SILGAN HOLDINGS INC.
SENIOR EXECUTIVE PERFORMANCE PLAN
The purpose of the Silgan Holdings Inc. Senior Executive Performance Plan is to permit Silgan Holdings Inc. (the
"Company"), through awards of incentive compensation that satisfy the requirements for performance-based
compensation under Section 162(m) of the Internal Revenue Code, to attract and retain certain senior executives
and to motivate these senior executives to promote the profitability and growth of the Company.
"AWARD" shall mean the amount granted to a Participant by the Committee for a Performance Period, provided
that the amount of the Award for any Participant for a Performance Period shall in no event exceed the Maximum
Award for such Performance Period.
"BOARD" shall mean the Board of Directors of the Company.
"CODE" shall mean the Internal Revenue Code of 1986, as amended. References to the Code shall be deemed
to include references to the applicable Treasury Regulations promulgated thereunder.
"COMMITTEE" shall mean the Compensation Committee of the Board or any subcommittee thereof comprised
solely of "outside directors" meeting the requirements of Section 162(m)(4)(C) of the Code.
"DISABILITY" shall mean the inability of the Participant, by reason of illness or injury, to perform substantially all
of his duties as an Executive during any continuous period of 180 days.
"EXCHANGE ACT" shall mean the Securities Exchange Act of 1934, as amended.
"EXECUTIVE" shall mean each of R. Philip Silver and D. Greg Horrigan, the current Co-Chief Executive
Officers of the Company.
"MAXIMUM AWARD" shall mean, for the Performance Period beginning on January 1, 2003, $1,621,060,
and for each Performance Period thereafter an amount equal to 103% of the Maximum Award for the
immediately preceding Performance Period.
"PARTICIPANT" shall mean, for each Performance Period, each Executive who is a "covered employee" (as
defined in Section 162(m) of the Code) for that Performance Perio