Document:

Form of Indemnification Agreement

 Exhibit 10.2 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT (this “Agreement”)
is entered into as of             ,             , by and between IPC The Hospitalist Company, Inc., a Delaware corporation (the
“Company”), and             (“Indemnitee”).  
 RECITALS 
 A. The Company is aware that competent and experienced persons are increasingly reluctant to serve or continue
serving as directors or executive officers of companies unless they are protected by comprehensive liability insurance and adequate indemnification from exposure to litigation risks and costs that result from service to such companies and often bear
no relationship to the compensation of such directors or executive officers. 
 B. The statutes and judicial decisions regarding the duties
of directors and executive officers often fail to provide directors and executive officers with adequate, reliable knowledge of the legal risks to which they are exposed or the manner in which they are expected to execute their fiduciary duties and
responsibilities. 
 C. The Company and the Indemnitee recognize that plaintiffs often seek damages in such large amounts, and the costs of
litigation may be so great (whether or not the litigation is meritorious), that the defense and/or settlement of such litigation can create an extraordinary burden on the personal resources of directors and executive officers. 
 D. The Company’s Amended and Restated Certificate of Incorporation, as approved by its stockholders, provides that the Company shall indemnify and
also advance expenses, to the fullest extent permitted by the Delaware General Corporation Law, any director and any officer, employee or agent of the Company selected by the Board for indemnification, and such indemnification may be evidenced by an
indemnification agreement. 
 E. The board of directors of the Company has concluded that, to attract and retain competent and experienced
persons to serve as directors and officers of the Company, it is not only reasonable and prudent, but also necessary, in order to promote the best interests of the Company and its stockholders, for the Company to contractually indemnify its
directors and executive officers in the manner set forth herein, and to assume for itself liability for expenses and damages in connection with claims against such directors and executive officers in connection with their service to the Company as
provided herein. 
 F. The Company desires and has requested the Indemnitee to serve or continue to serve as a director and/or officer of the
Company, and the Indemnitee is willing to serve, or to continue to serve, as a director and/or officer of the Company if the Indemnitee is furnished the indemnity provided for herein by the Company. 
 NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements set forth below, the parties hereto, intending to be legally
bound, hereby agree as follows: 
 1. Definitions. For purposes of this Agreement, the following terms shall have the
corresponding meanings set forth below. 
 “Affiliate” means an entity which is directly or indirectly, through one or more
intermediaries, controlled by or under common control with the Company or which is consolidated with the Company in the Company’s audited financial statements. 
 “Change in Control” means (a) the acquisition by any Person (including any group of Persons within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act) of beneficial
ownership (within the meaning of Rule 13d-3 under the Exchange Act) of more than fifty percent (50%) of the outstanding voting shares; provided, however, a Change in Control shall not be deemed to occur solely because more than
fifty percent (50%) of the outstanding voting shares is acquired by (i) a trustee or other fiduciary holding securities 

 
under one or more employee benefit plans maintained by the Company or any of its subsidiaries; or (ii) any Person which, immediately prior to such
acquisition, is owned directly or indirectly by the stockholders of the Company in approximately the same proportion as their ownership of voting shares immediately prior to such acquisition; (b) a merger, consolidation or other reorganization
involving the Company if the stockholders of the Company and their affiliates, immediately before such merger, consolidation or other reorganization, do not, as a result of such merger, consolidation, or other reorganization, own directly or
indirectly, more than fifty percent (50%) of the combined voting power of the then outstanding voting shares of the entity resulting from such merger, consolidation or other reorganization; (c) a complete liquidation or dissolution of the
Company; or (d) the sale or other disposition of all or substantially all of the assets of the Company and its subsidiaries to a Person determined on a consolidated basis. An initial public offering of shares of the Company’s common stock
does not constitute a Change in Control. 
 “Claim” means a claim or action asserted by a Person in a Proceeding or any
other written demand for relief in connection with or arising from an Indemnification Event. 
 “Company Action” means a
Proceeding in which a Claim has been brought by or in the name of the Company to procure a judgment in its favor. 
 “Covered
Entity” means (i) the Company; (ii) any subsidiary or affiliate of the Company; or (iii) any other Person for which Indemnitee is, was or may be deemed to be serving at the request of the Company, or at the request of any
subsidiary or affiliate of the Company, as a shareholder, member, partner, director, officer, employee, controlling person, agent or fiduciary. 
 “Disinterested Director” means, with respect to any determination contemplated by this Agreement, any Person who, as of the time of such determination, is a member of the Company’s board of directors but is not a party
to any Proceeding then pending with respect to any Indemnification Event. 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended, or any similar federal statute then in effect. 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended, or any similar federal statute then in effect. 
 “Excluded Claim” means any payment or
advance made by the Company to or on behalf of Indemnitee for Losses or Expenses in connection with any Claim: (i) based upon or attributable to Indemnitee gaining in fact any personal profit or advantage to which Indemnitee is not entitled;
(ii) for the return by Indemnitee of any remuneration paid to Indemnitee without the previous approval of the stockholders of the Company, as the case may be, which is illegal; (iii) for an accounting of profits in fact made from the
purchase or sale by Indemnitee of securities of the Company within the meaning of Section 16 of the Exchange Act or similar provisions of any state law; (iv) resulting from Indemnitee’s knowingly fraudulent, dishonest or willful
misconduct; or (v) the payment of which by the Company under this Agreement is not permitted by applicable law. 
 “Expenses” means any and all direct and indirect fees, costs, retainers, court costs, transcript costs, expert fees, witness fees, travel expenses, duplicating costs, printing costs, binding costs, telephone charges,
postage and delivery service fees, and all other disbursements or expenses of any type or nature whatsoever reasonably incurred by Indemnitee (including, subject to the limitations set forth in Section 3(c) below, reasonable
attorneys’ fees) in connection with or arising from an Indemnification Event, including, without limitation: (i) the investigation or defense of a Claim; (ii) being, or preparing to be, a witness or otherwise participating, or
preparing to participate, in any Proceeding; (iii) furnishing, or preparing to furnish, documents in response to a subpoena or otherwise in connection with any Proceeding; (iv) any appeal of any judgment, outcome or determination in any
Proceeding (including, without limitation, any premium, security for and other costs relating to any cost bond, supersedeas bond or any other appeal bond or its equivalent); (v) establishing or 

  

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enforcing any right to indemnification under this Agreement (including, without limitation, pursuant to Section 2(c) below), Delaware law or
otherwise, regardless of whether Indemnitee is ultimately successful in such action, unless as a part of such action, a court of competent jurisdiction over such action determines that each of the material assertions made by Indemnitee as a basis
for such action was not made in good faith or was frivolous; (vi) Indemnitee’s defense of any Proceeding instituted by or in the name of the Company under this Agreement to enforce or interpret any of the terms of this Agreement
(including, without limitation, costs and expenses incurred with respect to Indemnitee’s counterclaims and cross-claims made in such action); and (vii) any federal, state, local or foreign taxes imposed on Indemnitee as a result of the
actual or deemed receipt of any payments under this Agreement, including all interest, assessments and other charges paid or payable with respect to such payments. For purposes of clarification, Expenses shall not include Losses. 
 “Former Director or Officer” means, with respect to a determination contemplated by this Agreement made following a Change in Control, a
Person who was a member of the Company’s board of directors or an executive officer of the Company immediately prior to such Change in Control but who is no longer serving on the Company’s board of directors or as an officer of the Company
as of the time of such determination. 
 An “Indemnification Event” shall be deemed to have occurred if Indemnitee
was, is or becomes, or is threatened to be made, a party to or witness or other participant in, or was, is or becomes obligated to furnish or furnishes documents in response to a subpoena or otherwise in connection with, any Proceeding by reason of
the fact that Indemnitee is, was or may be deemed a shareholder, member, partner, director, officer, employee, controlling person, agent or fiduciary of any Covered Entity, or by reason of any action or inaction on the part of Indemnitee while
serving in any such capacity (including, without limitation, rendering any written statement that is a Required Statement or is made to another officer or employee of the Covered Entity to support a Required Statement). 
 “Independent Legal Counsel” means an attorney or firm of attorneys designated by the Disinterested Directors (or, if there are no
Disinterested Directors, the Company’s board of directors) that (a) is experienced in matters of corporate law and neither presently is, nor in the thirty-six (36) months prior to such designation has been, retained to represent
(i) the Company or Indemnitee in any matter material to either such party; or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder; and (b) in the event Former Directors or Officers are seeking
indemnification hereunder following a Change in Control, is reasonably acceptable to a majority of such Former Directors or Officers. 
 “Losses” means any and all losses, claims, damages, liabilities, judgments, fines, penalties, excise taxes, settlement payments, awards and amounts of any type whatsoever incurred by Indemnitee in connection with or arising
from an Indemnification Event. For purposes of clarification, Losses shall not include Expenses. 
 “Organizational
Documents” means any and all organizational documents, charters or similar agreements or governing documents, including, without limitation, (i) with respect to a corporation, its certificate of incorporation and by-laws;
(ii) with respect to a limited liability company, its certificate of formation and operating agreement; and (iii) with respect to a limited partnership, its certificate of partnership and partnership agreement. 
 “Proceeding” means any threatened, pending or completed claim, action, suit, proceeding, arbitration, alternative dispute resolution
mechanism, investigation, inquiry, administrative hearing or appeal, whether brought in the right of a Covered Entity or otherwise and whether of a civil (including intentional or unintentional tort claims), criminal, administrative or investigative
nature. 
 “Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint
stock company, a trust, a joint venture, an unincorporated organization, an employee benefit plan, any other enterprise or any government, agency or political subdivision thereof. 
  

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 “Required Statement” means a written statement of a Person that is required to be, and
is, filed with the SEC regarding (i) the design, adequacy or evaluation of a Covered Entity’s internal control over financial reporting or disclosure controls and procedures; or (ii) the accuracy, sufficiency or completeness of
reports or statements filed by a Covered Entity with the SEC pursuant to federal law and/or administrative regulations, including, without limitation, the certifications contemplated by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002, as
amended, or any rule or regulation promulgated pursuant thereto. 
 “Reviewing Party” means, with respect to any
determination contemplated by this Agreement, any one of the following: (i) a majority of all Disinterested Directors, even if such Disinterested Directors do not constitute a quorum of the Company’s board of directors; (ii) a
committee of Disinterested Directors, even if such committee members do not constitute a quorum of the Company’s board of directors, so long as such committee was designated by a majority of all Disinterested Directors; (iii) if there are
no Disinterested Directors, or if the Disinterested Directors so direct, Independent Legal Counsel, in which case the applicable determination shall be provided in a written opinion to the Company’s board of directors, with a copy provided to
the Indemnitee; (iv) the Company’s stockholders, if there are no Disinterested Directors and if the Indemnitee provides written consent to the stockholders making the applicable determination; or (v) if Indemnitee is not a director or
executive officer of the Company at the time of such determination, the Company’s board of directors. 
 “SEC” means
the Securities and Exchange Commission. 
 “Securities Act” means the Securities Act of 1933, as amended, or any similar
federal statute then in effect. 
 “Subsidiary” means any corporation or other entity of which a majority of the total
voting power of the shares of capital stock or other ownership interests having ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions is at the time owned directly or indirectly by the
Company. 
 2. Indemnification. 
 (a) Indemnification of Losses and Expenses. If an Indemnification Event has occurred, then, subject to Section 9 and the other provisions of this Agreement below, the Company shall indemnify and
hold harmless Indemnitee, to the fullest extent permitted by law, against any and all Losses and Expenses, of such Claim, whether or not such Claim proceeds to judgment or is settled or otherwise is brought to final disposition, subject in each
case, to the further provisions of this Agreement. The termination of any Proceeding by judgment, court order, settlement or conviction, or on plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee
(i) did not act in good faith and in a manner which Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company; (ii) with respect to any criminal Proceeding, had reasonable cause to believe that
Indemnitee’s conduct was unlawful; or (iii) that a court has determined that indemnification is not permitted by applicable law. 
 (b) Limitation with Respect to Company Actions. Notwithstanding the foregoing, the Company shall not indemnify and hold harmless Indemnitee with respect to any Losses (as opposed to Expenses): (i) which have been determined by a
Reviewing Party or by a final nonappealable determination of a court of competent jurisdiction, as provided herein, to constitute an Excluded Claim; (ii) to the extent Indemnitee is indemnified by the Company and has actually received payment
pursuant to the Company’s Amended and Restated Certificate of Incorporation, insurance or otherwise; or (iii) other than pursuant to the last sentence of Section 4(d), in connection with any Claim initiated by Indemnitee, unless the
Company has joined in or the board of directors of the Company has authorized such Claim. Furthermore, the Company shall not indemnify and hold harmless Indemnitee with respect to any Expenses in connection with or arising from any Company Action as
to which the Indemnitee shall have been finally adjudged to be liable to the Company by a court of competent jurisdiction due to Indemnitee’s willful misconduct of a culpable nature in the performance of Indemnitee’s duties to the Company,
unless, and only then to the extent that, any court in which such Company Action was brought shall 

