Document:

Employment Agreement

 EXHIBIT 10.55 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this
“Agreement”) is made as of December 20, 2011, by and among State Auto Financial Corporation, an Ohio corporation (“State Auto Financial”), State Auto Property and Casualty Insurance Company, an Iowa-domiciled insurance
company (“State Auto P&C”), State Automobile Mutual Insurance Company, an Ohio-domiciled mutual insurance company (“State Auto Mutual”), and Robert P. Restrepo, Jr. (“Executive”). State Auto Financial, State Auto
P&C, State Auto Mutual and each of their respective subsidiaries and affiliates, present and future, are hereinafter collectively referred to as “State Auto.” 
 Background Information 
 WHEREAS, State Auto P&C is the
principal operating subsidiary of State Auto Financial and the employer of record of all employees of State Auto (other than employees of Risk Evaluation and Design, LLC, a second tier subsidiary of State Auto Mutual), and State Auto Financial is a
majority owned subsidiary of State Auto Mutual, while State Auto Mutual is the ultimate controlling entity in the State Auto holding company system; and 
 WHEREAS, as a result of the Executive’s role, as described below, in serving State Auto Financial, State Auto Mutual and the other State Auto companies, it is appropriate that this Employment
Agreement be entered into among State Auto P&C, State Auto Financial, State Auto Mutual and Executive; and 

WHEREAS, State Auto currently employs Executive as the Chairman of the Board, Chief Executive Officer and President of
State Auto; and 
 WHEREAS, Executive desires to continue such employment on the terms and conditions set forth
below. 
 Statement of Agreement 
 NOW, THEREFORE, in consideration of such employment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally
bound, hereby agree as follows: 
 Article I Definitions. 

Capitalized terms used herein which are not defined herein shall have the meanings ascribed to such terms in the Executive
Agreement dated the same date as this Agreement among State Auto Financial, State Auto Mutual and Executive (the “Executive Agreement”), a copy of the form of which is attached hereto as Exhibit A and incorporated herein by this reference.

 Article II Employment Duties and Term. 
  

	 	(A)	Duties. 

 Executive shall perform the duties of the offices of Chairman of the Board, Chief Executive Officer and President of State Auto as described in the Bylaws or the Code of

  
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Regulations, as applicable, of each State Auto company, as well as such other duties and services requested or directed by any State Auto Board of Directors, consistent with Executive’s
offices herein. Executive shall devote the Executive’s full time and attention and best efforts to the performance of such duties. Executive shall serve as an officer of State Auto so long as Executive shall be duly elected by the respective
State Auto Boards of Directors at any time or times during the term of this Agreement. Notwithstanding the foregoing, at any time during the last year of this Agreement, State Auto reserves the right to alter Executive’s job title of Chief
Executive Officer as it deems necessary. Any such change in Executive’s job title of Chief Executive Officer shall not affect any other term of this Agreement or Executive’s Executive Agreement. 

 

	 	(B)	Term. 

 The term of this Agreement shall be for a period commencing on January 1, 2012 (“Commencement Date”), and ending on December 31, 2015, unless terminated at an earlier date pursuant to
an event described in Article IV of this Agreement (referred to hereafter as the “Employment Term”). State Auto shall provide Executive notice or Executive shall provide State Auto with notice, in writing, at least 90 days prior to the end
of the Employment Term of the Agreement’s termination; provided, however, that it is understood and agreed that this Agreement shall terminate as of December 31, 2015, regardless of whether such notice is given and provided further that
Executive’s notice, if given, under this Section (B) shall not constitute a Voluntary Termination as defined Section (C) of Article IV of this Agreement. It is further understood that in the event State Auto and Executive agree that
Executive is to perform his duties for a period not to exceed 60 days following the expiration of the Agreement, that shall not effect a waiver of any right Executive might have to severance benefits otherwise contemplated by the terms of this
Agreement. 
  

	 	(C)	Retirement. 

 Unless State Auto and Executive agree otherwise, Executive shall retire as of December 31, 2015 (the “Retirement Date”). Executive agrees to participate and cooperate with the
identification and selection of his successor before the Retirement Date. 
 Article III Compensation. 

State Auto agrees to pay to Executive and Executive agrees to accept the following amounts as compensation in full for
Executive’s services in any capacity hereunder or in the performance of other like duties assigned to Executive by the Board of Directors of State Auto: 
  

	 	(A)	Base Compensation. 

 At the outset of the Employment Term, State Auto shall pay to Executive a base salary (the “Base Salary”) in the amount of Seven Hundred Eighty Thousand Dollars ($780,000.00) per year, payable
in accordance with State Auto’s general policies and procedures for payment of compensation to its salaried personnel, plus such increases in 

  
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annual base compensation that the Compensation Committee of the Board of Directors of State Auto Financial (the “STFC Compensation Committee”) may authorize as provided herein. The
compensation of Executive shall be reviewed by the STFC Compensation Committee no less often than once each calendar year during the Employment Term and may be increased by the STFC Compensation Committee as it determines in the good faith exercise
of its business judgment based on such factors as the STFC Compensation Committee deems appropriate. In no event shall the Base Salary be less than the Base Salary set forth above; provided, however, that this restriction may be suspended by the
STFC Compensation Committee if the STFC Compensation Committee and Executive mutually agree, on the basis of such commercially reasonable factors as each deems appropriate in the good faith exercise of their respective business judgment, that
imposing such suspension is in the best interests of State Auto Financial (“Exigent Circumstances”). Any request by State Auto for Executive’s agreement to a reduction or suspension of any portion of his compensation, bonus or other
payments will not constitute grounds for a claim by Executive that he has suffered an involuntary Termination Without Cause (as defined below). If, however, Executive and the STFC Compensation Committee cannot reach mutual agreement concerning any
such reduction or suspension, the Base Salary shall continue to not be less than the Base Salary set forth above. 
  

	 	(B)	Short Term Incentive Cash Compensation Plans. 

  

	 	(1)	 Executive shall participate in the State Auto Financial Corporation Leadership Bonus Plan (the “LBP”) with an incentive bonus target equal
to no less than 75% of the Executive’s then current Base Salary. It is contemplated that a portion of the bonus opportunity under the LBP shall be “performance-based compensation,” as such term is used in Section 162(m) of the
Internal Revenue Code of 1986, as amended (the “Code”), and payable based upon the achievement of peer comparison and/or other performance goals determined by the STFC Compensation Committee and any remaining portion of the bonus
opportunity shall be payable at the discretion of the STFC Compensation Committee. Executive’s participation in the LBP shall be according to the terms and conditions of the LBP. It is understood and agreed that the LBP or any similar cash
incentive compensation plan may be amended, suspended, or terminated by State Auto at any time. It is understood and agreed that the bonus compensation potential from the LBP shall not be less than the bonus compensation potential available to
Executive under the LBP in effect for Executive on the date of this Agreement, provided that this restriction may be suspended due to Exigent Circumstances, provided Executive and the STFC Compensation Committee mutually agree that such Exigent
Circumstances exist. 

  

	 	(2)	 Executive shall participate in the State Auto Quality Performance Bonus Plan (“QPB Plan”) or any similar cash incentive compensation plan
generally made available to executives of State Auto, so long as State Auto continues to offer the QPB Plan or a similar plan to such executives. 

  
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It is understood and agreed that the QPB Plan or any similar cash incentive compensation plan may be amended, suspended or terminated by State Auto at any time. Executive’s participation in
the QPB Plan shall be according to the terms and conditions of the QPB Plan, including any offsets applicable to bonus amounts earned under the LBP. 

  

	 	(C)	Long Term Incentive Compensation Plan. 

 Executive shall participate in the State Auto Financial Corporation Long-Term Incentive Program (the “LTIP”) as applicable to Executive and certain other executives of State Auto, per the terms
and conditions of the LTIP. 
  

	 	(D)	Participation in Retirement Plan and Rights Under Other Agreements. 

 

	 	(1)	 Executive shall be entitled to participate in the following plans: (a) any State Auto employee stock purchase plan; (b) the State Auto
Insurance Companies Employee Retirement Plan, a noncontributory, defined benefit retirement plan, qualified under Section 401(a) of the Code; (c) the State Auto Insurance Companies Retirement Savings Plan, a defined contribution plan,
qualified under Section 401(k) of the Code; and (d) any successor or similar stock purchase or retirement plans generally made available to employees of State Auto, so long as State Auto continues to offer such plans or similar plans to
employees of State Auto. It is understood and agreed that the foregoing plans or any successor or similar plans may be amended, suspended, or terminated by State Auto at any time. 

 

	 	(2)	 Executive shall be entitled to participate in State Auto’s nonqualified, unfunded, noncontributory Supplemental Retirement Plan
(“SERP”), or any successor or similar retirement plan made available to any executive of State Auto, so long as State Auto continues to offer such plan or successor or similar plans to any executive of State Auto, as well as the Special
SERP. It is understood and agreed that the foregoing plans or any successor or similar plans may be amended, suspended or terminated by State Auto at any time as provided in such plan document. The terms and conditions of Executive’s
supplemental retirement benefits shall be controlled by the applicable SERP and Special SERP plan documents, and in the event of any inconsistencies with this Agreement, or any prior agreements between the parties, the provisions of the SERP and
Special SERP plan documents shall control. 

  

	 	(3)	 Executive shall be entitled to participate in the 2009 Equity Incentive Compensation Plan or any successor or additional equity based compensation
plans (the “Equity Plans”) implemented by State Auto. Notwithstanding any other provision contained in the Equity Plans, in the event Executive’s employment is terminated for any reason, he shall have

  
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a period of not less than 90 days in which to exercise any equity based award made pursuant to the Equity Plans, which has vested pursuant to the terms of such Equity Plans, provided, however,
that the period during which such award can be exercised will be such longer period as is provided under the terms of such equity based award agreement then applicable. However, notwithstanding the foregoing, if such exercise period spans two
consecutive calendar years, such exercise shall occur no later than March 15th of the second calendar year. It is understood and agreed that the Equity Plans may be amended, suspended or terminated by the STFC Compensation Committee at any
time. 

  

	 	(E)	Other Fringe Benefits. 

 In addition to the benefits provided for in Article III, Executive shall receive and enjoy any and all other fringe benefits generally made available to employees of State Auto as described in State
Auto’s Employee Reference Guide, in accordance with State Auto’s regular employment policies and practices. In addition, the STFC Compensation Committee and the Boards of Directors of State Auto Financial and State Auto Mutual shall have
the authority to grant such additional fringe benefits and perquisites to Executive as each, in its discretion, deems appropriate. In addition, Executive shall be entitled to reimbursement for all out-of-pocket expenses incurred by Executive in the
performance of his duties hereunder; provided that such reimbursement shall be in accordance with State Auto’s then existing policy regarding the same and further provided that no reimbursement shall be made later than the end of the calendar
year following the calendar year in which such expense was incurred. If such benefits are taxable, State Auto shall ensure that terms of the benefits will comply with Section 409A of the Code and the Treasury Regulations and other guidance
promulgated or issued thereunder. 
  

	 	(F)	Participation in Future Compensation, Retirement, and Fringe Benefit Plans. 

In addition to the benefits provided for in Article III, Executive shall participate in and shall also
receive and enjoy such other compensation, retirement, or fringe benefits which are now or in the future generally made available to executives of State Auto. If such benefits are taxable, State Auto shall ensure that terms of the benefits will
comply with Section 409A of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder. 
  

	 	(G)	Vacation. 

 Executive shall be entitled to five weeks of paid vacation and such other personal absence days as State Auto provides its other employees. 

  
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 Article IV Termination. 

 

	 	(A)	Disability. 

 If during the Employment Term Executive shall be unable to substantially perform his duties hereunder because of illness or other incapacity constituting a disability as defined in Section 409A of
the Code (referred to hereafter as “Disability”), and such Disability shall persist for a period of at least six months in any 12 month period, State Auto shall thereafter have the right, on not less than 45 days’ written notice to
Executive, to terminate Executive’s employment under this Agreement, in which case the date of Executive’s separation from service (as defined in Section 409A of the Code) shall be not less than the 45th day following the date of
written notice. In such event, in addition to any other benefits to which Executive would be entitled, State Auto shall be obligated to pay Executive his full compensation pursuant to Sections (A), (B), and (C) of Article III hereof accruing
through the date of such separation from service and per the terms of the applicable plan or program. Thereafter, State Auto shall be obligated to pay Executive an amount equal to 80% of the Executive’s then-current Base Salary, less any
benefits to which Executive might be entitled under State Auto’s long term disability plan described in State Auto’s Employee Reference Guide that is current as of the date of such separation from service. The compensation provided under
this Section shall continue for the full period of Disability or until December 31, 2015, whichever first occurs and shall be paid in accordance with State Auto’s normal compensation practices applicable to salaried employees. State Auto
may purchase disability insurance coverage for Executive to insure against this potential liability; provided, however, that if such insurance coverage is secured, the terms of such policy(ies), if any, shall govern. A determination of Disability
shall be subject to the certification of a qualified medical doctor agreed to by State Auto and Executive or, in the event of Executive’s incapacity to designate a qualified medical doctor, by Executive’s legal representative. If State
Auto and Executive (or his legal representative, as the case may be) fail to agree upon a qualified medical doctor, each party shall nominate a qualified medical doctor and the two doctors shall select a third doctor, who shall make the
determination as to Disability. In addition to the foregoing disability compensation described in this Article IV Section (A), Executive shall continue to receive such health insurance benefits or their equivalent as he and his spouse receive on the
date of Disability, as well as such group life insurance as Executive has in place on his life, as of the date of Disability, pursuant to the terms of such plans as are generally made available to State Auto employees. Executive’s compensation
and other benefits described in Article III shall be reinstated in full upon his return to employment. 
  

	 	(B)	Death. 

 In the event of Executive’s death during his employment hereunder, in addition to any other benefits to which any person would be entitled upon Executive’s death, State Auto shall continue to
pay his then-current Base Salary for a period equal to the lesser of 12 full calendar months following the month in which his death occurs or until December 31, 2015. Such Base Salary payments shall be made in accordance with State Auto’s
normal compensation practices applicable to salaried employees. A pro rata share of the 

  
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compensation to which Executive is entitled pursuant to Article Ill Section (B) and (C) hereof shall be paid pursuant to the terms of the LBP, the QPB Plan, and the LTIP (collectively,
the “Bonus Plans”), provided the bonus contemplated by any of the Bonus Plans is in fact earned under the terms of such Bonus Plan then in effect for the particular period in which Executive were to die. Said pro rata share of the bonus
due under the LBP shall be determined by dividing a numerator equal to the number of whole months that have elapsed in the calendar year on the date of the Executive’s death by the denominator of 12. Said pro rata share of any bonus due under
the QPB Plan shall be determined by dividing a numerator equal to the number of whole months that have elapsed in the calendar quarter on the date of the Executive’s death, divided by a denominator of three. The pro-rata share of the payment
due under the LTIP shall be determined by dividing a numerator equal to the number of whole months that have elapsed in the then current LTIP’s measurement period on the date of the Executive’s death divided by a denominator equal to the
duration of the measurement period. Executive’s compensation for the period following his death shall be paid to the beneficiary indicated on the Beneficiary Designation attached hereto as Exhibit B. If the bonus due under the LBP, or the LTIP
is earned under Article III, said sums will be paid to the Beneficiary as soon as practicable following the end of the calendar year following the determination by State Auto that the bonus due under the LBP or the LTIP has in fact been earned
pursuant to the terms of each such bonus opportunity, but no later than March 15 following such calendar year. In addition to the foregoing, in the event of Executive’s death during his employment hereunder, Executive’s spouse shall
be entitled to participate in State Auto’s fringe benefit programs as would the spouse of any other deceased State Auto employee in similar circumstances. 
  

	 	(C)	Voluntary Termination. 

 Except as provided in the Executive Agreement, in the event Executive voluntarily terminates his employment, including, without limitation, Retirement initiated solely by Executive, and mandatory
retirement on December 31, 2015 (to the extent permitted by Section 1625.12 of the ADEA regulations), he shall cease to receive compensation as of the date of such separation from service, except that to which he may then be entitled
pursuant to the terms of the LBP, the QPB Plan, or the LTIP, as then in effect. It is understood and agreed that as respects the LBP, the QPB Plan, and the LTIP, Executive is required to be employed by State Auto on the date such amount is paid, if
he had in fact earned such bonus under the terms of the LBP, the QPB Plan, and the LTIP, unless the terms of the LBP, the QPB Plan and the LTIP, as applicable, provide otherwise. 

 

	 	(D)	Termination for Cause. 

  

	 	(1)	 In the event that the Boards of Directors of State Auto Mutual, State Auto Financial and State Auto P&C (collectively, the “Boards”)
jointly determine that this Agreement and Executive’s employment should be terminated for Cause, as defined in (2) below, Executive shall be entitled: (a) to receive payment of any Base Salary accrued through the date of separation
from service and (b) to receive the compensation to which he 

  
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may be entitled pursuant to the terms of the LBP, the QPB Plan, and the LTIP, as then in effect. If the Boards decide to terminate this Agreement as provided in this Section, State Auto will give
Executive 30 days’ advance written notice of its intention to terminate this Agreement. In the event of a termination for Cause, Executive’s service shall terminate upon the expiration of the notice period; provided, however, Executive may
be relieved of his duties at the discretion of the Boards on the date the above described notice is delivered to Executive. It is further understood and agreed that should Executive dispute the fact that Cause, as defined herein, exists for such
termination, Executive has the right to pursue a claim in Arbitration under Section 13 of the Executive Agreement for such benefits that would otherwise have been due to him under Section (E) of this Article IV had he not been terminated
for Cause. 

  

	 	(2)	 For purposes of this Section D of Article IV, it is understood and agreed that Cause shall mean the following: (a) the willful and continued
failure of the Executive to perform the Executive’s duties with State Auto (other than any such failure resulting from incapacity due to a Disability), after a written demand for performance is delivered to the Executive by the Boards which
specifically identifies the manner in which the Boards believe that the Executive has not performed the Executive’s duties: (b) the willful engaging by the Executive in illegal conduct or gross misconduct which has a material adverse
effect on State Auto, as determined by the Boards; (c) the breach of any provision of Article VI hereof as determined by the Boards; or (d) the willful failure to comply with any State Auto code of conduct or code of ethics applicable to
Executive, as determined by the Boards. For purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or
without reasonable belief that the Executive’s action or omission was in the best interests of State Auto. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Boards or upon the advice of counsel
for State Auto, shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of State Auto. 

 

	 	(E)	Involuntary Termination Without Cause. 

