Document:

Fourth Amendment to the Health Net, Inc. Supplemental Executive Retirement Plan

 Exhibit 10.72 
 FOURTH AMENDMENT 
 TO THE 

HEALTH NET, INC. 401(k) SAVINGS PLAN 
 (As Amended and Restated effective January 1, 2008) 
 WHEREAS,
Health Net, Inc. (the “Company”) heretofore has adopted and maintains the Health Net, Inc. 401(k) Savings Plan (the “Plan”) for the benefit of its eligible employees of the Company and certain of its affiliates; and 

WHEREAS, the Company desires to make certain changes to the Plan to clarify permissible investment transfers, investment elections
and loans and to expand the hardship withdrawal provisions to permit payment of funeral expenses of a domestic partner. 

NOW, THEREFORE, pursuant to the power of amendment contained in Section 15.1 of the Plan, the Plan is hereby amended,
effective as of the dates set forth below: 
 1. Effective as of January 1, 2008, Section 2(12) of the Plan is hereby
amended in its entirety to read as follows: 
 (12) Compensation Committee. The Compensation Committee of
the Board of Directors of the Company. 
 Effective as of January 1, 2008, the phrase “Compensation and
Stock Option Committee” is hereby replaced in all places it appears in the Plan with the phrase “Compensation Committee”. 
 2. Effective as of April 1, 2011, Section 2 of the Plan contained two different definitions in paragraph (13A), “Domestic Partner” and “Distributee.” Effective as of
April 1, 2011, the Plan is hereby amended to provide that paragraph (13A) shall continue to provide the definition of “Distributee” and that a new paragraph (13B) shall be added immediately following paragraph (13A) to
provide the current definition of “Domestic Partner” which reads as follows: 
 (13B) Domestic
Partner. (a) a same sex individual married to a Participant under the state laws applicable to such Participant at the time of such marriage, (b) the civil union of an individual who is the same sex or opposite sex of a Participant
under the state laws applicable to such Participant at the time of such civil union, or (c) a domestic partner who is the same sex or opposite sex of a Participant and, together with the Participant, has registered with a state or local
government’s domestic partnership registry. No Participant may simultaneously have a Spouse and a Domestic Partner. In the event of such a conflict, the Participant will be deemed to have a Spouse and not to have a Domestic Partner to the
extent required by federal law. However, if federal law does not require that the Plan recognize the Spouse only, then the Plan will recognize the person who first entered into a valid relationship with the Participant, provided such relationship
has not been dissolved. 

 3. Effective as of January 1, 2011, Section 7.1(c) of the Plan is hereby amended
in its entirety to read as follows: 
 (c) Change of Investment Election. Except as set forth in
Section 7.2 and this subsection, a Participant may elect to change his or her investment election at such intervals as may be determined by the Committee in the time and the manner prescribed by the Committee (in multiples established by the
Committee from time to time); provided, however, that such intervals shall occur no less frequently than on a quarterly basis. Such change shall be limited to the investment funds then maintained or employed by the Trustee pursuant to
Section 6.2(a). A Participant may change his or her investment election in the time and manner designated by the Committee among the funds maintained pursuant to Section 6.2(a), with respect to (i) contributions and earnings thereon
made on behalf of or by the Participant under Article 4 or Article 5 prior to such change, (ii) to future contributions made pursuant to such Articles, or (iii) both. In no event will a Participant be able to make a transfer into the
Company Stock Fund from the investments funds then maintained pursuant to Section 6.2(a). A Participant may, however, elect to make a transfer from the Company Stock Fund to the investment funds maintained pursuant to Section 6.2(a).

 4. Effective as of April 1, 2011, Section 8.2(c)(1)(H) of the Plan is hereby amended in its entirety to read as
follows: 
 (H) any other payments of expenses incurred under paragraphs (A), (C) or (E) above with
respect to a Domestic Partner which the 401(k) Administrator determines, based on all the relevant facts and circumstances, to be an immediate and heavy financial need under such paragraphs. 

