Document:

Prepared by R.R. Donnelley Financial -- 1998 Stock Plan of the Registrant

 Exhibit 10.2 
 EHEALTH, INC. 
 1998 STOCK
PLAN 
 ADOPTED ON DECEMBER 1, 1998 
 AMENDED ON JUNE 8, 2005 

					
	 SECTION 1. ESTABLISHMENT AND PURPOSE.
	  	1
		
	 SECTION 2. ADMINISTRATION.
	  	1
			
		 	 (a) Committees of the Board of Directors.
	  	1
		 	(b) Authority of the Board of Directors.	  	1
		
	 SECTION 3. ELIGIBILITY.
	  	1
			
		 	 (a) General Rule.
	  	1
		 	(b) Ten-Percent Stockholders.	  	1
		
	 SECTION 4. STOCK SUBJECT TO PLAN.
	  	2
			
		 	 (a) Basic Limitation.
	  	2
		 	(b) Additional Shares.	  	2
		
	 SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES.
	  	2
			
		 	 (a) Stock Purchase Agreement.
	  	2
		 	(b) Duration of Offers and Nontransferability of Rights.	  	2
		 	(c) Purchase Price.	  	2
		 	(d) Withholding Taxes.	  	2
		 	(e) Restrictions on Transfer of Shares and Minimum Vesting.	  	3
		 	(f) Accelerated Vesting	  	3
		
	 SECTION 6. TERMS AND CONDITIONS OF OPTIONS.
	  	3
			
		 	 (a) Stock Option Agreement.
	  	3
		 	(b) Number of Shares.	  	3
		 	(c) Exercise Price.	  	3
		 	(d) Withholding Taxes.	  	4
		 	(e) Exercisability.	  	4
		 	(f) Accelerated Exercisability	  	4
		 	(g) Basic Term.	  	4
		 	(h) Nontransferability.	  	4
		 	(i) Termination of Service (Except by Death).	  	4
		 	(j) Leaves of Absence.	  	5
		 	(k) Death of Optionee.	  	5
		 	(l) No Rights as a Stockholder.	  	5
		 	(m) Modification, Extension and Assumption of Options.	  	5
		 	(n) Restrictions on Transfer of Shares and Minimum Vesting.	  	6
		 	(o) Accelerated Vesting	  	6

  

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	 SECTION 7. PAYMENT FOR SHARES.
	  	6
			
		 	 (a) General Rule.
	  	6
		 	(b) Surrender of Stock.	  	6
		 	(c) Services Rendered.	  	7
		 	(d) Promissory Note.	  	7
		 	(e) Exercise/Sale.	  	7
		 	(f) Exercise/Pledge.	  	7
		
	 SECTION 8. ADJUSTMENT OF SHARES.
	  	7
			
		 	 (a) General.
	  	7
		 	(b) Mergers and Consolidations.	  	7
		 	(c) Reservation of Rights.	  	8
		
	 SECTION 9. SECURITIES LAWS REQUIREMENTS.
	  	8
			
		 	 (a) General
	  	8
		 	(b) Financial Reports.	  	8
		
	 SECTION 10. NO RETENTION RIGHTS.
	  	8
		
	 SECTION 11. DURATION AND AMENDMENTS.
	  	9
			
		 	 (a) Term of the Plan.
	  	9
		 	(b) Right to Amend or Terminate the Plan.	  	9
		 	(c) Effect of Amendment or Termination.	  	9
		
	 SECTION 12. DEFINITIONS.
	  	9

  

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 EHEALTH, INC. 1998 STOCK
PLAN 
 SECTION 1. ESTABLISHMENT AND PURPOSE. 
 The purpose of the Plan is to offer selected individuals an opportunity to acquire a proprietary interest in the success of the Company, or to increase such interest, by purchasing Shares of the Company’s Stock.
The Plan provides both for the direct award or sale of Shares and for the grant of Options to purchase Shares. Options granted under the Plan may include Nonstatutory Options as well as ISOs intended to qualify under Section 422 of the Code.

 Capitalized terms are defined in Section 12. 
 SECTION 2. ADMINISTRATION. 
 (a) Committees of the Board of Directors. The Plan may be administered by one or more
Committees. Each Committee shall consist of one or more members of the Board of Directors who have been appointed by the Board of Directors. Each Committee shall have such authority and be responsible for such functions as the Board of Directors has
assigned to it. If no Committee has been appointed, the entire Board of Directors shall administer the Plan. Any reference to the Board of Directors in the Plan shall be construed as a reference to the Committee (if any) to whom the Board of
Directors has assigned a particular function. 
 (b) Authority of the Board of Directors. Subject to the provisions of the Plan, the
Board of Directors shall have full authority and discretion to take any actions it deems necessary or advisable for the administration of the Plan. All decisions, interpretations and other actions of the Board of Directors shall be final and binding
on all Purchasers, all Optionees and all persons deriving their rights from a Purchaser or Optionee. 
 SECTION 3. ELIGIBILITY. 
 (a) General Rule. Only Employees, Outside Directors and Consultants shall be eligible for the grant of Options or the direct award or sale of
Shares. Only Employees shall be eligible for the grant of ISOs. 
 (b) Ten-Percent Stockholders. An individual who owns more than 10%
of the total combined voting power of all classes of outstanding stock of the Company, its Parent or any of its Subsidiaries shall not be eligible for designation as an Optionee or Purchaser unless (i) the Exercise Price is at least 110% of the
Fair Market Value of a Share on the date of grant, (ii) the Purchase Price (if any) is at least 100% of the Fair Market Value of a Share and (iii) in the case of an ISO, such ISO by its terms is not exercisable after the expiration of five
years from the date of grant. For purposes of this Subsection (b), in determining stock ownership, the attribution rules of Section 424(d) of the Code shall be applied. 

