Document:

EXHIBIT 4.16

EIGHTH SUPPLEMENTAL INDENTURE

This Eighth Supplemental Indenture, dated as of November 9, 2006 (this “Supplemental
Indenture” or “Guarantee”), among Northwest Diagnostic Imaging,
Inc., a Georgia corporation (the “New  Guarantor”), MedQuest, Inc.,
a Delaware corporation (together with its successors and assigns, the “Company”),
MQ Associates, Inc., a Delaware corporation (“Holdings”), the
subsidiaries of the Company party to the Indenture (as hereinafter defined)
(the “Subsidiary Guarantors”) and The Bank of New York, as trustee (the “Trustee”),
under the Indenture referred to below.

W I T N E S S E T H

WHEREAS, the Company, Holdings, the Subsidiary
Guarantors and the Trustee have heretofore executed and delivered an Indenture,
dated as of August 15, 2002 (as amended, supplemented, waived or otherwise
modified, the “Indenture”), providing for the issuance of an aggregate
principal amount of $180,000,000 of 117⁄8% Senior Subordinated Notes due
2012 of the Company (the “Securities”);

WHEREAS, Section 3.12 of the Indenture requires
the Company to cause each Domestic Restricted Subsidiary created or acquired by
the Company or one or more of its subsidiaries to execute and deliver to the
Trustee a supplemental indenture, pursuant to which such Domestic Restricted
Subsidiary will unconditionally guarantee, on a joint and several basis, the
full and prompt payment of the principal of, premium, if any, and interest on
the Securities on a senior subordinated basis; and

WHEREAS, pursuant to Section 9.1 of the
Indenture, the Trustee, the Company, Holdings and the Subsidiary Guarantors are
authorized to execute and deliver this Supplemental Indenture to amend the
Indenture, without the consent of any Securityholder;

NOW, THEREFORE, in consideration of the foregoing and
for other good and valuable consideration, the receipt of which is hereby
acknowledged, the New Guarantor, the Company, Holdings, the Subsidiary
Guarantors and the Trustee mutually covenant and agree for the equal and
ratable benefit of the Holders of the Securities as follows:

1.             CAPITALIZED
TERMS.  Capitalized terms used herein
without definition shall have the meanings assigned to them in the Indenture.

2.             AGREEMENT
TO BE BOUND.  The New Guarantor hereby
becomes a party to the Indenture as a Subsidiary Guarantor and as such will
have all of the rights and be subject to all of the obligations and agreements
of a Subsidiary Guarantor under the Indenture. 
The New Guarantor agrees to be bound by all of the provisions of the
Indenture applicable to a Subsidiary Guarantor and to perform all of the
obligations and agreements of a Subsidiary Guarantor under the Indenture.

3.             GUARANTEE.  The New Guarantor as of the Guarantor
Effective Date (as hereinafter defined) hereby fully, unconditionally and
irrevocably guarantees, as primary obligor and not merely as surety, jointly
and severally with each other Subsidiary Guarantor, to each Holder of the
Securities and the Trustee, the full and punctual payment when due, whether at
maturity, by acceleration, by redemption, or otherwise, of the Obligations
pursuant to Article Eleven of the Indenture.

4.             NOTICES.  All notices and other communications to the New
Guarantor shall be given as provided in the Indenture to the New Guarantor, at
its address set forth below, with a copy to the Company as provided in the
Indenture for notices to the Company.

 

5.             PARTIES.  Nothing expressed or mentioned herein is
intended or shall be construed to give any Person, firm or corporation, other
than the Holders and the Trustee, any legal or equitable right, remedy or claim
under or in respect of this Supplemental Indenture or the Indenture or any
provision herein or therein contained.

6.             GOVERNING LAW.  THIS
SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK.

7.             SEVERABILITY CLAUSE.  In case any provision in this Supplemental
Indenture shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected
or impaired thereby and such provision shall be ineffective only to the extent
of such invalidity, illegality or unenforceability.

8.             RATIFICATION
OF INDENTURE; SUPPLEMENTAL INDENTURES PART OF INDENTURE.  Except as expressly amended hereby, the Indenture is in all respects
ratified and confirmed and all the terms, conditions and provisions thereof
shall remain in full force and effect. 
This Supplemental Indenture shall form a part of the Indenture for all
purposes, and every Holder of Securities heretofore or hereafter authenticated
and delivered shall be bound hereby.  The
Trustee makes no representation or warranty as to the validity or sufficiency
of this Supplemental Indenture.

9.             COUNTERPARTS. 
The parties hereto may sign one or more copies of this Supplemental
Indenture in counterparts, all of which together shall constitute one and the
same agreement.

10.           EFFECT
OF HEADINGS.  The headings of the
Articles and the sections in this Supplemental Indenture are for convenience of
reference only and shall not be deemed to alter or affect the meaning or
interpretation of any provisions hereof.

11.           TRUSTEE.  The Trustee makes no representations as to the validity or sufficiency
(other than with respect to its due authorization, execution, delivery and
enforceability) of this Supplemental Indenture.  The recitals and
statements herein are deemed to be those of the Company, New Guarantor,
Subsidiary Guarantors and Holdings and not of the Trustee.

12.           ADDITIONAL DEFINITIONS.  As used in this Supplemental Indenture, “Guarantor
Effective Date” shall mean November 9, 2006.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 2

IN WITNESS WHEREOF, the parties hereto have caused
this Eighth Supplemental Indenture to be duly executed and attested, all as of
the date first above written.

	
  

  	
  Issuer

  
	
   

  	
   

  
	
   

  	
  MEDQUEST, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ C. Christian Winkle

  
	
   

  	
  Name:

  	
  C. Christian
  Winkle 

  
	
   

  	
  Title:

  	
  Chief Executive
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Guarantors

  
	
   

  	
   

  
	
   

  	
  MQ
  ASSOCIATES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ C. Christian Winkle

  
	
   

  	
  Name:

  	
  C. Christian
  Winkle 

  
	
   

  	
  Title:

  	
  Chief Executive
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NORTHWEST
  DIAGNOSTIC IMAGING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Todd E. Andrews

  
	
   

  	
  Name:

  	
  Todd E. Andrews 

  
	
   

  	
  Title:

  	
  Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MEDQUEST
  ASSOCIATES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ C. Christian Winkle

  
	
   

  	
  Name:

  	
  C. Christian
  Winkle

  
	
   

  	
  Title:

  	
  President

  
				

 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Eighth Supplemental Indenture to be duly executed and attested, all as of
the date first above written.

