Document:

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                                                                   EXHIBIT 10.14

                             WELLCARE HOLDINGS, LLC
                        2002 SENIOR EXECUTIVE EQUITY PLAN

                                   ARTICLE I

                                 PURPOSE OF PLAN

                  This 2002 Senior Executive Equity Plan (this "Plan") of
WellCare Holdings, LLC (the "Company"), was adopted by the Company's Board of
Directors (the "Board") on September 6, 2002 (the "Effective Date"), and is
intended to advance the best interests of the Company by providing senior
executives and other key employees of the Company or any other WellCare Company
(as defined below) with additional incentives by allowing such senior executives
and key employees to acquire an ownership interest in the Company.

                                   ARTICLE II

                                   DEFINITIONS

                  For purposes of this Plan the following terms have the
indicated meanings:

                  "Affiliate" means, when used with reference to a specified
Person, any Person that directly or indirectly controls or is controlled by or
is under common control with the specified Person. As used in this definition,
"control" (including, with its correlative meanings, "controlled by" and "under
common control with") shall mean possession, directly or indirectly, of power to
direct or cause the direction of management or policies (whether through
ownership of securities or partnership or other ownership interests, by contract
or otherwise). With respect to any Person who is an individual, "Affiliates"
shall also include, without limitation, any member of such individual's Family
Group.

                  "Cause" means, with respect to any Participant, (i) such
Participant's conviction by a court (or plea of guilty or no contest) of a
felony, or any crime involving theft, dishonesty or moral turpitude; (ii) act(s)
or omission(s) by such Participant which are willful and deliberate act(s) or
omission(s) intended to harm or injure the business, operations, financial
condition, properties, assets, prospects, value or reputation of any WellCare
Company; (iii) such Participant's willful misconduct which results in material
harm to any WellCare Company and/or which has a material adverse effect on the
business, operations, properties, assets, prospects, value or business
relationships of any WellCare Company; (iv) such Participant's willful disregard
of the lawful and reasonable directives of the Board; or (v) a material breach
by such Participant of any material covenant or agreement between such
Participant and any WellCare Company, provided that if such breach is capable of
remedy such Participant shall have 15 days from notification of the breach by
the Company in which to remedy such breach.

                  "Class A Common Units" means the Company's Class A Common
Units (as such term is defined in the LLC Agreement).

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                  "Class C Common Units" means the Company's Class C Common
Units (as such term is defined in the LLC Agreement).

                  "Code" means the Internal Revenue Code of 1986, as amended,
and any successor statute.

                  "Committee" means the Compensation Committee or such other
committee of the Board as the Board may designate to administer this Plan or, if
for any reason the Board has not designated such a committee, the Board. The
Committee, if other than the Board, shall be composed of two or more directors
as appointed from time to time by the Board.

                  "Common Units" means collectively the Class A Common Units,
the Class B Common Units (as such term is defined in the LLC Agreement), the
Class C Common Units and any other equity securities of the Company (or its
successors) which are not limited to a fixed sum or percentage of par value or
stated value in respect of the rights of the holders thereof to participate in
dividends or other distributions or in the distribution of assets upon any
voluntary or involuntary liquidation, dissolution or winding up of the issuer of
such securities, including any common equity securities of any successor entity
of the Company issued pursuant to a transaction of the type described in Section
12.16 of the LLC Agreement.

                  "Disqualifying Event" means, with respect to any Participant,
any breach by such Participant of any non-competition, non-solicitation,
non-disclosure or confidentiality agreement between such Participant and any
WellCare Company.

                  "Employee Incentive Units" means (i) all Class C Common Units
issued hereunder and (ii) all equity securities issued with respect to the
equity referred to in clause (i) above by way of unit or stock dividend or
distribution or stock or unit split in connection with any conversion, merger,
consolidation or recapitalization or other reorganization affecting the Class C
Common Units.

                  "Employee Investment Units" means (i) all Class A Common Units
issued hereunder and (ii) all equity securities issued with respect to the
equity referred to in clause (i) above by way of unit or stock dividend or
distribution or stock or unit split in connection with any conversion, merger,
consolidation or recapitalization or other reorganization affecting the Class A
Common Units.

                  "Employee Units" means the Employee Incentive Units and the
Employee Investment Units. Unless otherwise provided herein or in a
Participant's Subscription Agreement (as defined herein), except in connection
with an Approved Sale (as defined herein) or a Public Sale, Employee Units will
continue to be Employee Units in the hands of any holder of Employee Units
(except for the Company), and each such transferee thereof will succeed to the
rights and obligations of a holder of Employee Units hereunder.

                  "Fair Market Value" per Class A Common Unit, Class C Common
Unit or of any other security as of any given date shall be as determined by the
Board based on such factors as the members thereof, in the exercise of their
business judgment, consider relevant.

