Common use of Coverage under COBRA Clause in Contracts

Coverage under COBRA. If you were enrolled in IP medical coverage on your Last Day of Active Employment, then you are eligible for COBRA coverage for up to a total of 18 months by federal law. You must complete a COBRA election form to receive the COBRA coverage. If you do so, IP will pay up to the first six (6) months of premiums of COBRA coverage for you and your eligible dependents. If you want your COBRA coverage to continue after that time (subject to the normal rules of COBRA), you will be required to pay the applicable monthly rate for the additional period of coverage. Enrollment in Medicare after you elect COBRA will terminate your COBRA coverage. Same, except that you will not be eligible for six months of IP-paid COBRA premiums. Pg. 8 COBRA and pre-Medicare Medical Coverage (continued) ● Retiree medical coverage for pre-Medicare retirees. IP does not offer a group medical plan or other retiree medical coverage. IP has contracted with Via Benefits, a company assisting pre-Medicare retirees to enroll in medical plans. Via Benefits will assist you in selecting health care coverage through the Health Insurance Marketplace – that is, your individual medical and prescription drug plan. IP has established a pre-Medicare Retiree Health Reimbursement Arrangement (HRA)4 for the benefit of eligible retirees to assist in the payment of eligible health care expenses. You are eligible for a pre-Medicare HRA if you are: ● at least age 55 with 10 years of service on your Last Day of Active Employment, and ● your age plus service with IP was greater than or equal to 60 as of Jan. 1, 2004 (this does not apply to employees working for a company acquired by IP post 12/31/03), and ● you are not eligible for Medicare, and you are not enrolled in COBRA.

Coverage under COBRA. If you were enrolled in IP medical coverage on your Last Day of Active EmploymentEmployment Separation Date, then you are eligible for COBRA coverage for up to a total of 18 months by federal law. You must complete a COBRA election form to receive the COBRA coverage. If you do so, IP will pay up to the first six (6) months of premiums of COBRA coverage for you and your eligible dependents. If you want your COBRA coverage to continue after that time (subject to the normal rules of COBRA), you will be required to pay the applicable monthly rate for the additional period of coverage. Enrollment in Medicare after you elect COBRA will terminate your COBRA coverage. Same, except that you will not be eligible for six months of IP-paid COBRA premiums. Pg. 8 International Paper Company Termination Agreement – Exhibit 1 – Revised 12/10/2015 COBRA and pre-Medicare Medical Coverage Medical4 (continued) ● Retiree medical coverage for pre-Medicare retirees. IP does not offer a group medical plan or other retiree medical coverage. IP has contracted with Via BenefitsOneExchange, a company assisting pre-Medicare retirees to enroll in medical plans. Via Benefits OneExchange will assist you in selecting health care coverage through the Health Insurance Marketplace – that is, your individual medical and prescription drug plan. IP has established a pre-Medicare Retiree Health Reimbursement Arrangement (HRA)4 for the benefit of eligible retirees to assist in the payment of eligible health care expenses. You are eligible for a pre-Medicare HRA if you are: ● at least age 55 with 10 years of service on your Last Day of Active EmploymentEmployment Separation Date, and ● your age plus service with IP was greater than or equal to 60 as of Jan. 1, 2004 (this does not apply to employees working for a company acquired by IP post 12/31/03)2004, and ● you are not eligible for Medicare, and you are not enrolled in COBRA.