Abitibi-Consolidated Inc. 1155, Metcalfe Street, Suite 800 Montréal, Québec, Canada H3B 5H2 Tel. 514-875-2160 Fax. 514-394-2213 Postal address: December 11, 2006 Post office Box 69 Montréal, Québec, Canada H3C 2R5
EXHIBIT
10.17
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Abitibi-Consolidated Inc. 0000, Xxxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxxx, Xxxxxx, Xxxxxx X0X 0X0 Tel. 000-000-0000 Fax. 000-000-0000 |
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Postal address: | ||
December 11, 2006
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Post office Box 69 Montréal, Québec, Canada H3C 2R5 |
Xx. Xxxx Xxxxxxxx
Senior Vice President, Woodlands & Sawmills
Abitibi-Consolidated inc.
Montreal
Senior Vice President, Woodlands & Sawmills
Abitibi-Consolidated inc.
Montreal
Subject: Severance Compensation Agreement (SCA)
Xxxx:
At its regular meeting held October 24, 2006, the Board of Directors approved your
eligibility to the SCA applicable in case of a change of control, as for other
Executives.
Nevertheless, the Board requested that a study be undertaken to verify if the SCA’s
provisions were aligned with the current market and that a recommendation for
amendments be proposed, if applicable. Accordingly, even if your eligibility to the
current SCA has been approved, it should be understood that any amendments resulting
from the market study, duly approved by the Board of Directors, would amend the
current provisions of your SCA.
Sincerely, |
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/s/ Xxxx X. Xxxxxx | ||||
Xxxx X. Xxxxxx | ||||
President and Chief Executive Officer | ||||
x.x. | X. Xxxxxx X. Xxxxxx |
JWW/jl
Encl.
Encl.
Letter YLaflamme SCA Dec 2006