Re: Change in Control Agreement Dear Andy:Control Agreement • July 26th, 2024 • International Paper Co /New/ • Paper mills • New York
International Paper Company (the "Company") considers the establishment and maintenance of sound and vital management essential to protecting and enhancing the best interests of the Company and its shareowners. The Company recognizes that the possibility of a Change in Control may exist and such possibility, and the uncertainty and questions which it may raise among senior management, may result in the departure or distraction of senior management to the detriment of the Company and its shareowners. Accordingly, the Company's Board of Directors (the “Board”) has determined that it is in the best interests of the shareowners and the Company to foster the continuous employment of senior management and reinforce and encourage the continued attention and dedication of members of the Company's senior management, including yourself, to their assigned duties without distraction in the face of a Change in Control of the Company.
TIME SHARING AGREEMENTTime Sharing Agreement • July 26th, 2024 • International Paper Co /New/ • Paper mills • Tennessee
This Time Sharing Agreement (the Agreement), is made and entered into this 1st day of May, 2024, by and between International Paper Company, a New York corporation (“Operator” or the “Company”), and Andrew K. Silvernail, chief executive officer of the Company, with a primary residence in Memphis, Tennessee (“User”).
