Document:

EX-10.1

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the “Agreement”), dated as of January 16, 2008 (the “Effective
Date”), is by and between JAMES G. CARLSON (the “Executive”) and AMERIGROUP CORPORATION, a Delaware
corporation (the “Company”).

RECITALS

A. Executive has heretofore been active as an executive officer of the Company and has been
integral to the operation of the Company’s business (the “Business”).

B. In order to preserve and promote the conduct of the Business, the Company desires to retain
Executive’s continued services in a new role, as President and Chief Executive Officer, and
Executive agrees to render such services in such position, on the terms and conditions hereinafter
set forth.

NOW THEREFORE, in consideration of the premises, Executive’s continued employment and the
mutual promises contained herein provided, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties
hereto agree as follows:

1. Employment.

(a) General. The Company shall continue to employ Executive on a full-time basis to
perform such duties as may be assigned from time to time by the Company, and Executive agrees to
continue such employment with the Company, on and subject to the terms and conditions herein
provided.

(b) Duties; Reporting. Executive agrees to serve as President and Chief Executive
Officer of the Company. Executive shall at all times report to, and his activities shall at all
times be subject to the direction and control of, the Company’s Board of Directors (the “Board”).
Executive shall devote his full business time, energy, attention and services to the diligent,
faithful and competent discharge of all duties and directions in respect of the business and
affairs of the Company as may from time to time be vested in or reasonably requested of him by the
Board; provided, however, Executive may engage in community, charitable, and educational
activities. Executive shall obtain the prior approval of the Nominating and Governance Committee
of the Board before serving as a director for any for-profit company or enterprise or any
not-for-profit organization.

(c) Place of Performance. Executive shall perform his principal employment duties
hereunder at the offices of the Company in Virginia Beach, Virginia, or at such other location(s)
as the Company may reasonably designate from time to time on a temporary basis. Executive also
shall undertake such travel as is necessary in connection with the performance by Executive of his
duties hereunder.

(d) Director Nomination. For so long as Executive is employed as President and Chief
Executive Officer pursuant to this Agreement, the Board shall designate and nominate Executive as a
director of the Company and, if elected by the stockholders of the Company, Executive shall accept
such position and diligently perform the duties arising from such position.

2. Term. Subject to Section 4 below, the term of Executive’s employment under this
Agreement shall commence on the Effective Date and continue until the third (3rd) anniversary of
the Effective Date, provided, such term shall automatically renew on a year-to-year basis
thereafter until terminated by either party in accordance with Section 4 below.

3. Compensation and Benefits. During the term of Executive’s employment under this
Agreement and subject to Section 4 below, the Company shall pay or provide, as applicable, to
Executive the following:

(a) Base Salary. The Company shall pay Executive a base salary at an annual rate of
Seven Hundred Twenty-Five Thousand Dollars ($725,000) per year (as adjusted pursuant to this
Section 3(a), the “Base Salary”). Annually, beginning March 2008, the Board shall review the Base
Salary and in its discretion determine whether merit-based adjustments are appropriate.

(b) Fringe Benefits. Executive will be entitled to participate on the same basis with
all other management employees of the Company in the Company’s standard benefits package generally
available for senior management, as well as all other officers and employees of the Company,
provided that Executive meets the eligibility criteria established for each such plan (Executive’s
eligibility and benefit level shall be determined separately for each plan and all such
determinations shall be made by the parties charged in the plan with responsibility for such
determinations).

(c) Cash and Equity Incentive Plans. Executive will be entitled to participate in the
Company’s cash and equity incentive compensation plans for senior management, as in effect from
time to time (currently the AMERIGROUP Corporation 2007 Cash Incentive Plan and the AMERIGROUP
Corporation 2005 Equity Incentive Plan), in accordance with the terms and conditions of the plans,
including such opportunities and limitations as may be applicable specifically to Executive’s
position.

(d) Change in Control. Executive will be entitled to participate in the Company’s
programs and policies that are applicable in the event of a change in control of the Company, as in
effect from time (currently the AMERIGROUP Corporation Change in Control Benefit Policy), in
accordance with the terms and conditions of the programs and policies, including such provisions as
may be applicable specifically to Executive’s position.

(e) Business Expenses. The Company shall reimburse Executive for reasonable and
necessary out-of-pocket expenses incurred in connection with his duties hereunder, including,
without limitation, business entertainment, community involvement, business development, travel on
behalf of the Company, including, without limitation, lodging and transportation expenses incurred
in connection with such business trips. Executive agrees to provide accurate and itemized expense
records so that the Company may receive the benefit of any and all applicable tax deductions with
respect thereto, and the Company agrees to provide reimbursement within a reasonable time and in
accordance with the timeframe used for reimbursement for other management employees of the Company
after receipt of such documentation.

4. Termination and Effect on Compensation.

(a) Termination. Executive’s employment under this Agreement may be terminated as
follows:

(i) Without Cause by the Company. The Company may terminate Executive’s employment at
any time without Cause (defined below) by giving written notice to Executive, which notice shall
specify whether the termination is effective immediately or at a future date not to exceed sixty
(60) days from the date of notice (in the event that the Company specifies such a future date,
Executive will until such date provide such transition services as may be reasonably requested);

(ii) With Cause by the Company. The Company may terminate Executive’s employment at
any time for Cause by giving written notice to Executive, which termination shall be effective
immediately;

(iii) Without Changed Circumstances by Executive. Executive may terminate his
employment at any time for any reason whatsoever or for no reason upon not less than sixty (60)
days’ prior written notice to the Company;

(iv) For Changed Circumstances by Executive. Executive may terminate his employment
at any time for Changed Circumstances (defined below) upon not less than forty-five (45) days’
prior written notice (the “Notice Period”) to the Company specifying such Changed Circumstances
(and the change, event or action giving rise thereto), provided that such notice is given within
thirty (30) days after the initial occurrence of such Changed Circumstances, and provided further
that the change, event or action giving rise to the Changed Circumstances has not been cured as of
the expiration of the Notice Period; and

(v) Death or Permanent Disability. Executive’s employment shall terminate immediately
if Executive dies or becomes Permanently Disabled (defined below).

(b) Effect of Termination.

(i)(A) In the event that (x) the Company terminates Executive’s employment pursuant to Section
4(a)(i) (Without Cause), or (y) Executive terminates his employment pursuant to Section 4(a)(iv)
(For Changed Circumstances), the Company shall within thirty (30) days after the effective date of
such termination pay Executive a cash amount equal to the sum of (aa) all Base Salary which has
accrued as of the date of Executive’s termination and is then unpaid and any cash bonus under
Section 3(c) that has been awarded by the Board and is then unpaid, (bb) the value (based on
Executive’s then-current Base Salary) of paid annual leave which has accrued through the effective
date of Executive’s termination and is then unused, and (cc) the Special Separation Payment
(defined below). The “Special Separation Payment” shall be a lump sum amount equal to the sum of
(1) two times (2x) the amount of Executive’s Base Salary rate for the applicable year, plus
(2) two times (2x) the amount of Executive’s annual cash bonus target (currently the MJO Bonus
Annual Target) for the applicable year under the 2007 Cash Incentive Plan or its successor.
Notwithstanding anything to the contrary set forth herein, if any termination is effected pursuant
to Section 4(a)(i) or 4(a)(iv) during the Protected Period (as defined in the Company’s Change in
Control Benefit Policy), the Special Separation Payment shall not be paid unless and except to the
extent that it exceeds the amount payable under the Company’s Change in Control Benefit Policy on
account of Executive’s termination (and the Company and Executive agree that, notwithstanding
anything to the contrary in the Change in Control Benefit Policy, the amount payable thereunder
shall be determined without regard to any subordination principle expressed therein).

(B) Notwithstanding the foregoing, the Company’s obligation to pay Executive any amount in
respect of the Special Separation Payment shall be contingent upon Executive’s execution and
delivery to the Company of a Severance Agreement (with terms that are not inconsistent with the
terms of this Agreement) and a Release of all Claims in the forms requested by the Company and, to
the extent that the Severance Agreement and/or Release of all Claims includes a statutory
revocation/rescission period, the expiration of such period without Executive having revoked the
release.

(ii) In the event that Executive’s employment terminates pursuant to Section 4(a)(v) (Death or
Permanent Disability), the Company shall pay Executive or his estate the same amount that is
payable pursuant to Section 4(b)(A), including the limitations applicable to termination during the
Protected Period (as defined in the Company’s Change in Control Benefit Policy), provided (x) in
the case of termination related to death, such amount shall be reduced by all amounts payable to
Executive’s beneficiaries pursuant to life insurance policies on Executive’s life (group term or
otherwise) maintained by the Company, and shall be paid within thirty (30) days of Executive’s
death, (y) in the case of termination related to Executive being Permanently Disabled, such amount
shall be paid in full on the first day of the first month following the month in which such
termination became effective, provided such amount shall be reduced by the present value as
calculated by the Company using the prime rate (as announced by the Company’s primary lending
institution as of the date of determination of the Permanent Disability) as the discount rate for
such calculation, of any monthly disability benefit that will be payable to Executive during the
first twenty-four (24) months of disability, under any disability insurance coverage provided to
Executive by the Company (group or individual), and (z) the Company’s obligation to pay Executive
or his estate any amount pursuant to this Section 4(b)(ii) shall be contingent upon Executive’s (or
his personal representative’s), or the personal representative of Executive’s estate, execution and
delivery to the Company of a Severance Agreement (with terms that are not inconsistent with the
terms of this Agreement) and a Release of all Claims in the forms requested by the Company and, to
the extent that the Severance Agreement and/or Release of all Claims includes a statutory
revocation/rescission period, the expiration of such period without Executive having revoked the
release.

(iii) In the event that Executive’s employment terminates for any reason other than pursuant
to (A) Section 4(a)(i) (Without Cause), (B) Section 4(a)(iv) (For Changed Circumstances) or Section
4(a)(v) (Death or Disability), the Company shall pay Executive the sum of (x) any Base Salary which
has accrued as of the date of Executive’s termination and is then unpaid, and (y) the value (based
on Executive’s then-current Base Salary) of paid annual leave which has accrued through the
effective date of Executive’s termination and is then unused. For clarity, the preceding sentence
shall apply in the event that Executive is terminated pursuant to Section 4(a)(ii) (With Cause) or
Executive terminates his employment pursuant to Section 4(a)(iii) (Without Changed Circumstances)
or Executive otherwise resigns.

(iv) Except for the payments described in Sections 4(b)(A), 4(a)(ii) or 4(b)(iii) above, as
applicable, Executive shall not receive or be entitled to any other compensation or benefits from
the Company or any of its affiliates after the termination of Executive’s employment hereunder
(other than Executive’s right to maintain COBRA coverage for the period required by applicable law,
and any amount payable to Executive pursuant to the terms of any Long Term Incentive Plan
established by the Compensation Committee of the Board under the Company’s 2007 Cash Incentive Plan
or its successor), including without limitation any bonus(es) under Section 3.

(v) Upon the effective date of any termination of Executive’s employment hereunder, Executive
shall be deemed to have resigned from the Board and any and all offices and other positions held by
Executive in the Company and/or any of its affiliates and upon the Company’s request, Executive
shall confirm such resignation in writing.

(c) Definitions Used Above.

(i) “Cause” means conduct involving one or more of the following: (A) the substantial and
continuing failure of Executive to render services to the Company in accordance with Executive’s
obligations and position with the Company, provided the Board gives Executive notice with
reasonable detail of the nature of such failure and, if such failure is capable of cure, Executive
fails to cure such failure within thirty (30) days after receipt of such notice; (B) Executive’s
dishonesty, gross negligence, breach of fiduciary duty, willful misconduct or violation of any laws
or regulations applicable to the Company; (C) the commission by Executive of an act of fraud or
embezzlement; (D) the conviction of, or plea of nolo contendere by, Executive of a felony or any
lesser crime generally regarded as involving moral turpitude, (E) the engaging in, or commission by
the Executive of, any intentional act which, in the good faith judgment of the Board, has, or is
reasonably likely to have, a material adverse effect on the public perception or business of the
Company; (F) Executive’s repeated impairment due to alcohol, controlled substances or drugs or the
performance by Executive of his duties hereunder under the influence of alcohol, controlled
substances or drugs (excluding prescribed drugs); or (G) a material breach of the terms of an
agreement with the Company or any subsidiary or affiliate, provided that the Board gives Executive
notice with reasonable detail of such breach and, if such breach is capable of cure, Executive
fails to cure such breach within thirty (30) days after receipt of such notice.

