Document:

Exhibit 10.14.2

 

FIRST AMENDMENT TO 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

This
First Amendment to Amended and Restated Employment Agreement (this “Amendment”) is effective as of June 2, 2016,
by and between Air Methods Corporation, a Delaware corporation (the “Company”) and Michael D. Allen (“Executive”).
Reference is made to that certain Amended and Restated Employment Agreement by and between the Company and Executive made as of
September 24, 2012 (the “Employment Agreement”). All capitalized terms not defined herein shall have
the meanings assigned to such terms in the Employment Agreement. The Company and Executive are referred to in this Amendment collectively
as the “Parties.”

 

WHEREAS, the Parties
desire to amend certain terms of the Employment Agreement as set forth below.

 

NOW, THEREFORE,
in consideration of the promises and mutual covenants and agreements herein contained and intending to be legally bound hereby,
the Parties hereby agree as follows:

 

1.          Amendment
to Section 1. Section 1 of the Employment Agreement shall be deleted in its entirety and replaced with the following:

 

“1.          Employment
Period. The Company hereby employs Executive, and Executive hereby accepts such employment, upon the terms and conditions hereinafter
set forth.  Subject to termination as provided herein, the initial term of Executive’s employment hereunder shall
continue through August 31, 2014 (the “Initial Term”).  Upon expiration of the Initial Term and each
Renewal Term, this Agreement will automatically renew for subsequent one (1) year terms (each a “Renewal Term”)
unless either the Company or Executive provides ninety (90) days’ advance written notice to the other party that such party
does not wish to renew the Agreement for a subsequent Renewal Term; provided that for the Renewal Term from September 1, 2016 through
August 31, 2017, if either the Company or Executive does not wish to renew the Agreement for such Renewal Term, either the Company
or Executive must provide written notice to the other party on or before July 2, 2016.  In the event either party gives
notice of nonrenewal pursuant to this Section 1, this Agreement will expire at the end of the then current term. The Initial Term
and each subsequent Renewal Term are referred to collectively as the “Employment Period”.   Executive
and the Company acknowledge that, except as may otherwise be provided by this Agreement or under any other written agreement between
Executive and the Company, the employment of Executive by the Company is “at will” and Executive’s employment
may be terminated by either Executive or the Company at any time for any reason, or no reason.”

 

2.          No
Other Changes. Except as modified or supplemented by this Amendment, the Employment Agreement remains unmodified and in full
force and effect.

 

     

     

    

 

		3.	Miscellaneous.

 

(a)          Governing
Law. This Amendment and the legal relations hereby created between the parties hereto shall be governed by and construed under
and in accordance with the internal laws of the State of Colorado, without regard to conflicts of laws principles thereof.  Each
party shall submit to the venue and personal jurisdiction of the Colorado state and federal courts concerning any dispute for which
judicial redress is permitted pursuant to this Agreement; however the Company is not limited in seeking relief in those courts.

 

(b)          Binding
Effect. This Amendment is intended to bind and inure to the benefit of and be enforceable by Executive, the Company and their
respective heirs, successors and assigns, except that Executive may not assign Executive’s rights or delegate Executive’s
obligations hereunder without the prior written consent of the Company.

 

(c)          Counterparts.
This Amendment may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute
one and the same instrument.

 

(d)          Savings
Clause. If any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other
provisions or applications of this Amendment or the Employment Agreement which can be given effect without the invalid provisions
or applications and to this end the provisions of this Amendment or the Employment Agreement are declared to be severable.

 

[Signature page follows.]

 

     

     

    

 

 

IN
WITNESS WHEREOF, the Parties hereto have caused this First Amendment to Amended and Restated Employment Agreement to
be executed as of the date first above written.

 

	 	AIR METHODS CORPORATION	 
	 	 	 	 
	 	By:	/s/ Aaron D. Todd	 
	 	Name:	Aaron D. Todd	 
	 	Title:	Chief Executive Officer	 

 

	 	EXECUTIVE:	 
	 	 	 
	 	/s/ Michael D. Allen	 
	 	Michael D. AllenExhibit 10.15.1

 

Consulting
Agreement

 

This
Consulting Agreement (this “Agreement”) is entered into as of
June 3, 2016 (the “Effective Date”), by and between Air Methods Corporation, a Delaware corporation (the “Company”),
whose place of business is 7211 South Peoria Street, Denver, Colorado 80206,
and Trent Carman, an individual, (the “Consultant”), whose address is 1535 East Fair Place, Centennial, CO 80121.

