Sample Business Contracts

Employment Agreement - Citigroup Inc. and Sanfod I. Weill

Employment Forms

  • Employment Agreement. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
  • Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
  • Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
  • Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
  • Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
  • More Employment Agreements

Sponsored Links


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.


/s/ Michael S. Helfer



Michael S. Helfer,

Corporate Secretary

Accepted and Agreed:

/s/ Sanford I. Weill

Sanford I. Weill