Exhibit 10.1
EMPLOYMENT AGREEMENT
     This Employment Agreement (this “Agreement”) is entered into as of
January 12, 2007, to be effective as of January 22, 2007 (the “Effective Date”)
between BLUELINX CORPORATION, a Georgia corporation (the “Company”), and Lynn
Wentworth (“Executive”).
RECITALS:
     WHEREAS, the Company desires to employ Executive as the Senior Vice
President, Chief Financial Officer and Treasurer of the Company, and Executive
desires to accept employment as the Senior Vice President, Chief Financial
Officer and Treasurer of the Company; and
     WHEREAS, as of the Effective Date, the Company shall employ Executive on
the terms and conditions set forth in this Agreement, and Executive shall be
retained and employed by the Company to perform such services under the terms
and conditions of this Agreement;
     NOW, THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:
     1. Certain Definitions. Certain words or phrases with initial capital
letters not otherwise defined herein are to have the meanings set forth in
paragraph 8.
     2. Employment. The Company shall employ Executive, and Executive accepts
employment with the Company, as of the Effective Date, upon the terms and
conditions set forth in this Agreement for the period beginning on the Effective
Date and ending as provided in paragraph 5 (the “Employment Period”).
     3. Position and Duties.
          (a) During the Employment Period, Executive shall serve as the Senior
Vice President, Chief Financial Officer and Treasurer of the Company and
BlueLinx Holdings Inc. (“BHI”) and shall have the normal duties,
responsibilities and authority of an executive serving in such position, subject
to the power of the Board of Directors of the Company (the “Company Board”) and
the Board of Directors of BHI (the “BHI Board”), to provide oversight and
direction with respect to such duties, responsibilities and authority, either
generally or in specific instances. The Executive also shall hold similar
titles, offices and authority with BHI’s direct and indirect subsidiaries, as
requested by the BHI Board from time to time, subject to the oversight and
direction of the respective boards of directors of such entities.
          (b) During the Employment Period, Executive shall devote Executive’s
reasonable best efforts and Executive’s full professional time and attention
(except for permitted vacation periods and reasonable periods of illness or
other incapacity) to the Business and affairs of the Company, BHI and their
respective subsidiaries and affiliates. Executive shall perform Executive’s
duties and responsibilities to the best of Executive’s abilities in a diligent,

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trustworthy and business-like manner. During the Employment Period, Executive
shall not serve as a director or a principal of another company or any
charitable or civic organization without the Board’s prior consent.
Notwithstanding the foregoing, during the Employment Period, Executive may
(i) serve as a member of the board of directors of the Community Foundation of
Greater Atlanta and the Emory Board of Visitors, and (ii) render charitable and
civic services, so long as the Executive’s service on such boards or directors
and such charitable and civic services do not materially interfere with
Executive’s ability to discharge his or her duties hereunder.
          (c) Executive shall perform Executive’s duties and responsibilities
with his or her principal office located in the Atlanta, Georgia metropolitan
area.
     4. Compensation and Benefits.
          (a) Signing Bonus and Stock Options. Contemporaneously with the
execution hereof, the Compensation Committee of the BHI Board has granted
Executive:
               (i) 10,000 shares of restricted stock of BHI, which shall vest
over a one year period commencing on the Effective Date; and
               (ii) stock options with respect to 100,000 shares of the common
stock of BHI, which shall vest in annual increments of 20% over a five year
period, all in accordance with a stock option agreement in the form attached
hereto as Exhibit A.
          (b) Salary. The Company agrees to pay Executive a salary during the
Employment Period in installments based on the Company’s payroll practices as
may be in effect from time to time. The Executive’s salary shall be at the rate
of $400,000 per year prorated for the portion of a year during which Executive
is employed pursuant to this Agreement (as in effect from time to time, “Base
Salary”). The Base Salary shall be reviewed at least annually. As a result of
such review, the Executive’s Base Salary may be increased, but not decreased.
          (c) Annual Bonus and Long Term Incentive Compensation.
               (i) Executive shall be eligible to receive an annual bonus, with
the annual bonus potential to be between 60% of Base Salary (i.e., 60% upon
achievement of annual “target” performance goals) and a maximum of 120% of Base
Salary (i.e., 120% upon achievement of annual “maximum” performance goals), with
the “target” and “maximum” based upon satisfaction of performance goals and
bonus criteria to be defined and approved by the Compensation Committee of the
BHI Board in advance for each fiscal year (the “Target Bonus”). The Company
shall pay any such annual bonus earned to Executive in accordance with the terms
of the applicable bonus plan.
               (ii) For fiscal year 2007, notwithstanding whether the
performance goals for fiscal 2007 are satisfied in accordance with subparagraph
4(c)(i) above, Executive shall be entitled to receive a minimum bonus equal to
60% of Base Salary, prorated based on the number of days actually employed
during fiscal year 2007 if Executive is not employed for such full fiscal year
(the “Contractual Bonus”). To the extent that Executive is entitled to a bonus
payment under subparagraph 4(c)(i), the Contractual Bonus shall constitute a
portion of, and shall not be in addition to, the amounts so payable to
Executive. The Contractual Bonus shall be

