Document:

exhibit1018.htm

    Exhibit
10.18

     

    
      CENTENE
CORPORATION

       

      Nonstatutory
Stock Option Agreement Granted Under

       

      Amended and Restated 2003
Stock Incentive Plan

       (Directors) 

       

      1. Grant of
Option

       

      This
agreement evidences the grant by Centene Corporation, a Delaware corporation
(the “Company”), on __________________ (the “Grant
Date”) to__________________, a director of the Company (the
“Participant”), of an option to purchase, in whole or in part, on the terms
provided herein and in the Company’s Amended and Restated 2003 Stock Incentive
Plan (the “Plan”), a total of _______ shares (the “Shares”)
of common stock, $0.001 par value per share, of the Company (“Common Stock”) at
$______ per
Share.  Unless earlier terminated, this option shall expire at 3:00
p.m., Central time, on
_____________ (the “Final Exercise Date”).

       

      It is
intended that the option evidenced by this agreement shall not be an incentive
stock option as defined in Section 422 of the Internal Revenue Code of 1986, as
amended, and any regulations promulgated thereunder (the
“Code”).  Except as otherwise indicated by the context, the term
“Participant,” as used in this option, shall be deemed to include any person who
acquires the right to exercise this option validly under its terms.

       

      2. Vesting
Schedule

       

      This
option will become exercisable (“vest”) as to ___% of the original number of
Shares on the ____
anniversary of the Grant Date and as to an additional ___% of the original number of
Shares at the end of each successive _______ period following the
first anniversary of the Grant Date until the ____ anniversary of the Grant
Date.

       

      The right
of exercise shall be cumulative so that to the extent the option is not
exercised in any period to the maximum extent permissible it shall continue to
be exercisable, in whole or in part, with respect to all Shares for which it is
vested until the earlier of the Final Exercise Date or the termination of this
option under Section 3 hereof or the Plan.

       

      In the
event of a “Change in Control” of the Company or if the Optionee is not
re-elected as a member of the Board, all of the Shares that (but for the
application of this clause) are not vested at the time of the occurrence of such
events shall vest.  A “Change in Control” shall be deemed to have
occurred if any of the events set forth in any one of the following clauses
shall occur:  (i) any Person (as defined in section 3(a)(9) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such
term is modified in sections 13(d) and 14(d) of the Exchange Act), excluding a
group of persons including the Participant, is or becomes the “beneficial owner”
(as defined in Rule 13(d)(3) under the Exchange Act), directly or indirectly, of
securities representing forty percent or more of the combined voting power of
the Company’s then outstanding securities; (ii) individuals who, as of the Grant
Date, constitute the Board of Directors of the Company (the “Incumbent Board”),
cease for any reason to constitute a majority thereof (provided, however, that an
individual becoming a director subsequent to the Grant Date whose election, or
nomination for election by the Company’s stockholders, was approved by at least
a majority of the directors then comprising the Incumbent Board shall be
included within the definition of Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of either an actual election contest (or such terms used in Rule 14a-11
of Regulation 14A promulgated under the Exchange Act) or other actual or
threatened solicitation of proxies or consents by or on behalf of a person other
than the Board of Directors of the Company); or (iii) the stockholders of the
Company consummate a merger or consolidation of the Company with any other
corporation, other than a merger or consolidation which would result in the
voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) at least fifty percent of the
combined voting power of the voting securities of the Company or such surviving
entity outstanding immediately after such merger or consolidation.

       

      3. Exercise of
Option

       

      (a) Form of
Exercise.  Each election to exercise this option shall be in
writing, signed by the Participant, and received by the Company at its principal
office, accompanied by this agreement, and payment in full in the manner
provided in the Plan.  Common Stock purchased upon the exercise of
this option shall be paid for as follows:

       

      
        	
                (1)  

              	
                in
      cash or by check, payable to the order of the
  Company;

              

      

       

      
        	
                (2)  

              	
                by
      (i) delivery of an irrevocable and unconditional undertaking by a
      creditworthy broker to deliver promptly to the Company sufficient funds to
      pay the exercise price and any required tax withholding or (ii) delivery
      by the Participant to the Company of a copy of irrevocable and
      unconditional instructions to a creditworthy broker to deliver promptly to
      the Company cash or a check sufficient to pay the exercise price and any
      required tax withholding;

              

      

       

      
        	
                (3)  

              	
                when
      the Common Stock is registered under the Securities and Exchange Act of
      1934, as amended, by delivery of shares of Common Stock owned by the
      Participant valued at their fair market value as determined by (or in a
      manner approved by) the board of directors of the Company (the “Board”) in
      good faith (“Fair Market Value”), provided (i) such
      method of payment is then permitted under applicable law and (ii) such
      Common Stock, if acquired directly from the Company was owned by the
      Participant at least six months prior to such
  delivery;

              

      

       

      
        	
                (4)  

              	
                to
      the extent permitted under applicable law and permitted by the Board, in
      its sole discretion, provided that at least
      an amount equal to the par value of the Common Stock being purchased shall
      be paid in cash; or

              

      

       

      
        	
                (5)  

              	
                by
      any combination of the above permitted forms of
  payment.

              

      

       

      The
Participant may purchase less than the number of shares covered hereby, provided
that no partial exercise of this option may be for any fractional share or for
fewer than ten whole shares.

       

      (b) Continuous Relationship with
the Company Required.  Except as otherwise provided in this
Section 3, this option may not be exercised unless the Participant, at the
time he or she exercises this option, is, and has been at all times since the
Grant Date, a director of, or consultant or advisor to, the Company or any other
entity the directors, consultants or advisors of which are eligible to receive
option grants under the Plan (an “Eligible Participant”).

       

      (c) Termination of Relationship
with the Company.  If the Participant ceases to be an Eligible
Participant for any reason, then, except as provided in paragraphs (d) and
(e) below, the right to exercise this option shall terminate 30 days after such
cessation (but in no event after the Final Exercise Date), provided that this option
shall be exercisable only to the extent that the Participant was entitled to
exercise this option on the date of such cessation.  Notwithstanding
the foregoing, if the Participant, prior to the Final Exercise Date, violates
the non-competition or confidentiality provisions of any consulting, advisory,
nondisclosure, non-competition or other agreement between the Participant and
the Company, the right to exercise this option shall terminate immediately upon
such violation.

       

      (d) Exercise Period Upon Death
or Disability.  If the Participant dies or becomes disabled
(within the meaning of Section 22(e)(3) of the Code) prior to the Final
Exercise Date while he or she is an Eligible Participant and the Company has not
terminated such relationship for “cause” as specified in paragraph (e) below,
this option shall be exercisable, within the period of 90 days following the
date of death or disability of the Participant, by the Participant (or in the
case of death by an authorized transferee), provided that this option
shall be exercisable only to the extent that this option was exercisable by the
Participant on the date of his or her death or disability, and further provided that this
option shall not be exercisable after the Final Exercise Date.

       

      (e) Discharge for
Cause.  If the Participant, prior to the Final Exercise Date,
is discharged by the Company for “cause” (as defined below), the right to
exercise this option shall terminate immediately upon the effective date of such
discharge.  “Cause” shall include acts or omissions that the
Company determines in writing, after affording the Participant an
opportunity to be heard, are  (i) criminal, dishonest or fraudulent or
constitute  misconduct that reflect negatively on the reputation of
the Company (including any parent, subsidiary, affiliate or division of the
Company); (ii) acts or omissions that could expose the Company or any parent,
subsidiary, affiliate or division of the Company to claims of illegal harassment
or discrimination in employment;(iii) material breaches of this Agreement; or
(iv) continued and repeated failure to perform substantially the duties of
his/her employment.  The Participant shall be considered to have been
discharged for “cause” if the Company determines, within 30 days after the
Participant’s resignation, that discharge for cause was warranted.

       

      4. Withholding

       

      No Shares
will be issued pursuant to the exercise of this option unless and until the
Participant pays to the Company, or makes provision satisfactory to the Company
for payment of, any federal, state or local withholding taxes required by law to
be withheld in respect of this option.

       

      5. Nontransferability of
Option

       

      This
option may not be sold, assigned, transferred, pledged or otherwise encumbered
by the Participant, either voluntarily or by operation of law, except by will or
the laws of descent and distribution, and, during the lifetime of the
Participant, this option shall be exercisable only by the
Participant.

       

      6. Provisions of the
Plan

       

      This
option is subject to the provisions of the Plan, a copy of which is furnished to
the Participant with this option.

       

      In
Witness Whereof, the Company has caused this option to be executed under its
corporate seal by its duly authorized officer.  This option shall take
effect as a sealed instrument.