 In the event that the Boards determine that this Agreement and the employment of Executive should be terminated before the Retirement Date for a reason other than death, Disability, voluntary separation
from service by Executive, or for Cause (such reason is hereafter referred to as a “Termination Without Cause”): 
  

	 	(1)	 Executive, or his designated beneficiary, shall be entitled to continue to receive the Base Salary he otherwise would have been entitled to receive
(including but not limited to amounts earned but not paid) had he remained employed for a period of two (2) years, or through the Retirement Date, whichever is less. Such amounts shall begin to be paid as soon as practicable after
Executive’s separation from service and shall continue for a period of two (2) years, or until December 31, 2015, whichever is less. 

  
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	 	(2)	 Executive, or his designated beneficiary, shall be entitled to receive a one-year bonus payment equal to the average of the annual aggregate bonus
under the QPB Plan (or its successor) earned by Executive for each of the two calendar years immediately preceding the calendar year in which the Termination Without Cause occurs, plus the average of the amount earned under the LBP and the LTIP in
place for each of the two calendar years immediately preceding the calendar year in which the Termination Without Cause occurs, payable in the form and at the time specified in such plans. 

 

	 	(3)	 Any stock options granted to Executive shall vest on the termination date, notwithstanding any vesting schedule set forth in any outstanding option
agreements with Executive, and shall be exercisable under the terms of the plan. 

  

	 	(4)	 Executive shall be entitled to receive from State Auto an amount equal to the then current monthly per employee cost of providing State Auto’s
health insurance benefit multiplied by twenty-four (24) months, or the number of months from the date of termination until December 31, 2015, whichever is less, payable as a single lump sum payment as soon as practicable after separation
from service, subject to the provisions of Section (H) below. 

Notwithstanding any provision to the contrary, the payments and benefits due to Executive under this
Section (E) of Article IV shall commence no later than 90 days after Executive’s Termination Without Cause, provided that Executive has executed a valid release of State Auto Mutual, State Auto P & C, and their respective officers,
directors and employees, from any and all actions, suits, proceedings, claims and demands relating to Executive’s employment and Involuntary Termination Without Cause, and the applicable revocation period has expired within this period.

  

	 	(F)	Change of Control. 

 In the event that State Auto shall undergo a Change of Control, as defined in the Executive Agreement, and Executive terminates his employment for Good Reason, as defined in the Executive Agreement, in
lieu of any compensation otherwise provided under this Agreement, Executive shall be entitled to the benefits described in the Executive Agreement. 
  

	 	(G)	Mitigation. 

 In the event that Executive voluntarily terminates his employment, as set forth in Article IV Section (C) herein, or Executive’s employment pursuant to this Agreement is

  
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Terminated Without Cause, as set forth in Article IV Section (E) herein, or Executive’s employment is not renewed, as set forth in Article IV Section (F) herein, or Executive is
terminated pursuant to a Change of Control, as set forth in Article IV Section (G) herein, Executive shall have no duty to mitigate his damages by seeking other employment, and State Auto shall not be entitled to set off against amounts payable
hereunder any compensation which he may receive from future employment. 
  

	 	(H)	Specified Employee Delay. 

 In the event that the sum of any payments under this Agreement, from the date of separation from service until December 31st of the second year after the year of separation from service, exceeds an
amount equal to two times the limit under Section 401(a)(17) of the Code, and the Executive is a Specified Employee as defined in Section 409A of the Code, any payments under this Agreement due to a separation from service (as defined in
Section 409A of the Code) and subject to Section 409A of the Code shall be delayed until a date that is six months after the date of separation from service (or, if earlier, the date of death of the Specified Employee). Payments to which a
Specified Employee would otherwise be entitled during the first six months following the date of separation from service shall be accumulated and paid as of the first date of the seventh month following the date of separation from service.

  

	 	(I)	Resignation from Boards. 

 Executive agrees that, upon termination of Executive’s employment for any reason set forth in this Article IV, Executive shall immediately resign as a director and officer from all State Auto
companies, as well as BroadStreet Capital Partners or their respective successor(s). 
 Article V Executive’s Rights Under Certain
Plans. 
 Notwithstanding anything contained herein, State Auto agrees that the benefits
provided to Executive herein are not in lieu of any rights and privileges to which Executive may be entitled as an employee of State Auto under any retirement, pension, insurance, hospitalization, or other plan which may now or hereafter be in
effect, it being understood that, except to the extent currently provided in such plans, Executive shall have the same rights and privileges to participate in such plans or benefits as any other employee of State Auto. If Executive shall be entitled
to participate in any retirement or fringe benefit plan pursuant to the terms of this Agreement after the cessation of his employment and if the terms of any such retirement or fringe benefit plan do not permit continued participation by Executive
after separation from service, then State Auto will arrange for other coverage at State Auto’s expense providing substantially similar benefits. If such benefits are taxable, State Auto shall ensure that terms of the benefits will comply with
Section 409A of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder. 

  
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 Article VI Confidential Information; Noncompetition Agreement. 

 

	 	(A)	Confidential Information. 

 Executive agrees to receive Confidential Information (as defined below) of State Auto in confidence, and not to disclose to others, assist others in the application of, or use for his own gain, such
information, or any part thereof, unless and until it has become public knowledge or has come into the possession of such other or others by legal and equitable means and other than as a result of disclosure by Executive. Executive further agrees
that, upon separation from service with State Auto, all documents, records, notebooks, and similar repositories (including electronic formats) containing Confidential Information, including copies thereof, then in Executive’s possession,
whether prepared by him or others, will be left with State Auto. For purposes of this Article VI, “Confidential Information” means information disclosed to Executive or known by State Auto, which is not generally known in the business in
which State Auto is or may become engaged, including, but not limited to, information about State Auto’s services, trade secrets, financial information, customer lists, books, records, memoranda, other proprietary information of State Auto and
any other information deemed to be Confidential Information as determined by the State Auto Mutual Board of Directors Corporate Governance Guidelines, the State Auto Code of Business Conduct and/or any other applicable State Auto policy. Executive
further agrees that the obligation to maintain confidentiality created by this Article VI shall continue in effect for the duration of this Agreement and following the termination of Executive’s service with State Auto. 

 

	 	(B)	Devotion of Time to Performance of Duties. 

 Executive further agrees that during the Employment Term he will devote substantially all of his time and effort to the performance of his duties hereunder and will refrain from engaging on his own behalf
or on the behalf of a third party in any line of activities or business in which State Auto is or may become engaged. With the concurrence of the Boards, and subject to the applicable provisions of the State Auto Mutual Board of Directors Corporate
Governance Guidelines, the State Auto Code of Business Conduct and/or any other applicable State Auto policy, Executive may serve on the board of directors of another public company, in addition to the board of directors of State Auto Financial, if
that opportunity presents itself. 
  

	 	(C)	Noncompetition Agreement. 

  

	 	(1)	 Executive further agrees that for a period of two years following a separation from service with State Auto, Executive will not directly or
indirectly engage in the property casualty or specialty insurance underwriting business or any other line(s) of business in which State Auto is operating at the time of Executive’s separation from service as an officer, director, consultant or
employee of an insurer operating in any state where State Auto operates which has direct written premium in excess of $1 billion nationally as of the end of the calendar year immediately preceding Executive’s separation from service with State
Auto. 

  
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	 	(2)	 Executive also agrees that for a period of two years following a separation from service, he shall not directly or indirectly hire, solicit for
hiring or otherwise induce any employee of State Auto to leave State Auto’s employment. 

  

	 	(3)	 Nothing in this Section (C) shall be construed to prohibit Executive from owning, directly or indirectly, less than five percent of the
securities of any class of any company listed on a national securities exchange or traded in the over-the-counter securities market. 

  

	 	(4)	 The noncompetition period shall be tolled (i.e., temporarily suspended) during the period of any violation or attempted violation of this Section by
Executive. State Auto shall provide written notice to Executive of any tolling of the noncompetition period. 

  

	 	(5)	 Executive understands that this Section is an essential element of this Agreement and that State Auto would not have entered into this Agreement
without this Section being included in it. Executive acknowledges that this Section is reasonable and appropriate in all respects. In the event of any violation or attempted violation of this Section, Executive agrees that money damages would not be
a sufficient remedy for State Auto. Accordingly, State Auto shall be entitled to specific performance and injunctive and other equitable relief for any breach by Executive of this Section, without any showing of irreparable harm or damage or the
posting of any bond. Such remedies shall not be deemed to be the exclusive remedies for a breach of this Section, but shall be in addition to all other remedies available at law or equity. If any of the provisions of this Section shall be held to be
unenforceable because of the duration of such provision, the area covered thereby, or the type of conduct restricted therein, the parties agree that the court or arbitral body making such determination shall have the power to modify the duration,
geographic area and/or other terms of such provision to the maximum extent permitted by law and, as so modified, said provision shall then be enforceable to the maximum extent permitted by law. 

 

	 	(6)	 Notwithstanding the foregoing provisions, in the event Executive voluntarily separates from service as provided in Section (C) of Article IV of
the Agreement above, the provisions of Section (C)(1) of this Article VI shall be limited to a period of one year following such separation from service. 

  
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	 	(D)	Forfeiture Events; Clawback Rights. 

