Exhibit 10.4

CORVEL CORPORATION

1991 EMPLOYEE STOCK PURCHASE PLAN

AS AMENDED AND RESTATED ON AUGUST 5, 2010

I. PURPOSE

The CorVel Corporation 1991 Employee Stock Purchase Plan, as amended and
restated on August 5, 2010 (the “Plan”), is intended to provide eligible
employees of the Company and one or more of its Corporate Affiliates with the
opportunity to acquire a proprietary interest in the Company through
participation in a plan designed to qualify as an employee stock purchase plan
under Section 423 of the Internal Revenue Code (the “Code”).

II. DEFINITIONS

For purposes of administration of the Plan, the following terms shall have the
meanings indicated:

“BASE SALARY” means the regular base earnings paid to a Participant by one or
more Participating Companies during such individual’s period of participation in
the Plan, plus (i) one hundred percent (100%) of the commissions paid to such
individual during each purchase period in which he or she participates in the
Plan and (iii) any salary deferral contributions made by such Participant to any
Code Section 401(k) Plan of the Company or any Company Affiliate during such
period. There shall be excluded from the calculation of Base Salary (i) all
overtime payments, bonuses, profit-sharing distributions and other
incentive-type payments and (ii) all contributions (other than Code
Section 401(k) contributions) made by the Company or its Corporate Affiliates
for such individual’s benefit under any employee benefit or welfare plan now or
hereafter established.

“BOARD” means the Board of Directors of the Company.

“COMPANY” means CorVel Corporation, a Delaware corporation1, and any corporate
successor to all or substantially all of the assets or voting stock of the
Company that shall by appropriate action adopt the Plan.

“CORPORATE AFFILIATE” means any company that is either the parent corporation or
a subsidiary corporation of the Company (as determined in accordance with
Section 424 of the Code), including any parent or subsidiary corporation that
becomes such after the Effective Date.

 

1  The Company was previously known as FORTIS Corporation and assumed all of the
rights and responsibilities of FORTIS Corporation, a Minnesota corporation
(“FORTIS Minnesota”), with respect to the Plan pursuant to the Agreement and
Plan of Merger by and between the Company and FORTIS Minnesota, effective
May 16, 1991, under which FORTIS Minnesota changed its state of incorporation
from Minnesota to Delaware by merging with and into the Company, which was a
wholly owned subsidiary of FORTIS Minnesota.

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“EFFECTIVE DATE” means October 1, 1991; provided, however, that any Corporate
Affiliate that becomes a Participating Company in the Plan after October 1,
1991, shall designate a subsequent Effective Date with respect to its
employee-Participants.

“ELIGIBLE EMPLOYEE” means any person who is regularly engaged, for a period of
more than twenty (20) hours per week and more than five (5) months per calendar
year, in the rendition of personal services to the Company or any other
Participating Company for earnings considered wages under Section 3121(a) of the
Code. A person shall not continue to be an Eligible Employee because of the
payment of compensation following termination of employment whether as part of a
severance agreement with the Company or otherwise.

“FAIR MARKET VALUE” per share of Stock on any relevant date shall be determined
in accordance with the following provisions:

(a) If the Stock is at the time listed on the Nasdaq National Market or the
Nasdaq Capital Market, then the Fair Market Value shall be the closing selling
price per share of Stock on the date in question, as such price is reported by
the National Association of Securities Dealers on the Nasdaq National Market or
the Nasdaq Capital Market and published in The Wall Street Journal.

(b) If the Stock is at the time listed on any stock exchange, then the Fair
Market Value shall be the closing selling price per share of Stock on the date
in question on the stock exchange determined by the Plan Administrator to be the
primary market for the Stock, as such price is officially quoted in the
composite tape of transactions on such exchange and published in The Wall Street
Journal.

(c) If the Stock is not listed on the Nasdaq National Market, Nasdaq Capital
Market or a national securities exchange, the Fair Market Value shall be the
average of the closing bid and ask prices of the Stock on that day as reported
by the Nasdaq bulletin board or any comparable system on that day.

(d) If the Stock is not traded included in the Nasdaq bulletin board or any
comparable system, the Fair Market Value shall be the of the closing bid and ask
prices on that day as furnished by any member of the National Association of
Securities Dealers, Inc. selected from time to time by the Company for that
purpose.

(e) If the date in question is not a trading day, then the Fair Market Value
shall be determined based on prices for the trading day prior to the date in
question.

