Re: Amendment to Executive Employment AgreementMedicalcv Inc • June 4th, 2007 • Surgical & medical instruments & apparatus
Reference is made to your Executive Employment Agreement with MedicalCV, Inc. (“MedCV” or “we”) dated August 18, 2005 (the “Employment Agreement”) providing for your employment as Vice President, Regulatory Affairs and Quality Assurance of MedCV. Following our discussion concerning your objectives and the future needs of MedCV, we have reached a mutual decision concerning your departure from MedCV. This letter (the ”Agreement”) will address amendments to the Employment Agreement and your severance and transition arrangements. Except as provided in this letter, the following supersedes all other existing arrangements for your employment, compensation and benefits.
