Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.23    
    

 
  BOISE CASCADE CORPORATION
  
    2001 KEY EXECUTIVE DEFERRED COMPENSATION PLAN
  
    (As Amended Through September 26, 2003)    

        1.    Purpose of the Plan.    The purpose of the Boise Cascade Corporation 2001 Key Executive Deferred Compensation
Plan (the "Plan") is to further the growth and development of Boise Cascade Corporation (the "Company") by providing a select group of senior management and highly compensated employees of the Company
and its subsidiaries the opportunity to defer a portion of their cash compensation and thereby encourage their productive efforts on behalf of the Company. The Plan is also intended to provide
Participants with an opportunity to supplement their retirement income through deferral of current compensation. The Plan is an unfunded plan. 

        2.    Definitions.    

        2.1    Bonus.    The payout amount earned by a Participant under an incentive plan of the Company, including, without
limitation, the Key Executive Performance Plans, division incentive plans, and the 2003 Boise Incentive and Performance Plan, but only to the extent the award is payable in cash. 

        2.2    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 2.2(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 2.2(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 2.2(c) which is not a Change in Control of the Company solely due to the operation of Subsection 2.2(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. 

        (e)   For
purposes of this Section and Section 2.13, "Beneficial Owner" shall have the meaning set forth in Rule 13d-3 under the Securities Exchange
Act of 1934, as amended (the "Exchange Act"). 

        (f)    For
purposes of this Section and Section 2.13, "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. 

        2.3    Committee.    The Executive Compensation Committee of the Company's board of directors, or any successor to the
Committee. 

        2.4    Compensation.    A Participant's Salary and Bonus. Compensation (either Salary or Bonus) shall not include any
amounts paid by the Company to a Participant that are not strictly in consideration for personal services, such as expense reimbursement, cost-of-living allowance, education
allowance, premium on excess group life insurance, or any Company contribution to the Pension Plan or any savings or 401(k) plan sponsored by the Company; the fact that an amount constitutes taxable
income to the Participant shall not be controlling for this purpose. Compensation shall not include any taxable income realized by, or payments made to, an employee as a result of the grant or
exercise of an option to acquire stock of the Company or as a result of 

the
disposition of such stock, and shall not include compensation resulting from the acquisition, exercise, or vesting of any stock appreciation right, stock bonus, restricted stock, phantom stock,
performance stock, or similar stock-based award under any of the Company's incentive plans, except to the extent (i) the award is payable in cash, or (ii) the Committee determines that
the award shall be included in Compensation for purposes of this Plan. 

        2.5    Competitor.    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. 

        2.6    Deferred Account.    The record maintained by the Company for each Participant of the cumulative amount of
(a) account balances accumulated under other deferred compensation plans or programs of the Company which are merged into this Plan, as listed in Appendix A, (b) Compensation
deferred pursuant to this Plan, (c) the amount of any Company matching allocation, and (d) imputed gains or losses on those amounts accrued as provided in Sections 4.8 and 4.9. 

        2.7    Deferred Compensation Agreement.    Collectively, the written agreements between a Participant and the Company
in substantially the form set forth in Appendix B, whereby a Participant irrevocably agrees to defer a portion of his or her Salary and/or Bonus (a Deferral Election Agreement) and the Company
agrees to make benefit payments in accordance with the provisions of the Plan (a Distribution Election Agreement). 

        2.8    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. 

        2.9    Executive Officer.    An executive officer of the Company identified as such by the Company's board of
directors. 

        2.10    Investment Account.    Any of the accounts identified by the Company from time to time, described in
Exhibit A, to which Participants may allocate all or any portion of their Deferred Accounts for purposes of determining the gains or losses to be assigned to the Deferred Accounts. 

        2.11    Participant.    A Key Executive (as defined in Section 4.1) who has entered into a written Deferred
Compensation Agreement with the Company in accordance with the provisions of the Plan. 

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

        2.13    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. 

        2.14    Rule of 70.    The attainment by a Participant of a number of Years of Service and age which, when added
together, equal or exceed 70. 

        2.15    Salary.    A Participant's salary, commission, and other payments for personal services rendered by a
Participant to the Company during a calendar year, determined prior to giving effect to any deferral election under this Plan. 

        2.16    Stock Unit.    A notional account unit equal in value to one share of the Company's common stock. 

        2.17    Termination.    The Participant's ceasing to be employed by the Company for any reason whatsoever, whether
voluntarily or involuntarily, including by reason of early retirement, normal retirement, death or disability, provided that transfer from the Company to a subsidiary or vice versa shall not be deemed
a Termination for purposes of this Plan. 

        2.18    Year of Service.    A Year of Service as accumulated under the Pension Plan. 

        3.    Administration and Interpretation.    The Company, acting through its senior human resources officer or his or
her delegates, 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 Company may also adopt any rules it deems necessary to administer the Plan. The Company'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 Company
with respect to those responsibilities, unless limited in writing by the Company. Any Participant may appeal any action or decision of these employees to the Company's senior human resources officer.
Claims for benefits under the Plan and appeals of claim denials shall be in accordance with Sections 10 and 11. Any interpretation by the Company's senior human resources officer shall be final and
binding on the Participants. 

        4.    Participant Deferral and Distribution Elections.    

        4.1    Eligibility.    The Company shall identify those employees of the Company or any of its subsidiaries, including
Executive Officers, who are eligible to participate in this Plan ("Key Executives"). Eligibility to participate in the Plan is entirely at the discretion of the Company and shall be limited to a
select group of senior management or highly compensated employees. Eligibility to participate in this Plan for any calendar year shall not confer the right to participate during any subsequent year. 

        4.2    Execution of Agreement.    A Key Executive who wishes to participate in the Plan must execute a Deferred
Compensation Agreement(s) either (a) for newly eligible individuals, within 30 days after first becoming eligible to participate in the Plan to defer Salary and/or Bonus to be earned
during the remainder of that calendar year and subsequent years, or (b) prior to January 1 of the first calendar year for which the Deferred Compensation Agreement(s) will be effective. 

        4.3    Deferral Election.    Within limits established by the Company, each Key Executive shall have the opportunity
to elect the amount of his or her Compensation to be paid in calendar years subsequent to the date of election, which will be deferred in accordance with this Plan. The Compensation otherwise paid to
a Participant during each calendar year beginning after the date of the deferral election shall be reduced by the amount elected to be deferred. Elections to defer Compensation are irrevocable except
as otherwise provided in this Plan. The amount of Compensation to be deferred will be specified in the Deferred Compensation Agreement(s), must be at least 6% of the Participant's Compensation, and
will be limited to specified maximum percentages of the Participant's Compensation. 

        4.4    Change of Deferral Election.    

        (a)   A
Participant who wishes to change an election to defer Compensation may do so at any time by notifying the Company's compensation manager in writing prior to
January 1 of the year for which the change in election is to be effective. 

        (b)   A
Participant who wishes to change an election to defer Compensation after January 1 of any calendar year for which the change in election is to be effective must
submit a written request to the Company's compensation manager to revoke his or her deferral election. The request must state why the Participant believes he or she should be permitted to revoke the
prior election. Requests will be reviewed as soon as administratively feasible and, if a change is permitted, the change will be effective for all remaining pay periods following the date of the
determination. 

        4.5    Distribution Election.    At the time a Participant first elects to defer Compensation under
Section 4.3, he or she shall elect a distribution option for the Compensation so deferred, including gains or losses thereon, as specified in the Deferred Compensation Agreement. The
distribution election shall apply to all amounts attributable to the Participant's Deferred Account under this Plan, including amounts previously deferred under plans listed under Appendix A
which have been merged into this Plan. Elections regarding distribution of Deferred Accounts under this Plan are irrevocable except as otherwise provided in this Plan. 

