Document:

Form of Performance Share Agreement

  
 Ex 10_11(XVI)

  
 GEORGIA-PACIFIC CORPORATION LONG-TERM INCENTIVE PLAN

  
 PERFORMANCE SHARE GRANT AGREEMENT 

 

			
	 Grantee:
	  	[First Middle Last]
		
	 Target Grant:
	  	[   ] shares
		
	 Performance Period
	  	 January 1, 2005 through
 December 31,
2007

		
	 Grant Date:
	  	February 2, 2005

  
 THIS AGREEMENT, dated
as of the Grant Date stated above, by and between Georgia-Pacific Corporation (the “Corporation”) and the Grantee; 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Corporation wishes to give the Grantee an opportunity to acquire or enlarge his/her equity ownership in the
Corporation for purposes of augmenting the Grantee’s proprietary interest in the success of Georgia-Pacific Corporation and thereby focusing Grantee’s efforts on increasing shareholder value; 
  
 WHEREAS, the Performance Shares described in this Agreement have been granted
pursuant to, and are governed by, the Plan (as defined below); 
  
 NOW, THEREFORE, the Corporation and the Grantee hereby agree as follows: 
  
 1. Performance Share Grant. Subject to the terms and conditions of this Agreement, the Corporation hereby grants to Grantee the Target Grant of Performance Shares as specified on the first page of this Agreement. 
  

 2. Award of Performance Shares. The Grantee will receive an award of a specified percentage of his/her Target
Grant of Performance Shares as of the last day of the Performance Period if he remains actively employed with the Corporation on such date and if the percentile ranking of G-P’s TSR for the Performance Period, when compared to the TSR
performance of the other Peer Group Companies for the Performance Period, equals or exceeds the 30th percentile. The following chart specifies the percentage of the Target Grant that will be awarded depending upon the actual TSR percentile rating
achieved by G-P during the Performance Period: 
  

			
	 Achieved TSR
 Percentile

	 	 Award as Percentage of
 Target Grant

	 Less than 30th
	 	    0%
	   30th
	 	  50%
	   40th
	 	  75%
	   50th
	 	100%
	   60th
	 	120%
	   70th
	 	140%
	   80th
	 	160%
	   90th
	 	180%
	 100th
	 	200%

  
 The percentage of the Target Grant
awarded for achieved TSR percentiles which lie between the data points specified in the chart will be determined by interpolation. One hundred percent (100%) of the Target Grant will be awarded if G-P achieves a TSR performance during the
Performance Period of 50.00. The precise number of Performance Shares awarded to the Grantee under this Agreement pursuant to this Section 2 will be determined by multiplying the Target Grant by the percentage specified in the above chart (or
determined through interpolation based on the chart), and then rounding the resulting number up to the nearest whole number. 
  

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 3. Awards on Certain Events. Notwithstanding the requirement in Section 2 of this Agreement that a Grantee be
actively employed on the last day of the Performance Period, Performance Shares shall be awarded pursuant to Section 2 to any Grantee who terminates employment during the Performance Period: 
  

	 	(i)	on the Grantee’s Normal or Early Retirement Date; 

  

	 	(ii)	on the Grantee’s Disability Retirement Date; 

  

	 	(iii)	on the date of the Grantee’s death prior to his termination of employment from the Corporation; 

  

	 	(iv)	as a result of a Change of Control; or 

  

	 	(v)	subject to the approval of the Committee, on the date of the Grantee’s involuntary termination of employment from the Corporation due to (A) job elimination or (B) such other
reason as may be specifically approved by the Committee. 

  
 4.
Payment of Award. As soon as practicable after the TSR for the Performance Period has been certified by the Committee (but in no event later than the March 15 following the end of the Performance Period), Performance Shares awarded pursuant
to Section 2 shall be paid to the affected Grantee in the form of Stock. At such time, the Grantee shall enjoy full shareholder and ownership rights with respect to such shares. The shares of Stock paid under this Plan shall be held in a book entry
account for the Grantee by a broker-dealer designated by the Corporation or, at the Participant’s direction and expense, a stock certificate representing all such shares of Stock shall be delivered to the Grantee (or any person who makes a
claim through a Grantee) and shall be registered in his or her name. 
  
 5.
Ownership Rights. Upon receipt of any portion of an award of Performance Shares which is paid in Stock under this Agreement, the Grantee shall exercise all ownership rights (including, without limitation, the right to vote and the right to
receive dividends) with respect to 

  

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such shares, provided that voting and dividend rights with respect to the shares will be exercisable only if the record date for determining shareholders
entitled to vote, or to receive dividends, falls on or after an Award Date. The Grantee shall have the same rights with respect to any shares of Stock accruing to awarded Performance Shares as a result of any adjustment under Sections 8(h).

  
 6. Deferral of Exercise or Delivery of Shares. Notwithstanding any
provision in this Agreement to the contrary, if any law or regulation of any governmental authority having jurisdiction in the matter requires the Corporation, the Plan Administrator, the Agent or the Grantee to take any action or refrain from
action in connection with the award or delivery of Performance Shares under this Agreement, or to delay such award or delivery, then the award or delivery of such shares shall be deferred until such action has been taken or such restriction on
action has been removed. 
  
 7. Termination Date. The Grantee’s date
of termination of employment from the Corporation shall be deemed for purposes of this Agreement to be the later of (i) his last day of active work for the Corporation or (ii) his last day on the active employee payroll of the Corporation; provided,
however, that for all purposes of this Agreement, the Grantee shall be deemed actively at work during any period the Grantee is on approved paid medical leave or on a layoff under the Corporation’s salaried layoff policy or during the protected
reemployment period applicable to any Participant on military leave. 
  

