Document:

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                                                                    Exhibit 10.1

                         JOSEPH E. SEAGRAM & SONS, INC.

                                EXECUTIVE OFFICES
                    375 PARK AVENUE, NEW YORK, NEW YORK 10152

                                                    November 1, 1999

Robert W. Matschullat
46 Vineyard Lane
Greenwich, Connecticut  06830

Dear Bob:

              This letter amends and restates our original letter agreement with
you dated July 31, 1995, as amended and restated on February 4, 1998, under
which you currently serve as Vice Chairman and Chief Financial Officer of The
Seagram Company Ltd. ("SCL") and of Joseph E. Seagram & Sons, Inc. (the
"Company"), in light of the mutual intention of you, SCL and the Company for
your employment to terminate no later than March 31, 2001.

              1.     Position and Duties.

       (a)    During the period commencing on the date of this letter and ending
December 31, 1999, you will continue to be employed as Vice Chairman and Chief
Financial Officer of SCL and the Company, and will continue to perform your
current duties on a full-time basis.

       (b)    During the period from January 1, 2000 through May 31, 2000 (the
"Transition Period"), subject to the Company's right to terminate the Transition
Period, as set forth below, you will continue to be employed to perform services
on a full-time basis as Vice Chairman of SCL and the Company, with
responsibility for Investor Relations, Corporate Communications, Corporate
Shared Services, Corporate Real Estate, Corporate Strategic Sourcing and
Information Technology. The Company may, upon 30 days notice or pay (including a
pro-rated portion of the bonus described in paragraph 3) in lieu of notice,
elect to terminate the Transition Period prior to May 31, 2000, in which event
the Advisory Period described in (c) below shall commence.

       (c)    During the period from June 1, 2000 (or such earlier date as may
apply by application of (b) above) through March 31,

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                                                                               2

2001 (the "Advisory Period"), you will remain an employee of the Company, and
will make yourself available to render support and advisory services to the
Company and SCL at the request of the Chief Executive Officer of SCL. At the end
of the Advisory Period your employment by SCL, the Company and their affiliates
shall terminate, and such termination will entitle you to the payments and
benefits described in paragraph 6(c) below.

       (d)    From the date hereof through the end of the Transition Period,
while you are employed hereunder, we will make our best efforts to insure your
election to, and retention as a member of, the Board of Directors of SCL and the
Board of Directors of the Company, your principal office will be located at the
Company's headquarters in New York City, and except for reasonable travel
requirements associated with your position, you will be performing your services
hereunder in the New York City metropolitan area. At the end of the Transition
Period, you shall resign all officerships and directorships of SCL and its
affiliates, and you will no longer have an office at the Company. If at any time
you obtain substantially full time employment (or substantially full-time
self-employment, other than managing your personal or family's investments), you
shall immediately notify the Company, and resign all officerships and
directorships of SCL and its affiliates, and the Company shall provide
appropriate notice (not to exceed 60 days after receipt of notice from you) to
you of the termination of your employment, whereupon your employment by SCL and
the Company and its affiliates shall cease. Upon such cessation of employment,
you will become entitled to the payments and benefits described in paragraph
6(c) below. If your new substantially full-time employment or self-employment
commences during the period following your notification to the Company as
described in the preceding sentence and preceding your termination of employment
with the Company and SCL, you will continue to make yourself available to render
support and advisory services to the Company and SCL as described in paragraph
1(c) above, provided that such support and services do not materially interfere
with such new full-time employment.

              2.     Base Salary. Your base salary through the end of the
Transition Period and for one month thereafter will be payable at a rate of
$1,000,000 per year. Starting on the first day of the Advisory Period you shall
receive a salary at a rate of $20,000 per month. Your salary will be paid in
equal periodic installments in accordance with the Company's payroll policies
applicable to its senior executives.

