Document:

Humana Officers' Target Retirement Plan

 Exhibit 10(s) 
 HUMANA OFFICERS’ TARGET RETIREMENT PLAN 
 AMENDED AND RESTATED AS OF 
 OCTOBER 25, 2007 
 WHEREAS, Humana Inc.
(“Humana”), a Delaware corporation with its principal place of business in Louisville, Kentucky (“Sponsoring Employer”), has adopted the Humana Officers’ Target Retirement Plan (“Plan”), and 
 WHEREAS, the Board of Directors of the Sponsoring Employer desires to amend the Plan to provide for the termination of the active participation of all
Participants to whom the payment of benefits has not commenced as of October 31, 2007 and the transfer of the present value of their accrued benefits to the Humana SERP, and to make certain other changes required by Section 409A; and

 WHEREAS, the Board of Directors has authorized and approved the amendment and restatement of the Plan provided for herein. 
 NOW, THEREFORE, the Sponsoring Employer, pursuant to the right to amend hereby approves and adopts this amendment and restatement of the Plan effective
October 25, 2007, which should read as follows: 
 ARTICLE 1 
 PURPOSE AND APPLICABILITY OF PLAN 
 1.01 The purpose of the Plan shall be to provide
supplemental retirement benefits to Participants upon the terms and conditions and subject to the limitations contained herein. 
 1.02 The provisions of the
Plan shall apply only to persons who are Officers of the Sponsoring Employer duly elected by its Board of Directors or other key management employees designated by the Committee on and after the Effective Date. 
 ARTICLE 2 
 DEFINITIONS 

 As used herein the following words and phrases shall have the meanings specified below, unless a different meaning is plainly required by
context or otherwise determined by the Committee. The meaning of any term not specifically defined below will be governed by the definition in the Humana Retirement and Savings Plan. 
 2.01 The term “Annual Retirement Benefit” shall mean an amount equal to the Participant’s Average Participating Compensation multiplied by the lesser of (i) fifty percent (50%), or (ii) a
percentage equal to 1.67% times the Participant’s Service. 

 2.02 The term “Attained Age” shall mean, unless clearly indicated to the contrary, the age of a Participant as
of the Participant’s last birthday. 
 2.03 The term “Average Participating Compensation” shall mean the average of Participating Compensation
as determined using the highest three (3) Plan Years of the Participant’s last five (5) Plan Years (including any partial Plan Year) coincident with or preceding the Participant’s Early or Normal Retirement Date, Disability
Retirement Date, Late Retirement Date or date of death. If the Participant has fewer than three (3) full Plan Years of Participating Compensation, Average Participating Compensation shall be based on the number of full Plan Years that the
Participant has Participating Compensation. 
 2.04 The term “Beneficiary and Secondary Beneficiary” shall mean the person or persons (or an estate
or trust) as set forth under the Employer Retirement Account. 
  

	2.05	The term “Board of Directors” shall mean the Board of Directors of the Sponsoring Employer. 

 2.06 The term “Code” shall mean the Internal Revenue Code of 1986, as it has been and may be amended from time to time. Reference to any section of the Code shall include any provision which is a successor
thereto. 
 2.07 The term “Committee” shall mean the Organization and Compensation Committee (or its equivalent) of the Board of Directors.

 2.08 The term “Disability Retirement Date” shall mean the date a Participant’s employment is terminated due to Total and Permanent
Disability. 
 2.09 The term “Disabled Participant” shall mean any Participant who has been credited with at least ten (10) Years of Service
and who is Totally and Permanently Disabled. 
  

	2.10	The term “Disability Payment” shall mean Monthly Retirement Income due a Disabled Participant. 

 2.11 The term “Early Retirement Date” shall mean, for each Participant, the first (1st) day of the month immediately following or coinciding with the date such Participant shall retire prior to the
Participant’s Normal Retirement Date. 
  

	2.12	The term “Effective Date” shall mean May 10, 1990. 

 2.13
The term “Humana SERSP” shall mean the Humana Supplemental Executive Retirement and Savings Plan as it may be amended from time to time. 
 2.14
The term “Retirement Account and SERSP Benefit” shall mean an amount equal to the life annuity equivalent of the account balances in the Retirement Account in the Humana Retirement and Savings Plan and the Retirement Account in the Humana
SERSP, using a conversion factor based upon an interest rate of eight percent (8%) and the 1983 GAM table with no setback. 
  

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 2.15 The term “Late Retirement Date” shall mean the first day of any month subsequent to the Participant’s
Normal Retirement Date coinciding with or immediately following the date the Participant terminates employment for any reason other than death. 
 2.16 The
term “Monthly Retirement Income” shall mean a monthly income due a Retired Participant which shall commence as of his Early, Normal or Late Retirement Date, or the commencement date of payments due to disability. 
 2.17 The term “Normal Retirement Date” shall mean the first (1st) day of the month coinciding with or immediately following the Participant’s
sixty-fifth (65th) birthday. 
 2.18 The term “Officer” shall mean the Chief Executive Officer, Chief Operating Officer, President, all Vice
Presidents, Secretary and Treasurer of the Sponsoring Employer who have been duly elected as officers of the Sponsoring Employer by the Board of Directors. 
 2.19 The term “Participant” shall mean any Officer of the Sponsoring Employer or other key management employee who has become a Participant as provided in Article 3 hereof. 
 2.20 The term “Participating Compensation” shall mean the Participant’s annual base salary in effect for the first full pay period in the Plan Year, plus
any incentive compensation or bonus earned by the Participant in the immediately preceding Plan Year and payable during the current Plan Year, whether or not actually paid to the Participant during the Plan Year. 
  

	2.21	The term “Plan Administrator” shall mean the Sponsoring Employer. 

 2.22 The term “Plan Year” shall mean the twelve (12) month period commencing on the first (1st) day of January and ending on the last day of the immediately following December. 
 2.23 The term “Primary Insurance Amount” as of any date shall mean the monthly amount of old age benefits payable to a Participant commencing at the
Participant’s unreduced Social Security retirement age. The amount will be calculated based on the Social Security Act in effect as of the date of calculation, without regard to any dependent benefits. 
 2.24 The term “Retired Participant” shall mean any Participant who as of October 31, 2007 has retired from Humana and who is receiving or is entitled to
receive a Monthly Retirement Income. 
 2.25 The term “Retirement and Savings Plan” shall mean the Humana Retirement and Savings Plan adopted
effective as of the Distribution Date, as it may be amended from time to time or its successor plan. 
 2.26 The term “Retirement Account” shall
mean the Retirement Account in the Humana Retirement and Savings Plan. 
  

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 2.27 The term “Section 409A” shall mean Section 409A of the Internal Revenue Code and the regulations and
interpretive guidance issued thereunder. 
 2.28 The term “SERSP Benefit” shall mean the Retirement Account in the SERSP. 
 2.29 The term “Service” shall mean all years and completed months of Service with the Sponsoring Employer or any corporation which is a member of the
“affiliated group” as defined in Section 1504(a) of the Code of the Sponsoring Employer. 
 2.30 The term “Sponsoring Employer”
shall mean Humana Inc., a Delaware corporation. 
 2.31 The term “Spouse” shall mean the legally married spouse of the Participant at the
Participant’s date of death; provided, however, that for purposes of Section 4.04(b), “Spouse” shall mean the legally married spouse of the Participant at the earlier of the Participant’s date of death or commencement of
benefits under that section. 
 2.32 The term “Target Plan” or “Plan” shall mean the Humana Officers’ Target Retirement Plan
provided for herein, as it may be amended from time to time. 
 2.33 The term “Total and Permanent Disability” shall mean a physical or mental
condition that renders the Participant eligible for disability benefits under the Retirement and Savings Plan. 
 ARTICLE 3 

PARTICIPATION IN THE PLAN 
 3.01 Each person
who is an Officer of the Sponsoring Employer on and after the Effective Date or a key management employee designated by or at the direction of the Committee shall be a Participant in this Plan to the extent of the benefits provided herein; provided,
however, that no individual shall become a Participant after October 31, 2007. 
 3.02 Each Officer or key management employee designated hereunder
shall be notified upon becoming a Participant. 
 ARTICLE 4 
 RETIREMENT INCOME 
 4.01 When a Participant retires on or prior to October 31, 2007,
he or she shall be entitled to receive a Monthly Retirement Income under this Plan in an amount provided in Section 4.01(A), reduced by the amounts provided in Section 4.01(B) and (C). 
 (A) An amount equal to one twelfth (1/12) of the Participant’s Annual Retirement Benefit. 
 (B) The amount provided in Section 4.01(A) shall be reduced by the Retirement Account and Humana SERP Benefit. 
  

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 (C) The amount provided in Section 4.01(A) shall also be reduced by the Participant’s Primary
Insurance Amount; provided that in the case of a Participant taking Early Retirement, such reduction shall only apply when the Participant is eligible for an unreduced Primary Insurance Amount. 
 4.02 A Participant may remain in the employ of the Sponsoring Employer after his Normal Retirement Date, in which event no Monthly Retirement Income shall be paid until
the Participant’s Late Retirement Date, provided such Late Retirement Date occurs on or prior to October 31, 2007. The benefit payable at the Participant’s Late Retirement Date shall be equal to the amount as determined in
Section 4.01 except that the Participant’s Average Participating Compensation, Years of Service, Retirement Account and Humana SERP Benefit and Primary Insurance Amount shall be determined as of the Participant’s Normal or Late
Retirement Date, whichever would produce the greater benefit under this Plan. Unless otherwise determined by the Committee, in no event, however, will the Participant’s Annual Retirement Benefit exceed fifty percent (50%) of his Average
Participating Compensation as of his Normal or Late Retirement Date, whichever is greater. 
 4.03 Upon the written application of the Participant received
by the Plan Administration, a Participant whose Attained Age is at least fifty-five (55) shall be retired as of an Early Retirement Date, provided such Early Retirement Date occurs on or prior to October 31, 2007. Effective
December 9, 1998, all Participants shall be deemed to be fifty-five (55), unless their actual age is greater, in which case actual age shall be used in computing benefits hereunder. Commencing at his Early Retirement Date, such Participant
shall be entitled to a benefit computed in accordance with Section 4.01; provided, that the amount set forth in Section 4.01(A) shall be reduced by two/twelfths percent (2/12%) of that amount for each full month that payments commence
prior to the Participant’s Normal Retirement Date to a maximum reduction not to exceed twenty percent (20%). A Participant taking an Early Retirement Benefit may also request an alternate form of distribution in accordance with
Section 4.04. 
 4.04 The basic form of payment of the Annual Retirement Benefit shall be a Monthly Retirement Income specified in Section 4.01
which shall be paid on a monthly basis commencing on the Participant’s Disability, Early, Normal or Late Retirement Date, payable for the life of the Participant. 
 A Participant may request the Committee to approve an alternate form of payment of the benefits under this Plan. Such request shall be in writing and shall be filed on or before December 31, 2007. An election
shall become irrevocable as of December 31, 2007. Alternative forms of payment are as follows: 
 (A) A monthly income payable to the
Participant for either sixty (60), one hundred and twenty (120), one hundred and eighty (180) or two hundred and forty (240) payments guaranteed. Upon the Participant’s death, distribution of his remaining benefit, if any, shall be
made to the Participant’s Beneficiary or Secondary Beneficiary. 
  

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 (B) A monthly income payable for the lifetime of the Participant, with one-half ( 1/2) of such amount
continuing to the Participant’s Spouse after the Participant’s death for the lifetime of the Spouse. 
 (C) A single sum payment to
the Participant. 
 (D) Any other form of payment which is actuarially equivalent and is approved by the Committee. 
 If the single sum present value of the Participant’s Monthly Retirement Income is less than Fifty Thousand Dollars ($50,000), or such lesser amount,
if any, permitted under Section 409A, the benefit shall be paid to the Participant as a single sum. 
 The alternate forms as provided
in Section 4.04(A), (B) and (C) above shall be determined using the same conversion factor as is used to determine the Retirement Account and SERP Benefit as defined in Section 2.14. 
 4.05 If a Participant should die before benefit payments under the Plan commence, a death benefit shall be payable. Such death benefit shall be equal to the present
value of the Participant’s Monthly Retirement Income as of the Participant’s date of death calculated in accordance with this Article 4 as if the Participant had retired on his date of death; provided, however, that the reduction for the
Primary Insurance Amount set forth in Section 4.01(c) shall not apply. Such death benefit shall be paid to the Participant’s Beneficiary as a single sum in accordance with the provisions of Section 4.04(C). 
 If a death benefit is payable under this Article 4 and the designated Beneficiary has predeceased the Participant, the death benefit shall be paid to the
Secondary Beneficiary. If neither the Beneficiary nor the Secondary Beneficiary is living at the time of the death of the Participant, or if there is not a valid Beneficiary designated, the Sponsoring Employer shall pay the death benefit to the
Participant’s estate. If the Beneficiary or Secondary Beneficiary is living at the death of the Participant but such person dies prior to receiving the entire death benefit, the remaining portion of such death benefit shall be paid in a single
sum to the estate of such deceased Beneficiary or Secondary Beneficiary. 
 4.06 Notwithstanding any other provision in the Plan, payments owed to any
Participant pursuant to the Plan who is a “specified employee” as defined under Section 409A, shall not be made or commenced pursuant to the Plan until the date that is six (6) months and one (1) day after the
Participant’s Separation from Service and shall be paid or commenced on such date; provided, however, that this Section 4.06 shall not apply if the Participant’s Separation from Service occurs by reason of his or her death. If this
Section 4.06 applies and the method of payment of the Participant’s benefits is not a lump sum, the first payment to the Participant will include all amounts that would have been paid during the six (6) month and one (1) day
period but for this Section 4.06. 
  

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 ARTICLE 5 
 BENEFITS UPON DISABILITY 
 5.01 If a Participant is determined to be Totally and Permanently Disabled prior to
his Normal Retirement Date, such Disabled Participant shall be retired as of the date provided in the Retirement and Savings Plan. In such event, the Disabled Participant’s benefit under this Plan shall be deferred until his Normal Retirement
Date. The amount of the Participant’s Monthly Retirement Income payable on account of such Disability Retirement shall be calculated in accordance with Section 4.01, provided that his Average Participating Compensation shall be determined
as of his date of disability. Years of Service shall be calculated as though the Disabled Participant had continued in employment until his Normal Retirement Date, and the Participant’s life annuity equivalent of the account balance in the
Retirement Plan Account shall be based on such account balance at time of distribution if prior to age sixty-five (65) projected to age sixty-five (65) at eight percent (8%) per annum. 
 5.02 As an alternative, a Participant who has met the requirements for early Retirement shall be entitled to apply for Benefits pursuant to the provisions of
Section 4.03. If such request is granted, the continued accruals provided for above will cease as of the Participant’s receipt of benefits. 
 5.03
If a Disabled Participant should die before benefit payments under this Plan commence, a death benefit shall be payable. Such death benefit shall be equal to the present value of the Participant’s Monthly Retirement Income as of the
Participant’s date of death calculated in accordance with Article 4 and shall be paid to the Participant’s Beneficiary as a single sum in accordance with the provisions of Section 4.04(C). 
 In calculating the death benefit, the continued accruals of Section 5.01 will cease at date of death and the benefit will be reduced as for Early
Retirement (as set forth in Section 4.03). The reduction for the Primary Insurance Amount set forth in Section 4.01(c) shall not apply. A Participant under age fifty-five (55) will be deemed to be age fifty-five (55) for purposes
of calculating his benefit. 
 If a death benefit is payable under this Article 5 and the designated Beneficiary has predeceased the
Participant, the death benefit shall be paid to the Secondary Beneficiary. If neither the Beneficiary nor the Secondary Beneficiary is living at the time of the death of the Participant, or if there is not a valid Beneficiary designated, the
Sponsoring Employer shall pay the death benefit to the Participant’s estate. If the Beneficiary or Secondary Beneficiary is living at the death of the Participant, but such person dies prior to receiving the entire death benefit, the remaining
portion of such death benefit shall be paid in a single sum to the estate of such deceased Beneficiary or Secondary Beneficiary. 
 ARTICLE
6 
 TRANSFERING PARTICIPANTS’ ACCOUNTS 
 6.01 All Participants whose benefits have not commenced to be paid as of October 31, 2007 (the “Transferring Participants”) shall have an amount equal to the present value of their accrued 

  

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benefit as of October 31, 2007 transferred to an account under the Humana SERSP as of November 1, 2007. The amount of such present value is set
forth on Appendix A hereto. As of November 1, 2007, all Transferring Participants shall cease to be Participants in this Plan and shall have no further right to any benefit under this Plan. 
 ARTICLE 7 
 PLAN ADMINISTRATION

 7.01 The Committee shall be responsible for making all policy decisions which arise under the Plan. The Plan Administrator shall be responsible
for administering the Plan. 
 7.02 Subject to the limitations of the Plan, the Plan Administrator shall from time to time establish rules for the
administration of the Plan. Without limiting the generality of the preceding sentence, it is specifically provided that the Plan Administrator shall set forth the procedures to be followed in presenting claims for benefits under the Plan. The Plan
Administrator shall rely on the records of the Sponsoring Employer, as certified to it, with respect to any and all factual matters dealing with the employment of a Participant. In case of any factual dispute hereunder, the Committee shall resolve
such dispute giving due weight to all evidence available to it. The Committee shall interpret the Plan and shall determine all questions arising in the administration, interpretation and application of the Plan. All such determinations shall be
final, conclusive and binding. 
 7.03 Except as otherwise specifically provided herein, every decision and action of the Committee shall be valid if
concurred in by a majority of the members then in office, which concurrence may be had without a formal meeting. 
 7.04 The Plan Administrator shall be
responsible for the determination of a Participant’s benefit in accordance with this Plan. 
 7.05 In discharging its duties under this Plan, the Plan
Administrator and the Committee may employ such counsel, accountants and other agents as they shall deem advisable. The Sponsoring Employer shall pay the compensation of such counsel, accountants and other agents and any other expenses incurred by
the Plan Administrator and the Committee in carrying out their duties under the plan. 
 ARTICLE 8 
 MODIFICATION AND TERMINATION 
 8.01 The
Sponsoring Employer reserves the right at any time, by action of its Board of Directors, to modify or amend, in whole or in part, or to terminate any or all of the provisions of the Plan. 
  

