EMPLOYMENT AGREEMENT FOR THOMAS
L. TRAN,
AMENDMENT NO. 1
This
Amendment No. 1 to the Employment Agreement for THOMAS L. TRAN
(“Amendment No. 1”) is made, effective as of
March 10, 2009, by and among WELLCARE HEALTH PLANS, INC., a
Delaware corporation (“ WellCare ”),
COMPREHENSIVE HEALTH MANAGEMENT, INC., a Florida corporation (the
“ Corporation ”), and THOMAS L. TRAN, an
individual (“ Executive ”), with respect to the
following facts and circumstances:
WHEREAS, Executive, WellCare and the Corporation previously
entered into an Employment Agreement on July 17, 2008, (the
“ Employment Agreement ”); and
WHEREAS, Executive, WellCare and the Corporation desire to
amend the Employment Agreement regarding the payment of incentive
awards.
NOW, THEREFORE, in consideration of the agreements contained
herein and of such other good and valuable consideration, the
sufficiency of which Executive acknowledges, WellCare, the
Corporation and Executive, intending to be legally bound, agree as
follows:
1. The
first sentence of Section 2.3.2 of the Employment Agreement is
hereby amended to read as follows:
In addition to
the Restricted Stock and the Option, during the Term, Executive
shall b
|