Document:

GP Outside Directors Stock Option Plan

 
EXHIBIT
10.7(ii) 
 
GEORGIA-PACIFIC CORPORATION

OUTSIDE DIRECTOR STOCK OPTION PLAN 
 
 

 
TABLE OF
CONTENTS 
 

	  	  	  	  	  	  	  	  	   	  PAGE

	
	  1. PURPOSE
	   	  1

	
	  2. DEFINITIONS
	   	  1

	  	  	  	  	  (a
	  )
	  	  Board
	   	  1

	  	  	  	  	  (b
	  )
	  	  Change of control
	   	  1

	  	  	  	  	  (c
	  )
	  	  Committee
	   	  1

	  	  	  	  	  (d
	  )
	  	  Common Stock
	   	  1

	  	  	  	  	  (e
	  )
	  	  Company
	   	  1

	  	  	  	  	  (f
	  )
	  	  Effective Date
	   	  1

	  	  	  	  	  (g
	  )
	  	  Fair Market Value
	   	  1

	  	  	  	  	  (h
	  )
	  	  Non-Qualified Stock Option
	   	  2

	  	  	  	  	  (i
	  )
	  	  Option
	   	  2

	  	  	  	  	  (j
	  )
	  	  Option Agreement
	   	  2

	  	  	  	  	  (k
	  )
	  	  Outside Director
	   	  2

	  	  	  	  	  (l
	  )
	  	  Plan
	   	  2

	  	  	  	  	  (m
	  )
	  	  Plan Year
	   	  2

	  	  	  	  	  (n
	  )
	  	  Subsidiary
	   	  2

	
	  3. STOCK SUBJECT TO THE PROVISIONS OF THIS PLAN;
LIMITATIONS
	   	  2

	  	  	  	  	  (a
	  )
	  	  Applicable Stock
	   	  2

	  	  	  	  	  (b
	  )
	  	  Plan Limitations
	   	  2

	  	  	  	  	  (c
	  )
	  	  Individual Limitations
	   	  2

	  	  	  	  	  (d
	  )
	  	  Calculation Procedures
	   	  2

	
	  4. STOCK OPTION GRANTS
	   	  3

	
	  5. OTHER TERMS AND CONDITIONS
	   	  3

	  	  	  	  	  (a
	  )
	  	  Prohibition on Transfer
	   	  3

	  	  	  	  	  (b
	  )
	  	  Designation of Beneficiaries
	   	  3

	  	  	  	  	  (c
	  )
	  	  Option Agreement
	   	  4

	  	  	  	  	  (d
	  )
	  	  Rights as a Shareholder
	   	  4

	  	  	  	  	  (e
	  )
	  	  No Obligation to Exercise
	   	  4

	  	  	  	  	  (f
	  )
	  	  Payments by Outside Directors
	   	  4

	  	  	  	  	  (g
	  )
	  	  Tax Withholding
	   	  4

	  	  	  	  	  (h
	  )
	  	  Restrictions on Exercise
	   	  5

	  	  	  	  	  (i
	  )
	  	  Surrender of Options
	   	  5

	  	  	  	  	  (j
	  )
	  	  Additional Options Upon Exercise
	   	  5

	  	  	  	  	  (k
	  )
	  	  Requirements of Law
	   	  5

	  	  	  	  	  (l
	  )
	  	  Non-Exclusivity of the Plan
	   	  6

	  	  	  	  	  (m
	  )
	  	  Unfunded Plan
	   	  6

	  	  	  	  	  (n
	  )
	  	  Legends
	   	  6

 

	  	  	  	  	  (o)
	  	  Deferred Transfer of Shares Upon Exercise of Options
	   	  6

	
	  6. PLAN ADMINISTRATION
	   	  6

	  	  	  	  	  (a)
	  	  Committee as Plan Administrator
	   	  6

	  	  	  	  	  (b)
	  	  Delegation
	   	  6

	  	  	  	  	  (c)
	  	  Determinations Final
	   	  6

	
	  7. AMENDMENTS AND TERMINATION
	   	  7

	  	  	  	  	  (a)
	  	  Authority to Amend or Terminate
	   	  7

	  	  	  	  	  (b)
	  	  Options Previously Granted
	   	  7

	  	  	  	  	  (c)
	  	  Limitations
	   	  7

	
	  8. CORPORATE RESTRUCTURING
	   	  7

	  	  	  	  	  (a)
	  	  No Bar to Corporate Restructuring
	   	  7

	  	  	  	  	  (b)
	  	  Capital Readjustments/Option Modifications
	   	  8

	
	  9. NO RIGHT TO REELECTION
	   	  8

	
	  10. CHANGE OF CONTROL
	   	  8

	  	  	  	  	  (a)
	  	  Special Rights Upon Change of Control
	   	  8

	  	  	  	  	  	  	  (i)    Lapse of Restrictions; Acceleration of Exercise and/or
Vesting
	   	  8

	  	  	  	  	  	  	  (ii)   Election of Cash or Stock Distribution
	   	  9

	  	  	  	  	  	  	  (iii)  Options Non-Cancellable
	   	  9

	  	  	  	  	  (b)
	  	  Definition of “Change of Control
	   	  9

	  	  	  	  	  	  	  (i)     Acquisition of Stock
	   	  9

	  	  	  	  	  	  	  (ii)   Change in Board Membership
	   	  10

	  	  	  	  	  	  	  (iii)  Shareholder-Approved Reorganization, Merger or
Consolidation
	   	  10

	  	  	  	  	  	  	  (iv)   Liquidation or Dissolution
	   	  11

	
	  11. GOVERNING LAW
	   	  11

	
	  12. CAPTIONS
	   	  11

	
	  13. RESERVATION OF SHARES
	   	  11

	
	  14. SAVINGS CLAUSE
	   	  11

	
	  15. EFFECTIVE DATE AND TERM
	   	  12

 

ii 

 
GEORGIA-PACIFIC
CORPORATION 
OUTSIDE DIRECTOR STOCK OPTION PLAN 
 
1. PURPOSE 
 
The purpose of the Plan is to help the Company attract and retain well qualified individuals as Outside Directors (as defined below) and
to align their interests more closely with the interests of the Company’s other shareholders through annual grants of stock options to each Outside Director. 
 
