Document:

Amendment No. 3 to Rotech Healthcare Inc. Common Stock Option Plan

 Exhibit 4.6 
  

AMENDMENT NO. 3 TO THE 
 ROTECH
HEALTHCARE INC. 
 COMMON STOCK OPTION PLAN 
  

WHEREAS, Rotech Healthcare Inc. (the “Company”) has established and maintains the Rotech Healthcare Inc. Common Stock Option
Plan (the “Plan”); and 
  
 WHEREAS,
pursuant to Section 7(b) of the Plan, the Company’s Board of Directors (the “Board”) may at any time amend the Plan, subject to certain limitations; 
  
 WHEREAS, the Board deems it to be in the best interests of the Company to amend the Plan to revise the definition of
“Change in Control”; 
  
 WHEREAS, on December 5,
2003, the Board approved such amendment to the Plan; 
  
 NOW,
THEREFORE, the Plan is hereby amended, effective as of December 5, 2003 as follows: 
  
 FIRST: The definition of “Change in Control” provided in Section 2 of the Plan is hereby amended to read in its entirety as follows: 
  
 “A “Change in Control” will occur if: 
  
 (a) any Person (other than the Company or any subsidiary or any trustee or other fiduciary holding securities under an
employee benefit plan of the Company), becomes the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power
of the Company’s then outstanding securities; or 
  
 (b)
during any two-year period, individuals who at the date on which the period commences constitute a majority of the Board of Directors (the “Incumbent Directors”) cease to constitute a majority thereof for any reason; provided, however,
that a director who was not an Incumbent Director shall be deemed to be an Incumbent Director if such director was elected by, or on the recommendation of, at least two-thirds of the Incumbent Directors (either actually or by prior operation of this
provision), other than any director who is so approved in connection with any actual or threatened contest for election to positions on the Board of Directors; or 
  
 (c) the stockholders of the Company approve a merger or consolidation (other than a transaction involving only the Company
and one or more of its subsidiaries) of the Company with any other company other than (i) a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the combined voting power of the voting securities of the Company (or such surviving entity) outstanding immediately after
such merger or consolidation, or (ii) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no “person” (as hereinafter defined) acquires more than fifty percent (50%) of the
combined voting power of the Company’s then outstanding securities; or 
  
 (d) the stockholders of the Company approve an agreement or adopt a plan relating to the complete liquidation of the Company or approve an agreement for the sale or disposition by the Company of all or substantially
all of the Company’s assets.” 
  
 SECOND: Except
to the extent hereinabove set forth, the Plan shall remain in full force and effect without change or modification. 
  
 [remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, and as evidence of the adoption of the foregoing, the Company has caused this
Amendment No. 3 to be executed by a duly authorized officer this 5th day of December, 2003. 
  

			
	 ROTECH HEALTHCARE INC.

		
	 By:
	 	

	 Name:
	 	 
	 Title:Amended Agreement with Janet L. Ziomek dated March 5, 2004

 Exhibit 10.14 
  

	 Janet Ziomek 
	 March 5, 2004 

 2416 Shoreham Road

 Orlando, Fl 32803 
  
 Re: Amended Agreement with Respect to Rights Upon Termination of Employment 
  
 Dear Janet: 
  
 Rotech Healthcare Inc., a Delaware corporation (the “Company”), is pleased to offer you the following agreement: 
  
 1. You will tender your resignation of employment on the earlier of December
31, 2004 or five (5) business days following your receipt of written notice from the Company (the “Resignation Date”). From the date hereof and continuing through the Resignation Date, you shall continue to perform your regular duties as
Chief Financial Officer and such additional duties, including special projects and transition-related duties, as the Chief Executive Officer may request from time to-time. Following the Resignation Date, you agree, upon request, to cooperate with
the Company in business, legal and transition matters. 
  
