BWAY Corporation Letterhead]Separation and Release Agreement • July 10th, 2009 • BWAY Holding CO • Metal cans • North Carolina
BWAY Corporation and North America Packaging Corporation (“NAMPAC”)(collectively, the “Company”) terminated the employment relationship with you effective May 21st, 2009 (the “Separation Date”). This letter agreement (the “Agreement”) sets forth the terms of your separation from the Company. In addition, this Agreement effectively terminates the Employment Agreement between You and the Company dated May 28, 2004 (the “Employment Agreement”). As we discussed, we desire to resolve any and all issues relating to your employment and the conclusion of your employment with the Company amicably and on mutually satisfactory terms. Specifically, you (“You” or “Your”) and the Company (collectively, the “Parties”) agree:
