2006 Base Salary Adjustment Agreement for Louise M. Parent, Executive Vice President and General Counsel of American Express Company
American Express Company has increased the annual base salary of Louise M. Parent, its Executive Vice President and General Counsel, from $440,000 to $500,000 effective January 23, 2006. This decision was made by the Compensation and Benefits Committee of the Board of Directors following a review of her performance and market data. The agreement outlines the new salary terms for Ms. Parent for the year 2006.
EXHIBIT 10.41
Description of 2006 Base Salary of Louise M. Parent,
Executive Vice President and General Counsel
On January 23, 2006, after a review of performance and competitive market data, the Compensation and Benefits Committee of the Board of Directors of American Express Company increased the annual base salary of Louise M. Parent, the Executive Vice President and General Counsel of the Company, from $440,000 to $500,000.
