Document:

Employment Agreement Daryl J. Doise

 Exhibit 10.3 

 
 EMPLOYMENT AGREEMENT 

BETWEEN 

DARYL DOISE 
 AND 
 LHC GROUP, INC. 

 

 Table of Contents 

 

									
	 	 	 	 	 	  	Page	 
	 1.  
	 	 Employment
	  	 	1	  
			
	 2.  
	 	 Term
	  	 	1	  
			
	 3.  
	 	 Extent of Service
	  	 	1	  
			
	 4.  
	 	 Compensation and Benefits
	  	 	2	  
				
		 	(a)  	 	 Base Salary
	  	 	2	  
				
		 	(b)  	 	 Incentive, Savings and Retirement Plans
	  	 	2	  
				
		 	(c)  	 	 Welfare Benefit Plans
	  	 	2	  
				
		 	(d)  	 	 Expenses
	  	 	2	  
				
		 	(e)  	 	 Fringe Benefits
	  	 	3	  
				
		 	(f)  	 	 Vacation
	  	 	3	  
				
		 	(g)  	 	 Office and Support Staff
	  	 	3	  
			
	 5.  
	 	 Change of Control
	  	 	3	  
			
	 6.  
	 	 Termination of Employment
	  	 	4	  
				
		 	(a)  	 	 Death or Retirement
	  	 	4	  
				
		 	(b)  	 	 Disability
	  	 	4	  
				
		 	(c)  	 	 Termination by the Company
	  	 	5	  
				
		 	(d)  	 	 Termination by Executive
	  	 	5	  
				
		 	(e)  	 	 Notice of Termination
	  	 	6	  
				
		 	(f)  	 	 Date of Termination
	  	 	6	  
			
	 7.  
	 	 Obligations of the Company upon Termination
	  	 	6	  
				
		 	(a)  	 	 Termination by Executive for Good Reason; Termination by the Company Other Than for Cause or Disability
	  	 	6	  
				
		 	(b)  	 	 Death or Disability
	  	 	9	  
				
		 	(c)  	 	 Cause, Voluntary Termination without Good Reason or Retirement
	  	 	9	  
				
		 	(d)  	 	 Expiration of Term Following Notice
	  	 	9	  
				
		 	(e)  	 	 Resignations
	  	 	9	  

  
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	 8.  
	 	 Non-exclusivity of Rights
	  	 	10	  
			
	 9.  
	 	 Full Settlement; No Obligation to Mitigate
	  	 	10	  
			
	 10.  
	 	 Certain Additional Payments by the Company
	  	 	10	  
			
	 11.  
	 	 Costs of Enforcement
	  	 	11	  
			
	 12.  
	 	 [Intentionally Omitted]
	  	 	11	  
			
	 13.  
	 	 Restrictions on Conduct of Executive
	  	 	12	  
				
		 	(a)  	 	 General
	  	 	12	  
				
		 	(b)  	 	 Definitions
	  	 	12	  
				
		 	(c)  	 	 Restrictive Covenants
	  	 	14	  
				
		 	(d)  	 	 Enforcement of Restrictive Covenants
	  	 	16	  
			
	 14.  
	 	 Consent to Jurisdiction
	  	 	17	  
			
	 15.  
	 	 Assignment and Successors
	  	 	17	  
			
	 16.  
	 	 Miscellaneous
	  	 	17	  
				
		 	(a)  	 	 Waiver
	  	 	18	  
				
		 	(b)  	 	 Severability
	  	 	18	  
				
		 	(c)  	 	 Other Agents
	  	 	18	  
				
		 	(d)  	 	 Entire Agreement
	  	 	18	  
				
		 	(e)  	 	 Governing Law
	  	 	18	  
				
		 	(f)  	 	 Notices
	  	 	18	  
				
		 	(g)  	 	 Amendments and Modifications
	  	 	19	  
				
		 	(h)  	 	 Construction
	  	 	19	  
				
		 	(i)  	 	 Code Section 409A
	  	 	19	  
				
		 	(j)  	 	 Withholding
	  	 	19	  

  
 ii 

 EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered into and effective this 1st day of January, 2011
(“Effective Date”), by and between LHC Group, Inc., a Delaware corporation (the “Company”) and Daryl Doise (“Executive”), each a “Party” and, collectively, the “Parties.” 

PREAMBLE 

WHEREAS, the Company desires to engage Executive as Executive Vice President – Joint Venture Development and Facility Based
Operations from and after the Effective Date in accordance with the terms of this Agreement. Executive is willing to serve as such in accordance with the terms and conditions of this Agreement. All prior employment agreements between Executive and
the Company shall be terminated upon the Effective Date of this Agreement and neither Party shall have any further obligations under any such terminated employment agreements. 
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties hereto agree as follows: 
 1. Employment. Executive is hereby employed as Executive
Vice President—Joint Venture Development and Facility Based Operations. In his capacity as such, Executive shall have the duties, responsibilities and authority commensurate with such position as shall be assigned to him by the President and
Chief Operating Officer of the Company. In his capacity as Executive Vice President—Joint Venture Development and Facility Based Operations of the Company, Executive will report directly to the President and Chief Operating Officer of the
Company. 
 2. Term. Executive’s employment shall be governed by the terms and conditions of
this Agreement for a period beginning on the Effective Date and ending on December 31, 2013 (the “Term”). Beginning on January 1, 2014, and on each January 1st thereafter, the Term shall, without further action by Executive or the Company, be extended by an additional one-year
period; provided, however, that either the Company or the Executive may, by notice to the other given at least six (6) months prior to the scheduled expiration of the then-current Term, cause the Term to cease to extend automatically. Upon such
notice, the Term shall terminate upon the expiration of the then-current Term, including any prior extensions. Notwithstanding the foregoing, following the occurrence of a Change of Control, the Company may not cause the Term to expire earlier than
the second anniversary of the Change of Control. 
 3. Extent of Service. During the Term, and excluding any periods of
vacation, holiday, sick leave and Company-approved leave of absence to which Executive is entitled in accordance with Company policies, Executive agrees to devote substantially all of his business time, attention, skill and efforts exclusively to
the faithful performance of his duties hereunder. It shall not be a violation of this Agreement for Executive to: (i) devote reasonable time to charitable or community activities; (ii) serve on corporate, civic, educational or charitable
boards 

  
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or committees, subject to the Company’s standards of business conduct or other code of ethics; (iii) deliver lectures or fulfill speaking engagements from time to time on an infrequent
basis; and/or (iv) manage personal business interests and investments, subject to the Company’s standards of business conduct or other code of ethics, and so long as such activities do not interfere in a material manner or on a routine
basis with the performance of Executive’s responsibilities under this Agreement. 
 4. Compensation and Benefits.

 (a) Base Salary. During the Term, the Company will pay to Executive base salary at the rate of Two Hundred Seventy
Eight Thousand Two Hundred Fifty Dollars ($278,250.00) per year (“Base Salary”), less normal withholdings, payable in approximately equal bi-weekly or other installments as are or become customary under the Company’s payroll practices
for its employees from time to time. The President and Chief Operating Officer shall review Executive’s Base Salary annually and may increase (but not decrease) Executive’s Base Salary from year to year. Such adjusted salary, after
approval by the Compensation Committee of the Board of Directors, shall then become Executive’s Base Salary for purposes of this Agreement. The annual review of Executive’s Base Salary will consider, among other things, Executive’s
own performance and the Company’s performance. 
 (b) Incentive, Savings and Retirement Plans. During the Term,
Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs available to senior executive officers of the Company (“Peer Executives”). Without limiting the foregoing, the
following shall apply: 
 (i) during the Term, Executive will be entitled to participate in the Company’s Executive Bonus
Plan, pursuant to which he will have an opportunity to receive an annual cash bonus based upon the achievement of performance goals established from year to year by the President and Chief Operating Officer of the Company (such bonus earned at the
stated “goal” level of achievement being referred to herein as the “Target Bonus”); and 
 (ii) during the
Term, Executive will be eligible for grants, under the Company’s long-term incentive plan or plans, of stock options and/or restricted stock awards (or such other stock-based awards as the Company makes to Peer Executives). Nothing herein
requires the Company to make grants of options or other awards in any year. 
 (c) Welfare Benefit Plans. During the
Term, Executive and Executive’s eligible dependents shall be eligible for participation in, and shall receive all benefits under, the welfare benefit plans, practices, policies and programs provided by the Company (including, without
limitation, medical, prescription drug, dental, disability, employee life, dependent life, accidental death and travel accident insurance plans and programs) (“Welfare Plans”) to the extent available to other Peer Executives. 

(d) Expenses. During the Term, Executive shall be entitled to receive prompt reimbursement for all reasonable expenses incurred by
Executive in the course of performing his duties and responsibilities under this Agreement, in accordance with the policies, practices and 

  
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procedures of the Company to the extent available to other Peer Executives with respect to travel, entertainment and other business expenses. 

(e) Fringe Benefits. During the Term, Executive shall be entitled to fringe benefits in accordance with the plans, practices,
programs and policies of the Company available to other Peer Executives. 
 (f) Vacation. During the Term, Executive will
be entitled to such paid vacation time as may be provided from time to time under any plans, practices, programs and policies of the Company available to other Peer Executives. 

(g) Office and Support Staff. During the Term, Executive will be entitled to office, furnishings and equipment of similar type and
quality made available to other Peer Executives. During the Term, Executive will be entitled to secretarial and other assistance reasonably necessary for the performance of his duties and responsibilities. 

5. Change of Control. For the purposes of this Agreement, a “Change of Control” shall mean the occurrence of any of the
following events: 
 (a) individuals who, on the Effective Date, constitute the Board of Directors of the Company (the
“Incumbent Directors”) cease for any reason to constitute at least a majority of such Board, provided that any person becoming a director after the Effective Date and whose election or nomination for election was approved by a vote of at
least a majority of the Incumbent Directors then on the Board shall be an Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Company as a result of an actual or threatened election contest
with respect to the election or removal of directors (“Election Contest”) or other actual or threatened solicitation of proxies or consents by or on behalf of any “person” (such term for purposes of this Section 5 being as
defined in Section 3(a)(9) of the Securities Exchange Act of 1934 (the “Exchange Act”) and as used in Section 13(d)(3) and 14(d)(2) of the Exchange Act) other than the Board (“Proxy Contest”), including by reason of any
agreement intended to avoid or settle any Election Contest or Proxy Contest, shall be deemed an Incumbent Director; or 
 (b)
any person is or becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of either (i) 35% or more of the then-outstanding shares of common stock of the Company (“Company Common
Stock”) or (ii) securities of the Company representing 35% or more of the combined voting power of the Company’s then outstanding securities eligible to vote for the election of directors (the “Company Voting Securities”);
provided, however, that for purposes of this paragraph (b), the following acquisitions of Company Common Stock or Company Voting Securities shall not constitute a Change of Control: (A) an acquisition directly from the Company, (B) an
acquisition by the Company or a subsidiary of the Company, (C) an acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any subsidiary of the Company, or (D) an acquisition pursuant to a
Non-Qualifying Transaction (as defined in paragraph (c) below); or 
 (c) the consummation of a recapitalization,
reorganization, merger, consolidation, statutory share exchange or similar form of transaction involving the Company or 

