Document:

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                                                              EXHIBIT 10.29

                               MAIL-WELL, INC.
                    2001 LONG-TERM EQUITY INCENTIVE PLAN

                  FORM OF INCENTIVE STOCK OPTION AGREEMENT

     This Incentive Stock Option Agreement ("Option Agreement") is between
Mail-Well, Inc., a Colorado corporation (the "Company"), and ______________
(the "Optionee").
                            W I T N E S S E T H:
                            -------------------

     WHEREAS, the Company has heretofore adopted the Mail-Well, Inc. 2001
Long-Term Equity Incentive Plan (the "Plan") for the purpose of providing
employees and directors of the Company and its Affiliates (as defined in the
Plan) with additional incentive to promote the success of the business, to
increase their proprietary interest in the success of the Company, and to
encourage them to remain in the employ or remain as a director of the
Company and its Affiliates; and

     WHEREAS, the Company, acting through the Compensation Committee of its
Board of Directors (the "Committee"), has determined that its interests will
be advanced by the issuance to Optionee of a nonqualified stock option under
the Plan;

     NOW THEREFORE, for and in consideration of these premises it is agreed
as follows:

     1. Option. Subject to the terms and conditions contained herein, the
        ------
Company hereby irrevocably grants to Optionee the right and option
("Option") to purchase from the Company __________ shares of the Company's
common stock, $0.01 par value ("Common Stock"), at a price at $______ per
share (the "Option Price").

     2. Option Period. The Option herein granted may be exercised by
        -------------
Optionee in whole or in part at any time during a five (5) year period
beginning on June 11, 2001 ("Option Period"), subject to the limitation that
said Option shall not be exercisable for more than a percentage of the
aggregate number of shares offered by this option determined by the number
of full or half years of employment with the Company or its Affiliates from
the effective date of the Optionee's grant, to the date of such exercise, in
accordance with the following schedule:

             Number                     Percentage of
            of Years                  Shares Purchasable
            --------                  ------------------

                1                             20%
                2                             40%
                3                             60%
                4                             80%
                4 1/2                        100%

Notwithstanding the foregoing, if prior to December 1, 2005 the average
closing price for the Company's Common Stock for any period of 20
consecutive trading-days is (i) $7.50 or more

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the Option shall be immediately exercisable as to one-third of the
underlying shares (ii) $10.00 or more the Option shall be immediately
exercisable as to an additional one-third of the underlying shares and (iii)
$12.50 or more the Option shall be immediately exercisable as to the
remaining one-third of the underlying shares. Notwithstanding anything in
this Agreement to the contrary, the Committee, in its sole discretion may
waive the foregoing schedule of vesting and upon written notice to the
Optionee, accelerate the earliest date or date on which any of the Options
granted hereunder are exercisable.

     3. Procedure for Exercise. The Option herein granted may be exercised
        ----------------------
by written notice by Optionee to the Secretary of the Company setting forth
the number of shares of Common Stock with respect to which the Option is to
be exercised accompanied by payment for the shares to be purchased, and
specifying the address to which the certificate for such shares is to be
mailed. Payment shall be by means of cash, or a cashier's check, bank draft,
postal or express money order payable to the order of the Company, or at the
option of the Optionee, in Common Stock theretofore owned by such Optionee
(or a combination of cash and Common Stock). As promptly as practicable
after receipt of such written notification and payment, the Company shall
deliver to Optionee certificates for the number of shares of Common Stock
with respect to which such Option has been so exercised.

     4. Termination of Employment. If Optionee's employment with the Company
        -------------------------
or its Affiliates is terminated during the Option Period for any reason,
Options granted to him which are not exercisable on such date thereupon
terminate. Subject to paragraphs 5 and 10 below, any Options that are
exercisable on the date of his termination of employment which have not been
exercised within ninety (90) days of such termination shall expire and be of
no force or effect.

     5. Disability or Death. If Optionee's employment with the Company or
        -------------------
its Affiliates is terminated by his disability or death, all Options
hereunder exercisable at the date of such disability or death shall be
thereafter exercisable by Optionee, his executor or administrator, or the
person or persons to whom his rights under this Option Agreement shall pass
by will or by the laws of descent and distribution, as the case may be, for
a period of six months from the date of Optionee's disability or death,
unless this Option Agreement should earlier terminate in accordance with its
other terms. In no event may any Option be exercised after the end of the
Option Period. Optionee shall be deemed to be disabled if, in the option of
a physician selected by the Committee, he is incapable of performing
services for the Company by reason of any medically determinable physical or
mental impairment which can be expected to result in death or to be of long,
continued and indefinite duration.

