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- 10-Q Quarterly report
- 3.1 Restated Certificate of Incorporation
- 10.1 Letter Agreement
- 10.2 Letter Agreement
- 10.3 Termination of Agreement
- 31.1 Certification of CEO Pursuant to Section 302
- 31.2 Certification of CFO Pursuant to Section 302
- 32.1 Certification of CEO Pursuant to Section 906
- 32.2 Certification of CFO Pursuant to Section 906
Exhibit 10.3
May 16, 2012
Mr. Greg L. Jackson
485 N. Country Manor Lane
Alpine, UT 84004
Re: Termination of Agreement
Dear Mr. Jackson,
This letter hereby terminates, effective immediately, the Agreement, dated as of November 17, 2008, by and between you and Career Education Corporation (the “Company”), relating to your obligation to tender your resignation from the Company’s Board of Directors upon certain changes in the beneficial ownership of the Company’s common stock by the Blum Group and Affiliates (as defined in the Agreement).
Pursuant to the Agreement, you executed an irrevocable resignation as director dated November 17, 2008. The Company hereby declines to accept such resignation and shall destroy it.
Please indicate your agreement with the contents of this letter by signing below.
Sincerely,
CAREER EDUCATION CORPORATION | ||||
By: | /s/ Steven H. Lesnik |
Name: | STEVEN H. LESNIK |
Title: | CHAIRMAN OF THE BOARD, PRESIDENT AND CHIEF EXECUTIVE OFFICER | |||||||
ACKNOWLEDGED AND AGREED: |
/s/ Greg L. Jackson | ||
Greg L. Jackson
cc: Gwen Reinke, Blum Capital Partners, L.P. |