EXHIBIT 10.24.2
AMENDMENT NUMBER TWO TO THE
AGREEMENT AND DECLARATION OF TRUST OF THE
BOWATER INCORPORATED BENEFIT PLAN GRANTOR TRUST
Effective November 20th, 1996, the Agreement and Declaration of Trust of
the Bowater Incorporated Benefit Plan Grantor Trust, made as of May 20, 1988
between Bowater Incorporated and Wachovia Bank of North Carolina, N.A. (formerly
known as Wachovia Bank and Trust Company, N.A.)(the "Agreement") is hereby
amended pursuant to Section 10.1 of the Agreement as follows:
1. Section 1.2(q) is amended by adding the following sentence to the
end thereof: "Notwithstanding the foregoing, "Participant Data" shall
not include any information regarding the participants and
beneficiaries under a Plan who are residents, for income tax purposes,
of Canada."
2. The first sentence of Section 1.3 is amended to read as
follows:
"The Trust is established as a grantor trust within the meaning of
Sections 671 through 677 of the Code to hold the interests of
participants and their beneficiaries in the Plans, other than those
participants and beneficiaries who are residents, for income tax
purposes, of Canada."
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as of this 20th day of November 1996.
BOWATER INCORPORATED WACHOVIA BANK OF NORTH
CAROLINA, N.A.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: Vice President-Human Resources Title: Senior Vice President
Date Signed: December 5, 1996 Date Signed: December 20, 1996