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              3.     Bonus Plans. Your annual bonus for the fiscal year ending
June 30, 2000 shall be $2,341,500, payable when other senior executives of the
Company receive their annual bonuses, but no later than September 28, 2000. No
annual bonus shall be payable in respect of the Advisory Period. If the Advisory
Period begins prior to June 1, 2000, the annual bonus payable hereunder shall be
reduced by multiplying it by a fraction, the numerator of which is the number of
days from July 1, 1999 through the end of the Transition Period, and the
denominator of which is 365 and such annual bonus shall be paid no later than
ten (10) days following the end of the Transition Period.

              4.     Options. While you are employed hereunder, all options that
you currently hold to purchase common shares, without nominal or par value, of
SCL (the "Options") shall continue to become exercisable in accordance with
their terms, provided that any Options which have not otherwise become vested
and exercisable shall become fully vested and exercisable on March 31, 2001.
There will be no further option grants to you hereafter. After termination of
employment your rights with respect to the Options will be determined under the
terms of the Options, except as provided in paragraph 6(c).

              5.     Benefit Plans and Arrangements. (a) While you are employed
hereunder, you will be entitled to participate, in a manner appropriate to your
position with the Company, from time to time, in all benefit and compensation
plans, programs and arrangements generally applicable to the Company's senior
executives (other than any annual bonus plan and any option plan except to the
extent described herein). In addition, your senior executive medical, dental and
life insurance aspects of our Senior Executive Benefit Program will continue
through the earlier of June 30, 2002 or the date you become eligible for
medical, dental and life insurance coverage with a subsequent employer.

              (b)    While you are employed hereunder, the Company will provide
to you, through the end of the Transition Period, at the Company's expense a car
and driver and such other fringe benefits and perquisites (including vacation
entitlement) as are generally available to the Company's senior executives.
After the end of the Transition Period, no fringe benefits or perquisites will
be provided; you shall receive your Company car and your current home computer
(plus peripherals) upon termination of your employment (other than for Cause).
You will be afforded the same indemnity provisions regarding directors and
officers liability

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that the Company and SCL provide to their senior executive officers and
directors. In addition, you will be covered by any directors and officers
liability policy generally in force for SCL's and the Company's senior executive
officers and directors.

              (c)    Commencing on the first day of the month following your
attainment of age 60, you will receive a pension benefit of the product of
$50,000 times the number of full and partial years that you were employed by SCL
or the Company, payable each year for your lifetime; provided that such product
will be reduced by all other pension payments you may receive under the SCL or
Company defined benefit plans or arrangements, expressed as a single-life
annuity.

              (d)    You have previously deferred all or a portion of your
annual bonuses. We hereby agree with you that such prior deferrals, plus any
amount of the bonus under paragraph 3 that you defer pursuant to the Company's
normal deferral policies, along with any earnings thereon in accordance with the
Company's deferral arrangements, shall become payable to you in eight annual
installments, starting on July 1, 2005, equal to one-eighth, one-seventh,
one-sixth, one-fifth, one-fourth, one-third, one-half and all of your remaining
deferred compensation balance, respectively, and that pending such distribution
your deferred compensation account shall be periodically credited with earnings
as a Prime Rate Deferred Award under the Company's applicable policies. In the
event of your death, an accelerated lump sum payment of such deferred
compensation account shall be made as soon as practicable after your date of
death.

              6.     Termination. (a) The Company may terminate your employment
hereunder for Cause or pursuant to paragraph 1(d). You may terminate your
employment for any reason, and your employment shall automatically terminate in
the event your death.

              (b)    In the event your employment with the Company is terminated
by the Company for Cause, you will receive, as soon as practicable thereafter, a
lump sum payment equal to the sum of (i) all Base Salary accrued but unpaid
through your date of termination and (ii) the unpaid portion, if any, of any
annual bonus or any other compensation otherwise payable hereunder with respect
to any completed fiscal year of the Company preceding your date of termination.

