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Exhibit 10.21    
    

 
 

BOISE CASCADE CORPORATION
  
    1995 SPLIT-DOLLAR LIFE INSURANCE PLAN
  
    (As Amended Through September 26, 2003)    

        1.     Purpose of the Plan. The purpose of the Boise Cascade Corporation Split-Dollar Life Insurance Plan (the "Plan") is to
provide executive officers who participate in the Plan with an insured death benefit during employment and after retirement. Executive officers who become Participants may purchase a life insurance
policy from a designated insurance carrier. Payment of policy premiums will be shared by Boise Cascade Corporation ("the Company"), as described herein. Executives who participate in the Plan shall
execute a Split-Dollar Agreement, substantially in the form attached hereto as Exhibit A, prior to becoming eligible for any benefits under this Plan. 

        The
Committee shall designate executive officers eligible to participate in the Plan. 

        2.     Definitions. 

        2.1   "Annual Premium" means the amount of consideration determined by the Insurance Carrier for the cost of coverage provided
by the Plan. The Annual Premium shall have the following two components: (a) The basic Annual Premium shall be the amount of the Annual Premium for standard risk life insurance coverage
determined by the Insurance Carrier's published rate schedule; and (b) the extra premium shall be the amount of the Annual Premium, if any, required for a life insurance risk determined by the
Insurance Carrier to be substandard. 

        2.2   "Assignment or Collateral Assignment" means an agreement to be signed by each Participant, substantially in the form
attached hereto as Exhibit B, whereby the Participant, as owner of the Insurance Policy, agrees to set over certain Insurance Policy rights to the Company as collateral security for the
Company's Corporate Capital Interest under the Plan. 

        2.3   "Base Salary" means the annual Base Salary in effect on the policy anniversary date preceding the Participant's death if
the Participant dies while an active Employee of the Company. 

        2.4   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 2.4(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 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 

1

 

date
hereof or whose appointment, election, or nomination for election was previously so approved (the "Continuing Directors"); 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 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 (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 2.4(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 2.4(c) which is not a Change in Control of the Company solely due to the operation of Subsection 2.4(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 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 this section and Section 2.17, "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 and Section 2.17, "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 

2

 

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. 

        2.5   "Code" means the Internal Revenue Code of 1986, as amended. 

        2.6   "Committee" means the Executive Compensation Committee of the Company's Board of Directors or any successor to the
Committee. 

        2.7   "Corporate Capital Interest" means accumulative amounts paid by the Company for an Insurance Policy Annual Premium as set
forth in Section 6.1. The Corporate Capital Interest shall be reduced by policy loans, if any (including interest thereon), made by the Company. 

        2.8   "Deferred Compensation and Benefits Trust" means the irrevocable trust (the "DCB Trust") 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. 

        2.9   "Effective Date" means April 1, 1995. 

        2.10 "Employee" means an individual who receives a Base Salary for personal services rendered to the Company. 

        2.11 "Final Salary" means the Participant's annual Base Salary on his or her Retirement date. 

        2.12 "Insurance Carrier" means the life insurance company or companies selected to issue policies under or pursuant to the
Plan. 

        2.13 "Insurance Policy" means any individually purchased Insurance Policy, together with additional policy benefits and
riders, if any, issued by the Insurance Carrier pursuant to the Plan. Unless required otherwise by the Plan, Insurance Policy terms used herein shall have the same meaning as in the Insurance Policy.
In amplification but not in limitation of the foregoing, such Insurance Policy terms as "policy year," "dividend," and "policy loan" shall have the same meaning for purposes of this Plan as for
purposes of the Insurance Policy. 

        2.14 "Participant" means an executive officer of the Company who is designated by the Committee as eligible to participate in
the Plan and who has met all the applicable eligibility requirements under the Plan. 

        2.15 "Pension Plan" means the Boise Cascade Corporation Pension Plan for Salaried Employees, as amended from time to time. 

        2.16 "Plan Administrator" means the Committee. The Committee may delegate day-to-day administrative
functions to the Company's management. 

        2.17 "Potential Change in Control" shall be deemed to have occurred if (a) the Company enters into an agreement, the
consummation of which would result in the occurrence of a Change in Control of the Company; (b) the Company or any Person publicly announces an intention to take or to consider taking actions
which if consummated would constitute a Change in Control of the Company; (c) any Person becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 9.5% 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, 

3

 

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 9.5% of the Company's then outstanding shares of common stock or the combined voting power of the Company's then outstanding securities; or (d) the Board adopts a resolution to
the effect that a Potential Change in Control has occurred. 

        2.18 "Retirement" means the termination of employment of a Participant, for reasons other than death or total disability (as
defined in the Pension Plan), at any time after the Participant has attained age 55
with 10 or more years of service (as defined in the Pension Plan), and 5 years of service as an executive officer of the Company. 

        2.19 "Trustee's Payment Schedule" means the schedule of Insurance Policy premiums payable by the trustee of the Deferred
Compensation and Benefits Trust after a Change in Control as specified on the form attached hereto. 

        3.     Administration and Interpretation of the Plan. 

        3.1   Plan Administrator. The Committee shall have final 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 may also adopt any rules it deems necessary to
administer the Plan. The Committee's responsibilities for administration and interpretation of the Plan shall be exercised by Company employees who have been assigned those responsibilities by the
Company's management. Any Company employee exercising responsibilities relating 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. Any Participant may appeal any action or decision of these employees to the Company's General Counsel
and may request that the Committee reconsider decisions of the General Counsel. Claims for benefits under the Plan and appeals of claim denials shall be in accordance with Section 9. Any
interpretation by the Committee shall be final and binding on the Participants. 

        3.2   Insurance Carrier. The Insurance Carrier shall be responsible for all matters relating to any Insurance Policy. Not in
limitation, but in amplification of the foregoing, the Insurance Carrier shall decide whether it will issue an Insurance Policy on the life of a Participant who has otherwise met all of the Plan's
eligibility requirements. 

        4.     Eligibility. 

        4.1.  Eligibility to Participate. In order to become a Participant in the Plan, an individual must meet all of the following
requirements: 

        (a)   Be
an executive officer of the Company, identified by the Committee as eligible to participate in the Plan; 

        (b)   Complete
an application for insurance in the manner set by the Insurance Carrier; 

        (c)   Meet
the insurability requirements of the Insurance Carrier; and 

        (d)   Sign
all documents, including the Split-Dollar Agreement and Assignment, necessary or appropriate in the judgment of the Committee or Insurance Carrier, to carry out the
intent of the Plan. 

