SEC Contract Filing

Filing Date: 2022-01-10

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d261098dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMEDISYS HOLDING, L.L.C. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SEVERANCE PLAN </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FOR
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHIEF EXECUTIVE OFFICER </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">JANUARY 2022 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.
</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Purpose</B>. The purpose of this Amedisys Holding, L.L.C. Severance Plan for the Chief Executive Officer (this &#147;Plan&#148;) is to provide a fair framework in the event of the termination of employment in certain
circumstances for the Chief Executive Officer of the Company. This document supersedes any prior plan, program or arrangement that provides severance benefits to the Covered Executive (as defined below) eligible for benefits under this Plan. This
document is intended to serve both as the official plan document and the summary plan description for this Plan. The Plan is sponsored by Amedisys Holding, L.L.C. (&#147;Company&#148;). The Company is the Plan Administrator. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2. </B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Covered Executive</B>. To be eligible for benefits under this Plan an executive must (1)&nbsp;be employed
by the Company in the position of Chief Executive Officer; and (2)&nbsp;have executed and delivered to the Company (and not have revoked or attempted to revoke) the Company&#146;s Executive Protective Covenants Agreement (&#147;EPCA&#148; or other
similarly named agreement) (the &#147;Covered Executive&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Plan shall not be applicable to any employee who is a party to a
separate employment agreement with the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3. </B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Definitions</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<B>Cause</B>. &#147;Cause,&#148; as it applies to the determination by the Company to terminate the employment of
the Covered Executive, shall mean any one or more of the following: (i)&nbsp;Covered Executive&#146;s default or breach of any of the provisions of any agreement that the Covered Executive may have with the Company or any affiliate or subsidiary;
(ii)&nbsp;Covered Executive engages in an act or series of acts constituting fraud, abuse, dishonesty, embezzlement, destruction or theft of Company property, or breach of the duty of loyalty owed by Covered Executive to the Company;
(iii)&nbsp;Covered Executive&#146;s violation of any applicable laws, rules or regulations (including, without limitation, all Medicare and other health care laws, rules and regulations pertaining to the provision of home health care, hospice or any
other services provided by the Company); (iv) Covered Executive&#146;s furnishing materially false, inaccurate, misleading or incomplete information to the Company; (v)&nbsp;Covered Executive engages in an act or series of acts constituting a
material breach of the Company&#146;s Code of Ethical Business Conduct, the Company&#146;s employee handbook or any other Company policy; (vi)&nbsp;Covered Executive&#146;s willful failure to follow reasonable and lawful directives of Covered
Executive&#146;s supervisor, or any of the Company&#146;s senior executive officers, which are consistent with Covered Executive&#146;s job responsibilities and performance; or (vii)&nbsp;Covered Executive&#146;s failure to satisfy the requirements
of Covered Executive&#146;s job, regardless whether or not such failure is willful, including the failure </P>
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to satisfy the objectives of any action plan or performance improvement plan that Covered Executive may be under. In the event of a termination by the Company for Cause, Covered Executive shall
have no right to any severance benefits under this Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<B>Code. </B>&#147;Code&#148; shall mean the United
States Internal Revenue Code of 1986, as amended, or any successor provision of law, and the regulations promulgated thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<B>Good Reason</B>. &#147;Good Reason,&#148; as it applies to the determination by the Covered Executive to
terminate Covered Executive&#146;s employment with the Company at his or her initiative shall mean the occurrence of any of the following events without Covered Executive&#146;s written consent: (i)&nbsp;Covered Executive suffers a material
diminution in author