2. DEFINITIONS 
 
The following words and phrases shall have the following meanings unless a different meaning is plainly required by the context:

 
(a) Board. “Board” means the
Board of Directors of the Company. 
 
(b) Change
of Control. “Change of Control” shall have the meaning specified in Section 10(b). 
 
(c) Committee. “Committee” means the Executive/Governance Committee of the Board of Directors of the Company, as constituted from time to time, or such subcommittee of that body as the
Executive/Governance Committee shall specify to act for the Executive/Governance Committee with respect to this Plan. 
 
(d) Common Stock. “Common Stock” means the Company’s common stock, par value $0.80 per share. 
 
(e) Company. “Company” means Georgia-Pacific
Corporation, a Georgia corporation headquartered in Atlanta, Georgia. 
 
(f) Effective Date. “Effective Date” means the effective date of this Plan as defined in Section 15. 
 
(g) Fair Market Value. “Fair Market Value” means, on any date, the mean between the high and low sales prices of a share
of Common Stock on that date as reported in The Wall Street Journal, New York Stock Exchange—Composite Transactions, or as reported in any successor quotation system adopted prospectively for this purpose by the Committee, in its discretion. 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 Common Stock on the next preceding trading date. The Fair Market Value of the
Stock shall be rounded to the nearest whole cent (with 0.5 cent being rounded to the next higher whole cent). 
 

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(h)
Non-Qualified Stock Option. “Non-Qualified Stock Option” means an Option which is not intended to satisfy the requirements of Section 422 of the Internal Revenue Code or any successor section as it may be amended from time to time.

 
(i) Option. “Option” means a
right to buy a specified number of shares of Common Stock at a fixed price during a specified time, and subject to such other terms and conditions. 
 
(j) Option Agreement. “Option Agreement” means a written agreement entered into between the Company and the Outside
Director setting forth the terms and conditions of an Option granted to such Outside Director under this Plan, in the form prescribed by the Committee. 
 
(k) Outside Director. “Outside Director” means a member of the Board of Directors of the Company who is not an employee
of the Company or a Subsidiary. 
 
(l) Plan.
“Plan” means the Georgia-Pacific Corporation Outside Director Stock Option Plan as described in this plan document. 
 
(m) Plan Year. “Plan Year” means the calendar year. 
 
(n) Subsidiary. “Subsidiary” means any corporation or other entity, whether domestic or
foreign, in which the Company has or obtains, directly or indirectly, a proprietary interest of more than 20% by reason of stock ownership or otherwise. 
 
3. STOCK SUBJECT TO THE PROVISIONS OF THIS PLAN; LIMITATIONS 
 
(a) Applicable Stock. The stock subject to the provisions of this Plan shall either be shares of
authorized but unissued Common Stock, shares of Common Stock held as treasury stock or previously issued shares reacquired by the Company, including shares purchased on the open market. 
 
(b) Plan Limitations. Subject to adjustment in accordance with the provisions of Sections 3(d) and 8,
the total number of shares of Common Stock with respect to which Options may be granted under this Plan may not exceed 250,000. 
 
(c) Individual Limitations. Subject to adjustment in accordance with Section 8, and subject to Section 3(b), the total number of
shares of Common Stock with respect to which Options may be granted under the Plan to any Outside Director shall not exceed one percent (1%) of the Company’s outstanding shares, determined as of the Effective Date. 
 
(d) Calculation Procedures. For purposes of calculating
the total number of shares of Common Stock available under this Plan for grants of Options, (i) the grant of an Option shall be deemed to be equal to the maximum number of shares of Common 
 

2 

 
Stock which may be issued
under the Option and (ii) subject to the provisions of Sections 3(b) and 3(c), there shall again be available for Options under this Plan all of the following: (A) shares of Common Stock represented by Options which have been cancelled, forfeited,
surrendered or terminated or which expire unexercised; (B) the number of shares of Common Stock delivered in full or partial payment of the exercise price of any Option granted under this Plan; provided, however, that shares so delivered by an
Outside Director in full or partial payment of the exercise of his/her Option shall not reduce the number of Options granted to the Outside Director in any Plan Year for purposes of Section 3(c). 
 
4. STOCK OPTION GRANTS 
 
Subject to the provisions of this Plan, each Outside Director
shall receive an annual Option grant for a number of shares of Common Stock with a total value of $40,000, as determined by the Committee using the Black-Scholes valuation method. Such Options shall be Non-Qualified Stock Options. The exercise price
for an Option may not be less than 100% of the Fair Market Value of the Common Stock on the grant date. Each Option granted under this Plan shall be subject to the provisions of this Plan and the applicable Option Agreement. 
 
5. OTHER TERMS AND CONDITIONS 
 
(a) Prohibition on Transfer. An Option shall be
nontransferable and may not be sold, hypothecated, assigned, anticipated, alienated, commuted, pledged, encumbered or otherwise conveyed by an Outside Director (whether voluntarily or involuntarily) to any party, nor may any Option be subject to
attachment or garnishment by any creditor or an Outside Director; provided that in the event of the incapacity (as determined by the Committee) or death of the Outside Director (but subject to Section 5(n) of this Plan), his/her attorney-in-fact
pursuant to a valid power of attorney giving general or specific authority to make elections with respect to outstanding Options, his/her court-appointed guardian or the custodian of his/her affairs or the executor or administrator of his/her estate
(as the case may be) may exercise any rights with respect to any vested Option that the Outside Director could have exercised if he/she were still alive or not incapacitated. No assignment or transfer of any Option or the rights represented thereby,
whether voluntary, involuntary, or by operation of law or otherwise, except by will or the laws of descent and distribution, shall vest in the assignee or transferee any interest or right herein whatsoever, and immediately upon any attempt to assign
or transfer an Option, the Option shall terminate and be of no force or effect. Notwithstanding anything in this Section 5(a) to the contrary, the Committee in its sole discretion may (but need not) permit transfers of Options in other situations
where the Committee concludes that such transferability (A) does not result in accelerated taxation, and (B) is otherwise appropriate and desirable, taking into account the impact on the Outside Director and the Company of applicable tax laws and/or
securities laws as applied to transferable Options. 
 

