Document:

Amendment No. 2 to Foundation Health Systems, Inc. Amended and Restated 1998 SOP

 EXHIBIT 10.32 
 AMENDMENT NUMBER TWO 
 TO THE 
 FOUNDATION HEALTH SYSTEMS, INC. 
 AMENDED AND RESTATED 
 1998 STOCK OPTION PLAN 
 WHEREAS, Health Net, Inc. (the “Company”) maintains the Foundation Health Systems, Inc. Amended and Restated 1998 Stock Option Plan (the “Plan”) for the benefit of key employees and directors of the Company;

 WHEREAS, the Company desires to amend the Plan to permit the Company to withhold fractional shares of common stock of the Company,
par value $0.001 (“Common Stock”); and 
 WHEREAS, the Board of Directors of the Company (the “Board”) has the
power to amend the Plan pursuant to Section 6.2 thereof; and 
 WHEREAS, the Compensation Committee of the Board has recommended
that the Board amend the Plan as provided below. 
 NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as follows:

  

	1.	Section 4.2(c) of the Plan is hereby amended by deleting the second sentence thereof, which states “If payment is to be made by delivery of Mature Shares, any fraction of
a share of Common Stock which would be required to pay such purchase price shall be disregarded and the remaining amount due shall be paid in cash by the optionee” and replacing it with the following sentence: 

 “In the event the Company rounds up and withholds a whole share of Common Stock in order to satisfy the exercise price obligation in respect of the
exercise price of any fraction of a share of Common Stock, the Company shall refund an amount in cash to optionee, which amount shall equal the difference between the Fair Market Value of the whole share of Common Stock withheld to satisfy the
exercise price obligation, less the Fair Market Value of such fractional share of Common Stock.” 
  

	2.	Section 6.5 of the Plan is hereby amended by deleting the last sentence thereof: “Any fraction of a share of Common Stock which would be required to satisfy such an
obligation shall be disregarded and the remaining amount due shall be paid in cash by the holder” and replacing it with the following sentence: 

 “Notwithstanding the foregoing sentence, in the event the Company rounds up and withholds a whole share of Common Stock in order to satisfy such tax obligation in respect of any fraction of a share of Common
Stock, the Company shall refund an amount in cash to optionee, which amount shall equal the difference between the Fair Market Value of the whole share of Common Stock withheld to satisfy such tax obligation, less the Fair Market Value of such
fractional share of Common Stock.” 

 IN WITNESS WHEREOF, Health Net, Inc. has
caused this instrument to be signed on this 14th day of January, 2009. 
  

			
	HEALTH NET, INC.
		
	 By:
	 	 /s/ Karin Mayhew

	 Name:
	 	Karin Mayhew
	 Title:
	 	 Senior Vice President,
Organization EffectivenessAmendment No. 1 to Health Net 2005 Long-Term Incentive Plan

 EXHIBIT 10.35 
 AMENDMENT NUMBER ONE 
 TO THE 
 HEALTH NET, INC. 
 2005 LONG-TERM INCENTIVE PLAN 
 WHEREAS, Health Net, Inc. (the “Company”) maintains the Health Net, Inc. 2005 Long-Term Incentive Plan (the “Plan”) for the
benefit of key salaried employees and persons expected to become key salaried employees of the Company; 
 WHEREAS, the Company
desires to amend the Plan to clarify that awards made under the Plan are intended to comply with, or be exempt from, the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations and Internal
Revenue Service guidance issued thereunder; 
 WHEREAS, the Board of Directors of the Company (the “Board”) has the power to
amend the Plan pursuant to Section 8.2 thereof; and 
 WHEREAS, the Compensation Committee of the Board has recommended that the
Board amend the Plan as provided below. 
 NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as follows: 
  

	1.	By adding the following Section 8.15: 

 “8.15
Section 409A Compliance. Awards under the Plan are intended to comply with, or be exempt from, Section 409A of the Code and all awards shall be interpreted in accordance with Section 409A and the Treasury Regulations and other
Internal Revenue Service guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the effective date of the Plan. Notwithstanding any provision of the Plan or any Agreement to the
contrary, in the event that the Committee determines that any award may or does not comply with, or satisfy an exemption from, Section 409A of the Code, the Company may adopt such amendments to the Plan and the affected award or Agreement
(without Participant consent) or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee determines are necessary or appropriate to (i) exempt
any award from the application of Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to award, or (ii) comply with the requirements of Section 409A of the Code.” 

 IN WITNESS WHEREOF, Health Net, Inc. has
caused this instrument to be signed on this 4th day of December, 2008. 
  

			
	HEALTH NET, INC.
		
