Document:

Exhibit 10.2

 

RESTRICTED STOCK AWARD AGREEMENT

 

Community
Health Systems, Inc.

 

                    ,
2005

 

THIS AGREEMENT, made as of the     th
day of             ,
2005 (the “Date of Grant”), between Community Health Systems, Inc., a
Delaware corporation (the “Company”), and                           
(the ”Grantee”).

 

WHEREAS, the Company has adopted the Community
Health Systems, Inc. Amended and Restated 2000 Stock Option and Award Plan (the
“Plan”) in order to provide additional incentive to certain employees
and directors of the Company and its Subsidiaries; and

 

WHEREAS,
the Committee has determined to grant to the Grantee an Award of Restricted
Stock as provided herein to encourage the Grantee’s efforts toward the
continuing success of the Company.

 

NOW, THEREFORE, the parties hereto agree as follows:

 

1.     Grant of Restricted Stock.

 

1.1           The Company hereby grants to the Grantee an
award of                 
Shares of Restricted Stock (the “Award”).  The Shares of Restricted Stock granted
pursuant to the Award shall be issued in the form of book entry Shares in the
name of the Grantee as soon as reasonably practicable after the Date of Grant
and shall be subject to the execution and return of this Agreement by the
Grantee (or the Grantee’s estate, if applicable) to the Company as provided in Section 9
hereof.

 

1.2           This Agreement shall be construed in
accordance and consistent with, and subject to, the provisions of the Plan (the
provisions of which are hereby incorporated by reference) and, except as otherwise
expressly set forth herein, the capitalized terms used in this Agreement shall
have the same definitions as set forth in the Plan.

 

2.     Restrictions on Transfer.

 

The Shares of Restricted Stock issued under this
Agreement may not be sold, transferred or otherwise disposed of and may not be
pledged or otherwise hypothecated until all restrictions on such Restricted
Stock shall have lapsed in the manner provided in Section 3, 4 or 5
hereof.

 

3.     Lapse of
Restrictions Generally.

 

Except as provided in Sections 4, 5 and 6 hereof,
one-third (1/3) of the number of Shares of Restricted Stock issued hereunder
(rounded up to the next whole Share, if necessary) shall vest, and the
restrictions with respect to such Restricted Stock shall lapse, on each of the
first three (3) anniversaries of the Date of Grant.

 

 

4.     Effect of Certain Terminations of Employment.

 

If the Grantee’s employment terminates as a result
of the Grantee’s death, Retirement or Disability, in each case if such
termination occurs on or after the Date of Grant, all Shares of Restricted
Stock which have not become vested in accordance with Section 3 or 5
hereof shall vest, and the restrictions on such Restricted Stock shall lapse,
as of the date of such termination.

 

5.     Effect
of Change in Control.

 

In the event of a Change in Control at any time on
or after the Date of Grant, all Shares of Restricted Stock which have not
become vested in accordance with Section 3 or 4 hereof shall vest, and the
restrictions on such Restricted Stock shall lapse, immediately.

 

6.     Forfeiture
of Restricted Stock.

 

In addition to the circumstance described in Section 9(a)
hereof, any and all Shares of Restricted Stock which have not become
vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and
shall revert to the Company upon the termination by the Grantee, the Company or
its Subsidiaries of the Grantee’s employment for any reason other than those
set forth in Section 4 hereof prior to such vesting.

 

7.     Delivery of Restricted Stock.

 

7.1           Except as otherwise
provided in Section 7.2 hereof, evidence of book entry Shares or, if
requested by the Grantee prior to such lapse of restrictions, a stock
certificate with respect to shares of Restricted Stock for which the
restrictions have lapsed pursuant to Section 3, 4 or 5 hereof with respect
to such shares of Restricted Stock, shall be delivered to the Grantee as soon
as practicable following the date on which the restrictions on such Restricted
Stock have lapsed, free of all restrictions hereunder.

