Document:

Exhibit 10.2

 

SENECA TERRITORY GAMING
CORPORATION

 

 

June 29, 2005

 

Michael D’Amato

Klewin Gaming &
Hospitality, Inc.

40 Connecticut Avenue

Norwich, CT 06360

 

Re:      Letter of
Agreement for Mutual Termination of the Seneca Allegany Casino Agreement dated
September 1, 2004

 

Ladies and Gentlemen:

 

The Seneca Territory Gaming
Corporation (“STGC”), a wholly owned
subsidiary of Seneca Gaming Corporation, a governmental instrumentality of the
Seneca Nation of Indians, and Klewin Gaming & Hospitality, Inc. (“Klewin” and together with STGC, the
“Parties” and each a “Party”) have mutually determined to
terminate the Agreement by and between STGC and Klewin dated September 1, 2004
(the “Agreement”), on the terms set forth
in this Letter of Agreement as follows:

 

1.     Termination.  As of and on July 13, 2005 (the “Termination Date”), (a) the
Agreement is, and shall be deemed to be, terminated and shall have no further
force or effect except as set forth in Paragraphs 2 and 6 below, (b)
each of the Parties hereby releases and forever discharges the other Party, and
all of its affiliates, subsidiaries and successors from all liability
(including, but not limited to, all compensation and payment obligations,
claims, demands, damages, liabilities and causes of action whatsoever, known or
unknown, that such party has or may have as a result of, or in connection with,
events related to or arising from the Agreement) except as set forth in Paragraphs
2 and 6 below and (c) each Party hereby waives the application of Article
12 of the Agreement to the termination of the Agreement except as set forth in Paragraph
6 below.

 

2.     Survival and
Continuation of Certain Sections.  Article 10 Dispute Resolution – Mediation and
Arbitration and Sections 11.1 and 11.6 of the Agreement shall be deemed to be
part of this Letter of Agreement as if set forth herein.  Sections 11.4 and 11.5 shall survive the
termination of the Agreement with respect to any damages or liability arising
out of or resulting from performance of the Work on or prior to the Termination
Date.

 

3.     Termination
Payment.  On the Termination Date, STGC
will pay to Klewin the amounts set forth on Schedule 1 hereto.

 

 

4.     Equipment,
Vehicles and Materials.  On
the Termination Date, STGC will cause Seneca Construction Management Corporation,
owned, managed and operated by, or by members of,
the Seneca Nation of Indians (“SCMC”), to
purchase from Klewin the equipment and materials listed on Schedule 2
hereto at the respective book value for each set forth on Schedule 2.

 

5.     Tribal Employees.  On the Termination Date, STGC will cause SCMC
to hire the tribal employees listed on Schedule 3 hereto on the terms
and conditions set forth on Schedule 3.

 

6.     Third-Party
Contractor.  In the
event that STGC, or other Seneca Nation of Indians entity, hires a third-party
(including, but not limited to, any construction manager, general contractor or
similar entity) not wholly-owned and controlled by the Seneca Nation of Indians
within two (2) years after the Termination Date to perform all or substantially
all of the non-design portion of the Work, then Klewin shall be entitled to
assert such claim as it otherwise would have had for wrongful termination under
the Agreement, but only to the extent that the value of such claim exceeds the
aggregate value of payments, acquisitions and undertakings made and performed
by STGC and SCMC pursuant to this Letter of Agreement.

 

7.     Defined Terms.  All capitalized terms not otherwise defined
herein shall have the meanings specified for such terms in the Agreement.

 

8.     Representations
of the Parties.  Each of the Parties hereby represents and
warrants, as to itself, as follows:

 

a.     It has the
power and authority to execute and deliver this Letter of Agreement and has
taken all necessary action to authorize the execution, delivery and performance
of this Letter of Agreement.

 

b.     This Letter of
Agreement has been duly executed and delivered by it and constitutes its legal,
valid and binding obligation, enforceable in accordance with its terms.

 

c.     No consent,
approval, authorization or order of, or filing, registration or qualification
with, any court or governmental authority or third party is required in
connection with the execution, delivery or performance by it of this Letter of
Agreement.

 

9.     Lien
Waiver. 
Subject only to STGC’s performance under Paragraphs 4, 5 and 6 above,
Klewin does hereby waive and release, and indemnify STGC for and against, any
and all liens, claims, charges, encumbrances, security interests and other
possessory and non-possessory interests of Klewin and its subcontractors in the
nature of mechanics’, labor or materialmen’s liens in, on or against the Work,
the site of the Work, and any and all real, tangible and intangible property
incorporated therein or relating thereto, or on account of labor, services,
improvements, equipment, and any other materials, fixtures, apparatus or 

 

 

machinery furnished by Klewin and its
subcontractors in respect of the Work (“Claims”). Klewin does hereby certify
that there are no known Claims arising out of or in connection with the
performance by Klewin or any subcontractor of the Work under the Agreement
outstanding or known to exist at the Termination Date; all bills with respect
to the Work performed under the Agreement as of the Termination Date have been
paid and there is no known basis for filing any Claims arising out of or in
connection with the performance by Klewin or any of its subcontractors of the
Work under the Agreement.

 

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SENECA TERRITORY GAMING CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John Pasqualoni

  	
   

  
	
   

  	
   

  	
  Name:

  	
  John Pasqualoni

  	
   

  
	
   

  	
   

  	
  Title:

  	
  President & CEO

  	
   

  
						

 

Attachments
(Schedules)

 

Agreed to and accepted:

KLEWIN GAMING & HOSPITALITY, INC.

 

 

	
  By:

  	
  /s/ Michael D’Amato

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Michael D’Amato

  	
   

  	
   

  
	
   

  	
  Title:

  	
  President & CEOExhibit 10.1

 

April 21, 2005

 

Michael Clark

42225 N. Olympic

Fields Court

Anthem, AZ 85086

 

Dear Mike:

 

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

 

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

 

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

 

3.             Termination
for Cause.  For purposes of this
Agreement, “Cause” means the occurrence of any of the following:  (1) Employee’s refusal, willful failure
or

 

 

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

 

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

 

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

 

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

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  MEDQUIST INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Accepted and Agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Michael Clark

  	
   

  
					

 

2

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