October 2, 2009 Alfred F. Kelly, Jr. Rye, New York 10580 Dear Al:Separation Agreement • October 30th, 2009 • American Express Co • Finance services • New York
This letter agreement (“Agreement”) will confirm our understanding relating to the mutually agreed cessation of your employment with American Express Company (“the Company”). The terms of this Agreement are subject to the final approval of the Compensation and Benefits Committee (“CBC”) of the Board of Directors of the Company. In consideration for your agreement to comply with the terms of this Agreement, the following separation arrangements will be provided by the Company.
