Exhibit 10.35
AMENDMENT NO. 1 TO
SUPPLEMENTAL RETIREMENT AGREEMENT
This AMENDMENT NO. 1 TO SUPPLEMENTAL RETIREMENT AGREEMENT made as of the first day
of January, 2003 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, 2003 (the "2003 Amount"), and the Executive shall become vested in the 2003 Amount as of December 31,
2003.
(b) On December 31, 2003 the 2003 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