“PARTICIPANT” means any Eligible Employee of a Participating Company who is
actively participating in the Plan.

“PARTICIPATING COMPANY” means the Company and such Corporate Affiliate or
Affiliates as may be authorized from time to time by the Board to extend the
benefits of the Plan to their Eligible Employees. The Participating Companies in
the Plan are listed in attached Schedule A.

 

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“PERMANENT DISABILITY OR PERMANENTLY DISABLED” shall mean the inability of the
Participant to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment expected to result in death
or to be of continuous duration of twelve months or more.

“STOCK” means shares of the common stock of the Company, par value $.0001 per
share.

III. ADMINISTRATION

(a) The Plan shall be administered by a committee (the “Committee”) consisting
of one or more Board members appointed by the Board. Members of the Committee
shall serve for such period of time as the Board may determine and shall be
subject to removal by the Board at any time.

(b) The Committee is hereby designated as the Plan Administrator and shall have
full authority to administer the Plan, including authority to interpret and
construe any provision of the Plan and to adopt such rules and procedures for
administering the Plan as it may deem necessary in order to comply with the
requirements of Section 423 of the Code. Decisions of the Plan Administrator
shall be final and binding on all parties who have an interest in the Plan.

(c) To the maximum extent permitted by law, the Company shall indemnify each
member of the Committee and every other member of the Board, as well as any
other employee with duties under the Plan, against all liabilities and expenses
(including any amount paid in settlement or in satisfaction of a judgment)
reasonably incurred by the individual in connection with any claims against the
individual by reason of the performance of the individual’s duties under the
Plan. This indemnity shall not apply, however, if (i) it is in the action,
lawsuit, or proceeding that the individual is guilty of gross negligence or
intentional misconduct in the performance of those duties; or (ii) the
individual fails to assist the Company in defending against any such claim. The
Company shall have the right to select counsel and to control the prosecution or
defense of the suit. The Company shall not be obligated to indemnify any
individual for any amount incurred through any settlement or compromise of any
action unless the Company consents in writing to the settlement or compromise.

IV. PURCHASE PERIODS

(a) Stock shall be offered for purchase under the Plan through a series of
successive purchase periods until such time as (i) the maximum number of shares
of Stock available for issuance under the Plan shall have been issued pursuant
to purchase rights granted under the Plan or (ii) the Plan shall have been
sooner terminated in accordance with Article IX.

(b) Each purchase period shall have a duration of six (6) months. Purchase
periods shall commence on the first day of April and October.

(c) The Participant shall be granted a separate purchase right for each purchase
period in which he or she participates. The purchase right shall be granted on
the first business day of the purchase period and shall be automatically
exercised on the last business day of the purchase period.

 

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(d) Under no circumstances shall any shares of Stock be issued hereunder, until
such time as the Company shall have complied with all applicable requirements of
the Securities Act of 1933, as amended, all applicable listing requirements of
any securities exchange on which the Stock is listed and all other applicable
requirements established by law or regulation.

(e) The acquisition of Stock through participation in the Plan for any purchase
period shall neither limit nor require the acquisition of Stock by the
Participant in any subsequent purchase period.

V. ELIGIBILITY AND PARTICIPATION

(a) Each individual who is an Eligible Employee of a Participating Company on
the first day of any purchase period may begin participation in the Plan on the
first day of any purchase period following the commencement of his or her
employment with the Company or any other Participating Company.

(b) In order to participate in the Plan for a particular purchase period, an
Eligible Employee must complete the enrollment forms prescribed by the Plan
Administrator (including a stock purchase agreement and a payroll deduction
authorization) and file such forms with the Plan Administrator (or its designee)
during the specified enrollment period for that purchase period.

(c) The payroll deduction authorized by a Participant for purposes of acquiring
Stock under the Plan may be any multiple of $10.00, up to a dollar maximum not
in excess of 20% of the Base Salary paid to the Participant during the purchase
period. The deduction rate so authorized shall continue in effect for the entire
purchase period, unless the Participant shall, prior to the end of the purchase
period for which the purchase right is in effect, change the rate by filing the
appropriate form with the Plan Administrator (or its designee). The changed rate
shall become effective as soon as practicable following the filing of such form.
Payroll deductions, however, will automatically cease upon the termination of
the Participant’s purchase right in accordance with Section VII(d) or (e) below.

