Common use of Succession and Transfer Clause in Contracts

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX X. XXXXXXX /S/ XXXXXX X. XXXXXXXXX XXXX X. XXXXXXX XXXXXX X. XXXXXXXXX CHAIRMAN OF THE BOARD, PRESIDENT AND CHIEF EXECUTIVE OFFICER EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx, Xxxxx 000 Attention: Xxxxxxxx X. Xxxxxxxxx, Senior Vice President and Secretary Dear Sir: On __________________, 199__, I was granted an option under the 1996 Stock Incentive Plan of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 per Share: $ _______________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ _______________________ Total (payable by certified or bank check only) $ _______________________ Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, __________________________________ (Participant)

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX X. XXXXXXX /S/ XXXXXX X. XXXXXXXXX XXXX X. XXXXXXX XXXXXX X. XXXXXXXXX CHAIRMAN OF THE BOARD, PRESIDENT AND CHIEF EXECUTIVE OFFICER EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx, Xxxxx 000 Attention: Xxxxxxxx X. Xxxxxxxxx, Senior Vice President and Secretary Dear Sir: On __________________________ , 199__, I was granted an option under the 1996 Stock Incentive Plan of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ___________________________ Shares @ $2.75 per Share: $ _______$________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ _______$________________ Total (payable by certified or bank check only) $ _______________________ ================ Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, __________________________________ (Participant)) Name (Please Print): _________________________________ Address: _________________________________ _________________________________ _________________________________ Area Code & Tel. No.: _________________________________ Social Security No.: _________________________________

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX X. XXXXXXX DAVID T. CHASE /S/ XXXXXX X. XXXXXXXXX XXXX X. XXXXXXX XXXXXX X. XXXXXXXXX THOMAS H.FRIEDBERG DAVID T. CHASX THOMAS H. FRIXXXXXX CHAIRMAN OF THE BOARDXXX XXXXX, PRESIDENT XXXXXXXXT AND CHIEF EXECUTIVE OFFICER EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx475 Metro Place North, Xxxxx 000 Suite 100 Attention: Xxxxxxxx X. XxxxxxxxxNicholas Z. Alexander, Senior Vice President and Secretary Xxxxxx Xxxx Xxxxxxxxx xxx Xxxxxxary Dear SirSix: On Xx ________________________________ , 199__, I was granted an option under the 1996 Stock Incentive Plan of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of ______________________________ shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 per Share: $ _$______________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ _$______________________ Total (payable by certified or bank check only) $ _$______________________ Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, ___________________________________ (Participant)) _______________________________________ (Participant) Name (Please Print): _______________________________________ Address: _______________________________________ _______________________________________ Area Code & Tel. No.: _______________________________________ Social Security No.: _______________________________________

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX /s/ Xxxx X. XXXXXXX /S/ XXXXXX Xxxxxxx /s/ Xxxxxx X. XXXXXXXXX XXXX Xxxxxxxxx ------------------------- -------------------------------- Xxxx X. XXXXXXX XXXXXX Xxxxxxx Xxxxxx X. XXXXXXXXX CHAIRMAN OF THE BOARDXxxxxxxxx Chairman of the Board, PRESIDENT AND CHIEF EXECUTIVE OFFICER President And Chief Executive Officer EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx, Xxxxx 000 Xxxxxx, Xxxx 00000 Attention: Xxxxxxxx X. Xxxxxxxxx, Senior Vice President and Secretary Dear Sir: On __________________June 16, 199__1998, I was granted an option under the 1996 Stock Incentive Plan Plan, as amended, of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ 10,000 shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 3.21875 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 3.21875 per Share: $ ______$_________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ ______Corporation: $_________________ Total (payable by certified or bank check only) $ _______________________ ================= Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, __________________________________ (Participant)

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX X. XXXXXXX DAVID T. CHASE /S/ XXXXXX X. XXXXXXXXX XXXX X. XXXXXXX XXXXXX X. THOMAS H. FRIEDBERG DAVID T. CXXXX THOMAS H. XXXXXXXXX CHAIRMAN OF THE BOARDOX XXX XXXXX, PRESIDENT XXXXXXENT AND CHIEF EXECUTIVE OFFICER EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx475 Metro Place North, Xxxxx 000 Suite 100 Attention: Xxxxxxxx X. XxxxxxxxxNicholas Z. Alexander, Senior Vice President and Secretary Xxxxxx Xxxx Xxxxxxxxx xxx Xxxxetary Dear SirXxx: On Xx _________________________, 199__, I was granted an option under the 1996 Stock Incentive Plan of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 per Share: $ _____$__________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ _____$__________________ Total (payable by certified or bank check only) $ _____$__________________ Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, ___________________________________ (Participant)) Name (Please Print): ___________________________________ Address: ___________________________________ ___________________________________ ___________________________________ Area Code & Tel. No.: ___________________________________ Social Security No.: ___________________________________

