MANAGEMENT UNIT SUBSCRIPTION AGREEMENT (B-2 Units)Management Unit Subscription Agreement • March 3rd, 2009 • Pinnacle Foods Finance LLC • Food and kindred products • Delaware
THIS MANAGEMENT UNIT SUBSCRIPTION AGREEMENT (this “Agreement”) is made as of June 11, 2007, by and between Peak Holdings LLC, a Delaware limited liability company (the “Company”), and the individual named on the signature page hereto (the “Executive”).
Peak Holdings LLC One Old Bloomfield Road Mountain Lakes, New Jersey 07046 February 27, 2009Pinnacle Foods Finance LLC • March 3rd, 2009 • Food and kindred products • Delaware
In light of recent events impacting the economy and the performance of Peak Holdings LLC (“Holdings”), the Management Committee of Holdings (the “Board”) has decided to modify the terms of your additional incentive bonus opportunity, and as such, the letter agreement dated June 11, 2007 entered into by and between you and Holdings shall be replaced and superseded in its entirety by the terms and subject to the conditions set forth in this letter agreement. This bonus opportunity is intended to modify the Target Annual Bonus set forth in that certain employment agreement entered into by and between you and Crunch Holding Corp. (the “Company”), dated April 2, 2007 (the “Employment Agreement”). All capitalized terms not defined herein shall have the meaning ascribed to them in the Employment Agreement.
