0001193125-05-116322 Sample Contracts

STOCK OPTION AGREEMENT UNDER THE ALFA CORPORATION
Stock Option Agreement • May 27th, 2005 • Alfa Corp • Fire, marine & casualty insurance

On , The Board of Directors of Alfa (the “Board”) approved the issuance to you of options (“Options”) to purchase shares of Alfa Common Stock under the ALFA CORPORATION 2005 AMENDED AND RESTATED STOCK INCENTIVE PLAN, as said Plan may be subsequently amended and restated, (the “Plan”).

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RESTRICTED STOCK AGREEMENT UNDER THE ALFA CORPORATION
Restricted Stock Agreement • May 27th, 2005 • Alfa Corp • Fire, marine & casualty insurance

On , 2005, (Grant Date) The Board of Directors of Alfa Corporation approved the grant to you of Restricted Shares of Alfa Corporation stock under the Alfa Corporation 2005 Amended and Restated Stock Incentive Plan (The “Plan”).

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