[DESCRIPTION] MATERIAL CONTRACT
EX-10.6b Copy of Amendment to Employment
Contract dated July 1, 1996, between
Registrant and G. Xxxxxxx Xxxxxx*
AMENDMENT TO EMPLOYMENT CONTRACT
BETWEEN THE WELLCARE MANAGEMENT GROUP, INC. ("WCMG")
AND G. XXXXXXX XXXXXX ("EMPLOYEE")
EFFECTIVE JULY 1, 1993
This Amendment to said Employment Contract is hereby effective as of
JULY 1, 1996, and replaces sections to said Employment Contract as
follows:
WHEREAS, WCMG desires to secure the services of Employee
to serve as President of Agente Benefit Consultants, Inc. (ABC,
Inc.) (formerly WellCare Administration, Inc.) for a term of one (1)
year, effective July 1, 1996 through and including July 1, 1997
(such period referred to herein as the "Employment Period"), and
Employee desires to accept such employment.
Section 1. Employee will render full-time professional services to
WCMG in the capacity of President of Agente Benefit
Consultants, Inc. (ABC, Inc.) for the term of this
Contract. Employee will, at all times, faithfully,
industriously, and to the best of his ability, perform
all duties that may be required of him by virtue of his
position to the reasonable satisfaction of WCMG's
President and Board of Directors.
Section 2. a. Base Compensation
WCMG shall pay Employee, in installments consistent with
WCMG's usual payroll practices, an annual base salary of
$88,200 through July 1, 1997. In the event that the
Employee is, or is to be, employed for less than a full
payroll installment period, such installment of the
annual base salary shall be appropriately adjusted.
b. Performance Bonus
Any and all bonus compensation shall be at the
discretion of WCMG's President and Board of Directors.
Section 6. During the term of this Employment Contract, Employee
agrees not to, either directly or indirectly, within the
service area of plans managed by WCMG, enter the
employment of or render services to any other person,
corporation, or health-related service company engaged
in similar type business as WCMG interested therein,
either directly or indirectly, as an individual party,
stockholder, director, officer, principal, agent,
employee, or any other relationship or capacity
whatsoever, without the written consent of WCMG. Such
consent shall not be unreasonably withheld.
Section 7. Termination
d. Upon termination at the election of WCMG, without cause,
all rights, duties, and obligations of both parties
shall cease except that WCMG shall continue to pay
Employee's salary as well as pay for Employee's life,
disability, and HMO health insurance for a period of six
(6) months. No salary or benefits shall be paid upon
the expiration of the Employment Period.
All other terms and conditions of said Employment Contract shall
remain the same.
This Amendment is hereby signed this first day of July 1996.
The WellCare Management Group, Inc. Employee
/s/ Xxxxxx X. Xxxxxxx /s/ G. Xxxxxxx Xxxxxx
Xxxxxx X. Xxxxxxx, President G. Xxxxxxx Xxxxxx