  

	 	(1)	 The Boards may, in their discretion, require Executive to repay State Auto all or any portion of the amounts paid as termination benefits provided
under Article IV Sections (A) through (F) (collectively, the ‘Termination Benefits”) if: 

  

	 	(i)	 Executive violates any non-competition, non-solicitation or confidentiality covenant applicable to the Executive and for the benefit of State Auto,
including such covenants included in this Agreement; 

  

	 	(ii)	 It is later discovered that Executive engaged in conduct detrimental to State Auto during the Employment Term which has a material adverse effect on
State Auto as determined by the Board of Directors of State Auto Mutual, in its discretion; or 

  

	 	(iii)	 (A) The amount of any of the Termination Benefits was calculated based upon the achievement of certain financial results of State Auto that were
subsequently the subject of a financial statement restatement by State Auto; 

 (B) Executive
engaged in conduct detrimental to State Auto that caused or substantially contributed to the need for the financial statement restatement by State Auto; and 
 (C) The amount of Executive’s Termination Benefits would have been lower than the amount actually awarded to Executive had the financial results been properly reported. 

Notwithstanding the foregoing, if the Boards determine that Executive engaged in fraudulent conduct, then
the Boards will seek repayment of the Termination Benefits. This provision shall not be the exclusive remedy of State Auto with respect to such matters. 
  

	 	(2)	 The terms of any compensation recovery or recoupment policy heretofore or hereafter adopted by the Boards, including any and all amendments thereto
(a “clawback policy”), are hereby incorporated into this Agreement by reference. In addition to the terms and conditions set forth in this Agreement, Executive agrees that any amounts payable or paid to Executive under this Agreement shall
be subject to the terms of any clawback policy of the Boards. 

  
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 Article VII Successors. 

 

	 	(A)	As to State Auto. 

 This Agreement shall inure to the benefit of and be binding upon State Auto, its successors and assigns, including without limitation, any person, partnership, or corporation which may acquire voting
control of State Auto Financial or all or substantially all of its assets and business, or which may be a party to any consolidation, merger, or other transaction that results in a Change of Control of State Auto Financial or State Auto Mutual.

  

	 	(B)	As to Executive. 

 This Agreement shall also inure to the benefit of and be binding on Executive, his heirs, successors, and legal representatives. 
 Article VIII COBRA Continuation Coverage. 
 Notwithstanding any provision of this Agreement to the contrary, in the event of any qualifying event, as defined in Section 4980B(f)(3) of Code, Executive and his qualifying beneficiaries shall be
entitled to continuation of health care coverage, as provided under Section 4980B(f) of the Code. The foregoing is intended as a statement of Executive’s continuation coverage rights and is in no way intended to limit any greater rights of
Executive or his qualified beneficiaries under this Agreement. If a greater benefit is available to Executive or his qualifying beneficiaries under this Agreement or otherwise, Executive or his qualified beneficiaries may forego continuation
coverage and elect instead such greater benefit. 
 Article IX Indemnification. 

State Auto, as provided for in its Amended and Restated Articles of Incorporation, its Amended and
Restated Bylaws, and its Indemnification Agreement with Executive, shall indemnify Executive to the full extent of the general laws of the State of Ohio, now or hereafter in force, including the advance of expenses under procedures provided by such
laws. 
 Article X General Provisions. 
  

	 	(A)	Entire Agreement. 

 This Agreement, together with the Executive Agreement, contains the entire agreement of the parties hereto with respect to the employment of Executive by State Auto, and completely supersedes any prior
employment agreements or arrangements between the parties hereto, including the Employment Agreement entered into on March 1, 2009. The parties hereto agree that this Agreement cannot be hereafter amended, modified, or supplemented in any
respect, except by a subsequent written agreement signed by both parties hereto. The parties also agree that this Agreement shall be amended and/or modified as necessary to comply with Section 409A of the Code or regulations issued thereunder.

  
 14 

	 	(B)	Applicable Law. 

 This Agreement shall be governed in all respects by the laws of the State of Ohio, without giving effect to any of its conflict of law provisions. 

 

	 	(C)	Venue. 

 State Auto and Executive designate either the Court of Common Pleas of Franklin County, Ohio or the U.S. District Court in Columbus, Ohio as the exclusive courts of competent jurisdiction and venue for
any actions or proceedings relating to this Agreement and hereby irrevocably consent to such designation, jurisdiction and venue. 
  

	 	(D)	Notices. 

 All notices under this Agreement shall be in writing and will be duly given if sent by registered or certified mail to the respective parties to the addresses set forth below or such other addresses as
the parties may hereafter designate in writing for such purpose: 
  

	 	(1)	 If to either State Auto Financial, State Auto P&C or State Auto Mutual, to 518 East Broad Street, Columbus, Ohio 43215, Attention: General
Counsel; and 

  

	 	(2)	 If to Executive, to the address set forth below his signature to this Agreement. 

 

	 	(E)	Assignment. 

 Except as expressly provided herein, neither this Agreement nor any rights, benefits, or obligations hereunder may be assigned by Executive without the prior written consent of State Auto Mutual and State
Auto Financial. 
  

	 	(F)	Capacity. 

 State Auto Financial, State Auto P&C and State Auto Mutual represent and warrant to Executive that they have the capacity and right to enter into this Agreement and perform all of their obligations
under this Agreement without any restriction by any agreement, document, restrictive covenant, or otherwise. 
  

	 	(G)	Waiver. 

 The failure by a party to exercise or enforce any of the terms or conditions of this Agreement will not constitute or be deemed a waiver of that party’s rights hereunder to enforce each and every
term of this Agreement. The failure by a party to insist upon strict performance of any of the terms and provisions herein will not be deemed a waiver of any subsequent default in the terms or provisions herein. 

  
 15 

	 	(H)	 Rights and Remedies Cumulative. All rights and remedies of the parties hereunder are cumulative. 

 

	 	(I)	Divisibility. 

 The provisions of this Agreement are divisible. If any such provision shall be deemed invalid or unenforceable, it shall not affect the applicability or validity of any other provision of this Agreement,
and if any such provision shall be deemed invalid or unenforceable as to any periods of time, territory, or business activities, such provision shall be deemed limited to the extent necessary to render it valid and enforceable. 

 

	 	(J)	Captions and Titles. 

 Captions and titles have been used in this Agreement only for convenience and in no way define, limit, or describe the meaning of any Article or any part thereof. 

 

	 	(K)	Section 409A of the Code. 

 It is intended that this Agreement shall comply with the provisions of Section 409A of the Code and the Treasury regulations relating thereto, or an exemption to Section 409A of the Code, and
payments, rights and benefits may only be made, satisfied or provided under this Agreement upon an event and in a manner permitted by Section 409A of the Code, to the extent applicable, so as not to subject Executive to the payment of taxes and
interest under Section 409A of the Code. In furtherance of this intent, this Agreement shall be interpreted, operated and administered in a manner consistent with these intentions. Terms defined in this Agreement shall have the meanings given
to such terms under Section 409A of the Code if and to the extent required in order to comply with Section 409A of the Code. No payments to be made under this Agreement may be accelerated or deferred except as specifically permitted under
Section 409A of the Code. To the extent that any regulations or other guidance issued under Section 409A of the Code would result in the Executive being subject to payment of additional income taxes or interest under Section 409A of
the Code, the parties agree to amend this Agreement to maintain to the maximum extent practicable the original intent of this Agreement while avoiding the application of such taxes or interest under Section 409A of the Code. Any payments that
qualify for the “short-term deferral” exception or another exception under Section 409A of the Code shall be paid under the applicable exception. For purposes of the limitations on nonqualified deferred compensation under
Section 409A of the Code, each payment of compensation under this Agreement shall be treated as a separate payment of compensation for purposes of applying the Section 409A of the Code deferral election rules and the exclusion under
Section 409A of the Code for certain short-term deferral amounts. In no event may the Executive, directly or indirectly, designate the calendar year of any payment under this Agreement. 

SIGNATURES APPEAR ON NEXT PAGE 

  
 16 

 IN WITNESS WHEREOF, the parties have signed this Agreement on which is
effective on the date and year first above written. 
  

							
	ATTEST	 		 	State Auto Financial Corporation
				
	 /s/ James A. Yano
	 		 	By:	 	 /s/ Paul Williams

	James A. Yano	 		 		 	Paul Williams, Chair of the
	Secretary	 		 		 	Compensation Committee
			
		 		 	State Auto Property and Casualty Insurance Company
				
	 /s/ James A. Yano
	 		 	By:	 	 /s/ Paul Williams

	James A. Yano	 		 		 	Paul Williams, Chair of the
	Secretary	 		 		 	Compensation Committee
			
		 		 	State Automobile Mutual Insurance Company
				
	 /s/ James A. Yano
	 		 	By:	 	 /s/ Michael J. Fiorile

	James A. Yano	 		 		 	Michael J. Fiorile, Chair of the
	Secretary	 		 		 	Nominating and Governance Committee
			
		 		 	Executive
				
		 		 	By:	 	 /s/ Robert P. Restrepo, Jr.

		 		 		 	Robert P. Restrepo, Jr.

