Document:

Exhibit 10.3

    Back to Form 8-K

    
      

    

    Exhibit
      10.3

    

    WELLCARE
      HEALTH PLANS, INC.

    

    Summary
      of Compensation for Non-Employee Directors

    

    Effective
      for the first fiscal quarter following June 6, 2006, the compensation payable
      to
      the non-employee members of the board of directors of WellCare Health Plans,
      Inc. (the “Company”)
      shall
      be as follows:

    

    
      	·  	
              An
                annual retainer of $27,500, payable quarterly in
                arrears.

            

    

    

    
      	·  	
              The
                chairperson of the audit committee shall receive an additional annual
                retainer of $5,000, payable quarterly in
                arrears.

            

    

    

    
      	·  	
              Each
                non-chair member of the audit committee shall receive an additional
                annual
                retainer of $2,500, payable quarterly in
                arrears.

            

    

    

    
      	·  	
              Each
                director shall be reimbursed for customary expenses for attending
                all
                board of directors, committee and stockholder
                meetings.

            

    

    

    
      	·  	
              Directors
                are also eligible for discretionary grants of equity under the 2004
                Equity
                Incentive Plan (or any other or successor
                plan).Exhibit 10.4

    Back
      to Form 8-K 
      
        

      

    

     

    

     

    

      June
        7,
        2006

      

      

      Heath
        Schiesser

      5416
        Avenue Simone

      Lutz,
        Florida 33558

      

      Dear
        Heath:

       

      On
        behalf
        of Comprehensive Health Management, Inc. (the “Company”), a member of the
        WellCare group of companies, this letter will confirm our offer of continued
        employment with the Company on the following terms:

       

      Position
        and Duties: Your
        new
        position with the Company will be Senior Advisor, reporting to Jeff Potter,
        Vice
        President, Corporate Development. Your transition to this new role is effective
        on June 7, 2006. You will be expected to continue as a full-time employee
        though
        October 16, 2006. After October 16, 2006, your employment status will be
        reduced
        to part-time with your work schedule being mutually agreed upon with the
        Chief
        Executive Officer. 

       

      Location:
        Your
        principal place of employment will be our Tampa, Florida location, but you
        will
        be expected to undertake reasonable business travel, including to other
        locations in which we may operate.

       

      Salary:
        You will
        receive a salary at the annual rate of $24,000, payable bi-weekly one week
        in
        arrears. 

       

      Equity
        Award:
        Subject
        to board approval, you will be granted options to purchase shares of common
        stock of WellCare Health Plans, Inc., valued at $300,000 on the date of grant
        using the Company’s standard valuation practices. This equity grant will vest in
        full on August 1, 2007 and be subject to the terms and conditions of the
        WellCare Health Plans, Inc. 2004 Equity Incentive Plan and our standard policies
        and practices. The form of option agreement is attached hereto as Annex
        1.
        We
        would be glad to answer any questions you may have regarding the terms of
        these
        equity awards.

      

      Benefits:
        You will
        continue to receive health and dental coverage generally offered to our
        associates in accordance with the Company’s applicable plans and policies, as
        may be in effect from time to time. 

      

        Travel
          Reimbursement:
          We will
          reimburse all reasonable travel expenses incurred in connection with the
          Company’s business, up to a maximum of $65,000 during the course of your
          continuing employment. 

        

        Indemnification:
          The
          Company shall continue to indemnify you to the fullest extent permitted
          under
          the Amended and Restated Certificate of Incorporation of WellCare Health
          Plans,
          Inc. and applicable law. 

        

        Other
          Agreements: This
          offer letter is contingent upon your signing of a Restrictive Covenant
          Agreement
          and standard Confidentiality Agreement, copies of which are attached hereto
          as
Annex
          2
          and
Annex
          3,
          respectively. Provided you comply with the terms of these agreements, you
          will
          receive a lump-sum payment of $250,000 promptly upon expiration of the
          Non-Competition Period (as defined in the Restrictive Covenant Agreement).
          

        

        Prior
          Agreements:
          This
          offer letter sets forth the entire agreement between us and supersedes
          any prior
          communications, agreements and understandings, written or oral, with respect
          to
          the terms and conditions of your employment, including, without limitation,
          that
          certain Amended and Restated Employment Agreement dated June 28, 2004,
          which is
          hereby terminated as a “voluntary resignation” as such term is defined therein.
          For the avoidance of doubt, all of your existing equity agreements shall
          continue in full force and effect pursuant to their respective terms.

