<SEC-DOCUMENT>0001193125-11-217054.txt : 20110810
<SEC-HEADER>0001193125-11-217054.hdr.sgml : 20110810
<ACCEPTANCE-DATETIME>20110809215056
ACCESSION NUMBER:		0001193125-11-217054
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110807
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110810
DATE AS OF CHANGE:		20110809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEDNAX, INC.
		CENTRAL INDEX KEY:			0000893949
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HOSPITALS [8060]
		IRS NUMBER:				650271219
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12111
		FILM NUMBER:		111022456

	BUSINESS ADDRESS:	
		STREET 1:		1301 CONCORD TERRACE
		CITY:			SUNRISE
		STATE:			FL
		ZIP:			33323
		BUSINESS PHONE:		9543840175

	MAIL ADDRESS:	
		STREET 1:		1301 CONCORD TERRACE
		CITY:			SUNRISE
		STATE:			FL
		ZIP:			33323

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PEDIATRIX MEDICAL GROUP INC
		DATE OF NAME CHANGE:	19950801
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 8-K
</B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Date of Report (date of earliest event reported): August&nbsp;7, 2011 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>MEDNAX, INC. </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact Name of Registrant as Specified in Its Charter) </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Florida</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>001-12111</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>26-3667538</B></FONT></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State or Other Jurisdiction</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>of Incorporation)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Commission File Number)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(IRS Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Identification No.)</B></FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1301 Concord Terrace </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Sunrise, Florida 33323 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive office)
</B></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Registrant&#146;s telephone number, including area code (954)&nbsp;384-0175 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;5.02</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
</B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">On August&nbsp;7, 2011, Mednax, Inc. (the &#147;Company&#148;), through a wholly owned subsidiary, entered
into an Employment Agreement (the &#147;Employment Agreement&#148;) with Roger J. Medel, M.D., its Chief Executive Officer (&#147;CEO&#148; or &#147;Dr. Medel&#148;). The Employment Agreement has a seven year term and replaces a five year employment
agreement entered into with the CEO in 2008 (the &#147;2008 Agreement&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Employment Agreement was approved by the
Compensation Committee of the Company&#146;s Board of Directors (the &#147;Compensation Committee&#148;) based upon, among other things, updated market data provided by the Compensation Committee&#146;s independent compensation consultants.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the Employment Agreement, Dr.&nbsp;Medel will receive an annual base salary of $1,000,000, an increase of $50,000
from his base salary under the 2008 Agreement, subject to annual review by the Compensation Committee. In addition, Dr.&nbsp;Medel is eligible to receive an annual performance bonus in accordance with Compensation Committee approved incentive
programs, upon the fulfillment of reasonable performance objectives set by the Compensation Committee, with a targeted bonus of at least 150% of his base salary, and a maximum bonus of 300% of his base salary, in both cases, consistent with the 2008
Agreement. The Compensation Committee may adjust the target and maximum bonus at its discretion during the term of the Employment Agreement, but not below the levels set forth above. The Employment Agreement also provides for participation in other
fringe benefit plans and the Company&#146;s incentive compensation plans, as determined by the Compensation Committee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Upon
the termination of Dr.&nbsp;Medel&#146;s employment for certain specified reasons, the Employment Agreement provides for severance payments of up to 24 months of base salary plus, in certain instances, on the first and second anniversaries of
termination, the payment of an amount equal to the greater of (x)&nbsp;his most recent performance bonus paid prior to such termination date or (y)&nbsp;the product of (i)&nbsp;the average of his earned performance bonus (expressed as a percentage
of his base salary) for the previous three years preceding his termination multiplied by (ii)&nbsp;his base salary at time of termination. With respect to the fiscal year in which termination occurs for certain specified reasons, Dr.&nbsp;Medel will
also receive a pro rata portion of the bonus that he would have received had there been no termination. Also, certain fringe benefits may be continued for specified periods. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Upon the termination of Dr.&nbsp;Medel&#146;s employment by him for &#147;Good Reason&#148; (as defined) or by the Company without &#147;Cause&#148; (as defined) within 24 months following a Change in
Control (as defined), the Employment Agreement provides for severance payments of 36 months of base salary plus a lump sum payment equal to three times the greater of (x)&nbsp;his most recent performance bonus paid prior to such termination date or
(y)&nbsp;the product of (i)&nbsp;the average of his earned performance bonus (expressed as a percentage of his base salary) for the previous three years preceding his termination multiplied by (ii)&nbsp;his base salary at time of termination.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition, depending on the basis for the executive&#146;s termination and consistent with the benefits provided to
Dr.&nbsp;Medel under the 2008 Agreement, all stock options, stock appreciation rights and restricted stock granted to Dr.&nbsp;Medel prior to such termination (excluding restricted share units (&#147;RSUs&#148;) granted pursuant to restricted shares
units agreements entered into with Dr.&nbsp;Medel on August&nbsp;20, 2008 and August&nbsp;7, 2011) will continue to vest until fully vested and will vest automatically upon a Change in Control. The Employment Agreement further provides that, if any
amount payable to Dr.&nbsp;Medel in connection with a Change in Control would be subject to certain excise taxes under the Internal Revenue Code applicable in connection with a change in control, then the Company will reduce the payment to an amount
equal to the largest portion of such payment that would result in no portion of such payment being subject to excise tax (unless such reduction would result in Dr.&nbsp;Medel receiving, on an after tax basis, an amount lower than the unreduced
payment after taking into account all applicable federal, state and local employment taxes, income taxes and excise taxes, in which case the payment amount would not be reduced). In contrast, the 2008 Agreement provided that the Company would
reimburse Dr.&nbsp;Medel for any such excise tax imposed on him under the Internal Revenue Code as a result of the benefits payable to him in connection with a Change in Control. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Employment Agreement provides for customary protections of the Company&#146;s
confidential information and intellectual property and that Dr.&nbsp;Medel may not, during his employment term and following his termination for a period of 12 to 24 months (depending on the basis for termination), compete with the Company, hire
away from or solicit to leave the Company its employees and independent contractors, or interfere in the Company&#146;s relationships with its hospitals, other healthcare facilities, vendors, clients and other third parties. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Under the Employment Agreement, Dr.&nbsp;Medel is also provided with the use, for personal travel, of any aircraft owned or leased by the
Company or in which the Company owns a fractional interest, subject to certain limitations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In connection with execution of
the Employment Agreement, Dr.&nbsp;Medel also received a grant of 87,160 RSUs pursuant to the Company&#146;s 2008 Incentive Compensation Plan in recognition of his agreement to extend his employment with the Company for an additional five years. The
RSUs will vest as follows if the following performance thresholds are satisfied during the period from October&nbsp;1, 2011 to December&nbsp;31, 2018: (a)&nbsp;25% of the RSUs will vest upon the Compensation Committee&#146;s certification that the
Company&#146;s income from operations for four consecutive fiscal quarters equals or exceeds $390,000,000; (b)&nbsp;50% of the RSUs (inclusive of any RSUs that have or would have vested pursuant to clause (a)&nbsp;above) will vest upon the
Compensation Committee&#146;s certification that the Company&#146;s income from operations for four consecutive fiscal quarters equals or exceeds $430,000,000; (c)&nbsp;75% of the RSUs (inclusive of any RSUs that have or would have vested pursuant
to clauses (a)&nbsp;and (b)&nbsp;above) will vest upon the Compensation Committee&#146;s certification that the Company&#146;s income from operations for four consecutive fiscal quarters equals or exceeds $475,000,000; and (d)&nbsp;100% of the RSUs
(inclusive of any RSUs that have or would have vested pursuant to clauses (a), (b)&nbsp;and (c)&nbsp;above) will vest upon the Compensation Committee&#146;s certification that the Company&#146;s income from operations for four consecutive fiscal
quarters equals or exceeds $525,000,000. The RSUs will continue to vest in accordance with their terms if Dr.&nbsp;Medel&#146;s employment is terminated by him for Good Reason or if Dr.&nbsp;Medel&#146;s employment is terminated due to disability,
death, poor health or without Cause. If Dr.&nbsp;Medel&#146;s employment is terminated by the Company without Cause or by Dr.&nbsp;Medel for Good Reason, in each case within 24 months following a Change in Control, then the RSUs will automatically
vest in full upon the date such termination is effective. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The foregoing description of the Employment Agreement is qualified
in its entirety by reference to the terms of the Employment Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference. The foregoing description of the RSU grant is qualified in
its entirety by reference to the terms of the Restricted Shares Units Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.2 and incorporated herein by reference. </FONT></P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;9.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Financial Statements and Exhibits </B></FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(d)</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibits. </B></FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:39pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Exhibit&nbsp;No.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Description</B></FONT></P></TD></TR>


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<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">10.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employment Agreement, dated August 7, 2011, by and between Mednax Services, Inc. and Roger J. Medel, M.D.</FONT></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">10.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Restricted Shares Units Agreement for Roger J. Medel, M.D., dated August 7, 2011.</FONT></TD></TR>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>MEDNAX, INC.</B></FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date:&nbsp;August 10, 2011</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Vivian Lopez-Blanco</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vivian Lopez-Blanco</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief Financial Officer</FONT></TD></TR>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>dex101.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT
<TEXT>
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<TITLE>Employment Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 10.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>EMPLOYMENT AGREEMENT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>THIS EMPLOYMENT AGREEMENT</B> (this
&#147;Agreement&#148;) is made and entered into by and between <B>MEDNAX SERVICES, INC.</B>, a Florida corporation (&#147;Employer&#148;), and <B>ROGER J. MEDEL, M.D.</B> (&#147;Employee&#148;) effective as of the 7th day of August, 2011 (the
&#147;Effective Date&#148;). </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>RECITALS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, Employer is presently engaged in &#147;Employer&#146;s Business&#148; as defined on Exhibit A hereto; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, Employee is a founder of Employer and currently serves as Chief Executive Officer of Employer pursuant to an Employment Agreement effective as of August&nbsp;20, 2008 (the &#147;Prior
Employment Agreement&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, Employer and Employee desire to replace the Prior Employment Agreement with this
Agreement effective as stated above and set forth herein the terms and conditions of Employee&#146;s employment with Employer following termination of the Prior Employment Agreement; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, in order to induce Employee to enter into this Agreement on the terms and conditions set forth herein (including an
increase in compensation over what was provided under the Prior Employment Agreement), and not disclose its trade secrets and Confidential Information in connection with Employee&#146;s employment by Employer and provide incentive compensation
during the term of this Agreement, Employee hereby agrees to be bound by the terms of this Agreement, including the arbitration, non-competition and related restrictive covenants set forth herein. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>NOW, THEREFORE</B>, in consideration of the premises and mutual covenants set forth
herein, the parties agree as follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1. Employment. </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.1. <I>Employment and Term</I>. Employer hereby agrees to employ Employee and Employee hereby agrees to serve Employer on
the terms and conditions set forth herein for a &#147;Term&#148; that commences on the Effective Date and continues for a period of seven (7)&nbsp;years through August&nbsp;7, 2018, unless sooner terminated in accordance with the provisions of
Section&nbsp;4. In this Agreement, the term &#147;Employment Period&#148; shall refer to the period of time beginning on the Effective Date and ending on the earlier of the expiration of the Term or such earlier date as the employment of Employee is
terminated pursuant to the provisions of Section&nbsp;4 of this Agreement. Employer and Employee agree that the Prior Employment Agreement shall terminate and be of no further force and effect as of the Effective Date. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.2. <I>Duties of Employee</I>. During the Employment Period, Employee shall serve as Chief Executive Officer of Employer
and of Mednax, Inc., a Florida corporation and parent corporation of Employer (&#147;Mednax&#148;), and perform such duties as are customary to the positions Employee holds or as may be reasonably assigned to Employee during the term of this
Agreement by the Board of Directors of Mednax (&#147;Employee&#146;s Supervisor&#148; or the &#147;Mednax Board&#148;) <I>provided, </I>that such duties as assigned shall be customary to Employee&#146;s role as an executive officer of Employer and
Mednax. Employee&#146;s employment shall be full-time and as such Employee agrees to devote substantially all of Employee&#146;s </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
attention and professional time to the business and affairs of Employer and Mednax. During the Employment Period, Employer shall promote the proficiency of Employee by, among other things,
providing Employee with Confidential Information, specialized professional development programs, and information regarding the organization, administration and operation of Employer and Mednax. During the Employment Period, Employee agrees that
Employee will not, without the prior written consent of Mednax (which consent shall not be unreasonably withheld), serve as a director on a corporate board of directors or in any other similar capacity for any institution other than Mednax. Employee
may continue to serve as a director on any corporate board of directors on which he serves as of the Effective Date, and he may continue to serve in any other similar capacity in which he serves as of the Effective Date for any institution. During
the Employment Period, it shall not be a violation of this Agreement to (i)&nbsp;serve on other civic or charitable boards or committees, or (ii)&nbsp;deliver lectures, fulfill speaking engagements or teach at educational institutions, so long as
such activities do not interfere with the performance of Employee&#146;s responsibilities as an employee of Employer and Mednax in accordance with this Agreement, including the restrictions of Section&nbsp;8 hereof. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.3. <I>Place </I>of<I> Performance</I>. Employee shall be based at Employer&#146;s offices located in Sunrise, Florida,
except for required travel relating to Employer&#146;s Business. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>2. Base Salary and Performance Bonus.
