SEC Contract Filing

Filing Date: 2016-02-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.21
<SEQUENCE>5
<FILENAME>exhibit1021.htm
<DESCRIPTION>FORM OF PERFORMANCE BASED RESTRICTED STOCK UNIT AGREEMENT
<TEXT>
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<a name="s931f0d8d95524a32baf45b379c2bc282"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.21</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">CENTENE CORPORATION</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Restricted Stock Unit Agreement Granted Under</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">2012 Stock Incentive Plan</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">THIS AGREEMENT is entered into by Centene Corporation, a Delaware corporation (hereinafter the &#8220;Company&#8221;), and the undersigned employee of the Company (hereinafter the &#8220;Participant&#8221;).</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Participant renders important services to the Company and acquires access to Confidential Information (as defined below) of the Company in connection with the Participant&#8217;s relationship with the Company; and</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Company desires to align the long-term interests of its valued employees with those of the Company by providing the ownership interest granted herein and to prevent former employees whose interest may become adverse to the Company from maintaining an ownership interest in the Company;</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">NOW, THEREFORE, in consideration of the foregoing and the mutual agreements herein contained, the parties hereto hereby agree as follows:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Grant of RSUs</font><font style="font-family:inherit;font-size:11pt;">.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Agreement evidences the grant by the Company on the Issue Date (or the &#8220;Grant Date&#8221;) to the Participant of restricted stock units (each an &#8220;RSU,&#8221; and collectively the &#8220;RSUs&#8221;) pursuant to the Company&#8217;s 2012 Stock Incentive Plan (the &#8220;Plan&#8221;). Each RSU represents the right to receive one share of the common stock, $.001 par value per share, of the Company (&#8220;Common Stock&#8221;) as provided in this Agreement. The shares of Common Stock that are issuable upon vesting of the RSUs are referred to in this Agreement as &#8220;Shares.&#8221; </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Performance Condition and Vesting</font><font style="font-family:inherit;font-size:11pt;">.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:30px;"><font style="text-align:justify;font-family:inherit;font-size:11pt;padding-right:17px;">(a)</font><font style="font-family:inherit;font-size:11pt;">&#32;The grant of RSU