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Amendment to Employment, Noncompetition and Nondisclosure Agreement

Employment Agreement

Amendment to Employment, Noncompetition and Nondisclosure Agreement | Document Parties: IDX SYSTEMS CORP |  IDX Systems Corporation You are currently viewing:
This Employment Agreement involves

IDX SYSTEMS CORP | IDX Systems Corporation

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Title: Amendment to Employment, Noncompetition and Nondisclosure Agreement
Governing Law: Vermont     Date: 10/3/2005
Industry: Software and Programming     Sector: Technology

Amendment to Employment, Noncompetition and Nondisclosure Agreement, Parties: idx systems corp ,  idx systems corporation
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EXHIBIT 10.1

 

Amendment to Employment, Noncompetition and Nondisclosure Agreement

 

THIS Amendment to the Employment, Noncompetition and Nondisclosure Agreement is made as of September 29, 2005 by and between IDX Systems Corporation (“IDX”), and James H. Crook, Jr. (“Executive”).

 

BACKGROUND OF AGREEMENT

 

IDX and Executive entered into an Employment, Noncompetition, and Nondisclosure Agreement (the “Employment Agreement”), dated January 1, 2003. IDX and Executive entered into an Executive Retention Agreement (“the ERA”), dated November 1, 2004. By this Amendment, the parties wish to amend the Employment Agreement to clarify the Executive’s rights pursuant to the Employment Agreement in the event of a Change in Control as defined in the ERA.

 

IN CONSIDERATION of the premises, the covenants set forth herein, and other consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1. SCOPE AND EFFECT

 

This Amendment modifies, supplements and amends the Employment Agreement, and in the event of any inconsistency between the terms of this Amendment and the terms of the Employment Agreement, the terms of this Amendment shall govern and control. In all other respects, the Employment Agreement is and shall remain in full force and effect. Unless expressly indicated to the contrary hereinbelow, the defined terms used in the Amendment shall have the meanings ascribed to them in the Employment Agreement.

 

2. AMENDMENTS

 

2.1 Section 14.2.4 (“Discharge Without Cause or Resignation by the Executive for Good Reason”) of the Employment Agreement shall be amended by adding the following new sentence to the end of the section: “This Section 14.2.4 shall not apply if the Change in Control Date (as defined in the ERA


 
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