	
  

  	
  ANDERSON DIAGNOSTIC
  IMAGING, INC.

  ASHEVILLE OPEN MRI, LLC

  CABARRUS DIAGNOSTIC IMAGING, INC.

  CAPE FEAR DIAGNOSTIC IMAGING, INC.

  CAROLINA IMAGING, INC. OF FAYETTEVILLE

  CHAPEL HILL DIAGNOSTIC IMAGING, INC.

  FLORIDA DIAGNOSTIC IMAGING CENTER, INC.

  GROVE DIAGNOSTIC IMAGING CENTER, INC.

  CAROLINA MEDICAL IMAGING, LLC

  OPEN MRI OF SIMPSONVILLE, LLC

  SIMPSONVILLE OPEN MRI, LLC

  EAST COOPER DIAGNOSTIC IMAGING, LLC

  FARMFIELD DIAGNOSTIC IMAGING, LLC

  FORT MILL DIAGNOSTIC IMAGING, LLC

  TRICOM DIAGNOSTIC IMAGING, LLC

  WEST ASHLEY DIAGNOSTIC IMAGING, LLC

  COASTAL IMAGING, LLC

  DURHAM DIAGNOSTIC IMAGING, LLC

  JACKSONVILLE DIAGNOSTIC IMAGING, LLC

  CAPE FEAR MOBILE IMAGING, LLC

  LEXINGTON OPEN MRI, INC.

  MECKLENBURG DIAGNOSTIC IMAGING, INC.

  PHOENIX DIAGNOSTIC IMAGING, INC.

  PIEDMONT IMAGING, INC. (FORSYTH)

  PIEDMONT IMAGING, INC. (SPARTANBURG)

  SOUTH CAROLINA DIAGNOSTIC IMAGING, INC.

  TRIAD IMAGING, INC.

  NORTHEAST COLUMBIA DIAGNOSTIC IMAGING, INC.

  CAROLINAS DIAGNOSTIC IMAGING, INC.

  PALMETTO IMAGING, INC., on behalf of itself and as sole member of:
   OPEN MRI & IMAGING OF FLORENCE,
  LLC and
   OPEN MRI OF MYRTLE BEACH, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Todd E. Andrews

  
	
   

  	
   

  	
  Name:

  	
  Todd E. Andrews

  
	
   

  	
   

  	
  Title:

  	
  Treasurer 

  

 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Eighth Supplemental Indenture to be duly executed and attested, all as of
the date first above written.

	
  

  	
  IMAGING SERVICES OF ALABAMA, INC.

  BIOIMAGING AT CHARLOTTE, INC.

  BIOIMAGING AT HARDING, INC.

  BIOIMAGING OF COOL SPRINGS, INC.

  CHATTANOOGA DIAGNOSTIC IMAGING, INC.

  DOTHAN DIAGNOSTIC IMAGING, INC.

  MRI & IMAGING OF WISCONSIN, INC.

  OPEN MRI OF GEORGIA, INC.

  OPEN MRI & IMAGING OF GEORGIA, INC.

  ILLINOIS DIAGNSOTIC IMAGING, INC.

  VIENNA DIAGNOSTIC IMAGING, INC.

  WILLIAM S. WITT, INC.

  WISCONSIN DIAGNOSTIC IMAGING, INC.

  MONTGOMERY OPEN MRI, LLC

  CAPE IMAGING, L.L.C.

  BRIDGETON MRI AND IMAGING CENTER, LLC

  KIRKWOOD MRI AND IMAGING CENTER, LLC

  ST. PETERS MRI & IMAGING CENTER, LLC

  OPEN MRI & IMAGING OF RICHMOND, LLC

  RICHMOND WEST END DIAGNOSTIC IMAGING, LLC

  OPEN MRI & IMAGING OF ALBANY, LLC

  OPEN MRI & IMAGING OF ATHENS, LLC

  ATHENS MRI, LLC

  OPEN MRI OF ATLANTA, LLC

  BUCKHEAD DIAGNOSTIC IMAGING, LLC

  OPEN MRI OF CENTRAL GEORGIA, LLC

  IMAGING CENTER OF CENTRAL GEORGIA, LLC

  OPEN MRI & IMAGING OF CONYERS, LLC

  CUMMING DIAGNOSTIC IMAGING, LLC

  OPEN MRI & IMAGING OF DEKALB, LLC

  CLAYTON OPEN MRI, LLC

  TOWN & COUNTRY OPEN MRI, LLC

  BRUNSWICK
  DIAGNOSTIC IMAGING, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Todd E. Andrews

  
	
   

  	
   

  	
  Name:

  	
  Todd E. Andrews

  
	
   

  	
   

  	
  Title:

  	
  Treasurer 

  

 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Eighth Supplemental Indenture to be duly executed and attested, all as of
the date first above written.

	
  

  	
  BIRMINGHAM DIAGNOSTIC IMAGING, LLC

  DULUTH DIAGNOSTIC IMAGING, LLC

  DULUTH CT CENTER, LLC

  DIAGNOSTIC IMAGING OF ATLANTA, LLC

  OPEN MRI & IMAGING OF NORTH FULTON, LLC

  OPEN MRI & IMAGING OF N.E. GEORGIA, LLC

  OPEN MRI AND IMAGING OF SNELLVILLE, LLC

  WEST PACES DIAGNOSTIC IMAGING, LLC

  WOODSTOCK DIAGNOSTIC IMAGING, LLC

  DIAGNOSTIC IMAGING OF HIRAM, LLC

  DIAGNOSTIC IMAGING OF MARIETTA, LLC

  DIAGNOSTIC IMAGING OF GEORGIA, LLC

  OPEN MRI & IMAGING OF DOUGLASVILLE, LLC

  HAPEVILLE DIAGNOSTIC IMAGING, LLC

  OPEN MRI & IMAGING OF MACON, LLC

  MIDTOWN DIAGNOSTIC IMAGING, LLC

  MEDICAL SCHEDULING OF MISSOURI, LLC

  KANSAS DIAGNOSTIC IMAGING, INC.

  MISSOURI IMAGING, INC.

  MOBILE OPEN MRI, INC.

  OCCUPATIONAL SOLUTIONS, INC.

  OPEN MRI & IMAGING OF RICHMOND, INC.

  SUN VIEW HOLDINGS, INC.

