Document:

<Page>

                                                                   Exhibit 10.15

                              BOISE CASCADE, L.L.C.

            SUPPLEMENTAL EARLY RETIREMENT PLAN FOR EXECUTIVE OFFICERS

                        (As Adopted on October 29, 2004)

<Page>

                              BOISE CASCADE, L.L.C.
            SUPPLEMENTAL EARLY RETIREMENT PLAN FOR EXECUTIVE OFFICERS

                         ARTICLE I - PURPOSE OF THE PLAN

     The purpose of this Supplemental Early Retirement Plan for Executive
Officers (the "Plan") is to facilitate the orderly succession of Executive
Officers with continuity of management by providing additional Early Retirement
Benefits for the Executive Officers.

                            ARTICLE II -- DEFINITIONS

          2.1    "BOARD." The term Board shall mean the Board of Managers of
Boise Cascade Holdings, L.L.C.

          2.2    "CHANGE IN CONTROL." A Change in Control shall be deemed to
have occurred if:

                 (a)    Any Person is or becomes the Beneficial Owner, directly
or indirectly, of securities of the Company representing 25% or more of either
the then-outstanding shares of common stock of the Company or the combined
voting power of the Company's then-outstanding securities; provided, however, if
such Person acquires securities directly from the Company, such securities shall
not be included unless such Person acquires additional securities which, when
added to the securities acquired directly from the Company, exceed 25% of the
Company's then-outstanding shares of common stock or the combined voting power
of the Company's then-outstanding securities; and provided further that any
acquisition of securities by any Person in connection with a transaction
described in Section 2.2(c)(i) shall not be deemed to be a Change in Control of
the Company; or

                 (b)    The following individuals cease for any reason to
constitute at least a majority of the number of managers(i.e., director
equivalents for limited liabilities companies) then serving: individuals who, on
the date hereof, constitute the Board and any new manager (other than a manager
whose initial assumption of office is in connection with an actual or threatened
election contest, including but not limited to a consent solicitation, relating
to the election of managers of the Board) whose appointment or election by the
Board or nomination for election by the Company's stockholders was approved by a
vote of at least two-thirds of the managers then still in office who either were
managers on the date hereof or whose appointment, election, or nomination for
election was previously so approved (the "Continuing Managers"); or

                 (c)    The consummation of a merger or consolidation of the
Company (or any direct or indirect subsidiary of the Company) with any other
corporation other than (i) a merger or consolidation which would result in both
(a) Continuing Managers continuing to constitute at least a majority of the
number of

<Page>

directors (or director-equivalents) of the combined entity immediately following
consummation of such merger or consolidation, and (b) the voting securities of
the Company outstanding immediately prior to such merger or consolidation
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity or any parent thereof) more than
50% of the combined voting power of the voting securities of the Company or such
surviving entity or any parent thereof outstanding immediately after such merger
or consolidation, or (ii) a merger or consolidation effected to implement a
recapitalization of the Company (or similar transaction) in which no Person is
or becomes the Beneficial Owner, directly or indirectly, of securities of the
Company representing 25% or more of either the then-outstanding shares of common
stock of the Company or the combined voting power of the Company's
then-outstanding securities; provided that securities acquired directly from the
Company shall not be included unless the Person acquires additional securities
which, when added to the securities acquired directly from the Company, exceed
25% of the Company's then-outstanding shares of common stock or the combined
voting power of the Company's then-outstanding securities; and provided further
that any acquisition of securities by any Person in connection with a
transaction described in Section 2.2(c)(i) shall not be deemed to be a Change in
Control of the Company; or

                 (d)    The stockholders of the Company approve a plan of
complete liquidation or dissolution of the Company or the consummation of an
agreement for the sale or disposition by the Company of all or substantially all
of the Company's assets, other than a sale or disposition by the Company of all
or substantially all of the Company's assets to an entity, more than 50% of the
combined voting power of the voting securities of which are owned by Persons in
substantially the same proportions as their ownership of the Company immediately
prior to such sale.

                 A transaction described in Section 2.2(c) which is not a Change
in Control of the Company solely due to the operation of Subsection 2.2(c)(i)(a)
will nevertheless constitute a Change in Control of the Company if the Board
determines, prior to the consummation of the transaction, that there is not a
reasonable assurance that, for at least two years following the consummation of
the transaction, at least a majority of the members of the board of directors
(or director equivalent) of the surviving entity or any parent will continue to
consist of Continuing Managers and individuals whose election or nomination for
election by the shareholders of the surviving entity or any parent would be
approved by a vote of at least two-thirds of the Continuing Managers and
individuals whose election or nomination for election has previously been so
approved.

                 For purposes of this section, "Beneficial Owner" shall have the
meaning set forth in Rule 13d-3 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act").

                 For purposes of this section, "Person" shall have the meaning
given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections
13(d)

                                       -2-
<Page>

and 14(d) thereof, except that "Person" shall not include (i) the Company or any
of its subsidiaries, (ii) a trustee or other fiduciary holding securities under
an employee benefit plan of the Company or any of its subsidiaries, (iii) an
underwriter temporarily holding securities pursuant to an offering of such
securities, (iv) a corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their
ownership of stock of the Company, or (v) an individual, entity or group that is
permitted to and does report its beneficial ownership of securities of the
Company on Schedule 13G under the Exchange Act (or any successor schedule),
provided that if the individual, entity or group later becomes required to or
does report its ownership of Company securities on Schedule 13D under the
Exchange Act (or any successor schedule), then the individual, person or group
shall be deemed to be a Person as of the first date on which the individual,
person or group becomes required to or does report its ownership on Schedule
13D.

