Document:

EXHIBIT 10.4(c)

POE & BROWN, INC.

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT
is entered between POE & BROWN, INC., hereinafter called the “Company” and Powell Brown, hereinafter called
“Employee”.

1.    Definitions.    “Company” means Poe & Brown, Inc. and with respect to
paragraph 8, hereof, also means its subsidiaries, affiliated companies and any company operated or supervised by the Company, as well as any successor
entity formed by merger or acquisition, including any company that may acquire a majority of the stock of Poe & Brown, Inc. “Employee”
means Powell Brown and with respect to paragraph 9 hereof also means any company or business in which Employee has a controlling or managing
interest.

2.    Employment.    The Company hereby employs Employee upon the terms and conditions set
forth in this Agreement.

3.    Term.    The term of the Agreement shall be continuous until terminated by either party,
except that termination shall be subject to the provisions of paragraph 7, below.

4.    Extent of Duties.    Employee shall work full time for the Company and shall also perform
such other and selected duties as specified from time to time by the Company. Employee’s duties under this Agreement shall be rendered at the
office of the Company in Daytona Beach, or at such other branch offices as assigned by the Company. During the term of Employee’s employment under
this Agreement, Employee shall not, directly or indirectly, engage in the insurance business in any of its phases, either as a broker, agent,
solicitor, consultant or participant, in any manner or in any firm or corporation engaged in the business of insurance or reinsurance, except for the
account of the Company or as directed by the Company. Unless otherwise agreed, Employee shall devote all of Employee’s productive time to duties
outlined in this paragraph and shall not engage in any other gainful employment without written consent of the Company.

5.    Compensation.    (a)    If the Employee is a Producer, then the
Company Producer Compensation System in effect and applicable at this time to the undersigned is the final determination of the compensation for the
Employee. Employee acknowledges that Employee has read and understands the provisions of the System, and understands that the System may be changed at
any time. Employee also understands that the Company Producer Compensation System is not a part of this Employment Agreement.

(b)    If the
Employee is not a Producer, then Employee’s compensation shall be as agreed between Company and Employee from time to time.

6.    Benefits.    Employee shall be entitled to enjoy the same benefits and privileges as
conferred upon any other employees of comparable rank within the Company. This includes plans such as life and health insurance, sick pay, paid
vacation and employee discounts. Employee acknowledges that the applicable benefits have been explained to Employee. Employee understands that such
benefits are provided by the Company at the Company’s discretion and may be changed, increased, decreased or eliminated from time to
time.

7.    Termination.    The employment relationship memorialized by this Agreement may be
terminated by Company or Employee at any time, with or without cause. Termination of Employee’s employment under this Agreement shall not release
either Employee or the Company from obligations hereunder arising or accruing through the date of such termination nor from the provisions of paragraph
8 of this Agreement. On notice of termination of or by the Employee, the Company has the power to suspend the Employee from all duties on the date
notice is given, and to immediately require return of all professional documentation as described in the Agreement.

8.    Confidential Information: Covenant Not to Solicit or Service Customers or Prospective Customers; Related
Matters.

(a)    Employee recognizes and acknowledges that the Confidential Information (as hereafter defined) constitutes valuable,
secret, special, and unique assets of Company. Employee covenants and agrees that, during the term of this agreement and for a period of three years
following termination (whether voluntary or involuntary), he or she will not disclose the Confidential Information to any person, firm, corporation,
association, or other entity for any reason or purpose without the express written approval of Company and will not use the Confidential Information
except in Company’s business. It is expressly understood and agreed that the Confidential Information is the property of Company and must be
immediately returned to Company upon demand therefor. The term Confidential Information includes each, every, and all written documentation related to
Company, whether furnished by Company or compiled by Employee, including but not limited to: (1) lists of the Company’s customers, companies,
Company accounts and records pertaining thereto; (2) customer lists, prospect lists, policy forms, and/or rating information, expiration dates,
information on risk characteristics, information concerning insurance markets for large or unusual risks, and all other types of written information
customarily used by Company or available to the Employee; and (3) information known to Employee but not reduced to written or recorded
form.

