Document:

<PAGE>

                                                                   EXHIBIT 10.13

November 1, 2001

Mr. Thomas Lindquist
[Address Omitted]

Fax [number omitted]

Dear Tom:

I am very pleased to offer you an important key management role with Plum Creek
Timber Company, Inc. (the "Company"). We hope you will find challenge and
satisfaction as a member of our senior executive team. This letter serves to
confirm the key terms of our employment offer to you:

POSITION:                  Executive Vice President - Real Estate/Strategic
                           Business Development

REPORTS TO:                Rick Holley, President & Chief Executive Officer

START DATE:                As soon as reasonably possible, but no later than
                           January 14, 2002.

ANNUAL BASE SALARY:        Initial base salary of $275,000. Thereafter, your
                           base salary will be reviewed each January along with
                           other senior executives of the Company.

ANNUAL INCENTIVE:          You will be eligible for a performance driven annual
                           incentive of up to 100% of your base salary. For 2001
                           or 2002, as the case may be, the incentive will be
                           prorated for time in the position.

LONG TERM INCENTIVE:       On your start date, 35,000 stock options will be
                           granted under the terms of the Plum Creek Stock
                           Incentive Plan along with an equal number of Dividend
                           Equivalent Rights (DERs). In January 2003, you will
                           be eligible to receive an additional stock option
                           grant and DERs. Also, on your start date, you will be
                           granted 1,500 units under the 2000 Value Management
                           Plan (VMP) and this coming January, you would be
                           eligible for additional unit awards under the

<PAGE>

Mr. Thomas Lindquist
Page 2
November 1, 2001

                           VMP (anticipated to be no less than 5,000), upon
                           Board approval following the annual January Board of
                           Directors meeting.

RESTRICTED STOCK GRANT:    On your start date, you will receive a restricted
                           stock grant of 10,000 shares issued as of your start
                           date. Additionally, if and to the extent your current
                           employer does not pay you your 2001 bonus and
                           long-term incentive of $550,000, then the Company
                           will issue you additional restricted stock in an
                           amount necessary to compensate you for this
                           non-payment. In no event, however, will the value of
                           the total grant under this restricted stock grant
                           section exceed $550,000. These shares of restricted
                           stock will vest three years after your start date
                           with the Company. Dividends on these shares are
                           unrestricted and paid quarterly.

ADDITIONAL INCENTIVE:      In consideration of your forfeiting stock options
                           with your current employer, at the conclusion of
                           three years of employment with the Company, Rick
                           Holley, in the exercise of his sole discretion, may
                           decide to issue you additional Company common stock
                           equal in value of up to $250,000 as a result of your
                           individual performance at the Company, provided that
                           you are still employed with the Company. In the event
                           that Rick Holley is no longer employed by the Company
                           as of such third anniversary, and you are employed by
                           the Company at that time, then you would receive
                           Company common stock equal to no less than $100,000
                           in value.

NOTICE:                    If you accept our offer, we acknowledge and accept
                           your desire not to disclose such acceptance for a
                           reasonable period of time, not to exceed thirty days
                           from the date of your acceptance. Following such
                           period of time, a press release, approved by you,
                           will be issued.

OTHER BENEFITS:            Participation in the other corporate fringe benefits
                           including pension, 401(k), medical, dental,
                           disability, and life insurance is available to you.
                           Vacations, holiday, and benefits are established by
                           Company policy. Under the current policy, you will be
                           eligible for five weeks of vacation a year.

                           You will also be permitted to obtain a company car
                           ($40,000 allowance toward purchase) for which the
                           Company will pay for insurance and operating costs.
                           The Company will also reimburse you for a membership
                           in an athletic or luncheon club and provide annual
                           tax preparation and financial consultations.

EXECUTIVE AGREEMENT:       You will be covered by an executive agreement in a
                           form specified by the Company and agreed to by you
                           (the "Executive Agreement"). Certain key terms of the
                           agreement are as follows:

<PAGE>

Mr. Thomas Lindquist
Page 3
November 1, 2001

                           -  Cash Compensation: Upon termination for a reason
                              other than "cause," you will be entitled to an
                              amount equal to one year of your then current
                              annual salary and bonus from the preceding fiscal
                              year.

                           -  Acceleration: All of your Company restricted stock
                              would immediately accelerate and vest upon the
                              occurrence of such termination.

                           -  Term: Two years.

Tom, I am very excited about working with you on the Plum Creek team. This is an
exciting time for the Company and I believe this is a great opportunity for you
and us. I would appreciate your response to our proposal by no later than 5:00
p.m. (PST) on Tuesday, November 6, 2001.

