Employment Agreement, Frederick V. Miller, M.D.



 Exhibit 10.29 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT
AGREEMENT (this “Agreement”) is made and entered into by and between PEDIATRIX MEDICAL GROUP, INC., a Florida corporation (“Employer”) and FREDERICK V. MILLER, M.D., MHA, MBA (“Employee”) effective as
of the 11th day of August, 2008. 
 RECITALS 
 WHEREAS, Employer is presently engaged in “Employer’s Business” as defined on Exhibit A hereto; and 
 WHEREAS, Employee has experience providing management services in Employer’s Business or in fields relating to Employer’s
Business; and 
 WHEREAS, Employer and Employee previously entered in an Employment Agreement dated January 1, 2004
(the “Prior Employment Agreement”), which will be cancelled in its entirety with the execution of this Agreement; and 
 WHEREAS, Employer desires to employ Employee and benefit from Employee’s contributions to Employer; and 
 WHEREAS, in order to induce Employer to enter into this Agreement on the terms and conditions set forth herein (including an increase in compensation over what was provided under the Prior Employment Agreement), and disclose its
trade secrets and confidential information in connection with Employee’s employment by Employer and award from time to time equity based compensation, Employee hereby agrees to be bound by the terms of this Agreement, including the arbitration,
non-competition and related restrictive covenants set forth herein. 
 NOW, THEREFORE, in consideration of the premises
and mutual covenants set forth herein, the parties agree as follows: 
 1. Employment. 
 1.1. Employment and Term. Employer hereby agrees to employ Employee and Employee hereby agrees to serve Employer on the terms and
conditions set forth herein for an “Initial Term” commencing August 11, 2008 (the “Effective Date”) and continuing for a period of one (1) year, unless sooner terminated as hereinafter set forth. Thereafter, the
employment of Employee hereunder shall automatically renew for successive one (1) year periods until terminated in accordance herewith. The Initial Term and any automatic renewals shall be referred to as the “Employment Period.”








 1.2. Duties of Employee. During the Employment Period, Employee shall serve as
President, Pediatrix Division of Employer and perform such duties as are customary to the position Employee holds or as may be assigned to Employee from time to time by Employee’s supervisor (“Employee’s Supervisor”);
provided, that such duties as assigned shall be customary to Employee’s role as an officer of Employer. Employee’s employment shall be full-time and as such Employee agrees to devote substantially all of Employee’s attention
and professional time to the business and affairs of Employer. Employee shall perform Employee’s duties honestly, diligently, competently, in good faith and in the best interest of Employer. Employee will devote best efforts to the promotion of
the goodwill of Employer and of its employees and affiliates. During the Employment Term, Employer shall promote the proficiency of Employee by, among other things, providing Employee with Confidential Information, specialized professional
development programs, and information regarding the organization, administration and operation of Employer. During the Employment Period, Employee agrees that Employee will not, without the prior written consent of Employer (which consent shall not
be unreasonably withheld), serve as a director on a corporate board of directors or in any other similar capacity for any institution other than Employer. During the Employment Period, it shall not be a violation of this Agreement to (i) serve
on civic or charitable boards or committees, or (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions, so long as such activities have been approved by Employer’s General Counsel and do not interfere with
the performance of Employee’s responsibilities as an employee of Employer in accordance with this Agreement, including the restrictions of Section 8 hereof. 
 1.3. Place of Performance. Employee shall be based at Employer’s corporate offices located in Sunrise, Florida, except for required travel relating to Employer’s Business. 
 2. Base Salary and Performance Bonus. 
 2.1. Base Salary. Employee shall be paid an annual base salary as set forth on Exhibit B (the “Base Salary”), payable in installments consistent with Employer’s customary payroll
schedule and subject to applicable withholding for taxes and other Employee directed withholdings. Any change to Employee’s Base Salary that is approved by Employer’s Supervisor shall become Employee’s new Base Salary for purposes of
this Agreement. 
 2.2. Performance Bonus. Employee shall be eligible for an annual bonus of up to the amount set forth on
Exhibit B (the “Performance Bonus”). The amount of the actual bonus paid to Employee, if any, shall be based upon the achievement of specific objectives to be developed and agreed upon by Employee and Employee’s Supervisor each year
and the performance of Employer. Except in the situations described in Sections 5.2, 5.3, 5.4, 5.5 and 5.7, the Performance Bonus shall only be payable to Employee if Employee is employed with Employer as of the date that the Performance Bonus is
paid by Employer. Each Performance Bonus shall be paid in the calendar year immediately following the calendar year in which it is earned, as soon as practicable after the audited financial statements for Employer for the year for which the bonus is
earned have been released; provided, however, that if calculation of Employee’s Performance Bonus is not administratively practicable due to events beyond the control of Employee, then Employer may delay payment of the Performance Bonus
provided that the payment is made during the first taxable year of Employee in which the calculation of the amount of the payment is administratively practicable. 
  

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 3. Benefits. 
 3.1. Expense Reimbursement. Employer shall promptly reimburse Employee for all out-of-pocket expenses reasonably incurred by Employee
during the Employment Period on behalf of or in connection with Employer’s Business pursuant to the reimbursement standards and guidelines of Employer in effect from time to time. Employee shall account for such expenses and submit reasonable
supporting documentation to Employer in accordance with Employer’s policies in effect from time to time. 
 3.2.
Employee Benefits. During the Employment Period, Employee shall be entitled to participate in such health, welfare, disability, stock purchase, retirement savings and other fringe benefit plans and programs as may be established and
maintained by Employer from time to time to the extent that such plans and programs are applicable to other similarly situated employees of Employer and subject to the provisions of such plans and programs. 
 3.3. Leave Time. During the Employment Period, Employee shall be entitled to paid vacation and leave days each calendar year in
accordance with the leave policies established by Employer from time to time. Any leave time not used during each fiscal year of Employer may be carried over into the next year to the extent permitted by Employer policy. 
 3.4. Incentive Compensation Plans. During the Employment Period, Employee shall be eligible to participate in Employer’s 2008
Incentive Compensation Plan or any other similar plan adopted by Employer that provides for the issuance of stock options, stock appreciation rights, restricted stock, deferred stock, bonus stock, awards payable in stock or any other stock based
award (each an “Employer Equity Incentive Compensation Plan”). Every stock based award made to Employee shall be subject to the terms and conditions of this Agreement, the applicable award agreement and the Employer Equity Incentive
Compensation Plan. Employee acknowledges Employee’s participation in Employer’s 2008 Incentive Compensation Plan pursuant to this Section 3 is sufficient consideration for Employee to enter into this agreement, including the
restrictive covenants set forth in Section 8 below.  
 4. Termination. 
 4.1. Termination for Cause. Employer may terminate Employee’s employment under this Agreement for Cause. As used in this
Agreement, the term “Cause” shall mean: 
 (a) Any act or omission of Employee, which is materially
contrary to the business interests, reputation or goodwill of Employer; 
 (b) A material breach by Employee of
Employee’s obligations under this Agreement, which breach is not promptly remedied upon written notice from Employer; 
 (c) Employee’s refusal to perform Employee’s duties as assigned pursuant to this Agreement other than a refusal which is remedied by Employee promptly after receipt of written notice thereof by
Employer; or 
  

