Document:

Employment agreement, effective as of December 1, 2006

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 This Agreement is between David Wichmann (“Executive”) and United
HealthCare Services, Inc. (“UnitedHealth Group”), and is effective as of December 1, 2006 (the “Effective Date”). This Agreement’s purposes are to set forth certain terms of Executive’s employment by UnitedHealth
Group or one of its affiliates and to protect UnitedHealth Group’s knowledge, expertise, customer relationships, and confidential information. Unless the context otherwise requires, “UnitedHealth Group” includes all its affiliated
entities. 
  

	1.	Employment and Duties. 

  

	 	A.	Employment. UnitedHealth Group hereby employs Executive, and Executive accepts employment, under this Agreement’s terms. 

  

	 	B.	Title and Duties. Executive will be employed as Executive Vice President, UnitedHealth Group and President, Individual and Employer Markets Group. Executive will perform such
duties, have such authority, and exercise such supervision and control as are commonly associated with Executive’s position, as well as perform such other duties as are reasonably assigned to Executive. Executive will devote substantially all
of Executive’s business time and energy to Executive’s duties. Executive will maintain operations in Executive’s area of responsibility, and make every reasonable effort to ensure that the employees within that area of responsibility
act, in compliance with applicable law and UnitedHealth Group’s Principles of Integrity and Compliance. Executive is subject to all of UnitedHealth Group’s employment policies and procedures (except as specifically superseded by this
Agreement). 

  

	2.	Compensation and Benefits. 

  

	 	A.	Base Salary. Executive’s initial annual base salary will be $675,000, payable according to UnitedHealth Group’s regular payroll schedule. Periodic adjustments to
Executive’s base salary may be made. 

  

	 	B.	Incentive Compensation. Executive will be eligible to participate in UnitedHealth Group’s incentive compensation plans in UnitedHealth Group’s discretion and in
accordance with the plans’ terms and conditions. Executive’s initial target bonus potential will be 90% of annual base salary, subject to periodic adjustments. 

  

	 	C.	Equity Awards. Executive will be eligible for stock-based awards in UnitedHealth Group’s discretion. 

  

	 	D.	 Employee Benefits. Executive will be eligible to participate in UnitedHealth Group’s employee welfare, retirement, and other benefit plans on the same
basis as other similarly situated executives, in accordance with the terms of the plans. Executive will be eligible for Paid Time Off in accordance with UnitedHealth 

	 	 
Group’s policies. UnitedHealth Group reserves the right to amend or discontinue any plan or policy at any time in its sole discretion. In addition to
the Company’s generally available benefits, the Company shall provide Executive, at the Company’s expense during the term of Executive’s employment, a $2 million face value term life insurance policy and a long term disability policy
which covers 60% of base salary in the event of a qualifying long term disability, subject to the policy terms. 

  

	3.	Term and Termination. 

  

	 	A.	Term. This Agreement’s term is from the Effective Date until this Agreement is terminated under Section 3.B. 

  

	 	B.	Termination. 

  

	 	i.	By Mutual Agreement. The parties may terminate Executive’s employment and this Agreement at any time by mutual agreement. 

  

	 	ii.	By UnitedHealth Group without Cause. UnitedHealth Group may terminate this Agreement and Executive’s employment without Cause upon 90 days’ prior written notice.

  

	 	iii.	By UnitedHealth Group with Cause. UnitedHealth Group may terminate this Agreement and Executive’s employment at any time for Cause. “Cause” means
Executive’s (a) material failure to follow UnitedHealth Group’s reasonable direction or to perform any duties reasonably required on material matters, (b) material violation of, or failure to act upon or report known or suspected
violations of, UnitedHealth Group’s Principles of Integrity and Compliance, (c) conviction of a felony, (d) commission of any criminal, fraudulent, or dishonest act in connection with Executive’s employment, (e) material
breach of this Agreement, or (f) conduct that is materially detrimental to UnitedHealth Group’s interests. UnitedHealth Group will, within 120 days of the discovery of the conduct, give Executive written notice specifying the conduct
constituting Cause in reasonable detail, and Executive will have 60 days to remedy such conduct, if such conduct is reasonably capable of being remedied. In any instance where the Company may have grounds for Cause, failure by the Company to provide
written notice of the grounds for Cause within 120 days of discovery shall be a waiver of its right to assert the subject conduct as a basis for termination for Cause. 

