EXHIBIT 10.13
August 1, 2005
Marc Puleo, M.D.
PetMed Express, Inc.
1441 SW 29th Avenue
Pompano Beach, FL 33069
Dear Marc:
Effective as of the date of this letter, this will confirm
the following:
*the agreement between you and PetMed Express, Inc.
(the "Company"), including, but not limited to:
Executive Employment Agreement dated May 15, 1997;
Amendment to Executive Employment Agreement, dated May
15, 1997; Executive Employment Agreement, dated May 1,
1998; Amended and Restated Executive Employment
Agreement, dated May 1, 1998; Second Amended and
Restated Executive Employment Agreement, dated May 1,
2000; Amendment to Second Amended and Restated
Executive Employment Agreement, dated November 8,
2000, is hereby terminated;
*there are no outstanding payments of any kind due or
owed to you as a result of any employment agreements,
including but not limited to, the above-mentioned
agreements;
*you will no longer serve in the position of President
of the Company;
*you agree that all severance benefits will be
terminated in exchange for you remaining employed at
the Company as an at-will employee, at your current
salary of $150,000, and with all current health
benefits remaining unchanged;
*your current position as Chairman of the Board of
Directors (and as a director) remains unaffected by
this agreement; and
*any options referred to in any of the above stated
employment agreements likewise remain unaffected by
this agreement.
IN WITNESS WHEREOF, the parties have executed and delivered
this Agreement as of August 1, 2005.
PETMED EXPRESS, INC.:
/s/ Marc Puleo, M.D. /s/ Mendo Akdag
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MARC PULEO, M.D. By: MENDO AKDAG
/s/ Alison Berges /s/ Bruce S. Rosenbloom
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Witness Witness
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