Document:

Exhibit

Exhibit 10.9

 AMENDMENT NUMBER TWO 
TO THE 
INTERNATIONAL PAPER COMPANY 
PENSION RESTORATION PLAN 
FOR SALARIED EMPLOYEES

The International Paper Company Pension Restoration Plan for Salaried Employees, as amended and restated effective January 1, 2009 (the “Plan”) is hereby amended effective January 1, 2013, by adding the following new Article VI:

ARTICLE VI
PARTICIPATION OF FORMER EMPLOYEES OF TIN INC.

6.01    Eligibility and Effective Date.  Active employees of TIN Inc. as of December 31, 2012, who (a) were not employed in the Building Products Division of TIN Inc.; (b) were hired prior to January 1, 2012; and (c) were Participants in the Temple-Inland Retirement Plan, as in effect on December 31, 2012; shall become Eligible Participants in the Plan effective as of January 1, 2013.  

6.02    Vesting Service.  Those who become Eligible Participants as described in Section 6.01 shall receive Vesting Service as defined in Article II, under the Plan prospectively beginning January 1, 2013.  Each such Eligible Participant’s Vesting Service through December 31, 2012, shall be as determined under the Temple-Inland Retirement Plan.  

6.03    Benefit Amount.  For purposes of Section 3.01 of the Plan, the Benefit Amount for an Eligible Participant as described in Section 6.01 shall be determined by adding (a) and (b) where:

(a)  for an Eligible Participant as described in Section 6.01 who becomes a participant in the Retirement Plan of International Paper Company (“IP Retirement Plan”) on January 1, 2013, equals the Benefit Amount payable at “Normal Retirement Date” (as defined in the IP Retirement Plan) calculated under Section 3.01 using credited service from January 1, 2013, to the date of determination, and using “Final Average Compensation” as defined in the IP Retirement Plan; and

(b) equals the Eligible Participant’s monthly amount as defined in Sections 5.2 and 6.2 of the Temple-Inland Supplemental Executive Retirement Plan (“Temple-Inland SERP”), using credited service thereunder through December 31, 2012. 

6.04    Frozen Temple-Inland SERP Benefit. For purposes of Section 6.05, this term shall mean the vested accrued monthly amount as defined in Sections 5.2 and 6.2 under the Temple-Inland SERP as of December 31, 2012.

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Exhibit 10.9

6.05    Time and Form of Payment of Benefits.  

		
	A.
	The Frozen Temple-Inland SERP Benefit in  Section 6.04, limited to the sum of (a) and 

(b) in Section 6.03, is to be paid in the form of a lump sum payment at the time specified in Article 8 of the Temple-Inland SERP.   The amount of any lump sum payable under this section 6.05 will be determined under the provisions of the Temple-Inland SERP.

		
	B.
	Any amount of the sum of (a) and (b) in Section 6.03 that exceeds the Frozen 

Temple-Inland SERP Benefit in Section 6.04 will be paid in the form and at the time specified in Article IV of the Plan, with the Eligible Participant able to elect any of the forms of benefit payment offered under the Plan.  In determining the amount of the benefit payable under this Section 6.05 (B), (i) the early retirement or early commencement reduction factors in the IP Retirement Plan, if any, shall be applied based on the Eligible Participant’s age on his Designated Retirement Date, and (ii) the charge for the Pre-Retirement Surviving Spouse’s Benefit coverage, if applicable, shall be determined in the same manner as under the IP Retirement Plan as of the Eligible Participant’s Designated Retirement Date.  In the event the Eligible Participant has not made a valid benefit election by his Mandatory Payment Date, the charge for the Pre-Retirement Surviving Spouse’s Benefit coverage, if applicable, shall be determined based on the last known marital status of the Eligible Participant following his termination of employment with the Company.  
   
