Exhibit 10.26
EMPLOYMENT AGREEMENT
MEMORANDUM OF AGREEMENT entered into at Montreal, this 6th day of April, 1992.
THE PARTIES DECLARE AS FOLLOWS:
WHEREAS the Employer wishes to enlist St-Amour's services and St-Amour wishes to offer his services to the
Employer, the whole in accordance with the conditions stipulated in the present agreement;
ARTICLE I
Duties
1. As President and Chief Operating Officer of the Employer, St-Amour's duties and responsibilities shall include,
above and beyond those inherent to his office and normally
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Exhibit 10.26
pertaining to it, those compatible with his position and which the Employer may delegate to him from time to time.
ARTICLE II
Salary
2. As President and Chief Operating Officer of the Employer, St-Amour shall receive an annual gross
compensation of one hundred sixty two thousand five hundred dollars ($162,500), to be paid in 26 equal
installments of $6,250. Such compensation shall be adjusted annually by the Employer on the anniversary date by
an amount equal to the percentage increase in the CPI-Urban Consumers - All items for Montreal plus two
percent (2%).
ARTICLE III
Benefits and Vacation
BY AND BETWEEN: GENERAL AMERICAN LIFE REINSURANCE COMPANY OF CANADA, a
company duly incorporated under the laws of Canada,
having a principal place of business at 1140 de
Maisonneuve Blvd. West Suite 802, in the City of
Montreal, Province of Quebec, Canada, herein acting
and represented by Mr. Albert G. Woodring, duly
authorized to act hereunder for the purposes of the
present Agreement as he so declares;
(hereinafter the "Employer")
OF THE FIRST PART
AND Andre St-Amour, having his address at 7735 Place
Mairaux, in the City of Brossard, Province o