AMERICAN WELL CORPORATION AMENDMENT TO EMPLOYMENT AGREEMENT
AMERICAN WELL CORPORATION
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”), effective as of December 17, 2024 (the “Effective Date”), is made to that certain Employment Agreement (“Agreement”), dated October 14, 2024, by and between American Well Corporation, a Delaware corporation (the “Company”), and Mark Hirschhorn, an individual (the “Executive”) (hereinafter collectively referred to as “the parties”), as amended. Where the context requires, references to the Company shall include the Company’s subsidiaries and affiliates.
RECITALS
WHEREAS, Company and Executive desire to revise the commercial terms of the Agreement.
NOW, THEREFORE, in consideration of the respective agreements of the parties contained herein, it is agreed as follows:
“(a) Executive shall be employed as Executive Vice President, Chief Financial Officer and Chief Operating Officer of the Company, reporting to the CEO. Executive shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken and exercised by persons situated in similar executive capacities.”
“(a) Base Salary. Beginning effective as of December 17, 2024, during the Employment Term, Executive shall be paid an annual base salary of US $575,000 (as in effect from time to time, “Base Salary”). The Base Salary shall be payable in accordance with the Company’s regular payroll practices as then in effect.
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IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the day and year first above written, to be effective as of the Effective Date.
AMERICAN WELL CORPORATION
By: /s/ Brad Gay
Name: Brad Gay
Title: General Counsel
EXECUTIVE
By: /s/ Mark Hirschhorn
Name: Mark Hirschhorn