     

2Exhibit

Exhibit 10.10

AMENDMENT NUMBER THREE
TO THE
INTERNATIONAL PAPER COMPANY
PENSION RESTORATION PLAN
FOR SALARIED EMPLOYEES

(as amended and restated effective as of January 1, 2009)

WHEREAS, effective as of January 1, 2009, the International Paper Company Pension Restoration Plan for Salaried Employees (the “Plan”) was amended and restated in its entirety;

WHEREAS, pursuant to Section 5.02 of the Plan the Company reserves the right to amend, modify, or terminate the Plan at any time; 

WHEREAS, the undersigned is the “Plan Administrator” of the Plan within the meaning of Section 5.01 of the Plan;     

WHEREAS, in discharging his responsibility for proper administration of the Plan, the Plan Administrator desires to clarify the way that taxes under the Federal Insurance Contributions Act (“FICA”) are administered with respect to the benefits of Eligible Participants under the Plan; and to state in the definition of “Plan Administrator” the job responsibility of the Plan Administrator without mention of a specific title; 

WHEREAS, the Company desires to exclude any employee who is a nonresident alien with respect to the United States and who is not an “Eligible Participant” as defined in the Plan, from designation as a “Specified Employee” as defined in the Plan; and        

WHEREAS, on July 11, 2016, the Management Development and Compensation Committee of the Board of Directors delegated its authority to review and approve non-substantive changes to the nonqualified plans of the Company to the administrator for each of such plans;              

NOW, THEREFORE, the Plan is amended effective as of January 1, 2015, or such other date specified below, as follows:  
		
	1.
	Section 5.01 is hereby amended by replacing the first sentence thereof with the following:  “The Plan Administrator of this Plan shall be the head of the Global Compensation and Benefits function of the Company.”

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Exhibit 10.10

		
	2.
	Section 5.05 of the Plan is hereby amended and restated, as follows:

“5.05      Payment of FICA Taxes.  At the time Federal Insurance Contributions Act (“FICA”) taxes become due and payable by an Eligible Participant on his benefit under the Plan, the amount of the FICA taxes and any corresponding federal, state or local income tax withholding shall be paid from the Plan on behalf of the Eligible Participant to the U.S. Treasury and other applicable tax authorities, and the Eligible Participant’s benefit shall be reduced by the amount of these tax payments”.     

		
	3.
	Effective on the execution date of this amendment, Section 1.12 of the Plan is hereby amended by adding the following three sentences at the end thereof:

 “Effective on [the execution date of this amendment], the election in accordance with paragraph (i)(8) of Treasury Regulations Section 1.409A-1 to apply the rule of Treasury Regulations Section 1.415(c)-2(g)(5)(ii) to not treat as compensation under Section 415 of the Code certain compensation, applies to the Plan.  The compensation excluded from consideration under Section 415 is compensation excludible from an employee’s gross income because it is attributable to services performed outside the United States by an employee who is a nonresident alien as defined in Section 7701(b)(1)(B) of the Code, and is not an Eligible Participant, that is not effectively connected with the conduct of a trade or business within the United States.  The effect of this election is that an employee who is a nonresident alien and is not an Eligible Participant will not meet the definition of “specified employee” under Section 409A(a)(2)(B)(i) of the Code.”   
 
		
	4.
	In all respects not amended, the Plan is hereby ratified and confirmed.

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Exhibit 10.10

IN WITNESS WHEREOF, this amendment is executed this 11th  day of July, 2016.

                                                            INTERNATIONAL PAPER COMPANY 

                                                            By:       /s/ Mark M. Azzarello 
                                                            Name:  Mark M. Azzarello
      Title:    Vice President, Global Compensation and
                  Benefits and as Plan Administrator of
                  the International Paper Company
                  Pension Restoration Plan For Salaried
                  Employees
 

 

3Exhibit

Exhibit 10.11

AMENDMENT NUMBER FOUR
TO THE
INTERNATIONAL PAPER COMPANY
PENSION RESTORATION PLAN
FOR SALARIED EMPLOYEES

(as amended and restated effective as of January 1, 2009)

WHEREAS, effective as of January 1, 2009, the International Paper Company Pension Restoration Plan for Salaried Employees (the “Plan”) was amended and restated in its entirety;

WHEREAS, pursuant to Section 5.02 of the Plan the Company reserves the right to amend, modify, or terminate the Plan at any time; 

WHEREAS, the undersigned is the “Plan Administrator” of the Plan within the meaning of Section 5.01 of the Plan;     

WHEREAS, in discharging his responsibility for proper administration of the Plan, the Plan Administrator desires to clarify the application of Plan provisions to employees of the former xpedx division of the Company, which was spun off effective July 1, 2014, and to employees of Shorewood Packaging Corporation, the stock of which was sold by the Company on December 31, 2011; and 

