Document:

EX-10.1

    CHD
      MERIDIAN HEALTHCARE, LLC

    40
      Burton Hills Boulevard, #200

    Nashville,
      TN 37215

    

    

    August
      19, 2005

    

    E.
      Stuart
      Clark

    

    

    Re: Termination
      of Employment

    

    Dear
      Stuart:

    

    Upon
      your
      acceptance of this letter, please allow it to serve as a binding agreement
      (the
“Agreement”)
      between
      you, on the one hand, and CHD Meridian Healthcare, LLC and its subsidiary and
      affiliated companies (collectively, “CHD
      Meridian”),
      on the
      other hand, with respect to the termination of your employment with CHD Meridian
      and the other issues addressed in this Agreement. 

    

    1. Termination;
      Transition; Severance. 

    

    (a) Termination.
      Your
      employment at CHD Meridian under the terms of the Employment Agreement dated
      January 1, 2000, as amended on January 26, 2005 (collectively, the “Employment
      Agreement”),
      which
      is attached to this Agreement as Exhibit
      A,
      will
      terminate on the earlier of: (1) September 30, 2005; and (2) the date specified
      in a written notice from CHD Meridian indicating that your employment is
      terminating, which date will be at least one week after the date you receive
      the
      notice. The date on which your employment terminates is referred to as the
      “Termination
      Date.”

    

    (b) Transition.
      Through
      the Termination Date, you will continue to conduct the duties commensurate
      with
      your position and such other duties as may be assigned to you by the Chief
      Executive Officer of CHD Meridian in the Chief Executive Officer’s reasonable
      discretion. Following the Termination Date and during the Severance Period
      (as
      defined below), you will make yourself available to answer questions concerning
      your duties while employed by CHD Meridian. 

    

    (c) Severance. 

    

    (1) Subject
      to Section 1(c)(3), you will be entitled to a severance allowance equal to
      $92,500 payable over six months (the “Severance
      Period”)
      not
      inclusive of any accrued and unused Paid Time Off available to you under CHD
      Meridian’s policies on the Termination Date, less deductions for federal and/or
      state income tax withholding, FICA, and any other deductions from wages required
      by law or regulation. The Severance Period will begin the day following the
      Termination Date. The severance allowance will be paid in 13 equal installments
      in approximately the same intervals and with approximately the same frequency
      as
      CHD Meridian’s normal pay periods. The first such installment will be payable on
      CHD Meridian’s regular payday next following the Termination Date. 

     

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    (2) Subject
      to Section 1(c)(3) and provided you exercise your COBRA continuation rights
      under CHD Meridian’s group health insurance plan in which you participate on the
      Termination Date, CHD Meridian will provide to you COBRA continuation coverage
      during the Severance Period at no cost to you. The payment of any COBRA
      continuation premiums following the expiration or termination of the Severance
      Period is your sole responsibility, without any further notice from CHD
      Meridian. 

    

    (3) To
      the
      extent that you secure new employment before the expiration of the Severance
      Period, CHD Meridian will discontinue and retain thereafter any payment not
      yet
      paid under this Section 1(c).

    

    2. General
      Releases.
      Prior to
      the Termination Date, you will execute a General Release in favor of CHD
      Meridian in the form of Exhibit
      B attached
      to this Agreement, and CHD Meridian will execute a General Release in favor
      of
      you in the form of Exhibit
      C
      attached
      to this Agreement. 

    

    3. No
      Further Benefits or Obligations.
      As of
      the date hereof, you will be entitled to receive from CHD Meridian only the
      benefits set forth and incorporated by reference in this Agreement. Except
      as
      set forth or incorporated by reference in this Agreement, neither you nor CHD
      Meridian will have any further obligations to the other. 

    

    4. Indemnification.
      Following the Termination Date, as a former officer of CHD Meridian you are
      entitled to indemnification as provided by I-trax, Inc.’s Certificate of
      Incorporation and Bylaws, as amended from time to time.

    

    5. Conditions
      of Benefits.
      CHD
      Meridian will provide to you the rights, payments and benefits set forth in
      this
      Agreement as consideration for (a) your execution, non-revocation and honoring
      of a release of claims and covenant not to sue in favor of CHD Meridian in
      the
      form attached hereto as Exhibit
      B;
      and (b)
      your continued compliance with the provisions of Sections 6 and 8 of this
      Agreement. 

    

    6. Confidentiality,
      Non-Competition and Non-Disclosure. 

    

    (a) After
      the
      execution of this Agreement, Section 7(a) (Confidentiality), Section 7(c)
      (Non-Solicitation), Section 7(d) (Remedies), and Section 7(e) (Construction)
      of
      the Employment Agreement will continue in full force and effect in accordance
      with the terms of the Employment Agreement. After the execution of this
      Agreement, Section 7(b) (Non-Competition) of the Employment Agreement will
      continue in full force and effect for a period of 12 months commencing with
      the
      Termination Date and otherwise in accordance with the Employment Agreement.
      

    

    (b) CHD
      Meridian will suffer irreparable injury in the event of any material breach
      of
      this Section 6. The damages resulting from such injury will be incapable of
      being precisely measured and CHD Meridian will not have an adequate remedy
      at
      law to redress the harm that such damages may cause. Therefore, CHD Meridian
      has
      the rights and remedies of specific performance and injunctive relief, in
      addition to any other rights or remedies that may be available at law or in
      equity or under this Agreement, in respect of any failure, or threatened
      failure, on your part to comply with the provisions of this Section 6,
      including, but not limited to, temporary restraining orders and temporary
      injunctions to restrain any violation or threatened violation of this Section
      6.

     

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    7. CHD
      Meridian Property.
      Prior to
      the Termination Date, and as a condition to the payment by CHD Meridian of
      the
      payments described in Section 1(c), you must return to CHD Meridian all CHD
      Meridian property, including any laptop computer, presentation, software or
      other electronic device that you may have received from CHD Meridian or which
      were paid for by CHD Meridian.

    

    8. Business
      Goodwill.
      At all
      times following the date hereof, unless required by process of law or subpoena
      or to enforce the provisions of this Agreement, you will make no comments or
      take any other actions, direct or indirect, that will reflect adversely on
      CHD
      Meridian or its officers, directors, employees or agents in such capacity or
      adversely affect their business reputation or goodwill. At all times following
      the date hereof, CHD Meridian will make no comments or take any other actions,
      direct or indirect, that will reflect adversely on you or adversely affect
      your
      business reputation or goodwill. For a period of two years following the date
      hereof, you will reasonably cooperate with CHD Meridian in providing information
      that CHD Meridian reasonably requests and in taking such other action as CHD
      Meridian may reasonably request, including testifying in connection with any
      legal proceeding or matter relating to CHD Meridian, other than proceedings
      relating to the enforcement of this Agreement or other proceedings in which
      you
      are a named party whose interests are adverse to those of CHD Meridian. If
      CHD
      Meridian requests you to perform any of the obligations set forth in the
      previous sentence, CHD Meridian will pay you reasonable out-of-pocket expenses
      and compensate you, at least at the pro-rated rate provided for in this
      Agreement, for time spent.

    

    9. Governing
      Law; Arbitration. This
      Agreement and performance under it, and all proceedings that may ensue from
      its
      breach, will be construed in accordance with and under the laws of the State
      of
      Tennessee. Unless provided otherwise elsewhere in this Agreement, all
      proceedings that may ensue from the breach of this Agreement will be resolved
      through an arbitration proceeding conducted in Nashville, Tennessee, under
      the
      Commercial Arbitration Rules, Expedited Procedures, of the American Arbitration
      Association. Each party will pay half of the fees and expenses of arbitration
      as
      well as all of its own fees and expenses. The parties submit to the jurisdiction
      of the courts of the state courts of Tennessee located in Nashville for purposes
      of any actions or proceedings that may be required to enforce the final ruling
      of in the arbitration or other provision of this Agreement. 

    

    10. Miscellaneous.
      This
      Agreement and the agreements referenced in this Agreement constitute the entire
      agreement between the parties and cancel and supersede all other agreements
      and
      understandings, whether written or oral, between the parties, which may have
      related to the subject matter contained in this Agreement and your employment
      by
      CHD Meridian. 
      No
      modification, amendment or waiver of any provisions of this Agreement will
      be
      effective unless approved in writing by both parties. The failure at any time
      to
      enforce any of the provisions of this Agreement will in no way be construed
      as a
      waiver of such provisions and will not affect the right of either party
      thereafter to enforce each and every provision hereof in accordance with its
      terms. 
      Whenever
      possible, each provision of this Agreement will be interpreted in such manner
      as
      to be effective and valid under applicable law, but if any provision of this
      Agreement is held to be prohibited by or invalid under applicable law, such
      provision will be ineffective only to the extent of such prohibition or
      invalidity, without invalidating the remainder of such provision or the
      remaining provisions of this Agreement. Except as specifically modified herein,
      all agreements between the parties remain in full force and effect.

     

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    If
      this
      Agreement is acceptable to you, please indicate by signing in the space provided
      below.

    

    Sincerely,

    

    CHD
      MERIDIAN HEALTHCARE, LLC

    

    

    /s/
      R.
      Dixon Thayer

    

    R.
      Dixon
      Thayer

    Chief
      Executive Officer 

    

    

    Accepted,
      Acknowledged

    and
      Agreed to:

    

    

    /s/
      E.
      Stuart Clark

    _____________________________

    E.
      STUART
      CLARK

     

    Page 4
      of 4Exhibit 10.1 Contract Management Agreement

Exhibit 10.1

CONTRACT MANAGEMENT AGREEMENT

THIS AGREEMENT made as of the 1 day of August, 2000.

BETWEEN:

	
	
	
LOCATE TECHNOLOGIES INC., a company duly incorporated pursuant to the laws of the Province of Alberta (hereinafter called the "Company")

	

	

OF THE FIRST PART

	

 

	

- and -

	

	

	
	

706166 Alberta Ltd., a company in the Province of Alberta, (hereinafter called the "Executive")

	

	
OF THE SECOND PART

THIS AGREEMENT WITNESSETH that in consideration of the premises and of the covenants and agreements hereinafter contained, it is agreed by and between the parties as follows:

	1.       The Company will employ the Executive as President, the Executive will serve the Company in that capacity upon and subject to the terms and conditions herein contained.

	2.       The term of this Agreement shall be one (1) year commencing 1 August 2000 and ending at 5:00 p.m. on 31 July 2002 (the "Term"). The Term shall automatically renew for an additional one (1) year period on the same terms and conditions outlined herein, to maximum of three (4) renewal terms, unless, within ninety (90) days of the end of the Term (or any renewal thereof) either party provides notice that it does not desire to renew the Term.

	3.       The Executive shall during the Term perform those duties listed in Schedule A hereto and such other duties and directions as the Company shall from time to time assign to him (the "Duties"). During the Term, the Executive shall devote the whole of his time and attention as during normal business hours to his Duties and shall do all in his power to promote, develop and extend the business of the Company and its subsidiaries and related companies.

 

	4.       The salary of the Executive shall be U.S. $100,000 per annum payable in twelve (12) equal installments payable on the last day of each month during the Term. In addition, the Executive shall be granted an option to acquire 5,000,000 common shares of the Company at a price of $.00001 per share pursuant to the terms and conditions of a stock agreement in the form attached hereto as Schedule "B".

	5.       The Executive shall not, either during his employment hereunder or thereafter, except in the proper course of his Duties, or otherwise required by law, divulge to any person whomsoever, and shall use the Executive's best endeavors to prevent the publication or disclosure of:

	

 
	

(a) 
	

any confidential information concerning the business or finances of the Company or any other corporation for which he is directed to perform services hereunder or of any of their dealings, transactions or affairs which may come to the Executive's knowledge during or in the course of the Executive's employment; or

	

 
	

(b)
	

any trade secrets, knowhow, inventions, technology, designs, methods, formula, processes, copyrights, trademarks, trademark applications, patents, patent applications or any other proprietary information and/or data of the Company (hereinafter collectively called "Intellectual Property").

	6.       The Executive agrees with the Company that he will not at any time during his employment or while receiving salary from the Company and for a period of two (2) years following termination of employment for whatever cause or the cessation of payments made under or in connection with this Agreement to the Executive, whichever is the later event, compete with the Company, directly or indirectly, anywhere within the Province of Alberta and whether:

	

 
	

(a) 
	

as a principal, partner or employee;

	

 
	

(b) 
	

as an officer, director or similar official of any incorporated or unincorporated entity engaged in any such business (the "Other" or "Another Entity");

	
	

(c) 
	

as a consultant or advisor to any Other Entity;

	

 
	

(d) 
	

as a holder of shares of any Other Entity in such number which, together with all shares of such Other Entity which are subject to an agreement to or which in fact vote (or otherwise act) in concert with the Executive, exercise effective control of any such Other Entity;

	

 
	

(e) 
	

by canvassing or soliciting orders or business for any Other Entity; or in any relationship described in subsections (i) through (v) of this section with any incorporated or unincorporated entity which provides services for or necessarily incidental to the business of Another Entity;

 

 - 2 - 

	without the prior express written consent of the Company.

	7.       The Executive acknowledges and agrees that the duration and area within which the aforesaid covenant shall apply have been considered by the Executive who has taken independent legal advice with respect thereto and the restraint and restriction of and on the future activities of the Executive are reasonable in the circumstances.

	8.       In the event that:

	

 
	

(a) 
	

the Executive's employment is terminated for cause (as herein defined), the Company has the option to immediately terminate this Agreement, provided that notwithstanding such termination of this Agreement, the Executive shall not be relieved of his obligations under paragraphs 5 and 6 hereof, which obligations shall continue as provided in said paragraphs;

	

 
	

(b)
	

the Executive voluntarily resigns from the Company, he shall give, unless the Company decides that a shorter period of notice is more appropriate, two (2) months prior notice. After the expiry of such notice period, all obligations (except for the obligations of the Executive under paragraphs 5 and 6 hereof which shall continue as provided in said paragraphs) of the Company and the Executive under this Agreement shall cease;

	

 
	

(c)
	

the Executive dies or becomes physically or mentally disabled and therefore unable to perform his responsibilities, all obligations of the Company under this Agreement shall cease, in the case of death, immediately upon death and, in the case of physical or mental illness, sixty (60) days after such condition has first been determined;

	

 
	

(d)
	

the Executive is a director of the Company or of any subsidiary or related company of the Company, upon termination of this Agreement the Executive agrees to and shall and hereby resigns as a director and officer of the Company and of any subsidiary or related company of the Company;

	

 
	

(e)
	

the Executive resigns, retires or otherwise has his employment terminated, the Executive hereby authorizes the Company or any related company to set off against and deduct from all or any amounts owing to the Executive by the Company or any related company, any amounts owed by the Executive to the Company or any subsidiary or related company of the Company on any account whatsoever.

	9.       If the employment of the Executive is terminated for cause, the Executive agrees that the Company shall not be responsible for any salary in lieu of notice or damages after the date of termination.

 

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10.       The term "for cause" shall mean any one or more of the following:

	

 
	

(a)
	

a significant breach or failure or a continuing breach or failure to observe any of the provisions herein;

	

 
	

(b)
	

the bankruptcy of the Executive;

	

 
	

(c)
	

any act of dishonesty detrimental to the well-being of the Company;

	

 
	

(d) 
	

any act of gross negligence relating to performance of assigned responsibility;

	

 
	

(e)
	

the commission of an indictable offense for which the Executive is convicted, which significantly impairs the Executive's ability to perform his Duties and responsibilities hereunder or which materially adversely affects the reputation enjoyed by the Company;

	

 
	

(f)
	

failure to comply with reasonable instructions, orders and directions of the board of directors of the Company.

	11.       If the Executive contributes to any invention (whether patentable, patented or not) any Intellectual Property, or any improvement or modification to any invention or Intellectual Property, then the Executive's contribution thereto and the invention, Intellectual Property, or improvement thereof shall, without more, be the exclusive property of the Company. The Executive shall execute and all agreements, assurances or assignments which the Company may require and the Executive shall fully cooperate with the Company in the filing and prosecution of any patent applications.

	12.       This Agreement supersedes all previous written, verbal or implied terms, conditions and representations relating to the Executive's employment.

	13.       The failure of either party at any time to require strict performance by the other party of any provision hereof shall in no way affect the full right to require such performance at any time thereafter. Neither shall the waiver by either party of a breach of any provision hereof be taken or held to be a waiver of any succeeding breach of such provision or as a waiver of the provision itself.

	14.       Each paragraph, clause, sub-clause and provision of this Agreement shall be severable from each other and if for any reason any paragraph, clause, sub-clause or provision is invalid or unenforceable, such invalidity or unenforceability shall not prejudice or in any way affect the validity or enforceability of any other paragraph, clause, sub-clause or provision. This Agreement and each paragraph, clause, sub-clause and provision hereof shall be read and construed so as to give thereto the full effect thereof subject only to any contrary provision of the law to the intent that where this Agreement or any paragraph, clause, sub-clause or provision hereof would but for the provisions of this paragraph have been read and construed as being void or ineffective, it shall nevertheless be a valid agreement, paragraph, clause, subclause or provision, as the case may be, to the full extent to which it is not contrary to any provision of the law.

 

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	15.       This Agreement shall be construed and take effect in all respects in accordance with the laws for the time being in force in the Province of Alberta. The parties hereto submit to the non-exclusive jurisdiction of the Courts of Alberta in respect of any matter or thing arising out of this Agreement or pursuant thereto.

	16.       All notices to be given by either party hereto shall be personally delivered or delivered by fax to the following address or such other address as may be notified by either party.

	17.       If to the Company to:

	

	
Locate Technologies Inc.

	
	
#3, 9828-47 Avenue

	
 
	
Edmonton, AB T6E 5P3

	

 

	

 
	

Attention: Lorne Drever

	

 
	

Phone: (780) 408-2569 ext. 301

	

 
	

Fax: (780) 437-8173

	

 

	

with a copy to:

	

 

	

 
	

Bryan & Company

	

 
	

Barristers & Solicitors

	

 
	

2600, 10180 - 101 Street

	

 
	

Edmonton, Alberta T5J 3Y2

	

 

	

 
	

Attention: Kimberley D. Silverberg

	

 
	

Phone: (780) 421-4711

	

 
	

Fax: (780) 428-6324

 

 - 5 - 

	18.       If to the Executive to:

	

 
	

706166 Alberta Ltd.

	

 
	

4503 - 154 Street

	

 
	

Edmonton, AB T6H 5K6

	

 

	

 
	

Phone: (780) 940-7734

	

 
	

Fax: (780) 437-8173

	IN WITNESS WHEREOF the Company has caused this Agreement to be executed by its duly authorized officers and its corporate seal to be affixed hereto and the Executive has affixed his hand and seal personally.

	

Per: /s/ Lorne Drever

	

Per: ________________________

	

 

	

SIGNED, SEALED AND DELIVERED 
	

)
	

 

	

in the presence of:
	

)
	

 

	

 
	

)
	

 

	

Witness
	

)
	

/s/ Lorne Drever

	

 
	

)
	

706166 Alberta Ltd.

 

 

 

 

 

 

 

 - 6 - 

SCHEDULE A - Duties

1.       Provide corporate governance in all matters relating to Locate Technologies.

2.       Continually assess risk factors that relate to the ongoing business of the Company.

3.       Generate and create business and/or opportunities for the Company.

 

 

 

 

 

 

 

 

 

 

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SCHEDULE B - Terms & Conditions

1.       The company will deliver upon signing or otherwise mutually agreed upon time, 5,000,000,000 common shares. Subject to the terms and conditions of the registered Exchange.

 

 

 

 

 

 

 

 

 

 

 

 

 

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