  
 17Executive Agreement

 EXHIBIT 10.57 
 EXECUTIVE AGREEMENT 
 This Executive Agreement (this
“Agreement”) is made as of December 20, 2011, by and among State Auto Financial Corporation, an Ohio corporation (“State Auto Financial”), State Automobile Mutual Insurance Company, an Ohio-domiciled mutual insurance company
(“State Auto Mutual”), and Robert P. Restrepo, Jr. (the “Executive”). 
 BACKGROUND INFORMATION

 State Auto Financial is a majority-controlled, publicly-traded holding company subsidiary of State Auto
Mutual, which is the ultimate controlling entity of the State Auto holding company system and, together with their respective operating subsidiaries and affiliates, State Auto Financial and State Auto Mutual engage in the property casualty and
specialty insurance business. Each of State Auto Financial and State Auto Mutual (collectively, the “Companies”) considers the establishment and maintenance of a sound and vital management to be an important part of their overall corporate
strategy and to be essential to protecting and enhancing the interests of the Companies and their respective owners. As part of this corporate strategy, the Companies wish to act to retain their well-qualified executive officers notwithstanding any
actual or threatened change in control of State Auto Financial or State Auto Mutual. 
 Executive is a party to
an Employment Agreement with the Companies dated as of December 20, 2011, as it may be amended from time to time (the “Employment Agreement”). The Employment Agreement does not address the impact of a Change in Control (as defined
below), except to incorporate by reference the provisions of this Agreement. 
 Executive is the Chairman, Chief
Executive Officer and President of State Auto Financial and State Auto Mutual and their respective subsidiaries and affiliates, and the Executive’s services, experience and knowledge of the business of the Companies, and reputation and contacts
in the industry are extremely valuable to the Companies. The Executive’s continued dedication, availability, advice, and counsel to the Companies are deemed important to the Companies, the Boards of Directors of State Auto Financial and State
Auto Mutual (collectively, the “Board”), and their shareholders and policyholders, respectively. It is, therefore, in the best interests of the Companies to secure the continued services of the Executive notwithstanding any actual or
threatened change in control of the Companies. Accordingly, the Boards of State Auto Financial and State Auto Mutual, acting by and through the Compensation Committee and Nominating and Governance Committee, respectively, have approved this
Agreement with the Executive and authorized its execution and delivery on behalf of the Companies. 
 STATEMENT OF AGREEMENT

 In consideration of the mutual covenants set forth herein and INTENDING TO BE LEGALLY BOUND HEREBY, the
Companies and Executive hereby agree as follows: 
 1. Term of Agreement. This Agreement will begin on the date entered
above and will continue in effect through December 31, 2015; provided, however, that this Agreement shall terminate concurrent with the termination of the Employment Agreement. Notwithstanding the

  
 1 

 
above, if a “Change of Control” (as defined herein) of the Companies occurs during the term of this Agreement, the term of this Agreement will be extended for the lesser of thirty-six
(36) months beyond the end of the month in which any such Change of Control occurs, or until December 31, 2015. 
 2.
Definitions. The following defined terms shall have the meanings set forth below, for purposes of this Agreement: 
  

	 	(a)	 Annual Base Salary. “Annual Base Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive
during the 12 month period immediately prior to a Change of Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  

	 	(b)	 Average Annual Award. “Average Annual Award” means the average of the two most recent cash payments paid or payable to the Executive under
the Companies’ LBP immediately preceding the Change Year. 

  

	 	(c)	 Cause. “Cause” shall be given the meaning used in the Employment Agreement. 

 

	 	(d)	 Change of Control. “Change of Control” means the occurrence of any of the following: 

 

	 	(1)	 Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of State Auto Financial representing 30% or more of the combined voting power of State Auto
Financials then outstanding securities, excluding (i) any acquisition by State Auto Financial or any Subsidiary; (ii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by State Auto Financial, a
Subsidiary or State Auto Mutual or any such acquisition by State Auto Mutual; or 

  

	 	(2)	 A majority of the Board of Directors of State Auto Financial at any time is comprised of other than Continuing Directors (for purposes of this
Agreement, the term “Continuing Director” means a director who was either (A) first elected or appointed as a Director prior to the date of this Agreement; or (B) subsequently elected or appointed as a director if such director
was nominated by the Nominating and Governance Committee of State Auto Financial or appointed by at least two thirds of the then Continuing Directors); or 

 

	 	(3)	 Any event or transaction if State Auto Financial would be required to report it in response to Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Exchange Act; or 

  
 2 

	 	(4)	 Any of the following occurs: 

  

	 	(A)	 a merger or consolidation of State Auto Financial, other than a merger or consolidation in which the voting securities of State Auto Financial
immediately prior to the merger or consolidation continue to represent (either by remaining outstanding or being converted into securities of the surviving entity) more than 50% of the combined voting power of State Auto Financial or surviving
entity immediately after the merger or consolidation with another entity; 

  

	 	(B)	 a sale, exchange, lease, mortgage, pledge, transfer, or other disposition (in a single transaction or a series of related transactions) of all or
substantially all of the assets of State Auto Financial which shall include, without limitation, the sale of assets or earning power aggregating more than 50% of the assets or earning power of State Auto Financial on a consolidated basis;

  

	 	(C)	 a reorganization, reverse stock split, or recapitalization of State Auto Financial which would result in any of the foregoing; or

  

	 	(D)	 a transaction or series of related transactions having, directly or indirectly, the same effect as any of the foregoing.

  

	 	(5)	 As respects State Auto Mutual, any of the following occurs: 

 

	 	(A)	 State Auto Mutual affiliates with or is merged into or consolidated with a third party and as a result, a majority of the Board of Directors of
State Auto Mutual or its successor is comprised of other than Continuing Directors (as defined above); or 

  

	 	(B)	 State Auto Mutual completes a conversion to a stock insurance company and as a result of which a majority of the Board of Directors of State Auto
Mutual or its successor is comprised of other than Continuing Directors (as defined above). 

  

	 	(6)	 Notwithstanding the foregoing, for purposes of this Change of Control definition, the percentage of securities ownership listed under subsection
(d)(1) above (i.e., 30%) shall increase or decrease, as the case may be, such that the percentage of securities ownership is consistent with any future changes to the percentage of securities ownership represented in the Change of Control definition
in Section 11(B)(2)(a) (or any successor Section) of the State Auto Financial Corporation 2009 Equity Incentive Compensation Plan, as amended from time to time, or any successor plan thereto. 

 

	 	(e)	 Change Year. “Change Year” means the calendar year in which a Change of Control occurs. 

	

  
 3 

	 	(f)	 Disability. “Disability” shall be given the meaning used in the Employment Agreement. 

 

	 	(g)	 Employee Benefits. “Employee Benefits” means the perquisites, benefits, and service credit for benefits as provided under any and all
employee retirement income and welfare benefit policies, plans, programs, or arrangements in which the Executive is entitled to participate, including without limitation any stock option, stock purchase, stock appreciation, savings, pension,
supplemental executive retirement, or other retirement income or welfare benefit, deferred compensation, incentive compensation, group or other life, health, medical/hospital, or other insurance (whether funded by actual insurance or self-insured by
the Companies), disability, salary continuation, expense reimbursement, and other employee benefit policies, plans, programs, or arrangements that may now exist or any equivalent successor policies, plans, programs, or arrangements that may be
adopted hereafter, providing perquisites and benefits at least as great in a monetary equivalent as are payable thereunder prior to a Change in Control. 

 

	 	(h)	 Employment Agreement. “Employment Agreement” means as described above. 

 

	 	(i)	 Good Reason. “Good Reason” means the occurrence of any one or more of the following: 

 

	 	(1)	 The assignment to the Executive of duties which are materially and adversely different from or inconsistent with the duties, responsibilities, and
status of the Executive’s position at any time during the 12 month period prior to such Change of Control, or which result in a significant change in the Executive’s authority and responsibility as the Chief Executive Officer of the
Companies; 

  

	 	(2)	 A material reduction by the Companies in the Executive’s Annual Base Salary in place as of the day immediately prior to a Change of Control, or
the failure to grant salary increases and bonus payments on a basis comparable to those granted to other executives of the Companies, or a reduction of the Executive’s most recent highest incentive bonus potential under the Executive’s LBP
prior to such Change of Control, or any successor to such arrangement; 

  

	 	(3)	 A demand by the Companies that the Executive relocate to a location in excess of 35 miles from the location where the Executive is currently based,
or in the event of any such relocation with the Executive’s express written consent, the failure of the Companies or a Subsidiary to pay (or reimburse the Executive for) all reasonable moving expenses incurred by the Executive relating to a
change of principal residence in connection with such relocation and to indemnify the Executive against any loss in the sale of the Executive’s principal residence in connection with any such change of residence and any expenses incurred by
Executive that are 

  
 4 

	 	 
directly attributable to such sale (for purposes of this provision, “loss” is understood to mean a sale of such principal residence at a price less than the adjusted basis in such
residence); 

  

	 	(4)	 The failure of the Companies to obtain a satisfactory agreement from any successor to the Companies to assume and agree to perform this Agreement,
as contemplated in Section 16 of this Agreement; 

  

	 	(5)	 The failure of the Companies to provide the Executive with substantially the same Employee Benefits that were provided to him immediately prior to
the Change in Control, or with a package of Employee Benefits that, though one or more of such benefits may vary from those in effect immediately prior to such Change in Control, is substantially comparable in all material respects to such Employee
Benefits taken as a whole; or 

  

	 	(6)	 Any material reduction in the Executive’s compensation or benefits or adverse change in the Executive’s location or duties, if such
reduction or adverse change occurs at any time after the commencement of any discussion with a third party relating to a possible Change of Control of the Companies involving such third party, if such reduction or adverse change is in contemplation
of such possible Change of Control and such Change of Control is actually consummated within 12 months after the date of such reduction or adverse change. 

The existence of Good Reason shall not be affected by the Executive’s incapacity due to physical or mental illness.
The Executive’s determination of Good Reason shall be conclusive and binding upon the parties to this Agreement provided such determination has been made in good faith. Executive shall provide the Companies with written notice of his intent to
terminate with Good Reason within a period not to exceed 90 days of the initial existence of the condition constituting Good Reason. The Companies shall have a period of 30 days in which it may remedy the condition and prevent Executive’s
termination for Good Reason. The determination as to whether an event that constitutes “Good Reason” exists shall be made in a manner consistent with the guidance published under Section 409A of the Code. 

