Document:

<PAGE>

                                                                 Exhibit 10.14

                          LOUISIANA-PACIFIC CORPORATION

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                      Amended and Restated January 1, 2000
<PAGE>

                                TABLE OF CONTENTS

                                                                           PAGE
                                                                           ----

ARTICLE I--PURPOSE; EFFECTIVE DATE...........................................1

ARTICLE II--DEFINITIONS......................................................1

  2.1 Acquiring Person.......................................................1
  2.2 Actuarial Equivalent...................................................1
  2.3 Beneficiary............................................................1
  2.4 Board..................................................................2
  2.5 Change in Control......................................................2
  2.6 Committee..............................................................3
  2.7 Compensation...........................................................3
  2.8 Corporation............................................................3
  2.9 Deferred Retirement Date...............................................3
  2.10 Disability............................................................4
  2.11 Early Retirement Date.................................................4
  2.12 Employer..............................................................4
  2.13 Final Average Compensation............................................4
  2.14 Final Compensation....................................................4
  2.15 Involuntarily Terminated..............................................4
  2.16 Normal Retirement Date................................................4
  2.17 Participant...........................................................5
  2.18 Participation Agreement...............................................5
  2.19 Qualified and Other Plan Accounts.....................................5
  2.20 Retirement............................................................5
  2.21 Spouse................................................................5
  2.22 Supplemental Retirement Benefit.......................................5
  2.23 Target Retirement Percentage..........................................5
  2.24 Years of Credited Service.............................................6
  2.25 Years of Participation................................................6

ARTICLE III--PARTICIPATION AND VESTING.......................................6

  3.1 Eligibility and Participation..........................................6
  3.2 Vesting................................................................6
  3.3 Cessation of Eligibility...............................................6

ARTICLE IV--PRERETIREMENT SURVIVOR BENEFIT...................................6

  4.1 Pretermination Survivor Benefit........................................6

                                                                             (i)
<PAGE>

                                TABLE OF CONTENTS

                                                                           PAGE
                                                                           ----

ARTICLE V--SUPPLEMENTAL RETIREMENT BENEFITS..................................7

  5.1 Normal Retirement Benefit..............................................7
  5.2 Deferred Retirement Benefit............................................7
  5.3 Early Retirement Benefit...............................................8
  5.4 Early Termination Retirement Benefit...................................8
  5.5 Change in Control Benefits.............................................8
  5.6 Disability Retirement Benefit..........................................8
  5.7 Payment of Benefits....................................................9
  5.8 Accelerated Distribution...............................................9
  5.9 Excise Tax and Lost Benefit Makeup....................................10
  5.10 Withholding; Payroll Taxes...........................................10
  5.11 Payment to Guardian..................................................10

ARTICLE VI--BENEFICIARY DESIGNATION.........................................10

  6.1 Beneficiary Designation...............................................10
  6.2 Changing Beneficiary..................................................10
  6.3 Community Property....................................................11
  6.4 No Beneficiary Designation............................................11

ARTICLE VII--ADMINISTRATION.................................................12

  7.1 Committee; Duties.....................................................12
  7.2 Agents................................................................12
  7.3 Binding Effect of Decisions...........................................12
  7.4 Indemnity of Committee................................................12
  7.5 Binding Effect of Decisions...........................................12
  7.6 Indemnity of Committee................................................13

ARTICLE VIII--CLAIMS PROCEDURE..............................................13

  8.1 Claim.................................................................13
  8.2 Denial of Claim.......................................................13
  8.3 Review of Claim.......................................................13
  8.4 Final Decision........................................................13

ARTICLE IX--TERMINATION, SUSPENSION OR AMENDMENT............................14

  9.1 Termination, Suspension or Amendment of Plan..........................14

                                                                            (ii)
<PAGE>

                                TABLE OF CONTENTS

                                                                           PAGE
                                                                           ----

ARTICLE X--MISCELLANEOUS....................................................14

  10.1 Unfunded Plan........................................................14
  10.2 Unsecured General Creditor...........................................14
  10.3 Trust Fund...........................................................14
  10.4 Nonassignability.....................................................15
  10.5 Not a Contract of Employment.........................................15
  10.6 Protective Provisions................................................15
  10.7 Terms................................................................15
  10.8 Captions.............................................................15
  10.9 Governing Law; Arbitration...........................................15
  10.10 Validity............................................................16
  10.11 Notice..............................................................16
  10.12 Successors..........................................................16

                                                                           (iii)
<PAGE>

                         LOUISIANA-PACIFIC CORPORATION

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                       ARTICLE I--PURPOSE; EFFECTIVE DATE

      The purpose of this Supplemental Executive Retirement Plan (the "Plan") is
to provide supplemental retirement and death benefits for certain key employees
of Louisiana-Pacific Corporation (the "Corporation"). It is intended that the
Plan will aid in retaining and attracting employees of exceptional ability by
providing them with these benefits. The Plan became effective as of July 1,
1997, and is amended and restated as of January 1, 2000 as set forth herein.

