Document:

Summary of Board of Director Compensation

 EXHIBIT 10.24 
  
 Summary of Board of Director Compensation 
  
 On February 7, 2005, the board of directors (the “board”) of Centene Corporation (the
“Corporation”) adopted a compensation arrangement for directors who are not employees of the Corporation (the “Outside Directors”), effective as of the date of the Corporation’s 2005 Annual Meeting of Stockholders. The
compensation arrangement provides for the following: 
  
 (i) a
quarterly retainer fee of $18,750 for each Outside Director, all of which amount shall be eligible, at the election of such Outside Director, for payment pursuant to the Corporation’s Non-Employee Directors Deferred Stock Compensation Plan;

  
 (ii) an additional quarterly retainer fee of $2,500 for the
Chairman of the Audit Committee of the board, all of which amount shall be eligible, at the election of such Outside Director, for payment pursuant to the Corporation’s Non-Employee Directors Deferred Stock Compensation Plan; 
  
 (iii) an additional quarterly retainer fee of $1,250 for the Chairman of the
Compensation Committee or Nominating and Governance Committee (or any successor committee to either of such committees) of the board, all of which amount shall be eligible, at the election of such Outside Director, for payment pursuant to the
Corporation’s Non-Employee Directors Deferred Stock Compensation Plan; and 
  
 (iv) a grant of restricted shares of common stock to each Outside Director, which (a) shall be granted as of the date of each of the Corporation’s Annual Meeting of Stockholders, beginning in 2005,
(b) shall be granted in a number equal to $75,000 divided by the last reported sale price of the common stock of the Corporation on the New York Stock Exchange on the trading day immediately preceding the grant date, rounded to the nearest
whole number, and (c) shall vest in full as of the immediately succeeding Annual Meeting of Stockholders, provided that, with respect to such grant as of any such Annual Meeting, the Compensation Committee of the board may determine that
the Corporation shall, in lieu of granting such restricted shares as of any such Annual Meeting of Stockholders, grant common stock options, restricted stock units, stock appreciation rights or other equity-based incentives payable in common stock
having a deemed value (as determined by such Committee) of $75,000. 
  
 In addition, the board adopted a policy, effective February 7, 2005, under which the Corporation shall grant each Outside Director who is first elected to the board, as of the date on which such Outside Director is first elected to the
board and without the need for any further action by the board or any committee thereof, a non-qualified stock option under the Corporation’s 2003 Stock Incentive Plan to purchase 10,000 shares of common stock of the Corporation, which option
(i) shall have an exercise price equal to the last reported sale price of the common stock of the Corporation on the New York Stock Exchange on the trading day immediately preceding the grant date and (ii) shall vest in three installments,
with 3,334 shares vesting on the first anniversary of the grant date and an additional 3,333 shares vesting on each of the second and third anniversaries of the grant date. 

 On February 6, 2006 the board amended this policy, effective May 1, 2006, to increase the
quarterly retainer discussed in point (i) above to $25,000, provided that the Outside Director elect 100% payment pursuant to the Corporation’s Non-Employee Directors Deferred Stock Compensation Plan.Summary of Compensatory Arrangements with Executive Officers

 Exhibit 10.25 
  
 Summary of Compensatory Arrangements with Executive Officers 
  
 The compensation committee of the board of directors approved a schedule of
the following fiscal year 2005 performance bonuses and fiscal year 2006 base salaries for each of our named executive officers: 
  

							
	 Name and Principal Position

	  	 2005
 Bonus

	  	 2006
 Base Salary

	 Michael F. Neidorff
Chairman and Chief Executive Officer
	  	$	1,000,000	  	$	950,000
	 Joseph P. Drozda, Jr., M.D.
Executive Vice President, Chief Medical Officer
	  	$	50,000	  	$	395,000
	 James D. Donovan, Jr.
Senior Vice President, Health Plans
	  	$	75,000	  	$	400,000
	 William N. Scheffel
Senior Vice President, Specialty Companies
	  	$	100,000	  	$	425,000
	 Karey L. Witty
Senior Vice President, Chief Financial Office, Secretary and Treasurer
	  	$	100,000	  	$	400,000

  
 The basis for awarding bonuses, if
any, to the executive officers named above shall be determined in accordance with the provisions of their respective employment agreements.Schedule re Change of Control Agreements

 Exhibit 10.2 
 CHANGE OF CONTROL AGREEMENTS 
 C.R. Dwiggins, Jr. 
 Russell N. Fairbanks, Jr. 
 David C. Godwin 
 Steven M.
Helmbrecht 
 Philip E. Mezey 
 Randi L. Neilson 
 Robert D. Neilson 
 LeRoy D. Nosbaum 
 Jemima G. Scarpelli 
 Douglas L. Staker
 Malcolm Unsworth 
 Russell E. Vanos 
 Robert W. WhitneySchedule re Indemnification Agreements

