Document:

Exhibit 10.76

 

Exhibit 10.76

SECOND AMENDMENT TO

EMPLOYMENT AGREEMENT

     THIS SECOND AMENDMENT to the Employment Agreement by and between MedCath Corporation (the
“Company”) and O. Edwin French (“Executive”) (the “Second Amendment”) is effective as of the 12th
day of February, 2007.

RECITALS:

     WHEREAS, Company and Executive entered into an Employment Agreement dated February 21, 2006,
as amended by First Amendment to Employment Agreement dated September 1, 2006 (the “Agreement”);

     WHEREAS, Executive has been employed by Company prior to the date hereof;

     WHEREAS, Company and Executive desire to continue Executive’s employment in accordance with
the terms of Executive’s Employment Agreement and in accordance with the terms of this Second
Amendment;

     WHEREAS, Company has offered Employee an opportunity to cash-out his/her accrued but unused
paid days off (as of December 31, 2006) on certain terms in exception of Company policy; and

     WHEREAS, the parties now wish to amend the Agreement on the terms set forth below:

     NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
and confessed, Company and Executive agree to amend the Agreement on the following terms:

 

 

     1. Section 6.1(a)(ii) of the Agreement (Termination By Company Without Cause or By Executive
for Good Reason) shall be deleted in its entirety and replaced with the following:

          (ii) a cash lump sum payment in respect of (x) compensation earned but not yet
paid (including any awarded but deferred Bonus payments) (the “Compensation
Payment”) and (y) reasonable expenses incurred under Section 5 but not yet
reimbursed (the “Expense Payment”); and

     2. The last sentence in Section 6.1(b) of the Agreement (Termination By Company Without Cause
or By Executive for Good Reason) shall be deleted in its entirety and replaced with the following:

The Compensation Payment and the Expense Payment shall be paid by the Company to
Executive in a cash lump sum payment within 30 days after the date of termination.

     3. Section 6.2(iii) of the Agreement (Permanent Disability) shall be deleted in its entirety
and replaced with the following:

          (iii) the Compensation Payment and the Expense Payment; and

     4. Section 6.3(iii) of the Agreement (Death) shall be deleted in its entirety and replaced
with the following:

          (iii) the Compensation Payment and the Expense Payment; and

     5. The second sentence in Section 6.4(a) of the Agreement (Termination By Company for Cause or
By Executive without Good Reason) shall be deleted in its entirety and replaced with the following:

In the event that Executive’s employment is terminated by the Company for Cause or
by Executive without Good Reason, notwithstanding any other provision in the
Agreement, Executive shall be entitled only to the Compensation Payment and the
Expense Payment, and shall not be entitled to any further compensation or

 

 

benefits hereunder including, without limitation, the payment of any bonus in
respect of all or any portion of the fiscal year in which such termination occurs.

     6. Capitalized terms not defined in this Second Amendment shall have the meaning assigned to
them in the Agreement.

     7. Except as specifically set forth in this Second Amendment, the terms and conditions of the
Agreement shall remain in full force and effect.

     8. In the event of any conflict between the terms of this Second Amendment and terms of the
Agreement, the terms of this Second Amendment shall control.

     IN WITNESS WHEREOF, the parties have executed this Second Amendment on the day first written
above.

	 	 	 	 	 	 	 
	 	 	MEDCATH CORPORATION
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Phil Mazzuca	 	 
	 

	 	 	 	 	 	 
	 

	 	Name: PHIL MAZZUCA	 	 
	 

	 	Title:   CHIEF OPERATING OFFICER	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	O. EDWIN FRENCH
	 
	 	 	 	 	 	 
	 	 	/s/ O. Edwin FrenchExhibit 10.77

 

Exhibit 10.77

SECOND AMENDMENT TO

EMPLOYMENT AGREEMENT

     THIS SECOND AMENDMENT to the Employment Agreement by and between MedCath Corporation (the
“Company”) and Phil Mazzuca (“Executive”) (the “Second Amendment”) is effective as of the 12th day
of February, 2007.

RECITALS:

     WHEREAS, Company and Executive entered into an Employment Agreement dated March 27, 2006, as
amended by First Amendment to Employment Agreement dated September 1, 2006 (the “Agreement”);

     WHEREAS, Executive has been employed by Company prior to the date hereof;

     WHEREAS, Company and Executive desire to continue Executive’s employment in accordance with
the terms of Executive’s Employment Agreement and in accordance with the terms of this Second
Amendment;

     WHEREAS, Company has offered Employee an opportunity to cash-out his/her accrued but unused
paid days off (as of December 31, 2006) on certain terms in exception of Company policy; and

     WHEREAS, the parties now wish to amend the Agreement on the terms set forth below:

     NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
and confessed, Company and Executive agree to amend the Agreement on the following terms:

 

 

     1. Section 6.1(a)(ii) of the Agreement (Termination By Company Without Cause or By Executive
for Good Reason) shall be deleted in its entirety and replaced with the following:

          (ii) a cash lump sum payment in respect of (x) compensation earned but not yet
paid (including any awarded but deferred Bonus payments) (the “Compensation
Payment”) and (y) reasonable expenses incurred under Section 5 but not yet
reimbursed (the “Expense Payment”); and

     2. The last sentence in Section 6.1(b) of the Agreement (Termination By Company Without Cause
or By Executive for Good Reason) shall be deleted in its entirety and replaced with the following:

The Compensation Payment and the Expense Payment shall be paid by the Company to
Executive in a cash lump sum payment within 30 days after the date of termination.

     3. Section 6.2(iii) of the Agreement (Permanent Disability) shall be deleted in its entirety
and replaced with the following:

          (iii) the Compensation Payment and the Expense Payment; and

     4. Section 6.3(iii) of the Agreement (Death) shall be deleted in its entirety and replaced
with the following:

          (iii) the Compensation Payment and the Expense Payment; and

     5. The second sentence in Section 6.4(a) of the Agreement (Termination By Company for Cause or
By Executive without Good Reason) shall be deleted in its entirety and replaced with the following:

In the event that Executive’s employment is terminated by the Company for Cause or
by Executive without Good Reason, notwithstanding any other provision in the
Agreement, Executive shall be entitled only to the Compensation Payment and the
Expense Payment, and shall not be entitled to any further compensation or

 

 

benefits hereunder including, without limitation, the payment of any bonus in
respect of all or any portion of the fiscal year in which such termination occurs.

     6. Capitalized terms not defined in this Second Amendment shall have the meaning assigned to
them in the Agreement.

     7. Except as specifically set forth in this Second Amendment, the terms and conditions of the
Agreement shall remain in full force and effect.

     8. In the event of any conflict between the terms of this Second Amendment and terms of the
Agreement, the terms of this Second Amendment shall control.

     IN WITNESS WHEREOF, the parties have executed this Second Amendment on the day first written
above.

	 	 	 	 	 	 	 
	 	 	MEDCATH CORPORATION
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ O. Edwin French	 	 
	 

	 	 	 	 	 	 
	 

	 	Name: O. EDWIN FRENCH	 	 
	 

	 	Title:   PRESIDENT AND CHIEF
	 

	 	 	 	 	 	 
	 

	 	 	 	    EXECUTIVE OFFICER	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	PHIL MAZZUCA
	 
	 	 	 	 	 	 
	 	 	/s/ Phillip J. MazzucaEX-10.1 McNairy Severance Agreement

 

Exhibit 10.1

Severance Arrangement with Charles L. McNairy

Mr. McNairy is an at-will employee. If Mr. McNairy were to be terminated by Avatar Holdings Inc.
(“Avatar”) without cause he would be entitled to one year of his then current base salary and
benefits. As set forth in a letter dated July 22, 2004, upon the earlier of his termination of
employment and the conversion of restricted stock units (“RSUs”) that he was awarded on July 24,
2004, into shares of Avatar common stock, Mr. McNairy would receive the greater of the RSUs, to the
extent their fair market value is greater than the cash amounts he is entitled to receive as
severance, if any, or the severance payments, if any. Under no circumstance will he receive both
the shares issuable under the award and the severance payments.Exhibit 10.1

 

EXHIBIT 10.1

 

FIRST AMENDMENT

Dated as of May 7, 2007

To the

COMBINATION AGREEMENT AND

AGREEMENT AND PLAN OF MERGER

Dated as of January 29, 2007

Among

ABITIBIBOWATER INC. (FORMERLY ALPHA-BRAVO HOLDINGS INC.),

ABITIBI-CONSOLIDATED INC.,

BOWATER INCORPORATED,

ALPHA-BRAVO MERGER SUB INC.,

and

BOWATER CANADA INC.

