Document:

Weyerhaeuser Company Executive Severance Agreement (Tier 1)

 Exhibit 10.2 
 Severance Tier I US 
 Form of Weyerhaeuser Company 

Executive Severance Agreement 
 The following executive officers are covered by the Weyerhaeuser Company Executive Severance Agreement: 
 Daniel S. Fulton 
 Patricia M. Bedient 

Lawrence B. Burrows 
 Srinivasan Chandrasekaran 
 Miles P. Drake 

Thomas F. Gideon 

John A. Hooper 

Sandy D. McDade 

Peter M. Orser 
 The terms and
conditions of the agreement are the same for all participants except that upon termination the severance benefits paid to the Chief Executive Officer are equal to two times the executive’s base salary and bonus. The severance benefits paid to
the remaining executive officers are equal to one and a half times their base salary and bonus. 

 Severance Tier I US 
 Executive Severance Agreement (Tier I) 
 Weyerhaeuser Company 

January 1, 2011 

 Severance Tier I US 
 Contents 
  
  

 

							
	Article 1.	  	Term of This Agreement	  	 	1	  
			
	Article 2.	  	Definitions	  	 	1	  
			
	Article 3.	  	Participation and Continuing Eligibility under this Agreement	  	 	3	  
			
	Article 4.	  	Severance Benefits	  	 	3	  
			
	Article 5.	  	Form and Timing of Severance Benefits	  	 	5	  
			
	Article 6.	  	The Company’s Payment Obligation	  	 	5	  
			
	Article 7.	  	Dispute Resolution	  	 	6	  
			
	Article 8.	  	Outplacement Assistance	  	 	6	  
			
	Article 9.	  	Successors and Assignment	  	 	7	  
			
	Article 10.	  	Section 409A	  	 	7	  
			
	Article 11.	  	Miscellaneous	  	 	7	  

  
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 Weyerhaeuser Company 
                                  
                (Executive) 
 Severance Agreement (Tier I)

 THIS EXECUTIVE SEVERANCE AGREEMENT (Tier I) is made and entered into by and between Weyerhaeuser Company (hereinafter
referred to as the “Company”) and                                 
(hereinafter referred to as the “Executive”). 
 WHEREAS, the Board of Directors of the Company has approved the
Company entering into severance agreements with certain key executives of the Company; 
 WHEREAS, the Executive is a key
executive of the Company; 
 NOW THEREFORE, for good and valuable consideration, the Company and the Executive agree as follows:

 Article 1. Term of This Agreement 
 Subject to the provisions of Article 10, this Agreement will commence on the Effective Date and shall continue in effect for three (3) full calendar years. However, at any time prior to the end of
such three-year (3) period and, at any time prior to the end of any extended term, the Committee may, in its discretion, extend the term of this Agreement for any period of time up to three (3) additional years. Notwithstanding the
foregoing, this Agreement is subject to annual review and may be amended or otherwise modified by the Committee in its sole discretion subsequent to such annual review prior to the Effective Date of Termination. 

Article 2. Definitions 

Whenever used in this Agreement, the following terms shall have the meanings set forth below and, when the meaning is intended, the
initial letter of the word is capitalized: 
  

	 	(a)	“Agreement” means this Executive Severance Agreement (Tier I). 

 

	 	(b)	“Base Salary” means the salary of record paid to the Executive as annual salary, excluding amounts received under incentive or other bonus plans,
whether or not deferred. 

  

	 	(c)	“Beneficiary” means the persons or entities designated or deemed designated by an Executive pursuant to Section 11.2. 

 

	 	(d)	“Board” means the Board of Directors of the Company. 

  

	 	(e)	“Cause” means the Executive’s: 

  

	 	(i)	Willful and continued failure to perform substantially the Executive’s duties with the Company after the Company delivers to the Executive written demand for
substantial performance specifically identifying the manner in which Executive has not substantially performed the Executive’s duties; 

  
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	 	(ii)	Conviction of a felony; or 

  

	 	(iii)	Willfully engaging in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Company. 

For purposes of this Section 2(e), no act or omission by the Executive shall be considered “willful” unless it is done or
omitted in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act or failure to act based upon (A) authority given pursuant to a resolution duly adopted by the Board
or (B) advice of counsel for the Company shall be conclusively presumed to be done or omitted to be done by the Executive in good faith and in the best interests of the Company. For purposes of subsections (i)-(iii) above, the Executive
shall not be deemed to be terminated for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters (3/4) of the entire membership of the
Board at a meeting called and held for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with counsel, to be heard before the Board) finding that in the good faith opinion of the
Board, the Executive is guilty of the conduct described in subsection (i) or (iii) above and specifying the particulars thereof in detail. 
  

	 	(f)	“CIC” of the Company shall have the definition set forth in the CIC Agreement. 

 

	 	(g)	“CIC Agreement” means the Executive Change in Control Agreement between the Company and the Executive, as such agreement may be amended, supplemented
or otherwise modified from time to time, or, if such agreement is no longer in effect, any successor agreement thereto. 

  

	 	(h)	“Code” means the United States Internal Revenue Code of 1986, as amended. 

 

	 	(i)	“Committee” means the Compensation Committee of the Board, or any other committee appointed by the Board to perform the functions of the Compensation
Committee. 

  

	 	(j)	“Company” means Weyerhaeuser Company, a Washington corporation (including any and all subsidiaries), or any successor thereto as provided in
Article 9. 

  

	 	(k)	“Disability” shall have the meaning ascribed to it in the Company’s Retirement Plan for Salaried Employees, or in any successor to such plan.

  

	 	(l)	“Effective Date” means the date this Agreement is executed on behalf of the Company, or such other date as the Board shall designate.

  

	 	(m)	“Effective Date of Termination” means the date on which a Qualifying Termination occurs that triggers the payment of Severance Benefits hereunder.

  

	 	(n)	“Executive” means a key executive of the Company who has been presented with and signed this Agreement. 

 

	 	(o)	“Non-Competition and Release Agreement” is an agreement, in substantially the form attached hereto in Annex A, executed by and between the Executive
and the Company as a condition to the Executive’s receipt of Severance Benefits. 

  
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	 	(p)	“Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof,
including a “group” as defined in Section 13(d). 

  

	 	(q)	“Qualifying Termination” means any of the events described in Section 4.2, the occurrence of which triggers the payment of Severance Benefits
under Section 4.3. 

  

	 	(r)	“Retirement” shall mean early or normal retirement under the Company’s Retirement Plan for Salaried Employees. 

 

	 	(s)	“Severance Benefits” means Severance Benefits described in Section 4.3. 

 Article 3. Participation and Continuing Eligibility under this Agreement 

3.1 Participation. Subject to Section 3.2, as well as the remaining terms of this Agreement, the Executive shall remain
eligible to receive benefits hereunder during the term of this Agreement. 
 3.2 Removal From Coverage. In the event the
Executive’s job classification is reduced below the minimum level required for eligibility to continue to be covered by severance protection as determined at the sole discretion of the Committee, the Committee may remove the Executive from
coverage under this Agreement. Such removal shall be effective three (3) months after the date the Company notifies the Executive of such removal. 
 Article 4. Severance Benefits 
 4.1 Right to Severance Benefits.

  

	 	(a)	Subject to Section 4.1(b), the Executive shall be entitled to receive from the Company Severance Benefits, if the Executive’s employment with the Company
shall end for any reason specified in Section 4.2, and the Executive is not (i) reemployed by the Company or any subsidiary or affiliate of the Company whether in a salaried, hourly, temporary or full-time capacity, or (ii) retained
as a consultant or contractor by the Company or any subsidiary or affiliate of the Company, or (iii) retained as a consultant or contractor by an entity acquiring assets from the Company, unless the participation by the Executive has the prior
written approval of the Company’s Senior Vice President of Human Resources. 

  

	 	(b)	If the Executive’s employment with the Company is terminated as a result of the acquisition (either through the sale of assets or the sale of stock) or the
outsourcing of the services previously provided internally by Company employees of the unit in which the Executive was employed, and the Executive is employed by the acquiring entity, the Executive is not eligible to receive Severance Benefits
hereunder. 

 The Executive is not eligible to receive both severance benefits under the CIC Agreement and
Severance Benefits hereunder. Accordingly, if the Executive receives severance benefits under the CIC Agreement, he shall not receive Severance Benefits hereunder. However, if the Executive suffers a Qualifying Termination, and if the Company has
undergone a CIC such that the Executive’s Effective Date of Termination falls within the window period described in Section 4.2 of the CIC Agreement, the Executive’s total Severance Benefits shall equal the amounts described as
severance benefits under the CIC Agreement (potentially requiring additional payments to the extent the amounts already paid as Severance Benefits hereunder do not equal the amounts payable as severance benefits under the CIC Agreement). 

  
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 4.2 Qualifying Termination. An involuntary termination of the Executive’s
employment by the Company, authorized by the Company’s Senior Vice President of Human Resources, for reasons other than Cause, mandatory Retirement under the Company’s applicable policies, or the Executive’s death, Disability, or
voluntary termination of employment (whether by Retirement or otherwise) at any time other than within twenty-four (24) full calendar months following the effective date of a CIC shall trigger the payment of Severance Benefits to the Executive
under this Agreement. 
 4.3 Description of Severance Benefits. Subject to the conditions of Section 4.6, in the
event that the Executive becomes entitled to receive Severance Benefits, as provided in Sections 4.1 and 4.2, the Company shall pay to the Executive and provide him with the following: 

 

	 	(a)	An amount equal to one and one-half (1-1/2) times the highest rate of the Executive’s annualized Base Salary rate in effect at any time up to and including
the Effective Date of Termination. 

