0000893220-09-000101 Sample Contracts

SEPARATION AND GENERAL RELEASE AGREEMENT
Separation and General Release Agreement • January 26th, 2009 • Penn Millers Holding Corp • Pennsylvania

This Separation and General Release Agreement (hereinafter referred to as “Agreement”) is made this day 10th of November, 2008, by and between FRANK JOANLANNE (hereinafter referred to as “Executive”) and PENN MILLERS INSURANCE COMPANY (“Penn Millers”). Penn Millers, and its subsidiaries and affiliates, past and present, together with their directors, officers, agents, employees, stockholders, representatives, assigns, and successors, past and present, and each of them whether in such capacity, individually or in any other capacity are collectively hereinafter referred to as “Penn Millers Parties”, and such term shall be construed as inclusive of as many of the foregoing entities and individuals as may be applicable.

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EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • January 26th, 2009 • Penn Millers Holding Corp • Pennsylvania

This EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) made as of January 1, 2006, by and between: Penn Millers Mutual Holding Company, a Pennsylvania non- stock corporation (the “MHC”), Penn Millers Holding Corporation, a Pennsylvania business corporation (the “Holding Corporation”) and Penn Millers Insurance Company, a Pennsylvania property and casualty stock insurance company (the “Insurance Company”) all with offices at 72 North Franklin Street, Wilkes-Barre, PA 18773-0016. The MHC, the Holding Corporation and the Insurance Company, and their direct and indirect subsidiaries, are sometimes referred to collectively herein as the “Penn Millers System”,

SEPARATION AND GENERAL RELEASE AGREEMENT
Separation and General Release Agreement • January 26th, 2009 • Penn Millers Holding Corp • Pennsylvania

This Separation and General Release Agreement (hereinafter referred to as “Agreement”) Is made this 4th day of January, 2008 by and between WILLIAM J. SPENCER, JR. (hereinafter referred to as “Executive’ and EASTERN INSURANCE GROUP (“EIG”), and PENN MILLERS MUTUAL HOLDING COMPANY (“PMMHC”). EIG, PMMHC, Penn Millers Insurance Company, Penn Millers Holding Corporation, Penn Software & Technologies Services, Inc, and their respective subsidiaries and affiliates, past and present, together with their directors, officers, agents, employees, stockholders, representatives, assigns, and successors, past and present, and each of them whether in such capacity, individually or in any other capacity are collectively hereinafter referred to as “Penn Millers”, and such term shall be construed as inclusive of as many of the foregoing entities and individuals as may be applicable.

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