Document:

Exhibit 10.17

April 21, 2005

Michael Clark

42225 N. Olympic

Fields Court

Anthem, AZ 85086

Dear Mike:

On behalf of MedQuist Inc. (the “Company”),
this Agreement describes your severance benefits should your employment with
the Company terminate pursuant to the conditions set out below.  For purposes of this Agreement, you are
referred to as the “Employee.”

1.             Employment
At-Will.  Nothing contained in this
Agreement is intended to create an employment relationship whereby Employee
will be employed other than as an “at-will” employee.  Employee’s employment by the Company may be
terminated by Employee or the Company at any time.

2.             Severance
Payments.  Employee’s employment by
the Company may be terminated at any time. 
Upon termination, Employee will be entitled to the payment of accrued
and unpaid salary through the date of such termination.  All salary, commissions and benefits will
cease at the time of such termination, subject to the terms of any benefit
plans then in force or enforceable under applicable law and applicable to
Employee, and the Company will have no further liability or obligation
hereunder by reason of such termination; provided, however, that if Employee’s
employment is terminated by the Company without Cause, Employee will be
entitled to continued payment of his base salary (at the rate in effect upon
termination), subject to applicable federal, state, and local income tax
deductions, for a period of 12 months to be paid in accordance with the Company’s
normal payroll process.  Notwithstanding
the foregoing, no amount will be paid or benefit provided under this paragraph
unless and until (x) Employee executes and delivers a general release of claims
against the Company and its subsidiaries in a form prescribed by the Company,
which will include, among other things, non-competition and non-solicitation
obligations for the duration of the severance period, and (y) such release
becomes irrevocable.  Any severance pay
or benefits provided under this paragraph will be in lieu of, not in addition to,
any other severance arrangement maintained by the Company.  No severance benefits will be paid in the
event that Employee resigns his employment with the Company; provided, however,
that Employee will be paid severance benefits if he tenders his written
resignation within 30 days following a substantial and material diminution of
his duties or a reduction in his base salary in excess of ten percent, which
diminution or reduction is not cured by the Company within 10 days of receiving
Employee’s written resignation.

3.             Termination for
Cause.  For purposes of this
Agreement, “Cause” means the occurrence of any of the following:  (1) Employee’s refusal, willful failure or
inability to perform (other than due to illness or disability) his employment
duties or to follow the lawful

 

 

directives of
his superiors; (2) misconduct or gross negligence by Employee in the course of
employment; (3) conduct of Employee involving any type of disloyalty to the
Company or its subsidiaries, including, without limitation: fraud,
embezzlement, theft or dishonesty in the course of employment; (4) a conviction
of or the entry of a plea of guilty or nolo contendere to a crime involving
moral turpitude or that otherwise could reasonably be expected to have an
adverse effect on the operations, condition or reputation of the Company, (5) a
material breach by Employee of any agreement with or fiduciary duty owed to the
Company; or (6) alcohol abuse or use of controlled drugs other than in
accordance with a physician’s prescription. 
No severance benefits will be paid in the event that the Company
terminates the Employee for Cause.

4.             Entire
Agreement; Amendment.  This Agreement
contains the entire agreement and understanding of the parties hereto relating
to the subject matter hereof.  This
Agreement may not be changed or modified, except by an agreement in writing
signed by each of the parties hereto.

5.             Governing Law.  This Agreement shall be governed by, and
enforced in accordance with, the laws of the State of New Jersey without regard
to the application of the principles of conflicts of laws.

To acknowledge your agreement to and acceptance of the
terms and conditions of this Agreement, please sign below in the space provided
within 5 days of the date of this Agreement and return a singed copy to my
attention.  If the Agreement is not
signed and returned within 5 days, the terms and conditions of this Agreement
will be deemed withdrawn.

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  MEDQUIST
  INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank Lavelle

  	
   

  

 

Accepted and Agreed:

	
  /s/ Michael Clark

  	
   

  
	
  Michael Clark

  

 

 2Exhibit 10.18

April 21, 2005

Mark R. Sullivan

432 Oldershaw Avenue

Moorestown, NJ 08057

Dear Mark:

On behalf of MedQuist Inc. (the “Company”),
this Agreement describes your severance benefits should your employment with
the Company terminate pursuant to the conditions set out below.  For purposes of this Agreement, you are
referred to as the “Employee.”