              (c)    In the event your employment with the Company is terminated
by you at any time, your employment terminates

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                                                                               5

pursuant to paragraph 1(c) or paragraph 1(d), or if you die, you (or your
estate, if applicable) will receive, subject to your (or your estate's, if
applicable) execution of a release in the form attached hereto as Exhibit A:

              (i)           a lump sum payment equal to the sum of all amounts
                     specified in paragraph 6(b) payable as soon as practicable
                     after termination;

              (ii)          a lump sum payment equal to any unpaid amount of
                     annual bonus under Section 3, multiplied, if the Advisory
                     Period has not yet commenced, by the number of days you
                     were employed during the fiscal year ending June 30, 2000,
                     and divided by 365, payable within 30 days after your
                     termination of employment;

              (iii)         a lump sum payment of $6,683,000; payable within 30
                     days after your termination of employment;

              (iv)          continued coverage under the medical, dental and
                     life insurance aspects of our Senior Executive Benefit
                     Program until the earlier of (A) June 30, 2002 or (B) the
                     date on which you become eligible for medical, dental and
                     life insurance coverage with a subsequent employer; and

              (v)           full vesting of the Options held by you on your date
                     of termination.

              (d)    For purposes of this Agreement:

       "Cause" will mean (i) your conviction of a felony; (ii) any willful
       misconduct by you which is materially injurious to SCL, the Company or
       their affiliates or (iii) your willful and continuing refusal or failure
       to perform your duties and obligations under this Agreement which is not
       corrected within 30 days following written notice from the Company or SCL
       to you specifying such refusal or failure. In no event shall your
       incompetence in the performance of your duties hereunder or a bona fide
       disagreement over corporate policy be deemed grounds for termination for
       Cause. In the case of (i) and (ii) above, Cause shall include a
       conviction or misconduct which occurs prior to your employment hereunder.
       In the event of termination for willful misconduct

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       described in (ii) above, you will receive five days advance notice of
       termination of employment.

              7.     No Mitigation. You will not be required to mitigate any
payments due to you under this Agreement by seeking alternative employment, nor
will any payments from SCL or the Company be reduced by any amounts received in
connection with such alternative employment.

              8.     Legal Fees. The Company will reimburse you for (i) all
reasonable legal fees and disbursements incurred by you in connection with the
negotiation and preparation of this Agreement and (ii) all reasonable fees and
disbursements incurred by you in connection with any dispute over the
enforcement of your rights under this Agreement, but only if you prevail in such
dispute.

              9.     Confidentiality. You will not, without the prior consent
of the Company, or as required by a court of law or a governmental agency, or
administrative or legislative body with apparent jurisdiction to so order,
divulge confidential information concerning the operations of the Company or SCL
during your employment hereunder or at any time thereafter.

              10.    Withholding. The Company and SCL will be entitled to
withhold from any payment hereunder the amount of withholding required by law.

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              11.    Governing Law. This Agreement will be construed,
interpreted, and governed in accordance with the laws of the State of New York,
without reference to rules relating to conflicts of law.

              12.    Counterparts. This Agreement may be signed in counterparts.

                                               The Seagram Company Ltd. and
                                               Joseph E. Seagram & Sons, Inc.

                                               By:/s/ Edgar Bronfman, Jr.
                                                  Edgar Bronfman, Jr.
                                                  President and Chief Executive
                                                    Officer

Accepted and Agreed on this
1st day of November, 1999

/s/ R. Matschullat
Robert W. Matschullat

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                                                                               8

