THIRD AMENDMENT TO
This THIRD AMENDMENT TO EMPLOYMENT AGREEMENT is made as of the 6th day of March, 2002
by and between CHECKPOINT SYSTEMS, INC. ("CSI") and W. CRAIG BURNS ("Executive").
WHEREAS, CSI and Executive are parties to an Employment Agreement dated April 27, 2000, as amended on
July 17, 2001 and January 1, 2002 ("Agreement"); and
WHEREAS, CSI has determined it is in its best interests to modify the Agreement by amending the term of
employment, as well as to provide various other incentives as described herein in order to encourage the
Executive to continue with his employment as indicated herein;
NOW, THEREFORE, in consideration of the premises and mutual promises and covenants contained herein,
and intending to be bound hereby, the parties agree as follows:
1. Section 1. Employment and Term is hereby amended so that the expiration date of the term shall be extended
until March 31, 2003.
2. Section 3. Compensation, Subsection A. is hereby amended so that the Base Salary payable effective as
March 1, 2002 and payable thru March 31, 2003 shall be increased by Fifty Thousand Dollars ($50,000.00) per
annum to Three Hundred Fifty Thousand Dollars ($350,000.00) per annum.
3. Paragraph 3 of the Second Amendment to Employment Agreement shall be deleted in its entirety, and the
following provisions shall apply:
"The extension of the Term as provided in Section 1 above, shall not be considered as an "extension or new
agreement" for purposes of determining Executive's entitlement to severance benefits as provided in Section 6.E.
Therefore, should Executive's employment be terminated for any reason, with or without cause, including but not
limited to a voluntary termination by Executive (excepting therefrom a voluntary termination by Executive prior to
April 15, 2002), Executive shall be entitled to receive severance pay for a period of twenty-four
(24) months consisting of the payment of one hundred percent (100%) of Executive's monthly Base Salary as of