Exhibit 10.76
Amendment to the Employment Agreement
Between NationsHealth, Inc. and Rodney Carson
THIS AMENDMENT is dated as of December 23, 2008, between NationsHealth, Inc., a
Delaware corporation (the “Company”), and Rodney Carson (the “Employee”).
WHEREAS, the Company and the Employee are parties to an employment agreement
dated April 27, 2007 (the “Employment Agreement”);
WHEREAS, the Internal Revenue Service has issued final regulations under
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”); and
WHEREAS, the Employee and the Company have agreed to amend the Employment
Agreement as set forth below in order to comply with the Section 409A final
regulations.
NOW, THEREFORE, the Company and the Employee amend the Employment Agreement,
effective as of January 1, 2009 as follows:

1.   The following sentence is added after the first sentence of Section 3(c):  
    “Any bonus shall be paid by the Company in the calendar year immediately
following the completion of the performance period as soon as practicable
following the completion of the audit of the Company’s financial statements, but
in no event later than December 31st of such year.”

2.   The following is added at the end of Section 4(d):       “within 90 days
after Employee incurs such expenses. Reimbursement will be made within 90 days
of the receipt by the Company of the appropriate documentation.”

3.   The following sentence replaces the second sentence of Section 5(b):      
“Subject to Section 5(f) and compliance with Section 7, Employee shall be
entitled to all of the following benefits:”

4.   Section 5(b)(i) shall be amended and restated as follows:       “The
Company shall pay to the Employee, commencing immediately after the date of
termination, a continuation of the Employee’s Annual Salary for twelve months,
paid in accordance with the Company’s normal payroll cycles (as in effect on the
Employee’s termination date).”

5.   The word “elect” replaces the phrase “are eligible to receive” the first
time it appears in Section 5(b)(ii).

 

 

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6.   The following new Section 5(f) is added to Section 5 of the Employment
Agreement, and the existing Section 5(f) is relabeled Section 5(g):       “(f)
It is intended that any payments made under Section 5(b)(i) qualify as
separation pay upon an involuntary separation from service under Treasury
Regulation Section 1.409A-1(b)(9)(iii). Any payments or benefits made or
provided pursuant to Section 5 (other than Accrued Compensation) are subject to
the Employee’s delivery to the Company of an executed general release agreement
(the “Release”) in a form reasonably acceptable to the Company within 21 days of
presentation thereof by the Company to the Employee (which presentation by the
Company shall be made no later than two (2) business days following the date of
employment termination), which is not subsequently revoked.      
Notwithstanding the due date of any post-employment payments, any amounts or
benefits due following an Employee’s employment termination under this Agreement
(other than Accrued Compensation) shall not be due until after the expiration of
any revocation period applicable to the Release without the Employee having
revoked such Release. If the Employee fails to return an executed Release to the
Company within such 21-day period, or the Employee subsequently revokes such
timely release, the Company shall not have any obligation to pay any amounts or
benefits under Section 5(b) of this Agreement. Nevertheless (and regardless of
whether the Release has been executed by the Employee), upon any termination of
Employee’s employment, Employee shall be entitled to receive any Accrued
Compensation, payable within thirty (30) days after the date of termination of
employment or in accordance with the applicable plan, program or policy.”

7.   Except as expressly modified by the terms of this Amendment, the provisions
of the Employment Agreement shall continue in full force and effect.

8.   This Amendment may be executed in several counterparts, each of which shall
be deemed an original and which together shall constitute but one and the same
instrument.

9.   This Amendment shall be governed by, and construed in accordance with, the
laws of the State of Florida without regard to its conflicts of law principles.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment, as of the
day and year first written above.

                        NationsHealth, Inc.    
 
           
 
  By:    /s/ Tim Fairbanks    
 
   
 
 
   
 
               Its:  Chief Operating Officer    
 
     
 
              Employee    
 
           
 
  By:    /s/ Rodney Carson