        

        You
          should be aware that your employment with the Company is for no specific
          period
          of time. As a result, either you or the Company are free to terminate our
          employment relationship at any time for any reason, with or without cause.
          Although your job duties, title, compensation and benefits, as well as
          the
          Company’s personnel policies and procedures may change from time to time, the
“at-will” nature of your employment may only be changed in a written agreement
          signed by you and the President of the Company. 

        

        

        *
          * * *
          *

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        To
          accept
          this offer, please sign this letter and return it to my attention. This
          offer,
          if not accepted, will expire on June 8, 2006. If you have any questions
          concerning the terms of this offer, please call me at (813)
          290-6316.

        

        Sincerely,

        

               
          /s/ Todd S. Farha        

        Todd
          S.
          Farha,

        President
          and Chief Executive Officer

        

        

        I
          have
          read and agreed to this employment offer.

         

         

        
          	     /s/ Heath
                  Schiesser       	   
                  6/7/06   
	 Heath Schiesser	  Date

        

        

        

               

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

     

     

    
      WELLCARE
        HEALTH PLANS, INC.

      2004
        EQUITY INCENTIVE PLAN

      

      NON-QUALIFIED
        STOCK OPTION AGREEMENT

      FOR

      HEATH
        SCHIESSER

       

      Agreement

       

      1.  Grant
        of Option.
        WellCare Health Plans, Inc. (the “Company”) hereby grants, as of June 8, 2006,
        to Heath Schiesser (the
        “Optionee”) an option (the “Option”) to purchase up to 28,600 shares of the
        Company’s Common Stock, $0.01 par value per share (the “Shares”), at an exercise
        price per share equal to $48.50 (the “Option Price”). The Option shall be
        subject to the terms and conditions set forth herein. The Option was issued
        pursuant to the Company’s 2004 Equity Incentive Plan (the “Plan”), which is
        incorporated herein for all purposes. The Option is a Non-Qualified Stock
        Option, and not an Incentive Stock Option. The Optionee hereby acknowledges
        receipt of a copy of the Plan and agrees to be bound by all of the terms
        and
        conditions hereof and thereof and all applicable laws and
        regulations.

       

      2.  Definitions.
        Unless
        otherwise provided herein, terms used herein that are defined in the Plan
        and
        not defined herein shall have the meanings attributed thereto in the
        Plan.

       

      3.  Exercise
        Schedule.
        Except
        as otherwise provided in Sections 6 and 7 of this Agreement, or in the Plan,
        the
        Option is exercisable in installments as provided below, which shall be
        cumulative. To the extent that the Option has become exercisable with respect
        to
        a percentage of Shares as provided below, the Option may thereafter be exercised
        by the Optionee, in whole or in part, at any time or from time to time prior
        to
        the expiration of the Option as provided herein. The following table indicates
        each date (the “Vesting Date”) upon which the Optionee shall be entitled to
        exercise the Option with respect to the percentage of Shares granted as
        indicated beside the date, provided that the Optionee’s employment or service
        with the Company and its Subsidiaries during the period beginning on June
        8,
        2006 (the “Vesting Commencement Date”) continues through and on the applicable
        Vesting Date: 

       

      
        	 	 Percentage of
                Shares   	 Vesting
                Date

        	 	
                100%

              	
                August
                  1, 2007

              

      

       

      Notwithstanding
        anything contained herein to the contrary, once the Option has vested and
        become
        exercisable with respect to 100% of the Shares, then the Option shall be
        fully
        vested and the provisions of the preceding sentence shall cease to
        apply.

       

      Except
        as
        otherwise specifically provided herein, there shall be no proportionate or
        partial vesting in the periods prior to each Vesting Date, and all vesting
        shall
        occur only on the appropriate Vesting Date. Upon the termination of the
        Optionee’s employment or service with the Company and its Subsidiaries, any
        unvested portion of the Option shall terminate and be null and
        void.

       

      4.  Method
        of Exercise.
        The
        vested portion of this Option shall be exercisable in whole or in part in
        accordance with the exercise schedule set forth in Section 3
        hereof
        by written notice which shall state the election to exercise the Option,
        the
        number of Shares in respect of which the Option is being exercised (which
        number
        must be a whole number), 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 the Optionee and shall be delivered in person or by certified mail
        to
        the Secretary of the Company. The written notice shall be accompanied by
        payment
        of the Option Price. This Option shall be deemed to be exercised after both
        (a)
        receipt by the Company of such written notice accompanied by the Option Price
        and (b) arrangements that are satisfactory to the Committee in its sole
        discretion have been made for Optionee’s payment to the Company of the amount,
        if any, that is necessary to be withheld in accordance with applicable Federal
        or state withholding requirements. No Shares will be issued pursuant to the
        Option unless and until such issuance and such exercise shall comply with
        all
        relevant provisions of applicable law, including the requirements of any
        stock
        exchange upon which the Shares then may be traded.

       

      5.  Method
        of Payment.
        Payment
        of the Option Price shall be by any of the following, or a combination thereof,
        at the election of the Optionee: (a) in cash (including check, bank draft,
        money
        order or wire transfer of immediately available funds), (b) by delivery of
        outstanding shares of Common Stock with a Fair Market Value on the date of
        exercise equal to the aggregate exercise price payable with respect to the
        Options’ exercise, (c) by simultaneous sale through a broker reasonably
        acceptable to the Committee of Shares acquired on exercise, as permitted
        under
        Regulation T of the Federal Reserve Board, (d) by authorizing the Company
        to
        withhold from issuance a number of Shares issuable upon exercise of the Option
        which, when multiplied by the Fair Market Value of a share of Common Stock
        on
        the date of exercise, is equal to the Option Price payable with respect to
        the
        portion of the Option being exercised or (e) by any combination of the
        foregoing. 

       

      In
        the
        event the Optionee elects to pay the Option Price pursuant to clause (b)
        above,
        (i) only a whole number of share(s) of Common Stock (and not fractional shares
        of Common Stock) may be tendered in payment, (ii) the Optionee must present
        evidence acceptable to the Company that the Optionee has owned any such shares
        of Common Stock tendered in payment of the Option Price (and that such tendered
        shares of Common Stock have not been subject to any substantial risk of
        forfeiture) for at least six months prior to the date of exercise, and (iii)
        Common Stock must be delivered to the Company. Delivery for this purpose
        may, at
        the election of the Optionee, be made either by (A) physical delivery of
        the
        certificate(s) for all such shares of Common Stock tendered in payment of
        the
        Option Price, accompanied by duly executed instruments of transfer in a form
        acceptable to the Company, or (B) direction to the Optionee’s broker to
        transfer, by book entry, such shares of Common Stock from a brokerage account
        of
        the Optionee to a brokerage account specified by the Company. When payment
        of
        the Option Price is made by delivery of Common Stock, the difference, if
        any,
        between the Option Price payable with respect to the portion of the Option
        being
        exercised and the Fair Market Value of the shares of Common Stock tendered
        in
        payment (plus any applicable taxes) shall be paid in cash. The Optionee may
        not
        tender shares of Common Stock having a Fair Market Value exceeding the Option
        Price payable with respect to the portion of the Option being exercised (plus
        any applicable taxes). 

       

      In
        the
        event the Optionee elects to pay the Option Price pursuant to clause (d)
        above,
        (i) only a whole number of Share(s) (and not fractional Shares) may be withheld
        in payment and (ii) the Optionee must present evidence acceptable to the
        Company
        that the Optionee has owned a number of shares of Common Stock at least equal
        to
        the number of Shares to be withheld in payment of the Option Price (and that
        such owned shares of Common Stock have not been subject to any substantial
        risk
        of forfeiture) for at least six months prior to the date of exercise. When
        payment of the Option Price is made by withholding of Shares, the difference,
        if
        any, between the Option Price payable with respect to the portion of the
        Option
        being exercised and the Fair Market Value of the Shares withheld in payment
        (plus any applicable taxes) shall be paid in cash. The Optionee may not
        authorize the withholding of Shares having a Fair Market Value exceeding
        the
        Option Price payable with respect to the portion of the Option being exercised
        (plus any applicable taxes). Any withheld Shares shall no longer be issuable
        under the Option.