  

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determine upon application, that despite the adjudication of liability, but in view of all the circumstances of the case, Indemnitee is fairly and reasonably
entitled to such Expenses for such indemnification as such court shall deem proper. 
 (c) Advancement of Expenses. To the extent
permitted by applicable law and until a determination that Indemnitee is not entitled to be indemnified by the Company under the terms hereof, the Company shall advance Expenses to or on behalf of Indemnitee as soon as practicable, but in any event
not later than thirty (30) days after written request therefor by Indemnitee, which request shall be accompanied by vouchers, invoices or similar evidence documenting in reasonable detail the Expenses incurred or to be incurred by Indemnitee.
The Indemnitee hereby undertakes to repay such amounts advanced if, and only to the extent that, it shall ultimately be determined by a Reviewing Party or a court of competent jurisdiction in a decision from which there is no further right to appeal
that Indemnitee is not entitled to be indemnified by the Company for such Expenses under this Agreement because the Claim is an Excluded Claim or because Indemnitee is otherwise not entitled to payment under this Agreement. 
 (d) Contribution. If, and to the extent, the indemnification of Indemnitee provided for in Section 2(a) above for any reason is held
by a court of competent jurisdiction not to be permissible for liabilities arising under federal securities laws or ERISA, then the Company, in lieu of indemnifying Indemnitee under this Agreement, shall contribute to the amount paid or payable by
Indemnitee as a result of such Losses or Expenses (i) in such proportion as is appropriate to reflect the relative benefits received by the Covered Entities and all officers, directors or employees of the Covered Entities other than Indemnitee
who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand; or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such
proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Covered Entities and all officers, directors or employees of the Covered Entities other than Indemnitee
who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and the Indemnitee, on the other hand, in connection with the action or inaction that resulted in such Losses or Expenses, as well as any other
relevant equitable considerations. The relative fault of the Covered Entities and all officers, directors or employees of the Covered Entities other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such Proceeding),
on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is
primary or secondary, and the degree to which their conduct is active or passive. Notwithstanding the foregoing, no Person found guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any person who was not found guilty of such fraudulent misrepresentation. 
  
 3. Indemnification Procedures. 
 (a) Notice of Indemnification Event. Indemnitee shall give the Company notice as soon as practicable of any Indemnification Event of which Indemnitee becomes aware and of any request for indemnification
hereunder, provided that any failure to so notify the Company shall not relieve the Company of any of its obligations under this Agreement, except if, and then only to the extent that, such failure increases the liability of the Company under this
Agreement. 
 (b) Notice to Insurers. If, at the time the Company receives notice of an Indemnification Event pursuant to
Section 3(a) above, the Company has liability insurance in effect which may cover such Indemnification Event, the Company shall give prompt written notice of such Indemnification Event to the insurers in accordance with the procedures
set forth in each of the applicable policies of insurance. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Indemnification Event in
accordance with the terms of such policies; provided, however, that nothing in this Section 3(b) shall affect the Company’s obligations under this Agreement or the Company’s obligations to comply with the
provisions of this Agreement in a timely manner as provided. 
  

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 (c) Selection of Counsel. If the Company shall be obligated hereunder to pay or advance Expenses
or indemnify Indemnitee with respect to any Losses, the Company shall be entitled to assume the defense of any related Claims, with counsel selected by the Company; provided that following a Change in Control, if any Former Directors or Officers are
seeking indemnification in connection with any such Proceeding, such counsel shall be subject to the prior written approval of a majority of such Former Directors or Officers who are seeking indemnification, which approval shall not be unreasonably
withheld, conditioned or delayed. After the retention of such counsel by the Company and the receipt of any approval required under the preceding sentence, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel
subsequently incurred by Indemnitee with respect to the defense of such Claims; provided, however, that: (i) Indemnitee shall have the right to employ counsel in connection with any such Claim at Indemnitee’s expense; and
(ii) if (A) the employment of counsel by Indemnitee has been previously authorized by the Company with respect to the period after the Company has retained counsel to defend such Claim and such authorization has not been withdrawn;
(B) counsel for Indemnitee shall have provided the Company with a written opinion that there is or there is reasonably likely to be a conflict of interest between the Company and Indemnitee in the conduct of any such defense; or (C) the
Company shall not continue to retain such counsel to defend such Claim, then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. 
 4. Determination of Right to Indemnification. 
 (a) Successful Proceeding.
To the extent Indemnitee has been successful, on the merits or otherwise, in defense of any Proceeding referred to in Section 2(a) or 2(b), the Company shall indemnify Indemnitee against Losses and Expenses incurred by Indemnitee
in connection therewith. If Indemnitee is not wholly successful in such Proceeding, but is successful, on the merits or otherwise, as to one or more but less than all Claims in such Proceeding, the Company shall indemnify Indemnitee against all
Losses and Expenses actually or reasonably incurred by Indemnitee in connection with each successfully resolved Claim. 
 (b) Other
Proceedings. In the event that Section 4(a) is inapplicable, the Company shall nevertheless indemnify Indemnitee, unless and to the extent a Reviewing Party chosen pursuant to Section 4(c) determines that Indemnitee has
not met the applicable standard of conduct set forth in Section 2(a) or 2(b), as applicable, as a condition to such indemnification. 
 (c) Reviewing Party Determination. If, and to the extent, any applicable law requires the determination that Indemnitee has met the applicable standard of conduct set forth in Section 2(a) or
2(b), as applicable, as a condition to any such indemnification, a Reviewing Party chosen by the Company’s board of directors (which Reviewing Party shall be an Independent Legal Counsel in the event Former Directors or Officers are
seeking indemnification hereunder following a Change in Control) shall make such determination in writing, subject to the following: 
 (i) A Reviewing Party so chosen shall act in the utmost good faith to assure Indemnitee a complete opportunity to present to such Reviewing Party Indemnitee’s evidence that Indemnitee has met the applicable standard of conduct.

 (ii) Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of
account of a Covered Entity, including, without limitation, its financial statements, or on information supplied to Indemnitee by the officers or employees of a Covered Entity in the course of their duties, or on the advice of legal counsel for a
Covered Entity or on information or records given, or reports made, to a Covered Entity by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by a Covered Entity, except and to the extent that
(A) Indemnitee knew or had reason to know that such records or books of account of a Covered Entity, information supplied by the officers or employees of a Covered Entity, advice of legal counsel or information or records given or reports made
by an independent certified public accountant or by an appraiser or other expert were materially false or materially inaccurate; or (B) Indemnitee has not satisfied his or her duty of loyalty to the Covered Entity. In addition, the knowledge
and/or actions, or failure to act, of any director, officer, agent or employee of a 

  

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Covered Entity shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. Whether or not the foregoing
provisions of this Section 4(c)(ii) are satisfied, it shall in any event be presumed that Indemnitee has at all times acted in good faith and in a manner Indemnitee reasonably believed to be in, or not opposed to, the best interests of
the Company. Any Person seeking to overcome this presumption shall have the burden of proof and the burden of persuasion, by a preponderance of the evidence. 
 (iii) If a Reviewing Party chosen pursuant to this Section 4(c) shall not have made a determination whether Indemnitee is
entitled to indemnification within thirty (30) days after being chosen as the Reviewing Party, the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such
indemnification, absent (A) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification; or
(B) a prohibition of such indemnification under applicable law; provided, however, that such thirty (30) day period may be extended for a reasonable time, not to exceed an additional fifteen (15) days, if the Reviewing
Party in good faith requires such additional time for obtaining or evaluating documentation and/or information relating thereto; provided, further, that the foregoing provisions of this Section 4(c)(iii) shall not apply if
(1) the determination of entitlement to indemnification is to be made by the stockholders of the Company; (2) a special meeting of stockholders is called by the board of directors of the Company for such purpose within thirty
(30) days after the stockholders are chosen as the Reviewing Party; (3) such meeting is held for such purpose within sixty (60) days after having been so called; and (4) such determination is made thereat. 
 (d) Appeal to Court. Notwithstanding a determination by a Reviewing Party chosen pursuant to Section 4(c) that Indemnitee is not
entitled to indemnification with respect to a specific Claim or Proceeding (an “Adverse Determination”), Indemnitee shall have the right to apply to the court in which that Claim or Proceeding is or was pending or any other court of
competent jurisdiction for the purpose of enforcing Indemnitee’s right to indemnification pursuant to this Agreement; provided, however, that Indemnitee shall commence any such Proceeding seeking to enforce Indemnitee’s right
to indemnification within one (1) year following the date upon which Indemnitee is notified in writing by the Company of the Adverse Determination. In the event of any dispute between the parties concerning their respective rights and
obligations hereunder, the Company shall have the burden of proving that the Company is not obligated to make the payment or advance claimed by Indemnitee. 
 (e) Presumption of Success. The Company acknowledges that a settlement or other disposition short of final judgment shall be deemed a successful resolution for purposes of Section 4(a) if it permits
a party to avoid expense, delay, distraction, disruption or uncertainty. In the event that any Proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation,
settlement of such Proceeding with or without payment of money or other consideration), it shall be presumed that Indemnitee has been successful on the merits or otherwise in such Proceeding, unless there has been a finding (either adjudicated or
pursuant to Section 4(c) above) that Indemnitee (i) did not act in good faith; (ii) did not act in a manner reasonably believed to be in, or not opposed to, the best interests of the Company; or (iii) with respect to any
criminal proceeding, had reasonable grounds to believe his or her conduct was unlawful. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion, by a preponderance of the evidence. 
 5. Additional Indemnification Rights; Non-Exclusivity. 
 (a) Scope. The Company hereby agrees to indemnify Indemnitee to the fullest extent permitted by law, even if such indemnification is not
specifically authorized by the other provisions of this Agreement or any other agreement, the Organizational Documents of any Covered Entity or by applicable law. In the event of any change after the date of this Agreement in any applicable law,
statute or rule, that expands the right of a Delaware corporation to indemnify a member of its board of directors or an officer, employee, controlling person, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by
this Agreement the greater benefits 

