Document:

Exhibit
10.01.2

 

September 16,
2003

 

Dear
Sandy:

 

In order to
appropriately reflect the recently announced succession plan, this letter
agreement (“2003 Agreement”) shall serve as an amendment to the Amended and
Restated Employment Agreement (the “2001 Agreement”) dated as of
November 16, 2001 between you (“Weill”) and Citigroup Inc. (the
“Company”).

 

The
first two sentences of Section 1 of the 2001 Agreement are hereby amended
to read as follows:

 

1.                                       Employment.  The
Company agrees to employ Weill on a full-time basis as its Chairman of the
Board.  Weill shall have in such
position all of the duties, responsibilities and powers afforded to the
Chairman of the Board under the Articles of Incorporation and the By-laws of
the Company, as in effect from time to time.

 

Section 3
of the 2001 Agreement is hereby deleted in its entirety and replaced with the
following:

 

3.                                       Employment Term.  The
employment relationship created by this Agreement shall commence as of the date
hereof and continue until the 2006 Annual Meeting of Stockholders of the
Company, unless sooner terminated pursuant to the provisions of Section 5
below (the “Employment Term”).

 

The
last paragraph of Section 5(a) of the 2001 Agreement is hereby amended by
deleting the words:

 

“or pursuant to a notice of non-renewal given by the Company as
described in Section 3 above”

 

Section 5(b)(v)
of the 2001 Agreement is hereby amended by deleting the words:

 

“or pursuant to a notice of non-renewal given by the Company as
described in Section 3 above”

 

 

Mr. Sanford I. Weill

September 16, 2003

Page 2

 

Except
as specifically modified herein, all of the terms and provisions of the 2001
Agreement shall remain in full force and effect.

 

Please indicate your
acceptance of the foregoing amendments by signing below.

 

 

	
  Citigroup Inc.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Michael S.
  Helfer

  	
   

  	
   

  
	
   

  	
  Michael S. Helfer,

  	
   

  
	
   

  	
  Corporate Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Accepted and Agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Sanford I. Weill

  	
   

  	
   

  
	
  Sanford I. WeillExhibit 10.05.3

 

Second
Amendment to the Citigroup Inc. Amended and Restated Compensation Plan for
Non-Employee Directors (the “Plan”)

(effective as of December 16, 2003)

 

 

1.                                       Subparagraph (b) of Section 7 of the Plan is hereby deleted and replaced with the
following:

 

(b) At the end of each
calendar quarter, there shall be credited to the Director’s Account an amount
equal to the cash dividends that would have been paid on the number of shares
of Common Stock credited to the Director’s Account as of the dividend record
date, if any, occurring during such calendar quarter as if such shares had been
shares of issued and outstanding Common Stock on such record date, and at the
Director’s election, made in the manner described in Section 5(a) above, such
amounts shall be either distributed in cash to the Director or treated as
reinvested in additional shares of Common Stock on the dividend payment date.

 

2.                                       Except as specifically modified herein,
all of the terms and conditions of the Plan shall remain in full force and
effect.Exhibit 10.31

 

PRIMERICA

RETIREMENT BENEFIT
EQUALIZATION PLAN FOR

CERTAIN EXECUTIVES OF SMITH BARNEY, HARRIS UPHAM &
CO. INCORPORATED

 

I.  Purpose of the Plan

 

The
purpose of this Primerica Retirement Benefit Equalization Plan for Certain
Executives of Smith Barney, Harris Upham & Co. Incorporated (“the Plan”)
which is sponsored by Smith Barney, Harris Upham & Co. Incorporated (the
“Company”) is to equalize the benefit formula applicable to certain employees
participating in the Primerica Retirement Plan (“the Retirement Plan”)
successor to the Primerica Holdings, Inc. Retirement Plan for Salaried
Employees whose benefits under the Retirement Plan are or will be limited as a
result of the Internal Revenue Code of 1986, as amended (“Code”) with the
benefit formula applicable to other employees. 
This Plan is effective January 1, 1993 (the “Effective Date”).

 

II.  Administration of the Plan

 

The Annuity Board administering the
Retirement Plan shall be the Plan Administrator of the Plan.  The Annuity Board shall have full authority
to determine all questions arising in connection with the Plan, including its
interpretation, may adopt procedural rules, and may employ and rely on such
legal counsel, such actuaries, such accountants and such agents as it may deem advisable
to assist in the administration of the Plan. 
Decisions of the Annuity Board shall be conclusive and binding on all
persons.  The Annuity Board which is the
Plan Administrator, is responsible for the operation and administration of the
Plan.  The Plan Administrator has such
powers as may be necessary to carry out the provisions of the

 

1

 

Plan, including the power and discretion to
determine all benefits and resolve all questions pertaining to the administration,
interpretation and application of Plan provisions.