  
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a subsidiary of the Company (a “Reorganization”), or the sale or other disposition of all or substantially all of the Company’s assets (a “Sale”) or the acquisition of
assets or stock of another entity (an “Acquisition”), unless immediately following such Reorganization, Sale or Acquisition: (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of
the outstanding Company Common Stock and outstanding Company Voting Securities immediately prior to such Reorganization, Sale or Acquisition beneficially own, directly or indirectly, more than fifty percent (50%) of, respectively, the then
outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from or surviving such Reorganization,
Sale or Acquisition (including, without limitation, an entity which as a result of such transaction owns the Company or all or substantially all of the Company’s assets or stock either directly or through one or more subsidiary entities, the
“Surviving Entity”) in substantially the same proportions as their ownership, immediately prior to such Reorganization, Sale or Acquisition, of the outstanding Company Common Stock and the outstanding Company Voting Securities, as the case
may be, and (B) no person (other than (x) the Company or any subsidiary of the Company, (y) the Surviving Entity or its ultimate parent entity, or (z) any employee benefit plan (or related trust) sponsored or maintained by any of
the foregoing) is the beneficial owner, directly or indirectly, of thirty-five percent (35%) or more of the total common stock or thirty-five percent (35%) or more of the total voting power of the outstanding voting securities eligible to
elect directors of the Surviving Entity, and (C) at least a majority of the members of the board of directors of the Surviving Entity were Incumbent Directors at the time of the Board’s approval of the execution of the initial agreement
providing for such Reorganization, Sale or Acquisition (any Reorganization, Sale or Acquisition which satisfies all of the criteria specified in (A), (B) and (C) above shall be deemed to be a “Non-Qualifying Transaction”); or

 (d) approval by the members or stockholders of the Company, as the case may be, of a complete liquidation or dissolution of
the Company. 
 6. Termination of Employment. 
 (a) Death or Retirement. Executive’s employment shall terminate automatically upon Executive’s death or Retirement during the Term. For purposes of this Agreement, “Retirement”
shall mean normal retirement as defined in the Company’s then-current retirement plan. 
 (b) Disability. If the
Company determines in good faith that the Disability (as defined below) of Executive has occurred during the Term, it may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s
employment with the Company shall terminate effective on the thirtieth (30th) day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the thirty (30) days after such receipt,
Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall have the same meaning as provided in the long-term disability plan or policy maintained by the
Company and covering Executive. If no such long-term disability plan or policy is maintained, “Disability” shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and
responsibilities, with or without reasonable accommodation, due to a 

  
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medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six (6) consecutive months. 

(c) Termination by the Company. The Company may terminate Executive’s employment during the Term with or without Cause. For
purposes of this Agreement, “Cause” shall mean: 
 (i) any conduct by Executive involving fraud, dishonesty, sexual
misconduct or the intent to harm persons or things that has a material adverse impact on the Company or on Executive’s ability to perform his duties hereunder; 
 (ii) Executive’s conviction of, or pleading guilty or nolo contendere (or any similar plea or admission) to, a felony or a criminal act involving fraud, dishonesty, sexual misconduct or the intent to
harm persons or things; 
 (iii) any failure to abide by any material laws applicable to him in his capacity as an employee or
executive of Company or applicable to Company or any of its parents or subsidiaries; 
 (iv) any failure or refusal on the part
of Executive to perform his duties under this Agreement or to obey lawful directives from the Board of Directors of Company or the President and Chief Operating Officer of the Company, or either of their designees, if not remedied within thirty
(30) business days after Company’s providing notice thereof; 
 (v) any violation of any policy of Company relating
to equal employment opportunity, harassment, business conduct or conflict of interest; 
 (vi) use of illegal drugs, abuse of
other controlled substances or working under the influence of alcohol or other controlled substances; and 
 (vii) any breach
by Executive of any obligation under this Agreement if not remedied within thirty (30) business days after Company’s providing notice thereof. 
 (d) Termination by Executive. Executive’s employment may be terminated by Executive during the Term for Good Reason or no reason. For purposes of this Agreement, unless written consent of
Executive is obtained, “Good Reason” shall mean: 
 (i) a material reduction by the Company in Executive’s Base
Salary as in effect on the Effective Date (which reduction in base salary is not permitted by Section 4(a) hereof) or as the same may be increased from time to time; 
 (ii) any failure by the Company to comply with and satisfy Section 15(c) of this Agreement; or 
 (iii) the material breach by the Company of any of the financial obligations of Company set forth in this Agreement. 

  
 5 

 Any claim of “Good Reason” under this Agreement shall be communicated by Executive
to the Company in writing, which writing shall specifically identify the factual details concerning the event(s) giving rise to Executive’s claim of Good Reason under this Section 6(d). The Company shall have an opportunity to cure any
claimed event of Good Reason within 30 days of such notice from Executive. Good Reason shall cease to exist for an event or condition described in clauses (i), (ii) and (iii) above on the 90th day following its occurrence, unless Executive
has given the Company written notice thereof prior to such date. 
 (e) Notice of Termination. Any termination by the
Company for Cause, or by Executive for Good Reason, shall be communicated by Notice of Termination to the other Party hereto given in accordance with Section 16(f) of this Agreement. For purposes of this Agreement, a “Notice of
Termination” means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a
basis for termination of Executive’s employment under the provision so indicated, and (iii) specifies the termination date. The failure by Executive or the Company to set forth in the Notice of Termination any fact or circumstance which
contributes to a showing of Good Reason or Cause shall not waive any right of Executive or the Company, respectively, hereunder or preclude Executive or the Company, respectively, from asserting such fact or circumstance in enforcing
Executive’s or the Company’s rights hereunder. 
 (f) Date of Termination. “Date of Termination”
means (i) if Executive’s employment is terminated by the Company for Cause, or by Executive for Good Reason, the date of receipt of the Notice of Termination or a date within thirty (30) days after receipt of the Notice of
Termination, as specified in such notice; (ii) if Executive’s employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date of receipt of the Notice of Termination or a date within 90
days after receipt of the Notice of Termination, as specified in such notice, (iii) if Executive’s employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of Executive or the Disability
Effective Date, as the case may be, and (iv) if Executive’s employment is terminated by Executive without Good Reason, the Date of Termination shall be sixty (60) days following the Company’s receipt of the Notice of Termination,
unless the Company specifies an earlier Date of Termination. 
 7. Obligations of the Company upon Termination.

 (a) Termination by Executive for Good Reason; Termination by the Company Other Than for Cause or Disability. If,
during the Term, the Company shall terminate Executive’s employment other than for Cause or Disability, or Executive shall terminate employment for Good Reason within a period of one-hundred and eighty (180) days after the occurrence of
the event giving rise to Good Reason, then and, with respect to the payments and benefits described below, only if Executive executes a Release in substantially the form of Exhibit A hereto (the “Release”): 

(i) the Company shall provide to Executive in a single lump sum cash payment within thirty (30) days after the Date of Termination,
or if later, within five (5) days after the Release becomes effective and nonrevocable (but in no event shall such amount be 

  
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payable later than March 15 of the year following the year in with the Executive’s employment was terminated), the aggregate of the following amounts: 

(A) the sum of the following amounts, to the extent not previously paid to Executive (the “Accrued Obligations”):
(1) Executive’s Base Salary through the Date of Termination, and (2) any accrued pay in lieu of unused vacation (in accordance with the Company’s vacation policy; and 

(B) a severance payment as determined pursuant to clause (x) or (y) below, as applicable: 

(x) if the Date of Termination occurs before, or more than two (2) years after, the occurrence of a Change of Control, the
severance payment shall be the product of one-and-a-half (1.5) times the sum of: (i) Executive’s Base Salary in effect as of the Date of Termination (ignoring any decrease in Executive’s Base Salary unless consented to by
Executive); and (ii) the greater of the average of the annual cash bonuses earned by Executive for the two (2) fiscal years in which annual bonuses were paid immediately preceding the year in which the Date of Termination occurs, or
Executive’s Target Bonus for the year in which the Date of Termination occurs; or 
 (y) if the Date of Termination occurs
within two (2) years after the occurrence of a Change of Control, the severance payment shall be the product of two-and-a-half (2.5) times the sum of: (i) Executive’s Base Salary in effect as of the Date of Termination; and
(ii) the greater of the average of the annual bonuses earned by Executive for the two (2) fiscal years in which annual bonuses were paid immediately preceding the year in which the Date of Termination occurs, or Executive’s Target
Bonus for the year in which the Date of Termination occurs; and 
 (ii) the Company shall pay to Executive, in a single lump
sum cash payment at the time that annual bonuses are paid to Peer Executives, or such later date as may be required pursuant to Section 16(i), an annual bonus for the year in which the Date of Termination occurs, equal to: (i) the bonus,
if any, that would have been earned by Executive under the annual incentive bonus plan for such year if he had remained employed on such payment date, based on actual performance under applicable financial metrics, multiplied by (ii) a
fraction, the numerator of which is the number of days worked by Executive during such final year and the denominator of which is three-hundred and sixty-five (365) (the “Prorated Final Year Bonus”); and 

(iii) to the extent not theretofore paid or provided, the Company shall timely pay or deliver, as appropriate, all other benefits due to
the Executive pursuant to any employee benefit plans or incentive plans maintained by the Company with respect to services rendered by the Executive prior to the Date of Termination (such other amounts and benefits shall be hereinafter referred to
as the “Other Benefits”). 
 (iv) In addition to the payments and benefits described in clauses (i), (ii) and
(iii) above, the Executive shall be entitled to the following additional benefits: 

  
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 (A) If the Date of Termination occurs within two (2) years after the occurrence of a
Change of Control, all grants of stock options and other equity awards granted by the Company and held by Executive as of the Date of Termination will become immediately vested and exercisable as of the Date of Termination and, to the extent
necessary, this Agreement is hereby deemed an amendment of any such outstanding stock option or other equity award; 
 (B) If
the Date of Termination occurs before a Change of Control or two (2) years following the occurrence of a Change of Control, then, except as provided below, all grants of stock options and other equity awards granted by the Company and held by
Executive as of the Date of Termination will remain outstanding and will (i) continue to vest and become exercisable in accordance with their current vesting schedule provided that Executive continues to comply with the provisions of
Section 13 hereof following the Date of Termination and during the Restricted Period (and any unvested award shall be forfeited in the event Executive breaches any of the provisions of Section 13 during such period), and (ii) continue
to vest and become exercisable in accordance with their current vesting schedule without condition following the end of the Restricted Period provided that Executive complied with the provisions of Section 13 hereof during the Restricted
Period. Notwithstanding the foregoing, if the Executive incurs a tax liability with respect to an award of restricted stock prior to the time the restrictions on such restricted stock would lapse in accordance with this Section 8(a)(iv)(B), the
restrictions shall lapse on the date such tax liability arises with respect to the number of whole shares of the Company’s common stock having a fair market value at such time no greater than the amount required to satisfy all tax withholding
requirements applicable thereto. The Company shall withhold such released shares to satisfy such withholding obligations, and any unvested shares of restricted stock will be subject to the remaining vesting schedule. To the extent necessary, this
Agreement is hereby deemed an amendment of any such outstanding stock option or other equity award; and 
 (C) If Executive
elects to continue participation in any group medical, dental, vision and/or prescription drug plan benefits to which Executive and/or Executive’s eligible dependents would be entitled under Section 4980B of the Code (COBRA), then during
the period that Executive is entitled to such coverage under COBRA (the “Coverage Period”), the Company shall pay the excess of (i) the COBRA cost of such coverage over (ii) the amount that Executive would have had to pay for
such coverage if he had remained employed during the Coverage Period and paid the active employee rate for such coverage, provided, however, that the cost so paid on behalf of Executive by the Company will be deemed taxable income to Executive to
the extent required by law, and provided, further, that if Executive becomes eligible to receive group health benefits under a program of a subsequent employer or otherwise (including coverage available to Executive’s spouse), the
Company’s obligation to pay the cost of health coverage as described herein shall cease, except as otherwise provided by law. 
 If Executive’s employment is terminated by the Company without Cause prior to the occurrence of a Change of Control and if it can reasonably be shown that Executive’s termination (i) was at
the direction or request of a third party that had taken steps reasonably calculated to effect a Change of Control after such termination, or (ii) otherwise occurred in anticipation of a Change of Control, and in either case a Change of Control
as defined hereunder 

  
 8 

 
does, in fact, occur, then Executive shall have the rights described in this Section 7(a) as if the Change of Control had occurred on the date immediately preceding the Date of Termination.