                                    EXHIBIT A

                                     RELEASE

              Robert W. Matschullat (the "Executive") hereby covenants and
agrees not to sue, file any action, complaint, charge, grievance or arbitration
or commence any other proceedings, administrative or judicial, against The
Seagram Company Ltd. ("SCL") or any of SCL's divisions, affiliates,
subsidiaries, parents, branches, predecessors, successors, assigns, officers,
directors, trustees, employees, agents, stockholders, administrators,
representatives, attorneys, insurers or fiduciaries, past, present or future
(collectively, the "SCL Group") in any court of law or equity, or before any
administrative agency, with respect to any matter whatsoever arising or
derivative from Executive's employment with, performing services for, or
consulting for, the SCL Group, or his separation from employment and termination
of services with the SCL Group, arising on or prior to the date of execution of
this Release, including, without limitation, claims arising under Title VII of
the Civil Rights Act of 1964, as amended, the Reconstruction Era Civil Rights
Act, as amended, the Age Discrimination in Employment Act, as amended, the Older
Workers Benefit Protection Act, as amended, the Fair Labor Standards Act, as
amended, the Employee Retirement Income Security Act of 1974, as amended, the
Worker Adjustment and Retraining Act, as amended, the Americans with
Disabilities Act of 1990, as amended, the Rehabilitation Act of 1973, as
amended, the Connecticut Human Rights Law, as amended, the New York Human Rights
Law, as amended, the New York City Administrative Code, as amended, any state or
local laws regarding employment discrimination and/or federal, state or local
laws of any type or description regarding the employment of labor, and any and
all claims under state contract or tort law (the "Acts"); provided, however,
that this covenant not to sue does not affect Executive's future right to
enforce appropriately the terms of this Release or the attached letter agreement
dated November 1, 1999 (the "Letter Agreement").

              For and in consideration of payments described in the Letter
Agreement and for other good and valuable consideration, Executive hereby
releases and forever discharges, and by this

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instrument does release and forever discharge, SCL and the SCL Group of and from
any and all debts, obligations, promises, covenants, agreements, contracts,
endorsements, bonds, controversies, suits or causes of action known or unknown,
suspected or unsuspected, of every kind and nature whatsoever in respect of
those matters arising or derivative from Executive's employment with or
consulting for or otherwise performing services for, the SCL Group or
Executive's separation from employment and termination of services with the SCL
Group, which may heretofore have existed or which may now exist, including,
without limitation, those arising under the Acts; provided, however, that this
covenant does not affect Executive's future right to enforce the terms of the
Letter Agreement.

              Executive understands and agrees that the obligations set forth
in the Letter Agreement are in lieu of any and all other amounts to which
Executive might be, is now, or may become entitled to receive from SCL or any
member of the SCL Group upon any claim in respect of those matters arising or
derivative from Executive's employment or other services with the SCL Group or
Executive's separation from the SCL Group and, without limiting the generality
of the foregoing, Executive expressly waives any claim to employment or
reinstatement to employment, payment for salary, wages, backpay, frontpay,
interest, bonuses, contributions to or vesting in any employee benefit plans,
damages, accrued vacation, accrued sick leave, medical, dental, optical or
hospitalization benefits, accidental death and dismemberment coverage, life
insurance benefits, overtime, severance pay and/or attorneys' fees or costs,
except as are expressly provided for in the Letter Agreement or under the terms
of any employee benefit plan or any member of the SCL Group in which Executive
participates as of the date hereof.

              Executive understands and agrees that he must forever continue to
keep confidential all proprietary or confidential information which he learned
while employed by the SCL Group, whether oral or written ("Confidential
Information") and shall not make use of any such Confidential Information on his
own behalf or on behalf or any other person or entity; provided however, that
Executive may divulge such Confidential Information if he is required to do so
by a court of law, by any governmental agency having supervisory authority over
the business of the SCL Group, or by any administrative or legislative body with
apparent jurisdiction to order Executive to divulge, disclose or make accessible
such Confidential Information.

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              Executive understands and agrees that SCL's payment of money to
him and his signing of this Release does not in any way indicate that he has any
viable claims against SCL or the SCL Group or that SCL or the SCL Group admits
any liability to him whatsoever.

              Executive has read this Release carefully, has been given at least
twenty-one (21) days to consider all of its terms, has been advised to consult
with an attorney and other advisors of his choice, and fully understands that by
signing below he is giving up any right which he may have to sue or bring any
other claims against SCL and the SCL Group. Executive has not been forced or
pressured in any manner whatsoever to sign his Release, and he agrees to all of
its terms voluntarily.

