Document:

Stipulation of Settlement

 Exhibit 10.1 
 LEVINE, STALLER, SKLAR, CHAN, BROWN & DONNELLY, P.A. 
 Counselors at Law 
 3030 Atlantic Avenue 
 Atlantic City, New Jersey 08401 
 (609) 348-1300 
 Attorneys for Plaintiffs 
  

					
	 TRUMP TAJ MAHAL ASSOCIATES,
LLC,
  
 Plaintiff,
  
 v.
  
 CITY OF ATLANTIC CITY,
  
 Defendant.
	  	 TAX COURT OF NEW JERSEY
  
 DOCKET NOS.: 3789-06 and 6009-07
	  	
	 		
	 TRUMP PLAZA ASSOCIATES, LLC,
  
 Plaintiff,
  
 v.
  
 CITY OF ATLANTIC CITY,
  
 Defendant.
	  	 TAX COURT OF NEW JERSEY
  
 DOCKET NOS.: 3384-04; 3577-05; 4196-06 and 6031-07
	  	
	 		
	 TRUMP MARINA ASSOCIATES, LLC,
  
 Plaintiff,
  
 v.
  
 CITY OF ATLANTIC CITY,
  
 Defendant.
	  	 TAX COURT OF NEW JERSEY
  
 DOCKET NOS.: 3479-04; 3481-04; 3326-05; 3335-05; 3524-06; 3527-06; 6278-07 and 6275-07
	  	

					
	 TRUMP PLAZA ASSOCIATES, LLC,

  
 Plaintiff,
  
 v.
  
 CITY OF ATLANTIC CITY,
  
 Defendant.
	  	 TAX COURT OF NEW JERSEY
  
 DOCKET NOS.: 5889-97; 5027-98; 2968-99; 3671-00; 449-01; 3393-02; 2201-03; 1088-04; 5532-04 (consolidated); 2971-05 and 4991-05
  
 STIPULATION OF SETTLEMENT
	  	

 1. It is hereby stipulated and agreed that all demands for relief with regard to the various blocks and lots
encompassed within the Complaints and Counterclaims in the above captioned matters are hereby withdrawn except that the assessments of the properties set forth in Schedule A (“Properties”) shall be adjusted and judgments shall be entered
in accordance therewith and, it is further 
 2. Stipulated and agreed that the statutory interest pursuant to N.J.S.A. 54:3-27.2, having been waived
by Trump Taj Mahal Associates, LLC (“Taj”), Trump Plaza Associates, LLC and Trump Marina Associates, LLC (hereafter individually “Taxpayer” and collectively, “Taxpayers”), shall not be paid and that Taxpayers also waive
interest due on any judgment entered on the Properties above so long as the terms of this Stipulation of Settlement are not breached by the City of Atlantic City (hereafter “City” or “taxing district”) and, it is further

 3. Stipulated and agreed that the provisions of N.J.S.A. 54:51A-8 (“Freeze Act”) shall not apply to the disposition of this matter
and, it is further 
 4. Stipulated and agreed that the undersigned have made such examination of the value and proper assessment of the properties
and have obtained such appraisals, analysis and information with respect to the valuation and assessment of the properties as they deem necessary and appropriate for the purpose of enabling them to enter into this Stipulation of 

  

 2 

 
Settlement and that the assessor of the taxing district has been consulted by the attorney for the taxing district with respect to this Stipulation of
Settlement and has concurred with the same and, it is further 
 5. Stipulated and agreed that it is the intent of the parties that the reductions in
assessments shown in Schedule A shall result in a collective refund/credit to the Taxpayers of taxes previously paid in the exact aggregate amount of thirty-four million ($34,000,000) dollars (“Refund/Credit”) and that the Refund/Credit
obligation of the City to the Taxpayers shall be equal to the aforesaid exact amount. To effectuate this Refund/Credit, the taxing district shall refund and deliver, within 30 days, time being of the essence, of the execution of this Stipulation of
Settlement, the sum of Twelve Million ($12,000,000) Dollars in immediately available U.S. funds, payable to the order of “Trump Entertainment Resorts Holdings, L.P.” (“TERH”) which shall be delivered within said 30 days, time
being of the essence, to Trump Entertainment Resorts Holdings, L.P., Attn: Robert M. Pickus, Esquire, 15 South Pennsylvania Avenue, Atlantic City, New Jersey 08401 as a partial refund due on account of the aforesaid reductions in assessed values as
set forth in Schedule A and in partial satisfaction of the Refund/Credit. The balance of the Refund/Credit, Twenty-Two Million ($22,000,000) Dollars, shall be applied as credits against future tax payments due on the subject properties in such
amounts as set forth on Schedule B attached hereto and as directed by TERH provided (1) the amounts and dates of the application of such credits shall remain unchanged and (2) any such credits must be applied on account of real property
taxes due from any of the Taxpayers. 
 6. Based upon the foregoing, the undersigned represent to the Court that the above settlement will result in
assessments at the fair assessable value of the Properties consistent with assessing practices generally applicable in the taxing district as required by law. 
  