 

7.2           Evidence of
book entry Shares with respect to shares of Restricted Stock in respect of
which the restrictions have lapsed upon the Grantee’s death pursuant to Section 4
hereof or, if requested by the executors or administrators of the Grantee’s
estate upon such lapse of restrictions, a stock certificate with respect to
such shares of Restricted Stock, shall be delivered to the executors or
administrators of the Grantee’s estate as soon as practicable following the
Company’s receipt of notification of the Grantee’s death, free of all
restrictions hereunder.

 

8.     Dividends and Voting Rights.

 

Subject to Section 9(a) hereof, upon issuance
of the Restricted Stock, the Grantee shall have all of the rights of a
stockholder with respect to such Stock, including the right to vote the Stock
and to receive all dividends or other distributions paid or made with respect
thereto; provided, however, that dividends or distributions
declared or paid on the Restricted Stock by the Company shall be deferred and reinvested in Shares of Restricted Stock
based on the Fair Market Value of a Share on the date such dividend or
distribution is paid or made (provided that no fractional Shares will be
issued), and the additional
Shares of Restricted Stock thus acquired shall
be subject to the same restrictions on transfer, forfeiture and vesting schedule as
the Restricted Stock in respect of which such dividends or distributions were
made.

 

2

 

9.     Execution of Award Agreement.

 

(a)           The Shares of Restricted Stock granted to the
Grantee pursuant to the Award shall be subject to the Grantee’s execution and
return of this Agreement to the Company or its designee (including by
electronic means, if so provided) no later than the earlier of (i)             
    , 2005 and (ii) the date that is immediately prior to
the date that the Restricted Stock vest pursuant to Section 4 or 5 hereof
(the “Grantee Return Date”); provided that if the Grantee dies before
the Grantee Return Date, this requirement shall be deemed to be satisfied if
the executor or administrator of the Grantee’s estate executes and returns this
Agreement to the Company or its designee no later than ninety (90) days
following the Grantee’s death (the “Executor Return Date”).  If this Agreement is not so executed and
returned on or prior to the Grantee Return Date or the Executor Return Date, as
applicable, the Shares of Restricted Stock evidenced by this Agreement shall be
forfeited, and neither the Grantee nor the Grantee’s heirs, executors,
administrators and successors shall have any rights with respect thereto.

 

(b)           If this Agreement is so executed and returned
on or prior to the Grantee Return Date or the Executor Return Date, as
applicable, all dividends and other distributions paid or made with respect to
the Shares of Restricted Stock granted hereunder prior to such Grantee Return
Date or Executor Return Date shall be treated in the manner provided in Section 8
hereof.

 

10.   No Right to Continued Employment.

 

Nothing in this Agreement or the Plan shall
interfere with or limit in any way the right of the Company or its Subsidiaries
to terminate the Grantee’s employment, nor confer upon the Grantee any right to
continuance of employment by the Company or any of its Subsidiaries or
continuance of service as a Board member.

 

11.   Withholding of Taxes.

 

Prior to the delivery to the
Grantee (or the Grantee’s estate, if applicable) of a stock certificate or
evidence of book entry Shares with respect to shares of Restricted Stock in
respect of which all restrictions have lapsed, the Grantee (or the Grantee’s
estate) shall pay to the Company the federal, state and local income taxes and
other amounts as may be required by law to be withheld by the Company (the “Withholding
Taxes”) with respect to such Restricted Stock.  By
executing and returning this Agreement in the manner provided in Section 9
hereof, the Grantee (or the Grantee’s estate) shall be deemed to elect to have
the Company withhold a portion of such Restricted Stock having an aggregate Fair
Market Value equal to the Withholding Taxes in satisfaction of the Withholding
Taxes, such election to continue in effect until the Grantee (or the Grantee’s
estate) notifies the Company before such delivery that the Grantee (or the
Grantee’s estate) shall satisfy such obligation in cash, in which event the
Company shall not withhold a portion of such Restricted Stock as otherwise
provided in this Section 11.

 

12.   Grantee Bound by the Plan.

 

The
Grantee hereby acknowledges receipt of a copy of the Plan and agrees to be
bound by all the terms and provisions thereof.

 

3

 

13.   Modification of Agreement.

 

This Agreement may be modified, amended, suspended
or terminated, and any terms or conditions may be waived, but only by a written
instrument executed by both parties hereto.

