Document:

EX-10.34

 Exhibit 10.34 

SURGICAL CARE AFFILIATES, INC. 

2016 OMNIBUS LONG-TERM INCENTIVE PLAN 

NON-QUALIFIED STOCK OPTION AGREEMENT 

TIME-BASED STOCK OPTIONS 

This Non-Qualified Stock Option Agreement (this “Option Agreement”) is entered into
as of                      (the “Grant Date”), by and between Surgical Care Affiliates, Inc., a Delaware corporation (the
“Company”) and                      (the “Participant”). 

Pursuant to the Surgical Care Affiliates, Inc. 2016 Omnibus Long-Term Incentive Plan (the “Plan”), the Board of Directors of
the Company (or its Compensation Committee or a designee thereof) has determined that the Participant shall be granted an Incentive Award in the form of an Option upon the terms and subject to the conditions hereinafter contained. Capitalized terms
used but not defined herein shall have the meanings assigned to them in the Plan. 
 1.     Number and
Price of Shares. The Company hereby grants to the Participant an Option to purchase                  shares of the Company’s Common Stock (the
“Option Shares”) at a price of $         per share (the “Option Price”). 

2.     Vesting. Subject to the provisions of Section 4 hereof and to the
Participant’s continued Employment with the Company through each applicable vesting date, the Option shall vest and become exercisable in accordance with the following schedule: 

(a)     twenty-five percent (25%) of the Option shall vest and become exercisable on the first anniversary of the
Grant Date; 
 (b)     twenty-five percent (25%) of the Option shall vest and become exercisable on the second
anniversary of the Grant Date; 
 (c)     twenty-five percent (25%) of the Option shall vest and become exercisable
on the third anniversary of the Grant Date; and 
 (d)     twenty-five percent (25%) of the Option shall vest and
become exercisable on the fourth anniversary of the Grant Date. 
 [Mr. Clark’s award agreement also contains
the following language: 
 Notwithstanding the foregoing, if the merger transactions described in that certain Agreement and Plan of Reorganization,
dated January 6, 2017, among the Company, UnitedHealth Group Incorporated and the other parties thereto, that is pending as of the date hereof close, the Option shall instead vest and become exercisable in accordance with the following
schedule: 
 (a)    with respect to one-third (1/3) of the Options, on
June 30, 2018; 
 (b)    with respect to one-third (1/3) of the
Options, on June 30, 2019; and 
 (c)    with respect to one-third
(1/3) of the Options, on June 30, 2020.] 
 3.     Method of Exercise. The Option,
or any part thereof, shall be exercised by written notice from the Participant to the Secretary of the Company specifying the number of Option Shares to be 

 
purchased (which must be a whole number of shares) and accompanied by payment in full of the Option Price for the shares being purchased. Such payment may be made in (i) cash;
(ii) shares of Common Stock (that the Participant has owned for at least one (1) year) having a Fair Market Value equal to such Option Price; (iii) a combination of cash and shares provided that such shares have been held by the
Participant for at least one (1) year prior to such exercise; or (iv) a “cashless exercise” procedure (in the sole discretion of the Committee) involving a broker; provided, however, that such method and time for
payment shall be permitted by and be in compliance with applicable law. Each Option shall be exercisable in whole or in part, unless the aggregate Option Price of the Option then exercisable is less than $1,000, in which case the Participant shall
only be entitled to exercise all such exercisable Options. No shares shall be issued until full payment therefor has been received by the Company and the provisions of Section 8 hereof shall have been complied with, and the Participant shall
have no rights as a stockholder of the Company in respect of such shares until the date of the issuance by the Company of the shares in uncertificated form by book entry on the Company’s books and records. 

