0001010247-07-000010 Sample Contracts

SEVERANCE AGREEMENT BETWEEN FPIC INSURANCE GROUP, INC. AND ROBERT E. WHITE, JR.
Severance Agreement • March 9th, 2007 • Fpic Insurance Group Inc • Life insurance • Florida

THIS AGREEMENT, effective as of the 8th of December, 2006, between FPIC Insurance Group, Inc., a Florida corporation (the “Company"), and Robert E. White, Jr., an individual (the "Executive").

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Form of FPIC INSURANCE GROUP, INC. OMNIBUS INCENTIVE PLAN STOCK OPTION AGREEMENT
Stock Option Agreement • March 9th, 2007 • Fpic Insurance Group Inc • Life insurance • Florida

WHEREAS, the Company maintains the Omnibus Incentive Plan (the “Plan”) for the benefit of its officers and key employees and the officers and key employees of the Subsidiaries; and

EXTENSION OF EMPLOYMENT AGREEMENT
Employment Agreement • March 9th, 2007 • Fpic Insurance Group Inc • Life insurance

Robert E. White, Jr. (“Employee”) and FPIC Insurance Group, Inc. (“Employer”) are parties to an Employment Agreement dated as of November 1, 2002 (the “Employment Agreement”). The Employment Agreement provides for employment for a term beginning November 1, 2002 and ending December 31, 2004 by Employee and further provides that the term of Employee’s employment thereunder may be extended for additional one-year terms prior to the end of each calendar year. The term of Employee’s employment under the Employment Agreement has been so extended and currently continues through December 31, 2007.

FPIC INSURANCE GROUP, INC. EMPLOYMENT AGREEMENT
Employment Agreement • March 9th, 2007 • Fpic Insurance Group Inc • Life insurance • Florida

This Employment Agreement is made and entered into as of the 1st day of November 2002 by and between FPIC Insurance Group, Inc., a Florida corporation, with its principal place of business at 225 Water Street, Suite 1400, Jacksonville, Florida 32202 (hereinafter referred to as “Employer”), and Robert E. White, Jr., 200 E. Kari Court, Jacksonville, Florida 32259 (hereinafter referred to as “Employee”).

DIRECTOR STOCK OPTION PLAN STOCK OPTION AGREEMENT
Stock Option Agreement • March 9th, 2007 • Fpic Insurance Group Inc • Life insurance • Florida

WHEREAS, the Company has adopted the Florida Physicians Insurance Company Director Stock Option Plan (the “Plan”) for the benefit of its Directors; and

Form of FPIC INSURANCE GROUP, INC. OMNIBUS INCENTIVE PLAN RESTRICTED STOCK AWARD AGREEMENT [Date]
Restricted Stock Award Agreement • March 9th, 2007 • Fpic Insurance Group Inc • Life insurance • Florida

In accordance with the terms of the Omnibus Incentive Plan (the “Plan”) maintained by FPIC Insurance Group, Inc. (the “Company”), pursuant to action of the Budget and Compensation Committee of the Company’s Board of Directors (acting as the “Committee” as defined in the Plan), the Company hereby grants to you (the “Participant”), subject to the terms and conditions set forth in this Restricted Stock Award Agreement (including Annex A hereto and all documents incorporated herein by reference), an award of restricted shares of Company common stock (the “Restricted Stock”), as set forth below:

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