       

      Centene
Corporation

      

      

      By:                                                                      

      

      

       

      

       

      PARTICIPANT’S
ACCEPTANCE

       

      The
undersigned hereby accepts the foregoing option and agrees to the terms and
conditions thereof.  The undersigned hereby acknowledges receipt of a
copy of the Company’s Amended and Restated 2003 Stock Incentive
Plan.

       

      Participant:

      

      

      Dated:  _________________exhibit1023.htm

    Exhibit
10.23

     

    
      CENTENE
CORPORATION

       

      Restricted
Stock Unit Agreement Granted Under

       

      Amended and Restated 2003
Stock Incentive Plan

       

      THIS
AGREEMENT is entered into by Centene Corporation, a Delaware corporation
(hereinafter the “Company”), and the undersigned employee of the Company
(hereinafter the “Participant”).

       

      WHEREAS,
the Participant renders important services to the Company and acquires access to
Confidential Information (as defined below) of the Company in connection with
the Participant’s relationship with the Company; and

       

      WHEREAS,
the Company desires to align the long-term interests of its valued employees
with those of the Company by providing the ownership interest granted herein and
to prevent former employees whose interest may become adverse to the Company
from maintaining an ownership interest in the Company;

       

      NOW, THEREFORE, in consideration of
the foregoing and the mutual agreements herein contained, the parties hereto
hereby agree as follows:

       

      1. Grant of
RSUs.

       

      This
Agreement evidences the grant by the Company on _______
___, ____ (the “Grant Date”) to   __________________
(the “Participant”) of _________ restricted stock units
(each an “RSU,” and collectively the “RSUs”) pursuant to the Company’s Amended
and Restated 2003 Stock Incentive Plan (the “Plan”).  Each RSU
represents the right to receive one share of the common stock, $.001 par value
per share, of the Company (“Common Stock”) as provided in this
Agreement.  The shares of Common Stock that are issuable upon vesting
of the RSUs are referred to in this Agreement as “Shares.”

       

      2. Performance Condition and
Vesting.

       

      (a)                          The
grant of RSUs provided for in Section 1 shall be contingent on the Company’s
achievement of at least ___ revenue growth and ___ pre-tax margin for the 200_ fiscal
year.

       

      (b)               If
the requirements of paragraph (a) are satisfied, then the RSUs shall vest as to
____% of the original number of
RSUs on the first trading day
following the 200_ year end earnings release and
as to an additional ____% of the original number of
RSUs on each anniversary of the initial vesting date until the _____ anniversary of
the initial vesting date.

       

      (c
)               If
the requirements of paragraph (a) are not
satisfied, then the RSUs shall vest as to ____% of the original number of
RSUs on the first trading day
following the 200_ year end earnings release and
as to an additional ____% of the original number of
RSUs on each anniversary of the initial vesting date until the ______ anniversary of
the initial vesting date.

       

      3. Reorganization
Event.

       

      Upon the
occurrence of a “Change in Control,” all of the RSUs that (but for the
application of this clause) are not vested at the time of the occurrence of such
Change in Control event shall vest.  A “Change in Control” shall be
deemed to have occurred if any of the events set forth in any one of the
following clauses shall occur:  (i) any Person (as defined in section
3(a)(9) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and as such term is modified in sections 13(d) and 14(d) of the Exchange Act),
excluding a group of persons including the Participant, is or becomes the
“beneficial owner” (as defined in Rule 13(d)(3) under the Exchange Act),
directly or indirectly, of securities of the Company representing forty percent
or more of the combined voting power of the Company’s then-outstanding
securities; (ii) individuals who, as of the Grant Date, constitute the Board of
Directors of the Company (the “Incumbent Board”), cease for any reason to
constitute a majority thereof (provided, however, that an
individual becoming a director subsequent to the Grant Date whose election, or
nomination for election by the Company’s stockholders, was approved by at least
a majority of the directors then comprising the Incumbent Board shall be
included within the definition of Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of either an actual election contest (or such terms used in Rule 14a-11
of Regulation 14A promulgated under the Exchange Act) or other actual or
threatened solicitation of proxies or consents by or on behalf of a person other
than the Board of Directors of the Company); or (iii) the stockholders of
the Company consummate a merger or consolidation of the Company with any other
corporation, other than a merger or consolidation that would result in the
voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) at least fifty percent of the
combined voting power of the voting securities of the Company or such surviving
entity outstanding immediately after such merger or consolidation.

       

      4. Distribution of
Shares.

       

      (a) Timing of
Distribution.  The Company will distribute to the Participant
(or to the Participant’s estate in the event of the death of the Participant
occurring after a vesting date but before distribution of the corresponding
Shares), as soon as administratively practicable after each vesting date, the
Shares represented by RSUs that vested on such vesting date.

