Document:

Exhibit
10.1(b)

Schedule of Purchasers

	
   

  	
  Name of Purchaser

  	
   

  	
   

  	
  Number of Series M Preferred

  Shares Purchased

  	
   

  	
  Purchase Price

  	
   

  
	
  Greg Gard

  	
   

  	
  55

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  Robert Maltarich

  	
   

  	
  110

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  James Kaboski

  	
   

  	
  220

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  Stephen Auburn

  	
   

  	
  220

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  Andrew McLean

  	
   

  	
  220

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  Fred Wampnar

  	
   

  	
  220

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  Joseph Kwederis

  	
   

  	
  310

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  James Kingsley

  	
   

  	
  440

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  Kenneth Swanson

  	
   

  	
  440

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  Robert Corey

  	
   

  	
  765

  	
   

  	
  $

  	
  20.00/share

  	
   

  
	
  Harold Bevis

  	
   

  	
  5,000

  	
   

  	
  $

  	
  20.00/shareExhibit
10.2(a)

PLIANT CORPORATION

2006 RESTRICTED STOCK INCENTIVE PLAN

FORM OF RESTRICTED STOCK AGREEMENT

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”)
is dated as of April 17, 2007 between Pliant Corporation, a Delaware
corporation (the “Corporation”) and ______________ (the “Executive”).

W I T N E S S E T H

WHEREAS, pursuant to
the Pliant Corporation 2006 Restricted Stock Incentive Plan (as amended,
supplemented or otherwise modified from time to time, the “Plan”), the
Corporation has granted to the Executive effective as of the date hereof (the “Award
Date”), a right to participate in the Plan, upon the terms and conditions
set forth herein and in the Plan.

NOW THEREFORE, in consideration of
services rendered and to be rendered by the Executive, and the mutual promises
made herein and the mutual benefits to be derived therefrom, the parties agree
as follows:

21.          Defined Terms. 
Capitalized terms used herein and not otherwise defined herein shall
have the meaning assigned to such terms in the Plan and, if not defined
therein, in the Corporation’s Amended and Restated Articles of Incorporation
(as amended, supplemented or otherwise modified from time to time, the “Charter”).

22.          Issuance and Sale of
Restricted Stock.  Subject to the terms of this Agreement and in
reliance upon the representations and warranties, covenants and agreements
contained herein, the Corporation hereby issues and sells to the Executive, and
the Executive hereby purchases from the Corporation, an aggregate of _____
shares of Series M Preferred Stock, par value $.01 per share of the Corporation
(the “Restricted Stock”) on the date hereof at a per share purchase
price equal to $20.00 (as hereafter ratably adjusted on account of any stock
dividend, stock combination, stock split or similar recapitalization with
respect to the outstanding shares of Series M Preferred Stock, the “Purchase
Price”).  The parties agree that the
fair value of one share of Restricted Stock on the date hereof is $103.00.

23.          Closing. 
The closing of the transactions contemplated hereby (the “Closing”)
will take place simultaneously with the execution and delivery of this
Agreement.  The Closing shall take place
at the Corporation’s executive offices in Schaumburg, Illinois.

24.          Deliveries
at the Closing.  At the Closing, the Executive shall deliver a
check for the aggregate Purchase Price for all shares of Restricted Stock to
the Corporation.  Not more than ten (10)
business days after the Closing, the Corporation shall deliver to the Executive
a stock certificate (the “Original Certificate”) representing the
Restricted Stock registered in the name of the Executive in the stock register
of the Corporation.

25.          Representations
and Warranties.

(a)           Executive Representations and
Warranties.  In connection with the acquisition
of the Restricted Stock hereunder, the Executive  hereby represents and warrants to the
Corporation as of the date of this Agreement that:

(i)            the
Executive has the full authority to execute and deliver this Agreement and to
consummate the transactions contemplated hereby, and the execution, delivery
and performance by him of this Agreement and the consummation of the
transactions contemplated hereby have been duly authorized by all necessary
action;

(ii)           this
Agreement has been duly and validly executed and delivered by the Executive and
this Agreement constitutes a legal and binding obligation of the Executive,
enforceable against the Executive in accordance with its terms and the
execution, delivery and performance of this Agreement by the Executive does not
and will not conflict with, violate or cause a breach of any agreement,
contract or instrument to which the Executive is a party or any judgment, order
or decree to which the Executive is subject;

