EXHIBIT 10.1.1

 

AMENDMENT TO OFFER LETTER

 

This is an amendment to an Offer Letter by and between Edward A. Hjerpe, III
(“Mr. Hjerpe”) and the Federal Home Loan Bank of Boston (the “Bank”), dated
May 18, 2009.  The Offer Letter and the Amendment shall be referred to as “the
Amended Agreement.”

 

The Offer Letter is hereby modified as set forth below.  All other terms of the
Offer Letter remain in full force and effect.

 

The Offer Letter is hereby amended as follows:

 

Paragraph 5, line 2, “June 30, 2009” is stricken and “July 1, 2009” is
substituted therefor; and

 

Paragraph 8, line 1, “June 30, 2009” is stricken and “July 1, 2009” is
substituted therefor; and

 

Paragraph 9, third bullet point, “20 paid vacation days (earned on an accrual
basis)” is stricken and “22.5 paid vacation days (earned on an accrual basis)”
is substituted therefor.

 

If any provision of the Amended Agreement, or any portion thereof, is found to
be invalid, illegal, or unenforceable under any applicable statute,
administrative order, or rule of law, then such provisions or portion thereof,
shall be deemed omitted, and the validity, legality and enforceability of the
remaining provisions of this Amended Agreement shall not in any way be affected
or impaired.

 

 

 

Federal Home Loan Bank of Boston

 

 

 

/s/ Edward A. Hjerpe III

 

/s/ Jan A. Miller

Edward A. Hjerpe, III

 

Jan A. Miller, Chairman of the Board

 

 

 

 

 

 

Date:

7/3/09

 

Date:

7/3/09

 

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