Document:

Form of Incentive Bonus Plan

 Exhibit 10.18 
  
 

 
  
 Incentive Bonus Plan 
 Republic Underwriters Insurance Company 
  

			
	Purpose	    	The purpose of the Incentive Bonus Plan is to promote the achievement of excellent performance and results of employees and the Company by rewarding and, thereby, providing an incentive to
eligible employees whose teamwork and efforts contribute to the success of the Company.
		
	Definitions	    	“Board” shall mean the Board of Directors of Republic Underwriters Insurance Company.
		
	 	    	“Company” shall mean Republic Underwriters Insurance Company.
		
	 	    	“Plan” shall mean the Incentive Bonus Plan of Republic Underwriters Insurance Company.
		
	 	    	“President” shall mean the President of Republic Underwriters Insurance Company.
		
	 	    	“Return on Equity” (ROE), for the purpose of this Plan, shall mean the sum of underwriting results and investment results, divided by allocated capital.
		
	 	    	“Restricted Stock” shall mean stock of Republic Companies Group, Inc. that is awarded to an employee who is restricted from selling or transferring the stock until the employee
acquires a vested right in the stock. A Restricted Stock award shall vest over a three-year period from the date of the award at the rate of 33 and 1/3 percent per year.
		
	 	    	“Incentive Bonus Award” shall mean an award made under the Company’s Incentive Bonus Plan and is composed of 75% cash, 25% Restricted Stock and a Restricted Stock Premium;
provided, however, in the President’s sole discretion the Restricted Stock and stock premium portion of the Incentive Bonus Award may be paid in cash equal to the Fair Market Value of the applicable Restricted Stock (without regard to its
vesting provisions) and stock premium whereby the Fair Market Value has the meaning set forth in the Republic Companies Group, Inc. 2005 Equity-Based Compensation Plan (the “Equity-Based Plan”). Notwithstanding the foregoing, if cash is
substituted for the payment of Restricted Stock, the President may in his sole discretion provide that the Incentive Bonus Award shall not consist of any Restricted Stock Premium. The total value of an Incentive Bonus Award shall be expressed as a
percentage of the employee’s base salary. The Restricted Stock component shall be based on the value of the stock on the date of the award.

  

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 Incentive Bonus Plan 
  

			
	 	    	“Restricted Stock Premium” shall mean a supplemental stock award equal to 33 and 1/3 percent of the Restricted Stock component of the Incentive Bonus Award provided as a hedge
against fluctuations in stock value.
		
	 	    	All Restricted Stock and Restricted Stock Premiums awarded pursuant to the Plan shall be issued pursuant to the Equity-Based Plan and a prerequisite of the grant of the Restricted Stock and
Restricted Stock Premium shall be compliance with all the terms and conditions of the Equity-Based Plan.
		
	Eligibility	    	Company officers and employees in job grades 26 and above are eligible to participate in the Plan. At the discretion of the President, other employees in job grades 22 and above and exempt
profit center employees in job grades 18 and above may be eligible to participate in the Plan.
		
	 	    	If an employee becomes a participant in the Plan during a calendar year, he or she may be eligible, at the discretion of the President, for a pro rata share of a bonus based on the portion of
the calendar year he or she was a participant. If an employee who is a participant in the Plan moves from one job grade level to another during a calendar year, he or she may be eligible, at the discretion of the President, for a bonus pro rated on
the basis of time spent at each job grade level during the calendar year.
		
	 	    	An eligible employee who dies or retires, or whose employment is otherwise terminated during the calendar year, or who becomes ineligible to participate in the Plan during the calendar year,
or gives notice of his or her intent to terminate his or her employment subsequent to the end of the calendar year but prior to the date on which the Incentive Bonus Awards are issued, may receive all, none, or any part of the amount such employee
would have received if his or her eligibility had been for the full calendar year. In determining what bonus, if any, such employee is to receive, the President may consider, among other matters, the employee’s performance during the calendar
year and the number of months during the calendar year the employee was eligible to participate in the Plan.
		
