The Illinois Executive Retirement Agreement of Georgia Pacific Corp. is a comprehensive retirement plan specifically designed for high-level executives within the company who are based in the state of Illinois. This retirement agreement offers a range of benefits, incentives, and provisions tailored to meet the unique needs and requirements of these executives, ensuring a secure and comfortable retirement. One of the key features of the Illinois Executive Retirement Agreement is a guaranteed fixed income for the duration of the executive's retirement. This income is typically determined based on factors like the executive's salary, years of service, and job level within the company. By providing a stable and predictable income stream, this retirement plan allows executives to plan and enjoy their retirement years without financial concerns. In addition to the guaranteed fixed income, the Illinois Executive Retirement Agreement also provides various other benefits such as medical and healthcare coverage. This ensures that the retired executives continue to have access to quality healthcare services, relieving potential financial burden during their retirement years. Another notable aspect of this retirement agreement is the option for executives to receive a lump sum payment upon retirement. This allows executives to have greater control over their retirement funds and invest, manage, or use the funds according to their specific needs and preferences. Furthermore, the agreement may include provisions for company-sponsored life insurance policies, which provide financial security for the executive's beneficiaries in the event of their death during retirement. This feature ensures that the executive's loved ones are well taken care of even after their passing. It is important to note that the Illinois Executive Retirement Agreement of Georgia Pacific Corp. may come in different types or variations, depending on the executive's position, years of service, and specific circumstances. These variations may offer additional benefits or modifications to better suit the executive's individual needs. Some potential variations could include enhanced healthcare coverage, increased lump sum amounts, or additional investment options. In conclusion, the Illinois Executive Retirement Agreement of Georgia Pacific Corp. is a comprehensive retirement plan tailored for high-level executives based in Illinois. With guaranteed fixed income, healthcare coverage, lump sum options, and other provisions, this retirement agreement ensures that retiring executives have a financially secure and rewarding retirement.
Illinois Executive Retirement Agreement of Georgia Pacific Corp.
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How to fill out Illinois Executive Retirement Agreement Of Georgia Pacific Corp.?
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Georgia-Pacific Retirement Plan A retirement plan is available. Competitive 401k match and good tools to manage program. Great retirement options and variety.
Georgia-Pacific offers GEORGIA-PACIFIC LLC 401(K) RETIREMENT SAVINGS PLAN through Alight. Their plan covers 22,349 employees.
Georgia-Pacific Headquarters In 2005 the company was acquired by Koch Industries and became a privately held, wholly owned subsidiary. Georgia-Pacific continues to operate from its Atlanta headquarters.
On December 23, 2005, Koch Industries finalized the $21 billion acquisition of Georgia-Pacific. Georgia-Pacific was removed from the NYSE (it had traded under the symbol GP) and shareholders surrendered their shares for about $48 per share.
Bakelite Synthetics completes acquisition of Georgia-Pacific Chemicals. The transaction includes 11 chemical facilities employing approximately 600 people in the U.S. and South America.
Whether you're at home or on the go, Georgia-Pacific provides packaging and goods to support your daily routine. Our household names include Quilted Northern® bath tissue, Brawny® paper towels, Dixie® cups and more.
Koch and William "Bill" Koch were bought out for $1.1 billion and Charles Koch and David Koch became majority owners in the company. Charles owns 42% of the company; trusts for the benefit of Elaine Tettemer Marshall (the daughter in-law of J. Howard Marshall) and Elaine's children, Preston Marshall and E.
Georgia-Pacific acquired by Koch Industries to become a privately held, wholly owned subsidiary.