Advisor to the President Agreement
Exhibit
10.16
Advisor
to the President Agreement
November
20, 2006
Xx.
Xxxx
X. Xxxxxxx
000
Xxxxxxxx Xxxxx
Xxxxxxxxxxx,
XX 00000
RE:
Advisor-to-the-President Agreement
Dear
Xxxx,
This
letter serves to confirm that Theragenics Corporation (the “Company”) would like
to continue your employment as Advisor-to-the-President through December
31,
2007 at an annual salary of $75,000, to be paid on a bi-weekly schedule in
accordance with the Company’s normal payroll practices. You will also receive
benefits commonly provided to Company employees, including, but not limited
to,
medical insurance with the Company paying 75% of your coverage premium, long
and
short term disability insurance with the Company paying the entire premium
and
participation in the Company’s 401(k) plan.
By
signing below, you accept the provisions of your continued employment with
the
Company as outlined above. Enclosed are two copies of this letter. Please
return
one fully executed copy to Xxxxx Xxxxxxx.
Thank
you
for your past contributions to the Company and your willingness to participate
in our future growth.
For
Theragenics Corporation Agreed
to
by:
/s/
M.
Xxxxxxxxx
Xxxxxx
/s/
Xxxx X. Xxxxxxx
M.
Xxxxxxxxx
Xxxxxx
Xxxx
X.
Xxxxxxx
CEO
and
President
