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Exhibit 10.31

                              EMPLOYMENT AGREEMENT

     This Employment Agreement ("Agreement"), made as of June 19, 2001 by and
between United Stationers Supply Co., an Illinois corporation (the "Company"),
and R. Thomas Helton ("Helton") is an amendment and restatement of the agreement
made as of February 1, 1998 by and between the Company and Helton.

     In consideration of the mutual promises and agreements contained in this
Agreement, the Company hereby continues to employ Helton, and Helton accepts
continued employment with the Company, on the terms and conditions contained in
this Agreement.

     1. TERM OF EMPLOYMENT. The term of employment shall continue as of the date
of this Agreement and until January 31, 2002, and thereafter shall be extended
automatically for additional one-year periods unless written notice is given by
either party to the other at least 60 days prior to the end of such term, or any
extension thereof.

     2. POSITION AND DUTIES. During the term of employment, Helton shall serve
as Executive Vice President, Human Resources and Organization Development of the
Company, and, in accordance with the authority and direction of the board of
directors of the Company (the "Board") shall render such operational,
administrative and other services to the Company as may be required of such
position or as the Board may from time to time direct. Helton shall be available
at all reasonable times for consultation with the Board on matters relating to
the Company's or its affiliates' business.

     Helton shall devote his best efforts and his full and exclusive business
time and attention (except for reasonable periods of vacation, illness or other
incapacity) to the business and affairs of the Company and its affiliates.

     3. COMPENSATION. During the term of employment, Helton shall be compensated
as follows:

        3.1. BASE SALARY. Helton shall receive a base salary of no less than Two
Hundred Eighty-five Thousand Dollars ($285,000.00) per year, payable in
accordance with the Company's normal payment schedule for management employees.
The base salary shall be reviewed by the Board annually and may, in the Board's
sole discretion, be increased when deemed appropriate.

        3.2. BONUS. Helton shall be eligible to participate in any bonus plans
approved by the Board and made generally available to senior management
employees of the Company, and shall be entitled to such bonus amounts as shall
be determined in accordance with such plans.. This paragraph shall not be
construed to require the Company to establish or maintain any bonus plan.

        3.3. BENEFITS. Helton shall be included, to the extent eligible, in all
plans, programs and policies providing general benefits for the Company's
employees or its senior management employees (as approved by the Board and in
effect from time to time). The benefit plans, programs and policies presently in
effect are listed on Exhibit A attached to this

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Agreement. This paragraph shall not be construed to require the Company to
establish or maintain any policy, plan or program.

     4. CONFIDENTIAL INFORMATION AND PROPRIETARY MATERIALS.

        4.1. CONFIDENTIAL INFORMATION. Helton acknowledges the Company's
exclusive ownership of all information useful in the business of the Company,
its parents, subsidiaries or affiliates (collectively "United") (including its
dealings with suppliers, customers and other third parties, whether or not a
true "trade secret"), which at the time or times concerned is not generally
known to persons engaged in businesses similar to those conducted by United, and
which has been or is from time to time disclosed to, discovered by, or otherwise
known by Helton as a consequence of his employment by the Company (including
information conceived, discovered or developed by Helton during his employment
with the Company) (collectively, "Confidential Information"). Confidential
Information includes, but is not limited to, the following especially sensitive
types of information:

               4.1.1. The identity, purchase and payment patterns of, and
     special relations with, the customers of United;

               4.1.2. The identity, net prices and credit terms of, and special
     relations with, the suppliers of United;

               4.1.3. The inventory selection and management techniques of
     United;

               4.1.4. The product development and marketing plans of United;

               4.1.5. The strategic business plans of United; and

               4.1.6. The finances of United, except to the extent publicly

     disclosed.

        4.2. PROPRIETARY MATERIALS. The term "Proprietary Materials" shall mean
all business records, documents, drawings, writings, software, programs and
other tangible things which were or are created or received by or for United in
furtherance of its business, including, but not limited to, those which contain
Confidential Information. For example, Proprietary Materials include, but are
not limited to, the following especially sensitive types of materials:
applications software, the data bases of Confidential Information maintained in
connection with such software, and printouts generated from such data bases;
market studies and strategic plans; customer, supplier and employee lists;
contracts and correspondence with customers and suppliers; documents evidencing
transactions with customers and suppliers; sales calls reports, appointment
books, calendars, expense statements and the like, reflecting conversations with
any company, customer or supplier; architectural plans; and purchasing, sales
and policy manuals. Proprietary Materials also include, but are not limited to,
any such things which are created by Helton or with Helton's assistance and all
notes, memoranda and the like prepared using the Proprietary Materials and/or
Confidential Information.

        4.3. ACKNOWLEDGMENTS AND UNDERTAKINGS. While some of the information
contained in Proprietary Materials may have been known to Helton prior to
employment with the Company, or may now or in the future be in the public
domain, Helton acknowledges that the

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compilation of that information contained in the Proprietary Materials has or
will cost the Company a great effort and expense, and affords persons to whom
Proprietary Materials are disclosed, including Helton, a competitive advantage
over persons who do not know the information or have the compilation of the
Proprietary Materials. Helton further acknowledges that Confidential Information
and Proprietary Materials include commercially valuable trade secrets and
automatically become the Company's exclusive property when they are conceived,
created or received. Helton shall report to the Company fully and promptly,
orally (or, at the Company's request, in writing) all discoveries, inventions
and improvements, whether or not patentable, and all other ideas, developments,
processes, techniques, designs and other information which may be of benefit to
United, which Helton conceives, makes or develops during his employment (whether
or not during working hours or with use or assistance of Company facilities,
materials or personnel, and which either (i) relate to or arise out of any part
of United's business in which Helton participates, or (ii) incorporate or make
use of Confidential Information or Proprietary Materials) (all items referred to
in this Section 4.3 being sometimes collectively referred to herein as the
"Intellectual Property"). All Intellectual Property shall be deemed Confidential
Information of the Company, and any writing or other tangible things describing,
referring to, or containing Intellectual Property shall be deemed the Company's
Proprietary Materials. At the request of the Company, during or after the term
of employment, Helton (or after Helton's death, Helton's personal
representative) shall, at the expense of the Company, make, execute and deliver
all papers, assignments, conveyances, installments or other documents, and
perform or cause to be performed such other lawful acts, and give such
testimony, as the Company deems necessary or desirable to protect United's
ownership rights and Intellectual Property.

      4.4. CONFIDENTIALITY DUTIES. Helton shall, except as may be required
by law, during the term of employment, and thereafter for the longest time
permitted by applicable law:

               4.4.1. Comply with all of the Company's instructions (whether
     oral or written) for preserving the confidentiality of Confidential
     Information and Proprietary Materials.

               4.4.2. Use Confidential Information and Proprietary Materials
     only in furtherance of United's business, and pursuant to the Company's
     directions.

               4.4.3. Exercise appropriate care to advise other employees of the
     Company (and, as appropriate, subcontractors) of the sensitive nature of
     Confidential Information and Proprietary Materials prior to their
     disclosure, and to disclose the same only on a need-to-know basis.

               4.4.4. Not copy all or any part of Proprietary Materials, other
     than in the course of carrying out Helton's duties and responsibilities
     under this Agreement.

               4.4.5. Not sell, give, loan or otherwise transfer any copy of all
     or any part of Proprietary Materials to any person who is not an employee
     of the Company, other than in the course of carrying out Helton's duties
     and responsibilities under this Agreement.

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               4.4.6. Not publish, lecture on or otherwise disclose to any
     person who is not an employee of the Company, other than in the course of
     carrying out Helton's duties and responsibilities under this Agreement, all
     or any part of Confidential Information or Proprietary Materials.

               4.4.7. Not use all or any part of any Confidential Information or
     Proprietary Materials for the benefit of any third party without the
     Company's written consent.

     Upon the termination of Helton's employment for whatever reason, Helton (or
in the event of death, Helton's personal representative) shall promptly
surrender to the Company the original and all copies of Proprietary Materials
(including all notes, memoranda and the like concerning or derived therefrom,
whether prepared by Helton or others, which are then in Helton's possession or
control. Records of payments made by the Company to or for the benefit of
Helton, Helton's copy of this Agreement and other such things, lawfully
possessed by Helton to the extent relating solely to taxes payable by Helton,
employee benefits due to Helton or the terms of Helton's employment with the
Company, shall not be deemed Proprietary Materials for purposes of this Section
4.