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">2.1. <I>Base Salary</I>. Employee shall be paid an annual base salary of $1,000,000.00 (the &#147;Base
Salary&#148;) beginning August&nbsp;7, 2011 and continuing during the Employment Period, payable in installments consistent with Employer&#146;s customary payroll schedule and subject to applicable withholding for taxes and Employee directed
withholdings. The Compensation Committee of the </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Mednax Board (the &#147;Compensation Committee&#148;) shall review the amount of Employee&#146;s Base Salary on an annual basis no later than ninety (90)&nbsp;days after the beginning of
Employer&#146;s fiscal year. During the term of the Agreement, the Compensation Committee may approve increases to Employee&#146;s Base Salary, which will then become the Base Salary for purposes of this Agreement. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">2.2. <I>Performance Bonus</I>. During the Employment Period, Employee shall be eligible for an annual bonus (the
&#147;Performance Bonus&#148;) in accordance with incentive programs approved or revised during the term of this Agreement by the Compensation Committee, which programs shall contemplate a target bonus payment of at least One Hundred Fifty Percent
(150%)&nbsp;up to a maximum bonus opportunity of Three Hundred Percent (300%)&nbsp;of Employee&#146;s Base Salary upon the fulfillment of reasonable performance objectives set by the Compensation Committee. The Compensation Committee may adjust the
target and maximum bonus at its discretion during the term of this Agreement but not below the levels set forth in the preceding sentence. Each Performance Bonus shall be paid in the calendar year immediately following the calendar year in which it
is earned as soon as practicable after the audited financial statements for Employer for the year for which the bonus is earned have been released; provided, however, that if calculation of Employee&#146;s Performance Bonus within such time is not
administratively practicable due to events beyond the control of Employer, then Employer may delay payment of the Performance Bonus provided that the payment is made during the first taxable year of Employee in which the calculation of the amount of
the payment is administratively practicable. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>3. Benefits. </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.1. <I>Expense Reimbursement</I>. Employer shall promptly reimburse Employee for all out-of-pocket expenses reasonably
incurred by Employee during the Employment Period on behalf of or in connection with Employer&#146;s </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Business pursuant to the reimbursement standards and guidelines of Employer in effect or changed during the term of this Agreement. Employee shall account for such expenses and submit reasonable
supporting documentation to Employer in accordance with Employer&#146;s policies in effect during the term of this Agreement. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">3.2. <I>Employee Benefits</I>. During the Employment Period, Employee shall be entitled to participate in such health, welfare, disability, stock purchase, retirement savings and other fringe benefit
plans and programs as may be established and maintained by Employer, including any changes to such benefits, to the extent that such plans and programs are applicable to other similarly situated employees of Employer and subject to the provisions of
such plans and programs. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.3. <I>Leave Time</I>. During the Employment Period, Employer shall allow Employee
thirty eight (38)&nbsp;days of paid time off each year for vacation, illness, injury, personal days or other similar purposes in accordance with Employer&#146;s policies in effect or revised during the term of this Agreement (prorated for periods of
less than a calendar year). Any paid time off not used during each calendar year may be carried over into the next year to the extent permitted by Employer&#146;s policies in effect or revised during the term of this Agreement. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%;padding-bottom:0px;"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.4. <I>Incentive Compensation Plan</I>. During the Employment Period, Employee shall be eligible to
participate in Mednax&#146;s incentive compensation plans that provide for the issuance of stock options, restricted stock and other awards to its employees. Employee&#146;s stock based award each year shall be determined by the Compensation
Committee based on Employee&#146;s performance and Mednax&#146;s performance during the immediately preceding year and shall be consistent with the Compensation Committee&#146;s determination of Employee&#146;s stock based award in prior years. The
terms of any award to Employee and Employee&#146;s rights and interest in any such award shall be controlled by this </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Agreement, the award agreement and appropriate incentive compensation plans. Employee acknowledges that this Section&nbsp;3 is sufficient consideration for Employee to enter into this agreement,
including the restrictive covenants set forth in Section&nbsp;8 below. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.5. <I>Personal Use of Corporate
Aircraft.</I> Corporate aircraft, whether outright or leased by Mednax (including any subsidiary of Mednax), jointly with another person or entity, or by fractional interest, may be used by Employee during the Employment Period for personal matters;
<I>provided, however, </I>(i)&nbsp;the aircraft is not being used, nor during the period Employee has requested use for personal matters will it be needed for use, by Employer for business-related matters, as Employer shall have priority over
Employee&#146;s personal use; and (ii)&nbsp;Employee&#146;s personal use of the aircraft does not exceed a total of ninety-five (95)&nbsp;hours of flight in any calendar year without the advance approval of the Compensation Committee. Such personal
use of the aircraft by Employee shall be treated as imputed income to Employee in accordance with rules and regulations of the Internal Revenue Code of 1986, as amended. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.6. <I>Legal Fees</I>. Employer shall reimburse Employee for the reasonable legal fees and expenses incurred by Employee
in connection with the review and negotiation of this Agreement and the related Restricted Shares Units Agreement. Employer shall also reimburse Employee for all reasonable legal fees and expenses that Employee may incur in connection with
performance of his duties during the Term of this Agreement. All reimbursements described in this paragraph shall be made promptly after demand is made by Employee and Employee&#146;s provision to the Employer of reasonably satisfactory evidence of
such fees and expenses, but no later than the last day of the calendar year following the calendar year in which Employee incurs such fees and expenses. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">6 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>4. Termination. </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.1. <I>Termination for Cause</I>. Employer may terminate Employee&#146;s employment under this Agreement for Cause. As
used in this Agreement, the term &#147;Cause&#148; shall mean the occurrence of any of (i)&nbsp;Employee&#146;s engagement in (A)&nbsp;willful misconduct resulting in material harm to Mednax. or Employer, or (B)&nbsp;gross negligence;
(ii)&nbsp;Employee&#146;s conviction of, or pleading nolo contendere to, a felony or any other crime involving fraud, financial misconduct, or misappropriation of Employer&#146;s assets; (iii)&nbsp;Employee&#146;s willful and continual failure,
after written notice from Employee&#146;s Supervisor to (A)&nbsp;perform substantially his employment duties consistent with his position and authority, or (B)&nbsp;follow, consistent with Employee&#146;s position, duties, and authorities, the
reasonable lawful mandates of Employee&#146;s Supervisor; or (iv)&nbsp;Employee&#146;s breach of Section&nbsp;8 of this Agreement. No act or omission shall be deemed willful or grossly negligent for purposes of this definition if taken or omitted to
be taken by Employee in a good faith belief that such act or omission to act was in the best interests of the Employer or Mednax or if done at the express direction of the Mednax Board<B>. </B>The termination date for a termination of
Employee&#146;s employment under this Agreement pursuant to this Section&nbsp;4.1 shall be the date specified by Employer in a written notice to Employee of finding of Cause, which may not be retroactive. Upon termination of Employee&#146;s
employment under this Agreement pursuant to Section&nbsp;4.1, Employee shall be entitled to compensation in accordance with and subject to, the provisions of Section&nbsp;5.1 hereof. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.2. <I>Disability</I>. Upon the Disability (as defined below) of Employee, Employee shall be entitled to compensation
and/or benefits in accordance with, and subject to, the provisions of Section&nbsp;5.2 hereof. In addition, Employee&#146;s employment under this Agreement shall terminate automatically upon the Disability of Employee. Notwithstanding the automatic
termination of Employee&#146;s employment under the preceding sentence, benefits under this Section&nbsp;4.2 shall be based on Employee&#146;s Disability, and not on Employee&#146;s </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">7 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
termination, and Employee shall not be entitled to any termination benefits under this Agreement. Subject to the requirements of applicable law, Employee shall be deemed to have a
&#147;Disability&#148; for purposes of this Agreement in the event that Employee (i)&nbsp;is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result
in death or can be expected to last for a continuous period of not less than twelve (12)&nbsp;months, or (ii)&nbsp;is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected
to last for a continuous period of not less than twelve (12)&nbsp;months, receiving income replacement benefits for a period of not less than three (3)&nbsp;months under an accident and health plan covering employees of Employer. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.3. <I>Death</I>. Employee&#146;s employment under this Agreement shall terminate automatically upon the death of
Employee, without any requirement of notice by Employer to Employee&#146;s estate. The date of Employee&#146;s death shall be the termination date of Employee&#146;s employment under this Agreement pursuant to this Section&nbsp;4.3. Upon any
termination of Employee&#146;s employment under this Agreement pursuant to this Section&nbsp;4.3, Employee shall be entitled to the compensation specified in Section&nbsp;5.3 hereof. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.4. <I>Termination by Employer Without Cause</I>. Employer may terminate Employee&#146;s employment without Cause by
giving Employee written notice of such termination. The termination date shall be the date specified by Employer in such notice, which shall not be less than ninety (90)&nbsp;days from the date of written notice to Employee. Upon any termination of
Employee&#146;s employment under this Agreement pursuant to this Section&nbsp;4.4, Employee shall be entitled to compensation and/or benefits in accordance with, and subject to, the provisions of Section&nbsp;5.4 hereof. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">8 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.5. <I>Termination by Employee Due to Poor Health</I>. Employee may
terminate Employee&#146;s employment under this Agreement upon written notice to Employer if Employee&#146;s health should become impaired to any extent that makes the continued performance of Employee&#146;s duties under this Agreement hazardous to
Employee&#146;s physical or mental health or Employee&#146;s life (regardless of whether such condition would be deemed a Disability under any other Section of this Agreement), <I>provided </I>that Employee shall have furnished Employer with a
written statement from a qualified doctor to that effect, and <I>provided further</I> that, at Employer&#146;s written request and expense, Employee shall submit to a medical examination by an independent qualified physician selected by Employer and
acceptable to Employee (which acceptance shall not be unreasonably withheld), which doctor shall substantially concur with the conclusions of Employee&#146;s doctor. The termination date shall be ninety (90)&nbsp;days from Employer&#146;s receipt of
such notice. Upon any termination of Employee&#146;s employment under this Agreement pursuant to this Section&nbsp;4.5, Employee shall be entitled to compensation and/or benefits in accordance with, and subject to, the provisions of Section&nbsp;5.5
hereof. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.6. <I>Termination by Employee</I>. Employee may terminate Employee&#146;s employment under this
Agreement for any reason whatsoever upon not less than ninety (90)&nbsp;days prior written notice to Employer. Upon receipt of such notice from Employee, Employer may, at its option, require Employee to terminate employment at any time in advance of
the expiration of such ninety (90)&nbsp;day period. The termination date under this Section&nbsp;4.6 shall be the date specified by Employer, but in no event more than ninety (90)&nbsp;days after Employer&#146;s receipt of notice from Employee as
contemplated by this Section&nbsp;4.6. Upon any termination of Employee&#146;s employment under this Agreement pursuant to this Section&nbsp;4.6, Employee shall be entitled to compensation and/or benefits in accordance with, and subject to, the
provisions of Section&nbsp;5.6 hereof. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">9 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.7. <I>Termination by Employee for Good Reason. </I>Employee may terminate
Employee&#146;s employment under this Agreement for Good Reason. For purposes of this Section, &#147;Good Reason&#148; shall mean the occurrence of any of the following: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) a material diminution in the Employee&#146;s Base Salary or Performance Bonus eligibility; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) a material diminution in the Employee&#146;s authority, duties, or responsibilities; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) a material diminution in the authority, duties or responsibilities of the supervisor to whom the Employee is required
