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    EXHIBIT
      10.14

    

    

    EMPLOYMENT
      AGREEMENT 

    

    This
      Employment Agreement (the “Agreement”) is entered into by and among C. Mark
      Campbell (“Campbell”), Bergen Commercial Bank (now known as Greater Community
      Bank) (the “Bank”) and
      Greater Community Bancorp (“GCB”) as of the 31st
      day of
      July, 2006 (the “Effective Date”). 

    

    WHEREAS,
      Campbell, the Bank and GCB wish to modify the employment relationship between
      Campbell and the Bank and GCB on the Effective Date of this Agreement; and
      

    

    WHEREAS,
      as of the Effective Date of this Agreement, Campbell will no longer serve as
      Director, President and Chief Operating Officer of the Bank, as Director,
      President and Chief Operating Officer of GCB, as well as all other director
      and
      officer positions with the Company's subsidiaries; and

    

    WHEREAS,
      Campbell, the Bank and GCB desire to resolve all outstanding issues with respect
      to the employment relationship and the separation thereof. 

     

    NOW,
      THEREFORE, Campbell, the Bank and GCB agree as follows:

     

    1.    Except
      as
      provided herein, this Agreement supersedes the Employment Agreement of C. Mark
      Campbell, dated March 2, 2005, Campbell’s 1998 Employment Agreement, and all
      other agreements between the parties to date and Campbell shall not be entitled
      to any other sums or remuneration including severance pay. 

    

    2.     As
      of the
      Effective Date of this Agreement, Campbell shall resign as Director, President
      and Chief Operating Officer of the Bank, as Director, President and Chief
      Operating Officer of GCB, as well as all other director and officer positions
      with the Company's subsidiaries. For the period from July 31, 2006 through
      July
      31, 2007 (the “Continued Employment Period”), the Bank and GCB agree to continue
      to pay Campbell his annual salary of Three Hundred Seventy Thousand Dollars
      ($370,000.00), less normal withholdings and deductions, which amount is equal
      to
      the annual salary Campbell was being paid immediately prior to the Effective
      Date of this Agreement. Campbell acknowledges that these sums and benefits,
      and
      the other sums and benefits contained herein, represent sufficient consideration
      for the releases and covenants contained herein and in Exhibit A
      hereto.

    

    3.     During
      the Continued Employment Period, Campbell shall continue to be provided the
      following benefits maintained by the Bank and/or GCB for the benefit of its
      employees:

    

    (a)    Campbell
      shall continue to be eligible to participate in the group health, medical,
      and/or dental insurance plans, the group term life insurance benefits and the
      group disability benefits. 

    

    (b)    
Campbell
      shall continue to participate in the Supplemental Earnings Retirement Plan
      (“SERP”). In accordance with the terms of the SERP and in accordance with
      applicable law, the Bank and GCB hereby agree to make a contribution to the
      SERP
      on Campbell’s behalf in the amount of 

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    Eighty-three
      Thousand Four Hundred Thirty-four Dollars (83,434.00) on January 1, 2007 or
      within a reasonable time upon invoicing from the plan administrator, whichever
      occurs later. No other payments shall be made on Campbell's behalf to the
      SERP.

    

    (c)     Campbell
      shall continue to participate in the savings portion of the 401(k) Plan, but
      shall be excluded from the profit sharing portion of the 401(k) Plan for
      the remainder of 2006 and 2007.

    

    (d)     Campbell
      shall continue to be reimbursed in the amount of Nine Hundred Dollars ($900.00)
      per month as an automobile allowance for automobile expenses, including
      automobile insurance.

    

    (e)     Campbell
      shall continue to be reimbursed on a monthly basis for country club membership
      fees and dues. 

    

    4.     Stock
      Options.
      Campbell currently has 10,250 outstanding options. The number of outstanding
      options may change due to stock dividends, including the stock dividend which
      is
      scheduled to occur on July 31, 2006 and which it is anticipated will result
      in
      the issuance of an additional 256.25 options
      to Campbell, and other circumstances. These options shall continue to be
      governed by the applicable agreements pursuant to which they were issued
      including, but not limited to, paragraphs 4 and 11 of the Employment Agreement
      of C. Mark Campbell, dated March 2, 2005 and the Stock Option
      Agreements.