 SECTION 4. STOCK SUBJECT TO PLAN. 
 (a) Basic Limitation. Shares offered under the Plan may be authorized but unissued Shares or treasury Shares. The aggregate number of Shares that may be issued under the Plan (upon exercise of Options or other
rights to acquire Shares) shall not exceed 11,514,355 Shares, subject to Subsection (b) below and Section 8(a). All of these Shares may be issued upon the exercise of ISOs. The number of Shares that are subject to Options or other rights
outstanding at any time under the Plan shall not exceed the number of Shares that then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy
the requirements of the Plan. 
 (b) Additional Shares. In the event that any outstanding Option or other right for any reason expires
or is canceled or otherwise terminated, the Shares allocable to the unexercised portion of such Option or other right shall again be available for the purposes of the Plan. In the event that Shares issued under the Plan are reacquired by the
Company, such Shares shall again be available for the purposes of the Plan. 
 SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES. 
 (a) Stock Purchase Agreement. Each award or sale of Shares under the Plan (other than upon exercise of an Option) shall be evidenced by a Stock
Purchase Agreement between the Purchaser and the Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which
the Board of Directors deems appropriate for inclusion in a Stock Purchase Agreement. The provisions of the various Stock Purchase Agreements entered into under the Plan need not be identical. 
 (b) Duration of Offers and Nontransferability of Rights. Any right to acquire Shares under the Plan (other than an Option) shall automatically
expire if not exercised by the Purchaser within 30 days after the grant of such right was communicated to the Purchaser by the Company. Such right shall not be transferable and shall be exercisable only by the Purchaser to whom such right was
granted. 
 (c) Purchase Price. The Purchase Price of Shares to be offered under the Plan shall not be less than 85% of the Fair
Market Value of such Shares, and a higher percentage may be required by Section 3(b). Subject to the preceding sentence, the Purchase Price shall be determined by the Board of Directors at its sole discretion. The Purchase Price shall be
payable in a form described in Section 7. 
 (d) Withholding Taxes. As a condition to the purchase of Shares, the Purchaser shall
make such arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such purchase. 
  

 2 

 (e) Restrictions on Transfer of Shares and Minimum Vesting. Any Shares awarded or sold under the
Plan shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of Directors may determine. Such restrictions shall be set forth in the applicable Stock Purchase
Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. In the case of a Purchaser who is not an officer of the Company, an Outside Director or a Consultant, any right to repurchase the
Purchaser’s Shares at the original Purchase Price (if any) upon termination of the Purchaser’s Service shall lapse at least as rapidly as 20% per year over the five-year period commencing on the date of the award or sale of the
Shares. Any such right may be exercised only within 90 days after the termination of the Purchaser’s Service for cash or for cancellation of indebtedness incurred in purchasing the Shares. 
 (f) Accelerated Vesting. Unless the applicable Stock Purchase Agreement provides otherwise, no vesting shall be accelerated in the event the
Company is subject to a Change in Control before the Purchaser’s Service terminates. Any right to repurchase a Purchaser’s Shares at the original Purchase Price (if any) upon termination of the Purchaser’s Service shall remain in
force. 
 SECTION 6. TERMS AND CONDITIONS OF OPTIONS. 
 (a) Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms and
conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Stock Option Agreement. The provisions of the various Stock
Option Agreements entered into under the Plan need not be identical. 
 (b) Number of Shares. Each Stock Option Agreement shall
specify the number of Shares that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 8. The Stock Option Agreement shall also specify whether the Option is an ISO or a Nonstatutory Option.

 (c) Exercise Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of an ISO shall not be less
than 100% of the Fair Market Value of a Share on the date of grant, and a higher percentage may be required by Section 3(b). The Exercise Price of a Nonstatutory Option shall not be less than 85% of the Fair Market Value of a Share on the date
of grant, and a higher percentage may be required by Section 3(b). Subject to the preceding two sentences, the Exercise Price under any Option shall be determined by the Board of Directors at its sole discretion. The Exercise Price shall be
payable in a form described in Section 7. 
  

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 (d) Withholding Taxes. As a condition to the exercise of an Option, the Optionee shall make such
arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Optionee shall also make such arrangements as the Board
of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. 
 (e) Exercisability. Each Stock Option Agreement shall specify the date when all or any installment of the Option is to become exercisable. In the
case of an Optionee who is not an officer of the Company, an Outside Director or a Consultant, an Option shall become exercisable at least as rapidly as 20% per year over the five-year period commencing on the date of grant. Subject to the
preceding sentence, the exercisability provisions of any Stock Option Agreement shall be determined by the Board of Directors at its sole discretion. 
 (f) Accelerated Exercisability. Unless the applicable Stock Option Agreement provides otherwise, there shall be no acceleration of exercisability. 
 (g) Basic Term. The Stock Option Agreement shall specify the term of the Option. The term shall not exceed 10 years from the date of grant, and a
shorter term may be required by Section 3(b). Subject to the preceding sentence, the Board of Directors at its sole discretion shall determine when an Option is to expire. 
 (h) Nontransferability. No Option shall be transferable by the Optionee other than by beneficiary designation, will or the laws of descent and
distribution. An Option may be exercised during the lifetime of the Optionee only by the Optionee or by the Optionee’s guardian or legal representative. No Option or interest therein may be transferred, assigned, pledged or hypothecated by the
Optionee during the Optionee’s lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar process. 
 (i) Termination of Service (Except by Death). If an Optionee’s Service terminates for any reason other than the Optionee’s death, then the Optionee’s Options shall expire on the earliest of the
following occasions: 
 (i) The expiration date determined pursuant to Subsection (g) above; 
 (ii) The date three months after the termination of the Optionee’s Service for any reason other than Disability, or such later date
as the Board of Directors may determine; or 
 (iii) The date six months after the termination of the Optionee’s Service
by reason of Disability, or such later date as the Board of Directors may determine. 
  

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 The Optionee may exercise all or part of the Optionee’s Options at any time before the expiration of such Options
under the preceding sentence, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the termination) and the underlying Shares had vested before the
Optionee’s Service terminated (or vested as a result of the termination). The balance of such Options shall lapse when the Optionee’s Service terminates. In the event that the Optionee dies after the termination of the Optionee’s
Service but before the expiration of the Optionee’s Options, all or part of such Options may be exercised (prior to expiration) by the executors or administrators of the Optionee’s estate or by any person who has acquired such Options
directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the termination) and
the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the termination). 
 (j) Leaves
of Absence. For purposes of Subsection (i) above, Service shall be deemed to continue while the Optionee is on a bona fide leave of absence, if such leave was approved by the Company in writing and if continued crediting of Service for this
purpose is expressly required by the terms of such leave or by applicable law (as determined by the Company). 
 (k) Death of
Optionee. If an Optionee dies while the Optionee is in Service, then the Optionee’s Options shall expire on the earlier of the following dates: 
 (i) The expiration date determined pursuant to Subsection (g) above; or 
 (ii) The date
12 months after the Optionee’s death. 
 All or part of the Optionee’s Options may be exercised at any time before the expiration of such Options
under the preceding sentence by the executors or administrators of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that
such Options had become exercisable before the Optionee’s death or became exercisable as a result of the death. The balance of such Options shall lapse when the Optionee dies. 
 (l) No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights as a stockholder with respect to any Shares
covered by the Optionee’s Option until such person becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant to the terms of such Option. 
 (m) Modification, Extension and Assumption of Options. Within the limitations of the Plan, the Board of Directors may modify, extend or assume
outstanding Options or may accept the cancellation of outstanding Options (whether 
  

 5 

 granted by the Company or another issuer) in return for the grant of new Options for the same or a different number of
Shares and at the same or a different Exercise Price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair the Optionee’s rights or increase the Optionee’s obligations under such
Option. 
 (n) Restrictions on Transfer of Shares and Minimum Vesting. Any Shares issued upon exercise of an Option shall be subject
to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of Directors may determine. Such restrictions shall be set forth in the applicable Stock Option Agreement and shall
apply in addition to any restrictions that may apply to holders of Shares generally. In the case of an Optionee who is not an officer of the Company, an Outside Director or a Consultant: 
 (i) Any right to repurchase the Optionee’s Shares at the original Exercise Price upon termination of the Optionee’s Service
shall lapse at least as rapidly as 20% per year over the five-year period commencing on the date of the option grant; 
 (ii) Any such right may be exercised only for cash or for cancellation of indebtedness incurred in purchasing the Shares; and 
 (iii) Any such right may be exercised only within 90 days after the later of (A) the termination of the Optionee’s Service or (B) the date of the option exercise. 
 (o) Accelerated Vesting. Unless the applicable Stock Purchase Agreement provides otherwise, no vesting shall be accelerated in the event the
Company is subject to a Change in Control before the Purchaser’s Service terminates. Any right to repurchase a Purchaser’s Shares at the original Purchase Price (if any) upon termination of the Purchaser’s Service shall remain in
force. 
 SECTION 7. PAYMENT FOR SHARES. 
 (a) General Rule. The entire Purchase Price or Exercise Price of Shares issued under the Plan shall be payable in cash or cash equivalents at the time when such Shares are purchased, except as otherwise provided in this
Section 7. 
 (b) Surrender of Stock. To the extent that a Stock Option Agreement so provides, all or any part of the Exercise
Price may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date
when the Option is exercised. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with
respect to the Option for financial reporting purposes. 
  

 6 

 (c) Services Rendered. At the discretion of the Board of Directors, Shares may be awarded under
the Plan in consideration of services rendered to the Company, a Parent or a Subsidiary prior to the award. 
 (d) Promissory Note. To
the extent that a Stock Option Agreement or Stock Purchase Agreement so provides, all or a portion of the Exercise Price or Purchase Price (as the case may be) of Shares issued under the Plan may be paid with a full-recourse promissory note.
However, the par value of the Shares, if newly issued, shall be paid in cash or cash equivalents. The Shares shall be pledged as security for payment of the principal amount of the promissory note and interest thereon. The interest rate payable
under the terms of the promissory note shall not be less than the minimum rate (if any) required to avoid the imputation of additional interest under the Code. Subject to the foregoing, the Board of Directors (at its sole discretion) shall specify
the term, interest rate, amortization requirements (if any) and other provisions of such note. 
 (e) Exercise/Sale. To the extent
that a Stock Option Agreement so provides, and if Stock is publicly traded, payment may be made all or in part by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell
Shares and to deliver all or part of the sales proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes. 
 (f) Exercise/Pledge. To the extent that a Stock Option Agreement so provides, and if Stock is publicly traded, payment may be made all or in part by the delivery (on a form prescribed by the Company) of an irrevocable direction to
pledge Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes. 
 SECTION 8. ADJUSTMENT OF SHARES. 
 (a) General.
In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of
the Stock, a combination or consolidation of the outstanding Stock into a lesser number of Shares, a recapitalization, a spin-off, a reclassification or a similar occurrence, the Board of Directors shall make appropriate adjustments in one or more
of (i) the number of Shares available for future grants under Section 4, (ii) the number of Shares covered by each outstanding Option or (iii) the Exercise Price under each outstanding Option. 
 (b) Mergers and Consolidations. In the event that the Company is a party to a merger or consolidation, outstanding Options shall be subject to the
agreement of merger or consolidation. Such agreement, without the Optionees’ consent, may provide for: 
 (i) The
continuation of such outstanding Options by the Company (if the Company is the surviving corporation); 
  

