Exhibit 10.19


             


            Summary of Director Compensation for Fiscal 2008


             


            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.