4.     Term of Option. 

(a)     The Option shall be exercisable, in accordance with the provisions of Sections 2 and 3 hereof, through the tenth
anniversary of the Grant Date, unless terminated earlier as provided herein. Except as provided in Section 5 hereof, in the event the Participant’s Employment is terminated for any reason, the unvested portion of the Option shall
immediately be forfeited for no consideration as of the date of such termination. 
 (b)     In the event the
Participant’s Employment is terminated by reason of the Participant’s death or disability, the Option may, to the extent otherwise vested and exercisable pursuant to Section 2 above on the date of such termination, be exercised by the
Participant or the Participant’s estate, as applicable, at any time within one (1) year period following such date of termination, but in any event no later than the tenth anniversary of the Grant Date. The Option shall, to the extent not
theretofore exercised or terminated, terminate upon the expiration of such one (1) year (or shorter) period. 
 (c)
    In the event that the Company terminates the Participant’s Employment for Cause, the vested portion of the Option shall be forfeited for no consideration as of the date of such termination. For purposes of this Option
Agreement, “Cause” shall mean, unless otherwise provided in an employment agreement in effect immediately prior to such termination, (i) a failure of the Participant to reasonably and substantially perform his or her duties to
the Company or any of its Subsidiaries (other than as a result of physical or mental illness or injury); (ii) the Participant’s willful misconduct or gross negligence; (iii) a breach by the Participant of the Participant’s
fiduciary duty or duty of loyalty to the Company or any of its Affiliates; (iv) the commission by the Participant of any felony or other serious crime; or (v) a breach by the Participant of the terms of any agreement with the Company or
any Subsidiary or any Company policies. 
 (d)    In the event that the Participant’s Employment terminates for any
other reason, the Option may, to the extent otherwise vested and exercisable pursuant to Section 2 above on the date of such termination, be exercised by the Participant at any time within the ninety (90) day period following such date of
termination, but in any event no later than the tenth anniversary of the Grant Date. The Option shall, to the extent not theretofore exercised or terminated, terminate upon the expiration of such ninety (90) day (or shorter) period. 

5.     Effect of Certain Changes. In the event the Company terminates the Participant’s
Employment without Cause within the two (2) year period following the consummation of a Change in Control, any then-outstanding unvested portion of the Option shall immediately vest in full as of the date of such termination and may thereafter
be exercised for the time period specified in Section 4(d) hereof. 

  
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 6.
    Non-Transferability. The Option and the Participant’s rights hereunder shall not be transferable other than in accordance with the terms of the Plan. 

7.     No Guarantee of Employment. Nothing set forth herein shall (i) confer upon the
Participant any right of continued employment or service for any period by the Company or any of its Affiliates, (ii) entitle the Participant to remuneration or benefits not set forth in the Plan, or (iii) interfere with or limit in any
way the right of the Company or any such Affiliate to terminate the Participant’s Employment. 
 8.
    Taxes. The Participant shall pay to the Company promptly upon request, and in any event at the time the Participant recognizes taxable income in respect of the Option, an amount equal to the taxes the
Company determines it is required to withhold, if any, under applicable tax laws with respect to the exercise of such Option. Such payment shall be made in the form of cash, shares of Common Stock already owned or otherwise issuable upon the
exercise of the Options, or in a combination of such methods, subject to the terms of the Plan. In the event the Participant does not promptly pay to the Company an amount equal to the taxes the Company determines it is required to withhold under
applicable tax law with respect to the exercise of the Options, the Company shall offset such amount against any amounts, including shares of Common Stock, owed by the Company to the Participant, whether under this Agreement or otherwise, to the
extent permitted by Section 409A of the Code. 
 9.     Failure to Enforce Not a Waiver. The
failure of the Company to enforce at any time any provision of this Option Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. 

10.     Governing Law. This Option Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware, without regard to its conflict of law principles. 
 11.
    Notices. Any notice required or permitted under this Option Agreement shall be in writing and deemed given when (i) delivered personally, (ii) mailed by United States certified or registered
mail, return receipt requested, postage prepaid, or (iii) delivered by overnight courier service. Such notices shall be sent to the Participant at the last address specified in the Company’s records (or such other address as the
Participant may designate in writing to the Company), or to the Company at the following address (or such other address as the Company may designate in writing to the Participant): 

Surgical Care Affiliates, Inc. 

