Exhibit 10.2

THE PROGRESSIVE CORPORATION
2017 EXECUTIVE ANNUAL INCENTIVE PLAN

1.         Purposes.

The purpose of the Plan is to enhance the Company's ability to attract and
retain highly qualified executives, link compensation with the Company's annual
financial and operating goals, and provide such executives with cash incentives
to link the success of the Company and its Subsidiaries with compensation. The
Plan is intended to permit the granting of Awards that will constitute
"performance-based compensation" under Section 162(m) of the Code and the
regulations promulgated thereunder, as well as other kinds of Awards.
 
2.        Definitions.

           The following terms when used in the Plan shall, for the purposes of
the Plan, have the following meanings:

a.
"Award" means an award payable in cash to a Participant for a Fiscal Year in an
amount, if any, determined under Section 4 of the Plan, subject to the terms of
the Plan.

b.
"Award Agreement" means the written agreement and/or Committee resolutions
evidencing an Award. Any Award Agreement may contain additional terms and
provisions applicable to such Award(s), provided that such additional terms and
conditions are not inconsistent with the terms of the Plan.

c.    "Board" means the Board of Directors of the Company.

d.
"Business Unit" means any (i) business segment or unit, or subdivision thereof,
of the Company or any of its Subsidiaries, including but not limited to, Agency
Auto, Direct Auto, special lines, Personal Lines, Commercial Lines or Property,
(ii) investment operation, (iii) product line, (iv) product distribution
channel, (v) function, process, or other business category, (vi) geographic
operation, or (vii) any combination thereof.

e.
"Cause" means, unless otherwise determined by the Committee and stated in the
Award Agreement for any Award: a felony conviction of a Participant or the
failure of a Participant to contest prosecution for a felony; a Participant’s
willful misconduct or dishonesty, any of which, in the judgment of the
Committee, is harmful to the business or reputation of the Company or any
Subsidiary or Affiliate; or any material violation (in the judgment of the
Committee) of any of the provisions of a Code of Conduct, or any confidentiality
agreement, non-solicitation agreement, non-competition agreement or other
agreement between the Participant and the Company.

f.    "Code" means the Internal Revenue Code of 1986, as amended.

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g.
"Code of Conduct" means the Company’s Code of Business Conduct and Ethics, the
Chief Executive Officer/Senior Financial Officers Code of Ethics (if applicable
to the Participant), and/or any other Company code or standards of conduct
applicable to the Participant from time to time.

h.
"Committee" means the committee designated pursuant to Section 3 that
administers the Plan.

i.    "Company" means The Progressive Corporation.

j.
"Covered Participant" shall mean each employee of the Company or a Subsidiary
who receives an Award for an applicable Fiscal Year and is expected to be a
"covered employee" (as defined in Section 162(m) of the Code) for the applicable
Fiscal Year, and any other employee designated by the Committee, in its sole
discretion.

k.    "Fiscal Year" means the Company’s fiscal year.

l.    “Outside Director" has the meaning assigned to that term in Section
162(m).

m.
"Participant" means each employee of the Company or a Subsidiary who is selected
by the Committee to be a participant in the Plan.

n.
"Performance Measures" means the performance goals selected and established by
the Committee for the purposes of determining the extent to which any Award will
be paid and which, in the case of any Award that is intended to qualify as a
Qualified Performance-Based Award, shall be based on objective criteria relating
to one or more of the following measures: revenues; premiums (written, net,
earned, per policy or per vehicle); expense levels; cost control or cost savings
levels; combined ratio (target, weighted, variation from target, or cohort
(expected lifetime combined ratio for a group of policies commencing during a
specified time period)); return on shareholder equity, assets, revenue or
capital (including return on total capital or return on invested capital);
policies in force; policy renewals; policy life expectancy; vehicles insured;
drivers insured; households insured; earned car years; market share; physical
damage earned car years; investment income; investment returns; net realized
gains; net income; comprehensive income; shareholder equity; net book value per
share; total shareholder return; earnings; operating income; earnings before
interest, taxes and/or depreciation and amortization; customer satisfaction;
customer retention; customer loyalty; strategic business criteria based on
meeting specified premium or revenue goals, market penetration goals, investment
performance goals, business expansion goals or loss targets; accomplishment of
mergers, acquisitions, dispositions or similar extraordinary business
transactions; cash; or value of a share of Stock.

