exv10w209






Exhibit 10.209









SUMMARY




LIBERTY MUTUAL INSURANCE COMPANY

EXECUTIVE LONG TERM DISABILITY PLAN


Purpose: The purpose of the Plan is to provide Long Term Disability benefits to certain
Management employees of Liberty Mutual and its subsidiaries.



Effective Date: The Effective Date of the Plan is January 1, 1992.



Eligibility: Select key management employees are covered under the Plan. Coverage is
automatic, and a condition of employment.



Cost: The Plan is fully paid by the Company. The Plan is uninsured, and the benefits are payable
out of the Company’s general assets.



Disability Defined: Disability is defined exactly as in the regular employee Liberty Mutual Long
Term Disability Plan. Disability is defined as the inability of a person, as a result of accidental
bodily injury or sickness, to perform all of the material and substantial duties of his or her
occupation, and such disability requires the regular attendance of a licensed physician.



Benefit Period: The benefit period is the same as under the regular employee plan. Generally,
benefits begin after six months of disability, and continue until the disability ends, or age 65
if earlier. If disability begins after age 59, the maximum benefit period is reduced. (Generally,
benefits for the first six months from the date of disability are paid at 100%).



No benefit is payable after the first 24 months from the date of disability unless the employee is
unable to perform with reasonable continuity all of the material and substantial duties of the
employee’s own or any other occupation for which the employee is reasonably fitted by training,
experience, education, age, and mental and physical capacity.



Amount of Benefit: This Plan provides a benefit equal to 100% of pre-disability pay (the regular
employee plan provides 50%-60%). However, benefits under this Plan are fully taxable (benefits
under the regular employee plan are tax-free). As in the regular employee plan, benefits are
coordinated with certain other payments, such as worker’s compensation, Social Security, no-fault,
state disability benefits, etc.



Other Limitations: Benefits are not payable under a number of circumstances, including disability
due to war and disabilities not requiring the regular care of a physician. Benefits may be limited
in some circumstances including mental disorders, and drug and alcohol addiction.



Pre-Existing Illnesses: As under the regular employee plan, benefits are not payable for certain
disabilities caused by pre-existing illness or injury.



Termination of Coverage: Coverage terminates when the employee ceases employment, or ceases to
be within the class of eligible employees.



Administration of the Plan: The Plan is subject to the same administrative rules as the regular
employee plan. That is, participants are required to provide certain notices and documentation
(such as physician statements) before benefits are payable. The Company reserves the right to have
an employee examined by a physician as often as reasonably necessary while the employee is
disabled.



Termination or Amendment of the Plan: The Company reserves the right to terminate or amend
the Plan at any time. Termination or amendment may impact benefits in pay status.