AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.16
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement effective April 1, 2006 by and among Pregis Holding I Corporation, a Delaware corporation (“Pregis I”) and its wholly-owned subsidiaries, Pregis Holding II Corporation, a Delaware corporation (“Pregis II”), and Pregis Corporation, a Delaware corporation (“Pregis”) (Pregis I, Pregis II and Pregis, collectively, the “Employers”) and Xxxx Xxxxxx (“Executive”) hereby amends the Employment Agreement dated October 12, 2005 among Employers and Executive, as follows:
In Section 2(a), Base Compensation, the phrase “Employers shall pay to Executive as base salary $241,544 per year” shall be deleted and replaced with “Employers shall pay to Executive as base salary $300,000 per year”.
All other terms and conditions of the Employment Agreement among Employers and Executive shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment to Employment Agreement as of the date and year first above written.
EMPLOYERS: | EXECUTIVE: | |||||||
PREGIS HOLDING I CORPORATION | ||||||||
By: | /s/ Xxxxxx X. Xxxxxx | /s/ Xxxx Xxxxxx | ||||||
Name: Xxxxxx X. Xxxxxx | Name: Xxxx Xxxxxx | |||||||
Title: Vice President | ||||||||
PREGIS HOLDING II CORPORATION | ||||||||
By: | /s/ Xxxxxx X. Xxxxxx | |||||||
Name: Xxxxxx X. Xxxxxx | ||||||||
Title: Vice President | ||||||||
PREGIS CORPORATION | ||||||||
By: | /s/ Xxxxxx X. Xxxxxx | |||||||
Name: Xxxxxx X. Xxxxxx | ||||||||
Title: Secretary |