  

	 	iv.	By Executive without Good Reason. Executive may terminate this Agreement and Executive’s employment at any time for any reason, including due to Executive’s
retirement. 

	 	v.	By Executive for Good Reason. Executive may terminate this Agreement and Executive’s employment for Good Reason, as defined below. Executive must give UnitedHealth Group
written notice specifying in reasonable detail the circumstances constituting Good Reason, within 120 days of becoming aware of such circumstances, or such circumstances will not constitute Good Reason. If the circumstances constituting Good Reason
are reasonably capable of being remedied, UnitedHealth Group will have 60 days to remedy such circumstances. “Good Reason” will exist if, without Executive’s consent, UnitedHealth Group: (a) reduces Executive’s base salary
or long or short term target bonus percentage other than in connection with a general reduction affecting a group of similarly situated employees; (b) moves Executive’s primary work location more than 50 miles; (c) makes changes that
substantially diminish Executive’s duties or responsibilities; or (d) changes the Executive’s reporting relationship. 

  

	 	vi.	Due to Executive’s Death or Disability. This Agreement and Executive’s employment will terminate automatically if Executive dies. The termination date will be the
date of Executive’s death. UnitedHealth Group may terminate this Agreement and Executive’s employment due to Executive’s disability that renders Executive incapable of performing the essential functions of Executive’s job, with
or without reasonable accommodation. Executive will not be entitled to Severance Benefits under Section 4 in the event of termination due to Executive’s death or disability. 

  

	4.	Severance Benefits. 

  

	 	A.	Circumstances under Which Severance Benefits Payable. Executive will be entitled to Severance Benefits only if Executive’s employment is terminated by UnitedHealth Group
without Cause or if Executive terminates employment for Good Reason. The Severance Benefits in this Agreement are in lieu of any payments or benefits to which Executive otherwise might be entitled under any UnitedHealth Group severance plan or
program. 

  

	 	B.	Severance Benefits. Executive will be entitled to the following Severance Benefits in the event Executive’s employment terminates under the circumstances described at
Section 4A above: 

 (1) two times the Executive’s annualized base salary as of Executive’s termination date.

 (2) two times the average of the total of any bonus or incentive compensation paid or payable to
Executive for the two most recent calendar years (excluding equity-related awards, payments under any long-term or similar benefit plan, or any other special or one-time bonus or incentive compensation payments). 
 (3) $12,000 payment to offset costs of COBRA 
 (4) Outplacement services consistent with those provided to similarly situated executives provided by an outplacement firm selected by UnitedHealth Group. 
 Subject to the provisions §416(i) of the Internal Revenue Code, all payments in (1)-(2) above will be less applicable deductions, including deductions for tax withholding, and will be paid bi-weekly on the
regular payroll cycle over the 24 month severance period. Executive and the Company agree that this Section 4 will not have the effect of extending the vesting period of any equity awards granted prior to the date hereof. 
  

	 	C.	Separation Agreement and Release Required. In order to receive any Severance Benefits under this Agreement, Executive must sign a separation agreement and release of claims
substantially in the form attached hereto. 

  

	5.	Property Rights, Confidentiality, Non-Disparagement, and Restrictive Covenants. 

  

	 	A.	UnitedHealth Group’s Property. 

  

	 	i.	Assignment of Property Rights. Executive must promptly disclose in writing to UnitedHealth Group all inventions, discoveries, processes, procedures, methods and works of
authorship, whether or not patentable or copyrightable, that Executive alone or jointly conceives, makes, discovers, writes or creates, during working hours or on Executive’s own time, during this Agreement’s term (the “Works”).
Executive hereby assigns to UnitedHealth Group all Executive’s rights, including copyrights and patent rights, to all Works. Executive must assist UnitedHealth Group as it reasonably requires to perfect, protect, and use its rights to the
Works. This provision does not apply to any Work for which no UnitedHealth Group equipment, supplies, facility or trade secret information was used and: (1) which does not relate directly to UnitedHealth Group’s business or actual or
demonstrably anticipated research or development, or (2) which does not result from any work performed for UnitedHealth Group. 

