Free Opening Brief in Support - District Court of Delaware - Delaware

Case 1 :04-cv—01565-SLR Document 43-5 Filed 05/05/2005 Page1 0f4
EXHIBIT C

U V" ,..` ln L A ' G Y. ’ - iaooolnnev srzeer inert E500 U
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0 arronnttsar l-M" 0 5 geaasizoos-0i.i¤:ta,rs· zzos iinsisimw 0
. 0 ‘·.` 0 -‘ ` ianuery 7, 2003 · 0 `
· BARRY E. BRESSLER 0 00 · 0 -
tiirect Dial 2l5·75l-2050 ‘ .' ~ 0 l " 0
Dir:c=`Fax 215-751.33435 0 _0 0 · _ __ _ 00 - 00 _ 0 g _ 0 _
Emern¤r.=\¤ldi·ess:bhr:s:ierl?}zscEenader0c¤in _ ' ‘ 0- _ 0_ 0 ‘ " ` in 0 .
_ _ 0 - 0 A _ 00 _ 0 ‘ E_$\·\\Bl -0 0
VU. FACSIMILE #312 621 1'7"0 l l l E Q7 l`
_0 - p been N. Schreiber, Esquire _ 00 - I __ ` n A
_ Much Siielist Freed Denenloerg Arnent dl: Rubenstein 0` ` _ ` · J · ·
· 200 North LaSalle Street, Suite 2100 0 ` 0 ` 0 0c
0 Chicago, IL 60601 0 ‘ . 0 ` A
0 0 0 Re: ln rei Coram Healthcare Corp., Debtor l ‘ 0 0- -0
_‘ 0 _ _ - fDaniel D. Crowley P ‘0 0 `
0 Dee! M11 Sclireiberti. 0 r " ‘ · ‘ l l 0 _.
0` 0 - Per our additional tiiscossions, 'Arlin M. Adams, the Chapter l l Trustee for *
0 Coram l—leaitlicare· Corporation (“Coram”) and Daniel D. Crowley {“Dan"`) have entered into in _0
0 letter agreement ( the Transition .A.gtreement"}0 for terminating Dans prior 0Employmem
0 0 0 A5_.zreement end e>;tending his employment. The Transition-.Agreenientwill be submitted to time 0
‘ Banltr¤.iptcylCoort for approval, j A 0 0 ` 0 - ‘
l U 0 U ` l ` _ This letter will serve to reflect the intent as to an additional settlement agreement 0 l -
€"Senlenient Agi·eement°') to be entered into between tlie0'l`rustee and Dan, suloiectto aa formal. p
· l' agreement being drawn and sol¤j‘ect, oi` course, to approvals of the Banlcruptcyi-0Coo1·t. The _
Settlement Agreement is being negotiated and finalized in connection with tile Transition 0 _ - _
Agreement, and will include the following terms: 0 r · ·_ 0 ‘
l l l. All of Dans contractual and eznployment claims for perfoi·ntance bonuses. _
` S _ ?:C.E0RP.MIP. and otherwise, including any and all claims under isis old Enipioynient .¤;gi·eenient0 ·
not dealt with in thelransition Agreement, will be comproniised and satisied by an additional ‘
A p · _ ` payment, upon tinal Plasi_co0riiEr:r1ation, of $2,000,000 and the exchange of releases proisidecl 0
· · below. ` 0 ‘ 0 ` p ‘ _ — ‘
2 0 A 2.. 0 Dan will release the Trustee and Debtors from any turthernclaitns as part of the
· _ A Plan md the Trustee and`Debtors will in turn release Dan from all proposed tierivative: claims 0 0
- and any other claims arising out of or related to such proposed derivative claims that tlte_Trustee0 `
· 0 · ` 0* n »Schnaderr liarrtison Segal & Lewis tw 0 0 _
~ 0 » 0 · 0 , . ¤ .DAT¤B i,0g$s;i.: r
` - , ‘ · ` 9 · 0PA P(°T5BURGH,FA SAN:-ElAH£0l4€'J,QA llllliilsllll .,.- l
0 0 acsruwmlx Nlw YQRK;hgANP;l4r|ll,.;g§;fr“.!Agpgartifl-a1l,L,KJ` tiAl'Bl$ll-ERLFA · `

