OLD REPUBLIC INTERNATIONAL
CORPORATION
KEY EMPLOYEES PERFORMANCE RECOGNITION PLAN
(AMENDED AND RESTATED AS OF JANUARY 1, 2018)

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OLD REPUBLIC INTERNATIONAL CORPORATION
KEY EMPLOYEES PERFORMANCE RECOGNITION PLAN
(Amended and Restated as of January 1, 2018)
ARTICLE ONE

PURPOSE AND EFFECTIVE DATE
1.1    The Purpose of this Plan is to further the long-term growth in earnings
of Old Republic International Corporation by offering long-term incentives in
addition to current compensation to those officers and key employees of Old
Republic International Corporation and its subsidiaries who have been or are
expected to be largely responsible for such growth.
1.2    This restated Plan is effective as of January 1, 2018, and shall apply to
calculations and awards made in 2018 and subsequent years.
1.3    The Company intends that this Plan comply with the provisions of Section
409A of the Internal Revenue Code of 1986, as amended (the "Code"), and the
Department of Treasury regulations and other guidance promulgated thereunder.
This Plan shall be administered in a manner that will comply with Section 409A
of the Code. Any provision of this Plan that is not in compliance with Section
409A shall have no force and effect, and no action shall be taken with respect
to this Plan that would violate any provisions of Section 409A.
ARTICLE TWO
DEFINITIONS
2.1    "Average Excess Return on Equity" shall mean the positive or negative
difference between (a) the average of the Company's Annual Return on Equity
percentage for the Calculation Period and (b) the average Minimum Return on
Equity for the Calculation Period.
2.2    "Average Net Income" shall mean the average Net Income for the
Calculation Period. If in any fiscal year the Company acquires any other
business accounted for as a purchase whose earnings contribute five percent (5%)
or more to such fiscal year's Net Income, the earnings of the acquired Company
for the year of acquisition and the next succeeding year shall be eliminated
(together with related purchase accounting adjustments) in order to calculate
the Performance Recognition Pool for any Award Year. In the third fiscal year
following such acquisition, the acquired business's results shall be included
retroactively for the Performance Recognition Pool calculations for the
Calculation Period.
2.3    "Average Premiums and Fees Earned Growth" shall mean the amount by which
the average of the premiums and fees earned for each fiscal year in the
Calculation Period exceeds or is less than the average of the premiums and fees
earned for next preceding five (5) fiscal years or such other time period set by
the Committee.

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2.4    "Average Underwriting/Service Income" shall mean the positive or negative
amount by which the average annual underwriting/service income for the
Calculation Period exceeds or is less than the average of the
underwriting/service income for the next preceding five (5) fiscal years or such
other time period set by the Committee.
2.5    "Award Year" is the fiscal year immediately following the Calculation
Period and for which the Committee in its discretion declares a Performance
Recognition Pool available for distribution to Eligible Employees.
2.6    "Base Salary" shall mean the Eligible Employees' basic salary at the rate
in effect at the end of the Calculation Period, excluding bonuses, overtime,
extraordinary compensation and contributions to the Old Republic International
Corporation Employees Savings and Stock Ownership Plan, Old Republic
International Corporation Baseline Security Plan, and any other cash or deferred
compensation plan.
2.7    "Calculation Period" shall mean the Company's five (5) fiscal years, or
such other time period set by the Committee, immediately preceding the Award
Year.
2.8    "Change of Control" shall mean any one of the following events that
constitutes a "change in the ownership or effectiveness control of the
corporation, or in the ownership of a substantial portion of the assets of the
corporation" under Section 409A of the Code:
(a)    Any one person, or more than one person acting as a group (within the
meaning of Section 409A of the Code and the applicable regulations and guidance
promulgated thereunder), other than the Old Republic International Corporation
Employees Savings and Stock Ownership Trust or any other trust established by or
contributed to by the Company or any of its subsidiaries for the benefit of
employees of the Company or its subsidiaries, acquires ownership of stock of the
Company that, together with stock held by such person or group, constitutes more
than fifty percent (50%) of the total fair market value or total voting power of
the stock of the Company; provided that, if any one person or more than one
person acting as a group, is considered to own more than fifty percent (50%) of
the total fair market value or total voting power of the stock of the Company,
the acquisition of additional stock by the same person or persons is not
considered to cause a "Change of Control;" and provided further that, an
increase in the percentage of stock owned by any one person, or persons acting
as a group, as a result of a transaction in which the Company acquires its stock
in exchange for property will be treated as an acquisition of stock for purposes
of this paragraph.
(b)    Any one person, or more than one person acting as a group (within the
meaning of Section 409A of the Code and the applicable regulations and guidance
promulgated thereunder), other than the Old Republic International Corporation
Employees Savings and Stock Ownership Trust or any other trust established by or
contributed to by the Company or any of its subsidiaries for the benefit of
employees of the Company or its subsidiaries, acquires (or has acquired during
the 12-month period ending on the date of the most recent acquisition by such
person or persons) ownership of stock of the Company possessing thirty-five
percent (35%) or more of the total voting power of the stock of the Company.

