0000893220-06-002433 Sample Contracts

Robert M. Fishman Chief Executive Officer United America Indemnity, Ltd.
Time Vesting Share Option Agreement • November 13th, 2006 • United America Indemnity, LTD • Fire, marine & casualty insurance • New York

This document sets forth the agreement between Robert M. Fishman (“CEO”) and United America Indemnity, Ltd. (the “Company”) regarding all matters relating to CEO’s prospective employment by the Company, but shall constitute the legally binding agreement of CEO and the Company (the “Agreement”) if and only if it is manually executed by (i) CEO and Saul Fox, in his capacity as chairman of the board of directors (the “Board”) of the Company (the “Chairman”), and (ii) is confirmed by the affirmative vote of a majority of the Board.

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