exv10w1





Exhibit 10.1


AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT




          This amendment to the Executive Employment Agreement (“Amendment”), effective August 22, 2008,
is made by and between Orchids Paper Products Company (“Company”) and Robert Snyder (“Executive”)
and amends the Executive Employment Agreement, dated and made effective August 20, 2007
(“Agreement”), between the Company and the Executive. Except as amended herein, the Agreement
remains in full force and effect.



          WHEREAS, the Company and the Executive previously entered into the Agreement to provide for
the Executive’s services as President and Chief Executive Officer of Company;



          WHEREAS, the Company and the Executive reserved the right to amend the Agreement pursuant to
Section 3.10 of the Agreement;



          WHEREAS, the Executive has been unable to sell his residence in Memphis, Tennessee, and, as a
result, will incur significant temporary living and travel expenses following the expiration of his
Company-paid temporary living arrangement on August 20, 2008; and



          WHEREAS, the Compensation Committee of the Board of Directors of the Company deems it
appropriate and advisable to amend the Agreement to provide for a one-time lump sum payment of
$40,000 to compensate the Executive for continuing temporary living and travel expenses;



          NOW, THEREFORE, effective August 22, 2008, the Agreement is hereby amended as follows:




1. Section 2.3(f) is amended by adding the following sentences to the end thereof:




“The Executive shall cease receiving the foregoing reimbursements effective
August 20, 2008. The Executive shall be entitled to a one-time lump sum
payment in the amount of $40,000, payable immediately following August 20,
2008, intended to compensate him for continuing temporary living expenses
and travel expenses. No additional payments or reimbursements shall be made
to the Executive under this Agreement for temporary living or travel
expenses.”




2. Section 2.4(e) is deleted and replaced by the following:




	 	(e)	 	Limitation on Certain Additional
Payments. Anything in this Agreement to the contrary
notwithstanding, in the event it is determined that any payment or
distribution by the Company to or for the benefit of the Executive
(“Payments”) would be subject to the excise tax imposed by Section 4999
of the Code, then the Payments under this Agreement shall be decreased
to the greatest




 









 






	 	 	 	amount that could be paid to the Executive such that receipt of
Payments will not give rise to any such excise tax. In the event it
is determined that Payments would be subject to the excise tax
imposed under Section 4999 of the Code, such Payments shall be first
reduced by those Payments under this Agreement that are not subject
to Section 409A of the Code, and, if necessary, then out of the
Payments that are subject to Section 409A of the Code, starting with
the Payments that are to be paid on the latest future date, so that
there will be no Payments subject to the excise tax imposed by
Section 4999 of the Code.





          IN WITNESS WHEREOF, this Amendment to the Agreement has been signed by the parties hereto on
the date set forth below.



	 	 	 	 	 
	ORCHIDS PAPER PRODUCTS COMPANY	 	ROBERT SNYDER
	 
	 	 	 	 
	By

	 	/s/ Keith R. Schroeder
	 	/s/ Robert Snyder
	 

	 	 
	 	 
	 
	 	 	 	 
	Date

	 	8/22/2008
	 	Date 8/22/2008