Document:

EXHIBIT 10.22

                               THE TIMBER COMPANY

                        2000 EMPLOYEE STOCK PURCHASE PLAN

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                               THE TIMBER COMPANY
                        2000 EMPLOYEE STOCK PURCHASE PLAN

                                TABLE OF CONTENTS
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Section                                                                                     Page
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ss. 1.  Purpose............................................................................... 1
ss. 2.  Definitions........................................................................... 1
        2.1.  Account......................................................................... 1
        2.2.  Authorization................................................................... 1
        2.3.  Board........................................................................... 1
        2.4.  Code............................................................................ 1
        2.5.  Company......................................................................... 1
        2.6.  Eligible Employee............................................................... 1
        2.7.  Exercise Date................................................................... 2
        2.8.  Fair Market Value............................................................... 2
        2.9.  Georgia-Pacific................................................................. 2
        2.10.  Offering Period................................................................ 2
        2.11.  Option Price................................................................... 2
        2.13.  Plan........................................................................... 2
        2.14.  Plan Administrator............................................................. 2
        2.15.  Purchase Period................................................................ 3
        2.16.  Stock.......................................................................... 3
ss. 3.  Offerings............................................................................. 3
ss. 4.  Participation......................................................................... 3
ss. 5.  Granting of Options................................................................... 4
        (a)    General Rule................................................................... 4
        (b)    Statutory Limitation........................................................... 4
        (C)    Available Shares of Stock...................................................... 4
ss. 6.  Payroll Deductions.................................................................... 4
        (a)    Initial Authorization.......................................................... 4
        (b)    Subsequent Authorization....................................................... 5
        (c)    Account Credits, General Assets and Taxes...................................... 5
        (d)    No Cash Payments............................................................... 5
ss. 7.  Exercise of Option.................................................................... 5
        (a)    General Rule................................................................... 5
        (b)    Automatic Refund............................................................... 6
ss. 8.  Delivery.............................................................................. 6
ss. 9.  Voluntary Account Withdrawal.......................................................... 6
ss. 10. Termination of Employment............................................................. 6
ss. 11. Retirement or Disability.............................................................. 6

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Section                                                                                       Page
<S>                                                                                            <C>
ss. 12. Death.................................................................................. 7
ss. 13. Temporary Layoff and Authorized Leave of Absence....................................... 8
ss. 14. Hardship Withdrawals From 401(k) Plans................................................. 8
ss. 15. Administration......................................................................... 9
ss. 16. Transferability........................................................................ 9
ss. 17. Adjustment............................................................................. 9
ss. 18. Securities Registration................................................................ 9
ss. 19. Amendment or Termination...............................................................10
ss. 20. Notices................................................................................10
ss. 21. Employment.............................................................................10
ss. 22. Headings, References and Construction..................................................11
ss. 23. Shareholder Approval...................................................................11

</TABLE>

                                       ii

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                               THE TIMBER COMPANY
                        2000 EMPLOYEE STOCK PURCHASE PLAN

ss. 1.   Purpose

         The primary purpose of this Plan is to encourage Stock ownership by
each Eligible Employee of the Company by permitting the purchase of Stock on a
discounted basis. The Company intends that this Plan constitute an "employee
stock purchase plan" within the meaning of ss. 423 of the Code and, further,
intends that any ambiguity in this Plan or any related offering be resolved to
effect such intent.

ss. 2.   Definitions

         2.1. Account shall mean the separate bookkeeping account which shall be
established and maintained by the Plan Administrator for each Participant for
each Purchase Period to record the payroll deductions made on his or her behalf
to purchase Stock under this Plan.

         2.2. Authorization shall mean the participation election and payroll
deduction authorization form which an Eligible Employee shall be required to
properly complete in writing (or in any other form acceptable to the Plan
Administrator) and timely file with the Plan Administrator before the end of an
Offering Period in order to participate in this Plan for the related Purchase
Period and which shall require an Eligible Employee to provide such information
and to take such action as the Plan Administrator in his or her discretion deems
necessary or helpful to the orderly administration of this Plan.

         2.3. Board shall mean the Board of Directors of Georgia-Pacific.

         2.4. Code shall mean the Internal Revenue Code of 1986, as amended.

         2.5. Company shall mean North American Timber Corp., a wholly owned
subsidiary of Georgia-Pacific and a corporation incorporated under the laws of
the State of Delaware, and any successor thereto.

         2.6. Eligible Employee shall mean each employee of the Company except:

                  (a) an employee who customarily is employed (within the
         meaning of Codess. 423(b)(4)(B)) 20 hours or less per week by the
         Company,

                  (b) an employee who customarily is employed (within the
         meaning of Codess. 423(b)(4)(C)) for not more than 5 months in any
         calendar year by the Company, and

                                        1
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                  (c) an employee who would own (immediately after the grant of
         an option under this Plan) stock possessing 5% or more of the total
         combined voting power or value of all classes of stock of the Company
         based on the rules set forth in ss. 423(b)(3) and ss. 424 of the Code.

         2.7. Exercise Date shall mean for each Purchase Period the last day of
such Purchase Period.

         2.8. Fair Market Value shall mean, as of any date, the mean between the
high and low sales prices of a share of Stock on that date as reported in the
record of Composite Transactions for New York Stock Exchange listed securities
and printed in The Wall Street Journal or in any successor to The Wall Street
Journal or, if there is no such successor, any similar publication selected by
the Plan Administrator. If the date of determination is not a trading date on
the New York Stock Exchange, Fair Market Value shall be determined using the
high and low sales prices of a share of Stock on the next preceding trading
date. The Fair Market Value shall be rounded to the nearest whole cent (with 0.5
cent being rounded to the next higher whole cent).

         2.9. Georgia-Pacific shall mean Georgia-Pacific Corporation, a
corporation incorporated under the laws of the State of Georgia, and any
successor to Georgia-Pacific.

         2.10. Offering Period shall mean, with respect to the initial Offering
Period, the period beginning on May 8, 2000 and ending on June 5, 2000 and, with
respect to each subsequent Offering Period, the period beginning on the date
determined by the Plan Administrator which precedes the related Purchase Period
and which shall continue for no more than 31 days.

         2.11. Option Price shall mean for each Purchase Period the lesser of
(i) 90% of the Fair Market Value for a share of Stock on the first day of such
Purchase Period, or (ii) 90% of the Fair Market Value for a share of Stock on
the last day of such Purchase Period.

