United Healthcare 2010 Annual Report Download - page 129

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-4 -
G. Relocation. Executive will be eligible for UnitedHealth Group’s executive level relocation policy, a copy of which will be
provided to Executive. Within 120 days of the Effective Date, Executive will establish and thereafter maintain a
substantive residential presence in Minnesota. Executive agrees to permanently relocate to Minnesota by no later than
Se
p
tember 1, 2011.
3. Term and Termination.
A. Term. This A
g
reement’s term is from the Effective Date until this A
g
reement is terminated under Section 3.B.
B. Termination.
i. By Mutual Agreement. The parties may terminate Executive’s employment and this Agreement at any time by
mutual a
g
reement.
ii. By UnitedHealth Group without Cause. UnitedHealth Group may terminate this Agreement and Executive’s
employment without Cause upon 90 days’ prior written notice, in accordance with the terms of Section 4 of this
A
g
reement.
iii. By UnitedHealth Group with Cause. UnitedHealth Group may terminate this Agreement and Executive’s
employment at any time for Cause. “Cause” means Executive’s (a) material failure to follow UnitedHealth Group’s
reasonable direction or to perform any duties reasonably required on material matters, (b) material violation of, or
failure to act upon or report known or suspected violations of, UnitedHealth Group’s Principles of Integrity and
Compliance, (c) conviction of any felony, (d) commission of any criminal, fraudulent, or dishonest act in connection
with Executive’s employment, (e) material breach of this Agreement, or (f) conduct that is materially detrimental to
UnitedHealth Group’s interests. UnitedHealth Group will, within 120 days of discovery of the conduct, give
Executive written notice specifying the conduct constituting Cause in reasonable detail and Executive will have 60
days to remedy such conduct, if such conduct is reasonably capable of being remedied. In any instance where the
Company may have grounds for Cause, failure by the Company to provide written notice of the grounds for Cause
within 120 days of discovery shall be a waiver of its right to assert the subject conduct as a basis for termination for
Cause.