SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement • August 11th, 2014 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • Georgia
THIS SEPARATION AGREEMENT AND GENERAL RELEASE (this “Agreement”) is made and entered into as of May 29, 2014, by and between BOYD P. GENTRY (“Executive”), on behalf of himself, his agents, attorneys, assigns, heirs, executors, administrators, beneficiaries and personal and legal representatives, and ADCARE HEALTH SYSTEMS, INC., a Georgia corporation (the “Company”), on behalf of its agents, attorneys, assigns, employees, successors, predecessors, officers, directors, shareholders and subsidiary and related companies. The Company and Executive are referred to in this Agreement, collectively, as the “parties” and, each individually, as a “party.”
ESCROW AGREEMENTEscrow Agreement • August 11th, 2014 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • Georgia
THIS ESCROW AGREEMENT (this “Agreement”) is made and entered into as of May 29, 2014, by and among (i) Boyd P. Gentry, a citizen of the state of Georgia (the “Executive”), (ii) AdCare Health Systems, Inc., a Georgia corporation (the “Company”), and (iii) Hughes, White, Kralicek, P.C., (the “Escrow Agent” and together with the Executive and the Company, sometimes referred to individually as a “Party” or collectively as the “Parties”).