         2.12. Participant shall mean for each Purchase Period an Eligible
Employee who has satisfied the requirements set forth in ss. 4 of this Plan for
such Purchase Period.

         2.13. Plan shall mean The Timber Company 2000 Employee Stock Purchase
Plan, as amended from time to time.

         2.14. Plan Administrator shall mean the Senior Vice President - Human
Resources of Georgia-Pacific or his or her delegate.

                                      -2-
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         2.15. Purchase Period shall mean, with respect to the initial Purchase
Period, the 12 month period beginning on July 1, 2000 and, with respect to each
subsequent Purchase Period, the 12 month period beginning on the date determined
by the Plan Administrator, which date shall be the first day of the second
calendar month which immediately follows the end of the related Offering Period.

         2.16. Stock shall mean Georgia-Pacific Corporation - Timber Group
Common Stock.

ss. 3.   Offerings

         Options to purchase shares of Stock shall be offered to Participants in
accordance with this Plan during three Offering Periods; provided, however,
there shall be no more than one Offering Period in effect at any time and no
more than one Purchase Period in effect at any time. There shall be a total of
1,500,000 shares of Stock available under this Plan, 500,000 of which shall be
available with respect to the initial Offering Period and no less than 500,000
of which shall be available with respect to each of the remaining two Offering
Periods. Such shares of Stock shall be available for purchase from
Georgia-Pacific upon the exercise of such options, and any shares of Stock which
are subject to options granted as of the first day of a Purchase Period but
which are not purchased on the related Exercise Date shall again become
available under this Plan.

ss. 4.   Participation

         Each person who is an Eligible Employee on the first day of an Offering
Period shall satisfy the requirements to be a Participant in this Plan for the
related Purchase Period if

                  (a) he or she properly completes and files an Authorization
         with the Plan Administrator on or before the last day of such Offering
         Period to purchase shares of Stock, and

                  (b) his or her employment as an Eligible Employee continues
         throughout the period which begins on the first day of such Offering
         Period and ends on the first day of the related Purchase Period.

A Participant's status as such shall terminate for a Purchase Period (for which
he or she has an effective Authorization) at such time as his or her Account has
been withdrawn under ss. 9, ss. 10, ss. 11, ss. 12 or ss. 13 or the purchases
and distributions contemplated under ss. 7 with respect to his or her Account
have been completed, whichever comes first.

                                      -3-
<PAGE>

ss. 5.   Granting of Options

                  (a) General Rule. Subject to subsections (b) and (c) below,
         each person who is a Participant for a Purchase Period automatically
         shall be granted an option on the first day of such Purchase Period to
         purchase at the Option Price a maximum number of whole shares of Stock
         determined by dividing $25,000 by the Fair Market Value of a share of
         Stock on the first day of such Purchase Period.

                  (b) Statutory Limitation. No option granted under this Plan to
         any Eligible Employee shall permit his or her rights to purchase shares
         of Stock under this Plan or under any other employee stock purchase
         plan (within the meaning of ss. 423 of the Code) or any other shares of
         Stock under any other employee stock purchase plans (within the meaning
         of ss. 423 of the Code) of Georgia-Pacific and any of its subsidiaries
         (within the meaning of ss. 424(f) of the Code) to accrue (within the
         meaning of ss. 423(b)(8) of the Code) at a rate which exceeds $25,000
         of the Fair Market Value of such Stock for any calendar year. Such Fair
         Market Value shall be determined as of the first day of the Purchase
         Period for which the option is granted.

                  (c) Available Shares of Stock. If the number of shares of
         Stock available for purchase for any Purchase Period is insufficient to
         cover the number of shares which Participants have elected to purchase
         through effective Authorizations, then each Participant's option to
         purchase shares of Stock for such Purchase Period shall be reduced to
         the number of shares of Stock which the Plan Administrator shall
         determine by multiplying the number of shares of Stock for which such
         Participant would have been granted an option if sufficient shares were
         available by a fraction, the numerator of which shall be the number of
         shares of Stock available for options for such Purchase Period and the
         denominator of which shall be the total number of shares of Stock for
         which options would have been granted to all Participants if sufficient
         shares were available.

ss. 6.   Payroll Deductions

                  (a) Initial Authorization. Each Participant's Authorization
         shall specify the specific dollar amount which he or she authorizes the
         Company to deduct from his or her compensation each pay period
         (determined in accordance with the Company's standard payroll policies
         and practices) during the Purchase Period for which such Authorization
         is in effect, provided

                      (1) the minimum amount deducted from a Participant's
                  compensation during each pay period in a Purchase Period shall
                  not be less than

                                      -4-
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                  $600 divided by the number of pay periods in the Purchase
                  Period; and

                      (2) the maximum amount deducted from a Participant's
                  compensation during each pay period shall not be more than the
                  lesser of (i) $22,500 (90% of the $25,000 maximum) divided by
                  the number of pay periods in the Purchase Period, (ii) such
                  lower amount which is set by the Plan Administrator before the
                  beginning of a Purchase Period, or (iii) such Participant's
                  net pay after all other withholdings.

                  (b) Subsequent Authorization. A Participant shall have the
         right to make one amendment to an Authorization after the end of an
         Offering Period to stop the payroll deductions which he or she
         previously had authorized for the related Purchase Period, and such
         amendment shall be effective with the next possible payroll period
         (determined in accordance with the Company's payroll practices and
         policies regarding cut-off dates for payroll changes) after the Plan
         Administrator actually receives such amended Authorization.

                  (c) Account Credits, General Assets and Taxes. All payroll
         deductions made for a Participant shall be credited to his or her
         Account as of the pay day as of which the deduction is made. All
         payroll deductions shall be held by the Company, by the Company's agent
         (as determined by the Plan Administrator ) as part of the general
         assets of the Company, and each Participant's right to the payroll
         deductions credited to his or her Account shall be those of a general
         and unsecured creditor. The Company or it's agent shall have the right
         to withhold on payroll deductions to the extent such person deems
         necessary or appropriate to satisfy applicable tax laws.

                  (d) No Cash Payments. Except as provided for in ss. 11 and ss.
         12, a Participant (or beneficiary) may not make any contribution to his
         or her Account except through payroll deductions made in accordance
         with this ss. 6.

ss. 7.   Exercise of Option

                  (a) General Rule. Unless a Participant files an amended
         Authorization under ss. 9 on or before the Exercise Date for a Purchase
         Period, his or her option shall be exercised automatically on such
         Exercise Date for the purchase of as many whole shares of Stock subject
         to such option as the balance credited to his or her Account as of that
         date will purchase at the Option Price for such shares of Stock,
         provided that he or she is an Eligible Employee on such Exercise Date.