        4.2.  Alternate Owners. The Plan permits an alternate person or entity to be the owner of the Insurance Policy. The alternate
owner must sign all documents, including the Split-Dollar Agreement and the Assignment, necessary or appropriate in the judgment of the Committee or Insurance Carrier, to carry out the intent of the
Plan. The Participant shall still be the Insured and 

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all
the provisions of the Plan shall continue as if the Participant were the owner of the Insurance Policy. 

        5.     Benefits. 

        5.1   Death During Employment. If a Participant's death occurs while employed by the Company, the Participant's beneficiary
shall receive a death benefit equal to 2 times Base Salary. 

        5.2   Post-Retirement Death Benefit. A death benefit equal to 1 times Final Salary shall be payable on behalf of a
Participant whose death occurs subsequent to Participant's Retirement. 

        5.3   Timing of Purchase of Insurance. The right of a Participant to purchase an Insurance Policy under the Plan is granted
only upon the initial adoption of the Plan or, for an Employee who meets the eligibility requirements under the Plan after adoption of the Plan, the date of initial eligibility of the Employee under
the Plan. The face amount of the Insurance Policy shall be rounded up to the nearest multiple of $1,000, where necessary. Since participation under the Plan involves the purchase of an Insurance
Policy which is subject to the Employee's insurability, the Company does not guarantee that each otherwise eligible Employee will be able to acquire an Insurance Policy pursuant to this Plan. 

        5.4   Amount of Death Benefit. The death benefit shall be paid from the Insurance Policy. The amount of the death benefit
payable to the Participant's beneficiary shall be subject to the Assignment. In the event that the death benefit from the Insurance Policy exceeds the sum of the Company's Corporate Capital Interest
and the Participant's death benefit under Sections 5.1 or 5.2, the excess death proceeds shall be paid to the Participant's beneficiary. Participants shall not be eligible for any death benefit under
the Boise Cascade Group Life Insurance Plan. 

        5.5   Beneficiary Designation. The death benefit is payable to the beneficiary or beneficiaries designated by the owner of the
Insurance Policy. If no such beneficiary is designated, the beneficiary shall be the person or persons entitled to the death benefit under the terms of the Insurance Policy or applicable state law,
whichever governs. 

        5.6   Payment of Death Benefit. The death benefits shall be paid upon the submission to the Insurance Carrier of the
appropriate proof of death and a claim for benefits. 

        6.     Contributions and Funding. 

        6.1   The
responsibility for the payment of the premiums shall be allocated as follows: 

        (a)   Responsibility
of Participant. 

        (1)   The
"value of the economic benefit" to the Participant as determined by multiplying the amount of life insurance protection to which the Participant is entitled by the
lower of the government's 1-year term ("PS-58") rates or the Insurance Carrier's currently published term rates. This amount shall be paid by the Company on behalf of the
Participant and treated as taxable compensation to the Participant. 

        (2)   Any
extra premium which is in excess of 40% of the Basic Annual Premium. 

        (b)   Responsibility
of Company. 

        (1)   The
difference between the basic Annual Premium and that portion for which the Participant is responsible pursuant to Subsection 6.1(a)(1). 

        (2)   Any
extra premium in an amount up to 40% of the basic Annual Premium. 

        The
Company shall, at its option, have the authority to borrow against the Insurance Policy up to an amount not to exceed the Corporate Capital Interest. All interest payments as a
result of such borrowing shall be the responsibility of the Company. 

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        6.2   Immediately
upon a Potential Change in Control or upon a Change in Control, the Company shall repay Insurance Policy loans, if any, and shall not make any policy loans,
as otherwise provided for in Subsection 6.1(b)(2), within a 1-year period after a Potential Change in Control, or at any time after a Change in Control, except upon the date specified in
Section 6.3. 

        6.3   Termination of Company Funding. Notwithstanding any other provisions in this Plan, and except in the event of or after a
Change in Control, the Company shall terminate its participation in the funding of the Insurance Policy on the first of the following events: 

        (a)   The
later of (i) the date of the Participant's Retirement or (ii) the date 15 Annual Premiums have been paid by the Company; 

        (b)   The
death of a Participant; or 

        (c)   The
termination of employment of a Participant other than by death or Retirement. 

        In
the event of a termination described in (a) above, the Company will recover its Corporate Capital Interest by Insurance Policy withdrawal and release its interest in the
Insurance Policy. Any such policy loan shall become the sole obligation of the Participant as owner of the Policy. The actual death benefit provided by the Insurance Policy may be greater than or less
than the death benefit, described in Section 5, based on the investment performance of the Insurance Policy. In the event the Insurance Policy does not ultimately provide the prescribed death
benefit, it is not the intention of the Company to make up any death benefit shortfall. 

        In
the event of a termination described in (b), the Company shall recover its Corporate Capital Interest out of the death proceeds of the Insurance Policy, and the Participant's
beneficiary will receive the balance of the death proceeds. In the event that the Insurance Policy does not provide the prescribed death benefit, it is not the intention of the Company to make up any
death benefit shortfall. 

        In
the event of a termination described in (c) above, the Participant may recover or purchase all or any portion of the Company's Corporate Capital Interest in the Insurance
Policy pursuant to terms established by the Plan Administrator. Any amount purchased shall result in the Company's recovery of its Corporate Capital Interest equal to the amount purchased. Any
portions of the Insurance Policy not purchased by the Participant shall be treated in a manner deemed appropriate by the Plan Administrator, solely in the Plan Administrator's discretion. The
provisions of Subsection 6.3(c) shall be subject to any applicable severance agreement between the Company and the Participant. 

        6.4   Company Release and Reassignment. Upon any termination of Company funding, the Company will release Insurance Policy
rights granted to it by the Assignment. Thereafter, the Company shall have no involvement whatsoever, directly or indirectly, in the Insurance Policy. From such date, the Participant shall be solely
responsible for the payment of any future premiums. 

