THIS SEPARATION AGREEMENT is being entered into as of March 31, 1998, between MIM Corporation,
a Delaware corporation, with its principal place of business located at One Blue Hill Plaza, Pearl River, New
York, 10965 (the "Company") and E. David Corvese, an individual, (the "Employee").
Both the Company and the Employee desire to enter into this Separation Agreement to resolve all questions of
severance pay, compensation, entitlement to benefits, and certain other matters described herein.
In consideration of the mutual promises contained in this Separation Agreement, and intending to be legally
bound, the parties hereto agree as follows:
1. Employee hereby resigns from his positions with the Company as an officer and an employee, and the
Company hereby accepts such resignation. The termination of Employee's employment with the Company
hereunder shall be effective as of the date of this Separation Agreement. In addition, the Employee hereby agrees
that he will remain as a member of the Company's Board of Directors, but will not stand for re-election at the
Company's next annual meeting of stockholders or at any special meeting at which directors are elected;
provided, however, that the Employee may, in his discretion, resign from the Company's Board of Directors at
any time on or after May 1, 1998.
2. Subject to compliance by the Employee with the Section 9 of the Employment Agreement, the Company shall
pay to the Employee the sum of Three Hundred Twenty-Five Thousand Dollars ($325,000), in twelve (12) equal
monthly installments, subject to applicable withholding requirements, commencing April 1, 1998 and continuing
on the first day of each successive month, by wire transfer of immediately available funds to an account to be
designated by the Employee.
3. Subject to compliance by the Employee with the Section 9 of the Employment Agreement, until April 1, 1999,
the Company shall continue to provide to Employee and to Employee's dependents, at the Company's sole