SEC Contract Filing

Filing Date: 2020-05-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2020402d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 10.1</B></P>

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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>EMPLOYMENT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 55pt; text-align: justify; text-indent: 36.05pt"><FONT STYLE="font-size: 10pt"><B>EMPLOYMENT
AGREEMENT,</B> dated _________</FONT><FONT STYLE="font-size: 14pt"><SUP>5/1/2020</SUP></FONT><FONT STYLE="font-size: 10pt">__,2020
(the &ldquo;<U>Agreement</U>&rdquo;), by and between AdaptHealth Corp., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;),
and Jason Clemens (the &ldquo;<U>Employee</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 55pt; text-align: justify; text-indent: 36.05pt"><B>WHEREAS,
</B>the Company desires to employ the Employee and the Employee desires to accept such employment, in each case upon the terms
and conditions contained herein;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 55pt; text-align: justify; text-indent: 36.05pt"><B>NOW
THEREFORE,</B> in consideration of the promises and the mutual agreements made herein, the Company and the Employee, intending
to be legally bound hereby, agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 55pt; text-align: justify; text-indent: 36.05pt"><FONT STYLE="color: #010000">1.</FONT><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Employment;
Duties</U>. The Company shall engage the Employee to serve as Chief Financial Officer, reporting to Chief Executive Officer
of the Company. Employee hereby agrees to serve in such capacity, during the &ldquo;<U>Employment Period</U>&rdquo; as
defined in <U>Section 2</U>. The Employee agrees that during the Employment Period, he shall give his best effort, skill and
abilities to promote the business and interests of the Company as reasonably directed by the Company (acting for all purposes
of this Agreement through its specifically identified designee). The Employee agrees to faithfully and diligently perform
such reasonable duties, commensurate with the Employee&rsquo;s position and work time commitment, as may from time to time be
assigned to the Employee by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 55pt; text-align: justify; text-indent: 36.05pt">Employee
represents to the Company that he is not subject or a party to any employment agreement, non-competition covenant,
non-disclosure agreement or other agreement, covenant, understanding or restriction of any nature whatsoever which would be
breached by Employee&rsquo;s execution of this Agreement and/or his performance of his duties and responsibilities hereunder,
or which would in any manner, directly or indirectly, limit or affect the duties and responsibilities which may now or in the
future be assigned to Employee by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 55pt; text-align: justify; text-indent: 36.05pt"><FONT STYLE="color: #010000">2.</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Period</U>. This Agreement shall be effective commencing on ___________, 2020 (the &ldquo;<U>Effective Date</U>&rdquo;),
which Effective Date shall be no later than August 15, 2020. The Employee acknowledges and agrees that this Agreement is not
intended to create any contractual rights or obligations concerning the Employee&rsquo;s employment, other than those
contained herein. The Employee will be employed on an &ldquo;at-will&rdquo; basis, meaning that either the Employee or the
Company may terminate this Agreement at any time in accordance with the provisions of <U>Section 7 </U>and <U>Section 8</U>.
The time beginning on the Effective Date and ending on the date of termination of this agreement in accordance with <U>Section
7</U> or <U>Section 8 </U>is referred to as the &ldquo;<U>Employment</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 55pt"><U>Period</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 91pt"><FONT STYLE="color: #010000">3.</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 55pt; text-indent: 1in; text-align: justify"><FONT STYLE="color: #010000">(a)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Base
Compensation</U>. The Employee shall be paid a base salary of not less than Four Hundred Twenty-Five Thousand ($425,000) per
year, less any applicable statutory and regulatory deductions (the &ldquo;<U>Base Salary</U>&rdquo;), and such minimum Base
Salary will stay in effect for the Employment Period. The Base Salary will be reviewed at least annually and may be increased
in accordance with the Company&rsquo;s regular compensation policies and practices.</P>

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