     5.   NON-COMPETITION.

          5.1. NONCOMPETE. During Helton's term of employment, and during the
two (2) year period following his term of employment, Helton shall not, in any
way, directly or indirectly, manage, operate, control (or participate in any of
the foregoing), accept employment or a consulting position with or otherwise
advise or assist or be connected with or directly or indirectly own or have any
other interest in or right with respect to (other than through ownership of not
more than one percent (1%) of the outstanding shares of a corporation's stock
which is listed on a national securities exchange) any enterprise (other than
for the Company or for the benefit of the Company) which is a wholesaler or
retailer of office products having annual sales in excess of one million dollars
($1,000,000) or any other business in which United, during the term of
employment may be actively involved or have plans to become actively involved.
The Company shall not unreasonably withhold its consent to a request by Helton
for a waiver from the strict application of this Section 5.1 with respect to a
specific employment or engagement of, or a specific acquisition of an interest
by, Helton. The Company shall not be deemed to have unreasonably withheld its
consent, if the Company determines that such employment, engagement, or
acquisition would have a competitive effect on the Company.

          5.2. MANUFACTURING OF OFFICE PRODUCTS. Notwithstanding Section 5.1.,
following the term of employment, Helton may be engaged by any company whose
principal business is the manufacture or resale of office products.

          5.3. NONSOLICITATION. During Helton's term of employment and during
the two (2) year period following his term of employment, Helton shall not at
any time, directly or indirectly, solicit (1) any client or customer of United
with whom he had contact while employed by the Company for the purpose of
causing such client or customer to change its business relationship with United;
provided, however, nothing herein is intended nor should such be construed as
precluding Helton from responding to unsolicited client or customer inquiries at
any time, or (2) except for receiving and following up on publicly placed
employment

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advertisements, any employee of United for the purposes of causing such employee
to terminate employment with United.

          5.4. LIMITATIONS. Helton recognizes that the foregoing limitations are
reasonable and properly required for the adequate protection of the business of
the Company. If any such limitations are deemed unreasonable by a court having
jurisdiction of the matter and parties, Helton hereby agrees and submits to the
reduction of any such limitations to such territory or time as to such court
shall appear reasonable.

          5.5. REMEDIES. Helton agrees that the remedy at law for any breach of
the provisions of Section 4 or this Section 5 shall be inadequate and that the
Company shall be entitled to injunctive relief in addition to any other remedies
it may have.

     6. MUTUAL NON-DISPARAGEMENT. During and after the term of employment:

          6.1. Helton shall not, directly or indirectly, make or cause to be
made and shall not intentionally cause the officers, directors, employees,
agents and representatives of any entity or person controlled by Helton to make
or cause to be made, any disparaging, denigrating, derogatory or other negative
or false statement orally or in writing to any person or entity about the
Company, its or their respective parents, subsidiaries or affiliates, its or
their respective executive officers or members of its or their boards of
directors, or the business strategy or plans, policies, practices or operations
of the Company, or of its or their respective parents, subsidiaries or
affiliates. Helton shall not, directly or indirectly, and shall, within his
reasonable ability to control, cause the officers, directors, employees, agents
and representatives of any entity or person controlled by Helton not to,
directly or indirectly, dissipate or negatively affect the goodwill, business,
prospects or reputation of United or its relationships with its employees,
customers, suppliers, competitors, vendors, stockholders, lenders, prospective
investors or prospective purchasers of any businesses or assets of United.

          6.2. The Company shall not, directly or indirectly, make or cause to
be made, and shall not intentionally cause the officers, directors, employees,
agents or representatives of any entity or person controlled by the Company or
by which the Company is controlled, make or cause to be made, any disparaging,
denigrating, derogatory or other negative or false statement orally or in
writing to any person or entity about Helton, any entity controlled by or with
which Helton is affiliated, or any business plans, policies, practices or
reputation of Helton or any entity controlled by or with which he is affiliated.
The Company shall not, directly or indirectly, and shall within its reasonable
ability to control, cause the officers, directors, employees, agents and
representatives of the Company, its parent, subsidiaries, and affiliates and
their respective executive officers and members of their respective Boards of
Directors not to, directly or indirectly, dissipate or negatively affect the
goodwill, business, prospects or reputation of Helton or any entity controlled
by him or with which he is affiliated.

     7.   TERMINATION AND SEVERANCE.

          7.1. RESIGNATION. If Helton resigns other than for Good Reason as
defined in Section 7.2.1, or if Helton gives notice to the Company of
non-extension of the term of

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employment pursuant to Section 1, he shall be entitled to receive only the
unpaid portion of his base salary and accrued vacation attributable to and
including the date of resignation, and reimbursement for reasonable reimbursable
expenses incurred on behalf of the Company prior to the date of termination.

          7.2. BY HELTON FOR GOOD REASON. Helton may elect to terminate his
employment by written notice to the Company within sixty (60) days after the
occurrence, without Helton's consent, of any event which constitutes "Good
Reason" as herein defined.

               7.2.1. "Good Reason" shall mean the occurrence of any of the
following events:

               (a)  any diminution in Helton's position (including status,
                    offices and titles), authority, duties or responsibilities
                    (including the assignment to Helton of any duties
                    inconsistent with Helton's position, authority, duties or
                    responsibilities, excluding for this purpose an isolated,
                    insubstantial and inadvertent action not taken in bad faith
                    and which is remedied promptly and in any event within ten
                    (10) business days after receipt of written notice thereof
                    given by Helton to the Chief Executive Officer in accordance
                    with Section 10.1), excluding a change in the office or
                    officer to whom Helton reports;

               (b)  the reduction of Helton's base salary (as specified under
                    Section 3 above), bonus, or incentive opportunity, or a
                    substantial reduction in benefits;

               (c)  the exclusion of Helton from, or diminution in Helton's
                    participation in, any pension, bonus, management incentive,
                    profit sharing and/or other similar incentive compensation
                    or deferred compensation plans made available generally to
                    senior management personnel of the Company, other than
                    exclusions, changes or diminutions applicable to all senior
                    management personnel;

               (d)  any relocation of Helton's principal office more than fifty
                    (50) miles from its location on the date of this amended and
                    restated Agreement;

               (e)  any diminution in expense reimbursement benefits enjoyed by
                    Helton, except pursuant to a general change in the Company's
                    reimbursement policies; or

               (f)  the breach by the Company of any of its covenants or
                    obligations under this Agreement which is not promptly cured
                    after notice from Helton.

               7.2.2. If the employment is terminated by Helton for Good Reason,
Helton shall be entitled to receive and the Company shall pay:

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               (a)  the unpaid portion of his base salary and accrued vacation
                    attributable to and including the date of termination;

               (b)  reimbursement for reasonable reimbursable expenses incurred
                    by him on behalf of the Company prior to the date of
                    termination; and

               (c)  a severance amount equal to two (2) years' base salary at
                    the level then in effect immediately prior to such
                    termination, plus an amount equal to his bonuses earned from
                    the Company for the calendar year preceding the year in
                    which notice is given by Helton to the Company
                    (collectively, "Severance Benefit"), payable in equal
                    installments on the Company's regular pay schedule,
                    commencing within thirty (30) days after receipt by the
                    Company of written notice of termination from Helton
                    pursuant to Section 7.2 and continuing for twenty-four (24)
                    months; provided that in the event that Helton terminates
                    his employment pursuant to this Section 7.2 within two (2)
                    years following a Change of Control (as defined in Appendix
                    I), then the Severance Benefit shall be equal to two (2)
                    years' base salary at the level then in effect immediately
                    prior to such termination (except that in the event Helton
                    terminates his employment for Good Reason based on a
                    reduction in base salary, then two (2) years' base salary as
                    in effect immediately prior to such reduction), plus an
                    amount equal to two (2) times the greater of (i) the average
                    of his bonuses earned from the Company for the three (3)
                    calendar years preceding the year in which Helton terminates
                    his employment and (ii) the target bonus for the then
                    current calendar year, or the immediately preceding year if
                    the target bonus has not been established for the then
                    current calendar year (except that in the event Helton
                    terminates his employment for Good Reason based on a
                    reduction in Helton's target bonus, then the target bonus
                    taken into account for the purpose of this Section 7.2.2(c)
                    shall be the target bonus immediately prior to such
                    reduction), payable in a lump sum payment as soon as
                    practicable following the termination of Helton's
                    employment, but in no event later than ten (10) days
                    following the date of such termination; and

               (d)  health care coverage for medical and dental benefits
                    comparable to that in effect for Helton and his qualified
                    dependents immediately prior to such termination at no cost
                    to Helton for two (2) years following such termination.

