Document:

Employment Agreement, dated June 1, 2006 - Gregory S. Roth

 Exhibit 10.14 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT (the
“Agreement”) is effective as of the 1st day of June, 2006 (the “Effective Date”) by and between Team Health, Inc., a Tennessee corporation (the “Company”), and Gregory S. Roth (“Employee”) as an amendment and
restatement of the employment agreement between the parties dated October 4, 2004 (the “Prior Agreement”). 
 WITNESSETH: 
 WHEREAS, Employee has served as the President and Chief Operating Officer to the Company; and

 WHEREAS, in connection with the transactions contemplated by the Agreement and Plan of Merger dated as of October 11,
2005 by and among Team Health Holdings, L.L.C., Team Health, Inc, Team Finance LLC, Team Health MergerSub, Inc., Ensemble Parent LLC and Ensemble Acquisition (the “Merger Agreement”), the Company and Employee wish to amend and restate the
Prior Agreement effective upon, and conditioned upon the Effective Date; 
 NOW THEREFORE, based upon these premises, and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties do hereby agree upon the terms and conditions of Employee’s employment with the Company that are set forth herein, and do hereby
acknowledge that this instrument completely supercedes all previous writings as amendment and restatement of Employee’s employment agreement: 
 1. Effectiveness/Employment and Term. 
 (a) This Agreement constitutes a
binding obligation of the parties as of the date hereof; provided that notwithstanding any other provision of this Agreement, the operative provisions of this Agreement shall become effective as the Effective Date, at which time, this Agreement
shall supercede the Prior Agreement which shall thereupon be deemed to be terminated without further force or effect. 
 (b) The Company agrees to employ Employee and Employee agrees to be employed by the Company pursuant to the terms of this Agreement, and for the term of this Agreement, as Chief Operating Officer,
reporting to the Chief Executive Officer (“Supervisor”) to perform the duties assigned to Employee by the Company. The term of this Agreement shall be for a period of five (5) years commencing with the Effective Date, subject to
earlier termination pursuant to this Agreement. Thereafter, this Agreement shall automatically renew for successive one (1) year terms unless (i) sooner terminated pursuant to the terms of this Agreement or (ii) either party gives the
other party written notice of its intention not to renew at least one hundred eighty (180) days prior to the expiration of the then current term. 
 2. Duties. Employee will perform all duties customarily incident to Employee’s position and such duties that are properly assigned to from time to time by the Company and/or Supervisor.
Employee shall devote Employee’s entire business time, attention and effort to the affairs of the Company and shall use his reasonable best efforts to promote the interests and success of the Company, and shall cooperate fully with the
Supervisor in the advancement of the

 
best interests of the Company, Provided, however, Employee may serve on corporate, civic or charitable boards or committees, deliver lectures, fulfill speaking engagements, or manage personal
investments, provided that such activities do not individually or in the aggregate significantly interfere with, or are otherwise not inconsistent with, the performance of Employee’s duties under this Agreement. Nothing herein shall prevent
Employee from engaging in certain passive investments so long as the same do not require Employee’s management efforts, are passive, are not inconsistent with Executive’s duties hereunder and are not prohibited by the restrictive covenants
of Section 7. 
 3. Compensation. 
 3.1. Salary. Employee shall receive an annualized salary of Four Hundred Twenty-Eight Thousand Four Hundred Ninety Dollars ($428,490) per year, payable biweekly Commencing April 1, 2007, the
Company will annually review Employee’s total compensation and may, in its sole discretion, increase Employee’s salary from time to time without the necessity of further action to amend this Agreement. Employee’s base salary as in
effect at any time is hereinafter referred to as the “Base Salary”. 
 3.2. Bonus. For fiscal each year of
Company, Employee will be eligible to earn a bonus payment based on performance, determined in accordance with Exhibit A (the “Bonus”). The Bonus, if any, shall be paid to Employee within two and one-half (2.5) months after the end
of the applicable fiscal year. 
 3.3. Taxes and Other Applicable Deductions. From all compensation paid to Employee, the
Company shall withhold all applicable sums for all state, federal and local taxes, and such other amounts as are necessary and applicable or agreed to by Employee. 
 4. Employee Benefits. In addition to Employee’s salary, Employee shall be entitled to all standard benefits normally provided by the Company to its similarly situated executive officers, which
may be sponsored, developed or established by the Company from time to time in the sole discretion of the Company. Notwithstanding the above, Employee shall receive, at a minimum, the following benefits: 
 4.1. Medical Coverage. The Company shall provide a standard medical benefit package, as offered to other employees of the Company,
throughout the term of this Agreement for you and your dependants, the cost of which shall be paid for by the Company. 
 4.2.
Dental Coverage. The Company shall provide a standard dental benefit package, as offered to other employees of the Company, throughout the term of this Agreement for you and your dependants, the cost of which shall be paid for by the Company.

 4.3. Life Insurance. The Company will obtain and maintain a life insurance policy on the life of Employee in the face
amount that is equivalent to Employee’s Base Salary specified in Section 3.1, as adjusted from time to time, multiplied by three; provided, that the amount of premiums paid by the Company is limited to insurance rates applicable to a
healthy individual of like age. The Company agrees to pay all such premiums, if any, on the policy during the term of employment provided herein. 
  

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 4.4 Vacation. Employee is entitled to take up to four (4) weeks and four
(4) days of fully compensated paid time off per annum, increased from time to time per Employer’s policies with respect thereto. 
 4.5 Professional Fees/Journals/Society Memberships Stipend. The Company shall pay Employee One Thousand Dollars ($1,000.00) per annum to help defray Employee’s miscellaneous costs in
maintaining professional relationships. 
 4.6 Directors and Officers Insurance. The Company shall provide Employee with
a standard directors and officers insurance policy, as provided by the Company to other directors and/or officers of the Company, its affiliates and subsidiaries. 
 4.7 Personal Financial Planning Assistance. Effective with the onset of this Agreement, the Company shall pay Employee Eight Hundred Dollars ($800.00) per annum as a stipend to help defray costs
for personal tax preparation and/or other personal and family financial planning costs. 
 4.8 Long-Term Disability Insurance
Benefit. At a minimum, the Company shall acquire for Employee long-term disability insurance coverage throughout the term of this Agreement, for which protection to Employee shall apply after ninety (90) days of continuous disability with
protection to age sixty-five (65) years and at sixty percent (60%) of Employee’s Base Salary, plus integration of benefits with government and certain other disability benefit programs (which may, inclusively, approximate sixty-five
percent (65%) of Employee’s Base Salary). 
 4.9 Automobile Expense. The Company shall pay Employee One
Thousand Dollars ($1,000.00) per month as an automobile allowance. 
 5. Business Expenses. The Company will reimburse
Employee, within 60 days following submission by Employee to the Company of appropriate supporting documentation) for Employee’s usual and customary business expenses incurred in the course of Employee’s employment in accordance with the
Company’s applicable policies and procedures, including expenditure limits and substantiation requirements, in effect from time to time regarding reimbursement of expenses incurred by similar situated employees of the Company; provided claims
for such reimbursement (accompanied by supporting documentation) are submitted to the Company within 90 days following the date such claims are incurred. 
 6. Termination. Notwithstanding any other provision of this Agreement, the provisions of this Section 6 shall exclusively govern Employee’s rights under this Agreement upon termination of
employment with the Company and its affiliates. 
 6.1 Mutual Agreement/Resignation without Good Reason/Death or
Disability. Employee’s employment shall terminate upon the occurrence of either of the following events: 
 (a) The
Company and Employee shall mutually agree to termination in writing or Employee shall resign without Good Reason; provided that Employee shall be obligated to give the Company at least 90 days advance written notice of any resignation without
Good Reason. Except as otherwise provided in Section 6.6(a) (i), upon Employee’s termination

  

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of employment due to mutual agreement, or the resignation of employment by Employee without Good Reason (as defined herein), Company will pay to Employee the amount of any unpaid Base Salary owed
through the date of termination, and shall reimburse Employee for any unreimbursed expenses pursuant to Section 5 for expenses incurred in the performance of his duties hereunder prior to termination. 
 (b) The death of Employee or termination by the Company due to Employee’s Disability. Disability for purposes of this Agreement shall
be the inability of Employee to materially perform his duties hereunder due to a physical or mental condition for a period of 90 consecutive days, as reasonably determined by the Board in good faith. Upon Employee’s termination of employment
for death or disability, Company will pay to Employee the amount of any unpaid Base Salary owed through the date of termination, and shall reimburse Employee for any unreimbursed expenses pursuant to Section 5 for expenses incurred in the
performance of his duties hereunder prior to termination. 
 6.2 Termination for Cause. Employee’s employment may be
terminated by the Company for “Cause” upon the occurrence of any of the following events: 
 (a) Employee’s
conviction of or the entering of a guilty plea or plea of no contest with respect to a felony, the equivalent thereof, or any other crime involving fraud, dishonesty or moral turpitude which in the reasonable judgment of the Company is materially
detrimental to the Company or materially affects Employee’s ability to perform his duties pursuant to this Agreement; 
 (c) Employee’s intentional neglect of or material inattention to Employee’s duties, which neglect or inattention remains uncorrected for more than 10 days following written notice from the Company detailing such neglect or
inattention; 
 (d) Employee commits an intentional and material act (i) to defraud the Company or its affiliates, or
(ii) of embezzlement or dishonesty against the Company or its affiliates; or 
 (e) Employee willfully impedes or
endeavors to influence, obstruct or impede or fails to materially cooperate with an investigation authorized by the Company, a self-regulatory organization or a governmental department or agency. 
 Upon the Company’s termination of employment for Cause or upon termination of employment due to death or disability, Company will pay to Employee the
amount of any unpaid Base Salary owed through the date of termination, and shall reimburse Employee for any unreimbursed expenses pursuant to Section 5 for expenses incurred in the performance of his duties hereunder prior to termination, and
Company will have no other liability to Employee hereunder Such termination shall be without prejudice to any other remedy to which the Company may be entitled, either by law, or in equity, or under the terms of this Agreement. 
 6.3 Termination Without Cause. In the event that the Company terminates Employee’s employment without Cause, Company will pay to
Employee the amount of any unpaid Base Salary owed through the date of termination, and shall reimburse Employee for any unreimbursed expenses pursuant to Section 5 for expenses incurred in the performance of his duties hereunder prior to
termination. In addition, Employee shall be entitled to the severance compensation and rights described in Section 6.5(a). 
  