 

Recitals

 

A.           The
Consultant has considerable knowledge and experience relating to the administration, financial, and risk management operations
and processes.

 

B.           The
Company desires to engage the Consultant as an independent contractor to provide certain advisory services to the Company.

 

Agreement

 

NOW,
THEREFORE, in consideration of the mutual representations, promises and agreements contained herein, the adequacy and sufficiency
of which are hereby acknowledged, the Company and the Consultant hereby agree as follows:

 

1.          Term
of Agreement. The Company hereby engages the Consultant as a consultant, subject to the terms and conditions hereof, for the
period commencing as of the Effective Date and ending on the date that is six (6) months from the Effective Date (the “Term”),
except as the Term may be extended by mutual written agreement of the parties hereto or earlier terminated as hereafter provided.

 

2.          Consulting
Services; Representations and Warranties.

 

(a)          During
the Term, the Consultant shall perform consulting services for the Company or an affiliate of the Company. Such consulting services
are anticipated to include, but not be limited to, review, analysis, implementation, and evaluation of the Company’s financial
planning and risk management processes and any other services that may be assigned by the Company from time to time (collectively,
the “Consulting Services”). During the Term, the Consultant will devote a sufficient amount of time necessary
to accomplish its duties and responsibilities under this Agreement. Consultant has the right to control and direct the means, manner
and method by which the Consulting Services are performed. The Consultant shall (a) be available in person for meetings with the
Company and third parties, conferences or related activities upon reasonable request by the Company and (b) provide regular reporting
to the Company regarding the Consulting Services. The Consultant's principal contact at the Company shall be Aaron Todd,
Chief Executive Officer (“CEO”), and the Consultant shall
accept instructions/directions from and report to this contact person or any other designee specified by the CEO.

 

(b)          The
Consultant hereby represents, warrants and covenants to the Company as follows: (i) no other party has exclusive rights to the
Consultant’s services in the specific areas described herein and the Consultant is in no way compromising any rights or trust
relationships between any other party and the Consultant, or is creating a conflict of interest, or possibility thereof, for the
Consultant or the Company and/or any of its affiliates; (ii) the Consulting Services will be performed in accordance with all applicable
federal, state, local and municipal laws, rules, regulations, legislation, ordinances and orders (collectively, “Applicable
Law”); (iii) following the release of any government request for proposal, the Consultant will not contact any government
procurement office or its officials except with the prior written consent of the Company and in accordance with Company-approved
strategy and policies; (iv) the Consultant shall report to the Company any of the Consultant’s activities that would be relevant
to or reportable in a Company certification and/or disclosure pursuant to Applicable Law; (v) the Consultant will not lobby or
contact any member or employee of a member of Congress for the purpose of influencing the award, extension, continuation, renewal,
amendment or modification of any federal or state contract or subcontract; (vi) when contacting any other governmental agency or
employee, the Consultant will refrain from any improper influence or actions prohibited by Applicable Law; and (vii) the Consultant
shall secure and keep in full force and effect all necessary licenses, permits and bonds required by Applicable Law in connection
with the Consulting Services, and shall report and pay all taxes, including but not limited to, income, payroll, sales, use, excise,
or occupational taxes required in connection with the Consulting Services.

 

     

     

    

 

		3.	Independent Contractor.

 

(a)          The
Consultant will not be an employee of the Company but rather shall have the status of an independent contractor.

 

(b)          No
payroll or employment taxes of any kind shall be withheld or paid with respect to payments to the Consultant.  The Consultant
is solely responsible for paying all payroll and employment taxes affecting it and/or its employees including, but not limited
to, FICA, FUTA, federal personal income tax, state personal income tax, state disability insurance tax, state unemployment insurance
tax, and state worker’s compensation insurance tax.

 

(c)          No
benefits, including but not limited to health insurance benefits, retirement plan benefits, vacation pay or sick pay, shall be
provided by the Company to Consultant. 

 

(d)          No
workers’ compensation or unemployment compensation insurance has been or will be obtained by the Company on account of the
Consultant.  The Consultant agrees to provide workers’ compensation coverage and unemployment compensation for the Consultant’s
employees, subcontractors and anyone directly or indirectly employed by the Consultant or the Consultant’s subcontractors,
if applicable.