                                      -5-
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                  (b) Automatic Refund. If a Participant's Account has a
         remaining balance after his or her option has been exercised as of an
         Exercise Date under this ss. 7, such balance automatically shall be
         refunded to the Participant in cash (without interest) as soon as
         practicable following such Exercise Date.

ss. 8.   Delivery

         A stock certificate representing all shares of Stock purchased upon the
exercise of an option under this Plan shall be held for the Participant by a
broker-dealer designated by the Plan Administrator or, at the Participant's
direction and expense, delivered to the Participant (or any person who makes a
claim through a Participant), and shall be registered in his or her name;
provided, however, Georgia-Pacific shall not have any obligation to deliver a
certificate to a Participant which represents a fractional share of Stock. No
Participant (or any person who makes a claim through a Participant) shall have
any interest in any shares of Stock subject to an option until such option has
been exercised and the related shares of Stock actually have been delivered to
such person or have been transferred to an account for such person at a
broker-dealer designated by the Plan Administrator. The Plan Administrator shall
have the discretion to satisfy Georgia-Pacific's obligations hereunder with
newly issued shares or shares previously issued and outstanding that have been
repurchased by Georgia-Pacific.

ss. 9.   Voluntary Account Withdrawal

         A Participant may elect to withdraw the entire balance credited to his
or her Account for a Purchase Period by completing and filing an amended
Authorization with the Plan Administrator before the Exercise Date for such
period. If a Participant makes such a withdrawal election, no further payroll
deductions shall be made on his or her behalf and such balance shall be paid to
him or her in cash (without interest) at the next possible payroll period
(determined in accordance with the Company's payroll practices and policies
regarding cut-off dates for payroll changes).

ss. 10.  Termination of Employment

         If a Participant's employment as an Eligible Employee terminates on or
before the Exercise Date for a Purchase Period for any reason whatsoever, his or
her Account shall (subject to ss. 11 and ss. 12) be distributed as if he or she
had elected to withdraw his or her Account in cash under ss. 9 immediately
before the date his or her employment had so terminated.

ss. 11.  Retirement or Disability

         If a Participant retires or becomes disabled within three months before
the Exercise Date for a Purchase Period, he or she may elect prior to such
Exercise Date

                                      -6-
<PAGE>

to (i) make a cash lump sum payment to his or her Account in an amount equal to
the unpaid balance under his or her Authorization as then in effect for such
Purchase Period, (ii) purchase at the end of the Purchase Period the number of
whole shares of Stock as the balance credited to the Participant's Account as of
that date will purchase at the Option Price for such shares of Stock, or (iii)
withdraw the entire balance credited to his or her Account for such Purchase
Period in accordance with ss. 9. In the event a Participant elects to make a
cash lump sum payment to his or her Account, his or her option shall be
exercised automatically on the Exercise Date for such Purchase Period for the
purchase of as many whole shares of Stock as the balance credited to his or her
Account as of that date will purchase at the Option Price for such shares of
Stock as if he or she is an Eligible Employee on such Exercise Date. In the
event a Participant fails to make a timely election under this ss. 11, his or
her Account shall be distributed as if he or she had elected to withdraw the
entire balance credited to his or her Account in cash under ss. 9 immediately
before the date he or she retired.

         For purposes of this ss. 11, "retire" or "retirement" shall mean a
Participant's voluntary or involuntary termination with the Company and all of
its affiliates (within the meaning of Code ss. 1563(a), except that for such
affiliate determination, the phrase "at least 50%" shall be substituted for "at
least 80%" in Code ss. ss. 1563(a)(1) and (a)(2)(A)) at a time when he or she
has attained at least age 65 or attained at least age 55 and accrued 5 years of
service for vesting purposes under Georgia-Pacific's qualified benefit plans
covering him or her, provided that termination for "cause" as determined by the
Company shall not be considered retirement under this Plan.

         For purposes of this ss. 11, a Participant's date of "disability" shall
be the last day of his or her short-term medical leave period under
Georgia-Pacific's policy providing paid medical leave for salaried employees who
are medically unable to work because of injury or illness (or the last day of a
period determined as if the Participant were a salaried employee entitled to
such short-term medical leave), and a Participant shall be deemed "disabled" at
such time only if the Participant would be "totally disabled" pursuant to the
standards set forth in the Georgia-Pacific Corporation Salaried Long-Term
Disability Plan whether or not he or she is covered under that plan.

ss. 12.  Death

         If a Participant's employment terminates due to his or her death before
the Exercise Date for a Purchase Period, his or her beneficiary may elect before
the Exercise Date to (i) make a cash lump sum payment to the Participant's
Account in an amount equal to the unpaid balance under the Participant's
Authorization as then in effect for such Purchase Period, (ii) purchase at the
end of the Purchase Period the number of whole shares of Stock as the balance
credited to the Participant's Account

                                      -7-
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as of that date will purchase at the Option Price for such shares of Stock, or
(iii) withdraw the entire balance credited to the Participant's Account for such
Purchase Period in accordance with ss. 9. In the event a Participant's
beneficiary elects to make a cash lump sum payment to the Participant's Account,
the Participant's option shall be exercised automatically on the Exercise Date
for such Purchase Period for the purchase of as many whole shares of Stock as
the balance credited to his or her Account as of that date will purchase at the
Option Price for such shares of Stock as if the Participant is an Eligible
Employee on such Exercise Date. In the event a beneficiary fails to make a
timely election under this ss. 12, the Participant's Account shall be
distributed as if the Participant had elected to withdraw his or her Account in
cash under ss. 9 immediately before the date he or she died.

ss. 13.  Temporary Layoff and Authorized Leave of Absence

         Any amounts being deducted from a Participant's compensation under his
or her Authorization for a Purchase Period shall be suspended during a period of
temporary layoff or authorized leave of absence without pay. If the Participant
returns to active service prior to the last payroll period in the Purchase
Period, his or her payroll deductions shall be commenced or resumed. The
Participant's option shall be exercised automatically on the Exercise Date for
such Purchase Period for the purchase of as many whole shares of Stock as the
balance credited to his or her Account as of that date will purchase at the
Option Price for such shares of Stock provided he or she is an Eligible Employee
on such Exercise Date.

