Document:

Form of Severance Agreement

 Exhibit 10.1 
 SEVERANCE AGREEMENT 
 This Severance Agreement
(“Agreement”) is entered into as of October 19, 2012 (the “Effective Date”), by and between USMD Holdings, Inc. (“Company”) and Christopher Dunleavy
(“Employee”). 
 Recitals 

WHEREAS, Company acknowledges and wishes to reward the valuable contributions Employee has made over an extended period of years to the
success of the Company; and 
 WHEREAS, Company understand and acknowledges that Employee possesses skills and knowledge
instrumental to the successful conduct of the Company’s business; and 
 WHEREAS, Company is willing to enter into this
Agreement with Employee in order to better ensure itself of access to the continued services of Employee both before and after a Change in Control (defined below). 
 NOW, THEREFORE, for and in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement hereby agree as follows: 
 1. Term. The term of this Agreement
shall commence on the Effective Date and shall terminate on the actual date on which Employee’s employment with Company terminates. 
 2. Operation of Agreement. On the Effective Date, this Agreement shall supercede any other agreement, if any, between the Company and Employee that would provide Employee the right to
receive severance and other benefits in connection with the termination of Employee’s employment. 
 3. Certain
Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 
 (a)
“Accrued Obligations” shall mean any vested amounts or benefits owing to Employee under the Company’s otherwise applicable employee benefit plans and programs. 

(b) “Base Salary” shall mean Employee’s annualized base salary as in effect from time to time
as reflected in the Company’s regular payroll records. Base Salary shall not include any portion of any bonus compensation for time periods which have not concluded as of the Date of Termination. 

(c) “Change in Control” shall mean the consummation of a transaction or a series of the transactions in
which more than fifty percent (50%) of the shares of stock of the Company are sold, transferred or conveyed. 

 (d) “Change in Control Date” means the date on
which a Change in Control occurs. 
 (e) “Date of Termination” shall mean 

(1) In the case of a termination for which a Notice of Termination is required, the date of receipt of such Notice of
Termination or, if later, the date specified therein, and 
 (2) In all other cases, the actual date on which
Employee’s employment terminates. 
 (f) “Earned Salary” shall mean Employee’s Base Salary
earned, but unpaid, through Employee’s Date of Termination. 
 (g) “Notice of Termination” shall
mean a written notice given, in the case of a Termination for Cause, within 45 days of the Company’s having actual knowledge of the events giving rise to such termination, and in the case of a Termination for Good Reason, within 45 days of
Employee’s having actual knowledge of the events giving rise to such termination. Any such Notice of Termination shall: 
 (1) Indicate the specific termination provision in this Agreement relied upon, 
 (2) Set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Employee’s employment under the provision so indicated, 

(3) If the Date of Termination is other than the date of receipt of such notice, specify the Date of Termination (which
date shall be not more than 30 days after the giving of such notice), and 
 (4) Be delivered prior to the
expiration of the term of this Agreement. 
 (h) “Termination for Cause” shall mean a termination
of Employee’s employment by the Company due to the occurrence of any of the following: 
 (1)
Employee’s continued failure to substantially perform Employee’s duties and responsibilities after written demand for substantial performance is delivered by the Company specifically identifying the manner in which the Company believes
Employee has not substantially performed Employee’s duties and responsibilities; 
 (2) Employee’s
engaging in an act or acts of misconduct which result in, or are intended to result in, material damage to the Company’s business or reputation; 

 (3) Employee’s material violation of, or failure to comply with, any
material written policy of the Company which specifically provides that Employee may be dismissed (or Employee’s employment terminated) as a consequence of any such violation or failure to comply, or 

(4) Employee’s conviction of (or plea of guilty or nolo contendere to a charge of) any felony, or any crime or
misdemeanor involving moral turpitude or financial misconduct. 
 (i) “Termination for Good
Reason” shall mean a termination of Employee’s employment by Employee due to the occurrence of any of the following, without the express written consent of Employee: 

(1) The assignment to Employee of any duties and at a change in Base Salary materially inconsistent in any material
adverse respect with Employee’s position, authority or responsibilities as in effect immediately prior such assignment or change; 
 (2) Any failure by the Company, other than an insubstantial or inadvertent failure remedied by the Company promptly after receipt of notice thereof given by Employee, to provide Employee with the agreed
on annual Base Salary for Employee; or 
 (3) If, not later than the Change in Control Date, any successor
in interest to the Company shall have failed to agree in writing to assume and perform this Agreement as required by paragraph 7(f) hereof. 
 4. Termination of Employment. Employee acknowledges that this Agreement is not an employment agreement between Company and Employee and Employee remains an “at will” employee of
the Company. Nothing in this Agreement shall be construed in any way to limit the right of the Company to terminate Employee’s employment, with or without cause, or for Employee to terminate Employee’s employment with the Company, with or
without reason; provided, however, that the Company and Employee must nonetheless comply with any duty or obligation such party has at law or under any other agreement between the parties. 