    

    5.     Performance
      of Services.
      In
      consideration for the payments and benefits provided in Paragraphs 2 and 3
      above, Campbell hereby agrees to provide during the Continued Employment Period
      such services and perform such functions as reasonably requested by the Bank
      and/or GCB and as mutually agreeable to the parties. 

    

    6.     Termination
      Date.
      Effective July 31, 2007 (the “Termination Date”), Campbell shall resign as an
      employee and his employment by the Bank and GCB shall terminate. Campbell hereby
      agrees to execute at the time of such termination the Waiver and Release
      Agreement attached hereto as Exhibit “A” and which is in the form and language
      as provided in Paragraphs 7, 8, 9, 11, 12, 13, 15 and 17 hereof. Beginning
      on
      the Termination Date, Campbell shall be eligible to elect continuation of
      coverage under the medical/dental benefits plan the Bank and/or GCB maintains
      for the benefit of their employees in accordance with the Consolidated Omnibus
      Budget Reconciliation Act of 1986 (COBRA) at Campbell’s expense.

    

    7.     Severance
      Amounts.
      For the
      period beginning with the Termination Date and continuing through September
      30,
      2015, the Bank and GCB hereby agree to pay Campbell severance pay in the amount
      of Twenty-Five Thousand Dollars ($25,000.00) per year, provided he signs the
      release attached as Exhibit A as required by this Agreement. Such amount shall
      be paid in a lump sum on or about August 1st
      of each
      year with a pro-rated amount being paid for the period of August and September
      2015. With regard to payment for 2007, this sum shall not be paid until Campbell
      signs Exhibit A and its seven day revocation period has expired. Payments in
      accordance with this Paragraph shall terminate if Mr. Campbell becomes employed
      by another person or business, which employment provides Mr. Campbell with
      eligibility to participate in any health, medical, and/or health insurance
      plan.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    8.      In
      consideration of the foregoing benefits, and to the extent fullest permitted
      by
      law, Mr. Campbell, for himself, heirs and assigns, agrees never to sue, in
      any
      way complain of, file a charge (or permit such a charge to be filed on his
      behalf) or grieve against the Company, its parent corporations, or its or theirs
      affiliates or subsidiaries, or its or their past, current or future officers,
      directors, agents, shareholders, employees, predecessors, successors or assigns
      (hereinafter collectively referred to as the “Releasees”). Mr. Campbell releases
      the Releasees of and from any and all claims, whether currently known or
      unknown, and whether brought by or on behalf of Mr. Campbell. This release
      includes, without limitation by enumeration, claims for back pay, front pay,
      personal injury, breach of contract, compensatory and punitive damages,
      injunctive and declaratory relief, attorneys’ fees (which claim is also hereby
      released by Mr. Campbell’s attorneys) and for future damages allegedly arising
      from the alleged continuation of the effects of any past action, omission or
      event. This release includes any and all suits, charges, liability and damages,
      in law or in equity (including, without limitation by enumeration, any
      complaints, claims and suits under the United State and New Jersey
      Constitutions; 42 U.S.C§§
      1981,
      1981a, 1983, 1985, 1986 and 1988; Title VII of the Civil Rights Act of 1964,
      as
      amended 42 U.S.C. § 2000e et seq.;
      the
      Americans with Disabilities Act, 42 U.S.C. § 12101 et seq.;
      the Age
      Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621
et seq.;
      the
      Federal Family and Medical Leave Act, 29 U.S.C. § 2601 et seq.;
      the
      Employment Retirement Income Security Act of 1974, as amended, 29 U.S.C. § 1001
et seq.;
      Executive Order 11246; the Conscientious Employee Protection Act, N.J.S.A.
      34:19-1 et seq.;
      New
      Jersey employment laws; and any other law, ordinance or regulation prohibiting
      discrimination in employment or otherwise regulating the employment
      relationship). This release includes any and all matters in connection with,
      or
      based wholly partially upon, without limitation by enumeration, acts of age
      or
      other discrimination, retaliation, suspension, discharge, promotion, transfer,
      harassment, libel, slander, infliction of emotional distress, interference
      with
      prospective business relationships, invasion of privacy, failure to interview,
      hire or appoint, terms and conditions of employment, breach of employment
      contract, wrongful discharge or constructive discharge allegedly committed
      against Mr. Campbell by the Releasees, or in any way arising directly or
      indirectly out of Mr. Campbell’s employment with and termination from GCG and/or
      the Bank, up to and including the date Mr. Campbell signs this
      Agreement.

    

    9.      Mr.
      Campbell agrees not to make disparaging remarks about any of the Releasees,
      or
      their products or practices (including but not limited to, personnel
      practices).

    

    10.     Mr.
      Campbell agrees that while he continues to be employed by GCB until July 31,
      2007, he shall not serve as an officer or director or employee of any bank
      holding company, bank, savings association or mortgage company with its
      principal office in Bergen County and Passaic County, New Jersey, and which
      offers products or services in such county, competing with those offered by
      GCB
      or any of its banking subsidiaries. Mr. Campbell further agrees to abide by
      the
      Confidentiality Provisions contained in the March 2, 2005 Employment Agreement.
      If there is a breach or threatened breach of the provisions of this paragraph
      or
      the prohibitions upon disclosure contained in the March 2, 2005 Employment
      Agreement, Mr. Campbell acknowledges and agrees that there may not be adequate
      remedy at law for such breach and that GCB and the Bank each shall be entitled
      to injunctive relief restraining him from such breach or threatened breach,
      but
      such relief shall not be the exclusive remedy hereunder for such
      breach.

     

    11.     Mr.
      Campbell represents and promises that he has no documents (including computer
      documents) or materials relating to GCB and/or the Bank or their businesses
      at
      his house or elsewhere, including, but not limited to, 

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      	 	
              ·

            	
              Customer
                lists - electronic copies and printed
                copies

            

    

    
      	 	
              ·

            	
              Past
                and present Company e-mail correspondence, addressed to
                anyone.

            

    

    
      	 	
              ·

            	
              Passwords
                and/or security codes to access computer
                assets.

            

    

    
      	 	
              ·

            	
              Keys
                to office facilities, P.O. Boxes, desks, lock boxes, etc. that are
                the
                property of GCB or the Bank.

            

    

    

    
      	 	
              12.

            	
              Mr.
                Campbell acknowledges that:

            

    

    

    
      	 	
              (a)

            	
              he
                has read the foregoing document, understands its contents and agrees
                to
                its terms and conditions freely and
                voluntarily;

            

    

    
      	 	
              (b)

            	
              he
                has made an independent investigation of the facts and does not rely
                on
                any statements or representations by GCB, the Bank, their agents
                or
                representatives, in entering into this
                Agreement;

            

    

    
      	 	
              (c)

            	
              he
                has consulted with legal counsel before signing this
                Agreement;

            

    

    
      	 	
              (d)

            	
              he
                understands and agrees that this Agreement includes a final general
                release and that, as stated in paragraph 6 of this Agreement, he
                can make
                no further claims against any of the Releasees for any matters having
                connection with the events covered
                herein;

            

    

    
      	 	
              (e)

            	
              he
                has twenty-one (21) days from the date of receipt of this Agreement
                within
                which to consider it;

            

    

    
      	 	
              (f)

            	
              he
                may, within seven (7) calendar days following the date he executes
                this
                Agreement and returns it to GCB and the Bank cancel and terminate
                this
                Agreement by giving written notice of his intent to terminate to
                Greater
                Community Bancorp at 55 Union Boulevard, Totowa, New Jersey 07511
                and
                Greater Community Bank at 55 Union Boulevard, Totowa, New Jersey
                07511 and
                by returning to GCB and the Bank the amount specified in paragraph
                2 of
                this Agreement, to the extent he has already received that payment,
                and
                this Agreement shall not become effective or enforceable until the
                seven-day period has expired. TIME IS OF THE ESSENCE WITH REGARD
                TO THIS
                SUBPARAGRAPH; and

            

    

    
      	 	
              (g)

            	
              he
                wants no further claims.

            

    

    

    13.     The
      parties understand and agree that any breach by any of them of any of the
      foregoing covenants shall entitle them to bring an action for failure to comply
      with the terms of this Agreement and, further, should the non-breaching party
      prevail in such action, the non-breaching party shall be entitled to recover
      its
      or his actual reasonable attorneys’ fees and costs as part of such action. In
      addition, the parties agree that the remedy at law for breach of this Agreement
      shall be inadequate and that the non-breaching party shall be entitled to
      injunctive relief and any other remedy or relief ordered by a
      court.

    

    14.     Mr.
      Campbell, GCB and the Bank each acknowledge that this Agreement is a joint
      product and shall not be construed against any party on the grounds of sole
      authorship. Mr. Campbell hereby authorizes and ratifies all that his attorneys,
      if any, may have done or may do in the effectuation of this Agreement.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    15.     Neither
      the signing of this Agreement nor any actions taken by GCB or the Bank in
      compliance with the terms of this Agreement constitute an admission that they
      have acted wrongfully toward, unlawfully discriminated against, or wrongfully
      discharged Campbell or that they have violated any federal, state or local
      law,
      Executive Order or regulation or that they have breached an employment contract
      with Mr. Campbell. 

    

    16.     Should
      any of the provisions of this Agreement be rendered invalid by a court or
      government agency or competent jurisdiction, it is agreed that this shall not
      in
      any way affect the enforceability of the other provisions of this Agreement,
      which shall remain in full force and effect provided, however, that if the
      release of claims and covenant not to sue in Paragraph 8 above is held to be
      invalid or enforceable by GCB or the Bank, then this Agreement shall be void
      in
      its entirety and GCB and the Bank shall be entitled to the return of all sums
      paid pursuant to Paragraph 2, hereunder. This Agreement constitutes the complete
      understanding between Campbell, GCB and the Bank. No other promises or
      agreements shall be binding unless signed by these parties.

    

    17.    The
      parties agree to execute any further documents deemed necessary or advisable
      to
      GCB and the Bank to perfect or better document the matters herein. 

    

    18.     Except
      to
      the extent preempted by Federal law, the laws of the State of New Jersey shall
      govern this Agreement in all respects, whether as to its validity, construction,
      capacity, performance or otherwise.

    

    19.     This
      Agreement shall be personal to and binding on Campbell, his agents, attorneys,
      personal representatives, executors, administrators, heirs, beneficiaries,
      successors, and assigns, and shall be binding on the Bank and GCB and any and
      all of their successors, purchasers, and assigns.

    

    20.     The
      parties acknowledge and agree that to the extent required by law, this Agreement
      may be filed with federal agencies, including but not limited to the Securities
      and Exchange Commission.

    

    

    
      	
              Date:
                July
                10, 2006

            	
              /s/
                C. Mark Campbell

            
	 	
              C.
                Mark Campbell

            
	 	 
	 	
              GREATER
                COMMUNITY BANK

            
	
              Date:
                July
                10, 2006

            	
              /s/
                Charles J. Volpe

            
	 	
              Charles
                J. Volpe, Director

            
	 	 
	 	
              GREATER
                COMMUNITY BANCORP

            
	
              Date:July
                10, 2006

            	
              /s/
                Charles J. Volpe

            
	 	
              Charles
                J. Volpe, Director and

            
	 	
              Chairman
                of the Compensation Committee

            
	 	 

    

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    EXHIBIT
      A

    WAIVER
      AND RELEASE AGREEMENT

    

    In
      consideration of the benefits received by me in the Employment Agreement, dated
      July 31, 2006, and to the extent fullest permitted by law, I, C. Mark Campbell,
      for myself, my heirs and assigns, agree never to sue, in any way complain of,
      file a charge (or permit such a charge to be filed on my behalf) or grieve
      against the Company, its parent corporations, or its or theirs affiliates or
      subsidiaries, or its or their past, current or future officers, directors,
      agents, shareholders, employees, predecessors, successors or assigns
      (hereinafter collectively referred to as the “Releasees”). I release the
      Releasees of and from any and all claims, whether currently known or unknown,
      and whether brought by or on behalf of me. This release includes, without
      limitation by enumeration, claims for back pay, front pay, personal injury,
      breach of contract, compensatory and punitive damages, injunctive and
      declaratory relief, attorneys’ fees (which claim is also hereby released by my
      attorneys) and for future damages allegedly arising from the alleged
      continuation of the effects of any past action, omission or event. This release
      includes any and all suits, charges, liability and damages, in law or in equity
      (including, without limitation by enumeration, any complaints, claims and suits
      under the United State and New Jersey Constitutions; 42 U.S.C§§
      1981,
      1981a, 1983, 1985, 1986 and 1988; Title VII of the Civil Rights Act of 1964,
      as
      amended 42 U.S.C. § 2000e et seq.;
      the
      Americans with Disabilities Act, 42 U.S.C. § 12101 et seq.;
      the Age
      Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621
et seq.;
      the
      Federal Family and Medical Leave Act, 29 U.S.C. § 2601 et seq.;
      the
      Employment Retirement Income Security Act of 1974, as amended, 29 U.S.C. § 1001
et seq.;
      Executive Order 11246; the Conscientious Employee Protection Act, N.J.S.A.
      34:19-1 et seq.;
      New
      Jersey employment laws; and any other law, ordinance or regulation prohibiting
      discrimination in employment or otherwise regulating the employment
      relationship). This release includes any and all matters in connection with,
      or
      based wholly partially upon, without limitation by enumeration, acts of age
      or
      other discrimination, retaliation, suspension, discharge, promotion, transfer,
      harassment, libel, slander, infliction of emotional distress, interference
      with
      prospective business relationships, invasion of privacy, failure to interview,
      hire or appoint, terms and conditions of employment, breach of employment
      contract, wrongful discharge or constructive discharge allegedly committed
      against me by the Releasees, or in any way arising directly or indirectly out
      of
      my employment with and termination from GCG and/or the Bank, up to and including
      the date I sign this Agreement.

    

    I
      agree
      not to make disparaging remarks about any of the Releasees, or their products
      or
      practices (including but not limited to, personnel practices).

    

    I
      acknowledge that I continue to be bound by the covenants not to compete and
      confidentiality clauses contained in the July 31, 2006 Employment Agreement.
      

    

    I
      represent and promise that I have no documents (including computer documents)
      or
      materials relating to GCB and/or the Bank or their businesses at my house or
      elsewhere, including, but not limited to, 

    

    
      	 	
              ·

            	
              Customer
                lists - electronic copies and printed
                copies

            

    

    
      	 	
              ·

            	
              Past
                and present Company e-mail correspondence, addressed to
                anyone.

            

    

    
      	 	
              ·

            	
              Passwords
                and/or security codes to access computer
                assets.

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
      	 	
              ·

            	
              Keys
                to office facilities, P.O. Boxes, desks, lock boxes, etc. that are
                the
                property of GCB or the Bank.

            

    

    

    I
      acknowledge that:

    

    
      	 	
              (h)

            	
              I
                have read the foregoing document, understands its content and agree
                to its
                terms and conditions freely and
                voluntarily;

            

    

    
      	 	
              (i)

            	
              I
                have made an independent investigation of the facts and does not
                rely on
                any statements or representations by GCB, the Bank, their agents
                or
                representatives, in entering into this
                Agreement;

            

    

    
      	 	
              (j)

            	
              I
                have consulted with legal counsel before signing this
                Agreement;

            

    

    
      	 	
              (k)

            	
              I
                understand and agree that this Agreement includes a final general
                release
                and that, as stated herein and in paragraph 8 of the Employment Agreement,
                dated July 31, 2006, I can make no further claims against any of
                the
                Releasees for any matters having connection with the events covered
                herein;

            

    

    
      	 	
              (l)

            	
              I
                have twenty-one (21) days from the date of receipt of this Agreement
                within which to consider it;

            

    

    
      	 	
              (m)

            	
              I
                may, within seven (7) calendar days following the date I execute
                this
                Agreement and return it to GCB and the Bank cancel and terminate
                this
                Agreement by giving written notice of my intent to terminate to Greater
                Community Bancorp at 55 Union Boulevard, Totowa, New Jersey 07511
                and
                Greater Community Bank at 55 Union Boulevard, Totowa, New Jersey
                07511 and
                by returning to GCB and the Bank the amount specified in paragraph
                2 of
                the Employment Agreement, dated July 31, 2006, to the extent I have
                already received that payment, and this Agreement shall not become
                effective or enforceable until the seven-day period has expired.
                TIME IS
                OF THE ESSENCE WITH REGARD TO THIS SUBPARAGRAPH;
                and

            

    

    
      	 	
              (n)

            	
              I
                want no further claims.

            

    

    

    I
      understand and agree that any breach by me of any of the foregoing covenants
      shall entitle the Bank and GCB to bring an action against me for failure to
      comply with the terms of this Agreement and, further, should the non-breaching
      party prevail in such action, the non-breaching party shall be entitled to
      recover its or his actual reasonable attorneys’ fees and costs as part of such
      action. In addition, I agree that the remedy at law for breach of this Agreement
      shall be inadequate and that the non-breaching party shall be entitled to
      injunctive relief and any other remedy or relief ordered by a court.

    

    I
      acknowledge that this Agreement is a joint product and shall not be construed
      against any party on the grounds of sole authorship. I hereby authorize and
      ratify all that my attorneys, if any, may have done or may do in the
      effectuation of this Agreement. 

    

    I
      understand that if any of the provisions of this Agreement are rendered invalid
      by a court or government agency or competent jurisdiction, I agree that this
      shall not in any way affect the enforceability of the other provisions of this
      Agreement, which shall remain in full force and effect provided, however, that
      if the release of claims and covenant not to sue are held to be invalid or
      enforceable by GCB or the Bank, then this Agreement shall be void in its
      entirety and GCB and the Bank shall be entitled to the return of all sums paid
      pursuant to Paragraph 2 of the Employment

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    Agreement
      effective July 31, 2006 and hereunder. This Agreement constitutes the complete
      understanding between me, GCB and the Bank. No other promises or agreements
      shall be binding unless signed by these parties.

    

    I
      acknowledge that this release shall be binding upon me and my agents, attorneys,
      personal representatives, executors, administrators, heirs, beneficiaries,
      successors, and assigns

    

    Except
      to
      the extent preempted by Federal law, I understand that the laws of the State
      of
      New Jersey shall govern this Agreement in all respects, whether as to its
      validity, construction, capacity, performance or otherwise.

    

    

    

    
      	
              Date:

            	
               

            	 	
               

            	 
	 	 	 	
              C.
                Mark Campbell

            	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	
              GREATER
                COMMUNITY BANK

            	 
	 	 	 	 	 	 
	
              Date:

            	
               

            	 	
              By:

            	
               

            	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	
              GREATER
                COMMUNITY BANCORP

            	 
	 	 	 	 	 	 
	
              Date:

            	
               

            	 	
              By:

            	
               

            	 

    

    

    

    

    

    

    807102006 8K Exhibit 10.1

EXHIBIT 10.1

PHARMACYCLICS, INC.

995 East Arques Avenue

Sunnyvale, CA  94085

 

July 5, 2005

 

Geoffrey Cooper

45 Stevenson Lane

Upper Saddle River, NJ, 07458

Dear Geoff:

This letter confirms the agreement between Pharmacyclics, Inc.  (the
"Company") and you regarding the terms of your separation from the
Company as of June 8, 2006, when you were laid-off as part of the
Company's decision to reduce costs.

	Separation Benefits.  In consideration for your signing this
agreement, you will receive a lump sum payment of $56,153.87 (the
"Separation Payment").  The Separation Payment shall be made no
earlier than eight days following your signature of this agreement without
revocation, and will be reduced by all required taxes and other authorized
withholding.  Additionally, if you elect to continue your health insurance
coverage under COBRA, the Company will pay your premium for one month.

 

	Stock Options.  You understand and agree that you have
25,000 vested Option Shares as of June 8, 2006, for which at this
time are exercisable, and understand in order to exercise, you  must do so
within 90 days of termination of employment or all options will be
forfeited.

 

	Return of Company Property.  You have returned to the Company
all Company property in your possession.

 

	Maintaining Confidential Information.  You will not disclose
any confidential information you acquired while an employee of the Company to
any other person or use such information in any manner that is detrimental to
the Company's interests.

 

	Cooperation With the Company.  You will cooperate fully with
the Company in its defense of or other participation in any administrative,
judicial or other proceeding arising from any charge, complaint or other action
which has been or may be filed.

 

	General Release of the Company.  You understand that by
agreeing to this release you are agreeing not to sue, or otherwise file any
claim against, the Company or any of its employees or other agents for any
reason whatsoever based on anything that has occurred as of the date you sign
this agreement.

 

	On behalf of yourself and your heirs and assigns, you hereby release and
forever discharge the "Releasees" hereunder, consisting of the
Company, and each of its owners, affiliates, divisions, predecessors,
successors, assigns, agents, directors, officers, partners, employees, and
insurers, and all persons acting by, through, under or in concert with them, or
any of them, of and from any and all manner of action or actions, cause or
causes of action, in law or in equity, suits, debts, liens, contracts,
agreements, promises, liability, claims, demands, damages, loss, cost or
expense, of any nature whatsoever, known or unknown, fixed or contingent
(hereinafter called "Claims"), which you now have or may hereafter
have against the Releasees, or any of them, by reason of any matter, cause, or
thing whatsoever from the beginning of time to the date hereof, including,
without limiting the generality of the foregoing, any Claims arising out of,
based upon, or relating to your hire, employment, remuneration or resignation by
the Releasees, or any of them, including any Claims arising under Title VII of
the Civil Rights Act of 1964, as amended; the Age Discrimination in Employment
Act, as amended; the Equal Pay Act, as amended; the Fair Labor Standards Act, as
amended; the Employee Retirement Income Security Act, as amended; the California
Fair Employment and Housing Act, as amended; the California Labor Code; and/or
any other local, state or federal law governing discrimination in employment
and/or the payment of wages and benefits.

Notwithstanding the generality of the foregoing, you do not release the
following claims:

(i)Claims for unemployment compensation or any state disability insurance
benefits pursuant to the terms of applicable state law; 

(ii)Claims for workers' compensation insurance benefits under the terms
of any worker's compensation insurance policy or fund of the Company;

(iii)Claims to continued participation in certain of the Company's group
benefit plans pursuant to the terms and conditions of the federal law known as
COBRA; and

(iv)Claims to any benefit entitlements vested as the date of her
employment termination, pursuant to written terms of any Company employee
benefit plan.

	YOU ACKNOWLEDGE THAT YOU ARE FAMILIAR WITH THE PROVISIONS OF CALIFORNIA
CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT
WITH THE DEBTOR.

BEING AWARE OF SAID CODE SECTION, YOU HEREBY EXPRESSLY WAIVE ANY RIGHTS YOU
MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON LAW
PRINCIPLES OF SIMILAR EFFECT.

	In accordance with the Older Workers Benefit Protection Act of 1990, you
should be aware of the following:

	You have the right to consult with an attorney before signing this
agreement;
	You have forty-five (45) days, from July 5, 2006, to consider this
agreement;
	You have seven (7) days after signing this agreement to revoke this
agreement, and this agreement will not be effective, and you will not receive
any of the separation benefits, until that revocation period has expired;
and
	the job titles and ages of all individuals eligible or selected for the
separation package and the ages of all individuals in the same job
classification or organizational unit who are not eligible for the separation
package are listed on the form attached as Appendix A.

 

	Employee's Representations and Warranties.  You represent and
warrant that:

(a)You have been paid all wages owed to you by the Company, including all
accrued, unused vacation, through the date of termination of your
employment;

(b)During the course of your employment, you did not sustain any injuries
for which you might be entitled to compensation pursuant to California's Workers
Compensation law;

(c)You have not made any disparaging comments about the Company, nor will
you do so in the future; and

(d)You have not initiated any adversarial proceedings of any kind against
the Company or against any other person or entity released herein, nor will you
do so in the future, except as specifically allowed by this Agreement.

	Severability.  The provisions of this agreement are severable.
If any provision is held to be invalid or unenforceable, it shall not affect the
validity or enforceability of any other provision.

 

	Voluntary and Knowing Agreement.  You represent that you have
thoroughly read and considered all aspects of this agreement, that you
understand all its provisions and that you are voluntarily entering into said
agreement.

 

	Entire Agreement; Amendment.  This agreement sets forth the
entire agreement between you and the Company and supersedes any and all prior
oral or written agreements or understanding between you and the Company
concerning the subject matter.  This agreement may not be altered, amended or
modified, except by a further written document signed by you and the
Company.

 

	Choice of Law.  This agreement shall in all respects be
governed by and construed in accordance with the laws of the State of
California, including all matters of construction, validity and performance,
without regard to conflicts of law principles. 

If the above accurately reflects your understanding, please date and sign the
enclosed copy of this letter in the places indicated below and return that copy
to Colleen DeGeorge, Associate Director, in Human Resources.
Respectfully,

 

 

/s/     Richard Miller, M.D., President & CEO

Richard Miller, M.D., President & CEO

 

Accepted and agreed to on

 

 

/s/     Geoffrey Cooper           July 7, 2006  

   Geoffrey Cooper              Date

 

Encl.

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