Document:

Exhibit
10.1

 

AMENDMENT

TO THE

WELLPOINT 401(k) RETIREMENT SAVINGS
PLAN

 

The WellPoint 401(k)
Retirement Savings Plan (the “Plan”), as amended through March 1, 2002 and
subsequently amended, is hereby further amended, as follows:

 

Effective
February 28, 2004, the Plan is amended by the addition of Appendix XVI,
which reads as follows:

 

“Appendix XVI

2004 Profit Sharing and Bonus
Contributions

 

1.01         Profit Sharing
Contribution

 

(a)           Eligibility.              A discretionary
Profit Sharing Contribution shall be made on behalf of each Eligible Employee
(as defined in Section 2.12 of the Plan) who is in the employ of a
Participating Company (as defined in this Section 1.01(a) of this Appendix
XVI) on both December 31, 2003 and February 28, 2004.  Notwithstanding the preceding sentence, for
purposes of this Section 1.01(a) of this Appendix XVI, the term “Eligible
Employee” shall not include (i) a participant for the entire 2003 calendar year
in either the Company’s Management Bonus Plan or Executive Officer Annual
Incentive Plan (or successor plans); (ii) a participant in a profit sharing
plan, program, or arrangement under which cash payments are made to eligible
employees (as defined by such profit sharing plan, program, or arrangement) by
Crossroads Acquisition Corp., d.b.a., Cobalt Corporation (or an affiliated
entity prior to the acquisition by the Company effective as of
September 24, 2003), including, but not limited to, the United Government
Services, LLC 2003 Profit Sharing Plan, the United Government Services, LLC
2003 Medicare and Medicaid Management Incentive Plan, the Claim Management
Services, Inc. Senior Executive or Vice President Incentive Compensation Plan,
Cobalt Corporation/Unity Health Plans Insurance Corporation 2003 Profit Sharing
Plan, and TrustSolutions, LLC 2003 Profit Sharing Plan; (iii) an Eligible
Employee who, as of February 28, 2004, is on a leave of absence in excess
of six (6) months; and (vi) an Employee whose terms of employment are governed
by a collective bargaining agreement except to the extent such agreement
expressly provides for an allocation of any Profit Sharing Contribution (as
such terms are defined by the Plan). 
For purposes of this Section 1.01(a) of this Appendix XVI, the term
“Participating Company” shall mean the following:

 

Blue Cross of California

 

Blue Cross and Blue
Shield of Georgia, Inc.

 

Blue Cross Blue Shield of
Wisconsin

 

 

Claim Management
Services, Inc.

 

Compcare Health Services
Insurance Corporation

 

Comprehensive Integrated
Marketing Services

 

Cost Care, Inc.

 

Crossroads Acquisition
Corp., d.b.a., Cobalt Corporation

 

Golden West Health Plan,
Inc.

 

Greater Georgia Life
Insurance Company

 

Health Core, Inc.

 

HealthLink, Inc.

 

HMO-W, Inc.

 

Hometown Insurance
Services, Inc

 

Meridian Marketing
Services, Inc.

 

Meridian Resource
Company, LLC

 

Precision Rx, Inc.

 

Professional Claim
Services, Inc.

 

RightCHOICE Managed Care,
Inc.

 

TrustSolutions, LLC

 

UNICARE Life & Health
Insurance Company

 

UNICARE Health Plans of
the Midwest

 

United Government
Services, LLC

 

United Healthland Life
Insurance Company

 

United Wisconsin
Insurance Company

 

United Wisconsin
Proservices, Inc.

 

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Unity Health Plans
Insurance Corporation

 

Valley Health Plan, Inc.

 

WellPoint Development
Company, Inc.

 

WellPoint Health Networks
Inc.

 

(b)           Amount.                The Company shall
contribute to the Plan, on behalf of Eligible Employees (as defined in
Section 1.01(a) of this Appendix XVI), five percent (5%) of Compensation
(as defined in this Section 1.01(c) of this Appendix XVI) for the Plan
Year beginning January 1, 2003 and ending December 31, 2003.

 

(c)           Compensation.

 

(1)           For purposes of this
Section 1.01 of this Appendix XVI, Compensation means all regular base
earnings paid by a Participating Company, subject to Section 1.01(c)(3) of
this Appendix XVI.