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(c)    The date, during any period of twelve (12) consecutive months, on which
individuals who at the beginning of such period constitute the entire Board of
Directors of the Company shall cease for any reason to constitute a majority
thereof, unless the election of each new director comprising the majority was
approved by a vote of at least a majority of the Continuing Directors, as
hereinafter defined, in office on the date immediately prior to the date of such
election. For purposes hereof, a "Continuing Director" shall mean:
(i)    any member of the Board of Directors of the Company at the close of
business on January 1, 2018;
(ii)    any member of the Board of Directors of the Company who succeeded any
Continuing Director described in subparagraph (a) above if such successor was
elected, or nominated for election by the Company's stockholders, by a majority
of the Continuing Directors then still in office; or
(iii)    any director elected, or nominated for election by the Company's
stockholders, to fill any vacancy or newly-created directorship on the Board of
Directors of the Parent Company by a majority of the Continuing Directors then
still in office.
(d)    Any one person, or more than one person acting as a group (within the
meaning of Section 409A of the Code and the applicable regulations and guidance
promulgated thereunder), acquires (or has acquired during the twelve­ month
period ending on the date of the most recent acquisition by such person or
persons) assets from the Company that have a total gross fair market value equal
to or more than forty percent (40%) of the total gross fair market value of all
the assets of the Company immediately prior to such acquisition or acquisitions.
For the purposes of this paragraph, "gross fair market value" means the value of
the assets of the Company, or the value of the assets being disposed of,
determined without regard to any liabilities associated with such assets. In
addition, a transfer of assets by the Company under this paragraph shall not be
considered a "Change of Control" if the assets are transferred to:
(i)    A shareholder of the Company (immediately before the asset transfer) in
exchange for or with respect to the Company's stock;
(ii)    An entity, fifty percent (50%) or more of the total value or voting
power of which is owned, directly or indirectly, by the Company;
(iii)    A person, or more than one person acting as a group, that owns,
directly or indirectly, fifty percent (50%) or more of the total value or voting
power of all the outstanding stock of the Company; or
(iv)    An entity, at least fifty percent (50%) of the total value or voting
power of which is owned, directly or indirectly, by a person described in
paragraph (c) above.

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2.9    "Chief Executive Officer" or "CEO" shall mean the chief executive officer
of the Company.
2.10    "Committee" shall mean the Compensation Committee of the Board of
Directors of the Company.
2.11    "Company" shall mean Old Republic International Corporation, a
corporation organized under the laws of the State of Delaware.
2.12    "Company's Annual Return on Equity" shall mean the percentage obtained
by comparing the consolidated GAAP annual Net Income with the consolidated
average shareholders' equity (i.e., the mean of beginning and ending balances
excluding unrealized investment gains or losses net of applicable income taxes,
if any).
2.13    "Composite Investment Income Yield" shall mean the composite investment
income yield on the Company's consolidated investment portfolio for the year
immediately preceding the Award Year.
2.14    "Composite Ratio Multiplier" shall be a percentage derived from the
average composite ratio of the Company for the Calculation Period as follows:
Average Composite Ratio
Resulting Composite Ratio Multiplier
90.00% and below
150%
90.01% to 93.00%
140%
93.01% to 96.00%
130%
96.01% to 99.00%
120%
99.01% to 102.00%
110%
102.01% to 105.00%
100%
Above 105.00%
50%

2.15    "Eligible Employee" shall mean an Employee who pursuant to Section 5.1
hereof has been selected to share in the allocation of the Performance
Recognition Pool for any given year.
2.16    "Employee" shall mean any person who is employed by the Employer on a
full-time basis and who is compensated by the Employer for such employment by a
regular salary. "Employee" shall not include directors who are not otherwise
officers or employees of the Employer.
2.17    "Employer" and "Employers" shall mean the Company and each other
corporation or organization which is wholly or partially owned by the Company,
either directly or indirectly, and is designated by the Committee as an Employer
under this Plan.