	 	    	If an employee’s employment with the Company is terminated for any reason, including death, disability, termination by the Company or resignation by the employee, prior to any of the
vesting dates of the Restricted Stock award, then all unvested shares of Restricted Stock shall be immediately forfeited as of the date of termination. At the discretion of the President, restrictions or forfeitures relating to Restricted Stock of
an employee may be waived in whole or in part and such waiver may vary among individual employees.

  

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 Incentive Bonus Plan 
  

					
	Performance Measurement	    	The central measurement element of the Plan will be “Return on Equity” (ROE). Each year, the Board will approve a Company Target ROE and a Target combined ratio for each
designated Business Unit. Profit Centers will be judged on Target combined ratio. Support Units will be judged on specific results that are key to performance and the Company Target ROE. Service Income Units will be judged on Target net
income.
		
	 	    	In addition to Target performance levels, the Board will approve Unacceptable, Threshold and Stretch performance levels. Performance levels for the Plan year will be communicated
to all eligible participants subsequent to approval by the Board.
		
	Individual Awards	    	The amount of potential individual Incentive Bonus Awards is determined as set forth below and in Exhibit A.
		
	 	    	If Target performance levels are achieved, the “standard award” opportunity for individual eligible participants, by job grade, is as follows:
			
	 	    	 •      President:
	  	75% of base salary
	 	    	 •      Grade 70:
	  	50% of base salary
	 	    	 •      Grade 60:
	  	30% of base salary
	 	    	 •      Grade 26 through 28:
	  	20% of base salary
	 	    	 •      Grade 18 through 25:
	  	10% of base salary
		
	 	    	The total value of an Incentive Bonus Award is expressed as a percentage of an employee’s base salary. The Award is composed of 75% cash, 25% Restricted Stock or cash as
applicable, and a stock premium as applicable all as described in the Definitions section of this Plan document.
		
	 	    	If Threshold performance levels are achieved, the standard award will be 50% of the Target standard award.
		
	 	    	If Stretch performance levels are achieved, the standard award will be up to 150% of the Target standard award.
		
	 	    	If Unacceptable performance levels (results below the Threshold level) are achieved, no bonus will be paid under the Plan.
		
	 	    	If performance results are less than or greater than Target (but above the Threshold level and below the Stretch level), the standard bonus opportunity (and, consequently, the
final awards) will be proportionately higher or lower.
		
	 	    	In recognition of differences in the personal performance and contribution level of participants within a Business Unit, Support Unit or Service Income Unit, each participant will
receive an individual

  

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 Incentive Bonus Plan 
  

					
	 	    	“qualitative performance rating” from the applicable manager. Based on the assigned rating, the following will apply:
		
	 	    	 •      1 Rating - eligible for standard award

	 	    	 •      +1 Rating - eligible for 120% of the standard award

	 	    	 •      -1 Rating - eligible for 75% of the standard award

		
	Payment of Bonuses	    	Any bonus to be made will be paid after year-end results necessary to calculate such bonus are available. Payment of the cash component of the bonus shall be made in a lump
sum.
		
	General Provisions	    	The Plan shall be effective as of January 1, 2005 and shall apply to Incentive Bonus Awards paid for performance in calendar year 2005 and thereafter. The Plan shall continue
indefinitely unless terminated by the Company.
		
	 	    	Bonus payments are excluded from determining compensation for other benefits, including, but not limited to, the Profit Sharing Plan (to the extent allowed pursuant to the Profit
Sharing Plan document) and life insurance plans maintained by the Company.
		
	 	    	The Company has the right, in its sole discretion, to:
	 	    	 (i)     construe, interpret, revise, amend and administer the Plan;

	 	    	 (ii)    make all determinations deemed necessary or desirable for the Plan’s
operation;

	 	    	 (iii)  terminate the Plan at any time, with or without notice; and

	 	    	 (iv)   determine any employee’s eligibility to participate in the Plan at any time.