              Executive understands that he has seven (7) days from the date he
has signed this Release below to revoke this Release, that this Release will not
become effective until the 8th day following the date that he has signed this
Release, and that SCL and the SCL Group will have no obligation to extend the
payments set forth in the Letter Agreement unless this Release becomes
effective.

              This Release shall be governed by the laws of the United States of
America and the State of New York, without giving effect to the principles of
choice of law thereof.

Dated:  __________ ___, ____

-------------------------
Robert W. Matschullat

THE SEAGRAM COMPANY LTD.

By:
     --------------------------------<PAGE>   1
                                                                    Exhibit 10.2

                        Joseph E. Seagram & Sons, Inc.
                               800 Third Avenue
                            New York, NY 1022-7699

                                                         November 23, 1999

PRIVATE AND CONFIDENTIAL

Mr. Kevin Conway
1 Gold Street - Unit 20
Hartford, CT  06103

Dear Kevin:

       This letter will confirm our offer to you to join Seagram as Senior Vice
President - Tax of The Seagram Company Ltd., ("SCL") and of Joseph E. Seagram &
Sons, Inc., ("Company") (collectively, "Seagram") and will set forth terms and
conditions of your employment. As agreed, you will commence employment on
January 4, 2000.

       1.     Position and Duties. As Senior Vice President-Tax, you will be
responsible, subject to the direction of the Chief Financial Officer of the
Company, to whom you will report, for developing and implementing SCL's and the
Company's tax planning and compliance policies. You will be hired as a Grade 64
executive and your principal office will be located in New York City. Except for
reasonable travel requirements associated with your position, you will be
performing your services hereunder in the New York City metropolitan area.

       2.     Base Salary. Your base salary ("Base Salary") will be payable at a
rate of $450,000 per year in accordance with the Company's payroll policies
applicable to its executives at your level.

       3.     Annual Bonus. You will be eligible to receive an annual bonus
award pursuant to the SCL Management Incentive Plan (the "MIP") for each fiscal
year of the Company ending during your employment hereunder. Your target
management incentive award will be 65% of your Base Salary (i.e.,

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$292,500), appropriately prorated based on the number of months you are employed
during the Company's fiscal year ending June 30, 2000.

       4.     Option Grant. (a) We have recommended for approval to our Human
Resources Committee a one-time grant, effective on your date of employment
hereunder, of 150,000 options pursuant to the SCL 1996 Stock Incentive Plan (
the "1996 Plan") at an exercise price equal to the fair market value of an SCL
common share on the date of grant (the "Special Award"). One-third of the
Special Award will vest and become exercisable immediately upon the effective
date of the grant; an additional one-third of the Special Award will vest and
become exercisable on January 1, 2001 and the final one-third of the Special
Award will vest and become exercisable on January 1, 2002. The Special Award
will expire on the day before the tenth anniversary of the grant, provided that
should your employment terminate before the Special Award expires, treatment of
the Special Award, including vesting, exercise and cancellation, will be in
accordance with the terms of the 1996 Plan; and provided further that for any
termination of your employment to qualify as a retirement for purposes of the
1996 Plan, the sum of your total years of service with Seagram and your age on
such date of termination must equal or exceed 65.

       (b)    You will also be eligible to participate in the 1996 Plan (or any
successor plans) on an annual basis and your initial target annual grant of
options will be 37,500 for grants issued in the year 2000. Options are generally
granted in February of each year at an exercise price equal to the fair market
value on the date of grant. These options are subject to a three-year vesting
schedule, with the first one-third vesting and becoming exercisable on the first
anniversary of the date of grant, the second one-third vesting and becoming
exercisable on the second anniversary of the date of grant, and the third
one-third vesting and becoming exercisable on the third anniversary of the date
of grant. These options expire on the day before the tenth anniversary of the
date of grant, provided that should your employment with the Company and SCL
terminate before any such option expires, treatment of such options, including
vesting, exercise and cancellation will be in accordance with the 1996 Plan (or
applicable successor plan); and provided further that for any termination of
your employment to qualify as a retirement for purposes of the 1996 Plan (or
applicable successor plan) the sum of your total years of service with Seagram
and your age on such date of termination must equal or exceed 65.