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 (d) Employee’s failure or refusal to comply with a reasonable policy,
standard or regulation of Employer in any material respect, including but not limited to Employer’s sexual harassment, other unlawful harassment, workplace discrimination or substance abuse policies. 
 The termination date for a termination of Employee’s employment under this Agreement pursuant to this Section 4.1 shall be the date specified by
Employer in a written notice to Employee of finding of Cause, which may not be retroactive. Upon any termination of Employee’s employment under this Agreement pursuant to this Section 4.1, Employee shall be entitled to the compensation
specified in Section 5.1 hereof. 
 4.2. Disability. Employer may terminate Employee’s employment under this
Agreement upon the Disability (as defined below) of Employee. Subject to the requirements of applicable law, Employee shall be deemed to have a “Disability” for purposes of this Agreement in the event of (i) Employee’s inability
to perform Employee’s duties hereunder, with or without a reasonable accommodation, as a result of physical or mental illness or injury, and (ii) a determination by an independent qualified physician selected by Employer and acceptable to
Employee (which acceptance shall not be unreasonably withheld) that Employee is currently unable to perform such duties and in all reasonable likelihood such inability will continue for a period in excess of an additional ninety (90) or more
days in any one hundred twenty (120) day period. The termination date for a termination of this Agreement pursuant to this Section 4.2 shall be the date specified by Employer in a notice to Employee, which date shall not be retroactive.
Upon any termination of this Agreement pursuant to this Section 4.2, Employee shall be entitled to compensation and/or benefits in accordance with, and subject to, the provisions of Section 5.2 hereof. 
 4.3. Death. Employee’s employment under this Agreement shall terminate automatically upon the death of Employee, without any
requirement of notice by Employer to Employee’s estate. The date of Employee’s death shall be the termination date for a termination of Employee’s employment under this Agreement pursuant to this Section 4.3. Upon any termination
of Employee’s employment under this Agreement pursuant to this Section 4.3, Employee shall be entitled to the compensation specified in Section 5.3 hereof. 
 4.4. Termination by Employer Without Cause. Employer may terminate Employee’s employment without cause by giving Employee written notice of such termination. The termination date shall be the
date specified by Employer in such notice, which may be up to ninety (90) days from the date of such notice. Upon any termination of Employee’s employment under this Agreement pursuant to this Section 4.4, Employee shall be entitled
to compensation and/or benefits in accordance with, and subject to, the provisions of Section 5.4 hereof. 
  

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 4.5. Termination by Employee Due to Poor Health. Employee may terminate
Employee’s employment under this Agreement upon written notice to Employer if Employee’s health should become impaired to any extent that makes the continued performance of Employee’s duties under this Agreement hazardous to
Employee’s physical or mental health or Employee’s life (regardless of whether such condition would be deemed a Disability under any other Section of this Agreement), provided that Employee shall have furnished Employer with a
written statement from a qualified doctor to that effect, and provided further that, at Employer’s written request and expense, Employee shall submit to a medical examination by an independent qualified physician selected by Employer and
acceptable to Employee (which acceptance shall not be unreasonably withheld), which doctor shall substantially concur with the conclusions of Employee’s doctor. The termination date shall be the date specified in Employee’s notice to
Employer, which date may not be earlier than thirty (30) days nor later than ninety (90) days from Employer’s receipt of such notice. Upon any termination of Employee’s employment under this Agreement pursuant to this
Section 4.5, Employee shall be entitled to compensation and/or benefits in accordance with, and subject to, the provisions of Section 5.5 hereof. 
 4.6. Termination by Employee. Employee may terminate Employee’s employment under this Agreement for any reason whatsoever upon not less than forty five (45) days prior written notice to
Employer. Upon receipt of such notice from Employee, Employer may, at its option, require Employee to terminate employment at any time in advance of the expiration of such forty five (45) day period. The termination date under this
Section 4.6 shall be the date specified by Employer, but in no event more than forty five (45) days after Employer’s receipt of notice from Employee as contemplated by this Section. Upon any termination of Employee’s employment
under this Agreement pursuant to this Section 4.6, Employee shall be entitled to compensation and/or benefits in accordance with, and subject to, the provisions of Section 5.6 hereof. 
 4.7. Termination by Employee for Good Reason. Employee may terminate Employee’s employment hereunder for Good Reason. For
purposes of this Section, “Good Reason” shall mean: 
 (a) a decrease in Employee’s Base Salary;

 (b) a decrease in the Performance Bonus potential utilized by Employer in determining a Performance Bonus for
Employee; or 
 (c) within a one (1) year period after a Change in Control of Employer (as defined below),
Employee is either (i) assigned any position, duties, responsibilities or compensation that are significantly diminished when compared with the position, duties, responsibilities or compensation of Employee prior to such Change in Control of
Employer, or (ii) forced to relocate to another location more than twenty five (25) miles from Employee’s location prior to the Change in Control of Employer. For purposes of this Agreement, “Change in Control of Employer”
shall mean (i) the acquisition by a person or an entity or a group of persons and entities, directly or indirectly, of more than fifty (50%) percent of Employer’s common stock in a single transaction or a series of transactions
(hereinafter referred to as a “50% Change in Control”), (ii) a merger or other form of corporate reorganization resulting in an actual or de facto 50% Change in Control, or (iii) the failure of Applicable Directors
(defined below) to constitute a majority of Employer’s Board of Directors (the “Board”) during any two (2) consecutive year period after the date of this Agreement (the “Two-Year Period”). Employer and Employee agree
that the consummation of a corporate restructuring under Section 607.11045, Florida Statutes, involving Employer shall not constitute a Change in Control for purposes of this Agreement. “Applicable Directors” shall mean those
individuals who are members of the Board at the inception of a Two-Year Period and any new director whose election to the Board or nomination for election to the Board was approved (prior to any vote thereon by the shareholders) by a vote of at
least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the Two-Year Period at issue or whose election or nomination for election during such Two-Year Period was previously approved as provided
in this sentence; or 
  

