STOCK OPTIONStock Option • February 27th, 2008 • United Fire & Casualty Co • Fire, marine & casualty insurance • Iowa
THIS STOCK OPTION is dated as of the day of ______ , 20__ (the “Effective Date”) by United Fire & Casualty Company, Inc. (the “Company”) to ___________________________ (the “Optionee”).
NONQUALIFIED STOCK OPTION AGREEMENT Pursuant to the UNITED FIRE & CASUALTY COMPANY, INC. NONQUALIFIED EMPLOYEE STOCK OPTION PLANNonqualified Stock Option Agreement • February 27th, 2008 • United Fire & Casualty Co • Fire, marine & casualty insurance • Iowa
WHEREAS, the Optionee is now an employee of the Company and the Company desires to afford the Optionee the opportunity to acquire stock ownership in the Company so that the Optionee may have a direct proprietary interest in the Company’s success; and
