Wausau-Mosinee Paper (WPP)

Purpose.

The purpose of the Wausau Paper Corp. 1988 Stock Appreciation Rights Plan (the “Plan”) is to attract and retain outstanding individuals as officers and key employees of Wausau Paper Corp. (the “Corporation”) and its subsidiaries, and to furnish incentives to such individuals through rewards based upon the performance of the common stock of the Corporation.  To this end, the Committee hereinafter designated may grant stock appreciation rights to officers and other key employees of the Corporation and its subsidiaries, on the terms and subject to the conditions set forth in this Plan.

Purpose.

The purpose of the Wausau Paper Corp. 1990 Stock Appreciation Rights Plan (the “Plan”) is to attract and retain outstanding individuals as officers and key employees of Wausau Paper Corp. (the “Corporation”) and its subsidiaries, and to furnish incentives to such individuals through rewards based upon the performance of the common stock of the Corporation.  To this end, the Committee hereinafter designated may grant stock appreciation rights to officers and other key employees of the Corporation and its subsidiaries, on the terms and subject to the conditions set forth in this Plan.

Purpose.

The purpose of the Mosinee Paper Corporation 1988 Stock Appreciation Rights Plan (the “Plan”) is to attract and retain outstanding individuals as officers and key employees of Mosinee Paper Corporation (the “Corporation”) and its subsidiaries, and to furnish incentives to such individuals through rewards based upon the performance of the common stock of the Corporation.  To this end, the Committee hereinafter designated may grant stock appreciation rights to officers and other key employees of the Corporation and its subsidiaries, on the terms and subject to the conditions set forth in this Plan.

2.

Purpose.

The purpose of the Mosinee Paper Corporation 1988 Stock Appreciation Rights Plan (the “Plan”) is to attract and retain outstanding individuals as officers and key employees of Mosinee Paper Corporation (the “Corporation”) and its subsidiaries, and to furnish incentives to such individuals through rewards based upon the performance of the common stock of the Corporation.  To this end, the Committee hereinafter designated may grant stock appreciation rights to officers and other key employees of the Corporation and its subsidiaries, on the terms and subject to the conditions set forth in this Plan.

2.