 

(2)           Compensation also
includes, but is not limited to, the following items, subject to
Section 1.01(c)(3) of this Appendix XVI:

 

(A)          vacation pay;

 

(B)           salary continuance
(other than severance);

 

(C)           Paid Time Off paid by a
Participating Company;

 

(D)          salary deferrals under
the WellPoint Health Networks Inc. Comprehensive Executive Non-Qualified
Retirement Plan;

 

(E)           sales commissions;

 

(F)           overtime;

 

(G)           elective contributions
that are not includible in income under Code Sections 125, 402(e)(3), 402(h),
or 403(b); and

 

(H)          all bonuses (other than
starting bonuses and bonuses paid with respect to the 2002 calendar year during
the 2003 plan year under the Company’s Management Bonus Plan) and incentive
payments (other than Instabucks).

 

(3)           Base earnings does not
include:

 

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(A)          the portion of the
Participant’s regular base earnings taken into account in the calculation of a
bonus payment with respect to the 2003 calendar year under the Company’s
Management Bonus Plan;

 

(B)           severance pay;

 

(C)           imputed income;

 

(D)          moving expenses;

 

(E)           awards (including, but
not limited, Honor, Impact, Recognition, car pool, and general awards); or

 

(F)           payments made under any
group insurance plan.

 

(4)           Compensation shall not
include pay in lieu of Paid Time Off that is unused at a Participant’s
termination of employment.

 

(5)           For purposes of this
Section 1.01(c) of this Appendix XVI, (i) Compensation of Eligible
Employees of Golden West Health Plan, Inc. shall include Compensation received,
if any, from such entity during the period from January 1, 2003 through
June 29, 2003, as well as the period from June 30, 2003 through
December 31, 2003; (ii) Compensation of Eligible Employees of Crossroads Acquisition
Corp., d.b.a., Cobalt Corporation (or an affiliated entity prior to the
acquisition by the Company effective as of September 24, 2003) shall
include Compensation received, if any, from such entities during the period
from January 1, 2003 through September 23, 2003, as well as the
period from September 24, 2003 through December 31, 2003; and (iii)
Compensation of Eligible Employees of Health Core, Inc. shall include
Compensation received, if any, from such entity during the period from
January 1, 2003 through November 9, 2003, as well as the period from
November 10, 2003 through December 31, 2003.

 

(d)           Vesting. The Profit Sharing Contribution
shall be fully vested in accordance with Section 8.01 of the Plan.

 

(e)           Timing of
Contribution.      The Profit
Sharing Contribution will be allocated to the Profit Sharing Accounts of
Eligible Employees (as defined in Section 1.01(a) of this Appendix XVI) as
soon as administratively possible following February 28, 2004.

 

1.02         Bonus Contribution

 

(a)           Eligibility.              A Bonus Contribution
shall be made on behalf of each Eligible Employee (as defined in
Section 2.12 of the Plan) who is in the employ of a Participating Company
(as defined in this Section 1.02(a) of this Appendix XVI) on both

 

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December 31, 2003
and February 28, 2004. 
Notwithstanding the preceding sentence, for purposes of this
Section 1.02(a) of this Appendix XVI, the term “Eligible Employee” shall
not include (i) an Eligible Employee who, as of February 28, 2004, is on a
leave of absence in excess of six (6) months; or (ii) an Employee whose terms
of employment are governed by a collective bargaining agreement that is in
effect as of February 28, 2004, except to the extent such agreement
expressly provides for an allocation of any Bonus Contribution (as such terms
are defined by the Plan).  For purposes
of this Section 1.02 of this Appendix XVI, the term “Participating
Company” shall mean the following:

 

Blue Cross of California

 

Blue Cross and Blue
Shield of Georgia, Inc.

 

Blue Cross Blue Shield of
Wisconsin

 

Claim Management
Services, Inc.

 

Compcare Health Services
Insurance Corporation

 

Comprehensive Integrated
Marketing Services

 

Cost Care, Inc.

 

Crossroads Acquisition
Corp., d.b.a. Cobalt Corporation

 

Golden West Health Plan,
Inc.

 

Greater Georgia Life
Insurance Company

 

Health Core, Inc.

 

HealthLink, Inc.

 

HMO-W, Inc.

 

Hometown Insurance
Services, Inc.

 

Meridian Marketing
Services, Inc.

 

Meridian Resource
Company, LLC

 

Precision Rx, Inc.

 

Professional Claim
Services, Inc.

 

RightCHOICE Managed Care,
Inc.

 

5

 

TrustSolutions, LLC

 

UNICARE Life & Health
Insurance Company

 

UNICARE Health Plans of
the Midwest

 

United Government
Services, LLC

 

United Heartland Life
Insurance Company

 

United Wisconsin
Insurance Company

 

United Wisconsin
Proservices, Inc.

