*** indicates material has been omitted pursuant to a Confidential Treatment
Request filed with the Securities and Exchange Commission. A complete copy of
this agreement has been filed separately with the Securities and Exchange
Commission.
Exhibit 10.2
AMENDMENT TO THE MINIMUM PREMIUM
FINANCIAL AGREEMENT,
AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2005,
BY AND BETWEEN
ADMINISTAFF OF TEXAS, INC.,
AND
UNITED HEALTHCARE INSURANCE COMPANY
     THIS AMENDMENT TO THE MINIMUM PREMIUM FINANCIAL AGREEMENT, as amended and
restated effective January 1, 2005, (the “MP Financial Agreement”) is entered
into as of July 2, 2007, by and between Administaff of Texas, Inc., a Texas
corporation, and United Healthcare Insurance Company, a Connecticut corporation
(this “Amendment”).
RECITALS
     WHEREAS, on or about June 25, 2002, the Employer and the Company executed
the Minimum Premium Financial Agreement effective January 1, 2002 (“Original
Agreement”), and on or about December 3, 2004, the Employer and the Company
executed an amendment to the Original Agreement; and
     WHEREAS, effective January 1, 2005, the Employer and the Company executed
the MP Financial Agreement to amend and restate the Original Agreement (terms
capitalized in this Amendment not for grammatical reasons and not otherwise
defined in this Amendment shall have the meanings ascribed to them in the MP
Financial Agreement); and
     WHEREAS, the Employer and the Company now wish to further amend the MP
Financial Agreement pursuant to the terms of this Amendment effective January 1,
2008, unless otherwise stated herein.
     NOW, THEREFORE, in consideration of the following mutual covenants and
promises, the parties agree as follows:
ARTICLE I
     Section 1.1 ***. Section 4 of Exhibit A to the MP Financial Agreement is
revised to add a new section 4.c., effective May 10, 2007:
In consideration for the changes reflected in this Amendment and the
contemporaneous Amendment to the Minimum Premium Administrative Services
Agreement, the parties acknowledge that (i) the *** for the Arrangement Month of
May 2007 in the amount of $3.26 million and (ii) such amount shall be taken into
consideration for the purposes of determining any future actions, if

 

--------------------------------------------------------------------------------

 

any, which may be necessary to manage the Redetermined Accumulated Surplus in
accordance with Exhibit A to the MP Financial Agreement, and (iii) such amount
shall not be recognized as Policy Revenue.
     Section 1.2. Entire Agreement, Amendment and Waiver. Section 10.f of the MP
Financial Agreement is hereby amended and restated in its entirety to read,
effective May [10], 2007:
     Absent extraordinary and unforeseen circumstances, neither party shall
seek, with respect to the 2008, 2009 and 2010 Arrangement Years, an amendment or
modification to the Agreement, the MP Administrative Services Agreement relating
to ***; and provided, further, that the Company’s rights under section 5(a) of
the Agreement shall be suspended with respect to changes for the 2008, 2009 and
2010 Arrangement Years (except with regard to a modification consistent with a
change in actual premium tax expense).
     Section 1.3. Management of the Redeteimined Accumulated Surplus/Deficit.
Sections 6.b and 6.c of Exhibit A of the MP Financial Agreement are hereby
amended and restated in their entirety to read, effective for Quarterly or
Annual Reviews of Arrangement Quarters beginning on or after January 1, 2007:

  b.   If, as part of a Quarterly Review or Annual Review, the Company
determines that the Redetermined Accumulated Surplus for the Preceding Quarter
exceeds $9 million, then commencing 15 days after such determination, the
Company shall waive the Employer’s then current obligation to fund the Claims
Account, if any, in an amount equal to the Redetermined Accumulated Surplus
amount less $9 million. Any Claims Account funding waived by the Company under
this subparagraph 6.b. shall not be recognized as Policy Revenue (e.g., as
Health Benefits Paid from the Claims Account or otherwise) but the claims funded
by such waiver shall be included as Incurred Claims.         The parties
acknowledge that the Company waived Additional Quarterly Premium due in 2007
with respect to the first Arrangement Quarter of 2007 in the amount of
$2,000,000.00 and (i) such amount shall be taken into consideration for the
purposes of determining any further actions, if any, which may be necessary to
manage the Redetermined Accumulated Surplus (initially calculated as of June 30,
2007) in accordance with Exhibit A to the MP Financial Agreement, and (ii) such
amount shall not be recognized as Policy Revenue.

