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Exhibit 10.9    
    

 
  BOISE CASCADE CORPORATION
  
    1984 KEY EXECUTIVE STOCK OPTION PLAN
  
    (As Amended Through September 26, 2003)    

        1.    Establishment and Purpose.    

        1.1    Establishment.    Boise Cascade Corporation, a Delaware corporation, hereby establishes a Stock Option Plan for
key employees, which shall be known as the Boise Cascade Corporation 1984 Key Executive Stock Option Plan (the "Plan"). It is intended that some of the Options issued pursuant to the Plan may
constitute Incentive Stock Options within the meaning of Section 422A of the Internal Revenue Code, and the remainder of the Options issued pursuant to the Plan shall constitute Nonstatutory
Options. The Committee referred to in Section 2.1(c) of this Plan shall determine which Options are to be Incentive Stock Options and which are to be Nonstatutory Options and shall enter into
Option Agreements with Optionees accordingly. 

        1.2    Purpose.    The purpose of this Plan is to attract, retain, and motivate key employees of the Company and to
encourage stock ownership by these employees by providing them with a means to acquire a proprietary interest or to increase their proprietary interest in the Company's success. 

        2.    Definitions.    

        2.1    Definitions.    Whenever used in this Plan, the following terms shall have the meanings set forth below: 

        (a)   "Board"
means the board of directors of the Company. 

        (b)   "Code"
means the Internal Revenue Code of 1986, as amended from time to time. 

        (c)   "Committee"
means the Executive Compensation Committee of the Board or any successor to the Committee. 

        (d)   "Company"
means Boise Cascade Corporation, a Delaware corporation. 

        (e)   "Competitor"
means any business, foreign or domestic, which is engaged, at any time relevant to the provisions of this Plan, in the manufacture, sale, or distribution of
products, or in the providing of services, in competition with products manufactured, sold, or distributed, or services provided, by the Company or any subsidiary, partnership, or joint venture of the
Company. The determination of whether a business is a Competitor shall be made by the Company's General Counsel, in his or her sole discretion. 

        (f)    "Date
of Exercise" means the date the Company receives written notice, by an Optionee, of the exercise of an Option or Option and Stock Appreciation Right, pursuant to
Subsection 8.1 of this Plan. 

        (g)   "Employee"
means a key employee (including an officer of the Company), who is employed by the Company or any subsidiary, partnership, or joint venture of the Company on
a full-time basis, who is compensated for such employment by a regular salary, and who, in the opinion of the Committee, is in a position to contribute materially to its continued growth
and development and to its future financial success. The term "Employee" does not include persons who are retained by the Company only as consultants. 

        (h)   "Employment
with any Competitor" means providing significant services as an employee or consultant, or otherwise rendering services of a significant nature for
remuneration, to a Competitor. 

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        (i)    "Executive
Officer" means an Employee who has been duly elected by the Company's Board to serve as an executive officer of the Company in accordance with the Company's
Bylaws but shall not include assistant treasurers or assistant secretaries. 

        (j)    "Fair
Market Value" means: 

          (i)  the
closing price of the Stock as reported by the consolidated tape of the New York Stock Exchange on a particular date; or 

         (ii)  if
the Stock is not listed or traded on the New York Stock Exchange, then the closing sales price of the Stock on a national securities exchange on a particular date;
or 

        (iii)  if
the Stock is not listed on a national securities exchange, then the average of the closing bid and asking prices for the Stock in the
over-the-counter market for a particular date; or 

        (iv)  if
the Stock is not traded in the over-the-counter market, such value as the Company, in its discretion, may determine, but in no event greater
than the then fair market value of the Stock for federal income tax purposes. 

In
the event that there are no Stock transactions on such date, the Fair Market Value shall be determined as of the immediately preceding date on which there were Stock transactions. 

        (k)   "Grant
Price" means an amount not less than 100% of the Fair Market Value of the Company's Stock on the date of an Option's grant. 

        (l)    "Option"
means the right to purchase Stock of the Company at the Grant Price for a specified duration. For purposes of this Plan, an Option may be either (i) an
"Incentive Stock Option" within the meaning of Section 422A of the Code or (ii) a "Nonstatutory Option." 

        (m)  "Optionee"
means an Employee who has been granted an Option under this Plan. 

        (n)   "Pension
Plan" means the Boise Cascade Corporation Pension Plan for Salaried Employees, as amended from time to time. 

        (o)   "Retirement"
means an Employee's termination of employment with the Company (or any subsidiary, partnership, or joint venture of the Company) for reasons other than
death, total disability (as defined in the Pension Plan), or disciplinary reasons (as that term is used for purposes of the Company's Corporate Policy 10.2, Termination of Employment) at any time
after the Employee has attained age 55 with 10 or more years of service (as defined in the Pension Plan). 

        (p)   "Stock"
means the common stock, $2.50 par value, of the Company. 

        (q)   "Stock
Appreciation Right" means the right, exercisable by the Optionee, to receive a cash payment from the Company upon the exercise of an Option. The amount of this
cash payment and the conditions upon the exercise of the Stock Appreciation Right shall be determined by the Committee pursuant to Subsection 6.2 and Section 7. 

        (r)   "Tax
Offset Bonus" means a cash payment which the Company makes automatically upon the exercise of an Option equal to a percentage (as determined by the Committee
pursuant to Subsection 6.2 and Section 7) of the excess of the Fair Market Value of the Stock on a date determined by the Committee over the Grant Price of the Option, the purpose of which is
to offset partially the federal income tax incurred incident to exercising a Nonstatutory Option. 

        2.2    Number.    Except when otherwise indicated by the context, the definition of any term in the Plan in the
singular shall also include the plural. 

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        3.    Participation.    Participation in the Plan shall be determined by the Committee. Any Employee at any one time
and from time to time may hold more than one Option or Stock Appreciation Right granted under this Plan or under any other plan of the Company. No member of the Committee may participate in the Plan. 

        4.    Stock Subject to the Plan.    

        4.1    Number.    The total number of shares of Stock as to which Options and Stock Appreciation Rights may be granted
under the Plan shall not exceed 15,300,000. These shares may consist, in whole or in part, of authorized but unissued Stock or treasury Stock not reserved for any other purpose. 

        4.2    Unused Stock.    If any shares of Stock are subject to an Option or Stock Appreciation Right which, for any
reason, expires or is terminated unexercised as to such shares, such Stock may again be subjected to an Option or Stock Appreciation Right pursuant to this Plan. 

