Sample Business Contracts

Employment Agreement - Citigroup Inc. and Robert E. Rubin

Employment Forms

Employment Contract. 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

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                                                                  Citigroup Inc.
                                                                 399 Park Avenue
                                                              New York, NY 10043

February 6, 2002

Robert E. Rubin
New York, NY

Dear Bob:

         I am writing on behalf of Citigroup Inc. to confirm certain changes to
your employment agreement dated October 26, 1999:

                  (i)      the guaranty of a level of incentive compensation for
                           2001 is extended for 2002, and all of the provisions
                           of the employment agreement relating to such
                           incentive compensation (such as composition and
                           manner of payment), including those designed to avoid
                           the loss of deduction under Section 162(m) of the
                           Internal Revenue Code, shall apply to such extended
                           guaranty; and

                  (ii)     the first paragraph under "Part B" of Schedule B is
                           revised to read as follows:

                           "retirement, for which Mr. Rubin shall be eligible
                           after reaching age 65, whereupon Mr. Rubin's combined
                           age and service shall be deemed to equal 75 for
                           purposes of all plans and programs of Citigroup
                           (other than any pension plans sponsored by the
                           Company or any of its affiliates)".

         If the foregoing is consistent with our discussions, please sign in the
space provided below.

                                                    Very truly yours,

                                                    Citigroup Inc.

                                                    By:  /s/ Sanford I. Weill
                                                         -----------------------
                                                             Sanford I. Weill

Accepted and agreed

/s/ Robert E. Rubin
---------------------------
Robert E. Rubin