Document:

Ex1021cNEDirComp121313

Exhibit 10.21c

WELLCARE HEALTH PLANS, INC.

Non-Employee Director Compensation Policy

This Non-Employee Director Compensation Policy (the “Policy”) sets forth the compensation to be paid to non-employee members (“Non-Employee Directors”) of the Board of Directors (the “Board”) of WellCare Health Plans, Inc. (the “Company”), which shall remain in effect until amended, replaced or rescinded by further action of the Board.  

Annual Retainers and Fees

Effective October 31, 2013, the retainers and fees for Non-Employee Directors will be as set forth below and shall be cumulative.

Board Service:

		
	•
	A base annual retainer of $90,000.

		
	•
	Chairman of the Board – The non-executive Chairman of the Board, if any, shall receive an additional annual retainer of $250,000.

		
	•
	Lead Director - The lead director, if any, shall receive an additional annual retainer of $20,000.

Standing Committees:

		
	•
	Audit and Finance Committee - Each member of the Audit and Finance Committee shall receive an additional annual retainer of $20,000, except the chairperson who shall receive an additional retainer of $35,000.

		
	•
	Compensation Committee - Each member of the Compensation Committee shall receive an additional annual retainer of $12,000, except the chairperson who shall receive an additional retainer of $22,000.

		
	•
	Each member of the Nominating and Corporate Governance Committee, the Health Care Quality and Access Committee and the Regulatory Compliance Committee shall receive an additional annual retainer of $8,000, except the chairpersons who shall receive an additional retainer of $18,000.

Non-Standing Committees:

		
	•
	Retainers for each non-standing committee will be evaluated periodically and based on expected roles and responsibilities.

Payments

The annual retainers for service on the Board and committees of the Board as set forth above shall be paid by the Company in quarterly installments as soon as practicable after the end of each of the Company’s fiscal quarters for which the member shall have served.  A member of the Board or any of its committees 

1

who serves on such during a portion of a quarterly period, shall be entitled to the full quarterly installment for such quarterly period.      

Notwithstanding the foregoing, the annual retainer paid to a member serving on a non-standing committee for a portion of a quarterly period, shall be entitled to the quarterly installment calculated on a pro-rata, monthly basis.  

Initial Equity Awards

Unless otherwise determined by the Compensation Committee and subject to the Compensation Committee’s approval, upon, and contingent on, a new Non-Employee Director’s appointment or election to the Board, a newly elected or appointed Non-Employee Director shall receive an initial equity award of restricted stock units with a fair market value of approximately $140,000, pro-rated (based on a 365 day year) for the number of days between the appointment or election date of the Non-Employee Director and the anticipated date of the next annual meeting of stockholders at the time of appointment or election as determined by the Secretary of the Company, rounded to the nearest whole share, as determined by reference to the officially-quoted closing selling price of the Company’s common stock on the New York Stock Exchange on the grant date, pursuant to and in accordance with the terms and provisions of a restricted stock unit agreement and the Company’s 2013 Incentive Compensation Plan (the “2013 Plan”); provided, however, that the fair market value of a Non-Employee Director’s initial equity award is limited to approximately $140,000; provided, further, that the fair market value of a Non-Employee Director’s initial equity award will be approximately $140,000 if the Non-Employee Director is joining the Board at the annual meeting of stockholders.  Such equity awards shall vest in full on the earlier of the first anniversary of the date of grant or the date of the next annual meeting of stockholders.      

Annual Equity Awards

Unless otherwise determined by the Compensation Committee and subject to the Compensation Committee’s approval, each Non-Employee Director, other than a Non-Employee Director joining the Board at the annual meeting, shall receive an annual equity award of either restricted stock units or deferred stock units, as elected by the Non-Employee Director,  with a fair market value of approximately $140,000, rounded to the nearest whole share, as determined by reference to the officially-quoted closing selling price of the Company’s common stock on the New York Stock Exchange on the grant date, pursuant to and in accordance with the terms and provisions of a restricted stock unit agreement or deferred stock unit agreement, as the case may be, and the 2013 Plan.  Unless otherwise determined by the Compensation Committee, all such annual equity awards shall be granted on the date of the Company’s annual meeting of stockholders.  Such equity awards shall vest in full on the earlier of the first anniversary of the date of grant or the date of the next annual meeting of stockholders.  

Stock Ownership Guidelines 

Non-Employee Directors are required to own shares of the Company’s common stock (the “Ownership Requirement”) having a value (as described below) equal to the sum of five (5) times the base annual retainer payable to each Non-Employee Director as set forth in this Policy as in effect from time to time.

