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AMENDMENT NO. 3 TO THE
COMPANY’S MANAGEMENT STOCK PURCHASE PLAN
WHEREAS,
LifePoint Hospitals, Inc. (the “Company”) established
the LifePoint Hospitals, Inc. Management Stock Purchase Plan (the
“Plan”) effective May 11, 1999, in order to
encourage equity ownership in the Company among its executives and
to align the financial interests of such executives and the
Company’s stockholders;
WHEREAS,
the Plan was (i) amended and restated effective
December 16, 2002, without the need for approval from the
Company’s stockholders, (ii) amended with approval of
the Company’s stockholders, effective May 13, 2008, to
increase the number of shares of the Company’s stock
available for issuance under the Plan, and (iii) amended,
effective January 1, 2009, to comply with Treasury Regulations
promulgated under Section 409A of the Internal Revenue Code
without the need for approval from the Company’s
stockholders;
WHEREAS,
the Plan provides for a ten year term;
WHEREAS,
Section 12 of the Plan provides that the board of directors of
the Company may amend the Plan at any time, subject to the approval
of the Company’s stockholders where necessary;
WHEREAS,
the board of directors of the Co
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