Document:

Form of 2007 Severance Protection Plan Participation Agreement

 EXHIBIT 10.45 
 MASIMO CORPORATION 
 2007 SEVERANCE PROTECTION PLAN 
  

 Participation Agreement

  

 Masimo Corporation 
 Letterhead 
 Personal & Confidential 
 [Selected Employee’s Name] 
 [Selected Employee’s Address]

  

	 	Re:	Masimo Corporation 2007 Executive Severance Protection Plan 

 Participation Agreement 
 Dear [Employee Name]: 
 This letter relates to the 2007 Executive Severance Protection Plan (the “Plan”) that we, Masimo Corporation have adopted. 
 Through this letter, you are being offered the opportunity to become a participant in the Plan, and thereby to be eligible to receive the basic, change
in control, and voluntary severance benefits described below. A copy of the Plan is attached to this letter. You should read it carefully and become comfortable with its terms and conditions, and those set forth below. 
 If you choose to sign below, you will be establishing a Participation Agreement within the meaning of the Plan, and you will thereby be acknowledging and
agreeing to the following provisions: 
  

	 	(a)	that you have received and reviewed a copy of the Plan; 

  

	 	(b)	that terms not defined in this letter but beginning with initial capital letters shall have the meaning assigned to them in the Plan; 

  

	 	(c)	that your participation in the Plan requires that you agree irrevocably and voluntarily to the terms of the Plan and the terms set forth below; and 

  

	 	(d)	that you have had the opportunity to carefully evaluate this opportunity, and desire to participate in the Plan according to the terms and conditions set forth herein.

 Subject to the foregoing, we invite you to become a “Participant” in the Plan. Your participation in the Plan will
be effective upon your signing and returning this letter agreement to the Company within thirty (30) days of your receipt of this letter agreement. 

 NOW, THEREFORE, you and the Company (hereinafter referred to as “the parties”) hereby AGREE as
follows: 
 1. If while the Plan and this Participation Agreement are in effect, you become entitled to a Basic Severance Benefit in
accordance with Sections 2 and 4 of the Plan, then – 
  

	 	a)	your Basic Severance Benefit shall equal your annual salary (“Base Salary”) determined at the highest rate in effect during the one-year period before the
date of your Covered Termination. 

  

	 	b)	You and your COBRA qualifying beneficiaries will be entitled to COBRA continuation coverage at the Company’s expense for a period of twelve months (12) following your
Covered Termination. Thereafter, you will be entitled to continuation coverage at your own expense and only to the extent it is legally required under applicable federal or state law, notably COBRA. In addition, the Company shall make life insurance
coverage over the first twelve months following your covered termination available for purchase by you. 

  

	 	c)	Notwithstanding the foregoing, if you commence new employment during the time that you are receiving any Basic Severance Benefit, any income or benefits that you receive from such
new subsequent employment will offset and reduce (on a dollar for dollar basis) your Basic Severance Benefits payable from the date such new employment commences. 

 2. If while the Plan and this Participation Agreement are in effect, you become entitled to a Change in Control Severance Benefit in accordance with
Sections 3 and 4 of the Plan, then you will receive whichever of the following is applicable, but not both of them. 
  

	 	a)	If your employment terminates on the date of a Change in Control specifically because your current job (taking into account your division level) was not offered to you on the date
of such Change in Control, your Change in Control Severance Benefit shall equal the sum of (i) your Base Salary, and (ii) one times the average annual bonus over the last three years (“Average Bonus”). In addition,
you will receive the welfare benefits described under Section 1.b) above. 

  

	 	b)	If you experience a Covered Termination on or after a Change in Control for a reason other than as set forth in preceding paragraph 2.a), then your Change in Control Severance
Benefit shall equal the sum of (i) two times your Base Salary, and (ii) one times your Average Bonus. 

  

	 	c)	You and your COBRA qualifying beneficiaries will be entitled to COBRA continuation coverage at the Company’s expense for a period of 12 months following the date of your
Covered Termination. Thereafter, you will be entitled to continuation coverage at your own expense and only to the extent it is legally required under applicable federal or state law, notably COBRA. In addition, the Company shall provide you with
Company paid life insurance for the first 12 months following your Covered Termination. 