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2.18    "Minimum Return on Equity" shall mean a percentage applied to the
Company's average consolidated and combined shareholders' equity (i.e., mean of
beginning and ending balances, excluding unrealized investment gains or losses,
net of applicable income taxes, if any) for each fiscal year in the Calculation
Period. The percentage shall be that percentage, obtained from public
information, equal to two times the mean of the five year average post-tax yield
on 10-year and 30-year U.S. Treasury Securities. The Committee shall annually
compute and announce these values as they pertain to a Calculation Period.
2.19    "Multiplier Adjusted Preliminary Performance Recognition Pool" shall be
equal to the Preliminary Performance Recognition Pool multiplied by the
Composite Ratio Multiplier.
2.20    "Multiplier Adjusted Salaries" shall be the sum of the Eligible
Employees' Base Salaries multiplied by the Composite Ratio Multiplier.
2.21    "Net Income" shall mean the GAAP annual net income (excluding post-tax
realized and unrealized gains or losses on investments or any other assets,
extraordinary credits or charges, and income or losses from businesses
classified as discontinued or run-off operations in the Company's reports to
shareholders).
2.22    "Plan" shall mean this "Old Republic International Corporation Key
Employees Performance Recognition Plan", formerly the "Old Republic
International Corporation 2005 Key Employees Performance Recognition Plan."
2.23    "Plan Account" shall mean with respect to any Employee, unless otherwise
specified, the balance in his 2005 Plan Account under the Plan as of December
31, 2014, adjusted after that date as follows:
(a)    plus amounts credited in connection with the allocations and interest
credited to such account pursuant to Articles Five and Six of this Plan;
(b)    less payments to him or her under the Plan pursuant to Article Six of
this Plan; and
(c)    less forfeitures, if any, pursuant to Articles Six and Seven of this
Plan.
2.24    "Preliminary Performance Recognition Pool" shall mean the sum of:
(a)    a factor determined annually by Committee multiplied by Average Premiums
and Fees Earned Growth;
(b)    a factor determined annually by the Committee multiplied by Average
Excess Return on Equity; and
(c)    a factor determined annually by the Committee multiplied by Average
Underwriting/Service Income.

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2.25    "Year of Service" shall mean each year of continuous employment with an
Employer after first being designated as an Eligible Employee pursuant to
Section 5.1 hereof.
ARTICLE THREE
ADMINISTRATION
3.1    The Plan shall be administered by the Committee which shall be appointed
by the Board of Directors of the Company from its own members. The membership of
the Committee may be reduced, changed, or increased from time to time in the
absolute discretion of the Board of Directors of the Company. The Committee
shall not include any Eligible Employee under this Plan.
3.2    The Committee shall have the authority to interpret the Plan, to
establish and revise rules and regulations relating to the Plan, and to make the
determinations which it believes necessary or advisable for the administration
of the Plan.
ARTICLE FOUR
CALCULATION OF THE PERFORMANCE RECOGNITION POOL
4.1    Prior to May 31, but not before March 15 of each Award Year, the
Committee shall determine the amount of the Performance Recognition Pool
available for that Award Year. The Available Performance Recognition Pool for
any Award Year shall ordinarily be equal to the least of:
(a)    the Multiplier Adjusted Preliminary Performance Recognition Pool; or
(b)    a factor determined annually by the Committee multiplied by the annual
average Net Income for the Calculation Period; or
(c)    a factor determined annually by the Committee multiplied by Multiplier
Adjusted Salaries for the fiscal year immediately preceding the Award Year.
To the Available Performance Recognition Pool shall be added any undistributed
amounts of the Performance Recognition Pool of the immediately preceding four
(4), or such other number set by the Committee, Award Years. This sum shall be
adjusted downward by applying the following penalty percentages following any
fiscal year in which the Company has incurred a Net Loss:
25% for a first preceding year Net Loss
50% for a second preceding year Net Loss
75% for a third preceding year Net Loss
100% for a fourth preceding year Net Loss

