Document:

BANTA CORPORATION 

LONG-TERM INCENTIVE
CASH COMPENSATION PLAN 

(As Amended and
Restated Effective January 1, 2004) 

ARTICLE I  

Statement Of Purpose 

	1.1 	Purpose.
The Banta Corporation Long-Term Incentive Cash Compensation Plan (the “Plan”)
is the restatement of the cash bonus program previously known as the Banta Corporation
Economic Profit (EP) Long-Term Incentive Compensation Plan. The purpose of the Plan is to
provide an incentive compensation system which promotes and rewards covered executives
over three-year rolling periods for the satisfaction of the goals established by the
Compensation Committee of the Board of Directors (the “Committee”) of Banta
Corporation (the “Company”). The Plan is the cash portion of the Company’s
long-term incentive program which also includes the possibility of equity awards, such as
options and/or restricted stock. 

ARTICLE II  

Computation And
Payment Of Bonus 

	2.1  	"Target
Bonus" means for a Participant the Participant's Target Bonus Percentage times the
Participant's Base Pay. (See Article III for calculations related to a change
in a Participant's employment status.) 

	2.2  	"Target
Bonus Percentage" is determined by the Committee for each Performance Period for each
Participant. 

	2.3 	“Base
Pay” means the Participant’s base rate of salary as of the beginning of the
first year of the Performance Period. This excludes bonuses and other benefits or forms
of compensation and is determined before reduction for any elective salary deferrals or
similar benefits. 

	2.4 	“Performance
Period” means each three-year period over which a Participant’s performance
is measured under the Plan. 

	2.5 	Computation.
For each Performance Period, the Committee shall establish in its discretion the
applicable rules for calculating the bonus amounts for such Performance Period, including
among other items the applicable components for each Participant (including such
individual goals as the Committee may prescribe), the levels to be attained for each
component for threshold compliance and for maximum credited compliance, the percentage of
bonus to be earned for results within such range, and the factors for adjusting the bonus
to reflect performance measured against peer group companies. In any event, the minimum
bonus for an eligible Participant in a Performance Period shall be one-half of the
Participant’s Target Bonus and the maximum bonus shall be three times the Participant’s
Target Bonus. 

1 

	2.6 	Payment.
After the financial close of each Performance Period, the Committee shall determine the
bonus earned by each Participant, and the Company shall pay such amount in cash within 30
days following such determination, subject to Article IV. 

ARTICLE III  

Plan Participation,
Transfers And Terminations 

	3.1 	Participant.
“Participant” shall mean an employee employed on a regular full-time or
part-time basis by the Company who has been recommended by the Chief Executive Officer to
be eligible to participate in the Plan and approved by the Committee. A person shall
remain a Participant for other purposes of the Plan as long as he/she has a deferred
balance. 

	3.2 	New
Participants. A Participant can be added at any time during the first year of the
Performance Period. For a Participant commencing later than January 1 of such year, the
ultimate award pursuant to Section 2.5 shall be prorated at a rate of 1/36 for each
subsequent complete month of employment in the Performance Period. 

	3.3 	Changing
Position Level/Promotions. The Target Bonus of a Participant who has changed position
level or has been promoted during a Performance Period and such position change or
promotion necessitates a change in the Participant’s Target Bonus Percentage will be
prorated at a rate of 1/36 for each complete month before and after with the event
generating the change. 

	3.4 	Termination.
In the event that a Participant’s employment with the Company is terminated on or
before the end of the applicable Performance Period, the right of the Participant to any
payout shall be forfeited. Notwithstanding the foregoing, a special rule applies for a
Participant who on or after July 1 of the first year of the Performance Period but prior
to the last day of the Performance Period either (i) retires under the terms of the
Company’s Retirement Plan, (ii) suffers a “disability” as such term is
defined in the Company’s long-term disability benefits program and is not reasonably
expected by management to return to work, (iii) dies or (iv) is involuntarily terminated
without cause. For such Participant, the Company shall pay in cash within 30 days
following termination of employment a fraction of one-half of the Participant’s
Target Bonus. Such fraction shall be 1/36 for each complete month during the Performance
Period during which the person is both an eligible employee and a Participant. For this
purpose, “cause” means: 

