EX-10.02
Federal Home Loan Bank of New York
Exhibit 10.02 REDACTED VERSION May 8, 2026 Brinda Bhattacharjee Dear Brinda, On behalf of the Federal Home Loan Bank of New York (FHLBNY), we are pleased to extend to you an offer of employment for the posi on of SVP, Chief Financial Officer repor ng to CEO Randolph Snook. The terms of your employment with the Bank will be as follows: A star ng annual salary of $600,000. You are eligible for annual incen ve compensa on pursuant to FHLBNY's Incen ve Compensa on Plan (ICP) with a Target Award of 50% of Base Salary, based on the performance of the Bank rela ve to its annual ICP Bankwide goals. As a Management Commi ee Member, your incentive compensation opportunity is as follows: 30% (Threshold), 50% (Target), and 75% (Maximum). The 2026 Bonus will be paid in accordance with the policy and plan provisions, expected to be in March of 2027, and will be prorated based on your start date. As a Management Commi ee member, your annual award will be subject to the 50% Deferred ICP Provision. You are eligible to par cipate in all benefit, re rement, deferred, nonqualified, incen ve compen
…