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EXHIBIT 10.24
FOURTH AMENDMENT TO
SERVICES AND SUPPORT AGREEMENT
This Fourth Amendment to Service and Support Agreement (the "Fourth
Amendment") effective as of January 1, 2000 is by and between Coast Dental
Services, Inc., a Delaware corporation ("CDS") and Coast Florida, P.A., a
Florida professional service corporation (the "Dental Practice Entity").
R E C I T A L S
WHEREAS, CDS and Dental Practice Entity are parties to that certain
Services and Support Agreement dated as of October 1, 1996, amended on June 1,
1997, further amended on October 1, 1998 and further amended on February 1, 1999
(the "Services and Support Agreement");
WHEREAS, the Dental Practice Entity has developed a new professional
compensation plan (the "Plan");
WHEREAS, the Plan is designed to provide incentive based compensation
to the dental professionals by aligning compensation with individual
performance;
WHEREAS, CDS believes the Plan developed by the Dental Practice Entity
should be beneficial to CDS and CDS wants to provide the Dental Practice Entity
the ability to properly implement the Plan;
WHEREAS, CDS and the Dental Practice Entity are now desirous of
modifying the Services and Support Agreement in accordance with the terms of the
Fourth Amendment.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties, the parties agree
to modify, supplement and amend the Services and Support Agreement as follows:
1. Recitals. The statements contained in the Recitals of facts set
forth above are true and correct and are by this reference made a part of the
Fourth Amendment.
2. Service and Support Fee. Exhibit "A" to the Services and Support
Agreement is hereby amended to change the S & S Fee percentage to Sixty-Seven
percent (67%).
3. Other Provisions. All of the term and provisions contained in the
Services and Support Agreement shall remain in full force and effect unless
specifically modified, supplemented or amended by the Fourth Amendment.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals
on the day and year first above written.
"DENTAL PRACTICE ENTITY"
COAST FLORIDA, P.A.
/s/ Xxxx Xxxxxx, D.D.S.
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Xxxx Xxxxxx, D.D.S., President
"CDS"
COAST DENTAL SERVICES, INC.
/s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx, Chief Executive Officer