  

	 	(b)	An amount equal to one and one-half (1-1/2) the Executive’s target annual bonus established for the bonus plan year in which the Executive’s Effective
Date of Termination occurs. 

  

	 	(c)	An amount equal to the Executive’s unpaid Base Salary and accrued vacation pay through the last day the Executive worked. 

 

	 	(d)	An amount equal to the Executive’s unpaid actual annual bonus, paid for the plan year in which the Executive’s Effective Date of Termination occurs,
multiplied by a fraction, the numerator of which is the number of days completed in then-existing fiscal year through the Effective Date of Termination and the denominator of which is three hundred sixty-five (365). Any payments hereunder are in
lieu of bonuses otherwise payable under the Company’s applicable annual incentive plans. 

  

	 	(e)	A lump sum payment of ten thousand dollars ($10,000) (net of required payroll and income tax withholding) in order to assist the Executive in paying for replacement
health and welfare coverage for a reasonable period following the Executive’s Effective Date of Termination. 

4.4 Termination for Cause or by the Executive. If the Executive’s employment is terminated either (i) by the Company for
Cause or (ii) by the Executive, the Company shall pay the Executive his full Base Salary and accrued vacation through the last day worked, at the rate then in effect, plus all other amounts to which the Executive is entitled under any
compensation plans of the Company, at the time such payments are due, and the Company shall have no further obligations to the Executive under this Agreement. 

  
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 4.5 Notice of Termination. Any termination by the Company under this Article 4
shall be communicated by a Notice of Termination, which shall be delivered to the Executive no later than the Effective Date of Termination, unless the Executive is terminated for Cause, in which case no Notice of Termination is required. For
purposes of this Agreement, a “Notice of Termination” shall mean a written notice that shall indicate the specific termination provision in this Agreement relied upon, and shall set forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive’s employment under the provision so indicated. 
 4.6
Delivery of Non-Competition and Release Agreement. The payment of Severance Benefits is conditioned on the Executive’s timely execution of the Non-Competition and Release Agreement. The Company will deliver the Non-Competition and Release
Agreement when it provides a Notice of Termination to the Executive. The Non-Competition and Release Agreement shall be deemed effective upon the expiration of the required waiting periods under any applicable state and/or federal laws, as more
specifically described therein. 
 To support the enforcement of the Non-Competition and Release Agreement, the parties agree
that the minimum value of the Non-Competition and Release Agreement at the time this Agreement was entered into was at least 1.5 times the Executive’s Base Salary which has been built into the severance formula contained in Section 4.3.

 4.7 Removal From Representative Boards. In the event the terminating the Executive occupies any board of directors
seats solely as a Company representative, as a condition to receiving the severance set forth in Section 4.3, the Executive shall immediately resign such position upon his termination of employment with the Company and in any event by the
deadline for returning the Non-Competition and Release Agreement described in Section 4.6, unless specifically requested in writing by the Company otherwise. 
 Article 5. Form and Timing of Severance Benefits 
 5.1 Form and Timing of
Severance Benefits. The Severance Benefits described in Sections 4.3(a), (b), (c) and (e) shall be paid in cash to the Executive in a single lump sum, subject to the Non-Competition and Release Agreement described in
Section 4.6, as soon as practicable following the Effective Date of Termination, but in no event beyond thirty (30) days from the later of the Effective Date of Termination and the successful expiration of the waiting periods described in
Section 4.6 and in no event later than the payment deadline for short-term deferrals under Treas. Reg. § 1.409A-1(b)(4) (or any successor provision). The Severance Benefit described in Section 4.3(d) shall be paid in cash to the
Executive in a single lump sum, subject to the Non-Competition and Release Agreement described in Section 4.6, as soon as practicable following the end of the year in which the Executive’s Effective Date of Termination occurs and in no
event later than the payment deadline for short-term deferrals under Treas. Reg. § 1.409A-1(b)(4) (or any successor provision), subject to any deferral election by the Executive under an available deferred compensation plan that is applicable
to such amount. 
 5.2 Withholding of Taxes. The Company shall be entitled to withhold from any amounts payable under
this Agreement all taxes as legally shall be required (including, without limitation, any United States federal taxes and any other state, city, or local taxes). 
 Article 6. The Company’s Payment Obligation 
 6.1 Payment
Obligations Absolute. Except as provided in this Article 6 and in Article 7, the Company’s obligation to make the payments and the arrangements provided for herein shall be absolute and unconditional, and shall not be affected by any
circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right that the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall be paid without notice or
demand. Except as provided in Section [5.1] [4.1?], this Article 6 and in Article 7, each and every payment made hereunder by the Company shall be final, and the Company shall not seek to recover all or any part of such payment from the Executive or
from whosoever may be entitled thereto, for any reasons whatsoever. 

  
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 6.2 Contractual Rights to Benefits. Subject to Sections 3.2 and 6.3, this
Agreement establishes and vests in the Executive a contractual right to the benefits to which he may become entitled hereunder. However, nothing herein contained shall require or be deemed to require, or prohibit or be deemed to prohibit, the
Company to segregate, earmark, or otherwise set aside any funds or other assets, in trust or otherwise, to provide for any payments to be made or required hereunder. 
 6.3 Forfeiture of Severance Benefits and Other Payments. Notwithstanding any other provision of this Agreement to the contrary, if it is determined by the Company that the Executive has violated
any of the restrictive covenants contained in the Executive’s Non-Competition and Release Agreement, the Executive shall be required to repay to the Company an amount equal to the economic value of all Severance Benefits and other payments
already provided to the Executive under this Agreement and the Executive shall forever forfeit the Executive’s rights to any unpaid Severance Benefits and other payments hereunder. Additional forfeiture provisions may apply pursuant to other
agreements and policies between the Executive and the Company, and any such forfeiture provisions shall remain in full force and effect. 

Article 7. Dispute Resolution 
 7.1 Claims Procedure. The Executive may file a written claim with the Company’s Senior Vice President of Human Resources, who shall consider such claim and notify the Executive in writing of
his decision with respect thereto within ninety (90) days (or within such longer period not to exceed one hundred eighty (180) days, as the Senior Vice President of Human Resources determines is necessary to review the claim, provided that
the Senior Vice President of Human Resources notifies the Executive in writing of the extension within the original ninety (90) day period). If the claim is denied, in whole or in part, the Executive may appeal such denial to the Committee,
provided the Executive does so in writing within sixty (60) days of receiving the determination by the Senior Vice President of Human Resources. The Committee shall consider the appeal and notify the Executive in writing of its decision with
respect thereto within sixty (60) days (or within such longer period not to exceed one hundred twenty (120) days as the Committee determines is necessary to review the appeal, provided that the Committee notifies the Executive in writing
of the extension within the original sixty (60) day period). 
 7.2 Finality of Determination. The determination of
the Committee with respect to any question arising out of or in connection with the administration, interpretation, and application of this Agreement shall be final, binding, and conclusive on all persons and shall be given the greatest deference
permitted by law. 
 Article 8. Outplacement Assistance 
 Following a Qualifying Termination (as described in Section 4.2), the Executive shall be reimbursed by the Company for the costs of all outplacement services obtained by the Executive within the two
(2) year period after the Effective Date of Termination; provided, however, that the total reimbursement shall be limited to twenty thousand dollars ($20,000) and shall be completed by the end of the calendar year in which such two
(2) year period expires. 

  
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 Article 9. Successors and Assignment 

9.1 Successors to the Company. This Agreement shall be binding on the successors of the Company. 

9.2 Assignment by the Executive. This Agreement shall inure to the benefit of and be enforceable by each the Executive’s
personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive dies while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless
otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s Beneficiary. If the Executive has not named a Beneficiary, then such amounts shall be paid to the Executive’s devisee, legatee, or
other designee, or if there is no such designee, to the Executive’s estate. 
 Article 10. Section 409A 

All Severance Benefits and reimbursements payable under this Agreement are intended to comply with the “short term deferral”
exception specified in Treas. Reg. § 1.409A-1(b)(4) (or any successor provision), or otherwise be excepted from coverage under Section 409A of the Code (“Section 409A”). Notwithstanding the foregoing sentence, to the extent an
exception is not available and the Executive must be treated as a “specified employee” within the meaning of Section 409A, any such amounts payable in cash and due to the Executive on or within the six (6) month period following
the Executive’s separation from service (as defined for purposes of Section 409A) will accrue during such six (6) month period and will become payable in a lump sum payment on the date six (6) months and one (1) day
following the date of the Executive’s separation from service; provided, however, that such payments will be paid earlier, at the times and on the terms set forth in the applicable provisions of this Agreement, if the Company reasonably
determines that the imposition of additional tax under Section 409A will not apply to an earlier payment of such payments. In addition, this Agreement will be interpreted, operated, and administered by the Company to the extent deemed
reasonably necessary to avoid imposition of any additional tax or income recognition prior to actual payment to the Executive under Section 409A, including any temporary or final treasury regulations and guidance promulgated thereunder.

