Document:

Exhibit 10.02

                                      As of January 1, 2003

Mr. Laurence A. Tisch
667 Madison Avenue
New York, New York  10021

Dear Mr. Tisch:

  Reference is made to your Employment Agreement with Loews Corporation (the
"Company"), dated March 1, 1971, as amended by agreements dated February 27,
1974, March 1, 1976, May 10, 1977, July 17, 1979, June 16, 1981, May 10, 1983,
May 10, 1984, October 15, 1985, February 24, 1987, October 14, 1988, March 1,
1990, October 22, 1992, October 18, 1994, February 20, 1996, November 3, 1998
and January 1, 2001 (the "Employment Agreement").

  This will confirm our agreement that the Employment Agreement is amended as
follows:

  1.  The period of your employment under and pursuant to the Employment
Agreement is hereby extended for an additional period through and including
December 31, 2003 upon all the terms, conditions and provisions of the
Employment Agreement, as hereby amended.

  2.  You shall be paid a basic salary (the "Basic Salary") for your services
under and pursuant to the Employment Agreement at the rate of $800,000 per
annum for the extension period January 1, 2003 through December 31, 2003.
Basic Salary shall be payable in accordance with the Company's customary
payroll practices for executives as in effect from time to time, and shall be
subject to such increases as the Board of Directors of the Company, in its
sole discretion, may from time to time determine. Such Basic Salary shall be
exclusive of fees received by you as a director and as a member of Committees
of the Boards of Directors of other corporations, including subsidiaries,
affiliates and investees of the Company.

  3.  In addition to receipt of Basic Salary under the Employment Agreement,
you shall participate in and shall receive incentive compensation under the
Incentive Compensation Plan for Executive Officers of the Company (the
"Compensation Plan") as awarded by the Incentive Compensation Committee of the
Board of Directors of the Company.

Mr. Laurence A. Tisch
As of January 1, 2003
Page 2

  4.  Incentive based compensation awarded in relation to applicable years
under the Compensation Plan shall be included in the computation of
pensionable earnings in determining your Supplemental Benefits under the
Employment Agreement. In no event, however, shall such Supplemental Benefits
duplicate benefits under the Company's Benefit Equalization Plan as amended
from time to time.

  Except as herein modified or amended, the Employment Agreement shall remain
in full force and effect.

  If the foregoing is in accordance with your understanding, would you please
sign the enclosed duplicate copy of this Letter Agreement at the place
indicated below and return the same to us for our records.

                                      Very truly yours,

                                      LOEWS CORPORATION

                                      By:        /s/ Gary W. Garson
                                         -------------------------------------
                                                   Gary W. Garson
                                                Senior Vice President

ACCEPTED AND AGREED TO:

/s/ Laurence A. Tisch
-----------------------
Laurence A. TischExhibit 10.04

                                      As of January 1, 2003

Mr. Preston R. Tisch
667 Madison Avenue
New York, New York  10021

Dear Mr. Tisch:

  Reference is made to your Employment Agreement with Loews Corporation (the
"Company"), dated March 1, 1971, as amended by agreements dated February 27,
1974, March 1, 1976, May 10, 1977, July 17, 1979, June 16, 1981, May 10, 1983,
May 10, 1984, October 15, 1985, February 24, 1987, October 14, 1988, March 1,
1990, October 22, 1992, October 18, 1994, February 20, 1996, November 3, 1998
and January 1, 2001 (the "Employment Agreement").

  This will confirm our agreement that the Employment Agreement is amended as
follows:

  1.  The period of your employment under and pursuant to the Employment
Agreement is hereby extended for an additional period through and including
December 31, 2003 upon all the terms, conditions and provisions of the
Employment Agreement, as hereby amended.

  2.  You shall be paid a basic salary (the "Basic Salary") for your services
under and pursuant to the Employment Agreement at the rate of $800,000 per
annum for the extension period January 1, 2003 through December 31, 2003.
Basic Salary shall be payable in accordance with the Company's customary
payroll practices for executives as in effect from time to time, and shall be
subject to such increases as the Board of Directors of the Company, in its
sole discretion, may from time to time determine. Such Basic Salary shall be
exclusive of fees received by you as a director and as a member of Committees
of the Boards of Directors of other corporations, including subsidiaries,
affiliates and investees of the Company.

  3.  In addition to receipt of Basic Salary under the Employment Agreement,
you shall participate in and shall receive incentive compensation under the
Incentive Compensation Plan for Executive Officers of the Company (the
"Compensation Plan") as awarded by the Incentive Compensation Committee of the
Board of Directors of the Company.

Mr. Laurence A. Tisch
As of January 1, 2003
Page 2

  4.  Incentive based compensation awarded in relation to applicable years
under the Compensation Plan shall be included in the computation of
pensionable earnings in determining your Supplemental Benefits under the
Employment Agreement. In no event, however, shall such Supplemental Benefits
duplicate benefits under the Company's Benefit Equalization Plan as amended
from time to time.

  Except as herein modified or amended, the Employment Agreement shall remain
in full force and effect.

  If the foregoing is in accordance with your understanding, would you please
sign the enclosed duplicate copy of this Letter Agreement at the place
indicated below and return the same to us for our records.