	 	(i) 	misappropriation
by the Participant of funds of the Company or any of its
                    subsidiaries; 

	 	(ii) 	the
Participant personally and secretly obtaining profits                     from dealings
with the Company or any of its subsidiaries;

2 

	 	(iii) 	the
Participant’s unreasonable neglect of, or refusal to perform, his/her
                    duties or responsibilities; and 

	 	(iv) 	conviction
of a serious crime involving moral turpitude. 

	3.5 	Breach
of Agreement. Notwithstanding any other provision of the Plan or any other agreement,
in the event that a Participant shall breach any noncompetition agreement with the
Company or breach any agreement with respect to the postemployment conduct of such
Participant, any remaining payment otherwise due to the Participant hereunder shall be
forfeited. 

	3.6 	No
Guarantee. Selection as a Participant is no guarantee that benefits under the Plan
will be earned or that selection as a Participant will be made in any subsequent
Performance Period. 

ARTICLE IV  

Deferred Payment 

	4.1 	Deferrals.
Prior to 2004, all Participants were given the opportunity to defer payment of all or any
portion of the bonus payments he/she would otherwise receive. Given the low participation
in such option, it is being phased out by being limited in any future year to those who
actually elected to defer in the preceding year. New participants will not be eligible.
In addition, no bonus amount otherwise payable for a Performance Period shall be deferred
unless the Company shall have received a written notice from the Participant not later
than December 31 of the year preceding the beginning of the Performance Period specifying
the portion of the award which is to be deferred. By way of example, an election to defer
any 2005 awards (which would otherwise be paid in early 2008) must be received by
December 31, 2004. Any such deferral election shall be irrevocable. 

	4.2 	Deferral
Accounts. All amounts so deferred will be credited, as of the dates otherwise
payable, to an account created on the Company’s books for the Participant. Amounts
standing to a Participant’s credit in the account shall be paid to the Participant
or his designated beneficiary or estate: (i) over a period of not more than fifteen years
following termination of the Participant’s employment by reason of death, disability
or normal or early retirement as permitted by the Company’s Retirement Plan, at such
times and in such installments as shall be determined in the sole discretion of the
Committee, and (ii) in a lump sum within 30 days following termination of a Participant’s
employment for any other reason. 

	4.3 	Interest.
Until such time as all amounts in the account are paid in full, a credit in lieu of
interest shall be made to the account on December 31 of each year (or on the date of the
final installment payment from the account, as the case may be) in an amount equal to
interest on the balance from time to time outstanding in the account during the year at a
rate equal to the average prime rate of interest less one percentage point. For purposes
of this section the “average prime rate of interest” in effect during the
applicable period shall be computed by multiplying each prime rate of interest in effect
at the U.S. Bank in Milwaukee during such period by the number of days each such rate was
so in effect, and by dividing the total number so obtained by the total number of days in
such period. 

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ARTICLE V  

Administration 

	5.1 	Administration.
The Plan will be administered on a fiscal year basis under the direction and control of
the Committee. At a meeting of the Committee during the first quarter of each year the
Committee will review and approve the list of Participants for the Performance Period
that begins with such year along with their respective Target Bonus Percentages,
respective performance measurement components, and other applicable factors for the
operation of the Plan. 

	5.2 	Committee
Authority. Except as otherwise expressly provided herein, full power and authority to
interpret and administer this Plan shall be vested in the Committee. The Committee may
from time to time make such decisions and adopt such rules and regulations for
implementing the Plan as it deems appropriate for any Participant under the Plan. Any
decision taken by the Committee arising out of or in connection with the construction,
administration, interpretation and effect of the Plan shall be final, conclusive and
binding upon all participants and any person claiming under or through them. 

