0000950137-09-001435 Sample Contracts

INCORPORATED TERMS DATED AS OF DECEMBER 2, 2008 TO KEY EXECUTIVE EMPLOYMENT AND SEVERANCE AGREEMENT
Incorporated Terms • March 2nd, 2009 • Mgic Investment Corp • Surety insurance • Wisconsin

The following are the “Incorporated Terms” referred to in the instrument entitled “Key Executive Employment and Severance Agreement” which refers to these Incorporated Terms and which has been signed by the Company and the Employee (the “Base Instrument”). The Incorporated Terms and the Base Instrument constitute a single agreement and that agreement consists of the Base Instrument and the Incorporated Terms. The Incorporated Terms dovetail with the Base Instrument; because the last section of the Base Instrument is Section 1, the Incorporated Terms begin with Section 2.

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AMENDMENT TO RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock and Restricted Stock Unit Agreement • March 2nd, 2009 • Mgic Investment Corp • Surety insurance • Wisconsin

THIS AMENDMENT TO RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT (the “Amendment”) is made and entered into as of the date indicated below under “Date of Agreement” by and between MGIC Investment Corporation, a Wisconsin corporation (the “Company”), and the director of MGIC Investment Corporation whose signature is set forth on the signature page hereto (the “Director”).

AMENDMENT TO RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock and Restricted Stock Unit Agreement • March 2nd, 2009 • Mgic Investment Corp • Surety insurance • Wisconsin

THIS AMENDMENT TO RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT (the “Amendment”) is made and effective as of December 8, 2008.

RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock and Restricted Stock Unit Agreement • March 2nd, 2009 • Mgic Investment Corp • Surety insurance

THIS RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT is made and entered into as of the date indicated on the signature page under “Date of Agreement” by and between MGIC Investment Corporation, a Wisconsin corporation (the “Company”), and the employee of Mortgage Guaranty Insurance Corporation, or one of its subsidiaries, whose signature is set forth on the signature page hereto (the “Employee”).

AMENDMENT TO RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock and Restricted Stock Unit Agreement • March 2nd, 2009 • Mgic Investment Corp • Surety insurance • Wisconsin

THIS AMENDMENT TO RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT (the “Amendment”) is made and effective as of December 2, 2008.

INCORPORATED TERMS DATED AS OF TO RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT
Incorporated Terms • March 2nd, 2009 • Mgic Investment Corp • Surety insurance • Wisconsin

The following are the “Incorporated Terms” referred to in the instrument entitled “Restricted Stock and Restricted Stock Unit Agreement” which refers to these Incorporated Terms and which has been signed by the Company and the Employee (the “Base Instrument”). The Incorporated Terms and the Base Instrument constitute a single agreement and that agreement consists of the Base Instrument and the Incorporated Terms. The Incorporated Terms dovetail with the Base Instrument; because the last paragraph of the Base Instrument is Paragraph 1, the Incorporated Terms begin with Paragraph 2.

KEY EXECUTIVE EMPLOYMENT AND SEVERANCE AGREEMENT
Key Executive Employment and Severance Agreement • March 2nd, 2009 • Mgic Investment Corp • Surety insurance

THIS AGREEMENT is made and entered into as of the 2nd day of December, 2008, by and between MGIC Investment Corporation, a Wisconsin corporation (hereinafter referred to as the “Company”), and the person whose name appears on the signature page hereof (hereinafter referred to as “Executive”).

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