Document:

Second Amendment to the Retirement Savings Plan

 Exhibit 10.4 
 SECOND AMENDMENT TO THE 
 BOWATER INCORPORATED RETIREMENT SAVINGS PLAN 
 AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2007 

 WHEREAS, Bowater Incorporated (“Bowater”) maintains the Bowater Incorporated Retirement Savings Plan, as amended and
restated effective January 1, 2007, (the “Plan”) for certain eligible employees; 
 WHEREAS, Section 15.01 of the
Plan reserves to Bowater the authority to amend the Plan at any time; 
 WHEREAS, Bowater is a party to that certain Combination
Agreement and Agreement and Plan of Merger, dated as of January 29, 2007 (the “Merger Agreement”), by and among Bowater, Abitibi-Consolidated Inc. (“ACI”), AbitibiBowater Inc. (the “Company”), Alpha-Bravo Merger
Sub Inc. (“Merger Sub”) and Bowater Canada Inc., a subsidiary of Bowater (“BCI”), as amended, pursuant to which (i) Merger Sub will be merged with and into Bowater, with Bowater being the surviving corporation after the
merger and being wholly-owned by the Company and (ii) shares of ACI common stock will be exchanged for shares of the Company and shares of BCI, pursuant to which ACI will become a subsidiary of the Company (the “Transaction”);

 WHEREAS, Bowater wishes to redefine the Company Stock Fund to reflect the stock that will be held in that fund following the
Transaction; 
 WHEREAS, Bowater wishes to amend the Plan to accept rollover contributions of Roth elective deferral contributions
from applicable retirement plans, permit participants to take a hardship distribution to pay for certain expenses incurred by the participant’s primary beneficiary, and clarify that Automatic Company Contributions cannot be withdrawn from the
Plan before termination of employment; 
 WHEREAS, Bowater also maintains the Bowater Incorporated Retirement Plan (the
“BIRP”), which was amended to cease participation, benefit accrual and compensation for certain participants effective as of December 31, 2007, and consistent with the changes made to the BIRP, Bowater wishes to amend the Plan,
effective as of January 1, 2008, to permit such employees, if otherwise eligible, to participate in the portion of the Plan providing an Automatic Company Contribution; and 
 WHEREAS, Bowater desires to provide for full vesting of all employer matching and automatic company contributions in the event of an involuntary
termination without cause within 24 months following the closing of the Transaction; 
 NOW, THEREFORE, the Plan is amended, effective
as of the dates set forth below, in the following respects: 
  

	1.	Section 1.11 is amended to read as follows effective as of the date of the merger of Bowater Incorporated and Abitibi-Consolidated Inc.: 

 “1.11 Company Stock. Common stock of AbitibiBowater Inc. which is either tradable on an established securities market
or which has voting power and dividend rights no less favorable than any other class of common stock issued by AbitibiBowater Inc.” 

	2.	The first paragraph of Section 3.08(a) and Section 3.08(a)(i) are amended to read as follows effective as of April 1, 2008: 

 “(a) An Employee, whether or not a Participant, may request the Plan Administrator to accept any of the following amounts from or on
behalf of the Employee and place them in a Rollover Contributions Account or Roth Rollover Contributions Account, as applicable, for the Employee: 
  

	 	(i)	Amounts transferred to this Plan directly from another trust or annuity contract maintained as part of a plan qualified under Section 401(a) of the Code; provided, however,
that an employee may roll over a distribution from a Roth elective deferral account under another applicable retirement plan described in Section 402A(e)(1) of the Code only if it is a direct rollover and only to the extent the rollover is
permitted by Section 402(c) of the Code.” 

  

	3.	Plan Section 3.08(b) is amended to read as follows effective as of April 1, 2008: 

 “(b) Any amounts transferred into this Plan under this Section shall be by check or wire transfer. No securities shall be
contributed. The Eligible Employee shall make application to the Plan Administrator, in such form as shall be required by the Plan Administrator, submitting whatever information is deemed necessary and sufficient by the Plan Administrator to
establish compliance with the requirements of this Section. Amounts accepted by the Plan Administrator shall be placed in a Rollover Contributions Account established for the Employee and shall become part of the Trust Fund. Any amounts in the
Eligible Employee’s Rollover Contributions Account shall be fully vested at all times. In the event the Rollover Contribution includes the amount of any after-tax contributions, such after-tax contribution shall be accounted for in a separate
After-Tax Rollover Contributions Account. In the event the Rollover Contribution includes a distribution from a Roth elective deferral account under another applicable retirement plan described in Section 402A(e)(1) of the Code, such Roth
contributions shall be accounted for in a separate Roth Rollover Contributions Account. The Employee shall be able to direct the investment of these Accounts in accordance with the provisions of Article VI.” 
  

