Document:

exv10w15

 

Exhibit 10.15

Summary Sheet Regarding Amendment to Employment

Agreement as of March 1, 2006, between the Company and

Elyse Beth Silverberg

The base salary under the employment agreement was increased from $197,000 per year to
$225,000 per year effective January 1, 2007.exv10w17

 

Exhibit 10.17

Summary Sheet Regarding Amendment to Employment

Agreement as of March 1, 2006, between the Company and

Lawrence Pemble

The base salary under the employment agreement was increased from $197,000 per year to
$225,000 per year effective January 1, 2007.exv10w18

 

Exhibit 10.18

Chindex International Inc

Executive Management Incentive Program (IP)

For the Fiscal Year Ending March 31, 2007

Recognizing that the principal reason for the existence of a corporate entity is to increase
shareholder wealth and that this generally translates into the maximization of profits over time
and is or should be the primary goal of a publicly held corporation, Chindex International Inc.
(Parent Company) has adopted this Executive Management Incentive Program (IP) to help align
remunerative management incentives with the interests of the company’s shareholding public.

Enrollment

The three executive Officers of the Parent Company are automatically enrolled in and are
beneficiaries of this IP. They are the Chief Executive Officer (CEO), the Chief Financial Officer
(CFO), and the Executive Vice President (EVP) in charge of the Medical Products Division (MPD).

Weighting

There are two parts to the plan. Most of the incentive payout is based on the achievement of
objective Annual Performance Criteria. An additional payout based on the evaluation of the
Compensation Committee may be awarded individual executives at the discretion of the committee as
explained below.

Annual Objective Performance Criteria 

The principal metric of annual performance is the applicable Income from Operations (OI).
Incentive payments to executives enrolled in the IP shall be calculated in accordance with the
following table and, if earned, shall be paid as soon as practical following the close of the
Company’s fiscal year. Incentive payments for the CEO and CFO shall be based on the Company’s OI;
the incentive payment for the EVP of MPD shall be based 40% on the OI of MPD, 40% on the OI of the
Parent Company, and 20% on Other Annual Performance Criteria.

	 	 	 	 	 
	OI Achieved	 	Cash Bonus	 	Grant of
	as a % of annual	 	as a % of	 	Restricted
	approved budget	 	Base Salary	 	Stock*
	90 %or Less
	 	0%	 	0
	91% to 99%
	 	10%	 	0
	100% to 110%
	 	25%	 	3,000
	111% and above
	 	35%	 	4,000

Other Annual Performance Criteria

Apart from the payouts based on the annual Objective Performance Criteria shown above, a payout not
to exceed 20% of base salary may be granted to an individual at the discretion of the Compensation
Committee based on the achievement of various non-financial objectives such as developmental and
transformational projects, human resources and successor development and other objectives agreed
with the committee at the beginning of or during the relevant fiscal year, or in acknowledgement of
certain possible events altogether beyond the control of the executives which prevents complete
achievement of quantified goals.

 

*Vests over three years in equal thirdsexv10w19

 

Exhibit 10.19

TERMS OF EMPLOYMENT 

United Family Hospitals & Clinics

AGREEMENT between EMPLOYEE and Beijing Chindex Hospital Management Consulting Co., Ltd.

THIS AGREEMENT is made on May 1, 2006 between Anne Moncure (hereinafter referred to as “EMPLOYEE”)
and the Beijing Chindex Hospital Management Consulting Co., Ltd., a wholly foreign owned
organization engaged in the health care business, including providing services to Beijing United
Family Hospital and Clinics and Shanghai United Family Hospital and Clinics, at Room 216, Estoril
House, #2 Jiang Tai Lu, Chaoyang District, Beijing (hereinafter known as “UFH”).

NOW THEREFORE, it is agreed as follows:

	1.	 	Employment

UFH hereby agrees to engage the EMPLOYEE and the EMPLOYEE hereby agrees to serve as UFH President
and concurrently serve as the General Manager of the Beijing United Family Hospital & Clinics upon
all the terms and conditions hereinafter set forth. The location of EMPLOYEE’s employment is
Beijing, China, but the expectation is that the EMPLOYEE will travel regularly to other facilities
within the UFH group throughout China. It is also anticipated that travel to the United States
will be required from time to time.