 2.
Following the Resignation Date, the Company shall: (a) pay to you, with your final paycheck, any base salary earned by you but not yet paid as of the date of termination; (b) fully reimburse you for all reimbursable expenses; (c) pay to you in a
lump sum no later than eight (8) days after the Company receives the executed general release in favor of the Company referenced hereinafter in this provision, an amount equal to the sum of (i) one hundred fifty percent (150%) of your annual base
salary (measured as of the time of the termination of your employment and without mitigation due to any remuneration or other compensation earned by you following such termination of employment), and (ii) an amount equal to the bonus paid to you for
performance in 2001 (excluding bankruptcy retention related bonuses); and (d) continue your medical coverage under the Company’s group health plan in accordance with the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) for
period of eighteen (18) months from the date of the termination of your employment by directly paying the monthly premiums on your behalf during such period (collectively, the “Severance Benefits”). Your entitlement to the Severance
Benefits is conditioned upon your (A) providing, not later than twenty-one (21) days following receipt of same, a general release in favor of the Company, its parent, subsidiary and affiliate companies, successors and assigns, and each of their
officers, directors and employees (in their official and personal capacities) in a form satisfactory to the Company, that releases any and all claims arising out of, relating to or concerning your employment or the termination of your employment
with the Company; and (B) material compliance with the restrictive covenants set forth in Paragraphs 6, 7 and 8 below. 
  

 1 

 3. In the event the Company terminates your employment for Cause or you resign your employment without
Good Reason prior to the Resignation Date, you will not be eligible for the Severance Benefits. 
  
 4. For purposes of this letter agreement, “Cause” shall include, without limitation, the termination of your employment with the Company due to
the occurrence of one or more of the following events as determined by a majority vote of the Board of Directors: (a) your conviction or your entry of a plea of guilty or nolo contendere to any felony, (b) your engagement in conduct constituting
breach of fiduciary duty, willful misconduct or gross negligence relating to the Company or the performance of your duties (including intentional acts of employment discrimination or sexual harassment) or fraud which have a significant adverse
effect on the Company, (c) your willful failure to follow a reasonable and lawful written directive of the Chief Executive Officer or the Board of Directors (which shall be capable of being performed by you with reasonable effort), (d) your
deliberate and continued failure to perform your material duties, and (e) your intentional disparagement of the Company or any of its affiliate, subsidiary or parent companies or any of their collective executives, shareholders, directors, or
officers in any written or oral communication; provided, however, that you shall receive thirty (30) days’ prior written notice that the Board of Directors intends to meet to consider your termination for Cause and specifying the actions
allegedly constituting Cause. 
  
 5. For purposes of this letter
agreement, “Good Reason” shall mean the occurrence of one or more of the following events: (a) the Company’s failure to pay your base salary, earned bonus or additional earned compensation or its failure to continue your benefits,
perquisites or related benefits, (b) a decrease in your base salary, (c) without your written consent, requiring you to regularly report to work at a facility more than fifty (50) miles from the location of your employment at the time of the
execution of this letter agreement, (d) without your written consent, the directing to you of any duties or responsibilities which are materially inconsistent with your responsibilities, positions and/or titles as described in Paragraph 1 of this
letter agreement, (e) without your written consent, a material reduction in your title, duties, positions or responsibilities as described in Paragraph 1 of this letter agreement, or (f) without your written consent, the failure by the Company to
continue in effect any employee benefit or compensation plan including, but not limited to, any life insurance plan, health insurance plan and accidental death or disability plan in which you participate unless (1) such benefit or compensation plan,
life insurance plan, health insurance plan or related covenant, or accidental death or disability plan or similar plan or benefit is replaced with a comparable plan in which you will participate or which will provide you with comparable benefits, or
(2) the Company requests that you seek comparable coverage under another such plan(s) and the Company reimburses you in full, on an after-tax basis (taking into consideration all net Federal, State and local income taxes), for such coverage. In the
event you believe Good Reason to exist, then you must provide the Company with written notice no later than ninety (90) days after such event or condition you claim constitutes Good Reason occurs specifying the bases for your belief that Good Reason
exists. If the Company shall not have cured or eliminated the event constituting Good Reason within thirty (30) days after receipt of your written notice, upon expiration of such 30-day period, your employment hereunder shall automatically be
terminated. 
  

