Letter Agreement dated as of December 30, 2008 by and between MMR and Richard Teich
Exhibit 10.16
AGREEMENT
This Letter Agreement, dated as of December 30, 2008, is made by and among mymedicalrecords.com, Inc., a Delaware corporation (the "Company"), and Richard Teich, an individual ("Employee"), sets forth the material terms under which the Company shall employ Employee.
| Term | Month to month, on an at will basis | |
| Responsibilities | Assist in product development, sales and marketing and such other areas as the Company may reasonably request, including providing services related to Favrille, Inc. upon its acquisition of the Company | |
| Salary | $15,000 per month | |
| Benefits | Eligible to participate in benefits made generally available to employees of the Company, which shall include health insurance coverage for Employee and his spouse In addition, Employee shall receive an automobile allowance of $500 per month | |
| Rights upon Termination | The Employee shall receive such amounts, if any, as may then be provided under the Company's severance policy applicable to employees generally |
In witness where, the parties have executed this Letter Agreement, effective as of December 30, 2008.
mymedicalrecords.com, Inc.
By /s/ Robert H. Lorsch
Robert H. Lorsch
Chairman and Chief Executive Officer
/s/ Richard Teich
Richard Teich