  

	 	ii.	No Removal of Property. Executive may not remove from UnitedHealth Group’s premises any UnitedHealth Group records, documents, data or other property, in either original
or duplicate form, except as necessary in the ordinary course of UnitedHealth Group’s business. 

	 	iii.	Return of Property. Executive must immediately deliver to UnitedHealth Group, upon termination of employment, or at any other time at UnitedHealth Group’s request, all
UnitedHealth Group property, including records, documents, data, and equipment, and all copies of any such property, including any records or data Executive prepared during employment. 

  

	 	B.	Confidential Information. Executive will be given access to and provided with sensitive, confidential, proprietary and trade secret information (“Confidential
Information”) in the course of Executive’s employment. Examples of Confidential Information include: inventions; new product or marketing plans; business strategies and plans; merger and acquisition targets; financial and pricing
information; computer programs, source codes, models and databases; analytical models; customer lists and information; and supplier and vendor lists and information. Executive agrees not to disclose or use Confidential Information, either during or
after Executive’s employment with UnitedHealth Group, except as necessary to perform Executive’s UnitedHealth Group duties or as UnitedHealth Group may consent in writing. This Agreement does not restrict use or disclosure of publicly
available information or information: (i) that Executive obtained from a source other than UnitedHealth Group before becoming employed by UnitedHealth Group; or (ii) that Executive received from a source outside UnitedHealth Group without
an obligation of confidentiality. 

  

	 	C.	Non-Disparagement. Executive agrees not to criticize, make any negative comments or otherwise disparage UnitedHealth Group or those associated with it, whether orally, in
writing or otherwise, directly or by implication, to any person or entity, including UnitedHealth Group customers and agents. 

  

	 	D.	Restrictive Covenants. Executive agrees to the restrictive covenants in this Section in consideration of Executive’s employment and UnitedHealth Group’s promises in
this Agreement, including providing Executive access to Confidential Information. The restrictive covenants in this Section apply during Executive’s employment and for 24 months following termination of employment for any reason. Executive
agrees that he will not, without UnitedHealth Group’s prior written consent, directly or indirectly, for Executive or for any other person or entity, as agent, employee, officer, director, consultant, owner, principal, partner or shareholder,
or in any other individual or representative capacity: 

  

	 	i.	Customer Solicitation: Executive will not engage in, or attempt to engage in, any business competitive with any UnitedHealth Group business with any person or entity who:
(a) was a UnitedHealth Group provider or customer within the 12 months before Executive’s employment termination and (b) with whom Executive had contact to further UnitedHealth Group’s business or for whom Executive performed
services, or supervised the provision of services for, during Executive’s employment. 

	 	ii.	Employee Solicitation: Executive will not hire, employ, recruit or solicit any UnitedHealth Group employee or consultant. 

  

	 	iii.	Interference: Executive will not induce or influence any UnitedHealth Group employee, consultant, customer or provider to terminate his, her or its employment or other
relationship with UnitedHealth Group. 

  

	 	iv.	Competitive Activities: Executive will not engage or participate in, or in any way render services or assistance to, any business that competes, directly or indirectly, with
any UnitedHealth Group product or service that Executive participated in, engaged in, or had Confidential Information regarding, during Executive’s employment; provided, however, that this Section 5.D.iv. will not prevent Executive from
being employed by, or working as a consultant to, or serving on the board of, or being an owner or an investor in, a private equity firm. 

  

	 	v.	Assisting Others: Executive will not assist anyone in any of the activities listed above. 