	4.	Section 3.09(b)(vii) is amended to read as follows effective April 1, 2008: 

  

	 	“(vii)	The portion attributable to rollover contributions shall be credited to the Employee’s Rollover Contributions Account, After-Tax Rollover Contributions Account or Roth Rollover
Contributions Account, as appropriate.” 

  

 2 

	5.	Section 4.02(a) is amended to read as follows effective January 1, 2008: 

 “4.02 Automatic Company Contributions. 
 (a) Eligibility. For each Plan Year, each Employer shall make an Automatic Company Contribution to the Plan with respect to each
Active Participant and Disabled Participant in its employ who is not included in a unit of Employees covered by a collective bargaining agreement, and 
  

	 	(i)	Became an Active Participant after December 31, 2006; or 

  

	 	(ii)	Was an active participant in a defined benefit plan sponsored by an Employer on December 31, 2006; and 

  

	 	(A)	Whose attained age and Years of Benefit Service totaled less than 70 on December 31, 2006; and 

  

	 	(B)	Whose attained age on December 31, 2006 was less than age 55; or 

  

	 	(iii)	Was an active participant in a defined benefit plan sponsored by an Employer on December 31, 2007, but whose participation ceased in such plan effective as of December 31,
2007. 

 Notwithstanding the foregoing, a Participant who is a Part-Time Employee shall not be eligible to
receive any Automatic Company Contributions made under this Section 4.02 for any Plan Year in which he fails to complete 1,000 or more Hours of Service.” 
  

	6.	Plan Section 7.01(h) is amended to read as follows effective April 1, 2008: 

 “(h) Rollover Contributions Account. A Rollover Contributions Account shall be established and maintained on behalf of each
Participant who makes a Rollover Contribution to the Plan, other than a rollover of after-tax contributions or a rollover from a Roth elective deferral account under another applicable retirement plan.” 
  

	7.	The following new Section 7.01(k) is added to the Plan effective April 1, 2008: 

 “(k) Roth Rollover Contributions Account. A Roth Rollover Contributions Account shall be established and maintained on behalf
of each Participant who makes a Rollover Contribution to the Plan of amounts from a Roth elective deferral account under another applicable retirement plan described in Section 402A(e)(1) of the Code.” 
  

	8.	Plan Section 8.01(a) is amended to read as follows effective April 1, 2008: 

 “(a) Participant Contributions Account. Each Participant shall have a full and immediately vested interest in his Before-Tax
Contributions Account, After-Tax Contributions Account, Roth Contributions Account, Catch-Up Contributions Account, Rollover Contributions Account, After-Tax Rollover Contributions Account and Roth Rollover Contributions Account and earnings on such
Accounts. 
  

 3 

	9.	The following new Section 8.01(d) is added to the Plan effective as of the date of the merger of Bowater Incorporated and Abitibi-Consolidated Inc.: 

“(d) Accelerated Vesting. Notwithstanding any provision in the Plan to the contrary, if a Participant incurs an
involuntarily Termination of Employment for any reason other than ‘cause’ during the 24 month period that begins on the effective date of the merger of Bowater Incorporated and Abitibi-Consolidated Inc., the Participant shall have a full
and immediately vested interest in his Matching Contributions and Automatic Company Contributions credited to his respective Accounts, adjusted for income, gains and losses attributable thereto. Except as otherwise provided in a Participant’s
employment or other individual agreement, ‘cause’ for purposes of this Section 8.01(d) shall be determined by the Plan Administrator in its sole discretion.” 
  

	10.	The first paragraph of Plan Section 10.01 is amended to read as follows effective January 1, 2007: 

 “10.01 Withdrawals. A Participant who is on the payroll of an Employer or is a Disabled Participant may elect a
withdrawal from his Account in accordance with the provisions of this Article X. Withdrawals shall be made from the Funds in which such amounts are invested in accordance with Section 10.02. A Participant may not withdraw any portion of his
Automatic Company Contributions Account prior to the date he incurs a severance from employment, as defined in Section 1.56(d).” 
  

	11.	Plan Section 10.01(c)(ii)(B)(1) is amended to read as follows effective as of January 1, 2008: 

  

	 	“(1)	Payment of expenses for (or amounts necessary to obtain) medical care that would be deductible under Section 213(d) of the Code (determined without regard to whether the
expenses exceed 7.5% of adjusted gross income), or payment of medical expenses described in Section 213(d) of the Code incurred by the Participant’s primary Beneficiary;” 

  

	12.	Plan Section 10.01(c)(ii)(B)(3) is amended to read as follows effective January 1, 2008: 

  

	 	“(3)	Payment of tuition, related educational fees, and room and board expenses, for up to the next twelve months of post-secondary education for the Participant or for the
Participant’s spouse, children, dependents (as defined in Code Section 152, determined without regard to Code Sections 152(b)(1), (b)(2) and (d)(1)(B)) or primary Beneficiary;” 