(iii)          the
Executive understands that the Restricted Stock has been issued pursuant to the
Plan and is bound by the terms and conditions contained in this Agreement as
well as the Plan and the Executive will not transfer the Restricted Stock
acquired by him hereunder, except in compliance with this Agreement and the
Plan;

(iv)          the
Executive is acquiring the Restricted Stock for his own account, for investment
only and not with a view to, or an intention of, the distribution thereof  in violation of the Securities Act of 1933,
as amended or any successor federal law in effect from time to time (the “Securities
Act”);

(v)           the
Executive has no need for liquidity in his investment in the Restricted Stock
and is able to bear the economic risk of his investment in the Restricted Stock
for an indefinite period of time and understands that the Restricted Stock has
not been registered or qualified under the Securities Act or any applicable
state securities laws, by reason of the issuance of the Restricted Stock in a
transaction exempt from registration and qualification requirements of the
Securities Act or such state securities laws and, therefore, cannot be sold
unless subsequently registered or qualified under the Securities Act or such
state securities laws or an exemption from registration or qualification is
available;

(vi)          the
Executive has been represented by counsel and/or advisors in connection with
the execution and delivery of this Agreement and has had an opportunity to ask
questions and receive answers concerning the terms and conditions of the offering
of the Restricted Stock and the fair value of the Restricted Stock and has had
full access to or been provided with all such other information concerning the
Corporation as he has requested;

 2
 

(vii)         the
Executive has reviewed, or has had an opportunity to review, a copy of the Plan
(including all schedules and exhibits referenced therein);

(viii)        the
Executive is an officer of the Corporation, and has generally such knowledge
and experience in financial and business matters and with respect to investments
in securities of privately held companies such that the Executive is capable of
evaluating the risks and merits of his investment in the Restricted Stock;

(ix)           the
Executive further understands that this Agreement is made with the Executive in
reliance upon his representations to the Corporation contained in this Section
5.

(b)           Corporation Representations and
Warranties.  In connection with the
issuance and sale by the Corporation to the Executive of the Restricted Stock,
the Corporation represents and warrants that:

(i)            it
is a corporation duly organized, validly existing and in good standing under
the laws of the jurisdiction of its incorporation, it has full corporate power
and authority to execute, deliver and perform this Agreement  and to consummate the transactions
contemplated hereby, and the execution, delivery and performance by it of this
Agreement and the consummation of the transactions contemplated hereby have
been duly authorized by all necessary corporate action;

(ii)           the Corporation has all requisite power and
authority to execute and deliver this Agreement and any and all instruments
necessary or appropriate in order to effectuate fully the terms and conditions
of this Agreement, and the transactions contemplated thereby.  This Agreement has been duly authorized by
all necessary action on the part of the Corporation, has been duly executed and
delivered by the Corporation  and
constitutes the valid and legally binding obligation of the Corporation, enforceable
in accordance with its terms and conditions, subject, as to enforcement, to
bankruptcy, insolvency, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights and to general equity
principles;

(iii)          the authorization, issuance, sale and delivery of the
Restricted Stock, when issued in accordance with this Agreement, will be duly
authorized by all requisite action of the Corporation’s Board of
Directors.  The Restricted Stock, when
issued in accordance with this Agreement, will be validly issued and
outstanding, fully paid and nonassessable, with no personal liability attaching
to the ownership thereof, free and clear of any liens and restrictions created
by or through the Corporation whatsoever other than those contained in the Plan
and this Agreement;

 3
 

26.          Vesting of Restricted Shares.

(a)           On each of the 36 monthly
anniversaries of the Vesting Commencement Date (as defined below) (each a “Vesting
Date”), 1/36th of the Restricted Stock shall vest, provided that the
Executive continues to be employed by the Corporation as of each such Vesting
Date.  For the purposes hereof, the
Vesting Commencement Date shall mean July 18, 2006.

