THIS AGREEMENT CONTAINS A MANDATORY ARBITRATION PROVISION AND IS SUBJECT TO BINDING ARBITRATION SONOCO PRODUCTS COMPANY CHANGE-IN-CONTROL PLANSolicitation and Nondisclosure Agreement • February 11th, 2022 • Sonoco Products Co • Paperboard containers & boxes • South Carolina
Sonoco Products Company has adopted this Sonoco Products Company Change-in-Control Plan to provide management continuity by inducing selected employees to remain in the employ of the Company or one of its Subsidiaries pending a proposed Change in Control by providing such employees with severance protection under the circumstances covered by the Plan. The objective of the Plan is to help assure that, in the event of a possible Change in Control, in addition to the Participant’s regular duties, such Participant may be available to be called upon to assist in the objective assessment of such proposal, to advise management and the Board of Directors of the Company as to whether such proposal would be in the best interests of the Company and its shareholders or one of its Subsidiaries, and to take such other actions as management or the Board might determine reasonably appropriate and in the best interests of the Company and its shareholders.