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 6.4 Termination for Good Reason. Employee may voluntarily resign his employment for
“Good Reason” upon the occurrence of any of the following: 
 (a) The assignment to Employee of duties that represent
a Substantial Adverse Alteration in the status of his primary responsibilities, A “Substantial Adverse Alteration” of Employee’s status or responsibilities shall include, but not be limited to, (i) any change in Employee’s
authority whereby Employee does not report directly to the then Chief Executive Officer, (ii) if any other employee or person is given authority by the Board whereby such person is senior to or otherwise entitled to exercise authority over
Employee of there than Supervisor, or Employee reports to such person other than the then Chief Executive Officer, or (c) in the event the Company causes Employee to cease to be a Chief Operating Officer of the Company without Employee’s
consent. 
 (b) Any reduction in his annual Base Salary, other than an across-the-board reduction for similarly situated
employees of the Company or failure to award incentive compensation as contemplated in Section 3.2. 
 (c) The required
relocation to a place of business more than 50 miles away from Employee’s current place of business. 
 (d) Any material
breach by the Company of this Agreement that is adverse to Employee. 
 Notwithstanding the foregoing, no event shall constitute Good Reason
unless and until Employee shall have notified the Company in writing describing the event which constitutes Good Reason and then only if the Company shall fail to cure such event with twenty (20) days following its receipt of such written
notice; provided, further, that “Good Reason” shall cease to exist for an event on the 60th day following the later of its occurrence or Employee’s knowledge thereof, unless Employee has given the Company written notice thereof prior
to such date. 
 Upon Employee’s termination of employment for Good Reason, Company will pay to Employee the amount of any unpaid Base
Salary owed through the date of termination, and shall reimburse Employee for any unreimbursed expenses pursuant to Section 5 for expenses incurred in the performance of his duties hereunder prior to termination. In addition, Employee shall be
entitled to the severance compensation and rights described in Section 6.5(a). 
 6.5 Severance Compensation and Other
Obligations. 
 (a) If Employee’s employment is terminated by the Company without Cause or by Employee for Good Reason
or by the Company for any reason (other than death or disability) within one year after a Sale of the Company (as hereinafter defined), then, subject to Employee’s continued compliance with the provisions of Section 7 and 8 of this
Agreement, the Company shall provide to Employee the following: 
 (i) Employee will receive an amount equal to
two (2) times Employee’s Base Salary, payable in twenty-four (24) equal monthly installments, beginning on the date of termination. 
  

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 (ii) Employee will receive an amount equal to two (2) times the
average annual Bonuses paid to Employee pursuant to Section 3.2 of this Agreement (or Section 3.2 of the Prior Agreement, as applicable) for the two most recently completed Measuring Periods (as defined in Exhibit A), payable in
twenty-four (24) equal monthly installments, beginning on the date of termination. 
 (iii) Payment or
reimbursement of all premiums for medical benefits elected by Employee pursuant to the continuation of medical coverage under section 4980B of the Internal Revenue Code and sections 601 through 608, inclusive, of ERISA (collectively,
“COBRA”) and, upon the expiration of COBRA continuation coverage, a lump sum cash payment in an amount equal to the COBRA premiums due for medical benefits elected by Employee for a period of 24 months, less the period for which
COBRA continuation coverage was actually in effect. 
 6.6. Sale of the Company. A “Sale of the
Company” means: the occurrence of a Change of Control (as defined in the Amended and Restated Limited Liability Company Agreement of Team Health Holdings, LLC, dated as of November 23rd, 2005). For the avoidance of doubt, the consummation of the transactions contemplated by the Merger
Agreement shall not constitute a Sale of the Company. 
 7. Restricted Activities. 
 7.1. Preliminary Statement. Employee acknowledges that by virtue of Employee’s duties under this Agreement, Employee shall become
aware of various sensitive and confidential information, and shall develop contacts and relationships which Employee otherwise would not have had access to or developed. Employee further acknowledges that such information and relationships would
give Employee an unfair competitive advantage should Employee compete with the Company. Employee further acknowledges that the Company has certain subsidiaries and affiliates (collectively, the “Related Companies”) and that Employee may
also become aware of certain confidential information relating to the Related Companies and will develop certain contacts and relationships with clients or customers of the Related Companies which would give Employee an unfair competitive advantage
if Employee should compete with the Related Companies. Accordingly, Employee agrees that Employee shall not, directly or indirectly, whether alone or as a partner, officer, director, investor, employee, agent, member or shareholder of any other
entity or corporation, without the prior written consent of the Company, violate any of the covenants (the “Covenants”) set forth in this Section 7. For purposes of this Agreement, the term “affiliate” shall mean any
person or entity which controls, is controlled by, or is under common control with the Company or a Related Company. 
 7.2
Covenant Not to Divulge Confidential Information. During the term of Employee’s employment with the Company, whether pursuant to this Agreement or otherwise, and after termination of Employee’s employment with the Company, Employee
shall not (i) use any Confidential Information of or concerning the Company or the Related Companies except

  

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for the Company’s benefit or (ii) disclose or divulge to any third party any Confidential Information relating to the Company or the Related Companies, except as otherwise required by
law, “Confidential Information” shall mean information concerning the Company or any Related Company, whether written or oral, which Employee is or becomes aware of and which has not been publicly disclosed. Information shall not be deemed
“publicly disclosed” if disclosed by Employee in violation of this Agreement or as a result of such information being disclosed to employees or agents of the Company or any Related Company. 
 7.3. Covenant Not to Compete or Interfere with Business Relationships. During the term of Employee’s employment with the
Company, whether pursuant to this Agreement or otherwise, for a period of two (2) years after termination of Employee’s employment with the Company Employee shall not engage in any activity competitive with or adverse to the Company or any
Related Company described in this Section 7.3. 
 (a) Employee shall not solicit or hire (for Employee or on behalf of a
third party) any person who is then, or during the term of this Agreement was, an employee or contractor (including, without limitation, any contract physicians) of the Company or any Related Company Contract physicians shall include those
physicians with whom the Company or any Related Company then has a contract, or which have actively been recruited by the Company or any Related Company within one hundred eighty (180) days prior to termination of this Agreement. 
 (b) Employee shall not induce or attempt to induce any person or entity doing business with the Company or any Related Company, to
terminate such relationship, or engage in any other activity detrimental to any Related Company. Specifically, Employee shall not solicit or contract with (a) any then current client of the Company or any Related Company, (b) any client
with which the Company or any Related Company previously did business during the one (1) year period immediately prior to termination of Employee’s employment with the Company, or (c) any prospective client of the Company or any
Related Company which the Company or a Related Company was “actively seeking” to do business with within the one (1) year period immediately before termination of Employee’s employment with the Company. (For purposes of this
Agreement, the Company or a Related Company will be deemed to have been “actively seeking” to do business with a prospective client if the Company or a Related Company did any of the following: (A) met with the administration of such
prospective client, (B) submitted a response to a Request for Proposal (“RFP”) or other formal proposal from such prospective client, or (C) made any other written response to a request, solicitation, or initial discussion by or
with such prospective client). 
 (c) Employee shall not be employed by nor have any financial relationship with any entity
which directly or indirectly performs any competitive activity which Employee is individually prohibited from performing under the terms of this Agreement. 
 (d) Notwithstanding the restrictions specified in this Section 7, nothing herein shall be construed to prohibit Employee from: (i) owning, solely as a passive investment, the securities of an
entity which are publicly traded on a national or regional stock exchange or on the over-the-counter market or investing through a private equity fund in securities of an entity that is not publicly traded, provided that Employee (A) is not a
controlling person or, or a

  