        4.6    Change of Distribution Election.    Participants who are active employees on February 14, 2003, may, by
written request, change their distribution election one time provided the change is submitted on or before June 1, 2003, and is at least 12 months prior to the commencement of
distribution of the Participant's Deferred Account. This request must be received by June 1, 2003, and the Participant must sign an acknowledgement, on the form provided by the Company, in
which the Participant agrees to the terms of the Plan as in effect on February 14, 2003, with respect to his or her entire Deferred Account. In addition, all Participants are entitled to
request, in writing, a one-time change in their distribution election at any time on or after June 1, 2003. The changed distribution election must be one of the distribution options
in the original Deferred Compensation Agreement. The Company must receive the request at least 12 months prior to the commencement of distribution of the Participant's Deferred Account. The
Company shall approve the request if it meets the requirements of this section. Requests received less than 12 months prior to the commencement of distribution shall not be permitted.
Additional requests by a Participant to change his or her distribution election made after a prior request has been approved shall be denied, except as provided in this Section. 

        4.7    Company Matching Contribution.    A Participant may elect to have the Company allocate to the Participant's
Deferred Account in this Plan an additional amount equal to the Company matching contribution that would otherwise be made to the Participant's account in the Savings and Supplemental Retirement Plan
(assuming a 6% Participant contribution to that plan). The Company matching contribution will be allocated to the Investment Account to which the Participant's deferrals of Compensation are allocated. 

        4.8    Deferred Account Allocations and Adjustments.    The Company shall maintain a record of each Participant's
Deferred Account balance and allocations. Each Participant (a) must allocate his or her current deferrals of Compensation to one of the Investment Accounts, and (b) may, from time to
time, choose to change the allocation of his or her current deferrals of Compensation to a different Investment Account. 

        4.8.1 Each
Participant's Deferred Account shall be adjusted on a monthly basis to reflect the gains or losses attributable to the Investment Account(s) selected by the
Participant. Interest earned will be credited to a Participant's account on the last day of each month. Computation of the gains or losses of the Investment Accounts shall be at the Company's sole
discretion. 

        4.8.2 Participants
who are active employees may change the allocation of future deferrals to or from any Investment Account, other than the Stock Unit Account, on any
business day, with any change effective as of the first pay period beginning after the date of the change. 

        4.8.3 A
Participant's Deferred Account balance carried forward into this Plan from any plan listed on Appendix A shall be allocated to the Stable Value Account,
except that any portion of the Participant's Deferred Account balance which was invested in a notional stock account in the prior plan shall be allocated to the Stock Unit Account. Amounts allocated
to the Stock Unit Account under this section shall initially represent a number of Stock Units equal to the number of notional stock units represented in the Participant's deferred account under the
prior plan. Thereafter, the Participant's Deferred Account shall be maintained according to the terms of this Plan. For vesting purposes under this Plan, a Participant's Deferred Account shall be
deemed to have first been credited with Stock Units on the same date the Participant's account under the prior plan was first credited with Stock Units. 

        4.8.4 Participants
who are active employees, or who are terminated employees under Sections 5.2.2 or 5.2.3, may shift the allocation of all or any portion of their Deferred
Account balance among any of the Investment Accounts, other than the Stock Unit Account or the Stable Value Account, on any business day, with any change effective as of the next business day. 

        4.8.5 Deferred
Account balances allocated to the Stable Value Account may not be allocated to any other Investment Account. 

        4.9    Stock Unit Account.    Each Participant who is an Executive Officer shall have the opportunity to allocate all
or a portion of his or her current deferrals of Compensation to the Stock Unit Account under the terms and conditions set forth in this Section 4.9. 

        4.9.1 Each
Executive Officer who is a Participant may elect at any time, and from time to time, to have his or her Deferred Account credited with allocated Stock Units, with
the election effective beginning with the first pay period after the Company receives the Participant's valid written election. Under no circumstances, however, may elections to allocate deferred
Compensation or Deferred Account balances to the Stock Unit Account be made or changed more frequently than once in any 4-month period. If a Participant timely elects to have his or her
Deferred Account credited with Stock Units, then on the date on which the Compensation would otherwise have been paid to the Participant, the Participant's Deferred Account shall be credited with the
number of Stock Units equal to (i) 100% of the amount of such deferred Compensation ("Participant Stock Units"), plus (ii) 25% of the amount of such deferred Compensation ("Company
Matching Stock Units"). Each Stock Unit shall have an initial value based on the closing price of the Company's common stock on the New York Stock Exchange ("NYSE") on that date (or, if the common
stock is not traded on the NYSE on that date, on the immediately preceding trading day) or another generally accepted pricing standard chosen by the Company. Alternatively, the Company may, in its
sole discretion, choose to credit Stock Units to a Participant's Deferred Account on the last business day of each quarter, in which case each Stock Unit so credited shall have an initial value based
on the average of the closing price of the Company's stock on the NYSE on each of the days during the preceding quarter on which Compensation deferred into the Stock Unit Account would otherwise have
been paid to the Participant (or, if the common stock is not traded on the NYSE on that day, the immediately preceding trading day) or another generally accepted pricing standard chosen by the
Company. In either case, thereafter, each Stock Unit shall have a value equal to the market value of one share of the Company's common stock. Except as provided in Sections 4.9.4 or 4.9.5, Stock Units
must be held for a minimum of 6 months from the date on which they are first credited to the Participant's account. Participants may not sell, transfer, assign, alienate, or pledge Stock Units. 

        4.9.2 If
a Participant elects to allocate his or her deferrals of Compensation to the Stock Unit Account, then on each dividend payment date for the common stock, additional
Stock Units shall be credited to the Participant's Deferred Account ("Dividend Equivalent Stock Units"). Dividend Equivalent Stock Units shall (a) be equal in value to the imputed dividend on
each Stock Unit credited to the Participant's account as of the record date for that dividend; (b) be allocated, as appropriate, to either the Participant Stock Units or the Company Matching
Stock Units credited to the Participant's Deferred Account; and (c) vest in accordance with the vesting of the underlying Stock Units to which they are allocated. 

        4.9.3 A
Participant shall be fully vested in his or her Participant Stock Units, including allocated Dividend Equivalent Stock Units, at all times. Vesting in Company
Matching Stock Units, including allocated Dividend Equivalent Stock Units, shall be as follows: (a) 100% upon the Participant's death, total disability, or retirement (normal or early);
(b) 100% upon a Change in Control; (c) 100% upon the Participant's involuntary termination (other than a termination for "Disciplinary Reasons" as that term is used in Corporate Policy
10.2, Termination of Employment) or termination as a direct result of the sale or permanent closure of a facility, operating unit, or division of the Company; or (d) for termination of
employment for all other reasons (including voluntary terminations), 20% (cumulative) on each anniversary of the date the Participant's account was first credited with Stock Units under this Plan. 

        4.9.4 Upon
the occurrence of a Potential Change in Control or a Change in Control, shares of Common Stock equal to the number of Stock Units in all Participants' Deferred
Accounts may, in the Company's sole discretion, be transferred to the Trustee of the DCB Trust to be held in accordance with the terms of the DCB Trust and this Plan. Upon a Change in Control, all
Stock Units credited to a Participant's Deferred Account shall be converted to Stock Units of equivalent value payable in the common stock of the successor entity to the Company, as follows: if the
Change in Control involves the merger or sale of the entire Company or a tender offer for all the outstanding Common Stock, conversion shall be at the conversion, sale, or exchange price applicable to
the Common Stock in connection with such Change in Control. Any shares of Common Stock held by the Trustee shall be converted to shares of common stock of the successor entity (if any) at the same
conversion value as described in this Section 4.9.4. Following a Change in Control and after public disclosure of at least 30 days financial results of the consolidated entity, each
Participant may elect, at any time or from time to time, to convert all or any portion of his or her Stock Unit Account to a dollar equivalent, have that amount credited to the Stable Value Account,
and have such amount credited thereafter with the applicable interest rate. If a Participant makes such an election, the Trustee shall sell, into the open market, shares of stock attributable to Stock
Units in such Participant's Deferred Account previously acquired and held pursuant to this Section 4.9.4, if any, and shall hold, invest, and reinvest the proceeds of such sale in accordance
with the terms of the DCB Trust. If the Change in Control does not involve the merger or sale of the entire Company or a tender offer for all the outstanding Common Stock, Stock Units shall be
converted to a dollar equivalent at the highest trading price of the Company's Common Stock during the 20-day period immediately preceding the date of the Change in Control and credited to
the Stable Value Account. 

