0001181431-07-015516 Sample Contracts

EMPLOYMENT AGREEMENT Between Federal Home Loan Bank of Seattle and Richard M. Riccobono
Federal Home Loan Bank of Seattle • February 28th, 2007 • Federal & federally-sponsored credit agencies • Washington

The purpose of this Agreement is to confirm the terms of the employment relationship between the Federal Home Loan Bank of Seattle (the "Seattle Bank" or "Employer") and Richard M. Riccobono (hereinafter referred to as the "Executive").

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SEPARATION, MUTUAL RELEASE, AND CONSULTING AGREEMENT
, and Consulting Agreement • February 28th, 2007 • Federal Home Loan Bank of Seattle • Federal & federally-sponsored credit agencies • Washington

This Separation, Mutual Release, and Consulting Agreement (the “Agreement”) is entered into by and between the Federal Home Loan Bank of Seattle (the “Seattle Bank”) and James E. Gilleran to set forth the terms and conditions of Mr. Gilleran’s separation from his employment with the Seattle Bank and his provision of consultative services through December 31, 2007. The Agreement supersedes and replaces the employment agreement entered into by the Seattle Bank and Mr. Gilleran dated June 1, 2005 (the “Employment Agreement”), except that the Employment Agreement shall remain in effect through April 30, 2007.

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