Document:

Summary of Compensation Arrangements for Directors

 Exhibit 10.21 
 DIRECTOR COMPENSATION TABLE—2006 
  

																
	 Name
	  	Fees
Earned
or Paid
in
Cash ($)1	  	Stock
Awards ($)	  	Option
Awards ($)2-3	  	Non-Equity
Incentive Plan
Compensation
($)	  	Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings ($)	  	All Other
Compensation ($)	  	Total ($)
	 Crawford, Sally W.
	  	$38,250	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	50,280
	 Drumheller, Philip
	  	$38,250	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	50,280
	 Dwight, John K.
	  	$33,250	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	45,280
	 Hutton, Lyn
	  	$40,750	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	52,780
	 Pizzagalli, James C.
	  	$40,750	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	52,780
	 Pomerleau, Ernest A.
	  	$37,000	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	49,030
	 Richards, Mark W.
	  	$38,250	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	50,280
	 Smith, Charles W.
	  	$33,250	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	45,280
	 Spera, Pall D.
	  	$34,500	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	46,530
	 Wells, Owen W.
	  	$35,750	  	N/A	  	12,030	  	N/A	  	N/A	  	$0.00	  	$	47,780

  

	 1
	 Reflects all cash fees earned or paid for services as a director (e.g., retainers, meeting fees). Fifty
percent of all fees are paid in the form of stock. 

  

	 2
	 Option award of 1,500 shares times the Black Scholes valuation of $8.02 per share.

  

	 3
	 At December 31, 2006 there were 200,282 Director stock option awards outstanding.First Amendment to the WellPoint 2006 Incentive Compensation Plan

 Exhibit 10.2(h) 
 FIRST AMENDMENT TO THE WELLPOINT 2006 
 INCENTIVE COMPENSATION PLAN 
 Pursuant to rights reserved under Section 17.1 of the WellPoint 2006 Incentive Compensation Plan (the “Plan”), Sections 4.3 and 17.2
of the Plan are hereby amended and restated, effective as of December 6, 2006, to provide in their entirety as follows: 
 “4.3 Adjustment in Authorized Shares. In the event of any corporate event or transaction (including a change in the Shares or the capitalization of the Company), such as a reclassification, recapitalization, merger,
consolidation, reorganization (whether or not such reorganization comes within the definition of such term in Section 368 of the Code), issuance of warrants or rights, dividend or other distribution (whether in the form of cash, stock or other
property), stock split or reverse stock split, spin-off, split-up, combination or exchange of shares, repurchase of shares, or other like change in corporate structure, partial or complete liquidation of the Company or distribution (other than
normal cash dividends) to shareholders of the Company, or any similar corporate event or transaction, the Committee, in order to prevent dilution or enlargement of Participants’ rights under the Plan, shall substitute or adjust, as applicable,
the number, class and kind of securities which may be delivered under Section 4.1; the number, class and kind, and/or price (such as the Option Price of Options or the Grant Price of SARs) of securities subject to outstanding Awards; the Award
limits set forth in Section 4.2; and other value determinations applicable to outstanding Awards; provided, however that the number of Shares subject to any Award shall always be a whole number. The Committee shall also make appropriate
adjustments and modifications in the terms of any outstanding Awards to reflect or related to any such events, adjustments, substitutions or changes, including modifications of performance goals and changes in the length of Performance Periods,
subject to the requirements of Article XII in the case of Awards intended to qualify as Performance-Based Compensation. Any adjustment, substitution or change pursuant to this Section 4.3 made with respect to an Award intended to be an
Incentive Stock Option shall be made only to the extent consistent with such intent, unless the Committee determines otherwise, and any such adjustment that is made with respect to an Award that provides for Performance-Based Compensation shall be
made consistent with the intent that such Award qualify for the performance-based compensation exception under Section 162(m) of the Code. The Committee shall not make any adjustment pursuant to this Section 4.3 that would cause an Award
that is otherwise exempt from Code Section 409A to become subject to Code Section 409A, or that would cause an Award that is subject to Code Section 409A to fail to satisfy the requirements of Code Section 409A. All
determinations of the Committee as to adjustments or changes under this Section 4.3 shall be conclusive and binding on the Participants.” 

 “17.2 Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring
Events. The Board or the Committee shall make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including the events described in Section 4.3) affecting the
Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles in order to prevent unintended dilution or enlargement of the benefits or potential benefits intended to be made available
under the Plan. Any such adjustment with respect to an Award intended to be an ISO shall be made only to the extent consistent with such intent, unless the Board or the Committee determines otherwise, and any such adjustment that is made with
respect to an Award that is intended to qualify as Performance-Based Compensation shall be made consistent with the intent that such Award qualify for the performance-based compensation exception under Code Section 162(m) (or any successor
provision). Additionally, neither the Board nor the Committee shall not make any adjustment pursuant to this Article XVII that would cause an Award that is otherwise exempt from Code Section 409A to become subject to Code Section 409A, or
that would cause an Award that is subject to Code Section 409A to fail to satisfy the requirements of Code Section 409A. The determination of the Committee as to the foregoing adjustments shall be conclusive and binding on Participants
under the Plan.”First Amendment to the WellPoint Board of Directors' Deferred Compensation Plan