        4.9.5 If
the Participant's Deferred Account is credited with Stock Units, the Participant shall be paid the value of all vested Stock Units in his or her Deferred Account in
accordance with the Participant's election under his or her Deferred Compensation Agreement and in the form of the Company's Common Stock (or, if applicable, in accordance with Section 4.9.4 or
Section 5.9). If a Participant's Deferred Account is credited with Stock Units and the Participant terminates employment and is eligible for a distribution, but shares of Common Stock are not
then available for distribution, the Company may elect, in its sole discretion, to delay the distribution until shares become available. 

        5.    Distributions.    

        5.1    Distributions in General.    The Company shall distribute Participants' Deferred Accounts as elected by each
Participant in the applicable Deferred Compensation Agreement, except as otherwise provided in this Section 5, or, with respect to Stock Units, as provided in Section 4.9. 

        5.2    Plan Benefits Upon Termination.    

        5.2.1 Upon
Termination for reasons other than death or disability prior to satisfying the Rule of 70 or attaining age 55 with 10 or more Years of Service, the Participant's
entire Deferred Account (with the exception of any amounts allocated to the Stock Unit Account) shall be automatically allocated to the Stable Value Account, notwithstanding any elections or
allocation decisions previously made by the Participant. In addition, the imputed interest rate on the Participant's Deferred Account shall be adjusted, effective as of the date of Termination, to a
rate equal to Moody's. That rate shall apply prospectively from the date of Termination to all undistributed amounts of the Participant's Deferred Account. From and after the date of Termination, the
Participant shall have no rights under this Plan to alter the Investment Account to which his or her Deferred Account is allocated. Distributions under this Section 5.2.1 shall be made
according to the election specified in the Participant's Deferred Compensation Agreement. 

        5.2.2 Upon
Termination for reasons other than disability, after satisfying the Rule of 70 or attaining age 55 with 10 or more Years of Service, a Participant shall be paid
his or her Deferred Account in a lump sum or in equal monthly installments calculated to distribute his or her Deferred Account over a period of not more than 15 years, as elected by the
Participant in his or her Deferred Compensation Agreement. Payments shall commence on the date and shall be made in the manner elected by the Participant in the Deferred Compensation Agreement. Unpaid
balances under the installment election shall continue to be credited with imputed gains or losses based on the applicable Investment Account. Deferred Account balances allocated to the Stable Value
Account under this section shall continue to be credited with imputed interest at Moody's times 130%, consistent with Exhibit A. 

        5.2.3 If
a Participant terminates employment prior to attaining age 65 due to a disability, the Participant may apply to the Company to have his or her account distributed
in monthly installments over a 15-year period commencing on the first day of the month following the month in which the Company approves the request, notwithstanding any prior distribution
election. The Company may, in its sole discretion, approve or deny the request. Deferred Account balances allocated to the Stable Value Account under this section shall continue to be credited with
imputed interest at Moody's times 130%, consistent with Exhibit A. 

        5.3    Service With A Competitor.    If a Participant provides services for remuneration to a Competitor following his
or her Termination, then notwithstanding anything in this Plan to the contrary, the Participant's entire Deferred Account balance shall be distributed in a single lump sum as soon as administratively
feasible. 

        5.4    Hardship Distribution.    If serious and unanticipated financial hardship occurs, a Participant may request
termination of participation in the Plan and a lump-sum distribution of all or a portion of his or her Deferred Account balance. The Participant shall document, to the Company's
satisfaction, that distribution of his or her account is necessary to satisfy an unanticipated, immediate, and serious financial need, and that the Participant does not have access to other funds,
including proceeds of any loans, sufficient to satisfy the need. Upon receipt of a request under this Section, the Company may, in its sole discretion, terminate the Participant's involvement in the
Plan and distribute all or a portion of the Participant's account balance in a lump sum, to the extent necessary to satisfy the financial need. The Participant shall sign all documentation requested
by the Company relating to the distribution. Any Participant whose participation in the Plan terminates under this Section shall not be eligible to participate in any 

nonqualified
deferred compensation plan maintained by the Company for a period of 12 months following the date of the distribution. 

        5.5    Premature Distribution With Penalty.    Notwithstanding any provision in this Plan to the contrary, a
Participant or beneficiary may, at any time, request in writing a single lump-sum payment of the amount credited to his or her Deferred Account under the Plan. The amount of the payment
shall be equal to (a) the Participant's Deferred Account balance under the Plan as of the payment date, reduced by (b) an amount equal to 10% of the Deferred Account balance. This
lump-sum payment shall be subject to withholding of federal, state, and other taxes to the extent applicable. The payment shall be made within 30 days of the date on which the
Company received the request for the distribution. If a Participant makes a request under this Section, he or she shall not be eligible to participate in any nonqualified deferred compensation plan
maintained by the Company, including this Plan, for a period of 12 months after the request, and any deferred compensation agreement under any nonqualified deferred compensation plan of the
Company shall not be effective with respect to Compensation payable to the Participant during that 12-month period. 

        5.6    Distribution Upon Extraordinary Events.    If any Participant terminates employment with the Company as a
direct result of the sale, closure, or divestiture of a facility, operating division, or reduction in force in connection with any reorganization of the Company's operations or staff, the Participant
may request a lump sum distribution of his or her entire Deferred Account balance without penalty. Upon receipt of a request for distribution under this section, the Company may, in its sole
discretion, elect whether to approve or deny the request. If the Company approves the request, distribution of the Participant's Deferred Account balance shall occur on or about January 1 of
the year following the year during which Termination occurred. 

        5.7    Small Account Distributions.    On the date of Termination, if a Participant's Deferred Account balance is less
than $7,500, the Company shall promptly distribute the entire Deferred Account balance in a lump sum to the Participant, regardless of Participant's distribution election, and the Participant shall
have no further rights or benefits under this Plan. 

        5.8    Distributions Following Participant Death; Designation of Beneficiary.    The Company shall make all payments
to the Participant, if living. A Participant shall designate a beneficiary by filing a written notice of designation with the Company in such form as the Company may prescribe. If a Participant dies
either before benefit payments have commenced under this Plan or after his or her benefits have commenced but before his or her entire Deferred Account has been distributed, his or her designated
beneficiary shall receive any benefit payments in accordance with the Deferred Compensation Agreement. If no designation is in effect when any benefits payable under this Plan become due, the
beneficiary shall be the spouse of the Participant, or if no spouse is then living, the Participant's estate. 

        5.9    Distributions after a Change in Control.    The provisions of this Section 5.9 shall apply upon a Change
in Control. 

        5.9.1 For
Participants who are employed by the Company at the time of the Change in Control: (a) all amounts in the Stable Value Account (including amounts credited
to the Stable Value Account pursuant to Section 4.9.4) shall be credited with imputed interest at an annualized rate equal to Moody's times 130% for up to three years after the date of the
Change in Control, and (b) for amounts remaining in the Stable Value Account after the third anniversary of the date of the Change in Control, the imputed interest rate shall be reduced to
Moody's for up to the next seven years. 

