Document:

Exhibit107MSUDeferral

Back to Form 8-K
Exhibit 10.7

WELLCARE HEALTH PLANS, INC. 2004 EQUITY INCENTIVE PLAN
MARKET STOCK UNIT AWARD NOTICE AND AGREEMENT

This award is made to the Grantee named below by WellCare Health Plans, Inc., a Delaware corporation (the “Company”).  Subject to the terms and conditions of this Market Stock Unit Award Notice and Agreement, including Appendix A attached hereto and incorporated herein, and the terms and conditions of the Market Stock Unit Award Agreement that is available to you on the Company’s Intranet site and is an integral part of this award (together, the “Award Documentation”), the Company hereby awards under the WellCare Health Plans, Inc. 2004 Equity Incentive Plan (the “Plan”) the market stock units (“MSUs”) described below to Grantee effective as of the Grant Date set forth below.  Capitalized terms used in the Award Documentation that are not defined herein have the meanings attributed to them in the Plan.
		
	1.
	Grantee:                                                           .

		
	2.
	Grant Date:                                                                                                                            .

		
	3.
	Number of MSUs at Target Award:                                  , subject to adjustment as provided in the Award Documentation.

The actual number of MSUs that become eligible for vesting shall be determined by the formula in Appendix A and depends on the performance of the Common Stock on the New York Stock Exchange.
		
	4.
	Vesting Date:                                  , subject to Section 7 below.

		
	5.
	Description of MSUs:  Each MSU constitutes an unfunded and unsecured promise of the Company to deliver one Share to Grantee on the Delivery Date (defined below). 

		
	6.
	Termination of Employment:  Except as set forth in Section 7 below, upon the termination of Grantee’s employment with, or provision of services to, the Company or any of its Subsidiaries (the “Termination Date”) for any reason, any then-unvested MSUs shall be forfeited automatically and become null and void.

		
	7.
	Change in Control:  Any then-unvested MSUs shall become immediately vested if, within twenty-four (24) months following a Change in Control, Grantee’s employment with, or provision of services to, the Company or any of its Subsidiaries is terminated by (i) the Company or a Subsidiary without Cause or (ii) Grantee for Good Reason.

		
	8.
	Delivery Date:  The Shares underlying the number of vested MSUs shall be delivered as soon as practicable and, in any case, within 30 days after the earliest to occur of: (i) [insert date specified in market stock unit election form], (ii) the Termination Date or (iii) a Change in Control that constitutes a “change in control event” within the meaning of Section 409A of the Code and the regulations thereunder.

1

By signing below, Grantee hereby consents and agrees to the electronic delivery of the Award Documentation.  Grantee acknowledges and agrees that (1) the Market Stock Unit Award Agreement, the Plan and the Plan prospectus are available for Grantee’s review on the Company’s Intranet under the Legal Services section, and, upon request, a paper version of each document will be provided to Grantee and (2) Grantee has reviewed and fully understands the Award Documentation, the Plan and the Plan prospectus and agrees to be bound by the terms and conditions of the Plan and the Award Documentation.
	
			
	GRANTEE
	 
	WELLCARE HEALTH PLANS, INC.

	 
	 
	 

	 
	 
	 

	 
	 
	 

	By: ______________________________
	 
	By: ______________________________

	 
	 
	      Name:

	 
	 
	      Title:

2

APPENDIX A
VESTING FORMULA FOR MARKET STOCK UNITS

The number of MSUs eligible to vest shall be calculated as follows (as determined and approved by the Committee):
MSUs eligible to vest = A multiplied by C divided by B
For purposes of the formula set forth above:
A equals the number of MSUs at Target Award. 
B equals the average of the closing price of a Share on the New York Stock Exchange for the last 30 market trading days of the calendar year  immediately preceding the calendar year in which the Grant Date occurs.
C equals the average of the closing price of a Share on the New York Stock Exchange for the last 30 market trading days of the calendar year immediately preceding the calendar year in which the Vesting Date occurs; provided, however, in the event of a Change in Control that occurs prior to the Vesting Date, C equals the price per Share paid in the Change in Control transaction (with the value of any security that is paid as consideration in the Change in Control determined by the Committee).
Maximum Cap.  Notwithstanding the formula set forth above, in the event “C” is more than 200% of “B”, “C” shall be deemed to equal 200% of “B”.
Minimum Floor.  Notwithstanding the formula set forth above, no MSUs will be eligible for vesting if “C” equals less than 50% of “B”.
No Fractional Shares.  In no event will a fractional Share be delivered in connection with a MSU.  Fractional Shares shall be rounded to the nearest whole Share.EX-10.1

