FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT BETWEEN ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. AND RICHARD POULTON
Exhibit 10.1
FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT
BETWEEN
ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.
AND
XXXXXXX XXXXXXX
WHEREAS, Allscripts Healthcare Solutions, Inc. (the “Company”) and Xxxxxxx Xxxxxxx (“Executive”) previously entered into an Employment Agreement dated October 29, 2012 (the “Agreement”); and
WHEREAS, the Company and Executive wish to amend the Agreement to provide certain enhanced severance benefits thereunder.
NOW THEREFORE, BE IT RESOLVED, that effective as of July 31, 2020 (the “Effective Date”), the Agreement is amended as follows:
1.Section 4.5.1(i) is amended to read as follows:
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(i) |
an amount equal to two (2) times Executive’s Base Salary plus Executive’s Target Performance Bonus, payable in twenty-four (24) equal monthly installments commencing on the Termination Date, such amount to be payable regardless of whether Executive obtains other employment and is compensated therefor (but only so long as Executive is not in violation of Section 5 hereof) (with the first two installments to be paid on the sixtieth (60th) day following the Termination Date and the remaining twenty-two (22) installments being paid on the twenty-two (22) following monthly anniversaries of such date); |
2.Section 4.5.1(ii) is amended to read as follows:
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for COBRA continuation coverage, and will run concurrent with the COBRA period; and |
3.Except as provided herein, the Agreement remains in effect as drafted.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the Effective Date.
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EXECUTIVE |
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/s/ Xxxx Xxxxxxx ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. |
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