Document:

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                                                                    Exhibit 10.9

                           INTERNATIONAL PAPER COMPANY
                      LONG-TERM INCENTIVE COMPENSATION PLAN
                           EXECUTIVE CONTINUITY AWARD
                           RESTRICTED STOCK AGREEMENT

         The International Paper Company Long-Term Incentive Compensation Plan
(the "Plan") provides in Section 16 that the Committee of the Board which
administers the Plan (the "Committee") may authorize an Executive Continuity
Award consisting of a tandem grant of Restricted Shares of common stock of
International Paper Company (the "Company"), together with a related
Non-Qualified Stock Option under the terms of the Plan. The terms and provisions
of the Plan are incorporated by reference herein. In connection with the
employment of PARTICIPANT NAME (the "Executive") and pursuant to the provisions
of the Plan and by direction of the Committee of the Board of Directors which is
authorized to administer the Plan, the following agreement is made on DATE OF
AWARD, between the Company and the Executive:

1.       SHARE

         The term "Share" or "Stock" as used in this Restricted Stock Agreement
shall mean a share of common stock of $1.00 par value of International Paper
Company.

2.       COMPLIANCE WITH LAW AND REGULATIONS

         It is the intention of the parties that this Restricted Stock
Agreement, and any securities issued pursuant to this Agreement, shall comply
with all provisions of federal and applicable state securities laws.

3.       AWARD OF RESTRICTED SHARES

         (a)   Subject to the provisions of the Plan and this Restricted Stock
               Agreement, the Company hereby awards and authorizes the issuance
               to Executive of XX,XXX Restricted Shares. Such Shares shall be
               issued with the restriction that the Executive may not sell,
               transfer, pledge, or assign such Shares until the Shares are
               earned and the restrictions are removed as described below, and
               shall be subject to forfeiture and cancellation pursuant to the
               provisions of the Plan and this Agreement.

         (b)   Exercise of the related tandem Executive Continuity Award Stock
               Option Agreement between the parties dated DATE OF AWARD, will
               result in cancellation and forfeiture of Restricted Shares
               awarded to Executive under the Restricted Stock Agreement at the
               ratio of: one share of Restricted Stock (plus all shares of
               Restricted Stock purchased with reinvested dividends paid on such
               Shares) for each five Option Shares purchased upon exercise of
               the Executive Continuity Award Stock Option.

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         (c)   All dividends paid on Restricted Shares shall be reinvested in
               additional Restricted Shares (which shall be subject to being
               earned by the Executive on the same basis as the original
               Shares).

         (d)   The number of Shares determined by the Committee to have been
               earned by Executive under the Plan and this Restricted Stock
               Agreement shall be final, conclusive and binding upon all
               parties, including the Company, the shareowners and the
               Executive.

4.       METHOD OF EARNING EXECUTIVE CONTINUITY AWARD SHARES AND REMOVAL OF
         RESTRICTIONS

         (a)   Upon Executive's attainment of age AGE (on SNAP SHOT DATE) while
               employed by the Company, (or death or the Executive's becoming
               disabled as such condition is determined in the sole discretion
               of the Committee, if earlier) or upon a change of control of the
               Company (as defined in subsection (b) below), the restrictions on
               the Executive Continuity Award will be removed, and the award
               will vest in the following manner:

                (i)   If the current realizable gain on the Executive's related
                      tandem Executive Continuity Award Stock Option dated DATE
                      OF AWARD, is greater than the current market value of the
                      related Restricted Shares awarded under this Restricted
                      Stock Agreement (including Restricted Shares purchased
                      with reinvested dividends), then all such Restricted
                      Shares shall be cancelled and forfeited (and the Stock
                      Option shall continue in effect as provided in the Stock
                      Option Agreement).

                (ii)  If the current market value of the Restricted Shares
                      awarded under this Restricted Stock Agreement (including
                      Restricted Shares purchased with reinvested dividends) is
                      greater than the current realizable gain on the related
                      tandem Stock Option, then the option shall be cancelled
                      and the restrictions shall be removed from all of the
                      Restricted Shares under this Agreement.

         If Executive ceases to be an active employee of the Company prior to
         age AGE for any reason other than death or disability as described
         above, all of the Restricted Shares under this Agreement shall be
         cancelled and forfeited unless the Committee determines otherwise
         pursuant to Section 2 of the Plan.