        7.     Disqualification and Reduction, Loss, Forfeiture, or Denial of Benefits. The benefits to be provided under this Plan will
not be available to an Employee upon any of the following events: 

        (a)   Except
in the event of a Change in Control, the Company may, at any time, amend or terminate the Plan, provided that the Company may not reduce or modify the level of
benefits provided to the Participant prior to the amendment or termination without prior consent of the Participant; 

        (b)   In
the event the Plan is terminated, whether as to all Participants or as to an individual Participant, a Participant shall be able to preserve and continue the
Insurance Policy on his or her 

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life
by paying the Company its Corporate Capital Interest. Thereafter, the Participant will be responsible for all future premiums, and the Company shall have no involvement whatsoever, directly or
indirectly, in the Insurance Policy; 

        (c)   After
any termination of Company funding, policy benefits may be reduced or terminated with respect to a Participant if not properly funded by the Participant; or 

        (d)   The
amount of a Participant's death benefits may vary each year. Not in limitation, but in amplification of the foregoing, the Insurance Carrier's policy interest
crediting rate and the amount of the Corporate Capital Interest may vary the death benefits. 

        8.     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. 

        8.1   Trustee's Rights and Obligation. In the event of a Change in Control, the trustee for the DCB Trust shall at all times
thereafter be obligated for amounts payable in accordance with the trustee's Payment Schedule, to the extent the DCB Trust is funded pursuant to Section 8. The Company shall notify the
Insurance Carrier of a Change in Control. 

        8.2   Plan Funding. In the event of a Change in Control, the Company shall be required to participate in the funding of each
Insurance Policy until the first of the events described in Subsections 6.3(a) or 6.3(b) occurs. 

        8.3   Termination of Funding. In the event of and after a Change in Control, the trustee shall be required to continue the
funding of the Insurance Policy until the later of (a) the applicable date specified in Subsections 6.3(a) or 6.3(b), whichever is earlier, or (b) the date specified in any severance
agreement between the Company and the Participant. 

        8.4   Amendment and Termination. In the event of and after a Change in Control, the Plan may not be amended or terminated and a
Participant shall have the right to rely on the continuation of the Funding of an Insurance Policy as provided in Section 8. 

        9.     Claim Procedure. All death benefits provided under the Plan are to be paid from the Insurance Policies. The Company has
adopted the claim procedure established by the Insurance Carrier as a claim procedure for the Plan. The beneficiary of the policy proceeds must file a claim for benefits with the Insurance
Carrier in whatever form the Insurance Carrier may reasonably require. If the Insurance Carrier denies the claim, the beneficiary who wants to have that denial reviewed will have to follow the
Insurance Carrier's claims-review procedure. The Company shall have no liability in the event an Insurance Carrier denies a beneficiary's claim for benefits. 

        10.   Miscellaneous. 

        10.1 Employment Not Guaranteed by Plan. This Plan is not intended to and does not create a contract of employment in any
manner. Employment with the Company is at will, which means that either the employee or the Company 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. 

7

 

        10.2 Taxes. The Company shall deduct from each Participant's compensation all applicable federal or state taxes that may be
required by law to be withheld resulting from the Company's funding of the Insurance Policy under the Plan. 

        10.3 Governing Law, Jurisdiction, and Venue. The Plan shall be construed according to the laws of the state of Idaho to the
extent not preempted by federal law. In the event legal action is brought to enforce or interpret the Plan, such legal action may be brought only in federal district court for the District of Idaho in
Ada County, Idaho. 

        10.4 Form of Communication. Any election, application, claim, notice, or other communication required or permitted to be made
by a Participant to the Committee or the Company shall be made in writing and in such form as the Company may prescribe. Such communication shall be effective upon receipt by the Company's Salaried
and Executive Compensation Manager at 1111 West Jefferson Street, P.O. Box 50, Boise, Idaho 83728-0001. 

        10.5 Amendment and Termination. Except after a Change in Control, the Committee may, at any time, amend or terminate the
Plan. At any date of termination of the Plan not preceded by a Change in Control, a Participant shall be entitled to preserve and continue the Insurance Policy in accordance with Subsection 6.3(c). 

        10.6 Agent for Service of Process. The Company's General Counsel is designated as the agent to receive service of legal
process on behalf of the Plan. 

        11.   Statement of ERISA Rights. Each Participant in the Plan is entitled to certain rights and protections under the Employee
Retirement Income Security Act of 1974 (ERISA). ERISA provides that all Participants shall be entitled to: 

        (a)   Examine,
without charge, all Plan documents at the Company's headquarters in Boise, Idaho. 

        (b)   Obtain
copies of all Plan documents and other Plan information upon written request to the Plan Administrator. The Plan Administrator may make a reasonable charge for
the copies. 

        (c)   File
suit in a federal court if any materials requested are not received within 30 days of the Participant's request unless the materials were not sent because of
matters beyond the control of the Plan Administrator. The court may require the Plan Administrator to pay up to $100 for each day's delay until the materials are received. 

        In
addition to creating rights for Participants, ERISA imposes obligations upon the persons who are responsible for the operation of the Plan. As "fiduciaries," these persons must act
solely in the interest of the Participants, and they must exercise prudence in the performance of their Plan duties. Fiduciaries who violate ERISA may be removed and required to make good any losses
they have caused the Plan. The Company may not fire, discriminate against, or prevent a Participant from obtaining a welfare benefit or exercising his or her rights under ERISA. If a Participant is
improperly denied a welfare benefit in full or in part, he or she has a right to file suit in a federal or state court. If Plan fiduciaries are misusing the Plan's money, a Participant has a right to
file suit in a federal court or request assistance from the U.S. Department of Labor. If a Participant is successful in the lawsuit, the court may, if it so decides, require the other party to pay his
or her legal costs, including attorneys' fees. 

        If
a Participant has any questions about the foregoing, or his or her rights under ERISA, the Participant should contact the Plan Administrator or the nearest area office of the U.S.
Labor-Management Service Administration, Department of Labor. 

8

QuickLinks

Exhibit 10.21

BOISE CASCADE CORPORATION 1995 SPLIT-DOLLAR LIFE INSURANCE PLAN (As Amended Through September 26, 2003)QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.22    
    

[As
amended through September 26, 2003] 

CONFIDENTIAL 

(Date) 

[                        ]

Dear
[            ]: 

        Boise
Cascade Office Products Corporation (the "Company") considers it essential to the best interests of its stockholders to foster the continuous employment of key management personnel
in the event a change in control of Boise Cascade Corporation ("Boise"), the sole stockholder of the Company, is threatened or occurs. In this regard, the Company's Director (the "Director")
recognizes that the possibility of a change in control may exist and that the uncertainty and questions which this possibility may raise among management could result in the departure or distraction
of management personnel to the detriment of the Company and its stockholder. 

