December 15, 2006Letter Agreement • February 28th, 2007 • Merck & Co Inc • Pharmaceutical preparations • New Jersey
This letter agreement (“Agreement”) will confirm our discussions and sets forth the arrangements that have been made concerning your employment status with Merck & Co., Inc. (“Merck” or the “Company”). We have agreed as follows:
August 24, 2006 Dear Brad:Letter Agreement • February 28th, 2007 • Merck & Co Inc • Pharmaceutical preparations • New Jersey
This letter agreement (“Agreement”) supersedes Peter Loescher’s letter to you dated July 12, 2006 concerning your employment status with Merck & Co., Inc. (“Merck” or the “Company”) and incorporates revisions to the earlier letter discussed by your attorneys and Merck’s attorneys. As you and Peter discussed, as part of a general restructuring of Merck’s worldwide human health business, your current position as President, U.S. Human Health will be eliminated at the close of business on September 30, 2006 and you will be separated from employment. Merck is offering you severance arrangements set forth below, contingent on your timely acceptance and nonrevocation of the terms set forth in this Agreement:
