EXIBIT 10.7(iii)
AMENDMENT TWO
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TO
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EMPLOYMENT AGREEMENT
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This AMENDMENT TWO TO EMPLOYMENT AGREEMENT by and between Anthem Insurance
Companies, Inc., an Indiana mutual insurance company (the "Company") and
Xxxxxxxx X. Xxxx (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 July 29, 2000, Section 4(a) is hereby amended by deleting two
hundred twenty-five thousand dollars ($225,000) and inserting in place thereof
three hundred fifty thousand dollars ($350,000), section 4(b) is hereby amended
by deleting sixty percent (60%) and inserting in place thereof seventy percent
(70%), and section 4(c) is hereby amended effective January 1, 2000, seventy
percent (70%) after fifty percent (50%), and
2. 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.
3. 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 TWO TO EMPLOYMENT AGREEMENT effective as of the day and year first
above written.
Xxxxxxxx X. Xxxx Anthem Insurance Companies, Inc.
/s/ Xxxxxxxx X. Xxxx
By: /s/ Xxxxx X. Xxxxxxxxx
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Name: Xxxxx X. Xxxxxxxxx
Title: President and CEO
