PERSONAL AND CONFIDENTIAL May 2, 2001 Mr. Peter T. Paul 550 Riviera Circle Larkspur, CA 94939 Dear Peter:Separation Agreement • August 14th, 2001 • Greenpoint Financial Corp • Mortgage bankers & loan correspondents • California
This letter agreement (“Agreement”) will confirm the terms negotiated and reached between you and GreenPoint Financial Corp. (“GreenPoint”) concerning your separation from GreenPoint, GreenPoint Bank (the “Bank”), GreenPoint Credit, LLC (“Credit”), and each of their respective affiliates (collectively, the “GreenPoint Entities”). Under this Agreement, you and GreenPoint will be, from time to time, referred to collectively as the “Parties”. This Agreement has been entered into between the Parties after each of the Parties consulted with its respective counsel.