 7 

 (ii) The assumption of the Plan and such outstanding Options by the surviving corporation
or its parent; 
 (iii) The substitution by the surviving corporation or its parent of options with substantially the same
terms for such outstanding Options; or 
 (iv) The cancellation of such outstanding Options without payment of any
consideration. 
 (c) Reservation of Rights. Except as provided in this Section 8, an Optionee or Purchaser shall have no rights
by reason of (i) any subdivision or consolidation of shares of stock of any class, (ii) the payment of any dividend or (iii) any other increase or decrease in the number of shares of stock of any class. Any issuance by the Company of
shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Option. The grant of
an Option pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate,
sell or transfer all or any part of its business or assets. 
 SECTION 9. SECURITIES LAW REQUIREMENTS. 
 (a) General. Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all
applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other
securities market on which the Company’s securities may then be traded. 
 (b) Financial Reports. The Company each year shall
furnish to Optionees, Purchasers and stockholders who have received Stock under the Plan its balance sheet and income statement, unless such Optionees, Purchasers or stockholders are key Employees whose duties with the Company assure them access to
equivalent information. Such balance sheet and income statement need not be audited. 
 SECTION 10. NO RETENTION RIGHTS. 
 Nothing in the Plan or in any right or Option granted under the Plan shall confer upon the Purchaser or Optionee any right to continue in Service for any
period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining the Purchaser or Optionee) or of the Purchaser or Optionee, which rights are hereby
expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without cause. 
  

 8 

 SECTION 11. DURATION AND AMENDMENTS. 
 (a) Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board of Directors, subject to the approval of the Company’s stockholders. In the event that
the stockholders fail to approve the Plan within 12 months after its adoption by the Board of Directors, any grants of Options or sales or awards of Shares that have already occurred shall be rescinded, and no additional grants, sales or awards
shall be made thereafter under the Plan. The Plan shall terminate automatically 10 years after its adoption by the Board of Directors and may be terminated on any earlier date pursuant to Subsection (b) below. 
 (b) Right to Amend or Terminate the Plan. The Board of Directors may amend, suspend or terminate the Plan at any time and for any reason;
provided, however, that any amendment of the Plan which increases the number of Shares available for issuance under the Plan (except as provided in Section 8), or which materially changes the class of persons who are eligible for the grant of
ISOs, shall be subject to the approval of the Company’s stockholders. Stockholder approval shall not be required for any other amendment of the Plan. 
 (c) Effect of Amendment or Termination. No Shares shall be issued or sold under the Plan after the termination thereof, except upon exercise of an Option granted prior to such termination. The termination of
the Plan, or any amendment thereof, shall not affect any Share previously issued or any Option previously granted under the Plan. 
 SECTION 12.
DEFINITIONS. 
 (a) “Board of Directors” shall mean the Board of Directors of the Company, as constituted from time to
time. 
 (b) “Change in Control” shall mean: 
 (i) The consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if
persons who were not shareholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization 50% or more of the voting power of the outstanding
securities of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity; or 
 (ii) The sale, transfer or other disposition of all or substantially all of the Company’s assets. 
  

 9 

 A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s
incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction. 
 (c) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (d) “Committee” shall mean a committee of the Board of Directors, as described in Section 2(a). 
 (e) “Company” shall mean eHealth, Inc., a Delaware corporation. 
 (f) “Consultant” shall mean a person who performs bona fide services for the Company, a Parent or a Subsidiary as a consultant or
advisor, excluding Employees and Outside Directors. 
 (g) “Disability” shall mean that the Optionee is unable to engage in
any substantial gainful activity by reason of any medically determinable physical or mental impairment. 
 (h) “Employee”
shall mean any individual who is a common-law employee of the Company, a Parent or a Subsidiary. 
 (i) “Exercise Price”
shall mean the amount for which one Share may be purchased upon exercise of an Option, as specified by the Board of Directors in the applicable Stock Option Agreement. 
 (j) “Fair Market Value” shall mean the fair market value of a Share, as determined by the Board of Directors in good faith. Such determination shall be conclusive and binding on all persons.

 (k) “ISO” shall mean an employee incentive stock option described in Section 422(b) of the Code. 
 (l) “Nonstatutory Option” shall mean a stock option not described in Sections 422(b) or 423(b) of the Code. 
 (m) “Option” shall mean an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares. 
 (n) “Optionee” shall mean an individual who holds an Option. 
 (o) “Outside Director” shall mean a member of the Board of Directors who is not an Employee. 
 (p) “Parent” shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each
of the corporations other than the Company owns stock possessing 50% or more of the total combined 
  

 10 

 voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the
status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 
 (q)
“Plan” shall mean this eHealth, Inc. 1998 Stock Plan. 
 (r) “Purchase Price” shall mean the consideration
for which one Share may be acquired under the Plan (other than upon exercise of an Option), as specified by the Board of Directors. 
 (s)
“Purchaser” shall mean an individual to whom the Board of Directors has offered the right to acquire Shares under the Plan (other than upon exercise of an Option). 
 (t) “Service” shall mean service as an Employee, Outside Director or Consultant. 
 (u) “Share” shall mean one share of Stock, as adjusted in accordance with Section 8 (if applicable). 
 (v) “Stock” shall mean the Common Stock of the Company, with a par value of $0.0001 per Share. 
 (w) “Stock Option Agreement” shall mean the agreement between the Company and an Optionee which contains the terms, conditions and
restrictions pertaining to the Optionee’s Option. 
 (x) “Stock Purchase Agreement” shall mean the agreement between
the Company and a Purchaser who acquires Shares under the Plan which contains the terms, conditions and restrictions pertaining to the acquisition of such Shares. 
 (y) “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company, if each of the corporations other than the last corporation in the
unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the
Plan shall be considered a Subsidiary commencing as of such date. 
  

 11Prepared by R.R. Donnelley Financial -- 2004 Stock Plan of eHealth China

 Exhibit 10.3 
 EHEALTH, INC. 
 2004 STOCK
PLAN FOR EHEALTH CHINA 

 TABLE OF CONTENTS 
  

			
	 	  	Page No.
	 SECTION 1. ESTABLISHMENT AND PURPOSE.
	  	1
		
	 SECTION 2. ADMINISTRATION.
	  	1
		
	 (a) Committees of the Board of Directors.
	  	1
	 (b) Authority of the Board of Directors.
	  	1
		
	 SECTION 3. ELIGIBILITY.
	  	1
		
	 (a) General Rule.
	  	1
	 (b) Ten-Percent Stockholders.
	  	1
		
	 SECTION 4. STOCK SUBJECT TO PLAN.
	  	2
		
	 (a) Basic Limitation.
	  	2
	 (b) Additional Shares.
	  	2
		
	 SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES.
	  	2
		
	 (a) Stock Purchase Agreement.
	  	2
	 (b) Duration of Offers and Nontransferability of Rights.
	  	2
	 (c) Purchase Price.
	  	2
	 (d) Withholding Taxes.
	  	3
	 (e) Restrictions on Transfer of Shares and Minimum Vesting.
	  	3
	 (f) Accelerated Vesting
	  	3
		
	 SECTION 6. TERMS AND CONDITIONS OF OPTIONS.
	  	3
		
	 (a) Stock Option Agreement.
	  	3
	 (b) Number of Shares.
	  	3
	 (c) Exercise Price.
	  	3
	 (d) Withholding Taxes.
	  	3
	 (e) Exercisability.
	  	4
	 (f) Accelerated Exercisability
	  	4
	 (g) Basic Term.
	  	4
	 (h) Nontransferability.
	  	4
	 (i) Termination of Service (Except by Death).
	  	4
	 (j) Leaves of Absence.
	  	5
	 (k) Death of Optionee.
	  	5
	 (l) No Rights as a Stockholder.
	  	5
	 (m) Modification, Extension and Assumption of Options.
	  	5
	 (n) Restrictions on Transfer of Shares and Minimum Vesting.
	  	5
	 (o) Accelerated Vesting
	  	6

  

 i 

			
	 SECTION 7. PAYMENT FOR SHARES.
	  	6
		
	 (a) General Rule.
	  	6
	 (b) Surrender of Stock.
	  	6
	 (c) Services Rendered.
	  	6
	 (d) Promissory Note.
	  	6
	 (e) Exercise/Sale.
	  	6
	 (f) Exercise/Pledge.
	  	7
		
	 SECTION 8. ADJUSTMENT OF SHARES.
	  	7
		
	 (a) General.
	  	7
	 (b) Mergers and Consolidations.
	  	7
	 (c) Rights with respect to Stock.
	  	7
	 (d) Reservation of Rights.
	  	8
		
	 SECTION 9. SECURITIES LAWS REQUIREMENTS.
	  	8
		
	 SECTION 10. NO RETENTION RIGHTS.
	  	8
		
	 SECTION 11. DURATION AND AMENDMENTS.
	  	8
		
	 (a) Term of the Plan.
	  	8
	 (b) Right to Amend or Terminate the Plan.
	  	8
	 (c) Effect of Amendment or Termination.
	  	9
		
	 SECTION 12. DEFINITIONS.
	  	9

  

 ii 

 EHEALTH, INC. 2004 STOCK
PLAN FOR EHEALTH CHINA 
 SECTION 1. ESTABLISHMENT AND
PURPOSE. 
 The purpose of the Plan is to offer selected persons an opportunity to acquire a proprietary interest in the success of the
Company, or to increase such interest, by purchasing Shares of the Company’s Stock. The Plan provides both for the direct award or sale of Shares and for the grant of Options to purchase Shares. Options granted under the Plan may include
Nonstatutory Options as well as ISOs intended to qualify under Section 422 of the Code. 
 Capitalized terms are defined in
Section 12. 
 SECTION 2. ADMINISTRATION. 
 (a) Committees of the Board of Directors. The Plan may be administered by one or more Committees. Each Committee shall consist of one or more members of the Board of Directors who have been appointed by the Board of Directors. Each
Committee shall have such authority and be responsible for such functions as the Board of Directors has assigned to it. If no Committee has been appointed, the entire Board of Directors shall administer the Plan. Any reference to the Board of
Directors in the Plan shall be construed as a reference to the Committee (if any) to whom the Board of Directors has assigned a particular function. 
 (b) Authority of the Board of Directors. Subject to the provisions of the Plan, the Board of Directors shall have full authority and discretion to take any actions it deems necessary or advisable for the
administration of the Plan. All decisions, interpretations and other actions of the Board of Directors shall be final and binding on all Purchasers, all Optionees and all persons deriving their rights from a Purchaser or Optionee. 
 SECTION 3. ELIGIBILITY. 
 (a) General Rule.
Only Employees, Outside Directors and Consultants shall be eligible for the grant of Nonstatutory Options or the direct award or sale of Shares. Only Employees shall be eligible for the grant of ISOs. 
 (b) Ten-Percent Stockholders. An individual who owns more than 10% of the total combined voting power of all classes of outstanding stock of the
Company, its Parent or any of its Subsidiaries shall not be eligible for designation as an Optionee or Purchaser unless (i) the Exercise Price is at least 110% of the Fair Market Value of a Share on the date of grant, (ii) the Purchase
Price (if any) is at least 100% of the Fair Market Value of a Share and (iii) in the case of an ISO, such ISO by its terms is not exercisable after the expiration of five years from the date of grant. For purposes of this Subsection (b),
in determining stock ownership, the attribution rules of Section 424(d) of the Code shall be applied. 

