2017 Executive Management Incentive Plan Participants and Objectives for International Paper Company

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document lists the executives eligible for the 2017 Executive Management Incentive Plan at International Paper Company, including the Chairman, CEO, and various Senior Vice Presidents. It outlines that the main company business objective is to achieve positive EBITDA before special items, with additional performance objectives matching those of the 2017 Management Incentive Plan. Executives retiring by March 31, 2017, remain eligible for a prorated incentive. The plan is subject to a limit approved by the committee under Section 162(m).

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EX-10.5 3 exhibit105to2016form10-kxx.htm EXHIBIT 10.5 Exhibit
EXHIBIT 10.5



PARTICIPANTS AS OF JANUARY 1, 2017
UNDER THE EXECUTIVE MANAGEMENT INCENTIVE PLAN

Mark S. Sutton
Chairman and Chief Executive Officer
 
 
W. Michael Amick, Jr.
SVP – Papers The Americas
 
 
 
 
C. Cato Ealy
SVP – Corporate Development
 
 
William P. Hoel*
SVP – Container The Americas
 
 
Tommy S. Joseph
SVP – Manufacturing, Technology, EH&S
 
& Global Sourcing
 
 
Thomas G. Kadien
SVP – Human Resources, Government
 
Relations & Global Citizenship
 
 
Glenn R. Landau
SVP – Finance (Chief Financial Officer-Elect)
 
 
Tim S. Nicholls
SVP – Industrial Packaging The Americas
 
 
Jean-Michel Ribieras
SVP – Global Cellulose Fibers
 
 
 
 
Carol L. Roberts*
SVP – Chief Financial Officer
 
 
Sharon R. Ryan
SVP – General Counsel & Corporate
 
Secretary
John V. Sims
SVP – President, IP Europe, Middle East,
 
Africa & Russia
Catherine I. Slater
SVP – Consumer Packaging
Gregory T. Wanta
SVP – North American Container


Any other individual elected to the position of Senior Vice President or above during 2017.


*NOTE:
Executives in italics will be retiring as of March 31, 2017, but remain eligible to receive a prorated 2017 MIP based on the plan guidelines.

 
 









EXHIBIT 10.5


EXECUTIVE MANAGEMENT INCENTIVE PLAN
2017 COMPANY BUSINESS OBJECTIVE AND INTERMEDIATE PERFORMANCE OBJECTIVES

Plan Element
162(m) Limit Approved by Committee

Company Business Objective:

•    Positive EBITDA Before Special Items

Intermediate Performance Objectives:

•    Same as 2017 Management Incentive Plan objectives