1
Exhibit 10(v)
conformed
AMENDMENT NUMBER 1 TO EMPLOYMENT AGREEMENT
This Amendment Number 1 to Employment Agreement (the "Amendment") amends
that certain Employment Agreement by and between Oxford Health Plans, Inc. (the
"Company") and Xxxxxx X. Xxxxxx, M.D. ("Executive"), effective as of February
23, 1998 (the "Agreement"). Capitalized terms used but not defined herein shall
have the meanings ascribed thereto in the Agreement.
The Company and the Executive, pursuant to, and in accordance with,
Section 13 of the Agreement, hereby agree to amend the Agreement by replacing
the second sentence of Section 4(b)(i) in its entirety with the following
sentence:
"As promptly as practicable, and in any event no later than April 15,
1999, the Company shall, at its expense, cause all shares subject to the
Option to be registered under the Securities Act of 1933, as amended (the
"Securities Act"), and registered or qualified under applicable state
laws, to be freely resold."
This Amendment may be executed in any number of counterparts and by the
different parties hereto on separate counterparts, each of which when so
executed and delivered shall be an original, but all of which constitute one and
the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Amendment this
9th day of December, 1998.
OXFORD HEALTH PLANS, INC.
By: /s/ XXXXXXX X. XXXX
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Xxxxxxx X. Xxxx, Executive Vice
President and General Counsel
/s/ XXXXXX X. XXXXXX, M.D.
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Xxxxxx X. Xxxxxx, M.D.
