Document:

Exhibit 10.61

 

Exhibit 10.61

FIRST AMENDMENT TO

EMPLOYMENT AGREEMENT

     THIS FIRST AMENDMENT to the Employment Agreement by and between MedCath Corporation (the
“Company”) and James E. Harris (“Executive”) (the “First Amendment”) is effective as of the 1st day
of September, 2006.

RECITALS:

     WHEREAS, Company and Executive entered into an Employment Agreement dated September 30, 2005
(the “Agreement”);

     WHEREAS, Executive has been employed by Company prior to the date hereof;

     WHEREAS, Company and Executive desire to continue Executive’s employment in accordance with
the terms of Executive’s Employment Agreement and in accordance with the terms of this First
Amendment; and

     WHEREAS, the parties now wish to amend the Agreement on the terms set forth below:

     NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
and confessed, Company and Executive agree to amend the Agreement on the following terms:

     1. The first paragraph of Section 6.1(c) of the Agreement (Termination By Company Without
Cause or By Executive for Good Reason) shall be deleted in its entirety and replaced with the
following:

          (c) For purposes of this Agreement, “Good Reason” shall mean any of the following
(without Executive’s express prior written consent):

     (i) A substantial reduction by the Company of Executive’s duties or
responsibilities, other than in connection with the termination of Executive’s

 

 

employment by the Company for Cause, by Executive without Good Reason or as a result
of Executive’s Permanent Disability or death;

     (ii) A reduction by the Company in Executive’s Base Salary or Target Bonus;

     (iii) A reduction or elimination of Executive’s eligibility to participate in
any of the Company’s employee benefit plans that is inconsistent with the
eligibility of similarly situated executives of the Company to participate therein;
or

     (iv) The Company provides Executive written notice of the non-renewal
of this Agreement pursuant to Section 2.

     2. Capitalized terms not defined in this First Amendment shall have the meaning assigned to
them in the Agreement.

     3. Except as specifically set forth in this First Amendment, the terms and conditions of the
Agreement shall remain in full force and effect.

     4. In the event of any conflict between the terms of this First Amendment and terms of the
Agreement, the terms of this First Amendment shall control.

     IN WITNESS WHEREOF, the parties have executed this First Amendment on the day first written
above.

	 	 	 	 	 
	

	 	MEDCATH CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ O. Edwin French
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	O. Edwin French
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	President and Chief Executive Officer
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	JAMES E. HARRIS
	 
	 	 	 	 
	 

	 	/s/ James E. HarrisExhibit 10.62

 

Exhibit 10.62

FIRST AMENDMENT TO

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

     THIS FIRST AMENDMENT to the Amended and Restated Employment Agreement by and between MedCath
Corporation (the “Company”) and Thomas K. Hearn (“Executive”) (the “First Amendment”) is effective
as of the 1st day of September, 2006.

RECITALS:

     WHEREAS, Company and Executive entered into an Amended and Restated Employment Agreement dated
September 30, 2005 (the “Agreement”);

     WHEREAS, Executive has been employed by Company prior to the date hereof;

     WHEREAS, Company and Executive desire to continue Executive’s employment in accordance with
the terms of Executive’s Amended and Restated Employment Agreement and in accordance with the terms
of this First Amendment; and

     WHEREAS, the parties now wish to amend the Agreement on the terms set forth below:

     NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
and confessed, Company and Executive agree to amend the Agreement on the following terms:

     1. The first paragraph of Section 6.1(c) of the Agreement (Termination By Company Without
Cause or By Executive for Good Reason) shall be deleted in its entirety and replaced with the
following:

          (c) For purposes of this Agreement, “Good Reason” shall mean any of the following
(without Executive’s express prior written consent):

     (i) A substantial reduction by the Company of Executive’s duties or
responsibilities, other than in connection with the termination of Executive’s

 

 

employment by the Company for Cause, by Executive without Good Reason or as a result
of Executive’s Permanent Disability or death;

     (ii) A reduction by the Company in Executive’s Base Salary or Target Bonus;

     (iii) A reduction or elimination of Executive’s eligibility to participate in
any of the Company’s employee benefit plans that is inconsistent with the
eligibility of similarly situated executives of the Company to participate therein;
or

     (iv) The Company provides Executive written notice of the non-renewal
of this Agreement pursuant to Section 2.

     2. Capitalized terms not defined in this First Amendment shall have the meaning assigned to
them in the Agreement.

     3. Except as specifically set forth in this First Amendment, the terms and conditions of the
Agreement shall remain in full force and effect.

     4. In the event of any conflict between the terms of this First Amendment and terms of the
Agreement, the terms of this First Amendment shall control.

     IN WITNESS WHEREOF, the parties have executed this First Amendment on the day first written
above.