For purposes of determining ownership, the following will be used in determining whether a Non-Employee Director has satisfied the Ownership Requirement:

2

		
	•
	One hundred percent (100%) of the value of shares of the Company’s common stock owned individually, either directly or indirectly, including vested and unvested restricted stock, restricted stock unit awards, deferred stock unit awards or shares acquired upon exercise of stock options; and

		
	•
	Shares of the Company’s common stock owned jointly, or separately by a spouse, domestic partner and/or minor children, directly or indirectly.

No other rights to acquire shares of Company common stock (including stock options or similar rights) shall be considered shares of Company common stock for purposes of meeting the Ownership Requirements under this Policy.  

For purposes hereof, the value of a share of the Company’s common stock, including vested and unvested restricted stock, restricted stock units and deferred stock units, shall be calculated on April 1st of each year based on the average closing price of the Company’s common stock during the most recently completed fiscal quarter at the time of the calculation (a “Determination Date”).  If a Non-Employee Director does not meet the Ownership Requirement as of a Determination Date, such Non-Employee Director must satisfy the Ownership Requirement on the next Determination Date.

In the event the base annual retainer increases, each Non-Employee Director will have five (5) years from the time of the increase to acquire any additional shares needed to satisfy the Ownership Requirement. 

A Non-Employee Director shall have until the end of the first Determination Date following the fifth anniversary of such Non-Employee Director’s election or appointment to the Board or upon otherwise becoming a Non-Employee Director of the Board to satisfy the Ownership Requirement; provided, however, that a Non-Employee Director who was a Non-Employee Director of the Company as of April 1, 2009, shall have until December 31, 2013 to meet the Ownership Requirement.

Approved by the Board: March 23, 2009
Amended by the Board April 29, 2009
Amended by the Board August 5, 2010
Amended by the Board December 16, 2010
Amended by the Board May 24, 2012
Amended by the Board May 23, 2013
Amended by the Board September 12, 2013
Amended by the Board October 31, 2013
Amended by the Board December 13, 2013

3Ex1034eFA972Amendment4

Exhibit 10.34.e

AHCA CONTRACT NO. FA972
AMENDMENT NO. 4

THIS CONTRACT, entered into between the State of Florida, AGENCY FOR HEALTH CARE ADMINISTRATION, hereinafter referred to as the "Agency" and WELLCARE OF FLORIDA, INC., D/B/A HEALTHEASE, hereinafter referred to as the "Vendor," or “Health Plan,” is hereby amended as follows:
		
	1.
	Effective October 1, 2013, Attachment I, Scope of Services, Capitated Health Plans, Exhibit 1, Maximum Enrollment Levels, Effective Date 09/01/2012 – 08/31/2015, is hereby deleted in its entirety and replaced with Exhibit 1, Maximum Enrollment Levels, Effective Date 10/01/2013 – 08/31/2015, attached hereto and made part of this Contract.  All references in this Contract to Exhibit 1, Maximum Enrollment Levels 09/01/2012 – 08/31/2015 shall hereinafter refer to Exhibit 1, Maximum Enrollment Levels 10/01/2013 – 08/31/2015.

Unless otherwise stated, this Amendment shall be effective upon execution by both Parties.
All provisions not in conflict with this Amendment are still in effect and are to be performed at the level specified in this Contract.
This Amendment, and all its attachments, are hereby made part of this Contract.
This Amendment cannot be executed unless all previous amendments to this Contract have been fully executed.
IN WITNESS WHEREOF, the Parties hereto have caused this five (5) page Amendment (including all attachments) to be executed by their officials thereunto duly authorized.
	
					
	WELLCARE OF FLORIDA, INC., D/B/A
	 
	STATE OF FLORIDA, AGENCY FOR

	HEALTHEASE
	 
	HEALTH CARE ADMINISTRATION

	
						
	SIGNED
	 
	SIGNED
	 

	BY:
	/s/ David McNichols
	 
	BY:
	/s/ Elizabeth Dudek

	
					
	NAME:
	David McNichols
	 
	NAME:
	Elizabeth Dudek

	 
	 
	 
	 
	 

	TITLE:
	President, FL and HI Division
	 
	TITLE:
	Secretary

	 
	 
	 
	 
	 

	DATE:
	Nov. 18, 2013
	 
	DATE:
	11/22/2013

List of Attachments/Exhibits included as part of this Amendment:
	