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member of a group which controls, such entity and (B) does not, directly or indirectly, own 5% or more of any class of securities of such entity; (ii) owning, solely as a passive
investment, the securities of an entity which are not publicly traded provided that such entity is not engaged in a principal business of providing emergency room services to hospitals or (iii) being employed by facility healthcare providers
such as hospitals, surgery centers and the like. 
 Except as specifically provided herein, Employee is free to engage in any business activity,
not otherwise prohibited by this Agreement, in any geographic location. 
 7.4 Construction. For purposes of this
Section 7, the term “then” shall mean at the time of Employee’s engagement in the applicable conduct. The Covenants are essential elements of this Agreement, and but for Employee’s agreement to comply with the
Covenants, the Company would not have entered into this Agreement. The Covenant shall be construed as independent of any other provisions in this Agreement. Except as provided in Section 7.6 below, the existence of any claim or cause of
action of Employee against the Company or any Related Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement of any of the Covenants. The period of time during which Employee is prohibited from
engaging in the business practices described in the Covenants shall be extended by any length of time during which Employee is in breach of the Covenants. The Company and Employee agree that the Covenants are appropriate and reasonable when
considered in light of the nature and extent of the business conducted by the Company. However, if a court of competent jurisdiction determines that any portion of the Covenants, including without limitation, the specific time period, scope or
geographical area, is unreasonable or against public policy, then such Covenants shall be considered divisible as to time, scope, and geographical area and the maximum time period, scope or geographical area which is determined to be reasonable and
not against public policy shall be enforced. 
 7.5 Remedies. The parties agree that if Employee breaches any Covenant,
the Company or the Related Companies, as applicable, will suffer irreparable damages and Employee will receive a benefit for which Employee had not paid. Employee agrees that (i) damages at law will be difficult to measure and an insufficient
remedy to the Company or a Related Company in the event that Employee violates the terms of this Section 7 and (ii) the Company and the Related Companies shall be entitled, upon application to a court of competent jurisdiction, to
obtain injunctive relief to enforce the provisions of this Section 7 without the necessity of posting a bond or proving actual damages, which injunctive relief shall be in addition to any other rights or remedies available to the Company
or the Related Companies. No remedy shall be exclusive of any other, and neither application for nor obtaining injunctive or other relief shall preclude any other remedy available, including money damages and reasonable attorneys’ fees.
Employee acknowledges and agrees that the Related Companies are intended beneficiaries of the Covenants and shall have the same rights and remedies as the Company to enforce the Covenants. 
 7.6 Limitation on Enforcement. In the event the Company materially breaches this Agreement by failing to meet a payment obligation
hereunder (as defined below), and Employee is not in breach of this Agreement, then Employee shall no longer be bound by the Covenants. For purposes of this Agreement, “materially breaches this Agreement by failing to meet a payment obligation
hereunder” shall mean (i) the Company has failed to meet a payment

  

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obligation hereunder (and likewise failed to cure such nonpayment within thirty (30) days following notice from Employee) and (ii) the Company did not have a good faith basis to not pay
the disputed payment to Employee. If the Company has a good faith dispute regarding the amount owed to Employee, such dispute shall be submitted to arbitration pursuant to Section 20 herein. If a good faith dispute does exist regarding any
payment obligation, the Company shall only be deemed to have materially breached this Agreement by failing to meet a payment obligation hereunder if, after the amount to be paid is determined by an arbitrator, the Company does not pay such amount
awarded by the arbitrator within thirty (30) days after the arbitrator’s decision. 
 8. Inventions and
Intellectual Property. Employee acknowledges that all developments, including, without limitation, inventions, patentable or otherwise, discoveries, improvements, patents, trade secrets, designs, reports, computer software, flow charts and
diagrams, procedures, data, documentation, ideas and writings and applications thereof relating to the present or planned business of the Company or any Related Company that, alone or jointly with others, Employee may conceive, create, make,
develop, reduce to practice or acquire during the term of this Agreement (collectively, the “Developments”) are works made for hire and shall remain the sole and exclusive property of the Company, and Employee hereby assigns to the Company
all of Employee’s right, title and interest in and to all such Developments. All related items, including, but not limited to, memoranda, notes, lists, charts, drawings, records, files, computer software, programs, source and programming
narratives and other documentation (and all copies thereof) made or compiled by Employee, or made available to Employee, concerning the business or planned business of the Company or any Related Company shall be the property of the Company and shall
be delivered to the Company promptly upon the termination of this Agreement. The provisions of this Section 8 shall survive the termination of this Agreement. 
 9. Key Man Insurance. The Company shall have the option to purchase a key man disability and/or life insurance policy regarding Employee which names the Company or its designee as beneficiary.
Employee agrees to cooperate with the Company in obtaining such policies including, without limitation, submitting to a reasonably requested medical examination. 
 10. Death. If Employee dies before the date on which all amounts owing to the Employee hereunder are paid in full, the Company and Holdings, as the case may be, shall pay to such other recipient as
designated from time to time by Employee in writing) such remaining amounts when and as such amounts were otherwise payable to Employee. After receiving the payments provided under this Section 10, Employee and Employee’s estate
shall have no further rights against the Company for compensation under this Agreement. 
 11. Assignment and Binding
Effect. Employee may not sell, assign, transfer, or otherwise convey any of Employee’s rights or delegate any of Employee’s duties under this Agreement without the prior written consent of the Company. Otherwise, this Agreement shall
be binding upon and inure, to the benefit of the parties and their successors, assigns, heirs, representatives and beneficiaries. 
 12. Entire Agreement and Modification. This Agreement sets forth the entire understanding of the parties with respect to the subject matter hereof, supersedes all existing agreements between them concerning such subject matter, and
may be modified only by a written instrument duly executed by both parties. 
  

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 13. Waiver. The failure of a party to insist upon strict adherence to any term of
this Agreement on one or more occasion shall not be considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. Any waiver must be in writing. Any waiver by any
party of a breach of any provision of this Agreement shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Agreement. 
 14. Governing Law and Venue and Limitations Period. Tennessee law shall govern the rights and obligations under this Agreement,
without giving effect to any conflict of laws principles that would require application of the laws of any other jurisdiction. In the event litigation is necessary, despite the provisions of Section 20 below, such legal action shall be
commenced only in a court, of competent jurisdiction in Knox County, Tennessee; litigation commenced other than in Knox County, Tennessee shall be subject to being dismissed, stayed or having venue transferred to Knox County at the option of the
party not commencing said litigation. The parties further waive all objections and defenses to litigation being conducted in Knox County, Tennessee, based upon venue or under the doctrine of forum non conveniens. Legal proceedings for
breach of this Agreement shall be commenced within twelve (12) months of any alleged breach or thereafter be barred. 
 15.
Notices. Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be mailed by certified mail, return receipt requested, or first class mail, to the addresses below, or hand-delivered to the
party to whom it is to be given. Any party may change such address by written notice to the other party. Any notice or other communication given by certified mail or first class mail shall be deemed given two (2) days after mailing thereof,
except for a notice changing a party’s address which shall be deemed given at the time of receipt thereof. 
  

			
	If to the Company:	    	Team Health, Inc.
		    	 1900 Winston Road, Suite 300
 Knoxville, Tennessee 37919
 Attn: Robert Joyner, Esq.

		
	With a copy to:	    	Simpson Thacher & Bartlett, LLP
		    	 425 Lexington Avenue
 New
York, NY 10017
 Attn: Brian D. Robbins, Esq.

		
	If to Employee:	    	Gregory S. Roth

 Notwithstanding anything herein to the contrary, if actual written notice is received, regardless, of
the means of transmittal, such notice shall be deemed to be acceptable and effective as proper notice under this Section 15. 
  

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 16. Severability. Except as otherwise provided in Section 7.4, in the
event that any provision in this Agreement shall be found by a court, arbitrator, referee or governmental authority of competent jurisdiction to be invalid, illegal or unenforceable, such provision shall be construed and enforced as if it had been
narrowly drawn so as not to be invalid, illegal or unenforceable, and the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be effected or impaired thereby, and if any provision is inapplicable
to any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances. 
 17.
Headings. The headings in this Agreement are solely for convenience of reference and shall be given no effect in the construction or interpretation of this Agreement. 
 18. Confidentiality. The parties acknowledge and agree that this Agreement and each of its provisions are and shall be treated
strictly confidential. During the term of this Agreement and thereafter, Employee shall not disclose any terms or information pertaining to any provision of this Agreement to any person or entity without the prior written consent of the Company,
with the exception of Employee’s tax, legal or accounting advisors for legitimate business purposes of Employee, or as otherwise required by law. 
 19. Enforcement Costs. Subject to the provisions of Section 7.5 herein, if any legal action or other proceeding is brought, for the enforcement of any of the terms or conditions of this
Agreement, or because of an alleged dispute, breach, or default, in connection with any of the provisions of this Agreement the prevailing party in such action shall be entitled to recover from the non-prevailing party the costs it incurred in such
action including, but not limited to, reasonable attorneys’ fees (including costs and fees incurred on appeal), in addition to any other relief to which such party may be entitled. 
 20. [reserved] 
 21. Survival. Termination of this Agreement shall not terminate any continuing obligation(s) of the parties under this Agreement, and the parties hereby agree that such obligation(s) shall survive termination, unless the context of
the obligation(s) requires otherwise. 
 22. Name or Ownership Change. This Agreement shall continue in full force and
effect in the event of a change in the name or ownership of the Company. 
 23. Compliance with other Agreements.
Employee represents and warrants that the execution of this Agreement and Employee’s performance of Employee’s obligations hereunder will not conflict with, or result in a breach of any provision of, or result in the termination of, or
constitute a default under, any agreement to which Employee is a party or by which Employee is or may be bound. 
 24. No
Rule of Construction. This Agreement shall be construed to be neither against nor in favor of any party hereto based upon any party’s role in drafting this Agreement, but rather in accordance with the fair meaning hereof. 
  

