EMPLOYMENT AGREEMENTEmployment Agreement • May 6th, 2021 • Pactiv Evergreen Inc. • Plastics, foil & coated paper bags • Illinois
Employment Agreement (“Agreement”) dated as of March 5, 2021, between Pactiv LLC (the “Company”) and Michael King (“Employee”). The Company is an indirect subsidiary of Pactiv Evergreen Inc. (“PEI”). PEI and its direct and indirect subsidiaries are referred to in this Agreement at times as the “PEI Group”. The PEI Group are intended third party beneficiaries of the Company under this Agreement with the rights, but not the obligations, of Company as employer. The Board of Directors of PEI (the “Board”) may elect to exercise certain rights on behalf of the Company or any other member of the PEI Group as provided in this Agreement.
SEPARATION AGREEMENTSeparation Agreement • May 6th, 2021 • Pactiv Evergreen Inc. • Plastics, foil & coated paper bags • Illinois
This Separation Agreement (“this Agreement") is dated March 28, 2021 for reference purposes only and is made and entered into by and between John Rooney (“Employee”) and Evergreen Packaging LLC, f/k/a Evergreen Packaging Inc. (“Company”), effective as of April 17, 2021 (“Effective Date”). The Company is an indirect subsidiary of Pactiv Evergreen Inc. (“PEI”). PEI and its direct and indirect subsidiaries from time to time are referred to in this Agreement as the “PEI Group”. The PEI Group are intended third party beneficiaries of the Company under this Agreement with the rights, but not the obligations, of Company as employer. The Board of Directors of PEI (the “Board”) may elect to exercise certain rights on behalf of the Company or any other member of the PEI Group as provided in this Agreement.
RETIREMENT AGREEMENTRetirement Agreement • May 6th, 2021 • Pactiv Evergreen Inc. • Plastics, foil & coated paper bags • Illinois
This Retirement Agreement (“this Agreement") is made and entered into retroactive and effective March 5, 2021 (subject to Paragraph 22 and 23), by and between John McGrath (“Employee”) and Pactiv LLC (“Company”). The Company is an indirect subsidiary of Pactiv Evergreen Inc. (“PEI”). PEI and its direct and indirect subsidiaries from time to time are referred to in this Agreement as the “PEI Group”. The PEI Group are intended third party beneficiaries of the Company under this Agreement with the rights, but not the obligations, of Company as employer. The Board of Directors of PEI (the “Board”) may elect to exercise certain rights on behalf of the Company or any other member of the PEI Group as provided in this Agreement.
Attachment 1 to Retirement Agreement Consulting and Restrictive Covenants AgreementRetirement Agreement • May 6th, 2021 • Pactiv Evergreen Inc. • Plastics, foil & coated paper bags • Illinois
Consulting and Restrictive Covenants Agreement (this “Agreement”) retroactive and effective as of March 5, 2021 (the “Effective Date”), between Pactiv Evergreen Inc. (the “Company”) and John McGrath (“Consultant”). The Company and its direct and indirect subsidiaries, as they may exist from time to time, are referred to in this Agreement at times as the “PEI Group”. The PEI Group are intended third party beneficiaries of the Company under this Agreement with the rights, but not the obligations, of the Company. The Board of Directors of the Company (the “Board”) may elect to exercise certain rights on behalf of the Company or any other member of the PEI Group as provided in this Agreement.