        4.3    Adjustment in Capitalization.    In the event of any change in the outstanding shares of Stock occurring after
ratification by shareholders of this Plan by reason of a Stock dividend or split, recapitalization, reclassification, merger, consolidation, combination or exchange of shares, or other similar
corporate change, the aggregate number of shares of Stock under this Plan and the number of shares of Stock subject to each outstanding Option and the related Grant Price shall be appropriately
adjusted by the Committee, whose determination shall be conclusive, provided, however, that fractional shares shall be rounded to the nearest whole share. No adjustments shall be made in connection
with the issuance by the Company of any warrants, rights, or Options to acquire additional shares of Stock or of securities convertible into Stock. 

        5.    Duration of the Plan.    The Plan shall remain in effect until all Stock subject to it has been purchased
pursuant to the exercise of the Options or Stock Appreciation Rights granted under the Plan. Notwithstanding the foregoing, no Options or Stock Appreciation Rights may be granted pursuant to this Plan
on or after the 20th anniversary of the Plan's effective date. 

        6.    Options.    

        6.1    Grant of Options.    Subject to the provisions of Subsection 4.1 and Section 5, Options may be granted
to Employees at any time and from time to time as shall be determined by the Committee. The Committee may request recommendations from the Chief Executive Officer of the Company. The Committee shall
determine whether an Option is to be an Incentive Stock Option within the meaning of Section 422A of the Code or a Nonstatutory Option. In no event, however, shall any grant of an Incentive
Stock Option provide for the Option to be or become exercisable in amounts in excess of $100,000 per calendar year. Furthermore, the aggregate number of shares of Stock with respect to which Options
or Stock Appreciation Rights may be granted to any one Employee throughout the duration of the Plan may not exceed 15% of the total number of shares of Stock available for issuance pursuant to
Subsection 4.1 of the Plan. 

        6.2    Option Agreement.    As determined by the Committee on the date of grant, each Option shall be evidenced by a
Stock Option agreement that specifies: 

          (i)  Grant
Price; 

         (ii)  duration
of the Option; 

        (iii)  number
of shares of Stock to which the Option pertains; 

        (iv)  vesting
requirements, if any; 

         (v)  whether
the Option is an Incentive Stock Option or a Nonstatutory Option; 

        (vi)  amount
and time of payment of Tax Offset Bonuses, if any; 

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       (vii)  the
amount of Stock Appreciation Rights, if any, and any conditions upon their exercise; 

      (viii)  duration
of the Stock Appreciation Rights, if any; 

        (ix)  Options
to which the Stock Appreciation Rights, if any, relate; 

         (x)  rights
of the Optionees upon termination of employment with the Company, provided that the termination rights for Optionees receiving Incentive Stock Options shall
conform with Section 422A of the Code; 

        (xi)  the
terms of the loan, if any, that will be made available in connection with the exercise of an Option; and 

       (xii)  such
other information as the Committee deems desirable. 

        No
Option shall have an expiration date later than the first day following the 10th anniversary of the date of its grant. The Stock Option agreement may be supplemented by adding Stock
Appreciation Rights with or Tax Offset Bonuses to previously granted Options as provided in Section 7. 

        6.3    Exercise.    Options granted under the Plan shall be exercisable at such times and be subject to such
restrictions and conditions as the Committee directs, which need not be the same for all Optionees. 

        6.4    Payment.    The Grant Price upon exercise of any Option shall be payable to the Company in full either: 

          (i)  in
cash (including an irrevocable commitment in writing to deliver cash resulting from the sale of Stock subject to an Option); 

         (ii)  by
tendering shares of Stock having a Fair Market Value at the time of exercise equal to the total Grant Price (in the exercise of a Nonstatutory Option, an Optionee
may surrender one or more shares of Stock in the exercise of an Option with instructions to resurrender any shares acquired upon exercise in one or more successive, simultaneous exercises until
Options covering the number of shares, which he or she specifies, have been exercised); 

        (iii)  with
the proceeds of a loan on such terms and conditions as may be authorized by the Committee (however, the rate of interest on any such loan shall not be less than
the applicable federal rate under Section 1274(d) of the Code on the date an Option is exercised, compounded semiannually); or 

        (iv)  by
any combination of (i), (ii) and (iii). 

        7.    Stock Appreciation Rights and Tax Offset Bonuses.    The Committee may grant Stock Appreciation Rights and/or
grant Options which pay Tax Offset Bonuses on such bases as the Committee shall determine, including but not limited to Stock Appreciation Rights which become exercisable or Tax Offset Bonuses which
become payable only upon an Optionee being subject to the restrictions of Section 16 of the Securities Exchange Act of 1934 at the time of exercise. A Stock Appreciation Right or Tax Offset
Bonus may be granted only with respect to an Option and may be granted concurrently with or after the grant of the Option. If Options granted on a particular date include Stock Appreciation Rights for
only Optionees who are subject to the requirements of Section 16 of the Securities Exchange Act of 1934, an Optionee receiving an Option on that date and who thereafter becomes subject to those
restrictions shall thereupon be deemed to have received Stock Appreciation Rights with respect to any unexercised Options granted on the particular date in the same weighted average proportion as the
Stock Appreciation Rights granted on the same grant date to the Optionees who were subject to the requirements of Section 16 of the Securities Exchange Act of 1934; 

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provided,
however, if 50% or more of the Board of Directors are employees of the Company and may receive Options under this plan, then the provisions of this sentence will apply only if, in each
instance, approved by the Committee. The Committee may cancel or place a limit on the term of, or the amount payable for, any Stock Appreciation Right or Tax Offset Bonus at any time and may
disapprove the election by the Optionee to exercise a Stock Appreciation Right rather than the related Option. The Committee shall determine all other terms and provisions of any Stock Appreciation
Right or Tax Offset Bonus. Each Stock Appreciation Right or Tax Offset Bonus granted by the Committee shall expire no later than the expiration of the Option to which it relates. In addition, any
Stock Appreciation Right granted with respect to an Incentive Stock Option may be exercised only if: 

          (i)  such
Incentive Stock Option is exercisable; and 

         (ii)  the
Grant Price of the Incentive Stock Option is less than the Fair Market Value of the Stock on the Date of Exercise. 