          2.3    "CLOSING DATE." October 29, 2004.

          2.4    "COMMITTEE." The Compensation Committee of the Board of
Managers of Boise Cascade Holdings, L.L.C. or, in the absence of such a
committee, the Retirement Committee appointed by such board, which, in addition
to its other duties and responsibilities, shall have the duties and
responsibilities set out in Article V of this Plan.

          2.5    "COMPANY." Boise Cascade, L.L.C., a limited liability company
organized and existing under the laws of the state of Delaware, or its successor
or successors.

          2.6    "COMPETITOR." Any business, foreign or domestic, which is
engaged, at any time relevant to the provisions of this Plan, in the
manufacture, sale, or distribution of products, or in the providing of services,
in competition with products manufactured, sold, or distributed, or services
provided, by the Company or any subsidiary, partnership, or joint venture of the
Company. The determination of whether a business is a Competitor shall be made
by the Company's General Counsel, in his or her sole discretion.

          2.7    CONSTRUCTION. Except to the extent preempted by federal law,
this Plan shall be construed according to the laws of the state of Idaho. The
words "hereof," "herein," "hereunder" and other similar compounds of the word
"here" shall mean and refer to the entire Plan, not to any particular provision
or section.

          2.8    "DEFERRED COMPENSATION AND BENEFITS TRUST." The irrevocable
trust (the "DCB Trust") which may be established by the Company with an
independent trustee for the benefit of persons entitled to receive payments or
benefits hereunder, the assets of which will be subject to claims of the
Company's creditors in the event of bankruptcy or insolvency.

                                       -3-
<Page>

          2.9    "EARLY RETIREMENT." The termination of employment of an
Executive Officer prior to his or her Normal Retirement Date but after the
Executive Officer has completed 10 or more years of service and has reached the
age of at least 58 years (or, for Executive Officers elected as such by Boise
Cascade Corporation prior to June 1, 2004, 55 years).

          2.10   "EARLY RETIREMENT BENEFITS." The benefits that will be paid to
an Executive Officer who retires from the Company under the provisions of this
Plan.

          2.11   "EARLY RETIREMENT DATE." The date of an Executive Officer's
Early Retirement, as defined in Section 2.8.

          2.12   "EFFECTIVE DATE." October 29, 2004, or the date this Plan
becomes effective as established by the Board, whichever is later.

          2.13   "EXECUTIVE OFFICER." A Transferred Executive Officer who has
been duly elected by the Board to serve as an executive officer of the Company
in accordance with the Company's bylaws but not including assistant treasurers
or assistant secretaries.

          2.14   "KEY EMPLOYEE." A "key employee" as defined in Section 416(i)
of the Internal Revenue Code of 1986, as amended.

          2.15   "INVOLUNTARY RETIREMENT." The termination of employment of an
Executive Officer by action of the Company or the Board prior to an Executive
Officer's Normal Retirement Date but after the Executive Officer has completed
10 or more years of service and has reached the age of at least 58 years (or,
for Executive Officers elected as such by Boise Cascade Corporation prior to
June 1, 2004, 55 years).

          2.16   "NORMAL RETIREMENT DATE." The first day of the month on or
after an Executive Officer's 65th birthday.

          2.17   "SALARIED PLAN." The Boise Cascade, L.L.C. Pension Plan for
Salaried Employees and the Boise Cascade, L.L.C. Supplemental Pension Plan as
they currently are in effect and as amended from time to time after the
Effective Date of this Plan.

          2.18   "TRANSFERRED EXECUTIVE OFFICER." An employee who has been duly
elected by the Board to serve as an executive officer of the Company in
accordance with the Company's bylaws (but not including assistant treasurers or
assistant secretaries), and who had been a participant in the Boise Cascade
Corporation Supplemental Early Retirement Plan for Executive Officers
immediately prior to the Closing Date.

                                       -4-
<Page>

             ARTICLE III - ELIGIBILITY FOR EARLY RETIREMENT BENEFITS

          3.1    ELIGIBILITY. An Executive Officer (i) with 10 or more years of
service with the Company, as defined in the Salaried Plan; (ii) who has served
as an Executive Officer of the Company for at least 5 full years measured from
the date of his or her election to such office; and (iii) whose employment with
the Company is terminated through Involuntary Retirement, or who elects Early
Retirement, shall receive the Early Retirement Benefits as set forth in Article
IV hereof; provided, however, if an Executive Officer's employment is terminated
for "disciplinary reasons," as that term is used in the Company's Corporate
Policy 10.2, Termination of Employment, as amended from time to time, such
Executive Officer shall not be eligible to receive any benefits under this Plan.
For purposes of this Plan, an Executive Officer's years of service with the
Company shall include his or her years of service with Boise Cascade
Corporation, and an Executive Officer's years of service as an Executive Officer
of the Company shall include his or her years of service as an Executive Officer
of Boise Cascade Corporation.