 3 

 7. Each of the parties represents to the other that all requisite action has been duly taken by such party to authorize
the execution, delivery and performance of the foregoing settlement. 
 8. The parties hereto further stipulate and agree that The Tax Court of New Jersey
may immediately enter judgment incorporating the terms of this Stipulation of Settlement and, to the extent necessary, impose the terms herein. 
 City of
Atlantic City 
  

									
	By:	  	 /s/ William H. Marsh
	 		  	 11/2/07
	 	
		  	The Honorable William H. Marsh	 		  	Date	 	
		  	Mayor of Atlantic City	 		  		 	
					
	Attest	  		 		  		 	
					
		  	 /s/ Rhonda Williams
	 		  	 11/2/07
	 	
		  	Rhonda Williams	 		  	Date	 	
		  	Assistant City Clerk	 		  		 	
				
	Levine, Staller, Sklar, Chan,	 		  		 	
	Brown & Donnelly, P.A.	 		  		 	
					
	By:	  	 /s/ Michael D. Sklar
	 		  	 11/2/07
	 	
		  	Michael D. Sklar, Esq.	 		  	Date	 	
		  	Attorneys for Trump Plaza Associates, LLC,	 		  		 	
		  	Trump Taj Mahal Associates, LLC and	 		  		 	
		  	Trump Marina Associates, LLC	 		  		 	

  

 4 

 TRUMP TAX APPEALS SETTLEMENT 
 SCHEDULE A 
  

														
	 	  	Original
Assessment	  	County Board
Judgment	  	Requested Tax
Court Judgment	  	Relief	  	Tax Rate	 
	 	  	 	  	(Direct Appeals)	  	 	  	 	  	 	 
	 Trump World's Fair
	  			  		  			  		  		
						
	 Tax Year: 1997
	  			  		  			  		  	2.949	%
						
	 Block/Lot: 43/157
	  			  		  			  		  		
	 Land:
	  	$	8,530,000	  	N/A	  	$	8,530,000	  		  		
	 Improvements:
	  	 	181,470,000	  	N/A	  	 	29,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	190,000,000	  	N/A	  	$	37,530,000	  	4,496,340	  		
						
	 Block/Lot: 44/177
	  			  		  			  		  		
	 Land:
	  	$	10,398,700	  	N/A	  	$	10,398,700	  		  		
	 Improvements:
	  	 	19,001,000	  	N/A	  	 	5,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	29,399,700	  	N/A	  	$	15,398,700	  	412,889	  		
						
	 Tax Year: 1998
	  			  		  			  		  	2.878	%
	 Block/Lot: 43/157
	  			  		  			  		  		
	 Land:
	  	$	8,530,000	  	N/A	  	$	8,530,000	  		  		
	 Improvements:
	  	 	181,470,000	  	N/A	  	 	29,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	190,000,000	  	N/A	  	$	37,530,000	  	4,388,087	  		
						
	 Block/Lot: 44/177
	  			  		  			  		  		
	 Land:
	  	$	10,398,700	  	N/A	  	$	10,398,700	  		  		
	 Improvements:
	  	 	19,001,000	  	N/A	  	 	5,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	29,399,700	  	N/A	  	$	15,398,700	  	402,949	  		
						
	 Tax Year: 1999
	  			  		  			  		  	2.957	%
	 Block/Lot: 38/2
	  			  		  			  		  		
	 Land:
	  	$	8,530,000	  	N/A	  	$	8,530,000	  		  		
	 Improvements:
	  	 	181,470,000	  	N/A	  	 	29,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	190,000,000	  	N/A	  	$	37,530,000	  	4,508,538	  		
						
	 Block/Lot: 37/22
	  			  		  			  		  		
	 Land:
	  	$	10,398,700	  	N/A	  	$	10,398,700	  		  		
	 Improvements:
	  	 	18,275,200	  	N/A	  	 	4,900,350	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	28,673,900	  	N/A	  	$	15,299,050	  	395,494	  		
						