(b)           Upon the consummation of a (i)
Liquidation Event, (ii) a Qualified Public Offering, or (iii) the redemption by
the Corporation of 80% or more of the aggregate number of shares of the
Corporation’s Series AA Redeemable Preferred Stock, par value $.01 per share (“Series
AA Preferred Stock”) outstanding at any time (a “Series AA Redemption”,
and collectively with a Liquidation Event and a Qualified Public Offering, an “Acceleration
Event”), provided that, in each case, the Executive continues to be
employed by the Corporation following the date hereof to the date of the
consummation of such Acceleration Event, all Restricted Stock held by the
Executive, which shall then be Unvested Stock, shall automatically vest as of
the date of the consummation of the Acceleration Event.

(c)           Shares of Restricted Stock which have
become vested hereunder are referred to herein as “Vested Stock” and all
other shares of Restricted Stock are referred to herein as “Unvested Stock.”  Shares of Restricted Stock that are Unvested
Stock do not have any rights conferred upon the Restricted Stock under the
Charter, including without limitation, the right to receive any payment or
other consideration and conversion or redemption rights thereunder, until such
time as they became Vested Stock in accordance with this Agreement and the
Executive hereby waives all of the rights in respect thereof; provided,
however, that so long as the Executive continues to be employed by the
Corporation, the Executive shall be entitled to exercise the voting rights with
respect to the Vested Stock and the Unvested Stock.  The Executive hereby agrees that to the extent
that he shall have received any payment or other consideration relating to, or
in respect of, the Unvested Stock, the Executive shall be deemed to receive
such payment or other consideration as agent for the Corporation and shall
immediately upon receipt of such payment or other consideration deliver such
payment or other consideration to the Corporation.

(d)           To the extent that any dividends
would be payable with respect to any Restricted Stock which is Unvested Stock
if such Unvested Stock were Vested Stock at the time of such dividend, such
dividends which would have been payable with respect to such Unvested Stock
were it Vested Stock shall be held in trust by the Corporation, and shall be
paid with respect to such shares of Unvested Stock at such time, but only in
the event that, such shares of Unvested Stock become Vested Stock.  At such time as such shares of Unvested Stock
become subject to repurchase by the Corporation pursuant to Section 8(a)
hereof, such dividends shall be forfeited and no longer payable under any
circumstances.

27.          Termination
of Employment in Connection with a Liquidation Event.

(a)           If
the Executive’s employment with the Corporation is terminated pursuant to a
Termination Without Cause or a Resignation for Good Reason (as such terms are
defined below) and an Acceleration Event is consummated within 90 days
following the 

 4
 

Termination Date (as such term is defined below), then all Restricted
Stock held by the Executive which shall then be Unvested Stock shall
automatically vest as of the date of the consummation of such Acceleration
Event.

(b)           If the Executive’s employment with
the Corporation is terminated as a result of the Executive’s death or
Disability (as such term is defined below) and an Acceleration Event is
consummated within 90 days following such Termination Date (as such term is
defined below), then all Restricted Stock held by the Executive which shall
then be Unvested Stock shall automatically vest as of the date of the
consummation of such Acceleration Event.

28.          Effect
of Termination of Employment; Repurchase of Unvested Stock.

(a)           Repurchase of Unvested Stock.  The Executive’s shares of Unvested Stock, to
the extent such shares have not become Vested Stock upon the Termination Date
(as such term is defined below), may, at any time, and from time to time on or
after the Termination Date, at the Corporation’s option, be repurchased by the
Corporation at a price per share equal to the Purchase Price.  The Corporation, at its option, may assign or
transfer such repurchase right to any affiliate or assignee of the
Corporation.  On and after the
Termination Date (as such term is defined below), the Executive shall have no
rights in, and hereby forfeits any and all rights the Executive may have with
respect to, the Unvested Stock (except pursuant to Section 7 if such Unvested
Stock shall become Vested Stock in accordance therewith) if any, and hereby
assigns, transfers and grants a lien and security interest to the Corporation
in the Unvested Stock and any rights he may have with respect thereto.  In order to preserve the Executive’s right to
accelerated vesting of the Unvested Stock in accordance with Section 7, if the
Executive’s employment with the Corporation is terminated (i) pursuant to a
Termination Without Cause or a Resignation for Good Reason (as such terms are
defined below), the Corporation shall not repurchase the Executive’s shares of
Unvested Stock until ninety days following the Termination Date (as such term
is defined below), or (ii) pursuant to a termination as a result of a death or
Disability (as such term is defined below), the Corporation shall not
repurchase the Executive’s shares of Unvested Stock until 90 days following the
Termination Date (as such term is defined below), provided that, in each case,
such Unvested Stock shall never become Vested Stock except in accordance with
Section 7.