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                  "Family Group" means, when used with reference to a specified
individual Person, (i) such Person's spouse and descendants (whether natural or
adopted) and any trust solely for the benefit of such Person and/or such
Person's spouse and/or descendants or (ii) any company, limited liability
company or other entity which is controlled solely by such Person or the Person
and such Person's spouse.

                  "Independent Third Party" means any Person other than Soros
Fund or any Affiliate of Soros Fund.

                  "LLC Agreement" means the Second Amended and Restated Limited
Liability Company Agreement of the Company, as amended or restated from time to
time.

                  "Participant" means any senior executive or other employee of
any WellCare Company who has been selected to participate in this Plan by the
Committee or the Board.

                  "Person" means an individual, a partnership, a corporation, a
limited liability company, an association, a joint stock company, a trust, a
joint venture, an unincorporated organization, a governmental entity or any
department, agency or political subdivision thereof or any other entity or
organization.

                  "Public Offering" means an underwritten public offering and
sale of Common Units or any common equity securities of any successor entity to
the Company issued pursuant to a transaction of the type described in Section
12.16 of the LLC Agreement, in each case, pursuant to an effective registration
statement under the Securities Act; provided that a Public Offering shall not
include an offering made in connection with a business acquisition or
combination pursuant to a registration statement on Form S-4 or any form for
similar registration purposes, or an employee benefit plan pursuant to a
registration statement on Form S-8 or any form for similar registration
purposes.

                  "Public Sale" means the sale of Employee Units to the public
pursuant to an offering registered under the Securities Act or, after the
consummation of an initial Public Offering, to the public pursuant to the
provisions of Rule 144 (or any similar rule or rules then in effect) under the
Securities Act.

                  "Securities Act" means the Securities Act of 1933, as amended.

                  "Soros Fund" means Soros Private Equity Investors LP.

                  "Termination Date" means with respect to any Participant, the
date that such Participant ceases to be an employee of any of the WellCare
Companies for any reason.

                  "WellCare Companies" means the Company, WellCare Acquisition
Company and their respective subsidiaries whether currently existing of
hereafter acquired or formed.

                  "Valuation Date" means, with respect to any Repurchase Option
(as herein defined), the date, if any, that the Company delivers a Repurchase
Notice (as herein defined) to a holder of Employee Units.

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                                   ARTICLE III

                                 ADMINISTRATION

                  This Plan shall be administered by the Committee. Subject to
the limitations of this Plan, the Committee shall have the sole and complete
authority to: (i) select Participants, (ii) issue and grant Class A Common Units
and Class C Common Units to Participants in such forms and for such amounts as
it shall determine, (iii) impose such limitations, restrictions and conditions
upon Employee Units as it shall deem appropriate, (iv) interpret this Plan and
adopt, amend and rescind administrative guidelines and other rules, procedures
and regulations relating to this Plan, (v) correct any defect or omission or
reconcile any inconsistency in this Plan or in any Subscription Agreement (as
herein defined) and (vi) make all other determinations and take all other
actions necessary or advisable for the implementation and administration of this
Plan. The Committee's determinations on matters within its authority shall be
conclusive and binding upon the Participants, the Company and all other Persons.
All expenses associated with the administration of this Plan shall be borne by
the Company. The Committee may, as approved by the Board and to the extent
permissible by law, delegate any of its authority hereunder to such Persons as
it deems appropriate.

                                   ARTICLE IV

 LIMITATION ON AGGREGATE NUMBER OF CLASS A COMMON UNITS AND CLASS C COMMON UNITS

                  The number of Class A Common Units and Class C Common Units
which may be issued and/or granted under this Plan shall not exceed, in the
aggregate, such number of Common Units as shall be determined from time to time
by the Board (which number may be increased by the Board, in their sole
discretion) (such number to be appropriately adjusted for any unit or stock
split, reverse unit or stock split, unit or stock dividend or distribution or
other combination of Common Units after the date hereof). With respect to any
issuance and/or grant of Class A Common Unit and Class C Common Units to any
Participant, (x) Class A Common Units shall be issued to such Participant in
exchange for a cash issuance price to be paid to the Company by such Participant
in an amount equal to the then Fair Market Value of such Class A Common Units
and (y) Class C Common Units shall be granted to such Participant. To the extent
any Class A Common Units or Class C Common Units issued hereunder are forfeited
or are repurchased by the Company, such Class A Common Units and/or Class C
Common Units, as the case may be, shall again be available for issuance and/or
grant under this Plan.