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 8.02 Notwithstanding the provisions of Section 7.01, no amendment, suspension or termination shall adversely affect:

 (A) the Monthly Retirement Income of any Participant, or the Beneficiary or Secondary Beneficiary of any Participant, who has retired
prior thereto, or 
 (B) the right of any Participant then employed by the Sponsoring Employer who has vested benefits under the Plan to
receive upon death, retirement or disability, the benefit to which such person would have been entitled under the Plan prior to its amendment, suspension or termination. 
 ARTICLE 9 
 MISCELLANEOUS PROVISIONS 
 9.01 Neither the interest of a Participant or any other person nor the benefit payable hereunder is subject to the claim of creditors of Participants or their
Beneficiaries and will not be subject to attachment, garnishment or any other legal process. Neither a Participant nor his Beneficiaries may assign, sell, borrow against or otherwise encumber any of his beneficial interest in the Plan, nor shall any
such benefits be in any manner liable for or subject to the deeds, contracts, liabilities, engagements or torts of any Participant or Beneficiary. All such payments and rights thereto are expressly declared to be non-assignable and non-transferable,
and in the event of any attempt of assignment or transfer by the Participant or Beneficiaries, the Sponsoring Employer shall have no further liability hereunder. 
 9.02 This Plan is entirely voluntary on the part of the Sponsoring Employer, and, subject to the provisions of Article 8, the continuance of the Plan is not assumed as a contractual obligation of the Sponsoring Employer. 
 9.03 Benefits under this Plan shall be paid exclusively from the general assets of the Sponsoring Employer and no Participant or other person shall have any right or
claim to the payment of a benefit which in any manner whatsoever is superior to or different from the right or claim of a general and unsecured creditor of the Sponsoring Employer. 
 9.04 This Plan shall not be deemed to constitute a contract between the Sponsoring Employer and any Participant or to be a consideration or an inducement for the employment of any Participant. Nothing contained in
this Plan shall be deemed to give any Participant the right to be retained in the employment of the Sponsoring Employer or to interfere with the right of the Sponsoring Employer to discharge any Participant at any time regardless of the effect which
such discharge shall have upon such individual as a Participant in the Plan. 
 9.05 This Plan shall be construed and enforced according to the laws of the
Commonwealth of Kentucky, and all provisions hereunder shall be administered according to the laws thereof. It is intended that this Plan be exempt from Title I of the Employee Retirement Income Security Act of 1974, as amended, under
Section 4(b)(5) thereof, as an excess benefit plan which is unfunded, and any ambiguities in construction shall be resolved in favor of interpretation which will effectuate such intention. 
  

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 9.06 Any words herein used in the masculine or neuter shall read and be construed in the feminine, masculine or neuter
where they would so apply. Words in the singular shall be read and construed as though used in the plural in all cases where they would so apply. Titles of articles are inserted for convenience of reference only and, in the event of any conflict,
the text of the Plan, rather than such titles shall control. 
 9.07 In making any payment to or for the benefit of any minor or incompetent Beneficiary, the
Plan Administrator, in its sole, absolute and uncontrolled discretion, may, but need not, make such payment to a legal or natural guardian or other relative of such minor or court appointed committee of such incompetent, or to any adult with whom
such minor or incompetent temporarily or permanently resides, with any such guardian, committee, relative or other person shall have full authority and discretion to expend such distribution for the use and benefit of such minor or incompetent, and
the receipt of such guardian, committee, relative or other person shall be a complete discharge of the Sponsoring Employer, without any responsibility on its part or on the part of the Committee to see to the application thereof. 
 9.08 If a Participant’s employment is terminated due to his commission of theft, fraud, or criminal acts against the Sponsoring Employer or any corporation which is
a member of the “affiliated group” as defined in Section 1504(a) of the Code with the Sponsoring Employer, such Participant shall not be entitled to receive any benefit under this Plan. 
 IN WITNESS WHEREOF, the Sponsoring Employer has caused this instrument to be executed and
attested thereto by its duly authorized officers as of this 25th day of October, 2007. 
  

			
	HUMANA INC.
		
	By:	 	/s/ Michael B. McCallister
	Title:	 	President & Chief Executive Officer

  

 10Humana Supplemental Executive Retirement and Savings Plan

 Exhibit 10(u) 
 HUMANA SUPPLEMENTAL EXECUTIVE 
 RETIREMENT 
 AND SAVINGS PLAN 
 AMENDED AND
RESTATED AS OF 
 DECEMBER 13, 2007 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	  
 ARTICLE 1

	  
 PURPOSE AND APPLICABILITY OF PLAN

			
	 1.1
	  	Purpose of Plan	  	2
	 1.2
	  	Applicability of Plan	  	2
	  
 ARTICLE 2

	  
 DEFINITIONS

			
	 2.1
	  	Accounts	  	2
	 2.2
	  	Beneficiary and Secondary Beneficiary	  	2
	 2.3
	  	Board of Directors	  	2
	 2.4
	  	Change in Control	  	2
	 2.5
	  	Code	  	2
	 2.6
	  	Compensation Committee	  	2
	 2.7
	  	Effective Dates	  	2
	 2.8
	  	Employee	  	3
	 2.9
	  	Employer	  	3
	 2.10
	  	Initial Year Contribution	  	3
	 2.11
	  	Investment Options	  	3
	 2.12
	  	OTRP Rollover Account	  	3
	 2.13
	  	Participant	  	3
	 2.14
	  	Payment Commencement Date	  	3
	 2.15
	  	Participation Date	  	3
	 2.16
	  	Plan	  	3
	 2.17
	  	Plan Administrator	  	3
	 2.18
	  	Plan Year	  	4
	 2.19
	  	Qualified Plans	  	4
	 2.20
	  	Qualified Pretax Savings Account	  	4
	 2.21
	  	Qualified Retirement Account	  	4
	 2.22
	  	Related Employer	  	4
	 2.23
	  	Retirement and Savings Plan	  	4
	 2.24
	  	Section 409A	  	4
	 2.25
	  	Separation from Service	  	4
	 2.26
	  	Sponsoring Employer	  	4
	 2.27
	  	Supplemental Benefits	  	4
	 2.28
	  	Supplemental Pretax Savings Account	  	4
	 2.29
	  	Supplemental Retirement Account	  	4
	 2.30
	  	Supplemental Pretax Savings Benefit	  	4
	 2.31
	  	Supplemental Retirement Benefit	  	4

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	  
 ARTICLE 3

	  
 PARTICIPATION IN THE
PLAN

			
	 3.1
	  	Eligible Employees	  	4
	 3.2
	  	Provisions of Plan Binding on Participants	  	4
	 3.3
	  	Notification of Participation	  	5
	 3.4
	  	Termination of Benefit Accrual	  	5
	  
 ARTICLE 4

	  
 SUPPLEMENTAL
BENEFITS

			
	 4.1
	  	Amount of Supplemental Benefits	  	5
	 4.2
	  	Accrual of Supplemental Benefits	  	6
	 4.3
	  	Investment Options	  	6
	 4.4
	  	Reallocation Among Investment Options	  	6
	 4.5
	  	Adjustments to Account Balances	  	6
	  
 ARTICLE 5

	  
 DISTRIBUTION OF
BENEFITS

			
	 5.1
	  	Eligibility for Distribution of Supplemental Benefits	  	7
	 5.2
	  	Form of Payment	  	7
	 5.3
	  	Initial Election of Form of Distribution	  	7
	 5.4
	  	Subsequent Election	  	7
	 5.5
	  	Change in Control Election	  	8
	 5.6
	  	Rabbi Trust	  	8
	 5.7
	  	Source of Supplemental Benefits	  	8
	 5.8
	  	Distributions to Beneficiaries	  	8
	 5.9
	  	Payments to Specified Employees	  	9
	  
 ARTICLE 6

	  
 PLAN
ADMINISTRATION

			
	 6.1
	  	Duties of the Plan Administrator	  	9
	 6.2
	  	Establishment of Rules and Claims Procedure	  	9

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 6.3
	  	Employment of Counsel, Etc.	  	9
	 6.4
	  	Payment of Expenses	  	9
	  
 ARTICLE 7

	  
 AMENDMENTS AND RESERVATION OF COMPANY
RIGHTS

			
	 7.1
	  	Rights Generally to Make Amendments	  	10
	 7.2
	  	Conditions to Amendment, Suspension or Termination	  	10
	 7.3
	  	Accelerated Distribution Upon Loss of Tax Deferral	  	10
	  
 ARTICLE 8

	  
 CHANGE IN
EMPLOYMENT

			
	 8.1
	  	Participant Transfer from Employer to Employer	  	10
	 8.2
	  	Participant Transfer from Employer to Related Employer	  	11
	  
 ARTICLE 9

	  
 MISCELLANEOUS
PROVISIONS

			
	 9.1
	  	Prohibition Against Assignment	  	11
	 9.2
	  	Plan Voluntary on Part of Employers	  	11
	 9.3
	  	Plan Not Contract of Employment	  	11
	 9.4
	  	Form of Notice	  	11
	 9.5
	  	Construction	  	11
	 9.6
	  	Payments to Minors, etc.	  	12

