Document:

Amendment No. 1, dated 5/18/09, to the Credit Agreement dated 11/2/07

 Exhibit 10.50 
 AMENDMENT NO. 1 TO 
 CREDIT AGREEMENT 
 THIS AMENDMENT NO. 1 TO CREDIT AGREEMENT (this “Amendment”), dated as of May 18, 2009, is entered into by AMGEN
INC., a Delaware corporation (the “Company”), and the banks party hereto. 
 W I T N E
S S E T H 
 WHEREAS, the Borrower, the financial institutions party thereto, Citicorp
USA, Inc., as Administrative Agent and Barclays Bank PLC, as Syndication Agent, are parties to the Credit Agreement dated as of November 2, 2007 (the “Credit Agreement”); 
 WHEREAS, the Administrative Agent, the Company and Lehman Commercial Paper Inc. have agreed that the Commitment of Lehman Commercial
Paper Inc. as a Lender under the Credit Agreement is to be terminated; and 
 WHEREAS, the Company has requested and, subject
to the conditions hereof, the Majority Banks have agreed to amend the Credit Agreement to reflect the foregoing and to make the other changes set forth herein. 
 NOW, THEREFORE, in consideration of the premises, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 SECTION 1. Definitions; Interpretation. 
 (a) Terms Defined in Credit Agreement. All capitalized terms used in this Amendment (including in the recitals
hereof) and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement, as amended by this Amendment. 
 (b) Interpretation. The rules of interpretation set forth in Article I to the Credit Agreement shall be applicable to this Amendment and are incorporated herein mutatis mutandis by this reference.

 SECTION 2. Amendment to Credit Agreement. The Credit Agreement is hereby amended as follows: 
 (a) The definition of the term “Commitment” in Section 1.01 of the Credit Agreement is hereby
amended to replace the value “$2,500,000,000” with the value “$2,322,500,000” in the first sentence thereof. 
 (b) Section 2.6(a) of the Credit Agreement is hereby amended to replace the value “$300,000,000” with “$278,700,000” in the first sentence thereof. 

 (c) Schedule 2.1 to the Credit Agreement is deleted in its
entirety and replaced with the amended Schedule 2.1 attached hereto as Exhibit A. 
 SECTION 3. Termination
of Commitment of Lehman Commercial Paper Inc. Subject to the requirements of Sections 13.16(a) and (b) of the Credit Agreement, the Commitments of Lehman Commercial Paper Inc. shall be deemed to be terminated as of the
Effective Date and Lehman Commercial Paper Inc. shall cease to be a Lender under the Credit Agreement for all purposes under the Credit Agreement as of the Effective Date; provided that it is agreed that no breakage costs have been or will be
incurred for the purposes of Section 13.16(a); and provided, further, that the obligations of Lehman Commercial Paper Inc. under Section 13.14 and the obligations of the Company under Section 13.12 of the Credit
Agreement shall survive such termination, and any such termination shall not be deemed to be a waiver or release of any claim that the Company, the Administrative Agent, the Issuing Bank or any Lender may have against Lehman Commercial Paper Inc.

 SECTION 4. Effective Date. This Amendment shall become effective as of the date hereof (the “Effective
Date”), upon execution and delivery by the Company, the Administrative Agent, Lehman Commercial Paper Inc. and the Majority Banks (or the Administrative Agent at the direction of the Majority Banks). 
 SECTION 5. Continuing Effect. Except solely with respect to the matters described in Section 2 and
Section 3, this Amendment shall not limit or otherwise adversely affect the rights of the Company, any Borrowers, the Banks and the Administrative Agent under the Credit Agreement. From and after the Effective Date, the Credit Agreement,
as amended hereby, shall remain in full force and effect, without further amendment or modification. 
 SECTION 6.
Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York. 
 SECTION 7. Binding Effect. This Amendment shall be binding upon, inure to the benefit of and be enforceable by the Company, the Banks, and the Administrative Agent and their respective successors and permitted assigns. 
 SECTION 8. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an
original, and all such separate counterparts shall together constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by facsimile or other electronic communication shall be effective as
delivery of a manually executed counterpart of this Amendment. 
 SECTION 9. Further References. On and after the
effective date of this Amendment, (i) each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to
the Credit Agreement, as amended by this Amendment. The Credit Agreement, as amended by this Amendment, is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed. The execution, delivery and
effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Banks under the Credit Agreement or constitute a waiver of any provision of any of the foregoing.Addendum A to Management Incentive Plan