569 Brookwood Village, Suite 901 

Birmingham, AL 35209 
 Attn:
General Counsel 
 12.     Incorporation of Plan. A copy of the Plan is attached hereto and
incorporated herein by reference and made a part of this Option Agreement. This Option Agreement and the Option shall be subject to the terms of the Plan, as it may be amended from time to time, provided that such amendment of the Plan is made in
accordance with Section 16 of the Plan. 
 13.     Clawback Policies. Notwithstanding
anything in the Plan to the contrary, the Company will be entitled, to the extent permitted or required by applicable law (including Section 409A of the Code), Company policy and/or the requirements of an exchange on which the Company’s shares
are listed for trading, in each case, as in effect from time to time, to recoup compensation of whatever kind paid by the Company or any of its Affiliates at any time to a Participant under the Plan and the Participant, by accepting this award of an
Option pursuant to the Plan and this Option Agreement, agrees to comply with any Company request or demand for such recoupment. 

  
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 14.     Counterparts. This Option Agreement may
be executed in two or more counterparts, each of which shall be an original but all of which together shall represent one and the same agreement. 
  

							
	SURGICAL CARE AFFILIATES, INC.:	 		 	PARTICIPANT:
				
	By:	 	  
	 		 	  

		 	Name:	 		 	[Name]
		 	Title:	 		 	
		 		 		 	  

		 		 		 	Date:

  
 4EX-10.35

 Exhibit 10.35 

SURGICAL CARE AFFILIATES, INC. 

2016 OMNIBUS LONG-TERM INCENTIVE PLAN 

PERFORMANCE SHARE AWARD AGREEMENT 

This Performance Share Award Agreement (this “Agreement”) is entered into as of
                     (the “Grant Date”), by and between Surgical Care Affiliates, Inc., a Delaware corporation (the
“Company”), and                     , an employee of the Company or one or more of its Subsidiaries (the
“Participant”). 
 Pursuant to the Surgical Care Affiliates, Inc. 2016 Omnibus Long-Term Incentive Plan (the
“Plan”), the Board of Directors of the Company, or its Compensation Committee or a designee thereof (the “Administrator”), has determined that the Participant shall be granted an Incentive Award in the form of
performance shares (“Performance Shares”) upon the terms and subject to the conditions hereinafter contained. Pursuant to Section 7 of the Plan, the Administrator has the authority to designate, and has so designated, the
Performance Shares as “Performance-Based Compensation” in order to qualify such Performance Shares as “performance-based compensation” under Section 162(m) of the Code. Capitalized terms used but not defined herein shall have the
meanings assigned to them in the Plan. 
 1.     Number of Performance Shares and
Settlement. The Participant is hereby granted an award of Performance Shares (this “Award”) for a target number of                 
shares of the Company’s Common Stock (the “Target Award”), subject to the restrictions set forth herein. This Award represents the right to earn up to      percent (    %) of the
Target Award, and each Performance Share granted hereunder represents the right to receive one share of the Company’s Common Stock on the Settlement Date (as defined herein), upon the terms and subject to the conditions set forth in this
Agreement and the Plan. For purposes of this Agreement, the term “Performance Period” shall be the period commencing on
                     and ending on
                    . 
 2.
    Terms of Performance Shares. The grant of Performance Shares provided in Section 1 hereof shall be subject to the following terms, conditions and restrictions: 

(a)     The Performance Shares and any interest therein may not be sold, pledged, assigned, hypothecated, transferred, or
disposed of in any manner other than in accordance with the terms of the Plan. 
 (b)     Notwithstanding any other
provision of this Agreement, in no event shall any Earned Shares (as defined herein) be issued to the Participant prior to the satisfaction by the Participant of the liabilities described in Section 7 hereof. 