(ii) “Changed Circumstances” means without the consent of Executive, (A) the Board effects any
changes in the duties and responsibilities of Executive that are materially inconsistent with the
duties and responsibilities of Executive immediately prior to the implementation of such changes or
(B) the Board reduces Executive’s target annual compensation by ten percent (10%) or more,
excluding any reductions effected in an across-the-board manner to the salaries paid to Company’s
executive officers.

(iii) Executive shall be deemed “Permanently Disabled” if Executive suffers any physical or
mental condition that qualifies Executive for a disability benefit under the disability plan
maintained by the Company on the date of determination.

5. Breach by Executive. Should Executive materially breach any of the provisions
hereof, or should Executive breach any of the covenants, representations, warranties or other
provisions of any agreement to which Executive and the Company are parties, in addition to and not
in limitation of any other rights or remedies the Company may have: (a) the Company shall not be
bound to make any further payments that it may owe to Executive under this or any other agreement
to which Executive and the Company are parties, until such breach is cured to the Company’s
reasonable satisfaction; (b) the Company may offset against any such amount(s) owed hereunder any
damages it believes it has incurred as a result of such breach; (c) the Company may recover money
damages; and (d) in addition to its rights to damages and its other rights, the Company shall be
entitled to obtain equitable relief for any such breach so that Executive shall be required to
cease and desist immediately from breaching any such provision of this or any such other agreement
(it being agreed that damages alone would be inadequate to compensate the Company and would be an
inadequate remedy for such breach).

6. Other Special Covenants. As a condition to the Company’s execution and delivery of
this Agreement (and as further consideration of the Company’s covenants hereunder),
contemporaneously herewith Employee has executed and delivered to the Company an Executive
Noncompetition, Nondisclosure and Developments Agreement.

7. Governing Law; Jurisdiction and Venue. This Agreement, and the rights and
obligations of the Company and Executive hereunder, shall be governed by and construed in
accordance with the laws of the Commonwealth of Virginia applicable to contracts made and to be
performed therein. Each of the Parties hereby agrees and submits to the jurisdiction and venue of
any state or federal court sitting in Norfolk, Virginia (the “Chosen Courts”), in any action or
proceeding arising out of or relating to this Agreement. Each Party agrees that the Chosen Courts
shall have exclusive jurisdiction for such purposes and each Party agrees not to bring any action
or proceeding arising out of or relating to this Agreement in any other court, waives any objection
to laying venue in any such action or proceeding in the Chosen Courts, and waives any objection
that the Chosen Courts are an inconvenient forum or do not have jurisdiction.

8. Severability. The parties agree that each provision herein shall be treated as a
separate and independent clause, and the unenforceability of one clause shall in no way impair the
enforceability of any of the other clauses herein. Should any provision of this Agreement be held
by a court of competent jurisdiction to be unenforceable, or enforceable only if modified, such
holding shall not affect the validity of the remainder of this Agreement, the balance of which
shall continue to be binding upon the parties hereto with any such modification to become a part
hereof and treated as though contained in this original Agreement.

9. Reformation. The parties hereto agree that any court of competent jurisdiction may
modify any unenforceable provision of this Agreement in lieu of severing the unenforceable
provision from this Agreement in its entirety, whether by rewriting the offending provision,
deleting any or all of the offending provision, adding language to this Agreement, or making such
other modification that the court deems warranted to carry out the agreement of the parties. The
parties hereto expressly agree that this Agreement as so modified by the court shall be binding
upon and enforceable against each of them.