VI. STOCK SUBJECT TO PLAN

(a) The Stock purchasable by Participants under the Plan shall, solely in the
Board’s discretion, be made available from either authorized but unissued Stock
or from reacquired Stock, including shares of Stock purchased on the open
market. The total number of shares that may be issued under the Plan shall not
exceed 2,850,000 shares (subject to adjustment under subparagraph (b) below). If
any outstanding purchase right is terminated for any reason prior to its
exercise, the shares allocable to the purchase right may again become subject to
purchase under the Plan.

 

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(b) In the event any change is made to the Stock purchasable under the Plan by
reason of any stock dividend, recapitalization, stock split, reverse stock
split, combination of shares, recapitalization or other change affecting the
outstanding Stock as a class without the Company’s receipt of consideration,
appropriate adjustments shall be made by the Plan Administrator to (i) the class
and maximum number of shares issuable over the term of the Plan, (ii) the class
and maximum number of shares purchasable per Participant under any one purchase
right, and (iii) the class and number of shares and the price per share in
effect under each purchase right at the time outstanding under the Plan.

VII. PURCHASE RIGHTS

Each Eligible Employee who participates in the Plan for a particular purchase
period shall have the right to purchase Stock upon the terms and conditions set
forth below and shall execute a purchase agreement embodying such terms and
conditions and such other provisions (not inconsistent with the Plan) as the
Plan Administrator may deem advisable.

(a) Purchase Price. The purchase price per share of Stock shall be 95% of the
Fair Market Value of a share of Stock on the date the purchase right is
exercised.

(b) Number of Purchasable Shares.

(i) The number of shares of Stock purchasable by a Participant upon the exercise
of an outstanding purchase right shall be the number of whole shares obtained by
dividing the amount collected from the Participant through payroll deductions
during the purchase period for which such purchase right is outstanding, by the
purchase price per share in effect for that purchase period. However, the
maximum number of shares purchasable by any Participant during any one purchase
period shall not exceed 1,000 shares (subject to adjustment under Section
VI(b)). However, the Plan Administrator shall have the discretionary authority,
exercisable prior to the start of any purchase period under the Plan, to
increase or decrease the limitations to be in for the number of shares of Stock
purchasable per Participant during that purchase period.

(ii) Under no circumstances shall purchase rights be granted the Plan to any
Eligible Employee if such individual would, after the grant, own (within the
meaning of Code Section 424(d)), or hold outstanding options or other rights to
purchase, stock possessing 5% or more of the total combined voting power or
value of all classes of stock of the Company or any Corporate Affiliate. For
this purpose an Eligible Employee’s ownership interest shall be determined in
accordance with Code Section 424(d), which rules are as follows:

i. The Eligible Employee is treated as owning any stock owned, directly or
indirectly, by:

(1) Brothers and sisters (whether by whole or half-blood);

(2) Spouse; and

(3) Lineal descendants and/or ancestors.

 

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ii. Stock owned, directly or indirectly, by a corporation, partnership, estate,
or trust is treated as owned proportionately by or for its stockholders,
partners, or beneficiaries.

iii. Stock that can be acquired by the exercise of an option is treated as being
owned by the Eligible Employee for purposes of determining the number of shares
owned by the Eligible Employee, but not for purposes of determining the total
number of shares of Stock outstanding. Options are taken into account for this
purpose whether or not they are currently exercisable.

(c) Payment. Payment for the Stock purchased under the Plan shall be effected
through the Participant’s authorized payroll deductions. Such deductions shall
begin on the first pay day coincident with or immediately following the
commencement date of the purchase period and shall terminate with the pay day
ending with or immediately prior to the last business day of such purchase
period. The amounts so collected shall be credited to the Participant’s
individual account under the Plan, but no interest shall be paid on the balance
from time to time outstanding in the account. The collected amounts shall not be
required to be held in any segregated account or trust fund and may be
commingled with the Company’s general assets and used for any corporate purpose.

(d) Termination of Purchase Rights.

(i) A Participant may terminate his or her outstanding purchase right under the
Plan by filing the prescribed notification form with the Plan Administrator (or
its designee) at least two business days before the last business day of any
purchase period. No further payroll deductions shall be collected from the
Participant with respect to such purchase right, and the Participant shall have
the following election with respect to any payroll deductions made by such
individual with respect to such purchase right: (A) have the Company refund
those payroll deductions or (B) have such payroll deductions held for the
purchase of shares at the end of the purchase period. If no such election is
made, then such payroll deductions shall automatically be refunded at the end of
such purchase period. Immediately following the refund or purchase of shares,
the purchase right shall terminate.

