Exhibit 10.16
                     WAUSAU-MOSINEE PAPER CORPORATION
                       INCENTIVE COMPENSATION PLANS
                                   FOR
                            EXECUTIVE OFFICERS
                                  (2001)


 The President and CEO, Executive Vice President, Administration, Senior
 Vice President, Finance, and Senior Vice President, Engineering and
 Environmental Services each have a bonus opportunity equal to a maximum
 of 75% of base salary based upon earnings per share.  Incentive bonuses
 will be 0% of base salary if earnings are $.37 per share and will
 increase on a pro rata basis to a maximum of 75% of base salary at $1.09
 per share.  These officers will also be entitled to a maximum bonus of
 25% of base salary upon satisfaction of individual performance
 objectives established at the beginning of the year by the Executive
 Compensation Committee of the Board of Directors or President and CEO.
 The individual objective results are further limited to 12.5% of pay for
 the President and CEO and 20% of pay for the Senior Officers if earnings
 per share do not exceed $.42 for 2001.

 Each of the Senior Vice Presidents, Printing & Writing Group, Specialty
 Paper Group, Towel & Tissue Group, will be eligible to earn an incentive
 bonus based on the operating profits of their Group as well as earnings
 per share.  In each case, achievement of the Group's minimum targeted
 operating profit will result in incentive compensation equal to 0% of
 base salary, with a pro rata increase of up to 50% base salary based
 upon achievement of operating profit goals above the minimum targeted
 amount.  Each of these Senior Vice Presidents also have a bonus
 opportunity of 25% of base salary based upon earnings per share.
 Incentive bonuses will be 0% of base salary if earnings are $.37 per
 share and will increase on a pro rata basis to a maximum of 25% of base
 salary at $1.09 per share.   In addition, each of these Senior Vice
 Presidents will be eligible to earn incentive compensation in an amount
 equal to a maximum of 25% of base salary for achievement of individual
 performance objectives established at the beginning of the year by the
 President and CEO.  The individual objective results are further limited
 to 20% of pay if earnings per share does not exceed $.42 for 2001.

 Earnings per share will be adjusted for accruals on SAR's, bonus
 expense, and extraordinary items.