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Performance Measures for an Award intended to qualify as a Qualified
Performance-Based Award (i) may be measured with respect to the Company, a
Subsidiary, or a Business Unit, (ii) may reflect absolute performance or a
relative comparison of performance to results in other periods, to a target, to
a peer group of entities, to an index, or to another external measure, and (iii)
may be measured on an aggregate or a per share basis. With respect to investment
performance, such Performance Measures may also (a) be measured by reference to
a specific portion of a portfolio or assets under management and/or (b) reflect
risk adjustment and/or the benefit of any state premium tax abatements
attributable to the investment portfolio(s) or investment(s) that is the subject
of such goals.

At the time the Committee establishes Performance Measures for Awards (or
otherwise within the time period permitted under Section 162(m), to the extent
Awards to which the Performance Measures relate are intended to qualify as
Qualified Performance-Based Awards), the Committee may provide in the related
Award Agreement for the exclusion from any one or more applicable periods of the
impact of unusual or infrequent items to the extent permitted for qualified
performance-based compensation by Section 162(m), including, without limitation,
(I) any act of God or nature that adversely affects the Company’s business
operations for a significant period of time, (II) any profit, loss or expense
attributable to acquisitions or dispositions of stock, assets or any other
portion of a business, (III) operating or financial results attributable to the
operations of an entity or business acquired or disposed of by the Company, (IV)
gains or losses due to litigation or settlements or the write-down of a
significant amount of assets, (V) the impact of currency exchange fluctuations,
(VI) all other items of gain, loss or expense determined to be unusual in nature
or infrequent in occurrence, and (VII) such other items as may be permitted for
qualified performance-based compensation by Section 162(m) of the Code and any
amendments, revisions or successor provision thereto. Unless expressly
determined by the Committee at the time the Performance Measures for an Award
are established and stated in the related Award Agreement, the satisfaction of
any Performance Measures shall be determined by eliminating the impact of any
change in accounting rules which becomes effective following the time such
Performance Measures are established.

o.
"Plan" means The Progressive Corporation 2017 Executive Annual Incentive Plan,
as it may be amended from time to time.

p.
"Qualified Performance-Based Award" means any Award or portion of an Award that
is intended to qualify as performance-based compensation under Section 162(m)
and awarded to a Covered Participant.

q.
"Section 16 Officer" means any Participant who is an "officer" of the Company as
that term is defined in Rule 16a-1(f) under the Securities Exchange Act of 1934,
as amended.

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r.
"Section 162(m)" means Section 162(m) of the Code (or any successor provision)
and the regulations promulgated thereunder.

s.
“Section 409A” means Section 409A of the Code (or any successor provision) and
the regulations promulgated thereunder.

t.
“Section 409A-Covered Deferred Compensation Plan” means The Progressive
Corporation Executive Deferred Compensation Plan, as amended from time to time,
or other applicable written deferred compensation arrangement maintained by the
Company and intended to be a nonqualified deferred compensation plan compliant
with Section 409A.

u.
"Subsidiary" means any corporation, business trust, limited liability company,
partnership or similar business entity in an unbroken chain beginning with the
Company, if the Company or other entities in the chain own (a) more than 50% of
the equity interests or partnership interests or (b) Voting Securities
representing more than 50% of the aggregate Voting Power of the then-outstanding
Voting Securities in such entity.

v.
"Voting Power" means the combined voting power of the then-outstanding Voting
Securities.

w.
"Voting Securities" of a corporation means securities of such corporation that
are entitled to vote generally in the election of directors of such corporation;
and "Voting Securities" of any other entity shall mean equity interests.

3.        Administration of the Plan.

a.
The Plan shall be administered by the Compensation Committee of the Board or
such other committee as the Board shall select. The Committee shall consist of
not less than two directors of the Company, all of whom shall be Outside
Directors within the meaning of Section 162(m); provided, however, if at any
time not all members satisfy such definitions, all actions taken by the
Committee shall nonetheless be valid for all purposes other than Section 162(m).
The members of the Committee shall be appointed from time to time by, and shall
serve at the discretion of, the Board.

b.
The Committee shall have the sole discretionary authority to take all actions
and make all determinations it deems necessary or advisable for the
administration of the Plan, including, without limitation, (i) selection of
Participants, (ii) subject to the limitations set forth herein, determination of
the timing and amount of Awards made to each Participant, (iii) selection of
Performance Measures and other terms applicable to Awards, (iv) certification
that the Performance Measures and any other material terms of Qualified
Performance-Based Awards were satisfied; and (v) interpretation of the terms of
the Plan, Awards and Award Agreements. All interpretations, determinations and
other decisions made by the Committee

