Document:

Exhibit 10.30

 Exhibit 10.30 
 MEADWESTVACO CORPORATION 
 Amendments to the 
 The Mead Corporation Incentive Compensation Election Plan, 
 The Mead Corporation Deferred Compensation Plan for Directors, 
 The Mead Corporation Directors
Capital Accumulation Plan 
 Westvaco Corporation Deferred Compensation Plan, 
 Westvaco Corporation Savings and Investment Restoration Plan, and 
 Westvaco Corporation Deferred Compensation Plan for Non-Employee Outside Directors 
 Westvaco
Corporation Retirement Plan for Outside Directors 
 The Mead Corporation Incentive Compensation Election Plan (the “Mead
DCP”), The Mead Corporation Deferred Compensation Plan for Directors (the “Mead Director DCP”), The Mead Corporation Directors Capital Accumulation Plan (the “Mead Director CAP”), Westvaco Corporation Deferred Compensation
Plan (the “Westvaco DCP”), Westvaco Corporation Savings and Investment Restoration Plan, (the “SIRP”), Westvaco Corporation Deferred Compensation Plan for Non-Employee Outside Directors (the “Westvaco Director DCP”),
and Westvaco Corporation Retirement Plan for Outside Directors (the “Westvaco Director Retirement Plan”) are hereby clarified and amended as set forth below. 
 A. Mead DCP 
 1. Section 1 of the Mead DCP is renamed “Purpose and History of Plan,”
and amended by adding the following new paragraphs at the end thereof: 
 Effective January 29, 2002, The Mead Corporation and Westvaco
Corporation became wholly owned subsidiaries of MW Holding Corporation, the name of which was subsequently changed to MeadWestvaco Corporation (“MeadWestvaco”). In connection with this event, MeadWestvaco assumed sponsorship of the benefit
plans maintained by Westvaco, including the Plan. Accordingly, effective January 29, 2002, references to the “Company” other than those contained in this Section 1 shall be understood to refer to MeadWestvaco. 

 In connection with the establishment of MeadWestvaco, deferrals under the Plan were discontinued prior to
January 1, 2003, and individuals who otherwise would have been eligible to participate in the Plan became eligible to participate in the MeadWestvaco Corporation Deferred Income Plan (the “DIP”). Prior to January 1, 2005,
Participants in the Plan were permitted, but not required, to “roll over” the balances of Accounts under the Plan to the DIP. Account balances that were not rolled over to the DIP remain subject to the terms and conditions of the Plan.

 All account balances are attributable to amounts “deferred” (within the meaning of Section 409A of the Code and
Section 885 of the American Jobs Creation Act of 2004, including any regulations or other guidance thereunder (collectively the “AJCA”)) prior to January 1, 2005 and therefore are not subject to the AJCA. No change shall be made
in the form or administration of the Plan as in effect on October 3, 2004 that would constitute a “material modification” (within the meaning of the AJCA) of the Plan. Unless expressly stated otherwise, any amendment to, or other
action under, the Plan shall be null and void to the extent that such amendment or other action would otherwise be deemed to constitute a “material modification” (within the meaning of the AJCA) with respect to amounts “deferred”
(within the meaning of the AJCA) prior to January 1, 2005. 
 2. Effective January 1, 2003, Section 5 of the Mead DCP is
amended to provide as follows: 
 No individual may elect to defer incentive compensation under the Plan after December 31, 2002.
Accounts under the Plan shall be distributed in accordance with Section 6. 
 B. Mead Director DCP 
 1. The following new Section 1 is added, and the remainder of the Mead Director DCP renumbered, and any cross-references updated accordingly:

 History of the Plan 
 Effective January 29, 2002, The Mead Corporation and Westvaco Corporation became wholly owned subsidiaries of MW Holding Corporation, the name of which was subsequently changed to MeadWestvaco Corporation (“MeadWestvaco”). In

  