  

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afforded by such change. In the event of any change in any applicable law, statute or rule that narrows the right of a Delaware corporation to indemnify a
member of its board of directors or an officer, employee, controlling person, agent or fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement
or the parties rights and obligations hereunder except as set forth in Section 9(a) hereof. 
 (b) Non-Exclusivity.
The rights to indemnification, contribution and advancement of Expenses provided in this Agreement shall not be deemed exclusive of, but shall be in addition to, any other rights to which Indemnitee may at any time be entitled under the
Organizational Documents of any Covered Entity, any other agreement, any vote of stockholders or Disinterested Directors, the laws of the State of Delaware or otherwise. Furthermore, no right or remedy herein conferred is intended to be exclusive of
any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion of any right or
remedy hereunder or otherwise shall not prevent the concurrent assertion of any other right or remedy. The rights to indemnification, contribution and advancement of Expenses provided in this Agreement shall continue as to Indemnitee for any action
Indemnitee took or did not take while serving in an indemnified capacity even though Indemnitee may have ceased to serve in such capacity. 
 6. No Duplication of Payments. Notwithstanding anything to the contrary herein, the Company shall not be liable under this Agreement to make any payment of any amount otherwise indemnifiable hereunder, or for which
advancement is provided hereunder, if and to the extent Indemnitee has otherwise actually received such payment, whether pursuant to any insurance policy, the Organizational Documents of any Covered Entity or otherwise. 
 7. Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that, in certain instances, federal law or public policy may
override applicable state law and prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. For example, the Company and Indemnitee acknowledge that the SEC has taken the position that indemnification is
not permissible for liabilities arising under certain federal securities laws, and federal legislation prohibits indemnification for certain ERISA violations. Indemnitee understands and acknowledges that the Company has undertaken, or may be
required in the future to undertake, with the SEC to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s right under public policy to indemnify Indemnitee, and any right to
indemnification hereunder shall be subject to, and conditioned upon, any such required court determination. 
 8. Liability
Insurance. The Company shall use its reasonable efforts to obtain and maintain in full force and effect liability insurance applicable to directors and officers in reasonable amounts from established and reputable insurers (subject to
appropriate cost considerations), as determined in good faith by the Company’s board of directors. To the extent the Company maintains liability insurance applicable to directors, officers, employees, controlling persons, agents or fiduciaries
of any Covered Entity, Indemnitee shall be covered by such policy or policies in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Covered Entity’s directors, if Indemnitee
is a director of such Covered Entity, or of the Covered Entity’s officers, if Indemnitee is not a director of such Covered Entity but is an officer of such Covered Entity, or of the Covered Entity’s key employees, controlling persons,
agents or fiduciaries, if Indemnitee is not an officer or director but is a key employee, controlling person, agent or fiduciary of such Covered Entity, as the case may be. The Company shall advise Indemnitee as to the general terms of, and the
amounts of coverage provided by, any liability insurance policy described in this Section 8 and shall promptly notify Indemnitee if, at any time, any such insurance policy will no longer be maintained, the amount of coverage under any
such insurance policy will be decreased or the terms of any such insurance policy will materially change. 
  

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 9. Exceptions. Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee: 
 (a) against any Losses or Expenses, or to
advance Expenses to Indemnitee, with respect to Claims initiated or brought voluntarily by Indemnitee, and not by way of defense (including, without limitation, affirmative defenses and counter-claims), except (i) Claims to establish or enforce
a right to indemnification, contribution or advancement with respect to an Indemnification Event, whether under this Agreement, any other agreement or insurance policy, the Company’s Organizational Documents of any Covered Entity, the laws of
the State of Delaware or otherwise; or (ii) if the Company’s board of directors has approved specifically the initiation or bringing of such Claim; 
 (b) against any Losses or Expenses, or to advance Expenses to Indemnitee, with respect to Claims arising (i) with respect to an accounting of profits made from the purchase and sale (or sale and purchase) by
Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange Act; or (ii) pursuant to Section 304 or 306 of the Sarbanes-Oxley Act of 2002, as amended, or any rule or regulation promulgated pursuant
thereto; 
 (c) if, and to the extent, that a court of competent jurisdiction enters a judgment that such indemnification is not lawful,
except to the extent such judgment is later reversed on appeal; 
 (d) for any amounts paid in settlement of any Claim effected without the
Company’s prior written consent. The Company shall not settle any Claim in which it takes the position that Indemnitee is not entitled to indemnification in connection with such settlement without the prior written consent of the Indemnitee,
nor shall the Company settle any Claim in any manner which would impose any fine or obligation on Indemnitee that is not indemnified by the Company hereunder, without Indemnitee’s prior written consent; or 
 (e) if, and to the extent, that the amounts paid in settlement of any Claim were pursuant to a settlement approved by a court of competent jurisdiction
and indemnification would be inconsistent with any condition with respect to indemnification expressly imposed by the court in approving the settlement. 
 10. Miscellaneous. 
 (a) Counterparts. This Agreement may be
executed in one or more counterparts, each of which shall constitute an original. 
 (b) Binding Effect; Successors and Assigns.
This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns (including with respect to the Company, any direct or indirect successor, by purchase, merger,
consolidation or otherwise, to all or substantially all of the business and/or assets of the Company) and with respect to Indemnitee, his or her spouse, heirs, and personal and legal representatives. The Company shall require and cause any successor
or assign (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, to assume and agree to perform this Agreement in the same manner
and to the same extent that the Company would be required to perform if no such succession or assignment had taken place. This Agreement shall continue in effect with respect to Claims relating to Indemnification Events regardless of whether
Indemnitee continues to serve as a director, officer, employee, controlling person, agent or fiduciary of any Covered Entity. 
 (c)
Notice. All notices and other communications required or permitted hereunder shall be in writing, shall be effective when given, and shall in any event be deemed to be given (a) five (5) days after deposit with the U.S. Postal
Service or other applicable postal service, if delivered by first class mail, postage prepaid; (b) upon delivery, if delivered by hand; (c) one (1) business day after the business day of deposit with Federal Express or similar,
nationally recognized overnight courier, freight prepaid; or (d) one (1) business day after the business 

  

 9 

 
day of delivery by confirmed facsimile transmission, if deliverable by facsimile transmission, with copy by other means permitted hereunder, and addressed,
if to Indemnitee, to the Indemnitee’s address or facsimile number (as applicable) as set forth beneath the Indemnitee’s signature to this Agreement, or, if to the Company, at the address or facsimile number (as applicable) of its principal
corporate offices (attention: Secretary), or at such other address or facsimile number (as applicable) as such party may designate to the other parties hereto. 
 (d) Enforceability. This Agreement is a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms. 
 (e) Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction and venue of the courts of the State
of Delaware for all purposes in connection with any Proceeding which arises out of or relates to this Agreement and agree that any Proceeding instituted under this Agreement shall be commenced, prosecuted and continued only in the courts of the
State of Delaware. 
 (f) Severability. The provisions of this Agreement shall be severable in the event that any of the provisions
hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent
permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable that is not
itself invalid, void or unenforceable) shall be construed so as to give effect to the purposes manifested by the provision held invalid, illegal or unenforceable. 
 (g) Choice of Law. This Agreement shall be governed by and its provisions shall be construed and enforced in accordance with, the laws of the State of Delaware, without regard to the conflict of laws principles
thereof. 
 (h) Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such
payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 (i) Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless
it is in a writing signed by the parties to be bound thereby. Notice of the same shall be provided to all parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions
hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. 
 (j) No Construction as Employment Agreement.
Nothing contained in this Agreement shall be construed as giving Indemnitee any right to be retained or to continue in the employ or service of any Covered Entity. 
 (Signature page to follow) 
  

 10 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first
above written. 
  

			
	COMPANY:
	
	 IPC THE HOSPITALIST COMPANY, INC.
 a
Delaware corporation

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	INDEMNITEE:
		
	 	 	 
	 [
	 	]
		
	 Fax:
	 	 
	 Address:
	 	 
		 	 

 (Signature page to Indemnification Agreement) 
  

 11Employment Agreement between Adam D. Singer, M.D. and IPC

 Exhibit 10.11 
 Execution Copy 
 IPC The Hospitalist Company  
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”), dated effective as of January 11, 2008 (the “Effective Date”), by and between IPC The Hospitalist
Company, a Delaware corporation (the “Company”), and ADAM SINGER, M.D. (“Employee”) amends, restates and supersedes that certain Employment Agreement, dated as of June 1, 2005, between In-Patient
Consultants Management, Inc, which is the former name of the Company, and the Employee (the “Prior Agreement”). 
 BACKGROUND INFORMATION 
 A. The Company desires to encourage the continuity of its management and secure for its benefit the
skills of individuals who provide unique value to its operations; 
 B. The Company recognizes that Employee possesses certain skills and
expertise that give him significant value to the Company, the loss of which cannot be reasonably or adequately replaced; 
 C. The Company
desires to retain these skills for the benefit of the Company and to provide Employee with compensation commensurate with such skills; and 
 D. Employee and the Company desire to enter amend, restate and supersede the Prior Agreement on the terms and conditions contained herein. 
 STATEMENT OF AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 ARTICLE I 
 BASIC EMPLOYMENT 
 1.1 Employment. The Company agrees to employ Employee, and Employee hereby agrees to be employed by the Company, to perform the duties described below for the compensation and duration specified in this
Agreement, as it may be amended from time to time, subject to and upon all the terms and conditions set forth herein. 
 1.2
Term. The term of employment under this Agreement shall commence as of the Effective Date, and continue in full force and effect after the Effective Date for a period of three (3) years (the “Term”);
provided, however, that the Term shall automatically be extended for successive one (1) year periods unless either party provides the other with at least thirty (30) days advance written notice of its intention not to extend the Term. Each
twelve (12) month period during the Term or any extension shall be referred to herein as a “Contract Year.” 