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payable to the Executive no later than two and one-half months following the
close of fiscal year 2007.
               (iii) For fiscal year 2007, 2008 and 2009, Executive is entitled
to receive a targeted compensation amount equivalent to $400,000, as so
determined by the Compensation Committee of the BHI Board, payable in the form
of awards of stock options and/or shares of restricted stock under the BHI’s
long term equity incentive plan as then in effect, all on such terms and
conditions as the Compensation Committee of the BHI Board shall determine in
accordance with the provisions of such plan. Such bonus award shall be subject
to such time and performance-based vesting conditions as are established by the
Compensation Committee of the BHI Board.
          (d) Expense Reimbursement. The Company shall reimburse Executive for
all reasonable expenses incurred by Executive during the Employment Period in
the course of performing Executive’s duties under this Agreement in accordance
with the Company’s policies applicable to senior executives in effect from time
to time with respect to travel, entertainment and other business expenses, and
subject to the Company’s requirements applicable generally with respect to
reporting and documentation of such expenses. In order to be entitled to expense
reimbursement, the Executive must be employed as Senior Vice President, Chief
Financial Officer and Treasurer on the date the Executive incurred the expense.
          (e) Standard Executive Benefits Package. Executive is entitled during
the Employment Period to participate, on the same basis as the Company’s other
senior executives, in the Company’s Standard Executive Benefits Package. The
Company’s “Standard Executive Benefits Package” means those benefits (including
insurance, vacation and other benefits, but excluding, except as hereinafter
provided in paragraph 6, any severance pay program or policy of the Company) for
which substantially all of the executives of the Company are from time to time
generally eligible, as determined from time to time by the Board. A summary of
such benefits available to Executive as in effect on the date of this Agreement
is attached hereto as Exhibit B.
          (f) Additional Compensation/Benefits. The Compensation Committee of
the BHI Board, in its sole discretion, will determine any compensation or
benefits to be provided to Executive during the Employment Period other than as
set forth in this Agreement, including, without limitation, any future grant of
stock options or other equity awards.
          (g) Disgorgement of Compensation. If BHI or the Company is required to
prepare an accounting restatement due to material noncompliance by BHI or the
Company, as a result of misconduct, with any financial reporting requirement
under the federal securities laws, to the extent required by law Executive will
reimburse the Company for (i) any bonus or other incentive-based or equity-based
compensation received by Executive from the Company (including such compensation
payable in accordance with this paragraph 4 and paragraph 6) during the 12-month
period following the first public issuance or filing with the Securities and
Exchange Commission (whichever first occurs) of the financial document embodying
that financial reporting requirement; and (ii) any profits realized by Executive
from the sale of BHI’s securities during that 12-month period.

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     5. Employment Period.
          (a) Subject to subparagraph 5(b), the Employment Period will commence
on the Effective Date and will continue until, and will end upon, December 31,
2009 (the “Renewal Date”); except that on the Renewal Date, unless either party
shall have given the other 30-days’ written notice otherwise, the Employment
Period will be extended automatically for one additional year.
          (b) Notwithstanding subparagraph 5(a), the Employment Period will end
upon the first to occur of any of the following events: (i) Executive’s death;
(ii) the Company’s termination of Executive’s employment on account of
Disability; (iii) the Company’s termination of Executive’s employment for Cause
(a “Termination for Cause”); (iv) the Company’s termination of Executive’s
employment without Cause (a “Termination without Cause”); (v) Executive’s
termination of Executive’s employment for Good Reason (a “Termination for Good
Reason”); or (vi) Executive’s termination of Executive’s employment for any
reason other than Good Reason (a “Voluntary Termination”).
          (c) Any termination of Executive’s employment under subparagraph 5(b)
(other than 5(b)(i)) must be communicated by a Notice of Termination delivered
by the Company or Executive, as the case may be, to the other party.
          (d) Executive will be deemed to have waived any right to a Termination
for Good Reason based on the occurrence or existence of a particular event or
circumstance constituting Good Reason unless Executive delivers a Notice of
Termination within 90 days from the date Executive first became aware of the
event or circumstance.
     6. Post-Employment Period Payments.
          (a) At the Date of Termination, regardless of the reason for
termination of employment, Executive will be entitled to (i) any Base Salary
that has accrued but is unpaid, any annual bonus that has been earned for the
fiscal year prior to the year in which the Date of Termination occurs, but is
unpaid, any reimbursable expenses that have been incurred but are unpaid, and
any unexpired vacation days that have accrued under the Company’s vacation
policy but are unused, as of the end of the Employment Period, which amount
shall be paid in a lump sum in cash within 30 days of the Date of Termination,
(ii) any plan benefits that by their terms extend beyond termination of
Executive’s employment (but only to the extent provided in any such benefit plan
in which Executive has participated as a Company employee and excluding, except
as hereinafter provided in paragraph 6, any Company severance pay program or
policy) and (iii) any benefits to which Executive is entitled in accordance with
Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act
of 1974, as amended (“COBRA”). Except as specifically described in this
subparagraph 6(a) and in the succeeding subparagraphs of this paragraph 6 (under
the circumstances described in those succeeding subparagraphs), from and after
the Date of Termination Executive shall cease to have any rights to salary,
bonus, expense reimbursements or other benefits from the Company, BHI or any of
their subsidiaries or affiliates.

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          (b) If Executive’s employment terminates on account of Executive’s
death, Disability, Voluntary Termination, Termination for Cause or the end of
the Employment Period in accordance with subparagraph 5(a) due to the Executive
giving the Company written notice of nonrenewal, the Company will make no
further payments to Executive except as contemplated in subparagraph 6(a).
          (c) If Executive’s employment terminates on account of a Termination
without Cause, a Termination for Good Reason, or the end of the Employment
Period in accordance with subparagraph 5(a) due to the Company giving the
Executive written notice of nonrenewal, Executive shall be entitled to the
following:

