Document:

Exhibit

GRAPHIC PACKAGING INTERNATIONAL, INC.

AMENDMENT TO THE
GRAPHIC PACKAGING INTERNATIONAL, INC. NON-QUALIFIED DEFERRED COMPENSATION PLAN

The undersigned, being all the members of the Board of Directors of Graphic Packaging International, Inc., a Delaware corporation (the "Plan Sponsor") hereby make this amendment to the Graphic Packaging International, Inc. Non-Qualified Deferred Compensation Plan (the "Plan").

W I T N E S S E T H :

WHEREAS, the Plan Sponsor adopted the Plan effective as of July 1, 2011, to provide deferred compensation opportunities to a select group of employees;

WHEREAS, pursuant to the terms of an offer letter to Stephen Scherger ("Scherger") dated March 30, 2012 (the "Offer Letter"), the Plan Sponsor agreed to provide cetain deferred compensation to Scherger under the Plan upon commencement of employment with the Plan Sponsor as its Senior Vice President, Consumer Packaging Division;

WHEREAS, the Plan Sponsor desires to amend the Plan in regard to establishment of an Account (as such term is defined in the Plan) under the Plan on behalf of Scherger pursuant to the terms of the Offer Letter;

WHEREAS, Section 10.1 of the Plan authorizes the Board of Directors of the Plan Sponsor (the "Board") to amend the Plan;

NOW, THEREFORE, the Plan is hereby amended by adding a new Section 13.12 at the end thereof, to read as follows:

13.12 Non-Qualified Deferred Compensation for Stephen Scherger. As soon as administratively practicable after the date of commencement of employment of Stephen Scherger ("Scherger") with the Plan Sponsor, the Plan Sponsor shall cause to be credited to an Account for Scherger under the Plan a one-time employer contribution of One Million and no/100 Dollars ($1,000,000.00).  Except as otherwise provided in this Section 13.12, such Account shall be subject to all applicable terms and conditions of the Plan.

Scherger' s vested interest in the amount so credited, as adjusted for earnings in accordance with the terms of the Plan, will be based on the following schedule with Scherger's continued employment with the Plan Sponsor

throughout each relevant period:  (i) twenty percent (20%) thereof will vest on April 1, 2013; (ii) an additional twenty percent (20%) of the balance in such Account will vest on April 1, 2014; and (iii) the remaining amount in such Account will vest on April 1, 2015, so that such Account is fully vested following three (3) years of continuous employment with the Plan Sponsor.

The amount so credited to Scherger's Account under the Plan (as adjusted for earnings) will be subject to all applicable terms and conditions of the Plan. If Scherger's employment with the Plan Sponsor terminates for any reason before the third anniversary of the date of commencement of his employment, the vested balance of such Account (determined under the vesting schedule described above) will be payable in the form of a single lump-sum payment upon the Scherger's Separation from Service, subject to all applicable terms and conditions of the Plan, and all unvested amounts shall be forfeited.

IN WITNESS WHEREOF, the undersigned, being all the members of the Board of Directors of the Plan Sponsor, have executed this Amendment on the date first written above.

By:  /s/ David W. Scheible
David W. Scheible

By:  /s/ Daniel J. Blount
Daniel J. Blount

By:  /s/ Stephen A. Hellrung
Stephen A. HellrungExhibit

GRAPHIC PACKAGING INTERNATIONAL, INC.

SECOND AMENDMENT TO THE
GRAPHIC PACKAGING INTERNATIONAL, INC. NON-QUALIFIED DEFERRED COMPENSATION PLAN

The undersigned, being all the members of the Board of Directors of Graphic Packaging International, Inc., a Delaware corporation (the "Plan Sponsor") hereby make this amendment to the Graphic Packaging International, Inc. Non-Qualified Deferred Compensation Plan (the "Plan").

W I T N E S S E T H :

WHEREAS, the Plan Sponsor adopted and maintains the Graphic Packaging International, Inc. Non-Qualified Deferred Compensation Plan (the "Plan") which consists of the Adoption Agreement and Base Document and was effective as of July 1 , 2011 ;

WHEREAS, the Plan Sponsor reserves the right pursuant to section 1 0.1 of the Base Document to amend the Plan;

WHEREAS, pursuant to the terms of an employment letter to Walter McMann of May 17, 2013, the Employer provided for Employer Contributions, other than a Matching Contribution, as permitted under Section 5.0 l (b) of the Adoption Agreement, for such individual; and

WHEREAS, the Employer wishes to amend the Plan documents to reflect the time and form of distribution and vesting schedule applicable to such Employer Contributions pursuant to the employment letter, and to contemplate additional such Employer Contributions.

NOW, THEREFORE, the Employer hereby amends the Adoption Agreement of the Plan, as follows:

1.  The following language shall be added to the end of Section 6.01 (b) of the Adoption Agreement:

"Notwithstanding the foregoing provisions of this Section 6.0 l (b):

Any Employer Contribution, other than a Matching Contribution, granted to Walter McMann effective as of May 17, 2013 (or thereafter), will be distributed in the form of a lump sum upon Separation from Service plus 6 months (as  described  in  Section
6.0 1 (b)(iv) above), subject to the Distribution Election Change provisions of Section 9.2 of the Base Plan and Section 6.0 l (g) of the Adoption Agreement.