 
Notwithstanding anything to the contrary contained herein, the Term will terminate upon termination of Employee's employment by the Company or by Employee
pursuant to Article III below. Upon the Effective Date, all previously existing employment agreements or arrangements, including the Prior Agreement, between Employee and the Company (other than this Agreement) shall terminate automatically and be
of no further force or effect. 
 1.3 Duties and Powers. 
 1.3.1 Service with the Company. During the Term, Employee shall (i) serve as the Company’s Chief Executive Officer
and Chief Medical Officer and shall report directly to the Board of Directors of the Company (the “Board”), (ii) have such responsibilities, duties and authorities, and render such services for the Company, that Employee has or
renders for the Company as of the Effective Date, and (iii) have such other responsibilities, duties and authorities, and render such other services for the Company, that are consistent with Employee’s position as Chief Executive Officer
and Chief Medical Officer, as the Board may from time to time reasonably direct. 
 1.3.2 Service with Subsidiaries and
other Affiliates. During the Term, Employee shall (i) have such responsibilities, duties and authorities, and render such services for the Company’s subsidiaries and other affiliates that (x) Employee renders for such
subsidiaries and other affiliates as of the Effective Date and (y) that are consistent with Employee’s position as Chief Executive Officer and Chief Medical Officer of the Company, as the Board may from time to time reasonably direct; and
(ii) at the reasonable request of the Board, serve as the President and Chief Executive Officer and director of each subsidiary or other affiliate of the Company; provided that Employee shall not be entitled to any additional
compensation for serving as an officer or director of the Company’s subsidiaries and other affiliates. 
 1.3.3
Performance of Duties. Employee will devote his best efforts, energies and abilities and his full business time, skill and attention (except for permitted vacation periods and reasonable periods of illness) to the business and affairs
of the Company, its subsidiaries and other affiliates and shall perform the duties and carry out the responsibilities assigned to him, to the best of his ability and in a diligent, trustworthy, businesslike and efficient manner. Employee
acknowledges that his duties and responsibilities will require his full-time business efforts and agrees that during the Term he will not engage in any other business activity or have any business pursuits or interests, except activities or
interests which do not conflict with the business of the Company, its subsidiaries and other affiliates and do not interfere with the performance of Employee’s duties hereunder; provided that Employee shall be permitted to
(i) continue to serve on civic and charitable boards and committees (provided that in January of each year hereunder, Employee furnishes the Board with a list of the civic and charitable boards and committees on which Employee is then serving),
and (ii) manage his personal investments and affairs, in each case so long as the activities referred to in clauses (i) and (ii) above otherwise comply with the terms and conditions of this Agreement, including the provisions of this
Section 1.3.3; provided further that, other than the positions and entities listed in clause (i)(y) above, Employee shall not, without the prior written consent of the Board, be permitted to serve on any for profit entity’s board of
directors or committee or hold any similar position with respect to any such entity. 
  

 2 

 1.4 Compensation. During the Term, the Company agrees to pay to Employee an initial base
salary at the rate of $406,000.00 per annum, commencing on the date hereof (the “Base Salary”), pro rated for 2007 from the Effective Date. The Base Salary shall be payable in arrears in substantially equal payments at such frequency as is
the custom and practice of the Company and on at least a monthly basis. During the Term, the Base Salary shall be subject to annual review by the compensation committee of the Board (the “Committee”), and the Base Salary may be
increased by the Committee in its sole discretion, but the Base Salary (including any previously approved increase) may not be decreased as long as Employee remains a full-time employee of the Company. 
 1.5 Bonus Compensation. During the Term, in addition to the Base Salary, Employee shall be eligible to receive an annual performance-based
cash bonus (“Annual Bonus”) during each Contract Year with respect to each fiscal year of the Company (subject to Section 4.1). The Annual Bonus shall be based upon quantitative and qualitative performance targets as
established by the Committee in it sole discretion in accordance with the Company’s annual bonus plan; provided, that Employee’s Annual Bonus payable for achievement of the target level of performance designated by the Committee
shall be not less than fifty percent (50%) of Base Salary as in effect at the time the Committee establishes the Annual Bonus (the Annual Bonus for the 2007 Contract Year in effect at the Effective Date is deemed to meet this requirement). The
Committee may, in its discretion, specify amounts of Annual Bonus payable above or below the designated target amount for achievement of performance at specified levels above or below the designated target level of performance. The Annual Bonus
shall be payable to Employee at the same time bonuses are paid to other executive officers in accordance with the Company’s annual bonus plan, but in no event later than March 15 of the calendar year following the calendar year in which
the Annual Bonus is not subject to a substantial risk of forfeiture within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”). 
 1.6 Working Conditions; Benefits. 
 1.6.1 Vacation. Employee shall be entitled to twenty (20) business days of paid vacation per calendar year, prorated for 2007. Any unused vacation days shall accrue from year to year up to a maximum
of thirty-five (35) days accrued at any one time. Employee shall be paid in cash, calculated on the basis of the per diem Base Salary, for all vacation days not used at the end of a calendar year, up to a maximum of ten (10) days;
provided that such cash payment shall be made no later than March 15 of the calendar year following the calendar year in which such vacation days have been earned but unused. 
 1.6.2 Insurance and Other Benefits. During the Term, Employee shall be eligible to participate in and, if eligible,
to receive employee and dependent group medical, dental, disability, life insurance, 401(k) and such other benefits made available by the Company in accordance with the Company’s policies and procedures established from time to time, or, if
there is no policy or procedure in place at any applicable time, then on the same basis as other senior management of the Company. 
 1.6.3 Equity Compensation. During the Term, Employee shall be eligible to receive, at the discretion of the Committee, grants of stock options and/or other equity under the 

  

 3 

 
Company’s 2007 Incentive Compensation Plan or any such other incentive compensation plan that may be maintained by the Company from time to time. Prior
to the time of an initial public offering of the shares of common stock of the Company (an “IPO”), the common stock of the Company issued in connection with any such equity award shall be subject to certain restrictions and
repurchase rights and obligations during the restricted period applicable to such shares as set forth in the Shareholders Agreement between the Company and Employee, inter alia. 
 1.6.4 Expenses. During the Term, Employee shall be entitled to reimbursement for all approved reasonable travel and other
business expenses incurred by Employee in connection with his services to the Company pursuant to the terms of this Agreement. All business expenses for which Employee seeks reimbursement from the Company shall be adequately documented by Employee
in accordance with the Company’s procedures covering expense reimbursement and in compliance with the regulations of the Internal Revenue Service. 
 1.6.5 Facilities. During the Term, the Company shall provide Employee with a private office, computer, secretarial support, telephone, cellular telephone and service, facsimile, reprographic and other
support services and facilities commensurate with Employee’s position. 
 ARTICLE II 
 PROPRIETARY AND CONFIDENTIAL INFORMATION 
 2.1 The Company’s Proprietary, Confidential and Trade Secret Information. Employee may have access to or otherwise obtain knowledge of confidential information of the Company and/or its affiliates (whether such
affiliation is through a management agreement between the Company and/or another entity or otherwise) (“Affiliates”), including, without limitation, the Company’s and Affiliates’ selling and servicing methods and business
techniques, software programs, policies and procedures, business records, training, service and business manuals, promotional materials, training courses and other training and instructional materials, vendor and product information, customer and
prospective customer lists, other customer and prospective customer information, information concerning the Company's and Affiliates’ current or any future or proposed work, services, or products, the facts that any such work, services, or
products are planned, under consideration, or in production, as well as any descriptions thereof, and other business information (“Confidential Information”). Confidential Information shall not include information that Employee can
demonstrate: (i) was publicly available at the time of disclosure, or later became publicly available through no act or omission of the Employee; (ii) was rightfully in Employee’s possession prior to Employee’s date of employment
by the Company; or (iii) was rightfully received by Employee from a third party without any obligation of confidentiality. 
 Employee acknowledges that
(a) all such Confidential Information, whether reduced to writing, maintained on any form of electronic media, or maintained in the mind or memory of Employee and whether compiled by the Company, its Affiliates and/or Employee, derives
independent economic value from not being readily known to or ascertainable by proper means by others who can obtain economic value from its disclosure or use; (b) reasonable efforts have been made by the Company and its Affiliates to maintain
the secrecy of such information; (c) all Confidential Information and materials have and will be made available to Employee only for the limited purpose of the performance of Employee’s duties as an employee; (d) all Confidential

  

 4 

 
Information of the Company and its Affiliates has been developed or compiled by the Company and its Affiliates through substantial expenditures of time,
effort and money and constitutes valuable and unique property of the Company and its Affiliates; and (e) all Confidential Information and materials are the sole property of the Company or its Affiliates. Any retention and use of such
information by Employee during Employee’s employment with the Company (except in the course of performing Employee’s duties and obligations hereunder) or after the termination of Employee’s employment shall constitute a
misappropriation of the Company’s trade secrets and Confidential Information and unfair competition. 
 The Company’s and its Affiliates’
business is the development and implementation of programs for the management of comprehensive hospital-based care for patients within structural in-patient programs, the provision of hospitalist and associated services throughout the United States
and the development and utilization of automated and electronic work tools and processes for hospital-based healthcare providers. Employee acknowledges and agrees that the development of relationships between the Company or its Affiliates and its
customers and clients entails great expense and difficulty and requires frequent personal contact with such customers and clients, that the development of the Company’s and its Affiliates’ staff and employees entails great difficulty and
expense and extensive training and supervision of such staff and employees, and that but for Employee’s employment by the Company, Employee would have no contact with or knowledge of the identities, addresses and other contact information
pertaining to the Company's or its Affiliates’ customers, clients, staff, or other employees, all of which constitute part of the Company's and its Affiliates’ Confidential Information. 
 Accordingly, and without diminishing in any way the rights and remedies of the Company under any applicable law and regulation, Employee will keep in strict confidence,
and will not, directly or indirectly, at any time during or after Employee’s employment with the Company, disclose, furnish, disseminate, make available or, except in the course of performing Employee’s duties of employment, use any
Confidential Information or other trade secrets or confidential business and technical information of the Company or its Affiliates. 
 Employee expressly
authorizes the Company to notify any person, firm entity, hospital, medical group, medical provider or corporation employing Employee in the future, or evidencing an intent to employ Employee in the future, of the existence and provisions of this
Agreement. 
 Employee acknowledges that Employee’s use of Confidential Information regarding the Company accounts, clients, customers, staff and/or
employees by Employee during or after the Term of Employee's exclusive and non-exclusive employment by the Company or consultation with the Company, except as is necessary in the course and scope of performing Employee’s job duties for the
Company, will materially and adversely affect the Company, and all of its shareholders, economically and otherwise, and constitutes unfair competition. Accordingly, as an additional inducement to the Company to enter into the Agreement with the
Employee, Employee agrees that: 
 2.1.1 Use of Trade Secrets and Confidential Information. During and after the
Term of Employee’s exclusive or non-exclusive employment by the Company or consultation with the Company, except as is necessary in the course and scope of performing 

  

 5 

 
Employee’s job duties for the Company, Employee will not use the Company’s trade secrets or Confidential Information, directly or indirectly, alone
or in concert with any person or entity, for Employee's own account or for, or on behalf of, any other person or entity, to solicit any business from accounts, clients or customers of the Company or its Affiliates who have dealt with the Company or
its Affiliates at any time during the Term. Nothing in this Section 2.1.1 shall be deemed to prohibit Employee from accepting as a patient anyone to whom Employee provided medical services during the Term who affirmatively requests
that Employee continue to provide such medical services. 
 2.1.2 Non-Solicit. During the Term and for a
period of two (2) years following expiration or termination of the Term, regardless of the reason for the termination, Employee will not directly or indirectly solicit or induce or attempt to solicit or induce any officer, director, employee,
sales representative, agent or consultant of the Company or its Affiliates to terminate or adversely alter their employment, representation or other association with the Company or its Affiliates. In addition, at no time after Employee leaves
employment with the Company will Employee seek to obtain or misappropriate any of the Company’s trade secrets or Confidential Information from any current or former Company employee or consultant. 
 2.1.3 Disclosure. In the event that Employee is requested or required in any proceeding to disclose any Confidential
Information, Employee shall: (i) provide the Company with prompt written notice of such request(s) and the documents or information requested so that the Company or its Affiliates may seek an appropriate protective order and/or waive
Employee’s compliance with the provisions of this Article II; and (ii) consult with the Company or its Affiliates as to the advisability of taking legally available steps to resist or narrow such request. It is further agreed that,
if in the absence of a protective order or the receipt of a written waiver from the Company or its Affiliates, the Employee is nonetheless, in the opinion of his legal counsel, compelled to disclose any of the Confidential Information or else stand
liable for contempt or suffer other censure or penalty, Employee agrees to disclose to such tribunal only such Confidential Information as is legally required, which disclosure shall be without liability hereunder; provided, however, that Employee
shall give the Company written notice of the Confidential Information to be so disclosed as far in advance of its disclosure as is practicable and Employee shall request, from the parties to whom the Confidential Information is disclosed, assurance
that confidential treatment will be accorded to such portion of the Confidential Information required to be disclosed as the Company or its Affiliates designates. 
 2.2 Return Of Property. Employee agrees that upon termination of Employee’s employment with the Company, for any reason, Employee shall promptly return to the Company, in good condition, all
property of the Company or its Affiliates, including, without limitation, the originals and all copies of any materials which contain, reflect, summarize, describe, analyze or refer or relate to any Confidential Information. In the event that such
items are not so returned, the Company or its Affiliates will have the right to charge Employee for all reasonable damages, costs, attorneys’ fees and other expenses incurred in taking, removing and/or recovering such property. 
 2.3 Assignment Of Inventions. Employee hereby assigns and agrees to assign to the Company, its Affiliates, successors, assigns or nominees,
all of Employee’s right, title and interest in and to any and all “Inventions,” which include any and all discoveries, developments, 

