Exhibit 99.1
5995 Plaza Drive
Cypress, California 90630
July 28, 2005
Mr. Peter A. Reynolds
1934 Port Locksleigh Place
Newport Beach, CA 92660
Dear Pete:
This letter constitutes written notice, pursuant to Section 2.1 of your Senior Executive Employment Agreement (“Agreement”), that PacifiCare Health Systems, Inc. is extending your Agreement for a period of one year. Accordingly, the term of your new Agreement now extends through October 2, 2006.
Please call Karen Williams in Compensation, or me if you have any questions.
Sincerely, | ||||
/s/ Gregory W. Scott | ||||
Gregory W. Scott Executive Vice President, Chief Financial Officer | ||||
/s/ Peter A. Reynolds | August 1, 2005 | |||
Peter A. Reynolds | Date |