		
	 	    	This Plan does not constitute a contract of employment nor does it confer any rights to continued employment. The Company retains the right to terminate the employment of any
employee with or without notice at any time.
		
	 	    	No individual shall have any vested rights in any part of a bonus until a distribution is made to him or her pursuant to the Plan.
		
	 	    	The Company shall withhold from all bonus payments made under this Plan any federal, state or local taxes required to be withheld with respect to such payments.

  

 4Confidential Severance and Release Agreement dated July 16, 2005

 EXHIBIT 10.1 
  
 CONFIDENTIAL SEVERANCE AND RELEASE AGREEMENT 
  
 THIS SEVERANCE AND RELEASE AGREEMENT (“Severance Agreement”) is made by and between Fred Lash (hereinafter
“LASH”) and Hooper Holmes, Inc. (“HOOPER”): 
  
 RECITALS 
  
 WHEREAS, for purposes
of this Severance Agreement, “HOOPER” means HOOPER HOLMES, INC., and each and all of its present and former parent and subsidiary corporations, departments, divisions, affiliates, representatives and agents, employees, directors, officers,
attorneys, current or former board members and administrators, whether in their official or individual capacities, or any pension or benefit plan applicable to the present and former employees of HOOPER, and all predecessors, and/or successors in
interest; and 
  
 WHEREAS, as a result of LASH’s
separation of employment with HOOPER, and to fully and finally resolve any and all issues concerning LASH’s employment relationship with HOOPER, from the beginning of time up to the date of this Severance Agreement, HOOPER and LASH have decided
to enter into this Severance Agreement. 
  
 NOW, IN
CONSIDERATION of the payments to LASH provided for herein, and other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, and the mutual promises and covenants contained herein, the parties agree as
follows: 
  
 1. Resignation as CFO/Separation of
Employment. HOOPER and LASH agree that LASH will resign as Chief Financial Officer (“CFO”) and as an officer of Hooper effective September 15, 2005 (“Resignation Date”). HOOPER and LASH further agree that he will remain an
employee of HOOPER on inactive status beginning on September 16, 2005 and continuing for twenty-four (24) months through September 15, 2007. LASH’s employment relationship with HOOPER will be terminated with his retirement on September 15, 2007
or upon his death, whichever event occurs sooner (“Termination Date”). 

 (a) Severance. As consideration for LASH’s execution of and compliance with this Severance
Agreement, in addition to those items set forth in subparts (b)-(g) of this Paragraph, HOOPER agrees to pay LASH twenty-four (24) months of pay based upon an annual rate of $249,952 (“Severance”). Semi-monthly payments in the gross amount
of $10,414.69 will be made on the regular pay days for HOOPER employees. This Severance shall be subject to all appropriate federal and state withholding, employment taxes and wage garnishments. LASH will not be eligible to receive any cash or
non-cash compensation that may hereafter be awarded to one or more executive officers of HOOPER. 
  
 (b) Auto. HOOPER agrees to purchase for LASH his present automobile pursuant to his GMAC “Smart Buy” retail installment sales contract
and to turn over title to LASH within a reasonable time after June 30, 2006. HOOPER agrees to compensate LASH for any direct tax consequences associated with this purchase. 
  
 (c) Outplacement. HOOPER agrees to provide LASH with outplacement services up to a maximum of $10,000. LASH may
select the outplacement company and upon submission of a receipt for the payment for such services, HOOPER shall reimburse LASH for such expenses. HOOPER agrees to compensate LASH for any tax consequences directly associated with the outplacement
reimbursement. 
  
 (d) Legal Fees. HOOPER agrees to
reimburse LASH for legal fees related to the negotiation and execution of this Agreement, up to a maximum of $10,000. 
  
