Progressive Corporation Executive Deferred Compensation Plan Revocation Election (Executive Bonus Plan Participants)

Summary

This document allows eligible executives of The Progressive Corporation who previously chose to defer their executive bonuses or restricted stock awards for 2005 or 2006 to revoke those deferral elections. Executives can select which specific deferral elections to revoke, but the revocation is only valid if received by the Committee by December 30, 2005. Once submitted, the revocation cannot be changed or withdrawn. The process is governed by the terms of the Executive Deferred Compensation Plan.

EX-10.E 7 l17423aexv10we.htm EXHIBIT 10(E) FORM OF PROGRESSIVE CORP EXECUTIVE DEFERRED Exhiit 10(E)

EXHIBIT 10(E)

Form of
The Progressive Corporation
Executive Deferred Compensation Plan
Revocation Election
For
Executive Bonus Plan Participants

This Revocation Election is entered into pursuant to the provisions of The Progressive Corporation Executive Deferred Compensation Plan (“Plan”). All capitalized terms in this Revocation Election shall have the meanings ascribed to them in the Plan.

WHEREAS, the undersigned Eligible Executive has previously elected to defer receipt of all or a portion of his Executive Bonus(es) that became payable or will become payable in 2005 or 2006 or has previously elected to defer receipt of his Restricted Stock Award granted in March, 2005; and

WHEREAS, such Eligible Executive now desires to revoke one or more of such elections;

NOW, THEREFORE, such Eligible Executive hereby elects to revoke one or more of such elections as follows: (Please check one or more of the boxes below, as desired)

			o I hereby revoke my deferral election relating to the Executive Bonus that originally became payable to me in January, 2005.

			o I hereby revoke my deferral election relating to the Executive Bonus that may become payable to me in 2006.

			o I hereby revoke my election to defer the time-based Restricted Stock Award granted to me in March, 2005.

			o I hereby revoke my election to defer the performance-based Restricted Stock Award granted to me in March, 2005.

I understand that this Revocation Election is subject to the terms, conditions and limitations of the Plan, as in effect from time to time, in all respects, and, once received by the Committee, may not be changed or revoked. I also understand that this Revocation Election will not become effective unless received by the Committee on or before December 30, 2005.



Name of Eligible Executive:



Signature of Eligible Executive:



Date: