SEC Contract Filing

Filing Date: 2022-01-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>waiveragreementtoamendedem.htm
<DESCRIPTION>EX-10.2
<TEXT>
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<title>Document</title></head><body><div id="iac843510197d455294eb05d3c772a391_1"></div><div style="min-height:144pt;width:100%"><div style="padding-left:315pt;text-align:right"><img alt="cernerlogocolor.jpg" src="cernerlogocolor.jpg" style="height:51px;margin-bottom:5pt;vertical-align:text-bottom;width:200px"></div><div style="padding-left:261pt;text-align:right"><font style="color:#1393d1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2800 Rock Creek Parkway</font></div><div style="padding-left:315pt;text-align:right"><font style="color:#1393d1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Kansas City, MO 64117</font></div><div style="padding-left:315pt;text-align:right"><font style="color:#1393d1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">816.201.1024</font><font style="color:#1393d1;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </font><font style="color:#1393d1;font-family:'Times New Roman',sans-serif;font-size:6.47pt;font-weight:400;line-height:100%;position:relative;top:-3.48pt;vertical-align:baseline">Tel</font></div><div style="padding-left:315pt;text-align:right"><font style="color:#1393d1;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">816.474.1742</font><font style="color:#1393d1;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </font><font style="color:#1393d1;font-family:'Times New Roman',sans-serif;font-size:6.47pt;font-weight:400;line-height:100%;position:relative;top:-3.48pt;vertical-align:baseline">Fax</font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">January 14, 2022</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Dear Jerome&#58;</font></div><div><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">As you know, Cerner Corporation (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;) has entered into that certain Agreement and Plan of Merger, by and among the Company, OC Acquisition LLC, a Delaware limited liability company (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline">Parent</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;), Cedar Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of Parent, and Oracle Corporation (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline">Merger Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;), which contemplates, among other things, the acquisition of the Company by Parent (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline">Transaction</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;). Reference is made to the Company Executive Severance Agreement effective as of June 1, 2020, as amended on February 19, 2021, by and between you and the Company (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline">Severance Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;). </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">As an inducement for Oracle Corporation and Parent to enter into the Merger Agreement, subject to and effective upon the Closing (as defined in the Merger Agreement), you hereby agree to waive any right to voluntarily terminate your employment following a Constructive Termination or for Good Reason, in each case, pursuant to clause (1) of the applicable defined term as set forth on Appendix A of the Severance Agreement at any time from and after the Acceptance Time (as defined in the Merger Agreement) (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline">Waiver Period</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;). </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">If (i) your employment is t