(1)   payment equal to two (2) times the Executive’s annual Base Salary in
effect immediately prior to the Date of Termination, plus two (2) times the cash
bonus amount received by the Executive for the fiscal year prior to the year of
the termination of Executive’s employment or if the termination occurs within
the first year of the Executive’s employment with the Company, a cash bonus
equal to the Target Bonus set forth in clause (iii) of subparagraph 4(c) hereof,
payable in twenty-four equal monthly installments commencing six months after
the Date of Termination;   (2)   if the termination occurs within the first year
of the Executive’s employment with the Company, the 10,000 shares of restricted
stock issued upon Executive’s hiring shall immediately vest;   (3)   a lump sum
payment, payable six months after the Date of Termination, in cash in an amount
equal to the contributions the Company would have made (excluding any salary
reduction contributions pursuant to an election of the Executive) for the
benefit of the Executive to the Company’s qualified salaried 401(k) plan (if the
Company is making matching contributions or other contributions to the salaried
401(k) plan at the time of the Executive’s termination), assuming (i) the
Executive continued as an employee of the Company for a period of one year
beginning on the Executive’s Date of Termination, and (ii) the Executive during
such period contributed six percent of his or her base salary (as in effect
immediately prior to the Date of Termination) to the 401(k) plan;   (4)  
continued participation in the Company’s medical and dental plans, on the same
basis as active employees participate in such plans, until the earlier of
(i) Executive’s eligibility for any such coverage under another employer’s or
any other medical or dental insurance plans or (ii) the first anniversary of the
Date of Termination; except that in the event that participation in any such
plan is barred, the Company shall reimburse Executive on a monthly basis for any
premiums paid by Executive to obtain benefits (for Executive and his or her
dependents) equivalent to the benefits he is entitled to receive under the
Company’s benefit plans. Executive agrees that the period of coverage under such
plans (or the period of reimbursement if participation is barred) shall count
against the plans’ obligation to provide continuation coverage pursuant to
COBRA;   (5)   up to $25,000 in aggregate outplacement services to be used
within one year of the Date of Termination, the scope and provider of which
shall be selected by Executive in his or her or her sole discretion; and

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(6)   to the extent not theretofore paid or provided, any other amounts or
benefits required to be paid or provided or which the Executive is eligible to
receive under any plan, program, policy or practice or contract or agreement of
the Company (such other amounts and benefits shall be hereinafter referred to as
the “Other Benefits”).

          (d) The Company shall have no obligation to make any payments in
accordance with subparagraph 6(c) if Executive declines to sign and return a
Release Agreement or revokes the Release Agreement within the time provided in
the Release Agreement. In no event shall the Release Agreement release any claim
for indemnification by the Company or amounts and benefits set forth in
subparagraph 6(a) hereof.
          (e) Executive is not required to mitigate the amount of any payment or
benefit provided for in this Agreement by seeking other employment or otherwise.
     7. Competitive Activity; Confidentiality; Non-solicitation.
          (a) Confidential Information.
               (i) The Executive shall hold in a fiduciary capacity for the
benefit of the Company and BHI all secret or confidential information, knowledge
or data relating to the Company, BHI or any of their respective subsidiaries and
affiliates, and their respective businesses, which shall have been (i) obtained
by the Executive during the Executive’s employment by the Company, BHI or any of
their respective subsidiaries and affiliates or (ii) acquired by the Company,
BHI or any of their respective subsidiaries and affiliates from Georgia-Pacific
Corporation, and which shall not be or become public knowledge (other than by
acts by the Executive or representatives of the Executive in violation of this
Agreement) (“Confidential Information”). After termination of the Executive’s
employment with the Company, the Executive shall not, without the prior written
consent of the Company or BHI or as may otherwise be required by law or legal
process, communicate or divulge any such information, knowledge or data to
anyone other than the Company and those designated by it.
               (ii) All files, records, documents, drawings, specifications,
data, computer programs, customer or vendor lists, specific customer or vendor
information, marketing techniques, business strategies, contract terms, pricing
terms, discounts and management compensation of the Company, BHI or any of their
respective subsidiaries and affiliates, whether prepared by the Executive or
otherwise coming into the Executive’s possession, shall remain the exclusive
property of the Company, BHI or any of their respective subsidiaries and
affiliates, and the Executive shall not remove any such items from the premises
of the Company, BHI or any of their respective subsidiaries and affiliates,
except in furtherance of the Executive’s duties.
               (iii) It is understood that while employed by the Company, the
Executive will promptly disclose to the Company, and assign to the Company the
Executive’s interest in any invention, improvement or discovery made or
conceived by the Executive, either alone or jointly with others, which arises
out of the Executive’s employment. At the Company’s request and expense, the
Executive will reasonably assist the Company, BHI or any of their respective
subsidiaries and affiliates during the period of the Executive’s employment by
the

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Company and thereafter in connection with any controversy or legal proceeding
relating to such invention, improvement or discovery and in obtaining domestic
and foreign patent or other protection covering the same.
               (iv) As requested by the Company and at the Company’s expense,
from time to time and upon the termination of the Executive’s employment with
the Company for any reason, the Executive will promptly deliver to the Company,
BHI or any of their respective subsidiaries and affiliates all copies and
embodiments, in whatever form, of all Confidential Information in the
Executive’s possession or within his or her control (including, but not limited
to, memoranda, records, notes, plans, photographs, manuals, notebooks,
documentation, program listings, flow charts, magnetic media, disks, diskettes,
tapes and all other materials containing any Confidential Information)
irrespective of the location or form of such material. If requested by the
Company, the Executive will provide the Company with written confirmation that
all such materials have been delivered to the Company as provided herein.
          (b) Non-Solicitation. During his or her employment with the Company
and for a period of eighteen (18) months following the termination of the
Executive’s employment for any reason, the Executive shall not solicit or
attempt to solicit, (a) any party who is a customer of the Company, BHI or any
of their respective subsidiaries and affiliates with whom the Executive had
material contact within the eighteen (18) month period prior to the termination
of the Executive’s employment, for the purpose of marketing, selling or
providing to any such party any services or products offered by the Company, BHI
or any of their respective subsidiaries and affiliates to such customer other
than general solicitations to the public and not directed specifically at a
customer of the Company, (b) any party who is a vendor of the Company, BHI or
any of their respective subsidiaries and affiliates with whom the Executive had
material contact within the eighteen (18) month period prior to the termination
of the Executive’s employment to sell similar products or (c) any employee of
the Company, BHI or any of their respective subsidiaries and affiliates with
whom the Executive had material contact within the eighteen (18) month period
prior to the termination of the Executive’s employment, to terminate such
employee’s employment relationship with the Company, BHI and any of their
respective subsidiaries and affiliates in order, in either case, to enter into a
similar relationship with the Executive, or any other person or any entity in
competition with the Company, BHI or any of their respective subsidiaries and
affiliates (other than with respect to general employment solicitations to the
public and not directed specifically at employees of the Company, BHI and any of
their respective subsidiaries and affiliates).
          (c) Non-Competition. During Executive’s employment by the Company and
for a period of eighteen (18) months following the termination of the
Executive’s employment for any reason, the Executive shall not, whether
individually, as a director, manager, member, stockholder, partner, owner,
employee, consultant or agent of any business, or in any other capacity, other
than on behalf of the Company, BHI or any of their respective subsidiaries and
affiliates, organize, establish, own, operate, manage, control, engage in,
participate in, invest in, permit his or her name to be used by, act as a
consultant or advisor to, render services for (alone or in association with any
person, firm, corporation or business organization), or otherwise assist any
person or entity that engages in or owns, invests in, operates, manages or
controls any venture or enterprise which engages or proposes to engage in the
building products distribution business in the United States or Canada (the
“Business”). Notwithstanding the foregoing,