 HUMANA SUPPLEMENTAL EXECUTIVE RETIREMENT 
 AND SAVINGS PLAN 
 AMENDED AND RESTATED AS OF 
 DECEMBER 13, 2007 
 WHEREAS, HUMANA
INC. (“Humana”), a Delaware corporation with its principal place of business in Louisville, Kentucky (“Sponsoring Employer”), has adopted the Humana Retirement and Savings Plan (“Retirement and Savings Plan”), which
is intended to be qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended (“Code”), and 
 WHEREAS, certain employees of the Sponsoring Employer and its subsidiaries are eligible for allocations of contributions to retirement accounts and pretax savings accounts under the Retirement and Savings Plan and the Humana Puerto
Rico 1165(e) Retirement Plan and plans previously terminated or merged into the Retirement and Savings Plan (collectively, “Qualified Plans”), and 
 WHEREAS, pursuant to the terms of the Qualified Plans, the benefits of certain employees of the Sponsoring Employer and its subsidiaries have been and will be reduced because of the limitation on compensation
of Section 401(a)(17) of the Code, the nondiscrimination requirements of Sections 401(k) and 401(m) of the Code, the limitation on allocations of contributions of Section 415 of the Code and certain other limitations imposed by applicable
provisions of the Puerto Rico Internal Revenue Code, and 
 WHEREAS, the Board of Directors of the Sponsoring Employer (“Board of
Directors”) desires to continue to provide a supplemental benefit to a select group of management and highly compensated employees in the amount of the reduction of their benefits and employer contributions under the Qualified Plans, and

 WHEREAS, on September 1, 1982, the Sponsoring Employer adopted the Humana Supplemental Executive Retirement Plan, and

 WHEREAS, on May 11, 1988, the Sponsoring Employer adopted the Humana Thrift Excess Plan, and 
 WHEREAS, on December 31, 2003 the Sponsoring Employer merged the Humana Supplemental Executive Retirement Plan and the Humana Thrift Excess
Plan, and amended and restated those plans as a single plan, namely the Humana Supplemental Executive Retirement and Savings Plan (the “Plan”), and 
 WHEREAS, the Sponsoring Employer now desires to amend the Plan to comply with Section 409A and to make certain other changes to the Plan. 
 NOW, THEREFORE, the Sponsoring Employer, pursuant to the right to amend the Plan contained in Article 7, hereby approves and adopts this amendment
and restatement, which, except as otherwise specified herein, shall be effective January 1, 2008. 

 ARTICLE 1 
 PURPOSE AND APPLICABILITY OF PLAN 
 1.1 Purpose of Plan. The purpose of the Plan
shall be to provide Supplemental Benefits to Participants whose benefits under the Qualified Plans have been or will be reduced because of the compensation limitation of Section 401(a)(17) of the Code, the nondiscrimination requirements of
Sections 401(k) and 401(m) of the Code and certain limitations imposed by applicable provisions of the Puerto Rico Internal Revenue Code, upon the terms and conditions, and subject to the limitations, contained herein. 
 1.2 Applicability of Plan. The provisions of the Plan shall apply only to persons participating in Qualified Plans on and after the
Effective Dates. 
 ARTICLE 2 
 DEFINITIONS 
 As used herein, the following words and phrases shall have the meanings specified below, unless a different meaning is
plainly required by the context. Terms not defined herein shall have the meanings specified in the Retirement and Savings Plan. 
 2.1
Accounts. A Participant’s Supplemental Retirement Account, Supplemental Pretax Savings Account and OTRP Rollover Account. 
 2.2 Beneficiary and Secondary Beneficiary. The person or persons (or a trust) as set forth under the Qualified Plans unless a Participant shall have elected in writing a different Beneficiary and Secondary Beneficiary for this
Plan, in which case the written election for this Plan shall govern. 
 2.3 Board of Directors. The Board of Directors of the
Sponsoring Employer. 
 2.4 Change in Control. Change in Control shall have the meaning set forth in Appendix A. 
 2.5 Code. The Internal Revenue Code of 1986, as it has been and may be amended from time to time. Reference to any section of the Code
shall include any provision successor thereto. 
 2.6 Compensation Committee. The Organization and Compensation Committee of
the Board of Directors of the Sponsoring Employer. 
 2.7 Effective Dates. The effective dates of this Plan, which shall be
September 1, 1982, in the case of contributions to the Supplemental Retirement Accounts, May 1, 1988, in the case of contributions to the Supplemental Pretax Savings Accounts and November 1, 2007, in the case of contributions to the
OTRP Rollover Account. 
  

 2 

 2.8 Employee. Any member of a select group of management and highly compensated employees
employed by an Employer. 
 2.9 Employer. The Sponsoring Employer and each corporation which is a member of the
“affiliated group” (as defined in Section 1504(a) of the Code) with the Sponsoring Employer. When used with reference to an Employee or Participant, the term shall mean the Employer employing the Employee or Participant. 

2.10 Initial Year Contribution. Contributions made to the Accounts of a Participant pursuant to Section 4.1 of the Plan, in respect
of the year in which the Participant’s Participation Date occurred, including all gains (or losses) attributable to such contributions. 
 2.11 Investment Options. The investment vehicles in which a Participant’s Accounts shall be deemed invested. Investment Options shall be limited to those offered to participants in the Retirement and Savings Plan as of
that date; provided, however, that no Participant shall be permitted to invest in a brokerage account. 
 2.12 OTRP Rollover
Account. The account which reflects balances transferred from the Humana Officers’ Target Retirement Plan on November 1, 2007. 
 2.13 Participant. An Employee who has met the requirements of Article 3 for participation hereunder. Where the context so permits or requires, the term shall also include a person who was a Participant prior to the termination
of the Participant’s employment with an Employer and who is entitled to a Supplemental Benefit after such person’s employment terminates. 
 2.14 Payment Commencement Date. The date on which the payment of a Participant’s Supplemental Benefits are scheduled to be paid or commence pursuant to Article V and the applicable election of the Participant. 

2.15 Participation Date. The later of the Effective Date or the date a Participant receives the notice described in Section 3.3 of
the Plan. 
 2.16 Plan. The Humana Supplemental Executive Retirement and Savings Plan provided for herein, as it may be amended
from time to time. 
 2.17 Plan Administrator. The Plan Administrator shall be the Sponsoring Employer. 
 2.18 Plan Year. The twelve consecutive month period commencing on the first day of January and ending on the last day of the immediately
following December. 
 2.19 Qualified Plans. Each of the Humana Retirement and Savings Plan and the Humana Puerto Rico 1165(e)
Retirement Plan. 
  

 3 

 2.20 Qualified Pretax Savings Account. The Pretax Savings Account of a Participant in a
Qualified Plan. 
 2.21 Qualified Retirement Account. The Retirement Account of a Participant in a Qualified Plan. 

2.22 Related Employer. Any subsidiary or affiliate of the Sponsoring Employer, which is designated by the Board of Directors to be a
Related Employer. 
 2.23 Retirement and Savings Plan. The Humana Retirement and Savings Plan, as it may be amended from time
to time. 
 2.24 Section 409A. Section 409A of the Code and the regulations and interpretive guidance issued
thereunder. 
 2.25 Separation from Service. A Participant will be treated as having a Separation from Service if it is not
reasonably expected that the Participant will continue to provide services to the Sponsoring Employer or any other Employer who has adopted the Qualified Plans (whether as an employee or independent contractor, but not as a director) that exceeds
twenty percent (20%) of the average level of bona fide services performed by the Participant over the immediately preceding thirty-six (36) month period (or the full period of services if the Participant has been providing services less
than thirty-six (36) months). 
 2.26 Sponsoring Employer. Humana Inc., a Delaware corporation. 
 2.27 Supplemental Benefits. The benefits available under the Plan, including the Supplemental Retirement Benefit, the Supplemental Pretax
Savings Benefit, and the amount credited to the OTRP Rollover Account, unless otherwise specified. 
 2.28 Supplemental Pretax Savings
Account. The account established by that name on behalf of a Participant. 
 2.29 Supplemental Retirement Account. The
account established by that name on behalf of a Participant. 
 2.30 Supplemental Pretax Savings Benefit. The benefit described
in Section 4.1(b). 
 2.31 Supplemental Retirement Benefit. The benefit described in Section 4.1(a). 
 ARTICLE 3 
 PARTICIPATION IN THE
PLAN 
 3.1 Eligible Employees. Persons eligible to participate in the Plan include (i) each Employee who is a
participant in a Qualified Plan (a) after August 31, 1982, in the case of the 

  

 4 

 
Supplemental Retirement Account and (b) May 1, 1988, in the case of the Supplemental Pretax Savings Account and (ii) as of November 1,
2007, in the case of persons whose accounts have been transferred to the Plan from the Humana Officers’ Target Retirement Plan. Participants shall participate in this Plan to the extent of the benefits stated herein. 
 3.2 Provisions of Plan Binding on Participants. Upon becoming a Participant, a Participant shall be bound then and thereafter by the terms
of this Plan, including all amendments to the Plan. 
 3.3 Notification of Participation. Each Employee shall become a
Participant on the date he or she receives notification to that effect. 
 3.4 Termination of Benefit Accrual. An
Employee’s accrual of benefits under this Plan shall cease upon the Employee’s Separation from Service. 
 ARTICLE 4

 SUPPLEMENTAL BENEFITS 
 4.1 Amount of Supplemental Benefits. 
 (a) Supplemental Retirement
Benefits. Each Participant shall become entitled to Supplemental Retirement Benefits for a Plan Year equal to the difference, if any, between the actual contribution by the Employer to a Qualified Retirement Account on behalf of the
Participant for such Plan Year and the amount of the contribution which would otherwise have been made by the Employer on behalf of such Participant for such Plan Year but for the compensation limitation of Section 401(a)(17) of the Code and
the annual additions limitations imposed by Section 415 of the Code, and effective January 1, 2008 with respect to limitations imposed by applicable sections of the Puerto Rico Internal Revenue Code. 
 (b) OTRP Rollover Benefits. Amounts that have been transferred to the Plan in respect of a Participant’s accrued
benefit under the Humana Officers’ Target Retirement Plan shall be allocated to the Participant’s OTRP Rollover Account as of November 1, 2007. 
 (c) Supplemental Pretax Savings Benefits. Each Participant shall become entitled to Supplemental Pretax Savings Benefits for
a Plan Year equal to the difference, if any, between the actual Employer matching contribution to a Qualified Pretax Savings Account made on behalf of the Participant for such Plan Year and the amount the Employer matching contribution would
otherwise have been on behalf of such Participant for such Plan Year but for the legal limitations on the Participant’s contributions and the Employer’s contributions, and effective January 1, 2008 with respect to limitations imposed
by applicable section of the Puerto Rico Internal Revenue Code; provided, however, that for Plan Years beginning before 2008, Participants shall be entitled to benefits under this section only if such difference is equal to or greater than eight
hundred dollars ($800.00) in such Plan Year. 
  