         (b)   For purposes of this Agreement, the term "change of control of
               the Company" shall mean a change in control of a nature that
               would be required to be reported in response to Item 6(e) of
               Schedule 14A of Regulation 14A promulgated under the Securities
               Exchange Act of 1934, as amended ("Exchange Act"); provided that,
               without limitation, such a change in control shall be deemed to
               have occurred if (i) any "person" as such term is used in Section
               13(d) and 14(d)(2) of the Exchange Act (other than employee
               benefits plans sponsored by the Company) is or becomes the
               beneficial owner, directly or indirectly, of securities of the
               Company

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               representing 20% or more of the combined voting power of
               the Company's then outstanding securities, or (ii) during any
               period of two consecutive years, individuals who at the beginning
               of such period constitute the Board of Directors of the Company,
               cease for any reason to constitute at least a majority thereof
               unless the election, or the nomination for election, by the
               Company's shareowners of each new director was approved by a vote
               of at least two-thirds of the directors still in office who were
               directors at the beginning of the period, except that a change of
               control for purpose of this Agreement shall not include a
               transaction initiated by management such as a management led
               buyout or recapitalization except where such transaction (1) is
               in response to the acquisition of 10% or more of the Company's
               stock or the announcement of a tender offer for 20% or more of
               the Company's stock (other than by employee benefit plans
               sponsored by the Company); or (ii) is approved by the Board in
               accordance with the standards set forth in Section 717 of the New
               York Business Corporation Law or any successor provision.

5.       DESIGNATION OF BENEFICIARY

         The Executive may file with the Committee a designation of a
beneficiary or beneficiaries on a form approved by the Committee, which
designation may be changed or revoked by the Executive's sole action, provided
that the change or revocation is filed with the Committee on a form approved by
it. In case of the death of the Executive, before termination of employment or
after retirement or disability, any portions of the Executive's award to which
the Executive's designated beneficiary or estate is entitled under the Plan and
this Restricted Stock Agreement, shall be paid to the beneficiary or
beneficiaries so designated or, if no beneficiary has been designated or
survives the Executive, shall be delivered as directed by the executor or
administrator of the Executive's estate.

6.       NON-TRANSFERABILITY OF AWARDS AND SHARES

         No award or Share under this Plan, and no rights or interest therein,
shall be assignable or transferable by the Executive, except at death by will or
by the laws of descent and distribution.

7.       CONFIDENTIALITY AND NON-COMPETITION AGREEMENT

         Attached to this Award Agreement and incorporated herein by this
reference is a copy of the Confidentiality and Non-Competition Agreement entered
into between the Company and the Executive. In the event either (1) the
Executive has not yet signed a Confidentiality and Non-Competition Agreement, or
(2) the form of the Confidentiality and Non-Compettion Agreement has been
updated since the date of the most recent Confidentiality and Non-Competition
Agreement signed by the Executive, then a blank form has been attached to be
signed by the Executive and the Company and incorporated into this Award
Agreement.

8.       OTHER TERMS AND CONDITIONS

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         (a)   Executive (or his or her estate or beneficiary) shall promptly
               provide all information related to this Restricted Stock
               Agreement which is requested by the Company for its tax returns.

         (b)   Executive acknowledges receipt of a copy of the Plan, and
               represents that Executive is familiar with the terms and
               provisions of the Plan, and hereby accepts the Restricted Shares
               awarded under this Restricted Stock Agreement subject to all the
               terms and provisions of the Plan and this Agreement. Executive
               hereby agrees to accept as binding, conclusive and final all
               decisions which are made by the Committee with respect to
               interpretations of the terms of the Plan or this Agreement and
               with respect to any questions or disputes arising under the Plan
               or this Agreement.

         (c)   All of the terms and conditions of the Plan and this Restricted
               Stock Agreement shall be binding upon any surviving spouse,
               beneficiary, executor, administrator, heirs, successors or
               assigns of Executive.

         (d)   Participation in the Plan, and execution of this Restricted Stock
               Agreement, shall not give the Executive any right to a subsequent
               award, nor any right to continued employment by the Company for
               any period, nor shall the granting of an award or execution of
               this Agreement give the Company any right to continued services
               of the Executive for any period.

         (e)   All Restricted Shares awarded under this Restricted Stock
               Agreement, and purchased with reinvested dividends, will be
               uncertificated shares with notations describing the applicable
               restrictions of the Plan and this Agreement, and no stock
               certificates will be issued by the Company or its designated
               custodian until the restrictions are removed and, then, only at
               the request of the Executive.

IN WITNESS WHEREOF, the parties hereby execute this Executive Continuity Award
Restricted Stock Agreement, effective as of DATE OF AWARD.

INTERNATIONAL PAPER COMPANY

               By:                       ____________________________________
               Title:                    Senior Vice President-Human Resources

               Signature of Executive:   ____________________________________

               Address:                  ____________________________________

               Social Security Number:   ____________________________________

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                           INTERNATIONAL PAPER COMPANY
                      LONG-TERM INCENTIVE COMPENSATION PLAN
                           EXECUTIVE CONTINUITY AWARD
                      NON-QUALIFIED STOCK OPTION AGREEMENT

         This agreement is made effective DATE OF AWARD, between International
Paper Company, a New York Corporation (the "Company") and PARTICIPANT NAME (the
"Executive") in connection with the employment of Executive and pursuant to the
provisions of the International Paper Company Long-Term Incentive Compensation
Plan (the "Plan"). The terms and provisions of the Plan are incorporated by
reference herein.

