0000912057-02-041943 Sample Contracts

FORM OF HEALTH NET, INC. NONQUALIFIED STOCK OPTION AGREEMENT FOR TIER 3 OFFICERS
Health Net Inc • November 12th, 2002 • Hospital & medical service plans

Agreement made as of [DATE] (the "Grant Date"), between Health Net, Inc., a Delaware corporation (the "Company"), and [NAME], an employee of the Company or a Subsidiary of the Company (the "Optionee").

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Health Net Letterhead]
Health Net Inc • November 12th, 2002 • Hospital & medical service plans

Reference is made to your current employment letter agreement with Health Net, Inc. (the "Company") dated August 22, 1997 (as amended by a letter agreement dated as of March 2, 2000) (collectively, the "Current Letter Agreement").

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