        5.9.2 For
Participants who terminated employment with the Company prior to the Change in Control and who have a Deferred Account balance at the time of the Change in
Control, (a) if, according to Section 5.2, the Participant is entitled to imputed interest at an annualized rate equal to Moody's times 130%, then Section 5.9.1 shall apply to his
or her balance in the Stable Value Account, and (b) if, according to Section 5.2, the Participant is entitled to 

imputed
interest at an annualized rate equal to Moody's on the amounts in the Stable Value Account, then this Section 5.9 shall not change the rate of imputed interest applicable to the
Participant's balance. 

        5.9.3 Payment
of a Participant's Deferred Account balance shall be made according to the Participant's distribution election, except that to the extent that the balance is
not fully paid out within ten years after the date of the Change in Control, the entire remaining balance, less any amounts required by law to be withheld, shall be paid to the Participant in a lump
sum as soon as practical after the tenth anniversary of the date of the Change in Control. 

        5.9.4 Any
Participant whose employment is involuntarily terminated for any reason other than disciplinary reasons within three months prior to the date of the Change in
Control shall be deemed, solely for purposes of this Section 5.9, to be employed by the Company until the occurrence of the Change in Control and to have been terminated immediately thereafter. 

        6.    Miscellaneous.    

        6.1    Assignability.    A Participant's rights and interests under the Plan may not be assigned or transferred
except, in the event of the Participant's death, as described in Section 5.8. 

        6.2    Taxes.    The Company shall deduct from all payments made under this Plan all applicable federal or state taxes
required by law to be withheld. 

        6.3    Form of Communication.    Any election, application, claim, notice, or other communication required or
permitted to be made by a Participant to the Company shall be made in writing and in such form as the Company may prescribe. Such communication shall be effective upon receipt by the Company's
compensation manager at 1111 West Jefferson Street, PO Box 50, Boise, Idaho 83728. 

        6.4    Service Providers.    The Company may, in its sole discretion, retain one or more independent entities to
provide services to the Company in connection with the operation and administration of the Plan.
Except as may be specifically delegated or assigned to any such entity in writing, the Company shall retain all discretionary authority under this Plan. No Participant or other person shall be a third
party beneficiary with respect to, or have any rights or recourse under, any contractual arrangement between the Company and any such service provider. 

        7.    Amendment and Termination.    The Committee may, at its sole discretion, amend or terminate the Plan at any
time, provided that the amendment or termination shall not adversely affect the vested or accrued rights or benefits of any Participant without the Participant's prior consent. 

        8.    Unsecured General Creditor.    Except as provided in Section 9, Participants and their beneficiaries,
heirs, successors, and assigns shall have no legal or equitable rights, interest, or claims in any property or assets of the Company. The assets of the Company shall not be held under any trust for
the benefit of Participants, their beneficiaries, heirs, successors, or assigns, or held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and
all Company assets shall be, and remain, the general, unpledged, unrestricted assets of the Company. The Company's obligation under the Plan shall be an unfunded and unsecured promise of the Company
to pay money in the future. 

        9.    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, in addition to any contributions of stock made with respect to Stock Units pursuant to Section 4.9.4, 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. 

        10.    Claims Procedure.    

        10.1    In General.    Claims for benefits under the Plan, other than claims for disability benefits under
Section 5.2.3, shall be filed in writing, within 90 days after the event giving rise to a claim, with the Company's compensation manager, who shall have absolute discretion to interpret
and apply the Plan, evaluate the facts and circumstances, and make a determination with respect to the claim in the name and on behalf of the Company. The claim shall include a statement of all facts
the Participant believes relevant to the claim and copies of all documents, materials, or other evidence that the Participant
believes relevant to the claim. Written notice of the disposition of a claim shall be furnished to the Participant within 90 days after the application is filed. This 90-day period
may be extended an additional 90 days for special circumstances by the compensation manager, in his or her sole discretion, by providing written notice of the extension to the claimant prior to
the expiration of the original 90-day period. If the claim is denied, the Manager shall notify the claimant in writing. This written notice shall: 

	•
	state
the specific reasons for the denial,

	•
	refer
to the provisions of the Plan on which the determination is based,

	•
	describe
any additional material or information necessary for the claimant to perfect the claim and explain why the information is necessary,

	•
	explain
how the claimant may submit the claim for review and state applicable time limits, and

	•
	state
the claimant's right to bring an action under section 502(a) of ERISA following an adverse determination on review. 

        10.2    Disability Claims.    Claims for disability benefits under Section 5.2.3 of the Plan shall be filed in
writing, within 90 days after the event giving rise to a claim, with the Company's compensation manager, who shall have absolute discretion to interpret and apply the Plan, evaluate the facts
and circumstances, and make a determination with respect to the claim in the name and on behalf of the Company. The claim shall include a statement of all facts the Participant believes relevant to
the claim and copies of all documents, materials, or other evidence that the Participant believes relevant to the claim. Written notice of the disposition of a claim shall be furnished to the
Participant within 45 days after the application is filed. This 45-day period may be extended for up to two additional 30-day periods by the compensation manager, in his
or her sole discretion, in each case for reasons beyond the Plan's control and by providing written notice of the extension to the claimant prior to the expiration of the current period. If additional
information is needed from the Participant in order to make a decision on the claim, the Manager will notify the Participant of the information needed and the Participant will have 45 days to
provide the requested information. If the claim is denied, the Manager shall notify the claimant in writing. This written notice shall: 

	•
	state
the specific reasons for the denial,

	•
	refer
to the provisions of the Plan on which the determination is based,

	•
	describe
any additional material or information necessary for the claimant to perfect the claim and explain why the information is necessary,

	•
	explain
how the claimant may submit the claim for review and state applicable time limits,

	•
	if
an internal rule or guideline was relied upon, state that an internal rule or guideline was relied upon and that a copy of the rule or guideline will be provided at no
charge upon request, 

	•
	if
the denial is based on a medical necessity or experimental treatment exclusion, state that an explanation of the scientific or clinical judgment, applying the terms of
the plan to the claimant's circumstances, will be provided at no charge upon request, and

	•
	state
the claimant's right to bring an action under section 502(a) of ERISA following an adverse determination on review. 

        11.    Claims Review Procedure.    

        11.1    In General.    Any Participant, former Participant, or Beneficiary of either, who has been denied a benefit
claim, other than a claim for disability benefits under Section 5.2.3 of the Plan, shall be entitled, upon written request, to access to or copies of all documents and records relevant to his
or claim, and
to a review of his or her denied claim. A request for review, together with a written statement of the claimant's position and any other comments, documents, records or information that the claimant
believes relevant to his or her claim, shall be filed no later than 60 days after receipt of the written notification provided for in Section 10.1, and shall be filed with the Company's
compensation manager. The Manager shall promptly inform the Company's senior human resources officer, who shall be the named fiduciary of the Plan for purposes of claim review. The senior human
resources officer shall make his or her decision, in writing, within 60 days after receipt of the claimant's request for review. This 60-day period may be extended an additional
60 days if, in the senior human resources officer's sole discretion, special circumstances warrant the extension and if the senior human resources officer provides written notice of the
extension to the claimant prior to the expiration of the original 60-day period. The written decision shall be final and binding on all parties and shall: 

	•
	state
the facts and specific reasons for the decision,

	•
	refer
to the Plan provisions upon which the decision is based,

	•
	state
that the Participant is entitled to receive at no charge and upon request reasonable access to and copies of all documents, records, and other information relevant to
the claim, and

	•
	state
the claimant's right to bring an action under section 502(a) of ERISA. 