Exhibit 10.1

UGI CORPORATION

DESCRIPTION OF ORAL COMPENSATION ARRANGEMENT

FOR

JOHN L. WALSH

Effective April 1, 2013, John L. Walsh will become President and Chief Executive Officer of UGI
Corporation. Mr. Walsh has an oral compensation arrangement with UGI Corporation which includes
the following:

Mr. Walsh:

	 	1.	 	is entitled to an annual base salary of $979,300, effective April 1, 2013 (reflects Mr.
Walsh’s promotion);

	 	2.	 	participates in UGI Corporation’s annual bonus plan, with bonus payable based on the
achievement of pre-approved financial and/or business performance objectives that support
business plans and strategic goals;

	 	3.	 	participates in UGI Corporation’s long-term compensation plans, the 2004 Omnibus Equity
Compensation Plan, as amended, and the 2013 Omnibus Incentive Compensation Plan, with
annual awards as determined by the Compensation and Management Development Committee of the
Board of Directors;

	 	4.	 	will receive cash benefits upon termination of his employment without cause following a
change in control of UGI Corporation pursuant to a Change in Control Agreement; and

	 	5.	 	is eligible to participate in UGI Corporation’s benefit plans, including the Pension
Plan, the Senior Executive Employee Severance Plan, the Supplemental Executive Retirement
Plan, the UGI Savings Plan, the Supplemental Savings Plan, and the 2009 Deferral Plan.FHLB-ATL 2012 10-K EX 10.4

EXHIBIT 10.4

[FHLBank logo]

	
			
	Department:

Corporate Secretary
	Name of Policy:

2013 Directors' Compensation Policy
	Department Policy Number:

1

	Effective Date:

January 1, 2013
	Supersedes Revisions:

July 26, 2012
	Authority to Approve and Amend:

Board of Directors

	Next Review Date:

December 13, 2013
	Department Policy Owner:

Corporate Secretary
	 

This policy is designed to set forth expectations for attendance by members of the board of directors of the Federal Home Loan Bank of Atlanta (Bank) at meetings of the board (including seven scheduled board meetings in 2013) and board committees and to ensure that each director is reasonably compensated for the time required of him or her in the performance of official Bank business.

A.    Director Compensation 

		
	1.
	Effective January 1, 2013, the following annual compensation limits shall apply: 

		
	a)
	Chairman of the Board                             $70,000

		
	b)
	Vice Chairman of the Board                         $65,000

		
	c)
	Chairman of the Audit Committee                     $65,000

		
	d)
	Other Chairmen of Committees (excluding Audit and Executive)     $60,000

		
	e)
	All Other Directors                             $55,000

		
	2.
	Each director shall have the opportunity to be paid an amount equal to approximately one-seventh of such director's annual limit for actual attendance at each scheduled in-person board meeting and board committee meetings, as further described in Section B. The seventh payment opportunity shall be subject to adjustment as further described in Section C.  

		
	3.
	In determining the above director compensation levels, the board has considered compensation practices at other Federal Home Loan Banks and market studies of director compensation.

B.    Attendance

		
	1.
	Each director is strongly encouraged to attend all meetings of the board and board committees on which the director serves, and is expected to attend no less than 75 percent of all such meetings each year. 

		
	2.
	The Bank will pay a fee only for a director's actual attendance at no less than 75 percent of the board meetings (including scheduled board meetings, new director orientation, joint meetings of 

the Affordable Housing Advisory Council and board or committee, board strategy sessions, and board teleconferences) and meetings of each committee of the board (including any ad hoc committee established by the board for a specific purpose) on which the director serves during each interim period, as identified below. In the event two or more committees on which a director serves are scheduled to meet concurrently, only one committee meeting will be required for the purpose of calculating the director's attendance. As ex officio members of all committees, the Chairman and Vice Chairman of the board are encouraged, but not required, to attend committee teleconferences and unscheduled committee meetings (meetings added after the 2013 board and committee meeting schedule is approved by the board).