               7.2.3. If the employment is terminated by Helton for Good Reason
within two (2) years following a Change of Control, Helton shall be entitled to
receive and the Company shall provide the following benefits in addition to the
benefits described in Section 7.2.2:

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               (a)  in addition to health care coverage for medical and dental
                    benefits pursuant to Section 7.2.2(d), all other welfare
                    benefits and other fringe benefits and perquisites
                    comparable to benefits and perquisites in effect for Helton
                    and his qualified dependents immediately prior to such
                    termination at no cost to Helton for two (2) years following
                    such termination; provided that the Company will not be
                    obligated to provide any welfare benefits or other fringe
                    benefits and perquisites to the extent comparable benefits
                    and perquisites on a coverage-by-coverage and a
                    benefit-by-benefit basis are provided to Helton and his
                    qualified dependents by any subsequent employer, but only
                    for the period such benefits and perquisites are actually
                    provided by a subsequent employer to Helton;

               (b)  a lump sum payment, with respect to each pension plan
                    (within the meaning of Section 3(2) of the Employee
                    Retirement Income Security Act of 1974, as amended, and
                    whether or not qualified under Section 401(a) of the
                    Internal Revenue Code 1986, as amended ("Code")) ("Plan")
                    which is a defined contribution plan ("Savings Plan"), equal
                    to two (2) times the aggregate for the plan year ending
                    immediately prior to Helton's termination of (i) the Company
                    profit sharing contribution on Helton's behalf, if any, and
                    (ii) the Company matching contribution that would have been
                    made pursuant to the terms of the Savings Plan on Helton's
                    behalf, if Helton made the maximum elective contribution
                    allowed under Code Section 402(g), payable as soon as
                    practicable following the later of Helton's termination of
                    employment and the date when the Company's contribution for
                    the preceding plan year is finally determined, but in no
                    event later than ten (10) days following the date of
                    Helton's termination of employment;

               (c)  a lump sum payment which is Actuarially Equivalent (as such
                    term is defined in Section 2.3(b) of the United Stationers
                    Pension Plan or its successor) to the additional benefits to
                    which Helton would have been entitled if Helton had
                    continued employment for two (2) years following the date of
                    Helton's termination of employment under each Plan which is
                    a defined benefit pension plan or a top hat defined benefit
                    plan ("Retirement Plan") in which Helton is a participant
                    (including benefits under Section 8), payable as soon as
                    practicable following the termination of Helton's
                    employment, but in no event later than ten (10) days
                    following the date of such termination; and

               (d)  a lump sum payment which is Actuarially Equivalent to the
                    Supplemental Retirement Benefit as provided in Section 8.5.

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          7.3. BY EXPIRATION OF THE TERM OF EMPLOYMENT. If the term of
employment expires and notice has been given by the Company that the term will
not be extended or further extended pursuant to Section 1 of this Agreement,
Helton shall be entitled to receive:

               (a)  the unpaid portion of his base salary and accrued vacation
                    pay attributable to and including the date of termination;

               (b)  reimbursement for reasonable reimbursable expenses incurred
                    on behalf of the Company prior to the date of termination;

               (c)  Severance Benefit in an amount equal to and on the same
                    basis as provided in Section 7.2.2(c);

               (d)  health care coverage for medical and dental benefits
                    comparable to that in effect for Helton and his qualified
                    dependents immediately prior to such termination at no cost
                    to Helton for two (2) years following such termination; and

               (e)  if the term of employment is terminated pursuant to this
                    Section 7.3 within two (2) years following a Change of
                    Control, Helton shall be entitled to receive and the Company
                    shall provide the benefits set forth in Section 7.2.3 in
                    addition to the benefits set forth in subsections (a)
                    through (d) of this Section 7.3.

          7.4. BY COMPANY FOR CAUSE. The Company may terminate the employment at
any time for Cause (as hereinafter defined). If Helton is terminated by the
Company for Cause, Helton shall be entitled to receive only the unpaid portion
of his base salary and accrued vacation attributable to all periods prior to and
including the date of his termination, and reimbursement for reasonable
reimbursable expenses incurred on behalf of the Company prior to the date of his
termination.

               7.4.1. "Cause" shall mean Helton's:

               (a)    conviction of, or plea of NOLO CONTENDERE to, a felony;

               (b)    theft or embezzlement, or attempted theft or embezzlement,
                      of money or property or assets of the Company or any of
                      its affiliates;

               (c)    use of illegal drugs;

               (d)    material breach of this Agreement;

               (e)    commission of any act or acts of moral turpitude in
                      violation of Company policy;

               (f)    gross negligence or willful misconduct in the performance
                      of his duties; or

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               (g)    breach of any fiduciary duty owed to the Company,
                      including, without limitation, engaging in directly
                      competitive acts while employed by the Company.

               7.4.2. If the event constituting Cause is curable, the Company
     shall notify Helton in writing ("Notice of Cause") in accordance with
     Section 10.1 below that it intends to terminate his employment for Cause
     effective at the end of a twenty (20) day period following the date that
     Helton receives a Notice of Cause, such Notice of Cause to state in detail
     the particular event that constitutes Cause. If the event constituting
     Cause is curable, as determined by the Board in good faith, Helton shall
     have a reasonable opportunity to cure the event constituting Cause
     following his receipt of such Notice of Cause from the Company; provided,
     however, if Helton has not cured such event to the reasonable satisfaction
     of the Company and the Company has not waived in writing Helton's failure
     to cure during the twenty (20) day period following the date of the Notice
     of Cause, the Company may terminate Helton's employment effective following
     the end of such twenty (20) day period.

          7.5. BY THE COMPANY OTHER THAN FOR CAUSE. The Company may terminate
Helton's employment on written notice to Helton at any time.

               7.5.1. If Helton's employment is terminated by the Company, other
     than for Cause, Helton shall be entitled to receive and the Company shall
     pay:

               (a) the unpaid portion of his base salary and accrued vacation
                   pay attributable to and including the date of termination;

               (b) reimbursement for reasonable reimbursable expenses incurred
                   by him on behalf of the Company prior to the date of
                   termination;

               (c) Severance Benefit in an amount equal to and on the same
                   basis as provided in Section 7.2.2(c); and

               (d) health care coverage for medical and dental benefits
                   comparable to that in effect for Helton and his qualified
                   dependents immediately prior to such termination at no cost
                   to Helton for two (2) years following such termination.

               7.5.2. If the employment is terminated by the Company, other than
     for Cause, within two (2) years following a Change of Control, Helton shall
     be entitled to receive and the Company shall pay the benefits set forth in
     Section 7.2.3 in addition to the benefits set forth in Section 7.5.1.

          7.6. BY DEATH OR DISABILITY. If Helton's employment is terminated due
to his death or permanent disability, Helton shall be entitled to severance pay
in accordance with the provisions of 7.3.1 and 7.3.2 above. In addition, if
Helton's spouse is then living, for the remainder of such spouse's life the
Company shall continue to provide health coverage for Helton's spouse and
dependent children in accordance with the Company's health plans made generally
available to employees of the Company, without cost to Helton's spouse. Nothing
in

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this Agreement shall affect Helton's right to receive death benefit payments
under any policy of insurance carried by the Company and payable to Helton or
his designated beneficiary.

        7.7. RETIREMENT. Helton agrees that, in any event, his employment
shall terminate automatically on his sixty-fifth (65th) birthday. If his
employment is terminated pursuant to this Section 7.7., Helton shall be entitled
to:

        7.7.1. accrued vacation pay and reimbursement for reasonable expenses
incurred on behalf of the Company prior to the date of termination, and

        7.7.2. in addition, Helton shall be entitled to participate in the
Company's health plan for retirees.

