STATE NATIONAL COMPANIES, INC.State National • May 9th, 2016 • State National Companies, Inc. • Fire, marine & casualty insurance
The Committee hereby grants to the individual named above (the “Recipient”) a Restricted Stock Award for the number of Shares listed above, subject to the terms and conditions of the Plan and this Restricted Stock Award Agreement. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Restricted Stock Award Agreement, the terms and conditions of the Plan shall prevail.
STATE NATIONAL COMPANIES, INC.State National • May 9th, 2016 • State National Companies, Inc. • Fire, marine & casualty insurance
Total Restricted Stock Award: Number of Shares equal to $_______ divided by Fair Market Value of a Share on the Date of Grant, rounded down to the nearest whole Share
