Document:

exv10w22

Exhibit 10.22

Amendment No. 2 to the SXC Health Solutions Corp.

2007 Employee Stock Purchase Plan

WHEREAS, SXC Health Solutions Corp. (the “Company”) has adopted the 2007 Employee Stock
Purchase Plan (the “Plan”); and

WHEREAS, the Board of Directors of the Company desires to amend the Plan as set forth herein.

NOW, THEREFORE, pursuant to Section 15.2 of the Plan, the Plan hereby is amended as follows:

	1.	 	Section 9.1 of the Plan hereby is amended to delete the phrase “except with the
written consent of the Corporation” as it appears in the last sentence therein.

	2.	 	The penultimate sentence of Section 11.1 of the Plan hereby is amended and
restated to read in its entirety as follows:

“Fees and expenses of the bank, broker-dealer or similar custodian shall be paid by the
Corporation or allocated in a uniform manner among the respective participants as
determined by the Committee.”

     In all other respects, the Plan shall remain in full force and effect in accordance
with its terms.

As adopted by the Compensation Committee of the Board of Directors of SXC Health Solutions
Corp. on March 2, 2010.exv10w32

Exhibit 10.32

Amendment to Employment Agreement

This Amendment (the “Amendment”) is made and entered into as of the 1st day of September, 2009
(the “Effective Date”)by and between SXC Health Solutions, Inc, a subsidiary of SXC Health
Solutions Corp. (collectively, the “Company”), and Greg Buscetto (“Employee”), as an amendment to
the Employment Agreement between the Company and Employee dated as of November 6, 2008. Except as
specified below, all other terms and conditions of the Agreement remain in force.

1. Section 1.2 of the Agreement is hereby amended by deleting the paragraph in its entirety and
inserting the following paragraph in its place

Duties. The Employee shall be the Company’s Executive Vice President and General Manager,
InformedRx. Employee shall be responsible for oversight and profitability of the InformedRx
business and will perform other duties as assigned. Employee shall report to the Company’s Chief
Executive Officer and President. Although Employee will not be required to relocate his principal
residence from Dacula, Georgia to the Lisle, IL area until August 31, 2010, Employee shall perform
his duties under this Agreement at the Company’s facilities in Lisle, Illinois or at any subsequent
location of the Company’s primary administrative operations.

2. Section 3.3 of the Agreement is hereby amended by deleting the paragraph in its entirety and
inserting the following paragraph in its place:

3.3 Expenses. During the Employment Period, Employee shall be entitled to reimbursement of
all business expenses reasonably incurred in the performance of Employee’s duties for the Company,
including reasonable travel-related expenses (other then stated below with respect to specific
reimbursement guidelines when in Lisle, IL), upon submission of all receipts and accounts with
respect thereto, and approval by the Company thereof, in accordance with the then current business
expense reimbursement policies of the Company.

Notwithstanding anything else to the contrary herein, expenses incurred while in Lisle, IL will be
handled as follows:

	 	§	 	On and after September 1, 2009, the company will not reimburse Employee for
rental car or personal meals while employee is working in the Lisle office.
	 
	 	§	 	On and after September 1, 2009, Employee will be required to contribute $15,000
towards hotel expenses while working in the Lisle office. This will be taken
through a miscellaneous payroll deduction of $625 per paycheck starting September
11, 2009 and continuing for 24 pay-periods through July 2010.

IN WITNESS WHEREOF, the Company has caused this Amendment to be signed by its duly authorized
representative and Employee has signed this Amendment as of the day and year first above
written.