 Executive acknowledges and agrees that the receipt of severance benefits provided in this Section 7(a) constitutes
consideration for the restrictions on the conduct of Executive contained in Section 13 of this Agreement. 
 (b) Death
or Disability. If Executive’s employment is terminated by reason of his death or Disability during the Term, all grants of stock options and other equity awards granted by the Company and held by Executive will become immediately vested and
exercisable as of the Date of Termination (and this Agreement is hereby deemed an amendment of any such outstanding stock option or other equity award to the extent necessary), and this Agreement shall terminate without further obligations to
Executive or his estate, beneficiaries or legal representatives, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits. Accrued Obligations shall be paid to Executive or his estate, beneficiary or legal
representative, as applicable, in a lump sum in cash within thirty (30) days of the Date of Termination. With respect to the provision of Other Benefits, the term Other Benefits as used in this Section 7(b) shall include, without
limitation, and Executive or his estate, beneficiaries or legal representatives, as applicable, shall be entitled to receive: benefits under such plans, programs, practices and policies relating to death, disability or retirement benefits, if any,
as are applicable to Executive or his family on the Date of Termination. 
 (c) Cause, Voluntary Termination without Good
Reason or Retirement. If Executive’s employment shall be terminated for Cause during the Term, or if Executive voluntarily terminates employment during the Term without Good Reason or by reason of his Retirement, this Agreement shall
terminate without further obligations to Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits. 
 (d) Expiration of Term Following Notice. If either Party gives notice under Section 3 to cause the Term to cease to extend automatically, this Agreement shall terminate without further
obligations to Executive upon the expiration of the then-current Term, provided, however, that if it is the Company who gives notice to the Executive under Section 2 to cause the Term to cease to extend automatically, then upon the
Executive’s termination of employment following such notice, all grants of stock options and other equity awards granted by the Company and held by Executive as of the Date of Termination will remain outstanding and will continue to vest and
become exercisable in accordance with their current vesting schedule for so long as Executive voluntarily complies with the restrictions of Section 13 hereof following the Date of Termination as if such restrictions applied to Executive. Any
unvested award shall be forfeited upon Executive’s failure to comply with any of the restrictions of Section 13 as if such restrictions applied to Executive. To the extent necessary, this Agreement is hereby deemed an amendment of any such
outstanding stock option or other equity award. 
 (e) Resignations. Termination of Executive’s employment for any
reason whatsoever shall constitute Executive’s resignation as an officer of the Company, its subsidiaries and affiliates. 

  
 9 

 8. Non-exclusivity of Rights. Nothing in this Agreement shall prevent or limit
Executive’s continuing or future participation in any employee benefit plan, program, policy or practice provided by the Company and for which Executive may qualify, except as specifically provided herein. Amounts which are vested benefits or
which Executive is otherwise entitled to receive under any employee benefit plan, policy, practice or program of the Company, its subsidiaries or any of its affiliated companies at or subsequent to the Date of Termination shall be payable in
accordance with such plan, policy, practice or program except as explicitly modified by this Agreement. 
 9. Full
Settlement; No Obligation to Mitigate. 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 which the Company may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of
the provisions of this Agreement and, except as explicitly provided herein, such amounts shall not be reduced whether or not Executive obtains other employment. 
 10. Certain Additional Payments by the Company. 
 (a) Notwithstanding any
other contrary provisions in any plan, program or policy of the Company, if all or any portion of the benefits payable under this Agreement, either alone or together with other payments and benefits which Executive receives or is entitled to receive
from the Company, would constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), the Company shall reduce the Executive’s payments and benefits
payable under this Agreement to the extent necessary so that no portion thereof shall be subject to the excise tax imposed by Section 4999 of the Code, but only if, by reason of such reduction, the net after-tax benefit shall exceed the net
after-tax benefit if such reduction were not made. “Net after-tax benefit” for these purposes shall mean the sum of (i) the total amount payable to Executive under the Agreement, plus (ii) all other payments and benefits which
Executive receives or is then entitled to receive from the Company that, alone or in combination with the payments and benefits payable under the Agreement, would constitute a “parachute payment” within the meaning of Section 280G of
the Code (each such benefit hereinafter referred to as an “Additional Parachute Payment”), less (iii) the amount of federal income taxes payable with respect to the foregoing calculated at the maximum marginal income tax rate for each
year in which the foregoing shall be paid to Executive (based upon the rate in effect for such year as set forth in the Code at the time of the payment under the Agreement), less (iv) the amount of excise taxes imposed with respect to the
payments and benefits described in (i) and (ii) above by Section 4999 of the Code. The parachute payments reduced shall be those that provide Executive the best economic benefit and to the extent any parachute payments are
economically equivalent with each other, each shall be reduced pro rata; provided, however, that the Executive may elect to have the non-cash payments and benefits due the Executive reduced (or eliminated) prior to any reduction of the cash payments
due under this Agreement. 
 (b) All determinations required to be made under this Section 10 shall be made by the
accounting firm that was the Company’s independent auditor prior to the Change of 

  
 10 

 
Control or any other third party acceptable to Executive and the Company (the “Accounting Firm”). The Accounting Firm shall provide detailed supporting calculations both to the Company
and Executive. All fees and expenses of the Accounting Firm shall be borne solely by the Company as set forth in Section 11(b) hereof. Absent manifest error, any determination by the Accounting Firm shall be binding upon the Company and
Executive. 
 (c) For purposes of determining whether and the extent to which any payments would constitute a “parachute
payment” (i) no portion of any payments or benefits that the Executive shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of Section 280G(b) of the Code shall be taken into
account, (ii) no portion of the payments shall be taken into account which, in the opinion of tax counsel (“Tax Counsel”) reasonably acceptable to the Executive and selected by the Accounting Firm, does not constitute a
“parachute payment” within the meaning of Section 280G(b)(2) of the Code (including by reason of Section 280G(b)(4)(A) of the Code) and, in calculating the excise tax, no portion of such payments shall be taken into account
which, in the opinion of Tax Counsel, constitutes reasonable compensation for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code, in excess of the “base amount” (within the meaning set forth in
Section 280G(b)(3) of the Code) allocable to such reasonable compensation, and (iii) the value of any non-cash benefit or any deferred payment or benefit included in the payments shall be determined by the Accounting Firm in accordance
with the principles of Sections 280G(d)(3) and (4) of the Code. 
 11. Costs of Enforcement. 

(a) In any action taken in good faith relating to the enforcement of this Agreement or any provision herein, Executive shall be entitled
to reimbursement for any and all costs and expenses incurred by him in enforcing or establishing his rights thereunder, including, without limitation, reasonable attorneys’ fees, whether suit be brought or not, and whether or not incurred in
arbitration, trial, bankruptcy or appellate proceedings, but only if and to the extent Executive is successful in asserting such rights. If Executive becomes entitled to recover fees and expenses under this Section 11(a), the reimbursement of
an eligible expense shall be made within ten (10) business days after delivery of Executive’s respective written requests for payment accompanied with such evidence of fees and expenses incurred as the Company reasonably may require, but
in no event later than March 15th of the year after the year in which such rights are established. 
 (b) Executive shall
also be entitled to be paid all reasonable legal fees and expenses, if any, incurred in connection with any tax audit or proceeding to the extent attributable to the application of Section 4999 of the Internal Revenue Code to any payment or
benefit hereunder. Such reimbursement of expenses shall be made on a current basis, as incurred, and in no event later than December 31st of the year following the calendar year in which the taxes that are the subject of the audit or proceeding
are remitted to the taxing authority, or where as a result of such audit or proceeding no taxes are remitted, December 31st of the year following the calendar year in which the audit is completed or there is a final and nonappealable settlement
or other resolution of the proceeding. 
 12. [Intentionally Omitted] 

  
 11 

 13. Restrictions on Conduct of Executive. 

(a) General. Executive and the Company understand and agree that the purpose of the provisions of this Section 13 is to
protect legitimate business interests of the Company, as more fully described below, and is not intended to impair or infringe upon Executive’s right to work, earn a living, or acquire and possess property from the fruits of his labor.
Executive hereby acknowledges that Executive has received good and valuable consideration for the post-employment restrictions set forth in this Section 13 in the form of the compensation and benefits provided for herein. Executive hereby
further acknowledges that the post-employment restrictions set forth in this Section 13 are reasonable and that they do not, and will not, unduly impair his ability to earn a living after the termination of this Agreement. 

In addition, the Parties acknowledge: (A) that Executive’s services under this Agreement require unique expertise and talent in
the provision of Competitive Services and that Executive will have substantial contacts with customers, suppliers, advertisers and vendors of the Company; (B) that pursuant to this Agreement, Executive will be placed in a position of trust and
responsibility and he will have access to a substantial amount of Confidential Information and Trade Secrets and that the Company is placing him in such position and giving him access to such information in reliance upon his agreement to abide by
the covenants set forth in this Section 13; (C) that due to Executive’s unique experience and talent, the loss of Executive’s services to the Company under this Agreement cannot reasonably or adequately be compensated solely by
damages in an action at law; (D) that Executive is capable of competing with the Company; and (E) that Executive is capable of obtaining gainful, lucrative and desirable employment that does not violate the restrictions contained in this
Agreement. 
 Therefore, Executive shall be subject to the restrictions set forth in this Section 13. 

(b) Definitions. The following capitalized terms used in this Section 13 shall have the meanings assigned to them below,
which definitions shall apply to both the singular and the plural forms of such terms: 
 “Competitive
Services” means the business of providing post-acute healthcare services to patients through home nursing agencies, hospices, and long-term acute care hospitals. 
 “Confidential Information” means all information regarding the Company, its activities, business or clients that is the subject of reasonable efforts by the Company to maintain its
confidentiality and that is not generally disclosed by practice or authority to persons not employed by the Company, but that does not rise to the level of a Trade Secret. “Confidential Information” shall include, but is not limited to,
financial plans and data concerning the Company; management planning information; business plans; operational methods; market studies; marketing plans or strategies; product development techniques or plans; customer lists; customer files, data and
financial information, details of customer contracts; current and anticipated customer requirements; identifying and other information pertaining to business referral sources; past, current and planned research and development; business acquisition
plans; and new personnel acquisition plans. “Confidential Information” 

  
 12 

 
shall not include information that has become generally available to the public by the act of one who has the right to disclose such information without violating any right or privilege of the
Company. This definition shall not limit any definition of “confidential information” or any equivalent term under state or federal law. 
 “Determination Date” means the date of termination of Executive’s employment with the Company for any reason whatsoever or any earlier date (during the Term) of an alleged breach of
the Restrictive Covenants by Executive. 
 “Person” means any individual or any corporation, partnership,
joint venture, limited liability company, association or other entity or enterprise. 
 “Principal or
Representative” means a principal, owner, partner, stockholder, joint venturer, investor, member, trustee, director, officer, manager, employee, agent, representative or consultant. 