         For purposes of this Plan, a Participant on a temporary layoff or
authorized leave of absence shall be deemed to be terminated from his or her
employment with the Company if such layoff or leave exceeds a period of 90
consecutive days (unless the Participant's right to reemployment is guaranteed
either by statute or by contract). At the end of such 90 day period, such
Participant shall have his or her Account distributed as if he or she had
elected to withdraw his or her Account in cash under ss. 9 immediately before
the date his or her employment had so terminated.

ss. 14.  Hardship Withdrawals From 401(k) Plans

         If a Participant receives a hardship withdrawal pursuant to the
provisions of a qualified retirement plan subject to Code ss. 401(k), any
amounts being deducted from such Participant's compensation under his or her
Authorization shall be suspended for a period of twelve consecutive months
following such withdrawal. If such suspension is in effect on the last day of an
Offering Period, any Authorization filed by an Eligible Employee during such
Offering Period shall be null and void and of no effect.

                                      -8-
<PAGE>

ss. 15.  Administration

         The Plan Administrator shall be responsible for the administration of
this Plan and shall have the power to interpret this Plan and to take such other
action as the Plan Administrator deems necessary or equitable under the
circumstances. The Plan Administrator also shall have the power to delegate the
duty to perform such administrative functions as the Plan Administrator deems
appropriate under the circumstances. Any person to whom the duty to perform an
administrative function is delegated shall act on behalf of the Plan
Administrator for such function. Any action or inaction by or on behalf of the
Plan Administrator under this Plan shall be final and binding on each Eligible
Employee, each Participant and on each other person who makes a claim under this
Plan based on the rights, if any, of any such Eligible Employee or Participant
under this Plan.

ss. 16.  Transferability

         Neither the balance credited to a Participant's Account nor any rights
to the exercise of an option or to receive shares of Stock under this Plan may
be assigned, encumbered, alienated, transferred, pledged, or otherwise disposed
of in any way by a Participant during his or her lifetime or by any other person
during his or her lifetime, and any attempt to do so shall be without effect;
provided, however, that the Plan Administrator in its absolute discretion may
treat any such action as an election by a Participant to withdraw the balance
credited to his or her Account in accordance with ss. 9.

ss. 17.  Adjustment

         The number of shares of Stock covered by outstanding options granted
pursuant to this Plan and the related Option Price and the number of shares of
Stock available under this Plan automatically shall be adjusted by the Plan
Administrator in a manner to fully and fairly reflect any change in the
capitalization of Georgia-Pacific affecting the Stock, including, but not
limited to, such changes as dividends paid in the form of Stock or Stock splits.
Furthermore, the Plan Administrator automatically shall adjust (in a manner
which satisfies the requirements of ss. 424(a) of the Code) the number of shares
of Stock available under this Plan and the number of shares of Stock covered by
options granted under this Plan and the related Option Prices in the event of
any corporate transaction described in ss. 424(a) of the Code. An adjustment
made under this ss. 17 by the Plan Administrator shall be conclusive and binding
on all affected persons.

ss. 18.  Securities Registration

         If Georgia-Pacific shall deem it necessary to register under the
Securities Act of 1933, as amended, or any other applicable statutes, any shares
of Stock with respect

                                      -9-
<PAGE>

to which an option shall have been exercised under this Plan or to qualify any
such shares of Stock for an exemption from any such statutes, Georgia-Pacific
shall take such action at its own expense before delivery of any certificate
representing such shares of Stock. If shares of Stock are listed on any national
stock exchange at the time an option to purchase shares of Stock is exercised
under this Plan, Georgia-Pacific whenever required shall register shares of
Stock for which such option is exercised under the Securities Exchange Act of
1934, as amended, and shall make prompt application for the listing on such
national stock exchange of such shares, all at the expense of Georgia-Pacific.

ss. 19.  Amendment or Termination

         This Plan may be amended by the Plan Administrator from time to time to
the extent that the Plan Administrator deems necessary or appropriate in light
of, and consistent with, ss. 423 of the Code and the laws of the State of
Georgia, and any such amendment shall be subject to the approval of
Georgia-Pacific's shareholders to the extent such approval is required under ss.
423 of the Code or the laws of the State of Georgia. The Plan Administrator also
may terminate this Plan or any offering made under this Plan at any time;
provided, however, the Plan Administrator shall not have the right to modify,
cancel, or amend any option outstanding after the beginning of a Purchase Period
unless (1) each Participant consents in writing to such modification, amendment
or cancellation, (2) such modification only accelerates the Exercise Date for
the related Purchase Period, or (3) the Plan Administrator acting in good faith
deems that such action is required under applicable law.

ss. 20.  Notices

         All Authorizations and other communications from a Participant to the
Plan Administrator under, or in connection with, this Plan shall be deemed to
have been filed with the Plan Administrator when actually received in the form
specified by the Plan Administrator at the location, or by the person,
designated by the Plan Administrator for the receipt of such Authorizations and
communications.

ss. 21.  Employment

         No offer under this Plan shall constitute an offer of employment, and
no acceptance of an offer under this Plan shall constitute an employment
agreement. Any such offer or acceptance shall have no bearing whatsoever on the
employment relationship between any Eligible Employee and the Company,
Georgia-Pacific or any subsidiary of Georgia-Pacific. Finally, no Eligible
Employee shall be induced to participate in this Plan by the expectation of
employment or continued employment.

                                      -10-
<PAGE>

ss. 22.  Headings, References and Construction

         The headings to sections in this Plan have been included for
convenience of reference only. Except as otherwise expressly indicated, all
references to sections (ss.) in this Plan shall be to sections (ss.) of this
Plan. This Plan shall be interpreted and construed in accordance with the laws
of the State of Georgia.

ss. 23.  Shareholder Approval

         The Plan is subject to the approval by the holders of the majority of
the outstanding shares of Stock within 12 months before or after the date of
adoption of the Plan by the Board. The Plan shall be null and void and of no
effect if the foregoing condition is not fulfilled.

