Document:

amwl-ex1034_116.htm

Exhibit 10.34

AMENDMENT NO. 7

TO AMENDED AND RESTATED VENDOR AGREEMENT

This Amendment No. 7 (“Amendment”), effective as of October 4, 2021 (“Amendment 7 Effective Date”), is made to that certain Amended and Restated Vendor Agreement (the “Agreement”), dated December 23, 2014, by and among American Well Corporation, a Delaware corporation (“Vendor”), and Anthem, Inc. (“Anthem”), on behalf of itself and its affiliates, as amended.  Unless otherwise defined, capitalized terms used herein shall have the meanings given to such terms in the Agreement.

 

WHEREAS, Anthem and Vendor desire to amend the Agreement to revise their commercial arrangement.

 

NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, the Parties agree as follows:

 

I.Amendment.  Section 10 of Exhibit D is hereby deleted in its entirety and replaced with the following: 

 

“10.Resale.  

	
(a)
	
In the event that Anthem desires to resell the Online Care Service to another health plan or insurer, the parties will meet and negotiate in good faith the terms and related fees due to Vendor resulting from such a transaction.  For clarity, Anthem will not be able to consummate such a resale or other transaction with a health plan or insurer without Vendor’s written consent or an amendment to this Agreement.

 

	
(b)
	
In the event that Anthem desire to resell employer service offerings developed by Vendor to Anthem’s employer clients, Anthem may purchase such offerings from Vendor at the prices set forth on Schedule 1 to Exhibit D, attached hereto.  In such a case, Vendor will issue an invoice which shall be payable by Anthem in accordance with the terms in the Agreement. 

 

In the event of a unique circumstance regarding a potential Anthem customer, the parties will meet and negotiate in good faith variations from the terms and related fees due under Schedule 1 to Exhibit D related to such a transaction.  For clarity, Anthem will not be able to consummate such a unique resale or other transaction without Vendor’s written consent or an amendment to this Agreement.

 

 

 

 

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their respective duly authorized representatives as of the day and year above written. 

 

 

AMERICAN WELL CORPORATION

Signature:  ____________________________

Print Name:  Bradford Gay

Title:  General Counsel

Date: 

 

ANTHEM, INC.

Signature:  _____________________________

Print Name:  

Title:  _________________________________

Date: 

 

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Attachment 1 to EXHIBIT D 

Amwell Clinical Program Offerings:

	
1.
	
Reseller Rates. The parties agree to the following reseller rates until December 31, 2022.  At that time, the parties will renegotiate the rates in good faith and memorialize their understanding via an amendment to the Agreement. 

	
2.
	
Parties agree that rates quoted to a Company Client based on reseller rates listed in Exhibit A shall be valid for a period of 12 (twelve) months from the date a formal written proposal is presented to such Company Client.  In addition, Amwell shall not change the pricing to Anthem with respect to a Company Client for the first year of the contract with such Company Client.  

					
	
Program or Service
	
Description
	
Sub program
	
Pricing Method
	
Wholesale Price

	
Healthy Impact Offerings
	
Direct to employer programs for health and wellness 
	
•Healthy Weight

•Healthy BP

•Tobacco Free

 
	
Per participant per year admin fee 

 

 

 

 

 
	
$315 HW

$315 HBP

$350 Tobacco Free    

 

 

 

 

	
 
	
 
	
Healthy Sleep
	
No charge
	
 

	
 
	
 
	
Prevent Diabetes
	
Prevent Diabetes is billed on the AMG professional contract using the respective Diabetes Prevention CPT codes and paid through claim dollars.
	
 

	
 
	
 
	
Healthy Back and Joints
	
Healthy Back and Joint is priced using three milestones. The milestones may be billed as an admin fee per enrolled participant. 

(Based on client preference, the 2nd and 3rd Milestones may be billed as claims using an agreed upon S code.)

Milestone definitions are included in Section 2 herein 

 
	
See Section 2 below

Pricing may be modified on any Healthy Impact program for a particular client as mutually agreed to by both parties. 

Notwithstanding the above, the Parties agree that the rates set forth in this schedule will not apply to or supersede those that Anthem pays Amwell for any existing client rates as of the Amendment Effective Date. 

	
3.
	
Healthy Back and Joint Definition of Milestones 1-3

 

Below are event-based milestones, triggered by a participant’s utilization of the MSK program. Vendor agrees to bill Anthem/Company only for Milestones completed by participants. For the purposes of the MSK program, 

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Parties agree that all milestones listed below must be completed within 12 months from the date of completion of Milestone 1. Vendor shall not bill Anthem for more than 3 milestones per participant.