        The
Director has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company's management, including
yourself, to their assigned duties without distraction in the face of the possibility of a change in control of Boise, although no such change is now contemplated. 

        In
order to induce you to remain in the employ of the Company in the face of a change in control of Boise, the Company agrees that you shall receive the severance benefits set forth in
this letter agreement if your employment with the Company is terminated before or after a "change in control of Boise" (as defined in Section 2) under the circumstances described below. 

        1.     Term of Agreement. This Agreement amends, supersedes, and restates in its entirety the Agreement between you and the
Company dated                        . This amendment is effective on the date hereof and shall continue in effect through
[            ]; provided that on January 1,
[    ] and on each January 1 thereafter, the term of this Agreement shall automatically be extended so as to terminate on the 3rd anniversary of such date,
unless, not later than September 30 of the preceding year, the Company shall have given notice not to extend this Agreement. However, if a change in control of Boise occurs during the term of
this Agreement, this Agreement shall continue in effect for a period of not less than 24 months after the month in which the change in control of Boise occurred. 

        2.     Change in Control. 

        A.    A
"change in control of Boise" shall be deemed to have occurred if an event set forth in any one of the following paragraphs occurs: 

        (1)   Any
Person is or becomes the Beneficial Owner, directly or indirectly, of securities of Boise representing 25% or more of either the then outstanding shares of common
stock of Boise or the combined voting power of Boise's then outstanding securities; provided, however, if such Person acquires securities directly from Boise, such securities shall not be included
unless such Person acquires additional securities which, when added to the securities acquired directly from Boise, exceed 25% of Boise's then outstanding shares of common stock or the combined voting
power of Boise's then outstanding securities; and provided further that any acquisition of securities by any Person in connection with a transaction described in Subsection 2.A(3)(i) of this
Agreement shall not be deemed to be a change in control of Boise; or 

        (2)   The
following individuals cease for any reason to constitute at least a majority of the number of directors of Boise then serving: individuals who, on the date hereof,
constitute the board of directors of Boise 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 Boise) whose appointment or election by Boise's board of directors Boise or nomination for election by 

Boise's
stockholders was approved by a vote of at least 2/3rds of the directors of Boise then still in office who either were directors of Boise on the date hereof or whose appointment,
election or nomination for election was previously so approved (the "Continuing Directors"); or 

        (3)   The
consummation of a merger or consolidation of Boise(or any direct or indirect subsidiary of Boise) with any other corporation other than (i) a merger or
consolidation which would result in both (a) 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 (b) the voting securities of Boise 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 Boise 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 Boise(or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of Boise representing 25% or more of either the then
outstanding shares of common stock of Boise or the combined voting power of Boise's then outstanding securities; provided that securities acquired directly from Boise shall not be included unless the
Person acquires additional securities which, when added to the securities acquired directly from Boise, exceed 25% of Boise's then outstanding shares of common stock or the combined voting power of
Boise's then outstanding securities; and provided further that any acquisition of securities by any Person in connection with a transaction described in Subsection 2.A(3)(i) of this Agreement
shall not be deemed to be a change in control of Boise; or 

        (4)   The
stockholders of Boise approve a plan of complete liquidation or dissolution of Boise or the consummation of an agreement for the sale or disposition by Boise of all
or substantially all of Boise's assets, other than a sale or disposition by Boise of all or substantially all of Boise'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 Boise immediately prior to such sale. 

        A
transaction described in Section 2.A(3) which is not a change in control of Boise solely due to the operation of Subsection 2.A(3)(i)(a) will nevertheless constitute a change in
control of Boise if the board of directors of Boise 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 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. 

        Notwithstanding
the foregoing, any event or transaction which would otherwise constitute a change in control of Boise (a "Transaction") shall not constitute a change in control of Boise
for purposes of your benefits under this Agreement if, in connection with the Transaction, you participate as an equity investor in the acquiring entity or any of its affiliates (the "Acquiror"). For
purposes of the preceding sentence, you shall not be deemed to have participated as an equity investor in the Acquiror by virtue of (a) obtaining beneficial ownership of any equity interest in
the Acquiror as a result of the grant to you of an incentive compensation award under one or more incentive plans of the Acquiror (including but not limited to the conversion in connection with the
Transaction of incentive compensation awards of the Company or Boise into incentive compensation awards of the Acquiror), on terms and conditions substantially equivalent to those applicable to other
executives of the Company or Boise immediately prior to the Transaction, after taking into account normal differences attributable to job responsibilities, title and the like, (b) obtaining
beneficial ownership of any equity interest in the Acquiror on terms and conditions substantially equivalent to those obtained in the Transaction by all other stockholders of Boise, or 

(c) having
obtained an incidental equity ownership in the Acquiror prior to and not in anticipation of the Transaction. 

        B.    For
purposes of this Agreement, a "potential change in control of Boise" shall be deemed to have occurred if (1) Boise enters into an agreement, the consummation
of which would result in the occurrence of a change in control of Boise; (2) Boise or any Person publicly announces an intention to take or to consider taking actions which if consummated would
constitute a change in control of Boise; (3) any Person becomes the Beneficial Owner, directly or indirectly, of securities of Boise representing 9.5% or more of either the then outstanding
shares of common stock of Boise or the combined voting power of Boise's then outstanding securities, provided that securities acquired directly from Boise shall not be included unless the Person
acquires additional securities which, when added to the securities acquired directly from Boise, exceed 9.5% of Boise's then outstanding shares of common stock or the combined voting power of Boise's
then outstanding securities); or (4) the Director adopts a resolution to the effect that a potential change in control of Boise for purposes of this Agreement has occurred. You agree that,
subject to the terms and conditions of this Agreement, in the event of a potential change in control of Boise, you will at the option of the Company remain in the employ of the Company until the
earlier of (a) the date which is 6 months from the occurrence of the first such potential change in control, or (b) the date of a change in control of Boise. 