                             ARTICLE II--DEFINITIONS

      For the purposes of the Plan, the following terms shall have the meanings
indicated, unless the context clearly indicates otherwise:

2.1   Acquiring Person

      "Acquiring Person" means any person or related person or related persons
which constitute a "group" for purposes of Section 13(d) and Rule 13d-5 under
the Securities Exchange Act of 1934, as amended (the "Exchange Act"); provided,
however, that the term Acquiring Person shall not include:

            (a) Corporation or any of its Subsidiaries;

            (b) Any employee benefit plan or related trust of Corporation or any
      of its Subsidiaries;

            (c) Any entity holding voting capital stock of Corporation for or
      pursuant to the terms of any such employee benefit plan; or

            (d) Any person or group solely because such person or group has
      voting power with respect to capital stock of Corporation arising from a
      revocable proxy or consent given in response to a public proxy or consent
      solicitation made pursuant to the Exchange Act.

2.2   Actuarial Equivalent

      "Actuarial Equivalent" means equivalence in value between two (2) or more
forms and/or times of payment based on a determination by an actuary chosen by
the Corporation, using sound actuarial assumptions at the time of such
determination.

2.3   Beneficiary

      "Beneficiary" means the person, persons or entity entitled under Article
VI to receive any Plan benefits payable after a Participant's death.

PAGE 1 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

2.4   Board

      "Board" means the Board of Directors of the Corporation,

2.5   Change in Control

      A "Change in Control" shall occur upon:

            (a) The acquisition by any Acquiring Person of beneficial ownership
      (within the meaning of Rule 13d-3 under the Exchange Act) of twenty
      percent (20%) or more of the combined voting power of the then outstanding
      securities which vote generally in the election of directors ("Voting
      Securities"); provided, however, that for purposes of this paragraph (a),
      the following acquisitions will not constitute a Change in Control:

                  (i) Any acquisition directly from Corporation;

                  (ii) Any acquisition by Corporation;

                  (iii)Any acquisition by any employee benefit plan (or related
            trust) sponsored or maintained by Corporation or any corporation
            controlled by Corporation; or

                  (iv) Any acquisition by any corporation pursuant to a
            transaction that complies with clauses (i), (ii), and (iii) of
            paragraph (c) of this definition of Change in Control; or

            (b) During any period of twelve (12) consecutive calendar months,
      individuals who at the beginning of such period constitute the Board (the
      "Incumbent Board") cease for any reason to constitute at least a majority
      of the Board; provided, however, that any individual who becomes a
      director during the period whose election, or nomination for election, by
      Corporation's shareholders was approved by a vote of at least a majority
      of the directors then constituting the Incumbent Board will be considered
      as though such individual were a member of the Incumbent Board, but
      excluding, for this purpose, any such individual whose initial assumption
      of office occurs as a result of an actual or threatened election contest
      with respect to the election or removal of directors or other actual or
      threatened solicitation of proxies or consents by or on behalf of a Person
      (as such term is used in Section 3(d) and 14(d) of the Exchange Act) other
      than the Board; or

            (c) Consummation of a reorganization, merger, or consolidation or
      sale or other disposition of all or substantially all of the assets of
      Corporation (a "Business Combination") in each case, unless, following
      such Business Combination:

                  (i) All or substantially all of the individuals and entities
            who were the beneficial owners of the Voting Securities outstanding
            immediately prior to such Business Combination beneficially own,
            directly or indirectly, more than fifty percent (50%) of,
            respectively, the then outstanding shares of common

PAGE 2 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

            stock and the combined voting power of the then outstanding voting
            securities entitled to vote generally in the election of directors,
            as the case may be, of the corporation resulting from such Business
            Combination (including, without limitation, a corporation which as a
            result of such transaction owns Corporation or all or substantially
            all of Corporation's assets either directly or through one (1) or
            more subsidiaries) in substantially the same proportions as their
            ownership, immediately prior to such Business Combination, of the
            Voting Securities;

                  (ii) No Person (excluding any employee benefit plan, or
            related trust, of Corporation or such corporation resulting from
            such Business Combination) beneficially owns, directly or
            indirectly, twenty percent (20%) or more of, respectively, the then
            outstanding shares of common stock of the corporation resulting from
            such Business Combination or the combined voting power of the then
            outstanding voting securities of such corporation except to the
            extent that such ownership existed prior to the Business
            Combination; and

                  (iii) At least a majority of the members of the board of
            directors of the corporation resulting from such Business
            Combination were members of the Incumbent Board at the time of the
            execution of the initial agreement, or of the action of the Board,
            providing for such Business Combination; or

            (d) Approval by the shareholders of Corporation of any plan or
      proposal for the liquidation or dissolution of Corporation.

2.6   Committee

      "Committee" means the Committee appointed by the Chief Executive Officer
to administer the Plan pursuant to Article VII.

2.7   Compensation

      "Compensation" means base pay and annual incentives paid to a Participant
during the calendar year, before reduction for amounts deferred under the
Louisiana-Pacific Executive Deferred Compensation Plan or any other salary
reduction program. Compensation does not include expense reimbursements, any
form of noncash Compensation or benefits, group life insurance premiums, or any
other payments or benefits other than normal Compensation.