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 8. General Provisions. The Grantee acknowledges that he has read, understands and agrees with all of the
provisions in this Agreement and the Plan, including (but not limited to) the following: 
  
 (a) Authority of Plan Administrator. The Plan Administrator shall have the authority to administer the Agreement and the Plan; to make all determinations with respect to the construction and application of the
Agreement, the Plan, and the resolutions of the Board of Directors establishing the Plan; to adopt and revise rules relating to the Agreement and the Plan; to hire the Agent with respect to its administrative responsibilities under the Agreement and
the Plan; and to make other determinations which it believes are necessary or advisable for the administration of the Agreement and the Plan. Any dispute or disagreement which arises under this Agreement or the Plan shall be resolved by the Plan
Administrator in its absolute discretion. Any such determination, interpretation, resolution, or other action by the Plan Administrator shall be final, binding and conclusive with respect to the Grantee and all other persons affected thereby.

  
 (b) Notices. Any notice which is required or permitted
under this Agreement shall be in writing (unless otherwise specified in the Agreement or in a writing from the Corporation or the Agent to the Grantee), and delivered personally or by mail, postage prepaid, addressed as follows: (i) if to the
Corporation or the Agent, at l33 Peachtree Street, N.E., Atlanta, Georgia 30303, Attention: Compensation Department, or at such other address as the Corporation or the Agent by notice to the Grantee may have designated from time to time; (ii) if to
the Grantee, at the address indicated in the Grantee’s then-current personnel records, or at such other address as the Grantee by notice to the Corporation may have designated from time to time. Such notice shall be deemed given upon receipt.

  
 (c) Taxation. The Grantee shall be responsible for all
applicable income and withholding taxes and the employee share of FICA taxes with respect to any compensation income generated upon the award of his vested Performance Shares under this Agreement. 
  
 (d) Nontransferability. This Agreement and the Performance Shares
granted to the Grantee shall be nontransferable and shall not be sold, hypothecated or otherwise assigned or conveyed by the Grantee to any other person, except as specifically permitted in this Agreement. No assignment or transfer of this Agreement
or the rights represented thereby, whether voluntary 

  

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or involuntary, or by operation of law or otherwise, shall vest in the assignee or transferee any interest or right whatsoever, except as specifically
permitted in this Agreement. The Agreement shall terminate, and be of no force or effect, immediately upon any attempt to assign or transfer the Agreement or any of the Performance Shares to which the Agreement applies. 
  
 (e) Designation of Beneficiary. Notwithstanding anything in Section
8(d) to the contrary, the Grantee may designate a person or persons to receive, in the event of his death, any rights to which he would be entitled under this Agreement. Such a designation shall be filed with the Agent in accordance with uniform
procedures specified by the Plan Administrator. The Grantee may change or revoke a Beneficiary designation at any time by filing a written statement of such change or revocation with the Agent in accordance with uniform procedures specified by the
Plan Administrator. No Beneficiary designation or change of Beneficiary designation will be effective until notice thereof is received. If a Grantee fails to designate a Beneficiary or if the Beneficiary predeceases the Grantee, the Grantee’s
estate shall be deemed to be his/her Beneficiary for purposes of this Agreement. 
  
 (f) No Shareholder Rights. Except as otherwise specifically provided in Section 5 of this Agreement (regarding shareholder rights of the Grantee with respect to Performance Shares awarded pursuant to Section
2), until Performance Shares have been awarded in accordance with the provisions of Section 2 of the Agreement, the Grantee shall have no rights as a shareholder of the Corporation, and shall not be deemed to be a shareholder of the Corporation for
any purpose. 
  
 (g) Not an Employment Contract. This
Agreement shall not be deemed to limit or restrict the right of the Corporation to terminate the Grantee’s employment at any time, for any reason, with or without Cause, or to limit or restrict the right of the Grantee to terminate his
employment with the Corporation at any time. 
  
 (h) Corporate
Restructuring/Capital Readjustments. Nothing in this Agreement shall abridge the rights or powers of the Corporation or its stockholders reserved to them in Section 9(a) of the Plan, and in the event of any extraordinary transaction with respect
to or 

  

 - 6 - 

 
affecting Georgia-Pacific Stock, adjustments to the number of Performance Shares granted in this Agreement may be made in accordance with the provisions of
Section 9(b) of the Plan. 
  
 (i) Fractional Shares.
Notwithstanding anything in this Agreement to the contrary, in the event that any adjustment to the Target Grant or an award of Performance Shares or the calculation of an award pursuant to this Agreement would otherwise result in the creation of a
fractional share interest, the affected Target Grant or Performance Share award shall be rounded up to the nearest whole share. 
  
 (j) Amendment or Termination. This Agreement may be amended or terminated at any time by the mutual agreement and written consent of the Grantee
and the Plan Administrator, but only to the extent permitted under the Plan; provided that to the extent the Plan Administrator (in its sole discretion) deems necessary in order to comply with the requirements of section 409A of the Internal Revenue
Code of 1986, as amended, the Plan Administrator may amend this Agreement without consent of the Participant even if such action may reduce or diminish the value of Participant’s award. 
  
 (k) Governing Instrument. This Agreement is subject to all terms and
conditions of the Plan and shall at all times be interpreted in a manner that is consistent with the intent, purposes, and specific language of the Plan. 
  
 (l) Severability. If any provision of this Agreement should be held illegal or invalid for any reason by the Plan Administrator or court of
applicable jurisdiction, such determination shall not affect the other provisions of this Agreement, and it shall be construed as if such provision had never been included herein. 
  
 (m) Headings/Gender. Headings in this Agreement are for convenience only and shall not be construed to be part of
this Agreement. Any reference to the masculine, feminine or neuter gender shall be a reference to other genders as appropriate. 
  