 (e) Benefits Continuation. As further consideration for LASH’s execution of and compliance with this Severance Agreement, HOOPER will continue
to provide all benefits available to LASH presently, except long term disability, for six months through March 15, 2006. Beginning March 15, 2006 and continuing through September 15, 2007, HOOPER will continue to maintain LASH on its health, dental
and life insurance plans. In addition, LASH will have the opportunity and responsibility to elect COBRA continuation coverage pursuant to the terms of that law and will thus be responsible for the execution of the continuation of coverage forms upon
termination of his insurance coverage. LASH will be responsible for all COBRA 

  

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payments. LASH acknowledges and agrees that he is required to immediately contact HOOPER in writing if he becomes eligible to receive medical benefits
through a new employer, if he obtains medical benefits from another source, or if he otherwise becomes disqualified for medical benefits or COBRA from HOOPER. Further, HOOPER reserves the right to amend, modify or terminate its benefit coverages as
presently afforded to LASH, including but not limited to health, dental and life, at any time at the sole discretion of HOOPER, provided that any such amendment, modification or termination of such benefit coverages are not made solely to deny LASH
or his dependents coverage thereunder. 
  
 (f) SERP. HOOPER
agrees to make the annual payments into Mr. LASH’s life insurance policy in February 2006 and February 2007, assuming the policy remains in existence and is not terminated by Lash or upon his death. 
  
 (g) Future Employment/Continued Payments/Non-compete. Nothing herein prevents
LASH from obtaining new employment prior to September 15, 2007. Lash agrees and acknowledges, however, that any new employment shall not result in the disclosure or inevitable disclosure of confidential information protected in Paragraphs 6 and 7
hereof. LASH further agrees that he will only accept employment with a non-competitor of HOOPER. 
  
 (i) Employment with Non-Competitor. LASH and HOOPER agree that LASH may obtain employment with a non-competitor of HOOPER. In the event of
employment with a non-competitor, LASH’s right to the twenty-four (24) months of severance and SERP payments noted above shall continue, however his employment with Hooper shall be deemed to be terminated as of the date of his new employment
and all benefits set forth in Paragraph 1(e) shall cease. 
  
 (ii) Non-Compete. LASH further agrees that in exchange for the consideration provided by HOOPER, as set forth herein, LASH shall not for a period of two (2) years following September 15, 2005 provide any services as an employee,
agent, owner, stockholder, partner, officer, director, contractor, consultant, advisor or investor for any company, entity or other organization that provides the same services as HOOPER. LASH 

  

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acknowledges that this non-compete is necessary and reasonable to protect HOOPER’s business interests and to prevent inevitable disclosure of
HOOPER’s Confidential Information. LASH acknowledges that HOOPER will suffer irreparable harm and other damage in the event of a breach of this provision and agrees that HOOPER shall be entitled to injunctive relief, and such other relief as
the courts shall grant it, in the event of any breach or threatened breach of this provision. LASH agrees that the term and scope of the covenants contained herein are reasonable. However, in the event that a court finds this provision to be
unreasonable in terms of duration or territory, the court may modify this provision as it deems appropriate and reasonable. 
  
 (iii) Payment in the Event of Death. Should LASH die prior to September 15, 2007, any remaining severance shall be paid, in a lump sum less the
value of LASH’s company life insurance policy of $50,000, which will be separately paid to his estate, within thirty (30) days of notification of LASH’S death. Benefits continuation for eligible surviving family members shall be governed
by the applicable plans and applicable laws. 
  
 (h)
Sufficiency of Consideration; No Admission of Liability. The parties agree that the consideration paid to LASH is good and sufficient consideration for this Severance Agreement. The parties further agree that these amounts are greater than
what LASH is entitled to receive from HOOPER under HOOPER’s policies and applicable law. LASH acknowledges that neither this Severance Agreement, nor payment of any consideration pursuant to this Severance Agreement, shall be taken or construed
to be an admission or concession of any kind with respect to alleged liability or alleged wrongdoing by HOOPER. 
  
 2. (a) General and Specific Release and Waiver of Claims by LASH. LASH, in consideration of the promises and covenants made by HOOPER in this
Severance Agreement, hereby knowingly and voluntarily compromises, settles and releases and forever discharges HOOPER, its present and former parent, subsidiaries, divisions, affiliates, agents, employees, directors, officers, predecessors,
successors, and assigns from any and all actions, causes of action, suits, claims, charges or complaints, known or unknown, which LASH has, may have, or claim to have, for everything and anything that has occurred from the beginning of time through
the date of this Severance Agreement, including all of LASH’s asserted claims. 
  