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 (d) the assignment to Employee of any officer position inconsistent with the
present position Employee holds (it being understood that the role of Employee’s present position is an evolving one and as such Employee’s duties may be modified from time to time consistent with other similarly situated officers of
Employer) excluding for this purpose any isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by Employer promptly after receipt of written notice; or 
 (e) the requirement by Employer that Employee be based in any office or location outside of the metropolitan area where
Employer’s present corporate offices are located (it being understood that Employee may be presently based at another location), except for travel reasonably required in the performance of Employee’s duties. 
 If Employee desires to terminate Employee’s employment under this Agreement pursuant to this Section, Employee must, within ninety (90) days after
the occurrence of events giving rise to the Good Reason, provide Employer with a written notice describing the Good Reason in reasonable detail. If Employer fails to cure the matter cited within thirty (30) days after the date of
Employee’s notice, then this Agreement shall terminate as of the end of such thirty (30) day cure period, provided, however, that Employer may, at its option, require Employee to terminate employment at any time in advance of the
expiration of such thirty (30) day cure period. If Employee terminates Employee’s employment under this Agreement pursuant to this Section 4.7, then Employee shall be entitled to compensation and/or benefits in accordance with, and
subject to, the provisions of Section 5.7 hereof. 
 5. Compensation and Benefits Upon Termination. 
 5.1. Cause. If Employee’s employment is terminated for Cause, Employer shall pay Employee’s Base Salary through the
termination date specified in Section 4.1 at the rate in effect at the termination date. Upon payment of such amounts, plus any amounts as may be due under Section 5.8 below, Employer shall have no further obligation to Employee under this
Agreement. 
 5.2. Disability. In the event of Employee’s Disability, Employee shall continue to receive
Employee’s Base Salary for the first ninety (90) days of Disability. Thereafter, payments, if any, shall be administered pursuant to Employer’s sponsored long-term disability policy. If Employee’s employment is terminated
pursuant to Section 4.2 in connection with Employee’s Disability, Employee shall receive fifty percent (50%) of Employee’s annual Base Salary at the rate in effect at the termination date, payable in six (6) equal monthly
installments after the termination date, plus a bonus calculated in accordance with Section 5.11 and any amounts as may be due under Section 5.8 and 5.9. 
  

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 5.3. Death. Upon Employee’s death during the Employment Period, Employer shall
pay to the person or entity designated by Employee in a notice filed with Employer or, if no person is designated, to Employee’s estate any unpaid amounts of Base Salary to the date of Employee’s death, plus any amounts as may be due under
Sections 5.8 and 5.11 below. Any payments Employee’s spouse, beneficiaries or estate may be entitled to receive pursuant to any pension plan, employee welfare benefit plan, life insurance policy, or similar plan or policy then maintained by
Employer shall be determined and paid in accordance with the written instruments governing the respective plans and policies. In the event of Employee’s death during the Employment Period, Employer shall notify Employee’s designee or
estate of the stock awards held by Employee and the procedures pursuant to which all vested stock options may be exercised and other stock awards may be realized under the terms applicable to such awards. Upon full payment of all amounts required to
be paid under this Section 5.3, Employer shall have no further obligation under this Agreement. 
 5.4.
Termination by Employer Without Cause. If Employer terminates Employee’s employment in accordance with Section 4.4, , then (i) Employer shall pay Employee’s Base Salary through the termination date specified in
Section 4.4 at the rate in effect at such termination date, plus any amount due under Section 5.8 hereof; (ii) within thirty (30) days, pay Employee a bonus calculated in accordance with Section 5.11 hereof;
(iii) Employer shall continue to pay Employee’s monthly Base Salary for a period of twelve (12) months after the termination date; and (iv) within thirty (30) days of the first (1st) anniversary of the termination date, pay Employee an amount
equal to Employee’s Average Annual Performance Bonus (as defined below). For purposes of this Agreement, “Average Annual Performance Bonus” shall be equal to (i) the average of the Performance Bonus paid to Employee in
Employee’s current position for the three (3) full calendar years prior to the termination date or (ii) in the event that a three (3) year average cannot be determined, Employee’s bonus in Employee’s current position
for the year immediately preceding Employee’s termination. Upon payment of the amounts specified under this Sections 5.4 and 5.11, Employer shall have no further obligation under this Agreement. 
 5.5. Termination by Employee Due to Poor Health. If Employee terminates Employee’s employment under this Agreement pursuant to
Section 4.5 hereof, Employer shall pay to Employee any unpaid amounts of Base Salary to the termination date specified in Section 4.5, plus any disability payments otherwise payable by or pursuant to plans provided by Employer, plus any
amounts as may be due under Section 5.8 and 5.11 below. 
 5.6. Termination by Employee. If Employee’s
employment under this Agreement terminates pursuant to Section 4.6 hereof, Employer shall pay to Employee any unpaid amounts of Base Salary to the termination date specified in Section 4.6, plus any amounts as may be due under
Section 5.8 below. In the event that the termination date specified by Employer is less than forty five (45) days after the date of Employer’s receipt of notice as contemplated by Section 4.6, then Employer shall continue
Employee’s Base Salary for a period of days equal to forty five (45) minus the number of days from Employee’s notice to the termination date. 
  

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 5.7. Termination for Good Reason. If Employee’s employment under this Agreement
is terminated pursuant to Sections 4.7(a), (b), (d), or (e) then Employer shall (i) pay Employee’s Base Salary through the termination date specified in Section 4.7 at the rate in effect at such termination date,
(ii) pay any amounts as may be due under Section 5.8 and 5.11, and (iii) continue to pay Employee’s Base Salary for a period of six (6) months after the termination date. If this Agreement is terminated pursuant to
Section 4.7(c), then Employer shall (i) pay Employee’s Base Salary through the termination date specified in Section 4.7 at the rate in effect at such termination date, (ii) pay any amounts as may be due under Sections 5.8
and 5.11, and (iii) continue to pay Employee’s Base Salary for a period of twelve (12) months after the termination date. Notwithstanding the foregoing, the payments to Employee pursuant to this Section shall be reduced, but not below
zero, by the amount of compensation or benefits from Employer to Employee which would cause the severance pay payable pursuant to this Section 5.7 to exceed the excess parachute payment limitation imposed under Section 280G of the Internal
Revenue Code of 1986, as amended (the “Code”). 
 5.8. Expense Reimbursement. Employee shall be entitled to
reimbursement for reasonable business expenses incurred prior to the termination date, subject, however to the provisions of Section 3.1. Such reimbursement shall be made at the times and in accordance with Employer’s normal procedures for
reimbursements. 
 5.9. Continuation of Benefit Plans. Employee shall be entitled to continuation of health, medical,
hospitalization and other similar health insurance programs on the same basis as regular, full-time employees of Employer and their eligible dependents during the period that Employee is receiving Base Salary payments under Section 5 of this
Agreement and, in all cases, as provided by any applicable law. 
 5.10. Period for Exercising Stock Options After
Termination. Except as to incentive stock options granted in accordance with Section 422 of the Internal Revenue Code, after termination of Employee’s employment under this Agreement for any reason other than pursuant to
Section 4.1, Employee shall be allowed a period of one hundred eighty (180) days during which to exercise any vested options to purchase Employer’s common stock or vested stock appreciation rights and realize any other vested
incentive compensation awards that may be granted or made under any of Employer’s Equity Incentive Compensation Plans and/or any other similar plan adopted by Employer that provides for the issuance of stock options, restricted stock and other
awards to its employees; provided, however, that in no event shall the period during which Employee may exercise any vested stock option or vested stock appreciation right be extended pursuant to this Section 5.10 to a date that is later than
the earlier of (i) the latest date upon which the stock right could have expired by its original terms under any circumstances or (ii) the tenth anniversary of the original date of grant of the stock right. In all other respects, the terms
of the applicable equity compensation plan shall control the terms and conditions of any awards made pursuant thereto. In addition, notwithstanding any contrary provision in any Employer Equity Incentive Compensation Plan then maintained by
Employer, in the event the termination date as a result of a Change in Control of Employer occurs within the twelve (12) month period of a Change in Control of Employer, any unvested stock options held by Employee on the termination date shall
fully vest and become immediately exercisable. 
  

