Employment Agreement Jennifer Boone
Xxxxxxxx Xxxxx
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Position: |
Vice President of Network Development |
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Term: |
February 1, 2007-January 31, 2008 |
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Base Salary: |
$121,750 |
Primary
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Responsibilities: |
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1. |
Develop and refine the company’s provider network |
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2. |
Minimize network attrition |
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3. |
Develop national and regional relationships where appropriate |
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4. |
Assist in the development of client fee schedules |
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5. |
Lead the roll-out and adoption of value added services for the providers |
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6. |
Assist in the development of the new products and services for the company |
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7. |
Lead and develop your staff |
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8. |
Provide a voice on executive committee that provides guardianship of network |
Place of
Employment:
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1. |
Primary office will be at the Corporate Headquarters in Dallas, TX |
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2. |
Travel will be required as needed |
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Bonus Eligibility: |
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1. |
up to 25% of Base Salary based on achievement of annual business objectives |
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a. |
(50%) Personal Position Defined Objectives as defined by the CEO |
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b. |
(50%) Company Financial Objectives |
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2. |
Other potential as defined by the CEO or Board of Directors |
Equity
Participation:
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1. |
Determined annually by the Board of Directors |
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2. |
Vesting schedule of 4 years, monthly for all grants after 2/1/2007 |
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3. |
Full vesting on change of control |
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Benefits: |
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1. |
Consistent with the benefits offered all employees |
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2. |
Health Club dues for a personal health club as long as the facility is used at least twice per month |
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Vacation: |
4 weeks paid vacation |
Other
Considerations:
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1. |
Accommodations will be provided to allow flexible hours to minimize the impact of your commute. |
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2. |
Salary Reviews will be performed annually and increases will be based on performance |
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3. |
If there is a change of control, |
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a. |
all options will immediately vest |
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b. |
automatic 90 day severance payment |
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c. |
automatic 90 day extension of benefits |
Please indicate your acceptance of this agreement by your signature, and return this letter to me. Thank you.
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____________________________________ |
_____________________ |
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Signature |
Date |
Xxxxx X. Xxxxx
COO/CFO
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____________________________________ |
_____________________ |
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Signature |
Date |
Xxxxxxxx Xxxxx
Vice President Provider Relations