“Protected Customers” means any Person to whom the Company has sold its products or services or solicited to sell its
products or services, other than through general advertising targeted at consumers, during the twelve (12) months prior to the Determination Date. 
 “Protected Employees” means employees of the Company who were employed by the Company or its affiliates at any time within six (6) months prior to the Determination Date, other than
those who were discharged by the Company or such affiliated employer without cause. 
 “Restricted Period”
means the Term, and if Executive’s employment is terminated for any reason during the Term or if Executive has given notice to the Company under Section 2 to cause the Term to cease to extend automatically, the Restricted Period shall mean
the Term plus twenty-four (24) months (or the Term plus six (6) months if Executive’s termination occurs within two (2) years after the occurrence of a Change of Control); provided, however, that the Restricted Period shall end
with respect to the covenants in clauses (ii), (iii) and (iv) of Section 13(c) on the sixtieth (60th) day after the Date of Termination in the event the Company breaches its obligation, if any, to make any payment required under
Section 7(a)(i). 
 “Restricted Territory” means the geographical territories described on Exhibit
B hereto. The Company and Executive agree that Exhibit B shall be periodically reviewed and updated as necessary to maintain a current and complete description of the geographic territories in which the Company does business. 

“Restrictive Covenants” means the restrictive covenants contained in Section 13(c) hereof. 

“Third Party Information” means confidential or proprietary information subject to a duty on the Company’s and its
affiliates’ part to maintain the confidentiality of such information and to use it only for certain limited purposes. 

  
 13 

 “Trade Secret” means all information, without regard to form, including,
but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, distribution lists or a list of actual or
potential customers, advertisers or suppliers which is not commonly known by or available to the public and which information: (A) derives economic value, actual or potential, from not being generally known to, and not being readily
ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and (B) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. Without limiting the foregoing,
Trade Secret means any item of confidential information that constitutes a “trade secret(s)” under the common law or statutory law of the State of Louisiana. 
 “Work Product” means all inventions, innovations, improvements, developments, methods, processes, programs, designs, analyses, drawings, reports, and all similar or related information
(whether or not patentable) that relate to the Company’s or its affiliates’ actual or anticipated business, research and development, or existing or future products or services and that are conceived, developed, contributed to, made, or
reduced to practice by Executive (either solely or jointly with others) while employed by the Company or its affiliates. 
 (c)
Restrictive Covenants. 
 (i) Restriction on Disclosure and Use of Confidential Information and Trade Secrets.
Executive understands and agrees that the Confidential Information and Trade Secrets constitute valuable assets of the Company and its affiliated entities, and may not be converted to Executive’s own use. Accordingly, Executive hereby agrees
that Executive shall not, directly or indirectly, at any time during the Restricted Period reveal, divulge, or disclose to any Person not expressly authorized by the Company any Confidential Information, and Executive shall not, directly or
indirectly, at any time during the Restricted Period use or make use of any Confidential Information in connection with any business activity other than that of the Company. Throughout the Term and at all times after the date that this Agreement
terminates for any reason, Executive shall not directly or indirectly transmit or disclose any Trade Secret of the Company to any Person, and shall not make use of any such Trade Secret, directly or indirectly, for himself or for others, without the
prior written consent of the Company. The Parties acknowledge and agree that this Agreement is not intended to, and does not, alter either the Company’s rights or Executive’s obligations under any state or federal statutory or common law
regarding trade secrets and unfair trade practices. 
 Anything herein to the contrary notwithstanding, Executive shall not be
restricted from disclosing or using Confidential Information or any Trade Secret that is required to be disclosed by law, court order or other legal process; provided, however, that in the event disclosure is required by law, Executive shall provide
the Company with prompt notice of such requirement so that the Company may seek an appropriate protective order prior to any such required disclosure by Executive. 
 Executive acknowledges that any and all Confidential Information is the exclusive property of the Company and agrees to deliver to the Company on the Date of Termination, or at any other time the Company
may request in writing, any and all Confidential 

  
 14 

 
Information which he may then possess or have under his control in whatever form same may exist, including, but not by way of limitation, hard copy files, soft copy files, computer disks, and all
copies thereof. 
 (ii) Nonsolicitation of Protected Employees. Executive understands and agrees that the relationship
between the Company and each of its Protected Employees constitutes a valuable asset of the Company and may not be converted to Executive’s own use. Accordingly, Executive hereby agrees that during the Restricted Period, Executive shall not
directly or indirectly on Executive’s own behalf or as a Principal or Representative of any Person or otherwise solicit or induce any Protected Employee to terminate his employment relationship with the Company or to enter into employment with
any other Person. 
 (iii) Restriction on Relationships with Protected Customers. Executive understands and agrees that
the relationship between the Company and each of its Protected Customers constitutes a valuable asset of the Company and may not be converted to Executive’s own use. Accordingly, Executive hereby agrees that, during the Restricted Period and in
the Restricted Territory, Executive shall not, without the prior written consent of the Company, directly or indirectly, on Executive’s own behalf or as a Principal or Representative of any Person, solicit, divert, take away or attempt to
solicit, divert or take away a Protected Customer for the purpose of providing or selling Competitive Services; provided, however, that the prohibition of this covenant shall apply only to Protected Customers with whom Executive had Material Contact
on the Company’s behalf during the twelve (12) months immediately preceding the Date of Termination; and, provided further, that the prohibition of this covenant shall not apply to the conduct of general advertising activities. For
purposes of this Agreement, Executive had “Material Contact” with a Protected Customer if (a) he had business dealings with the Protected Customer on the Company’s behalf; (b) he was responsible for supervising or
coordinating the dealings between the Company and the Protected Customer; or (c) he obtained Trade Secrets or Confidential Information about the customer as a result of his association with the Company. 

(iv) Noncompetition with the Company. In consideration of the compensation and benefits being paid and to be paid by the Company
to Executive hereunder, Executive understands and agrees that, during the Restricted Period and within the Restricted Territory, he shall not, directly or indirectly, carry on or engage in Competitive Services on his own or on behalf of any Person,
or any Principal or Representative of any Person; provided, however, that the provisions of this Agreement shall not be deemed to prohibit the ownership by Executive of any securities of the Company or its affiliated entities or not more than five
percent (5%) of any class of securities of any corporation having a class of securities registered pursuant to the Exchange Act. Executive acknowledges that the Restricted Territory is reasonable because the Company carries on and engages in
Competitive Services throughout the Restricted Territory and that in the performance of his duties for the Company he is charged with operating on the Company’s behalf throughout the Restricted Territory. 

(v) Ownership of Work Product. Executive acknowledges that the Work Product belongs to the Company or its affiliates and
Executive hereby assigns, and agrees to assign, all of the Work Product to the Company or its affiliates. Any copyrightable work prepared in whole or in part by Executive in the course of his work for any of the foregoing

  
 15 

 
entities shall be deemed a “work made for hire” under the copyright laws, and the Company or such affiliate shall own all rights therein. To the extent that any such copyrightable work
is not a “work made for hire,” Executive hereby assigns and agrees to assign to the Company or such affiliate all right, title, and interest, including without limitation, copyright in and to such copyrightable work. Executive shall
promptly disclose such Work Product and copyrightable work to the Chief Operating Officer and perform all actions reasonably requested by the Board (whether during or after the Term) to establish and confirm the Company’s or such
affiliate’s ownership (including, without limitation, assignments, consents, powers of attorney, and other instruments). 

(vi) Third Party Information. Executive understands that the Company and its affiliates will receive Third Party Information.
During the Term and thereafter, and without in any way limiting the provisions of Section 13(c)(i) above, Executive will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than personnel of the
Company or its affiliates who need to know such information in connection with their work for the Company or its affiliates) or use, except in connection with his work for the Company or its affiliates, Third Party Information unless expressly
authorized by the Chief Operating Officer or General Counsel in writing. 
 (vii) Use of Information of Prior Employers.
During the Term, Executive will not improperly use or disclose any confidential information or trade secrets, if any, of any former employers or any other person to whom Executive has an obligation of confidentiality, and will not bring onto the
premises of the Company or any of its affiliates any unpublished documents or any property belonging to any former employer or any other person to whom Executive has an obligation of confidentiality unless consented to by in writing the former
employer or person. Executive will use in the performance of his duties only information which is: (i) generally known and used by persons with training and experience comparable to Executive’s and which is: (x) common knowledge in
the industry, or (y) is otherwise legally in the public domain,; (ii) is otherwise provided or developed by the Company or its affiliates; or (iii) in the case of materials, property or information belonging to any former employer or
other person to whom Executive has an obligation of confidentiality, approved for such use in writing by such former employer or person. 
 (d) Enforcement of Restrictive Covenants. 
 (i) Rights and Remedies
Upon Breach. In the event Executive breaches, or threatens to commit a breach of, any of the provisions of the Restrictive Covenants, the Company shall have the right and remedy to enjoin, preliminarily and permanently, Executive from violating
or threatening to violate the Restrictive Covenants and to have the Restrictive Covenants specifically enforced by any court or tribunal of competent jurisdiction, it being agreed that any breach or threatened breach of the Restrictive Covenants
would cause irreparable injury to the Company and that money damages would not provide an adequate remedy to the Company. Such right and remedy shall be independent of any others and severally enforceable, and shall be in addition to, and not in
lieu of, any other rights and remedies available to the Company at law or in equity. 

  
 16 

 (ii) Severability of Covenants. Executive acknowledges and agrees that the
Restrictive Covenants are reasonable and valid in time and scope and in all other respects. The covenants set forth in this Agreement shall be considered and construed as separate and independent covenants. Should any part or provision of any
covenant be held invalid, void or unenforceable, such invalidity, voidness or unenforceability shall not render invalid, void or unenforceable any other part or provision of this Agreement. If any portion of the foregoing provisions is found to be
invalid or unenforceable because its duration, the territory, the definition of activities or the definition of information covered is considered to be invalid or unreasonable in scope, the invalid or unreasonable term shall be redefined, or a new
enforceable term provided, such that the intent of the Company and Executive in agreeing to the provisions of this Agreement will not be impaired and the provision in question shall be enforceable to the fullest extent of the applicable laws.

 (iii) Reformation. The Parties hereunder agree that it is their intention that the Restrictive Covenants be enforced
in accordance with their terms to the maximum extent possible under applicable law. The Parties further agree that, in the event any tribunal of competent jurisdiction shall find that any provision hereof is not enforceable in accordance with its
terms, the tribunal shall reform the Restrictive Covenants such that they shall be enforceable to the maximum extent permissible at law. 
 14. Consent to Jurisdiction. The Company and Executive irrevocably consent to the exclusive jurisdiction and venue of the 15th Judicial District Court in Lafayette, Louisiana, in any judicial
proceeding brought to enforce this Agreement. The Parties agree that any forum is an inconvenient forum and that a lawsuit (or non-compulsory counterclaim) brought by one Party against another Party, in a court of any jurisdiction other than the
15th Judicial District Court in Lafayette, Louisiana should be forthwith dismissed or transferred to 15th Judicial District Court in Lafayette, Louisiana. 
 15. Assignment and Successors. 
 (a) This Agreement is personal to
Executive and without the prior written consent of the Company shall not be assignable by Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by Executive’s
legal representatives. 
 (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors
and assigns. 
 (c) The Company will require any Surviving Entity resulting from a Reorganization, Sale or Acquisition (if other
than the Company) to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no Reorganization, Sale or Acquisition had taken place. As used in this
Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. 

16. Miscellaneous. 

  
 17 

 (a) Waiver. Failure of either Party to insist, in one or more instances, on
performance by the other in strict accordance with the terms and conditions of this Agreement shall not be deemed a waiver or relinquishment of any right granted in this Agreement or of the future performance of any such term or condition or of any
other term or condition of this Agreement, unless such waiver is contained in a writing signed by the Party making the waiver. 

(b) Severability. If any provision or covenant, or any part thereof, of this Agreement should be held by any tribunal of competent
jurisdiction to be invalid, illegal or unenforceable, either in whole or in part, such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of the remaining provisions or covenants, or any part
thereof, of this Agreement, all of which shall remain in full force and effect. 
 (c) Other Agents. Nothing in this
Agreement is to be interpreted as limiting the Company from employing other personnel on such terms and conditions as may be satisfactory to it, except that this Section 16(c) shall not override the provision of Section 6(d)(i).

