<SEC-DOCUMENT>0001564590-19-015310.txt : 20190502
<SEC-HEADER>0001564590-19-015310.hdr.sgml : 20190502
<ACCEPTANCE-DATETIME>20190502155516
ACCESSION NUMBER:		0001564590-19-015310
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190228
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190502
DATE AS OF CHANGE:		20190502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLATFELTER P H CO
		CENTRAL INDEX KEY:			0000041719
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPER MILLS [2621]
		IRS NUMBER:				230628360
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03560
		FILM NUMBER:		19791752

	BUSINESS ADDRESS:	
		STREET 1:		96 S GEORGE ST
		STREET 2:		STE 500
		CITY:			YORK
		STATE:			PA
		ZIP:			17401
		BUSINESS PHONE:		7172252709

	MAIL ADDRESS:	
		STREET 1:		96 S GEORGE ST
		STREET 2:		STE 500
		CITY:			YORK
		STATE:			PA
		ZIP:			17401
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>glt-8ka_20190228.htm
<DESCRIPTION>8-K/A -RAPP SEPARATION AGREEMENT
<TEXT>
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glt-8ka_20190228.htm
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<p style="border-bottom:Solid 1pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:13.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">UNITED STATES</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:13.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SECURITIES AND EXCHANGE COMMISSION</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WASHINGTON, D.C. 20549</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:18pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">FORM 8-K/A</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Amendment No. 2)</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">CURRENT REPORT</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to Section&#160;13 or 15(d) of the Securities Exchange Act of 1934</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">February 28, 2019</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:24pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">P. H. Glatfelter Company</p>
<p style="text-align:center;margin-top:6pt;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-bottom:0pt;margin-left:29.63%;margin-right:29.63%;text-indent:0%;font-size:6pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Exact name of registrant as specified in its charter)</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pennsylvania</p></td>
<td colspan="5" valign="top"  style="width:34%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">001-03560</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">23-0628360</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(State or other jurisdiction</p></td>
<td colspan="5" valign="top"  style="width:34%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Commission</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(I.R.S. Employer</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of incorporation)</p></td>
<td colspan="5" valign="top"  style="width:34%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">File Number)</p></td>
<td colspan="5" valign="top"  style="width:33%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Identification No.)</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;</p></td>
<td colspan="5" valign="top"  style="width:34%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td colspan="5" valign="top"  style="width:33%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<td colspan="5" valign="top"  style="width:33%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:22.5pt;;margin-right:2.04%;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">96 S. George Street, Suite 520, York, Pennsylvania</p></td>
<td colspan="5" valign="top"  style="width:34%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td colspan="5" valign="bottom"  style="width:33%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17401</p></td>
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<td valign="top"  style="width:2.22%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td colspan="3" valign="top"  style="width:28.88%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:1.88%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td colspan="5" valign="top"  style="width:34%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td colspan="2" valign="top"  style="width:11%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:11%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td colspan="2" valign="top"  style="width:11%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
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<tr>
<td colspan="5" valign="top"  style="width:33%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Address of principal executive offices)</p></td>
<td colspan="5" valign="top"  style="width:34%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td colspan="5" valign="top"  style="width:33%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Zip Code)</p></td>
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<td colspan="7" valign="bottom"  style="width:50.92%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td colspan="2" valign="bottom"  style="width:5.14%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td colspan="6" valign="bottom"  style="width:43.94%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<tr>
<td colspan="7" valign="top"  style="width:50.92%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Registrant&#8217;s telephone number, including area code:</p></td>
<td colspan="2" valign="bottom"  style="width:5.14%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td colspan="6" valign="top"  style="width:43.94%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">717 225 4711</p></td>
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</table></div>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:29.6%;margin-right:29.44%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Not Applicable</p>
<p style="text-align:center;margin-top:6pt;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-bottom:0pt;margin-left:29.63%;margin-right:29.63%;text-indent:0%;font-size:6pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Former name or former address, if changed since last report</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[&#160;&#160;]&#160;&#160; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[&#160;&#160;]&#160;&#160; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[&#160;&#160;]&#160;&#160; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[&#160;&#160;]&#160;&#160; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark whether the registrant is an emerging growth company in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Emerging growth company&nbsp;&nbsp;&#9744;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;&#9744;</p>
<p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Securities registered pursuant to Section 12(b) of the Act:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&nbsp;</p>
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<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;">
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<td valign="bottom"  style="width:38%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Title of each class</p></td>
<td valign="bottom"  style="width:1%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;;font-size:8pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:15%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Trading</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Symbol(s)</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;;font-size:8pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Name of each exchange on which registered</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">GLT</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">New York Stock Exchange</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:8.33%;text-indent:-8.33%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item </font><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">5.02</font><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;</font><font style="color:#000000;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font><font style="color:#000000;">. </font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">P. H. Glatfelter Company (the &#8220;Company&#8221;) previously reported on a Current Report on Form 8-K dated February 28, 2019 that Martin Rapp, Senior Vice President and Business Unit President, Composite Fibers, and a Named Executive Officer in the Company&#8217;s Proxy Statement for the 2019 Annual Meeting of Shareholders, would be leaving the Company effective October 1, 2019.&nbsp;&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On April 23, 2019, the Company and Mr. Rapp entered into a Separation Agreement (the &#8220;Separation Agreement&#8221;).&nbsp;&nbsp;The Separation Agreement sets forth the terms of Mr. Rapp&#8217;s continued employment through September 30, 2019 (the &#8220;Termination Date&#8221;) and his severance benefits upon his termination of employment.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the Separation Agreement, provided that he continues in employment through the Termination Date, the Company will pay or provide Mr. Rapp the following:</p>
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<p style="margin-bottom:0pt;margin-top:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:12pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
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<p style="margin-bottom:0pt;margin-top:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><font style="font-family:Times New Roman;">Cash payments in an aggregate amount of &#8364;876,489 (equivalent to $999,197) to be paid as follows: (i) &#8364;676,387 (equivalent to $771,081) as a severance payment in exchange for a general release of claims in favor of the Company and its affiliates; (ii) &#8364;141,072 (equivalent to $160,822) as a prorated 2019 bonus; and (iii) &#8364;59,030 (equivalent to $67,294) as a bonus after the successful completion of transition duties. The amounts set forth in (i) and (ii) are due in a lump sum payment on the termination date and the amount pursuant to (iii) is due in February 2020.</font></p></td></tr></table></div>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.67%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-top:0pt;margin-bottom:8pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;">&nbsp;</p></td>
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<p style="margin-top:0pt;margin-bottom:8pt;font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
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<p style="margin-top:0pt;margin-bottom:8pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:10pt;"><font style="font-family:Times New Roman;">Reimbursement for the cost of health insurance for the 17-month period following the Termination Date, less the amount that the Company would have paid for such health insurance had Mr. Rapp remained employed during the 17-month period following the Termination Date.&nbsp;&nbsp;</font></p></td></tr></table></div>
<p style="margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:6.67%;">As a condition to receiving the severance payment described above, for the 17-month period following the Termination Date, Mr. Rapp must comply with covenants related to non-competition and non-solicitation of employees and other service providers.&nbsp;&nbsp;Mr. Rapp must also continue to comply with the confidentiality covenants by which he is bound.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:6.67%;">Any outstanding equity grants held by Mr. Rapp on the Termination Date will vest on a pro-rata basis as a result of Mr. Rapp&#8217;s departure in accordance with the terms of such equity grants, and any vested Stock Only Stock Appreciation Rights (&#8220;SOSARS&#8221;) will remain exercisable until the earlier to occur of the third anniversary of the Termination Date or the end of the applicable SOSAR term.&nbsp;&nbsp; </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:6.67%;">All amounts in U.S. Dollars were calculated assuming a 1 Euro to 1.14 U.S. Dollar exchange ratio. </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:6.67%;">The description of the agreement set forth above is qualified by reference to the Separation Agreement filed herewith as Exhibit 10.1 and incorporated herein by reference.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 9.01 Financial Statements and Exhibits.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d) Exhibits</p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following exhibits are filed herewith:</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.1<font style="margin-left:36pt;"></font><a href="glt-ex101_6.htm"><font style="text-decoration:underline;">Separation Agreement and General Release between Martin Rapp and P. H. Glatfelter Company, filed herewith</font></a>.</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a><font style="font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SIGNATURES</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">P. H. Glatfelter Company</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">May 2, 2019</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By:</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Eileen L. Beck</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:42.8%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name: Eileen L. Beck</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>glt-ex101_6.htm
