<SEC-DOCUMENT>0000885978-24-000041.txt : 20240531
<SEC-HEADER>0000885978-24-000041.hdr.sgml : 20240531
<ACCEPTANCE-DATETIME>20240531160536
ACCESSION NUMBER:		0000885978-24-000041
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		18
CONFORMED PERIOD OF REPORT:	20240527
ITEM INFORMATION:		Entry into a Material Definitive Agreement
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:		20240531
DATE AS OF CHANGE:		20240531

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			U S PHYSICAL THERAPY INC /NV
		CENTRAL INDEX KEY:			0000885978
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HEALTH SERVICES [8000]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				760364866
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11151
		FILM NUMBER:		241009636

	BUSINESS ADDRESS:	
		STREET 1:		1300 WEST SAM HOUSTON PARKWAY
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043
		BUSINESS PHONE:		7132977000

	MAIL ADDRESS:	
		STREET 1:		1300 WEST SAM HOUSTON PARKWAY
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043
</SEC-HEADER>
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<div>UNITED STATES</div>
</div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">WASHINGTON, DC 20549</div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> <br/>
    </div>

    <div style="text-align: left;"><br/>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">FORM <ix:nonNumeric name="dei:DocumentType" id="Fact_5fa96d243ac448ee8b74046fe3a5885a" contextRef="c20240527to20240527">8-K</ix:nonNumeric></div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;"> <br/>
    </div>

    <div style="text-align: left;"><br/>
    </div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">CURRENT REPORT</span></div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Pursuant to Section&#160;13 or 15(d)</div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">of the Securities Exchange Act of 1934</div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> <br/>
    </div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Date of Report (Date of earliest event reported): <ix:nonNumeric name="dei:DocumentPeriodEndDate" id="Fact_8aed1d2af6e4442494b28c87f929d7f0" contextRef="c20240527to20240527" format="ixt:date-monthname-day-year-en">May 27, 2024</ix:nonNumeric></div>

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    </div>

    <div style="text-align: left;"><br/>
    </div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 24pt;"><span style="font-family: 'Times New Roman',serif; font-size: 24pt; font-weight: bold;">&#160;<span style="-sec-ix-hidden:Fact_3cdee8f3f6d541258eac2bf898d37043">U.S. PHYSICAL THERAPY, INC.</span></span></div>

    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>

    <div style="text-align: left;"><br/>
    </div>

    <div style="text-align: left;"><br/>
    </div>

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            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">(State or other jurisdiction</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">of incorporation or organization)</div>
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            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">(Commission</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">File Number)</div>
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    <td style="width: 1.12%; vertical-align: bottom;">&#160;</td>

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            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">(I.R.S. Employer</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">Identification No.)</div>
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    <td style="width: 50.44%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">(Address of Principal Executive Offices)</div>
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    <td style="width: 1.16%; vertical-align: bottom;">&#160;</td>

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            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">(Zip Code)</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Registrant's telephone number, including area code: (<ix:nonNumeric name="dei:CityAreaCode" id="Fact_10cd7891c64241c38e4c7688b872d934" contextRef="c20240527to20240527">713</ix:nonNumeric>) <ix:nonNumeric name="dei:LocalPhoneNumber" id="Fact_4ecdd961e4124d548b23ec2e26b841d2" contextRef="c20240527to20240527">297-7000</ix:nonNumeric></div>

    <div><br/>
    </div>

    <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">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 ( <span style="font-family: 'Times New Roman', serif; font-size: 10pt;"><span style="text-decoration: underline;">see</span></span> General Instruction A.2. below):</div>

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            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:WrittenCommunications" id="Fact_8d57a3cb44d5463a9a4d94abf3dd4e70" contextRef="c20240527to20240527" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric><br/>
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    <td style="width: 93.36%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>

  </tr>

  <tr>

    <td style="width: 6.64%; vertical-align: top;">&#160;</td>

    <td style="width: 93.36%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 6.64%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:SolicitingMaterial" id="Fact_cad8afba1b8145b9bb410a3eceb9a582" contextRef="c20240527to20240527" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric><br/>
            </div>
          </td>

    <td style="width: 93.36%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>

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  <tr>

    <td style="width: 6.64%; vertical-align: top;">&#160;</td>

    <td style="width: 93.36%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 6.64%; vertical-align: top;">
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          </td>

    <td style="width: 93.36%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>

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  <tr>

    <td style="width: 6.64%; vertical-align: top;">&#160;</td>

    <td style="width: 93.36%; vertical-align: top;">&#160;</td>

  </tr>

  <tr>

    <td style="width: 6.64%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" id="Fact_10f2212e72dc42958c737b8d332dde21" contextRef="c20240527to20240527" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric><br/>
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    <td style="width: 93.36%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>

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</table>
    <div style="text-align: left;"><br/>
    </div>

    <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">Securities registered pursuant to Section 12(b) of the Act:</div>

    <div><br/>
    </div>

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    <td style="width: 33.64%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #231F20; font-family: 'Times New Roman', serif; font-size: 10pt;">Title of each class</div>
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    <td style="width: 32.72%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #231F20; font-family: 'Times New Roman', serif; font-size: 10pt;">Trading Symbol(s)</div>
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    <td style="width: 33.64%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #231F20; font-family: 'Times New Roman', serif; font-size: 10pt;">Name of each exchange on which registered</div>
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  </tr>

  <tr>

    <td style="width: 33.64%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"><ix:nonNumeric name="dei:Security12bTitle" id="Fact_40226a61e5fc4be4ab78abd9c807747f" contextRef="c20240527to20240527">Common Stock, $.01 par value</ix:nonNumeric></div>
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    <td style="width: 32.72%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
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    <td style="width: 33.64%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"><ix:nonNumeric name="dei:SecurityExchangeName" id="Fact_f80e9a44279a4255a65b87a4f05660f1" contextRef="c20240527to20240527" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></div>
          </td>

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    <div><br/>
    </div>

    <div style="text-align: left; margin-right: 0.8pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
      (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>

    <div><br/>
    </div>

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    <td style="width: 18.34%; vertical-align: top;">&#160;</td>

