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EXHIBIT 10.32
CHANGE-IN-CONTROL
AMENDMENT
THIS CHANGE-IN-CONTROL AMENDMENT (this "Amendment") is entered into as
of this 31st day of August, 1998, by and among U.S. Can Corporation, a Delaware
corporation (the "Corporation"), United States Can Company, a Delaware
corporation and wholly owned subsidiary of the Corporation ("U.S. Can"), and
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (the "Employee"), an officer or employee of the Corporation,
U.S. Can or one of U.S. Can's subsidiaries.
WHEREAS, the parties hereto previously entered into a Change-in-Control
Agreement dated September 20, 1995 (the "Agreement"); and
WHEREAS, the parties hereto are mutually desirous of amending the
Agreement to modify a provision of the Agreement whereby the trigger for a stock
acquisition constituting a change-in-control event is incorrectly stated to be
20%;
NOW, THEREFORE, the Agreement is hereby amended by substituting fifteen
percent (15%) for twenty percent (20%) in the fifth line of Section 1(a) of the
Agreement.
All other terms and conditions of the Agreement are hereby ratified and
confirmed in all respects.
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the date first written above.
U.S. CAN CORPORATION UNITED STATES CAN COMPANY
By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇ By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇ ▇. ▇▇▇▇▇
Chairman, President and Chairman, President and
Chief Executive Officer Chief Executive Officer
EMPLOYEE SIGNATURE
/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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