 5 

 4.2 Accrual of Supplemental Benefits. The Supplemental Retirement Benefit and the
Supplemental Pretax Savings Benefit shall be deemed to accrue to the Participant’s Supplemental Retirement Account and Supplemental Pretax Savings Account no later than the date on which the annual retirement contribution is made to the
applicable Qualified Plan. No benefit will accrue with respect to any Plan Year if the Participant ceases to be an active employee before the end of such Plan Year, unless cessation of employment is due to death, Retirement, disability or a Change
in Control, in which case the Participant will be entitled to benefits prorated to the date on which the Participant ceases to be an active employee. 
 4.3 Investment Options. 
 (a) Accruals for Plan Years Prior to and
Including 2006. With respect to accruals made to a Participant’s Supplemental Retirement Account and Supplemental Pretax Savings Account for plan years prior to and including 2006, accruals were allocated among the Investment Options in
accordance with the allocation of a Participant’s Retirement and Savings Plan account. Such allocations were effected at such times and with such exceptions as were established by the Administrator. 
 (b) Accruals for Plan Years After 2006. Each Participant shall elect the Investment Options in which accruals to the
Participant’s Supplemental Retirement Account and Supplemental Pretax Savings Account shall be deemed to be allocated. A Participant’s accruals may be allocated in one percent increments among one or more of the Investment Options. If the
Participant allocates less than 100% of his or her accruals pursuant to this Section 4.3(b), unallocated accruals shall be deemed to be allocated to the default investment option established by the Plan Administrator, or if no such default has
been established by the Plan Administrator, to the default investment option established under the Retirement and Savings Plan. A Participant may change the allocation of accruals to his or her Supplemental Retirement Account and Supplemental Pretax
Savings Account at any time in such manner as the Plan Administrator may prescribe. 
 (c) OTRP Rollover.
Amounts allocated to a Participant’s OTRP Account shall initially be deemed to be invested in the applicable age appropriate target retirement fund Investment Option. Subsequently, a Participant may reallocate the balance in his or her OTRP
Rollover Account pursuant to Section 4.4. 
 4.4 Reallocation Among Investment Options. Each Participant may reallocate the
balances in his or her Accounts among the Investment Options in one percent increments. Effective November 1, 2007, changing Investment Options shall be permitted on a daily basis and shall be effected in such manner as the Plan Administrator
may prescribe from time to time, which may include an online alternative. 
 4.5 Adjustments to Account Balances. The balances
in Participants’ Accounts shall be adjusted for gains (or losses) as if such amounts were actually invested in the Investment Options selected by the Participants. Upon a Participant’s Separation from Service or cessation of active
participation in this Plan for any reason, the balances in the Participant’s Accounts will continue to be allocated among the Investment Options subject to reallocation pursuant to Section 4.4. 
  

 6 

 ARTICLE 5 
 DISTRIBUTION OF BENEFITS 
 5.1 Eligibility for Distribution of Supplemental
Benefits. Except as otherwise provided in Article 5, the payment of the Participant’s Supplemental Benefits shall commence no later than ninety (90) days following the Participant’s Separation from Service (the
“Payment Commencement Date”). The form of the payment shall be governed by Section 5.2 notwithstanding the form of distribution of the Participant’s benefits from the Retirement and Savings Plan. All payments shall be made
in cash. 
 5.2 Form of Payment. If a Participant does not elect an alternative form of distribution in accordance with
Section 5.3, the Participant’s distribution will be made in the form of a lump sum distribution. 
 5.3 Initial Election of
Form of Distribution. Prior to the later of December 31, 2008 and the date that is thirty (30) days after a Participant’s Participation Date, a Participant may elect one of the following alternative forms of distribution for
amounts other than the Initial Year Contribution: 
 (a) Periodic installments (either monthly, quarterly or annually)
for a period not to exceed 20 years, to the extent permitted under Section 409A; provided, however, that this form of payment will only be available if the Participant’s balance in the account from which the periodic payments would be made
exceeds $100,000, or such lesser amount, if any, permitted under Section 409A. In the event that the benefit payments are in the form of installments, the Participant’s Accounts shall be deemed to be invested in the Stable Value Fund or a
fund similar to the Stable Value Fund then available under the Retirement and Savings Plan; or 
 (b) An annuity in any
form permitted from the Retirement and Savings Plan at the time of a Participant’s election; provided, however, that an annuity form of payment will only be available if the Participant’s balance in the account from which the annuity
payment would be made exceeds $100,000, or such lesser amount, if any, permitted under Section 409A. 
 A Participant’s initial election pursuant to this Section 5.3 shall become irrevocable on the later of (i) December 31, 2008 or (ii) the thirtieth (30th) day after the Participant’s Participation Date, except for subsequent elections made in accordance with Section 5.4. A Participant’s Initial Year Contribution
will be paid at the time and in the manner provided for in Sections 5.1 and 5.2 
 5.4 Subsequent Election. At any time after
the date that is thirty (30) days after a Participant’s Participation Date, a Participant may change the form of payment method to one of the alternatives provided in Section 5.3 and/or 5.5, provided that any such election that is
made before January 1, 2009 shall be made in accordance with IRS Notice 2007-86 and any such election that is made after December 31, 2008 (i) will not be effective for twelve (12) months 

  

 7 

 
after the date on which such election is made, (ii) must be made not less than twelve (12) months prior to the date of the first scheduled payment
of the Participant’s Supplemental Benefits and (iii) will result in a Payment Commencement Date that is five (5) years after the previously scheduled Payment Commencement Date or, in the case of an election pursuant to
Section 5.5(a), the date of the Change in Control. Once the first installment has been made, no further changes in the timing or duration of the payment method will be permitted. 
 5.5 Change in Control Election. A Participant may make a separate election within the time frame set forth in Section 5.3 or 5.4, as
applicable, that in the event of a Change in Control which also constitutes a “change in ownership or effective control of” the Company or a “change in the ownership of a substantial portion of the assets of” the Company, in each
case within the meaning of Section 409A, his or her Supplemental Benefits (other than his or her Initial Year Contribution) shall be distributed in 
  

	 	(a)	A lump sum to be paid at the effective time of the Change in Control; or 

  

	 	(b)	A lump sum to be paid following the Participant’s termination of employment within two (2) years following the Change in Control. 

 If the Participant does not make a separate Change in Control election, his or her Supplemental Benefits will be paid at the time and in the manner provided for in
Sections 5.1 and 5.2 or, except for the Participant’s Initial Year Contribution, pursuant to the Participant’s alternative election made in accordance with Section 5.3 or 5.4. 
 5.6 Rabbi Trust. Upon the effective date of a Change in Control, the Sponsoring Employer shall create a “Rabbi Trust” (i.e., a
grantor trust designed to hold funds to be used to pay benefits under a deferred compensation arrangement without such funds becoming taxable to the Participants entitled to such benefits until paid to such Participants) in the form set forth on
Appendix B with a major financial institution selected by the Sponsoring Employer to which the Sponsoring Employer shall transfer funds in an amount equal to the aggregate balance of all Participants’ Accounts as of the date of the Change in
Control, but excluding amounts to be paid in a lump sum immediately following the Change in Control. 
 5.7 Source of Supplemental
Benefits. The Supplemental Benefits shall not be funded but shall constitute liabilities of the Sponsoring Employer, payable when due from the general assets of the Employer or, if a Rabbi Trust has been established pursuant to
Section 5.6, such Rabbi Trust. The Sponsoring Employer shall pay all costs, charges and expenses related thereto. No Participant or other person shall have any right or claim to the payment of Supplemental Benefits which in any manner
whatsoever is superior to or different from the right or claim of a general and unsecured creditor of the Sponsoring Employer. 
 5.8
Distributions to Beneficiaries. Effective November 1, 2007, if at the time of a Participant’s death a distribution is still outstanding, the remaining benefits shall be paid to the Participant’s Beneficiary in a single lump
sum as soon as practicable following the death of the Participant and the determination of the Beneficiary but in no event later than ninety (90) days after the Participant’s death. If a Participant’s death occurs while any amount
remains in the 

  

