INCORPORATED TERMS DATED AS OF __________, 200_ TO RESTRICTED STOCK AGREEMENTIncorporated Terms • February 1st, 2005 • Mgic Investment Corp • Surety insurance • Wisconsin
The following are the “Incorporated Terms” referred to in the instrument entitled “Restricted Stock Agreement” which refers to these Incorporated Terms and which has been signed by the Company and the Employee (the “Base Instrument”). The Incorporated Terms and the Base Instrument constitute a single agreement and that agreement consists of the Base Instrument and the Incorporated Terms. The Incorporated Terms dovetail with the Base Instrument; because the last paragraph of the Base Instrument is Paragraph 1, the Incorporated Terms begin with Paragraph 2.
AGREEMENT NOT TO COMPETEMgic Investment Corp • February 1st, 2005 • Surety insurance • Wisconsin
As a condition to and in consideration of the award by MGIC Investment Corporation (the “Company”) of shares of Restricted Stock (or Restricted Stock Units) pursuant to the 2002 Stock Incentive Plan, to the individual signing this Agreement Not to Compete (hereinafter “Employee”), Employee agrees that he will not render services to any competitor of the Company (a) during the term of his employment and (b) for a period of one year after the termination of the Employee’s employment, in the geographic area or areas (localized or national, as the case may be) in which he was employed, assigned or otherwise worked on behalf of the Company, or a present or future parent, subsidiary or affiliate of the Company (collectively, “Subsidiary”), during the three years prior to the termination of his employment.
RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • February 1st, 2005 • Mgic Investment Corp • Surety insurance
THIS RESTRICTED STOCK AGREEMENT is made and entered into as of the date indicated on the signature page under “Date of Agreement” by and between MGIC Investment Corporation, a Wisconsin corporation (the “Company”), and the employee of Mortgage Guaranty Insurance Corporation whose signature is set forth on the signature page hereto (the “Employee”).
