1
EXHIBIT 10.50
Letter Agreement dated September 11, 2000 between Medical Manager Corporation
and Xxxxxx X. Xxxx
2
MEDICAL MANAGER CORPORATION
000 XXXXX XXXXX, XXXXXX 0
XXXXXXX XXXX, XXX XXXXXX 00000-0000
September 11, 2000
Xx. Xxxxxx X. Xxxx
c/o Medical Manager Corporation
000 Xxxxx Xxxxx, Xxxxxx 0
Xxxxxxx Xxxx, Xxx Xxxxxx 00000-0000
Dear Xxxx:
Reference is made to the Amended and Restated Employment Agreement
dated as of June 18, 2000 (the "Employment Agreement"), by and between Medical
Manager Corporation, a Delaware corporation, CareInsite, Inc., a Delaware
corporation, and you.
The first sentence of Section 5.3(a)(iv) of the Employment Agreement is
hereby amended to delete the words "and remain exercisable until the first
anniversary of the date of termination" and replace them with "and remain
exercisable until such options would otherwise expire under the terms thereof".
The foregoing amendment to the Employment Agreement shall be effective
as of the date hereof. All other provisions of the Employment Agreement shall
continue in full force and effect.
MEDICAL MANAGER CORPORATION
By: /s/ Xxxxxxx Xxxx
-----------------------------------------
Name: Xxxxxxx X. Xxxx
Title: Executive Vice President -
General Counsel
Accepted and Agreed:
/s/ Xxxxxx X. Xxxx CAREINSITE, INC.
---------------------------
Xxxxxx X. Xxxx
By: /s/ Xxxxx X. Xxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: SVP - General Counsel
