Document:

exv10w2

Exhibit 10.2

AMENDMENT NO. 1 TO THE

HEALTHMARKETS, INC.

NONQUALIFIED STOCK OPTION AGREEMENT

     This FIRST AMENDMENT (the “Amendment”) to the Nonqualified Stock Option Agreement effective as
of June 26, 2006 (the “Effective Time”) between HealthMarkets, Inc. (the “Company”) and William J.
Gedwed (“Optionee”) (the “Agreement”), is hereby adopted effective June 1, 2008, pursuant to
Section 16 of the Agreement. Words and phrases used herein with initial capital letters that are
not defined herein shall have the meaning provided in the Agreement.

WITNESSETH:

          WHEREAS, the Company and Optionee are parties to a Transition Services Agreement dated June 1,
2008 (the “Transition Services Agreement”);

          WHEREAS, the Company and Optionee are parties to a Stockholders Agreement dated April 5, 2006;
and

          NOW THEREFORE, the Agreement is amended as follows:

I.

     Sections 1(m) and (o) are hereby amended in their entirety to read as follows:

          (m) “Termination for Cause” means the termination by the Company of Optionee’s service as a
Director (as such term is defined in the Transition Services Agreement (a “Director”)) as a result
of (i) the commission by Optionee of an act of gross negligence, willful misconduct, fraud,
embezzlement, misappropriation or breach of fiduciary duty against the Company or any of its
affiliates or Subsidiaries, or the conviction of Optionee by a court of competent jurisdiction of,
or a plea of guilty or nolo contendere to, any felony or any crime involving moral turpitude or any
crime which reasonably could affect the reputation of the Company or Optionee’s ability to perform
the duties required as a Director, (ii) the commission by Optionee of a material breach of any of
the covenants in his Transition Services Agreement with the Company or any Subsidiary or the
Stockholders Agreement, which breach has not been remedied within 30 days of the delivery to
Optionee by the Board of written notice of the facts constituting the breach, and which breach if
not cured, would have a material adverse effect on the Company, or (iii) the habitual and willful
neglect by Optionee of any obligations under his Transition Services Agreement, including his
obligations to the Company as a Director.

          (o) “Termination Without Cause” means the termination by the Company of Optionee’s service as
a Director for any reason other than a Termination for Cause (other than by reason of Optionee’s
death).

II.

     Section 4 is hereby amended in its entirety to read as follows:

 

 

     4. Right to Exercise. Unless terminated as hereinafter provided, the Options shall
become exercisable only as follows:

     (a) The Options shall become exercisable with respect to 20% of the Time-Based Tranche
(13,907 shares) on each of the first five anniversaries of the Effective Time if Optionee
remains in the continuous service of the Company as a Director as of each such date.

     (b) Optionee may earn the right to exercise the option to purchase (i) 25% of the
Performance-Based Tranche (17,383 shares) on the first anniversary of the Effective Time,
(ii) 25% of the Performance-Based Tranche (17,383 shares) on the second anniversary of the
Effective Time, (iii) 17% of the Performance-Based Tranche (11,821 shares) on the third
anniversary of the Effective Time, (iv) 17% of the Performance-Based Tranche (11,821 shares)
on the fourth anniversary of the Effective Time and (v) the remaining 16% of the
Performance-Based Tranche (11,125 shares) on the fifth anniversary of the Effective Time,
provided, however, that (A) as of each such date Optionee shall have remained in the
continuous service of the Company as a Director and (B) the Company shall have achieved
certain specified performance targets (including, without limitation, EBIT, net income and
revenue growth) set by the Compensation Committee after consultation in good faith with the
Chief Executive Officer of the Company for such year. Any shares included in the
Performance-Based Tranche as to which Optionee does not earn the right to exercise the
related Option Shares shall thereupon expire and terminate.

