EXHIBIT 10.29
FIRST AMENDMENT TO THE
EMPLOYMENT AGREEMENT
DATED MAY 1, 1999,
BETWEEN
FIRST HEALTH GROUP CORP.
AND
XXXXXX X. XXXXXXXX
THIS FIRST AMENDMENT is entered into as of the 1st day of November, 2003, by
and between First Health Group Corp. ("First Health") and Xxxxxx X. Xxxxxxxx
("Employee").
WHEREAS, First Health and Employee have previously entered into that certain
Employment Agreement, dated May 1, 1999 (the "Agreement"), under which First
Health employs Employee;
WHEREAS, First Health and Employee desire to amend the Agreement to change
Employee's annual salary.
NOW THEREFORE, in consideration of the mutual covenants contained in this
Amendment and in the Agreement and other good and valuable consideration,
the parties agree to amend the Agreement as follows:
1. Effective on and after January 1, 2003, the first sentence in Section
5(a) of the Agreement is replaced with the following:
(a) Salary. Employee will receive an annual salary of $250,000.
2. The parties ratify and affirm the Agreement and agree that it is valid
as amended herein. The terms of this Amendment shall prevail over any
conflict with the terms of the Agreement.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first written above.
Employee: First Health Group Corp.
_________________________ By: _________________________
Xxxxxx X. Xxxxxxxx Xxxxxx X. Xxxxxxx
Date: ___________________ Title: President & Chief Executive Officer
Date: _______________________
