Exhibit 10.3

                                APTARGROUP, INC.
                             2008 STOCK OPTION PLAN

     1. Purpose. The purpose of the AptarGroup, Inc. 2008 Stock Option Plan (the
"Plan") is to promote the long-term financial interests of the Company and its
Affiliates by (a) attracting and retaining personnel, (b) motivating personnel
by means of growth-related incentives, (c) providing incentive compensation
opportunities that are competitive with those of other major corporations and
(d) furthering the identity of interests of participants with those of the
stockholders of the Company.

     2. Definitions. The following definitions are applicable to the Plan:

     (a) "Affiliate" means (i) any subsidiary and (ii) any other entity in which
the Company has a direct or indirect equity interest which is designated an
"Affiliate" by the Committee.

     (b) "Board of Directors" means the Board of Directors of the Company.

     (c) "Code" means the Internal Revenue Code of 1986, as amended.

     (d) "Committee" means the Compensation Committee or other committee of the
Board of Directors which, pursuant to Section 3, has authority to administer the
Plan.

     (e) "Common Stock" means Common Stock, par value $.01 per share, of the
Company.

     (f) "Company" means AptarGroup, Inc., a Delaware corporation, and its
successors.

     (g) "eligible employee" means any employee of the Company or an Affiliate.

     (h) "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     (i) "Market Value" on any date means the closing price of Common Stock on
the New York Stock Exchange on that date (or, if such date is not a trading
date, on the next preceding date which was a trading date).

     (j) "participant" means any employee of the Company or an Affiliate who has
been granted an award pursuant to the Plan.

     (k) "Rule 16b-3" means such rule adopted under the Securities Exchange Act
of 1934, as amended, or any successor rule.

     (l) "subsidiary" means any corporation fifty percent or more of the voting
stock of which is owned, directly or indirectly, by the Company.

     (m) "whole Board of Directors" means the total number of directors which
the Company would have on the Board of Directors if there were no vacancies.

     3. Administration. The Plan shall be administered by the Compensation
Committee of the Board of Directors or, if directors constituting not less than
seventy percent (70%) of the whole Board of Directors so determine, by another
committee consisting of not less than two (2) members of the Board of Directors.
A majority of the Committee shall constitute a quorum and the acts of a majority
of the members present at any meeting at which a quorum is present, or actions
approved in writing by all members of the Committee, shall constitute the acts
of the Committee.

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     Subject to the limitations of the Plan, the Committee shall have full
authority and discretion: (1) to select participants, (2) to make grants of
stock options in such forms and amounts as it shall determine, (3) to impose
such limitations, restrictions and conditions upon such options as it shall deem
appropriate, (4) to approve the forms to carry out the purposes and provisions
of the Plan, (5) to interpret the Plan and to adopt, amend and rescind
administrative guidelines and other rules and regulations relating to the Plan,
(6) to correct any defect or omission or to reconcile any inconsistency in the
Plan or in any option granted hereunder and (7) to make all other determinations
and to take all other actions necessary or advisable for the implementation and
administration of the Plan. Notwithstanding the foregoing, except for any
adjustment pursuant to Section 6(b), the Committee shall not have authority to
reprice any stock option granted hereunder.

     The Committee's determinations on matters within its authority shall be
final, binding and conclusive. The Committee may, to the extent that any such
action will not prevent an option from complying with Rule 16b-3, delegate any
of its authority hereunder to such persons as it deems appropriate.

     4. Shares Subject to Plan. Subject to adjustment as provided in Section
6(b), 3,800,000 shares of Common Stock shall be available for the grant of stock
options under the Plan, reduced by the sum of the aggregate number of shares of
Common Stock which become subject to outstanding options. To the extent that
shares of Common Stock subject to an outstanding option are not issued or
delivered by reason of the expiration, termination, cancellation or forfeiture
of such option, then such shares of Common Stock shall again be available under
the Plan. Shares of Common Stock available under the Plan may be treasury shares
reacquired by the Company or authorized and unissued shares, or a combination of
both.

