Document:

Exhibit 10.31

                                            As of January 1, 2004

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 agreements dated as of
January 1, 2002 and as of January 1, 2003 (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 March 31, 2005 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 Nine Hundred
Seventy-Five Thousand ($975,000) Dollars per annum for the extension period
January 1, 2004 through  March 31, 2005. 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, 2004
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. TischExhibit 10.34

                             AMENDMENT NO. 2 TO
                             ------------------
                       SUPPLEMENTAL RETIREMENT AGREEMENT
                       ---------------------------------

  This AMENDMENT NO. 2 TO SUPPLEMENTAL RETIREMENT AGREEMENT made as of the
first day of January, 2004 between LOEWS CORPORATION (the "Company") and JAMES
S. TISCH (the "Executive").

                            W I T N E S S E T H:

  WHEREAS, the Executive is currently serving as an executive officer of the
Company;

  WHEREAS, pursuant to a Supplemental Retirement Agreement dated as of January
1, 2002 (the "Supplemental Retirement Agreement"), the Company has agreed to
provide to the Executive supplemental retirement benefits;

  WHEREAS, the Company and the Executive desire that the Executive's
retirement benefits be further supplemented on the terms and conditions
hereinafter set forth; and

  WHEREAS, all capitalized terms used herein without definition are used as
defined in the Supplemental Retirement Agreement.

  NOW, THEREFORE, the Company and the Executive agree that the Supplemental
Retirement Agreement is hereby amended as follows:

  1. In connection with the Executive's employment with the Company and to
provide supplemental retirement benefits to the Executive in addition to the
Executive's compensation and other benefits, the Executive's Supplemental
Retirement Account shall be credited as follows:

  (a) The Supplemental Retirement Account shall be credited with an
      additional sum of $250,000, effective January 1, 2004 (the "2004
      Amount"), and the Executive shall become vested in the 2004 Amount
      as of December 31, 2004.

  (b) On December 31, 2004 the 2004 Amount credited to the Executive's
      Supplemental Retirement Account shall be credited with the Pay-
      Based Credit which would have been credited under Section 3.2 of
      the Plan as if the definition of "Compensation" under Section 1.9
      of the Plan had not included the second sentence thereof.

  2. Except as herein amended, the Supplemental Retirement Agreement
     shall remain in full force and effect.  All references to the
     Supplemental Retirement Account in the Supplemental Retirement
     Agreement, as amended hereby, shall mean and include the
     Supplemental Retirement Account as increased by the 2004 Amount and
     all other amounts credited to the Supplemental Retirement Account
     pursuant to the Supplemental Retirement Agreement as the same has
     been and may hereafter be amended.

  3. This Agreement sets forth the entire understanding between the Company
     and the Executive with respect to the supplemental retirement benefits
     which are the subject matter hereof and supercedes all prior
     understandings and agreements with respect thereto. No change,
     termination or waiver of any of the provisions hereof shall be binding
     unless in writing signed by the party against whom the same is sought to
     be enforced.  This Agreement is governed by and shall be construed in
     accordance with the laws of the State of New York, without giving effect
     to principles of conflicts of law.

  IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.

                                          LOEWS CORPORATION

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

                                              /s/James S. Tisch
                                              --------------------------
                                                 James S. TischExhibit 10.38

                                            As of January 1, 2004

Mr. Jonathan M. 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 agreements dated as of
January 1, 2002 and as of January 1, 2003 (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 March 31, 2005 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 Nine Hundred
Seventy-Five Thousand ($975,000) Dollars per annum for the extension period
January 1, 2004 through  March 31, 2005. 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. Jonathan M. Tisch
As of January 1, 2004
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/Jonathan M. Tisch
-------------------------------
       Jonathan M. TischExhibit 10.41

                            AMENDMENT NO. 2 TO
                            ------------------
                     SUPPLEMENTAL RETIREMENT AGREEMENT
                     ---------------------------------

  This AMENDMENT NO. 2 TO SUPPLEMENTAL RETIREMENT AGREEMENT made as of the
first day of January, 2004 between LOEWS CORPORATION (the "Company") and
JONATHAN M. TISCH (the "Executive").

                              W I T N E S S E T H:

  WHEREAS, the Executive is currently serving as an executive officer of the
Company;

  WHEREAS, pursuant to a Supplemental Retirement Agreement dated as of January
1, 2002 (the "Supplemental Retirement Agreement"), the Company has agreed to
provide to the Executive supplemental retirement benefits;

  WHEREAS, the Company and the Executive desire that the Executive's
retirement benefits be further supplemented on the terms and conditions
hereinafter set forth; and

  WHEREAS, all capitalized terms used herein without definition are used as
defined in the Supplemental Retirement Agreement.

  NOW, THEREFORE, the Company and the Executive agree that the Supplemental
Retirement Agreement is hereby amended as follows:

  1. In connection with the Executive's employment with the Company and to
provide supplemental retirement benefits to the Executive in addition to the
Executive's compensation and other benefits, the Executive's Supplemental
Retirement Account shall be credited as follows:

  (a) The Supplemental Retirement Account shall be credited with an additional
      sum of $250,000, effective January 1, 2004 (the "2004 Amount"), and the
      Executive shall become vested in the 2004 Amount as of December 31,
      2004.

  (b) On December 31, 2004 the 2004 Amount credited to the Executive's
      Supplemental Retirement Account shall be credited with the Pay-Based
      Credit which would have been credited under Section 3.2 of the Plan as
      if the definition of "Compensation" under Section 1.9 of the Plan had
      not included the second sentence thereof.

  2. Except as herein amended, the Supplemental Retirement Agreement shall
     remain in full force and effect. All references to the Supplemental
     Retirement Account in the Supplemental Retirement Agreement, as amended
     hereby, shall mean and include the Supplemental Retirement Account as
     increased by the 2004 Amount and all other amounts credited to the
     Supplemental Retirement Account pursuant to the Supplemental Retirement
     Agreement as the same has been and may hereafter be amended.

  3. This Agreement sets forth the entire understanding between the Company
     and the Executive with respect to the supplemental retirement benefits
     which are the subject matter hereof and supercedes all prior
     understandings and agreements with respect thereto. No change,
     termination or waiver of any of the provisions hereof shall be binding
     unless in writing signed by the party against whom the same is sought to
     be enforced. This Agreement is governed by and shall be construed in
     accordance with the laws of the State of New York, without giving effect
     to principles of conflicts of law.

  IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.

                                       LOEWS CORPORATION

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

                                            /s/Jonathan M. Tisch
                                            -------------------------------
                                                 Jonathan M. Tisch

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]