        8.    Written Notice, Issuance of Stock Certificates, Payment of Stock Appreciation Rights or Stockholder
Privileges.    

        8.1    Written Notice.    An Optionee electing to exercise an Option and any applicable Stock Appreciation Right shall
give written notice to the Company, in the form and manner prescribed by the Committee, indicating the number of shares of Stock with respect to which the Option is to be exercised. Full payment for
the Option exercised shall be received by the Company prior to issuance of any stock certificates. 

        8.2    Issuance of Stock Certificates.    As soon as reasonably practicable after the receipt of written notice of
exercise and payment of the exercise price, the Company shall issue and deliver to the Optionee or any
other person entitled to exercise an Option pursuant to this Plan a certificate or certificates for the requisite number of shares of Stock. 

        8.3    Payment of Stock Appreciation Rights and Tax Offset Bonuses.    As soon as practicable after receipt of written
notice of exercise, the Company shall pay to the Optionee, in cash, the amount payable under the Stock Appreciation Rights and the amount of any Tax Offset Bonuses. 

        8.4    Privileges of a Stockholder.    An Optionee or any other person entitled to exercise an Option under this Plan
shall not have stockholder privileges with respect to any Stock covered by the Option until the Date of Exercise. 

        8.5    Partial Exercise.    An Option may be exercised for less than the total number of shares granted by the Option.
An exercise of a portion of the shares granted under the Option shall not affect the right to exercise the Option from time to time for any unexercised shares subject to the Option. 

        9.    Rights of Employees.    

        9.1    Employment Not Guaranteed by Plan.    This Plan is not intended to and does not create a contract of employment
in any manner. Employment with the Company is at will, which means that either the employee or the Company may end the employment relationship at any time and for any reason. Nothing in this Plan
changes or should be construed as changing that at-will relationship. 

        9.2    Nontransferability.    All Options and Stock Appreciation Rights granted under this Plan shall be
nontransferable by the Optionee, other than by will or the laws of descent and distribution, and shall be exercisable during the Optionee's lifetime only by the Optionee or the Optionee's guardian or
legal representative. 

        Notwithstanding
the foregoing, Options granted to or held by any Executive Officer may be transferred as a gift (but not sold for value) by such Executive Officer to any immediate family 

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member
of such Executive Officer, to a trust established for the benefit of any immediate family members, to a partnership in which only immediate family members are partners, or to other similar
entities established for the benefit of immediate family members. Options so transferred shall continue to be subject to all terms and conditions described in the applicable Stock Option agreement,
and any such transfer by gift shall be subject to all applicable rules and regulations of the Internal Revenue Service and Securities and Exchange Commission. 

        10.    Optionee Transfer or Leave of Absence. For Plan purposes:    

        (a)   A
transfer of an Optionee from the Company to a subsidiary or vice versa, or from one subsidiary to another; or 

        (b)   A
leave of absence duly authorized by the Company 

shall
not be deemed a termination of employment. An Optionee, however, may not exercise an Option or any applicable Stock Appreciation Right during any leave of absence, unless authorized by the
Committee. 

        11.    Administration.    

        11.1    Administration.    The Committee shall have final discretion, responsibility, and authority to administer and
interpret the Plan. This includes the discretion and authority to determine all questions of fact, eligibility, or benefits relating to the Plan. The Committee may also adopt any rules it deems
necessary to administer the Plan. The Committee's responsibilities for administration and interpretation of the Plan shall be exercised by Company employees who have been assigned those
responsibilities by the Company's management. Any Company employee exercising responsibilities relating to the Plan in accordance with this section shall be deemed to have been delegated the
discretionary authority vested in the Committee with respect to those responsibilities, unless limited in writing by the Committee. Any Employee may appeal any action or decision of these employees to
the Company's General Counsel and may request that the Committee reconsider decisions of the General Counsel. The Committee shall have final discretion, responsibility, and authority to determine the
form and content of Options to be issued (which need not be identical) under the Plan; to provide for conditions and assurances deemed necessary or advisable to protect the interests of the Company;
and to make all other determinations necessary or advisable for the administration of the Plan. The Committee shall determine, within the limits of the express provisions of the Plan, the Employees to
whom and the time
or times at which Options and Stock Appreciation Rights shall be granted, the number of shares to be subject to each Option and Stock Appreciation Right, and the duration of each Option. In making
such determinations, the Committee may take into account the nature of the services rendered by such Employees or classes of Employees, their present and potential contributions to the Company's
success and such other factors as the Committee, in its discretion, shall deem relevant. The determination of the Committee, its interpretation, or other action made or taken shall be final and
binding on the Employees. 

        11.2    Incentive Stock Options.    Notwithstanding any contrary provision in this Plan, the Committee shall not take
any action or impose any terms or conditions with respect to an Option intended by the Committee to be an Incentive Stock Option which would cause such Option to not qualify as such under the Code and
applicable regulations and rulings in effect from time to time. 

        12.    Amendment, Modification, and Termination of the Plan.    The Board may, at any time, terminate and, at any time
and from time to time and in any respect, amend or modify the Plan, provided, however, that no such action of the Board, without approval of the stockholders, may: 

        (a)   Increase
the total amount of Stock which may be purchased through Options granted under the Plan, except as provided in Subsection 4.3 of the Plan. 

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        (b)   Change
the requirements for determining which Employees are eligible to receive Options or Stock Appreciation Rights. 

        (c)   Change
the provisions of the Plan regarding the Grant Price except as permitted by Subsection 4.3. 

        (d)   Permit
any person, while a member of the Committee, to be eligible to receive or hold an Option under the Plan. 

        (e)   Change
the manner of computing the amount to be paid through a Stock Appreciation Right. 

        (f)    Materially
increase the cost of the Plan. 

        (g)   Extend
the period during which Options and Stock Appreciation Rights may be granted. 

        No
amendment, modification, or termination of the Plan shall in any manner adversely affect the rights of an Optionee under the Plan without the consent of the Optionee. 