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nothing in this Agreement shall prevent the Executive from owning for passive
investment purposes not intended to circumvent this Agreement, less than five
percent (5%) of the publicly traded voting securities of any company engaged in
the Business (so long as the Executive has no power to manage, operate, advise,
consult with or control the competing enterprise and no power, alone or in
conjunction with other affiliated parties, to select a director, manager,
general partner, or similar governing official of the competing enterprise other
than in connection with the normal and customary voting powers afforded the
Executive in connection with any permissible equity ownership).
          (d) Remedies; Specific Performance. The parties acknowledge and agree
that the Executive’s breach or threatened breach of any of the restrictions set
forth in this paragraph 7 will result in irreparable and continuing damage to
the Company, BHI and their respective subsidiaries and affiliates for which
there may be no adequate remedy at law and that the Company and BHI shall be
entitled to equitable relief, including specific performance and injunctive
relief as remedies for any such breach or threatened or attempted breach. The
Executive hereby consents to the grant of an injunction (temporary or otherwise)
against the Executive or the entry of any other court order against the
Executive prohibiting and enjoining him from violating, or directing him to
comply with any provision of this paragraph 7. The Executive also agrees that
such remedies shall be in addition to any and all remedies, including damages,
available to the Company and BHI against him for such breaches or threatened or
attempted breaches. In addition, without limiting the remedies of the Company
and BHI for any breach of any restriction on the Executive set forth in this
paragraph 7, except as required by law, the Executive shall not be entitled to
any payments set forth in paragraph 6 hereof if the Executive materially
breaches the covenant applicable to the Executive contained in this paragraph 7
and the Company, BHI and their respective subsidiaries and affiliates will have
no obligation to pay any of the amounts that remain payable by the Company under
paragraph 6.
          (e) Communication of Contents of Agreement. During Executive’s
employment and for eighteen (18) months thereafter, Executive will communicate
his or her obligations under this paragraph 7 to any person, firm, association,
partnership, corporation or other entity which Executive intends to be employed
by, associated with, or represent.
          (f) The existence of any claim, demand, action or cause of action of
Executive against the Company, whether predicated upon this Agreement or
otherwise, is not to constitute a defense to the Company’s enforcement of any of
the covenants or agreements contained in paragraph 7. The Company’s rights under
this Agreement are in addition to, and not in lieu of, all other rights the
Company may have at law or in equity to protect its confidential information,
trade secrets and other proprietary interests.
          (g) Extension. If a court of competent jurisdiction finally determines
that Executive has violated any of Executive’s obligations under this paragraph
7, then the period applicable to those obligations is to automatically be
extended by a period of time equal in length to the period during which those
violations occurred.
     8. Definitions.
          (a) “Cause” means, as determined by the BHI Board in good faith:

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               (i) a material breach of the duties and responsibilities of
Executive, which has not ceased within ten (10) business days after a written
demand for substantial performance is delivered to the Executive by the Company,
which demand identifies with particularity the manner in which the Company
believes that the Executive has materially breached such duties and
responsibilities;
               (ii) Executive’s (x) conviction of or plea of nolo contendere to
a felony or (y) conviction of or plea of nolo contendere to any misdemeanor
involving willful misconduct (other than minor violations such as traffic
violations) if such misdemeanor causes material damage to the property, business
or reputation of BHI or the Company;
               (iii) acts of dishonesty by Executive resulting or intending to
result in personal gain or enrichment at the expense of the Company, BHI or
their respective subsidiaries and affiliates;
               (iv) Executive’s material breach of any provision of this
Agreement, which has not ceased within ten (10) business days after a written
demand for substantial performance is delivered to the Executive by the Company,
which demand identifies with particularity the provision of this Agreement which
the Executive has materially breached and the circumstances giving rise to such
breach;
               (v) Executive’s failure to follow the lawful written directions
of the Company Board or the BHI Board, which has not ceased within ten
(10) business days after a written demand for substantial performance is
delivered to the Executive by the Company, which demand identifies with
particularity written directions which the Company believes that the Executive
has not followed;
               (vi) conduct by Executive in connection with his or her duties
hereunder that is fraudulent, unlawful or willful and materially injurious to
the Company, BHI or their respective subsidiaries and affiliates;
               (vii) Executive’s engagement in habitual insobriety or the use of
illegal drugs or substances;
               (viii) Executive’s failure to cooperate fully, or failure to
direct the persons under Executive’s management or direction, or employed by, or
consultants or agents to, the Company (or its subsidiaries and affiliates) to
cooperate fully, with all corporate investigations or independent investigations
by the Board or the BHI Board, all governmental investigations of the Company or
its subsidiaries and affiliates, and all orders involving Executive or the
Company (or its subsidiaries and affiliates) entered by a court of competent
jurisdiction, which has not ceased within ten (10) business days after a written
demand is delivered to the Executive by the Company, which demand identifies
with particularity the manner in which the Company believes that the Executive
failed to cooperate or to direct such others to cooperate;
               (ix) Executive’s material and willful violation of BHI’s Code of
Conduct (including as applicable to senior financial officers), or any successor
codes;