    <td style="width: 22.5%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">Emerging growth company</div>
          </td>

    <td style="width: 59.16%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:EntityEmergingGrowthCompany" id="Fact_81f12b2687504c5d8f8d5b1048388096" contextRef="c20240527to20240527" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric><br/>
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    <div><br/>
    </div>

    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">


  <tr>

    <td style="width: 80.84%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
              with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.</div>
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    <td style="width: 19.16%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#9723;</div>
          </td>

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    <div>
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        <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">ITEM 1.01 &#160; Entry into a Material Definitive Agreement.</div>

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      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">&#160;</div>

      </div>

      <div>
        <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"><span style="font-family: 'Times New Roman',Times,serif; font-size: 1pt;">&#160;</span><span style="font-family: 'Times New Roman',Times,serif;">The information in Item 5.02 below is incorporated by reference into this Item 1.01.</span></div>

        <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"> <br/>
        </div>

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      <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 5.02 Departure of Directors or Certain Officers&#894; Election of Directors&#894; Appointment of Certain Officers&#894; Compensatory
        Arrangements of Certain Officers.</div>

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    <div> <span style="font-weight: bold;">Compensatory Arrangements of Executive Officers </span></div>

    <div><br/></div>

    <div style="text-align: left; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 10pt;">On May 27, 2024, U.S. Physical Therapy, Inc. (the &#8220;Company&#8221;) and each of its executive officers entered into an amendment to their respective
      employment agreements to amend and restate the terms of the severance and other benefits due to the executive in the event of a Termination Event, as defined in the employment agreements.&#160; Specifically, the employment agreements were amended to
      provide that, upon the occurrence of any such Termination Event, each executive is entitled to additional benefits of a pro rata portion of the awards under the then applicable subjective and objective incentive plans.&#160; The amendments were made to
      the employment agreements for Christopher Reading (Chairman and Chief Executive Officer), Eric Williams (President and Co-Chief Operating Officer), Graham Reeve (Co-Chief Operating Officer), Carey Hendrickson (Chief Financial Officer), and Rick
      Binstein (Executive Vice President, General Counsel and Secretary). &#160;&#160;&#160;&#160;&#160;</div>

    <div><br/>
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    <div style="text-align: left; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">The foregoing descriptions are qualified in entirety by reference to the full text of each of the amended employment agreements,
      which are filed as Exhibits 99.1, 99.2, 99.3, 99.4 and 99.5 respectively, to this Current Report on Form 8-K and are incorporated herein by reference.</div>

    <div><br/>
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    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">ITEM 9.01&#160;&#160; FINANCIAL STATEMENTS AND EXHIBITS</div>

    <div style="text-align: left;"><br/>
    </div>

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    <td style="width: 94%; vertical-align: middle;">&#160;</td>

  </tr>

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          </td>

    <td style="width: 0.22%; vertical-align: bottom;">&#160;</td>

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            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">Description of Exhibits</div>
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    <td colspan="2" style="width: 94.22%; vertical-align: middle;">&#160;</td>

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    <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"><a href="ex99-1htm.htm">99.1*</a></div>
          </td>

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    <td style="width: 94%; vertical-align: top;">
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">First Amendment to Third Amended and Restated Employment Agreement, entered into as of May 27, 2024, by and between the Company and
              Christopher Reading.</div>
          </td>

  </tr>


</table>
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  <tr>

    <td style="width: 5.78%; vertical-align: top;">
              <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"><a href="ex99-2.htm">99.2*</a></div>
            </td>

    <td style="width: 0.22%; vertical-align: bottom;">&#160;</td>

    <td style="width: 94%; vertical-align: top;">
              <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">First Amendment to Employment Agreement, entered into as of May 27, 2024, by and between the Company and Eric Williams.<br/>
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  </tr>


</table>
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    <div style="text-align: left;">
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  <tr>

    <td style="width: 5.78%; vertical-align: top;">
              <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"><a href="ex99-3.htm">99.3*</a></div>
            </td>

    <td style="width: 0.22%; vertical-align: bottom;">&#160;</td>

    <td style="width: 94%; vertical-align: top;">First Amendment to Amended and Restated Employment Agreement, entered into as of May 27, 2024, by and between the Company and Graham Reeve.<br/>
            </td>

  </tr>


</table>
    </div>

    <div style="text-align: left;">
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  <tr>

    <td style="width: 5.78%; vertical-align: top;">
              <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"><a href="ex99-4.htm">99.4*</a></div>
            </td>

    <td style="width: 0.22%; vertical-align: bottom;">&#160;</td>

    <td style="width: 94%; vertical-align: top;">First Amendment to Employment Agreement, entered into as of May 27, 2024, by and between the Company and Carey Hendrickson.</td>

  </tr>


</table>
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    <div style="text-align: left;">
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  <tr>

    <td style="width: 5.78%; vertical-align: top;">
              <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"><a href="ex99-5.htm">99.5*</a></div>
            </td>

    <td style="width: 0.22%; vertical-align: bottom;">&#160;</td>

    <td style="width: 94%; vertical-align: top;">First Amendment to Amended and Restated Employment Agreement, entered into as of May 27, 2024, by and between the Company and Richard Binstein.</td>

  </tr>


</table>
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    <div style="text-align: left;"> <br/>
    </div>

    <div style="text-align: left;">* Filed herewith<br/>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">SIGNATURE</div>

    <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">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.</div>

    <div style="text-align: left;"><br/>
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    <td style="width: 8.66%; vertical-align: middle;">&#160;</td>

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            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">U.S. PHYSICAL THERAPY, INC.</div>
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            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">Dated: May 31, 2024<br/>
            </div>
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    <td style="width: 3.95%; vertical-align: top;">&#160;</td>

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            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">By:</div>
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            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ CAREY HENDRICKSON</div>
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    <td style="width: 1.07%; vertical-align: bottom;">&#160;</td>

    <td style="width: 3.95%; vertical-align: top;">&#160;</td>

    <td style="width: 0.88%; vertical-align: bottom;">&#160;</td>

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            <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">Carey Hendrickson<br/>
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    <td style="width: 8.66%; vertical-align: top;">&#160;</td>

