P.W. CAPITAL CORP.
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:
Reference is made to that certain consulting agreement dated April 14,
1994 between P.W. Capital Corp.("PWC") and National Medical Health Card Systems,
Inc. (the "Company"), which effective as of July 1, 1996 was assigned by P.W.
Medical Management, Inc. to PWC (the "Consulting Agreement").
This will confirm that upon the effective date of that certain
Employment Agreement dated July 1, 1999 between Xxxx X. Xxxxxxx and the Company,
the Consulting Agreement shall be deemed null and void and without further force
and effect.
Please acknowledge your agreement to the foregoing by signing this
letter below.
Very truly yours,
/s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
President
AGREED TO AND ACCEPTED:
NATIONAL MEDICAL HEALTH CARD SYSTEMS, INC.
By:
/s/ Xxxxxxxx X'Xxxxxx
----------------------
Xxxxxxxx X'Xxxxxx
President
