September 19, 2003 Mr. Russel J. Corvese c/o Scrip Pharmacy, Inc. 2791 Charter Street Columbus, Ohio 43228 Re: Amendment to Employment Letter Agreement Dear Russ: Reference is made to that certain Employment Letter Agreement (the "Agreement") entered...
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Re: Amendment to Employment Letter Agreement |
Dear Xxxx:
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1. | Capitalized terms used herein and not defined herein shall have the meanings given to those terms in the Agreement. |
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2. | Section 1 of the Employment Agreement is deleted in its entirety and substituted in lieu thereof shall be the following: "1. POSITION AND DUTIES: Vice President - Operations of Scrip Solutions, Inc. You will report primarily to the Company's executive management and will have such day to day responsibilities as shall be assigned to you by the President and Chief Operating Officer of the Company, subject to the authority of the Board of Directors. Subject to the terms and conditions of this Agreement, you acknowledge and understand that you are an employee at will. | |
3. | Section 7 of the Employment Agreement is hereby deleted in its entirety and substituted in lieu thereof shall be the following: |
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"SECTION 7. Termination; Severance.
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Xx. Xxxxxx X. Xxxxxxx
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For purposes of this Agreement, "Cause" shall mean any of the following: (1) commission by you of criminal conduct which
involves moral turpitude; (2) acts which constitute fraud or self-dealing by or on the part of you against the Company,
including, without limitation, misappropriation or embezzlement; (3) your willful engagement in conduct which is
materially injurious to the Company; or (4) your gross misconduct in the performance of duties as an employee of the
Company, including, without limitation, failure to obey lawful written instructions of the Board of Directors of the
Company, any committee thereof or the Chief Executive Officer of the Company or failure to correct any conduct which
constitutes a breach of this agreement between you and the Company or of any written policy promulgated by the Board of
Directors of the Company, any committee thereof or the Chief Executive Officer of the Company, in either case after not
less than ten days' notice in writing to you of the Company's intention to terminate you if such failure is not corrected
within the specified period (or after such shorter notice period if the Company in good xxxxx xxxxx such shorter notice
period to be necessary due to the possibility of material injury to the Company).
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4. | Except as modified hereby, the Agreement shall remain unmodified and in full force and effect. |
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5. | This letter amendment shall be construed in accordance with, and its interpretation shall otherwise be governed by, the laws of the State of New York, without giving effect to otherwise applicable principles of conflicts of law. |
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Kindly signify your agreement to the foregoing by signing below and forward an executed copy to me for our files.
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