May 7, 2010 Mark P. O’Neill Maplewood, MN 55117 Re: Separation and Release Agreement Dear Mark:Hypertension Diagnostics Inc /Mn • May 10th, 2010 • Surgical & medical instruments & apparatus • Minnesota
As we have discussed, your employment with Hypertension Diagnostics, Inc. (“HDI”) will end effective Friday, May 7, 2010. Although not required to do so, HDI will provide you separation pay to ease your transition to new employment and to provide you an incentive for an effective transition of your duties and responsibilities. The purpose of this Separation and Release Letter Agreement (“Agreement”) is to set forth the specific separation pay that HDI will provide you in exchange for your agreement to the terms and conditions of this Agreement. Although we are providing this information to you now, you may not sign this Agreement until on or after your last day of employment (May 7, 2010).