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               (x) Executive’s engagement in activities prohibited by paragraph
7; or
               (xi) Notwithstanding the foregoing, no termination of the
Executive’s employment shall be for “Cause” until (i) there shall have been
delivered to the Executive a copy of a written notice setting forth the basis
for such termination in reasonable detail, and (ii) the Executive shall have
been provided an opportunity to be heard in person by the Board (with the
assistance of the Executive’s counsel if the Executive so desires). No act, or
failure to act, on the Executive’s part shall be considered “willful” unless the
Executive has acted or failed to act with a lack of good faith and with a lack
of reasonable belief that the Executive’s action or failure to act was in the
best interests of the Company. Any act, or failure to act, based upon authority
given pursuant to a resolution duly adopted by the BHI Board or the Company
Board or based upon the advice of counsel for BHI or the Company shall be
conclusively presumed to be done, or omitted to be done, by the Executive in
good faith and in the best interests of the Company. Any termination of the
Executive’s employment by the Company hereunder shall be deemed to be a
termination other than for Cause unless it meets all requirements of this
Section 8(a)(xi).
          (b) “Date of Termination” means (i) if Executive’s employment is
terminated by the Company for Disability, 30 days after the Company gives Notice
of Termination to Executive (provided that Executive has not returned to the
performance of Executive’s duties on a full-time basis during this 30-day
period), (ii) if Executive’s employment is terminated by Executive for Good
Reason, the date specified in the Notice of Termination (but in no event prior
to 30 days following the delivery of the Notice of Termination), and (iii) if
Executive’s employment is terminated by the Company for any other reason, the
date on which a Notice of Termination is given; except that if within 30 days
after any Notice of Termination is given to Executive by the Company, Executive
notifies the Company that a dispute exists concerning the termination, the Date
of Termination is to be the date the dispute is finally determined, whether by
mutual written agreement of the parties or upon final judgment, order or decree
of a court of competent jurisdiction (the time for appeal thereof having expired
and no appeal having been perfected).
          (c) “Disability” means the determination by the Company, in accordance
with applicable law, based on information provided by a physician selected by
the Company or its insurers and reasonably acceptable to Executive or
Executive’s legal representative that, as a result of a physical or mental
injury or illness, Executive has been unable to perform the essential functions
of his or her job with or without reasonable accommodation for a period of
(i) 90 consecutive days or (ii) 180 days in any one-year period.
          (d) “Good Reason” means, without the consent of Executive, (A) the
assignment to Executive of any duties inconsistent in any material adverse
respect with Executive’s position (including offices, titles and reporting
requirements), authority, duties or responsibilities immediately following the
Effective Date, or any other action by the Company which results in a material
diminution in such position, authority, duties or responsibilities; (B) a
reduction by the Company in Executive’s Base Salary, bonus opportunity or
benefits, other than pursuant to a reduction generally applicable to senior
executives of the Company; (C) the Company’s requiring Executive to be based at
any office or location outside of the metropolitan area of Atlanta, Georgia; or
(D) any failure by the Company to comply with and satisfy the requirements for
any assignment of its rights and obligations under paragraph 13. “Good

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Reason” shall not include for purposes of (A) through (D) an isolated,
insubstantial and inadvertent action not taken in bad faith which is remedied by
the Company within ten (10) business days after receipt of notice thereof given
by Executive.
          (e) “Notice of Termination” means a written notice that indicates
those specific termination provisions in this Agreement relied upon and that
sets forth in reasonable detail the facts and circumstances claimed to provide a
basis for termination of Executive’s employment under the provision so
indicated. For purposes of this Agreement, no purported termination by either
party is to be effective without a Notice of Termination.
          (f) “Release Agreement” means an agreement, substantially in a form
approved by the Company, pursuant to which Executive releases all current or
future claims, known or unknown, arising on or before the date of the release
against the Company, its subsidiaries and its officers which relate to the
Executive’s employment by the Company.
          (g) “Standard Executive Benefits Package” means those benefits
(including, without limitation, retirement, insurance and other welfare
benefits, but excluding, except as provided in paragraph 6, any severance pay
program or policy of the Company) for which substantially all of the Company’s
senior executives are from time to time generally eligible, as determined from
time to time by the Board.
     9. Executive Representations. Executive represents to the Company that
(a) the execution, delivery and performance of this Agreement by Executive does
not and will not conflict with, breach, violate or cause a default under any
contract, agreement, instrument, order, judgment or decree to which Executive is
a party or by which Executive is bound, (b) Executive is not a party to or bound
by any employment agreement, noncompete agreement or confidentiality agreement
with any other person or entity and (c) upon the execution and delivery of this
Agreement by the Company, this Agreement will be the valid and binding
obligation of Executive, enforceable in accordance with its terms.
     10. Withholding of Taxes. The Company shall withhold from any amounts
payable under this Agreement all federal, state, city or other taxes that the
Company is required to withhold under any applicable law, regulation or ruling.
     11. American Jobs Creation Act. Notwithstanding anything to the contrary in
this Agreement, in the event that it is determined that any payment to be made
under this Agreement is considered “nonqualified deferred compensation” subject
to Section 409A of the American Jobs Creation Act of 2004, such payment will be
delayed for six months following the Date of Termination; provided, however,
that the parties believe that amounts payable pursuant to Sections 6(c)(3) and
6(c)(4) will not constitute nonqualified deferred compensation so long as final
Regulations ultimately promulgated pursuant to Section 409A of the Internal
Revenue Code contain provisions substantively equivalent to the provisions of
Section 1.409A-1(b)(9) of the proposed Regulations published by the Department
of the Treasury on October 4, 2005 with respect to Section 409A.
     12. Excess Parachute Payments.

