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UNH » Topics » Severance and Benefits Reductions

This excerpt taken from the UNH DEF 14A filed Apr 30, 2007.

Severance and Benefits Reductions

 

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Eliminated enhanced cash severance payments previously payable in connection with change-in-control transactions for all executive officers so that the cash severance amounts will not increase as a result of a change-in-control transaction.

 

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Capped SERP benefits for Mr. Hemsley at the amount vested and accrued as of May 1, 2006.

 

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Eliminated Company-subsidized post-retirement health insurance for Mr. Hemsley.

 

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Eliminated personal use of corporate aircraft and tax gross-ups previously provided to certain executives in connection with their use of corporate aircraft.

 

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Eliminated perquisites previously provided to Mr. Hemsley other than benefits generally available to all employees and executive officers.

 

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Eliminated all tax gross-ups, including gross-up for change-in-control excise taxes, previously provided to our executive officers.

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