WHEREAS, on July 11, 2016, the Management Development and Compensation Committee of the Board of Directors delegated its authority to review and approve non-substantive changes to the nonqualified plans of the Company to the administrator for each of such plans;              

NOW, THEREFORE, the Plan is amended effective as of July 1, 2014, or such other date specified below, as follows:  

		
	1.
	Article I of the Plan is hereby amended by adding the following new defined terms:

          1.14    “Transferred xpedx Employee” shall mean (i) an Eligible Participant who is an active employee of the Company primarily working in the xpedx Business immediately prior to July 1, 2014, and (ii) an Eligible Participant who otherwise would be included in (i) above but for the fact that he or she is absent from active employment on such date on account of vacation, ordinary sick leave reasonably expected to result in an absence of short duration, short-term disability, leave under the federal Family and Medical Leave Act or leave under any similar law, or any other reason that is similar in nature and duration; 

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Exhibit 10.11

provided, however, that no individual shall be a “Transferred xpedx Employee” if his or her employment is not transferred from the Company to Veritiv Corporation (“Veritiv”) or xpedx Holding Company, LLC in connection with the spinoff of the xpedx Business (the “Spinoff”); and provided further that, at the written direction of the Company, one or more individuals who are active employees of the Company but not primarily working in the xpedx Business immediately prior to July 1, 2014 may also be treated as a Transferred xpedx Employee.    

            1.15      “xpedx Business” shall mean the business segment of the Company referred to in its Annual Report on Form 10-K for the fiscal year ended December 31, 2012, as “xpedx”; provided that “xpedx Business” shall not include (i) International Paper Asia Distribution Limited and (ii) except as the term “xpedx Business” is used in connection with financial statements, IP Canadian Packaging Operations Inc. and EM xpedx, S.A. De C.V.”

		
	2.
	Article II of the Plan is hereby amended by adding the following sentence to the end thereof, as a separate paragraph:

“A Transferred xpedx Employee shall be 100% vested in his benefit under the Plan as of the close of business on June 30, 2014.”

		
	3.
	Section 4.03 of the Plan is hereby amended by adding the following sentence to the end thereof, as a separate paragraph:

“A Transferred xpedx Employee shall not have a termination of employment until the cessation of his employment with Veritiv.”

		
	4.
	Appendix C is added to the Plan effective as of January 1, 2012, as follows:

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Exhibit 10.11

APPENDIX C
PARTICIPANTS EMPLOYED BY SHOREWOOD
PACKAGING CORPORATION

           On March 26, 2000, the Company acquired 100% of the stock of Shorewood 
           Packaging Corporation (“Shorewood”).  The Company sold 100% of the stock
           of Shorewood to Atlas AGI Holdings LLC, on December 31, 2011.  

           Therefore, from March 26, 2000, to the close of December 31, 2011, 
           Shorewood was a wholly-owned subsidiary of the Company, and was a 
           member of the controlled group of corporations, as described in Section 
           414(b) of the Code, which includes the Company.  Shorewood was a 
           participating employer in the Plan, and each employee of Shorewood who
           met the requirements to be an Eligible Participant was eligible to participate
           in the Plan.  

         As of the close of December 31, 2011, Shorewood was no longer a member
         of the controlled group of corporations which includes the Company, and 
         Shorewood employees who had been Eligible Participants ceased to qualify as  
         such and became inactive participants in the Plan.  Each such participant does
         not have a “termination of employment” for purposes of the Plan until the 
         cessation of his or her employment with Shorewood on account of death, 
         disability, severance, or any other reason.

         For purposes of determining the Designated Retirement Date of each such 
         participant under Section 4.03 of the Plan, the phrase “termination of employment
         with the Company”  shall mean “termination of employment” with Shorewood, as 
         explained in the preceding paragraph; and the term “Eligible Participant” shall 
         include each of these inactive participants in the Plan.  

 .    
		
	5.
	In all respects not amended, the Plan is hereby ratified and confirmed.  

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Exhibit 10.11

IN WITNESS WHEREOF, this amendment is executed this 27th day of November, 
2018.

                                                            INTERNATIONAL PAPER COMPANY 

                                                            By:       /s/ Mark M. Azarello 
                                                            Name:  Mark M. Azzarello
      Title:    Vice President, Global Compensation and
                  Benefits and as Plan Administrator of
                  the International Paper Company
                  Pension Restoration Plan For Salaried
                  Employees
 

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