 

14.   Severability.

 

Should
any provision of this Agreement be held by a court of competent jurisdiction to
be unenforceable or invalid for any reason, the remaining provisions of this
Agreement shall not be affected by such holding and shall continue in full
force in accordance with their terms.

 

15.   Governing Law.

 

The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of
Tennessee without giving effect to the conflicts of laws principles thereof.

 

16.   Successors in Interest.

 

This Agreement shall inure to the benefit of and be
binding upon any successor to the Company. 
This Agreement shall inure to the benefit of the Grantee’s legal
representatives.  All obligations imposed
upon the Grantee and all rights granted to the Company under this Agreement
shall be binding upon the Grantee’s heirs, executors, administrators and
successors.

 

17.   Resolution of Disputes.

 

Any dispute or disagreement which may arise under,
or as a result of, or in any way relate to, the interpretation, construction or
application of this Agreement shall first be referred to the Chief Executive
Officer for informal resolution, and if necessary, referred to the Committee
for its determination.  Any determination
made hereunder shall be final, binding and conclusive on the Grantee, the
Grantee’s heirs, executors, administrators and successors, and the Company and
its Subsidiaries for all purposes.

 

18.   Entire Agreement.

 

This Agreement and the terms and conditions of the
Plan constitute the entire understanding between the Grantee and the Company
and its Subsidiaries, and supersede all other agreements, whether written or
oral, with respect to the Award.

 

19.   Headings.

 

The headings of this Agreement are inserted for
convenience only and do not constitute a part of this Agreement.

 

20.   Counterparts.

 

This Agreement may be executed simultaneously in two
or more counterparts, each of which shall constitute an original, but all of
which taken together shall constitute one and the same agreement.

 

4

 

	
   

  	
  COMMUNITY HEALTH SYSTEMS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GRANTEE

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
							

 

5Exhibit 10.3

 

COMMUNITY HEALTH SYSTEMS, INC.

 

AMENDED AND RESTATED 2000 STOCK
OPTION AND AWARD PLAN

NONQUALIFIED STOCK OPTION AGREEMENT (EMPLOYEE)

 

THIS AGREEMENT, made as of the           
day of             ,
(the “Grant Date”), between Community Health Systems, Inc. (the “Corporation”),
and                           
whose address is                                 
(the “Optionee”).

 

WHEREAS, the Corporation has adopted the Community
Health Systems, Inc. 2000 Stock Option and Award Plan, as amended (the “Plan”)
in order to provide additional incentive to certain employees, officers and
directors of the Corporation and its Subsidiaries; and

 

WHEREAS, the Committee responsible for
administration of the Plan has determined to grant an option to the Optionee as
provided herein;

 

NOW, THEREFORE, the parties hereto agree as follows:

 

1.             Grant of Option.

 

1.1           The Corporation hereby grants to the Optionee
the right and option (the “Option”) to purchase all or any part of an aggregate
of             
(number spelled) whole Shares (such number being subject to adjustment as
provided in Section 10 hereof), on the terms and conditions set forth in
this Agreement and in the Plan, a copy of which has been provided to the
Optionee.

 

1.2           This Option is not intended to qualify as an
Incentive Stock Option within the meaning of Section 422 of the Code.

 

1.3           Except as otherwise defined herein,
capitalized terms used in this Agreement shall have the same definitions as set
forth in the Plan.

 

2.             Purchase Price.

 

The price at which the Optionee shall be entitled to
purchase Shares upon the exercise of this Option shall be $    
per Share (such price being subject to adjustment as provided in Section 10
hereof).

 

3.             Duration of Option.

 

The Option shall be exercisable to the extent and in
the manner provided herein for a period of 10 years from the date hereof (the “Exercise
Term”); provided, however, that the Option may be earlier terminated as
provided in Section 6 or Section 8 hereof; provided, further, that
the Option may, upon the death of the Optionee, be later exercised for up to
one (1) year following the date of the Optionee’s death if such death occurs
prior to the tenth anniversary of the Grant Date.

