AMENDED AND RESTATED
AGREEMENT (this “Agreement”) made as of the twenty fifth (25
) day of February, 2008 between
LOEWS CORPORATION (the “Company”) and ANDREW H . TISCH (the “Executive”).
W I T N E S S E T H:
WHEREAS, the Executive is currently serving as an executive employee of the Company pursuant to that
certain Employment Agreement dated as of January 1, 1999 between the Company and the Executive (as the
same has been amended through the date hereof, the “Existing Agreement”); and
WHEREAS, the Company and the Executive desire that the Executive’s employment be continued and that
the Existing Agreement be amended and restated on the terms and condition set forth herein.
NOW, THEREFORE, in consideration of the premises and the covenants and agreements hereinafter set
forth, the parties agree as follows:
1. Term of Employment . The Company does hereby engage and employ the Executive and the
Executive hereby accepts such Employment in an executive capacity, for a term commencing on the date hereof
and continuing through March 31, 2009 (the “Term”).
2. Duties . The Executive accepts such employment and agrees that the Executive shall be employed as a
senior executive officer of the Company and as such shall perform the duties which he heretofore performed as a
senior executive officer of the Company and such other duties, as may be required of him from time to time by
the Board of Directors in keeping with his position as a senior executive officer of the Company. His office will be
in New York City.
3. Other Activities . The Executive hereby agrees that during the Term he will not render services for any
person, firm or corporation other than the Company and its subsidiary and affiliated corporations; provided,
however, that the Executive may continue to devote a reasonable portion of his time and attention to supervision
of his own investments, to charitable and civic activities and to membership o