WellPoint, Inc. Cash Bonus Agreement with Alice F. Rosenblatt (2008 Administrative Expense Savings)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement between WellPoint, Inc. and Alice F. Rosenblatt outlines a cash bonus opportunity of up to $500,000 for Ms. Rosenblatt, based on achieving a 2008 administrative expense savings goal. The bonus amount will be determined according to a scale developed with the finalization of the savings target and will be prorated based on time worked in 2008. No bonus will be paid if Ms. Rosenblatt voluntarily resigns or is terminated for cause before June 30, 2008. Payment will be made in the first quarter of 2009.

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EX-10.1 2 dex101.htm DESCRIPTION OF AGREEMENT BETWEEN THE COMPANY AND ALICE F. ROSENBLATT Description of Agreement between the Company and Alice F. Rosenblatt

Exhibit 10.1

WellPoint, Inc. – Total Rewards

8/21/07

Alice Rosenblatt

EVP, Integration & Information Management Officer and Chief Actuary

Cash Bonus Opportunity of up to $500,000 - based on achievement of 2008 savings goal for administrative expense management

 

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Scale to be developed in conjunction with administrative expense management target finalization.

 

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Award to be prorated for time worked during 2008, with no award for a voluntary or for Cause termination prior to 6/30/08.

 

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Award to be paid in conjunction with 2008 AIP (Q1 2009).