Amendment to Employment Agreement Between Aetna Inc. and John W. Rowe, MD
Aetna Inc. has amended its employment agreement with John W. Rowe, MD, effective December 6, 2002. The amendment changes Section 2.04 to require Aetna to pay an annual premium of $73,500 for a life insurance policy covering Dr. Rowe, with beneficiaries designated by him. All other terms of the original employment agreement remain unchanged and in effect.
Exhibit 10.11
| Interoffice Communication | ||
 | ||
| Elease E. Wright Head of Aetna Human Resources (860) ###-###-#### Fax: (860) ###-###-#### |
| To | John W. Rowe, MD | |
| Date | December 6, 2002 | |
| Subject | Employment Agreement |
Aetna Inc.’s Board of Director’s Committee on Compensation and Organization has approved the following amendment to your Employment Agreement with the Company dated as of September 6, 2000. Section 2.04 of the Employment Agreement shall be deleted and replaced with the following: “During the Employment Term, Company shall pay an annual premium of $73,500 on life insurance covering Executive and payable to beneficiaries designated by Executive”.
Except as so amended, the Employment Agreement shall remain in full force and effect.
Aetna Inc.
By: /s/ Elease E. Wright Elease E. Wright