 

Unity Health Plans
Insurance Corporation

 

Valley Health Plan, Inc.

 

WellPoint Development
Company, Inc.

 

WellPoint Health Networks
Inc.

 

(b)           Amount.                The Company shall
contribute to the Plan, on behalf of Eligible Employees (as defined in
Section 1.02(a) of this Appendix XVI) twenty (20) shares of the WellPoint
Common Stock (as defined in Section 2.30 of the Plan).

 

(c)           Vesting. The Bonus Contribution shall be
fully vested in accordance with Section 8.01 of the Plan.

 

(d)           Timing of
Contribution.      The Bonus
Contribution shall be allocated to the Bonus Contribution Accounts of Eligible
Employees (as defined in Section 1.02(a) of this Appendix XVI) as soon as
administratively possible following February 28, 2004.”

 

[remainder of page left blank
intentionally]

 

6

 

IN WITNESS WHEREOF,
WellPoint Health Networks Inc. has caused this Amendment to be executed
effective as of February 28, 2004.

 

 

WELLPOINT HEALTH NETWORKS INC.

 

 

	
  By:

  	
  /s/
  J. Thomas Van Berkem

  	
   

  

 

7Exhibit
10.2

 

AMENDMENT

TO THE

WELLPOINT 401(k) RETIREMENT SAVINGS
PLAN

 

The WellPoint 401(k)
Retirement Savings Plan (the “Plan”), as amended through March 1, 2002 and
subsequently amended, is hereby further amended, as follows:

 

1.             Consistent with prior
amendments adding Golden West Health Plan, Inc. and Health Core, Inc. as
Participating Companies, effective as of June 30, 2003 and January 1,
2004, respectively, Appendix VII is amended, effective January 1, 2004, in
its entirety to read as follows:

 

“The following
entities are Participating Companies in this Plan as of January 1, 2004:

 

Blue Cross of California

 

Blue Cross and Blue
Shield of Georgia, Inc.

 

Blue Cross Blue Shield of
Wisconsin

 

Claim Management
Services, Inc.

 

Compcare Health Services
Insurance Corporation

 

Comprehensive Integrated
Marketing Services

 

Cost Care, Inc.

 

Crossroads Acquisition
Corp., d.b.a. Cobalt Corporation

 

Golden West Health Plan,
Inc.

 

Greater Georgia Life
Insurance Company

 

Health Core, Inc.

 

HealthLink, Inc.

 

HMO-W, Inc.

 

Hometown Insurance
Services, Inc.

 

Meridian Marketing
Services, Inc.

 

 

Meridian Resource
Company, Inc.

 

Precision Rx, Inc.

 

Professional Claim
Services, Inc.

 

RightCHOICE Managed Care,
Inc.

 

TrustSolutions, LLC

 

UNICARE Life & Health
Insurance Company

 

UNICARE Health Plans of
the Midwest

 

United Government
Services, LLC

 

United Heartland Life
Insurance Company

 

United Wisconsin
Insurance Company

 

United Wisconsin
Proservices, Inc.

 

Unity Health Plans
Insurance Corporation

 

Valley Health Plan, Inc.

 

WellPoint Development
Company, Inc.”

 

2.             Effective
April 23, 2004 or as soon as administratively possible thereafter, the
Plan is amended by the addition of Appendix XVII, which reads as follows:

 

“Appendix XVII

Merger of Health Core Inc. 401(k)
Profit Sharing Plan

 

The Health Core
Inc. 401(k) Profit Sharing Plan (“Health Core Plan”) is merged into the Plan
effective as of April 23, 2004 or as soon as administratively possible
thereafter.  Assets and liabilities of
the Health Core Plan, together with the assets and liabilities of this Plan,
constitute a single plan within the meaning of Code Section 414(l) as of
April 23, 2004 (“Plan Merger Date”) or as soon as administratively
possible thereafter.  Unless otherwise
expressly provided herein, the rights and benefits of a participant in the
Health Core Plan who terminated employment with Health Core, Inc. on or prior
to the Plan Merger Date are determined in accordance with the provisions of the
Health Core Plan as in effect prior to the Plan Merger Date.  References in the Plan to “Participant” as
defined in Article II include each individual with an interest in the
Health Core Plan without regard to his or her status as an Employee or former
Employee (each a

 

2

 

“Health Core Participant”
for purposes of this Appendix XVII). 
This Appendix XVII is designed to preserve under the Plan any benefits
that were accrued under the Health Core Plan prior to the Plan Merger Date to
the extent such benefits are protected under Code Section 411(d)(6).  The provisions of the Plan apply to the
benefits of employees and former employees of Health Core, Inc. described in
this Appendix subject to the restrictions applicable to protected benefits
described in the prior sentence and except to the extent modified by the terms
of this Appendix.  In the event of a
conflict, the provisions of this Appendix will control.