         Pursuant to the provisions of the Plan and by direction of the
Committee of the Board of Directors which is authorized to administer the Plan
(the "Committee"), it is hereby agreed between the parties as follows:

1.       GRANT OF OPTION

         Subject to the provisions of the Plan and this Agreement, the Company
hereby grants to Executive an option to purchase XX,XXX shares of common stock
(par value $1.00) of the Company at a purchase price of $xx.xxxx per share
(which option price has been determined by the Committee to be not less than the
fair market value of such stock at the time this option is granted).

2.       COMPLIANCE WITH LAWS AND REGULATIONS

         It is the intention of the parties that this option shall satisfy the
provisions of SEC Rule 16b-3 relating to transactions occurring under employee
benefit plans. For federal income tax purposes this is a Non-Qualified Stock
Option which does not come within the scope of Sections 421-425 of the Internal
Revenue Code (relating to Qualified, Incentive and Restricted Stock Options).

3.       TERMINATION OF OPTION

         Any unexercised portion of this option shall terminate, and shall not
be exercisable, on and after attaining age AGE (TERMINATE DATE) provided,
however, that this option shall terminate immediately if Executive ceases to be
an employee of the Company prior to attaining age AGE (VESTING DATE) (except as
provided in Sections 5 or 6 below in the event of disability or death, or unless
the Committee determines otherwise pursuant to Section 2 of the Plan).

4.       EXERCISE OF OPTION

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         This option may be exercised at any time, and from time to time, in
whole or in part, until the termination of the option as provided in Sections 3
or 8 of this Agreement; provided however that:

         (a)      The Executive has continuously been an employee of the Company
                  (or a subsidiary corporation) since the date the option was
                  granted (except as provided in Sections 5 or 6 below in the
                  event of disability or death).

         (b)      This option shall in no event be exercisable after the latest
                  date set forth in Section 3 above.

         (c)      This option is not transferable or assignable by the Executive
                  otherwise than by will or the laws of descent and
                  distribution, and during the lifetime of the Executive is
                  exercisable only by the Executive.

         (d)      This option shall in no event be exercisable if the issuance
                  of the shares upon such exercise would constitute a violation
                  of any applicable federal or state securities statutes or
                  other law or valid governmental regulation.

         (e)      In the event this option is exercised prior to VESTING DATE,
                  then the Company shall have the right (but not an obligation)
                  to repurchase from Executive, at the purchase price which is
                  set forth in Section 1 of this Agreement, the shares which are
                  registered in the name of the Executive upon such exercise of
                  this option. Such shares shall be uncertificated and contain a
                  notation setting forth this restriction, and no certificate
                  shall be issued by the Company until the restriction expires
                  or terminates and, then, only at the request of the Executive.
                  This restriction shall lapse upon a "change of control of the
                  Company" (as defined below), or upon Executive's retirement
                  after age AGE, permanent disability (as defined in Section 5
                  below), or death. For purposes of this Agreement, the term
                  "change of control of the Company" shall mean a change of
                  control of a nature that would be required to be reported in
                  response to Item 6(e) of Schedule 14a of Regulation 14A
                  promulgated under the Securities Exchange Act of 1934, as
                  amended ("Exchange Act"); provided that, without limitation,
                  such a change of control shall be deemed to have occurred if
                  (i) any "person" as such term is used in Sections 13(d) and
                  14(d)(2) of the Exchange Act (other than employee benefit
                  plans sponsored by the Company) is or becomes the beneficial
                  owner, directly or indirectly, of securities of the Company
                  representing 20% or more of the combined voting power of the
                  Company's then outstanding securities, or (ii) during any
                  period of two consecutive years, individuals who at the
                  beginning of such period constitute the Board of Directors of
                  the Company, cease for any reason to constitute at least a
                  majority thereof unless the election, or the nomination for
                  election, by the Company's share owners of each new director
                  was approved by a vote of at least two-thirds of the directors
                  still in office who were directors at the beginning of the
                  period, except that a change of control

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                  for purpose of this Stock Option Agreement shall not include a
                  transaction initiated by management (such as a management led
                  buyout or recapitalization) except where such transaction: (1)
                  is in response to the acquisition of 10% or more of the
                  Company's stock or to the announcement of a tender offer for
                  20% or more of the Company's stock (other than by employee
                  benefit plans sponsored by the Company); or (ii) is approved
                  by the Board of Directors of the Company in accordance with
                  the standards set forth in Section 717 of the New York
                  Business Corporation Law or any successor provision.