	 Tax Year: 2000
	  			  		  			  		  	3.090	%
	 Block/Lot: 38/2
	  			  		  			  		  		
	 Land:
	  	$	8,530,000	  	N/A	  	$	8,530,000	  		  		
	 Improvements:
	  	 	37,460,600	  	N/A	  	 	0	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	45,990,600	  	N/A	  	$	8,530,000	  	1,157,533	  		
						
	 Block/Lot: 37/22
	  			  		  			  		  		
	 Land:
	  	$	10,398,700	  	N/A	  	$	10,398,700	  		  		
	 Improvements:
	  	 	5,619,000	  	N/A	  	 	0	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	16,017,700	  	N/A	  	$	10,398,700	  	173,627	  		

  

 5 

 TRUMP TAX APPEALS SETTLEMENT 
 SCHEDULE A 
  

														
	 	  	Original
Assessment	  	County Board
Judgment	  	Requested Tax
Court Judgment	  	Relief	  	Tax Rate	 
	 Tax Year: 2001
	  			  		  			  		  	3.095	%
	 Block/Lot: 38/2
	  			  		  			  		  		
	 Land:
	  	$	8,530,000	  	N/A	  	$	8,530,000	  		  		
	 Improvements:
	  	 	5,595,800	  	N/A	  	 	0	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	14,125,800	  	N/A	  	$	8,530,000	  	173,190	  		
		  			  		  			  	16,108,647	  		
		  			  		  			  	 	  		
	 Trump Marina
	  			  		  			  		  		
						
	 Tax Year: 2004
	  			  		  			  		  	3.421	%
	 Block/Lot: 571/1
	  			  		  			  		  		
	 Land:
	  	$	31,918,500	  	N/A	  	$	31,918,500	  		  		
	 Improvements:
	  	 	271,300,500	  	N/A	  	 	250,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	303,219,000	  	N/A	  	$	281,918,500	  	728,690	  		
						
	 Tax Year: 2005
	  			  		  			  		  	3.502	%
	 Block/Lot: 571/1
	  			  		  			  		  		
	 Land:
	  	$	31,918,500	  	N/A	  	$	31,918,500	  		  		
	 Improvements:
	  	 	271,300,500	  	N/A	  	 	250,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	303,219,000	  	N/A	  	$	281,918,500	  	745,944	  		
						
	 Tax Year: 2006
	  			  		  			  		  	3.696	%
	 Block/Lot: 571/1
	  			  		  			  		  		
	 Land:
	  	$	31,918,500	  	N/A	  	$	31,918,500	  		  		
	 Improvements:
	  	 	271,300,500	  	N/A	  	 	250,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	303,219,000	  	N/A	  	$	281,918,500	  	787,266	  		
						
	 Tax Year: 2007
	  			  		  			  		  	3.726	%
	 Block/Lot: 571/1
	  			  		  			  		  		
	 Land:
	  	$	31,918,500	  	N/A	  	$	31,918,500	  		  		
	 Improvements:
	  	 	271,300,500	  	N/A	  	 	250,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	303,219,000	  	N/A	  	$	281,918,500	  	793,657	  		
		  			  		  			  	3,055,557	  		
		  			  		  			  	 	  		
	 Trump Plaza
	  			  		  			  		  		
						
	 Tax Year: 2004
	  			  		  			  		  	3.421	%
	 Block/Lot: 39/2
	  			  		  			  		  		
	 Land:
	  	$	8,510,500	  	N/A	  	$	8,510,500	  		  		
	 Improvements:
	  	 	71,228,800	  	N/A	  	 	49,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	79,739,300	  	N/A	  	$	57,510,500	  	760,447	  		
		  			  	34361106.65	  			  		  		

  

 6 

 TRUMP TAX APPEALS SETTLEMENT 
 SCHEDULE A 
  

														
	 	  	Original
Assessment	  	County Board
Judgment	  	Requested Tax
Court Judgment	  	Relief	  	Tax Rate	 
	 Block/Lot: 39/3
	  			  		  			  		  		
	 Land:
	  	$	6,990,700	  	N/A	  	$	6,990,700	  		  		
	 Improvements:
	  	 	57,950,800	  	N/A	  	 	40,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	64,941,500	  	N/A	  	$	46,990,700	  	614,097	  		
						
	 Block/Lot: 39/4
	  			  		  			  		  		
	 Land:
	  	$	8,603,900	  	N/A	  	$	8,603,900	  		  		
	 Improvements:
	  	 	113,727,000	  	N/A	  	 	80,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	122,330,900	  	N/A	  	$	88,603,900	  	1,153,801	  		
						