     To the extent required by Section 162(m) of the Code and the rules and
regulations thereunder, the maximum number of shares of Common Stock with
respect to which options may be granted during any calendar year to any person
shall be 500,000, subject to adjustment as provided in Section 6(b).

     5. Awards. The Committee may grant stock options to eligible employees in
accordance with this Section 4 and the other provisions of the Plan.

     (a) Options granted under the Plan may be incentive stock options ("ISOs")
within the meaning of Section 422 of the Code or any successor provision, or in
such other form consistent with the Plan, as the Committee may determine; except
that, so long as so provided in such Section 422, no ISO may be granted under
the Plan to any employee of an Affiliate which is not a subsidiary corporation
(as such term is used in subsection (b) of Section 422 of the Code) of the
Company.

     (b) The option price per share of Common Stock shall be fixed by the
Committee at not less than 100% of Market Value on the date of grant, but in no
event shall the option price be less than the par value per share.

     (c) Each option shall be exercisable at such time or times as the Committee
shall determine at or subsequent to grant, provided that no option shall be
exercised later than 10 years after its date of grant.

     (d) An option may be exercised (1) by giving written notice to the Company
specifying the number of whole shares of Common Stock to be purchased and
accompanied by payment therefor in full (or arrangement made for such payment to
the Company's satisfaction) either (A) in cash, (B) in cash delivered by a
broker-dealer acceptable to the Company to whom the optionee has submitted an
irrevocable notice of exercise, (C) by delivery of previously owned whole shares
of Common Stock (for which the optionee has good title, free and clear of all
liens and encumbrances) having a Market Value, determined as of the date of
exercise, equal to the aggregate purchase price payable by reason of such
exercise, or (D) a combination of (A) and (C), in each case to the extent set
forth in the agreement relating to the option and (2) by executing such
documents as the Company may reasonably request. The Committee shall have sole
discretion to disapprove of an election pursuant to clauses (B), (C) or (D),
except that the Committee may not disapprove of an election made by a
participant subject to Section 16 of the Exchange Act. No certificate
representing Common Stock shall be delivered until the full purchase price
therefor has been paid (or arrangement made for such payment to the Company's
satisfaction).

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     6. Miscellaneous Provisions.

     (a) Nontransferability. No option shall be transferable other than (i) by
will or the laws of descent and distribution or pursuant to beneficiary
designation procedures approved by the Company or (ii) as otherwise permitted as
set forth in the agreement relating to such option. Except to the extent
permitted by the foregoing sentence, each option may be exercised during the
participant's lifetime only by the participant or the participant's legal
representative or similar person. Except as permitted by the second preceding
sentence, no option shall be sold, transferred, assigned, pledged, hypothecated,
encumbered or otherwise disposed of (whether by operation of law or otherwise)
or be subject to execution, attachment or similar process. Upon any attempt to
so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of
any option, such option and all rights thereunder shall immediately become null
and void.

     (b) Adjustments. In the event of any stock split, stock dividend,
recapitalization, reorganization, merger, consolidation, combination, exchange
of shares, liquidation, spin-off or other similar change in capitalization or
event, or any distribution to holders of Common Stock other than a cash
dividend, the number and class of securities available under the Plan, the
maximum number of shares available for grants of options to any person, the
number and class of securities subject to each outstanding option and the
purchase price per security shall be appropriately adjusted by the Committee,
such adjustments to be made in the case of outstanding options without an
increase in the aggregate purchase price; provided, however, that in the event
of a cash dividend, other than a regular cash dividend, the Committee shall have
the discretion to make any or all of the foregoing adjustments. The decision of
the Committee regarding any such adjustment shall be final, binding and
conclusive. If any such adjustment would result in a fractional security being
(i) available under the Plan, such fractional security shall be disregarded, or
(ii) subject to an option, the Company shall pay the holder of such option, in
connection with the first exercise of such option in whole or in part after such
adjustment, an amount in cash determined by multiplying (1) the fraction of such
security (rounded to the nearest hundredth) by (2) the excess, if any, of (A)
the Market Value on the exercise date over (B) the exercise price of such
option.