  

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 3. As a condition of receiving any Severance Benefits pursuant to the Plan and this letter agreement, you
must sign all documents listed in Section 4 of the Plan. 
 4. In consideration of becoming eligible to receive the Severance Benefits
provided under the terms and conditions of the Plan and this Participation Agreement, you agree to waive any and all rights, benefits, and privileges to severance benefits that you might otherwise be entitled to receive under any other oral or
written plan, employment agreement or arrangement. 
 5. You understand that the waiver set forth in Section 4 above is irrevocable, and
that this letter agreement and the Plan set forth the entire agreement between us with respect to any subject matter covered herein. 
 6.
Subject to Section 12(b) of the Plan, this letter agreement shall terminate, and your status as a “Participant” in the Plan shall end, on the first to occur of – 
  

	 	a)	your termination of employment other than pursuant to a “Covered Termination” as defined in Section 2(d)(i) of the Plan; or 

  

	 	b)	the Sponsor’s termination of the Plan before you become entitled to Severance Benefits as the result of a termination of your employment, including a Covered Termination.

 7. While the Plan and this Participation Agreement are in effect, you acknowledge that if you decide to voluntarily resign,
you will give the Company six (6) months notice. 
 8. As a condition for receiving benefits under the Plan and this letter agreement,
you agree that the Committee may reduce your Plan benefits to avoid triggering any “excess parachute payments” under Section 280G of the Code. 
 9. If any provision of the Plan, or of this Participation Agreement, is determined to be unlawful, invalid or unenforceable, such provision shall be deemed severed from the Plan or this Participation Agreement,
respectively, but every other provision of the Plan or of this Participation Agreement shall remain in full force and effect. In substitution for any provision of the Plan or this Participation Agreement being held unlawful, invalid or
unenforceable, there shall be substituted a provision of similar import reflecting the original intent of the parties hereto to the fullest extent permissible under law. 
 10. You recognize and agree that your execution of this letter agreement results in your enrollment and participation in the Plan, that you agree to be bound by the terms and conditions of the Plan and this letter
agreement, and that you understand that this letter agreement may not be amended or modified except pursuant to Section 12 of the Plan. 
  

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		 		 	The “Company”:
	Dated: _________ ___, 2007	 		 	
		 		 	MASIMO CORPORATION
					
		 		 		 	By	 	  
		 		 		 		 	Joe E. Kiani,
		 		 		 		 	 Chief Executive Officer and Chairman of the
 Board of
Directors

 ACCEPTED AND AGREED TO this ________ day of ______________, 20___. 
  

	
	
	   
	Your Name (printed)
	
	   
	Your Signature

  

 4Amended and Restated Employment Agreement

 Exhibit 10.26 
 AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT (“Agreement”) dated as of July 16, 2007 is entered into by and between MSC-Medical Services Company, a Florida
corporation (the “Company”) and Gary S. Jensen (“Executive”). 
 Recitals 
 The Company, through its Board of Directors (the “Board”), and the Executive desire to amend and restate that certain Employment Agreement
dated as of August 26, 2005 (as amended, “the “Original Agreement”) on the terms and conditions set forth in this Agreement. 
 Agreement 
 For and in consideration of the foregoing and the mutual covenants of the parties herein contained, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1.
EMPLOYMENT. The Company hereby employs Executive to serve in the capacities described herein, and Executive hereby accepts such employment and agrees to perform the services described herein upon the terms and conditions hereinafter set
forth. 
 2. TERM. The employment of Executive under this Agreement, shall be for the period (the “Initial Term”) beginning
on September 6, 2005 (the “Effective Date”) and ending on the close of business on February 15, 2009 (the “Expiration Date”). Thereafter, this Agreement shall automatically renew for successive one (1) year
periods, unless either party provides written notice to the other party of its intention to terminate this Agreement thirty (30) days prior to the expiration of the term (each a “Renewal Term” and together with the Initial Term, the
“Term”). The Term shall be subject to earlier termination in accordance with the terms and conditions of this Agreement. 
 3.
DUTIES. Executive shall serve as and have the title of Senior Vice President—Chief Financial Officer and shall have such duties as assigned by the Chief Executive Officer from time to time. Executive agrees to devote his full business
time, energy, skills and best efforts to such employment while so employed. Nothing in this Agreement shall preclude Executive from engaging in charitable and community affairs so long as, in the reasonable determination of the Board, such
activities do not interfere with his duties and responsibilities hereunder or from serving, subject to the prior approval of the Board, as a member of the board of directors or as a trustee of any other corporation, association or entity.