to report, including a requirement that the Employee report to a corporate officer or employee instead of reporting directly to the Mednax Board; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) a material diminution in the budget over which the Employee retains authority; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(e) a material change in the geographic location at which the Employee must perform the services under this Agreement; or </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) any other action or inaction that constitutes a material breach by the Employer under this Agreement. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For purposes hereof, &#147;Good Reason&#148; shall not be deemed to exist unless the Employee provides the Employer with written notice of
the existence of such condition within ninety (90)&nbsp;days after the initial existence of the condition and the Employer fails to remedy the condition within thirty (30)&nbsp;days after its receipt of such notice. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">10 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notice of the condition shall include the proposed termination date of Employee&#146;s
employment under this Agreement, which must be ninety (90)&nbsp;days from the date of the notice. If Employer fails to remedy the condition, Employer may, at its option, require Employee to terminate employment at any time in advance of the
expiration of such ninety (90)&nbsp;day period. The termination date under this Section&nbsp;4.7 shall be the date specified by Employer, but in no event more than ninety (90)&nbsp;days after Employer&#146;s receipt of notice from Employee as
contemplated by this Section&nbsp;4.7. If Employee terminates Employee&#146;s employment under this Agreement pursuant to this Section&nbsp;4.7, then Employee shall be entitled to compensation and/or benefits in accordance with, and subject to, the
provisions of Section&nbsp;5.7 hereof. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.8. <I>Termination of Employee in Connection With Change in Control of
Employer.</I> In the event that Employer terminates Employee&#146;s employment without Cause in accordance with Section&nbsp;4.4, or Employee terminates Employee&#146;s employment for Good Reason in accordance with Section&nbsp;4.7, and in either
case the termination occurs within twenty four (24)&nbsp;months following a Change of Control of Mednax (as defined below), then in lieu of the compensation and/or benefits that Employee would otherwise be entitled to under Section&nbsp;5.4 or
Section&nbsp;5.7, Employee shall be entitled to the compensation and/or benefits in accordance with, and subject to, the provisions of Section&nbsp;5.8. For purposes of this Agreement, &#147;Change in Control&#148; of Mednax shall mean (i)&nbsp;the
acquisition by a person or an entity or a group of persons and entities, directly or indirectly, of more than fifty (50%)&nbsp;percent of Mednax common stock in a single transaction or a series of transactions (hereinafter referred to as a &#147;50%
Change in Control&#148;); (ii)&nbsp;a merger or other form of corporate reorganization of Mednax resulting in an actual or <I>de facto</I> 50% Change in </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">11 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Control; or (iii)&nbsp;the failure of Applicable Directors (defined below) to constitute a majority of the Mednax Board during any two (2)&nbsp;consecutive year period commencing on or after
January&nbsp;1, 2012 (the &#147;Two-Year Period&#148;). &#147;Applicable Directors&#148; shall mean those individuals who are members of the Board at the inception of a Two-Year Period and any new director whose election to the Board or nomination
for election to the Board was approved (prior to any vote thereon by the shareholders) by a vote of at least two-thirds (2/3)&nbsp;of the directors then still in office who either were directors at the beginning of the Two-Year Period at issue or
whose election or nomination for election during such Two-Year Period was previously approved as provided in this sentence.</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>5. Compensation and Benefits Upon Termination or Disability. </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.1. <I>Cause</I>. If Employee&#146;s employment is terminated for Cause, Employer shall pay Employee&#146;s Base Salary
through the termination date specified in Section&nbsp;4.1 at the rate in effect at the termination date. Upon payment of such amount, plus any amounts as may be due under Section&nbsp;5.10 below, Employer shall have no further obligation to
Employee under this Agreement, other than any benefits to which Employee is entitled under Section&nbsp;5.13 below. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">5.2. <I>Disability</I>. In the event of Employee&#146;s Disability, Employer shall continue to pay Employee&#146;s monthly Base Salary for a period of twelve (12)&nbsp;months following the date of
Employee&#146;s Disability, plus any amount due under Sections&nbsp;5.10 and 5.11 hereof.&nbsp;Amounts payable under this Section&nbsp;5.2 are not intended to be in lieu of benefits under any long-term disability plan. Employer may maintain and
revise during the term of this Agreement, and Employee&#146;s entitlement to benefits under such plan, if any, shall be determined solely by the plan&#146;s terms. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">12 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.3. <I>Death</I>. Upon Employee&#146;s death during the Employment Period,
Employer shall pay to the person or entity designated by Employee in a notice filed with Employer or, if no person is designated, to Employee&#146;s estate any unpaid amounts of Base Salary to the date of Employee&#146;s death, plus any amounts as
may be due under Sections 5.10 and 5.11 below. Any payments Employee&#146;s spouse, beneficiaries or estate may be entitled to receive pursuant to any pension plan, employee welfare benefit plan, life insurance policy, or similar plan or policy then
maintained by Employer shall be determined and paid in accordance with the written instruments governing the respective plans and policies. In the event of Employee&#146;s death during the Employment Period, Employer shall notify Employee&#146;s
designee or estate of the stock awards held by Employee and the procedures pursuant to which all vested stock options may be exercised and other stock awards may be realized under the terms applicable to such awards. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.4. <I>Termination by Employer Without Cause</I>. If Employer terminates Employee&#146;s employment in accordance with
Section&nbsp;4.4, then Employer shall pay Employee&#146;s Base Salary through the termination date specified in Section&nbsp;4.4 at the rate in effect at such termination date, plus any amount due under Sections&nbsp;5.10 and 5.11 hereof. In
addition, Employee will continue to receive the same Base Salary payment in effect on such termination date for a period of twenty four (24)&nbsp;months following termination date under the same conditions, less normal and standard deductions under
federal and state laws. Employee will also receive on the first and second anniversaries of such termination date a payment equal to the greater of: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) Employee&#146;s most recent performance bonus paid prior to such termination date, or </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">13 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) The average of his earned performance bonus (expressed as a percentage
of Base Salary) for the previous three years preceding such termination date, multiplied by his Base Salary at time of termination </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">5.5. <I>Termination by Employee Due to Poor Health. </I>If Employee terminates employment under this Agreement pursuant to Section&nbsp;4.5 hereof, Employer shall pay to Employee any unpaid amounts of
Base Salary to the termination date specified in Section&nbsp;4.5, plus any disability payments otherwise payable by or pursuant to plans provided by Employer, plus any amounts as may be due under Section&nbsp;5.10 and 5.11 hereof. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.6. <I>Termination by Employee</I>. If Employee&#146;s employment under this Agreement terminates pursuant to
Section&nbsp;4.6 hereof, Employer shall pay to Employee any unpaid amounts of Base Salary to the termination date specified in Section&nbsp;4.6, plus any amounts as may be due under Section&nbsp;5.10 and 5.11 below. In the event that the termination
date specified by Employer is less than ninety (90)&nbsp;days after the date of Employer&#146;s receipt of notice as contemplated by Section&nbsp;4.6, then Employer shall continue Employee&#146;s Base Salary for a period of days equal to ninety
(90)&nbsp;minus the number of days from Employee&#146;s notice to the termination date. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition, if
Employee gives Employer sufficient notice in accordance with Section&nbsp;4.6 and executes, and does not revoke, a general release of claims pursuant to Section&nbsp;5.18 of this Agreement, Employer shall pay Employee a bonus calculated in
accordance with Section&nbsp;5.11 hereof. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.7. <I>Termination by Employee for Good Reason.</I> If
Employee&#146;s employment under this Agreement is terminated in accordance with Section&nbsp;4.7, then Employer shall pay Employee&#146;s Base Salary through the termination date </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">14 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
specified pursuant to Section&nbsp;4.7 at the rate in effect at such termination date, plus any amounts as may be due under Sections&nbsp;5.10 and 5.11 hereof. In addition, Employee will continue
to receive the same Base Salary payment in effect on such termination date for a period of twenty four (24)&nbsp;months following termination date under the same conditions, less normal and standard deductions under federal and state laws. Employee
will also receive on the first and second anniversaries of such termination date a payment equal to the greater of: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) Employee&#146;s most recent performance bonus paid prior to such termination date, or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) The average of his earned performance bonus (expressed as a percentage of Base Salary) for the previous three years preceding such termination date, multiplied by his Base Salary at time of
termination </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.8. <I>Termination of Employee in Connection With Change in Control of Employer.</I> If
Employee&#146;s employment under this Agreement is terminated in accordance with Section&nbsp;4.8, then Employer shall pay Employee&#146;s Base Salary through the termination date specified pursuant to Section&nbsp;4.8 at the rate in effect at such
termination date, plus any amounts as may be due under Section&nbsp;5.10 hereof. In addition, Employee will receive the following severance payments from Employer: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Continuation of the same Base Salary in effect at such termination date for a period of thirty six (36)&nbsp;months
with payments under the same conditions, less normal and standard deductions under federal and state laws. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b)
Within 90 days following such termination date, Employee will receive a lump sum payment in an amount equal to three times the greater of (1)</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">15 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
his most recent performance bonus paid prior to such termination date, or (2)&nbsp;the average of his earned performance bonus (expressed as a percentage of Base Salary) for the three years
preceding such termination date, multiplied by his Base Salary at time of termination. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.9. <I><U>Reduction of
Parachute Payments</U></I>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Anything in this Agreement to the contrary notwithstanding, in the event it
shall be determined that any payment or distribution by Employer to or for the benefit of Employee (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) (a &#147;<U>Payment</U>&#148;) would
(i)&nbsp;constitute a &#147;parachute payment&#148; within the meaning of Section&nbsp;280G of the Internal Revenue Code of 1986, as amended, and (ii)&nbsp;be subject to the excise tax imposed by Section&nbsp;4999 of the Code, or any successor
provisions thereto, including any corresponding provision of any subsequent Internal Revenue Code, as the same may be amended from time to time, (the &#147;<U>Excise Tax</U>&#148;), then such Payment shall be reduced to the Reduced Amount (as
defined below). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) The &#147;Reduced Amount&#148; shall be the largest portion of the Payment that would
result in no portion of the Payment being subject to the Excise Tax; provided, however, if the entire Payment, after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the
highest applicable marginal rate), results in Employee&#146;s receipt, on an after-tax basis, of an amount greater than the Reduced Amount, then Employee shall receive the entire Payment in lieu of the Reduced Amount. If a reduction in payments or
benefits constituting &#147;parachute payments&#148; is necessary so that the Payment equals the Reduced Amount, unless otherwise determined by Employer no later than two (2)&nbsp;days prior to the termination date set forth in the notice of
termination given pursuant to Section&nbsp;4.4 or Section </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">16 </FONT></P>



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4.7, as applicable, the reduction shall occur in the manner that results in the greatest economic benefit to Employee as determined in this paragraph. If more than one method of reduction will
result in the same economic benefit, the portions of the Payment shall be reduced pro rata. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) All
determinations required to be made under this Section&nbsp;5.9, including whether a Payment shall be reduced to the Reduced Amount, and the assumptions to be utilized in arriving at such determination, shall be made by a &#147;Big Four&#148;
accounting firm (the &#147;Accounting Firm&#148;) or other qualified professional firm as selected and agreed to by Employee and the Mednax Board of Directors; <I>provided, </I>that the Accounting Firm shall not also be Mednax&#146;s independent
auditor. The Employer shall bear all expenses with respect to the determinations by the Accounting Firm required to be made hereunder. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) The Accounting Firm shall provide its calculations, together with detailed supporting documentation, to Employer and Employee within fifteen (15)&nbsp;business days after the date on which
Employee&#146;s right to a Payment is triggered (if requested at that time by Employer or Employee) or such other time as requested by Employer or Employee. If the Accounting Firm determines that no Excise Tax is payable with respect to a Payment,
either before or after the application of the Reduced Amount, it shall furnish Employer and Employee with an opinion reasonably acceptable to Employer and Employee that no Excise Tax will be imposed with respect to such Payment. Any good faith