     8. CHANGE OF CONTROL SUPPLEMENTAL RETIREMENT BENEFIT.

        8.1. SUPPLEMENTAL RETIREMENT BENEFIT. In the event a Change of Control
occurs during the term of employment, Helton shall be entitled to the following
fully vested nonqualified supplemental retirement benefit (the "Supplemental
Retirement Benefit"): a life annuity, payable monthly, commencing with the first
payment on Helton's sixty-fifth (65th) birthday in an amount equal to the excess
of (1) the product of (i) one-twelfth (1/12th) of one and sixty-seven hundredths
percent (1.67%) of Helton's average Eligible Earnings (as defined below) for the
three (3) consecutive calendar years of his service with the Company immediately
preceding the earlier of his termination of employment or his sixty-fifth (65th)
birthday, multiplied by (ii) the number of full and partial years (not to exceed
thirty (30)) of Helton's service with the Company, including the additional
service credit under Section 8.3, with one-twelfth (1/12th) of a year being
credited for each calendar month or part thereof during the term of employment,
over (2) the Retirement Plan Offset.

        8.2. ELIGIBLE EARNINGS. "Eligible Earnings" shall mean the sum of
Helton's base salary and bonus compensation paid or deferred for a calendar
year. If the term of employment does not cover three (3) full calendar years,
Helton's Eligible Earnings will be determined on an annualized basis with
respect to the calendar years in which the term of employment commenced and
terminated.

        8.3. ADDITIONAL SERVICE CREDIT. If Helton's service with the Company
extends to Helton's sixty-fifth (65th) birthday, then Helton to the extent
Helton's actual years of service are less than thirty (30) at age sixty-five
(65), shall be credited with an additional number of years of service equal to
thirty (30) minus Helton's actual years of service at age sixty-five (65),
provided, however, that such additional years of credited service shall not
exceed fifteen (15). If Helton's employment is terminated before attaining age
sixty-five (65) pursuant to Sections 7.2, 7.3, 7.5 or 7.6 within two (2) years
following a Change of Control, then Helton, to the extent Helton's actual years
of service would have been less than thirty (30) had Helton remained employed
until age sixty-five (65), shall be credited with an additional number of years
of service equal to thirty (30) minus what Helton's actual years of service
would have been at age sixty-five (65), provided, however, that such additional
years of credited service shall not exceed fifteen (15).

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        8.4. RETIREMENT PLAN OFFSET. The Retirement Plan Offset is the monthly
amount of a life annuity for Helton, payable monthly, commencing with the first
payment on Helton's sixty-fifth (65th) birthday, which is Actuarially Equivalent
to the aggregate of the vested pension benefits accrued by Helton under every
other Retirement Plan in which Helton participates, and each similar plan
maintained by a predecessor or successor employer of Helton.

        8.5. LUMP SUM PAYMENT. In the event that a Change of Control occurs and
Helton is entitled to receive a Supplemental Retirement Benefit, Helton may, at
any time prior the end of the calendar year preceding his sixty-fifth (65th)
birthday or with the Company's consent, elect to receive a lump sum payment on
his sixty-fifth (65th) birthday, which is Actuarially Equivalent to the
Supplemental Retirement Benefit. In the event Helton's service with the Company
is terminated pursuant to Sections 7.2, 7.3 or 7.5 within two (2) years after
the occurrence of a Change of Control and prior to his sixty-fifth (65th)
birthday, Helton shall receive a lump sum payment which is Actuarially
Equivalent to the Supplemental Retirement Benefit immediately following, but in
no event later than ten (10) days after, such termination.

        8.6. DEATH OR DISABILITY BENEFIT BENEFIT. In the event that Helton's
service with the Company terminates pursuant to Section 7.6 after a Change of
Control has occurred, Helton or his Beneficiary (as defined below), as the case
may be, shall receive a lump sum payment which is Actuarially Equivalent to the
Supplemental Retirement Benefit accrued by Helton determined as of the date
immediately preceding Helton's termination of Service with the Company pursuant
to Section 7.6.

        8.7. BENEFICIARIES. Helton may designate the beneficiary or
beneficiaries ("Beneficiary") to whom the Supplemental Retirement Benefit shall
be paid or to whom any uncashed checks may be reissued by completing and signing
a beneficiary designation form in such form as the Company may prescribe. In the
event of any conflict between beneficiary designation forms, the last
beneficiary designation form received by the Company shall govern. A beneficiary
designation may be changed without the consent of any prior Beneficiary. If
Helton does not complete a beneficiary designation form, or no designated
Beneficiary survives Helton, the Beneficiary shall be determined in the same
manner as would be determined under the applicable laws of descent and
distribution with respect to Helton's estate. If the Company shall find that
Helton or a Beneficiary is unable to care for his or her affairs because of
illness or accident or is unable to execute a proper receipt for the payment of
the Supplemental Retirement Benefit, the Company may make payment to a relative
or other proper person for the benefit of Helton or such Beneficiary. To the
extent permitted by law, the payment to a person in accordance with this
paragraph shall fully discharge the Company's obligation to pay the Supplemental
Retirement Benefit.

     9. PARACHUTE GROSS-UP. If Helton becomes entitled to any payments or
benefits whether pursuant to the terms of or by reason of this Agreement or any
other plan, arrangement, agreement, policy or program (including without
limitation any deferred stock unit, restricted stock, stock option, stock
appreciation right or similar right, or the lapse or termination of any
restriction on the vesting or exercisability of any of the foregoing) with the
Company, any successor to the Company or to all or a part of the business or
assets of the Company (whether direct or indirect, by purchase, merger,
consolidation, spin off, or otherwise and regardless of whether such payment is
made by or on behalf of the Company or such successor) or any person

                                       12
<Page>

whose actions result in a Change of Control or any person affiliated with the
Company or such persons (in the aggregate, "Payments" or singularly, "Payment"),
which Payments are reasonably determined by an accounting firm mutually agreed
upon by Helton and the Company ("Accountant") (which agreement neither party
shall unreasonably withhold) to be subject to the tax imposed by Section 4999 or
any successor provision of the Code or any similar state or local tax, or any
interest or penalties are incurred by Helton with respect to such excise tax
(such excise tax, together with any such interest and penalties, are hereinafter
collectively referred to as the "Excise Tax"), the Company shall pay Helton an
additional amount ("Gross-Up Payment") such that the net amount retained by
Helton, after deduction or payment of (i) any Excise Tax on Payments, (ii) any
federal, state and local income or employment tax and Excise Tax upon the
payment provided for by this Section, and (iii) any additional interest and
penalties imposed because the Excise Tax is not paid when due, shall be equal to
the full amount of the Payments. The Company and Helton shall use their
reasonable efforts to cause the Accountant to complete its calculation at least
ten (10) days prior to the time any Excise Tax is due. For purposes of
determining the amount of the Gross-Up Payment, Helton shall be deemed to pay
federal income taxes 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 and employment taxes at the highest marginal rates of taxation in
the applicable state and locality with respect to which Helton is subject to tax
on the date the Gross-Up Payment is to be made, net of the maximum reduction in
federal income taxes which could be obtained from deduction of such state and
local taxes. The Gross-Up Payment shall be paid to Helton within five (5) days
from the earlier of (i) the issuance by the Internal Revenue Service of a notice
stating in effect that an Excise Tax is due with respect to the Payments or (ii)
the receipt by the Company of a written statement by the Accountant of the
amount of the Gross-Up Payments. Notwithstanding the foregoing, if the Excise
Tax is determined by the Internal Revenue Service or the Accountant subsequent
to the payment set forth in the preceding sentence to exceed the amount taken
into account in determining the Gross-Up Payment calculated at such time, the
Company shall pay within ten (10) days after the time of such determination the
amount by which the recalculated Gross-Up Payment exceeds the Gross-Up Payment
paid pursuant to the preceding sentence. Following payment to Helton of any
Gross-Up Payment, including pursuant to the immediately preceding sentence,
Helton shall reasonably cooperate with the Company, at its sole cost and expense
and with full indemnification by the Company, as the Company shall reasonably
request in efforts to obtain a refund of any Excise Tax which the Company has a
reasonable basis to challenge. Any such refund so obtained shall be paid by
Helton to the Company.