       

      (b) No Fractional
Shares.  No fractional Shares shall be issuable pursuant to any
RSU.  In lieu of any fractional shares to which the Participant would
otherwise be entitled, the Company shall pay cash in an amount equal to such
fraction multiplied by the Fair Market Value (as defined in the Plan) of a share
of Common Stock.

       

      (c) Termination of
Employment.  In the event that the Participant’s employment
with the Company (and any parent or subsidiary thereof) is terminated for any
reason by the Company or by the Participant (including by reason of death or
disability, within the meaning of Section 22(e)(3) of the Internal Revenue
Code of 1986, as amended (the “Code”)), the RSUs shall cease vesting as of the
date of termination.

       

      (d) Compliance
Restrictions.  The Company shall not be obligated to issue to
the Participant the Shares upon the vesting of any RSU (or otherwise) unless (i)
the Participant has complied with covenants set forth in Section 10 of this
Agreement and (ii) the issuance and delivery of such Shares shall comply with
all relevant provisions of law and other legal requirements including any
applicable federal or state securities laws and the requirements of any stock
exchange or quotation system upon which Common Stock may then be listed or
quoted.

       

      5. Restrictions on
Transfer.

       

      The RSUs
may not be sold, assigned, transferred, pledged or otherwise encumbered by the
Participant, either voluntarily or by operation of law, except by will or the
laws of descent and distribution, and, during the lifetime of the Participant,
the RSUs shall be exercisable only by the Participant.

       

      6. No Rights as
Stockholder.

       

      Except as
set forth in the Plan, neither the Participant nor any person claiming under or
through the Participant shall be, or shall have any rights or privileges of, a
stockholder of the Company in respect of any Share issuable pursuant to the RSUs
granted hereunder until such Share has been delivered to the
Participant.

       

      7. Withholding Taxes; Section
83(b) Election.

       

      (a) No Shares
will be delivered pursuant to the vesting of an RSU unless and until the
Participant pays to the Company, or makes provision satisfactory to the Company
for payment of, the amount (with respect to such vesting, the “Withholding
Amount”) of the Company’s minimum statutory withholding obligations with respect
to the income recognized by the Participant upon such vesting, based on minimum
statutory withholding rates for all tax purposes, including payroll and social
security taxes, that are applicable to such income.

       

      (b) The
Participant acknowledges that no election under Section 83(b) of the Code may be
filed with respect to the RSUs.

       

      8. Automatic Sale Upon
Vesting.

       

      (a) Upon any
vesting of RSUs pursuant to Section 2 hereof, the Company may sell, or arrange
for the sale of, such number of the Shares issuable pursuant to such vested RSU
under Section 2 as is sufficient to generate net proceeds to satisfy the
Company’s minimum statutory withholding obligations with respect to the income
recognized by the Participant upon vesting (based on minimum statutory
withholding rates for all tax purposes, including payroll and social security
taxes, that are applicable to such income), and the Company shall retain such
net proceeds in satisfaction of such tax withholding obligations.

       

      (b) The
Participant hereby appoints the Company’s Secretary as his or her
attorney-in-fact to sell the Shares in accordance with this Section
8.  The Participant agrees to execute and deliver such documents,
instruments and certificates as may reasonably be required in connection with
the sale of the Shares pursuant to this Section 8.

       

      (c) It is
understood that the Participant and the Company may agree from time to time,
subject to compliance with applicable laws, to procedures to be implemented, in
lieu of the procedures set forth in paragraphs (a) and (b) of this Section 8, to
fund the Withholding Amount.

       

      9. Provisions of the
Plan.

       

      The RSUs
are subject to the provisions of the Plan, a copy of which is being furnished to
the Participant with this Agreement.

       

      10. Participant’s
Covenants.

       

      For and
in consideration of the delivery of this Agreement, the Participant agrees to
the provisions of this Section 10.

       

      (a) Confidential
Information.  As used in this Agreement, “Confidential
Information” shall mean the Company’s trade secrets and other non-public
proprietary information relating to the Company or the business of the Company,
including information relating to financial statements, customer lists and
identities, potential customers, customer contacts, employee skills and
compensation, employee data, suppliers, acquisition targets, servicing methods,
equipment, programs, strategies and information, analyses, marketing plans and
strategies, profit margins, financial, promotional, marketing, training or
operational information, and other information developed or used by the Company
that is not known generally to the public or the
industry.  Confidential Information shall not include any information
that is in the public domain or becomes known in the public domain through no
wrongful act on the part of the Participant.