5. Effective as of January 1, 2011, Section 8.3(a) of the Plan is hereby amended in its entirety to read as follows:

 a) Making of Loans. Subject to the restrictions set forth in this Section, the 401(k) Administrator
shall establish a loan program whereby any Participant who is an Employee may request pursuant to procedures established by the 401(k) Administrator, to borrow funds from the Plan. The principal balance of such loan shall be not less than $1,000 and
shall not exceed the lesser of (1) 50 percent (50%) of the aggregate of the Participant’s vested account balances (other than his or her investments in the Company Stock Fund) as of the Valuation Date coinciding with or immediately
preceding the day on which the loan is made, and (2) $50,000, reduced by the excess, if any, of the highest outstanding loan balance of the Participant under all plans maintained by the Employer during the period of time beginning one year and
one day prior to the date such loan is to be made and ending on the date such loan is to be made over the outstanding balance of loans from all such plans on the date on which such loan was made. 

  
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 IN WITNESS WHEREOF, Health Net, Inc. has caused this instrument to be executed by its
duly authorized officer this 8th day of November, 2011. 
  

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

		 	Karin D. Mayhew
		
	Its:	 	 Senior Vice President,

Organization Effectiveness

  
 3Amendment Number One to the Health Net, Inc. Deferred Compensation Plan Trust

 Exhibit 10.49 
 Amendment Number One 
 to the 

Trust Under the Health Net, Inc. Deferred Compensation Plan 

This amendment is made and entered into on the date set forth below by and between Health Net, Inc., a Delaware corporation (formerly,
Foundation Health Systems, Inc.), and Union Bank of California (the “Trustee”). 
 W I T N E S S E T H : 

WHEREAS, Health Net, Inc. (together with its designated affiliates, the “Employer”) maintains the Health Net, Inc. Deferred
Compensation Plan (the “Plan”) pursuant to which the Employer has incurred unfunded deferred compensation liabilities with respect to participants in the Plan; 
 WHEREAS, the Employer is the grantor of a trust (“Trust”) established by the Employer pursuant to an agreement (the “Trust Agreement”) dated as of September 1, 1998 by and between
Foundation Health Systems, Inc. (now known as Health Net, Inc.) and Union Bank of California, N.A. to provide a source of funds for the Employer to satisfy its liabilities under the Plan and other plans listed in Exhibit A to the Trust Agreement;
and 
 WHEREAS, the Employer desires to amend the Trust Agreement to conform to certain changes to the Plan and to make certain
other changes. 
 NOW, THEREFORE, the Trust Agreement is amended as follows: 

1. Section 1.11 of the Trust Agreement is amended in its entirety to read as follows: 

1.11 Funding Upon a Change in Control. After the occurrence of a Change of Control (defined below), at the time
determined by the Board of Directors (the “Board”) of Health Net, Inc. (“HNI”)) in its sole discretion, the Employer shall deposit cash or other property in trust with the Trustee in an amount so that the assets held by the
Trustee pursuant to this Trust Agreement shall be sufficient to satisfy the Employer’s liabilities to participants in the Plans listed in Exhibit A hereto. The Employer shall promptly notify the Trustee of the occurrence of a Change of Control.

 For purposes of this Trust Agreement, a Change in Control shall mean any of
the following events: 
 (a) Approved Transaction. An action of the Board (or if approval of the Board is
not required as a matter of law, the stockholders of HNI) approving: (a) any consolidation or merger of HNI in which HNI is not to be the continuing or surviving corporation or pursuant to which shares of Common Stock are to be converted into
cash, securities or other property, other than a merger of HNI in which the holders of Common Stock, immediately prior to the merger have the same proportionate ownership of common stock of the surviving or resulting parent corporation immediately
after the merger, or (b) any sale, lease, exchange, or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of HNI, or (c) the adoption of any plan or proposal for the
liquidation or dissolution of HNI; 
 (b) Control Purchase. The purchase by any person (as such term is
defined in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), corporation or other entity (other than the Employer or any employee benefit plan sponsored by an Employer) of any Common Stock (or securities convertible into Common Stock) for cash,
securities or any other consideration pursuant to a tender offer or exchange offer, without the prior consent of the Board and, after such purchase, such person shall be the “beneficial owner” (as such term is defined in Rule 13d-3 under
the Exchange Act), directly or indirectly, of securities of HNI representing twenty percent (20%) or more of the combined voting power of the then outstanding securities of HNI ordinarily (and apart from rights accruing under special
circumstances) having the right to vote in the election of directors (calculated as provided in Section (d) of such Rule 13d-3 in the case of rights to acquire HNI’s securities); 

(c) Board Change. A change in the composition of the Board during any period of two consecutive years, such that
individuals who at the beginning of such period constitute the entire Board shall cease for any reason to constitute a majority thereof unless the election, or the nomination for election by HNI’s stockholders, of each new director was approved
by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period; or 