 4. COMPENSATION. 
 (a) Base Compensation. The Company shall pay Executive, and Executive agrees to accept, an
initial base compensation at the initial rate of Two Hundred Seventy Thousand Dollars ($270,000) per year, in equal installments no less frequently than monthly, through the Term (the “Base Compensation”). The Base Compensation shall be
reviewed by the Company annually on January 1st of 

 
each year during the Term (including, without limitation, on January 1, 2006) and subject to increases according to the performance of the Executive, as
determined by the Board, in its sole and absolute discretion. 
 (b) Annual Bonus Compensation. Executive shall be eligible for an
annual bonus based on the realization of financial and performance goals of the Company and the Executive. The financial and performance goals to be met by Executive shall be discussed, mutually agreed to and reduced to writing in January of each
year. Assuming satisfaction of such goals, the target bonus will be fifty percent (50%) of the Base Compensation, with a maximum of up to eighty percent (80%) of the Base Compensation. 
 5. BENEFITS. 
 (a) Generally.
Executive shall be eligible for fringe benefits pursuant to any pension, retirement, or other employee fringe benefit plan that the Company makes available to employees of the Company and for which Executive will qualify according to his eligibility
under the provisions thereof, on the same basis as is applicable to other similarly situated executive employees. 
 (b) Health and
Disability Insurance. Executive shall be entitled to participate in health and disability insurance plans that the Company offers to other employees of the Company from time to time, on the same basis as is applicable to other similarly situated
executive employees, consistent with past practice. 
 (c) Vacation. During the Term of this Agreement, Executive shall be entitled to
fifteen (15) paid vacation days, plus paid Company holidays and sick days in accordance with the Company’s policies and procedures applicable to similarly situated executive employees 
 6. EXPENSES. Except as otherwise agreed to herein, Executive shall be reimbursed for all usual business expenses incurred on behalf of the
Company, in accordance with Company practices and procedures, the reasonable costs and expenses incurred in connection with Executive’s temporary residence in Jacksonville, Florida for a period of ninety (90) days following the Effective Date
(the “Temporary Period”) and the travel costs of the Executive to return to his primary residence up to six (6) times during the Temporary Period. Additionally, Executive shall be entitled to receive an amount equal to the lesser of (a)
Seventy Five Thousand Dollars ($75,000) or (b) the actual out-of-pocket relocation expenses of Executive in connection with his relocation to Jacksonville, Florida (the “Relocation Expense”); provided, however, in the event that, within
one (1) year following the Effective Date, (i) the Executive terminates his employment with the Company (other than as a result of a Constructive Discharge (as defined below)) or (ii) the Executive is terminated by the Company for Cause (as defined
below), the Executive shall be required to repay the Relocation Expense to the Company upon such termination. 
 7. TERMINATION. The
term of Executive’s employment under this Agreement may be terminated prior to expiration of the Term provided in Section 2 hereof only in accordance with the following sections. 
  

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 (a) For Cause. This Agreement may be immediately terminated by the Company for Cause. For purposes
of this Agreement, the term “Cause” shall include, without limitation, the termination of Executive by the Company as a result of the existence or occurrence of one or more of the following conditions or events: 
 (i) the failure of Executive to comply with any reasonable, lawful policy, directive or instruction of the Board or Chief Executive
Officer, which such failure is not cured within ten (10) days after written notice thereof to Executive; 
 (ii)
Executive’s willful misconduct in connection with the performance of his duties as an employee or officer of the Company; 
 (iii) indictment or conviction of Executive of any act of fraud or material misrepresentation or a material act of misappropriation in connection with his duties as an employee or officer of the Company; 
 (iv) indictment or conviction of Executive of any crime which constitutes a felony; or 
 (v) the entry of a judgment or order enjoining or preventing Executive from such activities as are material or essential for Executive to
perform his services as required by this Agreement. 
 (b) Mutual. Executive’s employment under this Agreement may be terminated
upon mutual written agreement of the Company and Executive. 
 (c) Without Cause. The Company and the Executive shall have the right
to terminate this Agreement and the Executive’s employment with the Company at any time without Cause. 
 (d) Death. In the event
of the death of Executive, the employment of Executive shall terminate immediately. 
 (e) Disability. If, during Executive’s
employment with the Company, Executive shall become permanently disabled and unable to perform his duties as required herein (“Disability”) for a total of one hundred eighty (180) days in any twelve (12) month period then the
Company may, upon thirty (30) days written notice to Executive, terminate Executive’s employment under this Agreement. 
 (f)
Constructive Discharge. Executive may terminate this Agreement in the event of Constructive Discharge by providing written notice to the Company within three months after the occurrence of such event, specifying the event relied upon for a
Constructive Discharge; provided that such event is not cured within ten (10) days after written notice thereof to the Company. “Constructive Discharge” shall mean any (i) material change by the Company of Executive’s
position, functions, or duties to an inferior position, functions, or duties from those in effect on the Effective Date, (ii) assignment, reassignment, or relocation by the Company of Executive, without Executive’s consent, to another
place of employment more than 25 miles from the current principal place of business of the Company; or (iii) reduction in Executive’s Base Compensation or the maximum potential amount of the Annual Bonus Compensation. 
  

