Amendment No. 2 to Director Stock Option Agreement between Community Health Systems Holdings Corp. and Director
This amendment updates the Director Stock Option Agreement between Community Health Systems Holdings Corp. and its director. The main change extends the period during which the director can exercise stock options from 30 days to 60 days. All other terms of the original agreement remain unchanged. The amendment is effective upon execution by the company, represented by its Chairman, President, and CEO.
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Exhibit Number 10.5
AMENDMENT NO. 2
TO THE
DIRECTOR STOCK OPTION AGREEMENT
BY AND BETWEEN
COMMUNITY HEALTH SYSTEMS HOLDINGS CORP.
AND
NOW, THEREFORE, the following change to the Director Stock Option Agreement (the "Agreement"), is made pursuant to the provisions of Section 11 of the Agreement, effective on the date that this amendment is executed by the Company:
1. Section 6.2(b) of the Agreement is hereby amended to delete all references to a "30-day period" in which the Option shall be exercisable, and substitute therefore references to a "60-day period" in which the Option shall be exercisable.
Except as expressly amended hereby, the provisions of the Agreement are and shall remain in full force and effect.
| COMMUNITY HEALTH SYSTEMS, INC., f/k/a COMMUNITY HEALTH SYSTEMS HOLDING CORP. | ||
| April 23, 2004 | ||
Wayne T. Smith Chairman, President and Chief Executive Officer | Date | |
Rachel A. Seifert, Secretary |
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- Exhibit Number 10.5