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    <td style="width: 8.66%; vertical-align: top;">&#160;</td>

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<DOCUMENT>
<TYPE>EX-99.1
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<html>
  <head>
    <title></title>
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    <div style="text-align: center; text-indent: 36pt; margin-left: 288pt; margin-bottom: 8pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Exhibit 99.1</div>
    <div style="margin-bottom: 8pt;">
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">FIRST AMENDMENT TO THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT</div>
    </div>
    <br>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Amendment</u></font>&#8221;) is made and entered into as of the 27th day of May, 2024 (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Effective Date</u></font>&#8221;), by and between U.S. Physical
      Therapy, Inc. (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Company</u></font>&#8221;) <font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">and Chris Reading </font>(&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Employee</u></font>&#8221;).</div>
    <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;"><u>R E C I T A L S</u></div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee have entered into that certain Third Amended and Restated Employment Agreement, dated as of May 21, 2019 (the
      &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Agreement</u></font>&#8221;); and</div>
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    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee wish to amend certain terms of the Agreement;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">NOW, THEREFORE, in consideration of the mutual covenants, agreements, terms and conditions contained herein and other good
      and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">1.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Section 9.B. of the Agreement is hereby deleted and substituted in its entirety with the following:</font></div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">B. Special Benefit in the Event of Termination Without Cause or Resignation for Good Cause.</div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">In the event of the termination of employment of Employee by Employer without &#8220;cause&#8221; as cause is defined in Section 8(c)
      hereof, or the resignation of employment by Employee &#8220;for good reason&#8221; as defined in Section 9 F. hereof (in either case, a &#8220;Termination Event&#8221;), Employee shall be entitled to the following special benefits:</div>
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              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(i)</div>
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            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">Two (2) year&#8217;s Base Compensation; and</div>
            </td>
          </tr>

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            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(ii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(ii) The greater of (i) the bonus paid or payable to Employee with respect to last fiscal year of Employer completed prior to the
                occurrence of the Termination Event or (ii) the average of the bonuses paid to Employee over the three (3) fiscal years of Employer ending with last fiscal year of Employer completed prior to the occurrence of the Termination Event; and</div>
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          </tr>

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            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(iii)</div>
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            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(a) For any fiscal year completed prior to the Termination Event for which a cash bonus and restricted share grants awardable under
                the applicable incentive plan for such fiscal year has not been both determined and paid/granted, as applicable, Employee shall receive (1) 100% of the subjective cash and 100% of the subjective restricted share awards for which Employee
                was eligible under such plan, and (2) cash and restricted shares awards under the objective portion of such plans based on the actual objective performance of Employer for such plan year; and</div>
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          </tr>

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    <div style="text-align: justify; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(b) For any Termination Event which occurs during the final six (6) months of the applicable fiscal year, Employee shall
      receive (1) a pro rata portion of the subjective cash and the subjective restricted share awards for which Employee was eligible under the applicable incentive plan for such fiscal year, based on the portion of the fiscal year that has transpired as
      of the Termination Event, and (2) a pro rata portion of the objective cash and of the objective restricted share awards for which Employee was eligible under such plan, based on the portion of the fiscal year that has transpired as of the Termination
      Event and the actual objective performance of Employer for the full plan year, once determined.</div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(iv)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Employee&#8217;s accrued but unused vacation days; and</font></div>
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          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 10pt;">(v)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: 'Times New Roman', serif; font-size: 10pt;">All Restricted Stock owned by Employee shall immediately become Vested Shares, as such term is defined in the applicable grant agreement and plan documents.</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The aggregate dollar amount of the special benefits described in subsections (i), (ii) and (iii) above shall be aggregated
      and paid ratably on a bi-weekly basis over the 24 month period following the Termination Event; the restricted stock to be granted pursuant to subsection (iii) above shall be granted once determined and shall be Vested Shares (as defined in the
      incentive plan for the applicable fiscal year).&#160; If a Change in Control has occurred within six months after, or within twelve months prior to a Termination Event, Employee shall also be entitled to the special benefits under this Section 9.B (in
      addition to the benefits otherwise provided in Section 9.A.).</div>
    <table cellspacing="0" cellpadding="0" id="z892261ff68374dfc85943c148d1b0cff" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 10pt;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Ratification and Affirmation</u></font>.&#160; Except as otherwise provided herein, all other terms and
              conditions of the Agreement remain in full force and effect.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: left; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 10pt;">IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above written.</div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">COMPANY:</div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt;">U.S. PHYSICAL THERAPY, INC.</div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 216pt; font-family: 'Times New Roman',serif; font-size: 10pt;">By: <font style="font-family: 'Times New Roman',serif; font-size: 10pt;"><u>/s/ Richard Binstein</u></font></div>
    <div style="text-align: left; text-indent: 216pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Richard Binstein, Executive Vice President</div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">EMPLOYEE:</div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 216pt; font-family: 'Times New Roman',serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160; <u>/</u><u>s/ Christopher J. Reading</u></div>
    <div style="text-align: left; text-indent: 216pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Christopher J.&#160; Reading</div>
    <div style="text-align: left; text-indent: 216pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: left; text-indent: 216pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"> <br>
    </div>
    <br>
    <div><br>
    </div>
    <br>
    <div>
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;"><br>
      </div>
      <br>
      <div><font style="font-family: 'Times New Roman',serif; font-size: 12pt;"><br>
        </font> </div>
      <font style="font-family: 'Times New Roman',serif; font-size: 12pt;"> </font>
      <div><font style="font-family: 'Times New Roman',serif; font-size: 12pt;"><br>
        </font> </div>
      <font style="font-family: 'Times New Roman',serif; font-size: 12pt;"> </font><br>
    </div>
  </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ex99-2.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: U.S. PHYSICAL THERAPY, INC.
         Document created using Broadridge PROfile 24.3.1.5224
         Copyright 1995 - 2024 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div><br>
    </div>
    <div style="text-align: center; text-indent: 324pt; margin-top: 12pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Exhibit 99.2</div>
    <br>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">FIRST AMENDMENT TO EMPLOYMENT AGREEMENT</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Amendment</u></font>&#8221;)



