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EXHIBIT 10.35
INTEROFFICE
COMMUNICATION XXXX XXX XXXXXXXX
Aetna Human Resources, RC3A
(000) 000-0000
Fax: (000) 000-0000
To Xxxxxxxxx X. Xxxxxxxx, Xx.
Date July 22, 1996
Subject EMPLOYMENT AGREEMENT
I am pleased to inform you that effective July 19, 1996, Aetna Inc. has assumed
all of the obligations of Aetna Services, Inc. (formerly Aetna Life and Casualty
Company) under your Employment Agreement with Aetna Services, Inc. All
references to the "Company" in your Employment Agreement will hereinafter be
deemed to mean both Aetna Services, Inc. and Aetna Inc. Among other things, this
means that the Change in Control provisions of your Employment Agreement would
be triggered by a change in control of either Aetna Services, Inc. or Aetna Inc.
By way of background, Aetna Inc. became the ultimate parent within the Aetna
holding company system as a result of the merger with U.S. Healthcare. Your
Employment Agreement was entered into with Aetna Services, Inc., which is now a
direct subsidiary of Aetna Inc. We felt it would be appropriate for the new
ultimate parent, Aetna Inc., to assume these obligations to place you on an
equivalent footing post-merger.
The assumption of your Employment Agreement is self-executing. You do not need
to take any action in response to this letter. If you have any questions or
concerns, please let me know.
/s/ Xxxx Xxx Xxxxxxxx