       

      6.  Termination
        of Optionee’s
        Service.
        

       

      (a) Death
        or Disability.
        If the
        Optionee ceases to be a director, officer or employee of, or to perform other
        services for, the Company or any Subsidiary due to the Optionee’s death or
        Disability, the portion of the Option that was exercisable on the date of
        such
        cessation shall remain so for a period of 180 days from the date of such
        death
        or Disability, but in no event after the expiration date provided in Section
        7(a) below; provided that the Option shall immediately terminate and become
        null
        and void in the event that the Optionee engages in Competition during such
        180
        day period, unless the Optionee has received written consent to do so from
        the
        Company. 

       

      (b) Retirement.
        If the
        Optionee ceases to be a director, officer or employee of, or to perform other
        services for, the Company or any Subsidiary due to the Optionee’s Retirement,
        the portion of the Option that was exercisable on the date of such cessation
        shall remain so for a period of 90 days from the date of such Retirement,
        but in
        no event after the expiration date provided in Section 7(a) below; provided
        that
        the Option shall immediately terminate and become null and void in the event
        that the Optionee engages in Competition during such 90 day period, unless
        the
        Optionee has received written consent to do so from the Company. 

       

      (c) Termination
        for Cause.
        If the
        Optionee’s employment or service as a director, officer or employee of, or other
        performance of services for, the Company or any Subsidiary is terminated
        for
        Cause, the Option shall expire and be forfeited immediately upon such
        termination, whether or not then exercisable.

       

      (d) Other
        Termination of Service.
        If the
        Optionee ceases to be a director, officer or employee of, or to perform other
        services for, the Company or any Subsidiary for any reason other than death,
        Disability, Retirement or Cause, the portion of the Option that was exercisable
        on the date of such cessation shall remain so for a period of 90 days after
        the
        date of such cessation, but in no event after the expiration date provided
        in
        Section 7(a) below; provided that the Option shall immediately terminate
        in the
        event that the Optionee engages in Competition during such 90 day period,
        unless
        the Optionee has received written consent to do so from the
        Company.

       

      (e) Termination
        of Service Following a Change in Control.
        Notwithstanding the foregoing, if the Optionee ceases to be a director, officer
        or employee of, or to perform other services for, the Company or any Subsidiary,
        and the Optionee’s service was terminated (i) by the Company without Cause, (ii)
        by reason of the Optionee’s death, Disability, or Retirement, or (iii) by the
        Optionee for Good Reason, within twelve months after there is a Change in
        Control of the Company, as defined in Section 2(c) of the Plan, then the
        Option
        shall be immediately fully exercisable and shall remain so for the applicable
        period following the Optionee’s termination of service, as described in this
        Section 6. 

       

      (f) Termination
        Without Cause.
        Notwithstanding anything to the contrary herein, if the Optionee is terminated
        by the Company without Cause prior to August 1, 2007, then the Option shall
        be
        immediately fully exercisable and shall remain so for a period of 90 days
        after
        the date of such cessation, but in no event after the expiration date provided
        in Section 7(a) below; provided that the Option shall immediately terminate
        in
        the event that the Optionee engages in Competition during such 90 day period,
        unless the Optionee has received written consent to do so from the
        Company.

       

      7.  Other
        Termination of Option.
        

       

      (a)  Expiration
        of Option.
        Notwithstanding anything to the contrary, any unexercised portion of the
        Option
        shall automatically and without notice terminate and become null and void
        on the
        seventh anniversary of the date as of which the Option is granted. 

       

      (b)
         Cancellation
        by the Committee.
        Notwithstanding anything to the contrary, in connection with any transaction
        of
        the type specified by clause (iii) of the definition of a Change in Control
        in
        Section 2(c) of the Plan, the Committee may, in its discretion, (i) cancel
        the
        Option in consideration for payment to the Optionee of an amount equal to
        the
        portion of the consideration that would have been payable to the Optionee
        pursuant to such transaction if the Option had been fully exercised immediately
        prior to such transaction, less the aggregate Option Price that would have
        been
        payable therefor, or (ii) if the amount that would have been payable to the
        Optionee pursuant to such transaction if the Option had been fully exercised
        immediately prior thereto would be equal to or less than the aggregate Option
        Price that would have been payable therefor, cancel the Option for no
        consideration or payment of any kind. Payment of any amount payable pursuant
        to
        the preceding sentence may be made in cash or, in the event that the
        consideration to be received in such transaction includes securities or other
        property, in cash and/or securities or other property in the Committee’s
        discretion.

       

      (c) Corporate
        Transactions.
        Notwithstanding anything to the contrary, to the extent not previously
        exercised, the Option shall terminate immediately in the event of the
        liquidation or dissolution of the Company. 