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 LASH acknowledges that the above general and specific releases include, but are not limited to, claims
arising under federal, state, and local laws prohibiting employment discrimination, whistleblowing or retaliation, claims arising under the common law, including but not limited to, claims for breach of contract, promissory estoppel, negligent or
intentional infliction of emotional distress and defamation, and any other claims arising in any way from LASH’s employment and cessation of employment, and any conduct by James M. McNamee or HOOPER, and its present and former subsidiaries,
divisions, affiliates, agents, employees, directors, officers, predecessors, successors, and assigns from the beginning of time through the date of this Severance Agreement. 
  
 By way of specification, but not of limitation, LASH hereby expressly waives and releases any and all claims or rights
arising under Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. §§ 2000e, et seq., Section 1981 of the Civil Rights Act of 1866, as amended, 42 U.S.C. §§ 1981, the New Jersey Law Against Discrimination,
N.J.S.A. 10:5-1 et seq., the New Jersey Conscientious Employee Protection Act, N.J.S.A. 34:19-1, et seq., the New Jersey Wage and Hour laws N.J.S.A. 34:11-56a, et seq., and the New Jersey Family Leave Act, N.J.S.A. 34:11B-1,
et seq., the Age Discrimination in Employment Act of 1967, 29 U.S.C. § 626, et seq., the Americans with Disabilities Act, 43 U.S.C. § 12101 et seq., the Family and Medical Leave Act, 29 U.S.C. §2601 et
seq., the Employee Retirement Income Security Act 29 U.S.C. § 1001 et seq., the Sarbanes-Oxley Act of 2002, 18 U.S.C. § 1514A, any and all claims under New Jersey law, and any and all claims for compensatory and punitive damages
and attorneys’ fees, costs or other expenses incurred by LASH’s attorneys in pursuit of any claim by LASH. 
  
 2. (b) General Release and Waiver of Claims by HOOPER. HOOPER, in consideration of the promises and covenants made by LASH in this Severance
Agreement, hereby knowingly and voluntarily compromises, settles and releases and forever discharges LASH from any and all actions, causes of actions, suits, claims, charges or complaints, known or unknown, which HOOPER has, may have or claim to
have, for everything or anything that has occurred from the beginning of time through the date of this Severance Agreement. 
  

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 3. Consideration and Revocation Periods; Effective Date. LASH understands that the ADEA requires
HOOPER to provide LASH with at least twenty-one (21) calendar days to consider this Severance Agreement (“Consideration Period”) prior to its execution. LASH also understands that he is entitled to revoke this Severance Agreement at any
time during the seven (7) days following LASH’s execution of this Severance Agreement (“Revocation Period”) by notifying HOOPER in writing of his revocation. This Severance Agreement shall become effective on the day after the
seven-day Revocation Period has expired unless timely notice of LASH’s revocation has been delivered to HOOPER (the “Effective Date”).  
  
 4. Return of Company Property. At the time of LASH’s Resignation Date, LASH acknowledges that he will return to HOOPER any and all documents,
keys, records and all other tangible things which are the property of HOOPER. LASH may retain his home fax machine. 
  
 5. Cooperation. Upon invoking the rights and benefits provided for in this Severance Agreement, LASH agrees to make himself reasonably available to
HOOPER, to the extent necessary, to transition his successor, for a period of up to ninety (90) days following the Effective Date, as defined in Section 3 hereof. In addition, LASH agrees to reasonably cooperate with HOOPER during the period he is
an inactive employee with respect to any litigation in which he has relevant knowledge. LASH shall be reimbursed for any travel related expenses incurred in connection with this Paragraph 5. 
  
