Document:

Specimen certificate evidencing common shares

 Exhibit 4.1 

 
 

 
 ink. proof this printing PROOF and However, dyes NÚMERO/NUMBER
ACÇÕES/SHARES the ANOTHER product. TIM WE - SGPS, S.A. SEND final between AND the on ISTO CERTIFICA QUE/THIS CERTIFIES THAT CUSIP X9096K 10 5 difference Black. WORD. A. the appear to S. CHANGES will FOR it colors due FACE 2012 6 as
jkc/mr\jkc in MAKE 7, SGPS proof 5355 REV. color WORD the MAY WE, - Prints the WO of from TIM Operator: RED. CHANGES different 13 - PROOFREAD SC representation WITH slightly É O TITULAR DE/IS THE RECORD HOLDER OF in OK NOT
good  a appear Valor nominal de cada acção/ Nominal value per share: €0,03 (três cêntimos de euro)/€0.03 (three eurocents) IS is printsIt may Acções números/Share numbers: IS Assinado
e MAIL AS - printer. Valor Nominal Global/Global Nominal Value: E Countersigned product Intaglio OK laser Sede: Avenida Infante Santo, número dois, letra “H”, terceiro andar, freguesia de Prazeres, concelho Head Office: Avenida
Infante Santo, number 2, letter “H”, third floor, freguesia de Prazeres, OR and Integrado de Lisboa. Lisbon. printed A color Capital Social: €1.500.000,00 Share Capital: €1.500.000,00 BY: em Pessoa Colectiva
no: 507.523.660 Register no.: 507.523.660 final Matriculada na Conservatória do Registo Comercial de Lisboa sob o no 507.523.660. Registered at the Company’s Register Office of Lisbon under the no. 507.523.660. MODEM the
Registered quality, 7660 PRINTING: Constituída por escritura pública, lavrada no cartório Notarial de Carlos Manuel da Silva Almeida, Incorporated by public deed at the Notary of Carlos Manuel da Silva Almeida, on January 5, in
sistema - PROOF: 38401 and aos 5 de Janeiro de 2006, de fls. 87-89, do livro de notas para escrituras diversas no 55-A. 2006, on sheets 87-89 of the Entry Book no. 55-A. MERICAN a BY 490 LANE - THIS Aumento do capital social, de €50.000,00
para €2.500.000,00, por escritura pública, lavrada no mesmo Share capital increase, from €50,000.00 to €2,500,000.00, formalized by public deed, at the same FOR graphics cartório, aos 22 de Fevereiro de 2006, de fls.
6-7, do livro de notas para escrituras diversas no 67-A. Notary, on sheets 6-7 of the Entry Book no. 67-A. 931 a STOCKAmerica 3003 rendition, - FOR Redução do capital social, de €2.500.000,00 para €1.500.000,00, e
alteração do valor nominal das Decrease of share capital, from €2,500,000.00 to €1,500,000.00, and change of the nominal value centralized centralizado on acções representativas do capital social da Sociedade,
de €5,00 para €0,50, deliberadas pela of the shares comprising the Company’s share capital, from €5.00 to €0.50, by unanimous 388 unanimidade dos accionistas em Assembleia Geral Extraordinária realizada aos 23 de
Fevereiro resolution of the Company’s shareholders, at the Extraordinary General Meeting held on February North TENNESSEE RECEIVED color de 2011. 23, 2011. desde artwork system (931) GRONER SELECTED exact Alteração do valor
nominal das acções representativas do capital social da Sociedade, de €0,50 Change of the nominal value of the shares comprising the Company’s share capital, from €0.50 ARMSTRONG or SELECTION an para €0,05,
deliberada pela unanimidade dos accionistas em Assembleia Geral Extraordinária to €0.05, by unanimous resolution of the Company’s shareholders, at the Extraordinary General (Brooklyn, TRANSFER TEXT file since 711 not realizada aos
18 de Abril de 2011. Meeting held on April 18, 2011. NY)TRUST& ABnote TRANSFER COLUMBIA, HOLLYis Alteração do valor nominal das acções representativas do capital social da Sociedade, de €0,05 Change of the
nominal value of the shares comprising the Company’s share capital, from €0.05 digitalIt a para €0,03, deliberada pela unanimidade dos accionistas em Assembleia Geral Extraordinária to €0.03, by unanimous resolution of the
Company’s shareholders, at the Extraordinary General COLORS NOTE: realizada aos 14 de Julho de 2011. Meeting held on July 14, 2011. AGENT from transferable on the books of the Corporation in person or by duly authorized attorney upon surrender
of the printing. APPROPRIATE certificate properly endorsed. AUTHORIZED AND printed offset THE Witness the facsimile signature of the Corporation’s duly authorized officer. COMPANY, was from LLC Dated: Chief Executive Officer SIGNATURE
REGISTRARINITIAL proof by: por/ different This is PLEASE COLOR: process 

  
 

 
 Additional abbreviations may also be used though not in the above list. For value
received, hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE Shares of the common stock represented by the
within Certificate, and do hereby irrevocably constitute and appoint Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises. Dated, NOTICE: THE SIGNATURE TO THIS ASSIGNMENT
MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT, OR ANY CHANGE WHATEVER. SIGNATURE(S) GUARANTEED: THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. AMERICAN BANK NOTE COMPANY 711 ARMSTRONG LANE APRIL 24, 2012
COLUMBIA, TENNESSEE 38401 TIM WE, SGPS S.A. (931) 388-3003 WO-5355 BACK HOLLY GRONER 931-490-7660 Operator: jkc NEW PLEASE INITIAL THE APPROPRIATE SELECTION FOR THIS PROOF: OK AS IS OK WITH CHANGES
MAKE CHANGES AND SEND ANOTHER PROOF NOTE: TEXT RECEIVED BY MODEM OR E-MAIL IS NOT PROOFREAD WORD FOR WORD.Executive Bonus Plan

 Exhibit 10.18 
 EHEALTH, INC. 
 EXECUTIVE BONUS PLAN 

2012 
 1.
Plan Objectives. 
  

	 	•	 	 Reward management for achieving stated business objectives 

 

	 	•	 	 Build long-term stockholder value 

  

	 	•	 	 Provide competitive compensation for senior management 

 2. Administration. The Compensation Committee of eHealth, Inc. (the “Company”) will administer the Executive Bonus Plan (the “Plan”). The Compensation Committee reserves the
right at any time during the fiscal year to modify the Plan in total or in part. This Plan may be amended, suspended or terminated at any time at the sole and absolute discretion of the Compensation Committee. 

3. Eligibility. Senior management of the Company as nominated by the CEO and approved by the Compensation Committee, but not
including the CEO, (collectively, “Participants”) are eligible to participate in this Plan. Participation in the Plan in one year does not imply continued Plan participation in any subsequent year. Participants must be employed at the time
of payment to earn any payment under the Plan. 
 Eligible senior management hired during the Plan year will have their Target
Incentive Percentage and Maximum Incentive Percentage set by the Compensation Committee (see Item 5 below). Such Participant’s incentive payout will be pro-rated from the first day of employment; provided that the Compensation Committee
determines that the Participant is eligible to participate. Employees hired after September 30, 2012 are not eligible for incentive payout for the 2012 Plan year, unless the Compensation Committee determines otherwise. 

4. Term. 12 months, commencing on January 1, 2012 and ending on December 31, 2012. 

5. Target Incentive Payout. The Compensation Committee will approve a Target Incentive Percentage and a Maximum Incentive
Percentage for each Participant. The incentives under this Plan are expressed as a percentage of annual base salary as of the time the Compensation Committee approves a Participant’s participation in the Plan (the “Annual Salary”).
Attached, as Exhibit A, is a schedule of the Annual Salary, Target and Maximum Incentive Percentages and aggregate incentive for each 2012 Plan Participant. The aggregate “Target Incentive Award” for each Participant is equal to that
Participant’s Annual Salary multiplied by the Target Incentive Percentage for that Participant. 
 6. Incentive
Determination. 100% of each Participant’s potential Target Incentive Award is based upon achievement of the 2012 Revenue, Non-GAAP Operating Earnings (without 

 
stock compensation and amortization of acquired intangibles) and EBITDA (GAAP Operating Income without stock compensation, depreciation and amortization) performance goals of the Company (each, a
“Goal”) as approved by the Compensation Committee in connection with the adoption of this Plan and subject to adjustment as set forth elsewhere in this Plan. The Revenue Goal comprises 40% of the total potential Target Incentive Award. The
Non-GAAP Operating Earnings Goal and the EBITDA Goal each comprise 30% of the total potential Target Incentive Award. In order to determine payouts based upon Goal performance achievement between whole percentages, the Compensation Committee shall
apply straight-line interpolation. 
 On-Target Performance Payout. In the event the Company meets the
Revenue Goal, a Participant shall receive 40% of the product determined by multiplying the Target Incentive Percentage of the Participant by the Participant’s Annual Salary; in the event the Company meets the Non-GAAP Operating Earnings Goal or
the EBITDA Goal, a Participant shall receive 30% (for each goal) of the product determined by multiplying the Target Incentive Percentage of the Participant by the Participant’s Annual Salary (respectively, for each of the three Goals, a
“Goal Target Payout”). 
 Below 95% Performance. If a Goal is achieved as to less than 95%, there will
be no payout for that Goal. 
 95-99% Performance Payout. If a Goal is achieved at a 95% level, a Participant
shall receive, in connection with the partial achievement of that Goal, 50% of the Goal Target Payout. If a Goal is achieved at the 96% level, a Participant shall receive, in connection with the partial achievement of that Goal, 60% of the Goal
Target Payout. If a Goal is achieved at the 97% level, a Participant shall receive, in connection with the partial achievement of that Goal, 70% of the Goal Target Payout. If a Goal is achieved at the 98% level, a Participant shall receive, in
connection with the partial achievement of that Goal, 80% of the Goal Target Payout. If a Goal is achieved at the 99% level, a Participant shall receive, in connection with the partial achievement of that Goal, 90% of the Goal Target Payout.

 Above 100% Performance Payout – 2012 Revenue Goal. Subject to the other provisions of this Plan, for each
percent achieved above 100% of the 2012 Revenue Goal, the Participant will receive an additional 5% of the Goal Target Payout for the Revenue Goal up to a maximum additional payment equal to 50% of the Goal Target Payout. 

Above 100% Performance Payout – 2012 Non-GAAP Operating Earnings Goal. If and only if the 2012 Revenue Goal is
achieved at a level of 100% or more, then for each percent achieved above 100% of the 2012 Non-GAAP Operating Earnings Goal, the Participant will receive an additional 2.5% of the Goal Target Payout up to a maximum additional Goal Target Payout of
50%. 
 Above 100% Performance Payout – 2012 Non-GAAP EBITDA Goal. If and only if the 2012 Revenue Goal is
achieved at a level of 100% or more, then for each percent achieved above 100% of the 2012 EBITDA Goal, the Participant will receive an additional 2.5% of the Goal Target Payout up to a maximum additional Goal Target Payout of 50%. 

The Company must be profitable on an operating basis (excluding non-cash charges) for a Participant to qualify for their maximum payout
under the Plan for any specific Goal. If the 

  
 -2-

 
Company is not profitable on an operating basis (excluding non-cash charges), the maximum possible payout for the achievement of all three Goals shall be no more than 100% of the
Participant’s Target Incentive Award. 
 The 2012 Revenue Goal, Non-GAAP Operating Earnings Goal and EBITDA Goal and
performance may exclude, at the Compensation Committee’s sole discretion, (i) the effect of mergers and acquisitions closing in 2012 (if any), (ii) any extraordinary non-recurring items as described in Accounting Principles Board Opinion No. 30
or as otherwise determined by the Compensation Committee to be extraordinary or non-recurring in its sole discretion, (iii) the effect of any changes in accounting principles affecting the Company’s or a business units’ reported results,
and (iv) any non-recurring expenses specified by the Compensation Committee. 
 7. Payment. Payments under the Plan will
be made following the release of the Company’s earnings to the public, but in no event later than March 15, 2013. The Compensation Committee must approve all executive officer incentive awards prior to payment. All Plan payments will be made
net of applicable withholding taxes. 
 8. Employment at Will. The employment of all employees at eHealth is terminable
at any time by either party, with or without cause being shown or advance notice by either party. This Plan shall not be construed to create a contract of employment for a specified period of time between eHealth and any employee. 

9. Entire Agreement. This Plan is the entire agreement between eHealth and the eligible employees regarding the subject matter of
this Plan and supersedes all prior bonus compensation or bonus incentive plans or any written or verbal representations regarding the subject matter of this Plan. 
 ****** 

  
 -3-

 EXHIBIT A 
 Salaries, Incentives and Incentive Percentages for 2012 Plan Participants 
  

																							
	 	  	 	 	  	 	  	INCENTIVE%	 	 	INCENTIVE $	 
	OFFICERS	  	SALARY	 	  	 TITLE
	  	TARGET	 	 	MAX	 	 	TARGET	 	 	MAX	 
	 Gibbs, Sam
	  	$	250,000	  	  	President, Govt Systems	  	 	60	% 	 	 	90	% 	 	$	150,000	  	 	$	225,000	  
	 Huizinga, Stuart
	  	$	280,000	  	  	CFO	  	 	60	% 	 	 	90	% 	 	$	168,000	  	 	$	252,000	  
	 Hurley, Robert
	  	$	250,000	  	  	SVP	  	 	60	% 	 	 	90	% 	 	$	150,000	  	 	$	225,000	  
	 Shaughnessy, Bill
	  	$	500,000	  	  	President & COO	  	 	60	% 	 	 	90	% 	 	$	300,000	* 	 	$	450,000	* 

  

	*	Per employment agreement, to be pro-rated for partial year.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00203-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00203-of-00352.parquet"}]]