	By:	 	 /s/ Karin Mayhew

	Name:	 	Karin Mayhew
	Title:	 	Senior Vice President, Organization
		 	EffectivenessAmendment No. 2 to Health Net 2005 Long-Term Incentive Plan

 EXHIBIT 10.36 
 AMENDMENT NUMBER TWO 
 TO THE 
 HEALTH NET, INC. 
 2005 LONG-TERM INCENTIVE PLAN 
 WHEREAS, Health Net, Inc. (the “Company”) maintains the Health Net, Inc. 2005 Long-Term Incentive Plan, as amended (the
“Plan”) for the benefit of key employees and directors of the Company; 
 WHEREAS, the Company desires to amend the Plan to
permit the Company to withhold fractional shares of common stock of the Company, par value $0.001 (“Common Stock”); and 
 WHEREAS, the Board of Directors of the Company (the “Board”) has the power to amend the Plan pursuant to Section 8.2 thereof; and 
 WHEREAS, the Compensation Committee of the Board has recommended that the Board amend the Plan as provided below. 
 NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as follows: 
  

	1.	Section 4.2(c) of the Plan is hereby amended by deleting the third sentence thereof, which states “Any fraction of a share of Common Stock which would be required to pay
such purchase price shall be disregarded and the remaining amount due shall be paid in cash by the optionee” and replacing it with the following sentence: 

 “In the event the Company rounds up and withholds a whole share of Common Stock in order to satisfy the exercise price obligation in respect of the
exercise price of any fraction of a share of Common Stock, the Company shall refund an amount in cash to optionee, which amount shall equal the difference between the Fair Market Value of the whole share of Common Stock withheld to satisfy the
exercise price obligation, less the Fair Market Value of such fractional share of Common Stock.” 
  

	2.	Section 8.6 of the Plan is hereby amended by deleting the last sentence thereof, which states “Any fraction of a share of Common Stock which would be required to satisfy
such an obligation shall be disregarded and the remaining amount due shall be paid in cash by the holder” and replacing it with the following sentence: 

 “Notwithstanding the foregoing sentence, in the event the Company rounds up and withholds a whole share of Common Stock in order to satisfy such tax obligation in respect of any fraction of a share of Common
Stock, the Company shall refund an amount in cash to optionee, which amount shall equal the difference between the Fair Market Value of the whole share of Common Stock withheld to satisfy such tax obligation, less the Fair Market Value of such
fractional share of Common Stock.” 

 IN WITNESS WHEREOF, Health Net, Inc. has caused this instrument to be signed on this 14th day of
January, 2009. 
  

			
	HEALTH NET, INC.
		
	By:	 	 /s/ Karin Mayhew

	Name:	 	Karin Mayhew
	Title:	 	Senior Vice President, Organization EffectivenessAmendment No. 1 to Health Net 2006 Long-Term Incentive Plan

 EXHIBIT 10.38 
 AMENDMENT NUMBER ONE 
 TO THE 
 HEALTH NET, INC. 
 2006 LONG-TERM INCENTIVE PLAN 
 WHEREAS, Health Net, Inc. (the “Company”) maintains the Health Net, Inc. 2006 Long-Term Incentive Plan (the “Plan”) for the
benefit of key employees and directors of the Company; 
 WHEREAS, the Company desires to amend the Plan to permit the Company to
withhold fractional shares of common stock of the Company, par value $0.001 (“Common Stock”); and 
 WHEREAS, the Board of
Directors of the Company (the “Board”) has the power to amend the Plan pursuant to Section 8.2 thereof; and 
 WHEREAS,
the Compensation Committee of the Board has recommended that the Board amend the Plan as provided below. 
 NOW, THEREFORE, BE IT
RESOLVED, that the Plan is hereby amended as follows: 
  

	1.	Section 4.2(c) of the Plan is hereby amended by deleting the third sentence thereof, which states “Any fraction of a share of Common Stock which would be required to pay
such purchase price shall be disregarded and the remaining amount due shall be paid in cash by the optionee” and replacing it with the following sentence: 

 “In the event the Company rounds up and withholds a whole share of Common Stock in order to satisfy the exercise price obligation in respect of the
exercise price of any fraction of a share of Common Stock, the Company shall refund an amount in cash to optionee, which amount shall equal the difference between the Fair Market Value of the whole share of Common Stock withheld to satisfy the
exercise price obligation, less the Fair Market Value of such fractional share of Common Stock.” 
  

	2.	Section 8.6 of the Plan is hereby amended by deleting the last sentence thereof, which states “Any fraction of a share of Common Stock which would be required to satisfy
such an obligation shall be disregarded and the remaining amount due shall be paid in cash by the holder” and replacing it with the following sentence: 

 “Notwithstanding the foregoing sentence, in the event the Company rounds up and withholds a whole share of Common Stock in order to satisfy such tax obligation in respect of any fraction of a share of Common
Stock, the Company shall refund an amount in cash to optionee, which amount shall equal the difference between the Fair Market Value of the whole share of Common Stock withheld to satisfy such tax obligation, less the Fair Market Value of such
fractional share of Common Stock.” 

 IN WITNESS WHEREOF, Health Net, Inc. has
caused this instrument to be signed on this 14th day of January, 2009. 
  

			
	HEALTH NET, INC.
		
	By:	 	 /s/ Karin Mayhew

	Name:	 	Karin Mayhew
	Title:	 	Senior Vice President, Organization Effectiveness

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}]]