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

        D.    For
purposes of this Agreement, "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 (1) Boise or any of its subsidiaries, (2) a trustee or other fiduciary holding securities under an employee benefit plan of Boise or any
of its subsidiaries, (3) an underwriter temporarily holding securities pursuant to an offering of such securities, or (4) a corporation owned, directly or indirectly, by the stockholders
of Boise in substantially the same proportions as their ownership of stock of Boise, or
(5) an individual, entity or group that is permitted to and does report its beneficial ownership of securities of Boise 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 Boise 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 for purposes of this Agreement as of the first date on which the individual, person or group becomes required to or does
report its ownership on Schedule 13D. 

        3.     Termination and Change in Control. Except as set forth in Sections 6, 7, and 10.A, no benefits shall be payable under this
Agreement unless there is a change in control of Boise, your employment is terminated, and your termination is a Qualifying Termination or a Qualifying Early Termination. Your termination is a
Qualifying Termination if a change in control of Boise occurs and your employment subsequently terminates during the term of this Agreement, unless your termination is because of your death, by the
Company for Cause or Disability, or by you other than for Good Reason. Your termination is a Qualifying Early Termination if a potential change in control of Boise occurs, your employment terminates
during the pendency of the potential change in control of Boise and during the term of this Agreement, the termination is in contemplation of a change in control of Boise, and an actual change in
control of Boise occurs within one year following your termination, unless your termination is because of your death, by the Company for Cause or Disability, or by you other than for Good Reason. A
transfer of your employment from Boise to one of its subsidiaries, from the Company or any other subsidiary to Boise, or between subsidiaries is not a termination of employment for purposes of this
Agreement. 

        A.    Disability. If, as a result of your incapacity due to physical or mental illness or injury, you shall have been absent
from your duties with the Company on a full-time basis for 6 consecutive months, and within 30 days after written notice of termination is given you have not returned to 

the
full-time performance of your duties, the Company may terminate your employment for "Disability." 

        B.    Cause. Termination by the Company of your employment for "Cause" means termination upon (1) your willful and
continued failure to substantially perform your duties with the Company (other than failure resulting from your incapacity due to physical or mental illness or injury or actual or anticipated failure
resulting from your termination for Good Reason), after a demand for substantial performance is delivered to you by the Director which specifically identifies the manner in which the Director believes
that you have not substantially performed your duties, or (2) your willful engagement in conduct which is demonstrably and materially injurious to the Company, monetarily or otherwise. For
purposes of this Section 3.B, no act, or failure to act, on your part shall be considered "willful" unless done, or omitted to be done, by you not in good faith and without reasonable belief
that your act or omission was in the best interest of the Company. Notwithstanding the foregoing, you shall not be deemed to have been terminated for Cause unless and until: 

	•
	a
resolution is duly adopted by the Director (after reasonable notice to you and an opportunity for you, together with your counsel, to be heard before the Director),
finding that in the good faith opinion of the Director you were guilty of conduct set forth above in clauses (1) or (2) of this Section 3.B and specifying the particulars of your
conduct in detail, and

	•
	a
copy of this resolution is delivered to you. 

        All
decisions by the Company regarding termination for Cause must be supported by clear and convincing evidence. 

        C.    Good Reason. "Good Reason" means any of the following, if occurring without your express written consent after a change in
control of Boise: 

        (1)   The
assignment to you of any duties inconsistent with your responsibilities as an Executive Officer of the Company or a significant adverse alteration in your
responsibilities from those in effect immediately prior to the change in control of Boise; 

        (2)   The
disposition of the business of the Company for which your services are principally provided pursuant to a partial or complete liquidation of the Company, a sale of
assets (including stock of a subsidiary) of the Company, or otherwise unless the acquirer of the business assumes and agrees to fully perform this Agreement and the Company agrees to guarantee the
obligations of the acquirer under this Agreement; 

        (3)   A
reduction by the Company in your annual base salary as in effect on the date of this Agreement (as the same may be increased from time to time), except for
across-the-board salary reductions similarly affecting all executives of the Company, all executives of any Person in control of the Company, and all executives of any Person
in control of Boise; 

        (4)   A
reduction by the Company in your target annual cash incentive as in effect immediately prior to the change in control of Boise; 

        (5)   The
Company's requiring you to be based anywhere other than in the metropolitan area in which you were based immediately prior to the change in control of Boise, except
for required travel on the
Company's business to an extent substantially consistent with your business travel obligations as such existed immediately prior to the change in control; 

        (6)   The
failure by the Company to continue to provide you with benefits and compensation including paid time off, welfare benefits, short- and long-term
incentives, pension, life insurance, healthcare, and disability plans, no less favorable in the aggregate than the benefits and compensation available to you immediately prior to the change in control
of Boise; 

        (7)   The
failure of the Company to obtain a satisfactory agreement from any successor to assume and agree to perform this Agreement, as contemplated in Section 10; or 

        (8)   Any
purported termination of your employment by the Company which is not effected pursuant to a resolution satisfying the requirements of Section 3.B or a Notice
of Termination satisfying the requirements of Section 3.D, as applicable. Furthermore, no such purported termination of your employment shall be effective for purposes of this Agreement. 

        For
purposes of determining whether a Qualifying Early Termination has occurred, references to a change in control of Boise in this Section 3.C shall be deemed to refer to any
potential change in control of Boise pending at the time of the event or circumstance alleged to be Good Reason. 

        Your
right to terminate your employment pursuant to this Section 3.C shall not be affected by your incapacity due to physical or mental illness or injury. Your continued
employment shall not constitute consent to, or a waiver of rights with respect to, any act or failure to act constituting Good Reason. 

        D.    Notice of Termination. Any purported termination by the Company or by you shall be communicated by written Notice of
Termination to the other party according to Section 11. A "Notice of Termination" must indicate the specific termination provision in this Agreement relied upon and set forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of your employment under the indicated provision. 