(ii) The request for termination shall be irrevocable with respect to the
particular purchase right to which it pertains, and the Participant may not
subsequently rejoin the purchase period covered by such right.

(e) Termination of Service.

(i) Except as set forth in Paragraph VII(e)(ii) below, if a Participant ceases
to be an Eligible Employee while his or her purchase right remains outstanding,
then such purchase right shall immediately terminate, and all sums previously
collected from the Participant during the purchase period in which such
termination occurs shall be refunded (without interest) to the Participant.

 

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(ii) Should the Participant die or become Permanently Disabled or should the
Participant cease active employment by reason of a leave of absence taken in
accordance with the Company’s leave of absence policy, then the Participant (or
the person or persons to whom the rights of the deceased Participant under the
Plan are transferred by will or by the laws of descent and distribution) shall
have the election, exercisable up until the end of the purchase period in which
the Participant dies or becomes Permanently Disabled or in which the leave of
absence commences, to (i) withdraw all the funds credited to the Participant’s
account at the time of his or her cessation of employment or at the commencement
of such leave or (ii) have such funds held for the purchase of shares at the end
of such purchase period. If no such election is made, then such funds shall
automatically be held for the purchase of shares at the end of such purchase
period. In no event, however, shall any further payroll deductions added to the
Participant’s account following his or her cessation of employment or the
commencement of such leave. Upon the Participant’s return to active employment
of twenty (20) hours a week (x) within ninety (90) days following the
commencement of such leave or (y) prior to the expiration of any longer period
for which such Participant’s right to reemployment with the Company is
guaranteed by statute or contract, his or her payroll deductions under the Plan
shall automatically resume at the rate in effect at the time the leave began,
unless the Participant withdraws from the Plan prior to his or her return. An
individual who returns to active employment following a leave of absence that
exceeds in duration the applicable (x) or (y) time period will no longer be an
Eligible Employee for purposes of subsequent participation in the Plan, will
receive a refund (without interest) of the payroll deductions that the
Participant made during that purchase period with respect to such purchase right
not previously exercised, and must accordingly re-enroll in the Plan (by making
a timely filing of the prescribed enrollment forms) on or before the first day
of the new purchase period once he or she qualifies as an Eligible Employee.

(f) Stock Purchase. The Stock subject to the purchase right of each Participant
(other than Participants whose payroll deductions have been refunded in
accordance with Section VII(d) or (e) above) shall be automatically purchased on
the Participant’s behalf on the last business day of the purchase period. The
purchase shall be effected by applying the amount credited to each Participant’s
account on the last business day of the purchase period to the purchase of whole
shares of Stock (subject to the limitations on the maximum number of purchasable
shares set forth in Section VII(b)) at the purchase price in effect for such
purchase period. Any amount remaining in the Participant’s account after such
application shall be refunded.

(g) Proration of Purchase Rights. Should the total number of shares of Stock
that are to be purchased pursuant to outstanding purchase rights on any
particular date exceed the number of shares then available for issuance under
the Plan, the Plan Administrator shall make a pro-rata allocation of the
available shares on a uniform and nondiscriminatory basis, and any amounts
credited to the accounts of Participants shall, to the extent not applied to the
purchase of Stock, be refunded to the Participants.

(h) Rights as Stockholder. A Participant shall have no rights as a stockholder
of the Company with respect to shares covered by his or her outstanding purchase
right under the Plan until the shares are actually purchased on the
Participant’s behalf in accordance with Section VII(f). No adjustments shall be
made for dividends, distributions or other rights for which the record date is
prior to the date of such purchase.

 

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(i) Assignability. No purchase right granted under the Plan shall be assignable
or transferable by the Participant other than by will or by the laws of descent
and distribution following the Participant’s death, and during the Participant’s
lifetime the purchase right shall be exercisable only by the Participant.

(j) Notice of Disqualifying Disposition. A Participant must notify the Company
if the Participant disposes of stock acquired pursuant to the Plan prior to the
expiration of the holding periods required to qualify for long-term capital
gains treatment on the sale proceeds.

