Document:

Exhibit 10.12

 

EXHIBIT
10.12

September 27, 2007

Mr. Alain Grandmont

89 Terry Fox

Verdun, Quebec

H3E 1L4

Re: Offer letter

Dear Alain,

We are pleased to offer you the position of Senior Vice-President, Commercial Printing and
Coated Papers, in the new AbitibiBowater, Inc. The following are details as agreed upon
on this date:

Location:                Montreal, Quebec, Canada

Effective Date:

The offer is contingent on conclusion of the Merger and will be effective at such date.

Compensation:

Your annual base salary, effective the date of the merger, will be US$425,000. You will
be eligible to participate in a short-term incentive plan with a target level of 70% of
your base salary. In addition, you will receive a signing bonus of US$30,000, to be
paid as soon as practical following the closing.

We will request that the Human Resources and Compensation Committee (HRCC) of the new
company, at its first meeting, approve base compensation and incentive targets for the
new executive team and approve several compensation redesigns. We anticipate closing
the 2007 Annual Incentive Plan effective with the merger and will substitute a new plan
for the remainder of 2007 and all of 2008, emphasizing achievement of synergies.

Additionally, for executives at your level, we will request an equity award tied to
synergy achievement. We anticipate continuing annual equity grants of similar value as
you currently receive and a target level of ownership of common shares may be required.
Previous equity awards will rollover into the New Company and will be paid according to
the initial payout schedule.

You will also be eligible for a perquisite allowance of US$12,000 per year as well as a
complete annual medical examination.

					
	 	 	 	 	 
	Offer Letters — ACI in Mtl A Grandmont 2
	 	1/2
	 	 

 

 

Other benefits:

Subject to the approval of the new HRCC, you will be covered by an employment agreement and a new
Change in Control (CIC) agreement.

You will maintain your current participation in various benefit plans such as pension, group
insurance and vacation. However, following the merger, the new company intends to harmonize
certain benefits offered to salaried employees, including senior executives, which may lead to
changes in the current benefits. You will be informed about any changes at the appropriate time.

We are excited about the prospects of the combination of the two companies and look forward to
having you join us on the leadership team. It will be a challenge.

Please acknowledge receipt of this offer letter and agreement with its terms by signing the two
originals and returning one copy to Viateur Camire on or before October 3, 2007.

	 	 	 
	/s/ John W. Weaver

	 	
	 

	 	 
	John W. Weaver

	 	David J. Paterson
	Exepmive Chairman

	 	President and Chief Executive Officer
	 
	 	 
	I accept this offer:
	 	 
	 
	 	 
	/s/ Alain
Grandmont

	 	9 OCTOBER 2007
	 

	 	 
	Alain Grandmont

	 	Date

					
	 	 	 	 	 
	Offer Letters — ACI in Mtl A Grandmont 2
	 	2/2Exhibit 10.14

 

EXHIBIT
10.14

September 27, 2007

Mr. Thor Thorsteinson

#210–l McGill

Montreal, Quebec

H2Y 4A3

Re: Offer letter

Dear Thor,

We are pleased to offer you the position of Senior Vice-President, International Business,
in the new AbitibiBowater, Inc. The following are details as agreed upon on this date:

Location:               Montreal, Quebec, Canada

Effective Date:

The offer is contingent on conclusion of the Merger and will be effective at such date.

Compensation:

Your annual base salary, effective the date of the merger, will be US$425,000. You will be
eligible to participate in a short-term incentive plan with a target level of 60% of your
base salary. In addition, you will receive a signing bonus of US$30,000, to be paid as soon
as practical following the closing.

We will request that the Human Resources and Compensation Committee (HRCC) of the new
company, at its first meeting, approve base compensation and incentive targets for the new
executive team and approve several compensation redesigns. We anticipate closing the 2007
Annual Incentive Plan effective with the merger and will substitute a new plan for the
remainder of 2007 and all of 2008, emphasizing achievement of synergies.

Additionally, for executives at your level, we will request an equity award tied to synergy
achievement. We anticipate continuing annual equity grants of similar value as you currently
receive and a target level of ownership of common shares may be required. Previous equity
awards will rollover into the New Company and will be paid according to the initial payout
schedule.

You will also be eligible for a perquisite allowance of US$12,000 per year as well as a
complete annual medical examination.

					
	 	 	 	 	 
	Offer Letters — T Thorsteinson final
	 	1/2
	 	 

 

 

Other benefits:

Subject to the approval of the new HRCC, you will be covered by an employment agreement and a new
Change in Control (CIC) agreement.

You will maintain your current participation in various benefit plans such as pension, group
insurance and vacation. However, following the merger, the new company intends to harmonize certain
benefits offered to salaried employees, including senior executives, which may lead to changes in
the current benefits. You will be informed about any changes at the appropriate time.

We are excited about the prospects of the combination of the two companies and look forward to
having you join us on the leadership team. It will be a challenge.

Please acknowledge receipt of this offer letter and agreement with its terms by signing the two
originals and returning one copy to Viateur Camiré on or before October 3, 2007.