        11.2    Disability Claims.    Any Participant, former Participant, or Beneficiary of either, who has been denied a
claim for Disability benefits under Section 5.2.3 of the Plan, shall be entitled, upon written request, to access to or copies of all documents and records relevant to his or claim, and to a
review of his or her denied claim. A request for review, together with a written statement of the claimant's position and any other comments, documents, records or information that the claimant
believes relevant to his or her claim, shall be filed with the Company's compensation manager no later than 180 days after receipt of the written notification provided for in
Section 10.2. The Manager shall promptly inform the Company's senior human resources officer, who shall be the named fiduciary of the Plan for purposes of claim review. The senior human
resources officer shall make his or her decision, in writing, within 45 days after receiving the claimant's request for review. This 45-day period may be extended an additional
45 days if special circumstances warrant the extension and if the senior human resources officer provides written notice of the extension to the claimant prior to the expiration of the original
45-day period. The written decision shall be final and binding on all parties and shall: 

	•
	state
the facts and specific reasons for the decision,

	•
	refer
to the Plan provisions upon which the decision is based,

	•
	state
that the Participant is entitled to receive at no charge and upon request reasonable access to and copies of all documents, records, and other information relevant to
the claim,

	•
	indicate
whether any rule, guideline, protocol or criterion was relied on in the decision and, if so, that a copy of such rule, guideline, protocol or criterion will be
provided at no charge upon request, 

	•
	if
the denial is based on a medical necessity or experimental treatment exclusion, state that an explanation of the scientific or clinical judgment, applying the terms of
the plan to the claimant's circumstances, will be provided at no charge upon request, and

	•
	state
the claimant's right to bring an action under section 502(a) of ERISA. 

        12.    Lawsuits, Jurisdiction, and Venue.    No lawsuit claiming entitlement to benefits under this Plan may be filed
prior to exhausting the claims and claims review procedures described in Sections 10 and 11. Any such lawsuit must be initiated no later than (a) one year after the event(s) giving rise to the
claim occurred, or (b) 60 days after a final written decision was provided to the claimant under Section 11, whichever is sooner. Any legal action involving benefits claimed or
legal obligations relating to or arising under this Plan may be filed only in Federal District Court in the city of Boise, Idaho. Federal law shall be applied in the interpretation and application of
this Plan and the resolution of any legal action. To the extent not preempted by federal law, the laws of the state of Delaware shall apply. 

        13.    Effective Date of Plan.    This Plan shall become effective as of January 1, 2001. 

 
 

EXHIBIT A
  
    INVESTMENT ACCOUNTS    

        1.    Stable Value Account.    Deferred Accounts allocated to this account shall be credited, while the Participant is
actively employed with the Company, with imputed interest equal to an annualized rate of interest equal to 130% of Moody's Composite Average of Yields on Corporate Bonds ("Moody's") as determined each
month from Moody's Bond Record (as published by Moody's Investor's Service, Inc.) or any successor thereto, or, if such monthly report is no longer published, a substantially similar rate
determined by the Company, in its sole discretion. Moody's, for purposes of this Plan, shall be based for any given month on such published rate for the immediately preceding calendar month. Upon
Termination, Deferred Accounts allocated to this account shall be credited with either Moody's times 130% or with Moody's, as provided in Section 5.2 of the Plan. 

        2.    Stock Unit Account (Executive Officers Only).    Deferred Accounts allocated to this account shall be credited
with Stock Units as though Compensation, as it is earned and deferred, had been used to purchase shares of the Company's common stock as provided in Section 4.9 of the Plan. 

 
 

APPENDIX A
  List of Deferred Compensation Plans/Programs Merged into
  the 2001 Key Executive Deferred Compensation Plan    
    

	•
	Boise
Cascade Corporation 1982 Executive Officer Deferred Compensation Plan*

	•
	Boise
Cascade Corporation 1986 Executive Officer Deferred Compensation Plan

	•
	Boise
Cascade Corporation 1995 Executive Officer Deferred Compensation Plan

	•
	Boise
Cascade Corporation 1987 Key Executive Deferred Compensation Plan

	•
	Boise
Cascade Corporation 1995 Key Executive Deferred Compensation Plan

	•
	Boise
Cascade Corporation Key Executive Performance Plan for Executive Officers (deferral option)*

	•
	Boise
Cascade Corporation Key Executive Performance Plan for Key Executives (deferral option)*

	•
	Boise
Cascade Office Products Corporation 1995 Executive Officer Deferred Compensation Plan

	•
	Boise
Cascade Office Products Corporation 1995 Key Executive Deferred Compensation Plan

	•
	Boise
Cascade Office Products Corporation Key Executive Deferred Compensation Plan

	•
	Boise
Cascade Office Products Corporation Key Executive Performance Plan (deferral option)*

	•
	Boise
Cascade Office Products Corporation Retention and Incentive Plan (deferral option)* 

* indicates merger of plans only to extent of participant elections to transfer accrued liabilities to this Plan.

NOTE: Plan merger is effective only with respect to active employees. All rights of participants and obligations of the Company under the above-listed plans with respect to
employees who have terminated employment with the Company or any subsidiary prior to January 1, 2001, shall be as described in those plans. Such former employees shall not be Participants in,
or have any rights under, this Plan.

 
 

APPENDIX B
  Boise Cascade Corporation
  Form of Key Executive Deferred Compensation Deferral Election Agreement    
    

        THIS AGREEMENT, dated                         , is between
BOISE CASCADE CORPORATION (the "Company") and
                         (the "Executive"). The Company designates the Executive as a Participant in the Company's 2001 Key
Executive Deferred Compensation Plan (the "Plan"), which
is incorporated into this Agreement. The Company and the Executive agree as follows: 

Salary Deferral Election  

        1.     I,
the Executive, would like to defer a portion of my 2001 Compensation [YES            ]
[NO            ] [Initial one]. If Yes, I irrevocably elect to defer
receipt of             % (6% to             %) of my cash Compensation otherwise payable to me commencing
January 1, 2001.  Note: This election will apply to your base Salary and Bonus paid during 2001 and in successive years unless you elect to change this deferral election as provided in the
Plan. You will have the opportunity each year to make a different deferral election for the following year. 

Bonus Deferral Election  

        2.     I,
the Executive, would like to defer a portion of my Bonus (KEPP, Division Incentive, and/or BCOP Retention Incentive Plan) in addition to the deferral election stated
above [YES            ] [NO            ] [Initial
one]. If Yes, I irrevocably elect to defer receipt of             % (6% to 100%) of the Bonus, if any, otherwise payable in 2002 and
following years. Note: You will have the opportunity each year to make a different bonus deferral election on bonus amounts to be paid the following year. Therefore, you may
delay making this bonus election until the open enrollment period during 2001.

Company Matching Contributions  

        3.     The
Executive irrevocably elects to have the Company's matching SSRP allocations/contributions made to this Plan in lieu of any matching contributions/allocations to the
SSRP. [YES            ] [NO            ] [Initial
one] 

        The
Company believes, but does not guarantee, that a deferral election made in accordance with the terms of the Plan is effective to defer the receipt of taxable income. The Executive
has been advised to consult with his or her attorney or accountant familiar with the federal and state tax laws regarding the tax implications of this Deferred Compensation Agreement and the Plan. 

        IN
WITNESS WHEREOF, the parties have entered into this Agreement on the day first written above. 

	BOISE CASCADE CORPORATION	 	EXECUTIVE
	

By	

 	
 	

By	

 
	 	
	 	 	

 
 

Boise Cascade Corporation
  Form of Key Executive Deferred Compensation Distribution Election Agreement    
    

        THIS AGREEMENT, dated                         , is between
BOISE CASCADE CORPORATION (the "Company") and
                         (the "Executive"). The Company has designated the Executive as a Participant in the Company's 2001
Key Executive Deferred Compensation Plan (the "Plan"),
which is incorporated into this Agreement. The Company and the Executive agree as follows: 

Distribution Election. This election will apply to ALL your deferred compensation with Boise Cascade with the exception of pre-2001 Deferred
Bonus Accounts that you have decided NOT to roll into this Plan.

