EX-10.6
from 10-K
4 pages
Personal and Confidential Paul A. Perrault C/O Bank of New England - Old Colony Providence, Rhode Island Dear Paul: Here Are the Terms of Employment We Discussed, Which, Upon Acceptance by You, the Search Committee Will Recommend to the Board of Directors: 1. Title. President and Chief Executive Officer of Chittenden Corporation and Chittenden Trust Company. 2. Board Membership. Election to Membership on the Board of Directors of Both Entities as Soon as Legally Permissible. 3. Reporting. You Will Report to the Board of Directors. 4. Salary. $175,000.00 Per Year. 5. Review Date. Same as Other Senior Officers (Early 1991). 6. Start Date. as Soon as Possible; Hopefully on or About August 1. 7. Automobile. Company Car or Monthly Allowance of $450.00. 8. Club Memberships. Burlington Country Club and Ethan Allen Club, or Similar. 9. 401-K. Same as Other Senior Executives. 10. Health and Accident Insurance; Life Insurance; Short-Term/Long-Term Disability. Same as Other Senior Executives
12/34/56