First Amendment to Laboratory Corporation of America Holdings Master Senior Executive Change in Control Severance Plan

Summary

This amendment, effective January 1, 2010, modifies the Laboratory Corporation of America Holdings Master Senior Executive Change in Control Severance Plan. It states that only employees who were participants in the plan before December 31, 2009, are eligible for a Gross-Up Payment. Employees joining the plan on or after January 1, 2010, will not receive this benefit. The amendment was authorized by the company's Board of Directors and executed by a senior company officer.

EX-10.1 2 ex10_1.htm EXHIBIT 10.1 ex10_1.htm

Exhibit 10.1

FIRST AMENDMENT TO THE

LABORATORY CORPORATION OF AMERICA HOLDINGS

MASTER SENIOR EXECUTIVE CHANGE IN CONTROL SEVERANCE PLAN

Pursuant to resolutions adopted by the Board of Directors of Laboratory Corporation of America Holdings (the “Company”) in December 2009, Laboratory Corporation of America Holdings Master Senior Executive Change In Control Severance Plan (“Plan”) is hereby amended, effective January 1, 2010, as follows:

1.	Effective January 1, 2010, Section 5.2 of the Plan shall be amended by adding as the first two sentences to that Section the following:

	This section shall apply only to Covered Employees who have been participants in the Plan on or before December 31, 2009. Covered Employees who become participants on or after January 1, 2010 shall not be entitled to a Gross-Up Payment as defined within this Section.

IN WITNESS WHEREOF, the Company has caused this First Amendment to the Plan to be executed as of the date first written above.

	LABORATORY CORPORATION OF
	AMERICA HOLDINGS

	By: /S/ F. SAMUEL EBERTS III
	F. Samuel Eberts III
	Title: Senior Vice President and Chief Legal
	Officer