Amendment No. 2 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers (Effective January 1, 2007)

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment updates the International Paper Company's Unfunded Supplemental Retirement Plan for Senior Managers. Effective January 1, 2007, it modifies Section 3 to waive a participation requirement for individuals who are prohibited from joining the Retirement Plan or Salaried Savings Plan due to U.S. citizenship or residency rules. The amendment ensures that affected senior managers are not excluded from the supplemental plan because of these restrictions.

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EX-10.22 5 dex1022.htm AMENDMENT NO. 2, EFFECTIVE JANUARY 1, 2007 Amendment No. 2, effective January 1, 2007

Exhibit 10.22

AMENDMENT NO. 2 TO THE

UNFUNDED SUPPLEMENTAL RETIREMENT

PLAN FOR SENIOR MANAGERS

EFFECTIVE JANUARY 1, 2007

The International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers shall be amended in the following respect, effective January 1, 2007:

Section 3 shall be amended by adding the following new language at the end of the first sentence thereof:

“, unless participation in either the Retirement Plan or the Salaried Savings Plan is prohibited based on United States citizenship or residency requirements of such plans, in which case this requirement (C) shall be waived.”