Document:

Exhibit 10.2

 

COVANCE INC.

 

RESTRICTED STOCK AGREEMENT

(Performance Share)

 

201  Employee Equity Participation Plan

(201  Award)

 

                RESTRICTED STOCK AGREEMENT dated as of                   , 201  (the “Agreement”) between COVANCE INC., a Delaware corporation (“Company”), located at 210 Carnegie Center, Princeton, New Jersey 08540, and                           (the “Employee”).

 

W  I  T  N  E  S  S  E  T  H:

 

                A.            WHEREAS, the Employee is currently employed by the Company, or a corporation which is a “subsidiary corporation” within the meaning of Section 424(f) of the Internal Revenue Code of 1986, as amended, modified or supplemented from time to time (“Code”) or which is an entity in which the Company holds beneficially at least fifty percent (50%) of the ownership interest (each, a “Subsidiary Company”), in an important executive, managerial or technical capacity.

 

                B.            WHEREAS, the Company desires to have the Employee remain in the employment of the Company or a Subsidiary Company and to afford the Employee the opportunity to acquire, or enlarge the Employee’s, stock ownership in the Company so that the Employee may have a direct proprietary interest in the Company’s success.

 

                NOW, THEREFORE, in consideration of the premises, the mutual covenants and agreements set forth below, and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereby agree as follows:

 

                1.  Grant of Shares.  Subject to the terms and conditions of the Employee Equity Participation Plan (as amended, modified or supplemented from time to time the “Plan”) and this Agreement, the Company hereby grants (“Grant”) to the Employee, as of the date of this Agreement (“Grant Date”)         shares (the “Initial Shares”) of Common Stock, par value $.01 per share (the “Common Stock”), of the Company; provided, however, that one half of the Initial Shares may be increased or decreased depending on the Company’s compounded annual revenue growth (“CAGR”) and one half may be increased or decreased based on the Company’s return on capital (“ROC”) in the three-year period commencing January 1, 201   (the “Performance Period”), all as more fully specified on Exhibit A  hereto (such Initial Shares, after giving effect to any such decrease or increase, being the “Adjusted Shares”).  The CAGR and ROC for the Performance Period shall be certified by the Company’s Compensation and Organization Committee; provided, that with respect to the targets and determinations of CAGR and ROC such Committee may include or exclude, on a basis consistent with circumstances existing when such goals were established, the financial effect on CAGR and ROC for any such year arising from any acquisition of the stock or assets of any other person or entity, the divestiture of all or any of the Company’s businesses, operations or facilities, special items or charges, asset impairments, strategic expenditures by the Company identified to the Board of Directors as such, force majeure events, changes in GAAP or tax law, or any other unexpected or unforeseen extraordinary event or occurrence during the year or years in question.

 

 

                2.  Vesting of Restricted Shares; Rights.  (a) The Shares shall vest on                , 201   [three years]; provided, however, that in the event the Compensation and Organization Committee shall have not yet certified the CAGR and ROC for the Performance Period, the Shares shall vest on the date of such certification.

 

                (b)  Subject to the terms and conditions of this Agreement, Employee shall have all rights relating to the Initial Shares, subject to appropriate withholding to satisfy applicable tax requirements.

 

                3.  Termination.  (a)  The Grant with respect to any unvested Shares shall be forfeited and be of no further force or effect upon the termination of the Employee’s employment, for any reason, with the Company, except in the case of his or her death, disability (as defined in section 22(e)(3) of the Code) or his or her retirement with the consent of the Company, in which case all unvested Shares shall thereupon immediately vest.

 

                (b)  If the Employee shall be transferred from the Company to a Subsidiary Company, or from a Subsidiary Company to the Company, or from a Subsidiary Company to a Subsidiary Company, his or her employment shall not be deemed to be terminated by reason of such transfer.  The unvested portion of the Shares shall terminate immediately if, while the Employee is employed by a Subsidiary Company, such Subsidiary Company shall cease to be a Subsidiary Company and the Employee is not thereupon transferred to and employed by the Company or another Subsidiary Company.