ARTICLE VI  

General Provisions 

	6.1 	Withholding
of Taxes. The Company shall have the right to withhold the amount of taxes which in
the determination of the Company are required to be withheld under law with respect to
any amount due or paid under the Plan. 

	6.2  	Expenses.
All expenses and costs in connection with the adoption and administration of the Plan
shall be borne by the Company. 

	6.3  	No
Prior Right or Offer. Except and until expressly granted pursuant to the Plan, nothing
in the Plan shall be deemed to give any employee any contractual or other right
to participate in the benefits of the Plan. 

	6.4 	Rights
Personal to Participant. Any rights provided to a Participant under the Plan shall be
personal to such Participant, shall not be transferable (except by will or pursuant to
the laws of descent or distribution), and shall be exercisable, during his/her lifetime,
only by such Participant. 

	6.5 	Notice.
Any notice to be given pursuant to the provisions of the Plan shall be in writing and
directed to the appropriate recipient thereof at his/her business address or office
location. 

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	6.6  	Applicable
Law. This Plan shall be construed in accordance with the provisions of the laws of the
State of Wisconsin to the extent not preempted by Federal law. 

	6.7 	Elimination
of Bonus Banks. Prior to 2004, the Plan distributed earned bonuses over a three-year
period, with the unpaid amounts being credited to “at risk”accounts (Bonus
Banks), with the level of future payout contingent on continued employment. With the
policy change to a three-year Performance Period and lump sum payment of accrued bonuses,
no future additions will be made to the Bonus Banks. Any amounts in the Bonus Banks on
December 31, 2003 not forfeited pursuant to the terms of the Plan as in effect on that
date will be paid in accordance with such terms in early 2004 and the Bonus Banks will be
continued in existence through December 31, 2004. In 2005, any Participants actively
employed on December 31, 2004 or who during 2004 ceased employment for a reason specified
in the second sentence of Section 3.4 shall be paid the full amount of their remaining
Bonus Banks. 

ARTICLE VII  

Limitation 

	7.1 	No
Continued Employment. Nothing contained herein shall provide any Participant with any
right to continued employment or in any way abridge the rights of the Company to
determine the terms and conditions of employment and whether to terminate employment of
any Participant with or without cause at any time. 

	7.2 	No
Vested Rights. Except as otherwise provided herein, no Participant or other person
shall have any claim of right (legal, equitable, or otherwise) to any award, allocation,
or distribution and no officer or employee of the Company or any other person shall have
any authority to make representations or agreements to the contrary. No interest
conferred herein to a Participant shall be assignable or subject to claim by a Participant’s
creditors. The right of the Participant to receive a distribution hereunder shall be an
unsecured claim against the general assets of the Company, and the Participant shall have
no rights in or against any specific assets of the Company as the result of participation
hereunder. 

	7.3 	Not
Part of Other Benefits. The benefits provided in this Plan shall not be deemed a part
of any other benefit provided by the Company to its employees. The Company assumes no
obligation to Participants except as specified herein. This is a complete statement,
along with the Target Bonus components and other rules adopted from time to time by the
Committee, of the terms and conditions of the Plan. 

	7.4 	Other
Plans. Nothing contained herein shall limit the Company or the Committee’s power
to grant bonuses to employees of the Company, whether or not Participants in this Plan. 

	7.5 	Unfunded
Plan. This Plan is unfunded. Nothing herein shall create or be construed to create a
trust of any kind, or a fiduciary relationship between the Company and any Participant. 

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ARTICLE VIII  

Amendments 

	8.1  	Amendment.
This Plan may be amended or terminated at any time at the sole discretion of the
Committee. 

	8.2 	Protected
Benefits. Notwithstanding the foregoing, after the last day of an applicable
Performance Period, the Plan may not be amended or the Participants revised such that the
Participant receives less than the amount payable by the Plan for that Performance
Period. 

	8.3  	Notice.
Notice of any amendment or termination shall be given promptly to each Participant. 

ARTICLE IX  

2004 and 2005
Transition 

	9.1 	Notwithstanding
other provisions of the Plan, for the Performance Period commencing January 1, 2004,
special rules apply in order to transition from the pre-2004 provisions. 