	 	 	 	 	 	 	 	 	 
	SXC HEALTH SOLUTIONS, INC.	 	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 	/s/ Jeff Park	 	 	 	/s/ B. Greg Buscetto	 	 
	 

	 	 

	 	 	 	 

	 	 
	Name:

	 	Jeff Park	 	 	 	Greg Buscetto	 	 
	 

	 	 

	 	 	 	Executive Vice President and
	 	 
	Title:
	 	CFO	 	 	 	General Manager, InformedRxexv10w33

Exhibit 10.33

Second Amendment to Employment Agreement

This Amendment (the “Amendment”) is made and entered into as of the 1st day of January,
2010 (the “Effective Date”)by and between SXC Health Solutions, Inc, a subsidiary of SXC Health
Solutions Corp. (collectively, the “Company”), and Greg Buscetto (“Employee”), as an amendment to
the Employment Agreement between the Company and Employee dated as of November 6, 2008. Except as
specified below and in the amendment dated September, 1, 2009, all other terms and conditions of
the Agreement remain in force.

1. With respect to the Amendment dated September 1, 2009, all terms and conditions remain in force
with one exception:

The requirement for the employee to make contributions towards hotel expenses through payroll
deductions has been suspended at this time. Deductions will cease on the January 15, 2010 payroll
and will be suspended until further notice. This suspension can be revoked and deductions can be
continued upon Senior Managements discretion. Please note: this may result in payment of this
obligation to continue past July, 2010 as noted in the amendment.

2. Section 1.1 of the Agreement is hereby amended by deleting the paragraph in its entirety and
inserting the following paragraph in its place

Employment. Subject to the terms and conditions of this Agreement, the Company hereby
agrees to continue to employ Employee to serve its as Senior Vice President, Sales, and Employee
hereby accepts such continued employment, and agrees to perform his duties and responsibilities to
the best of Employee’s abilities in a diligent, trustworthy, businesslike and efficient manner.

3. Section 1.2 of the Agreement is hereby amended by deleting the paragraph in its entirety and
inserting the following paragraph in its place

Duties. The Employee shall be the Company’s Senior Vice President, Sales. Employee shall
be responsible for planning, directing of all aspects of SXC’s Sales and Account Management
policies, objectives, and initiatives; developing the Sales and Account management plan to ensure
customer satisfaction and retention; fulfill the growth and revenue goals of the organization;
responsibility for ensuring maximum sales volume of SXC’s products and/or services; and such other
duties as may be reasonable requested by the Company. Employee shall report to the appropriate
Executive as determined by the CEO in his sole discretion.

4. Section 3.1 of the Agreement is hereby amended by deleting the paragraph in its entirety and
inserting the following paragraph in its place:

Annual Base Compensation. During the Employment Period the Company shall pay to Employee an
annual base salary (the “Annual Base Compensation”) in the amount of Two Hundred and Twenty Five
Thousand and 00/100 Dollars ($225,000). The Annual Base Compensation shall be paid in regular
installments in accordance with the Company’s regular payroll practices, and shall be subject to
all required federal, state and local withholding taxes. Employee’s Annual Base Compensation shall
be reviewed annually by the Company’s CEO and President.

5. Section 3.2 of the Agreement is hereby amended by deleting the paragraph in its entirety and
inserting the following paragraph in its place:

Employee Performance Bonus. In respect of each calendar year falling within the Employment
Period, Employee shall be eligible to earn an incentive compensation bonus, depending upon the
achievement of the Company’s and Employee’s performance objectives (the “Incentive Compensation
Bonus”). The amount of the Incentive Compensation Bonus shall be targeted at fifty percent (50%) of
the Employee’s Annual Base Compensation, with the specific percentage determined by the Company’s
Board of Directors after the close of the Company’s fiscal year (December 31). The Incentive
Compensation Bonus, if any, shall be paid to Employee at the same time other members of the Senior
Executive Team are paid their respective incentive compensation bonuses. Additionally, the

 

 

Company will establish a set of stretch performance objectives which if achieved, will provide
Employee the opportunity to earn in excess of one hundred percent (100%) of the Incentive
Compensation Bonus target. If the Employee’s employment terminates during the calendar year due to
Termination without Cause (5.4.(c)) or a Termination Arising Out of a Change of Control (5.4.(d)),
the Employee shall receive a pro rata amount of the Incentive Compensation Bonus that Employee
would have received if Employee remained employed throughout the calendar year. If Employee
employment terminates during the calendar year for any other reason, then no Incentive Compensation
Bonus shall be paid to Employee for the calendar year in which the termination occurred. To the
extent practicable, the Company will notify Employee of Employee’s performance objectives for the
year in January of that year.