 

(e)          The
Company shall define the scope of the Consulting Services and the Consultant shall exercise independent judgment regarding the
manner in which the Consultant performs the Consulting Services. The Company shall not train the Consultant in how to perform the
Consulting Services; provided, however, that the Company may require that the Consultant complete training courses
upon reasonable request by the Company.  The Consultant shall have no right or authority to assume or create any obligation
of any kind or to make any representation or warranty on behalf of the Company, whether express or implied, or to bind the Company
in any respect.  The Consultant shall not combine the Consultant’s business operations with those of the Company; the
parties shall remain separate and distinct entities.  At the Consultant’s expense, the Consultant shall provide the
Consultant’s own computer, telephone or other equipment necessary to perform the Consulting Services. The Consultant shall
devote such time, energy, attention and effort as may be necessary for Consultant to perform the Consulting Services in an ethical,
diligent and professional manner and in accordance with standard industry practices.  Absent the Company’s prior written
consent, the Consultant will not perform any case studies on or about the Company’s clients or publicize or share any information
with third parties about the Consulting Services.

 

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4.          Compensation.
In remuneration for the Consulting Services, the Consultant shall receive a consulting fee equal to $25,000 per month during the
Term (the “Consulting Fee”). The Consultant shall submit an invoice to the Company for the Consulting Fee at
the end of each month accompanied by a reasonably detailed summary of Consulting Services performed by the Consultant during such
month (the “Summary Report”). The Consultant will not invoice the Company for any charges, duties, fees or amounts
of any nature whatsoever, except for the Consulting Fee and any expenses to which it may be entitled pursuant to Section 5.
Undisputed invoices provided to the Company by the Consultant will be payable within 15 days following the date of the Company’s
receipt of such invoice and the Summary Report; provided, however, the Company’s payment of any invoice shall
not constitute a waiver of any of the Company’s rights at law, in equity, under contract or otherwise (all of which are hereby
expressly reserved), including, without limitation, the Company’s right to contest the accuracy of such invoice at a later
date and obtain a refund of any amounts paid by the Company in connection with such invoice.

 

5.          Expenses.
The Consultant acknowledges and agrees that it is solely responsible for the payment of all ordinary and necessary expenses associated
with its performance of the Consulting Services hereunder, and agrees that it will not seek reimbursement from the Company for
the same. Notwithstanding the foregoing, the Company reserves the right, in its sole discretion, to reimburse the Consultant for
extraordinary expenses incurred by the Consultant incident to the performance of the Consulting Services including, without limitation,
expenses related to travel requested by the Company; provided, however, that, unless otherwise specifically agreed to by the Company
in writing, all such extraordinary expenses must be: (a) pre-approved in writing by the Company; (b) itemized; and (c) substantiated
by verifiable and legible receipts.

 

6.          Termination.
This Agreement may be terminated by the Company or the Consultant upon 15 days’ prior written notice to the other party.
The Company may terminate this Agreement immediately for any willful breach by the Consultant of any provision set forth in this
Agreement or any negligence or willful misconduct by the Consultant that may be detrimental or harmful to the Company. In the event
of the termination of this Agreement pursuant to this Section 6, the Company's obligations under Sections 4 and 5
shall cease on the effective date of such termination, except with respect to the Company’s obligation to pay any unpaid
Consulting Fees and expenses (incurred in accordance with Section 5) prior to the date of termination. In the event of the
death or permanent disability of the Consultant, this Agreement shall terminate and no further payments shall be made hereunder,
except with respect to the Company’s obligation to pay any unpaid Consulting Fees and expenses (incurred in accordance with
Section 5) prior to the date of termination, which amounts shall be paid to the Consultant’s heirs, successors or
assigns. The provisions of this Section 6 and Sections 7-18, shall survive the expiration or termination of this
Agreement and shall remain in full force and effect in accordance with the terms thereof.

 

7.          Confidential
Information; Non-Competition; Non-Solicitation. The parties hereto recognize that a major need of the Company is to preserve
its specialized knowledge, trade secrets and confidential information. The strength and goodwill of the Company is derived from
the specialized knowledge, trade secrets and confidential information generated from experience with the activities undertaken
by the Company. The disclosure of this information and knowledge to competitors would be beneficial to them and detrimental to
the Company. The Consultant acknowledges that the proprietary information, observations and data obtained by him during the Term
concerning the business or affairs of the Company are the property of the Company. By reason of the Consulting Services provided
under this Agreement, the Consultant has or will have access to, and has obtained or will obtain, specialized knowledge, trade
secrets and confidential information about the Company's operations. In consideration of the foregoing, the Consultant hereby agrees
as follows, recognizing that the Company is relying on these agreements in entering into this Agreement:

