EXHIBIT 10.10
[LOGO AMERICAN PSYCH SYSTEMS]
May 15, 2000
Xx. Xxxxxxx X. XxXx
Executive Vice President and CFO
American Psych Systems, Inc.
0000 Xxxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxxx, XX 00000
Re: Severance Package
Dear Xxxxx:
Per our agreement, in the event that your employment with American Psych
Systems, Inc. is terminated for any reason other than the commission of an act
of gross misconduct by you, APS' shall pay you severance equal to one year of
your base salary which shall be payable pursuant to APS' regular payroll
schedule. APS shall continue to provide you with medical insurance and dental
insurance until the end of the year of your severance benefit.
For purposes hereof, the term "gross misconduct" shall mean your being convicted
of a felony or the suspension or termination of your license to practice
accounting in the state of Maryland.
Sincerely,
/s/ Xxxxxxx Xxxxxxx
Xxxxxxx X. Xxxxxxx, M.D.
President and CEO
