EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • March 2nd, 2015 • Crown Holdings Inc • Metal cans • Pennsylvania
THIS IS AN EMPLOYMENT AGREEMENT (“Agreement”), effective January 1, 2015, (“Effective Date”) between Crown Holdings, Inc. (the “Company”) and Djalma Novaes Jr. (the “Executive”).
SENIOR EXECUTIVE RETIREMENT AGREEMENT BackgroundSenior Executive Retirement Agreement • March 2nd, 2015 • Crown Holdings Inc • Metal cans • Pennsylvania
Crown Holdings, Inc. maintains the Crown Senior Executive Retirement Plan (the “Plan”) to provide retirement and death benefits to certain of its key management employees. Djalma Novaes Jr. (the “Participant”), as an executive of the Company, has been selected to participate in the Plan effective December 31, 2014. Unless otherwise defined herein, all capitalized terms used in this Agreement shall have the definitions set forth in the Plan, which is incorporated herein and made a part hereof.
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • March 2nd, 2015 • Crown Holdings Inc • Metal cans
This is the Second Amendment (the “Amendment”) to the Employment Agreement (the “Agreement”), effective May 3, 2007, between Crown Holdings, Inc. (the “Company”) and Raymond L. McGowan, Jr. (the “Executive”). Capitalized terms not defined herein shall have the meanings set forth in the Agreement.
ContractIncremental Amendment • March 2nd, 2015 • Crown Holdings Inc • Metal cans • New York
INCREMENTAL AMENDMENT NO. 1, dated as of October 16, 2014 (this “Incremental Amendment No. 1”), among CROWN AMERICAS LLC, a Pennsylvania limited liability company, (“U.S. Borrower”), DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent for the Term A Lenders (as defined in the Credit Agreement (as defined below)) (in such capacity, the “Agent”), and the undersigned Additional Term A Lenders (as defined below), to that certain Credit Agreement, dated as of December 19, 2013, as amended by that certain First Amendment to Credit Agreement, dated as of September 17, 2014 (as further amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”). All capitalized terms used and not otherwise defined herein shall have the same meanings as set forth in the Credit Agreement.
INCREMENTAL Amendment No. 2Incremental Amendment • March 2nd, 2015 • Crown Holdings Inc • Metal cans • New York
INCREMENTAL AMENDMENT NO. 2, dated as of October 24, 2014 (this “Incremental Amendment No. 2”), among CROWN AMERICAS LLC, a Pennsylvania limited liability company, (“U.S. Borrower”), DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent for certain Term Lenders (as defined in the Credit Agreement (as defined below)) (in such capacity, the “Agent”), and the undersigned Term Loan B Lenders (as defined below), to that certain Credit Agreement, dated as of December 19, 2013, as amended by that certain First Amendment to Credit Agreement, dated as of September 17, 2014, and as further amended by that certain Incremental Amendment No. 1, dated as of October 16, 2014 (as further amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”). All capitalized terms used and not otherwise defined herein shall have the same meanings as set forth in the Credit Agreement.
