List of Executive Officers Party to Change in Control Agreements with Harleysville Group Inc.
This document lists executive officers of Harleysville Group Inc. who are parties to Change in Control Agreements with the company. The agreements outline terms for compensation and employment in the event of a change in company control. While most agreements are similar, specific terms differ for Michael L. Browne and Theodore A. Majewski, including the duration of benefits and compensation factors. The agreements are designed to protect executives' interests if the company undergoes significant ownership or management changes.
EXHIBIT (10)(P)(1)
List of Executive Officers who are parties to
Change in Control Agreements with Harleysville Group Inc.
in the form filed as Exhibit (10)(P) with the Annual Report on Form 10-K
for the year ended December 31, 2009
Michael L. Browne, President Chief Executive Officer (1)
Mark R. Cummins, Executive Vice President, Chief Investment Officer and Treasurer
Allan R. Becker, Senior Vice President and Chief Actuary
Arthur E. Chandler, Senior Vice President and Chief Financial Officer
Thomas E. Clark, Senior Vice President, Field Operations
Donna M. Dever, Senior Vice President, Learning, Development & Process Improvement
Beth A. Friel, Senior Vice President, Human Resources
Robert A. Kauffman, Senior Vice President, Secretary, General Counsel and Chief Compliance Officer
Theodore A. Majewski, Senior Vice President, Personal Lines (2)
Kevin M. Toth, Senior Vice President and Chief Underwriting Officer
Akhil Tripathi, Senior Vice President and Chief Information Officer
Jonathan Young, Senior Vice President and Chief Claims Officer
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(1)
Mr. Browne’s agreement is substantially similar to the agreement with other executives except for the following: (a) the factor in Section 4(c)(ii)(b) is 2.999 instead of 2.000; (b) the period in (i) the last proviso to Section 1, (ii) the lead-in paragraph to Section 3, (iii) the lead-in paragraph to Section 3(c), and (iv) Section 4(c)(vii) is thirty-six (36) months instead of twenty-four months; (c) the Initial Expiration Date is December 31, 200[9], instead of December 31, 200[7]; and (d) in Section 1, the date January 1, 200[8] is January 1, 20[10].
(2)
Mr. Majewski’s agreement has the following differences: (a) the factor in Section 4(c)(ii)(b) is 1.000 instead of 2.000; and (b) the period in (i) the last proviso to Section 1, (ii) the lead-in paragraph to Section 3, (iii) the lead-in paragraph to Section 3(c), and (iv) Section 4(c)(vii) is twelve (12) months instead of twenty-four months.