determinations of the Accounting Firm made hereunder shall be final, binding and conclusive upon Employer and Employee. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">5.10. <I>Expense Reimbursement. </I>Employee shall be entitled to reimbursement for reasonable business expenses incurred prior to the termination date, subject, however to the provisions of
Section&nbsp;3.1. Such reimbursement shall be made at the times and in accordance with Employer&#146;s normal procedures for reimbursements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">17 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.11. <I>Performance Bonus</I>. In the situations described in Sections 5.2,
5.3, 5.4, 5.5, 5.6 and 5.7 upon termination of Employee&#146;s employment under this Agreement, Employee shall be paid a bonus with respect to Employer&#146;s fiscal year in which the termination date occurs, equal to the Performance Bonus, if any,
that would have been payable to Employee for the fiscal year if Employee&#146;s employment had not been terminated, multiplied by the number of days in the fiscal year prior to and including the date of termination and divided by three hundred
sixty-five (365). Any amount payable under this Section&nbsp;5.11 shall be paid to Employee when Employer pays performance bonuses to its eligible employees, which shall be in the calendar year following the termination date of this Agreement.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.12. <I>Employment Transition and Severance Agreement. </I>If Employer so requests within five business days
following a termination of Employee&#146;s employment under this Agreement pursuant to Section&nbsp;4.2, 4.4, 4.5, or 4.7, Employee shall continue to be employed by Employer on a part time basis for a period (the &#147;Transition Period&#148;) to be
determined by Employer that shall not exceed ninety (90)&nbsp;days, unless extended by mutual agreement. During the Transition Period, Employee shall perform (to the extent reasonably capable in the case of a termination pursuant to Section&nbsp;4.2
or Section&nbsp;4.5) such services as may reasonably be required for the transition to others of matters previously within Employee&#146;s responsibilities. Unless otherwise mutually agreed, Employee will not be required to serve more than five
(5)&nbsp;days per month during the Transition Period. For services during the Transition Period, Employee shall be compensated at a daily rate equal to his Base Salary immediately preceding the termination of this Agreement divided by 365.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">18 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.13. <I>Continuation of Group Health Coverage</I>. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Extended Coverage in the Event of Reduction of Employee&#146;s Hours of Employment. In the event that a reduction of
hours of Employee&#146;s employment would otherwise cause a loss of group health coverage as an employee and such loss would entitle Employee and his eligible dependents to elect health care continuation coverage under Section&nbsp;601 <I>et
seq</I>. of the Employee Retirement Income Security Act of 1974, 29 U.S.C. &#167; 1161, <I>et seq.</I> (&#147;COBRA&#148;), Employee and his eligible dependents will be entitled to the following. Except as provided in Section&nbsp;5.13(d), or
5.13(e) below, Employee and his eligible dependents will be entitled to elect (for the duration of Employee&#146;s employment by Employer) to continue to participate in any self-insured group health plan sponsored by Employer for its employees on
the same basis as regular, full-time employees of Employer and their eligible dependents. As a condition of eligibility to elect extended coverage of health care benefits under this Section&nbsp;5.13(a), Employee and his eligible dependents must
first irrevocably decline any continuation coverage provided pursuant to COBRA. Employee and each of his eligible dependents shall have an independent opportunity to decline COBRA coverage in favor of extended coverage under this
Section&nbsp;5.12(a), and the election or nonelection by Employee and/or any of his eligible dependents shall not effect the eligibility of the others to elect coverage under this Section&nbsp;5.13(a). </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Transition Periods. Except as provided in Section&nbsp;5.13(d) or 5.13(e) below, Employee and his eligible dependents
will be entitled, during any Transition Period, to continue to participate in any self-insured, group health plan sponsored by Employer for its employees on the same basis as regular, full-time employees of Employer and their eligible dependents.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">19 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Alternate Extended Coverage. Except as provided in Section&nbsp;5.13(d)
or 5.13(e) below, upon Employee&#146;s termination of employment for any reason, Employee (if living) and his eligible dependents will be entitled to elect (for a period of five (5)&nbsp;years following the later of the Employee&#146;s termination
date or the end of the Transition Period) to continue to participate in any self-insured group health plan sponsored by Employer for its employees on the same basis as regular, full-time employees of Employer and their eligible dependents. As a
condition of eligibility to elect the alternate extended coverage of health care benefits under this Section&nbsp;5.13(c), Employee and his eligible dependents must first irrevocably decline any continuation coverage provided pursuant to COBRA.
Employee and each of his eligible dependents shall have an independent opportunity to decline COBRA coverage in favor of the alternate extended coverage under this Section&nbsp;5.13(c), and the election or nonelection by Employee and/or any of his
eligible dependents shall not affect the eligibility of the others to elect coverage under this Section&nbsp;5.13(c). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) Payment for Coverage. Employee will pay the full cost of any continued group health coverage provided under Section&nbsp;5.13(a), 5.13(b), or 5.13(c), which is understood to be equal to the
&#147;applicable premium&#148; as determined under Section&nbsp;604 of the Employee Retirement Income Security Act of 1974, 29 U.S.C. &#167; 1164. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(e) Employer Option to Provide Insurance. In its sole discretion, Employer may provide health care insurance to Employee and his eligible dependents through an insurance carrier(s) selected by Employer in
lieu of providing the coverage described in Section&nbsp;5.13(a), 5.13(b), or 5.13(c) above, provided the coverage afforded by such insurance is substantially comparable to coverage under Section&nbsp;5.13(a), 5.13(b), and 5.13(c) above.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">20 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Employee shall pay the cost of such insurance up to the amount that would have been paid by Employee under Section&nbsp;5.13(d) above. Employer shall pay the excess cost, if any. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) Indemnification for Income Tax. Employer and Employee do not contemplate that the provision of benefits under this
Section&nbsp;5.13 will occasion any imputed income to Employee under Section&nbsp;105(h) of the Internal Revenue Code of 1986, 26 U.S.C. &#167; 105(h), for purposes of income taxes but, if it does, Employer agrees to indemnify Employee from and
against any income taxes imposed under Section&nbsp;105(h) as a consequence of such imputed income. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.14.
<I>Vesting of Incentive Awards. </I>Notwithstanding any contrary provision in this Agreement or any Stock Option or Incentive Compensation Plan then maintained by Mednax or Employer, (i)&nbsp;all stock options, stock appreciation rights, restricted
stock, and other stock-based awards granted to Employee by Mednax or Employer (as the predecessor to Mednax) prior to termination of this Agreement shall continue to vest until fully vested following a termination of Employee&#146;s employment
pursuant to Section&nbsp;4.2, 4.3, 4.4, 4.5, and 4.7, and (ii)&nbsp;in the event of a Change in Control of Mednax, all unvested stock options, stock appreciation rights, restricted stock, and other stock-based awards granted to Employee by Mednax or
Employer (as the predecessor to Mednax) shall automatically vest and, in the cases of stock options and stock appreciation rights, become immediately exercisable. This Section&nbsp;5.14 shall not apply to the Restricted Share Units Agreements
entered into between Employee and Employer on August&nbsp;20, 2008, and on August&nbsp;7, 2011. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.15.
<I>Period for Exercising Stock Options After Termination. </I>Except as to incentive stock options granted in accordance with Section&nbsp;422 of the Internal Revenue Code, Employee shall be allowed a period of the greater of (i)&nbsp;twenty-four
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">21 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
(24)&nbsp;months after termination of Employee under this Agreement or (ii)&nbsp;twelve months from the applicable vesting date during which to exercise any vested options to purchase
Mednax&#146;s common stock or vested stock appreciation rights and realize any other vested incentive compensation awards that may be granted or made under any equity compensation or incentive compensation plan or arrangement of Mednax (or the
Employer as the predecessor to Mednax); provided, however, that in no event shall the period during which Employee may exercise any vested stock option or vested stock appreciation right be extended pursuant to this Section&nbsp;5.15 to a date that
is later than the earlier of (i)&nbsp;the latest date upon which the stock right could have expired by its original terms under any circumstances or (ii)&nbsp;the tenth anniversary of the original date of grant of the stock right. In all other
respects, the terms of the applicable equity compensation plan shall control the terms and conditions of any awards made pursuant thereto. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">5.16. <I>Assistant and Office. </I>Upon Employee&#146;s termination of employment for any reason, Employer will reimburse Employee for lease payments incurred by Employee in leasing an office in such
location as Employee and Employer shall mutually agree, and for reasonable wages paid by Employee to an administrative assistant, in each case on a continuing basis reasonably comparable to that provided to Employee currently, until the date that is
two (2)&nbsp;years from the date of termination. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.17. <I>Compliance with Section&nbsp;409A. </I> </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) General. It is the intention of both Employer and Employee that the benefits and rights to which Employee could be
entitled in connection with termination of employment comply with Section&nbsp;409A of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder (&#147;Section 409A&#148;), and the provisions of this Agreement shall
be construed in a manner consistent with that intention. If Employee or </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">22 </FONT></P>



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Employer believes, at any time, that any such benefit or right does not so comply, it shall promptly advise the other and shall negotiate reasonably and in good faith to amend the terms of such
benefits and rights such that they comply with Section&nbsp;409A of the Code (with the most limited possible economic effect on Employee and on Employer). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) Distributions on Account of Separation from Service. If and to the extent required to comply with Section&nbsp;409A, no payment or benefit required to be paid under this Agreement on account of
termination of Employee&#146;s employment shall be made unless and until Employee incurs a &#147;separation from service&#148;, within the meaning of Section&nbsp;409A. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) 6-Month Delay for Specified Employees. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) If Employee is a &#147;specified employee&#148;, then no payment or benefit that is payable on account of
Employee&#146;s &#147;separation from service&#148;, as that term is defined for purposes of Section&nbsp;409A, shall be made before the date that is six months after Employee&#146;s &#147;separation from service&#148; (or, if earlier, the date of
Employee&#146;s death) if and to the extent that such payment or benefit constitutes deferred compensation (or may be nonqualified deferred compensation) under Section&nbsp;409A and such deferral is required to comply with the requirements of
Section&nbsp;409A. Any payment or benefit delayed by reason of the prior sentence shall be paid out or provided in a single lump sum at the end of such required delay period in order to catch up to the original payment schedule. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) For purposes of this provision, Employee shall be considered to be a &#147;specified employee&#148; if, at the time
of his or her </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">23 </FONT></P>



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separation from service, Employee is a &#147;key employee&#148;, within the meaning of Section&nbsp;416(i) of the Code, of Employer (or any person or entity with whom Employer would be considered
a single employer under Section&nbsp;414(b) or Section&nbsp;414(c) of the Code) any stock in which is publicly traded on an established securities market or otherwise. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) Unless otherwise required to comply with Section&nbsp;409A, a payment or benefit shall not be deferred pursuant to
this provision if: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:17%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(x) it is not made on account of Employee&#146;s &#147;separation from service&#148;,
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:17%; text-indent:4%;padding-bottom:0px;"><FONT STYLE="font-family:Times New Roman" SIZE="2">(y) it is required to be paid no later than within 2 </FONT><FONT
STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">/2 months after the end of the taxable year of Employee in which the
payment or benefit is no longer subject to a &#147;substantial risk of forfeiture&#148;, as that term is defined for purposes of Section&nbsp;409A, or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:17%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(z) the payment satisfies the following requirements: (A)&nbsp;it is being paid or provided due to Employer&#146;s termination of Employee&#146;s employment without Cause or Employee&#146;s termination of
