SEVERANCE BENEFIT AGREEMENT
THIS SEVERANCE BENEFIT AGREEMENT (the "Agreement") made and entered into as of the 1st day of
August, 1994 (the "Effective Date"), by and between Ball Corporation (the "Corporation") having its principal
place of business located at 345 South High Street, Muncie, Indiana, and (name) (the "Executive").
WHEREAS, the Corporation desires that the Executive continue as an employee of the Corporation in
WHEREAS, the parties desire to enter into this Agreement as of the Effective Date, setting forth certain terms
should the employment relationship of the Executive terminate during the Term (as hereinafter defined).
NOW, THEREFORE, IN CONSIDERATION of the mutual premises, covenants and agreements set forth
below, it is hereby agreed as follows:
1. Term of Agreement. The term shall commence as of the Effective Date, and shall continue until the third
anniversary of the Effective Date (the "Term"); provided, however, that commencing on the first anniversary of
the Effective Date, and on each anniversary thereafter (each, an "Anniversary Date"), the Term of this Agreement
shall be extended automatically for one additional year unless the Corporation shall have given notice to the
Executive no later than sixty (60) days prior to such Anniversary Date of its intent to terminate this Agreement at
the end of two years following such Anniversary Date.
2. Termination of Employment.
(a) Death or Disability. For purposes of this Agreement, the Executive's employment shall terminate automatically
upon the Executive's death or "Disability" during the Term; provided however, this provision shall have no effect
on whether the Executive's employment has terminated for purposes of the Corporation's long-term disability plan
or program then in effect. For purposes of this Agreement, the Executive's employment may be terminated by
reason of "Disability," if, as a result of the Executive's incapacity due to physical or mental illness, the Executive
shall have been