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connection with this event, MeadWestvaco assumed sponsorship of the benefit plans maintained by Westvaco, including the Plan. Accordingly, effective
January 29, 2002, references to the “Company” other than those contained in this Section 1 shall be understood to refer to MeadWestvaco; provided that, for purposes of Section 2 hereof, the “Company” shall mean The
Mead Corporation as it existed on January 28, 2002. 
 In connection with the establishment of MeadWestvaco, deferrals under the Plan
were discontinued prior to January 1, 2003, and individuals who otherwise would have been eligible to participate in the Plan became eligible to participate in the MeadWestvaco Corporation Deferred Income Plan (the “DIP”). Prior to
January 1, 2005, Participants in the Plan were permitted, but not required, to “roll over” the balances of Accounts under the Plan to the DIP. Account balances that were not rolled over to the DIP remain subject to the terms and
conditions of the Plan. 
 All Account balances are attributable to amounts “deferred” (within the meaning of Section 409A of
the Code and Section 885 of the American Jobs Creation Act of 2004, including any regulations or other guidance thereunder (collectively the “AJCA”)) prior to January 1, 2005 and therefore are not subject to the AJCA. No change
shall be made in the form or administration of the Plan as in effect on October 3, 2004 that would constitute a “material modification” (within the meaning of the AJCA) of the Plan. Unless expressly stated otherwise, any amendment to,
or other action under, the Plan shall be null and void to the extent that such amendment or other action would otherwise be deemed to constitute a “material modification” (within the meaning of the AJCA) with respect to amounts
“deferred” (within the meaning of the AJCA) prior to January 1, 2005. 
 2. Effective January 1, 2003, Section 4 of
the Mead Director DCP is amended to provide as follows: 
 No individual may elect to defer compensation under the Plan after
December 31, 2002. Accounts under the Plan shall be distributed in accordance with the provisions of this Section 4 in effect immediately prior to January 1, 2003. 
  

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 C. Mead Director CAP 
 1. Section 1.1 of the Mead Director CAP is renamed “Purpose and History of Plan,” and amended by adding the following new paragraphs at the end thereof: 
 Effective January 29, 2002, The Mead Corporation and Westvaco Corporation became wholly owned subsidiaries of MW Holding Corporation, the name of
which was subsequently changed to MeadWestvaco Corporation (“MeadWestvaco”). In connection with this event, MeadWestvaco assumed sponsorship of the benefit plans maintained by Westvaco, including the Plan. Accordingly, effective
January 29, 2002, references to the “Mead” other than those contained in this Section 1.1 shall be understood to refer to MeadWestvaco; provided that, for purposes of the definition of Eligible Director, “Mead” shall
refer to The Mead Corporation as it existed on January 28, 2002. 
 In connection with the establishment of MeadWestvaco, deferrals under
the Plan were discontinued prior to January 1, 2003, and individuals who otherwise would have been eligible to participate in the Plan became eligible to participate in the MeadWestvaco Corporation Deferred Income Plan (the “DIP”).
Prior to January 1, 2005, Participants in the Plan were permitted, but not required, to “roll over” the balances of Accounts under the Plan to the DIP. Account balances that were not rolled over to the DIP remain subject to the terms
and conditions of the Plan. 
 All Account balances are attributable to amounts “deferred” (within the meaning of Section 409A
of the Code and Section 885 of the American Jobs Creation Act of 2004, including any regulations or other guidance thereunder (collectively the “AJCA”)) prior to January 1, 2005 and therefore are not subject to the AJCA. No
change shall be made in the form or administration of the Plan as in effect on October 3, 2004 that would constitute a “material modification” (within the meaning of the AJCA) of the Plan. Unless expressly stated otherwise, any
amendment to, or other action under, the Plan shall be null and void to the extent that such amendment or other action would otherwise be deemed to constitute a “material modification” (within the meaning of the AJCA) with respect to
amounts “deferred” (within the meaning of the AJCA) prior to January 1, 2005. 
  

