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EXHIBIT (10)(F)
February 25, 1997
Ley X. Xxxxx
Pharmacia & Upjohn
0000 Xxxxxxx Xxxx
Xxxxxxxxx, XX 00000
X X X
Dear Ley:
To confirm our understanding in order to induce you to continue your employment
with the Company beyond the date you might otherwise have retired, your
Severance Agreement with the Company dated March 15, 1995 (the "Severance
Agreement"), will be amended to provide that you (or your beneficiary or
estate) will receive the severance pay and other benefits provided in the
Severance Agreement if you terminate employment, or if you die or become
permanently disabled (while employed by the Company or one of its affiliates),
on or prior to the later of the date of November 2, 1997 or the date 90 days
after the Company's new President and Chief Executive Officer assumes office.
In addition, upon termination of your employment, you shall be eligible to
receive benefits equivalent to those provided under the Company's
Pre-Retirement Terminal Leave of Absence Program for U.S. based employees.
If you agree to this amendment to your Severance Agreement, please sign and
date below, upon which such amendment will be effective.
Very truly yours
XXX XXXXXX
PRESIDENT AND CHIEF EXECUTIVE OFFICER
AGREED AND ACCEPTED AS OF THIS ____________ DAY OF FEBRUARY, 1997.
____________________________________
XXX XXXXX