     (c) The Options shall become exercisable with respect to (i) 25% of the Tranche C
Option Shares (17,384 shares) on the first anniversary of the Effective Time, (ii) 25% of
the Tranche C Option Shares (17,384 shares) on the second anniversary of the Effective Time,
(iii) 17% of the Tranche C Option Shares (11,821 shares) on the third anniversary of the
Effective Time, (iv) 17% of the Tranche C Option Shares (11,821 shares) on the fourth
anniversary of the Effective Time and (v) the remaining 16% of the Tranche C Option Shares
(11,125 shares) on the fifth anniversary of the Effective Time, provided however, that as of
each such date Optionee remains in the continuous service of the Company as a Director.

     (d) Notwithstanding anything in Section 4(a), 4(b) or 4(c) hereof to the contrary,
provided that Optionee has executed and not revoked the Release (as such term is defined in
the Transition Services Agreement), any period of time that elapses from the date of
Optionee’s resignation of employment until June 26, 2008 shall be deemed to constitute
“continuous service” for purposes of Sections 4(a), 4(b) and 4(c).

     (e) Notwithstanding the foregoing, the Options granted hereby shall become immediately
exercisable with respect to all of the Option Shares upon the occurrence of a Change of
Control, provided that Optionee remains in the continuous service of the Company as a
Director until the date of the consummation of such Change of Control.

     (f) Notwithstanding anything in this Agreement to the contrary, to the extent Optionee
has executed and not revoked the Release (as such term is defined in the

2

 

Transition Services Agreement) and Optionee’s service with the Company as a Director
terminates for any reason, prior to June 26, 2008, the Options shall be exercisable with
respect to a number of Option Shares equal to the sum of:

	 	(i)	 	the total number of Option Shares that became exercisable
pursuant to Sections 4(a), 4(b) and 4(c) hereof as of the date of Optionee’s
termination of service as a Director; and
	 
	 	(ii)	 	the number of Option Shares that would have become exercisable
under the provisions of Sections 4(a), 4(b) and 4(c) hereof if Optionee served
as a Director until June 26, 2008; provided, however, that the number of Option
Shares that would have become exercisable under the provisions of Section 4(b)
(with respect to the Performance-Based Tranche) if Optionee had remained in the
service of the Company as a Director until the first anniversary of the date of
such termination of service or the date of such failure to nominate or elect
will not become exercisable under this Section 4(f)(ii) if it is apparent, in
the reasonable judgment of the Company, that the Company will miss the
performance targets for the fiscal year in which the termination of service or
failure to nominate or elect occurs.

     All other Options that remain unvested following the application of this Section 4(f)
shall terminate.

     (g) Notwithstanding anything in this Agreement to the contrary, after June 26, 2008, if
Optionee’s service as a Director terminates due to a Termination Without Cause by the
Company or Optionee is not nominated or elected as a Director at any annual meeting of
stockholders of the Company held after June 26, 2008, the Options shall be exercisable with
respect to a number of Option Shares equal to the sum of:

	 	(i)	 	the total number of Option Shares that became exercisable
pursuant to Sections 4(a), 4(b) and 4(c) hereof as of the date of Optionee’s
termination of service as a Director or the date by which Optionee is not
nominated as a Director; and
	 
	 	(ii)	 	the number of Option Shares that would have become exercisable
under the provisions of Sections 4(a), 4(b) and 4(c) hereof if Optionee had
remained in the service of the Company as a Director until the first
anniversary of the date of: (A) Optionee’s termination of service as a Director
due to a Termination Without Cause by the Company (B) the annual meeting of
stockholders of the Company in which Optionee was not nominated or elected as a
Director; provided, however, that the number of Option Shares that would have
become exercisable under the provisions of Section 4(b) (with respect to the
Performance-Based Tranche) if Optionee had remained in the service of the
Company until the first anniversary of the date of such termination of service
or the date of such annual meeting will not become exercisable under this
Section 4(g)(ii) if it is apparent, in the reasonable judgment of the Company,
that

3

 

	 	 	 	the Company will miss the performance targets for the fiscal year in which
the termination of service or failure to nominate occurs.