 

 

				
	
Milestone
	
Wholesale

Price per

Participant
	
▪Includes
	
▪Billing Trigger

	
Milestone 1
	
▪$234
	
•Technology Kit

•Marketing Engagement services
	
▪Delivery receipt of the kit

	
Milestone 2
	
▪$333
	
•Video coaching assessment session with PT 

•3 exercise modules with the Digital platform

•Unlimited chat-based interactions with PT coach
	
▪Participant completes 3 exercises with their Digital platform

	
Milestone 3
	
▪$333
	
•6 exercise modules with the Digital platform

•Unlimited chat-based interactions with PT coach

•Additional exercise modules may be completed by participants at no additional cost to Anthem
	
▪Participant completes 9 exercises with their Digital platform 

 

 

 

 

 

 

 

 

 

 

4amwl-ex1039_118.htm

 

Exhibit 10.39

AMERICAN WELL CORPORATION

SUB PLAN TO THE 2020 EQUITY INCENTIVE PLAN 

REPUBLIC OF IRELAND AND THE UNITED KINGDOM

 

As Effective October 14, 2021

 

1.Overview. This plan (the "Sub Plan") was adopted by the Board of Directors (the "Board") of the American Well Corporation (the "Company") on October 14, 2021 as a sub plan of the American Well Corporation 2020 Equity Incentive Plan (the "Main Plan"), pursuant to Rule 5(c)(iv) of the Main Plan. Capitalized terms not defined herein shall have the meaning assigned under the Main Plan. The Sub Plan and all Awards issued hereunder are subject to the terms and conditions of the Main Plan, except as modified by the provisions of this Sub Plan. In the event of any inconsistency between the Main Plan and this Sub Plan, this Sub Plan will control to the extent consistent with applicable law.

2.Purpose. The purpose of this Sub Plan is to facilitate the grant of Awards to Employees of the Company and its Subsidiaries who are resident in either the Republic of Ireland or the United Kingdom. 

3.Eligibility. The Administrator may, from time to time, select from among all Employees of the Company and its Subsidiaries who are resident in either the Republic of Ireland or the United Kingdom those to whom an Award shall be granted pursuant to this Sub Plan. For the avoidance of doubt, this Awards may not be granted pursuant to this Sub Plan to any Non-Employee Directors or Consultants or any other person who is not an Employee. Rule 5(d) of the Main Plan shall not apply for the purposes of this Sub Plan, and Rule 4(c)(ii) and the remaining provisions of Rule 5 of the Main Plan shall apply to this Sub Plan on such modified basis as is required to give effect to the foregoing.

4.Grant of Awards. 

(a)Form of Awards. Subject to the provisions of the Main Plan and Applicable Law, the Administrator will have the authority, in its discretion, to determine the type or types of Awards to be granted to each Employee pursuant to this Sub Plan (including, without limitation, any Awards granted in tandem with another Award granted pursuant to this Sub Plan), provided that Awards may not be granted pursuant to this Sub Plan in the form of Incentive Stock Options.

(b)Awards in the Form of Options granted to Employees who are resident in the Republic of Ireland. Where the Administrator has determined that an Award will be granted in the form of an Option to an Employee who is resident in the Republic of Ireland, the Administrator will determine the term of such Option and such term will be stated in the Award Agreement; provided, however, that where the Exercise Price per Share is less than the Fair Market Value of a Share at the date of grant then the term will be no more than 7 years from the date of grant thereof. Rule 6(d) of the Main Plan shall apply to this Sub Plan on such modified basis as is required to give effect to the foregoing.

(c)Vesting of Awards on Termination of Service due to retirement. The Administrator may, in its sole discretion, provide that an Award granted pursuant to this Sub Plan may become vested subsequent to a Termination of Service of the relevant Participant in the event of any specified Termination of Service (such as death or disability or retirement).

5.Relationship with contract of employment. Neither the making of an Award, nor the provision of any benefits under this Sub Plan, shall form part of a Participant's entitlement to remuneration or benefits pursuant to their contract of employment. Benefits under this Sub Plan shall not be pensionable. The rights and obligations of the Participant under the terms of their contract of employment shall not be affected by their participation in this Sub Plan. A Participant shall not be entitled to any, or any additional, damages or compensation for any loss of benefit under this Sub Plan, being a loss arising in consequence of the Participant giving or receiving notice of termination of employment with the Company or any Subsidiary or ceasing to hold employment with the Company or any Subsidiary for any reason whatsoever, whether lawful or unlawful. A Participant shall not be entitled to any compensation for any loss or potential loss arising by reason of any exercise (or lack of exercise) of any discretion under this Plan.

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6.Data protection. To the satisfaction and under the direction of the Board, all operations of the Sub Plan and each Award shall include or be supported by appropriate agreements, notifications and arrangements in respect of the collection, storage, use, transfer and other processing of personal data in connection with the Sub Plan, in order to secure:

(a)the Administrator's reasonable freedom to operate the Sub Plan and for connected purposes; and 

	
 
	
(b)
	
compliance with all data protection requirements applicable from time to time, including under any Applicable Laws relating to data processing and under and any relevant practices and policies of the Company and any Subsidiary.

The Group's Data Protection Policy and/or Privacy Notice will apply to the processing of personal data in connection with this Sub Plan.

 

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