(k) Merger or Liquidation of Company. In the event the Company or its
stockholders enter into an agreement to dispose of all or substantially all of
the assets or outstanding capital stock of the Company by means of a sale,
merger, reorganization or similar transaction (other than a reorganization
effected primarily to change the State in which the Company is incorporated) or
in the event the Company is liquidated (a “Change in Control”), each outstanding
purchase right shall automatically be exercised, immediately prior to the
effective date of any Change in Control, by applying the payroll deductions of
each Participant for the purchase period in which such Change in Control occurs
to the purchase of whole shares of Stock at a purchase price per share equal to
eighty-five percent (85%) of the lower of (i) the Fair Market Value per share of
Stock on the first day of the purchase period in which such Change in Control
occurs or (ii) the Fair Market Value per share of Stock immediately prior to the
effective date of such Change in Control. However, the applicable limitation on
the number of shares of Stock purchasable per Participant shall continue to
apply to any such purchase. Any amount not applied to the purchase of Stock by
reason of the Section VII(b) limitation on the maximum number of purchasable
shares shall be refunded. The Company shall use its best efforts to provide at
least ten (10) days’ prior written notice of the occurrence of any Change in
Control, and Participants shall, following the receipt of such notice, have the
right to terminate their outstanding purchase rights prior to the effective date
of the Change in Control.

VIII. ACCRUAL LIMITATIONS

(a) No Participant shall be entitled to accrue rights to acquire Stock pursuant
to any purchase right outstanding under the Plan if and to the extent such
accrual, when aggregated with (i) rights to acquire Stock accrued under other
purchase rights granted to the Participant under this Plan and (ii) similar
rights accrued by the Participant under other employee stock purchase plans
(within the meaning of Code Section 423) of the Company or its Corporate
Affiliates, would otherwise permit such Participant to purchase more than
$25,000 worth of Stock of the Company or any Corporate Affiliate (determined on
the basis of the Fair Market Value of such stock on the date or dates such
rights are granted to the Participant) for each calendar year such rights are at
any time outstanding.

(b) For purposes of applying the accrual limitations of Section VIII(a), the
right to acquire Stock pursuant to each purchase right granted under the Plan
shall accrue as follows:

 

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(i) The right to acquire Stock under each such purchase right shall accrue when
the purchase right first becomes exercisable on the last business day of the
purchase period for which such right is granted.

(ii) To the extent the Participant’s purchase right does not, by reason of the
Section VIII(a) limitations, accrue on the last business day of the particular
purchase period for which such right is granted, then the payroll deductions
that the Participant made during that purchase period with respect to such
purchase right shall be refunded.

(c) In the event there is any conflict between the provisions of this Article
VIII and one or more provisions of the Plan or any instrument issued thereunder,
the provisions of this Article VIII shall be controlling.

IX. AMENDMENT AND TERMINATION

The Board may from time to time alter, amend, suspend or discontinue the Plan to
become effective immediately following the close of a purchase period; provided,
however, the Plan may be amended or terminated immediately upon Board action, if
and to the extent necessary to assure that the Company will not recognize, for
financial reporting purposes, any compensation expense in connection with the
shares of Stock offered for purchase under the Plan, should the financial
accounting rules applicable to the Plan at the Effective Date be subsequently
revised so as to require the Company to recognize compensation expense in the
absence of such amendment or termination. The Board may not, without the
approval of the Company’s stockholders, increase the number of shares issuable
under the Plan (provided, however, the Plan Administrator shall have the
authority to effect adjustments pursuant to Section VI(b) without stockholder
approval).

X. GENERAL PROVISIONS

(a) Effective Date. The Plan became effective on the Effective Date. On June 15,
1992, the Board approved a restatement of the Plan, to be effective as of
October 1, 1992. The restatement was approved by the Company’s stockholders at
the 1992 Annual Meeting. On May 4, 1994, the Board approved an amendment to the
Plan to increase the aggregate number of shares issuable over the term thereof
from 100,000 to 150,000 shares. The amendment was approved by the Company’s
stockholders at the 1994 Annual Meeting. In June 1997, the Board approved
another amendment to the Plan to increase the aggregate number of shares
issuable over the term thereof from 150,000 to 250,000 shares. The amendment was
approved by the Company’s stockholders at the 1997 Annual Meeting.