IN WITNESS WHEREOF, the Company has caused this Amendment to be signed by its duly authorized
representative and Employee has signed this Amendment as of the day and year first above
written.

	 	 	 	 	 	 	 	 	 
	SXC HEALTH SOLUTIONS, INC.	 	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 	/s/ Jeff Park	 	 	 	/s/ B. Greg Buscetto	 	 
	 

	 	 

	 	 	 	 

	 	 
	Name:

	 	Jeff Park	 	 	 	Greg Buscetto	 	 
	 

	 	 

	 	 	 	 

	 	 
	Title:

	 	CFO	 	 	 	Senior Vice President,
Sales &
Account ManagementExhibit 10(q)

Exhibit 10(q)

Execution Version

 

Ladish Co., Inc.

Third Amendment

Dated as of December 21, 2009

to

Note Purchase Agreements dated as of July 20, 2001

Re: 6.14% Senior Notes, Series B, due May 16, 2016

6.41% Senior Notes, Series C, due September 2, 2015

 

 

 

 

Table of Contents

(Not a part of this Third Amendment)

	 	 	 	 	 	 	 	 	 
	Section	 	 	Heading	 	Page	 
	 	 	 	 	 
	 	 	 	 
	Section 1.	 	Amendments To Note Purchase Agreements
	 	 	3	 
	 	 	 	 	 
	 	 	 	 
	Section 2.	 	Conditions Precedent
	 	 	4	 
	 	 	 	 	 
	 	 	 	 
	Section 3.	 	Representations and Warranties
	 	 	5	 
	 	 	 	 	 
	 	 	 	 
	Section 4.	 	Miscellaneous
	 	 	6	 

Schedule I — Name of Holders and Principal Amount of Series B Notes and Series C Notes

 

2

 

Dated as of

December 21, 2009

To each of the holders

listed in Schedule I to

this Third Amendment

Ladies and Gentlemen:

Reference is made to the separate Note Purchase Agreements, each dated as of July 20, 2001, as
amended by a First Amendment thereto dated as of May 15, 2006, as supplemented by a Series B Terms
Agreement dated as of May 16, 2006, as further supplemented by a Series C Terms Agreement dated as
of September 2, 2008, and as further amended by a Second Amendment thereto dated as of September 2,
2008 (the “Note Purchase Agreements”), by and between Ladish Co., Inc., a Wisconsin corporation
(the “Company”), and each of the purchasers of the $40,000,000 aggregate principal amount of 6.14%
Senior Notes, Series B, due May 16, 2016 (the “Series B Notes”) and each of the purchasers of the
$50,000,000 aggregate principal amount of 6.41% Senior Notes, Series C, due September 2, 2015 (the
“Series C Notes,” and together with the Series B Notes, the “Notes”) of the Company issued pursuant
thereto. Capitalized terms used in this Third Amendment (this “Third Amendment”) without
definition shall have the meanings given such terms in the Note Purchase Agreements.

For good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company requests the amendment of certain provisions of the Notes and the Note
Purchase Agreements as hereinafter provided.

Upon your acceptance hereof in the manner hereinafter provided and upon satisfaction of all
conditions to the effectiveness hereof and receipt by the Company of similar acceptances from each
of the holders of Notes, this Third Amendment shall be effective, but only in the respects
hereinafter set forth:

Section 1. Amendments To Note Purchase Agreements.