                                   ARTICLE V

              RIGHTS AND OBLIGATIONS WITH RESPECT TO EMPLOYEE UNITS

         5.1      VESTING OF EMPLOYEE INCENTIVE UNITS. At the discretion of the
Committee, exercised at the time of issuance and/or grant, Employee Incentive
Units may vest, in one or more installments, upon (i) the fulfilment of certain
conditions, (ii) the passage of a specified period of time, and/or (iii) the
achievement by any or all of the WellCare Companies of certain performance
goals.

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         5.2      RIGHT TO PURCHASE EMPLOYEE UNITS UPON TERMINATION OF
EMPLOYMENT OR UPON A DISQUALIFYING EVENT.

                  (a)      REPURCHASE RIGHT. If, with respect to any
Participant, either a Termination Date or a Disqualifying Event (as determined
by the Board) occurs, then such Participant's Employee Units (whether held by
such Participant or one or more transferees and including any Employee Units
acquired subsequent to such Termination Date or Disqualifying Event) will, at
the Company's election, be subject to repurchase by the Company pursuant to the
terms and conditions set forth in this Section 5.2 (the "Repurchase Option") at
a price per Employee Unit equal to the Fair Market Value per Employee Unit
determined as of the Valuation Date, less the amount of any cash distributed by
the Company with respect to such Employee Unit between the applicable Valuation
Date and the closing of the applicable repurchase; provided, that,
notwithstanding the foregoing, if, at any time prior to the date nine years
after the Employee Units were first issued to such Participant, the Termination
Date occurs due to a termination by the Company of such Participant's employment
for Cause (as determined by the Board) or if a Disqualifying Event has occurred,
then the applicable Employee Units will be subject to the Repurchase Option at a
price per Employee Unit equal to the lesser of (x) a price per Employee Unit
equal to the Fair Market Value per Employee Unit determined as of the Valuation
Date, less the amount of any cash distributed by the Company with respect to
such Employee Unit between the applicable Valuation Date and the closing of the
applicable repurchase and (y) the price paid to the Company for such Employee
Unit by such Participant, less the amount of any cash distributed by the Company
with respect to such Employee Unit between the date such Employee Unit was
issued by the Company and the closing of the applicable repurchase.

                  (b)      REPURCHASE PROCEDURES. The Repurchase Option is
exercisable by the Company delivering written notice (the "Repurchase Notice")
to the holder or holders of the applicable Employee Units at any time during the
six-month period beginning on the applicable Termination Date or on the date the
Company obtains knowledge of the Disqualifying Event, as the case may be. The
Repurchase Notice will set forth the number of Employee Units to be acquired
from such holder(s), an estimate of the aggregate consideration to be paid for
such holder's Employee Units and the time and place for the closing of the
transaction.

                  (c)      CLOSING OF REPURCHASE. The closing of the
transactions contemplated by this Section 5.2 will take place on the date
designated by the Company in the Repurchase Notice, which date will not be more
than 60 days after the delivery of such notice. The amount of the repurchase
price to be paid for any Employee Units to be purchased by the Company pursuant
to a Repurchase Option shall be determined pursuant to Section 5.2(a) hereof and
the aggregate amount of such repurchase price shall be referred to herein as the
"Aggregate Repurchase Price". The Company will pay the applicable Aggregate
Repurchase Price for any Employee Units to be purchased by the Company pursuant
to a Repurchase Option by delivery of a check payable to or by wire transfer to
an account or account(s) designated by the holder(s) of such Employee Units in
an aggregate amount equal to the applicable Aggregate Repurchase Price for such
Employee Units. Notwithstanding anything to the contrary contained in this Plan,
all repurchases of Employee Units by the Company pursuant to a Repurchase Option
will be subject to applicable restrictions contained under applicable law
(including Delaware law) and in the Company's and

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the other WellCare Companies' debt and equity financing agreements. If any such
restrictions prohibit the repurchase of Employee Units pursuant to this Section
5.2 which the Company is otherwise entitled to make, the Company may make such
repurchases as soon as it is permitted to do so under such restrictions. The
Company will receive from each seller regarding the sale of Employee Units the
representation that such seller has good and marketable title to such Employee
Units and that such Employee Units will be transferred to the Company free and
clear of all liens, claims and other encumbrances.

