Common use of WATERCRAFT INSURANCE Clause in Contracts

WATERCRAFT INSURANCE. Watercraft insurance which shall include liability, hull, accidental death and dismemberment, medical payments and/or guest voluntary settlements coverage on noncommercial watercraft (but including charter) and/or watercraft operators; premises, contractual, products and completed operations, medical payments, and/or hull keepers coverage for marinas and other commercial operators; noncommercial watercraft (including charter) lender's/lessor's broad form hull and/or liability coverage; total loss only watercraft hull coverage; and/or the reinsurance of any of the foregoing coverages. /x/ 3. COLLATERAL PROTECTION AND LENDER'S/LESSOR'S SINGLE INTEREST INSURANCE Insurance and/or insurance tracking for banks and/or other financial institutions covering their lending and leasing operations and/or collateral in security thereof, and including, but not limited to, liability, physical damage, instrument non-filing, confiscation, skip and/or repossession coverages, and whether or not called lender's or lessor's single interest or dual interest, and/or collateral protection insurance, tracking, or otherwise; and/or the reinsurance of any of the foregoing coverages. /x/ 4. COMPUTER SOFTWARE Computer software design, modification, implementation, sale and/or service as used in and/or applied to the property casualty insurance industry, whether offered for sale to business or other concerns or used internally by business or other concerns. /x/ 5. MEDICAL ASSISTANCE SERVICES/MEDICAL INSURANCE Medical assistance services and/or medical insurance, provided to, for or on behalf of individuals, groups, insurers and/or businesses, to assist sick or injured travelers, including students while studying abroad, in locating and/or obtaining medical care and/or emergency evacuation services and/or reimbursement/indemnification for the same. In addition to the paragraphs checked above, the "Business" also includes any other business commenced or acquired by AVEMCO or its subsidiaries during the term of the Employment Agreement, in which Employee becomes engaged, whether part or full time. This Attachment attaches to and forms a part of the Employment Agreement dated January 1, 1995, between AVEMCO and Employee. --------------- EMPLOYEE AVEMCO CORPORATION /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxxxx X. Xxxxxx. ---------------------------------- ----------------------------- Xxxxxxx X. Xxxxxx Chairman/CEO A1-2 ATTACHMENT B Employee: Xxxxxx X. Xxxxx ------------------ CHANGE IN CONTROL The undersigned agree that the following provision is added to the Employment Agreement between the parties, as referenced below: Change in Control. In the event of a change in control of AVEMCO ----------------- Corporation, as defined herein, Employee may elect to terminate this Employment Agreement on thirty (30) days written notice, in which event the provisions of paragraphs A(1), A(2) and A(3) of Attachment A to the Employment Agreement shall no longer apply notwithstanding anything to the contrary therein. For the purposes hereof, a change of control of AVEMCO Corporation shall be deemed to have taken place upon the occurrence of any of the following events:

WATERCRAFT INSURANCE. Watercraft insurance which shall include liability, hull, accidental death and dismemberment, medical payments and/or guest voluntary settlements coverage on noncommercial watercraft (but including charter) and/or watercraft operators; premises, contractual, products and completed operations, medical payments, and/or hull keepers coverage for marinas and other commercial operators; noncommercial watercraft (including charter) lender's/lessor's broad form hull and/or liability coverage; total loss only watercraft hull coverage; and/or the reinsurance of any of the foregoing coverages. A1-1 /x/ 3. COLLATERAL PROTECTION AND LENDER'S/LESSOR'S SINGLE INTEREST INSURANCE Insurance and/or insurance tracking for banks and/or other financial institutions covering their lending and leasing operations and/or collateral in security thereof, and including, but not limited to, liability, physical damage, instrument non-filing, confiscation, skip and/or repossession coverages, and whether or not called lender's or lessor's single interest or dual interest, and/or collateral protection insurance, tracking, or otherwise; and/or the reinsurance of any of the foregoing coverages. /x/ / / 4. COMPUTER SOFTWARE Computer software design, modification, implementation, sale and/or service as used in and/or applied to the property casualty insurance industry, whether offered for sale to business or other concerns or used internally by business or other concerns. /x/ 5. MEDICAL ASSISTANCE SERVICES/MEDICAL INSURANCE Medical assistance services and/or medical insurance, provided to, for or on behalf of individuals, groups, insurers and/or businesses, to assist sick or injured travelers, including students while studying abroad, in locating and/or obtaining medical care and/or emergency evacuation services and/or reimbursement/indemnification for the same. In addition to the paragraphs checked above, the "Business" also includes any other business commenced or acquired by AVEMCO or its subsidiaries during the term of the Employment