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Common Contracts

2 similar Termination of Employment Agreement contracts by Criimi Mae Inc

CRIIMI MAE Inc. 11200 Rockville Pike, Suite 400 Rockville, MD 20852 August 26, 2003
Termination of Employment Agreement • September 5th, 2003 • Criimi Mae Inc • Real estate investment trusts • Maryland

Effective as of August 25, 2003, CRIIMI MAE Inc. (“CRIIMI”) and CRIIMI MAE Management, Inc. (“Management” and collectively with CRIIMI, the “Company”) and you agree that any and all previous employment, severance, service or similar agreements between CRIIMI and/or Management and you (whether written or oral) including, without limitation, your Employment Agreement, dated July 25, 2001, as amended, between CRIIMI and you (the “Employment Agreement”) shall be terminated and cease to have any effect, including without limitation, Section 6.5 of the Employment Agreement, notwithstanding any survival clauses therein. You acknowledge and agree that this letter agreement (the “Agreement”) provides adequate consideration for the termination of your Employment Agreement and this Agreement is the only document which sets forth your rights in consideration of such termination of the Employment Agreement. As consideration for the termination of the Employment Agreement and for other good consider

CRIIMI MAE Inc. 11200 Rockville Pike, Suite 400 Rockville, MD 20852 August 26, 2003
Termination of Employment Agreement • September 5th, 2003 • Criimi Mae Inc • Real estate investment trusts • Maryland

Effective as of August 25, 2003, CRIIMI MAE Inc. (“CRIIMI”) and CRIIMI MAE Management, Inc. (“Management” and collectively with CRIIMI, the “Company”) and you agree that any and all previous employment, severance, service or similar agreements between CRIIMI and/or Management and you (whether written or oral) including, without limitation, your Employment Agreement, dated July 25, 2001, as amended, between CRIIMI and you (the “Employment Agreement”) shall be terminated and cease to have any effect, including without limitation, Section 6.5 of the Employment Agreement, notwithstanding any survival clauses therein. You acknowledge and agree that this letter agreement (the “Agreement”) provides adequate consideration for the termination of your Employment Agreement and this Agreement is the only document which sets forth your rights in consideration of such termination of the Employment Agreement. As consideration for the termination of the Employment Agreement and for other good consider