COMPUTER HORIZONS CORP. 49 Old Bloomfield Avenue Mountain Lakes, NJ 07046-1495 April 28, 2003Termination Agreement • May 15th, 2003 • Computer Horizons Corp • Services-computer integrated systems design
This is to confirm our agreement (the "Agreement") concerning the termination of your employment with Computer Horizons Corp. (the "Company"), your resignation as an officer and director of the Company and certain other related matters, as follows:
March 31, 2003Employment Agreement • May 15th, 2003 • Computer Horizons Corp • Services-computer integrated systems design
As a result of John J. Cassese taking a leave of absence from his position as Chief Executive Officer and President of Computer Horizons Corp. (the "Company") and the Board of Directors (the "Board") naming you as acting Chief Executive Officer and President, you and the Board have agreed to amend your employment agreement with the Company dated January 1, 2000 (the "Original Agreement"). All of the terms and conditions in the Original Agreement not otherwise amended as set forth herein in this letter agreement (the "Letter Agreement") shall be incorporated into this Letter Agreement and shall remain in full force and effect. In the event of any inconsistency between the terms and conditions in the Original Agreement and those in this Letter Agreement, the terms and conditions in this Letter Agreement shall control. Capitalized terms not defined herein have the meanings assigned to them in the Original Agreement.
April 3, 2003Employment Agreement • May 15th, 2003 • Computer Horizons Corp • Services-computer integrated systems design
As a result of William J. Murphy being appointed by the Board of Directors (the "Board") as Chief Executive Officer and President of Computer Horizons Corp. (the "Company") and the Board naming you as Chief Financial Officer, you and the Board have agreed to amend your employment agreement with the Company dated March 6, 1997 (the "Original Agreement"). All of the terms and conditions in the Original Agreement not otherwise amended as set forth herein in this letter agreement (the "Letter Agreement") shall be incorporated into this Letter Agreement and shall remain in full force and effect. In the event of any inconsistency between the terms and conditions in the Original Agreement and those in this Letter Agreement, the terms and conditions in this Letter Agreement shall control.
