August 27, 2002Employment Agreement • November 14th, 2002 • Meadwestvaco Corp • Paper mills
This letter sets forth the understanding reached between you and the Company about the calculation of certain of the payments and benefits due to you upon a Qualifying Termination.
August 27, 2002 Mr. Raymond W. Lane Executive Vice President MeadWestvaco Corporation Courthouse Plaza N.E. Dayton, Ohio 45463 Dear Ray:Meadwestvaco Corp • November 14th, 2002 • Paper mills
This letter will serve to document our conversation about the terms and conditions surrounding your employment agreement dated January 1, 2000, as subsequently amended (the "Agreement"). The most recent amendment (dated August 28, 2001) was made in the context of the Merger between the Mead Corporation and Westvaco Corporation and provides that your termination of employment for any reason will be treated as a "Good Reason" termination for an extended period due to expire in July of 2003.
