Retirement Consulting Agreement between Anthem Insurance Companies, Inc. and L. Ben Lytle
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Summary
Anthem Insurance Companies, Inc. and L. Ben Lytle entered into an agreement following Lytle's retirement on April 1, 1999. Under this arrangement, Lytle will be available for up to eight days of consulting per quarter through December 31, 2002, in exchange for $400,000 annually. If Anthem requests more than eight days in any quarter, Lytle will be paid $500 per hour, up to $5,000 per day. This agreement outlines the terms of Lytle's consulting services and compensation during the specified period.
EX-10.13 29 dex1013.txt LETTER TO LYTLE FROM ANTHEM EXHIBIT 10.13 Mr. L. Ben Lytle Grandview Lake 3741 Poplar Drive Columbus, IN 47201 Re: Anthem Insurance Companies, Inc. - L. Ben Lytle Approved Retirement Consulting Arrangement Dear Ben: When you retired from Anthem Insurance Companies, Inc. ("Anthem") effective April 1, 1999, pursuant to an Approved Retirement, the Compensation Committee of the Board of Directors approval payments to you if you agreed to be available for consultation at mutually agreed upon times, up to a maximum of eight (8) days each quarter of the year until December 31, 2002. Since you agreed to make yourself so available, Anthem has paid and is obligated to continue to pay you $400,000 annually for your consultation services through December 31, 2002. In addition, the Compensation Committee approved that in any quarter in which Anthem has requested you to provide more than eight (8) days of consultation, Anthem will pay you $500 per hour, up to a maximum of $5,000 per day. Sincerely, /s/ David R. Frick David R. Frick /jrs