 SECTION 4. STOCK SUBJECT TO PLAN. 
 (a) Basic Limitation. Shares offered under the Plan may be authorized but unissued Shares or treasury Shares. The aggregate number of Shares that may be issued under the Plan (upon exercise of Options or other
rights to acquire Shares) shall not exceed 1,600,000 Shares, subject to Subsection (b) below and Section 8(a). All of these Shares may be issued upon the exercise of ISOs. The number of Shares that are subject to Options or other rights
outstanding at any time under the Plan shall not exceed the number of Shares that then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy
the requirements of the Plan. 
 (b) Additional Shares. In the event that any outstanding Option or other right for any reason expires
or is canceled or otherwise terminated, the Shares allocable to the unexercised portion of such Option or other right shall again be available for the purposes of the Plan. In the event that Shares issued under the Plan are reacquired by the Company
pursuant to any forfeiture provision, right of repurchase or right of first refusal, such Shares shall again be available for the purposes of the Plan. 
 SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES. 
 (a) Stock Purchase Agreement. Each award or sale of Shares under
the Plan (other than upon exercise of an Option) shall be evidenced by a Stock Purchase Agreement or Stock Award Agreement between the Purchaser or recipient and the Company. Such award or sale shall be subject to all applicable terms and conditions
of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Stock Purchase Agreement or Stock Award Agreement. The provisions of the
various Stock Purchase Agreements and Stock Award Agreements entered into under the Plan need not be identical. 
 (b) Duration of Offers
and Nontransferability of Rights. Any right to acquire Shares under the Plan (other than an Option) shall automatically expire if not exercised by the Purchaser within 30 days after the grant of such right was communicated to the Purchaser by
the Company. Such right shall not be transferable and shall be exercisable only by the Purchaser to whom such right was granted. 
 (c)
Purchase Price. The Purchase Price of Shares to be offered under the Plan shall not be less than 85% of the Fair Market Value of such Shares, and a higher percentage may be required by Section 3(b). Subject to the preceding sentence, the
Purchase Price shall be determined by the Board of Directors at its sole discretion. The Purchase Price shall be payable in a form described in Section 7. 
  

 2 

 (d) Withholding Taxes. As a condition to the purchase of Shares, the Purchaser shall make such
arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such purchase. 
 (e) Restrictions on Transfer of Shares and Minimum Vesting. Any Shares awarded or sold under the Plan shall be subject to such special forfeiture
conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of Directors may determine. Such restrictions shall be set forth in the applicable Stock Purchase Agreement or Stock Award Agreement and shall
apply in addition to any restrictions that may apply to holders of Shares generally. 
 (f) Accelerated Vesting. Unless the applicable
Stock Purchase Agreement or Stock Award Agreement provides otherwise, no vesting shall be accelerated in the event the Company is subject to a Change in Control before the Purchaser’s Service terminates. Any right to repurchase a
Purchaser’s Shares at the original Purchase Price (if any) or any forfeiture right upon termination of the Purchaser’s Service shall remain in force. 
 SECTION 6. TERMS AND CONDITIONS OF OPTIONS. 
 (a) Stock Option Agreement. Each grant of an Option under the Plan shall
be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the
Plan and which the Board of Directors deems appropriate for inclusion in a Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. 
 (b) Number of Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall provide for the
adjustment of such number in accordance with Section 8. The Stock Option Agreement shall also specify whether the Option is an ISO or a Nonstatutory Option. 
 (c) Exercise Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of an ISO shall not be less than 100% of the Fair Market Value of a Share on the date of grant, and a higher
percentage may be required by Section 3(b). The Exercise Price of a Nonstatutory Option shall not be less than 85% of the Fair Market Value of a Share on the date of grant, and a higher percentage may be required by Section 3(b). Subject
to the preceding two sentences, the Exercise Price under any Option shall be determined by the Board of Directors at its sole discretion. The Exercise Price shall be payable in a form described in Section 7. 
 (d) Withholding Taxes. As a condition to the exercise of an Option, the Optionee shall make such arrangements as the Board of Directors may
require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Optionee shall also make such 
  

 3 

 arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign
withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. 
 (e)
Exercisability. Each Stock Option Agreement shall specify the date when all or any installment of the Option is to become exercisable. No Option shall be exercisable unless the Optionee has delivered an executed copy of the Stock Option
Agreement to the Company. The exercisability provisions of any Stock Option Agreement shall be determined by the Board of Directors at its sole discretion. 
 (f) Accelerated Exercisability. Unless the applicable Stock Option Agreement provides otherwise, there shall be no acceleration of exercisability. 
 (g) Basic Term. The Stock Option Agreement shall specify the term of the Option. The term shall not exceed 10 years from the date of grant, and a
shorter term may be required by Section 3(b). Subject to the preceding sentence, the Board of Directors at its sole discretion shall determine when an Option is to expire. 
 (h) Nontransferability. No Option shall be transferable by the Optionee other than by beneficiary designation, will or the laws of descent and
distribution. An Option may be exercised during the lifetime of the Optionee only by the Optionee or by the Optionee’s guardian or legal representative. No Option or interest therein may be transferred, assigned, pledged or hypothecated by the
Optionee during the Optionee’s lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar process. 
 (i) Termination of Service (Except by Death). If an Optionee’s Service terminates for any reason other than the Optionee’s death, then the Optionee’s Options shall expire on the earliest of the
following occasions: 
 (i) The expiration date determined pursuant to Subsection (g) above; 
 (ii) The date three months after the termination of the Optionee’s Service for any reason other than Disability, or such later date
as the Board of Directors may determine; or 
 (iii) The date six months after the termination of the Optionee’s Service
by reason of Disability, or such later date as the Board of Directors may determine. 
 The Optionee may exercise all or part of the Optionee’s Options
at any time before the expiration of such Options under the preceding sentence, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the termination) and
the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the termination). The balance of such Options shall lapse when the Optionee’s Service terminates. In the event that the Optionee dies after
the termination of the Optionee’s 
  

 4 

 Service but before the expiration of the Optionee’s Options, all or part of such Options may be exercised (prior to
expiration) by the executors or administrators of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had
become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the termination) and the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the termination).

 (j) Leaves of Absence. For purposes of Subsection (i) above, Service shall be deemed to continue while the Optionee is on a
bona fide leave of absence, if such leave was approved by the Company in writing and if continued crediting of Service for this purpose is expressly required by the terms of such leave or by applicable law (as determined by the Company). 