employment for Good Reason, (B)&nbsp;it does not exceed two times the lesser of (1)&nbsp;Employee&#146;s annualized compensation from Employer for the calendar year prior to the calendar year in which the termination of Employee&#146;s employment
occurs, and (2)&nbsp;the maximum amount of compensation that may be taken into account under a qualified </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">24 </FONT></P>



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plan pursuant to Section&nbsp;401(a)(17) of the Code for the year in which Employee&#146;s employment terminates, and (C)&nbsp;the payment is required under this Agreement to be paid no later
than the last day of the second calendar year following the calendar year in which Employee incurs a &#147;separation from service. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) No Acceleration of Payments. Neither Employer nor Employee, individually or in combination, may accelerate any payment or benefit that is subject to Section&nbsp;409A, except in compliance with
Section&nbsp;409A and the provisions of this Agreement, and no amount shall be paid prior to the earliest date on which it may be paid without violating Section&nbsp;409A. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) Treatment of Each Installment as a Separate Payment. For purposes of applying the provisions of Section&nbsp;409A to
this Agreement, each separately identified amount to which Employee is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section&nbsp;409A, any series of installment payments under
this Agreement shall be treated as a right to a series of separate payments. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) Reimbursements and In-Kind
Benefits. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) Any reimbursements by Employer to Employee of any eligible expenses pursuant to
Section&nbsp;3.1 or 5.10 of this Agreement, that are not excludible from Employee&#146;s income for Federal income tax purposes (&#147;Taxable Reimbursements&#148;) shall be made on or before the last day of the taxable year of Employee following
the year in which the expense was incurred. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) The amount of any Taxable Reimbursements and the value of any in-kind
benefits to be provided to Employee under this Agreement during any taxable year of Employee shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year of Employee. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) The right to Taxable Reimbursements, or in-kind benefits, shall not be subject to liquidation or exchange for
another benefit. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.18. <I>Release. </I>The Employer shall provide the Employee with a general release in the
form attached as Exhibit B (subject to such modifications as the Employer may reasonably request) within seven (7)&nbsp;days after the Employee&#146;s termination date.&nbsp;Payments or benefits to which the Employee may be entitled pursuant to this
Article 5 (other than any accrued but unpaid Base Salary and employee benefits as of the end of the Employment Period) (the &#147;Severance Amounts&#148;) shall be conditioned upon the Employee executing the general release within 21 days after
receiving it from the Employer and the general release becoming irrevocable upon the expiration of 7 days following the Employee&#146;s execution of it. Payment of the Severance Amounts shall be suspended during the period (the &#147;Suspension
Period&#148;) that begins on the Employee&#146;s termination date and ends on the date (&#147;Suspension Termination Date&#148;) that is thirty-five (35)&nbsp;days after the Employee&#146;s termination date; provided, however, that this suspension
shall not apply, and the Employer shall be required to provide, any continued health insurance coverage that would be required under Article 5.12 hereof during the Suspension Period. If the Employee executes the general release and the general
release becomes irrevocable by no later than the Suspension Termination Date, then payment of any Severance Amounts that were suspended pursuant to this provision shall be made in the first payroll period that follows the Suspension Termination
Date, and any Severance Amounts that are payable after the Suspension Termination Date shall be paid at the times provided in Article 5.</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>6. Successors; Binding Agreement. </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">6.1. <I>Successors</I>. Mednax shall require any successor (whether direct or indirect, by purchase, merger, consolidation
or otherwise) acquiring a majority of Mednax&#146;s voting common stock or any other successor to all or substantially all of the business and/or assets of Mednax to expressly assume and agree to perform and cause Employer to perform this Agreement
in the same manner and to the same extent that Mednax or Employer would be required to perform it if no such succession had taken place and Employee hereby consents to any such assignment. This Section shall not limit Employee&#146;s ability to
terminate his employment under this Agreement in the circumstances described in Section&nbsp;4.8 in the event of a Change in Control of Mednax. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">6.2. <I>Benefit</I>. This Agreement and all rights of Employee under this Agreement shall inure to the benefit of and be enforceable by Employee&#146;s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. If Employee should die after the termination date and amounts would have been payable to Employee under this Agreement if Employee had continued to live, including under
Section&nbsp;5 hereof, then such amounts shall be paid to Employee&#146;s devisee, legatee, or other designee or, if there is no such designee, Employee&#146;s estate. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>7. Conflicts with Prior Employment Contract. </B>Except as otherwise provided in this Agreement, this Agreement
constitutes the entire agreement among the parties pertaining to the subject matter hereof, and supersedes and revokes any and all prior or existing agreements, written or oral, relating to the subject matter hereof, and this Agreement shall be
solely determinative of the subject matter hereof. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">27 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>8. Restrictive Covenants; Confidential Information; Work Product;
Injunctive Relief. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.1. <I>No Material Competition. </I> </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Employer and Employee acknowledge and agree that a strong relationship and connection exists between Employer and its
current and prospective patients, referral sources, and customers as well as the hospitals and healthcare facilities at which it provides professional services. Employer and Employee further acknowledge and agree that the restrictive covenants
described in this Section are designed to enforce, and are ancillary to or part of, the promises contained in this Agreement and are reasonably necessary to protect the legitimate interests of Employer in the following: (i)&nbsp;the use and
disclosure of the Confidential Information as described in Section&nbsp;8.4; and (ii)&nbsp;the professional development activities described in Section&nbsp;1.2. The foregoing listing is by way of example only and shall not be construed to be an
exclusive or exhaustive list of such interests. Employee acknowledges that the restrictive covenants set forth below are of significant value to Employer and were a material inducement to Employer in agreeing to the terms of this Agreement. Employee
further acknowledges that the goodwill and other proprietary interest of Employer will suffer irreparable and continuing damage in the event Employee enters into competition with Employer in violation of this Section. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Therefore, Employee agrees that, except with respect to services performed under this Agreement on behalf of Employer,
Employee shall not </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
(without the consent of Employee&#146;s Supervisor, which consent may be granted or withheld in the sole discretion of Employee&#146;s Supervisor), at any time during the Restricted Period (as
defined below) for any reason, for Employee or on behalf of any other person, persons, firm, partnership, corporation or employer, participate or engage in or own an interest in, directly or indirectly, any individual proprietorship, partnership,
corporation, joint venture, trust or other form of business entity, whether as an individual proprietor, partner, joint venturer, officer, director, member, employee, consultant, independent contractor, stockholder, lender, landlord, finder, agent,
broker, trustee, or in any manner whatsoever, if such entity or its affiliates is engaged in, directly or indirectly, &#147;Employer&#146;s Business,&#148; as defined on Exhibit A hereto. Employee acknowledges that, as of the date hereof,
Employee&#146;s responsibilities will include matters affecting the businesses of Employer listed on Exhibit A. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <I>Medical Services in Florida. </I>Employee acknowledges that Employee&#146;s duties under this Agreement have
included Employee&#146;s active leadership relating to medical practices owned or operated by Employer and by an affiliate of Employer in the State of Florida. Employee further acknowledges that Employer and Employer&#146;s affiliates in Florida
have a substantial investment in such medical practices and that Employer and Employer&#146;s affiliates would be economically injured due to lost income in a material amount in the event Employee competes with Employer or any of Employer&#146;s
affiliates in their primary market areas in Florida. Accordingly, Employee agrees that Employee shall not (without the consent of Employee&#146;s Supervisor, which consent may be granted or withheld in the sole discretion of Employee&#146;s
Supervisor), at any time during the Restricted Period, for any reason, for Employee or on behalf of any other person, persons, firm, partnership, corporation or employer, provide professional medical services in any of the clinical practice areas
described as </FONT></P>
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Employer&#146;s Business on Exhibit A within a radius of twenty (20)&nbsp;miles of a medical practice owned or operated by Employer or any of Employer&#146;s affiliates in Florida. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For purposes of this Section&nbsp;8, the &#147;Restricted Period&#148; shall mean the Employment Period plus (i)&nbsp;twenty-four
(24)&nbsp;months in the event this Agreement is terminated pursuant to Section&nbsp;4.4, 4.7 or 4.8, or (ii)&nbsp;twelve (12)&nbsp;months in the event this Agreement is terminated for any other reason. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.2. <I>No Hire</I>. Employee further agrees that Employee shall not (without the consent of Employee&#146;s Supervisor,
which consent may be granted or withheld in the sole discretion of Employee&#146;s Supervisor), at any time during the Restricted Period, for any reason, for Employee or on behalf of any other person, persons, firm, partnership, corporation or
employer, employ, or knowingly permit any company or business directly or indirectly controlled by Employee to employ or otherwise engage (a)&nbsp;any person who is a then current employee or independent contractor of Employer or one of its
affiliates, or (b)&nbsp;any person who was an employee or independent contractor of Employer or one of its affiliates in the prior six (6)&nbsp;month period, or in any manner seek to induce such persons to leave his or her employment or engagement
with Employer or one of its affiliates (including without limitation for or on behalf of a subsequent employer of Employee). Notwithstanding the foregoing, it shall not be a violation of this Section for Employee to participate in any capacity in a
business venture after termination of this Agreement with a current or former employee or independent contractor of Employer or its affiliates if (i)&nbsp;Employee&#146;s participation in such business venture does not violate Section&nbsp;8.1,
(ii)&nbsp;Employee and such individual were actively pursuing such business venture for a period of at least six (6)&nbsp;months while both were employed or otherwise engaged by Employer, and (iii)&nbsp;a period of at least one (1)&nbsp;year has
elapsed since the termination of Employee&#146;s employment. Additionally, it shall not be a violation of this Section </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
for Employee to hire one of his administrative assistants at the time of his termination for the purposes of Section&nbsp;5.16 of this Agreement, or for any other purpose. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.3. <I>Non-solicitation. </I>Employee further agrees that Employee shall not (without the consent of Employee&#146;s
Supervisor, which consent may be granted or withheld in the sole discretion of Employee&#146;s Supervisor), at any time during the Restricted Period, for any reason, for Employee or on behalf of any other person, persons, firm, partnership,
corporation or employer, solicit or accept business from or take any action that would interfere with, diminish or impair the valuable relationships that Employer or its affiliates have with (i)&nbsp;hospitals or other health care facilities with
which Employer or its affiliates have contracts to render professional services or otherwise have established relationships, (ii)&nbsp;patients, (iii)&nbsp;referral sources, (iv)&nbsp;vendors, (v)&nbsp;any other clients of Employer or its
affiliates, or (vi)&nbsp;prospective hospitals, patients, referral sources, vendors or clients whose business Employee was aware that Employer or any affiliate of Employer was in the process of soliciting at the time of Employee&#146;s termination
(including potential acquisition targets). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.4. <I>Confidential Information</I>. At all times during the term
of this Agreement, Employer shall provide Employee with access to &#147;Confidential Information.&#148; As used in this Agreement, the term &#147;Confidential Information&#148; means any and all confidential, proprietary or trade secret information,
whether disclosed, directly or indirectly, verbally, in writing or by any other means in tangible or intangible form, including that which is conceived or developed by Employee, applicable to or in any way related to: (i)&nbsp;patients with whom
Employer has a physician/patient relationship; (ii)&nbsp;the present or future business of Employer; or (iii)&nbsp;the research and development of Employer. Without limiting the generality of the foregoing, Confidential Information includes:
(a)&nbsp;the development and operation of Employer&#146;s medical practices, including </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
information relating to budgeting, staffing needs, marketing, research, hospital relationships, equipment capabilities, and other information concerning such facilities and operations and
