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Oral Agreement between Registrant and James W. McLane

Fee Agreement

Oral Agreement between Registrant and James W. McLane | Document Parties: HEALTHAXIS INC | James W. McLane, You are currently viewing:
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HEALTHAXIS INC | James W. McLane,

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Title: Oral Agreement between Registrant and James W. McLane
Date: 3/29/2006
Industry: Software and Programming    

Oral Agreement between Registrant and James W. McLane, Parties: healthaxis inc , james w. mclane
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Exhibit 10.35

Oral Agreement between Registrant and James W. McLane

The Company is a party to a Change in Control Employment Agreement dated January 1, 2002 with James W. McLane, its Chairman and former Chief Executive Officer (the “Agreement”). The Agreement was amended pursuant to a First Amendment dated January 1, 2003 and a Second Amendment dated May 13, 2005 (the “Second Amendment”). On November 19, 2005, the Company’s Compensation Committee, on behalf of the Company, and Mr. McLane reached an oral agreement to modify the Agreement, as amended. Under the terms of this oral agreement, effective as of January 1, 2006, Mr. McLane ceased to be an employee and now provides consulting services to


 
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