       

      8.  Transferability.
        Unless
        otherwise determined by the Committee, the Option granted hereby is not
        transferable otherwise than by will or under the applicable laws of descent
        and
        distribution, and during the lifetime of the Optionee the Option shall be
        exercisable only by the Optionee, or the Optionee’s guardian or legal
        representative. In addition, the Option shall not be assigned, negotiated,
        pledged or hypothecated in any way (whether by operation of law or otherwise),
        and the Option shall not be subject to execution, attachment or similar process.
        Upon any attempt to transfer, assign, negotiate, pledge or hypothecate the
        Option, or in the event of any levy upon the Option by reason of any execution,
        attachment or similar process contrary to the provisions hereof, the Option
        shall immediately become null and void. The terms of this Option shall be
        binding upon the executors, administrators, heirs, successors and assigns
        of the
        Optionee. The terms of this Option shall be binding upon the executors,
        administrators, heirs, successors and assigns of the Optionee.

       

      9.  No
        Rights of Stockholders.
        Neither
        the Optionee nor any personal representative (or beneficiary) shall be, or
        shall
        have any of the rights and privileges of, a stockholder of the Company with
        respect to any shares of Stock purchasable or issuable upon the exercise
        of the
        Option, in whole or in part, prior to the date of exercise of the
        Option.

       

      10.  No
        Right to Continued Employment or Service.
        Neither
        the Option nor this Agreement shall confer upon the Optionee any right to
        continued employment or service with the Company.

       

      11.  Law
        Governing.
        This
        Agreement shall be governed in accordance with and governed by the internal
        laws
        of the State of Delaware.

       

      12.  Interpretation
        / Provisions of Plan Control.
        This
        Agreement is subject to all the terms, conditions and provisions of the Plan,
        including, without limitation, the amendment provisions thereof, and to such
        rules, regulations and interpretations relating to the Plan adopted by the
        Committee as may be in effect from time to time. If and to the extent that
        this
        Agreement conflicts or is inconsistent with the terms, conditions and provisions
        of the Plan, the Plan shall control, and this Agreement shall be deemed to
        be
        modified accordingly. The Optionee accepts the Option subject to all the
        terms
        and provisions of the Plan and this Agreement. The undersigned Optionee hereby
        accepts as binding, conclusive and final all decisions or interpretations
        of the
        Committee upon any questions arising under the Plan and this
        Agreement.

       

      13.  Notices.
        Any
        notice under this Agreement shall be in writing and shall be deemed to have
        been
        duly given when delivered personally or when deposited in the United States
        mail, registered, postage prepaid, and addressed, in the case of the Company,
        to
        the Company’s Secretary at:

       

      8735
        Henderson Road

      Renaissance
        Two

      Tampa,
        FL
        33634

      

      or
        if the
        Company should move its principal office, to such principal office, and,
        in the
        case of the Optionee, to the Optionee’s last permanent address as shown on the
        Company’s records, subject to the right of either party to designate some other
        address at any time hereafter in a notice satisfying the requirements of
        this
        Section.

       

      14.  Tax
        Consequences.
        Set
        forth below is a brief summary as of the date of this Option of some of the
        federal tax consequences of exercise of this Option and disposition of the
        Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS
        ARE SUBJECT TO CHANGE. THE OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE
        EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

       

      (a) The
        Optionee will not recognize any income on receipt of the Option. 

       

      (b) The
        Optionee will recognize ordinary income at the time he exercises the Option
        equal to the amount by which the Fair Market Value of the Shares on the date
        of
        exercise exceeds the Option Price paid for the Shares. The amount so recognized
        is subject to federal withholding and employment taxes if the Optionee is
        an
        employee.

       

      (c) The
        Optionee’s tax basis for the Shares received as a result of the exercise of the
        Option will be equal to the Fair Market Value of those Shares on the date
        of the
        exercise.

       

      (d) Upon
        the
        sale of the Shares, the Optionee will recognize a capital gain or loss on
        the
        difference between the amount realized from the sale of the Shares and the
        Fair
        Market Value on the date of exercise. The gain or loss would be short- or
        long-term depending upon whether the Shares were held for at least one year
        after the date of exercise of the Option.

       

      

       

      *
        * * *
        *

       

      
        
          2

           

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the undersigned have executed this Agreement as of the
        8th
        day of
        June, 2006.

