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EXHIBIT (c)(3)
[ETHICON, INC. LETTERHEAD]
October 1, 1998
Subject: Employment Agreement -- Xxxxxx Xxxxxxxx
This serves to document the following understanding between Ethicon, Inc. and
Xxxxxx Xxxxxxxx:
1. As founder of FemRx, Xxxxxx has expressed his commitment to assist, as
needed, with the transition and integration of FemRx, with Ethicon, Inc.
2. While Xxxxxx's role in the transition is not fully defined, it is agreed that
Ethicon, Inc. would capitalize upon his experience as founder and leader of
the organization in making the transition successful.
3. The duration of the commitment will be determined as integration plans are
finalized, however Ethicon, Inc. commits to 6 months salary compensation at
the current base salary beginning upon the closing date.
4. While any salary or separation payments are being made by Ethicon, Inc. it is
agreed that Xxxxxx will not take employment with nor actively engage in the
development of businesses that directly compete with the FemRx products
without the prior written consent of Ethicon, Inc.
5. In no event shall Xxxxxx Xxxxxxxx have any commitment to Ethicon, Inc. beyond
May 30, 1999 unless there is a separate agreement.
Signature of this document denotes acceptance by the signing parties.
/s/ Xxxxxx X. Xxxxxxxx /s/ Xxxx Xxxxxxx
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Xxxxxx X. Xxxxxxxx Xxxx Xxxxxxx
President & CEO, FemRx Director, HR Systems & Business Improvement