5. Amounts Payable Upon Termination of Employment. 

(a) Cause and Voluntary Termination. During the term of this Agreement, if Employee’s employment is terminated by
the Company in a Termination for Cause or voluntarily by Employee (other than in a Termination for Good Reason), the Company shall pay Employee: 
 (1) The Earned Salary as soon as practicable, but in no event more than 30 days, following Employee’s Date of Termination; and 

(2) The Accrued Obligations in accordance with the terms of the applicable plan, program, policy or arrangement.

 (b) Termination for Good Reason or Not for Cause. During the term of this
Agreement, if Employee terminates Employee’s employment in a Termination for Good Reason, or the Company terminates Employee’s employment for any reason other than those described in paragraph 5(a) above, the Company shall pay or shall
provide to Employee the following benefits and compensation: 
 (1) The Earned Salary, as soon as practicable,
but in no event more than 30 days, following Employee’s Date of Termination; 
 (2) The Accrued
Obligations, in accordance with applicable law and the provisions of any applicable plan, program, policy or practice; and 
 (3) A Separation Payment equal to twelve months of Employee’s Base Salary on the date of termination; provided that if Employee terminates employment for good reason based on a material change
in Employee’s Base Salary, then Employee’s Base Salary for such purpose shall be considered the Base Salary immediately prior to such change. The Separation Payment shall be paid over the ensuing twelve month period following the
expiration of the revocation period stated in the release agreement described in paragraph 5(c) below in accordance with the usual and customary payroll practices of Employer. 
 (c) Payments Contingent on Release. The Separation Payment payable under paragraph 5(b) shall be subject to, and contingent upon, Employee providing the Company with a signed release
agreement, satisfactory to the Company, releasing the Company and all affiliates of any and all claims, charges and causes of action the Employee may have arising out of or relating in any way to the Employee’s employment by the Company and its
affiliated companies and the termination of such employment. 
 (d) Transfer. For purposes of this Agreement, a
transfer of employment from the Company to substantially equivalent employment with an affiliate of the Company shall not constitute a termination of employment and shall not entitle Employee to a Separation Payment.

6. Employee Covenants. 
 (a) Acknowledgement of Access. Employee hereby acknowledges that in connection with Employee’s employment with the Company, Employee has received, and will continue to receive,
various information regarding the Company and its business, operations and affairs. All such information, to the extent not publicly available other than as a result of a disclosure by Employee in violation of this Agreement, is referred to
herein as the “Nonpublic Information.” 
 (b) Agreement to Keep
Confidential. Employee hereby agrees that, from and after the Effective Date and continuing until three (3) years following Employee’s Date of Termination, Employee will keep all Nonpublic Information confidential and will
not, without the prior written consent of the Chairman of the Company, disclose any Nonpublic Information in any manner whatsoever or use any Nonpublic Information other than in connection with the performance of Employee’s services to the
Company; provided, however, that the provisions of this paragraph 6(b) shall not prevent Employee from: 

 (1) Disclosing any Nonpublic Information to any other employee of the
Company or to any representative or agent of the Company (such as an independent accountant, engineer, attorney or financial advisor) when such disclosure is reasonably necessary or appropriate (in Employee’s judgment) in connection with the
performance by Employee of Employee’s duties and responsibilities, 
 (2) Disclosing any Nonpublic
Information as required by applicable law, rule, regulation or legal process (but only after compliance with the provisions of subparagraph (c) of this paragraph), or 

(3) Disclosing any information about this Agreement and Employee’s other compensation arrangement to
Employee’s spouse, financial advisors or attorneys, or to enforce any of Employee’s rights under this Agreement. 

