Document:

VANGUARD HEALTH SYSTEMS, INC.

EXHIBIT 10.1

INDEMNIFICATION AGREEMENT

            This Indemnification Agreement is dated as of _______________, 20___ (this “Agreement”) and is between Vanguard Health Systems, Inc., a Delaware corporation (the “Company”), and [Name of
director/officer] (“Indemnitee”).

            BACKGROUND

            The Company believes that, in order to attract and retain highly competent persons to serve as directors or in other capacities, including as officers, it must
provide such persons with adequate protection through indemnification against the risks of claims and actions against them arising out of their services to and activities on behalf of the Company.

            The Company desires and has requested Indemnitee to serve as a [director] [officer] of the Company and, in order to induce the Indemnitee to serve as a
[director] [officer] of the Company, the Company is willing to grant the Indemnitee the indemnification provided for herein. Indemnitee is willing to so serve on the basis that such indemnification be provided.

            The parties by this Agreement desire to set forth their agreement regarding indemnification and the advancement of expenses.

            In consideration of Indemnitee’s service to the Company and the covenants and agreements set forth below, and for other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows.

            Section 1.         Indemnification.

            To the fullest extent permitted by the General Corporation Law of the State of Delaware (the “DGCL”):

                        (a)         The Company shall indemnify Indemnitee if
Indemnitee was or is made or is threatened to be made a party to, or is otherwise involved in, as a witness or otherwise, any threatened, pending or completed action, suit or proceeding (brought in the right of the Company or otherwise), whether civil, criminal,
administrative or investigative and whether formal or informal, including appeals, by reason of the fact that Indemnitee is or was or has agreed to serve as a director, officer, employee or agent of the Company, or while serving as a director or officer of the
Company, is or was serving or has agreed to serve at the request of the Company as a director, officer, employee or agent (which, for purposes hereof, shall include a trustee, fiduciary, partner or manager or similar capacity) of another corporation, limited
liability company, partnership, joint venture, trust, employee benefit plan or other enterprise, or by reason of any action alleged to have been taken or omitted in any such capacity.

                        (b)        The indemnification provided by this Section 1
shall be from and against all loss and liability suffered and expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by or on behalf of Indemnitee in connection with such action, suit or
proceeding, including any appeals.

            Section 2.         Advance Payment of Expenses. To the fullest extent permitted by the DGCL, expenses
(including attorneys’ fees) incurred by Indemnitee in appearing at, participating in or defending any action, suit or proceeding or in connection with an enforcement action as contemplated by Section 3(e), shall be paid by the Company in advance of the final
disposition of such action, suit or proceeding within 30 days after receipt by the Company of a statement or statements from Indemnitee requesting such advance or

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advances from time to time. The Indemnitee hereby undertakes to repay any amounts advanced (without interest) to the extent that it is ultimately  determined  that  Indemnitee  is not entitled  under 
this Agreement to be  indemnified by the Company in respect thereof. No other form of undertaking shall be required of Indemnitee other than the execution of this Agreement. This Section 2 shall be subject to Section 3(b) and shall not apply to any claim made by
Indemnitee for which indemnity is excluded pursuant to Section 6.

            Section 3.         Procedure for Indemnification: Notification and Defense of Claim.

                        (a)         Promptly after receipt by Indemnitee of
notice of the commencement of any action, suit or proceeding, Indemnitee shall, if a claim in respect thereof is to be made against the Company hereunder, notify the Company in writing of the commencement thereof. The failure to promptly notify the Company of the
commencement of the action, suit or proceeding, or of Indemnitee’s request for indemnification, will not relieve the Company from any liability that it may have to Indemnitee hereunder, except to the extent the Company is actually and materially prejudiced in
its defense of such action, suit or proceeding as a result of such failure. To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request therefor including such documentation and information as is reasonably available to
Indemnitee and is reasonably necessary to enable the Company to determine whether and to what extent Indemnitee is entitled to indemnification.

                        (b)        With respect to any action, suit or proceeding
of which the Company is so notified as provided in this Agreement, the Company shall, subject to the last two sentences of this paragraph, be entitled to assume the defense of such action, suit or proceeding, with counsel reasonably acceptable to Indemnitee, upon the
delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any
subsequently incurred fees of separate counsel engaged by Indemnitee with respect to the same action, suit or proceeding unless the employment of separate counsel by Indemnitee has been previously authorized in writing by the Company. Notwithstanding the foregoing,
if Indemnitee, based on the advice of his or her counsel, shall have reasonably concluded (with written notice being given to the Company setting forth the basis for such conclusion) that, in the conduct of any such defense, there is or is reasonably likely to be a
conflict of interest or position between the Company and Indemnitee with respect to a significant issue, then the Company will not be entitled, without the written consent of Indemnitee, to assume such defense. In addition, the Company will not be entitled, without
the written consent of Indemnitee, to assume the defense of any claim brought by or in the right of the Company.

                        (c)         To the fullest extent permitted by the
DGCL, the Company’s assumption of the defense of an action, suit or proceeding in accordance with paragraph (b) above will constitute an irrevocable acknowledgement by the Company that any loss and liability suffered by Indemnitee and expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement by or for the account of Indemnitee incurred in connection therewith are indemnifiable by the Company under Section 1 of this Agreement.

                        (d)        The determination whether to grant
Indemnitee’s indemnification request shall be made promptly and in any event within 30 days following the Company’s receipt of a request for indemnification in accordance with Section 3(a). If the Company determines that Indemnitee is entitled to such
indemnification or, as contemplated by paragraph (c) above, the Company has acknowledged such entitlement, the Company will make payment to Indemnitee of the indemnifiable amount within such 30 day period. If the Company is not deemed to have so acknowledged such
entitlement or the Company’s determination of whether to grant Indemnitee’s indemnification request shall not have been made within such 30 day period, the requisite determination of entitlement to indemnification shall, subject to Section 6, nonetheless
be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection
with the request for indemnification, or (ii) a prohibition of such indemnification under the DGCL.

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                        (e)         In the event that (i) the Company
determines in accordance with this Section 3 that Indemnitee is not entitled to indemnification under this Agreement, (ii) the Company denies a request for indemnification, in whole or in part, or fails to respond or make a determination of entitlement to
indemnification within 30 days following receipt of a request for indemnification as described above, (iii) payment of indemnification is not made within such 30 day period, (iv) advancement of expenses is not timely made in accordance with Section 2, or (v) the
Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be
provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication in any court of competent jurisdiction of his or her entitlement to such indemnification or advancement of expenses. Indemnitee’s expenses (including attorneys’ fees)
incurred in connection with successfully establishing Indemnitee’s right to indemnification or advancement of expenses, in whole or in part, in any such proceeding or otherwise shall also be indemnified by the Company to the fullest extent permitted by the
DGCL.

                        (f)         Indemnitee shall be presumed to be
entitled to indemnification and advancement of expenses. under this Agreement upon submission of a request therefor in accordance with Section 2 or Section 3 of this Agreement, as the case may be. The Company shall have the burden of proof in overcoming such
presumption, and such presumption shall be used as a basis for a determination of entitlement to indemnification and advancement of expenses unless the Company overcomes such presumption by clear and convincing evidence.

            Section 4.         Insurance and Subrogation.

                        (a)         The Company shall use its reasonable best
efforts to purchase and maintain a policy or policies of insurance with reputable insurance companies with A.M. Best ratings of “A” or better, providing Indemnitee with coverage for any liability asserted against, and incurred by, Indemnitee or on
Indemnitee’s behalf by reason of the fact that Indemnitee is or was or has agreed to serve as a director, officer, employee or agent of the Company, or while serving as a director or officer of the Company, is or was serving or has agreed to serve at the
request of the Company as a director, officer, employee or agent (which, for purposes hereof, shall include a trustee, fiduciary, partner or manager or similar capacity) of another corporation, limited liability company, partnership, joint venture, trust, employee
benefit plan or other enterprise, or arising out of Indemnitee’s status as such, whether or not the Company would have the power to indemnify Indemnitee against such liability under the provisions of this Agreement. Such insurance policies shall have coverage
terms and policy limits at least as favorable to Indemnitee as the insurance coverage provided to any other director or officer of the Company. If the Company has such insurance in effect at the time the Company receives from Indemnitee any notice of the commencement
of an action, suit or proceeding, the Company shall give prompt notice of the commencement of such action, suit or proceeding to the insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable
action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policy.

                        (b)        Subject to Section 9(b), in the event of any
payment by the Company under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee with respect to any insurance policy. Indemnitee shall execute all papers required and take all action necessary
to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights in accordance with the terms of such insurance policy. The Company shall pay or reimburse all expenses actually and reasonably
incurred by Indemnitee in connection with such subrogation.

                        (c)         Subject to Section 9(b), the Company shall
not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder (including, but not limited to, judgments, fines and amounts paid in settlement, and ERISA excise taxes or penalties) if and to the extent that

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Indemnitee has otherwise actually received such payment under this Agreement or any insurance policy, contract, agreement or otherwise.

            Section 5.         Certain Definitions. For purposes of this Agreement, the following definitions shall
apply:

                        (a)         The term “action, suit or
proceeding” shall be broadly construed and shall include, without limitation, the investigation, preparation, prosecution, defense, settlement, arbitration and appeal of, and the giving of testimony in, any threatened, pending or completed claim,
action, suit, arbitration, alternative dispute mechanism or proceeding, whether civil, criminal, administrative or investigative.

                        (b)        The term “by reason of the fact that
Indemnitee is or was or has agreed to serve as a director, officer, employee or agent of the Company, or while serving as a director or officer of the Company, is or was serving or has agreed to serve at the request of the Company as a director, officer. employee or
agent (which, for purposes hereof, shall include a trustee, partner or manager or similar capacity) of another corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise” shall be broadly
construed and shall include, without limitation, any actual or alleged act or omission to act.

                        (c)         The term
“expenses” shall be broadly construed and shall include, without limitation, all direct and indirect costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements, appeal bonds,
other out of pocket costs and reasonable compensation for time spent by Indemnitee for which Indemnitee is not otherwise compensated by the Company or any third party), actually and reasonably incurred by Indemnitee in connection with either the investigation,
defense or appeal of an action, suit or proceeding or establishing or enforcing a right to indemnification under this Agreement or otherwise incurred in connection with a claim that is indemnifiable hereunder.

                        (d)        The term “.judgments, fines and
amounts paid in settlement” shall be broadly construed and shall include, without limitation, all direct and indirect payments of any type or nature whatsoever, as well as any penalties or excise taxes assessed on a person with respect to an employee
benefit plan).

            Section 6.         Limitation on Indemnification. Notwithstanding any other provision herein to
the contrary, the Company shall not be obligated pursuant to this Agreement:

                        (a)         Claims Initiated by Indemnitee.
Prior to a change of control, to indemnify or advance expenses to Indemnitee with respect to an action, suit or proceeding (or part thereof), however denominated, initiated by Indemnitee, other than (i) an action, suit or proceeding brought to establish or enforce a
right to indemnification or advancement of expenses under this Agreement (which shall be governed by the provisions of Section 6(b) of this Agreement) and (ii) an action, suit or proceeding (or part thereof) was authorized or consented to by the Board of Directors of
the Company, it being understood and agreed that such authorization or consent shall not be unreasonably withheld in connection with any compulsory counterclaim brought by Indemnitee in response to an action, suit or proceeding otherwise indemnifiable under this
Agreement.

                        (b)        Action for Indemnification. To indemnify
Indemnitee for any expenses incurred by Indemnitee with respect to any action, suit or proceeding instituted by Indemnitee to enforce or interpret this Agreement, unless Indemnitee is successful in such action, suit or proceeding in establishing Indemnitee’s
right, in whole or in part, to indemnification or advancement of expenses hereunder (in which case such indemnification or advancement shall be to the fullest extent permitted by the DGCL), or unless and to the extent that the court in such action, suit or proceeding
shall determine that, despite Indemnitee’s failure to establish their right to indemnification, Indemnitee is entitled to indemnity for such expenses; provided,

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however, that nothing in this Section 6(b) is intended to limit the Company’s obligations with respect to the advancement of expenses to Indemnitee in connection with any such action, suit or proceeding instituted by Indemnitee
to enforce or interpret this Agreement, as provided in Section 2 hereof.

                        (c)         Section 16(b) Matters. To indemnify
Indemnitee on account of any suit in which judgment is rendered against Indemnitee for disgorgement of profits made from the purchase or sale by Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of
1934, as amended.

                        (d)        Fraud or Willful Misconduct. To indemnify
Indemnitee on account of conduct by Indemnitee where such conduct has been determined by a final (not interlocutory) judgment or other adjudication of a court or arbitration or administrative body of competent jurisdiction as to which there is no further right or
option of appeal or the time within which an appeal must be filed has expired without such filing to have been knowingly fraudulent or constitute willful misconduct.

                        (e)         Prohibited by Law. To indemnify
Indemnitee in any circumstance where such indemnification has been determined by a final (not interlocutory) judgment or other adjudication of a court or arbitration or administrative body of competent jurisdiction as to which there is no further right or option of
appeal or the time within which an appeal must be filed has expired without such filing to be prohibited by law.

            Section 7.         Certain Settlement Provisions. The Company shall have no obligation to indemnify
Indemnitee under this Agreement for any amounts paid in settlement of any action, suit or proceeding without the Company’s prior written consent. The Company shall not settle any action, suit or proceeding in any manner that would impose any fine or other
obligation on Indemnitee without Indemnitee’s prior written consent. Neither the Company nor Indemnitee will unreasonably withhold his, her, its or their consent to any proposed settlement.

            Section 8.         Savings Clause. If any provision or provisions (or portion thereof) of this Agreement
shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee if Indemnitee was or is made or is threatened to be made a party or is otherwise involved in any threatened, pending or completed
action, suit or proceeding (brought in the right of the Company or otherwise), whether civil, criminal, administrative or investigative and whether formal or informal, including appeals, by reason of the fact that Indemnitee is or was or has agreed to serve as a
director, officer, employee or agent of the Company, or while serving as a director or officer of the Company, is or was serving or has agreed to serve at the request of the Company as a director, officer, employee or agent (which, for purposes hereof, shall include
a trustee, partner or manager or similar capacity) of another corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise, or by reason of any action alleged to have been taken or omitted in such capacity, from
and against all loss and liability suffered and expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement reasonably incurred by or on behalf of Indemnitee in connection with such action, suit or proceeding, including any appeals, to
the fullest extent permitted by any applicable portion of this Agreement that shall not have been invalidated.

            Section 9.         Contribution/Jointly Indemnifiable Claims.

                        (a)         In order to provide for just and equitable
contribution in circumstances in which the indemnification provided for herein is held by a court of competent jurisdiction to be unavailable to Indemnitee in whole or in part, it is agreed that, in such event, the Company shall, to the fullest extent permitted by
law, contribute to the payment of all of Indemnitee’s loss and liability suffered and expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement reasonably incurred by or on behalf of Indemnitee in connection with any action,
suit or proceeding, including any appeals, in an amount that is just and equitable in the circumstances; provided, that, without limiting the generality of the foregoing,

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such contribution shall not be required where such holding by the court is due to any limitation on indemnification set forth in Section 4(c), 6 or 7 hereof.

                        (b)        Given that certain jointly indemnifiable claims
may arise due to the service of the Indemnitee as a director and/or officer of the Company at the request of the Indemnitee-related entities, the Company acknowledges and agrees that the Company shall be fully and primarily responsible for the payment to the
Indemnitee in respect of indemnification or advancement of expenses in connection with any such jointly indemnifiable claim, pursuant to and in accordance with the terms of this Agreement, irrespective of any right of recovery the Indemnitee may have from the
Indemnitee-related entities. Under no circumstance shall the Company be entitled to any right of subrogation or contribution by the Indemnitee-related entities and no right of advancement or recovery the Indemnitee may have from the Indemnitee-related entities shall
reduce or otherwise alter the rights of the Indemnitee or the obligations of the Company hereunder. In the event that any of the Indemnitee-related entities shall make any payment to the Indemnitee in respect of indemnification or advancement of expenses with respect
to any jointly indemnifiable claim, the Indemnitee-related entity making such payment shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee against the Company, and Indemnitee shall execute all papers reasonably required
and shall do all things that may be reasonably necessary to secure such rights, including the execution of such documents as may be necessary to enable the Indemnitee-related entities effectively to bring suit to enforce such rights. The Company and Indemnitee agree
that each of the Indemnitee-related entities shall be third-party beneficiaries with respect to this Section 9(b), entitled to enforce this Section 9(b) as though each such Indemnitee-related entity were a party to this Agreement. For purposes of this Section 9(b),
the following terms shall have the following meanings:

                                   
(i)         The term “Indemnitee-related entities” means any corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise (other than the Company
or any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise Indemnitee has agreed, on behalf of the Company or at the Company’s request, to serve as a director, officer, employee or agent and
which service is covered by the indemnity described in this Agreement) from whom an Indemnitee may be entitled to indemnification or advancement of expenses with respect to which, in whole or in part, the Company may also have an indemnification or advancement
obligation (other than as a result of obligations under an insurance policy).

                                   
(ii)         The term “ jointly indemnifiable claims” shall be broadly construed and shall include, without limitation, any action, suit or proceeding for which the Indemnitee shall be entitled to
indemnification or advancement of expenses from both the Indemnitee-related entities and the Company pursuant to the DGCL, any agreement or the certificate of incorporation, bylaws, partnership agreement, operating agreement, certificate of formation, certificate of
limited partnership or comparable organizational documents of the Company or the Indemnitee-related entities, as applicable.

            Section 10.       Change in Control.

                        (a)         The Company agrees that if there is a
change in control of the Company, then with respect to all matters thereafter arising concerning the rights of Indemnitee to indemnification and advancement of expenses under this Agreement, any other agreement or the Company’s Certificate of Incorporation or
Bylaws now or hereafter in effect, the Company shall seek legal advice only from independent counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld). In addition, upon written request by Indemnitee for
indemnification pursuant to Section 3(a), a determination, if required by the DGCL, with respect to Indemnitee’s entitlement thereto shall

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be made by such independent counsel in a written opinion to the Board of Directors of the Company, a copy ofwhich shall be delivered to Indemnitee. The Company agrees to pay the reasonable fees of the
independent counsel referred to above and to indemnify fully such counsel against any and all expenses (including attorney’s fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.

For purposes of this Section 10, the following definitions shall apply:

                                    (i)         A “change in control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the following: (i) any person (as defined below) (together with its Affiliates (as defined below)) (other than (1) the Company or any of its Subsidiaries(as defined below), (2) any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Subsidiaries, (3) an underwriter temporarily holding securities pursuant to an offering of such securities, (4) any corporation or other entity owned, directly or indirectly, by the equityholders of the Company in substantially the same proportions as their ownership of Securities, or (5) any person that is an equityholder of the Company or its Subsidiaries on the date of this Agreement), is or becomes the "beneficial owner", directly or indirectly, of Securities representing more than 50% of the combined voting power of the Company's then outstanding voting securities; (ii) a merger or consolidation of the Company with any person, other than (a) a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or parent entity) 50% or more of the combined voting power of the voting securities of the Company or such surviving or parent entity outstanding immediately after such merger or consolidation or (b) a merger or consolidation in which no person (together with its Affiliates) (other than (1) the Company or any of its Subsidiaries, (2) any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Subsidiaries, (3) an underwriter temporarily holding securities pursuant to an offering of such securities, (4) any corporation or other entity owned, directly or indirectly, by the equityholders of the Company in substantially the same proportions as their ownership of Securities, or (5) any person that is an equityholder of the Company or its Subsidiaries on the date of this Agreement) acquired 50% or more of the combined voting power of the Company's then outstanding securities; or (iii) a complete liquidation of the Company or a sale or disposition by the Company of all or substantially all of the Company's assets (or any transaction having a similar effect).

                        For purposes of this Section 10(b)(i) and elsewhere in this Agreement, the following terms
shall have the following meanings:

                                   
(A)        “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

                                   
(B)        “person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that person shall exclude (i) the Company, (ii) any trustee or other fiduciary
holding securities under an employee benefit plan of the Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company.

                                   
(C)        “beneficial owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act; provided, however, that beneficial owner shall exclude any person otherwise becoming a
beneficial owner by reason of the stockholders of the Company approving a merger of the Company with another entity.

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(D)       “Affiliate” shall have the meaning ascribed thereto in Rule 12b-2 promulgated under the Exchange Act, as in effect on the date hereof.

                                   
(E)        “Subsidiaries” shall mean, with respect to any person, any corporation, limited liability company, partnership, association or other business entity of which if a corporation, a majority of the
total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, Representatives or trustees thereof is at the time owned or Controlled, directly or indirectly, by that person or one or more of
the other Subsidiaries of that person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity, a majority of the total voting power of stock (or equivalent ownership interest) of the limited liability
company, partnership, association or other business entity is at the time owned or Controlled, directly or indirectly, by any person or one or  more Subsidiaries of that person or a combination thereof.  For purposes hereof, a person or persons shall be
deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such person or persons shall be allocated a majority of limited liability company, partnership, association or other business entity
gains or losses or shall be or Control the managing director or general partner of such limited liability company, partnership, association or other business entity.

                                   
(F)        “Control” (including its correlative meanings, “Controlled by” and “under common Control with”) shall mean the possession, directly or indirectly, of the power to direct
or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise) of a person.

                                    (G)
      Securities” means Class A Units and shares of common stock of the Company.

                                    (H)
      Class A Units” shall have the meaning specified in the LLC Agreement.

                                   
(I)         “LLC Agreement” means the Amended and Restated Limited Liability Company Operating Agreement of VHS Holdings LLC, dated as of September 23, 2004.

                                   
(ii)         The term “independent counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been,
retained to represent: (i) the Company or Indemnitee in any matter material to either such party, or (ii) any other party to the action, suit or proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term
“independent counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s
rights under this Agreement.

            Section 11.       Form and Delivery of Communications. All notices, requests, demands and other communications
under this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered by hand, upon receipt by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered mail with postage
prepaid, on the third business day after the date on which it is so mailed, (c) mailed by reputable overnight courier, one day after deposit with such courier and with written verification of receipt or (d) sent by email or facsimile transmission, with receipt of
oral confirmation that such transmission has been received. Notice to the Company shall be directed to

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Vanguard Health Systems, Inc., Attention: General Counsel, email: rsoltman@vanguardhealth.com, facsimile: (615)665-6197, confirmation number: (615)665-6006 . Notice to Indemnitee shall be directed to ___
____________________________email: [XXX@XXX.com], facsimile: [(XXX) XXX XXXX], confirmation number: [(XXX) XXX XXXX]].

            Section 12.       Nonexclusivity. The provisions for indemnification and advancement of expenses set forth in this
Agreement shall not be deemed exclusive of any other rights which Indemnitee may have under any provision of law, in any court in which a proceeding is brought, other agreements or otherwise, and Indemnitee’s rights hereunder shall inure to the benefit of the
heirs, executors and administrators of Indemnitee. No amendment or alteration of the Company’s Certificate of Incorporation or Bylaws or any other agreement shall adversely affect the rights provided to Indemnitee under this Agreement.

            Section 13.       No Construction as Employment Agreement. Nothing contained herein shall be construed as giving
Indemnitee any right to be retained as a director of the Company or in the employ of the Company. For the avoidance of doubt, the indemnification and advancement of expenses provided under this Agreement shall continue as to the Indemnitee even though he may have
ceased to be a director, officer, employee or agent of the Company.

            Section 14.       Interpretation of Agreement. It is understood that the parties hereto intend this Agreement to be
interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by the DGCL.

            Section 15.       Entire Agreement. This Agreement and the documents expressly referred to herein constitute the
entire agreement between the parties hereto with respect to the matters covered hereby, and any other prior or contemporaneous oral or written understandings or agreements with respect to the matters covered hereby are expressly superseded by this Agreement.

            Section 16.       Modification and Waiver. No supplement, modification, waiver or amendment of this Agreement shall
be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar) nor shall such waiver constitute a continuing
waiver. For the avoidance of doubt, this Agreement may not be terminated by the Company without Indemnitee’s prior written consent.

