Exhibit
            10.18


            Summary of
            Director Compensation for Fiscal 2008


            
                      At
            its June 2007 meeting, the Nominating and Governance Committee eliminated all meeting
            fees and established an all retainer method of compensation. Each member of the Board
            of Directors who is not an employee of Tredegar or any of its subsidiaries receives the
            following annual retainers, payable in equal quarterly installments in
            arrears:


            	
                         

                    	
                         

                    	
                         

                    	
                         

                    	
                         

                    
	
                        Non-Employee
                        Director

                    	
                         

                    	
                        

                        
                        
                        $

                    	
                        

                        
                        
                        50,000

                    	
                         

                    
	
                        Chairman of the
                        Board

                    	
                         

                    	
                        $

                    	
                        
                        20,000

                    	
                         

                    
	
                        Audit Committee
                        Chairperson

                    	
                         

                    	
                        $

                    	
                        
                        14,000

                    	
                         

                    
	
                        Non-Chair Member of
                        the Audit Committee

                    	
                         

                    	
                        $

                    	
                        
                        7,500

                    	
                         

                    
	
                        Executive
                        Compensation Committee Chairperson

                    	
                         

                    	
                        

                        
                        
                        $

                    	
                        

                        
                        
                        9,000

                    	
                         

                    
	
                        Non-Chair Member of
                        the Executive Compensation Committee

                    	
                         

                    	
                        $

                    	
                        
                        5,000

                    	
                         

                    
	
                        Nominating and
                        Governance Committee Chairperson

                    	
                         

                    	
                        $

                    	
                        
                        6,000

                    	
                         

                    
	
                        Non-Chair Member of
                        the Nominating and Governance Committee

                    	
                         

                    	
                        

                        
                        
                        $

                    	
                        

                        
                        
                        3,000

                    	
                         

                    
	
                        Member of the
                        Executive Committee

                    	
                         

                    	
                        $

                    	
                        
                        4,500

                    	
                         

                    
	
                        Member of the
                        Investment Policy Committee

                    	
                         

                    	
                        $

                    	
                        
                        625

                    	
                         

                    



            
                      The
            retainer paid to non-employee directors is paid $30,000 in cash and $20,000 in the form
            of a stock award. The stock award is determined based on the closing price of Tredegar
            common stock as reported on the New York Stock Exchange composite on the date of
            grant.