Resignation Letter of Joseph A. Paul as Director, President & CEO of US Diagnostic Inc.

Contract Categories: Human Resources › Separation Agreements
Summary

Joseph A. Paul submits his resignation as Director, President, and Chief Executive Officer of US Diagnostic Inc., effective January 5, 2001. The letter clarifies that this resignation does not alter or cancel his existing employment agreement with the company, including any retention bonus payments previously approved by the Board of Directors.

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EX-10.7 3 g65064ex10-7.txt RESIGNATION LETTER OF JOSEPH A. PAUL 1 EXHIBIT 10.7 JOSEPH A. PAUL Letterhead October 27, 2000 US Diagnostic Inc. 250 S. Australian Avenue 9th Floor West Palm Beach, Florida 33401 Attn: Board of Directors Gentlemen: I hereby resign as a Director, President & Chief Executive Officer of US Diagnostic Inc. effective as of January 5, 2001. The resignation shall not be construed to amend or cancel the current agreement between US Diagnostic Inc. and Joseph A. Paul regarding Joseph A. Paul's current employment agreement, including but not limited to the retention bonus payments as outlined and approved by the Board of Directors on April 19, 2000. Sincerely, /s/ Joseph A. Paul - ---------------------- Joseph A. Paul