            Section 17.       Successor and Assigns. All of the terms and provisions of this Agreement shall be binding upon,
shall inure to the benefit of and shall be enforceable by the parties hereto and their respective successors, assigns, heirs, executors, administrators and legal representatives. The Company shall require and cause any direct or indirect successor (whether by
purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of such Indemnitor, by written agreement in form and substance reasonably satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the
same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

            Section 18.       Service of Process and Venue. The Company and Indemnitee hereby irrevocably and unconditionally
(i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United States of
America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) appoint, to the extent such party is not
otherwise subject to service of process in the State of Delaware, irrevocably   National Registered Agents, Inc., 160 Greentree Drive, Dover, DE 19904 as its agent in the State of Delaware as such party’s agent for acceptance of legal process in
connection with any such action or proceeding against such party with the same legal force and validity as if served upon such party personally within the State of Delaware, (iv) waive any objection to the laying of venue of any such action or proceeding in the
Delaware Court, and (v) waive,

9

and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum.

            Section 19.       Governing Law. This Agreement shall be governed by and construed in accordance with the laws of
the State of Delaware. If a court of competent jurisdiction shall make a final determination that the provisions of the law of any state other than Delaware govern indemnification by the Company of Indemnitee, then the indemnification provided under this Agreement
shall in all instances be enforceable to the fullest extent permitted under such law, notwithstanding any provision of this Agreement to the contrary.

            Section 20.       Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be
deemed to be an original and all of which together shall be deemed to be one and the same instrument, notwithstanding that both parties are not signatories to the original or same counterpart.

            Section 21.       Headings. The section and subsection headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

            This Indemnification Agreement has been duly executed and delivered to be effective as of the date stated above.

VANGUARD HEALTH SYSTEMS, INC.

By
                                                                  

 Name: Ronald P. Soltman

Title: Executive Vice President

INDEMNITEE:

                                                                       

Name

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 EXHIBIT 10.1  

 
    AMENDED AND RESTATED EMPLOYMENT AGREEMENT    
    

        THIS EMPLOYMENT AGREEMENT (the "Agreement") by and among Molson Coors Brewing Company, a Delaware corporation and Peter H. Coors (the
"Executive"), is dated as of December 31, 2008. 

W I T N E S S E T H:  

        WHEREAS, on February 9, 2005 (the "Merger Date"), Molson, Inc. ("Molson") and Adolph Coors Company ("Coors") completed
the transactions to combine Molson and Coors in a merger to form Molson Coors Brewing Company (the "Company"); and 

        WHEREAS,
prior to the Merger Date, the Executive was employed as the Chairman of Coors and Executive Chairman of Coors Brewing Company ("CBC"), a wholly-owned subsidiary of Coors and in
connection therewith had entered into a change in control agreement with Coors (the "CIC Agreement") which became effective as of the Merger Date; and 

        WHEREAS,
since the Merger Date, Executive has served as Vice Chairman of the Company and been employed as the Executive Chairman of CBC; and 

        WHEREAS,
the Company desires that Executive continue to serve as Vice Chairman of the Company and to cause CBC to employ the Executive as the Executive Chairman of CBC and the Executive
desires to so serve and remain in such employ; and 

        WHEREAS,
the Company and the Executive desire to enter into this Agreement as to the terms of his employment by the Company. 

        NOW,
THEREFORE, in consideration of the foregoing, the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows: 

        1.     Effective Date; Employment Period.    The Agreement was originally effective
June 27, 2005 (the "Effective Date"). The Company hereby agrees to continue to cause CBC to employ the Executive for the period beginning on the Effective Date though the period ending on the
third anniversary of the Effective Date (the "Employment Period"); provided, however, that commencing on first anniversary of the Effective Date, and on each annual anniversary thereafter (such date
and each annual anniversary thereof shall be hereinafter referred to as the "Renewal Date"), the Employment Period shall be automatically extended so as to terminate three years from such Renewal
Date, unless at least six (6) months prior to a Renewal Date the Company's Board of Directors, acting pursuant to such vote as may be required under the Company's Bylaws, shall give notice to
the Executive that the Employment Period will not be so extended. Effective January 1, 2009, notice of non-renewal given by the Company's Board of Directors shall constitute the
termination of Executive's employment by the Company pursuant to Section 4(b) hereof effective as of the last day of the Employment Period unless the Company satisfies the requirements of
Section 3(b) for a termination for Cause or otherwise enters into an agreement with the Executive that supersedes this Employment Agreement. 

        2.     Terms of Employment. 

        (a)   Position and Duties. 

        (i)    During
the Employment Period, the Executive shall be employed Executive Chairman of CBC and shall have such duties, responsibilities, power and authority as contemplated
by the Bylaws of CBC as in effect on the date hereof, and shall have such other duties and responsibilities as may be assigned to him by the Company or CBC commensurate with his position as Executive
Chairman of CBC. Executive shall report to the Company's and CBC's board of directors. 

 

        (ii)   During
the Employment Period, Executive shall serve as a member of the Company's Board of Directors and as Vice Chairman or Chairman thereof subject to
re-nomination or re-election in accordance with the provisions of the Company's Restated Certificate of Incorporation and Bylaws. Executive acknowledges that for so long as
Executive is employed under this Agreement, he shall not be entitled to any additional compensation for his service as Vice Chairman, or Chairman or as a director. Executive shall not be considered an
executive officer of the Company subject to Section 2.2.6 of the Company's Bylaws. 

        (iii)  During
the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote reasonable
attention and time during normal business hours to the business and affairs of the Company and to discharge the responsibilities assigned to the Executive hereunder. During the Employment Period, the
Executive may (A) serve on civic or charitable boards or committees of not for profit or similar organizations, (B) teach, and (C) manage personal investments, so long as such
activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement. In addition, Executive may continue
to serve on those corporate boards of which he is a member on the Effective Date and on other corporate boards with the consent of the Board. 

        (b)   Compensation. 

        (i)    Base Salary.    During the Employment Period, the Executive shall receive an annual base salary of $850,000
("Annual Base Salary"), effective as of January 1, 2008, which shall be paid in accordance with the Company's payroll policies for senior executive officers. During the Employment Period, the
Annual Base Salary shall be reviewed at least annually in a manner consistent with competitive pay practices and commensurate with the review of salaries for other senior executives of the Company,
and may be increased as a result of such review. Any increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary
shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased. 

        (ii)   Annual Bonus.    In addition to Annual Base Salary, the Executive shall be entitled to participate, with
respect to each fiscal year ending during the Employment Period, in the annual bonus plan (the "Annual Bonus") applicable generally to senior executive officers of the Company and its subsidiaries,
with a target annual bonus (the "Target Bonus") of no less than 80% of Executive's Annual Base Salary. Each such Annual Bonus shall be paid no later than the date when annual bonuses are paid to other
senior executive officers, unless the Executive shall elect to defer the receipt of such Annual Bonus. 

        (iii)  Employee Benefits and Perquisites.    During the Employment Period, the Executive shall be entitled to
participate in all employee benefit, deferred compensation and perquisites plans and programs made available generally to senior executive officers of the Company or its subsidiaries at a level
commensurate with his position. 

        (iv)  Long Term Incentive Awards.    During each year of the Employment Period, the
Executive shall be eligible to receive cash and/or equity awards under the Company's Incentive Compensation Plan or any successor plan commensurate with his position and consistent with such awards
granted to senior executives of the Company or its subsidiaries. 

        (v)   Retention Compensation.    As consideration for the Executive's agreement to remain with the Company and to
supersede and replace the CIC Agreement, the Company awarded to Executive 40,000 restricted stock units under the Company's Incentive Compensation Plan (the "Retention Award"). These RSUs shall vest
in increments of 8,000 RSUs on the each of 

2

 

the
first five anniversaries of the grant date and shall be subject to accelerated vesting as provided under this Agreement; provided, however, that delivery of shares or other property deliverable
upon the vesting of the RSUs shall be deferred until the date which is six (6) months after the date of termination of Executive's employment for any reason. 

        (vi)  Expenses.    During the Employment Period, the Executive shall be entitled to receive prompt reimbursement for
all reasonable expenses incurred by the Executive in accordance with the Company's standard expense reimbursement policy. 