 

                4.  Construction.  Whenever the word “Employee” is used in any provision of this Agreement in circumstances where the provision should logically be construed to apply to the estate, personal representative, or beneficiary to whom this Grant may be transferred by Will, by the laws of descent and distribution, or by a qualified domestic relations order pursuant to the Code or Title I of the Employment Retirement Income Security Act of 1974, as amended, modified or supplemented from time to time (“ERISA”), it shall be deemed to include such person.

 

                5.  Registration of Shares; Restrictions on Transfer.  (a)  The number of shares granted shall be registered in the name of the Employee, but the Employee shall not be entitled to receive the Shares until the Shares have vested.  Until the Shares have vested and the Employee has received the Shares, the Employee may not give, grant, sell, exchange, transfer legal title, pledge, assign or otherwise encumber or dispose of any unvested Shares granted pursuant to the Plan or any interest therein or this Agreement, otherwise than by Will, the laws of descent and distribution, or by a qualified domestic relations order pursuant to the Code or Title I of ERISA.

 

                (b)  No assignment or transfer of any unvested Shares, or of the rights represented thereby or this Agreement, whether voluntary or involuntary, by operation of law or otherwise (except by Will, the laws of descent and distribution, or a qualified domestic relations order pursuant to the Code or Title I of ERISA), shall vest in the assignee or transferee any interest or right herein whatsoever.  Further, immediately upon any attempt to assign or transfer any unvested Shares granted pursuant to this Agreement, the Grant shall immediately terminate and be of no further force or effect (except by Will, the laws of descent and distribution, or a qualified domestic relations order pursuant to the Code or Title I or ERISA).

 

                6.  Powers.  The existence of this Grant shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalization, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stocks ahead of or affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company, or any sale or 

 

 

transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

 

                7.  Change-of-Control.  Except as set forth in Paragraph 3 hereof, notwithstanding anything in this Agreement to the contrary, all Shares which have not vested as of the date a Change-of-Control (as defined below) occurs, shall immediately vest upon the Employee’s involuntary termination by the Company for reasons other than cause (as defined in the Plan) or upon a constructive termination (as defined in the Plan), in each case within two years of such Change-of-Control and be delivered to the Employee pursuant to the delivery provisions of this Agreement.  For purposes of this Agreement, a Change-of-Control shall be defined as:

 

(1)                                 any person (including as such term is used in Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended) becomes the beneficial owner, directly or indirectly, of securities representing 30% or more of the combined voting power of the Company’s then outstanding securities; or

 

(2)                                 within any period of 24 consecutive months, persons who were members of the Company’s Board of Directors immediately prior to such 24-month period, together with persons who were first elected as directors (other than as a result of any settlement of a proxy or consent solicitation contest or any action taken to avoid such a contest) during such 24-month period by or upon the recommendation of persons who were members of the Company’s Board of Directors immediately prior to such 24-month period and who constituted a majority of the Company’s Board of Directors at the time of such election, cease to constitute a majority of the Company’s Board of Directors; or

 

(3)                                 upon the consummation of a merger, or consolidation (where in each case the Company is not the survivor thereof), or sale or disposition of all or substantially all of the Company’s assets or a plan or partial or complete liquidation; or

 

(4)                                 when an offerer (other than the Company) purchases shares of the Company’s Common Stock pursuant to a tender or exchange offer for securities representing 30% or more of the combined voting power of the Company’s then outstanding securities.

 

                8.  Issuance of Shares; Power of Attorney.  (a)  In the event that the actual number of shares of Common Stock earned by Employee, as provided in Paragraph 1 of this Agreement, are less than the number of Initial Shares, the Company shall be authorized to cancel such shares evidencing the Initial Shares and reissue to the Company on behalf of and in the name of the Employee the number of shares of Common Stock earned in accordance with Paragraph 1 of the Agreement.  In the event that the actual number of shares of Common Stock earned by the Employee pursuant to Paragraph 1 of this Agreement is greater than the Initial Shares, then the Company shall instruct the Transfer Agent to issue on behalf of the Employee shares evidencing such additional shares of Common Stock.  The unvested Shares shall be retained by the Company and shall bear a legend stating that such Shares are subject to the provisions of this Agreement.  The Company may place a “stop transfer” order with respect to all unvested Shares with its transfer agent.