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 5.11. Performance Bonus. In the situations described in Sections 4.1(d), 5.2, 5.3,
5.4, 5.5, and 5.7, upon termination of this Agreement, Employee may be paid, solely in consideration of services rendered by Employee prior to termination, a bonus with respect to Employer’s fiscal year in which the termination date occurs,
equal to the Performance Bonus, if any, that would have been payable to Employee, based on Employee and Employer meeting certain goals and objectives, for the fiscal year if Employee’s employment had not been terminated, multiplied by the
number of days in the fiscal year prior to and including the date of termination and divided by three hundred sixty five (365). The amount of the Post-Termination Performance Bonus shall be determined in good faith by Employer in its sole discretion
at the time that Employer distributes bonuses to similarly situated employees. Any amount payable under this Section 5.11 shall be paid to Employee when Employer pays performance bonuses to its eligible employees, which shall be in the calendar
year following the termination date of this Agreement. 
 5.12. Section 409A Compliance. 
 (a) General. It is the intention of both Employer and Employee that the benefits and rights to which Employee could be
entitled in connection with termination of employment comply with Section 409A of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder (“Section 409A”), and the provisions of this Agreement shall
be construed in a manner consistent with that intention. If Employee or Employer believes, at any time, that any such benefit or right does not so comply, it shall promptly advise the other and shall negotiate reasonably and in good faith to amend
the terms of such benefits and rights such that they comply with Section 409A of the Code (with the most limited possible economic effect on Employee and on Employer). 
 (b) Distributions on Account of Separation from Service. If and to the extent required to comply with
Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of Employee’s employment shall be made unless and until Employee incurs a “separation from service”, within the meaning of
Section 409A. 
 (c) 6 Month Delay for Specified Employees. 
 (i) If Employee is a “specified employee”, then no payment or benefit that is payable on account of Employee’s
“separation from service”, as that term is defined for purposes of Section 409A, shall be made before the date that is six months after Employee’s “separation from service” (or, if earlier, the date of Employee’s
death) if and to the extent that such payment or benefit constitutes deferred compensation (or may be nonqualified deferred compensation) under Section 409A and such deferral is required to comply with the requirements of Section 409A. Any
payment or benefit delayed by reason of the prior sentence shall be paid out or provided in a single lump sum at the end of such required delay period in order to catch up to the original payment schedule. 
  

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 (ii) For purposes of this provision, Employee shall be considered to be a
“specified employee” if, at the time of his or her separation from service, Employee is a “key employee”, within the meaning of Section 416(i) of the Code, of Employer (or any person or entity with whom Employer would be
considered a single employer under Section 414(b) or Section 414(c) of the Code) any stock in which is publicly traded on an established securities market or otherwise. 
 (iii) Unless otherwise required to comply with Section 409A, a payment or benefit shall not be deferred pursuant to this
provision if: 
 (x) it is not made on account of Employee’s “separation from
service”, (y) it is required to be paid no later than within 2  1/2 months after the end of the taxable year of Employee in which the payment or benefit is no longer subject to a “substantial risk of forfeiture”, as that term is defined for purposes of
Section 409A, or (z) the payment satisfies the following requirements: (A) it is being paid or provided due to Employer’s termination of Employee’s employment without Cause (Section 4.4) or Employee’s termination of
employment after a Change in Control for the reasons set forth in Section 4.7 hereof, (B) it does not exceed two times the lesser of (1) Employee’s annualized compensation from Employer for the calendar year prior to the calendar
year in which the termination of Employee’s employment occurs, and (2) the maximum amount of compensation that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which
Employee’s employment terminates, and (C) the payment is required under this Agreement to be paid no later than the last day of the second calendar year following the calendar year in which Employee incurs a “separation from
service”. 
 (d) No Acceleration of Payments. Neither Employer nor Employee, individually or in
combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount shall be paid prior to the earliest date on which it may be paid
without violating Section 409A. 
 (e) Treatment of Each Installment as a Separate Payment. For purposes of
applying the provisions of Section 409A to this Agreement, each separately identified amount to which Employee is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under
Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments. 
 (f) Reimbursements and In-Kind Benefits. 
 (i) Any reimbursements
by Employer to Employee of any eligible expenses pursuant to Section 3.1 or 5.8 of this Agreement, that are not excludible from Employee’s income for Federal income tax purposes (“Taxable Reimbursements”) shall be made on or
before the last day of the taxable year of Employee following the year in which the expense was incurred. 
  

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 (ii) The amount of any Taxable Reimbursements, and the value of any in-kind
benefits to be provided to Employee under this Agreement, during any taxable year of Employee shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year of Employee. 
 (iii) The right to Taxable Reimbursements, or in-kind benefits, shall not be subject to liquidation or exchange for another
benefit. 
 (g) Tax Gross-Ups. Payment of any Gross-Up Payment under Section 5.9 hereof must be made by the
end of the taxable year of Employee following the taxable year of Employee in which Employee remits the related taxes. 
 5.13.
Release. Any payments due Employee under this Article 5 (other than accrued but unpaid Base Salary and employee benefits as of the end of the Employment Period) shall be conditioned upon Employee’s execution of a general release of
claims in the form attached as Exhibit C (subject to such modifications as Employer reasonably may request). 
 6.
Successors; Binding Agreement. 
 6.1. Successors. Employer shall require any successor (whether direct or indirect,
by purchase, merger, consolidation or otherwise) acquiring a majority of Employer’s voting common stock or any other successor to all or substantially all of the business and/or assets of Employer to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that Employer would be required to perform it if no such succession had taken place and Employee hereby consents to any such assignment. In such event, “Employer” shall mean Employer as
previously defined and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 6 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.
This Section shall not limit Employee’s ability to terminate this Agreement in the circumstances described in Section 4.7 in the event of a Change in Control of Employer. 
 6.2. Benefit. This Agreement and all rights of Employee under this Agreement shall inure to the benefit of and be enforceable by
Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Employee should die after the termination date and amounts would have been payable to Employee under this
Agreement if Employee had continued to live, including under Section 5 hereof, then such amounts shall be paid to Employee’s devisee, legatee, or other designee or, if there is no such designee, Employee’s estate. 
 7. Conflicts with Prior Employment Contract. Except as otherwise provided in this Agreement, this Agreement constitutes the entire
agreement among the parties pertaining to the subject matter hereof, and supersedes and revokes any and all prior or existing agreements, written or oral, relating to the subject matter hereof, and this Agreement shall be solely determinative of the
subject matter hereof. 
  

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 8. Restrictive Covenants; Confidential Information; Work Product; Injunctive Relief.