 Article 11. Miscellaneous 
 11.1 Employment Status. Except as may be provided under any other agreement between the Executive and the Company, the employment of the Executive by the Company is “at will,” and may be
terminated by either the Executive or the Company at any time, subject to applicable law. 
 11.2 Beneficiaries. The
Executive may designate one or more persons or entities as the primary and/or contingent Beneficiaries of any Severance Benefits owing to the Executive under this Agreement. Such designation must be in the form of a signed writing acceptable to the
Committee and pursuant to such other procedures as the Committee may decide. If no such designation is on file with the Company at the time of the Executive’s death, or if no designated Beneficiaries survive the Executive for more than fourteen
(14) days, any Severance Benefits owing to the Executive under this Agreement shall be paid to the Executive’s estate. 

  
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 11.3 Gender and Number. Except where otherwise indicated by the context, any
masculine term used herein also shall include the feminine, the plural shall include the singular, and the singular shall include the plural. 
 11.4 Severability. In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Agreement,
and this Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. Further, the captions of this Agreement are not part of the provisions hereof and shall have no force and effect. 

11.5 Modification. Except as provided in Article 1 and Section 3.2, no provision of this Agreement may be modified, waived,
or discharged following the Effective Date of Termination unless such modification, waiver, or discharge is agreed to in writing and signed by the Executive and by an authorized member of the Committee, or by the respective parties’ legal
representatives and successors. 
 11.6 Effect of Agreement. This Agreement shall completely supersede and replace any
and all portions of any contracts, plans, provisions, or practices pertaining to severance entitlements owing to the Executive from the Company other than the CIC Agreement, and is in lieu of any notice requirement, policy, or practice. Without
limiting the generality of the preceding sentence, the Executive’s potential rights to severance pay, benefits, and notice under the Weyerhaeuser Company the Executive Severance Agreement (Tier I) dated January 1, 2010 (the “2010
Agreement”) shall be completely replaced and superseded by this Agreement and the 2010 Agreement shall be of no further force and effect. As such, the Severance Benefits described herein shall serve as the Executive’s sole recourse with
respect to termination of employment by the Company other than a termination that entitles the Executive to severance benefits under the terms of the CIC Agreement. In addition, Severance Benefits shall not be counted as “compensation,” or
any equivalent term, for purposes of determining benefits under other agreements, plans, provisions, or practices owing to the Executive from the Company, except to the extent expressly provided therein. Except as otherwise specifically provided for
in this Agreement, the Executive’s rights under all such agreements, plans, provisions, and practices continue to be subject to the respective terms and conditions thereof. 

11.7 Applicable Law. To the extent not preempted by the laws of the United States, the laws of the state of Washington shall be
the controlling law in all matters relating to this Agreement. 
 IN WITNESS WHEREOF, the parties have executed this Agreement
on the dates appearing below. 
  

									
	Weyerhaeuser Company	 		 	Executive
					
	By:	 	  
	 		 	By:	 	  

					
	Its:	 	  
	 		 	Name:	 	  

					
	Date:	 	  
	 		 	Date:	 	  

  
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 ANNEX A 
 NON-COMPETITION AND RELEASE AGREEMENT 
 FOR THE EXECUTIVE SEVERANCE
AGREEMENT (TIER I) 
  

	1.	Parties. 

 The
parties to this Non-Competition and Release Agreement are NAME (“the Executive”), and WEYERHAEUSER COMPANY, a Washington corporation, and all successors thereto (“Company”). 

 

	2.	Date. 

 The date of
this Non-Competition and Release Agreement (this “Release Agreement”) is MONTH DAY, YEAR (DATE DELIVERED TO EXECUTIVE) (the “Date of this Agreement”). 

 

	3.	Recitals. 

Executive’s employment with Company is ending. Executive is a participant in the Weyerhaeuser Company Executive Severance Agreement
(Tier I) (“Severance Agreement”) and is eligible for Severance Benefits under the Severance Agreement on condition Executive executes a non-competition and release agreement. This Release Agreement sets forth the terms of Executive’s
severance from Company. 
  

	4.	Defined Terms. 

When defined terms from the Severance Agreement are used herein, they shall have the same definitions as provided in Article 2 of the
Severance Agreement. 
  

	5.	Termination of Employment. 

 Effective MONTH DAY, YEAR, Executive’s employment with Company shall terminate (“Termination Date”). Executive shall resign all positions with Company, whether as an officer, employee, or
agent, in each case effective on the Termination Date. 
  

	6.	Payments. 

 Upon
expiration of the Revocation Period, defined below, without exercise of the right to revoke, Executive shall receive or be entitled to receive the Severance Benefits and other payments to the extent set forth in the Severance Agreement, including,
but not limited to, the forfeiture provisions of Section 6.3 thereof. 

  
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	7.	Release. 

Executive hereby releases Company, and all successors, subsidiaries, and affiliates of Company, and all officers, directors, employees,
agents, and shareholders of Company, and each of them, from any and all claims, liability, demands, rights, damages, costs, attorneys’ fees, and expenses of whatever nature that exist as of the date of execution of this Release Agreement,
whether known or unknown, foreseen or unforeseen, asserted or unasserted, including, but not limited to, all claims arising out of Executive’s employment and/or Executive’s termination from employment, and including all claims arising out
of applicable state and federal laws, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act of 1974, state and federal Family Leave Acts,
and any other applicable tort, contract, or other common law theories; provided, however, that this release shall not extend to any compensatory payments or other benefits due to Executive following the expiration of the Revocation Period pursuant
to the terms and conditions of any applicable benefit plans, programs and agreements maintained by Company for the benefit of Executive or to which Company and Executive are parties. 

 

	8.	Confidentiality Agreement. 

 8.1 Company’s Confidential Information. During the course of performing Executive’s duties as a Company employee, Executive was exposed to and acquired Company’s Confidential
Information. As used herein, “Confidential Information” refers to any and all information of a confidential, proprietary, or trade secret nature that is maintained in confidence by Company for the protection of its business. Confidential
Information includes, but is not limited to, Company’s information about or related to (i) any current or planned products, (ii) research and development or investigations related to prospective products, (iii) proprietary
software and systems, (iv) suppliers or customers, (v) cost information, profits, sales information, and accounting and unpublished financial information, (vi) business and marketing plans and methods, and (vii) any other
information not generally known to the public that, if misused or disclosed to a competitor, could reasonably be expected to adversely affect the Company. 
 8.2 Nondisclosure of Confidential Information. Executive acknowledges that the Confidential Information is a special, valuable, and unique asset of Company. Executive agrees to keep in confidence
and trust all Confidential Information for so long as such information (i) is not generally known to the public or to persons outside Company who could obtain economic value from its use and (ii) is subject to efforts by Company that
are reasonable under the circumstances to maintain its secrecy. Executive agrees that Executive will not directly or indirectly use the Confidential Information for the benefit of Executive or any other person or entity. 

 

	9.	Nonsolicitation. 

9.1 Nonsolicitation of Employees. Executive agrees that for a period of two (2) years following the Termination Date,
Executive shall not directly or indirectly solicit or attempt to induce any employee of Company, any successor corporation, or a subsidiary of Company to work for Executive or any competing company or competing business organization. 

9.2 Nonsolicitation of Customers and Vendors. Executive agrees that for a period of two (2) years following the Termination
Date, Executive shall not directly or indirectly solicit or attempt to induce any customer, vendor, or supplier of Company to end its relationship with Company and/or conduct business with Executive or any entity in which Executive has a financial
interest. 

  
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	10.	Non-competition. 

Executive agrees that for a period of one (1) year following the Termination Date, Executive shall not directly or indirectly,
whether as an employee, officer, director, shareholder, agent, or consultant, engage or participate in any business that competes with Company, provided that nothing in this Section 10 shall preclude Executive from (i) performing any
services on behalf of an investment banking, commercial banking, auditing, or consulting firm or (ii) investing five percent (5%) or less in the common stock of any publicly traded company, provided such investment does not give Executive
the right or ability to control or influence the policy decisions of any competing business. 
  

	11.	Review and Rescission Rights. 

 Executive has forty-five (45) days from the Date of this Agreement (the “Review Period”) within which to decide whether to sign this Release Agreement. If Executive signs this Release
Agreement, Executive may revoke this Release Agreement if, within seven (7) days after signing (the “Revocation Period”), Executive delivers notice in writing to an Executive Compensation Manager of Company. 

This Release Agreement will not become effective, and the Severance Benefits dependent on the execution of this Release Agreement will
not become payable, until this Release Agreement is signed, the Revocation Period expires, and Executive has not exercised the right to revoke this Release Agreement. 
 Executive may sign this Release Agreement prior to the end of the forty-five (45) day Review Period, thereby commencing the seven (7) day Revocation Period. Whether Executive decides to sign
before the end of the Review Period is entirely up to Executive. 
 Executive will receive the same severance payments
regardless of when Executive signs this Release Agreement, as long as Executive signs prior to the end of the Review Period and does not revoke this Release Agreement. 
 Executive acknowledges that Executive’s release of rights is in exchange for Severance Benefits to which Executive otherwise legally would not be entitled. 

