2010 Participants and Objectives under the Executive Management Incentive Plan
This document lists the executives participating in the 2009 Executive Management Incentive Plan as of January 1, 2010, including their names and titles. It also outlines the company's business objective for 2010, which is to achieve positive EBITDA before special items, and states that the intermediate performance objectives align with those of the 2010 Management Incentive Plan. The plan and its objectives were approved by the committee, and the document serves as an official record of participants and performance goals for the year.
Exhibit 10.4
EXHIBIT A
PARTICIPANTS AS OF JANUARY 1, 2010
UNDER THE EXECUTIVE MANAGEMENT INCENTIVE PLAN
Name | 2010 Title | |
John V. Faraci | Chairman and Chief Executive Officer | |
Tim S. Nicholls | SVP Chief Financial Officer | |
Carol L. Roberts | SVP Industrial Packaging | |
Maura A. Smith | SVP General Counsel & Global Govt Relations | |
Thomas G. Kadien | SVP Consumer Packaging & IP Asia | |
Mary A. Laschinger | SVP President xpedx | |
Mark S. Sutton | SVP Printing & Communications Papers the Americas | |
Tommy S. Joseph | SVP Manufacturing, Technology, EHS&S and Global Sourcing | |
Paul J. Karre | SVP Human Resources & Communications | |
Maximo Pacheco | SVP President IP Europe, M. East, Africa and Russia | |
C. Cato Ealy | SVP Corporate Development | |
John N. Balboni | SVP Chief Information Officer |
A-1
Schedule 1
EXECUTIVE MANAGEMENT INCENTIVE PLAN
2010 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 2010 Management Incentive Plan objectives |
S-1