THIRD AMENDED AND RESTATED
GRAPHIC PACKAGING INTERNATIONAL CORPORATION
EXECUTIVE EMPLOYMENT AGREEMENT
THIRD AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement")
between Graphic Packaging International Corporation, a Colorado corporation (the "Company"), each of the
Affiliated Companies (as defined in
Section 2(b)(iv)) and the Executive listed on the signature page who has signed the Agreement and agreed to be
bound by its terms (the "Executive"), dated as of March 25, 2003.
The Executive is currently employed by the Company and has executed a Second Amended and Restated
Employment Agreement dated January 10, 2003 (the "Prior Agreement"). The Company and Champion Holding,
Inc. ("Champion") have entered into the Agreement and Plan of Merger, dated as of the date hereof (the "Merger
Agreement"), pursuant to which, and subject to the terms and conditions of which, the Company will merge with
and into Champion (the "Merger").
The Company and the Executive desire to amend the Prior Agreement, to become effective upon the
consummation of the Merger as provided herein.
The parties agree as follows:
1. Employment Period. The Company hereby agrees to continue the Executive in its employ, and the Executive
hereby agrees to remain in the employ of the Company subject to the terms and conditions of this Agreement, for
the period commencing on the consummation of the Merger (the "Effective Date") and ending on the third
anniversary of such date (the "Employment Period").
2. Terms of Employment.
(a) Position and Duties.
(i) During the Employment Period, the Executive's position (including status, offices, and titles), authority, duties
and responsibilities shall be as set forth in Schedule A hereto.
(ii) During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is
entitled, the Executive agrees to devote reasonable attention and time during normal business hours to the
business and affairs of the Company and, to the extent nec