         5.3      RESTRICTIONS ON TRANSFER OF EMPLOYEE UNITS.

                  Neither any Participant nor any Permitted Transferee (as
herein defined) may directly or indirectly, sell, pledge, assign, transfer or
otherwise dispose of (a "Transfer") any interest in any Employee Units, except
(i) to the Company, (ii) in Public Sales or in an Approved Sale (as herein
defined), (iii) pursuant to applicable laws of descent and distribution, or (iv)
among such Participant's Family Group but only if such Transfer is for valid
estate planning purposes and has been approved by the Board; provided that the
restrictions contained in this Section 5.3 will continue to be applicable to the
Employee Units after any Transfer of the type referred to in clause (iii) or
(iv) above and, as a condition to any such Transfer, the transferees of such
Employee Units must agree in writing (which writing must be delivered to the
Company) to be bound by the provisions of this Plan (unless such Transfer is
pursuant to applicable laws of descent and distribution, in which case, such
writing shall be entered into and delivered to the Company as soon as reasonably
possible after such Transfer). Any transferee of Employee Units pursuant to a
Transfer in accordance with clause (iii) or (iv) above is herein referred to as
a "Permitted Transferee." Upon the proposed Transfer of any Employee Units
pursuant to clause (iii) or (iv) above, such Participant or such Permitted
Transferee transferring such Employee Units will deliver a written notice (a
"Transfer Notice") to the Company, which discloses in reasonable detail the
identity of the Permitted Transferee(s).

         5.4      ADDITIONAL RESTRICTIONS ON TRANSFER.

                  (a)      Any certificates representing Employee Units will
bear the following legend:

                  "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
                  "ACT"), AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF
                  AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN
                  EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES
                  REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO ADDITIONAL
                  RESTRICTIONS ON TRANSFER, CERTAIN REPURCHASE OPTIONS AND
                  CERTAIN OTHER AGREEMENTS SET FORTH IN THE ISSUER'S 2002 SENIOR
                  EXECUTIVE EQUITY PLAN, A COPY OF WHICH MAY BE OBTAINED BY

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                  THE HOLDER HEREOF AT THE ISSUER'S PRINCIPAL PLACE OF BUSINESS
                  WITHOUT CHARGE."

The legend set forth above regarding this Plan shall be removed from any
certificates evidencing any securities which cease to be Employee Units.

                  (b)      No holder of Employee Units may Transfer any Employee
Units (except pursuant to an effective registration statement under the
Securities Act) without first delivering to the Company an opinion of counsel
reasonably acceptable in form and substance to the Company (which counsel will
be reasonably acceptable to the Company) that registration under the Securities
Act is not required in connection with such Transfer. If such opinion of
counsel, reasonably acceptable in form and substance to the Company, further
states that no subsequent Transfer of such Employee Units will require
registration under the Securities Act, if applicable, the Company will promptly
upon such Transfer deliver new certificates for such securities which do not
bear the Securities Act legend set forth in Section 5.4(a).

         5.5      APPROVED SALE OF THE COMPANY.

                  (a)      If the Board or the holders of a majority of the
number of voting Common Units then outstanding approve a sale of all or
substantially all of the Company's assets determined on a consolidated basis or
a sale of all (or, for accounting, tax or other reasons, substantially all) of
the outstanding Common Units (whether by merger, recapitalization,
consolidation, reorganization, combination or otherwise) to an Independent Third
Party or group of Independent Third Parties (each such sale, an "Approved
Sale"), then each holder of Employee Units will vote for, consent to and raise
no objections against such Approved Sale. If the Approved Sale is structured as
(i) a merger or consolidation, each holder of Employee Units will waive any
dissenters' rights, appraisal rights or similar rights in connection with such
merger or consolidation or (ii) a sale of equity securities, each holder of
Employee Units will agree to sell all of his or her Employee Units on the terms
and conditions approved by the Board or the holders of a majority of the voting
Common Units then outstanding, as the case may be. Each holder of Employee Units
will take all necessary or desirable actions in connection with the consummation
of the Approved Sale as requested by the Company. Each holder of Employee Units,
upon execution of the applicable Subscription Agreement, irrevocably constitutes
and appoints the Company the true and lawful attorney of such holder, with full
power of substitution, in the name of such holder or the Company to give effect
to this Section 5.5, including the execution of any documentation necessary to
transfer ownership of Employee Units pursuant to an Approved Sale. Each holder
of Employee Units, upon execution of the applicable Subscription Agreement,
agrees that the powers granted to the Company in the immediately preceding
sentence are coupled with an interest and are irrevocable by any holder of
Employee Units.

                  (b)      If the Company or the holders of the Company's
securities enter into any negotiation or transaction for which Rule 506 (or any
similar rule then in effect) promulgated by the Securities and Exchange
Commission may be available with respect to such negotiation or transaction
(including a merger, consolidation or other reorganization), the holders of
Employee Units will, at the request of the Company, appoint a purchaser
representative (as such term is

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defined in Rule 501) reasonably acceptable to the Company. If any holder of
Employee Units appoints a purchaser representative designated by the Company,
the Company will pay the fees of such purchaser representative, but if any
holder of Employee Units declines to appoint the purchaser representative
designated by the Company, such holder will appoint another purchaser
representative, and such holder will be responsible for the fees of the
purchaser representative so appointed.

