Document:

EX-10.3

GLATFELTER

Non-Employee Director Restricted Stock Unit Award Certificate

______________________________________________________________________________

Award Number:      

	 	 	 	 	 
	Award Date:

	 	Number of
	 	Final Vesting Date:
	
 
	 	Restricted Stock Units:
	 	

THIS CERTIFIES THAT Glatfelter (the “Company”) has on the Award Date specified above granted
to

(the “Participant”) an award (the “Award”) to receive that number of Restricted Stock Units
(the “RSUs”) indicated above in the box labeled “Number of Units,” each RSU representing the right
to receive one share of the Company’s Common Stock, $.01 par value per share (the “Common Stock”),
subject to certain restrictions and on the terms and conditions contained in this Award Certificate
and the Company’s 2005 Long-Term Incentive Plan (the “Plan”). In the event of any conflict between
the terms of the Plan and this Award Certificate, the terms of the Plan shall prevail. Any terms
not defined herein shall have the meaning set forth in the Plan.

* * * *

1. Rights of the Participant with Respect to the Restricted Stock Units.

(a) No Shareholder Rights. The RSUs granted pursuant to the Award do not and shall
not entitle the Participant to any rights of a holder of Common Stock. The rights of the
Participant with respect to the RSUs shall remain forfeitable at all times prior to the date
on which such rights become vested, and the restrictions with respect to the RSUs lapse, in
accordance with Section 2 or 3.

(b) Dividend Equivalents. The Company shall pay to Participants holding RSUs
outstanding on the record date for the payment of any dividend on the Common Stock an amount
equal to the dividend such Participant would have received on the payment date therefor if
the shares of Common Stock issuable in accordance with such RSUs had been issued and
outstanding on such record date.

(c) Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of
Common Stock shall be issued to a Participant prior to the date on which the RSUs vest and
the restrictions with respect to the RSUs lapse, in accordance with Section 2 or 3. Neither
this Section 1(c) nor any action taken pursuant to or in accordance with this Section 1(c)
shall be construed to create a trust of any kind. After any restrictions with respect to
RSUs lapse pursuant to Section 2 or 3, the Company shall cause to be issued as soon as
practicably possible, in book-entry form, registered in the Participant’s name or in the
name of the Participant’s legal representatives, beneficiaries or heirs, as the case may be,
in payment for such RSUs that number of shares of Common Stock equal to the number of RSUs
with respect to which the restrictions have lapsed.

2. Vesting. 1/3 of the total amount of RSUs awarded shall vest on the day prior to each of
the first, second and third Annual Meeting of Shareholders of the Company following the Award Date,
and all restrictions with respect to the RSUs awarded shall lapse on the day prior to the third
Annual Meeting of Shareholders following the Award Date, if the Participant continues to serve
continuously as a director of the Company until the respective vesting dates.

3. Forfeiture or Early Vesting Upon Ceasing to be a Director.

(a) Ceasing to be a Director Generally. If, prior to vesting of the RSUs pursuant
to Section 2, the Participant ceases to be a director of the Company for any reason
(voluntary or involuntary) other than death, then all unvested RSUs shall be immediately and
irrevocably forfeited.

(b) Death. Upon the death of a Participant while a director of the Company, then
the RSUs shall vest to the extent necessary to cause the percentage of RSUs that have vested
(including those that vested prior to the date of death) to equal the percentage of the
vesting restriction period that has elapsed as of the date of death and the Company shall
cause to be issued as soon as practicably possible, in book-entry form, registered in the
Participant’s name or in the name of the Participant’s legal representatives, beneficiaries
or heirs, as the case may be, in payment for the RSUs with respect to which all restrictions
have lapsed that number of shares of Common Stock equal to the number of RSUs with respect
to which all restrictions have lapsed. All unvested RSUs (after giving effect to the
foregoing sentence) on the date of such death will be immediately and irrevocably forfeited.

