Second Amendment to Employment Agreement between First Health Group Corp. and Patrick G. Dills

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between First Health Group Corp. and Patrick G. Dills. It extends the term of employment through December 31, 2003, with automatic renewal unless terminated earlier. It also allows Mr. Dills, after March 31, 2003, to request a reduction in his work hours, with a corresponding adjustment in pay, subject to reasonable consideration by the company.

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EX-10.31 5 exh10-31.txt AMENDMENT TO EMPLOYMENT AGREEMENT EXHIBIT 10.31 SECOND AMENDMENT TO EMPLOYMENT AGREEMENT DATED MAY 1, 1999, BETWEEN FIRST HEALTH GROUP CORP. AND PATRICK G. DILLS THIS AMENDMENT is entered into this 10th day of January 2002 ("Amendment Effective Date") by and between First Health Group Corp. ("Company") and Patrick G. Dills ("Employee"). WHEREAS, Company and Employee have previously entered into a certain Employment Agreement, dated May 1, 1999 ("Agreement"), amended February 1, 2000; and WHEREAS, Company and Employee desire to amend the Agreement with respect to term and time commitment. NOW, THEREFORE, in consideration of the initial covenants and agreements set forth herein and in the Agreement, the parties agree as follows: 1. Section 2 Term is deleted and replaced with the following: Term. Beginning on the Effective Date of the Agreement, the Initial Term of this Agreement will be through December 31, 2003, and will automatically renew, unless earlier terminated pursuant to Section 6 hereof. 2. Section 4 Time Commitment is amended by the addition of the following phrase to the second sentence of the Section: "; provided, however, that after March 31, 2003, Employee may request a reduction in his time commitment with an appropriate adjustment to compensation, which request will be given reasonable consideration by Company." IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment to the Employment Agreement, in the State of Illinois, as of the date and year first above written. The Company: First Health Group Corp. By: _______________________ Its: President and Chief Executive Officer Employee: ____________________________ Patrick G. Dills