<DESCRIPTION>EX-10.1 SEPARATION AGREEMENT
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10.5pt;font-family:Tahoma;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10.5pt;font-family:Tahoma;font-style:normal;text-transform:none;font-variant: normal;">Abwicklungsvereinbarung / Separation Agreement</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">zwischen / between </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Glatfelter Gernsbach GmbH, H&#246;rdener Stra&#223;e 3-7, 76593 Gernsbach</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(&#8222;Gesellschaft&#8220; / &#8222;Company&#8220;),</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">und / and</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Herrn Martin Rapp, Kelterbergstrasse 14, 76593 Gernsbach</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(&#8222;Gesch&#228;ftsf&#252;hrer&#8220; / &#8222;Director&#8220;)</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<div align="left">
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.Die Gesellschaft und der Gesch&#228;ftsf&#252;hrer sind sich dar&#252;ber einig, dass der Anstellungsvertrag vom 2. / 21. Juni 2006 (&#8222;Anstellungsvertrag&#8220;) aufgrund der K&#252;ndigung der Gesellschaft vom 27. M&#228;rz 2019 mit Ablauf des 30. September 2019 (&#8222;Beendigungstermin&#8220;) enden wird. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.The Company and the Director agree that the service agreement dated June 2 / 21, 2006 (&#8220;Service Agreement&#8221;) will terminate with effect from September 30, 2019 (&#8220;Termination Date&#8221;) due to the Company&#8217;s termination notice of March 27, 2019. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.Die Gesellschaft zahlt an den Gesch&#228;ftsf&#252;hrer eine Abfindung in H&#246;he von 676.386,84 EUR brutto, wenn der Gesch&#228;ftsf&#252;hrer zum Beendigungstermin eine von der Gesellschaft zur Verf&#252;gung gestellte Verzichtsvereinbarung in der in Anlage A bestimmten Form (&#8222;Verzichtsvereinbarung&#8220;) unterzeichnet. Die Abfindung ist als Einmalbetrag am 1. Oktober 2019 f&#228;llig, vorausgesetzt, dass der Gesch&#228;ftsf&#252;hrer zuvor die Verzichtsvereinbarung unterzeichnet hat. Der Anspruch auf die Abfindung entsteht mit Unterzeichnung dieses Vertrages. Er ist sofort vererblich, unabh&#228;ngig von der Unterzeichnung der Verzichtsvereinbarung durch den Gesch&#228;ftsf&#252;hrer.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.The Company shall pay to the Director severance in the amount of EUR 676,386.84 gross if the Director signs a release agreement provided by the Company upon the Termination Date in the form set forth on Exhibit A (&#8220;Release Agreement&#8221;). Severance shall be due in a lump sum on October 1, 2019, provided that the Director has previously signed the Release Agreement. The severance entitlement arises upon the signing of this Agreement. It is immediately inheritable, regardless of the signing of the Release Agreement by the Director.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.Der Anstellungsvertrag wird vorbehaltlich der folgenden Bestimmungen bis zum Beendigungstermin ordnungsgem&#228;&#223; erf&#252;llt und abgerechnet. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.Subject to the following provisions, the Service Agreement shall properly be performed and accounted for until the Termination Date. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.Bis zum Beendigungstermin wird der Gesch&#228;ftsf&#252;hrer seine Pflichten weiter erf&#252;llen, wie von der Gesellschaft verlangt, und auf einen nahtlosen &#220;bergang hinarbeiten.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.Until the Termination Date, the Director will continue to perform his duties as requested by the Company and will work to affect a smooth transition. </p></td>
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<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Page 1</a> of 9</p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a>5.Soweit der Gesch&#228;ftsf&#252;hrer ein Amt bei einem verbundenen Unternehmen innehat, wird die Gesellschaft sicherstellen, dass der </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Gesch&#228;ftsf&#252;hrer sp&#228;testens mit Wirkung zum Beendigungstermin von diesem Amt abberufen wird. </font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a>5.<a name="_AEIOULastRenderedPageBreakAEIOU3"></a>To the extent that the Director holds any office with an affiliated undertaking, the Company will ensure that the Director is recalled from such office with effect from the Termination Date at the latest.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU4"></a>6.Bis zum Beendigungstermin wird der Gesch&#228;ftsf&#252;hrer weiter Gehalt in der derzeit geltenden H&#246;he und Sozialleistungen nach den Bedingungen der geltenden Leistungsordnungen erhalten.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.Until the Termination Date, the Director will continue to receive salary at the rate currently in effect and benefits according to the terms of the applicable benefit plans.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7.Die Gesellschaft zahlt an den Gesch&#228;ftsf&#252;hrer einen anteiligen Bonus f&#252;r 2019 mit einem garantierten Zielerreichungsgrad von 94 %, basierend auf der letzten Voraussch&#228;tzung, in H&#246;he von 141.071,93 EUR. Der Bonus ist zum Beendigungstermin f&#228;llig.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7.The Company pays to the Director a prorated 2019 bonus, guaranteed at 94% of target based on last forecast, in the amount of EUR 141,071.93. The bonus shall be due upon the Termination Date.