 

 

4.             Exercisability of Option.

 

Unless otherwise provided in this Agreement or the
Plan, the Option shall entitle the Optionee to purchase, in whole at any time
or in part from time to time, thirty-three and one-third percent (33 1/3%) of
the total number of Shares covered by the Option after the expiration of one
(1) year from the Grant Date and an additional thirty-three and one-third
percent (33 1/3%) of the total number of Shares covered by the Option after the
expiration of each of the second and third anniversaries of the Grant Date, and
each such right of purchase shall be cumulative and shall continue, unless
sooner exercised or terminated as herein provided, during the remaining period
of the Exercise Term.  Any fractional
number of Shares resulting from the application of the foregoing percentages
shall be rounded down to the next whole number of Shares.

 

5.             Manner of Exercise and Payment.

 

5.1           Notice of Exercise. 
Subject to the terms and conditions of this Agreement and the Plan, the
Option may be exercised by delivery of written notice to the Company.  Such notice shall state that the Optionee is
electing to exercise the Option and the number of Shares in respect of which
the Option is being exercised and shall be signed by the Optionee or by any
guardian, executor, administrator or other legal representative.  The notice shall be in the form of Exhibit
A attached to this Agreement, or such other form as may be prescribed by
the Corporation, from time to time.  The
Corporation may require proof satisfactory to it as to the right of such person
to exercise the Option.  Not less than
one hundred (100) Shares may be purchased at any one time upon any exercise of
the Option, unless the number of Shares so purchased constitutes the total
number of Shares then purchasable under the Option.

 

5.2           Deliveries.  The notice of exercise
described in Section 5.1 hereof shall be accompanied by the full purchase
price for the Shares in respect of which the Option is being exercised, in cash
or by check or, if indicated in the notice, such payment shall follow by check
from a registered broker acting as agent on behalf of the Optionee.  However, at the discretion of the Committee,
the Optionee may pay the exercise price in part or in full by transferring to
the Corporation Shares owned by the Optionee for a period of six (6) months (or
such lesser period as may be permitted by the Committee) prior to the exercise
of the Option.  In addition, an Option
may be exercised through a registered broker-dealer pursuant to such cashless
exercise procedures which are, from time to time, deemed acceptable by the
Committee.  Any Shares transferred to the
Corporation as payment of the exercise price under an Option shall be valued at
their Fair Market Value on the date of exercise of such Option.

 

5.3           Issuance of Shares.  Upon
receipt of notice of exercise, full payment for the Shares in respect of which
the Option is being exercised, and subject to Section 11, the Corporation
shall take such action as may be necessary under applicable law to affect the
issuance to the Optionee of the number of Shares as to which such exercise was
affected.

 

5.4           Stockholder Rights.  The
Optionee shall not be deemed to be the holder of, or to have any of the rights
of a holder with respect to any Shares subject to the Option until (a) the
Option shall have been exercised in accordance with the terms of this Agreement
and the Optionee shall have paid the full purchase price for the number of
Shares in respect of which the Option was exercised and any withholding taxes
due in

 

 

connection
with such exercise, (b) the Corporation shall have issued the Shares to the
Optionee, and (c) the Optionee’s name shall have been entered as a shareholder
of record on the books of the Corporation. 
Upon the occurrence of all of the foregoing events, the Optionee shall
have full voting and other ownership rights with respect to such Shares.

 

6.             Termination of Option. 
Subject to Sections 7 and 8 hereof, each Option shall terminate on the
date which is the tenth anniversary of the Grant Date (or if later, the first
anniversary of the date of the Optionee’s death if such death occurs prior to
such tenth anniversary), unless terminated earlier as follows:

 

6.1           If the employment of the Optionee is
terminated for any reason other than disability, death or for Cause, the
Optionee may for a period of three (3) months after such termination exercise
his or her Option to the extent, and only to the extent, that the Option or
portion thereof was vested and exercisable as of the date of such termination,
after which time the Option shall automatically terminate in full.

 

6.2           If the employment of the Optionee is
terminated by reason of Disability, all of the Option shall immediately become
vested and exercisable and the Optionee may, for a period of twelve (12) months
after such termination, exercise his or her Option, after which time the Option
shall automatically terminate in full.