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 (n) Governing Law. This Agreement shall be construed, and its provisions enforced and
administered, in accordance with the laws of the State of Georgia and, where applicable, federal law. 
  
 9. Definitions. For purposes of this Agreement, the following terms shall be defined as follows: 
  
 (a) Agent means Equiserve or any other entity designated by the Plan Administrator to act as its administrative service provider. 
  
 (b) Agreement means this agreement between the Grantee and the
Corporation setting forth the terms and conditions of the Performance Share grant described herein. 
  
 (c) Award Date means the date as of which Performance Shares are awarded to the Grantee pursuant to Section 2. 
  
 (d) Beneficiary means the person(s) designated by the Grantee pursuant
to Section 8(e) of this Agreement to receive his/her rights under this Agreement upon his/her death. 
  
 (e) Board of Directors means the Board of Directors of Georgia-Pacific Corporation. 
  
 (f) Cause means any of the actions or omissions specified in Section 2(d) of the Plan. 
  
 (g) Change of Control has the meanings specified in Section 11(b) of
the Plan. 
  
 (h) Committee means the Management
Development and Compensation Committee of the Board of Directors, or a subcommittee of such Committee, as the same may be constituted from time to time. 
  
 (i) Corporation or G-P means Georgia-Pacific Corporation, its successors and assigns, and any other corporation or other entity, whether
foreign or domestic, in which the Corporation has or obtains, directly or indirectly, a proprietary interest of more than fifty percent (50%) by reason of stock ownership or otherwise. 
  

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 (j) Disability means “disability” as defined under the Georgia-Pacific Corporation
LifeChoices Plus Benefits Program, Long-Term Disability Plan (whether or not the Grantee is covered under such plan). 
  
 (k) Disability Retirement Date means the later of (i) the day the Grantee’s employment with the Corporation ends after the maximum period
during which salary continuation benefits from the Corporation because of illness or injury are authorized in accordance with its then-current medical leave policy, but only if the Grantee’s Disability continues through that date, or (ii) the
day the Grantee’s employment with the Corporation ends after the last day of a personal leave of absence immediately following such period of salary continuation, provided, that the Grantee has a Disability on such date. If the Grantee is
involuntarily terminated because of job elimination or facility closure (or other reason approved by the Plan Administrator) while on a paid medical leave based on a Disability or during a personal leave of absence immediately following such medical
leave, the Grantee will have a Disability Retirement Date on the last day of the maximum period during which salary continuation benefits from the Corporation because of illness or injury would have been authorized in accordance with its
then-current medical leave policy if he had not been terminated (in the case of termination during a medical leave) or on the date of termination (in the case of termination during the personal leave of absence), provided that he still has a
Disability on such date. 
  
 (l) Early Retirement Date
means the Grantee’s date of termination from the Corporation after having attained at least age 62 (but not age 65) and having accrued at least 10 years of service for vesting purposes as determined in accordance with the provisions of the
Georgia-Pacific Corporation Salaried 401(k) Plan (or any successor tax-qualified retirement plan maintained for salaried employees of the Corporation). 
  
 (m) Fair Market Value means the mean between the high and low sales prices of a share of Georgia-Pacific Stock on the Award Date, as reported in
The Wall Street Journal, New York Stock Exchange - Composite Transactions, or as reported in any successor quotation 

  

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system adopted prospectively for this purpose by the Plan Administrator in its discretion. If the date of determination is not a trading date on the New York
Stock Exchange, Fair Market Value shall be determined using the high and low sales prices of a share of Georgia-Pacific Stock on the next preceding trading date. The Fair Market Value of Georgia-Pacific Stock shall be rounded to the nearest whole
cent (with 0.5 cent being rounded to the next higher whole cent). 
  
 (n) Georgia-Pacific Stock or Stock means the Corporation’s common stock, par value $0.80 per share. 
  
 (o) Grant Date means the date set forth on the first page of this Agreement. 
  
 (p) Grantee means the employee of the Corporation named on the first page of this Agreement. 
  
 (q) Normal Retirement Date means the Grantee’s date of
termination from the Corporation after having attained at least age 65. 
  
 (r) Peer Group Companies means, for any Performance Period, the companies designated by the Compensation Committee for that Performance Period which are determined by the Compensation Committee, in its sole discretion, to be peers of
the Corporation for that Performance Period; provided, however, notwithstanding a company’s inclusion in the group of Peer Group Companies, such company shall be disregarded for purposes of making awards under this Agreement if: (i) it is not
in existence as an independent entity generating the types of public information needed for TSR calculations under this Agreement both at the beginning and the end of the Performance Period, or (ii) during the Performance Period, it changes its
principal business in so that, in the sole Committee’s judgment, it no longer can be compared as a peer of the Corporation. 
  
 (s) Performance Period means the period specified on the first page of this Agreement during which Total Shareholder Return of G-P and the Peer
Group Companies will 

  

 - 10 - 

 
be measured to determine whether Performance Shares will be awarded to Grantee pursuant to Section 2 . 
  
 (t) Performance Shares means the shares of Stock granted under the
terms and conditions of this Agreement which may be paid either in Stock or cash. 
  
 (u) Plan means the Georgia-Pacific Corporation Long-Term Incentive Plan, as adopted by the Board of Directors on September 17, 1997, and approved by the Corporation’s shareholders on December 16, 1997, and
as amended from time to time. 
  
 (v) Plan Administrator
means the Committee, provided, however, that to the extent permitted by the Plan and authorized by the Committee, the Chief Executive Officer of Georgia-Pacific Corporation may act on behalf of the Committee in executing the duties and
responsibilities of the Plan Administrator. 
  
 (w) Target
Grant means the number of Performance Shares specified on the first page of this Agreement. 
  
