FORM OF NONQUALIFIED STOCK OPTION AGREEMENT FOR NON-EMPLOYEE DIRECTORS UNDER THE HEALTH NET, INC. 2006 LONG-TERM INCENTIVE PLANNonqualified Stock Option Agreement • May 15th, 2006 • 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”).
