Delaware
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001-32209
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47-0937650
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
incorporation)
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Identification
No.)
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8735
Henderson Road, Renaissance One
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Tampa,
Florida
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33634
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(Address
of principal executive offices)
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(Zip
Code)
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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(a)
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A
lump sum in cash in an amount equal to the sum of (i) Mr. Miller’s earned
but unpaid base salary through the date of Termination (the “Termination
Date”), (ii) the amount of any incentive compensation, deferred
compensation and other cash compensation accrued by Mr. Miller as of the
Termination Date to the extent not previously paid and (iii) any vacation
pay, expense reimbursements and other cash entitlements accrued by Mr.
Miller as of the Termination Date to the extent not previously
paid;
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(b)
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A
lump sum in cash equal to the average of the two highest annual cash
bonuses earned by Mr. Miller for the three prior years, payable on the
one-year anniversary of the Termination
Date;
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(c)
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Continuation
of Mr. Miller’s base salary for a period of one year less any deductions
required by law or authorized by Mr. Miller, payable in equal installments
corresponding to the Company’s regular payroll schedule;
and
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(d)
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For
a period of one year commencing on the Termination Date, reimbursement for
medical and dental premium costs incurred by Mr. Miller under COBRA in the
amount the Company was paying on Mr. Miller’s behalf under its medical and
dental plans prior to the Termination
Date.
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Date: August
3, 2009
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WELLCARE
HEALTH PLANS, INC.
/s/ Heath
Schiesser
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Heath
Schiesser
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President
and Chief Executive Officer
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Exhibit
No.
|
Description
|