 

	12.	Advice of Counsel. 

Executive acknowledges that Executive has been advised to consult with an attorney before signing this Release Agreement. 

 

	13.	Disputes. 

 Any
dispute or claim that arises out of or relates to this Release Agreement shall be resolved in accordance with the provisions of Article 7 of the Severance Agreement. Notwithstanding the provisions of this Section 13, any claim by Company for
injunctive relief under the provisions of Section 8, 9, or 10 herein, or any subparts thereof, shall not be subject to the terms of this Section 13. 

  
 A-3

 Severance Tier I US 

 

	14.	Governing Law. 

 To
the extent not preempted by the laws of the United States, Washington law governs this Release Agreement, notwithstanding its choice of law rules. 
  

	15.	Entire Agreement. 

All of the parties’ agreements, covenants, representations, and warranties, express or implied, oral or written, concerning the
subject matter of this Release Agreement are contained in this Release Agreement. All prior and contemporaneous conversations, negotiations, agreements, representations, covenants, and warranties concerning the subject matter of this Release
Agreement are merged into this Release Agreement. This is an integrated agreement. 
  

	16.	Miscellaneous. 

The benefits and obligations of this Release Agreement shall inure to the successors and assigns of the parties. The parties acknowledge
that the only consideration for this Release Agreement is the consideration expressly described herein, that each party fully understands the meaning and intent of this Release Agreement, that this Release Agreement has been executed voluntarily,
and that the terms of this Release Agreement are contractual. 
  

	17.	Severability. 

Executive agrees that each provision in this Release Agreement will be treated as a separate and independent clause, and the
enforceability of any one clause will in no way impair the enforceability of any of the other clauses in this Release Agreement. Moreover, if one or more of the provisions contained in this Release Agreement, whether for the benefit of Executive or
Company, are for any reason held to be excessively broad as to scope, activity, or subject so as to be unenforceable at law, such provision or provisions will be construed by limiting and reducing it or them, so as to be enforceable to the maximum
extent compatible with the applicable law as it then appears. 
  

	18.	Section and Paragraph Titles. 

 Section and paragraph titles in this Release Agreement are used for convenience only and are not intended to and shall not in any way enlarge, define, limit, or extend the rights or obligations of the
parties or affect the interpretation of this Release Agreement. 
  

							
	WEYERHAEUSER COMPANY	 		 	
				
	By:	 	  
	 		 	Date:                     
				
	Title:	 	  
	 		 	
			
	[NAME OF EXECUTIVE]	 		 	
			
	  
	 		 	Date:                     

  
 A-4Weyerhaeuser Company Deferred Compensation Plan

 Exhibit 10.3 
 Form of Weyerhaeuser Company 
 2011 Deferred Compensation Plan

 The following executive officers are covered by the Weyerhaeuser Company 2011 Deferred Compensation Plan: 

Daniel S. Fulton 
 Patricia M. Bedient 
 Lawrence B. Burrows 

Srinivasan Chandrasekaran 
 Miles P. Drake 
 Thomas F. Gideon 

John A. Hooper 

Sandy D. McDade 

Peter M. Orser 

 WEYERHAEUSER COMPANY 

2011 DEFERRED COMPENSATION PLAN 

 TABLE OF CONTENTS 

 

									
	1.	 	Purpose	  	 	1	  
			
	2.	 	Effective Date and Other Bonus Award Plans	  	 	1	  
		 	(a)	  	Effective Date	  	 	1	  
		 	(b)	  	Other Award Plans	  	 	1	  
			
	3.	 	Applicable Law	  	 	2	  
			
	4.	 	Definitions	  	 	2	  
			
	5.	 	Eligibility	  	 	6	  
			
	6.	 	Deferrals	  	 	6	  
		 	(a)	  	Deferral Amounts	  	 	6	  
		 	(b)	  	Election Procedure	  	 	6	  
			
	7.	 	Accounts	  	 	7	  
		 	(a)	  	Base Salary Deferrals	  	 	7	  
		 	(b)	  	Cash Award Deferrals	  	 	8	  
		 	(c)	  	Stock Equivalent Deferrals	  	 	8	  
		 	(d)	  	Mandatory Deferrals	  	 	9	  
			
	8.	 	Payments	  	 	11	  
		 	(a)	  	Base Salary Deferrals and Cash Award Deferrals	  	 	11	  
		 	(b)	  	Stock Equivalent Deferrals	  	 	12	  
		 	(c)	  	Mandatory Deferrals	  	 	14	  
			
	9.	 	General Payment Provisions	  	 	15	  
		 	(a)	  	Cash Payment; Default Payment	  	 	15	  
		 	(b)	  	No Acceleration	  	 	15	  
		 	(c)	  	Unforeseeable Emergency	  	 	15	  
		 	(d)	  	Segregation of Funds	  	 	17	  
		 	(e)	  	Death Benefits	  	 	17	  
		 	(f)	  	Withholding Payment	  	 	18	  
		 	(g)	  	Incompetency	  	 	18	  
			
	10.	 	Administration and Amendment of the Plan	  	 	18	  
		 	(a)	  	Powers of the Administrator	  	 	18	  
		 	(b)	  	Expenses of the Plan	  	 	19	  
		 	(c)	  	Amendment and Termination	  	 	19	  
		 	(d)	  	Participants’ Rights	  	 	19	  
			
	11.	 	Claims Procedure	  	 	20	  
		 	(a)	  	Filing a Claim	  	 	20	  

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-i-	 	

  

									
		 	(b)	  	Claim Review	  	 	20	  
		 	(c)	  	Appealing a Claim Denial	  	 	21	  
		 	(d)	  	Decision on Appeal	  	 	21	  
		 	(e)	  	Filing Suit	  	 	23	  
		 	(f)	  	Claims Involving Applications for Unforeseeable Emergency Distributions	  	 	23	  
		 	(g)	  	Disability Claims	  	 	23	  
			
	12.	 	Miscellaneous	  	 	23	  
		 	(a)	  	Rights Unsecured	  	 	23	  
		 	(b)	  	Construction of Plan	  	 	24	  
		 	(c)	  	Alienation Prohibited	  	 	24	  
		 	(d)	  	Taxes	  	 	25	  
		 	(e)	  	No Guaranty of Tax Consequences	  	 	25	  
		 	(f)	  	Participant’s Cooperation	  	 	25	  
		 	(g)	  	Successors and Assigns	  	 	25	  
		 	(h)	  	Applicable Law and Venue	  	 	26	  
		 	(i)	  	Notice	  	 	26	  
		
	Schedule A - Award Plans	  			

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-ii-	 	

 WEYERHAEUSER COMPANY 

2011 DEFERRED COMPENSATION PLAN 
  

	1.	Purpose. The purpose of this Weyerhaeuser Company 2011 Deferred Compensation Plan (the “Plan”) is to: 

 

	 	(a)	give recognition, in addition to base salaries, to Participants who contribute significantly to the business success of the Company, thereby further ensuring that the
Company will continue to benefit from a strong and able management; 

  

	 	(b)	permit Participants to defer receipt of any part or all of certain base salaries and incentive awards; 

 

	 	(c)	permit and encourage Stock Equivalent Participants to receive deferred Awards in Stock Equivalents, the growth in value of which should reflect better performance by
the Company during the period of deferral; and 

  

	 	(d)	encourage Participants to remain in the service of the Company. 

  

	2.	Effective Date and Other Bonus Award Plans. 

  

	 	(a)	Effective Date. The Plan is effective as of November 1, 2010. The Plan applies to Base Salary and Awards earned in 2011 and subsequent years that are
subject to deferral elections made on or after November 1, 2010 and to Mandatory Deferrals of Awards earned during performance periods beginning in 2011 and subsequent years. 

 

	 	(b)	Other Award Plans. All amounts deferred pursuant to the provisions of other bonus award plans and deferred compensation plans and not the Plan shall be paid in
accordance with the provisions of such other plans. All references to the “Comprehensive Incentive Compensation Plan” in any other benefit plan, program or policy maintained by the Company for active employees on or after January 1,
2007 shall be deemed to refer to the “2011 Deferred Compensation Plan” (or, with respect to periods prior to the Effective Date of this Plan, the “Deferred Compensation Plan”). 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-1-	 	

	3.	Applicable Law. The Company intends that the Plan will constitute, and will be construed and administered as, an unfunded plan of deferred compensation for a
select group of management or highly compensated employees within the meaning of ERISA and the Code. In addition, the Plan is intended to comply with Section 409A and any official guidance issued thereunder. Notwithstanding any other provision
of the Plan, the Plan shall be interpreted, operated and administered in a manner consistent with this intention to the extent the Administrator deems necessary to comply with the requirements of Section 409A and any official guidance issued
thereunder and to avoid the imposition of any penalty thereunder. In addition, notwithstanding anything in Paragraph 10(d) to the contrary, the Plan shall be deemed to be amended, and any deferrals and distributions hereunder shall be deemed to be
modified, to the extent necessary to comply with such requirements of Section 409A. 

  

	4.	Definitions. 

  

	 	(a)	“Administrator” means the President of Weyerhaeuser Company or his or her delegate. 

 

	 	(b)	“Award” means the amount of incentive bonus granted to a Participant for an Award Year as determined under the terms of an Award Plan. For purposes of the
Plan, Award includes Mandatory Deferrals unless expressly stated otherwise herein. 

  

	 	(c)	“Award Plan” means each incentive compensation plan listed in Schedule A hereto. 

 

	 	(d)	“Award Year” means the fiscal or calendar year in which the service is performed for which a Participant earns an Award. For an Award involving a multiyear
performance period, Award Year means the applicable performance period. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-2-	 	

	 	(e)	“Base Salary” means a Participant’s annual rate of pay for the applicable calendar year, excluding all other pay elements (such as bonus payments and
relocation allowances). 

  

	 	(f)	“Base Salary Deferral” means the portion of Base Salary deferred under the Plan, with interest. 

 

	 	(g)	“Cash Award Deferral” means the portion of an Award deferred under the Plan in the form of cash, with interest, excluding Mandatory Deferrals.

  

	 	(h)	“Cause” means, for purposes of the five-year minimum deferral period specified in Paragraph 7(d), any of the following events: (i) willful and continued
failure to perform substantially the Participant’s duties with the Company after the Company delivers to the Participant written demand for substantial performance specifically identifying the manner in which the Participant has not
substantially performed the Participant’s duties; (ii) conviction of a felony; and (iii) willfully engaging in illegal conduct or gross misconduct that is materially and demonstrably injurious to the Company. 

 

	 	(i)	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	(j)	“Committee” means the Compensation Committee of the Board of Directors of Weyerhaeuser Company. 

 

	 	(k)	“Company” means Weyerhaeuser Company and includes, where indicated by the context, each of its majority-owned U.S. subsidiaries and affiliates who participate
in the Plan as of the Effective Date or with the approval of the Administrator. 

  

	 	(l)	“Disability” means a medical condition in which a Participant is either entitled to total and permanent disability benefits under the Social Security Act or
judged to be totally and permanently disabled by the Administrator. 

  

	 	(m)	“Effective Date” has the meaning set forth in Paragraph 2(a). 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-3-	 	

	 	(n)	“Eligible Employee” means any Employee who is eligible under the terms of Paragraph 5. 

 

	 	(o)	“Employee” means any person who is classified by the Company as actively employed by the Company and who is compensated on a salaried basis (exempt or
non-exempt) as reflected on the Company’s payroll records but excluding any such person who is reclassified by a court, governmental agency or the Company as a common law employee of the Company. 

 

	 	(p)	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

 

	 	(q)	“Mandatory Deferrals” mean, with respect to the WRECO Management Short-Term Incentive Plan, any Holdback Amounts within the meaning of such plan and, with
respect to the WAM Incentive Compensation Plan, the fixed percentage of a Participant’s Award specified in the Participant’s offer letter or similar agreement subject to mandatory deferral prior to age 62 and irrevocable prior to the
beginning of the calendar year to which such Mandatory Deferral relates. 

  

	 	(r)	“Participant” generally means an Eligible Employee who has deferred Base Salary or an Award under the Plan, but under no circumstances shall any member of the
Committee be deemed to be a Participant hereunder. However, Eligible Employees of Weyerhaeuser International, Inc. or Weyerhaeuser Services Limited who are performing services primarily for WAM shall participate in the Plan only to the extent of
their Mandatory Deferrals with respect to the WAM Incentive Compensation Plan and not with respect to any voluntary deferrals under the Plan. 

  

	 	(s)	“Plan” has the meaning set forth in Paragraph 1. 

  

	 	(t)	“Price per share” means the closing price of the common stock of the Company on the New York Stock Exchange on the Trading Day in question.

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-4-	 	

	 	(u)	“Retirement” means a Separation from Service with the Company constituting a “Retirement” as defined in the Weyerhaeuser Company Retirement Plan for
Salaried Employees. 

  

	 	(v)	“Section 409A” means Code Section 409A and regulations and other guidance promulgated thereunder. 

 

	 	(w)	“Separation from Service” has the meaning set forth under Section 409A and generally includes a Participant’s termination of employment with
Weyerhaeuser Company and all of its majority-owned subsidiaries. 

  

	 	(x)	“Specified Employee” means a Participant who, as of the date of the Participant’s termination of employment for any reason, is a key employee of the
Company. A Participant is a key employee if the Participant meets the requirements of Code Section 416(i)(1)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and disregarding Code Section 416(i)(5)) at
any time during the 12-month period ending on a Specified Employee identification date of December 31. If a Participant is a key employee as of such December 31, the Participant shall be treated as a Specified Employee for the entire
12-month period beginning on the next following April 1. 

  

	 	(y)	“Stock Equivalent” means a deferred unit of an account that is equivalent in value to one share of common stock of the Company. 

 

	 	(z)	“Stock Equivalent Deferral” means the portion of the Award deferred under the Plan in the form of Stock Equivalents, increased or decreased by a reference to
the market price and dividend history of shares of common stock of the Company. 

  

	 	(aa)	“Stock Equivalent Participant” means an Employee designated by the Administrator as eligible for a Stock Equivalent Deferral. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-5-	 	

  

	 	(bb)	“Trading Day” means a day that the New York Stock Exchange is open for business. 

 

	 	(cc)	“Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from a sudden or unexpected illness or accident of the Participant,
the Participant’s spouse or dependent (as defined in Code Section 152(a)), loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the
control of the Participant, all as determined in accordance with Section 409A. 

  

	 	(dd)	“WAM” means Weyerhaeuser Asset Management LLC. 

  

	 	(ee)	“WRECO” means Weyerhaeuser Real Estate Company. 

  

	5.	Eligibility. Each Eligible Employee is eligible to participate under the Plan as of the date determined by the Administrator. 

 

	6.	Deferrals. 

  

	 	(a)	Deferral Amounts. A Participant may elect to defer receipt of (i) a percentage (which is no less than 10% and no more than 50%) of his or her Base Salary
otherwise payable during a calendar year or (ii) a percentage (which is no less than 10% and no more than 100%) of an eligible Award. For purposes of an election under this subparagraph by an Eligible Employee of WRECO, an eligible Award does
not include any Mandatory Deferral amount. 

  

	 	(b)	Election Procedure. 

  

	 	(i)	General. A Participant shall notify the Administrator in writing during an election period (at such time and pursuant to such procedures as determined and
communicated by the Administrator) prior to the beginning of each applicable calendar year or Award Year. In accordance with the foregoing, an election made with respect to the Awards under the WRECO Management Long-Term Incentive Plan shall be made
during the election period prior to the beginning of the first calendar year of the applicable performance period under such plan. The election for a Stock Equivalent Participant who has elected to defer an Award shall include a choice between Cash
Award Deferrals or Stock Equivalent Deferrals. The election shall specify the timing and form of payments to the extent provided in this Paragraph and Paragraph 8, and the election shall be irrevocable according to its terms but in any case
cannot be revoked later than the day immediately prior to the applicable calendar year or Award Year. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-6-	 	

  

	 	(ii)	Newly Eligible Employees. Upon initial eligibility for the Plan, an Employee may begin participation by submitting the election referred to in subparagraph
(i) above to the Administrator within 30 days of the date the Employee became eligible to participate in the Plan. Such election shall only be effective for the deferral of compensation paid for services to be performed after the election. If
no deferral election is submitted within this 30-day period, the Employee shall next be eligible to participate beginning January 1st of the next following calendar year or Award Year and must submit a deferral election in accordance with
subparagraph (i) above. This subparagraph shall not apply to any Employee who, though newly eligible to participate in the Plan, was previously eligible to participate in the Plan or any comparable arrangement under Section 409A, at any
time during the 24-month period ending on the date the Employee again became eligible to participate in the Plan, other than participation in the form of the accrual of earnings. 

 

	7.	Accounts. 

  

	 	(a)	Base Salary Deferrals. All amounts deferred under the Base Salary Deferral shall be credited to the Participant’s account on the day they would otherwise
have been paid in cash. Interest shall thereafter accrue on Base Salary Deferrals at a rate to be designated from time to time by the Committee through the payment date. Interest shall be compounded monthly. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-7-	 	

  

	 	(b)	Cash Award Deferrals. All amounts deferred as a Cash Award Deferral shall be credited to the Participant’s account as of the end of the Award Year with
respect to which the deferred Award was made. Interest shall accrue on the Cash Award Deferrals at a rate to be designated from time to time by the Committee commencing with the first day of the calendar year following the Award Year and through the
payment date. Interest shall be compounded monthly. 

  

	 	(c)	Stock Equivalent Deferrals. 

  

	 	(i)	General. All amounts deferred as a Stock Equivalent Deferral shall be credited to the Stock Equivalent Participant’s account promptly following the
determination of deferred units in accordance with subparagraph (iii) below. The minimum deferral period for Stock Equivalent Deferrals is five years. The minimum deferral period shall begin on January 1 of the year following the Award
Year. 

