Amendment Three to Employment Agreement between Anthem Insurance Companies, Inc. and Marjorie W. Dorr

Summary

This amendment updates the employment agreement between Anthem Insurance Companies, Inc. and Marjorie W. Dorr. It extends the agreement's term to December 31, 2003, increases the executive's base salary to $400,000, and adjusts bonus percentages. It also clarifies that if Ms. Dorr is assigned to a new position outside the North Haven, Connecticut area, certain provisions will apply unless the new role is comparable or greater in responsibility. All other terms of the original agreement remain unchanged.

EX-10.7(IV) 18 dex107iv.txt AMENDMENT THREE TO EMPLOYMENT AGREEMENT WITH DORR EXHIBIT 10.7(iv) AMENDMENT THREE --------------- TO -- EMPLOYMENT AGREEMENT -------------------- This AMENDMENT THREE TO EMPLOYMENT AGREEMENT by and between Anthem Insurance Companies, Inc., an Indiana mutual insurance company (the "Company") and Marjorie W. Dorr (the "Executive") hereby amends the EMPLOYMENT AGREEMENT (the "Agreement") between the parties dated as of the 1st day of January, 1999, as follows: 1. Effective January 1, 2001, Section 2 is hereby amended by deleting the termination date and inserting in place thereof the 31st of December 2003. 2. Effective January 1, 2001, Section 4(a) is hereby amended by deleting two hundred twenty-five thousand dollars ($225,000) and inserting in place thereof four hundred thousand dollars ($400,000); Section 4(b) is hereby amended by deleting sixty percent (60%) and inserting in place thereof eighty percent (80%); and Section 4(c) is hereby amended by inserting effective January 1, 2000, seventy percent (70%) after fifty percent (50%). 3. Effective July 29, 2000, Section 10 is hereby amended by inserting after employment the following" "; provided, however, if the Executive terminates this Agreement because the Company has assigned her to a new position outside of the greater North Haven, Connecticut area, then the provisions of Section 11 shall govern instead of this Section unless the employment duties in the new position are comparable to or greater than those employment duties assigned to the Executive as of July 29, 2000. 4. 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 THREE TO EMPLOYMENT AGREEMENT effective as of the days and years above written. Marjorie W. Dorr Anthem Insurance Companies, Inc. /s/ Marjorie W. Dorr _______________________ By: /s/ Larry C. Glasscock ----------------------------- Name: Larry C. Glasscock Title: President and CEO