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EXHIBIT 4
[LETTERHEAD OF ETHICON, INC.]
October 1, 1998
Subject: Employment Agreement -- Xxxxxx Xxxxxx, M.D.
As co-founder of FemRx, Xxxxxx Xxxxxx has expressed his commitment to assist
Xxxxxxx, Inc. in the successful transition and integration of FemRx with
Ethicon, Inc.
The duration of Xxxxxx's commitment to Ethicon, Inc. is undeclared at this
point. Ethicon, Inc. would like to accept the offer of 6 months of continued
service beyond the close date in Xxxxxx's current capacity and requests a
commitment at least through June 30, 2000.
Details of a retention agreement will be finalized during discussion with
Xxxxxx over the next 2 weeks.
While any separation payments are being made, it is agreed that Xxxxxx xxxx not
take employment with nor actively engage in the development of businesses that
directly compete with the FemRx products without the prior consent of Ethicon,
Inc.
Signature of this document denotes acceptance. Additional details will be
developed through discussion during the next 2 weeks.
It is our intent that this agreement will be replaced by a more detailed
agreement within one month from this date.
In no event shall Xxxxxx Xxxxxx have any commitment to Ethicon, Inc. beyond May
30, 1999 unless there is a separate agreement.
/s/ Xxxxxx Xxxxxx /s/ Xxxx Xxxxxxx
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Xxxxxx Xxxxxx, M.D. Xxxx Xxxxxxx
Xx. Vice-President, Research & Director, HR Systems and Business
Development Improvement
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