        E.    Date of Termination. "Date of Termination" means: 

        (1)   if
your employment is terminated for Disability, 30 days after the Notice of Termination is given (provided that you have not returned to the performance of your
duties on a full-time basis during that 30-day period); 

        (2)   if
your employment is terminated for Cause, for Good Reason or for any other reason other than Disability or a Qualifying Early Termination, the date specified in the
Notice of Termination (which, in the case of a termination for Cause shall not be less than 30 days from the date the Notice of Termination is given, and in the case of a termination for Good
Reason shall not be more than 60 days from the date the Notice of Termination is given); 

        (3)   if
your termination is a Qualifying Early Termination, the later of the date determined according to subsection (1) or (2) above, or the date upon which
the actual change in control of Boise occurs; or 

        (4)   if
a dispute exists regarding the termination, the date on which the dispute is finally determined, either by mutual written agreement of the parties or by a final
judgment, order or decree of a court of competent jurisdiction (the time for appeal having expired and no appeal having been perfected), or, if earlier, the last day of the term of this Agreement.
This subsection (4) shall apply only if (i) the party receiving the Notice of Termination notifies the other party within 30 days that a dispute exists, (ii) the notice of
dispute is made in good faith, and (iii) the party giving the notice of dispute pursues resolution of the dispute with reasonable diligence. While any dispute is pending under this subsection
(4), the Company will continue to pay you your full compensation in effect when the Notice of Termination giving rise to the dispute was given (including, but not limited to, base salary) and continue
you as a participant in all compensation, benefit and insurance plans and programs in which you were participating when the Notice of Termination giving rise to the dispute was given, until the
dispute is finally resolved, or if earlier, the last day of the term of this Agreement. Amounts paid under this subsection (4) are in addition to all other amounts due under this Agreement and
shall not be offset against or reduce any other amounts due under this Agreement. 

        4.     Compensation During Disability or Upon Termination for Cause or Other than for Good Reason

        A.    During
any period that you fail to perform your duties as a result of incapacity due to physical or mental illness or injury, you shall continue to receive your full base
salary at the rate then in effect and all compensation paid during the period until your employment is terminated for Disability pursuant to Section 3.A. Thereafter, your benefits shall be
determined in accordance with the insurance programs then in effect of the Company or subsidiary corporation by which you are employed, and any qualified retirement plan and any executive supplemental
retirement plan in effect immediately prior to the change in control of Boise. 

        B.    If
your employment is terminated for Cause or by you other than for Good Reason, the Company shall pay you only your full base salary through the Date of Termination at
the rate in effect at the time Notice of Termination is given, plus all other amounts to which you are entitled under any compensation plan of the Company at the time those payments are due, and the
Company shall have no further obligations to you under this Agreement. 

        5.     Compensation upon a Qualifying Termination or Qualifying Early Termination. If your employment is terminated pursuant to a
Qualifying Termination or Qualifying Early Termination then you shall be entitled to the benefits provided in this Section 5. 

        A.    Not
later than the 5th day following the date the release required pursuant to Section 8.D becomes effective, the Company will pay you the following
amounts: 

        (1)   Your
full base salary through the Date of Termination (or, in the case of a Qualifying Early Termination, through your last day of employment) at the rate in effect at
the time Notice of Termination is given without regard to any reduction in base salary that would constitute Good Reason (whether or not any reduction is asserted as Good Reason), plus all other
amounts to which you are entitled under any compensation plan of the Company at the time those payments are due (in each case, to the extent not already paid); 

        (2)   A
lump sum severance payment equal to 3 times the sum of (a) your annual base salary at the rate in effect at the time Notice of Termination is given without
regard to any reduction in base salary that would constitute Good Reason (whether or not any reduction is asserted as Good Reason) ("Base Salary"), plus (b) your target annual incentive under
the Boise Incentive and Performance Plan (or any substitute plan) for the year in which occurs either the Date of Termination (or, in the case of a Qualifying Early Termination, your last day of
employment) or change in control of Boise, whichever is greater, without regard to any reduction in the target incentive that would constitute Good Reason (whether or not any reduction is asserted as
Good Reason) ("Target Bonus"); 

        (3)   To
the extent not already paid, a lump sum amount equal to the greater of the value of your unused and accrued time off, less any advanced time off, in accordance with
the Company's Paid Time Off Policy (or any successor policy) as in effect immediately prior to the change in control of Boise or as in effect on the Date of Termination (or, in the case of a
Qualifying Early Termination, as in effect on your last day of employment), whichever is more favorable to you; 

        B.    The
Company shall, at its sole discretion, comply with either subsection (1) or (2) below: 

        (1)   for
a 12-month [36-month for SVPs and above] period following the Date of
Termination, maintain, in full force and effect for your continued benefit, all life (other than the Boise Cascade Corporation Supplemental Life Plan), disability, accident and healthcare insurance
plans, programs, or arrangements, and financial counseling services in which you were participating immediately prior to the change in control of Boise (or in the case of a Qualifying Early
Termination, immediately prior to your last day of employment), or, if more favorable to you, the plans, programs, or arrangements in which you were participating immediately prior to the Date of
Termination, or 

        (2)   not
later than the 5th day following the date the release required pursuant to Section 8.D becomes effective, pay you a lump sum payment equal to twelve  [thirty-six] times 150% of the sum of
(a) the monthly group premium for the life (other than supplemental
life), disability, accident and healthcare insurance plans, programs, or arrangements, and (b) the monthly allowance for financial counseling services, in each case in which you were
participating immediately prior to the change in control of Boise (or in the case of a Qualifying Early Termination, immediately prior to your last day of employment), or, if more favorable to you,
the plans, programs, or arrangements in which you were participating immediately prior to the Date of Termination. 

        If
the Company chooses to provide the benefits indicated under subsection (1), and your continued participation (or a particular type of coverage) is not possible or becomes impossible
under the general terms and provisions of the plans, programs or arrangements, then the Company shall arrange to provide you with benefits, at substantially the same cost to you as determined
immediately prior to your last day of employment, which are substantially similar to those which you are entitled to receive under such plans, programs and arrangements. 

        Notwithstanding
the foregoing, the Company shall continue to pay the company-paid premium under the Boise Cascade Corporation Supplemental Life Plan (or a successor plan) for
thirty-six months following the Date of Termination. 

        For
a Qualifying Early Termination, any portion of the period commencing on the day after your last day of employment through and including the Date of Termination during which the
Company provides you with benefit continuation or pays the company-paid premium under the Boise Cascade Corporation Supplemental Life Plan (or a successor plan) will apply toward the
payment period required above. 

