Amendment No. 2 to Selective Insurance Group, Inc. Cash Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Selective Insurance Group, Inc. Cash Incentive Plan by changing the timing of cash payments for awards. Now, unless the Committee decides otherwise, all payments for awards will be made in cash as soon as possible in the year after the performance period ends. All other terms of the original plan remain unchanged.

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EX-10.14B 4 c72552exv10w14b.htm EXHIBIT 10.14B Filed by Bowne Pure Compliance  

Exhibit 10.14b
Amendment No. 2 to the
Selective Insurance Group, Inc.
Cash Incentive Plan
1.   The fifth sentence of Section 5 is deleted in its entirety and replaced with the following:
“Unless otherwise determined by the Committee, all payments in respect of Awards granted under this Plan shall be made, in cash, as soon as practicable in the calendar year following the end of the calendar year during which the Performance Period concludes.”
2.   Except as set forth in this Amendment No. 2, the Cash Incentive Plan shall remain in full force and effect.