10. Assignment. Neither the Company nor the Executive nor any of his beneficiaries
may assign, pledge or encumber the other party’s interests in this Agreement or any part thereof.
Notwithstanding the foregoing, the Company may assign this Agreement in whole or in part to any
person, partnership, corporation, limited liability company or entity deriving title to the
Business or the assets or goodwill of the Company, including, without limitation, any affiliate.

11. Waivers and Modifications. No amendment, modification or waiver of any provision
of this Agreement shall be effective unless the same shall be set forth in a writing signed by the
parties. This Agreement shall not be construed more strictly against one party by virtue of the
fact it may have been prepared by counsel for such party, it being recognized that each of the
parties have contributed substantially and materially to the preparation of this Agreement.

12. Entire Agreement. This Agreement constitutes the entire understanding and
agreement between the parties hereto with respect to the subject matter hereof. This Agreement
shall inure to the benefit of the respective parties’ heirs, personal representatives, successors
and permitted assigns.

13. No Waiver of Breach or Remedy. A waiver by either party of the breach of any of
the provisions of this Agreement by the other party shall not be deemed a waiver by either party of
any subsequent breach, nor shall recourse to any remedy hereunder be deemed a waiver of any other
or further relief or remedy provided for herein.

14. Notices. All notices hereunder shall be in writing and shall be delivered in
person or mailed by certified or registered mail, return receipt requested, addressed as follows:

	 	 	 
	If to the Company, to:

	 	AMERIGROUP Corporation

4425 Corporation Lane, Suite 300

Virginia Beach, Virginia 23462

Attention: Stanley F. Baldwin

Executive Vice President and General Counsel
	If to the Executive, to:

	 	James G. Carlson

     

     

15. Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed to be an original, but all of which together shall constitute one and the
same instrument.

16. Section Headings. The descriptive section headings herein have been inserted for
convenience only and shall not be deemed to define, limit, or otherwise affect the construction of
any provision hereof.

17. Withholding. Notwithstanding any other provision of this Agreement, the Company
may withhold from amounts payable under this Agreement all federal, state, local, and foreign taxes
that are required to be withheld by applicable laws or regulations..

18. Seals. This Agreement is executed and delivered under seal, and the designation
“[SEAL]” on this Agreement shall be as effective as the affixing of a seal physically thereto.

[Remainder of page intentionally left blank — signature page follows]

1

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have set their
hands and seals hereunto as of the day and year above first written.

EXECUTIVE:

[SEAL]

James G. Carlson

COMPANY:

AMERIGROUP CORPORATION,

a Delaware corporation

[SEAL] By:

Name: Stanley F. Baldwin     

	 	 	Title: Executive Vice President,
Secretary and General Counsel

2EX-10.2

EXECUTIVE NONCOMPETITION,

NONDISCLOSURE AND DEVELOPMENTS AGREEMENT

In consideration and as a condition of my continuing employment by AMERIGROUP CORPORATION, a
Delaware corporation (the “Company”), and the execution and delivery by the Company of an
Employment Agreement dated the 16th day of January, 2008, I hereby agree as follows:

1. (a) At all times while employed by the Company and at all times during the Covered
Post-Employment Period (defined below), I will not compete with AMERIGROUP by serving on the board
of directors of, or as an executive officer of, any other entity or person that is offering in any
Covered Area (defined below) or is developing to offer in any Covered Area any product or service
in competition with any Covered Product or Service of AMERIGROUP.

(b) In addition to the foregoing, at all times while employed by the Company and at all times
during the Covered Post-Employment Period, I will not compete with AMERIGROUP by serving any other
entity or person in a managerial or consulting capacity with respect to any product or service that
such entity or person is offering in any Covered Area or is developing to offer in any Covered Area
in competition with any Covered Product or Service of AMERIGROUP .

(c) At all times while employed by the Company and at all times during the Covered
Post-Employment Period, I will not, directly or indirectly, on behalf of any other entity or person
(i) employ or recruit or solicit for employment any individual who was employed by AMERIGROUP
during the two (2) year period preceding the termination of my employment with the Company, or (ii)
in any manner encourage any such employee to leave employment with AMERIGROUP.

