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EXHIBIT 10.25
INTEROFFICE COMMUNICATION
[AETNA LOGO]
XXXX XXX XXXXXXXX
Senior Vice President
Aetna Human Resources, RC3A
(000) 000-0000
Fax: (000) 000-0000
To Xxxxxx X. Xxxx
Date June 7, 1996
Subject Employment Agreement
This memorandum is to confirm that with respect to the employment agreement
between you and Aetna dated as of May 7, 1996, Aetna hereby agrees to extend the
60 day written notice requirement set forth in Section 6(d), "Termination for
Good Reason", until May 7, 1997.
In addition, in the event Aetna terminates your employment under circumstances
which call for the payment of Severance Benefits under your employment
agreement, you will be eligible to elect into retiree medical and/or retiree
dental benefits one time after you reach age 50. Your one-time election must be
done prior to age 65 and will be in force on the next January 1 or July 1 for
the plans then in effect. No evidence of insurability will be required. You will
be required to pay 100% of the monthly medical and/or dental premium each month
(i.e., without any contribution of premium by Aetna). If you die before electing
coverage, your spouse and eligible dependents may enroll under the same
conditions. Please note that Aetna reserves the right to amend or eliminate
retiree health and/or retiree dental benefits at anytime.
If the foregoing is acceptable to you, please sign both of the original copies
of this agreement in the space indicated below and return one of the signed
originals to me.
/s/ Xxxx Xxx Xxxxxxxx
Agreed to and Accepted:
/s/ Xxxxxx Xxxx 6/21/96
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Xxxxxx X. Xxxx