  

	 	(ii)	Premiums. Stock Equivalent Participants’ accounts shall be credited with a premium based on an Award deferred in the form of Stock Equivalents. The premium
shall be calculated by multiplying the amount of an Award deferred in the form of Stock Equivalents by a multiple to be determined by the Committee on an annual basis. The premium shall be credited to each such Participant’s account as Stock
Equivalents and credited at the same time as the related deferred Award. The premium, including any appreciation and dividend equivalents thereon, shall be forfeited if such Participant’s employment with the Company terminates prior to
completing the minimum five-year deferral period unless such termination (A) is due to death, Disability or Retirement or (B) is a “Qualifying Termination” following a “Change in Control” (as such terms are defined in
the Executive Change in Control Agreement (Tier I) or Top Management Change in Control Plan (Tier II), each as in effect on the date of the Participant’s termination, and limited to Participants who are covered by such Agreement or Plan).

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-8-	 	

  

	 	(iii)	Number of Deferred Units. To determine the number of deferred units or fractions thereof credited to a Stock Equivalent Participant’s account, the amount of
Stock Equivalent Deferrals and any premium shall be divided by the median closing price per share of Company stock for the last 11 Trading Days of January in the year following the Award Year. In the event, at any time or from time to time, of
a stock dividend, stock split, reverse stock split, combination or exchange of shares, recapitalization, merger, consolidation, or other change in the Company’s structure, the Committee shall make proportional adjustments in the number of Stock
Equivalent units credited to a Stock Equivalent Participant’s accounts. Any such adjustments made by the Committee shall be conclusive and binding for all purposes of the Plan. 

 

	 	(iv)	Dividend Equivalents. Each Stock Equivalent unit credited to a Stock Equivalent Participant’s account shall also be credited with an amount equivalent to
each dividend declared on common shares of the Company. The amount of such dividend equivalents shall be divided by the closing price per share of common stock on the payable date for such dividend to determine the number of additional deferred
units or fractions thereof credited to such Participant’s account, which shall be credited to such account as of the payable date. 

  

	 	(d)	Mandatory Deferrals. 

  

	 	(i)	General. All amounts deferred as Mandatory Deferrals shall be credited to the Participant’s account as of the end of the Award Year with respect to which
the deferred Award was made. Interest shall accrue on the Mandatory Deferrals at a rate to be designated from time to time by the Committee commencing with the first day following the Award Year and through the payment date. Interest shall be
compounded monthly; provided, however, that with respect to Mandatory Deferrals under the WAM Incentive Compensation Plan, interest shall accrue at an annual rate equal to the prior year’s rate of return in the Weyerhaeuser Company Master
Retirement Trust for the Company’s tax-qualified defined benefit pension plans but in no event greater than 15% or less than the rate determined under Paragraph 7(b). 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-9-	 	

  

	 	(ii)	Minimum Deferral Period. The minimum deferral period for Mandatory Deferrals under the WRECO Management Short-Term Incentive Plan is two years. The minimum
deferral period for Mandatory Deferrals under the WAM Incentive Compensation Plan is the earlier of attainment of age 62 or five years. The minimum deferral periods described in this subparagraph shall begin January 1st of the year following
the Award Year. The Mandatory Deferrals under the WRECO Management Short-Term Incentive Plan, including any interest thereon, shall be forfeited if a Participant’s employment with WRECO terminates prior to completing the two-year minimum
deferral period for any reason other than death, disability (within the meaning of such plan), Retirement or job elimination. The Mandatory Deferrals under the WAM Incentive Compensation Plan, including any interest thereon, shall be forfeited if a
Participant’s employment with WAM terminates prior to the earlier of attaining age 62 or completing the five-year minimum deferral period for any reason other than the Participant’s death, disability (as determined by the Administrator),
or involuntary termination without Cause. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-10-	 	

  

	8.	Payments. 

  

	 	(a)	Base Salary Deferrals and Cash Award Deferrals. 

  

	 	(i)	Timing of Payment. Payment of Base Salary Deferrals and Cash Award Deferrals shall commence in the calendar year immediately following the year of a Separation
from Service (generally in January of such calendar year), unless a Participant elects at the time of his or her deferral election to defer the commencement date for an additional one to five years. In no event shall payment on account of a
Participant’s Separation from Service be made earlier than six months after the date of such Separation from Service if the Participant is then a Specified Employee, in which case payment shall occur on the earliest date permitted by this
subparagraph and Section 409A and interest shall continue to accrue pursuant to Paragraph 7(a) until the payment date. 

  

	 	(ii)	Form of Payment. At the time of electing a Base Salary Deferral or a Cash Award Deferral, a Participant may elect payment in the form of a lump sum or in annual
installments payable over a period of up to 20 years. If the Participant elects to have payment made in annual installments, the installments shall be paid in each calendar year during the installment period, generally in January (except that the
first installment may be delayed in the case of a Specified Employee as provided in subparagraph (i) above). The amount of each installment payment shall be computed by multiplying a fraction, the numerator of which is one and the denominator
of which is the number of years remaining in the payment period, by the remaining installments plus accrued interest (e.g., 1/10th is paid in the first year of a 10-year payment period; 1/9th of the remaining balance in the second year; 1/8th of the
remaining balance in the third year, etc., over the 10 years). 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-11-	 	

  

	 	(iii)	Death of Participant. The above provisions are inapplicable in the case of the Participant’s death, in which case the provisions of Paragraph 9(e) shall
apply. 

  

	 	(b)	Stock Equivalent Deferrals. 

  

	 	(i)	Timing of Payment. Payment of amounts deferred as Stock Equivalent Deferrals shall commence in the calendar year immediately following the year of a Separation
from Service (generally in February of such calendar year) unless a Stock Equivalent Participant elects at the time of his or her deferral election to defer the commencement date for an additional one to five years, in all cases subject to the
minimum five-year deferral period for Stock Equivalent Deferrals. In no event shall payment on account of a Stock Equivalent Participant’s Separation from Service be made earlier than six months after the date of such Separation from Service if
the Stock Equivalent Participant is then a Specified Employee, in which case payment shall occur on the earliest date permitted by this subparagraph and Section 409A and, to the extent such six-month delay has not expired by the valuation date
set forth in Paragraph 8(b)(ii), such account shall be transferred to the Plan’s interest-bearing account described in Paragraph 7(a) at the time payment would have otherwise been made but for such six-month delay and interest shall accrue
thereafter, compounded monthly, until paid. The value of the account at transfer shall be the price per share of the Common Stock of the Company as of the close of the Trading Day on the transfer date. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-12-	 	

  

	 	(ii)	Form of Payment. At the time of electing Stock Equivalent Deferrals, a Stock Equivalent Participant may elect payment in the form of a lump sum or in annual
installments payable over a period of up to 20 years. If the Participant elects to have payment made in annual installments, the installments generally shall be paid in each calendar year during the installment period, generally in February (except
that the first installment may be delayed in the case of a Specified Employee as provided in subparagraph (i) above). If installment payments must be delayed due to application of the minimum five-year deferral period for Stock Equivalent
Deferrals, there shall be no change to the number of installments elected by the Participant, but payment of such installments shall not commence until the calendar year following the end of the minimum deferral period, generally in February. The
amount of each annual installment payment shall be computed by multiplying a fraction, the numerator of which is one and the denominator of which is the number of installments remaining, by the remaining portion of units credited to the Stock
Equivalent Participant’s account to determine the number of units for which payment is to be made. The number of units shall be multiplied by the median closing price per share of Company stock for the last 11 Trading Days of January of
the payment date to determine the amount of cash to be paid. 

  

	 	(iii)	Death of Participant. The above provisions are inapplicable in the case of the Stock Equivalent Participant’s death, in which case the provisions of
Paragraph 9(e) shall apply but the minimum five-year deferral period shall not apply. 

  

	 	(iv)	Automatic Account Transfer. Subject to the forfeiture provision of Paragraph 7(c)(ii), upon the date of a Stock Equivalent Participant’s Separation
from Service for reasons other than due to death, Disability or Retirement, his or her account shall be automatically transferred to the Plan’s interest-bearing account described in Paragraph 7(a) and interest shall accrue thereafter,
compounded monthly, until paid. The value of the account at transfer shall be the price per share of the common stock of the Company as of the close of the Trading Day on the transfer date. No dividend equivalents shall accrue thereafter.
Notwithstanding the transfer of a Participant’s account pursuant to this provision, payment of such account shall continue to be subject to the minimum five-year deferral period in accordance with this Paragraph 8(b). 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-13-	 	

  

	 	(v)	Election at 60th Birthday. At any time after a Stock Equivalent Participant’s 60th birthday, such Participant (or his or her beneficiary or beneficiaries)
may irrevocably elect to establish and fix a firm price for some or all Stock Equivalents currently credited to such portion of his or her account to the extent such Stock Equivalents have satisfied the minimum five-year deferral period. The firm
price shall then be the price per share of the common stock of the Company as of the close of the Trading Day on the date of the delivery of such election to the Plan’s record keeper if delivered before the close of the New York Stock Exchange,
or the next following Trading Day if delivered after the closing of the New York Stock Exchange. Interest at the rate described in Paragraph 7(b) shall thereafter be earned and compounded monthly. An election under this Paragraph shall not
accelerate actual payment of the Stock Equivalent Participant’s account. 

