Document:

EX - 10.1 (8-K - 10.1.13)

Exhibit 10.1

AMENDMENT NO. [_]1 
TO 
[AMENDED AND RESTATED]2 EMPLOYMENT AGREEMENT

This Amendment No. [_]3 (this "Amendment") dated as of ____________, is made by and between Vanguard Health Systems, Inc., a Delaware corporation (the "Company"), and ____________ (the "Executive").

WHEREAS, the Company and the Executive executed a certain [Amended and Restated]4 Employment Agreement (the "Employment Agreement") dated as of [____________]5, by and between the Executive and the Company.

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Company and the Executive hereby agree that the Employment Agreement is amended as follows:

		
	1.
	Defined Terms. Except for those terms defined above, the definitions of capitalized terms used in this Amendment are as provided in the Employment Agreement.

		
	2.
	Amendment to Section 2. Section 2 of the Employment Agreement entitled "Term" is hereby amended by adding the following sentence at the end thereof: "Notwithstanding the foregoing, in the event of a Change in Control, and if the Term otherwise expires pursuant to Section 2 solely due to passage of time on or before the first anniversary of such Change in Control, the Term shall be extended to the first anniversary of such Change in Control."

		
	3.
	Amendment to Section 11(d). Section 11(d) of the Employment Agreement is hereby amended by replacing in its entirety the introductory clause ("If" through "then") with the following: "If (A) within two (2) years following a Change in Control the Company shall terminate the Executive's employment in breach of this Agreement, or (B) within two (2) years following a Change in Control the Executive shall terminate his employment for Good Reason, then".

		
	4.
	Amendment to Section 11(e). Section 11(e) of the Employment Agreement is hereby amended by replacing the introductory clause ("If" through "then") with the following: "If (A) prior to, or on or after the second (2nd) anniversary of, any Change in Control the Company shall terminate the Executive's employment in breach of this Agreement or (B) prior to, or on or after the second (2nd) anniversary of,  any Change in Control the Executive shall terminate his employment for Good Reason, then".

____________________

		
	 1
	Martin, Jr.: 7; Pitts: 7; Roe: 5; Perkins: 2.

		
	 2
	Amended and Restated applies only to: Martin, Jr.; Pitts.

		
	 3
	Martin, Jr.: 7; Pitts: 7; Roe: 5; Perkins: 2.

		
	 4
	Amended and Restated applies only to:  Martin, Jr.; Pitts.

		
	 5
	Martin, Jr.: September 23, 2004; Pitts: September 23, 2004; Roe: November 15, 2007; Perkins: July 1, 2009.

		
	5.
	Amendment to Section 11(g). Section 11(g) of the Employment Agreement is hereby deleted in its entirety and replaced with the following: "It is the Company's intent that payments and benefits under this Agreement comply with Section 409A of the Internal Revenue Code of 1986, as amended, and rules and regulations issued thereunder ("Section 409A"), to the extent subject thereto, and accordingly, to the maximum extent permitted, this Agreement shall be interpreted and administered to be in compliance therewith. Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A, the Executive shall not be considered to have terminated employment with the Company or any subsidiary or affiliate thereof for purposes of this Agreement unless the Executive would be considered to have incurred a "separation from service" from the Company or any of its subsidiaries or affiliates within the meaning of Section 409A ("Separation from Service"). Each amount to be paid or benefit to be provided under this Agreement shall be construed as a separate identified payment for purposes of Section 409A, and any payments described in this Agreement that are due within the “short term deferral period” as defined in Section 409A shall not be treated as deferred compensation unless applicable law requires otherwise. Without limiting the foregoing and notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this Agreement during the six-month period immediately following the Executive's Separation from Service shall instead be paid on the first business day after the date that is six months following the Executive’s Separation from Service (or death, if earlier).  This Agreement may be amended in any respect deemed by the Company to be necessary in order to preserve compliance with Section 409A. All reimbursements or in-kind benefits provided under this Agreement will be provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (a) the amount of expenses eligible for reimbursement during one calendar year will not affect the amount of expenses eligible for reimbursement in any other calendar year; (b) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the calendar year in which the expense is incurred; and (c) the right to any reimbursement will not be subject to liquidation or exchange for another benefit."

		
	6.
	The Employment Agreement is hereby amended in all other respects, if any, necessary to conform with the amendments set forth in this Amendment.  In the event any conflict or apparent conflict between any of the provisions of the Employment Agreement as amended by this Amendment, such conflicting provisions shall be reconciled and construed to give effect to the terms and intent of this Amendment.  Except as amended hereby, the Employment Agreement shall continue, unmodified, and in full force and effect.

		
	7.
	This Amendment shall be governed in accordance with the laws of the State of Tennessee.

		
	8.
	This Amendment may be executed in multiple counterparts, each of which shall be deemed an original and all of which shall constitute one document.

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its duly authorized officer and the Executive has executed this Amendment, each as of the day and year first set forth above.

	
			
	 
	VANGUARD HEALTH SYSTEMS, INC.

