Exhibit 10.21.2
AMENDMENT TO THE
APPLETON PAPERS INC. RETIREMENT PLAN
The Appleton Papers Inc. Retirement Plan, as amended, (the “Plan”), is hereby further amended as set forth herein. This Amendment is executed and effective this 19th day of December, 2008.
1. Supplement H (Spring Mill). Section H2.08(a)(1) is deleted in the entirety and replaced with the following language:
| (1) | If a Participant who is a Roaring Spring Mill Employee terminates employment at or after his Normal Retirement Age, he will be entitled to a Normal Retirement Pension in a monthly amount determined by multiplying his years of Benefit Service (including fractions of a year in completed months) as of his Termination of Employment by a benefit formula as follows: |
Date of retirement from active employment and upon which employment terminates: On or After Prior to | Benefit Formula | Benefit Formula for Nonparticipating Eligibility Benefit Service [as defined in Section H2.05(a)(3)] | ||
| 11/17/00 | 11/12/01 | $31.50 | $14.50 | |
| 11/12/01 | 11/17/01 | $39.50 | $15.00 | |
| 11/17/01 | 11/17/03 | $40.00 | $15.00 | |
| 11/17/03 | 11/17/07 | $41.00 | $15.00 | |
| 11/17/07 | 11/17/08 | $41.50 | $15.00 | |
| 11/17/08 | 11/17/09 | $42.00 | $15.00 | |
| 11/17/09 | 11/17/10 | $42.50 | $15.00 | |
| 11/17/10 | - - - - - | $43.00 | $15.00 | |
See prior plan document for Roaring Spring Mill Plan for benefit formula for Termination of Employment dates prior to November 17, 2000.
2. Supplement G (Appleton Plant). Section G2.07(a)(1) is deleted in the entirety and replaced with the following language:
| (1) | For a Participant who is an Appleton Plant Employee, if such Participant’s employment terminates at or after his Normal Retirement Age, he will be entitled to a Normal Retirement Pension in a monthly amount determined by multiplying his years of Benefit Service (including fractions of a year in completed months) as of his Termination of Employment by a benefit formula as follows: |
Date upon which employment terminates:
On or After | Prior to | Benefit Formula |
| September 1, 2001 | September 1, 2003 | 36.50 |
| September 1, 2003 | September 1, 2005 | 37.50 |
| September 1, 2005 | September 1, 2008 | 41.00 |
| September 1, 2008 | September 1, 2010 | 42.00 |
| September 1, 2010 | - - - - - | 42.75 |
See prior plan document for Appleton Plant Plan for benefit formula for Termination of Employment dates prior to September 1, 2001.
3. Except as expressly modified herein, all terms and conditions of the Plan shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment on December 19, 2008.
APPLETON PAPERS INC. By: Pension Benefits Finance Committee | ||
| By: | /s/ Thomas J. Ferree | |
| Chief Financial Officer |
| By: | /s/ Jeffrey J. Fletcher | |
| Controller |
| By: | /s/ Kerry S. Arent | |
| Executive Director, Human Resources |
| By: | /s/ Satish Dave | |
| Executive Director, I.T. |