2.8   Corporation

      "Corporation" means Louisiana-Pacific Corporation, a Delaware corporation,
or any successor to the business thereof.

2.9   Deferred Retirement Date

      "Deferred Retirement Date" means the first day of the month coincident
with or next following the Participant's severance of employment if it occurs
after the Participant's Normal Retirement Date.

PAGE 3 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

2.10  Disability

      "Disability" means a physical or mental condition which, in the opinion of
the Committee, prevents an employee from satisfactorily performing employee's
usual duties for Employer. The Committee's decision as to Disability will be
based upon medical reports and/or evidence satisfactory to the Committee. In no
event shall a Disability be deemed to occur or to continue after a Participant's
Normal Retirement Date.

2.11  Early Retirement Date

      "Early Retirement Date" means the date on which the Participant terminates
employment if it occurs on or after the first day of the month coincidental with
or next following a Participant's attainment of age fifty-five (55) and
completion of five (5) Years of Participation, but prior to his Normal
Retirement Date.

2.12  Employer

      "Employer" means the Corporation and any affiliated or subsidiary
corporation of the Corporation which is incorporated under the laws of any state
of the United States.

2.13  Final Average Compensation

      "Final Average Compensation" means the Participant's Compensation during
the sixty (60) consecutive calendar months out of the last one hundred twenty
(120) months of employment with the Employer in which the Participant's
Compensation is the highest divided by sixty (60).

2.14  Final Compensation

      "Final Compensation" means a Participant's base pay for the twelve (12)
months prior to termination of employment with the Employer, plus the average
annual incentive paid the last three (3) years, divided by twelve (12). If the
Participant has not been a Participant in the Employer's annual incentive plan
for three (3) full years or been an employee for a full twelve (12) months, then
the preceding determination shall be adjusted pro rata.

2.15  Involuntarily Terminated

      "Involuntarily Terminated" means a Participant is discharged or resigns in
response to a change in day-to-day duties, or reduction in Compensation or
benefits, to a downward change of title, or to a relocation requested by
Employer.

2.16  Normal Retirement Date

      "Normal Retirement Date" means the first day of the month coincident with
or next following the Participant's attainment of age sixty-two (62).

PAGE 4 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

2.17  Participant

      "Participant" means any individual who is participating or has
participated in the Plan as provided in Article III.

2.18  Participation Agreement

      "Participation Agreement" means the agreement filed by a Participant which
acknowledges assent to the terms of the Plan.

2.19  Qualified and Other Plan Accounts

      "Qualified and Other Plan Accounts" means a Participant's (1) ESOT, ESOT
Transfer, Matching, Profit Sharing and Frozen Profit Sharing Accounts under the
Louisiana-Pacific Salaried 401(k) and Profit Sharing Plan, (2) accrued benefit
under the Louisiana-Pacific Corporation Retirement Account Plan, (3)
Supplemental Benefit Plan Account under the Louisiana-Pacific Supplemental
Benefits Plan, (4) Qualified Plan Makeup Credits Account under the
Louisiana-Pacific Executive Deferred Compensation Plan and (5) fifty percent
(50%) of the value of his or her Employer Matching Contributions Account under
the Louisiana-Pacific Executive Deferred Compensation Plan.

2.20  Retirement

      "Retirement" means a Participant's separation from employment with the
Employer at the Participant's Early Retirement Date, Normal Retirement Date, or
Deferred Retirement Date.

2.21  Spouse

      "Spouse" means a Participant's wife or husband who is lawfully married to
the Participant at the time of the Participant's death.

2.22  Supplemental Retirement Benefit

      "Supplemental Retirement Benefit" means the benefit determined under
Article V of this Plan.

2.23  Target Retirement Percentage

      "Target Retirement Percentage" means the percentage of Final Average
Compensation which will be used as a target from which other forms of retirement
benefits are subtracted, as provided in Article V, to arrive at the amount of
the Supplemental Retirement Benefit actually payable to a Participant. This
percentage shall equal fifty percent (50%) multiplied by a fraction, the
numerator of which is the Participant's Years of Credited Service, not to exceed
fifteen (15), and the denominator of which is fifteen (15). The adjusted Target
Retirement Percentage shall be rounded to four (4) decimal places.

PAGE 5 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

2.24  Years of Credited Service

      "Years of Credited Service" means the number of years of credited vesting
service determined under the provisions of the Employer's Qualified Retirement
Plan.

2.25  Years of Participation

      "Years of Participation" means the number of twelve (12) month periods the
Participant has been a Participant in the Plan as set out in Section 3.1(b) of
the Plan. For the initial Participants, as set out in Appendix A, Years of
Participation shall be measured from January 1, 1997.

                     ARTICLE III--PARTICIPATION AND VESTING

3.1   Eligibility and Participation

            (a) Eligibility. Eligibility to participate in the Plan shall be
      limited to those employees who are designated by the Committee.

            (b) Participation. An employee's participation in the Plan shall be
      effective upon notification of the employee of his status as a Participant
      by the Committee. Participation in the Plan shall continue until such time
      as the Participant terminates employment with the Employer, and as long
      thereafter as the Participant is eligible to receive benefits under this
      Plan.