        C.    In
addition to the aggregate retirement benefits to which you may be entitled under Boise's qualified plan, Boise's Supplemental Pension Plan, any other nonqualified
pension agreement or arrangement
(excluding Boise's Supplemental Early Retirement Plan), or any successor plans, the Company shall pay you amounts equal to (1), (2), (3), or (4), whichever is applicable: 

        (1)   If
you have satisfied the service, but not the age, requirements of Boise's Supplemental Early Retirement Plan (the "SERP"), as in effect immediately prior to the change
in control of Boise, you shall receive a monthly benefit, commencing on your 55th birthday equal to the benefit to which you would have been entitled under the SERP, as in effect immediately prior to
the change in control of Boise, had you satisfied the age and service requirements as of the Date of Termination; or 

        (2)   If
you have satisfied the age, but not the service, requirement of the SERP, as in effect immediately prior to the change in control of Boise, you shall receive a
monthly benefit, commencing as of the Date of Termination equal to the benefit to which you would have been entitled under the SERP, as in effect immediately prior to the change in control of Boise,
had you satisfied the age and service requirements as of the Date of Termination; or 

        (3)   If
you have satisfied neither the age nor the service requirements of the SERP, as in effect immediately prior to the change in control of Boise, you shall receive a
monthly benefit, commencing on your 55th birthday equal to the benefit to which you would have been entitled under the SERP, as in effect immediately prior to the change in control of Boise, had you
satisfied the age and service requirements as of the Date of Termination; or 

        (4)   If
you have satisfied both the age and the service requirements of the SERP, as in effect immediately before the change in control of Boise, you shall receive the
benefits to which you are entitled under the SERP. 

        Solely
for purposes of calculating the amount of the benefit to which you would have been or are entitled under the SERP pursuant to subsections (1) through (4) above, you
shall be deemed 

to
have (i) accrued an additional two [three for SVPs and above] years of service credit under the Boise Cascade
Corporation Pension Plan for Salaried Employees (the "Pension Plan") following the actual date of your termination of employment, and (ii) earned compensation for each additional year of
service (without giving effect to limitations in the Pension Plan on the amount of compensation which may be taken into account in calculating the benefit under that plan) equal to the sum of the Base
Salary and the Target Bonus. This paragraph shall only apply if the change in control of Boise which gives rise to the obligations under this Section 5 occurs on or before December 31,
2003. If the change in control of Boise occurs after December 31, 2003, the benefit payable under subsections (1) through (4) above shall be calculated without regard to this
paragraph. 

        The
benefits under this Section 5.C shall be paid in the same manner as, and shall otherwise possess the same rights and privileges as were available with respect to, benefits
under the terms of the SERP as in effect immediately prior to the change in control of Boise. 

        For
purposes of this Section 5.C, with respect to a Qualifying Early Termination, references to the terms of the SERP as in effect immediately prior to a change in control of
Boise shall mean the terms of the SERP as in effect immediately prior to your last day of employment. 

        D.    You
shall not be required to mitigate the amount of any payment provided for in this Section 5 by seeking other employment or otherwise, nor shall the amount of
any payment or benefit provided for in Sections 5.A and/or 5.C be reduced by any compensation earned by you as the result of employment by another employer or by retirement benefits after the Date of
Termination, or otherwise. Benefits otherwise receivable by you pursuant to Section 5.B(1) shall be reduced to the extent comparable benefits are actually received by you during the
12-month [36-month] period following your termination, and you must report any such benefits actually received by you to the Company. 

        6.     Legal Fees. The Company shall pay to you all reasonable legal fees and expenses which you incur (a) as a result of
your termination (including any legal fees and expenses incurred in contesting or disputing your termination), (b) in seeking in good faith to obtain or enforce any right or benefit provided by
this Agreement, or (c) in connection with any tax audit or proceeding to the extent applicable to the application of Section 4999 of the Internal Revenue Code of 1986 as amended, to any
payment or benefit provided under this Agreement. This payment shall be made within 10 business days after the Company receives your written request for payment accompanied by reasonable evidence of
fees and expenses incurred. 

        7.     Protective Limitation. 

        A.    Notwithstanding
any provision of this Agreement to the contrary, if you would receive payments under this Agreement or under any other plan, program, or policy sponsored
by the Company; which relate to a change in control of Boise (the "Total Payments") and which are determined by the Company to be subject to excise tax under Section 4999 of the Code (the
"Excise Tax"); then the Company shall pay to you an additional amount (the "Gross-up Payment") such that the net amount retained by you, after deduction of any Excise Tax on the Total
Payments and any federal, state and local income and employment taxes, and Excise Tax upon the Gross-up Payment, shall be equal to the Total Payments. 

        B.    For
purposes of determining whether any of the Total Payments will be subject to the Excise Tax and the amount of such Excise Tax, (1) all of the Total Payments
shall be treated as "parachute payments" (within the meaning of Section 280G(b)(2) of the Code) unless, in the Company's opinion, such payments or benefits (in whole or in part) do not
constitute parachute payments, including by reason of Section 280G(b)(4)(A) of the Code, and (2) all "excess parachute payments" within the meaning of Section 280G(b)(1) of the
Code shall be treated as subject to the Excise Tax unless, in the Company's opinion, such excess parachute payments (in whole or in part) represent reasonable compensation for services actually
rendered (within the meaning of Section 280G(b)(4)(B) of the Code) in excess of the base amount allocable to such reasonable 

compensation,
or are otherwise not subject to the Excise Tax. For purposes of determining the amount of the Gross-up Payment, you will be deemed to pay federal income tax at the highest
marginal rate of federal income taxation in the calendar year in which the Gross-up Payment is to be made and state and local income taxes at the highest marginal rate of taxation in the
state and locality of your residence on the Date of Termination, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes. 

        C.    The
Company will pay you the amount of the Gross-Up Payment as soon as the amount can be determined but in no event later than the 30th day after the Date of
Termination. At the time that payments are made under this Agreement, the Company shall provide you with a written statement setting forth the manner in which the payments were calculated and the
basis for the calculations including, without limitation, any opinions or other advice the Company has received from its tax counsel, its auditor, or other advisors or consultants (and any opinions or
advice which are in writing shall be attached to the statement). 