 

                (b)  Within thirty (30) days of each vesting date as set forth in Paragraph 2 hereof, after giving effect to any adjustments to the Initial Shares required as provided in Paragraphs 1 and 8(a) of this Agreement, the Company shall issue to the Employee, the Shares vested during the plan year.

 

 

                (c)  The Company shall have the right to deduct from any vested shares a number of shares sufficient to cover the withholding of any federal, state or local or other governmental taxes or charges required by law or such greater amount of withholding as permitted by applicable law, rules or regulations, or to take such other action as may be necessary to satisfy any such withholding obligations.

 

                (d)  The Employee hereby constitutes and appoints the Company as his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution for him or her in his or her name, place and stead, in any and all capacities to take all actions and to execute all instruments necessary and proper to carry out the issuance and cancellation of the Shares hereunder.

 

                (e)  The Employee represents and warrants that he or she will take all actions necessary, as directed by the Company, to cancel the shares and share certificates representing any or all unvested Shares upon termination of his or her employment.

 

                9.  Changes in Law.  Notwithstanding anything in this Agreement to the contrary, if at any time any law or regulations of any governmental authority having jurisdiction in the premises shall require either the Company or the Employee to take any action in connection with the Shares then to be issued, the issue of such Shares shall be deferred until such action shall have been taken.

 

                10.  Dispute.  Any dispute or disagreement which shall arise under, as a result of, or pursuant to, this Agreement shall be finally determined by the Company’s Compensation and Organization Committee of the Board of Directors in its absolute and uncontrolled discretion, and any such determination or any other determination by the Company’s Compensation and Organization Committee of the Board of Directors under or pursuant to this Agreement, and any interpretation by the Company’s Compensation and Organization Committee of the Board of Directors of the terms of this Agreement, shall be final, binding and conclusive on all persons affected thereby.

 

                11.  Securities Law Restrictions. The Employee represents and warrants that he or she is acquiring the Shares for investment, for his or her own account and not with a view to the distribution thereof, and that the Employee has no present intention of disposing of the Shares or any interest therein or sharing ownership thereof with any other person or entity.  The Employee shall not sell, hypothecate or transfer the Shares except pursuant to an effective registration statement under the Securities Act of 1933, as amended, or an applicable exemption thereto evidenced by an opinion of counsel in form and substance satisfactory to the Company.

 

                12.  No Effect Upon Employment.   This Agreement does not give, nor shall it be construed as giving, the Employee any right to employment by the Company or any of its subsidiaries or affiliates.

 

13.  Data Authorization.  The Employee acknowledges and consents to the collection, use, processing and transfer of personal data as described in this paragraph.  The Company, its subsidiaries and the Employee’s employer hold certain personal information about the Employee, including the Employee’s name, home address and telephone number, date of birth, social security number or other employee identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all options or any other entitlement to shares of stock awarded, canceled, purchased, vested, unvested or outstanding in the Employee’s favor, for the purpose of managing and administering the Plan (“Data”).  The Company and/or its subsidiaries will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of the Employee’s participation in the Plan, and the Company and/or any of its subsidiaries may each further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan.  These recipients may be located in the European Economic Area, the United States, or elsewhere.  

 

 

The Employee authorizes them to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Employee’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of stock on the Employee’s behalf to a broker or other third party with whom the Employee may elect to deposit any shares of stock acquired pursuant to the Plan.  The Employee may, at any time, review Data, require any necessary amendments to it or withdraw the consents herein in writing by contacting the Company; however, withdrawing consent may affect the Employee’s ability to participate in the Plan.

 

                14.  Governing Law; Binding Effect.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW JERSEY (WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS THEREOF) AND ALL QUESTIONS CONCERNING THE VALIDITY AND CONSTRUCTION THEREOF SHALL BE GOVERNED IN ACCORDANCE WITH THE LAWS OF SAID STATE; PROVIDED, HOWEVER, THAT ALL MATTERS OF CORPORATE GOVERNANCE AND OTHER CORPORATE MATTERS CONCERNING DELAWARE CORPORATIONS SHALL BE GOVERNED BY THE DELAWARE GENERAL CORPORATION LAW. Except as otherwise expressly provided herein, this Agreement shall be binding upon and inure to the benefit of the parties hereto, their legal representatives, successors and assigns.

