EMPLOYMENT AGREEMENTEmployment Agreement • December 15th, 2004 • Home Products International Inc • Plastics products, nec • Illinois
THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of this 14th day of December, 2004, by and between Home Products International, Inc., a Delaware corporation (the “Company”), and Richard Hassert (the “Executive”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in Part Five hereof.
ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • December 15th, 2004 • Home Products International Inc • Plastics products, nec • Illinois
This Assignment and Assumption Agreement (this “Agreement”), by and between James R. Tennant (the “Executive”), Home Products International, Inc. (the “Company”) and Storage Acquisition Company, L.L.C. (the “Purchaser”), is made effective as of, and is contingent upon, the Executive’s receipt of the payment described in Section 1 below and the first acceptance (the “Share Acceptance”) for payment of shares of common stock of the Company tendered pursuant to the offer described in that certain Offer to Purchase dated November 12, 2004 (the “Offer to Purchase”) and the related letter of transmittal (the date on which the later of such events occurs, the “Effective Date”) made pursuant to that certain Acquisition Agreement, dated as of October 28, 2004 (the “Acquisition Agreement”) between Purchaser and the Company.
