Fulfillment and Termination of Employment Agreement between Amerigroup Corporation and Lorenzo Childress, Jr., MD

Summary

This agreement confirms that Amerigroup Corporation has met all its obligations under the original employment offer letter with Dr. Lorenzo Childress, Jr., including the agreed severance benefit. Both parties agree that the offer letter, along with all its terms and conditions, is now terminated and no longer has any effect.

EX-10.15.1 9 dex10151.txt FULLFILLMENT AND TERMINATION OF EMPLOYMENT AGREE. L. CHILDRESS JR. Exhibit 10.15.1 [LETTERHEAD] AMERIGROUP CORPORATION MEMORANDUM TO: Lorenzo Childress, Jr., MD FROM: Jeffrey L. McWaters DATE: June 20, 2003 SUBJECT: Letter dated March 17, 1995 - -------------------------------------------------------------------------------- The above referenced letter (the "Offer Letter") contained the initial terms of your employment with AMERIGROUP Corporation (the "Company"). One of the terms was an agreed upon severance benefit in the event your employment was terminated by the Company on a not-for-cause basis. This letter will confirm that the Company has fulfilled it obligations under the Offer Letter and the parties agree that the letter in its entirety, including the provisions relating to the severance benefit, is terminated and of no further force and effect. AMERIGROUP Corporation /s/ Jeffrey L. McWaters - -------------------------- Jeffrey L. McWaters AGREED TO AND ACCEPTED BY /s/ Lorenzo Childress, Jr. - -------------------------- Lorenzo Childress, Jr., MD