0001193125-05-013417 Sample Contracts

ARTHUR J. GALLAGHER & CO.
1988 Nonqualified Stock Option Agreement • January 28th, 2005 • Gallagher Arthur J & Co • Insurance agents, brokers & service

AGREEMENT, dated , 20 (the “Effective Date”), between ARTHUR J. GALLAGHER & CO., a Delaware corporation (the “Corporation”), and , an employee of the Company (the “Employee”). For purposes of this Agreement, the term “Company” shall mean the Corporation and any corporation 50% or more of the stock of which is beneficially owned directly by the Corporation or indirectly through another corporation or corporations in which the Corporation is the beneficial owner of 50% or more of the stock.

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RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • January 28th, 2005 • Gallagher Arthur J & Co • Insurance agents, brokers & service

This Restricted Stock Agreement (the “Agreement”) is made this day of , 20 , by and between Arthur J. Gallagher & Co., a Delaware corporation (the “Company”), and (the “Employee”).

ARTHUR J. GALLAGHER & CO.
1988 Incentive Stock Option Agreement • January 28th, 2005 • Gallagher Arthur J & Co • Insurance agents, brokers & service

AGREEMENT, dated , 20 (the “Effective Date”), between ARTHUR J. GALLAGHER & CO., a Delaware corporation (the “Corporation”), and , an employee of the Company (the “Employee”). For purposes of this Agreement, the term “Company” shall mean the Corporation and any corporation 50% or more of the stock of which is beneficially owned directly by the Corporation or indirectly through another corporation or corporations in which the Corporation is the beneficial owner of 50% or more of the stock.

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