3.2   Vesting

      Each Participant shall be one hundred percent (100%) vested in benefits
under this Plan after completing five (5) Years of Participation in the Plan.
The preceding notwithstanding, each Participant shall be one hundred percent
(100%) vested in benefits under this Plan upon death, Disability or a Change in
Control.

3.3   Cessation of Eligibility

      Notwithstanding Section 3.1(b) of this Plan, if a Participant ceases to be
designated by the Committee as eligible to participate in the Plan, by reason of
a change in employment status or otherwise, participation herein and eligibility
to receive benefits hereunder shall be limited to the Participant's interest in
such benefits as of the date designated by the Committee.

                   ARTICLE IV--PRERETIREMENT SURVIVOR BENEFIT

4.1   Pretermination Survivor Benefit

      If a Participant dies while employed by the Employer, the Employer shall
pay a supplemental survivor benefit to the Participant's Spouse. The amount of
this benefit shall be equal to one-half (1/2) of the monthly accrued
Supplemental Retirement Benefit payable monthly for the life of the Spouse.

PAGE 6 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

                   ARTICLE V--SUPPLEMENTAL RETIREMENT BENEFITS

5.1   Normal Retirement Benefit

      If a Participant retires on their Normal Retirement Date, the Employer
shall pay to the Participant a monthly Supplemental Retirement Benefit equal to
the Target Retirement Percentage multiplied by the Participant's Final Average
Compensation, less

            (a) Fifty percent (50%) of the Participant's primary Social Security
      benefit determined at age sixty-two (62), and

            (b) An amount equal to the Participant's Qualified and Other Plan
      Accounts balances converted to a monthly life annuity. Such conversion
      shall be at the PBGC immediate annuity rate;

times the vesting percentage determined under Section 3.2 of this Plan.

5.2   Deferred Retirement Benefit

      If a Participant retires at a Deferred Retirement Date, the Employer shall
pay to the Participant a Supplemental Retirement Benefit calculated pursuant to
Section 5.1, except that 5.1(a) and 5.1(b) shall be measured at the
Participant's date of termination.

5.3   Early Retirement Benefit

      If a Participant retires at an Early Retirement Date, the Employer shall
pay to the Participant a monthly Supplemental Retirement Benefit equal to the
Target Retirement Percentage multiplied by the Participant's Final Average
Compensation, less

            (a) Fifty percent (50%) of the Participant's primary Social Security
      benefit projected to be paid at age sixty-two (62) based on the then
      current law and assuming no future increases in Compensation, and

            (b) An amount equal to the Participant's Qualified and Other Plan
      Accounts balances at termination converted to a life annuity using the
      PBGC immediate annuity rate;

times the vesting percentage determined under Section 3.2 of this Plan.

      If a Participant retires with the approval of the Committee, the above
Early Retirement Benefit shall be reduced by three percent (3%) for each year by
which the benefit commencement date precedes the Participant's sixty-second
(62nd) birthday (prorated for partial years on a monthly basis). If a
Participant retires without the approval of the Committee, the above Early
Retirement Benefit shall be reduced by five percent (5%) for each year by which
the benefit commencement date precedes the Participant's sixty-second (62nd)
birthday (prorated for partial years on a monthly basis). For Participants who
retire without approval of the Committee, this benefit shall be further reduced
by a fraction equal to the Participant's Actual Years of Service at termination
over Years of Service the Participant would have had at age sixty-two (62).

PAGE 7 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

The Participant may elect to delay the receipt of Early Retirement benefits if
the election is filed ninety (90) days before termination. Benefits may not be
delayed beyond age sixty-five (65).

5.4   Early Termination Retirement Benefit

      If a Participant terminates employment prior to Early Retirement, the
Employer shall pay to the Participant a monthly Supplemental Retirement Benefit
equal to the product of (a) times (b) times (c) where:

            (a) is an amount equal to the Target Retirement Percentage
      multiplied by the Participant's Final Average Compensation, less

                  (i) Fifty percent (50%) of the Participant's primary Social
            Security benefit determined at age sixty-two (62), and

                  (ii) An amount equal to the Qualified and Other Plan Accounts
            balances at age sixty-two (62) converted to life annuity using the
            PBGC immediate annuity rate;

            (b) is the vesting percentage determined under Section 3.2 of this
      Plan; and

            (c) is a fraction equal to the Participant's Years of Service at
      termination over Years of Service the Participant would have had at age
      sixty-two (62).

5.5   Change in Control Benefits

      If a Participant is Involuntarily Terminated within thirty-six (36) months
of a Change in Control, such Participant shall be granted two (2) extra Years of
Service under the Plan, and the greater of Final Compensation or Final Average
Compensation shall be used in determining the Participant's benefit. For such
Involuntarily Terminated Participants, benefits shall be payable at the later of
age fifty-five (55) or their date of termination. Such benefit shall be
calculated pursuant to Section 5.3 and as if the Participant Retired with the
approval of the Committee. In Section 5.3(b), the measurement date of the
Qualified and Other Plan Accounts balances shall be the date benefits commence.

