0001299933-05-002113 Sample Contracts

UNITED AMERICA INDEMNITY
Separation Agreement • May 3rd, 2005 • United America Indemnity, LTD • Fire, marine & casualty insurance

This agreement sets forth the terms and conditions of our agreement regarding your separation of employment from Penn-America Group, Inc. (the “Company”), United America Indemnity, Ltd. (“UAIL”) and all of their affiliates. Reference is made to the executive employment agreement dated as of October 14, 2004 between you and the Company (the “Employment Agreement”).

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