SEC Contract Filing

Filing Date: 2019-07-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>6
<FILENAME>ex106stockunit.htm
<DESCRIPTION>FORM OF STOCK UNIT AWARD AGREEMENT UNDER 2019 PLAN
<TEXT>
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 <title>Exhibit</title>
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<div><a name="s516438F6B53DC7B8E49C1B20AD210041"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Exhibit 10.6</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">STOCK UNIT AWARD AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:10pt;">Pursuant to a Restricted Stock Unit Award Notice and Agreement or a Performance Stock Unit Award Notice and Agreement (each, an &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Award Notice</font><font style="font-family:Arial;font-size:10pt;">&#8221;), WellCare Health Plans, Inc., a Delaware corporation (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Company</font><font style="font-family:Arial;font-size:10pt;">&#8221;), has granted to Participant named in the Award Notice the number of Restricted Stock Units (&#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">RSUs</font><font style="font-family:Arial;font-size:10pt;">&#8221;) or, RSUs, the vesting of which is conditioned upon the achievement of one or more performance goals (&#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">PSUs</font><font style="font-family:Arial;font-size:10pt;">&#8221;), set forth in the Award Notice, subject to the terms and conditions of the Award Notice and this Stock Unit Award Agreement (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Award Agreement</font><font style="font-family:Arial;font-size:10pt;">&#8221; and together with the Award Notice, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Award Documentation</font><font style="font-family:Arial;font-size:10pt;">&#8221;). RSUs and PSUs are referred to herein as &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Stock Units</font><font style="font-family:Arial;font-size:10pt;">&#8221;. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">The Plan</font><font style="font-family:Arial;font-size:10pt;">. The Stock Units are granted pursuant to the WellCare Health Plans, Inc. 2019 Incentive Compensation Plan (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Plan</font><font style="font-family:Arial;font-size:10pt;">&#8221;), a copy of which has been made available to Participant. The terms and conditions of the Plan are incorporated into this Award Agreement. As a condition to the grant of Stock Units set forth in the Award Notice, Participant agrees to be bound by all of the terms and conditions in the Award Documentation and in the Plan. If and to the extent that the Award Documentation conflicts or is inconsistent with the terms, conditions and provisions of the Plan, the Plan shall control, and the Award Documentation shall be deemed to be modified accordingly.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;padding-right:48px;">2.</font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Definition of Retirement</font><font style="font-family:Arial;font-size:10pt;">. For purposes of the Award Documentation, the following terms shall be defined as set forth below.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Retirement</font><font style="font-family:Arial;font-size:10pt;">&#8221; means the termination of the Participant&#8217;s employment, other than by reason of death, Disability or Cause, provided that the Participant is age 60 or older with at least five years of Recognized Employment with the Company or any Subsidiary at the time of such termination. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div st