1.             Employment
At-Will.  Nothing contained in this
Agreement is intended to create an employment relationship whereby Employee
will be employed other than as an “at-will” employee.  Employee’s employment by the Company may be
terminated by Employee or the Company at any time.

2.             Severance
Payments.  Employee’s employment by
the Company may be terminated at any time. 
Upon termination, Employee will be entitled to the payment of accrued
and unpaid salary through the date of such termination.  All salary, commissions and benefits will
cease at the time of such termination, subject to the terms of any benefit
plans then in force or enforceable under applicable law and applicable to
Employee, and the Company will have no further liability or obligation
hereunder by reason of such termination; provided, however, that if Employee’s
employment is terminated by the Company without Cause, Employee will be
entitled to continued payment of his base salary (at the rate in effect upon
termination), subject to applicable federal, state, and local income tax
deductions, for a period of 12 months to be paid in accordance with the Company’s
normal payroll process.  Notwithstanding
the foregoing, no amount will be paid or benefit provided under this paragraph
unless and until (x) Employee executes and delivers a general release of claims
against the Company and its subsidiaries in a form prescribed by the Company,
which will include, among other things, non-competition and non-solicitation
obligations for the duration of the severance period, and (y) such release
becomes irrevocable.  Any severance pay
or benefits provided under this paragraph will be in lieu of, not in addition
to, any other severance arrangement maintained by the Company.  No severance benefits will be paid in the
event that Employee resigns his employment with the Company; provided, however,
that Employee will be paid severance benefits if he tenders his written resignation
within 30 days following a substantial and material diminution of his duties or
a reduction in his base salary in excess of ten percent, which diminution or
reduction is not cured by the Company within 10 days of receiving Employee’s
written resignation.

3.             Termination for
Cause.  For purposes of this
Agreement, “Cause” means the occurrence of any of the following:  (1) Employee’s refusal, willful failure or
inability to perform (other than due to illness or disability) his employment
duties or to follow the lawful directives of his superiors; (2) misconduct or
gross negligence by Employee in the course of

 

 

employment;
(3) conduct of Employee involving any type of disloyalty to the Company or its
subsidiaries, including, without limitation: fraud, embezzlement, theft or
dishonesty in the course of employment; (4) a conviction of or the entry of a
plea of guilty or nolo contendere to a crime involving moral turpitude or that
otherwise could reasonably be expected to have an adverse effect on the operations,
condition or reputation of the Company, (5) a material breach by Employee of
any agreement with or fiduciary duty owed to the Company; or (6) alcohol abuse
or use of controlled drugs other than in accordance with a physician’s
prescription.  No severance benefits will
be paid in the event that the Company terminates the Employee for Cause.

4.             Entire
Agreement; Amendment.  This Agreement
contains the entire agreement and understanding of the parties hereto relating
to the subject matter hereof.  This
Agreement may not be changed or modified, except by an agreement in writing
signed by each of the parties hereto.

5.             Governing Law.  This Agreement shall be governed by, and
enforced in accordance with, the laws of the State of New Jersey without regard
to the application of the principles of conflicts of laws.

To acknowledge your agreement to and acceptance of the
terms and conditions of this Agreement, please sign below in the space provided
within 5 days of the date of this Agreement and return a singed copy to my
attention.  If the Agreement is not
signed and returned within 5 days, the terms and conditions of this Agreement
will be deemed withdrawn.

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  MEDQUIST
  INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank Lavelle

  	
   

  

 

Accepted and Agreed:

	
  /s/ Mark Sullivan

  	
   

  
	
  Mark Sullivan

  

 

 2Exhibit 10.19

May 27, 2005

Mr. Mark Ivie

19405 Saint James Road

Brookfield, WI 53045

Dear Mark:

On behalf of MedQuist Inc. (the “Company”),
this Agreement describes the terms of your new employment as the Company’s
Chief Technology Officer, which must commence on a date mutually agreed to in
writing by you and the Company (the “Employment Commencement Date”).  For purposes of this Agreement, you are
referred to as the “Employee.” Other capitalized terms used in this
Agreement have the meanings defined in Section 7, below.

1.             Term.  The Company shall employ Employee hereunder
for a three (3) year term commencing on the Employment Commencement Date hereof
(the “Term”), which Term will be automatically extended for additional
one (1) year periods beginning on the third anniversary of the Employment
Commencement Date and upon each subsequent anniversary thereof unless either
party provides the other party with at least ninety (90) days prior written
notice of its intention not to renew this Agreement unless terminated earlier
pursuant to Sections 3 or 5 of this Agreement.