5.6   Disability Retirement Benefit

      If a person terminates employment prior to Normal Retirement as a result
of Disability, the Employer shall pay to the Participant a Supplemental
Retirement Benefit commencing at the Participant's Normal Retirement Date equal
to the amount the Participant would have received at such time under the Normal
Retirement provisions of this Article. For purposes of this calculation, Years
of Credited Service and Years of Participation shall continue to accrue during
the period of Disability and the Participant's Final Average Compensation shall
be based only on the amounts earned during the sixty (60) months prior to
Disability if this provides the Participant with a greater benefit.

PAGE 8 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

5.7   Payment of Benefits

            (a) Form of Benefit Payments. The normal form of benefit payment
      shall be a life annuity. Any other form of benefit elected by the
      Participant shall be the Actuarial Equivalent to a life annuity. At the
      time of enrollment the Participant shall elect the form of benefit
      payment. The form of benefit payments available to the Participant shall
      be:

                  (i)   Life Annuity.

                  (ii)  10-Year Certain and Life.

                  (iii) 50% Joint and Survivor.

                  (iv)  100% Joint and Survivor.

      Participants may amend their form of benefit election by filing a change
form with the Committee at least ninety (90) days before termination of
employment.

            (b) Commencement of Benefit Payments. The Supplemental Retirement
      Benefits payable to a Participant under the Normal and Deferred Retirement
      provisions of this Article shall commence within thirty (30) days of the
      Participant's termination of employment. The Early Retirement Benefit
      payable to a Participant shall commence within thirty (30) days of
      Participant's termination. However, the Participant may elect to delay the
      commencement of the benefit if such election is made at least ninety (90)
      days prior to termination (may not be delayed beyond sixty-second (62nd)
      birthday). The Supplemental Retirement Benefits payable to a Participant
      under the Early Termination or Disability provisions of this Article shall
      commence within thirty (30) days of the Participant attaining age
      sixty-two (62).

5.8   Accelerated Distribution

      Notwithstanding any other provision of the Plan, at any time a Participant
shall be entitled to receive, upon written request to the Committee, a lump-sum
distribution of the Actuarial Equivalent of the Participant's unpaid vested
accrued benefits under this Plan on the date on which the Committee receives the
written request. The vested accrued benefit for active Participants shall be
calculated assuming the Participant had terminated without permission on the
date the distribution is requested. Each accelerated distribution shall be
subject to a penalty equal to ten percent (10%) of the amount that would
otherwise be distributed, and that amount shall be forfeited by the Participant.
The amount payable under this section shall be paid in a lump sum within
sixty-five (65) days following the receipt of the notice by the Committee from
the Participant. In the event a Participant requests and obtains an accelerated
distribution under this section and remains employed by the Employer,
participation will cease and there will be no future benefit accruals under this
Plan for a period of one (1) year.

PAGE 9 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

5.9   Excise Tax and Lost Benefit Makeup

      If as a result of participating in the Plan the Participant is required to
pay additional excise tax under Section 4999 of the Internal Revenue Code
("IRC"), or receives a smaller benefit from any other Employer plan as a result
of any IRC Section 280G Golden Parachute limitations, then a makeup amount shall
be payable from the Plan. This amount shall be equal to the amount of Section
4999 excise tax payable and any lost benefit from other Employer Plans due to
IRC Section 280G Golden Parachute limitation, as a result of participation in
the Plan, plus any excise tax and income taxes payable due to this payment. The
Corporation and Participant shall cooperate in good faith in making such
determination and in providing the necessary information for this purpose.

5.10  Withholding; Payroll Taxes

      The Employer shall withhold from payments made hereunder any taxes
required to be withheld from a Participant's wages for the federal or any state
or local government. However, a Beneficiary may elect not to have withholding
for federal income tax purposes pursuant to Section 3405 of the Internal Revenue
Code, or any successor provision.

5.11  Payment to Guardian

      If a Plan benefit is payable to a minor or a person declared incompetent
or to a person incapable of handling the disposition of his property, the
Committee may direct payment of such Plan benefit to the guardian, legal
representative or person having the care and custody of such minor, incompetent
or person. The Committee may require proof of incompetency, minority, incapacity
or guardianship as it may deem appropriate prior to distribution of the Plan
benefit. Such distribution shall completely discharge the Committee and the
Employer from all liability with respect to such benefit.

                       ARTICLE VI--BENEFICIARY DESIGNATION

6.1   Beneficiary Designation

      Each Participant shall have the right, at any time, to designate any
person or persons as his Beneficiary or Beneficiaries (both primary as well as
secondary) to whom benefits under this Plan shall be paid in the event of his
death prior to complete distribution to Participant of the benefits due under
the Plan. Each Beneficiary designation shall be in a written form prescribed by
the Committee, and will be effective only when filed with the Committee during
the Participant's lifetime.

6.2   Changing Beneficiary

      Subject to Section 6.3, any Beneficiary designation may be changed by a
Participant without the consent of the previously named Beneficiary by the
filing of a new designation with the Committee. The filing of a new designation
shall cancel all designations previously filed. If a Participant's Compensation
is community property,

PAGE 10 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

any Beneficiary designation shall be valid or effective only as permitted by
applicable law.

