Exhibit 10(h)

                                  WELLMAN, INC.
                               Amended and Restated
          Management Incentive Compensation Plan for the Executive Group

                                    ARTICLE I

                                      NAME

1.1   The Plan shall be known as the "Wellman, Inc. Management Incentive
Compensation Plan for the Executive Group."

                                   ARTICLE II

                               STATEMENT OF PURPOSE

2.1   The purpose of the Plan is to provide a system of incentive
compensation that will promote the maximization of shareholder value over the
long-term.  In order to align management incentives with shareholder
interests, this Plan will tie incentive compensation to economic value added
and thereby reward management for increasing shareholder value.

                                   ARTICLE III

                                   DEFINITIONS

3.1   Plan Year means the fiscal year of the Company which is the calendar
year.

3.2   Effective Date means (a) January 1, 1992 with respect to the original
Plan and (b) January 1, 1999 with respect to the amended and restated Plan.

3.3   Committee means the Compensation Committee of the Board of Directors of
Wellman, Inc. or any successor committee.

3.4   Cause in the context of a termination of employment means only one or
more of the following:  (i)  the commission in the course of employment of
any dishonest or fraudulent act; (ii)  a conviction of a felony (from which,
through lapse of time or otherwise, no successful appeal shall have been
made) whether or not committed in the course of employment; (iii) the willful
refusal to carry out reasonable instructions of the Board of Directors of
Wellman, Inc. which has a material adverse effect upon the Company or any of
its subsidiaries; and (iv) the willful disclosure of any trade secrets or
material confidential corporate information to persons not authorized to know
same.

3.5   Change of Control shall be deemed to have occurred when (i)  any
"person" or "group" (as such terms are used in Sections 13(d)(3) and 14
(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act")), other than the Company, any of its subsidiaries, or any employee
benefit plan of the Company or of any subsidiary, is or becomes the
"beneficial owner" (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of the Company representing 20% or more
of the combined voting power of the Company's then outstanding Securities; or
(ii) during any period of two consecutive years (not including any period
prior to the Effective Date), individuals who at the beginning of such period
constitute the Board cease for any reason to constitute at least a majority
thereof unless the election, or the nomination for election by the Company's
stockholders, of each new director was approved by a vote of at least two-
thirds of the directors of the Company then still in office who were
directors of the Company at the beginning of the period.
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3.6   Company means Wellman, Inc., a Delaware corporation.

                                   ARTICLE IV

                              PLAN ADMINISTRATION

4.1   The Plan shall be administered by the Committee which shall have
exclusive and absolute authority and discretion to interpret the Plan, to
establish and modify rules for the administration of the Plan, to impose such
conditions and restrictions as it determines appropriate with respect to the
Plan and to take such other actions and make such other determinations as it
may deem necessary or advisable for the implementation and administration of
the Plan.  All actions taken and all interpretations and determinations made
by the Committee in good faith shall be final and binding upon the
participants, the Company and all other interested persons.  The Committee
may delegate certain responsibilities to the Chief Executive Officer or Chief
Operating Officer including the responsibility to assign objectives, targets,
target percentages or other administrative responsibilities, as the Committee
so designates.  No member of the Committee shall be personally liable for any
action, determination or interpretation made in good faith with respect to
the Plan.

4.2   This Plan may be amended, suspended or terminated any time at the sole
discretion of the Board of Directors of Wellman, Inc., provided, however,
that no such change in the Plan shall be effective to eliminate or diminish
the distribution of any award earned by a Plan participant before the date of
such amendment, suspension or termination.  Notice of any such amendment,
suspension or termination shall be given promptly to each Plan participant.

                                   ARTICLE V

                                 PARTICIPATION

5.1   The participants in the Plan consist of those employees who are
executives identified by the Committee.

                                   ARTICLE VI

                         DESCRIPTION OF PLAN OPERATION

6.1   Each Plan Year the Committee will assign to each Plan participant bonus
targets directly related to corporate and, for operating executives, their
operating unit's profit and individual strategic objectives.  Profit will be
based on operating profit less a capital charge related to the net assets
employed to generate such profit.

A target percentage will also be assigned to each Plan participant by the
Committee annually (the "target percentage").  The target percentage will be
the percentage of salary a Plan participant will be eligible to earn in bonus
if the Plan participant's targets are met.

The amount of the bonus payable hereunder to each Plan participant will be
determined by the Committee in its sole discretion.

Bonuses hereunder will be paid on or before March 15  following the Plan
Year.  Bonus earnings over the target percentage amount must be deferred as
mandatory deferred compensation for the purchase of restricted stock for
eligible participants in the Wellman, Inc. Deferred Compensation and
Restricted Stock Plan.