 (x) Total Shareholder Return or TSR means, for a given Performance Period and a given common stock, the number determined by the formula
[(SB+SD)PE - 100] ÷ 100, where (i) “SB” is the number of shares of the common stock (including fractional shares) that could be bought with an initial $100 investment at PB, or $100 ÷ PB; (ii) “SD” is the total number of shares of the common stock (including
fractional shares) (A) which are distributed as stock dividends with respect to the common stock during the Performance Period or (B) which could be purchased with the cash dividends (or allocated portion of a per share dividend) paid on
SB shares of the common stock during the Performance Period (and any additional shares or fractional shares
allocated in accordance with this subsection (ii) with respect to dividends paid during the Performance Period but prior to the dividend in question), determined in the case of each such dividend paid using the closing price of the common stock on
the trading date coincident with or next preceding the date of payment of the dividend; (iii) “PB” is the
average daily closing price of the common stock during the thirty (30) trading days preceding the first day of the Performance Period; and (iv) “PE” is the average daily closing price of the common stock during the thirty (30) trading days preceding the last trading day of the Performance Period. In calculating the Total Shareholder Return
for a given common stock, the Plan Administrator will apply the principles of Section 8(h) as if that section applied to the common stock. 
  

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 IN WITNESS WHEREOF, the Corporation has caused this Agreement to be executed by its duly authorized
officers under its corporate seal, and the Grantee has executed this Agreement, as of the day and year first above written. 
  

			
	 GEORGIA-PACIFIC CORPORATION

		
	By:	 	 
	 	 	 A. D. Correll

	 	 	 Chairman and Chief Executive Officer

  

	
	 ATTEST:

	
	  
	 Douglas P. Roberto

	 Secretary

  

			
	 GRANTEE

	
	 
	 Name:
	 	 

  

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 NOTE: PLEASE COMPLETE THE ATTACHED ACKNOWLEDGMENT OF RECEIPT 
 AND BENEFICIARY DESIGNATION FORM AND RETURN IT TO: 
  
 GEORGIA-PACIFIC CORPORATION 
 CORPORATE
COMPENSATION DEPARTMENT (GA030-14) 
 LONG-TERM INCENTIVE PLAN 
 “PERSONAL AND CONFIDENTIAL” 
 133 PEACHTREE STREET (30303) 
 P. O. BOX 105605 
 ATLANTA, GA 30348-5605

  

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 ACKNOWLEDGMENT OF RECEIPT AND BENEFICIARY DESIGNATION FORM 
  
 Under the terms of the Georgia-Pacific Corporation Long-Term Incentive Plan
(“LTIP”), you have the right to designate a beneficiary to exercise certain rights that may arise under your Performance Share grant in the event of your death. If you do not designate a beneficiary in writing, these rights will pass
to your estate upon your death. In order to allow you to decide affirmatively which outcome you desire and, in the event you prefer to designate a beneficiary or beneficiaries other than your estate, to name that beneficiary or those
beneficiaries, the Corporation has provided this form, which you may use to designate in writing the beneficiary(ies) you desire. Of course, you may revoke and change your beneficiary designations at any time by notifying Georgia-Pacific Corporation
in writing at the address indicated below. 
  
 Please take
time to fill out this form and return it to Georgia-Pacific Corporation at the following address: Georgia-Pacific Corporation, Corporate Compensation Department (GA030-14), Georgia-Pacific Long-Term Incentive Plan, “Personal and
Confidential”, 133 Peachtree Street (30303), P. O. Box 105605, Atlanta, Georgia 30348-5605. Beneficiary designations or modifications of beneficiary designations sent to any other address will NOT be effective until actually received by
Georgia-Pacific Corporation. The Corporation has no responsibility for beneficiary designation forms which are not submitted as indicated above. 
  
 NOTE: You may designate multiple beneficiaries, in which case those living at the time of your death will equally share the rights accorded to a beneficiary for the
particular grant(s) in question. 
  

	 ̈	I designate my estate as my beneficiary under my 2005 Performance Share grant under the LTIP. 

  

	 ̈	I designate the following person(s) as my beneficiary(ies) under my 2005 Performance Share grant under the LTIP: 

  

							
	 Name

	 	 Address

	 	 Relationship to You

	  	Social Security Number (if known)

	 	 	 	 	 	  	 
	 	 	 	 	 	  	 

  
 I acknowledge receipt of the
executed Performance Share agreement evidencing my February 1, 2004 Performance Share grant under the Georgia-Pacific Corporation Long-Term Incentive Plan and confirm that the beneficiary(ies) designated above have been selected by me in free
exercise of my own discretion. 
  

									
	 	 	 	 	 
					
	 Signature:
	 	 	 	 	 	 Printed Name:
	 	 
					
	 Date:Form of Stock SAR Grant Agreement

  
 Ex 10_11(XVII)

  
 GEORGIA-PACIFIC CORPORATION 
 LONG-TERM INCENTIVE PLAN 
  
 STOCK SAR AWARD AGREEMENT 
  

			
		
	Participant	  	[First Middle Last]
		
	SAR Units	  	[    ] Units
		
	Grant Value	  	$[    ] per SAR Unit
		
	Grant Date	  	February 1, 2005

  
 THIS AGREEMENT dated
as of the Grant Date by and between Georgia-Pacific Corporation and the Participant: 
  
 W I T N E S S E T H: 
  
 WHEREAS, Georgia-Pacific Corporation wishes to give the Participant an opportunity to participate in the appreciation in the value of its Common Stock;

  
 WHEREAS, the stock SAR award described in this Agreement has
been granted pursuant to, and is governed by, the Georgia-Pacific Corporation Long-Term Incentive Plan (the “Plan”); 
  
 NOW, THEREFORE, Georgia-Pacific Corporation and the Participant hereby agree as follows: 
  
 1. Definitions. For purposes of this Agreement, the following terms shall be defined as follows: 
  
 (a) Agent means Equiserve or any other entity designated by the Plan
Administrator to act as its administrative service provider. 
  

 (b) Board of Directors means the Board of Directors of Georgia-Pacific Corporation. 
  
 (c) Cause means any of the actions or omissions specified in Section
2(d) of the Plan. 
  
 (d) Change of Control has the
meanings specified in Section 11(b) of the Plan. 
  
 (e)
Committee means the Management Development and Compensation Committee of the Board of Directors, or a subcommittee of such Committee, as the same may be constituted from time to time. 
  
 (f) Corporation means Georgia-Pacific Corporation, its successors and
assigns, and any other corporation or other entity, whether foreign or domestic, in which the Corporation has or obtains, directly or indirectly, a proprietary interest of more than twenty percent (20%) by reason of stock ownership or otherwise.

  
 (g) Disability means “disability” as defined
under the Georgia-Pacific Corporation LifeChoices Plus Benefits Program, Long-Term Disability Plan (whether or not the Participant is covered under such plan). 
  

(h) Disability Retirement Date means the later of (i) the day the Participant’s employment with the Corporation ends after the maximum
period during which salary continuation benefits from the Corporation because of illness or injury are authorized in accordance with its then-current medical leave policy, but only if the Participant’s Disability continues through that date, or
(ii) the day the Participant’s employment with the Corporation ends after the last day of a personal leave of absence immediately following such period of salary continuation, provided, that the Participant has a Disability on such date. If the
Participant is involuntarily terminated because of job elimination or facility closure (or other reason approved by the Plan Administrator) while on a paid medical leave based on a Disability or during a personal leave of absence immediately
following such medical leave, the Participant will have a Disability Retirement Date on the last day of the maximum period during which salary continuation benefits from the Corporation because of illness or injury would have been authorized in
accordance with its then-current medical leave policy if he had not been terminated 

  

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(in the case of termination during a medical leave) or on the date of termination (in the case of termination during the personal leave of absence), provided
that he still has a Disability on such date. 
  
 (i) Early
Retirement Date means the Participant’s last day of active employment by the Corporation after having attained at least age 55 (but not age 62) and having accrued at least 10 years of service for vesting purposes as determined in accordance
with the provisions of the Georgia-Pacific Corporation Salaried 401(k) Plan (or any successor tax-qualified retirement plan maintained for salaried employees of the Corporation). 
  
 (j) Exercise Value means the Fair Market Value of a share of Georgia-Pacific Stock on the date of exercise.

  
 (k) Expiration Date means the tenth anniversary of the
Grant Date, unless an earlier Expiration Date is established by operation of Section 5 of this Agreement. 
  
 (l) Fair Market Value is the mean between the high and low sales prices of a share of Georgia-Pacific Stock on a particular date, as reported in
The Wall Street Journal, New York Stock Exchange—Composite Transactions, or as reported in any successor quotation system adopted prospectively for this purpose by the Plan Administrator in its discretion. If the date of determination is
not a trading date on the New York Stock Exchange, Fair Market Value shall be determined using the high and low sales prices of a share of Georgia-Pacific Stock on the next preceding trading date. The Fair Market Value of Georgia-Pacific Stock shall
be rounded to the nearest whole cent (with 0.5 cent being rounded to the next higher whole cent). 
  
 (m) Georgia-Pacific Stock means the Corporation’s common stock, par value $0.80 per share. 
  
 (n) Grant Date means the date set forth on the first page of this
Agreement, upon which the SARs described in this Agreement were granted to the Participant. 
  
 (o) Grant Value means the value set forth on the first page of this Agreement. 
  
 (p) Normal Retirement Date means the Participant’s last day of active employment by the Corporation after having attained (i) at least age 62
(but not age 65) and at least 10 years 

  

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of service for vesting purposes as determined in accordance with the provisions of the Georgia- Pacific Corporation Salaried 401(k) Plan (or any successor
tax-qualified retirement plan maintained for salaried employees of the Corporation) or (ii) at least age 65. 
  
 (q) Plan means the Georgia-Pacific Corporation Long-Term Incentive Plan, as adopted by the Board of Directors on September 17, 1997, and approved
by the Corporation’s shareholders on December 16, 1997, and as amended from time to time. 
  
 (r) Plan Administrator means the Committee, provided, however, that to the extent permitted by the Plan and authorized by the Committee, the Chief Executive Officer of the Georgia-Pacific Corporation may act on
behalf of the Committee in executing the duties and responsibilities of the Plan Administrator. 
  
 (s) Representative means, in the event of the Participant’s Disability, his duly authorized legal guardian or representative; or, in the event
of the Participant’s death, his estate, personal representative, or beneficiary as designated pursuant to Section 6(e). 
  
 (t) Tax-Related Items means all tax, social insurance and payroll tax that may arise and fall due in relation to the grant, vesting or exercise of
the SARs granted under this Agreement. 
  
 (u) Vesting Date
means any one of the dates upon which SARs granted to the Participant under this Agreement become exercisable in accordance with this Agreement. 
  
 2. SAR Grant. Subject to the terms and conditions of this Agreement, the Corporation hereby grants a stock SAR award to the Participant with respect to the number
of SAR Units set forth on the first page of this Agreement. 
  

 - 4 - 

 3. Vesting. 
  
 (a) Regular Vesting. Except as stated in Sections 3(b) and 3(c) of this Agreement, the Participant shall become vested in a percentage of his or
her total SAR Units under this SAR grant in accordance with the following schedule: 
  

			
	 Vesting Date

	  	Percentage of SAR Units

	 First anniversary of Grant Date
	  	34%
	 Second anniversary of Grant Date
	  	33%
	 Third anniversary of Grant Date
	  	33%

  
 The number of SAR Units granted to the
Participant under this Agreement which become vested on a Vesting Date in accordance with the above schedule will be determined by multiplying his or her total SAR Units by the percentage specified in the above schedule, and then rounding the
resulting number up to the nearest whole number, provided that the aggregate number of the Participant’s vested SAR Units under this Agreement shall not exceed his or her total SAR Units. 
  