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          (a) In the event that it shall be determined, based upon the advice of
the independent public accountants for BHI or the Company (the “Accountants”),
that any payment, benefit or distribution by the Company, BHI or any of their
respective subsidiaries or affiliates (a “Payment”) constitute “parachute
payments” under Section 280G(b)(2) of the Code, as amended, then, if the
aggregate present value of all such Payments (collectively, the “Parachute
Amount”) exceeds 2.99 times the Executive’s “base amount”, as defined in
Section 280G(b)(3) of the Code (the “Executive Base Amount”), the amounts
constituting “parachute payments” which would otherwise be payable to or for the
benefit of Executive shall be reduced to the extent necessary so that the
Parachute Amount is equal to 2.99 times the Executive Base Amount (the “Reduced
Amount”); provided that such amounts shall not be so reduced if the Executive
determines, based upon the advice of the Accountants, that without such
reduction Executive would be entitled to receive and retain, on a net after tax
basis (including, without limitation, any excise taxes payable under
Section 4999 of the Code), an amount which is greater than the amount, on a net
after tax basis, that the Executive would be entitled to retain upon his or her
receipt of the Reduced Amount.
          (b) If the determination made pursuant to clause (a) of this paragraph
9 results in a reduction of the payments that would otherwise be paid to
Executive except for the application of clause (a) of this paragraph 9,
Executive may then elect, in his or her sole discretion, which and how much of
any particular entitlement shall be eliminated or reduced and shall advise the
Company in writing of his or her election within ten days of the determination
of the reduction in payments. If no such election is made by Executive within
such ten-day period, the Company may elect which and how much of any entitlement
shall be eliminated or reduced and shall notify Executive promptly of such
election.
          (c) As a result of the uncertainty in the application of Section 280G
of the Code at the time of a determination hereunder, it is possible that
payments will be made by the Company which should not have been made under
clause (a) of this paragraph 12 (“Overpayment”) or that additional payments
which are not made by the Company pursuant to clause (a) of this paragraph 12
should have been made (“Underpayment”). In the event that there is a final
determination by the Internal Revenue Service, or a final determination by a
court of competent jurisdiction, that an Overpayment has been made, any such
Overpayment shall be repaid by Executive to the Company together with interest
at the applicable Federal rate provided for in Section 7872(f)(2) of the Code.
In the event that there is a final determination by the Internal Revenue
Service, a final determination by a court of competent jurisdiction or a change
in the provisions of the Code or regulations pursuant to which an Underpayment
arises, any such Underpayment shall be promptly paid by the Company to or for
the benefit of Executive, together with interest at the applicable Federal rate
provided for in Section 7872(f)(2) of the Code.
     13. Successors and Assigns. This Agreement is to bind and inure to the
benefit of and be enforceable by Executive, the Company and their respective
heirs, executors, personal representatives, successors and assigns, except that
neither party may assign any rights or delegate any obligations hereunder
without the prior written consent of the other party. Executive hereby consents
to the assignment by the Company of all of its rights and obligations under this
Agreement to any successor to the Company by merger or consolidation or purchase
of all or substantially all of the Company’s assets, provided that the
transferee or successor

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assumes the Company’s liabilities under this Agreement by agreement in form and
substance reasonably satisfactory to Executive.
     14. Survival. Subject to any limits on applicability contained therein,
paragraph 7 will survive and continue in full force in accordance with its terms
notwithstanding any termination of the Employment Period.
     15. Choice of Law. This Agreement is to be governed by the internal law,
and not the laws of conflicts, of the State of New York.
     16. Severability. Whenever possible, each provision of this Agreement is to
be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any
jurisdiction, that invalidity, illegality or unenforceability is not to affect
any other provision or any other jurisdiction, and this Agreement is to be
reformed, construed and enforced in the jurisdiction as if the invalid, illegal
or unenforceable provision had never been contained herein.
     17. Notices. Any notice provided for in this Agreement is to be in writing
and is to be either personally delivered, sent by reputable overnight carrier or
mailed by first class mail, return receipt requested, to the recipient at the
address indicated as follows:
Notices to Executive:
To the address listed in the personnel records of the Company.
Notices to the Company:
BlueLinx Corporation
4300 Wildwood Parkway
Atlanta, Georgia 30339
Attention: General Counsel
Facsimile: (770) 953-7008
or any other address or to the attention of any other person as the recipient
party shall have specified by prior written notice to the sending party. Any
notice under this Agreement is to be deemed to have been given when so
delivered, sent or mailed.
     18. Amendment and Waiver. The provisions of this Agreement may be amended
or waived only with the prior written consent of the Company and Executive, and
no course of conduct or failure or delay in enforcing the provisions of this
Agreement is to affect the validity, binding effect or enforceability of this
Agreement.
     19. Complete Agreement. This Agreement embodies the complete agreement and
understanding between the parties with respect to the subject matter hereof and
effective as of its date supersedes and preempts any prior understandings,
agreements or representations by or

