Wausau Paper Corp. 2008 Supplemental Retirement Plan Participation Certificate
This certificate outlines the terms for an employee's participation in the Wausau Paper Corp. 2008 Supplemental Retirement Plan. It specifies when the employee's participation begins, the age and service requirements for normal and early retirement, and the percentage of average compensation used to calculate retirement benefits. The certificate is governed by the terms of the main retirement plan, and any conflicts are resolved in favor of the plan. The document must be signed by both the company and the participant to be effective.
Exhibit 10.3
WAUSAU PAPER CORP.
2008 SUPPLEMENTAL RETIREMENT PLAN
PARTICIPATION CERTIFICATE
Name of Participant:
___________________________________
Title:
___________________________________
The following terms and conditions to vesting and benefit accrual are applicable to the above-named Participant’s participation in the Wausau Paper Corp. 2008 Supplemental Retirement Plan (the “Plan”).
1.
Participation Date. Participation in the Plan shall begin on ____________________.
2.
Normal Retirement Age. The Participant must attain age __________ and complete ____ years of Continuous Service as an Active Participant in order to attain his Normal Retirement Age (in accordance with Section 2.1(i) of the Plan).
3.
Early Retirement Age.
£
The Participant must attain age __________ and complete ____ years of Continuous Service as an Active Participant in order to attain his Early Retirement Age (in accordance with Section 2.1(g) of the Plan); OR
£
The Participant is not eligible for an Early Retirement Benefit.
4.
Normal Retirement Benefit. The percentage of the Participant’s Average Compensation used to determine the Participant’s Normal Retirement Benefit under Section 4.1(a)(1) of the Plan shall be _______ %.
5.
Incorporation of Plan Terms and Conditions. This Certificate is subject to and shall be construed in accordance with the terms of the Plan which are explicitly made applicable to this Certificate and incorporated by this reference. Unless otherwise defined, all terms used in this Certificate, when capitalized, have the same meaning as such terms are defined in the Plan and each such definition is hereby incorporated by this reference. In the event of any conflict between the provisions of this Certificate and the Plan, the provisions of the Plan shall govern.
WAUSAU PAPER CORP.
Date: ___________________________
By:______________________________________
_____________________________
As its ________________________
