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EXHIBIT 10.136
AMENDMENT NO. 1 TO
EMPLOYMENT AGREEMENT
This AMENDMENT No. 1 dated as of December 1, 1998 (this "Amendment") is
entered into by and between RAMSAY HEALTH CARE, INC., a Delaware corporation
(the "Company") and XXXX X. XXXXXX (the "Employee", and collectively with the
Company, the "Parties").
WHEREAS, the Parties entered into that certain Employment Agreement
dated as of October 1, 1997 (the "Agreement"); and
WHEREAS, the Parties desire to amend certain terms of the Agreement as
hereinafter set forth.
NOW, THEREFORE, the Agreement is hereby amended as follows:
1. The first sentence of Section 2 of the Agreement is hereby amended
to reflect that commencing on January 1, 1999,
"the Employee shall serve in the positions of Vice Chairman of the
Board of the Company, Chief Executive Officer of the Company and
President of the Company."
2. Section 3.2 of the Agreement is hereby amended to reflect that
commencing on January 1, 1999,
"In addition to the base salary provided for in Section 3.1, during
the term of the Agreement, the Employee shall be entitled to receive
an annual bonus, if any, at the discretion of, and in such amount,
if any, as shall be determined by, the Board of Directors of the
Company."
3. This Amendment shall be effective as of January 1, 1999.
4. Except as specifically modified by this Amendment, all of the
terms and provisions of the Agreement are hereby reaffirmed and
shall remain in full force and effect and shall not be altered or
amended in any manner.
5. This Amendment shall be governed by and construed in accordance
with the laws of the State of Delaware applicable to contracts made
and to be performed entirely within such State, without regard to
any conflict of laws principles of such State.
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6. This Amendment may be executed in counterparts, each of which
shall be deemed an original and all of which taken together shall
constitute one and the same agreement.
IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as
of the date first above written.
RAMSAY HEALTH CARE, INC.
By: /s/ Xxxxxx X. Xxxxxxx
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Name:
Xxxxxx:
/s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