 8 

 
Participant’s Accounts and the Participant’s Beneficiary does not survive the Participant, the remaining benefits shall be paid to the
Participant’s Secondary Beneficiary. If a deceased Participant is not survived by either a Beneficiary or Secondary Beneficiary (or if no Beneficiary was effectively named), the benefits shall be paid in a single sum to the estate of the
Participant and the Plan Administrator shall be fully protected in paying such benefits to such deceased Participant’s personal representative, irrespective of whether payments are actually made to a person or persons who in fact are not the
personal representative of the deceased Participant. 
 5.9 Payments to Specified Employees. Notwithstanding any other
provision in the Plan, payments of Supplemental Benefits owed to any Participant pursuant to the Plan who is a “specified employee” as defined under Section 409A, shall not be made or commenced pursuant to the Plan to the Participant
until the date that is six (6) months and one (1) day after the Participant’s Separation from Service and shall be paid or commenced on such date; provided, however, that this Section 5.9 shall not apply if the Participant’s
Separation from Service occurs by reason of his or her death. If this Section 5.9 applies and the method of payment of the Participant’s Supplemental Benefits is not a lump sum, the first payment to the Participant will include all amounts
that would have been paid during the six (6) month and one (1) day period but for this Section 5.9 
 ARTICLE 6 

PLAN ADMINISTRATION 
 6.1
Duties of Plan Administrator. The Plan Administrator shall be responsible for making all policy decisions which arise under the Plan and shall be responsible for administering the Plan and keeping records of Supplemental Benefits.

 6.2 Establishment of Rules and Claims Procedure. Subject to the limitations of the Plan, the Plan Administrator shall from
time to time establish rules for the administration of the Plan. Without limiting the generality of the preceding sentence, it is specifically provided that the Plan Administrator shall set forth the procedures to be followed in presenting claims
for benefits under the Plan. In case of any factual dispute hereunder, the Compensation Committee shall resolve such dispute giving due weight to all evidence available to it. The Compensation Committee shall interpret the Plan and shall determine
all questions arising in the administration, interpretation and application of the Plan. All such determinations shall be final, conclusive and binding. 
 6.3 Employment of Counsel, Etc. The Compensation Committee may employ such counsel, accountants and other agents, as it shall deem advisable. The Sponsoring Employer shall pay the compensation of such
counsel, accountants and other agents and any other expenses incurred by the Compensation Committee in the administration of the Plan. 
 6.4 Payment of Expenses. The reasonable costs and expenses incurred by the Compensation Committee in the performance of its duties hereunder, excluding compensation for services, but including, without limitation, reasonable
fees for legal, accounting and other services rendered, shall be paid by the Sponsoring Employer. 
  

 9 

 ARTICLE 7 
 AMENDMENTS AND RESERVATION OF COMPANY RIGHTS 
 7.1 Rights Generally to Make
Amendments. By action of the Board of Directors, the Sponsoring Employer shall have the right at any time by instrument of writing, to modify, alter, amend or terminate the Plan in whole or in part, provided that any Benefit which has
actually accrued and become distributable hereunder shall not be affected thereby, and provided that no amendment increases the obligations of any Employer to make contributions hereunder unless such Employer approves such amendment. Further, no
amendment shall be made which shall decrease any Participant’s Account balance. Subject to the foregoing restrictions, the committee appointed pursuant to Article 10 of the Retirement and Savings Plan shall also have the authority to amend the
Plan in any manner which is necessary to comply with Section 409A and the authority to adopt any other amendment to the Plan which does not have the effect of materially increasing the liability of any Employer; provided, however, that no
amendment by such committee may affect any Participant who is a member of such committee unless it applies to Participants generally. 
 7.2 Conditions to Amendments, Suspension or Termination. Notwithstanding the provisions of Section 7.1, no amendment, suspension or termination shall adversely affect: 
 (a) The Supplemental Benefits of any Participant, or the Beneficiary or Secondary Beneficiary of any Participant who has retired
prior thereto; or 
 (b) The right of any Participant then employed by the Employer to receive upon retirement or other
termination of employment, or the Participant’s Beneficiary or Secondary Beneficiary to receive upon the Participant’s death, the accrued Supplemental Benefits to which such person would have been entitled under the Plan prior to its
amendment, suspension or termination. 
 7.3 Accelerated Distribution Upon Loss of Tax Deferral. In the event that this Plan
fails to satisfy the requirements of Section 409A and as a consequence a Participant becomes subject to federal income tax on all or any portion of his or her Account Balance for which such Participant is not then scheduled to receive a
distribution under the Plan, notwithstanding any other provision of the Plan or distribution election made by such Participant, the Plan Administrator shall accelerate the payment of that portion of the Participant’s Accounts which the Plan
Administrator reasonably determines to be subject to such taxation in a lump sum payable on a date determined by the Plan Administrator. 
 ARTICLE 8 
 CHANGE IN EMPLOYMENT 
 8.1 Participant Transfer from Employer to Employer. A Participant who transfers employment from one Employer to another Employer shall not be considered as terminating employment with an Employer and
shall continue to be a Participant in this Plan without interruption. 
  

 10 

 8.2 Participant Transfer from Employer to Related Employer. A Participant who transfers
employment to a Related Employer that has not adopted the Qualified Plans shall not be considered as terminating employment with an Employer and shall remain an active Participant in the Plan, except that no further benefits shall be accrued on such
Participant’s behalf under Article 4. Although no further benefits may be accrued, the Participant’s Supplemental Benefits may continue to be allocated among the Investments Options in accordance with Section 4.4. 
 ARTICLE 9 
 MISCELLANEOUS
PROVISIONS 
 9.1 Prohibition Against Assignment. Neither the interest of a Participant or any other person nor the
Supplemental Benefits payable hereunder, is subject to the claim of creditors of Participants or their Beneficiaries, and will not be subject to attachment, garnishment or any other legal process. Neither a Participant nor the Participant’s
Beneficiaries may assign, sell, borrow on or otherwise encumber any of the Participant’s beneficial interest in the Plan, nor shall any such benefits be in any manner liable for or subject to the deeds, contracts, liabilities, engagements or
torts of any Participant or Beneficiary. All such payments and rights thereto are expressly declared to be non-assignable and non-transferable, and in the event of any attempt of assignment or transfer, the Employer shall have no further liability
hereunder. 
 9.2 Plan Voluntary on Part of Employers. Although it is the intention of each Employer that this Plan shall be
continued, this Plan is entirely voluntary on the part of each Employer, and the continuance of the Plan is not assumed as a contractual obligation of an Employer other than as may be provided by Article 7. 
 9.3 Plan Not Contract of Employment. This Plan shall not be deemed to constitute a contract between the Employer and any Participant or to
be a consideration or an inducement for the employment of any Participant or Employee. Nothing contained in this Plan shall be deemed to give any Participant or Employee the right to be retained in the service of the Employer or to interfere with
the right of the Employer to discharge any Participant or Employee at any time regardless of the effect which such discharge shall have upon such individual as a Participant in the Plan. 
 9.4 Form of Notice. Any references in this Plan to written notice may, at the option of the Employer, be made by electronic notice.

 9.5 Construction. 
 (a) This Plan shall be construed and enforced according to the laws of the Commonwealth of Kentucky, and all provisions hereunder shall be administered according to the laws thereof. It is intended that this
Plan be exempt from Title I of the Employee Retirement Income Security Act of 1974, as amended, under Section 4(b)(5) thereof, as an excess benefit 

  

 11 

 
plan and as a plan which is unfunded and maintained by the Employer for the purpose of providing deferred compensation for a select group of highly
compensated employees, and any ambiguities in construction shall be resolved in favor of interpretation which will effectuate such intentions. 
 (b) Any words herein used in the singular shall be read and construed as though used in the plural in all cases where they would so apply. 
 (c) Titles of articles and headings to sections are inserted for convenience of reference only and, in the event of any conflict,
the text of the Plan, rather than such titles and headings, shall control. 
 9.6 Payment to Minors, Etc. In making any payment
to or for the benefit of any minor or incompetent Beneficiary, or incompetent Participant, the Plan Administrator, in its sole, absolute and uncontrolled discretion, may, but need not, make such payment to a legal or natural guardian or other
relative of such minor or court appointed committee of such incompetent, or to any adult with whom such minor or incompetent temporarily or permanently resides, and any such guardian, committee, relative or other person shall have full authority and
discretion to expend such distribution for the use and benefit of such minor or incompetent, and the receipt by such guardian, committee, relative or other person shall be a complete discharge to the Employer, without any responsibility on its part
to see to the application thereof. 
 [signature page follows] 
  

 12 

 IN WITNESS WHEREOF, the Sponsoring Employer
has caused this instrument to be executed and attested thereto by its duly authorized officers this 30th day of January, 2008. 
  

			
	HUMANA INC.
		