specifically including the procedures and business plans developed by Employer for use at the hospitals where Employer conducts its business; (b)&nbsp;contractual arrangements between Employer and insurers or managed care associations or other
payors; (c)&nbsp;the databases of Employer; (d)&nbsp;the clinical and research protocols of Employer, including coding guidelines; (e)&nbsp;the referral sources of Employer; and (f)&nbsp;other confidential information of Employer that is not
generally known to the public that gives Employer the opportunity to obtain an advantage over competitors who do not know or use it, including the names, addresses, telephone numbers or special needs of any of its patients, its patient lists, its
marketing methods and related data, lists or other written records used in Employer&#146;s business, compensation paid to employees and other terms of employment, accounting ledgers and financial statements, contracts and licenses, business systems,
business plan and projections, and computer programs. The parties agree that, as between them, this Confidential Information constitutes important, material, and confidential trade secrets that affect the successful conduct of Employer&#146;s
business and its goodwill. Employer acknowledges that the Confidential Information specifically enumerated above is special and unique information and is not information that would be considered a part of the general knowledge and skill Employee has
or might otherwise obtain. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding the foregoing, Confidential Information shall not include any
information that (i)&nbsp;was known by Employee from a third party source before disclosure by or on behalf of Employer, (ii)&nbsp;becomes available to Employee from a source other than Employer that is not, to Employee&#146;s knowledge, bound by a
duty of confidentiality to Employer, (iii)&nbsp;becomes generally available or known in the industry other than as a result of its disclosure by Employee, or (iv)&nbsp;has been independently developed by Employee and may be disclosed by Employee
without breach of this Agreement, <I>provided,</I> in each case, that Employee shall bear the burden of demonstrating that the information falls under one of the above-described exceptions. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">32 </FONT></P>



<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employee agrees that, except as required in the performance of
Employee&#146;s duties as an employee of Employer, Employee will not at any time (without the consent of Employee&#146;s Supervisor, which consent may be granted or withheld in the sole discretion of Employee&#146;s Supervisor), whether during or
subsequent to the term of Employee&#146;s employment with Employer, in any fashion, form or manner, unless specifically consented to in writing by Employer, either directly or indirectly, use or divulge, disclose, or communicate to any person, firm
or corporation, in any manner whatsoever, any Confidential Information of any kind, nature, or description, subject to applicable law. In the event that Employee is requested or ordered to disclose any Confidential Information, whether in a legal or
a regulatory proceeding or otherwise, Employee shall provide Employer with prompt written notice of such request or order so that Employer may seek to prevent disclosure or, if that cannot be achieved, the entry of a protective order or other
appropriate protective device or procedure in order to assure, to the extent practicable, compliance with the provisions of this Agreement. In the case of any disclosure required by law, Employee shall disclose only that portion of the Confidential
Information that Employee is ordered to disclose in a legally binding subpoena, demand or similar order issued pursuant to a legal or regulatory proceeding. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">All Confidential Information, and all equipment, notebooks, documents, memoranda, reports, files, samples, books, correspondence, lists, other written and graphic records, in any media (including
electronic or video) containing Confidential Information or relating to the business of Employer, which Employee shall prepare, use, construct, observe, possess, or control shall be and remain Employer&#146;s sole property (collectively
&#147;Employer Property&#148;). Upon termination or expiration of this Agreement, or earlier upon Employer&#146;s request, Employee shall promptly deliver to Employer all Employer Property, retaining none. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">33 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.5. <I>Ownership of Work Product. </I>Employee agrees and acknowledges that
all copyrights, patents, trade secrets, trademarks, service marks, or other intellectual property or proprietary rights associated with any ideas, concepts, techniques, inventions, processes, or works of authorship developed or created by Employee
during the course of performing work for Employer and any other work product conceived, created, designed, developed or contributed by Employee during the term of this Agreement that relates in any way to Employer&#146;s Business (collectively, the
&#147;Work Product&#148;), shall belong exclusively to Employer and shall, to the extent possible, be considered a work made for hire within the meaning of Title 17 of the United States Code. To the extent the Work Product may not be considered a
work made for hire owned exclusively by Employer, Employee hereby assigns to Employer all right, title, and interest worldwide in and to such Work Product at the time of its creation, without any requirement of further consideration. Upon request of
Employer, Employee shall take such further actions and execute such further documents as Employer may deem necessary or desirable to further the purposes of this Agreement, including without limitation separate assignments of all right, title, and
interest in and to all rights of copyright and all right, title, and interest in and to any inventions or patents and any reissues or extensions which may be granted therefor, and in and to any improvements, additions to, or modifications thereto,
which Employee may acquire by invention or otherwise, the same to be held and enjoyed by Employer for its own use and benefit, and for the use and benefit of Employer&#146;s successors and assigns, as fully and as entirely as the same might be held
by Employee had this assignment not been made. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">34 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.6. <I>Clearance Procedure for Proprietary Rights Not Claimed by
Employer.</I> In the event that Employee wishes to create or develop, <I>other than</I> on Employer&#146;s time or using Employer&#146;s resources, anything that may be considered Work Product but of which Employee believes Employee should be
entitled to the personal benefit, Employee agrees to follow the clearance procedure set forth in this Section&nbsp;8.6. Before beginning any such work, Employee agrees to give Employer advance written notice and provide Employer with a sufficiently
detailed written description of the work under consideration for Employer to make a determination regarding the work. Unless otherwise agreed in a writing signed by Employer prior to receipt, Employer shall have no obligation of confidentiality with
respect to such request or description. Employer will determine in its sole discretion, within thirty (30)&nbsp;days after Employee has fully disclosed such plans to Employer, whether rights in such work will be claimed by Employer. If Employer
determines that it does not claim rights in such work, Employer agrees to so notify Employee in writing and Employee may retain ownership of the work to the extent that such work has been expressly disclosed to Employer. If Employer fails to so
notify Employee within such thirty (30)&nbsp;day period, then Employer shall be deemed to have agreed that such work is not considered Work Product for purposes of this Agreement. Employee agrees to submit for further review any significant
improvement, modification, or adaptation that could reasonably be related to Employer&#146;s Business so that it can be determined by Employer whether the improvement, modification, or adaptation relates to the business or interests of Employer.
Clearance under this procedure does not relieve Employee of the restrictive covenants set forth in this Section&nbsp;8. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">8.7. <I>Non-Disparagement and Medical Malpractice Cases.</I> Employer agrees that for a period of ten (10)&nbsp;years after the termination of this Agreement, Employer shall not disparage Employee or
otherwise impugn Employee&#146;s name or reputation. Employee agrees that for a period of ten (10)&nbsp;years after the </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">35 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
termination of this Agreement, Employee shall not (i)&nbsp;disparage Employer or any of Employer&#146;s affiliates (including any present, future or former agent, attorney, employee, officer or
director of Employer or any of Employer&#146;s affiliates); (ii)&nbsp;impugn in any manner the name or reputation of Employer or any of Employer&#146;s affiliates (including any present, future or former agent, attorney, employee, officer or
director of Employer or any of Employer&#146;s affiliates); or (iii)&nbsp;speak or write anything disparaging or critical of Employee&#146;s work conditions or the circumstances of the termination of Employee&#146;s employment with Employer.
Furthermore, for a period of ten (10)&nbsp;years after the termination of this Agreement, Employee shall not serve as a medical consultant or expert witness for any person or entity (including any attorney for such person or entity) in any lawsuit
or other proceeding against Employer or any Related Person (as hereinafter defined). For purposes of this Section&nbsp;8.7, each of the following is a Related Person: (a)&nbsp;every present, future and former affiliate of Employer; (b)&nbsp;every
present, future and former agent, employee, officer and director of Employer or any affiliate of Employer; and (c)&nbsp;every hospital at which professionals affiliated with Employer have provided services at any time material to the lawsuit or
other proceeding. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.8. <I>Review by Employee.</I> Employee has carefully read and considered the terms and
provisions of this Section&nbsp;8, and having done so, agrees that the restrictions set forth in this Section&nbsp;8 are fair and reasonably required for the protection of the interests of Employer. Without limiting other possible remedies available
to Employer, Employee agrees that injunctive or other equitable relief will be available to enforce the covenants set forth in this Section, such relief to be without the necessity of posting a bond. In the event that, notwithstanding the foregoing,
any part of the covenants set forth in this Section&nbsp;8 shall be held to be invalid, overbroad, or unenforceable by an arbitration panel or a court of competent jurisdiction, the parties hereto agree that such invalid, overbroad, or unenforceable
provision(s) may be modified or severed from this Agreement </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">36 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
without, in any manner, affecting the remaining portions of this Section&nbsp;8 (all of which shall remain in full force and effect). In the event that any provision of this Section&nbsp;8
related to time period or areas of restriction shall be declared by an arbitration panel or a court of competent jurisdiction to exceed the maximum time period, area or activities such arbitration panel or court deems reasonable and enforceable,
said time period or areas of restriction shall be deemed modified to the minimum extent necessary to make the geographic or temporal restrictions or activities reasonable and enforceable. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.9. <I>Survival and Termination of Payments and Benefits.</I> The provisions of this Section&nbsp;8 shall survive the
termination of this Agreement and Employee&#146;s employment with Employer. If Employee fails to comply fully with any provision of this Section&nbsp;8, Employee shall not be entitled to receive any further payments or benefits of any kind under
Section&nbsp;5 of this Agreement (other than Base Salary through date of termination and any amounts and/or benefits due under Section&nbsp;5.9, 5.10, or 5.13 hereof) and Employer shall have the right to terminate without advance notice any and all
other future payments and benefits of every kind that otherwise would be due under Section&nbsp;5 of this Agreement. The provisions of this Section&nbsp;8 are expressly intended to benefit and be enforceable by other affiliated entities of Employer,
who are express third party beneficiaries hereof. Employee shall not assist others in engaging in any of the activities described in the foregoing restrictive covenants. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>9. Arbitration.</B> Any controversy or claim arising out of or relating to this Agreement, or any alleged breach hereof shall be finally determined by binding arbitration before a three member panel,
consisting of one member selected by each party hereto, with the third member selected by the first two arbitrators. Each party hereto shall bear the costs of its own nominee, and shall share equally the cost of the third arbitrator and the parties
agree that the costs of arbitration shall not be subject to reapportionment by the arbitration panel. The arbitration proceedings shall be held in </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">37 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Sunrise, Florida, unless otherwise mutually agreed by the parties, and shall be conducted in accordance with the Employment Arbitration Rules and Mediation Procedures of the American Arbitration
Association then in effect and any judgment or award rendered by the arbitration panel may be entered and enforced by any court having jurisdiction thereof. Notwithstanding anything herein to the contrary, if Employer shall require immediate
injunctive relief, then Employer shall be entitled to seek such relief in any court having jurisdiction, and if Employer elects to do so, Employee hereby consents to the jurisdiction of the state and federal courts sitting in the State of Florida
and to the applicable service of process. Employee hereby waives and agrees not to assert, to the fullest extent permitted by applicable law, any claim that (i)&nbsp;Employee is not subject to the jurisdiction of such courts, (ii)&nbsp;Employee is
immune from any legal process issued by such courts and (iii)&nbsp;any litigation or other proceeding commenced in such courts is brought in an inconvenient forum. Any such arbitration shall be treated as confidential by all parties thereto, except
as otherwise provided by law or as otherwise necessary to enforce any judgment or order issued by the arbitrators. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>10.