        (vii) Vacation.    During the Employment Period, the Executive shall be entitled to no less than five
(5) weeks of vacation per year. 

        3.     Termination of Employment. 

        (a)   Death or Disability. 

        (i)    The
Executive's employment shall terminate automatically upon the Executive's death during the Employment Period. 

        (ii)   If
the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set
forth below), it may give to the Executive written notice in accordance with Section 12(b) of this Agreement of its intention to terminate the Executive's employment. In such event, the
Executive's employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the "Disability Effective Date"); provided that, within the
thirty (30) days after such receipt, the Executive shall not have returned to full-time performance of the Executive's duties. For purposes of this Agreement, "Disability" shall
mean the absence of the Executive from the Executive's duties with the Company on a full-time basis for 180 consecutive days as a result of incapacity due to mental or physical illness
which is determined to be a disability pursuant to the Company's then existing long term disability plan or, in the absence of such a plan, a disability determined to be total and permanent by a
physician selected by the Company and acceptable to the Executive or the Executive's legal representative. 

        (b)   Cause.    The Company may terminate the Executive's employment during the Employment Period for Cause. For
purposes of this Agreement, "Cause" shall mean: 

        (i)    conviction
of a felony or any crime involving moral turpitude, dishonesty, fraud, theft or financial impropriety; or 

        (ii)   a
reasonable determination by the Board of Directors of the Company ("Board") that Executive has (A) willfully and continuously failed to perform substantially
the Executive's duties (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Executive by
the Board which specifically identifies the manner(s) in which the Executive has not substantially performed the Executive's duties, (B) engaged in illegal conduct, an act of dishonesty or
gross misconduct injurious to the Company, or (C) knowingly violated a material requirement of the Company's ethical code of conduct or his fiduciary duty to the Company. 

For
purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered "willful" unless it is done, or omitted to be done, by the Executive in bad faith or without
reasonable belief that the Executive's action or omission was in 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, or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company.
The cessation of employment of the Executive shall not be deemed to 

3

 

be
for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of a majority of the members of the Board of Directors at a
meeting of the Board called and held for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with counsel, to be heard before the
Board), finding that, in the good faith determination of the Board, the Executive is guilty of the conduct described in subparagraph (i) or (ii)(A), (B) or (C) above, and
specifying the particulars thereof in detail. The Company must notify the Executive of any event constituting Cause within sixty (60) days following the Company's knowledge of its existence or
such event shall not constitute Cause under this Agreement. 

        (c)   Good Reason.    The Executive's employment may be terminated by the Executive for Good Reason. For purposes of
this Agreement, "Good Reason" shall exist upon the occurrence, without the Executive's consent, of any one or more of the following circumstances: 

        (i)    any
material reduction of the Executive's base compensation which is in effect on the Effective Date (and as increased from time to time thereafter); provided that any
reduction that is as part of a general reduction in the base compensation of executives of the same grade level shall not be "Good Reason"; 

        (ii)   any
action or inaction by the Company that constitutes a material breach by the Company of any applicable plan, program or agreement under which the Executive provides
services; 

        (iii)  the
material reduction or material adverse modification of the Executive's title, status, position, responsibilities or authority contemplated by Section 2(a)
of this Agreement (and as such authorities and duties may be increased from time to time), such that the Executive's title, status, position, authority or responsibilities are inconsistent with, or
commonly considered to be of lesser stature than, those in effect prior to the reduction or modification, as the same may, for example, be evidenced by (A) a material diminution in the
authority, duties or responsibilities of the supervisor to whom the Executive is required to report, including a requirement that the Executive report to a corporate officer or employee instead of to
the Board, or (B) a material diminution in the budget over which the Executive has authority; or 

        (iv)  any
requirement that the Executive relocate his principal place of employment by more than a fifty (50)-mile radius from its location on the Effective Date; 

        Notwithstanding
the foregoing, any of the circumstances described above may not serve as a basis for resignation for "Good Reason" by the Executive unless (A) the Executive has
provided written notice to the Company that such circumstance exists within ninety (90) days of the initial existence of such circumstance and the Company has failed to cure such circumstance
within thirty (30) days following such notice; and (B) the Executive's Separation from Service due to such circumstance occurs within the one (1) year period following the initial
existence of such circumstance. 

        (d)   Termination Without Cause or Without Good Reason.    The Executive's employment may be terminated by the
Company without Cause or by the Executive without Good Reason at any time. 

        (e)   Notice of Termination.    Any termination by the Company or the Executive shall be communicated by Notice of
Termination to the other party hereto given in accordance with Section 12(b) of this Agreement. For purposes of this Agreement, a "Notice of Termination" means a written notice which
(i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of the Executive's employment under the provision so indicated and (iii) if the Date of Termination (as defined below) is other than the date of receipt 

4

 

of
such notice, specifies the termination date (which date shall be not more than thirty (30) days after the giving of such notice). The failure by the Executive or the Company to set forth in
the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude
the Executive or the Company, respectively, from asserting such fact or circumstance in enforcing the Executive's or the Company's rights hereunder. 

        (f)    Date of Termination.    "Date of Termination" means (i) if the Executive's employment is terminated by
reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be, and (ii) if the Executive's employment
is terminated for any other reason, the date of receipt of the Notice of Termination or any later date up to thirty (30) days thereafter as specified in such Notice of Termination. 

        (g)   "Termination
of employment," "termination," or words of similar import, as used in this Employment Agreement means, for purposes of any payments under this Employment
Agreement that are payments of deferred compensation subject to Code Section 409A, the Executive's "separation from service" as defined in Treasury Regulation
Section 1.409A-1(h)(1). For this purpose, a "separation from service" is deemed to occur on the date that the Company and the Executive reasonably anticipate that the level of bona
fide services the Executive would perform after that date
(whether as an employee or independent contractor) would permanently decrease to a level that, based on the facts and circumstances would constitute a separation from service; provided that, a
decrease to a level that is 50% or more of the average level of bona fide services provided over the prior 36 months shall not be a separation from service, and a decrease to a level that is
20% or less of the average level of such bona fide services shall be a separation from service. The bona fide services taken into account for this purpose shall be services for the Company and any
business entity in which the Company directly or indirectly has an ownership interest of at least fifty percent (50%); provided that, at any time prior to the date the time and form of payment of
deferred compensation is set, with respect to any business entity in which the Company has less than a fifty percent (50%) interest, "at least twenty percent (20%)" may be substituted for "at least
fifty percent (50%)" where based on legitimate business criteria. 

        4.     Obligations of the Company upon Termination. 

        (a)   Death or Disability.    If the Executive's employment is terminated by reason of the Executive's death or
Disability during the Employment Period, this Agreement shall terminate without further obligations to the Executive under this Agreement, other than for payment of: (i) any unpaid Annual Base
Salary through the Date of Termination; (ii) any accrued vacation in accordance with Company policy; (iii) any unpaid Annual Bonus earned with respect to any fiscal year ending on or
preceding the Date of Termination; (iv) reimbursement for any unreimbursed expenses incurred through the Date of Termination; and (v) all other payments, benefits or perquisites to which
the Executive may be entitled under the terms of any applicable compensation arrangement or benefit, equity, fringe benefit or perquisite plan or program or grant or this Agreement (collectively the
"Accrued Obligations"). Accrued Obligations shall be paid to the Executive or Executive's estate or beneficiary, as applicable, in a lump sum in cash within thirty (30) days of the Date of
Termination. In addition, the Retention Award shall become fully vested as of such Date of Termination. 

5

 

        (b)   Good Reason; Other Than for Cause.    If, during the Employment Period, the Company shall terminate the
Executive's employment other than for Cause or Disability or the Executive shall terminate employment for Good Reason: 

        (i)    the
Company shall pay to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination the aggregate of the following amounts: 

        (A)  the
Accrued Obligations; 

        (B)  the
amount equal to the sum of (1) the Executive's Annual Base Salary through the end of the Company's fiscal year in which the Date of Termination occurs, and
(2) the Target Bonus for the fiscal year in which the Date of Termination occurs; 

        (C)  the
amount equal to the product of (1) three and (2) the sum of the Executive's Annual Base Salary and his Target Bonus; 

        (D)  the
amount equal to the product of (1) three and (2) 25% of the Executive's Annual Base Salary (which amount is in lieu of continuing employee benefits and
perquisites (provided that Executive and his dependents shall retain rights to any Accrued Obligations and to elect and maintain COBRA coverage)). 

