EXHIBIT 10.49 RETIREMENT AND TRANSITION AGREEMENTExhibit 10.49 February 10, 2003 Robert W. Fiondella 29 Summerberry Circle Bristol, CT 06010 Re: Retirement and Transition Agreement Dear Bob: This letter sets forth our agreement to amend your Retirement and Transition Agreement (the "Agreement") dated September 27, 2002 to change your retirement date to March 31, 2003. In addition, we intend to continue to provide an office, secretarial support, and access to a company provided driver and car through June 30, 2003 on the same terms and conditions as the Agreement currently contemplates. You will also be paid a consulting fee, on the first day of each month, equal to your current monthly salary for the period commencing April 1, 2003 and ending June 30, 2003. In consideration for these amendments, we expect you to make yourself available to provide advice and counsel on management transition matters until June 30, 2003. The terms of the Agreement remain unaltered in all other respects. If this letter accurately describes your understanding of our proposal, please sign both copies of this letter on the line below and return one copy to me. Very truly yours, Tracy L. Rich Acknowledged: - ------------------------------------------------------ --------------------------------------- Robert W. Fiondella Dated
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10-K Filing
Phoenix Companies (PNX) Inactive 10-K2002 FY Annual report
Filed: 21 Mar 03, 12:00am