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pursuant to the provisions of the Plan and all related Award Agreements shall be
final, conclusive and binding on all persons, including the Company, its
Subsidiaries, its shareholders, the Participants, and their estates and
beneficiaries, and no member of the Board or the Committee shall incur any
liability for any action taken or omitted, or any determination made, in good
faith with respect to the Plan or any Award granted under the Plan. The
Committee may consult with the Company’s management and retain consultants and
advisors. The Committee may delegate its authority in whole or part to a
subcommittee of the Committee, such subcommittee consisting of not less than two
directors of the Company, all of whom are Outside Directors.

c.
Qualified Performance-Based Awards are intended to be administered and
interpreted in a manner that is consistent with qualification of such Awards as
"performance-based compensation" within the meaning of Section 162(m).

d.
In the event of (a) any merger, reorganization, consolidation, recapitalization,
liquidation, reclassification, stock dividend, stock split, combination of
shares, rights offering, extraordinary dividend (including a spin-off), or other
similar change affecting the Company’s common shares; (b) any purchase,
acquisition, sale, or disposition of a significant amount of assets other than
in the ordinary course of business, or of a significant business; (c) any change
resulting from the accounting effects of discontinued operations, extraordinary
income or loss, changes in accounting as determined under GAAP, or restatement
of earnings; or (d) any charge or credit resulting from an item which is
classified as "non-recurring,” "restructuring," or similar unusual item on the
Company’s audited annual Statement of Comprehensive Income which, in the case of
(a) – (d), results in a change in the components of the calculations of any of
the Performance Measures as established by the Committee, in each case with
respect to the Company or any other entity whose performance is relevant to the
achievement of such Performance Measures, if any, upon which an Award is based,
the Committee shall, without the consent of any affected Participant, amend or
modify the terms of any outstanding Award that is based in whole or in part on
the performance of the Company (or any Subsidiary or division thereof) or such
other entity so as equitably to reflect such event or events, provided, however,
that, with respect to any Qualified Performance-Based Award, the Committee shall
not take any action pursuant to this Section which would constitute an
impermissible exercise of discretion pursuant to Section 162(m) of the Code.

4.        Awards.

a.
In General.    Awards under the Plan shall consist of annual incentive awards
payable in cash. All officers and other key employees of the Company and its
Subsidiaries are eligible to be selected to be Participants. The Committee will
select the employees who will receive Awards and establish the Performance
Measures for such Awards. Only employees who are selected by the Committee to
receive Awards shall be Participants in the Plan. Awards can be expressed as

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set dollar amounts or as a percentage of a Participant’s salary earned with
respect to (or eligible earnings for) the Fiscal Year or other formula and may
include a threshold level of performance below which no Award payment shall be
earned, target levels of performance at which specific Award payments will be
earned, and a maximum level of performance at which (and above which) the
maximum level of Award payment will be earned.

b.
Qualified Performance-Based Awards.    With respect to Qualified
Performance-Based Awards, the Committee shall establish one or more written
Performance Measures, within ninety (90) days after the beginning of the Fiscal
Year (or, if the service period relating to the Award is less than a full year,
within the first twenty-five percent (25%) of such service period, as scheduled
in good faith at the time the Performance Measure is established), and while the
outcome of the Performance Measure is substantially uncertain. Such Performance
Measure shall state, in terms of an objective formula or standard, the method
for computing the amount of the Award payable (before any discretionary
reduction by the Committee) to each Participant if the Performance Measure is
attained. The Award shall be based on one or more Performance Measures selected
by the Committee and may be expressed in terms of an incentive pool in which one
or more Covered Participants participate or as separate formulas or standards
for the Covered Participants; provided, however, that in all cases the
Performance Measures shall be expressed in a manner so that a third party having
knowledge of the relevant performance results could calculate the amounts to be
paid to the Covered Participants. As soon as practicable after the end of the
Fiscal Year (but in all events prior to payment of any Covered Participant's
Award), the Committee shall certify in writing prior to payment of any Award
that the Performance Measures and any other material terms were satisfied. The
Committee may condition payment of each Covered Participant's Award upon the
satisfaction of such additional objective or subjective goals or standards as
the Committee shall determine to be appropriate, in its sole discretion;
provided, however, that such authority to condition payment upon the
satisfaction of additional objective or subjective goals or standards shall not
be deemed to give the Committee the discretion to increase the amount otherwise
payable upon attainment of the pre-established Performance Measures. The
Committee shall retain the discretion at any time before payment to reduce the
amount of any Qualified Performance-Based Award that would otherwise be payable
to a Covered Participant, including a reduction in such amount to zero, for any
or no reason as the Committee may determine in its sole discretion. In no event
shall the exercise of such negative discretion with respect to a Covered
Participant's Award result in an increase in the amount payable to another
Covered Participant. The maximum amount that may be paid to any one Covered
Participant pursuant to a Qualified Performance-Based Award for any Fiscal Year
shall be $8,000,000. A Qualified Performance-Based Award shall not be paid
unless the Committee certifies in accordance with this section that the
applicable Performance Measures have been satisfied, except that the Committee
may provide in the Award