 8.1. No Material Competition. Employer and Employee acknowledge and agree that a strong relationship and connection
exists between Employer and its current and prospective patients, referral sources, and customers as well as the hospitals and healthcare facilities at which it provides professional services. Employer and Employee further acknowledge and agree that
the restrictive covenants described in this Section are designed to enforce, and are ancillary to or part of, the promises contained in this Agreement and are reasonably necessary to protect the legitimate interests of Employer in the following:
(1) the use and disclosure of the Confidential Information as described in Section 8.4; (2) the professional development activities described in Section 1.2; and (3) the goodwill of the Employer, as promoted by Employee as
provided in Section 1.2. The foregoing listing is by way of example only and shall not be construed to be an exclusive or exhaustive list of such interests. Employee acknowledges that the restrictive covenants set forth below are of significant
value to Employer and were a material inducement to Employer in agreeing to the terms of this Agreement. Employee further acknowledges that the goodwill and other proprietary interest of Employer will suffer irreparable and continuing damage in the
event Employee enters into competition with Employer in violation of this Section. 
 (a) Employer’s
Business. Therefore, Employee agrees that, except with respect to services performed under this Agreement on behalf of Employer, Employee shall not, at any time during the Restricted Period (as defined below), for Employee or on behalf of
any other person, persons, firm, partnership, corporation or employer, participate or engage in or own an interest in, directly or indirectly, any individual proprietorship, partnership, corporation, joint venture, trust or other form of business
entity, whether as an individual proprietor, partner, joint venturer, officer, director, member, employee, consultant, independent contractor, stockholder, lender, landlord, finder, agent, broker, trustee, or in any manner whatsoever, if such entity
or its affiliates is engaged in, directly or indirectly, “Employer’s Business,” as defined on Exhibit A hereto. Employee acknowledges that, as of the date hereof, Employee’s responsibilities will include matters affecting the
businesses of Employer listed on Exhibit A. For purposes of this Section 8, the “Restricted Period” shall mean the Employment Period plus (i) twelve (12) months in the event this Agreement is terminated pursuant to Sections
4.1 (a), 4.1 (b), 4.1 (c), 4.1 (d), 4.1(e), 4.7(a), 4.7(b), 4.7(d), or 4.7(e) or (ii) eighteen months in the event the Agreement is terminated for any other reason. 
 (b) Medical Services. Employee acknowledges that Employee’s duties under this Agreement call for Employee’s
active involvement in and management of medical practices owned by affiliates of Employer. Employee further acknowledges that Employer’s affiliates have a substantial investment in such medical practices and that Employer’s affiliates
would be economically injured due to lost income in a material amount in the event Employee competes with Employer’s affiliates in their primary market areas. Accordingly, Employee agrees that Employee shall not, at any time during the
Employment Period and for a period of eighteen (18) months immediately following termination of Employee’s employment under this Agreement for any reason, for Employee or on behalf of any other person, persons, firm, partnership,
corporation or employer, provide professional medical services in any of the clinical practice areas described as Employer’s Business on Exhibit A within a radius of two (2) miles of a medical practice owned or operated by Employer or its
affiliates. 
  

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 8.2. No Hire. Employee further agrees that Employee shall not, at any time
during the Employment Period and for a period of eighteen (18) months immediately following termination of this Agreement for any reason, for Employee or on behalf of any other person, persons, firm, partnership, corporation or employer,
employ, or knowingly permit any company or business directly or indirectly controlled by Employee to employ or otherwise engage (a) any person who is a then current employee or independent contractor of Employer or one of its affiliates, or
(b) any person who was an employee or independent contractor of Employer or one of its affiliates in the prior six (6) month period, or in any manner seek to induce such persons to leave his or her employment or engagement with Employer or
one of its affiliates (including without limitation for or on behalf of a subsequent employer of Employee). 
 8.3
Non-solicitation. Employee further agrees that Employee shall not, at any time during the Employment Period and for a period of eighteen (18) months immediately following termination of this Agreement for any reason, for Employee
or on behalf of any other person, persons, firm, partnership, corporation or employer, solicit or accept business from or take any action that would interfere with, diminish or impair the valuable relationships that Employer or its affiliates have
with (i) hospitals or other health care facilities with which Employer or its affiliates have contracts to render professional services or otherwise have established relationships, (ii) patients, (iii) referral sources,
(iv) vendors, (v) any other clients of Employer or its affiliates, or (vi) prospective hospitals, patients, referral sources, vendors or clients whose business Employee was aware that Employer or any affiliate of Employer was in the
process of soliciting at the time of Employee’s termination (including potential acquisition targets). 
 8.4.
Confidential Information. At all times during the term of this Agreement, Employer shall provide Employee with access to “Confidential Information.” As used in this Agreement, the term “Confidential Information” means any
and all confidential, proprietary or trade secret information, whether disclosed, directly or indirectly, verbally, in writing or by any other means in tangible or intangible form, including that which is conceived or developed by Employee,
applicable to or in any way related to: (i) patients with whom Employer has a physician/patient relationship; (ii) the present or future business of Employer; or (iii) the research and development of Employer. Without limiting the
generality of the foregoing, Confidential Information includes: (a) the development and operation of Employer’s medical practices, including information relating to budgeting, staffing needs, marketing, research, hospital relationships,
equipment capabilities, and other information concerning such facilities and operations and specifically including the procedures and business plans developed by Employer for use at the hospitals where Employer conducts its business;
(b) contractual arrangements between the Employer and insurers or managed care associations or other payors; (c) the databases of Employer; (d) the clinical and research protocols of Employer, including coding guidelines; (e) the
referral sources of Employer; (f) other confidential information of Employer that is not generally known to the public that gives Employer the opportunity to obtain an advantage over competitors who do not know or use it, including the names,
addresses, telephone numbers or special needs of any of its patients, its patient lists, its marketing methods and related data, lists or other written records used in Employer’s business, compensation paid to employees and other terms of
employment, accounting ledgers and financial statements, contracts and licenses, business systems, business plan and projections, and computer programs. The parties agree that, as between them, this Confidential Information constitutes important,
material, and confidential trade secrets that affect the successful conduct of Employer’s business and its goodwill. Employer acknowledges that the Confidential Information specifically enumerated above is special and unique information and is
not information that would be considered a part of the general knowledge and skill Employee has or might otherwise obtain. 
  

