Exhibit 10.9f
AMENDMENT NO. 1 TO
THE EMPLOYMENT AGREEMENT
This Amendment No. 1 to the Employment Agreement dated
as of December 11, 1997 (the "Agreement"), is made by and between
MAXICARE HEALTH PLANS, INC., a Delaware corporation (the
"Company"), and Xxxxxxx X. Link, an individual ("Executive") and
is dated as of May 8, 1998.
R E C I T A L S
WHEREAS, Executive presently serves as Executive Vice
President and Chief Financial Officer of the Company pursuant to
the Agreement, exerting particularly diligent efforts in such
capacities on behalf of the Company;
WHEREAS, the Company has entered into an Agreement of
even date herewith (the "Xxxxx Settlement") with Xxxx X. Xxxxx,
Xx. ("Xxxxx") and certain of the Company's shareholders who
joined with Xxxxx (collectively the "Xxxxx Group") in a Written
Consent Action with respect to the Company dated March 19, 1998
(the "Consent Solicitation");
WHEREAS, certain other shareholders, who combined with
the Xxxxx Group control in excess of 50% of the outstanding
shares of the Company, have agreed to support certain terms of
the Xxxxx Settlement which provides for the election of three new
members to the Company's Board of Directors who have been
suggested by Xxxxx or such shareholders (the "New Directors"),
the dismissal of certain pending litigation between the Company
and Xx. Xxxxx and Xx. Xxxxx'x termination of his Consent
Solicitation;
WHEREAS, the Company and Executive wish to clarify any
ambiguities with respect to the "Change of Control" or other
provisions of the Employment Agreement raised by the election of
the New Directors to the Board; and
NOW, THEREFORE, in consideration of the terms and
conditions hereinafter set forth, the Company and Executive agree
as follows:
1. Section 1. Definitions. (e) "Continuing
Directors" shall be changed to add at the end thereof the
following:
"Notwithstanding anything to the contrary
contained elsewhere herein or the
definition of "Continuing Directors"
above, neither Xxxx X. Xxxxx, Xx., Xxxxxx
Xxxxxxx, Xxxxxx Xxxxxx, nor any other
person initially elected to the Board of
Directors at or before the Company's 1998
Annual Meeting of Shareholders, pursuant
to the terms of that certain Agreement
dated as of May 8, 1998 between the
Company and Xxxx X. Xxxxx, Xx. and certain
other parties shall be considered a
"Continuing Director" as such term is
defined in the Agreement."
2. Except as expressly set forth herein, all of the
terms and conditions contained in the Agreement shall remain in
full force and effect.
IN WITNESS WHEREOF, this Amendment No. 1 to the
Agreement has been executed as of the date first above written.
EXECUTIVE MAXICARE HEALTH PLANS, INC.
/s/ Xxxxxxx X. Link /s/ Xxxx Xxxxx
Xxxxxxx X. Link
By: /s/ Xxxx Xxxxx
Its: Secretary