Document:

Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (the
“Agreement”), is entered into as of March 8, 2011 and is effective as of March 31, 2011 (the “Effective Date”), by and between IPC THE HOSPITALIST COMPANY, INC., a Delaware corporation (the
“Company”), and KERRY E. WEINER, M.D. (“Employee”). 
 BACKGROUND INFORMATION

 A. The Company desires to enter into this Agreement to secure for its benefit the skills of individuals who provide
unique value to its operations; 
 B. The Company recognizes that Employee possesses certain skills and expertise which give
Employee peculiar value to the Company; and 
 C. The Company desires to retain these skills for the benefit of the Company and
to provide Employee with compensation commensurate with such skills. 
 NOW, THEREFORE, in consideration of the mutual covenants
and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 ARTICLE I 
 BASIC EMPLOYMENT 

1.1 Employment. The Company agrees to employ Employee, and Employee hereby agrees to be employed by the Company, to perform
the duties more fully described below for the compensation and duration specified in this Agreement, as it may be amended from time to time, subject to and upon all the terms and conditions set forth herein. 

1.2 Term. The term of employment under this Agreement shall commence as of the Effective Date, and continue in full force
and effect after the Effective Date for a period of one (1) year (the “Term”); provided, however, that the Term shall automatically be extended for successive one (1) year periods unless either party provides the
other with at least ninety (90) days advance written notice of its intention not to extend the Term. Each twelve (12) month period during the Term or any extension shall be referred to herein as a “Contract Year.”
Notwithstanding anything to the contrary contained herein, the Term will terminate upon termination of Employee’s employment by the Company or by Employee pursuant to Article III below. 

1.3 Duties and Powers. 
 1.3.1 Service with the Company. During the Term, Employee shall (i) serve as the Company’s Chief Clinical Officer and shall report directly to the Chief Executive Officer of
the Company (the “CEO”) and (ii) have such responsibilities, duties and authorities, and render such other services for the Company, that are consistent with Employee’s position as Chief Clinical Officer, as the CEO
may from time to time reasonably direct. 

 1.3.2 Service with Subsidiaries and other Affiliates. During the Term Employee
shall, at the reasonable request of the CEO, serve as the Chief Clinical Officer and/or director of each subsidiary or other affiliate of the Company; provided that Employee shall not be entitled to any additional compensation for
serving as an officer or director of the Company’s subsidiaries and other affiliates. 
 1.3.3 Performance of
Duties. Employee will devote his best efforts, energies and abilities and his full business time, skill and attention (except for permitted vacation periods and reasonable periods of illness) to the business and affairs of the Company, its
subsidiaries and other affiliates and shall perform the duties and carry out the responsibilities assigned to him, to the best of his ability and in a diligent, trustworthy, businesslike and efficient manner. Employee acknowledges that his duties
and responsibilities will require his full-time business efforts and agrees that during the Term he will not engage in any other business activity or have any business pursuits or interests, except activities or interests which do not conflict with
the business of the Company, its subsidiaries and other affiliates and do not interfere with the performance of Employee’s duties hereunder; provided that Employee shall be permitted to (i) continue to serve on civic and charitable
boards and committees (provided that in January of each year hereunder, Employee furnishes the board of directors of the Company (the “Board”) with a list of the civic and charitable boards and committees on which Employee is then
serving), and (ii) manage his personal investments and affairs, in each case so long as the activities referred to in clauses (i) and (ii) above otherwise comply with the terms and conditions of this Agreement, including the
provisions of this Section 1.3.3; provided further that, other than the positions and entities listed in clause (i) above, Employee shall not, without the prior written consent of the Board, be permitted to serve on
any for profit entity’s board of directors or committee or hold any similar position with respect to any such entity. 

1.4 Compensation. During the Term, the Company agrees to pay to Employee an initial base salary at the gross rate of
$350,000 per annum, commencing on the effective date hereof (the “Base Salary”). The Base Salary shall be payable in arrears in substantially equal payments at such frequency as is the custom and practice of the Company and on at
least a monthly basis. During the Term, the Base Salary shall be subject to annual review by the compensation committee (the “Committee”) of the Board. 
 1.5 Bonus Compensation. During the Term, in addition to the Base Salary, Employee shall be eligible to receive an annual performance-based cash bonus (“Annual Bonus”) during
each Contract Year with respect to each fiscal year of the Company (subject to Section 4.2). The Annual Bonus shall be based upon quantitative and qualitative performance targets as established by the Committee in it sole discretion in
accordance with the Company’s annual bonus plan; provided, that Employee’s Annual Bonus payable for achievement of the target level of performance designated by the Committee shall be not less than forty percent (40%) of Base
Salary in effect at the time the Committee establishes the Annual Bonus. The Committee may, in its discretion, specify amounts of Annual Bonus payable above or below the designated target amount for achievement of performance at specified levels
above or below the designated target level of performance. The Annual Bonus shall be payable to Employee at the 

 
same time bonuses are paid to other executive officers in accordance with the Company’s annual bonus plan, but in no event later than March 15 of the calendar year following the
calendar year in which the Annual Bonus is no longer subject to a substantial risk of forfeiture within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”). 

1.6 Working Conditions/ Benefits. 
 1.6.1 Vacation. Employee shall be entitled to twenty (20) business days of paid vacation per calendar year. Any unused vacation days shall accrue from year to year up to a maximum of
thirty-five (35) days accrued at any one time. Employee shall accrue ten (10) paid sick days per calendar year. The maximum accumulation of vacation and sick days shall be in accordance with the Company’s policies and practices.

 1.6.2 Insurance and Other Benefits. During the Term, Employee shall be eligible to participate in and, if
eligible, to receive employee and dependent group medical, dental, disability, life insurance, 401(k) and such other benefits made available by the Company in accordance with the Company’s policies and procedures established from time to time,
or, if there is no policy or procedure in place at any applicable time, on the same basis as other senior management of the Company. 
 1.6.3 Expenses. During the Term, Employee shall be entitled to reimbursement for all approved reasonable travel and other business expenses incurred by Employee in connection with his
services to the Company pursuant to the terms of this Agreement. All business expenses for which Employee seeks reimbursement from the Company shall be adequately documented by Employee in accordance with the Company’s procedures covering
expense reimbursement and in compliance with the regulations of the Internal Revenue Service. 
 1.6.4 Facilities.
During the Term, Company shall provide Employee with office space at its headquarters in North Hollywood, California, and secretarial and other support services and facilities commensurate with Employee’s position. 

1.6.5 Equity Compensation Grants. During the Term, Employee shall be eligible to receive, at the discretion of the
Committee, grants of stock options and/or other equity-based compensation under, and subject to the terms of, the Company’s 2007 Incentive Compensation Plan or any such other incentive compensation plan that may be maintained by the Company
from time to time. 
 ARTICLE II 
 PROPRIETARY AND CONFIDENTIAL INFORMATION 
 2.1 The Company’s
Proprietary, Confidential and Trade Secret Information. Employee may have access to or otherwise obtain knowledge of confidential information of the Company and/or its affiliates (whether such affiliation is through a management agreement
between the Company and/or another entity or otherwise) (“Affiliates”), including, without limitation, the Company’s and Affiliates’ selling and servicing methods and business techniques, software programs, policies and
procedures, business records, training, service and business manuals, promotional materials, training courses and other training and instructional materials, vendor and product information, customer and prospective customer lists, other customer and

 
prospective customer information, information concerning the Company’s and Affiliates’ current or any future or proposed work, services, or products, the facts that any such work,
services, or products are planned, under consideration, or in production, as well as any descriptions thereof, and other business information (“Confidential Information”). Confidential Information shall not include information that
Employee can demonstrate: (i) was publicly available at the time of disclosure, or later became publicly available through no act or omission of the Employee; (ii) was rightfully in Employee’s possession prior to Employee’s date
of employment by the Company; or (iii) was rightfully received by Employee from a third party without any obligation of confidentiality. 

Employee acknowledges that (a) all such Confidential Information, whether reduced to writing, maintained on any form of electronic media, or
maintained in the mind or memory of Employee and whether compiled by the Company, its Affiliates and/or Employee, derives independent economic value from not being readily known to or ascertainable by proper means by others who can obtain economic
value from its disclosure or use; (b) reasonable efforts have been made by the Company and its Affiliates to maintain the secrecy of such information; (c) all Confidential Information and materials have and will be made available to
Employee only for the limited purpose of the performance of Employee’s duties as an employee; (d) all Confidential Information of the Company and its Affiliates has been developed or compiled by the Company and its Affiliates through
substantial expenditures of time, effort and money and constitutes valuable and unique property of the Company and its Affiliates; and (e) all Confidential Information and materials are the sole property of the Company or its Affiliates. Any
retention and use of such information by Employee during Employee’s employment with the Company (except in the course of performing Employee’s duties and obligations hereunder) or after the termination of Employee’s employment shall
constitute a misappropriation of the Company’s and its Affiliates’ trade secrets and Confidential Information and unfair competition. 

The Company’s and its Affiliates’ business is the development and implementation of programs for the management of comprehensive hospital-based
care for patients within structural in-patient programs, the provision of hospitalist and associated services throughout the United States and the development and utilization of automated and electronic work tools and processes for hospital-based
healthcare providers. Employee acknowledges and agrees that the development of relationships between the Company or its Affiliates and their respective customers and clients entails great expense and difficulty and requires frequent personal contact
with such customers and clients, that the development of the Company’s and its Affiliates’ staff and employees entails great difficulty and expense and extensive training and supervision of such staff and employees, and that but for
Employee’s employment by the Company, Employee would have no contact with or knowledge of the identities, addresses and other contact information pertaining to the Company’s or its Affiliates’ customers, clients, staff, or other
employees, all of which constitute part of the Company’s and its Affiliates’ Confidential Information. 
 Accordingly, and without
diminishing in any way the rights and remedies of the Company under any applicable law and regulation, Employee will keep in strict confidence, and will not, directly or indirectly, at any time during or after Employee’s employment with the
Company, disclose, furnish, disseminate, make available or, except in the course of performing Employee’s duties of employment, use any Confidential Information or other trade secrets or confidential business and technical information of the
Company or its Affiliates. 

