0000893220-07-000447 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 22nd, 2007 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance • Pennsylvania

THIS AGREEMENT is made and entered into effective January 1, 2007, by and between Maguire Insurance Agency, Inc., a Pennsylvania corporation (“Employer”), and Sean S. Sweeney (“Employee”) for the purposes herein stated.

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PHILADELPHIA INSURANCE COMPANIES STOCK APPRECIATION RIGHT GRANT AGREEMENT
Stock Appreciation Right Grant Agreement • February 22nd, 2007 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance

THIS STOCK APPRECIATION RIGHT (this “Grant”) is hereby granted as of «Grant_Date» (the “Date of Grant”) by Philadelphia Consolidated Holding Corp., a Pennsylvania corporation (the “Company”), to «First_Name» «Last_Name» (the “Grantee”) pursuant to the Company’s Amended and Restated Employees’ Stock Incentive and Performance Based Compensation Plan (the “Plan”), and subject to the terms and conditions set forth therein and as set out in this Grant Agreement. Capitalized terms used herein shall, unless otherwise required by the context, have the meaning ascribed to such terms in the Plan.

PHILADELPHIA INSURANCE COMPANIES PERFORMANCE SHARE AWARD AGREEMENT
Performance Share Award Agreement • February 22nd, 2007 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance

THIS PERFORMANCE SHARE AWARD (the “Award”) is hereby granted as of «Grant_Date» (the “Grant Date”) by Philadelphia Consolidated Holding Corp., a Pennsylvania corporation (the “Company”), to «First_Name» «Last_Name» (the “Grantee”) pursuant to the Company’s Amended and Restated Employees’ Stock Incentive and Performance Based Compensation Plan (the “Plan”), and subject to the terms and conditions set forth therein and as set out in this Award Agreement. Capitalized terms used herein shall, unless otherwise required by the context, have the meaning ascribed to such terms in the Plan.

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