  

	 	E.	Cooperation and Indemnification. Executive agrees that Executive will cooperate (i) with UnitedHealth Group in the defense of any legal claim involving any matter that
arose during Executive’s employment with UnitedHealth Group, and (ii) with all government authorities on matters pertaining to any investigation, litigation or administrative proceeding concerning UnitedHealth Group. UnitedHealth Group
will reimburse Executive for any reasonable travel and out-of-pocket expenses incurred by Executive in providing such cooperation. UnitedHealth Group will indemnify Executive, in accordance with the Minnesota Business Corporation Act, for all claims
and other covered matters arising in connection with Executive’s employment. 

  

	 	F.	Injunctive Relief. Executive agrees that (a) legal remedies (money damages) for any breach of Section 5 will be inadequate, (b) UnitedHealth Group will suffer
immediate and irreparable harm from any such breach, and (c) UnitedHealth Group will be entitled to injunctive relief from a court in addition to any legal remedies UnitedHealth Group may seek in arbitration. If an arbitrator or court
determines that Executive has breached any provision of Section 5, Executive agrees to pay to UnitedHealth Group its reasonable costs and attorney’s fees incurred in enforcing that provision. 

  

	 	G.	Survival. This Section 5 will survive this Agreement’s termination. 

	6.	Miscellaneous. 

  

	 	A.	Tax Withholding. All compensation payable under this Agreement will be subject to applicable tax withholding and other required or authorized deductions.

  

	 	B.	Assignment. Executive may not assign this Agreement. UnitedHealth Group may assign this Agreement. Any successor to UnitedHealth Group will be deemed to be UnitedHealth Group
under this Agreement. 

  

	 	C.	Notices. All notices under this Agreement must be hand delivered or sent by facsimile, e-mail, or registered or certified mail to the party’s address below or to the
party’s current address at the time of notice. 

  

					
	UnitedHealth Group:	  	UnitedHealth Group	  	
		  	Attn: Vice President, Employee Relations	  	
		  	9900 Bren Road East	  	
		  	Minnetonka, MN 55343	  	
			
	Executive:	  	David Wichmann	  	
		  	7000 Antrim Road	  	
		  	Edina, MN 55439	  	

  

	 	D.	Entire Agreement, Amendment. This Agreement contains the parties’ entire agreement regarding its subject matter and may only be amended in a writing signed by the
parties. This Agreement supersedes any and all prior oral or written employment agreements (including letters and memoranda) between Executive and UnitedHealth Group or its predecessors. This Agreement does not supersede any stock option, restricted
stock, or stock appreciation rights plan or award certificate. 

  

	 	E.	Choice of Law. Minnesota law governs this Agreement. 

  

	 	F.	Waivers. No party’s failure to exercise, or delay in exercising, any right or remedy under this Agreement will be a waiver of such right or remedy, nor will any single
or partial exercise of any right or remedy preclude any other or further exercise of such right or remedy. 

  

	 	G.	Narrowed Enforcement and Severability. If a court or arbitrator decides that any provision of this Agreement is invalid or overbroad, the parties agree that the court or
arbitrator should narrow such provision so that it is enforceable or, if narrowing is not possible or permissible, such provision should be considered severed and the other provisions of this Agreement should be unaffected. 

 

	 	H.	 Dispute Resolution and Remedies. Except for injunctive relief under Section 5.F, any dispute between the parties relating to this Agreement or to
Executive’s 

	 	 
employment will be resolved by binding arbitration under UnitedHealth Group’s Employment Arbitration Policy, as it may be amended from time to time. The
arbitrator(s) may not vary this Agreement’s terms and must apply applicable law. 