 

                15.          Effect on Compensation and Discretionary Nature of Grant.  Notwithstanding anything in this Agreement to the contrary, none of the Shares, if any, granted or paid to Employee shall be considered compensation for the purpose of determining Employee’s compensation under any other benefit or compensation plan of the Company, including, without limitation, any bonus plan, variable compensation plan, long-term incentive plan, pension plan or other retirement plans.  The Employee acknowledges and agrees that the Plan is discretionary in nature and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time.  The grant of restricted stock under the Plan is a one-time benefit and does not create any contractual or other right to receive a restricted grant of stock or benefits in lieu of restricted stock in the future.  Future grants of restricted stock, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of shares of restricted stock and the vesting provisions.

 

                16.          Section 83(b) Election.  If Employee makes an election with respect to the receipt of the Shares pursuant to Section 83(b) of the Code (the “Election”), such Election shall contain all information required by Treasury Regulation Section 1.83-2 and shall, in accordance with that regulation, be filed no later than 30 days after the transfer of the Shares to the Employee.  The Election shall be filed with the Internal Revenue Service Center at which the Employee files his or her income tax return.  Contemporaneously with such filing, the Employee shall furnish a copy of the Election to the Company, in accordance with Treasury Regulation Section 1.83-2(d).

 

                17.          Plan Document.  This Agreement is subject in all respects to the Plan, a copy of which may be obtained from the Company’s Corporate Vice President, Human Resources, 210 Carnegie Center, Princeton, New Jersey  08540.  To the extent that there is any inconsistency or conflict between this Agreement and the Plan, the Plan shall control.

 

 

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

 

	
 
    	
 
    
	
 
    	
COVANCE   INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
Signature
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
EMPLOYEE
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
Signature
    

 

 

Exhibit A

 

201  -201   Performance Share Matrix

 

	
 
    	
 
    	
Threshold
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Target
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Maximum
    	
 
    
	
 
    	
 
    	
Target %
   -       bps
    	
 
    	
Target %
   -      bps
    	
 
    	
Target %
   -       bps
    	
 
    	
Target %
    	
 
    	
Target %
   +       bps
    	
 
    	
Target %
   +      bps
    	
 
    	
Target %
   +       bps
    	
 
    
	
Absolute 3 Year Revenue CAGR
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    
	
% of Target Shares Earned
    	
 
    	
0%
    	
 
    	
50%
    	
 
    	
75%
    	
 
    	
100%
    	
 
    	
125%
    	
 
    	
150%
    	
 
    	
200%
    	
 
    
	
 
    	
 
    	
Interpolate results if performance is between two columns.
    
	
1 basis point variance to target results in:
    	
 
    	
    % change in shares earned
    	
 
    	
    % change in shares earned
    	
 
    	
    % change in shares earned
    	
 
    
																		

 

	
 
    	
 
    	
Threshold
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Target
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Maximum
    	
 
    
	
 
    	
 
    	
Target %
   -       bps
    	
 
    	
Target %
   -      bps
    	
 
    	
Target %
   -       bps
    	
 
    	
Target %
    	
 
    	
Target %
   +       bps
    	
 
    	
Target %
   +       bps
    	
 
    	
Target %
   +       bps
    	
 
    
	
Absolute 3 Year Return on Capital
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    	
    %
    	
 
    
	
% of Target Shares Earned
    	
 
    	
0%
    	
 
    	
50%
    	
 
    	
75%
    	
 
    	
100%
    	
 
    	
125%
    	
 
    	
150%
    	
 
    	
200%
    	
 
    
	
 
    	
 
    	
Interpolate results if performance is between two columns.
    