 (b) Accelerated Vesting. Notwithstanding the vesting schedule
specified in Section 3(a) of this Agreement, 100% of a Participant’s total SAR Units shall become fully vested upon the earliest to occur of the following Vesting Dates: 
  

	 	(i)	the Participant’s Normal Retirement Date; 

  

	 	(ii)	the Participant’s Disability Retirement Date; 

  

	 	(iii)	the date of the Participant’s death prior to his termination of employment from the Corporation; 

  

	 	(iv)	the date of a Change of Control; or 

  

	 	(v)	 subject to the approval of the Corporation, the Participant’s Early Retirement Date or the date of the Participant’s involuntary termination of employment
from the Corporation, in either case due to (A) job elimination, (B) plant closure, or (C) such other reason as may be specifically approved by the Corporation; provided that the approval of the 

  

 - 5 - 

	 	 
Committee shall be required where the Participant holds an office of Senior Vice President or above. 

  
 If more than one of the accelerated vesting rules specified in this Section 3(b) can apply to
the Participant on any date, the Participant may elect in writing which vesting rule will apply. If the Participant fails to make such an election within 30 days after such event, the Participant will be deemed to have elected the available
accelerated vesting rule which, first, vests the most SAR Units in the Participant or, second (if each accelerated vesting rule vests the same number of SAR Units), which provides the longest exercise period. Except as otherwise provided in this
Agreement, in the case of a Disability Retirement Date which occurs after a Participant’s termination of employment with the Corporation, no Vesting Date will occur, and no SAR Units may vest, following termination of employment with the
Corporation. 
  
 (c) Termination for Cause. Notwithstanding
anything in this Agreement to the contrary, if the Corporation terminates the Participant’s employment for Cause prior to a Change of Control, this Agreement shall be terminated and all then outstanding SAR Units granted to the Participant
under this Agreement shall be forfeited, regardless of whether a Vesting Date has occurred on or before such termination date, unless and to the extent that the Corporation determines that such forfeiture would violate applicable law. 
  
 4. Exercise of SAR. 
  
 (a) General. Except as otherwise specified by the Corporation in accordance with Sections 4(d), the Participant (or
his Representative, as the case may be) may exercise the SAR granted under the Agreement, in whole or in part, at any time on or after the Vesting Date for such SAR and prior to the Expiration Date, to the extent of his or her vested percentage of
the SAR Units by complying with the procedures described in this Section 4. The Participant shall forfeit all rights to any SAR under this Agreement, whether or not then vested, which is not exercised prior to the Expiration Date. 
  

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 (b) Exercise Procedure. The Participant or his Representative (if applicable) may exercise all or
a portion of his vested SAR under this Agreement by delivering notice to the Agent, or by complying with any alternative procedure which may be authorized by the Corporation. The notice to the Agent shall specify the number of SAR Units to which
such exercise is applicable. 
  
 (c) Exercise of SAR During
Leave of Absence. Notwithstanding any provision of this Agreement to the contrary, if the Participant is on a leave of absence or is absent on military or government service at any time on or after the Grant Date and prior to the
Expiration Date, the Participant may not exercise any part of the SAR prior to the date the Participant returns to active employment with the Corporation, and the vesting of any SAR Units under this Agreement which would normally vest on a date
during such absence shall be postponed until the Participant returns to active work at the end of such absence (in which case, the date of return to active employment shall be a Vesting Date to the extent the Participant’s interest in his or
her SAR would have vested but for such absence). The provisions of this Section 4(c) shall not affect any of Participant’s rights in 

  

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the event of his death, Disability, Early Retirement or Normal Retirement or in the event of a Change of Control occurring during such an absence.

  
 (d) Payment on Exercise. When the SAR is exercised, the
Corporation or its Agent shall calculate the excess, if any, of the Exercise Value for a SAR Unit over the Grant Value for such SAR Unit, multiplied by the number of SAR Units which have been exercised (the “Exercise Value”). The Exercise
Value of the exercised SAR Units, less Tax-Related Items, shall be converted into a number of whole shares of Georgia-Pacific Stock based upon the Fair Market Value of Georgia-Pacific Stock on the date of exercise, with any remaining Exercise Value
applied as additional tax withholding for the Participant’s benefit. Within 30 days after the date of such exercise, the Agent shall make available to the Participant a certificate registered in the Participant’s name or a book entry in a
depository institution for the Participant’s account, representing the aggregate number of shares of Georgia-Pacific Stock provided to the Participant as a result of such exercise. 
  
 (e) Deferral of Exercise or Delivery of Shares. Notwithstanding any provision in this Agreement to the contrary, if
any law or regulation of any governmental authority having jurisdiction in the matter requires the Corporation, Plan Administrator, Agent, Participant, or Representative to take any action or refrain from action in connection with the exercise of
any SAR under this Agreement or the delivery of shares of Georgia-Pacific Stock to the Participant, or to delay such exercise or delivery, then the exercise or delivery of such shares shall be deferred until such action has been taken or such
restriction on action has been removed. 
  
