Exhibit 10.10
Execution Version
This CONSULTING AGREEMENT, dated as of July 1, 2016, (this “Agreement”), is entered into by and among CDR Vector Topco, Inc., a Delaware corporation (the “Company”), Primary Provider Management Co., Inc., a California corporation (“Opco”), and Clayton, Dubilier & Rice, LLC, a Delaware limited liability company (“CD&R Manager”).
W I T N E S S E T H:
WHEREAS, CD&R Manager organized the Company in connection with the transactions contemplated by that certain Agreement and Plan of Merger, dated as of May 25, 2016 (as the same may be amended from time to time in accordance with its terms, the “Merger Agreement”), by and among Lineage Investments, Inc., a California corporation, CD&R Vector Parent, Inc., a Delaware corporation, CD&R Vector Merger Sub, Inc., a California corporation, and Adrian Jayasinha and Ann Abraham Azer, solely in their capacity as representatives of sellers;
WHEREAS, CD&R Manager is engaged in the business of providing management services to affiliated private investment funds, including the affiliated investment funds which acquired direct or indirect controlling ownership interests in the Company through the transactions contemplated by the Merger Agreement (the “Merger”);
WHEREAS, CD&R Manager, in conjunction with its role as manager of such affiliated investment funds and in order to support and enhance the operational and financial performance of such funds’ investments, is willing and able to provide certain consulting services to the Company, Opco, their respective subsidiaries and Opco’s affiliated professional corporations (the “Company Group”), as provided herein;
WHEREAS, after the consummation of the Merger, the Company desires that it and other members of the Company Group receive, and CD&R Manager is willing to provide, ongoing strategic and operational consulting services to the Company Group, as CD&R Manager and the Company may agree from time to time, which services include, without limitation, (a) advising and providing assistance to the Company Group in identifying and retaining additional or new legal, accounting, insurance, compensation, investment banking, financial and other advisors and consultants, (b) reviewing and providing recommendations concerning the staffing and employment needs of the Company Group, including possible near-term additions and changes to the management of the Company Group, (c) developing and recommending revised compensation and employee benefit plans for the management and other employees of the Company Group, (d) analyzing the Company’s capital structure and financial and risk management, including proposing possible changes and making recommendations concerning cash management, financial reporting and controls, banking relationships and insurance programs, (e) analyzing and recommending potential adjustments to the Company’s business strategy, (f) evaluating and making suggestions for improving the Company