Employment Agreement Amendment and Transfer Acknowledgment between Envestnet Entities and Employee

Contract Categories: Human Resources › Employment Agreements
Summary

This letter agreement is between Envestnet, Inc., Envestnet Asset Management, Inc. (EAM), Envestnet Financial Technologies, Inc. (EFT), and the employee. It notifies the employee that, effective January 1, 2018, their employment, along with all related benefits and contracts, will transfer from EAM to EFT, another Envestnet subsidiary. The transfer does not change any terms of employment. By signing, the employee acknowledges the transfer is not a termination and agrees that their employment agreement is amended to substitute EFT for EAM.

Read More Arrow
EX-10.25 8 exhibit1025.htm EX-10.25 Document

Exhibit 10.25



, 2017


Dear ,

You are receiving this letter due to the fact that you are party to a current employment agreement with Envestnet, Inc. and Envestnet Asset Management, Inc. (“EAM”) (your “Employment Agreement”). Effective as of January 1, 2018, Envestnet, Inc. will be transferring the employment of all employees, as well as all benefit plans, payroll, and related contracts, from EAM to another wholly owned subsidiary of Envestnet, Inc., Envestnet Financial Technologies, Inc. (“EFT”).

The transition will have no effect on the terms or conditions of your employment, including but not limited to your role, duties, compensation or benefits. By signing this letter below, you acknowledge that the transfer of your employment from EAM to EFT shall in no way constitute a termination, interruption or discontinuance of your employment. You agree that your Employment Agreement remains in full force and effect and is hereby amended to replace “Envestnet Financial Technologies, Inc.” for “Envestnet Asset Management, Inc.” in all places where “Envestnet Asset Management, Inc.” appears.

If you have any questions, feel free to contact the Human Resources Department at [ ].

Please return a signed copy of this agreement to [ ] at [ ] no later than December 11, 2017.


Sincerely,

ENVESTNET, INC., ENVESTNET ASSET MANAGEMENT, INC., AND ENVESTNET FINANCIAL TECHNOLOGIES, INC.



By:
  Sharon Rosenthal – Chief Human Resources Officer


ACCEPTED:


[Employee]Date