5.     Additional Sign-On Inducements. (a) Subject to the terms and conditions
set forth hereinafter, you will receive a payment of $1,000,000 to replace part
of the unrealized gain on the unvested portion of stock options provided to you
by your previous employer, which options will be canceled by reason of your
leaving. This amount shall be payable in three equal installments, with the
first

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installment to be paid within 30 days after your date of employment hereunder,
the second installment to be paid on January 31, 2001 and the third such
installment to be paid on January 31, 2002. Should your employment with the
Company and SCL terminate before the payment dates described in this paragraph
for any reason other than for Cause (as defined herein) or your voluntary
termination without Good Reason (as defined herein) the then remaining
installments shall be paid to you in accordance with this Agreement, as if you
had remained employed.

       (b)    Provided that you commence employment with Seagram before the date
upon which your previous employer ordinarily pays bonuses to its senior
executives and you do not receive such bonus, you will receive a payment of
$225,000 to be paid within 30 days after your date of employment hereunder.

       (c)    You will be granted, effective as of your date of employment
hereunder, 10,000 restricted stock units. Each restricted stock unit represents
the right to receive, on the date such unit vests (unless the parties agree to
defer payment), one SCL common share. One-third of the total units shall vest on
each of the first, second and third anniversaries of the date of the grant. As
cash dividends are paid on SCL common shares, you will be treated, on the record
date of such dividends, as if you were a holder of 10,000 SCL common shares, or
the adjusted number if there is any change in the capital structure of SCL. As a
result, you will be credited with such hypothetical cash dividends, which
themselves will be converted into further restricted stock units based upon the
mean between the high and low trading prices of SCL common shares on the New
York Stock Exchange, as reported in the Wall Street Journal, on the dividend
payment date. If there is any change in the capital structure of SCL through
reorganization, recapitalization or otherwise, or if there is a dividend of SCL
common shares payable in equity securities of SCL or other property (other than
cash) or a stock split or combination of shares, then the number of restricted
stock units granted hereunder shall be appropriately adjusted, as determined by
SCL. In the event of a merger or consolidation of SCL with another company, you
shall be credited hereunder with the merger or consolidation consideration, as
if you were a holder of SCL common shares. Should your employment with the
Company or SCL terminate at any time prior to the full vesting of the restricted
stock units described herein other than for Cause, or your voluntary termination
without Good Reason, the restrictions with respect to all the units of the Award
shall be waived and the units will be deemed fully vested, and paid out on the
otherwise applicable dates, as if you had remained employed.

6.     Pension (a) Upon your retirement from the Company and SCL, you will be
entitled to receive a pension in an amount equal to the greater of (i) the

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amount payable in accordance with the terms of the Company's pension, retirement
and similar plans then generally applicable to senior executives of the Company;
or (ii) an annual life annuity equal to the product of $30,000 multiplied by the
number of years (or portion thereof) of your continuous services with Seagram.

       (b) The pension payments due you under paragraph 6(a) (ii) will commence
upon your retirement, but no earlier than your attainment of age 60, and will
not be reduced actuarially or otherwise, except to the extent that you elect to
receive a joint and survivor benefit with your spouse, and

       (c) For purposes of determining the comparative value of the benefits
under 6 (a) (i) and 6 (a) (ii), and for determining the actuarial reduction in
the event you choose a joint and survivor benefit under 6 (b), the actuarial
factors and assumptions then in use under Seagram's qualified defined benefit
plan will apply.

