Employment Agreement
Jennifer Boone
Position: | Vice President of Network Development |
Term: | February 1, 2007-January 31, 2008 |
Base Salary: | $121,750 |
Primary
Responsibilities: |
| 1. | Develop and refine the company’s provider network |
| 2. | Minimize network attrition |
| 3. | Develop national and regional relationships where appropriate |
| 4. | Assist in the development of client fee schedules |
| 5. | Lead the roll-out and adoption of value added services for the providers |
| 6. | Assist in the development of the new products and services for the company |
| 7. | Lead and develop your staff |
| 8. | Provide a voice on executive committee that provides guardianship of network |
Place of
Employment:
| 1. | Primary office will be at the Corporate Headquarters in Dallas, TX |
| 2. | Travel will be required as needed |
Bonus Eligibility: |
| 1. | up to 25% of Base Salary based on achievement of annual business objectives |
| a. | (50%) Personal Position Defined Objectives as defined by the CEO |
| b. | (50%) Company Financial Objectives |
| 2. | Other potential as defined by the CEO or Board of Directors |
Equity
Participation:
| 1. | Determined annually by the Board of Directors |
| 2. | Vesting schedule of 4 years, monthly for all grants after 2/1/2007 |
| 3. | Full vesting on change of control |
Benefits: |
| 1. | Consistent with the benefits offered all employees |
| 2. | Health Club dues for a personal health club as long as the facility is used at least twice per month |
Vacation: | 4 weeks paid vacation |
Other
Considerations:
1. | Accommodations will be provided to allow flexible hours to minimize the impact of your commute. |
2. | Salary Reviews will be performed annually and increases will be based on performance |
3. | If there is a change of control, |
| a. | all options will immediately vest |
| b. | automatic 90 day severance payment |
| c. | automatic 90 day extension of benefits |
Please indicate your acceptance of this agreement by your signature, and return this letter to me. Thank you.
____________________________________ | _____________________ |
Signature | Date |
David S. Boone
COO/CFO
____________________________________ | _____________________ |
Signature | Date |
Jennifer Boone
Vice President Provider Relations
