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EXHIBIT 10.26
FIRST AMENDMENT TO SPLIT DOLLAR AGREEMENT
This amendment made on this 1st day of June, 1998, by and
between Chemed Corporation (hereinafter referred to as the "Corporation") and
_______________ (hereinafter referred to as the "Employee").
RECITALS
1. The Corporation and the Employee entered into a Split
Dollar Agreement dated June 1, 1995 (the "Agreement").
2. Pursuant to Article 11 of the Agreement, the Corporation
and the Employee have the right to amend the Agreement.
3. The parties wish to amend the Agreement to include an
additional life insurance policy on the life of the Employee.
NOW, THEREFORE, the parties agree as follows:
A. Article 2.1 of the Agreement is hereby amended by
adding the following additional paragraph:
The Employee has applied to Phoenix Home Life Mutual Insurance
Company for another policy (which together with other policies under this
agreement are collectively referred to as the "Policy") in the initial face
amount of $_______ and which is more particularly described on Schedule A.
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B. The Corporation and the Employee hereby confirm and readopt
all other provisions of the Agreement.
IN WITNESS WHEREOF, the parties have executed this First
Amendment to the Agreement as of the date first written above.
CHEMED CORPORATION
By:
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Witness
By:
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Witness Employee/Insured
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SCHEDULE TO EXHIBIT 10.26
Policy Initial Policy
Insured Insurer Number Face Amount
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Xxxxx X. XxXxxxxx Phoenix Home Life 2,745,675 585,396
President
Xxxxxx X. Xxxxxx Phoenix Home Life 2,748,193 271,285
Vice President
Xxxxxxx X. X'Xxxxx Phoenix Home Life 2,743,884 393,576
Executive Vice
President &
Treasurer
Xxxxxx X. Xxxxxx Phoenix Home Life 2,747,874 135,240
Vice President &
Controller