	2.	 	Representations and Warranties
	 
	2.1	 	EMPLOYEE hereby represents and warrants to UFH that:

	 	(a)	 	All legal actions involving EMPLOYEE as a party or prospective party and of
which EMPLOYEE has knowledge, whether pending or threatened, have been disclosed to
UFH;
	 
	 	(b)	 	All material statements and supporting documentation submitted by EMPLOYEE in
the process of applying for employment at UFH are, to the best of his/her knowledge,
true and correct; and
	 
	 	(c)	 	EMPLOYEE will update material information provided to UFH in the application
process if such information changes.

	2.2	 	UFH hereby represents and warrants to EMPLOYEE that:

	 	(a)	 	It is duly organized and authorized under Chinese law to conduct the business
of healthcare and hospital consulting services and to employ EMPLOYEE to serve in an
employment capacity with UFH; and

 

 

	 	(b)	 	It will pay for all required applications, examinations and registrations in
China to allow EMPLOYEE to serve in an employment capacity under this Agreement and it
will undertake its best efforts to maintain the required Chinese regulatory approvals
and registrations for EMPLOYEE to continue to serve in an employment capacity in
accordance with the provisions of this Agreement. EMPLOYEE understands that UFH cannot
guarantee that EMPLOYEE will continue to be authorized for employment in China;

	3.	 	Term

The services of EMPLOYEE under this Agreement shall commence on 1 May 2006 and shall continue three
(3) years, unless earlier terminated as provided in this Agreement and may be extended with the
Agreement of both parties. Three (3) months notice should be given if either EMPLOYEE or UFH does
not intend to continue the work relationship upon the completion of the term of this Agreement.

	4.	 	Duties

4.1 During EMPLOYEE’s period of service under this Agreement, EMPLOYEE shall perform such duties as
are consistent with the EMPLOYEE’s skills and training and as may be consistent with his/her
position at UFH.

4.2 EMPLOYEE recognizes that because of UFH’s unique status as the sole provider of international
standard hospital facilities in China, the nature of and demand for EMPLOYEE’s services may differ
from those which would be the case in a similar HOSPITAL in the United States of America, United
Kingdom, or similar developed country.

4.3 EMPLOYEE shall devote full working time, energy and skills to UFH except as otherwise expressly
permitted in writing by UFH.

4.4 EMPLOYEE agrees to be assigned as the UFH President and General Manager of Beijing United
Family Hospital and Clinics and to fulfill the responsibilities of both positions.

	5.	 	Compensation

5.1 The EMPLOYEE will be paid a base salary of USD155K gross per annum. EMPLOYEE may also specify
amounts of base salary to be placed into a tax advantageous benefit structure that can include any
of the following components:- housing, domestic and international travel or education.

5.2 UFH and EMPLOYEE agree that 15% of the total contract salary amount is specifically intended as
economic compensation to the employee in exchange for the EMPLOYEE’s promise not to compete with
UFH for a period of two (2) years after termination of the employment relationship.

5.3 In addition, the EMPLOYEE will be entitled to the following benefits :-

 

 

	5.3.1	 	Full healthcare and dental insurance for EMPLOYEE and spouse;
	 
	5.3.2	 	Housing located physically close to the Beijing facility, up to an amount of USD30,000 per
year;
	 
	5.3.3	 	Travel Allowance of USD10,000 per twelve month period for spouse/family travel and home
leave;
	 
	5.3.4	 	Share Options in Chindex International totaling 20,000; 5,000 vesting upon commencement of
employment after signature of this Contract, and 5000 vesting each year upon the employment
anniversary for three years; a Share Option Agreement will form an attachment to this
Contract, as Appendix I. The foregoing is subject to the final approval of the Compensation
Committee of Chindex International, Inc. making such stock option award. Additional options
will be granted as additional potential bonus based on the outcome of the first year review.
	 
	5.3.5	 	A potential bonus earning of up to USD35,000 per twelve month period, payable based upon
performance criteria to be mutually determined between EMPLOYEE and Roberta Lipson.
	 
	5.3.6	 	Allowance for professional membership and conferences, including ACHE Congress ($3,000) and
ACHE membership at US$75 per twelve months.
	 
	5.3.7	 	Cost of relocation to Beijing, China from New Delhi, India, up to a value of US$10,000 plus
airfares for EMPLOYEE and spouse.
	 
