Document:

exv10w80

Exhibit 10.80

Executive Park West II

4720 Gettysburg Rd.

Mechanicsburg, PA 17055

First Addendum to Lease Agreement

This first amendment is made as of the 6th day of March, 2009, by and between Old Gettysburg
Associates II, LP, a (“Landlord”), and Select Medical Corporation, a (“Tenant”).

BACKGROUND:

	A.	 	Landlord and Tenant are parties to that certain Office Lease Agreement dated March 19, 2004
pursuant to which Landlord leased to Tenant, and Tenant leased from Landlord, approximately
2,579 rentable square feet of space known as Suite 304 (3rd floor, front right side
of building) in the building located at 4720 Gettysburg Rd., Mechanicsburg, Pennsylvania. All
capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the
Lease.

	B.	 	Landlord and Tenant now desire to amend the Lease as hereinafter set forth.

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

Effective on April 1, 2009, the following terms contained in the Basic Lease shall be
amended as follows:

	 	1.	 	Tenant will continue to lease 2,579 rentable square feet in suite 304 except that the
term as of April 1, 2009 shall be on a month to month basis at a rate of $22.12 per
rentable square foot. Monthly payments beginning April 1, 2009 will be $4,753.70. The
Expense Stop will remain in effect per the original lease agreement.
	 
	 	2.	 	This may be cancelled by either party with a 30 day notice.

All other terms and conditions contained in the Lease and not amended hereby remain in full force
and effect.

 

 

IN WITNESS WHEREOF, Landlord and Tenant have caused this first Amendment to be duly executed.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Landlord: Old Gettysburg Associates II, LP	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS:

	 	 	 	 	 	By:
	 	/s/ John Ortenzio	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	 	 	 	 	 	 	Select Capital Commercial Properties, Inc.	 	 
	 	 	 	 	 	 	John Ortenzio, President	 	 
	 	 	 	 	 	 	Agent for Owner	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Tenant:
	 	 Select Medical Corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	ATTEST:

	 	/s/ John F. Duggan
	 	 	 	By:
	 	/s/ Michael E. Tarvin	 	 
	 

	 	 
	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Michael E. Tarvin	 	 
	 

	 	 	 	 	 	 	 	 

(Print name)
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	John F. Duggan
 

	 	 	 	Title:
	 	Executive Vice President, General
Counsel & Secretaryexv10w81

Exhibit 10.81

Executive Park West II

4720 Gettysburg Rd.

Mechanicsburg, PA 17055

Second Addendum to Lease Agreement

This Second Addendum is made as of the 13th day of April, 2009, by and between Old Gettysburg
Associates II, LP, a (“Landlord”), and Select Medical Corporation, a (“Tenant”).

BACKGROUND:

	A.	 	Landlord and Tenant are parties to that certain Office Lease Agreement dated March 19, 2004
(as amended by the First Addendum dated April 1, 2009 thereto, the “Lease”) pursuant to which
Landlord leased to Tenant, and Tenant leased from Landlord, approximately 2,579 rentable
square feet of space known as Suite 304 (3rd floor, front right side of building)
in the building located at 4720 Gettysburg Rd., Mechanicsburg, Pennsylvania. All capitalized
terms not otherwise defined herein shall have the meanings ascribed to them in the Lease.

	B.	 	Landlord and Tenant now desire to amend the Lease as hereinafter set forth.

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

Effective on May 1, 2009, the following terms contained in the Basic Lease shall be
amended as follows:

	 	1.	 	Tenant desires to extend the lease for 2,579 rentable square feet in suite 304
to December 31, 2014.
	 
	 	2.	 	Commencing on May 1, 2009, the Annual Base Rental Rate shall be $21.00 per rentable
square foot. Monthly payments of Annual Base Rental Rate beginning on such date will be
$4,513.25.
	 
	 	3.	 	The Annual Base Rental Increase, commencing on May 1, 2010 and on May 1 of each
subsequent year of the term, will be calculated by multiplying the Annual Base Rental then
in effect by a fraction, the numerator of which shall be the Consumer Price Index for the
full calendar year most recently ended (“Last Full Calendar Year”), and the denominator of
which shall be the Consumer Price Index for the full calendar year immediately preceding
the Last Full Calendar Year. For the purposes hereof the term “Consumer Price Index”
shall be deemed to mean the Consumer Price Index for all urban consumers published by the
Bureau of Labor Statistics of the United States Department of Labor (“US DOL”) for U.S.
City Average, All Items (1982-84 = 100). For example, if the Annual Base Rental Increase
was being determined on May 1, 2009, the numerator would be 215.303 (2008), the
denominator would be 207.342 (2007) and the Annual Base Rental Increase would be 3.8%.

 

 

All other terms and conditions contained in the Lease and not amended hereby remain in full force
and effect.

IN WITNESS WHEREOF, Landlord and Tenant have caused this Second Addendum to be duly executed.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Landlord: Old Gettysburg Associates II, LP	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS:

	 	 	 	 	 	By:
	 	/s/ John Ortenzio	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	 	 	 	 	 	 	Select Capital
Commercial Properties, Inc.	 	 
	 	 	 	 	 	 	John Ortenzio, President	 	 
	 	 	 	 	 	 	Agent for Owner	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Dated:
	 	May 21, 2009
 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Tenant:
	 	Select Medical Corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	ATTEST:

	 	/s/ James J. Talalai
	 	 	 	By:
	 	/s/ Michael E. Tarvin	 	 
	 

	 	 
	 	 	 	 	 	 

	 	 
	 	 
	 

	 	 	 	 	 	 	 	Michael E. Tarvin
 

	 	 
	 

	 	 	 	 	 	 	 	(Print name)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	James J. Talalai
	 	 	 	Title:
	 	Executive Vice President	 	 
	 
	 	 
 	 	 	 	 	 	 
 	 	 
	 

	 	 	 	 	 	Dated:
	 	5/21/09exv10w84

Exhibit 10.84

Old Gettysburg Associates II

4720 Gettysburg Rd

Mechanicsburg, PA 17055

First Addendum to Lease Agreement

This First Addendum is made as of the 13th day of April, 2009, by and between Old Gettysburg
Associates II, a (“Landlord”), and Select Medical Corporation a (“Tenant”).

