Document:

Exhibit 10.1

 

[Form of Amendment for Grandfathered SVP
Severance Agreement]

 

AMENDMENT
TO SEVERANCE AGREEMENT

 

THIS AMENDMENT TO SEVERANCE AGREEMENT (“Amendment”), dated effective
as of June 8, 2005 (the “Effective Date”), is made by and between Forest
Oil Corporation, a New York corporation (the “Company”), and                              
(“Executive”).

 

WHEREAS, the Company and Executive have
heretofore entered into that certain Severance Agreement dated                      ,
            (the “Severance
Agreement”);

 

WHEREAS, the Company has elected,
subject to the amendments stated below, to extend the term of the Severance
Agreement for an additional 30-month period past June 14, 2005, so
that the Company will again have the opportunity to review and determine
whether to extend the Severance Agreement during the 30-day period
starting on December 14, 2007; and

 

WHEREAS, the Company and Executive
desire to amend the Severance Agreement in certain respects;

 

NOW, THEREFORE, in consideration of the premises
set forth above and the mutual agreements set forth herein, the Company and
Executive hereby agree, effective as of the Effective Date, that the Severance
Agreement shall be amended as hereafter provided:

 

1.                                       The “Witnesseth” section of
the Severance Agreement shall be amended by adding the following new “whereas”
provisions at the end of the existing “whereas” provisions:

 

“WHEREAS, Executive will receive and/or
has received proprietary and confidential trade secret information of the
Company; and

 

WHEREAS, Executive will serve and/or
has served as an executive, management personnel, or officer of the Company;”

 

2.                                       The first sentence of Paragraph 4
of the Severance Agreement shall be amended by adding the following phrase at
the beginning of the sentence: “Subject to the provisions of Paragraph 7(i) hereof,”;
with the remainder of the sentence remaining the same.

 

3.                                       Paragraph 4(a) shall be
amended by striking the phrase “last day of Executive’s employment with the
Company” and in its place inserting the phrase “effective date of the release
described in Paragraph 7(i) hereof.”

 

4.                                       Paragraph 5 shall be amended by
inserting immediately after the words “New York” the phrase “on a
non-compounded basis.”

 

5.                                       Paragraph 7(b) shall be
amended by inserting immediately after the words “New York” the phrase “on a
non-compounded basis.”

 

 

6.                                       The title of Paragraph 7(i) shall
be amended to read as follows: “Release and Covenant Not to Compete or Solicit
for Payment under Paragraph 3 or 4.”

 

7.                                       The first sentence of Paragraph
7(i) shall be amended by adding after the phrase “Paragraph 3” the
following words: “or 4.”

 

8.                                       The text of Paragraph 7(i) shall
be amended by adding the following language to the end of the current text:

 

“In the event that Executive is to receive
benefits under Paragraph 3, the release shall also contain a covenant
obligating Executive, for a period lasting 2 years from the effective date of
the release, (i) not to compete with the Company in or reasonably near all
geographic areas in which Executive devoted efforts during the 2-year
period immediately preceding his termination from the Company, as determined by
the Company in its sole discretion, and (ii) not to solicit the employment
of any employees of the Company without advance written consent of the Company,
which consent may be withheld for any reason.”

 

9.                                       This Amendment (a) shall
supersede any prior agreement between the Company and Executive relating to the
subject matter of this Amendment and (b) shall be binding upon and inure
to the benefit of the parties hereto and any successors to the Company and all
persons lawfully claiming under Executive.

 

10.                                 As amended hereby, the Severance
Agreement is specifically ratified and reaffirmed.

 

IN WITNESS WHEREOF, the parties hereto have
executed and delivered this Amendment, effective as of the Effective Date.

 

	
   

  	
  FOREST OIL CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  

 

2Exhibit 10.2

 

[Form of Amendment for SVP Severance
Agreement]

 

AMENDMENT
TO SEVERANCE AGREEMENT

 

THIS AMENDMENT TO SEVERANCE AGREEMENT (“Amendment”), dated effective
as of June 8, 2005 (the “Effective Date”), is made by and between Forest
Oil Corporation, a New York corporation (the “Company”), and                              
(“Executive”).

 

WHEREAS, the Company and Executive have
heretofore entered into that certain Severance Agreement dated                      ,
            (the “Severance
Agreement”);

 

WHEREAS, the Company has elected,
subject to the amendments stated below, to extend the term of the Severance
Agreement for an additional 30-month period past June 14, 2005, so
that the Company will again have the opportunity to review and determine whether
to extend the Severance Agreement during the 30-day period starting on December 14,
2007; and

 

WHEREAS, the Company and Executive
desire to amend the Severance Agreement in certain respects;

 

NOW, THEREFORE, in consideration of the
premises set forth above and the mutual agreements set forth herein, the
Company and Executive hereby agree, effective as of the Effective Date, that
the Severance Agreement shall be amended as hereafter provided:

 

1.                                       The “Witnesseth” section of
the Severance Agreement shall be amended by adding the following new “whereas”
provisions at the end of the existing “whereas” provisions:

 

“WHEREAS, Executive will receive and/or
has received proprietary and confidential trade secret information of the
Company; and

 

WHEREAS, Executive will serve and/or
has served as an executive, management personnel, or officer of the Company;”

 

2.                                       The first sentence of Paragraph 3
of the Severance Agreement shall be amended by adding the following phrase at
the beginning of the sentence: “Subject to the provisions of Paragraph 6(i) hereof,”;
with the remainder of the sentence remaining the same.