	
1 basis point variance to target results in:
    	
 
    	
    % change in shares earned
    	
 
    	
    % change in shares earned
    	
 
    	
    % change in shares earnedExhibit 10(c)

 

AMENDMENT NO. 2

 

AMENDMENT NO. 2, dated as of January 23, 2014 (this “Amendment”), by and among Tenet Healthcare Corporation, a Nevada corporation (the “Borrower”), Citicorp USA, Inc., as Administrative Agent (in such capacity, the “Administrative Agent”) under the Credit Agreement (as defined below), the Loan Parties and the Lenders party hereto.

 

PRELIMINARY STATEMENTS:

 

WHEREAS, reference is hereby made to the Amended and Restated Credit Agreement, dated as of October 19, 2010 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Administrative Agent and each Lender and Issuer from time to time party thereto (capitalized terms used but not defined herein having the meaning provided in the Credit Agreement);

 

WHEREAS, pursuant to Section 11.1 of the Credit Agreement, the Borrower has requested that the Administrative Agent and the Requisite Lenders consent to the amendment to the Credit Agreement set forth herein;

 

WHEREAS, each Lender party hereto has agreed to consent to the amendment set forth herein, in each case, on the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows:

 

1.                                      Amendment to the Credit Agreement.  Effective as of the Amendment Effective Date (as defined below) and subject to the satisfaction of the terms and conditions set forth herein, the definition of “Excluded Subsidiary” is hereby amended and restated in its entirety to read as follows:

 

“Excluded Subsidiary” means, (a) each Subsidiary of the Borrower designated from time to time by the Borrower as such, unless the Borrower shall have subsequently revoked such designation by written notice of such revocation to the Administrative Agent and such Subsidiary shall have complied with the requirements of Section 7.10(a) (Additional Collateral and Guaranties); provided, however, that (i) the aggregate total assets of all Excluded Subsidiaries on the last day of the most recent fiscal period for which financial statements have been delivered pursuant to Section 6.1 (Financial Statements) shall be less than 30% of the Consolidated total assets of the Borrower and its Subsidiaries as of such date and (ii) the aggregate gross revenues of all such Subsidiaries for any Fiscal Quarter shall be less than 30% of the Consolidated gross revenues of the Borrower and its Subsidiaries for such Fiscal Quarter, in each case determined in accordance with GAAP, (b) any Subsidiary of the Borrower of which less than 60% of the outstanding Voting Stock is, at the time, directly or indirectly, owned or controlled by the Borrower or one or more Guarantors and (c) as of the Effective Date, each of the Subsidiaries of the Borrower listed on Schedule 1.1(a) (“Excluded Subsidiaries”).

 

2.                                      Conditions to Effectiveness.  This Amendment shall become effective on the date when each of the following conditions precedent have first been satisfied (the “Amendment Effective Date”):

 

 

(a)                                 this Amendment shall have been executed and delivered by the Borrower, the Loan Parties, the Requisite Lenders and the Administrative Agent;

 

(b)                                 there shall have been paid to the Administrative Agent, for the account of itself and the Lenders, as applicable, all fees and expenses (including, to the extent invoiced, the reasonable fees and expenses of Weil, Gotshal & Manges LLP) due and payable on or before the Amendment Effective Date;

 

(c)                                  each of the representations set forth in Section 3 hereof shall be true and correct as of the Amendment Effective Date; and

 

(d)                                 no Default or Event of Default shall have occurred and be continuing as of the Amendment Effective Date.

 

3.                                      Representations and Warranties.  By its execution of this Amendment, the Borrower hereby certifies that:

 

(a)                                 (i) each Loan Party has taken all necessary action to authorize the execution, delivery and performance of this Amendment, (ii) this Amendment has been duly executed and delivered by each Loan Party, (iii) this Amendment is the legal, valid and binding obligation of the each Loan Party, enforceable against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles and (iv) such execution, delivery and performance will not (A) contravene or violate any Loan Party’s Constituent Documents, (B) violate any other Requirement of Law applicable to any Loan Party or any order or decree of any Governmental Authority or arbitrator applicable to the Borrower or (C) conflict with or result in the breach of, or constitute a default under, or result in or permit the termination or acceleration of, any Related Document or any other material Contractual Obligation of any Loan Party;

 

(b)                                 each of the representations and warranties made by any Loan Party in the Credit Agreement, as amended hereby, and the other Loan Documents to which it respectively is a party or by which it is bound, is true and correct in all material respects on and as of the Amendment Effective Date (other than representations and warranties in any such Loan Document which expressly speak as of a specific date, which shall have been true and correct in all material respects as of such specific date); and

 

(c)                                  no Default or Event of Default has occurred and is continuing.