(d) As used herein,

(i) “AMERIGROUP” means each of the Company and its subsidiaries and affiliates.

(ii) “Covered Post-Employment Period” means, subject to Section 6 below, the twenty-four (24)
month period beginning the first day on which I am no longer employed by AMERIGROUP.

(iii) “Covered Product or Service” shall mean any product or service sold or provided by
AMERIGROUP in the two (2) year period prior to my last day of employment with the Company or any
product or service that AMERIGROUP was making significant preparations to sell or offer at the time
of my last day of employment with the Company.

(iv) “Covered Area” shall consist of any geographical market in which during the last two (2)
years of my employment with the Company, AMERIGROUP has provided or has made material efforts to
develop and provide a Covered Product or Service.

2. I will not at any time, whether during or after the termination of my employment, reveal to
any person or entity any of the trade secrets or confidential information concerning the
organization, business or finances of AMERIGROUP or of any third party which AMERIGROUP is under an
obligation to keep confidential (including but not limited to trade secrets or confidential
information respecting inventions, products, designs, methods, techniques, systems, processes,
software programs, works of authorship, customer lists, projects, plans and proposals), except as
may be required in the ordinary course of performing my duties as an employee of the Company, and I
shall keep secret all matters entrusted to me and shall not use or attempt to use any such
information in any manner which may injure or cause loss or may be calculated to injure or cause
loss whether directly or indirectly to AMERIGROUP. It being understood that the foregoing
restriction on disclosure is not applicable to information that has become known to the public
through no wrongful act of mine or any third party

Further, I agree that during my employment I shall not make, use or permit to be used any
notes, memoranda, reports, lists, records, drawings, sketches, specifications, software programs,
data, documentation or other materials of any nature relating to any matter within the scope of the
business of AMERIGROUP or concerning any of its dealings or affairs otherwise than for the benefit
of AMERIGROUP. I further agree that I shall not, after the termination of my employment, use or
permit to be used any such notes, memoranda, reports, lists, records, drawings, sketches,
specifications, software programs, data, documentation or other materials, it being agreed that all
of the foregoing shall be and remain the sole and exclusive property of AMERIGROUP and that
immediately upon the termination of my employment I shall deliver all of the foregoing, and all
copies thereof, to the Company at its main office.

The Company acknowledges that I possess substantial experience and expertise in healthcare and
business management and use of that experience or expertise will not be deemed a violation of this
Agreement, provided such use does not otherwise violate the terms of this Agreement.

3. If at any time or times during my employment, I shall (either alone or with others) make,
conceive, create, discover, invent or reduce to practice any invention, modification, discovery,
design, development, improvement, process, software program, work of authorship, documentation,
formula, data, technique, know-how, trade secret or intellectual property right whatsoever or any
interest therein (whether or not patentable or registrable under copyright, trademark or similar
statues (including but not limited to the Semiconductor Chip Protection Act) or subject to
analogous protection) (herein called “Developments”) that (a) relates to the business of
AMERIGROUP, any AMERIGROUP customer or any supplier to AMERIGROUP (to the extent that the
Developments related to the supplier are those used by the supplier to provide products or services
related to AMERIGROUP’s managed care business) or any of the products or services being developed,
manufactured or sold by AMERIGROUP or which may be used by AMERIGROUP in the conduct of its
business, (b) results from tasks assigned me by AMERIGROUP or (c) results from the use of premises
or personal property (whether tangible or intangible) owned, leased or contracted for by
AMERIGROUP, such Developments and the benefits thereof are and shall immediately become the sole
and absolute property of AMERIGROUP and its assigns, as works made for hire or otherwise, and I
shall promptly disclose to AMERIGROUP (or any persons designated by it) each such Development and,
as may be necessary to ensure AMERIGROUP’s ownership of such Developments, I hereby assign any
rights (including, but not limited to, any copyrights and trademarks) I may have or acquire in the
Developments and benefits and/or rights resulting therefrom to AMERIGROUP and its assigns without
further compensation and shall communicate, without cost or delay, and without disclosing to others
the same, all available information relating thereto (with all necessary plans and models) to
AMERIGROUP.