  

	13.	Plan Section 10.01(c)(ii)(B)(5) is amended to read as follows effective January 1, 2008: 

  

	 	“(5)	Payments for burial or funeral expenses for the Participant’s deceased parent, spouse, children, dependents (as defined in Code Section 152, determined without regard to
Code Section 152(d)(1)(B)) or primary Beneficiary;” 

  

 4 

	14.	Plan Section 11.05(b) is amended to read as follows effective April 1, 2008: 

 “(b) A Participant whose Account balance determined without regard to the balance in his Rollover Contributions Account, After-Tax
Rollover Contributions Account and Roth Rollover Contributions Account does not exceed $1,000 at the time of his Termination of Employment with the Employer shall receive his Account in a single sum payment, as described in Section 11.05(a)(i),
as soon as administratively practicable after his Termination of Employment.” 
 * * * 
 IN WITNESS WHEREOF, Bowater has caused this Second Amendment to the Plan to be adopted and executed by its duly authorized officer this 27th day
of November, 2007. 
  

			
	BOWATER INCORPORATED
		
	By:	 	 /s/ Jim T. Wright

		 	Jim T. Wright
	Its:	 	Executive Vice President – Human Resources

  

 5First Amendment to the Supplemental Retirement Savings Plan

 Exhibit 10.5 
 First Amendment to the 
 Bowater Incorporated Supplemental Retirement Savings Plan 

Effective as of January 1, 2005 
 WHEREAS, Bowater Incorporated (the “Company”) adopted the Bowater Incorporated Supplemental Retirement Savings Plan (the “Plan”) as of January 1, 2005; 
 WHEREAS, Section 9.1 of the Plan permits the Human Resources and Compensation Committee of the Board of Directors of the Company (the
“HRCC”) to amend the Plan; 
 WHEREAS, the HRCC desires to amend the Plan effective as of January 1, 2008 to:
(1) expand participation in the Plan and provide the right to receive Employer Contributions and make Salary Deferrals to all Eligible Employees in Salary Grade 33 (or equivalent) or higher or who are members of executive management and are
designated by the Chief Executive Officer of the Company or AbitibiBowater Inc. or his delegate, (2) provide for full accelerated vesting of a Participant’s Excess Automatic Company Contributions and Employer Contributions in the event a
Participant is involuntary terminated without cause within 24 months immediately following the closing of the Abitibi-Bowater Transaction; and (3) make additional changes in response to final Treasury Regulations promulgated under Code
Section 409A. 
 NOW, THEREFORE, the Plan is amended in the following respects, effective as of January 1, 2008, except as
otherwise noted 
 1. Section 3.1(c) is amended by adding the following sentence to the end of that Section: 
 “Notwithstanding the foregoing, effective as of January 1, 2008, an Eligible Employee shall be entitled to participate in the Plan and receive Employer
Contributions under Section 4.2, and make Salary Deferrals under Section 4.3 of the Plan, if the Eligible Employee satisfies the criterion listed in Section 3.1(c)(i).” 
 2. Section 4.3(c) is amended in its entirety to read as follows: 
 “4.3 Salary Deferrals. Effective as of January 1, 2007, an Eligible Employee described in Section 3.1(c) and effective as of January 1, 2008, an Eligible Employee described in the
last sentence of Section 3.1(c), may irrevocably elect to defer, on a pre-tax basis, up to 50% of his or her Base Salary (in whole percentages) for a Plan Year by delivering a properly executed Deferral Form to the Plan Administrator within the
time specified in Section 3.2(c). The actual dollar amount deferred shall be determined on a gross Base Salary and shall be reduced, if necessary, to accommodate for: (i) contributions that the Eligible Employee is first required to make
or has elected to make under all other retirement and welfare benefit plans maintained by the Eligible Employee’s Employer; and (ii) all deductions from Base Salary required by law, including Social Security and Medicare taxes. Such an
election is a separate and independent election from an election to defer compensation under the Retirement Savings Plan. A Salary Deferral election shall apply only to Base Salary earned after the effective date of such election (as described in
Section 3.2(c)).” 