                                      Very truly yours,

                                      LOEWS CORPORATION

                                      By:        /s/ Gary W. Garson
                                         -------------------------------------
                                                   Gary W. Garson
                                                Senior Vice President

ACCEPTED AND AGREED TO:

/s/ Preston R. Tisch
-----------------------
Preston R. TischExhibit 10.21

                                      As of January 1, 2003

Mr. Andrew H. Tisch
667 Madison Avenue
New York, New York  10021

Dear Mr. Tisch:

  Reference is made to your Employment Agreement with Loews Corporation (the
"Company"), dated January 1, 1999, as amended by agreement dated January 1,
2002 (the "Employment Agreement").

  This will confirm our agreement that the Employment Agreement is amended as
follows:

  1.  Term of Employment.  The period of your employment under and pursuant to
      ------------------
the Employment Agreement is hereby extended for an additional period through
and including December 31, 2003 upon all the terms, conditions and provisions
of the Employment Agreement, as hereby amended.

  2.  Compensation.  You shall be paid as basic compensation (the "Basic
      ------------
Compensation") for your services to the Company and its subsidiaries under and
pursuant to the Employment Agreement a salary at the rate of Eight Hundred
Thousand ($800,000) Dollars per annum for the extension period January 1, 2003
through December 31, 2003. Basic Compensation shall be payable in accordance
with the Company's customary payroll practices as in effect from time to time,
and shall be subject to such increases as the Board of Directors of the
Company, in its sole discretion, may from time to time determine.

  3.  Incentive Compensation Plan.  In addition to receipt of Basic
      ---------------------------
Compensation under the Employment Agreement, you shall participate in the
Incentive Compensation Plan for Executive Officers of the Company (the
"Compensation Plan") and shall be eligible to receive incentive compensation
under the Compensation Plan as may be awarded in accordance with its terms.

  4.  Other Compensation.  The compensation provided pursuant to this Letter
      ------------------
Agreement shall be exclusive of compensation and fees, if any, to which you
may be entitled as an officer or director of a subsidiary of the Company.

  Except as herein modified or amended, the Employment Agreement shall remain
in full force and effect.

Mr. Andrew H. Tisch
As of January 1, 2003
Page 2

  If the foregoing is in accordance with your understanding, would you please
sign the enclosed duplicate copy of this Letter Agreement at the place
indicated below and return the same to us for our records.

                                       Very truly yours,

                                       LOEWS CORPORATION

                                       By:         /s/ Gary W. Garson
                                          ------------------------------------
                                                     Gary W. Garson
                                                  Senior Vice President

ACCEPTED AND AGREED TO:

 /s/ Andrew H. Tisch
-----------------------
   Andrew H. Tisch

                                      2Exhibit 10.23

                                      As of January 1, 2003

Mr. James S. Tisch
667 Madison Avenue
New York, New York  10021

Dear Mr. Tisch:

  Reference is made to your Employment Agreement with Loews Corporation (the
"Company"), dated January 1, 1999, as amended by agreement dated January 1,
2002 (the "Employment Agreement").

  This will confirm our agreement that the Employment Agreement is amended as
follows:

  1.  Term of Employment.  The period of your employment under and pursuant to
      ------------------
the Employment Agreement is hereby extended for an additional period through
and including December 31, 2003 upon all the terms, conditions and provisions
of the Employment Agreement, as hereby amended.

  2.  Compensation.  You shall be paid as basic compensation (the "Basic
      ------------
Compensation") for your services to the Company and its subsidiaries under and
pursuant to the Employment Agreement a salary at the rate of Eight Hundred
Thousand ($800,000) Dollars per annum for the extension period January 1, 2003
through December 31, 2003. Basic Compensation shall be payable in accordance
with the Company's customary payroll practices as in effect from time to time,
and shall be subject to such increases as the Board of Directors of the
Company, in its sole discretion, may from time to time determine.

  3.  Incentive Compensation Plan.  In addition to receipt of Basic
      ---------------------------
Compensation under the Employment Agreement, you shall participate in the
Incentive Compensation Plan for Executive Officers of the Company (the
"Compensation Plan") and shall be eligible to receive incentive compensation
under the Compensation Plan as may be awarded in accordance with its terms.

  4.  Other Compensation.  The compensation provided pursuant to this Letter
      ------------------
Agreement shall be exclusive of compensation and fees, if any, to which you
may be entitled as an officer or director of a subsidiary of the Company.

  Except as herein modified or amended, the Employment Agreement shall remain
in full force and effect.

Mr. James S. Tisch
As of January 1, 2003
Page 2

  If the foregoing is in accordance with your understanding, would you please
sign the enclosed duplicate copy of this Letter Agreement at the place
indicated below and return the same to us for our records.

                                       Very truly yours,

                                       LOEWS CORPORATION

                                       By:         /s/ Gary W. Garson
                                          ------------------------------------
                                                     Gary W. Garson
                                                  Senior Vice President

ACCEPTED AND AGREED TO:

  /s/ James S. Tisch
-----------------------
    James S. Tisch

                                      2

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