 Exhibit 10.7 
 INDEMNIFICATION AGREEMENTS 
 MariLyn R. Blair 
 Michael B. Bracy 
 Ted C. DeMerritt 
 Deloris R.
Duquette 
 C.R. Dwiggins, Jr. 
 Larry H. Eggleston 
 Jon E. Eliassen 
 Russell N. Fairbanks, Jr. 
 Thomas S. Foley 
 Thomas S. Glanville 
 Steven M. Helmbrecht 
 Chuck McAtee 
 Philip C. Mezey 
 Randi L. Neilson 
 Robert D. Neilson 
 Sharon L. Nelson 
 LeRoy D. Nosbaum 
 Mary Ann Peters 
 Jemima G. Scarpelli f/k/a Brennan 
 Douglas L. Staker 
 Russell E. Vanos 
 Stuart Edward White 
 Robert W. Whitney 
 Graham M. WilsonShareholder Summary Rights to Purchase Preferred Stock

 Exhibit No. 4.1 
  
 EXHIBIT B to Rights Agreement Dated March 14, 2000 
  
 February 20, 2006 Amended and Restated 
  
 SUMMARY OF RIGHTS TO PURCHASE PREFERRED STOCK 
  
 The Board of Directors of Armstrong Holdings, Inc. (the “Company”) declared a distribution of one Right for each
share of Common Stock of the Company distributed to shareholders in connection with the Share Exchange under the Agreement and Plan of Exchange (whereby all Armstrong World Industries, inc. common stock was exchanged for the Company’s Common
Stock) and with respect to each share of Common Stock that may be issued by the Company thereafter and prior to the “Distribution Date” (or the earlier redemption or expiration of the Rights) described below. The Rights are effective as of
their distribution to shareholders. 
  
 Upon the occurrence of
certain events described below, each Right would entitle the registered holder to purchase from the Company a unit consisting of one-hundredth of a share (a “unit”) of Series One Class A Preferred Stock, without par value (the
“Preferred Stock”), at a purchase price of $300 per unit, subject to adjustment (the “Purchase Price”). The Purchase Price must be paid in cash or, if the Company shall in its sole discretion so consent, shares of Common Stock
having a value at the time of exercise equal to the Purchase Price. The description and terms of the Rights are set forth in a Rights Agreement (the “Rights Agreement”) between the Company and the Rights Agent, as it may be amended from
time to time. 
  
 Unless otherwise delayed by an action of the
Board of Directors, the Rights will separate from the Common Stock upon the earlier to occur of (i) 10 days following a public announcement that a person or group of affiliated or associated persons (an “Acquiring Person”) has
acquired, or obtained the right to acquire, beneficial ownership of shares of the Company’s capital stock representing 20% or more of the voting power of all outstanding shares of capital stock of the Company (the date of such announcement
being referred to as the “Stock Acquisition Date”) or such later date as specified by the majority of the Disinterested Directors, or (ii) 10 business days following the commencement of a tender offer or exchange offer that would
result in a person or group beneficially owning outstanding shares of the Company’s capital stock representing 28% or more of the voting power of all outstanding shares of capital stock of the Company, or such later date as specified by the
majority of the Disinterested Directors. 
  
 The term
“Disinterested Directors” means any member of the Board of Directors of the Company who was a member of the Board prior to the time that the Acquiring Person became an Acquiring Person, any person who is subsequently elected to the Board
to fill a vacancy created by an increase in the size of the Board if such person is recommended or approved by a majority of the Disinterested Directors, and any successor of a Disinterested Director if such person is recommended or approved by a
majority of the Disinterested Directors, but shall not include an Acquiring Person, or an affiliate or associate of an Acquiring Person, or any representative of the foregoing entities. 
  
 Until the Distribution Date, (i) the Rights will be evidenced by the Common Stock certificates and will be transferred
only with such Common Stock certificates, (ii) new Common 

 
Stock certificates issued will contain a notation incorporating the Rights Agreement by reference, and (iii) the surrender for transfer of any
certificates for Common Stock will also constitute the transfer of the Rights associated with the Common Stock represented by such certificate. The Rights will be attached to all Common Stock certificates representing shares then outstanding until
the occurrence of a Distribution Date or the earlier redemption or expiration of the Rights. No separate Rights Certificates will be distributed unless and until a Distribution Date occurs. The Rights will expire at the close of business on
the earlier to occur of (1) March 21, 2008 and (2) the date a plan of reorganization in the Chapter 11 case of Armstrong World Industries, Inc. becomes effective, unless extended or earlier redeemed by the Board as described below.