 (d) Entire Agreement. Except as provided herein, this Agreement contains the entire agreement between the Company and
Executive with respect to the subject matter hereof and, from and after the Effective Date, this Agreement shall supersede any other agreement between the Parties with respect to the subject matter hereof, including without limitation, the Prior
Agreement. 
 (e) Governing Law. Except to the extent preempted by federal law, and without regard to conflict of laws
principles, the laws of the State of Louisiana shall govern this Agreement in all respects, whether as to its validity, construction, capacity, performance or otherwise. 
 (f) Notices. All notices, requests, demands and other communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given if delivered or three days after
mailing if mailed, first class, certified mail, postage prepaid: 
  

			
	To the Company:	  	LHC Group, Inc.
		  	Suite A
		  	420 W. Pinhook Road
		  	Lafayette, LA 70503
		  	Attention: General Counsel
		
	To Executive:	  	Daryl Doise

 Any Party may change the address
to which notices, requests, demands and other communications shall be delivered or mailed by giving notice thereof to the other Party in the same manner provided herein. 

  
 18 

 (g) Amendments and Modifications. This Agreement may be amended or modified only by a
writing signed by both Parties hereto, which makes specific reference to this Agreement. 
 (h) Construction. Each Party
and his or its counsel have reviewed this Agreement and have been provided the opportunity to revise this Agreement and accordingly, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting Party
shall not be employed in the interpretation of this Agreement. Instead, the language of all parts of this Agreement shall be construed as a whole, and according to its fair meaning, and not strictly for or against either Party. 

(i) Code Section 409A. Notwithstanding anything in this Agreement to the contrary, if any amount or benefit that would
constitute non-exempt “deferred compensation” for purposes of Section 409A of the Code would otherwise be payable or distributable under this Agreement by reason of Executive’s separation from service during a period in which he
is a Specified Employee (as defined below), then, subject to any permissible acceleration of payment by the Company under Treas. Reg. Section 1.409A-3(j)(4)(ii) (domestic relations order), (j)(4)(iii) (conflicts of interest), or (j)(4)(vi)
(payment of employment taxes): 
 (i) if the payment or distribution is payable in a lump sum, Executive’s right to
receive payment or distribution of such non-exempt deferred compensation will be delayed until the earlier of Executive’s death or the first day of the seventh month following Executive’s separation from service; and 

(ii) if the payment or distribution is payable over time, the amount of such non-exempt deferred compensation that would otherwise be
payable during the six(6)-month period immediately following Executive’s separation from service will be accumulated and Executive’s right to receive payment or distribution of such accumulated amount will be delayed until the earlier of
Executive’s death or the first day of the seventh (7th) month following Executive’s separation from service, whereupon the accumulated amount will be paid or distributed to Executive and the normal payment or distribution schedule for
any remaining payments or distributions will resume. 
 For purposes of this Agreement, the term “Specified Employee”
has the meaning given such term in Code Section 409A and the final regulations thereunder (“Final 409A Regulations”), provided, however, that, as permitted in the Final 409A Regulations, the Company’s Specified Employees and its
application of the six-month delay rule of Code Section 409A(a)(2)(B)(i) shall be determined in accordance with rules adopted by the Board of Directors or a committee thereof, which shall be applied consistently with respect to all nonqualified
deferred compensation arrangements of the Company, including this Agreement. 
 (j) Withholding. The Company or its
subsidiaries, if applicable, shall be entitled to deduct or withhold from any amounts owing from the Company or any such affiliate to Executive any federal, state, local or foreign withholding taxes, excise taxes, or employment taxes
(“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its affiliates. In the event the Company or its affiliates do not make such 

  
 19 

 
deductions or withholdings, Executive shall indemnify the Company and its affiliates for any amounts paid with respect to any such Taxes. 

[Signatures follow on next page.] 

  
 20 

 IN WITNESS WHEREOF, the Parties hereto have duly executed and delivered this
Agreement as of the date first above written. 
  

			
	LHC GROUP, INC.:
		
	By:	 	 
		 	 Donald D. Stelly
 President and Chief Operating Officer

  

	
	EXECUTIVE:
	
	  
	Daryl Doise

  
 21 

 EXHIBIT A 
 Form of Release 
 THIS RELEASE (“Release”) is
granted effective as of the              day of             , 20    , by
            (“Executive”) in favor of LHC Group, Inc. (the “Company”). This is the Release referred to that certain Employment Agreement effective as of
            , 20     by and between the Company and Executive (the “Employment Agreement”), with respect to which this Release is an integral part. 

FOR AND IN CONSIDERATION OF the payments and benefits provided by Section 8 of the Employment Agreement and the
Company’s other promises and covenants as recited in the Employment Agreement, the receipt and sufficiency of which are hereby acknowledged, Executive, for himself, his successors and assigns, now and forever hereby releases and discharges the
Company and all its past and present officers, directors, stockholders, employees, agents, parent corporations, predecessors, subsidiaries, affiliates, estates, successors, assigns, benefit plans, consultants, administrators, and attorneys
(hereinafter collectively referred to as “Releasees”) from any and all claims, charges, actions, causes of action, sums of money due, suits, debts, covenants, contracts, agreements, promises, demands or liabilities (hereinafter
collectively referred to as “Claims”) whatsoever, in law or in equity, whether known or unknown, which Executive ever had or now has from the beginning of time up to the date this Release (“Release”) is executed, including, but
not limited to, claims under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, Title VII of the Civil Rights Act of 1964 (and all of its amendments), the Americans with Disabilities Act, as amended, or
any other federal or state statutes, all tort claims, all claims for wrongful employment termination or breach of contract, and any other claims which Executive has, had, or may have against the Releasees on account of or arising out of
Executive’s employment with or termination from the Company; provided, however, that nothing contained in this Release shall in any way diminish or impair (i) any rights of Executive to the benefits conferred or referenced in the
Employment Agreement or Executive’s Retention Bonus Agreement with the Company, (ii) any rights to indemnification that may exist from time to time under the Company’s bylaws, certificate of incorporation, Louisiana law or otherwise,
or (iii) Executive’s ability to raise an affirmative defense in connection with any lawsuit or other legal claim or charge instituted or asserted by the Company against Executive. 

Without limiting the generality of the foregoing, Executive hereby acknowledges and covenants that in consideration for the sums being
paid to him he has knowingly waived any right or opportunity to assert any claim that is in any way connected with any employment relationship or the termination of any employment relationship which existed between the Company and Executive.
Executive further understands and agrees that he has knowingly relinquished, waived and forever released any and all remedies arising out of the aforesaid employment relationship or the termination thereof, including, without limitation, claims for
backpay, front pay, liquidated damages, compensatory damages, general damages, special damages, punitive damages, exemplary damages, costs, expenses and attorneys’ fees. Nothing in this Release shall constitute a waiver of Executive’s
right to file an administrative charge with the Equal Employment Opportunity Commission or other government agency authorized to handle administrative employment claims, but Executive shall not receive or accept, and waives

  
 A-1

 
his right to, any monetary relief or remedies obtained on his behalf by any agency, organization, or other person. 
 Executive specifically acknowledges and agrees that he has knowingly and voluntarily released the Company and all other Releasees from any and all claims arising under the Age Discrimination in Employment
Act (“ADEA”), 29 U.S.C. § 621, et seq., which Executive ever had or now has from the beginning of time up to the date this Release is executed, including but not limited to those claims which are in any way connected with any
employment relationship or the termination of any employment relationship which existed between the Company and Executive. Executive further acknowledges and agrees that he has been advised to consult with an attorney prior to executing this Release
and that he has been given twenty one (21) days to consider this Release prior to its execution. Executive also understands that he may revoke this Release at any time within seven (7) days following its execution. Executive understands,
however, that this Release shall not become effective and that none of the consideration described above shall be paid to him until the expiration of the seven day revocation period. 

Executive agrees never to seek reemployment or future employment with the Company or any of the other Releasees. 

Executive acknowledges that the terms of this Release must be kept confidential. Accordingly, Executive agrees not to disclose or publish
to any person or entity, except as required by law or as necessary to prepare tax returns, the terms and conditions or sums being paid in connection with this Release. 
 It is understood and agreed by Executive that the payment made to him is not to be construed as an admission of any liability whatsoever on the part of the Company or any of the other Releasees, by whom
liability is expressly denied. 
 This Release is executed by Executive voluntarily and is not based upon any representations or
statements of any kind made by the Company or any of the other Releasees as to the merits, legal liabilities or value of his claims. Executive further acknowledges that he has had a full and reasonable opportunity to consider this Release and that
he has not been pressured or in any way coerced into executing this Release. 
 Executive acknowledges and agrees that this
Release may not be revoked at any time after the expiration of the seven-day revocation period and that he will not institute any suit, action, or proceeding, whether at law or equity, challenging the enforceability of this Release. Executive
further acknowledges and agrees that, with the exception of an action to challenge his waiver of claims under the ADEA, he shall not ever attempt to challenge the terms of this Release, attempt to obtain an order declaring this Release to be null
and void, or institute litigation against the Company or any other Releasee based upon a claim which is covered by the terms of the release contained herein, without first repaying all monies paid to him under Section 8 of the Employment
Agreement. Furthermore, with the exception of an action to challenge his waiver of claims under the ADEA, if Executive does not prevail in an action to challenge this Release, to obtain an order declaring this Release to be null and void, or in any
action against the Company or any other Releasee based upon a claim which is covered by the release set forth 

  
 A-2

 
herein, Executive shall pay to the Company and/or the appropriate Releasee all their costs and attorneys’ fees incurred in their defense of Executive’s action. 

This Release and the rights and obligations of the Parties hereto shall be governed and construed in accordance with the laws of the
State of Louisiana. If any provision hereof is unenforceable or is held to be unenforceable, such provision shall be fully severable, and this document and its terms shall be construed and enforced as if such unenforceable provision had never
comprised a part hereof, the remaining provisions hereof shall remain in full force and effect, and the court construing the provisions shall add as a part hereof a provision as similar in terms and effect to such unenforceable provision as may be
enforceable, in lieu of the unenforceable provision. 
 This document contains all terms of the Release and supersedes and
invalidates any previous agreements or contracts. No representations, inducements, promises or agreements, oral or otherwise, which are not embodied herein shall be of any force or effect. 

IN WITNESS WHEREOF, the undersigned acknowledges that he has read these three pages and he sets his hand and seal this
             day of             , 20    . 

 

	
	
	
	  
	

 Sworn to and subscribed before me 
 this             day of             , 20    . 