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 (g) Termination by Executive without a Constructive Discharge. Executive agrees to provide the
Company with at least sixty (60) days prior written notice prior to terminating his employment with the Company without a Constructive Discharge. 
 8. SEVERANCE. In the event of the termination of Executive’s employment under this Agreement for any reason, the Company shall provide the payments and benefits to Executive as indicated below: 

(a) With Cause or Voluntary Termination by Executive. If Executive is terminated for Cause (as defined in Section 8(a) of this Agreement),
or if Executive voluntarily terminates his employment with the Company without a Constructive Discharge, the Company shall be obligated only to continue to pay to Executive his Base Compensation, if any, earned up to the date of termination and
shall reimburse Executive for any expenses to which Executive is due reimbursement by the Company under Section 7 hereof up until the date of termination. 
 (b) Without Cause, Constructive Discharge or Death or Disability. In the event that the Company shall terminate Executive without Cause, the Executive shall terminate this Agreement as a result of a
Constructive Discharge or upon the death or Disability of Executive, the Company shall be obligated to continue to pay full Base Compensation to Executive and provide employee benefits to Executive, on the same basis as existed at the time of such
termination, death or Disability, including payment of COBRA premiums if necessary to continue said benefits for a period of nine (9) months after the date of termination as if Executive had not been so terminated. 
 9. NONCOMPETITION; NONSOLICITATION. Executive agrees, to the extent and on the terms set forth below, not to utilize his special knowledge of the
business of the Company and his relationships with customers and suppliers of the Company or others to compete with the Company. For a period beginning on the date hereof and ending one (1) year from the date on which the Executive ceases to be
employed by the Company (the “Non-Compete Period”), the Executive shall not, except as an employee or agent of the Company, engage or have an interest, anywhere in the United States of America or any other geographic area where the Company
did business as of the date hereof or at any time during the Executive’s employment by the Company or in which its products or services are or were marketed or sold, alone or in association with others, as principal, agent, partner,
stockholder, or through the investment of capital, lending of money or property, rendering of services or otherwise, in any business involved in the provision of medical products or services to the workers’ compensation industry which is
competitive with the Company. During the Non-Compete Period, the Executive shall not, except as an employee or agent of the Company, directly or indirectly, on behalf of himself or any other person or entity, (a) call upon, accept business from, or
solicit the business of any person or entity who is, or who had been at any time during the preceding two years or at any time during the Executive’s employment by the Company, a customer of the Company or any successor to the business of the
Company (each a “Customer”), or otherwise divert or attempt to divert any business from the Company or any successor or otherwise induce, request, advise or persuade any Customer to cease to do business with or reduce the amount of
business which such Customer has customarily done or is reasonably expected to do with the Company or any successor; 

  

