EX-10.43
Published on February 22, 2022
EXHIBIT 10.43
FOURTEENTH AMENDMENT TO THE
GPI SAVINGS PLAN
(As Amended and Restated Effective January 1, 2015)
WHEREAS, Graphic Packaging International, LLC (the “Company”) maintains for the benefit of its employees the GPI Savings Plan (the “Plan”); and
WHEREAS, Section 13.1 of the Plan authorizes the Board of Directors of Graphic Packaging Holding Company (the “Board”) to amend the Plan at any time; and
WHEREAS, the Board has delegated to the Retirement Committee of Graphic Packaging International, LLC (the “Retirement Committee”) the responsibility to make certain amendments to the Plan; and
WHEREAS, the Company has acquired the assets (the “Transaction”) of Americraft Carton, Inc. (the “Target”); and
WHEREAS, in connection with the Transaction, employees of the Target became employees of the Company effective as of July 1, 2021; and
WHEREAS, the Retirement Committee deems it desirable to amend the Plan to recognize employees’ service with the Target for purposes of the Plan.
NOW, THEREFORE, BE IT RESOLVED, that, effective as of July 1, 2021, the Plan is hereby amended as follows:
1.Subsection 1.101 of the Plan is amended by adding the following sentence to the end thereof:
An Employee’s period of service with Americraft Carton, Inc., to the extent not otherwise counted hereunder, will be taken into account in determining his Year of Eligibility Service, provided that such Employee was employed by Americraft Carton, Inc. as of the close of business on the date immediately preceding the closing date of the acquisition of the assets of Americraft Carton, Inc. by the Controlling Company.
2.Subsection 1.102(d) of the Plan is amended by adding the following sentence to the end thereof:
An Employee’s periods of employment with Americraft Carton, Inc. will be taken into account in determining his Years of Vesting Service, provided that such Employee was employed by Americraft Carton, Inc. as of the close of business on the date immediately preceding the closing date of the acquisition of the assets of Americraft Carton, Inc. by the Controlling Company.
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EXHIBIT 10.43
BE IT FURTHER RESOLVED, that the Retirement Committee has approved this Fourteenth Amendment to the GPI Savings Plan this 10th day of November, 2021.
GRAPHIC PACKAGING INTERNATIONAL, LLC RETIREMENT COMMITTEE MEMBERS
By: /s/ Stephen R. Scherger
Stephen R. Scherger
By: /s/ Brad Ankerholz
Brad Ankerholz
By: /s/ Chuck Lischer
Chuck Lischer
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SGR/26338654.1