     6. Transferability. This Option shall not be transferable by Optionee
        ---------------
otherwise than by Optionee's will or by the laws of descent and
distribution. During the lifetime of Optionee, the Option shall be
exercisable only by Optionee. Any heir or legatee of Optionee shall take
rights herein granted subject to the terms and conditions hereof. No such
transfer of this Option Agreement to heirs or legatees of Optionee shall be
effective to bind the Company unless the Company shall have been furnished
with written notice thereof and a copy of such evidence as the Committee may
deem necessary to establish the validity of the transfer and the acceptance
by the transferee or transferees of the terms and conditions hereof.

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     7. No Rights as Stockholder. Optionee shall have no rights as a
        ------------------------
stockholder with respect to any shares of Common Stock covered by this
Option Agreement until the date of issuance of a certificate for shares of
Common Stock purchased pursuant to this Option Agreement. Until such time,
Optionee shall not be entitled to dividends or to vote at meetings of the
stockholders of the Company. Except as provided in paragraph 9 hereof, no
adjustment shall be made for dividends (ordinary or extraordinary, whether
in cash or securities or other property) paid or distributions or other
rights granted in respect of any share of Common Stock for which the record
date for such payment, distribution or grant is prior to the date upon which
the Optionee shall have been issued share certificates, as provided
hereinabove.

     8. Extraordinary Corporate Transactions. If the Company recapitalizes
        ------------------------------------
or otherwise changes its capital structure, or merges, consolidates, sells
all of its assets or dissolves (each of the foregoing a "Fundamental
Change"), then thereafter upon any exercise of an option theretofore granted
the Optionee shall be entitled to purchase under such option, in lieu of the
number of shares of Common Stock as to which option shall then be
exercisable, the number and class of shares of stock and securities to which
the Optionee would have been entitled pursuant to the terms of the
Fundamental Change if, immediately prior to such Fundamental Change, the
Optionee had been the holder of record of the number of shares of Common
Stock as to which such option is then exercisable.

     9. Changes in Capital Structure. The existence of outstanding Options
        ----------------------------
shall not affect in any way the right or power of the Company or its
shareholders to make or authorize any or all adjustments, recapitalizations,
reorganizations or other changes in the Company's capital structure or its
business, or any merger or consolidation of the Company, or any issuance of
Common Stock or subscription rights thereto, or any issuance of bonds,
debentures, preferred or prior preference stock ahead of or affecting the
Common Stock or the rights thereof, or the dissolution or liquidation of the
Company, or any sale or transfer of all or any part of its assets or
business, or any other corporate act or proceedings, whether of a similar
character or otherwise. If the outstanding shares of Common Stock of the
Company shall at any time be changed or exchanged by declaration of a stock
dividend, stock split, combination of shares, or recapitalization, the
number and kind of shares subject to the Plan or subject to any Options
theretofore granted, and the Option price and the prices at which portions
of the Option may be exercisable on an accelerated basis as set forth in
Section 2, shall be appropriately and equitably adjusted so as to maintain
the proportionate number of shares without changing the aggregate Option
price.

     10. Change of Control. In the event that there is a proposed Change
         -----------------
of Control Event the Option shall become immediately exercisable
notwithstanding the provisions of Section 2, Optionee hereunder shall be
given reasonable notice of such Change of Control Event and shall have a
period of at least thirty (30) days thereafter to exercise the Options.

     As used herein, the term "Change of Control Event" shall mean the
occurrence with respect to the Company of any of the following events:

     (a) a report on Schedule 13D is filed with the Securities and Exchange
     Commission pursuant to Section 13(d) of the Securities Exchange Act of
     1934, as amended (the

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     "Exchange Act"), disclosing that any person, entity or group (within the
     meaning of Section 13(d) or 14(d) of the Exchange Act), other than (i)
     the Company (or one of its subsidiaries) or (ii) any employee benefit
     plan sponsored by the Company (or one of its subsidiaries), is the
     beneficial owner (as such term is defined in Rule 13d-3 promulgated
     under the Exchange Act), directly or indirectly, of 50% or more of the
     outstanding shares of common stock of the Company or 50% or more of the
     combined voting power of the then outstanding securities of the Company
     (as determined under paragraph (d) of Rule 13d-3 promulgated under the
     Exchange Act, in the case of rights to acquire common stock or other
     securities);

     (b) an event of a nature that would be required to be reported in response
     to Item 1(a) of the Current Report on Form 8-K, as in effect on the
     date hereof, pursuant to Section 13 or 15(d) of the Exchange Act or
     would have been required to be so reported but for the fact that such
     event had been "previously reported" as that term is defined in Rule
     12b-2 promulgated under the Exchange Act;

