SEPARATION, CONSULTING AND RELEASE AGREEMENT THIS AGREEMENT IS SUBJECT TO ARBITRATIONConsulting and Release Agreement • September 23rd, 2008 • HealthMarkets, Inc. • Accident & health insurance • Delaware
THIS SEPARATION, CONSULTING AND RELEASE AGREEMENT (this “Agreement”) is made and entered into as of September 19, 2008, by and between HealthMarkets, Inc., a Delaware corporation (“HealthMarkets”) and The MEGA Life and Health Insurance Company (“MEGA”), a wholly owned subsidiary of HealthMarkets, (HealthMarkets and MEGA are hereinafter referred to collectively as the “Company”) and David W. Fields (the “Executive”). Unless otherwise defined herein, capitalized terms shall have the meaning specified in the Employment Agreement (as defined below).