2

--------------------------------------------------------------------------------

 

  c.   If, as part of a Quarterly Review or Annual Review, the Company
determines that the Redetermined Accumulated Surplus for a Preceding Quarter is
less than $9 million or a Redetermined Accumulated Deficit exists, then the
Employer shall, within 15 days of the redetermination pay to the Company an
amount equal to the difference between $9 million and either (A) the
Redetermined Accumulated Surplus amount as of the redetermination date or
(B) the Redetermined Accumulated Deficit amount (expressed as a negative value)
as of the redetermination date, as applicable. Such payment shall be treated as
additional Policy Revenue for purposes of this Exhibit A.

     Section 1.4. Non-MP Policies. Exhibit B to the MP Financial Agreement is
hereby amended and restated in its entirety to read, effective May 1, 2007:

3

--------------------------------------------------------------------------------

 

Exhibit B – Non-MP Policies
     The insurance policies, HMO contracts and similar arrangements on the
following list are considered “Non-MP Policies” for purposes of the Agreement.
Such list shall be deemed modified by the Current Policy List provided by the
Company as part of the Quarterly Review, unless the Employer objects within 30
calendar days of receipt.

                  Policy       Effective   Termination #   Policyholder   Date  
Date   247936    
***
  1/1/2002       247974    
***
  1/1/2002   5/28/2003   247977    
***
  1/1/2002   3/1/2002   247989    
***
  1/1/2002   5/27/2003   247996    
***
  1/1/2002   9/1/2002   248003    
***
  1/1/2002   3/1/2003   248006    
***
  1/1/2002   1/22/2002   248026    
***
  1/1/2002   11/19/2005   248030    
***
  1/1/2002   1/1/2007   248035    
***
  1/1/2002   1/1/2002   248041    
***
  1/1/2002   2/1/2004   248056    
***
  1/1/2002   1/11/2002   248063    
***
  1/1/2002   1/1/2004   248110    
***
  1/1/2002   1/1/2007   248128    
***
  1/1/2002   1/1/2006   248131    
***
  1/1/2002   10/1/2003   248133    
***
  1/1/2002   9/1/2005   248135    
***
  1/1/2002   2/22/2002   248144    
***
  1/1/2002   8/15/2003   248151    
***
  1/1/2002   8/1/2002   248163    
***
  1/1/2002   1/1/2002   248165    
***
  1/1/2002   7/1/2002   248180    
***
  1/1/2002   6/1/2002   248197    
***
  1/1/2002   11/1/2002   248208    
***
  1/1/2002   6/16/2002   248241    
***
  1/1/2002   1/1/2005   248263    
***
  1/1/2002   11/22/2002   248271    
***
  1/1/2002       248291    
***
  1/1/2002   3/4/2003   248306    
***
  1/1/2002   5/1/2003   248314    
***
  1/1/2002   9/4/2002   248324    
***
  1/1/2002       248325    
***
  1/1/2002   5/31/2002   248339    
***
  1/1/2002   9/8/2003   248346    
***
  1/1/2002       248352    
***
  1/1/2002   3/30/2002   248370    
***
  1/1/2002   6/1/2002   248371    
***
  1/1/2002   4/28/2002

4

--------------------------------------------------------------------------------

 