                  (c)      Each holder of Employee Units will bear their
pro-rata share (based upon the amount of consideration received) of the costs of
any sale of Employee Units pursuant to an Approved Sale to the extent such costs
are incurred for the benefit of all holders of Common Units and are not
otherwise paid by the Company or the acquiring party. Costs incurred by any
holder of Employee Units on his or her own behalf will not be considered costs
of the transaction hereunder.

         5.6      HOLDBACK AGREEMENT. No holder of Employee Units will effect
any sale or distribution of Employee Units during the seven days prior to or the
180-day period beginning on the effective date of any underwritten Public
Offering (except as part of such underwritten registration), unless the
underwriters managing such underwritten Public Offering otherwise agree.

                                   ARTICLE VI

                               GENERAL PROVISIONS

         6.1      WRITTEN AGREEMENT. Each issuance of Class A Common Units and
grant of Class C Common Units hereunder shall be embodied in a written agreement
(the "Subscription Agreement") which shall be signed by the Participant to whom
such Common Units are issued and granted and shall be subject to the terms and
conditions set forth herein.

         6.2      RIGHTS OF PARTICIPANTS. Nothing in this Plan shall interfere
with or limit in any way the right of any WellCare Company to terminate any
Participant's employment at any time (with or without cause), or confer upon any
Participant any right to continue to be employed by any WellCare Company for any
period of time or to continue to receive such Participant's current (or other)
rate of compensation. No senior executive or employee of any WellCare Company
shall have a right to be selected as a Participant or, having been so selected,
to be selected again as a Participant.

         6.3      AMENDMENT, SUSPENSION AND TERMINATION OF PLAN. The Board or
the Committee may suspend or terminate this Plan or any portion thereof at any
time and may amend it from time to time in such respects as the Board or the
Committee may deem advisable; provided, however, that no such amendment,
suspension or termination shall, in any material respect, impair the rights of a
Participant with respect to outstanding Employee Units without the consent of
such Participant.

         6.4      INDEMNIFICATION. In addition to such other rights of
indemnification as they may have as members of the Board or the Committee, the
members of the Board and Committee shall

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be indemnified by the Company against (i) all costs and expenses reasonably
incurred by them in connection with any action, suit or proceeding to which they
or any of them may be party by reason of any action taken or failure to act
under or in connection with this Plan or any Employee Units issued or granted
under this Plan, and (ii) all amounts paid by them in settlement thereof
(provided such settlement is approved by independent legal counsel selected by
the Company) or paid by them in satisfaction of a judgment in any such action,
suit or proceeding; provided, however, that any such Board or Committee member
shall be entitled to the indemnification rights set forth in this Section 6.4
only if such member (1) acted in good faith and in a manner that such member
reasonably believed to be in, and not opposed to, the best interests of the
Company, and (2) with respect to any criminal action or proceeding, (A) had no
reasonable cause to believe that such conduct was unlawful, and (B) upon the
institution of any such action, suit or proceeding, a Board or Committee member
shall give the Company written notice thereof and an opportunity to handle and
defend the same before such Board or Committee member undertakes to handle and
defend it on his own behalf.

         6.5      RESTRICTED SECURITIES. All Employee Units shall constitute
"restricted securities," as that term is defined in Rule 144 promulgated by the
Securities and Exchange Commission pursuant to the Securities Act, and may not
be Transferred except in compliance with the registration requirements of the
Securities Act or an exemption therefrom.

         6.6      GOVERNING LAW. This Plan shall be governed by and construed in
accordance with the laws of the State of Delaware, United States of America,
without giving effect to any rules, principles or provisions of choice of law or
conflict of laws (whether of the State of Delaware or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the
State of Delaware.

                                    * * * * *

                                       9<PAGE>

                                                                   EXHIBIT 10.15

                             WELLCARE HOLDINGS, LLC

                             SUBSCRIPTION AGREEMENT
                                      UNDER
                        2002 SENIOR EXECUTIVE EQUITY PLAN

         This Subscription Agreement (this "AGREEMENT") is made and entered into
as of _________, 2003 by and between WellCare Holdings, LLC, a Delaware limited
liability company (the "COMPANY"), and _____________ ("EMPLOYEE"). Capitalized
terms used herein but not defined herein shall have the meanings assigned to
such terms in the Plan (as defined below).

         In consideration of the mutual covenants contained herein, and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

         1.       Purchase, Sale and Grant of Common Units. Pursuant to the
WellCare Holdings, LLC 2002 Senior Executive Equity Plan (the "PLAN"), upon
execution of this Agreement and satisfaction of the other conditions contained
herein, Employee will purchase, and the Company will sell, ________ Class A
Common Units (the "INVESTMENT UNITS"), in exchange for an aggregate cash
purchase price of $____________, which represents a purchase price of $____ per
Class A Common Unit. As a result of the Employee's purchase of the Class A
Common Units described in the immediately preceding sentence, pursuant to the
Plan, the Company hereby grants to the Employee _________ Class C Common Units
(the "INCENTIVE UNITS"). It is a condition precedent to the Company's sale of
the Investment Units and the grant of the Incentive Units that the Employee
shall have executed and delivered to the Company a joinder to the LLC Agreement.