     (c) any person, entity or group (within the meaning of Section 13(d) or
     14(d) of the Exchange Act), other than (i) the Company (or one of its
     subsidiaries) or (ii) any employee benefit plan sponsored by the
     Company (or one of its subsidiaries), shall become the beneficial owner
     (as such term is defined in Rule 13d-3 promulgated under the Exchange
     Act), directly or indirectly, of 50% or more of the outstanding shares
     of common stock of the Company or 50% or more of the combined voting
     power of the then outstanding securities of the Company (as determined
     under paragraph (d) of Rule 13d-3 promulgated under the Exchange Act,
     in the case of rights to acquire common stock or other securities);

     (d) the stockholders of the Company shall approve any liquidation or
     dissolution of the Company;

     (e) the stockholders of the Company shall approve a merger, consolidation,
     reorganization, recapitalization, exchange offer, acquisition or
     disposition of assets or other transaction after the consummation of
     which any person, entity or group (within the meaning of Section 13(d)
     or 14(d) of the Exchange Act) would become the beneficial owner (as
     such term is defined in Rule 13d-3 promulgated under the Exchange Act),
     directly or indirectly, of 50% or more of the outstanding shares of
     common stock of the Company or 50% or more of the combined voting power
     of the then outstanding securities of the Company (as determined under
     paragraph (d) of Rule 13d-3 promulgated under the Exchange Act, in the
     case of rights to acquire common stock or other securities);

     (f) individuals who constitute the Board on the date hereof ("Incumbent
     Board") cease for any reason to constitute at least a majority thereof,
     provided that any person becoming a director subsequent to the date
     hereof whose election, or nomination for election by the Company's
     stockholders, was approved by a vote of at least two-thirds of the
     directors comprising the remaining members of the Incumbent Board
     (either by a specific vote or by approval of the proxy statement of the
     Company in which such person

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     is named as a nominee for director, without objection to such nomination)
     shall be, for purposes of this clause (f), considered as though such
     person were a member of the Incumbent Board; or

     (g) a recapitalization or other transaction or series of related
     transactions occurs which results in a decrease by 50% or more in the
     aggregate percentage ownership of the then outstanding common stock of
     the Company or 50% or more in the combined voting power of the
     outstanding securities of the Company held by the stockholders of the
     Company immediately prior to giving effect thereto (on a primary basis
     or on a fully diluted basis after giving effect to the exercise of
     stock options and warrants).

     11. Compliance With Securities Laws. Upon the acquisition of any shares
         -------------------------------
pursuant to the exercise of the Option herein granted, Optionee (or any
person acting under paragraph 6) will enter into such written
representations, warranties and agreements as the Company may reasonably
request in order to comply with applicable securities laws or with this
Option Agreement.

     12. Compliance With Laws. Notwithstanding any of the other provisions
         --------------------
hereof, Optionee agrees that he will not exercise the Option(s) granted
hereby, and that the Company will not be obligated to issue any shares
pursuant to this Option Agreement, if the exercise of the Option(s) or the
issuance of such shares of Common Stock would constitute a violation by the
Optionee or by the Company of any provision of any law or regulation of any
governmental authority.

     13. Withholding of Tax. To the extent that the exercise of this Option
         ------------------
or the disposition of shares of Common Stock acquired by exercise of this
Option results in compensation income to the Optionee for federal or state
income tax purposes, the Optionee shall pay to the Company at the time of
such exercise or disposition (or such other time as the law permits if the
Optionee is subject to Section 16(b) of the Securities Exchange Act of 1934,
as amended) such amount of money as the Company may require to meet its
obligation under applicable tax laws or regulations; and, if the Optionee
fails to do so, the Company is authorized to withhold from any cash
remuneration then or thereafter payable to the Optionee, any tax required to
be withheld by reason of such resulting compensation income or Company may
otherwise refuse to issue or transfer any shares otherwise required to be
issued or transferred pursuant to the terms hereof.

     14. Resolution of Disputes. As a condition of the granting of the
         ----------------------
Option hereby, the Optionee and his heirs and successors agree that any
dispute or disagreement which may arise hereunder shall be determined by the
Committee in its sole discretion and judgment, and that any such
determination and any interpretation by the Committee of the terms of this
Option Agreement shall be final and shall be binding and conclusive, for all
purposes, upon the Company, Optionee, his heirs and personal
representatives.

     15. Legends on Certificate. The certificates representing the shares of
         ----------------------
Common Stock purchased by exercise of an Option will be stamped or otherwise
imprinted with legends in such form as the Company or its counsel may
require with respect to any applicable restrictions

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on sale or transfer and the stock transfer records of the Company will
reflect stop-transfer instructions with respect to such shares.