 

6.3           If
the employment of the Optionee is terminated by reason of death, or if the
Optionee dies within three (3) months after termination as described in Section 6.1
hereof the Option shall immediately become vested and exercisable and the
person or persons to whom such rights under the Option shall pass by will, or
by the laws of descent or distribution may, for a period of twelve (12) months
following the Optionee’s death, exercise the Option, after which time the
Option shall terminate in full.

 

6.4           If
the employment of the Optionee is terminated for Cause, the option granted to
the Optionee hereunder shall immediately terminate in full and no rights
thereunder may be exercised.

 

6.5           Except
as expressly provided herein to the contrary, the Option, to the extent not yet
vested and exercisable, shall terminate immediately upon the Employee’s
termination of employment with the Corporation for any reason.

 

7.             Effect of Change of Control.

 

In the event of a Change in Control, the Option
shall become immediately and fully vested and exercisable and shall,
notwithstanding any shorter period set forth in this Agreement, remain
exercisable for a period ending not before the earlier of (x) the six (6) month
anniversary of the termination of the Optionee’s employment or (y) the
expiration of the Exercise Term.

 

8.             Prohibited Activities

 

8.1           Prohibition Against Certain Activities.  The
Optionee agrees that (a) the Optionee will not at any time during his or her
employment (other than in the course of his or her employment) with the
Corporation or any Affiliate thereof, or after any termination of employment,
directly or indirectly disclose or furnish to any other

 

 

person
or use for the Optionee’s own or any other person’s account any confidential or
proprietary knowledge or any other information which is not a matter of public
knowledge obtained during the course of his or her employment with, or other
performance of services for (including service as a director of), the
Corporation or any Affiliate thereof or any predecessor of any of the
foregoing, no matter from where or in what manner the Optionee may have
acquired such knowledge or information, and the Optionee shall retain all such
knowledge and information in trust for the benefit of the Corporation, its
Affiliates and the successors and assigns of any of them, (b) the Optionee will
not at any time during his or her employment with the Corporation or any
Affiliate thereof, or for three (3) years following any termination of
employment, directly or indirectly solicit for employment, including, without
limitation, recommending to any subsequent employer the solicitation for
employment of, any person who at the time of the solicitation is employed by
the Corporation or any Affiliate thereof, (c) the Optionee will not at any time
during his or her employment with, or performance of services for (including
service as a director of), the Corporation or any Affiliate thereof or after
any termination of employment, publish any statement or make any statement
(under circumstances reasonably likely to become public or that he might
reasonably expect to become public) critical of the Corporation or any
Affiliate of the Corporation, or in any way adversely affecting or otherwise
maligning the business reputation of any of the foregoing entities, and (d) the
Optionee will not breach the provisions of Section 9 hereof (any activity
described in clause (a), (b), (c) or (d) of this Section 8.1 being herein
referred to as a “Prohibited Activity”).

 

8.2           Right to Terminate Option.  The
Optionee understands that the Corporation is granting to the Optionee an option
to purchase Shares hereunder to reward the Optionee for the Optionee’s future
efforts and loyalty to the Corporation and its Affiliates by giving the
Optionee the opportunity to participate in the potential future appreciation of
the Corporation.  Accordingly, if, at any
time during which any portion of the Option, including any exercisable portion,
is outstanding (a) if the Optionee engages in any Prohibited Activity, or (b)
the Optionee engages in any Competitive Activity (as hereinafter defined), or
(c) the Optionee is convicted of a crime against the Corporation or any of its
Affiliates, then, in addition to any other rights and remedies available to the
Corporation, the Corporation shall be entitled, at its option, to terminate the
Option, including any exercisable portion thereof, which shall then be of no
further force and effect.

 

The term “Competitor” shall mean any person that
competes either directly or indirectly through one or more Affiliates with any
of the businesses in which, at the time the Optionee’s employment is
terminated, the Corporation or any of its subsidiaries is engaged.