(c) Commitment to Seek Protective Order. If Employee is requested pursuant to, or required by, applicable law,
rule, regulation or legal process to disclose any Nonpublic Information, Employee will notify Company promptly so that the Company may seek a protective order or other appropriate remedy or, in the Company’s sole discretion, waive compliance
with the terms of this subparagraph, and Employee will fully cooperate in any attempt by the Company to obtain any such protective order or other remedy. If no such protective order or other remedy is obtained, or the Company waives compliance
with the terms of this paragraph, Employee will furnish or disclose only that portion of the Nonpublic Information as is legally required and will exercise all reasonable efforts to obtain reliable assurance that confidential treatment will be
accorded the Nonpublic Information that is so disclosed. 
 7. Miscellaneous Provisions. 

(a) Arbitration. Except to the extent provided in paragraph 7(b), any dispute or controversy arising under or in
connection with this Agreement shall be resolved by binding arbitration. The arbitration shall be held in Dallas, Texas and except to the extent inconsistent with this Agreement, shall be conducted in accordance with the Expedited Employment
Arbitration Rules of the American Arbitration Association then in effect at the time of the arbitration, and otherwise in accordance with principles which would be applied by a court of law or equity. The arbitrator shall be acceptable to both
the Company and Employee. If the parties cannot agree on an acceptable arbitrator, the dispute shall be heard by a panel of three arbitrators, one appointed by each of the parties and the third appointed by the other two arbitrators.

 (b) Equitable Relief Available. Employee acknowledges that remedies at law may be inadequate to protect
the Company against any actual or threatened breach of the provisions of paragraph 6 by Employee. Accordingly, without prejudice to any other rights or remedies otherwise available to the Company, Employee agrees that the Company shall have the
right to equitable and injunctive relief to prevent any breach of the provisions of paragraph 6, as well as to such damages or other relief as may be available to the Company by reason of any such breach as does occur. 

 (c) Breach Not a Defense. The representations and covenants on the part
of Employee contained in paragraph 6 shall be construed as ancillary to and independent of any other provision of this Agreement, and the existence of any claim or cause of action of Employee against the Company or any officer, director, stockholder
or representative of the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the covenants on the part of Employee contained in paragraph 6. 

(d) Notices. Any Notice of Termination or other communication called for by the terms of this Agreement shall be in
writing and either delivered personally or by registered or certified mail (postage prepaid and return receipt requested) and shall be deemed given when received at the following addresses (or at such other address for a party as shall be specified
by like notice): 
  

					
	 If to the Company:
	  	 USMDHoldings, Inc.

6333North State Highway 161

Ste.  200

Irving,Texas 75038

Attn:General Counsel

 
	  	
	 If to Employee:
	  	 ChristopherDunleavy

1105Briar Ridge Drive

Keller,TX 76248
	  	

 (e) Assignment. Except pursuant to an assumption by a successor described in paragraph
7(f), the rights and obligations of the Company pursuant to this Agreement may not be assigned, in whole or in part, by the Company to any other person or entity without the express written consent of Employee. The rights and obligations of
Employee pursuant to this Agreement may not be assigned, in whole or in part, by Employee to any other person or entity without the express written consent of the Chairman of the Company. 

(f) Successors. This Agreement shall be binding on, and shall inure to the benefit of, the Company, Employee and their
respective successors, permitted assigns, personal and legal representatives, executors, administrators, heirs, distributees, devisees and legatees, as applicable. Company shall require any successor (whether direct or indirect) to all or
substantially all of the business or assets of Company under any Change in Control (whether by purchase of securities, merger, consolidation, sale of assets or otherwise), to expressly assume and agree to perform the obligations to be performed by
the Company under this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 
 (g) Amendments and Waivers. No provision of this Agreement may be amended or otherwise modified, and no right of any party to this Agreement may be waived, unless such amendment,
modification or waiver is agreed to in a written instrument signed by Employee and Company. No waiver by either party hereto of, or compliance with, any condition or provision of this Agreement to be performed by the other party hereto shall be
deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

 (h) Complete Agreement. This Agreement replaces and supersedes all prior
agreements, if any, among the parties with respect to the payments to be made to Employee upon termination of employment and the provisions of this Agreement constitute the complete understanding and agreement among the parties with respect to the
subject matter hereof. 
 (i) Governing Law. This Agreement is being made and executed in, and is
intended to be performed in, the State of Texas and shall be governed, construed, interpreted and enforced in accordance with the substantive laws of the State of Texas without regard to its conflict of laws principles. 

