Performance Phantom Stock Unit Award Agreement Sample Contracts

MERCURY GENERAL CORPORATION LONG-TERM INCENTIVE PLAN PERFORMANCE PHANTOM STOCK UNIT AWARD AGREEMENT

Performance Phantom Stock Unit Award Agreement • February 13th, 2024 • Mercury General Corp • Fire, marine & casualty insurance • California

• Contract Type
  Performance Phantom Stock Unit Award Agreement
• Filed
  February 13th, 2024
• Company
  Mercury General Corp
• Industry
  Fire, marine & casualty insurance
• Jurisdiction
  California

Mercury General Corporation (the “Company”) hereby grants to the participant listed below (“Participant”), this award (the “Award”) of the number of performance-based phantom stock units (“Performance Phantom Stock Units” or “PSUs”) listed below. Each PSU represents the right to receive the “Payout Value” in cash per PSU upon satisfaction of certain performance conditions as specified in Section 1(b) of the terms and conditions attached hereto as Exhibit A (together with this grant notice, the “Award Agreement”).