 

	
	
	  
	Notary Public

 My Commission
Expires: 

	
	
	  

  
 A-3

 EXHIBIT B 
 Restricted Territory 
 The Restricted Territory shall include the following counties
and parishes in the states where the Company and its subsidiaries and affiliates conduct business: 
 ALABAMA 

Baldwin, Barbour, Bibb, Blount, Butler, Choctaw, Clarke, Clay, Cleburne, Chambers, Colbert, Coffee, Conecuh, Coosa, Covington, Crenshaw, Cullman, Dale,
DeKalb, Escambia, Etowah, Fayette, Franklin, Geneva, Henry, Houston, Jackson, Jefferson, Lamar, Lauderdale, Lawrence, Lee, Limestone, Macon, Madison, Marengo, Marion, Marshall, Mobile, Monroe, Morgan, Pickens, Pike, Randolph, Russell, Shelby, St.
Clair, Talledega, Tallapoosa, Tuscaloosa, Walker, Washington, Wilcox, Winston, 
 ARKANSAS 

Carroll, Benton, Madison, Boone, Washington, Crawford, Johnson, Newton, Marion, St. Francis, Lee, Woodruff, Monroe, Cross, Crittenden, Mississippi,
Poinsett, White, Prairie, Arkansas, Phillips, Polk, Scott, Montgomery, Logan, Franklin, Sebastian, Hot Spring, Clark, Hempstead, Pike, Howard, Sevier, Garland, Saline, Montgomery, Perry, Hempstead, Nevada, Dallas, Grant, Pulaski, Faulkner, Conway,
Pope, Yell, Scott, Dallas, Cleveland, Calhoun, Bradley, Ouachita, Saline, Columbia, Union, Ashley, Drew, Lincoln, Jefferson, Fulton, Izard, Baxter, Sharp, Marion, Searcy, Stone, Cleburne, Independence, Lawrence, Randolph, Jackson 

FLORIDA 
 Alachua, Bradford, Charlotte,
Citrus, Collier, Columbia, DeSoto, Dixie, Gilchrist, Glades, Hamilton, Hardee, Hendry, Hernando, Highlands, Hillsborough, Lafayette, Lake, Lee, Levy, Manatee, Marion, Monroe, Polk, Putnam, Sarasota, Sumter, Suwannee, Union 

GEORGIA 
 Bartow, Catoosa, Chattooga,
Dade, Floyd, Gordon, Haralson, Harris, Murray, Muscogee, Paulding, Pickens, Polk, Troup, Walker, Whitfield 
 KENTUCKY 

Allen, Anderson, Butler, Caldwell, Casey, Christian, Clinton, Crittenden, Cumberland, Daviess, Edmonson, Fayette, Fulton, Green, Hart, Henderson, Hickman,
Jessamine, Lincoln, Livingston, Logan, Lyon, McCreary, Pulaski, Russell, Simpson, Taylor, Todd, Trigg, Union, Warren, Wayne, Webster, Woodford 

LOUISIANA 
 Acadia, Allen, Ascension,
Assumption, Avoyelles, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concordia, De Soto, East Baton Rouge, East Carroll, East Feliciana, Evangeline, Franklin, Grant, Iberia, Iberville, Jackson, Jefferson
Davis, Jefferson, La Salle, Lafayette, Lafourche, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Orleans, Ouachita, Plaquemines, Pointe Coupee, Rapides, Red River, Richland, Sabine, St. Bernard, St. Charles, St. Helena, St. Bernard, St.
Charles, St. James, St. John the Baptist, St. Landry, St. Martin, St. Mary, St. Tammany, Tangipahoa, Tensas, Terrebonne, Union, 

  
 B-1

 
Vermilion, Vernon, Washington, Webster, West Baton Rouge, West Carroll, West Feliciana, Winn 
 MARYLAND 
 Anne Arundel, Baltimore, Calvert, Caroline, Carroll, Charles, Dorchester,
Frederick, Harford, Howard, Montgomery, Prince George’s, Queen Anne’s, St. Mary’s, Talbot, Washington, Wicomico and Worcester. Also the jurisdiction of Baltimore City. 
 MISSISSIPPI 
 Attala, Calhoun, Carroll, Chickasaw, Choctaw, Claiborne, Clarke, Clay, Copiah,
Covington, Forrest, George, Greene, Grenada, Hancock, Harrison, Hinds, Issaquena, Jasper, Jefferson, Jones, Kemper, Lamar, Leake, Lowndes, Madison, Marion, Montgomery, Neshoba, Noxubee, Oktibbeha, Pearl River, Perry, Rankin, Scott, Sharkey, Simpson,
Smith, Stone, Walthall, Warren, Wayne, Webster, Winston, Yazoo 
 MISSOURI 
 Barry, Barton, Cedar, Christian, Dade, Dallas, Douglas, Greene, Hickory, Jasper, Lawrence, Laclede, McDonald, Newton, Ozark, Polk, Stone, Taney, Webster, Wright 

NORTH CAROLINA 
 Bladen, Cumberland,
Harnett, Hoke, Lee, Moore, Robeson, Sampson 
 OHIO 
 Adams, Athens, Belmont, Coshocton, Fairfield, Franklin, Gallia, Guernsey, Harrison, Highland, Hocking, Jackson, Jefferson, Lawrence, Licking, Meigs, Monroe, Morgan, Muskingum, Noble, Perry, Pickaway,
Pike, Ross, Scioto, Tuscarawas, Vinton, Washington 
 OKLAHOMA 
 Adair, Atoka, Bryan, Carter, Cherokee, Choctaw, Cleveland, Coal, Craig, Creek, Delaware, Garvin, Haskell, Hughes, Johnston, Kay, Latimer, Le Flore, Lincoln, Logan, Love, Marshall, Mayes, McClain,
McCurtain, McIntosh, Murray, Muskogee, Noble, Nowata, Okfuskee, Oklahoma, Okmulgee, Osage, Ottawa, Pawnee, Payne, Pittsburg, Pontotoc, Pottawatomie, Pushmataha, Rogers, Seminole, Sequoyah, Tulsa, Wagoner, Washington 

OREGON 
 Douglas, Benton, Clackamas,
Jackson, Josephine, Linn, Marion, Polk, Yamhill 
 TENNESSEE 
 Anderson, Benton, Bledsoe, Blount, Bradley, Campbell, Carroll, Cheatham, Chester, Claiborne, Cocke, Crockett, Davidson, Decatur, Dyer, Fayette, Fentress, Gibson, Grainger, Greene, Grundy, Hamblen,
Hamilton, Hancock, Hardeman, Hardin, Hawkins, Haywood, Henderson, Henry, Jefferson, Knox, Lake, Lauderdale, Loudon, Madison, Marion, McMinn, McNairy, Meigs, Monroe, Montgomery, Morgan, Obion, Perry, Pickett, Polk, Rhea, Roane, Robertson, Scott,
Sequatchie, Sevier, Shelby, Sumner, Tipton, Union, Wayne, Weakley 
 TEXAS 
 Anderson, Andrews, Angelina, Armstrong, Atascosa, Bandera, Bastrop, Bexar, Blanco, Borden, Bowie, Briscoe, Burnett, Caldwell, Camp, Carson, Cass, Castro, Cherokee, Collin, Comal,

  
 B-2

 
Crane, Crosby, Dawson, Deaf Smith, Delta, Dimmit, Donley, Ector, Edwards, Fannin, Floyd, Franklin, Frio, Garza, Gillespie, Glasscock, Gonzales, Gray, Grayson, Gregg, Guadalupe, Hale, Hall,
Hardin, Harrison, Hartley, Hays, Henderson, Hockley, Hopkins, Howard, Hunt, Hutchinson, Jefferson, Kaufman, Kendall, Kerr, Kinney, Lamar, Lamb, LaSalle, Llano, Liberty, Lubbock, Lynn, Marion, Martin, Maverick, Medina, Midland, Moore, Morris,
Nacogdoches, Oldham, Orange, Panola, Polk, Potter, Rains, Randall, Reagan, Real, Red River, Rusk, San Jacinto, Shelby, Smith, Swisher, Terry, Titus, Travis, Tyler, Upshur, Upton, Uvalde, Val Verde, Van Zandt, Williamson, Wilson, Winkler, Wood,
Zavala 
 VIRGINIA 
 Bland,
Carroll, Floyd, Giles, Montgomery, Pulaski, Wayne 
 WASHINGTON 
 Adams, Clallum, Cowlitz, Grant, Grays Harbor, Jefferson, Lewis, Lincoln, Mason, Pacific, Thurston, Wahkiakum 
 WEST VIRGINIA 
 Barbour, Boone, Calhoun, Doddridge, Fayette, Gilmer, Grant, Greenbrier,
Hardy, Jackson, Kanawha, Lincoln, Logan, Marion, Marshall, Mason, McDowell, Mercer, Mingo, Monongalia, Monroe, Nicholas, Ohio, Pendleton, Pleasants, Preston, Pocahontas, Putnam, Raleigh, Ritchie, Roane, Summers, Taylor, Tucker, Tyler, Wetzel, Wirt,
Wood, Wyoming 

  
 B-3China Green Energy Industries, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

China Green Energy Industries, Inc. 
INDEPENDENT
DIRECTOR’S CONTRACT 

THIS AGREEMENT (this “Agreement”) is made as of the 6th
day of January, 2011 and is by and between China Green Energy Industries, Inc.,
a Nevada corporation (hereinafter referred to as the “Company”) and
Jinrong Shen (hereinafter referred to as the “Director”). 

BACKGROUND 

The Board of Directors of the Company desires to appoint the
Director to fill an existing vacancy and to have the Director perform the duties
of an independent director and the Director desires to be so appointed for such
position and to perform the duties required of such position in accordance with
the terms and conditions of this Agreement. 

AGREEMENT 

In consideration for the above recited promises and the mutual
promises contained herein, the adequacy and sufficiency of which are hereby
acknowledged, the Company and the Director hereby agree as follows: 

1. 

 DUTIES. The Company requires that the Director
be available to perform the duties of an independent director customarily
related to this function as may be determined and assigned by the Board of
Directors of the Company and as may be required by the Company’s constituent
instruments, including its certificate or articles of incorporation, bylaws and
its corporate governance and board committee charters, each as amended or
modified from time to time, and by applicable law, including the Nevada General
Corporation Law. The Director agrees to devote as much time as is necessary to
perform completely the duties as the Director of the Company, including duties
as a member of the Audit Committee and such other committees as the Director may
hereafter be appointed to. The Director will perform such duties described
herein in accordance with the general fiduciary duty of directors arising under
the Nevada General Corporation Law and Chapter 78 of the Nevada Revised
Statutes. 

2. 

 TERM. The term of this Agreement shall
commence as of the date of the Director’s appointment by the board of directors
of the Company (in the event the Director is appointed to fill a vacancy) or the
date of the Director’s election by the stockholders of the Company and shall
continue until the Director’s removal or resignation.

3. 

 COMPENSATION. The Company will pay the
Director a director’s fee of $10,000 per annum payable in equal monthly
installments. This fee represents a retainer for services rendered as a member
of the Company’s Board of Directors, and is in addition to any fees to which the
Director may be entitled under guidelines and rules established by the Company
from time to time for compensating non-employee directors for serving on, and
attending meetings of, committees of its Board of Directors and the board of
directors of its subsidiaries.

4. 

 EXPENSES. In addition to the compensation
provided in paragraph 3 hereof, the Company will reimburse the Director for
pre-approved reasonable business related expenses incurred in good faith in the
performance of the Director’s duties for the Company. Such payments shall be
made by the Company upon submission by the Director of a signed statement
itemizing the expenses incurred. Such statement shall be accompanied by
sufficient documentary matter to support the expenditures. 

5. 

 CONFIDENTIALITY. The Company and the Director
each acknowledge that, in order for the intents and purposes of this Agreement
to be accomplished, the Director shall necessarily be obtaining access to
certain confidential information concerning the Company and its affairs,
including, but not limited to business methods, information systems, financial
data and strategic plans which are unique assets of the Company
(“Confidential Information”). The Director covenants not to, either
directly or indirectly, in any manner, utilize or disclose to any person, firm,
corporation, association or other entity any Confidential Information. 

6. 

 TERMINATION. With or without cause, the
Company and the Director may each terminate this Agreement at any time upon ten
(10) days written notice, and the Company shall be obligated to pay to the
Director the compensation and expenses due up to the date of the termination.
Nothing contained herein or omitted herefrom shall prevent the stockholder(s) of
the Company from removing the Director with immediate effect at any time for any
reason. 

7. 

 INDEMNIFICATION. The Company shall indemnify,
defend and hold harmless the Director, to the full extent allowed by the law of
the State of Nevada, and as provided by, or granted pursuant to, any charter
provision, bylaw provision, agreement (including, without limitation, the
Indemnification Agreement executed herewith), vote of stockholders or
disinterested directors or otherwise, both as to action in the Director’s
official capacity and as to action in another capacity while holding such
office. The Company and the Director are executing the Indemnification Agreement
in the form attached hereto as Exhibit A. 

8. 

 EFFECT OF WAIVER. The waiver by either party
of the breach of any provision of this Agreement shall not operate as or be
construed as a waiver of any subsequent breach thereof. 

9. 

 NOTICE. Any and all notices referred to herein
shall be sufficient if furnished in writing at the addresses specified on the
signature page hereto or, if to the Company, to the Company’s address as
specified in filings made by the Company with the U.S. Securities and Exchange
Commission and if by fax to 86-519-86233073. 

10. 

 GOVERNING LAW. This Agreement shall be
interpreted in accordance with, and the rights of the parties hereto shall be
determined by, the laws of the State of Nevada without reference to that state’s
conflicts of laws principles. 

11. 

 ASSIGNMENT. The rights and benefits of the
Company under this Agreement shall be transferable, and all the covenants and
agreements hereunder shall inure to the benefit of, and be enforceable by or
against, its successors and assigns. The duties and obligations of the Director under this Agreement are personal and therefore the
Director may not assign any right or duty under this Agreement without the prior
written consent of the Company. 

2 

12.

 MISCELLANEOUS. If any provision of this
Agreement shall be declared invalid or illegal, for any reason whatsoever, then,
notwithstanding such invalidity or illegality, the remaining terms and
provisions of this Agreement shall remain in full force and effect in the same
manner as if the invalid or illegal provision had not been contained herein.

13. 

 ARTICLE HEADINGS. The article headings
contained in this Agreement are for reference purposes only and shall not affect
in any way the meaning or interpretation of this Agreement. 

14. 

 COUNTERPARTS. This Agreement may be
executed in any number of counterparts, all of which taken together shall
constitute one instrument. Facsimile execution and delivery of this Agreement is
legal, valid and binding for all purposes. 

15. 

 ENTIRE AGREEMENT. Except as provided
elsewhere herein, this Agreement sets forth the entire agreement of the parties
with respect to its subject matter and supersedes all prior agreements,
promises, covenants, arrangements, communications, representations or
warranties, whether oral or written, by any officer, employee or representative
of any party to this Agreement with respect to such subject matter. 

[Signature Page Follows]

3 

IN WITNESS WHEREOF, the parties hereto have caused this
Independent Director’s Contract to be duly executed and signed as of the day and
year first above written. 

	CHINA GREEN ENERGY INDUSTRIES, INC. 
	 	  
	BY: 	/s/ Jianliang Shi
	Name:	Jianliang Shi 
	Title: 	Chairman of Board 
	 	  
	 	  
	INDEPENDENT DIRECTOR 
	 	  
	BY: 	/s/ Jinrong Shen 
	Name:	Jinrong Shen 

 

[Signature Page to China Green Energy’s Independent
Director’s Contract] 

EXHIBIT A 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”), dated
as of the 6th day of January 2011 is made by and between China Green Energy
Industries, Inc., a Nevada corporation (the “Company”), and Jinrong Shen,
an independent director of the Company (the “Indemnitee”). 

RECITALS 

A. 

The Company and the Indemnitee recognize that the present
state of the law is too uncertain to provide the Company’s officers and
directors with adequate and reliable advance knowledge or guidance with respect
to the legal risks and potential liabilities to which they may become personally
exposed as a result of performing their duties for the Company; 

B. 

The Company and the Indemnitee are aware of the substantial
growth in the number of lawsuits filed against corporate officers and directors
in connection with their activities in such capacities and by reason of their
status as such; 

C. 

The Company and the Indemnitee recognize that the cost of
defending against such lawsuits, whether or not meritorious, is typically beyond
the financial resources of most officers and directors of the Company; 

D. 

The Company and the Indemnitee recognize that the legal
risks and potential liabilities, and the threat thereof, associated with
proceedings filed against the officers and directors of the Company bear no
reasonable relationship to the amount of compensation received by the Company’s
officers and directors; 

E. 

The Company, after reasonable investigation prior to the
date hereof, has determined that the liability insurance coverage available to
the Company as of the date hereof is inadequate, unreasonably expensive or both.
The Company believes, therefore, that the interest of the Company and its
current and future stockholders would be best served by a combination of (i)
such insurance as the Company may obtain pursuant to the Company’s obligations
hereunder and (ii) a contract with its officers and directors, including the
Indemnitee, to indemnify them to the fullest extent permitted by law (as in
effect on the date hereof, or, to the extent any amendment may expand such
permitted indemnification, as hereafter in effect) against personal liability
for actions taken in the performance of their duties to the Company; 

F. 

Section 78.7502 of the Nevada Revised Statutes empowers
Nevada corporations to indemnify their officers and directors and further states
that the indemnification provided by Section 78.7502 shall not be deemed
exclusive of any other rights to which those seeking indemnification may be
entitled under the articles of incorporation or any bylaw, agreement, vote of
stockholders or disinterested directors or otherwise, both as to action in an
official capacity and as to action in another capacity while holding such
office; thus, Section 78.7502 does not by itself limit the extent to which the
Company may indemnify persons serving as its officers and directors; 

G. 

The Company’s
Articles of Incorporation and Bylaws authorize the indemnification of the
officers and directors of the Company in excess of that expressly permitted by
Section 78.7502; 

H. 

The Board of
Directors of the Company has concluded that, to retain and attract talented and
experienced individuals to serve as officers and directors of the Company and to
encourage such individuals to take the business risks necessary for the success
of the Company, it is necessary for the Company to contractually indemnify its
officers and directors, and to assume for itself liability for expenses and
damages in connection with claims against such officers and directors in
connection with their service to the Company, and has further concluded that the
failure to provide such contractual indemnification could result in great harm
to the Company and its stockholders; 

I. 

The Company desires and has requested the Indemnitee to
serve or continue to serve as a director or officer of the Company, free from
undue concern for the risks and potential liabilities associated with such
services to the Company; and 

J. 

The Indemnitee is willing to serve, or continue to serve,
the Company, provided, and on the expressed condition, that the Indemnitee is
furnished with the indemnification provided for herein. 

AGREEMENT 

NOW, THEREFORE, the Company and Indemnitee agree as follows:

1. 

DEFINITIONS. 

(a) 

“EXPENSES” means, for the purposes of this Agreement, all
direct and indirect costs of any type or nature whatsoever (including, without
limitation, any fees and disbursements of Indemnitee’s counsel, accountants and
other experts and other out-of-pocket costs) actually and reasonably incurred by
the Indemnitee in connection with the investigation, preparation, defense or
appeal of a Proceeding; provided, however, that Expenses shall not include
judgments, fines, penalties or amounts paid in settlement of a Proceeding. 

(b) 

“PROCEEDING” means, for the purposes of this Agreement, any
threatened, pending or completed action or proceeding, whether civil, criminal,
administrative or investigative (including an action brought by or in the right
of the Company) in which Indemnitee may be or may have been involved as a party
or otherwise, by reason of the fact that Indemnitee is or was a director or
officer of the Company, by reason of any action taken by Indemnitee or of any
inaction on his or her part while acting as such director or officer or by
reason of the fact that he or she is or was serving at the request of the
Company as a director, officer, employee or agent of another foreign or domestic
corporation, partnership, joint venture, trust or other enterprise, or was a
director or officer of the foreign or domestic corporation which was a predecessor corporation to the Company or of another
enterprise at the request of such predecessor corporation, whether or not he or
she is serving in such capacity at the time any liability or expense is incurred
for which indemnification or reimbursement can be provided under this Agreement. 

2. 

AGREEMENT TO
SERVE. 

Indemnitee agrees to serve or continue to serve as a director
or officer of the Company to the best of his or her abilities at the will of the
Company or under separate contract, if such contract exists, for so long as
Indemnitee is duly elected or appointed and qualified or until such time as the
Indemnitee tenders his or her resignation in writing. Nothing contained in this
Agreement is intended to create in Indemnitee any right to continued
employment.

3. 

INDEMNIFICATION. 

(a) 

THIRD PARTY PROCEEDINGS. The Company shall indemnify Indemnitee against Expenses, judgments, fines, penalties or amounts paid in
settlement (if the settlement is approved in advance by the Company) actually
and reasonably incurred by Indemnitee in connection with a Proceeding (other
than a Proceeding by or in the right of the Company) if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in the best interests
of the Company, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe Indemnitee’s conduct was unlawful. The termination
of any Proceeding by judgment, order, settlement, conviction, or upon a plea of
NOLO CONTENDERE or its equivalent, shall not, of itself, create a presumption
that Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in the best interests of the Company, or, with respect
to any criminal Proceeding, had no reasonable cause to believe that Indemnitee's
conduct was unlawful. 

(b) 

PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY. To the
fullest extent permitted by law, the Company shall indemnify Indemnitee against
Expenses and amounts paid in settlement, actually and reasonably incurred by
Indemnitee in connection with a Proceeding by or in the right of the Company to
procure a judgment in its favor if Indemnitee acted in good faith and in a
manner Indemnitee reasonably believed to be in the best interests of the Company
and its stockholders. Notwithstanding the foregoing, no indemnification shall be
made in respect of any claim, issue or matter as to which Indemnitee shall have
been adjudged liable to the Company in the performance of Indemnitee’s duty to
the Company and its stockholders unless and only to the extent that the court in
which such action or Proceeding is or was pending shall determine upon
application that, in view of all the circumstances of the case, Indemnitee is
fairly and reasonably entitled to indemnity for Expenses and then only to the
extent that the court shall determine. 

(c) 

SCOPE. Notwithstanding any other provision of this
Agreement but subject to Section 14(b), the Company shall indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that such
indemnification is not specifically authorized by other provisions of this
Agreement, the Company’s Articles of Incorporation, the Company’s Bylaws or by statute. 

4. 

LIMITATIONS ON
INDEMNIFICATION. 

Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated pursuant to the terms of this Agreement:

(a) 

EXCLUDED ACTS. To indemnify Indemnitee for any acts or
omissions or transactions from which a director may not be relieved of liability
under applicable law; 

(b) 

EXCLUDED
INDEMNIFICATION PAYMENTS. To indemnify or advance Expenses in violation of any
prohibition or limitation on indemnification under the statutes, regulations or
rules promulgated by any state or federal regulatory agency having jurisdiction
over the Company. 

(c) 

CLAIMS INITIATED BY INDEMNITEE. To indemnify or advance
Expenses to Indemnitee with respect to Proceedings or claims initiated or
brought voluntarily by Indemnitee and not by way of defense, except with respect
to Proceedings brought to establish or enforce a right to indemnification under
this Agreement or any other statute or law or otherwise as required under
Section 78.7502 of the Nevada Revised Statutes, but such indemnification or
advancement of Expenses may be provided by the Company in specific cases if the
Board of Directors has approved the initiation or bringing of such suit; 

(d)  

LACK OF GOOD FAITH. To indemnify Indemnitee for any
Expenses incurred by the Indemnitee with respect to any Proceeding instituted by
Indemnitee to enforce or interpret this Agreement, if a court of competent
jurisdiction determines that each of the material assertions made by the
Indemnitee in such Proceeding was not made in good faith or was frivolous;

(e) 

INSURED CLAIMS. To indemnify Indemnitee for Expenses or
liabilities of any type whatsoever (including, but not limited to, judgments,
fines, ERISA excise taxes or penalties, and amounts paid in settlement) which
have been paid directly to or on behalf of Indemnitee by an insurance carrier
under a policy of directors’ and officers’ liability insurance maintained by the
Company or any other policy of insurance maintained by the Company or
Indemnitee; or 

(f)  

CLAIMS UNDER SECTION 16(b). To indemnify Indemnitee for
Expenses and the payment of profits arising from the purchase and sale by
Indemnitee of securities in violation of Section 16(b) of the Securities
Exchange Act of 1934, as amended, or any similar successor statute.