     10. MISCELLANEOUS.

         10.1. All notices hereunder shall be given in writing and sent to the
party for whom such is intended by hand delivery or United States certified or
registered mail, return receipt requested, postage prepaid, or overnight courier
service, addressed to the party for whom intended at the following respective
addresses:

                                       13
<Page>

                          If to the Company:      United Stationers Supply Co.
                                                  2200 E. Golf Road
                                                  Des Plaines, IL  60016
                                                  Attn: CEO

                          With a copy to:         Weil, Gotshal & Manges LLP
                                                  100 Crescent Court, Suite 1300
                                                  Dallas, Texas 75201
                                                  Attn:  Mary R. Korby, Esq.

                          And a copy to:
                                                  -----------------------------

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

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

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

                          If to Helton:           R. Thomas Helton
                                                  20979 North Wildrose
                                                  Barrington, IL  60010

                           And a courtesy copy to:
                                                  -----------------------------

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

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

or to such other persons and/or at such other addresses as may be designated by
written notice served in accordance with the provisions hereof. Such notices
shall be deemed to have been served, if hand delivered, on the day delivered,
and if mailed, on the third (3rd) day following the date deposited in the mail.
Urgent notices shall be given by fax to the same addresses and confirmed by mail
as provided above. All notices sent by facsimile or cable shall be deemed to
have been served upon receipt of the fax, but only if in fact confirmed by mail
promptly after dispatch of the fax.

        10.2. This Agreement and all rights and benefits hereunder are personal
to Helton and neither this Agreement nor any right or interest of Helton herein,
or arising hereunder, shall be voluntarily or involuntarily sold, transferred or
assigned by Helton. Any attempt by Helton to assign, execute, attach, transfer,
pledge, hypothecate or otherwise dispose of any such benefits or amounts or any
rights or interests contrary to the foregoing provisions, or the levy or
attachment or similar process thereupon, shall be null and void and of no effect
and shall relieve the Company of all liabilities hereunder. This Agreement and
all of the Company's right and obligations hereunder may be assigned and/or
delegated, as the case may be, without Helton's consent, to any entity which
merges with the Company or which acquires substantially all of the assets of the
Company and which agrees to be bound hereby. The enforceability of Helton's
rights under the Agreement shall not be affected by any assignment or merger.

        10.3. This Agreement shall be binding upon and inure to the benefit of
the parties and their respective heirs, personal representatives, successors and
permitted assigns.

                                       14
<Page>

        10.4. This Agreement constitutes the entire agreement between the
parties and contains all the agreements between such parties with respect to the
subject matter hereof. This Agreement supersedes all other agreements, oral or
in writing, between the parties with respect to the subject matter hereof
(including, but not limited to, the agreement between the parties dated February
1, 1998, which this Agreement amends and restates).

        10.5. No change or modification of this Agreement shall be valid unless
the same shall be approved by the Board and in writing and signed by Helton and
an authorized representative of the Company other than Helton. No waiver of any
provisions of this Agreement shall be valid unless in writing and signed by the
person or party to be charged.

        10.6. If any provisions of this Agreement (or portions thereof) shall,
for any reason, be invalid or unenforceable, such provisions (or portions
thereof) shall be ineffective only to the extent of such invalidity or
unenforceability, and the remaining provisions or portions shall nevertheless be
valid, enforceable and of full force and effect.

        10.7. The section or paragraph headings or titles are for convenience
only and shall not be deemed a part of this Agreement.

        10.8. This Agreement may be executed in multiple counterparts, each of
which shall be deemed to be an original and all of which taken together shall
constitute a single instrument.

        10.9. If Helton or his estate or designee prevails in any action to
enforce their rights under this Agreement, they shall be entitled to receive
their attorneys' fees, costs and expenses incurred in enforcing their rights
under this Agreement, as well as interest at the Prime Rate as publicly
announced by The Northern Trust Company from time to time on the amount of the
judgment from the date of demand for payment hereunder through the date of
receipt of the amount of the judgment.

     IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed in its corporate name by an officer thereof duly authorized, and Helton
has hereunto set his hand, as of the day and year first above written.

                                          UNITED STATIONERS SUPPLY CO.,
                                          an Illinois corporation

                                       By:
                                          --------------------------------------
                                                     Randall W. Larrimore
                                                     President and
                                                     President and
                                                     Chief Executive Officer

                                          --------------------------------------
                                                     R. Thomas Helton

                                       15
<Page>

                                   APPENDIX I

                          CHANGE OF CONTROL DEFINITION

For the purposes of this Agreement, term "Change of Control" shall have the
meaning set forth below:

For the purpose of the definition of a "Change of Control" set forth below, the
term "Company" shall mean United Stationers Inc., and the term "Board" shall
mean the board of directors of the Company.

"CHANGE OF CONTROL" means:

     (a) Any "Person" (having the meaning ascribed to such term in Section
3(a)(9) of the Securities Exchange Act of 1934, as amended ("1934 Act") and used
in Sections 13(d) and 14(d) thereof, including a "group" within the meaning of
Section 13(d)(3)) has or acquires "Beneficial Ownership" (within the meaning of
Rule 13d-3 under the 1934 Act) of 30% or more of the combined voting power of
the Company's then outstanding voting securities entitled to vote generally in
the election of directors ("Voting Securities"); provided, however, that in
determining whether a Change of Control has occurred, Voting Securities which
are held or acquired by (i) the Company or any of its subsidiaries or (ii) an
employee benefit plan (or a trust forming a part thereof) maintained by the
Company or any of its subsidiaries shall not constitute a Change of Control.
Notwithstanding the foregoing, a Change of Control shall not be deemed to occur
solely because any Person acquired Beneficial Ownership of more than the
permitted amount of Voting Securities as a result of the issuance of Voting
Securities by the Company in exchange for assets (including equity interests) or
funds with a fair value equal to the fair value of the Voting Securities so
issued; provided that if a Change of Control would occur (but for the operation
of this sentence) as a result of the issuance of Voting Securities by the
Company, and after such issuance of Voting Securities by the Company, such
Person becomes the Beneficial Owner of any additional Voting Securities which
increases the percentage of the Voting Securities Beneficially Owned by such
Person to more than 50% of the Voting Securities of the Company, then a Change
of Control shall occur.

     (b) At any time during a period of two consecutive years, the individuals
who at the beginning of such period constituted the Board (the "Incumbent
Board") cease for any reason to constitute more than 50% of the Board; provided,
however, that if the election, or nomination for election by the Company's
stockholders, of any new director was approved by a vote of more than 50% of the
directors then comprising the Incumbent Board, such new director shall, for
purposes of this subsection (b), be considered as though such person were a
member of the Incumbent Board; provided, further, however, that no individual
shall be considered a member of the Incumbent Board if such individual initially
assumed office as a result of (i) either an actual "Election Contest" (as
described in Rule 14a-11 promulgated under the 1934 Act) or other actual
solicitation of proxies or consents by or on behalf of a Person other than the
Incumbent Board (a "Proxy Contest"), or (ii) by reason of any agreement intended
to avoid or settle any actual or threatened Election Contest or Proxy Contest.

                                        1
<Page>

     (c) Consummation of a merger, consolidation or reorganization or approval
by the Company's stockholders of a liquidation or dissolution of the Company or
the occurrence of a liquidation or dissolution of the Company ("Business
Combination"), unless, following such Business Combination:

     (1)  the Persons with Beneficial Ownership of the Company, immediately
          before such Business Combination, have Beneficial Ownership of more
          than 50% of the combined voting power of the then outstanding voting
          securities entitled to vote generally in the election of directors of
          the corporation (or in the election of a comparable governing body of
          any other type of entity) resulting from such Business Combination
          (including, without limitation, an entity which as a result of such
          transaction owns the Company or all or substantially all of the
          Company's assets either directly or through one or more subsidiaries)
          (the "Surviving Company") in substantially the same proportions as
          their Beneficial Ownership of the Voting Securities immediately before
          such Business Combination;

     (2)  the individuals who were members of the Incumbent Board immediately
          prior to the execution of the initial agreement providing for such
          Business Combination constitute more than 50% of the members of the
          board of directors (or comparable governing body of a noncorporate
          entity) of the Surviving Company; and

     (3)  no Person (other than the Company, any of its subsidiaries or any
          employee benefit plan (or any trust forming a part thereof) maintained
          by the Company, the Surviving Company or any Person who immediately
          prior to such Business Combination had Beneficial Ownership of 30% or
          more of the then Voting Securities) has Beneficial Ownership of 30% or
          more of the then combined voting power of the Surviving Company's then
          outstanding voting securities. Notwithstanding this paragraph (3), a
          Change of Control shall not be deemed to occur solely because any
          Person acquired Beneficial Ownership of more than 30% of Voting
          Securities as a result of the issuance of Voting Securities by the
          Company in exchange for assets (including equity interests) or funds
          with a fair value equal to the fair value of the Voting Securities so
          issued.