2.             Consideration.

a.             Compensation.  As consideration for all services rendered by
Employee to the Company and for the Covenants contained herein, Employee will
be entitled to:

(1)           base
salary at an annual rate of $225,000;

(2)           signing
bonus of $50,000 to be paid within thirty (30) days of Employment Commencement
Date.

(3)           participate
in MedQuist’s Management Bonus Plan for 2005. 
Your target bonus in this plan will be 40% of your base salary for 2005
and following years; provided, however that your bonus for 2005 shall be
prorated based upon your Employment Commencement Date.  The target bonus is the payment amount that
the Employee shall be eligible to receive if the Company and Employee both attain
the pre-established bonus plan target objectives.  The actual bonus award may be higher or lower
than the target bonus amount based upon achievement of the objectives by
Employee and the Company.  Management
Bonus Plan target objectives shall be developed on or before February 28th of
each year of the Management Bonus Plan;

(4)           participate
in the same employee benefit plans available generally to other full-time
employees of the Company, subject to the terms of those plans (as the same may
be modified, amended or terminated from time to time); (benefits information
package enclosed);

 

 

(5)           receive
relocation support in accordance with the Company Relocation Policy (policy
enclosed).  This relocation policy will
be in effect for the first 12 months of your employment;

(6)           if
Employee’s employment is terminated by the Company without Cause, the severance
pay and benefits described below in Section 5.

b.             Long
Term Incentives.  In addition, from
time to time, the Board may review the performance of the Company and Employee
and, in its sole discretion, may grant stock options, shares of restricted
stock or other equity-based incentives to Employee to reward extraordinary
performance and/or to encourage Employee’s future efforts on behalf of the
Company.  The grant of any such equity
incentives will be subject to the terms of the Company’s equity-based plans and
will be evidenced by a separate award agreement by and between the Company and
Employee.

(1)           Upon
joining MedQuist, you will become entitled to a special stock option grant of
60,000 shares of non-qualified stock options (“Special Option Grant”) to
purchase Company common stock, no par value (“Common Stock”), pursuant
to the Company’s Stock Option Plan adopted May 29, 2002 (the “Option Plan”).  The grant date of the Special Option Grant
will occur on the later of (i) the date the Company becomes current in its
reporting obligations under the Securities Exchange Act of 1934; or (ii) the
first date thereafter when the Form S8 Registration Statement for the Option
Plan complies with the requirement of the Securities Exchange Commission
provided that you are still an employee on the grant date.  The option price for the Special Option Grant
shall be equal at least to the fair market value of the Company’s Common Stock
as of the grant date.  The Special Option
Grant will be subject to all of the terms and conditions of the Option Plan and
the Stock Option Agreement that will be issued if and when the grant becomes
effective.  Your right to exercise the
option will vest in equal 20% installments on each of the first five (5)
anniversaries of the grant date.  In the
event of a “Change of Control” (as defined below) of the Company while you are
an employee, your Special Option Grant may, from and after the date which is
six months after the Change of Control (but not beyond the expiration date of
the option), be exercised for up to 100% of the total number of shares then
subject to the Special Option Grant minus the number of shares previously
purchased upon exercise of such option (as adjusted for any change in the
outstanding shares of the Common Stock of the Company in accordance with the
terms of the Option Plan) and your vesting date will accelerate
accordingly.  A “Change of Control” shall
be deemed to have occurred upon the happening of any of the following events:

(i)            A
change within a twelve-month period in the holders of more than 50% of the
outstanding voting stock of the Company; or

(ii)           Any
other event deemed to constitute a “Change of Control” by the Company’s Board
of Directors.

(2)           Contingent
upon Employee’s continued attainment of performance objectives, the Company
agrees to deliver a long term incentive value of $60,000 annually through one
of the following, as determined in the Company’s sole discretion:  (i) a stock option grant pursuant to the
Option Plan, (ii) a restricted stock grant or (iii) a cash-based

 2
 

 

 

long term incentive program to be developed.  The long term incentive value of Company
stock will be calculated based on an industry accepted stock valuation
methodology.

(3)           Employment-At-Will.  Nothing contained in this Agreement is
intended to create an employment relationship whereby Employee will be employed
other than as an “at-will” employee. 
Employee’s employment by the Company may be terminated by Employee or
the Company at any time; provided, however, that while employed by the Company,
the terms and conditions of Employee’s employment by the Company will be as
herein set forth; and provided further, that Section 4 of this Agreement
will survive the termination of Employee’s employment.

3.             Covenants.

a.             Non-Solicitation.  While employed by the Company and for the
eighteen (18) month period following the cessation of that employment for any
reason (and without regard to whether such cessation was initiated by Employee
or the Company), Employee will not do any of the following without the prior
written consent of the Company:

(1)           solicit,
entice or induce, either directly or indirectly, any person, firm or
corporation who or which is a client or customer of the Company or any of its
subsidiaries to become a client or customer of any other person, firm or
corporation;

(2)           influence
or attempt to influence, either directly or indirectly, any customer of the
Company or its subsidiaries to terminate or modify any written or oral
agreement or course of dealing with the Company or its subsidiaries (except in
Employee’s capacity as an employee of the Company); or

(3)           influence
or attempt to influence, either directly or indirectly, any person to terminate
or modify any employment, consulting, agency, distributorship, licensing or
other similar relationship or arrangement with the Company or its subsidiaries
(except in Employee’s capacity as an employee of the Company).

b.             Non-Disclosure.  Employee shall not use for Employee’s
personal benefit, or disclose, communicate or divulge to, or use for the direct
or indirect benefit of any person, firm, association or company other than
Company, any “Confidential Information,” which term shall mean any
information regarding the business methods, business policies, policies,
procedures, techniques, research or development projects or results, historical
or projected financial information, budgets, trade secrets, or other knowledge
or processes of, or developed by, Company or any other confidential information
relating to or dealing with the business operations of Company, made known to
Employee or learned or acquired by Employee while in the employ of Company, but
Confidential Information shall not include information otherwise lawfully known
generally by or readily accessible to the general public.  The foregoing provisions of this subsection
shall apply during and after the period when the Employee is an employee of the
Company and shall be in addition to (and not a limitation of) any legally
applicable protections of Company interest in confidential information, trade
secrets, and the like.  At the
termination of Employee’s employment with Company, Employee shall return to the

 3
 

 

 

Company all copies of Confidential Information in any medium, including
computer tapes and other forms of data storage.

c.             Non-Competition.  While employed by the Company and for the
eighteen (18) month period following the cessation of that employment for any
reason (and without regard to whether such cessation was initiated by Employee
or the Company), Employee shall not directly or indirectly engage in (as a
principal, shareholder, partner, director, officer, agent, employee, consultant
or otherwise) or be financially interested in any business which is involved in
business activities which are the same as or in direct competition with
business activities carried on by the Company, or being definitively planned by
the Company at the time of termination of Employee’s employment.  Nothing contained in this subsection shall
prevent Employee from holding for investment up to three percent (3%) of any
class of equity securities of a company whose securities are publicly traded on
a national securities exchange or in a national market system.

d.             Intellectual
Property & Company Creations.

(1)           Ownership.  All right, title and interest in and to any
and all ideas, inventions, designs, technologies, formulas, methods, processes,
development techniques, discoveries, computer programs or instructions (whether
in source code, object code, or any other form), computer hardware, algorithms,
plans, customer lists, memoranda, tests, research, designs, specifications,
models, data, diagrams, flow charts, techniques (whether reduced to written
form or otherwise), patents, patent applications, formats, test results,
marketing and business ideas, trademarks, trade secrets, service marks, trade
dress, logos, trade names, fictitious names, brand names, corporate names,
original works of authorship, copyrights, copyrightable works, mask works,
computer software, all other similar intangible personal property, and all
improvements, derivative works, know-how, data, rights and claims related to
the foregoing that have been or are conceived, developed or created in whole or
in part by the Employee (a) at any time and at any place that relates directly
or indirectly to the business of the Company, as then operated, operated in the
past or under consideration or development or (b) as a result of tasks assigned
to Employee by the Company (collectively, “Company Creations”), shall be and
become and remain the sole and exclusive property of the Company and shall be
considered “works made for hire” as that term is defined pursuant to applicable
statutes and law.

