Saturday, August 03, 2013 12:32:45 PM
Form 8-K filed 8-2-13
On July 29, 2013, Health Discovery Corporation (the Company) entered into a settlement agreement with Stephen D. Barnhill, the former Chairman and Chief Executive Officer of the Company. Under the terms of the Settlement Agreement, (i) the Company paid $50,000 to, or for the benefit of, Dr. Barnhill and (ii) Dr. Barnhill executed a general release in favor of the Company, subject to any indemnification rights that Dr. Barnhill may have under any agreement, law, or insurance policy maintained by the Company.
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