Back to Form 8-K [form8-k.htm]

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Exhibit 10.3

WELLCARE HEALTH PLANS, INC.

Summary of Compensation for Non-Employee Directors

Effective for the first fiscal quarter following June 6, 2006, the compensation
payable to the non-employee members of the board of directors of WellCare Health
Plans, Inc. (the “Company”) shall be as follows:

·  
An annual retainer of $27,500, payable quarterly in arrears.

·  
The chairperson of the audit committee shall receive an additional annual
retainer of $5,000, payable quarterly in arrears.

·  
Each non-chair member of the audit committee shall receive an additional annual
retainer of $2,500, payable quarterly in arrears.

·  
Each director shall be reimbursed for customary expenses for attending all board
of directors, committee and stockholder meetings.

·  
Directors are also eligible for discretionary grants of equity under the 2004
Equity Incentive Plan (or any other or successor plan).