0000080661-23-000023 Sample Contracts

RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • May 2nd, 2023 • Progressive Corp/Oh/ • Fire, marine & casualty insurance • Ohio
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RESTRICTED STOCK UNIT AWARD AGREEMENT (2023 Performance-Based Award – Investment Results)
Restricted Stock Unit Award Agreement • May 2nd, 2023 • Progressive Corp/Oh/ • Fire, marine & casualty insurance • Ohio

This Agreement (“Agreement”) is made this <Grant Date> (“Grant Date”) by and between <Participant Name> (“Participant”) and The Progressive Corporation (the “Company”).

RESTRICTED STOCK UNIT AWARD AGREEMENT (2023 Performance-Based Award – Performance versus Market)
Restricted Stock Unit Award Agreement • May 2nd, 2023 • Progressive Corp/Oh/ • Fire, marine & casualty insurance • Ohio

This Agreement (“Agreement”) is made this <Grant Date> (“Grant Date”) by and between <Participant Name> (“Participant”) and The Progressive Corporation (the “Company”).

RESTRICTED STOCK UNIT AWARD AGREEMENT (2023 Special [Time/Performance]-Based Award)
Restricted Stock Unit Award Agreement • May 2nd, 2023 • Progressive Corp/Oh/ • Fire, marine & casualty insurance • Ohio

This Agreement (“Agreement”) is made this <Grant Date> (“Grant Date”) by and between <Participant Name> (“Participant”) and The Progressive Corporation (the “Company”).

Amendment to Discretionary Line Documents
Discretionary Line Documents • May 2nd, 2023 • Progressive Corp/Oh/ • Fire, marine & casualty insurance

THIS AMENDMENT TO DISCRETIONARY LINE DOCUMENTS (this “Amendment”) is made as of April 28, 2023, by and between THE PROGRESSIVE CORPORATION (the “Company”), and PNC BANK, NATIONAL ASSOCIATION (the “Bank”).

Amended and Restated Discretionary Line of Credit Note (Daily SOFR)
Progressive Corp/Oh/ • May 2nd, 2023 • Fire, marine & casualty insurance

FOR VALUE RECEIVED, THE PROGRESSIVE CORPORATION (the “Borrower”), with an address at 6300 Wilson Mills Rd., Mayfield Village, OH 44143, United States of America, promises to pay to PNC BANK, NATIONAL ASSOCIATION (the “Bank”) or its registered assigns, in lawful money of the United States of America in immediately available funds at its offices located at 1900 East Ninth Street, Cleveland, Ohio 44114, or at such other location as the Bank may designate from time to time, the principal sum of ______________DOLLARS ($______________) (the “Facility”) or, if less, the outstanding principal amount of advances made hereunder to or for the benefit of the Borrower, together with interest accruing on the outstanding principal balance from the date hereof, as provided below.

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