 5. Special Rules Governing the
Expiration Date. The Expiration Date for the SAR granted to the Participant under this Agreement shall be accelerated subject to the following special rules: 
  
 (a) Termination of Employment. If the Participant voluntarily or involuntarily terminates employment with the
Corporation or a Subsidiary (for reasons other than death, Change of Control or having reached his Normal Retirement Date, Early Retirement Date or 

  

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Disability Retirement Date), the Expiration Date for exercising any SAR Units under this Agreement which were vested as of his or her date of termination
shall be the 90th day after the date of such termination; provided that if the Participant has a Disability or dies, or a Change of Control occurs, prior to such 90th day, the Expiration Date for the Participant’s SAR under this Agreement which
were vested as of his or her date of termination shall be the Expiration Date applicable to such Disability (subject to the rules stated in Section 5(d)), death, or Change of Control, whichever is applicable. 
  
 (b) Normal Retirement. If the Participant terminates employment with
the Corporation or a Subsidiary on his or her Normal Retirement Date, the Expiration Date for exercising his or her vested SAR Units under this Agreement shall be the fifth anniversary of the Participant’s Normal Retirement Date. 
  
 (c) Early Retirement. If the Participant terminates employment with
the Corporation or a Subsidiary on his or her Early Retirement Date, the Expiration Date for exercising his or her vested SAR Units under this Agreement shall be the fifth anniversary of the Participant’s Early Retirement Date. 
  
 (d) Disability or Disability Retirement. If the Participant terminates
employment with the Corporation or a Subsidiary on his or her Disability Retirement Date, the Expiration Date for exercising his or her vested SAR Units under this Agreement shall be the third anniversary of the Participant’s Disability
Retirement Date. If the Participant has a Disability before the 90th day after terminating employment with the Corporation or a Subsidiary (for reasons other than having reached his or her Normal Retirement Date, Early Retirement Date, or Disability
Retirement Date) and such Disability continues through the end of the initial 90-day period, the Expiration Date for exercising his or her vested SAR under this Agreement shall be the third anniversary of the Participant’s Disability Retirement
Date. 
  
 (e) Participant’s Death. If the Participant
dies while actively employed by the Corporation or a Subsidiary or prior to the 90th day after the Participant’s termination of employment with the Corporation or a Subsidiary (for reasons other than having reached his 

  

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Normal Retirement Date, Early Retirement Date, or Disability Retirement Date), the Expiration Date for exercising his or her vested SAR Units under this
Agreement shall be the third anniversary of the Participant’s death. 
  
 (f) Change of Control. The Expiration Date for all of the Participant’s vested SAR Units shall be the tenth anniversary of the Grant Date if a Change of Control takes place (i) while the Participant is
actively employed by the Corporation or a Subsidiary; (ii) prior to the 90th day after the Participant terminates employment with the Corporation or a Subsidiary; or (iii) prior to the 90th day after the Participant terminates his or her employment
with the Corporation or a Subsidiary on his or her Normal Retirement Date, Early Retirement Date, Disability Retirement Date or date of death. 
  
 (g) Maximum Expiration Date. Notwithstanding any provision in this Section 5 to the contrary, no SAR shall be exercisable on or after the tenth
anniversary of the Grant Date. 
  
 (h) Termination Date.
The Participant’s date of termination of employment from the Corporation or a Subsidiary shall be deemed for purposes of this Agreement to be the later of (i) his or her last day of active work for the Corporation or a Subsidiary or (ii) his or
her last day on the active employee payroll of the Corporation or a Subsidiary, provided, however, that for all purposes of this Agreement, the Participant shall be deemed actively at work during any period the Participant is on approved paid
medical leave or during the protected reemployment period for any Participant on military leave. 
  
 6. General Provisions. The Participant acknowledges that he or she has read, understands and agrees with all of the provisions in this Agreement and the Plan, including (but not limited to) the following:

  
 (a) Authority of Corporation. The Corporation shall
have the authority to administer this Agreement and the Plan; to make all determinations with respect to the construction and application of this Agreement and the Plan; to adopt and revise rules relating to this Agreement and the Plan; to hire the
Agent with respect to its administrative responsibilities 

  

 - 10 - 

 
under the Agreement and the Plan; and to make other determinations which it believes are necessary or advisable for the administration of this Agreement and
the Plan. Any dispute or disagreement which arises under this Agreement or the Plan shall be resolved by the Corporation in its absolute discretion. Any such determination, interpretation, resolution, or other action by the Corporation shall be
final, binding and conclusive with respect to the Participant and all other persons affected thereby. 
  
 (b) Notices. Any notice which is required or permitted under this Agreement shall be in writing (unless otherwise specified in the Agreement or in
a writing from the Corporation or the Agent to the Participant), and delivered personally or by mail, postage prepaid, addressed as follows: (i) if to the Corporation, at l33 Peachtree Street, N.E., Atlanta, Georgia 30303, Attention: Compensation
Department, Long-Term Incentive Plan, or at such other address as the Corporation or the Agent by notice to the Participant may have designated from time to time; (ii) if to the Participant, at the address indicated in the Participant’s
then-current personnel records, or at such other address as the Participant by notice to the Corporation may have designated from time to time. Such notice shall be deemed given upon receipt. 
  
 (c) Nontransferability. This Agreement and the SAR granted to the
Participant under this Agreement shall be nontransferable and shall not be sold, hypothecated or otherwise assigned or conveyed by the Participant to any other person except in accordance with the laws of descent and distribution. No assignment or
transfer of this Agreement or the rights represented thereby, whether voluntary or involuntary, or by operation of law or otherwise, shall vest in the assignee or transferee any interest or right whatsoever except in accordance with the laws of
descent and distribution. This Agreement shall terminate, and be of no force or effect, and the Participant shall forfeit his or her SAR to which this Agreement applies immediately upon any attempt to assign or transfer this Agreement or the SAR to
which this Agreement applies. 
  
