EXECUTIVE INCENTIVE PLAN
Amended and Restated
Effective May 15, 2001
GRAPHIC PACKAGING INTERNATIONAL CORPORATION
Executive Incentive Plan
Effective January 1, 1996
(as amended through May 15, 2001)
The name of this plan shall be the Graphic Packaging International Corporation Executive Incentive Plan. This
plan replaces any previous annual and long-term cash incentive plans used by Graphic Packing International
Corporation (f/k/a ACX Technologies, Inc.) (the "Company") and it subsidiaries listed below in Section II.
Eligible Participants. This plan is effective for fiscal years commencing on and after January 1, 1996.
I. PLAN INCLUDES:
A. Cash bonuses based upon predetermined financial goals; and
B. Annual grants of stock options.
II. ELIGIBLE PARTICIPANTS:
The Company's executive officers, division presidents and select officers.
III. CASH BONUS OPPORTUNITY:
1. Financial goals are approved at the beginning of each year by the Company's Compensation Committee (the
"Committee") of the Board of Directors. Goal achievement determines the bonus amount.
2. The Committee may select from one or more of the following financial measures in determining the financial
goals for each year: operating income, earnings before interest and taxes, return on net assets employed, return
on equity, return on capital, return on invested capital, ratio of debt to EBITDA, earnings per share or cash flow
of the Company or of the applicable Business as appro- priate. Definitions are in Section E below.
3. The financial goals are set at "target," the expected performance level, with a minimum performance level
("threshold") and the level at which maximum of salary could be earned ("maximum" level) also set each year.
B. Bonus Awards:
1. Potential bonus awards, as a percent of annual salary, are the same for all participants (except for the Chief
Executive Officer & President) as follows:
Threshold performance - 25%