     (d)  Approval by the Company's stockholders of an agreement for the
assignment, sale, conveyance, transfer, lease or other disposition of all or
substantially all of the assets of the Company to any Person (other than a
subsidiary of the Company or other entity, the Persons with Beneficial Ownership
of which are the same Persons with Beneficial Ownership of the Company and such
Beneficial Ownership is in substantially the same proportions), or the
occurrence of the same.

Notwithstanding the foregoing, a Change of Control shall not be deemed to occur
solely because any Person acquired Beneficial Ownership of more than the
permitted amount of Voting Securities as a result of the acquisition of Voting
Securities by the Company which, by reducing the number of Voting Securities
outstanding, increases the proportional number of shares Beneficially Owned by
such Person; provided that if a Change of Control would occur (but for

                                       -2-
<Page>

the operation of this sentence) as a result of the acquisition of Voting
Securities by the Company, and after such acquisition of Voting Securities by
the Company, such Person becomes the Beneficial Owner of any additional Voting
Securities which increases the percentage of the Voting Securities Beneficially
Owned by such Person, then a Change of Control shall occur.

                                       -3-
<Page>

                                    EXHIBIT A
                             TO EMPLOYMENT AGREEMENT
                                R. THOMAS HELTON

     The following are benefit plans, programs and policies in which Helton is
entitled to participate in addition to any benefits specified in the Employment
Agreement as of the date thereof:

          United Stationers Inc. Pension Plan

          United Stationers Inc. 401(k) Savings Plan

          United Stationers Supply Co. Deferred Compensation Plan

          Restoration Plan

          United Stationers Inc. Flexible Spending Plan

          United Stationers Inc. Management Equity Plan

          United Stationers Management Incentive Plan

          United Group Medical and Dental Benefit Plans

          Officer Medical Expense Reimbursement Policy

          Retiree Health Plan

          Annual physical exam at Company expense

          Leased auto or equivalent cash compensation in accordance with

          Policy Group Term Life Insurance - 2 1/2 times base salary

          Travel and Accident Insurance - $300,000

          Split Dollar Life Insurance

          Disability Insurance in accordance with insurance policy

          Club and Association Dues - in accordance with Company Policy

          Financial and Tax Consulting - and tax return preparation, in
               accordance with Company Policy

          Officer Indemnification and Insurance - D&O insurance is provided on a
               claims-made basis; and Restated Certificate of Incorporation, and
               Delaware and Illinois law provide indemnification of officers and
               directors

          Other - Vacations in accordance with Company Policy; other benefits
               that may from time to time be made available to employees
               generally

                                        1<Page>

EXHIBIT 10.32

[UNITED STATIONERS LOGO]
--------------------------------------------------------
EXECUTIVE OFFICES
2200 E. GOLF ROAD
DES Plaines, IL 60016-1267
708/699-5000

                                                      February 13, 1995

Mr. Ergin Uskup
1910 S. Ridge Road
Lake Forest, Illinois 60045

Dear Ergin:

This letter supplements and, where inconsistent, supercedes the prior
correspondence dated January 7, 1994, February 10, 1994 and October 19, 1994
between you and Bob Cornell.

     It is contemplated that United Stationers Inc. may enter into a transaction
with Associated Holdings, Inc. which would result in a Change in Control of the
Company. It is in the best interests of the Company and its stockholders that
you continue to concentrate on the conduct of the business of the Company, and
be encouraged to maintain your employment relationship with United Stationers
Supply Co. after the Change in Control. (United Stationers Inc. and United
Stationers Supply Co. are referred to in this letter collectively as the
"Company")

     The Company desires to amend the prior correspondence to provide
appropriate incentives for you to continue to perform your duties and
responsibilities, thereby promoting the stability of the business of the Company
both before and after the Change in Control.

     Therefore, the Company agrees, upon your acceptance of the terms and
conditions in this letter, that in the event of a Change in Control on or before
December 31, 1995, the prior correspondence referred to above shall be
supplemented and/or changed as follows:

1. EFFECTIVE DATE. This letter agreement shall become effective on the date the
Change in Control occurs.

2. FIRST YEAR SEVERANCE PAYMENT. If, prior to the first anniversary of the
Change in Control, your employment is terminated by you for good reason (as
defined in paragraph 6 below) or by the Company for any reason other than for
cause (as defined in paragraph 7 below), you will be entitled to receive and the
Company shall pay you a Severance Payment in the amount of THREE HUNDRED FIFTY
THOUSAND DOLLARS ($350,000.00). This First Year Severance Payment shall be
payable in an initial installment of $151,820.77, and 23 equal monthly
installments each in an amount of $8,616.49.

<Page>

3. STAY BONUS. Provided you are still employed on the first anniversary of the
date of the Change in Control, you will be entitled to receive the sum of ONE
HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($175,000.00) payable in an initial
installment of $80,218.64 and 11 equal monthly installments each in the amount
of $8,616.49, commencing within one month after the date you become entitled
thereto..

4. CONTINUING SEVERANCE BENEFIT. If your employment is terminated by you for
good reason (as defined in paragraph 6 below), or by the Company other than for
cause (as defined in paragraph 7 below), at any time after the first anniversary
of the Change in Control, you will be entitled to receive and the Company shall
pay to you a severance benefit in the amount of ONE HUNDRED SEVENTY-FIVE
THOUSAND DOLLARS ($175,000.00), payable in 12 equal monthly installments of
$14,583.34 each commencing within one month after the date you become entitled
thereto.

5. TIMING OF AND CONDITIONS FOR PAYMENTS. Payments payable hereunder for First
Year Severance Payments or Continuing Severance Payments will commence no later
than the first day of the month following: (a) the date on which your employment
with the Company terminates and (b) the expiration of the seven-day rescission
period following the execution and delivery of the Release and Agreement
attached hereto as Exhibit A. Payments payable hereunder for the Stay Bonus will
commence no later than the first day of the month following the execution and
delivery of the Release and Agreement attached hereto as Exhibit A. The
execution and delivery of the Release are conditions precedent to your
entitlement to any such payments.

6. TERMINATION FOR GOOD REASON. "Good reason", for which you may terminate your
employment immediately upon written notice to the Company, shall mean:

      (a)   the reduction of your salary;

      (b)   any material change in your duties which has the effect of
            materially reducing your status within the Company;

      (c)   during the first year after the Change in Control, your exclusion
            from, or the diminution of your participation in, any profit
            sharing, pension, incentive compensation, supplemental benefit or
            other deferred compensation plans to which you were entitled
            immediately preceding the date on which the Change in Control
            occurred;

      (d)   during the first year after the Change in Control, any material
            diminution in the fringe benefits as enjoyed by you immediately
            preceding the date on which the Change in Control occurred;

      (e)   any relocation of the Company's headquarters outside of the Chicago
            metropolitan area; or

                                        2

<Page>

      (f)   the breach by the Company of any of its covenants or obligations
            under this agreement.

     If your employment is terminated by you for good reason prior to the first
anniversary of the Change in Control, you shall be entitled to the First Year
Severance Payment. If your employment is terminated by you for good reason on or
after the first anniversary of the Change in Control, you shall be entitled to
the Continuing Severance Benefit.

7. TERMINATION FOR CAUSE. The Company may terminate your employment immediately
upon written notice to you of any breach of any fiduciary duty owed by you to
the Company, including, without limitation, engaging in directly competitive
acts while employed by the Company.