(b)    For a
period of three (3) years following termination (whether voluntary or involuntary), Employee specifically agrees not to solicit, accept, nor service,
directly or indirectly, as insurance solicitor, insurance agent, insurance broker, insurance wholesaler, managing general agent, or otherwise, for
Employees’ accounts or the accounts of any other agent, or broker, or insurer, either as officer, director, stockholder, owner, partner, employee,
promoter, consultant, manager, or otherwise any insurance or bond business of any kind or character from any person, firm, corporation, or other
entity, that is a customer or account of the Company during the term of this Agreement or from any prospective customer or

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account to whom the Company
made proposals about which Employee had knowledge, or in which Employee participated during the last two years of Employee’s employment with
Company. Should a court of competent jurisdiction declare any of the covenants set forth in this paragraph unenforceable due to an unreasonable
restriction of duration, geographical area or otherwise, each of the parties hereto agrees that such court shall be empowered and shall grant Company
injunctive relief reasonably necessary to protect its interest.

(c)    Employee agrees that Company shall have the right to communicate the terms of this Agreement to any third parties,
including but not limited to, any past, present or prospective employer of Employee. Employee waives any right to assert any claim for damages against
Company or any officer, employee or agent of Company arising from disclosure of the terms of this Agreement.

(d)    In the
event of the breach or threatened breach of the provisions of this paragraph, Company shall be entitled to injunctive relief as well as any other
applicable remedies at law or in equity. Employee understands and agrees that without such protection, Company’s business would be irreparably
harmed, and that the remedy of monetary damages alone would be inadequate.

9.    Organizing Competitive Businesses; Soliciting Company Employees.    Employee agrees that
so long as Employee is working for Company, Employee will not undertake the planning or organizing of any business activity competitive with the work
Employee performs. Employee agrees that Employee will not, for a period of two years following termination of employment with Company, directly or
indirectly solicit any of the Company’s employees to work for Employee or any other competitive company.

10.    Protection of Company Property.    All records, files, manuals, lists of customers,
blanks, forms, materials, supplies, computer programs and other materials furnished to the Employee by the Company, used by Employee on its behalf, or
generated or obtained by Employee during the course of Employee’s employment, shall be and remain the property of Company. Employee shall be
deemed the bailee thereof for the use and benefit of Company and shall safely keep and preserve such property, except as consumed in the normal
business operations of Company. Employee acknowledges that this property is confidential and is not readily accessible to Company’s competitors.
Upon termination of employment hereunder, the Employee shall immediately deliver to Company or its authorized representative all such property,
including all copies, remaining in the Employee’s possession or control.

11.    Attorneys’ Fees.    In the event of a dispute concerning the terms of this
Agreement, or arising out of the employment relationship created by this Agreement, the prevailing party shall be entitled to recover, in addition to
any other remedy obtained, all expenses and attorneys’ fees incurred.

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12.    Notices.    Any notices required or permitted to be given under this Agreement shall be
sufficient if in writing and if sent by Certified Mail to:

	Employee
at:
	 	213 Riverside Dr.
 Ormond Beach, FL 32176

	and to the Company
at:
	 	Poe & Brown, Inc.
 220 S. Ridgewood Avenue
 Daytona
Beach, FL 32115
 Attn:  Jim Henderson
 Executive Vice President

or such other address as either shall give to the other in
writing for this purpose.

13.    Waiver of Breach.    The waiver by either party of a breach of any provision of the
Agreement shall not operate or be construed as a waiver of any subsequent breach by the other party.

14.    Entire Agreement.    This instrument contains the entire agreement of the parties. All
contracts entered into which are dated prior to the Agreement are considered null and void. This Agreement may not be changed orally but only by an
agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension or discharge is
sought.

15.    Binding Effect.    This Agreement shall be binding on and inure to the benefit of the
respective parties and their respective heirs, legal representatives, successors and assigns.