 Exhibit 10.1 
 ADDENDUM A 
 SALE TRANSACTION 
 1. Award of Transaction Bonus. In the event the Company enters into a definitive agreement with a Buyer (as defined below) to sell all or substantially all
of the securities or assets of the Acquired Companies (as defined below), each Participant identified on Schedule 1 hereto shall be entitled to receive such Participant’s Incentive Award at the Target Incentive Level (the
“Transaction Bonus”), provided, that one of the following conditions has been satisfied (each, a “Payment Event”): 
 a. The Transaction Date (as defined below) occurs on or before December 31, 2009, and the Participant remains employed through the Transaction Date; 
 b. The Transaction Date has not occurred as of December 31, 2009, and the Participant remains employed by the Company through December 31,
2009; 
 c. The Participant terminates employment with the Company (other than a termination for “Cause”, as defined in the
Company’s Severance Policy) and accepts employment with the Buyer as part of the sale transaction after the date that the sale agreement is executed (the “Signing Date”) and on or before the Transaction Date; or 
 d. The Participant is terminated by the Company without Cause after the Signing Date and on or before the Transaction Date. 
 2. Payment of Transaction Bonus. Any Transaction Bonus that becomes payable to a Participant under Section 1 shall be paid in a single lump-sum
payment following the date of the Payment Event, as follows: 
 a. With respect to a Payment Event under Section 1(a), within 30 days
following the Transaction Date. 
 b. With respect to a Payment Event under Section 1(b), no later than March 15, 2010. 

c. With respect to a Payment Event under Section 1(c) or 1(d), within 30 days following the date of Participant’s termination of employment
and no later than March 15, 2010. 
 d. In the event the sale is not consummated on or before March 15, 2010, the Transaction Bonus
shall be paid no later than March 15, 2010, provided, that a Payment Event condition under Section 1 has been satisfied as of March 15, 2010. 
  

	3.	Definitions. For purposes of this Addendum, the following terms shall have the following meanings: 

 a. “Acquired Companies” means Health Net of Connecticut, Inc., Health Net of New York, Inc., Health Net Insurance of New York, Inc.,
FOHP, Inc., Health Net of New Jersey, Inc., and Health Net Services (Bermuda) Ltd.. 

 b. “Administrator” means the Compensation Committee of the Board. 
 c. “Buyer” means the person(s) acquiring the securities or assets of the Acquired Companies pursuant to the sale transaction.

 d. “Transaction Date” means the date of the consummation of the sale transaction. 
 4. Additional Terms and Conditions. 
 a. This
Addendum shall be effective upon the Signing Date and shall expire one year from the Signing Date. 
 b. In the event a Participant is
eligible to receive a Transaction Bonus under this Addendum, such Transaction Bonus shall be paid in lieu of any Incentive Award that would otherwise be payable under the Plan with respect to the 2009 Plan Year. 
 c. In the event that a Participant’s employment with the Company is terminated for any reason other than as specified in Section 1, such
Participant shall forfeit all right, title and interest in and to any Transaction Bonus under this Addendum. 
 d. If a Participant is
entitled to a payment of a Transaction Bonus under Section 1 in connection with his or her termination of employment, the Transaction Bonus will be paid to the Participant only if such termination constitutes a “separation from
service,” as defined in Treasury Regulation Section 1.409A-1(h). For purposes of this Addendum, the date of a Participant’s termination of employment shall be the date of such Participant’s “separation from service.”

 e. Each Transaction Bonus payable under this Addendum is intended to satisfy the short-term deferral exemption under Treasury Regulation
Section 1.409A-1(b)(4). To the extent that the Administrator determines that any such payments may not be either compliant with or exempt from Section 409A of the Code and related Department of Treasury guidance, the Administrator may, in
its sole discretion, take such action(s) that it determines are necessary or appropriate to cause the Transaction Bonus to be exempt from, or comply with, Section 409A of the Code and related Department of Treasury guidance. 
 IN WITNESS WHEREOF, this Addendum is adopted effective as of the Signing Date. 
  

			
	HEALTH NET, INC.
		
	By:	 	 /s/ Karin D. Mayhew

	Name:	 	Karin D. Mayhew
	Title:	 	Senior Vice President of Organization Effectiveness

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