Sincerely,

/s/ Rick Holley

Agreed to and accepted as of November 5, 2001.

/s/ Thomas Lindquist

Mr. Thomas Lindquist<PAGE>

                                                                   Exhibit 10.14

November 20, 2001

Mr. Thomas Lindquist
[Address Omitted]

Fax [number omitted]

Dear Tom:

You ("Executive") have previously agreed to be employed by Plum Creek Timber
Company, Inc. (the "Company" or "Plum Creek") pursuant to the terms referred to
in my letter to you dated November 1, 2001. This letter sets forth the
"Executive Agreement" referenced in that letter.

EXECUTIVE AGREEMENT

The Company may terminate Executive's employment and this Executive Agreement at
any time for "Cause" (as hereinafter defined) immediately upon written notice to
Executive. As used herein, the term "Cause" shall mean that Executive shall have
in the reasonable judgment of the Board of Directors of the Company (i)
committed a criminal act or a single act of fraud, embezzlement, breach of
trust, or other act of gross misconduct, or (ii) violated any material written
Company policy or rules of the Company, unless rectified by Executive within 45
days following written notice thereof to Executive or (iii) refused to follow
the reasonable written directions given by the Board or the Company's Chief
Executive Officer from time to time or breached any covenant or obligation under
this Executive Agreement or other agreement with the Company, unless rectified
by Executive within 45 days following written notice thereof to Executive.

The Company may terminate Executive's employment and this Executive Agreement
Without Cause (as hereinafter defined) upon written notice to Executive.
Termination "Without Cause" shall mean termination of employment on any basis
(including no reason or cause) other than termination of Executive's employment
for Cause, voluntary resignation, death or permanent disability.

If your employment with Plum Creek is terminated Without Cause or if terminated
following a Change in Control (as hereinafter defined), in either case in the
first two years from your date of hire, Plum Creek will pay you as severance,
the equivalent of one year's base salary (at the level in effect at the date of
termination) plus an amount equal to the bonus paid with respect to the full
calendar year preceding the year in which Executive's employment was terminated.
If the termination Without Cause or following a Change in Control takes place
prior to the first year bonus being paid to Executive, then such bonus will be
based upon the average bonus paid to similarly situated executives of Plum
Creek. In addition, upon such termination, all outstanding stock options will
become immediately vested and

<PAGE>

Mr. Thomas Lindquist
Page 2
November 20, 2001

all restrictions on restricted stock will lapse (provided, however, that the
lapsing of such restrictions and accelerated vesting will not occur prior to the
date which is six months from your date of hire).

As used herein, "Change in Control" means the occurrence of any of the following
events:

                           (i)      any Person is or becomes after the effective
                  date hereof the "beneficial owner" (as defined in Rule 13d-3
                  under the Exchange Act), directly or indirectly, of securities
                  of the Company (not including in the securities beneficially
                  owned by such person any securities acquired directly from the
                  Company or its affiliates) representing 50% or more of the
                  combined voting power of the Company's then outstanding
                  securities; or

                           (ii)     a majority of the directors elected at any
                  annual or special meeting of shareholders of Plum Creek are
                  not individuals nominated by Plum Creek's then incumbent Board
                  of Directors; or

                           (iii)    the stockholders of the Company approve a
                  merger or consolidation of the Company with any other
                  corporation, other than (i) a merger or consolidation which
                  would result in the voting securities of the Company
                  outstanding immediately prior thereto continuing to represent
                  (either by remaining outstanding or by being converted into
                  voting securities of the surviving entity), in combination
                  with the ownership of any trustee or other fiduciary holding
                  securities under an employee benefit plan of the Company, at
                  least 50% of the combined voting power of the voting
                  securities of the Company or such surviving entity outstanding
                  immediately after such merger or consolidation or (ii) a
                  merger or consolidation effected to implement a
                  recapitalization of the Company (or similar transaction) in
                  which no Person acquires more than 50% of the combined voting
                  power of the Company's then outstanding securities; or

                           (iv)     the stockholders of the Company approve a
                  plan of complete liquidation of the Company or an agreement
                  for the sale or disposition by the Company of all or
                  substantially all of the Company's assets.

Tom, if the foregoing is acceptable to you, please execute in the space provided
below and return one copy to me.

Sincerely,

Rick R. Holley
President and Chief Executive Officer

/s/ Rick R. Holley

Agreed to and accepted as of November 20, 2001.

/s/ Thomas Lindquist
Mr. Thomas Lindquist

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}]]