RESTRICTED STOCK RIGHTS AWARD AGREEMENT Issued under the Safeco Long-Term Incentive Plan of 1997Restricted Stock Rights • May 6th, 2005 • Safeco Corp • Fire, marine & casualty insurance
VESTING OF YOUR RESTRICTED STOCK RIGHTS WILL BE A TAXABLE EVENT AND WILL RESULT IN THE RECOGNITION BY YOU OF ORDINARY INCOME IN AN AMOUNT EQUAL TO THE FAIR MARKET VALUE OF THE SHARES SETTLED. ON EACH SETTLEMENT DATE SAFECO WILL BE REQUIRED TO COLLECT FROM YOU FEDERAL INCOME TAX WITHHOLDING AS WELL AS OTHER PAYROLL TAXES REQUIRED TO BE WITHHELD.
CREDIT AGREEMENT Dated as of March 31, 2005 among SAFECO CORPORATION, as the Borrower, The LENDERS Party Hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent, Swing Line Lender and L/C IssuerCredit Agreement • May 6th, 2005 • Safeco Corp • Fire, marine & casualty insurance • New York
This CREDIT AGREEMENT (“Agreement”) is entered into as of March 31, 2005, among SAFECO CORPORATION, a Washington corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and JPMORGAN CHASE BANK, N.A. (“JPMCB”), as Administrative Agent, Swing Line Lender and L/C Issuer.