16.    Interpretation.    This Agreement shall not be construed or interpreted in a manner
adverse to any party on the grounds that such party was responsible for drafting any portion of it.

17.    Waiver of Jury Trial.    Employee and Company hereby knowingly, voluntarily and
intentionally waive any right either may have to a trial by jury with respect to any litigation related to or arising out of, under or in conjunction
with this Agreement, or Employee’s employment with the Company.

18.    Assignment.    Employee agrees that Company may assign this Agreement to any entity in
connection with any sale of some or all of Company’s assets or subsidiary corporations, or the merger by Company with or into any business
entity.

19.    Governing Law.    This Agreement shall be governed by and construed according to the
laws of the State of Florida, excluding laws related to conflicts of law.

IN WITNESS WHEREOF, the parties
have executed this Agreement on October 8, 1996.

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	Witnesses:
	   	   	   	POE & BROWN, INC.

	 
	/s/ Iris Tyler

	   	   	   	By: /s/ Charles H. Lydecker

	 
	   	   	   	  

	 
	   	   	   	Name: Charles H. Lydecker

	 
	   	   	   	  

	/s/ Thomas
Martin
As to Company
	   	   	   	Title: Senior Vice President

	 
	 
	   	   	   	EMPLOYEE

	 
	   	   	   	  

	 
	   	   	   	/s/ J. Powell Brown

	 
	   	   	   	  

	/s/ Iris Tyler

	   	   	   	J. Powell Brown

	 
	   	   	   	  

	/s/ Thomas
Martin
As to Employee
	   	   	   	   	   	   

 

5EXHIBIT 10.6(b)

BROWN & BROWN, INC.
 STOCK PERFORMANCE
PLAN

As Amended, Effective January 23,
2008

Brown & Brown, Inc., a
corporation organized under the laws of the State of Florida, establishes this Stock Performance Plan for the purposes of attracting and retaining Key
Employees, providing an incentive for Key Employees to achieve long-range performance goals, and enabling Key Employees to share in the successful
performance of the stock of Brown & Brown, Inc., as measured against pre-established performance goals.

ARTICLE I – DEFINITIONS

1.01    Award Effective Date means, with respect to each share of Performance Stock, the date on which the
award of the share of Performance Stock to a Key Employee is effective. An award of Performance Stock shall be effective (i) as of the date set by the
Committee when the award is made or, (ii) if the award is made subject to one, or more than one, condition under Section 6.02 of this Plan, as of the
date the Committee in its sole and absolute discretion determines that such condition or conditions have been satisfied.

1.02    Board means the Board of Directors of Brown & Brown, Inc.

1.03    Change in Control means (i) the acquisition of the power to direct, or cause the direction of, the
management and policies of the Company by a person not previously possessing such power, acting alone or in conjunction with others, whether through
ownership of Stock, by contract or otherwise, or (ii) the acquisition, directly or indirectly, of the power to vote twenty percent or more of the
outstanding Stock by a person or persons. For purposes of this Section 1.03, the term “person” means a natural person, corporation,
partnership, joint venture, trust, government or instrumentality of a government. Also for purposes of this Section 1.03, customary agreements with or
among underwriters and selling group members with respect to a bona fide public offering of Stock shall be disregarded.

1.04    Code means the Internal Revenue Code of 1986, as amended.

1.05    Committee means the Compensation Committee of the Board or, if the Compensation Committee at any
time has less than three members, a committee that shall have at least three members, each of whom shall be appointed by and shall serve at the
pleasure of the Board.

1.06    Company means Brown & Brown, Inc., a corporation organized under the laws of the State of
Florida.

1.07    Disability means a physical or mental condition of a Key Employee resulting from bodily injury,
disease or mental disorder that renders him or her incapable of engaging in any occupation or employment for wage or profit. Disability does not
include any physical or mental

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condition resulting from the
Key Employee’s engagement in a felonious act, self-infliction of an injury, or performance of military service. Disability of a Key Employee shall
be determined by a licensed physician selected by the Committee in its sole and absolute discretion.