       

      (b) Non-Disclosure.  The
Participant agrees that the Confidential Information is a valuable, special and
unique asset of the Company’s business, that such Confidential Information is
important to the Company and the effective operation of the Company’s business,
and that during employment with the Company and at all times thereafter, the
Participant shall not, directly or indirectly, disclose to any competitor or
other person or entity (other than current employees of the Company) any
Confidential Information that the Participant obtains while performing services
for the Company, except as may be required in the Participant’s reasonable
judgment to fulfill his duties hereunder or to comply with any applicable legal
obligation.

       

      (c) Non-Competition;
Non-Solicitation.

       

      
        	
                (i)  

              	
                During
      Participant’s employment with the Company and for the period of six (6)
      months immediately after the termination of Participant’s employment with
      the Company (including any parent, subsidiary, affiliate or division of
      the Company) for any reason whatsoever, and whether voluntary or
      involuntary, Participant shall not invest in (other than in a publicly
      traded company with a maximum investment of no more than 1% of outstanding
      shares), counsel, advise, consult, be employed or otherwise engaged by or
      with any entity or enterprise (“Competitor”) that competes with (A) the
      Company’s business of providing Medicaid managed care services,
      Medicaid-related services, behavioral health, nurse triage or pharmacy
      compliance specialty services or (B) any other business in which, after
      the date of this Agreement, the Company (or any parent, subsidiary,
      affiliate or division of the Company) becomes engaged (or has taken
      substantial steps in which to become engaged) on or prior to the date of
      termination of Participant’s employment. For purposes of paragraph 10,
      Participant agrees that this agreement not to compete applies to any
      Competitor that does business within the state of Missouri or and any
      other state in which Centene does business, and that such geographical
      limitation is reasonable.

              

      

       

      
        	
                (ii)  

              	
                During
      the Participant’s employment with the Company (or any parent, subsidiary,
      affiliate or division of the Company) and for the period of twelve months
      immediately after the termination of the Participant’s employment with the
      Company (or any parent, subsidiary, affiliate or division of the Company)
      for any cause whatsoever, and whether voluntary or involuntary
      (“Restricted Period”), the Participant will not, either directly or
      indirectly, either for himself or for any other person, firm, company or
      corporation, call upon, solicit, divert, or take away, or attempt to
      solicit, divert or take away any of the customers, prospective customers,
      business, vendors or suppliers of the Company that the Participant had
      dealings with, or responsibility for, or as to which the Participant had
      access to confidential information.

              

      

       

      
        	
                (iii)  

              	
                The
      Participant shall not, at any time during the Restricted Period, without
      the prior written consent of the Company, (i) directly or indirectly,
      solicit, recruit or employ (whether as an employee, officer, director,
      agent, consultant or independent contractor) any person who was or is at
      any time during the previous six months an employee, representative,
      officer or director of the Company (or any parent, subsidiary, affiliate
      or division of the Company); or (ii) take any action to encourage or
      induce any employee, representative, officer or director of the Company
      (or any parent, subsidiary, affiliate or division of the Company) to cease
      their relationship with the Company (or any parent, subsidiary, affiliate
      or division of the Company) for any
reason

              

      

       

      
        	
                (iv)  

              	
                This
      Section 10(c) shall not apply if a "Change in Control" (as defined in
      Section 3) occurs under Section 3(ii) thereof, or if such Change in
      Control occurs under Section 3(i) or 3(iii) thereof without the prior
      approval, recommendation or consent of the Board of Directors of the
      Corporation.

              

      

       

      (d) Enforcement.  If
any of the provisions or subparts of this Section 10 shall be held to be invalid
or unenforceable by a court of competent jurisdiction, the remaining provisions
or subparts thereof shall nevertheless continue to be valid and enforceable
according to their terms.  Further, if any restriction contained in
the provisions or subparts of this Section 10 is held to be overbroad or
unreasonable as written, the parties agree that the applicable provision should
be considered to be amended to reflect the maximum period, scope or geographical
area deemed reasonable and enforceable by the court and enforced as
amended.

       

      

      (e) Remedy for
Breach.