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Agreement that such Award is payable in whole or in part if the Participant dies
or becomes disabled before the Performance Measures are certified.

c.
Awards other than Qualified Performance-Based Awards.    Awards provided under
the Plan that are not intended to be Qualified Performance-Based Awards shall be
based on terms and conditions established by the Committee in its sole
discretion. Such Awards may, but need not, be expressed as an incentive pool and
may be based upon attainment of Performance Measures or such other measures or
goals as the Committee may designate. The Committee may condition payment of
such an Award upon the satisfaction of such objective and/or subjective
standards as the Committee shall determine to be appropriate, in its sole
discretion, and shall retain the discretion at any time before payment to
increase or reduce the amount of any Award that would otherwise be payable to a
Participant, for any or no reason as determined by the Committee in its
discretion, including a reduction in such amount to zero.

d.
Awards for New Hires. For a Participant who is first hired as an employee and
who becomes a Participant after the first day of the Performance Period, the
performance goals and other criteria for any Qualified Performance-Based Award
shall be established by the Committee within the time period permitted by
Section 162(m).

e.
Participation Not Exclusive. A Participant may also be eligible to participate
in other Progressive annual incentive or bonus plans (including, without
limitation, the annual Gainsharing Plan, The Progressive Capital Management
Annual Incentive Plan or any successor to either of those plans) with respect to
any Fiscal Year.

5.        Payment of Awards.

a.
Unless the Committee or a Participant elects to defer payment of Awards, Awards
under the Plan shall be paid to Participants as soon as practicable after (i) in
the case of Qualified Performance-Based Awards, after the Committee certifies
that the applicable Performance Measures and any other material terms were in
fact satisfied, and (ii) in the case of Awards other than Qualified
Performance-Based Awards, the end of the Fiscal Year to which performance
relates; provided, however, that, unless deferred under this Section, neither
type of Award shall be paid after March 15 of the year following the Fiscal Year
to which performance relates. Participants may also be permitted to elect to
defer payment of all or part of one or more Awards subject to and in accordance
with the terms of a Section 409A-Covered Deferred Compensation Plan. Any such
deferred Awards, instead of being paid to the Participant, shall be credited to
the Participant’s account under and paid in accordance with the terms and
conditions of such deferral plan or arrangement.

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b.
Awards shall be paid in cash, less required deductions and withholding for
federal, state and local taxes and other items.

c.
The Committee may provide, in any Award Agreement, that a Participant must be
employed through a specified date in order to receive payment of an Award and
may provide for exceptions to such provision, including in the event of leave of
absence, disability or death; provided, however, that Awards shall in all events
remain subject to the Committee's discretion to reduce or eliminate Awards in
its discretion at any time before payment is made, and any such provisions with
respect to Qualified Performance-Based Awards must comply with Section 4.b.
herein. No Participant shall have the right to receive any payment pursuant to
an Award if, prior to such payment being made, Participant’s employment is
terminated by the Company or a Subsidiary for Cause, or if there occurs any
action or inaction that constitutes grounds for termination for Cause or
otherwise constitutes grounds for immediate termination of employment under the
Company’s employment practices or policies as then in effect, as determined by
the Compensation Committee in its sole discretion.

d.
Failure to satisfy the employment condition set forth in Section 5.c. shall
result in forfeiture of any Award that otherwise would have been earned.

e.    The following provisions shall apply to each Award:

(i)    If (A) an Award granted to any Section 16 Officer shall be paid on
the basis of the achievement of certain financial or operating results as
specified by the Committee (which includes, for purposes hereof, all of the
Performance Measures that are available to the Committee under this Plan), (B)
those financial or operating results were incorrect and were subsequently the
subject of a restatement by the Company within three (3) years after the date of
payment, and (C) the payment would not have occurred in whole or in part if the
actual financial or operating results had been known as of the date of payment,
then the Company shall have the right of recoupment from the Section 16 Officer
who received, or elected to defer, such payment. The Company will have this
right of recoupment whether or not the Section 16 Officer in question was at
fault or responsible in any way in causing such restatement. In such
circumstances, the Company will have the right to recover from each Section 16
Officer, and each such officer will refund to the Company promptly on demand, at
the Company’s discretion the payment made or deferred (as applicable) to the
extent based on the incorrect operating or financial results. Such recovery, at
the Committee’s discretion, may be made by lump sum payment, installment
payments, credits against unvested Awards made hereunder, credits against future
bonus or other incentive payments or awards, credits against any other
compensation, or other appropriate mechanism.

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(ii)
If any recipient of an Award engaged in fraud or other misconduct (as determined
by the Committee or the Board) resulting, in whole or in part, in a restatement
of the financial or operating results used to determine the amount of an Award
hereunder, the Company will have the right to recoup from such individual, and
such individual will pay to the Company promptly upon demand the entire amount
paid or deferred (as applicable) with respect to such Award, plus interest at
the rate of eight percent (8%) per annum or, if lower, the highest rate
permitted by law, calculated from such payment or deferral date. The Company
further shall have the right to terminate and cancel any and all Awards
previously made to such individual that are then outstanding, and to recover
from such individual the Company’s costs and expenses incurred in connection
with recovering such funds from such individual and enforcing its rights under
this subsection (ii), including, without limitation, reasonable attorneys’ fees
and court costs. There shall be no time limit on the Company’s right to recover
such amounts under this subsection (ii), except as otherwise provided by
applicable law.

(iii)
If the Securities and Exchange Commission adopts final rules under Section 954
of the Dodd-Frank Wall Street Reform and Consumer Protection Act that require,
as a condition to the Company’s continued listing on a national securities
exchange ("Exchange"), that the Company develop and implement a policy requiring
the recovery of erroneously awarded compensation, and such regulations are
applicable to a Participant and an Award granted pursuant to the Plan (including
any award granted before such final rules are adopted), then all Awards shall be
subject to recoupment pursuant to the terms of the rules of the Securities and
Exchange Commission and any applicable Exchange, and any policy of the Company
adopted in response to such rules.

(iv)
The rights contained in this subsection 5.e. shall be in addition to, and shall
not limit any other rights or remedies that the Company may have under this Plan
or under any applicable law or regulation.

    
f.
Nothing contained in Section 5.e. shall be deemed to (i) limit any additional
legal or equitable rights or remedies the Company may have under applicable law
with respect to any Participant who may have caused or contributed to the
Company's need to restate its financial results. If any of the covenants
contained in Section 5.e. or any part thereof, are held to be unenforceable, the
court making such determination shall have the power to revise or modify such
provision to make it enforceable to the maximum extent permitted by applicable
law and, in its revised or modified form, said provision shall then be
enforceable.

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6.        Miscellaneous.

a.    All amounts payable hereunder shall be payable only to the Participant, or
in the event of the Participant's death, the Participant's estate. The rights
and interests of a Participant under the Plan may not be assigned, encumbered,
or transferred, voluntarily or involuntarily, other than by will or the laws of
descent and distribution. Nothing herein shall prevent any Participant's
interest hereunder from being subject to involuntary attachment, levy or other
legal process. In the event any Participant’s right to an Award is transferred
or assigned pursuant to a court order, the Company shall have the right to
offset against payment pursuant to such Award any expenses (including attorneys’
fees) incurred by the Company in connection with such transfer or assignment.

b.
No individual shall have any claim or right to be a Participant in the Plan at
any time or, having received an Award in one Fiscal Year, to receive an Award in
another Fiscal Year, and any individual's participation in the Plan may be
terminated at any time with or without notice, reason, or regard to past
practices.

