Document:

exhibit10_1.htm

May 27, 2010

Mr. Andrew R. Mintz

186 Highland Avenue

Short Hills, NJ 07078

Dear Andrew:

On behalf of IntegraMed, I am writing to offer you the position of President, Fertility Services Division reporting directly to me.  We at IntegraMed are very excited about adding your special skills and talent to our team. Our employment offer includes:

BASE SALARY - Should you accept our offer, the base salary for the position is $13,461.54 per pay period, which annualizes to $350,000.00. Our pay periods are every two (2) weeks; we have 26 pay periods per year.

BENEFITS – IntegraMed’s benefits program includes medical, dental, life insurance, long-term disability, Flexible Spending Account, and a 401(k) Plan.  These are available to you as a full-time employee on the first of the month, following 30 days of employment. Information about these programs and other company benefits, along with guidelines concerning employment with IntegraMed America, will be reviewed at your formal orientation.  Enclosed is a Benefits Summary Sheet for your review.

PAID TIME OFF – You will be eligible for three (3) weeks of vacation, one (1) floating holiday and five (5) sick days for the remaining 2010 calendar year.  Starting in 2011, you will be eligible for two (2) floating holidays and six (6) sick days.  On January 1st after the completion of three consecutive years of service, an additional five (5) vacation days will be granted.

BONUS - The President position is eligible to participate in an incentive bonus program of up to 50% of your base salary, prorated for 2010 and fully available in 2011 and beyond.  We will guarantee a $25,000 bonus for 2010, payable on or about March 2, 2011 and also guarantee a $25,000 bonus payment for the first six months of 2011. This bonus program is designed to reward achievement in business.  As part of your orientation, we will develop your specific bonus milestones for the balance of 2010.

EQUITY COMPENSATION – The President, Fertility Centers Division position qualifies for the Company’s equity compensation program.   You will receive a stock grant of $100,000 worth of the Company common stock with the number of shares to be determined based on the closing price of the Company stock on the first day of your employment ( “Grant Date”). The stock will vest over five years as will be more fully set forth in our standard restricted stock award agreement. Additionally you will be granted a stock option for $40,000 worth of Company stock the number of shares and the option price for which will be determined based on the closing price of the Company’s stock on the Grant Date. The options will vest over a four year vesting period from the Grant Date, as will be more fully set forth in our standard option agreement.

  

  

  

INTRODUCTORY PERIOD – I will be your direct Supervisor and coordinate your orientation program, provide ongoing support and conduct periodic performance reviews in accordance with company policy as outlined in the company’s employee manual.  It is the policy of IntegraMed America to consider the first 90 days of anyone’s employment with IntegraMed America to be an introductory period during which time an employee is carefully evaluated by his/her Supervisor to determine whether or not the individual can perform the functions of their job in a satisfactory

manner and whether or not the individual has the potential to be a suitable contributor to the achievement of the company’s objectives. Notwithstanding the introductory period, your employment with IntegraMed is at-will.

NON-DISCLOSURE AND NON-COMPETE - Enclosed are Non-Disclosure and Non-Compete Agreements for your review.  Please sign both the Non-Disclosure and Non-Compete Agreements and return with this letter.

Our goal for IntegraMed America is to build a team of people who enjoy the challenge and rigor of creating a dynamic and successful enterprise that demonstrates excellence in the quality of its patient care and its business performance. You will be a key person in these endeavors and we look forward to having you join us on August 1, 2010.

Our offer is based on confidence that your employment with IntegraMed America will be a mutually rewarding and enriching experience, but this offer does not constitute a contract of employment, nor does it guarantee lifetime security.  Employment at IntegraMed America is employment-at-will.  This offer is contingent upon satisfactory results of your reference and background checks.

Thank you for your interest in employment with IntegraMed America.  We look forward to hearing from you. In the meantime, if you have any questions about our offer or IntegraMed America, please feel free to contact me.

Sincerely,

Jay Higham

President & CEO

Enclosures

Cc:  Angela Gizinski

I am accepting the offer of employment with IntegraMed America, Inc. as President, Fertility Services Division.  I will be able to start on or before August 1, 2010.