	 Tax Year: 2005
	  			  		  			  		  	3.502	%
	 Block/Lot: 39/2
	  			  		  			  		  		
	 Land:
	  	$	8,510,500	  	N/A	  	$	8,510,500	  		  		
	 Improvements:
	  	 	71,228,800	  	N/A	  	 	49,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	79,739,300	  	N/A	  	$	57,510,500	  	778,453	  		
						
	 Block/Lot: 39/3
	  			  		  			  		  		
	 Land:
	  	$	6,990,700	  	N/A	  	$	6,990,700	  		  		
	 Improvements:
	  	 	57,950,800	  	N/A	  	 	40,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	64,941,500	  	N/A	  	$	46,990,700	  	628,637	  		
						
	 Block/Lot: 39/4
	  			  		  			  		  		
	 Land:
	  	$	8,603,900	  	N/A	  	$	8,603,900	  		  		
	 Improvements:
	  	 	113,727,000	  	N/A	  	 	80,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	122,330,900	  	N/A	  	$	88,603,900	  	1,181,120	  		
						
	 Tax Year: 2006
	  			  		  			  		  	3.696	%
	 Block/Lot: 39/2
	  			  		  			  		  		
	 Land:
	  	$	8,510,500	  	N/A	  	$	8,510,500	  		  		
	 Improvements:
	  	 	71,228,800	  	N/A	  	 	49,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	79,739,300	  	N/A	  	$	57,510,500	  	821,576	  		
						
	 Block/Lot: 39/3
	  			  		  			  		  		
	 Land:
	  	$	6,990,700	  	N/A	  	$	6,990,700	  		  		
	 Improvements:
	  	 	57,950,800	  	N/A	  	 	40,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	64,941,500	  	N/A	  	$	46,990,700	  	663,462	  		
						
	 Block/Lot: 39/4
	  			  		  			  		  		
	 Land:
	  	$	8,603,900	  	N/A	  	$	8,603,900	  		  		
	 Improvements:
	  	 	113,727,000	  	N/A	  	 	80,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	122,330,900	  	N/A	  	$	88,603,900	  	1,246,550	  		
						
	 Tax Year: 2007
	  			  		  			  		  	3.726	%
	 Block/Lot: 39/2
	  			  		  			  		  		
	 Land:
	  	$	8,510,500	  	N/A	  	$	8,510,500	  		  		
	 Improvements:
	  	 	71,228,800	  	N/A	  	 	49,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	79,739,300	  	N/A	  	$	57,510,500	  	828,245	  		

  

 7 

 TRUMP TAX APPEALS SETTLEMENT 
 SCHEDULE A 
  

														
	 	  	Original
Assessment	  	County Board
Judgment	  	Requested Tax
Court Judgment	  	Relief	  	Tax Rate	 
	 Block/Lot: 39/3
	  			  		  			  		  		
	 Land:
	  	$	6,990,700	  	N/A	  	$	6,990,700	  		  		
	 Improvements:
	  	 	57,950,800	  	N/A	  	 	40,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	64,941,500	  	N/A	  	$	46,990,700	  	668,847	  		
						
	 Block/Lot: 39/4
	  			  		  			  		  		
	 Land:
	  	$	8,603,900	  	N/A	  	$	8,603,900	  		  		
	 Improvements:
	  	 	113,727,000	  	N/A	  	 	80,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	122,330,900	  	N/A	  	$	88,603,900	  	1,256,668	  		
		  			  		  			  	10,601,902	  		
		  			  		  			  	 	  		
	 Trump Taj Mahal
	  			  		  			  		  		
						
	 Tax Year: 2006
	  			  		  			  		  	3.696	%
	 Block/Lot: 61/5
	  			  		  			  		  		
	 Land:
	  	$	61,268,300	  	N/A	  	$	61,268,300	  		  		
	 Improvements:
	  	 	156,745,900	  	N/A	  	 	126,050,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	218,014,200	  	N/A	  	$	187,318,300	  	1,134,520	  		
						
	 Block/Lot: 61/7
	  			  		  			  		  		
	 Land:
	  	$	49,821,000	  	N/A	  	$	49,821,000	  		  		
	 Improvements:
	  	 	251,349,300	  	N/A	  	 	225,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	301,170,300	  	N/A	  	$	274,821,000	  	973,870	  		
						
