EXHIBIT 10.33
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
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THIS FIRST AMENDMENT is made as of this 15th day of October, 2000, by and
between SELECT MEDICAL CORPORATION, a Delaware corporation (the "Employer") ,
having an address c/o Select Medical Corporation, 0000 Xxx Xxxxxxxxxx Xxxx, X.X.
Xxx 0000, Xxxxxxxxxxxxx, Xxxxxxxxxxxx 00000, and XXXXX X. XXXXX, an individual
(the "Employee"), residing at 00 Xxxxxxxxx Xxxxx, Xx. Xxxxx, Xxxxxxxx 00000.
BACKGROUND
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A. Employer and Employee executed and delivered that certain Employment
Agreement, dated December 16, 1998 (the "Agreement"), pursuant to which Employer
employed Employee to serve as its Senior Vice President - Development and to
develop new long term acute care hospitals for Employer and to provide other
services for Employer's businesses. All capitalized terms not specifically
defined herein shall have the meanings ascribed to them in the Agreement.
B. Employer and Employee now desire to amend the Agreement as hereinafter
provided.
NOW, THEREFORE, the parties hereto, intending to be legally bound hereby,
covenant and agree as follows:
1. Amendment to Section 5(a). The first sentence of Section 5(a) of the
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Agreement is hereby amended and restated as follows:
"This Agreement shall commence on the date hereof and remain in effect,
unless this Agreement is terminated by either party hereto, or extended by
the written agreement of both parties hereto, until December 31, 2001."
2. Amendment to Section 4.2. Section 4.2 of the Agreement is hereby amended
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and restated as follows:
"You will be eligible to receive incentive compensation at such times and
in such amounts as is determined by the Chairman or the President of
Employer from time to time."
3. No Other Modifications. Except as expressly amended hereby, the
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Agreement shall remain unmodified and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to
Employ-
ment Agreement to be executed the day and year first above written.
Employer:
SELECT MEDICAL CORPORATION, a Delaware
corporation
By: /s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx X. Xxxxxxxx,
President
Employee:
/s/ Xxxxx X. Xxxxx
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Xxxxx X. Xxxxx
