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EXHIBIT 10.51
[Pacific Lumber Letterhead]
March 10, 1995
VIA CERTIFIED MAIL
Xx. Xxxx X. Xxxxxxxx
The Pacific Lumber Company
000 Xxxx Xxxxxx
Xxxxxx, Xxxxxxxxxx 00000
Dear Xxxx:
In accordance with Section 2.b. of the Employment Agreement dated as
of July 1, 1991 (the "Employment Agreement"), between you and The Pacific
Lumber Company (the "Company"), this letter (the "Letter Agreement") will serve
as evidence of the agreement between you and the Company to extend the
termination date of the Employment Agreement from June 30, 1995, to June 30,
1998.
Please sign the enclosed second original of this Letter Agreement and
return it to me at 0000 Xxx Xxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxx 00000, to
signify your approval of the extension of the term of the Employment Agreement.
Very truly yours,
THE PACIFIC LUMBER COMPANY
/s/ Xxxxx X. Xxxx
Xxxxx X. Xxxx
Vice President, Secretary
and Deputy General Counsel
I, Xxxx X. Xxxxxxxx, do hereby agree to extend the termination date of
the Employment Agreement dated as of July 1, 1991 (the "Agreement"), between
The Pacific Lumber Company (the "Company") and myself from June 30, 1995, to
June 30, 1998. All
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other terms of said Agreement remain unchanged and in full force and effect.
This extension shall not constitute any waiver or agreement to any further
extension by the Company.
/s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx