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or (b) recruit or otherwise solicit or induce any person who is an employee of, or otherwise engaged by, the Company, or hire any such person until one
(1) year after such person has left the employ of the Company, or any such successor or any person with whom such person was placed for employment or engagement during the preceding one year. The Executive shall not at any time, directly or
indirectly, except as an employee or agent of the Company, use or purport to authorize any person or entity to use any name, mark, logo, trade dress or other identifying words or images which are the same as or similar to those used currently or in
the past by the Company in connection with any product or service, whether or not such use would be in a business competitive with that of the Company. 
 10. CONFIDENTIALITY. The Executive acknowledges that the intellectual property and all other confidential or proprietary information with respect to the Company’s engagement in the business of distributing
medical supplies, pharmaceuticals, medical equipment and services to the workers’ compensation industry throughout the United States of America (the “Business”) are valuable, special and unique. The Executive shall not, at any time
after the date hereof, except as an employee or agent of the Company, or except as required by applicable law, disclose, directly or indirectly, to any person or entity, or use or purport to authorize any person or entity to use any confidential or
proprietary information with respect to the Company or the Business, whether or not for his own benefit, without the prior written consent of the Company, including without limitation, information as to the financial condition, results of
operations, strategic partners, job applicants, job candidates, persons placed for employment or engagement, customers, suppliers, products, products under development, services, inventions, sources, leads or methods of obtaining new products or
business, intellectual property, pricing methods or formulas, cost of supplies, marketing strategies or any other information relating to the Company or the Business which could reasonably be regarded as confidential, but not including information
which is or shall become generally available to the public other than as a result of an unauthorized disclosure by the Executive or a person or entity to whom the Executive has provided such information. The Executive acknowledges that Company would
not enter into this Employment Agreement without the assurance that all such confidential and/or proprietary information will be used for the exclusive benefit of the Company. 
 11. NONDISPARAGEMENT. The Executive shall not (and shall cause his representatives and agents or any entity or business directly or indirectly
controlled by him to not) commit any act or omission that would tend to disparage or adversely affect the reputation of the Company or any present or future subsidiaries, parents or affiliates of the Company or any of its principals, officers,
directors, shareholders, members, employees, businesses or operations. Without in any way limiting the generality of the foregoing, the Executive shall not (and shall cause his representatives and agents or any entity or business directly or
indirectly controlled by him to not) make any disparaging or unfavorable statements to any third party, either orally or in writing, regarding the Company or any present or future subsidiaries, parents or affiliates of the Company or any of its
respective principals, officers, directors, shareholders, members, employees, businesses or operations. 
 12. ENFORCEABILITY OF
RESTRICTIVE COVENANTS. The restrictions set forth in this Agreement are considered by the parties hereto to be reasonable for the purposes of protecting the value of the business and goodwill of the Company and the Business. 

  

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The parties acknowledge that the Company would be irreparably harmed and that monetary damages would not provide an adequate remedy to the Company in the
event the covenants contained in this Agreement were not complied with in accordance with their terms. Accordingly, the Executive agrees that any breach or threatened breach by him of any provision of this Agreement shall entitle the Company to
injunctive and other equitable relief to secure the enforcement of these provisions, in addition to any other remedies which may be available to them, and that they shall be entitled to receive from the Executive reimbursement for all
attorneys’ fees and expenses incurred by the Company in enforcing these provisions. In addition to its other rights and remedies, the Company shall have the right to require the Executive, if he breaches any of the covenants contained in this
Agreement to account for and pay over to the Company all compensation, profits, money, accruals and other benefits derived or received, directly or indirectly, by such party from the action constituting such breach. If the Executive breaches the
restrictive covenants set forth in this Agreement, the running of the time periods described therein shall be tolled for so long as such breach continues. It is the desire and intent of the parties that the provisions of this Agreement be enforced
to the fullest extent permissible under the laws and public policies of each jurisdiction in which enforcement is sought. If any provisions of this Agreement relating to the time period, scope of activities or geographic area of restrictions is
declared by a court of competent jurisdiction to exceed the maximum permissible time period, such time period, scope of activities and/or geographic area, as the case may be, shall be reduced to the maximum that such court deems enforceable. If any
provisions of this Agreement other than those described in the preceding sentence are adjudicated to be invalid or unenforceable, the invalid or unenforceable provisions shall be deemed amended (with respect only to the jurisdiction in which such
adjudication is made) in such manner as to render them enforceable and to effectuate as nearly as possible the original intentions and agreement of the parties. 
 13. NOTICES. Any notice required or permitted to be given under this Agreement shall be sufficient if in writing and shall be effective when received if sent, postage-prepaid, by certified or registered mail,
return receipt requested, or by overnight delivery service against receipt, to the addresses below or to such other address as either party shall designate by written notice to the other: 
 If to Executive, to the address set forth below his name on the signature page hereto. 
 If to the Company: 
 MSC-Medical Services
Company 
 c/o Monitor Clipper Partners, LLC 
 Two Canal Park 
 Cambridge, MA 02141 
 Attn: Peter S. Laino 
 with a copy to:

 Akerman Senterfitt 
 50 N.
Laura Street, Suite 2500 
 Jacksonville, FL 32202 
 Attn: Peter O. Larsen, Esq. 
  

