Letter agreement dated December 22, 2017, between Aetna Inc. and Thomas J. Sabatino, Jr

EX-10.41 4 exhibit10_41.htm EXHIBIT 10.41 Exhibit
    


Exhibit 10.41
[Aetna Logo]


Aetna Inc.
151 Farmington Avenue
Hartford, CT 06156
Thomas W. Weidenkopf
Executive Vice President and Chief
Human Resources Officer
Phone: 212 ###-###-####

December 22, 2017


Thomas J. Sabatino, Jr.
Executive Vice President and General Counsel
100 Park Avenue, 12th Floor
New York, NY 10017

Dear Tom,

In connection with the transactions contemplated by the Agreement and Plan of Merger dated as of December 3, 2017 among CVS Health Corporation, Hudson Merger Sub. Corp. and Aetna Inc., and in order to mitigate the potential adverse tax consequences to you under Section 280G and 4999 of the Internal Revenue Code arising from compensation that may become payable to you in connection with a termination of employment, we have agreed that the Restricted Stock Units previously awarded to you and otherwise scheduled to vest on May 10, 2018, shall automatically, without further action of the Company or its Committee on Compensation and Talent Management, be fully vested, accelerated and paid to you in Company shares (net of applicable taxes) on December 27, 2017.

We have agreed that the shares paid to you pursuant to this agreement are transferable on December 29, 2017 upon delivery to your UBS account (subject to normal Company preclearance procedures). We have also agreed that, if prior to May 10, 2018 (the original vesting date of the Restricted Stock Units), your employment is terminated for cause (as defined in your Employment Agreement dated March 31, 2016) or you voluntarily terminate your employment prior to such date, then promptly following such termination of employment, you will surrender to the Company the net after-tax shares issued to you pursuant to this agreement that would not have vested other than because of the acceleration provided to you pursuant to this agreement (or, if applicable, you will repay to the Company the net after-tax amount of cash received by you on any sale of such shares).

AETNA INC.
 
AGREED AND ACCEPTED
 
 
 
 
 
 
/s/ Thomas W. Weidenkopf
 
/s/ Thomas J. Sabatino, Jr.    
By:
 Thomas J. Weidenkopf
 
Thomas J. Sabatino, Jr.
 
 
 
 
 
Dated:
 12/27/17
 
Dated:
 12-22-17