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Exhibit 10.1.1
RESOLUTIONS
 
OF THE BENEFIT FINANCE COMMITTEE
 
OF APPLETON PAPERS INC.
 
Amendments to the Appleton Papers Inc. Retirement Plan
 
[Supplement I - Harrisburg Plant Employees]

WHEREAS, pursuant to Section 11.01 of the Appleton Papers Inc. Retirement Plan
(the “Plan”), Appleton Papers Inc. (the “Company’), by action of its Board of
Directors (or its delegate), may amend the Plan in whole or in part, at any time
or from time to time; and

WHEREAS, the Company desires to amend the Plan as set forth below, by action of
the  Benefit Finance Committee acting pursuant to delegation of authority
granted by the Board of Directors of the Company; and

WHEREAS, the amendments are intended to clarify certain terms and conditions of
the Plan only, and do not revise or amend the substance of the Plan or the
administration thereof;

NOW THEREFORE, it is:

RESOLVED, that the Plan is hereby amended as set forth on Exhibit A attached
hereto.

IN WITNESS WHEREOF, the undersigned, being all of the members of the Benefit
Finance Committee, to evidence their consent to taking the foregoing actions by
written consent in lieu of a meeting, have caused the above amendments to be
adopted as of the date last entered below, and direct that they be placed with
the minutes of the Committee.
 
 

 Committee Member  Date      /s/ Thomas J. Ferree  4/4/11      /s/
Jeffrey Fletcher  4/1/11      /s/ Kerry S. Arent  4/1/11      /s/ James C.
Tyrone  4/1/11

 
 
* * * * *

 

 
 

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EXHIBIT A

RESOLUTIONS
 
OF THE BENEFIT FINANCE COMMITTEE
 
OF APPLETON PAPERS INC.
 
Amendments to the Appleton Papers Inc. Retirement Plan
 
[Supplement I - Harrisburg Hourly Employees]

1. Section I208(b)(2)(B) is amended and restated in its entirety to read as
follows:
 
 
(B)
Payment Before Normal Retirement Date.  A Retirement Pension starting on the
first day of any month coincident with or following the date his employment
terminates (or, in the case of a Participant entitled to a Vested Retirement
Pension under Section I2.08(d), a Retirement Pension starting at or after the
attainment of age 55) and before his Normal Retirement Date, in a monthly amount
determined under Paragraph (A) above, reduced in accordance with the following
table (as applicable):

 
 
(1)
For Participants whose employment terminates on or after April 11, 2002:

 
Age at Pension
Commencement Date
Percentage of Pension Payable
Prior to Normal Retirement Date
64
100%
63
100%
62
100%
61
  69%
60
  64%
59
  59%
58
  55%
57
  51%
56
  47%
55
  44%

 
 
(2)
For Participants whose employment terminates before April 11, 2002:

 
Age at Pension
Commencement Date
Percentage of Pension Payable
Prior to Normal Retirement Date
64
91%
63
83%
62
76%
61
69%
60
64%
59
59%
58
55%
57
51%
56
47%
55
44%

 
[An adjustment shall be made by straight line interpolation for ages which are
not integral.]
 
Page 1 of 3
 

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2. Section I208(h) is amended and restated in its entirety  to read as follows:
 
 
(h)
Disability Retirement Pension.  In lieu of the Total and Permanent Disability
Benefit described in subsection (g) of this Section I2.08, a Harrisburg Plant
Employee who is or becomes eligible for benefits under a long-term disability
plan of the Company shall be entitled to a Disability Retirement Benefit
determined under Section 5.04 of the Plan, subject to the terms and conditions
thereof, except that (i) the benefit formula set forth in Section I2.08 shall
apply to the calculation of the Participant’s accrued benefit, (ii) the terms
“Benefit Service” and “Vesting Service” shall be defined as set forth in this
Sections I2.04 and I2.05 respectively, and (iii) the definition of the term
“Disability” set forth in Section I2.08(g)(2)(D) shall apply to the
determination of such Disability Retirement Pension.

 

 
3. Section I12.10 is amended and restated in its entirety to read as follows:
 
 
I12.10
Additional Methods of Payment Provisions.

 
 
(a)
In addition to the methods of payment provisions set forth in Article 7 of the
Plan (other than the 100% Joint and Surviving Spouse Annuity Option), for
Participants who are Harrisburg Plant Employees the following additional or
alternative provisions regarding methods of payment shall apply, subject to the
restrictions on electing an optional form of payment under Section 7.04 of the
Plan:

 
 
(1)
Normal Form of Benefit.  For a Participant who is a Harrisburg Plant Employee,
the provisions regarding a Retirement Pension set forth in Section I2.08(c)
(which provides for a Special Early Retirement Pension terminating at the
earlier of age 65 or death) shall apply to a Retirement Pension for such
Participant.

 
 
(2)
75% Joint and Surviving Spouse Annuity Option.  The following table shows the
percentage of the basic monthly Retirement Pension payable to a Participant who
is a Harrisburg Plant Employee and continuing to his Surviving Spouse at
three-fourth the rate (i.e., 75%) after his death during the remaining lifetime
of such Spouse.

 

Page 2 of 3
 
 

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Age of
Surviving
Spouse
 
Age of Participant
 
55
56
57
58
59
60
61
62
63
64
65
 
65
91.5
90.7
89.8
88.9
87.9
86.8
85.7
84.4
83.1
81.7
80.2
64
90.9
90.1
89.2
88.2
87.2
86.1
84.9
83.6
82.2
80.8
79.3
63
90.4
89.5
88.6
87.6
86.5
85.3
84.1
82.8
81.4
79.9
78.4
62
89.8
88.9
87.9
86.9
85.8
84.6
83.3
81.9
80.5
79.0
77.5
61
89.2
88.3
87.3
86.2
85.0
83.8
82.5
81.1
79.7
78.2
76.6
60
88.6
87.6
86.6
85.5
84.3
83.1
81.7
80.3
78.9
77.3
75.7
59
88.0
87.0
86.0
84.8
83.6
82.3
81.0
79.5
78.0
76.5
74.9
58
87.4
86.4
85.3
84.1
82.9
81.6
80.2
78.8
77.2
75.7
74.0
57
86.8
85.8
84.6
83.5
82.2
80.9
79.5
78.0
76.5
74.9
73.2
56
86.2
85.1
84.0
82.8
81.5
80.2
78.7
77.3
75.7
74.1
72.4
55
85.6
84.5
83.4
82.1
80.8
79.5
78.0
76.5
75.0
73.4
71.7
54
85.1
83.9
82.7
81.5
80.2
78.8
77.3
75.8
74.3
72.6
71.0
53
84.5
83.3
82.1
80.9
79.5
78.1
76.7
75.1
73.6
71.9
70.3
52
83.9
82.8
81.5
80.2
78.9
77.5
76.0
74.5
72.9
71.3
69.6
51
83.4
82.2
80.9
79.6
78.3
76.9
75.4
73.9
72.3
70.6
68.9
50
82.8
81.6
80.4
79.1
77.7
76.3
74.8
73.2
71.6
70.0
68.3

 
An interpolation shall be made for the age of the Participant on the basis of
full years and months as of the date of retirement.  Age for the Spouse shall be
rounded to the nearest even age in full years as of the date of the
Participant’s retirement.  Factors for other ages shall be determined on a
comparable basis and are available upon request.
 
 
(b)
Reserved.

 

 
4. Other than as set forth above, the Plan is ratified, confirmed and approved
in its entirety.
 
* * * * *
 

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