(k) Death of Optionee. If an Optionee dies while the Optionee is in Service, then the Optionee’s Options shall expire on the earlier of
the following dates: 
 (i) The expiration date determined pursuant to Subsection (g) above; or 
 (ii) The date 12 months after the Optionee’s death. 
 All or part of the Optionee’s Options may be exercised at any time before the expiration of such Options under the preceding sentence by the executors or administrators of the Optionee’s estate or by any
person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the Optionee’s death or became exercisable as a result of
the death. The balance of such Options shall lapse when the Optionee dies. 
 (l) No Rights as a Stockholder. An Optionee, or a
transferee of an Optionee, shall have no rights as a stockholder with respect to any Shares covered by the Optionee’s Option until such person becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price
pursuant to the terms of such Option. 
 (m) Modification, Extension and Assumption of Options. Within the limitations of the Plan,
the Board of Directors may modify, extend or assume outstanding Options or may accept the cancellation of outstanding Options (whether granted by the Company or another issuer) in return for the grant of new Options for the same or a different
number of Shares and at the same or a different Exercise Price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair the Optionee’s rights or increase the Optionee’s obligations
under such Option. 
 (n) Restrictions on Transfer of Shares and Minimum Vesting. Any Shares issued upon exercise of an Option shall
be subject to such special forfeiture 
  

 5 

 conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of Directors may
determine. Such restrictions shall be set forth in the applicable Stock Option Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. 
 (o) Accelerated Vesting. Unless the applicable Stock Option Agreement provides otherwise, any right to repurchase an Optionee’s Shares at the
original Exercise Price upon termination of the Purchaser’s Service shall remain in force in the event that the Company is subject to a Change in Control before the Optionee’s Service terminates. 
 SECTION 7. PAYMENT FOR SHARES. 
 (a) General
Rule. The entire Purchase Price or Exercise Price of Shares issued under the Plan shall be payable in cash or cash equivalents at the time when such Shares are purchased, except as otherwise provided in this Section 7. 
 (b) Surrender of Stock. To the extent that a Stock Option Agreement so provides, all or any part of the Exercise Price may be paid by
surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date when the Option is
exercised. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to the
Option for financial reporting purposes. 
 (c) Services Rendered. At the discretion of the Board of Directors, Shares may be awarded
under the Plan in consideration of services rendered to the Company, a Parent or a Subsidiary prior to the award. 
 (d) Promissory
Note. To the extent that a Stock Option Agreement or Stock Purchase Agreement so provides, all or a portion of the Exercise Price or Purchase Price (as the case may be) of Shares issued under the Plan may be paid with a full-recourse promissory
note. However, the par value of the Shares, if newly issued, shall be paid in cash or cash equivalents. The Shares shall be pledged as security for payment of the principal amount of the promissory note and interest thereon. The interest rate
payable under the terms of the promissory note shall not be less than the minimum rate (if any) required to avoid (i) the imputation of additional interest under the Code, and (ii) variable accounting under the applicable guidelines issued
by the Financial Accounting Standards Board. Subject to the foregoing, the Board of Directors (at its sole discretion) shall specify the term, interest rate, amortization requirements (if any) and other provisions of such note. 
 (e) Exercise/Sale. To the extent that a Stock Option Agreement so provides, and if Stock is publicly traded, payment may be made all or in part by
the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company in payment of all or part of the Exercise
Price and any withholding taxes. 
  

 6 

 (f) Exercise/Pledge. To the extent that a Stock Option Agreement so provides, and if Stock is
publicly traded, payment may be made all or in part by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver
all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes. 
 SECTION 8. ADJUSTMENT OF
SHARES. 
 (a) General. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a
declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a combination or consolidation of the outstanding Stock into a lesser number of Shares, a
recapitalization, a spin-off, a reclassification or a similar occurrence, the Board of Directors shall make appropriate adjustments in one or more of (i) the number of Shares available for future grants under Section 4, (ii) the
number of Shares covered by each outstanding Option or (iii) the Exercise Price under each outstanding Option. 
 (b) Mergers and
Consolidations. In the event that the Company is a party to a merger or consolidation, outstanding Options shall be subject to the agreement of merger or consolidation. Such agreement, without the Optionees’ consent, may provide for:

 (i) The continuation of such outstanding Options by the Company (if the Company is the surviving corporation); 

(ii) The assumption of the Plan and such outstanding Options by the surviving corporation or its parent; 
 (iii) The substitution by the surviving corporation or its parent of options with substantially the same terms for such outstanding
Options; or 
 (iv) The cancellation of such outstanding Options without payment of any consideration. 
 (c) Rights with respect to Stock. The Stock that may be acquired under this Plan is defined in Section 12(w) as the Class A Nonvoting
Common Stock of the Company, with a par value of $0.001 per Share. The Company’s Class A Nonvoting Common Stock has exactly the same rights as the Company’s Common Stock, except for the following attributes: 
 (i) Each share of Class A Nonvoting Common Stock shall automatically be converted into one-eighth (0.125) of a fully paid and

  

 7 

 nonassessable share of the Company’s Common Stock upon the earlier of (A) a Qualified IPO or
(B) the date specified by a resolution adopted by the Board of Directors. 
 (ii) Except as otherwise required by law,
the holder of each share of Class A Nonvoting Common Stock will have no right to vote such share on any matters to be voted on by the Company’s stockholders and will not be entitled to notice of any stockholders’ meetings. 

(d) Reservation of Rights. Except as provided in this Section 8, an Optionee or Purchaser shall have no rights by reason of (i) any
subdivision or consolidation of shares of stock of any class, (ii) the payment of any dividend or (iii) any other increase or decrease in the number of shares of stock of any class. Any issuance by the Company of shares of stock of any
class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Option. The grant of an Option pursuant to
the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all
or any part of its business or assets. 
 SECTION 9. SECURITIES LAW REQUIREMENTS. 
 Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of
law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the
Company’s securities may then be traded. 
 SECTION 10. NO RETENTION RIGHTS. 
 Nothing in the Plan or in any right or Option granted under the Plan shall confer upon the Purchaser or Optionee any right to continue in Service for any
period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining the Purchaser or Optionee) or of the Purchaser or Optionee, which rights are hereby
expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without cause. 
 SECTION 11. DURATION AND AMENDMENTS.