5. 

DETERMINATION OF
RIGHT TO INDEMNIFICATION. 

Upon receipt of a written claim addressed to the Board of
Directors for indemnification pursuant to Section 3, the Company shall determine
by any of the methods set forth in Section 78.751 of the Nevada Revised Statutes whether Indemnitee has
met the applicable standards of conduct which makes it permissible under
applicable law to indemnify Indemnitee. If a claim under Section 3 is not paid
in full by the Company within ninety (90) days after such written claim has been
received by the Company, the Indemnitee may at any time thereafter bring suit
against the Company to recover the unpaid amount of the claim and, unless such
action is dismissed by the court as frivolous or brought in bad faith, the
Indemnitee shall be entitled to be paid also the expense of prosecuting such
claim. The court in which such action is brought shall determine whether
Indemnitee or the Company shall have the burden of proof concerning whether
Indemnitee has or has not met the applicable standard of conduct. 

6. 

ADVANCEMENT AND
REPAYMENT OF EXPENSES. 

Subject to Section 4 hereof, the Expenses incurred by
Indemnitee in defending and investigating any Proceeding shall be paid by the
Company in advance of the final disposition of such Proceeding within 30 days
after receiving from Indemnitee the copies of invoices presented to Indemnitee
for such Expenses, if Indemnitee shall provide an undertaking to the Company to
repay such amount to the extent it is ultimately determined that Indemnitee is
not entitled to indemnification. In determining whether or not to make an
advance hereunder, the ability of Indemnitee to repay shall not be a factor.
Notwithstanding the foregoing, in a proceeding brought by the Company directly,
in its own right (as distinguished from an action bought derivatively or by any
receiver or trustee), the Company shall not be required to make the advances
called for hereby if the Board of Directors determines, in its sole discretion,
that it does not appear that Indemnitee has met the standards of conduct which
make it permissible under applicable law to indemnify Indemnitee and the
advancement of Expenses would not be in the best interests of the Company and
its stockholders. 

7. 

PARTIAL
INDEMNIFICATION. 

If the Indemnitee is entitled under any provision of this
Agreement to indemnification or advancement by the Company of some or a portion
of any Expenses or liabilities of any type whatsoever (including, but not
limited to, judgments, fines, penalties, and amounts paid in settlement)
incurred by him in the investigation, defense, settlement or appeal of a
Proceeding, but is not entitled to indemnification or advancement of the total
amount thereof, the Company shall nevertheless indemnify or pay advancements to
the Indemnitee for the portion of such Expenses or liabilities to which the
Indemnitee is entitled.

8. 

NOTICE TO COMPANY BY INDEMNITEE. 

Indemnitee shall notify the Company in writing of any matter
with respect to which Indemnitee intends to seek indemnification hereunder as
soon as reasonably practicable following the receipt by Indemnitee of written
notice thereof; provided, however, that any delay in so notifying the Company
shall not constitute a waiver by Indemnitee of her rights hereunder. The written
notification to the Company shall be addressed to the Board of Directors and
shall include a description of the nature of the Proceeding and the facts
underlying the Proceeding and be accompanied by copies of any documents filed
with the court in which the Proceeding is pending. In addition, Indemnitee shall give the Company such
information and cooperation as it may reasonably require and as shall be within
Indemnitee’s power. 

9. 

MAINTENANCE OF
LIABILITY INSURANCE. 

(a) 

Subject to Section 4 hereof, the Company hereby agrees that
so long as Indemnitee shall continue to serve as a director or officer of the
Company and thereafter so long as Indemnitee shall be subject to any possible
Proceeding, the Company, subject to Section 9(b), shall use reasonable
commercial efforts to obtain and maintain in full force and effect directors’
and officers’ liability insurance (“D&O Insurance”) which provides
Indemnitee the same rights and benefits as are accorded to the most favorably
insured of the Company’ directors, if Indemnitee is a director; or of the
Company’s officers, if Indemnitee is not a director of the Company but is an
officer. 

(b) 

Notwithstanding the foregoing, the Company shall have no
obligation to obtain or maintain D&O Insurance if the Company determines in
good faith that such insurance is not reasonably available, the premium costs
for such insurance are disproportionate to the amount of coverage provided, the
coverage provided by such insurance is limited by exclusions so as to provide an
insufficient benefit, or the Indemnitee is covered by similar insurance
maintained by a subsidiary or parent of the Company. 

(c)  

If, at the time of the receipt of a notice of a claim
pursuant to Section 8 hereof, the Company has D&O Insurance in effect, the
Company shall give prompt notice of the commencement of such Proceeding to the
insurers in accordance with the procedures set forth in the respective policies.
The Company shall thereafter take all necessary or desirable action to cause
such insurers to pay, on behalf of the Indemnitee, all amounts payable as a
result of such Proceeding in accordance with the terms of such policies.

10. 

DEFENSE OF CLAIM. 

In the event that the Company shall be obligated under Section
6 hereof to pay the Expenses of any Proceeding against Indemnitee, the Company,
if appropriate, shall be entitled to assume the defense of such Proceeding, with
counsel approved by Indemnitee, which approval shall not be unreasonably
withheld, upon the delivery to Indemnitee of written notice of its election to
do so. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, the Company will not be liable to
Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect to the same Proceeding, provided that (i) Indemnitee
shall have the right to employ counsel in any such Proceeding at Indemnitee’s
expense; and (ii) if (A) the employment of counsel by Indemnitee has been
previously authorized by the Company, or (B) Indemnitee shall have reasonably
concluded that there may be a conflict of interest between the Company and the
Indemnitee in the conduct of such defense or (C) the Company shall not, in fact,
have employed counsel to assume the defense of such Proceeding, then the fees
and expenses of Indemnitee’s counsel shall be at the expense of the Company.

11. 

ATTORNEYS' FEES. 

In the event that Indemnitee or the Company institutes an
action to enforce or interpret any terms of this Agreement, the Company shall
reimburse Indemnitee for all of the Indemnitee’s reasonable fees and expenses in
bringing and pursuing such action or defense, unless as part of such action or
defense, a court of competent jurisdiction determines that the material
assertions made by Indemnitee as a basis for such action or defense were not
made in good faith or were frivolous. 

12. 

CONTINUATION OF
OBLIGATIONS. 

All agreements and obligations of the Company contained herein
shall continue during the period the Indemnitee is a director or officer of the
Company, or is or was serving at the request of the Company as a director,
officer, fiduciary, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, and shall continue thereafter so long as the
Indemnitee shall be subject to any possible proceeding by reason of the fact
that Indemnitee served in any capacity referred to herein. 

13. 

SUCCESSORS AND
ASSIGNS. 

This Agreement establishes contract rights that shall be
binding upon, and shall inure to the benefit of, the successors, assigns, heirs
and legal representatives of the parties hereto. 

14. 

NON-EXCLUSIVITY. 

(a) 

The provisions for indemnification and advancement of
expenses set forth in this Agreement shall not be deemed to be exclusive of any
other rights that the Indemnitee may have under any provision of law, the
Company’s Articles of Incorporation or Bylaws, the vote of the Company’s
stockholders or disinterested directors, other agreements or otherwise, both as
to action in the Indemnitee’s official capacity and action in another capacity
while occupying the Indemnitee’s position as a director or officer of the
Company. 

(b) 

In the event of any changes, after the date of this
Agreement, in any applicable law, statute, or rule which expand the right of a
Nevada corporation to indemnify its officers and directors, the Indemnitee's
rights and the Company’s obligations under this Agreement shall be expanded to
the full extent permitted by such changes. In the event of any changes in any
applicable law, statute or rule, which narrow the right of a Nevada corporation
to indemnify a director or officer, such changes, 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. 

15. 

EFFECTIVENESS OF
AGREEMENT. 

To the extent that the indemnification permitted under the
terms of certain provisions of this Agreement exceeds the scope of the
indemnification provided for in the Nevada Revised Statutes, such provisions shall not be effective unless and
until the Company’s Articles of Incorporation authorize such additional rights
of indemnification. In all other respects, the balance of this Agreement shall
be effective as of the date set forth on the first page and may apply to acts of
omissions of Indemnitee which occurred prior to such date if Indemnitee was an
officer, director, employee or other agent of the Company, or was serving at the
request of the Company as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, at the time
such act or omission occurred. 

16. 

SEVERABILITY. 

Nothing in this Agreement is intended to require or shall be
construed as requiring the Company to do or fail to do any act in violation of
applicable law. The Company’s inability, pursuant to court order, to perform its
obligations under this Agreement shall not constitute a breach of this
Agreement. The provisions of this Agreement shall be severable as provided in
this Section 16. If this Agreement or any portion hereof shall be invalidated on
any ground by any court of competent jurisdiction, then the Company shall
nevertheless indemnify Indemnitee to the full extent permitted by any applicable
portion of this Agreement that shall not have been invalidated, and the balance
of this Agreement not so invalidated shall be enforceable in accordance with its
terms. 

17. 

GOVERNING LAW. 

This Agreement shall be interpreted and enforced in accordance
with the laws of the State of Nevada, without reference to its conflict of law
principals. To the extent permitted by applicable law, the parties hereby waive
any provisions of law which render any provision of this Agreement unenforceable
in any respect.

18. 

NOTICE. 

All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and receipted for by the party addressee or (ii) if mailed by
certified or registered mail with postage prepaid, on the third business day
after the mailing date. Addresses for notice to either party are as shown on the
signature page of this Agreement, or as subsequently modified by written notice.

19. 

MUTUAL
ACKNOWLEDGMENT. 

Both the Company and Indemnitee acknowledge that in certain
instances, federal law or applicable public policy may prohibit the Company from
indemnifying its directors and officers under this Agreement or otherwise.
Indemnitee understands and acknowledges that the Company has undertaken or may
be required in the future to undertake with the appropriate state or federal
regulatory agency to submit for approval any request for indemnification, and
has undertaken or may be required in the future to undertake with the Securities
and Exchange Commission 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. 

20. 

COUNTERPARTS. 

This Agreement may be executed in one or more counterparts,
each of which shall constitute an original. 

21. 

AMENDMENT AND
TERMINATION. 

No amendment, modification, termination or cancellation of this
Agreement shall be effective unless in writing signed by both parties hereto.

[Signature Page Follows]

IN WITNESS WHEREOF, the parties have executed this Agreement as
of the day and year set forth above. 

	
    COMPANY: 
	
    INDEMNITEE: 

	
     
	
      
	
     
	
      

	
    China Green Energy Industries, Inc. 
	
     
	
      

	
     
	
      
	
     
	
      

	
     
	
      
	
     
	
      

	
    By: 
	
    /s/ Jianliang Shi               
    
	
     
	
      

	
    Name: 
	
    Jianliang Shi 
	
    By: 
	
    /s/ Jinrong Shen                    
    

	
    Title: 
	
    Chairman of Board 
	
    Name: 
	
    Jinrong Shen 

	
     
	
      
	
     
	
      

	
     
	
      
	
     
	
      

	
    Address: 
	
    Jiangsu Wujin Lijia Industrial Park 
	
     
	
      

	
     
	
    Lijia Town, Wujin District, 
	
    Address: 
	
    

	
     
	
    Changzhou City 
	
     
	
      

	
     
	
    Jiangsu Province 213176 
	
     
	
      

	
     
	
    People’s Republic of China

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