4. Restriction on Transfer. The RSUs and any rights under the Award may not be sold,
assigned, transferred, pledged, hypothecated or otherwise disposed of by the Participant, and any
such purported sale, assignment, transfer, pledge, hypothecation or other disposition of RSUs or
other rights under the Award shall be void and unenforceable against the Company and shall result
in the immediate forfeiture of such RSUs and rights. Notwithstanding the foregoing, the
Participant may, in the manner established by the Compensation Committee, designate a beneficiary
or beneficiaries to exercise the rights of the Participant and receive any shares of Common Stock
issued or any cash paid with respect to the RSUs upon the death of the Participant.

5. Tax Matters.

(a) In order to comply with all applicable federal, state and local tax laws or regulations,
the Company may take such actions as it deems appropriate to ensure that all applicable
federal, state and local payroll, withholding, income or other taxes are withheld or
collected from the Participant.

(b) In accordance with the terms of the Plan, and such rules as may be adopted by the
Compensation Committee under the Plan, the Participant may elect to satisfy the
Participant’s federal, state and local tax withholding obligations arising from the receipt
of, the vesting of or the lapse of restrictions relating to, the RSUs, by (i) delivering
cash, check or money order payable to the Company, or (ii) having the Company withhold a
portion of the shares of Common Stock otherwise to be delivered having a Fair Market Value
equal to the amount of such taxes. The Company will not deliver any fractional share of
Common Stock but will instead round down to the next full number the amount of shares of
Common Stock to be delivered. The Participant’s election must be made on or before the date
that any such withholding obligation with respect to the RSUs arises. If the Participant
fails to timely make such an election, the Company shall have the right to withhold a
portion of the shares of Common Stock otherwise to be delivered having a Fair Market Value
equal to the amount of such taxes.

6. Miscellaneous.

(a) The Award does not confer on the Participant any right with respect to the continuance
of any relationship with the Company or its subsidiaries, nor will it interfere in any way
with the right of the Company to terminate such relationship at any time.

(b) The Company shall not be required to deliver any shares of Common Stock upon vesting of
any RSUs until the requirements of any federal or state securities laws, rules or
regulations or other laws or rules (including the rules of any securities exchange) as may
be determined by the Company to be applicable are satisfied.

(c) An original record of the Award and all the terms thereof, executed by the Company,
shall be held on file by the Company. To the extent there is any conflict between the terms
contained in the Award Certificate and the terms contained in the original record held by
the Company, the terms of the original record held by the Company shall control.

7. Definitions.

(a) “Board” shall mean the Board of Directors of the Company.

(b) “Code” shall mean the Internal Revenue Code of 1986, as amended.

(c) “Committee” shall mean the Compensation Committee of the Board consisting of three or
more Directors, each of whom shall be a “non-employee director” within the meaning of Rule
16b-3 promulgated by the Securities and Exchange Commission under the Securities Exchange
Act of 1934, as in effect from time to time, and an “outside director” within the meaning of
Section 162(m) of the Code and regulations promulgated thereunder, as in effect from time to
time.

(d) “Fair Market Value” for purposes of this Plan, unless otherwise required by any
applicable provision of the Code or any regulations issued thereunder, shall mean, as of any
date, the average of the high and low sales prices of a share of Common Stock as reported on
the New York Stock Exchange.

A copy of the 2005 Long-Term Incentive Plan is attached to this Certificate.

GLATFELTER

___________________________

     ,      

By my signature below, I hereby acknowledge receipt of this Award Certificate on the date shown
above, which has been issued to me under the terms and conditions of the Plan. I further
acknowledge receipt of the copy of the Plan and agree to conform to all of the terms and conditions
of the Award Certificate and the Plan.

Signature:      Date:EX-10.4

P. H. GLATFELTER COMPANY

2005 MANAGEMENT INCENTIVE PLAN

1. Purpose of the Plan

The purpose of the Management Incentive Plan (hereinafter called the “Plan”) is to advance the
interests of the P. H. Glatfelter Company and its shareholders by providing incentives to key
employees with significant responsibility for the success and growth of the Company. The Plan is
designed to: (i) promote the attainment of the Company’s significant business objectives; (ii)
encourage and reward management teamwork across the entire Company; and (iii) assist in the
attraction and retention of employees vital to the Company’s long-term success.

2. Definitions

For the purpose of the Plan, the following definitions shall apply:

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

(b) “Code” means the Internal Revenue Code of 1986, as amended, including any successor law
thereto.