 (a) Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board of
Directors, subject to the approval of the Company’s stockholders. In the event that the stockholders fail to approve the Plan within 12 months after its adoption by the Board of Directors, any grants of Options or 
  

 8 

 sales or awards of Shares that have already occurred shall be rescinded, and no additional grants, sales or awards shall
be made thereafter under the Plan. The Plan shall terminate automatically 10 years after its adoption by the Board of Directors and may be terminated on any earlier date pursuant to Subsection (b) below. 
 (b) Right to Amend or Terminate the Plan. The Board of Directors may amend, suspend or terminate the Plan at any time and for any reason;
provided, however, that any amendment of the Plan which increases the number of Shares available for issuance under the Plan (except as provided in Section 8), or which materially changes the class of persons who are eligible for the grant of
ISOs, shall be subject to the approval of the Company’s stockholders. Stockholder approval shall not be required for any other amendment of the Plan. If the stockholders fail to approve an increase in the number of Shares reserved under
Section 4 within 12 months after its adoption by the Board of Directors, then any grants, exercises or sales that have already occurred in reliance on such increase shall be rescinded and no additional grants, exercises or sales shall
thereafter be made in reliance on such increase. 
 (c) Effect of Amendment or Termination. No Shares shall be issued or sold under
the Plan after the termination thereof, except upon exercise of an Option granted prior to such termination. The termination of the Plan, or any amendment thereof, shall not affect any Share previously issued or any Option previously granted under
the Plan. 
 SECTION 12. DEFINITIONS. 
 (a) “Board of Directors” shall mean the Board of Directors of the Company, as constituted from time to time. 
 (b)
“Change in Control” shall mean: 
 (i) The consummation of a merger or consolidation of the Company with or
into another entity or any other corporate reorganization, if persons who were not shareholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other
reorganization 50% or more of the voting power of the outstanding securities of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity; or 
 (ii) The sale, transfer or other disposition of all or substantially all of the Company’s assets. 
 A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that
will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction. 
  

 9 

 (c) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (d) “Committee” shall mean a committee of the Board of Directors, as described in Section 2(a). 
 (e) “Company” shall mean eHealth, Inc., a Delaware corporation. 
 (f) “Consultant” shall mean a person who performs bona fide services for eHealth China, Inc, its Parent or Subsidiary or
eHealthInsurance Services, Inc. as a consultant or advisor, excluding Employees and Outside Directors. 
 (g) “Disability”
shall mean that the Optionee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment. 
 (h) “Employee” shall mean any individual who is a common-law employee of eHealth China, Inc, its Parent or Subsidiary or eHealthInsurance Services, Inc. 
 (i) “Exercise Price” shall mean the amount for which one Share may be purchased upon exercise of an Option, as specified by the Board of
Directors in the applicable Stock Option Agreement. 
 (j) “Fair Market Value” shall mean the fair market value of a Share,
as determined by the Board of Directors in good faith. Such determination shall be conclusive and binding on all persons. 
 (k)
“ISO” shall mean an employee incentive stock option described in Section 422(b) of the Code. 
 (l)
“Nonstatutory Option” shall mean a stock option not described in Sections 422(b) or 423(b) of the Code. 
 (m)
“Option” shall mean an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares. 
 (n)
“Optionee” shall mean an individual who holds an Option. 
 (o) “Outside Director” shall mean a member of
the board of directors of eHealth China, Inc, its Parent or Subsidiary who is not an Employee. 
 (p) “Parent” shall mean
any corporation (other than eHealth China, Inc.) in an unbroken chain of corporations ending with eHealth China, Inc., if each of the corporations other than eHealth China, Inc. owns stock possessing 50% or more of the total combined voting power of
all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 
 (q) “Plan” shall mean this eHealth, Inc. 2004 Stock Plan for eHealth China. 
  

 10 

 (r) “Purchase Price” shall mean the consideration for which one Share may be acquired
under the Plan (other than upon exercise of an Option), as specified by the Board of Directors. 
 (s) “Purchaser” shall
mean an individual to whom the Board of Directors has offered the right to acquire Shares under the Plan (other than upon exercise of an Option). 
 (t) “Qualified IPO” shall mean the Company’s sale of its Common Stock in a firm commitment underwritten public offering pursuant to a registration statement on Form S-1 under the Securities Act of 1933, as amended
(the “Securities Act”), the public offering price of which was not less than 2.5 times the Original Series C Issue Price (as adjusted for any stock splits, stock dividends, recapitalizations or the like) and $30,000,000 in the aggregate.

 (u) “Service” shall mean service as an Employee, Outside Director or Consultant. 
 (v) “Share” shall mean one share of Stock, as adjusted in accordance with Section 8 (if applicable). 
 (w) “Stock” shall mean the Class A Nonvoting Common Stock of the Company, with a par value of $0.001 per Share. 
 (x) “Stock Award Agreement” shall mean the agreement between the Company and a Purchaser or recipient who acquires Shares under the Plan
which contains the terms, conditions and restrictions pertaining to the acquisition of such Shares. 
 (y) “Stock Option
Agreement” shall mean the agreement between the Company and an Optionee which contains the terms, conditions and restrictions pertaining to the Optionee’s Option. 
 (z) “Stock Purchase Agreement” shall mean the agreement between the Company and a Purchaser who acquires Shares under the Plan which
contains the terms, conditions and restrictions pertaining to the acquisition of such Shares. 
 (aa) “Subsidiary” means any
corporation (other than eHealth China, Inc.) in an unbroken chain of corporations beginning with eHealth China, Inc., if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total
combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date.

  

 11

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