3 

 
(b)
Designation of Beneficiaries. Notwithstanding anything in Section 5(a) to the contrary, an Outside Director may designate a person or persons to receive, in the event of his death, any rights to which he would be entitled under an Option
granted under this Plan (to the extent permitted under the applicable Option Agreement). A beneficiary designation may be changed or revoked by an Outside Director at any time by filing a written statement of such change or revocation with the
Company. Such a designation (or modification of designation) shall be made in writing, and filed with the office of the Company designated in the Option Agreement. If an Outside Director fails to designate a beneficiary, then Section 5(a) will
apply. 
 
(c) Option Agreement. Options made
pursuant to the Plan shall be evidenced by Option Agreements in such form as the Committee shall, from time to time, approve, provided that such agreements shall comply with, reflect and be subject to all the terms of this Plan. The Option Agreement
will state the characteristics of the Option and all terms and conditions applicable to the Option, provided that the provisions of this Plan which apply to an Option Agreement will be deemed incorporated in such agreement regardless of whether they
are specifically reiterated in the text of the Option Agreement. Whenever an Outside Director is granted an Option under this Plan, the Committee shall have the responsibility to provide to the designated Outside Director an Option Agreement
governing the particular Option executed on behalf of the Company and, if one has not been supplied previously, a copy of this Plan. 
 
(d) Rights as a Shareholder. Except as otherwise specifically provided in this Plan or in any Option Agreement, an Outside Director
shall have no rights as a shareholder with respect to shares of Common Stock covered by an Option until the date the Outside Director is the holder of record of such shares. 
 
(e) No Obligation to Exercise. The grant of an Option shall impose no obligation upon the Outside
Director to exercise the Option. 
 
(f) Payments
by Outside Directors. No payments or contributions are required to be made by Outside Directors in this Plan other than such payments as may be required under an applicable Option Agreement, as specified by the Committee. The Committee may
determine that Options for which a payment is due from an Outside Director may be payable: (i) in U. S. dollars by personal check, bank draft or money order payable to the order of the Company, by money transfers or direct account debits; (ii)
through the delivery or deemed delivery based on attestation to the ownership of shares of Common Stock with a Fair Market Value on the date of delivery to the Company equal to the total payment due from the Outside Director; (iii) by a combination
of the methods described in (i) and (ii) above; or (iv) by such other methods as the Committee may deem appropriate. If shares of Common Stock are to be used in payment pursuant to an Option and such shares were acquired upon the exercise of a stock
option (whether or not granted under this Plan), such shares must have been held by the Outside Director for at least six months. 
 

4 

 
(g) Tax
Withholding. The Company shall have the power and the right to deduct or withhold, or require an Outside Director to remit to the Company, an amount sufficient to satisfy federal, state and local taxes required to be withheld with respect to an
Option or any dividends or other distributions payable with respect thereto. The Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit an Outside Director to satisfy such tax withholding
obligation, in whole or in part, by (i) electing to have the Company withhold otherwise deliverable shares of Common Stock having a Fair Market Value not exceeding the minimum amount required to be withheld, (ii) delivering to the Company shares of
Common Stock then owned by the Outside Director or (iii) such other methods as the Committee may deem appropriate. If shares of Common Stock are to be used in payment of such taxes and such shares were acquired upon the exercise of a stock option
(whether or not granted under this Plan), such shares must have been held by the Outside Director for at least six months. The amount of the withholding obligation satisfied by shares of Common Stock withheld or delivered shall be the Fair Market
Value of such shares determined as of the date that the taxes are required to be withheld. 
 
(h) Restrictions on Exercise. No Option may be exercisable on or after the date which is the tenth anniversary of the date such Option was granted. 
 
(i) Surrender of Options. The Committee, in its sole
discretion, may incorporate one or more provisions in any Option granted under this Plan to allow an Outside Director to surrender his/her Option in whole or part in lieu of the exercise of all or part of that Option or in payment of any amounts due
the Company upon the exercise of such Option. Such provision(s) may specify that the Committee may authorize such surrender after the grant, but before the exercise, of any such Option. 
 
(j) Additional Options Upon Exercise. The Committee, in its sole discretion, may incorporate in any
Option granted under this Plan a provision which requires the automatic grant of a new Option under this Plan (subject to the terms and limitations of this Plan) to any Outside Director who delivers shares of Common Stock as full or partial payment
of the exercise price of the original Option. Any new Option granted in such a case (i) will be for the same number of shares of Common Stock as the Outside Director delivered in exercising the original Option, (ii) will have an exercise price equal
to 100% of the Fair Market Value of the delivered shares on the date of such delivery (which shall be deemed to be the grant date for such new Option) and (iii) will have a term equal to the unexpired term of the original Option. 
 
(k) Requirements of Law. The granting of Options and
the issuance of shares of Common Stock upon the exercise of Options shall be subject to all applicable requirements imposed by federal and state securities and other laws, rules and regulations and by any regulatory agencies having jurisdiction, and
by any stock exchanges upon which the Common Stock may be listed. As a condition precedent to the issuance of shares of Common Stock pursuant to the grant or exercise of an Option, the Company may require the Outside Director to take any reasonable
action to meet such requirements. 
 

5 

 
(l)
Non-Exclusivity of the Plan. The adoption of the Plan by the Board shall not be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable, including, without
limitation, the granting of stock options and the awarding of stock and cash otherwise than under the Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 
 
(m) Unfunded Plan. Neither the Company nor any
Subsidiary shall be required to segregate any cash or any shares of Common Stock which may at any time be represented by Options, and the Plan shall constitute an “unfunded” plan of the Company. Neither the Company nor any Subsidiary
shall, by any provisions of the Plan, be deemed to be a trustee of any Common Stock or any other property, and the liabilities of the Company and any subsidiary to any Outside Director pursuant to the Plan shall be those of a debtor pursuant to such
contract obligations as are created by or pursuant to the Plan, and the rights of any Outside Director, former director or beneficiary under the Plan shall be limited to those of a general creditor of the Company or the applicable Subsidiary, as the
case may be. In its sole discretion, the Board may authorize the creation of trusts or other arrangements to meet the obligations of the Company under the Plan, provided, however, that the existence of such trusts or other arrangements shall be
consistent with the unfunded status of the Plan. 
 