     (c) Tax Withholding. The Company shall have the right to require, prior to
the issuance or delivery of any shares of Common Stock upon the exercise of an
option, payment by the holder of such option of any Federal, state, local or
other taxes which may be required to be withheld or paid in connection with the
exercise of such option. An agreement relating to an option may provide that (1)
the Company shall withhold cash or whole shares of Common Stock which would
otherwise be delivered upon exercise of the option having, in the case of Common
Stock, an aggregate Market Value determined as of the date the obligation to
withhold or pay taxes arises in connection with the exercise of such option (the
"Tax Date") in the amount necessary to satisfy any such obligation or (2) the
holder of the option may satisfy any such obligation by any of the following
means: (A) a cash payment to the Company, (B) a cash payment by a broker-dealer
acceptable to the Company to whom the optionee has submitted an irrevocable
notice of exercise, (C) delivery to the Company of previously owned whole shares
of Common Stock (for which the holder has good title, free and clear of all
liens and encumbrances) having an aggregate Market Value determined as of the
Tax Date, equal to the amount necessary to satisfy any such obligation, (D)
authorizing the Company to withhold whole shares of Common Stock which would
otherwise be delivered upon exercise of the option having an aggregate Market
Value determined as of the Tax Date, equal to the amount necessary to satisfy
any such obligation, (E) any combination of (A) and (C), in each case to the
extent set forth in the agreement relating to the option; provided, however,
that the Committee shall have sole discretion to disapprove of an election
pursuant to clauses (B) through (E), except that the Committee may not
disapprove of an election made by a participant subject to Section 16 of the
Exchange Act. Shares of Common Stock to be delivered or withheld may not have an
aggregate Market Value in excess of the minimum amount required to be withheld.
Any fraction of a share of Common Stock which would be required to satisfy such
an obligation shall be disregarded and the remaining amount due shall be paid in
cash by the holder.

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     (d) Listing and Legal Compliance. The Committee may suspend the exercise or
payment of any award if it determines that securities exchange listing or
registration or qualification under any securities laws is required in
connection therewith and has not been completed on terms acceptable to the
Committee

     (e) Beneficiary Designation. To the extent permitted by the Company,
participants may name, from time to time, beneficiaries (who may be named
contingently or successively) to whom benefits under the Plan are to be paid in
the event of their death before they receive any or all of such benefits. Each
designation will revoke all prior designations by the same participant, shall be
in a form prescribed by the Company, and will be effective only when filed by
the participant in writing with the Company during the participant's lifetime.
In the absence of any such designation, benefits remaining unpaid at a
participant's death shall be paid to the participant's estate.

     (f) Rights of Participants. Nothing in the Plan shall interfere with or
limit in any way the right of the Company or any Affiliate to terminate any
participant's employment at any time, nor confer upon any participant any right
to continue in the employ of the Company or any Affiliate for any period of time
or to continue his or her present or any other rate of compensation. No employee
shall have a right to be selected as a participant, or, having been so selected,
to be selected again as a participant.

     (g) Amendment. The Board of Directors, through a resolution adopted by
directors constituting at least seventy percent (70%) of the whole Board of
Directors, may amend the Plan as it shall deem advisable, subject to any
requirement of stockholder approval required by applicable law, rule or
regulation, including Section 162(m) of the Code. No amendment may impair the
rights of a holder of an outstanding option without the consent of such holder.

     7. Effective Date and Term of Plan. The Plan shall be submitted to the
stockholders of the Company for approval and, if approved by the affirmative
vote of a majority of the shares of Common Stock present in person or
represented by proxy at a meeting of stockholders, shall become effective on the
date of such approval. In the event that the Plan is not approved by the
stockholders of the Company, the Plan and any outstanding options shall be null
and void. The Plan shall terminate ten years after its effective date, unless
terminated earlier by the Board of Directors through a resolution adopted by
directors constituting at least seventy percent (70%) of the whole Board of
Directors. Termination of the Plan shall not affect the terms or conditions of
any award granted prior to termination.

As adopted by the Board of Directors on February 28, 2008

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