0001299933-06-002221 Sample Contracts

STOCK APPRECIATION RIGHT AWARD AGREEMENT
Stock Appreciation Right Award Agreement • March 27th, 2006 • National Atlantic Holdings Corp • Fire, marine & casualty insurance • New Jersey

This Award Agreement (this “Agreement”) made as of this day of , 20 , between National Atlantic Holdings Corporation, a New Jersey corporation (the “Company”), and (the “Participant”), is made pursuant to the terms of the National Atlantic Holdings Corporation 2004 Stock and Incentive Plan (the “Plan”). Capitalized terms used herein but not defined shall have the meanings set forth in the Plan.

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