        (ii)   With
respect to any options, stock appreciation rights, restricted stock, restricted stock units (including the Retention Award) or other stock-based awards held by the
Executive under the Company's Incentive Compensation Plan, or any successor plan, on the Date of Termination all restrictions on awards of restricted stock or restricted stock units and other
stock-based awards (other than stock options and stock appreciation rights) will be canceled and such awards shall vest, and all outstanding stock options and stock appreciation rights that have not
fully vested, shall vest and become immediately exercisable, in each case only to the extent such awards were scheduled to become vested and exercisable during the 36-month period
following the Date of Termination; provided, that with respect to any stock options and stock appreciation rights, the options and stock appreciation rights shall remain exercisable until the earlier
of (x) the expiration of the option or stock appreciation rights term or (y) one (1) year after the Date of Termination; and provided further that any portion of any such portion
of any such awards that remains unvested after application of the preceding provisions of this paragraph (c) shall be forfeited as of the Date of Termination and shall not thereafter become
vested or exercisable. 

        (c)   Condition Precedent to Receipt of Payments or Benefits under the Program.    The Executive will not be eligible
to receive any payments or benefits under Section 4(b) above unless (i) such Executive timely executes and returns a general release of all claims arising out of his employment with, and
termination of employment from, the Company in substantially the form attached hereto as Exhibit A (adjusted as necessary to conform to then existing legal requirements) (the "General
Release"); and (ii) the revocation period specified in such General Release expires without such Executive exercising his/her right of revocation as set forth in the General Release. The
payments and benefits under this Employment Agreement that are conditioned upon such General Release being in effect will be paid on the fifty-third (53rd) day following the Executive's
Date of Termination, provided any revocation period applicable to the General Release has expired. 

        (d)   Section 409A Compliance

        (i)    This
Employment Agreement is intended to comply with, or otherwise be exempt from, Code Section 409A. The Company shall undertake to administer, interpret, and
construe this Employment Agreement in a manner that does not result in the imposition to the Executive of additional taxes or interest under Code Section 409A. 

6

 

        (ii)   The
preceding provision, however, shall not be construed as a guarantee by the Company of any particular tax effect to Executive under this Employment Agreement. The
Company shall not be liable to Executive for any payment made under this Employment Agreement that is determined to result in an additional tax, penalty, or interest under Code Section 409A,
nor for reporting in good faith any payment made under this Employment Agreement as an amount includible in gross income under Code Section 409A. Nothing herein shall require the Company to
provide Executive with any gross-up for any tax, interest or penalty incurred by Executive under Section 409A. 

        (iii)  Any
payment required to be made on the fifty-third (53rd) day following Separation from Service shall be deemed timely made if it is made within the time
period permitted under Treasury Regulation Section 1.409A-3(d). 

        (iv)  With
respect to any reimbursement of expenses (including taxes) of the Executive, as specified under this Employment Agreement, such reimbursement of expenses shall be
subject to the following conditions: (A) the expenses eligible for reimbursement in one taxable year shall not affect the expenses eligible for reimbursement in any other taxable year;
(B) the reimbursement of an eligible expense shall be made no later than the end of the year after the year in which such expense was incurred; and (C) the right to reimbursement shall
not be subject to liquidation or exchange for another benefit. 

        (v)   Notwithstanding
anything in this Employment Agreement to the contrary, any tax gross-up payment under Section 7(b) shall be made no later than the
December 31 following the Executive's taxable year in which the Executive remits the related tax. 

        (vi)  If
a payment obligation under this Employment Agreement arises on account of the Executive's Separation from Service while the Executive is a "specified employee" (as
defined under Section 409A of the Code and determined in good faith by the Compensation Committee of the Company), any payment of "deferred compensation" (as defined under Treasury Regulation
Section 1.409A-1(b)(1), after giving effect to the exemptions in Treasury Regulation Sections 1.409A-1(b)(3) through (b)(12)) that is scheduled to be paid within
six (6) months after such Separation from Service shall be accumulated without interest and shall be paid within 15 days after the end of the six-month period beginning on
the date of such
Separation from Service or, if earlier, within 15 days after the appointment of the personal representative or executor of the Executive's estate following his death. 

        5.     Nonexclusivity of Rights.    Nothing in this Agreement shall prevent or limit the
Executive's continuing or future participation in any plan, program, policy or practice provided by the Company or any of its affiliated companies and for which the Executive may qualify, nor, subject
to Section 1(a), shall anything herein limit or otherwise affect such rights as the Executive may have under any contract or agreement with the Company or any of its affiliated companies. The
time and form of payment of amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan, policy, practice, or program of or any contract or agreement with
the Company or any of its affiliated companies at or subsequent to the Date of Termination shall not be deferred or accelerated by this Agreement. 

        6.     Full Settlement.    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 which the Company may
have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under
any of the provisions of this Agreement and such amounts shall not be reduced whether or not the Executive obtains other employment. 

7

 

        7.     Taxes. 

        (a)   Withholding Taxes.    The Company shall be entitled to withhold from any and all payments made to the Executive
all federal, state, local and/or other taxes or imposts which the Company determines are required to be so withheld from such payments or by reason of any other payments made to or on behalf of the
Executive for his/her benefit hereunder. 

        (b)   Excise Tax.    In the event any payments or benefits received or to be received by the Executive in connection
with the Executive's employment or termination thereof (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the Company, or any person affiliated with the
Company) (the "Payments"), are or will be subject to the tax (the "Excise Tax") imposed by Section 4999 of the Code (or any similar tax that may hereafter be imposed), 

        (i)    then,
subject to the immediately following paragraph (ii), the Company shall pay, subject to Section 4(d)(v), an additional amount (the
"Gross-Up Payment") such that the net amount retained by the Executive, after deduction of any Excise Tax on the Payments and any federal, state and local income or other applicable tax
(other than taxes imposed under 409A) and Excise Tax upon the payment provided for by this paragraph, shall be equal to the Payments. 

        (ii)   Notwithstanding
anything in the foregoing paragraph (i) to the contrary, the foregoing provision shall not apply (therefore no Gross-Up Payment will
be made) and any amounts otherwise payable to Executive under Section 4(b) shall be reduced (but not below zero) such that no amounts paid or payable to the Executive under Section 4(b)
shall be deemed excess parachute payments subject to Excise Tax, in the event the amount of such reduction does not exceed ten percent (10%) of the total amount payable under Section 4(b). The
Company shall reduce or eliminate the Severance Benefits by first reducing or eliminating the portion of such benefits which are not payable in cash and then by reducing or eliminating cash payments,
in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from the Executive's Date of Termination. 

        (iii)  For
purposes of determining the amount of the Gross-Up Payment, the Executive shall be deemed to pay federal income taxes at the Executive's actual rate of
federal income taxation in the calendar year in which the Gross-Up Payment is to be made and state and local income taxes at the Executive's actual rate of taxation in the state and
locality of the Executive's residence on the date on which the Excise Tax is determined, net of the reduction in federal income taxes which could be obtained from deduction of such state and local
taxes. 

        (iv)  The
computations required by this Section 7(b) shall be made by independent public accountants not then regularly retained by the Company, in consultation with
tax counsel selected by them and acceptable to the Executive. The Company shall provide the Executive with sufficient tax and compensation data to enable the Executive or his/her tax advisor to verify
such computations and shall reimburse the Executive for reasonable fees and expenses incurred with respect thereto. 

        (v)   In
the event that the Excise Tax is subsequently determined to be less than the amount taken into account hereunder, the Executive shall repay to the Company at the time
that the amount of such reduction in Excise Tax is finally determined the portion of the Gross-Up Payment attributable to such reduction (plus the portion of the Gross-Up
Payment attributable to the Excise Tax and federal and state and local income tax imposed on the Gross-Up Payment being repaid by the Executive) plus interest on the amount of such
repayment from the date the Gross-Up Payment was initially made to the date of repayment at the rate provided in Section 1274(b)(2)(B) of the Code (the "Applicable Rate"). In the 

8

 

event
that the Excise Tax is determined by the Internal Revenue Service or by such independent public accountants to exceed the amount taken into account hereunder (including by reason of any payment
the existence or amount of which cannot be determined at the time of the Gross-Up Payment), the Company shall make an additional Gross-Up Payment in respect of such
excess (plus any interest, penalties, fines or additions to tax payable with respect to such excess) at the time that the amount of such excess if finally determined. 