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 25. Indemnification. 
 25.1. General. The Company agrees that if Employee is made a party or is threatened to be made a party to any claim, action, suit or
proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”), by reason of the fact that Employee is or was a trustee, director, officer, member, shareholder, partner, employee or agent of the Company or any of its
Related Companies or is or was serving at the request of the Company or any of its affiliates as a trustee, director, officer, member, shareholder, partner, employee or agent of another corporation or a partnership, joint venture, limited liability
company, trust or other entity, including without limitation, service with respect to employee benefit plans, whether or not the basis for such Proceeding is alleged action in an official capacity while serving as a trustee, director, officer,
member, shareholder, partner, employee, agent or otherwise, Employee shall be indemnified and held harmless by the Company to the fullest extent authorized by law, as the same exists or may hereafter be amended, against all Expenses (as defined
herein) incurred or suffered by Employee in connection therewith, and such indemnification shall continue as to Employee even if he has ceased to be a trustee, director, officer, member, shareholder, partner or agent of, or is no longer employed by,
the Company or any of its Related Companies and shall inure to the benefit of his heirs, executors and administrators; provided however, that except with respect to proceedings to enforce rights to indemnification under this Agreement, the Company
shall indemnify Employee in connection with a Proceeding (or part thereof) initiated by Employee only if such Proceeding (or part thereof) was authorized by the Board of Directors of the Company. It shall be a defense to any such action (other than
an action brought to enforce a claim for the advance of Expenses where the undertaking required pursuant to this Agreement, if any, has been tendered to the Company) that the claimant has not met the standards of conduct which make it permissible
under the Tennessee General Corporation Act for the Company to indemnify the claimant for the amount claimed but the burden of such defense shall be on the Company. 
 25.2. Expenses. As used in this Section 25, “Expenses” shall include, without limitation, damages, losses, judgments, liabilities, fines, penalties, excise taxes, settlements, costs,
attorneys’ fees, accountants’ fees, disbursements and costs of attachment or similar bonds, costs of investigations, and any expenses of establishing a right to indemnification under this Agreement. 
 25.3. Enforcement. If a claim or request under this Section 25 is not paid by the Company, or on its behalf, within thirty
(30) days after a written claim or request has been received by the Company, Employee may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim or request and, if successful in whole or in part,
Employee shall also be entitled to be paid the costs and expenses, including, without limitation, attorneys’ fees, or prosecuting such suit, together with prejudgment interest. 
 25.4. Partial Indemnification. If Employee is entitled to indemnification by the Company for some or a portion of any Expenses, but
not, however, for the total amount thereof, the Company shall nevertheless indemnify Employee for the portion of such Expenses to which Employee is entitled. 
  

 12 

 25.5. Advances of Expenses. Expenses incurred by Employee in connection with any
Proceeding shall be paid by the Company in advance upon Employee’s request that the Company pay such Expenses, but only in the event that Employee shall have delivered in writing to the Company (i) an undertaking to reimburse the Company
for Expenses with respect to which Employee is not entitled to indemnification, and (ii) a statement of his good faith belief that the standard of conduct necessary for indemnification by the Company has been met. 
 25.6. Notice of Claim. Employee shall give the Company notice of any claim made against Employee for which indemnification will or
could be sought under this Agreement. In addition, Employee shall give the Company such information and cooperation as it may reasonably require and as shall be within Employee’s power and at such times and places as are convenient for
Employee. 
 25.7. Defense of Claim. With respect to any Proceeding (except any criminal or
regulatory Proceeding) as to which Employee notifies the Company of the commencement thereof: (i) the Company will be entitled to participate in such Proceeding at its own expense; (ii) except as otherwise provided below, to the extent it
so desires, the Company will be entitled to assume the defense thereof, with counsel satisfactory to Employee, which in the Company’s discretion may be regular counsel to the Company and may be counsel to other officers and directors of the
Company or any subsidiary thereof (Employee also shall have the right to employ his own counsel in such action, suit or Proceeding if Employee reasonably concludes that failure to do so would involve a conflict of interest between the
Company and Employee, and under such circumstances the fees and expenses of such counsel shall be at the expense of the Company); and (iii) the Company shall not be liable to indemnify Employee under this Agreement for any amounts paid in
settlement of any action or claim effected without its written consent, such consent not to be unreasonably withheld. The Company shall not settle any action or claim in any manner that would impose any penalty that would not be paid directly or
indirectly by the Company or result in any limitation on, or reporting requirements to third parties by, Employee without Employee’s prior written consent. Neither the Company nor Employee will unreasonably withhold or delay their respective
consent to any proposed settlement. A party from which consent to settle is requested shall respond to such request no later than five (5) days, unless for good cause, but in no event less than thirty (30) days. A party’s response
shall either consent or set forth in reasonable detail the basis on which consent is withheld. A party failing to timely respond as provided herein shall be deemed to have consented to such proposed settlement. 
 25.8. Non-Exclusivity. The right to indemnification and the payment of expenses incurred in defending a Proceeding in advance of its
final disposition conferred in this Section 25 shall not be exclusive of any right that Employee may have or hereafter may acquire under any statute or certificate of incorporation or bylaws of the Company or any subsidiary thereof, agreement,
vote of shareholders or disinterested directors or trustees or otherwise. 
 26. Compliance With IRC 409A.
Notwithstanding anything herein to the contrary, (i) if at the time of Employee’s termination of employment with the Company Employee is a “specified employee” as defined in Section 409A of the Internal Revenue Code of 1986,
as amended (the “Code”) and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary in order

  

 13 

 
to prevent any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without
any reduction in such payments or benefits ultimately paid or provided to Employee) until the date that is six months following Employee’s termination of employment with the Company (or the earliest date as is permitted under Section 409A
of the Code) and (ii) if any other payments of money or other benefits due to Employee hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be
deferred if deferral will make such payment or other benefits compliant under Section 409A of the Code, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner, determined by the Board, that does
not cause such an accelerated or additional tax. The Company shall consult with Employee in good faith regarding the implementation of the provisions of this Section 25.9; provided that neither the Company nor any of its employees or
representatives shall have any liability to Employee with respect to thereto. 
 27. Effect of Termination. Any
termination of the Employee’s employment with the Company shall automatically be deemed to be a simultaneous resignation of all other positions and titles the Employee holds with the Company, Holdings or any of their affiliates, whether as an
officer, director, fiduciary, administrator or otherwise. 
 28. Continuing Effect. Except as expressly stated herein the
Prior Agreement is replaced in its entirety by this Agreement as of the Effective Date. 
 IN WITNESS WHEREOF, the parties have
executed this Agreement as of the date first written above. 
  

			
	COMPANY:
	
	TEAM HEALTH, INC
		
	By:	 	 /s/    H Lynn Massingale

	Its:	 	 CEO

	
	EMPLOYEE: Gregory S. Roth
	
	 /s/    Gregory S. Roth

  

 14 

 EXHIBIT A 
 Employee shall be entitled to participate in a Bonus program based upon the achievement of certain Company goals and
objectives as annually determined by the Board of Directors and a portion of the Bonus may be discretionary. Employee shall be notified of the terms, conditions, and performance measures of the annual bonus plan as approved by the Board of Directors
within seventy-five (75) days of the start of the current measurement period for the Bonus program. For the bonus plan covering the fiscal year ended December 31, 2006, information shall be provided to the participants no later than
July 31, 2006. Specific information to be provided to the Employee in regard to the operation of the bonus program shall include, as applicable, the portion of the bonus which is discretionary, the quantitative earnings targets for the Company
and, if applicable, for an operating area, qualitative performance measures, basis for measurement of performance against targets, and adjustments of eligible bonus pool for over or under performance against targets. For purposes of the Bonus program, Employee’s eligible bonus pool will be equal to 50%
of base salary as of the end of the measurement period of the Bonus program. The Bonus amount paid hereunder, if any, shall be prorated based on the number of months the Employee worked during the bonus measurement period. Except as specifically
provided in Section 6.5 (“Severance Compensation”) of this Agreement, Employee must be employed at the end of the bonus measurement period in order to be eligible to receive payment of the bonus for such period. Bonus payments, if
earned, shall be paid to Employee no later than 75 days following the measurement period for such bonus amounts. The parties specifically acknowledge that the salary and benefits paid by the Company to Employee pursuant to this agreement shall be
deemed expenses when calculating the financial performance measures under the bonus program. 
  