        1.     The
Executive elects the following form of distribution of his or her Deferred Account balance (choose one): 

	 	        	 	A.	 	Lump-sum payment.
	 	        	 	B.	 	Monthly installment payments over a period of              years (not to exceed 15 years). Payments will be approximately equal in
amount.
	 	        	 	C.	 	Other. Describe in detail below or in an attachment.

        2.     The
Executive elects the following distribution beginning date (choose one): 

	 	        	 	A.	 	January 1 of the year following Termination of Employment.
	 	        	 	B.	 	The later of age 55 or Termination of Employment.
	 	        	 	C.	 	The later of age 65 or Termination of Employment.
	 	        	 	D.	 	The later of                          (date) (cannot be later than age 65) or Termination
of Employment.

        3.     If
the Executive dies before his or her distributions from the Plan begin, the Company will pay the Executive's designated
beneficiary the Deferred Account balance as (choose one): 

	 	        	 	A.	 	Lump-sum payment.
	 	        	 	B.	 	Monthly installment payments over a period of              years (not to exceed 15 years). Payments will be approximately equal in
amount.
	 	        	 	C.	 	Other. Describe in detail below or in an attachment.

        4.     If
the Executive dies after installment payments have begun, the Company will pay the Executive's designated beneficiary
(choose one): 

	 	        	 	A.	 	Lump sum of the remaining Deferred Account balance.
	 	        	 	B.	 	The remaining installment payments.

        IN WITNESS WHEREOF, the parties have entered into this Agreement on the day first written above. 

	BOISE CASCADE CORPORATION	 	EXECUTIVE
	

By	

 	
 	

By	

 
	 	
	 	 	

 
 

Boise Cascade Corporation
  Form of Deferred Bonus Consolidation Election    
    

        THIS ELECTION, dated                         , is made by
                         (the "Executive"). The Company has
designated the Executive as a Participant in the Company's 2001 Key Executive Deferred Compensation Plan (the "Plan"), under which this Election is made. Under the terms of the Plan, the Executive may
elect to transfer existing account balances under the deferral option of the Company's Key Executive Performance Plans to this Plan. 

Deferred Bonus Consolidation Election  

        I hereby elect to transfer my Deferred Bonus Account(s) to my Deferred Account under the Plan. I acknowledge that all rights with respect to the Deferred Bonus
Account(s) under the terms of the Key Executive Performance Plan(s) will be null and void and that my rights with respect to the deferred compensation represented by those account balances will be
governed exclusively by the terms and conditions of the Plan, including but not limited to the distribution election I make or have made under the Plan. 

        [YES            ]
[NO            ]
[Initial one] 

        The
Executive has executed this Election on the day first written above. 

	 	 	EXECUTIVE
	

 	
 	

By	

 
	 	 	 	

 
 

Boise Cascade Office Products Corporation
  Form of Deferred Bonus Consolidation Election    
    

        THIS ELECTION, dated                         , is made by
                         (the "Executive"). The Company has
designated the Executive as a Participant in the Company's 2001 Key Executive Deferred Compensation Plan (the "Plan"), under which this Election is made. Under the terms of the Plan, the Executive may
elect to transfer existing account balances under the deferral option of the Company's Key Executive Performance Plans and/or Retention Incentive Plan to this Plan. 

Deferred Bonus Consolidation Election:  

        I hereby elect to transfer my Deferred Bonus Account(s) to my Deferred Account under the Plan. I acknowledge that all rights with respect to the Deferred Bonus
Account(s) under the terms of the Key Executive Performance Plan(s) will be null and void and that my rights with respect to the deferred compensation represented by those account balances will be
governed exclusively by the terms and conditions of the Plan, including but not limited to the distribution election I make or have made under the Plan. 

        [YES            ]
[NO            ]
[Initial one] 

Deferred Retention Incentive Consolidation Election:  

        I hereby elect to transfer my Deferred Retention Incentive Account to my Deferred Account under the Plan. I acknowledge that all rights with respect to the
Deferred Retention Incentive Account under the terms of the Boise Cascade Office Products Key Executive Retention and Incentive Plan will be null and void and that my rights with respect to the
deferred compensation represented by those account balances will be governed exclusively by the terms and conditions of the Plan, including but not limited to the distribution election I make or have
made under the Plan. 

        [YES            ]
[NO            ]
[Initial one] 

        The
Executive has executed this Election on the day first written above. 

	 	 	EXECUTIVE
	

 	
 	

By	

 
	 	 	 	

QuickLinks

Exhibit 10.23

BOISE CASCADE CORPORATION 2001 KEY EXECUTIVE DEFERRED COMPENSATION PLAN (As Amended Through September 26, 2003)

EXHIBIT A INVESTMENT ACCOUNTS

APPENDIX A List of Deferred Compensation Plans/Programs Merged into the 2001 Key Executive Deferred Compensation Plan

APPENDIX B Boise Cascade Corporation Form of Key Executive Deferred Compensation Deferral Election Agreement

Boise Cascade Corporation Form of Key Executive Deferred Compensation Distribution Election Agreement

Boise Cascade Corporation Form of Deferred Bonus Consolidation Election

Boise Cascade Office Products Corporation Form of Deferred Bonus Consolidation ElectionQuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.24    
    

 
 

BOISE CASCADE CORPORATION
  
    2001 BOARD OF DIRECTORS DEFERRED COMPENSATION PLAN
  
    (As Amended Through September 26, 2003)    

        1.     Purpose of the Plan. The purpose of the Boise Cascade Corporation 2001 Directors Deferred Compensation Plan (the "Plan")
is to further the growth and development of Boise Cascade Corporation (the "Company") by providing nonemployee directors of the Company the opportunity to defer all or a portion of their cash
compensation and thereby encourage their productive efforts on behalf of the Company. The Plan is an unfunded plan intended to provide Participants with an opportunity to supplement their retirement
income through deferral of current compensation. 

        2.     Definitions. 

        2.1   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 2.1(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 

1

 

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 2.1(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. 

        (e)   A
transaction described in Section 2.1(c) which is not a Change in Control of the Company solely due to the operation of Subsection 2.1(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. 

        (f)    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"). 

        (g)   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. 

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

        2.3   Compensation. A Participant's fees, payable in cash, for services rendered by a Participant as a Director of the Company
during a calendar year. Compensation shall not include any amounts paid by the Company to a Participant that are not strictly in consideration for personal services, such as expense reimbursements. 

        2.4   Deferred Account. The record maintained by the Company for each Participant of the cumulative amount of
(a) account balances accumulated under other deferred compensation plans 

2

 

or
programs of the Company which are merged into this Plan, as listed in Appendix A, (b) Compensation deferred pursuant to this Plan, plus (c) imputed gains or losses on those
amounts accrued as provided in Section 4.6. 

        2.5   Deferred Compensation Agreement. A written agreement between a Participant and the Company in substantially the form set
forth in Appendix B, whereby a Participant agrees to defer a portion of his or her Compensation and the Company agrees to make benefit payments in accordance with the provisions of the Plan. 

        2.6   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. 

        2.7   Director. An individual who is not an employee of Boise Cascade Corporation and who is a member of the Board of Directors
of Boise Cascade Corporation. 

        2.8   Investment Account. Any of the notional accounts identified by the Company from time to time, described in
Exhibit A, to which Participants may allocate all or any portion of their Deferred Accounts for purposes of determining the gains or losses to be assigned to the Deferred Accounts. 

