Termination Letter Agreement between The Female Health Company and Donna Felch (Consulting Agreement)
This agreement, dated August 27, 2015, is between The Female Health Company and Donna Felch. It confirms the termination of Donna Felch's prior Consulting Agreement with the company, effective July 14, 2015, due to her acceptance of a new special assignment as a director overseeing Administration and FC2. Both parties agree to end all rights and obligations under the previous agreement, and any compensation paid to Donna under the old agreement after July 14 will be deducted from her new assignment's pay for the same period.
Exhibit 10.9
THE FEMALE HEALTH COMPANY
515 North State Street, Suite 2225
Chicago, IL 60654
August 27, 2015
Donna Felch
N5346 Meadowlark Road
Sheboygan Falls, WI 53085
Dear Donna:
Reference is made to the Consulting Agreement, dated as of January 1, 2013, as amended (the "Agreement"), between you and The Female Health Company (the "Company"). You have agreed, effective July 14, 2015, to accept a special assignment in the capacity of a director of the Company in reference to oversight of Administration and FC2.
The purpose of this letter agreement is to set forth our agreement regarding the termination of the Agreement effective as of July 14, 2015, now that you have the additional responsibilities pursuant to your special assignment. In that regard, we agree that the Agreement shall be terminated effective as of July 14, 2015, and neither party shall have any further rights or obligations thereunder. We also agree that all compensation paid to you under the Agreement for the period between July 14, 2015 and August 27, 2015, shall be deducted from the compensation payable to you for your special assignment for such period.
If you agree to the foregoing, please so indicate by signing where indicated below.
Yours very truly,
THE FEMALE HEALTH COMPANY
BY /s/ O.B. Parrish
O.B. Parrish, Chief Executive Officer
Agreed to as of the date first above written:
/s/ Donna Felch
Donna Felch