 Employee expressly authorizes the Company to notify any person, firm, entity, hospital, medical group,
medical provider or corporation employing Employee in the future, or evidencing an intent to employ Employee in the future, of the existence and provisions of this Agreement. 
 Employee acknowledges that Employee’s use of Confidential Information regarding the Company’s or any of its Affiliates’ accounts, clients, customers, staff and/or employees by Employee
during or after the Term of Employee’s exclusive and non-exclusive employment by the Company or consultation with the Company, except as is necessary in the course and scope of performing Employee’s job duties for the Company, will
materially and adversely affect the Company, and all of its shareholders, economically and otherwise, and constitutes unfair competition. Accordingly, as an additional inducement to the Company to enter into the Agreement with the Employee, Employee
agrees that: 
 2.1.1 Use of Trade Secrets and Confidential Information. During and after the Term of
Employee’s exclusive or non-exclusive employment by the Company or consultation with the Company, except as is necessary in the course and scope of performing Employee’s job duties for the Company, Employee will not use the Company’s
or any of its Affiliates’ trade secrets or Confidential Information, directly or indirectly, alone or in concert with any person or entity, for Employee’s own account or for, or on behalf of, any other person or entity, to solicit any
business from accounts, clients or customers of the Company or its Affiliates who have dealt with the Company or its Affiliates at any time during the Term. 
 2.1.2 Non-Solicit. During the Term and for a period of two (2) years following expiration or termination of the Term, regardless of the reason for the termination, Employee will not
directly or indirectly solicit or induce or attempt to solicit or induce any officer, director, employee, sales representative, agent or consultant of the Company or its Affiliates to terminate or adversely alter their employment, representation or
other association with the Company or its Affiliates. In addition, at no time after Employee leaves employment with the Company will Employee seek to obtain or misappropriate any of the Company’s or its Affiliates’ trade secrets or
Confidential Information from any current or former employee or consultant of the Company or any of its Affiliates. 
 2.1.3
Disclosure. In the event that Employee is requested or required in any proceeding to disclose any Confidential Information, Employee shall: (i) provide the Company with prompt written notice of such request(s) and the documents or
information requested so that the Company or its Affiliates may seek an appropriate protective order and/or waive Employee’s compliance with the provisions of this Article II; and (ii) consult with the Company or its Affiliates as
to the advisability of taking legally available steps to resist or narrow such request. It is further agreed that, if in the absence of a protective order or the receipt of a written waiver from the Company or its Affiliates, the Employee is
nonetheless, in the opinion of his legal counsel, compelled to disclose any of the Confidential Information or else stand liable for contempt or suffer other censure or penalty, Employee agrees to disclose to such tribunal only such Confidential
Information as is legally required, which disclosure shall be without liability hereunder; provided, however, that Employee shall give the Company written notice of the 

 
Confidential Information to be so disclosed as far in advance of its disclosure as is practicable and Employee shall request, from the parties to whom the Confidential Information is disclosed,
assurance that confidential treatment will be accorded to such portion of the Confidential Information required to be disclosed as the Company or its Affiliates designates. 
 2.2 Return Of Property. Employee agrees that upon termination of Employee’s employment with the Company, for any reason, Employee shall promptly return to the Company, in good
condition, all property of the Company or its Affiliates, including, without limitation, the originals and all copies of any materials which contain, reflect, summarize, describe, analyze or refer or relate to any Confidential Information. In the
event that such items are not so returned, the Company or its Affiliates will have the right to charge Employee for all reasonable damages, costs, attorneys’ fees and other expenses incurred in taking, removing and/or recovering such property.

 2.3 Assignment Of Inventions. Employee hereby assigns and agrees to assign to the Company, its Affiliates,
successors, assigns or nominees, all of Employee’s right, title and interest in and to any and all “Inventions,” which include any and all discoveries, developments, designs, inventions, improvements, processes, techniques,
business records, software programs, training, service and business manuals, promotional materials, training courses and other results and proceeds of Employee’s services, regardless of whether subject to patent, registration, trade mark or
copyright protection or protection under similar statutes, made, conceived, suggested, either solely or jointly with others, by Employee while in the Company’s employ, whether in the course of employment with the use of the Company’s time,
material or facilities or that is in any way within or related to the existing or contemplated scope of the Company’s or its Affiliates’ business or result from the use of property owned, leased or contracted for by the Company or any of
its Affiliates. Inventions shall also include anything that derives actual or potential economic value from not being generally known to the public or to other persons who can obtain economic value from its disclosure or use. Any Inventions directly
derivative of the Company’s or its Affiliates’ planned or existing products or services, developed or under development during Employee’s employment and made, conceived or suggested by Employee, either solely or jointly with others,
within one (1) year following termination of Employee’s employment under the Agreement, or any successor agreement shall be irrebuttably presumed to have been so made, conceived or suggested in the course of such employment with the use of
the Company’s time, materials and/or facilities. All work papers, reports, documentation, drawing, photographs, negatives, tapes and masters therefor, prototypes, other tangible items and materials, and all other results and proceeds of
Employee’s services hereunder, made, conceived, or suggested, either solely or jointly with others, by Employee while in the Company’s employ, whether in the course of employment with the use of the Company’s time, material or
facilities or in any way within or related to the existing or contemplated scope of the Company’s or its Affiliates’ business, including, without limitation, and such results and proceeds directly derivative of the Company’s or its
Affiliates’ planned or existing products or services, developed or under development during Employee’s employment and made, conceived or suggested by Employee, either solely or jointly with others, within one (1) year following
termination of Employee’s employment under the Agreement or any successor agreements, and including, without limitation, any and all such items generated and maintained on any form of electronic media, constitute specially commissioned works
made for hire as defined in the United States Copyright Act, which works and the copyrights therein and thereto shall be the property of the Company or 

 
its Affiliates as the author thereof. To the extent that California law applies to this Agreement, this paragraph does not apply to any invention that qualifies fully under the provisions of
Section 2870 of the California Labor Code, the text of which is reproduced in Section 2.6, and Employee agrees and acknowledges that Employee will bear the full burden of proving to the Company that an Invention qualifies fully
under Section 2870. 
 Upon request by the Company with respect to any such Inventions, Employee agrees to execute and deliver to the
Company, at any time during or after Employee’s employment, such further documents as the Company may require in connection with the rights, privileges and property granted to the Company or its Affiliates in the preceding paragraph (the
“Rights”), when so requested, at the expense of the Company, but without further or additional consideration. In the event the Company is unable, after reasonable effort, to secure Employee’s signature on any document(s)
required in accordance with the provisions of this Article II, Employee irrevocably designates the Company or its Affiliates, or their nominee, as Employee’s agent or attorney-in-fact to act on Employee’s behalf, with the right, but
not the obligation, to execute and deliver all such further documents for the purposes aforesaid. Employee also irrevocably designates the Company or its Affiliates, or their nominee, as Employee’s agent or attorney-in-fact, with the right but
not the obligation, for the sole benefit of the Company or its Affiliates, and at the Company’s or its Affiliates’ expense, to bring, prosecute, defend and appear in suits, actions, and proceedings of any nature under or concerning all
such Rights; and to take such action as the Company or its Affiliates may deem advisable to enforce, protect, and/or defend any of the Rights; and to litigate, collect and receive all damages arising from any infringement of any such Rights. Any
such action may be taken by the Company or its Affiliates in the name of Employee or otherwise, and the Company or its Affiliates may join Employee as a plaintiff or defendant in any such suit, action or proceeding. 

Employee further acknowledges that the foregoing assignment of rights is made in consideration of, and is adequately supported by good, valuable and
sufficient consideration including but not limited to the agreement of the Company to employ Employee. 
 2.4
Remedies. Employee acknowledges and agrees that the provisions of this Article II are reasonable and necessary to protect the legitimate professional and business interests of the Company and its Affiliates and that any breach
or violation hereof would result in irreparable damage and injury to the Company or its Affiliates with the extent and the amount of the damages and injury being difficult, if not impossible, to ascertain. Employee acknowledges and agrees that such
damages and injury cannot be adequately compensated with monetary damages, and Employee further agrees that the Company or its Affiliates may seek and obtain injunctive relief against the breach or threatened breach of any of the provisions of this
Article II and/or specific enforcement of such provisions in addition to any other legal or equitable remedies which may be available and that are not inconsistent with the Dispute Resolution Procedure in Section 5.1, Employee
agrees to waive any requirement for the securing or posting of any bond in connection with such remedy. Should litigation be instituted to enforce any provision of this Article II, the prevailing party will be entitled to recover all costs
incurred in connection with such action, including without limitation reasonable legal fees, cost of investigation and cost of settlement; provided, however, that in the case of recovery by the Employee, such recovery shall only be
allowed for amounts incurred during the life time of the Employee and shall be subject to the provisions of Section 5.4 governing reimbursement for expenses. 

 2.5 Reasonableness of Obligations. Employee acknowledges and agrees that
Employee’s obligations under this Article II are reasonable in the context of the nature of the Company’s and its Affiliates’ business and the competitive injuries likely to be sustained by the Company or its Affiliates if
Employee were to violate such obligations. Employee further acknowledges that the Agreement is made in consideration of, among other things, this Article II and is adequately supported by good, valuable and sufficient consideration, including
but not limited to the agreement of the Company to employ Employee. Employee specifically agrees that the provisions of this Article II shall survive the termination or expiration of the Agreement. 

2.6 California Labor Code Section 2870. 
 2.6.1 Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an
invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either: 

(a) Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual
or demonstrably anticipated research or development of the employer. 
 (b) Result from any work performed by the
employee for the employer. 
 2.6.2 To the extent a provision in an employment agreement purports to require an employee to
assign an invention otherwise excluded from being required to be assigned under Section 2.6.1, the provision is against the public policy of California and is unenforceable. 

ARTICLE III 

TERMINATION 
 3.1 Termination. The Term and Employee’s employment (a) shall automatically terminate immediately upon Employee’s death, (b) may be terminated at any time by the Board as
set forth herein for Cause (as defined in Section 3.2.2) or without Cause, or by reason of Employee’s Permanent Disability (as defined in Section 3.3.2), upon written notice to Employee, (c) may be terminated at any
time by Employee for Good Reason (as defined in Section 3.5.5) upon written notice to the Company, as set forth below, or (d) may be terminated at any time by Employee without Good Reason in accordance with Section 3.4.
In the event the Employee’s employment with the Company terminates after the expiration of the initial Term due to a notice of non-renewal in accordance with Section 1.2, the Employee shall only be entitled to (i) in the case
of non-renewal by the Employee, the Accrued Obligations payable as described in Section 3.2.1 and (ii) in the case of non-renewal by the Company, the Accrued Obligations payable as described in Section 3.2.1 and the
Annual Bonus payable as described in Section 4.2. 

 3.2 Termination for Cause. The Company shall have the right to terminate
Employee’s employment at any time for Cause by giving Employee written notice of the effective date of termination. The determination of whether Cause exists shall be made in the sole discretion of the CEO. 

3.2.1 Obligations Upon Termination for Cause. If the Company terminates Employee’s employment for Cause (as defined in
Section 3.2.2), the Company shall have no further obligation hereunder from and after the effective date of such termination, except for (x) payment, within thirty (30) days of such termination, of Employee’s earned and
unpaid Base Salary through the date of termination, (y) payment of amounts or benefits accrued and vested as of the date of termination under any retirement plan, profit sharing plan, employee benefit plan, incentive compensation plan, deferred
compensation plan or life insurance policy maintained by the Company in accordance with the terms of such plans, and (z) any Annual Bonus earned and payable for the immediately preceding fiscal year to the extent unpaid on the date of such
termination, payable at the same time as such annual bonuses are paid to other executives of the Company, but in no event later than March 15 of the calendar year following the year in which such Annual Bonus was no longer subject to a
substantial risk of forfeiture (collectively, the “Accrued Obligations”), and the Company shall have all other rights and remedies available under this Agreement, at law or in equity. 

3.2.2 Cause Definition. “Cause” shall solely be defined as: 

(a) fraud, misappropriation, embezzlement or other act of material misconduct against the Company; 

(b) substantial, continuing and willful failure to render services in accordance with the terms of this Agreement;

 (c) knowing violation of any laws, rules or regulations of any governmental or regulatory body material to the
business of the Company; or 
 (d) conviction of or a plea of nolo contendere to a felony or a crime
involving moral turpitude, or a charge or indictment of a felony or of any crime involving moral turpitude the defense of which renders Employee substantially unable to perform his services hereunder. 

