Amendment No. 1 to Employment Agreement between Avery Dennison Corporation and Philip M. Neal
Avery Dennison Corporation and Philip M. Neal have agreed to amend their original employment agreement, effective May 1, 2005. The amendment updates the agreement's effective date and changes Mr. Neal's title to Chairman of the Board of Directors. All other terms of the original agreement remain unchanged.
Exhibit 10.8.2.1
AMENDMENT 1 TO
EMPLOYMENT AGREEMENT
This AMENDMENT 1 to that certain Employment Agreement dated May 1, 2000, is entered into by and between Avery Dennison Corporation, a Delaware corporation (the Company) and Philip M. Neal (the Executive), effective as of May 1, 2005.
Whereas, the parties to the Employment Agreement (Agreement) desire to amend the Agreement;
NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
1. | The date of the Agreement is amended to read May 1, 2005. |
2. | Subparagraph 4(a)(i) is amended to reflect Executives new title as Chairman of the Board of Directors. |
3. | All other terms and conditions of the Agreement remain in full force and effect. |
IN WITNESS WHEREOF, the Executive has executed this Amendment and, pursuant to the authorization from the Compensation and Executive Personnel Committee of the Board of Directors, the Company has caused this Amendment to be executed, all as of the day and year first above written.
AVERY DENNISON CORPORATION | EXECUTIVE | |||||||
By: | ||||||||
Robert G. van Schoonenberg Executive Vice President, General Counsel and Secretary | Philip M. Neal |