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX Xxxxx X. XXXXXXX /S/ XXXXXX Xxxxx /s/ Xxxxxx X. XXXXXXXXX XXXX Xxxxxxxxx --------------------- -------------------------------- Xxxxx X. XXXXXXX XXXXXX Xxxxx Xxxxxx X. XXXXXXXXX CHAIRMAN OF THE BOARDXxxxxxxxx Chairman of the Board, PRESIDENT AND CHIEF EXECUTIVE OFFICER President And Chief Executive Officer EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx, Xxxxx 000 Xxxxxx, Xxxx 00000 Attention: Xxxxxxxx X. Xxxxxxxxx, Senior Vice President and Secretary Dear Sir: On __________________June 16, 199__1998, I was granted an option under the 1996 Stock Incentive Plan Plan, as amended, of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ 10,000 shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 3.21875 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 3.21875 per Share: $ ______$_________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ ______Corporation: $_________________ Total (payable by certified or bank check only) $ _______________________ ================= Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, _____________________________ (Participant) Name (Please Print): _________________________________________ (Participant)Address: _________________________________________ _________________________________________ Area Code & Tel. No.: _________________________________________ Social Security No.: _________________________________________

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX XXXXX X. XXXXXXX XXXXX /S/ XXXXXX X. XXXXXXXXX XXXX XXXXX X. XXXXXXX XXXXX XXXXXX X. XXXXXXXXX CHAIRMAN OF THE BOARD, PRESIDENT AND CHIEF EXECUTIVE OFFICER EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx, Xxxxx 000 Attention: Xxxxxxxx X. Xxxxxxxxx, Senior Vice President and Secretary Dear Sir: On __________________, 199__, I was granted an option under the 1996 Stock Incentive Plan of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 per Share: $ ______$_________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ ______$_________________ Total (payable by certified or bank check only) $ ______$_________________ Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, __________________________________ (Participant)

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX /s/ Xxxx X. XXXXXXX /S/ XXXXXX Xxxxxxx /s/ Xxxxxx X. XXXXXXXXX XXXX Xxxxxxxxx ----------------------- ---------------------------------- Xxxx X. XXXXXXX XXXXXX Xxxxxxx Xxxxxx X. XXXXXXXXX CHAIRMAN OF THE BOARDXxxxxxxxx Chairman of the Board, PRESIDENT AND CHIEF EXECUTIVE OFFICER President And Chief Executive Officer EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx, Xxxxx 000 Xxxxxx, Xxxx 00000 Attention: Xxxxxxxx X. Xxxxxxxxx, Senior Vice President and Secretary Dear Sir: On __________________June 16, 199__1998, I was granted an option under the 1996 Stock Incentive Plan Plan, as amended, of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ 10,000 shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 3.21875 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 3.21875 per Share: $ ______$_________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ ______Corporation: $_________________ Total (payable by certified or bank check only) $ _______________________ ================= Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, _____________________________ (Participant) Name (Please Print): _________________________________________ (Participant)Address: _________________________________________ _________________________________________ Area Code & Tel. No.: _________________________________________ Social Security No.: _________________________________________

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX X. XXXXXXX DAVID T. CHASE /S/ XXXXXX X. XXXXXXXXX XXXX X. XXXXXXX XXXXXX X. XXXXXXXXX CHAIRMAN OF THE BOARD, PRESIDENT AND CHIEF EXECUTIVE OFFICER NICHOLAS Z. ALEXANDER David T. Chasx Nicholas Z. Alxxxxxxx Senior Vice Prxxxxxxx xxx Xxxxxxxxx EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx475 Metro Place North, Xxxxx 000 Suite 100 Attention: Xxxxxxxx X. XxxxxxxxxNicholas Z. Alexander, Senior Vice President and Secretary Xxxxxx Xxxx Xxxxxxxxx xxx Xxxxxtary Dear SirSxx: On Xx _________________________, 199__, I was granted an option under the 1996 Stock Incentive Plan of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 per Share: $ _____$__________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ _____$__________________ Total (payable by certified or bank check only) $ _____$__________________ Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, ___________________________________ (Participant)) Name (Please Print): ___________________________________ Address: ___________________________________ ___________________________________ ___________________________________ Area Code & Tel. No.: ___________________________________ Social Security No.: ___________________________________

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX /s/ Xxxxx X. XXXXXXX /S/ XXXXXX Xxxxx /s/ Xxxxxx X. XXXXXXXXX XXXX Xxxxxxxxx ----------------------- -------------------------------- Xxxxx X. XXXXXXX XXXXXX Xxxxx Xxxxxx X. XXXXXXXXX CHAIRMAN OF THE BOARDXxxxxxxxx Chairman of the Board, PRESIDENT AND CHIEF EXECUTIVE OFFICER President And Chief Executive Officer EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx, Xxxxx 000 Xxxxxx, Xxxx 00000 Attention: Xxxxxxxx X. Xxxxxxxxx, Senior Vice President and Secretary Dear Sir: On __________________June 16, 199__1998, I was granted an option under the 1996 Stock Incentive Plan Plan, as amended, of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ 10,000 shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 3.21875 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 3.21875 per Share: $ ______$_________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ ______Corporation: $_________________ Total (payable by certified or bank check only) $ _______________________ ================= Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, _____________________________ (Participant) Name (Please Print): _________________________________________ (Participant)Address: _________________________________________ _________________________________________ Area Code & Tel. No.: _________________________________________ Social Security No.: _________________________________________