3.     Performance Goal; Earned Shares. 

(a)    The number of Performance Shares earned by the Participant for the Performance Period will be determined by the
Administrator at the end of the Performance Period based on the level of achievement of the Performance Goal in accordance with Exhibit A. Subject to the terms of this Agreement, if the threshold level of the Performance Goal is not reached
for the Performance Period, the Award and the Participant’s right to receive any Performance Shares pursuant to this Agreement shall automatically expire and be forfeited without payment of any consideration, effective as of the last day of the
Performance Period. All determinations of whether the Performance Goal has been achieved, the number of Performance Shares earned by the Participant, and all other matters related to this Section 3 shall be made by the Administrator in its sole
discretion. 

 (b)    Promptly following completion of the Performance Period, and in any
event within two and one-half (2  1⁄2) months following the end of the Performance Period, (a) the Administrator
will review and certify in writing (i) whether, and to what extent, the Performance Goal for the Performance Period has been achieved, and (ii) the number of Performance Shares that the Participant has earned and that are to be issued by
the Company, rounded to the nearest whole share (the “Earned Shares”), (b) the Company shall issue or cause to be issued in the name of the Participant the number of Earned Shares, if any, and (c) the Company shall enter the
Participant’s name (or the name of the Participant’s personal representative) on the books of the Company as a shareholder of record of the Company with respect to the Earned Shares, if any, as of the date of the Administrator’s
written certification (the “Settlement Date”). Such written certification of the Administrator shall be final, conclusive and binding on the Participant, and on all other persons, to the maximum extent permitted by law. 

4.    Rights as a Stockholder. Since the Earned Shares granted hereunder shall be settled in
shares of the Company’s Common Stock, the Participant shall possess all incidents of ownership as to such shares that are transferred to the Participant in respect of the settlement of the Earned Shares, including the right to receive or
reinvest dividends with respect to such shares (to the extent declared by the Company) and the right to vote such shares. Such incidents of ownership shall commence on the Settlement Date, and only with respect to such shares that are transferred to
the Participant on the Settlement Date. 
 5.     Effect of Certain Changes. In the event
the Company terminates the Participant’s Employment without Cause within the two (2) year period following the consummation of a Change in Control, with such termination occurring during the Performance Period, then the Award shall be
payable at the Target Award level on the effective date of the Change in Control and such Earned Shares shall be issuable as soon as practicable following such termination of Employment, and in any event not more than 30 days following such
termination of Employment, but only if permissible under Section 409A of the Code; if such settlement is not permissible under Section 409A of the Code, then settlement shall occur in accordance with the other terms of this Agreement. For
purposes hereof, “Cause” shall mean, unless otherwise provided in an employment agreement in effect immediately prior to such termination, (i) a failure of the Participant to reasonably and substantially perform his or
her duties to the Company or any of its Subsidiaries (other than as a result of physical or mental illness or injury); (ii) the Participant’s willful misconduct or gross negligence; (iii) a breach by the Participant of the
Participant’s fiduciary duty or duty of loyalty to the Company or any of its Affiliates; (iv) the commission by the Participant of any felony or other serious crime; or (v) a breach by the Participant of the terms of any
agreement with the Company or any Subsidiary or any Company policies. 
 6.     Termination of Employment.

 (a)    Subject to Section 5 hereof, in the event that the Participant ceases to be Employed by the Company or any
of its Subsidiaries for any reason other than death or disability prior to the last day of the Performance Period, the Award and the Participant’s right to receive any Performance Shares pursuant to this Agreement shall automatically expire and
be forfeited without payment of any consideration, effective as of the last day of the Performance Period. 
 (b)    In
the event that the Participant ceases to be Employed by the Company or any of its Subsidiaries as a result of the Participant’s death or disability prior to the last day of the Performance Period, the Participant will be issued a pro rata
portion of the Earned Shares otherwise issuable pursuant to Section 3 hereof, with such pro rata portion calculated by multiplying the number of Earned Shares that would have been issued had the Participant’s Employment not terminated
during the Performance Period by a fraction, the numerator of which equals the number of days that the Participant was employed during 