Agreement, in which Employee becomes engaged, whether part or full time. This Attachment attaches to and forms a part of the Employment Agreement dated January July 1, 19951994, between AVEMCO and Employee. --------------- ------------ EMPLOYEE AVEMCO CORPORATION /s/ Xxxxxx X. Xxxxx Xxxxxx By: /s/ Xxxxxxx Xxxx X. XxxxxxXxxxxxx, Xx. ---------------------------------- ----------------------------- Xxxxxxx --------------------------------- ---------------------------- Xxxxxx X. Xxxxxx Chairman/CEO President Xxxx X. Xxxxxxx, Xx. A1-2 ATTACHMENT B Employee: Xxxxxx X. Xxxxx ------------------ CHANGE IN CONTROL The undersigned agree that the following provision is added to the Employment Agreement between the parties, as referenced below: Change in Control. In the event of a change in control of AVEMCO ----------------- Corporation, as defined herein, Employee may elect to terminate this Employment Agreement on thirty (30) days written notice, in which event the provisions of paragraphs A(1), A(2) and A(3) of Attachment A to the Employment Agreement shall no longer apply notwithstanding anything to the contrary therein. For the purposes hereof, a change of control of AVEMCO Corporation shall be deemed to have taken place upon the occurrence of any of the following events:2

WATERCRAFT INSURANCE. Watercraft insurance which shall include liability, hull, accidental death and dismemberment, medical payments and/or guest voluntary settlements coverage on noncommercial watercraft (but including charter) and/or watercraft operators; premises, contractual, products and completed operations, medical payments, and/or hull keepers coverage for marinas and other commercial operators; noncommercial watercraft (including charter) lender's/lessor's broad form hull and/or liability coverage; total loss only watercraft hull coverage; and/or the reinsurance of any of the foregoing coverages. /x/ [X] 3. COLLATERAL PROTECTION AND LENDER'S/LESSOR'S SINGLE INTEREST INSURANCE Insurance and/or insurance tracking for banks and/or other financial institutions covering their lending and leasing operations and/or collateral in security thereof, and including, but not limited to, liability, physical damage, instrument non-filing, confiscation, skip and/or repossession coverages, and whether or not called lender's or lessor's single interest or dual interest, and/or collateral protection insurance, tracking, or otherwise; and/or the reinsurance of any of the foregoing coverages. /x/ [X] 4. COMPUTER SOFTWARE Computer software design, modification, implementation, sale and/or service as used in and/or applied to the property casualty insurance industry, whether offered for sale to business or other concerns or used internally by business or other concerns. /x/ [X] 5. MEDICAL ASSISTANCE SERVICES/MEDICAL INSURANCE Medical assistance services and/or medical insurance, provided to, for or on behalf of individuals, groups, insurers and/or businesses, to assist sick or injured travelers, including students while studying abroad, in locating and/or obtaining medical care and/or emergency evacuation services and/or reimbursement/indemnification for the same. In addition to the paragraphs checked above, the "Business" also includes any other business commenced or acquired by AVEMCO or its subsidiaries during the term of the Employment Agreement, in which Employee becomes engaged, whether part or full time. This Attachment attaches to and forms a part of the Employment Agreement dated January 1, 19951996 , between AVEMCO and Employee. --------------- ---------------- EMPLOYEE AVEMCO CORPORATION /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxxxx Xxxx X. XxxxxxXxxxxxx, Xx. ------------------------------ ---------------------------------- ----------------------------- Xxxxxxx Xxxx X. Xxxxxx Chairman/CEO Xxxxxxx, Xx., President A1-2 ATTACHMENT B EmployeeEMPLOYEE: Xxxxxx XXXXXX X. Xxxxx ------------------ XXXXX ---------------------- CHANGE IN CONTROL The undersigned agree that the following provision is added to the Employment Agreement between the parties, as referenced below: Change in Control. In the event of a change in control of AVEMCO ----------------- Corporation, as defined herein, Employee may elect to terminate this Employment Agreement on thirty (30) days written notice, in which event the provisions of paragraphs A(1), A(2) and A(3) of Attachment A to the Employment Agreement shall no longer apply notwithstanding anything to the contrary therein. For the purposes hereof, a change of control of AVEMCO Corporation shall be deemed to have taken place upon the occurrence of any of the following events: A. A merger or consolidation of AVEMCO Corporation with any other entity; B. A sale, distribution or transfer of all or substantially all of the assets of AVEMCO Corporation or of its subsidiary, AVEMCO Insurance Company; C. Acquisition by any one party, or by one or more "affiliated" parties as defined in Rule 12B-2 under the Securities Exchange Act of 1934, of more than forty percent (40%) of the outstanding voting stock of AVEMCO Corporation; D. Any event determined by an arbitrator, as provided below, to be similar in purpose or effect to those set forth in paragraphs A through C immediately above, and therefore properly includable under this paragraph D.