3.3 Termination on Account of Death or Permanent Disability. 

3.3.1 Separation Benefits. If Employee dies or is terminated due to Permanent Disability, then following his death or such
termination due to Permanent Disability, the Company shall pay or provide to Employee (or, in the case of death, to such person or persons as Employee shall have designated for that purpose in a notice filed with the Company, or, if no such person
shall have been so designated, to his estate (the “Employee’s Beneficiary”)) the Accrued Obligations payable as described in Section 3.2.1. In addition, in the case of death or termination due to Permanent
Disability, the Company shall pay or provide to Employee or (y) in the case of death, the Company shall pay or provide to the Employee’s Beneficiary, the following: (a) periodic payments equal to seventy-five percent (75%) of
Employee’s Base Salary in effect as of the date of his death or termination due to Permanent Disability (reduced to the 

 
extent that any disability benefit provided by the Company exceeds 25% of Employee’s Base Salary or increased, but to not more than 100% of Employee’s Base Salary, to the extent that
any disability benefit provided by the Company is less than 25% of Employee’s Base Salary), which shall be payable in monthly installments and in accordance with the Company’s standard payroll practices, subject to Section 5.4,
for a period of twelve (12) months following the Employee’s death or termination due to Permanent Disability; (b) the Welfare Benefits Payment, as defined in Section 3.5.4; (c) medical and dental benefits to Employee
(in the case of termination due to Permanent Disability) and/or his covered dependents (in the case of death or termination due to Permanent Disability and in either case to the extent applicable) upon the same terms and conditions as if Employee
continued to remain an active employee of the Company for a period of twelve (12) months following the date of such termination due to death or Permanent Disability, subject to Employee (or his dependents, in the case of Employee’s death)
timely electing coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA Coverage”); and (d) the payment of the Annual Bonus as specified in Section 4.2. Employee shall be
entitled to receive his standard employment compensation and benefits described in Section 1 (reduced by the amount of any disability benefits paid to the Employee under any disability plan maintained by the Company) from the time the
Employee has suffered a physical or mental impairment until such time the Employee has been terminated due to death or a Permanent Disability. 
 3.3.2 Permanent Disability Definition. “Permanent Disability” shall mean any medically determinable physical or mental impairment that can be expected to result in death or
can be expected to last for a continuous period of not less than twelve (12) months. Termination due to Permanent Disability shall mean a termination of Employee’s employment by the Company, based upon the Company’s determination in
good faith that Employee has incurred a Permanent Disability. 
 3.4 Voluntary Termination by Employee.
Employee may terminate his employment by Company at any time without Good Reason upon sixty (60) days’ advance written notice to the Company; provided, however, in the event of such termination of employment under this
Section 3.4, (i) Employee (or his heirs, executors or administrators) shall continue to be bound by any provisions of this Agreement that expressly survive termination of this Agreement, (ii) the Company shall have no further
obligation hereunder from and after the effective date of such termination, except for payment of the Accrued Obligations as described in Section 3.2.1, and (iii) the Company shall have all other rights and remedies available under
this Agreement, at law or in equity. 
 3.5 Termination by Employee for Good Reason or by Company without Cause.

 3.5.1 Termination by Employee for Good Reason. Employee may terminate his employment with the Company for Good
Reason upon written notice to the Company, provided, however, that in order for Employee to have a termination of employment for Good Reason, the Company must have failed to remedy the event or condition constituting Good Reason within
thirty (30) days following receipt of notice pursuant to Section 3.5.5 (or, in the case of any event or condition (or events or conditions) which is capable of cure, but not reasonably within such thirty (30) day period, then
the Company must have failed to commence efforts to cure within such thirty (30) day period and, thereafter, must have failed to continue diligently in good faith its efforts to cure until such cure is effected). 

 3.5.2 Termination without Cause. The Company may terminate Employee’s
employment without Cause upon sixty (60) days’ advance written notice to Employee. 
 3.5.3 Separation
Benefits. In the event that Employee’s employment with the Company is terminated by Employee for Good Reason or by the Company without Cause, the Company shall pay or provide to Employee the Accrued Obligations payable as described
in Section 3.2.1 and the payments described in Section 4.2. In addition, the Company shall pay or provide to Employee the following: (a) the Severance Payment, as set forth in Section 3.5.4; (b) the
Welfare Benefits Payment, as set forth in Section 3.5.4; (c) medical and dental benefits to Employee and/or his covered dependents (to the extent applicable) upon the same terms and conditions as if Employee continued to remain an
active employee of the Company for the severance period; and (d) the payment of the prorated Annual Bonus specified in Section 4.2 (in all events below determined without regard for any diminution of such coverage constituting Good
Reason for his resignation hereunder). Further, Employee shall be entitled to continued participation in certain welfare plans as described in Section 4.3. In addition, Employee and the Company shall continue to be bound by any
provisions of this Agreement that expressly survive termination of this Agreement. 
 3.5.4 Severance and Welfare Benefits
Payment. For purposes of this Agreement, “Severance Benefits” shall represent a payment in amount equal to the Base Salary (as in effect immediately before such termination, without taking into account any diminution in Base
Salary constituting Good Reason for his resignation hereunder) and “Welfare Benefits Payment” shall represent a lump sum cash payment, payable sixty (60) days following the Employee’s termination of employment, equal to
the present value of the cost to the Company for providing life and disability insurance benefits to Employee, based upon the cost immediately preceding such termination, for a period of twelve (12) months. The Severance Payment shall be
divided into substantially equal monthly cash payments, which shall be payable in monthly installments and in accordance with the Company’s standard payroll practices, subject to Section 5.4, for a period of twelve (12) months
following the date of such termination. The Company will pay all applicable payroll taxes related to such payments and shall withhold the Employee’s payroll taxes. 
 3.5.5 Good Reason Definition. “Good Reason” shall mean the occurrence, without Employee’s express written consent, of any of the following events, provided that
Employee shall have given the Company written notice that circumstances that Employee believes potentially constitute one of the following Good Reason events exist no later than ninety (90) days after the date that such circumstances come into
existence, with specific explanation of the circumstances and the provision of this definition under which Good Reason has arisen: 
 (a) a substantial reduction in Employee’s status, title, position or authority at the Company such that Employee is no longer the Chief Clinical Officer of the Company; 

 (b) a reduction in the Base Salary or the target amount of any Annual Bonus
which represents or will represent, in any 12-month period following such reduction, a reduction of $20,000 in either Base Salary, target Annual Bonus, or the aggregate of Base Salary and target Annual Bonus; 

(c) the requirement that Employee render services outside of Los Angeles County, California or the relocation of the
Company’s headquarters outside of Los Angeles County, California; provided, however, that the foregoing shall not apply as to reasonable business travel commensurate with Employee’s position; 

(d) any material breach by the Company of any provision of this Agreement; or 

(e) failure to maintain Employee’s professional license in the State of California, or any sanction or formal
reprimand of Employee by the California Board of Medical Quality Assurance. 
 After receipt of Employee’s notice under this
Section 3.5.5, Employee’s continued employment shall not, subject to the requirements under this Section 3.5.5, constitute consent to, or a waiver of rights with respect to, any event or condition constituting Good
Reason. Any termination of Employee’s employment for Good Reason as a result of such event or condition must occur no later than the second anniversary of the date that such condition initially arose. At any time after such notice has been
given and Good Reason exists (and has not been cured), the Company may not terminate Employee’s employment due to Permanent Disability under Section 3.3. 
 3.5.6 Release. Notwithstanding anything in this Agreement to the contrary, Employee’s right to receive any separation benefits under Section 3.3.1 following a termination
due to Permanent Disability or under Section 3.5.3 following a Termination by Employee for Good Reason or by the Company without Cause excluding, in each case, any Accrued Obligations, shall be contingent upon (i) Employee having
executed and delivered to the Company a release in such form as provided by the Company not later than the date set forth in the release (but in no event more than 45 days after the date of termination) (the “Consideration Period”),
(ii) Employee not revoking such release in accordance with the terms of the release and (ii) the Employee not violating any of the Employee’s on-going obligations under this Agreement; provided, however, that the Company
has the discretion to pay to the Employee the separation benefits under Section 3.3.1 and Section 3.5.3, as applicable, prior to the Company’s receipt of the release and/or the expiration of the release revocation
period; provided further that if the Employee does not execute and deliver a release to the Company prior to the expiration of the Consideration Period or if the Employee revokes the release in accordance with its terms, the Employee
shall pay to the Company within 10 days following the expiration of the Consideration Period or the date such release was revoked, a lump sum payment of all separation benefits received by Employee to date (excluding any Accrued Obligations).

 OTHER PAYMENTS AND BENEFITS 

ARTICLE IV 
 4.1 Malpractice Insurance. The Company shall maintain professional liability insurance for Employee upon the same terms as other physicians employed by the Company. Upon expiration or
termination of this Agreement for any reason, Company will indemnify Employee for professional liability claims for services (i) solely related to or arising from services provided by Employee under the terms of this Agreement,
(ii) occurring during the period of employment, and (iii) reported either during the Term or after termination of employment, up to amounts provided for other physicians then employed by the Company in the practice. Company agrees that if,
for any reason, Company shall require Employee to obtain “tail insurance” at the termination of his/her employment hereunder, Company shall pay the entire cost of such insurance directly to the provider of such coverage. 

4.2 Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment due to
death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, Employee (or his beneficiaries following his death) shall be entitled to receive a pro rata portion of his Annual Bonus for the fiscal year
in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to
the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so
earned shall be made by March 15 of the year following the year of Employee’s termination. For any Contract Year which ends with the non-renewal of this Agreement by the Company, the Annual Bonus for the fiscal year in progress at the end
of such Contract Year shall be payable in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.2. 
 4.3 Commitment Regarding Continued Participation in Welfare Plans. In the event of a termination of Employee’s employment following age 55 and five years of employment with the Company
due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, the Company will in good faith use its best efforts to permit Employee (or his dependents, in the case of Employee’s death) to
continue to participate in the Company’s employee and dependent group medical and dental benefit programs, upon the same terms and conditions as if Employee continued to remain an active employee of the Company, for a period until both Employee
and his spouse at the time of termination become eligible for Medicare coverage. 
 ARTICLE V 

MISCELLANEOUS 
 5.1 Dispute Resolution Procedure. 
 5.1.1 Arbitration.
The parties agree that any dispute arising out of or related to the employment relationship between them, including the termination of that relationship, shall be resolved by binding arbitration, except where the law specifically forbids the use
of arbitration as a final and binding remedy. 

 5.1.2 Statement of Grievance. The party claiming to be aggrieved shall furnish
to the other party a written statement of the grievance identifying any witnesses or documents then reasonably known to that party that support the grievance and the relief requested or proposed. 

5.1.3 Mediation. If within thirty (30) days after the written statement of grievance the other party does not agree to
furnish the relief requested or proposed, or otherwise does not satisfy the demand of the party claiming to be aggrieved, the other party shall provide a statement of reasons, identifying witnesses or documents then reasonably known to that party in
support of its position. Either party may then submit the dispute to nonbinding mediation before a mediator to be jointly selected by the parties within fourteen (14) business days thereafter. The Company will pay the cost of the mediation.
Such mediation shall be completed within sixty (60) days of the submission of the dispute to a mediator. 
 5.1.4
Arbitration Proceeding. If the mediation does not produce a resolution of the dispute, or if the parties fail to cooperate with such mediation, the Company and Employee agree that final and binding arbitration will be the exclusive
remedy for any employment related dispute between them which is based on a legally protected right, including without limitation, any common law claims such as breach of contract or commission of a tort, and any claims arising under the federal,
state or local civil rights laws, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans With Disabilities Act, the Age Discrimination in Employment Act, the Family and Medical Leave Act, 42 U.S.C. § 1981, the
Worker Adjustment or Retraining Notification Act, the California Fair Employment & Housing Act, the California Family Rights Act, California’s Pregnancy Disability Leave law, and all other federal, state or local employment related
statutes, ordinances and common law. Employee acknowledges that Employee waives the right to litigate the foregoing employment related legal claims in a judicial forum before a judge or jury. 