 

	 	(j)	 Notice of Termination. “Notice of Termination” means a written notice indicating the specific termination provision in this Agreement
relied upon and setting forth in reasonable detail the facts and circumstances claimed to provide a basis for the separation from service under the provision so indicated. 

 

	 	(k)	 Retirement. “Retirement” means having reached normal retirement age as defined in the State Auto Insurance Companies Employee Retirement
Plan (“State Auto Pension Plan”) or taking early retirement in accordance with the terms of the State Auto Pension Plan. 

  

	 	(l)	 Severance Benefits. “Severance Benefits” means the benefits described in Section 4 of this Agreement, as adjusted by the applicable
provisions of Section 5 of this Agreement. 

  
 5 

	 	(m)	 Special SERP. “Special SERP” means the Supplemental Executive Retirement Plan that became effective January 1, 2007.

  

	 	(n)	 Subsidiary. “Subsidiary” means any corporation, insurance company, or other entity a majority of the voting control of which is directly
or indirectly owned or controlled at the time by State Auto Financial. 

 3. Eligibility for Severance
Benefits. The Companies or their successor shall pay or provide to the Executive the Severance Benefits if the Executive incurs a separation from service (as defined in Section 409A of the Internal Revenue Code of 1986, as amended
(“Code”)), during the term of this Agreement: 
  

	 	(a)	 by the Companies at any time within 24 months after a Change of Control; or 

 

	 	(b)	 by the Executive for Good Reason at any time within 24 months after a Change of Control; or 

 

	 	(c)	 by the Companies at any time after an agreement has been reached with an unaffiliated third party, the performance of which agreement would result
in a Change of Control involving such third party, if such Change of Control is actually consummated within 12 months after the date of such separation from service. Notwithstanding any provision of Section 2(d) to the contrary, a “Change
in Control” for purposes of this Section 3(c) shall not be deemed to have occurred unless the Change in Control event constitutes a “change in ownership or effective control of a corporation, or a change in the ownership of a
substantial portion of the assets of a corporation” under Section 409A of the Code. 

 4.
Severance Benefits. The Executive, if eligible under Section 3 of this Agreement, shall receive the following Severance Benefits, adjusted by the applicable provisions of Section 5 of this Agreement (in addition to accrued
compensation, bonuses, and vested benefits and other equity based awards); 
  

	 	(a)	 Annual Base Salary. In addition to any accrued compensation payable as of the Executive’s separation from service (either by reason of
Executive’s Employment Agreement or otherwise), a lump sum cash amount equal to the Executive’s Annual Base Salary, multiplied by 2.99, unless at the time of such separation from service the Executive is within two years of mandatory
retirement on December 31, 2015, in which case the benefit due under this Section 4(a) shall not exceed Executive’s Annual Base Salary multiplied by a factor equal to the number of months remaining until December 31, 2015,
presented as a whole integer and a fraction of a partial year (e.g., 15 months equals 1.25). 

  

	 	(b)	 Annual Incentive Compensation. In addition to any compensation otherwise payable pursuant to the Executive’s LBP and the bonus payable under
the Companies’ Quality Performance Bonus Plan (“QPB Plan”), a lump sum cash amount equal to the Executive’s Average Annual Award and the total bonus under the QPB Plan paid to Executive during the calendar year immediately
preceding the Change Year, multiplied by 2.99 unless at the time of such separation from 

  
 6 

	 	 
service the Executive is within two years of mandatory retirement on December 31, 2015, in which case the benefit due under this Section 4(b) shall not exceed the Executive’s
Average Annual Award and total bonus under the QPB Plan, as aforesaid multiplied by a factor equal to the number of months remaining until December 31, 2015, presented as a whole integer and a fraction of a partial year (e.g., 15 months equals
1.25). In order to be entitled to a payment pursuant to this Section 4(b), the Executive must have been a party to LBP or QPB at some time during the 12 month period immediately preceding the Change of Control. In addition, Executive shall be
entitled to receive a prorated LBP for the Change Year. 

  

	 	(c)	 Health Care Reimbursement. The Companies shall pay Executive an amount equal to the Companies’ then current monthly per employee cost of
providing State Auto’s health insurance benefit multiplied by 24, or by the number of months until December 31, 2015, whichever is less. Such amount shall be paid in a lump sum. 

 

	 	(d)	 Insurance Benefits. For a two year period commencing on the date the employment is terminated, or until December 31, 2015, whichever is
earlier, the Companies will arrange to provide to the Executive at the Companies’ expense, subject to the then current employee contribution being paid by Executive, if any, with: 

 

	 	(1)	 Life Insurance. Life and accidental death and dismemberment insurance coverage (including any supplemental coverage, purchase opportunity, and
double indemnity for accidental death that was available to the Executive) equal (including policy terms) to that in effect at the time Notice of Termination is given (or on the date the employment is terminated if no Notice of Termination is
required) or, if more favorable to the Executive, equal to that in effect at the date immediately prior to the Change of Control. 

  

	 	(2)	 Disability Insurance. Disability insurance coverage (including policy terms) equal to that in effect at the time Notice of Termination is given (or
on the date employment is terminated if no Notice of Termination is required) or, if more favorable to the Executive, equal to that in effect immediately prior to the Change of Control; provided, however, that no income replacement benefits will be
payable under such disability policy with regard to the two year period following a separation from service provided that the payments payable under Sections 4(a) and (b) above have been made. Notwithstanding the foregoing, if the Companies
secure insurance policies under this Section and payment under such policies results in an overpayment to the Executive, the Companies reserve the right to seek return of the excess payments made to or benefits received by the Executive.

  
 7 

 In the event the Executive’s participation in any such plan or program
is not permitted by the applicable terms of the governing plan document or policy, the Companies will directly provide, at no after-tax cost to the Executive, the benefits to which the Executive would be entitled under such plans and programs. Any
taxable welfare benefits provided to Executive pursuant to this Section 4(c) that are not “disability pay” or “death benefits’ within the meaning of Treasury Regulation Section 1.409A-1(a)(5) (collectively, the
“Applicable Benefits”) shall be subject to the following requirements in order to comply with Section 409A of the Code. The amount of any Applicable Benefits provided during one taxable year shall not affect the amount of the
Applicable Benefits provided in any other taxable year. No Applicable Benefits may be liquidated or exchanged for another benefit. During the period of 6 months immediately following Executive’s separation from service, Executive shall be
obligated to pay the Companies the full cost for any Applicable Benefits that do not constitute health benefits of the type required to be provided under Section 4980B of the Code, and the Companies shall reimburse Executive for any such
payments on the first business day that is more than 6 months after Executive’s separation from service. 
  

	 	(e)	 Retirement Benefits. The Executive will be entitled to receive retirement benefits as provided under the Companies’ defined benefit (qualified
and nonqualified) retirement plans (which shall include the Supplemental Retirement Plan (“SERP”) and the Special SERP, but not include any severance plans) in which the Executive participates. The benefits specified in this subsection
will be paid under the terms of, and at the same time and in the same form as provided under, the qualified retirement plans, SERP, Special SERP, or other similar nonqualified arrangement designated by the Companies according to its terms and
conditions. Notwithstanding the foregoing, if any qualified plan benefit provided under this subsection is unable to be paid under the terms of the applicable qualified plan, such benefits shall be paid at the same time and in the same form as
benefits that are paid under the SERP.. The benefits specified in this subsection will include all ancillary benefits, such as early retirement and survivor rights and benefits available at retirement. The amount payable to the Executive or the
Executive’s beneficiaries under this subsection shall equal the excess of (1) the retirement benefits that would be paid to the Executive or the Executive’s beneficiaries, under such defined benefit retirement plans of the Companies
in which the Executive participates if (A) the terms of such plans were those most favorable to the Executive in effect at any time during the period commencing prior to the Change of Control and ending on the date of Notice of Termination (or
on the separation from service date if no Notice of Termination is required), and (B) the Executive’s highest average annual compensation as defined under such defined benefit retirement plans; over (2) the retirement benefits that
are payable to the Executive or the Executive’s beneficiaries under such defined benefit retirement plans of the Companies in which the Executive participates. 

 

	 	(f)	 Outplacement. The Companies shall pay all reasonable fees Executive actually incurs for appropriate outplacement services up to a maximum equal to 1
5 % of the Executive’s Annual Base Salary used to calculate the Executive’s benefit under Section 4(a) of this Agreement, plus provide a travel expense account of up to $5,000 to reimburse job search travel. Such reimbursements
shall be limited to those amounts paid within 24 months of the Executive’s date of separation from service with the Companies. 

  
 8 

	 	(g)	 Stock Options. Stock Options or other Equity based awards held by the Executive become exercisable upon a Change of Control according to the terms
of the Companies’ equity compensation plans and any option agreements effecting outstanding option grants or other equity based awards, as interpreted by State Auto Financial’s Compensation Committee as such Committee existed immediately
prior to the Change of Control. 

 In computing and determining Severance Benefits under
Sections 4(a), (b), (c), (d), (e), (f) and (g) above, a decrease in the Executive’s salary, incentive bonus potential, or insurance benefits shall be disregarded if such decrease occurs within six months before a Change of Control, is
in contemplation of such Change of Control, and is taken to avoid the effect of this Agreement should such action be taken after such Change of Control. In such event, the salary, incentive bonus potential, and/or insurance benefits used to
determine Severance Benefits shall be that in effect immediately before the decrease that is disregarded pursuant to this Section 4. 
 The Severance Benefits provided in Sections 4(a), 4(b), and 4(c) above shall be paid not later than 45 business days following the date the Executive’s employment terminates, subject to the
requirements of the following paragraph. Notwithstanding the foregoing, in the event Executive is a “specified employee” as defined in Code Section 409A, any payments under this Agreement due to a separation from service (as defined
in Section 409A of the Code) and subject to Code Section 409A shall be delayed until a date that is six months after the date of separation from service (or, if earlier, the date of death of Executive). Payments to which a ‘specified
employee” would otherwise be entitled during the first six months following the date of separation shall be accumulated and paid as of the first day of the seventh month following the date of separation from service. 

Notwithstanding any provision to the contrary, the payments and benefits due to Executive under this Agreement shall
commence no later than 90 days after Executive’s separation from service, provided that Executive has executed a valid release of State Auto, and its respective officers, directors and employees, from any and all actions, suits, proceedings,
claims and demands relating to Executive’s employment and termination, and the applicable revocation period has expired within this period. 
 5. Excess Severance Payment. If any Severance Benefit or other benefit paid or provided under Section 4, above, or the acceleration of stock option vesting, would be subject to excise tax
pursuant to Code Section 4999 (or any similar federal or state excise tax), but would not be so subject if the total of such payments would be reduced by 10% or less, then such payment shall be reduced by the minimum amount necessary so as not
to cause State Auto to have paid an Excess Severance Payment as defined in Code Section 280G(b)(1) and so Executive will not be subject to Excise Tax pursuant to Code Section 4999. The calculation of the 280G reduction shall be approved by
State Auto’s independent certified public accounting firm engaged by State Auto immediately prior to the Change of Control and the calculation shall be provided to Executive in writing. Executive shall then be given 15 days, or such longer
period as Executive reasonably requests and to which State Auto agrees, such agreement not to be unreasonably 

  
 9 

 
withheld, to accept or reject the calculation of the 280G reduction. If Executive rejects the 280G reduction calculation and the parties are thereafter unable to agree within an additional 45
days, the arbitration provisions of Section 12 shall control. State Auto shall reimburse Executive for all reasonable legal and accounting fees incurred with respect to the calculation of the 280G reduction and any disputes related thereto. Any
payments owed to Executive under this Section 5, which are subject to the rules under Code Section 409A and related regulations, shall be made to Executive no later than the end of the calendar year following the calendar year in which the
taxes are remitted to the taxing authority. In the event that the amount of any Severance Benefit that would be payable to or for the benefit of Executive under this Agreement must be modified or reduced to comply with this provision, it shall be
modified or reduced on a pro-rata basis. In no event shall the total payments be reduced by more than 10% in order to avoid treatment as an Excess Severance Payment. 
 6. Withholding of Taxes. To the extent required by the law, the Companies shall withhold from the payments made hereunder any taxes required to be withheld by the federal or any state or local
government. 
 In accordance with Section 409A of the Code and the regulations issued thereunder, this
Agreement shall permit the payment of amounts necessary to (a) satisfy the employment tax withholding obligations that arise under this Agreement prior to the date that payment may otherwise be made under this Agreement and/or (b) satisfy
the excise tax or underpayment penalties owed under Section 409A of the Code in the event of a violation of Section 409A of the Code under this Agreement. 
 7. Delayed Payments. In the event of a genuine dispute between the Companies or any Subsidiary and the Executive regarding the amount or timing of benefits under this Agreement, a delay in the
payment of amounts under this Agreement shall not cause the Executive to violate Section 409A of the Code to the extent that such delay satisfies the conditions set forth in Section 409A of the Code and applicable regulations thereunder.

 8. Acknowledgement. The Companies hereby acknowledges that it will be difficult and may be impossible for the
Executive to find reasonably comparable employment, or to measure the amount of damages which the Executive may suffer as a result of separation from service hereunder. Accordingly, the payment of the Severance Benefits by the Companies to the
Executive in accordance with the terms of this Agreement is hereby acknowledged by the Companies to be reasonable and will be liquidated damages, and the Executive will not be required to mitigate the amount of any payment provided for in this
Agreement by seeking other employment or otherwise, nor will any profits, income, earnings, or other benefits from any source whatsoever create any mitigation, offset, reduction, or any other obligation on the part of the Executive hereunder or
otherwise. The Companies shall not be entitled to set off or counterclaim against amounts payable hereunder with respect to any claim, debt, or obligation of the Executive. 
 9. Enforcement Costs; Interest. The Companies are aware that, upon the occurrence of a Change in Control, the Board or a stockholder of the Companies may then cause or attempt to cause the
Companies to refuse to comply with their obligations under this Agreement, or may cause or attempt to cause the Companies to institute, or may institute, litigation, arbitration, or 

  
 10 

 
other legal action seeking to have this Agreement declared unenforceable, or may take, or attempt to take, other action to deny the Executive the benefits intended under this Agreement. In these
circumstances, the purpose of this Agreement could be frustrated. It is the intent of the Companies that the Executive not be required to incur the expenses associated with the enforcement of the Executive’s rights under this Agreement by
litigation, arbitration, or other legal action nor be bound to negotiate any settlement of the Executive’s rights hereunder under threat of incurring such expenses because the cost and expense thereof would substantially detract from the
benefits intended to be extended to the Executive under this Agreement. Accordingly, if following a Change in Control it should appear to the Executive that the Companies have failed to comply with any of their obligations under this Agreement, or
in the event that the Companies or any other person takes any action to declare this Agreement void or unenforceable, or institute any litigation or other legal action designed to deny, diminish or to recover from the Executive, the benefits
intended to be provided to the Executive hereunder, the Companies irrevocably authorizes the Executive from time to time to retain counsel (legal and accounting) of the Executive’s choice at the expense of the Companies as provided in this
Section 9 to represent the Executive in connection with or the initiation or defense of any litigation or other legal action, whether by or against the Companies or any director, officer, stockholder, or other person affiliated with the
Companies. Notwithstanding any existing or prior attorney-client relationship between the Companies and such counsel, the Companies irrevocably consents to the Executive entering into an attorney-client relationship with such counsel, and in that
connection the Companies and the Executive agree that a confidential relationship shall exist between the Executive and such counsel. The reasonable fees and expenses of counsel selected from time to time by the Executive as provided in this
Section 9 shall be paid or reimbursed to the Executive by the Companies on a regular, periodic basis upon presentation by the Executive of a statement or statements prepared by such counsel in accordance with their customary practices;
provided, however, that the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, and provided further, that the reimbursement of any eligible expenses
shall be made on or before the last day of the calendar year following the calendar year in which such expense was incurred. In any action involving this Agreement, the Executive shall be entitled to prejudgment interest on any amounts found to be
due him from the date such amounts would have been payable to the Executive pursuant to this Agreement at an annual rate of interest equal to the prime commercial rate in effect at the corporation’s principal bank or their successor from time
to time during the prejudgment period plus 4 percent. 
 10. Forfeiture Events; Clawback Rights. 

 

	 	(a)	 The Board may, in its discretion, require Executive to repay the Companies all or any portion of the amounts paid as Severance Benefits if:

  

	 	(1)	 Executive violates any non-competition, non-solicitation or confidentiality covenant applicable to the Executive and for the benefit of the
Companies, including such covenants included in this Agreement; 

  

	 	(2)	 It is later discovered that Executive engaged in conduct detrimental to the Companies during the Employment Term which has a material adverse effect
on the Companies as determined by the Board of Directors of State Auto Mutual, in its discretion; or 

  
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 (3) (A) The amount of any of the Severance Benefits was calculated
based upon the achievement of certain financial results      of the Companies that were subsequently the subject of a financial statement restatement by the Companies; 

(B) Executive engaged in conduct detrimental to the Companies that caused or substantially contributed to the need for
the financial statement restatement by the Companies; and 
 (C) The amount of Executive’s Severance
Benefits would have been lower than the amount actually awarded to Executive had the financial results been properly reported. 
 Notwithstanding the foregoing, if the Board determines that Executive engaged in fraudulent conduct, then the Board will seek repayment of the Severance Benefits. This provision shall not be the exclusive
remedy of the Companies with respect to such matters. 
  

	 	(b)	 The terms of any compensation recovery or recoupment policy heretofore or hereafter adopted by the Board, including any and all amendments thereto
(a “clawback policy”), are hereby incorporated into this Agreement by reference. In addition to the terms and conditions set forth in this Agreement, Executive agrees that any amounts payable or paid to Executive under this Agreement shall
be subject to the terms of any clawback policy of the Board. 

 11. Indemnification. From and after the
earliest to occur of a Change of Control or separation from service, the Companies shall (a) for a period of five years after such occurrence, provide the Executive (including the Executive’s heirs, executors, and administrators) with
coverage under a standard directors’ and officers’ liability insurance policy at the Companies’ expense, and (b) indemnify and hold harmless the Executive, to the fullest extent permitted or authorized by the law of the State of
Ohio as it may from time to time be amended, if the Executive is (whether before or after the Change of Control) made or threatened to be made a party to any threatened, pending or completed action, suit, or proceeding, whether civil, criminal,
administrative, or investigative, by reason of the fact that the Executive is or was a director, officer, or employee of the Companies or any Subsidiary, or is or was serving at the request of the Companies or any Subsidiary, as a director, trustee,
officer, or employee of an insurance company, corporation, partnership, joint venture, trust, or other enterprise. The indemnification provided by this Section 11 shall not be deemed exclusive of any other rights to which the Executive may be
entitled under the charter or bylaws of the Companies or of any Subsidiary, or any agreement, vote of shareholders or disinterested directors, or otherwise, both as to action in the Executive’s official capacity and as to action in another
capacity while holding such office, and shall continue as to the Executive after the Executive has ceased to be a director, trustee, officer, or employee and shall inure to the benefit of the heirs, executors, and administrators of the Executive.