1.08    Key Employee means a full time, salaried employee of the Company who, in the judgment of the
Committee acting in its sole and absolute discretion, is a key to the successful operation of the Company.

1.09    Performance Stock means Stock awarded to a Key Employee under this Plan.

1.10    Performance Stock Agreement means the written agreement between the Company and a Key Employee to
whom an award of Performance Stock is made under this Plan.

1.11    Plan means this Brown & Brown, Inc. Stock Performance Plan.

1.12    Stock means the common stock, $0.10 par value, of the Company.

1.13    Year of Vesting Service means, with respect to each share of Performance Stock, a twelve consecutive
month period measured from the grant date of the Performance Stock and each successive twelve consecutive month period measured from each anniversary
of such grant date for that share of Performance Stock.

ARTICLE II – ELIGIBILITY

Only Key Employees shall be
eligible to receive awards of Performance Stock under this Plan. The Committee, in its sole and absolute discretion, shall determine the Key Employees
to whom Performance Stock shall be awarded. A member of the Committee is not eligible to receive grants of Performance Stock during the period he or
she serves on the Committee.

ARTICLE III – STOCK AVAILABLE FOR
AWARDS

The Company shall reserve
7,200,000 shares of Stock for use under this Plan. All such shares of Stock shall be reserved to the extent that the Company deems appropriate from
authorized but unissued shares of Stock and from shares of Stock that have been reacquired by the Company. Furthermore, any shares of Performance Stock
that are forfeited under Section 6.03 of this Plan shall again become available for use under this Plan.

ARTICLE IV – EFFECTIVE DATE

This Plan shall be effective on
the date it is adopted by the Board, subject to the approval of the shareholders of the Company within twelve months after the date of adoption of this
Plan by the Board. Any Performance Stock awarded under this Plan before the date of such shareholder approval shall be awarded expressly subject to
such approval.

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ARTICLE V – ADMINISTRATION

This Plan shall be administered
by the Committee. The Committee, acting in its sole and absolute discretion, shall exercise such powers and take such action as expressly called for
under this Plan. Furthermore, the Committee shall have the power to interpret this Plan and to take such other action in the administration and
operation of this Plan as the Committee deems equitable under the circumstances, which action shall be binding on the Company with respect to each
affected Key Employee and each other person directly or indirectly affected by such action. Nothing in this Article V shall affect or impair the
Board’s power to take the actions reserved to it in this Plan.

ARTICLE VI – PERFORMANCE STOCK
AWARDS

6.01    Committee Action. The Committee shall have the right to award shares of Performance Stock to Key
Employees under this Plan. Each award of Performance Stock shall be evidenced by a Performance Stock Agreement, and each Performance Stock Agreement
shall set forth the conditions, under which the award will be effective and the conditions under which the Key Employee’s interest in the
Performance Stock shall become fully vested and nonforfeitable.

6.02    Conditions for Awards. The Committee shall make the award of Performance Stock to Key Employees
effective only upon the satisfaction of one, or more than one, objective performance targets. The Committee shall determine the performance targets
which will be applied with respect to each grant of Performance Stock at the time of award, but in no event later than ninety (90) days after the
commencement of the period of service to which the performance targets relate. The performance criteria applicable to Performance Stock awards will be
one or more of the following criteria:

	(1)    
	 	Stock price;

	(2)    
	 	average annual growth in earnings per share;

	(3)    
	 	increase in shareholder value;

	(4)    
	 	earnings per share;

	(5)    
	 	net income;

	(6)    
	 	return on assets;

	(7)    
	 	return on shareholders’ equity;

	(8)    
	 	increase in cash flow;

	(9)    
	 	operating profit or operating margins;

	(10)    
	 	revenue growth of the Company; and

	(11)    
	 	operating expenses.