       7.     Other Benefits. While you are employed hereunder you will be
eligible to participate in our Senior Executive Compensation and Benefits
Program which provides medical benefits, accident, life insurance and disability
salary continuation, flexible perquisites, matching contributions and related
benefits. In addition, the Company agrees that it will pay the lease payment on
your automobile, in the amount of $1,584.41 per month until the current lease is
terminated on June 30, 2000.

       8.     Severance. In the event your employment is terminated by Seagram
other than for death, Permanent Disability (as defined below) or Cause, or you
voluntarily resign for Good Reason, Seagram will, for a period of two and
one-half years following your termination of employment (a) continue to pay you
your Seagram annual Base Salary at the annual rate in effect on the date of your
termination, and (b) continue the medical, dental and life insurance aspects of
our Senior Executive Benefits Program. Should you request payment of your Base
Salary in a lump sum, the Company shall continue the medical, dental and life
insurance aspects of our Senior Executive Benefits Program for the three month
period following the month in which the lump sum payment is made to you.

       For purposes of this paragraph, "Cause" will mean (i) your conviction of
       a felony, (ii) any willful misconduct by you which is substantially
       injurious to SCL, the Company, or their affiliates or (iii) your willful
       and continuing refusal or failure to perform your duties and obligation
       under this Agreement which is not corrected within 30 days following the
       written notice from the Company, its affiliates or SCL to you specifying

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       such refusal or failure. In no event shall your incompetence in the
       performance of your duties hereunder or a bona fide disagreement over
       corporate policy be deemed grounds for termination for Cause. In the case
       of (i) or (ii) above, Cause shall include a conviction or misconduct that
       occurs prior to your employment hereunder. In the event of a termination
       for willful misconduct described in (ii) above, you will receive five
       days advance notice of termination of employment.

       "Good Reason" will mean any material breach by SCL or the Company of its
       obligations to you under this Agreement including, without limitation,
       (i) the refusal or failure of SCL or the Company to pay you the
       compensation and/or benefits due under the Agreement, (ii) any diminution
       (without your consent), other than an insignificant or incidental
       diminution in your duties, authority, responsibilities or reporting
       requirements (whether or not accompanied by a change in title), (iii) the
       failure to appoint you to the position of Senior Vice President - Tax of
       SCL and the Company, or (iv) relocation of your principal office outside
       of the New York City metropolitan area, which is not corrected within 30
       days following written notice from you to the Company specifying the
       breach.

       "Permanent Disability" will mean disability as defined in the Company's
       Senior Executive Disability Salary Continuation Arrangement.

       9.     Legal Fees. The Company will reimburse you for all reasonable
fees and disbursements incurred by you should you prevail in connection with a
dispute over the enforcement of your rights under this Agreement.

       10.    Confidentiality. You will not, without the prior consent of the
Company, divulge confidential information regarding the Company, SCL their
officers and directors or their operations during your employment hereunder or
at any time thereafter

       11.    Withholding. The Company and SCL will be entitled to withhold from
any payment hereunder the amount of withholding tax required by law.

       12.    No Mitigation. You will not be required to mitigate any payments
due to you under this Agreement by seeking alternative employment, nor will any
payments from SCL or the Company be reduced by any amounts received in
connection with such alternative employment.

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       13.    Successors. This Agreement shall be binding upon a successor to
substantially all of the business of the Company and SCL whether by reason of a
transfer of stock or assets.

       14.    Governing Law. This Agreement will be construed, interpreted, and
governed in accordance with the laws of the State of New York, without reference
to rules relating to conflicts of law.

       15.    Counterparts. This Agreement may be signed in counterparts.

       On behalf of the Company and myself, I am delighted to describe Seagram's
offer to you. I am confident that you will make significant contributions to the
success of Seagram while at the same time having the opportunity to accomplish
your personal and professional goals.

       Should you have any questions, please do not hesitate to contact me.

                                                 Best regards,

                                                 /s/ Yvonne Gilchrist Shaw

READ, ACCEPTED AND AGREED
On this 26th day of November, 1999

/s/ Kevin Conway
-------------------------------
Kevin Conway

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}]]