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                                   ARTICLE VII

                       CHANGE IN STATUS DURING THE PLAN YEAR

7.1   Disability.  A participant shall be deemed "permanently disabled" if,
because of physical or mental condition, the participant is unable for a
period of at least one year to perform the principal duties of his/her
occupation as determined by a Company-approved physician.  A participant
shall receive a pro rata bonus based on the number of full months worked for
the year in which the disability started.  The payment shall be made at the
regular time for making bonus payments.

7.2   Death.  A participant's beneficiary, as designated for the life
insurance program, shall receive a pro rata bonus based on the number of full
months worked for the Plan Year in which they die.  The payment will be made
at the regular time for making bonus payments.

7.3   Retirement.  A participant who retires from the Company upon or after
reaching age 55 shall receive a pro rata bonus based on the number of full
months worked for the Plan Year in which he/she retires.  The payment will be
made at the regular time for making bonus payments.

7.4   Resignation or Termination for Cause.  Termination of employment for
Cause or voluntary termination by a participant results in the forfeiture of
any award for the Plan Year in which employment terminates.

7.5   Termination without Cause.  A participant who is terminated for reasons
other than those described above will receive a pro rata portion of that Plan
Year's award.  The payment will be made at the regular time for making bonus
payments or as mutually agreed by the Committee and the terminated
participant.

7.6   No Guarantee.  Participation in the Plan provides no guarantee that a
bonus under the Plan will be paid in any Plan Year.  Similarly, the payment
of a bonus under the Plan in one Plan Year or selection as a participant is
no guarantee that a bonus under the Plan will be paid in any subsequent Plan
Year.

                                   ARTICLE VIII

                                GENERAL PROVISIONS

8.1   Withholding of Taxes.  The Company shall have the right to withhold the
amount of taxes which, in the determination of the Company, are required to
be withheld under law with respect to any amount due or paid under the Plan.

8.2   Expenses.  All expenses and costs in connection with the adoption and
administration of the Plan shall be borne by the Company.

8.3   No Prior Right or Offer.  Except and until expressly granted pursuant
to the Plan, nothing in the Plan shall be deemed to give any employee any
contractual or other right to participate in the benefits of the Plan.

8.4   Disputed Claims for Benefits.  In the event a participant (a
"claimant") has a dispute with respect to any of the benefits provided
hereunder, the claimant shall submit evidence satisfactory to the Committee
of facts establishing his entitlement to a payment under the Plan.  Any claim
with respect to any of the benefits provided under the Plan shall be made in
writing within ninety (90) days of the annual Plan payment date.  Failure by


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the claimant to submit his or her claim within such ninety (90) day period
shall bar the claimant from any claim for benefits under the Plan.  In
reaching its decision, the Committee shall have complete discretionary
authority to determine all questions arising in the interpretation and
administration of the Plan, to construe the terms of the Plan, including any
doubtful or disputed terms and the eligibility of a participant for benefits.

8.5   Rights Personal to Employee.  Any rights provided to an employee under
the Plan shall be personal to such employee, shall not be transferable
(except by will or pursuant to the laws of descent or distribution), and
shall be exercisable, during his or her lifetime, only by such employee.

8.6   Confidentiality.  Specific details of any calculations under the Plan
must remain confidential and because of the individuality of the awards,
participants should not share information with each other.

8.7   Wellman, Inc. Profit Sharing Plan.  Participants in the Wellman, Inc.
Management Incentive Compensation Plan are not eligible to participate in the
Wellman, Inc. Profit Sharing Plan.

8.8   Change of Control.  Upon any Change of Control, unless the Committee in
its sole discretion determines otherwise prior to the Change of Control, the
benefits of the Plan will be paid to all participants within 45 days of the
Change of Control date.  Plan payments will be based on the full Plan Year's
forecasted results as defined in the most recent financial forecast presented
to the Board prior to the Change of Control date using the most recent annual
base salary of each participant.

8.9   No Continued Employment.  Neither the establishment of the Plan, the
assignment of targets nor the grant of an award hereunder shall be deemed to
constitute an express or implied contract of employment for any period of
time or in any way abridge the rights of the Company to determine the terms
and conditions of employment or to terminate the employment of any employee
with or without cause at any time.

8.10  No Vested Rights.  Except as otherwise provided herein, no employee or
other person shall have any claim or right (legal, equitable, or otherwise)
to any award, allocation, or distribution and no officer or employee of the
Company or any other person shall have any authority to make representations
or agreements to the contrary.  No interest conferred herein to a participant
shall be assignable or subject to claim by a participant's creditors.

8.11  Not Part of Other Benefits.  The benefits provided in this Plan shall
not be deemed a part of any other benefit provided by the Company to its
employees.  The Company assumes no obligation to Plan participants except as
specified herein.  This is a complete statement of the terms and conditions
of the Plan.














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