Attached files
Exhibit 10.13
26220 Enterprise Court
Lake Forest, California 92630
Tel 949.639.2000
December 20, 2019
Ms. Debra Morris
Re: Your Apria Healthcare Group Inc. (AHG) Restricted Stock Unit (RSU) grant pursuant to letter dated July 24, 2018 (Grant Letter) |
Dear Debby:
The purpose of this letter is to evidence our agreement to adjust the terms of your Grant Letter to compensate for the effect the $75 Million dividend distribution declared by the Apria Healthcare Group Inc. (the Company) Board of Directors on June 19, 2018 and subsequently paid. Accordingly, the first sentence of the second paragraph of the Grant Letter is hereby amended and restated in full as follows:
You will be granted a number of restricted stock units (the RSUs) equal to 0.4% of the amount by which the equity value of the Company exceeds $164.142 million, as measured on the earlier to occur of (i) pricing of an initial public offering of common stock of the Company (or an affiliate) (an IPO) or (ii) immediately prior to the closing of a Change of Control (as defined in the Companys 2015 Stock Plan) (as applicable, the Transaction).
Kindly return a signed copy of this letter agreement to the undersigned by December 31, 2019, at which time this amendment to the Grant Letter shall become a binding agreement between you and the Company, enforceable in accordance with its terms. This letter agreement may be executed in several counterparts, each of which shall be deemed an original but which together shall constitute one and the same instrument. Thank you for all your hard work and dedication!
Very truly yours, |
/s/ Daniel J. Starck |
Daniel J. Starck |
Chief Executive Officer |
Agreed to and Accepted:
/s/ Debby Morris |
Debby Morris |