EXHIBIT 10t3 AMENDMENT TO SEVERANCE AGREEMENT This AMENDMENT effective as of January 1, 1995 to the Severance Agreement (the "Agreement") dated as of March 1, 1988 between AMERICAN BRANDS, INC., a Delaware corporation (the "Company"), and THOMAS C. HAYS (the "Executive") WHEREAS, the Company and the Executive entered into the Agreement in order to provide severance benefits in the event of termination of employment of the Executive under certain circumstances; and WHEREAS, the Company and the Executive desire to amend the Agreement as set forth herein; NOW, THEREFORE, in consideration of the premises and to further assure the retention of the Executive in the employ of the Company after the date of this Amendment to Severance Agreement, the parties hereto do hereby agree that Section 2(b)(ii)(A)(3) of the Agreement is hereby amended as follows: "(3) the greater of the amount that was allocated to the Executive's account under the Profit-Sharing Plan of American Brands, Inc. (the "Profit-Sharing Plan"), including the Company 401(k) matching contribution thereto, the profit-sharing provisions of the Supplemental Retirement Plan of American Brands, Inc. (the "Supplemental Plan"), including the Company matching award related to the supplemental tax deferred amounts therein, and any other defined contribution plan of the Company or an affiliate thereof for 1987 and the amount that would have been required to be so allocated to him for the year immediately preceding the year in which the Termination Date occurs, multiplied by . . ." IN WITNESS WHEREOF, the Company has caused this Amendment to Severance Agreement to be signed by its officer thereunto duly authorized and its seal to be hereunto affixed and attested and the Executive has hereunto set his hand as of the 28th day of November, 1994. AMERICAN BRANDS, INC. By Steven C. Mendenhall -------------------- (Corporate Seal) Steven C. Mendenhall Vice President and Chief Administrative Officer ATTEST: Louis F. Fernous ---------------- Secretary Thomas C. Hays -------------- THOMAS C. HAYS Subscribed and sworn to before me, a Notary Public in and for the County of Fairfield and State of Connecticut, this 27th day of December 1994. Gail D. Morgan -------------- Notary Public NY2:32718.02