0001193125-12-079763 Sample Contracts

AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • February 27th, 2012 • Health Net Inc • Hospital & medical service plans • Delaware

This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of February 7, 2012, by and between Health Net, Inc., a Delaware corporation (the “Company”), with its principal place of business located at 21650 Oxnard Street, Woodland Hills, California 91367, and Juanell Hefner (“Executive”). This Agreement amends and restates the Prior Agreements (as defined below) in their entirety.

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FORM OF PERFORMANCE SHARE AWARD AGREEMENT
Performance Share Award Agreement • February 27th, 2012 • Health Net Inc • Hospital & medical service plans • Delaware

This Performance Share Award Agreement (together with the Notice of Grant of Performance Share Award (the “Grant Notice”) attached hereto and incorporated by reference herein, the “Performance Share Award Agreement”) is made and entered into as of the grant date set forth on the Grant Notice (the “Date of Grant”), by and between Health Net, Inc., a Delaware corporation (the “Company”), and the recipient identified on the Grant Notice, an employee of the Company or a subsidiary of the Company (the “Recipient”).

FORM OF NONQUALIFIED STOCK OPTION AGREEMENT UNDER THE HEALTH NET, INC. AS AMENDED
Nonqualified Stock Option Agreement • February 27th, 2012 • Health Net Inc • Hospital & medical service plans

This agreement (together with the Notice of Grant of Stock Options (the “Grant Notice”) attached hereto and incorporated by reference herein, the “Option Agreement”) is made as of the grant date set forth on the Grant Notice (the “Grant Date”), by and between Health Net, Inc., a Delaware corporation (the “Company”), and the participant identified on the Grant Notice, an employee of the Company or a Subsidiary of the Company (the “Optionee”).

FORM RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • February 27th, 2012 • Health Net Inc • Hospital & medical service plans • Delaware

This Restricted Stock Unit Agreement (together with the Notice of Grant of Restricted Stock Units (the “Grant Notice”) attached hereto and incorporated by reference herein, the “Restricted Stock Unit Agreement”) is made and entered into as of the grant date set forth on the Grant Notice (the “Date of Grant”), by and between Health Net, Inc., a Delaware corporation (the “Company”), and the recipient identified on the Grant Notice, an employee of the Company or a subsidiary of the Company (the “Recipient”).

FORM RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • February 27th, 2012 • Health Net Inc • Hospital & medical service plans • Delaware

This Restricted Stock Agreement (this “Restricted Stock Agreement”) is made and entered into as of [DATE OF GRANT] (the “Date of Grant”), by and between Health Net, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Recipient”).

FORM RESTRICTED STOCK UNIT AGREEMENT FOR NON-EMPLOYEE DIRECTORS UNDER THE 2006 LONG-TERM INCENTIVE PLAN, AS AMENDED
Restricted Stock Unit Agreement • February 27th, 2012 • Health Net Inc • Hospital & medical service plans • Delaware

This Restricted Stock Unit Agreement (the “Restricted Stock Unit Agreement”) is made and entered into as of [DATE] (the “Date of Grant”), by and between Health Net, Inc., a Delaware corporation (the “Company”), and [NAME], a non-employee director of the Company (the “Recipient”).

CONFIDENTIAL ASSET PURCHASE AGREEMENT BETWEEN HEALTH NET LIFE INSURANCE COMPANY AND PENNSYLVANIA LIFE INSURANCE COMPANY Dated as of January 6, 2012
Asset Purchase Agreement • February 27th, 2012 • Health Net Inc • Hospital & medical service plans • New York

This Asset Purchase Agreement (the “Agreement”), dated as of January 6, 2012 (the “Effective Date”), is by and between Health Net Life Insurance Company, a California corporation (“Seller”), and Pennsylvania Life Insurance Company, a Pennsylvania corporation (“Purchaser”). Seller and Purchaser are sometimes referred to herein collectively as the “Parties” and each as a “Party.”

FORM OF NONQUALIFIED STOCK OPTION AGREEMENT FOR NON-EMPLOYEE DIRECTORS UNDER THE HEALTH NET, INC. AS AMENDED
Nonqualified Stock Option Agreement • February 27th, 2012 • Health Net Inc • Hospital & medical service plans

This agreement (the “Option Agreement”) is made as of [DATE] (the “Grant Date”), between Health Net, Inc., a Delaware corporation (the “Company”), and [NAME], a non-employee director of the Company (the “Optionee”).

Amendment Number One to the Trust Under the Health Net, Inc. Deferred Compensation Plan
Trust Amendment • February 27th, 2012 • Health Net Inc • Hospital & medical service plans

This amendment is made and entered into on the date set forth below by and between Health Net, Inc., a Delaware corporation (formerly, Foundation Health Systems, Inc.), and Union Bank of California (the “Trustee”).

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