Document:

Exhibit

Exhibit 10.2

AMENDMENT TO EMPLOYMENT AGREEMENT

This AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) modifies certain terms and conditions of the Employment Agreement effective December 1, 2014 between David Wichmann and United HealthCare Services, Inc. (the “Employment Agreement”). Accordingly, Executive’s Employment Agreement is amended, effective as of the last date executed below, as follows:

Section 1.B is hereby deleted and replaced with the following:

B.    Title and Duties.  Executive will be employed as Chief Executive Officer, UnitedHealth Group. Executive will perform such duties, have such authority, and exercise such supervision and control as are commonly associated with Executive’s position, as well as perform such other duties as are reasonably assigned to Executive.  Executive will devote substantially all of Executive’s business time and energy to Executive’s duties.  Executive will maintain operations in Executive’s area of responsibility, and make every reasonable effort to ensure that the employees within that area of responsibility act, in compliance with applicable law and UnitedHealth Group’s Code of Conduct, as amended from time to time.  Executive is subject to all of UnitedHealth Group’s employment policies and procedures (except as specifically superseded by this Agreement).
Section 3.B.v is hereby deleted and replaced with the following:

v.    By Executive for Good Reason.  Executive may terminate this Agreement and Executive’s employment for Good Reason, as defined below.  Executive must give UnitedHealth Group written notice specifying in reasonable detail the circumstances constituting Good Reason, within 120 days of becoming aware of such circumstances, or such circumstances will not constitute Good Reason.  If the circumstances constituting Good Reason are reasonably capable of being remedied, UnitedHealth Group will have 60 days to remedy such circumstances. “Good Reason” will exist if, without Executive’s consent, UnitedHealth Group: (a) reduces Executive’s base salary or target bonus percentage other than in connection with a general reduction affecting a group of similarly situated employees; (b) moves Executive’s primary work location more than 50 miles; (c) makes changes that substantially diminish Executive’s duties or responsibilities from that of Chief Executive Officer, UnitedHealth Group; or (d) makes changes to Executive’s reporting relationship that results in Executive not reporting to the Chairman of UnitedHealth Group.

Except as expressly set forth in this Amendment, the Employment Agreement remains in full force and effect according to its terms.

	
					
	United HealthCare Services, Inc.    
	 
	Executive

	By:
	 /s/ D. Ellen Wilson
	 
	By:
	 /s/ David Wichmann

	Its:
	Executive Vice President, Human Capital
	 
	 
	 

	 
	 
	 
	 
	 

	Date:
	August 16, 2017    
	 
	Date:
	August 16, 2017Exhibit

Exhibit 10.3

AMENDMENT TO EMPLOYMENT AGREEMENT

This AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) modifies certain terms and conditions of the Employment Agreement effective December 1, 2014 between Larry Renfro and United HealthCare Services, Inc. (the “Employment Agreement”). Accordingly, Executive’s Employment Agreement is amended, effective as of the last date executed below, as follows:

Section 1.B is hereby deleted and replaced with the following:

B.    Title and Duties.  Executive will be employed as the Vice Chairman of UnitedHealth Group and Chief Executive Officer of Optum and will report to the Chief Executive Officer of UnitedHealth Group. Executive will perform such duties, and exercise such supervision and control as are commonly associated with Executive’s position, as well as perform such other duties as are reasonably assigned to Executive. Executive will maintain operations in Executive’s area of responsibility, and promote and encourage compliance with applicable law and UnitedHealth Group’s Code of Conduct.  Executive is subject to all of UnitedHealth Group’s employment policies and procedures (except as specifically superseded by this Agreement).
Section 3.A is hereby deleted and replaced with the following:

A.    Term. This Agreement’s term begins on August 15, 2017 and ends on August 14 2019 (“Employment Period”), unless sooner terminated under Section 3.B.  If both parties consent in writing no later than 60 days prior to the end of the Employment Period, this Agreement shall be extended for an additional two-year period commencing on August 15, 2019 (“Additional Employment Period”).

Section 3.B.v is hereby deleted and replaced with the following:

v.    By Executive for Good Reason. Executive may terminate this Agreement and Executive’s employment for Good Reason, as defined below.  Executive must give UnitedHealth Group written notice specifying in reasonable detail the circumstances constituting Good Reason, within 120 days of becoming aware of such circumstances, or such circumstances will not constitute Good Reason.  If the circumstances constituting Good Reason are reasonably capable of being remedied, UnitedHealth Group will have 60 days to remedy such circumstances. “Good Reason” will exist if, without Executive’s consent, UnitedHealth Group: (a) reduces Executive’s base salary or target bonus percentage other than in connection with a general reduction affecting a group of similarly situated senior executives; (b) moves Executive’s primary work location more than 50 miles from Boston, Massachusetts or another location agreed upon by Executive and UnitedHealth Group, which is a substantive location of operations for Optum; (c) makes changes so that Executive no longer holds the position of Vice Chairman of UnitedHealth Group or another position with equivalent or greater responsibilities, duties and standing; or (d) makes changes to Executive’s reporting relationship that results in Executive not reporting to the Chief Executive Officer of UnitedHealth Group.

