See multi level cutting two levels or less for overview.

Products featuring specialty cutting of three levels or more is less common. However, these products can meet complex design requirements and provide outstanding performance in special applications that might otherwise be unachievable with less sophisticated converting techniques. Multi level cutting is often used in combination with re-registration, multiple die stations, and multiple materials as shown in the examples provided.

The example shown below features five main cutting levels. This specialty die-cut features: trim-cut locating features, a pressure sensitive cut UHMW face-film, a pressure sensitive back-score, a trim-cut through the composite, and easy-tear perforations between parts