        8.     Confidential Information; Confidentiality and Noncompete Agreement. 

        (a)   The
Executive shall hold in a fiduciary capacity for the benefit of the Company all material proprietary information, knowledge or data relating to the Company or any of
its affiliated companies, and their respective businesses, which shall have been obtained by the Executive during the Executive's employment by the Company or any of its affiliated companies and which
shall not be or become public knowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). After termination of the Executive's employment with
the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge
or data to anyone other than the Company and those designated by it. In no event shall an asserted violation of the provisions of this Section 8 constitute a basis for denying, deferring or
withholding any amounts or benefits payable to the Executive under this Agreement. 

        (b)   The
Executive shall enter into the Confidentiality and Noncompete Agreement with the Company, substantially in the form attached hereto as Exhibit B. 

        9.     Arbitration of Disputes and Reimbursement of Legal Costs.    In the event of any dispute
between the Company and the Executive, whether arising out of or relating to this Agreement, or otherwise, the Executive and the Company hereby agree that such dispute shall be resolved by binding
arbitration administered by the American Arbitration Association ("AAA") in accordance with its Commercial Arbitration Rules then in effect, and judgment on the award rendered by the arbitrator may be
entered in any court having jurisdiction thereof. Any arbitration shall be held before a single arbitrator who shall be selected by the mutual agreement of the Company and the Executive, unless the
parties are unable to agree to an arbitrator, in which case, the arbitrator will be selected under the procedures of the AAA. The arbitrator shall be experienced in the resolution of disputes under
employment agreements or plans or programs similar to this Agreement maintained by major corporations and shall have the authority to award any remedy or relief that a court of competent jurisdiction
could order or grant, including, without limitation, the issuance of an injunction, and the parties hereby agree to the emergency procedures of the AAA. However, either party may, without
inconsistency with this arbitration provision, apply to any court having jurisdiction over such dispute or controversy and seek interim provisional, injunctive or other equitable relief until the
arbitration award is rendered or the controversy is otherwise resolved. Except as necessary in court proceedings to enforce this arbitration provision or an award rendered hereunder, or to obtain
interim relief, neither a party nor an arbitrator may disclose the existence, content or results of any arbitration hereunder without the prior written consent of the Company and the Executive. The
arbitration proceeding shall be conducted in the Denver, Colorado metropolitan area, or if applicable, the metropolitan area in which the Executive's primary office is located or was located
immediately prior to Executive's Date of Termination. In the event of any such proceeding, the losing party shall reimburse the prevailing party upon entry of a final award resolving the subject of
the dispute for all reasonable legal expenses incurred, unless the arbitrator determines that to do so would be unjust; provided, however, that such final award is entered within the timeframe set
forth in Section 4(d)(iv)(B). In the event the final award is not entered within the timeframe set forth in Section 4(d)(iv)(B), the parties shall bear their own attorneys' fees and
costs. In addition, after a change in control (as defined in the Company's Change in Control Protection Program) has occurred, the costs of the arbitration shall be borne by the Company and, subject
to the 

9

 

limitations
of Section 4(d)(iv) hereof, the Company shall also reimburse the Executive for his reasonable legal fees and expenses incurred with respect to such proceeding on a current basis
(either directly or by reimbursing the Executive) within thirty (30) days of the presentment of each invoice; provided that, the Executive shall repay any such legal fees or expense paid or
advanced within ten (10) days of any determination by the arbitrator that the Executive did not have a reasonable basis for at least one material claim or issue in the dispute. In the event the
Executive fails to repay any legal fees or expenses paid or advanced under the circumstance and within the period set forth in the preceding sentence, the Executive shall be obligated to pay all
attorneys' fees and costs incurred by the Company for any litigation and collection proceedings initiated to secure such repayment and the Company shall be entitled to pre- and
post-judgment interest at a rate of 10% per annum. Otherwise, each party shall be responsible for its own expenses relating to the conduct of the arbitration (including reasonable
attorneys' fees and expense) and shall share the fees of the AAA equally. 

        10.   Successors. 

        (a)   This
Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the
laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives. 

        (b)   This
Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

        (c)   The
Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken
place. As used in this Agreement, "Company" shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this
Agreement by operation of law, or otherwise. 

        11.   Effect on Other Agreements; Inconsistency. 

        (a)   Except
as otherwise specified herein, this Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and
supersedes the preempts any prior understandings, agreements or representations by or between the parties, written or oral, which may have related in any manner to the subject matter hereof. 

        (b)   In
the event of any conflict between the terms of this Agreement and the terms of any plan, program or policy of the Company, the terms that are the most beneficial to
Executive shall control. 

        12.   Miscellaneous. 

        (a)   This
Agreement shall be governed by and construed in accordance with the laws of the State of Colorado, without reference to principles of conflict of laws. The captions
of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties
hereto or their respective successors and legal representatives. 

10

 

        (b)   All
notices and any other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return
receipt requested, postage prepaid, addressed as follows: 

If
to the Executive: 

At
the current home address as listed in the Company's records and as may be updated from time to time by the Executive. 

If
to the Company: 

Molson
Coors Brewing Company

311 10th St.

Golden, CO 80401-0030

Attention: Chief Legal Officer 

or
to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 

        (c)   The
invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 

        (d)   Except
as provided herein, the Executive's or the Company's failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any
right the Executive or the Company may have hereunder, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

        IN
WITNESS WHEREOF, the Executive has hereunto set the Executive's hand and, pursuant to the authorization from its Board of Directors, the Company has caused these presents to be
executed in its name and on its behalf, all as of the Effective Date. 

					
	
 PETER H. COORS	
 	
MOLSON COORS BREWING COMPANY
	
 /s/ PETER H. COORS

 	
 	
By:	
 	
/s/ SAMUEL D. WALKER

  Chief Legal Officer

11

 

 EXHIBIT A TO EMPLOYMENT AGREEMENT  

 FORM OF RELEASE  

GENERAL RELEASE  

        1.     For
valuable consideration, the adequacy of which is hereby acknowledged, the undersigned ("Executive"), for himself, his spouse, heirs, administrators, children,
representatives, executors, successors, assigns, and all other persons claiming through Executive, if any (collectively, "Releasers"), knowingly and voluntarily releases and forever discharges Molson
Coors Brewing Company, its affiliates, subsidiaries, divisions, successors and assigns and the current, future and former employees, officers, directors, trustees and agents thereof (collectively
referred to throughout this General Release as "Company") from any and all claims, causes of action, demands, fees and liabilities of any kind whatsoever, whether known and unknown, against Company,
Executive has, has ever had or may have as of the date of execution of this General Release, including, but not limited to, any alleged violation of: 

	•
	The National Labor Relations Act, as amended;   

	•
	Title VII of the Civil Rights Act of 1964, as amended;   

	•
	The Civil Rights Act of 1991;   

	•
	Sections 1981 through 1988 of Title 42 of the United States Code, as amended;   

	•
	The Employee Retirement Income Security Act of 1974, as amended;   

	•
	The Immigration Reform and Control Act, as amended;   

	•
	The Americans with Disabilities Act of 1990, as amended;   

	•
	The Age Discrimination in Employment Act of 1967, as amended;   

	•
	The Older Workers Benefit Protection Act of 1990;   

	•
	The Worker Adjustment and Retraining Notification Act, as amended;   

	•
	The Occupational Safety and Health Act, as amended;   

	•
	The Family and Medical Leave Act of 1993;   

	•
	Any other federal, state or local civil or human rights law or any other local, state or federal law, regulation or
ordinance; or   

	•
	Any public policy, contract, tort, or common law. 