         (f) This option shall be exercisable by written notice which shall:

                  (i)      be delivered in person or by certified mail to:

                                    International Paper Company
                                    Two Manhattanville Road
                                    Purchase, New York  10577
                                    Attention: Executive Compensation

                  (ii)     state the election to exercise the option, the number
                           of shares as to which it is being exercised, and the
                           name, address and Social Security number of the
                           person in whose name the stock is to be registered;

                  (iii)    be signed by the person entitled to exercise the
                           option and, if the option is being exercised by any
                           person other than the Executive, be accompanied by
                           proof, satisfactory to counsel for the Company, of
                           the right of such person to exercise the option; and

                  (iv)     be for multiples of 100 shares, or for the entire
                           outstanding portion of this option.

         (g)      Payment of the purchase price for any shares with respect to
                  which the option is being exercised shall be by certified or
                  bank check or other cash equivalent (or, in the sole
                  discretion of the Committee, in stock of the Company owned by
                  the Executive including Performance Share Stock awarded under
                  the Plan).

         (h)      This option shall not be exercisable as an "incentive stock
                  option" pursuant to the provisions of Section 422 of the
                  Internal Revenue Code.

5.       DISABILITY OF EXECUTIVE

         In the event the Executive becomes disabled (as such condition is
determined in the sole discretion of the Committee) prior to age AGE, this
option may be exercised for up to one year after the date of such disability by
the Executive, or by the person or persons who have acquired the rights of the
Executive by will or under the laws of descent and distribution.

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6.       DEATH OF EXECUTIVE

                  In the event of death of the Executive prior to age AGE, this
option may be exercised for up to one year after the Executive's death by the
beneficiary or beneficiaries so designated, or if no beneficiary has been
designated or survives the Executive, by the person or persons who have acquired
the rights of the Executive by will or under the laws of descent and
distribution.

7.       INFORMATION FOR COMPANY TAX RETURNS

         Executive (or his or her estate or beneficiary) shall promptly provide
all information related to this stock option, or disposition of stock acquired
under this option, which is requested by the Company for its tax returns.

8.       CONFIDENTIALITY AND NON-COMPETITION AGREEMENT

         Attached to this Award Agreement and incorporated herein by this
reference is a copy of the Confidentiality and Non-Competition Agreement entered
into between the Company and the Participant. In the event either (1) the
Participant has not yet signed a Confidentiality and Non-Competition Agreement,
or (2) the form of Confidentiality and Non-Competition Agreement has been
updated since the date of the most recent Confidentiality and Non-Competition
Agreement signed by the Participant, then a blank form has been attached to be
signed by the Participant and the Company and incorporated into this Award
Agreement.

9.        OTHER TERMS AND CONDITIONS OF OPTION

          (a)     In the event of any stock dividend, split-up, reclassification
                  or other analogous change in capitalization or any
                  distribution (other than regular cash dividends) to holders of
                  the Company's common stock, the Committee shall make such
                  adjustments, if any, as in its sole discretion it deems
                  equitable in the number of shares covered by any outstanding
                  portion of this option.

         (b)      Prior to the exercise of this option and delivery of the stock
                  represented thereby, Executive shall have no rights to any
                  dividends nor be entitled to any voting rights on any stock
                  represented by this option.

         (c)      Executive acknowledges receipt of a copy of the Plan, and
                  represents that Executive is familiar with the terms and
                  provisions of the Plan, and hereby accepts this option subject
                  to all the terms and provisions thereof. Executive hereby
                  agrees to accept as binding, conclusive and final all
                  decisions which are made by the Committee with respect to
                  interpretation of the terms of the Plan or this option and
                  with respect to any questions or disputes arising under the
                  Plan or this option.

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         (d)      Executive authorizes the Company to withhold from the shares
                  deliverable upon exercise of this option, or from any
                  compensation otherwise payable to Executive, the amount of any
                  taxes which are required to be withheld by federal, state or
                  local law as a result of the exercise of this option.

         (e)      All of the terms and conditions of the Plan and this option
                  shall be binding upon any surviving spouse, beneficiary,
                  executor, administrator, heirs, successors or assigns of
                  Executive.

         (f)      At any time prior to exercise, this option shall be subject to
                  being terminated by the Committee, in the Committee's sole
                  discretion, if the Executive shall have been found by the
                  Committee (i) to be in breach of any agreement between the
                  Company and the Executive concerning confidentiality or
                  non-competition with the Company, (ii) to have engaged in any
                  action inimical to the interests of the Company, or engaged in
                  any acts of dishonesty or other serious misconduct in
                  connection with the Executive's employment by the Company or a
                  subsidiary.