  

							
	United HealthCare Services, Inc.	 		 	David Wichmann
				
	By	 	 /s/ Dannette L. Smith
	 		 	 /s/ David Wichmann

	Its	 	Assistant Secretary	 		 	
				
	Date	 	April 17, 2007	 		 	Date April 17, 2007FORM OF EMPLOYEE NON-QUALIFIED STOCK OPTION AGREEMENT

 Exhibit 10.4 
 NONQUALIFIED STOCK OPTIONS 
 FOR NAMED EXECUTIVE OFFICERS 
  
  

					
	 	  	 GRANT DATE
	  	 OPTIONS GRANTED

	 John P. McGrath
	  	2/11/08	  	8,000

 Employee: 
 You have been
granted a Non-Qualified Stock Option to purchase              shares of Common Stock of the Company, subject to the terms and conditions (i) in the Company’s 2007 Stock
Incentive Plan, as amended from time to time (the “Plan”), and (ii) as set forth in Exhibit A, attached hereto and made a part hereof (together with this letter, the “Agreement”), as follows: 
  

			
	 Date of Agreement/Grant:
	  	[grant date]
	 Restricted Shares Granted:
	  	[number of options granted]
	 Expiration Date:
	  	[to be determined]
	 Vesting Schedule:
	  	25% per year for 4 years

 Please indicate your acceptance by executing two (2) original copies of this Agreement and returning one

	(1)	original copy by U.S. Mail to Cindy Freeze. 

 Very truly yours, 
 Martin L. Vaughan, III 
 By my signature below, I hereby acknowledge receipt of this Award on the date shown above, which has been issued to me under the terms and conditions of the Plan. I further acknowledge receipt of the copy of the Plan
and agree to conform to all of the terms and conditions of the Award and the Plan. 
  

							
	 Signature:
	 	  
	  	Date:	 	  

				
		 	Optionee’s Name	  		 	

 Note: If there are any discrepancies in the name or address shown above, please make the appropriate corrections
on this form. 
  

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 EXHIBIT A 
 TERMS AND CONDITIONS 
 STOCK OPTION AGREEMENT 
 1.    Exercise of Option. Except as provided in paragraphs 4, 5, 6, 11 and 12 of these Terms and Conditions, this Option shall
be exercisable as set forth in the Vesting Schedule for each full year, up to a total of four (4) full years, that Optionee continues to be employed by the Company after the date of this Agreement. Once this Option has become exercisable with
respect to any portion of the total number of shares in accordance with the preceding sentence, it shall continue to be exercisable with respect to such shares until the termination of Optionee’s rights hereunder pursuant to paragraphs 4, 5 or
6, or until the Expiration Date. A partial exercise of this Option shall not affect Optionee’s right to exercise subsequently this Option with respect to the remaining shares that are exercisable, subject to the conditions of the 2007 Stock
Incentive Plan (Plan) and this Agreement. 
 2.    Method of Exercising and Payment for Shares. This Option may be
exercised only by written notice delivered to the attention of the Company’s Secretary at the Company’s principal office. The written notice shall specify the number of shares being acquired pursuant to the exercise of the Option when such
Option is being exercised in part in accordance with the Vesting Schedule. The exercise date shall be the date such notice is received by the Company. Such notice shall be accompanied by payment of the Option price in full for each share (a) in
cash (United States dollars) or by cash equivalent acceptable to the Company, or (b) by a cashless exercise pursuant to Section IX(2) of the Plan. 
 3.    Transferability. 
 (a)    Except as
otherwise provided in paragraph 3(b), the Option is not transferable and during the Participant’s life, may be exercised only by the Participant. Transfers at death are governed by paragraph 4 below. 
 (b)    The Participant may transfer the Option during his or her lifetime for no consideration to or for the benefit
of the Participant’s Immediate Family, subject to such limits as the Committee may establish, and the transferee shall remain subject to all the terms and conditions applicable to the Option prior to such transfer. The foregoing right to
transfer the Option shall apply to the right to consent to amendments to this Agreement and, in the discretion of the Committee, shall also apply to the right to transfer ancillary rights associated with the Option. 
 (c)    The term “Immediate Family” shall mean Participant’s child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the Participant’s
household (other than a tenant or employee), a trust in which these persons have more than fifty percent of the beneficial interest, a foundation in which these persons (or the Participant) control the management of assets, and any other entity in
which these persons (or the Participant) own more than fifty percent of the voting interests. The following transactions are not prohibited transfers for consideration: (i) a transfer under a domestic relations order in settlement of marital
property rights; and (ii) a transfer to an entity in which more than fifty percent of the voting interests are owned by the Immediate Family (or the Participant) in exchange for an interest in that entity. 
 4.    Exercise in the Event of Death. This Option shall be exercisable in full in the event that Optionee dies while employed
by the Company or an Affiliate and prior to the Expiration Date of this Option. In that event, this Option may be exercised by Optionee’s estate, or the person or persons to whom his rights under this Option shall pass by will or the laws of
descent and distribution. Optionee’s estate or such persons must exercise this Option, if at all, within one year of the date of Optionee’s death or during the remainder of the period preceding the Expiration Date, whichever is shorter,
but in no event may the Option be exercised prior to the expiration of six (6) months from the date of the grant of the Option. 
  