(b)           Treatment of Vested Stock.  At any time prior to the occurrence of an
Acceleration Event but after (x) ninety days after Executive’s Termination Date
in the case of a pursuant to a Termination Without Cause or a Resignation for
Good Reason (as such terms are defined below) or after Executive’s death or
Disability or (y) the Termination Date in any other circumstances the
Corporation shall have the right to repurchase all or any portion of Executive’s
Vested Stock for a price pre share equal to the Fair Market Value per share (as
defined below) as of (x) the Termination Date or (y) if such right to
repurchase is exercised more than one hundred and eighty days after the
Termination, as of the date of such exercise (the “Determination Date”);
provided, however, that if Executive’s termination was by the Corporation with
Cause (as defined below) the purchase price shall be the lower of the Purchase
Price and Fair Market Value as of the Determination Date.  This right to repurchase shall be exercised
by delivery of written notice of exercise by the Corporation to the Executive,
which notice (the “Buy-Back Notice”) shall specify (i) the date on which
such repurchase is to occur (which in no event shall be less than thirty days
after the date of such notice), (ii) the number of shares of Vested Stock and
(iii) 

 5
 

the Fair Market Value
(including whether such Fair Market Value was determined by an independent
appraisal firm, and if so, the date of such appraisal).

(i)            For
the purposes hereof, Fair Market Value shall equal the fair market value of a
share of Series M Preferred Stock, as determined in good faith by the Board in
a manner consistent with the manner in which fair market value was determined
in connection with the grant and issuance of the Series M Preferred Stock;
provided, however, that in the event that such value was not determined based
upon an appraisal conducted by an independent appraisal firm not more than six
months prior to or after the Determination Date, then the Executive may
require, by delivering written notice to the Corporation no more than ten (10)
days after delivery of the Buy-Back Notice, that such an appraisal be conducted
by an independent appraisal firm selected by the Board to definitively
determine Fair Market Value.

(ii)           The
purchase price for any Vested Shares purchased pursuant to this 8(b) shall be
paid in cash or, provided that, either (x) the Executive’s employment was
terminated by Executive and was not a Resignation for Good Reason or as a
result of his or her death or Disability and/or (y) such termination occurred
while Harold Beavis is Chief Executive Officer of the Corporation (regardless
of the circumstances), then the Corporation may elect to pay 20% of the
aggregate purchase price in cash, with the remainder to be paid in ten equal
annual installments over a ten year period after the date of the repurchase;
provided, that any unpaid amounts shall be paid in full upon the occurrence of
an Acceleration Event.

(c)           Stock Certificates.  Immediately following the Termination Date
(as such term is defined below) and upon delivery of the Original Certificate
to the Corporation by the Executive, the Corporation shall, in exchange for the
Original Stock Certificate, deliver to the Executive, (i) a stock certificate
(the “Vested Stock Certificate”) representing the number of shares of
Vested Stock held by the Executive as of the Termination Date (as such term is
defined below) and (ii) a stock certificate (the “Unvested Stock Certificate”)
representing the number of shares of Unvested Stock held by the Executive as of
the Termination Date (as such term is defined below).  In the event that such shares of Unvested
Stock become Vested Stock pursuant to Section 7 above, the Corporation shall,
in exchange for the Unvested Stock Certificate, deliver to the Executive either
a stock certificate representing such shares of Vested Stock or the Mandatory
Redemption Price for such shares, as the case may be.   In addition to any other legends placed upon
the certificates representing Restricted Stock, certificates representing
Restricted Stock shall have the following legend:

