Document:

Exhibit

THIRD AMENDMENT TO THE
GPI SAVINGS PLAN
(As Amended and Restated Effective January 1, 2015)

WHEREAS, the Board of Directors of Graphic Packaging Holding Company (the “Company”) has delegated to the Retirement Committee of Graphic Packaging International, Inc. (the “Retirement Committee”) the responsibility to make certain amendments to the GPI Savings Plan (the “Plan”); and

WHEREAS, the Retirement Committee deems it desirable to retroactively amend the Plan, in a manner approved by the Internal Revenue Service under its Voluntary Correction Program, to include as eligible compensation, for a limited period of time, certain wage types that, due to an administrative error, were improperly treated as eligible compensation under the Plan; 
    
NOW, THEREFORE, BE IT RESOLVED, that, effective as of September 24, 2009, the Plan is hereby amended as follows:

1.    Section 1.21(a) of the Plan is amended by adding the following sentence after the third sentence of such section:

“Notwithstanding the foregoing exclusions, for the period beginning September 24, 2009 and ending August 25, 2015, Compensation shall include any payments made using payroll code ‘1099,’ as reflected in the administrative records of the Controlling Company.”

BE IT FURTHER RESOLVED, that the Retirement Committee has approved this Third Amendment to the GPI Savings Plan this 4th day of March, 2016.

GRAPHIC PACKAGING INTERNATIONAL, INC. RETIREMENT COMMITTEE MEMBERS

    
	
		
	By:
	/s/ Stephen R. Scherger

	 
	Stephen R. Scherger

	 
	 

	By:
	/s/ Carla J. Chaney

	 
	Carla J. Chaney

	 
	 

	By:
	/s/ Debbie Frank

	 
	Debbie Frank

	 
	 

	By:
	/s/ Brad Ankerholz

	 
	Brad Ankerholz

	 
	 

	By:
	/s/ Brian A. Wilson

	 
	Brian W. Wilson

w:\4577.005\docs\3rd amendment gpi savings (1-1-2015 restatement)_v2.docx

1Exhibit

FOURTH AMENDMENT TO THE
GPI SAVINGS PLAN
(As Amended and Restated Effective January 1, 2015)

WHEREAS, Graphic Packaging International, Inc. (the “Company”) maintains for the benefit of its employees the GPI Savings Plan (the “Plan”); and

WHEREAS, Section 13.1 of the Plan authorizes the Board of Directors of Graphic Packaging Holding Company (the “Board”) to amend the Plan at any time; and

WHEREAS, the Board has delegated to the Retirement Committee of Graphic Packaging International, Inc. (the “Retirement Committee”) the responsibility to make certain amendments to the Plan; and

WHEREAS, the Company has agreed to acquire the assets (the “Transaction”) of Metro Packaging & Imaging, Inc. (“Metro Packaging”); and

WHEREAS, in connection with the Transaction, employees of Metro Packaging will become employees of the Company effective as of the closing date of the Transaction (the “Closing Date”); and

WHEREAS, the Retirement Committee deems it desirable to amend the Plan to recognize employees’ service with Metro Packaging for purposes of the Plan;

NOW, THEREFORE, BE IT RESOLVED, that, effective as of the Closing Date, the Plan is hereby amended as follows:

1.Subsection 1.101 of the Plan is amended by adding the following sentence to the end thereof:

“An Employee’s period of service with Metro Packaging & Imaging, Inc., to the extent not otherwise counted hereunder, will be taken into account in determining his Year of Eligibility Service, provided that such Employee was employed by Metro Packaging & Imaging, Inc. immediately prior to the closing of the acquisition of Metro Packaging & Imaging, Inc. by the Company.”

2.Subsection 1.102(d) of the Plan is amended to read as follows:

(d)    Predecessor Employer.  An Employee’s periods of employment credited for vesting purposes under the Altivity Plan as of December 31, 2008 and the Rose City Plan as of December 31, 2015 will be taken into account in determining his Years of Vesting Service.  An Employee’s periods of employment with Carded Graphics, LLC will be taken into account in determining his Years of Vesting Service, provided that such Employee was employed by Carded Graphics, LLC as of the close of business on September 31, 2015.  An Employee’s periods of employment 

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with Walter G. Anderson, Inc. will be taken into account in determining his Years of Vesting Service, provided that such Employee was employed by Walter G. Anderson, Inc. immediately prior to the closing of the acquisition of Walter G. Anderson, Inc. by the Controlling Company.  An Employee’s periods of employment with Metro Packaging & Imaging, Inc. will be taken into account in determining his Years of Vesting Service, provided that such Employee was employed by Metro Packaging & Imaging, Inc. immediately prior to the closing of the acquisition of Metro Packaging & Imaging, Inc. by the Company.

BE IT FURTHER RESOLVED, that the Retirement Committee has approved this Fourth Amendment to the GPI Savings Plan this 29th day of March, 2016.