        13.    Acceleration of Stock Options.    If, while unexercised Options remain outstanding hereunder: 

        (a)   Any
Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 25% or more of either the then outstanding shares of
common stock of the Company or the combined voting power of the Company's then outstanding securities; provided, however, if such Person acquires securities directly from the Company, such securities
shall not be included unless such Person acquires additional securities which, when added to the securities acquired directly from the Company, exceed 25% of the Company's then outstanding shares of
common stock or the combined voting power of the Company's then outstanding securities; and provided further that any acquisition of securities by any Person in connection with a transaction described
in Subsection 13(c)(i) shall not be deemed to be a change in control of the Company; or 

        (b)   The
following individuals cease for any reason to constitute at least a majority of the number of directors then serving: individuals who, on the date hereof, constitute
the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent
solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company's stockholders was approved by a vote of at
least 2/3rds of the directors then still in office who either were directors on the date hereof or whose appointment, election, or nomination for election was previously so approved
(the "Continuing Directors");or 

        (c)   The
consummation of a merger or consolidation of the Company (or any direct or indirect subsidiary of the Company) with any other corporation other than (i) a
merger or consolidation which would result in both (a) Continuing Directors continuing to constitute at least a majority of the number of directors of the combined entity immediately following
consummation of such merger or consolidation, and (b) the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof) more than 50% of the combined voting power of the voting securities of the Company or
such surviving entity or any parent thereof outstanding immediately after such merger or consolidation, or (ii) a merger or consolidation effected to implement a recapitalization of the Company
(or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 25% or more of either the then outstanding shares of
common stock of the Company or the combined voting power of the Company's then outstanding securities; provided that securities acquired directly from the Company shall not be included unless the
Person acquires additional securities which, when added 

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to
the securities acquired directly from the Company, exceed 25% of the Company's then outstanding shares of common stock or the combined voting power of the Company's then outstanding securities; and
provided further that any acquisition of securities by any Person in connection with a transaction described in Subsection 13(c)(i) shall not be deemed to be a change in control of the Company;
or 

        (d)   The
stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or the consummation of an agreement for the sale or disposition by
the Company of all or substantially all of the Company's assets, other than a sale or disposition by the Company of all or substantially all of the Company's assets to an entity, more than 50% of the
combined voting power of the voting securities of which are owned by Persons in substantially the same proportions as their ownership of the Company immediately prior to such sale; 

then
from and after the date on which any such event described in paragraphs (a) through (d) above occurs (which shall constitute a "change in control" of the Company, provided that a
transaction described in Subsection 13(c) which is not a "change in control" of the Company solely due to the operation of Subsection 13(c)(i)(a) will nevertheless constitute a "change in control" of
the Company if the Board determines, prior to the consummation of the transaction, that there is not a reasonable assurance that, for at lest two years following the consummation of the transaction,
at least a majority of the members of the board of directors of the surviving entity or any parent will continue to consist of Continuing Directors and individuals whose election or nomination for
election by the shareholders of the surviving entity or any parent would be approved by a vote of at least two-thirds of the Continuing Directors and individuals whose election or
nomination for election has previously been so approved), all Options shall be exercisable in full, whether or not then exercisable under the terms of their grant. 

        For
purposes of this section, "Beneficial Owner" shall have the meaning set forth in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"). 

        For
purposes of this section, "Person" shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except that
"Person" shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its
subsidiaries, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, (iv) a corporation owned, directly or indirectly, by the stockholders of the
Company in substantially the same proportions as their ownership of stock of the Company, or (v) an individual, entity or group that is permitted to and does report its beneficial ownership of
securities of the Company on Schedule 13G under the Exchange Act (or any successor schedule), provided that if the individual, entity or group later becomes required to or does report its
ownership of Company securities on Schedule 13D under the Exchange Act (or any successor schedule), then the individual, person or group shall be deemed to be a Person as of the first date on
which the individual, person or group becomes required to or does report its ownership on Schedule 13D. 

        14.    Withholding Taxes.    Whenever shares of Stock are issued on the exercise of an Option under this Plan, the
Company shall (a) require the recipient of the Stock to remit to the Company an amount sufficient to satisfy all withholding taxes, (b) deduct from a cash payment pursuant to any Stock
Appreciation Right or Tax Offset Bonus an amount sufficient to satisfy any withholding tax requirements, or (c) withhold from, or require surrender by, the recipient, as appropriate, shares of
Stock otherwise issuable or issued upon exercise of the Option the number of shares sufficient to satisfy, to the extent permitted under applicable law, federal and state withholding tax requirements
resulting from the exercise. Stock withheld or surrendered under this paragraph shall be valued at its Fair Market Value on the date the amount of withholding tax is determined. 

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        15.    Shareholder Approval and Registration Statement.    Options may be granted under the Plan prior to shareholder
approval and prior to filing with the Securities and Exchange Commission and having an effective registration statement covering the Stock to be issued upon the exercise of Options. Any Options
granted under this Plan prior to shareholder approval and having an effective registration statement covering the Stock subject to such Options shall not be exercisable until and are expressly
conditional upon shareholder approval of the Plan and having an effective registration statement covering the Stock. 

        16.    Requirements of Law.    

        16.1    Requirements of Law.    The granting of Options and the issuance of shares of Stock upon the exercise of an
Option shall be subject to all applicable laws, rules and regulations, and shares shall not be issued nor cash payments made except upon approval of proper government agencies or stock exchanges, as
may be required. 

        16.2    Governing Law.    The Plan, and all agreements hereunder, shall be construed in accordance with and governed
by the laws of the state of Idaho. 

        17.    Effective Date of Plan.    The Plan shall become effective as of July 24, 1984, subject to ratification
by shareholders. 

9

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Exhibit 10.9

BOISE CASCADE CORPORATION 1984 KEY EXECUTIVE STOCK OPTION PLAN (As Amended Through September 26, 2003)QuickLinks
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Exhibit 10.10    
    

Executive
officers elected

prior to 12/1/87 

 
 

BOISE CASCADE CORPORATION
  
    1980 SPLIT-DOLLAR LIFE INSURANCE PLAN
  
    (As Amended Through September 26, 2003)    

        1.     Purpose of the Plan. The purpose of the Boise Cascade Corporation Split-Dollar Life Insurance Plan is to provide those
executive officers who participate in the Plan with an insured death benefit during employment and after retirement. Executive officers who become a Participant may purchase an ordinary life insurance
policy from a designated insurance carrier. Payment of policy premiums will be shared by Boise Cascade Corporation ("the Company"), as described herein. 

        Prior
to December 1, 1987, the Company designated all executive officers eligible to participate in the Plan. Beginning December 1, 1987, the Company intends to continue
the Plan in effect as hereafter restated. Eligibility for participation will not be made available to newly elected executive officers. 