	9.2 	For
calendar year 2004, for a Participant employed on December 31, 2004 or as otherwise
provided in Section 9.4, a bonus shall be calculated based on 2004 results and paid in
2005. For a Participant who becomes a Participant after January 1, 2004 but no later than
December 1, 2004, the award shall be prorated at the rate of 1/12 per month. 

	9.3 	For
calendar year 2005, for a Participant employed on December 31, 2005 or as otherwise
provided in Section 9.4, a bonus shall be calculated based on 2005 results and paid in
2006. For a Participant who becomes a Participant after January 1, 2005 but no later than
December 1, 2005, the award shall be prorated at the rate of 1/12 per month. 

	9.4 	Notwithstanding
the requirements in Sections 9.2 and 9.3 that the Participant be employed on the
applicable December 31, in certain instances a pro-rata bonus is available. If the
Participant’s employment is terminated on or after July 1 of the applicable calendar
year in circumstances which would satisfy the second sentence of Section 3.4, the Company
shall pay in cash within 30 days following termination of employment a prorata portion of
one-half of the Participant’s Target Bonus for the applicable year, such prorata
amount being 1/12 per month the person is both an eligible employee and a Participant. 

6BANTA CORPORATION
SUPPLEMENTAL
RETIREMENT PLAN FOR KEY EMPLOYEES 

COPY REFLECTING

AMENDMENTS EFFECTIVE JANUARY 1, 2005 

BANTA CORPORATION
SUPPLEMENTAL

RETIREMENT PLAN FOR KEY EMPLOYEES 

1.     Purpose of the Plan 

        The
purpose of this Banta Corporation Supplemental Retirement Plan for Key Employees
(hereinafter referred to as the “Supplemental Plan”) is to provide retirement
income to Eligible Employees. It is intended that the benefits provided hereunder,
together with benefits paid under the tax-qualified pension plans maintained by the
Employers, will provide Eligible Employees with total retirement benefits consistent with
current trends in retirement pay planning, and thus better enable the Employers to attract
and retain the key management personnel upon whose efforts the continued successful and
profitable operation of their businesses depend. 

2.     Effective Date 

        The
Supplemental Plan became effective as of January 1, 1980. 

3.     Definitions 

        The following
terms used herein shall have the same meanings as the similar terms defined by the Banta
Corporation Employees Pension Plan (hereinafter referred to as the “Retirement
Plan”): 

	 	
(a)    Average Monthly Compensation 

(b)    Compensation 

(c)    Corporation 

(d)    Disability

(e)    Employer 

(f)    Normal Retirement Date 

The term “Committee” shall
mean the Compensation Committee of the Board of Directors of the Corporation or a
successor committee having the same purpose. Notwithstanding the foregoing, for purposes
of this Supplemental Plan, “Compensation” and “Average Monthly
Compensation” shall be: 

          	 	(i) 	
               deemed to include any non-deferred bonuses paid after December 31, 1996 to
               the extent described below; 

               

          	 	(ii) 	
               deemed to include any amounts not otherwise included therein or taken into
               account in the calculation thereof which the Eligible Employee would have
               received for such period and included in the definition but for his election to
               defer such amount pursuant to a plan of deferral offered by the Corporation; and 

               

          	 	(iii) 	
               calculated without regard to the limitations imposed by Section 401(a)(17) of
               the Internal Revenue Code of 1986 on the amount of compensation that may be
               taken into account by plans qualifying under such Section. 

               

        The
bonuses considered under (i) above shall be bonuses paid after December 31, 1996
(including the bonus earned in 1996) under the Banta Corporation Management Incentive
Award Plan (effective prior to 1998), the Banta Corporation Economic Profit (EP) Incentive
Compensation Plan (effective 1998 through 2003), the Banta Corporation Short-Term
Incentive Plan (effective 2004) or any successor to such annual bonus plan. Bonuses that
are considered shall be deemed to be “Compensation” for the year in which such
bonus was earned (not paid), allocated pro rata over the applicable twelve (12) or fewer
months of employment in the year to which the bonus relates. Any portion of a bonus which
was banked prior to 2004 shall be considered to the same extent as bonuses that are paid
in cash immediately. 

        The
following terms shall have the meanings set forth below: 

	 	
“Qualified
Plan Benefits” means an Eligible Employee’s aggregate benefits accrued under the
terms of the Retirement Plan (or any successor to such Plan) and any other tax-qualified
defined benefit pension plan to which an Employer contributes, stated as a benefit payable
in the form of a single life annuity commencing on his Normal Retirement Date. 

	 	
“Eligible
Employee” means an employee of an Employer who: (i) has been approved for
participation in this Supplemental Plan by the Committee; and (ii) has entered into an
agreement with the Corporation calling for his participation herein. 

	 	
“Credited
Service” means the Eligible Employee’s years and fractional portions thereof of
Credited Service accumulated under the terms of the Retirement Plan plus, for an Eligible
Employee whose employment is terminated on account of a Disability, the period of such
Disability prior to his Normal Retirement Date which is not counted as Credited Service
under the Retirement Plan, if any. 

4.     Administration 

        The
Supplemental Plan shall be administered by the Committee. The Committee shall have the
discretionary authority to construe and interpret the terms of the Supplemental Plan, to
promulgate and revise rules and regulations relating to the Supplemental Plan and to make
any other determinations which it deems necessary or advisable for the administration
thereof. Decisions and determinations by the Committee shall be final and binding on all
parties, unless arbitrary and capricious. 

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5.     Supplemental
Retirement Benefits Formula 

        An
Eligible Employee’s accrued monthly benefit under this Supplemental Plan shall be
equal to (i) below less (ii) below: 

          	 	(i) 	
               2.5% of Average Monthly Compensation multiplied by his years of Credited Service
               to a maximum of 20 years; minus 

               

          	 	(ii) 	
               the amount of his Qualified Plan Benefits. 

               

The accrued benefit shall be
initially determined as of the date the Eligible Employee’s first monthly benefit is
paid under the terms of the Retirement Plan and shall be redetermined, as necessary, after
any applicable bonus determination is made. In no event shall (i) above be less than the
December 31, 2004 calculation of the sum of (i) and (ii) under the terms of Paragraph 5 of
the Supplemental Plan as it was in effect on December 31, 2004. 

        Notwithstanding
the preceding paragraph, in no event shall the benefits payable to Eligible Employee Rule
be less than the benefits that such Eligible Employee would have received using the terms
of the Supplemental Plan as in effect prior to 2005. For minimum benefit, the formula is
the sum of (i) and (ii) below, less (iii) below: 

          	 	(i) 	
               2.5% of Average Monthly Compensation multiplied by his years of Credited Service
               to a maximum of 10 years; 

               

          	 	(ii) 	
               1.5% of his Average Monthly Compensation multiplied by his years of Credited
               Service in excess of 10 years to a maximum of 25 such years; minus 

               

          	 	(iii) 	
               the amount of his Qualified Plan Benefits. 

               

Further for such minimum benefit, the
bonuses considered under paragraph (i) of the special definition for
“Compensation” and “Average Monthly Compensation” under Paragraph 3
above shall also include, besides the annual bonuses, bonuses paid after December 31, 1996
(including the bonus earned in 1996) under the Banta Corporation Long Term Incentive Plan
(effective prior to 1998), the Banta Corporation Economic Profit (EP) Long-Term Incentive
Compensation Plan (effective 1998 through 2003), the Banta Corporation Long-Term Incentive
Plan (effective 2004) or any successor to such plan. Bonuses under the Banta Corporation
Long-Term Incentive Plan shall be allocated pro rata over the thirty-six (36) month period
(or shorter period in the event of termination) to which the bonus relates; provided,
however, that for the 2004-2006 performance period for the 2004 award, the bonus paid in
2005 for 2004 shall be allocated solely to 2004, the bonus paid in 2006 for 2005 shall be
allocated solely to 2005, and the bonus paid in 2007 based on performance in 2006 shall be
allocated solely to 2006. 