“THE
SHARES OF STOCK EVIDENCED HEREBY ARE RESTRICTED STOCK AS DEFINED IN THE
RESTRICTED STOCK AGREEMENT DATED AS OF APRIL 17, 2007, BETWEEN THE CORPORATION
AND THE EXECUTIVE NAMED THEREIN (THE “RESTRICTED STOCK AGREEMENT”) AND, EXCEPT
TO THE EXTENT PROVIDED IN SUCH RESTRICTED STOCK AGREEMENT, THE HOLDER OF SUCH
SHARES IS NOT ENTITLED TO ANY INTEREST OR RIGHTS PROVIDED THEREIN UNTIL SUCH
TIME AS THEY BECOME VESTED STOCK IN ACCORDANCE WITH THE RESTRICTED 

 6
 

STOCK
AGREEMENT”

(d)           In the event that any capital stock
is to be repurchased pursuant to this Section 8 or in order to effectuate the
Drag Along Rights contained in the Plan, the Executive and his successors,
assigns or representatives shall take (at the Corporation’s expense) all steps
necessary and desirable to obtain all required third-party, governmental and
regulatory consents and approvals and take all other actions necessary and
desirable to facilitate the consummation of such repurchases or such Drag Along
Rights, as the case may be, in a timely manner. 
The Executive shall promptly return to the Corporation share
certificates representing shares of the capital stock repurchased pursuant to
this Section 8.

(e)           For the purposes of this Agreement,
the following terms shall have the meanings, provided herein:

(vi)          “Cause” shall mean:

(A)          the Executive’s commission of a crime involving his or her
fraud, theft or dishonesty or engagement in willful or wrongful activities that
are materially detrimental to the Corporation;

(B)           the material and willful breach by the Executive of his or
her responsibilities as an employee of the Corporation or willful failure to
comply with reasonable directives or policies of the Corporation, the Board,
the Chief Executive Officer or his designees, but only if the Corporation has
given Executive written notice specifying the breach or failure to comply, demanding
that the Executive remedy the breach or failure to comply and the Executive (1)
failed to remedy the alleged breach or failed to comply within thirty days
after receipt of the written notice and (2) failed to take all reasonable steps
to that end during the thirty days after he received the notice.

(C)           the continued use of alcohol or drugs by the Executive to
an extent that such use interferes with the performance of the Executive’s
duties and responsibilities.

Notwithstanding the foregoing, the term “Cause” shall not
include any one or more of the following: (i) bad management decision-making by
the Executive or (ii) any act or omission reasonably believed by the Executive
in good faith to have been in and not opposed to the best interests of the
Corporation (without intent of the Executive to gain, directly or indirectly, a
profit to which the Executive was not legally entitled) and reasonably believed
by the Executive not to have been improper or unlawful.

(vii)         “Disability” means any medically determinable
physical or mental impairment that has lasted, or is reasonably expected to
last, for a period of at least six (6) months, can reasonably be expected to be
permanent or of indefinite duration, and renders the Executive unable to
perform his duties hereunder, as certified by a physician jointly selected by
the Corporation and the Executive or the Executive’s legal representative.

 7
 

(viii)        “Resignation for Good Reason”
shall mean Executive’s termination of his or her employment with the
Corporation and its Subsidiaries in response to any of the following events:

(A)          the assignment to the Executive of any material duty
materially inconsistent with the Executive’s position (including status,
offices, titles and reporting requirements), authority, duties or responsibilities;

(B)           any reduction in the Executive’s base salary or bonus
compensation (other than any decrease in bonus compensation as a result of a
failure to achieve reasonable performance targets which are consistent with
past performance targets applied in connection with determining bonus
compensation); or

(C)           the Corporation requires the Executive to, or assigns
duties to the Executive which would reasonably require him to, relocate his
principal business office more than forty (40) miles from where it is located
on the date hereof;

provided, however that an event described above will not constitute “Good
Reason” unless (1) such event occurs without the Executive’s express written
consent, (2) the Executive delivers a written notice to the Corporation of the
occurrence of any such event not more than ninety (90) days following the
occurrence of such events, and (3) the Corporation fails to cure or remedy such
event within thirty days (the “Cure Period”) after receiving written
notice thereof from the Executive.  The
failure by the Executive to terminate his or her employment with the
Corporation and its subsidiaries within thirty days after the end of the Cure
Period in respect of an event otherwise qualifying as Good Reason will preclude
the Executive from invoking such event as the basis for Good Reason.

(ix)           “Termination Date” shall mean the effective date of
the termination of Executive’s employment with the Corporation.