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The resulting amount shall be the Performance Recognition Pool available for
distribution in the current Award Year. The Committee, with the Company's CEO's
advice and recommendation, shall determine in its sole discretion the total
amount of the Performance Recognition Pool to be distributed to Eligible
Employees after first determining the portion, if any, to be distributed to the
Company's CEO. The Company's CEO shall then allocate the remaining portion to
Eligible Employees and report this allocation to the Committee at its next
regularly scheduled meeting. Any portion of the Performance Recognition Pool not
distributed by the Committee must be carried forward to the succeeding Award
Year's calculations, provided however that any such carry forward must be so
allocated by no later than the third succeeding Award Year.
ARTICLE FIVE
ALLOCATION OF THE PERFORMANCE RECOGNITION POOL
5.1    Prior to May 1 of each Award Year, the CEO shall designate the Eligible
Employees for such Award Year. The Committee, however, retains its sole
discretion to add to or eliminate employees so designated prior to finalization
of the Performance Recognition Pool for an Award Year.
5.2    On or before June 30, the Performance Recognition Pool for that Award
Year to be distributed shall be allocated among and credited to the accounts of
the Eligible Employees on the following basis, provided, however, that no member
of the Committee shall be able to share in the Performance Recognition Pool for
any year.
The Performance Recognition Pool distributed shall be allocated among and
credited to the Plan Accounts of Eligible Employees for the year as the
Committee in consultation with the CEO deems appropriate in its sole discretion,
provided, however, the Committee may, in its discretion, reserve up to fifty
percent (50%) of any one Award Year's Performance Recognition Pool which will
not be distributed currently. The Committee may carry forward the undistributed
portion of the Performance Recognition Pool and allocate all or a portion of it
pursuant to this Section 5.2 during one or more of the next succeeding three
years; provided however, that the total amount of any one year's carry forward
may not be carried beyond the end of the third year.
5.3    With respect to the amounts to be allocated in any Award Year, the
Committee shall make such allocation to the CEO and to such other senior
Eligible Employees selected in consultation with the CEO as it deems
appropriate. Remaining amounts allocable for the year to less senior Eligible
Employees shall be distributed by the CEO based on total allocations approved by
the Committee. In designating Eligible Employees and allocating the Performance
Recognition Pool among the Accounts of the Eligible Employees for any Award Year
pursuant to this Article, the CEO and the Committee shall consider the positions
and responsibilities of Employees, their accomplishments during the year, the
value of such accomplishments to the Company, the CEO's expectations as to the
future contributions of individual Employees to the continued success of the
Company and such other factors as the CEO and the Committee shall, in their
discretion and judgment, deem appropriate.

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ARTICLE SIX
DISTRIBUTIONS
6.1    Within ninety (90) days of the date the Committee and/or CEO make such
awards for an Award Year, an Eligible Employee shall automatically receive in
cash one hundred percent (100%) of any Performance Recognition Pool awarded to
an Eligible Employee for such Award Year up to Fifty Thousand Dollars ($50,000)
and fifty percent (50%) of any excess above that. The remaining fifty percent
(50%) of the excess of any such award shall be credited to the Employee's Plan
Account balance as of such year and shall become vested in accordance with the
vesting schedule set forth in Section 6.3.
6.2    The Plan Account balance of each Employee who was either actively
employed by the Employer throughout the Award Year or whose employment had
terminated by reason of retirement in good standing or disability or death shall
be credited with interest for that Award Year, provided that the Company had
positive Consolidated Net Income for the year immediately preceding the Award
Year. The rate of interest shall be equal to sixty-five percent (65%) of the
Composite Investment Income Yield for the year immediately preceding the Award
Year, which shall be calculated by the Committee at the same time as it
calculates the Performance Recognition Pool for the Award Year. The balance to
which such interest is credited shall be the Employee's Plan Account balance as
of the date the Committee calculates the Performance Recognition Pool for that
Award Year and shall include all interest previously credited hereunder.
6.3    A portion of the amount of the credit in the Plan Account as of the date
he or she terminates his or her service for any reason, including death,
retirement for age or disability, shall be paid to the person or persons
entitled thereto at the times and in the manner provided by Section 6.4 hereof.
The amounts to be paid shall be known as a "vested interest," and shall be equal
to the following percentage of his or her Plan Account:

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Completed
Years of Service
To Be Paid (Vested Interest)
Less than One
0%
One
10%
Two
20%
Three
30%
Four
40%
Five
50%
Six
60%
Seven
70%
Eight
80%
Nine
90%
Ten
100%

