Letterhead of Thomas J. Plath]Termination Agreement and Release • July 27th, 2018 • International Paper Co /New/ • Paper mills
This Termination Agreement and Release (the “Agreement”) constitutes an agreement between you and International Paper Company (“IP” or the “Company’) on the terms of your separation from employment with us. To ease your transition and provided that you sign (and do not revoke) this Agreement as set out below, IP will provide a lump sum cash Termination Allowance and certain other benefits to you. We refer to the Termination Allowance and the other benefits collectively as the “Severance Benefits” throughout this Agreement. Exhibit 1 compares the benefits you receive if you sign the Agreement to those you receive if you choose not to sign the Agreement.
Letterhead of Thomas J. Plath]Non-Competition Agreement • July 27th, 2018 • International Paper Co /New/ • Paper mills
