FORM OF OPTION AGREEMENT ISSUED TO THE EXECUTIVE OFFICERS OF 1347 PROPERTY INSURANCE HOLDINGS, INC.Form of Option Agreement • March 26th, 2015 • 1347 Property Insurance Holdings, Inc. • Fire, marine & casualty insurance • Delaware
WHEREAS the Corporation has established the 2014 Equity Incentive Plan, as amended from time to time (the “Plan”), to attract, retain and motivate persons as directors, officers and other employees of the Corporation and its Subsidiaries and to advance the interests of the Corporation by providing such persons with the opportunity to acquire an increased proprietary interest in the Corporation pursuant to and in accordance with the Plan; and
FORM OF OPTION AGREEMENT ISSUED TO THE DIRECTORS OF 1347 PROPERTY INSURANCE HOLDINGS, INC.Form of Option Agreement • March 26th, 2015 • 1347 Property Insurance Holdings, Inc. • Fire, marine & casualty insurance • Delaware
WHEREAS the Corporation has established the 2014 Equity Incentive Plan, as amended from time to time (the “Plan”), to attract, retain and motivate persons as directors, officers and other employees of the Corporation and its Subsidiaries and to advance the interests of the Corporation by providing such persons with the opportunity to acquire an increased proprietary interest in the Corporation pursuant to and in accordance with the Plan; and