GRAPHIC PACKAGING INTERNATIONAL, INC. RETIREMENT COMMITTEE MEMBERS

    
	
		
	By:
	/s/ Brad Ankerholz

	 
	Brad Ankerholz

	 
	 

	By:
	/s/ Carla J. Chaney

	 
	Carla J. Chaney

	 
	 

	By:
	/s/ Debbie Frank

	 
	Debbie Frank

	 
	 

	By:
	/s/ Stephen Scherger

	 
	Stephen Scherger

	 
	 

	By:
	/s/ Brian A. Wilson

	 
	Brian A. Wilson

        

2Exhibit

FOURTH AMENDMENT TO THE
GRAPHIC PACKAGING RETIREMENT PLAN
(As Amended and Restated Effective January 1, 2015)

WHEREAS, the Compensation and Benefits Committee of the Board of Directors of Graphic Packaging Holding Company has delegated to the Retirement Committee (the “Retirement Committee”) of Graphic Packaging International, Inc. (the “Company”) the responsibility to make certain amendments to the Graphic Packaging Retirement Plan (the “Plan”); and

WHEREAS, the Retirement Committee deems it desirable to amend the Plan to reflect recently negotiated benefit changes with respect to employees at the Company’s Menasha, Wisconsin and Wausau, Wisconsin facilities represented by Local 77-P of the Graphic Communications Conference of the International Brotherhood of Teamsters (GCC/IBT);

NOW, THEREFORE, BE IT RESOLVED, that, effective as of April 30, 2016, the Plan is hereby amended as follows:

1.    Article 1 of Appendix 9 is amended by adding a new Section 1.7A immediately following Section 1.7 to read as follows:

		
	“1.7A
	Non-Grandfathered Member means a Member who is in active employment, is on an approved Leave of Absence or Layoff as described in Section 1.7 or is on a military leave as described in Section 2.5, provided the Member’s reemployment rights are protected by law on April 30, 2016, and on April 30, 2016:

		
	(a)
	has not yet attained age 55, and

		
	(b)
	whose age measured in years (including fractional years) plus his years (including fractional years) of Benefit Service is less than 70.

A Member other than a Non-Grandfathered Member will be eligible to make a one-time irrevocable election on or before April 30, 2016, to waive participation under this Appendix 9 and by doing so shall become a Non-Grandfathered Member and shall cease to accrue Benefit Service on and after May 1, 2016.”

2.    Section 2.2 of Appendix 9 is amended by adding a paragraph at the end thereof to read as follows:

“A Non-Grandfathered Member shall not be credited with Benefit Service for any period of service or period of absence under this Appendix 9 after April 30, 2016.”

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3.    Effective as of April 30, 2016, Section 3.1 of Appendix 9 is amended by adding the following new paragraph at the end thereof to read as follows:

“A Member other than a Non-Grandfathered Member will be eligible to make a one-time irrevocable election on or before April 30, 2016 to waive participation under this Appendix 9 and by doing so shall become a Non-Grandfathered Member and shall cease to accrue Benefit Service on and after May 1, 2016.”

4.    Effective as of April 30, 2016, Section 5.1 of Appendix 9 is amended by adding the following paragraph at the end thereof:

“Notwithstanding any provision of the Plan to the contrary, benefit accruals shall cease under this Appendix 9 as of April 30, 2016, for all Non-Grandfathered Members.”

5.    Effective as of April 30, 2016, Section 5.4(a) of Appendix 9 is amended by the addition of a new paragraph at the end thereof to read as follows:

“Notwithstanding any provision of the Plan to the contrary, a Non-Grandfathered Member who terminates from active employment with the Employer and all Affiliated Employers as an Employee on account of Disability after April 30, 2016, shall not be eligible for a disability retirement Pension.”

6.    Effective as of April 30, 2016, Article 5 of Appendix 9 is further amended by adding a new Section 5.8 to read as follows:

“5.8    Cessation of Benefit Accruals for Non-Grandfathered Members

Notwithstanding any provisions of the Plan to the contrary, in calculating the benefit payable to or on behalf of a Non-Grandfathered Member under the Plan after April 30, 2016, the following rules shall apply:

		
	(a)
	Benefit Service for benefit accrual purposes and the pension multiplier shall be frozen as of April 30, 2016; and

		
	(b)
	Vesting Service shall continue to be credited under the terms of this Appendix 9 for purpose of determining his eligibility for a pension under this Appendix 9 on and after April 30, 2016.”

[signatures on following page]

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BE IT FURTHER RESOLVED, that the Retirement Committee has approved this Fourth Amendment to the Graphic Packaging Retirement Plan this 4th day of March, 2016.

GRAPHIC PACKAGING INTERNATIONAL, INC. RETIREMENT COMMITTEE MEMBERS

    
	
		
	By:
	/s/ Brad Ankerholz

	 
	Brad Ankerholz

	 
	 

	By:
	/s/ Carla J. Chaney

	 
	Carla J. Chaney

	 
	 

	By:
	/s/ Debbie Frank

	 
	Debbie Frank

	 
	 

	By:
	/s/ Stephen Scherger

	 
	Stephen Scherger

	 
	 

	By:
	/s/ Brian A. Wilson

	 
	Brian A. Wilson

W:\4577.007\Docs\4th Amend Graphic Packaging Retirement Plan (1-1-2015 restatement).docx

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