GIBRALTAR
PACKAGING GROUP, INC.
December 18, 1997
TO: Xxxxxxx Xxxxxxxx
FROM: Xxxx X. Xxxxxx, Xx.
RE: Salary and Employment Agreement
Your employment Agreement, dated December 1, 1992 is hereby amended to modify
paragraph 6.3.2ii to increase your salary continuation from nine (9) months to
twelve (12) months, to be paid under the terms of said Agreement. All other
terms and conditions remain unchanged.
Also, this is your authorization to increase your current compensation from
$149,350 per annum to $160,000 per annum effective January 1, 1998. Please have
Xx. Xxxxxxxx direct any questions regarding this compensation authorization to
Xx. Xxxxxxx Xxxxxxxxx at the Corporate Office.
Please sign and date below, return one copy, and keep one for your records.
Your performance and individual initiative for Gibraltar Packaging has been very
helpful and much appreciated. Keep up the good work!
Respectfully,
/s/ X.X. Xxxxxx, Xx.
X. X. Xxxxxx, Xx.
Executive Vice President and COO
xc: X.X. Xxxxx CFO
Name: /s/ Xxxxxxxx Xxxxxxxx Date: /s/ Jan. 8, 1998
-------------------------------- ----------------
Xxxxxxx Xxxxxxxx
000 Xxxxxxxxx Xxxxxx x Xxxxxxxx, XX 00000
Phone (000) 000-0000 o Fax (000) 000-0000
