EMPLOYERS HOLDINGS, INC. EQUITY AND INCENTIVE PLAN STOCK OPTION AGREEMENTEquity and Incentive Plan • August 10th, 2007 • Employers Holdings, Inc. • Fire, marine & casualty insurance • Nevada
[_______ _____] (the “Optionee”) is granted, effective as of the 8th day of August, 2007 (the “Date of Grant”), options (the “Options”) to purchase shares of common stock, par value $.01 (the “Stock”) of Employers Holdings, Inc. (the “Option Shares”) pursuant to the Equity and Incentive Plan (the “Plan”) of Employers Holdings, Inc. (the “Company”). The Options are subject to the terms and conditions set forth below in this Stock Option Agreement (this "Agreement") and in the Plan, which is a part of this Agreement. To the extent that there is a conflict between the terms of the Plan and this Agreement, the terms of the Plan shall govern. Any term not defined herein shall have the meaning assigned to such term in the Plan.
EMPLOYERS HOLDINGS, INC. EQUITY AND INCENTIVE PLAN PERFORMANCE SHARE AGREEMENTEquity and Incentive Plan • August 10th, 2007 • Employers Holdings, Inc. • Fire, marine & casualty insurance • Nevada
[_______ _____] (the “Grantee”) is hereby granted, effective as of the 8th day of August, 2007 (the “Date of Grant”), an award (the “Performance Share Award”) of the number of performance shares (the "Performance Shares") that are specified herein pursuant to the Equity and Incentive Plan (the “Plan”) of Employers Holdings, Inc. (the “Company”). The Performance Share Award is subject to the terms and conditions set forth below in this Performance Share Agreement (this “Agreement”) and of the Plan, which is a part of this Agreement. To the extent that there is a conflict between the terms of the Plan and this Agreement, the terms of the Plan shall govern. Any term not defined herein shall have the meaning assigned to such term in the Plan. This Agreement does not constitute an employment contract.