		
	3.
	The first interim period shall begin on January 1, 2013 and end the day of the first scheduled in-person board meeting for 2013. Each successive interim period shall begin on the calendar day immediately following a scheduled board meeting through and including the day of the next scheduled board meeting, with the seventh interim period ending on December 13, 2013 after the seventh scheduled in-person board meeting, as follows:  

	
			
	Interim Period
	Start Date
	End Date

	 
	 
	 

	First
	January 1, 2013
	January 31, 2013

	Second
	February 1, 2013
	March 21, 2013

	Third
	March 22, 2013
	May 23, 2013

	Fourth
	May 24, 2013
	July 25, 2013

	Fifth
	July 26, 2013
	September 21, 2013

	Sixth
	September 22, 2013
	October 24, 2013

	Seventh
	October 25, 2013
	December 13, 2013

 
The foregoing start and end dates will be adjusted to correspond to any changes in the board meeting schedule. 

		
	4.
	Participation by telephone for in-person meetings is discouraged unless necessary to attain a quorum. The Bank will not pay a separate fee for a director's attendance at meetings other than those described above.

		
	5.
	The Bank will not advance the payment of fees to any director.

C.    Performance

		
	1.
	Compensation paid to directors must reflect the time required of them in the performance of official Bank business. The time required will be measured principally by attendance and participation at board and board committee meetings, as described above, and secondarily by performance of other duties. These other duties include time spent: (a) preparing for board meetings; (b) chairing meetings as appropriate; (c) reviewing materials sent to directors on a periodic basis; (d) attending other related events such as management conferences, FHLBank System meetings, and director training; and (e) fulfilling the responsibilities of directors. 

		
	2.
	After the end of the seventh interim period and before the seventh payment is made, the Governance and Compensation Committee (GCC) shall review the cumulative attendance and performance of each director during 2013 and, in consultation with the Chairman, recommend to the board a reduction, elimination or increase in the final payment opportunity. No increase shall exceed the applicable compensation limit. In the event a director serves on the board for only a portion of a calendar year, the final payment for such director shall be subject to the same cumulative attendance and performance review through the director's final date of service. 

D. Expenses

		
	1.
	In accordance with the Bank's normal reimbursement policy, the Bank will reimburse a director's travel expenses incurred in connection with attendance at any board or board committee meeting, the Council of FHLBanks' directors conference, PricewaterhouseCoopers' audit committee conference, and provided the director is the Bank's designated representative, meetings of the FHLBank Chairs/Vice Chairs and Council of FHLBanks' board of representatives.  Please consult the Bank's Travel and Entertainment Policy for a more detailed explanation regarding expense reimbursement. 

		
	2.
	The Bank will reimburse a director's registration fees and travel expenses incurred in connection with any other meeting, hearing, ceremony, continuing education seminar, etc. only if the Chairman determines that the meeting is relevant to the Bank's business activities or the director's duties as a board member and the director attends the meeting at the request of, or with the approval of, the Chairman. The Vice Chairman shall approve all such fees and expenses for the Chairman. These amounts will be reimbursable to the extent provided for such purpose in the Bank's annual budget and in accordance with the Bank's Travel and Entertainment Policy. The Bank will not pay a fee for a director's participation in these types of activities, and in accordance with 12 CFR Part 1261, the Bank will not reimburse directors for entertainment expenses at these events. 

		
	3.
	The Bank will pay the transportation and other ordinary travel expenses of one guest of a director to attend a board meeting only as specified in advance by the Bank.  It will be the director's responsibility to pay the transportation and other travel expenses of a guest that accompanies such director to any other board meeting.  

		
	4.
	A board member may invite a guest to Bank-sponsored board dinners or receptions held in connection with board meetings at the expense of the Bank, so long as such guest otherwise pays his or her own transportation and travel expenses.

		
	5.
	The Bank will pay for activities of directors and their guests at board meetings only as specified in advance by the Bank.

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