AMENDMENT TO EMPLOYMENT AGREEMNETEmployment Agreement Amendment |
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EXHIBIT 10.1
FIRST AMENDMENT OF EMPLOYMENT AGREEMENT
This
First Amendment (this “Amendment”) is entered into as of
November 15, 2006, by and between United Surgical Partners International,
Inc., a Delaware corporation (“USPI”), and William H. Wilcox
(“Employee”), with reference to the following facts:
RECITALS
A.
The parties hereto have entered into that certain Employment Agreement, dated
as of November 15, 2002 (the “Agreement”). The capitalized
terms used in this Amendment and not otherwise defined herein shall have the
meanings given to them in the Agreement.
B.
The parties desire to amend the Agreement as described herein.
THEREFORE,
the parties hereto agree as follows:
AGREEMENT
1.
Section 1 of the Agreement is amended and restated in full to read as
follows:
“1. Employment.
USPI hereby employs Employee as the President and Chief Executive Officer
of USPI.”
2.
The second sentence of Section 2 of the Agreement is amended and restated
in full to read as follows:
“Employee shall report
to the Board of Directors of USPI and shall have such duties, responsibilities
and authority as are set forth in the Bylaws of USPI or as determined by the
Board of Directors from time to time.”
3.
The first sentence of Section 3(a) of the Agreement is amended to replace
“$415,000” with “$575,000.”
4.
Except as expressly amended herein, the terms and provisions of the Agreement
are hereby ratified and confirmed and shall remain in full force and effect,
and the parties acknowledge that the Agreement has been renewed for a two-year
term ending on November 15, 2008.
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