  

 6 

 
designs, inventions, improvements, processes, techniques, business records, software programs, training, service and business manuals, promotional materials,
training courses and other results and proceeds of Employee’s services, regardless of whether subject to patent, registration, trade mark or copyright protection or protection under similar statutes, made, conceived, suggested, either solely or
jointly with others, by Employee while in the Company’s employ, whether in the course of employment with the use of the Company’s time, material or facilities or that is in any way within or related to the existing or contemplated scope of
the Company’s or its Affiliates’ business or result from the use of property owned, leased or contracted for by the Company. Inventions shall also include anything that derives actual or potential economic value from not being generally
known to the public or to other persons who can obtain economic value from its disclosure or use. Any Inventions directly derivative of the Company’s or its Affiliates’ planned or existing products or services, developed or under
development during Employee’s employment and made, conceived or suggested by Employee, either solely or jointly with others, within one (1) year following termination of Employee’s employment under the Agreement, or any successor
agreement shall be irrebuttably presumed to have been so made, conceived or suggested in the course of such employment with the use of the Company’s time, materials and/or facilities. All work papers, reports, documentation, drawing,
photographs, negatives, tapes and masters therefor, prototypes, other tangible items and materials, and all other results and proceeds of Employee’s services hereunder, made, conceived, or suggested, either solely or jointly with others, by
Employee while in the Company’s employ, whether in the course of employment with the use of the Company’s time, material or facilities or in any way within or related to the existing or contemplated scope of the Company’s or its
Affiliates’ business, including, without limitation, and such results and proceeds directly derivative of the Company’s or its Affiliates’ planned or existing products or services, developed or under development during Employee’s
employment and made, conceived or suggested by Employee, either solely or jointly with others, within one (1) year following termination of Employee’s employment under the Agreement or any successor agreements, and including, without
limitation, any and all such items generated and maintained on any form of electronic media, constitute specially commissioned works made for hire as defined in the United States Copyright Act, which works and the copyrights therein and thereto
shall be the property of the Company or its Affiliates as the author thereof. To the extent that California law applies to this Agreement, this paragraph does not apply to any invention that qualifies fully under the provisions of Section 2870
of the California Labor Code, the text of which is reproduced in Section 2.7, and Employee agrees and acknowledges that Employee will bear the full burden of proving to the Company that an Invention qualifies fully under
Section 2870. 
 Upon request by the Company with respect to any such Inventions, Employee agrees to execute and deliver to the Company, at any time
during or after Employee’s employment, such further documents as the Company may require in connection with the rights, privileges and property granted to the Company or its Affiliates in the preceding paragraph (the “Rights”),
when so requested, at the expense of the Company, but without further or additional, consideration. In the event the Company is unable, after reasonable effort, to secure Employee’s signature on any document(s) required in accordance with the
provisions of this Article II, Employee irrevocably designates the Company or its Affiliates, or their nominee, as Employee's agent or attorney-in-fact to act on Employee's behalf, with the right, but not the obligation, to execute and
deliver all such further documents for the purposes aforesaid. Employee also irrevocably designates the Company or its Affiliates, or their nominee, as Employee’s agent or attorney-in-fact, with the 

  

 7 

 
right but not the obligation, for the sole benefit of the Company or its Affiliates, and at the Company’s or its Affiliates’ expense, to bring,
prosecute, defend and appear in suits, actions, and proceedings of any nature under or concerning all such Rights; and to take such action as the Company or its Affiliates may deem advisable to enforce, protect, and/or defend any of the Rights; and
to litigate, collect and receipt for all damages arising from any infringement of any such Rights. Any such action may be taken by the Company or its Affiliates in the name of Employee or otherwise, and the Company or its Affiliates may join
Employee as a plaintiff or defendant in any such suit, action or proceeding. 
 Employee further acknowledges that the foregoing assignment of rights is made
in consideration of, and is adequately supported by good, valuable and sufficient consideration including but not limited to the agreement of the Company to employ Employee. 
 2.4 Disclosure of Agreement. At any time prior to an IPO of the Company, Employee shall not disclose the terms and conditions of the
Agreement to any third party, except to (x) Employee’s attorneys, accountants and other advisors (after first instructing said person that same constitutes Confidential Information and trade secrets and securing said person’s
irrevocable promise not to disclose same), (y) the extent Employee may be required to do so in connection with customary disclosures in the ordinary course of business, as, for example, in regard to loan applications, by judicial process, or in
connection with governmental filings made in connection with an IPO of the Company. 
 2.5 Remedies. Employee acknowledges and
agrees that the provisions of this Article II are reasonable and necessary to protect the legitimate professional and business interests of the Company and its Affiliates and that any breach or violation hereof would result in irreparable
damage and injury to the Company or its Affiliates with the extent and the amount of the damages and injury being difficult, if not impossible, to ascertain. Employee acknowledges and agrees that such damages and injury cannot be adequately
compensated with monetary damages, and Employee further agrees that the Company or its Affiliates may seek and obtain injunctive relief against the breach or threatened breach of any of the provisions of this Article II and/or specific
enforcement of such provisions in addition to any other legal or equitable remedies which may be available and that are not inconsistent with the Dispute Resolution Procedure in Section 5.1, Employee agrees to waive any requirement for
the securing or posting of any bond in connection with such remedy. Should litigation be instituted to enforce any provision of this Article II, the prevailing party will be entitled to recover all costs incurred in connection with such
action, including without limitation reasonable legal fees, cost of investigation and cost of settlement; provided, however, that in the case of recovery by the Employee, such recovery shall only be allowed for amounts incurred during
the life time of the Employee, the amount of such recovery provided during one calendar year shall not affect the amount of recovery during a subsequent calendar year, such recovery may not be exchanged or substituted for other forms of compensation
to Employee, and any amounts paid with respect to such recovery will be paid no later than the last day of the Employee’s taxable year following the taxable year in which he incurred the expense giving rise to such recovery.  
 2.6 Reasonableness of Obligations. Employee acknowledges and agrees that Employee’s obligations under this Article II are
reasonable in the context of the nature of the 

  

 8 

 
Company’s and its Affiliates’ business and the competitive injuries likely to be sustained by the Company or its Affiliates if Employee were to
violate such obligations. Employee further acknowledges that the Agreement is made in consideration of, among other things, this Article II and is adequately supported by good, valuable and sufficient consideration, including but not limited
to the agreement of the Company to employ Employee. Employee specifically agrees that the provisions of this Article II shall survive the termination or expiration of the Agreement. 
 2.7 California Labor Code Section 2870. 
 2.7.1 Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the
employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either: 
 (a) Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably
anticipated research or development of the employer. 
 (b) Result from any work performed by the employee for the employer.

 2.7.2 To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise
excluded from being required to be assigned under subdivision (A), the provision is against the public policy of California and is unenforceable. 
 ARTICLE III 
 TERMINATION 
 3.1 Termination. The Term and Employee’s employment (a) shall automatically terminate immediately upon Employee’s death, (b) may be terminated at any time by the Board as set forth
herein for Cause (as defined in Section 3.2.2) or without Cause, or by reason of Employee’s Permanent Disability (as defined in Section 3.3.2), upon written notice to Employee, (c) may be terminated at any time by
Employee for Good Reason (as defined in Section 3.5.5) upon written notice to the Company, as set forth below, or (d) may be terminated at any time by Employee without Good Reason in accordance with Section 3.4. In the
event of the Employee’s employment with the Company terminates after the expiration of the Term due to a notice of non-renewal by Employee in accordance with Section 1.2, the Employee shall only be entitled to the Accrued
Obligations payable as described in Section 3.2.1. 
 3.2 Termination by Company for Cause. The Company shall have
the right to terminate Employee’s employment at any time for Cause by giving Employee written notice of the effective date of termination. The determination as to whether Cause exists shall be made in the sole discretion of the Board.

 3.2.1 Obligations Upon Termination for Cause. If the Company terminates Employee’s employment for any of
the reasons set forth in this Section 3.2.2, the Company shall have no further obligation hereunder from and after the effective date of such termination, except 

  

 9 

 
for (x) payment, within thirty (30) days of such termination, of Executive’s Base Salary through the date of termination, (y) payment of
amounts or benefits accrued and vested as of the date of termination under any retirement plan, profit sharing plan, employee benefit plan, incentive compensation plan, deferred compensation plan or life insurance policy maintained by the Company in
accordance with the terms of such plans, and (z) any Annual Bonus earned and payable for the immediately preceding fiscal year to the extent unpaid on the date of such termination, payable at the same as such annual bonuses are paid to other
executives of the Company, but in no event later than March 15 of the calendar year following the year in which such Annual Bonus was no longer subject to a substantial risk of forfeiture (collectively, the “Accrued
Obligations”), and the Company shall have all other rights and remedies available under this Agreement, at law or in equity. 
 3.2.2 Cause Definition. “Cause” shall solely be defined as: 
 (a) fraud, misappropriation, embezzlement or other act of material misconduct against the Company; 
 (b)
substantial, continuing and willful failure to render services in accordance with the terms of this Agreement; 
 (c) knowing
violation of any laws, rules or regulations of any governmental or regulatory body material to the business of the Company; 
 (d) conviction of or a plea of nolo contendere to a felony or a crime including moral turpitude, or a charge or indictment of a felony or of any crime involving moral turpitude the defense of which renders Employee substantially
unable to perform his services hereunder; or 
 (e) failure to maintain Employee’s professional license in the State of
California, or any sanction or formal reprimand of Employee by the California Board of Medical Quality Assurance. 
 3.3 Termination on
Account of Death or Permanent Disability. 
 3.3.1 Separation Benefits. If Employee dies or is
terminated due to Permanent Disability, then following his death or such termination due to Permanent Disability, the Company shall pay or provide to Employee (or, in the case of death, to such person or persons as Employee shall have designated for
that purpose in a notice filed with the Company, or, if no such person shall have been so designated, to his estate) the Accrued Obligations payable as described in Section 3.2.1. In addition, subject to (x) in the case of
termination due to Permanent Disability, Employee’s execution and delivery to the Company of a release in the form as attached hereto as Exhibit A no later than forty-five (45) days following Employee’s termination and
(y) Employee’s non-revocation of such release, the Company shall pay or provide to Employee (or, in the case of death, to such person or persons as Employee shall have designated for that purpose in a notice filed with the Company, or, if
no such person shall have been so designated, to his estate) the following; (a) continuation of Employee’s Base Salary equal to seventy-five percent (75%) of Employee’s Base Salary in effect as of the date of his death or
termination due to Permanent Disability (reduced to the extent that any disability benefit 