     16. Forfeiture. If Optionee's employment is terminated For Cause (as
         ----------
defined below), or if Optionee shall, upon separation from employment for
any reason, accept employment with, consult for or acquire an ownership
interest in, an envelope manufacturing company, a printing company, (or any
other business which is in direct competition with the Company), doing
business within a 300 mile radius of any Company (or subsidiary) facility in
the U.S., Canada, or any other country where the Company is doing business
at that time, at any time within one (1) year after the date of Optionee's
separation from employment, Optionee agrees that (i) all unexercised Options
shall terminate, (ii) the Company shall have the right to repurchase any or
all shares of Common Stock received upon the exercise of Options and which
were then held by Optionee for an amount equal to the Option Price times the
number of shares of Common Stock so repurchased and (iii) the Optionee shall
pay to the Company the amount by which the proceeds from any sale of the
Common Stock received upon exercise of Options exceeded the Option Price of
such Common Stock sold. "For Cause" shall mean (i) gross disregard of the
Company's best interest, (ii) misappropriation or embezzlement of corporate
funds or other property (iii) conviction of a felony involving moral
turpitude or which in the opinion of the Committee brings Optionee into
disrepute or causes harm to the Company's business, customer relations,
financial condition or prospects, or (iv) violation of any statutory or
common law duty of loyalty to the Company. Nothing herein shall prohibit
Optionee from being a passive owner of not more than 5% of the outstanding
stock of any class of securities of a competitive operation which is
publicly traded, so long as Optionee has no active participation in the
business of such competitive operation.

     17. Notices. Every notice hereunder shall be in writing and shall be
         -------
given by registered or certified mail. All notices of the exercise of any
Option hereunder shall be directed to Mail-Well, Inc. 8310 S. Valley Hwy.,
#400, Englewood, Colorado 80112, Attention: Secretary. Any notice given by
the Company to Optionee directed to him at his address on file with the
Company shall be effective to bind him and any other person who shall
acquire rights hereunder. The Company shall be under no obligation
whatsoever to advise Optionee of the existence, maturity or termination of
any of Optionee's rights hereunder and Optionee shall be deemed to have
familiarized himself with all matters contained herein and in the Plan which
may affect any of Optionee's rights or privileges hereunder.

     18. Construction and Interpretation. Whenever the term "Optionee" is
         -------------------------------
used herein under circumstances applicable to any other person or persons to
whom this award, in accordance with the provisions of paragraph 6 hereof,
may be transferred, the word "Optionee" shall be deemed to include such
person or persons. References to the masculine gender herein also include
the feminine gender for all purposes.

     19. Agreement Subject to Plan. This Option Agreement is subject to the
         -------------------------
Plan. The terms and provisions of the Plan (including any subsequent
amendments thereto) are hereby incorporated herein by reference thereto. In
the event of a conflict between any term or provision contained herein and a
term or provision of the Plan, the applicable terms

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and provisions of the Plan will govern and prevail. All definitions of words
and terms contained in the Plan shall be applicable to this Option
Agreement.

     20. Employment Relationship. Employees shall be considered to be in the
         -----------------------
employment of the Company as long as they remain employees of the Company or
a parent or subsidiary corporation (as defined in Section 424 of the
Internal Revenue Code of 1986, as amended). Any questions as to whether and
when there has been a termination of such employment and the cause of such
termination, shall be determined by the Committee, and its determination
shall be final. Nothing contained herein shall be construed as conferring
upon the Optionee the right to continue in the employ of the Company, nor
shall anything contained herein be construed or interpreted to limit the
"employment at will" relationship between the Optionee and the Company.

     21. Binding Effect. This Option Agreement shall be binding upon and
         --------------
inure to the benefit of any successors to the Company and all persons
lawfully claiming under Optionee.

     IN WITNESS WHEREOF, this Option Agreement has been executed as of the
____ day of June, 2001.

                                MAIL-WELL, INC.

ATTEST:                         By:
                                   ___________________________________

                                     _________________________________

                                Its: _________________________________

_____________________________

_____________________________

_____________________________   OPTIONEE

                                ______________________________________

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                                                            EXHIBIT 10.30

                  FORM OF RESTRICTED STOCK AWARD AGREEMENT

     THIS RESTRICTED STOCK AWARD AGREEMENT dated as of this ____ day of
________, 2001 (the "Agreement"), between Mail-Well, Inc., a Colorado
corporation (the "Company", and together with its direct and indirect
subsidiaries, a "Related Entity") and _______________ (the "Executive").

                                  RECITALS

     WHEREAS, the Company has awarded Executive shares (the "Shares") of the
authorized but unissued common stock, $.01 par value, of the Company (the
"Common Stock") pursuant to the terms of the Mail-Well, Inc. 2001 Long-Term
Equity Incentive Plan (the "Plan"); and

     WHEREAS, the Plan contemplates a written document evidencing the award;

     NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained in this Agreement and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
and intending to be legally bound, the parties agree as follows:

                                  ARTICLE I

                               AWARD OF SHARES

     1.1 Award. Pursuant to the terms of the Plan the Executive is hereby
         -----
awarded ____________ shares of the Company's Common Stock.

