AGREEMENT made as of the first day of JANUARY, 1999 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 and the Company and
the Executive desire that such employment be continued 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 of three (3) years from January 1, 1999 to
December 31, 2001 (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 on the Board of Directors or Trustees of other
non- competitive companies or organizations, but only to the extent that the foregoing does not, in the aggregate,
(a) require a significant portion of the Executive's time or (b) interfere or conflict with the performance of the
Executive's services under this Agreement.
4. Compensation. As basic compensation ("Basic Compensati