  TEXAS IMAGING SERVICES OF EL PASO, INC.

  TYSON’S CORNER DIAGNOSTIC IMAGING, INC.

  VIRGINIA
  DIAGNOSTIC IMAGING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Todd E. Andrews

  
	
   

  	
   

  	
  Name:

  	
  Todd E. Andrews

  
	
   

  	
   

  	
  Title:

  	
  Treasurer 

  

 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Eighth Supplemental Indenture to be duly executed and attested, all as of
the date first above written.

	
  

  	
  THE BANK OF NEW YORK, as
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Stacey B. Poindexter

  
	
   

  	
  Name:

  	
  Stacey B. Poindexter 

  	
   

  
	
   

  	
  Title:Exhibit
10.18

SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT
dated as of November 7, 2006 (as amended, modified or supplemented from time to
time, this “Agreement”), among DANIEL J. SCHAEFER
(the “Executive”), MEDQUEST, INC.,
a Delaware corporation (the “Company”), and MQ
ASSOCIATES, INC., a Delaware corporation and parent entity of the
Company (the “Parent”).

WHEREAS, the Parent and the
Executive entered into an Employment Agreement, dated as of December 15, 1999,
which was amended and restated in its entirety by that certain Amended and
Restated Employment Agreement by and between the Executive and the Company
dated as of the 15th day of August, 2002 (the “Previous Employment
Agreement”);

WHEREAS, the Parent, the Company
and the Executive desire to amend and restate the Previous Employment Agreement
in its entirety by entering into this Agreement;

WHEREAS, the Parent and the
Company consider it to be in their best interests to continue the employment of
the Executive on the terms and the conditions hereinafter set forth in this
Agreement.

NOW, THEREFORE, in consideration
of the mutual promises and covenants contained herein, the parties agree as
follows:

1.              Employment.  The Company hereby employs the Executive and
the Executive accepts such employment upon the terms and conditions hereinafter
set forth.

2.              Term
of Employment.  Subject to earlier
termination pursuant to the provisions of Section 6, the term of the
Executive’s employment pursuant to this Agreement shall commence on and as of
the date hereof (the “Effective Date”) and shall terminate on the third
anniversary of the Effective Date, subject to automatic annual extensions for
successive periods of one year each as of the third anniversary of the
Effective Date and each anniversary thereafter, unless either party gives
written notice of nonrenewal to the other at least 180 days before the term
would otherwise terminate (such period, the “Employment Period”).

3.              Duties;
Extent of Service.  During the
Employment Period, the Executive (a) shall serve as a senior executive officer
of the Company and the Parent with the title and position of Chief Operating
Officer, reporting to the Chief Executive Officer, and (b) shall have
supervisory responsibility in such capacity over matters as may be specified
from time to time by the Chief Executive Officer, consistent with the Executive’s
position and general area of experience and skills, provided,
that in all cases the Executive shall be subject to the oversight and
supervision of the Chief Executive Officer in the performance of his duties,
(c) upon the request of the Chief Executive Officer, shall serve as an officer
and/or director of any of the

 

Company’s
subsidiaries and/or other affiliates, and (d) shall render all services
reasonably incident to the foregoing. 
The Executive hereby accepts such employment, agrees to serve in the
capacities indicated, and agrees to use the Executive’s best efforts in, and
shall devote the Executive’s full working time, attention, skill and energies
to the advancement of the interests of the Company, the Parent and their
subsidiaries and to the performance of the Executive’s duties and
responsibilities hereunder. The Executive shall not during the Employment
Period be engaged in any other business activity that, in the reasonable
judgment of the Board of Directors of the Parent and/or the Company (the “Board
of Directors”), would conflict with the ability of the Executive to perform his
duties under this Agreement, whether or not such activity is pursued for gain,
profit or other pecuniary advantage.

4.              Salary
and Bonus.

a.            Base
Salary.  During the Employment
Period, the Company shall pay the Executive total base compensation at the rate
of $325,000.00 per annum, subject to increase from time to time at the
discretion of the Chief Executive Officer (as in effect from time to time, the “Base
Salary”).  Such Base Salary shall be
subject to withholding under applicable law, shall be pro rated for partial
years and shall be payable in periodic installments not less frequently than monthly
in accordance with the Company’s usual practice for senior executive officers
of the Company as in effect from time to time.

b.            Annual
Bonus.  During the Employment Period,
in addition to the Base Salary, the Executive shall be eligible to receive an
annual bonus (the “Annual Bonus”) from the Company, based upon the
achievement of certain annual objectives (the “Bonus Objectives”) to be
mutually agreed upon by the Executive and the Chief Executive Officer.  If 100% of the Bonus Objectives shall be satisfied
by the Executive, such Annual Bonus shall be equal to 50% of the Base Salary
(the “Target Annual Bonus”).  The
Annual Bonus will be reduced ratably if less than 100% of such Bonus Objectives
shall be satisfied by the Executive and the Executive will have an opportunity,
based solely on the discretion of the Chief Executive Officer, to earn an
Annual Bonus in excess of the Target Annual Bonus taking into account personal
performance, bonus awards made to other members of the Company’s senior
management team and Company performance. 
The Annual Bonus calculated with respect to any fiscal year will be
earned and accrued, to the extent the Bonus Objectives shall be achieved, if
the Executive is an employee of the Company on the last day of such fiscal year.

5.              Benefits.

a.            During
the Employment Period, the Executive shall be entitled to participate in any
and all medical, dental, vision care, short and long term disability, life
insurance, and accidental death and disability plans, retirement arrangements
and automobile allowance programs as in effect from time to time for senior
executive officers of the Company generally and approved by the Board of
Directors.  Such participation shall be
subject to (i) the terms of the applicable plan documents (including, as
applicable, provisions granting discretion to the Board of Directors or any
administrative or other committee provided for therein or contemplated thereby)
and (ii) generally applicable policies of the Company.

 2
 

 

b.            During
the Employment Period, to the extent permitted by law, the Executive shall be
entitled to four (4) weeks paid vacation during each twelve (12) month period
worked, commencing on the Effective Date; provided, however, that
the Executive shall be entitled to accumulate not more than eight weeks of
unused vacation for which the Executive shall be compensated if the Executive’s
employment is terminated.

c.            The
Company shall promptly reimburse Executive for all reasonable business expenses
incurred by Executive during the Employment Period in accordance with the
Company’s practices and policies for senior executive officers of the Company
as in effect from time to time.

d.            Compliance
with the provisions of this Section 5 shall in no way create or be
deemed to create any obligation, express or implied, on the part of the Parent
or any of its affiliates with respect to the continuation of any particular
benefit or other plan or arrangement maintained by them or their affiliates as
of or prior to the date hereof or the creation and maintenance of any
particular benefit or other plan or arrangement at any time after the date
hereof.

6.              Termination
and Termination Benefits; Effect of Termination.  Notwithstanding the provisions of Sections 2
or 3, the Executive’s employment under this Agreement shall terminate
under the following circumstances:

a.            Termination
by the Company for Cause.  The
Employment Period may be terminated by the Company for Cause without further
liability on the part of the Company or any of its affiliates upon written
notice to the Executive, such termination to be effective on the date specified
in such notice.  “Cause” means (i)
a failure by the Executive to observe policies of the Parent and its affiliates
generally applicable to executives of the Parent and its affiliates that causes
material harm to the Parent or its affiliates, (ii) gross negligence or willful
misconduct by the Executive in the performance of his duties, (iii) failure by
the Executive to substantially perform the duties contemplated by Section 3
hereof, which failure is not remedied within ten (10) days after a written
notice of such failure is delivered to the Executive by the Company, or (iv)
the commission by the Executive of any act of fraud, theft or financial
dishonesty with respect to the Company, the Parent or any of its or their
affiliates, (iv) the Executive’s indictment, conviction of, or pleading no
contest or nolo contendere to, any felony or a lesser crime involving
dishonesty or (v) the material breach by the Executive of this Agreement (including,
without limitation, the failure to perform his duties hereunder in accordance
with Section 3 hereof other than absences due to illness, injury,
vacations or holidays), or any other material agreement or contract between or
among the Executive, the Company, the Parent or any of its or their affiliates,
which breach (if susceptible to cure) is not cured by the Executive within ten (10)
days following written notice by the Company to the Executive of such breach.

b.            Termination
by the Executive.  The Employment
Period may be terminated by the Executive by written notice to the Chief
Executive Officer without Good Reason at least 90 days prior to such
termination and with Good Reason at least 30 days prior to such termination,
such termination to be effective on the date specified in such notice.  “Good Reason” means (i) a reduction in
the

 3
 

 

Executive’s
Base Salary, (ii) a material reduction in the Executive’s duties or reporting
relationships provided in this Agreement, (iii) a material breach of this Agreement
by the Company, or (iv) any requirement that the Executive relocate his
principal place of business to a location more than 50 miles from the Company’s
headquarters as of the date hereof; provided, however, that if the
Executive consents to such relocation, or actually relocates, such relocation
requirement shall not constitute Good Reason.

c.            Termination
by the Company Without Cause.  The
Employment Period under this Agreement may be terminated by the Company without
further liability on the part of the Company or any of its affiliates without
Cause upon written notice to the Executive, such termination to be effective as
of the date of such notice.

d.            Certain
Termination Benefits.  Unless
otherwise specifically provided in this Agreement, all of the Company’s
obligations under this Agreement shall terminate on the date of termination of
the Employment Period.  Notwithstanding
the foregoing, in the event of termination of the Executive’s employment with
the Company by the Executive for Good Reason or by the Company without Cause
(including a termination without Cause as contemplated by the last paragraph of
Section 8.a), the Company shall provide to Executive the following
termination benefits (“Termination Benefits”):

(i)            continuation of the
Executive’s Base Salary at the rate then in effect pursuant to Section 4.a;

(ii)           an amount equal to the
product of (A) that portion, expressed as a percentage, of the year-to-date
Bonus Objectives realized by the Executive as of the date of such termination
and (B) the product of (x) the quotient obtained by dividing (I) the number of
calendar days elapsed from the beginning of the respective calendar year to the
date of such termination by (II) 365 and (y) the Target Annual Bonus with
respect to the year of termination for which the Executive is eligible, which
amount shall be paid to the Executive at the frequency and in the manner
provided for payments pursuant to clause (i) above; provided, however,
that in the event that such termination without Cause or for Good Reason shall
be effective on the date of the consummation of a Sale of the Company (as
defined in that certain Stockholders’ Agreement, dated as of August 15, 2002,
as amended from time to time, among the Parent and the stockholders party
thereto (the “Stockholders’ Agreement”)) or, within 180 days thereafter,
such amount shall be payable on the effective date of such termination; and

(iii)          continuation of group
health, dental, and disability plan benefits as described in Section 5.a
of this Agreement, with the cost for such benefits shared in the same relative
proportion by the Company and the Executive as in effect on the date of
termination.

The Termination
Benefits set forth in clauses (i) and (iii) above shall continue, so long as
the Executive is in compliance with the Executive’s continuing obligations
under this Agreement, until eighteen (18) months after the date of termination;
provided, however, that in the event that

 4
 

 

such termination
without Cause or for Good Reason shall be effective on the date of the
consummation of a Sale of the Company (as defined in Section 6(c)(ii) hereof)
or, within 180 days thereafter, the Termination Benefits set forth in clause
(i) shall be in an amount equal to two times Executive’s Base Salary and shall
be payable on the effective date of such termination.  The Company and the Executive agree that the
Termination Benefits paid by the Company to the Executive under this Section
6.d shall be contingent upon the Executive’s delivery of a general release
of any and all claims (other than those arising under this Section 6.d
and Section 6.f) upon termination of employment in the form attached
hereto as Exhibit A (with such changes as may be necessitated by any
change in law after the date hereof to obtain the full benefits thereunder), it
being understood that no Termination Benefits shall be provided unless and
until the Executive executes and delivers such release and such release shall
not be revoked.  Notwithstanding anything contained herein to the contrary, any payment required
to be made pursuant to clause (ii) above that would result in a
violation of, or a default under, any agreement governing any indebtedness for
borrowed money of the Parent or any of its affiliates, shall not be made so long as such agreement would
prohibit such payment or such payment would result in a violation or default
thereunder; provided, however, that the Parent shall use its good
faith efforts to negotiate with the lenders under any such agreement to permit
the payment of such amounts as promptly as practicable.  Any such delay in making such payments shall
not be deemed to be a violation of this Agreement so long as the Employment
Period and/or termination date shall be extended until such time as such payments
are made; provided, however, that any compensation that Executive
shall receive from the Company during such extension of the Employment Period
and/or termination date shall be offset against, and in no event shall be
greater than, the aggregate amount of the aforementioned delayed payments.  The Executive shall not be required to
mitigate the amount of any payment provided for in this Section 6 by
seeking other employment or otherwise, and the amount of any payment or benefit
provided for in this Section 6 shall not be reduced by any compensation
earned by the Executive as the result of employment by another employer or by
retirement benefits.