This arbitration provision does not apply to any Employee claim for workers’ compensation benefits (with the exception of claims
pursuant to California Labor Code section 132a), claims under the National Labor Relations Act, unemployment compensation benefits or denial of benefits pursuant to the Employee Retirement Income Security Act of 1974, as amended, or to the filing of
Employee charges with government agencies. 
 5.1.5 Claim Initiation/Time Limits. A party must notify the other
party in writing at the addresses indicated below of a request to arbitrate a dispute within the same statute of limitations applicable to the legal claim asserted. The written request for arbitration must specify: (i) the factual basis on
which the claim is made; (ii) the statutory provision or legal theory under which the claim is made; and (iii) the nature and extent of any relief or remedy sought. 
 5.1.6 Procedures. Arbitration will be before a single arbitrator in Los Angeles, California, unless the parties mutually agree to hold the arbitration in a different location. The
arbitration will be administered in accordance with the Employment Dispute Rules of the 

 
American Arbitration Association (“AAA”), a copy of which is available upon request to the Company. If the parties cannot agree on an arbitrator, then the AAA rules will
govern selection. The Company will pay the fees of the AAA and the arbitrator. However, in the event Employee requests an arbitration, Employee will be required to contribute an amount equal to the fee required to file a complaint of the same type
in the state court which is geographically closest to the site of the arbitration. Employee and the Company may be represented by counsel of their choosing at their own expense. However, the arbitrator may award attorneys’ fees and costs to a
prevailing party if authorized by the statute or common law under which the claim is made. 
 5.1.7 Responsibilities of
Arbitrator. The arbitrator will act as the impartial decision maker of any claims that come within the scope of this arbitration provision. The arbitrator will have the powers and authorities provided by the Employment Dispute Resolution
Rules of the AAA and the statute or common law under which the claim is made. For example, the arbitrator will have the power and authority to include all remedies in the award available under the statute or common law under which the claim is
made including, without limitation, the issuance of an injunction. The arbitrator will apply the elements and burdens of proof, mitigation duty, interim earnings offsets and other legal rules or requirements under the statutory provision or common
law under which such claim is made. The arbitrator will permit reasonable pre-hearing discovery. The arbitrator will have the power to issue subpoenas. The arbitrator will have the authority to issue a summary disposition if there are no material
factual issues in dispute requiring a hearing and the Company or Employee is entitled to an award in its or his favor. The arbitrator will issue a signed written opinion and award that will include findings of fact and conclusions of law. If any
monetary award is made, the arbitrator will specify the elements and factual basis for calculating the amount. The arbitrator’s award will be enforceable, and a judgment may be entered thereon, in a federal or state court of competent
jurisdiction. The decision of the arbitrator will be final and binding; provided, however, limited judicial review may be obtained in a court of competent jurisdiction: (i) on any ground referred to in the Federal Arbitration Act,
9 U.S.C. § 1 et seq.; (ii) where the findings of fact are not supported by substantial evidence; or (iii) where the arbitrator’s conclusions of law are erroneous. 

5.2 Notices. Whenever notice is to be served hereunder, service shall be made personally, by facsimile transmission, by
overnight courier or by registered or certified mail, return receipt requested. All postage and other delivery charges shall be prepaid by the party sending the notice. Notice shall be effective only upon receipt by the party being served, except
notice shall be deemed received seventy-two (72) hours after posting by the United States Post Office, by method described above. Confirmation of receipt of any facsimile sent must be received in order to presume that the transmission was
received. All notices shall be sent to the addresses described below unless changed by written notice pursuant to the terms of this Section 5.2: 
  

	
	 To the Company:

	 IPC The Hospitalist Company

	 4605 Lankershim Boulevard, Suite 617

	 North Hollywood, CA 91602

	 Attention: President

	 Facsimile: (818) 766-3999

	
	 To Employee:

	 Kerry Evan Weiner, M.D.

	 3208 Dona Emilia Dr.

	 Studio City, CA 91604

 5.3 Determinations by the Board or the Committee. Except as specifically provided herein to the contrary, with respect to any determinations to be made by the Board or the Committee in
connection with Employee’s employment (or termination of employment) hereunder, Employee shall not have the right to participate in the deliberations of such determination and shall abstain from any vote of the Board or the Committee with
respect thereto. 
 5.4 Section 409A. 

5.4.1 General. This Agreement is intended to comply with the requirements of Section 409A of the Code, and shall be
interpreted and construed consistently with such intent. The payments to Employee pursuant to this Agreement are also intended to be exempt from Section 409A of the Code to the maximum extent possible, under either the separation pay exemption
pursuant to Treasury regulation §1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury regulation §1.409A-1(b)(4), and for purposes of the separation pay exemption, each installment paid to Employee under this Agreement shall
be considered a separate payment. In the event the terms of this Agreement would subject Employee to taxes or penalties under Section 409A of the Code (“409A Penalties”), the Company and Employee shall cooperate diligently to
amend the terms of the Agreement to avoid such 409A Penalties, to the extent possible; provided that in no event shall the Company be responsible for any 409A Penalties that arise in connection with any amounts payable under this Agreement.
To the extent any amounts under this Agreement are payable by reference to Employee’s “termination of employment” such term and similar terms shall be deemed to refer to Employee’s “separation from service,” within the
meaning of Section 409A of the Code. Notwithstanding any other provision in this Agreement, if Employee is a “specified employee,” as defined in Section 409A of the Code, as of the date of Employee’s separation from service,
then to the extent any amount payable under this Agreement (i) constitutes the payment of nonqualified deferred compensation, within the meaning of Section 409A of the Code, (ii) is payable upon Employee’s separation from service
and (iii) under the terms of this Agreement would be payable prior to the six-month anniversary of Employee’s separation from service, such payment shall be delayed until the earlier to occur of (a) the six-month anniversary of the
separation from service or (b) the date of Employee’s death. Any reimbursement payable to Employee pursuant to this Agreement shall be conditioned on the submission by Employee of all expense reports reasonably required by the Company
under any applicable expense reimbursement policy, and shall be paid to Employee in accordance with the Company’s procedures covering expense reimbursements, but in no event later than the last day of the calendar year following the calendar
year in which Employee incurred the reimbursable expense. Any amount of expenses eligible for reimbursement, or in-kind benefit provided, during a calendar year shall not affect the amount of expenses eligible for reimbursement, or in-kind benefit
to be provided, during any other calendar year. The right to any reimbursement or in-kind benefit pursuant to this Agreement shall not be subject to liquidation or exchange for any other benefit. 

 5.4.2 Other Provisions. 

(a) No Influence on Year of Payment. In the case of any payment under the Agreement payable during a specified period of
time following a termination of employment or other event, if such permitted payment period begins in one calendar year and ends in a subsequent calendar year, Employee shall have no right to elect in which year the payment will be made, and the
Company’s determination of when to make the payment shall not be influenced in any way by Employee. 
 (b) Good
Reason. The definition of “Good Reason” in Section 3.5.5 is intended to meet requirements so that a termination for Good Reason will constitute an “involuntary separation” within the meaning of Treasury
Regulation § 1.409A-1(n)(2)(i), and shall be so construed and interpreted. 
 (c) Non-transferability. No
right to any payment or benefit under this Agreement shall be subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by Employee’s creditors or of any of Employee’s beneficiaries.

 (d) No Acceleration. The timing of payments and benefits under the Agreement may not be accelerated to occur
before the time specified for payment hereunder, except to the extent permitted under Treasury Regulation § 1.409A-3(j)(4) or as otherwise permitted under Code Section 409A without Employee incurring a tax penalty. 

5.5 No Mitigation; No Set-Off. The Company’s obligation to make the payments provided for in this Agreement and
otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action (provided Employee enters into and does not rescind the general release provided in
Section 3.6 and subject to the proviso in the succeeding sentence) which the Company may have against Employee or others, other than any action the Company may need to take pursuant to Section 304 of the Sarbanes-Oxley Act of 2002.
In no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Employee under any of the provisions of this Agreement and such amounts shall not be reduced whether or not
Employee obtains other employment; provided that the Company’s obligation under Sections 3.3.1, 3.5.3 and 4.3 with respect to medical and dental benefits shall be limited to the extent that Employee obtains any such
medical or dental benefits from another employer during the benefit continuation period provided thereunder, in which case the Company may reduce the coverage of any medical and dental benefits it is required to provide Employee under Sections
3.3.1, 3.5.3 and 4.3 as long as the aggregate coverages of the combined benefits provided by the Company and such other employer are comparable to the benefits to be provided to Employee by the Company under Sections 3.3.1,
3.5.3 and 4.3. The provisions of this Section 5.5 shall survive the expiration or earlier termination of this Agreement for any reason. 
 5.6 Assignability. The Company may assign its interest in this Agreement to any subsidiary or affiliate of the Company or in connection with a merger or sale of all or substantially all of
the assets of the Company and the provisions of this Agreement shall inure to 

 
the benefit of the successors and assigns of the Company. Employee may not assign or transfer this Agreement, it being deemed personal to Employee only; provided, however, upon
Employee’s death, Employee’s heirs, executors and/or administrators may seek collection of any sums that may have been due Employee as of Employee’s death. Subject to the above, this Agreement shall be binding upon and shall inure to
the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns. 
 5.7
Deductions. The Company shall deduct from any payment to Employee hereunder such social security insurance, federal, state and other taxes, state disability insurance and other withholdings as may be required by law. 

5.8 Severability. If any term or provision of this Agreement, or the application thereof to any person or circumstance,
shall to any extent be found to be invalid, void or unenforceable, the remaining provisions of this Agreement and any application thereof shall, nevertheless, continue in full force and effect without being impaired or invalidated in any way.

 5.9 Waiver. No waiver of any term, provision or condition of this Agreement, whether by conduct or otherwise,
in any one or more instances, shall be deemed to be or be construed as a further or continuing waiver of any such term, provision or condition or as a waiver of any other term, provision or condition of this Agreement. 

5.10 Headings. The headings herein used are for convenience purposes only and shall not be used to construe the meaning of
this Agreement in any respect. 
 5.11 Entire Agreement. This Agreement, together with the Exhibits and any
extensions or renewals hereof, constitutes the parties’ entire Agreement with respect to the subject matter hereof and supersedes all prior statements or agreements, both written and oral except for award agreements related to grants of
equity-based compensation to Employee. This Agreement may be amended only by a writing signed by the parties. 
 5.12
Governing Law. The validity, interpretation and construction of this Agreement, and all other matters related to the Agreement, shall be interpreted and governed by the laws of the State of California. 

