Amendment to Employment Terms between Wells Fargo and Dennis Mooradian (May 22, 2002)
This amendment, dated May 22, 2002, modifies a previous letter agreement between Wells Fargo and Dennis Mooradian. It states that if Mr. Mooradian chooses to leave Wells Fargo for any reason other than cause before May 30, 2004, he will still be eligible for the benefits described in the original April 20, 2001 letter, as if his departure had been initiated by Wells Fargo. The agreement is signed by both parties and clarifies Mr. Mooradian's eligibility for certain benefits upon early departure.
Exhibit 10(d)
333 South Grand Avenue
Los Angeles, CA 90071
| DATE: | May 22, 2002 | |
| TO: | Dennis Mooradian | |
| FROM: | Les Biller | |
| SUBJECT: | Amendment to letter of April 2001 |
The following is a modification to my letter of April 20, 2001.
Should you decide to leave Wells Fargo for reasons other than cause before May 30, 2004, you will be eligible for the benefit described in my letter as if your departure were initiated by Wells Fargo.
Dennis, I hope this addresses your concerns and allows us to move forward in a manner you are comfortable with. I very much believe you have what is required to build our investment business into a major part of our company.
Sincerely,
Les Biller
/s/ Les Biller
/s/ DENNIS MOORADIAN | ||
Agreed: Dennis Mooradian |