  

 10 

 
provided by the Company exceeds 25% of Employee's Base Salary), commencing sixty (60) days following the death of Employee or his termination due to
Permanent Disability and payable in accordance with the Company’s normal payroll practices, subject to Section 3.6; (b) a lump sum cash payment, payable sixty (60) days following the death of Employee or his termination due to
Permanent Disability, subject to Section 3.6, equal to the present value of the cost to the Company for providing life and disability insurance benefits to Employee, based upon the cost immediately preceding his death or termination due to
Permanent Disability, for a period of twelve (12) months; (c) medical and dental benefits to Employee and his covered dependents (to the extent applicable) upon the same terms and conditions as if Employee continued to remain an active
employee of the Company for a period of twelve (12) months following the date of such termination due to death or termination due to Permanent Disability, subject to Employee (or his dependents, in the case of Employee’s death)
timely electing coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA Coverage”) and making any payments required to be made by Employee or his dependents, if applicable; and
(d) the payment of Annual Bonus as specified in Section 4.2. 
 3.3.2 Termination Due to Permanent
Disability. “Permanent Disability” shall mean Employee, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not
less than twelve (12) months, receives income replacement benefits for a period of not less than three (3) months under an accident or health plan covering employees of the Company. Termination due to Permanent Disability shall mean a
termination of Employee's employment by the Company, based upon the Company's determination in good faith that Employee has incurred a Permanent Disability. 
 3.4 Voluntary Termination by Employee Without Good Reason. Employee may terminate his employment by Company at any time without Good Reason upon sixty (60) days’ advance written notice to the
Company; provided, however, in the event of such termination of employment (i) Employee shall continue to be bound by any provisions of this Agreement that expressly survive termination of this Agreement, (ii) the Company
shall have no further obligation hereunder from and after the effective date of such termination, except for payment of the Accrued Obligations payable as described in Section 3.2.1 and the payments described in Section 4.1,
and (iii) the Company shall have all other rights and remedies available under this Agreement, at law or in equity. 
 3.5
Termination by Employee for Good Reason or by Company without Cause.  
 3.5.1 Termination by Employee for
Good Reason. Employee may terminate his employment with the Company for Good Reason upon written notice to the Company, provided, however, that in order for Employee to have a termination of employment for Good Reason due to an
alleged material breach pursuant to Section 3.5.5(d) below, the Company must have failed to remedy such material breach within the thirty (30) day cure period specified in Section 3.5.5 (or, in the case of any breach (or
breaches) which is capable of cure, but not reasonably within such thirty- (30) day period, then the Company must have failed to commence efforts to cure within such thirty- (30) day period and, thereafter, must have failed to continue
diligently in good faith its efforts to cure until such cure is effected). 
  

 11 

 3.5.2 Termination without Cause. The Company may terminate Employee's
employment without Cause upon sixty (60) days’ advance written notice to Employee. 
 3.5.3 Separation
Benefits. In the event that Employee’s employment with the Company is terminated by Employee for Good Reason or by the Company without Cause, the Company shall pay or provide to Employee the Accrued Obligations payable as described
in Section 3.2.1 and the payments described in Section 4.1. In addition, subject to (x) Employee’s execution and delivery to the Company of a release in the form as attached hereto as Exhibit A no later than
forty-five (45) days following the date of such termination and (y) Employee’s non-revocation of such release, the Company shall pay or provide to Employee the following; (a) the Severance Payment, as set forth in
Section 3.5.4; (b) the Welfare Benefits Payment, as set forth in Section 3.5.4(b); (c) medical and dental benefits to Employee and his covered dependents (to the extent applicable) upon the same terms and conditions
as if Employee continued to remain an active employee of the Company (in all events below determined without regard for any diminution of such coverage constituting Good Reason for his resignation hereunder) for the Severance Period. Subsequent to
the Severance Period, Employee will be eligible for COBRA Coverage and making any payments required to be made by Employee; and (d) the payment of Annual Bonus specified in Section 4.2. Further, Employee shall be entitled to
continued participation in certain welfare plans as described in Section 4.2. In addition, Employee shall continue to be bound by any provisions of this Agreement that expressly survive termination of this Agreement. 
 3.5.4 Severance and Welfare Benefits Payment. In the event that Employee is eligible to receive the Severance Payment
pursuant to Section 3.5.3(a) above, Employee shall be entitled to the following: (a) a payment in amount equal to the product of the Base Salary (as in effect immediately before such termination, without taking into account any
diminution in Base Salary constituting Good Reason for his resignation hereunder) multiplied by 1.5 (the “Severance Payment”) and (b) a lump sum cash payment equal to the cost to the Company for providing life and disability
insurance benefits to Employee, based upon the cost immediately preceding such termination, for a period of eighteen (18) months (the “Welfare Benefits Payment”). The Severance Payment shall be divided into substantially equal
monthly cash payments, which shall be payable in monthly installments, subject to Section 3.6 and subject to Employee's execution of the release as provided in Section 3.5.3 for the duration of the eighteen (18) month severance
period. The Company will pay all applicable payroll taxes related to such payments and shall withhold the Employees payroll taxes. The Welfare Benefits Payment shall be paid at the time of payment of the first installment of the Severance Payments.
Any monthly payments hereunder shall be paid on the same day of the month as the day of the month of Employee's termination of employment. 
 3.5.5 Good Reason Definition. “Good Reason” shall mean the occurrence, without Employee's express written consent, of any of the following events, provided that Employee shall have given
the Company written notice that circumstances that Employee believes potentially constitute one of the following Good Reason events exist no later than ninety (90) days after the date that such circumstances come into existence, with specific
explanation of the circumstances and the provision of this definition under which Good Reason has arisen: 
  

 12 

 (a) a substantial reduction in Employee’s status, title, position or authority at
the Company such that Employee is no longer the Chief Executive Officer of the Company. “Chief Executive Officer” shall mean an executive who has responsibility to and is accountable only to either the Board or Chairman for the
direction and management of the executive and operational offices of the Company. 
 (b) a reduction in the Base Salary or the
target amount of any Annual Bonus which represents or will represent, in any 12-month period following such reduction, a reduction of $20,000 in either Base Salary, target Annual Bonus, or the aggregate of Base Salary and target Annual Bonus;

 (c) a requirement that Employee render services at a location outside of Los Angeles County, California or the relocation
of the Company’s headquarters outside of Los Angeles County, California; provided, however, that the foregoing shall not apply as to reasonable business travel commensurate with Employee’s position; or 
 (d) any material breach by the Company of any provision of this Agreement; 
 provided, however, that Good Reason shall not exist unless, following receipt by the Company of Employee's notice under this Section 3.5.5, the Company is provided with thirty (30) days to
remedy the circumstances that would constitute Good Reason (or the additional period provided under Section 3.5.1). After receipt of Employee's notice under this Section 3.5.5, Employee's continued employment shall not,
subject to the requirements under this Section 3.5.5, constitute consent to, or a waiver of rights with respect to, any event or condition constituting Good Reason. Any termination of a Employee’s employment for Good Reason as a
result of such event or condition must occur no later than the second anniversary of the date that such condition initially arose. At any time after such notice has been given and Good Reason exists (and has not been cured), the Company may not
terminate Employee's employment due to Permanent Disability under Section 3.3. 
 3.5.6 Relationship to Change in
Control Plan. It is intended that, if Employee qualifies for payments under both this Section 3.5 and under the separate Executive Change in Control Plan or a successor plan or arrangement thereto, he will be entitled to the greater of the
payment and benefits provided either by this Agreement or such other plan or arrangement, but without duplication. 
 3.6 Rules for
Compliance with Code Section 409A. This Section 3.6 serves to ensure compliance with applicable requirements of Section 409A. Certain provisions of this Section 3.6 modify other provisions of this Agreement. If the terms
of this Section 3.6 conflict with other terms of the Agreement, the terms of this Section 3.6 control. Before January 1, 2009, the timing of payments and distributions under the Agreement and other terms relating to Section 409A
compliance may be varied to the extent permitted under applicable Section 409A transition rules and in good faith compliance with Section 409A and IRS Notice 2005-1 and other applicable guidance under Section 409A. 
  

 13 

 3.6.1 Special Rules for Separate Payments. 
 (a) Separate Welfare Benefits Payments. If payable, the Welfare Benefits
Payments shall be deemed to be separate payments from the payments under Section 3.3.1(b) equal to the cost of life and disability insurance benefits and payments, to the maximum extent permissible under Section 409A. These amounts
shall be payable as a lump sum on the 60th day following termination of employment, to the maximum extent possible, under the short-term deferral rule set
forth in Treasury Regulation § 1.409A-1(b)(4) and, to the extent such amounts are not payable as a short-term deferral, such amounts shall be payable instead under the "two-years/two-times" exclusion from Section 409A under Treasury
Regulation § 1.409A-1(b)(9)(iii), up to the applicable limits of that exclusion and, to the extent such payment is not covered by the "two-years/two-times" exclusion, such amounts shall be deemed to be deferred compensation under
Section 409A and shall be subject to the six-month delay rule set forth in Section 3.6.2, if applicable. 
 (b) Separate Severance Payments. If payable, payments in the nature of salary continuation payable under Section 3.3 shall be deemed to be separate payments from the payments in the nature of salary continuation under
Section 3.5, to the maximum extent permissible under Section 409A. The Severance Payments under Section 3.5 and the payments under Section 3.3 shall further be deemed to be separate payments for purposes of
Section 409A as follows: 
  

	 	(i)	Each monthly installment payable in the first three months following termination of employment shall be a separate payment, payable, to the maximum extent permissible, under the
short-term deferral rule set forth in Treasury Regulation § 1.409A-1(b)(4). If the monthly installment payable in the third month following termination would be payable in March, such installment shall be paid no later than March 15. The
first two of these monthly installments shall not be paid until the date after Employee has executed the release required under Section 3.5.3 or Section 3.3.1, as applicable, and may no longer revoke such release (this date varies but in
no event is later than 52 days after termination of employment). If these payments are not payable under as a short-term deferral, they shall be payable instead under the "two-years/two-times" exclusion from Section 409A under Treasury
Regulation § 1.409A-1(b)(9)(iii), up to the applicable limits of that exclusion (after applying the exclusion under Section 3.6.1(a)). To the extent these payments do not qualify as short-term deferrals or under the "two-year/two-times"
exception, such amounts shall be deemed to be deferred compensation under Section 409A and shall be subject to the six-month delay rule set forth in Section 3.6.2, if applicable. 

  

	 	(ii)	Each month's installment payable in the fourth, fifth and sixth months following Employee's termination of employment shall be a separate payment payable, to the maximum extent
permissible, under the "two-years/two-times" exclusion from Section 409A under Treasury Regulation § 1.409A-1(b)(9)(iii), up to the applicable limits of that exclusion (after applying the exclusion under Section 3.6.1(a)). To the
extent these payments do not qualify under the "two-year/two-times" exception, such amounts shall be deemed to be deferred compensation under Section 409A and shall be subject to the six-month delay rule set forth in Section 3.6.2, if
applicable. 