(2)           Assignment.  To the extent that any of the Company
Creations may not by law be considered a work made for hire, or to the extent
that, notwithstanding the foregoing, Employee retains any interest in or to the
Company Creations, Employee hereby irrevocably assigns and transfers to the
Company any and all right, title, or interest that Employee has or may have,
either now or in the future, in and to the Company Creations, and any
derivatives thereof, without the necessity of further consideration.  Employee shall promptly and fully disclose all
Company Creations to the Company and shall have no claim for additional
compensation for Company Creations.  The
Company shall be entitled to obtain and hold in its own name all copyrights,
patents, trade secrets, trademarks, and service marks with respect to such
Company Creations.

(3)           Disclosure
& Cooperation.  Employee shall
keep and maintain adequate and current written records of all Company Creations
and their development

 4
 

 

 

by Employee (solely or jointly with others), which records shall be
available at all times to and remain the sole property of the Company.  Employee shall communicate promptly and
disclose to the Company, in such form as the Company may reasonably request,
all information, details and data pertaining to any Company Creations.  Employee further agrees to execute and
deliver to the Company or its designee(s) any and all formal transfers and
assignments and other documents and to provide any further cooperation or
assistance reasonably required by the Company to perfect, maintain or otherwise
protect its rights in the Company Creations. 
Employee hereby designates and appoints the Company or its designee as
Employee’s agent and attorney-in-fact to execute on Employee’s behalf any
assignments or other documents deemed necessary by the Company to perfect,
maintain or otherwise protect the Company’s rights in any Company Creations.

e.             Acknowledgments.  Employee acknowledges that the Covenants are
reasonable and necessary to protect the Company’s legitimate business interests,
its relationships with its customers, its trade secrets and other confidential
or proprietary information.  Employee
further acknowledges that the duration and scope of the Covenants are
reasonable given the nature of this Agreement and the position Employee holds
or will hold within the Company. 
Employee further acknowledges that the Covenants are included herein to
induce the Company to enter into this Agreement and that the Company would not
have entered into this Agreement or otherwise employed or continued to employ
the Employee in the absence of the Covenants. 
Finally, Employee also acknowledges that any breach, willful or
otherwise, of the Covenants will cause continuing and irreparable injury to the
Company for which monetary damages, alone, will not be an adequate remedy.

f.              Enforcement.

(1)           If
any court determines that the Covenants, or any part thereof, is unenforceable
because of the duration or scope of such provision, that court will have the
power to modify such provision and, in its modified form, such provision will
then be enforceable.

(2)           The
parties acknowledge that significant damages will be caused by a breach of any
of the Covenants, but that such damages will be difficult to quantify.  Therefore, the parties agree that if Employee
breaches any of the Covenants, liquidated damages will be paid by Employee in
the following manner:

(i)            any
Company stock options, stock appreciation rights, restricted stock units or
similar equity incentives then held by Employee, whether or not then vested,
will be immediately and automatically forfeited;

(ii)           any
shares of restricted stock issued by the Company, then held by Employee or her
permitted transferee and then subject to forfeiture will be immediately and
automatically forfeited; and

(iii)          any
obligation of the Company to provide severance pay or benefits (whether
pursuant to Section 5 or otherwise) will cease.

 5
 

 

 

(3)           In
addition to the remedies specified in Section 4(f)(2) and any other
relief awarded by any court, if Employee breaches any of the Covenants:

(i)            Employee
will be required to account for and pay over to the Company all compensation,
profits, monies, accruals, increments or other benefits derived or received by
Employee as a result of any such breach; and

(ii)           the
Company will be entitled to injunctive or other equitable relief to prevent
further breaches of the Covenants by Employee.

(4)           If
Employee breaches Section 4, then the duration of the restriction
therein contained will be extended for a period equal to the period that
Employee was in breach of such restriction.

4.             Termination.  Employee’s employment by the Company may be
terminated at any time.  Upon
termination, Employee will be entitled to the payment of accrued and unpaid
salary through the date of such termination. 
All salary, commissions and benefits will cease at the time of such
termination, subject to the terms of any benefit plans then in force or
enforceable under applicable law and applicable to Employee, and the Company
will have no further liability or obligation hereunder by reason of such
termination; provided, however, that subject to Section 4(f)(2)(iii), if
Employee’s employment is terminated by the Company without Cause, Employee will
be entitled to (a) continued payment of his base salary (at the rate in effect
upon termination) for a period of 12 months; (b) a payment equal to the average
of the last three bonuses from the MedQuist Management Bonus Plan received by
Employee.  In the event that there are
not three full years of employment, then the average of the last two years will
apply.  If less than two years, the
target bonus will be paid; and notwithstanding the foregoing, no amount will be
paid or benefit provided under this Section 5 unless and until (x)
Employee executes and delivers a general release of claims against the Company
and its subsidiaries in a form prescribed by the Company, and (y) such release
becomes irrevocable.  Any severance pay
or benefits provided under this Section 5 will be in lieu of, not in
addition to, any other severance arrangement maintained by the Company.

