Letter Agreement Clarifying Definition in Employment Terms between Mellon and James P. Palermo
This letter from Lisa B. Peters, Executive Vice President and Director of Human Resources at Mellon, to James P. Palermo confirms a correction to a previous employment-related letter. It clarifies that the phrase 'engaged in' was mistakenly left out of a specific section defining 'Other than Cause' and should be considered included. The letter serves as an official record of this correction for Mr. Palermo's employment terms.
Exhibit 10.26
| Mellon | Lisa B. Peters Executive Vice President Director of Human Resources |
December 1, 2004
James P. Palermo
12 Stouffer Circle
Andover, MA ###-###-####
Dear Jim:
This letter will confirm that the phrase “engaged in” was inadvertently omitted from (iv) in the Definition of “Other than Cause” in the November 22, 2004 letter that I sent to you and that (iv) is to be interpreted as if the phrase is included.
| Sincerely yours, |
| /s/ Lisa B. Peters |
| Cc: S.G. Elliott |
One Mellon Center • Pittsburgh, PA ###-###-####
(412) 234-8254 Office • (412) 234-9495 Fax