(c) “Committee” means the Compensation Committee of the Board, or such other committee as
is appointed or designated by the Board to administer the Plan, in each case which shall be
comprised solely of two or more “outside Directors” (as defined under Section 162(m) of the
Code and the regulations promulgated thereunder).

(d) “Company” means P. H. Glatfelter Company and any subsidiary entity or affiliate
thereof.

(e) “Participant” means any person who has satisfied the eligibility requirements set forth
in Paragraph 4 and who has been selected to participate in the Plan by the Committee.

(f) “Performance Goal” means, in relation to any Performance Period, the level of
performance that must be achieved with respect to a Performance Measure.

(g) “Performance Measures” means any one or more of the following performance criteria,
either individually, alternatively or in any combination, and subject to such modifications
as specified by the Committee, applied to either the Company as a whole or to a business
unit or subsidiary entity thereof, either individually, alternatively or in any
combination, and measured over a period of time including any portion of a year, annually
or cumulatively over a period of years, on an absolute basis or relative to a
pre-established target, to previous years’ results or to a designated comparison group, in
each case as specified by the Committee: cash flow; cash flow from operations; earnings
(including earnings before interest, taxes, depreciation, and amortization or some
variation thereof); earnings per share, diluted or basic; earnings per share from
continuing operations; net asset turnover; inventory turnover; capital expenditures; debt;
debt reduction; working capital; return on investment; return on sales; net or gross sales;
market share; economic value added; cost of capital; change in assets; expense reduction
levels; productivity; delivery performance; safety record; stock price; return on equity;
total stockholder return; return on capital; return on assets or net assets; revenue;
income or net income; operating income or net operating income; operating profit or net
operating profit; gross margin, operating margin or profit margin; and completion of
acquisitions, business expansion, product diversification and other non-financial operating
and management performance objectives. To the extent consistent with Section 162(m) of the
Code, the Committee may determine that certain adjustments shall apply, in whole or in
part, in such manner as specified by the Committee, to exclude the effect of any of the
following events that occur during a Performance Period: the impairment of tangible or
intangible assets; litigation or claim judgments or settlements; the effect of changes in
tax law, accounting principles or other such laws or provisions affecting reported results;
accruals for reorganization and restructuring programs, including but not limited to
reductions in force and early retirement incentives; currency fluctuations; and any
extraordinary, unusual, infrequent or non-recurring items, including, but not limited to,
such items described in management’s discussion and analysis of financial condition and
results of operations or the financial statements and notes thereto appearing in the
Company’s annual report to shareowners for the applicable year.

(h) “Performance Period” means, in relation to any award, the calendar year or other period
of 12 months or less for which a Participant’s performance is being calculated, with each
such period constituting a separate Performance Period.

(i) “Total and Permanent Disability” means: (1) if the Participant is insured under a
long-term disability insurance policy or plan which is paid for by the Company, the
Participant is totally disabled under the terms of that policy or plan; or (2) if no such
policy or plan exists, the Participant shall be considered to be totally disabled as
determined by the Committee.

(j) “Retirement” means retirement of an employee: (1) as defined under any retirement plan
of the Company which is qualified under Section 401 of the Code; or (2) as determined by
the Committee.

3. Administration of the Plan

(a) The management of the Plan shall be vested in the Committee; provided, however, that all
acts and authority of the Committee pursuant to this Plan shall be subject to the provisions of the
Committee’s Charter, as amended from time to time, and such other authority as may be delegated to
the Committee by the Board. The Committee may, with respect to Participants who are not subject to
Section 162(m) of the Code, delegate such of its powers and authority under the Plan to the
Company’s officers as it deems necessary or appropriate. In the event of such delegation, all
references to the Committee in this Plan shall be deemed references to such officers as it relates
to those aspects of the Plan that have been delegated.