	 
	 

	 
	By:
	/s/ 

	 
	 
	[OFFICER]

	 
	 
	[TITLE]

	 
	 
	 

	 
	EXECUTIVE:

	 
	By:
	/s/ 

	 
	 
	[EXECUTIVE'S NAME]EX - 10.2 (8-K - 10.1.13)

Exhibit 10.2
NONCOMPETITION AGREEMENT
This Noncompetition Agreement (this “Noncompetition Agreement”), dated as of September 30, 2013, is made by and between Vanguard Health Systems, Inc., a Delaware corporation (the “Company”) and Bradley A. Perkins (the “Executive”).
WHEREAS, the Company desires to secure certain confidentiality and noncompetition restrictions on the Executive from and after the date hereof and the Executive desires to provide such restrictions, in each case pursuant to the terms and conditions hereof;
WHEREAS, the parties desire to enter into this Noncompetition Agreement setting forth the terms and conditions of the Executive’s confidentiality and noncompetition restrictions; and
NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained, the Company and the Executive hereby agree as follows:
1.  Consideration. In consideration for the Executive agreeing to abide by the terms and conditions of this Noncompetition Agreement, the Company shall pay Executive $1,900,000, as a lump sum cash payment within 30 days of the date hereof.
2.  Confidentiality.  The Executive covenants and agrees that he will not at any time during and after the end of his employment, directly or indirectly, use for his own account, or disclose to any person, firm or corporation, other than authorized officers, directors and employees of the Company or its subsidiaries, Confidential Information (as hereinafter defined) of the Company.  As used herein, “Confidential Information” of the Company means information of any kind, nature or description which is disclosed to or otherwise known to the Executive as a direct or indirect consequence of his association with the Company, which information is not generally known to the public or by others in the businesses in which the Company is engaged or which information relates to specific investment opportunities within the scope of the Company’s business which were considered by the Executive or the Company during the term of his employment.  
3.  Noncompetition.  The Executive covenants and agrees that while the Executive remains employed by the Company or its subsidiary and for a period of 18 months following the termination of the Executive’s employment, the Executive shall not, directly or indirectly own any interest in, operate, join, control, or participate as a partner, director, principal, officer, or agent of, enter into the employment of, act as a consultant to, or perform any services for any entity which is a general acute care hospital system or is in the general acute care hospital or general acute care hospital management business.  Notwithstanding anything herein to the contrary, the foregoing provisions of this Section 3 shall not prevent the Executive from (a) acquiring securities representing not more than 5% of the outstanding voting securities of any publicly held corporation or (b) working as an accountant or an attorney for a law or accounting firm.
4.  Entire Agreement.  This Noncompetition Agreement contains all the understandings between the parties hereto pertaining to the matters referred to herein, and shall supersede all undertakings and agreements, whether oral or in writing, previously entered into by them with respect thereto.  The Executive represents that, in executing this Noncompetition Agreement, he does not rely and has not relied upon any representation or statement not set forth herein made by the Company with regard to the subject matter, bases or effect of this Noncompetition Agreement or otherwise.

5.  Amendment or Modification, Waiver.  No provision of this Noncompetition Agreement may be amended or waived unless such amendment or waiver is agreed to in writing, signed by the Executive and by a duly authorized officer of the Company.  No waiver by any party hereto of any breach by another party hereto of any condition or provision of this Noncompetition Agreement to be performed by such other party shall be deemed a waiver of a similar or dissimilar condition or provision at the same time, any prior time or any subsequent time.  This Noncompetition Agreement is a personal contract and the rights and interests of the Executive hereunder may not be sold, transferred, assigned, pledged, encumbered, or hypothecated by him. 
6.  Severability.  If any provision of this Noncompetition Agreement or the application of any such provision to any party or circumstances shall be determined by any court of competent jurisdiction to be invalid and unenforceable to any extent, the remainder of this Noncompetition Agreement or the application of such provision to such person or circumstances other than those to which it is so determined to be invalid and unenforceable, shall not be affected thereby, and each provision hereof shall be validated and shall be enforced to the fullest extent permitted by law.
7.  Survivorship.  The respective rights and obligations of the parties hereunder shall survive any termination of this Noncompetition Agreement to the extent necessary to the intended preservation of such rights and obligations.  
8. Governing Law; Attorney’s Fees.
(a) This Noncompetition Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, without regard to its conflicts of laws principles.
(b) The prevailing party in any dispute arising out of this Noncompetition Agreement shall be entitled to be paid its reasonable attorney’s fees incurred in connection with such dispute from the other party to such dispute.
9. Headings.  All descriptive headings of sections and paragraphs in this Noncompetition Agreement are intended solely for convenience, and no provision of this Noncompetition Agreement is to be construed by reference to the heading of any section or paragraph.
10. Counterparts.  This Noncompetition Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have executed this Noncompetition Agreement as of the date first above written.

	
			
	 
	 

	

	VANGUARD HEALTH SYSTEMS, INC.

	 
	 

	 
	 

	 
	By:
	/s/ James H. Spalding

	 
	 
	Name:  James H. Spalding

	 
	 
	Title:   Executive Vice President, General Counsel & Secretary

	 
	 

	 
	THE EXECUTIVE

	 
	 

	 
	 

	 
	By:
	/s/ Bradley A. Perkins

	 
	 
	Name:  Bradley A. Perkins

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