0001104659-08-014737 Sample Contracts

OneBeacon Long-Term Incentive Plan (2007) Restricted Stock Unit Award Agreement (With Deferred Settlement)
Restricted Stock Unit Award Agreement • March 3rd, 2008 • OneBeacon Insurance Group, Ltd. • Fire, marine & casualty insurance

This Restricted Stock Unit Award Agreement (the “Agreement”) dated as of February 26, 2008, is by and between [ ] (“you” or the “Recipient”) and OneBeacon Insurance Group, Ltd. (the “Company”). The Company hereby grants to Recipient an award of restricted stock units (“Units”) with respect to its common stock, par value $0.01 per share (the “Stock”), pursuant to the terms and conditions of the OneBeacon Long-Term Incentive Plan (2007) (as amended from time to time, the “Plan”). All of the applicable terms and provisions of the Plan are incorporated herein by reference. Capitalized terms not defined in this Agreement are defined in the Plan.

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OneBeacon Insurance Group, Ltd. Long-Term Incentive Plan
Grant • March 3rd, 2008 • OneBeacon Insurance Group, Ltd. • Fire, marine & casualty insurance

THIS GRANT (this “Grant”) is made, effective as of February 26, 2008, between OneBeacon Insurance Group, Ltd., a Bermuda company limited by shares (the “Company”) and (the “Participant”).

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