Health Net 2007 Annual Report Download - page 195

15. Company Policies. Executive’s employment with the Company is subject to the terms and conditions contained in the
Company’s Associate Policy Manual (the “Policy Manual”), the content of which is incorporated by reference herein. Executive shall
be required to read, understand and comply with the policies contained in the Policy Manual.
16. Severability. If any term of this Agreement is held to be invalid, void or unenforceable, the remainder of this Agreement
shall remain in full force and effect and shall in no way be affected and the parties shall use their best efforts to find an alternative
way to achieve the same result.
17. Integrated Agreement. This Agreement supersedes any prior agreements, representations or promises of any kind, whether
written, oral, express or implied between the parties hereto with respect to the subject matters herein. It constitutes the full, complete
and exclusive agreement between Executive and the Company with respect to the subject matters herein. This Agreement cannot be
changed unless in writing, signed by Executive and the Chief Executive Officer of the Company and approved by the Board of
Directors of the Company (or the Committee, if permitted by the Committee’s charter). The Company acknowledges and agrees that
nothing contained herein shall be deemed to supercede, amend or otherwise modify the terms of the Indemnification Agreement dated
January 19, 2005 between Executive and the Company.
18. Waiver. No waiver of any default hereunder shall operate as a waiver of any subsequent default. Failure by either party to
enforce any of the terms or conditions of this Agreement, for any length of time or from time to time, shall not be deemed to waive or
decrease the rights of such party to insist thereafter upon strict performance by the other party.
19. Notices. All notices and communications required or permitted hereunder shall be in writing and shall be deemed given (a) if
delivered personally, (b) one (1) business day after being sent by Federal Express or a similar commercial overnight service, or
(c) three (3) business days after being mailed by registered or certified mail, return receipt requested, prepaid and addressed to the
following addresses, or at such other addresses as the parties may designate by written notice in the manner aforesaid:
20. Governing Law. The interpretation, construction and performance of this Agreement shall be governed by and construed and
enforced in accordance with the internal laws of the State of Delaware without regard to the principle of conflicts of laws. The
invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provisions
of this Agreement, which other provisions shall remain in full force and effect.
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If to the Company: Health Net, Inc.
21650 Oxnard Street, 22nd Floor
Woodland Hills, CA 91367
Attention: General Counsel
If to the Executive:
Stephen Lynch
[ADDRESS]
[ADDRESS]