August 14, 2007 Mr. Chris Felfe 1524 Sylvia Lane Newport Beach, CA 92660 Dear Chris:
Exhibit
10.2
August 14, 2007
Xx. Xxxxx Xxxxx
0000 Xxxxxx Xxxx
Xxxxxxx Xxxxx, XX 00000
0000 Xxxxxx Xxxx
Xxxxxxx Xxxxx, XX 00000
Dear Xxxxx:
This letter is to supplement your employment agreement of this same date and effective August 10,
2007 (“Employment Agreement”). In regards to your employment pursuant to the Employment Agreement
we hereby agree to pay a sign-on bonus of $100,000 subject to the terms, limitations and potential
forfeiture as described herein. We will pay this bonus in four semi-annual payments of $25,000 as
follows: February 10, 2008; August 10, 2008; February 10, 2009; and August 10, 2009. Should your
employment end for any reason prior any of these payment dates other than a termination by the
Company without cause the unpaid payments will be forfeited and this obligation shall be null and
void. In the event of a termination without cause the payments remaining at that time shall be paid
on the termination date.
This letter shall also affirm the company’s prior agreement in your Offer Letter dated July 14,
2006 to provide a Signing Bonus of $80,000 effective upon your original hire date with remaining
payments due on September 5, 2007, March 5, 2008 and September 5, 2008 of $20,000 each. In all
other respects the Employment Agreement shall supersede the provisions of the Offer Letter.
Your signature on the return copy of this letter will acknowledge your acceptance.
This letter agreement shall supplement but be interpreted under the terms of the Employment
Agreement and shall in no way affect your status as “at will.” Employment with the Company may be
terminated for any reason, with or without cause or notice, and at any time by the employee or the
Company. Nothing in this letter or any oral or written statement shall limit the right to
terminate your employment at-will.
Sincerely,
Xxxx Xxxx, CFO
Skilled Healthcare, LLC
Skilled Healthcare, LLC
Acknowledged
/s/ Xxxxx Xxxxx
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8-14-07 | |||
Signature – Xxxxx Xxxxx
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Date |