 

1.01         Eligibility.  An Employee who was a Participant pursuant
to the terms of the Health Core Plan in effect on December 31, 2003 and
who was actively employed by a Participating Company on January 1, 2004
shall be a Participant in this Plan as of January 1, 2004.

 

1.02         Transfer of Account
Balances.  The account balances of
the Health Core Participants in the Health Core Plan as of the Plan Merger Date
will be transferred to the Plan through a direct transfer from the trust fund
of the Health Core Plan to the Trust Fund for the Plan on the Plan Merger Date
and will be held on behalf of the Health Core Participants.  The account balance maintained for each
Health Core Participant in the Health Core Plan immediately prior to the Plan
Merger Date shall be credited to the Account maintained for such individual
under the Plan immediately after the Plan Merger Date.

 

1.03         Vesting of Matching
Contributions. The “Employer Matching Contribution Account” of a Health
Core Participant who is an Employee of Health Core on December 31, 2003
will be fully vested as of December 31, 2003 to the extent not previously
vested.

 

1.04         Service Crediting.  Service recognized under the Health Core
Plan will not be taken into account for purposes of determining whether a
Health Core Participant is eligible for the Grandfathered Match that was
implemented in 1997.

 

1.05         Health Core
Distribution Options.

 

(a)           General Plan
Provisions.  A Participant may elect
to receive his or her account balance transferred to the Plan under
Section 1.02 in the form of (i) a lump sum payment; (ii) installment
payments over a period not to exceed the life expectancy of the Participant, or
the joint and last survivor life expectancy of the Participant and his or her
designated Beneficiary; or (iii) an annuity contract.  A Participant cannot elect payment of his or her account balance
transferred to the Plan under Section 1.02 in the form of a life annuity
because the Retirement Equity Act safe harbor rules of Section Five, Part
C of the Adoption Agreement for the Plan apply to such account balance.

 

(b)           Distribution on
Disability.  If a Health Core
Participant becomes disabled (as defined under the Health Core Plan as in
effect on April 23,

 

3

 

2004) while an Employee,
he or she may withdraw the portion of his or her Account attributable to
benefits accrued under the Health Core Plan prior to the Plan Merger Date.

 

1.06         Restoration of
Forfeitures.

 

(a)           Forfeiture of
Nonvested Account.  Under the terms
of the Health Core Plan immediately prior to the Plan Merger Date, the
nonvested portion of a Health Core Participant’s account balance (if any) was
forfeited at the earlier of (i) the date the Participant received a
distribution of his or her entire Account balance following his or her
termination of employment; and (ii) the date the Participant completed five (5)
consecutive Breaks in Vesting Service.

 

(b)           Return to Service.  If an individual described in clause (i) of
section (a) above becomes an Employee after the Plan Merger Date but
before incurring five (5) consecutive Breaks in Vesting Service (as determined
under the Health Core Plan), the amount forfeited will be restored (without
earnings) to the individual’s Account under the Plan if the individual pays to
the Plan the full amount of such distribution within five (5) years before the
earlier of (A) five (5) years after the first date on which the Participant
becomes an Employee after the Plan Merger Date, or (B) the date the Participant
incurs five (5) consecutive Breaks in Vesting Service following the date of the
distribution.  If an individual
described in clause (ii) of section (a) above becomes an Employee after
the Plan Merger Date but before incurring five (5) consecutive Breaks in
Vesting Service (as determined under the Health Core Plan), the amount
forfeited will be restored to the individual’s Account under the Plan.

 

(c)           Funds.    Funds for restoring
forfeitures under this Section 1.06 will be drawn from a special
contribution to be made to the Plan by the appropriate Participating Company,
as determined by the Committee.  The
special contribution will not be subject to the limitation under Code
Section 415.”

 

[remainder of page left blank
intentionally]

 

4

 

IN WITNESS WHEREOF,
WellPoint Health Networks Inc. has caused this Amendment to be executed
effective as of April 23, 2004.

 

WELLPOINT HEALTH NETWORKS INC.

 

	
  By:

  	
  /s/
  J. Thomas Van Berkem

  	
   

  

 

5

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