 6. Confidential Information. LASH represents that he has held
confidential all non-public lists of customers, prices, business plans, strategic plans, and other non-public financial information and other confidential or proprietary information of HOOPER and shall continue to do so and that he shall not use or
disclose any such information in any manner, either directly or indirectly, for LASH’s own benefit or for the benefit of any other person or other entity without the prior written consent of HOOPER, and the granting of such consent shall remain
in the sole discretion of HOOPER at the time of his Resignation Date. LASH shall return to HOOPER, 

  

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and shall not take or copy in any form or manner, any lists of customers, prices, business plans, strategic plans and other non-public financial information
and other confidential and proprietary information of HOOPER in his possession. LASH and his counsel further agree that they will notify HOOPER’s General Counsel in writing within five (5) calendar days of the receipt of any subpoena, court
order, administrative order or other legal process requiring disclosure of information subject to this confidential information provision so that HOOPER may seek an appropriate protective order or other appropriate remedy or waive compliance with
the provisions hereof. LASH shall reasonably cooperate with HOOPER to obtain such a protective order or other remedy. If such order or other remedy is not obtained prior to the time LASH is required to make the disclosure, or HOOPER waives
compliance with the provisions hereof, LASH shall disclose only that portion of the confidential or proprietary information which he is advised by counsel that he is legally required to so disclose. The provisions of this Paragraph are necessary for
the protection of the business and goodwill of HOOPER and are considered by HOOPER to be reasonable for such purpose. LASH agrees that any breach of any of the terms of this Paragraph may cause HOOPER substantial and irreparable damages and,
therefore, in the event of any such breach, in addition to other remedies which may be available HOOPER shall have the right to seek specific performance and other injunctive and equitable relief, and LASH agrees not to oppose the granting of such
injunctive and equitable relief on the basis that HOOPER has an adequate remedy at law.  
  
 7. Confidentiality. LASH acknowledges and understands that the confidentiality of this Severance Agreement is of the utmost concern to HOOPER and
that HOOPER would not have entered into this Agreement without his promise to keep this Severance Agreement confidential. Accordingly, LASH agrees that the existence and terms and conditions of this Severance Agreement shall remain confidential, and
LASH and his representatives hereby represent, promise and agree that they have not disclosed and will not disclose the terms of this Severance Agreement to any person other than LASH’s (1) accountant, (2) attorneys, or (3) any tax professional
to whom such disclosure is necessary for the preparation of LASH’s income tax 

  

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returns, (4) spouse, or (5) the Internal Revenue Service, unless such disclosure is (i) lawfully required by specific directive of a government agency; (ii)
otherwise required to be disclosed by law (such as legally required financial reporting), order of a court of competent jurisdiction and/or subpoena; or (iii) necessary in any legal proceeding between the parties in order to enforce any provision of
this Agreement. If LASH discusses matters covered by this Paragraph with his spouse, legal counsel or financial advisor pursuant to the exception contained herein and any such person then publicizes any such matter, it shall be treated as if LASH
himself made the publication. LASH hereby agrees that his intentional disclosure of the existence or terms shall be a material breach of this Agreement and that the provisions of this Paragraph are necessary for the protection of the business and
goodwill of HOOPER and are considered by HOOPER to be reasonable for such purpose. LASH agrees that any breach of any of the terms of this Paragraph may cause HOOPER substantial and irreparable damages and, therefore, in the event of any such
breach, in addition to other remedies which may be available, HOOPER shall have the right to seek specific performance and other injunctive and equitable relief. LASH further agrees that if HOOPER successfully prevails in a lawsuit against LASH with
respect to any breach of this Paragraph 7 then HOOPER shall be entitled to reasonable attorneys fees and costs as determined by the Court. If LASH prevails in the lawsuit, he shall be entitled to reasonable attorneys fees and costs as determined by
the Court. . LASH further agrees that he will notify HOOPER’s General Counsel in writing within five (5) calendar days of the receipt of any subpoena, court order, administrative order or other legal process requiring disclosure of information
subject to this confidentiality provision. LASH and his counsel agree and represent that their only comment with regard to either LASH’s asserted claims or the fact or terms of this settlement shall be: “The parties have resolved their
differences.” The parties acknowledge and agree that HOOPER shall make all necessary disclosures relating to this Agreement in its securities filings and that such disclosures shall not be deemed to be a breach of this Agreement. 
  
