Document:

[BANTA LETTERHEAD]  

October 31, 2006 

Confidential  

Ms. Ginger Jones

4109 North Terraview Drive 
         Appleton, WI 54913 

Dear Ginger: 

In the event that Banta
should incur a “Change in Control of the Company” as defined in the Company’s
         standard KEESA agreement as filed with the SEC as Exhibit 10(e) to the Company’s
Form 10-K for the year          ended January 1, 2000, you will be entitled to the
following: 

A.    During your
continued employment after such change in control, you would receive a compensation
         package that would be at least comparable in all material respects to the
package in effect immediately          prior to the change in control.  During such
period, the services to be performed by you would be of the          same job content and
scope of the position you had prior to the change in control, rendered in the same
         metropolitan area in which you were principally employed during the 6-month
period prior to the change          in control, and you would not be required to be
absent from such metropolitan area for any number of          days in any fiscal year of
the Company exceeding the average number of days per year you were absent          from
such metropolitan area during the two fiscal years prior to the change in control. 

B.    In the event
that the Company terminates your employment within the 24-month period following
         the change in control other than for “disability” or “cause” (as defined in the
standard KEESA agreement          referenced above) or in the event that, after
reasonable notice and opportunity to cure, you terminate          your employment during
such 24-month period because of the Company’s breach of its obligations in A
         above, you would be entitled to the following: 

1.    Separation Pay:

         You would receive promptly after your separation date the cash separation
payment described in C below.          The separation payment would be subject to federal
tax at the supplemental rate in effect at the time of          such payment. 

2.    Pro-Rated STIP:

         You would be eligible to receive a pro-rated STIP at target payment for the
current year in which the          termination of employment occurs.  The payment would
be made promptly after the separation date. 

3.    Medical and
Dental Insurance Coverage:
          You would be eligible for the Company’s standard
medical and dental insurance coverage in which you were          enrolled on the
separation date, until the earliest of your eligibility for coverage by another
         employer, your coverage under your spouse’s employer, or through the end of the
month in which occurred          the one-year anniversary of your separation date.
 During such period, your cost would be limited to          that applicable to
then-active employees with similar coverage.  You would have to elect COBRA to
         receive this benefit.  Each month of benefits provided to you under this
provision would be deducted          from the total benefit continuation provided under
COBRA, subject to the COBRA notification letter          provided to you. 

4.    Outplacement:

         You would be eligible for outplacement services in an amount up to $16,000. 

5.    Company
Automobile:
          You would continue to have the use of your company-leased vehicle
for 3-months following the separation          date. 

6.    Accrued
Benefits:
          You would receive your vested accrued benefits under the Company’s
various benefit plans, including, but          not by way of limitation, your 401(k) and
pension benefits and your accrued but unused vacation pay (at          a minimum pursuant
to the company policy in effect prior to the change in control). 

C.    The separation
payment that you would receive pursuant to B 1 above would be the sum of (i) and
         (ii): 

        (i).
    Your annual base salary (i.e., 12 times the highest monthly base salary for the
         12-month period preceding the change in control, plus any upward adjustments
from time to time          thereafter); and 

        (ii).
   The sum of your highest (x) annual bonus award and (y) long-term cash incentives
         earned with respect to, or, if more favorable to you, paid to (or deferred by)
you in, any one fiscal          year with respect to the three fiscal years of the
Company preceding the separation date. 

You shall not be required
to mitigate the amount of the separation payment by securing other employment          or
otherwise, nor will such payment be reduced by reason of your securing other employment
or for any          other reason.  Notwithstanding the foregoing, if any portion of the
separation payment or any other          payment under this Agreement or under any other
agreement with or plan of the Company (in the aggregate,          “Total Payments”),
would constitute an “excess parachute payment” (as defined in Section 280G of the
         Code) then the Total Payments to be made to you would be reduced such that the
value of the aggregate          Total Payments that you would be entitled to receive
would be One Dollar ($1.00) less than the maximum          amount which you could receive
without becoming subject to the tax imposed by Section 4999 of the Code          or which
the Company may pay without loss of deduction under Section 280G(a) of the Code. 

