Option Surrender Agreement between Mary T. Casale and Bert E. Brodsky

Contract Categories: Business Finance › Stock Agreements
Summary

Mary T. Casale notifies Bert E. Brodsky that she is surrendering her rights to purchase 255,689 shares of National Medical Health Card Systems, Inc. stock under a previous stock option agreement dated July 1, 1997. The surrender is effective immediately, meaning she will no longer have the right to exercise these options.

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EX-10.8 2 0002.txt MATERIAL CONTRACT EXHIBIT 10.8 MARY T. CASALE 822 CEDAR AVENUE HADDONFIELD, NJ 08033 February 1, 2000 Mr. Bert. E. Brodsky 26 Harbor Park Drive Port Washington, NY 11050 Re: OPTIONS Dear Mr. Brodsky: In connection with that Stock Option Agreement dated July 1, 1997 between us wherein you granted me options to purchase 255,689 post-split shares of common stock of National Medical Health Card Systems, Inc. registered in your name at an exercise price of $5.87 per share (the "Options"), I hereby surrender such Options effective immediately. Very truly yours, /s/Mary T. Casale Mary T. Casale