May 2, 2006Global Preferred Holdings Inc • May 5th, 2006 • Life insurance • Georgia
In accordance with the certain agreements and letters executed by Global Preferred Holdings, Inc. (the “Company”)1 and You, (i) Employment Agreement (Chief Accounting Officer) between You and the Company dated February 1, 2002 (the “Employment Agreement”); (ii) Renewal of the Employment Agreement of Caryl P. Shepherd dated February 1, 2003; (iii) Second Renewal of Employment Agreement of Caryl P. Shepherd dated January 1, 2004; (iv) letter from the Company to you dated March 12, 2004; (v) Third Renewal of Employment Agreement of Caryl P. Shepherd effective January 1, 2005; (vi) letter from the Company to you dated January 28, 2005 and (vii) Fourth Renewal of Employment Agreement of Caryl P. Shepherd effective January 1, 2006 ((i) – (vii) collectively the “Employment Documents”), it is agreed that your employment with the Company is terminated effective May 17, 2006 (the “Separation Date”). This letter agreement (the “Agreement”) sets forth the terms under which your employment with the