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8.Der Gesch&#228;ftsf&#252;hrer hat die Gelegenheit, einen zus&#228;tzlichen Bonus im Betrag von 59.029,82 EUR zu verdienen, abh&#228;ngig von der erfolgreichen &#220;berleitung, wie in den einvernehmlich zwischen dem Gesch&#228;ftsf&#252;hrer und dem Glatfelter CEO vereinbarten Zielen definiert. Ein etwaiger zus&#228;tzlicher Bonus ist im Februar 2020 w&#228;hrend des j&#228;hrlichen administrativen MIP-Zyklus f&#228;llig. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8.The Director has the opportunity to earn an additional bonus in the amount of EUR 59,029.82, subject to successful transition as defined by goals mutually agreed between the Director and the Glatfelter CEO. Any such additional bonus shall be due in February 2020 during the annual MIP administrative cycle.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9.Zum Beendigungstermin noch nicht genommener Urlaub wird finanziell abgegolten.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9.Vacation that remains untaken upon the Termination Date shall be compensated financially.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.Aktienbasierte Verg&#252;tungen des Gesch&#228;ftsf&#252;hrers werden anteilig unverfallbar, basierend auf dem Ausscheiden des Gesch&#228;ftsf&#252;hrers, gem&#228;&#223; den Bedingungen der Zuteilungsvertr&#228;ge und des Glatfelter Long Term Incentive Plan. Das bedeutet insbesondere:</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.Any equity compensation of the Director shall vest pro rata based on the Director&#8217;s retirement in accordance with the terms of the equity grant agreements and the Glatfelter Long Term Incentive Plan. This means in particular without limitation:</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)Noch nicht unverfallbare Restricted Stock Units (RSUs) und Stock-Only Stock Appreciation Rights (SOSARs) werden anteilig unverfallbar.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)Unvested restricted stock units (RSUs) and stock-only stock appreciation rights (SOSARs) will vest pro rata.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)SOSARs sind bis drei Jahre nach dem 30. September 2019 oder, falls eher, bis zum Ende ihrer Laufzeit aus&#252;bbar.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)SOSARs are exercisable for three years following the September 30, 2019 or until the end of their term, if sooner.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)Noch nicht unverfallbare Performance Share Units (PSUs), die zum 30. September 2019 ein Jahr gehalten wurden, werden anteilig unverfallbar, basierend auf der Erreichung der Performance-Ziele.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)Unvested performance share units (PSUs) that have been held for one year upon the September 30, 2019 will vest pro rata, based on achievement of performance goals.</p></td>
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<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Page 2 of 9</p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU5"></a><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11.</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Art. 13 des Anstellungsvertrages </font><font style="font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Confidentiality and Return of Property) </font><font style="font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">bleibt unber&#252;hrt.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11.Art. 13 of the Service Agreement (Confidentiality and Return of Property) shall remain unaffected.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12.Der Gesch&#228;ftsf&#252;hrer wird keine Aktivit&#228;ten aus&#252;ben oder Erkl&#228;rungen abgeben, die die Gesellschaft herabsetzen oder sich negativ auf die Gesellschaft oder mit ihr verbundene Unternehmen oder Funktionstr&#228;ger, Organe oder Mitarbeiter der Gesellschaft oder mit ihr verbundener Unternehmen auswirken. Diese Bestimmung umfasst insbesondere Internetkommentare unter einem Alias-Namen sowie anonyme Medienkontakte.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12.The Director shall not engage in any activities or make any statements that disparage or reflect negatively on the Company or its affiliates, or officers, directors, or employees of the Company or its affiliates. This provision shall include, but not be limited to, Internet postings under an alias, as well as anonymous media contacts.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13.Soweit Art. 14 des Anstellungsvertrages auf Zeiten nach dem Beendigungstermin anzuwenden ist, wird er durch die folgenden Bestimmungen ersetzt:</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13.To the extent that Art. 14 of the Service Agreement applies to periods following the Termination Date, it shall be replaced with the following provisions:</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)Der Gesch&#228;ftsf&#252;hrer ist verpflichtet, w&#228;hrend eines Zeitraums von 17 Monaten&nbsp;&nbsp;nach dem Beendigungstermin (der &#8222;Verbotszeitraum&#8220;) nicht f&#252;r ein Unternehmen t&#228;tig zu werden, welches unmittelbar oder mittelbar mit der Gesellschaft in den Produktkategorien der Composite Fibers Business Unit in Wettbewerb steht oder mit einem solchen Wettbewerbsunternehmen verbunden ist. Diese Wettbewerbsbeschr&#228;nkung erstreckt sich auch auf die Errichtung, den Erwerb und die unmittelbare oder mittelbare Beteiligung an einem Wettbewerbsunternehmen. Sie gilt auch zugunsten der mit der Gesellschaft verbundenen Unternehmen.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)The Director shall be obliged for a period of 17 months following the Termination Date (the &#8220;Restricted Period&#8221;) not to become active for an undertaking which directly or indirectly competes with the Company in the product categories within the Composite Fibers Business Unit or that is affiliated with such competing undertaking. This restrictive covenant extends also to the establishment, the acquisition and the indirect or direct participation in a competing undertaking. It also applies in favor of the undertakings affiliated with the Company. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)W&#228;hrend des Verbotszeitraums darf der Gesch&#228;ftsf&#252;hrer weder unmittelbar noch mittelbar eine Person werben, rekrutieren oder zu &#252;berreden versuchen, ihr Arbeits- bzw. Dienstverh&#228;ltnis mit der Gesellschaft oder einem mit ihr verbundenen Unternehmen zu beenden, und der Gesch&#228;ftsf&#252;hrer darf mit solchen Personen auch keinen Kontakt haben, um &#252;ber die Beendigung ihres Arbeits- bzw. Dienstverh&#228;ltnisses mit der Gesellschaft oder einem mit ihr verbundenen Unternehmen zu sprechen oder sie dabei zu unterst&#252;tzen, selbst wenn solche Personen den Kontakt initiieren.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)During the Restricted Period, the Director shall neither directly nor indirectly solicit, recruit or attempt to persuade any person to leave his or her employment or service with the Company or any of its affiliates, nor shall the Director have any contact with such persons for the purpose of discussing or aiding their departure or termination from employment or service with the Company or any of its affiliates, even if such persons initiate the contact.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU6"></a><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Die Entsch&#228;digung f&#252;r die Wettbewerbsbeschr&#228;nkungen nach vorstehenden Buchstaben (a) und (b) ist in der Abfindung nach Ziffer 2 enthalten.</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Erh&#228;lt der Gesch&#228;ftsf&#252;hrer keine Abfindung, weil er die Verzichtsvereinbarung nicht unterzeichnet, erh&#228;lt er </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">nur </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">eine Karenzentsch&#228;digung in H&#246;he von 50 % seines letzten monatlichen </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Brutto-</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Grund</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">gehalts (Art. 4 des Anstellungsvertrages) f&#252;r jeden Monat des Verbotszeitraums</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">. Der Gesch&#228;ftsf&#252;hrer erh&#228;lt jedoch </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">keine </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">solche Karenzentsch&#228;digung, wenn </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">die </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Unterzeichnung der Verzichtsvereinbarung </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">aufgrund des Todes</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> des Gesch&#228;ftsf&#252;hrers unterbleibt.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)The compensation for the restrictive covenants at lit. (a) and (b) above is included in the severance under clause 2 above. If the Director does not receive severance because he fails to sign the Release Agreement he shall receive only compensation in the amount of 50% of his last monthly gross base salary (Art. 4 of the Service Agreement) for each month of the Restricted Period. However, the Director shall not receive such compensation if the failure to sign the Release Agreement is due to the Director&#8217;s death. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)Soweit in diesem Vertrag nicht anders bestimmt, gelten f&#252;r diese Wettbewerbsbeschr&#228;nkungen die &#167;&#167; 74 ff. des Handelsgesetzbuchs, mit Ausnahme von &#167; 74c.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)Unless provided for otherwise in this Agreement, Sections 74 ss. of the Commercial Code, with the exception of Section 74c, shall apply to these restrictive covenants.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(e)Verletzt der Gesch&#228;ftsf&#252;hrer eine der Wettbewerbsbeschr&#228;nkungen nach vorstehenden Buchstaben (a) und (b), ist die Gesellschaft berechtigt, die Zahlung einer Vertragsstrafe&nbsp;&nbsp;in H&#246;he des letzten monatlichen Brutto-Grundgehalts f&#252;r jeden angefangenen Monat der Dauer einer solchen Verletzung verlangen, h&#246;chstens jedoch&nbsp;&nbsp;ein monatliches Brutto-Grundgehalt pro Kalendermonat. Das Recht, weiteren Schaden geltend zu machen, bleibt unber&#252;hrt.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:36pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(e)If the Director breaches any of the restrictive covenants at lit. (a) and (b) above the Company shall be entitled to a contractual penalty in the amount of his last monthly gross base salary (Art. 4 of the Service Agreement) for each month commenced of the duration of such breach, limited however to a maximum of one monthly gross base salary per calendar month. The right to claim further damage remains unaffected. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">14.W&#228;hrend des Verbotszeitraums erstattet die Gesellschaft dem Gesch&#228;ftsf&#252;hrer die monatlichen Kosten der Krankenversicherung, soweit diese monatlichen Kosten die Zahlungen der Gesellschaft an den Gesch&#228;ftsf&#252;hrer f&#252;r die Krankenversicherung nach Art. 9 des Anstellungsvertrages f&#252;r September 2019 &#252;bersteigen.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">14.During the Restricted Period the Company shall reimburse the Director for the monthly cost of obtaining health insurance to the extent that such monthly cost exceeds the payments for health insurance made by the Company to the Director under Art. 9 of the Service Agreement for September 2019.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU7"></a>15.Die Gesellschaft zahlt einen Betrag von h&#246;chstens 26.315,79 EUR (ausschlie&#223;lich USt.) f&#252;r Outplacement-Dienstleistungen einer Outplacement-Agentur nach Wahl des Gesch&#228;ftsf&#252;hrers. The Rechnung der Outplacement-Agentur muss an die Gesellschaft gestellt werden. Anstelle einer Zahlung der Gesellschaft f&#252;r Outplacement-Dienstleistungen kann der Gesch&#228;ftsf&#252;hrer die Zahlung eines </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Brutto-Einmalbetrages in derselben H&#246;he w&#228;hlen.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU8"></a>15.The Company shall pay an amount not to exceed EUR 26,315.79 (exclusive of VAT) for outplacement services at an outplacement agency to be selected by the Director. The outplacement agency&#8217;s invoice for the outplacement services shall be made out to the Company. In lieu of a Company payment for outplacement services, the Director may elect payment of <a name="_AEIOULastRenderedPageBreakAEIOU8"></a>a gross cash lump sum in the same amount.