Amendment to Employment Agreement between AXA Equitable Holdings, Inc. and Mark Pearson
This amendment updates the employment agreement between AXA Equitable Holdings, Inc. and Mark Pearson, originally dated March 9, 2011. The changes include updating the company name references, deleting certain sentences from Section 6(e), and removing several sections and related references from the agreement. The amendment is effective as of Mark Pearson's signature date, December 18, 2019. Both parties have agreed to these modifications by signing the letter.
AXA EQUITABLE HOLDINGS, INC
AXA EQUITABLE LIFE INSURANCE COMPANY
December 17, 2019
Mr. Mark Pearson
AXA Equitable Holdings, Inc.
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 – All references to “AXA Financial, Inc.” and “AXA Financial” are replaced with “AXA Equitable Holdings, Inc.” and “EQH” respectively.
2 – The second, third and fourth sentences of Section 6(e) are deleted in their entirety.
3 - The following sections are deleted in their entirety (along with any references thereto in Section 12): Section 6(i), Section 6(k), Section 6(l), Section 7(c)(ii), Section 8(b)(Z) and Section 8(c).
By signing below, you indicate your acceptance of, consent to, and agreement with, this amendment.
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| Sincerely, |
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| /s/ Jeff Hurd |
| Jeff Hurd |
| Chief Operating Officer |
| AXA Equitable Holdings, Inc. |
| AXA Equitable Life Insurance Company |
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| ACCEPTED AND AGREED TO:
/s/ Mark Pearson |
| Mark Pearson |
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| December 18, 2019 |
| Date |
