If you voluntarily leave the Company, or if the Company terminates your employment for cause, prior to Retention Date A and/or Retention Date B, you will not receive Retention Bonus A and/or Retention Bonus B,

Assuming all conditions are met, Retention Bonus A will be paid as soon as practicable in March 2019 and Retention Bonus B will be paid no later than March 15, 2019, and will be subject to withholding taxes as required by law. Retention Bonus A and Retention Bonus B (collectively, the “Retention Bonuses”) will be payable in addition to your regular annual salary, benefits and participation in the Company’s incentive compensation plans. Since the Retention Bonuses represent unique payments to you, the Retention Bonuses will not be considered in calculating compensation-related benefits (e.g., pension benefits).

Executive Retention Bonus. Myers Industries, Inc. (the “Company”) is offering to pay you (the “Executive”) the “Executive Retention Bonuses” set forth in the table below if you remain in the employ of the Company through each designated anniversary of the date you sign this Retention Bonus Agreement (each such anniversary, a “Designated Retention Date”). Each Retention Bonus will be paid, net of applicable tax withholding, as of the first payroll date following the related Designated Retention Date, if you are employed on that date.

Re: Retention Bonus

(each a “Retention Bonus Payment”).

The Company appreciates your continued service. As an incentive to recognize your efforts with the Company, the Company is pleased to offer you a Special Retention Bonus opportunity of $175,000 (the “Special Retention Bonus”).

If you sign this Letter, you will also be eligible to earn a retention bonus of up to £420,238 on the terms described below in connection with your continued employment with [[Organization A:Organization]] (“Retention Bonus”).

Upon completion of the Term of this Agreement in “Good Standing” as defined in Section V, [Subsection B], and execution and delivery of the Waiver and Release Agreement attached as [Exhibit B] (the “Waiver and Release”) within the twenty-one (21) day period set forth therein, Employee shall be paid a retention bonus in the amount of $222,300.00 (the “Retention Bonus”), which represents the equivalent of eighteen months of the Employee’s annual salary. Said Retention Bonus will be subject to applicable withholding and employment taxes. Employee shall be paid his Retention Bonus according to the following schedule:

“After-Tax Value of the Retention Bonus” means the gross amount of the Retention Bonus, net of any taxes you are required to pay in respect thereof and determined taking into account any tax benefit that may be available in respect of the repayment described above. The Company shall determine in good faith the After-Tax Value of the Retention Bonus, which determination shall be conclusive and binding.

Bonus. The Executive shall be eligible to receive bonuses as set forth on [Schedule 3(a)] attached hereto, and further as determined by the Board of Directors.