 

The term “Competitive Activity” shall mean engaging
in any of the following activities:  (i)
serving as a director of any Competitor; (ii) directly or indirectly (x)
controlling any Competitor or (y) owning any equity or debt interests in any
Competitor (other than equity or debt interests which are publicly traded and
do not exceed 2% of the particular class of interests outstanding) (it being
understood that, if any such interests in any Competitor are owned by an
investment vehicle or other entity in which the Optionee owns an equity
interest, a portion of the interests in such Competitor owned by such entity
shall be attributed to the Optionee, such portion determined by applying the
percentage of the equity interest in such entity owned by the Optionee to the
interests in such Competitor owned by such entity); (iii) directly or
indirectly soliciting,

 

 

diverting,
taking away, appropriating or otherwise interfering with any of the customers
or suppliers of the Corporation or any Affiliate of the Corporation; (iv)
employment by (including serving as an officer or director of) or providing
consulting services to any Competitor; provided, however, that if the
Competitor has more than one discrete and readily distinguishable part of its
business, employment by or providing consulting services to any Competitor
shall be Competitive Activity only if (1) his or her employment duties are at
or involving the part of the Competitor’s business that competes with any of
the businesses conducted by the Company or any of its subsidiaries (the “Competing
Operations”), including serving in a capacity where any person at the Competing
Operations reports to the Optionee, or (2) the consulting services are provided
to or involve the Competing Operations. 
For purposes of this definition, the term “control” means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of any Competitor, whether through the
ownership of equity or debt interests, by contract or otherwise.

 

9.             Non-Transferability.

 

The Option shall not be transferable other than by
will or by the laws of descent and distribution or pursuant to a domestic
relations order; provided, however, that the Option may be transferred to
members of the Optionee’s immediate family, to trusts solely for the benefit of
such immediate family members and to partnerships in which such family members
and/or trusts are the only partners.  For
this purpose, immediate family means the Optionee’s spouse, parents, children,
stepchildren and grandchildren and the spouses of such parents, children,
stepchildren and grandchildren.

 

10.           Adjustments.

 

In the event of a Change in Capitalization, the
Committee may make appropriate adjustments to the number and class of Shares or
other stock or securities subject to this Option and the purchase price for
such Shares or other stock or securities (an “Adjustment”).  In the event of (i) the liquidation or
dissolution of the Corporation or (ii) a merger or consolidation of the
Corporation (a “Transaction”), any such Adjustment may be as provided for in
the plan or agreement of liquidation, dissolution, merger or
consolidation.  If such plan or agreement
does not expressly provide for the treatment of the Option in connection with
the Transaction, the Option shall continue in effect in accordance with its
terms and the Optionee shall be entitled to receive in respect of all Shares
subject to the Option, upon exercise of the Option, the same number and kind of
stock, securities, cash, property or other consideration that each holder of
Shares was entitled to receive in the Transaction.  The Committee’s Adjustment shall be final and
binding for all purposes of the Plan and the Agreement.  No Adjustment provided for in this Section 10
shall require the Corporation to issue a fractional share, and the total
adjustment with respect to this Agreement shall be limited accordingly.

 

11.           Withholding.

 

The Corporation shall have the right to deduct from
any amounts payable under this Agreement an amount equal to the federal, state
and local income taxes and other amounts as may be required by applicable law
to be withheld (the “Withholding Taxes”). 
If the Optionee is entitled to receive Shares upon exercise of the
Option, the Optionee shall pay the Withholding Taxes to the Corporation in cash
prior to the issuance of such Shares.  In
satisfaction of the Withholding Taxes, the Optionee may,

 

 

unless
the Committee determines otherwise, elect to have withheld a portion of the
Shares issuable to him or her upon exercise of the Option, having an aggregate
Fair Market Value, equal to the Withholding Taxes.

 

12.           No Right to Continued Employment.

 

This Agreement and the Option shall not confer upon
the Optionee any right with respect to continuance of employment by the
Corporation or any Affiliate thereof, nor shall it interfere in any way with
the right of the Corporation or any Affiliate thereof to terminate the Optionee’s
employment at any time.

 

13.           Entire Agreement.

 

This Agreement and the Plan constitute the entire
agreement, and supersede all prior agreements and understandings, oral and
written, between the parties hereto with respect to the subject matter hereof.