BACKGROUND:

	A.	 	Landlord and Tenant are parties to that certain Office Lease Agreement dated August 10, 2005
pursuant to which Landlord leased to Tenant, and Tenant leased from Landlord, approximately
8,615 rentable square feet of space in the building located at 4720 Gettysburg Rd.,
Mechanicsburg, Pennsylvania. All capitalized terms not otherwise defined herein shall have the
meanings ascribed to them in the Lease.

	B.	 	Landlord and Tenant now desire to amend the Lease as hereinafter set forth.

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

Effective on May 1, 2009, the following terms contained in the Basic Lease shall be
amended as follows:

	 	1.	 	Tenant desires to return 1,204 square feet known as Suite 201B.
	 
	 	2.	 	Total area of the premises under this lease will be amended to 7,411 square
feet remaining in Suite 103-104 and 202.
	 
	 	3.	 	Tenant’s proportionate share will be changed to 17.36% based on total square footage
of building as 42,691 square feet.
	 
	 	4.	 	Monthly rental payment will be $13,234.81 until August 1, 2009 at which time it will
increase 3% and continue to increase 3% annually on August 1 as stated in the original
lease.
	 
	 	5.	 	Operating expenses will be prorated and invoiced before March 30, 2010.

 

 

All other terms and conditions contained in the Lease and not amended hereby remain in full force
and effect.

IN WITNESS WHEREOF, Landlord and Tenant have caused this First Addendum to be duly executed.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Landlord: Old Gettysburg Associates II	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS:

	 	 	 	 	 	By:
	 	/s/ John Ortenzio	 	 
	 

	 	 

	 	 	 	 	 	 

John Ortenzio, President
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Date:
	 	May 21, 2009	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Tenant:
	 	Select Medical Corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	ATTEST:

	 	/s/ John F. Duggan
	 	 	 	By:
	 	/s/ Michael E. Tarvin	 	 
	 

	 	 
	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 	 	Michael E. Tarvin
 

	 	 
	 

	 	 	 	 	 	 	 	(Print name)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	John F. Duggan
	 	 	 	Title:
	 	Executive Vice President	 	 
	 
	 	 
 	 	 	 	 	 	 
 	 	 
	 

	 	 	 	 	 	Date:
	 	May 13, 2009exv10w88

Exhibit 10.88

AMENDMENT NO. 1

to

THE SELECT MEDICAL HOLDINGS CORPORATION

2005 EQUITY INCENTIVE PLAN

          Pursuant to the power reserved to the Board of Directors in Section 1.19 of the Select
Medical Holdings Corporation 2005 Equity Incentive Plan (the “Plan”), the Board of Directors hereby
amends the Plan, effective as of January 1, 2009, as follows:

     1. Section 1.3(1) of the Plan is hereby amended and restated in its entirety to read as
follows:

“‘Fair Market Value’ means, with respect to a share of Stock on any date herein
specified, (i) if the shares of Stock are listed or admitted for trading on a national
securities exchange, the reported closing sales price, regular way, or, in case no
such reported sale takes place on such day, the average of the reported closing bid
and asked prices, regular way, in either case on the principal national securities
exchange on which the shares of Stock are listed or admitted for
trading, (ii) if the shares of Stock are not listed or admitted for trading on a national securities
exchange, the average of the closing bid and asked prices of the shares of Stock, as
reported by The National Quotation Bureau, Inc., or an equivalent generally accepted
reporting service, or (iii) if on any such day the shares of Stock are not quoted by
any such organization, the fair market value per share of Stock on such day, as
determined in good faith by the Committee in accordance with Section 409A of the Code
and the regulations and guidance thereunder after taking into account such factors
that it deems appropriate. If the Fair Market Value of Stock is to be determined as of
a day other than a trading day, the Fair Market Value of Stock for such day shall be
determined as described above on the last trading day ending prior to the date as of
which the determination is being made. If, in the discretion of the Committee, another
means of determining Fair Market Value shall be necessary or advisable in order to
comply with any applicable law, governmental regulation, or ruling of any governmental
entity, then the Committee may provide for another means of such determination;
provided, however, that in such event, Fair Market Value shall be determined in
accordance with Section 409A of the Code (and, with respect to Incentive Stock
Options, Section 422 of the Code) and the applicable regulations and guidance
thereunder.”

     2. Section 1.11 of the Plan is hereby amended to add the following to the end thereof:

“Notwithstanding the foregoing, any such adjustment pursuant to this Section 1.11
shall be made in accordance with Sections 409A and 424 of the Code and the
regulations thereunder.”

* * * * *

 

 

To record the adoption of this Amendment No. 1 to the Plan, Select Medical Holdings
Corporation has caused its authorized officers to affix its corporate name and seal this
13th day of November, 2008.

	 	 	 	 	 	 	 	 	 	 	 
	[CORPORATE SEAL]	 	 	 	SELECT MEDICAL HOLDINGS CORPORATION
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 

	 	 	 	 	 	By:	 	/s/ Michael E. Tarvin	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Attest:

	 	/s/ [ILLEGIBLE]	 	 	 	Its:	 	Executive Vice President	 	 
	 

	 	 
	 	 	 	 	 	 	 	 

2

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