     If your employment is terminated by the Company for cause, you shall not be
entitled to the First Year Severance Payment, the Stay Bonus or the Continuing
Severance Payment.

8. CHANGE IN CONTROL. For purposes of this Agreement, "Change in Control" means
a change in control resulting from an acquisition of USI, whether by
amalgamation, consolidation, merger or acquisition of stock, pursuant to which
any person or firm, or its or their affiliates (as defined in Rule 12b-2 under
the Securities Exchange Act of 1934) becomes the owner of more than fifty
percent (50%) of the outstanding stock of USI either in value or voting power.

9. MEDICAL BENEFITS. The Company makes the following covenants to you with
respect to your medical benefits:

     (a) In the event the United Stationers Medical Plan ("Plan") remains in
effect and your employment with the Company terminates for any reason, you (and
your covered dependents at the time of such termination of employment) shall be
entitled to continue to participate in the Plan until you attain age sixty-five
(65), and your spouse shall be entitled to continue to participate, in her own
right, in the Plan until she attains age sixty-five (65), under the same terms
and conditions applicable to persons who are provided coverage as active
employees under the Plan; provided, however, that a minimum $1,000,000
Comprehensive Medical Lifetime Maximum Payment shall remain applicable to you
(and your covered dependents at the time of your termination of employment).

     (b) In the event of the termination of the Plan or any cessation of
coverage under the Plan not occurring in accordance with the terms of the Plan
as in effect on February 13, 1995 (the date any such event first occurs being
referred to as the "Coverage Cessation Date"), you shall be entitled to and the
Company shall pay to you TWO THOUSAND SEVEN HUNDRED DOLLARS ($2,700.00) per
month for the period commencing on the first day of the month following the
month in which the Coverage Cessation Date occurs and ending on the first to
occur of:

          (i)    the later of the date you or your spouse attains age sixty-five
                 (65);

                                        3
<Page>

          (ii)   in the event of your death, the date your spouse attains age
                 sixty-five (65);

          (iii)  the end of the eighteen (18) month period commencing on the
                 Coverage Cessation Date; or

          (iv)   the third anniversary of the date on which the Change in
                 Control occurs.

     (c) After the Coverage Cessation Date, the Company shall pay claims or
reimburse expenses for those medical expenses which are considered deductible
under section 213 of the Internal Revenue Code of 1986, as amended, or any
successor provision, (without regard to any applicable threshold for
deductibility) to you, subject to the following terms and conditions:

          (i)    you (or any of your covered dependents as of the Coverage
                 Cessation Date) are not covered by a medical plan maintained by
                 your then current employer or a medical plan maintained by the
                 employer of your spouse, or has exceeded the lifetime maximum
                 benefit provided in such plan;

          (ii)   payment of medical expenses or reimbursement for such claims
                 under this subsection (c) shall not in the aggregate exceed the
                 lesser of the following amounts:

                 (1)   a maximum of $300,000 for you and all your dependents (on
                       an aggregate basis) as of the Coverage Cessation Date; or

                 (2)   the amount by which $700,000 exceeds the aggregate amount
                       of all medical claims under this subsection (c) for the
                       group of Employees referred to as "Contract Officers"
                       under the Plan (including all covered dependents of such
                       Contract Officers as of the date of the Coverage
                       Cessation Date) prior to the date of the requested
                       payment by the Contract Officer; and

          (iii)  Reimbursement for such claims under this subsection shall be
                 made for the period commencing on the Coverage Cessation Date
                 and ending on the first to occur of:

                 (1)   the later of the date you or your spouse attains age 65;

                 (2)   in the event of your death, the date your spouse attains
                       age 65;

                 (3)   the end of the 18 month period commencing on the Coverage
                       Cessation Date; or

                 (4)   the third anniversary of the date on which the Change in
                       Control occurs.

                                        4

<Page>

     The coverage provided under this paragraph 9(c) shall be separate and in
addition to the coverage provided under paragraph 9(b) above.

10. BENEFITS TRUST. To secure the payment to you of the First Year Severance
Payment and the Stay Bonus provided in paragraphs 2 and 3 above, and the Medical
Benefits provided in paragraph 9 above, the Company will establish a trust to be
known as the USI Employee Benefits Trust (the "Trust") and provide for you to be
a beneficiary thereof. The Company will cause to be furnished to the trustee of
the Trust an irrevocable letter of credit, and the trust agreement will require
the trustee to draw on the letter of credit to pay the First Year Severance
Payment or the Stay Bonus, and the Medical Benefits at such time as you may
become entitled thereto. To receive distributions from the Trust, you shall
furnish the Trustee with any notices described in the trust agreement.

11. DISPUTE RESOLUTION. If the Company disputes your claim that good reason
exists for the termination of your employment pursuant to paragraph 6, or if you
dispute the Company's claim that cause exists for your termination pursuant to
paragraph 7, and the dispute cannot be resolved between the parties within 30
days, (a) the Trustee shall be notified and the parties shall follow the
procedures specified in the Trust Agreement, and (b) the dispute will be
submitted for arbitration in accordance with paragraph 12(a) below.

12. MISCELLANEOUS.

     (a) ARBITRATION. Any controversy or claim arising out of or relating to
this Agreement, or the breach thereof, will be submitted for arbitration in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association, and judgment upon the award rendered by the Arbitrator(s) may be
entered in any court having jurisdiction thereof.

     (b) NOTICES. All notices hereunder shall be given in writing and sent to
the party for whom intended by hand delivery or United States mail, postage
prepaid, addressed to the party for whom intended as follows:

                  If to the Company:

                           United Stationers Inc.
                           2200 East Golf Road
                           Des Plaines, Illinois 60016
                           Attention:   President

                  If to you, at:

                           1910 S.  Ridge Road
                           Lake Forest, Illinois 60045

or to such other persons or such other addresses as may be designated by written
notice served as provided herein.

                                        5

<Page>

     (c) ASSIGNMENT. All rights and benefits in this letter agreement are
personal to you and neither this agreement nor any of your rights or interests
herein may be voluntarily or involuntarily sold, transferred or assigned by you.
Any attempt by you to assign, transfer, pledge or otherwise dispose of any
benefits or rights or interests contrary to the foregoing provisions, or the
levy or attachment or similar process thereupon, shall be null and void and of
no effect and shall relieve the Company of all liabilities hereunder. This
agreement shall be binding upon, and inure to the benefit of the parties and
their respective heirs, personal representatives, successors and permitted
assigns.

     (d) NOT AN EMPLOYMENT CONTRACT. Nothing in this letter shall confer upon
you any right to continue in the employ of the Company or interfere in any way
with the right of the Company at any time to terminate or modify' the terms and
conditions of employment.

     (e) PRIOR CORRESPONDENCE. This letter supplements but does not replace the
prior correspondence referred to above between you and Bob Cornell relating to
your hiring and employment. Without limitation, the provisions of the
Confidentiality and Non-Competition Agreement dated January 7, 1994 remain in
full force and effect. To the extent any provisions of this letter may conflict
with any provisions of the prior correspondence, the provisions of this letter
shall control.

     (f) ATTORNEY'S FEES. If you or your estate or designee prevail in any
action to enforce your rights under this letter agreement, you or they shall be
entitled to receive your or their attorney's fees, costs and expenses incurred
in enforcing your rights under this letter agreement.

     If you agree with the terms of this letter, please sign the acknowledgement
copy below and return it to me.

                                   Sincerely,
                                   United Stationers Supply Co.

                                   By:
                                         Vice President, Secretary and
                                         General Counsel

AGREED TO AND SIGNED
this 20TH day of MARCH, 1995.

-----------------------------
Ergin Uskup

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

                                        6

<Page>

                                    EXHIBIT A

Mr. Ergin Uskup.
1910 S. Ridge Road
Lake Forest, Illinois

Dear Ergin:

       This sets forth the amount of and the conditions to your [Severance
Payment] [Stay Bonus] pursuant to our letter agreement dated February 13, 1995,
as a result of [your termination of employment on _______.] [your continued
employment through_____.]

1. After you sign and return this Agreement to me, the Company will pay you an
amount of [$350,000] [$175,000] payable in an initial installment of $
______________ paid within one month following [your severance] [the first
anniversary of the Change in Control], with 23 [11] equal monthly installments
in the amount of $ ___________ each thereafter.