          3.2    NOTICE. If an Executive Officer is required to take Involuntary
Retirement under this Plan, he or she shall be given a written notice thereof
and shall be advised of the Early Retirement Benefits to be paid hereunder.
Additionally, any eligible Executive Officer desiring to elect Early Retirement
shall notify the Company of his or her decision, in writing, at least 30 days in
advance of the Early Retirement Date.

                     ARTICLE IV - EARLY RETIREMENT BENEFITS

          4.1    COMPUTATION OF EARLY RETIREMENT BENEFITS. The Early Retirement
Benefits payable to any Executive Officer who is eligible for such benefits
under Section 3.1 hereof shall be calculated as follows:

                 Until age 65, the Early Retirement Benefits payable hereunder
shall be an amount equal to the Basic Pension Benefit that would have been
payable in the form of a single life annuity at age 65 under the Salaried Plan
(before reduction to reflect any retirement option selected by the Executive
Officer pursuant to Article VII of the Salaried Plan) without reduction on
account of early retirement, provided, however, that any such Early Retirement
Benefits shall exclude the amounts of any such benefits that are based on or
relate to years of service performed for Boise Cascade Corporation and that are
payable under either the Boise Cascade Corporation Spun-off Pension Plan for
Salaried Employees or the Boise Cascade Corporation Supplemental Early
Retirement Plan for Executive Officers or would have been payable under such
plans as of the day before the Closing Date if all vesting and eligibility
provisions thereunder are deemed to have been met. To the extent that the Boise
Cascade Corporation Supplemental Early Retirement Plan for Executive Officers is
terminated and participants thereunder are paid out in a lump sum in connection
with such termination prior to the payment of benefits under this Plan, such
lump sum (or its actuarial equivalent) shall be excluded from the benefits
payable under this Section 4.1.

                                       -5-
<Page>

                 If the calculations made pursuant to this section produce no
Early Retirement Benefits for an Executive Officer, then this Plan shall not
apply to that Executive Officer. The Company will be secondarily liable for the
payment of any amounts that are payable from the Salaried Plan.

          4.2    MANNER AND ADJUSTMENT OF PAYMENT. The Early Retirement
Benefits, as computed in Section 4.1 and as provided hereunder, shall, except as
provided in Section 4.5, become an unfunded general obligation of the Company
and shall be paid to the Executive Officer in monthly installments as a
supplemental retirement benefit. Notwithstanding anything to the contrary,
distributions to a Participant who is a Key Employee shall not commence within
the first six months after Termination (other than in the event of death);
provided, however, that the first payment to such a Participant shall include
all payments that would have been made during such six month period. The Early
Retirement Benefits shall be paid in the form of a single life annuity until the
earlier of the Participant's death or the date the Participant reaches age 65.

          4.3    EXECUTIVE OFFICER NOT TO COMPETE. If an Executive Officer who
is receiving Early Retirement Benefits hereunder and who has not yet reached his
or her Normal Retirement Date provides significant services as an employee or
consultant, or otherwise renders services of a significant nature for
remuneration, to a Competitor, the Company may, in its discretion, cancel all
further Early Retirement Benefits due to be payable to the Executive Officer
hereunder, and after the date of cancellation, the Executive Officer shall
forfeit all future benefits under this Plan. The Company may, in its discretion,
consent to an Executive Officer's rendering services to a Competitor, and if it
does consent, it may place whatever limitations it considers appropriate on the
consent. If the Executive Officer breaches the terms of the consent, the Company
may, in its discretion, cancel all further Early Retirement Benefits due to be
payable to the Executive Officer hereunder, and after the date of cancellation,
the Executive Officer shall forfeit all future benefits under this Plan.

          4.4    SUPPLEMENTAL SURVIVOR'S RETIREMENT BENEFIT. If an Executive
Officer terminates employment at any age by reason of death, his or her spouse,
if any, shall be eligible to receive a supplemental Survivor's Retirement
Benefit under this Plan. The amount of the supplemental Survivor's Retirement
Benefit payable under this section shall be equal to the difference between the
Survivor's Retirement Benefit payable under the terms of the Salaried Plan and
the amount to which the spouse would be entitled under the terms of both this
Plan and the Salaried Plan if the Executive Officer, without regard to the
requirements of Section 3.1 of this Plan, had elected early retirement on the
date of his or her death and had elected to receive benefits in the form of a
100% Joint and Survivor Annuity with the spouse as joint annuitant, provided
that if the Executive Officer dies prior to reaching age 55, the otherwise
unreduced benefit payable under this Plan shall be actuarially reduced to
reflect the Executive Officer's age at death. A surviving spouse shall not be
eligible for a supplemental survivor's benefit under this Plan unless the spouse
is eligible for a survivor's benefit under the terms of the Salaried Plan.

                                       -6-
<Page>

          Notwithstanding the foregoing, any benefits received pursuant to this
section shall exclude the amounts of any such benefits that are based on or
relate to an Executive Officer's years of service performed for Boise Cascade
Corporation and that are payable under either the Boise Cascade Corporation
Spun-off Pension Plan for Salaried Employees or the Boise Cascade Corporation
Supplemental Early Retirement Plan for Executive Officers or would have been
payable under such plans as of the day before the Closing Date if all vesting
and eligibility provisions thereunder are deemed to have been met. To the extent
that the Boise Cascade Corporation Supplemental Early Retirement Plan for
Executive Officers is terminated and participants and surviving spouses
thereunder are paid out in a lump sum in connection with such termination prior
to the payment of benefits under this Plan, such lump sum (or its actuarial
equivalent) shall be excluded from the benefits payable under this Section 4.4.

