Case 1:01-cv-00109-SSB Document 60-10 Filed 12/12/2003 Page 1 of 4
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Eligibility 

splg1pd or salaried uavexompt employees are eligible for vacation based on their 

of serv'scc with smart Papers LLC, effective January 1, 2007- Vacation. will be 

-acM~during the year in which it is to be used. Salaried employees will not want 

vacation in calendar near 2ool. 

Accruals 

VACATION 

The number of weeks of vacation an employee may accrue begins on the first day of 

want effexave January, 2002- Accrual is based on the whole month which is il12o of the 

vacation eligibility in the yedin which it is to be taken. Tu: following table summari2es 

the Smart Papers vacation schedule. [Employeea who formerly worked for International 

Paper B Street Mrll as of the Closing of the Transaction to sell the assets of the mill to 

Smart Papets LLC will be granted service credit for vacation digWlity up to the 

maximum of four (4) wcclm commencing in calendar year 2002.] : 

Employees hired before July 1, will be mtitlad to one (1) week of vacation during the 

year in which they are hired after they have completed six (6) months of employment 

Employees hired on or after Jniy 1, will not be entitled to any vacation during the 

calendar year in which they are hired, but will be entitled to one (1) week of vacation 

after they have completed six (6) months of employment 

Notwithstanding the above, employees hired by Smart Papers who worked for 

I onal Paper B Street NO as of the Closing of the Tremsection to sell the assets of 

the Mill to Smart Papers, shall retain all earned but unused vacation in calendar year 

2000, that they camcd under brtcamafonai Paper's vacation plan is efied as of the 

Closing. Such employees shall be permitted time off fordtose vacation days at 

reaswtable times durutg calendar yea 2001 as approved by smart Papers' management 

These employees shall roceive vacation pay for such time offal the rata they would have 

received as of the day prior to Closing for accrued unused vacation earned prior to but not 

after the Closing. This ono-thmc rtimticm ofpirior annual teased vacation is totally 

and apart frum the Smart Papers' vacation policy and should be used prior to 

December 31, 2001 . However, any unused vacation retained by former employees of 

Length of 

wlmnous_Savice Leaath ofVacatlon 

1 year, but less than 2 years I week 

2 years of service but less than 8 years 2 weeks 

8 years of service but less than 15 years 3 weeks 

more than 15 years 4 weeks 

Case 1:01-cv-00109-SSB Document 60-10 Filed 12/12/2003 Page 3 of 4
111a01Or 6,7 - A. 

International Papa must be taken by March 1, 2002, or the unused vacation will be 

forfeited. The Smart Papers' vacation policy described in the other paragraphs of this 

section governs tamed vacation time which will become effective as of January 1, 2002. 

Vacation pay does not count as hours worked for overtime calculation. 

Non-Accumulation-Non-Accrual 

vacations nor vacation pay shall carryover firm one calendar yew to the next, 

except as approved by the CFA a COO. 

It should be noted that vacation is an accrued benefit earned through continuing 

employmment, and entitlement to vacation pay is conditioned upon active employment. 

Employees who leave Smut Papas before they are eligible to retire, will be entitled to 

receive pay for any earned but unused vwcatiod that they are eligible to receive in that 

calendar year. 

If an employee retires or dies, rat employee or blether beatfcimy will receive Pay for 

any earned but unused vacation due in the cturcut year. 

PAY PERIOD 

The pay period far salaried and non-exempt employees will be on a bi-weekly basis, beat 

can be changed by the company at my titre with reasonable notice. Direct deposit is 

available to employees who wish to take advantage of this savicc . Direct Deposit may be 

required at the discretion of the company. 

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