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 14. ENTIRE AGREEMENT; MODIFICATION. 
 (a) This Agreement contains the entire agreement of the Company and Executive, and the Company and Executive hereby acknowledge and agree that this
Agreement supersedes any prior statements, writings, promises, understandings or commitments between the parties hereof ,including, without limitation, the Original Agreement. 
 (b) No future oral statements, promises or commitments with respect to the subject matter hereof, or other purported modification hereof, shall be
binding upon the parties hereto unless the same is reduced to writing and signed by each party hereto. 
 15. ASSIGNMENT. The rights
and obligations of the parties under this Agreement shall inure to the benefit of and shall be binding upon, and enforceable by, the successors and permitted assigns of the parties. Notwithstanding anything contained herein to the contrary, the
Company shall have the right to assign this Agreement to any of its subsidiaries, direct or indirect parents or other affiliates. Except as otherwise set forth in this Agreement, neither party may assign his or its rights or obligations under this
Agreement without the prior written consent of the other party. 
 16. GOVERNING LAW; VENUE; INDEPENDENT REPRESENTATION. This
Agreement shall be governed by and construed in accordance with the domestic laws of the State of Florida without giving effect to any choice or conflict of law provision or rule (whether of the State of Florida or any other jurisdiction) that would
cause the application of the laws of any jurisdiction other than the State of Florida. The parties agree that any and all actions arising under or in respect of this Agreement shall be litigated in any federal or state court of competent
jurisdiction located in the County of Duval, State of Florida. By execution and delivery of this Agreement, each party irrevocably submits to the personal and exclusive jurisdiction of such courts for itself or himself, and in respect of its or his
property with respect to such action. Each party agrees that venue would be proper in any of such courts, and hereby waives any objection that any such court is an improper or inconvenient forum for the resolution of any such action. Executive
acknowledges and agrees that he has had the opportunity to seek his own independent legal counsel to represent Executive’s interest in connection with the transactions contemplated by this Agreement. 
 17. DISPUTE RESOLUTION. The parties shall use good faith negotiation to resolve any dispute, claim or controversy that arise under or relate to
this Agreement or to a breach of this Agreement. In the event that the parties are not able to resolve any dispute, claim or controversy by negotiation, the parties agree to submit any such dispute, claim or controversy to non-binding arbitration
which shall be conducted in Jacksonville, Florida, in accordance with the Commercial Arbitration Rules of the American Arbitration Association to the extent such rules do not conflict with the terms hereof. In the event that the parties are not able
to resolve any dispute, claim or controversy by arbitration, each party shall be entitled to resort to all other remedies available at law or in equity in order to resolve such dispute, claim or controversy. 
  

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 18. MISCELLANEOUS. 
 (a) The section headings contained herein are for reference purposes only and shall not in any way affect the meaning or the interpretation of this Agreement. 
 (b) The failure of any party to enforce any provision of this Agreement shall in no manner affect the right to enforce the same, and the waiver by any
party of any breach of any provision of this Agreement shall not be construed to be a waiver by such party of any succeeding breach of such provision or a waiver by such party of any breach of any other provision. 
 (c) Except as otherwise provided herein, in the event any one or more of the provisions of this Agreement shall for any reason be held invalid, illegal
or unenforceable, the remaining provisions of this Agreement shall be unimpaired, and the invalid, illegal or unenforceable provision shall be replaced by a mutually acceptable valid, and enforceable provision which comes closest to the intent of
the parties. 
 (d) The prevailing party in any litigation brought to enforce the provisions of this Agreement shall be entitled to
reimbursement from the nonprevailing party for reasonable attorney’s fees and costs incurred in connection with such litigation. 
 (e)
This Agreement may be executed in any number of counterparts, each of which shall constitute an original and all of which together shall constitute one and the same instrument. 
 [Signatures Appear on Following Page] 
  

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

  

			
	 MSC-MEDICAL SERVICES COMPANY,
 a
Florida corporation

		
	By:	 	 /s/ Joseph P. Delaney

	Name:	 	Joseph P. Delaney
	Title:	 	Chief Executive Officer
	
	EXECUTIVE:
	
	 /s/ Gary Jensen

	Gary Jensen

  

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