 (d) Designation of
Beneficiary. The Participant may designate a person or persons to receive, in the event of his death, any rights to which he would be entitled under this 

  

 - 11 - 

 
Agreement. Such a designation shall be filed with the Corporation in accordance with uniform procedures specified by the Corporation. The Participant may
change or revoke a beneficiary designation at any time by filing a written statement of such change or revocation with the Corporation in accordance with uniform procedures specified by the Corporation. No beneficiary designation or change of
beneficiary designation will be effective until notice thereof is received. If a Participant fails to designate a beneficiary or if the beneficiary predeceases the Participant, the Participant shall be deemed not to have a beneficiary for purposes
of this Agreement. 
  
 (e) Not an Employment Contract. This
Agreement shall not be deemed to limit or restrict the right of the Corporation to terminate the Participant’s employment at any time, for any reason, with or without Cause, or to limit or restrict the right of the Participant to terminate his
or her employment with the Corporation at any time. 
  
 (f)
Corporate Restructuring/Capital Readjustments. Nothing in this Agreement shall abridge the rights or powers of the Corporation or its stockholders reserved to them in Section 9(a) of the Plan, and adjustments may be made to the number of SAR
Units granted in this Agreement and the Grant Value in accordance with the provisions of Section 9(b) of the Plan. 
  
 (g) Amendment or Termination. This Agreement may be amended or terminated at any time to the extent permitted under the Plan. In addition, to the
extent the Corporation (in its sole discretion) deems necessary in order to comply with the requirements of section 409A of the Internal Revenue Code of 1986, as amended, the Corporation may amend this Agreement without consent of the Participant
even if such action may reduce or diminish the value of Participant’s award. 
  
 (h) Governing Instrument. This Agreement is subject to all terms and conditions of the Plan and shall at all times be interpreted in a manner that is consistent with the intent, purposes, and specific language
of the Plan. 
  

 - 12 - 

 (i) Severability. If any provision of this Agreement should be held illegal or invalid for any
reason by the Corporation or court of applicable jurisdiction, such determination shall not affect the other provisions of this Agreement, and it shall be construed as if such provision had never been included herein. 
  
 (j) Headings. Headings in this Agreement are for convenience only and
shall not be construed to be part of this Agreement. 
  
 (k)
Governing Law. This Agreement shall be construed, and its provisions enforced and administered, in accordance with the laws of the State of Georgia and, where applicable, federal law. 
  

 - 13 - 

 IN WITNESS WHEREOF, the Corporation has caused this Agreement to be executed by its duly authorized
officers under its corporate seal, and the Participant has executed this Agreement as of the Grant Date. 
  

			
	 GEORGIA-PACIFIC CORPORATION

		
	 By:
	 	 
	 	 	 A. D. Correll

	 	 	 Chairman and Chief Executive Officer

  

			
	 ATTEST:

	
	 
	 Douglas P. Roberto

	 Secretary

  

			
	 PARTICIPANT

		
	 	 	 
	 Name:
	 	 

  
 NOTE: PLEASE
COMPLETE THE ATTACHED ACKNOWLEDGMENT OF RECEIPT 
 AND BENEFICIARY DESIGNATION FORM AND RETURN IT TO: 
  
 GEORGIA-PACIFIC CORPORATION 
 CORPORATE COMPENSATION DEPARTMENT (GA030-14) 
 LONG-TERM INCENTIVE PLAN 
 “PERSONAL AND CONFIDENTIAL” 
 133 PEACHTREE STREET (30303) 
 P. O. BOX 105605 
 ATLANTA, GA 30348-5605 
  

 - 14 - 

 ACKNOWLEDGMENT OF RECEIPT AND BENEFICIARY DESIGNATION FORM 
  
 Under the terms of the Georgia-Pacific Corporation Long-Term Incentive Plan
(“LTIP”), you have the right to designate a beneficiary to exercise certain rights that may arise under SAR grants made under the Plan in the event of your death. If you do not designate a beneficiary in writing, these rights will
pass to your estate upon your death. In order to allow you to decide affirmatively which outcome you desire and, in the event you prefer to designate a beneficiary or beneficiaries other than your estate, to name that beneficiary or those
beneficiaries, the Corporation has provided this form, which you may use to designate in writing the beneficiary(ies) you desire. Of course, you may revoke and change your beneficiary designations at any time by notifying Georgia-Pacific Corporation
in writing at the address indicated below. 
  
 Please take
time to fill out this form and return it to Georgia-Pacific Corporation at the following address: Georgia-Pacific Corporation, Corporate Compensation Department (GA030-14), Georgia-Pacific Long-Term Incentive Plan, 133 Peachtree Street (30303), P.
O. Box 105605, Atlanta, Georgia 30348-5605. Beneficiary designations or modifications of beneficiary designations sent to any other address will NOT be effective until actually received by Georgia-Pacific Corporation. The Corporation has no
responsibility for beneficiary designation forms which are not submitted as indicated above. 
  
 NOTE: You may designate multiple beneficiaries, in which case those living at the time of your death will equally share the rights accorded to a beneficiary for the particular grant(s) in question. 
  

	 ̈	I designate my estate as my beneficiary under my 2005 stock SAR grant under the LTIP. 

  

	 ̈	I designate the following person(s) as my beneficiary(ies) under my 2005 stock SAR grant under the LTIP: 

  

							
	 Name

	 	 Address

	 	 Relationship to You

	  	Social Security Number (if known)

	 	 	 	 	 	  	 
	 	 	 	 	 	  	 

  
 I acknowledge receipt of the
executed Award Agreement evidencing my February 2, 2005, stock SAR grant under the Georgia-Pacific Corporation Long-Term Incentive Plan and confirm that the beneficiary(ies) designated above have been selected by me in free exercise of my own
discretion. 
  

									
					
	 Signature:
	 	 	 	 	 	 Printed Name:
	 	 
					
	 Date:

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