5.             Miscellaneous.

a.             Other
Agreements.  Employee represents and
warrants to the Company that there are no restrictions, agreements or
understandings whatsoever to which he is a party that would prevent or make unlawful
her execution of this Agreement, that would be inconsistent or in conflict with
this Agreement or Employee’s obligations hereunder, or that would otherwise
prevent, limit or impair the performance by Employee of his duties to the
Company.

b.             Entire
Agreement; Amendment.  This Agreement
contains the entire agreement and understanding of the parties hereto relating
to the subject matter hereof, and merges and supersedes all prior and
contemporaneous discussions, agreements and understandings of every nature
relating to the employment of Employee by the Company.  This Agreement may not be changed or
modified, except by an agreement in writing signed by each of the parties
hereto.

 6
 

 

 

c.             Waiver.  Any waiver of any term or condition hereof
will not operate as a waiver of any other term or condition of this
Agreement.  Any failure to enforce any
provision hereof will not operate as a waiver of such provision or of any other
provision of this Agreement.

d.             Governing
Law.  This Agreement shall be
governed by, and enforced in accordance with, the laws of the State of New
Jersey without regard to the application of the principles of conflicts of
laws.

e.             Severability.  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 invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or the effectiveness or validity of any provision in any
other jurisdiction, and this Agreement will be reformed, construed and enforced
in such jurisdiction as if such invalid, illegal or unenforceable provision had
never been herein contained.

f.              Wage
Claims.  The parties intend that all
obligations to pay compensation to Employee be obligations solely of the
Company.  Therefore, intending to be
bound by this provision, Employee hereby waives any right to claim payment of
amounts owed to her, now or in the future, from directors or officers of the
Company in the event of the Company’s insolvency.

g.             Successors
and Assigns.  This Agreement is
binding on the Company’s successors and assigns.

h.             Section
Headings.  The section headings in
this Agreement are for convenience only; they form no part of this Agreement
and will not affect its interpretation.

i.              Counterparts.  This Agreement may be executed in multiple
counterparts, each of which will be deemed to be an original and all of which
together will constitute but one and the same instrument.

6.             Definitions.  Capitalized terms used herein will have the
meanings below defined:

a.             “Business”
means electronic transcription services and other health information management
solutions services businesses in which the Company or its subsidiaries are
engaged anywhere within the United States.

b.             “Cause”
means the occurrence of any of the following: 
(1) Employee’s refusal, willful failure or inability to perform
(other than due to illness or disability) her employment duties or to follow
the lawful directives of her superiors; (2) misconduct or gross negligence
by Employee in the course of employment; (3) conduct of Employee involving any
type of disloyalty to the Company or its subsidiaries, including, without
limitation: fraud, embezzlement, theft or dishonesty in the course of
employment; (4) a conviction of or the entry of a plea of guilty or nolo
contendere to a crime involving moral

 7
 

 

 

turpitude or that otherwise could reasonably be expected to have an
adverse effect on the operations, condition or reputation of the Company, (5) a
material breach by Employee of any agreement with or fiduciary duty owed to the
Company; or (6) alcohol abuse or use of controlled drugs other than in
accordance with a physician’s prescription.

c.             “Covenants”
means the covenants set forth in Section 4 of this Agreement.

To acknowledge your agreement to and acceptance of the
terms and conditions of this Agreement, please sign below in the space provided
within five (5) days of the date of this Agreement and return a signed copy to
my attention.  If the Agreement is not
signed and returned within (5) days, the terms and conditions of this Agreement
will be deemed withdrawn.

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  MEDQUIST
  INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank W.
  Lavelle

  	
   

  
	
   

  	
   

  	
  Frank W. Lavelle

  	
   

  
	
   

  	
   

  	
  President

  	
   

  

 

Accepted and Agreed:

	
  /s/ Mark Ivie

  	
   

  
	
  Mark Ivie

  

 

 8

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