5.13 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original
instrument and all of which together shall constitute the same instrument. 
 5.14 Acknowledgements. Employee and
the Company each acknowledge and represent to the other that each of them (a) has carefully read and understands this Agreement, (b) has had the opportunity to consult with legal counsel prior to executing this Agreement,
(c) understands the legal effect and binding nature of this general Agreement, and (d) is acting voluntarily (and not as a result of any threats or coercion) and with full knowledge of their actions in executing this Agreement, with the
intent of being bound by this Agreement. 
 5.15 Future Cooperation. Following the end of the Term, as the Company
in its sole discretion deems necessary to effectuate a smooth transition, or in connection with any and all claims, disputes, negotiations, investigation, lawsuits or administrative proceedings involving the

 
Company, Employee agrees to make himself available, upon reasonable notice from the Company, and without the necessity of subpoena, to provide information or documents, provide declarations or
statements to the Company, meet with attorneys or other representatives of the Company, prepare for and give depositions or testimony, render consulting services and/or otherwise cooperate in the investigation, defense or prosecution of any or all
such matters. Separate from any compensation provided pursuant to any other provision of this Agreement, the Company agrees that if the provision of such services is more than 5% of the average level of services performed by Employee for the
Company and its affiliated “service recipients” (within the meaning of Treasury regulation §1.409A-1(h)(3)) over the immediately preceding 36-month period, the Company shall promptly compensate Employee at the rate of $500 per hour,
and will reimburse Employee for reasonable out of pocket expenses. Any additional fees or reimbursement payable pursuant to this Section 5.15 shall be paid as soon as administratively feasible, but in all cases, no later than
March 15 of the year following the year in which such fees are earned or such expense is incurred. This Section 5.15 shall survive the termination of this Agreement. Notwithstanding any other provision in this Agreement, in no event
shall the level of services to be provided by the Employee pursuant to this Section 5.15 exceed more than 20% of the average level of services performed by the Employee for the Company and its affiliated “service recipients”
over the immediately preceding 36-month period. 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement,
effective as of the date first above written, by their duly authorized representatives. 
  

							
	COMPANY	 		 	 IPC THE HOSPITALIST COMPANY, INC.,
 a Delaware corporation

				
		 		 	By:	 	 /s/ Adam D. Singer, M.D.

		 		 	Title:	 	 Chief Executive Officer

			
	EMPLOYEE	 		 	 /s/ Kerry E. Weiner M.D.

		 		 	KERRY E. WEINER, M.D.

 EXHIBIT A 
 GENERAL RELEASE 
 For a valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the undersigned does hereby release and forever discharge the “Releasees” hereunder, consisting of IPC The Hospitalist Company, and each of its subsidiaries, associates, affiliates, successors, heirs, assigns,
agents, managers, directors, officers, employees, representatives, lawyers, insurers, and all persons acting by, through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action,
in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims, demands, damages, losses, costs, attorneys’ fees or expenses, of any nature whatsoever, known or unknown, fixed or contingent to the extent
permissible under applicable law (hereinafter called “Claims”), which the undersigned now has or may hereafter have against the Releasees, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of
time to the date hereof. The Claims released herein include, without limiting the generality of the foregoing, any Claims in any way arising out of, based upon, or related to the employment or termination of employment of the undersigned by the
Releasees, or any of them; any alleged breach of any express or implied contract of employment; any alleged torts or other alleged legal restrictions on Releasee’s right to terminate the employment of the undersigned; and any alleged violation
of any federal, state or local statute or ordinance including, without limitation, Title VII of the Civil Rights Act of 1964, the Age Discrimination In Employment Act, the Americans With Disabilities Act, and the California Fair Employment and
Housing Act. 
 THE UNDERSIGNED ACKNOWLEDGES THAT HE HAS BEEN ADVISED BY LEGAL COUNSEL AND IS FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL
CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT
KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 
 THE UNDERSIGNED, BEING AWARE OF SAID CODE SECTION, HEREBY EXPRESSLY WAIVES ANY RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT. 

IN ACCORDANCE WITH THE OLDER WORKERS BENEFIT PROTECTION ACT OF 1990, THE UNDERSIGNED IS HEREBY ADVISED AS FOLLOWS: 

(A) HE HAS THE RIGHT TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS RELEASE; 
 (B) HE HAS FORTY FIVE (45) DAYS TO CONSIDER THIS RELEASE BEFORE SIGNING IT; AND 

 (C) HE HAS SEVEN (7) DAYS AFTER SIGNING THIS RELEASE TO REVOKE THIS RELEASE, AND THIS RELEASE WILL
BECOME EFFECTIVE UPON THE EXPIRATION OF THAT REVOCATION PERIOD. 
 The undersigned further understands and agrees that neither the payment of
any sum of money nor the execution of this Release shall constitute or be construed as an admission of any liability whatsoever by the Releasees, or any of them, who have consistently taken the position that they have no liability whatsoever to the
undersigned. 
 IN WITNESS WHEREOF, the undersigned has executed this Release this      day of
                    ,         .IPC The Hospitalist Company, Inc. Executive Change in Control Plan

 Exhibit 10.2 
 IPC The Hospitalist Company 
 EXECUTIVE CHANGE IN CONTROL PLAN

 (for Eligible Employees selected as Participants on or after March 3, 2011) 

The purpose of this IPC The Hospitalist Company Executive Change in Control Plan (the “Plan”) is to secure the continued
services of certain senior executives of IPC The Hospitalist Company and to ensure their continued dedication to their duties in the event of any threat or occurrence of a Change in Control of the Company. The Plan was approved by the Board of
Directors on March 3, 2011 (the “Effective Date”). Participants in this Plan shall consist of such Eligible Employees selected by the Compensation Committee to participate in the Plan on or after March 3, 2011. 

ARTICLE I 

DEFINITIONS 
 Section 1.1 Definitions 
 Whenever used in this Plan, the following
capitalized terms shall have the meanings set forth in this Section 1.1. Certain other capitalized terms are defined elsewhere in this Plan. 
 (a) “Annual Target Bonus Amount” means the annual target bonus for each Participant, if any, as set by the Compensation Committee in accordance with the Company’s annual bonus plan or
policy for the calendar year in which the Participant incurs a termination of employment. 
 (b) “Base Salary” means
(i) for a Participant who has an individual employment agreement with the Company, the annual base salary as specified in such employment agreement as in effect during the calendar year in which the Participant incurs a termination of
employment (including any increases approved prior to the termination of employment by the Compensation Committee), or (ii) for a Participant who does not have an individual employment agreement with the Company, the base salary shall equal the
product of (x) the monthly salary as in effect during the last full month prior to the month in which the Participant incurs a termination of employment multiplied by (y) twelve (12). 

(c) “Board” means the Board of Directors of the Company. 

(d) “Cash Severance Payment” means the cash payment of severance compensation as provided in Section 3.2. 

(e) “Cause” means: 
 (i) the willful and continued failure by a Participant to substantially perform his or her duties for the Company (other than any such failure resulting from his or her incapacity due to physical or
mental illness or any such failure subsequent to the delivery of a notice of the Company’s intent to terminate the Participant’s employment without Cause or subsequent to the expiration of the Company’s remedy period following the
Participant’s delivery to the Company of a notice of his or her intent to terminate employment for Good Reason), and such willful and continued failure continues after a demand for substantial performance is delivered to the Participant by the
Company which specifically identifies the manner in which the Participant has not substantially performed his or her duties; or 
 (ii) the willful engaging by the Participant in illegal conduct or gross misconduct which is injurious to the business or reputation of the Company. 

For purposes of determining whether “Cause” exists, no act or failure to act on the part of the Participant shall be considered
“willful” unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in, or not opposed to, the best interests of the Company. Any act, or failure to act, based upon authority given
pursuant to a resolution duly adopted by the Board, based upon the advice of counsel for the Company or upon the instructions to a Participant by a more senior officer of the Company shall be conclusively presumed to be done, or omitted to be done,
in good faith and in the best interests of the Company. The Company must notify the Participant of any event constituting Cause within ninety (90) days following the Company’s knowledge of its existence or such event shall not constitute
Cause under this Plan. Notwithstanding the foregoing, with respect to a Participant who has entered into an employment agreement with the Company, “Cause” shall have the meaning specified in such agreement. 

 (f) “Change in Control” means (a) the acquisition by any Person of voting
Shares which result in such Person being the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of more than fifty percent (50%) of the outstanding voting Shares; provided, however, a Change in Control shall not
be deemed to occur solely because more than fifty percent (50%) of the outstanding voting Shares is beneficially owned by (i) a trustee or other fiduciary holding securities under one or more employee benefit plans maintained by the
Company or any of its subsidiaries, or (ii) any Person which, immediately prior to such acquisition, is owned directly or indirectly by the stockholders of the Company in approximately the same proportion as their ownership of voting Shares
immediately prior to such acquisition; (b) a merger, consolidation or other reorganization involving the Company if the stockholders of the Company and their affiliates, immediately before such merger, consolidation or other reorganization, do
not, as a result of such merger, consolidation, or other reorganization, own directly or indirectly, more than fifty percent (50%) of the combined voting power of the then outstanding voting shares of the entity resulting from such merger,
consolidation or other reorganization; (c) a complete liquidation or dissolution of the Company; or (d) the sale or other disposition of all or substantially all of the assets of the Company and its subsidiaries determined on a
consolidated basis. 
 (g) “Change in Control Period” means the period described in Section 8.7 hereunder.

 (h) “Code” means the Internal Revenue Code of 1986, as amended. 

(i) “Committee” means the committee appointed by the Chief Executive Officer of the Company to administer the Plan pursuant to
Section 7.1. 
 (j) “Common Stock” means common stock, par value $.001 per share, of the Company. 

(k) “Company” means IPC The Hospitalist Company, a Delaware corporation, any successor or assignee as provided in Article V and
any Subsidiary, as applicable. 
 (l) “Compensation” means a Participant’s Base Salary plus Annual Target
Bonus Amount for the year in which the termination of employment occurs (determined without regard to any diminution in such Base Salary or Annual Target Bonus Amount that constitutes Good Reason for Participant’s resignation or would
constitute such Good Reason but for the fact that it is less than the specified materiality threshold ($20,000)). Notwithstanding anything herein to the contrary, “Compensation” shall not include a Participant’s income from the
grant or vesting of restricted stock, or from the grant, vesting, or exercise of stock options, or any other awards under any of the Company’s equity incentive plans. 
 (m) “Compensation Committee” means the compensation committee of the Board. 
 (n) “Disability” means a Participant’s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to
result in death or can be expected to last for a continuous period of not less than twelve (12) months, as determined by the Committee. Notwithstanding the foregoing, with respect to a Participant who has entered into an employment agreement
with the Company, “Disability” shall have the meaning specified in such agreement as “Disability” or “Permanent Disability.” 
 (o) “Eligible Employee” means a regular full-time salaried employee of the Company who is a member of a select group of management or highly compensated employees of the Company. 