e.            Death
or Disability.  The Executive’s
employment and all obligations of the Company hereunder shall terminate upon
the death or Disability of the Executive, other than the obligation to pay the
greater of (A) the product of (x) the aggregate amount of the Annual Bonus the
Executive received in the preceding calendar year and (y) that portion,
expressed as a percentage, of the Bonus Objectives for the calendar year of
termination realized by the Executive as of the date of such termination and
(B) the prorated bonus amount as calculated pursuant to Section 6.d(ii).  “Disability” means a condition under
which the Executive is unable due to illness or injury to perform the essential
functions of the Executive’s then existing position or positions under this
Agreement for a continuous six-month period with reasonable accommodation, as
determined in the sole discretion of the Chief Executive Officer.

f.             Continuing
Obligations.  Notwithstanding
termination of the Employment Period or any other provision hereof, the Company
shall remain obligated to pay (without duplication of any payment hereunder)
all earned (to the date of such termination of the Employment Period) but
unpaid Base Salary, the earned and accrued Annual Bonus for any completed
fiscal year as of the date of termination of the Employment Period (to the
extent the Bonus Objectives shall have been achieved) as set forth in this Section
6, benefits, payments, or rights to which the Executive remains entitled
after the termination of the Employment Period pursuant to the terms of any
agreement, plan, program or policy, and reimbursement for business

 5
 

 

expenses
incurred to the date of termination of the Employment Period that are
reimbursable in accordance with the terms of this Agreement.  Notwithstanding termination of this Agreement
as provided in this Section 6 or any other termination of the Executive’s
employment with the Company, the Executive’s obligations under Section 7
and Section 8 hereof shall survive any termination of the Executive’s
employment with the Company at any time and for any reason.

g.            Effect
of Termination.  Effective
immediately upon termination of the Employment Period, regardless of reason,
and without the necessity of any further action on the part of the Executive,
the Company or any other person, the Executive’s service (i) on any and all
boards of directors, boards of managers or similar governing bodies of any of
the Parent and any of its subsidiaries, (ii) as an officer of the Parent and
any of its subsidiaries and (iii) as an employee of the Parent and any of its
subsidiaries shall, in each case, be terminated and the Executive shall be
deemed to have resigned from any and all such positions then held by the
Executive.

7.              Confidentiality;
Proprietary Rights.

a.            In
the course of performing services hereunder on behalf of the Parent, the
Company (including all predecessors and successors of each of the Parent and
the Company) and its and their affiliates (the Parent and its subsidiaries
collectively, the “Employer Parties”), the Executive from time to time
will have access to Confidential Information (as defined below).  The Executive agrees (a) to hold the
Confidential Information in strict confidence, (b) not to disclose the
Confidential Information to any person (other than in the ordinary course of
the regular business of the Employer Parties), and (c) not to use, directly or
indirectly, any of the Confidential Information for any purpose other than on
behalf of the Employer Parties.  All
documents, records, data, apparatus, equipment and other physical property,
whether or not pertaining to Confidential Information, that are furnished to
the Executive by any Employer Party or are produced by the Executive in
connection with the Executive’s employment will be and remain the sole property
of the applicable Employer Party.  Upon
the termination of the Employment Period for any reason and as and when
otherwise requested by any Employer Party, all Confidential Information
(including, without limitation, all data, memoranda, customer lists, notes,
programs and other papers and items, and reproductions thereof relating to the
foregoing matters) in the Executive’s possession or control shall be
immediately returned to the Company.

b.            The
Executive hereby confirms that the Executive is not bound by the terms of any
agreement with any previous employer or other party that restricts in any way
the Executive’s engagement in any business. 
The Executive represents to the Company that the Executive’s execution
of this Agreement, the Executive’s employment with the Company and the
performance of the Executive’s proposed duties for the Employer Parties will
not violate any obligations the Executive may have to any such previous
employer or other party.  In the
Executive’s work for the Employer Parties, the Executive will not disclose or
make use of any information in violation of any agreements with or rights of
any such previous employer or other party, and the Executive will not bring to
the premises of the Employer Parties any copies or other tangible embodiments
of non-public information belonging to or obtained from any such previous
employment or other party.  The Executive
represents and warrants that he is not a party to any consulting or advisory
agreement with any third party (including a previous

 6
 

 

employer)
that would interfere with the Executive’s performance of his obligations and
duties hereunder and the Executive shall advise and update the Chief Executive
Officer (including providing copies of notices, agreements and other relevant
documentation) from time to time and as requested by the Chief Executive
Officer of any matters or developments relating to his relationship with any
previous employer.

c.            During
and after the Employment Period, the Executive shall reasonably cooperate with
the Employer Parties in the defense or prosecution of any claims or actions now
in existence or which may be brought in the future against or on behalf of any
Employer Party or any of their respective affiliates that relate to events or
occurrences that transpired while the Executive was employed by the
Company.  The Executive’s reasonable
cooperation in connection with such claims or actions shall include, but not be
limited to, being available to meet with counsel to prepare for discovery or
trial and to act as a witness on behalf of the Employer Parties or any of their
respective affiliates at mutually convenient times.  During and after the Employment Period, the
Executive also shall reasonably cooperate with the Employer Parties in
connection with any investigation or review of any federal, state or local
regulatory authority as any such investigation or review relates to events or
occurrences that transpired while the Executive was employed by the
Company.  The Company shall reimburse the
Executive for any reasonable out-of-pocket expenses incurred in
connection with the Executive’s performance of obligations pursuant to this Section
7.c, and in the event the Executive’s performance of obligations under this
Section 7.c requires more than 20 hours of the Executive’s time, the
Company will pay the Executive an hourly rate of $250 per hour for his time,
beginning only as of such 21st hour.

