Exhibit 10.3
SUPPLEMENT
TO THE PENSION SCHEME ARRANGEMENT
---------------------------------
between
Ing. Xxxxx Xxxxxxxx GmbH, Xxxxxxxxxxxxxx 00-00, 00000 Xxxxxxxxxx, Xxxxxxx
represented by the sole shareholder Aptar GmbH, Xxxxxxxxxxxxxxxxx 00,
00000 Xxxxxxxx, Xxxxxxx
and
Xx. Xxxxx Xxxxxxxx, Xxxxxxxxxxx 00, 00000 Xxxxxxxxxx, Xxxxxxx.
Regarding the pension scheme Arrangement between the parties of April 22, 1993
as amended by the Supplement of October 16, 2001, the parties hereby stipulate
the following:
With respect to Section III (2) of the Pension Scheme Arrangement, the
parties confirm that to the extent Xxxxx Xxxxxxxx continues to be employed
by Ing. Xxxxx Xxxxxxxx GmbH between his 60th and 65th year of life, the Old
Age Pension will be increased by 1% (one per cent) for each year of
employment completed after the 60th year of life.
Radolfzell, this 17th day of October 2007
/s/ Xxxx Xxxxxx
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Ing. Xxxxx Xxxxxxxx GmbH
(represented by its shareholder Aptar GmbH)
/s/ Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxx
