Document:

exhibit1031.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.31

January 4, 2009

Board of Directors 

Borders Group, Inc. 

c/o Thomas D. Carney, Secretary 

100 Phoenix Drive 

Ann Arbor, MI 48108

Dear Tom:

I am submitting my resignation, effective immediately, as: (i) an executive officer of Borders Group, Inc., (the “Company”), and (ii) an officer and director of all subsidiaries and affiliates of the Company in which I serve as an officer or director.

This will confirm that, unless I voluntarily terminate my employment before April 10, 2009: (i) subject to the mitigation and other provisions of my agreement with the Company dated April 29, 2008, my severance benefit will be 18 months rather than 12 months, and (ii) I will be entitled to the retention and special bonuses as previously communicated to me and the vesting of restricted shares that vest by their terms prior to such date.

Sincerely,

/s/ Edward Wilhelm

Edward Wilhelm

The forging terms are agreed to and confirmed.

Borders Group, Inc.

By: /s/ Daniel T. Smith 

      Daniel T. Smith, Executive Vice Presidentex10-1.htm

    

     

    Exhibit
10.1

     

    
      	
              Hong
      Kong Winalite Group, Inc.

               

              Rooms
      606, 6th Floor, Ginza Plaza, No. 2A Sai Yeung Choi Street South, Kowloon,
      Hong Kong

            

    

     

    Jan 1,
2009

     

     

    Dear Dr. Hongxiang Gao
,

     

     

    We have the
pleasure to offer you the position of   
Director and CEO   with Hong Kong Winalite Group, Inc.
('the Company') commencing on   Jan 1st,
2009    .

     

     

    This letter will
serve as your letter of employment with the following terms and
conditions:

     

     

    1.  Probation
Period

     

     

    Your probation
period will be normally   1 month 
. The Company may confirm your employment after assessment of your job
performance during or right after the probation period. A separate notification
letter for confirmation will be issued.

     

     

    2.  Compensation

     

     

    Base Salary:
   HKD
100,0000     per month payable by
10th
of the following month.

     

     

    3.  Staff
Benefit

     

     

    You will be
entitled to join the Staff Benefit Plans according to your years of service
and/or the pre-assigned criteria by the Company. The details of the benefit
plans will be stated in the Employment Handbook or relevant
booklet(s)/information which passed to you separately. The Company may review or
amend the benefit plans from time to time at its discretion and will keep you
informed by Human Resources Team if any change(s).

     

     

    4.  Resignation/Termination of
Employment

     

     

    During the first
week of your probation period, your employment could be terminated at any time
by the Company or by you without written notice or payment in lieu. After the
first week of your probation period and before employment confirmation, seven days' written
notice or payment in lieu is required by either parties in case of
termination of employment. Upon confirmation and an official letter being
issued, the employment could be terminated by either parties by   1 
 month(s) written notice or payment in lieu.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    The Company may
at any time terminate this Agreement without notice or payment in lieu if 
you:

     

    
      	 	
              ·

            	
              Willfully
      disobey a lawful and reasonable order of the Company;

            
	 	 	 
	 	
              ·

            	
              Act in
      serious, willful or persistent breach of your responsibilities or
      Company's policies;

            
	 	 	 
	 	
              ·

            	
              Are guilty
      of fraud, dishonesty or any criminal act or act made a false statement in
      your application for employment;

            
	 	 	 
	 	
              ·

            	
              Are guilty
      of misappropriation of Company funds;

            
	 	 	 
	 	
              ·

            	
              Is
      habitually late or absent without permission and unable to give a
      satisfactory explanation or overstays leave without
      permission;

            
	 	 	 
	 	
              ·

            	
              Become
      bankrupt or makes any arrangements or composition with your creditors or
      becomes of unsound mind or permanently incapacitated from performing your
      duties;

            
	 	 	 
	 	
              ·

            	
              Has other
      employment that has not been disclosed to the Company in circumstances
      that are detrimental to the interests of the
  Company.

            

    

     

    5.  Confidentiality

     

     

    Your attention is
drawn to the confidential nature of the Company's business and at all times you
are required to maintain such confidentially. During this Agreement or at any
time thereafter without the consent in writing of the Company being first
obtained, you shall not use for your own account or divulge to any person, firm
or company any information concerning the business, products, know-how,
technology, accounts, finances, clients or customers of the Company or any of
the secrets, dealings, transactions or affairs of the Company and upon
termination of this Agreement, you shall surrender to the Company all original
and copy documents, files, letters, computer files, samples or other items
relation to any matter aforesaid.

     

     

    6.  Exclusion From Other
Business

     

     

    You must not
during your employment with the Company directly or indirectly engage or concern
in the conduct of any business other than the Company's business unless an
advanced written consent by the Company.

     

     

    7.  Conflict of
Interest

     

     

    Whilst under the
Company's employment, you may not associate in the business with Winalite
distributors nor hold a distributorship with Winalite. You may not be associated
as an advisor for other Multi-Level Marketing Companies. Should you already hold
a distributorship with other Multi-Level Marketing Companies, you must disclose
this interest to the Company. A conflict of interest, which is deliberate or
pursued knowingly, is regarded as serious misconduct and may result in summary
dismissal.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    8.  Rules &
Regulations

     

     

    In addition to
the terms and conditions in this letter, you shall observe and abide by all
other existing rules and regulations of the Company, including any addition and
revision as laid down by the Company form time to time.

     

     

    9.  Modification of
Terms

     

     

    Any terms of the
Agreement may be modified by the mutual agreement of the parties and / or by any
change in the standard Company's Rules and Regulations applicable to you during
your employment with the Company.

     

     

    10.  Applicable
Law

     

     

    The contract of
employment shall be subject to the laws of Hong Kong. Any dispute concerning the
contract shall be submitted to the competent Hong Kong court to the exclusion of
all other jurisdictions.  

     

     

    Please sign the
original copies of this letter and return one copy to the Company indicating
your acceptance of this offer.

     

     

    Yours
Sincerely,

     

     

    Hong
Kong Winalite Group, Inc.

     

     

    /s/ Jingjun
Hu

    ___________________________________

    Representative:
Jingjun Hu

     

     

    Agreed
and accepted by:

     

     

    /s/ Hongxing
Gao

    ___________________________________

    Hongxing
GaoExhibit 10.1

 

 

 

 

December 31, 2008

 

Myla P. Lai-Goldman, M.D.

Executive Vice President and Chief Medical Officer

Laboratory Corporation of America Holdings 

531 South Spring Street 

Burlington, North Carolina 27215 

 

Dear Myla: 

 

This Letter Agreement confirms that Laboratory Corporation of America Holdings (the “Company”) has requested that you provide consulting services following the termination of your employment as Executive Vice President and Chief Medical Officer to assist the Company during a transition period.  This will also confirm that you have expressed a willingness to provide consulting services subject to the terms and conditions set forth below: 

 

	
            1.
 	
            Consulting Services
 

 

Effective December 31, 2008 (the “Effective Date”), by mutual agreement, you will retire as Executive Vice President and Chief Medical Officer of the Company.  As of the Effective Date, the Company agrees to engage you to serve as a consultant to the Company in a non-employee capacity, and you agree to serve the Company, during the Term, and subject to the terms and conditions set forth in this Letter Agreement.  

 

	
            2.
 	
            Term
 

 

The term of this Letter Agreement shall begin on January 1, 2009 and continue until April 30, 2009 (the “Term”).  

 

	
            3.
 	
            Duties
 

 

Your duties shall include providing consulting advice and assistance in matters referred to the office of the Chief Medical Officer; providing input and guidance in other medical, quality control/quality assurance, and business 

 

Myla P. Lai-Goldman, M.D.

December 31, 2008

Page 2 of 3

 

 

 

development matters including, as appropriate, participating in meetings and site visits; and other matters as mutually agreed with the Company. 

 

	
            4.
 	
            Time Commitment
 

 

You will be expected to spend ten (10) hours each month during the Term providing consulting services.   

 

	
            5.
 	
            Professional Liability Insurance
 

 

During the Term, the Company agrees to provide insurance/malpractice coverage under the Company’s professional liability insurance program to defend any lawsuit arising out of or relating to your performance of services under this Letter Agreement.

 

	
            6.
 	
            Office Expense Reimbursement
 

 

The Company will provide office and administrative support during the Term, as needed by you to carry out the duties hereunder. 

 

	
            7.
 	
            Travel and Entertainment Expenses
 

 

You shall be reimbursed for reasonable business expenses, including travel and entertainment expenses, incurred in connection with your performance of consulting services to the Company during the Term.  The Company’s normal reimbursement policies will apply to these reimbursements. 

 

	
            8.
 	
            Consulting Fees
 

 

You shall receive $5,000 per month for the consulting services provided in connection with this Letter Agreement.  In the event that your services exceed ten (10) hours in any one month, you shall be compensated at a rate of $450.00 per hour for any hour(s) in excess of ten (10) hours.  You should track any excess hours for submission via a written invoice.  You expressly recognize and agree that the consulting fees paid under this Letter Agreement shall not be deemed to be a payment of any wage and, therefore, are not subject to any Federal, State, or local wage and/or withholding taxes.  You acknowledge and agree that you will be responsible for the payment of any and all taxes owed on monies paid under this Letter Agreement.

 

	
            9.
 	
            Transition Plan
 

 

This Letter Agreement is intended to be independent and in addition to the terms (including, but not limited to, any restrictive covenants) that you previously agreed to by an agreement dated May 24, 2004 in connection with  

 

Myla P. Lai-Goldman, M.D.

December 31, 2008

Page 3 of 3

 

 

 

your appointment as an Executive Officer of the Company.  Accordingly, this Letter Agreement shall not amend, modify, or toll such terms, which shall remain in full force and effect.  

 

	
            10.
 	
            Confidentiality
 

Except in the course of performance of the services required to be performed hereunder, you shall not at any time, directly or indirectly through another person or entity, disclose any information related to or concerning the Company or its business practices that is not readily available to the public or those in the trade or business of commercial medical testing services.

	
            11.
 	
            Termination
 

Either party may terminate this Letter Agreement upon 30 days prior written notice.  This Letter Agreement will terminate on your death or your disability, which means your incapacity due to physical or mental illness such that you are unable to perform the essential functions of your duties under this Letter Agreement. 

The Company very much appreciates your agreement to provide the consulting services outlined above to help assure a smooth and successful transition.  Please sign a copy of this letter in the space provided below to indicate your agreement to the terms and conditions set forth above. 

 

Very truly yours,

 

/s/ David P. King

David P. King

Chief Executive Officer

 

AGREED AND ACCEPTED:

 

	
            /s/ Myla Lai-Goldman  
 

Myla P. Lai-Goldman, M.D.

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