 2 

 6. By signing this letter agreement, you acknowledge, confirm and agree that, given your position as a
member of the senior management team of the Company, you will be privy to and put in possession of certain confidential and proprietary information regarding the Company, including, but not limited to, plans, strategies, financial information,
business relationships, budgets, projections and personnel information (collectively, “Confidential Information”) and that the disclosure or use by you of any such Confidential Information, other than directly for the purposes of
fulfilling your job requirements, would cause material, substantial and irreparable damage to the Company. Accordingly, you acknowledge and confirm that you have a continuing duty of confidentiality to the Company and agree that you will hold,
during the period of your employment and at all times thereafter, in the utmost and strictest confidence and will not, without the Company’s prior written permission, use or disclose (or act so as to cause the use or disclosure of) any
Confidential Information. This provision shall survive the termination of your employment with the Company. 
  
 7. You further acknowledge and recognize the highly competitive nature of the Company’s business and that you will have the opportunity to develop
substantial relationships with existing and prospective clients, customers, strategic partners and employees and representatives of the Company during the course of and as a result of your employment as a member of senior management of the Company.
In light of the foregoing, you also covenant and agree, that for a period of one (1) year following termination of your employment with the Company, whether voluntary or involuntary, you will not, directly or indirectly, on your own behalf or on
behalf of another person or entity, (a) be engaged in any business (as a principal, partner, director, officer, agent, employee, consultant or otherwise), or be financially interested in any entity or company, that provides or performs any services
that directly compete with the Company, (b) hire or engage, or attempt to hire or engage, on behalf of yourself or any other person or entity, any person known by you to be a current employee, consultant or representative of the Company, or (c)
intentionally or knowingly suggest, assist in or influence a distributor, source, supplier, customer, client or contractor of the Company to sever his, her or its business relationship with, decrease in any material or substantial respect its
activity with, or intentionally or knowingly do anything (whether by act of commission or omission) which would be adverse in any material or substantial respect to the interests of the Company. This provision shall survive the termination of your
employment with the Company. 
  
 8. You further agree that at any
time upon the request of the Company or at the time of the termination of your employment for any reason, you will immediately deliver to the Company (and will not keep in your possession, recreate or deliver to anyone else) any and all Confidential
Information or other property or materials belonging to the Company, its successors or assigns. 
  
 9. You further acknowledge, and by your signature hereby confirm, that the Company has agreed to provide you with the Severance Benefits provided for
herein in consideration for your agreement to be bound by the restrictive covenants contained in Paragraphs 6 through 8 of this letter agreement and that such benefits serve as sufficient consideration therefore. 
  

 3 

 10. This letter agreement, together with the Indemnification Agreement between you and the Company dated
in or about June, 2002, constitute the entire agreement between you and the Company concerning the subject matter hereof. This letter agreement supercedes in its entirety the Agreement With Respect to Rights Upon Termination between you and the
Company dated October 30, 2002. This letter agreement can only be modified in an agreement signed by the parties hereto. There are no other agreements or understandings, either oral or in writing, which are not reflected in this letter agreement.
You warrant and agree that the Company has not made any other agreement, promise or assurance, except those expressed in this document, to induce or persuade you to enter into this letter agreement. 
  
 If the foregoing correctly sets forth our understanding, please sign two (2)
copies of this letter and return it to the undersigned within seven (7) days, whereupon this letter shall constitute a binding agreement between you and the Company. 
  

			
	 Very truly yours,

	
	 Rotech Healthcare Inc.

		
	 By:
	 	  

	 Name: Philip L. Carter

	 Title: CEO & President

  

	
	 Accepted and Agreed:

	  

	 Janet Ziomek

  
  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]