Section 1.1. Section 10.9 of the Note Purchase Agreements is hereby amended and restated in
its entirety as of the date hereof as follows:

“Section 10.9. Consolidated Net Indebtedness to Consolidated Cash Flow.
The Company will not, at the end of any fiscal quarter, permit the ratio of
Consolidated Net Indebtedness determined at such time to Consolidated Cash
Flow determined for the four consecutive fiscal quarters then ended, to exceed
4.00:1.00.”

Section 1.2. The Note Purchase Agreements are hereby amended as of the date hereof by adding
the following Section 22.7 immediately following Section 22.6 appearing in the Note Purchase
Agreements:

 

3

 

			
	Ladish Co., Inc.
	 	Third Amendment

“Section 22.7. FASB 159. For purposes of determining compliance with the
financial covenants set forth in this Agreement, any election by the Company
to measure any financial liability using fair value (as permitted by Statement
of Financial Accounting Standards No. 159 or any similar accounting standard)
shall be disregarded and such determination shall be made as if such election
had not been made.”

Section 1.3. Schedule B of the Note Purchase Agreements is hereby amended as of the date
hereof by adding a new definition of “Consolidated Net Indebtedness” thereto in property
alphabetical order, as follows:

““Consolidated Net Indebtedness” means, as of the date of any determination thereof, (a) the
total of all Indebtedness of the Company and its Subsidiaries outstanding on such date less (b) the
total of all unrestricted cash and cash equivalents of the Company and its Subsidiaries at such
date, all as determined on a consolidated basis in accordance with GAAP.”

Section 2. Conditions Precedent.

This Third Amendment shall not become effective until, and shall become effective on, the
Business Day when each of the following conditions shall have been satisfied:

(a) Each holder shall have received this Third Amendment, duly executed by the Company.

(b) The Required Holders of each Series of Notes shall have consented to this Third
Amendment as evidenced by their execution thereof.

(c) Each holder of Notes shall have received from the Company a fully earned,
non-refundable amendment fee equal to the sum of the outstanding principal balance of the
Notes held by such holder as of the date hereof multiplied by 0.05%.

(d) The representations and warranties of the Company set forth in Section 3 hereof
shall be true and correct as of the date of the execution and delivery of this Third
Amendment.

(e) Any consents or approvals from any holder or holders of any outstanding security or
indebtedness of the Company and any amendments of agreements pursuant to which any
securities or indebtedness may have been issued which shall be necessary to permit the
consummation of the transactions contemplated hereby shall have been obtained and all such
consents or amendments shall be reasonably satisfactory in form and substance to the holders
and their special counsel.

 

4

 

			
	Ladish Co., Inc.
	 	Third Amendment

(f) All corporate and other proceedings in connection with the transactions
contemplated by this Third Amendment and all documents and instruments incident to such
transactions shall be satisfactory to you and your special counsel, and you and your special
counsel shall have received all such counterpart originals or certified or other copies of
such documents as you or they may reasonably request.

(g) Each holder shall have received such certificates of officers of the Company as it
may reasonably request with respect to this Third Amendment and the transactions
contemplated hereby.

(h) The Company shall have paid the fees and disbursements of the holders’ special
counsel, Chapman and Cutler LLP, incurred in connection with the negotiation, preparation,
execution and delivery of this Third Amendment and the transactions contemplated hereby
which fees and disbursements are reflected in the statement of such special counsel
delivered to the Company at the time of the execution and delivery of this Third Amendment.

Section 3. Representations and Warranties.

The Company hereby represents and warrants that as of the date hereof and as of the date of
execution and delivery of this Third Amendment:

(a) The Company is duly incorporated, validly existing and in active status under the
laws of its jurisdiction of incorporation.

(b) This Third Amendment, the Note Purchase Agreements, as amended hereby, and the
transactions contemplated hereby are within the corporate power of the Company, have been
duly authorized by all necessary corporate action on the part of the Company, and this Third
Amendment and the Note Purchase Agreements, as amended hereby, have been duly executed and
delivered by the Company and constitute legal, valid and binding obligations of the Company
enforceable in accordance with their respective terms.