6.3   Community Property

      If the Participant resides in a community property state, the following
rules shall apply:

            (a) Designation by a married Participant of a Beneficiary other than
      the Participant's Spouse shall not be effective unless the Spouse executes
      a written consent that acknowledges the effect of the designation, or it
      is established the consent cannot be obtained because the Spouse cannot be
      located.

            (b) A married Participant's Beneficiary designation may be changed
      by a Participant with the consent of the Participant's Spouse as provided
      for in Section 6.3(a) by the filing of a new designation with the
      Committee.

            (c) If the Participant's marital status changes after the
      Participant has designated a Beneficiary, the following shall apply:

                  (i) If the Participant is married at the time of death but was
            unmarried when the designation was made, the designation shall be
            void unless the Spouse has consented to it in the manner prescribed
            in Section 6.3(a).

                  (ii) If the Participant is unmarried at the time of death but
            was married when the designation was made:

                        A) The designation shall be void if the Spouse was named
                  as Beneficiary unless Participant had submitted a change of
                  beneficiary listing the former Spouse as the beneficiary.

                        B) The designation shall remain valid if a non-Spouse
                  Beneficiary was named.

                  (iii) If the Participant was married when the designation was
                        made and is married to a different Spouse at death, the
                        designation shall be void unless the new Spouse has
                        consented to it in the manner prescribed above.

6.4   No Beneficiary Designation

      In the absence of an effective Beneficiary Designation, or if all
designated Beneficiaries predecease the Participant or dies prior to complete
distribution of the Participant's benefits, then the Participant's designated
Beneficiary shall be deemed to be the person in the first of the following
classes in which there is a survivor:

            (a)   the surviving Spouse;

PAGE 11 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

            (b) the Participant's children, except that if any of the children
      predeceases the Participant but leaves issue surviving, then such issue
      shall take by right of representation the share the parent would have
      taken if living;

            (c) the Participant's estate.

                           ARTICLE VII--ADMINISTRATION

7.1   Committee; Duties

      The Plan shall be administered by the Committee, which shall consist of
not less than three (3) persons appointed by the Chief Executive Officer and
which may include the CEO as a member. The Committee shall have the authority to
make, amend, interpret and enforce all appropriate rules and regulations for the
administration of the Plan and decide or resolve any and all questions,
including interpretations of the Plan, as may arise in connection with the Plan.
A majority vote of the Committee members shall control any decision. Members of
the Committee may be Participants under the Plan.

7.2   Agents

      The Committee may, from time to time, employ other agents and delegate to
them such administrative duties as it sees fit, and may from time to time
consult with counsel who may be counsel to the Employer.

7.3   Binding Effect of Decisions

      The decision or action of the Committee with respect to any question
arising out of or in connection with the administration, interpretation and
application of the Plan and the rules and regulations promulgated hereunder
shall be final, conclusive and binding upon all persons having any interest in
the Plan.

7.4   Indemnity of Committee

      The Employer shall indemnify and hold harmless the members of the
Committee against any and all claims, loss, damage, expense or liability arising
from any action or failure to act with respect to the Plan, except in the case
of gross negligence or willful misconduct.

7.5   Binding Effect of Decisions

      The decision or action of the Committee in respect of any question arising
out of or in connection with the administration, interpretation and application
of the Plan and the rules and regulations promulgated hereunder shall be final
and conclusive and binding upon all persons having any interest in the Plan.

PAGE 12 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

7.6   Indemnity of Committee

      The Employer shall indemnify and hold harmless the members of the
Committee and the against any and all claims, loss, damage, expense or liability
arising from any action or failure to act with respect to this Plan, except in
the case of gross negligence or willful misconduct.

                         ARTICLE VIII--CLAIMS PROCEDURE

8.1   Claim

      Any person claiming a benefit, requesting an interpretation or ruling
under the Plan, or requesting information under the Plan shall present the
request in writing to the Committee which shall respond in writing within thirty
(30) days.

8.2   Denial of Claim

      If the claim or request is denied, the written notice of denial shall
state:

            (a) The reason for denial, with specific reference to the Plan
      provisions on which the denial is based.

            (b) A description of any additional material or information required
      and an explanation of why it is necessary.

            (c) An explanation of the Plan's claim review procedure.

8.3   Review of Claim

      Any person whose claim or request is denied or who has not received a
response within thirty (30) days may request review by notice given in writing
to the Committee. The claim or request shall be reviewed by the Committee who
may, but shall not be required to, grant the claimant a hearing. On review, the
claimant may have representation, examine pertinent documents, and submit issues
and comments in writing.

8.4   Final Decision

      The decision on review shall normally be made within sixty (60) days. If
an extension of time is required for a hearing or other special circumstances,
the claimant shall be notified and the time limit shall be one hundred twenty
(120) days. The decision shall be in writing and shall state the reason and the
relevant plan provisions. All decisions on review shall be final and bind all
parties concerned.

