Seventh Amendment to Profit Sharing Plan of Priority Healthcare Corporation and Affiliates

Summary

Priority Healthcare Corporation has amended its Profit Sharing Plan to recognize prior service at Hemophilia of the Sunshine State, Inc. and Sunshine Wholesale, Inc. for eligibility and vesting purposes. This means former employees of these acquired companies will have their previous years of service counted toward qualifying for and becoming vested in the plan. The amendment is effective as of March 11, 2002. All other plan provisions remain unchanged.

EX-10.Q 7 dex10q.txt PROFIT SHARING PLAN EXHIBIT 10-Q(vii) SEVENTH AMENDMENT TO THE PROFIT SHARING PLAN OF PRIORITY HEALTHCARE CORPORATION AND AFFILIATES WHEREAS, the Company sponsors the Profit Sharing Plan of Priority Healthcare Corporation and Affiliates ("Plan"), originally effective January 1, 1999, in the form of PRISM(R) Prototype Retirement Plan and Trust as provided by the Trustee; and WHEREAS, the Company has acquired the assets of Hemophilia of the Sunshine State, Incorporated and Sunshine Wholesale, Incorporated, effective March 11, 2002 and desires to amend the Plan to grant prior service credit for eligibility and vesting purposes to former employees of Hemophilia of the Sunshine State, Incorporated and Sunshine Wholesale, Incorporated; and WHEREAS, the Company desires this change to be effective as of March 11, 2002. NOW THEREFORE, BE IT HEREBY RESOLVED that effective March 11, 2002, the Company amends Items B.A.j.(v) and (vi) of the Adoption Agreement to read to follows: b. BASIC PLAN PROVISIONS 4. Definitions: j. Year of Services shall mean: v. X For eligibility purposes, Years of Service with the following Predecessor Employers shall count in fulfilling the eligibility requirements for this plan; Hemophilia of the Sunshine State, Incorporated and Sunshine Wholesale, Incorporated. vi. X For vesting purposes, Years of Service with the following Predecessor Employers shall count in fulfilling the vesting requirements for this Plan: Hemophilia of the Sunshine State, Incorporated and Sunshine Wholesale, Incorporated. AND BE IT FURTHER RESOLVED, that except as amended herein, all other provisions of the Profit Sharing Plan of Priority Healthcare Corporation and Affiliates shall remain effective as set forth in the Adoption Agreement. Plan Sponsor: Priority Healthcare Corporation By: /s/ Barbara J. Luttrell Dated: 3-11-2002 -------------------------------- ---------------- Trustee: KeyBank National Association By: /s/ George M. Newsham Dated: March 20, 2002 ---------------------- ----------------