Amendment to Employment Terms between Western Coal Corp. and James (Jim) Griffin (October 28, 2011)

Summary

Western Coal Corp. and James (Jim) Griffin have agreed to updated employment terms effective until December 31, 2012. The company will provide Mr. Griffin with two family unification trips per month, accommodations, and tax consultations for 2011 and 2012, and will pay his salary in US dollars. The company will also cover any tax obligations arising from the trips and accommodations. All other employment terms remain unchanged except as previously amended. Mr. Griffin must sign and return the letter to confirm acceptance.

EX-10.27.1 20 a2207633zex-10_271.htm EX-10.27.1

Exhibit 10.27.1

 

Western Coal Corp.

Suite 1000 - 885 Dunsmuir Street

Vancouver, BC V6C 1N5

 

www.walterenergy.com

 

October 28, 2011

 

Attention: James (Jim) Griffin

RE: Change of Terms and conditions of employment

 

Dear Jim,

 

This is to confirm our conversation earlier this week when I informed you that we are pleased to confirm the following terms:

 

1.       Until December 31, 2012 you will be entitled to 2 family unification trips per month. The Company will meet any tax obligations as a result of this;

 

2.       The Company will continue to provide you with accommodations until December 31, 2012. The Company will meet any tax obligations as a result of this;

 

3.       You will be eligible to receive tax consultations with the Company’s Canadian tax service provider for the 2011 and 2012 tax years. You are responsible for ensuring that you understand the tax implications directly associated with your personal assets and investments.

 

4.       Your salary will be paid in US dollars; and

 

5.       All benefits, terms and conditions of your employment agreement will remain in effect and unchanged. (except as stated in the extension letter dated Oct. 28, 2011)

 

Please sign a copy of this letter in the space provided and return to Tanya McCarthy, Human Resources Business Partner. Thank you.

 

Sincerely,

 

 

 

/s/ Graham Foyle-Twining

 

Graham Foyle-Twining

 

Global Head of HR and Organizational Development

 

 

I accept the offer as outlined above.

 

/s/ James (Jim) Griffin

 

Nov. 9, 2011

James (Jim) Griffin

 

Date