XXXX X. XXXXXXX
00 Xxxxxx Xxxx Xxxxx
Xxxx Xxxxxxxxxx, Xxx Xxxx 00000
June 8, 1999
National Medical Health Card Systems, Inc.
00 Xxxxxx Xxxx Xxxxx
Xxxx Xxxxxxxxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
This will confirm that as of the effective date of that
certain Employment Agreement dated July 1, 1999 between the undersigned and
National Medical Health Card Systems, Inc. (the "Company") (the "Employment
Agreement") I will receive as total compensation payable to me or to my
affiliates for services rendered by me in my capacity as Chairman of the Board
and Chief Executive Officer of the Company an annual salary of $200,000, plus a
bonus and annual adjustments to be determined by the Board of Directors during
the term of the Employment Agreement.
Very truly yours,
/s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
