Common Contracts

2 similar Employment Agreement contracts by American Vantage Companies, Polymedica Corp

AMERICAN VANTAGE COMPANIES 7674 WEST LAKE MEAD BOULEVARD, SUITE 108 LAS VEGAS, NEVADA 89128
Employment Agreement • November 13th, 2002 • American Vantage Companies • Services-management services

This letter shall serve to confirm and memorialize our agreement that the option (the "April 2002 Option") granted to you pursuant to Paragraph 5(c)(ii) of the Employment Agreement, dated as of April 1, 2002 (the "Employment Agreement"), between American Vantage Companies ("AVC") and you, to purchase 9,269 shares of common stock of AVC at a purchase price of $2.49 per share, exercisable commencing on April 1, 2002 and expiring on March 31, 2012, as evidenced by the Incentive Stock Option Agreement, dated April 1, 2002, between AVC and you, has been cancelled, voided and nullified, effective as of July 31, 2002; and you agree that you shall have no further right to purchase these 9,269 shares of AVC's common stock pursuant to Paragraph 5(c)(ii) of the Employment Agreement.

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