PAGE 13 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

                ARTICLE IX--TERMINATION, SUSPENSION OR AMENDMENT

9.1   Termination, Suspension or Amendment of Plan

      The Corporation may at any time terminate, suspend or amend the Plan in
whole or in part; provided, however, that any such termination or suspension, or
any amendment that would materially change the benefits provided under the Plan,
shall be subject to the prior approval of the Compensation Committee of the
Board. Provided, further, that no such action shall be effective to decrease or
restrict the accrued benefit of any Participant as of the date of such action.

                            ARTICLE X--MISCELLANEOUS

10.1  Unfunded Plan

      The Plan is intended to be an unfunded plan maintained primarily to
provide deferred compensation benefits for a select group of "management or
highly-compensated employees" within the meaning of Sections 201, 301 and 401 of
the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and
therefore is exempt from the provisions of Parts 2, 3 and 4 of Title I of ERISA.
Accordingly, the Plan shall terminate and no further benefits shall accrue
hereunder in the event it is determined by a court of competent jurisdiction or
by an opinion of counsel that the Plan constitutes an employee pension benefit
plan within the meaning of Section 3(2) of ERISA which is not so exempt. In the
event of such termination, all ongoing Deferral Commitments shall terminate, no
additional Deferral Commitments will be accepted by the Committee, and the
amount of each Participant's vested Account balance shall be distributed to such
Participant at such time and in such manner as the Committee, in its sole
discretion, determines.

10.2  Unsecured General Creditor

      In the event of Employer's insolvency, 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 Employer, nor shall
they be Beneficiaries of, or have any rights, claims or interests in any life
insurance policies, annuity contracts or the proceeds therefrom owned or which
may be acquired by the Employer. In that event, any and all of the Employer's
assets and policies shall be, and remain, the general, unpledged, unrestricted
assets of the Employer. The Employer's obligation under the Plan shall be that
of an unfunded and unsecured promise of the Employer to pay money in the future.

10.3  Trust Fund

      The Employer shall be responsible for the payment of all benefits provided
under the Plan. At its discretion, the Employer may establish one or more
trusts, with such trustees as the Board may approve, for the purpose of
providing for the payment of such benefits. Such trust or trusts may be
irrevocable, but the assets thereof shall be subject to the claims of the
Employer's creditors. To the extent any benefits provided under the Plan are
actually paid from any such trust, the Employer shall have no further

PAGE 14 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

obligation with respect thereto, but to the extent not so paid, such benefits
shall remain the obligation of, and shall be paid by, the Employer.

10.4  Nonassignability

      Neither a Participant nor any other person shall have any right to
commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise
encumber, transfer, hypothecate or convey in advance of actual receipt the
amounts, if any, payable hereunder, or any part thereof, which are, and all
rights to which are, expressly declared to be unassignable and nontransferable.
No part of the amounts payable shall, prior to actual payment, be subject to
seizure or sequestration for the payment of any debts, judgments, alimony or
separate maintenance owed by a Participant or any other person, nor be
transferable by operation of law in the event of a Participant's or any other
person's bankruptcy or insolvency.

10.5  Not a Contract of Employment

      The terms and conditions of the Plan shall not be deemed to constitute a
contract of employment between the Employer and the Participant, and the
Participant (or his or her Beneficiary) shall have no rights against the
Employer except as may otherwise be specifically provided herein. Moreover,
nothing in the Plan shall be deemed to give a Participant the right to be
retained in the service of the Employer or to interfere with the right of the
Employer to discipline or discharge the Participant at any time.

10.6  Protective Provisions

      A Participant will cooperate with the Employer by furnishing any and all
information requested by the Employer, in order to facilitate the payment of
benefits hereunder, and by taking such physical examinations as the Employer may
deem necessary and taking such other action as may be requested by the Employer.

10.7  Terms

      Whenever any words are used herein in the masculine, they shall be
construed as though they were used in the feminine in all cases where they would
so apply; and wherever any words are used herein in the singular or in the
plural, they shall be construed as though they were used in the plural or the
singular, as the case may be, in all cases where they would so apply.

10.8  Captions

      The captions of the articles, sections and paragraphs of the Plan are for
convenience only and shall not control or affect the meaning or construction of
any of its provisions.

10.9  Governing Law; Arbitration

      The provisions of the Plan shall be construed and interpreted according to
the laws of the State of Oregon. Any dispute or claim that arises out of or that
relates to the

PAGE 15 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000
<PAGE>

Plan or to the interpretation, breach, or enforcement of the Plan, must be
resolved by mandatory arbitration in accordance with the then effective
arbitration rules of Arbitration Service of Portland, Inc., and any judgment
upon the award rendered pursuant to such arbitration may be entered in any court
having jurisdiction thereof.

10.10 Validity

      In case any provision of the Plan shall be held illegal or invalid for any
reason, said illegality or invalidity shall not affect the remaining parts
hereof, but the Plan shall be construed and enforced as if such illegal and
invalid provision had never been inserted herein.

10.11 Notice

      Any notice or filing required or permitted to be given to the Committee
under the Plan shall be sufficient if in writing and hand delivered, or sent by
registered or certified mail, to any member of the Committee or the Secretary of
the Employer. Such notice shall be deemed given as of the date of delivery or,
if delivery is made by mail, as of the date shown on the postmark on the receipt
for registration or certification.