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU9"></a>16.Ab seinem 60. Geburtstag kann der Gesch&#228;ftsf&#252;hrer vorzeitige Altersleistungen nach Ma&#223;gabe des Altersversorgungsvertrages vom 31. Januar / 5. Februar 2008 in Anspruch nehmen. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16.From his 60th birthday, the Director will be entitled to receive early retirement benefits in accordance with the Retirement Pension Contract dated January 31 / February 5, 2008. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17.Die Parteien sind verpflichtet, &#252;ber Existenz und Inhalt dieser Vereinbarung Stillschweigen zu bewahren, soweit weder eine gesetzliche Offenbarungspflicht besteht noch die Geltendmachung von Rechtsanspr&#252;chen eine Offenlegung dieser Vereinbarung gegen&#252;ber Beh&#246;rden, Gerichten oder gesetzlich zur Verschwiegenheit verpflichteten Berufstr&#228;gern erfordert. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17.The parties shall be obliged to keep confidential the existence and the contents of this Agreement unless either a statutory disclosure obligation exists or the assertion of legal claims requires the disclosure of this Agreement to authorities, courts or professionals subject to statutory confidentiality obligations. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">18.Etwaige sonstige Arbeits- und/oder Anstellungsverh&#228;ltnisse zwischen dem Gesch&#228;ftsf&#252;hrer einerseits und der Gesellschaft bzw. einem mit ihr verbundenen Unternehmen andererseits enden ebenfalls zum Beendigungstermin. Der Gesch&#228;ftsf&#252;hrer wird alle &#196;mter als Funktionstr&#228;ger und/oder Gesch&#228;ftsf&#252;hrer der Gesellschaft und der mit ihr verbundenen Unternehmen mit Wirkung zum Beendigungstermin niederlegen und verpflichtet sich, diejenigen die Amtsniederlegungen best&#228;tigenden Schreiben zu unterzeichnen, welche die Gesellschaft verlangt. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">18.Any other employment and/or service agreements between the Director on the one hand and the Company or any of its affiliates on the other hand shall also terminate upon the Termination Date. The Director shall resign from all positions as an officer and/or director of the Company and its affiliates as of the Termination Date and agrees to sign such letters confirming such resignations as the Company may require. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">19.Der Gesch&#228;ftsf&#252;hrer wird jedem angemessenen Verlangen der Gesellschaft entsprechen, an der Vorbereitung auf einen bevorstehenden, gegenw&#228;rtigen oder drohenden Rechtsstreit, der die Gesellschaft oder ein mit ihr verbundenes Unternehmen betrifft, der Beantwortung eines solchen Rechtsstreits, der Verfolgung eines solchen Rechtstreits bzw. der Verteidigung in einem solchen Rechtsstreit mitzuwirken. Gegen Vorlage geeigneter Unterlagen erstattet die Gesellschaft dem Gesch&#228;ftsf&#252;hrer alle angemessenen Auslagen, die dem Gesch&#228;ftsf&#252;hrer aufgrund einer solchen Zusammenarbeit entstehen.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">19.The Director shall cooperate with any reasonable request of the Company to participate in the preparation for, response to, prosecution of and/or defense of any pending, actual, or threatened litigation involving the Company or its affiliates.&nbsp;&nbsp;Upon submission of appropriate documentation, the Company will reimburse the Director for all reasonable out-of-pocket expenses that the Director may incur as a result of such cooperation.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU10"></a>20.Diese Vereinbarung ist vollst&#228;ndig; m&#252;ndliche Nebenabreden sind nicht getroffen worden. &#196;nderungen und Erg&#228;nzungen dieser Vereinbarung bed&#252;rfen zu ihrer Wirksamkeit der Schriftform. Dies gilt auch f&#252;r die Aufhebung des Schriftformerfordernisses. &#167; 305b BGB bleibt </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">unber&#252;hrt.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU11"></a>20.This Agreement is complete; oral side agreements have not been made. Modifications and amendments to this Agreement must be in writing in order to be valid. This shall apply also to the cancellation of the written form requirement. <a name="_AEIOULastRenderedPageBreakAEIOU11"></a>Section 305b of the Civil Code shall remain unaffected.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU12"></a>21.Sollte eine Bestimmung dieser Vereinbarung ganz oder teilweise rechtsunwirksam sein oder werden, so wird die G&#252;ltigkeit der &#252;brigen Bestimmungen dieser Vereinbarung dadurch nicht ber&#252;hrt. Die unwirksame Bestimmung ist durch diejenige wirksame Bestimmung zu ersetzen, die dem wirtschaftlichen Zweck der urspr&#252;nglich vereinbarten Regelung so nahe wie m&#246;glich kommt. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21.Should any provision of this Agreement be or become invalid in full or in part, this shall not affect the validity of the remaining provisions of this Agreement. The invalid provision shall be replaced with that valid provision which comes as close as possible to what the parties wanted the originally agreed provision to achieve commercially. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22.Im Zweifel hat die deutsche Fassung dieser Vereinbarung Vorrang vor der englischen Fassung.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22.In case of doubt, the German version of this Agreement shall prevail over the English version.</p></td>
</tr>
