Sunquest Information Systems Inc – ‘10-K405’ for 12/31/96 – EX-10.G1

As of:  Thursday, 3/27/97   ·   For:  12/31/96   ·   Accession #:  950132-97-227   ·   File #:  0-28212

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Annual Report -- [x] Reg. S-K Item 405                36    143K 
 2: EX-10.G1    Addendum to Employment Agreement-Holbrook              2     11K 
 3: EX-10.H1    Addendum to Employment Agreement-Wesson                2     11K 
 4: EX-10.I1    Stock Incentive Plan of 1996                          11     47K 
 5: EX-10.K1    Fourth Amendment to Business Loan Agreement            5     24K 
 6: EX-10.Q     Office Lease                                          28    127K 
 7: EX-10.R     Employment Agreement                                  23     47K 
 8: EX-13.A     Management's Discussion & Analysis                    32    142K 
 9: EX-21.B     Subsidiaries of the Registrant                         1      6K 
10: EX-23.G     Consent of Ernst & Young                               1      7K 
11: EX-27.B     Financial Data Schedule                                2      7K 

EX-10.G1   —   Addendum to Employment Agreement-Holbrook

EX-10.G1
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                                             EXHIBIT 10G.1

ADDENDUM TO EMPLOYMENT AGREEMENT
--------------------------------

This Addendum ("Addendum") to the Employment Agreement (hereinafter   
defined) is made and entered into as of the 24th day of May, 1996, by and       
between Sunquest Information Systems, Inc. (the "Company") and Reid Scott       
Holbrook (the "Employee").                                                      

WITNESSETH THAT:

    WHEREAS, the parties executed an Employment Agreement as of the 6th day of
May, 1994 (the "Employment Agreement"); and                                     

     WHEREAS, the parties desire to modify the terms of the Employment Agreement
to be effective on the effective date of the Company's Registration Statement   
Form S-1 filed by the Company with the Securities and Exchange Commission on    
March 27, 1996, as amended on May 10, 1996 (the "Public Offering"); and         

  WHEREAS, the parties desire to memorialize those terms by this Addendum;
and                                                                             

    WHEREAS, the parties desire to terminate this Addendum such that it has no
effect should the Public Offering not occur.                                    

NOW, THEREFORE, in consideration of the foregoing, and intending to be
legally bound, the parties do hereby covenant and agree as follows:             

     1.  If the Public Offering is consummated, paragraph 5.04 of the Employment
Agreement, entitled Deferred Compensation ("Former Paragraph 5.04"), is deleted 
---------------------                   
in its entirety and shall be null and void as if it had never existed.          

    2.  If the Public Offering is consummated, Employee agrees that no sums of
money or other obligations are owed or will be owed to the Employee by the      
Company in connection with Former Paragraph 5.04.                               

     3.  If the Public Offering is consummated, Paragraph 5.04 of the Employment
Agreement shall be amended and restated in its entirety to read as follows:     

5.04  Nonqualified Stock Options.  (a) On the effective date of the       
--------------------------                                    
         Registration Statement, Employee shall be awarded a non-qualified stock
         option (as that term is used in the Nonqualified Stock Option Agreement
attached hereto as Exhibit A) to purchase 52,521 shares of the
        Company's Common Stock exercisable at the price stated in, and subject
to the terms and conditions of,                               

EX-10.G1
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       the Nonqualified Stock Option Agreement attached hereto as Exhibit A.

      (b)  The Company and Employee hereby agree to execute a Nonqualified
Stock Option Agreement simultaneously herewith.     

  4.   The parties hereby affirm and ratify in all other respects,
except as herein modified, the Employment Agreement.  To the extent that any    
provisions in the Employment Agreement are inconsistent with any terms in this  
Addendum, the terms of this Addendum shall govern.                              

       5.   This Addendum and the Employment Agreement constitute the entire
agreement of the parties and supersede all prior proposals and discussions.     

 6.   If the Public Offering does not occur, this Addendum shall
terminate and be void as if it never had been executed.                         

       IN WITNESS WHEREOF, the parties hereto, intending to be legally bound
hereby, have set their respective hands and seals as of the date first written  
above.                                                                          

ATTEST:                             SUNQUEST INFORMATION SYSTEMS, INC.          

/s/ Stanley J. Lehman               By: /s/ Nina M. Dmetruk                     

WITNESS:                            EMPLOYEE:                                   

/s/ Stanley J. Lehman               /s/ Reid Scott Holbrook                     
           Reid Scott Holbrook

2 

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘10-K405’ Filing		Date		First		Last			Other Filings
Filed on:		3/27/97							DEF 14A
For Period End:		12/31/96
		5/10/96		1					S-1/A
		3/27/96		1
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