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 Notwithstanding the foregoing, Confidential Information shall not include any information
that (i) was known by Employee from a third party source before disclosure by or on behalf of Employer, (ii) becomes available to Employee from a source other than Employer that is not, to Employee’s knowledge, bound by a duty of
confidentiality to Employer, (iii) becomes generally available or known in the industry other than as a result of its disclosure by Employee, or (iv) has been independently developed by Employee and may be disclosed by Employee without
breach of this Agreement, provided, in each case, that the Employee shall bear the burden of demonstrating that the information falls under one of the above-described exceptions. 
 Employee agrees that the terms of this Agreement shall be deemed Confidential Information for purposes of this Section. Employee shall keep
the terms of this Agreement strictly confidential and will not, without the prior written consent of Employer, disclose the details of this Agreement to any third party in any manner whatsoever in whole or in part, with the exception of
Employee’s representatives (such as tax advisors and attorneys) who need to know such information. 
 Employee agrees that
Employee will not at any time, whether during or subsequent to the term of Employee’s employment with Employer, in any fashion, form or manner, unless specifically consented to in writing by Employer, either directly or indirectly, use or
divulge, disclose, or communicate to any person, firm or corporation, in any manner whatsoever, any Confidential Information of any kind, nature, or description, subject to applicable law. The parties agree that any breach by Employee of any term of
this Section is a material breach of this Agreement and shall constitute “cause” for the termination of Employee’s employment hereunder. In the event that Employee is ordered to disclose any Confidential Information, whether in a
legal or a regulatory proceeding or otherwise, Employee shall provide Employer with prompt written notice of such request or order so that Employer may seek to prevent disclosure or, if that cannot be achieved, the entry of a protective order or
other appropriate protective device or procedure in order to assure, to the extent practicable, compliance with the provisions of this Agreement. In the case of any disclosure required by law, Employee shall disclose only that portion of the
Confidential Information that Employee is ordered to disclose in a legally binding subpoena, demand or similar order issued pursuant to a legal or regulatory proceeding. 
 All Confidential Information, and all equipment, notebooks, documents, memoranda, reports, files, samples, books, correspondence, lists, other written and graphic records, in any media (including
electronic or video) containing Confidential Information or relating to the business of Employer, which Employee shall prepare, use, construct, observe, possess, or control shall be and remain Employer’s sole property (collectively
“Employer Property”). Upon termination or expiration of this Agreement, or earlier upon Employer’s request, Employee shall promptly deliver to Employer all Employer Property, retaining none. 
  

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 8.5. Ownership of Work Product. Employee agrees and acknowledges that (i) all
copyrights, patents, trade secrets, trademarks, service marks, or other intellectual property or proprietary rights associated with any ideas, concepts, techniques, inventions, processes, or works of authorship developed or created by Employee
during the course of performing work for Employer and any other work product conceived, created, designed, developed or contributed by Employee during the term of this Agreement that relates in any way to Employer’s Business (collectively, the
“Work Product”), shall belong exclusively to Employer and shall, to the extent possible, be considered a work made for hire within the meaning of Title 17 of the United States Code. To the extent the Work Product may not be considered a
work made for hire owned exclusively by Employer, Employee hereby assigns to Employer all right, title, and interest worldwide in and to such Work Product at the time of its creation, without any requirement of further consideration. Upon request of
Employer, Employee shall take such further actions and execute such further documents as Employer may deem necessary or desirable to further the purposes of this Agreement, including without limitation separate assignments of all right, title, and
interest in and to all rights of copyright and all right, title, and interest in and to any inventions or patents and any reissues or extensions which may be granted therefore, and in and to any improvements, additions to, or modifications thereto,
which Employee may acquire by invention or otherwise, the same to be held and enjoyed by Employer for its own use and benefit, and for the use and benefit of Employer’s successors and assigns, as fully and as entirely as the same might be held
by Employee had this assignment not been made. 
 8.6. Clearance Procedure for Proprietary Rights Not Claimed by
Employer. In the event that Employee wishes to create or develop, other than on Employer’s time or using Employer’s resources, anything that may be considered Work Product but to which Employee believes Employee should be
entitled to the personal benefit of, Employee agrees to follow the clearance procedure set forth in this Section. Before beginning any such work, Employee agrees to give Employer advance written notice and provide Employer with a sufficiently
detailed written description of the work under consideration for Employer to make a determination regarding the work. Unless otherwise agreed in a writing signed by Employer prior to receipt, Employer shall have no obligation of confidentiality with
respect to such request or description. Employer will determine in its sole discretion, within thirty (30) days after Employee has fully disclosed such plans to Employer, whether rights in such work will be claimed by Employer. If Employer
determines that it does not claim rights in such work, Employer agrees to so notify Employee in writing and Employee may retain ownership of the work to the extent that such work has been expressly disclosed to Employer. If Employer fails to so
notify Employee within such thirty (30) day period, then Employer shall be deemed to have agreed that such work is not considered Work Product for purposes of this Agreement. Employee agrees to submit for further review any significant
improvement, modification, or adaptation that could reasonably be related to Employer’s Business so that it can be determined whether the improvement, modification, or adaptation relates to the business or interests of Employer. Clearance under
this procedure does not relieve Employee of the restrictive covenants set forth in this Section 8. 
  

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 8.7. Non-Disparagement and Medical Malpractice Cases. For a period of ten
(10) years after the termination of this Agreement, Employee will not, directly or indirectly, as an individual or on behalf of a firm, corporation, partnership or other legal entity, make any disparaging or negative comment to any other person
or entity regarding Employer or any of its affiliates, agents, attorneys, employees, officers and directors, Employee’s work conditions or circumstances surrounding Employee’s separation from Employer or otherwise impugn or criticize the
name or reputation of Employer, its affiliates, agents, attorneys, employees, officers or directors, orally or in writing. Furthermore, for a period of ten (10) years after termination of this Agreement, Employee will not provide
Employee’s professional medical opinion as an expert in the review of medical records for medical malpractice cases that are in any way adverse to Employer or any of its affiliates, employees, officers, directors, or patients, regardless of
whether Employee’s testimony would be against Employer, its affiliates, employees, officers, directors or an unrelated third party co-defendant. For a period of twelve (12) months after termination of this Agreement, Employee will not
provide Employee’s professional medical opinion as an expert in the review of medical records for medical malpractice cases that are in any way adverse to any hospital at which professionals affiliated with Employer provide services.

 8.8. Review by Employee. Employee has carefully read and considered the terms and provisions of this
Section 8, and having done so, agrees that the restrictions set forth in this Section 8 are fair and reasonably required for the protection of the interests of Employer. In the event that any term or provision set forth in this
Section 8 shall be held to be invalid or unenforceable by a court of competent jurisdiction, the parties hereto agree that such invalid or unenforceable term(s) or provision(s) may be severed from this Agreement without, in any manner,
affecting the remaining portions hereof. Without limiting other possible remedies available to Employer, Employee agrees that injunctive or other equitable relief will be available to enforce the covenants set forth in this Section, such relief to
be without the necessity of posting a bond. In the event that, notwithstanding the foregoing, any part of the covenants set forth in this Section shall be held to be invalid, overbroad, or unenforceable by an arbitration panel or a court of
competent jurisdiction, the parties hereto agree that such invalid, overbroad, or unenforceable provision(s) may be modified or severed from this Agreement without, in any manner, affecting the remaining portions of this Section 8 (all of which
shall remain in full force and effect). In the event that any provision of this Section 8 related to time period or areas of restriction shall be declared by an arbitration panel or a court of competent jurisdiction to exceed the maximum time
period, area or activities such arbitration panel or court deems reasonable and enforceable, said time period or areas of restriction shall be deemed modified to the minimum extent necessary to make the geographic or temporal restrictions or
activities reasonable and enforceable. 
 8.9. Survival. The provisions of this Section 8 shall survive the
termination of this Agreement and Employee’s employment with Employer. The provisions of this Section 8 shall apply during the time Employee is receiving Disability payments from Employer as a result of a termination of this
Agreement pursuant to Section 4.2 hereof. In the event of a breach of this Section 8 by Employee, Employer retains the right to terminate any continuing payments to Employee provided for in Section 5 of this Agreement. The
provisions of this Section 8 are expressly intended to benefit and be enforceable by other affiliated entities of Employer, who are express third party beneficiaries hereof. Employee shall not assist others in engaging in any of the activities
described in the foregoing restrictive covenants. 
  