</table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:-3.81%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:-3.81%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;margin-right:12.48%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">23 April 2019, Gernsbach</font><font style="margin-left:-36pt;"></font><font style="margin-left:36pt;"></font><font style="text-decoration:underline;">/s/ Raphael Gutwein__</font>___</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ort, Datum<font style="margin-left:-36pt;"></font>/ City, Date<font style="margin-left:-36pt;"></font><font style="margin-left:0pt;"></font><font style="margin-left:18pt;"></font><font style="margin-left:72pt;"></font><font style="margin-left:108pt;"></font>Glatfelter Gernsbach GmbH, </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">vertreten durch/represented by </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Glatfelter Luxembourg S.&#224;.r.l.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">vertreten durch/represented by </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name: Raphael Gutwein</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title: <font style="text-decoration:underline;">(*)</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">23 April 2019, Gernsbach</font><font style="margin-left:-36pt;"></font><font style="margin-left:36pt;"></font><font style="text-decoration:underline;">/s/ Martin Rapp__________</font> </p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ort, Datum<font style="margin-left:-36pt;"></font>/ City, Date<font style="margin-left:-36pt;"></font><font style="margin-left:36pt;"></font>Martin Rapp</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">*<font style="margin-left:-36pt;"> Power of Attorney</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU13"></a><br /></p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:8pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Page 6 of 9</p>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Exhibit A</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Verzichtsvereinbarung / Release Agreement</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">zwischen / between </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Glatfelter Gernsbach GmbH, H&#246;rdener Stra&#223;e 3-7, 76593 Gernsbach</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (&#8222;Gesellschaft&#8220; / &#8222;Company&#8220;),</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">und / and</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Herrn Martin Rapp, Kelterbergstrasse 14, 76593 Gernsbach</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (&#8222;Gesch&#228;ftsf&#252;hrer&#8220; / &#8222;Director&#8220;)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:106.49%;">
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<td style="width:52.76%;"></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.Die Gesellschaft und der Gesch&#228;ftsf&#252;hrer sind Parteien einer Abwicklungsvereinbarung vom [Datum] (&#8222;Abwicklungsvereinbarung&#8220;), nach der das Anstellungsverh&#228;ltnis des Gesch&#228;ftsf&#252;hrers mit der Gesellschaft zum 30. September 2019 geendet hat.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:21.6pt;;text-indent:-21.6pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.The Company and the Director are parties to a Separation Agreement dated [date] (&#8220;Separation Agreement&#8221;) pursuant to which the Director&#8217;s service agreement with the Company terminated with effect from September 30, 2019. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.Die Parteien sind verpflichtet, &#252;ber Existenz und Inhalt dieser Vereinbarung Stillschweigen zu bewahren, soweit weder eine gesetzliche Offenbarungspflicht besteht noch die Geltendmachung von Rechtsanspr&#252;chen eine Offenlegung dieser Vereinbarung gegen&#252;ber Beh&#246;rden, Gerichten oder gesetzlich zur Verschwiegenheit verpflichteten Berufstr&#228;gern erfordert. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:21.6pt;;text-indent:-21.6pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.The parties shall be obliged to keep confidential the existence and the contents of this Agreement unless either a statutory disclosure obligation exists or the assertion of legal claims requires the disclosure of this Agreement to authorities, courts or professionals subject to statutory confidentiality obligations.</p></td>
</tr></table></div>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Page 7</a> of 9</p>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU14"></a>3.Mit Ausnahme der in dieser Vereinbarung und der Abwicklungsvereinbarung genannten Anspr&#252;che sind mit Unterzeichnung dieser Vereinbarung s&#228;mtliche Anspr&#252;che des Gesch&#228;ftsf&#252;hrers gegen die Gesellschaft aus und im Zusammenhang mit dem Anstellungsverh&#228;ltnis und seiner Beendigung &#8211; gleich aus welchem Rechtsgrund, ob bekannt oder unbekannt &#8211; erledigt. Die Geltendmachung weiterer Anspr&#252;che &#8211; gleich aus welchem Rechtsgrund &#8211; ist ausgeschlossen. Der Gesch&#228;ftsf&#252;hrer verpflichtet sich, solche Anspr&#252;che auch nicht gegen mit der Gesellschaft verbundene Unternehmen oder Funktionstr&#228;ger, Organe oder Mitarbeiter der Gesellschaft oder der mit ihr verbundenen Unternehmen geltend zu machen. Die vorstehenden S&#228;tze gelten nicht f&#252;r Anspr&#252;che aus unerlaubter Handlung aufgrund von Vorsatz oder grober Fahrl&#228;ssigkeit und vors&#228;tzlicher Vertragsverletzung, unverfallbare Anwartschaften aus betrieblicher </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Altersversorgung</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Anspr&#252;che aus Regelungen, die (auch) nach Beendigung des Anstellungsverh&#228;ltnisses gelten</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, Anspr&#252;che auf den gesetzlichen Mindestlohn</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> sowie </font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Schadense</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">rsatzanspr&#252;che der in &#167;&#160;309 Nr.&#160;</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7 BGB bestimmten Art.</font><font style="font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:21.6pt;;text-indent:-21.6pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU15"></a>3.Save for the claims mentioned in this Agreement and in the Separation Agreement, all claims of the Director vis-&#224;-vis the Company from and in connection with the service agreement and its termination &#8211; regardless of the legal basis and whether known or unknown &#8211; shall be deemed settled upon the signing of this Agreement. No further claims &#8211; regardless of the legal basis &#8211; can be asserted. The Director agrees to refrain from asserting such claims against affiliates of the Company or officers, directors, or employees of the Company and its affiliates. The foregoing sentences shall not apply to tort claims based on willful conduct or gross negligence and claims for willful breach of contract, vested company pension entitlements, claims under provisions that apply (also) following the termination of the service agreement, claims to statutory minimum wage, and <a name="_AEIOULastRenderedPageBreakAEIOU15"></a>claims for damages of the nature outlined in Section 309 no. 7 of the Civil Code. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:0pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU16"></a>Umgekehrt sind, mit Ausnahme der in dieser Vereinbarung und der Abwicklungsvereinbarung genannten Anspr&#252;che, mit Unterzeichnung dieser Vereinbarung s&#228;mtliche Anspr&#252;che der Gesellschaft gegen den Gesch&#228;ftsf&#252;hrer aus und im Zusammenhang mit dem Anstellungsverh&#228;ltnis und seiner Beendigung &#8211; gleich aus welchem Rechtsgrund, ob bekannt oder unbekannt &#8211; erledigt, ausgenommen die vors&#228;tzliche bzw. grob fahrl&#228;ssige Verletzung anwendbarer Rechts- oder regulatorischer Vorschriften oder des Glatfelter Code of Business Conduct sowie Anspr&#252;che aufgrund vors&#228;tzlichen Fehlverhaltens oder grober Fahrl&#228;ssigkeit. Es wird klargestellt, dass die Bestimmungen der Glatfelter Clawback Policy gem&#228;&#223; ihren Bestimmungen unabh&#228;ngig von dieser Bestimmung in Kraft bleiben.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:21.6pt;;text-indent:0pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Conversely, save for the claims mentioned in this Agreement and in the Separation Agreement, upon the signing of this Agreement, all claims of the Company against the Director from and in connection with the service agreement and its termination are released &#8211; regardless of the legal grounds and whether known or unknown &#8211; , except for willful or grossly negligent violations of applicable law or regulations or the Glatfelter Code of Business Conduct or claims due to willful misconduct or gross negligence. For avoidance of doubt, the terms of Glatfelter&#8217;s Clawback Policy remain in effect in accordance with its terms, regardless of this provision. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.Diese Vereinbarung ist vollst&#228;ndig; m&#252;ndliche Nebenabreden sind nicht getroffen worden. &#196;nderungen und Erg&#228;nzungen dieser Vereinbarung bed&#252;rfen zu ihrer Wirksamkeit der Schriftform. Dies gilt auch f&#252;r die Aufhebung des Schriftformerfordernisses. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:21.6pt;;text-indent:-21.6pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.This Agreement is complete; oral side agreements have not been made. Modifications and amendments to this Agreement must be in writing in order to be valid. This shall apply also to the cancellation of the written form requirement.</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.Sollte eine Bestimmung dieser Vereinbarung ganz oder teilweise rechtsunwirksam sein oder werden, so wird die G&#252;ltigkeit der &#252;brigen Bestimmungen dieser Vereinbarung dadurch nicht ber&#252;hrt. Die unwirksame Bestimmung ist durch diejenige wirksame Bestimmung zu ersetzen, die dem wirtschaftlichen Zweck der urspr&#252;nglich vereinbarten Regelung so nahe wie m&#246;glich kommt. </p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:21.6pt;;text-indent:-21.6pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.Should any provision of this Agreement be or become invalid in full or in part, this shall not affect the validity of the remaining provisions of this Agreement. The invalid provision shall be replaced with that valid provision which comes as close as possible to what the parties wanted the originally agreed provision to achieve commercially. </p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.Im Zweifel hat die deutsche Fassung dieser Vereinbarung Vorrang vor der englischen Fassung.</p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:18pt;;text-indent:-18pt;;font-family:Times New Roman;font-weight:bold;;font-size:10.5pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:21.6pt;;text-indent:-21.6pt;;font-size:10.5pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.In case of doubt, the German version of this Agreement shall prevail over the English version.</p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;margin-right:12.48%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;margin-right:12.48%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:8pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Page 8</a> of 9</p>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">23 April 2019, Gernsbach</font><font style="margin-left:-36pt;"></font><font style="margin-left:36pt;"></font><font style="text-decoration:underline;">/s/ Raphael Gutwein</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ort, Datum<font style="margin-left:-36pt;"></font>/ City, Date<font style="margin-left:-36pt;"></font><font style="margin-left:0pt;"></font><font style="margin-left:18pt;"></font><font style="margin-left:72pt;"></font><font style="margin-left:108pt;"></font>Glatfelter Gernsbach GmbH, </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">vertreten durch/represented by </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Glatfelter Luxembourg S.&#224;.r.l.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">vertreten durch/represented by </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name: Raphael Gutwein</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title: (*)</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:60.9%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">23 April 2019, Gernsbach</font><font style="margin-left:-36pt;"></font><font style="margin-left:36pt;"></font><font style="text-decoration:underline;">/s/ Martin Rapp</font> _____________</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ort, Datum<font style="margin-left:-36pt;"></font>/ City, Date<font style="margin-left:-36pt;"></font><font style="margin-left:36pt;"></font>Martin Rapp</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-size:10.5pt;font-family:Tahoma;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">*<font style="margin-left:-36pt;"> Power of Attorney</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.81%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:7.61%;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:8pt;font-family:Tahoma;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Page 9</a> of 9</p></body>
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