(p) “Employee Grade” means Grade 1 or Grade 2, as assigned to a Participant by the Compensation Committee in accordance with
Article II. 
 (q) “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

(r) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(s) “Good Reason” means the occurrence, without a Participant’s express written consent, of any of the following events,
provided that the Participant shall have given the Company written notice that circumstances that Employee believes potentially constitute one of the following Good Reason events exist no later than ninety (90) days after the date that such
circumstances come into existence, with specific explanation of the circumstances and the provision of this definition under which Good Reason has arisen: 

 (i) a reduction by the Company of a Participant’s Base Salary and
Annual Target Bonus Amount (if any) as in effect immediately before a Change in Control which represents or will represent, in any 12-month period following such reduction, a reduction of $20,000 in either Base Salary, Annual Target Bonus Amount, or
the aggregate of Base Salary and Annual Target Bonus Amount; 
 (ii) (A) any material and adverse change in
a Participant’s authority, duties and responsibilities as in effect immediately before the Change in Control, or a material and adverse change, after the occurrence of a Change in Control, in the duties, responsibilities, authority or the
managerial level of the individual or body of individuals to whom a Participant reports; provided, however, that Good Reason shall not be deemed to occur upon a change in duties or responsibilities (other than reporting
responsibilities) that is solely and directly a result of the Company no longer being a publicly traded entity and does not involve any other event set forth in this paragraph (ii), or (B) a material and adverse change in a Participant’s
titles or offices (excluding, if applicable, membership on the Board) with the Company as in effect immediately prior to a Change in Control; 
 (iii) the Company’s requiring a Participant to be based more than fifty (50) miles from the location of such Participant’s place of employment immediately before a Change in Control, except
for normal business travel in connection with the Participant’s duties with the Company; or 
 (iv) the
failure of the Company to obtain the assumption agreement from any successor as contemplated in Article V hereof prior to the effectiveness of any transaction that results in such successor. 
 Good Reason shall not exist unless, following receipt by the Company of the Participant’s notice under this Section 1.1(s), the Company is provided with thirty (30) days to remedy the
circumstances that would constitute Good Reason. After receipt, a Participant’s continued employment shall not, subject to the requirements under this Section 1.1(s), constitute consent to, or a waiver of rights with respect to, any event
or condition constituting Good Reason; provided that any termination of a Participant’s employment for Good Reason as a result of such event or condition must occur no later than the second anniversary of the date that such condition initially
arose. At any time after such notice has been given and Good Reason exists (and has not been cured), a termination of Employee’s employment due to Disability shall be deemed a termination by the Company not for Cause and not a termination due
to Disability. Notwithstanding the foregoing, with respect to a Participant who has entered into an employment agreement with the Company, “Good Reason” shall have the meaning specified in such agreement. 

(t) “Multiplier” for each Employee Grade shall be the number set forth opposite such Employee Grade below: 

 

					
	 Employee Grade
	  	Multiplier	 
	 Grade One
	  	 	1.5	  
	 Grade Two
	  	 	1.0	  

 (u)
“Participant” means an Eligible Employee designated by the Compensation Committee to participate in the Plan pursuant to Article II; provided, however, that with respect to an Eligible Employee who has not entered into an
employment agreement with the Company, such Eligible Employee shall not become a Participant eligible to receive any benefits under the Plan until the Employee has executed a copy of, and delivered to the Company, the Restrictive Covenant Agreement
attached as Exhibit “A.” 
 (v) “Person” means any individual, sole proprietorship, corporation,
partnership, joint venture, limited liability company, association, joint-stock company, trust, unincorporated organization, institution, public benefit corporation, entity or government instrumentality, division, agency, body or department.

 (w) “Release” means, (i) with respect to a Participant who has entered into an employment agreement with the
Company that has a release attached as an exhibit to such employment agreement, such release, or (ii) with respect to a Participant who has not entered into an employment agreement with the Company or who has entered into an employment
agreement that does not have a release attached as an exhibit, a release acceptable to the Company and in a form substantially similar to the Separation and General Release Agreement attached hereto as Exhibit “B.” 

 (x) “Separation from Service” means a Participant’s termination of employment
from the Company which constitutes a “separation from service,” as such term is defined under Section 409A of the Code and applicable guidance and regulations thereunder, including Treasury Regulation § 1.409A-1(h). References to
“termination of employment” hereunder mean a Participant’s Separation from Service and shall be interpreted in a way consistent with Treasury Regulation § 1.409A-1(h) and other applicable guidance and regulations under
Section 409A. 
 (y) “Severance Benefit” means the Cash Severance Payment and all other payments and benefits as
provided in Article III. 
 (z) “Severance Period” for each Employee Grade shall be the number set forth opposite such
Employee Grade below: 
  

					
	 Employee Grade
	  	Severance
Period	 
	 Grade One
	  	 	18 Months	  
	 Grade Two
	  	 	12 Months	  

 (aa)
“Share” means a share of the Common Stock. 
 (bb) “Subsidiary” means any corporation or
other Person, a majority of the voting power, equity securities or equity interest of which is owned directly or indirectly by the Company. 
 ARTICLE II 
 ELIGIBILITY 

The Compensation Committee shall designate Eligible Employees to participate in the Plan, the date on which such Eligible Employee’s
participation shall commence and the appropriate Employee Grade for such Eligible Employee, in each case, at the Compensation Committee’s sole discretion. 
 ARTICLE III 
 SEVERANCE BENEFITS 

Section 3.1 Right to Severance Benefit; Release 
 Subject to the execution and delivery by the Participant of the Release, and to such Release becoming effective, the Participant shall be eligible to receive (i) a Cash Severance Payment from the
Company in the amount provided in Section 3.2 at such time as provided in Section 3.4, and (ii) such other benefits and rights provided in Sections 3.5, 3.6 and 3.8, in each case provided that the Participant incurs a termination of
employment from the Company within ninety (90) days immediately preceding or eighteen (18) months immediately following the occurrence of a Change in Control for any reason other than: 

(a) Death 
 (b)
Disability, 
 (c) Termination by the Company for Cause, or 

(d) Voluntary termination by the Participant for other than Good Reason. 

Section 3.2 Amount of Cash Severance Payment 
 The amount of the Cash Severance Payment shall equal the product of the Participant’s Compensation multiplied by the Multiplier for the Participant’s Employee Grade, less applicable
withholdings. 

 Section 3.3 Offset for Payments Under Employment Agreement or Other Arrangement with
Company; No Mitigation. 
 Notwithstanding anything herein to the contrary, any Severance Benefit payable or benefit provided
to a Participant hereunder shall be reduced, in accordance with Section 409A of the Code, by the amount of severance payments and comparable benefits to which the Participant is entitled under any plan or program sponsored by the Company or
under any similar arrangement entered into by the Company and the Participant, including, but not limited to, employment agreements, and shall be payable in accordance with Section 3.7; provided, however, that a payment or benefit under such
other plan or program or arrangement that is not of a type provided hereunder shall not result in a reduction of the Severance Benefit payable or benefit provided hereunder. The nature of a payment or benefit as “comparable” shall be
determined without regard to provisions specifying that payments are deemed to be “separate” payments for purposes of Section 409A of the Code. The Company acknowledges and agrees that the Participant shall be entitled to receive all
amounts due pursuant to this Article III regardless of any income which the Participant may receive from other sources following termination of employment from the Company. 
 Section 3.4 Payment of Severance Benefit 
 The Participant’s
ability to receive the Severance Benefit is contingent upon (i) the Participant executing, timely delivering to the Company and not revoking the Release provided to the Participant by the Company and (ii) the Participant’s compliance
with the restrictive covenants set forth in the employment agreement or any other agreement entered into by the Participant and the Company, including, but not limited to, the Restrictive Covenant Agreement attached as Exhibit “A;”
provided, that, if (A) a Participant does not execute or timely deliver to the Company the Release or such Release is revoked pursuant to its terms or (B) a Participant breaches any such restrictive covenant, then, in
addition to other available remedies provided in any agreement entered into between the Participant and Company or under applicable law, such Participant shall cease to be eligible for any Severance Benefit or other benefits under this Plan, and,
upon the Company’s written request, must promptly repay to the Company any Severance Benefit and the monetary value of other benefits previously received under the Plan; provided further that, subject to Section 3.7,
any amount to be repaid shall be on a gross basis, without reduction for any taxes incurred. Provided that the Participant meets these conditions, the Cash Severance Payment shall be paid to the Participant, in monthly installments and in accordance
with the Company’s standard payroll practices, for the duration of the applicable Severance Period, with each applicable monthly installment equal to the Cash Severance Payment divided by the number of months in the applicable Severance Period.
The applicable Severance Period shall commence on the day immediately following the date of the Participant’s termination of employment; provided, however, that, in the case of the Participant’s qualifying termination of
employment within 90 days preceding a Change in Control, Participant shall receive within 30 days following the Change in Control a lump sum payment equal to the portion of the Cash Severance Payment attributable to the period preceding and the
month of the Change in Control and the Participant’s remaining Cash Severance Payment shall be paid in monthly installments commencing on the first day of the month following the Change in Control and shall be paid for the remainder of the
Severance Period. 
 Section 3.5 Medical and Dental Benefits Continuation 

Any Participant who is entitled to the Cash Severance Payment hereunder, shall, for the duration of the applicable Severance Period
following his or her termination of employment with the Company, be eligible to continue coverage in the medical and dental plans maintained by the Company during such period on the same terms and conditions as if the Participant remained an active
employee of the Company during such Severance Period. The coverage required by this Section 3.5 need only be provided by the Company if the Participant (on behalf of himself or herself and his or her eligible dependents) makes the appropriate
election as required by Section 4980B of the Code or any other applicable state law and otherwise complies with the requirements of Section 4980B of the Code and such other applicable state law. 

Section 3.6 Withholding of Taxes 
 The Company shall withhold from any amounts or benefits payable to the Participant under this Plan all federal, state, local, city, employment or other taxes required by applicable law to be withheld by
the Company. 
 Section 3.7 Rules for Compliance with Code Section 409A. 

This Section 3.7 serves to ensure compliance with applicable requirements of Section 409A. Certain provisions of this
Section 3.7 modify other provisions of this Plan. If the terms of this Section 3.7 conflict with other terms of the Plan, the terms of this Section 3.7 control. 

 (a) General. This Plan is intended to comply with the requirements of
Section 409A of the Code, and shall be interpreted and construed consistently with such intent; provided, however, that in no event shall the Company or any of its directors, officers, employees or advisors be responsible for any
such additional tax, interest or related tax penalties that may be imposed under Section 409A of the Code. The payments to Participants pursuant to this Plan are also intended to be exempt from Section 409A of the Code to the maximum
extent possible, under either the separation pay exemption pursuant to Treasury regulation §1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury regulation §1.409A-1(b)(4), and for purposes of the separation pay exemption,
each installment paid to a Participant under this Plan shall be considered a separate payment. Notwithstanding any other provision in this Plan, if the Participant is a “specified employee,” as defined in Section 409A of the Code, as
of the date of the Participant’s Separation from Service, then to the extent any amount payable under the Plan is payable (i) upon such Participant’s Separation from Service and (ii) under the terms of the Plan would be payable
prior to the six-month anniversary of such Participant’s Separation from Service, such payment shall be delayed until the earlier to occur of (a) the six-month anniversary of the Separation from Service and (b) the date of the
Participant’s death. Any reimbursement payable to a Participant pursuant to this Plan shall be conditioned on the submission by the Participant of all expense reports reasonably required by the Company under any applicable expense reimbursement
policy, and shall be paid to the Participant in accordance with the Company’s procedures covering expense reimbursements, but in no event later than the last day of the calendar year following the calendar year in which the Participant incurred
the reimbursable expense. Any amount of expenses eligible for reimbursement, or in-kind benefit provided, during a calendar year shall not affect the amount of expenses eligible for reimbursement, or in-kind benefit to be provided, during any other
calendar year. The right to any reimbursement or in-kind benefit pursuant to this Plan shall not be subject to liquidation or exchange for any other benefit. 
 (b) Severance Under Other Plans or Agreements; Separate Payments. If a Participant has an employment agreement or otherwise is entitled to severance payments upon a termination that also would
result in a Severance Benefit under this Plan (“Non-Plan Severance”), the amount of such Non-Plan Severance actually payable or that would have been payable if such Participant’s termination were not otherwise subject to this Plan
shall be calculated at the time of such Participant’s termination. Each installment payment that actually comprises or that would have comprised the Non-Plan Severance shall be deemed a separate payment for purposes of Section 409A (and
portions of each installment shall be deemed separate payments as provided under the terms of such Non-Plan Severance). If such Non-Plan Severance in fact is payable or is replaced by the Severance Benefit, payments thereof shall be paid in
accordance with the timing rules and other provisions of the agreement, plan or arrangement under which the Non-Plan Severance is or was to be paid. If such Non-Plan Severance is deemed to be replaced by the Severance Benefit, the portion of the
Severance Benefit that exceeds the Non-Plan Severance, including the part attributable to a higher severance multiplier and the part attributable to including the Annual Target Bonus Amount in the formula for calculating the Severance Benefit as
compared to such Non-Plan Severance, each will be deemed to be a separate payment for purposes of Section 409A.
 (c)
Other Provisions. 
 (i) No Influence on Year of Payment. In the case of any payment under the Plan
payable during a specified period of time following a termination of employment or other event, if such permitted payment period begins in one calendar year and ends in a subsequent calendar year, payment shall be made in the second taxable year.

