EMPLOYMENT AGREEMENTEmployment Agreement • March 16th, 2005 • Meadwestvaco Corp • Paper mills • Delaware
AGREEMENT by and between MeadWestvaco Corporation, a Delaware corporation (the “Company”) and E. Mark Rajkowski (the “Executive”), dated as of the 30th day of September 2004.
CREDIT AGREEMENT dated as of December 1, 2004 among MEADWESTVACO CORPORATION, the banks and financial institutions listed on the signature pages hereof, THE BANK OF NEW YORK, as Administrative Agent, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION and...Credit Agreement • March 16th, 2005 • Meadwestvaco Corp • Paper mills • New York
Changes in the Applicable Percentage resulting from a change in the Pricing Level shall become effective on the effective date of any change in the Senior Unsecured Debt Rating from S&P or Moody’s, as the case may be. Notwithstanding anything herein to the contrary, in the event that (A) two Pricing Levels would otherwise apply at any one time and (i) such Pricing Levels are adjacent to one another, the higher Pricing Level shall be the applicable Pricing Level, and (ii) such Pricing Levels are not adjacent to one another, the Pricing Level that is one Pricing Level below the higher of such two Pricing Levels shall be the applicable Pricing Level, (B) either S&P or Moody’s (but not both) shall no longer issue a rating for the Borrower’s senior unsecured non-credit enhanced long term debt, the applicable Pricing Level shall be determined by the remaining Senior Unsecured Debt Rating, provided that in the event the Borrower’s Senior Unsecured Debt Rating is BBB- or Baa3, Pricing Level VI
