Amendment to Change in Control Agreement between Alltrista Corporation and Executive

Summary

This agreement, dated June 21, 2001, is an amendment to a prior change in control agreement between Alltrista Corporation and an executive. It modifies a specific section of the earlier agreement, clarifying the definition of directors excluded from certain provisions, particularly those whose appointment is related to election contests. The amendment is executed by both the company and the executive, updating the terms of their original arrangement.

EX-10.16 19 dex1016.txt AMEND TO CHANGE OF CONTROL AGREEMENT Exhibit 10.16 Amendment to Change in Control Agreement ---------------------------------------- AGREEMENT dated as of June 21, 2001 by and between Alltrista Corporation (the "Company") and _______________ (the "Executive"). WHEREAS, the Company and the Executive had entered into that certain letter agreement dated as of ____________ (the "Prior agreement"); WHEREAS, the Company and the Executive desire to amend the Prior Agreement. NOW, THEREFORE, the Company and the Executive hereby agree as follows: Section 2(ii) of the Prior Agreement is amended by deleting the parenthetical phase therein and substituting therefore the following: "(other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to the election of directors of the Company, including but not limited too Messrs. Martin E. Franklin and Ian G.H Ashken)." IN WITNESS WHEREOF, the Company and the Executive have caused this Agreement to be executed this ___ day of _______ 2001. ALLTRISTA CORPORATION ____________________ Thomas B. Clark Chairman, President & Chief Executive Officer ____________________ (Executive)