 8. No Disparagement. LASH and HOOPER hereby agree and promise that
they will not at any time after the execution of this Agreement intentionally make, publish or cause to 

  

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be made or published, any false or disparaging statements or comments which in any way relate to, refer to or concern HOOPER or Lash, . LASH and HOOPER
hereby agree that if they intentionally make, publish, or cause such false or disparaging statements or comments to be made or published, then such intentional disparagement shall be a material breach of this Agreement. The provisions of this
Paragraph are necessary for the protection of the business and goodwill of HOOPER and are considered by HOOPER to be reasonable for such purpose. HOOPER agrees that any intentional breach of any of the terms of this Paragraph may cause HOOPER
substantial and irreparable damages and, therefore, in the event of any such breach, in addition to other remedies which may be available, HOOPER shall have the right to seek specific performance and other injunctive and equitable relief. LASH
further agrees that if HOOPER successfully prevails in a lawsuit against LASH with respect to any breach of this Paragraph 8 then HOOPER will be entitled to reasonable attorneys fees and costs as determined by the Court. If LASH prevails in the
lawsuit, he shall be entitled to reasonable attorneys fees and costs as determined by the Court. 
  
 9. HOOPER agrees to indemnify and defend LASH pursuant to the indemnification agreement already existing between the parties in any claim brought against
LASH personally arising out of his employment with HOOPER so long as such acts were not intentional and/or outside the scope of his employment. 
  
 10. Representation by Attorney. LASH acknowledges that LASH has carefully read this Severance Agreement; that LASH understands its final and
binding effect; that LASH has been given the opportunity to be represented by independent counsel in negotiating and executing this Severance Agreement and that LASH has been advised by counsel regarding the terms and effect of this Severance
Agreement at the time he executed the Settlement and Release Agreement referenced above and has had the subsequent opportunity to do so since that time; and that LASH understands the provisions of this Severance Agreement and knowingly and
voluntarily agrees to be bound by them. 
  

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 11. No Reliance Upon Representations. LASH hereby represents and acknowledges that in executing
this Severance Agreement, LASH does not rely and has not relied upon any representation or statement made by HOOPER or by any of HOOPER’s past or present agents, representatives or attorneys with regard to the subject matter, basis or effect of
this Severance Agreement other than as set forth in this Severance Agreement. 
  
 12. Entire Agreement. This Severance Agreement shall contain the entire agreement between the parties, and shall not be modified except in writing signed by the party to be bound.  
  
 13. Severability. If a court finds any provision of this Severance
Agreement void, invalid or unenforceable as applied to any circumstance, the remainder of this Severance Agreement and the application of such provision shall be interpreted so as best to effect the intent of the parties hereto. The parties further
agree to replace any such void, invalid or unenforceable provision of this Severance Agreement with a valid and enforceable provision that will achieve, to the extent possible, the economic, business, or other purposes of the void or unenforceable
provision. 
  
 14. Governing Law. This Agreement shall be
governed by the laws of the State of New Jersey without giving effect to any conflicts of law principles. The parties also agree that the state and federal courts in the State of New Jersey shall have exclusive jurisdiction and venue over the
subject matter hereof. 
  

					
	 	  	HOOPER HOLMES, INC.
			
	 Date: July 16, 2005
	  	By:	  	 /s/ Quentin J. Kennedy

	 	  	Name:	  	Quentin J. Kennedy
	 	  	Title:	  	Director
		
	 Date: July 14, 2005
	  	ACCEPTED AND AGREED:
			
	 	  	By:	  	 /s/ Fred Lash

	 	  	 	  	FRED LASH

  
 Sworn and subscribed before me this

 14th day of July,
2005. 
  

	
	 /s/ Janice R. Paquette

	 Janice R. Paquette

	 Notary Public

  

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