 15Employment Agreement, dated June 1, 2006 - David P. Jones

 Exhibit 10.15 
 EMPLOYMENT AGREEMENT 
 THIS
AGREEMENT (the “Agreement”) effective as of the 1st day of June, 2006 (the “Effective Date”) by and between Team Health, Inc., a Tennessee corporation (the “Company”), and David P. Jones (“Employee”) as an
amendment and restatement of the employment agreement between the parties dated July 6, 1999 (the “Prior Agreement”). 
 WITNESSETH: 
 WHEREAS, Employee has served as the Chief Financial Officer to the Company; and 
 WHEREAS, in connection with the transactions contemplated by the Agreement and Plan of Merger dated as of October 11, 2005 by and among
Team Health Holdings, L.L.C., Team Health, Inc., Team Finance LLC, Team Health MergerSub, Inc., Ensemble Parent LLC and Ensemble Acquisition (the “Merger Agreement”), the Company and Employee wish to amend and restate the Prior Agreement
effective upon, and conditioned upon the Effective Date; 
 NOW THEREFORE, based upon these premises, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties do hereby agree upon the terms and conditions of Employee’s employment with the Company that are set forth herein, and do hereby acknowledge that
this instrument completely supercedes all previous writings as amendment and restatement of Employee’s employment agreement: 
 1. Effectiveness/Employment and Term. 
 (a) This Agreement constitutes a binding obligation of the parties as of
the date hereof; provided that notwithstanding any other provision of this Agreement, the operative provisions of this Agreement shall become effective as the Effective Date, at which time, this Agreement shall supercede the Prior Agreement which
shall thereupon be deemed to be terminated without further force or effect. 
 (b) The Company agrees to employ Employee and
Employee agrees to be employed by the Company pursuant to the terms of this Agreement, and for the term of this Agreement, as Chief Financial Officer, reporting to the Chief Executive Officer (“Supervisor”) to perform the duties assigned
to Employee by the Company. The term of this Agreement shall be for a period of five (5) years commencing with the Effective Date, subject to earlier termination pursuant to this Agreement. Thereafter, this Agreement shall automatically renew
for successive one (1) year terms unless (i) sooner terminated pursuant to the terms of this Agreement or (ii) either party gives the other party written notice of its intention not to renew at least one hundred eighty (180) days
prior to the expiration of the then current term. 
 2. Duties. Employee will perform all duties customarily incident to
Employee’s position and such duties that are properly assigned to from time to time by the Company and/or Supervisor. Employee shall devote Employee’s entire business time, attention and effort to the affairs of the Company and shall use
his reasonable best efforts to promote the interests and success of the Company, and shall cooperate fully with the Supervisor in the advancement of the best interests of the Company. Provided, however, Employee may serve on corporate, civic or

 
charitable boards or committees, deliver lectures, fulfill speaking engagements, or manage personal investments, provided that such activities do not individually or in the aggregate
significantly interfere with, or are otherwise not inconsistent with, the performance of Employee’s duties under this Agreement. Nothing herein shall prevent Employee from engaging in certain passive investments so long as the same do not
require Employee’s management efforts, are passive, are not inconsistent with Executive’s duties hereunder and are not prohibited by the restrictive covenants of Section 7. 
 3. Compensation. 
 3.1 Salary. Employee shall receive an annualized salary of Three Hundred Thirty-Six Thousand Three Hundred Seventy-Five Dollars ($336,375) per year, payable biweekly. Commencing April 1, 2007, the Company will annually review
Employee’s total compensation and may, in its sole discretion, increase Employee’s salary from time to time without the necessity of further action to amend this Agreement. Employee’s base salary as in effect at any time is
hereinafter referred to as the “Base Salary”. 
 3.2 Bonus. For fiscal each year of Company, Employee will be
eligible to earn a bonus payment based on performance, determined in accordance with Exhibit A (the “Bonus”). The Bonus, if any, shall be paid to Employee within two and one-half (2.5) months after the end of the applicable
fiscal year. 
 3.3. Taxes and Other Applicable Deductions. From all compensation paid to Employee, the Company shall
withhold all applicable sums for all state, federal and local taxes, and such other amounts as are necessary and applicable or agreed to by Employee. 
 4. Employee Benefits. In addition to Employee’s salary, Employee shall be entitled to all standard benefits normally provided by the Company to its similarly situated executive officers, which
may be sponsored, developed or established by the Company from time to time in the sole discretion of the Company. Notwithstanding the above, Employee shall receive, at a minimum, the following benefits: 
 4.1. Medical Coverage. The Company shall provide a standard medical benefit package, as offered to other employees of the Company,
throughout the term of this Agreement. The Company agrees to provide Employee’s immediate family eligible dependents with the same standard Medical benefit package offered to Employee at no cost to Employee. The Company shall continue to
provide and pay for Employee’s existing medical insurance coverage if Employee becomes fully disabled, up until age 65 years, or until Employee becomes eligible for any alternative medical benefits program, if sooner. 
 4.2 Dental Coverage. The Company shall provide a standard dental benefit package, as offered to other employees of the Company,
throughout the term of this Agreement. The Company agrees to provide Employee’s immediate family eligible dependents with the same standard dental benefit package offered to Employee at no cost to Employee. 
 4.3 Life Insurance. The Company will obtain and maintain a life insurance policy on the life of Employee in the face amount that is
equivalent to Employee’s Base Salary specified in Section 3.1, as adjusted from time to time, multiplied by two; provided, that the

  

 2 

 
amount of premiums paid by the Company is limited to insurance rates applicable to a healthy individual of like age. The Company agrees to pay all such premiums, if any, on the policy during the
term of employment provided herein. 
 4.4 Vacation. Employee is entitled to take up to six (6) weeks and one
(1) days of fully compensated paid time off per annum, increased from time to time per Employer’s policies with respect thereto. 
 4.5 Professional Fees/Journals/Society Memberships Stipend. The Company shall pay Employee Seven Hundred Fifty Dollars ($750.00) per annum to help defray Employee’s miscellaneous costs in
maintaining professional relationships. 
 4.6 Directors and Officers Insurance. The Company shall provide Employee with
a standard directors and officers insurance policy, as provided by the Company to other directors and/or officers of the Company, its affiliates and subsidiaries. 
 4.7 Personal Financial Planning Assistance. Effective with the onset of this Agreement, the Company shall pay Employee Six Hundred Dollars ($600.00) per annum as a stipend to help defray costs for
personal tax preparation and/or other personal and family financial planning costs. 
 4.8 Long-Term Disability Insurance
Benefit. At a minimum, the Company shall acquire for Employee long-term disability insurance coverage throughout the term of this Agreement, for which protection to Employee shall apply after ninety (90) days of continuous disability with
protection to age sixty-five (65) years and at sixty percent (60%) of Employee’s Base Salary, plus integration of benefits with government and certain other disability benefit programs (which may, inclusively, approximate sixty-five
percent (65%) of Employee’s Base Salary). 
 4.9 Automobile Expense. The Company shall pay Employee Seven
Hundred Fifty Dollars ($750.00) per month as an automobile allowance. 
 5. Business Expenses. The Company will reimburse
Employee, within 60 days following submission by Employee to the Company of appropriate supporting documentation) for Employee’s usual and customary business expenses incurred in the course of Employee’s employment in accordance with the
Company’s applicable policies and procedures, including expenditure limits and substantiation requirements, in effect from time to time regarding reimbursement of expenses incurred by similar situated employees of the Company; provided claims
for such reimbursement (accompanied by supporting documentation) are submitted to the Company within 90 days following the date such claims are incurred. 
 6. Termination. Notwithstanding any other provision of this Agreement, the provisions of this Section 6 shall exclusively govern Employee’s rights under this Agreement upon termination of
employment with the Company and its affiliates. 
  

 3 

 6.1 Mutual Agreement/Resignation without Good Reason/Death or Disability.
Employee’s employment shall terminate upon the occurrence of either of the following events: 
 (a) The Company and
Employee shall mutually agree to termination in writing or Employee shall resign without Good Reason; provided that Employee shall be obligated to give the Company at least 90 days advance written notice of any resignation without Good
Reason. Except as otherwise provided in Section 6.6(a) (i), upon Employee’s termination of employment due to mutual agreement, or the resignation of employment by Employee without Good Reason (as defined herein), Company will pay to
Employee the amount of any unpaid Base Salary owed through the date of termination, and shall reimburse Employee for any unreimbursed expenses pursuant to Section 5 for expenses incurred in the performance of his duties hereunder prior to
termination. 
 (b) The death of Employee or termination by the Company due to Employee’s Disability. Disability for
purposes of this Agreement shall be the inability of Employee to materially perform his duties hereunder due to a physical or mental condition for a period of 90 consecutive days, as reasonably determined by the Board in good faith. Upon
Employee’s termination of employment for death or disability, Company will pay to Employee the amount of any unpaid Base Salary owed through the date of termination, and shall reimburse Employee for any unreimbursed expenses pursuant to
Section 5 for expenses incurred in the performance of his duties hereunder prior to termination. 
 6.2 Termination for
Cause. Employee’s employment may be terminated by the Company for “Cause” upon the occurrence of any of the following events: 
 (a) Employee’s conviction of or the entering of a guilty plea or plea of no contest with respect to a felony, the equivalent thereof, or any other crime involving fraud, dishonesty or moral turpitude
which in the reasonable judgment of the Company is materially detrimental to the Company or materially affects Employee’s ability to perform his duties pursuant to this Agreement; 
 (c) Employee’s intentional neglect of or material inattention to Employee’s duties, which neglect or inattention remains
uncorrected for more than 10 days following written notice from the Company detailing such neglect or inattention; 
 (d)
Employee commits an intentional and material act (i) to defraud the Company or its affiliates, or (ii) of embezzlement or dishonesty against the Company or its affiliates; or 
 (e) Employee willfully impedes or endeavors to influence, obstruct or impede or fails to materially cooperate with an investigation
authorized by the Company, a self-regulatory organization or a governmental department or agency. 
 Upon the Company’s termination of
employment for Cause or upon termination of employment due to death or disability, Company will pay to Employee the amount of any unpaid Base Salary owed through the date of termination, and shall reimburse Employee for any unreimbursed expenses
pursuant to Section 5 for expenses incurred in the performance of his duties hereunder prior to termination, and Company will have no other liability to Employee hereunder. Such termination shall be without prejudice to any other remedy to
which the Company may be entitled, either by law, or in equity, or under the terms of this Agreement. 
  

