August 27, 2002 Mr. Raymond W. Lane Executive Vice President MeadWestvaco Corporation Courthouse Plaza N.E. Dayton, Ohio 45463 Dear Ray:

Exhibit 10.2

								August 27, 2002

▇▇. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇

Executive Vice President

MeadWestvaco Corporation

▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇.▇.

▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇

Dear Ray:

This letter will serve to document our conversation about the terms and conditions surrounding your employment agreement dated January 1, 2000, as subsequently amended (the "Agreement"). The most recent amendment (dated August 28, 2001) was made in the context of the Merger between the ▇▇▇▇ Corporation and Westvaco Corporation and provides that your termination of employment for any reason will be treated as a "Good Reason" termination for an extended period due to expire in July of 2003.

You have expressed a desire to continue your employment with the Company beyond July of 2003, but do not wish to be disadvantaged by continuing to work past this date by foregoing payments that would otherwise be made to you if you terminated employment in calendar year 2002.

The purpose of this letter is to induce you to remain employed beyond July of 2003, by preserving certain benefit and pension payments under your Agreement and to set forth the calculation of certain payments and benefits payable upon your actual termination.

This letter sets forth our understanding. We have agreed that:

1. your termination of employment for any reason (including death), absent cause, shall continue to be treated as a "Good Reason" termination under Section 3 of the Agreement until you attain age sixty (60); provided that you notify the Company at least three (3) months in advance of your intention to terminate;
2. the value of the lump sum severance payment described in Section 4(d)(ii) of your Agreement is set forth on Exhibit I;

3. the value of the enhanced pension benefit payment (expressed as a lump sum) described in Section 4(d)(v) of your Agreement if you terminate employment before April 1, 2003, and if you terminate employment on or after April 1, 2003, is set forth on Exhibit II;

4. the aggregate qualified and non-qualified retirement benefits otherwise payable to you upon your termination of employment shall be no less than what you would have been entitled to receive (at your actual termination date) under the terms of the legacy ▇▇▇▇ Retirement Plan for Salaried Employees, the ▇▇▇▇ Corporation Section 415 Excess Benefit Plan, the ▇▇▇▇ Corporation Excess Earnings Benefit Plan and the ▇▇▇▇ Corporation Supplemental Executive Retirement Plan as in effect today, whether or not such plans are modified after the effective date of this amendment; and, where legally permissible the lump sum option shall continue to be available to you under such plans;

5. the Gross-Up Payment protection set forth in Section 4(e) of the Agreement shall continue to apply; and

6. for purposes of Section 4(d)(iv), you (and your dependents) shall be entitled to extended coverage under the Company's life insurance, dental and health insurance programs for a period of two and one-half (2  1/2) years following your actual termination of employment; health and dental coverage shall be offered to you subject to rates and cost-sharing provisions in effect for active employees. Thereafter, to the extent the Company continues to provide retiree health care coverage, you (and your spouse) will be eligible for such coverage subject to the program's terms and conditions as they apply to all retirees.

If you agree that this letter correctly sets forth our understanding on these matters, please sign, date and return one copy of this letter to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇, Senior Vice President and General Counsel.

Very truly yours,

/s/▇▇▇▇ ▇. ▇▇▇▇, ▇▇.

▇▇▇▇ ▇. ▇▇▇▇, ▇▇.

Chief Executive Officer and President

Agreed to and Accepted:

/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇

▇▇▇▇▇▇▇ ▇. ▇▇▇▇

Date: August 27, 2002

MeadWestvaco Corporation
Exhibit IIA--Enhanced Pension Benefit for ▇. ▇. ▇▇▇▇
If Exit Prior to April 1, 2003
	Retirement Age (years-months)				54-8
	Retirement Date				12/01/02
	Earnings for Additional Three Years
		Base Pay			$492,000.00
		Incentive			$322,200.00
					$814,200.00
					$
	Earnings			Year3	$814,200.00	*
				Year2	814,200.00	*
				Year1	814,200.00	*
	Final Average Earnings (3 years)				814,200.00
	x Accrual Rate				0.55
					447,810.00
	x Early Retirement Factor				0.8700	*
					389,594.70
	Benefit Offsets				Before Age 62		Age 62+
		Qualified Plan Benefit			25,954.37		25,954.37
		Excess Plan Benefit			58,788.01		58,788.01
		.5 x Social Security at age 62			0.00		8,556.00
		Other Non-▇▇▇▇ Plans			0.00	**	0.00	**
					84,742.38		93,298.38
	Annual Benefit after Offsets				304,852.32		296,296.32
	Flat Annual Benefit for Lump Sum				297,547.53
	Lump Sum Factor				14.0619	***
	Lump Sum before SERP Offset				4,184,083.54
	Offset SERP Lump Sum				1,446,138.11	***
	Enhanced Pension Benefit				2,737,945.43
* Calculated assuming an additional 3 years of age.
** The SERP benefit will be reduced by any employer-funded qualified plan benefits earned
under a previous employer's defined benefit plan.
*** Based on the 1994 Group Annuity Mortality Table blended 50% male / 50% female
using a 5.39% interest rate.

MeadWestvaco Corporation
Exhibit IIB--Enhanced Pension Benefit for ▇. ▇. ▇▇▇▇
If Exit After to March 31, 2003
	Retirement Age (years-months)				55-0
	Retirement Date				04/01/03
	Earnings for Additional Three Years
		Base Pay			$492,000.00
		Incentive			$322,200.00
					$814,200.00
					$
	Earnings			Year3	$814,200.00	*
				Year2	814,200.00	*
				Year1	814,200.00	*
	Final Average Earnings (3 years)				814,200.00
	x Accrual Rate				0.55
					447,810.00
	x Early Retirement Factor				0.8800	*
					394,072.80
	Benefit Offsets				Before Age 62		Age 62+
		Qualified Plan Benefit			42,026.00		42,026.00
		Excess Plan Benefit			97,278.22		97,278.22
		.5 x Social Security at age 62			0.00		8,850.00
		Other Non-▇▇▇▇ Plans			0.00	**	0.00	**
					139,304.22		148,154.22
	Annual Benefit after Offsets				254,768.58		245,918.58
	Flat Annual Benefit for Lump Sum				250,258.05
	Lump Sum Factor				13.8299	***
	Lump Sum before SERP Offset				3,461,043.87
	Offset SERP Lump Sum				1,895,148.81	***
	Enhanced Pension Benefit				1,565,895.06
* Calculated assuming an additional 3 years of age.
** The SERP benefit will be reduced by any employer-funded qualified plan benefits earned
under a previous employer's defined benefit plan.
*** Based on the 1994 Group Annuity Mortality Table blended 50% male / 50% female
using a 5.50% interest rate.