Sincerely, 

/s/ Stephanie A. Streeter 

Stephanie A. Streeter

         Chairman, President and CEO[BANTA LETTERHEAD] 

October 31, 2006 

Confidential 

Ms. Sara
Armbruster
4916 N Waterford Drive
Appleton, WI 54913 

Dear Sara: 

In the event that Banta
should incur a “Change in Control of the Company” as defined in the Company’s
standard KEESA agreement as filed with the SEC as Exhibit 10(e) to the Company’s
Form 10-K for the year ended January 1, 2000, you will be entitled to the following:  

A.    During your
continued employment after such change in control, you would                     receive
a compensation package that would be at least comparable in all material
                    respects to the package in effect immediately prior to the change in
control.                     During such period, the services to be performed by you
would be of the same job                     content and scope as your position
immediately prior to the change in control,                     rendered in the same
metropolitan area in which you were principally employed                     during the
6-month period prior to the change in control, and you would not be
                    required to be absent from such metropolitan area for any number of
days in any                     fiscal year of the Company exceeding the average number
of days per year you                     were absent from such metropolitan area during
the two fiscal years prior to the                     change in control.  

B.    In the event that the
Company terminates your employment within the 24-month                     period
following the change in control other than for “disability” or
                    “cause” (as defined in the standard KEESA agreement
referenced above)                     or in the event that, after reasonable notice and
opportunity to cure, you                     terminate your employment during such
24-month period because of the                     Company’s breach of its
obligations in A above, you would be entitled to                     the following:  

1.    Separation Pay:
You would receive
promptly after your separation date the cash separation payment described in C below. The
separation payment would be subject to federal tax at the supplemental rate in effect at
the time of such payment.  

2.    Pro-Rated
You would be eligible to
receive a pro-rated STIP at target payment for the current year in which the termination
of employment occurs. The payment would be made promptly after the separation date.  

3.     Medical
and Dental Insurance Coverage:
You would be eligible for
the Company’s standard medical and dental insurance coverage in which you were
enrolled on the separation date, until the earliest of your eligibility for coverage by
another employer, your coverage under your spouse’s employer, or through the end of
the month in which occurred the one-year anniversary of your separation date. During such
period, your cost would be limited to that applicable to then-active employees with
similar coverage. You would have to elect COBRA to receive
this benefit. Each month of benefits provided to you under this provision
would be deducted from the total benefit continuation provided under COBRA, subject to
the COBRA notification letter provided to you.  

4.    Outplacement:
You would be eligible for
outplacement services in an amount up to $16,000.  

5.    Company Automobile:    
You would continue to
have the use of your company-leased vehicle for 3-months following the separation date.  

6.    Accrued
Benefits:
You would receive your
vested accrued benefits under the Company’s various benefit plans, including, but
not by way of limitation, your 401(k) and pension benefits and your accrued but unused
vacation pay (at a minimum pursuant to the company policy in effect prior to the change
in control).  

C.    The separation
payment that you would receive pursuant to B 1 above would be                     the sum
of (i) and (ii): 

        (i).                      Your
annual base salary (i.e., 12 times the highest monthly base salary for the
               12-month period preceding the change in control, plus any upward
adjustments                from time to time thereafter); and  

        (ii).                      Your
highest annual bonus award paid to (or deferred by) you in any one fiscal
               year with respect to the three fiscal years of the Company preceding the
               separation date.  

You shall not be required
to mitigate the amount of the separation payment by securing other employment or
otherwise, nor will such payment be reduced by reason of your securing other employment
or for any other reason. Notwithstanding the foregoing, if any portion of the separation
payment or any other payment under this Agreement or under any other agreement with or
plan of the Company (in the aggregate, “Total Payments”), would constitute an
“excess parachute payment” (as defined in Section 280G of the Code) then the
Total Payments to be made to you would be reduced such that the value of the aggregate
Total Payments that you would be entitled to receive would be One Dollar ($1.00) less
than the maximum amount which you could receive without becoming subject to the tax
imposed by Section 4999 of the Code or which the Company may pay without loss of
deduction under Section 280G(a) of the Code.  

Sincerely, 

/s/ Stephanie A. Streeter 

Stephanie A.
Streeter
Chairman, President and CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}]]