exv10w2w15






Exhibit 10.2.15




RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT




          THIS RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT is made and entered into as of the
date indicated on the signature page under “Date of Agreement” by and between MGIC Investment
Corporation, a Wisconsin corporation (the “Company”), and the employee of Mortgage Guaranty
Insurance Corporation, or one of its subsidiaries, whose signature is set forth on the signature
page hereto (the “Employee”).




INTRODUCTION




          The Company is awarding shares of the Company’s Common Stock, $1.00 par value per share (the
“Stock”), and Restricted Stock Units to the Employee under the MGIC Investment Corporation 2002
Stock Incentive Plan (the “Plan”) and this Agreement.




          This Agreement consists of this instrument and the Incorporated Terms Dated As of                     
to Restricted Stock and Restricted Stock Unit Agreement (the “Incorporated Terms”), which although
not attached to this instrument, are part of this Agreement and were provided to the Employee as
indicated in Paragraph 1(b) below.




          The parties mutually agree as follows:




          1. Award of Restricted Stock and RSUs; Incorporated Terms.




               (a) Subject to the terms and conditions set forth herein, the Company awards the Employee (i)
the number of shares of Stock as follows: the number of shares referred to after “Shares of Base
Restricted Stock” on the signature page shall be the “Base Restricted Stock”; the number of shares
referred to after “Shares of Matching Restricted Stock” on the signature page shall be the
“Matching Restricted Stock”; and the number of shares referred to after “Shares of Time Vested
Restricted Stock” shall be the “Time Vested Restricted Stock,” except that if after “Time Vested
Restricted Stock Units” on the signature page “Yes” appears, then all shares of Stock referred to
after “Time Vested Restricted Stock” shall be awarded in the form of Restricted Stock Units (such
Restricted Stock Units, the “Time Vested RSUs”); and (ii) the number of Restricted Stock Units
equal to the number referred to after “Performance RSUs” shall be the “Performance RSUs.” The term
“Restricted Stock” as used in the remainder of this Agreement shall be applied separately to the
Base Restricted Stock and the Matching Restricted Stock as if the term “Restricted Stock” were the
term “Base Restricted Stock” or “Matching Restricted Stock,” as the case may be. As used in this
Agreement, the term “RSUs” means collectively all Time Vested RSUs and all Performance RSUs.



               (b) The Incorporated Terms are incorporated in this instrument with the same effect as if they
were physically set forth in this instrument. The Incorporated Terms and this instrument
constitute a single agreement which is referred to as “this Agreement.” The terms “herein,”
“hereof,” “above” and similar terms used in this Agreement refer to this Agreement as a whole. The
“Award Notification” is the document entitled “Officer Compensation” that was delivered to the
Employee by the Company in                      to notify the Employee of the award of RSUs the legal terms
of which are set forth in this Agreement. The Employee agrees if there is any difference between
the number of RSUs determined by (i) the



 









 







Award Notification, as delivered to the Employee, and (ii) the number of RSUs awarded by the
Committee, as reflected in the records of the Committee, the number of RSUs reflected in the
records of the Committee shall control. The Incorporated Terms were attached to an email sent in
                     to the Employee from an Assistant Secretary of the Company which included other
documents relating to the RSUs. The Company is hereby advising the Employee to print and retain a
copy of the Incorporated Terms. The Employee agrees if there is any difference between the text of
the Incorporated Terms obtained as indicated above and the text of the Incorporated Terms retained
by the Company’s Secretary, the text of the copy retained by the Secretary will control.



          IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, and the Employee has hereunto affixed his hand and seal, all as of the day and
year set forth below.





          Date of Agreement: As of                     




	 	 	 	 	 
	 	MGIC INVESTMENT CORPORATION

 	 
	 	By:  	
 	 
	 	 	Title:   Assistant Secretary 	 
	 	 	 	 
	 



	 	 	 
	Sign Here:

	 	(SEAL)

	 

	 	 
	 

	 	Name:
	 

	 	Shares of Base Restricted Stock:
	 

	 	Shares of Matching Restricted Stock:
	 

	 	Time Vested Restricted Stock Units:
	 
	 	 
	 

	 	Performance Restricted Stock Units:
	 
	 	 
	 

	 	Base Restricted Stock Release Date:
	 
	 	 
	 

	 	Matching Restricted Stock Release Date:
	 
	 	 
	 

	 	Time Vested RSUs Release Date:
	 
	 	 
	 

	 	Performance RSUs Release Date:
	 
	 	 
	 

	 	Holding Period:
	 
	 	 
	 

	 	Threshold Expense Ratio:
	 

	 	Target Expense Ratio:






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	 	Maximum Expense Ratio:
	 
	 	 
	 

	 	Threshold Loss Ratio:
	 

	 	Target Loss Ratio:
	 

	 	Maximum Loss Ratio:
	 
	 	 
	 

	 	Threshold Share:
	 

	 	Target Share:
	 

	 	Maximum Share:
	 
	 	 
	 

	 	Goal:






               * * * *




	 	 	 	 	 
	 	Beneficiary:         
               
               
               
              


	 
	 	Address of Beneficiary:

 	 
	 	

 	 
	 
	 	 	 
	 	
 	 
	 	 	 
	 	Beneficiary Tax Identification 	 
	 	No:         
               
               
               
               
            

 	 
	 	 	 
	 	 	 
	 




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