                                      -11-EXHIBIT 10.23

                           GEORGIA-PACIFIC TISSUE, LLC

                        2000 EMPLOYEE STOCK PURCHASE PLAN
<PAGE>
                             GEORGIA-PACIFIC TISSUE
                        2000 EMPLOYEE STOCK PURCHASE PLAN

                                TABLE OF CONTENTS

Section                                                                   Page
-------                                                                   ----

ss. 1.  Purpose............................................................ 1
ss. 2.  Definitions........................................................ 1
        2.1.     Account................................................... 1
        2.2.     Authorization............................................. 1
        2.3.     Board..................................................... 1
        2.4.     Code...................................................... 1
        2.5.     Eligible Employee......................................... 1
        2.6.     Exercise Date............................................. 2
        2.7.     Fair Market Value......................................... 2
        2.8.     Georgia-Pacific........................................... 2
        2.9.     Offering Period........................................... 2
        2.10.    Option Price.............................................. 2
        2.11.    Participant............................................... 2
        2.12.    Participating Company..................................... 2
        2.13.    Plan...................................................... 2
        2.14.    Plan Administrator........................................ 2
        2.15.    Purchase Period........................................... 3
        2.16.    Stock..................................................... 3
ss. 3.  Offerings.......................................................... 3
ss. 4.  Participation...................................................... 3
ss. 5.  Granting of Options................................................ 4
        (a)      General Rule.............................................. 4
        (b)      Statutory Limitation...................................... 4
        (c)      Available Shares of Stock................................. 4
ss. 6.  Payroll Deductions................................................. 4
        (a)      Initial Authorization..................................... 4
        (b)      Subsequent Authorization.................................. 5
        (c)      Account Credits, General Assets and Taxes................. 5
        (d)      No Cash Payments.......................................... 5
ss. 7.  Exercise of Option................................................. 6
        (a)      General Rule.............................................. 6
        (c)      Automatic Refund.......................................... 6
ss. 8.  Delivery........................................................... 6
ss. 9.  Voluntary Account Withdrawal....................................... 6
ss. 10. Termination of Employment.......................................... 7
ss. 11. Retirement or Disability........................................... 7

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<PAGE>
ss. 12. Death........................................................  8
ss. 13. Temporary Layoff and Authorized Leave of Absence.............  8
ss. 14. Hardship Withdrawals From 401(k) Plans.......................  9
ss. 15. Administration...............................................  9
ss. 16. Transferability..............................................  9
ss. 17. Adjustment...................................................  9
ss. 18. Securities Registration...................................... 10
ss. 19. Amendment or Termination..................................... 10
ss. 20. Notices...................................................... 11
ss. 21. Employment................................................... 11
ss. 22. Headings, References and Construction........................ 11
ss. 23. Shareholder Approval......................................... 11

                                      ii
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                             GEORGIA-PACIFIC TISSUE
                        2000 EMPLOYEE STOCK PURCHASE PLAN

ss. 1. PURPOSE
       -------

       The primary purpose of this Plan is to encourage Stock ownership by each
Eligible Employee of a Participating Company by permitting the purchase of Stock
on a discounted basis. The Plan is not intended to constitute an "employee stock
purchase plan" within the meaning of ss. 423 of the Code.

ss. 2. DEFINITIONS
       -----------

       2.1. Account shall mean the separate bookkeeping account which shall be
established and maintained by the Plan Administrator for each Participant for
each Purchase Period to record the payroll deductions made on his or her behalf
to purchase Stock under this Plan.

       2.2. Authorization shall mean the participation election and payroll
deduction authorization form which an Eligible Employee shall be required to
properly complete in writing (or in any other form acceptable to the Plan
Administrator) and timely file with the Plan Administrator before the end of an
Offering Period in order to participate in this Plan for the related Purchase
Period and which shall require an Eligible Employee to provide such information
and to take such action as the Plan Administrator in his or her discretion deems
necessary or helpful to the orderly administration of this Plan.

       2.3. Board shall mean the Board of Directors of Georgia-Pacific.

       2.4. Code shall mean the Internal Revenue Code of 1986, as amended.

       2.5. Eligible Employee shall mean each employee of a Participating
Company except:

            (a) an employee who customarily is employed (within the meaning of
       Code ss. 423(b)(4)(B)) 20 hours or less per week by the Participating
       Company,

            (b) an employee who customarily is employed (within the meaning of
       Code ss. 423(b)(4)(C)) for not more than 5 months in any calendar year by
       the Participating Company,

            (c) an employee who would own (immediately after the grant of an
       option under this Plan) stock possessing 5% or more of the total combined
       voting power or value of all classes of stock of Georgia-Pacific based on
       the rules set forth in ss. 423(b)(3) and ss. 424 of the Code; and

                                       1
<PAGE>
            (d) an employee who is an officer of a Participating Company.

       2.6. Exercise Date shall mean for each Purchase Period the last day of
such Purchase Period.

       2.7. Fair Market Value shall mean, as of any date, the mean between the
high and low sales prices of a share of Stock on that date as reported in the
record of Composite Transactions for New York Stock Exchange listed securities
and printed in The Wall Street Journal or in any successor to The Wall Street
Journal or, if there is no such successor, any similar publication selected by
the Plan Administrator. If the date of determination is not a trading date on
the New York Stock Exchange, Fair Market Value shall be determined using the
high and low sales prices of a share of Stock on the next preceding trading
date. The Fair Market Value shall be rounded to the nearest whole cent (with 0.5
cent being rounded to the next higher whole cent).

       2.8. Georgia-Pacific shall mean Georgia-Pacific Corporation, a
corporation incorporated under the laws of the State of Georgia, and any
successor to Georgia-Pacific.

       2.9. Offering Period shall mean, with respect to the initial Offering
Period, the period beginning on May 8, 2000 and ending on June 5, 2000 and, with
respect to each subsequent Offering Period, the period beginning on the date
determined by the Plan Administrator which precedes the related Purchase Period
and which shall continue for no more than 31 days.

       2.10. Option Price shall mean for each Purchase Period the lesser of (i)
90% of the Fair Market Value for a share of Stock on the first day of such
Purchase Period, or (ii) 90% of the Fair Market Value for a share of Stock on
the last day of such Purchase Period.

       2.11. Participant shall mean for each Purchase Period an Eligible
Employee who has satisfied the requirements set forth in ss. 4 of this Plan for
such Purchase Period.

       2.12. Participating Company shall for each Participant, as of any date,
mean Georgia-Pacific Tissue, LLC or Wisconsin Tissue Management, LLC, whichever
employs such Participant as of such date.

       2.13. Plan shall mean this Georgia-Pacific Tissue 2000 Employee Stock
Purchase Plan, as amended from time to time.

       2.14. Plan Administrator shall mean the Senior Vice President - Human
Resources of Georgia-Pacific or his or her delegate.