	 Tax Year: 2007
	  			  		  			  		  	3.726	%
	 Block/Lot: 61/5
	  			  		  			  		  		
	 Land:
	  	$	61,268,300	  	N/A	  	$	61,268,300	  		  		
	 Improvements:
	  	 	156,745,900	  	N/A	  	 	126,050,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	218,014,200	  	N/A	  	$	187,318,300	  	1,143,729	  		
						
	 Block/Lot: 61/7
	  			  		  			  		  		
	 Land:
	  	$	49,821,000	  	N/A	  	$	49,821,000	  		  		
	 Improvements:
	  	 	251,349,300	  	N/A	  	 	225,000,000	  		  		
		  	 	 	  		  	 	 	  		  		
	 Total:
	  	$	301,170,300	  	N/A	  	$	274,821,000	  	981,775	  		
		  			  		  			  	4,233,895	  		
		  			  		  			  	 	  		
		  			  		  			  		  		
		  			  		  			  	 	  		
		  			  		  			  	34,000,000	  		
		  			  		  			  	 	  		

  

 8 

 TRUMP TAX APPEALS SETTLEMENT 
 SCHEDULE A 
  

									
	 	  	 Original
 Assessment
	  	 Requested
 Assessment
	  	 Assessment
 Reduction
	  	 Tax
 Relief

	 WF
	  		  		  		  	
	 1997
	  	221,131,800	  	54,660,800	  	166,471,000	  	4,909,230
	 1998
	  	221,131,800	  	54,660,800	  	166,471,000	  	4,791,035
	 1999
	  	221,131,800	  	55,286,950	  	165,844,850	  	4,904,032
	 2000
	  	66,528,200	  	23,448,600	  	43,079,600	  	1,331,160
	 2001
	  	28,239,900	  	22,644,100	  	5,595,800	  	173,190
		  		  		  		  	 
		  		  		  		  	16,108,647
					
	 Marina
	  		  		  		  	
	 2004
	  	308,138,000	  	286,837,500	  	21,300,500	  	728,690
	 2005
	  	308,138,000	  	286,837,500	  	21,300,500	  	745,944
	 2006
	  	308,138,000	  	286,837,500	  	21,300,500	  	787,266
	 2007
	  	308,138,000	  	286,837,500	  	21,300,500	  	793,657
		  		  		  		  	 
		  		  		  		  	3,055,557
					
	 Plaza
	  		  		  		  	
	 2004
	  	385,728,400	  	311,821,800	  	73,906,600	  	2,528,345
	 2005
	  	385,728,400	  	311,821,800	  	73,906,600	  	2,588,209
	 2006
	  	385,728,400	  	311,821,800	  	73,906,600	  	2,731,588
	 2007
	  	385,728,400	  	311,821,800	  	73,906,600	  	2,753,760
		  		  		  		  	 
		  		  		  		  	10,601,902
					
	 Taj
	  		  		  		  	
	 2006
	  	660,826,800	  	603,781,600	  	57,045,200	  	2,108,391
	 2007
	  	660,826,800	  	603,781,600	  	57,045,200	  	2,125,504
		  		  		  		  	 
		  		  		  		  	4,233,895
					
	 Total
	  		  		  		  	34,000,000
		  		  		  		  	 

  

 9 

 SCHEDULE B 
  

				
	 	  	Amount of Credits
	 2009
	  	$	4,000,000
		
	 2010
	  	$	4,000,000
		
	 2011
	  	$	4,000,000
		
	 2012
	  	$	5,000,000
		
	 2013
	  	$	5,000,000
		  	 	 
		  	$	22,000,000

 Such credits shall be applied in each year beginning with the first quarter tax installment until such credit is
exhausted for such year. 
  