       

      
        	
                COMPANY:

              
	
                WELLCARE
                  HEALTH PLANS, INC.

              
	
                By:/s/
                  Todd S.
                  Farha                     
                   

              
	
                Name:
                  Todd S. Farha

              
	
                Title:
                  President and Chief Executive
                  Officer

              

      

      
 

      Optionee
        acknowledges receipt of a copy of the Plan and represents that he or she
        is
        familiar with the terms and provisions thereof, and hereby accepts this Option
        subject to all of the terms and provisions thereof. Optionee has reviewed
        the
        Plan and this Option in their entirety, has had an opportunity to obtain
        the
        advice of counsel prior to executing this Option, and fully understands all
        provisions of the Option.

       

      

       

      
        	
                Dated:
                  June 8, 2006

              	
                OPTIONEE:

              
	 	
                  
                  /s/ Heath Schiesser    

                Heath
                  Schiesser

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    

      RESTRICTIVE
        COVENANT AGREEMENT

      

      In
        consideration for, and as a condition precedent to, an offer of employment
        from,
        or continuing employment with, Comprehensive Health Management, Inc. or any
        of
        its subsidiaries or affiliates, including without limitation WellCare Health
        Plans, Inc. (“WCG”),
        WellCare of Florida, Inc., HealthEase of Florida, Inc., WellCare of New York,
        Inc., WellCare of Connecticut, Inc., WellCare of Louisiana, Inc., Harmony
        Health
        Plan of Illinois, Inc., WellCare of Georgia, Inc., WellCare of Ohio, Inc.,
        Harmony Behavioral Health, Inc., WellCare Prescription Insurance, Inc., WellCare
        Pharmacy Benefits Management, Inc. and WellCare Insurance Agency, Inc.
        (hereinafter, the “Company
        Group”),
        and
        the issuance of certain options to purchase shares of common stock, par value
        $0.01 per share, of WCG, which I acknowledge and agree constitutes full and
        valid consideration, I hereby agree as follows:

       

      1. Non-Competition;
        Non-Solicitation.
        

       

      (a) For
        so
        long as I remain employed by the Company Group and for a period of one year
        thereafter (the “Non-Competition
        Period”),
        I
        will not, directly or indirectly, alone or as a partner, officer, director,
        employee, consultant, agent, independent contractor or stockholder (other
        than
        as provided below) accept employment with, or otherwise provide any services
        on
        behalf of any entity (or any affiliate, subsidiary, division or other business
        unit of such entity) that provides managed care programs and/or services
        to
        individuals receiving benefits under any Medicare, Medicaid or S-CHIP government
        programs, including any prescription drug programs, within any state in which
        the Company Group is doing business at the time I cease to be employed by
        the
        Company Group. Notwithstanding the foregoing, I shall not be prohibited during
        the Non-Competition Period from acting as a passive investor where I own
        not
        more than two percent of the issued and outstanding capital stock of any
        publicly-held company.

       

      (b) During
        the Non-Competition Period, I shall not, without the prior written consent
        of
        the Company Group, recruit, hire or solicit any employee or former employee
        (defined as any individual employed by the Company Group within six months
        of
        such solicitation, recruitment or offer of employment) of the Company Group
        or
        otherwise encourage any employee of any member of the Company Group to leave
        his
        or her employment with such entity.

       

      (c) During
        the Non-Competition Period, I shall not solicit, attempt to compete for,
        or
        otherwise interfere in any way with the Company Group’s relationships with its
        employees, regulators, customers, providers, members or independent
        contractors.

       

      2. Nondisparagement;
        No Communication Regarding the Company Group.
        I shall
        not, during the Non-Competition Period, talk about or otherwise communicate
        to
        any third parties in a malicious, disparaging, or defamatory manner regarding
        the Company Group. I shall not make or authorize to be made any written or
        oral
        statement that may disparage or damage the reputation of the Company Group
        or
        its past or present employees, officers or other representatives. 

       

      3. Provisions
        Necessary and Reasonable.
        I
        acknowledge and agree that (a) the area of the business of the Company Group
        is
        national in scope; (b) the provisions of Sections 1 and 2 above are necessary
        and reasonable to protect the Company Group’s trade secrets, its existing and
        prospective business relationships, goodwill and other legitimate business
        interests; (c) in the event of any breach of any of the covenants set forth
        herein, the Company Group would suffer substantial irreparable harm and would
        not have an adequate remedy at law for such breach; and (d) enforcement of
        the
        covenants set forth herein will not cause me to suffer substantial harm and
        that
        my skills, experience and abilities are transferable to other industries
        in
        which I anticipate being able to find employment during the Non-Competition
        Period. 

