Amendment Agreement to Letter Agreement between AllianceBernstein L.P. and James Gingrich
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Summary
AllianceBernstein L.P. and James Gingrich have agreed to amend their February 13, 2017 letter agreement. The amendment, effective February 6, 2018, states that upon Gingrich's retirement, he will receive a retirement agreement similar to those given to other recently retired partners. This agreement will ensure his retirement is treated as a termination without cause for the purpose of continued vesting of his deferred incentive compensation awards. All other terms of the original letter agreement remain unchanged.
EX-10.01 3 a2017_exhibit1001.htm EXHIBIT 10.01 Exhibit
AMENDMENT AGREEMENT
This Amendment Agreement is being entered into effective February 6, 2018 between AllianceBernstein L.P. (“AB”) and James Gingrich (“Gingrich”) to amend the letter agreement dated February 13, 2017 between AB and Gingrich (the “Letter Agreement”).
In consideration of Gingrich’s contribution to the transition process to AB’s new leadership, AB and Gingrich hereby agree to amend the Letter Agreement by adding at the end of the first paragraph thereof the following sentence:
In addition, when you retire from AB, AB will enter into a retirement agreement with you in a form similar to the retirement agreements of other recently retired partners, including a provision that your retirement will be treated as a “termination without cause” with respect to the continued vesting of deferred awards under your Incentive Compensation Award Program Award Agreements.
In all other respects, the Letter Agreement shall remain unchanged.
Executed on February 6, 2018.
ALLIANCEBERNSTEIN L.P.
By: /s/ Seth Bernstein
Seth Bernstein
Chief Executive Officer
/s/ James Gingrich
James Gingrich
