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Exhibit
10.1
May 27, 2008
Mark L. Boxer
35 Partridge Landing
Glastonbury, CT 06033
Dear Mark:
As a follow-up to your
previous conversations with Angela Braly and the simultaneous
receipt of your resignation, this letter agreement
(“Agreement”) confirms the terms and conditions of your
employment with WellPoint, Inc. (together with its subsidiaries and
affiliates, collectively referred to herein as the
“Company”), from the date of this Agreement until
November 3, 2008.
Effective July 1, 2008,
you are resigning as Executive Vice President of the Company. You
shall remain employed by the Company through November 3, 2008
and will assist with the transition of your former duties between
July 1, 2008 and November 3, 2008. During this time, you
will use all of your accrued paid time off days (“PTO”)
so that no PTO days remain upon your termination on
November 3, 2008.
Through November 1,
2008, the Company agrees to pay you a base salary at no less than
your current annual rate of $736,625, payable bi-weekly in
accordance with the Company’s regular payroll practices. In
addition, through November 3, 2008, you will conti
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