 

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(a)          The
Consultant will not use, disclose to others, or publish or otherwise make available to any other party any inventions or any Confidential
Information (as defined below) about the affairs of the Company, including but not limited to confidential information concerning
the results of the Company's financial condition. “Confidential Information” shall include any information marked as
“confidential” or “proprietary” or traditionally treated by the Company as confidential and/or proprietary
that is disclosed by the Company to the Consultant, all confidential information of third parties that is to be held as confidential
by the Company, commercial or trade secrets about the Company's proprietary technology, products, devices and methods, as well
as information about the Company's engineering designs, plans and standards, commercial plans, sales and marketing plans, techniques
and reports, analytical techniques, technical information, employee information, or financial and business records, any of which
contains proprietary information created or acquired by the Company and which information is held in confidence by the Company.
“Confidential Information” does not include information which: (i) becomes generally available to the public, unless
said Confidential Information was disclosed in violation of a confidentiality agreement; or (ii) becomes available to the Consultant
on a non-confidential basis from a source other than the Company or its agents, provided that such source is not bound by a confidentiality
agreement with the Company or any of its affiliates or has not breached a duty of confidentiality to the Company or any of its
affiliates in disclosing such information.

 

(b)          During
the Term, the Consultant shall not, directly or indirectly through another entity or person, represent lines, products, goods or
services that compete in any manner with the lines, products, goods or services of the Company. 

 

(c)          During
the Term and for six months thereafter, the Consultant will not, directly or indirectly through another entity or person, (i) induce
any employee of the Company or its affiliates to leave the Company's or its affiliates’ employ or in any way interfere with
the relationship between the Company or its affiliates and any employee thereof; (ii) tortuously interfere with the Company's or
its affiliates’ business relationship with any supplier, customer, vendor, or other business relation of the Company or any
of its affiliates; or (iii) disparage the Company or any of its affiliates or its or their respective officers, directors, shareholders,
employees or agents.

 

(d)          The
Consultant acknowledges and agrees that the covenants set forth in this Section 7 are reasonable and necessary given the
Company’s current and future business plans. In addition to the provisions of Section 16, if any court of competent
jurisdiction shall determine that the foregoing covenants are invalid in any respect, the parties hereto agree that any court so
holding may limit such covenant in time, in area or in any other manner which the court determines such that the covenant shall
be enforceable against the Consultant. The Consultant acknowledges that the remedy at law for any breach of the foregoing covenants
will be inadequate, and that the Company shall be entitled, in addition to any other remedy available at law, in equity or otherwise,
to preliminary and permanent injunctive relief.

 

		8.	Intellectual Property; Works of Authorship.

 

(a)          The
Consultant agrees to disclose promptly to the Company all inventions, improvements, know-how, formulas, trade secrets, secret processes,
technical information, or any other intellectual property (other than works of authorship) made or conceived, either alone or jointly
with others, during the Term and for six months thereafter as a result of the Consulting Services or of the Confidential Information
obtained by the Consultant during the Term or any extension thereof. The Consultant agrees that the Company shall be the exclusive
owner of the entire right, title, and interest in and to any and all such intellectual property, including any patent applications
and any patents that may issue therefrom anywhere in the world. The Consultant agrees to assign all right, title, and interest
in and to such intellectual property to the Company without further payment from the Company. The Consultant also agrees that,
upon the Company's request and at the Company's expense, the Consultant will provide reasonable assistance to the Company, at the
Company’s cost, in prosecuting, maintaining, and protecting patents covering any such intellectual property.

 

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(b)          Any
original work of authorship including any written, pictorial, graphic or audiovisual work, sound recording, courseware design or
architecture in any form including, but not limited to, computer generated files and code, created by the Consultant in the course
of providing Consulting Services to the Company shall be deemed as “works made for hire” and be the sole property of
the Company and the Company shall own all the rights including the rights to copyright in the work. To the extent that any of the
foregoing does not qualify as a “work made for hire,” the Consultant hereby irrevocably transfers, assigns and conveys
the exclusive copyright ownership thereof to the Company, free and clear of any liens, claims or other encumbrances, to the fullest
extent permitted by law. The Consultant agrees to execute all documents and perform all acts that the Company may reasonably request
in order to assist the Company in perfecting its rights in and to the works developed under this Agreement anywhere in the world.
The Company will reimburse the Consultant for any expenses reasonably incurred by Consultant in so doing.