       

      (i) Because
the Participant’s services are unique and because the Participant has access to
the Company’s Confidential Information, the parties agree that any breach or
threatened breach of this Section 10 will cause irreparable harm to the Company
and that money damages alone would be an inadequate remedy.  The
parties therefore agree that, in the event of any breach or threatened breach of
this Section 10, and in addition to all other rights and remedies available to
it, the Company may apply to any court of competent jurisdiction for specific
performance and/or injunctive or other relief, without a bond, in order to
enforce or prevent any violations of the provisions of this Section
10.

       

      (ii) The
Participant shall immediately repay to the Company a cash sum in the principal
amount equal to all gross proceeds (before-tax) realized by Participant upon the
sale or other disposition of the Shares occurring at any time during the period
commencing on the date that is three years before the date of termination of the
Participant’s employment with the Company and all Subsidiaries of the Company
and ending on the date of the Participant’s breach or threatened breach of this
Section 10 (the “Refund Period”), together with interest accrued thereon, from
the date of such breach or threatened breach, at the prime rate (compounded
calendar monthly) as published from time to time in The Wall Street Journal,
electronic edition (“Interest”); and

       

      (iii) The
Participant shall repay to the Company a cash sum equal to the fair market value
of all of the Shares transferred by the Participant as a gift or gifts at any
time during the Refund Period, together with Interest, and for which purpose,
“fair market value” shall be the Fair Market Value of one share of Common Stock
on the date such gift occurs.

       

      (iv) The
Participant acknowledges and agrees that nothing contained herein shall be
construed to be an excessive remedy to prohibit the Company from pursuing any
other remedies available to it for such actual or threatened breach, including
the recovery of money damages, proximately caused by the Participant’s breach of
this Section 10.

       

      (f) Survival.  The
provisions of this Section 10 shall survive and continue in full force in
accordance with their terms notwithstanding any forfeiture, termination or
expiration of this Agreement in accordance with its terms or any termination of
the Participant’s employment for any reason (whether voluntary or
involuntary).

       

      11. Miscellaneous.

       

      (a) Severability.  The
invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement,
and each other provision of this Agreement shall be severable and enforceable to
the extent permitted by law.

       

      (b) Waiver.  Any
provision for the benefit of the Company contained in this Agreement may be
waived, either generally or in any particular instance, by the Board of
Directors of the Company.

       

      (c) Binding
Effect.  This Agreement shall be binding upon and inure to the
benefit of the Company and the Participant and their respective heirs,
executors, administrators, legal representatives, successors and assigns,
subject to the restrictions on transfer set forth in Section 5 of this
Agreement.

       

      (d) Notice.  All
notices required or permitted hereunder shall be in writing and deemed
effectively given upon personal delivery or five days after delivery to a United
States Post Office, by registered or certified mail, postage prepaid, addressed
to the other party hereto at the address shown beneath his or its respective
signature to this Agreement, or at such other address or addresses as either
party shall designate to the other in accordance with this paragraph
(d).

       

      (e) Entire
Agreement.  This Agreement and the Plan constitute the entire
agreement between the parties, and supersede all prior agreements and
understandings, relating to the RSUs.

       

      (f) Participant’s
Acknowledgments.  The Participant acknowledges that he or
she:  (i) has read this Agreement; (ii) has been represented in the
preparation, negotiation, and execution of this Agreement by legal counsel of
the Participant’s own choice or has voluntarily declined to seek such counsel;
(iii) understands the terms and consequences of this Agreement; (iv) is
fully aware of the legal and binding effect of this Agreement; and (v)
understands that the law firm of Wilmer Cutler Pickering Hale and Dorr LLP, is
acting as counsel to the Company in connection with the transactions
contemplated by the agreement, and is not acting as counsel for the
Participant.

       

      (g) Unfunded
Rights.  The right of the Participant to receive Common Stock
pursuant to this Agreement is an unfunded and unsecured obligation of the
Company.  The Participant shall have no rights under this Agreement
other than those of an unsecured general creditor of the Company.

       

      (h) Deferral.  Neither
the Company nor the Participant may defer delivery of any Shares issuable under
unvested RSUs except to the extent that such deferral complies with the
provisions of Section 409A of the Code.

       

       

      Remainder
of Page Intentionally Left Blank

       

       

      
        
           

        

        
           

          
          

        

        
           

        

      

       

       

      IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
set forth below.

       

       

      
 

      
        
          	 	CENTENE
      CORPORATION	 	 	 
	 	 	 	 	 	 
	
                   

                	
                  By:
      

                	 	 	 	 
	 	 	Participant’s
      Name	 	 Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}]]