RE: WAIVER OF CERTAIN RIGHTS UNDER CURRENT EMPLOYMENT AGREEMENTWaiver of Certain Rights Under Current Employment Agreement • March 17th, 2000 • Hilltopper Holding Corp • Services-skilled nursing care facilities
As you know, the Company today is entering into an Agreement and Plan of Merger (the "Merger Agreement") between and among itself, Hilltopper Holding Corp. ("Parent") and Hilltopper Acquisition Corp. ("Purchaser") pursuant to which Purchaser will be merged with and into the Company, with the Company surviving as a wholly-owned subsidiary of Parent. Concurrent with execution of the Merger Agreement, you will be signing a new Employment Agreement with the Company (the "New Agreement") which, as of the Effective Time of the Merger, will supersede and replace in all respects your current Employment Agreement with the Company dated December 31, 1995 (the "Current Agreement").
