Severance Arrangements for Senior Executives of Multi-Color Corporation
This agreement outlines severance terms for three executives of Multi-Color Corporation. If Dawn H. Bertsche, Senior Vice President and CFO, is terminated without cause, she will receive one year's salary paid over a year. Donald E. Kneir and Edward V. Allen, both division presidents, will each receive six months' salary if terminated without cause. These payments are contingent on termination not being for cause and are paid over the specified periods.
Exhibit 10.46
SEVERANCE ARRANGEMENTS
Upon termination of employment by the Company, other than for cause, Dawn H. Bertsche, Senior Vice President and Chief Financial Officer, is entitled to payments equal to one year’s salary paid over a one-year period. Donald E. Kneir, President, Decorating Solutions Division and Edward V. Allen, President Packaging Services Division, are entitled to payments upon termination of employment with Multi-Color Corporation, other than for cause, in an amount equal to six month’s salary.