                  Policy       Effective   Termination #   Policyholder   Date  
Date   248372    
***
  1/1/2002       248373    
***
  1/1/2002   2/25/2002   248374    
***
  1/1/2002       248375    
***
  1/1/2002       248376    
***
  1/1/2002   11/1/2002   248379    
***
  1/1/2002   5/31/2002   248382    
***
  1/1/2002   12/21/2005   248384    
***
  1/1/2002   1/1/2005   248388    
***
  1/1/2002   3/19/2005   248390    
***
  1/1/2002   6/26/2002   248396    
***
  1/1/2002   4/15/2003   248399    
***
  1/1/2002   1/1/2005   248404    
***
  1/1/2002   7/1/2002   248405    
***
  1/1/2002       248407    
***
  1/1/2002   12/2/2002   248408    
***
  1/1/2002       248409    
***
  1/1/2002       248410    
***
  1/1/2002   7/1/2002   248411    
***
  1/1/2002       248412    
***
  1/1/2002   3/1/2002   248413    
***
  1/1/2002   6/1/2003   248414    
***
  1/1/2002       248415    
***
  1/1/2002       248416    
***
  1/1/2002   1/1/2005   248417    
***
  1/1/2002   6/12/2003   248418    
***
  1/1/2002       248421    
***
  1/1/2002   6/1/2002   248429    
***
  1/1/2002       248433    
***
  1/1/2002   1/1/2002   248442    
***
  1/1/2002       248457    
***
  1/1/2002   1/1/2003   248463    
***
  1/1/2002   10/26/2002   248466    
***
  1/1/2002   2/1/2005   248473    
***
  1/1/2002       248474    
***
  1/1/2002   6/15/2002   248478    
***
  1/1/2002   8/8/2002   248480    
***
  1/1/2002       248486    
***
  1/1/2002   10/1/2005   248494    
***
  1/1/2002   4/1/2003   248495    
***
  1/1/2002   7/1/2002   248497    
***
  1/1/2002       248501    
***
  1/1/2002   10/1/2005   248516    
***
  1/1/2002   1/1/2003   248519    
***
  1/1/2002       248521    
***
  1/1/2002   1/1/2003

5

--------------------------------------------------------------------------------

 

                  Policy       Effective   Termination #   Policyholder   Date  
Date   248524    
***
  1/1/2002   10/16/2002   248528    
***
  1/1/2002       248532    
***
  1/1/2002   2/1/2003   250136    
***
  1/1/2002   7/1/2002   250197    
***
  1/7/2002   7/1/2003   250201    
***
  1/1/2002       250656    
***
  1/1/2002   6/1/2003   250657    
***
  1/1/2002   1/1/2003   250658    
***
  2/1/2002       250659    
***
  2/1/2002   2/1/2004   250660    
***
  1/1/2002   2/16/2005   250669    
***
  2/15/2002   12/9/2002   252657    
***
  3/1/2002       252926    
***
  3/1/2002   6/1/2002   253683    
***
  3/4/2002   3/18/2002   253774    
***
  3/1/2002   2/19/2003   253775    
***
  3/1/2002       253778    
***
  2/27/2002   8/28/2002   254553    
***
  4/1/2002   5/21/2002   254678    
***
  4/1/2002   5/31/2002   254741    
***
  4/1/2002   4/1/2006   255675    
***
  4/1/2002   10/9/2002   255701    
***
  4/1/2002   8/3/2005   255709    
***
  4/1/2002   4/1/2002   256410    
***
  2/4/2002   2/4/2002   256498    
***
  2/4/2002   8/12/2002   256505    
***
  4/1/2002   1/2/2004   257668    
***
  4/15/2002   5/2/2003   261873    
***
  6/1/2002   10/1/2004   262606    
***
  7/1/2002   1/1/2003   262614    
***
  6/1/2002       262616    
***
  6/1/2002   7/1/2004   262666    
***
  6/1/2002   3/6/2003   263961    
***
  6/7/2002   8/1/2002   264562    
***
  7/1/2002   10/22/2004   264565    
***
  7/1/2002       266459    
***
  7/28/2002   5/3/2004   266473    
***
  7/28/2002   9/3/2006   267825    
***
  9/1/2002   3/3/2004   268747    
***
  9/1/2002   1/15/2004   271606    
***
  10/1/2002   1/1/2003   272924    
***
  11/1/2002   5/1/2003   273651    
***
  10/16/2002   8/1/2006   274488    
***
  11/20/2002   1/1/2003   277124    
***
  1/1/2003   1/1/2005

6

--------------------------------------------------------------------------------

 

