Exhibit 10.36


 


BOISE PAPER HOLDINGS, L.L.C.


FINANCIAL COUNSELING PROGRAM


Effective February 22, 2008


 


The company shall provide financial counseling benefits to its
officers, as described in this program.


 


WHO IS ELIGIBLE


 


Elected officers of Boise Paper Holdings, L.L.C. are eligible for
benefits under this program.  Spouses and
dependents are not eligible.


 


WHAT THE POLICY COVERS


 


Expenses incurred by eligible officers for covered financial counseling
services provided by a professional of the officer’s choice will be reimbursed
or paid.  Reimbursements and payments
will be “grossed up” for taxes.  The
amount available under the program, including the tax gross-up amount, is a
maximum of $5,000 each calendar year. 
Unused amounts up to one year’s allowance ($5,000) may be carried over
from year to year.  Notwithstanding the
foregoing, for the 2008 calendar year, each eligible officer shall have $5,000
available, plus any amount carried over from 2007 under the Boise Cascade,
L.L.C. Financial Counseling Program, less any amounts used between January 1,
2008, and the effective date of this Program.


 


The program provides reimbursement or payment (up to the $5,000 limit,
including tax gross-up) for the following covered services:


 


·      Investment planning


·      Tax preparation


·      Tax planning &
compliance


·      Estate planning


 


These services may involve several providers, including accountants,
lawyers, and/or investment counselors.


 


WHAT THE POLICY DOES NOT COVER


 


Expenses for items in the following list are not covered under the
policy:


 


·      Services rendered prior to
the date an individual became eligible for coverage under this program.


·      Services rendered for
ineligible individuals (e.g., tax preparation charges for a dependent’s tax
return).


 


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HOW TO FILE A CLAIM


 


Invoices for received services should be approved by the officer with
his or her signature and sent to the director of compensation and benefits in
Boise, Idaho, together with a request to either pay the provider directly (if
the officer has not already paid) or reimburse the officer (if the officer has
already paid).  Properly submitted
invoices will be paid as soon as practical, but in any event no later than March 15
of the year following the year in which the invoice was submitted.


 


PROGRAM ADMINISTRATION


 


If a dispute or disagreement arises regarding terms of coverage or
benefits provided under this policy, the officer must send a written notice of
dispute to the director of compensation and benefits.  The company has the sole authority to make
final determinations regarding any claim for benefits and the interpretation of
this program.


 


TAXABILITY


 


All benefits paid under this policy are considered taxable income to
the officer, are subject to tax withholding requirements, and will be reflected
in Form W-2 earnings.


 


MISCELLANEOUS


 


The company reserves the right to change, modify or discontinue the benefits
offered under this program at any time. 
Eligible officers do not have any ongoing rights to any benefit other
than reimbursement/payment for covered expense incurred before the date of the
change, modification or discontinuance.


 


Neither this program nor any of the company’s other policies or
benefits programs should be considered a contract for purposes of employment or
payment of benefits.  Employment with
Boise is “at will” and may be terminated at any time, with or without cause, by
the employee or the company.


 


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