	6.	 	Illness

If the EMPLOYEE is unable to attend work due to injury or illness the employee is entitled to claim
Sickness Leave Payment. Where the EMPLOYEE is ill, the EMPLOYEE is entitled to six (6) paid days
in each year on full pay.

	7.	 	Vacation

EMPLOYEE shall be entitled to paid vacations as are in accordance with the UFH Vacation and Leave
Schedule as in effect from time to time. EMPLOYEE shall be entitled to 20 days (4 weeks)
paid-vacation per 12-month period, plus statutory public holidays as defined by the Chinese
Government. All absences shall be scheduled in advance to assure adequate staffing. Adequate
notice shall be given to the Executive Group and to the HR Department. No unapproved absences
shall be compensated by UFH.

	8.	 	Taxes

8.1 Payment of Chinese taxes will be the responsibility of the EMPLOYEE. However, UFH will
withhold such taxes and pay such taxes on behalf of the EMPLOYEE. EMPLOYEE will reimburse such
taxes to UFH on a monthly basis through salary deduction

8.2 UFH shall provide EMPLOYEE with documentary evidence of all taxes withheld or paid on his/her
behalf as and when withheld or paid, as the case may be.

 

 

	9.	 	Assignment

9.1 Except as otherwise expressly provided, EMPLOYEE agrees on behalf of his/her own person,
his/her personal representatives, heirs, legatees, distributees and any other person or persons
claiming any benefits under him/her or by virtue of this Agreement, that this Agreement and the
rights interests and benefits hereunder shall not be assigned, transferred, or pledged in any way
by EMPLOYEE or any such person and shall not be subject to execution, attachment, or similar
process. Any attempted assignment, transfer, pledge, or any other disposition of this Agreement or
such rights, interest, and benefits contrary to the foregoing provisions, or levy or any similar
process thereupon, shall be null and void and without effect.

9.2 This Agreement shall be binding upon and inure to the benefit of any successor entity to UFH
which continues the business operations thereof.

	10.	 	Termination

10.1 The employment of EMPLOYEE hereunder may be voluntarily terminated by EMPLOYEE by giving
a minimum of three (3) months written notice to UFH during the first six (6) months of employment.
After this initial six (6) month period, the EMPLOYEE shall give a minimum of six (6) months
written notice in case of voluntary termination.

10.2 UFH may terminate this Agreement at any time without cause upon the provision of one (1)
months written notice to EMPLOYEE during the first six (6) months of employment. After this
initial six (6) month period, UFH shall give a minimum of three (3) months written notice in case
of termination.

10.3 UFH may terminate this Agreement at any time for cause without advance notice and with
immediate effect. Among the acts or events which shall constitute cause are the following:

	 	(a)	 	Continuation for a period of four (4) months of mental or physical disability
which, in the sole judgement of UFH, prevents EMPLOYEE from satisfactorily performing
EMPLOYEE’s duties with UFH;
	 
	 	(b)	 	Documented or witnessed disclosure of confidential UFH information to any
source not authorized to receive such information;
	 
	 	(c)	 	Abuse or neglect of a patient at any of the UFH facilities;
	 
	 	(d)	 	Professional or personal misconduct that could potentially bring discredit to
UFH or any of the facilities;
	 
	 	(e)	 	Demonstrated incompetence or persistent negligence in the performance of
duties; and
	 
	 	(f)	 	Violation or breach of the provisions of this Agreement, but only to the
extent that EMPLOYEE has been notified in writing of such violation and has failed to
cure any such breach within 30 days of receipt of notice of the violations.

 

 

	10.4	 	Notwithstanding any other provision of this Agreement, UFH may terminate EMPLOYEE’s
employment upon 90 days notice if any of the following events occur:

	 	(a)	 	EMPLOYEE is no longer authorized by the appropriate Chinese approval
authorities to remain in China or is authorized to remain but not to be employed as
stipulated in this Agreement, whether or not such issue is the fault of the EMPLOYEE;
	 
	 	(b)	 	UFH or Beijing United Family Hospital and Clinics takes a bona fide decision
to terminate its business, is required to terminate or curtail its business by virtue
of government action, or experiences an unexpected situation in which UFH or Beijing
United Family Hospital and Clinics has no effective way of operating; or
	 
	 	(c)	 	UFH is sold, merged, consolidated or otherwise changed in its ownership
structure in a material way, which makes continued employment of employee impractical.