(c) Immediately prior to and after giving effect to this Third Amendment, there are no
Defaults or Events of Default under the Note Purchase Agreements, as amended hereby.

(d) The execution, delivery and performance of this Third Amendment and the Note
Purchase Agreements, as amended hereby, by the Company does not and will not result in a
violation of or default under (i) the articles of incorporation or bylaws of the Company,
(ii) any agreement to which the Company is a party or by which it is bound or to which the
Company or any of its properties is subject, (iii) any order, writ, injunction or decree
binding on the Company, or (iv) any statute, regulation, rule or other law applicable to the
Company.

 

5

 

			
	Ladish Co., Inc.
	 	Third Amendment

(e) No consent, approval or authorization of, or registration, filing or declaration
with, any Governmental Authority is required in connection with the execution, delivery or
performance by the Company of this Third Amendment and the Note Purchase Agreements, as
amended hereby.

(f) The Company has not paid or agreed to pay any fees or other consideration, or given
any additional security or collateral, or shortened the maturity or average life of any
indebtedness or permanently reduced any borrowing capacity, in each case, in connection with
the obtaining of any consents or approvals of any Person in connection with the transactions
contemplated hereby, other than (i) to the lenders under the Credit Agreement in the amount
of $35,000 and (ii) to the holders of the Notes of the amendment fee described in Section
2(c) hereof.

(g) Other than this Third Amendment and the amendments and supplements identified in
the Preamble to this Third Amendment, there are no other amendments, modifications,
supplements or waivers to the Note Purchase Agreements or the Notes.

Section 4. Miscellaneous.

Section 4.1. Except as amended herein, all terms and provisions of the Note Purchase
Agreements, the Notes and related agreements and instruments are hereby ratified, confirmed and
approved in all respects.

Section 4.2. Each reference in the Note Purchase Agreements to “this Agreement,” “hereunder,”
“hereof,” or words of similar import in instruments or documents provided for in the Note Purchase
Agreements or delivered or to be delivered thereunder or in connection therewith, shall, except
where the context otherwise requires, be deemed a reference to the Note Purchase Agreement, as
amended hereby.

Section 4.3. This Third Amendment shall be governed by and construed in accordance with the
internal laws of the State of Wisconsin.

Section 4.4. This Third Amendment and all covenants herein contained shall be binding upon and
inure to the benefit of the respective successors and assigns of the parties hereunder and all
holders of additional Series of Notes. All representations, warranties and covenants made by the
Company herein shall survive the closing and the delivery of this Third Amendment.

Section 4.5. This Third Amendment may be executed in any number of counterparts, each of which
shall be deemed to be an original and all of which, taken together, shall constitute but one and
the same Third Amendment. Delivery of an executed counterpart of this Third Amendment by facsimile
shall be as effective as delivery of a manually executed counterpart of this Third Amendment.

[Signature Page Follows]

 

6

 

			
	Ladish Co., Inc.
	 	Third Amendment

The execution hereof by the holders shall constitute a contract among the Company and the
holders for the uses and purposes hereinabove set forth.

	 	 	 	 	 
	 	Ladish Co., Inc.

 	 
	 	By:  	/s/  Wayne E. Larsen
 	 
	 	 	Name:  	Wayne E. Larsen 	 
	 	 	Title:  	Vice President Law/Finance & Secretary 	 

[Signature page to Third Amendment]

 

7

 

			
	Ladish Co., Inc.
	 	Third Amendment

This foregoing Third Amendment is hereby accepted and agreed to as of the date aforesaid. The
execution by each holder listed below shall constitute its respective several and not joint
confirmation that it is the owner and holder of the Notes set opposite its name on Schedule I
hereto.

Accepted as of the date first written above.