  

 14 

	 	 (iii)
	 Each month's installment payable from the seventh through the 18th month following Employee's termination of employment shall be deemed to include two separate payments, one of which is a payment equal to one-twelfth of the amount of the
"two-years/two-times" exclusion under Treasury Regulation § 1.409A-1(b)(9)(iii) not applicable to payments prior to the seventh month after termination under the rules set forth above and under the Executive Change in Control Plan or any other
plan or arrangement providing for severance payments to Employee before the seventh month after termination (the "Excluded Portion") and the other separate payment for each month being the remaining amount of such Severance Payment, if any (i.e.,
the total monthly Severance Payment minus the Excluded Portion), shall be deemed to be deferred compensation subject to Section 409A and shall be subject to the six-month delay rule set forth in Section 3.6.2, if applicable.

 3.6.2 Six-Month Delay Rule. 
 (a) General Rule. The six-month delay rule will apply to certain payments and benefits under the Agreement if all of the following
conditions are met: 
  

	 	(i)	Employee is a “key employee” (as defined in Code Section 416(i) without regard to paragraph (5) thereof) for the year in which the Termination occurs. The
Company will determine status of “key employees” annually, under administrative procedures applicable to all Section 409A plans and arrangements and applied in accordance with Treasury Regulation § 1.409A-1(i).

  

	 	(ii)	The Company’s stock is publicly traded on an established securities market or otherwise. 

  

	 	(iii)	The payment or benefit in question is a deferral of compensation and not excepted, exempted or excluded from being such by the short-term deferral rule, or the "two-years/two-times"
rule in Treasury Regulation § 1.409A-1(b)(9)(iii), or any other exception, exemption or exclusion; provided, however, that the exclusion under Treasury Regulation § 1.409A-1(b)(9)(v)(D) shall apply only if and to the extent that
it is not necessary to apply to any other payment or benefit payable within six months after the Employee's Termination. 

 (b) Effect of Rule. If it applies, the six-month delay rule will delay a payment or benefit which otherwise would be payable under this Agreement within six months after Employee's Separation from Service.

  

	 	(i)	Any delayed payment or benefit shall be paid on the date six months after Employee's Separation from Service. 

  

 15 

	 	(ii)	During the six-month delay period, accelerated payment will occur in the event of the Employee's death but not for any other reason (including no acceleration upon a Change in
Control), except for accelerations expressly permitted under Treasury Regulation § 1.409A-1 – A-6. 

  

	 	(iii)	Any payment that is not triggered by a termination of employment, or is triggered by a termination but would be made more than six months after the Termination (without applying
this six-month delay rule), or is triggered by Employee's death shall be unaffected by the six-month delay rule. 

 (c) Limit to Application of Six-Month Delay Rule. If the terms of this Agreement or other plan or arrangement or document relating to this Agreement or payments hereunder impose this six-month delay rule in circumstances in which it
is not required for compliance with Section 409A, those terms shall not be given effect. 
 3.6.3 Certain
Benefits. With respect to benefits provided following Employee's termination of employment, the provision of each such benefit (whether provided in kind by the Company, provided by third parties but to be paid for by the Company, or
reimbursed to Employee by the Company) in each calendar year shall be deemed a separate payment by the Company, and each component separately covered by clauses (i) – (v) below shall be deemed a separate payment. The following payment
rules apply to ensure, to the greatest extent possible, that provision of these benefits does not result in Section 409A penalties to Employee: 
  

	 	(i)	Payments that are non-taxable to Employee are intended to be not subject to Section 409A. 

  

	 	(ii)	Certain payments, including but not limited to business expense reimbursements, are excluded from being deemed deferrals of compensation under Treasury Regulation §
1.409A-1(b)(9)(v)(A), (B) and (C); such payments may be incurred or provided during the period from termination of employment until the last day of Employee's second taxable year following the taxable year of Employee's Termination, provided
that reimbursements must be paid no later than the Employee's third taxable year following the year of Employee's Termination (or any greater or lesser period applicable to medical expenses under Treasury Regulation § 1.409A-1(b)(9)(v)(B)).

  

	 	(iii)	Payments shall be excluded under other applicable provisions of Treasury Regulation § 1.409A-1 – A-6 (including Treasury Regulation § 1.409A-1(b)(4) and
(10) – (12)). 

  

	 	(iv)	 Any such payments not covered under the foregoing rules shall be payable to the greatest extent permissible as a reimbursement to Employee or as an in-kind benefit
to Employee meeting the requirements of Treasury Regulation § 1.409A-3(i)(1)(iv). For this purpose, the amount of any such payment in any one of Employee's taxable years shall not affect the eligible amount of a related 

  

 16 

	 	 
payment in any other of Employee's taxable years (excluding medical expenses to the extent provided in Treasury Regulation § 1.409A-3(i)(1)((iv)(B)),
and any payment in reimbursement of an eligible expense shall be made no later than the last day of Employee's taxable year following the taxable year in which the expense was incurred. A payment subject to this clause (iv) may not be subject
to liquidation or exchange for another benefit. 

  

	 	(v)	Any payment not excluded from being a deferral of compensation and not otherwise covered by clauses (i) – (iv) above shall nevertheless be payable as a separate
payment under this Agreement. 

 3.6.4 Other Provisions. 
 (a) Separation from Service. References to "termination of employment" hereunder and references to "Separation from Service" mean
Employee's “separation from service” from the Company as such term is defined in Treasury Regulation § 1.409A-1(h) and other applicable guidance under Section 409A. 
 (b) No Influence on Year of Payment. In the case of any payment under the Agreement payable during a specified period of time
following a termination of employment or other event, if such permitted payment period begins in one calendar year and ends in a subsequent calendar year, Employee shall have no right to elect in which year the payment will be made, and the
Company's determination of when to make the payment shall not be influenced in any way by Employee. 
 (c) Good Reason.
The definition of "Good Reason" in Section 4(f)(iv) is intended to meet requirements so that a termination for Good Reason will constitute an "involuntary separation" within the meaning of Treasury Regulation § 1.409A-1(n)(2)(i), and shall
be so construed and interpreted. 
 (d) Non-transferability. No right to any payment or benefit under this Agreement
shall be subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by Employee's creditors or of any of Employee's beneficiaries. 
 (e) No Acceleration. The timing of payments and benefits under the Agreement may not be accelerated to occur before the time
specified for payment hereunder, except to the extent permitted under Treasury Regulation § 1.409A-3(j)(4) or as otherwise permitted under Code Section 409A without Employee incurring a tax penalty. 
  

 17 

 ARTICLE IV 
 OTHER PAYMENTS AND BENEFITS 
 4.1 Malpractice Insurance. The Company shall maintain and
continue Employee’s current professional liability insurance. Upon termination of Employee’s employment under this Agreement for any reason, the Company agrees to purchase extended period reporting (“tail”) professional liability
insurance for Employee, which shall provide the same coverage as was provided Employee at the time of termination of employment, for claims occurring any time that Employee was employed by the Company including before and during the Term and
reported as claims either during the Term or after termination. 
 4.2 Annual Bonus Payable Following Certain Terminations. In
the event of a termination of Employee's employment due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, Employee (or his beneficiaries following his death) shall be entitled to receive a pro
rata portion of his Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its
determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365
(or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee's termination. For any partial Contract Year which ends with the non-renewal of this Agreement, the Annual Bonus
for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.2. 
 4.3 Commitment Regarding Continued Participation in Welfare Plans. Provided that Employee has reached the age of 55 and been employed by
the Company more than five years, in the event of a termination of Employee's employment due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, the Company will in good faith use its best
efforts to permit Employee (or his dependents, in the case of Employee's death) to continue to participate in the Company's employee and dependent group medical and dental benefit programs, with Employee (or his dependents) upon the same terms and
conditions as if Employee continued to remain an actual employee of the Company paying the actual cost to the Company of such participation, for a period until both Employee and his spouse at the time of termination become eligible for Medicare
coverage. 
 ARTICLE V 
 MISCELLANEOUS 
 5.1 Dispute Resolution Procedure. 
 5.1.1 Arbitration. The parties agree that any dispute arising out of or related to the employment relationship between them,
including the termination of that relationship, shall be resolved by binding arbitration, except where the law specifically forbids the use of arbitration as a final and binding remedy. 
  

 18 

 5.1.2 Statement of Grievance. The party claiming to be aggrieved shall
furnish to the other party a written statement of the grievance identifying any witnesses or documents then reasonably known to that party that support the grievance and the relief requested or proposed. 
 5.1.3 Mediation. If within thirty (30) days after the written statement of grievance the other party does not agree to
furnish the relief requested or proposed, or otherwise does not satisfy the demand of the party claiming to be aggrieved, the other party shall provide a statement of reasons, identifying witnesses or documents then reasonably known to that party in
support of its position. Either party may then submit the dispute to nonbinding mediation before a mediator to be jointly selected by the parties within fourteen (14) business days thereafter. The Company will pay the cost of the mediation.
Such mediation shall be completed within sixty (60) days of the submission of the dispute to a mediator. 
 5.1.4
Arbitration Proceeding. If the mediation does not produce a resolution of the dispute, or if the parties fail to cooperate with such mediation, the Company and Employee agree that final and binding arbitration will be the exclusive
remedy for any employment related dispute between them which is based on a legally protected right, including without limitation, any common law claims such as breach of contract or commission of a tort, and any claims arising under the federal,
state or local civil rights laws, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans With Disabilities Act, the Age Discrimination in Employment Act, the Family and Medical Leave Act, 42 U.S.C. § 1981, the
Worker Adjustment or Retraining Notification Act, the California Fair Employment & Housing Act, the California Family Rights Act, California’s Pregnancy Disability Leave law, and all other federal, state or local employment related
statutes, ordinances and common law. Employee acknowledges that Employee waives the right to litigate the foregoing employment related legal claims in a judicial forum before a judge or jury. 
 This arbitration provision does not apply to any Employee claim for workers’ compensation benefits (with the exception of claims pursuant to
California Labor Code section 132a), claims under the National Labor Relations Act, unemployment compensation benefits or denial of benefits pursuant to the Employee Retirement Income Security Act (ERISA), or to the filing of Employee charges with
government agencies. 
 5.1.5 Claim Initiation/Time Limits. A party must notify the other party in writing at
the addresses indicated below of a request to arbitrate a dispute within the same statute of limitations applicable to the legal claim asserted. The written request for arbitration must specify: (i) the factual basis on which the claim is made;
(ii) the statutory provision or legal theory under which the claim is made; and (iii) the nature and extent of any relief or remedy sought. 
 5.1.6 Procedures. Arbitration will be before a single arbitrator in Los Angeles, California, unless the parties mutually agree to hold the arbitration in a different location. The arbitration will be
administered in accordance with the Employment Dispute Rules of the American Arbitration Association (“AAA”), a copy of which is available upon request to the Company. If the parties cannot agree on an arbitrator, then the
AAA rules will govern selection. The Company will pay the fees of the AAA and the arbitrator. However, in the event Employee 

  

