Exhibit 10.42
 FIRST AMENDMENT TO THE
GRAPHIC PACKAGING RETIREMENT PLAN
(As Amended and Restated Effective January 1, 2009 and Reflecting Amendments Adopted
Through December 31, 2009)
 WHEREAS,
 WHEREAS,
 NOW, THEREFORE, BE IT RESOLVED,
 1.
    
    Section 2.3(b) is amended by revising the third and fourth sentences thereof to read as
follows:The notice shall be provided not less than 30 days and no more than 90 days before the
Members Annuity Starting Date, provided, however, the notice may be provided after the
Annuity Starting Date with respect to a Member who is entitled to a Pension under Appendix
2 through 9, or with respect to a Member who is entitled to a Pension payable under the
provisions of Appendix 1 or 10 if the written notice as described above was not provided on
a timely basis (i) due to an administrative error as determined by the Retirement Committee
on a basis uniformly applicable to all Members similarly situated, or (ii) due to an
involuntary termination of employment.
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2.
    
    Section 2.3(c) is amended in its entirety to read as follows:
 (c) Form and Timing of Elections. An election of an optional form shall
be made on a form provided by the Retirement Committee. The timing of such election
shall be subject to the following:
 (i)
    
    General Rule. Except as otherwise provided in this
paragraph (c), a Members election of an optional form may be made at any time
during the period beginning on the date the Member receives the notice
described in paragraph (b) and ending on the Members Annuity Starting Date.
Notwithstanding the foregoing, an election received after the Annuity Starting
Date shall be deemed to have been made within the election period if:
 (A)
    
    the notice described in paragraph (b) is
provided to the Member at least 30 days before the Annuity Starting
Date;(B)
    
    distributions commence not later than 90
days after the date such notice is provided to the Member; and(C)
    
    the Members election is made before the
date distributions commence.
 A distribution shall not be deemed to violate the requirement of
subparagraph (B) merely because, due solely to administrative delay, it
commences more than 90 days after the date notice is provided to the
Member.A Members Annuity Starting Date may not occur sooner than 30 days after
receipt of the notice, except as permitted under subparagraph (ii).
 (ii)
    
    Waiver of 30-Day Period. A Member may, after having
received the notice described in paragraph (b), affirmatively elect to have
his Pension commence sooner than 30 days following his receipt of the notice,
provided all of the following requirements are met:
 (A)
    
    the Retirement Committee clearly informs
the Member that he has a period of at least 30 days after receiving
the notice to decide when to have his benefits begin, and, if
applicable, to choose a particular optional form of payment;(B)
    
    after receiving the notice, the Member
affirmatively elects a date for his Pension to begin and, if
applicable, an optional form of payment;
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(C)
    
    the Member is permitted to revoke his
election until the later of his Annuity Starting Date or at any time
prior to the commencement of benefit payments;(D)
    
    payment does not commence less than seven
days following the day after the notice is received by the Member,
nor more than 90 days following the day the notice is received by the
Member (except that the 90-day period may be extended due to
administrative delay); and(E)
    
    the Members Annuity Starting Date is after
the date the notice is provided, except as provided in subparagraph
(iii).
 (iii)
    
    Retroactive Annuity Starting Date. If a Member is
eligible (in accordance with the provisions of the last sentence of paragraph
(b) above) to elect, and does elect, an Annuity Starting Date that precedes
the date he received the notice (a retroactive Annuity Starting Date), such
election shall be subject to the following requirements:
 (A)
    
    with respect to an election made by a
Member who is entitled to a Pension payable under the provisions of
Appendix 1 or 10 and who is involuntarily terminated by the Employer,
the retroactive Annuity Starting Date is within the 120-day period
following the Members termination of employment with the Employer
and all Affiliated Employers.(B)
    
    The Members benefit, including any
interest adjustment, must satisfy the provisions of Section 415 of
the Code, both at the retroactive Annuity Starting Date and at the
actual commencement date, except that if the form of payment is not
subject to the provisions of Section 417(e)(3) of the Code and
payments commence within 12 months of the Members retroactive
Annuity Starting Date, the provisions of Section 415 of the Code need
only be satisfied as of the retroactive Annuity Starting Date.(C)
    
    If payment is made in the form of an
annuity that is not subject to the provisions of Section 417(e)(3) of
the Code, a payment equal in amount to the sum of the monthly
payments that the Member would have received during the period
commencing on his retroactive Annuity Starting Date and ending with
the month preceding his actual commencement date, plus interest at
the rate of 120 percent of the mid-term Applicable Federal Rate for
the first month of the applicable Plan Year, compounded annually, shall be paid to
the Member on his actual commencement date.(D)
    
    Spousal Consent to the retroactive Annuity
Starting Date is required for such election to be effective unless:
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(I)
    
    the amount of the survivor
annuity payable to the Spouse determined as of the
retroactive Annuity Starting Date under the form elected by
the Member is no less than the amount the Spouse would have
received under the Qualified Joint and Survivor Annuity if
the date payments commence were substituted for the
retroactive Annuity Starting Date; or(II)
    
    the Members Spouse on his
retroactive Annuity Starting Date is not his Spouse on his
actual commencement date and is not treated as his Spouse
under a qualified domestic relations order.
 (E)
    
    If the Member elects payment in a form of
payment that is subject to the provisions of Section 417(e)(3) of the
Code:
 (I)
    
    the monthly amount shall
not be less than the amount that would have been paid in the
same form on the retroactive Annuity Starting Date if the
benefit amount had been calculated using the IRS Interest
Rate and the IRS Mortality Table in effect on the actual
commencement date; and(II)
    
    interest shall be credited
in the same manner as described under clause (C) above.
 (F)
    
    The provisions of subparagraphs (i) and
(ii) above shall apply by substituting the actual commencement date
for the Annuity Starting Date.(G)
    
    Payment does not commence less than seven
days following the day after the notice is received by the Member,
nor more than 90 days following the day the notice is received by the
Member (except that the 90-day period may be extended due to
administrative delay).
 3.
    
    Section 2.3(d) is amended by changing the reference to paragraph (c)(iii) in the fourth and
fifth sentences thereof to read paragraph (c).
 BE IT FURTHER RESOLVED,
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GRAPHIC PACKAGING INTERNATIONAL, INC.
RETIREMENT COMMITTEE MEMBERSBy:

/s/ Daniel J. BlountDaniel J. BlountBy:

/s/ Brad AnkerholzBrad AnkerholzBy:

/s/ Cindy BaermanCindy BaermanBy:

/s/ Clint DemetriouClint Demetriou 5