 3. Section 6.4 is amended, effective as of October 29, 2007, in its entirety to read as
follows: 
 “6.4 Accelerated Vesting: Excess Automatic Company and Employer Contributions. 
 (a) If a Participant’s service is involuntarily terminated by the Employer for any reason other than ‘cause’ before the Participant becomes
vested in any Excess Automatic Company Contributions or Employer Contributions, then the Participant shall become vested in a portion of his or her Excess Automatic Company Contributions, if any, and Employer Contributions, if any, including income
and gains. Such vested portion shall be determined by multiplying the Participant’s Excess Automatic Company Contributions, if any, and Employer Contributions, if any, by a fraction, the numerator of which is the Participant’s number of
completed months of service with the Employer, and the denominator of which is 36. Notwithstanding the foregoing, if a Participant’s service is involuntarily terminated by the Employer for any reason other than ‘cause’ during the 24
month period that begins on October 29, 2007, the date the Transaction (as defined in Section 5.2(b)) closed, the Participant shall become fully vested in and have a nonforfeitable right to his or her Excess Automatic Company Contributions
and Employer Contributions, adjusted for income, gains, and losses attributable thereto. Except as otherwise provided in a Participant’s employment or other individual agreement, ‘cause’ for purposes of this Section 6.4(a) shall
be determined by the Company in its sole discretion.” 
 4. Sections 7.3, 7.4, 7.5, and 7.6 are amended in their entirety, and new
Section 7.7 is added, to read as follows: 
 “7.3 Benefits Upon
Death. Upon the Participant’s death, the Plan Administrator shall pay to the Participant’s Beneficiary a benefit equal to the remaining balance in the Participant’s Account in a lump sum payment. Payment shall be made
following the date of the Participant’s death, but no later than the end of the calendar year in which the Participant’s death occurs or, if later, the 15th day of the third month following the date of the Participant’s death. 
 7.4 Benefits Upon Disability. A Participant shall receive the balance of his or her Account in a lump sum payment upon a Disability. Payment shall be made following the date of Disability, but no later
than the end of the calendar year following the date of Disability or, if later, the 15th day of the third month following the date of Disability. 

 7.5 Right of Offset. The Employer shall have the right to offset any amounts payable to a Participant under the Plan to
reimburse the Employer for liabilities or obligations of the Participant to the Employer if the following conditions are met: 
 (a) the
liabilities or obligations of the Participant to the Employer were incurred in the ordinary course of the service relationship between the Participant and the Employer; 
 (b) the entire amount to be offset does not exceed $5,000 in any taxable year of the Participant; and 
  

 2 

 (c) the offset is made at the same time and in the same amount as the liabilities or obligations
otherwise would have been due and collected from the Participant. 
 7.6 Taxes. Income taxes and other taxes payable with
respect to an Account shall be deducted from amounts payable under the Plan. All federal, state or local taxes that the Plan Administrator determines are required to be withheld from any payments made pursuant to this Article 7 shall be withheld.
The Plan Administrator shall have the discretion to make a distribution, or accelerate the time or schedule of payment, from a Participant’s Account if payment is required for: 
 (a) FICA, FUTA and/or the corresponding withholding provisions of applicable state and local taxes with respect to compensation deferred under the Plan.
Any such distribution shall not exceed the aggregate of such tax withholding and shall reduce the Participant’s Account balance to the extent of such distributions; or 
 (b) payment of state, local or foreign tax obligations arising from participation in the Plan that apply to an amount deferred under the Plan and FUTA
resulting from such payment. Any such payment shall not exceed the amount of such taxes due as a result of Plan participation. 
 7.7
Additional Discretion to Accelerate Distribution. 
 (a) The Plan Administrator shall have the discretion to accelerate the time or
schedule of payment under the Plan if the Plan fails to meet the requirements of Code Section 409A and regulations promulgated thereunder, provided that any such payment does not exceed the amount required to be included in income as a result
of such failure. 
 (b) The Plan Administrator shall have the discretion to require a mandatory lump sum payment of a Participant’s
Account balance up to the Code Section 402(g)(1)(B) limit in effect at the time of payment provided that the payment results in the termination and liquidation of the entirety of the Participant’s interest under the Plan (as determined in
accordance with plan aggregation rules set forth in Code Section 409A and Treasury Regulations promulgated thereunder).” 
 5.
Section 9.1 is amended in its entirety to read as follows: 
 “9.1 Authority to Amend and Terminate. 
 (a) The Plan reserves to the Board the right to amend or terminate the Plan at any time, subject to Section 9.2. Any amendment or termination of the
Plan shall be effected by resolution of the Board or its authorized delegate. Except as provided in paragraph (b), Account balances shall be maintained under the Plan until such amounts would otherwise have been distributed in accordance with the
terms of the Plan. 
 (b) Upon termination of the Plan, the Board reserves the discretion to accelerate distribution of the Accounts of
Participants in accordance with regulations promulgated by the Department of Treasury under Code Section 409A.” 
  

 3 

 * * * 
 IN WITNESS WHEREOF, the HRCC has caused this Second Amendment to the Plan to be executed by a duly authorized officer this 27th day of November, 2007. 
  

			
	BOWATER INCORPORATED
		
	By:	 	 /s/ Jim T. Wright

		 	Jim T. Wright
	Title:	 	Executive Vice President – Human Resources

  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}]]