      is made and entered into as of the 27th day of May, 2024 (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Effective Date</u></font>&#8221;), by and between U.S. Physical Therapy, Inc. (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Company</u></font>&#8221;) <font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">and Eric Williams </font>(&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Employee</u></font>&#8221;).</div>
    <div style="text-align: left; text-indent: 36pt; margin-left: 144pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;"><u>R E C I T A L S</u></div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee have entered into that certain Employment Agreement, dated as of December 3, 2020 (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Agreement</u></font>&#8221;); and</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee wish to amend certain terms of the Agreement;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">NOW, THEREFORE, in consideration of the mutual covenants, agreements, terms and conditions contained herein and other good
      and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">1.</font><font style="text-indent: 0px; font-size: 5.14pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Section 9.B. of the Agreement is hereby deleted and substituted in its entirety with the following:</font></div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">B. Special Benefit in the Event of Termination Without Cause or Resignation for Good Cause.</div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">In the event of the termination of employment of Employee by Employer without &#8220;cause&#8221; as cause is defined in Section 8(c)
      hereof, or the resignation of employment by Employee &#8220;for good reason&#8221; as defined in Section 9 F. hereof (in either case, a &#8220;Termination Event&#8221;), Employee shall be entitled to the following special benefits:</div>
    <div>
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            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(i)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">Two (2) year&#8217;s Base Compensation; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb7018fad3f5b4043931099ed34b80b81">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(ii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The greater of (i) the bonus paid or payable to Employee with respect to last fiscal year of Employer completed prior to the
                occurrence of the Termination Event or (ii) the average of the bonuses paid to Employee over the three (3) fiscal years of Employer ending with last fiscal year of Employer completed prior to the occurrence of the Termination Event; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0b683ac8a696441aa9affa188e5874d5">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(iii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(a) For any fiscal year completed prior to the Termination Event for which a cash bonus and restricted share grants awardable under
                the applicable incentive plan for such fiscal year has not been both determined and paid/granted, as applicable, Employee shall receive (1) 100% of the subjective cash and 100% of the subjective restricted share awards for which Employee
                was eligible under such plan, and (2) cash and restricted shares awards under the objective portion of such plans based on the actual objective performance of Employer for such plan year; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(b) For any Termination Event which occurs during the final six (6) months of the applicable fiscal year, Employee shall
      receive (1) a pro rata portion of the subjective cash and the subjective restricted share awards for which Employee was eligible under the applicable incentive plan for such fiscal year, based on the portion of the fiscal year that has transpired as
      of the Termination Event, and (2) a pro rata portion of the objective cash and of the objective restricted share awards for which Employee was eligible under such plan, based on the portion of the fiscal year that has transpired as of the Termination
      Event and the actual objective performance of Employer for the full plan year, once determined.</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z261d8f0941fc45229b13c2e9ee3022a8">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(iv)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">Employee&#8217;s accrued but unused vacation days; and</div>
            </td>
          </tr>

      </table>
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    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb005d8f882ba49ea99efae659d5a8455">

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            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(v)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">All Restricted Stock owned by Employee shall immediately become Vested Shares, as such term is defined in the applicable grant
                agreement and plan documents.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The aggregate dollar amount of the special benefits described in subsections (i), (ii) and (iii) above shall be aggregated
      and paid ratably on a bi-weekly basis over the 24 month period following the Termination Event; the restricted stock to be granted pursuant to subsection (iii) above shall be granted once determined and shall be Vested Shares (as defined in the
      incentive plan for the applicable fiscal year).&#160; If a Change in Control has occurred within six months after, or within twelve months prior to a Termination Event, Employee shall also be entitled to the special benefits under this Section 9.B (in
      addition to the benefits otherwise provided in Section 9.A.).</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4970f983da1244a89051c40b3feedc14">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 10pt;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Ratification and Affirmation</u></font>.&#160; Except as otherwise provided herein, all other terms and
              conditions of the Agreement remain in full force and effect.</div>
          </td>
        </tr>

    </table>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div style="text-align: left; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 10pt;">IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above written.</div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z468602bf5a5348279e326bbae9b6d6f7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">COMPANY:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;">U.S. PHYSICAL THERAPY, INC.</div>
            </td>
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            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;">By:</div>
            </td>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;"><u>/s/ Christoher J. Reading</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;&#160;&#160;&#160; Christopher J. Reading, CEO</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">EMPLOYEE:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 10pt;"><u>/s/ Eric Williams</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160; Eric Williams</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <br>
  </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>ex99-3.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: U.S. PHYSICAL THERAPY, INC.
         Document created using Broadridge PROfile 24.3.1.5224
         Copyright 1995 - 2024 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div><br>
    </div>
    <div style="text-align: center; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;"><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; </font>Exhibit 99.3</div>
    <br>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">THIS FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Amendment</u></font>&#8221;) is made and entered into as of the 27th day of May, 2024 (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Effective Date</u></font>&#8221;), by and between U.S. Physical Therapy, Inc.
      (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Company</u></font>&#8221;) <font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">and Graham Reeve </font>(&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Employee</u></font>&#8221;).</div>
    <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;"><u>R E C I T A L S</u></div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee have entered into that certain Amended and Restated Employment Agreement, dated as of May 21, 2019 (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Agreement</u></font>&#8221;); and</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee wish to amend certain terms of the Agreement;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">NOW, THEREFORE, in consideration of the mutual covenants, agreements, terms and conditions contained herein and other good
      and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">1.</font><font style="text-indent: 0px; font-size: 5.14pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Section 9.A. of the Agreement is hereby deleted and substituted in its entirety with the following:</font></div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z902c64c883b34683ae57121eea25a028">

