{"id":38212,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/1994-directors-stock-option-plan-tenet-healthcare-corp.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"1994-directors-stock-option-plan-tenet-healthcare-corp","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/1994-directors-stock-option-plan-tenet-healthcare-corp.html","title":{"rendered":"1994 Directors Stock Option Plan &#8211; Tenet Healthcare Corp."},"content":{"rendered":"<pre>                               SECOND AMENDMENT TO\n                        1994 DIRECTORS STOCK OPTION PLAN\n\n         This Second Amendment (the \"Amendment\") to the Tenet Healthcare\nCorporation (the \"Company\") 1994 Directors Stock Option Plan is made and dated\nas of October 15, 1999. All capitalized terms used but not otherwise defined in\nthis Amendment shall have the meanings given to such terms in the 1994 Directors\nStock Option Plan, as the same may be amended and\/or restated from time to time\n(the \"Plan\")\n\n                                    RECITALS\n\nA.       The Plan was approved by the Board in 1994.\n\nB.       The Committee recommended to the Board that the Board approve of this\n         Amendment.\n\nC.       The Board of Directors has approved of this Amendment.\n\n         NOW, THEREFORE, in consideration of the foregoing Recitals, the Plan\nhereby is amended as follows:\n\n1.       DEFINITIONS. Section 2 paragraph (d) of the Plan, Definitions, hereby\nis amended to read in its entirety as follows: \"(d) \"Company\" means Tenet\nHealthcare Corporation, a Nevada corporation, formerly known as National Medical\nEnterprises, Inc.\"\n\n2.       ELIGIBILITY. Section 5 of the Plan hereby is amended to read in its\nentirety as follows:\n\n         5.       ELIGIBILITY. Only non-employee Directors shall be eligible to\n         participate in the Plan. Prior to the termination of the Plan, each\n         Director who is serving in such capacity on the Date of Grant (as\n         hereinafter defined) automatically shall be granted, on the last\n         Thursday of October of each year (except the October 1999 grant, which\n         shall be made on October 15, 1999 rather than October 28, 1999), an\n         Option to acquire the greater of (x) 10,000 shares of Common Stock and\n         (y) the number of shares of Common Stock determined by dividing (i) the\n         product of four times the then-existing annual retainer fee, by (ii)\n         the closing price of the Common Stock on the New York Stock Exchange on\n         the \"Date of Grant.\" Upon initial election to the Board, each Director\n         automatically shall be granted, on the last Thursday of the month of\n         such Director's election to the Board, an Option to acquire two times\n         the greater of (x) 10,000 shares of Common Stock and (y) the number of\n         shares of Common Stock determined by dividing (i) the product of four\n         times the then-existing annual retainer fee, by (ii) the closing price\n         of the Common Stock on the New York Stock Exchange on the \"Date of\n         Grant.\"\n\n\n\n\n                                       -2-\n\n\n         Initial election to the Board shall mean election to the Board by the\n         Board or by the Shareholders of the Company, whichever first occurs.\n         The date on which an Option is granted shall be the \"Date of Grant\"\n         with respect to such Option. Each Option will be evidenced by a written\n         instrument including terms and conditions consistent with the Plan, as\n         the Committee may determine.\n\n3.       TERMS AND CONDITIONS OF STOCK OPTIONS.\n\n         (a)      Section 6 paragraph (b) of the Plan hereby is amended to read\nin its entirety as follows:\n\n         (b)The Committee shall have the discretion to set the vesting terms for\n         all Options granted under the Plan, including the discretion to grant\n         Options that vest immediately upon being granted. Upon vesting, an\n         Option may be exercised with respect to all shares of Common Stock\n         covered thereby during its term provided hereunder.\n\n         (b)      Section 6 paragraph (c)(ii) hereby is amended by changing the\nlast word of the paragraph from \"termination\" to \"retirement\".\n\n4.       EFFECTIVE DATE OF PLAN AND DURATION OF PLAN.\n\n         This amended Plan is effective as of October 15, 1999. Unless the Plan\nis previously terminated, the Plan will terminate on January 26, 2004, except\nwith respect to Options then outstanding.\n\n5.       FULL FORCE AND EFFECT.\n\n         Except as expressly amended by the terms of this Amendment, the Plan as\nin existence prior to the effectiveness of this Amendment shall remain in full\nforce and effect.\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[9030],"corporate_contracts_industries":[9435],"corporate_contracts_types":[9539,9543],"class_list":["post-38212","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-tenet-healthcare-corp","corporate_contracts_industries-health__hospitals","corporate_contracts_types-compensation","corporate_contracts_types-compensation__dsp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38212"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38212"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38212"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}