APPLETON PAPERS INC. ENHANCED SEVERANCE AGREEMENTEnhanced Severance Agreement • March 11th, 2011 • Paperweight Development Corp • Converted paper & paperboard prods (no contaners/boxes) • Wisconsin
AGREEMENT dated as of July 1, 2010, between Appleton Papers Inc. (the "Corporation") and Jeff Fletcher (the "Key Employee"). Unless otherwise indicated, terms used herein and defined in Schedule A shall have the meanings assigned to them in Schedule A.
CLARIFYING AMENDMENT TO APPLETON PAPERS INC. TERMINATION PROTECTION AGREEMENTTermination Protection Agreement • March 11th, 2011 • Paperweight Development Corp • Converted paper & paperboard prods (no contaners/boxes)
WHEREAS, it has come to the attention of the Corporation that the definition of a “change in control” appearing in the Appleton Papers Inc. Termination Protection Agreement (the “Agreement”), effective ______________, does not reflect the intention of the Corporation or the Executive, insofar as such definition would, in certain circumstances, fail to encompass a change in control by the Corporation’s corporate parent, but would, in certain circumstances, encompass an internal reorganization of the Corporation or its controlled group; and
THE EXECUTIVE NONQUALIFIED "EXCESS" PLAN ADOPTION AGREEMENTAdoption Agreement • March 11th, 2011 • Paperweight Development Corp • Converted paper & paperboard prods (no contaners/boxes)
WHEREAS, the provisions of the Plan are intended to comply with the requirements of Section 409A of the Code and the regulations thereunder and shall apply to amounts subject to section 409A; and
CLARIFYING AMENDMENT TO APPLETON PAPERS INC. TERMINATION PROTECTION AGREEMENTTermination Protection Agreement • March 11th, 2011 • Paperweight Development Corp • Converted paper & paperboard prods (no contaners/boxes)
WHEREAS, it has come to the attention of the Corporation that the definition of a “change in control” appearing in the Appleton Papers Inc. Termination Protection Agreement (the “Agreement”), effective April 1, 2010, does not reflect the intention of the Corporation or the Executive, insofar as such definition would, in certain circumstances, fail to encompass a change in control by the Corporation’s corporate parent, but would, in certain circumstances, encompass an internal reorganization of the Corporation or its controlled group; and
