0000950129-08-005514 Sample Contracts

NON-QUALIFIED STOCK OPTION AGREEMENT UNDER THE HCC INSURANCE HOLDINGS, INC.
Non-Qualified Stock Option Agreement • November 7th, 2008 • HCC Insurance Holdings Inc/De/ • Fire, marine & casualty insurance • Texas

This STOCK OPTION AGREEMENT (the “Agreement”) is made and entered into by and between HCC INSURANCE HOLDINGS, INC. and the undersigned employee (including any legal representative, permitted transferee, successor in right or Designated Beneficiary, the “Employee”). All capitalized terms not otherwise defined herein shall have the meaning set forth in the HCC Insurance Holdings, Inc. 2008 Flexible Incentive Plan, as amended from time to time.

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RESTRICTED STOCK AWARD AGREEMENT UNDER THE HCC INSURANCE HOLDINGS, INC.
Restricted Stock Award Agreement • November 7th, 2008 • HCC Insurance Holdings Inc/De/ • Fire, marine & casualty insurance • Texas

This Restricted Stock Award Agreement (this “Agreement”) is entered into effective as of the date of grant set forth on the signature page below (the “Grant Date”) by and between HCC Insurance Holdings, Inc., a Delaware corporation (the “Company”), and the undersigned employee of the Company or its Subsidiary (the “Employee”). Capitalized terms used herein and not otherwise defined shall have the meaning specified in the HCC Insurance Holdings, Inc. 2008 Flexible Incentive Plan, as amended and restated and as further amended (the “Plan”).

RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE HCC INSURANCE HOLDINGS, INC.
Restricted Stock Unit Award Agreement • November 7th, 2008 • HCC Insurance Holdings Inc/De/ • Fire, marine & casualty insurance • Texas

This Restricted Stock Unit Award Agreement (this “Agreement”) is entered into effective as of the date of grant set forth on the signature page below (the “Grant Date”) by and between HCC Insurance Holdings, Inc., a Delaware corporation, and the undersigned employee of the Company or its Subsidiary (the “Employee”). Capitalized terms used herein and not otherwise defined shall have the meaning specified in the HCC Insurance Holdings, Inc. 2008 Flexible Incentive Plan, as amended from time to time.

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