d.            The
Executive recognizes that the Employer Parties and their respective affiliates
possess a proprietary interest in all of the information described in Section
7.a and have the exclusive right and privilege to use, protect by
copyright, patent or trademark, or otherwise exploit the processes, ideas and
concepts described therein to the exclusion of the Executive, except as
otherwise agreed between the Company and the Executive in writing.  The Executive expressly agrees that any
products, inventions or discoveries made by the Executive or the Executive’s
agents or affiliates in the course of the Executive’s employment, including any
of the foregoing that is based on or arises out of the information described in
Section 7.a, shall be the property of and inure to the exclusive benefit
of the Company.  The Executive further
agrees that any and all products, inventions, or discoveries developed by the
Executive (whether or not able to be protected by copyright, patent or trademark)
during the course of his employment, or involving the use of the time,
materials or other resources of the Employer Parties or any of their respective
affiliates, shall be promptly disclosed to the Company and shall become the
exclusive property of the Company, and the Executive shall execute and deliver
any and all documents necessary or appropriate to implement the foregoing.

e.            During
the Employment Period, the Executive will offer or otherwise make known or
available to the Company, as directed by the Chief Executive Officer or Board of
Directors and without additional compensation or consideration, any business
prospects, contracts or other business opportunities that the Executive may
discover, find, develop or otherwise have available to the Executive in the
Company’s general industry and further agrees that any such prospects, contacts
or other business opportunities shall be the property of the Company (or other
appropriate Employer Party, as applicable).

 7
 

 

f.             The
Executive acknowledges that the provisions of this Section 7 and the following
Section 8 are an integral part of the Executive’s employment
arrangements with the Company.

g.            For
purposes of this Agreement, the term “Confidential Information” shall
mean: information belonging to any Employer Party that is of value to any Employer
Party or with respect to which any Employer Party has rights in the course of
conducting its respective business and the disclosure of which could result in
a competitive or other disadvantage to any Employer Party.  Confidential Information includes
information, whether or not patentable or copyrightable, in written, oral,
electronic or other tangible or intangible forms, stored in any medium,
including, by way of example and without limitation, trade secrets, ideas,
concepts, designs, configurations, specifications, drawings, blueprints,
diagrams, models, prototypes, samples, flow charts, processes, techniques,
formulas, software, improvements, inventions, data, know-how, discoveries,
copyrightable materials, marketing plans and strategies, sales and financial
reports and forecasts, studies, reports, records, books, contracts,
instruments, surveys, computer disks, diskettes, tapes, computer programs and
business plans, prospects and opportunities (such as possible acquisitions or
dispositions of businesses or facilities) that have been discussed or
considered by the management of any Employer Party.  Confidential Information includes information
developed by the Executive in the course of the Executive’s employment by the
Company, as well as other information to which the Executive may have access in
connection with the Executive’s employment. 
Confidential Information also includes the confidential information of
others with which any Employer Party has a binding confidentiality
agreement.  Notwithstanding the
foregoing, Confidential Information does not include information in the public
domain, unless due to breach of the Executive’s duties under Section 7.a.

8.              Non-Competition;
Non-Solicitation; Other Boards.

a.            The
Executive acknowledges that, in the course of his employment with the Company
and/or its affiliates and their predecessors, he will become familiar with the
Company’s and its affiliates’ and their predecessors’ trade secrets and with
other confidential information concerning the Company, its affiliates and their
respective predecessors and that his services will be of special, unique and
extraordinary value to the Company and its affiliates.  Therefore, the Executive agrees that, during
the Employment Period and for two (2) years thereafter (the “Non-Compete
Period”), he shall not directly or indirectly own, manage, control,
participate in, consult with, render services for, or in any manner engage in
or represent any business competing with the Business of the Company or its
affiliates within any Restricted Territory. 
“Business” means the management and/or operation of outpatient
diagnostic imaging centers.  “Restricted
Territory” means the states and/or other territories set forth on Schedule
I; provided, that, not less than annually, the Company and the
Executive shall update Schedule I to (i) add to Schedule I any
states or other territories in which the Company or its affiliates is then
conducting its Business and (ii) delete from Schedule I any states or
other territories in which the Company or its affiliates is no longer
conducting its Business; provided, further, that, in the event
that the Company and the Executive fail to agree on any such update, the
then-existing Schedule I (as may have been previously amended) shall
govern.

 8
 

 

Notwithstanding
the foregoing, if the Executive’s employment is terminated as a result of a
scheduled expiration of the Employment Period or a nonrenewal as provided in Section
2, or if the Company fails to provide the post-termination benefits
pursuant to Section 6.d, the Executive shall not be bound by the
non-competition and non-solicitation restrictions in this Section 8,
except to the extent that the Company notifies the Executive in writing on or
prior to the date of such scheduled expiration or nonrenewal that the Company
has elected to treat such scheduled expiration or nonrenewal as a Termination
without Cause.

b.            Nothing
herein shall prohibit the Executive from being a passive owner of not more than
2% of the outstanding stock of any class of a corporation that is publicly
traded, so long as the Executive has no active participation in the business of
such corporation.

c.            During
the Non-Compete Period, the Executive shall not directly, or indirectly through
another person or entity, (i) induce or attempt to induce any employee of any
Employer Party to leave the employ of such Employer Party, or in any way
interfere with the relationship between such Employer Party, on the one hand,
and any employee thereof, on the other hand, (ii) hire any person who was an
employee of any Employer Party until one (1) year after such individual’s
employment relationship with such Employer Party has been terminated or (iii)
induce or attempt to induce any customer, supplier, licensee or other business
relation of any Employer Party to cease doing business with such Employer
Party, or in any way interfere with the relationship between any such customer,
supplier, licensee or business relation, on the one hand, and such Employer
Party, on the other hand.

d.            The
Executive understands that the foregoing restrictions may limit his ability to
earn a livelihood in a business similar to the business of the Employer
Parties, but he nevertheless believes that he will receive sufficient
consideration and other benefits as an employee of the Company and the Parent
and as otherwise provided hereunder to clearly justify such restrictions
(including any restrictions imposed in the future by any amendment to Schedule
I mutually agreed upon by the Company and the Executive) which, in any
event (given his education, skills and ability), the Executive does not believe
would prevent him from otherwise earning a living.  The Executive has carefully considered the
nature and extent of the restrictions placed upon him by this Agreement, and
hereby acknowledges and agrees that the same are reasonable in time and
territory (including as such territory as may hereafter be amended by mutual
agreement of the Company and the Executive) and do not confer a benefit upon
any Employer Party disproportionate to the detriment of the Executive.

9.              Non-Disparagement.  From the Effective Date through the date that
is the second anniversary of the date of the termination of the Employment
Period, the Executive agrees that he will not make, or cause to be made, any
statement, observation, or opinion, or communicate any information (whether
oral or written), to any person other than a member of the Board of Directors,
that disparages any Employer Party or is likely in any way to harm the business
or the reputation of any Employer Party, or any of their respective former,
present, or future directors, officers, stockholders or employees.

10.            Certain
Restrictions on Transfers; Fees in Connection with Certain Sales of Common
Stock.  If the Parent at any time
shall register an offering and sale of shares of Common Stock under the
Securities Act of 1933, as amended (or any successor statute thereto) 

 9
 

 

(the “Securities
Act”), in an underwritten offering (i) pursuant to an initial public
offering or (ii) pursuant to any other registration under the Securities Act
(other than on Form S-4 or Form S-8 promulgated under the Securities Act or any
successor forms thereto), if requested by the managing underwriter(s) and
provided that the directors and officers of the Parent are so restricted, the
Executive shall not sell, make any short sale of, grant any option for the
purchase of, or otherwise dispose of any capital stock of the Parent (other
than (A) any shares of Common Stock held by, or issuable to, the Executive that
are included in such registration or (B) a Permitted Transfer (as defined in
the Stockholders’ Agreement)) without the prior written consent of the Parent
for a period as shall be determined by the managing underwriters, which period
cannot begin more than seven (7) days prior to the effectiveness of such
registration statement and cannot last more than ninety (90) days (180 days in
the case of the Parent’s or the Company’s initial public offering) after the
effective date of such registration statement.

11.            Parties
in Interest; Certain Remedies.  It is
specifically understood and agreed that this Agreement is intended to confer a
benefit, directly and indirectly, on the Parent, the Company and their direct
and indirect subsidiaries and affiliates, and that any breach of the provisions
of this Agreement by the Executive will result in irreparable injury to the
Parent, the Company and their subsidiaries and affiliates, that the remedy at
law alone will be an inadequate remedy for such breach and that, in addition to
any other remedy it may have, the Parent, the Company or their subsidiaries and
affiliates shall be entitled to enforce the specific performance of this
Agreement by the Executive through both temporary and permanent injunctive
relief without the necessity of posting a bond or proving actual damages, but
without limitation of their right to damages and any and all other remedies
available to them, it being understood that injunctive relief is in addition
to, and not in lieu of, such other remedies.

12.            Notices.  All notices, requests, demands and other
communications hereunder shall be in writing and shall be deemed to have been
duly given if faxed (with transmission acknowledgment received), delivered
personally or by nationally recognized overnight courier (providing proof of
delivery) or mailed by certified or registered mail (return receipt requested)
as follows:

To the Company or the Parent:

MedQuest, Inc.

3480 Preston Ridge Road

Suite 600

Alpharetta, GA 30005

Fax: (770) 734-9652

Attention: Chief Executive Officer

with a copy to:

MedQuest, Inc.

3480 Preston Ridge Road

Suite 600

Alpharetta, GA 30005

Fax: (678) 992-7538

 10
 

 

Attention: General Counsel

To Executive:

c/o MedQuest, Inc.

3480 Preston Ridge Road

Suite 600

Alpharetta, GA 30005

Fax: (770) 734-9652,

or to such other
address or fax number of which any party may notify the other parties as
provided above.  Notices shall be
effective as of the date of such delivery, mailing or fax.

13.            Scope
of Agreement.  The parties
acknowledge that the time, scope, geographic area (including as such geographic
area may be amended pursuant to Section 8) and other provisions of Section
8 hereof have been specifically negotiated by sophisticated parties and
agree that all such provisions are reasonable under the circumstances of the
transactions contemplated hereby, and are given as an integral and essential
part of the transactions contemplated hereby. 
The Executive has been advised to independently consult with counsel and
has also been advised in all respects concerning the reasonableness and
propriety of the covenants contained herein, with specific regard to the
business to be conducted by the Parent, the Company and their subsidiaries and
affiliates, and represents that this Agreement is intended to be, and shall be,
fully enforceable and effective in accordance with its terms.

14.            Severability.  In the event that any covenant contained in
this Agreement shall be determined by any court of competent jurisdiction to be
unenforceable by reason of its extending for too great a period of time or over
too great a geographical area or by reason of its being too extensive in any
other respect, it shall be interpreted to extend only over the maximum period
of time for which it may be enforceable and/or over the maximum geographical area
as to which it may be enforceable and/or to the maximum extent in all other
respects as to which it may be enforceable, all as determined by such court in
such action.  The existence of any claim
or cause of action that the Executive may have against the Parent, the Company
or any of their subsidiaries or affiliates shall not constitute a defense or
bar to the enforcement of any of the provisions of this Agreement.

15.            No
Amendment of Certain Indemnification Provisions.  The Employer Parties shall not amend or
modify their respective certificates of incorporation to reduce the breadth of
indemnification available thereunder for directors of the Employer Parties from
that in effect as of the date hereof.  If
an Employer Party shall enter into indemnification agreements with its
directors or officers providing indemnification related to their positions as
directors or officers, as applicable, the Executive shall be entitled to enter
into the same indemnification agreement as the Employer Party shall enter into
with such other directors or officers, as applicable.

16.            Miscellaneous.  This Agreement shall be governed by and
construed under the laws of the State of Georgia, without consideration of its
choice of law provisions, and shall not be amended, modified or discharged in
whole or in part except by an agreement in writing

 11
 

 

signed
by both of the parties hereto.  The
failure of either of the parties to require the performance of a term or
obligation or to exercise any right under this Agreement or the waiver of any
breach hereunder shall not prevent subsequent enforcement of such term or
obligation or exercise of such right or the enforcement at any time of any
other right hereunder or be deemed a waiver of any subsequent breach of the
provision so breached, or of any other breach hereunder.  This Agreement shall inure to the benefit of,
and be binding upon and assignable to, successors of the Employer Parties by
way of merger, consolidation or sale and may not be assigned by the
Executive.  This Agreement supersedes and
terminates all prior understandings and agreements between the parties (or
their predecessors) relating to the subject matter hereof, including the
Previous Employment Agreement, and this Agreement hereby amends and restates
the Previous Employment Agreement in its entirety.  For purposes of this Agreement, the term “person”
shall be construed broadly and shall include an individual, a partnership, a
corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization or a
governmental authority (or any department, agency or political subdivision
thereof); a “subsidiary” of a person means any corporation more than 50
percent of whose outstanding voting securities, or any partnership, joint
venture or other entity more than 50 percent of whose total equity interest, is
directly or indirectly owned by such person; and an “affiliate” of a
person shall mean, with respect to a person or entity, any person or entity
which directly or indirectly controls, is controlled by, or is under common
control with such person or entity.

