United Healthcare 2010 Annual Report Download - page 118

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Exhibit 10.12
DEFERRED STOCK UNIT AWARD
Award Number:
THIS CERTIFIES THAT UnitedHealth Group Incorporated (the “Company”) has on the Award Date specified above granted to
«Name»
(“Participant”) an award (the “Award”) to receive that number of deferred stock units (the “Deferred Stock Units”) indicated above in
the box labeled “Number of Units,” each Deferred Stock Unit representing the right to receive one share of UnitedHealth Group
Incorporated Common Stock, $.01 par value per share (the “Common Stock”), subject to certain restrictions and on the terms and
conditions contained in this Award and the UnitedHealth Group Incorporated 2002 Stock Incentive Plan, as amended (the “Plan”). A
copy of the Plan is available upon request. In the event of any conflict between the terms of the Plan and this Award, the terms of the
Plan shall govern. Any terms not defined herein shall have the meaning set forth in the Plan.
* * * * *
1. Rights of the Participant with Respect to the Deferred Stock Units. The Deferred Stock Units granted pursuant to this Award
do not and shall not entitle Participant to any rights of a shareholder of Common Stock. The rights of Participant with respect to the
Deferred Stock Units shall remain forfeitable at all times prior to the date on which such rights vest and the restrictions with respect to
the Deferred Stock Units lapse, in accordance with Section 2. No shares of Common Stock shall be issued to Participant in settlement
of vested Deferred Stock Units prior to the time specified in Section 3.
2. Vesting.
(a) Generally. Subject to the terms and conditions of this Award, 25% of the Deferred Stock Units shall vest, and the restrictions
with respect to the Deferred Stock Units shall lapse, on each of the first, second, third and fourth anniversaries of the Award Date if
Participant continues to serve on the Board of Directors of the Company until the respective vesting dates. If Participant departs from
the Board of Directors for any
Award Date
Number of Units
Final Vesting Date