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Exhibit 99.2
TERMINATION OF LETTER OF EMPLOYMENT
This agreement, effective June 4, 1999, by and between Northstar Health
Services, Inc. (NSH), Xxxxxxx, Xxxxxxxxxxxx, 00000, and Xxxx X. Xxxxxxx, CPA, 00
Xxxxx Xxxxx, Xxxxxxx, Xxxxxxxxxxxx, 00000 (LSG), terminates the Letter of
Employment effective September 1, 1997, between the aforementioned parties under
the following terms and conditions:
1. LSG hereby resigns as the Executive Vice-President, Chief Financial Officer
and Treasurer of NSH effective June 4, 1999. LSG will thereafter be
employed on a part-time, as needed, basis to assist the Company with issues
related to the Finance Department and other matters as mutually agreeable.
Dates and hours of work will be determined on a mutually agreeable basis.
2. LSG will be paid at the rate of $65.00 per hour for all hours worked after
June 4, 1999. All other benefits will be limited to those customary for a
casual, part-time employee.
3. If a change of control (as defined in the Letter of Employment effective
September 1, 1997) takes place prior to May 31, 2000, and LSG has
represented the Company in any capacity in the due diligence process (as
evidenced by hours documented on LSG's Employee Timesheets), LSG will be
granted a bonus of $60,000 on the closing date of the change of control, to
be paid within fourteen (14) days.
Agreed to this 24th day of May, 1999, by:
/s/ Xxxx X. Xxxxxxx /s/ Xxxxxx X. Xxxxxx
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Xxxx X. Xxxxxxx, CPA Xxxxxx X. Xxxxxx, CEO
Northstar Health Services, Inc.
/s/ Xxxxxx X. Xxxxxx /s/ Xxxxxxx X. Xxxxxxx
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Witness: Xxxxxx X. Xxxxxx Witness: Xxxxxxx X. Xxxxxxx