         2.       Employee Bound by the Plan. The Plan is incorporated herein by
reference and made a part hereof. Employee hereby acknowledges receipt of a copy
of the Plan and agrees to be bound by all of the terms and provisions thereof.
As set forth in the Plan, the Investment Units shall be deemed "Employee
Investment Units", the Incentive Units shall be deemed "Employee Incentive
Units" and the Employee Investment Units and the Employee Incentive Units shall
collectively be deemed "Employee Units". For purposes of this Agreement, the
terms Employee Investment Units, Employee Incentive Units and Employee Units
shall refer only to the Investment Units, the Incentive Units and any securities
issued with respect to the Investment Units and/or the Incentive Units
consistent with the definition of the terms Employee Investment Units and
Employee Incentive Units as set forth in the Plan.

         3.       Representations and Warranties; Acknowledgments and
Agreements.

                  (a)      Representations and Warranties by Employee. In
connection with the issuance of Employee Units to Employee pursuant to this
Agreement, Employee hereby represents and warrants to the Company that:

                           (i)      The Employee Units acquired or to be
acquired by Employee will be acquired for Employee's own account and not with a
view to, or intention of, distribution thereof in violation of the Securities
Act or any applicable state securities laws, and no Employee

<PAGE>

Units will be disposed of in contravention of the Securities Act or any
applicable state securities laws.

                           (ii)     Employee is a senior manager of the Company
or one of its subsidiaries, is sophisticated in financial matters and is able to
evaluate the risks and benefits of the investment in Employee Units.

                           (iii)    Employee is able to bear the economic risk
of an investment in Employee Units for an indefinite period of time because the
Employee Units have not been registered under the Securities Act and, therefore,
cannot be sold unless subsequently registered under the Securities Act or an
exemption from such registration is available.

                           (iv)     Employee has had an opportunity to ask
questions and receive answers concerning the terms and conditions of the
offering of Employee Units and has had full access to such other information
concerning the Company and its subsidiaries as Employee has requested. Employee
acknowledges and agrees that this Agreement is a legal document which is a
binding obligation of Employee and that Employee has been provided with ample
opportunity to consult with independent legal counsel regarding the terms,
conditions and nature of this Agreement.

                           (v)      This Agreement constitutes the legal, valid
and binding obligation of Employee, enforceable in accordance with its terms,
and the execution, delivery and performance of this Agreement by Employee does
not and will not conflict with, violate or cause a breach of any agreement,
contract or instrument to which Employee is a party or any judgment, order or
decree to which Employee is subject.

                  (b)      Acknowledgment by Employee. Employee acknowledges and
agrees that neither the issuance of any Employee Units to Employee nor any
provision contained herein will entitle Employee to remain in the employment of
the Company or its subsidiaries or affect the right of the Company or any of its
subsidiaries to terminate Employee's employment at any time for any reason.

                  (c)      Section 83(b) Election. Employee hereby agrees that,
by no later than 30 days after the date hereof, Employee will file an Election
to include Property in Gross Income pursuant to Section 83(b) of the Internal
Revenue Code of 1986, as amended (a "SECTION 83(B) ELECTION") with the Internal
Revenue Service regarding the Employee Units, which Section 83(b) Election shall
be in a form reasonably satisfactory to the Company and may result in Employee
recognizing taxable income during the current calendar year.

         4.       Vesting of Employee Incentive Units.

                  (a)      The Employee Incentive Units shall "vest" as provided
in this Section 4. As of any date the total number of Employee Incentive Units
which will be "VESTED EMPLOYEE INCENTIVE UNITS" as of such date shall equal the
product of the total number of Employee Incentive Units multiplied by the then
Applicable Percentage (as herein defined); provided, however, that upon the
Employee's Termination Date (the "EMPLOYEE TERMINATION DATE"), all vesting of
Employee Incentive Units shall immediately cease, with the effect that from and
after the Employee Termination Date the total number of Employee Incentive Units
which will be

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"Vested Employee Incentive Units" shall equal the number of Employee Incentive
Units which were "Vested Employee Incentive Units" as of the Employee
Termination Date.

                  (b)      For purposes of this Section 4, the "APPLICABLE
PERCENTAGE" shall equal, as of any date, (x) if the Number of Months (as herein
defined) as of such date is less than 12, then zero percent (0%) and (y) if the
Number of Months as of such date is greater than or equal to 12, then "Q"%,
where "Q" is determined by multiplying the Number of Months as of such date by
2.08333333; provided that in no event shall the "Applicable Percentage" be
greater than 100%.