IN WITNESS WHEREOF, the parties hereby execute this Stock Option Agreement,
effective as of DATE OF AWARD.

INTERNATIONAL PAPER COMPANY

              By:                       ____________________________________
              Title:                    Senior Vice President-Human Resources

              Signature of Executive:   ____________________________________

              Address:                  ____________________________________

              Social Security Number:   ____________________________________<PAGE>
                                                                Exhibit 10.10(a)

                                      Date

Mr.
Chairman & Chief Executive Officer
International Paper Company
Two Manhattanville Road
Purchase, New York 10577

Dear:

         International Paper Company (the "Company") considers the establishment
and maintenance of a sound and vital management to be essential to protecting
and enhancing the best interests of the Company and its shareholders. In this
connection, the Company recognized that, as is the case with many publicly held
corporations, the possibility of a change in control may exist and that such
possibility, and the uncertainty and questions which it may raise among senior
management, may result in the departure or distraction of senior management
personnel to the detriment of the Company and its shareholders. Accordingly, the
Company's Board of Directors has determined that appropriate steps should be
taken to reinforce and encourage the continued attention and dedication of
members of the Company's senior management, including yourself, to their
assigned duties without distraction in the face of the potentially disturbing
circumstances arising from the possibility of a change in control of the
Company.

         In order to induce you to remain in the employ of the Company, and to
continue to exercise your special skills and knowledge at the Company, this
letter agreement sets forth the benefits which the Company agrees will be
provided to you in the event of a "change in control of the Company" (as defined
in Section 2 hereof) under the circumstances described as follows.

                  1. TERM. This Agreement shall commence on the date hereof and
unless there is a "change in control of the Company" (as defined in Section 2
hereof), shall continue until the earlier of your termination of employment as a
"full-time employee" of the Company or the date you attain the age of 65 years,
or the date this Agreement is terminated by the Company in accordance with the
next sentence. If a change in control of the Company has not occurred, the
Company shall have the right at any time to terminate this Agreement by giving
you twelve months prior written notice of termination of this Agreement. If a
"change in control of the Company" occurs at any time prior to the actual

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termination of this Agreement, then this Agreement shall terminate on the
earlier of three (3) years following such "change in control" or the date you
attain the age of 65 years.

                  2. CHANGE IN CONTROL. For purposes of this Agreement, a
"change in control of the Company" shall mean a change in control of a nature
that would be required to be reported in response to Item 6(e) of Schedule 14A
of Regulation 14A promulgated under the Securities Exchange Act of 1934, as
amended ("Exchange Act"); provided that, without limitation such a change in
control shall be deemed to have occurred if (a) any "person" (as such term is
used in Sections 13(d) and 14(d)(2) of the Exchange Act, other than employee
benefit plans sponsored by the Company) is or becomes the beneficial owner,
directly or indirectly, of securities of the Company representing 20% or more of
the combined voting power of the Company's then outstanding securities, or (b)
during any period of two consecutive years, individuals who at the beginning of
such period constitute the Board of Directors of the Company (the "Board") cease
for any reason to constitute at least a majority thereof unless the election, or
the nomination for election, by the Company's shareholders of each new director
was approved by a vote of at least two-thirds of the directors then still in
office who were directors at the beginning of the period.

                  3. TERMINATION OF EMPLOYMENT FOLLOWING A CHANGE IN CONTROL. If
a change in control of the Company shall have occurred and your employment is
subsequently terminated by you or by the Company, you shall be entitled to the
benefits provided in Section 4 hereof for the respective reasons for termination
set forth therein. Such reasons are defined as follows:

                  (A) DISABILITY. Termination by the Company or you of your
employment based on "Disability" shall mean termination in accordance with the
Company's long-term disability policy generally applicable to its salaried
employees or in accordance with any long-term disability arrangement established
with your consent with respect to you.

                  (B) RETIREMENT. Termination by the Company or you of your
employment based on "Retirement" shall mean termination on or after age 65 in
accordance with the Company's retirement policy generally applicable to its
salaried employees or in accordance with any retirement arrangement established
with your consent with respect to you.