     All other Options that remain unvested following the application of this Section 4(g)
shall terminate.

     (h) Optionee shall be entitled to the privileges of ownership with respect to Option
Shares purchased and delivered to Optionee upon the exercise of all or part of the Options.

III.

          Section 7 is hereby amended in its entirety to read as follows:

     7. Termination of Agreement. The Agreement and the Options granted hereby shall
terminate automatically and without further notice on the earliest of the following dates:

     (a) following Optionee’s termination of service as a Director for any reason other than
Termination for Cause or following the date that Optionee is not nominated or elected as
Director, the earlier of: (i) one (1) year following Optionee’s date of termination as a
Director or (ii) the remaining term of the Option; provided, however, that it shall be a
condition to the exercise of the Options in the event of Optionee’s death that the Person
exercising the Options shall (x) have agreed in a form satisfactory to the Company to be
bound by the provisions of this Agreement and the Stockholders Agreement and (y) comply with
all regulations and the requirements of any regulatory authority having control of, or
supervision over, the issuance of the shares of Class A-1 Common Stock and in connection
therewith shall execute any documents which the Board shall in its sole discretion deem
necessary or advisable;

     (b) the date Optionee’s services as a Director terminates due to a Termination for
Cause; or

     (c) Ten (10) years from the Effective Time.

     Except as expressly amended hereby, the provisions of the Agreement will remain in full force
and effect.

[Signature page follows.]

4

 

     IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed this the 25th
day of June, 2008.

	 	 	 	 	 
	 	HealthMarkets, Inc.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 	  	 	 
	 	  	 	 
	 	William J. Gedwed 	 

5exv4w44

Exhibit 4.44

Non-Employee
Directors

SINA CORPORATION

2007 SHARE INCENTIVE PLAN

NOTICE OF SHARE OPTION GRANT

     You have been granted an option to purchase Ordinary Shares of SINA Corporation, a Cayman
Islands corporation (the “Company”), as follows:

	 	 	 
	Date of Grant:

	 	MM DD, YYYY
	 
	 	 
	Exercise Price Per Share:

	 	$XX
	 
	 	 
	Total Number of Shares:

	 	XX
	 
	 	 
	Total Exercise Price:

	 	$XX
	 
	 	 
	Expiration Date:

	 	MM DD, YYYY
	 
	 	 
	Type of Option:

	 	Nonstatutory Share Option
	 
	 	 
	Vesting Commencement Date:

	 	MM DD, YYYY
	 
	 	 
	Vesting Schedule:

	 	So long as your Continuous Service
Status does not terminate, the
Shares underlying this Option shall
vest and become exercisable in
accordance with the following
schedule: 1/8th of the Total Number
of Shares shall vest and become
exercisable on the first monthly
anniversary of the Vesting
Commencement Date and 1/48 shall
vest monthly thereafter, provided
that the Optionee obtains all the
necessary governmental approvals and
consents required under Applicable
Laws in connection with the exercise
of the Option and the issuance of
Shares pursuant to the Option.
	 
	 	 
	Termination Period:

	 	You may exercise this Option for 90
days after termination of your
Service except as set out in Section
4 of the Share Option Agreement (but
in no event later than the
Expiration Date). You are
responsible for keeping track of
these exercise periods following the
termination of your Service for any
reason. The Company will not
provide further notice of such
periods.

 

 

     By your signature and the signature of the Company’s representative below, you and the Company
agree that this Option is granted under and governed by the terms and conditions of the SINA
Corporation 2007 Share Incentive Plan and the Share Option Agreement, both of which are attached to
and made a part of this document.

     In addition, you agree and acknowledge that your rights to any Shares underlying this Option
will be earned only as you provide Service over time, that this Option is not being granted to you
as consideration for services you rendered to the Company (or any Parent, Subsidiary, or Affiliate)
prior to your Vesting Commencement Date, and that nothing in this Notice of Share Option Grant or
the attached documents confers upon you any right to continue your employment or service
relationship with the Company (or any Parent, Subsidiary, or Affiliate) for any period of time, nor
does it interfere in any way with your right or the Company’s (or any Parent’s, Subsidiary’s, or
Affiliate’s) right to terminate that relationship at any time, for any reason, with or without
cause.

	 	 	 	 	 
	 	 	THE COMPANY:
	 
	 	 	 	 
	 	 	SINA CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	     
	 

	 	 	 	 
	 

	 	 	 	(Signature)
	 
	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	OPTIONEE:
	 
	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 

	 	 	 	(Signature)
	 
	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 

2

 

Non-Employee
Directors

SINA CORPORATION

2007 SHARE INCENTIVE PLAN

SHARE OPTION AGREEMENT

     1. Grant of Option. SINA Corporation, a Cayman Islands corporation (the
“Company”), hereby grants to the Optionee named in the Notice of Share Option Grant
attached to this Share Option Agreement (“Optionee”), an option (the “Option”) to
purchase the total number of Ordinary Shares (the “Shares”) set forth in the Notice of
Share Option Grant (the “Notice”), at the exercise price per Share set forth in the Notice
(the “Exercise Price”) subject to the terms, definitions and provisions of the SINA
Corporation 2007 Share Incentive Plan (the “Plan”), which is incorporated in this Share
Option Agreement (the “Agreement”) by reference. Unless otherwise defined in this Agreement, the
terms used in this Agreement shall have the meanings defined in the Plan.

     2. Exercise of Option. This Option shall be exercisable during its term in accordance
with the Vesting Schedule set forth in the Notice and with the applicable provisions of the Plan as
follows:

          (a) Right to Exercise.

               (i) This Option may not be exercised for a fraction of a share.

               (ii) In the event of Optionee’s termination of Service, the exercisability of this Option
shall be governed by Section 4 below, subject to the limitations contained in paragraph (iii)
below.

               (iii) In no event may this Option be exercised after the Expiration Date set forth in the
Notice.

               (iv) In no event may this Option be exercised for any Shares except and to the extent that the
Optionee obtains all necessary governmental approvals and consents required under Applicable Laws
in connection with the exercise of the Option and the issuance of Shares pursuant to this Option.

          (b) Method of Exercise.

               (i) This Option shall be exercisable by execution and delivery of the Notice of Exercise
attached hereto as Exhibit A or of any other form of written notice approved for such
purpose by the Company which shall state Optionee’s election to exercise this Option, the number of
Shares in respect of which this Option is being exercised, and such other representations and
agreements as to the holder’s investment intent with respect to such Shares as may be required by
the Company pursuant to the provisions of the Plan. Such written notice shall be signed by
Optionee and shall be delivered to the Company by such means as are determined by the Committee in
its discretion to constitute adequate delivery. The written notice shall be accompanied by payment
of the aggregate Exercise Price for the purchased Shares.

 

 

               (ii) As a condition to the exercise of this Option and as further set forth in Section 13 of
the Plan, Optionee agrees to make adequate provision (as determined in the Company’s sole and
absolute discretion) for any local, federal, state or other tax withholding obligations, if any,
which arise upon the grant, vesting or exercise of this Option, or disposition of Shares, whether
by withholding, direct payment to the Company, or otherwise.

               (iii) The Company is not obligated, and will have no liability for failure, to issue or
deliver any Shares upon exercise of this Option unless such exercise, issuance or delivery would
comply with Applicable Laws, with such compliance determined by the Company in consultation with
its legal counsel. This Option may not be exercised until such time as the Plan has been approved
by the holders of capital stock of the Company, or if the issuance of such Shares upon such
exercise or the method of payment of consideration for such Shares would constitute a violation of
any Applicable Laws, including any applicable U.S. federal or state securities laws or any other
law or regulation, including any rule under Part 221 of Title 12 of the Code of Federal Regulations
as promulgated by the Federal Reserve Board. As a condition to the exercise of this Option, the
Company may require Optionee to make any representation and warranty to the Company as may be
required by Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be
considered transferred to Optionee on the date on which this Option is exercised with respect to
such Shares.