                  (c)      For purposes of this Section 4, the "NUMBER OF
MONTHS" shall equal, as of any date, the number of full calendar months during
the period beginning on _____________ and ending on either (i) such date of
calculation or (ii) the Employee Termination Date if the Employee Termination
Date occurred prior to such date (in all cases rounded down to the nearest whole
number).

                  (d)      As of any date, the term "UNVESTED EMPLOYEE INCENTIVE
UNITS" means the Employee Incentive Units that are not Vested Employee Incentive
Units as of such date.

         5.       Forfeiture of Unvested Employee Incentive Units upon the
Employee Termination Date. If the Employee Termination Date occurs for any
reason, then, effective as of the Employee Termination Date and without any
further action by the Company, the Employee or any of the Employee's Affiliates
or any other Person, all then Unvested Employee Incentive Units (whether owned
by Employee, any of Employee's Affiliates or any other Person) shall immediately
be forfeited to the Company and shall cease to be issued and outstanding.

         6.       Distribution on Unvested Employee Incentive Units.
Notwithstanding anything contained herein to the contrary, if at any time the
Company makes any distribution (other than Tax Advances (as such term is defined
in the LLC Agreement)) or any other payment is made by any Person with respect
to any Unvested Employee Incentive Units which, but for the provisions of this
Section 6, the holder of such Unvested Employee Incentive Units (an "UNVESTED
HOLDER") would be entitled to receive, then such distribution or payment shall
be made into an escrow account (the "ESCROW ACCOUNT") rather than to such
Unvested Holder. The Escrow Account shall provide (i) that the property
distributed or paid into such Escrow Account as well as all earnings thereon
(the "ESCROW PROPERTY") shall be held for the benefit of such Unvested Holder
and for the benefit of the Company's other holders of Common Units as of the
time of such distribution or payment, (ii) that any such Escrow Property that is
cash may be invested in the discretion of the Company (or such other
representative of the holders of the Company's Common Units as of the time of
such distribution or payment as may be appropriate) in short-term fixed income
investments, (iii) that so long as Employee remains an employee of a WellCare
Company, such Unvested Holder's interest in the Escrow Property shall continue
to "vest" in the same manner as the "vesting" of such Unvested Holder's Employee
Incentive Units pursuant to the terms hereof and, subject to any applicable
transfer restrictions on the Escrow Property, upon the "vesting" of any Escrow
Property, ownership and control of such vested Escrow Property shall be
transferred to such Unvested Holder no later than ten business days after the
vesting of such Escrow Property, (iv) that if the Employee Termination Date
occurs prior to the "full vesting" of the Escrow Property, then, subject to any
applicable transfer restrictions on the Escrow Property, all "unvested" Escrow
Property shall be appropriately

                                       3

<PAGE>

distributed to the other holders of the Company's Common Units as of the time of
such distribution or payment, and all of the "vested" Escrow Property which has
not previously been distributed to such Unvested Holder shall be distributed to
such Unvested Holder, (v) that any WellCare Company (or such other
representative of the holders of the Company's Common Units as of the time of
such distribution or payment as may be appropriate) may be the escrow agent, and
(vi) such other terms as the Board (or such other representative of the holders
of the Company's Common Units as of the time of such distribution or payment as
may be appropriate) may deem appropriate and which are, in all material
respects, consistent with the intent of this Agreement (including Section 4 and
this Section 6).

         7.       Unfair Competition.

                  (a)      Scope of Covenant. The Employee agrees that during
the period beginning on the date hereof and ending on the Employee Termination
Date (the "EMPLOYMENT PERIOD"), and for the one year period beginning on the
Employee Termination Date, the Employee shall not, directly or indirectly, on
Employee's own behalf or on behalf of or in conjunction with any Person, without
the prior written consent of the Board:

                           (i)      engage as an officer, director, shareholder,
owner, partner, joint venturer, or in any managerial capacity, whether as an
employee, independent contractor, consultant or advisor (paid or unpaid), or as
a sales representative, or otherwise participate, in each case, in any business
that sells, markets, or provides any benefits or services, that are in direct
competition with the benefits or services provided by any WellCare Company
within any of the States of Florida, Connecticut, New York or any other state
that any WellCare Company is doing business (the "TERRITORY") as of the Employee
Termination Date;

                           (ii)     recruit, hire or solicit any employee or
former employee of any WellCare Company or encourage any employee of any
WellCare Company to leave such WellCare Company's employ, unless such former
employee has not been employed by such WellCare Company for a period in excess
of six months;

                           (iii)    call upon any Person who at that time is or,
at any time after the date one year prior to the Employee Termination Date, has
been a provider, customer or agent of any WellCare Company for the purpose of
soliciting or selling benefits or services in competition with any WellCare
Company within the Territory; or

                           (iv)     request or advise any provider, customer or
agent of any WellCare Company to withdraw, curtail or cancel its business
dealings with such WellCare Company;

provided, however, that nothing in this Section 7(a) shall be construed to
preclude the Employee from making an investment in the securities of any
business enterprise whether or not engaged in competition with a WellCare
Company, to the extent that such securities are actively traded on a national
securities exchange or in the over-the-counter market in the United States or on
any foreign securities exchange; but only if such investment does not exceed two
percent (2%) of the outstanding voting securities of such enterprise.

