Bonus Award Letter to William G. Harvey Regarding Abitibi-Consolidated Inc. Merger

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This letter from the Executive Vice President of Human Resources to William G. Harvey awards him a $174,000 bonus for his work leading up to the merger with Abitibi-Consolidated Inc. The bonus is contingent on the successful closing of the merger and will be paid as soon as possible after the closing, subject to standard tax withholdings. The letter acknowledges the extra effort required due to the complexity and duration of the pre-merger activities.

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EX-10.4 6 g12243kexv10w4.htm EXHIBIT 10.4 Exhibit 10.4  

EXHIBIT 10.4
         
      55 East Camperdown Way
Post Office Box 1028
Greenville, SC ###-###-####
Phone: 864 ###-###-####
Fax: 864 ###-###-####
 
JIM T. WRIGHT
Executive Vice President — Human Resources
Corrected
October 15, 2007
Mr. William G. Harvey
1 Rugosa Way
Greer, SC 29650
Re: Bonus Award
Dear Bill:
In recognition of your hard work in anticipation of the closing of the merger with Abitibi-Consolidated Inc., I am pleased to award you a bonus in the amount of $174,000, contingent upon the closing of the merger. The pre-merger activities have been more complex and taken more time than originally anticipated and thus required greater effort on your part.
The bonus amount will be paid to you as soon as practicable after the closing, subject to all applicable withholding obligations.
Again, thank you for your efforts during this stressful time.
Sincerely,
         
     
/s/ James T. Wright      
James T. Wright     
Executive Vice President — Human Resources