eTrade 2001 Annual Report Download - page 187

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1
EMPLOYMENT AGREEMENT
This Agreement is made effective this 1 st day of October, 2001 (the “Effective Date”), by and between E*TRADE Group, Inc., a
Delaware corporation (“Company”), and <NAME OF EXECUTIVE> (“Executive”).
BACKGROUND
Executive is currently serving as <CURRENT TITLE>. As of the Effective Date, Executive shall also serve as a member of the Office
of the President. The parties desire to enter into a formal employment agreement with respect to the continued employment of
Executive by Company in this capacity, which shall automatically become effective as of the Effective Date.
TERMS AND CONDITIONS
In consideration of the premises and the mutual covenants and agreements set forth below, the parties agree as follows:
1. Termination of Prior Agreements. Subject to the provisions of Section 8 herein, any prior agreement shall terminate and be of no
further force and effect as of the execution of this Agreement.
2. Employment. Executive agrees to serve as <CURRENT TITLE>, as well as member of the Office of the President or a comparable
position of Company for the term of this Agreement, subject to the terms set forth in this Agreement and the provisions of the Bylaws
of Company. During his employment, Executive shall devote his effort and attention, on a full-time basis, to the performance of the
duties required of him as an executive of Company.
3. Compensation. As compensation for his services during the term of this Agreement, Executive shall receive the amounts and
benefits set forth in this Section 3:
(a)An annual salary of $615,000.00 (“Base Salary”) paid in accordance with the Company’ s ordinary payroll procedures. The Base
Salary shall be subject to review by the Compensation Committee of the Company’ s Board of Directors for adjustment in light of the
size and performance of Company. The Base Salary, as adjusted in accordance with this subsection (a), shall remain in effect unless
and until it is adjusted in accordance with this subsection (a).
(b)The Executive will be eligible to participate in the Company’ s standard bonus plan, with a target bonus of up to 300% of his base
salary, which may be modified as determined by the Chairman/Chief Executive Officer and the Compensation Committee of the
Company (the “Maximum Target Bonus”). The Executive will also be eligible to participate in the Company’ s Long Term Incentive
Plan (“LTIP”) on the same basis as other executive officers of the Company.
2
(c)Participation in the employee benefit plans maintained by Company and in other benefits provided by Company to senior
executives, including retirement and 401(k) plans and other retirement plans, deferred compensation, medical and dental, annual
vacation, paid holidays, sick leave, and similar benefits, which are subject to change from time to time at the reasonable discretion of
Company.
2002. EDGAR Online, Inc.