          4.5    DEFERRED COMPENSATION AND BENEFITS TRUST. Upon the occurrence
of a Change in Control of the Company or at any time thereafter, the Company, in
its sole discretion, may transfer to the DCB Trust cash, marketable securities,
or other property acceptable to the trustee to pay the Company's obligations
under this Plan in whole or in part (the "Funding Amount"). Any cash, marketable
securities, and other property so transferred shall be held, managed, and
disbursed by the trustee subject to and in accordance with the terms of the DCB
Trust. In addition, from time to time, the Company may make additional transfers
of cash, marketable securities, or other property acceptable to the trustee as
desired by the Company in its sole discretion to maintain or increase the
Funding Amount with respect to this Plan. The assets of the DCB Trust, if any,
shall be used to pay benefits under this Plan, except to the extent the Company
pays such benefits. The Company and any successor shall continue to be liable
for the ultimate payment of those benefits.

                               ARTICLE V -- DUTIES

          5.1    COMMITTEE'S POWERS. Except as otherwise provided in the Plan
with regard to the powers of the Company, the Committee shall have control of
administration of the Plan, with all powers necessary to enable it to carry out
its duties hereunder. The Committee shall have the right to inspect the records
of the Company whenever such inspection may be reasonably necessary in order to
determine any fact pertinent to the performance of the duties of the Committee.
The Committee, however, shall not be required to make such inspection but may,
in good faith, rely on any statement of the Company or any of its officers or
employees.

          5.2    COPY OF PLAN TO BE FURNISHED. The Committee shall furnish a
copy of this Plan to all Executive Officers of the Company who are or become
entitled to be covered under this Plan as eligible Executive Officers.

          5.3    RECORDS. The Committee shall keep a complete record of all its
proceedings and all data necessary for administration of the Plan.

                                       -7-
<Page>

          5.4    APPEAL PROCEDURE. If any Executive Officer feels aggrieved by
any decision of the Committee concerning his or her benefits hereunder, the
Committee shall provide, upon written request of the Executive Officer, specific
written reasons for the decision. The Committee shall afford an Executive
Officer, whose claim for benefits has been denied, 60 days from the date notice
of denial is mailed in which to request a hearing before the Committee. If an
Executive Officer requests a hearing, the Committee shall review the written
comments, oral statements, and any other evidence presented on behalf of the
Executive Officer at the hearing and render its decision within 60 days of such
hearing. If the Executive Officer still feels aggrieved by the Committee's
decision concerning his or her benefits hereunder, the Executive Officer can
request the Executive Compensation Committee of the Board to review his or her
case. The request for hearing must be made in writing within 60 days from the
date of the Committee's decision. The Executive Compensation Committee of the
Board shall review said decision within 4 months after receiving the Executive
Officer's request for review and shall, within a reasonable time thereafter,
render a decision respecting the Executive Officer's claim, which shall be
final, binding and conclusive.

                 If any Executive Officer feels aggrieved by any decision of the
Company concerning his or her rights hereunder, the Company shall provide, upon
the written request of the Executive Officer, specific written reasons for its
decision. If the Executive Officer is not satisfied with the Company's decision
with respect to his or her rights, the Executive Officer can request the
Executive Compensation Committee of the Board to review his or her case. The
Executive Officer's request must be made within 60 days of the mailing of the
Company's written decision, and the Executive Compensation Committee of the
Board will handle the review in the same manner as set forth above with respect
to appeals from Committee decisions.

                     ARTICLE VI - AMENDMENT AND TERMINATION

          6.1    AMENDMENT. To provide for contingencies which may require the
clarification, modification, or amendment of this Plan, the Company reserves the
right to amend this Plan at any time; provided, however, no amendment shall
affect any benefits previously granted hereunder to any Executive Officer who
elected or was required, pursuant to this Plan, to retire early. Further, prior
to any amendment of the Plan, the Company shall give at least 90 days' prior
written notice to any Executive Officer, who at the time of the amendment will
be eligible to receive Early Retirement Benefits hereunder, of the proposed
amendment and his or her eligibility to elect early retirement prior to the
effective date of the amendment.

          6.2    TERMINATION. It is the present intention of the Company to
maintain this Plan indefinitely. Nonetheless, the Company reserves the right, at
any time, to terminate the Plan; provided, however, no termination shall affect
any benefits previously granted hereunder to an Executive Officer who elected or
was required, pursuant to this Plan, to retire early, and provided, further,
that prior to any termination, the Company shall give at least 90 days' prior
written notice to any Executive Officer, who at the time of the termination will
be eligible to receive Early Retirement Benefits

                                       -8-
<Page>

hereunder, of the proposed termination and of his or her option to elect, prior
to the termination, to take early retirement under this Plan prior to the
effective date of the termination.

                          ARTICLE VII -- MISCELLANEOUS

          7.1    BENEFITS NOT TRANSFERABLE OR ASSIGNABLE. None of the benefits,
payments, proceeds, claims, or rights of any Executive Officer hereunder shall
be subject to the claim of any creditor of the Executive Officer, other than the
Company as permitted in Section 7.2, nor shall any Executive Officer have any
right to transfer, assign, encumber, or otherwise alienate any of the benefits
or proceeds which he or she may expect to receive, contingently or otherwise,
under this Plan.

