EX-10.4
from 10-Q
9 pages
Personal and Confidentialwithout Prejudice April 9, 2022 by Email [__] Mr. Roderick O’reilly 4078 West 12 Vancouver Bc V6r 2p3 Dear Rod: as We Discussed on April 8, 2022, Your Employment With Change Healthcare Canada Company (The “Company”) Will Be Terminated Without Cause, Effective April 10, 2022 (“Termination Date”). the Purpose of This Letter Is to Outline the Manner in Which Your Employment Will Come to an End and to Offer to You a Severance Package (Which Is Described Below in Section 6).
12/34/56
EX-10.3
from 10-Q
2 pages
The Compensation Committee of the Board of Directors (The “Compensation Committee”) of Change Healthcare Inc. (The “Company”) Made a Decision to Modify the Vesting Terms of the Performance Stock Units (Psus) You Were Granted in 2019 Under the 2019 Omnibus Incentive Plan. the Performance Stock Units Granted in 2019 Become Earned Based on Achievement of Company Performance Conditions for FY2020 Through FY2022. the Following Information Summarizes the Changes Made by the Compensation Committee to the Psus Granted in 2019: Performance Stock Units (Psus) as You Know, the Psus Granted in 2019 Are Subject to the Performance Conditions Set Forth in the Psu Grant Notice for the Award. the Complete Performance Conditions Are Available for Your Review in Your E*trade Stock Plan Account. the Performance Conditions for the Psus Include the Two Psu Performance Conditions, Below: · 60% of Total Psus Granted (Tranche I) Were Based on Cagr (Revenue) · 40% of Total Psus Granted (Tranche II) Were Based on Cagr (Adjusted EBITDA) the Original Vesting Schedule for the Psus Provides That They Will Become Earned (“Earned Psus”) Based on Achievement of the Performance Conditions With Respect to the Performance Period, in Each Case, as Set Forth Below: Performance Period: April 1, 2019 to March 31, 2022 Performance Condition: the Number of Psus in Each of the Performance Conditions That Become Earned Psus Shall Be Based on the Achievement of the Performance Conditions Set Forth in the Psu Grant Notice. on June 1, 2022, the Compensation Committee Certified Both Performance Conditions at Target Performance, Resulting in 100% of the Total Psus Granted Being Earned Psus. in Addition, the Compensation Committee Determined That the Earned Psus Will Become Vested on the Third Anniversary of the Vesting Commencement Date (The “Vesting Date”), Rather Than the Fourth Anniversary of the Vesting Commencement
12/34/56