	 	 	 	 	 
	 	Teachers Insurance and Annuity 

     Association of America

 	 
	 	By:  	/s/  Brian Roelke
 	 
	 	 	Name:  	Brian Roelke 	 
	 	 	Title:  	Director 	 

[Signature page to Third Amendment]

 

8

 

			
	Ladish Co., Inc.
	 	Third Amendment

Accepted as of the date first written above.

	 	 	 	 	 
	 	First Great-West Life & Annuity 

     Insurance Company

 	 
	 	By:  	/s/  Eve A. Hampton
 	 
	 	 	Name:  	Eve A. Hampton 	 
	 	 	Title:  	Vice President, Investments 	 
	 	 	 
	 	By:  	                                                  /s/  James Lowery
 	 
	 	 	Name:  	James Lowery 	 
	 	 	Title:  	Asst. Vice President, Investments 	 

[Signature page to Third Amendment]

 

9

 

			
	Ladish Co., Inc.
	 	Third Amendment

Accepted as of the date first written above.

	 	 	 	 	 
	 	London Life Insurance Company

 	 
	 	By:  	/s/  B. R. Allison
 	 
	 	 	Name:  	B. R. Allison 	 
	 	 	Title:  	Authorized Signatory 	 
	 	 	 
	 	By:  	                                                  /s/  D. B. E. Ayers
 	 
	 	 	Name:  	D. B. E. Ayers 	 
	 	 	Title:  	Authorized Signatory 	 

[Signature page to Third Amendment]

 

10

 

			
	Ladish Co., Inc.
	 	Third Amendment

Accepted as of the date first written above.

	 	 	 	 	 
	 	Thrivent Financial for Lutherans

 	 
	 	By:  	/s/  Alan D. Onstad
 	 
	 	 	Name:  	Alan D. Onstad 	 
	 	 	Title:  	Senior Director 	 

[Signature page to Third Amendment]

 

11

 

			
	Ladish Co., Inc.
	 	Third Amendment

Accepted as of the date first written above.

	 	 	 	 	 
	 	The Prudential Insurance Company

      of America

 	 
	 	By:  	/s/  William S. Engelking
 	 
	 	 	Name:  	William S. Engelking 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	Pruco Life Insurance Company

 	 
	 	By:  	/s/  William S. Engelking
 	 
	 	 	Name:  	William S. Engelking 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	United of Omaha Life Insurance Company

 	 
	 	By:  	Prudential Private Placement Investors,
 	 
	 	 	L.P. (as Investment Advisor) 	 
	 	 	 
	 	By:  	                                        Prudential Private Placement Investors, Inc.
 	 
	 	 	(as its General Partner) 	 
	 	 	 
	 	By:  	                                          /s/  William S. Engelking
 	 
	 	 	Name:  	William S. Engelking 	 
	 	 	Title:  	Vice President 	 

[Signature page to Third Amendment]

 

12

 

			
	Ladish Co., Inc.
	 	Third Amendment

	 	 	 	 	 
	 	 	Outstanding Principal Amount of Series 	 
	 	 	B Notes Held as of	 
	Name of Holder	 	December 21, 2009	 
	London Life Insurance Company
	 	$	7,500,000	 
	Teachers Assurance and Annuity Association of America
	 	$	25,000,000	 
	First Great-West Life & Annuity Insurance Company
	 	$	7,500,000	 
	Total
	 	$	40,000,000	 

	 	 	 	 	 
	 	 	Outstanding Principal Amount of Series 	 
	 	 	C Notes Held as of	 
	Name of Holder	 	December 21, 2009	 
	Swanbird & Co (as nominee for Thrivent Financial for Lutherans)
	 	$	23,000,000	 
	The Prudential Insurance Company of America
	 	$	15,250,000	 
	Pruco Life Insurance Company
	 	$	5,000,000	 
	United of Omaha Life Insurance Company
	 	$	6,750,000	 
	Total
	 	$	50,000,000	 

 

13

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