                  Policy       Effective   Termination #   Policyholder   Date  
Date   278257    
***
  12/1/2002   11/29/2004   279171    
***
  1/1/2003   7/1/2003   279197    
***
  1/6/2003   2/12/2004   279225    
***
  12/15/2002   4/1/2003   281742    
***
  1/1/2003   1/1/2006   282005    
***
  1/1/2003   12/1/2003   282007    
***
  1/1/2003       282062    
***
  1/6/2003   3/1/2004   286373    
***
  2/1/2003       288802    
***
  3/1/2003   3/1/2004   303058    
***
  7/1/2003       303075    
***
  5/1/2003       303083    
***
  5/1/2003   6/1/2005   310924    
***
  5/22/2003       311776    
***
  8/11/2003   8/16/2005   314764    
***
  7/1/2003   10/1/2004   314770    
***
  7/1/2003   11/16/2005   315038    
***
  7/1/2003   4/1/2004   326974    
***
  9/1/2003   8/16/2004   334639    
***
  9/14/2003       338429    
***
  10/1/2003   8/1/2005   345349    
***
  9/1/2003   9/6/2006   348740    
***
  10/1/2003   3/1/2004   348746    
***
  10/1/2003   2/18/2004   353316    
***
  11/1/2003   11/1/2004   369064    
***
  1/1/2004   12/1/2005   378384    
***
  1/1/2004   1/1/2004   389529    
***
  1/1/2004   6/1/2005   391528    
***
  3/1/2004   10/1/2005   395396    
***
  3/1/2004   10/1/2004   399283    
***
  2/16/2004   6/12/2004   400182    
***
  2/16/2004   3/18/2005   400899    
***
  2/19/2004   5/5/2004   420189    
***
  5/3/2004   5/1/2005   421616    
***
  6/1/2004       426244    
***
  2/1/2004   9/28/2004   428344    
***
  7/1/2004   9/4/2005   429009    
***
  5/12/2004   5/12/2004   429057    
***
  5/12/2004   5/12/2004   430384    
***
  7/1/2004       433257    
***
  6/13/2004   10/15/2004   433886    
***
  6/21/2004   10/1/2004   436305    
***
  7/15/2004   11/1/2004   445040    
***
  9/5/2004   11/1/2006   456752    
***
  10/1/2004   9/28/2005   461332    
***
  11/1/2004   5/1/2005

7

--------------------------------------------------------------------------------

 

                  Policy       Effective   Termination #   Policyholder   Date  
Date   462865    
***
  11/2/2004   2/17/2005   464334    
***
  1/1/2005       467310    
***
  1/1/2005       468171    
***
  1/1/2005   3/1/2005   469055    
***
  12/20/2004   11/21/2005   469086    
***
  1/1/2005   1/1/2005   469115    
***
  1/1/2005   8/1/2006   469117    
***
  1/1/2005       472227    
***
  1/1/2005   7/7/2005   473377    
***
  1/3/2005   6/24/2005   473385    
***
  1/28/2005       474789    
***
  1/29/2005   1/1/2006   475654    
***
  1/30/2005       475961    
***
  1/31/2005       476007    
***
  2/1/2005   11/1/2005   476271    
***
  2/2/2005   7/1/2005   478946    
***
  1/1/2005       478950    
***
  1/1/2005       481120    
***
  3/1/2005       481138    
***
  3/1/2005   9/1/2006   482143    
***
  4/1/2005       485156    
***
  4/1/2005   4/7/2006   485726    
***
  4/16/2005   6/10/2006   488018    
***
  5/9/2005   12/1/2005   490568    
***
  6/1/2005   11/4/2006   492332    
***
  6/6/2005   9/1/2005   492601    
***
  7/1/2005   7/1/2006   494007    
***
  7/1/2005   7/1/2006   495680    
***
  7/15/2005   8/1/2006   496820    
***
  8/1/2005       499842    
***
  9/1/2005   12/1/2005   502882    
***
  9/1/2005       505860    
***
  10/1/2005       506464    
***
  10/1/2005   1/1/2007   506578    
***
  10/16/2005       507063    
***
  10/16/2005       507115    
***
  10/16/2005       507408    
***
  10/1/2005       507509    
***
  5/1/2005   1/1/2006   507823    
***
  11/1/2005       508107    
***
  11/1/2005       509757    
***
  12/1/2005       510325    
***
  12/1/2005   12/1/2005   510608    
***
  12/1/2005   12/1/2005   511462    
***
  12/1/2005       515539    
***
  1/1/2006    

8

--------------------------------------------------------------------------------

 