	11.	 	Termination Compensation

In the event this Agreement is terminated prior to expiration, without renewal or extension by
subsequent Agreement, EMPLOYEE shall be entitled to severance payments in accordance with the
Chinese Labor Law, which stipulates that, EMPLOYEE will be paid one months salary for every year
worked.

	12.	 	Employee Evaluation

In accordance with policies and procedures adopted by UFH, periodic written evaluations of the
performance of EMPLOYEE will be conducted. EMPLOYEE’s first such evaluation shall take place after
EMPLOYEE has been employed by UFH for a period of six (6) months and will be scheduled by the
Chindex Senior Management Team, including Roberta Lipson, Lawrence Pemble and Elyse Silverberg,
and attended by the HR director of UFH.. This evaluation, and subsequent evaluations will, in
addition to other matters as determined by UFH, include evaluation of the EMPLOYEE’s demonstrated
performance in the following areas:

	 	(a)	 	Profitable operations of UFH and individual facilities;
	 
	 	(b)	 	Participation with the Chindex Executive Management in corporate strategic positioning of
UFH for profitable growth and development including the financing of such growth;
	 
	 	(c)	 	Leadership in coordination with the UFH CFO of development of UFH
budget and implementation of board of directors approved budgets;
	 
	 	(d)	 	Professional attitude and leadership behavior in development of, and
adherence to, and implementation of UFH organizational policies;
	 
	 	(e)	 	Overall individual contribution to UFH and such other matters as are
relevant to an evaluation of EMPLOYEE’s performance.

 

 

	13.	 	Confidentiality

13.1 EMPLOYEE agrees during the term of this Agreement, and for one year thereafter, EMPLOYEE will
not disclose, other than to an employee of UFH, any information relating to UFH’s or Chindex
International’s business without the written consent of UFH. Upon expiration or termination of
this Agreement, EMPLOYEE agrees not to remove or retain, without UFH’s express written consent, any
lists, letters, files or other information which relates to UFH’s practice and business.

13.2 EMPLOYEE expressly agrees to treat all matters relating to any of the UFH facilities patients
as confidential information and entrusted to EMPLOYEE solely for use of UFH and not to divulge such
information in any way to persons outside UFH’s employ during or after EMPLOYEE’s service without
the express written permission of UFH.

	14.	 	Non-Competition

EMPLOYEE consents and agrees not to work with a competing medical facility within the People’s
Republic of China during a two (2) year period following his/her cancellation of employment with
UFH for any reason. If EMPLOYEE should accept such employment following his/her cancellation of
employment with UFH, he/she shall be liable to UFH for an amount equal to the last six (6) months
of his/her total compensation. Such liquidated damages are not intended as a penalty, but as a
stipulated measure of damages resulting from such a breach of contract.

	15.	 	Amendment

This Agreement may be amended at any time by mutual consent of the parties and may be amended by
UFH upon 180 days notice in writing to EMPLOYEE.

	16.	 	Waiver

If either party waives a breach of this Agreement by the other party, that waiver will not operate
or be construed as a waiver of later similar breaches.

	17.	 	Entire Agreement

This Agreement constitutes the entire agreement between parties with respect to the subject matter
of this Agreement, and, except as otherwise provided, no amendment, alteration or modification of
this Agreement shall be valid unless in each instance such amendment, alteration or modification is
expressed in a written instrument executed by the parties. This Agreement supersedes all prior
negotiations, discussions, correspondence and drafts of agreements between the parties relating to
this Agreement and the subject matter hereof. Neither party to this Agreement has made any
representation or warranty relating to this Agreement or the subject matter hereof except those
specifically contained in writing in this Agreement.

	18.	 	Governing Law

This Agreement shall be interpreted in accordance with, and is subject to, the laws of the People’s
Republic of China. To the extent that the law of the People’s Republic of China

 

 

does not address a
particular issue, that issue will be interpreted in accordance with the law of the State of
Maryland in the United States of America.

	19.	 	Severability

If any portion of this Agreement is at any time found to be non-binding by any court or government
regulatory authority, all other portion or portions shall remain in effect as written.

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

	 	 	 	 	 	 	 
	/S/ Roberta Lipson

	 	 	 	/S/ Anne Moncure	 	 
	 

Roberta Lipson

	 	 	 	 

Ms Anne Moncure
	 	 
	Chairman
	 	 	 	 	 	 
	United Family Hospitals & Clinics

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