               (iv) Subject to compliance with Applicable Laws, this Option shall be deemed to be exercised
upon receipt by the Company of the appropriate written notice of exercise accompanied by the
Exercise Price and the satisfaction of any applicable withholding obligations.

     3. Method of Payment. Payment of the Exercise Price shall be by any of the following,
or a combination of the following, at the election of Optionee: (a) cash, (b) check, or (c)
Cashless Exercise; but only to the extent that the use of any such form of payment would otherwise
comply with all Applicable Law.

     4. Termination of Relationship. Following the date of termination of Optionee’s
Service for any reason (the “Termination Date”), Optionee may exercise this Option only as
set forth in the Notice and this Section 4. If Optionee does not exercise this Option within the
Termination Period set forth in the Notice or the termination periods set forth below, this Option
shall terminate in its entirety. In no event, may this Option be exercised after the Expiration
Date set forth in the Notice. In the event of termination of Optionee’s Service other than as a
result of Optionee’s Disability, death or for Cause, Optionee may, to the extent Optionee is vested
in the Option Shares, exercise this Option during the Termination Period set forth in the Notice.
In the event of any other termination, Optionee may exercise this Option only as described below:

          (a) Termination upon Disability of Optionee. In the event of termination of
Optionee’s Service as a result of Optionee’s Disability, Optionee may, but only within 12 months
from the Termination Date, exercise this Option to the extent Optionee is vested in the Option
Shares.

2

 

          (b) Death of Optionee. In the event of the death of the Optionee while in Service or
within 90-days following the termination of Optionee’s Service, this Option may be exercised at any
time within 12 months following the date of death by Optionee’s estate or by a person who acquired
the right to exercise this Option by bequest, inheritance or effective beneficiary designation, but
only to the extent Optionee is vested in the Option Shares.

          (c) Termination for Cause. In the event Optionee’s Service is terminated for “Cause”
(as defined below), this Option shall terminate immediately upon such termination for Cause. In
the event Optionee’s service is suspended pending investigation of whether such relationship shall
be terminated for Cause, all Optionee’s rights under this Option, including the right to exercise
this Option, shall be suspended during the investigation period. For purposes of this Option,
Cause means Optionee’s: (i) willful failure to perform his or her duties and responsibilities to
the Company or material violation of a written Company policy; (ii) commission of any act of fraud,
embezzlement, dishonesty or any other willful misconduct that has caused or is reasonably expected
to result in material injury to the Company; (iii) unauthorized use or disclosure of any
proprietary information or trade secrets of the Company or any other party to whom the Optionee
owes an obligation of nondisclosure as a result of his or her relationship with the Company; (iv)
willful breach of any of his or her obligations under any written agreement or covenant with the
Company; (v) nonpayment of an obligation to the Company; (vi) breach of fiduciary duty or
deliberate disregard of Company rules resulting in loss, damage or injury to the Company; (vii)
conduct constituting unfair competition; (viii) conduct which induces any Company customer to
breach a contract with the Company; and (ix) conduct which induces any principal for whom the
Company acts as agent to terminate such agency relationship. The determination as to whether an
Optionee is being terminated for Cause shall be made in good faith by the Board (excluding the
Optionee). Optionee shall be given an opportunity to appear and present evidence on Optionee’s
behalf at a hearing before the Board or a committee of the Board. The Board’s, or such
committee’s, decision shall be conclusive and binding on the Optionee. The foregoing definition
does not in any way limit the Company’s ability to terminate an Optionee’s Service at any time as
provided in Section 12(a) of the Plan, and the term “Company” will be interpreted to include any
Subsidiary, Parent, Affiliate, or any successor thereto, if appropriate.