  
 12 

 12. Arbitration. The method for resolving any dispute arising out of this Agreement
shall be binding arbitration in accordance with this Section. Except as provided otherwise in this Section, arbitration pursuant to this Section shall be governed by the Commercial Arbitration Rules of the American Arbitration Association, A party
wishing to obtain arbitration of an issue shall deliver written notice to the other party, including a description of the issue to be arbitrated. Within 15 days after either party demands arbitration, the Companies and the Executive shall each
appoint an arbitrator. Within 15 additional days, these two arbitrators shall appoint the third arbitrator by mutual agreement; if they fail to agree within this 15 day period, then the third arbitrator shall be selected promptly pursuant to the
rules of the American Arbitration Association for Commercial Arbitration. The arbitration panel shall hold a hearing in Columbus, Ohio, within 90 days after the appointment of the third arbitrator. The fees and expenses of the arbitrator, and any
American Arbitration Association fees, shall be paid by the Companies. Both the Companies and the Executive may be represented by counsel (legal and accounting) and may present testimony and other evidence at the hearing. Within 90 days after
commencement of the hearing, the arbitration panel will issue a written decision; the majority vote of two of the three arbitrators shall control. The majority decision of the arbitrators shall be binding on the parties. The Executive shall be
entitled to seek specific performances of the Executive’s rights under this Agreement during the pendency of any dispute or controversy arising under or in connection with this Agreement. 

13. Employment Rights. This Agreement sets forth the Severance Benefits payable to the Executive in the event the Executive’s
employment with the Companies is terminated under certain conditions specified in Section 3 of this Agreement. This Agreement is not an employment contract nor shall it confer upon the Executive any right to continue in the employ of the
Companies or their Subsidiaries and shall not in any way affect the right of the Companies or their Subsidiaries to dismiss or otherwise terminate the Executive’s employment at any time with or without cause. 

14. Arrangements Not Exclusive. The specific benefit arrangements referred to in this Agreement are not intended to exclude the
Executive from participation in or from other benefits available to executive personnel generally or to preclude the Executive’s right to other compensation or benefits as may be authorized by the Board at any time. The provisions of this
Agreement and any payments provided for hereunder shall not reduce any amounts otherwise payable, or in any way diminish the Executive’s existing rights, or rights which would accrue solely as the result of the passage of time under any
compensation plan, benefit plan, incentive plan, stock option plan, employment agreement, or other contract, plan, or arrangement except as may be specified in such contract, plan or arrangement. Notwithstanding anything to the contrary in this
Section 14, the Severance Benefits provided in Section 4 of this Agreement are in lieu of any benefits to which the Executive would be entitled following the Executive’s separation from service pursuant to any Employment Agreement
with the Companies, if the separation from service is due to a Change of Control. 
 15. Termination. This Agreement
shall terminate if the employment of the Executive with the Companies shall terminate prior to a Change of Control; provided, however, that this 

  
 13 

 
Agreement shall not terminate upon Executive’s separation from service in the event of a pending Change of Control event as described in Section 3(c), above. Executive agrees that, upon
termination of Executive’s employment for any reason set forth, Executive shall immediately resign as a director and officer from all State Auto companies. 
 16. Successors; Binding Agreements. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal and legal representatives, executors, administrators,
successors, heirs, distributees, devisees, and legatees. The Executive’s rights and benefits under this Agreement may not be assigned, except that if the Executive dies while any amount would still be payable to the Executive hereunder if the
Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement, to the beneficiaries designated by the Executive to receive benefits under this Agreement in Exhibit A
or, if there is no such beneficiary, to the Executive’s estate. The Companies will require any successor (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business and/or assets of
the Companies (or of any division or Subsidiary thereof employing the Executive) to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Companies would be required to perform it if no such
succession had taken place. Failure of the Companies to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle the Executive to compensation from the Companies in
the same amount and on the same terms to which the Executive would be entitled hereunder if the Executive terminated employment for Good Reason following a Change of Control. 
 17. No Vested Interest. Neither the Executive nor the Executive’s beneficiaries shall have any right, title, or interest in any benefit under this Agreement prior to the occurrence of the
right to the payment of such benefit. 
 18. Notice. For the purpose of this Agreement, notices and all other
communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or mailed by United States registered mail, return receipt requested, postage prepaid, addressed to such
addresses as each party may designate from time to time to the other party in writing in the manner provided herein. Unless designated otherwise, notices to the Companies should be sent to the Companies at: 

State Auto Financial Corporation 
 518 East Broad Street 
 Columbus, Ohio 43215 

Attention: General Counsel 
 Until designated otherwise, notices shall be sent to the Executive at the address indicated on the Beneficiary Designation and Notice form attached hereto as Exhibit A. If the parties by mutual agreement
supply each other with telecopier numbers for the purposes of providing notice by facsimile, such notice shall also be proper notice under this Agreement. Notice sent by certified or registered mail shall be effective two days after deposit by
delivery to the U.S. Post Office. 

  
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 19. Savings Clause. If any payments otherwise payable to the Executive under this
Agreement are prohibited or limited by any statute or regulation in effect at the time the payments would otherwise be payable (any such limiting statute or regulation a “Limiting Rule”): 

 

	 	(a)	 Companies will use their best efforts to obtain the consent of the appropriate governmental agency to the payment by Companies to the Executive of
the maximum amount that is permitted (up to the amounts that would be due to the Executive absent the Limiting Rule); and 

  

	 	(b)	 the Executive will be entitled to elect to have apply, and therefore to receive benefits directly under, either (i) this Agreement (as limited
by the Limiting Rule) or (ii) any generally applicable Companies severance, separation pay, and/or salary continuation plan that may be in effect at the time of the Executive’s separation from service. 

Following any such election, the Executive will be entitled to receive benefits under this Agreement or plan elected only
if and to the extent the Agreement or plan is applicable and subject to their specific terms. 
 20. Amendment; Waiver.
This Agreement may not be amended or modified and no provision may be waived unless such amendment, modification, or waiver is agreed to in writing and signed by the Executive and the Companies; provided, however, that this Agreement shall be
amended and/or modified as necessary to comply with Section 409A of the Code or regulations issued thereunder. 
 21.
Validity. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

22. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all
of which together shall constitute one and the same instrument. 
 23. Governing Law. Except as otherwise provided, this
Agreement shall be governed by the laws of the State of Ohio, without giving effect to any conflict of law provisions. 
 24.
Section 409A of the Code. It is intended that this Agreement shall comply with the provisions of Section 409A of the Code and the Treasury regulations relating thereto, or an exemption to Section 409A of the Code, and payments,
rights and benefits may only be made, satisfied or provided under this Agreement upon an event and in a manner permitted by Section 409A of the Code, to the extent applicable, so as not to subject Executive to the payment of taxes and interest
under Section 409A of the Code. In furtherance of this intent, this Agreement shall be interpreted, operated and administered in a manner consistent with these intentions. Terms defined in this Agreement shall have the meanings given to such
terms under Section 409A of the Code if and to the extent required in order to comply with Section 409A of the Code. No payments to be made under this Agreement may be accelerated or deferred except as specifically permitted under
Section 409A of the Code. To the extent that any regulations or other guidance 

  
 15 

 
issued under Section 409A of the Code would result in the Executive being subject to payment of additional income taxes or interest under Section 409A of the Code, the parties agree to
amend this Agreement to maintain to the maximum extent practicable the original intent of this Agreement while avoiding the application of such taxes or interest under Section 409A of the Code. Any payments that qualify for the “short-term
deferral” exception or another exception under Section 409A of the Code shall be paid under the applicable exception. For purposes of the limitations on nonqualified deferred compensation under Section 409A of the Code, each payment
of compensation under this Agreement shall be treated as a separate payment of compensation for purposes of applying the Section 409A of the Code deferral election rules and the exclusion under Section 409A of the Code for certain
short-term deferral amounts. In no event may the Executive, directly or indirectly, designate the calendar year of any payment under this Agreement. 
 25. Venue. The Companies and Executive designate either the Court of Common Pleas of Franklin County, Ohio or the U.S. District Court in Columbus, Ohio as the exclusive courts of competent
jurisdiction and venue for any actions or proceedings related to this Agreement and hereby irrevocably consent to such designation, jurisdiction and venue. 
 SIGNATURES APPEAR ON NEXT PAGE 

  
 16 

 IN WITNESS WHEREOF, the parties have signed this Agreement as of the day and year written
above. 
  

			
	State Auto Financial Corporation:
		
	By:	 	 /s/ Paul Williams

		 	Paul Williams, Chair of the
		 	Compensation Committee
	
	State Automobile Mutual Insurance Company:
		
	By:	 	 /s/ Michael J. Fiorile

		 	Michael J. Fiorile, Chair of the
		 	Nominating and Governance Committee
	
	Executive:
	
	 /s/ Robert P. Restrepo, Jr.

	Robert P. Restrepo, Jr.

  
 17

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