Effective as of November 1, 2013, with respect to any Employer Contribution, other than a Matching Contribution, made thereafter  by the Employer, the Employer may, in its discretion, designate a time and form of distribution that is different from that selected by the Participant pursuant to Section 6.0 l(b) of the Adoption Agreement; provided, that such time and form of distribution is designated at the time such Employer Contribution is granted. Additionally, with respect to any Employer Contribution, other than a Matching Contribution, with respect to which no Participant election has been made pursuant to this Section 6.0l (b) and the Employer has not designated a time and form of distribution pursuant to the preceding sentence, such Employer Contribution shall be distributed in the form of a lump sum upon Separation from Service plus 6 months (as described in Section 6.0 l (b)(iv) above)."

2.  The following language shall be added to the end of Section 7.0l(b) of the Adoption Agreement:

"Notwithstanding the foregoing provisions of this Section 7.0l(b):

Any Employer Contribution, other than a Matching Contribution, granted to Walter McMann effective as of May 17, 2013 (or thereafter), will vest 100% after completion of one Year of Service from the date of such grant.

Effective as of December 30, 2013, the Employer may, in its discretion, designate a separate vesting schedule that is different from that set forth above in this Section 7.01(b) for any Employer Contribution , other than a Matching Contribution ; provided, that such vesting schedule is established at the time such Employer Contribution is granted."

IN WITNESS WHEREOF, the undersigned, being all the members of the Board of Directors of the Plan Sponsor, have caused this Second Amendment to be executed on December 30, 2013.

GRAPHIC PACKAGING INTERNATIONAL, INC.

By:  /s/ David W. Scheible
David W. Scheible

By:  /s/ Daniel J. Blount
Daniel J. Blount

By:  /s/ Stephen A. Hellrung
Stephen A. HellrungExhibit

GRAPHIC PACKAGING INTERNATIONAL, INC.

THIRD AMENDMENT TO THE
GRAPHIC PACKAGING INTERNATIONAL, INC. NON-QUALIFIED DEFERRED COMPENSATION PLAN

The undersigned, being all the members of the Board of Directors of Graphic Packaging International, Inc. a Delaware corporation (the "Plan Sponsor") hereby make this amendment to the Graphic Packing International, Inc. Non-Qualified Deferred Compensation Plan (the "Plan").

W l T N E S S E T H :

WHEREAS, the Plan Sponsor adopted and maintains the Plan which consists of the Adoption Agreement and Base Document and was effective as of July 1, 201l;

WHEREAS, the Plan Sponsor reserves the right pursuant to section 10.1 of the Base Document to amend the Plan; and

WHEREAS, the Plan Sponsor wishes to amend the Plan documents to fully vest and accelerate the funding of Employer Contributions for Participants who are employed by a division, group, facility or other segment of the Plan Sponsor's business that is divested.

NOW, THEREFORE, effective as of June 23rd, 2014, the Plan Sponsor hereby amends the Plan as follows:

I. The following new subsection (d) is added to the end of Section 5.01 of the Adoption Agreement:

"(d)    Certain Divestitures

Notwithstanding the foregoing provisions of this Section 5.01 , if a Participant experiences a "Divestiture Termination" (as defined below) during a Plan Year, (i) any requirements that such Participant be employed on a later day during such Plan Year or complete a specific amount of service during such Plan Year shall be waived, and (ii) any Employer Contributions to which such Participant is entitled (including, but not limited to, Employer Contributions such Participant becomes entitled to pursuant to clause (i) hereof) shall be allocated to such Participant's Account no later than as soon as administratively practicable after the date of such Divestiture Termination; provided, (A) to the extent that such Employer Contribution is calculated on the basis of such Participant's Compensation, only Compensation earned through the date of such

Divestiture Termination shall be taken into account, and (B) to the extent that such Employer Contribution is not calculated on the basis of such Participant's Compensation, such Employer Contribution will be prorated based on the number of days during the period to which such Employer Contribution relates that occur before the date of such Divestiture Termination. For purposes of this Section 5.0l(d) and Section 7.0l(c) of the Adoption Agreement, "Divestiture Termination" means, with respect to a Participant, such Participant's termination of employment with the Employer as part of the Employer's agreement to sell a division, group, facility or other segment of the Employer's business to the extent designated by the Administrator (as set forth in the records of the Administrator)."

2. The following language is added to the end of Section 7.0l(c) of the Adoption Agreement:

"Notwithstanding the foregoing provisions of this Section 7.01. any Participant who experiences a Divestiture Termination (as defined in Section 5.01 (d) of the Adoption Agreement) will be 100% vested in his Employer Contributions (including, but not limited to, any Employer Contributions to which such Participant is entitled pursuant to Section 5.01(d) of the Adoption Agreement) as of the date of such Divestiture Termination."

IN WITNESS WHEREOF, the undersigned, being all the members of the Board of Directors of the Plan Sponsor, have caused this Third Amendment to be executed on this 23rd day of June, 2014.

GRAPHIC PACKAGING INTERNATIONAL, INC.

By:  /s/ David W. Scheible
David W. Scheible

By:  /s/ Daniel J. Blount
Daniel J. Blount

By:  /s/ Lauren S. Tashma
Lauren S. Tashma

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