        2.     Definitions. 

        2.1   Annual Premium. 

        (a)   The
amount of consideration determined by the Insurance Carrier for the cost of coverages provided by the Plan. For Plan purposes, the Annual Premium shall be separated
into three components: (i) The Basic Annual Premium or the Net Annual Premium, as applicable for the relevant year. The Basic
Annual Premium shall be the amount of the Annual Premium for life insurance coverage determined by the Insurance Carrier's published rate schedule. The Net Annual Premium shall be the amount of the
Basic Annual Premium described above less the then current Insurance Policy year's dividend, if paid in cash or if allocated to reduce the Insurance Policy's Annual Premium. The Basic Annual Premium
or the Net Annual Premium, if any, shall be payable as determined in accordance with the Plan and with the Premium Payment Schedule, attached hereto (or the Trustee's Payment Schedule, if applicable);
(ii) Waiver of Premium shall be the amount of premium for the waiver of premium on disability benefit, if available, determined in accordance with the Insurance Carrier's published rate
schedule; and (iii) any Extra Premium for an insurance risk, as determined by the Insurance Carrier. 

        (b)   To
the extent that the then current Insurance Policy year's dividend exceeds the Basic Annual Premium, such amount, if paid in cash in accordance with the Premium
Payment Schedule or Trustee's Payment Schedule attached hereto, shall be payable to the Company to be applied in accordance with Subsection 2.4(b). 

        2.2   Assignment. An agreement whereby the Participant, or his or her designee, as owner of the Insurance Policy, sets over
certain Insurance Policy rights to the Company as collateral security for the Company's Corporate Capital Interest and pursuant to the Plan. 

        2.3   Base Salary. The annual Base Salary paid by the Company to a Participant for services rendered at the time the
Participant is eligible to purchase an Insurance Policy. 

        2.4   Change in Control. A Change in Control shall be deemed to have occurred if: 

        (a)   Any
Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 25% or more of either the then outstanding shares of
common stock of the Company or the combined voting power of the Company's then outstanding securities; provided, however, if such Person acquires securities directly from the Company, such securities
shall not be included unless such Person acquires additional securities which, when added to the securities acquired directly from the Company, exceed 25% of the 

 

Company's
then outstanding shares of common stock or the combined voting power of the Company's then outstanding securities; and provided further that any acquisition of securities by any Person in
connection with a transaction described in Section 2.4(c)(i) shall not be deemed to be a Change in Control of the Company; or 

        (b)   The
following individuals cease for any reason to constitute at least a majority of the number of directors then serving: individuals who, on the date hereof, constitute
the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent
solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company's stockholders was approved by a vote of at
least 2/3rds of the directors then still in office who either were directors on the date hereof or whose appointment, election, or nomination for election was previously so approved
(the "Continuing Directors"); or 

        (c)   The
consummation of a merger or consolidation of the Company (or any direct or indirect subsidiary of the Company) with any other corporation other than (i) a
merger or consolidation which would result in both (a) Continuing Directors continuing to constitute at least a majority of the number of directors of the combined entity immediately following
consummation of such merger or consolidation, and (b) the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof) more than 50% of the combined voting power of the voting securities of the Company or
such surviving entity or any parent thereof outstanding immediately after such merger or consolidation, or (ii) a merger or consolidation effected to implement a recapitalization of the Company
(or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 25% or more of either the then outstanding shares of
common stock of the Company or the combined voting power of the Company's then outstanding securities; provided that securities acquired directly from the Company shall not be included unless the
Person acquires additional securities which, when added to the securities acquired directly from the Company, exceed 25% of the Company's then outstanding shares of common stock or the combined voting
power of the Company's then outstanding securities; and provided further that any acquisition of securities by any Person in connection with a transaction described in
Section 2.4(c)(i) shall not be deemed to be a Change in Control of the Company; or 

        (d)   The
stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or the consummation of an agreement for the sale or disposition by
the Company of all or substantially all of the Company's assets, other than a sale or disposition by the Company of all or substantially all of the Company's assets to an entity, more than 50% of the
combined voting power of the voting securities of which are owned by Persons in substantially the same proportions as their ownership of the Company immediately prior to such sale. 

        A
transaction described in Section 2.4(c) which is not a Change in Control of the Company solely due to the operation of Subsection 2.4(c)(i)(a) will nevertheless constitute a
Change in Control of the Company if the Board determines, prior to the consummation of the transaction, that there is not a reasonable assurance that, for at least two years following the consummation
of the transaction, at least a majority of the members of the board of directors of the surviving entity or any parent will continue to consist of Continuing Directors and individuals whose election
or nomination for election by the shareholders of the surviving entity or any parent would be approved by a vote of at least two-thirds of the Continuing Directors and individuals whose
election or nomination for election has previously been so approved. 

2

 

        For
purposes of this section and Section 2.17, "Beneficial Owner" shall have the meaning set forth in Rule 13d-3 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). 

        For
purposes of this section and Section 2.17, "Person" shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and
14(d) thereof, except that "Person" shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of
the Company or any of its subsidiaries, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, (iv) a corporation owned, directly or indirectly,
by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, or (v) an individual, entity or group that is permitted to and does report
its beneficial ownership of securities of the Company on Schedule 13G under the Exchange Act (or any successor schedule), provided that if the individual, entity or group later becomes required
to or does report its ownership of Company securities on Schedule 13D under the Exchange Act (or any successor schedule), then the individual, person or group shall be deemed to be a Person as
of the first date on which the individual, person or group becomes required to or does report its ownership on Schedule 13D. 

        2.5   Committee. The Executive Compensation Committee of the Company's Board of Directors or any successor to the Committee. 

        2.6   Corporate Capital Interest. 

        (a)   During
the first 7 policy years of an Insurance Policy, Corporate Capital Interest shall be the Insurance Policy's Basic Annual Premiums less (i) the amount of
the value of the economic benefit to the Participant set forth in Subsection 6.1(a) and (ii) policy loan(s) made during the policy year, if any,  plus the prior policy year's Corporate Capital
Interest, if any. 

        (b)   For
the 8th and subsequent policy years, Corporate Capital Interest shall be the Insurance Policy's Basic Annual Premium or its Net Annual Premium, if any, whichever is
applicable for the relevant year in accordance with the Premium Payment Schedule or Trustee's Payment Schedule (whichever governs), less (i) the amount of any dividend in excess of the Basic
Annual Premium paid in cash to the Company in accordance with the Premium Payment Schedule or Trustee's Payment Schedule (whichever governs) attached hereto, and (ii) policy loans outstanding,
if any, plus the sum of (i) the Scheduled Amount for the relevant year, if any, and (ii) the prior year's Corporate Capital Interest, if
any. 

