Health Net 2011 Annual Report Download - page 295

3. Effective as of January 1, 2011, Section 7.1(c) of the Plan is hereby amended in its entirety to read as follows:
(c) Change of Investment Election. Except as set forth in Section 7.2 and this subsection, a Participant may elect to change
his or her investment election at such intervals as may be determined by the Committee in the time and the manner prescribed by
the Committee (in multiples established by the Committee from time to time); provided, however, that such intervals shall occur
no less frequently than on a quarterly basis. Such change shall be limited to the investment funds then maintained or employed
by the Trustee pursuant to Section 6.2(a). A Participant may change his or her investment election in the time and manner
designated by the Committee among the funds maintained pursuant to Section 6.2(a), with respect to (i) contributions and
earnings thereon made on behalf of or by the Participant under Article 4 or Article 5 prior to such change, (ii) to future
contributions made pursuant to such Articles, or (iii) both. In no event will a Participant be able to make a transfer into the
Company Stock Fund from the investments funds then maintained pursuant to Section 6.2(a). A Participant may, however, elect
to make a transfer from the Company Stock Fund to the investment funds maintained pursuant to Section 6.2(a).
4. Effective as of April 1, 2011, Section 8.2(c)(1)(H) of the Plan is hereby amended in its entirety to read as follows:
(H) any other payments of expenses incurred under paragraphs (A), (C) or (E) above with respect to a Domestic Partner
which the 401(k) Administrator determines, based on all the relevant facts and circumstances, to be an immediate and heavy
financial need under such paragraphs.
5. Effective as of January 1, 2011, Section 8.3(a) of the Plan is hereby amended in its entirety to read as follows:
a) Making of Loans. Subject to the restrictions set forth in this Section, the 401(k) Administrator shall establish a loan
program whereby any Participant who is an Employee may request pursuant to procedures established by the 401(k)
Administrator, to borrow funds from the Plan. The principal balance of such loan shall be not less than $1,000 and shall not
exceed the lesser of (1) 50 percent (50%) of the aggregate of the Participant’s vested account balances (other than his or her
investments in the Company Stock Fund) as of the Valuation Date coinciding with or immediately preceding the day on which
the loan is made, and (2) $50,000, reduced by the excess, if any, of the highest outstanding loan balance of the Participant under
all plans maintained by the Employer during the period of time beginning one year and one day prior to the date such loan is to
be made and ending on the date such loan is to be made over the outstanding balance of loans from all such plans on the date on
which such loan was made.
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