AMENDMENT TO THE CLEARWATER PAPER CORPORATION
EX-10.16.(I) 6 dex1016i.htm AMENDMENT TO SEVERANCE PROGRAM FOR EXECUTIVE EMPLOYEES Amendment to Severance Program for Executive Employees
Exhibit 10.16(i)
AMENDMENT TO THE
CLEARWATER PAPER CORPORATION
SEVERANCE PROGRAM FOR EXECUTIVE EMPLOYEES
The Clearwater Paper Corporation Severance Program for Executive Employees, as amended and restated as of December 16, 2008 (the Plan), is hereby further amended by adding the following new clause (iii) to the end of Section 5(c) (Limitations on Eligibility for Benefits), effective as of May 1st, 2009:
(iii) Notwithstanding the provisions of Sections 4(a) and 5(a), no Basic Severance Benefits shall be payable to an Eligible Employee unless such Eligible Employee executes a release and waiver of claims in a form satisfactory to the Corporation.
Date: 5-06-09 | CLEARWATER PAPER CORPORATION | |||||||
By: | /s/ Thomas H. Carter | |||||||
Name: | Thomas H. Carter | |||||||
Title: | Vice President, Human Resources |