 (ii) Good Reason. The definition of “Good Reason” in Article I is intended to meet
requirements so that a termination for Good Reason will constitute an “involuntary separation” within the meaning of Treasury Regulation § 1.409A-1(n)(2)(i), and shall be so construed and interpreted. 

(iii) Non-transferability. No right to any payment or benefit under this Plan shall be subject to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by Participant’s creditors or of any of Participant’s beneficiaries. 

(iv) No Acceleration. The timing of payments and benefits under the Plan may not be accelerated to occur before the
time specified for payment hereunder, except to the extent permitted under Treasury Regulation § 1.409A-3(j)(4) or as otherwise permitted under Code Section 409A without Participant incurring a tax penalty. 

 Section 3.8 Accelerated Vesting of Certain Equity Awards 

In the event that a Participant becomes eligible to receive a Cash Severance Payment under Section 3.2, then any equity award granted
to the Participant by the Company on or after July 1, 2007, which equity award remains outstanding immediately before the Participant’s termination of employment but has not yet become vested, other than excluded equity awards as described
below, shall not be forfeited upon the Participant’s termination of employment but instead shall become vested and, if applicable, fully exercisable at the time of such termination, subject to the requirement that the Participant timely execute
the Release and deliver it to the Company, and such Release thereafter becomes effective. In the event of such termination of employment, equity awards subject to performance-based vesting conditions shall be deemed satisfied at target performance
levels. Equity awards granted by the Company after the effectiveness of this Plan may be excluded from the operation of this Section 3.8 if the Board of Directors or the committee thereof authorizing the grant specifically provides, in the
agreement evidencing the equity award and delivered to the Participant promptly following the grant of the equity award, that the equity award will not be subject to acceleration of vesting under this Section 3.8. 

ARTICLE IV 

OTHER RIGHTS AND BENEFITS NOT AFFECTED 
 Section 4.1 Other Benefits 
 Subject to Section 3.3 (providing for
offsets to payments and benefits under this Plan for severance and benefits under employment agreements and other arrangements), neither the provisions of this Plan nor the Severance Benefit provided for hereunder shall reduce any amounts otherwise
payable, or in any way diminish a Participant’s rights as an employee, whether existing now or hereafter, under any employee benefit, incentive, retirement, welfare, stock option, stock bonus or stock-based, or stock purchase plan, program,
policy or arrangement or any written employment agreement or other plan, program policy or arrangement not related to severance. 
 Section 4.2 Employment Status 
 This Plan does not constitute a
contract of employment or impose on a Participant any obligation to remain in the employ of the Company, nor does it impose on the Company any obligation to retain a Participant in his or her present or any other position, nor does it change the
status of a Participant’s employment as an employee at will (or otherwise). Subject to Section 8.8, nothing in this Plan shall impair the right of the Company, in its absolute discretion, to change or reduce a Participant’s
compensation at any time, or to change or terminate at any time one or more of its employee benefit plans. 
 ARTICLE V

 SUCCESSOR TO THE COMPANY 
 The Company shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Company,
unconditionally to assume and agree to perform the Company’s obligations under this Plan, in the same manner and to the same extent that the Company would be required to perform if no succession or assignment had taken place. In such event, the
term “Company,” as used in this Plan, shall mean (from and after, but not before, the occurrence of such event) the Company as herein before defined and any successor or assignee to the business or assets which by reason hereof becomes
bound by the terms and provisions of this Plan. 
 ARTICLE VI 

CLAIMS 

Section 6.1 Claims Procedure 
 If a Participant has (a) a claim for compensation or benefits which are not being paid under the Plan, (b) another claim for benefits under the Plan, or (c) a claim for clarification of
rights under this Plan, then such Participant (or his or her designee) (a “Claimant”) may file with the Committee a written claim setting forth the amount and nature of the claim, supporting facts, and the Claimant’s address. The
Committee shall notify each 

 
Claimant of its decision in writing by written or electronic means within 90 days after its receipt of a claim, unless otherwise agreed by the Claimant. In special circumstances, the Committee
may extend for a further 90 days the deadline for its decision, provided the Committee notifies the Claimant of the need for the extension within 90 days after its receipt of a claim. If a claim is denied, the written notice of denial shall set
forth the reasons for such denial, refer to pertinent provisions of the Plan on which the denial is based, describe any additional material or information necessary for the Claimant to realize the claim, and explain the claims review procedure under
the Plan and a statement of a Participant’s right to bring a cause of action under Section 502(a) of ERISA after receiving a denial upon appeal. 
 Section 6.2 Claims Review Procedure 
 A Claimant whose claim has been
denied or such Claimant’s duly authorized representative may file, within 60 days after notice of such denial is received by the Claimant, a written request for review of such claim by the Committee. If a request is so filed, the Committee
shall review the claim and notify the Claimant in writing of its decision within 60 days after receipt of such request, unless otherwise agreed by the Claimant. In special circumstances, the Committee may extend for up to 60 additional days the
deadline for its decision, provided the Committee notifies the Claimant of the need for the extension within 60 days after its receipt of the request for review. The notice of the final decision of the Committee shall include the reasons for its
decision, specific references to the Plan on which the decision is based and a statement of a Participant’s right to receive, upon request and without charge, reasonable access to and copies of all documents, records and other information
relevant to the claim for benefits. The decision of the Committee shall be final and binding on all parties. 
 ARTICLE VII

 ADMINISTRATION 
 Section 7.1 Committee 
 The Chief Executive Officer of the Company (the
“CEO”) shall appoint not less than three (3) members of a committee, to serve at the pleasure of the CEO to administer the Plan. Members of the Committee may but need not be employees of the Company and may but need not be
participants in the Plan, but a member of the Committee who is eligible to participate in the Plan shall not vote or act upon any matter which relates solely to such member as a Plan participant. All decisions of the Committee shall be by a vote or
written evidence of intention of the majority of its members and all decisions of the Committee shall be final and binding. 

Section 7.2 Committee Membership 
 Any member of the Committee may resign at any time by giving thirty (30) days’ advance written notice to the CEO and to the remaining members (if any) of the Committee. A member of the
Committee, who at the time of his or her appointment to the Committee was an employee or director of the Company, and who for any reason ceases to be neither an employee nor a director, as applicable, of the Company, shall cease to be a member of
the Committee effective on the date he or she ceases to be neither an employee nor director, as applicable, of the Company unless the CEO affirmatively continues his or her appointment as a member of the Committee. If there is a vacancy in the
membership of the Committee, the remaining members shall constitute the full Committee. The CEO may fill any vacancy in the membership of the Committee, or enlarge the Committee, by giving written notice of appointment to the person so appointed and
to the other members (if any) of the Committee, effective as stated in such written notice. However, the CEO shall not be required to fill any vacancy in the membership of the Committee if there remain at least three members of the Committee. Any
notice required by this Section may be waived by the person entitled thereto. 
 Section 7.3 Duties 

Except as otherwise provided herein, the Committee shall have the power and duty in its sole and absolute discretion to do all things
necessary or convenient to effect the intent and purposes of the Plan, whether or not such powers and duties are specifically set forth herein, and, by way of amplification and not limitation of the foregoing, the Committee shall have the power in
its sole and absolute discretion to: 
 (a) provide rules for the management, operation and administration of the Plan, and,
from time to time, amend or supplement such rules; 

 (b) interpret and construe the Plan in its sole and absolute discretion to the fullest
extent permitted by law, which interpretation and construction shall be final and conclusive upon all persons; 
 (c) correct
any defect, supply any omission, or reconcile any inconsistency in the Plan in such manner and to such extent as it shall deem appropriate in its sole discretion to carry the same into effect; 

(d) make all determinations relevant to eligibility for benefits under the Plan, including determinations as to: whether a Participant
has incurred a termination of employment, the existence of Cause or Good Reason, whether the amounts or benefits to be provided under the Plan would be subject to additional taxes and penalties under Section 409A of the Code, and compliance
with applicable restrictive covenants; 
 (e) enforce the Plan in accordance with its terms and the Committee’s
interpretation or construction of the Plan as provided in subsection (b) above; and 
 (f) do all other acts and things
necessary or proper in its judgment to carry out the purposes of the Plan in accordance with its terms and intent. 
 The
Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall, from time to time, deem advisable, to interpret the terms and provisions of the Plan and to otherwise
supervise the administration of the Plan. 
 ARTICLE VIII 

MISCELLANEOUS 
 Section 8.1 Applicable Law 
 This is an employee benefit plan subject
to ERISA and shall be governed by and construed in accordance with ERISA and, to the extent applicable and not preempted by ERISA, the law of the State of Delaware, without regard to its conflict of law principle. 

Section 8.2 Construction 
 No term or provision of this Plan shall be construed so as to require the commission of any act contrary to law, and wherever there is any conflict between any provisions of this Plan and any present or
future law, ordinance, or regulation, the latter shall prevail, but in such event the affected provision of this Plan shall be curtailed and limited only to the extent necessary to bring such provision with the requirements of the law. 

Section 8.3 Severability; Equitable Modification 
 If a provision of this Plan shall be held illegal or invalid, the illegality or invalidity shall not affect the remaining parts of this Plan and this Plan shall be construed and enforced as if the illegal
or invalid provision had not been included. If any court of competent jurisdiction shall deem any provision of the Agreement too restrictive, the other provisions shall stand, and the court shall modify the provision at issue to the point of
greatest restriction permissible by law. 
 Section 8.4 Headings 

The Section headings in this Plan are inserted only as a matter of convenience of reference, and in no way define, limit, or extend or
interpret the scope of this Plan or of any particular Section. 
 Section 8.5 Assignability 

A Participant’s rights or interests under this Plan shall not be assignable or transferrable (whether by pledge, grant of a security
interest, or otherwise), except by will or by the laws of descent and distribution. 
 Section 8.6 No Waiver

 Any waiver of breach of any of the terms, provisions, or conditions of this Agreement must be in writing to be effective,
and shall not be construed or held to be a waiver of any other breach, or a waiver of, acquiescence in, or consent to any further succeeding breach thereof. 