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 9. Arbitration. Any controversy or claim arising out of or relating to this
Agreement, or any alleged breach hereof shall be finally determined by binding arbitration before a three member panel, consisting of one member selected by each party hereto, with the third member selected by the first two arbitrators. Each party
hereto shall bear the costs of its own nominee, and shall share equally the cost of the third arbitrator and the parties agree that the costs of arbitration shall not be subject to reapportionment by the arbitration panel. The arbitration
proceedings shall be held in Sunrise, Florida, unless otherwise mutually agreed by the parties, and shall be conducted in accordance with the American Health Lawyer’s Association Dispute Resolution Service, Rules of Procedure for Arbitration.
Judgment on the award rendered by the arbitration panel may be entered and enforced by any court having jurisdiction thereof. Notwithstanding anything herein to the contrary, if the Employer shall require immediate injunctive relief, then the
Employer shall be entitled to seek such relief in any court having jurisdiction, and if the Employer elects to do so, the Employee hereby consents to the jurisdiction of the state and federal courts sitting in the State of Florida and to the
applicable service of process. Employee hereby waives and agrees not to assert, to the fullest extent permitted by applicable law, any claim that (i) Employee is not subject to the jurisdiction of such courts, (ii) Employee is immune from
any legal process issued by such courts and (iii) any litigation or other proceeding commenced in such courts is brought in an inconvenient forum. Any such arbitration shall be treated as confidential by all parties thereto, except as otherwise
provided by law or as otherwise necessary to enforce any judgment or order issued by the arbitrators. 
 10. Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida without regard to its conflict of laws principles to the extent that such principles would require the application of laws other than the
laws of the State of Florida. 
 11. Notices. Any notice required or permitted to be given under this Agreement shall be
in writing and shall be deemed to have been given when delivered by hand or when deposited in the United States mail by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	If to Employer:	  	If to Employee:
		
	Pediatrix Medical Group, Inc.	  	Frederick V. Miller, M.D., MHA, MBA
	1301 Concord Terrace	  	12709 N.W. 15th Street
	Sunrise, FL 33323	  	Coral Springs, FL 33071
	Attention: General Counsel	  	

 or to such other addresses as either party hereto may from time to time give notice of to the other in the
aforesaid manner. 
 12. Benefits: Binding Effect. This Agreement shall be for the benefit of and binding upon the
parties hereto and their respective heirs, personal representatives, legal representatives, successors and, where applicable, assigns. Notwithstanding the foregoing, Employee may not assign the rights or benefits hereunder without the prior written
consent of Employer. 
  

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 13. Severability. The invalidity of any one or more of the words, phrases, sentences,
clauses or sections contained in this Agreement shall not affect the enforceability of the remaining portions of this Agreement or any part thereof, all of which are inserted conditionally on their being valid in law, and, in the event that any one
or more of the words, phrases, sentences, clauses or sections contained in this Agreement shall be declared invalid, this Agreement shall be construed as if such invalid word or words, phrase or phrases, sentence or sentences, clause or clauses, or
section or sections had not been inserted. If such invalidity is caused by length of time or size of area, or both, the otherwise invalid provision will be considered to be reduced to a period or area, which would cure such invalidity. 

14. Waivers. The waiver by either party hereto of a breach or violation of any term or provision of this Agreement shall not
operate nor be construed as a waiver of any subsequent breach or violation. 
 15. Damages. Nothing contained herein
shall be construed to prevent Employer or Employee from seeking and recovering from the other damages sustained by either or both of them as a result of a breach of any term or provision of this Agreement. In the event that either party hereto
brings suit for the collection of any damages resulting from, or the injunction of any action constituting, a breach of any of the terms or provisions of this Agreement, then the party found to be at fault shall pay all reasonable court costs and
attorneys’ fees of the other, whether such costs and fees are incurred in a court of original jurisdiction or one or more courts of appellate jurisdiction. 
 16. No Third Party Beneficiary. Except as provided in Section 8.9, nothing expressed or implied in this Agreement is intended, or shall be construed, to confer upon or give any person (other
than the parties hereto and, in the case of Employee, Employee’s heirs, personal representative(s) and/or legal representative) any rights or remedies under or by reason of this Agreement. No agreements or representations, oral or otherwise,
express or implied, have been made by either party with respect to the subject matter of this Agreement which agreements or representations are not set forth expressly in this Agreement, and this Agreement supersedes any other employment agreement
between Employer and Employee. 
 17. Assignment. This Agreement may be assigned by Employer upon notice to Employee.

 The remainder of this page has been left blank intentionally. 
  

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 IN WITNESS WHEREOF, the undersigned have executed this Agreement
this 7th day of October, 2008 effective as of the
Effective Date. 
  

							
	EMPLOYER:	  		 	EMPLOYEE:
			
	PEDIATRIX MEDICAL GROUP, INC.	  		 	
				
	By:	 	 /s/ Joseph M. Calabro
	  		 	 /s/ Frederick V. Miller, M.D.

	Name:	 	Joseph M. Calabro	  		 	Frederick V. Miller, M.D., MHA, MBA
	Title:	 	President	  		 	

  

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 EXHIBIT A 
 BUSINESS OF EMPLOYER 
 As of the date hereof,
Employer, directly or through its affiliates, provides professional medical services and all aspects of practice management services in medical practice areas that include, but are not limited to, the following (collectively referred to herein as
“Employer’s Business”): 
 (1) Neonatology, including hospital well baby care; 
 (2) Maternal-Fetal Medicine, including general obstetrics services; 
 (3) Pediatric Cardiology; 
 (4) Pediatric Intensive Care, including Pediatric Hospitalist Care;

 (5) Newborn metabolic and hearing screening services; 
 (6) Anesthesiology. 
 References to Employer’s Business in this Agreement
shall include such other medical service lines, practice management services and other businesses entered into by Employer after the date hereof but during the term of this Agreement; provided, that to be considered a part of Employer’s
Business, Employer must have engaged in such other service line, practice management service or other business at least six (6) months prior to the termination date of this Agreement. For purposes of this Exhibit A, businesses of Employer shall
include the businesses conducted by Employer’s subsidiaries, entities under common control and affiliates as defined under Rule 144 of the Securities Act of 1933, as amended. Such affiliates shall include the professional corporations and
associations whose operating results are consolidated with Employer for financial reporting purposes. 
 Notwithstanding the
foregoing, Employer acknowledges and agrees to the following exceptions and clarifications regarding the scope of Employer’s Business. 
 A. Practice Management Services. Employer acknowledges that, as of the date hereof, Employer’s Business relates to the delivery of both professional and practice management services in the
forgoing practice areas. Therefore, as of the date hereof, Employer acknowledges that it would not be a violation of Section 8.1 of the Agreement for Employee to provide services to a practice management company (such as a billing company or
management services organization (MSO)) if such practice management company is not owned by, affiliated with (as defined under Rule 144 of the Securities Act of 1933, as amended) or under common control with a health care provider that provides
services in the medical services areas included in Employer’s Business. Subject to paragraph C below, the provisions of this paragraph shall not apply to the extent that, after the date hereof, Employer enters into a business that involves the
delivery of practice management services to unrelated third parties. 
  

