PHILADELPHIA INSURANCE COMPANIES STOCK APPRECIATION RIGHT GRANT AGREEMENTPhiladelphia Insurance Companies Stock Appreciation Right Grant Agreement • February 28th, 2007 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance
THIS STOCK APPRECIATION RIGHT (this “Grant”) is hereby granted as of February 7, 2006 (the “Date of Grant”) by Philadelphia Consolidated Holding Corp., a Pennsylvania corporation (the “Company”), to Christopher J. Maguire (the “Grantee”) pursuant to the Company’s Amended and Restated Employees’ Stock Incentive and Performance Based Compensation Plan (the “Plan”), and subject to the terms and conditions set forth therein and as set out in this Grant Agreement. Capitalized terms used herein shall, unless otherwise required by the context, have the meaning ascribed to such terms in the Plan.
PHILADELPHIA INSURANCE COMPANIES STOCK APPRECIATION RIGHT GRANT AGREEMENTPhiladelphia Insurance Companies Stock Appreciation Right Grant Agreement • February 28th, 2007 • Philadelphia Consolidated Holding Corp • Fire, marine & casualty insurance
THIS STOCK APPRECIATION RIGHT (this “Grant”) is hereby granted as of February 7, 2006 (the “Date of Grant”) by Philadelphia Consolidated Holding Corp., a Pennsylvania corporation (the “Company”), to James J. Maguire, Jr. (the “Grantee”) pursuant to the Company’s Amended and Restated Employees’ Stock Incentive and Performance Based Compensation Plan (the “Plan”), and subject to the terms and conditions set forth therein and as set out in this Grant Agreement. Capitalized terms used herein shall, unless otherwise required by the context, have the meaning ascribed to such terms in the Plan.