     1.2 Delivery of Certificates. Any certificates representing the Shares
         ------------------------
hereunder shall be held in escrow by the Secretary of the Company as
provided in Article IV hereof.

     1.3 Stockholder Right. Until such time as any or all of Executive's
         -----------------
Shares are forfeited pursuant to the terms of this Agreement, if ever, the
Executive (or any successor in interest) shall have all the rights of a
stockholder (including voting rights) with respect to the Shares, including
Shares held in escrow under Article IV, subject, however, to the transfer
restrictions of Article II.

                                 ARTICLE II

                            TRANSFER RESTRICTIONS

     2.1 Restriction on Transfer. The Executive shall not transfer, assign,
         -----------------------
encumber, or otherwise dispose of any Unvested Shares (as defined below) at
any time.

     2.2 Disposition Of Shares. Executive hereby agrees that Executive shall
         ---------------------
make no disposition of the Vested Shares (as defined below) unless and until
Executive:

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     a. shall have notified the Company of the proposed disposition and
     provided a written summary of the terms and conditions of the proposed
     disposition; and

     b. shall have complied with all requirements of this Agreement
     applicable to the disposition of the Shares.

     The Company shall not be required (i) to transfer on its books any
Shares which have been sold or transferred in violation of the provisions of
this Article II, nor (ii) to treat as the owner of the Shares, or otherwise
to accord voting or dividend rights to, any transferee to whom the Shares
have been transferred in contravention of this Agreement. Executive agrees
to pay the Company's reasonable expenses incurred in connection with any
disposition of the Shares.

     2.3 Restrictive Legends. In order to reflect the restrictions on
         -------------------
disposition of the Shares, the stock certificates for the Shares will be
endorsed with the following restrictive legend:

     "THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO, AND MAY BE
TRANSFERRED ONLY IN COMPLIANCE WITH, THAT CERTAIN RESTRICTED STOCK AWARD
AGREEMENT, DATED AS OF _________, 2001, BETWEEN THE COMPANY AND THE HOLDER
OF THESE SECURITIES."

                                 ARTICLE III

                        FORFEITURE OF UNVESTED SHARES

     3.1 Forfeiture. Upon termination of the Executive's employment with a
         ----------
Related Entity, for any reason, all or any portion of the Executive's Shares
in which the Executive has not acquired a vested interest in accordance with
the vesting provisions set forth in Schedule I (such shares to be
hereinafter called the "Unvested Shares") will be forfeited and the
Executive shall have no further rights with respect to such Unvested Shares.

     3.2 Vesting. Unvested Shares shall cease to be Unvested Shares and
         -------
shall cease to be subject to forfeiture, and the Executive shall thereupon
acquire a vested interest therein (such shares to be hereinafter called the
"Vested Shares") as set forth on Schedule I.

     3.3 Additional Shares or Substituted Securities. In the event of any
         -------------------------------------------
stock dividend, stock split, recapitalization or other change affecting the
Company's outstanding Common Stock as a class effected without receipt of
consideration, then any new, substituted, or additional securities or other
property (including money paid other than as a regular cash dividend) which
is by reason of any such transaction distributed with respect to the Shares
(the "Distributed Property") shall be immediately subject to forfeiture as
provided in this Article III, but only to the extent the Shares are at the
time subject to forfeiture. Appropriate adjustments to reflect the
distribution of such Distributed Property shall be made to the number of
Shares hereunder.

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                                 ARTICLE IV

                         ESCROW FOR UNVESTED SHARES

     4.1 Deposit. Upon issuance, the certificates for the Unvested Shares
         -------
shall be deposited in escrow with the Company to be held in accordance with
the provisions of this Article IV. The deposited certificates, together with
any other assets or securities from time to time deposited with the Company
pursuant to the requirements of this Agreement, shall remain in escrow until
such time or times as the certificates (or other assets and securities) are
to be released or otherwise surrendered for cancellation in accordance with
Section 4.3.

     4.2 Recapitalization. Any cash dividends on the Shares (or other
         ----------------
securities at the time held in escrow) shall be paid directly to the
Executive and shall not be held in escrow. However, any Distributed Property
shall be immediately delivered to the Company to be held in escrow under
this Article IV, but only to the extent the Shares are at the time subject
to the escrow requirements of Section 4.1.

     4.3 Release/Surrender. The Shares, together with the Distributed
         -----------------
Property and any other assets or securities held in escrow hereunder, shall
be subject to the following terms and conditions relating to their release
from escrow or their surrender to the Company for repurchase and
cancellation:

         (i) Should the Executive's Unvested Shares be forfeited as provided
     in Section 3.1 hereof, then the escrowed certificates for such Unvested
     Shares (together with any other assets or securities issued with
     respect thereto) shall be delivered to the Company for cancellation,
     and the Executive shall cease to have any further rights or claims with
     respect to such Unvested Shares (or other assets or securities).