 

III.  Application of the Plan

 

The Plan shall apply to any employee of the
Company who has been employed for a minimum continuous period of eighteen
months by the Company or affiliate immediately before the designation to
participate in the Plan and whose participation in the Plan is designated by
the Chairman of the Company.

 

IV.  Benefits Payable

 

The Plan
shall pay to each covered Participant of this Plan, or beneficiaries thereunder
a benefit equal to the excess of:

 

(1)     the benefit that would have been accrued
under the Retirement Plan (as the same may be in effect from time to time)
after December 31, 1992 as if the Retirement Plan did not contain the
limitations imposed by section 415 or section 401 (a) (17) of the Code, over

 

(2)     the benefit actually accrued under the
Retirement Plan as amended to conform to such limitations, taking into account
in any case any decision made regarding early or deferred retirement or
optional methods of benefit payment.

 

Notwithstanding
the foregoing, the only compensation that shall be taken into account to
calculate benefits under this Plan shall be limited to the Participant’s base
salary plus bonus.

 

2

 

Any
compensation in excess of the sum of (amount specified in Section 401 (a) (17)
of the Code plus $500,000) shall be disregarded.

 

Benefits
payable to any person hereunder shall be paid at the same time and in the same
manner as benefits payable to such person under the Retirement Plan, in
accordance with all the terms and conditions applicable to such benefits under
the Retirement Plan.  Any beneficiary
designation under the Retirement Plan or election or form of benefits shall be
deemed to be a beneficiary designation or benefit form under this Plan.

 

V.  General

 

The Plan may be amended or terminated at any
time by the Board of Directors of the Company or by the Chairman of the
Company, except that no such amendment or termination shall adversely affect
the benefits payable on account of any covered Participant of the Retirement
Plan in respect of service rendered prior to such amendment or termination.

 

Benefits under the Plan shall not be funded
and shall be paid out of the general assets of the Company or its
successor.  The Plan shall be construed,
administered and enforced according to the Employee Retirement Income Security
Act of 1974 and the laws of the State of New York.

 

VI. Claims Procedure

 

Claims for benefits under the Plan may be
filed with the Annuity Board.  Written
notice of the disposition of a claim shall be furnished to the claimant within
ninety (90) days after the

 

3

 

application is filed.  In the event the claim is denied, the reason
for the denial shall be specifically set forth in the notice in language
calculated to be understood by the claimant, pertinent provisions of the Plan
shall be cited, and, where appropriate, an explanation as to how the claimant
can perfect the claim will be provided. 
In addition, the claimant shall be furnished with an explanation of the
Plan’s claims review procedure.

 

Any
employee, a former employee, or beneficiary of either, who has been denied a
benefit by a decision of the Annuity Board pursuant to the above paragraph
shall be entitled to request the Annuity Board to give further consideration to
his claim by filing with the Annuity Board (on a form which may be obtained
from the Annuity Board) a request for a hearing.  Such request, together with a written statement of the reasons
why the claimant believes his claim should be allowed, shall be filed with the
Annuity Board no later than 60 days after receipt of the written notification
provided for in the prior paragraph. 
The Annuity Board shall then conduct a hearing within the next 60 days,
at which the claimant may be represented by an attorney or any other
representative of his choosing and at which the claimant shall have an
opportunity to submit written and oral evidence and arguments in support of his
claim.  At the hearing (or prior thereto
upon five (5) business days written notice to the Annuity Board) the claimant
or his representative shall have an opportunity to review all documents in the
possession of the Annuity Board which are pertinent to the claim at issue and
its disallowance.  Either the claimant
or the Annuity Board may cause a court reporter to attend the hearing and
record the proceedings.  In such event,
a complete written transcript of the proceedings shall be furnished to both parties
by the court reporter.  The full expense
of any such court reporter and such

 

4

 

transcripts
shall be borne by the party causing the court reporter to attend the
hearing.  A final decision as to the allowance
of the claim shall be made by the Annuity Board within 60 days of receipt of
the appeal (unless there has been an extension of 60 days to special
circumstances, provided the delay and the special circumstances occasioning it
are communicated to the claimant within the 60 day period).  Such communication shall be written in a
manner calculated to be understood by the claimant and shall include specific
reasons for the decision and specific reference to the pertinent Plan
provisions on which the decision is based.

 

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]