                  (C) CAUSE. The Company may terminate your employment for
Cause. For the purposes of this Agreement, the Company shall have "Cause" to
terminate your employment hereunder upon (i) the willful and continued failure
by you to substantially perform your duties with the Company (other) than any
such failure resulting from your incapacity due to physical or mental illness),
after a demand for substantial performance is delivered to you by the Board
which specifically identifies the manner in which the Board believes that you
have not substantially performed your duties, or (ii) the willful engaging by
you in gross misconduct materially and demonstrably injurious to the Company,
including, but not limited to, your conviction or guilty plea for any felony
crime. For purposes of this paragraph, no act, or failure to act, on your part
shall be considered

<PAGE>

"willful" unless done, or omitted to be done, by you not in good faith and
without reasonable belief that your action or omission was in the best interest
of the Company or, in the alternative, unless your act or failure to act has
resulted in your conviction or guilty plea for any felony crime. Notwithstanding
the foregoing, you shall not be deemed to have been terminated for Cause unless
and until there shall have been delivered to you a copy of a resolution duly
adopted by the affirmative vote of three-quarters (3/4) of the entire membership
of the Board at a meeting of the Board called and held for such purpose (after
reasonable notice to you and an opportunity for you, together with your counsel,
to be heard before the Board), finding that in the good faith opinion of the
Board you were guilty of conduct set forth above in clauses (i) or (ii) of this
paragraph and specifying the particulars thereof in detail.

                  (D) VOLUNTARY TERMINATION. You may terminate employment at any
time within a period of eighteen (18) months following a change in control of
the Company.

                  (E) NOTICE OF TERMINATION. Any termination by the Company
pursuant to subparagraphs (A), (B) or (C) above or by you pursuant to
subparagraph (D) above shall be communicated by written Notice of Termination to
the other party hereto. For purposes of this Agreement, a "Notice of
Termination" shall mean a notice which shall indicate the specific termination
provision in this Agreement relied upon and shall set forth in reasonable detail
the facts and circumstances claimed to provide a basis for termination of your
employment under the provision so indicated.

                  (F) DATE OF TERMINATION. "Date of Termination" shall mean (i)
if your employment is terminated for Disability or Retirement, the date of
termination as a "full-time employee" under the Company's long-term disability
policy or retirement policy, which is generally applicable to salaried
employees, or in accordance with any long-term disability or retirement
arrangement established with your consent with respect to you, (ii) if your
employment is terminated pursuant to subparagraph (D) above, the date specified
in the Notice of Termination, and (iii) if your employment is terminated for any
other reason, the date on which a Notice of Termination is given; provided that
if within ten (10) business days after any Notice of Termination is given the
party receiving such Notice of Termination notifies the other party that a
dispute exists concerning the termination, the Date of Termination shall be the
date on which the dispute is finally determined, either by mutual written
agreement of the parties, by a binding and final arbitration award, or by a
final judgment, order or decree of a court of competent jurisdiction (the time
for appeal therefor having expired and no appeal having been perfected).

                  4.      COMPENSATION UPON TERMINATION OR DURING DISABILITY.

                  (A) DISABILITY. During any period that you fail to perform
your duties hereunder as a result of incapacity due to physical or mental
illness, you shall continue to receive your full base salary and benefits at the
rate then in effect until your employment is terminated pursuant to paragraph
3(A) hereof. Thereafter, your benefits shall be determined in accordance with
the Company's Long Term Disability Plan, or a substitute

<PAGE>

plan then in effect, and the Company shall have no further obligations to you
under this Agreement.

                  (B) RETIREMENT. If your employment shall be terminated
pursuant to paragraph 3(B) hereof, your benefits shall be determined in
accordance with the Retirement Plan for Salaried Employees of International
Paper Company and the Supplemental Retirement Plan for Senior Managers (or
substitute plans then in effect) referred to collectively herein as the "Pension
Plan", and the Company shall have no further obligations to you under this
Agreement.

                  (C) CAUSE. If you employment shall be terminated for Cause,
the Company shall pay you your full base salary, plus normal benefits to which
you would otherwise be entitled, through the Date of Termination at the rate in
effect at the time Notice of Termination is given and the Company shall have no
further obligations to you under this Agreement.

                  (D) OTHER TERMINATIONS. Unless your employment is terminated
by death or pursuant to paragraph 3(A), 3(B) or 3(C) hereof, upon your
termination of employment, the Company shall pay to you the following amounts:

                  (i) Your full base salary through the Date of Termination at
the rate in effect at the time Notice of Termination is given plus an amount in
cash equal to the value of any vacation earned but not taken (based upon such
rate of base salary).

                  (ii) An amount equal to the product of (a) the sum of your
annual base salary at the rate in effect as of the Date of Termination,
multiplied by (b) the smaller of the number "four (4)" or the number of years
(including fractions) between the Date of Termination and the date you reach the
age of 65.

                  (iii) An amount equal to (a) the product of (x) the average
annual amount of your Management Incentive Plan ("MIP") or successor plan award
for the three (3) years preceding the year of the Date of Termination (the
"Termination Year") multiplied by (y) the smaller of the number "four (4)" or
the number of years (including fractions) between the Date of Termination and
the date you reach the age of 65; PLUS (b) an amount equal to the unpaid amount
of any deferred incentive award if you were the recipient of a deferred
incentive award which was not fully paid at the Date of Termination.