  

	 	(c)	Mandatory Deferrals. Subject to the applicable forfeiture provisions set forth in Paragraph 7(d)(ii), payment of Mandatory Deferrals with respect to the WRECO
Management Short-Term Incentive Plan shall be made in a lump sum in the calendar year (generally in January of such calendar year) immediately following the year in which occurs the earlier of (A) the end of the two-year minimum deferral period
described in Paragraph 7(d)(ii) and (B) the Participant’s Separation from Service due to death, disability (within the meaning of such plan) or job elimination. Subject to the applicable forfeiture provisions set forth in
Paragraph 7(d)(ii), payment of Mandatory Deferrals with respect to the WAM Incentive Compensation Plan shall be made in a lump sum in the calendar year (generally in January of such calendar year) immediately following the year in which occurs
the earliest of a Participant’s (A) attainment of age 62, (B) completion of five years of service following the Award Year or (C) Separation from Service due to death, disability (as determined by the Administrator), or
involuntary termination without Cause. In no event shall payment on account of a Participant’s Separation from Service be made earlier than six months after the date of such Separation from Service if the Participant is then a Specified
Employee, in which case payment shall occur on the earliest date permitted by this subparagraph and Section 409A. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-14-	 	

  

	9.	General Payment Provisions. 

  

	 	(a)	Cash Payment; Default Payment. All payments under the Plan shall be made in cash. If the Participant fails to make a valid election of a payment option, the
payment shall be made in a single lump sum payment in the calendar year immediately following the year of the Participant’s Separation from Service (generally in January or February of such year, as applicable), except to the extent a six-month
delay is required under Paragraph 8 with respect to a Participant who is a Specified Employee and subject to the applicable minimum deferral periods for Stock Equivalent Deferrals and Mandatory Deferrals. 

 

	 	(b)	No Acceleration. The acceleration of the time or schedule of any payment due under the Plan is generally prohibited. Certain distributions under the Plan may be
accelerated, however, to the extent expressly permitted under Section 409A. 

  

	 	(c)	Unforeseeable Emergency. Payment of a Participant’s accounts, other than with respect to Mandatory Deferrals, and Stock Equivalent Deferrals still subject
to the five-year minimum deferral period, may be made to the Participant in the event of an Unforeseeable Emergency, subject to the following provisions: 

  

	 	(i)	A Participant may, while he or she remains an active Employee, make application to the Committee to receive a payment in a lump sum of all or a portion of his or her
vested accounts because of an Unforeseeable Emergency; 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-15-	 	

	 	(ii)	A payment because of an Unforeseeable Emergency shall not exceed the amount required to satisfy the Unforeseeable Emergency plus amounts necessary to pay taxes
reasonably anticipated as a result of such payment, after taking into account the extent to which the Unforeseeable Emergency may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s
assets (to the extent the liquidation of such assets would not itself cause severe financial hardship); 

  

	 	(iii)	The Participant’s request for a payment on account of an Unforeseeable Emergency must be made in writing to the Committee, supported by such evidence as the
Committee may require and specify (A) the nature of the financial hardship, (B) the total amount requested to be paid from the Participant’s vested accounts and (C) the total amount of the actual expense incurred or to be
incurred on account of the Unforeseeable Emergency; 

  

	 	(iv)	Payment on account of an Unforeseeable Emergency shall be made within 60 days following the receipt of the Participant’s request. After 60 days, the
Participant’s request shall be deemed denied; 

  

	 	(v)	Payment shall be made from the Participant’s vested accounts in the following order: (A) first, from amounts attributable to Base Salary Deferrals and Cash
Awards Deferrals, and (B) next, from amounts attributable to Stock Equivalent Deferrals that have satisfied the five-year minimum deferral period. With respect to each of these two categories, payment shall be made pro rata from all subaccounts
within the category; and 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-16-	 	

	 	(vi)	If payment is made to a Participant from amounts attributable to Stock Equivalent Deferrals that have satisfied the five-year minimum deferral period, such Stock
Equivalent Deferrals shall be valued based on the price per share of the common stock of the Company as of the close of the Trading Day that next precedes the date on which the Committee approves such Participant’s application for payment.

 A payment due to an Unforeseeable Emergency shall not affect any deferral election previously made by the
Participant. 
  

	 	(d)	Segregation of Funds. The Company shall be under no obligation to segregate any deferred funds, and each Participant should realize that such unsegregated funds
are subject to the claims of the Company’s general creditors. 

  

	 	(e)	Death Benefits. 

  

	 	(i)	Payment Following Death of Participant. Notwithstanding anything in the foregoing provisions of the Plan to the contrary, in the event of the death of the
Participant before the complete distribution of his or her account, the entire account shall be paid to the Participant’s beneficiary in the calendar year immediately following the year of the Participant’s death (generally in January
and/or February of such year, as applicable). For this purpose, the Participant’s “account” refers to all of the Participant’s accounts under the Plan. 

 

	 	(ii)	Beneficiaries. A Participant may appoint a beneficiary or beneficiaries to receive payments of the Participant’s account upon the Participant’s death.
The beneficiary appointment shall be made in a form to be supplied by the Administrator and may be revoked or superseded at any time by the Participant’s written direction. In the absence of a proper appointment of a beneficiary, or if the
appointed beneficiary or beneficiaries fail to survive the Participant, the Participant’s beneficiary shall be the Participant’s estate. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-17-	 	

	 	(f)	Withholding Payment. If the Administrator has any doubt as to the location of the Participant or the proper beneficiary hereunder, the Administrator shall have
the right to direct the Company to withhold payment until the matter is finally adjudicated. Moreover, the Administrator may direct the Company to withhold payment if the Administrator reasonably anticipates that the payment will violate then
current federal securities laws or other applicable law, provided that the payment shall be made at the earliest date at which the Administrator reasonably anticipates that the making of the payment will not cause such violation. Any payment made by
the Company in good faith and in accordance with the terms of the Plan and the directions of the Administrator shall fully discharge any liability of the Company or the Plan with respect to such payment. This provision shall be applied in a manner
which is consistent with Section 409A. 

  

	 	(g)	Incompetency. If the Administrator determines that a benefit under the Plan is to be paid to a minor, a person declared incompetent or a person incapable of
handling the disposition of that person’s property, then, until a claim for such benefit has been made by a duly appointed guardian or other legal representative, the Administrator may provide for such payment or any part thereof to be made to
any other person or institution then contributing toward or providing for the care and maintenance of such person, or, solely in the case of a minor, to a custodian under the Uniform Gifts to Minors Act or similar statute. Any such payment shall be
a payment for the account of the Participant or his or her beneficiary, as applicable, and fully discharge any liability of the Company or the Plan with respect to such payment. 

 

	10.	Administration and Amendment of the Plan. 

  

	 	(a)	Powers of the Administrator. Full power and authority to construe and interpret the Plan and make all decisions regarding eligibility and benefits shall be
vested in the Administrator, except as otherwise provided in Paragraph 9(c). Subject to Paragraph 11, decisions hereunder by the Administrator or any other authorized individual or entity shall be final, conclusive and binding on all parties,
including Employees, Participants and the Company. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-18-	 	

	 	(b)	Expenses of the Plan. The expenses of administering the Plan shall be borne by the Company. 

 

	 	(c)	Amendment and Termination. The Committee in its sole discretion may (i) amend, suspend or terminate the Plan and (ii) supplement or replace the Plan
with or by other deferred compensation plans; provided, however, that no amendment to the provisions providing for the payment of compensation in the form of stock of the Company shall be effective unless approved by the shareholders of the
Company to the extent such approval is required by applicable law. Notwithstanding the foregoing sentence, the Administrator in its sole discretion may also amend the Plan to the extent the Administrator determines necessary or advisable to
(x) implement legally required changes or (y) incorporate administrative changes that will not result in a substantial adverse financial effect on the Company. 

 

	 	(d)	Participants’ Rights. No amendment, suspension or termination of the Plan shall affect any Award already granted or any deferral already made, and in the
event of any such change, any deferred compensation credited to a Participant’s account shall be paid as provided herein. No Participant shall have any right or interest in the Plan or its continuance or in his or her continued participation in
the Plan, other than in the deferred compensation credited to his or her account. The Plan shall not be subject to any mistake of fact claim. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-19-	 	

	11.	Claims Procedure. 

  

	 	(a)	Filing a Claim. A Participant or a beneficiary (the “Claimant”), or the authorized representative of either, who believes that the Participant or
beneficiary has been denied benefits to which he or she is entitled under the Plan may file a written claim for such benefits with the Administrator. Any claim must be in writing and must contain the reason for making the claim, the facts supporting
the claim, the amount claimed and the Claimant’s name and his or her (or his or her authorized representative’s) address. 

  

	 	(b)	Claim Review. Claims shall be decided by the Administrator, who will generally make his or her decision with respect to a claim and notify the Claimant (or his
or her authorized representative) in writing of such decision within 90 days after receiving the claim. The Administrator may extend this 90-day period for an additional 90 days if he or she determines that special circumstances require additional
time to process the claim. The Administrator shall notify the Claimant (or his or her authorized representative) in writing of any such extension within 90 days of receiving the claim. The notice will include the reasons why the extension is
necessary and the date by which the Administrator expects to render his or her decision on the claim. 