 4 

 6.3 Termination Without Cause. In the event that the Company terminates
Employee’s employment without Cause, Company will pay to Employee the amount of any unpaid Base Salary owed through the date of termination, and shall reimburse Employee for any unreimbursed expenses pursuant to Section 5 for expenses
incurred in the performance of his duties hereunder prior to termination. In addition, Employee shall be entitled to the severance compensation and rights described in Section 6.5(a). 
 6.4 Termination for Good Reason. Employee may voluntarily resign his employment for “Good Reason” upon the occurrence of
any of the following: 
 (a) The assignment to Employee of duties that represent a Substantial Adverse Alteration in the status
of his primary responsibilities. A “Substantial Adverse Alteration” of Employee’s status of his primary responsibilities shall include, but not limited to, (i) any change in Employee’s authority whereby Employee does not
report directly to the then Chief Executive Officer, or (ii) in the event the Company causes Employee to cease to be the Chief Financial Officer of the Company without Employee’s consent. 
 (b) Any reduction in his annual Base Salary, other than an across-the-board reduction for similarly situated employees of the Company or
failure to award incentive compensation as contemplated n Section 3.2. 
 (c) The required relocation to a place of
business more than 50 miles away from Employee’s current place of business. 
 (d) Any material breach by the Company of
this Agreement that is adverse to Employee. 
 Notwithstanding the foregoing, no event shall constitute Good Reason unless
and until Employee shall have notified the Company in writing describing the event which constitutes Good Reason and then only if the Company shall fail to cure such event with twenty (20) days following its receipt of such written notice;
provided further that “Good Reason” shall cease to exist for an event on the 60th day following the latter of its occurrence or Employee’s knowledge thereof, unless Employee has given the Company written notice thereof prior to such date. 
 Upon Employee’s termination of employment for Good Reason, Company will pay to Employee the amount of any unpaid Base Salary owed through the date of
termination, and shall reimburse Employee for any unreimbursed expenses pursuant to Section 5 for expenses incurred in the performance of his duties hereunder prior to termination. In addition, Employee shall be entitled to the severance
compensation and rights described in Section 6.5(a). 
 6.5 Severance Compensation and Other Obligations.

 (a) If Employee’s employment is terminated by the Company without Cause or by Employee for Good Reason or by the Company
for any reason (other than death or disability) within one year after a Sale of the Company (as hereinafter defined), then, subject to Employee’s continued compliance with the provisions of Section 7 and 8 of this Agreement, the Company
shall provide to Employee the following: 
 (i) Employee will receive an amount equal to two (2) times
Employee’s Base Salary, payable in twenty (24) equal monthly installments, beginning on the date of termination. 
  

 5 

 (ii) Employee will receive an amount equal to two (2) times the
average annual Bonuses paid to Employee pursuant to Section 3.2 of this Agreement (or Section 3.2 of the Prior Agreement, as applicable) for the two most recently completed Measuring Periods (as defined in Exhibit A), payable in twenty
(24) equal monthly installments, beginning on the date of termination. 
 (iii) Payment or reimbursement of
all premiums for medical benefits elected by Employee pursuant to the continuation of medical coverage under section 4980B of the Internal Revenue Code and sections 601 through 608, inclusive, of ERISA (collectively, “COBRA”) and,
upon the expiration of COBRA continuation coverage, a lump sum cash payment in an amount equal to the COBRA premiums due for medical benefits elected by Employee for a period of 24 months, less the period for which COBRA continuation coverage was
actually in effect. 
 6.6 Sale of the Company. A “Sale of the Company” means: the
occurrence of a Change of Control (as defined in the Amended and Restated Limited Liability Company Agreement of Team Health Holdings, LLC, dated as of November 23rd, 2005). For the avoidance of doubt, the consummation of the transactions contemplated by the Merger Agreement shall
not constitute a Sale of the Company. 
 7. Restricted Activities. 
 7.1 Preliminary Statement. Employee acknowledges that by virtue of Employee’s duties under this Agreement, Employee shall become
aware of various sensitive and confidential information, and shall develop contacts and relationships which Employee otherwise would not have had access to or developed. Employee further acknowledges that such information and relationships would
give Employee an unfair competitive advantage should Employee compete with the Company. Employee further acknowledges that the Company has certain subsidiaries and affiliates (collectively, the “Related Companies”) and that Employee may
also become aware of certain confidential information relating to the Related Companies and will develop certain contacts and relationships with clients or customers of the Related Companies which would give Employee an unfair competitive advantage
if Employee should compete with the Related Companies. Accordingly, Employee agrees that Employee shall not, directly or indirectly, whether alone or as a partner, officer, director, investor, employee, agent, member or shareholder of any other
entity or corporation, without the prior written consent of the Company, violate any of the covenants (the “Covenants”) set forth in this Section 7. For purposes of this Agreement, the term “affiliate” shall mean any
person or entity which controls, is controlled by, or is under common control with the Company or a Related Company. 
 7.2
Covenant Not to Divulge Confidential Information. During the term of Employee’s employment with the Company, whether pursuant to this Agreement or otherwise, and after termination of Employee’s employment with the Company, Employee
shall not (i) use any Confidential Information of or concerning the Company or the Related Companies except

  

 6 

 
for the Company’s benefit or (ii) disclose or divulge to any third party any Confidential Information relating to the Company or the Related Companies, except as otherwise required by
law. “Confidential Information” shall mean information concerning the Company or any Related Company, whether written or oral, which Employee is or becomes aware of and which has not been publicly disclosed. Information shall not be deemed
“publicly disclosed” if disclosed by Employee in violation of this Agreement or as a result of such information being disclosed to employees or agents of the Company or any Related Company. 
 7.3. Covenant Not to Compete or Interfere with Business Relationships. During the term of Employee’s employment with the
Company, whether pursuant to this Agreement or otherwise, for a period of two (2) years after termination of Employee’s employment with the Company Employee shall not engage in any activity competitive with or adverse to the Company or any
Related Company described in this Section 7.3. 
 (a) Employee shall not solicit or hire (for Employee or on behalf of a
third party) any person who is then, or during the term of this Agreement was, an employee or contractor (including, without limitation, any contract physicians) of the Company or any Related Company. Contract physicians shall include those
physicians with whom the Company or any Related Company then has a contract, or which have actively been recruited by the Company or any Related Company within one hundred eighty (180) days prior to termination of this Agreement. 
 (b) Employee shall not induce or attempt to induce any person or entity doing business with the Company or any Related Company, to
terminate such relationship, or engage in any other activity detrimental to any Related Company. Specifically, Employee shall not solicit or contract with (a) any then current client of the Company or any Related Company, (b) any client
with which the Company or any Related Company previously did business during the one (1) year period immediately prior to termination of Employee’s employment with the Company, or (c) any prospective client of the Company or any
Related Company which the Company or a Related Company was “actively seeking” to do business with within the one (1) year period immediately before termination of Employee’s employment with the Company. (For purposes of this
Agreement, the Company or a Related Company will be deemed to have been “actively seeking” to do business with a prospective client if the Company or a Related Company did any of the following: (A) met with the administration of such
prospective client, (B) submitted a response to a Request for Proposal (“RFP”) or other formal proposal from such prospective client, or (C) made any other written response to a request, solicitation, or initial discussion by or
with such prospective client.). 
 (c) Employee shall not be employed by nor have any financial relationship with any entity
which directly or indirectly performs any competitive activity which Employee is individually prohibited from performing under the terms of this Agreement. 
 (d) Notwithstanding the restrictions specified in this Section 7, nothing herein shall be construed to prohibit Employee from: (i) owning, solely as a passive investment, the securities of an
entity which are publicly traded on a national or regional stock exchange or on the over-the-counter market or investing through a private equity fund in securities of an entity that is not publicly traded, provided that Employee (A) is not a
controlling person or, or a

  

 7 

 
member of a group which controls, such entity and (B) does not, directly or indirectly, own 5% or more of any class of securities of such entity; or (ii) owning, solely as a passive
investment, the securities of an entity which are not publicly traded provided that such entity is not engaged in a principal business of providing emergency room services to hospitals. 
 Except as specifically provided herein, Employee is free to {practice medicine or out for non docs} engage in any business activity, not otherwise prohibited by this Agreement, in any geographic location.