						
	Specify
	Letter/
	 
	 
	 
	 

	Type
	Number
	Description
	 
	 
	 

	Attachment I
	Exhibit I
	Maximum Enrollment Levels
	 
	 

	 
	 
	Effective Date 10/01/2013 – 08/31/2015 (4 Pages)

    
REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

AHCA Contract No. FA972, Amendment No. 4, Page 1 of 1

    

	
			
	WellCare of Florida, Inc. d/b/a
	 
	Medicaid HMO Non-Reform Contract

	Healthease
	 
	 

    

ATTACHMENT I
EXHIBIT 1
MAXIMUM ENROLLMENT LEVELS
EFFECTIVE DATE 10/01/2013 – 08/31/2015

Maximum enrollment levels and Health Plan provider numbers associated with the counties and populations served as denoted below. Attachment I, Scope of Services, Exhibit 2-NR provide the capitation rate tables respective to the areas of operation listed below.

		
	A.
	Non-Reform

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates 

Area1 Counties:  Escambia, Santa Rosa
    
	
			
	Effective Date:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Escambia
	67,500
	15019344

	Santa Rosa
	31,500
	15019343

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates 

Area 2 Counties:  Bay, Calhoun, Gadsden, Jefferson, Leon, Liberty, Madison, Wakulla
    
	
			
	Effective Date:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Bay
	16,900
	15019345

	Calhoun
	800
	15019340

	Gadsden
	3,500
	15019315

	Jefferson
	1,000
	15019318

	Leon
	7,000
	15019320

	Liberty
	400
	15019342

	Madison
	1,500
	15019322

	Wakulla
	1,000
	15019336

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

AHCA Contract No. FA972, Attachment I, Exhibit 1, Page 1 of 4

    

	
			
	WellCare of Florida, Inc. d/b/a
	 
	Medicaid HMO Non-Reform Contract

	Healthease
	 
	 

    

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates

		
	Area 3 Counties:
	Citrus, Lake, Marion, Putnam

    
	
			
	Effective Dates:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Citrus
	7,500
	15019309

	Lake
	17,000
	15019319

	Marion
	20,000
	15019323

	Putnam
	6,000
	15019329

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates 

Area 4 Counties:  Duval, Volusia
    
	
			
	Effective Date:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Duval
	55,000
	15019313

	Volusia
	15,000
	15019335

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates 

Area 5 Counties:  Pasco, Pinellas
    
	
			
	Effective Date:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Pasco
	6,000
	15019302

	Pinellas
	9,000
	15019303

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

AHCA Contract No. FA972, Attachment I, Exhibit 1, Page 2 of 4

    

	
			
	WellCare of Florida, Inc. d/b/a
	 
	Medicaid HMO Non-Reform Contract

	Healthease
	 
	 

    

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates 

Area 6 Counties:  Highlands, Hillsborough, Manatee, Polk
    
	
			
	Effective Date:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Highlands
	3,000
	15019317

	Hillsborough
	18,000
	15019300

	Manatee
	6,000
	15019301

	Polk
	10,000
	15019304

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates 

Area 7 Counties:  Brevard, Orange, Osceola, Seminole
    
	
			
	Effective Date:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Brevard
	14,000
	15019308

	Orange
	25,000
	15019327

	Osceola
	8,000
	15019328

	Seminole
	4,000
	15019333

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates 

Area 8 County:  Sarasota
    
	
			
	Effective Dates:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Sarasota
	3,000
	15019332

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

AHCA Contract No. FA972, Attachment I, Exhibit 1, Page 3 of 4

    

	
			
	WellCare of Florida, Inc. d/b/a
	 
	Medicaid HMO Non-Reform Contract

	Healthease
	 
	 

    

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates 

Area 9 Counties:  Martin, Palm Beach
    
	
			
	Effective Dates:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Martin
	5,000
	15019324

	Palm Beach
	10,500
	15019339

        

See Exhibit 2-NR Table 2, General Capitation Rates plus Mental Health Rates 

Area 10 County:  Broward
    
	
			
	Effective Date:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Broward
	13,500
	15019337

See Exhibit 2-NR Table 2, General Capitation Rates, Mental Health Rates 

Area 11 County:  Miami-Dade
    
	
			
	Effective Date:  09/01/2012

	County
	Enrollment Level
	Provider Number

	Miami-Dade
	25,000
	15016909

AHCA Contract No. FA972, Attachment I, Exhibit 1, Page 4 of 4

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