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6.     Eligibility For and
Form and Timing of Benefits 

         (a)       
          Except for the benefits described in subparagraphs (c) and (d) of this
          Paragraph, no benefits shall be payable under this Plan on account of an
          Eligible Employee, unless: 

          	 	(i) 	
               Such Eligible Employee or his spouse becomes entitled to benefits under the
               Retirement Plan; and 

               

          	 	(ii) 	
               Such Eligible Employee shall have met one of the following requirements as of
               the date his employment terminates: 

               

	 	(A) 	Completion
of 10 years of continuous service after the date of his agreement to
          participate in the SERP;  

	 	(B)  	              Completion
of 5 years of continuous service after the date of his agreement to
               participate in the SERP and attainment of age 57;  

	 	(C)  	               Attainment
of age 65; or  

	 	(D)  	            Death
while employed with the Employers. 

         (b)       
          The benefits computed under Paragraph 5 shall be paid to the Eligible Employee
          (and/or his spouse or other contingent annuitant or beneficiary) at such times
          and in such form and amounts as if such benefits were accrued under the
          Retirement Plan (including reductions for early commencement and form of
          benefits under said Retirement Plan). Elections made under the Retirement Plan
          as to the form and timing of benefit payments shall also apply to benefits under
          this Supplemental Plan. 

         (c)       
          In the event of the death of an Eligible Employee while actively employed by an
          Employer or during a period of Disability counted as Credited Service hereunder,
          but prior to the date on which his spouse would be eligible to receive any
          current or future benefits under the Retirement Plan, his surviving spouse, if
          any, shall be entitled to monthly benefits for life under this Supplemental Plan
          equal to the benefits that would have been payable pursuant to subparagraph (b)
          if (i) the Eligible Employee had sufficient years of vesting service under the
          Retirement Plan for a deferred vested benefit, (ii) without any change in his
          accrued benefit, and (iii) provided that clause (iii) in Paragraph 5 shall not
          apply. 

         (d)       
          If an Eligible Employee’s employment is terminated on account of a
          Disability and either (i) such Disability continues to his Normal Retirement
          Date, or (ii) at the cessation of such Disability such Eligible Employee has
          accumulated at least 10 years of Credited Service, then such Eligible Employee
          shall be entitled to benefits hereunder commencing on his Normal Retirement
          Date. The amount of such benefits shall be the amount calculated under Paragraph
          5 above, provided that clause (iii) thereof shall apply only if and to the
          extent the Eligible Employee is entitled to receive Qualified Plan Benefits.
          Such benefits shall be paid as provided in subparagraph (b) of this Paragraph. 

4 

7.     Employees Not Covered
under the Retirement Plan 

        In
the event that the Committee determines to add an Employee to participation in this
Supplemental Plan who is not, and is not expected to become, a participant in the
Retirement Plan, various provisions of this document will not be able to be applied by
their terms because of their reliance on the operations of the Retirement Plan. In any
such circumstance, the Committee shall provide in the participation agreement for the
specific provisions required to identify the Employee’s potential benefits under this
Supplemental Plan, including but not limited to the definitions of compensation and
credited service to be used for the benefit formula, the manner of determining the form
and commencement of benefits, and the identity of any plan or plans whose benefits will be
an offset hereunder. Any such provisions of in a participation agreement for an Employee
not eligible for participation in the Retirement Plan shall be deemed to be an amendment
to this Supplemental Plan for purposes of such Employee without further action by the
Board of Directors of the Corporation. 