          <tr>
            <td style="width: 90pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">A.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">Special Benefits in the Event of Termination Without Cause or Resignation for Good Cause.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">In the event of the termination of employment of Employee by Employer without &#8220;cause as cause is defined in Section 8(c)
      hereof, or the resignation of employment by Employee&#160; &#8220;for good reason&#8221; as defined in Section 9 D. hereof (in either case, a &#8220;Termination Event&#8221;), Employee shall be entitled to the following special benefits:</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze30814802aa1424e8727238532eb23a6">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(i)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">Two (2) years&#8217; Base Compensation; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd5ec79148d7641cc943b51699cfe0df0">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(ii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The greater of (i) the bonus paid or payable to Employee with respect to last fiscal year of Employer completed prior to the
                occurrence of the Termination Event or (ii) the average of the bonuses paid to Employee over the three (3) fiscal years of Employer ending with last fiscal year of Employer completed prior to the occurrence of the Termination Event; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2a2265b88cc149cbaea2c0c2f1b5808a">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(iii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(a) For any fiscal year completed prior to the Termination Event for which a cash bonus and restricted share grants awardable under
                the applicable incentive plan for such fiscal year has not been both determined and paid/granted, as applicable, Employee shall receive (1) 100% of the subjective cash and 100% of the subjective restricted share awards for which Employee
                was eligible under such plan, and (2) cash and restricted shares awards under the objective portion of such plans based on the actual objective performance of Employer for such plan year; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(b) For any Termination Event which occurs during the final six (6) months of the applicable fiscal year, Employee shall
      receive (1) a pro rata portion of the subjective cash and the subjective restricted share awards for which Employee was eligible under the applicable incentive plan for such fiscal year, based on the portion of the fiscal year that has transpired as
      of the Termination Event, and (2) a pro rata portion of the objective cash and of the objective restricted share awards for which Employee was eligible under such plan, based on the portion of the fiscal year that has transpired as of the Termination
      Event and the actual objective performance of Employer for the full plan year, once determined.</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc731846f2c85436e84a1e241ad5315b4">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(iv)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">Employee&#8217;s accrued but unused vacation days; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z03f5438eedc24ed49fd6829e1c032f98">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(v)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">All Restricted Stock owned by Employee shall immediately become Vested Shares, as such term is defined in the applicable grant
                agreement and plan documents</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The aggregate dollar amount of the special benefits described in subsections (i), (ii) and (iii)&#160; above shall be
      aggregated and paid ratably on a bi-weekly basis over the 24 month period following the Termination Event; the restricted stock to be granted pursuant to subsection (iii) above shall be granted once determined and shall be Vested Shares (as defined
      in the incentive plan for the applicable fiscal year).</div>
    <div style="text-align: justify; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">If a Change in Control has occurred within six (6) months after, or within twelve (12) months prior to a Termination
      Event, Employee also shall be entitled to a Change of Control benefit of $283,333.00.&#160; For purposes hereof, a &#8220;Change in Control&#8221; is defined as:</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z554446f66cfe41c2998da7874492344d">

          <tr>
            <td style="width: 144pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(i)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The transfer or sale by Employer of all or substantially all of the assets of Employer whether or not this Agreement is assigned or
                transferred as a part of such sale;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za4be2000273c48b484572fc09dc9be4c">

          <tr>
            <td style="width: 144pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(ii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The transfer or sale of more than fifty percent (50%) of the outstanding shares of Common Stock of Employer;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf7828fc6b8944dc28d3be16b209b1b6a">

          <tr>
            <td style="width: 144pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(iii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">A merger or consolidation involving Employer in a transaction in which the shareholders of Employer immediately prior to the merger
                or consolidation own less than fifty percent (50%) of the company surviving the merger or consolidation; or</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9e6257d4096a4381a3c3c2c6e4465fec">

          <tr>
            <td style="width: 144pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(iv)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">A merger or consolidation involving Employer in a transaction in which the board members of Employer after the merger or
                consolidation constitute less than fifty percent (50%) of the board of the company surviving the merger or consolidation; or</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za2ec177dc8ad490faa24119a6cee939f">

          <tr>
            <td style="width: 144pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(v)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The voluntary or involuntary dissolution of Employer.</div>
            </td>
          </tr>

      </table>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2bfdd1d3e25f4d9ea5dfddaf230ea3bb">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 10pt;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Ratification and Affirmation</u></font>.&#160; Except as otherwise provided herein, all other terms and
              conditions of the Agreement remain in full force and effect.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: left; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 10pt;">IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above written.</div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">COMPANY:</div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt;">U.S. PHYSICAL THERAPY, INC.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 216pt; font-family: 'Times New Roman',serif; font-size: 10pt;">By:<font style="font-family: 'Times New Roman',serif; font-size: 10pt;"><u> /s/ Christopher J. Reading</u></font></div>
    <div style="text-align: left; text-indent: 216pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-size: 10pt;"><font style="font-family: 'Times New Roman',serif; font-size: 10pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Christopher J.&#160;
      Reading, Chief Executive Officer</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">EMPLOYEE:</div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 216pt;"><font style="font-family: 'Times New Roman',serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;<u> /s/ Graham Reeve</u></font><font style="text-indent: 0px; font-size: 5.04pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
    <div style="text-align: left;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; &#160; Graham Reeve </div>
    <div><br>
    </div>
    <br>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div style="text-align: left; margin-left: 36pt;">
      <div><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><br>
      </div>
    </div>
    <div style="text-align: left; margin-left: 5.35pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
      <div><br>
      </div>
      <br>
    </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>5
<FILENAME>ex99-4.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: U.S. PHYSICAL THERAPY, INC.
         Document created using Broadridge PROfile 24.3.1.5224
         Copyright 1995 - 2024 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div><br>
    </div>
    <div style="text-align: center; margin-top: 12pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;"><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;