(n) Legends. Each certificate evidencing Common Stock subject to an Option shall bear such legends as the Committee deems necessary or appropriate to reflect or refer to any terms, conditions or restrictions of the Option
applicable to such shares, including, without limitation, any to the effect that the shares represented thereby may not be disposed of unless the Company has received an opinion of counsel, acceptable to the Company, that such disposition will not
violate any federal or state securities laws. 
 
(o) Deferred Transfer of Shares Upon Exercise of Options. The Committee may determine, either at the time of grant of an Option or later, whether, and to what extent and under what circumstances, the transfer of shares
issuable in connection with the exercise of an Option may be deferred at the election of the affected Outside Director. 
 
6. PLAN ADMINISTRATION 
 
(a) Committee as Plan Administrator. This Plan shall be administered by the Committee. Except as otherwise required by law or this
Plan, the grant terms of Options including vesting schedules, price, restriction or option period, dividend rights, post-retirement and termination rights, payment alternatives such as cash, stock, contingent awards or other means of payment
consistent with the purposes of this Plan, and such other terms and conditions as the Committee deems appropriate. Except as otherwise expressly required by this Plan, the Committee shall have the complete authority and absolute discretion to
interpret and construe the provisions of this Plan and the Option Agreements and make determinations pursuant to any Plan provision or Option 
 

6 

 
Agreement which shall be final
and binding on all persons. No member of the Committee shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of this Plan unless attributable to the member’s own willful
misconduct or lack of good faith. 
 
(b)
Delegation. The Committee, in its sole discretion and on such terms and conditions as it may provide, may delegate all or any part of its authority and powers under this Plan to one or more directors or officers of the Company; provided,
however, that the Committee may not delegate its authority and powers to grant or adjust Options under this Plan. 
 
(c) Determinations Final. All determinations and decisions made by the Committee, the Board and any delegate of the Committee
appointed in accordance with Section 6(b) shall be final, conclusive, and binding on all persons, and shall be given the maximum deference permitted by law. 
 
7. AMENDMENTS AND TERMINATION 
 
(a) Authority to Amend or Terminate. Except as otherwise provided in this Plan, the Board may at any time terminate and, from time
to time, may amend or modify this Plan. Any such action of the Board may be taken without the approval of the Company’s shareholders. 
 
(b) Options Previously Granted. At any time and from time to time, the Committee may amend, modify or terminate any outstanding
Option without approval of the Outside Director; provided, however that such amendment, modification or termination shall not, without the Outside Director’s consent, reduce or diminish the value of such Option determined as if the Option had
been vested, exercised, cashed in or otherwise settled on the later of the effective date or execution date of such amendment or termination; and provided further that, except as otherwise provided in Section 8 of this Plan, the exercise price of
any Option under this Plan may not be reduced and the term of any Option under this Plan may not be extended. 
 
(c) Limitations. Notwithstanding the foregoing: (i) no amendment may, without the approval of the shareholders of the Company,
increase the grant limitations under Section 3(c) of this Plan; and (ii) no amendment, modification or termination shall in any manner adversely affect an Outside Director’s rights under any Options theretofore granted to an Outside Director
under this Plan without the consent of such Outside Director. 
 
8. CORPORATE RESTRUCTURING 
 
(a)
No Bar to Corporate Restructuring. The existence of this Plan or outstanding Option under this Plan shall not affect in any way the right or power of the Company or its shareholders (i) to make or authorize any and all adjustments,

 

7 

 
recapitalizations,
reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, (ii) to issue bonds, debentures, preferred or preference stocks ahead of or affecting the Common Stock or the
rights thereof, to dissolve or liquidate the Company, (iii) to sell or transfer all or part of its assets or business or (iv) to effect any other corporate act or proceeding, whether of a similar character or otherwise. 
 
(b) Capital Readjustments/Option Modifications. The
Options under this Plan involving Common Stock will be made in shares of the Common Stock as constituted on the date the Option is granted, but shares of stock actually issued in connection with an Option shall reflect the adjustments (if any) with
respect to the Common Stock in connection with such Option contemplated in this Section 8(b). In the event of any merger, reorganization, consolidation, recapitalization, stock dividend, stock split, or extraordinary distribution with respect to the
Common Stock or other change in corporate structure affecting the Common Stock, the Committee shall have the authority to make such substitution or adjustments in the aggregate number and kind of shares reserved for issuance under the Plan, in the
maximum number of shares which may be granted in any calendar year and in the number, kind and exercise price of shares subject to outstanding Options and/or such other equitable substitution or adjustments as it may determine in its sole discretion
to be appropriate to ensure that all Outside Directors are treated equitably as a result of any such event. Any such adjustment may provide for the elimination of fractional shares. Any shares accruing to outstanding Options as a result of any
adjustment under this Section 8(b) will be subject to the same restrictions (and have the same terms and conditions) as the Options to which they accrue. 
 
9. NO RIGHT TO REELECTION 
 
No person shall have any claim or right to be granted an Option, and the grant of an Option shall not be construed to create any
obligation on the part of the Board to nominate any of its members for reelection by the Company’s shareholders. Nothing in this Plan shall interfere with or limit in any way the right of the Board to remove the Outside Director from the Board
at any time, nor confer upon any Outside Director any right to remain a member of the Board for any period of time, or at any particular rate of compensation. 
 
10. CHANGE OF CONTROL 
 
(a) Special Rights Upon Change of Control. Notwithstanding anything contained in this Plan or any Option Agreement to the contrary,
in the event of a Change of Control, as defined below: 
 

	  	 (i)	  	 Lapse of Restrictions; Acceleration of Exercise and/or Vesting. All restrictions relating to the exercise or vesting of any Option shall automatically lapse
and any time periods relating to the exercise or vesting of any Option shall automatically be accelerated 

 

8 

 so that all such Options may be immediately exercised and shall be vested in full
immediately before the date of such  Change of Control. 
 