          7.2    SETOFF. The Company shall have the right to withhold and deduct
from payments due hereunder to any Executive Officer any amounts owed by the
Executive Officer to the Company or its affiliates that were incurred prior to
the Executive Officer's Early Retirement Date.

                                       -9-<Page>

                                                                   Exhibit 10.16

                              BOISE CASCADE, L.L.C.

                       2004 INCENTIVE AND PERFORMANCE PLAN

                           Effective October 29, 2004

                                      - 1 -
<Page>

                              BOISE CASCADE, L.L.C.
                       2004 INCENTIVE AND PERFORMANCE PLAN

1.   PURPOSE OF THE PLAN. The Boise Cascade, L.L.C. 2004 Incentive and
Performance Plan (the "Plan") is intended to promote the interests of Boise and
its shareholders by (a) attracting, motivating, rewarding, and retaining the
broad-based management talent critical to achieving Boise's business goals and
(b) linking a portion of each Participant's compensation to the performance of
both Boise and the individual Participant.

2.   DEFINITIONS. For purposes of this Plan, the following terms shall have the
meanings set forth below:

     (a)  "Award" means a payment made under the Plan based on the Performance
Goals applicable to the Award Period for which the payment is made.

     (b)  "Award Period" means a calendar year; provided, however, that the
initial award period shall be the period beginning on October 29, 2004, and
ending on December 31, 2004.

     (c)  "Base Salary" means a Participant's annual pay rate at the end of the
Award Period without taking into account (a) any amounts deferred pursuant to an
election under any 401(k) plan, pre-tax premium plan, deferred compensation plan
or flexible spending account sponsored by Boise during the Award Period, (b) any
incentive compensation, employee benefit, or other cash benefit paid or provided
under any retention, incentive, bonus or employee benefit plan sponsored by
Boise, and (c) any excellence award, gains upon stock option exercises,
restricted stock grants or vesting, moving or travel expense reimbursement,
imputed income or tax gross-ups, without regard to whether the payment or gain
is taxable income to the Participant. The determination of Base Salary shall be
made by Boise in its sole and absolute discretion.

     (d) A "Change in Control" shall be deemed to have occurred if:

          (i)    Any Person is or becomes the Beneficial Owner, directly or
indirectly, of securities of the Company representing 25% or more of either the
then outstanding shares of common stock of the Company or the combined voting
power of the Company's then outstanding securities; provided, however, if such
Person acquires securities directly from the Company, such securities shall not
be included unless such Person acquires additional securities which, when added
to the securities acquired directly from the Company, exceed 25% of the
Company's then outstanding shares of common stock or the combined voting power
of the Company's then outstanding securities, and provided further that any
acquisition of securities by any Person in connection with a transaction
described in Section 2(d)(iii) (A) shall not be deemed to be a Change in Control
of the Company; or

                                       -2-
<Page>

          (ii)   The following individuals cease for any reason to constitute at
least a majority of the number of directors then serving: individuals who, on
the date hereof, constitute the Board and any new director (other than a
director whose initial assumption of office is in connection with an actual or
threatened election contest, including but not limited to a consent
solicitation, relating to the election of directors of the Company) whose
appointment or election by the Board or nomination for election by the Company's
stockholders was approved by a vote of at least 2/3rds of the directors then
still in office who either were directors on the date hereof or whose
appointment, election, or nomination for election was previously so approved
(the "Continuing Directors"); or

          (iii)  The consummation of a merger or consolidation of the Company
(or any direct or indirect subsidiary of the Company) with any other corporation
other than (A) a merger or consolidation which would result in both (x)
Continuing Directors continuing to constitute at least a majority of the number
of directors of the combined entity immediately following consummation of such
merger or consolidation, and (y) the voting securities of the Company
outstanding immediately prior to such merger or consolidation continuing to
represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity or any parent thereof) more than 50% of the
combined voting power of the voting securities of the Company or such surviving
entity or any parent thereof outstanding immediately after such merger or
consolidation, or (B) a merger or consolidation effected to implement a
recapitalization of the Company (or similar transaction) in which no Person is
or becomes the Beneficial Owner, directly or indirectly, of securities of the
Company representing 25% or more of either the then outstanding shares of common
stock of the Company or the combined voting power of the Company's then
outstanding securities; provided that securities acquired directly from the
Company shall not be included unless the Person acquires additional securities
which, when added to the securities acquired directly from the Company, exceed
25% of the Company's then outstanding shares of common stock or the combined
voting power of the Company's then outstanding securities; and provided further
that any acquisition of securities by any Person in connection with a
transaction described in Section 2(d)(iii)(A) shall not be deemed to be a Change
in Control of the Company; or

          (d)    The stockholders of the Company approve a plan of complete
liquidation or dissolution of the Company or the consummation of an agreement
for the sale or disposition by the Company of all or substantially all of the
Company's assets, other than a sale or disposition by the Company of all or
substantially all of the Company's assets to an entity, more than 50% of the
combined voting power of the voting securities of which are owned by Persons in
substantially the same proportions as their ownership of the Company immediately
prior to such sale.