 

4.                                      Acknowledgments; Liens Unimpaired.  Each Loan Party hereby acknowledges that it has read this Amendment and consents to the terms hereof, and further hereby affirms, confirms, represents, warrants and agrees that (a) notwithstanding the effectiveness of this Amendment, the obligations of such Loan Party under each of the Loan Documents to which it is a party shall not be impaired and each of the Loan Documents to which such Loan Party is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects; (b) after giving effect to this Amendment, (i) the execution, delivery, performance or effectiveness of this Amendment shall not impair the validity, effectiveness or priority of the Liens granted pursuant to the Loan Documents and such Liens shall continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred and (ii) in the case of any Guarantor, its Guaranty, as and to the extent provided in the Loan Documents, shall

 

2

 

continue in full force and effect in respect of the Obligations under the Credit Agreement and the other Loan Documents; (c) the execution, delivery, performance or effectiveness of this Amendment does not require that any new filings be made or other action taken to perfect or maintain the perfection of such Liens; and (d) the position of the Lenders with respect to such Liens, the Collateral (as defined in the applicable Loan Documents) in which a security interest was granted pursuant to the Loan Documents, and the ability of the Collateral Agent to realize upon such Liens pursuant to the terms of the Loan Documents have not been adversely affected in any material respect by the execution, delivery, performance or effectiveness of this Amendment.

 

5.                                      Amendment, Modification and Waiver.  This Amendment may not be amended, modified or waived except in accordance with Section 11.1 of the Credit Agreement.

 

6.                                      Entire Agreement.  This Amendment, the Credit Agreement and the other Loan Documents constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties hereto with respect to the subject matter hereof.  Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of any party under, the Credit Agreement or other Loan Documents, nor alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or other Loan Documents, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  It is understood and agreed that each reference in each Loan Document to the Credit Agreement, whether direct or indirect, shall hereafter be deemed to be a reference to the Credit Agreement as amended hereby and that this Amendment is a Loan Document.

 

7.                                      GOVERNING LAW AND SUBMISSION TO JURISDICTION.  SECTIONS 11.11 AND 11.12 OF THE CREDIT AGREEMENT ARE HEREBY INCORPORATED BY REFERENCE INTO THIS AMENDMENT AND SHALL APPLY HERETO MUTATIS MUTANDIS.

 

8.                                      Waiver of Jury Trial.  Section 11.13 of the Credit Agreement is hereby incorporated by reference into this Amendment and shall apply hereto mutatis mutandis.

 

9.                                      Counterparts.  Section 11.16 of the Credit Agreement is hereby incorporated by reference into this Amendment and shall apply hereto mutatis mutandis.

 

10.                               Entire Agreement.  Section 11.17 of the Credit Agreement is hereby incorporated by reference into this Amendment and shall apply hereto mutatis mutandis.

 

[SIGNATURE PAGES FOLLOW]

 

3

 

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Amendment as of the date first written above.

 

	
 
    	
CITICORP USA, INC.
    
	
 
    	
as the Administrative Agent
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Justin McMahan
    
	
 
    	
 
    	
Name: Justin McMahan
    
	
 
    	
 
    	
Title: Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TENET HEALTHCARE CORPORATION,
    
	
 
    	
as the Borrower
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Tyler C. Murphy
    
	
 
    	
 
    	
Name: Tyler C. Murphy
    
	
 
    	
 
    	
Title: Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
AMISUB   (SFH), INC.
    
	
 
    	
AMISUB   OF NORTH CAROLINA, INC.
    
	
 
    	
AMISUB   OF SOUTH CAROLINA, INC.
    