  
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the Performance Period and the denominator of which equals the total number of days in the Performance Period. The Company shall issue the pro rata portion of the Earned Shares in accordance with
the timing specified in Section 3(b) hereof. 
 7.     Taxes. The Participant shall pay to
the Company promptly upon request, and in any event at the time the Participant recognizes taxable income in respect of the Earned Shares, an amount equal to the taxes the Company determines it is required to withhold, if any, under applicable tax
laws with respect to the settlement of the Earned Shares. Such payment shall be made in the form of cash, shares of Common Stock already owned or otherwise issuable as of the Settlement Date, or in a combination of such methods, subject to the terms
of the Plan. In the event the Participant does not promptly pay to the Company an amount equal to the taxes the Company determines it is required to withhold under applicable tax laws with respect to the settlement of the Earned Shares, the Company
shall offset such amount against any amounts, including shares of Common Stock, owed by the Company to the Participant, whether under this Agreement or otherwise, to the extent permitted by Section 409A of the Code. 

8.     No Guarantee of Employment. Nothing set forth herein or in the Plan shall
(i) confer upon the Participant any right of continued Employment for any period by the Company or any of its Subsidiaries, (ii) entitle the Participant to remuneration or benefits not set forth in the Plan, or (iii) interfere with or
limit in any way the right of the Company or any Subsidiary to terminate such Participant’s Employment. 
 9.
    Notices. Any notice required or permitted under this Agreement shall be in writing and deemed given when (i) delivered personally, (ii) mailed by United States certified or registered mail,
return receipt requested, postage prepaid, or (iii) delivered by overnight courier service. Such notices shall be sent to the Participant at the last address specified in the Company’s records (or such other address as the Participant may
designate in writing to the Company), or to the Company at the following address (or such other address as the Company may designate in writing to the Participant): 

Surgical Care Affiliates, Inc. 

569 Brookwood Village, Suite 901 

Birmingham, AL 35209 
 Attn:
General Counsel 
 10.     Failure To Enforce Not a Waiver. The failure of the Company to
enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. 

11.     Governing Law. This Agreement shall be governed by and construed according to the laws
of the State of Delaware, without regard to its conflict of law principles. 
 12.     Incorporation of
Plan. A copy of the Plan is attached hereto and incorporated herein by reference and made a part of this Agreement. This Agreement and the Performance Shares shall be subject to the terms of the Plan, as it may be amended from time to
time, provided that such amendment of the Plan is made in accordance with Section 16 of the Plan. 
 13.
    Clawback Policies. Notwithstanding anything in the Plan to the contrary, the Company will be entitled, to the extent permitted or required by applicable law (including Section 409A of the Code), Company policy
and/or the requirements of an exchange on which the Company’s shares are listed for trading, in each case, as in effect from time to time, to recoup compensation of whatever kind paid by the Company or any of its Affiliates at any time to a
Participant under the Plan and the Participant, by accepting this award of Performance Shares pursuant to the Plan and this Agreement, agrees to comply with any Company request or demand for such recoupment. 

  
 3 

 14.    Section 162(m). The issuance of Earned Shares
under this Agreement is intended to constitute “qualified performance-based compensation” within the meaning of Section 162(m) of the Code. This Award shall be construed and administered in a manner consistent with such intent. 

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

									
	SURGICAL CARE AFFILIATES, INC.:	 		 		 	PARTICIPANT:
					
	By:	 	  
	 		 		 	  

		 	Name:	 		 		 	[Name]
		 	Title:	 		 		 	
		 		 		 		 	  

		 		 		 		 	Date:

  
 4 

 EXHIBIT A 

Performance Period 
 The
Performance Period shall commence on                      and end on
                    . 
 Performance Goal