                                       4

<PAGE>

                  (b)      Reasonableness. It is agreed by the parties that the
foregoing covenants in this Section 7 impose a reasonable restraint on the
Employee in light of the activities and business of the WellCare Companies on
the date of the execution of this Agreement and the current plans of the
WellCare Companies. The Employee acknowledges that the covenants in this Section
7 shall not prevent the Employee from earning a livelihood upon the termination
of employment hereunder, but merely prevents unfair competition with the
WellCare Companies for a limited period of time.

                  (c)      Severability. The covenants in this Section 7 are
severable and separate, and the unenforceability of any specific covenant shall
not affect the provisions of any other covenant. In the event any court of
competent jurisdiction shall determine that the scope, time or territorial
restrictions set forth herein are unreasonable, then it is the intention of the
parties that such restrictions be enforced to the fullest extent that such court
deems reasonable, and this Agreement shall thereby be reformed.

                  (d)      Enforcement by the Company not Limited. All of the
covenants in this Section 7 shall be construed as an agreement independent of
any other provision in this Agreement, and the existence of any claim or cause
of action of the Employee against the Company, whether predicated in this
Agreement or otherwise, shall not constitute a defense to the enforcement by the
Company of such covenants.

                  8.       REPURCHASE RIGHTS; APPROVED SALE. EMPLOYEE HEREBY
ACKNOWLEDGES AND AGREES THAT ALL EMPLOYEE UNITS ACQUIRED PURSUANT HERETO SHALL
BE SUBJECT TO CERTAIN REPURCHASE RIGHTS IN FAVOR OF THE COMPANY, AS SPECIFIED IN
THE PLAN. EMPLOYEE FURTHER ACKNOWLEDGES AND AGREES THAT EMPLOYEE WILL VOTE FOR,
CONSENT TO AND RAISE NO OBJECTIONS AGAINST AN APPROVED SALE, AS SPECIFIED IN THE
PLAN.

                  9.       Severability. Whenever possible, each provision of
this Agreement will be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be
invalid, illegal or unenforceable in any respect under any applicable law or
rule in any jurisdiction, such invalidity, illegality or unenforceability will
not affect any other provision or the effectiveness or validity of any provision
in any other jurisdiction, and this Agreement will be reformed, construed and
enforced in such jurisdiction as if such invalid, illegal or unenforceable
provision had never been contained herein.

                  10.      Notices. Any notice hereunder to the Company shall be
addressed to the Company's principal executive office, Attention: General
Counsel, and any notice hereunder to Employee shall be addressed to Employee at
Employee's last address on the records of the Company, subject to the right of
either party to designate at any time hereafter in writing some other address.
Any notice shall be deemed to have been duly given when delivered personally,
one day following dispatch if sent by reputable overnight courier, fees prepaid,
or three days following mailing if sent by registered mail, return receipt
requested, postage prepaid and addressed as set forth above.

                  11.      Counterparts. This Agreement may be executed in
separate counterparts, each of which will be deemed to be an original and all of
which taken together will constitute one and the same agreement.

                                       5

<PAGE>

                  12.      Binding Effect. This Agreement shall be binding upon
and inure to the benefit of any successors and assigns to the Company and all
persons lawfully claiming under Employee.

                  13.      Governing Law. The validity, construction,
interpretation, administration and effect of the Plan, and of its rules and
regulations, and rights relating to the Plan and to this Agreement, shall be
governed by the substantive laws, but not the choice of law rules, of the State
of Delaware, United States of America.

                  14.      Remedies. The parties hereto acknowledge and agree
that money damages may not be an adequate remedy for any breach of the
provisions of this Agreement and that any party hereto will have the right to
injunctive relief, in addition to all of its other rights and remedies at law or
in equity, to enforce the provisions of this Agreement.

                                    * * * * *

                                       6

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have executed this
Subscription Agreement as of the date first written above.

                                            WELLCARE HOLDINGS, LLC

                                            By: ________________________________
                                                Todd S. Farha
                                                Chief Executive Officer

                                            ____________________________________
                                            ___________________________

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