Ex-10(pp) Second Amendment to Agreement - Hogan

EX-10.(PP) 11 b45729fbexv10wxppy.txt EX-10(PP) SECOND AMENDMENT TO AGREEMENT - HOGAN EXHIBIT 10(pp) SECOND AMENDMENT TO EMPLOYMENT AGREEMENT The Employment Agreement by and between FLEET FINANCIAL GROUP, INC. (now FleetBoston Financial Corporation), a Rhode Island Corporation (the "Company"), and Paul F. Hogan (the "Executive"), dated as of March 14, 1999 as amended effective as of March 17, 2000 (the "Agreement"), is hereby further amended, effective as of April 22, 2002, as set forth below. The following is hereby added at the end of Section 10(a) of the Agreement: Notwithstanding the above, the Executive may designate a beneficiary who will be entitled to any portion of the payments under Section 5 (a)(i) to which the Executive is entitled in the event of his death. The beneficiary may be designated or changed by the Executive (without the consent of any prior beneficiary) on a form provided by the Company and delivered to the Company before his death. If no such beneficiary shall have been designated, or if no designated beneficiary shall survive the Executive, such payments , if not previously paid, shall be paid to the Executive's estate. IN WITNESS WHEREOF, the Executive and the Company have caused this Amendment to the Agreement to be entered into, as of the day and year as set forth above. /s/ PAUL F. HOGAN ---------------------------- Executive Signature FLEETBOSTON FINANCIAL CORP. /s/ M. ANNE SZOSTAK ---------------------------- By: M. Anne Szostak Title: Executive Vice President