 19 

 
requests an arbitration, Employee will be required to contribute an amount equal to the fee required to file a complaint of the same type in the state court
which is geographically closest to the site of the arbitration. Employee and the Company may be represented by counsel of their choosing at their own expense. However, the arbitrator may award attorneys’ fees and costs to a prevailing party if
authorized by the statute or common law under which the claim is made. 
 5.1.7 Responsibilities of Arbitrator.
The arbitrator will act as the impartial decision maker of any claims that come within the scope of this arbitration provision. The arbitrator will have the powers and authorities provided by the Employment Dispute Resolution Rules of the
AAA and the statute or common law under which the claim is made. For example, the arbitrator will have the power and authority to include all remedies in the award available under the statute or common law under which the claim is made
including, without limitation, the issuance of an injunction. The arbitrator will apply the elements and burdens of proof, mitigation duty, interim earnings offsets and other legal rules or requirements under the statutory provision or common law
under which such claim is made. The arbitrator will permit reasonable pre-hearing discovery. The arbitrator will have the power to issue subpoenas. The arbitrator will have the authority to issue a summary disposition if there are no material
factual issues in dispute requiring a hearing and the Company or Employee is entitled to an award in its or his favor. The arbitrator will issue a signed written opinion and award that will include findings of fact and conclusions of law. If any
monetary award is made, the arbitrator will specify the elements and factual basis for calculating the amount. The arbitrator’s award will be enforceable, and a judgment may be entered thereon, in a federal or state court of competent
jurisdiction. The decision of the arbitrator will be final and binding; provided, however, limited judicial review may be obtained in a court of competent jurisdiction: (i) on any ground referred to in the Federal Arbitration Act,
9 U.S.C. § 1 et seq.; (ii) where the findings of fact are not supported by substantial evidence; or (iii) where the arbitrator’s conclusions of law are erroneous. 
 5.2 Notices. Whenever notice is to be served hereunder, service shall be made personally, by facsimile transmission, by overnight courier
or by registered or certified mail, return receipt requested. All postage and other delivery charges shall be prepaid by the party sending the notice. Notice shall be effective only upon receipt by the party being served, except notice shall be
deemed received seventy-two (72) hours after posting by the United States Post Office, by method described above. Confirmation of receipt of any facsimile sent must be received in order to presume that the transmission was received. All notices
shall be sent to the addresses described below unless changed by written notice pursuant to the terms of this Section 5.2: 
  

					
		 	To the Company:	  	IPC The Hospitalist Company
		 		  	4605 Lankershim Boulevard, Suite 617
		 		  	North Hollywood, CA 91602
		 		  	Attention: President
		 		  	Facsimile: (818) 766-3999
			
		 	To Employee:	  	Adam Singer, M.D.
		 		  	11731 Chaparal St.
		 		  	Los Angeles, CA 90049

  

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 5.3 Determinations by the Board or the Committee. Except as specifically provided herein to
the contrary, with respect to any determinations to be made by the Board or the Committee in connection with Employee’s employment (or termination of employment) hereunder, Employee shall not have the right to participate in the deliberations
of such determination and shall abstain from any vote of the Board or the Committee with respect thereto. 
 5.4
Section 409A. It is intended that any income or payments to Employee provided pursuant to this Agreement (any such income or payments being referred to as “Payments”) will not be subject to the tax penalty and
interest under Section 409A (a “Section 409A Tax”). The provisions of the Agreement will be interpreted and construed in favor of complying with any applicable requirements of Section 409A necessary in order to avoid the
imposition of a Section 409A Tax. To the extent permitted under Section 409A, the Company and Employee agree to amend (including retroactively) the Agreement in order to comply with Section 409A, including amending to facilitate the
ability of Employee to avoid the imposition of, or reduce the amount of, any Section 409A Tax. The Company and Employee shall reasonably cooperate to provide full effect to this provision and the consent to any amendment described in the
preceding sentence shall not be unreasonably withheld by either party. The parties agree that neither party has (a) an obligation to bring any potential Section 409A Tax to the attention of the other party or (b) any liability for any
Section 409A Tax or any other reporting or withholding obligation to the other party. 
 5.5 No Mitigation; No Set-Off.
The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action (provided
Employee enters into and does not rescind the general release provided in Sections 3.3.1 and 3.5.3 and subject to the proviso in the succeeding sentence) which the Company may have against Employee or others, other than any action the Company
may need to take pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. In no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Employee under any of the
provisions of this Agreement and such amounts shall not be reduced whether or not Employee obtains other employment; provided that the Company’s obligation under Sections 3.3.1 and 3.5.3 with respect to medical and dental benefits
shall be limited to the extent that Employee obtains any such medical or dental benefits from another employer during the benefit continuation period provided thereunder, in which case the Company may reduce the coverage of any medical and dental
benefits it is required to provide Employee under Sections 3.3.1 and 3.5.3 as long as the aggregate coverages of the combined benefits provided by the Company and such other employer are comparable to the benefits to be provided to Employee
by the Company under Sections 3.3.1 and 3.5.3. The provisions of this Section 5.5 shall survive the expiration or earlier termination of this Agreement for any reason. 
 5.6 Assignability. The Company may assign its interest in this Agreement to any subsidiary or affiliate of the Company or in connection
with a merger or sale of all or substantially all of the assets of the Company and the provisions of this Agreement shall inure to the benefit of the successors and assigns of the Company. Employee may not assign or transfer this Agreement, it being
deemed personal to Employee only; provided, however, upon Employee’s death, Employee’s heirs, executors and/or administrators may seek collection of any 

  

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sums that may have been due Employee as of Employee’s death. Subject to the above, this Agreement shall be binding upon and shall inure to the benefit
of the parties hereto and their respective heirs, legal representatives, successors and assigns. 
 5.7 Deductions. The Company
shall deduct from any payment to Employee hereunder such Social Security insurance, Federal, State and other taxes, State disability insurance and other withholdings as may be required by law. 
 5.8 Severability. If any term or provision of this Agreement, or the application thereof to any person or circumstance, shall to any extent
be found to be invalid, void, or unenforceable, the remaining provisions of this Agreement and any application thereof shall, nevertheless, continue in full force and effect without being impaired or invalidated in any way. 
 5.9 Waiver. No waiver of any term, provision or condition of this Agreement, whether by conduct or otherwise, in any one or more instances,
shall be deemed to be or be construed as a further or continuing waiver of any such term, provision or condition or as a waiver of any other term, provision or condition of this Agreement. 
 5.10 Headings. The headings herein used are for convenience purposes only and shall not be used to construe the meaning of this Agreement
in any respect. 
 5.11 Entire Agreement. This Agreement, together with any Exhibit hereto and any extensions or renewals
hereof, constitutes the parties’ entire Agreement with respect to the subject matter hereof and supersedes all prior statements or agreements, both written and oral. This Agreement may be amended only by a writing signed by the parties.

 5.12 Governing Law. The validity, interpretation and construction of this Agreement, and all other matters related to the
Agreement, shall be interpreted and governed by the laws of the State of California. 
 5.13 Counterparts. This Agreement may
be executed in one or more counterparts, each of which shall constitute an original instrument and all of which together shall constitute the same instrument 
 5.14 Acknowledgements. Employee and the Company each acknowledge and represent to the other that each of them (a) has carefully read and understands this Agreement, (b) has had the opportunity
to consult with legal counsel prior to executing this Agreement, (c) understands the legal effect and binding nature of this general Agreement, and (d) is acting voluntarily (and not as a result of any threats or coercion) and with full
knowledge of their actions in executing this Agreement, with the intent of being bound by this Agreement. 
 5.15 Future
Cooperation. Following the end of the Term, as the Company in its sole discretion deems necessary to effectuate a smooth transition, or in connection with any and all claims, disputes, negotiations, investigation, lawsuits or administrative
proceedings involving the Company, Employee agrees to make himself available, upon reasonable notice from the Company, and without the necessity of subpoena, to provide information or documents, provide declarations or statements to the Company,
meet with attorneys or other representatives of the Company, prepare for and give depositions or testimony, render consulting services and/or 

  

 22 

 
otherwise cooperate in the investigation, defense or prosecution of any or all such matters. Separate from any compensation provided pursuant to any other
provision of this Agreement, the Company agrees that if the provision of such services is more than minimal in nature, it shall promptly compensate Employee at the rate of $500 per hour, and will reimburse Employee for reasonable out of pocket
expenses. Any reimbursement payable pursuant to this Section 5.15 shall be paid as soon as administratively feasible upon request, but in all cases, such reimbursement shall be paid no later than March 15 of the year following the
year in which the expense is incurred. This Section 5.15 shall survive the termination of this Agreement. In order to ensure that Employee's termination of employment pursuant to Article III constitutes a Separation from Service,
the services to be performed by Employee pursuant to this Section 5.15 shall not be more than insignificant services for the Company as provided under Treasury Regulation Section 1.409A-1(h)(ii). 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement, effective as of the date first above written, by their duly authorized
representatives. 
  

									
	COMPANY:	 		 	 IPC The Hospitalist Company,
 a
Delaware corporation

					
		 		 		 	By:	 	/s/ R. Jeffrey Taylor
		 		 		 	Title:	 	President and Chief Operating Officer
				
	EMPLOYEE:	 		 		 	/s/ Adam Singer, M.D.
		 		 		 		 	ADAM SINGER, M.D.

  

 23 

 EXHIBIT A 
 GENERAL RELEASE 
 For a valuable consideration, the receipt and adequacy of which are hereby acknowledged, the
undersigned does hereby release and forever discharge the “Releasees” hereunder, consisting of IPC The Hospitalist Company, and each of its subsidiaries, associates, affiliates, successors, heirs, assigns, agents, managers,
directors, officers, employees, representatives, lawyers, insurers, and all persons acting by, through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action, in law or in
equity, suits, debts, liens, contracts, agreements, promises, liability, claims, demands, damages, losses, costs, attorneys’ fees or expenses, of any nature whatsoever, known or unknown, fixed or contingent to the extent permissible under
applicable law (hereinafter called “Claims”), which the undersigned now has or may hereafter have against the Releasees, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date
hereof. The Claims released herein include, without limiting the generality of the foregoing, any Claims in any way arising out of, based upon, or related to the employment or termination of employment of the undersigned by the Releasees, or any of
them; any alleged breach of any express or implied contract of employment; any alleged torts or other alleged legal restrictions on Releasee’s right to terminate the employment of the undersigned; and any alleged violation of any federal, state
or local statute or ordinance including, without limitation, Title VII of the Civil Rights Act of 1964, the Age Discrimination In Employment Act, the Americans With Disabilities Act, and the California Fair Employment and Housing Act. 
 THE UNDERSIGNED ACKNOWLEDGES THAT HE HAS BEEN ADVISED BY LEGAL COUNSEL AND IS FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS
FOLLOWS: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE
TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 
 THE UNDERSIGNED,
BEING AWARE OF SAID CODE SECTION, HEREBY EXPRESSLY WAIVES ANY RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT. 
 IN ACCORDANCE WITH THE OLDER WORKERS BENEFIT PROTECTION ACT OF 1990, THE UNDERSIGNED IS HEREBY ADVISED AS FOLLOWS: 
 (A) HE
HAS THE RIGHT TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS RELEASE; 
 (B) HE HAS FORTY FIVE (45) DAYS TO CONSIDER THIS RELEASE BEFORE SIGNING IT;
AND 

 (C) HE HAS SEVEN (7) DAYS AFTER SIGNING THIS RELEASE TO REVOKE THIS RELEASE, AND THIS RELEASE WILL BECOME EFFECTIVE
UPON THE EXPIRATION OF THAT REVOCATION PERIOD. 
 The undersigned further understands and agrees that neither the payment of any sum of money nor the
execution of this Release shall constitute or be construed as an admission of any liability whatsoever by the Releasees, or any of them, who have consistently taken the position that they have no liability whatsoever to the undersigned. 

IN WITNESS WHEREOF, the undersigned has executed this Release this          day of
            ,         .

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