8.     Effect of Change in
Employment Status and Reemployment 

         (a)       
          In the event an Eligible Employee (who is approved for participation herein on
          or after January 1, 1984) is transferred to a position with the Employer in
          which he is not an Eligible Employee as defined herein, such former Eligible
          Employee shall be entitled to benefits hereunder if at the time of his actual
          termination of employment with the Employers he has satisfied the conditions of
          Paragraph 6(a) or (d). The amount of such benefits shall be calculated under
          Paragraph 5 on the basis of his Average Monthly Compensation and Credited
          Service as of the date such transfer occurred, reduced by the amount of his
          Qualified Plan Benefit calculated as of that date but adjusted for any increase
          in Qualified Plan Benefits resulting from subsequent amendments to the
          Retirement Plan. 

         (b)       
          In the event that an Eligible Employee terminates employment with the Employers,
          the rights to benefits under this Supplemental Plan shall be determined as of
          such termination of employment. If such person is reemployed by an Employer,
          participation in this Supplemental Plan shall not be automatic, but shall occur
          only in accordance with the new approval of the Committee and a new
          participation agreement making the Employee and Eligible Employee. 

9.     Nature of Benefit 

        Eligible
Employees who are entitled to benefits hereunder have the status of general unsecured
creditors of the Employers. The Supplemental Plan constitutes a mere promise by the
Employers to make benefit payments in the future as provided herein. It is intended that
the Supplemental Plan be unfunded for tax purposes and for purposes of Title I of the
Employee Retirement Income Security Act of 1974, as amended. 

5 

10.     Non-Alienation of
Payments 

        Benefits
payable under the Supplemental Plan shall not be subject in any manner to alienation,
sale, transfer, assignment, pledge, attachment, garnishment, anticipation or encumbrance
of any kind, by will, or by inter vivos instrument. Any attempt to alienate, sell,
transfer, assign, pledge, anticipate or otherwise encumber any such benefit payment,
whether currently or thereafter payable, shall not be recognized by the Committee or the
Corporation. Any benefit payment due hereunder shall not in any manner be liable for or
subject to the debts or liabilities of any Eligible Employee or other person entitled
thereto hereunder. If any such person shall attempt to alienate, sell, transfer, assign,
pledge, anticipate or encumber any benefit payments to be made to that person under the
Supplemental Plan or any part thereof, or if by reason of such person’s bankruptcy or
other event happening at any time, such payments would devolve upon anyone else or would
not be enjoyed by such person, then the Committee in its discretion, may terminate such
person’s interest in any such benefit payment, and hold or apply it to or for the
benefit of that person, the spouse, children or other dependents thereof, or any of them,
in such manner as the Committee deems proper. 

11.     Limitation of Rights
Against the Employers 

        Participation
in this Supplemental Plan, or any modifications thereof, or the payments of any benefits
hereunder, shall not be construed as giving to any person any right to be retained in the
service of the Employers, limiting in any way the right of the Employers to terminate such
person’s employment at any time, evidencing any agreement or understanding that the
Employers will employ such person in any particular position or at any particular rate of
compensation or guaranteeing such person any right to receive any other form or amount of
remuneration from the Employers. 

12.     Applicable Laws 

        The
Supplemental Plan shall be construed, administered and governed in all respects under and
by the laws of the State of Wisconsin to the extent not preempted by federal law. 

13.     Liability 

        Neither
the Employers nor any shareholder, director, officer or other employee of the Employers or
any other person shall be liable for any act or failure to act hereunder except for gross
negligence or fraud. 

6 

14.     Amendment or
Termination 

         (a)       
          The Corporation, by action of its board of directors, reserves the right to
          amend or modify this Supplemental Plan at any time, provided that no such
          amendment or modification shall adversely affect an Eligible Employee’s
          right to benefits hereunder without his written consent, unless the Corporation
          shall have substituted therefor an equivalent amount of immediate or deferred
          compensation under some other plan, program or individual agreement with the
          Eligible Employee. 

         (b)       
          It is understood that an Eligible Employee’s entitlement to benefits under
          this Supplemental Plan may be automatically reduced as the result of an increase
          in his Qualified Plan Benefits. Nothing herein shall be construed in any way to
          limit the right of the Corporation to amend or modify the Retirement Plan or any
          other employee benefit plan in its sole discretion. 

7

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