WATERCRAFT INSURANCE. Watercraft insurance which shall include liability, hull, accidental death and dismemberment, medical payments and/or guest voluntary settlements coverage on noncommercial watercraft (but including charter) and/or watercraft operators; premises, contractual, products and completed operations, medical payments, and/or hull keepers coverage for marinas and other commercial operators; noncommercial watercraft (including charter) lender's/lessor's broad form hull and/or liability coverage; total loss only watercraft hull coverage; and/or the reinsurance of any of the foregoing coverages. /x/ 3. COLLATERAL PROTECTION AND LENDER'S/LESSOR'S SINGLE INTEREST INSURANCE Insurance and/or insurance tracking for banks and/or other financial institutions covering their lending and leasing operations and/or collateral in security thereof, and including, but not limited to, liability, physical damage, instrument non-filing, confiscation, skip and/or repossession coverages, and whether or not called lender's or lessor's single interest or dual interest, and/or collateral protection insurance, tracking, or otherwise; and/or the reinsurance of any of the foregoing coverages. /x/ 4. COMPUTER SOFTWARE Computer software design, modification, implementation, sale and/or service as used in and/or applied to the property casualty insurance industry, whether offered for sale to business or other concerns or used internally by business or other concerns. /x/ 5. MEDICAL ASSISTANCE SERVICES/MEDICAL INSURANCE Medical assistance services and/or medical insurance, provided to, for or on behalf of individuals, groups, insurers and/or businesses, to assist sick or injured travelers, including students while studying abroad, in locating and/or obtaining medical care and/or emergency evacuation services and/or reimbursement/indemnification for the same. In addition to the paragraphs checked above, the "Business" also includes any other business commenced or acquired by AVEMCO or its subsidiaries during the term of the Employment Agreement, in which Employee becomes engaged, whether part or full time. This Attachment attaches to and forms a part of the Employment Agreement dated January 1, 1995, between AVEMCO and Employee. --------------- EMPLOYEE AVEMCO CORPORATION /s/ Xxxxxx Xxxx X. Xxxxx By: /s/ Xxxxxxx X. Xxxxxx. ---------------------------------- ----------------------------- --------------------------------- ---------------------------- Xxxxxxx X. Xxxxxx Chairman/CEO A1-2 ATTACHMENT B Employee: Xxxxxx Xxxx X. Xxxxx ------------------ ---------------- CHANGE IN CONTROL The undersigned agree that the following provision is added to the Employment Agreement between the parties, as referenced below: Change in Control. In the event of a change in control of AVEMCO ----------------- Corporation, as defined herein, Employee may elect to terminate this Employment Agreement on thirty (30) days written notice, in which event the provisions of paragraphs A(1), A(2) and A(3) of Attachment A to the Employment Agreement shall no longer apply notwithstanding anything to the contrary therein. For the purposes hereof, a change of control of AVEMCO Corporation shall be deemed to have taken place upon the occurrence of any of the following events: A. A merger or consolidation of AVEMCO Corporation with any other entity; B. A sale, distribution or transfer of all or substantially all of the assets of AVEMCO Corporation or of its subsidiary, AVEMCO Insurance Company; C. Acquisition by any one party, or by one or more "affiliated" parties as defined in Rule 12B-2 under the Securities Exchange Act of 1934, of more than forty percent (40%) of the outstanding voting stock of AVEMCO Corporation; D. Any event determined by an arbitrator, as provided below, to be similar in purpose or effect to those set forth in paragraphs A through C immediately above, and therefore properly includable under this paragraph D.