0000701869-06-000005 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 16th, 2006 • Independence Holding Co • Life insurance • Minnesota

This Employment Agreement (“Agreement”) is made and entered into as of March 6, 2006 (the “Effective Date”) between Independence Holding Company, a Delaware corporation (“IHC”), and Jeffrey Smedsrud (the “Executive”).

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STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • March 16th, 2006 • Independence Holding Co • Life insurance • Arizona

This Stock Purchase Agreement (“Agreement”) is made as of January 23, 2006, by and among Scott M. Wood, Steven A. Wood, individually and as Trustees on behalf of the Trusts listed as shareholders on Schedule 2.1 (“Sellers”), IAC Holding Corp. (“Buyer”) and Independence Holding Company (“IHC”).

Independence Holding Company Form of Restricted Stock Grant Agreement
Restricted Stock Grant Agreement • March 16th, 2006 • Independence Holding Co • Life insurance • Delaware

WHEREAS, the Company has adopted and maintains the Independence Holding Company 2003 Stock Incentive Plan, as amended (the “Plan”); and

SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 16th, 2006 • Independence Holding Co • Life insurance • Arizona

THIS AGREEMENT made and entered into effective as of the 31st day of January, 2006 ("Effective Date") between INSURERS ADMINISTRATIVE CORPORATION (lAC), an Arizona corporation with its principal office located in the State of Arizona (hereinafter referred to as the "Employer"), and Independence Holding Company, a Delaware corporation (“IHC”), and Scott M. Wood, an individual residing in the State of Arizona (hereinafter referred to as the "Employee").

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