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 2. Effective January 1, 2003, Section 3 of the Mead Director CAP is amended to provide as
follows: 
 No individual may elect to defer compensation under the Plan after December 31, 2002. Accounts under the Plan shall be
distributed in accordance with the provisions of Section 8. 
 D. Westvaco DCP 
 1. Section 1.1 of the Westvaco DCP is renamed “Purpose and History of Plan,” and amended by adding the following new paragraphs at the end
thereof: 
 Effective January 29, 2002, The Mead Corporation and Westvaco Corporation became wholly owned subsidiaries of MW Holding
Corporation, the name of which was subsequently changed to MeadWestvaco Corporation (“MeadWestvaco”). In connection with this event, MeadWestvaco assumed sponsorship of the benefit plans maintained by Westvaco, including the Plan.
Accordingly, effective January 29, 2002, references to the “Company” shall be understood to refer to MeadWestvaco. 
 In
connection with the establishment of MeadWestvaco, deferrals under the Plan were discontinued prior to January 1, 2003, and individuals who otherwise would have been eligible to participate in the Plan became eligible to participate in the
MeadWestvaco Corporation Deferred Income Plan (the “DIP”). Prior to January 1, 2005, Participants in the Plan were permitted, but not required, to “roll over” the balances of Accounts under the Plan to the DIP. Account
balances that were not rolled over to the DIP remain subject to the terms and conditions of the Plan. 
 All Account balances are attributable
to amounts “deferred” (within the meaning of Section 409A of the Code and Section 885 of the American Jobs Creation Act of 2004, including any regulations or other guidance thereunder (collectively the “AJCA”))) prior
to January 1, 2005 and therefore are not subject to the AJCA. No change shall be made in the form or administration of the Plan as in effect on October 3, 2004 that would constitute a “material modification” (within the meaning
of the AJCA) of the Plan. Unless expressly stated otherwise, any amendment to, or other action under, the Plan shall be null and void to the extent that such amendment or other action would otherwise be deemed to constitute a “material
modification” (within the meaning of the AJCA) with respect to amounts “deferred” (within the meaning of the AJCA) prior to January 1, 2005. 
  

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 2. Effective January 1, 2003, Article II of the Westvaco DCP is amended to provide as follows:

 No individual may elect to defer compensation under the Plan after December 31, 2002. Accounts under the Plan shall be distributed in
accordance with Article IV. 
 3. Effective January 1, 2005, Section 4.5 of the Westvaco DCP is amended to provide as follows:

 Section 4.5 
 Hardship
Withdrawals. Upon request of a Participant, the Participant shall receive a special lump-sum distribution (a “Withdrawal”) of all or a portion of his or her Account as set forth in this Section 4.5, subject to the limitations set
forth below. If the Administrative Committee determines, in accordance with such procedures as it may establish from time to time, that the Participant has experienced an unforeseeable financial hardship as a result of the illness or accidental
injury of the Participant or a dependant of the Participant, a casualty loss of property not fully covered by insurance, or other similar financial hardship caused by unforeseeable circumstances beyond the control of the Participant, then the
Administrative Committee (i) shall cancel any deferral elections previously filed by the Participant (under the DIP or any other nonqualified deferred compensation maintained by the Company and its subsidiaries) with respect to compensation to
be earned after the Administrative Committee makes its determination, and (ii) may approve a distribution from the Participant’s Account, but only to the extent necessary to alleviate the financial hardship after taking into account the
effect of the foregoing cancellation of Deferral Elections. 
 E. SIRP 
 1. Paragraph 1 of the SIRP is amended by adding the following new paragraphs at the end thereof: 
 Effective
January 29, 2002, The Mead Corporation and Westvaco Corporation became wholly owned subsidiaries of MW Holding Corporation, the name of which was subsequently changed to MeadWestvaco Corporation (“MeadWestvaco”). In connection with
this event, MeadWestvaco assumed sponsorship of the benefit plans maintained by Westvaco, including 

  