A I Case 1 :04-ox/—0l565-SLR Document 43-5 Filed 05/05/2005 Page 3 Or 4
23t:iioeoier5 I e 5_ ij I 5 5 5_ -5
¤l'i"['C>¤.NE’r‘S·¤.T LAW I I _ . I I "
_ 5 5 Scott N. Schreiber, Esq. I I - I 5 - _ 5 I 5 . `
January 7, 2003 I _ 5 . · _
_ . Page 2 5 _ · __ ' ` _ ; 5 5
» 5 Corarn, any subsidiaries, `or any committees or entities claiming tltroogh them, may it-ave ageirisi
Dan, to the fullest ement approved by the Eankmptcy Court. _ p
I I I 5 I 3. The parties comemplate that tlie formal agreernent reflecting the above will be
finalized by January 31, 2003, and will be presented to the Bankruptcy Court for approval 5
thereafter, but in any event before a P-lan to be proposed by tljie Trustee ori. or before ?el:>roary 28,
2003, _ _ - ` - 5 , 5
I p I 4, lf the Bankruptcy Court fails to approve the Settlement Agreement, all of the
i ondeixakings of the parties will be void and the parties will return to their previous posltioiis, 5
5 retaining all claims which exist and all defenses thereto} The parties will only be legally bound
. . - ` upon approval of the formal agreement by the Bankruptcy Court. I . , 5 5
» .I ` I . 5 I I Sincerely, _ ,,/7 I _ _~ II - I _
p 5 f 5 5‘'` I · I ` 5~/If I li: I Q J! I I I
, 5 5 ie If i eg aaassL1-za 5 -,
I .I .Icct Arlin M, aeamg. Chapter ll Trustee . _ 5 _ I 5 I _ . p 5 _
_ i M:. Daniel Dr Crowley 5 5 5 a 5 It
. I . I . The Terms and Conditions above are hereby agreed to: e5 5 I I W 5 p I
. I DANZEL D. CROWLEY ` I I _I . p I 5 _ 5
_ I - ARLEN ADAMS, Cl-LAPTER ll TRUISTEE p - . ` - I _ ` I. I, W
_ 5 5 5_ - 5 _ 5 _. · J- 5 gb Ki . s=l-tD;·.T;¤ilossi1l“2 .
· _ U I Schgacler Harrison Segal & lewis ew X. Cl-l`-lin-l;$gST_EE· I

Case 1 :04-cv—O1565-SLR 4
I I v I _ 1 _ ’ I I |;)·0cL1menI43-5 4Fi|ed:O$/05/2005 Page 4 of 4
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_" . aC ` A _ U Barry E. Bressier, Esq. C l l l U I
C C I C C C C . 4 _ 215-151-2050 C - C .
- -4 - C ‘ Fax 215-751-2205 . 4 C 4 4 `
C U _ n ` nn TELECCPIER `I'RANS¥\!IISSiCI\i COVER SHEET 4 I ‘ T I
L C 4 C .1a¤IIai·; T, 200; I- i 4
C CC . scum Tc; Scctt N. Schreiber Esquire I C 4
.C4OIVIPAN‘·(`; Much Sheiist .4 4 . C
C _ FAX#: 4 (Z312)621-17504 . C C 4 V 4 C C 4 I _
‘ C 4 PHONE #: (312) 62141485 _ C ° 4 C 4 _ _ C _ 4 4 V
I 4 I IF§.OMZ` I Barry EC Bresssier, Esq. I _ C
._ - CLIENT #i4 3OG251$IGGO‘I C 4 4
‘_ AI I\’#:4 C 01295 4 . 4 ‘ 4 CC
, ‘ 4 RE: Coram ‘ 4 C 4 4 `
l I_ [ U C NCUN`|B§R OF PAGES INCLUDING COVER PAGE: 3 C M L I l l L U
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IF THERE I5 ILPROBLENI, CALL.: 2'i 5—?51-2051 ` l C ` C U C 4
I n n I Tiicninfcmiaciun cgniained in Im-s fax ccmmunicazinn is nransminccl by an amrney. Iz is griviicgéd and c¤nC§cicmiz¤.i. mwndaa C n
' . cniy Fc: the usc of the individuai ur cziziry named above. Hah: rizadur ufzhis mcsszigc is nm me eniznded rccipicm. you cr: . .
7 I1_cr:byvn¤tifi&d mat-any d4Iss•:g=:zi:sa1i¤n, diszribuiicn cr rcpmducziun nfnhis fax cnnwmunicarion is szséltaiy pr¤hibircdC IE`LI1is im 4C
. ccmmunicacicn Iw.sCinc¤u received in crrcr. pleas: Immediately nccify us bylcicphcnzi. c0%I::c¢:‘i2`Cncc:s:¤r5·. and rcnum {Exc crignxnl
_ message in us aa me abgv-; address by mzii {Ive: wiii rcimizursc gcsaagci. Thank you. " ‘ _ C 4 ‘ `
I ”_ 4_ 4 C ` -- Sqhnadcr Harrnisann S'-iQ2II'&rLQ\’¥i5`LLPr `I
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