     5. Non-Transferability of Option. This Option may not be transferred in any manner
otherwise than by will or by the laws of descent or distribution or pursuant to a domestic
relations order. The designation of a beneficiary does not constitute a transfer. This Option may
be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be
binding upon the executors, administrators, heirs, successors and assigns of Optionee.

     6. No Employment Rights. Optionee understands and agrees that the vesting of Shares
pursuant to the Vesting Schedule is earned only by continuing Service at the will of the Company
(or any Parent, Subsidiary, or Affiliate) and not through the act of being hired, being granted
this Option or acquiring Shares under this Agreement. Optionee further acknowledges and agrees
that nothing in this Agreement, nor in the Plan which is incorporated in this Agreement by
reference, shall confer upon Optionee any right with respect to continuation as an Employee,
Consultant or Director with the Company (or any Parent, Subsidiary, or Affiliate), nor shall it
interfere in any way with his or her right or the Company’s (or any Parent’s,

3

 

Subsidiary’s, or Affiliate’s) right to terminate his or her employment, consulting or director
relationship at any time, with or without cause.

     7. Effect of Agreement. Optionee acknowledges receipt of a copy of the Plan and
represents that he or she is familiar with the terms and provisions thereof (and has had an
opportunity to consult counsel regarding the Option terms), and hereby accepts this Option and
agrees to be bound by its contractual terms as set forth herein and in the Plan. Optionee hereby
agrees to accept as binding, conclusive and final all decisions and interpretations of the
Committee regarding any questions relating to this Option. In the event of a conflict between the
terms and provisions of the Plan and the terms and provisions of the Notice and this Agreement, the
Plan terms and provisions shall prevail.

     8. Miscellaneous.

          (a) Governing Law. This Agreement and all acts and transactions pursuant hereto and
the rights and obligations of the parties hereto shall be governed, construed and interpreted in
accordance with the laws of the State of California, without giving effect to principles of
conflicts of law.

          (b) Arbitration. Any dispute, controversy or claim arising out of or relating to this
Agreement, or the breach, termination or invalidity thereof, shall be settled by arbitration in
accordance with the UNCITRAL Arbitration Rules as at present in force and as may be amended by the
rest of this clause. The appointing authority shall be the Hong Kong International Arbitration
Centre (“HKIAC”). The place of arbitration shall be in Hong Kong at the HKIAC. There
shall be three arbitrators. Any such arbitration shall be administered by the HKIAC in accordance
with the HKIAC Procedures for the Administration of International Arbitration in force at the date
of this contract. The language to be used in the arbitral proceedings shall be English.

          (c) Entire Agreement; Enforcement of Rights. This Agreement, together with the Notice
and the Plan, sets forth the entire agreement and understanding of the parties relating to the
subject matter herein and therein and merges all prior discussions between the parties. Except as
contemplated under the Plan, no modification of or amendment to this Agreement, nor any waiver of
any rights under this Agreement, shall be effective unless in writing signed by the parties to this
Agreement. The failure by either party to enforce any rights under this Agreement shall not be
construed as a waiver of any rights of such party.

          (d) Severability. If one or more provisions of this Agreement are held to be
unenforceable under Applicable Law, the parties agree to renegotiate such provision in good
faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement
for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance
of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance
of this Agreement shall be enforceable in accordance with its terms.

          (e) Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be deemed sufficient when delivered personally or sent by telegram or fax or 48 hours
after being deposited in the mail, as certified or registered mail, with postage prepaid, and

4

 

addressed to the Company at its principal corporate offices and to Optionee at the address
maintained for Optionee in the Company’s records.

          (f) Successors and Assigns. The rights and benefits of this Agreement shall inure to
the benefit of, and be enforceable by the Company’s successors and assigns. The rights and
obligations of Optionee under this Agreement may not be assigned without the prior written consent
of the Company.

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}]]