Commission File
Number |
Exact name of registrant as specified in
its charter; State or other jurisdiction of incorporation; Address of principal executive offices; and Registrant's telephone number including area code |
IRS Employer
Identification Number |
001-33527
|
BWAY HOLDING COMPANY Delaware 8607 Roberts Drive Suite 250 Atlanta, Georgia 30350-2237
770-645-4800 |
55-0800054
|
001-12415
|
BWAY CORPORATION Delaware 8607 Roberts Drive Suite 250 Atlanta, Georgia 30350-2237
770-645-4800 |
36-3624491
|
|
Pursuant to the Agreement, if the Company terminates Mr. Clauer without cause, as defined in the Agreement, then the Company is obligated to provide Mr. Clauer separation benefits consisting of (i) a lump sum payment equal to 12 months of his then current base salary; (ii) a lump sum payment equal to 1.5 times his then current annual target incentive bonus; (iii) reimbursement of COBRA premiums under the Company's medical group health plan for 12 months; and (iv) monthly payments of $1,300 for 12 months.
The above is a summary of the terms of the Agreement and is qualified in its entirety by reference to the Agreement, which is included as Exhibit 10.1 to this Current Report.
BWAY HOLDING COMPANY
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Date: January 07, 2010
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By:
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/s/ Kevin C. Kern
|
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Kevin C. Kern
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Senior Vice President and Chief Administrative Officer
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Exhibit No.
|
Description
|
|
EX-10.1
|
Separation Pay Agreement
|