	  	 (ii)	  	 Election of Cash or Stock Distribution. The Committee may, in its sole discretion, at any time before or after any Option is made or granted, provide that
upon exercise or vesting of an Option during the 60-day period from and after the date of a Change of Control, the Outside Director may, in lieu of the receipt of Common Stock upon the exercise or vesting of any Option, elect by written notice to
the Company to receive an amount in cash equal to the excess, if any, of the aggregate Value (as defined below) of the shares of Common Stock covered by the Option or portion thereof surrendered determined on the date the Option is exercised or
vested (as the case may be), over the aggregate exercise price of the Option, if any. As used in this Section 10(a)(ii) the term “Value” means the higher of (i) the highest Fair Market Value during the 60-day period from and after the date
of a Change of Control and (ii) if the Change of Control is the result of a transaction or series of transactions described in paragraphs (i) or (iii) of Section 10(b), the highest price per share of the Common Stock paid in such transaction or
series of transactions (which, in the case of paragraph (i), shall be the highest price per share of the Common Stock as reflected in a Schedule 13D filed by the person having made the acquisition); 

 

	  	 (iii)	  	 Options Non-Cancellable. All Options shall become non-cancellable. 

 
(b) Definition of “Change of Control”. A “Change of Control” of the Company shall
be deemed to have occurred upon the happening of any of the following events: 
 

	  	 (i)	  	 Acquisition of Stock. The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
of 1934) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934) of 20% or more of the combined voting power of the then outstanding voting securities of the Company
entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this Section 10(b)(i), the following acquisitions shall not constitute a Change of Control: (A)
any acquisition by a Person who on the Effective Date is the beneficial owner of 20% or more of the Outstanding Company Voting 

 

9 

Securities; (B) any acquisition directly from the Company, including without limitation, a
public offering of securities, (C) any acquisition by the Company, (D) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any of its Subsidiaries or (E) any acquisition by any corporation
pursuant to a transaction which complies with subparagraphs (A), (B) and (C) of Section 10(c)(iii); 
 

	  	 (ii)	  	 Change in Board Membership. Individuals who constitute the Board as of the Effective Date hereof (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Board, provided that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office is in
connection with an actual or threatened election contest relating to the election or removal of the directors of the Company or other actual or threatened solicitation of proxies of consents by or on behalf of a Person other than the Board; or

 

	  	 (iii)	  	 Shareholder-Approved Reorganization, Merger or Consolidation. Consummation of a reorganization, merger or consolidation to which the Company is a party or a
sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case unless, following such Business Combination: (A) all or substantially all of the individuals and entities who were
the beneficial owners of Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the combined voting power of the outstanding voting securities entitled to vote
generally in the election of directors of the corporation resulting from the Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s
assets either directly or through one or more subsidiaries) (the “Successor Entity”) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Voting Securities; and
(B) no Person (excluding any Successor Entity or any employee benefit plan, or related trust, of the Company or such Successor Entity beneficially owns, directly or indirectly, 20% or more of the combined voting power of the then outstanding voting
securities of 

 

10 

 
 the
Successor Entity, except to the extent that such ownership existed prior to the Business Combination; and (C) at least a  majority of the members of the board of directors of the Successor Entity were members of the Incumbent Board (including
 persons deemed to be members of the Incumbent Board by reason of the proviso to paragraph (ii) of this Section  10(b)) at  the time of the execution of the initial agreement or of the action of the Board providing for such Business
 Combination.; 
 or 
 

	  	 (iv)	  	 Liquidation or Dissolution. Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 

 
11. GOVERNING LAW 
 
To the extent that federal laws do not otherwise control, this
Plan shall be construed in accordance with and governed by the law of the State of Georgia. 
 
12. CAPTIONS 
 
Captions are provided herein for convenience of reference only, and shall not serve as a basis for interpretation or construction of this Plan. 
 
13. RESERVATION OF SHARES 
 
The Company, during the term of the Plan, will at all times reserve and keep available such number of shares of Common Stock as shall be
sufficient to satisfy the requirements of the Plan. The final and unappealable inability of the Company to obtain the necessary approvals from any regulatory body having jurisdiction or approval deemed necessary by the Company’s counsel to the
lawful issuance and sale of any shares of Common Stock under the Plan shall relieve the Company of any liability in respect of the nonissuance or sale of such shares of Common Stock as to which such requisite authority shall not have been obtained.

 
14. SAVINGS CLAUSE 
 
This Plan is intended to comply in all aspects with applicable
law and regulations. In case any one or more of the provisions of this Plan shall be held invalid, illegal or unenforceable in any respect under applicable law and regulation, the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable provision shall be deemed null and void; however, to the extent permitted by law, any provision which could be deemed null and void shall first be
construed, interpreted or revised retroactively to permit this Plan to be construed in compliance with all applicable laws so as to foster the intent of this Plan. 
 

11 

 
15. EFFECTIVE
DATE AND TERM 
 
The effective date (the
“Effective Date”) of this Plan shall be February 1, 2002. No new Options shall be granted under this Plan after the tenth anniversary of the Effective Date. Unless otherwise expressly provided in the Plan or in an applicable Option
Agreement, any Option granted hereunder may, and the authority of the Board or the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Option or to waive any conditions or rights under any such Option shall, continue after
the authority for grant of new Options hereunder has been exhausted; provided, however, that notwithstanding anything in this sentence to the contrary, except as otherwise provided in Section 8 of this Plan, the exercise price of any Option of
Options granted under this Plan may not be reduced. 
 

12GP Deferred Compensation Plan, effective February 1, 2002

 
EXHIBIT
10.8(iii) 
 
GEORGIA-PACIFIC CORPORATION

DEFERRED COMPENSATION PLAN 
Effective as of February 1, 2002 
 
Section 1. Purpose 
 
The purpose of this Georgia-Pacific Corporation Deferred Compensation Plan (“Plan”) is to provide Participants with the opportunity to voluntarily defer a portion of their compensation. 
 
Section 2. Definitions 
 
2.1 “Account” means the bookkeeping account
maintained by the Company on its books and records to show for each Participant as of any date all Deferrals made by such Participant under this Plan, any adjustments made in accordance with Section 5, and any distributions to such Participant under
Section 6, which Account may consist of Annual Subaccounts for each Plan Year in which the Participant makes a Deferral and which may include a Fort James Subaccount. 
 