Governing Law.</B> This Agreement shall be governed by and construed in accordance with the laws of the State of Florida without regard to its conflict of laws principles to the extent that such principles would require the application of laws other
than the laws of the State of Florida. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>11. Notices.</B> Any notice required or permitted to be given under this Agreement
shall be in writing and shall be deemed to have been given when delivered by hand or when deposited in the United States mail by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">If to Employer:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">If to Employee:</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mednax Services, Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Roger J. Medel, M.D.</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">1301 Concord Terrace</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">c/o Mednax Services, Inc.</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sunrise, FL 33323</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">1301 Concord Terrace</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention: General Counsel</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sunrise, FL 33323</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">38 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">or to such other addresses as either party hereto may require to give proper notice to the other in the
aforesaid manner. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>12. Benefits: Binding Effect.</B> This Agreement shall be for the benefit of and binding upon the
parties hereto and their respective heirs, personal representatives, legal representatives, successors and, where applicable, assigns. Notwithstanding the foregoing, Employee may not assign the rights or benefits hereunder without the prior written
consent of Employer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>13. Severability. </B>The invalidity of any one or more of the words, phrases, sentences, clauses or
Sections contained in this Agreement shall not affect the enforceability of the remaining portions of this Agreement or any part thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>14. Waivers. </B>The waiver by either party hereto of a breach or violation of any term or provision of this Agreement shall not operate nor be construed as a waiver of any subsequent breach or
violation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>15. Damages. </B>Nothing contained herein shall be construed to prevent Employer or Employee from seeking and
recovering from the other damages sustained by either or both of them as a result of a breach of any term or provision of this Agreement. In the event of any controversy or claim arising out of or relating to this Agreement, each party will bear its
own costs for arbitration or court and attorneys&#146; fees. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">39 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>16. No Third Party Beneficiary. </B>Except as provided in Section&nbsp;8.9, nothing
expressed or implied in this Agreement is intended, or shall be construed, to confer upon or give any person (other than the parties hereto and, in the case of Employee, Employee&#146;s heirs, personal representative(s) and/or legal representative)
any rights or remedies under or by reason of this Agreement. No agreements or representations, oral or otherwise, express or implied, have been made by either party with respect to the subject matter of this Agreement which agreements or
representations are not set forth expressly in this Agreement, and this Agreement supersedes any other agreement between Employer and Employee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>17. Headings. </B>The section headings in this Agreement are solely for convenience of reference and form no part of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">IN <B>WITNESS WHEREOF</B>, the undersigned have executed this Agreement as of the date first above written. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EMPLOYER:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EMPLOYEE:</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>MEDNAX SERVICES, INC.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Michael B. Fernandez</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Roger J. Medel, M.D.</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Michael B. Fernandez</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Roger J. Medel, M.D.</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman, Compensation Committee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">40 </FONT></P>



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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT A </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>BUSINESS OF EMPLOYER </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">As of the date hereof, Employer, directly or through
its affiliates, provides professional medical services and all aspects of practice management services in medical practice areas that include, but are not limited to, the following (collectively referred to herein as &#147;Employer&#146;s
Business&#148;): </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1)&nbsp;Neonatology, including hospital well baby care; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2)&nbsp;Maternal-Fetal Medicine, including general obstetrics services; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3)&nbsp;Pediatric Cardiology; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(4)&nbsp;Pediatric Intensive Care, including Pediatric Hospitalist Care; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(5)&nbsp;Anesthesiology; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(6)&nbsp;Newborn hearing screening services; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">References to Employer&#146;s
Business in this Agreement shall include such other medical service lines, practice management services and other businesses entered into by Employer after the date hereof but during the term of this Agreement; <I>provided,</I> that to be considered
a part of Employer&#146;s Business, Employer must have engaged in such other service line, practice management service or other business at least six (6)&nbsp;months prior to the termination date of this Agreement. For purposes of this Exhibit A,
businesses of Employer shall include the businesses conducted by Employer&#146;s subsidiaries, entities under common control and affiliates as defined under Rule 144 of the Securities Act of 1933, as amended. Such affiliates shall include the
professional corporations and associations whose operating results are consolidated with Employer for financial reporting purposes. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">1 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding the foregoing, Employer acknowledges and agrees to the following exceptions
and clarifications regarding the scope of Employer&#146;s Business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">A. <I>Practice Management Services. </I>Employer
acknowledges that, as of the date hereof, Employer&#146;s Business relates to the delivery of both professional and practice management services in the forgoing practice areas. Therefore, as of the date hereof, Employer acknowledges that it would
not be a violation of Section&nbsp;8.1 of the Agreement for Employee to provide services to a practice management company (such as a billing company or management services organization (MSO)) if such practice management company is not owned by,
affiliated with (as defined under Rule 144 of the Securities Act of 1933, as amended) or under common control with a health care provider that provides services in the medical services areas included in Employer&#146;s Business. Subject to paragraph
C below, the provisions of this paragraph shall not apply to the extent that, after the date hereof, Employer enters into a business that involves the delivery of practice management services to unrelated third parties. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">B. <I>Hospital Services. </I>Employer and Employee acknowledge that, as of the date hereof, Employer does not currently operate
hospitals, hospital systems or universities. Nevertheless, the businesses of hospitals, hospital systems and universities would be the same as Employer&#146;s Business where such hospitals, hospital systems or universities provide some or all of the
medical services included in Employer&#146;s Business. Therefore, the parties desire to clarify their intent with respect to the limitations on Employee&#146;s ability to work for a hospital, hospital system or university after termination of this
Agreement. Section&nbsp;8.1 shall not be deemed to restrict Employee&#146;s ability to work for a hospital, hospital system or university if the hospital, hospital system or university does not provide any of the medical services included in
Employer&#146;s Business. Furthermore, even if a hospital, hospital system or university provides medical services that are included in Employer&#146;s Business, </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Employee may work for such hospital, hospital system or university if (i)&nbsp;Employee has no direct supervisory responsibility for or involvement in the hospital&#146;s, hospital system&#146;s
or university&#146;s medical services that are Employer&#146;s Business, and (ii)&nbsp;Employee would not otherwise violate Section&nbsp;8.1(b). Finally, Employer agrees that Employee may hold direct supervisory responsibility for or be involved in
the medical services of a hospital, hospital system or university that are included in Employer&#146;s Business so long as such hospital, hospital system or university is located at least ten (10)&nbsp;miles from a medical practice owned or operated
by Employer or its affiliate. Subject to paragraph C below, the provisions of this paragraph shall not apply to the extent that, after the date hereof, Employer enters into the business of operating a hospital or health system. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">C. <I>DeMinimus Exception. </I>Employer agrees that a medical service line (other than those listed in items 1 through 5 above), practice
management service or other business entered into by Employer shall not be considered to be a part of Employer&#146;s Business if such medical service line, practice management service or other business constitutes less than Fifteen Million Dollars
($15,000,000) of Employer&#146;s annual revenues. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">D. <I>Certain Ownership Interests. </I>It shall not be deemed to be a
violation of Section&nbsp;8.1 for Employee to: (i)&nbsp;own, directly or indirectly, five percent (5%)&nbsp;or less of a publicly-traded entity; or (ii)&nbsp;own, directly or indirectly, less than five percent (5%)&nbsp;of a privately-held business
or company, if Employee is at all times a passive investor with no board representation, management authority or other special rights to control operations of such business. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>EXHIBIT B </I></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>FORM OF RELEASE </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><U>AGREEMENT OF GENERAL RELEASE </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Agreement of General Release
(&#147;General Release&#148;) is hereby made and entered into
between&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(&#147;Employer&#148;) and ROGER J. MEDEL, M.D. (&#147;Employee&#148;) to be effective as set forth in Section&nbsp;8 below. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">1. Employee, for himself and his family, heirs, executors, administrators, legal representatives and their respective successors and
assigns, in exchange for the consideration to be provided pursuant to Section&nbsp;5 of the Employment Agreement entered into by and between Employee and Mednax Services, Inc. (&#147;Employer&#148;). effective as of August &nbsp;&nbsp;&nbsp;&nbsp;,
2011, and as thereafter amended, (the &#147;Employment Agreement&#148;) hereby gives up, releases, and discharges Mednax, Inc. &#147;Mednax&#148;), its subsidiaries, affiliated companies, successors and assigns, and its current and former directors,
officers, employees, shareholders and agents in such capacities (collectively with Mednax, Inc, the &#147;Released Parties&#148;) from any and all rights and claims that Employee may have against the Released Parties as of the effective date of this
Agreement arising from or in connection with Employee&#146;s employment or termination of employment with Employer, including without limitation any and all rights and claims to or for attorneys&#146; fees, whether or not Employee presently is aware
of such rights or claims or suspects them to exist. These rights and claims include, but are not limited to, any and all rights and claims which Employee may have under, or arising out of, the Age Discrimination in Employment Act of 1967, as amended
(the &#147;ADEA&#148;); the Americans with Disabilities Act of 1990, as amended; the Family and Medical Leave Act; Title VII of the Civil Rights Act of 1964, as amended; and any other federal, state or local constitution, statute, ordinance,
executive order, or common law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">2. Notwithstanding anything in Paragraph 1 above to the contrary, this General Release shall
not apply to (i)&nbsp;any actions to enforce rights to receive any </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">1 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
payments or benefits which may be due Employee pursuant to Section&nbsp;5 of the Employment Agreement, or under any of Employer&#146;s employee benefit plans; (ii)&nbsp;any rights or claims that
may arise as a result of events occurring after the date this General Release is signed by Employee, (iii)&nbsp;any indemnification rights Employee may have as a former officer or director of Mednax or its subsidiaries or affiliated companies,
(iv)&nbsp;any claims for benefits under any directors&#146; and officers&#146; liability policy maintained by Mednax or its subsidiaries or affiliated companies in accordance with the terms of such policy, and (v)&nbsp;any rights Employee may have
as a holder of equity securities of Mednax . </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">3. Employee represents that he has not filed against the Released Parties any
complaints, charges, or lawsuits arising out of his employment, termination of employment, or any other matter arising on or prior to the date Employee signed this General Release, and covenants and agrees that he will never individually or with any
person or entity file, or commence the filing of, any charge, lawsuit, complaint or proceeding with any governmental agency, or against the Released Parties with respect to any of the matters released by Employee pursuant to Paragraph 1 hereof (a
&#147;Proceeding&#148;); <U>provided</U>, <U>however</U>, Employee retains the right to commence a Proceeding to challenge whether Employee knowingly and voluntarily waived his rights under ADEA. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4. Employee hereby shall have twenty-one (21)&nbsp;days to sign this General Release, but he may knowingly and voluntarily waive that
twenty-one (21)&nbsp;day period by signing this General Release earlier. Employee shall have seven (7)&nbsp;days following the date on which he signs this General Release within which he may revoke it by providing a written notice of his revocation
to Employer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5. This General Release will be governed by and construed and enforced in accordance with the internal laws of
the State of Florida applicable to contracts made and to be performed entirely within such State. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">6. Employee acknowledges that he has read this General Release, that he has been advised to
consult with an attorney before he signs this General Release, and that he understands all of its terms and signs it voluntarily and with full knowledge of its significance and the consequences thereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">7. If any provision of this General Release, or any part thereof, is determined to be invalid or unenforceable by a court having
jurisdiction in the matter, all of the remaining provisions and parts of this General Release shall remain fully enforceable. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8. This General Release shall take effect on the eighth day following Employee&#146;s signing it unless Employee&#146;s written
revocation is delivered to Employer within seven (7)&nbsp;days after Employee signs this General Release, in which case this General Release shall be null and void and of no legal effect. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EMPLOYER:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="text-indent:2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EMPLOYEE:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="7"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="7"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>MEDNAX, INC.</U></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">[Name]</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="text-indent:2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Roger J. Medel, M.D.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Date:</I></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="text-indent:2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Date:</I></FONT></P></TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000; text-indent:2.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>dex102.htm
<DESCRIPTION>RESTRICTED SHARES UNITS AGREEMENT
<TEXT>
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<TITLE>Restricted Shares Units Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 10.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>MEDNAX, INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>RESTRICTED SHARES UNITS AGREEMENT </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(this &#147;Agreement&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>FOR </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ROGER J. MEDEL, M.D. </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(the &#147;Recipient&#148;) </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">1. <U>Grant of Shares</U>. The Compensation Committee (the &#147;Committee&#148;) of the Board of Directors of Mednax, Inc. (the &#147;Company&#148;) has granted on August&nbsp;7, 2011 (the &#147;Date of
Grant&#148;), to the Recipient, Eighty Seven Thousand One Hundred Sixty (87,160)&nbsp;Restricted Share Units pursuant to the Company&#146;s 2008 Incentive Compensation Plan, as amended (the &#147;Plan&#148;), which is incorporated herein for all
