Document:

EX-10.1

 Exhibit 10.1 
  

 
 USMD August 15, 2016 Michael Bukosky 5302 Summerwood Drive Temple, TX 76502 Mike: As we continue to gain a better understanding of
the future of USMD, we recognize the critical importance of your role in our continued success. Therefore I am pleased to inform you that USMD will offer to you a retention bonus associated with the closing of a transaction to sell USMD to Optum
and/or its affiliates (the “Transaction”). The retention bonus described in this letter will not be in place unless the Company closes the Transaction. If the Transaction closes, the Company will pay your full 2016 performance bonus of 70%
of your annualized salary, or $266,000, should you remain employed by the Company for one year post-Closing. This is not an additional bonus, but instead a commitment to pay fair and reasonable compensation based on your current potential bonus
structure. If due, this bonus will be paid in one lump sum within ten (10) business days after the one year anniversary of the Closing of the Transaction, as opposed to the normal timeframe of the end of the first quarter in 2017. If USMD terminates
your employment within the first year, you will receive a prorated percentage of the retention bonus for the time you did remain employed. If you voluntarily terminate your employment during the first year, you will not receive the retention bonus.
This retention bonus will not otherwise affect your rights to severance under your existing severance agreement. Your severance agreement will be administered appropriately, if the specific terms and conditions are met. Neither this offer nor any
part of it constitutes an employment agreement. Your employment arrangement remains at will. I thank you for all of your efforts and look forward to continued success at USMD. Sincerely, John M. House, M.D. Chairman, President and CEO USMD Health
System 6333 North State Highway 161 Suite 200 Irving, Texas 75038 214.493.4000 Office 888.548.4633 Toll Free 214.493.4092 Fax www.usmdinc.com Physicians Empowered for PatientsExhibit

EXHIBIT 10.46

Description of 2015 Incentive and Retention Awards
On December 8, 2013, Sysco Corporation (“Sysco” or the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with USF Holding Corp. (“USF”), a Delaware corporation and the parent of US Foods, Inc. (“US Foods”), and two wholly-owned subsidiaries of Sysco, pursuant to which Sysco agreed to acquire USF (the “Merger”), on the terms and subject to the conditions set forth in the Merger Agreement. 
On March 21, 2014, the Compensation Committee (the “Committee”) of the Board of Directors of the Company approved the immediate payment of incentive and retention cash awards to certain senior officers of the Company instrumental in the successful negotiation of the Merger Agreement, as well as the establishment of an incentive pool (the “Merger Incentive Pool”) for certain senior officers (including the named executive officers other than the Company’s Chief Executive Officer) expected to be directly involved in Merger integration. The target value of each individual cash award under the Merger Incentive Pool was based on the officer’s specific role with respect to the Merger integration planning efforts and was expressed as a percentage of base salary, and the payment of these cash awards was contingent, among other things, upon the closing of the Merger and the approval of a definitive integration plan. 
On June 26, 2015, the Company, USF and the two merger subsidiaries of Sysco entered into an Agreement and Release to terminate the Merger Agreement. The parties mutually agreed to terminate the Merger Agreement following the decision of the U.S. District Court for the District of Columbia to grant the Federal Trade Commission’s request for a preliminary injunction to block the transactions contemplated by the Merger Agreement. Due to the termination of the Merger Agreement and the resulting failure to satisfy the conditions to payment described above, no payments have been, or will be, made pursuant to the Merger Incentive Pool. 
Incentive and Retention Payments 
From the effective date of the Merger Agreement in December 2013 through the termination thereof in June 2015, certain senior officers of the Company were directly engaged in planning the complex integration in connection with the Merger, while simultaneously continuing to effectively lead Sysco’s ongoing operations during the pendency of the Merger. 
On July 10, 2015, (a) based on the strong desire of the Committee to motivate and retain these senior officers as they transitioned their focus from Merger integration planning to pursuing other operational and strategic initiatives, (b) in an effort to recognize that these individuals played critical roles in the development of the strategy of the Company in conjunction with their integration planning work, and (c) in recognition of the work product generated by the Merger integration planning teams under the direction of these senior officers, which was expected to be of considerable value to the Company in the future, the Committee approved one-time incentive and retention cash payments to such officers, including the following payments to five of the Company’s named executive officers to be identified in the Company’s proxy statement for the 2016 Annual Meeting of Stockholders: 
Thomas Bené – $281,250
Joel T. Grade – $60,000
Russell T. Libby– $315,000
Wayne R. Shurts – $264,150
Robert C. Kreidler – $429,000

The amount of each incentive and retention payment was determined in reference to typical market conventions for incentive and retention awards, as well as the future value of the work generated by the Merger integration planning teams. The Committee used the target amounts under the Merger Incentive Pool as a reference only, and considering the reference factors above, determined the payment amounts, which were a fraction of such target amounts. 
The incentive and retention payments described above were paid within 30 days of the Committee’s approval, and were subject to a twelve-month recoupment provision whereby, subject to applicable law, all of the award paid to the recipient could have been recovered by the Company if the recipient voluntarily left the Company or was terminated for cause within the twelve-month period following receipt of the award. The Committee waived application of the recoupment provision to Mr. Kreidler’s incentive and retention payment.Exhibit

Exhibit 10.59

Summary of Current Compensation Arrangements with Non-Employee Directors 
 (As of August 29, 2016) 

The following summarizes, as of August 29, 2016, the current cash compensation and benefits received by the Company’s non-employee directors. The following is a summary of existing arrangements, and does not provide any additional rights. 

