SEPARATION, MUTUAL RELEASE, AND CONSULTING AGREEMENTSeparation, Mutual Release, 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.
