Executive Severance Agreement (Tier I)Executive Severance Agreement • August 27th, 2018 • Weyerhaeuser Co • Real estate investment trusts
THIS EXECUTIVE SEVERANCE AGREEMENT (Tier I) is made and entered into by and between Weyerhaeuser Company (hereinafter referred to as the “Company”) and Devin W. Stockfish (hereinafter referred to as the “Executive”) shall be effective January 1, 2019, or such other date on which Mr. Stockfish assumes the position of president and chief executive officer of the Company (“Effective Date”).
August 24, 2018 Russell S. Hagen Seattle, Washington 98104 Dear Russell:Weyerhaeuser Co • August 27th, 2018 • Real estate investment trusts • Washington
As you know, the Weyerhaeuser Company (“Weyerhaeuser”) Board of Directors has approved changes to the senior leadership of Weyerhaeuser in connection with the impending retirement of Doyle Simons from the offices of President and Chief Executive Officer. Because you are, and will continue to be, a critical resource to Weyerhaeuser during and after the leadership transition, we are pleased to offer you this retention agreement (this “Agreement”).