2.2 “Annual Subaccount” means a subaccount which is maintained as part of each applicable
Participant’s Account which shows all Deferrals made by the Participant for a Plan Year and any adjustments to such subaccount under Section 5 and any distributions from such subaccount under Section 6. 
 
2.3 “Base Salary” means an
employee’s base annual salary. 
 
2.4
“Beneficiary” means the person designated by the Participant on an Election Form or, if no such person is so designated or if no such person survives the Participant, the Participant’s estate. 
 
2.5 “Bonus” means the annual incentive award
payable by the Company to a Participant during a Plan Year.  
 
2.6 “Change in Control” means a change in control of the Company as defined in the Georgia-Pacific Corporation/Georgia-Pacific Group Long-Term Incentive Plan. 
 
2.7 “Committee” means the Compensation
Committee of the Board of Directors of the Company. 
 
2.8 “Company” means Georgia-Pacific Corporation, a Georgia corporation, and any successor thereto. 
 
2.9 “Deferral” means the amount deferred under this Plan in accordance with Section 4. 
 

1 

 
2.10
“Disability” means “disability” as defined under the Georgia-Pacific Corporation LifeChoices Plus Benefits Program, Long-Term Disability Plan (whether or not the Participant is eligible to participate in such plan).

 
2.11 “Election Form” means the
form (a written form or any electronically recorded form or any telephonic or voice response system) provided by the Company for making the elections and designations called for under this Plan . 
 
2.12 “Eligible Employee” means for any
Plan Year an employee of the Company or its U.S. subsidiaries who is paid on a U.S. payroll and who: 
 

	  	 (a)	  	 is an employee classified as Grade 31 or above (or broad band Grades EB11 or EH05 or above) on October 1 of the year preceding such Plan Year; or

 

	  	 (b)	  	 who was a participant in the Fort James Management Incentive Plan Deferral Opportunity Plan and whose account balance under such plan was transferred to this Plan.

 
2.13 “Fort James
Subaccount” means a subaccount which is maintained as part of each applicable Participant’s Account which shows the account balance transferred to this Plan from the Fort James Management Incentive Plan Deferral Opportunity Plan (as
amended to reflect the merger of the Fort James Supplemental Deferral Plan into such plan) and any adjustments to such subaccount under Section 5 and any distributions from such subaccount under Section 6. 
 
2.14 “Inactive Participant” means,
with respect to any Plan Year, a Participant who does not satisfy the eligibility criteria under Section 2.12(a) for that Plan Year. 
 
2.15 “Measurement Fund” means an investment fund selected by the Company for the purpose of tracking the
hypothetical investment of a Participant’s Account in accordance with Section 5.  
 
2.16 “Participant” means an employee of the Company who participates in the Plan in accordance with Section 3. 
 
2.17 “Payment Commencement Date” means, with respect to each Annual Subaccount and the Fort
James Subaccount, the date determined in accordance with Section 6.1. 
 
2.18 “Plan Year” means, with respect to the initial Plan Year, the period commencing on February 1, 2002 and ending on December 31, 2002 and, with respect to each subsequent Plan Year, the period commencing
on each January 1 and ending on each December 31. 
 

2 

 
2.19
“Retirement” means termination of a Participant’s employment with the Company on or after the date the Participant attains age sixty-two (62), other than due to the Participant’s death or Disability. 
 
Section 3. Participation 
 
An Eligible Employee shall become a Participant in this Plan
as of the first day of the first Plan Year coincident with or next following the date he or she satisfies the requirements to be an Eligible Employee. An Eligible Employee who has become a Participant shall remain a Participant until his or her
entire Account balance has been distributed in accordance with the terms of this Plan; provided, however, that a Participant shall not have the right to make Deferrals under this Plan for any Plan Year in which such Participant is an Inactive
Participant. 
 
Section 4. Deferrals

 
4.1 Amount of Deferrals. With respect
to each Plan Year, a Participant (other than an Inactive Participant) may elect to defer to his or her Annual Subaccount a percentage (in 1% increments) up to fifty percent (50%) of his or her Base Salary, and a percentage (in 1% increments) up to
one hundred percent (100%) of his or her Bonus payable during that Plan Year, but not less than five thousand dollars ($5,000). Deferrals may be reduced by the Company by an appropriate amount to cover other required or elected deductions,
including, but not limited to, tax withholdings, garnishments, and benefit premiums. 
 
4.2 Time of Deferral Election. A Participant (other than an Inactive Participant) with respect to a Plan Year shall have the right before the beginning of such Plan Year to elect on an Election
Form to defer his or her Base Salary and Bonus otherwise payable during such Plan Year in accordance with Section 4.1. Any election which is made and which is not revoked before the beginning of such Plan Year shall become irrevocable on the first
day of such Plan Year and shall remain irrevocable through the end of such Plan Year. 
 
4.3 Account Credits. The Base Salary and Bonus which a Participant elects to defer under this Section 4 shall be credited to his or her Account as of the date that the Company determines that
such amounts otherwise would have been payable directly to the Participant if no election had been made under this Section 4. 
 

3 

 
Section 5.
Adjustments to Accounts 
 
5.1
Measurement Funds. The Company from time to time shall select one, or more than one, Measurement Fund that a Participant may elect that the Company use to make adjustments to his or her Account as if the amount in such Account had been
invested in such Measurement Fund. The Company may change the Measurement Funds available under this Plan at any time with or without advance notice to a Participant. 
 
5.2 Initial Election of Measurement Funds. The Participant shall elect with respect to each Annual
Subaccount one or more Measurement Funds for the purpose of adjusting such subaccount in accordance with this Section 5. Any such election shall be made on an Election Form and shall specify the percentage (in 1% increments) of such subaccount to be
allocated to the Measurement Fund(s) the Participant selects. 
 
5.3 Special Rule for Fort James Subaccounts. Notwithstanding anything in this Section 5 to the contrary, the entire balance in a Participant’s Fort James Subaccount shall be adjusted as if invested in the Measurement Fund
designated by the Company until the Participant changes the Measurement Fund, and the percentage (in 1% increments) of his or her Fort James Subaccount allocated to such Measurement Fund, in accordance with Section 5.5. 
 
5.4 Adjustments. The Company shall adjust each Annual
Subaccount and each Fort James Subaccount for any earnings and losses as if such subaccount actually had been invested in the Measurement Funds in accordance with the Participant’s election under this Section 5 (or, until a Participant changes
his election with respect to a Fort James Subaccount, the Measurement Fund designated by the Company under Section 5.3). The performance of each Measurement Fund (either positive or negative) will be determined by the Company, in its sole reasonable
discretion. Such adjustments shall be made on a daily basis to the extent that Measurement Fund values are available. 
 
5.5 Changes to Measurement Fund Elections. Participants may elect to change the Measurement Fund(s), the percentages of the Annual
Subaccount or Fort James Subaccount allocated to each Measurement Fund, and may elect whether new Deferrals, from the effective date of the election, will be allocated to different Measurement Funds than those allocated for the Participant’s
Annual Subaccount balance prior to such election. Any such election shall be made on an Election Form and shall become effective at the close of business on the day the Company receives such form. 
 
5.6 No Actual Investment. Notwithstanding any other
provision in this Plan to the contrary, the Measurement Funds are to be used for measurement purposes only, and a Participant’s election of any such Measurement Fund, the allocation of his or her Account balance thereto, and the calculation of
the adjustment made to his or her Account shall not be considered or construed in any manner as an actual investment of his or her Account in any such Measurement Fund. 
 

4 

 
Section 6.
Payment of Accounts 
 
6.1 Payment
Commencement Date. A Participant’s Payment Commencement Date with respect to each Annual Subaccount and Fort James Subaccount shall be the earlier of: 
 
(a) the date the Participant terminates employment with the Company, 
 
(b) the date the Participant dies, 
 
(c) the date the Participant becomes Disabled, 
 
(d) if so elected by a Participant in accordance with Section
6.6, the date of a Change in Control, or 
 
(e)
the January 1 elected by a Participant for payment of such Annual Subaccount or Fort James Subaccount to begin, which is: 
 

	  	 (i)	  	 at least three (3) years following the end of the Plan Year in which the compensation is earned (or with respect to the Fort James Subaccount, the Plan Year in
which such amounts are transferred to this Plan) and no later than the date the Participant reaches age seventy (70) years of age, or 

 

	  	 (ii)	  	 immediately following his or her Retirement. 

 
6.2 Payment of Deferred Amounts. A Participant shall elect on an Election Form whether payment of such Participant’s Annual
Subaccount(s) and Fort James Subaccount shall be made in a single lump sum payment or by means of annual installments. Except as set forth in Section 6.5 and 6.6, the Company shall pay, or shall commence payment of, each Annual Subaccount(s) and
Fort James Subaccount in accordance with the Participant’s election as of the date set forth in 6.2(a) or (b), as applicable. 
 

	  	 (a)	  	 Lump-Sum Payment. A lump sum payment shall be made in cash within thirty (30) calendar days after the Payment Commencement Date, or as soon thereafter as
administratively practicable. 

 

	  	 (b)	  	 Installment Payments. Participants may elect payment in annual installments over a period of between two (2) and ten (10) years. The initial payment shall be
made in cash as of the January 1 coincident with or next following the Payment Commencement Date, or as soon thereafter as administratively practicable. The remaining installment payments shall be made in cash as of each successive anniversary of
the initial payment, until the Participant’s entire Annual Subaccount or Fort James Subaccount balance, as applicable, has been paid. The amount of each installment payment shall be equal to the Participant’s subaccount balance immediately
prior to each such payment, multiplied by a fraction, the 

 

5 

      numerator of which is one (1), and the denominator of
which is the number of installment payments then remaining. 
 
Notwithstanding the foregoing, in the event that the total balance in all of a Participant’s subaccounts with a common Payment Commencement Date is less than ten thousand dollars ($10,000) at any Payment Commencement Date, such
subaccount(s) automatically shall be paid in a lump sum. Further, in the absence of a payment election, a lump sum payment will be made within thirty (30) days of the Payment Commencement Date, or as soon as administratively practicable thereafter.

 
6.3 Special Rule for Fort James Subaccounts.
Notwithstanding anything in this Section 6 to the contrary, a Participant shall be deemed to have elected to have the entire balance in his or her Fort James Subaccount paid in a single lump sum upon his or her Retirement unless and until the
Participant changes the form of payment and/or the Payment Commencement Date with respect to his or her Fort James Subaccount in accordance with Section 6.9. 
 
6.4 Employment Termination Other Than Retirement, Death, or Disability. Notwithstanding anything in this Plan to the
contrary, a Participant’s entire Account balance shall be paid in a single lump sum in the event that the Participant’s employment with the Company and its subsidiaries is terminated for any reason other than Retirement, death, or
Disability. Such payment shall be made in cash within thirty (30) calendar days after the date the Participant terminates employment, or as soon thereafter as administratively practicable. 
 
6.5 Death. If a Participant dies before the complete payment of his or her Account, the remaining
balance in any Annual Subaccount or Fort James Subaccount shall be distributed to the Participant’s Beneficiary in the payment form selected by the Participant with respect to each such subaccount if such Beneficiary is an individual. If such
Beneficiary is not an individual, then payment of the entire Account balance shall be made in a lump sum within thirty (30) calendar days after the Participant’s death, or as soon as administratively practicable thereafter. 
 
6.6 Change in Control. Notwithstanding anything
in this Plan to the contrary, a Participant may elect to have his entire Account balance paid in a single lump sum in the event of a Change in Control. Such payment shall be made in cash within thirty (30) calendar days after the date of the Change
in Control. 
 
6.7 Financial
Hardship. If a Participant incurs a severe financial hardship, the Participant may make a request to the Company for an emergency distribution from his or her Account. In the event that the Participant establishes to the satisfaction of the
Company that he or she has incurred a severe financial hardship, the Company may, in its sole discretion, authorize the cessation of Deferrals by such Participant under the Plan for that Plan Year. If the Company determines that the cessation of
Deferrals alone is not sufficient to satisfy the hardship, the Company may provide that all, or a portion of, the Participant’s Account immediately be paid in a lump sum cash payment. 
 