	 	 	 
	John W. Weaver

	 	David J. Paterson
	Executive Chairman

	 	President and Chief Executive Officer
	 
	 	 
	I accept this offer:
	 	 
	 
	 	 
	 

	 	 
	Thor Thorsteinson

	 	Date

					
	 	 	 	 	 
	Offer Letters — T Thorsteinson final
	 	2/2Exhibit 10.16

 

EXHIBIT
10.16

RÉGIME SUPPLÉMENTAIRE DE RETRAITE
 pour les cadres supérieurs désignés de Donohue Inc.

Le participant soussigné accuse réception du document ci-joint relatif au Régime supplémentaire de
retraite (RSR) pour les cadres supérieurs désignés de Donohue Inc., tel qu’amendé par le conseil
d’administration de Donohue Inc. le 21 juillet 1999.

Le participant reconnaît avoir pris connaissance de ses dispositions et accepte chacune d’elles,
plus particuliérement celles relatives à la définition du salaire final (avec ou sans le boni) pour
les fins :

	 	•	 	du calcul de la prestation de décès ou de cessation d’emploi;
	 
	 	•	 	du calcul de la prestation de retraite en cas de retraite avant la date
normale de la retraite, comportant des dispositions de non-concurrence et de
confidentialité

le tout tel que stipulé aux paragraphes i) et ii) de la section « Salaire, Non-concurrence et
Confidentialité ».

En foi de quoi, les parties ont signé, ce 27 January 2000.

	 	 	 	 	 	 	 
	Par : Le participant au RSR

	 	 	 	Par : Donohue Inc.	 	 
	 
	 	 	 	 	 	 
	/s/ Monsieur Yves Laflamme    01 Feb 2000
 

Monsieur Yves Laflamme

	 	 
	 	/s/ M. Michel Desbiens
 

M. Michel Desbiens
	 	 
	 

	 	 	 	Président et chef de la directionExhibit 10.17

 

EXHIBIT
10.17

	 	 	 
	

	 	Abitibi-Consolidated Inc.

1155, Metcalfe Street, Suite 800

Montréal, Québec, Canada H3B 5H2

Tel. 514-875-2160 Fax. 514-394-2213
	 
	 	 
	 

	 	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

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 SCA’s
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.

Letter YLaflamme SCA Dec 2006Exhibit 10.20

 

EXHIBIT
10.20

October 19, 2007

Mr. W. Eric Streed

5324 Kimblewick Cove

Dunwoody, GA 30338

Re: Offer letter

Dear Eric,

We are pleased to offer you the position of Senior Vice-President, Supply Chain in the
new AbitibiBowater, Inc. The following are details as agreed upon on this date:

Location: Montreal, Quebec, Canada

Effective Date:

The effective date is the closing of the merger. This offer is contingent on the
conclusion of the merger, your being authorized to work in Canada and subject to
approval of the Human Resources and Compensation Committee (“HRCC”) of the new company
of various compensation items.

Compensation:

Your annual base salary, effective the date of the merger, will be US$340,000. You will
be eligible to participate in a short-term incentive plan with a target level of 50% of
your base salary.

We will request that the HRCC approve base compensation and incentive targets for the
new executive team and approve several compensation redesigns. We expect to terminate
the current 2007 Annual Incentive Plan on the Closing Date and to pay the resulting
bonus as soon as practicable. We will substitute a new plan for the remainder of 2007
and all of 2008, emphasizing the achievement of synergies.

Additionally, for executives at your level, we will request an equity award tied to
synergy achievement. We anticipate continuing annual equity grants of similar value as
you currently receive and a target level of ownership of common shares may be required.
Previous equity awards will rollover into the new company and will be paid according to
the initial payout schedule.

You will also be eligible for a perquisite allowance of US$12,000 per year and an additional
benefit value of up to US$5,000 for US tax preparation.

1/2

 

Others:

	 	(1)	 	You will participate in the company’s pension and benefit plans.
	 
	 	(2)	 	Following the merger, the new company intends to harmonize certain benefits offered
to salaried employees, including senior executives, which may lead to changes in the current benefits. You will be informed about any changes at the appropriate time.
	 
	 	(3)	 	Subject to the approval of the HRCC, you will be covered by an employment agreement and a new Change in Control agreement.
	 
	 	(4)	 	In addition, you will be eligible for the company’s international relocation policy
to assist you with your move to Montreal. In order to facilitate the process, we have assigned Paula
Ferreira to facilitate and coordinate all aspects of your relocation. Please feel free to
contact her at your earliest convenience at (514) 954-2988 or ferreirap@bowater.com. The
relocation benefits will include a lump sum of $103,826 as a housing and cost of living offset, which
will be payable only when you begin the relocation process and will be subject to Canadian
taxes. This payment includes an amount attributable to the higher Canadian tax rate. Please
refer to the enclosed policy for more details.

We are excited about the prospects of the combination of the two companies and look forward to
having you joining us on the leadership team. It will be a challenge.

Please acknowledge receipt of this offer letter and agreement with its terms by signing the two
originals and returning one copy to Jim Wright.

Yours truly

/s/ Jim T. Wright 
Jim T. Wright

Senior Vice-President, Human Resources

I accept this offer:

	 	 	 	 	 
	/s/ W. Eric Streed
	 	 	 	 
	 

W. Eric Streed

	 	 

Date
	 	 

2/2

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