        2.9   Normal Retirement Date. The date specified in the Company's Bylaws for the retirement of any Director. 

        2.10 Participant. A Director who has entered into a written Deferred Compensation Agreement with the Company in accordance
with the provisions of the Plan. 

        2.11 Termination. The Participant's ceasing to be a Director of the Company for any reason whatsoever, whether voluntarily or
involuntarily, including by reason of early retirement, normal retirement, or death. 

        3.     Administration and Interpretation. 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 appeals of claim denials shall be in accordance
with Sections 10 and 11. Any interpretation by the Committee shall be final and binding on the Participants. 

        4.     Participant Deferral and Distribution Elections. 

        4.1   Execution of Agreement. A Director who wishes to participate in the Plan must execute a Deferred Compensation Agreement
either (a) for newly eligible individuals, within 30 days after first becoming eligible to participate in the Plan (to defer Compensation for the remainder of that calendar year and
subsequent years), or (b) prior to January 1 of the first calendar year for which the Deferred Compensation Agreement is to be effective. 

        4.2   Deferral Election. Each Director shall have the opportunity to elect the amount of his or her Compensation, to be earned
in calendar years subsequent to the date of election, which will be deferred in accordance with this Plan. The Compensation otherwise earned by a Participant during 

3

 

each
calendar year beginning after the date of the deferral election shall be reduced by the amount elected to be deferred. Elections to defer Compensation are irrevocable except as otherwise provided
in this Plan. The amount of Compensation to be deferred will be specified in the Deferred Compensation Agreement. 

        4.3   Change of Deferral Election. 

        (a)   A
Participant who wishes to change an election to defer Compensation may do so at any time by notifying the Committee in writing prior to January 1 of the year
for which the change in election is to be effective. 

        (b)   A
Participant who wishes to change an election to defer Compensation after January 1 of any calendar year for which the change in election is to be effective must
submit a written request to the Committee to revoke his or her deferral election. The request must state why the Participant believes he or she should be permitted to revoke the prior election.
Requests will be reviewed as soon as administratively feasible and, if a change is permitted, the change will be effective for all remaining pay periods following the date of the determination. 

        4.4   Distribution Election. At the time a Director elects to defer Compensation under Section 4.2, he or she shall
elect a distribution option for the Compensation so deferred, including gains or losses thereon, as specified in the Deferred Compensation Agreement. The distribution election shall apply to all
amounts deferred under this Plan and amounts deferred under plans listed under Appendix A which have been merged into this Plan. Elections regarding distribution of Deferred Accounts under this
Plan are irrevocable except as otherwise provided in this Plan. 

        4.5   Change of Distribution Election. Participants who are active Directors may request, in writing, a change in their
distribution election. The changed distribution election must be one of the distribution options in the original Deferred Compensation Agreement. The Committee must receive the request prior to
November 30 of the year immediately preceding the year in which benefits are first scheduled to be paid. The request shall be approved or denied at the Committee's sole discretion. No change
will be permitted that would allow a payment to be made earlier than originally elected in the Deferred Compensation Agreement. 

        4.6   Deferred Account Allocations and Adjustments. The Company shall maintain a record of each Participant's Deferred Account
balance and allocations. Each Participant (a) must allocate his or her current deferrals of Compensation to one of the Investment Accounts, and (b) may, from time to time, choose to
change the allocations of his or her current deferrals of Compensation to a different Investment Account. 

        4.6.1   Each
Participant's Deferred Account shall be adjusted on a daily basis to reflect the gains or losses attributable to the notional Investment Account(s)
selected by the Participant. Computation of the gains or losses of the Investment Accounts shall be at the Company's sole discretion. 

        4.6.2   Participants
who are active Directors may change the allocation of future deferrals to or from any Investment Account on any business day, with any
change effective as of the first pay period beginning after the date of the change. 

        4.6.3   Participants
who are active Directors, may shift the allocation of all or any portion of their Deferred Account balance among any of the Investment
Accounts, other than the Stable Value Account, on any business day, with any change effective as of the next business day. 

        4.6.4   Deferred
Account balances allocated to the Stable Value Account may not be allocated to any other Investment Account. 

4

 

        5.     Distributions. 

        5.1   Distributions in General. The Company shall distribute Participants' Deferred Accounts as elected by each Participant in
the applicable Deferred Compensation Agreement, except as otherwise provided in this Section 5. 

        5.2   Plan Benefits Upon Termination. Upon Termination, a Participant shall be paid his or her account in a lump sum or in
equal quarterly installments calculated to distribute his or her account plus accrued interest for a period of not more than 15 years. Payments shall commence on the date and shall be made in
the manner elected by the Participant in the Deferred Compensation Agreement. Unpaid balances under the installment election continue to earn interest at the applicable imputed interest rate. If a
Participant does not make an election, his or her account shall be paid out in quarterly installments over 15 years beginning January 1 of the year following Termination. The Participant
may request other forms of distribution, which are subject to approval by the Company, pursuant to Section 4.5. 

        5.3   Premature Distribution with Penalty. Notwithstanding any provision in this Plan to the contrary, a Participant or
beneficiary may, at any time, request a single lump-sum payment of the amount credited to his or her Deferred Account under the Plan. The amount of the payment shall be equal to
(a) the Participant's Deferred Account balance under the Plan as of the payment date, reduced by (b) an amount equal to 10% of the Deferred Account balance. This lump-sum
payment shall be subject to withholding of federal, state, and other taxes to the extent applicable. This request must be made in writing to the Committee. The payment shall be made within
30 days of the date on which the Committee received the request for the distribution. If a Participant makes a request under this provision, he or she shall not be eligible to participate in
any nonqualified deferred compensation plan maintained by the Company, including this Plan, for a period of 12 months after the request. In addition, in such event, any deferred compensation
agreement under any nonqualified deferred compensation plan of the Company shall not be effective with respect to Compensation payable to the Participant during that 12-month period. 

        5.4   Distributions Following Participant Death; Designation of Beneficiary. The Company shall make all payments to the
Participant, if living. A Participant shall designate a beneficiary by filing a written notice of designation with the Company in such form as the Company may prescribe. If a Participant dies either
before benefit payments have commenced under this Plan or after his or her benefits have commenced but before his or her entire Deferred Account has been distributed, his or her designated beneficiary
shall receive any benefit payments in accordance with the Deferred Compensation Agreement. If no designation is in effect when any benefits payable under this Plan become due, the beneficiary shall be
the spouse of the Participant, or if no spouse is then living, the Participant's estate. 

        6.     Miscellaneous. 

        6.1   Assignability. A Participant's rights and interests under the Plan may not be assigned or transferred except, in the
event of the Participant's death, as described in Section 5.4. 

        6.2   Taxes. The Company shall deduct from all payments made under this Plan all applicable federal or state taxes required by
law to be withheld. 

        6.3   Construction. To the extent not preempted by federal law, the Plan shall be construed according to the laws of the state
of Idaho. 

        6.4   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 

5

 

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

        7.     Amendment and Termination. The Company, acting through its Board of Directors or any committee of the Board of Directors,
may, at its sole discretion, amend or terminate the Plan at any time, provided that the amendment or termination shall not adversely affect the vested or accrued rights or benefits of any Participant
without the Participant's prior consent. 

        8.     Unsecured General Creditor. Except as provided in Section 9, Participants and their beneficiaries, heirs,
successors, and assigns shall have no legal or equitable rights, interest, or claims in any property or assets of the Company. The assets of the Company shall not be held under any trust for the
benefit of Participants, their beneficiaries, heirs, successors, or assigns, or held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all
Company assets shall be, and remain, the general, unpledged, unrestricted assets of the Company. The Company's obligation under the Plan shall be an unfunded and unsecured promise of the Company to
pay money in the future. 

        9.     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. 