         (ii) As the interest of the Executive in Shares (or any other
     assets or securities issued with respect thereto) vests in accordance
     with the provisions of Schedule I, the certificates for such Vested
     Shares (as well as all other vested assets and securities) shall be
     released promptly from escrow and delivered to the Executive.

                                  ARTICLE V

                            SPECIAL TAX ELECTION

     5.1 Section 83(b) Election. The Executive understands that under
         ----------------------
Section 83 of the Internal Revenue Code of 1986, as amended (the "Code"),
the fair market value of the Shares on the date any forfeiture restrictions
applicable to such Shares lapse will be reportable as ordinary income to the
Executive in the tax year in which such restrictions lapse. For this
purpose, the term "forfeiture restrictions" includes the automatic
forfeiture of Unvested Shares as provided in Section 3.1 hereof. The
Executive understands, however, that he may elect to be taxed at the time
the Shares are acquired hereunder, rather than when and as such Shares cease
to be subject to such forfeiture restrictions, by filing an irrevocable
election under Section 83(b) of the Code with the Internal Revenue Service
within thirty (30) days after the date of this Agreement. If this

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irrevocable election is made, the Executive will be taxed on the fair market
value of the Shares as of the date of this Agreement (determined without
taking into account any forfeiture restrictions). The form for making this
irrevocable election is attached as Exhibit A hereto. In the event that the
Executive makes this irrevocable election, and the Executive's Unvested
Shares are forfeited pursuant to Section 3.1 hereof, the Executive will not
be entitled to deduct the income, if any, previously recognized as income
with respect to those shares as a result of the election. The Executive
understands that failure to make this filing within the thirty (30) day
period will result in the recognition of ordinary income by the Executive as
the forfeiture restrictions lapse. THE EXECUTIVE ACKNOWLEDGES THAT IT IS
EXECUTIVE'S SOLE RESPONSIBILITY, AND NOT THE COMPANY'S, TO FILE A TIMELY
ELECTION UNDER SECTION 83(b), EVEN IF EXECUTIVE REQUESTS THE COMPANY OR ITS
REPRESENTATIVES TO MAKE THIS FILING ON SUCH EXECUTIVE'S BEHALF.

     This summary is necessarily incomplete, and the tax laws and
regulations are subject to change. The Executive should consult a tax
advisor before making an election under Section 83(b).

                                 ARTICLE VI

                             GENERAL PROVISIONS

     6.1 No Employment or Service Contract. Nothing in this Agreement shall
         ---------------------------------
confer upon the Executive any right to employment with the Company or a
Related Entity.

     6.2 Notices. All notices, requests, demands, and other communications
         -------
under this Agreement shall be in writing and shall be deemed to have been
duly given on the date of service if served personally on the party to whom
notice is to be given, on the date of transmittal of service via telecopy to
the party to whom notice is to be given (with a confirming copy being
delivered within 24 hours thereafter), or on the third day after mailing if
mailed to the party to whom notice is to be given, by first class mail,
registered or certified, postage prepaid, or via overnight courier providing
a receipt and properly addressed. Notices to the Company shall be addressed
to Mail-Well, Inc., 8310 S. Valley Highway, #400, Englewood, Colorado 80112.
Attention: Secretary. Notices to Executive shall be sent to the latest
address of Executive shown on the records of the Company. Any party may
change its address for purposes of this Section by giving notice of the new
address to each of the other parties in the manner set forth above.

     6.3 No Waiver. No waiver of any breach or condition of this Agreement
         ---------
shall be deemed to be a waiver of any other or subsequent breach or
condition, whether of like or different nature.

     6.4 Governing Law. This Agreement shall be governed by and construed in
         -------------
accordance with the laws of the State of Colorado for all purposes and in
all respects, without giving effect to the conflict of law provisions
thereof.

     6.5 Counterparts. This Agreement may be executed in any number of
         ------------
counterparts, each of which shall be deemed to be an original and
enforceable against the parties actually

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executing such counterparts, but all of which together shall constitute one
and the same instrument.

     6.6 Successors and Assigns. The provisions of this Agreement shall
         ----------------------
inure to the benefit of, and be binding upon, the Company and its successors
and assigns and the Executive and the Executive's legal representatives,
heirs, legatees, distributees, assigns and transferees by operation of law,
whether or not any such person shall have become a party to this Agreement
and have agreed in writing to join herein and be bound by the terms and
conditions hereof.