(x)            “Termination Without Cause” occurs if the
Corporation terminates the Executive’s employment for reasons that do not
constitute Cause and other than as the result of his death or Disability.

29.          Conversion
Upon a Qualified Public Offering.  In the event
an automatic conversion of the Restricted Stock occurs upon a Qualified Public
Offering pursuant to the Charter, the Executive shall take the same necessary
and desirable actions in connection with the consummation of the Qualified
Public Offering as the other stockholders are required to take in connection
therewith, including without limitation, the execution and delivery of any
underwriting, custody, lock-up or similar agreements.

30.          Stock
Certificates.

 8
 

(a)           Certificates to be Held by
Corporation; Legend.  Any
certificates representing Restricted Stock shall bear the following legend:

“THE OWNERSHIP OF THIS
CERTIFICATE AND THE SHARES OF STOCK EVIDENCED HEREBY AND ANY INTEREST THEREIN
IS SUBJECT TO SUBSTANTIAL RESTRICTIONS ON TRANSFER UNDER AN AGREEMENT ENTERED
INTO BETWEEN THE REGISTERED OWNER AND PLIANT CORPORATION.  A COPY OF SUCH AGREEMENT IS ON FILE IN THE
OFFICE OF THE SECRETARY OF PLIANT CORPORATION.”

(b)           Stock Power; Power of Attorney.  Concurrent with the execution and delivery of
this Agreement, the Executive shall deliver to the Corporation an executed
stock power in the form attached hereto as Exhibit A, in blank.  The Executive, by acceptance of the
Restricted Stock Award under the Plan, shall be deemed to appoint, and does so
appoint by execution of this Agreement, the Corporation and each of its
authorized representatives as the Executive’s attorney(s)-in-fact to:

(i)            effect
any transfer of, or transaction with respect to, capital stock of the
Corporation pursuant to or referenced in Section 8 hereof (including any Drag Along
Rights);

(ii)           to
effect a conversion of the Restricted Stock upon a Qualified Public Offering
pursuant to the Charter; and

(iii)          to
execute such documents as the Corporation deems necessary or advisable in
connection with any such transfer or transaction or conversion.

31.          Tax
Election.  THE EXECUTIVE ACKNOWLEDGES THAT IT IS THE
EXECUTIVE’S SOLE RESPONSIBILITY, AND NOT THE CORPORATION’S, TO DECIDE IF AN
ELECTION UNDER SECTION 83(B) OF THE INTERNAL REVENUE CODE SHOULD BE MADE AND TO
FILE TIMELY SUCH ELECTION, EVEN IF THE EXECUTIVE REQUESTS THE CORPORATION OR
ITS REPRESENTATIVES TO MAKE THIS FILING ON HIS BEHALF.  The Executive understands that under
applicable law such election must be filed with the Internal Revenue Service
(the “IRS”) within thirty (30) days after any acquisition of Restricted Stock
to be effective.  If the Executive files
an effective election, the excess of the fair value of the Restricted Stock
(which the IRS may assert is different from the fair value determined by the
parties) covered by such election over the amount paid by the Executive for the
Restricted Stock shall be treated as ordinary income received by the Executive,
and the Corporation shall withhold from the Executive’s compensation all
amounts required under applicable law. 
If the Executive does not file an effective election, future
appreciation on the Restricted Stock will generally be taxable as ordinary
income when such Restricted Stock vests pursuant to this Agreement.  The foregoing is merely a brief summary of
complex tax regulations, and therefore, the Executive is strongly advised to
consult with his own tax advisors.

32.          Notices. 
Any notice to be given under the terms of this Agreement shall be in
writing and addressed to the Corporation at its principal office located at
1475 Woodfield Road, Suite 700, Schaumburg, Illinois 60173 to the attention of
the Chief Financial Officer and to the 

 9
 

Executive at the address
given beneath the Executive’s signature hereto, or at such other address as
either party may hereafter designate in writing to the other.