/s/Andrew R. Mintz                                                                                                                  May 31, 2010

____________________________________________                                             ________________________

Signature – Andrew R. Mintz                                                                                                Dateckxexhibit42.htm - Generated by SEC Publisher for SEC Filing

Exhibit 4.2

 

AMENDMENT NO. 1 TO THE

RIGHTS AGREEMENT

AMENDMENT, dated as of July 13, 2010 (this “Amendment”), between CKx, Inc., a Delaware corporation (the “Company”), and Mellon Investor Services LLC as Rights Agent (the “Rights Agent”) to the Rights Agreement, dated as of June 24, 2010 (the “Rights Agreement”), between the Company and the Rights Agent. 

RECITALS

WHEREAS, the Company and Mellon Investor Services LLC, as Rights Agent, are parties to the Rights Agreement;

WHEREAS, pursuant to, and subject to the terms of, Section 27 of the Rights Agreement, at any time prior to the time at which any Person becomes an Acquiring Person, the Company may from time to time supplement or amend the Rights Agreement without the approval of any holders of Right Certificates, any such supplement or amendment to be evidenced by a writing signed by the Company and the Rights Agent; 

WHEREAS, no Person has yet become an Acquiring Person and the Board of Directors of the Company has determined that an amendment to the Rights Agreement as set forth herein is necessary and desirable and the Company and the Rights Agent desire to evidence such amendment in writing.

WHEREAS, all acts and things necessary to make this Amendment a valid agreement, enforceable according to its terms have been done and performed, and the execution and delivery of this Amendment by the Company and the Rights Agent have been in all respects duly authorized by the Company and the Rights Agent.

Accordingly, the parties agree as follows:

A.  Amendment of Section 1 of the Rights Agreement.  The definition of “Beneficial Owner” in Section 1(d) of the Rights Agreement is amended by adding the following sentence at the end thereof:
 “For purposes of this definition, a Person (the “Potential Acquiring Party”) shall not be deemed the Beneficial Owner of, or to Beneficially Own, securities held by any other Person (the “Agreeing Party”) solely because of an agreement, arrangement or understanding between the Potential Acquiring Party and the Agreeing Party that the Agreeing Party (a) will not tender or otherwise sell Common Shares in an offer made by the Potential Acquiring Party pursuant to Regulation 14D or Rule 13e-4 under the Exchange Act and/or (b) agrees to commit Persons to whom the Agreeing Party transfers Common Shares not to tender or otherwise sell such Common Shares in an offer by the Potential Acquiring Party made pursuant to Regulation 14D or Rule 13e-4 under the Exchange Act; nor shall 

 

 

 the Agreeing Party be deemed to be the Beneficial Owner of, or to Beneficially Own, securities held by the Potential Acquiring Person solely as a result of any such agreement, arrangement or understanding.”
 B.  Effectiveness.  This Amendment shall be deemed effective as of the date first written above, as if executed on such date.  Except as specifically amended by this Amendment, all other terms and conditions of the Rights Agreement shall remain in full force and effect and are hereby ratified and confirmed.
 C.  Miscellaneous. This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State. This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed an original, and all such counterparts shall together constitute but one and the same instrument. If any provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be invalid, illegal or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full force and effect and shall in no way be effected, impaired or invalidated.  Except as otherwise expressly provided herein, or unless the context otherwise requires, all terms used herein have the meanings assigned to them in the Rights Agreement.  The Rights Agent and the Company hereby waive any notice requirement under the Rights Agreement pertaining to the matters covered by this Amendment.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and attested, all as of the date and year first above written.

	
Attest:

	
CKX, INC.

	
 

	
 

	
 

	
 

	
 

	
 

	
By:  __/s/ Kelly Pontano_______

	
By: __/s/ Jason K. Horowitz______

	
Name: Kelly Pontano

	
Name: Jason K. Horowitz

	
Title: Associate Counsel and VP

	
Title: Senior Vice President

	
 

	
 

	
 

	
 

	
Attest:

	
MELLON INVESTOR SERVICES LLC, 

	
 

	
as Rights Agent

	
 

	
 

	
 

	
 

	
By:  __/s/ Jeanette Rocha_______

	
By:  _/s/ Stephen Jones_________

	
Name: Jeanette Rocha

	
Name: Stephen Jones

	
Title: Relationship Manager

	
Title: Vice President

 

 

–3–

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