                  Policy       Effective   Termination #   Policyholder   Date  
Date   516080    
***
  1/1/2006       516355    
***
  1/1/2006       516359    
***
  1/1/2006       516372    
***
  12/1/2005       516376    
***
  12/1/2005       516459    
***
  1/1/2006   8/16/2006   516460    
***
  1/1/2006       516463    
***
  1/1/2006       516606    
***
  1/1/2006       516690    
***
  1/1/2006       516696    
***
  1/1/2006       516730    
***
  1/1/2006   1/20/2007   516733    
***
  1/1/2006   1/20/2007   516919    
***
  1/1/2006       517265    
***
  1/1/2006       517267    
***
  1/1/2006       517272    
***
  1/1/2006   10/1/2006   517314    
***
  1/1/2006   6/16/2006   517398    
***
  1/1/2006       517475    
***
  1/1/2006   4/19/2006   517480    
***
  1/1/2006   1/20/2007   517515    
***
  1/1/2006       517605    
***
  1/28/2006   1/28/2007   517617    
***
  1/23/2006       517871    
***
  1/1/2006       517876    
***
  2/1/2006   12/1/2006   518177    
***
  2/1/2006       518187    
***
  2/1/2006   1/25/2007   518189    
***
  2/1/2006   1/25/2007   518266    
***
  1/9/2006   2/26/2007   518271    
***
  1/1/2006       518459    
***
  2/1/2006       518507    
***
  11/28/2005   11/28/2005   518632    
***
  2/1/2006   12/1/2006   520851    
***
  1/28/2006       520857    
***
  1/28/2006       520959    
***
  2/1/2006   8/23/2006   521502    
***
  3/1/2006       521538    
***
  4/1/2006       521543    
***
  4/1/2006       522179    
***
  2/1/2006   5/9/2006   522217    
***
  3/1/2006       523129    
***
  3/1/2006       525060    
***
  4/1/2006       525064    
***
  4/1/2006       525406    
***
  4/1/2006    

9

--------------------------------------------------------------------------------

 

                  Policy       Effective   Termination #   Policyholder   Date  
Date   525632    
***
  4/26/2006       525956    
***
  4/1/2006       526514    
***
  3/1/2006       527434    
***
  4/28/2006       527515    
***
  4/28/2006       528767    
***
  1/25/2006       528870    
***
  4/1/2006   7/7/2006   528883    
***
  6/1/2006       529102    
***
  5/17/2006   10/1/2006   529253    
***
  4/16/2006       530009    
***
  5/1/2006       530927    
***
  6/1/2006       532376    
***
  6/1/2006       532719    
***
  7/1/2006       532727    
***
  7/1/2006       533813    
***
  7/1/2006       533818    
***
  7/1/2006       534014    
***
  7/1/2006       534026    
***
  5/28/2006       534331    
***
  7/1/2006   1/16/2007   534336    
***
  7/1/2006   1/16/2007   535663    
***
  7/1/2006   10/1/2006   536206    
***
  8/1/2006   8/19/2006   536926    
***
  8/6/2006       538492    
***
  8/1/2006       538925    
***
  8/7/2006       539879    
***
  9/1/2006       540257    
***
  7/24/2006   7/24/2006   542302    
***
  8/28/2006   1/1/2007   542608    
***
  9/1/2006       542986    
***
  10/1/2006   1/27/2007   543149    
***
  7/28/2006       543770    
***
  9/9/2006       544043    
***
  9/23/2006       544697    
***
  10/1/2006       545056    
***
  9/25/2006   1/6/2007   545333    
***
  9/11/2006   9/11/2006   545886    
***
  11/1/2006   2/20/2007   545891    
***
  11/1/2006       545901    
***
  11/1/2006       546303    
***
  9/25/2006       546591    
***
  11/1/2006       546881    
***
  11/1/2006       546885    
***
  10/14/2006       547606    
***
  11/1/2006       547607    
***
  11/1/2006    

10

--------------------------------------------------------------------------------

 