 

(c)          The
obligations to assign inventions and copyrights to the Company shall not apply to any invention or copyrights for which no equipment,
supplies, facility or trade secret information of the Company was used and which was developed entirely on the Consultant's own
time, and (i) which does not relate (A) directly to the business of the Company or (B) to the Company's actual or demonstrably
anticipated research or development, or (ii) which does not result from any work performed by the Consultant for the Company.

 

9.          Entire
Agreement. This Agreement sets forth the entire agreement and understanding of the parties hereto with respect to the matters
covered hereby and supersedes any prior agreement or understanding whether oral or written between the parties with respect to
the matters covered hereby.

 

10.         Indemnification.
The Consultant agrees to indemnify, save and hold harmless the Company and its affiliates, and its and their respective officers,
directors, employees, agents and shareholders, and its and their respective assigns, heirs, successors and legal representatives
from and against any and all losses, costs, expenses (including, but not limited to, payroll and income taxes and attorneys’
fees), damages, liabilities, claims, suits, demands, judgments and causes of action of any nature arising from or as a result of
(a) the performance or non-performance of the Consultant’s obligations under this Agreement, (b) the failure of the Consultant
to comply with any term or condition of this Agreement, (c) the breach of any representation or warranty given or made by the Consultant
in this Agreement, (d) the reclassification of the Consultant as an employee of the Company and (e) any negligence or willful misconduct
of the Consultant in performing the Consulting Services.

 

11.         Notices.
All notices required or permitted by this Agreement shall be in writing and may be delivered in person, sent by certified or registered
mail, return receipt required, postage paid to the addresses stated above or to such other address as either party may designate
or by facsimile to such facsimile number as either party may designate. All mailing notices shall be deemed effective upon depositing
in the mail.

 

12.         Waiver.
The waiver of either party of a breach of any provision of this Agreement shall not operate as or be construed as a continuing
waiver or as a consent to or waiver of such subsequent breach.

 

13.         Modification.
This Agreement may only be modified in writing signed by both parties.

 

14.         Assignment.
Since the Consulting Services are personal, all duties to be performed by Consultant may not be assigned to any other individual
or third party without the prior written consent of the Company. The Company shall have the right, without the consent of the Consultant,
to assign this Agreement, or any of the Company’s rights or obligations hereunder, to an affiliate of the Company.

 

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15.         Governing
Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Colorado, without
regard to its principles of conflicts of laws. ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM, ACTION, SUIT OR PROCEEDING
ARISING OUT OF THIS AGREEMENT OR ANY OF THE MATTERS CONTEMPLATED HEREBY IS WAIVED BY THE COMPANY AND THE CONSULTANT. THE COMPANY
AND THE CONSULTANT HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE FEDERAL AND STATE COURTS LOCATED IN DENVER, COLORADO, IN
CONNECTION WITH ANY DISPUTE RELATED TO THIS AGREEMENT OR ANY OF THE MATTERS CONTEMPLATED HEREBY.

 

16.         Severability.
If one or more provisions of this Agreement are held to be unenforceable under Applicable Law, such provision shall be excluded
from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable
in accordance with its terms.

 

17.         Remedies
Cumulative. It is agreed that the rights and remedies herein provided in case of default or breach by the Consultant of this
Agreement are cumulative and shall not affect in any manner any other remedies that the Company may have by reason of such default
or breach by the Consultant. The exercise by the Company of any right or remedy herein provided shall be without prejudice to the
Company’s right to exercise any other right or remedy provided herein, at law, or in equity. The Consultant agrees that any
breach of this Agreement is likely to cause irreparable harm to the Company, and in the event of any actual or threatened breach
of this Agreement by the Consultant that the Company shall be entitled to equitable relief.

 

18.         Counterparts.
This Agreement may be executed in one or more counterparts (including by facsimile, PDF or other electronic means), each of which
shall be deemed to be an original and all of which together shall constitute one and the same instrument.

 

[Signature Page Follows]

 

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

 

	 	COMPANY: 
	 	 
	 	AIR METHODS CORPORATION 
	 	 
	 	 
	 	By:	 /s/ Crystal L. Gordon
	 	Name: Crystal L. Gordon
	 	Title: General Counsel, Secretary, and Senior Vice Presidcnt

 

	 	CONSULTANT:
	 	 
	 	/s/ Trent Carman
	 	Name: Trent Carman

 

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