ADDENDUM TO EMPLOYMENT AGREEMENT BETWEEN MICHAEL J. COVEY AND POTLATCH CORPORATIONEmployment Agreement • December 7th, 2006 • Potlatch Corp • Real estate investment trusts
THIS ADDENDUM to the Employment Agreement entered into on February 6, 2006 by and among Potlatch Corporation and Michael J. Covey, is effective as of February 6, 2006. The purpose of this Addendum is to make the following changes in the Employment Agreement: (i) increase the trigger point for determining whether a change in control has occurred under certain circumstances from 20% to 30%; and (ii) to correct errors in the description of the calculation of the severance benefits payable under certain circumstances.