     A transaction described in Section 2(d)(iii) which is not a Change in
Control of the Company solely due to the operation of Subsection 2(d)(iii)(A)(x)
will nevertheless constitute a Change in Control of the Company if the Board
determines, prior to the consummation of the transaction, that there is not a
reasonable assurance that, for at

                                       -3-
<Page>

least two years following the consummation of the transaction, at least a
majority of the members of the board of directors of the surviving entity or any
parent will continue to consist of Continuing Directors and individuals whose
election or nomination for election by the shareholders of the surviving entity
or any parent would be approved by a vote of at least two-thirds of the
Continuing Directors and individuals whose election or nomination for election
has previously been so approved.

     For purposes of Sections 2(d), "Beneficial Owner" shall have the meaning
set forth in Rule 13d-3 under the Securities Exchange Act of 1934, as amended
(the "Exchange Act").

     For purposes of Sections 2(d), "Person" shall have the meaning given in
Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and
14(d) thereof, except that "Person" shall not include (i) the Company or any of
its subsidiaries, (ii) a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or any of its subsidiaries, (iii) an
underwriter temporarily holding securities pursuant to an offering of such
securities, (iv) a corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their
ownership of stock of the Company, or (v) an individual, entity or group that is
permitted to and does report its beneficial ownership of securities of the
Company on Schedule 13G under the Exchange Act (or any successor schedule),
provided that if the individual, entity or group later becomes required to or
does report its ownership of Company securities on Schedule 13D under the
Exchange Act (or any successor schedule), then the individual, person or group
shall be deemed to be a Person as of the first date on which the individual,
person or group becomes required to or does report its ownership on Schedule
13D.

     (e)  "Boise" means Boise Cascade, L.L.C, a Delaware limited liability
company. All actions of Boise under this Plan will be by the Board of Managers
of Boise Cascade Holdings, L.L.C. or its delegatee.

     (f)  "Committee" means the Compensation Committee of the Board of Managers
of Boise Cascade Holdings, L.L.C. or, in the absence of such a committee, the
Retirement Committee appointed by such board.

     (g)  "Participant" means a Boise employee to whom an Award is granted
pursuant to the Plan, or upon the death of the Participant, his or her
successors, heirs, executors, and administrators, as the case may be.

     (h)  "Performance Goals" means the objectives established by the Committee
in its sole discretion with respect to any performance-based Awards that relate
to one or more business criteria within the meaning of Section 162(m) of the
Code. Performance Goals may include or be based upon, without limitation: sales;
gross revenue; gross margins; internal rate of return; cost; ratio of debt to
debt plus equity; profit before tax; earnings before interest and taxes;
earnings before interest, taxes, depreciation, and amortization; earnings per
share; operating earnings; economic value added; ratio of

                                       -4-
<Page>

operating earnings to capital spending; cash flow; free cash flow; net operating
profit; net income; net earnings; net sales or net sales growth; price of stock;
return on capital, net assets, equity, or shareholders' equity; segment income;
market share; productivity ratios; expense targets; working capital targets; or
total return to shareholders. Performance Goals may (a) be used to measure the
performance of Boise as a whole or any subsidiary, business unit or segment of
Boise, (b) include or exclude (or be adjusted to include or exclude)
extraordinary items, and/or (c) reflect absolute entity performance or a
relative comparison of entity performance to the performance of a peer group,
index, or other external measure, in each case as determined by the Committee in
its sole discretion.

3.   ANNUAL INCENTIVE AWARDS.

          (a) AWARD PERIOD AND PERFORMANCE GOALS. Within 90 days of the
beginning of each award period (or within 30 days of the beginning of the
initial Award Period), the Committee shall establish the specific Performance
Goals to be achieved in order for Participants to earn an Annual Incentive
Award. The Committee shall establish a mathematical formula pursuant to which an
Award equal to a specified percentage of a Participant's salary shall be earned
upon the attainment of specific levels of the applicable Performance Goals. This
formula may take into account Performance Goals achieved in prior years. The
Performance Goals and formula, once established, shall continue for subsequent
years unless modified by the Committee. The Performance Goals applicable to an
Award Period, and the formula pursuant to which Award amounts shall be
determined, shall be selected and published within 90 days from the beginning of
the Award Period (or within 30 days from the beginning of the initial Award
Period).

          (b) PAYMENT. As soon as practical after the conclusion of each year,
the Committee shall review and evaluate the Performance Goals applicable to that
year in light of Boise's performance measured in accordance with the goals and
shall determine whether the goals have been satisfied. If satisfied, the
Committee shall so certify in a written statement and shall apply the criteria
to determine the amount of the Award for each Participant, subject to the
Committee's right to reduce or eliminate the amount of any Award. Awards, if
any, less withholding taxes and any other applicable deductions, will be paid as
soon as practical following the Committee's certification. Payment of earned
Annual Incentive Awards may be made in cash. No Award may be paid to a
Participant in excess of $3,000,000 for any single year. Notwithstanding the
Performance Goals and the formula, Boise reserves the right to reduce the Award
payable to any Participant or group of Participants in its sole discretion.

4.   FUNDING OF AWARDS. Funding of Awards under the Plan will be solely out of
Boise's general assets. No funds will be set aside, segregated from general
assets, or held in any form of trust for payment of Awards.

5.   ADMINISTRATION OF THE PLAN.

                                       -5-
<Page>

     (a) AUTHORITY AND Delegation. The Committee shall have the sole discretion,
responsibility, and authority to administer and interpret the Plan. This
includes the discretion and authority to determine all questions of fact,
eligibility, or benefits relating to the Plan. The Committee's responsibilities
for administration and interpretation of the Plan shall be exercised by the
Committee or by Boise employees who have been assigned those responsibilities by
the Company's management. Any interpretation by the Committee or its delegate
shall be final and binding on Participants. Any Boise employee exercising
responsibilities related to the Plan in accordance with this section shall be
deemed to have been delegated the discretionary authority vested in the
Committee with respect to those responsibilities, unless limited in writing by
the Committee.

     (b)  TERMS AND CONDITIONS OF AWARDS. The Committee shall have final
discretion, responsibility, and authority to:

          (i)    grant Awards;
          (ii)   determine the Participants to whom and the times at which
Awards shall be granted;
          (iii)  determine the type and number of Awards to be granted and the
applicable terms and conditions;
          (iv)   establish and administer Performance Goals relating to an
Award;
          (v)    establish the rights of Participants with respect to an Award
upon termination of employment;
          (vi)   determine whether, to what extent, and under what circumstances
an Award may be settled, cancelled, forfeited, exchanged, or surrendered;
          (vii)  make adjustments in the Performance Goals in recognition of
unusual or nonrecurring events affecting the Company or the financial statements
of the Company, or in response to changes in applicable laws, regulations, or
accounting principles;
          (viii) determine the terms and provisions of Agreements; and
          (ix)   make all other determinations deemed necessary or advisable for
the administration of the Plan.

          The Committee may solicit recommendations from the Company's
management with respect to any or all of the items listed above.

          The Committee shall determine the terms and conditions of each Award
at the time of grant. The Committee may establish different terms and conditions
for different Participants, for different Awards, and for the same Participant
for each Award the Participant may receive, whether or not granted at different
times.

6.   PARTICIPATION IN THE PLAN.

     (a) Employees will become Participants in the Plan only upon being
identified by the Committee as eligible. If an individual becomes a Participant
at any time other than at the beginning of an Award Period, the amount of his or
her Award (if any) for that

                                       -6-
<Page>

Award Period will be pro-rated based on the number of days the individual
participated in the Plan during the Award Period compared to the total number of
days in the Award Period. Notwithstanding anything to the contrary, the Awards
for the initial Award Period (October 29, 2004 through December 31, 2004) shall
be pro-rated to reflect the fact that the initial Award Period was not a full
year.

     (b) Each Award shall be evidenced by a statement issued to the Participant
describing the terms and conditions of such Award and containing such other
provisions as the Committee may deem necessary or desirable and which are not in
conflict with the terms of the Plan.

7.   TREATMENT OF AWARDS UPON RETIREMENT, DISABILITY, DEATH, REASSIGNMENT, OR
     TERMINATION.

     (a)  A Participant who (i) terminates employment on or after reaching age
55 with ten or more years of employment with Boise, (ii) becomes totally
disabled, (iii) dies, or (iv) terminates employment as a direct result of the
sale or permanent closure of a division or facility of Boise or as a direct
result of a merger, reorganization, sale, or restructuring of all or part of
Boise, will cease to be a Participant in the Plan as of the day that event
occurs. In these cases, the Participant (or his or her estate in the case of
death) will receive a pro rata Award under the Plan, if an Award is paid. The
Award will be prorated based on the number of days the individual participated
in the Plan during that Award Period compared to the total number of days in
that Award Period. This Award shall be paid to the Participant (or estate) as
soon as practical after the end of the Award Period.

     (b)  If a Participant is excluded from participation by Boise's decision
(other than by reason of termination of employment) or becomes ineligible to
participate in this Plan for any reason during an Award Period, the Participant
will cease participation as of the date of Boise's decision or the date he or
she becomes ineligible and will be eligible to receive a pro rata Award, if an
Award is paid. The calculation and payment of this prorated Award will be made
as specified in Section 8(a).

     (c)  Participants who terminate their employment with Boise during an Award
Period other than as described in Section 8(a), whether voluntarily or
involuntarily, with or without cause, are not eligible to receive any Award for
the Award Period.

8.   CHANGE IN Control.

     (a) Except as otherwise determined by the Committee at the time of grant of
an Award, upon a Change in Control, all Annual Incentive Awards for calendar
years ended prior to the Change in Control which have not yet been paid out
shall be paid out immediately in cash; for Annual Incentive Awards for the
calendar year during which the Change in Control occurs, all Participants shall
be deemed to have achieved a pro rata Award equal to the greater of (i) the
Participant's target Annual Incentive Award or (ii) the actual Annual Incentive
Award as determined by year-to-date performance

                                       -7-
<Page>

through the last day of the month prior to the month in which the Change in
Control occurs, in either case multiplied by a fraction, the numerator of which
is the number of days which have elapsed from the beginning of the year to the
date on which the Change of Control occurs, and the denominator of which is 365,
and the Awards shall be paid in cash within 10 days after the Change in Control.