I will, during my employment and at any time thereafter, at the request and cost of
AMERIGROUP, promptly sign, execute, make and do all such deeds, documents, acts and things as
AMERIGROUP and its duly authorized agents may reasonably require:

(a) to apply for, obtain, register and vest in the name of AMERIGROUP alone (unless AMERIGROUP
otherwise directs) letters patent, copyrights, trademarks or other analogous protection in any
country throughout the world and when so obtained or vested to renew and restore the same; and

(b) to defend any judicial, opposition or other proceeding in respect of such applications and
any judicial, opposition or other proceedings or petitions or applications for revocation of such
letters patent, copyright, trademark or other analogous protection.

4. In the event AMERIGROUP is unable, after reasonable effort, to secure my signature on any
application for letters patent, copyright or trademark registration or other documents regarding
any legal protection relating to a Development that is related to AMERIGROUP’s business whether
because of my physical or mental incapacity or for any reason whatsoever, I hereby irrevocably
designate and appoint AMERIGROUP and its duly authorized officers and agents as my agent and
attorney-in-fact, to act for and in my behalf and stead to execute and file any such application or
applications or other documents and to do all other lawfully permitted acts to further the
prosecution and issuance of letters patent, copyright or trademark registrations or any other legal
protection thereon with the same legal force and effect as if executed by me.

5. I agree that any breach of this Agreement by me may cause irreparable damage to AMERIGROUP
and that in the event of such breach AMERIGROUP shall have, in addition to any and all remedies of
law, the right to an injunction, specific performance or other equitable relief to prevent the
violation of my obligations hereunder. I hereby acknowledge and agree that I will have access to
confidential and proprietary information and trade secrets concerning AMERIGROUP during my
employment and that the restrictions contained in Sections 1 and 2 of this Agreement are reasonable
in scope and necessary to protect the legitimate business interests of AMERIGROUP I hereby further
expressly acknowledge that each subsidiary and affiliate of the Company is an express third party
beneficiary of the terms of this Agreement.

6. I agree that in the event that I breach any of my covenants in Section 1, my Covered
Post-Employment Period shall be extended by the period of the duration of such breach.

7. I understand that this Agreement does not create an obligation on AMERIGROUP or any other
person or entity to continue my employment.

8. I represent that the Developments identified in the pages, if any, attached hereto comprise
all the unpatented and unregistered copyrightable Developments which I have made, conceived or
created prior to my employment by AMERIGROUP, which Developments are excluded from this Agreement.
I understand that it is only necessary to list the title and purpose of such Developments but not
details thereof.

9. I represent that, except as I have disclosed in writing to the AMERIGROUP Companies, I am
not a party to, or bound by the terms of, any agreement with any previous employer or other party
to refrain from using or disclosing any trade secret or confidential or proprietary information in
the course of my employment with AMERIGROUP or to refrain from competing, directly or indirectly,
with the business of such previous employer or any other party. I further represent that my
performance of all the terms of this Agreement and as an employee of AMERIGROUP does not and will
not breach any agreement to keep in confidence proprietary information, knowledge or data acquired
by me in confidence or in trust prior to my employment with AMERIGROUP, and I will not disclose to
AMERIGROUP or induce AMERIGROUP to use any confidential or proprietary information or material
belonging to any previous employer or others. I have not entered into, and I will not enter into,
any agreement either written or oral in conflict herewith.

10. I agree that throughout the Covered Post-Employment Period I will notify each of my
prospective employers that I am bound by the restrictions contained in Sections 1 and 2 of this
Agreement and I will provide a copy of this Agreement to any employer prior to commencing
employment during the Covered Post-Employment Period.

11. My obligations under this Agreement shall survive the termination of my employment
regardless of the manner of such termination and shall be binding upon my heirs, executors,
administrators and legal representatives.

