August 23, 2002Assistance Agreement and Release • November 15th, 2002 • National Golf Properties Inc • Real estate investment trusts • California
This Assistance Agreement and Release (the “Agreement”) sets forth our mutual understanding concerning the resignation of your employment with National Golf Operating Partnership, L.P., a Delaware limited partnership (“NGOP”), National Golf Properties, Inc., a Maryland corporation (“NGP”), which is the general partner of NGOP (NGOP and NGP are collectively referred to herein as the “Company”), and their respective subsidiaries and affiliates, and your agreement to assist the Company following such resignation. You agree that the payments and benefits set forth herein are in full and complete satisfaction of all obligations of the Company and its subsidiaries and affiliates to you upon a termination of your employment, including any obligations under the terms of the Employment Agreement between you and the Company, dated January 30, 1998 (the “Employment Agreement”). You agree that you are not legally entitled to receive all of the payments and benefits hereunder.