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 5.    Exercise in the Event of Permanent and Total Disability. This Option
shall be exercisable in full if Optionee becomes Disabled while employed by the Company or an Affiliate and prior to the Expiration Date of this Option. In that event, Optionee must exercise this Option, if at all, within one year of the date he
becomes Disabled or during the remainder of the period preceding the Expiration Date, whichever is shorter, but in no event may the Option be exercised prior to the expiration of six (6) months from the date of the grant of the Option.

 6.    Exercise After Termination of Employment. In the event that the Optionee retires from employment with the
Company after attaining age 62 and serving at least 10 consecutive years with the Company or an Affiliate or predecessor thereof, then this Option shall be exercisable in full but must be exercised by the Optionee, if at all, within one year
following his retirement date or during the remainder of the period preceding the Expiration Date, whichever is shorter, but in no event may the Option be exercised prior to the expiration of six (6) months from the date of the grant of the
Option. In all events other than those events addressed in paragraphs 4 or 5 or the foregoing sentence of this paragraph 6, in which Optionee ceases to be employed by the Company: (a) Optionee, subject to the provisions of paragraph 12, may
exercise the Option in whole or in part with respect to that number of shares which are exercisable by him under the Vesting Schedule on the date his employment terminated, and (b) this Option must be exercised by Optionee, if at all, within
ninety (90) days following the date upon which he ceases to be employed by the Company or during the remainder of the period preceding the Expiration Date, whichever is shorter, but in no event may the Option be exercised prior to the
expiration of six (6) months from the date of the grant of the Option. 
 7.    Fractional Shares. Fractional
shares shall not be issuable hereunder, and when any provision hereof may entitle Optionee to a fractional share such fraction shall be disregarded. 
 8.    No Right to Continued Employment. This Option does not confer upon Optionee any right with respect to continuance of employment by the Company or an Affiliate, nor shall it interfere
in any way with the right of the Company or an Affiliate to terminate his employment at any time. 
 9.    Investment
Representation. Optionee agrees that, unless such shares previously have been registered under the Securities Act of 1933, as amended (the “Securities Act”): (i) any shares purchased by him hereunder will be purchased for
investment and not with a view to distribution or resale and (ii) until such registration, certificates representing such shares may bear an appropriate legend to assure compliance with the Securities Act. This investment representation shall
terminate when such shares have been registered under the Securities Act. 
 10.    Change in Capital Structure.
Subject to any required action by the shareholders of the Company, the number of shares of Common Stock covered by this Option, and the price per share thereof, shall be proportionately adjusted by the Company for any increase or decrease in the
number of issued and outstanding shares of Common Stock of the Company resulting from any stock dividend (but only on the Common Stock), stock split, combination, reclassification, recapitalization or general issuance to holders of Common Stock of
rights to purchase Common Stock at substantially below its then fair market value, or any change in the number of such shares outstanding effected without receipt of cash or property or labor or services by the Company, or any spin-off or other
distribution of assets to shareholders. 
 In the event of a change in the Common Stock of the Company as presently constituted, which is
limited to a change of all or a part of its authorized shares without par value into the same number of shares with a par value, or any subsequent change into the same number of shares with a different par value, the shares resulting from any such
change shall be deemed to be the Common Stock within the meaning of the Plan. 
 The grant of this Option pursuant to the Plan shall not
affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge or to consolidate or to dissolve, liquidate or sell, or transfer all or any part
of its business or assets. 
  