	By:	 	/s/ Michael B. McCallister
		 	 Michael B. McCallister
 President & Chief
Executive Officer

  

	
	Attest:
	
	/s/ Joan O. Lenahan
	 Joan O. Lenahan
 Vice President & Secretary

  

 13 

 APPENDIX A 
 The below definition of Change in Control is the definition used in the Humana Inc. 2003 Stock Incentive Plan. All definitions referred to herein shall have the definitions ascribed to them in the 2003 Stock Incentive Plan. 
 “Change in Control” shall mean the occurrence of: 
  

	1)	An acquisition (other than directly from the Company) of any voting securities of the Company (the “Voting Securities”) by any “Person” (as the term person is
used for purposes of Section 13(d) or 14(d) of the Exchange Act), immediately after which such Person has “Beneficial Ownership” (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of twenty percent (20%) or
more of the combined voting power of the Company’s then outstanding Voting Securities; provided, however, in determining whether a Change in Control has occurred, Voting Securities which are acquired in a “Non-Control Acquisition” (as
hereinafter defined) shall not constitute an acquisition which would cause a Change in Control. A “Non-Control Acquisition” shall mean an acquisition by (i) an employee benefit plan (or a trust forming a part thereof) maintained by
(A) the Company or (B) any corporation or other Person of which a majority of its voting power or its equity securities or equity interest is owned, directly or indirectly, by the Company (for purposes of this definition, a
“Subsidiary”) (ii) the Company or its Subsidiaries, or (iii) any Person in connection with a “Non-Control Transaction” (as hereinafter defined); 

  

	2)	The individuals who, as of the effective date of this Plan are members of the Board (the “Incumbent Board”), cease for any reason to constitute at least two-thirds of the
members of the Board; provided, however, that if the election, or nomination for election by the Company’s common stockholders, of any new director was approved by a vote of at least two-thirds of the Incumbent Board, such new director shall,
for purposes of this Plan, be considered as a member of the Incumbent Board; provided further, however, that no individual shall be considered a member of the Incumbent Board if such individual initially assumed office as a result of either an
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (a “Proxy Contest”) including by reason of any agreement intended to avoid or settle any Proxy Contest; or 

 

	3)	The consummation of: 

  

	 	a)	A merger, consolidation or reorganization involving the Company, unless such merger, consolidation or reorganization is a “Non-Control Transaction.” A “Non-Control
Transaction” shall mean a merger, consolidation or reorganization of the Company where: 

 i) the
stockholders of the Company, immediately before such merger, consolidation or reorganization, own directly or indirectly immediately following 

  

 14 

 
such merger, consolidation or reorganization, at least seventy-five percent (75%) of the combined voting power of the outstanding Voting Securities of
the corporation resulting from such merger or consolidation or reorganization (the “Surviving Corporation”) in substantially the same proportion as their ownership of the Voting Securities immediately before such merger, consolidation or
reorganization; 
 ii) the individuals who were members of the Incumbent Board immediately prior to the execution of the
agreement providing for such merger, consolidation or reorganization constitute at least two-thirds of the members of the board of directors of the Surviving Corporation, or a corporation beneficially directly or indirectly owning a majority of the
Voting Securities of the Surviving Corporation, and no agreement, plan or arrangement is in place to change the composition of the board of directors following the merger, consolidation or reorganization; and 
 iii) no Person other than (i) the Company, (ii) any Subsidiary, (iii) any employee benefit plan (or any trust forming a
part thereof) maintained by the Company, the Surviving Corporation, or any Subsidiary, or (iv) any Person who, immediately prior to such merger, consolidation or reorganization had Beneficial Ownership of twenty percent (20%) or more of
the then outstanding Voting Securities, has Beneficial Ownership of twenty percent (20%) or more of the combined voting power of the Surviving Corporation’s then outstanding voting securities. 
  

	 	b)	A complete liquidation or dissolution of the Company; or 

  

	 	c)	The sale or other disposition of all or substantially all of the assets of the Company to any Person (other than a transfer to a Subsidiary). 

 Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any Person (the “Subject Person”) acquired Beneficial Ownership
of more than the permitted amount of the then outstanding Voting Securities as a result of the acquisition of Voting Securities by the Company which, by reducing the number of Voting Securities then outstanding, increases the proportional number of
Shares Beneficially Owned by the Subject Persons, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of Voting Securities by the Company, and after such share acquisition by the
Company, the Subject Person becomes the Beneficial Owner of any additional Voting Securities which increases the percentage of the then outstanding Voting Securities Beneficially Owned by the Subject Person, then a Change in Control shall occur.

  

 15 

 APPENDIX B 
 FORM OF RABBI TRUST 
 APPENDIX B 
 TRUST UNDER                          
 DEFERRED COMPENSATION PLAN 
 This
Trust Agreement (“Trust Agreement”) is made this Click and type Day day of Click and type Month , Click and type Year , by and between (i) <Name of Company Creating Trust>, a <state of incorporation> corporation
(“Company”) and (ii) <Name of Trustee>, (“Trustee”). 
 RECITALS: 
 A. Company has adopted the <Name of Company creating Trust> Deferred Compensation Plan (“Plan”), which is a nonqualified deferred
compensation plan. 
 B. Company has incurred or expects to incur liability under the terms of such Plan with respect to the
individuals participating in such Plan. 
 C. Company wishes to establish a trust (hereinafter called “Trust”) and to
contribute to the Trust assets that shall be held therein, subject to the claims of Company’s creditors in the event of Company’s Insolvency (as herein defined), until paid to Plan participants and their beneficiaries in such manner and at
such times as specified in the Plan. 
 D. It is the intention of the parties that this Trust shall constitute an unfunded arrangement
and shall not affect the status of the Plan as an unfunded plan maintained for the purpose of providing deferred compensation for a select group of management or highly compensated employees for purposes of Title I of the Employee Retirement Income
Security Act of 1974, as amended. 
 E. It is the intention of Company to make contributions to the Trust to provide itself with a
source of funds to assist it in the meeting of its liabilities under the Plan. 
 AGREEMENT: 
 NOW, THEREFORE, the parties do hereby establish the Trust and agree that the Trust shall be comprised, held and
disposed of as follows: 
 1. ESTABLISHMENT OF TRUST. 
 (a) Company hereby deposits with Trustee in trust
$                        , which shall become the principal of the Trust to be held, administered and disposed of by
Trustee as provided in this Trust Agreement. 
 (b) The Trust hereby established is revocable by Company; it
shall become irrevocable upon a “Change in Control” as that term is defined in the Plan. 
  

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 (c) The Trust is intended to be a grantor trust, of which Company is the
grantor, within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of 1986, as amended, and shall be construed accordingly. 
 (d) The principal of the Trust, and any earnings thereon shall be held separate and apart from other funds of Company and
shall be used exclusively for the uses and purposes of Plan participants and general creditors as herein set forth. Plan participants and their beneficiaries shall have no preferred claim on, or any beneficial ownership interest in, any assets of
the Trust. Any rights created under the Plan and this Trust Agreement shall be mere unsecured contractual rights of Plan participants and their beneficiaries against Company. Any assets held by the Trust will be subject to the claims of
Company’s general creditors under federal and state law in the event of Insolvency. 
 (e) Company, in its
sole discretion, may at any time, or from time to time, make additional deposits of cash or other property in trust with Trustee to augment the principal to be held, administered and disposed of by Trustee as provided in this Trust Agreement.
Neither Trustee nor any Plan participant or beneficiary shall have any right to compel such additional deposits. 
 2.
PAYMENTS TO PLAN PARTICIPANTS AND THEIR BENEFICIARIES. 
 (a) Company shall deliver to Trustee a schedule (the “Payment Schedule”) that indicates the amounts payable in
respect of each Plan participant (and his or her beneficiaries), that provides a formula or other instructions acceptable to Trustee for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available
under the Plan), and the time of commencement for payment of such amounts. Except as otherwise provided herein, Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall
make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plan and shall pay amounts withheld to the appropriate
taxing authorities or determine that such amounts have been reported, withheld and paid by Company. 
 (b) The
entitlement of a Plan participant or his or her beneficiaries to benefits under the Plan shall be determined by Company or such party as it shall designate under the Plan, and any claim for such benefits shall be considered and reviewed under the
procedures set out in the Plan. 
 (c) Company may make payment of benefits directly to Plan participants or
their beneficiaries as they become due under the terms of the Plan. Company shall notify Trustee of its decision to make payment of benefits directly prior to the time amounts are payable to participants or their beneficiaries. In addition, if the
principal of the Trust, and any earnings thereon, are not sufficient to make payments of benefits in accordance with the terms of the Plan, Company shall make the balance of each such payment as it falls due. Trustee shall notify Company where
principal and earnings are not sufficient. 
  

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 3. TRUSTEE RESPONSIBILITY REGARDING
PAYMENTS TO TRUST BENEFICIARY WHEN COMPANY IS INSOLVENT. 
 (a) Trustee shall cease payment of benefits to Plan participants and their beneficiaries if Company is Insolvent. Company
shall be considered “Insolvent” for purposes of this Trust Agreement if (i) Company is unable to pay its debts as they become due, or (ii) Company is subject to a pending proceeding as a debtor under the United States Bankruptcy
Code. 
 (b) At all times during the continuance of this Trust, as provided in Section 1(d) hereof, the
principal and income of the Trust shall be subject to claims of general creditors of Company under federal and state law as set forth below. 
 (1) The Board of Directors of Company and the Chief Executive Officer of Company shall have the duty to inform Trustee in writing of Company’s Insolvency. If a person claiming to be a creditor of
Company alleges in writing to Trustee that Company has become Insolvent, Trustee shall determine whether Company is Insolvent and, pending such determination, Trustee shall discontinue payment of benefits to Plan participants or their beneficiaries.

