Exhibit 10.1
CASH RETENTION AGREEMENT
This CASH RETENTION AGREEMENT (this “Agreement”), is made and entered into as of March 27, 2024, by and between Vita MacIntyre, a resident of the State of North Carolina (the “Employee”), and TruBridge, Inc., a Delaware corporation (“TruBridge”).
WHEREAS, the continued services of the Employee are critical to TruBridge’s business strategy; and
WHEREAS, in order to incentivize the Employee to remain employed by TruBridge for at least eighteen (18) months following the date that the Employee’s employment with TruBridge commences (the “Commencement Date”), TruBridge desires to enter into this Agreement and provide for a cash retention bonus to be paid to the Employee, subject to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the promises and the respective covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree to the following:
1. Definitions. In addition to defined terms included elsewhere in this Agreement, the following capitalized terms when used herein shall have the meaning specified:
(a) “Cause” shall mean the Employee’s: (i) willful failure to perform substantially their duties (other than any such failure resulting from incapacity due to Disability); (ii) commission of, or indictment for, a felony or any crime involving fraud or embezzlement or dishonesty or conviction of, or plea of guilty or nolo contendere to a crime or misdemeanor (other than a traffic violation) punishable by imprisonment under federal, state or local law; (iii) engagement in an act of fraud or other act of willful dishonesty or misconduct, towards TruBridge or any member thereof, or detrimental to TruBridge or any member thereof, or in the performance of the Employee’s duties; (iv) negligence in the performance of employment duties in TruBridge’s reasonable judgment; (v) violation of a federal or state securities law or regulation; (vi) the use of a controlled substance without a prescription or the use of alcohol which, while performing services on behalf of TruBridge or any member thereof, in each case, significantly impairs the Employee’s ability to carry out his duties and responsibilities; (vii) material violation of the policies and procedures of TruBridge or any member of thereof applicable to the Employee; (viii) embezzlement and/or misappropriation of property of TruBridge or any member thereof; or (ix) conduct involving any immoral acts which is reasonably likely to impair the reputation of TruBridge or any member thereof.
(b) “Code” shall mean the Internal Revenue Code of 1986, as amended.
(c) “Disability” shall mean the permanent and total disability of the Employee as determined for purposes of TruBridge’s long-term disability plan in which the Employee participates (or in which the Employee is eligible to participate) at the time the determination is to be made.
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