                                      -2-
<PAGE>
       2.15. Purchase Period shall mean, with respect to the initial Purchase
Period, the 12 month period beginning on July 1, 2000 and, with respect to each
subsequent Purchase Period, the 12 month period beginning on the date determined
by the Plan Administrator, which date shall be the first day of the second
calendar month which immediately follows the end of the related Offering Period.

       2.16. Stock shall mean Georgia-Pacific Corporation - Georgia-Pacific
Group Common Stock.

ss. 3. OFFERINGS
       ---------

       Options to purchase shares of Stock shall be offered to Participants in
accordance with this Plan during three Offering Periods; provided, however,
there shall be no more than one Offering Period in effect at any time and no
more than one Purchase Period in effect at any time. There shall be a total of
450,000 shares of Stock available under this Plan, 150,000 of which shall be
available with respect to the initial Offering Period and no less than 150,000
of which shall be available with respect to each of the remaining two Offering
Periods. Such shares of Stock shall be available for purchase from
Georgia-Pacific upon the exercise of such options, and any shares of Stock which
are subject to options granted as of the first day of a Purchase Period but
which are not purchased on the related Exercise Date shall again become
available under this Plan.

ss. 4. PARTICIPATION
       -------------

       Each person who is an Eligible Employee on the first day of an Offering
Period shall satisfy the requirements to be a Participant in this Plan for the
related Purchase Period if

            (a) he or she properly completes and files an Authorization with the
       Plan Administrator on or before the last day of such Offering Period to
       purchase shares of Stock, and

            (b) his or her employment as an Eligible Employee continues
       throughout the period which begins on the first day of such Offering
       Period and ends on the first day of the related Purchase Period (for this
       purpose, employment as an Eligible Employee shall not be treated as
       interrupted by a transfer directly between one Participating Company and
       another Participating Company).

A Participant's status as such shall terminate for a Purchase Period (for which
he or she has an effective Authorization) at such time as his or her Account has
been withdrawn under ss. 9, ss. 10, ss. 11, ss. 12 or ss. 13 or the purchases
and distributions

                                      -3-
<PAGE>
contemplated under ss. 7 with respect to his or her Account have been completed,
whichever comes first.

ss. 5. GRANTING OF OPTIONS
       -------------------

            (a) General Rule. Subject to subsections (b) and (c) below, each
       person who is a Participant for a Purchase Period automatically shall be
       granted an option on the first day of such Purchase Period to purchase at
       the Option Price a maximum number of whole shares of Stock determined by
       dividing $25,000 by the Fair Market Value of a share of Stock on the
       first day of such Purchase Period.

            (b) Statutory Limitation. No option granted under this Plan to any
       Eligible Employee shall permit his or her rights to purchase shares of
       Stock under this Plan or under any other employee stock purchase plan
       (within the meaning of ss. 423 of the Code) or any other shares of Stock
       under any other employee stock purchase plans (within the meaning of ss.
       423 of the Code) of Georgia-Pacific and any of its subsidiaries (within
       the meaning of ss. 424(f) of the Code) to accrue (within the meaning of
       ss. 423(b)(8) of the Code) at a rate which exceeds $25,000 of the Fair
       Market Value of such Stock for any calendar year. Such Fair Market Value
       shall be determined as of the first day of the Purchase Period for which
       the option is granted.

            (c) Available Shares of Stock. If the number of shares of Stock
       available for purchase for any Purchase Period is insufficient to cover
       the number of shares which Participants have elected to purchase through
       effective Authorizations, then each Participant's option to purchase
       shares of Stock for such Purchase Period shall be reduced to the number
       of shares of Stock which the Plan Administrator shall determine by
       multiplying the number of shares of Stock for which such Participant
       would have been granted an option if sufficient shares were available by
       a fraction, the numerator of which shall be the number of shares of Stock
       available for options for such Purchase Period and the denominator of
       which shall be the total number of shares of Stock for which options
       would have been granted to all Participants if sufficient shares were
       available.

ss. 6. PAYROLL DEDUCTIONS
       ------------------

            (a) Initial Authorization. Each Participant's Authorization shall
       specify the specific dollar amount which he or she authorizes the
       Participating Company to deduct from his or her compensation each pay
       period (determined in accordance with the Participating Company's
       standard payroll policies and practices) during the Purchase Period for
       which such Authorization is in effect, provided

                                      -4-
<PAGE>
            (1)   the minimum amount deducted from a Participant's compensation
                  during each pay period in a Purchase Period shall not be less
                  than $600 divided by the number of pay periods in the Purchase
                  Period; and

            (2)   the maximum amount deducted from a Participant's compensation
                  during each pay period shall not be more than the lesser of
                  (i) $22,500 (90% of the $25,000 maximum) divided by the number
                  of pay periods in the Purchase Period, (ii) such lower amount
                  which is set by the Plan Administrator before the beginning of
                  a Purchase Period, or (iii) such Participant's net pay after
                  all other withholdings.

            (b) Subsequent Authorization. A Participant shall have the right to
       make one amendment to an Authorization after the end of an Offering
       Period to stop the payroll deductions which he or she previously had
       authorized for the related Purchase Period, and such amendment shall be
       effective with the next possible payroll period (determined in accordance
       with the Participating Company's payroll practices and policies regarding
       cut-off dates for payroll changes) after the Plan Administrator actually
       receives such amended Authorization.

            (c) Account Credits, General Assets and Taxes. All payroll
       deductions made for a Participant shall be credited to his or her Account
       as of the pay day as of which the deduction is made. All payroll
       deductions shall be held by the Participating Company, by the
       Participating Company's agent (as determined by the Plan Administrator )
       as part of the general assets of the Participating Company, and each
       Participant's right to the payroll deductions credited to his or her
       Account shall be those of a general and unsecured creditor. The
       Participating Company or it's agent shall have the right to withhold on
       payroll deductions to the extent such person deems necessary or
       appropriate to satisfy applicable tax laws.

            (d) No Cash Payments. Except as provided for in ss. 11 and ss. 12, a
       Participant (or beneficiary) may not make any contribution to his or her
       Account except through payroll deductions made in accordance with this
       ss. 6.

                                      -5-
<PAGE>
ss. 7. EXERCISE OF OPTION
       ------------------

            (a) General Rule. Unless a Participant files an amended
       Authorization under ss. 9 on or before the Exercise Date for a Purchase
       Period, his or her option shall be exercised automatically on such
       Exercise Date for the purchase of as many whole shares of Stock subject
       to such option as the balance credited to his or her Account as of that
       date will purchase at the Option Price for such shares of Stock, provided
       that he or she is an Eligible Employee on such Exercise Date.

