First Amendment to Rayonier Advanced Materials Inc. Non Change in Control Executive Severance Plan

Contract Categories: Human Resources › Severance Agreements
Summary

This amendment, effective October 21, 2019, modifies the Rayonier Advanced Materials Inc. Non Change in Control Executive Severance Plan. The key change reduces the distance referenced in Section 1.1(n)(ii) of the Plan from seventy-five miles to fifty miles. All other terms and conditions of the original Plan remain unchanged.

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EX-10.4 4 ex104amendmentnoncicse.htm EXHIBIT 10.4 Exhibit
EXHIBIT 10.4

FIRST AMENDMENT TO THE RAYONIER
ADVANCED MATERIALS INC. NON CHANGE IN
CONTROL EXECUTIVE SEVERANCE PLAN


This First Amendment (this “Amendment”) to the Rayonier Advanced Materials Inc. Non Change in Control Severance Plan (the “Plan”) is adopted as of October 21, 2019 by the Compensation and Management Development Committee of the Board of Directors of Rayonier Advanced Materials Inc. (the “Company”).
1.The reference to “seventy-five miles” in Section 1.1(n)(ii) of the Plan is hereby amended to refer to “fifty miles.”
2.Except as expressly amended hereby, the terms and conditions of the Plan shall remain in full force and effect.