Exhibit 10.91b
MAXICARE HEALTH PLANS, INC.
0000 Xxxxx Xxxxxxxx Xxxxxx
Xxx Xxxxxxx, XX 00000
August 3, 1999
Xxxxxx X. Xxxxxxx, Xx.
0000 Xxxxxxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxxx 00000
Re: Maxicare Health Plans, Inc. (the "Company")
Termination of Consulting Agreement with the
Company (the "Agreement")
Dear Xxxxxx:
In connection with your letter of termination of the
aforementioned Agreement dated July 30, 1999 and our subsequent
conversation on such date, this will confirm the following:
1. You have agreed to relinquish the title of Chief
Operating Officer of the Company, effective July
30, 1999;
2. The Company has agreed that your services will no
longer be needed in Los Angeles during the thirty-
day notice period under the Agreement; provided,
however, you agree to be available to assist the
Company, as necessary from your offices in
Wisconsin during such period; and
3. The Company agrees to pay your Consultancy Fee
under the Agreement through August 31, 1999. In
addition, your stock options shall continue to
vest through August 31, 1999.
If the foregoing comports with your understanding of our
agreement, please date and execute two copies of this letter
agreement in the spaces provided below and return the fully
executed copy of the letter agreement to the undersigned.
Very truly yours,
MAXICARE HEALTH PLANS, INC.
By: /s/ Xxxx X. Xxxxx, Xx.
Xxxx X. Xxxxx, Xx.,
Chairman of the Board and
Chief Executive Officer
AGREED TO AND ACCEPTED
THIS 4th DAY OF AUGUST, 1999
By: /s/ Xxxxxx X. Xxxxxxx, Xx.
Xxxxxx X. Xxxxxxx, Xx.