 The Participant’s Target Award is
                 shares of the Company’s Common Stock and the number of Earned Shares will be based     % on the Company’s attainment of
the Adjusted E-NCI Target (as defined below) and     % on the Company’s attainment of the Systemwide Revenues Target (as defined below) (collectively, the “Performance
Goal”). The Participant is eligible to receive (i)                  shares of the Company’s Common Stock if the Company attains the Adjusted E-NCI Target (the “Adjusted E-NCI Shares”) and (ii)                  shares of
the Company’s Common Stock if the Company attains the Systemwide Revenues Target (the “Systemwide Revenues Shares”). Depending on the Company’s achievement of the Performance Goal, the Participant may earn between 0% (if
the minimum thresholds set forth below are not reached) and     % of the Target Award (if the maximum thresholds set forth below are reached). 

Determining the Number of Earned Shares 

Except as otherwise provided in the Plan or the Agreement, the number of Earned Shares with respect to the Performance Period shall be based on
the following two (2) Performance Criteria: 
  

	1.	Adjusted E-NCI: 

  

	 	(a)	“Adjusted EBITDA-NCI” (or “Adjusted E-NCI”) is defined as net income (loss) attributable to the Company
before interest income, income tax expense, debt related interest expense and amortization of debt discount, depreciation and amortization, income or loss from discontinued operations (net of income tax expense), and gains or losses on sale of
investments or disposal of assets; and any other adjustments for non-recurring items as approved by the Compensation Committee. 

 

	 	(b)	The target Adjusted E-NCI (the “Adjusted E-NCI Target”) for the      year in the Performance Period
(                     through
                    ) is $        , and the number of Adjusted E-NCI
Shares that the Participant will earn is based on the Company’s Adjusted E-NCI in                     
(“Actual Adjusted E-NCI”) compared to the Adjusted E-NCI Target, as follows: 

 

	 	•	 	Threshold:     % of the Adjusted E-NCI Shares are earned if Actual Adjusted E-NCI is     %
of the Adjusted E-NCI Target. None of the Adjusted E-NCI Shares are earned if Actual Adjusted E-NCI is less than
    % of the Adjusted E-NCI Target. 

  

	 	•	 	Target:     % of the Adjusted E-NCI Shares are earned if Actual Adjusted E-NCI is     % of
the Adjusted E-NCI Target. 

  

	 	•	 	Maximum:     % of the Adjusted E-NCI Shares are earned if Actual Adjusted E-NCI equals or exceeds
    % of the Adjusted E-NCI Target. 

  
 5 

	 	•	 	Interpolation: The Company will interpolate between the threshold, target and maximum goals. 

  

	2.	Systemwide Revenues: 

  

	 	(a)	“Systemwide Net Operating Revenues” (or “Systemwide Revenues”) is defined as the sum of (i) the revenues from all facilities in which the Company has an ownership interest (without
adjustment based on our percentage of ownership in such facilities) and (ii) the management fee revenues from facilities managed by the Company but in which the Company has no ownership interest. 

 

	 	(b)	The target Systemwide Revenues (the “Systemwide Revenues Target”) for the      year in the Performance Period
(                     through
                    ) is $        , and the number of Systemwide Revenues Shares that the Participant will
earn is based on the Company’s Systemwide Revenues in                      (“Actual Systemwide Revenues”) compared to the
Systemwide Revenues Target, as follows: 

  

	 	•	 	Threshold:     % of the Systemwide Revenues Shares are earned if Actual Systemwide Revenues is     % of the Systemwide Revenues Target. None of the Systemwide Revenues
Shares are earned if Actual Systemwide Revenues is less than     % of the Systemwide Revenues Target. 

  

	 	•	 	Target:     % of the Systemwide Revenues Shares are earned if Actual Systemwide Revenues is     % of the Systemwide Revenues Target. 

 

	 	•	 	Maximum:     % of the Systemwide Revenues Shares are earned if Actual Systemwide Revenues equals or exceeds     % of the Systemwide Revenues Target. 

 

	 	•	 	Interpolation: The Company will interpolate between the threshold, target and maximum goals. 

  
 6

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