Common Contracts

2 similar Restricted Stock Rights contracts by Safeco Corp

RESTRICTED STOCK RIGHTS AWARD AGREEMENT Issued under the Safeco Long-Term Incentive Plan of 1997
Restricted Stock Rights • May 6th, 2005 • Safeco Corp • Fire, marine & casualty insurance

VESTING OF YOUR RESTRICTED STOCK RIGHTS WILL BE A TAXABLE EVENT AND WILL RESULT IN THE RECOGNITION BY YOU OF ORDINARY INCOME IN AN AMOUNT EQUAL TO THE FAIR MARKET VALUE OF THE SHARES SETTLED. ON EACH SETTLEMENT DATE SAFECO WILL BE REQUIRED TO COLLECT FROM YOU FEDERAL INCOME TAX WITHHOLDING AS WELL AS OTHER PAYROLL TAXES REQUIRED TO BE WITHHELD.

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RESTRICTED STOCK RIGHTS AWARD AGREEMENT Issued under the Safeco Long-Term Incentive Plan of 1997
Restricted Stock Rights • August 6th, 2004 • Safeco Corp • Fire, marine & casualty insurance

VESTING OF YOUR RESTRICTED STOCK RIGHTS WILL BE A TAXABLE EVENT AND WILL RESULT IN THE RECOGNITION BY YOU OF ORDINARY INCOME IN AN AMOUNT EQUAL TO THE FAIR MARKET VALUE OF THE SHARES SETTLED. ON EACH SETTLEMENT DATE SAFECO WILL BE REQUIRED TO COLLECT FROM YOU FEDERAL INCOME TAX WITHHOLDING AS WELL AS OTHER PAYROLL TAXES REQUIRED TO BE WITHHELD.

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