purposes and which shall control in the event of any conflict between any other provision of this Agreement. The Recipient hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all of the terms and conditions hereof and thereof
and all applicable laws and regulations. Unless otherwise provided herein, terms used herein that are defined in the Plan and not defined herein shall have the meanings attributed thereto in the Plan. Each Restricted Share Unit granted hereunder
shall represent the right to receive one share of common stock, par value $.01 per share, of the Company and shall be for all purposes of the Plan, Deferred Stock. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">2. <U>Vesting of Restricted Share Units</U>. Except as otherwise provided herein, the Restricted Share Units granted hereunder shall vest as provided below. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Vesting After Satisfaction of Performance Criteria</U>. Subject to the prior satisfaction of the performance criteria set forth in
Section&nbsp;10 of this Agreement, the Restricted Share Units shall vest upon the occurrence of any of the following: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(1) twenty-five percent (25%)&nbsp;of the Restricted Share Units shall vest upon the Committee&#146;s certification that the Company&#146;s income from operations, as determined in accordance with
Generally Accepted Accounting Principles utilized by the Company in the preparation of its regularly prepared consolidated financial statements (such income from operations being referred to as &#147;GAAP Income From Operations&#148;), for any four
consecutive fiscal quarters of the Company which elapse during the performance period described in Section&nbsp;10(a) of this Agreement equals or exceeds $390,000,000; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2) fifty percent (50%)&nbsp;of the Restricted Share Units (inclusive of any Restricted Share Units that have or would
have vested pursuant to clause 1 above) shall vest upon the Committee&#146;s certification that the Company&#146;s GAAP Income From Operations for any four consecutive fiscal quarters of the Company which elapse during the performance period
described in Section&nbsp;10(a) of this Agreement equals or exceeds $430,000,000; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3) seventy-five percent
(75%)&nbsp;of the Restricted Share Units (inclusive of any Restricted Share Units that have or would have vested pursuant to clauses 1 and 2 above) shall vest upon the Committee&#146;s certification that the Company&#146;s GAAP Income From
Operations for any four consecutive fiscal quarters of the Company which elapse during the performance period described in Section&nbsp;10(a) of this Agreement equals or exceeds $475,000,000; and </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(4) one-hundred percent (100%)&nbsp;of the Restricted Share Units (inclusive of any Restricted Share Units that have or
would have vested pursuant to clauses 1, 2 and 3 above) shall vest upon the Committee&#146;s certification that the Company&#146;s GAAP Income From Operations for any four consecutive fiscal quarters of the Company which elapse during the
performance period described in Section&nbsp;10(a) of this Agreement equals or exceeds $525,000,000. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>Vesting in
Connection with Certain Termination Events</U>. (i)&nbsp;If the employment of Recipient is terminated pursuant to Section&nbsp;4.2 [Disability], Section&nbsp;4.3 [Death], Section&nbsp;4.4 [Termination by
</FONT></P>

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Employer Without Cause], Section&nbsp;4.5 [Poor Health] or Section&nbsp;4.7 [Termination by Employee for Good Reason] of the Employment Agreement, dated as of August&nbsp;7, 2011 between the
Recipient and Mednax Services, Inc. as in effect on the date hereof (the &#147;Employment Agreement&#148;), then the Restricted Share Units shall continue to vest in accordance with Section&nbsp;2(a) of this Agreement notwithstanding the fact that
such termination shall have occurred; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) If the employment of Recipient is terminated in circumstances in which
Section&nbsp;4.8 [Change in Control] of the Employment Agreement applies, then, irrespective of whether the performance criteria set forth in Section&nbsp;10 of this Agreement have been satisfied, the Restricted Share Units shall automatically vest
in full upon the date that such termination of employment is effective. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <U>Unvested Restricted Share Units</U>. As of
December&nbsp;31, 2018, any Restricted Share Units granted hereunder that are not then vested under subsections (a)&nbsp;or (b)&nbsp;above, and have not been forfeited as provided elsewhere in this Agreement, shall automatically and without notice
terminate, be forfeited and become null and void. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">3. <U>Forfeiture of Restricted Share Units</U>. If, prior to the vesting of
the Restricted Share Units granted hereunder, the Recipient breaches Section&nbsp;8 of the Employment Agreement during the Employment Period (as defined in the Employment Agreement), or is terminated pursuant to Section&nbsp;4.1 [Termination for
Cause] or 4.6 [Termination by Employee without Good Reason] of the Employment Agreement, all of the Restricted Share Units granted hereunder which have not vested at the time of such breach or termination, as the case may be, shall automatically and
without notice terminate, be forfeited and become null and void. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">4. <U>Payment of Restricted Share Units</U>. On or after the
date on which the Restricted Share Units granted hereunder vest pursuant to Section&nbsp;2 above, and subject to compliance with Section&nbsp;5 below, the Company shall promptly (and within two and one half (2 1/2) months after the Restricted Share
Units vest) cause a certificate or certificates to be issued for and with respect to all of the shares of common stock of the Company underlying said Restricted Share Units issued to the Recipient. Any certificate(s) issued to evidence those shares
shall bear those legends and endorsements that the Company shall deem necessary or appropriate (including those relating to restrictions on transferability and/or obligations and restrictions under the Securities Laws). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">5. <U>Tax Matters</U>. The Recipient shall, no later than ten (10)&nbsp;business days from the date as of which the Restricted Share
Units granted hereunder vest, pay to the Company, or make arrangements satisfactory to the Company for payment of, any federal, state or local taxes of any kind required by law to be withheld with respect to the Restricted Share Units granted
hereunder (including without limitation the vesting thereof). If the Recipient fails to comply with the tax obligations set forth in the immediately preceding sentence (the &#147;Tax Obligations&#148;), then the Recipient hereby irrevocably
authorizes and instructs a broker to be designated by the Company in its sole discretion to sell for the account of the Recipient a sufficient number of shares underlying the Restricted Share Units (based upon prevailing market prices at the time of
such sale) necessary to satisfy the Recipient&#146;s Tax Obligations, to remit to the Company the proceeds of such sale in such amount necessary to satisfy the Tax Obligations and to remit any balance resulting from such sale to the Recipient. In
furtherance of the above, the Recipient hereby irrevocably authorizes the Company to instruct the transfer agent to transfer a portion of Recipient&#146;s electronic shares to the designated broker in order to effectuate the sale of such shares
required to satisfy the Recipient&#146;s Tax Obligation. In addition, the Company shall, to the extent permitted by law, have the right to (a)&nbsp;deduct from any payment of any kind otherwise due to Recipient or (b)&nbsp;withhold and cancel an
amount of shares of Company common stock underlying a vesting Restricted Share Unit having a Fair Market Value, as of the applicable vesting date equal to, any federal, state, or local taxes of any kind required by law to be withheld with respect to
the Restricted Share Units (including without limitation the vesting thereof). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">6. <U>Non-Transferability of Restricted Share
Units</U>. The Restricted Share Units granted hereunder shall not be pledged, hypothecated or otherwise encumbered or subject to any lien, obligation or liability of the Recipient to any party (other than the Company or Related Entity), or assigned
or transferred by the Recipient otherwise than by will or the laws of descent and distribution or to a Beneficiary upon the death of the Recipient. A Beneficiary or other person claiming any rights under the Plan or this Agreement from or through
the Recipient shall be subject to all of the terms and conditions of the Plan and this Agreement, except as otherwise determined by the Committee, and to any additional terms and conditions deemed necessary or appropriate by the Committee. The
transfer by the </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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Recipient to a trust created by the Recipient for the benefit of the Recipient or the Recipient&#146;s family which is revocable at any and all times during the Recipient&#146;s lifetime by
Recipient (unless Recipient becomes incapacitated) and as to which the Recipient is the sole trustee during his lifetime (unless Recipient becomes incapacitated and cannot serve as trustee) will not be deemed to be a transfer for purposes of this
Section&nbsp;6; provided, however, that no transfer to such trust shall preclude the forfeiture of the Restricted Share Units granted hereunder under the provisions of Section&nbsp;2(a) or Section&nbsp;3 or Section&nbsp;10 of this Agreement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">7. <U>Amendment, Modification&nbsp;&amp; Assignment; Non-Transferability</U>. This Agreement may only be modified or amended
in a written document signed by the parties hereto. No promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, with respect to the subject matter
hereof, have been made by either party which are not set forth expressly in this Agreement. The rights and obligations created hereunder shall be binding on the Recipient and his heirs and legal representatives and on the successors and assigns of
the Company. Notwithstanding anything to the contrary in this Section&nbsp;7, the parties shall not be permitted to modify or amend this Agreement if the effect of such modification or amendment would be to violate the anti-discretion requirements
of Treasury Regulations Section&nbsp;1.1 62-27(e)(2)(iii). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">8. <U>Complete Agreement</U>. This Agreement (together with those
agreements and documents expressly referred to herein, for the purposes referred to herein) embody the complete and entire agreement and understanding between the parties with respect to the subject matter hereof, and supersede any and all prior
promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, which may relate to the subject matter hereof in any way. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">9. <U>Miscellaneous</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) <U>No Right to Continued Employment or Service</U>. This Agreement and the grant of Restricted Share Units hereunder shall not confer, or be construed to confer, upon the Recipient any right to
employment or service, or continued employment or service, with the Company or any Related Entity. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>No Limit on Other
Compensation Arrangements</U>. Nothing contained in this Agreement shall preclude the Company or any Related Entity from adopting or continuing in effect other or additional compensation plans, agreements or arrangements, and any such plans,
agreements and arrangements may be either generally applicable or applicable only in specific cases or to specific persons. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <U>Severability</U>. If any term or provision of this Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in
any jurisdiction or under any applicable law, rule or regulation, then such provision shall be construed or deemed amended to conform to applicable law (or if such provision cannot be so construed or deemed amended without materially altering the
purpose or intent of this Agreement and the grant of Restricted Share Units hereunder, such provision shall be stricken as to such jurisdiction and the remainder of this Agreement and the award hereunder shall remain in full force and effect).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) <U>No Trust or Fund Created</U>. Neither this Agreement nor the grant of Restricted Share Units hereunder shall create or
be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Related Entity and the Recipient or any other person. To the extent that the Recipient or any other person acquires a right to receive
payments from the Company or any Related Entity pursuant to this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(e) <U>Law Governing</U>. This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Florida (without reference to the conflict of laws rules or
principles thereof). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) <U>Interpretation</U>. This Agreement is subject to all of the terms, conditions and provisions of
the Plan, including, without limitation, the amendment provisions thereof, and to such rules, regulations and interpretations relating to the Plan adopted by the Committee as may be in effect from time to time. If and to the extent that the
Agreement conflicts or is inconsistent with the terms, conditions and provisions of the Plan, the Plan </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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shall control, and this Agreement shall be deemed to be modified accordingly. The Recipient accepts the Restricted Share Units granted hereunder subject to all of the terms, provisions and
restrictions of this Agreement and the Plan. The undersigned Recipient hereby accepts as binding, conclusive and final all decisions or interpretations of the Board or the Committee upon any questions arising under this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) <U>Headings</U>. Section, paragraph and other headings and captions are provided solely as a convenience to facilitate reference.
Such headings and captions shall not be deemed in any way material or relevant to the construction, meaning or interpretation of this Agreement or any term or provision hereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) <U>Notices</U>. Any notice under this Agreement shall be in writing and shall be deemed to have been duly given when delivered
personally or when deposited in the United States mail, registered, postage prepaid, and addressed, in the case of the Company, to the Company&#146;s General Counsel at 1301 Concord Terrace, Sunrise, FL 33323 or if the Company should move its
principal office, to such principal office, and, in the case of the Recipient, to the Recipient&#146;s last permanent address as shown on the Company&#146;s records, subject to the right of the Company to designate some other address at any time
hereafter in a notice satisfying the requirements of this Section. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) <U>Non-Waiver of Breach</U>. The waiver by any party
hereto of the other party&#146;s prompt and complete performance, or breach or violation, of any term or provision of this Agreement shall be effected solely in writing signed by such party, and shall not operate nor be construed as a waiver of any
subsequent breach or violation, and the waiver by any party hereto to exercise any right or remedy which he or it may possess shall not operate nor be construed as the waiver of such right or remedy by such party, or as a bar to the exercise of such
right or remedy by such party, upon the occurrence of any subsequent breach or violation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) <U>Counterparts</U>. This
Agreement may be executed in two or more separate counterparts, each of which shall be an original, and all of which together shall constitute one and the same agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">10. <U>Performance Awards</U>. Notwithstanding anything in this Agreement to the contrary, the award of Restricted Share Units under Section&nbsp;1, and the vesting of such award under Section&nbsp;2, are
intended to qualify as a &#147;Performance Award&#148; under Section&nbsp;6(h) of the Plan. In furtherance of this intent, the following requirements shall be satisfied: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Performance Period</U>. The Committee has specified in accordance with Section&nbsp;8(b) of the Plan that the &#147;performance period&#148; shall be the period commencing on October&nbsp;1, 2011
and ending on December&nbsp;31, 2018. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>Performance Criteria</U>. The Committee has specified in accordance with
Section&nbsp;8(b) of the Plan that the performance criteria that must be met are as set forth in Section&nbsp;2(a) of this Agreement . </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) <U>Vesting</U>. All Restricted Share Units granted hereunder shall vest as specified in Section&nbsp;2 of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) <U>Further Steps</U>. The Committee shall take all other steps as may be necessary under the Plan, and under Section&nbsp;162 (m)&nbsp;of the Internal Revenue Code of 1986 (the &#147;Code&#148;) and
the regulations thereunder to ensure that the award of Restricted Share Units, to the extent not otherwise forfeited under this Agreement, will be deductible by the Company under Code Section&nbsp;162(m). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>[Remainder of page left blank intentionally] </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have executed this
Agreement as of the date first written above. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Mednax, Inc.</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;/s/ Michael B. Fernandez</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Michael B. Fernandez</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Chairman, Compensation Committee</FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Agreed and Accepted:</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Recipient:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;/s/ Roger J. Medel, M.D.</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Roger J. Medel, M.D.</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>

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