(j) Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same agreement. 
 (k) Construction. The
captions of the paragraphs, subparagraphs and sections of this Agreement have been inserted as a matter of convenience of reference only and shall not affect the meaning or construction of any of the terms or provisions of this
Agreement. Unless otherwise specified, references in this Agreement to a “paragraph,” “subparagraph”, “section,” “subsection,” or “schedule” shall be considered to be references to the
appropriate paragraph, subparagraph, section, subsection, or schedule, respectively, of this Agreement. As used in this Agreement, the term “including” shall mean “including, but not limited to.” 

(l) Validity and Severability. If any term or provision of this Agreement is held to be illegal, invalid or
unenforceable under the present or future laws effective during the term of this Agreement, (1) such term or provision shall be fully severable, (2) this Agreement shall be construed and enforced as if such term or provision had never
comprised a part of this Agreement and (3) the remaining terms and provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable term or provision or by its severance from
this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable term or provision, there shall be added automatically as a part of this Agreement, a term or provision as similar to such illegal, invalid or unenforceable term or
provision as may be possible and be legal, valid and enforceable. 
 [Remainder of Page Left Blank; Signature Page to Follow]

 IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the date first
written above. 
 Company: 

USMD Holdings, Inc. 
  

			
	By:	 	 
		 	John House, M.D., Chairman and CEO

 Employee: 
  

	
	  
	Christopher DunleavySecond Amendment to Lease Agreement

 Exhibit 10.3.2 
 SECOND AMENDMENT TO LEASE 
 This Second Amendment to Lease (“Amendment”) is made
this 24th day of October, 2012 (“Amendment Effective Date”) by and between SI 34 LLC, a California limited liability company having an address at 10600 N. De Anza Blvd., Suite 200, Cupertino, California 95014 (“Landlord”) and
XenoPort, Inc., a Delaware corporation having its principal place of business at 3410 Central Expressway, Santa Clara, California 95051 (“Tenant”). 
 WITNESSETH 
 WHEREAS, Sobrato Interests, a California limited
partnership, and Tenant entered into that certain Lease, dated September 24, 2001, and a subsequent Lease amendment, dated February 29, 2008 (as amended and collectively, the “Lease”), for the building of approximately 102,759
rentable square feet located at 3410 Central Expressway in Santa Clara, California (“Premises”); 

WHEREAS, Landlord is a full successor of Sobrato Interests to the Lease, and Landlord is responsible for all
obligations and commitments of the Landlord under the Lease; and  
 WHEREAS, as of the Amendment Effective
Date, Landlord and Tenant wish to amend the Lease to: (i) extend the Lease Term and (ii) specify the Base Monthly Rent schedule during such extension of the Lease Term. 
 NOW, THEREFORE, in order to effect the intent of the parties as set forth above and for good and valuable consideration exchanged between the parties and set forth herein, the Lease
is hereby amended as of the Amendment Effective Date as follows: 
  

	 	1.	The Lease Term is extended and the new Expiration Date shall be August 27, 2015. 

 

	 	2.	The Base Monthly Rent schedule for the Premises during such extended term shall be: 

 

			
	8/28/13 through 8/31/13	  	$24,662
	9/01/13 through 8/31/14	  	$191,132 per month
	9/01/14 through 8/27/15	  	$197,298 per month

  

	 	3.	All defined terms shall have the same meanings as in the Lease, except as otherwise stated in this Amendment. 

 

	 	4.	Except as hereby amended, the Lease and all of the terms, covenants and conditions thereof shall remain unmodified and in full force and effect. In the event of any
conflict or inconsistency between the terms and provisions of this Amendment and the terms and provisions of the Lease, the terms and provisions of this Amendment shall prevail. 

 IN WITNESS WHEREOF, the parties hereto have set their hands to this Amendment as of the Amendment Effective Date. 

(Signatures on next page) 

 Landlord 
 SI 34, LLC, 
 a California limited liability company 

 

			
	By:	 	Sobrato Interests 1,
	a California limited partnership
	Its:	 	Sole Member

  

			
	By:	 	Sobrato Development Companies, LLC,
	a California limited liability company
	Its:	 	General Partner

  

			
	By:	 	     /s/ John Michael Sobrato

	John Michael Sobrato
	Its:	 	Manager

  

	
	Tenant
	 XenoPort, Inc.
 a Delaware
corporation

  

			
	By:	 	     /s/ Ronald W. Barrett

	Its:	 	Chief Executive Officer

  
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