            (b) Automatic Refund. If a Participant's Account has a remaining
       balance after his or her option has been exercised as of an Exercise Date
       under this ss. 7, such balance automatically shall be refunded to the
       Participant in cash (without interest) as soon as practicable following
       such Exercise Date.

ss. 8. DELIVERY
       --------

       A stock certificate representing all shares of Stock purchased upon the
exercise of an option under this Plan shall be held for the Participant by a
broker-dealer designated by the Plan Administrator or, at the Participant's
direction and expense, delivered to the Participant (or any person who makes a
claim through a Participant), and shall be registered in his or her name;
provided, however, Georgia-Pacific shall not have any obligation to deliver a
certificate to a Participant which represents a fractional share of Stock. No
Participant (or any person who makes a claim through a Participant) shall have
any interest in any shares of Stock subject to an option until such option has
been exercised and the related shares of Stock actually have been delivered to
such person or have been transferred to an account for such person at a
broker-dealer designated by the Plan Administrator. The Plan Administrator shall
have the discretion to satisfy Georgia-Pacific's obligations hereunder with
newly issued shares or shares previously issued and outstanding that have been
repurchased by Georgia-Pacific.

ss. 9. Voluntary Account Withdrawal
       ----------------------------

       A Participant may elect to withdraw the entire balance credited to his or
her Account for a Purchase Period by completing and filing an amended
Authorization with the Plan Administrator before the Exercise Date for such
period. If a Participant makes such a withdrawal election, no further payroll
deductions shall be made on his or her behalf and such balance shall be paid to
him or her in cash (without interest) at the next possible payroll period
(determined in accordance with the Participating Company's payroll practices and
policies regarding cut-off dates for payroll changes).

                                      -6-
<PAGE>
ss. 10.  TERMINATION OF EMPLOYMENT
         -------------------------

         If a Participant's employment as an Eligible Employee terminates on or
before the Exercise Date for a Purchase Period for any reason whatsoever, his or
her Account shall (subject to ss. 11 and ss. 12) be distributed as if he or she
had elected to withdraw his or her Account in cash under ss. 9 immediately
before the date his or her employment had so terminated. However, if a
Participant is transferred directly between one Participating Company and
another Participating Company while he or she has an Authorization in effect,
his or her employment shall not be treated as terminated merely by reason of
such transfer and any such Authorization shall (subject to all the terms and
conditions of this Plan) remain in effect after such transfer for the remainder
of the Purchase Period.

ss. 11.  RETIREMENT OR DISABILITY
         ------------------------

         If a Participant retires or becomes disabled within three months before
the Exercise Date for a Purchase Period, he or she may elect prior to such
Exercise Date to (i) make a cash lump sum payment to his or her Account in an
amount equal to the unpaid balance under his or her Authorization as then in
effect for such Purchase Period, (ii) purchase at the end of the Purchase Period
the number of whole shares of Stock as the balance credited to the Participant's
Account as of that date will purchase at the Option Price for such shares of
Stock, or (iii) withdraw the entire balance credited to his or her Account for
such Purchase Period in accordance with ss. 9. In the event a Participant elects
to make a cash lump sum payment to his or her Account, his or her option shall
be exercised automatically on the Exercise Date for such Purchase Period for the
purchase of as many whole shares of Stock as the balance credited to his or her
Account as of that date will purchase at the Option Price for such shares of
Stock as if he or she is an Eligible Employee on such Exercise Date. In the
event a Participant fails to make a timely election under this ss. 11, his or
her Account shall be distributed as if he or she had elected to withdraw the
entire balance credited to his or her Account in cash under ss. 9 immediately
before the date he or she retired.

         For purposes of this ss. 11, "retire" or "retirement" shall mean a
Participant's voluntary or involuntary termination with the Participating
Company and all of its affiliates (within the meaning of Code ss. 1563(a),
except that for such affiliate determination, the phrase "at least 50%" shall be
substituted for "at least 80%" in Code ss. ss. 1563(a)(1) and (a)(2)(A)) at a
time when he or she has attained at least age 65 or attained at least age 55 and
accrued 5 years of service for vesting purposes under the Participating
Company's qualified benefit plans covering him or her, provided that termination
for "cause" as determined by the Participating Company shall not be considered
retirement under this Plan.

                                      -7-
<PAGE>
         For purposes of this ss. 11, a Participant's date of "disability" shall
be the last day of his or her short-term medical leave period under
Georgia-Pacific's policy providing paid medical leave for salaried employees who
are medically unable to work because of injury or illness (or the last day of a
period determined as if the Participant were a salaried employee entitled to
such short-term medical leave), and a Participant shall be deemed "disabled" at
such time only if the Participant would be "totally disabled" pursuant to the
standards set forth in the Georgia-Pacific Corporation Salaried Long-Term
Disability Plan whether or not he or she is covered under that plan.

ss. 12.  DEATH
         -----

         If a Participant's employment terminates due to his or her death before
the Exercise Date for a Purchase Period, his or her beneficiary may elect before
the Exercise Date to (i) make a cash lump sum payment to the Participant's
Account in an amount equal to the unpaid balance under the Participant's
Authorization as then in effect for such Purchase Period, (ii) purchase at the
end of the Purchase Period the number of whole shares of Stock as the balance
credited to the Participant's Account as of that date will purchase at the
Option Price for such shares of Stock, or (iii) withdraw the entire balance
credited to the Participant's Account for such Purchase Period in accordance
with ss. 9. In the event a Participant's beneficiary elects to make a cash lump
sum payment to the Participant's Account, the Participant's option shall be
exercised automatically on the Exercise Date for such Purchase Period for the
purchase of as many whole shares of Stock as the balance credited to his or her
Account as of that date will purchase at the Option Price for such shares of
Stock as if the Participant is an Eligible Employee on such Exercise Date. In
the event a beneficiary fails to make a timely election under this ss. 12, the
Participant's Account shall be distributed as if the Participant had elected to
withdraw his or her Account in cash under ss. 9 immediately before the date he
or she died.

ss. 13.  TEMPORARY LAYOFF AND AUTHORIZED LEAVE OF ABSENCE
         ------------------------------------------------

         Any amounts being deducted from a Participant's compensation under his
or her Authorization for a Purchase Period shall be suspended during a period of
temporary layoff or authorized leave of absence without pay. If the Participant
returns to active service prior to the last payroll period in the Purchase
Period, his or her payroll deductions shall be commenced or resumed. The
Participant's option shall be exercised automatically on the Exercise Date for
such Purchase Period for the purchase of as many whole shares of Stock as the
balance credited to his or her Account as of that date will purchase at the
Option Price for such shares of Stock provided he or she is an Eligible Employee
on such Exercise Date.