 10Employement  Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this “Agreement”) is entered into
effective July 16, 2007 (the “Effective Date”), by and between DaVita Inc. (“Employer”) and Patricia Jones (“Employee”). 
 In consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the parties hereto, intending to be legally bound hereby, agree as follows: 
 Section 1. Employment and Duties. Employer hereby employs Employee to serve initially as Chief People Officer. Employee accepts such
employment on the terms and conditions set forth in this Agreement. She shall report to the Chief Executive Officer. Employee shall perform the duties of Chief People Officer or any additional or different duties or jobs as the Company deems
appropriate. Initially, Employee shall work out of Employer’s El Segundo headquarters. Employee agrees to devote substantially all of her time, energy, and ability to the business of Employer on a full-time basis and shall not engage in any
other business activities during the term of this Agreement, provided however, Employee may pursue normal charitable activities so long as such activities do not require a substantial amount of time and do not interfere with her ability to
perform her duties. Employee agrees that she shall not serve on the board of directors of any not-for-profit or for-profit company without the express written approval of the Chief Executive Officer or the Board of Directors. Employee shall at all
times observe and abide by the Employer’s policies and procedures as in effect from time to time. 
 Section 2.
Compensation. In consideration of the services to be performed by Employee hereunder, Employee shall receive the following compensation and benefits: 
 2.1 Base Salary. Employer shall pay Employee a base salary of $350,000 per annum, less standard withholdings and authorized
deductions. Employee shall be paid consistent with Employer’s payroll schedule. The base salary will be reviewed from time to time. Employer, in its sole discretion, may increase the base salary as a result of any such review. 
 2.2 Benefits. Employee and/or her family, as the case may be, shall be eligible for participation in and shall receive all benefits
under Employer’s health and welfare benefit plans (including, without limitation, medical, prescription, dental, disability, and life insurance) under the same terms and conditions applicable to most executives at similar levels of compensation
and responsibility. 
 2.3 Performance Bonus. 
 (a) Employee shall be eligible to receive a discretionary performance bonus (the “Bonus”) between zero and $250,000, payable in
a manner consistent with Employer’s practices and procedures. The amount of the Bonus, if any, will be decided by the Chief Executive Officer and/or the Board of Directors or the Compensation Committee of the Board in his/her/its sole
discretion. Notwithstanding the above, Employer shall guarantee Employee 50% of her Bonus for the first two years of her employment. 
 (b) Employee must be employed by Employer (or an affiliate) on the date any Bonus is paid to be eligible to receive such Bonus and, if Employee is not employed by Employer (or an affiliate) on the date any Bonus is paid for any reason
whatsoever, Employee shall not be entitled to receive such Bonus. 
 2.4 Sign-On Bonus: On the Effective Date, Employer
shall pay Employee a sign-on bonus of $40,000, less standard withholdings and authorized deductions. Additionally, at the end of 2007, Employer shall pay Employee a bonus of $40,000, less standard withholdings and authorized deductions, so long as
Employee is still employed by the Employer (or an affiliate) on the date this additional bonus is paid. 

 2.5 Relocation. 
 (a) Employer shall pay certain of Employee’s reasonable relocation costs pursuant to its policies and practices, so long as those
expenses have been previously approved by the Employer’s Chief Executive Officer. Employer shall provide Employee with information concerning its policies and practices. 
 (b) To assist Employee with the cost of housing in California, so long as Employee is employed by Employer, Employer shall pay Employee
$110,000 per year, less withholdings, for the first 3 years after she relocates. This payment shall be paid in equal installments over each pay period during the year. 
 2.6 Vacation. Employee shall have vacation, subject to the approval of the Chief Executive Officer. 
 2.7 Stock Appreciation Rights. Employer shall issue a grant to Employee of
stock-settled Stock Appreciation Rights (“SSARS”) on a base number of 25,000 shares of DaVita common stock, upon approval. This grant shall have a five-year term and vest 25% on the first anniversary date of the grant, 8.33% on the 20th month of the grant, and 8.33% every 4 months thereafter. The exercise price shall be the closing price as reported on the New York Stock Exchange on the
Effective Date, the date on which Employee has begun his employment with Employer and has begun to perform the services set forth within this Agreement, or on the date that appropriate approval has been obtained, whichever is later. The terms of the
SSARS grant will be reflected in a separate agreement to be signed by Employer and Employee. 
 2.8 Restricted Stock
Units. On the Effective Date, on the date on which Employee has begun his employment with Employer and has begun to perform the services set forth within this Agreement, or on the date appropriate approval has been given, whichever date is
later, Employee will receive 6,250 shares of Employer’s restricted stock units, entitling Employee to the same number of full shares of DaVita common stock, subject to the following vesting conditions: such restricted stock units shall vest
over a five-year period, one-third vesting on the third anniversary date of the grant, 11.11 % at 40th month of the grant, then 11.11% every 4 months thereafter until the 60th month. The terms of the restricted stock units will be reflected in
a separate Restricted Stock Units Agreement to be signed by Employer and Employee. 
 2.9 Management Share Ownership
Policy. Employee shall review and understand the terms of the Management Share Ownership Policy with respect to all equity-based awards. 
 2.10 Indemnification. Employer agrees to indemnify Employee against and in respect of any and all claims, actions, or demands, to the extent permitted by the Company’s By-laws and applicable law.