Any credits in the Plan Account of an Employee which have not vested by the date
of termination of the Employee's service shall be forfeited. All such
forfeitures shall be allocated at the end of the Award Year in which they occur
to the combined Plan Accounts of all Employees who were actively employed by an
Employer on December 31 of that year. The allocation shall be made in the ratio
that the account balances of each such Employee on January 1 of that year bears
to the total combined account balances of all such Employees.
6.4    The vested interest of an Employee shall begin to be paid in
substantially equal quarterly installments over a period of five (5) years, with
the first such payment to be made on the later of:
(a)    the date of the Employee's termination of employment for any reason that
constitutes a "separation from service" within the meaning of Code Section 409A,
including death or disability, or the six-month anniversary of such date of
termination if the Employee is a "specified employee" at the time of termination
within the meaning of Code Section 409A; or
(b)    the date on which the Employee attains (or would have attained if he or
she had lived) age 55.
For purposes of this Section, specified employee status will be determined based
on the twelve (12) months ended December 31 of each year and will be effective
for the twelve-month period commencing on April 1 of the following year.
Additionally, for purposes of this Section, a payment shall be consider timely
if made within ninety (90) days of the date required herein.
6.5    Notwithstanding the foregoing Sections of this Article, an Employee's
entire Plan Account balance shall become fully vested and non-forfeitable and
shall be paid to him or her in a lump sum on the first day of the calendar
quarter following the date on which any Change of Control occurs. If there is a
carry forward balance not allocated pursuant to Section 5.3 when a Change of
Control occurs, such carry forward balance shall be immediately allocated among
the Plan Accounts of all Employees in the ratio that each such Employee's Plan
Account balance bears to the total of all such Plan Account balances. Said
additional amounts shall be one hundred percent (100%) vested and paid in
accordance with the provisions of this Article. Any

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subsequent contributions allocated to an Employee's Plan Account during the two
(2) years following the occurrence of a Change of Control because the Plan is
continued in accordance with Section 8.2 hereof shall be non-forfeitable and
shall be distributed immediately after such allocation.
6.6    An Employee may designate in writing, on forms prescribed by and filed
with the Committee, a beneficiary or beneficiaries to receive any payments
payable after his or her death. If an Employee dies while employed by an
Employer or after he or she has begun to receive his or her benefits under this
Plan, the Plan Account shall be paid to the beneficiary or beneficiaries
designated by the Employee or, in the absence of such designation, to his or her
legal representative.
6.7    Notwithstanding any other provisions of this Plan to the contrary, the
Committee may deduct from any payment under the Plan any taxes required to be
withheld by the Federal or any state or local government for the account of such
Employee.
ARTICLE SEVEN
FORFEITURE
7.1    As a condition to the continued receipt of benefits hereunder, each
Employee:
(a)    shall be required for a period of three (3) years after his or her
termination of employment with an Employer hereunder to hold himself or herself
available to the Company and his or her Employer for reasonable consultation
insofar as his or her health permits;
(b)    shall not for a period of three (3) years after his or her termination of
employment with an Employer hereunder, either as an individual on his or her own
account, as a partner, joint venturer, employee, agent, salesman for any person;
as an officer, director or stockholder (other than a beneficial holder of not
more than one percent (1%) of the outstanding voting stock of a company having
at least 500 holders of voting stock) of a corporation, or otherwise directly or
indirectly,
(i)    enter into or engage in any business competitive with that carried on by
the Company or his or her Employer within any area of the United States in which
his or her Employer or the Company is then doing business, providing Employee
has had access to any of the Company's or his or her Employer's trade secrets,
confidential underwriting or business information, programs, plans, data,
processes, techniques, or customer information; or