 

 

 

          This FIRST AMENDMENT TO THE COMBINATION AGREEMENT AND AGREEMENT AND PLAN OF MERGER is dated as
of May 7, 2007 (this “Amendment”) and is made among ABITIBIBOWATER INC. (formerly Alpha-Bravo
Holdings Inc.), a Delaware corporation (“Parent”), ABITIBI-CONSOLIDATED INC., a corporation
amalgamated under the laws of Canada (“ACI”), BOWATER INCORPORATED, a Delaware corporation
(“Bowater”), ALPHA-BRAVO MERGER SUB INC., a Delaware corporation (“Merger Sub”), and BOWATER CANADA
INC., a corporation incorporated under the laws of Canada (“ExchangeCo”).

          WHEREAS, Parent, ACI, Bowater, Merger Sub and ExchangeCo entered into that certain Combination
Agreement and Agreement and Plan of Merger, dated as of January 29, 2007 (the “Combination
Agreement");

          WHEREAS, all of the parties to the Combination Agreement desire to amend the Combination
Agreement as set forth below;

          NOW, THEREFORE, in consideration of the representations, warranties, covenants and agreements
contained in the Combination Agreement, and subject to the conditions set forth therein, the
parties hereto agree as follows:

ARTICLE I

AMENDMENT

SECTION 1.01 Exhibit B to the Combination Agreement is hereby deleted in its entirety and replaced
with the exhibit attached hereto as Schedule A.

SECTION 1.02 In all other respects, the Combination Agreement shall remain unamended and in full
force and effect.

ARTICLE II

GENERAL PROVISIONS

SECTION 2.01 All capitalized terms used herein and not herein defined shall of the respective
meanings ascribed thereto in the Combination Agreement.

SECTION 2.02 This Amendment may be executed in one or more counterparts (including by facsimile),
all of which shall be considered one and the same agreement and shall become effective when one or
more counterparts have been signed by each of the parties and delivered to the other parties.

SECTION 2.03 Without giving effect to any choice or conflict of law provision or rule (whether of
the State of New York or any other jurisdiction) that would cause the application of laws of any
other jurisdictions other than those of the State of New York, this Amendment shall be deemed to be
made in and in all respects shall be interpreted, construed and governed by and in accordance with,
and any disputes or litigation arising out of or relating, directly or indirectly, to this
Amendment shall be interpreted, construed

 

 

and governed by and in accordance with, the Laws of the State of New York, except to the extent
mandatorily governed by the Laws of Canada or the Laws of the province of Quebec or the internal
laws of the State of Delaware, as applicable.

[Signature Pages Immediately Follow]

2

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be signed by their
respective officers hereunto duly authorized, all as of the date first written above.

	 	 	 	 	 
	 	ABITIBIBOWATER INC.

 	 
	 	By:  	/s/ John W. Weaver
 	 
	 	 	Name:  	John W. Weaver 	 
	 	 	Title:  	Chairman 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                                  /s/ David J. Paterson
 	 
	 	 	Name:  	David J. Paterson 	 
	 	 	Title:  	President 	 
	 

	 	 	 	 	 
	 	ABITIBI-CONSOLIDATED INC.

 	 
	 	By:  	/s/ John W. Weaver
 	 
	 	 	Name:  	John W. Weaver 	 
	 	 	Title:  	President and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                                  /s/ Pierre Rougeau
 	 
	 	 	Name:  	Pierre Rougeau 	 
	 	 	Title:  	Senior Vice-President, Corporate
Development and Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	BOWATER INCORPORATED

 	 
	 	By:  	/s/ David J. Paterson
 	 
	 	 	Name:  	David J. Paterson 	 
	 	 	Title:  	President and Chief Executive Officer 	 
	 

 

 

	 	 	 	 	 
	 	ALPHA-BRAVO MERGER SUB INC.

 	 
	 	By:  	/s/ John W. Weaver
 	 
	 	 	Name:  	John W. Weaver 	 
	 	 	Title:  	Chairman 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                                  /s/ David J. Paterson
 	 
	 	 	Name:  	David J. Paterson 	 
	 	 	Title:  	President 	 
	 

	 	 	 	 	 
	 	BOWATER CANADA INC.

 	 
	 	By:  	/s/ William G. Harvey
 	 
	 	 	Name:  	William G. Harvey 	 
	 	 	Title:  	Director 	 
	 

 

 

SCHEDULE A

*Schedule A is set forth in its entirety as Exhibit E to the joint proxy

statement/prospectus/management information circular.

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