Oct 6 (Reuters) - American Express Co:
* Says president kelly's active employment with the company will continue until
April 10, 2010
* Says pursuant to separation agreement, kelly will receive salary payments at
the rate of $765,000 per annum through December 31, 2009
* Says pursuant to the terms of the separation agreement, kelly will receive
salary payments at the rate of $850,000 per annum effective on or about
January 1, 2010
* Says kelly will also be eligible to receive a bonus for 2009 performance in
the amount of $4,000,000
* Says in addition to the amounts described, kelly will receive separation
payments totaling $9.7 million
* Says in connection with kelly's separation from the company, it expects to
record a charge for the quarter ended September 30, 2009,
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about American Express Co click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says president kelly's active employment with the company will continue until
April 10, 2010
* Says pursuant to separation agreement, kelly will receive salary payments at
the rate of $765,000 per annum through December 31, 2009
* Says pursuant to the terms of the separation agreement, kelly will receive
salary payments at the rate of $850,000 per annum effective on or about
January 1, 2010
* Says kelly will also be eligible to receive a bonus for 2009 performance in
the amount of $4,000,000
* Says in addition to the amounts described, kelly will receive separation
payments totaling $9.7 million
* Says in connection with kelly's separation from the company, it expects to
record a charge for the quarter ended September 30, 2009,
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about American Express Co click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.