 Section 8.7 Term 

This Plan shall continue in full force and effect until its terms and provisions are completely carried out, unless terminated by the
Board by at least a majority vote before the commencement of a Change in Control Period (as defined below). A “Change in Control Period” shall commence upon the earlier of (i) the first day the Company (or any Person on its behalf)
begins negotiations to effect a Change in Control and (ii) the Company executing a letter of intent (whether or not binding) or a definitive agreement to effect a Change in Control and shall expire upon the occurrence of a Change in Control
arising out of or contemplated by such negotiations, letter of intent or definitive agreement. 
 Section 8.8
Amendment/Termination 
 This Plan may be amended in any respect by resolution adopted by the Board until the commencement of
a Change in Control Period; provided, however, that this Section 8.8 shall not be amended, and no amendment to the Plan shall be effective if made during a Change in Control Period except to the extent that such amendment is agreed to by the
affected Participants in writing. After a Change in Control occurs, this Plan shall no longer be subject to amendment, change, substitution, deletion, revocation or termination in any respect whatsoever until the second anniversary of such Change in
Control. No agreement or representations, written or oral, express or implied, with respect to the subject matter hereof, have been made by the Company which are not expressly set forth in this Plan. Amendment or termination of the Plan shall not
accelerate (or defer) the time of any payment under the Plan that is deferred compensation subject to Section 409A of the Code if such acceleration (or deferral) would subject such deferred compensation to additional tax or penalties under
Section 409A. 
 Section 8.9 Notices 
 For purposes of this Plan, notices and all other communications provided for herein shall be in writing and shall be deemed to have been duly given when personally delivered, or sent by certified or
overnight mail, return receipt requested, postage prepaid, addressed to the respective addresses last given by each party to the other, provided that all notices to the Company shall be directed to the attention of the Board. All notices and
communications shall be deemed to have been received on the date of delivery thereof if personally delivered, on the third business day after the mailing thereof, or on the date after sending by overnight mail, except that notice of change of
address shall be effective only upon actual receipt. No objection to the method of delivery may be made if the written notice or other communication is actually received. 
 Section 8.10 Exculpation 
 To the extent permitted by applicable law,
no member of the Committee serving as Plan administrator nor any other officer, employee or director of the Company acting on behalf of the Company with respect to this Plan shall be directly or indirectly responsible or otherwise liable by reason
of any action or default as a member of that Committee, Plan administrator or other officer or employee of the Company acting on behalf of the Company with respect to this Plan, or by reason of the exercise of or failure to exercise any power or
discretion as such person, except for any action, default, exercise or failure to exercise resulting from such person’s gross negligence or willful misconduct. To the extent permitted by applicable law, no member of the Committee shall be
liable in any way for the acts or defaults of any other member of the Committee, or any of its advisors, agents or representatives. 
 Section 8.11 Indemnification 
 The Company shall indemnify and hold
harmless each member of the Committee serving as Plan administrator, and each other officer, employee or director of the Company acting on behalf of the Company with respect to this Plan, against any and all expenses and liabilities arising out of
his or her own membership on the Committee, service as Plan administrator, or other actions respecting this Plan on behalf of the Company, except for expenses and liabilities arising out of such person’s gross negligence or willful misconduct.
A person indemnified under this Section who seeks indemnification hereunder (“Indemnitee”) shall tender to the Company a request that the Company defend any claim with respect to which the Indemnitee seeks indemnification under this
Section and shall fully cooperate with the Company in the defense of such claim. If the Company shall fail to timely assume the defense of such claim, then the Indemnitee may control the defense of such claim. However, no settlement of any claim
otherwise indemnified under this Section shall be subject to indemnity hereunder unless the Company consents in writing to such settlement. 

 Section 8.12 Information 

The Company and the Participant shall furnish to the Committee in writing all information the Committee may deem appropriate for the
exercise of their powers and duties in the administration of the Plan. Such information may include, but shall not be limited to, the names of all Plan participants, their earnings and their dates of birth, employment, termination or death. Such
information shall be conclusive for all purposes of the Plan, and the Committee shall be entitled to rely thereon without any investigation thereof. 
 Section 8.13 No Property Interest 
 The Plan is unfunded. Severance pay
shall be paid exclusively from the general assets of the Company and any liability of the Company to any person with respect to benefits payable under the Plan shall give rise solely to a claim as an unsecured creditor against the general assets of
the Company. Any claim a Participant may have, or any interest in or right to any compensation, payment or benefit payable hereunder, shall rely solely upon the unsecured promise of the Company for the payment thereof, and nothing herein contained
shall be construed to give to or vest in a Participant or any other person now or at any time in the future, any right, title, interest or claim in or to any specific asset, fund, reserve, account, insurance or annuity policy or contract, or other
property of any kind whatsoever owned by the Company, or in which the Company may have any right, title or interest now or at any time in the future. 
 Section 8.14 Beneficiary 
 Any payment due under this Plan after a
Participant’s death shall be paid to such person or persons, jointly or successively, as such Participant may designate, in writing filed with the Committee during such Participant’s lifetime in a form acceptable to the Committee, which a
Participant may change without the consent of any beneficiary by filing a new designation of beneficiary in like manner. If no designation of beneficiary is on file with the Committee or no designated beneficiary is living or in existence upon such
Participant’s death, such payments shall be made to such Participant’s surviving spouse, if any, or if none, to such Participant’s estate. 
 Section 8.15 Plan Year 
 The fiscal records of the Plan shall be kept
on the basis of a plan year which is the calendar year. 

*        *        * 

Dated: March 3, 2011 

 Exhibit A 
 Restrictive Covenants Agreement 

 Exhibit B 
 Separation and General Release Agreement 
 IPC The Hospitalist
Company (“Company”), and                              (“Employee”), agree
that this Separation Agreement and General Release (“Agreement”) sets forth their complete agreement and understanding regarding the termination of Employee’s employment with Company. 

1. Separation Date. Employee’s employment with Company will terminate/was terminated effective
                     (the “Separation Date”). Employee represents that the Employee has returned all Company property to
Company. Except as specifically provided below, Employee shall not be entitled to receive any benefits of employment following the Separation Date. 
 2. Consideration of Company. In consideration for the releases and covenants by Employee in this Agreement, Company will provide Employee with: describe severance benefits. 

3. Employee Release of Rights and Agreement Not to Sue. Employee (defined for the purpose of this Paragraph 3 as Employee and
Employee’s agents, representatives, attorneys, assigns, heirs, executors, and administrators) fully and unconditionally releases the Released Parties (defined as the Company and any of its past or present employees, agents, insurers, attorneys,
administrators, officials, directors, shareholders, divisions, parents, subsidiaries, predecessors, successors, employee benefit plans, and the sponsors, fiduciaries, or administrators of the Company’s employee benefit plans) from, and agrees
not to bring any action, proceeding or suit against any of the Released Parties regarding, any and all known or unknown claims, causes of action, liabilities, damages, fees, or remunerations of any sort, arising or that may have arisen out of or in
connection with Employee’s employment with or termination of employment from the Company, including but not limited to claims for: 
 (a) violation of any written or unwritten contract, agreement, policy, benefit plan, retirement or pension plan, option plan, severance plan, or covenant of any kind, or failure to pay wages, bonuses,
employee benefits, other compensation, attorneys’ fees, damages, or any other remuneration; and/or 
 (b) discrimination,
harassment, or retaliation on the basis of any characteristic protected under law, including but not limited to race, color, national origin, sex, sexual orientation, religion, disability, marital or parental status, age, union activity or other
protected activity; and/or 
 (c) denial of protection or benefits under any statute, ordinance, executive order, or regulation,
including but not limited to claims under Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Civil Rights Act of 1866, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Fair Labor Standards
Act, the Family and Medical Leave Act, the Workers’ Adjustment and Retraining Notification, the Employee Retirement Income Security Act of 1974, the Illinois Wage Payment and Collection Act, the Illinois Human Rights Act, or any other federal,
state or local statute, ordinance, or regulation regarding employment, termination of employment, or discrimination in employment; and/or 
 (d) violation of any public policy or common law of any state relating to employment or personal injury, including but not limited to claims for wrongful discharge, defamation, invasion of privacy,
infliction of emotional distress, negligence, interference with contract. 
 4. No Disparagement or Encouragement of
Claims. Except as required by lawful subpoena or other legal obligation, Employee agrees not to make any oral or written statement that disparages or places the Company (including any of its past or present officers, employees, products or
services) in a false or negative light, or to encourage or assist any person or entity who may or who has filed a lawsuit, charge, claim or complaint against the Released Parties (as defined in Paragraph 3, above). Employee affirms that Employee has
not done anything before signing this Agreement that would violate this paragraph. If Employee receives any subpoena or becomes subject to any legal obligation that implicates this paragraph, Employee will provide prompt written notice of that fact
to the Company (as provided below) and enclose a copy of the subpoena and any other documents describing the legal obligation. [OPTIONAL] 
 5. Non-admission/Inadmissibility. This Agreement does not constitute an admission that the Company took any wrongful, unlawful, or harmful action, and the Company specifically denies any
wrongdoing. This Agreement is offered solely to resolve fully all matters related to Employee’s employment with and termination from Company. This Agreement shall not be used as evidence in any proceeding, except one alleging a breach of this
Agreement. 

 6. Severability. The provisions of this Agreement shall be severable such that the
invalidity of any provision shall not affect the validity of other provisions; provided, however, that if a court or other binding authority holds that any release in Paragraph 3 is illegal, void or unenforceable, Employee agrees to promptly execute
a release and agreement that is legal and enforceable. 
 7. Governing Law. This Agreement shall be governed by and
construed in accordance with Delaware law, without regard to its principles of conflicts of laws. 
 8. Entire Agreement.
This Agreement represents the entire agreement and understanding concerning Employee’s separation from the Company. This Agreement supersedes and replaces any and all prior agreements, understandings, discussions, negotiations, or proposals
concerning the matters addressed herein; provided, however, that the Company’s Executive Change in Control Plan, including without limitation Employee’s obligations thereunder and the applicable restrictive covenants to which the Employee
is bound, shall remain in full force and effect. In deciding to sign this Agreement, Employee has not relied on any express or implied promise, statement, or representation by the Company, whether oral or written, except as set forth herein.

 9. [FOR EMPLOYEES AGE 40+ ONLY] Revocation Period. Employee has the right to revoke this Agreement, solely with
regard to Employee’s release of claims under the Age Discrimination in Employment Act and the Older Workers Benefit Protection Act, for up to seven days after Employee signs it. In order to revoke this Agreement, Employee must sign and send a
written notice of the decision to do so, addressed to [insert title, and address], and that written notice must be received by the Company no later than the eighth day after Employee signed this Agreement. If Employee revokes this Agreement,
Employee will not be entitled to any of the consideration from the Company described in paragraph 2 above or under the Company’s Change in Control Plan. 
 10. Voluntary Execution of Agreement. Employee acknowledges that: 
  

	 	a.	Employee has carefully read this Agreement and fully understands its meaning; 

 

	 	b.	Employee had the opportunity to take up to 21 days [45 days for those age 40+ discharged in a termination affecting more than 1 employee] after receiving
this Agreement to decide whether to sign it; 

  

	 	c.	Employee understands that the Company is herein advising him, in writing, to consult with an attorney before signing it; 

 

	 	d.	Employee is signing this Agreement, knowingly, voluntarily, and without any coercion or duress; and 

 

	 	e.	everything Employee is receiving for signing this Agreement is described in the Agreement itself, and no other promises or representations have been made to cause
Employee to sign it. 

									
		 		 		  	IPC The Hospitalist Company
				
	  
	 		  	By:	    	  

	Employee Signature	 		  		    	
				
	  
	 		  	Title:	    	  

	Employee Name (print)	 		  		    	
					
	Dated:	 	                    	 		  	Dated:

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