     6.7 Integration; Amendment. This Agreement, the Plan and the other
         ----------------------
documents delivered pursuant hereto constitute the full and entire
understanding and agreement among the parties with regard to the subjects
hereof and thereof, and supersede any previous agreement or understanding
between or among the parties with respect to such subjects. No party shall
be liable or bound to any other party in any manner by any warranties,
representations or covenants except as specifically set forth herein or
therein. Except as expressly provided herein neither this Agreement nor any
term hereof may be amended, waived, discharged or terminated other than by a
written instrument signed by the party against whom enforcement of any such
amendment, waiver, discharge or termination is sought.

     6.8 Severability. In the event that any provision of this Agreement
         ------------
becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, this Agreement shall continue in full force and
effect without said provision; provided that no such severability shall be
effective if it materially changes the economic benefit of this Agreement to
any party.

     6.9 Titles and Subtitles. The titles and subtitles used in this
         --------------------
Agreement are used for convenience only and are not considered in construing
or interpreting this Agreement.

     IN WITNESS WHEREOF, the parties have executed this Agreement on the day
and year first indicated above.

                                     MAIL-WELL, INC.

                                     By:____________________________________

                                     Name:  ________________________________

                                     Title: ________________________________

                                     EXECUTIVE:

                                     Signature:_____________________________

                                     Name:  ________________________________

<PAGE>
<PAGE>

                                 SCHEDULE I

                                   VESTING

     The forfeiture provisions in Section 3.1 shall automatically terminate
with respect to the Shares and such Unvested Shares shall become Vested
Shares according to the following schedule (the "Ordinary Vesting
Schedule"):

           Anniversary             Percentage of
        of this Agreement          Shares Vested
        -----------------          -------------

              Fifth                     50%
              Sixth                     50%

     Provided, however, that Unvested Shares shall vest immediately in the
following amounts if the average closing price for the Company's Common
Stock for any period of 20 consecutive trading days equal or exceeds the
corresponding amounts shown below (the "Accelerated Vesting Schedule"):

             Average               Percentage of
          Closing Price            Shares Vested
          -------------            -------------

              $8.00                    33.3%
             $11.00                    33.3%
             $14.00                    33.4%

     If any vesting criterion under the Accelerated Vesting Schedule is
attained after vesting under the Ordinary Vesting Schedule has commenced, or
vice-versa, the two schedules shall work in tandem such that if a vesting
criterion is attained that calls for a higher percentage of total vesting
than that called for by the next-most-recently attained vesting criterion,
Unvested Shares shall vest in the amount necessary to satisfy the total
vesting called for by the most-recently attained vesting criterion. This
method is illustrated as follows: (a) If the Common Stock reaches and
maintains an $11.00 price for 20 consecutive trading days between the fifth
and sixth anniversaries of the date of this Agreement, an additional 16.6%
of the total grant will vest; (b) If the Common Stock reaches and maintains
an $8.00 price for 20 consecutive trading days during the month immediately
prior to the fifth anniversary of the date of this Agreement, then 33.3% of
the total grant will vest at that time, and an additional 16.7% of the total
grant will vest at the fifth anniversary; and (c) If the Common Stock
reaches and maintains an $11.00 price for 20 consecutive trading days during
the month immediately prior to the fifth anniversary of the date of this
Agreement, then 66.6% of the total grant will have vested at that time, and
no additional amount will vest at the fifth anniversary.

     Notwithstanding the foregoing, all Unvested Shares shall vest upon a
Change of Control Event.

<PAGE>
<PAGE>

     As used herein, the term "Change of Control Event" shall mean the
occurrence with respect to the Company of any of the following events:

     (a) a report on Schedule 13D is filed with the Securities and Exchange
     Commission pursuant to Section 13(d) of the Securities Exchange Act of
     1934, as amended (the "Exchange Act"), disclosing that any person,
     entity or group (within the meaning of Section 13(d) or 14(d) of the
     Exchange Act), other than (i) a Related Entity or (ii) any employee
     benefit plan sponsored by a Related Entity, is the beneficial owner (as
     such term is defined in Rule 13d-3 promulgated under the Exchange Act),
     directly or indirectly, of 50% or more of the outstanding shares of
     common stock of the Company or 50% or more of the combined voting power
     of the then outstanding securities of the Company (as determined under
     paragraph (d) of Rule 13d-3 promulgated under the Exchange Act, in the
     case of rights to acquire common stock or other securities);

     (b) an event of a nature that would be required to be reported in
     response to Item 1(a) of the Current Report on Form 8-K, as in effect
     on the date hereof, pursuant to Section 13 or 15(d) of the Exchange Act
     or would have been required to be so reported but for the fact that
     such event had been "previously reported" as that term is defined in
     Rule 12b-2 promulgated under the Exchange Act;

