Amendment No. 2 to Restricted Stock Award Agreement between Alltrista Corporation and Ian G. H. Ashken

Summary

This amendment, dated April 15, 2002, modifies the Restricted Stock Award Agreement between Alltrista Corporation and employee Ian G. H. Ashken. The amendment changes the price per share at which stock restrictions lapse from $35.00 to $45.00. All other terms of the original agreement remain unchanged. Both parties have agreed to these revised terms as of the amendment date.

EX-10.24 13 file012.txt AMENDMENT NO. 2 TO RESTRICTED STOCK AWARD 160147.2 AMENDMENT NO.2 TO RESTRICTED STOCK AWARD AGREEMENT -------------------------------- THIS Amendment (the "Amendment"), dated as of April 15, 2002, to the Restricted Stock Award Agreement, dated January 2, 2002, is entered into between Alltrista Corporation, a Delaware corporation (the "Company") and Ian G. H. Ashken, (the "Employee"). WITNESSETH: WHEREAS, the Employee and the Company are parties to that certain Restricted Stock Award Agreement effective as of January 1, 2002, as amended, (the "Agreement"); and WHEREAS, the parties mutually desire to amend the Agreement on the terms and conditions set forth more fully below. NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this Amendment, the Company and the Employee hereby agree as follows: 1. Section 1 of the Agreement is hereby amended to change the $35.00 price per share at which the restrictions lapse, to $45.00 per share. 2. Except as expressly amended by this Amendment, the Agreement shall remain in full force and effect as the same was in effect immediately prior to the effectiveness of this Amendment. IN WITNESS WHEREOF, each of the parties hereto have duly executed this Agreement as of the date set forth above. ALLTRISTA CORPORATION By: /s/ Martin E. Franklin ---------------------- Its: Chairman and Chief Executive Officer ------------------------------------ /s/ Ian G.H. Ashken ------------------- Ian G.H. Ashken