                  Policy       Effective   Termination #   Policyholder   Date  
Date   548027    
***
  12/1/2006   3/10/2007   548039    
***
  10/1/2006   12/21/2006   548056    
***
  12/1/2006       549262    
***
  1/1/2007       549993    
***
  12/1/2006       550439    
***
  1/1/2007       550588    
***
  12/1/2006       551508    
***
  12/4/2006   12/21/2006   552481    
***
  1/1/2007       552561    
***
  1/1/2007       552953    
***
  1/1/2007       553575    
***
  1/1/2007       556151    
***
  12/20/2006       556153    
***
  12/24/2006       556155    
***
  1/1/2007   2/14/2007   556157    
***
  1/1/2007   2/14/2007   556161    
***
  1/1/2007       556163    
***
  1/1/2007   2/14/2007   557712    
***
  1/1/2007       559103    
***
  2/1/2007       559109    
***
  1/1/2007   1/1/2007   559124    
***
  1/1/2007   1/2/2007   567965    
***
  2/26/2007       569809    
***
  4/1/2007       569825    
***
  4/1/2007       570491    
***
  4/1/2007       250579    
***
  1/16/2002   5/1/2002   250671    
***
  1/22/2002   3/4/2002   251016    
***
  1/13/2002   3/1/2005   256129    
***
  3/1/2002   7/1/2002   256904    
***
  1/1/2002   6/1/2002   256960    
***
  3/20/2002   6/1/2002   257422    
***
  3/26/2002   6/1/2002   257424    
***
  4/9/2002   4/9/2002   259230    
***
  4/2/2002   11/1/2002   259740    
***
  4/14/2002   7/9/2002   260298    
***
  4/2/2002   8/2/2002   260303    
***
  4/16/2002   7/16/2002   263976    
***
  4/3/2002   6/26/2002   265506    
***
  6/20/2002   3/24/2003   265510    
***
  6/1/2002   11/1/2002   265515    
***
  6/1/2002   9/21/2002   265560    
***
  6/1/2002   10/12/2002   268687    
***
  7/1/2002   7/1/2002   268689    
***
  8/8/2002   11/1/2002   268694    
***
  7/24/2002   11/24/2002

11

--------------------------------------------------------------------------------

 

                  Policy       Effective   Termination #   Policyholder   Date  
Date   269888    
***
  8/1/2002   8/1/2002   269896    
***
  8/1/2002   8/1/2002   269898    
***
  8/1/2002   8/1/2002   269899    
***
  7/18/2002   11/17/2002   274864    
***
  10/15/2002   4/15/2003   274873    
***
  10/16/2002   1/13/2003   274875    
***
  10/16/2002   12/1/2002   274880    
***
  10/16/2002   11/16/2002   274914    
***
  10/16/2002   11/16/2002   275044    
***
  9/12/2002   11/30/2002   280221    
***
  12/1/2002   3/1/2003   280224    
***
  11/1/2002   2/1/2003   280225    
***
  1/1/2003   7/1/2003   280327    
***
  12/4/2002   6/4/2004   281701    
***
  1/1/2003   10/3/2003   282549    
***
  12/10/2002   2/10/2004   283649    
***
  11/20/2002   1/20/2004   286556    
***
  12/27/2002   9/1/2003   288804    
***
  1/21/2003   1/21/2005   293814    
***
  2/1/2003   5/27/2003   293891    
***
  2/27/2003   2/1/2003   310933    
***
  5/1/2003   11/1/2003   315060    
***
  6/12/2003   7/1/2003   315099    
***
  6/12/2003   0/1/2003   315132    
***
  6/2/2003   0/1/2003   343286    
***
  8/21/2003   12/17/2003   355898    
***
  9/15/2003   3/15/2005   360528    
***
  9/1/2003   2/1/2004   373490    
***
  11/11/2003   12/11/2004   375159    
***
  12/3/2003   3/1/2005   386745    
***
  2/1/2004   3/1/2005   388711    
***
  11/26/2003   1/1/2004   390767    
***
  2/1/2004   3/1/2005   390903    
***
  2/6/2004   3/1/2005   390937    
***
  1/7/2004   3/1/2005   397824    
***
  3/3/2004   8/1/2005   397852    
***
  3/3/2004   8/1/2005   397859    
***
  3/3/2004   12/4/2004   397876    
***
  3/3/2004   7/1/2005   397881    
***
  3/3/2004   5/4/2004   398067    
***
  3/3/2004   5/4/2005   398089    
***
  3/15/2004   7/1/2005   398122    
***
  3/3/2004   8/1/2005   398159    
***
  3/3/2004   9/1/2004   401392    
***
  3/1/2004   4/1/2004   406144    
***
  2/19/2004   6/6/2004

12

--------------------------------------------------------------------------------

 

