0001104659-06-078119 Sample Contracts

Owens-Illinois, Inc.
Owens Illinois Inc /De/ • November 28th, 2006 • Glass containers

On behalf of the Board of Directors of Owens-Illinois, Inc. (the “Company”), I am pleased to offer you employment as Chairman of the Board and Chief Executive Officer of the Company according to the material terms set forth on the attached Term Sheet, which are to be incorporated into a formal written employment agreement.

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SEPARATION AGREEMENT
Separation Agreement • November 28th, 2006 • Owens Illinois Inc /De/ • Glass containers • Ohio

AGREEMENT, dated as of November 21, 2006 (this “Agreement”), is entered into by and between Owens-Illinois, Inc. (the “Company”) and Steven R. McCracken (the “Executive”). The Company and the Executive are sometimes referred to herein as the “Parties.”

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