 If the
Participant’s claim is partially or completely denied, the written notice to the Claimant (or his or her authorized representative) shall include: 
  

	 	(i)	The specific reason or reasons for the denial; 

  

	 	(ii)	Reference to the specific Plan provisions on which the denial is based; 

  

	 	(iii)	A description of any additional material or information necessary for the Claimant to perfect the claim and an explanation of why such material or information is
necessary; and 

  

	 	(iv)	A description of the Plan’s claim appeal procedure (and the time limits applicable thereto), including a statement of the Claimant’s right to bring a civil
action under Section 502(a) of ERISA following an adverse determination on appeal. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-20-	 	

 If a Claimant submits a claim in accordance with the procedure described above and does not
hear from the Administrator within 90 days, the Claimant may consider the claim denied. 
  

	 	(c)	Appealing a Claim Denial. If a claim is partially or completely denied, the Claimant has the right to appeal the denial. To appeal a claim denial, the Claimant
(or his or her authorized representative) must file a written request for appeal with the Administrator within 60 days after receiving written notice of the claim denial. This written request for appeal should include: 

 

	 	(i)	A statement of the grounds on which the appeal is based; 

  

	 	(ii)	Reference to the specific Plan provisions that support the claim; 

  

	 	(iii)	The reasons or arguments why the Claimant believes the claim should be granted and the evidence supporting each reason or argument; and 

 

	 	(iv)	Any other comments, documents, records or information relating to the claim that the Claimant wishes to submit. 

The Claimant (or his or her authorized representative) will be provided, upon request and free of charge, reasonable access to, and copies
of, all documents, records and other information relevant (within the meaning of 29 C.F.R. § 2560.503-1(m)(8)) to his or her claim. 
  

	 	(d)	Decision on Appeal. Appeals shall be decided by the Administrator, which will generally render its decision with respect to an appeal and notify the Claimant (or
his or her authorized representative) in writing of such decision within 60 days after receiving the appeal. The Administrator may extend this 60-day period for an additional 60 days if it determines that special circumstances require additional
time to process the appeal. The Administrator shall notify the Claimant (or his or her authorized representative) in writing of any such extension within 60 days of receiving the appeal. The notice will include the reasons why the extension is
necessary and the date by which the Administrator expects to render its decision on the appeal. In reaching its decision, the Administrator will take into account all of the comments, documents, records and other information that the Claimant (or
his or her authorized representative) submitted, without regard to whether such information was submitted or considered by the Administrator in its initial denial of the claim. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-21-	 	

 If a claim is partially or completely denied on appeal, the written notice of claim denial
shall include the following: 
  

	 	(i)	The specific reason or reasons for the denial; 

  

	 	(ii)	Reference to the specific Plan provisions on which the denial is based; 

  

	 	(iii)	A statement that the Claimant (or his or her authorized representative) is entitled to receive, upon request and free of charge, reasonable access to, and copies of,
all documents, records and other information relevant (within the meaning of 29 C.F.R. § 2560.503-1(m)(8)) to the claim; and 

  

	 	(iv)	A statement of the Claimant’s right to bring an action under Section 502(a) of ERISA. 

If a Claimant files an appeal in accordance with the procedure described above and does not hear from the Administrator within 60 days,
the Claimant may consider the appeal denied. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-22-	 	

  

	 	(e)	Filing Suit. A Participant or his or her beneficiary must comply with the claim and appeal procedures described in this Paragraph 11 before seeking any other
legal recourse (including filing a lawsuit) regarding claims for benefits. If a Claimant wishes to file a court action after exhausting the procedures set forth in this Paragraph 11, the Claimant (or his or her authorized representative) must file
such action in a court of competent jurisdiction within one year after the date on which the Claimant (or his or her authorized representative) received the written denial of the appeal. Court actions may not be commenced after this one-year period.
Any judicial review of the Administrator’s decision on a claim shall be limited to whether, in the particular instance, the Administrator abused its discretion. In no event will such judicial review be on a de novo basis, because the
Administrator has discretionary authority to determine eligibility for (and the amount of) benefits under the Plan and to construe and interpret the terms and provisions of the Plan. 

 

	 	(f)	Claims Involving Applications for Unforeseeable Emergency Distributions. Notwithstanding the foregoing, any claim or appeal involving an application for a
distribution due to an Unforeseeable Emergency shall be decided by the Committee. With respect to any such claim or appeal, all references to the Administrator in the foregoing provisions shall be deemed to refer instead to the Committee.

  

	 	(g)	Disability Claims. Notwithstanding the foregoing, in the event any claim requires a medical determination as to whether or not a Participant is disabled, such
determination shall be made in accordance with the Department of Labor regulations under ERISA section 503 applicable to disability claims. Any such claim shall be decided by the Weyerhaeuser Company Administrative Committee (or its delegate) and
any appeal with respect to such claim shall be decided by the President of Weyerhaeuser Company. 

  

	12.	Miscellaneous.  

  

	 	(a)	Rights Unsecured. The right of a Participant or his or her beneficiary to receive a payment hereunder will be an unsecured claim against the general assets of
the Company, and neither the Participant nor his or her beneficiary will have any rights in or against any amount credited to his or her Account or any other specific assets of the Company. The Plan at all times shall be considered entirely unfunded
for tax purposes. Any funds set aside by the Company for the purpose of meeting its obligations under the Plan, including any amounts held by a trustee, will continue for all purposes to be part of the general assets of the Company and will be
available to the Company’s general creditors in the event of the Company’s bankruptcy or insolvency. The Company’s obligation under the Plan will be that of an unfunded and unsecured promise to pay benefits in the future.

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-23-	 	

  

	 	(b)	Construction of Plan. Nothing in the Plan shall be construed to give any Employee (or any other person) any right to receive Awards or any other type of
compensation from the Company. No Participant or beneficiary shall have any right to receive a payment under the Plan except in accordance with the terms of the Plan. Establishment and maintenance of the Plan shall not be construed to give any
Eligible Employee (or any other person) the right to be retained as an Employee or as a member of the Board of Directors of Weyerhaeuser Company. Nothing contained in the Plan shall constitute a guarantee by the Company or any other person or entity
that the assets of the Company will be sufficient to pay any benefits under the Plan. If any provision of the Plan is held to be invalid or illegal for any reason, such invalidity or illegality shall not affect the remaining parts of the Plan, but
the Plan shall be construed as if the invalid or illegal provision had never been included in the Plan. Unless some other meaning or intent is apparent from the context, the plural includes the singular and vice versa; and masculine, feminine and
neuter words are used interchangeably. Any headings used herein are included for ease of reference only, and are not to be construed so as to alter the terms hereof. 

 

	 	(c)	Alienation Prohibited. Amounts credited to a Participant’s accounts are not subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, charge, garnishment, execution or levy of any kind, either voluntary or involuntary, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, charge or otherwise dispose of any right to any benefit
hereunder will be null and void and not binding on the Plan or the Company. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-24-	 	

  

	 	(d)	Taxes. The Company or any other payor may withhold from a benefit payment under the Plan or from any other compensation payable by the Company to the Participant
any federal, state or local taxes required by law to be withheld with respect to a deferral, payment or accrual under the Plan, and will report such payments and other Plan-related information to the appropriate governmental agencies as required
under applicable law. 

  

	 	(e)	No Guaranty of Tax Consequences. None of the Company, the Administrator, the Committee or any other person guaranties any particular federal or state income,
payroll, personal property or other tax consequence will occur because of participation in the Plan. A Participant should consult with professional tax advisors regarding all questions relative to the tax consequences arising from participation in
the Plan. 

  

	 	(f)	Participant’s Cooperation. A Participant shall cooperate with the Company by furnishing any and all information requested in order to facilitate the
administration of the Plan or the payment of benefits hereunder. If the Participant refuses to cooperate, the Company shall have no further obligation to the Participant under the Plan. 

 

	 	(g)	Successors and Assigns. The terms and conditions of the Plan, as amended and in effect from time to time, will be binding on the Company’s successors and
assigns, including, without limitation, any entity into which the Company may be merged or with which the Company may be consolidated. 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-25-	 	

  

	 	(h)	Applicable Law and Venue. The Plan and all determinations made and actions taken pursuant hereto, to the extent not otherwise governed by the laws of the United
States, will be governed by the laws of the State of Washington without giving effect to the choice or conflicts of law provisions thereof. If the Company or any Participant or beneficiary initiates litigation related to the Plan, the venue for such
action will be King County, Washington. 

  

	 	(i)	Notice. Any notice required to be furnished by a Participant shall be deemed to be provided if sent in accordance with information and instructions communicated
to Participants from time to time. 

*      *      *      *    
  * 
 IN WITNESS WHEREOF, Weyerhaeuser Company has caused this Plan to be duly executed on the date set forth below. 

 

							
		 		 	WEYERHAEUSER COMPANY
				
	Date:                     	 		 	By:	 	  

				
		 		 	Title:	 	  

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-26-	 	

 Weyerhaeuser Company 
 2011 Deferred Compensation Plan 
 Schedule A 

Award Plans 

Weyerhaeuser Company Annual Incentive Plan 

WRECO Management Long-Term Incentive Plan 

WRECO Management Short-Term Incentive Plan 

Weyerhaeuser Company Residential Wood Products Sales Incentive Plan 
 Weyerhaeuser Asset Management Incentive Compensation Plan 

  

					
	 WEYERHAEUSER COMPANY
 2011 DEFERRED COMPENSATION PLAN
	 	-1-

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