SEPARATION AGREEMENT AND FULL RELEASE OF CLAIMS
This Separation Agreement and Full Release of Claims (“ Agreement ”) is made as of the 27 th
day of September, 2004, by and between On Assignment, Inc., a Delaware corporation (the “ Company ”), and
Dr. Joseph A. Peterson (“ Dr. Peterson ”).
A. Dr. Peterson has been serving as the Chief Executive Officer of the Company since
September 1, 2001, pursuant to the offer letter dated June 18, 2001, as amended (the “ Offer Letter ”).
B. Dr. Peterson and the Company are parties to the Severance Agreement dated as of
June 2, 2003 (the “ Severance Agreement ”), which provides for specified compensation and benefits upon the
termination of Dr. Peterson’s employment with the Company, on the terms and subject to the conditions set forth
C. Dr. Peterson and the Company have determined it to be in the interests of the
Company and Dr. Peterson for Dr. Peterson’s employment to terminate as of the date hereof.
D. Dr. Peterson and the Company desire to enter into this Agreement to reflect their
mutual understanding with respect to the continuation of certain compensation and benefits to Dr. Peterson after
the date hereof.
NOW, THEREFORE, the parties intending to be legally bound hereby agree as follows:
1.1 Resignation . Concurrently with the execution and delivery of this Agreement, Dr. Peterson is
delivering to the Board of Directors of the Company (the “ Board ”) his resignation in the form attached hereto
as Exhibit A .
1.2 Effective Time . As requested by Dr. Peterson, his employment with the Company shall be
terminated as of the close of business on the date hereof (the “ Separation Date ”).
1.3 Voluntary Termination . Dr. Peterson represents that he has carefully read and fully
understands all of the provisions of this Agreement, that he is competent to execute and