0000316709-03-000009 Sample Contracts

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Exhibit 10.250 November 4, 2002 Mr. Jeffrey S. Maurer 241 Kings Point Road Kings Point, New York 11024 Dear Jeff: The purpose of this letter is to confirm our understanding of, and agreement to, the following terms regarding your recent change in...
Employment Agreement • March 21st, 2003 • Schwab Charles Corp • Security brokers, dealers & flotation companies

The purpose of this letter is to confirm our understanding of, and agreement to, the following terms regarding your recent change in position. We recognize that you have been terminated as Chairman and Chief Executive Officer of U.S. Trust and have the right to leave at any time hereafter prior to May 31, 2003 with or without Good Reason and have it treated as a termination of your employment without Cause by us. Any termination by you or us (whether with or without Cause) hereafter and on or prior to May 31, 2003, including termination as a result of your death or Disability, shall be treated as a "Protected Termination" entitling you to the compensation, benefits, and perquisites set forth in your Employment Agreement and as expanded herein. (Any terms not defined in this letter shall have the meanings given to them in your Employment Agreement.)

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