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EXHIBIT 10.15
SPECTRUMEDIX CORPORATION
0000 Xxx Xxxxxxxxx Xxxx
Xxxxx Xxxxxxx, Xxxxxxxxxxxx 00000
August 25, 1997
Xx. Xxxxxxx Xxxxxxxxxxxx
SpectruMedix Corporation
0000 Xxx Xxxxxxxxx Xxxx
Xxxxx Xxxxxxx, Xxxxxxxxxxxx 00000
Re: Termination of Employment Agreement
Dear Xxxxxxx:
Reference is made to the employment agreement (the "Agreement")
dated March 31, 1997 between you and SpectruMedix Corporation (the "Company"),
pursuant to which you are employed as President of the Company. The Company
understands that you have agreed to terminate your employment agreement with the
Company, opting instead to continue as Treasurer and Secretary of the Company on
an at-will basis. The Company wishes to terminate the Agreement and to employ
you as the Treasurer and Secretary of the Company on an at-will basis.
Please indicate your agreement to terminate the Agreement by
signing below in the countersignature block. Upon execution of this letter, the
Agreement will terminate and be of no further force or effect and neither you
nor the Company will have any further responsibilities, liabilities or
obligations with respect thereto or thereunder.
Please feel free to contact me with any questions that you may
have.
Sincerely,
SPECTRUMEDIX CORPORATION
/s/ Xxxxxx X. Xxxxxxxxxx
Xxxxxx X. Xxxxxxxxxx,
Chief Executive Officer
ACCEPTED AND AGREED:
/s/ Xxxxxxx Xxxxxxxxxxxx
-------------------------------------
Xxxxxxx Xxxxxxxxxxxx
cc: J. Xxxxxxx Xxxxxxxxx, Esq.