         For purposes of this Plan, a Participant on a temporary layoff or
authorized leave of absence shall be deemed to be terminated from his or her
employment with

                                      -8-
<PAGE>
the Participating Company if such layoff or leave exceeds a period of 90
consecutive days (unless the Participant's right to reemployment is guaranteed
either by statute or by contract). At the end of such 90 day period, such
Participant shall have his or her Account distributed as if he or she had
elected to withdraw his or her Account in cash under ss. 9 immediately before
the date his or her employment had so terminated.

ss. 14.  HARDSHIP WITHDRAWALS FROM 401(K) PLANS
         --------------------------------------

         If a Participant receives a hardship withdrawal pursuant to the
provisions of a qualified retirement plan subject to Code ss. 401(k), any
amounts being deducted from such Participant's compensation under his or her
Authorization shall be suspended for a period of twelve consecutive months
following such withdrawal. If such suspension is in effect on the last day of an
Offering Period, any Authorization filed by an Eligible Employee during such
Offering Period shall be null and void and of no effect.

ss. 15.  ADMINISTRATION
         --------------

         The Plan Administrator shall be responsible for the administration of
this Plan and shall have the power to interpret this Plan and to take such other
action as the Plan Administrator deems necessary or equitable under the
circumstances. The Plan Administrator also shall have the power to delegate the
duty to perform such administrative functions as the Plan Administrator deems
appropriate under the circumstances. Any person to whom the duty to perform an
administrative function is delegated shall act on behalf of the Plan
Administrator for such function. Any action or inaction by or on behalf of the
Plan Administrator under this Plan shall be final and binding on each Eligible
Employee, each Participant and on each other person who makes a claim under this
Plan based on the rights, if any, of any such Eligible Employee or Participant
under this Plan.

ss. 16.  TRANSFERABILITY
         ---------------

         Neither the balance credited to a Participant's Account nor any rights
to the exercise of an option or to receive shares of Stock under this Plan may
be assigned, encumbered, alienated, transferred, pledged, or otherwise disposed
of in any way by a Participant during his or her lifetime or by any other person
during his or her lifetime, and any attempt to do so shall be without effect;
provided, however, that the Plan Administrator in its absolute discretion may
treat any such action as an election by a Participant to withdraw the balance
credited to his or her Account in accordance with ss. 9.

ss. 17.  ADJUSTMENT
         ----------

         The number of shares of Stock covered by outstanding options granted
pursuant to this Plan and the related Option Price and the number of shares of
Stock available

                                      -9-
<PAGE>
under this Plan automatically shall be adjusted by the Plan Administrator in a
manner to fully and fairly reflect any change in the capitalization of
Georgia-Pacific, including, but not limited to, such changes as dividends paid
in the form of Stock or Stock splits. Furthermore, the Plan Administrator
automatically shall adjust (in a manner which satisfies the requirements of ss.
424(a) of the Code) the number of shares of Stock available under this Plan and
the number of shares of Stock covered by options granted under this Plan and the
related Option Prices in the event of any corporate transaction described in ss.
424(a) of the Code. An adjustment made under this ss. 17 by the Plan
Administrator shall be conclusive and binding on all affected persons.

ss. 18.  SECURITIES REGISTRATION
         -----------------------

         If Georgia-Pacific shall deem it necessary to register under the
Securities Act of 1933, as amended, or any other applicable statutes, any shares
of Stock with respect to which an option shall have been exercised under this
Plan or to qualify any such shares of Stock for an exemption from any such
statutes, Georgia-Pacific shall take such action at its own expense before
delivery of any certificate representing such shares of Stock. If shares of
Stock are listed on any national stock exchange at the time an option to
purchase shares of Stock is exercised under this Plan, Georgia-Pacific whenever
required shall register shares of Stock for which such option is exercised under
the Securities Exchange Act of 1934, as amended, and shall make prompt
application for the listing on such national stock exchange of such shares, all
at the expense of Georgia-Pacific.

ss. 19.  AMENDMENT OR TERMINATION
         ------------------------

         This Plan may be amended by the Plan Administrator from time to time to
the extent that the Plan Administrator deems necessary or appropriate. The Plan
Administrator also may terminate this Plan or any offering made under this Plan
at any time; provided, however, the Plan Administrator shall not have the right
to modify, cancel, or amend any option outstanding after the beginning of a
Purchase Period unless (1) each Participant consents in writing to such
modification, amendment or cancellation, (2) such modification only accelerates
the Exercise Date for the related Purchase Period, or (3) the Plan Administrator
acting in good faith deems that such action is required under applicable law.

                                      -10-
<PAGE>
ss. 20.  NOTICES
         -------

         All Authorizations and other communications from a Participant to the
Plan Administrator under, or in connection with, this Plan shall be deemed to
have been filed with the Plan Administrator when actually received in the form
specified by the Plan Administrator at the location, or by the person,
designated by the Plan Administrator for the receipt of such Authorizations and
communications.

ss. 21.  EMPLOYMENT
         ----------

         No offer under this Plan shall constitute an offer of employment, and
no acceptance of an offer under this Plan shall constitute an employment
agreement. Any such offer or acceptance shall have no bearing whatsoever on the
employment relationship between any Eligible Employee and the Participating
Company, Georgia-Pacific or any subsidiary of Georgia-Pacific. Finally, no
Eligible Employee shall be induced to participate in this Plan by the
expectation of employment or continued employment.

ss. 22.  HEADINGS, REFERENCES AND CONSTRUCTION
         -------------------------------------

         The headings to sections in this Plan have been included for
convenience of reference only. Except as otherwise expressly indicated, all
references to sections (ss.) in this Plan shall be to sections (ss.) of this
Plan. This Plan shall be interpreted and construed in accordance with the laws
of the State of Georgia.

ss. 23.  SHAREHOLDER APPROVAL
         --------------------

         The Plan is not subject to shareholder approval. However, the Plan
shall be null and void and of no effect if the holders of the majority of the
outstanding shares of Stock do not approve the Georgia-Pacific Group 2000
Employee Stock Purchase Plan and The Timber Company 2000 Employee Stock Purchase
Plan within 12 months before or after the date of the adoption of such plans by
the Board.

                                      -11-

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