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 B. Hospital Services. Employer and Employee acknowledge that, as of the date hereof,
Employer does not currently operate hospitals, hospital systems or universities. Nevertheless, the businesses of hospitals, hospital systems and universities would be the same as Employer’s Business where such hospitals, hospital systems or
universities provide or contract with others to provide some or all of the medical services included in Employer’s Business. Therefore, the parties desire to clarify their intent with respect to the limitations on Employee’s ability to
work for or contract with others to provide services for a hospital, hospital system or university after termination of this Agreement. Section 8.1 shall not be deemed to restrict Employee’s ability to work for a hospital, hospital system
or university if the hospital, hospital system or university does not provide any of the medical services included in Employer’s Business. Furthermore, even if a hospital, hospital system or university provides medical services that are
included in Employer’s Business, Employee may work for such hospital, hospital system or university if (i) Employee has no direct supervisory responsibility for or involvement in the hospital’s, hospital system’s or
university’s medical services that are Employer’s Business, and (ii) Employee would not otherwise violate Section 8.1(b). Finally, Employer agrees that Employee may hold direct supervisory responsibility for or be involved in the
medical services of a hospital, hospital system or university that are included in Employer’s Business so long as such hospital, hospital system or university is located at least ten (10) miles from a medical practice owned or operated by
Employer or its affiliate. Subject to paragraph C below, the provisions of this paragraph shall not apply to the extent that, after the date hereof, Employer enters into the business of operating a hospital or hospital system. 
 C. De Minimus Exception. Employer agrees that a medical service line (other than those listed in items 1 through 5 above), practice
management service or other business entered into by Employer shall not be considered to be a part of Employer’s Business if such medical service line, practice management service or other business constitutes less than Fifteen Million Dollars
($15,000,000) of Employer’s annual revenues. 
 D. Certain Ownership Interests. It shall not be deemed to be a
violation of Section 8.1(a) for Employee to: (i) own, directly or indirectly, one percent (1%) or less of a publicly-traded entity; or (ii) own, directly or indirectly, less than five percent (5%) of a privately-held
business or company, if Employee is at all times a passive investor with no board representation, management authority or other special rights to control operations of such business or company. 
  

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 EXHIBIT B 
 COMPENSATION 
 Base Salary: $425,000.00. 
 Performance Bonus: Up to Seventy-Five Percent (75%) of Employee’s Base Salary based upon Employee meeting certain goals and objectives, as
set forth by Employee’s Supervisor. 
 Equity Compensation: Employee shall be eligible for equity compensation as approved by the
Compensation Committee of the Board of Directors. 
  

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 EXHIBIT C 
 FORM OF RELEASE 
 GENERAL RELEASE OF CLAIMS 
 1.
                                        
(“Employee”), for himself and his family, heirs, executors, administrators, legal representatives and their respective successors and assigns, in exchange for the consideration received pursuant to
Section 5.[    ] of the Employment Agreement to which this release is attached as Exhibit A (the “Employment Agreement”), does hereby release and forever discharge Pediatrix Medical Group, Inc.
(“Employer”), its subsidiaries, affiliated companies, successors and assigns, and its current or former directors, officers, employees, shareholders or agents in such capacities (collectively with Employer, the “Released
Parties”) from any and all actions, causes of action, suits, controversies, claims and demands whatsoever, for or by reason of any matter, cause or thing whatsoever, whether known or unknown including, but not limited to, all claims under
any applicable laws arising under or in connection with Employee’s employment or termination thereof, whether for tort, breach of express or implied employment contract, wrongful discharge, intentional infliction of emotional distress, or
defamation or injuries incurred on the job or incurred as a result of loss of employment. Employee acknowledges that Employer encouraged him to consult with an attorney of his choosing, and through this General Release of Claims encourages him to
consult with his attorney with respect to possible claims under the Age Discrimination in Employment Act (“ADEA”) and that he understands that the ADEA is a Federal statute that, among other things, prohibits discrimination on the
basis of age in employment and employee benefits and benefit plans. Without limiting the generality of the release provided above, Employee expressly waives any and all claims under ADEA that he may have as of the date hereof. Employee further
understands that by signing this General Release of Claims he is in fact waiving, releasing and forever giving up any claim under the ADEA as well as all other laws within the scope of this paragraph 1 that may have existed on or prior to the date
hereof. Notwithstanding anything in this paragraph 1 to the contrary, this General Release of Claims shall not apply to (i) any actions to enforce rights to receive any payments or benefits which may be due Employee pursuant to
Section 5.[    ] of the Employment Agreement, or under any of Employer’s employee benefit plans, (ii) any rights or claims that may arise as a result of events occurring after the date this General Release of
Claims is executed, (iii) any indemnification rights Employee may have as a former officer or director of Employer or its subsidiaries or affiliated companies, (iv) any claims for benefits under any directors’ and officers’
liability policy maintained by Employer or its subsidiaries or affiliated companies in accordance with the terms of such policy, and (v) any rights as a holder of equity securities of Employer. 
 2. Employee represents that he has not filed against the Released Parties any complaints, charges, or lawsuits arising out of his
employment, or any other matter arising on or prior to the date of this General Release of Claims, and covenants and agrees that he will never individually or with any person file, or commence the filing of, any charges, lawsuits, complaints or
proceedings with any governmental agency, or against the Released Parties with respect to any of the matters released by Employee pursuant to paragraph 1 hereof (a “Proceeding”); provided, however, Employee shall not
have relinquished his right to commence a Proceeding to challenge whether Employee knowingly and voluntarily waived his rights under ADEA. 
  

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 3. Employee hereby acknowledges that Employer has informed him that he has up to twenty-one
(21) days to sign this General Release of Claims and he may knowingly and voluntarily waive that twenty-one (21) day period by signing this General Release of Claims earlier. Employee also understands that he shall have seven (7) days
following the date on which he signs this General Release of Claims within which to revoke it by providing a written notice of his revocation to Employer. 
 4. Employee acknowledges that this General Release of Claims will be governed by and construed and enforced in accordance with the internal laws of the State of Delaware applicable to contracts made and
to be performed entirely within such State. 
 5. Employee acknowledges that he has read this General Release of Claims, that he
has been advised that he should consult with an attorney before he executes this general release of claims, and that he understands all of its terms and executes it voluntarily and with full knowledge of its significance and the consequences
thereof. 
 6. This General Release of Claims shall take effect on the eighth day following Employee’s execution of this
General Release of Claims unless Employee’s written revocation is delivered to Employer within seven (7) days after such execution. 
  

					
		 		  	  

			
		 		  	                                       
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