Abitibi-Consolidated Inc. 1155, Metcalfe Street, Suite 800 Montral, Qubec, Canada H3B 5H2 Tel. 514 ###-###-#### Fax. 514 ###-###-#### Postal address:December 11, 2006 Post office Box 69 Montral, Qubec, Canada H3C 2R5
EX-10.17 19 g12243kexv10w17.htm EXHIBIT 10.17 Exhibit 10.17
EXHIBIT 10.17
Abitibi-Consolidated Inc. 1155, Metcalfe Street, Suite 800 Montréal, Québec, Canada H3B 5H2 Tel. 514 ###-###-#### Fax. 514 ###-###-#### | ||
Postal address: | ||
December 11, 2006 | Post office Box 69 Montréal, Québec, Canada H3C 2R5 |
Mr. Yves Laflamme
Senior Vice President, Woodlands & Sawmills
Abitibi-Consolidated inc.
Montreal
Senior Vice President, Woodlands & Sawmills
Abitibi-Consolidated inc.
Montreal
Subject: Severance Compensation Agreement (SCA)
Yves:
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 SCAs 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, | ||||
/s/ John W. Weaver | ||||
John W. Weaver | ||||
President and Chief Executive Officer | ||||
c.c. | J. Vachon V. Camiré |
JWW/jl
Encl.
Encl.
Letter YLaflamme SCA Dec 2006