MEMORANDUM OF AGREEMENT

EX-10.15 5 g74899ex10-15.txt MEMORANDUM OF AGREEMENT EXHIBIT 10.15 MEMORANDUM TO: Marlene McCurdy FROM: Gene Cattarina DATE: August 6, 2001 SUBJECT: CHANGE OF STATUS CC: Mark Rapoport Outlined below are the details pertaining to your Promotion: - - Your title will be Senior Vice President and General Manager, North Carolina Operations, reporting to Gene Miller, COO - - Your current salary will remain the same, and you will be eligible for an increase in January 2002 - - In the event that your employment is terminated by the company, not for cause, you will receive a severance payment equal to12 months pay, plus your outstanding stock option loan of $14,000 will be grossed-up - - The company will pay up to two months temporary housing expenses and will then reimburse you up to $600 per month for your rent, for the following twelve months. During this time, the company will also pay for two trips home per month. - - You will also receive a $20,000 bonus payable in October 2001, less all applicable state and federal deductions. /s/ Marlene McCurdy - ------------------------------------ ----------------------- Marlene McCurdy Date /s/ Eugene Santa Cattarina - ------------------------------------ ----------------------- Eugene Santa Cattarina Date