 7.4 Construction. For purposes of this Section 7, the term “then” shall mean at the time of
Employee’s engagement in the applicable conduct. The Covenants are essential elements of this Agreement, and but for Employee’s agreement to comply with the Covenants, the Company would not have entered into this Agreement. The Covenant
shall be construed as independent of any other provisions in this Agreement. Except as provided in Section 7.6 below, the existence of any claim or cause of action of Employee against the Company or any Related Company, whether
predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement of any of the Covenants. The period of time during which Employee is prohibited from engaging in the business practices described in the Covenants shall be
extended by any length of time during which Employee is in breach of the Covenants. The Company and Employee agree that the Covenants are appropriate and reasonable when considered in light of the nature and extent of the business conducted by the
Company. However, if a court of competent jurisdiction determines that any portion of the Covenants, including without limitation, the specific time period, scope or geographical area, is unreasonable or against public policy, then such Covenants
shall be considered divisible as to time, scope, and geographical area and the maximum time period, scope or geographical area which is determined to be reasonable and not against public policy shall be enforced. 
 7.5 Remedies. The parties agree that if Employee breaches any Covenant, the Company or the Related Companies, as applicable, will
suffer irreparable damages and Employee will receive a benefit for which Employee had not paid. Employee agrees that (i) damages at law will be difficult to measure and an insufficient remedy to the Company or a Related Company in the event
that Employee violates the terms of this Section 7 and (ii) the Company and the Related Companies shall be entitled, upon application to a court of competent jurisdiction, to obtain injunctive relief to enforce the provisions of
this Section 7 without the necessity of posting a bond or proving actual damages, which injunctive relief shall be in addition to any other rights or remedies available to the Company or the Related Companies. No remedy shall be
exclusive of any other, and neither application for nor obtaining injunctive or other relief shall preclude any other remedy available, including money damages and reasonable attorneys’ fees. Employee agrees to pay the Company or the Related
Companies all costs and expenses incurred by the Company or the Related Companies relating to the enforcement of the terms of this Section 7, including reasonable attorneys’ fees, both at trial and in appellate proceedings. Employee
acknowledges and agrees that the Related Companies are intended beneficiaries of the Covenants and shall have the same rights and remedies as the Company to enforce the Covenants. 
  

 8 

 7.6 Limitation on Enforcement. In the event the Company materially breaches this
Agreement by failing to meet a payment obligation hereunder (as defined below), and Employee is not in breach of this Agreement, then Employee shall no longer be bound by the Covenants. For purposes of this Agreement, “materially breaches this
Agreement by failing to meet a payment obligation hereunder” shall mean (i) the Company has failed to meet a payment obligation hereunder (and likewise failed to cure such nonpayment within thirty (30) days following notice from
Employee) and (ii) the Company did not have a good faith basis to not pay the disputed payment to Employee. If the Company has a good faith dispute regarding the amount owed to Employee, such dispute shall be submitted to arbitration pursuant
to Section 20 herein. If a good faith dispute does exist regarding any payment obligation, the Company shall only be deemed to have materially breached this Agreement by failing to meet a payment obligation hereunder if, after the amount to be
paid is determined by an arbitrator, the Company does not pay such amount awarded by the arbitrator within thirty (30) days after the arbitrator’s decision. 
 8. Inventions and Intellectual Property. Employee acknowledges that all developments, including, without limitation, inventions, patentable or otherwise, discoveries, improvements, patents, trade
secrets, designs, reports, computer software, flow charts and diagrams, procedures, data, documentation, ideas and writings and applications thereof relating to the present or planned business of the Company or any Related Company that, alone or
jointly with others, Employee may conceive, create, make, develop, reduce to practice or acquire during the term of this Agreement (collectively, the “Developments”) are works made for hire and shall remain the sole and exclusive property
of the Company, and Employee hereby assigns to the Company all of Employee’s right, title and interest in and to all such Developments. All related items, including, but not limited to, memoranda, notes, lists, charts, drawings, records, files,
computer software, programs, source and programming narratives and other documentation (and all copies thereof) made or compiled by Employee, or made available to Employee, concerning the business or planned business of the Company or any Related
Company shall be the property of the Company and shall be delivered to the Company promptly upon the termination of this Agreement. The provisions of this Section 8 shall survive the termination of this Agreement. 
 9. Key Man Insurance. The Company shall have the option to purchase a key man disability and/or life insurance policy regarding
Employee which names the Company or its designee as beneficiary. Employee agrees to cooperate with the Company in obtaining such policies including, without limitation, submitting to a reasonably requested medical examination. 
 10. Death. If Employee dies before the date on which all amounts owing to the Employee hereunder are paid in full, the Company and
Holdings, as the case may be, shall pay to such other recipient as designated from time to time by Employee in writing) such remaining amounts when and as such amounts were otherwise payable to Employee. After receiving the payments provided under
this Section 10, Employee and Employee’s estate shall have no further rights against the Company for compensation under this Agreement. 
 11. Assignment and Binding Effect. Employee may not sell, assign, transfer, or otherwise convey any of Employee’s rights or delegate any of Employee’s duties under this Agreement without
the prior written consent of the Company. Otherwise, this Agreement shall be binding upon and inure, to the benefit of the parties and their successors, assigns, heirs, representatives and beneficiaries. 
  

 9 

 12. Entire Agreement and Modification. This Agreement sets forth the entire
understanding of the parties with respect to the subject matter hereof, supersedes all existing agreements between them concerning such subject matter, and may be modified only by a written instrument duly executed by both parties. 
 13. Waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on one or more occasion shall not be
considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. Any waiver must be in writing. Any waiver by any party of a breach of any provision of this Agreement
shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Agreement. 
 14. Governing Law and Venue and Limitations Period. Tennessee law shall govern the rights and obligations under this Agreement, without giving effect to any conflict of laws principles that would
require application of the laws of any other jurisdiction. In the event litigation is necessary, despite the provisions of Section 20 below, such legal action shall be commenced only in a court, of competent jurisdiction in Knox County,
Tennessee; litigation commenced other than in Knox County, Tennessee shall be subject to being dismissed, stayed or having venue transferred to Knox County at the option of the party not commencing said litigation. The parties further waive all
objections and defenses to litigation being conducted in Knox County, Tennessee, based upon venue or under the doctrine of forum non conveniens. Legal proceedings for breach of this Agreement shall be commenced within twelve (12) months
of any alleged breach or thereafter be barred. 
 15. Notices. Any notice or other communication required or permitted to
be given hereunder shall be in writing and shall be mailed by certified mail, return receipt requested, or first class mail, to the addresses below, or hand-delivered to the party to whom it is to be given. Any party may change such address by
written notice to the other party. Any notice or other communication given by certified mail or first class mail shall be deemed given two (2) days after mailing thereof, except for a notice changing a party’s address which shall be deemed
given at the time of receipt thereof. 
  

 10 

			
	 If to the Company:
	  	Team Health, Inc.
		  	1900 Winston Road, Suite 300
		  	Knoxville, Tennessee 37919
		  	Attn: Robert Joyner, Esq.
		
	 With a copy to:
	  	 Simpson Thacher & Bartlett, LLP
 425 Lexington Avenue
 New York, NY 10017

		  	Attn: Brian D. Robbins, Esq.
		
	 If to Employee:
	  	David P. Jones
		  	1291 Kensington Drive
		  	Knoxville, TN 37922
		
	 With a copy to:
	  	

 Notwithstanding anything herein to the contrary, if actual written notice is received, regardless, of
the means of transmittal, such notice shall be deemed to be acceptable and effective as proper notice under this Section 15. 
 16. Severability. Except as otherwise provided in Section 7.4, in the event that any provision in this Agreement shall be found by a court, arbitrator, referee or governmental authority
of competent jurisdiction to be invalid, illegal or unenforceable, such provision shall be construed and enforced as if it had been narrowly drawn so as not to be invalid, illegal or unenforceable, and the validity, legality and enforceability of
the remaining provisions of this Agreement shall not in any way be effected or impaired thereby, and if any provision is inapplicable to any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances.

 17. Headings. The headings in this Agreement are solely for convenience of reference and shall be given no effect in
the construction or interpretation of this Agreement. 
 18. Confidentiality. The parties acknowledge and agree that this
Agreement and each of its provisions are and shall be treated strictly confidential. During the term of this Agreement and thereafter, Employee shall not disclose any terms or information pertaining to any provision of this Agreement to any person
or entity without the prior written consent of the Company, with the exception of Employee’s tax, legal or accounting advisors for legitimate business purposes of Employee, or as otherwise required by law. 
 19. Enforcement Costs. Subject to the provisions of Section 7.5 herein, if any legal action or other proceeding is
brought, for the enforcement of any of the terms or conditions of this Agreement, or because of an alleged dispute, breach, or default, in connection with any of the provisions of this Agreement the prevailing party in such action shall be entitled
to recover from the non-prevailing party the costs it incurred in such action including, but not limited to, reasonable attorneys’ fees (including costs and fees incurred on appeal), in addition to any other relief to which such party may be
entitled. 
  