        D.    If
the Excise Tax is finally determined to be less than the amount taken into account in calculating the Gross-up Payment, you shall repay to the Company,
within 5 business days following the time that the amount of the reduction in Excise Tax is finally determined, the portion of the Gross-up Payment attributable to the reduction (plus that
portion of the Gross-up Payment attributable to the Excise Tax and federal, state, and local income and employment taxes imposed on the Gross-up Payment being repaid by you, to
the extent that such repayment results in a reduction in the Excise Tax and a dollar-for-dollar reduction in your taxable income and wages for purposes of federal, state, and
local income and employment taxes). If the Excise Tax is determined, for any reason, to exceed the amount taken into account in calculating the Gross-up Payment, the Company shall make an
additional Gross-up Payment in respect of the excess (including any interest, penalties, or additions payable by you with respect to the Excise Tax) within 5 business days following the
time that the amount of the excess is finally determined. You and the Company shall reasonably cooperate with the other in connection with any administrative or judicial proceedings concerning the
existence or amount of liability for Excise Tax with respect to the Total Payments. 

        8.     Employee Covenants; Release. 

        A.    You
agree that you will not, directly or indirectly, use, make available, sell, disclose or otherwise communicate to any person, other than in the course of your assigned
duties and for the benefit of the Company, either during the period of your employment or at any time thereafter, any nonpublic, proprietary or confidential information, knowledge or data relating to
the Company, any of its subsidiaries, affiliated companies or businesses, which you obtained during your employment by the Company. This restriction will not apply to information that (i) was
known to the public before its disclosure to you; (ii) becomes known to the public after disclosure to you through no wrongful act of yours; or (iii) you are required to disclose by
applicable law, regulation or legal process (provided that you provide the Company with prior notice of the contemplated disclosure and reasonably cooperate with the Company at its expense in seeking
a protective order or other appropriate protection of such information). 

        B.    During
your employment with the Company and for one year after your termination, you agree that you will not, directly or indirectly, individually or on behalf of any
other person, firm, corporation or other entity, knowingly solicit, aid or induce any managerial level employee of the Company or any of its subsidiaries or affiliates to leave employment in order to
accept employment with or render services to or with any other person, firm, corporation or other entity unaffiliated with the Company or knowingly take any action to materially assist or aid any
other person, firm, corporation or other entity in identifying or hiring any such employee. 

        C.    You
agree that during and after your employment with the Company you shall not make any public statements that disparage the Company, its respective affiliates,
employees, officers, directors, products or services. Notwithstanding the foregoing, statements made in the course of 

sworn
testimony in administrative, judicial or arbitral proceedings (including, without limitation, depositions in connection with such proceedings) shall not be subject to this Section 8.C. 

        D.    Notwithstanding
anything in this Agreement to the contrary, the payment to you of the benefits provided in Section 5 is conditioned upon your execution and
delivery to the Company (and your failure to revoke) a customary general release of claims. 

        9.     Deferred Compensation and Benefits Trust. Boise has established a Deferred Compensation and Benefits Trust and shall
comply with the terms of that Trust. 

        For
this purpose, the term Deferred Compensation and Benefits Trust shall mean an irrevocable trust or trusts established or to be established by Boise with an independent trustee or
trustees for the benefit of persons entitled to receive payments or benefits hereunder, the assets of which nevertheless will be subject to claims of Boise's creditors in the event of bankruptcy or
insolvency. 

        10.   Successors; Binding Agreement. 

        A.    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 to expressly 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 succession had taken
place. Failure of the Company to obtain an assumption and agreement prior to the effectiveness of any succession which occurs during your employment with the Company and the term of this Agreement
shall be a breach of this Agreement and shall entitle you to compensation from the Company in the same amount and on the same terms as you would be entitled hereunder if you experience a Qualifying
Termination or Qualifying Early Termination, except that for purposes of this Section 10.A, the date on which any such succession becomes effective shall be deemed the Date of Termination. As
used in this Agreement, "Company" shall mean Boise Cascade Office Products Corporation and any successor to its business and/or assets which assumes and agrees to perform this Agreement. 

        B.    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 amount would still be payable to you under this Agreement if you had continued to live, all such amounts, unless otherwise provided in this
Agreement, shall be paid in accordance with the terms of this Agreement to your devisee, legatee or other designee or if there is no such designee, to your estate. 

        C.    Any
dispute between you and the Company regarding this Agreement may be resolved either by binding arbitration or by judicial proceedings at your sole election, and the
Company agrees to be bound by your election in that regard, provided that the Company is entitled to seek equitable relief in a court of competent jurisdiction in connection with the enforcement of
the covenants set forth in Section 8. Under no circumstance will a violation or alleged violation of those covenants entitle the Company to withhold or offset a payment or benefit due under
this Agreement. 

        11.   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 registered 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 Director 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 with this Section 11, except that notice of change of address shall be effective only upon receipt. 

        12.   Miscellaneous. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or
discharge is agreed to in writing and signed by you and an officer 

designated
by the Director. No waiver by either party at any time of any breach by the other party of, or compliance with, any condition or provision of this Agreement to be performed by the other
party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, express or
implied, with respect to the subject matter of this Agreement have been made by either party which are not expressly set forth in this Agreement. All references to sections of the Exchange Act or the
Code shall be deemed also to refer to any successor provisions to those sections. If the obligations of the Company under Sections 4, 5, 6, and 7 arise prior to the expiration of the term of this
Agreement, those obligations shall survive the expiration of the term. 

        13.   Validity. The invalidity or unenforceability of any provision 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. 

        14.   Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but
all of which together will constitute one and the same instrument. 

        15.   No Guaranty of Employment. Neither this Agreement nor any action taken under this Agreement shall be construed as giving
you a right to be retained as an employee or an executive officer of the Company. 

        16.   Governing Law. This Agreement shall be governed by and construed in accordance with Delaware law. 

        17.   Other Benefits. Any payments made to you pursuant to this Agreement are in addition to, and not in lieu of, any amounts
to which you may be entitled under any other employee benefit plan, program or policy of the Company, except that payments made to you pursuant to Section 5.A(2) shall be in lieu of any
severance payment to which you would otherwise be entitled under any severance pay policy of the Company and payments made to you pursuant to Section 5.C shall be in lieu of any payments under
the SERP. 

        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,	
 	

 
	

BOISE CASCADE OFFICE PRODUCTS

CORPORATION	
 	

BOISE CASCADE CORPORATION
	

By	
 	

 J. W. Holleran

As Sole Director	
 	

By	
 	

 J. W. Holleran, Senior Vice President

and General Counsel
	

Agreed to this [    ] day of [            ], 200  	
 	

 
	

 [Name]

	
 	

 

QuickLinks

Exhibit 10.22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]