(b) Subject to the terms of the Plan, the Committee shall, among other things, have full
authority and discretion to determine eligibility for participation in the Plan, make awards under
the Plan, establish the terms and conditions of such awards (including the Performance Goal(s) and
Performance Measure(s) to be utilized) and determine whether the Performance Goals applicable to
any Performance Measures for any awards have been achieved. The Committee’s determinations under
the Plan need not be uniform among all Participants, or classes or categories of Participants, and
may be applied to such Participants, or classes or categories of Participants, as the Committee, in
its sole and absolute discretion, considers necessary, appropriate or desirable. The Committee is
authorized to interpret the Plan, to adopt administrative rules, regulations, and guidelines for
the Plan, and may correct any defect, supply any omission or reconcile any inconsistency or
conflict in the Plan or in any award. All determinations by the Committee shall be final,
conclusive and binding on the Company, the Participant and any and all interested parties.

(c) Subject to the provisions of the Plan, the Committee will have the authority and
discretion to determine the extent to which awards under the Plan will be structured to conform to
the requirements applicable to performance-based compensation as described in Section 162(m) of the
Code, and to take such action, establish such procedures, and impose such restrictions at the time
such awards are granted as the Committee determines to be necessary or appropriate to conform to
such requirements. Notwithstanding any provision of the Plan to the contrary, if an award under
this Plan is intended to qualify as performance-based compensation under Section 162(m) of the Code
and the regulations issued thereunder and a provision of this Plan would prevent such award from so
qualifying, such provision shall be administered, interpreted and construed to carry out such
intention (or disregarded to the extent such provision cannot be so administered, interpreted or
construed).

(d) Notwithstanding any provision of the Plan to the contrary, if any benefit provided under
this Plan is subject to the provisions of Section 409A of the Code and the regulations issued
thereunder, the provisions of the Plan shall be administered, interpreted and construed in a manner
necessary to comply with Section 409A and the regulations issued thereunder (or disregarded to the
extent such provision cannot be so administered, interpreted, or construed.)

4. Participation in the Plan

Participation in the Plan is limited to officers and key employees of the Company who have
significant responsibility for corporate, business segment or facility-based operations and who are
selected by the Committee for participation in the Plan. Nothing herein contained shall be
construed as giving any employee the right to participate in the Plan.

5. Incentive Compensation Awards

(a) The Committee may, in its discretion, from time to time make awards to persons eligible
for participation in the Plan pursuant to which the Participant will earn cash compensation. The
amount of a Participant’s award may be based on a percentage of such Participant’s salary or such
other methods as may be established by the Committee. Each award shall be communicated to the
Participant, and shall specify, among other things, the terms and conditions of the award and the
Performance Goals to be achieved. In no event may an award paid under the Plan to any Participant
for any Performance Period exceed USD $1,250,000.

(b) With respect to awards that are intended to be performance-based compensation under
Section 162(m) of the Code, each award shall be conditioned upon the Company’s achievement of one
or more Performance Goal(s) with respect to the Performance Measure(s) established by the
Committee. No later than ninety (90) days after the beginning of the applicable Performance Period,
the Committee shall establish in writing the Performance Goals, Performance Measures and the
method(s) for computing the amount of compensation which will be payable under the Plan to each
Participant if the Performance Goals established by the Committee are attained; provided however,
that for a Performance Period of less than one year, the Committee shall take any such actions
prior to the lapse of 25% of the Performance Period. In addition to establishing minimum
Performance Goals below which no compensation shall be payable pursuant to an award, the Committee,
in its discretion, may create a performance schedule under which an amount less than or more than
the target award may be paid so long as the Performance Goals have been achieved.

(c) The Committee, in its sole discretion, may also establish such additional restrictions or
conditions that must be satisfied as a condition precedent to the payment of all or a portion of
any awards. Such additional restrictions or conditions need not be performance-based and may
include, among other things, the receipt by a Participant of a specified annual performance rating,
the continued employment by the Participant and/or the achievement of specified performance goals
by the Company, business unit or Participant. Furthermore and notwithstanding any provision of this
Plan to the contrary, the Committee, in its sole discretion, may reduce the amount of any award to
a Participant if it concludes that such reduction is necessary or appropriate based upon: (i) an
evaluation of such Participant’s performance; (ii) comparisons with compensation received by other
similarly situated individuals working within the Company’s industry; (iii) the Company’s financial
results and conditions; or (iv) such other factors or conditions that the Committee deems relevant.
Notwithstanding any provision of this Plan to the contrary, the Committee shall not use its
discretionary authority to increase any award that is intended to be performance-based compensation
under Section 162(m) of the Code.

