Mortgage Origination Courses-Northlake Community College
Layoff CitiBank
1. PERSOTXAL AN D CONT,,TDENTL{L
September 5, 2013
vlr. Dar-YlP Whits
507 Las Cruces Drive
kving, TX 75063
cis
Dear rrary^-l:
This is to notify you that your positiotr with Citibank N.A- ir being eliminated for business
rsasons. As a result, aad except as otherwise provided be1ow, yoiir erployment is being
terminated as of &e close of busiaess oaN-oveeber 4.ZA1;3 fTerairiadoa Date')- This
Sqraratioa Agreemeat aad a:ry attaclrmegts {"Agree.meaf) sat for& the tatal paymeats and
beaeEts that you are eligible to recaive i=" cscascdca.w-i& tha separatioa ofyo;.:r rypio,ruear
1. Notire Period Obligatianq aad Beadts"
Regardless of whether you sig!. &is Agreemeat, the follorning provisioas shali appllii
Except as otherwise pmvided belorv, your employmeut s.ill terminate at the end of a
60-day sotice period, commencing on septembq 6,2013 and ending on li-ov-ember
4,7013 {the T{otice Period)- Effective September 6,203,you are relieved of yor:r
job &fies alrd responsibilities and sho,:ld no loager report to work or ctrrrtact clients
cr re'preseat yor:rself to be actiag on bebalf of Citfua*k NA-. Fur&er, yoi:r sigaiag
ar*horir.y- is hereb,w rewoked a:rd you:*ill ao longe serrre as an ofEcer, director or
member of citigroup rac-, its s:irbsi&aries, afEliates, srf,ccessors> assiss, aad all
other csqlary-relafed sstities, boards or comrrifiees. rrewested, you. wili tmds
ietter{s} of resigaatioa.
&rirg tbe Notice P€rio4.r-ou xill car:tianre to receive {i) 3-our r.Errer:t asnual base
salayrate of$30,000.00 $ess agplicable texes, witlholdinp, aad deductions), ad
{ii) yourbeaefiE- rhese payments wi1lbe made oE the regularpayroll dates
establishedby Citi during this period.
(a)
ib)