        Notwithstanding
anything herein to the contrary, this General Release shall not apply to: (i) Executive's rights of indemnification and directors and officers liability insurance
coverage to which he was entitled immediately prior to [DATE] with regard to his service as an officer of Company;
(ii) Executive's rights under any tax-qualified pension or claims for accrued vested benefits under any other employee benefit plan, policy or arrangement maintained by Company or
under COBRA; (iii) Executive's rights under the provisions of the Company's Executive Continuity and Protection Program which are intended to survive termination of employment; or
(iv) Executive's rights as a stockholder. Excluded from this General Release are any claims which cannot be waived by law. 

        [For Current/Former California Residents Only:] This General Release is intended to constitute a release of all of
the claims referenced herein, known or unknown, suspected or unsuspected. Executive hereby expressly waives any rights and benefits conferred by Section 1542 of the California Civil Code which
provides: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF 

A-1

 

EXECUTING
THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR." 

        2.     Executive
acknowledges and recites that: 

        (a)   Executive
has executed this General Release knowingly and voluntarily; 

        (b)   Executive
has read and understands this General Release in its entirety, including the waiver of rights under the Age Discrimination in Employment Act; 

        (c)   Executive
has been advised and directed orally and in writing (and this subparagraph (c) constitutes such written direction) to seek legal counsel and any other
advice he wishes with respect to the terms of this General Release before executing it; 

        (d)   Executive
has sought such counsel, or freely and voluntarily waives the right to consult with counsel, and Executive has had an opportunity, if he so desires, to discuss
with counsel the terms of this General Release and their meaning; 

        (e)   Executive
enters into this General Release knowingly and voluntarily, without duress or reservation of any kind, and after having given the matter full and careful
consideration; and 

        (f)    Executive
has been offered 21 calendar days after receipt of this General Release to consider its terms before executing it. 

        3.     This
General Release shall be governed by the internal laws (and not the choice of law principles) of the State of
[Colorado], except for the application of pre-emptive federal law. 

        4.     Executive
shall have 7 days from the date hereof to revoke this General Release by providing written notice of the revocation to Company's General Counsel, in
which event this General Release shall be unenforceable and null and void. 

					
	
 Date:	
 	

 	
 	

  Peter H. Coors

A-2

 

 EXHIBIT B TO EMPLOYMENT AGREEMENT  

 FORM OF CONFIDENTIALITY AND NONCOMPETITION AGREEMENT  

 CONFIDENTIALITY AND NONCOMPETE AGREEMENT

        This
Confidentiality and Noncompete Agreement (this "Agreement"), dated December 31, 2008 is between Molson Coors Brewing Company (the "Company") and
Peter H. Coors (the "Employee")(collectively the "Parties"). 

        Employee desires to continue to be employed by MCBC as an officer of the Company and/or one of its subsidiaries (collectively "MCBC"). In this role, Employee will
be a manager and executive for MCBC, will have access to Confidential Information, or both.

        Pursuant to Section 8 of the Employment Agreement between the Company and Employee, of even date herewith (the "Employment Agreement") entry into this
Agreement is a condition of continued employment.

        NOW
THEREFORE, in consideration of Employee's employment or continued employment with MCBC the Parties agree as follows: 

        1.     Covenants Not to Compete or Interfere. 

        a.     During
the term of Employee's employment and for a period of 12 months thereafter, and regardless of the reason for Employee's termination, Employee shall not,
within the United States, Canada, the United Kingdom or Brazil, directly or indirectly own, manage, operate, control, be employed by, serve as a consultant to or otherwise participate in any business
that has services or products competitive with those of MCBC, or develop products or services competitive with those of MCBC. 

        b.     Employee
acknowledges that MCBC conducts its business on an international level and has customers throughout the United States, Canada, the United Kingdom and Brazil, and
that the geographic restriction on competition is therefore fair and reasonable. 

        c.     During
the term of Employee's employment with MCBC and for a period of 12 months thereafter, and regardless of the reason for Employee's termination, Employee
shall not, with respect to any individual who is or at any time during the preceding three months was an executive or management employee of MCBC, engage in any of the following: (i) directly
or indirectly cause or attempt to cause any such individual who is then employed by MCBC to leave the employ of MCBC, or (ii) directly or indirectly actively recruit or cause to be actively
recruited any such individual to work for any organization of, or in which Employee is an officer, director, employee, consultant, independent contractor or owner of an equity interest; or
(iii) directly or indirectly cause to be hired any such individual to work for any organization of, or in which Employee is an officer, director, employee, consultant, independent contractor or
owner of an equity interest. 

        d.     During
the term of Employee's employment with MCBC and for a period of 12 months thereafter, and regardless of the reason for Employee's termination, Employee
shall not solicit, divert or take away, or attempt to take away, the business or patronage of any client, customer or account, or prospective client, customer or account, of MCBC which were contacted,
solicited or served by Employee while employed by MCBC. 

B-1

 

        e.     Employee
acknowledges this is a contract for the protection of trade secrets and/or that Employee will be considered executive and management personnel under the
following sections of Colorado Revised Statute § 8-2-113(2): 

Any
covenant not to compete which restricts the right of any person to receive compensation for performance of skilled or unskilled labor for any employer shall be void, but this subsection (2)
shall not apply to: 

        (b)   Any
contract for the protection of trade secrets; 

        (d)   Executive
and management personnel and officers and employees who constitute professional staff to executive and management personnel. 

        2.     Confidential Information. 

        a.     For
purposes of this Agreement, "Confidential Information" includes any and all information and trade secrets, whether written or otherwise, relating to MCBC's business,
property, products, services, operations, sales, prospects, research, customers, business relationships, business plans and finances. 

        b.     Employee
acknowledges that while employed at MCBC, Employee will have access to Confidential Information. Employee further acknowledges that the Confidential Information
is of great value to MCBC and that its improper disclosure will cause MCBC to suffer damages, including loss of profits. 

        c.     Except
in connection with and in furtherance of Employee's official duties with and on behalf of MCBC, Employee shall not at any time or in any manner use, copy,
disclose, divulge, transmit, convey, transfer or otherwise communicate any Confidential Information to any person or entity, either directly or indirectly, without the Company's prior written consent. 

        d.     Employee
agrees, upon employment with MCBC, not to disclose to MCBC any confidential information or trade secrets of former employers or other entities Employee has been
associated with. 

        3.     Injunctive Relief; Damages.    Employee acknowledges that any breach of this Agreement
will cause irreparable injury to MCBC and that money damages alone would be inadequate to compensate it. Upon a breach or threatened breach by Employee of any of this Agreement, the Company shall be
entitled to a temporary restraining order, preliminary injunction, permanent injunction or other relief restraining Employee from such breach without posting a bond. Nothing herein shall be construed
as prohibiting MCBC from pursuing any other remedies for such breach or threatened breach, including recovery of damages from Employee. 

        4.     Severability.    It is the desire and intent of the Parties that the provisions of this
Agreement shall be enforced to the fullest extent permissible. Accordingly, if any provision of this Agreement shall prove to be invalid or unenforceable, the remainder of this Agreement shall not be
affected, and in lieu, a provision as similar in terms as possible shall be added. 

        5.     Entire Agreement; Governing Law.    Except as contemplated by the Employment Agreement,
this Agreement embodies the entire agreement between the Parties concerning the subject matters hereof and replaces and supersedes any prior or contemporaneous representations or agreements. This
Agreement and all related obligations shall be governed by the laws of the State of Colorado. 

        6.     Representation by Counsel.    Employee acknowledges that he/she has had an opportunity
to consult with independent counsel prior to executing this Agreement. 

        7.     Survival.    Employee's obligations under this Agreement shall survive the termination
of Employee's employment and shall thereafter be enforceable whether or not such termination is later 

B-2

 

claimed
or found to be wrongful or to constitute or result in a breach of any contract or of any other duty owed to Employee. 

        8.     Amendments; Waiver.    This Agreement may not be altered or amended, and no right
hereunder may be waived, except by an instrument executed by each of the Parties. 

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

					
	

 	
 	
COMPANY:
	

 	
 	
Molson Coors Brewing Company, for itself

and its subsidiaries
	

 	
 	
By:	
 	
/s/ SAMUEL D. WALKER

 
	 	 	Its:	 	Chief Legal Officer
	

 	
 	
EMPLOYEE:
	

 	
 	
/s/ PETER H. COORS

  Peter H. Coors

B-3

QuickLinks

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

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