 

14.           Execution of Agreement; Modification of
Agreement.

 

This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original and which
together shall constitute one and the same instrument.  This Agreement may be modified, amended,
supplemented or terminated by written agreement of the parties hereto; provided
that the Corporation may modify, amend, supplement or terminate this Agreement
in a writing signed by the Corporation without any further action by the
Optionee if such modification, amendment, supplement or termination does not
adversely affect the Optionee’s rights hereunder.

 

15.           Invalidity of Provisions.

 

The invalidity or unenforceability of any provision
of this Agreement in any jurisdiction shall not affect the validity or
enforceability of the remainder of this Agreement in that jurisdiction or the
validity or enforceability of this Agreement, including that provision, in any
other jurisdiction.  If any provision of
this Agreement is held unlawful or unenforceable in any respect, such provision
shall be revised or applied in a manner that renders it lawful and enforceable
to the fullest extent possible.

 

16.           Acknowledgment.

 

The Optionee hereby acknowledges receipt of a copy
of the Plan and agrees to be bound by all the terms and provisions thereof as
the same may be amended from time to time. 
The Optionee hereby acknowledges that the Optionee has reviewed the Plan
and this Agreement and understands his or her rights and obligations thereunder
and hereunder.  The Optionee also
acknowledges that the Optionee has been provided with such information concerning
the Corporation, the Plan and this Agreement as the Optionee and his or her
advisors have requested.

 

17.           Binding Effect.

 

This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective heirs, legal representatives,
successors and assigns.

 

 

18.           Headings.

 

The headings and captions contained herein are for
convenience only and shall not control or affect the meaning or construction of
any provision hereof.

 

19.           Resolution of Disputes.

 

Any dispute or disagreement which may arise under,
or as a result of, or in any way relate to, the interpretation, construction or
application of this Agreement shall be determined by the Committee in good
faith, whose determination shall be final, binding and conclusive for all
purposes.

 

20.           Governing Law.

 

This Agreement and the rights and obligations of the
parties hereto shall be governed by, and construed in accordance with, the laws
of the State of Delaware without giving effect to the principles of conflicts
of laws thereof.

 

21.           Specific Performance.

 

The parties hereto acknowledge that there will be no
adequate remedy at law for a violation of any of the provisions of this
Agreement and that, in addition to any other remedies which may be available;
all of the provisions of this Agreement shall be specifically enforceable in
accordance with their respective terms.

 

22.           Notice.

 

All notices and other communications hereunder shall
be in writing and, unless otherwise provided herein, shall be deemed to have
been given when received by the party to whom such notice is to be given at its
address set forth below, or such other address for the party as shall be
specified by notice given pursuant hereto:

 

(a)           If to the Corporation, by regular mail to:

 

Community Health Systems, Inc.

155 Franklin Road, Suite 400

Brentwood, TN 37027

Attention: 
General Counsel

 

(b)           If to the Optionee or his or her legal
representative, to such person at the address as reflected in the records of
the Corporation.

 

23.           Consent to Jurisdiction.

 

Each party hereby irrevocably and unconditionally
consents to submit to the exclusive jurisdiction of the courts of the State of
Tennessee and of the United States of America, in each case located in the
County of Williamson, for any actions, suits or proceedings arising out of or
relating to this Agreement, the Option or the Plan and the transactions
contemplated hereby and thereby (“Litigation”) (and agrees not to commence any
Litigation except in any such court), and further agrees that service of process,
summons, notice or document by U.S. registered mail to such party’s

 

 

respective
address set forth in Section 22 hereof shall be effective service of
process for any Litigation brought against such party in any such court.  Each party hereby irrevocably and
unconditionally waives any objection to the laying of venue of any litigation
in the courts of the State of Tennessee or of the United States of America, in
each case located in the County of Williamson, and hereby further irrevocably
and unconditionally waives and agrees not to plead or claim in any such court
that any Litigation brought in any such court has been brought in an
inconvenient forum.

 

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

 

	
   

  	
  COMMUNITY HEALTH SYSTEMS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Wayne T. Smith, President and CEO

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Rachel A. Seifert, Senior Vice President

  	
   

  
	
  Secretary and General Counsel

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]