Amendment to Clearwater Paper Corporation Annual Incentive Plan
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Summary
Clearwater Paper Corporation has amended its Annual Incentive Plan, effective January 1, 2016. The amendment updates the definition of "Retirement" for plan participants, specifying that retirement occurs when an employee leaves the company at age 65 or older, or at age 55 with at least 10 years of service. This change clarifies eligibility for retirement benefits under the plan.
EX-10.1 2 ex101q2-16.htm AMENDMENT TO ANNUAL INCENTIVE PLAN Exhibit
AMENDMENT
TO THE
CLEARWATER PAPER CORPORATION
ANNUAL INCENTIVE PLAN
The Clearwater Paper Corporation Annual Incentive Plan, dated effective as of January 1, 2014 (the “Plan”), is hereby amended as follows:
Effective as of January 1, 2016, Section 2(t) of the Plan is amended to read as follows:
(t) “Retirement” means the Participant’s termination of service for the Corporation on or after the earlier of his or her (A) attainment of age 65 or (B) attainment of age 55 and completion of 10 years of service for the Corporation.
Date: 5/5/2016 CLEARWATER PAPER CORPORATION
By: /s/ Kari G. Moyes
Name: Kari G. Moyes
Title: Senior Vice President, Human Resources