  
 As soon as practicable after a Distribution Date (except as
otherwise provided above), Rights Certificates will be mailed to holders of record of the Common Stock as of the close of business on a Distribution Date and, thereafter, such separate Rights Certificates alone will represent the Rights. 

 
 In the event that, at any time following the Distribution Date,
(i) the Company is the surviving corporation in a merger with an Acquiring Person and its Common Stock is not changed or exchanged, or (ii) a Person becomes the beneficial owner of shares of the Company’s capital stock representing
28% or more of the voting power of all outstanding shares of capital stock of the Company, each holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, cash, property or other
securities of the Company) having a value equal to two times the exercise price of the Right. The exercise price per Right is $300. Notwithstanding any of the foregoing, following the occurrence of any of the events described in item (i) or
(ii) in this paragraph, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person will be null and void. However, the Rights are not exercisable following the
occurrence of either of the events set forth in this paragraph until such time as the Rights are no longer redeemable by the Company as set forth below. 
  
 For example, at an exercise price of $300 per Right, each Right not owned by an Acquiring Person (or by certain related parties) following an event set
forth in the preceding paragraph would entitle its holder to purchase $600 worth of Common Stock (or other consideration, as noted above) for $300. 
  
 In the event that, at any time following the Stock Acquisition Date, (i) the Company is acquired in certain merger or other business combination
transactions (other than a merger described in the second preceding paragraph) or (ii) 50% or more of the Company’s assets or earning power is sold or transferred, each holder of a Right (except Rights which previously have been voided as
set forth above) shall thereafter have the right to receive, upon exercise, common stock of the acquiring company having a value equal to two times the exercise price of the Right. 
  
 The right to purchase Common Stock of the Company or common stock of an Acquiring Person at a discount in the circumstances
described in the preceding paragraphs would not be exercisable if the Right holder has previously exercised the right to purchase Preferred Stock. 
  
 The Purchase Price payable, and the number of Units of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject
to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or 

 
reclassification of, the Preferred Stock, (ii) if holders of the Preferred Stock are granted certain rights or warrants to subscribe for Preferred Stock
or convertible securities at less than the current market price of the Preferred Stock, or (iii) upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of
subscription rights or warrants (other than those referred to above). 
  
 With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments amount to at least 1% of the Purchase Price. No fractional Units will be issued and, in lieu thereof, an adjustment in cash will be
made based on the market price of the Preferred Stock on the last trading date prior to the date of exercise. 
  
 At any time until ten days after the Stock Acquisition Date, the Board of Directors may redeem the Rights in whole, but not in part, at a price of $.05
per Right. The redemption period may be extended by the Company’s Board of Directors at any time prior to the expiration of such period. Under certain circumstances set forth in the Rights Agreement, the decision to redeem shall require the
concurrence of a majority of the Disinterested Directors. After the redemption period has expired, the Company’s right of redemption may be reinstated if an Acquiring Person reduces his beneficial ownership to shares of capital stock of the
Company representing 10% or less of the voting power of all outstanding shares of capital stock of the Company in a transaction or series of transactions not involving the Company. Immediately upon the action of the Board of Directors ordering
redemption of the Rights, with, where required, the concurrence of a majority of the Disinterested Directors, the Rights will terminate and the only right of the holders of Rights will be to receive the $.05 redemption price. 
  
 Until a Right is exercised, the holder thereof, as such, will have no rights
as a shareholder of the Company arising from the Right itself, including, without limitation, the right to vote or to receive dividends. While the initial declaration and distribution of the Rights will not be taxable to the shareholders or the
Company, shareholders may, depending upon the circumstances, recognize taxable income in the event that the Rights become exercisable for Common Stock (or other consideration) of the Company or for common stock of an acquiring company as set forth
above. 
  
 Under the Rights Plan, the Board has broad amendatory
powers. Other than those provisions relating to the principal economic terms of the Rights, any of the provisions of the Rights Agreement may be amended by the Board prior to the Distribution Date. After the Distribution Date, amendments may not
adversely affect Right holders’ interests but any amendment suspending the provisions of the Rights Plan by excluding any acquirer from its benefits shall not be deemed to adversely affect Rights’ holders interests. Under certain
circumstances, an amendment would require the concurrence of the Disinterested Directors. 
  
 The Rights Agreement and its amendment(s) have been filed with the Securities and Exchange Commission. Copies are also available free of charge from the Company. This summary description does not purport to be
complete and is qualified in its entirety by reference to the Rights Agreement, as amended, which is incorporated herein by reference.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00098-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00098-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00098-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00098-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00098-of-00352.parquet"}]]