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 11.    Change of Control. Notwithstanding any other provision of this
Agreement to the contrary, in the event of a Change of Control, the provisions of Section 12.03 of the Plan shall apply to this Option. 
 12.    Forfeiture of Certain Gains. 
 (a)    Termination for
Cause. If Optionee’s employment is terminated for “Cause” within one year of any exercise of this Option, in whole or in part, the Optionee shall pay to the Company an amount equal to the gain realized by Optionee from such
exercise represented by the excess of the Fair Market Value on the date of exercise over the Option price multiplied by the number of shares purchased, without regard to any subsequent market price increase or decrease (“Option Gain”). For
purposes of this paragraph, “Cause” shall have the meaning ascribed to it in any employment agreement between the Optionee and the Company that is in effect at the time of termination and, if no such agreement exists, it shall mean:

 (i)    the willful and continued failure of the Optionee to perform substantially the Optionee’s
duties with the Company or one of its affiliates (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Optionee by the Company which
specifically identifies the manner in which the Company believes that the Optionee has not substantially performed the Optionee’s duties, or 
 (ii)    the willful engaging by the Employee in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Company. 
 (b)    Forfeiture if Optionee Engages in Certain Activities. If Optionee, between the date hereof and one year
after the date of termination of Optionee’s employment, engages in any activity in competition with any activity of the Company, or inimical, contrary or harmful to the interests of the Company, including but not limited to (i) accepting
employment with or serving as a consultant advisor or in any other capacity to an employer that is in competition with or acting against the interests of the Company, (ii) disclosing or misusing any confidential information or material
concerning the Company or (iii) participating in any hostile takeover attempt, then (1) this Option, including any vested but unexercised shares, shall terminate effective the date on which Optionee enters into such activity, unless
terminated sooner by operation of another term or condition of this Agreement or the Plan, and (2) the Optionee shall pay to the Company an amount equal to the Option Gain realized by Optionee from any exercise of this Option, in whole or in
part, within one year of the date such activity began. 
 (c)    Right of Set-off. Optionee hereby
consents to a deduction from any amounts owed by the Company to Optionee from time to time (including amounts owed as wages or other compensation, fringe benefits or vacation pay, to the extent of any amounts Optionee owes the Company under
paragraphs 12(a) and (b). Whether or not the Company elects to make any set-off in whole or in part, if Company does not recover by means of set-off the full amount owed by Optionee under paragraphs 12(a) and (b), Optionee agrees to immediately pay
the unpaid balance to the Company. 
 13.    Governing Law. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the Commonwealth of Virginia, except to the extent that federal law shall be deemed to apply. 
 14.    Conflicts. In the event of any conflict between the provisions of the Plan as in effect on the date hereof and the provisions of this Agreement, the provisions of the Plan shall govern. All references
herein to the Plan shall mean the Plan as in effect on the date hereof. 
 15.    Optionee Bound by Plan. Optionee
hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof. 
 16.    Binding Effect. Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon and inure to the benefit of the legatees, distributes, and personal representatives of Optionee
and the successors of the Company. 
  

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 17.    Gender. All pronouns used herein shall be deemed to refer to either the
male or female as appropriate. 
 18.    Notice and Consent to Electronic Delivery. The Company expects to
deliver notices and certain documents relating to its employee benefit plans by posting the information on the Company’s web site, intranet or electronic bulletin board or transmitting the material to employees by e-mail. These documents
include employee benefits plans and any amendments thereto, election forms, prospectuses, supplements to prospectuses, annual reports to shareholders, informational brochures and similar information. The Company will provide you with e-mail
notification of the posting of any of the foregoing documents. This method of notification and access to documents relating to employee benefit plans will be in lieu of paper delivery of the same documents. To satisfy legal requirements, your
signature is an affirmative election to accept electronic notification and delivery of these documents in lieu of paper delivery, as well as all other terms of the award. 
 19.    Defined Terms. All terms used herein that are defined in the Plan shall have the meanings given to them in the Plan. 
  

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