33.          Plan. 
The Restricted Stock and all rights of the Executive with respect
thereto are subject to, and the Executive agrees to be bound by, all of the
terms and conditions of the provisions of the Plan, incorporated herein by
reference, to the extent such provisions are applicable to Restricted Stock
granted to Eligible Persons (as defined in the Plan).  The Executive acknowledges receipt of a copy
of the Plan, which is made a part hereof by this reference, and agrees to be bound
by the terms thereof.  Unless otherwise
expressly provided in other Sections of this Agreement, provisions of the Plan
that confer discretionary authority on the Administrator do not (and shall not
be deemed to) create any rights in the Executive unless such rights are
expressly set forth herein or are otherwise in the sole discretion of the
Administrator so conferred by appropriate action of the Administrator under the
Plan after the date hereof. 
Notwithstanding the foregoing, nothing contained herein shall limit the
discretionary authority of the Administrator pursuant to Section 3.2(d)-(g),
(i)-(k) and Section 6 and 7 of the Plan, except to the extent the exercise of
such authority materially adversely affects the rights of the Executive
hereunder.

34.          Survival
of Representations, Warranties and Agreements. 
All representations, warranties and agreements contained herein shall
survive the consummation of the transactions contemplated hereby and the
termination of this Agreement indefinitely.

35.          Entire Agreement;
Amendment.  This Restricted Stock Agreement and the Plan
together constitute the entire agreement and supersede all prior understandings
and agreements, written or oral, of the parties hereto with respect to the
subject matter hereof.  The provisions of
this Agreement may be amended, modified and waived only with the prior written
consent of the Corporation and the Executive and no course of conduct or
failure or delay in enforcing the provisions of this Agreement shall be
construed as a waiver of such provisions or affect the validity, binding effect
or enforceability of this Agreement or any provision hereof.  Notwithstanding anything to the contrary
contained in the Plan or the Charter, any amendment, modification or waiver to
the terms of the Restricted Stock contained in the Charter and Plan that would
materially adversely affect the Executive’s rights therein or herein or which
materially adversely affects the rights or priorities of the Restricted Stock,
shall not be effective against the Executive without the prior written consent
of the Executive.  Notwithstanding the
foregoing, nothing contained herein shall limit the Corporation’s ability to
make amendments, modifications or waivers to the terms of the Plan or Charter
to the extent the requirements set forth in the Plan and the Charter regarding
such amendments, modifications and waivers have been met.

36.          WAIVER
OF JURY TRIAL.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT.

37.          Remedies. 
Each of the parties to this Agreement shall be entitled to enforce its
rights under this Agreement specifically to recover damages and costs
(including reasonable attorneys’ fees and expenses) for any breach of any
provision of this Agreement and to exercise 

 10
 

all other rights existing
in its favor.  The parties hereto agree
and acknowledge that money damages may not be an adequate remedy for any breach
of the provisions of this Agreement and that any party hereto may in its sole
discretion apply to any court of law or equity of competent jurisdiction for
specific performance and/or other injunctive relief (without posting any bond
or deposit) in order to enforce or prevent any violations of this Agreement.

38.          Counterparts. 
This Agreement may be executed simultaneously in any number of
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.

39.          Section Headings. 
The section headings of this Agreement are for convenience of reference
only and shall not be deemed to alter or affect any provision hereof.

40.          Governing Law. 
This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of New York without regard to conflict of
law principles thereunder.

*  *  * 
*  *

 11

IN
WITNESS WHEREOF, the Corporation has caused this Agreement to be
executed on its behalf by a duly authorized officer and the Executive has
hereunto set his hand as of the date and year first above written.

	
  

  	
  PLIANT CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Print Name

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Address

  

 

Exhibit 10.2(a)

EXHIBIT A

STOCK POWER

FOR
VALUE RECEIVED and pursuant to that certain Restricted Stock Award Agreement
between Pliant Corporation, a Delaware corporation (the “Corporation”),
and _______________ (the “Executive”) dated as of __________, the
Executive, hereby sells, assigns and transfers to the Corporation, an aggregate
_____ shares of Series M Preferred Stock of the Corporation, standing in the
Executive’s name on the books of the Corporation and represented by stock
certificate number(s) _____________________________________________ to which
this instrument is attached, and hereby irrevocably constitutes and appoints
_________________ ____________________________________ as his or her attorney
in fact and agent to transfer such shares on the books of the Corporation, with
full power of substitution in the premises.