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Exhibit 10.3

Except as expressly set forth in this Amendment, the Employment Agreement remains in full force and effect according to its terms.

	
					
	United HealthCare Services, Inc.    
	 
	Executive

	 
	 
	 
	 
	 

	By:
	 /s/ D. Ellen Wilson
	 
	By:
	 /s/ Larry C. Renfro

	Its:
	Executive Vice President, Human Capital
	 
	 
	 

	 
	 
	 
	 
	 

	Date:
	August 15, 2017    
	 
	Date:
	July 28, 2017

2Exhibit

Exhibit 4(a)

SECOND SUPPLEMENTAL INDENTURE

SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of September 8, 2017 among DENBURY RESOURCES INC., a Delaware corporation (the “Company”), on behalf of itself and the Subsidiary Guarantors under the Indenture referred to below (the “Existing Subsidiary Guarantors”), WILMINGTON TRUST, NATIONAL ASSOCIATION, as trustee under the Indenture referred to below (the “Trustee”), and the following indirect, wholly-owned subsidiaries of the Company (referred to herein collectively as the “New Subsidiary Guarantors”): (1) DENBURY BROOKHAVEN PIPELINE, LLC, a Delaware limited liability company and (2) DENBURY BROOKHAVEN PIPELINE PARTNERSHIP, LP, a Delaware limited partnership.

W I T N E S S E T H:

WHEREAS the Company has heretofore executed and delivered to the Trustee an Indenture dated as of February 17, 2011 (the “Original Indenture”), as supplemented by that certain First Supplemental Indenture dated as of December 31, 2014 (together with the Original Indenture, the “Indenture”) providing for the issuance of 6 3/8% Senior Subordinated Notes due 2021 (the “Securities”);

WHEREAS the Company desires to cause the New Subsidiary Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Subsidiary Guarantors shall fully and unconditionally guarantee all of the obligations of the Company under the Securities pursuant to a Subsidiary Guarantee on the terms and conditions set forth herein; and

WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee, the Company and Existing Subsidiary Guarantors are authorized to execute and deliver this Second Supplemental Indenture;

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Subsidiary Guarantors, the Company, the Existing Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Securities as follows:

1.Definitions.  

(a)    Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

(b)    For all purposes of this Second Supplemental Indenture, except as otherwise herein expressly provided or unless the context otherwise requires:  (i) the terms and expressions used herein shall have the same meanings as corresponding terms and expressions used in the Indenture; and (ii) the words “herein,” “hereof” and “hereby” and other words of similar import used in this Second Supplemental Indenture refer to this Second Supplemental Indenture as a whole and not to any particular section hereof.

2.Agreement to Guarantee.  Each New Subsidiary Guarantor hereby agrees, jointly and severally with all other Existing Subsidiary Guarantors, to guarantee all of the obligations of the Company under the Securities on the terms and subject to the conditions set forth in Article 11 of the Indenture and to be bound by all other applicable provisions of the Indenture.  The Obligations of the New Subsidiary Guarantors shall be subordinated to all existing 

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and future Senior Indebtedness of such Subsidiary Guarantors as set forth in Article 12 of the Indenture.

3.Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Second Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby.

4.Governing Law. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

5.Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this Second Supplemental Indenture.

6.Counterparts. The parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

7.Effect of Headings.  The Section headings herein are for convenience only and shall not effect the construction thereof.

[Signature page follows]

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IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed as of the date first above written.

	
				
	 
	 
	DENBURY BROOKHAVEN PIPELINE, LLC

	 
	 
	 
	 

	 
	 
	By:
	/s/ James S. Matthews

	 
	 
	Name:
	James S. Matthews

	 
	 
	Title:
	Executive Vice President, 
Chief Administrative Officer, 
General Counsel and Secretary

	
				
	 
	 
	DENBURY BROOKHAVEN PIPELINE PARTNERSHIP, LP

	 
	 
	 
	 

	 
	 
	By:
	Denbury Brookhaven Pipeline, LLC, its general partner

	 
	 
	 
	 

	 
	 
	By:
	/s/ James S. Matthews

	 
	 
	Name:
	James S. Matthews

	 
	 
	Title:
	Executive Vice President, 
Chief Administrative Officer, 
General Counsel and Secretary

	
				
	 
	 
	DENBURY RESOURCES INC., on behalf of itself and the Existing Subsidiary Guarantors

	 
	 
	 
	 

	 
	 
	By:
	/s/ James S. Matthews

	 
	 
	Name:
	James S. Matthews

	 
	 
	Title:
	Executive Vice President, 
Chief Administrative Officer, 
General Counsel and Secretary

	
				
	 
	 
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee

	 
	 
	 
	 

	 
	 
	By:
	/s/ Shawn Goffinet

	 
	 
	Name:
	Shawn Goffinet

	 
	 
	Title:
	Assistant Vice President

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