2. In return for the Company's providing the payment described above, you agree
as follows:

       A. RELEASE. You WAIVE and RELEASE the Company, its parent and any related
or affiliated entities and any predecessor entities to such entities, and each
of their officers, directors, employees, shareholders, agents, successors and
assigns (collectively, "Released Parties") from any claim, liability, cause of
action, damage or charge you have or may have against any of them which arises
out of anything occurring before you sign this Agreement, even those which you
do not know about or suspect that you may have. This includes, but is not
limited to, anything related to your employment or your separation from
employment, and extends to all possible claims, under federal, state or local
law, including, without limitation, any claims, if any, under the Age
Discrimination in Employment Act of 1967, Title Vll of the Civil Rights Act of
1964, the Civil Rights Acts of 1966 and of 1991, the Employment Retirement
Income Security Act of 1974, and the Americans with Disabilities Act of 1990.
(Of course, this Waiver and Release does not waive your right to receive the
[severance] payment described in Paragraph 1 above, or your right to receive
reimbursement for ordinary business expenses previously incurred, or for pending
medical or worker's compensation claims.)

       B. CONFIDENTIALITY AND NON-COMPETITION. You acknowledge that the
provisions of your Confidentiality and Non-Compete Agreement dated January 7,
1994 shall remain in full force and effect and survive the termination of your
employment.

3. Should you violate any of the provisions of Paragraph 2, in addition to its
other remedies, the Company will be released from any obligation to make the
[severance] [Stay Bonus] payments under Paragraph 1, and you shall repay any
such payments previously made to you.

<Page>

Mr. Ergin Uskup
[Date]
Page 2

4. Should it be necessary for either party to sue to enforce rights hereunder,
the defaulting party will pay the prevailing party's expenses, including
attorneys' fees, in such litigation.

5. This Agreement takes the place of any oral or written promises, agreements or
understandings between the Company and you about any of the subjects of this
Agreement. This Agreement cannot be altered or amended except by written
agreements signed by both you and the President of the Company.

6. This Agreement shall be governed by Illinois law. If any provision is held
overbroad, invalid or unenforceable by a court, you agree to reduce the scope of
such provision as the court deems necessary or appropriate to permit its partial
enforcement.

7. You acknowledge that you have had ample opportunity to consider all of the
terms of this Agreement and to receive independent legal counsel; that you have
read and understand the Agreement and its legal effect; that no promise or
inducement was made to cause you to make this Agreement other than the severance
payment provided in Paragraph 1; and that you sign this Agreement of your own
free will based on your own decision. You also acknowledge that you have been
given 45 days to consider the terms of this Agreement before signing it, and you
understand that you may revoke it by providing me with written notice no later
than 7 days after you have signed it.

8. [insert required information for ADEA waiver at time waiver is delivered for
signature.]

Please consider all of the above very carefully, and contact me if you have any
questions or comments. If you agree with the terms of this Agreement, please
sign below and return the Agreement to me.

Sincerely,
United Stationers Supply Co.                    Agreed to and signed
                                                This day of            , 19

By:______________________                       ___________________________

Its                                              Ergin Uskup

<Page>

"UNITED STATIONERS SUPPLY CO." [logo]

[LETTERHEAD]

                                  June 29, 2001

Mr.Ergin Uskup
1910 S. Ridge Road
Lake Forest, Illinois 60045

Dear Ergin:

     This letter amends our letter agreement dated February 13, 1995, as
previously amended by the letter dated December 20, 1996 from Robert H. Cornell
to you ("Agreement").

     You have agreed to resign your position with United Stationers Supply Co.
effective June 30, 2001 and assume the position of President of United
Stationers Technology Services LLC effective July 1, 2001 ("Transition"). As a
result of the Transition, there will be no change to you current title as Senior
Vice President of MIS and Chief Information Officer of United Stationers Inc.

     This transfer to United Stationers Technology Services LLC will not
constitute "good reason" under Paragraph 6 of the Agreement and will not
otherwise entitle you to severance under the Agreement or otherwise. For
purposes of the Agreement, "Company" shall hereafter refer collectively to
United Stationers Inc., United Stationers Supply Co. and United Stationers
Technology Services LLC.

     If you agree to this amendment, please execute the copy of this letter and
return it to me. We are very excited about your leading United Technology
Services LLC.

                                   Sincerely,

                                   /s/ Susan Maloney Meyer
                                   Susan Maloney Meyer
                                   Senior Vice President
                                   General Counsel

Agreed and Accepted:

/s/ Ergin Uskup
Ergin Uskup
Date Signed:

<Page>

"UNITED STATIONERS SUPPLY CO." [logo]

[LETTERHEAD]                              A SUBSIDIARY OF UNITED STATIONERS INC.

February 7, 1996

                             PERSONAL & CONFIDENTIAL

Ergin Uskup
Corporate Office

Dear Ergin,

Tom Sturgess has agreed to provide you with an additional level of protection
regarding your retirement benefits, should a change of control occur in the
Company after the date of this letter.

Three events must take place before the provisions of this letter apply:

1)   A change of control as defined in paragraph 8 of the letter from Otis
     Halleen, dated February 13, 1995 must have occurred and;

2)   Tom Sturgess must leave the employ of the Company at or after such change
     of control and;

3)   Absent cause, you must be (involuntarily) terminated from the Company
     subsequent to events 1 and 2 above.

If the above events occur, the Company will, with regard to your retirement
benefit entitlement, give you credit in the retirement calculation for the loss
of Company service you will suffer as a result of your involuntary termination
from the date you are released to the date you would attain age 65 years. Your
eligible compensation for the years of service loss will be at your actual
compensation level at the time of your release, subject to the definition of
compensation under the Plan, not to exceed the allowable compensation permitted
under IRS regulations. This stipulation is necessary to establish the maximum
amount that may properly be provided from the Plan. It does not diminish the
Company's obligation to you regarding the $60,470 target as referenced in this
correspondence.

Finally, should the above scenarios occur, you will be entitled to a normal
retirement benefit at age 65 years from all sources of no less than $60,470,
such amount being the sum of entitlements due you from your deferred vested
Baxler pension; previous payments made to you from United Stationers during 1995
and final calculations to be made at the time of the above events. Should you
elect to take the payments earlier than age 65, the normal reductions of the
Company's retirement plan will apply. As necessary, you should refer to my prior
correspondence with you relating to your retirement arrangements with the
Company, i.e. correspondence dated 12/20/94 and 5/25/95.

Sincerely,

/s/ Robert H. Cornell
Robert H. Cornell
Vice President, Human Resources

RHC/pr

CC:      T. Sturgess
         O. Halleen
         M. Giblin

<Page>

"UNITED STATIONERS SUPPLY CO." [logo]

[LETTERHEAD]                              A SUBSIDIARY OF UNITED STATIONERS INC.

          December 20, 1996

          Ergin Uskup
          1910 S. Ridge Road
          Lake Forest, IL 60045

          Dear Ergin,

          This amends our letter agreement dated February 13, 1995. Paragraph 4
          of that letter provides for a "Continuing Severance Benefit".

          Paragraph 4 is amended to read as follows:

                  "4.  CONTINUING SEVERANCE BENEFIT. If you employment is
                       terminated by you for good reason (as defined in
                       Paragraph 6 below), or by the Company other than for
                       cause (as defined in Paragraph 7 below), at any time
                       after the first anniversary of the Change in Control, you
                       will be entitled to receive and the Company shall pay to
                       you a severance benefit in the amount of one year's base
                       pay as in effect at the time of such termination, payable
                       in 12 equal monthly installments commencing within one
                       month after the date you become entitled thereto."

          If acceptable, please acknowledge the copy of this letter and return
          it to me.

          Sincerely,

          /s/ Robert H. Cornell
          Robert H. Cornell
          Vice President, Human Resources

          RHC/pr

          cc:  F. Hegi

          ----------------------------------------------------------------------
                               ACKNOWLEDGEMENT OF ACCEPTANCE
          ----------------------------------------------------------------------
          --------------------------------------------- ------------------------

                SIGNED: /s/ Ergin Uskup     DATE: 12/27/96
                           ERGIN USKUP
          --------------------------------------------- ------------------------

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