Bowater Incorporated Equalization Benefits Plan

EXHIBIT 10.1


FIRST AMENDMENT TO THE
BOWATER INCORPORATED EQUALIZATION BENEFITS PLAN
AS AMENDED AND RESTATED EFFECTIVE FEBRUARY 26, 1999


WHEREAS, Bowater Incorporated (the "Company") previously amended and restated the Bowater Incorporated Equalization Benefits Plan as of February 26, 1999 (the "Plan");


WHEREAS, Section 9 of the Plan to permits the Human Resources and Compensation Committee of the Board of Directors of the Company (the "HRCC") to amend the Plan;


WHEREAS, the HRCC desires to amend the Plan to (i) provide for a lump sum distribution option and (ii) waive the vesting requirements under Section 6 for a specific Participant.


NOW, THEREFORE, effective November 6, 2001, the Plan shall be amended as follows:


1. The present provisions of Section 5 shall be labeled (A), and the
clause ("Except as may be otherwise elected by the Participant pursuant
to Section 5(B),") added at the beginning of the first sentence
thereof.

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