17.            Arbitration.  Except with respect to matters as to which
injunctive relief may be sought pursuant to Section 11 hereof, all
disputes relating to the Executive’s employment by the Company or the Parent or
pursuant to this Agreement shall be submitted to arbitration in Atlanta,
Georgia and shall be subject to the commercial arbitration rules of the
American Arbitration Association then in effect.  Each of the Company, the Parent and the
Executive shall bear its or his own costs and expenses related to such
arbitration; provided, that, notwithstanding the foregoing, the Company
shall pay that portion of the Executive’s reasonable expenses relating to such
dispute equal to the percentage of claims, based on dollar amounts (out of the
aggregate of such claims adjudicated) (if at all) under which the Executive
shall have prevailed in the arbitration, as finally determined by the
arbitrator, who shall specifically be asked to render a decision on such point.

18.            Parachute
Payment. Notwithstanding any other provision of this Agreement or any other
agreement, if the aggregate payments and benefits payable to the Executive
under this Agreement and under any other plan, program, arrangement, or
agreement of the Parent or an affiliate would result in a “parachute payment”
(within the meaning of Section 280G of the Internal Revenue Code), then the
payments and benefits under this Agreement, or any other agreement,
arrangement, program or plan will be reduced to the minimum extent necessary to
cause no such parachute payment to occur, but such reduction will be made only
if the aggregate payments and benefits as so reduced would result in the
Executive retaining a larger after-tax (taking into account all income,
employment and excise taxes applicable to the Executive) amount than if no such
reduction were made.  If such reduction
is to be made, the Executive shall select which payments and benefits will be
reduced.

*       *      
 *

 12

 

IN WITNESS WHEREOF, the parties
have executed this Employment Agreement as of the date first set forth above.

	
  

  	
  COMPANY:

  
	
   

  	
   

  
	
   

  	
  MEDQUEST, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ C. Christian Winkle

  
	
   

  	
   

  	
  Name: C. Christian Winkle

  
	
   

  	
   

  	
  Title:Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PARENT:

  
	
   

  	
   

  
	
   

  	
  MQ ASSOCIATES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ C. Christian Winkle

  
	
   

  	
   

  	
  Name: C. Christian Winkle

  
	
   

  	
   

  	
  Title:Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  /s/ Daniel J.
  Schaefer

  
	
   

  	
   

  	
  Daniel J.
  Schaefer

  
				

 

[Signature page to
Employment Agmnt]

 

Schedule I

Restricted Territory

1.                                      Georgia

2.                                      North
Carolina

3.                                      South
Carolina

4.                                      Arizona

5.                                      Florida

6.                                      Missouri

7.                                      Alabama

8.                                      Tennessee

9.                                      Virginia

10.                                Texas

11.                                Wisconsin

12.                                New
Mexico

13.                                Illinois

Exhibit A

Form of
General Release

In consideration of the payments and benefits set forth in
your Second Amended and Restated Employment Agreement dated as of November 7,
2006 (as may be amended from time to time, the “Employment Agreement”)
with each of MQ ASSOCIATES, INC. and MEDQUEST, INC. (collectively, the “Companies”), you
voluntarily, knowingly and willingly release and forever discharge the
Companies, their subsidiaries, affiliates and parents, together with each of
those entities’ respective officers, directors, shareholders, employees,
agents, fiduciaries and administrators (collectively, the “Releasees”)
from any and all claims and rights of any nature whatsoever that you now have
or in the future may have against them solely arising from, or relating to,
your relationship with the Companies. 
This release includes, but is not limited to, any rights or claims
relating in any way to your employment relationship with the Companies or any
of the other Releasees or the termination thereof, any contract claims (express
or implied, written or oral), or any rights or claims under any statute,
including, without limitation, the Americans with Disabilities Act, the Age
Discrimination in Employment Act, the Older Workers’ Benefit Protection Act,
the Rehabilitation Act of 1973 (including Section 504 thereof), the
Family Medical Leave Act, Title VII of the 1964 Civil Rights Act, the Civil
Rights Act of 1866 (42 U.S.C. § 1981), the Civil Rights Act of 1991, the Equal
Pay Act, the Fair Labor Standards Act, the National Labor Relations Act, the
Worker Adjustment and Retraining Notification Act, the Employee Retirement
Income Security Act of 1974, all as amended, Georgia state law and any other
federal, state or local law.  This
release specifically includes, but is not limited to, any claims based upon the
right to the payment of wages, bonuses, vacation, pension benefits, 401(k) plan
benefits, stock benefits or any other employee benefits (unless expressly
provided to be payable after the date hereof pursuant to the Employment
Agreement), or any other rights arising under federal, state or local laws
prohibiting discrimination and/or harassment on the basis of race, color, age,
religion, sex, national origin, mental or physical disability, military status,
harassment or any other basis prohibited by law. 

By
signing and returning this General Release, you acknowledge that you:

(a)   have had at least twenty-one (21) days to review and
consider its terms;

(b)   have carefully read and fully understand the terms
of this General Release;

(c)   are entering into this General Release voluntarily
and knowing that you are releasing claims that you have or may have against the
Company, including any claims under the Age Discrimination in Employment Act;

(d)   have had a reasonable opportunity to seek advice
from an attorney of your choosing prior to signing this General Release; 

(e)   release all claims that arise up to and including
the date of execution of this General Release in return for the consideration
specified in the Employment Agreement, to which you otherwise would not have
been entitled; and 

 

(f)    have been advised to consult an attorney before
executing this General Release. 

You further
represent that you have not filed against the Companies or any of the other
Releasees any complaints, charges or lawsuits with any governmental agency or
any court prior to the date of this General Release.

You understand that you may
revoke this General Release in writing by so notifying the
General Counsel of MQ Associates, Inc., in writing, at MedQuest, Inc., 3480
Preston Ridge Road, Suite 600, Alpharetta, GA 30005 (fax: (678) 992-7538) within seven (7) days of executing this General Release.  You understand that if you revoke this
General Release you will not be entitled to any benefits as set forth in Section
6.d of your Employment Agreement.

	
  Read, Accepted and Agreed
  to:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Daniel J. Schaefer

  	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  
					

 

 16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]