 11 

 20. [reserved] 
 21. Survival. Termination of this Agreement shall not terminate any continuing obligation(s) of the parties under this Agreement, and
the parties hereby agree that such obligation(s) shall survive termination, unless the context of the obligation(s) requires otherwise. 
 22. Name or Ownership Change. This Agreement shall continue in full force and effect in the event of a change in the name or ownership of the Company. 
 23. Compliance with other Agreements. Employee represents and warrants that the execution of this Agreement and Employee’s
performance of Employee’s obligations hereunder will not conflict with, or result in a breach of any provision of, or result in the termination of, or constitute a default under, any agreement to which Employee is a party or by which Employee
is or may be bound. 
 24. No Rule of Construction. This Agreement shall be construed to be neither against nor in favor
of any party hereto based upon any party’s role in drafting this Agreement, but rather in accordance with the fair meaning hereof. 
 25. Indemnification. 
 25.1 General. The Company agrees that if
Employee is made a party or is threatened to be made a party to any claim, action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”), by reason of the fact that Employee is or was a trustee,
director, officer, member, shareholder, partner, employee or agent of the Company or any of its Related Companies or is or was serving at the request of the Company or any of its affiliates as a trustee, director, officer, member, shareholder,
partner, employee or agent of another corporation or a partnership, joint venture, limited liability company, trust or other entity, including without limitation, service with respect to employee benefit plans, whether or not the basis for such
Proceeding is alleged action in an official capacity while serving as a trustee, director, officer, member, shareholder, partner, employee, agent or otherwise, Employee shall be indemnified and held harmless by the Company to the fullest extent
authorized by law, as the same exists or may hereafter be amended, against all Expenses (as defined herein) incurred or suffered by Employee in connection therewith, and such indemnification shall continue as to Employee even if he has ceased to be
a trustee, director, officer, member, shareholder, partner or agent of, or is no longer employed by, the Company or any of its Related Companies and shall inure to the benefit of his heirs, executors and administrators; provided however, that except
with respect to proceedings to enforce rights to indemnification under this Agreement, the Company shall indemnify Employee in connection with a Proceeding (or part thereof) initiated by Employee only if such Proceeding (or part thereof) was
authorized by the Board of Directors of the Company. It shall be a defense to any such action (other than an action brought to enforce a claim for the advance of Expenses where the undertaking required pursuant to this Agreement, if any, has been
tendered to the Company) that the claimant has not met the standards of conduct which make it permissible under the Tennessee General Corporation Act for the Company to indemnify the claimant for the amount claimed but the burden of such defense
shall be on the Company. 
  

 12 

 25.2 Expenses. As used in this Section 25, “Expenses” shall include,
without limitation, damages, losses, judgments, liabilities, fines, penalties, excise taxes, settlements, costs, attorneys’ fees, accountants’ fees, disbursements and costs of attachment or similar bonds, costs of investigations, and any
expenses of establishing a right to indemnification under this Agreement. 
 25.3 Enforcement. If a claim or request
under this Section 25 is not paid by the Company, or on its behalf, within thirty (30) days after a written claim or request has been received by the Company, Employee may at any time thereafter bring suit against the Company to recover
the unpaid amount of the claim or request and, if successful in whole or in part, Employee shall also be entitled to be paid the costs and expenses, including, without limitation, attorneys’ fees, or prosecuting such suit, together with
prejudgment interest. 
 25.4 Partial Indemnification. If Employee is entitled to indemnification by the Company for some
or a portion of any Expenses, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Employee for the portion of such Expenses to which Employee is entitled. 
 25.5 Advances of Expenses. Expenses incurred by Employee in connection with any Proceeding shall be paid by the Company in advance
upon Employee’s request that the Company pay such Expenses, but only in the event that Employee shall have delivered in writing to the Company (i) an undertaking to reimburse the Company for Expenses with respect to which Employee is not
entitled to indemnification, and (ii) a statement of his good faith belief that the standard of conduct necessary for indemnification by the Company has been met. 
 25.6 Notice of Claim. Employee shall give the Company notice of any claim made against Employee for which indemnification will or could be sought under this Agreement. In addition, Employee shall
give the Company such information and cooperation as it may reasonably require and as shall be within Employee’s power and at such times and places as are convenient for Employee. 
 25.7 Defense of Claim. With respect to any Proceeding (except any criminal or regulatory Proceeding) as to which Employee notifies
the Company of the commencement thereof: (i) the Company will be entitled to participate in such Proceeding at its own expense; (ii) except as otherwise provided below, to the extent it so desires, the Company will be entitled to assume
the defense thereof, with counsel satisfactory to Employee, which in the Company’s discretion may be regular counsel to the Company and may be counsel to other officers and directors of the Company or any subsidiary thereof (Employee also shall
have the right to employ his own counsel in such action, suit or Proceeding if Employee reasonably concludes that failure to do so would involve a conflict of interest between the Company and Employee, and under such circumstances the fees and
expenses of such counsel shall be at the expense of the Company.); and (iii) the Company shall not be liable to indemnify Employee under this Agreement for any amounts paid in settlement of any action or claim effected without its written
consent, such consent not to be unreasonably withheld. The Company shall not settle any action or claim in any manner that would impose any penalty that would not be paid directly or indirectly by the Company or result in any limitation on, or
reporting requirements to third parties by, Employee without Employee’s prior written consent. Neither the Company nor

  

 13 

 
Employee will unreasonably withhold or delay their respective consent to any proposed settlement. A party from which consent to settle is requested shall respond to such request no later than
five (5) days, unless for good cause, but in no event less than thirty (30) days. A party’s response shall either consent or set forth in reasonable detail the basis on which consent is withheld. A party failing to timely respond as
provided herein shall be deemed to have consented to such proposed settlement. 
 25.8 Non-Exclusivity. The right to
indemnification and the payment of expenses incurred in defending a Proceeding in advance of its final disposition conferred in this Section 25 shall not be exclusive of any right that Employee may have or hereafter may acquire under any
statute or certificate of incorporation or bylaws of the Company or any subsidiary thereof, agreement, vote of shareholders or disinterested directors or trustees or otherwise. 
 26. Compliance With IRC 409A. Notwithstanding anything herein to the contrary, (i) if at the time of Employee’s termination
of employment with the Company Employee is a “specified employee” as defined in Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the deferral of the commencement of any payments or benefits
otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such
payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to Employee) until the date that is six months following Employee’s termination of employment with the Company (or the earliest date
as is permitted under Section 409A of the Code) and (ii) if any other payments of money or other benefits due to Employee hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such
payments or other benefits shall be deferred if deferral will make such payment or other benefits compliant under Section 409A of the Code, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner,
determined by the Board, that does not cause such an accelerated or additional tax. The Company shall consult with Employee in good faith regarding the implementation of the provisions of this Section 25.9; provided that neither the Company nor
any of its employees or representatives shall have any liability to Employee with respect to thereto. 
 27. Effect of
Termination. Any termination of the Employee’s employment with the Company shall automatically be deemed to be a simultaneous resignation of all other positions and titles the Employee holds with the Company, Holdings or any of their
affiliates, whether as an officer, director, fiduciary, administrator or otherwise. 
 28. Continuing Effect. Except as
expressly stated herein the Prior Agreement is replaced in its entirety by this Agreement as of the Effective Date. 
  

 14 

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

			
	COMPANY:
	
	TEAM HEALTH, INC.
		
	By:	 	 /s/    Robert Joyner

	Its:	 	Executive Vice President
	
	EMPLOYEE:
	
	 /s/    David P. Jones

	David P. Jones

  

 15 

 EXHIBIT A 
 Employee shall be entitled to participate in a Bonus program based upon the achievement of certain Company goals and objectives as annually determined by the Board of Directors and a portion of the Bonus
may be discretionary. Employee shall be notified of the terms, conditions, and performance measures of the annual bonus plan as approved by the Board of Directors within seventy-five (75) days of the start of the current measurement period for
the Bonus program. For the bonus plan covering the fiscal year ended December 31, 2006, information shall be provided to the participants no later than July 31, 2006. Specific information to be provided to the Employee in regard to the
operation of the bonus program shall include, as applicable, the portion of the bonus which is discretionary, the quantitative earnings targets for the Company and, if applicable, for an operating area, qualitative performance measures, basis for
measurement of performance against targets, and adjustments of eligible bonus pool for over or under performance against targets. For purposes of the Bonus program, Employee’s eligible bonus pool will be equal to 50% of base salary as of the
end of the measurement period of the Bonus program. The Bonus amount paid hereunder, if any, shall be prorated based on the number of months the Employee worked during the bonus measurement period. Except as specifically provided in Section 6.5
(“Severance Compensation”) of this Agreement, Employee must be employed at the end of the bonus measurement period in order to be eligible to receive payment of the bonus for such period. Bonus payments, if earned, shall be paid to
Employee no later than 75 days following the measurement period for such bonus amounts. The parties specifically acknowledge that the salary and benefits paid by the Company to Employee pursuant to this agreement shall be deemed expenses when
calculating the financial performance measures under the bonus program. 
  

 16

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