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between the parties, written or oral, that may have related to the subject
matter hereof in any way.
     20. Counterparts. This Agreement may be executed in separate counterparts,
each of which are to be deemed to be an original and both of which taken
together are to constitute one and the same agreement.
     21. Attorney’s Fees. In the event that Executive substantially prevails on
at least one substantive issue in any dispute in connection with this Agreement,
Executive shall be entitled to recover all attorneys’ fees, costs and
disbursements incurred by Executive in connection with such dispute.
“Substantially prevailing”, within the meaning of this paragraph 21, includes
Executive’s agreement to dismiss any proceeding upon the Company’s payment of
the sums allegedly due or performance of the covenants allegedly breached.
     22. Mediation and Arbitration. Any controversy or claim arising out of or
relating to this contract, or the breach thereof, if said dispute cannot be
settled through negotiation, the parties agree first to try in good faith to
settle such dispute by mediation under the Commercial Mediation Rules of the
American Arbitration Association before resorting to arbitration. The place of
mediation shall be Atlanta, Georgia. If the parties cannot reach resolution for
such dispute in mediation, such dispute shall be settled by binding arbitration
in accordance with the Commercial Arbitration Rules of the American Arbitration
Association. The place of arbitration shall be Atlanta, Georgia. Judgment upon
the award rendered by the arbitrator may be entered only in a state court of
Fulton County, Georgia, or the federal court for the Northern District of
Georgia. The parties agree that such shall be a proper forum in which to
adjudicate such case or controversy and the parties consent to waive any
objection to the jurisdiction or venue of such court(s). The Employer and the
Executive agree to share equally the fees and expenses associated with the
arbitration proceedings.
Executive initials:                                  Representative of Company
initials:                     
[ SIGNATURE PAGE TO FOLLOW ]

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     The parties are signing this Agreement as of the date stated in the
introductory clause.

            BLUELINX CORPORATION
      By:   /s/ Barbara V. Tinsley         Name:   Barbara V. Tinsley       
Title:   General Counsel & Secretary        EXECUTIVE
      /s/ Lynn Wentworth       Lynn Wentworth         

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EXHIBIT A
FORM OF STOCK OPTION AGREEMENT
BlueLinx Holdings Inc.
2006 Long-Term Equity Incentive Plan
Nonqualified Stock Option Award Agreement

      Participant:     Number of Shares:   ___Shares Option Price:   $___ Grant
Date:   ___, 200_ Option Period:   Grant Date through tenth anniversary of Grant
Date (the “Option Period”) Type of Option:   Nonqualified Stock Option

Relationship to Plan. This Option is granted pursuant to the BlueLinx Holdings
Inc. (the “Company”) 2006 Long-Term Incentive Plan (the “Plan”) and is in all
respects subject to the terms, conditions and definitions of the Plan
(including, but not limited to, provisions concerning exercise, restrictions on
Options, termination, nontransferability and adjustment of the number of the
Shares). The Participant hereby accepts this Option subject to all the terms and
provisions of the Plan. The Participant further agrees that all decisions under
and interpretations of the Plan by the Committee shall be final, binding and
conclusive upon the Participant and his or her heirs. All capitalized terms used
herein and not otherwise defined herein shall have the same meanings ascribed to
them in the Plan. If there is any inconsistency between the terms of this Award
Agreement and the terms of the Plan, the Plan’s terms shall completely supersede
and replace the conflicting terms of this Award Agreement.
Vesting. The Participant shall become vested in his or her total stock options
in annual increments of 20% over a five year period beginning one year following
the Grant Date, subject to accelerated vesting upon a Change in Control.
Change in Control. Notwithstanding the provisions related to regular vesting
described above, upon a Change in Control, all unvested Options shall become
immediately vested and exercisable.
Exercisability of Option. Unless otherwise provided in this Award Agreement or
the Plan, this Option shall entitle the Participant to purchase, in whole at any
time or in part from time to time, to the extent the Option is vested in
accordance with the vesting schedule herein, the Shares subject to this Option,
and each such right of purchase shall be cumulative and shall continue, unless
sooner exercised or terminated as herein provided, during the remaining Option
Period. Any fractional

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number of Shares resulting from the application of the foregoing percentages
shall be rounded to the next higher whole number of Shares, but shall not exceed
the total number of Shares covered by this Option.
Manner of Exercise and Payment. Subject to the terms and conditions of this
Award Agreement and the Plan, this Option may be exercised by delivery of
written notice to the Secretary of the Company, at the Company’s principal
executive office. Such notice shall state (i) that the person exercising this
Option is entitled to exercise this Option, (ii) that such person is electing to
exercise this Option and (iii) the number of Shares in respect of which this
Option is being exercised.
The notice of exercise shall be accompanied by the full Option Price for the
Shares in respect of which this Option is being exercised by any method approved
or accepted by the Company in its sole discretion.
Upon receipt of notice of exercise and full payment for the Shares in respect of
which this Option is being exercised, the Company shall take such action as may
be necessary to effect the transfer to the Participant of the number of Shares
as to which such exercise was effective.
Requirements to Become a Stockholder. The Participant shall not be deemed to be
the holder of, or to have any of the rights of a holder with respect to, any
Shares subject to this Option until (i) this Option shall have been exercised
pursuant to the terms of this Award Agreement and the Participant shall have
paid the full Option Price for the number of Shares in respect of which this
Option was exercised, and (ii) the Company shall have directed the due issuance
of the Shares purchased by the Participant.
Withholding of Taxes. The Company shall have the power and the right to deduct
or withhold, or require a Participant to remit to the Company, the minimum
statutory amount to satisfy federal, state, and local taxes, domestic or
foreign, required by law or regulation to be withheld with respect to any
taxable event arising as a result of this Plan (the “Withholding Taxes”). If the
Participant is entitled to receive Shares upon exercise of this Option, the
Participant shall pay the Withholding Taxes to the Company in cash prior to the
issuance of such Shares.
Termination of Employment or Relationship. Unless otherwise determined by the
Committee, in its sole discretion, the Option Period shall terminate and shall
be treated in accordance with the following should any of the following
provisions become applicable:

