Exhibit 10.15.1 --------------- February 25, 1998 J. Atwood Ives 17 West Cedar Street Boston, MA 02108 Re: Eastern Enterprises Supplemental Executive Retirement Plan Dear Woody: By letter agreement dated April 28, 1994, you and Eastern Enterprises agreed that certain amendments being made at that time to the Eastern Enterprises Supplemental Executive Retirement Plan (the "SERP") would not apply with respect to benefits that may become payable to you or your spouse under such Plan. Pursuant to authorization of Eastern's Board of Trustees on February 25, 1998, that letter agreement may now be rescinded so that the limitations contained therein shall no longer apply with respect to benefits payable to you or your spouse under the SERP. Accordingly, by this letter, you and Eastern Enterprises hereby agree to rescind the letter agreement dated April 28, 1994, as stated above. Please indicate your agreement by signing in the space provided below and returning one copy of this letter agreement to the undersigned. Sincerely, /S/ WALTER J. FLAHERTY Walter J. Flaherty AGREED: /S/J.ATWOOD IVES - ------------------- J. Atwood Ives February 25, 1998 Richard R. Clayton P.O. Box 2364 1 Quail Run Acton, MA 01720-6364 Re: Eastern Enterprises Supplemental Executive Retirement Plan Dear Dick: By letter agreement dated April 28, 1994, you and Eastern Enterprises agreed that certain amendments being made at that time to the Eastern Enterprises Supplemental Executive Retirement Plan (the "SERP") would not apply with respect to benefits that may become payable to you or your spouse under such Plan. Pursuant to authorization of Eastern's Board of Trustees on February 25, 1998, that letter agreement may now be rescinded so that the limitations contained therein shall no longer apply with respect to benefits payable to you or your spouse under the SERP. Accordingly, by this letter, you and Eastern Enterprises hereby agree to rescind the letter agreement dated April 28, 1994, as stated above. Please indicate your agreement by signing in the space provided below and returning one copy of this letter agreement to the undersigned. Sincerely, /s/ WALTER J. FLAHERTY Walter J. Flaherty AGREED: /S/ RICHARD R. CLAYTON - ---------------------- Richard R. Clayton