 

3.                                       Paragraph 3(a) shall be
amended by striking the phrase “last day of Executive’s employment with the
Company” and in its place inserting the phrase “effective date of the release
described in Paragraph 6(i) hereof.”

 

4.                                       Paragraph 4 shall be amended by
inserting immediately after the words “New York” the phrase “on a
non-compounded basis.”

 

5.                                       Paragraph 6(b) shall be
amended by inserting immediately after the words “New York” the phrase “on a
non-compounded basis.”

 

6.                                       A new Paragraph 6(i), with
following language, shall be inserted:

 

 

“(i)                               Release. 
As a condition to the receipt of any benefit under Paragraph 3 hereof,
Executive shall first execute a release, in the form established by the Company,
releasing the Company, its shareholders, partners, officers, directors,
employees and agents from any and all claims and from any and all causes of
action of any kind or character, including but not limited to all claims or
causes of action arising out of Executive’s employment with the Company or the
termination of such employment.”

 

7.                                       Paragraphs 6(i) through
6(m) shall be renumbered 6(j) through 6(n), respectively.

 

8.                                       This Amendment (a) shall
supersede any prior agreement between the Company and Executive relating to the
subject matter of this Amendment and (b) shall be binding upon and inure
to the benefit of the parties hereto and any successors to the Company and all
persons lawfully claiming under Executive.

 

9.                                       As amended hereby, the Severance
Agreement is specifically ratified and reaffirmed.

 

IN WITNESS WHEREOF, the parties hereto have
executed and delivered this Amendment, effective as of the Effective Date.

 

	
   

  	
  FOREST OIL CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  

 

2Exhibit 10.3

 

[Form of Amendment for Grandfathered VP
Severance Agreement]

 

AMENDMENT
TO SEVERANCE AGREEMENT

 

THIS AMENDMENT TO SEVERANCE AGREEMENT (“Amendment”), dated effective
as of June 8, 2005 (the “Effective Date”), is made by and between Forest
Oil Corporation, a New York corporation (the “Company”), and                              
(“Executive”).

 

WHEREAS, the Company and Executive have
heretofore entered into that certain Severance Agreement dated                      ,
            (the “Severance
Agreement”);

 

WHEREAS, the Company has elected,
subject to the amendments stated below, to extend the term of the Severance
Agreement for an additional 30-month period past June 14, 2005, so
that the Company will again have the opportunity to review and determine
whether to extend the Severance Agreement during the 30-day period
starting on December 14, 2007; and

 

WHEREAS, the Company and Executive
desire to amend the Severance Agreement in certain respects;

 

NOW, THEREFORE, in consideration of the
premises set forth above and the mutual agreements set forth herein, the
Company and Executive hereby agree, effective as of the Effective Date, that
the Severance Agreement shall be amended as hereafter provided:

 

1.                                       The “Witnesseth” section of
the Severance Agreement shall be amended by adding the following new “whereas”
provisions at the end of the existing “whereas” provisions:

 

“WHEREAS, Executive will receive and/or
has received proprietary and confidential trade secret information of the
Company; and

 

WHEREAS, Executive will serve and/or
has served as an executive, management personnel, or officer of the Company;”

 

2.                                       The first sentence of Paragraph 4
of the Severance Agreement shall be amended by adding the following phrase at
the beginning of the sentence: “Subject to the provisions of Paragraph 7(i) hereof,”;
with the remainder of the sentence remaining the same.

 

3.                                       Paragraph 4(a) shall be
amended by striking the phrase “last day of Executive’s employment with the
Company” and in its place inserting the phrase “effective date of the release
described in Paragraph 7(i) hereof.”

 

4.                                       Paragraph 5 shall be amended by
inserting immediately after the words “New York” the phrase “on a
non-compounded basis.”

 

5.                                       Paragraph 7(b) shall be
amended by inserting immediately after the words “New York” the phrase “on a
non-compounded basis.”

 

 

6.                                       The title of Paragraph 7(i) shall
be amended to read as follows: “Release and Covenant Not to Compete or Solicit
for Payment under Paragraph 3 or 4.”

 

7.                                       The first sentence of Paragraph
7(i) shall be amended by adding after the phrase “Paragraph 3” the
following words: “or 4.”

 

8.                                       The text of Paragraph 7(i) shall
be amended by adding the following language to the end of the current text:

 

“In the event that Executive is to receive
benefits under Paragraph 3, the release shall also contain a covenant
obligating Executive, for a period lasting 2 years from the effective date of
the release, (i) not to compete with the Company in or reasonably near all
geographic areas in which Executive devoted efforts during the 2-year
period immediately preceding his termination from the Company, as determined by
the Company in its sole discretion, and (ii) not to solicit the employment
of any employees of the Company without advance written consent of the Company,
which consent may be withheld for any reason.”

 

9.                                       This Amendment (a) shall
supersede any prior agreement between the Company and Executive relating to the
subject matter of this Amendment and (b) shall be binding upon and inure
to the benefit of the parties hereto and any successors to the Company and all
persons lawfully claiming under Executive.

 

10.                                 As amended hereby, the Severance
Agreement is specifically ratified and reaffirmed.

 

IN WITNESS WHEREOF, the parties hereto have
executed and delivered this Amendment, effective as of the Effective Date.

 

	
   

  	
  FOREST OIL CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  

 

2

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