EXHIBIT 10.2
AMENDMENT NO. 1 TO
THE
AMENDED AND RESTATED EMPLOYMENT
AGREEMENT
This amendment (the “
Amendment ”) to the Amended and Restated Employment
Agreement by and between Health Net, Inc. (the “
Company ”) and John Sivori (the “
Executive ”), dated as of February 17, 2009 (the
“ Agreement ”) is hereby made and entered into
on March 20, 2009, by and between the Company and the
Executive, and is effective as of February 17,
2009.
WHEREAS, the Company and the Executive entered into the
Agreement which was amended and restated on February 17, 2009;
and
WHEREAS , the Executive was entitled to receive an
automobile allowance under the prior Employment Letter Agreement by
and between the Company and the Executive, dated October 9,
2001; and
WHEREAS , the Company desires to continue to provide the
automobile allowance to the Executive under the Agreement in
accordance with the revised terms and conditions as set forth in
this Amendment.
NOW, THEREFORE
, in consideration of the mutual
covenants and agreements of the parties set forth in this
Amendment, and other good and valuable consideration, the parties
hereto, intending to be legally bound, agree as follows:
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1.
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Section 6
of the Agreement is hereby amended to add the following new
Section 6(G):
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“G. Automobile
Allowa