        2.7   Deferred Compensation and Benefits Trust. The irrevocable trust (the "DCB Trust") established by the Company with an
independent trustee for the benefit of persons entitled to receive payments or benefits hereunder, the assets of which will be subject to claims of the Company's creditors in the event of bankruptcy
or insolvency. 

        2.8   Effective Date. February 26, 1980. 

        2.9   Employee. An individual who receives a Base Salary for personal services rendered to the Company. 

        2.10 Insurance Carrier. The life insurance companies selected to issue policies under or pursuant to the Plan. 

        2.11 Insurance Policy. Any individually purchased whole-life insurance policy issued by the Insurance Carrier
pursuant to the Plan. Unless required otherwise by the Plan, Insurance Policy terms used herein shall have the same meaning as in the Insurance Policy. In amplification, but not in limitation, of the
foregoing, such Insurance Policy terms as policy year, dividend, and policy loan shall have the same meaning as contained in the Insurance Policy. 

        2.12 IRC. Internal Revenue Code of 1986, as amended. 

3

 

        2.13 Participant. An Employee of the Company who is designated eligible to participate in the Plan and who has met all the
applicable eligibility requirements under the Plan. 

        2.14 Pension Plan. The Boise Cascade Corporation Pension Plan for Salaried Employees, as amended from time to time. 

        2.15 Plan. This Boise Cascade Corporation Split-Dollar Life Insurance Plan. 

        2.16 Plan Administrator. The Company's Salaried and Executive Compensation Manager, P.O. Box 50, Boise, Idaho
83728-0001, unless a different person is subsequently designated as Plan Administrator in a resolution adopted by the Board of Directors of the Company and such person accepts the
designation. 

        2.17 Potential Change in Control. A Potential Change in Control shall be deemed to have occurred if (a) the Company
enters into an agreement, the consummation of which would result in the occurrence of a Change in Control of the Company; (b) the Company or any Person publicly announces an intention to take
or to consider taking actions which if consummated would constitute a Change in Control of the Company; (c) any Person becomes the Beneficial Owner, directly or indirectly, of securities of the
Company representing 9.5% or more of either the then outstanding shares of common stock of the Company or the combined voting power of the Company's then outstanding securities, provided that
securities acquired directly from the Company shall not be included unless the Person acquires additional securities which, when added to the securities acquired directly from the Company, exceed 9.5%
of the Company's then outstanding shares of common stock or the combined voting power of the Company's then outstanding securities; or (d) the Board adopts a resolution to the effect that a
Potential Change in Control has occurred. 

        2.18 Premium Payment Schedule. The schedule of Insurance Policy premiums payable by the Company, as specified on the form
attached hereto. 

        2.19 Retirement. The termination of employment of a Participant, for reasons other than death or total disability (as defined
in the Pension Plan), at any time after the Participant has attained age 55 with 10 or more years of service (as defined in the Pension Plan). 

        2.20 Scheduled Amount. An additional dollar amount recoverable by the Company at the Insurance Policy's paid-up
date, added annually over the period to such date, to be added to the Corporate Capital Interest pursuant to Section 2.6. 

        2.21 Trustee's Payment Schedule. The schedule of Insurance Policy premiums payable by the Trustee of the Deferred
Compensation and Benefits Trust after a Change in Control, as specified on the form attached hereto. 

        3.     Administration and Interpretation of the Plan. 

        3.1   Plan Administrator. The Committee shall have final discretion, responsibility, and authority to administer and interpret
the Plan. This includes the discretion and authority to determine all questions of fact, eligibility, or benefits relating to the Plan. The Committee may also adopt any rules it deems necessary to
administer the Plan. The Committee's responsibilities for administration and interpretation of the Plan shall be exercised by Company employees who have been assigned those responsibilities by the
Company's management. Any Company employee exercising responsibilities relating to the Plan in accordance with this section shall be deemed to have been delegated the discretionary authority vested in
the Committee with respect to those responsibilities, unless limited in writing by the Committee. Any Participant may appeal any action or decision of these employees to the Company's General Counsel
and may request that the Committee reconsider decisions of the General Counsel. Claims for benefits under the Plan and 

4

 

appeals
of claim denials shall be in accordance with Section 9. Any interpretation by the Committee shall be final and binding on the Participants. 

        3.2   Insurance Carrier. The Insurance Carrier shall be responsible for all matters relating to any Insurance Policy. Not in
limitation, but in amplification of the foregoing, the Insurance Carrier shall decide whether it will issue an Insurance Policy on the life of a Participant who has otherwise met all of the Plan's
eligibility requirements. 

        4.     Eligibility to Participate. In order to become a Participant in the Plan, an Employee must meet all of the following
requirements: 

        (a)   Be
an executive officer prior to December 1, 1987; 

        (b)   Make
application in the manner set by the Plan Administrator; 

        (c)   Meet
the insurability requirements of the Insurance Carrier; and 

        (d)   Sign
all documents, including the Assignment, presented by the Plan Administrator necessary or appropriate to carry out the intent of the Plan. 

        5.  Benefits. 

        5.1   Purchase of Insurance. Each Employee designated eligible to participate in the Plan (or such third party as he or she may
designate and who is acceptable to the Company and the Insurance Carrier) may apply for and purchase an Insurance Policy funded in the manner set forth in Section 6. The face amount of the
Insurance Policy for each Participant shall be based upon the Participant's Base Salary and chronological age (at the time specified in Section 5.2), in accordance with the following schedule,
less $50,000. 

	Through Age 45	 	Six Times Base Salary
	Age 46 - 50	 	Five Times Base Salary
	Age 51 - 55	 	Four Times Base Salary
	Age 56 to Retirement	 	Three Times Base Salary

The
face amount of the Insurance Policy shall be rounded up to a multiple of $10,000, where necessary. 

        5.2   Timing of Purchase of Insurance. The right of a Participant (or his or her designee) to purchase an Insurance Policy
under the Plan is granted only upon the initial adoption of the Plan, initial eligibility of the Participant under the Plan, or when a Participant is moved to a job in a higher salary range which, in
applying the schedule set forth in Section 5.1 at the Participant's then current age and Base Salary, would result in a minimum face-amount benefit increase of $50,000, provided,
however, that no Insurance Policy may be purchased on or after December 1, 1987, and provided, further, that no increase shall take place after a Participant reaches age 60. Since participation
under the Plan involves the purchase of an Insurance Policy which is subject to the Participant's insurability, the Company does not guarantee that each Participant will be able to acquire an
Insurance Policy pursuant to this Plan. 