c.
Neither the Plan nor any action hereunder shall confer on any person any right
to remain in the employ of the Company or any of its Subsidiaries or shall
affect an employee's compensation not arising under the Plan. Neither the
adoption of the Plan nor its operation shall in any way affect the right and
power of the Company or any Subsidiary to discipline or discharge any employee,
or change the job title, duties, authority, position or compensation of any
Participant, at any time or without assigning a reason therefor.

d.
The Plan will be unfunded and all payments due under the Plan shall be made from
the Company’s general assets.

e.
The Company and its Subsidiaries shall have the right to deduct from any Award,
prior to payment, the amount of any taxes required to be withheld by any
federal, state, local or foreign government with respect to such payments. In
addition, the Company shall have the unrestricted right to set off against or
recover out of any Award any amounts owed by such Participant (including without
limitation pursuant to Section 5.e of the Plan) to the Company or any of its
Subsidiaries.

f.
The Committee may rely upon any information supplied to it by any officer of the
Company or any Subsidiary or by any independent accountant for the Company and
may rely upon the advice of counsel in connection with the administration of the
Plan and shall be fully protected in relying upon such information or advice.

g.
All expenses and costs in connection with the administration of the Plan shall
be borne by the Company.

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h.
The Plan and any Award Agreements entered into thereunder shall be governed by
and construed in accordance with the laws of the State of Ohio applicable to
contracts made and performed wholly within such state by residents thereof.

i.
Awards under the Plan are intended to be exempt from Section 409A because no
legally binding right to any Award arises until the payment date, and, in the
alternative, because any Award is a short term deferral under Section 409A; the
Plan shall be administered and interpreted accordingly. Notwithstanding any
provision of the Plan to the contrary, if the Committee determines that any
Award may constitute deferred compensation subject to Section 409A, the
Committee may take any actions necessary to preserve the intended tax treatment
of the benefits provided with respect to the Award. Any Award that is subject to
Section 409A because deferred pursuant to the terms of a Section 409A-Covered
Deferred Compensation Plan shall be paid according to the terms of such plan.

j.
To the extent the Committee deems it necessary, appropriate or desirable to
comply with foreign law or practice and to further the purposes of the Plan, the
Committee may, without amending the Plan, (i) establish rules applicable to
Awards granted to Participants who are foreign nationals, are employed outside
the United States, or both, including rules that differ from those set forth in
this Plan, and (ii) grant Awards to such Participants in accordance with those
rules.

k.
Nothing contained in this Plan shall prevent the Board or the Committee from
adopting other or additional compensation arrangements, subject to shareholder
approval if such approval is required; and such arrangements may be either
generally applicable or applicable only to specific individuals in specific
cases. For purposes of this Plan, a transfer of the employment of a Participant
between the Company and any of its Subsidiaries, or between any Subsidiaries,
shall not be deemed a termination of employment or adversely affect or enlarge
the rights of any Participant under this Plan or with respect to any Award.

7.        Amendment or Termination.

           The Committee may at any time and from time to time, suspend,
terminate, modify or amend the Plan; provided, however, that no amendment that
requires shareholder approval in order to maintain the qualification of
Qualified Performance-Based Awards as performance-based compensation pursuant to
Section 162(m) shall be made without such shareholder approval.
 
Any Award may be terminated, amended or revised, in whole or in part, at any
time and
from time to time by the Committee, in its sole discretion and without the
consent of the affected Participant; provided that, with respect to any
Qualified Performance-Based Award, the Committee may not increase the amount of
compensation payable hereunder to any Participant above the amount that would
otherwise be payable upon attainment of the applicable Performance Measures, or
accelerate the payment of any portion of an Award due to any Participant under
the Plan, without discounting the amount of such payment in accordance with

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Section 162(m), except as otherwise provided for payments upon death or
disability pursuant to Section 4.b. Notwithstanding anything to the contrary
contained herein, the Committee may, in its sole discretion, reduce the amount
of, or eliminate in full, any Award for any Fiscal Year at any time before
payment, for any or no reason. The Committee may, in its sole discretion, treat
individual Participants differently for these purposes. Any such determination
by the Committee shall be final and binding on each Participant whose Award is
affected thereby and on such Participant’s estate and beneficiaries.

8.        Effective Date.

   On February 17, 2017, the Plan was adopted by the Board, subject to approval
of the material terms of the Plan by the Company's shareholders at the Company's
2017 Annual Shareholders Meeting. If shareholders do not approve the Plan at the
Annual Meeting of Shareholders in May 2017, this Plan shall automatically
terminate and be of no further force or effect.

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