 2.11 Reimbursement. Employer also agrees to reimburse Employee in accordance with Employer’s reimbursement
policies for travel and entertainment expenses, as well as other business-related expenses, incurred in the performance of her duties hereunder. 
 2.12 Changes to Benefit Plans. Employer reserves the right to modify, suspend, or discontinue any and all of its health and welfare benefit plans, practices, policies, and programs at any time without recourse
by Employee so long as such action is taken generally with respect to all other similarly-situated peer executives and does not single out Employee. 
 Section 3. Provisions Relating to Termination of Employment. 
 3.1 Employment
Is At-Will. Employee’s employment with Employer is “at will” and is terminable by Employer or by Employee at any time and for any reason or no reason, subject to the notice requirements set forth below. 
 3.2 Termination for Material Cause. Employer may terminate Employee’s employment without advanced notice for Material
Cause (as defined below). Upon termination for Material Cause, Employee shall (i) be entitled to receive the Base Salary and benefits as set forth in Section 2.1 and Section 2.2, respectively, through the
effective date of such termination and (ii) not be entitled to receive any other 

  

 2 

 
compensation, benefits, or payments of any kind, except as otherwise required by law or by the terms of any benefit or retirement plan or other arrangement
that would, by its terms, apply. 
 3.3 Other Termination. 
 (a) Employer may terminate the employment of Employee for any reason or for no reason at any time upon at least thirty
(30) days’ advance written notice. If Employer terminates the employment of Employee for reasons other than for Material Cause, death, or Disability, Employee shall (i) be entitled to receive the Base Salary and benefits as set forth
in Section 2.1 and Section 2.2, respectively, through the effective date of such termination or resignation, (ii) continue to receive her salary for the one-year period (“Severance Period”) following the
termination of her employment, and (iii) not be entitled to receive any other compensation, benefits, or payments of any kind, except as otherwise required by law or by the terms of any benefit or retirement plan or other arrangement that
would, by its terms, apply. 
 (b) Once Employee accepts employment (as an employee or as an independent contractor) during
the Severance Period, Employer may reduce its obligation under clause (ii) of Section 3.3(a) dollar-for-dollar for every dollar Employee earns in base salary or other compensation (including fees earned as a consultant, fees earned
as a director, signing bonus, performance bonus, special or other bonus) during the Severance Period from her new employer. Employee may not defer compensation with her new employer (including, but not limited to, performing non-compensated work
during the Severance Period, only to start being compensated at the conclusion of the Severance Period) or take any other action in an effort to avoid the dollar-for-dollar reduction required by this Section 3.3 of the
Agreement, and that if Employee does take such action, the Company’s obligations under this Section may be reduced accordingly by the Company it its discretion. Employee agrees to use reasonable efforts to find employment during the Severance
Period. 
 (c) During the Severance Period, Employee agrees (1) to make herself available to answer questions and to
cooperate in the transition of her duties, (2) to respond to any inquiries from the Compliance Department, including making herself available for interviews, and (3) to cooperate with Employer in the prosecution and/or defense of any
claim, including making herself available for any interviews, appearing at depositions, and producing requested documents without a subpoena. Employer shall reimburse Employee for any out-of-pocket expenses she may incur, including travel costs,
provided that Employee used the Employer’s travel department to arrange and purchase all travel-related expenses. 
 (d)
Employee must execute the Employer’s standard Severance and General Release Agreement before being eligible to receive the severance benefits set forth above. All severance arrangements shall comply with the American Jobs Creation Act of 2004,
all related regulations, and all other laws and regulations governing the payment of severances, including all waiting periods, as well as Employer’s severance policy. 
 3.4 Voluntary Resignation. Employee may resign from Employer at any time upon at least thirty (30) days’ advance written
notice. If Employee resigns from Employer, Employee shall (i) be entitled to receive the base salary and benefits as set forth in Section 2.1 and Section 2.2, respectively, through the effective date of such termination
and (ii) not be entitled to receive any other compensation, benefits, or payments of any kind, except as otherwise required by law or by the terms of any benefit or retirement plan or other arrangement that would, by its terms, apply. In the
event Employee resigns from Employer at any time, Employer shall have the right to make such resignation effective as of any date before the expiration of the required notice period. 
 3.5 Disability. Upon thirty (30) days’ advance notice (which notice may be given before the completion of the periods
described herein), Employer may terminate Employee’s employment for Disability (as defined below). 
  