        5.3   Amount of Death Benefit. The death benefit shall be paid from the Insurance Policy. The amount of the death benefit
payable to the Participant's beneficiary shall be subject to the Assignment. In addition, the Participant shall receive a $50,000 death benefit pursuant to the Boise Cascade Group Life Insurance Plan. 

        5.4   Beneficiary Designation. The death benefit is payable to the beneficiary or beneficiaries designated by the owner of the
Insurance Policy. If no beneficiary is designated, the beneficiary shall be the person or persons entitled to the death benefit under the terms of the Insurance Policy or applicable state law,
whichever governs. 

5

 

        5.5   Payment of Death Benefit. The death benefits shall be paid upon the submission to the Insurance Carrier of the
appropriate proof of death and a claim for benefits. 

        6.     Contributions and Funding. 

        6.1   The First Seven Policy Years. During the first 7 policy years, the responsibility for the payment of the premiums shall
be allocated as follows: 

        (a)   Responsibility
of Participant. 

        (1)   The
"value of the economic benefit" to the Participant as determined pursuant to Internal Revenue Service rules in accordance with a table approved by the Internal
Revenue Service. During the first 7 policy years, this amount shall be paid by the Company on behalf of the Participant and treated as compensation to the Participant. 

        (2)   Any
Extra Premium which is in excess of 40% of the Basic Annual Premium. 

        (b)   Responsibility
of Company. 

        (1)   The
difference between the Basic Annual Premium and that portion for which the Participant is responsible pursuant to Subsection 6.1(a)(1). 

        (2)   (i) Any
Extra Premium in an amount up to 40% of the Basic Annual Premium and (ii) any premium for Waiver of Premium. 

        The
Company shall, at its option, have the authority to borrow against the Insurance Policy up to an amount not to exceed the Corporate Capital Interest. However, the Company shall pay
to the Insurance Carrier no fewer than 4 Annual Premiums during the first 7 policy years, and in no event shall it borrow an amount greater than the sum of 3 years' payments described in
Subsection 6.1(b)(1). All interest payments as a result of such borrowing shall be the responsibility of the Company. 

        6.2   Subsequent Policy Years. The Company, at the beginning of the 8th policy year, shall repay the Insurance Policy loan
previously made pursuant to Subsection 6.1(b)(2). The Company shall participate in the funding for the payment of the Annual Premiums on the Insurance Policy until the policy anniversary date on which
the Insurance Policy becomes a paid-up contract. During such period, the responsibility for the payment of premiums shall be allocated as follows: 

        (a)   Responsibility of the Participant. 

        (1)   The
tax on the "value of the economic benefit" as determined pursuant to Internal Revenue Service rules in a manner approved by the Internal Revenue Service. The dollar
amount of the "value of the economic benefit" shall be treated as taxable compensation to the Participant. 

        (2)   Any
Extra Premium which is in excess of 40% of the Basic Annual Premium. 

        (b)   Responsibility of the Company. 

        (1)   (a)
The Insurance Policy's Basic Annual Premium, or its Net Annual Premium, if any, as applicable for the relevant year; (b) any Extra Premium in an amount up to
40% of the Basic Annual Premium; and (c) any premium for Waiver of Premium. 

        (2)   Except
in the event of a Change in Control, the Company shall, at its option, have the authority to borrow against the Insurance Policy up to an amount not to exceed the
Corporate Capital Interest, as provided for in the Assignment. All interest payments as a result of such borrowing shall be the responsibility of the Company. 

        (3)   Immediately
upon a Potential Change in Control or upon a Change in Control, the Company shall repay Insurance Policy loans, if any, and shall not make any policy 

6

 

loans,
as otherwise provided for in Subsection 6.2(b)(2), within a 1-year period after a Potential Change in Control, or at any time after a Change in Control, except upon the date
specified in Section 6.3. 

        6.3   Termination of Company Funding. Notwithstanding any other provisions in this Plan, and except in the event of or after a
Change in Control, the Company shall terminate its participation in the funding of the Insurance Policy on the first of the following events: 

        (a)   The
date the Insurance Policy becomes a paid-up contract; 

        (b)   The
death of a Participant; or 

        (c)   The
termination of employment of a Participant other than by death or retirement; however, at the Company's sole discretion, it may continue its participation in the
funding until the date the Insurance Policy becomes a paid-up contract. 

        In
the event of a termination described in (a) above, the Company will recover its Corporate Capital Interest by Insurance Policy loan and release its interest in the Insurance
Policy. 

        In
the event of a termination described in (b) above, the Company shall recover its Corporate Capital Interest out of the death benefit of the Insurance Policy. Thereafter, the
Participant's beneficiary shall succeed to full control of the balance of the proceeds. 

        In
the event of a termination described in (c) above, the Participant may purchase any portion of the Company's Corporate Capital Interest in the Insurance Policy pursuant to
terms as established by the Plan Administrator. Any amount purchased shall result in the Company's recovery of its Corporate Capital Interest equal to the amount purchased. Any portions of the
Insurance Policy not purchased by the Participant shall be treated in a manner deemed appropriate by the Plan Administrator. The provisions of Subsection 6.3(c) shall be subject to any applicable
severance agreement between the Company and the Participant. 

        6.4   Company Release and Reassignment. Upon any termination of company funding, the Company will release Insurance Policy
rights granted to it by the Assignment. Thereafter, the Company shall have no involvement whatsoever, direct or indirect, in the Insurance Policy. From such date, the Participant shall be solely
responsible for the payment of any premium and Insurance Policy loan interest due. 

        7.     Disqualification and Reduction, Loss, Forfeiture, or Denial of Benefits. The benefits to be provided under this Plan will
not be available to an Employee upon any of the following events: 

        (a)   Except
in the event of a Change in Control, the Company may, at any time, amend or terminate the Plan, provided that the Company may not reduce or modify the level of
benefits provided to the Participant prior to the amendment or termination without prior consent of the Participant; 

        (b)   If
the Plan is terminated, whether as to all Participants or as to an individual Participant, a Participant shall be able to preserve and continue the Insurance Policy
on his or her life by paying the Company its Corporate Capital Interest. Thereafter, the Participant will be responsible for all future premiums and Insurance Policy loan interest due; 

        (c)   After
any termination of Company Funding, policy benefits may be reduced or terminated with respect to a Participant if not properly funded by the Participant; or 

        (d)   The
amount of a Participant's death benefits may vary each year. Not in limitation, but in amplification of the foregoing, the amount of policy dividends of the
Insurance Policies and the amount of the Corporate Capital Interest may vary the death benefits. 