                  Policy       Effective   Termination #   Policyholder   Date  
Date   421429    
***
  4/16/2004   7/1/2004   421796    
***
  5/6/2004   3/1/2005   428137    
***
  5/11/2004   6/1/2004   442733    
***
  7/13/2004   10/4/2004   452935    
***
  8/13/2004   3/1/2005   454038    
***
  9/8/2004   3/1/2005   459689    
***
  10/2/2004   3/1/2005   462574    
***
  11/19/2004   3/1/2005   463573    
***
  11/24/2004   1/3/2005   464871    
***
  12/1/2004   3/1/2005   465323    
***
  9/2/2004   7/1/2005

13

--------------------------------------------------------------------------------

 

     Section 1.5. Policies, Rates and Factors. Exhibit D to the MP Financial
Agreement is hereby amended and restated in its entirety, effective January 1,
2008 to read as follows:

14

--------------------------------------------------------------------------------

 

Exhibit D – Policies, Rates and Factors

I.   The definition of “Policy” for purposes of Section 1(s) of the Agreement
shall be as follows:

  •   Effective January 1, 2008:

  o   Policy No. 701648 (Medical ***) (“Policy”)

II.   The “Maximum Monthly Employer Benefit Obligation” shall be the following:

  •   Effective January 1, 2008:

  o   *** of the Quoted Premium for each Policy

  •   Effective January 1, 2009:

  o   *** of the Quoted Premium for each Policy

  •   Effective January 1, 2010:

  o   *** of the Quoted Premium for each Policy

III.   The “MP Premium” shall be the following:

  •   Effective January 1, 2008:

  o   *** of the Quoted Premium for each Policy

  •   Effective January 1, 2009:

  o   *** of the Quoted Premium for each Policy

  •   Effective January 1, 2010:

  o   *** of the Quoted Premium for each Policy

IV.   The “Expense Percentage” shall be the following:

  •   Effective January 1, 2008:

  o   *** for the Policies and Non-MP Policies

  •   Effective January 1, 2009:

  o   *** for the Policies and Non-MP Policies

15

--------------------------------------------------------------------------------

 

  •   Effective January 1, 2010:

  o   *** for the Policies and Non-MP Policies

V.   If the Pooling Option is elected by the Employer, the Pooling Charge shall
be based on Employees covered under a Policy or Non-MP Policy (“Covered
Employees”) and shall be as follows:

  •   With respect to the 2005 Arrangement Year,

  o   *** per Covered Employee per Arrangement Month.

      For example, assuming that the number of covered Employees for each month
of 2005 remains constant at 46,871, the annual Pool Charge for the 2005
Arrangement Year would be the product of (i) 46,871 multiplied by *** and
(ii) 12 months, which would equal approximately ***.

  •   with respect to the 2006 Arrangement year,

  o   an amount determined by the Company, but in no event greater than *** per
Covered Employee per Arrangement Month.

  •   with respect to the 2007 Arrangement year,

  o   an amount determined by the Company, but in no event greater than *** per
Covered Employee per Arrangement Month.

VI.   The percentages contained in this Exhibit D assume an estimated premium
tax expense and assessments of *** . The parties agree to review and revise the
percentages described in Exhibit D to maintain profit/risk and administrative
charges described in the Letter of Agreement dated April 21, 2007 if the actual
incurred premium tax expense and assessments total more or less than *** .

16

--------------------------------------------------------------------------------

 

ARTICLE II
COOPERATION
     Section 2.1 Cooperation. The Parties agree to execute such further
documents and to take such further actions as may be necessary to implement and
carry out the terms and conditions of this Amendment.
ARTICLE III
EFFECTIVE DATE OF AMENDMENT
     Section 3.1 Effective Date. This Amendment shall be effective as of
January 1, 2008, unless otherwise stated herein.
[The balance of this page intentionally is left blank. The signature page
follows.]

17

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     IN WITNESS WHEREOF, the parties have caused this Amendment to the MP
Financial Agreement to be executed as of the date set forth in the preamble.

              ADMINISTAFF OF TEXAS, IN   UNITED HEALTHCARE INSURANCE COMPANY
 
           
By:
  /s/ Richard G. Rawson   By:   /s/ Kenneth A. Burdick
 
                Authorized Signature   Authorized Signature
 
           
Name:
  Richard G. Rawson   Name:   Kenneth A. Burdick
Title:
  President   Title:   Vice President
Date:
  July 2, 2007   Date:   July 2, 2007

18