Dated ____________,
__________

	
   

  	
   

  
	
  

  	
  Signature

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Print Name

  

 

(Instruction:
Please do not fill in any blanks other than the signature line.  The purpose of the assignment is to enable
the Corporation to exercise certain rights set forth in the Restricted Stock
Award Agreement and Charter without requiring additional signatures on the part
of the Individual.)

Exhibit 10.2(a)

EXHIBIT B

SPOUSAL
ACKNOWLEDGMENT

The
undersigned spouse of the Executive has read and hereby approves the foregoing
Restricted Stock Agreement.  In
consideration of the Corporation’s granting the Executive the right to acquire
the Restricted Stock in accordance with the terms of such Agreement, the
undersigned hereby agrees to be irrevocably bound by all the terms of such
Agreement and the Plan.

	
   

  	
   

  
	
  

  	
  Spouse of Executive

  

 

Exhibit 10.2(a)

EXHIBIT C

ELECTION TO INCLUDE STOCK
IN GROSS

INCOME PURSUANT TO SECTION 83(b) OF THE

INTERNAL REVENUE CODE

The
undersigned purchased • shares of
Series M Preferred Stock, $.01 par value per share (the “Series M Preferred
Stock”), of Pliant Corporation (the “Corporation”) pursuant to a
Restricted Stock Agreement (the “Restricted Stock Agreement”) dated as
of April 17, 2007, between the Corporation and the undersigned.  Under certain circumstances, the Corporation
has the right of forfeiture of the unvested Series M Preferred Stock from the
undersigned, upon the termination of his employment with the Corporation.  Hence, the Series M Preferred Stock is
subject to a substantial risk of forfeiture and is nontransferable (within the
meaning of Treasury Regulation §1.83-3(d)). 
The undersigned desires to make an election under Section 83(b) of the
Internal Revenue Code (“Code”) to have the Series M Preferred Stock
taxed at the time the undersigned purchased the Series M Preferred Stock.

Therefore,
pursuant to Code §83(b) and Treasury Regulation §1.83-2 promulgated thereunder,
the undersigned hereby makes an election, with respect to the Series M
Preferred Stock, to report as taxable income for the undersigned’s taxable year
ended December 31, 2007 the excess (if any) of the Series M Preferred Stock’s
fair market value on April 17, 2007 over the purchase price thereof.

The
following information is supplied in accordance with Treasury Regulation
§1.83-2(e):

The
name, address and social security number of the undersigned:

 

 

A
description of the property with respect to which the election is being made: • shares of Series M Preferred Stock, $.01 par value per
share.

The
date on which the property was transferred: April 17, 2007  The taxable year for which such election is
made: The undersigned’s taxable year ended December 31, 2007.

The
restrictions to which the property is subject:

All
or any portion of the shares of Series M Preferred Stock which have not “vested”
are subject to repurchase by the Corporation in the event the undersigned
ceases to be or is no longer employed by the Corporation and for any reason
whatsoever and in such event the purchase price for each share of Series M
Preferred Stock which has not “vested” subject to repurchase will be $20 per
share.

The
Series M Preferred Stock will “vest” on a monthly basis during the 3 years from
July 18, 2006 (i.e., a portion of the shares are vested as of the date of
grant) during the time that the undersigned remains employed by the Corporation
and shall vest upon a liquidation event, a qualified public offering, the
redemption of the Corporation’s Series AA Preferred Stock, if the undersigned
is so employed on the effective date thereof and, in certain circumstances, may
vest within nine months after the termination of such employment.

The
fair value on April 17, 2007 of the property with respect to which the election
is being made, determined without regard to any lapse restrictions:  $•(1).

The
amount paid for such property:  $•(2).

(1)    $103 per
share

(2)    $20 per
share

A copy of this election
has been furnished to the Secretary of the Corporation pursuant to Treasury
Regulations §  1.83-2(e)(7).

Dated:    April 17, 2007

	
   

  	
   

  
	
  

  	
  Executive

  

 

This election must be filed
with the Internal Revenue Service Center with which taxpayer files his or her
Federal income tax returns and must be made within thirty (30) days after the
date hereof.  This filing should be made
by registered or certified mail, return receipt requested.  The Executive must retain two (2) copies of
the completed form for filing with his Federal and state tax returns for the
current tax year and an additional copy of his records.

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