Retainer Fees 

The Company pays each non-employee director a base retainer of $100,000 per year (the “Base Retainer”). Non-employee directors who serve as committee chairpersons receive annual additional amounts as follows: 

	
		
	Audit Committee Chair
	$25,000

	Compensation Committee Chair
	$20,000

	Corporate Governance and Nominating Committee Chair
	$20,000

	Finance Committee Chair
	$20,000

	Sustainability Committee Chair
	$15,000

In November 2013, the Board selected Jackie M. Ward as its Non-Executive Chairman.  In addition to the compensation received by all non-employee directors, Ms. Ward receives an additional annual retainer of $475,000, paid quarterly, for her service as Non-Executive Chairman.

Directors Deferred Compensation Plan

Non-employee directors may defer all or a portion of their annual retainer, including additional fees paid to committee chairpersons and any additional retainer fee paid to the non-executive Chairman of the Board and/or Lead Director, under the Directors Deferred Compensation Plan. With respect to amounts deferred, non-employee directors may choose from a variety of investment options, including Moody’s Average Corporate Bond Yield plus 1% for amounts deferred or matched prior to July 2, 2008 and Moody’s Average Corporate Bond Yield without the additional 1% for amounts deferred or matched on or after July 2, 2008. Such deferred amounts will be credited with investment gains or losses until the non-employee director’s retirement from the Board or until the occurrence of certain other events. 

Non-Employee Directors Stock Plan

The 2009 Non-Employee Directors Stock Plan (the “Plan”) authorizes grants of stock options, restricted stock, restricted stock units and elected shares in lieu of all or a portion of the Base Retainer and any additional retainer fee paid to the non-executive Chairman of 

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the Board and/or Lead Director for his or her service in such capacity and any fees paid to a committee chairman for his or her service in such capacity.
 
Restricted Stock.  Under the Plan, the Board is authorized to issue restricted stock and restricted stock units to non-employee directors on terms set forth in the Plan.

Elected Shares.  The Plan permits each non-employee director to elect to receive all or a portion of his or her annual retainer (including any additional retainer fee paid to the non-executive Chairman of the Board and/or Lead Director for his or her service in such capacity and any fees paid to a committee chairman for his or her service in such capacity) in Common Stock. The Company will provide a matching grant with respect to up to 50% of the Base Retainer that a non-employee director elects to receive in Common Stock (the “Match Eligible Shares”). The matching grant shall be equal to 50% of the Match Eligible Shares that a non-employee director receives. With respect to the remaining portion of the Base Retainer and any additional retainer fee paid to the non-executive Chairman of the Board and/or Lead Director for his or her service in such capacity and any fees paid to a committee chairman for his or her service in such capacity, a non-employee director may elect to receive Common Stock, but it is not eligible for the matching grant described in this paragraph.

The Board does not currently grant annual stock option or restricted stock unit awards under this Plan. 

2009 Board of Directors Stock Deferral Plan

A non-employee director may elect to defer receipt of all or any portion of any shares of common stock issued under the Non-Employee Directors Stock Plan, whether such shares are to be issued as a grant of restricted stock, elected shares or matching grants, or upon the vesting of a restricted stock unit grant. Generally, the receipt of stock may be deferred until the earliest to occur of the death of the non-employee director, the date on which the non-employee director ceases to be a director of Sysco, or a change of control of Sysco.

Reimbursement for Expenses

All non-employee directors are entitled to receive reimbursements of expenses for all services as a director, including committee participation or special assignments. This includes reimbursement for non-commercial air travel in connection with Sysco business, subject to specified maximums, provided that amounts related to the purchase price of an aircraft or fractional interest in an aircraft are not reimbursable and any portion of the reimbursement that relates to insurance, maintenance and other non-incremental costs is limited to a maximum annual amount. 

The Directors Deferred Compensation Plan, the 2009 Non-Employee Directors Stock Plan and the 2009 Board of Directors Stock Deferral Plan, have been filed as exhibits to the Company’s filings pursuant to the Securities Exchange Act of 1934, as amended. Additional information regarding these plans is included in the Company’s 2015 Proxy Statement.

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