Second Amendment to the Employee Matters Agreement, dated September 25, 2024, by and among Berry Global Group, Inc., Treasure Holdco, Inc. and Glatfelter Corporation

EX-10.47 3 ef20034627_ex10-47.htm EXHIBIT 10.47 SECOND AMENDMENT TO THE EMPLOYEE MATTERS AGREEMENT

Exhibit 10.47

Execution Version

SECOND AMENDMENT TO
EMPLOYEE MATTERS AGREEMENT

This SECOND AMENDMENT TO EMPLOYEE MATTERS AGREEMENT (this “Amendment”) is made on this 25th day of September, 2024, by and among BERRY GLOBAL GROUP, INC., a Delaware corporation (“Remainco”), TREASURE HOLDCO, INC., a Delaware corporation and a wholly owned indirect Subsidiary of Remainco (“Spinco”), and GLATFELTER CORPORATION, a Pennsylvania corporation (“RMT Partner”).

RECITALS

WHEREAS, Remainco, Spinco, and RMT Partner are parties to that certain Employee Matters Agreement dated February 6, 2024, as amended July 8, 2024 (as amended, the “EMA”);

WHEREAS, Remainco, Spinco and RMT Partner desire to amend the EMA to update Exhibit A to the EMA; and

WHEREAS, amendment of the EMA is permitted pursuant to Section 13.7 thereof with the written consent of each of Remainco, Spinco and RMT Partner.

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and covenants contained in this Amendment, the Parties, intending to be legally bound hereby, agree as follows:

1.          Exhibit A to the EMA is hereby deleted in its entirety and replaced with Exhibit A in the form attached to this Amendment.

2.          Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to such terms in the EMA.

3.         This Amendment may be executed in any number of counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement.  A signed copy of this Amendment delivered by facsimile, email or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Amendment.

4.          Including as amended hereby, the EMA remains in full force and effect, is valid and binding on, and otherwise ratified by, the parties.

5.        This Amendment, and the application or interpretation hereof, shall be governed exclusively by its terms and the Laws of the State of Delaware without regard to conflict of laws principles thereof (or any other jurisdiction) to the extent that such principles would direct a matter to another jurisdiction.


IN WITNESS WHEREOF, Remainco, Spinco, and RMT Partner have caused this Second Amendment to Employee Matters Agreement to be duly executed as of the date first above written.
 
 
BERRY GLOBAL GROUP, INC.
   
 
By
 
 
Name:
 
 
Title:
 
   
 
TREASURE HOLDCO, INC.
   
 
By
 
 
Name:
 
 
Title:
 
   
 
GLATFELTER CORPORATION
   
 
By
 
 
Name:
 
 
Title:
 

[Signature Page to Second Amendment to Employee Matters Agreement]


Exhibit A
 
 
Last Name
 
First Name
 
BEGLE
 
CURTIS
 
BURGER
 
DAVID
 
FORSELL
 
MICHELE
 
GARRISON
 
GUY
 
GIORDANO
 
ERNEST
 
MANROA
 
TARUN
 
MICHALAK
 
ROBERT
 
TILL
 
JAMES
 
DERVAES
 
ROBERT
 
WAGONER
 
DAVID
 
BENZ
 
WILLIAM
 
BISHOP
 
NYLE
 
BURGESS
 
STEVEN
 
CABE
 
MICHAEL
 
CLARK
 
CAROLYN
 
CUNLIFFE
 
MATTHEW
 
ELLIS
 
DIANNE
 
GARDINER
 
JOHN
 
GONDHALEKAR
 
ARCHANA
 
GUERRERO
 
DANIEL
 
HARDEE
 
DIANNA
 
HARMON
 
PAUL
 
MAYO
 
JERRY
 
MCVEY
 
ELIZABETH
 
OROPEZA
 
PAMELA
 
PARKS
 
DAVID
 
RABON
 
ROBERT
 
REEVES
 
HOPE
 
STREET
 
JOHN
 
TINDALL
 
RUSSELL
 
WANG
 
LEI
 
WARD
 
STEVE
 
WEILMINSTER
 
ROBERT
 
YORGANSON
 
GLENDA
 
YORK
 
TRACEY
 
GREGORY
 
CHARLES
 
MARTIN
 
LYNN
 
MILLER
 
DONNIE
 
BENDER
 
LISA
 
CHESSER
 
KEITH
 
COFFEY
 
SUSAN

[Exhibit A to Employee Matters Agreement]
 

 
DYER
 
JOSEPH
 
HUNT
 
PAUL
 
LANDRETH
 
MARK
 
LOVEDAY
 
JACK
 
MANSOURI
 
BIJAN
 
MCNULTY
 
THOMAS
 
PHILLIPS
 
JACOB
 
RICHARDSON
 
DOREEN
 
SOLARZ
 
JULIE
 
WADE
 
REGINA
 
CHIRICO
 
WILLIAM
 
GOLDTHORPE
 
LISE
 
MAINVILLE
 
DANIEL
 
MANN
 
GREGORY
 
OGBOMO
 
CLEMENT
 
WEEKS
 
LISA
 
MONSIVAIS
 
MARIA DE JESUS
 
TAFOYA
 
LUIS
 
GRIFFON
 
DENIS
 
MOREEL
 
LAURENT
 
ELSNER
 
PAOLA
 
SCHALK
 
ACHIM
 
SIMON
 
STEPHANE
 
HUNSINGER
 
DIDIER
 
LALLEMAND
 
YOLANDE
 
DIJKSTERHUIS
 
EELCO
 
EBBERS
 
TON
 
ROELOFS
 
MARGO
 
STEENHOVEN
 
VAN DER TON
 
NIGHTINGALE
 
VALERIE
 
WORMALD
 
PAUL
 
BARRICIELLO
 
VINCENZO
 
CUI
 
YAN
 
WANG
 
JACK
 
ECKERT
 
JOSEPH
 
HENDERSON
 
RONALD
 
KUNDOVIC
 
HELMUT
 
LIN
 
LINDA
 
MERRILL
 
JAMES
 
TEEGARDEN
 
LYNN
 
YOUNG
 
LINDA
 
GILBERT
 
WILLIE
 
THOMAS
 
PAMELA



[Exhibit A to Employee Matters Agreement]


 
WOLSTENHOLME
 
MICHAEL
 
BOGGS
 
KENNETH
 
BUZZARD
 
MARK
 
FLAUGHER
 
JAMES
 
ESCHENBACHER
 
FRANK
 
GUENTHER
 
CHRISTIAN
 
LOPEZ
 
FRANCISCO

[Exhibit A to Employee Matters Agreement]