        &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Exhibit 99.4</div>
    <br>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">FIRST AMENDMENT TO EMPLOYMENT AGREEMENT</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Amendment</u></font>&#8221;)


      is made and entered into as of the 27th day of May, 2024 (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Effective Date</u></font>&#8221;), by and between U.S. Physical Therapy, Inc. (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Company</u></font>&#8221;) <font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">and Carey Hendrickson </font>(&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Employee</u></font>&#8221;).</div>
    <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;"><u>R E C I T A L S</u></div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee have entered into that certain Employment Agreement, dated as of November 9, 2020 (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Agreement</u></font>&#8221;); and</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee wish to amend certain terms of the Agreement;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">NOW, THEREFORE, in consideration of the mutual covenants, agreements, terms and conditions contained herein and other good
      and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">1.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Section 9.B. of the Agreement is hereby deleted and substituted in its entirety with the following:</font></div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">B. Special Benefit in the Event of Termination Without Cause or Resignation for Good Cause.</div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">In the event of the termination of employment of Employee by Employer without &#8220;cause&#8221; as cause is defined in Section 8(c)
      hereof, or the resignation of employment by Employee &#8220;for good reason&#8221; as defined in Section 9 F. hereof (in either case, a &#8220;Termination Event&#8221;), Employee shall be entitled to the following special benefits:</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z1405dcbadba44a24a62ca644a180a335" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(i)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">Two (2) year&#8217;s Base Compensation; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z3f59f3e069104fe09aa989d9aaf480e4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(ii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The greater of (i) the bonus paid or payable to Employee with respect to last fiscal year of Employer completed prior to the
                occurrence of the Termination Event or (ii) the average of the bonuses paid to Employee over the three (3) fiscal years of Employer ending with last fiscal year of Employer completed prior to the occurrence of the Termination Event; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="za412f548e02947fd9fc65b03678d9bc2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt; vertical-align: top; text-align: right;">
              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(iii)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(a) For any fiscal year completed prior to the Termination Event for which a cash bonus and restricted share grants awardable under
                the applicable incentive plan for such fiscal year has not been both determined and paid/granted, as applicable, Employee shall receive (1) 100% of the subjective cash and 100% of the subjective restricted share awards for which Employee
                was eligible under such plan, and (2) cash and restricted shares awards under the objective portion of such plans based on the actual objective performance of Employer for such plan year; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(b) For any Termination Event which occurs during the final six (6) months of the applicable fiscal year, Employee shall
      receive (1) a pro rata portion of the subjective cash and the subjective restricted share awards for which Employee was eligible under the applicable incentive plan for such fiscal year, based on the portion of the fiscal year that has transpired as
      of the Termination Event, and (2) a pro rata portion of the objective cash and of the objective restricted share awards for which Employee was eligible under such plan, based on the portion of the fiscal year that has transpired as of the Termination
      Event and the actual objective performance of Employer for the full plan year, once determined.</div>
    <div>
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              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">All Restricted Stock owned by Employee shall immediately become Vested Shares, as such term is defined in the applicable grant
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    <div style="text-align: justify; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The aggregate dollar amount of the special benefits described in subsections (i), (ii) and (iii) above shall be
      aggregated and paid ratably on a bi-weekly basis over the 24 month period following the Termination Event; the restricted stock to be granted pursuant to subsection (iii) above shall be granted once determined and shall be Vested Shares (as defined
      in the incentive plan for the applicable fiscal year).&#160; If a Change in Control has occurred within six months after, or within twelve months prior to a Termination Event, Employee shall also be entitled to the special benefits under this Section 9.B
      (in addition to the benefits otherwise provided in Section 9.A.).</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Ratification and Affirmation</u></font>.&#160; Except as otherwise provided herein, all other terms and
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    <div style="text-align: left; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 10pt;">IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above written.</div>
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    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">COMPANY:</div>
    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt;">U.S. PHYSICAL THERAPY, INC.</div>
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    <div style="text-align: justify; text-indent: 216pt; font-family: 'Times New Roman', serif; font-size: 10pt;">By:<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u> /s/ Christopher J. Reading</u></font></div>
    <div style="text-align: left; text-indent: 216pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Christopher J. Reading, CEO</div>
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    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">EMPLOYEE:</div>
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    <div style="text-align: justify; text-indent: 216pt; font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;<u> /s/ Carey Hendrickson</u></div>
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Carey Hendrickson
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    <div style="text-align: left; text-indent: 36pt; margin-left: 360pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;"><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;