6. Payment of Individual Incentive Awards

(a) Awards shall be paid as promptly as practicable (but in no event later than 21/2 months
after the close of the fiscal year) after the Company’s certified public accountants have completed
their examination of the Company’s year-end consolidated financial statements and the Committee has
certified in writing the extent to which the applicable Performance Goals and any other material
terms have been achieved. For purposes of this provision, and for so long as the Code permits, the
approved minutes of the Committee meeting in which the certification is made shall be treated as
written certification.

(b) Unless otherwise determined by the Committee, Participants who have terminated employment
with the Company prior to the end of a Performance Period for any reason other than death,
Retirement or Total and Permanent Disability, shall forfeit any and all rights to payment under any
awards then outstanding under the terms of the Plan and shall not be entitled to any cash payment
for such period. Unless otherwise determined by the Committee, if a Participant’s employment with
the Company should terminate during a Performance Period by reason of death, Retirement or Total
and Permanent Disability, the Participant’s award shall be prorated to reflect the period of
service prior to his/her death, Retirement or Total and Permanent Disability, and shall be paid
either to the Participant or, as appropriate, the Participant’s estate, subject to the Committee’s
certification that the applicable Performance Goals and Performance Measures have been met.

(c) The Committee shall determine whether, to what extent, and under what circumstances
amounts payable with respect to an award under the Plan shall be deferred either automatically, or
at the election of the holder thereof, or by the Committee.

7. Amendment or Termination of the Plan

While the Company intends that the Plan shall continue in force from year to year, the Company
reserves the right by action of its Board of Directors, or the Committee, to amend, modify or
terminate the Plan, at any time; provided, however, that no such modification, amendment or
termination shall, without the consent of the Participant, materially adversely affect the rights
of such Participant to any payment that has been determined by the Committee to be due and owing to
the Participant under the Plan but not yet paid.

Notwithstanding the foregoing or any provision of the Plan to the contrary, the Committee may
at any time (without the consent of the Participant) modify, amend or terminate any or all of the
provisions of this Plan to the extent necessary to conform the provisions of the Plan with Section
409A of the Code regardless of whether such modification, amendment, or termination of the Plan
shall adversely affect the rights of a Participant under the Plan.

8. Rights Not Transferable

A Participant’s rights under the Plan may not be assigned, pledged, or otherwise transferred
except, in the event of a Participant’s death, to the Participant’s designated beneficiary, or in
the absence of such a designation, by will or by the laws of descent and distribution.

9. Funding

The Plan is not funded and all awards payable hereunder shall be paid from the general assets
of the Company. No provision contained in this Plan and no action taken pursuant to the provisions
of this Plan shall create a trust of any kind or require the Company to maintain or set aside any
specific funds to pay benefits hereunder. To the extent a Participant acquires a right to receive
payments from the Company under the Plan, such right shall be no greater than the right of any
unsecured general creditor of the Company.

10. Withholdings

The Company shall have the right to withhold from any awards payable under the Plan or other
wages payable to a Participant such amounts sufficient to satisfy federal, state and local tax
withholding obligations arising from or in connection with the Participant’s participation in the
Plan and such other deductions as may be authorized by the Participant or as required by applicable
law.

11. No Employment or Service Rights

Nothing contained in the Plan shall confer upon any Participant any right with respect to
continued employment with the Company (or any of its affiliates) nor shall the Plan interfere in
any way with the right of the Company (or any of its affiliates) to at any time reassign the
Participant to a different job, change the compensation of the Participant or terminate the
Participant’s employment for any reason.

12. Other Compensation Plans

Nothing contained in this Plan shall prevent the Corporation from adopting other or additional
compensation arrangements for employees of the Corporation.

13. Governing Law

The Plan shall be governed by and construed in accordance with the laws of the Commonwealth of
Pennsylvania, without giving effect to its conflict of law provisions.

14. Effective Date

The Plan shall become effective immediately upon the approval and adoption thereof by the Board;
provided, however, that no award intended to qualify as performance-based compensation within the
meaning of Section 162(m) of the Code shall be payable prior to approval of the Plan’s material
terms by the Company’s shareholders.

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