 Exhibit 10.10(a) 
 FIRST AMENDMENT TO THE 
 WELLPOINT BOARD OF DIRECTORS’ 
 DEFERRED COMPENSATION PLAN 
  

 Pursuant to rights reserved under Section 1.09 of the WellPoint Board of Directors’ Deferred Compensation Plan, as amended
and restated effective January 1, 2005 (the “Plan”), WellPoint, Inc. (the “Company”) hereby amends the Plan, effective January 1, 2006, as follows: 
 Section 1.09 of the Plan is hereby amended in its entirety as follows: 
 Section 1.09 Interest Rate. The term “Interest Rate” means the annual rate of return credited to amounts held in the Participant’s Cash Participation Account. The rate shall change
each January 1. The rate shall be equal to the average of the monthly average rates of the 10-year United States Treasury Notes for the twelve (12) months ending on September 30 immediately preceding such January 1 plus one
hundred and fifty (150) basis points, but not to exceed one hundred twenty percent (120%) of the applicable federal long-term rate, with compounding (as prescribed under Section 1274(d) of the Code); provided, however,
that the Company reserves the right to change the method of determining or to increase or decrease the Interest Rate which is credited to a Participant’s Cash Participation Account as long as the Interest Rate shall not be decreased for periods
prior to such action. 
 IN WITNESS WHEREOF, this First Amendment to the Plan has been executed this 7th day of December, 2006. 

 

	
	 WellPoint, Inc.

	
	 /s/ Larry C. Glasscock

	 Larry C. Glasscock

	 President and Chief Executive OfficerAmendment One to Employment Agreement between the Company and Michael A. Stocker

 Exhibit 10.26(a) 
 AMENDMENT ONE TO 
 EMPLOYMENT AGREEMENT 
 This AMENDMENT ONE TO EMPLOYMENT AGREEMENT (“Amendment”) is by and between WellPoint, Inc., an Indiana corporation
(“WellPoint”) with its headquarters and principal place of business in Indianapolis, Indiana (WellPoint, together with its subsidiaries and affiliates are collectively referred to herein as the “Company”), and
Dr. Michael A. Stocker (“Executive”). 
 W I T N E S S E
T H 
 WHEREAS, Executive currently serves as an Executive Vice President of WellPoint and President and Chief
Executive Officer of WellPoint’s East Region pursuant to an employment agreement between WellPoint and the Executive dated December 28, 2005 (the “Prior Agreement”); 
 WHEREAS, the Company and Executive mutually desire to amend certain provisions of the Prior Agreement; 
 WHEREAS, the Company desires to retain the services and employment of Executive on behalf of the Company through May 1, 2007, and Executive
desires to continue his employment with the Company through May 1, 2007, upon the terms and conditions hereinafter set forth. 
 NOW
THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 1. Effective November 1, 2006, Section 1 of the Prior Agreement is hereby deleted in its entirety and the following inserted in its place:

 POSITION/DUTIES. During the period beginning on November 1, 2006 and ending on December 31, 2006, the Executive shall
assist with the effort to realign the Company into enterprise-wide business units for each market segment and to centralize certain regional functions (the “Transition”). During the period beginning on January 1, 2007 and ending on
May 1, 2007, the Executive shall remain employed by the Company, consulting on issues relating to the Transition. The Executive’s employment with the Company shall terminate on May 1, 2007. 
 2. Effective November 1, 2006, Section 3 of the Prior Agreement is hereby deleted in its entirety and the following inserted in its place:

 BASE SALARY. Through May 1, 2007, the Company agrees to pay Executive a base salary at an annual rate of $680,000, payable
bi-weekly in accordance with the Company’s regular payroll practices. 
 3. Effective January 1, 2007, Section 4 of the Prior
Agreement is hereby amended by adding the following paragraph: 
 Notwithstanding the foregoing paragraph, for plan year 2007, the Executive
will not participate in the Annual Incentive Plan or any other annual bonus plan available to executives of the Company. In addition, the Executive will not receive an equity grant in calendar year 2007. The Executive will, pursuant to the terms of
the annual bonus plan and the terms of the foregoing paragraph, receive a payout for plan year 2006 in the first quarter of 2007. 

 4. Effective January 1, 2007, Section 6 of the Prior Agreement is hereby deleted in its
entirety and the following inserted in its place: 
 BENEFITS. During the Employment Period, the Executive will continue to participate
in the WellChoice (or be entitled to participate in the Company’s) medical, dental, hospitalization and life insurance plans and other benefit plans at a level that is, in the aggregate, no less favorable than the lesser of (a) that
provided to the Executive at the Effective Time and (b) that provided to the Company’s similarly situated employees. The Executive will not participate in any Company executive perquisite benefit program nor will he be eligible to charter
a private airplane in lieu of traveling via the method of travel permitted by the Company’s standard business travel policy. 
 5.
Effective November 1, 2006, subsections 10(d), (e) and (f) of the Prior Agreement are hereby deleted in their entirety. 
 6.
Effective May 1, 2007, Section 11 of the Prior Agreement is hereby deleted in its entirety and the following inserted in its place: 
 CONSEQUENCES OF TERMINATION. In lieu of the continuation of medical, dental, hospitalization plans, programs and/or arrangements and in lieu of participation in the WellChoice and/or WellPoint retiree medical benefit plan for the
Executive and his eligible dependents as stated in Section 11 of the Prior Agreement, the Company shall make a one-time lump-sum cash payment to the Executive of $99,000, fully grossed-up for taxes (approximately $176,703), such payment to be
made on November 1, 2007. 
 7. All other provisions of the Prior Agreement shall remain in full force and effect. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the dates noted below. 
  

							
	WELLPOINT, INC.	    	MICHAEL A. STOCKER, M.D.
				
	By:	 	 /s/ Randy Brown
	    	By:	  	 /s/ Michael Stocker

	Name:	 	Randy Brown	    		  	
	Its:	 	EVP & Chief Human Resources Officer	    	Date:	  	11/1/06
				
	Date:	 	11/3/06	    		  	

  

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