10.12 Successors

      The provisions of the Plan shall bind and inure to the benefit of the
Employer and its successors and assigns. The term successors as used herein
shall include any corporate or other business entity which shall, whether by
merger, consolidation, purchase or otherwise acquire all or substantially all of
the business and assets of the Employer, and successors of any such corporation
or other business entity.

                                         LOUISIANA-PACIFIC CORPORATION

                                          By: /s/ Michael J. Tull
                                             ------------------------------
                                             Vice President, Human Resources

                                          By: /s/ Anton C. Kirchhof
                                             ------------------------------
                                             Secretary

                                          Dated: March 1, 2000

PAGE 16 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED & RESTATED 1-1-2000<PAGE>

                                                                 Exhibit 10.15

                          LOUISIANA-PACIFIC CORPORATION

                             EXECUTIVE LOAN PROGRAM

1.    Purpose. To provide loans to company executives for the purchase by them
      of shares of company stock from the company. Such purchases shall be of
      shares of treasury stock held by the company.

2.    Covered Executives. (a) The CEO, all Vice Presidents and all other
      employees who are "executive officers" of the company under Section 16 of
      the Securities Exchange Act of 1934, (b) Business Team Leaders and (c)
      other executives as designated by the CEO.

3.    Loan Amount. Equal to the total cost of the shares of company stock
      purchased in one transaction by the executive from the company during the
      60-day period following the effective date of the Loan Program. The loan
      shall be made upon written notification to the company by the executive of
      the number of shares he or she desires to purchase. Such shares shall be
      sold to the executive on the date such notification is received by the
      company at a price equal to the closing price of company stock on the New
      York Stock Exchange (NYSE) on such date or, if there is no trading on the
      NYSE on such date, the next preceding day on which there was such trading,
      and the necessary loan documents for the loan in an amount equal to the
      cost of such shares shall be executed by the parties as of such date.

4.    Maximum Loan Amount. Three (3) times an executive's annual base pay as of
      the effective date of the Loan Program.

5.    Minimum Purchase and Loan. To qualify for the loan, the executive must
      purchase a minimum of 10,000 shares of company stock.

6.    Maximum Total Loans. The lesser of $20 million or 1.7 million shares of
      company stock.

7.    Interest on Loan. The interest rate shall be the lowest prevailing rate
      that will avoid imputed interest under Section 7872 of the Internal
      Revenue Code. Annual accrued interest shall be added to the principal

                                       1
<PAGE>

8.    amount each year and shall be paid when the principal amount becomes due.

9.    Term of Loan. Five years following the expiration of the 60-day period
      referred to in paragraph 3 above, unless earlier terminated as provided
      below.

10.   Security. Loans shall be unsecured.

11.   Termination of Employment. The outstanding amount of principal and accrued
      interest under the loan shall be paid within 30 days following an
      executive's resignation or involuntary termination of employment.

12.   Loan Forgiveness. If the executive remains employed at the end of the
      five-year term of the loan or terminates employment prior to such date by
      reason of disability or death, 50 percent of the outstanding amount of
      principal and accrued interest as of that date shall be forgiven if,
      during the 12-month period immediately preceding such date the company
      stock has traded on the NYSE at a price at or above $23.00 per share (as
      adjusted for stock dividends or splits or recapitalizations subsequent to
      the effective date of the date of the Loan Program) for at least five
      consecutive trading days. Notwithstanding the foregoing, no amount of the
      loan shall be forgiven if, on a forgiveness date, the executive no longer
      owns, directly or beneficially, all of the shares of company stock
      originally purchased under the Loan Program.

13.   Loan Forgiveness - Income Taxes. In the event of loan forgiveness under
      Paragraph 11 above, the executive shall be required to make arrangements
      satisfactory to the company for payment of all withholding and payroll
      taxes due in connection with such forgiveness. At the option of the
      executive, or at the option of the company if no other arrangement for tax
      payment by the executive is made, income and other taxes that become
      payable by the executive with respect to such loan forgiveness and which
      are required to be withheld and paid over by the company may be satisfied
      by the transfer by the executive to the company of shares of company stock
      purchased under the Loan Program equal in fair market value to the amount
      of the tax obligation.

14.   Dividends. Dividends paid on company stock that is subject to a loan under
      the Loan Program shall be paid to the executive. Shares issued as a result
      of a stock dividend or split or recapitalization shall be issued

                                       2
<PAGE>

      in the name of the executive and held pursuant to the custody agreement
      referred to in Paragraph 15 below.

15.   Loan Documents. As a condition of receiving the loan, the executive shall
      execute a promissory note and such other agreements as may be required by
      the company including, subject to applicable law, a custody agreement with
      respect to the stock purchased under the Loan Program and agreement
      authorizing the company to deduct any loan amount due and payable from any
      amounts owed by the company to the executive as compensation or otherwise.

16.   Securities Laws. Purchases and sales of company stock pursuant to the Loan
      Program shall comply in all respects to federal and state securities laws
      and L-P's policies on insider trading.

17.   Effective Date. This Loan Program shall be effective November 24, 1999.

                                       3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00003-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00003-of-00352.parquet"}]]