	
 
    	
BROOKWOOD   HEALTH SERVICES, INC.
    
	
 
    	
COASTAL   CAROLINA MEDICAL CENTER, INC.
    
	
 
    	
DELRAY   MEDICAL CENTER, INC.
    
	
 
    	
DOCTORS   HOSPITAL OF MANTECA, INC.
    
	
 
    	
DOCTORS   MEDICAL CENTER OF MODESTO, INC.
    
	
 
    	
EAST   COOPER COMMUNITY HOSPITAL, INC.
    
	
 
    	
FOUNTAIN VALLEY REGIONAL   HOSPITAL AND MEDICAL CENTER
    
	
 
    	
FRYE   REGIONAL MEDICAL CENTER, INC.
    
	
 
    	
HOUSTON   SPECIALTY HOSPITAL, INC.
    
	
 
    	
JFK   MEMORIAL HOSPITAL, INC.
    
	
 
    	
LAKEWOOD   REGIONAL MEDICAL CENTER, INC.
    
	
 
    	
LIFEMARK   HOSPITALS OF FLORIDA, INC.
    
	
 
    	
LOS   ALAMITOS MEDICAL CENTER, INC.
    
	
 
    	
NORTH   FULTON MEDICAL CENTER, INC.
    
	
 
    	
PALM   BEACH GARDENS COMMUNITY HOSPITAL, INC.
    
	
 
    	
PLACENTIA-LINDA   HOSPITAL, INC.
    
	
 
    	
SIERRA   VISTA HOSPITAL, INC.
    
	
 
    	
TENET   GOOD SAMARITAN, INC.
    
	
 
    	
TENET   HEALTHSYSTEM BARTLETT, INC.
    
	
 
    	
TENET   HEALTHSYSTEM DESERT, INC.
    
	
 
    	
TENET   HEALTHSYSTEM DI, INC.
    
	
 
    	
TENET   HEALTHSYSTEM GB, INC.
    
	
 
    	
TENET   HEALTHSYSTEM HOSPITALS, INC.
    
	
 
    	
TENET   HEALTHSYSTEM NORTH SHORE, INC.
    
	
 
    	
TENET   HEALTHSYSTEM SGH, INC.
    
	
 
    	
TENET   HEALTHSYSTEM SL, INC.
    

 

[SIGNATURE PAGE TO AMENDMENT]

 

 

	
 
    	
TENET   HEALTHSYSTEM SPALDING, INC.
    
	
 
    	
TENET   HIALEAH HEALTHSYSTEM, INC.
    
	
 
    	
TENET   ST. MARY’S, INC.
    
	
 
    	
TWIN   CITIES COMMUNITY HOSPITAL, INC.
    
	
 
    	
WEST   BOCA MEDICAL CENTER, INC.
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Tyler C. Murphy
    
	
 
    	
 
    	
Name:   Tyler C. Murphy
    
	
 
    	
 
    	
Title:   Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CGH   HOSPITAL, LTD.
    
	
 
    	
By: Coral Gables Hospital, Inc., as General   Partner
    
	
 
    	
HILTON   HEAD HEALTH SYSTEM, L.P.
    
	
 
    	
By: Tenet Physician Services — Hilton   Head, Inc., as General Partner
    
	
 
    	
NEW   MEDICAL HORIZONS II, LTD.
    
	
 
    	
By: Cypress Fairbanks Medical Center Inc., as   General Partner
    
	
 
    	
TENET   FRISCO, LTD.
    
	
 
    	
By: Tenet Healthsystem Hospitals, Inc., as   General Partner
    
	
 
    	
TENET   HEALTHSYSTEM HAHNEMANN, L.L.C.
    
	
 
    	
By: Tenet HealthSystem Philadelphia, Inc., as   Sole Member
    
	
 
    	
TENET HEALTHSYSTEM ST. CHRISTOPHER’S HOSPITAL FOR   CHILDREN, L.L.C.
    
	
 
    	
By: Tenet HealthSystem Philadelphia, Inc., as   Sole Member
    
	
 
    	
TENET   HOSPITALS LIMITED
    
	
 
    	
By: Tenet Texas, Inc., as General Partner
    
	
 
    	
TH   HEALTHCARE, LTD.
    