     (c) any person, entity or group (within the meaning of Section 13(d) or
     14(d) of the Exchange Act), other than (i) a Related Entity or (ii) any
     employee benefit plan sponsored by a Related Entity, shall become the
     beneficial owner (as such term is defined in Rule 13d-3 promulgated
     under the Exchange Act), directly or indirectly, of 50% or more of the
     outstanding shares of common stock of the Company or 50% or more of the
     combined voting power of the then outstanding securities of the Company
     (as determined under paragraph (d) of Rule 13d-3 promulgated under the
     Exchange Act, in the case of rights to acquire common stock or other
     securities);

     (d) the stockholders of the Company shall approve any liquidation or
     dissolution of the Company;

     (e) the stockholders of the Company shall approve a merger,
     consolidation, reorganization, recapitalization, exchange offer,
     acquisition or disposition of assets or other transaction after the
     consummation of which any person, entity or group (within the meaning
     of Section 13(d) or 14(d) of the Exchange Act) would become the
     beneficial owner (as such term is defined in Rule 13d-3 promulgated
     under the Exchange Act), directly or indirectly, of 50% or more of the
     outstanding shares of common stock of the Company or 50% or more of the
     combined voting power of the then outstanding securities of the Company
     (as determined under paragraph (d) of Rule 13d-3 promulgated under the
     Exchange Act, in the case of rights to acquire common stock or other
     securities);

     (f) individuals who constitute the Board on the date hereof ("Incumbent
     Board") cease for any reason to constitute at least a majority thereof,
     provided that any person becoming a director subsequent to the date
     hereof whose election, or nomination for

<PAGE>
<PAGE>

     election by the Company's stockholders, was approved by a vote of at least
     two-thirds of the directors comprising the remaining members of the
     Incumbent Board (either by a specific vote or by approval of the proxy
     statement of the Company in which such person is named as a nominee for
     director, without objection to such nomination) shall be, for purposes
     of this clause (f), considered as though such person were a member of
     the Incumbent Board; or

     A recapitalization or other transaction or series of related
transactions occurs which results in a decrease by 50% or more in the
aggregate percentage ownership of the then outstanding common stock of the
Company or 50% or more in the combined voting power of the outstanding
securities of the Company held by the stockholders of the Company
immediately prior to giving effect thereto (on a primary basis or on a fully
diluted basis after giving effect to the exercise of stock options and
warrants).

                    MODIFICATIONS TO PERFORMANCE CRITERIA

     The Company or by the Board of Directors of Mail-Well or the committee
of its Board of Directors responsible for administering the Plan (the
"Committee") shall have the authority to amend, modify or adjust the
performance or financial target criteria set forth above, in its sole
discretion, in recognition of any unusual or non-recurring events affecting
the Company, its subsidiaries or affiliates or their respective financial
statements to prevent the dilution or enlargement of the Participant's
rights awarded hereunder. Such unusual or non-recurring events include,
without limitations, the events described in Section 4.2 of the Plan, a
significant sale or disposal of any division or significant portion of the
assets of the Company, its subsidiaries or affiliates, and changes in
applicable laws, regulations or accounting principles to the extent any such
events affect the performance or financial target criteria set forth herein.
Any such amendment, modification or adjustment by the Committee shall be
final and conclusive for all purposes under this Agreement; provided,
however, that the Committee shall have determined that such amendment,
modification or adjustment is consistent with the provisions of Section 14
of the Plan.

                            ROUNDING CONVENTIONS

     For purposes of calculating any Share amounts pursuant to the foregoing
formula, the applicable number of Shares shall be rounded to the nearest
whole number.

<PAGE>
<PAGE>

                                  EXHIBIT A

                         SECTION 83(B) TAX ELECTION

     This statement is being made under Section 83(b) of the Internal
Revenue Code, pursuant to Treas. Reg. Section 1.83-2.

     (1) The taxpayer who performed the services is:

     Name:

     Address:

     Taxpayer Social Security No.:

     Taxable Year: Calendar Year 2001

     (2) The property with respect to which the election is being made is
_______ shares of the common stock, par value $.0l per share, of Mail-Well,
Inc. (the "Unvested Shares").

     (3) The Unvested Shares were granted on ________, 2001.

     (4) The Unvested Shares are subject to forfeiture if for any reason
taxpayer's services with the issuer are terminated. The forfeiture
restriction lapses in a series of installments.

     (5) The fair market value at the time of transfer (determined without
regard to any restriction other than a restriction which by its terms will
never lapse) is $_____ per share.

     (6) The amount paid for such Unvested Shares is $0.00 per share.

     (7) A copy of this statement was furnished to Mail-Well, Inc. for whom
taxpayer rendered the services underlying the transfer of the Unvested
Shares.

     (8) This statement is executed as of __________, 2001.

     Spouse (if any) Taxpayer

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