        &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Exhibit 99.5</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT</div>
    <div><br>
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    <div><br>
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    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">THIS FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Amendment</u></font>&#8221;) is made and entered into as of the 27th day of May, 2024 (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Effective Date</u></font>&#8221;), by and between U.S. Physical Therapy, Inc.
      (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Company</u></font>&#8221;) <font style="font-family: 'Times New Roman', serif; font-size: 10pt; color: #000000;">and Richard Binstein </font>(&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Employee</u></font>&#8221;).</div>
    <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;"><u>R E C I T A L S</u></div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee have entered into that certain Amended and Restated Employment Agreement, dated as of March 23, 2022 (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Agreement</u></font>&#8221;); and</div>
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    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">WHEREAS, the Company and Employee wish to amend certain terms of the Agreement;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">NOW, THEREFORE, in consideration of the mutual covenants, agreements, terms and conditions contained herein and other good
      and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:</div>
    <div style="text-align: justify; margin-left: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">1.</font><font style="text-indent: 0px; font-size: 5.14pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Section 9.B. of the Agreement is hereby deleted and substituted in its entirety with the following:</font></div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">B.</font><font style="text-indent: 0px; font-size: 5.14pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Special Benefit in the Event of Termination Without Cause or Resignation for Good Cause.</font></div>
    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">In the event of the termination of employment of Employee by Employer without &#8220;cause&#8221; as cause is defined in Section 8(c)
      hereof, or the resignation of employment by Employee &#8220;for good reason&#8221; as defined in Section 9 F. hereof (in either case, a &#8220;Termination Event&#8221;), Employee shall be entitled to the following special benefits:</div>
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              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(i)</div>
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              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">Two (2) year&#8217;s Base Compensation; and</div>
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              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(ii)</div>
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              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(ii) The greater of (i) the bonus paid or payable to Employee with respect to last fiscal year of Employer completed prior to the
                occurrence of the Termination Event or (ii) the average of the bonuses paid to Employee over the three (3) fiscal years of Employer ending with last fiscal year of Employer completed prior to the occurrence of the Termination Event; and</div>
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              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(iii)</div>
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              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(a) For any fiscal year completed prior to the Termination Event for which a cash bonus and restricted share grants awardable under
                the applicable incentive plan for such fiscal year has not been both determined and paid/granted, as applicable, Employee shall receive (1) 100% of the subjective cash and 100% of the subjective restricted share awards for which Employee
                was eligible under such plan, and (2) cash and restricted shares awards under the objective portion of such plans based on the actual objective performance of Employer for such plan year; and</div>
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    <div style="text-align: justify; margin-left: 108pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(b) For any Termination Event which occurs during the final six (6) months of the applicable fiscal year, Employee shall
      receive (1) a pro rata portion of the subjective cash and the subjective restricted share awards for which Employee was eligible under the applicable incentive plan for such fiscal year, based on the portion of the fiscal year that has transpired as
      of the Termination Event, and (2) a pro rata portion of the objective cash and of the objective restricted share awards for which Employee was eligible under such plan, based on the portion of the fiscal year that has transpired as of the Termination
      Event and the actual objective performance of Employer for the full plan year, once determined.</div>
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              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">Employee&#8217;s accrued but unused vacation days; and</div>
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              <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">(v)</div>
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              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">All Restricted Stock owned by Employee shall immediately become Vested Shares, as such term is defined in the applicable grant
                agreement and plan documents.</div>
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    <div style="text-align: justify; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 10pt;">The aggregate dollar amount of the special benefits described in subsections (i), (ii) and (iii) above shall be aggregated
      and paid ratably on a bi-weekly basis over the 24 month period following the Termination Event; the restricted stock to be granted pursuant to subsection (iii) above shall be granted once determined and shall be Vested Shares (as defined in the
      incentive plan for the applicable fiscal year).&#160; If a Change in Control has occurred within six months after, or within twelve months prior to a Termination Event, Employee shall also be entitled to the special benefits under this Section 9.B (in
      addition to the benefits otherwise provided in Section 9.A.).</div>
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          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 10pt;">2.</td>
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            <div style="font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Ratification and Affirmation</u></font>.&#160; Except as otherwise provided herein, all other terms and
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    <div style="text-align: left; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-size: 10pt;">IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above written.</div>
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    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">COMPANY:</div>
    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt;">U.S. PHYSICAL THERAPY, INC.</div>
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    <div style="text-align: justify; text-indent: 216pt; font-family: 'Times New Roman', serif; font-size: 10pt;">By:&#160;&#160; <font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>/s/ Christopher J. Reading</u></font></div>
    <div style="text-align: left; text-indent: 216pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Christopher J. Reading, CEO</div>
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    <div style="text-align: left; text-indent: 36pt; margin-right: 72pt; margin-left: 180pt; font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">EMPLOYEE:</div>
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    <div style="text-align: justify; text-indent: 216pt; font-family: 'Times New Roman', serif; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u> /s/ Richard Binstein</u></div>
    <div style="text-align: justify; text-indent: 216pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Richard
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>8
<FILENAME>usph-20240527_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--Generated by Broadridge PROfile 24.3.1.5224 Broadridge-->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract" xlink:label="CoverAbstract" xlink:title="CoverAbstract" />
    <link:label xlink:type="resource" xlink:label="dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_CoverAbstract" xml:lang="en-US" id="dei_CoverAbstract">Cover [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoverAbstract" xlink:to="dei_CoverAbstract" xlink:title="label: CoverAbstract to dei_CoverAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentType" xml:lang="en-US" id="dei_DocumentType">Document Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="dei_DocumentType" xlink:title="label: DocumentType to dei_DocumentType" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="WrittenCommunications" xlink:title="WrittenCommunications" />
    <link:label xlink:type="resource" xlink:label="dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_WrittenCommunications" xml:lang="en-US" id="dei_WrittenCommunications">Written Communications</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WrittenCommunications" xlink:to="dei_WrittenCommunications" xlink:title="label: WrittenCommunications to dei_WrittenCommunications" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="SolicitingMaterial" xlink:title="SolicitingMaterial" />
    <link:label xlink:type="resource" xlink:label="dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_SolicitingMaterial" xml:lang="en-US" id="dei_SolicitingMaterial">Soliciting Material</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SolicitingMaterial" xlink:to="dei_SolicitingMaterial" xlink:title="label: SolicitingMaterial to dei_SolicitingMaterial" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="PreCommencementTenderOffer" xlink:title="PreCommencementTenderOffer" />
    <link:label xlink:type="resource" xlink:label="dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementTenderOffer" xml:lang="en-US" id="dei_PreCommencementTenderOffer">Pre-commencement Tender Offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer" xlink:title="label: PreCommencementTenderOffer to dei_PreCommencementTenderOffer" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="PreCommencementIssuerTenderOffer" xlink:title="PreCommencementIssuerTenderOffer" />
