2016 Executive Management Incentive Plan Objectives and Participants List

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2016 Executive Management Incentive Plan for senior executives of the company, including the Chairman, CEO, and various Senior Vice Presidents. It specifies that the incentive plan is based on achieving positive EBITDA before special items, with performance objectives aligned with the broader 2016 Management Incentive Plan. The plan applies to listed executives and any individual promoted to Senior Vice President or higher during 2016.

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EX-10.5 2 exhibit105-x2016execmipexh.htm EXHIBIT 10.5 - EXECUTIVE MANAGEMENT INCENTIVE PLAN OBJECTIVES Exhibit
EXHIBIT 10.5


PARTICIPANTS AS OF JANUARY 1, 2016
UNDER THE EXECUTIVE MANAGEMENT INCENTIVE PLAN

Mark S. Sutton
Chairman and Chief Executive Officer
 
 
W. Michael Amick, Jr.
SVP – North American Papers, Pulp &
 
Consumer Packaging
 
 
C, Cato Ealy
SVP – Corporate Development
 
 
William P. Hoel
SVP – Container The Americas
 
 
Tommy S. Joseph
SVP – Manufacturing, Technology, EHS&S
 
& Global Sourcing
 
 
Thomas G. Kadien
SVP – Human Resources, Communications &
 
Global Government Relations
 
 
Glenn R. Landau
SVP – President, IP Latin America
 
 
Tim S. Nicholls
SVP – Industrial Packaging
 
 
Jean-Michel Ribieras
SVP – President, IP Europe, Middle East,
 
Africa & Russia
 
 
Carol L. Roberts
SVP – Chief Financial Officer
 
 
Sharon R. Ryan
SVP – General Counsel & Corporate
 
Secretary
 
 

Any other individual elected to the position of Senior Vice President or above during 2016
 
 


















EXHIBIT 10.5

EXECUTIVE MANAGEMENT INCENTIVE PLAN
2016 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 2016 Management Incentive Plan objectives