W ELL P OINT , I NC .
EXECUTIVE SEVERANCE PLAN
Executive Severance Plan
Effective January 1, 2006
ESTABLISHMENT, PURPOSE AND INTENT
1.1 Establishment, Purpose and Intent . WellPoint, Inc., an Indiana corporation with its principal place of business in
Indianapolis, Indiana (“ WellPoint ”) hereby establishes this WellPoint, Inc. Executive Severance Plan (“ Plan ”), effective as of
January 1, 2006 (“Effective Date”). The Plan is intended to protect key executive employees of WellPoint and its subsidiaries
and affiliates (collectively, the “ Company ”) against an involuntary loss of employment so as to attract and retain such
employees, and motivate them to enhance the value of the Company. The Plan is intended to be an unfunded welfare plan
subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); or to the extent it is a pension plan
subject to ERISA, as an unfunded pension plan maintained primarily for the purpose of providing deferred compensation to a
select group of management or highly compensated employees. Words and phrases used with initial capitals in the Plan and not
otherwise defined in the Plan have the meanings defined for them in Article 8.
ELIGIBILITY AND PARTICIPATION
2.1 Participation .
(a) Each Executive shall become a Participant (“Participant”) upon mutual execution by the eligible Executive and the
Company of an agreement (an “ Employment Agreement ”) substantially in the form of that attached as Exhibit A . Each
such executed Employment Agreement shall form part of this Plan and is incorporated into this Plan by this reference. As
soon as practicable after the later of the Effective Date or the date that the individual becomes an Executive, the Committee
shall deliver a copy of the Plan to the Executive, advise the Executive of his or her eligibility, and offer him or her for a
period of thirty (30) days the opportunity to enter into an Emplo