	 	 	 	 	 
	

	 	MEDCATH CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ O. Edwin French
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	O. Edwin French
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	President and Chief Executive Officer
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	THOMAS K. HEARN
	 
	 	 	 	 
	 

	 	/s/ Thomas K. HearnExhibit 10.63

 

Exhibit 10.63

FIRST AMENDMENT TO

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

     THIS FIRST AMENDMENT to the Amended and Restated Employment Agreement by and between MedCath
Corporation (the “Company”) and Joan McCanless (“Executive”) (the “First Amendment”) is effective
as of the 1st day of September, 2006.

RECITALS:

     WHEREAS, Company and Executive entered into an Amended and Restated Employment Agreement dated
September 30, 2005 (the “Agreement”);

     WHEREAS, Executive has been employed by Company prior to the date hereof;

     WHEREAS, Company and Executive desire to continue Executive’s employment in accordance with
the terms of Executive’s Amended and Restated Employment Agreement and in accordance with the terms
of this First Amendment; and

     WHEREAS, the parties now wish to amend the Agreement on the terms set forth below:

     NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
and confessed, Company and Executive agree to amend the Agreement on the following terms:

     1. The first paragraph of Section 6.1(c) of the Agreement (Termination By Company Without
Cause or By Executive for Good Reason) shall be deleted in its entirety and replaced with the
following:

          (c) For purposes of this Agreement, “Good Reason” shall mean any of the following
(without Executive’s express prior written consent):

     (i) A substantial reduction by the Company of Executive’s duties or
responsibilities, other than in connection with the termination of Executive’s

 

 

employment by the Company for Cause, by Executive without Good Reason or as a result
of Executive’s Permanent Disability or death;

     (ii) A reduction by the Company in Executive’s Base Salary or Target Bonus;

     (iii) A reduction or elimination of Executive’s eligibility to participate in
any of the Company’s employee benefit plans that is inconsistent with the
eligibility of similarly situated executives of the Company to participate therein;
or

     (iv) The Company provides Executive written notice of the non-renewal
of this Agreement pursuant to Section 2.

     2. Capitalized terms not defined in this First Amendment shall have the meaning assigned to
them in the Agreement.

     3. Except as specifically set forth in this First Amendment, the terms and conditions of the
Agreement shall remain in full force and effect.

     4. In the event of any conflict between the terms of this First Amendment and terms of the
Agreement, the terms of this First Amendment shall control.

     IN WITNESS WHEREOF, the parties have executed this First Amendment on the day first written
above.

	 	 	 	 	 
	

	 	MEDCATH CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ O. Edwin French
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	O. Edwin French
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	President and Chief Executive Officer
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	JOAN McCANLESS
	 
	 	 	 	 
	 

	 	/s/ Joan McCanlessExhibit 10.64

 

Exhibit 10.64

FIRST AMENDMENT TO

EMPLOYMENT AGREEMENT

     THIS FIRST AMENDMENT to the Employment Agreement by and between MedCath Corporation (the
“Company”) and O. Edwin French (“Executive”) dated February 21, 2006 (the “First Amendment”) is
effective as of the 1st day of September, 2006.

RECITALS:

     WHEREAS, Company and Executive entered into an Employment Agreement dated February 21, 2006
(the “Agreement”);

     WHEREAS, Executive has been employed by Company prior to the date hereof;

     WHEREAS, Company and Executive desire to continue Executive’s employment in accordance with
the terms of Executive’s Employment Agreement and in accordance with the terms of this First
Amendment; and

     WHEREAS, the parties now wish to amend the Agreement on the terms set forth below:

     NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
and confessed, Company and Executive agree to amend the Agreement on the following terms:

     1. Section 6.1(c) of the Agreement (Termination By Company Without Cause or By Executive for
Good Reason) shall be deleted in its entirety and replaced with the following:

          (c) For purposes of this Agreement, “Good Reason” shall mean any of the following
(without Executive’s express prior written consent):

     (i) A substantial reduction or elimination of Executive’s management
responsibility for the operations of the Company’s hospital business, other than in
connection with the termination of Executive’s employment by the Company for Cause,
by Executive without Good Reason or as a result of Executive’s Permanent Disability
or death;

 

 

     (ii) A reduction by the Company in Executive’s Base Salary or Target Bonus;

     (iii) A reduction or elimination of Executive’s eligibility to participate in
any of the Company’s employee benefit plans that is inconsistent with the
eligibility of similarly situated executives of the Company to participate therein;
or

     (iv) The Company provides Executive written notice of the non-renewal
of this Agreement pursuant to Section 2.

     2. Capitalized terms not defined in this First Amendment shall have the meaning assigned to
them in the Agreement.

     3. Except as specifically set forth in this First Amendment, the terms and conditions of the
Agreement shall remain in full force and effect.

     4. In the event of any conflict between the terms of this First Amendment and terms of the
Agreement, the terms of this First Amendment shall control.

     IN WITNESS WHEREOF, the parties have executed this First Amendment on the day first written
above.

	 	 	 	 	 
	

	 	MEDCATH CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Phillip J. Mazzuca
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:
	 	Phillip J. Mazzuca
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:
	 	Chief Operating Officer
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	O. EDWIN FRENCH
	 
	 	 	 	 
	 

	 	/s/ O. Edwin French

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