Amendment to Anne Bailey's March 15, 2023 Offer of Employment with Modivcare
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Summary
This amendment updates Anne Bailey's March 15, 2023 offer of employment with Modivcare. The key change is that, if her employment is terminated by Modivcare without cause or by her for good reason, she will now receive twelve months of severance pay instead of six. All other terms of her original offer remain the same. Anne Bailey must sign and return the amendment to accept the change.
EX-10.1 2 ex101amendmenttobaileyoffe.htm EX-10.1 Document
6900 E Layton Ave | Office ###-###-#### | ||||
Suite 1200 | |||||
Denver, CO 80237 | modivcare.com | ||||
May 6, 2024
VIA Email: Anne.Bailey@Modivcare.com
Re: Amendment to Your March 15, 2023 Offer of Employment
Dear Anne:
During the 2024 Proxy season Modivcare identified an oversight contained in your March 15, 2023 offer of employment. Specifically, page 3, paragraph 1, provides six (6) months severance in the event your employment is terminated by Modivcare without Cause or by you for Good Reason in accordance with the terms and conditions of the Restrictive Covenant Agreement (“RCA”), the Board’s severance policy, and after delivering to Modivcare a unilateral general release in a form acceptable to the Company.
Page 3, paragraph 1, should have stated that you will receive twelve (12) months severance in the event your employment is terminated by Modivcare without Cause or by you for Good Reason. The other terms, conditions, and provisions remain unchanged.
To accept this adjustment, please sign the signature line below, and return to my attention by May 15, 2024. Thank you.
Very Truly Yours,
s/Jennifer Jaskolka
VP, Deputy General Counsel
cc: Enrique Toledo, Chief People Officer
/s/ Anne Bailey_____________________________________ ___5/7/2024______
Anne Bailey Date
RESPECT • TRUST • RELIABLE • COMPASSION • SAFETY • TRANSPARENCY