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the Plan. Accordingly, effective January 29, 2002, references to Westvaco Corporation, Westvaco, or Employer other than those contained in this
Paragraph 1 shall be understood to refer to MeadWestvaco; provided that, for purposes of determining eligibility to participate in the Plan, the Affiliated Group shall mean Westvaco and its Subsidiaries as of January 29, 2002. No person became
a Member of the Plan on or after January 29, 2002. 
 In connection with the establishment of MeadWestvaco, deferrals under the Plan were
discontinued prior to January 1, 2003, and individuals who otherwise would have been eligible to participate in the Plan became eligible to participate in the MeadWestvaco Corporation Deferred Income Plan (the “DIP”). Prior to
January 1, 2005, Participants in the Plan were permitted, but not required, to “roll over” the balances of Accounts under the Plan to the DIP. Account balances that were not rolled over to the DIP remain subject to the terms and
conditions of the Plan. 
 All Account balances are attributable to amounts “deferred” (within the meaning of Section 409A of
the Code and Section 885 of the American Jobs Creation Act of 2004, including any regulations or other guidance thereunder (collectively the “AJCA”)) prior to January 1, 2005 and therefore are not subject to the AJCA. No change
shall be made in the form or administration of the Plan as in effect on October 3, 2004 that would constitute a “material modification” (within the meaning of the AJCA) of the Plan. Unless expressly stated otherwise, any amendment to,
or other action under, the Plan shall be null and void to the extent that such amendment or other action would otherwise be deemed to constitute a “material modification” (within the meaning of the AJCA) with respect to amounts
“deferred” (within the meaning of the AJCA) prior to January 1, 2005. 
 2. Effective January 1, 2003, Paragraph 4 of the
SIRP is amended to provide as follows: 
 No individual may elect Salary Reductions under the Plan after December 31, 2002. Accounts
under the Plan shall be distributed in accordance with Paragraph 6. 
  

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 F. Westvaco Director DCP 
 1. Section 1.1 of the Westvaco Director DCP is renamed “Purpose and History of Plan,” and amended by adding the following new paragraphs at the end thereof: 
 Effective January 29, 2002, The Mead Corporation and Westvaco Corporation became wholly owned subsidiaries of MW Holding Corporation, the name of
which was subsequently changed to MeadWestvaco Corporation (“MeadWestvaco”). In connection with this event, MeadWestvaco assumed sponsorship of the benefit plans maintained by Westvaco, including the Plan. Accordingly, effective
January 29, 2002, references to the “Company” other than those contained in this Section 1.1 shall be understood to refer to MeadWestvaco; provided that, for purposes of the definition of Eligible Director, the
“Company” shall refer to Westvaco Corporation as it existed prior to January 29, 2002. No person became a Participant on or after January 29, 2002. 
 In connection with the establishment of MeadWestvaco, deferrals under the Plan were discontinued prior to January 1, 2003, and individuals who otherwise would have been eligible to participate in the Plan became
eligible to participate in the MeadWestvaco Corporation Deferred Income Plan (the “DIP”). Prior to January 1, 2005, Participants in the Plan were permitted, but not required, to “roll over” the balances of Accounts under the
Plan to the DIP. Account balances that were not rolled over to the DIP remain subject to the terms and conditions of the Plan. 
 All Account
balances are attributable to amounts “deferred” (within the meaning of Section 409A of the Code and Section 885 of the American Jobs Creation Act of 2004, including any regulations or other guidance thereunder (collectively the
“AJCA”)) prior to January 1, 2005 and therefore are not subject to the AJCA. No change shall be made in the form or administration of the Plan as in effect on October 3, 2004 that would constitute a “material
modification” (within the meaning of the AJCA) of the Plan. Unless expressly stated otherwise, any amendment to, or other action under, the Plan shall be null and void to the extent that such amendment or other action would otherwise be deemed
to constitute a “material modification” (within the meaning of the AJCA) with respect to amounts “deferred” (within the meaning of the AJCA) prior to January 1, 2005. 
  

