HOLDINGS, INC. Growth in Book Value Per Share Performance Share Unit Agreement Name of Participant: [___________] Target No. of Performance Share Units Covered: Maximum No. of Performance Share Units Covered: [___________] Date of Grant:Performance Share Unit Agreement • May 5th, 2021 • NI Holdings, Inc. • Fire, marine & casualty insurance • North Dakota
THIS PERFORMANCE SHARE UNIT AGREEMENT (this “Agreement”) governs the Stock Unit Award granted by NI HOLDINGS, INC., a North Dakota corporation (the “Company”) to the above named individual (the “Participant”), in accordance with and subject to the provisions of the Company’s 2020 Stock and Incentive Plan (the “Plan”). A copy of the Plan has been made available to the Participant. Unless the context indicates otherwise, capitalized terms that are not defined in this Agreement shall have the meaning set forth in the Plan.
NI HOLDINGS, INC. Time Based Restricted Stock Unit Agreement for ExecutivesRestricted Stock Unit Agreement • May 5th, 2021 • NI Holdings, Inc. • Fire, marine & casualty insurance • North Dakota
THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) governs the Stock Unit Award granted by NI HOLDINGS, INC., a North Dakota corporation (the “Company”) to the above named individual (the “Participant”), in accordance with and subject to the provisions of the Company’s 2020 Stock and Incentive Plan (the “Plan”). A copy of the Plan has been made available to the Participant. Unless the context indicates otherwise, capitalized terms that are not defined in this Agreement shall have the meaning set forth in the Plan.
