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|   | (f) | Notwithstanding      any other provision of the Plan to the contrary (including, without      limitation, any Appendix or Supplement to the Plan), effective January 1,      2008, the term “Final Average Monthly Compensation” means the monthly      average of a Participant’s Compensation from the Company for the highest      five (5) consecutive Plan Years during the last ten (10) Plan Years ending      with or immediately preceding the last day worked prior to the earlier      of: |
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|   | (1) | January      1, 2008, in the case of a Participant who (A) has made the election      referred to in Section 2.05(a), (B) terminated employment with the Company      prior to January 1, 2008, and is reemployed at any time thereafter, or (C)      is transferred (or re-transferred) to the employment of the Company from      an Affiliate, on or after January 1, 2008;or |
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|   | (2) | January      1, 2015, in the case of any other Participant who has not retired or      otherwise incurred a Termination of Employment prior to January 1,      2015. |
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|   | 1.36 | Rule of 65      Retiree. |
|--------|------|--------------------------|

|   | (a) | The      term “Rule of 65 Retiree” means a Participant who terminates employment      with a right to a Vested Retirement Pension under Section 5.05, whose      Pension Commencement Date occurs after December 31, 1984, and whose age      (including proportionate credit for each tenth of a year) at Termination      of Employment plus his years of Benefit Service equal or exceed      65. |
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|   | (b) | The      term “Vesting Service” shall be substituted for the term “Benefit Service”      in subsection (a) above for Participants who (1) make an election pursuant      to Section 2.05(a) in lieu of continuing to accrue Benefit Service under      this Plan, or (2) transfer to employment with a Controlled Group Affiliate      on or after April 1, 2008; provided that for any Plan Year no more than      one year of Service (“Benefit” or “Vesting”) shall be      recognized.  Such substitution shall apply from the date the      event described in item (1) or (2)occurs. |
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|   | (c) | Notwithstanding      subsection (b) of this Section 2.01, or any other provision of the Plan to      the contrary, the following rules shall apply effective January 1,      2008: |
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|   | (1) | no      employee who is hired and first performs an Hour of Service for the      Company on or after January 1, 2008 shall become eligible to participate      in the Plan; and |
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|   | (2) | no      employee who (A) terminated employment with the Company prior to January      1, 2008, and is reemployed at any time thereafter, or (B) is transferred      (or re-transferred) to the employment of the Company from an Affiliate on      or after January 1, 2008, shall be eligible to participate, or if      applicable recommence participation, in the  Plan. |
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|   | 2.05 | Special Election - -      Plan Participants employed by the Company on January 1,      2008. |
|--------|------|----------------------------------------------------------------------------------------------|

|   | (a) | Each      Eligible Employee who is employed by the Company on January 1, 2008, and      (i) is a Participant in the Plan as of January 1, 2008, or (ii) may become      a Participant in the Plan on or prior to January 1, 2009, in accordance      with the rules of Section 2.01(b), shall be eligible to make an      affirmative, irrevocable election to freeze the accrual of benefits under      the Plan as of April 1, 2008 (or, if first eligible to participate after      April 1, 2008 to waive participation in the Plan), on the condition that      the Participant makes a concurrent election to participate in the      “Mandatory Profit Sharing Contribution” feature of the Appleton Papers      Inc. Retirement Savings and Employee Stock Ownership Plan (as such term is      defined as of April 1, 2008). |
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|   | (b) | The      election described in subsection (a) shall be made in the form and manner      prescribed by the Committee.  Such election shall be binding and      enforceable as of April 1, 2008, and may not thereafter be rescinded or      otherwise terminated, regardless of any subsequent revisions to the      Appleton Papers Inc. Retirement Savings and Employee Stock Ownership Plan      (including without limitation the Mandatory Profit Sharing Contribution      feature). |
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|   | (c) | The      effect of such election shall be to treat the electing Participant in the      same manner as a Participant who is in the employ of the Company other      than as an Eligible Employee as of April 1, 2008, as described in Section      4.07 pertaining to Hours of Service credited during such period of      employment. |
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|   | (e) | Notwithstanding      any other provision of the Plan to the contrary (including, without      limitation, any Appendix or Supplement to the Plan), Benefit Service shall      not include any Hours of Service performed  after: |
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|   | (1) | April      1, 2008, in the case of a Participant who has made the election referred      to in Section 2.05(a); or |
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|   | (b) | Upon      retirement or other Termination of Employment or death while in the employ      of an Affiliate or in the employ of the Company other than as an Eligible      Employee, a Participant’s benefit under this Plan (if any) shall be      determined as if he had then retired, terminated employment or died for      purposes of this Plan, based on his Final Average Monthly Compensation as      of first to occur of (1) his date of retirement, (2) Termination of      Employment, (3) death, (4) for a Participant who made the election under      Section 2.05(a), January 1,2008 or (5) January 1, 2015 for all other      Participants, and his Benefit Service and the benefit formula in effect      under Article V as of the date of transfer to the Affiliate or to      employment other than as an EligibleEmployee. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (1) | recovers      from his Disability prior to his Disability Pension Starting Date and      returns to the employ of the Company or an Affiliate within ninety (90)      days after the end of such Disability and prior to working full-time for      any other person (disregarding any employment which is primarily for the      purpose of rehabilitation), or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | does      not recover from his Disability prior to attainment of his Disability      Pension Starting Date, |
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