6 

 
For purposes
of this Section 6.7, “severe financial hardship” shall mean any financial hardship resulting from extraordinary and unforeseeable circumstances arising as a result of one or more recent events beyond the control of the Participant. In any
event, payment may not be made to the extent such emergency is or may be relieved: (i) through reimbursement or compensation by insurance or otherwise; (ii) by liquidation of the Participant’s assets, to the extent the liquidation of such
assets would not itself cause severe financial hardship; (iii) through exhaustion of any loans or withdrawals available under a 401(k) plan; and (iv) by cessation of Deferrals under the Plan. Distribution of amounts because of a severe financial
hardship may only be permitted to the extent reasonably necessary to satisfy the hardship. 
 
The Company’s determination of whether a severe financial hardship has occurred, and whether the Participant’s future Deferral opportunities shall be ceased and/or an emergency distribution
is made shall be final, conclusive, and not subject to appeal. 
 
6.8 Early Withdrawal. A Participant may elect to withdraw amounts from his or her Account prior to his or her Payment Commencement Date subject to the following restrictions: 
 

	  	 (a)	  	 The election to receive an early distribution shall be made in writing and delivered to the Company; 

 

	  	 (b)	  	 The amount of the early distribution shall in all cases be reduced by an early withdrawal penalty equal to ten percent (10%) of the amount of the elected early
withdrawal, which penalty amount shall be permanently deducted from the Participant’s Account and forfeited by the Participant; and 

 

	  	 (c)	  	 The amount of the early withdrawal (less the 10% penalty) shall be paid in a single lump sum payment as soon as practicable after the early distribution election is
made. 

 
6.9 Change in
Payment. Participants may change, with respect to each Annual Subaccount and Fort James Subaccount, the Payment Commencement Date, the form of payment, and the Change in Control payment election, provided written notice of such change is
received by the Company not less than twelve (12) months prior to the Payment Commencement Date then in effect, or, in the case of Change in Control payment election, not less than twelve (12) months prior to the Change in Control. 
 
6.10 Charge Against Account. The Company shall debit
each Participant’s Account for any payment made to the Participant or to his or her Beneficiary under this Plan. 
 
Section 7. Miscellaneous 
 
7.1 Administration. The Company shall administer this Plan and shall have the power to make any and all decisions as the Company
deems necessary or appropriate to administer and interpret and otherwise effect the terms and conditions of this Plan. All 
 

7 

 
determinations and decisions
made by the Company with respect to the interpretation or administration of this Plan shall be final, conclusive, and binding on all persons. 
 
7.2 Company Action. For purposes of this Plan, the Company shall act through its Chairman, Chief Executive Officer and
President or its Executive Vice President – Human Resources, or their delegates. 
 
7.3 No Liability. No Participant or Beneficiary shall have the right to look to, or shall have any claim whatsoever against, any officer, director, employee or agent of the Company or its
subsidiaries with respect to the establishment of an Account, any credits or debits made under this Plan to such an Account or the distribution of such an Account to a Participant or, in the event of his or her death, to his or her
Beneficiary. 
 
7.4 No Assignment.
No Participant or Beneficiary shall have the right to alienate, assign, commute or otherwise encumber an Account for any purpose whatsoever, and any attempt to do so shall be disregarded completely by the Company as null and void.

 
7.5 Source of Benefits. Any
payment made under this Plan to, or on behalf of, a Participant shall be made from the Company’s general assets or, at the Company’s discretion, from a rabbi trust, and any claim by a Participant or a Beneficiary against the Company for
any payment under this Plan shall be the same as a claim by any general and unsecured creditor of the Company. 
 
7.6 No Contract of Employment. An Eligible Employee’s participation in this Plan shall not constitute a contract of
employment for any particular term or for any particular rate of compensation, and participation in this Plan shall have no bearing whatsoever on the terms and conditions of an Eligible Employee’s employment or the Company’s right to
terminate his or her employment at any time with or without good reason. 
 
7.7 Construction. This Plan shall be construed in accordance with the laws of the State of Georgia except to the extent that such state laws are preempted by ERISA. Headings and
subheadings in this Plan have been added only for convenience of reference and shall have no substantive effect whatsoever in interpreting this Plan. Finally, all references to the singular shall include the plural and all references to the plural
shall include the singular. 
 
7.8 Tax
Withholding on Payments. The Company shall have the right to require Participants to remit to the Company an amount sufficient to satisfy any withholding tax requirements or to deduct from all payments made pursuant to the Plan amounts
sufficient to satisfy withholding tax requirements. 
 
7.9 Claims for Benefits. If a Participant or Beneficiary makes a claim for the payment of an Account and the Company denies such claim, the Company shall effect such denial in accordance with the claims procedure
regulations set forth under the Employee Retirement Income Security Act of 1974, as amended, for claims under a deferred compensation 
 

8 

 
plan and shall provide the
Participant or Beneficiary the opportunity to appeal any such denial in accordance with such regulations. 
 
7.10 Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 
 
7.11 Successors. All obligations of the Company under the Plan shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 
 
7.12 Amendment or Termination. The Committee shall have
the right from time to time and at any time to amend this Plan with or without notice to Participants or to terminate this Plan at any time; provided, however, the Committee (1) shall have no right to amend this Plan to retroactively reduce the
credits made to a Participant’s Account and (2) shall have no right to terminate this Plan without paying the balance credited to each such Account as of the date of such termination to each Participant (or Beneficiary) in a lump sum as soon as
practicable after such termination. Finally, the Committee immediately shall terminate this Plan if this Plan fails to satisfy the requirements under ERISA § 401(a)(1) for a plan which is unfunded and which is maintained primarily for the
purpose of providing deferred compensation for a select group of management or highly compensated employees. 
 
IN WITNESS WHEREOF, Georgia-Pacific Corporation has adopted and executed this Plan this 14th day of December, 2001. 
 

	  GEORGIA-PACIFIC CORPORATION 
   

	
	  BY:
	  	  /s/ Patricia A. Barnard        

	  	  	  Patricia A. Barnard
  Executive Vice President—Human Resources

 

9

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