7

 

        8.     Deferred Compensation and Benefits Trust. Upon the occurrence of a Change in Control of the Company or at any time
thereafter, the Company, in its sole discretion, may transfer to the DCB Trust cash, marketable securities, or other property acceptable to the trustee to pay the Company's obligations under this Plan
in whole or in part (the "Funding Amount"). Any cash, marketable securities, and other property so transferred shall be held, managed, and disbursed by the trustee subject to and in accordance with
the terms of the DCB Trust. In addition, from time to time, the Company may make additional transfers of cash, marketable securities, or other property acceptable to the trustee as desired by the
Company in its sole discretion to maintain or increase the Funding Amount with respect to this Plan. The assets of the DCB Trust, if any, shall be used to pay benefits under this Plan, except to the
extent the Company pays such benefits. The Company and any successor shall continue to be liable for the ultimate payment of those benefits. 

        8.1   Trustee's Rights and Obligation. In the event of a Change in Control, the trustee for the DCB Trust shall at all times
thereafter be obligated for amounts payable in accordance with the Trustee's Payment Schedule, to the extent the DCB Trust is funded pursuant to Section 8. The Company shall notify the
Insurance Carrier of a Change in Control. 

        8.2   Plan Funding. In the event of a Change in Control, the Company shall be required to participate in the funding of each
Insurance Policy until the date the Insurance Policy becomes a paid-up contract. 

        8.3   Termination of Funding. In the event of and after a Change in Control, the Trustee shall be required to continue the
funding of the Insurance Policy until the later of (a) the applicable date specified in Subsections 6.3(a) or 6.3(b), whichever is earlier, or (b) the date specified in any severance
agreement between the Company and the Participant. 

        8.4   Amendment and Termination. In the event of and after a Change in Control, the Plan may not be amended or terminated and a
Participant shall have the right to rely on the continuation of the Funding of an Insurance Policy as provided in Section 8. 

        9.     Claim Procedure. All death benefits provided under the Plan are to be paid from the Insurance Policies. The Company has
adopted the claim procedure established by the Insurance Carrier as a claim procedure for the Plan. The beneficiary of the policy proceeds must file a claim for benefits with the Insurance
Carrier in whatever form the Insurance Carrier may reasonably require. If the Insurance Carrier denies the claim, the beneficiary who wants to have that denial reviewed will have to follow the
Insurance Carrier's claims review procedure. The Company shall have no liability in the event an Insurance Carrier denies a beneficiary's claim for benefits. 

        10.   Miscellaneous. 

        10.1 Employment Not Guaranteed by Plan. This Plan is not intended to and does not create a contract of employment in any
manner. Employment with the Company is at will, which means that either the employee or the Company may end the employment relationship at any time and for any reason. Nothing in this Plan changes or
should be construed as changing that at-will relationship. 

        10.2 Taxes. The Company shall deduct from each Participant's compensation all applicable federal or state taxes that may be
required by law to be withheld resulting from the Company's funding of the Insurance Policy under the Plan. 

        10.3 Governing Law. The Plan shall be construed according to the laws of the state of Idaho. 

        10.4 Form of Communication. Any election, application, claim, notice, or other communication required or permitted to be made
by a Participant to the Committee or the Company shall be made in writing and in such form as the Company may prescribe. Such communication shall be 

8

 

effective
upon receipt by the Company's Salaried and Executive Compensation Manager at 1111 West Jefferson Street, P.O. Box 50, Boise, Idaho 83728-0001. 

        10.5 Amendment and Termination. Except after a Change in Control, the Board of Directors may, at any time, amend or terminate
the Plan. At any date of termination not preceded by a Change in Control, a Participant shall be entitled to preserve and continue the Insurance Policy in accordance with Subsection 6.3(c). 

        10.6 Agent for Service of Process. The Plan Administrator is designated as the agent to receive service of legal process on
behalf of the Plan. 

        10.7 Constructional Rules. When appropriate, the singular as used in this Plan shall include the plural, and vice versa. 

        11.   Statement of ERISA Rights. Each Participant in the Plan is entitled to certain rights and protections under the Employee
Retirement Income Security Act of 1974 (ERISA). ERISA provides that all Participants shall be entitled to: 

        (a)   Examine,
without charge, at the Plan Administrator's office all Plan documents. 

        (b)   Obtain
copies of all Plan documents and other Plan information upon written request to the Plan Administrator. The Plan Administrator may make a reasonable charge for
the copies. 

        (c)   File
suit in a federal court if any materials requested are not received within 30 days of the Participant's request, unless the materials were not sent because
of matters beyond the control of the Plan Administrator. The court may require the Plan Administrator to pay up to $100 for each day's delay until the materials are received. 

        In
addition to creating rights for Participants, ERISA imposes obligations upon the persons who are responsible for the operation of the Plan. As "fiduciaries," these persons must act
solely in the interest of the Participants, and they must exercise prudence in the performance of their Plan duties. Fiduciaries who violate ERISA may be removed and required to make good any losses
they have caused the Plan. The Company may not fire, discriminate against, or prevent a Participant from obtaining a welfare benefit or exercising his or her rights under ERISA. If a Participant is
improperly denied a welfare benefit in full or in part, he or she has a right to file suit in a federal or state court. If Plan fiduciaries are misusing the Plan's money, a Participant has a right to
file suit in a federal court or request assistance from the U.S. Department of Labor. If a Participant is successful in the lawsuit, the court may, if it so decides, require the other party to pay his
or her legal costs, including attorneys' fees. 

        If
a Participant has any questions about the foregoing or his or her rights under ERISA, the Participant should contact the Plan Administrator or the nearest area office of the U.S.
Labor-Management Service Administration, Department of Labor. 

9

QuickLinks

Exhibit 10.10

BOISE CASCADE CORPORATION 1980 SPLIT-DOLLAR LIFE INSURANCE PLAN (As Amended Through September 26, 2003)

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