Second Amendment to Executive Employment Agreement between Chesapeake Corporation and Michael D. Beverly

Summary

This amendment updates the employment agreement between Chesapeake Corporation and Michael D. Beverly. It extends the term of Beverly's employment by an additional twelve months each year unless the company gives written notice before November 1 that the term will not be extended. The first extension will last until December 31, 2007, unless the company notifies Beverly otherwise before November 1, 2005. All other terms of the original agreement remain unchanged.

EX-10.6 7 dex106.htm SECOND AMENDMENT TO THE EMPLOYMENT MICHAEL D. BEVERLY Second Amendment to the Employment Michael D. Beverly

Exhibit 10.6

 

SECOND AMENDMENT TO

EXECUTIVE EMPLOYMENT AGREEMENT

 

SECOND AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT, dated as of August 12, 2005, between Chesapeake Corporation, a Virginia corporation (the “Company”), and Michael D. Beverly (the “Executive”).

 

WHEREAS, the Company and the Executive entered into an amended and restated Executive Employment Agreement (the “Agreement”) dated April 22, 2003, amended on January 3, 2005; and

 

WHEREAS, pursuant to the Agreement, the Agreement may be amended by mutual consent of the Company and the Executive; and

 

WHEREAS, the Company and the Executive desire to amend the Agreement;

 

NOW THEREFORE, the Agreement is hereby amended in the following respects:

 

Section 1 (b) is amended to read as follows:

 

(b) The period described in paragraph (a) shall be extended for an additional twelve months unless the Company, before each November 1 of any year, provides written notice to the Executive that the period will not be extended. The preceding sentence shall first be effective to extend the period described in paragraph (a) until December 31, 2007, unless written notice to the contrary is provided to the Executive by the Company before November 1, 2005.

 

Except as provided above, the terms of the Agreement, dated April 22, 2003, and amended January 3, 2005 shall remain in effect.

 

IN WITNESS WHEREOF, the Company has caused this Second Amendment to Executive Employment Agreement to be duly executed on its behalf and the Executive has duly executed this Second Amendment to Executive Employment Agreement, all as of the date first above written.

 

EXECUTIVE   CHESAPEAKE CORPORATION

/s/ Michael D. Beverly


 

/s/ J.P. Causey Jr.


Michael D. Beverly   J.P. Causey Jr.
   

Executive Vice President, Secretary &

General Counsel