12. This Agreement, and the rights and obligations of the parties hereunder, shall be governed
by and construed in accordance with the laws of the Commonwealth of Virginia applicable to
contracts made and to be performed therein. I hereby agree and submit to exclusive jurisdiction
and venue in any state or federal court sitting in Norfolk, Virginia (the “Chosen Courts”), in any
action arising out of or relating to this Agreement. I agree that the Chosen Courts shall have
exclusive jurisdiction for such purposes and that I will not bring any action or proceeding arising
out of or relating to this Agreement in any other court, waive any objection to laying venue in any
such action or proceeding in the Chosen Courts, and waive any objection that the Chosen Courts are
an inconvenient forum or do not have jurisdiction. I agree that, notwithstanding the foregoing,
AMERIGROUP may seek and obtain injunctive relief or other equitable remedies from any court of
competent jurisdiction

13. I agree that each provision herein shall be treated as a separate and independent clause,
and the unenforceability of any one clause shall in no way impair the enforceability of any of the
other clauses herein. Should any provision of this Agreement be held by a court of competent
jurisdiction to be unfavorable, or enforceable only if modified, such holding shall not affect the
validity of the remainder of this Agreement, the balance of which shall continue to be binding upon
the parties hereto with any such modification to become a part hereof and treated as though
contained in this original Agreement.

14. I agree that any court of competent jurisdiction may modify any unenforceable provision of
this Agreement in lieu of severing the unenforceable provision from this Agreement in its entirety,
whether by rewriting the offending provision, adding language to this Agreement, or making such
other modification that the court deems warranted to carry out our agreement. I agree that this
Agreement as so modified by a court shall be binding upon and enforceable against me.

15. The parties agree and understand that neither party may not assign their obligations under
this Agreement or any part thereof. Notwithstanding the foregoing, the Company may assign this
Agreement in whole or in part to any person, partnership, corporation, limited liability company or
entity deriving title to the business of the Company or the assets or goodwill thereof, including
without limitation, any affiliate.

16. I agree that no amendment, modification or waiver of any provision of this Agreement shall
be effective unless the same shall be set forth in a writing signed by me and the Company. This
Agreement shall not be construed more strictly against one party by virtue of the fact it may have
been prepared by counsel for such party, it being recognized that each of the parties has
contributed substantially and materially to the preparation of this Agreement.

17. This Agreement and the restrictive covenants in the Company’s Equity Incentive Plans (the
“Incentive Plan Restrictive Covenants”) constitute the entire understanding and agreement between
AMERIGROUP and me with respect to the subject matter hereof and supersede the terms of that certain
Employee Noncompetition, Nondisclosure and Developments Agreement between the Company and me dated
May 14, 2003. I agree that nothing in this Agreement is intended to limit the Incentive Plan
Restrictive Covenants, nor are the terms of the Incentive Plan Restrictive Covenants intended to
limit the covenants and obligations herein, and I shall comply with both the Incentive Plan
Restrictive Covenants and the terms of this Agreement, and AMERIGROUP shall be entitled to have all
of my covenants and obligations therein and herein enforced to the fullest extent permitted by law.

18. Any waiver by either party of a breach of any provision of this Agreement by the other
shall not be deemed a waiver by either party of any subsequent breach, nor shall recourse to any
remedy hereunder be deemed a waiver of any other or further relief or remedy provided for herein.

19. All notices hereunder shall be in writing and shall be delivered in person or mailed by
certified or registered mail, return receipt requested, addressed as follows:

	 	 	 
	If to the Company, to:

	 	AMERIGROUP Corporation

4425 Corporation Lane, Suite 300

Virginia Beach, Virginia 23462

Attention: Stanley F. Baldwin

Executive Vice President and General Counsel
	If to James G. Carlson, to:

	 	James G. Carlson

     

     

20. This Agreement may be executed in two or more counterparts, each of which shall be deemed
to be an original, but all of which together shall constitute one and the same instrument.

21. This Agreement is executed and delivered under seal, and the designation “[SEAL]” on this
Agreement shall be as effective as the affixing of a seal physically thereto.

[Remainder of page intentionally left blank – Signature page follows]

1

IN WITNESS
WHEREOF, the undersigned have executed this Agreement as a sealed instrument as of the 16th day of
January, 2008.

James G. Carlson

AMERIGROUP CORPORATION

By:

Name: Stanley F. Baldwin     

Title: Executive Vice President,

Secretary and General Counsel

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}]]