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(ii)    solicit or attempt to solicit any of his or her Employer's or the
Company's customers with whom Employee has had contact as an Employee in the
exercise of his or her duties and responsibilities hereunder with the intent or
purpose to perform for such customer the same or similar services or to sell to
such customer the same or similar products or policies which Employee performed
for or sold to such customer during the term of his or her employment.
If the Committee determines that an Employee has refused to make himself or
herself available for consultation or violated his or her agreement, the
Committee may, by written notice to such Employee, cause his or her benefits to
be immediately suspended for the duration of such refusal or competition or if
payment of benefits had not yet commenced, notify the Employee that such
continued conduct will cause a forfeiture of his or her Plan Account. If after
the sending of such notice the Committee finds that the Employee has continued
to refuse to consult or continue to compete with the Company or his or her
Employer for a period of 30 days following such notice, the Committee may
permanently cancel the Employee's Plan Account, and thereupon all rights of such
Employee under this Plan shall terminate. The foregoing forfeiture provisions
shall be inoperative following a Change of Control.
7.2    Any amounts forfeited pursuant to Section 7.1 hereof shall be allocated
as a forfeiture in accordance with Section 6.3 hereof.
ARTICLE EIGHT
AMENDMENT AND TERMINATION
8.1    The Company shall have the power at any time and from time to time, to
amend this Plan by resolution of its Board of Directors provided, however, that
no amendment under any circumstances may be adopted the effect of which would be
to deprive any Participant of his or her then vested interest, if·any, in this
Plan.
8.2    The Company reserves the right to terminate this Plan by resolution of
its Board of Directors. Upon termination of this Plan, the credits in the Plan
Accounts of Employees shall become one hundred percent (100%) vested and
non-forfeitable. Distribution of the balances shall be made in accordance with
Section 6.4 or 6.5 hereof upon the Employee's subsequent retirement or
termination of service. There shall be no increase in a Plan Account balance of
an Employee between the date the Plan is terminated and the date such balances
are distributed. If a Change of Control occurs, the Plan as it then exists must
be continued, with interest credited to Plan Account balances as provided in
Sections 6.2 and 5.2, for two (2) years before it can be terminated. Any
unallocated balance carried forward shall be similarly allocated prior to the
expiration of such two-year period. All balances shall be fully vested and
distribution shall be made in accordance with Section 6.4 hereof.

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ARTICLE NINE
MISCELLANEOUS
9.1    No Employee or any other person shall have any interest in any fund or
reserve account or in any specific asset or assets of the Company or any
Employer by reason of any credit to his Plan Account, nor have the right to
receive any distribution under this Plan except as and to the extent expressly
provided for in the Plan.
9.2    Nothing in the Plan shall be construed to:
(a)    give any Employee any right to participate in the Plan, except in
accordance with the provisions of the Plan;
(b)    limit in any way the right of an Employer to terminate an Employee's
employment; or
(c)    be evidence of any agreement or understanding, express or implied, that
an Employer will employ an Employee in any particular position or at any
particular rate of remuneration.
9.3    No benefits under this Plan shall be pledged, assigned, transferred,
sold, or in any manner whatsoever anticipated, charged, or encumbered by an
Employee, former Employee, or their beneficiaries, or in any manner be liable
for the debts, contracts, obligations or engagements of any person having a
possible interest in the Plan, voluntary or involuntary, or for any claims,
legal or equitable, against any such person, including claims for alimony or the
support of any spouse. Notwithstanding the foregoing, benefits under this Plan
may be assigned to or made subject of a valid living trust.
9.4    Notwithstanding any contrary provision herein, in the case of any assets
set aside (directly or indirectly) in a trust (or other arrangement as provided
under regulations issued by the Department of Treasury) for purposes of paying
deferred compensation under this Plan, no such assets (or trust) shall ever be
located or transferred outside the United States.
9.5    No acceleration of the time or schedule of any distribution or payment
under this Plan shall be permitted, except to the extent provided in regulations
or other guidance issued by the Department of the Treasury under Code Section
409A.
9.6    Notwithstanding any contrary provision herein, no transfer of assets
shall be made under or in connection with the Plan, or any compensation deferred
under the Plan, that would result in such assets becoming restricted to the
provision of benefits under the Plan in connection with a change in the
Company's financial health, as provided under Code Section 409A and the
regulations or other guidance issued by the Department of the Treasury
thereunder.
9.7    This Plan shall be construed in accordance with the laws of the State of
Illinois in every respect, including, without limitation, validity in its
interpretation and performance.

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9.8    Article headings and numbers herein are included for the convenience or
reference only, and this Plan is to be construed without any reference thereto.
If there be any conflict between such numbers and headings and the text hereof,
the text shall control.
9.9    Wherever appropriate, words used in this Plan in the singular includes
the plural and the masculine includes the feminine.

IN WITNESS WHEREOF, the Company has caused this Plan to be signed by its duly
qualified officers as of this ____ day of ___________ 2018.
Old Republic International Corporation

By:________________________________

Title:_______________________________
Attest:
By:_______________________________
Title:_________________________

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