  (i)   In the event of a Participant’s termination of employment or
relationship for Cause, any unexercised portion of the Option granted to the
Participant will terminate as of the date of such termination of employment or
relationship.     (ii)   In the event of a Participant’s termination of
employment or relationship by the Company or a subsidiary other than for Cause,
death, or Disability, or the Participant resigns from employment or relationship
for any reason, (other than on account of death or Disability), (i) any unvested
portion of the Participant’s Option shall terminate and (ii) any portion of the
Participant’s Option that was vested and exercisable on the date of his or her
termination of employment or relationship shall remain exercisable for a period
of three (3) months after the date of termination, and any portion of such
Option not exercised within such three (3) month period shall be

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      forfeited; provided, however, that in no event may such Option be
exercised after the expiration of the Option Period.     (iii)   In the event a
Participant’s employment or relationship shall terminate on account of death or
Disability, (i) any unvested portion of the Participant’s Option shall
immediately become fully vested and exercisable and (ii) the Participant (or his
or her personal representative) may exercise all vested and exercisable Options
within the earlier of (x) one (1) year from the date of such death or Disability
or (y) the expiration of the Option Period.

For the purposes of this Agreement, Cause means, with respect to a Participant,
as determined by the Board in its reasonable judgment: (a) the Participant’s
continued failure to substantially perform the Participant’s duties; (b) the
Participant’s repeated acts of insubordination, or failure to execute Company or
subsidiary plans and/or strategies; (c) the Participant’s acts of dishonesty
resulting or intending to result in personal gain or enrichment at the expense
of the Company or any subsidiary; (d) the Participant’s commission of a felony;
(e) reasonable evidence presented in writing to the Participant that the
Participant engaged in a criminal act, misconduct or dishonesty; (f) violation
of any written policy of the Company or any subsidiary including, but not
limited to, the Company’s or a subsidiary’s employment manuals, rules, and
regulations after one (1) written notice from the Company or a subsidiary
regarding such violation; or (g) the Participant engaging in any act that is
intended, or may reasonably be expected to harm the reputation, business,
prospects or operations of the Company, any subsidiary, or their officers,
directors, stockholders, or employees; provided that, in the event a Participant
is subject to an employment agreement or other agreement, including, but not
limited to a severance agreement, with the Company or a subsidiary that contains
a definition of “Cause,” Cause under the Plan shall have the meaning in such
agreement.
For the purpose of this Agreement, Disability means the Executive: (a) is unable
to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than twelve
(12) months, or (b) is, by reason on any medically determinable physical or
mental impairment which could be expected to result in death or can be expected
to last for a continuous period or not less than twelve (12) months, receiving
income replacement benefits for a period of not less than three (3) months under
an accident and health plan covering employees of the participant’s employer.
Transferability. The Option granted hereunder shall not be transferable other
than by will or by the laws of descent and distribution. During the lifetime of
the Participant, the Option shall be exercisable only by the Participant. Any
portion of the Option exercisable at the date of the Participant’s death and
transferred by will or by the laws of descent shall be exercisable in accordance
with the terms of the Option by the executor or administrator, as the case may
be, of the Participant’s estate (each, a “Designated Beneficiary”) for the
period provided herein with respect to termination of employment as a result of
the Participant’s death.
No Employment or Service Contract. Nothing in this Award Agreement or in the
Plan shall confer upon the Participant any right to continue such Participant’s
relationship with the Company or a subsidiary thereof, nor shall it give any
Participant the right to be retained in the employ of the Company or a
subsidiary or interfere with or otherwise restrict in any way the rights of the
Company or a subsidiary, which rights are hereby expressly reserved, to
terminate any Participant’s

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employment or relationship at any time for any reason, except as may be set
forth in an employment agreement between the Participant and the Company or a
subsidiary of the Company.
Modification of Award Agreement. This Agreement may be modified, amended,
suspended or terminated, and any terms or conditions may be waived, but only by
a written instrument executed by the parties hereto.
Investment Representation. Unless a registration statement under the Securities
Act of 1933, as amended (and applicable state securities laws), is in effect
with respect to the Shares issued on the date of exercise of the Option,
Participant, or his Designated Beneficiary, agrees with, and represents to, the
Company that Participant is acquiring the Shares for the purpose of investment
and not with a view to transfer, sell, or otherwise dispose of the Shares. The
Company may require an opinion of counsel satisfactory to it prior to the
transfer of any Shares to assure at all times that it will be in compliance with
applicable federal and state securities laws.
Severability. Should any provision of this Agreement be held by a court of
competent jurisdiction to be unenforceable or invalid for any reason, the
remaining provisions of this Agreement shall not be affected by such holding and
shall continue in full force in accordance with their terms.
Governing Law. The validity, interpretation, construction and performance of
this Award Agreement shall be governed by the laws of the Delaware without
giving effect to the conflicts of laws principles thereof.
          IN WITNESS WHEREOF, the parties hereto have executed this Award
Agreement as of the date indicated below.

     
 
  BlueLinx Holdings Inc.
 
   
Dated:                                                             
  By:                                                             
 
   
Accepted:                                                             
  Title:                                                             

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EXHIBIT B
EXECUTIVE BENEFITS PACKAGE
The following benefits will be provided as for other salaried employees
Salaried 401(k) Plan
Medical and Dental Insurance
The following benefits will be provided to Lynn Wentworth:

  •   Life Insurance — $825,000.00     •   Executive PAI — $250,000.00     •  
Annual physical — up to $1,800.00     •   Annual auto allowance — $7,500.00    
•   Annual Financial advisor fees — up to $3,500.00     •   Annual Country Club
dues allowance — up to $6,000.00

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