Amendment to Employment Agreement between Equitable Holdings, Inc. and Mark Pearson (February 2023)

Contract Categories: Human Resources › Employment Agreements
Summary

This letter agreement amends the employment contract between Equitable Holdings, Inc. (and its subsidiary, Equitable Financial Life Insurance Company) and Mark Pearson, their President and CEO. Effective upon signing, the amendment removes the mandatory retirement age provision and deletes two specific sections (7(d) and 8(d)) from the original 2011 agreement. Mark Pearson's acceptance is confirmed by his signature, making these changes immediately effective.

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EX-10.26 3 eqh-12312022exhibit1026.htm EX-10.26 Document
Exhibit 10.2.6

 
February 14, 2023
  
Mr. Mark Pearson
President and Chief Executive Officer
Equitable Holdings, Inc.
Chief Executive Officer
Equitable Financial Life Insurance Company
1290 Avenue of the Americas, 16th floor
New York, New York 10104
 
Dear Mr. Pearson:
 
This letter confirms our understanding regarding the amendment of your employment agreement dated March 9, 2011 (the “Agreement”). Please confirm your acceptance of the terms of this letter by signing below.
 
Effective as of the date of your signature below, the Agreement is hereby amended as follows:
 
1 – The following wording is deleted from Section 2: “or until the close of the last day of the calendar month in which the Executive attains age 65, whichever comes first”.

2 – Section 7(d) is deleted in its entirety.
 
3 – Section 8(d) is deleted it its entirety.
 
 
By signing below, you indicate your acceptance of, consent to, and agreement with, this amendment.
 

Sincerely,
/s/ Jeff Hurd _
Jeff Hurd
Chief Operating Officer
Equitable Holdings, Inc.
Equitable Financial Life Insurance Company
 
 
ACCEPTED AND AGREED TO:
/s/ Mark Pearson _
Mark Pearson
February 14, 2023 _
Date