                  (iv) An amount equal to the following:

                           (a) The value of the product of your average earned
award (deferred and non-deferred) under the Performance Share Plan ("PSP") or
successor plan for the three (3) years preceding the Termination Year (but
excluding any special executive continuity award from that figure) multiplied by
the smaller of the number "four (4)" or the number of years (including
fractions) between the Date of Termination and the date you reach the age of 65;

<PAGE>

                           (b) the value of any Company Common Stock previously
earned but deferred under PSP or the former Performance Incentive Plan;

                           (c) the value to be used in determining awards under
this subsection (iv) shall be the average of the closing prices of Company
Common Stock as reported for New York Stock Exchange Composite Transactions (or
such other stock exchange where the Company's Common Stock is principally
listed) for thirty (30) consecutive trading days ending with the Date of
Termination.

                  (v) Stock options equal to the product of (a) the average
number of stock options awarded to you during the three (3) years prior to the
Termination Year (but excluding any special executive continuity award stock
options) multiplied by (b) the smaller of the number "four (4)" or the number of
years (including fractions between the Date of Termination and the date you
reach the age of 65; PLUS the extension of all stock options held by you for the
period from the Date of Termination until the end of the normal terms of the
options had you not left the Company.

                  (vi) A single lump-sum payment (determined by the Company's
outside auditors) which will approximately offset the economic effect of any
special federal excise tax which may be imposed under Sections 280G and 4999 of
the Internal Revenue Code on the termination payments made and benefits provided
under this Agreement (but not offsetting the economic effect of any federal,
state or local income taxes, and not offsetting any taxes resulting from the
removal of restrictions, pursuant to the terms of the plans under which awards
were made, on contingent performance shares, restricted performance stock,
restricted stock, earned deferred stock, executive continuity awards, or stock
options, because of a change in control of the Company).

                  (vii) The payment due you under the foregoing provisions of
this paragraph 4(D) shall be paid to you in cash in one lump sum payment no
later than the fifth business day following the Termination Date.

                  (viii) The payments made to you under the foregoing provisions
of this paragraph 4(D) shall be in lieu of any other salary payments, or
payments under compensation or deferred compensation plans (other than payments
due from trusts) for periods prior to and subsequent to the Date of Termination.

                  (E) NORMAL BENEFITS. Unless your employment is terminated by
death or pursuant to paragraphs 3(A), 3(B) or 3(C), the Company shall maintain
in full force and effect for the continued benefit of you and your dependents
until the date you reach the age of 65, all employee benefit plans and programs
or arrangements in which you were entitled to participate immediately prior to
the Date of Termination (including medical and dental insurance coverage for you
your dependents) except the Company's Salary Continuance Plan, Long-Term
Disability Plan, travel and accident insurance, and the savings investment
plans, provided that your continued participation is possible under the general
terms and provisions of such plans and programs. In the event that your
participation in any such plan or program is barred, the Company shall arrange
to provide you with benefits substantially similar to those which you are
entitled to receive under such plans and programs except as otherwise provided
in paragraph 4(F) below. At the end of the

<PAGE>

period of coverage, you shall have the option to have assigned to you at no cost
and with no apportionment of prepaid premiums, any assignable insurance policy
owned by the Company and relating specifically to you. That portion of the
payment described in paragraph 4(D) above which constitutes "compensation" (as
that term is defined under the Pension Plan) shall be included in determining
your benefit entitlement under the terms of the Pension Plan. It is understood
and agreed that you shall be entitled to any benefits in which you are vested as
of termination pursuant to the terms of the respective benefit plans including,
without limitation, the Pension Plan.

                  (F) BENEFITS OUTSIDE THE PENSION PLAN. Unless your employment
is terminated by death or pursuant to paragraphs 3(A), 3(B) or 3(C) hereof, you
shall be entitled to a lump sum cash payment in addition to the payment set
forth in paragraph 4(D) calculated as follows:

                  (i) Your vested benefits under the terms of the Pension Plan
will be paid to you pursuant to paragraph 4(E); in addition, you shall be paid
under this paragraph 4(F) a sum equal to the difference between (a) the
actuarial present value on the Termination Date of your accrued vested benefits
under the Pension Plan (payable as a life annuity from age 65), and (b) the
actuarial present value on the Termination Date of what your accrued benefits
under the Pension Plan (payable as a life annuity from age 65) would have been
if the period and payments referred to in paragraph 4(D)(ii) and (iii)hereof
were recognized under the Pension Plan.

                  (ii) In calculating the lump sum payment referred to in
paragraph (F)(i) above, the Company will use the applicable Pension Benefit
Guaranty Corporation interest rate effective as of your Termination Date and
will make the lump sum cash payment no later than thirty days following the date
of determination of the amount due.

