Amendment One to Employment Agreement between Anthem, Inc. and Thomas G. Snead

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between Anthem, Inc. and Thomas G. Snead, Jr., extending the contract's end date to December 31, 2005. It also changes certain payment terms in the event of termination, ensuring Snead receives pay for at least two years or the remainder of the contract term, whichever is longer. All other terms of the original agreement remain unchanged.

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EX-10.24 12 dex1024.htm AMENDMENT ONE TO EMPLOYMENT AGREEMENT - SNEAD, JR. Amendment One to Employment Agreement - Snead, Jr.

EXHIBIT 10.24 (i)

 

AMENDMENT ONE

TO

EMPLOYMENT AGREEMENT

 

Effective January 1, 2003, this AMENDMENT ONE TO EMPLOYMENT AGREEMENT by and between Anthem, Inc., (the “Company) and Thomas G. Snead (the “Executive”) hereby amends the EMPLOYMENT AGREEMENT (the “Agreement”) between the parties dated as of the 27th day of April, 2002, as follows:

 

1.   Section 2 of the Agreement is hereby amended by deleting the termination date and inserting in place thereof the 31st day of December, 2005.

 

2.   Section 11 of the Agreement is hereby amended by deleting from Subsections (a), (d), (e), and (f) the phrase “for the remainder of the Term,” and inserting in the first paragraph after the word “pay” the phrase “, for the greater of two (2) years or the remainder of the Term,”.

 

3.   All other provisions of the Agreement shall remain in full force and effect.

 

IN WITNESS WHEREOF, the Company and the Executive have duly executed this AMENDMENT ONE TO EMPLOYMENT AGREEMENT effective as of the day and year first above written.

 

 

Thomas G. Snead

 

      

Anthem Insurance Companies, Inc.

 

/s/    Thomas G. Snead

      

By:

  

/s/    Larry C. Glasscock

        
       

 

Name: Larry C. Glasscock

 

Title: President and CEO