THIRD AMENDMENT TO THE PROGRESSIVE CORPORATION 2003 INCENTIVE PLAN
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EX-10.2 3 dex102.htm THIRD AMENDMENT TO THE PROGRESSIVE CORPORATION 2003 INCENTIVE PLAN Third Amendment to The Progressive Corporation 2003 Incentive Plan
Exhibit 10.2
THIRD AMENDMENT
TO
THE PROGRESSIVE CORPORATION
2003 INCENTIVE PLAN
WHEREAS, The Progressive Corporation 2003 Incentive Plan, as heretofore amended (the “Plan”) is currently in effect; and
WHEREAS, the Board of Directors believes that it is desirable to further amend the Plan;
NOW, THEREFORE, the Plan is hereby amended as follows:
| 1. | Section 6(d), entitled “Buyout Provisions,” is hereby deleted in its entirety. |
| 2. | Except as expressly modified hereby, the terms of the Plan shall be unchanged. |