                  (G) NON-MITIGATION OF DAMAGES. You shall not be required to
mitigate the amount of any payment provided for in this paragraph 4 by seeking
other employment or otherwise, nor shall the amount of any payment provided for
in this paragraph 4 by reduced by any compensation earned by you as a result of
employment by another employer after the Date of Termination, or otherwise.

                  5.      SUCCESSOR; BINDING AGREEMENT.

                  (A) SUCCESSOR COMPANIES. The Company will require any
successor (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of the
Company, by agreement in form and substance satisfactory to you, expressly to
assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. Failure of the Company to obtain such agreement prior to the
effectiveness of any such succession shall be a breach of this Agreement and
shall entitle you to terminate your employment and to receive compensation from
the Company in the same amount and on the same terms as you would be entitled
hereunder if

<PAGE>

you voluntarily terminated your employment following a change in control of the
Company, except that for purposes of implementing the foregoing, the date on
which any such succession becomes effective shall be deemed the Date of
Termination. As used in this Agreement, "Company" shall mean the Company as
hereinbefore defined and any successor to its business and/or assets as
aforesaid which executes and delivers the agreement provided for in this
paragraph 5 or which otherwise becomes bound by all the terms and provisions of
this Agreement by operation of law.

                  (B) HEIRS; REPRESENTATIVES. This Agreement shall inure to the
benefit of and be enforceable by your personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and
legatees. If you should die while any amounts would still be payable to you
hereunder if you continued to live, all such amounts, unless otherwise provided
herein, shall be paid in accordance with the terms of this Agreement to your
devisee, legatee, or other designee, or, if there be no such designee, to your
estate.

                  6. NOTICE. For the purposes of this Agreement, notices and all
other communications provided for in the Agreement shall be in writing and shall
be deemed to have been duly given when delivered or mailed by United States
certified mail, return receipt requested, postage prepaid, addressed to the
respective addresses set forth on the first page of this Agreement, provided
that all notices to the Company shall be directed to the attention of the Senior
Vice President Human Resources of the Company with a copy to the Secretary of
the Company, or to such other address as either party may have furnished to the
other in writing in accordance herewith, except that notices of change of
address shall be effective only upon receipt.

                  7. MISCELLANEOUS. This Agreement constitutes the entire
agreement on this subject matter between the parties and supersedes any prior
oral or written agreements or understandings on the subject matter covered by
this Agreement. No significant provisions of this Agreement may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to
in writing signed by you and both the Chairman of the Compensation Committee of
the Board of Directors and the Senior Vice President Human Resources. No waiver
by either party hereto at any time of any breach by the other hereto of, or
compliance with, any condition or provision of this Agreement to be performed by
such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. In the event that
this Agreement provides benefits upon termination of your employment which
duplicate benefits contained in any other employment arrangement with you, such
arrangement shall automatically be amended in accordance with this Agreement so
that your benefits under this Agreement shall be sole and exclusive to the
extent to which they are duplicative. Any benefits upon termination to which you
are entitled under other employment arrangement with the Company which are in
excess of those provided hereunder shall remain in effect upon the terms
provided under such arrangement. The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of New
York.

<PAGE>

                  8. VALIDITY. The invalidity or unenforceability of any
provisions of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, which shall remain in full force and
effect.

                  9. ARBITRATION; LEGAL EXPENSES. Any dispute or controversy
arising under or in connection with this Agreement shall be settled exclusively
by arbitration in New York, New York, in accordance with the rules of the
American Arbitration Association then in effect. Notwithstanding the pendency of
any such dispute or controversy, the Company will continue to pay you your base
salary in effect when the notice giving rise to the dispute was given and
continue you as a participant in all compensation, benefit and insurance plans
in which you were participating when the notice giving rise to the dispute was
given, until the dispute is finally resolved.

         The Company shall also pay all legal fees and expenses incurred by you
as a result of such termination (including all such fees and expenses, if any,
incurred in contesting or disputing any such termination or in seeking to obtain
or enforce any right or benefit provided by this Agreement). All amounts paid
under this paragraph are in addition to any other amounts due under this
Agreement and shall not be offset against or reduce any other amounts due under
this Agreement.

         Judgement may be entered on the arbitrator's award in any court having
jurisdiction; provided, however, that you shall be entitled to seek specific
performance of your right to be paid until the Date of Termination during the
pendency of any dispute or controversy arising under or in connection with this
Agreement.

         If this letter correctly sets forth our agreement on the subject matter
hereof, kindly sign and return to the Company the enclosed copy of this letter
which will then constitute our agreement on this subject.

                                           Sincerely,

                                           INTERNATIONAL PAPER COMPANY

                                           By __________________________
                                              Senior Vice President
                                              Human Resources

AGREED:

------------------------------------

<PAGE>

Social Security Number: __________________________

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