eTrade 2012 Annual Report Download - page 199

Exhibit 10.15
EMPLOYMENT AGREEMENT
This Employment Agreement (this “Agreement”) is made and entered into by and between E*TRADE Financial Corporation
(the “Company”) and Paul Idzik (“Executive”) as of January 17, 2013.
W I T N E S S E T H:
WHEREAS, Executive is willing to serve as the Chief Executive Officer of the Company, and the Employer desires to retain
Executive in such capacity, on the terms and conditions herein set forth; and
NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained, the parties hereto hereby
agree as follows:
1. Position and Duties. Starting on January 22, 2013 (the “Effective Date”), the Company hereby agrees to employ Executive as
the Chief Executive Officer of the Company, and Executive agrees to be employed by the Company, upon the terms and conditions
set forth herein. In such capacity, Executive shall report directly to the Board of Directors (the “Board”) of the Company and shall
have and perform the authority and duties normally accorded to such position in a manner consistent with applicable regulatory
requirements and sound business practices.
On or promptly following the Effective Date, Executive shall be appointed to the Board, and the Company agrees that Executive
will continue to be re-nominated to the Board during his employment as Chief Executive Officer of the Company. Executive agrees
that, upon any termination of his employment with the Company, he shall be deemed to resign from the Board unless otherwise
requested by the Board.
Executive agrees to devote all necessary time, energy and skill to his duties at the Company. The Company acknowledges that
Executive may have continued involvement in charitable and civic activities which both parties expect will not create a business or
competitive conflict with the activities of the Company and that, with the prior consent of the Board, Executive may serve on other
corporate boards of directors.
The Company shall provide Executive with the same indemnification and D&O insurance protection provided from time to time
to its officers and directors generally. Notwithstanding anything to the contrary in this Agreement, the rights of Executive to
indemnification and D&O insurance coverage with respect to all matters, events or transactions occurring or effected during
Executive’s period of employment or service as a director with the Company shall survive the termination of Executive’s
employment.
2. Term of Agreement. Executive’s employment under the terms of this Agreement (as may be extended below, the “Term”)
shall be from the Effective Date until the earlier of (i) the third anniversary of the Effective Date or (ii) the date that Executive’s
employment with the Company ends for any reason; provided that unless Executive’s employment has previously terminated, the
“Term” shall automaticall
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