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EXHIBIT 10.26
Aetna Inc.
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Senior Vice President
Aetna Human Resources, RC3A
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VIA HAND DELIVERY
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Re: EMPLOYMENT AGREEMENT
Dear Frolly:
This letter is to confirm the discussions we have had regarding the status of
your employment agreement with Aetna Inc. (the "Company") dated as of May 7,
1996 (the "Employment Agreement"). This letter shall constitute the Company's
notice not to extend the Contract Employment Period. On December 31, 2000, the
Contract Employment Period shall expire and your employment with the Company
shall continue thereafter on an at-will basis. As provided in the Employment
Agreement, the Company's non-renewal of the Contract Employment Period shall not
be considered a Termination Without Cause or a Termination for Good Reason. All
terms not defined herein shall have the same meanings as set forth in the
Employment Agreement.
Respectfully,
AETNA INC.
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