       

      4. Acknowledgment.
        I
        acknowledge and agree that I am employed at-will and further agree that nothing
        contained herein will entitle me to remain in the employment of the Company
        Group or affect the right of the Company Group to terminate my employment
        at any
        time for any reason. The Company acknowledges and agrees that, during all
        periods of my part-time employment with the Company, I will be free to accept
        alternative employment with others so long as such alternative employment
        does
        not (a) violate the terms of this Restrictive Covenant Agreement, including
        the
        provisions of Section 1 and 2 above or (b) otherwise conflict with my employment
        commitments and obligations to the Company Group. 

       

      5. Miscellaneous.
        (a)
        Should any provision of this Restrictive Covenant Agreement be declared or
        determined by any court to be illegal or invalid, the validity of the remaining
        provisions shall not be affected. (b) This Restrictive Covenant Agreement
        shall
        inure to the benefit of, and be enforceable by the Company Group and its
        successors and assigns. (c) This Restrictive Covenant Agreement is made and
        entered into in the State of Florida, and shall in all respects be interpreted
        and enforced under the internal laws of the State of Florida. I expressly
        agree
        that any action sought to enforce this Restrictive Covenant Agreement will
        be
        brought in the state or federal courts in Hillsborough County, Florida, and
        I
        expressly consent to the jurisdiction and venue of those courts for enforcement
        or interpretation of this Restrictive Covenant Agreement. (d) This Restrictive
        Covenant Agreement constitutes the entire agreement with respect to the subject
        matter hereof and this Restrictive Covenant Agreement shall supersede any
        prior
        written or oral agreements, understandings, or arrangements between the parties
        regarding any of the items addressed in the sections above. Any modifications
        to
        this Restrictive Covenant Agreement must be done in writing and signed by
        me and
        the Company Group. 

      

      *
        * * *
        *

      

      I
        hereby
        certify that I have read this Restrictive Covenant Agreement in its entirety
        and
        voluntarily executed it, as of the date written below.

       

      
        	 /s/
                Heath Schiesser       
	 Name:
                Heath Schiesser
	 Date:
                June 8, 2006

      

       

      
        
          

        

      

      
      

       

      
        

        

        CONFIDENTIALITY
          AGREEMENT

        

        

        

        

        As
          a
          condition of my employment with Comprehensive Health Management, Inc.,
          (the
“Company”), I will not at any time during the term of my employment or after
          termination, directly or indirectly divulge, furnish, use, publish, or
          make
          accessible to any person or entity any confidential information (as defined
          herein and in subsequent policies and procedures of the Company), memos,
          letters, records, reports, privileged member medical records or personal
          information (i.e., social security numbers, age, gender, health data),
          schedules
          or other information prepared or which may come into my possession in the
          conduct of my job. Such data will remain the property of the Company and
          I will
          not retain or remove any copies for any purpose other than the conduct
          of the
          business of the Company. 

        

        In
          addition, upon termination of my employment, I will return all Company
          materials
          including, but not limited to, all printed material, all computer produced
          data
          either on disk or CD, letters, memos, brochures, schedules, and other Company
          property in an orderly manner.

        

        The
          term
“confidential information” means business, medical or personal information
          disclosed to me or known, learned, created or observed by me as a consequence
          of
          or through the conduct of my job at the Company. This includes but is not
          limited to computer data, manuals, printed materials, policies and procedures,
          financial information, member lists, provider personal data, provider lists,
          client lists, claims, member medical and personal information, personnel
          information and/or other information that I may use or be privy to during
          the
          tenure of my employment.

        

        I
          recognize the sensitive nature of confidential information and agree to
          protect
          the interest of the Company and its members at all times. My actions will
          be
          consistent with the company-wide policy addressing confidentiality.

        

        

        
          	
                  /s/
                    Heath Schiesser    

                	
                  6/7/06 

                
	
                  Heath
                    Schiesser

                	
                  Date

                

        

        

        

        

        This
          signed confidentiality agreement will be placed in the associate’s personnel
          file.

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