Common use of Termination of Service Clause in Contracts

Termination of Service. 1. In the event the SAR Holder ceases to be an employee of the Company due to his death or Permanent Disability (as defined in the Company’s Incentive Compensation Plan on the date hereof), the SAR, to the extent not already exercisable in full, shall become immediately exercisable in full and shall continue to be exercisable by the SAR Holder (or his Beneficiary or estate in the event of his death) for a period of three years following such termination of employment (but not beyond the SAR Period).

Termination of Service. 1. In the event the SAR Holder ceases to be an employee of the Company due to his the SAR Holder’s death or Permanent Disability (as defined in the Company’s Incentive Compensation Plan on the date hereof), the SAR, to the extent not already exercisable in full, shall become immediately exercisable in full and shall continue to be exercisable by the SAR Holder (or his the SAR Holder’s Beneficiary or estate in the event of his the SAR Holder’s death) for a period of three years following such termination of employment (but not beyond the SAR Period).

Termination of Service. 1. In the event the SAR Holder ceases to be an employee of the Company due to his death or Permanent Disability (as defined in the Company’s Incentive Compensation Plan on Employment Agreement, dated as of June 5, 2009 (the date hereof“Employment Agreement”), between the SAR Holder and Arch Insurance Group Inc.), the SAR, to the extent not already exercisable in full, shall become immediately exercisable in full and shall continue to be exercisable by the SAR Holder (or his Beneficiary or estate in the event of his death) for a period of three years following such termination of employment (but not beyond the SAR Period).