CHECKPOINT SYSTEMS, INC.
THIS AGREEMENT is made as of the 20th day of March, 2001, by and between CHECKPOINT
SYSTEMS, INC. a Pennsylvania corporation ("CSI"), and John Davies ("Executive").
CSI is involved in providing integrated security and safety solutions for retail, industrial and institutional
applications worldwide, both directly and through its affiliates.
Executive has agreed to accept employment with CSI as its Vice President, Research and Development and has
agreed to furnish his skills to CSI and fulfill the duties of the aforementioned position as outlined in Exhibit "A",
attached hereto and made a part hereof, on the terms and conditions of this Agreement.
NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants contained herein,
and intending to be legally bound hereby, the parties hereto agree as follows:
1. Employment and Term. CSI hereby employs Executive as its Vice President, Research and Development.
Executive agrees to serve CSI in such capacity, subject to the terms and conditions of this Agreement, for a term
of two (2) calendar years, commencing on the date hereof (the "Term").
A. During the Term, Executive shall use his best efforts to perform all duties required in furtherance of his position
as outlined in Exhibit "A" or as are assigned to him from time to time by the Executive Vice President of CSI.\
B. Executive shall diligently and faithfully devote his entire time, energy, skill, and best efforts to perform his duties
under this Agreement. Executive shall conduct himself at all times so as to advance the best interests of CSI, and
shall not undertake or engage in any other business activity or continue or assume any other business affiliations
which conflict or interfere with the performance of his services hereunder without the prior written consent of the
Chief Executive Officer of CSI.
CSI shall pay Executive and Executive sh