    <link:label xlink:type="resource" xlink:label="dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementIssuerTenderOffer" xml:lang="en-US" id="dei_PreCommencementIssuerTenderOffer">Pre-commencement Issuer Tender Offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer" xlink:title="label: PreCommencementIssuerTenderOffer to dei_PreCommencementIssuerTenderOffer" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_AmendmentFlag" xml:lang="en-US" id="dei_AmendmentFlag">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="dei_AmendmentFlag" xlink:title="label: AmendmentFlag to dei_AmendmentFlag" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentFiscalYearFocus" xml:lang="en-US" id="dei_DocumentFiscalYearFocus">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus" xlink:title="label: DocumentFiscalYearFocus to dei_DocumentFiscalYearFocus" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentFiscalPeriodFocus" xml:lang="en-US" id="dei_DocumentFiscalPeriodFocus">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus" xlink:title="label: DocumentFiscalPeriodFocus to dei_DocumentFiscalPeriodFocus" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentPeriodEndDate" xml:lang="en-US" id="dei_DocumentPeriodEndDate">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate" xlink:title="label: DocumentPeriodEndDate to dei_DocumentPeriodEndDate" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityRegistrantName" xml:lang="en-US" id="dei_EntityRegistrantName">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="dei_EntityRegistrantName" xlink:title="label: EntityRegistrantName to dei_EntityRegistrantName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityCentralIndexKey" xml:lang="en-US" id="dei_EntityCentralIndexKey">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey" xlink:title="label: EntityCentralIndexKey to dei_EntityCentralIndexKey" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
    <link:label xlink:type="resource" xlink:label="dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityFileNumber" xml:lang="en-US" id="dei_EntityFileNumber">Entity File Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFileNumber" xlink:to="dei_EntityFileNumber" xlink:title="label: EntityFileNumber to dei_EntityFileNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="EntityTaxIdentificationNumber" xlink:title="EntityTaxIdentificationNumber" />
    <link:label xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityTaxIdentificationNumber" xml:lang="en-US" id="dei_EntityTaxIdentificationNumber">Entity Tax Identification Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber" xlink:title="label: EntityTaxIdentificationNumber to dei_EntityTaxIdentificationNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
    <link:label xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityIncorporationStateCountryCode" xml:lang="en-US" id="dei_EntityIncorporationStateCountryCode">Entity Incorporation, State or Country Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode" xlink:title="label: EntityIncorporationStateCountryCode to dei_EntityIncorporationStateCountryCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:label xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityEmergingGrowthCompany" xml:lang="en-US" id="dei_EntityEmergingGrowthCompany">Entity Emerging Growth Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany" xlink:title="label: EntityEmergingGrowthCompany to dei_EntityEmergingGrowthCompany" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine1" xml:lang="en-US" id="dei_EntityAddressAddressLine1">Entity Address, Address Line One</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1" xlink:title="label: EntityAddressAddressLine1 to dei_EntityAddressAddressLine1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2" xlink:label="EntityAddressAddressLine2" xlink:title="EntityAddressAddressLine2" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine2" xml:lang="en-US" id="dei_EntityAddressAddressLine2">Entity Address, Address Line Two</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2" xlink:title="label: EntityAddressAddressLine2 to dei_EntityAddressAddressLine2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="EntityAddressAddressLine3" xlink:title="EntityAddressAddressLine3" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine3" xml:lang="en-US" id="dei_EntityAddressAddressLine3">Entity Address, Address Line Three</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3" xlink:title="label: EntityAddressAddressLine3 to dei_EntityAddressAddressLine3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="EntityAddressCityOrTown" xlink:title="EntityAddressCityOrTown" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressCityOrTown" xml:lang="en-US" id="dei_EntityAddressCityOrTown">Entity Address, City or Town</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown" xlink:title="label: EntityAddressCityOrTown to dei_EntityAddressCityOrTown" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince" xlink:label="EntityAddressStateOrProvince" xlink:title="EntityAddressStateOrProvince" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressStateOrProvince" xml:lang="en-US" id="dei_EntityAddressStateOrProvince">Entity Address, State or Province</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince" xlink:title="label: EntityAddressStateOrProvince to dei_EntityAddressStateOrProvince" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry" xlink:label="EntityAddressCountry" xlink:title="EntityAddressCountry" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressCountry" xml:lang="en-US" id="dei_EntityAddressCountry">Entity Address, Country</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCountry" xlink:to="dei_EntityAddressCountry" xlink:title="label: EntityAddressCountry to dei_EntityAddressCountry" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressPostalZipCode" xml:lang="en-US" id="dei_EntityAddressPostalZipCode">Entity Address, Postal Zip Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode" xlink:title="label: EntityAddressPostalZipCode to dei_EntityAddressPostalZipCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
    <link:label xlink:type="resource" xlink:label="dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_CityAreaCode" xml:lang="en-US" id="dei_CityAreaCode">City Area Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CityAreaCode" xlink:to="dei_CityAreaCode" xlink:title="label: CityAreaCode to dei_CityAreaCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
    <link:label xlink:type="resource" xlink:label="dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_LocalPhoneNumber" xml:lang="en-US" id="dei_LocalPhoneNumber">Local Phone Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber" xlink:title="label: LocalPhoneNumber to dei_LocalPhoneNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
    <link:label xlink:type="resource" xlink:label="dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_Security12bTitle" xml:lang="en-US" id="dei_Security12bTitle">Title of 12(b) Security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Security12bTitle" xlink:to="dei_Security12bTitle" xlink:title="label: Security12bTitle to dei_Security12bTitle" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="NoTradingSymbolFlag" xlink:title="NoTradingSymbolFlag" />
    <link:label xlink:type="resource" xlink:label="dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_NoTradingSymbolFlag" xml:lang="en-US" id="dei_NoTradingSymbolFlag">No Trading Symbol Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag" xlink:title="label: NoTradingSymbolFlag to dei_NoTradingSymbolFlag" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_TradingSymbol" xml:lang="en-US" id="dei_TradingSymbol">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingSymbol" xlink:to="dei_TradingSymbol" xlink:title="label: TradingSymbol to dei_TradingSymbol" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
    <link:label xlink:type="resource" xlink:label="dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_SecurityExchangeName" xml:lang="en-US" id="dei_SecurityExchangeName">Security Exchange Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecurityExchangeName" xlink:to="dei_SecurityExchangeName" xlink:title="label: SecurityExchangeName to dei_SecurityExchangeName" />
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>9
<FILENAME>usph-20240527_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
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<TYPE>XML
<SEQUENCE>11
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<body>
<span style="display: none;">v3.24.1.1.u2</span><table class="report" border="0" cellspacing="2" id="idm140628365333184">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>May 27, 2024</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 27,  2024<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-11151<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">U S PHYSICAL THERAPY INC /NV<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000885978<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">NV<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">76-0364866<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">1300 WEST SAM HOUSTON PARKWAY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">SUITE 300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">HOUSTON<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">TX<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">77043<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">713<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">297-7000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $.01 par value<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">USPH<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>dei:submissionTypeItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
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<td>na</td>
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<tr>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>xbrli:normalizedStringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
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<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
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<td>xbrli:booleanItemType</td>
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<td>na</td>
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end
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<SEQUENCE>22
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<XML>
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<xbrl
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    <context id="c20240527to20240527">
        <entity>
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        <period>
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            <endDate>2024-05-27</endDate>
        </period>
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    <dei:AmendmentFlag
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    <dei:EntityIncorporationStateCountryCode
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    <dei:EntityAddressAddressLine2
      contextRef="c20240527to20240527"
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</XML>
</TEXT>
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