  
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 (d) Other Transactions. The occurrence of such other transactions
involving a significant issuance of voting stock or change in Board composition that the Board determines to be a Change in Control for purposes of the Plan. 
 2. Section 2.2 is amended to add the following sentence at the end thereof: 

After the occurrence of a Change of Control, the Employer shall neither change the Plan’s funding policy nor significantly change the
Plan’s investments without the written consent of a majority of Participants. 
 3. Section 2.3 of the Trust Agreement
is amended in its entirety to read as follows: 
 2.3 Disposition of Trust Assets. During the term of the
Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested. Notwithstanding the previous sentence, if at any time the assets of the Trust exceed 125% of the liabilities of the Plans listed on Exhibit A
(as such exhibit may be amended from time to time), the Employer may direct the Trustee to disburse from the Trust and pay over to the Employer assets of the Trust in excess of 125% of the liabilities of such Plans. The Trustee may conclusively rely
upon the Employer’s certification that an actuary or other third party has determined that the Trust assets exceed 125% of the liabilities of the Plans and the actuary’s or third party’s written statement setting forth the amount of
such excess assets. 
 4. Section 3.2 is amended to replace “Health Net, Inc.” for “Foundation Health
Systems, Inc.” wherever such name appears in such section. 
 5. The second sentence of subsection (d) of
Section 4.2 is amended to read as follows: 
 Except as provided in Sections 2.3 and 4.2(c), at no time prior to the
Employer’s Insolvency, as defined in Article XI, or the satisfaction of all liabilities of the Employer under the Plans listed on Exhibit A (as such exhibit may be amended from time to time) in respect of all Participants having Accounts
hereunder shall any part of the Trust revert to the Employer. 
 6. Section 4.7 is amended by adding the following
subsection (c) at the end thereof: 
 (c) Trustee’s Rights and Duties Upon a Change in Control.
The Trustee shall have no independent duty to determine that a Change in Control has occurred, and the Trustee shall not be required to take any action or refrain from taking any action hereunder which is based on a Change in Control having occurred
prior to the time the Trustee (i) receives written notice from the Employer or a Participant that a Change in Control has occurred and (ii) has had a reasonable opportunity to determine whether a

  
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Change in Control, in fact, has occurred. At the Trustee’s request, the Employer shall furnish such evidence as may be necessary to enable the Trustee to determine whether a Change in
Control has occurred. In taking or refraining from any action under this Trust Agreement, the Trustee may rely on its determination, including an opinion of counsel (who may be counsel to the Employer or the Trustee), that a Change in Control has
occurred. The Trustee’s determination as to whether a Change in Control has occurred shall be binding and conclusive on all persons with respect to this Trust Agreement. 
 7. Section 5.1(a) is amended to replace the phrase “except as otherwise provided in Section 4.2(d) and subsection (b) hereunder” with the phrase “except as otherwise provided
in Sections 2.3, 4.2(c), 4.2(d) and subsection (b) of this section”. 
 8. The second sentence of Section 6.1 is
amended to read as follows: 
 Prior to a Change in Control, the Employer may remove the Trustee upon a thirty (30) day
advance written notice to the Trustee (which notice may be waived by the Trustee), except that the removal shall be null and void if a Change in Control occurs within 30 days of the Trustee’s receipt of such notice. 

9. Section 9.3 is amended in its entirety to read as follows: 

9.3 Payments to the Employer Prior to Termination. No part of the Trust shall revert to the Employer at any time
prior to the earliest of (i) the Employer’s Insolvency, as defined in Article XI, (ii) the satisfaction of all liabilities under the Plans listed on Exhibit A (as such exhibit may be amended from time to time), as described in
Section 9.1, and (iii) the Employer’s request pursuant to Section 2.3 for a distribution of Trust assets to the extent such assets exceed the liabilities of the Plans listed on Exhibit A. 

  
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 IN WITNESS WHEREOF, Health Net, Inc. has caused this amendment to be exercised by its duly
authorized officer this first day of January, 2001. 
  

									
	 UNION BANK OF CALIFORNIA, N.A.
	  		 	HEALTH NET, INC.
	Trustee	  		 	
					
	By:	 	 /s/ Angela Hamilton
	  		 	By:	 	 /s/ Karin D. Mayhew

		 		  		 	Karin D. Mayhew
		 		  		 	SVP, Organization Effectiveness
	By:	 	 /s/ John Fulton

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