	
 
    	
By: Lifemark Hospitals, Inc., as General   Partner
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Tyler C. Murphy
    
	
 
    	
 
    	
Name:   Tyler C. Murphy
    
	
 
    	
 
    	
Title:   Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
VHS SAN ANTONIO PARTNERS, LLC
    
	
 
    	
 
    
	
 
    	
By:  VHS Acquisition Subsidiary Number   5, Inc., its Managing Member, and VHS Holding Company, Inc.
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Tyler   C. Murphy
    
	
 
    	
 
    	
Name: Tyler C. Murphy
    
	
 
    	
 
    	
Title: Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HOSPITAL DEVELOPMENT OF WEST   PHOENIX, INC.
    
	
 
    	
VHS ACQUISITION CORPORATION
    
	
 
    	
VHS ACQUISITION SUBSIDIARY NUMBER   1, INC.
    
	
 
    	
VHS ACQUISITION SUBSIDIARY NUMBER   7, INC.
    
	
 
    	
VHS ACQUISITION SUBSIDIARY NUMBER   9, INC.
    
						

 

[SIGNATURE PAGE TO AMENDMENT]

 

 

	
 
    	
VHS CHILDREN’S HOSPITAL OF   MICHIGAN, INC.
    
	
 
    	
VHS DETROIT RECEIVING   HOSPITAL, INC.
    
	
 
    	
VHS HARPER-HUTZEL   HOSPITAL, INC.
    
	
 
    	
VHS HURON VALLEY-SINAI   HOSPITAL, INC.
    
	
 
    	
VHS OF ARROWHEAD, INC.
    
	
 
    	
VHS OF ILLINOIS, INC.
    
	
 
    	
VHS REHABILITATION INSTITUTE OF   MICHIGAN, INC.
    
	
 
    	
VHS SINAI-GRACE HOSPITAL, INC.
    
	
 
    	
VHS WEST SUBURBAN MEDICAL   CENTER, INC.
    
	
 
    	
VHS WESTLAKE HOSPITAL, INC.
    
	
 
    	
VHS OF PHOENIX, INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Tyler C. Murphy
    
	
 
    	
 
    	
Name: Tyler C. Murphy
    
	
 
    	
 
    	
Title: Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CITIBANK, N.A.,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Justin McMahan
    
	
 
    	
 
    	
Name: Justin McMahan
    
	
 
    	
 
    	
Title: Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
WELLS FARGO CAPITAL FINANCE LLC,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ David Klages
    
	
 
    	
 
    	
Name: David Klages
    
	
 
    	
 
    	
Title: Duly Authorized Signor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
Siemens Financial   Services, Inc.,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ John Finore
    
	
 
    	
 
    	
Name: John Finore
    
	
 
    	
 
    	
Title: Vice President
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Uri Sky
    
	
 
    	
 
    	
Name: Uri Sky
    
	
 
    	
 
    	
Title: Vice President
    

 

[SIGNATURE PAGE TO AMENDMENT]

 

 

	
 
    	
CIT HEALTHCARE LLC,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Barbara Perich
    
	
 
    	
 
    	
Name: Barbara Perich
    
	
 
    	
 
    	
Title: Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
Goldman Sachs Bank USA,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michelle Latzoni
    
	
 
    	
 
    	
Name: Michelle Latzoni
    
	
 
    	
 
    	
Title: Authorized Signatory
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ROYAL BANK OF CANADA,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Mustafa Topiwalla
    
	
 
    	
 
    	
Name: Mustafa Topiwalla
    
	
 
    	
 
    	
Title: Authorized Signatory
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
Bank of America, N.A.
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Laura Weiland
    
	
 
    	
 
    	
Name: Laura Weiland
    
	
 
    	
 
    	
Title: Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
COMPASS BANK,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Marla Cannon
    
	
 
    	
 
    	
Name: Marla Cannon
    
	
 
    	
 
    	
Title: Vice President
    

 

[SIGNATURE PAGE TO AMENDMENT]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}]]