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 2. Effective January 1, 2003, Article II of the Westvaco Director DCP is amended to provide as
follows: 
 No individual may elect to defer Eligible Compensation under the Plan after December 31, 2002. Accounts under the Plan shall
be distributed in accordance with Article IV. 
 G. Westvaco Director Retirement Plan 
 1. By resolution of the Board of Directors of Westvaco Corporation, the Westvaco Director Retirement Plan was terminated effective February 25, 1997.
Pursuant to the termination resolution, all benefits accrued under the Westvaco Director Retirement Plan as of February 25, 1997 shall be preserved and paid in accordance with such plan, and all benefits established for directors previously
retired shall continue to be paid in accordance with such plan. 
 2. In accordance with the rules in effect for the Westvaco Director
Retirement Plan as of October 3, 2004, the accrued benefit of each Member of the Westvaco Director Retirement Plan who was not in pay status as of October 3, 2004 shall be paid in the form of a single-life annuity, commencing on the first
day of the calendar month next following the later of (a) the Member’s separation from service (as determined by MeadWestvaco in accordance with Treas. Reg. § 1.409A-1(h)) or (b) the Member’s 72nd birthday. 

*        *        *        *        * 
  

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 IN WITNESS WHEREOF, the undersigned has executed the above amendment. 
  

	
	 /s/ John A. Luke, Jr.

	John A. Luke, Jr.
	Chairman and Chief Executive Officer

 APPROVALS 
 LAW
DEPARTMENT 
 FILED: December 30, 2008 
  

			
	By	 	 /s/ John J. Carrara

		 	John J. Carrara
		 	 Associate General Counsel and
 Assistant Secretary

		
	By	 	 /s/ Wendell L. Willkie, II

		 	Wendell L. Willkie, II
		 	Senior Vice President, General Counsel and Secretary

  

 -10-Exhibit 10.31

 Exhibit 10.31 
 Summary of MeadWestvaco Corporation Long-Term Incentive Plan under 2005 Performance Incentive Plan, as amended 
 Under the MeadWestvaco Corporation Long-Term Incentive Plan (the “Plan”), which is a part of the 2005 Performance Incentive Plan, the Compensation and Organization Development Committee (the “Committee”) of the Board of
Directors annually awarded each executive a long-term incentive award that is payable partially in the form of performance-based prior to 2009, restricted stock units and partially in the form of non-qualified stock options. For 2009 an
executive’s long-term award is payable partially in the form of time-based restricted stock units and partially in the form of non-qualified stock options. The size of each executive officer’s long-term incentive award is determined by
application of his or her long-term incentive target expressed as a percentage of base salary, which the Committee examines annually to confirm that the target is reasonable when viewed against external competitive market data, peer group and
general industry trends, over multiple years. 
 The Committee generally establishes a three year period for performance-based restricted stock units awarded
under the Plan. Performance-based restricted stock unit awards are payable only if designated objectives for key financial and/or operational metrics are met, unless they are reduced at the discretion of the Committee. These objectives for executive
officers are set by the Committee, and generally include such targets as Return on Invested Capital (ROIC), Innovation, measured by revenue from new products, Profitable Revenue Growth, and Relative Earnings per Share. Performance-based restricted
stock units awards (assuming performance criteria are met) are payable in the third year and are subject to a maximum payout of 200% of target performance with a minimum threshold equal to 50% of target, generally. In the event of below target
performance, the Committee shall reduce award values to reflect proportional progress made towards target performance levels; provided that no award shall vest in the event of performance below threshold performance levels. During the vesting
period, dividends on unvested restricted stock unit awards are credited to an executive’s award, but are only delivered when and to the extent that the award vests. 
 Time-based restricted stock units awarded under the plan generally are subject to three-year vesting. 
 Stock options
awarded under the plan generally are subject to a three-year pro rata vesting expiring on the third anniversary of the grant date. While there is no performance-based prerequisite to the vesting of stock options, in the event the market value of the
common stock does not appreciate over the exercise price, the options will have no value. The exercise price for stock options is not less than the “fair market value” of the common stock underlying the awards on the grant date. “Fair
market value” is defined as the closing price of such common stock as reflected on the New York Stock Exchange on the grant date and is a term and condition of all stock option awards approved by the Committee. No dividend rights attach to
non-qualified stock options.

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