 (2) Unless Trustee has actual knowledge of Company’s Insolvency, or has received notice from Company or
a person claiming to be a creditor alleging that Company is Insolvent, Trustee shall have no duty to inquire whether Company is Insolvent. Trustee may in all events rely on such evidence concerning Company’s solvency as may be furnished to
Trustee and that provides Trustee with a reasonable basis for making a determination concerning Company’s solvency. 
 (3) If at any time Trustee has determined that Company is Insolvent, Trustee shall discontinue payments to Plan participants or their beneficiaries and shall hold the assets of the Trust for the benefit of Company’s
general creditors. Nothing in this Trust Agreement shall in any way diminish any rights of Plan participants or their beneficiaries to pursue their rights as general creditors of Company with respect to benefits due under the Plan or otherwise.

 (4) Trustee shall resume the payment of benefits to Plan participants or their beneficiaries in accordance
with Section 2 of this Trust Agreement only after Trustee has determined that Company is not Insolvent (or is no longer Insolvent). 
 (c) Provided that there are sufficient assets, if Trustee discontinues the payment of benefits from the Trust pursuant to Section 3(b) hereof and subsequently resumes such payments, the first
payment following such discontinuance shall include the aggregate amount of all payments due to Plan participants or their beneficiaries under the terms of the Plan for the period of such discontinuance, less the aggregate amount of any payments
made to Plan participants or their beneficiaries by Company in lieu of the payments provided for hereunder during any such period of discontinuance. 
 4. PAYMENTS TO COMPANY. Except as provided in Section 3 hereof, after the Trust has become irrevocable, Company shall have no right or
power to direct Trustee to return to 

  

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Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to
the terms of the Plan. 
 5. INVESTMENT AUTHORITY. 
 (a) The Trustee may invest in securities (including stock or rights to acquire stock) or obligations issued by Company. All
rights associated with assets of the Trust shall be exercised by Trustee or the person designated by Trustee, and shall in no event be exercised by or rest with the Plan Participants. The Committee shall direct Trustee as to the investment of the
Trust assets. 
 (b) Company shall have the right at any time, and from time to time in its sole discretion, to
substitute assets of equal fair market value for any asset held by the Trust. This right is exercisable by Company in a nonfiduciary capacity without the approval or consent of any person in a fiduciary capacity. 
 (c) All amounts paid to Trustee by Company shall be held and administered by Trustee as a single trust and Trustee shall not
be required to segregate and invest separately any part of the Trust representing interests of individual Plan participants. 
 (d) Neither any Plan participant nor their beneficiaries shall have any authority or control whatsoever over the investments of the Trust. 
 (e) Trustee shall have all the powers necessary to carry out the provisions hereunder. Trustee shall have the custody of all
cash, securities and investments received or purchased in accordance with the terms hereof. Trustee may sell or exchange any property or asset of the Trust at public or private sale, with or without advertisement, upon terms acceptable to Trustee
and in such manner as Trustee may deem wise and proper. The proceeds of any such sale or exchange may be reinvested as provided hereunder. The purchaser of any such property from Trustee shall not be required to look to the application of the
proceeds of any such sale or exchange by Trustee. Trustee may participate in the reorganization, recapitalization, merger or consolidation of any corporation in which Trustee may own stock or securities and may exercise any subscription rights or
conversion privileges, and generally may exercise any of the powers of any owner with respect to any stock or other securities or property comprising the Trust. Trustee may, through any duly authorized officer or proxy, vote or refrain from voting
any shares of stock or securities which Trustee may own from time to time. 
 (f) Trust may retain in cash such
funds as from time to time it may deem advisable. 
 (g) Trustee may hold stocks or other securities in its own
name as Trustee, with or without the designation of the Trust, or in the name of a nominee selected by it for that purpose, and may deposit securities with a depository trust company, but Trustee shall nevertheless be obligated to account for all
securities owned by it as a part of the Trust, notwithstanding the name in which the same may be held. 
 6.
DISPOSITION OF INCOME. During the term of this Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested. 
  

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 7. ACCOUNTING BY TRUSTEE.
Trustee shall keep accurate and detailed records of all investments, receipts, disbursements and all other transactions required to be made, including such specific records as shall be agreed upon in writing between Company and Trustee. Within 45
days following the close of each calendar year, and within 45 days after the removal or resignation of Trustee, Trustee shall deliver to Company a written account of its administration of the Trust during such year or during the period from the
close of the last preceding year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold
with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal or
resignation, as the case may be. 
 8. RESPONSIBILITY OF TRUSTEE. 
 (a) Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent
person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that Trustee shall incur no liability to any person for any action taken pursuant to a
direction, request or approval given by Company which is contemplated by, and in conformity with, the terms of the Plan or this Trust and is given in writing by Company. In the event of a dispute between Company and a party, Trustee may apply to a
court of competent jurisdiction to resolve the dispute. 
 (b) If Trustee undertakes or defends any litigation
arising in connection with this Trust, Company agrees to indemnify Trustee against Trustee’s costs, expenses and liabilities (including, without limitation, reasonable attorneys’ fees and expenses) relating thereto and to be primarily
liable for such payments. If Company does not pay such costs, expenses and liabilities in a reasonably timely manner, Trustee may obtain payment from the Trust. 
 (c) Trustee may consult with legal counsel (who may also be counsel for Company generally) with respect to any of its duties
or obligations hereunder. 
 (d) Trustee shall have, without exclusion, all powers conferred on trustees by
applicable law, unless expressly provided otherwise herein; provided, however, that if an insurance policy is held as an asset of the Trust, Trustee shall have no power to name a beneficiary of the policy other than the Trust, to assign the policy
(as distinct from conversion of the policy to a different form) other than to a successor Trustee, or to loan to any person the proceeds of any borrowing against such policy. 
 (e) Notwithstanding the provisions of Section 8(d) hereof, Trustee may loan to Company the proceeds of any borrowing
against any insurance policy held as an asset of the Trust. 
 (f) Notwithstanding any powers granted to Trustee
pursuant to this Trust Agreement or by applicable law, Trustee shall not have any power that could give this Trust the objective of carrying on a business and dividing the gains therefrom within the meaning of Treas. Reg. § 301.7701-2.

  

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 9. COMPENSATION AND EXPENSES OF
TRUSTEE. Company shall pay all administrative and Trustee’s fees and expenses. If not so paid, the fees and expenses shall be paid from the Trust. 
 10. RESIGNATION AND REMOVAL OF TRUSTEE. 
 (a) Trustee may resign at any time by written notice to Company, which shall be effective 30 days after receipt of such
notice unless Company and Trustee agree otherwise. 
 (b) Trustee may be removed by Company on 10 days notice or
upon shorter notice acceptable by Trustee; provided, however, that upon a Change in Control, Trustee may not be removed by Company for one year. 
 (c) If Trustee resigns within one year after a Change in Control, Company shall apply to a court of competent jurisdiction for the appointment of a successor Trustee or for instructions. 
 (d) Upon resignation or removal of Trustee and appointment of a successor Trustee, all assets shall subsequently be
transferred to the successor Trustee. The transfer shall be completed within 30 days after receipt of notice of resignation, removal or transfer, unless Company extends the time limit. 
 (e) If Trustee resigns or is removed, a successor shall be appointed, in accordance with Section 11 hereof, by the
effective date of resignation or removal under Sections 10(a) or 10(b) hereof. If no such appointment has been made, Trustee may apply to a court of competent jurisdiction for appointment of a successor or for instructions. All expenses of Trustee
in connection with the proceeding shall be allowed as administrative expenses of the Trust. 
 11. APPOINTMENT
OF SUCCESSOR. 
 (a) If Trustee resigns or is removed in accordance with
Sections 10(a) or 10(b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The
appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary
or reasonably requested by Company or the successor Trustee to evidence the transfer. 
 (b) The successor
Trustee need not examine the records and acts of any prior Trustee and may retain or dispose of existing Trust assets, subject to Sections 7 and 8 hereof. The successor Trustee shall not be responsible for, and Company shall indemnify and defend the
successor Trustee from, any claim or liability resulting from any action or inaction of any prior Trustee or from any other past event, or any condition existing at the time it becomes successor Trustee. 
  

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 12. AMENDMENT OR TERMINATION. 
 (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the
foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. 
 (b) The Trust shall not terminate until the date on which Plan participants and their beneficiaries are no longer entitled
to benefits pursuant to the terms of the Plan unless sooner revoked in accordance with Section 1(b) hereof. Upon termination of the Trust, any assets remaining in the Trust shall be returned to Company. 
 (c) This Trust Agreement may not be amended by Company for one year following a Change in Control. 
 13. MISCELLANEOUS. 
 (a) Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition, without invalidating the remaining provisions hereof. 
 (b) Benefits payable to Plan participants and their beneficiaries under this Trust Agreement may not be anticipated,
assigned (either at law or in equity), alienated, pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal or equitable process. 
 (c) This Trust Agreement shall be governed by and construed in accordance with, the laws of the Commonwealth of Kentucky
without regard to its conflict of laws rules. 
 14. EFFECTIVE DATE. The effective
date of this Trust Agreement shall be the date of its execution. 
 IN WITNESS
WHEREOF, the parties have executed this Trust Agreement as of the date first written above. 
  

			
	X_NAME OF COMPANY CREATING TRUST_X
		
	By:	 	 
	Title:	 	 
		 	(“x_DefinedName_x”)

  

			
	X_NAME OF TRUSTEE_X
		
	By:	 	 
	Title:	 	 
		 	(“x_DefinedName_x”)

  

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