     (b) Any Participant, whose employment is involuntarily terminated for any
reason other than disciplinary reasons within three months prior to the date of
a Change in Control, shall be treated, solely for purposes of this Plan, as
continuing in the Company's employment until the occurrence of the Change in
Control, and to have been terminated immediately thereafter. Upon a Change in
Control, the Plan may not be amended in any manner that would reduce or alter
the rights of Participants to any benefit under this Plan without the consent of
each affected Participant, for three years following a Change in Control but may
be amended thereafter.

9.   EMPLOYMENT AND PARTICIPATION NOT GUARANTEED. This Plan is not intended to
and does not create a contract of employment in any manner. Employment with
Boise is at will, which means that either the employee or Boise may end the
employment relationship at any time and for any reason. Nothing in this Plan
changes or should be construed as changing that at-will relationship.
Participation in the Plan during any Award Period shall not convey the right to
be a Participant in the Plan for any other Award Period, and the Committee
reserves the right, in its sole discretion, to determine eligibility and level
of participation in this Plan.

10.  WITHHOLDING TAXES. All applicable federal and state taxes required by law
to be withheld shall be deducted from all payments made under this Plan.

11.  CONSTRUCTION AND JURISDICTION. To the extent not governed by federal law,
the Plan will be construed according to the laws of the state of Idaho. Any
lawsuit or legal action by any party, person, or entity regarding this Plan,
benefits under the Plan, or any related issue may be brought only in Federal
District Court in the District of Idaho.

12.  FORM OF COMMUNICATION. Any election, application, claim, notice, or other
communication required or permitted to be made by a Participant shall be made in
writing and in such form as Boise may prescribe. Communications shall be
effective upon receipt by Boise's Compensation Manager at 1111 West Jefferson
Street, P.O. Box 50, Boise, Idaho, 83728.

13.  AMENDMENT AND TERMINATION. The Committee may at its sole discretion amend
or terminate the Plan at any time, provided that Boise may not amend or
terminate the Plan in a manner that adversely affects any benefits earned or
accrued by Participants prior to the date of amendment or termination.

14.  CLAIMS PROCEDURE. Disputes or claims regarding benefits or other issues
arising under the Plan shall be filed in writing with Boise's Compensation
Manager within 60 days after the event giving rise to the dispute, claim, or
grievance. The claim shall state all facts and include copies of all documents,
materials, or other evidence that the

                                       -8-
<Page>

Participant believes are relevant to the claim. The Compensation Manager shall
have absolute discretion to interpret and apply the Plan, evaluate the facts and
circumstances, and make a determination with respect to the dispute, claim, or
grievance in the name and on behalf of Boise. A written decision shall be
furnished to the claimant within 60 days after the claim is received. Boise in
its sole discretion may extend this 60-day period an additional 60 days by
notifying the claimant in writing of the extension before the original 60-day
period expires. If the claim is denied, the notice of denial shall include the
specific reasons for the denial, pertinent provisions of the Plan, and where
appropriate, an explanation as to how the claimant may perfect the claim or
submit the claim for review.

15.  CLAIMS REVIEW PROCEDURE. Any Participant, former Participant, or
beneficiary who has been denied a benefit claim shall be entitled, upon written
request, to a review of his or her claim. The request for review, together with
a written statement of the claimant's position, shall be filed with the
Compensation Manager within 60 days after receiving the initial notice of
denial. The Compensation Manager will promptly inform Boise's senior human
resources officer. The written decision of the senior human resources officer
shall be furnished to the claimant within 60 days after the Compensation Manager
receives the appeal. Boise in its sole discretion may extend this 60-day period
an additional 60 days by notifying the claimant in writing of the extension
before the original 60-day period expires. The written decision will state the
facts and plan provisions upon which the decision is based and is final and
binding on all parties.

16.  LAWSUITS; VENUE; APPLICABLE LAW. No lawsuit claiming entitlement to
benefits under this Plan may be filed prior to exhausting the claims and claims
review procedures described in Sections 14 and 15. Any lawsuit must be initiated
no later than (a) one year after the event(s) giving rise to the claim occurred,
or (b) 60 days after a final written decision was provided to the claimant under
Section 15, whichever is sooner. Any legal action involving benefits claimed or
legal obligations relating to or arising under this Plan may be filed only in
Federal District Court in the city of Boise, Idaho. Federal law shall be applied
in the interpretation and application of this Plan and the resolution of any
legal action. To the extent not preempted by federal law, the laws of the state
of Delaware shall apply.

17.  PARTICIPANT RIGHTS. No Participant shall have any claim to be granted any
Award under the Plan, and there is no obligation to treat Participants
uniformly.

18.  LEGAL AGENT. The contact for legal matters concerning the Plan is Boise's
General Counsel. He may be contacted as follows:

     By mail:    General Counsel
                 Boise Cascade, L.L.C.
                 P.O. Box 50
                 Boise, ID 83728-0001

     By telephone: 208/384-7394

                                       -9-
<Page>

     By fax:     208/384-4912

19.  PLAN ADMINISTRATOR. The contact for general administrative issues is the
Compensation Manager:

     By mail:    Compensation Manager
                 Boise Cascade, L.L.C.
                 P.O. Box 50
                 Boise, ID  83728-0001

     By telephone: 208/384-7783

     By fax:     208/384-4931

20.  EFFECTIVE DATE. The Plan is effective October 29, 2004.

                                      -10-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]