UNIVERSAL HEALTH SERVICES, INC. SUPPLEMENTAL LIFE INSURANCE PLAN AND AGREEMENTInsurance Plan and Agreement • December 10th, 2010 • Universal Health Services Inc • Services-general medical & surgical hospitals, nec • Pennsylvania
THIS SUPPLEMENTAL LIFE INSURANCE PLAN AND AGREEMENT (the “Plan”), is made and entered into effective December 9, 2010, by and between Universal Health Services, Inc., a Delaware corporation (the “Company”), and Anthony Pantaleoni (the “Trustee”), as Trustee of the Alan B. Miller 2002 Trust (the “Trust”), which has been irrevocably designated by the insured executive, Alan B. Miller (the “Executive”) as the recipient of all benefits provided by the Company under the Plan on behalf of the Executive. The Plan is intended to constitute a “non-equity endorsement split dollar arrangement” under the Internal Revenue Code of 1986, as amended (the “Code”) and a “welfare benefit plan” under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and shall be interpreted accordingly.
UNIVERSAL HEALTH SERVICES, INC. SUPPLEMENTAL LIFE INSURANCE PLAN AND AGREEMENTSupplemental Life Insurance Plan and Agreement • December 10th, 2010 • Universal Health Services Inc • Services-general medical & surgical hospitals, nec • Pennsylvania
THIS SUPPLEMENTAL LIFE INSURANCE PLAN AND AGREEMENT (the “Plan”), is made and entered into effective December 9, 2010, by and between Universal Health Services, Inc., a Delaware corporation (the “Company”), and Anthony Pantaleoni (the “Trustee”), as Trustee of the Alan B. Miller 1998 Dual Life Insurance Trust (the “Trust”), which has been irrevocably designated by the insured executive, Alan B. Miller (the “Executive”) as the recipient of all benefits provided by the Company under the Plan on behalf of the Executive. The Plan is intended to constitute a “non-equity endorsement split dollar arrangement” under the Internal Revenue Code of 1986, as amended (the “Code”) and a “welfare benefit plan” under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and shall be interpreted accordingly.
UNIVERSAL HEALTH SERVICES, INC. TERMINATION, ASSIGNMENT AND RELEASE AGREEMENTAssignment and Release Agreement • December 10th, 2010 • Universal Health Services Inc • Services-general medical & surgical hospitals, nec
WHEREAS, Universal Health Services, Inc., a Delaware corporation (the “Company”), and Anthony Pantaleoni (the “Trustee”) as Trustee of the Alan B. Miller 1998 Dual Life Insurance Trust (the “Trust”) irrevocably designated by the insured executive Alan B. Miller (the “Executive”) have entered into that certain Split Dollar Life Insurance Agreement (the “Split Dollar Agreement”) and Split Dollar Collateral Assignment (the “Collateral Assignment”) each effective as of October 8, 1998 and attached hereto as Exhibit A which together establish a “split-dollar” life insurance arrangement between the Company and the Trust;
UNIVERSAL HEALTH SERVICES, INC. TERMINATION, ASSIGNMENT AND RELEASE AGREEMENT BAssignment and Release Agreement • December 10th, 2010 • Universal Health Services Inc • Services-general medical & surgical hospitals, nec
WHEREAS, Universal Health Services, Inc., a Delaware corporation (the “Company”), and Anthony Pantaleoni (the “Trustee”) as Trustee of the Alan B. Miller 2002 Trust (the “Trust”) irrevocably designated by the insured executive Alan B. Miller (the “Executive”) have entered into two Split Dollar Life Insurance Agreements (together the “Split Dollar Agreements”) and Split Dollar Collateral Assignments (the “Collateral Assignments”) each effective as of January 25, 2002 and attached hereto as Exhibit A which together establish a “split-dollar” life insurance arrangement between the Company and the Trust;
