Exhibit (10.1)
Stock Compensation Agreement dated July 27, 1998 between
the Company and Xxxx X. Xxxxxxxx, Dr. Xxxxxx Xxxxxxxx,
Xxxxxxx Xxxxxxxxx and Xxxxxx X. Xxxxx
July 27, 1998
To: Xxxx Xxxxxxxx
Dr. Xxxxxx Xxxxxxxx
Xxxxxxx Xxxxxxxxx
Xxxxxx X. Xxxxx
Metropolitan would like to thank you for your offer to accept stock of
Metropolitan Health Networks, Inc. in lieu of cash payments for compensation.
By signing this letter you agree to accept Metropolitan Health Networks, Inc.
shares at $2.50 in lieu of a cash payment of the above mentioned compensation.
Additionally, you agree not to sell more than 25% of the shares received in any
one month and will work with the with the President and the management of the
Company in the disposition of these shares.
Sincerely,
/s/ Xxxxxx X. Xxxxx
--------------------
Xxxxxx X. Xxxxx
Executive Vice President and Chief Financial Officer
Agreed:
/s/ Xxxx Xxxxxxxx
----------------------
Xxxx Xxxxxxxx
/s/ Xxxxxxx Xxxxxxxxx
----------------------
Xxxxxxx Xxxxxxxxx
/s/ Xxxxxx Xxxxxxxx
----------------------
Dr. Xxxxxx Xxxxxxxx
/s/ Xxxxxx X. Xxxxx
----------------------
Xxxxxx X. Xxxxx