 3 

 3.6 Definitions. For the purposes of this Agreement, the following terms shall
have the meanings indicated: 
 (a) “Disability” shall mean the inability, for a period of six (6) months, to
adequately perform Employee’s regular duties, with or without reasonable accommodation, due to a physical or mental illness, condition, or disability. 
 (b) “Material Cause” shall mean any of the following: (i) conviction of a felony or plea of no contest to a felony; (ii) any act of fraud or dishonesty in connection with the performance of her
duties; (iii) repeated failure or refusal by Employee to follow policies or directives reasonably established by the Chief Executive Officer of Employer or his/her designee that goes uncorrected for a period of ten (10) consecutive days
after written notice has been provided to Employee; (iv) a material breach of this Agreement; (v) any gross or willful misconduct or gross negligence by Employee in the performance of her duties; (vi) egregious conduct by Employee
that brings Employer or any of its subsidiaries or affiliates into public disgrace or disrepute; (vii) an act of unlawful discrimination, including sexual harassment; (viii) a violation of the duty of loyalty or of any fiduciary duty; or
(ix) exclusion or notice of exclusion of Employee from participating in any federal health care program. 
 3.7 Notice
of Termination. Any purported termination of Employee’s employment by Employer or by Employee shall be communicated by a written Notice of Termination to the other party hereto in accordance with Section 5 hereof. A “Notice
of Termination” shall mean a written notice that indicates the specific termination provision in this Agreement. 
 3.8
Effect of Termination. Upon termination, this Agreement shall be of no further force and effect and neither party shall have any further right or obligation hereunder; provided, however, that no termination shall modify or affect the rights
and obligations of the parties that have accrued prior to termination; and provided further, that the rights and obligations of the parties under Section 3, Section 4, and Section 5 shall survive
termination of this Agreement. 
 Section 4: Non-Solicitation, Non-Competition and Confidentiality. Employee, contemporaneously
herewith, shall enter into a Non-Solicitation, Non-Competition and Confidentiality Agreement, the terms of which are incorporated herein and made a part hereof as though set forth in this Agreement. 
 Section 5. Miscellaneous. 
 5.1. Entire Agreement; Amendment. This Agreement represents the entire understanding of the parties hereto with respect to the employment of Employee and supersedes all prior agreements with respect thereto.
This Agreement may not be altered or amended except in writing executed by both parties hereto. 
 5.2. Assignment;
Benefit. This Agreement is personal and may not be assigned by Employee. This Agreement may be assigned by Employer and shall inure to the benefit of and be binding upon the successors and assigns of Employer. 
 5.3. Notice. Notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have
been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed to Employer at its principal office and to Employee at Employee’s principal residence as shown in Employer’s
personnel records, provided that all notices to Employer shall be directed to the attention of the Chief Executive Officer, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that
notice of change of address shall be effective only upon receipt. 
 5.4. Construction. Each party has cooperated in
the drafting and preparation of this Agreement. Hence, in any construction to be made of this Agreement, the same shall not be construed against any party on the basis that the party was the drafter. The captions of this Agreement are not part of
the provisions hereof and shall have no force or effect. 
  

 4 

 5.5 Execution. This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. Photographic or facsimile copies of such signed counterparts may be used in lieu of the originals for any purpose. 
 5.6 Legal Counsel. Employee and Employer recognize that this is a legally binding contract and acknowledge and agree that they have
had the opportunity to consult with legal counsel of their choice. 
 5.7 Waiver. The waiver by any party of a breach
of any provision of this Agreement by the other shall not operate or be construed as a waiver of any other or subsequent breach of such or any provision. 
 5.8 Invalidity of Provision. In the event that any provision of this Agreement is determined to be illegal, invalid, or void for any reason, the remaining provisions hereof shall continue in full force and
effect. 
 5.9 Approval by DaVita Inc. as to Form. The parties acknowledge and agree that this Agreement shall take
effect and be legally binding upon the parties only upon full execution hereof by the parties and upon approval by DaVita Inc. as to the form of hereof. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the date and year first written above. 
  

									
	DAVITA INC.	 		 	EMPLOYEE
					
	By	 	/s/    KENT J. THIRY        	 		 	By	 	/s/    PATRICIA JONES        
		 	Kent J. Thiry	 		 		 	Patricia Jones
		 	Chairman and Chief Executive Officer	 		 		 	
			
	 	 		 	6/1/07
	Date	 		 	Date
				
	Approved by DaVita Inc. as to Form:	 		 		 	
				
	/s/    STEVEN M.
COOPER        	 		 		 	
	Steven M. Cooper	 		 		 	
	Assistant General Counsel—Labor	 		 		 	

  

 5

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