        10.   Claims Procedure. Claims for benefits under the Plan shall be filed in writing, within 60 days after the event
giving rise to a claim, with the Company's Manager of Salaried and Executive Compensation (the "Manager"), who shall have absolute discretion to interpret and apply the Plan, evaluate the facts and
circumstances, and make a determination with respect to the claim in the name and on behalf of the Committee. The claim shall include a statement of all relevant facts and copies of all documents,
materials, or other evidence that the claimant believes relevant to the claim. The Company shall notify the claimant in writing of the disposition of the claim within 60 days after the claim is
filed. The Manager, in his or her sole discretion, may extend this 60-day period an additional 60 days by providing written notice of the extension to the claimant before the
original 60-day period expires. If the claim is denied, the specific reasons for the denial shall be set forth in writing, pertinent provisions of the Plan shall be cited and, where
appropriate, an explanation as to how the claimant may perfect the claim or submit the claim for further review will be provided. 

        11.   Claims Review Procedure. Any Participant, former Participant, or Beneficiary of either, who has been denied a benefit
claim, shall be entitled, upon written request, to a review of the denied claim. The request, together with a written statement of the claimant's position, must be filed no later than 60 days
after receiving the written notice of denial provided for in Section 10 with the Manager, who shall promptly inform the Committee. The Committee shall review the claim and notify the claimant,
in writing, of its decision within 60 days after receiving the request for review. The Committee, in its discretion, may extend this 60-day period an additional 60 days by
providing written notice of the extension to the claimant before the original 60-day period expires. The Committee's written decision shall state the facts and Plan provisions upon which
the decision is based and shall be final and binding on all parties. 

6

 

        12.   Lawsuits, Jurisdiction, and Venue. No lawsuit claiming entitlement to benefits under this Plan may be filed prior to
exhausting the claims and claims review procedures described in Sections 10 and 11. Any such lawsuit must be initiated no later than (a) one year after the event(s) giving rise to the claim
occurred, or (b) 60 days after a final written decision was provided to the claimant under Section 11, whichever is sooner. Any legal action involving benefits claimed or legal
obligations relating to or arising under this Plan may be filed only in Federal District Court in the city of Boise, Idaho. Federal law shall be applied in the interpretation and application of this
Plan and the resolution of any legal action. To the extent not preempted by federal law, the laws of the state of Idaho shall apply. 

        13.   Effective Date of Plan. This Plan shall become effective as of January 1, 2001. 

7

 
 
 

EXHIBIT A
  
    INVESTMENT ACCOUNTS    

        1.     Stable Value Account. Deferred Accounts allocated to this account shall be credited, while the Participant is a Director
of the Company, with imputed interest equal to an annualized rate of interest equal to 130% of Moody's Composite Average of Yields on Corporate Bonds ("Moody's") as determined each month from Moody's
Bond Record (as published by Moody's Investor's Service, Inc.) or any successor thereto, or, if such monthly report is no longer published, a substantially similar rate determined by the
Company, in its sole discretion. Moody's, for purposes of this Plan, shall be based for any given month on such published rate for the immediately preceding calendar month. 

8

 
 
 

APPENDIX A
  List of Deferred Compensation Plans/Programs Merged into
  the 2001 Board of Directors Deferred Compensation Plan    
    

	•
	Boise
Cascade Corporation 1987 Board of Directors Deferred Compensation Plan

	•
	Boise
Cascade Corporation 1995 Board of Directors Deferred Compensation Plan

	•
	Boise
Cascade Office Products Corporation 1995 Board of Directors Deferred Compensation Plan

	•
	Boise
Cascade Office Products Corporation Board of Directors Deferred Compensation Plan 

9

 

 
 

APPENDIX B
  Boise Cascade Corporation
  Form of Director Compensation Election Agreement    
    

        This agreement constitutes my election, if any, under Boise Cascade's Director Stock Compensation Plan and Director Deferred Compensation Plan and is subject to
the provisions of these plans. I agree that my requests to receive compensation in the form of a stock option and/or to defer cash compensation into the deferred compensation plan are irrevocable by
me for compensation to be earned in 200    . 

        I
wish to receive my cash compensation (retainer and meeting fees) as follows: 

	 
	 	200  ELECTIONS
	 	NEW

200  ELECTIONS
	 
	Deep Discount Stock Options under the Director Stock Compensation Plan	 	            	%	            	%
	Director Deferred Compensation Plan*	 	            	%	            	%
	Cash	 	            	%	            	%
	 	 	100	%	100	%

	*
	The
dollar value of the percent you defer must be at least $5,000 per year. Boise Cascade believes, but does not guarantee, that a deferral election made under the terms of the plan is
effective to defer the receipt of taxable income. You are advised to consult with your attorney or accountant regarding the federal and state tax law implications of this deferral. 

	Date:	 	 	 	Signed:	 	 
	 	 	 	
	 	 	 	
 Director

This form must be returned before December 31, 200  , to:

Karen
E. Gowland

Vice President and Corporate Secretary

Boise Cascade Corporation

P.O. Box 50

Boise, ID 83728-0001

FAX: 208/384-6566 

10

 
 
 

Boise Cascade Corporation
  Form of Director Deferred Compensation Distribution Election Agreement    
    

        THIS AGREEMENT dated                        , is between BOISE
CASCADE CORPORATION ("the Company") and                        (the "Director"). Director is a Participant in the
Company's 2001 Board of Directors Deferred Compensation Plan (the "Plan"), which is incorporated into this Agreement. 

        The
Company and the Director agree to the following distribution of Director's account balance under the plan: 

Distribution Election

This election will apply to ALL your deferred compensation with Boise Cascade.

        1.     The
Director elects the following form of distribution of his or her Deferred Account balance: 

	 	        	 	A.	 	Lump-sum payment.
	 	        	 	B.	 	Quarterly installment payments (estimated to be level payments) over a period of            years (not to exceed 15 years).
	 	        	 	C.	 	As set forth in Exhibit A (alternative distribution plan not to exceed 15 years).

        2.     The
Director elects the following distribution beginning date: 

	 	        	 	A.	 	January 1 of the year following Termination.
	 	        	 	B.	 	The later of age 55 or Termination.
	 	        	 	C.	 	The later of age 65 or Termination.
	 	        	 	D.	 	The later of            (date) or his or her Normal Retirement Date.

        3.     If
the Director dies before his or her distributions from the Plan begin, the Company will pay the Director's designated
beneficiary the Deferred Account balance as a (choose one): 

	 	        	 	A.	 	Lump-sum payment.
	 	        	 	B.	 	Quarterly installment payments over a period of            years (not to exceed 15 years).
	 	        	 	C.	 	As set forth in Exhibit A (alternative distribution plan not to exceed 15 years).

        4.     If
the Director dies after installment payments have begun, the Company will pay the Director's designated beneficiary
(choose one): 

	 	        	 	A.	 	Lump sum of the remaining Deferred Account balance.
	 	        	 	B.	 	The remaining installment payments, if any.

        IN WITNESS WHEREOF, the parties have entered into this Agreement on the day first written above. 

	BOISE CASCADE CORPORATION	 	DIRECTOR
	

By	

 	
 	

By	

 
	 	
	 	 	

11

QuickLinks

Exhibit 10.24

BOISE CASCADE CORPORATION 2001 BOARD OF DIRECTORS DEFERRED COMPENSATION PLAN (As Amended Through September 26, 2003)

EXHIBIT A INVESTMENT ACCOUNTS

APPENDIX A List of Deferred Compensation Plans/Programs Merged into the 2001 Board of Directors Deferred Compensation Plan

APPENDIX B Boise Cascade Corporation Form of Director Compensation Election Agreement

Boise Cascade Corporation Form of Director Deferred Compensation Distribution Election Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]