Supplement to Pension Scheme Agreement between Ing. Erich Pfeiffer GmbH and AptarGroup, Inc.

Summary

This agreement is a supplement to the existing pension scheme between Ing. Erich Pfeiffer GmbH and AptarGroup, Inc. It amends the definition of 'pensionable income' for the Managing Director, specifying that it will be based on the monthly basic salary received from AptarGroup, Inc. and its subsidiaries during the last full calendar year before retirement. The amendment is effective as of January 1, 1997. The agreement is signed by representatives of both companies.

EX-10.27 3 dex1027.txt SUPPLEMENT TO THE PENSION SCHEME AGREEMENT SUPPLEMENT TO THE PENSION SCHEME AGREEMENT ---------------- Between Ing. Erich Pfeiffer GmbH in Radolfzell-Boehringen, Represented by its shareholders AptarGroup, Inc. with place of office in Crystal Lake, Illinois U.S.A. Section VIII, sub-section (1), is amended as follows: Effective January 1, 1997 "Pensionable income means the monthly basic salary which the Managing Director has received from AptarGroup, Inc. and all it's direct or indirect subsidiaries, during the last countable and completed calendar year before retirement." Radolfzell-Boehringen, this 16th day of October 2001. Ing. Erich Pfeiffer GmbH by: /s/ Peter Pfeiffer ---------------------------- Peter Pfeiffer Crystal Lake, Illinois, U.S.A., this 16th day of October, 2001. AptarGroup, Inc. by: /s/ Carl Siebel ---------------------------- Carl A. Siebel CEO AptarGroup, Inc.