Ball Corporation Long-Term Cash Incentive Plan, dated October 25, 1994, as amended October 23, 1996
LONG-TERM CASH INCENTIVE PLAN
(As Amended October 23, 1996)
Terms and Conditions
The purpose of the Ball Corporation Long-Term Cash Incentive Plan (the "Plan") is to advance the interests of
Ball Corporation (the "Company") and its subsidiaries by providing a long-term financial incentive to selected key
executives who contribute and are expected to continue to contribute materially to the success of the Company
and its subsidiaries through their leadership skills, vision and dedication.
The Plan, offered in conjunction with the various Ball Stock Option Plans, provides awards on the basis of Ball's
total return (stock price appreciation plus dividends) performance over three-year performance cycles which
begin at the start of each calendar year.
Administration of the Plan
The plan shall be administered by the Human Resources Committee of the Board of Directors (the "Committee").
The Committee shall have full and final authority to interpret the Plan and the awards granted thereunder, to
prescribe, amend and rescind rules and regulations, if any, relating to the Plan and to make all determinations
necessary or advisable for the administration of the Plan. No member of the Committee shall be liable for
anything done or omitted to be done by him or by any other member of the Committee in connection with the
Plan, except for his own willful misconduct or gross negligence.
The effective date of the Plan is August 1,1994, as adopted by the Board of Directors of Ball ( the "Board") on
October 25, 1994, and as amended effective October 22, 1996.
Operation of the Plan
Performance Cycles -- The normal operation of the Plan provides for performance cycles beginning each January
1, which last for three calendar years. However, as a transition, there were two phase-in