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX XXXXX X. XXXXXXX XXXXX /S/ XXXXXX X. XXXXXXXXX XXXX XXXXX X. XXXXXXX XXXXX XXXXXX X. XXXXXXXXX CHAIRMAN OF THE BOARD, PRESIDENT AND CHIEF EXECUTIVE OFFICER EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx, Xxxxx 000 Attention: Xxxxxxxx X. Xxxxxxxxx, Senior Vice President and Secretary Dear Sir: On __________________________ , 199__, I was granted an option under the 1996 Stock Incentive Plan of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ___________________________ Shares @ $2.75 per Share: $ _______$________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ _______$________________ Total (payable by certified or bank check only) $ _______________________ ================ Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, __________________________________ (Participant)) Name (Please Print): _________________________________ Address: _________________________________ _________________________________ _________________________________ Area Code & Tel. No.: _________________________________ Social Security No.: _________________________________

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX X. XXXXXXX JOHN P. REDDING /S/ XXXXXX X. XXXXXXXXX XXXX X. XXXXXXX XXXXXX X. THOMAS H. FRIEDBERG JOHN P. REXXXXX THOMAS H. XXXXXXXXX CHAIRMAN OF THE BOARDOX XXX XXXXX, PRESIDENT XXXXXXENT AND CHIEF EXECUTIVE OFFICER EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx475 Metro Place North, Xxxxx 000 Suite 100 Attention: Xxxxxxxx X. XxxxxxxxxNicholas Z. Alexander, Senior Vice President and Secretary Xxxxxx Xxxx Xxxxxxxxx xxx Xxxxetary Dear SirXxx: On Xx _________________________, 199__, I was granted an option under the 1996 Stock Incentive Plan of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 per Share: $ _____$__________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ _____$__________________ Total (payable by certified or bank check only) $ _____$__________________ Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, ___________________________________ (Participant)) Name (Please Print): ___________________________________ Address: ___________________________________ ___________________________________ ___________________________________ Area Code & Tel. No.: ___________________________________ Social Security No.: ___________________________________

Succession and Transfer. The provisions of this Agreement shall be binding upon and run to the benefit of the Company and Participant and their respective heirs, personal representatives, successors, and assigns. However, neither this Agreement nor any other right under the Plan may be assigned, pledged, hypothecated, given or otherwise transferred by Participant, except as permitted by the Plan. NAME OF PARTICIPANT ACCEL INTERNATIONAL CORPORATION /S/ XXXX /s/ Xxxxx X. XXXXXXX /S/ XXXXXX Xxxxx /s/ Xxxxxx X. XXXXXXXXX XXXX Xxxxxxxxx ------------------------- -------------------------------- Xxxxx X. XXXXXXX XXXXXX Xxxxx Xxxxxx X. XXXXXXXXX CHAIRMAN OF THE BOARDXxxxxxxxx Chairman of the Board, PRESIDENT AND CHIEF EXECUTIVE OFFICER President And Chief Executive Officer EXHIBIT B NOTICE OF EXERCISE OF OPTION ACCEL INTERNATIONAL CORPORATION 000 Xxxxx Xxxxx Xxxxx, Xxxxx 000 Xxxxxx, Xxxx 00000 Attention: Xxxxxxxx X. Xxxxxxxxx, Senior Vice President and Secretary Dear Sir: On __________________June 16, 199__1998, I was granted an option under the 1996 Stock Incentive Plan Plan, as amended, of ACCEL INTERNATIONAL CORPORATION (the "Company") under which I may buy a total of __________________ 10,000 shares of Common Stock, $.10 par value of the Company ("Shares"), at a price of $2.75 3.21875 per Share. This letter is to notify you that I wish to buy the following Shares under the option: ______________________ Shares @ $2.75 3.21875 per Share: $ ______$_________________ Local, State and Federal Withholding Taxes Payable to ACCEL International Corporation $ ______Corporation: $_________________ Total (payable by certified or bank check only) $ _______________________ ================= Payment in full of the amounts due as listed above is included with this notice. Please deliver the stock certificates to me as indicated below. Yours truly, _____________________________ (Participant) Name (Please Print): _________________________________________ (Participant)Address: _________________________________________ _________________________________________ Area Code & Tel. No.: _________________________________________ Social Security No.: _________________________________________