On June 14, 1999, the Company effected a 2-for-1 stock split in the form of a
100 percent stock dividend distributed to stockholders of record as of May 31,
1999. On May 20, 2001, the Board approved amendments to the Plan to (i) effect
certain technical revisions to the provisions of the Plan in order to facilitate
the administration and interpretation of the Plan, (ii) modify the type of
amendments to the Plan which require stockholder approval and (iii) extend the
termination date of the Plan by ten years to September 30, 2011. The amendments
were approved by the Company’s stockholders at the 2001 Annual Meeting. On
August 31, 2001, the Company effected a 3-for-2 stock split in the form of a 50
percent stock dividend distributed to stockholders of record as of August 17,
2001.

 

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On August 4, 2005, the Board approved amendments to the Plan to (i) avoid
compensation expense charges under Statement of Financial Accounting Standards
No. 123 (revised 2004), Accounting for Stock-Based Compensation and
(ii) increase the aggregate number of shares issuable over the term of the Plan
from 750,000 to 950,000 shares. The amendments were approved by the Company’s
stockholders at the 2005 Annual Meeting. On December 8, 2006, the Company
effected a 3-for-2 stock split in the form of a 50 percent stock dividend
distributed to stockholders of record as of November 20, 2006.

On May 14, 2010, the Board approved amendments to the Plan to (i) remove the
requirement for stockholder approval for modifying eligibility requirements and
(ii) extend the termination date of the Plan by ten years from September 30,
2011 to September 30, 2021. The amendments were approved by the Company’s
stockholders at the 2010 Annual Meeting on August 5, 2010, after which the Board
approved amendments to the Plan to (i) modify the eligibility requirements to
remove the exclusion for Highly Compensated Employees and (ii) modify the annual
statement requirements, all in order to conform to recent changes in law. On
June 26, 2013, the Company effected a 2-for-1 stock split in the form of a 100
percent stock dividend distributed to stockholders of record as of June 12,
2013. All share numbers reflect the stock splits effected by the Company.

(b) Termination. The Plan shall terminate upon the EARLIEST of (i) September 30,
2021, (ii) the date on which all shares available for issuance under the Plan
shall have been sold pursuant to purchase rights exercised under the Plan,
(iii) the date on which all purchase rights are exercised in connection with a
Change in Control or (iv) termination by the Board. No further purchase rights
shall be granted or exercised, and no further payroll deductions shall be
collected under the Plan following such termination.

(c) Costs. All costs and expenses incurred in the administration of the Plan
shall be paid by the Company; however, each Plan Participant shall bear all
costs and expenses incurred by such individual in the sale or other disposition
of any shares purchased under the Plan.

(d) No Employment Rights. Neither the action of the Company in establishing the
Plan, nor any action taken under the Plan by the Board or the Plan
Administrator, nor any provision of the Plan itself shall be construed so as to
grant any person the right to remain in the employ of the Company or any of its
Corporate Affiliates for any period of specific duration, and such person’s
employment may be terminated at any time, with or without cause.

(e) Governing Law. The provisions of the Plan shall be governed by the laws of
the State of California.

 

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(f) Annual Statements. To the extent required, the Company shall provide a
statement containing the information required by Code Section 6039(a) to
Participants no later than January 31st of the calendar year following prior to
the calendar year in which they purchase Stock pursuant to the Plan. This notice
shall contain the following items of information:

(i) The name, address, and employer identification number of the corporation
transferring the Stock;

(ii) The name, address, and identifying number of the Participant to whom the
share or shares of Stock were transferred;

(iii) The name and address of the corporation the stock of which is the subject
of the option (if other than the corporation transferring the stock);

(iv) The date the option was granted;

(v) The date the shares were transferred to the person exercising the option;

(vi) The fair market value of the Stock on the date the option was granted;

(vii) The fair market value of the Stock at the time the option was exercised;

(viii) The actual exercise price paid per share of Stock;

(ix) The exercise price per share of Stock determined as if the option were
exercised on the date the option was granted;

(x) The date the option was exercised;

(xi) The number of shares of Stock transferred pursuant to the option;

(xii) The type of option under which the transferred shares were acquired;

(xiii) The date the legal title of the shares of Stock were transferred by the
Participant, if applicable;

(xiv) The number of shares of Stock to which legal title was transferred by the
Participant, if applicable; and

(xv) The total cost of all the shares.

 

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SCHEDULE A

PARTICIPATING COMPANIES

CorVel Corporation, a Delaware corporation

CorVel Healthcare Corporation, a California corporation

CorVel Enterprise Comp, Inc., a Delaware corporation

 

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