2014 Executive Management Incentive Plan for Senior Leadership of International Paper Company

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines the 2014 Executive Management Incentive Plan for senior executives of International Paper Company. The plan lists eligible participants, including the CEO, CFO, and other senior vice presidents, and sets the main business objective as achieving positive EBITDA before special items. The plan also references intermediate performance objectives aligned with the broader 2014 Management Incentive Plan. Incentive payouts are subject to a limit approved by the Management Development and Compensation Committee (MDCC).

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EX-10.6 3 ip-20131231exhibit1062014e.htm EXECUTIVE MANAGEMENT INCENTIVE PLAN 2014 BUSINESS AND PERFORMANCE OBJECTIVES ip-20131231exhibit1062014execmip
Exhibit 10.6

PARTICIPANTS AS OF JANUARY 1, 2014
UNDER THE EXECUTIVE MANAGEMENT INCENTIVE PLAN
John V. Faraci
Chairman and Chief Executive Officer
C. Cato Ealy
SVP, Corporate Development
William P. Hoel
SVP, Container the Americas
Tommy S. Joseph
SVP, Manufacturing, Technology, EHS&S and Global Sourcing
Thomas G. Kadien
SVP, Consumer Packaging and IP Asia
Paul J. Karre
SVP, Human Resources and Communications
Mary A. Laschinger
SVP and President, xpedx
Tim S. Nicholls
SVP, Printing & Communications Papers the Americas
Jean-Michel Ribieras
SVP and President, IP Europe, Middle East, Africa and Russia
Carol L. Roberts
SVP and Chief Financial Officer
Sharon R. Ryan
SVP, General Counsel and Corporate Secretary
Mark S. Sutton
SVP, Industrial Packaging



Any other individual elected to the position of Senior Vice President during 2014




Exhibit 10.6

EXECUTIVE MANAGEMENT INCENTIVE PLAN
2014 COMPANY BUSINESS OBJECTIVE
AND INTERMEDIATE PERFORMANCE OBJECTIVES


Plan Element

162(m) Limit Approved by MDCC

Company Business Objective:
Positive EBITDA Before Special Items

INTERMEDIATE PERFORMANCE OBJECTIVES:

SAME AS 2014 MANAGEMENT INCENTIVE PLAN OBJECTIVES