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The related Performance Stock Agreement shall set forth
each such target and the deadline for satisfying each such target. The Committee must certify in writing that each such target has been satisfied
before the award of Performance Stock becomes effective. The shares of Stock underlying an award of Performance Stock shall be unavailable under
Article III of this Plan as of the date on which such award is made. If an award of Performance Stock fails to become effective under Section 6.01 of
this Plan, the underlying shares of Stock subject to such award shall be treated under Article III of this Plan as forfeited and shall again become
available under Article III of this Plan as of the date of such failure to become effective. No more than 20,000 shares of Performance Stock may be
granted to a Key Employee in any calendar year.

6.03    Conditions for Nonforfeitability of Performance Stock.

(a)    Subject to the provisions of Article IX of this Plan, and except as otherwise provided in this Section 6.03,
a Key Employee’s interest in the shares of Performance Stock awarded to him or her shall become fully vested and nonforfeitable upon the
satisfaction of any conditions for the grant specified by the Committee pursuant to Section 6.02 and upon the Key Employee’s completion of fifteen
Years of Vesting Service for the Company. Subject to the provisions of Article IX of this Plan, if the Key Employee’s employment with the Company
terminates before his or her completion of fifteen Years of Vesting Service for the Company, the Key Employee’s interest in the awarded shares of
Performance Stock shall be forfeited unless:

(1)    the Key Employee has attained age sixty-four;

(2)    the Key Employee’s employment with the Company terminates as a result of his or her death or
Disability; or

(3)    the Committee, in its sole and absolute discretion, waives the conditions described in this Section
6.03.

(b)    If the Key Employee attains age sixty-four prior to his or her completion of fifteen Years of Vesting
Service for the Company, the Key Employee’s interest in the awarded shares of Performance Stock shall become vested and nonforfeitable at the rate
of one-fifteenth of the awarded shares of Performance Stock for each Year of Vesting Service the Key Employee completes for the Company until the
earlier to occur of (1) the Key Employee’s completion of fifteen Years of Vesting Service for the Company, or (2) the termination of the Key
Employee’s employment with the Company, provided that any conditions for the award of such shares, or portion thereof, specified by the
Committee pursuant to Section 6.02 have been satisfied.

(c)    If a grant of Performance Stock is made to the Key Employee after he or she attains age sixty-four, but
before his or her employment with the Company terminates, the Key Employee’s interest in the granted shares of Performance Stock shall become
vested and nonforfeitable upon satisfaction of any conditions for the award of such shares, or portion thereof, specified by the Committee pursuant to
Section 6.02, at the rate of one-fifteenth of the awarded shares of Performance Stock for each Year of Vesting Service the Key Employee completes for
the Company until the earlier to occur of (1) the Key Employee’s completion of fifteen Years of Vesting Service for the Company, or (2) the
termination of the Key Employee’s employment with the Company.

(d)    The Key Employee’s interest in the shares of Performance Stock granted to the Key Employee and with respect to
which any conditions for the award of such shares specified by the Committee pursuant to Section 6.02 have been satisfied, will become fully vested and
nonforfeitable upon the termination of the Key Employee’s employment with the Company as a result of his or her death or
Disability.

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6.04    Dividends and Voting Rights. If a cash dividend is declared on a share of Performance Stock after
the Award Effective Date, but before the Key Employee’s interest in the Performance Stock is forfeited or becomes fully vested and nonforfeitable,
the Company shall pay the cash dividend directly to the Key Employee. If a Stock dividend is declared on a share of Performance Stock after the Award
Effective Date, but before the Key Employee’s interest in the Performance Stock is forfeited or becomes fully vested and nonforfeitable, the Stock
dividend shall be treated as part of the award of the related Performance Stock, and the Key Employee’s interest in such Stock dividend shall be
forfeited or become nonforfeitable at the same time as the Performance Stock with respect to which the Stock dividend was paid is forfeited or becomes
nonforfeitable. The disposition of each other form of dividend which is declared on a share of Performance Stock shall be made in accordance with such
rules as the Committee shall adopt with respect to each such dividend.

A Key Employee shall be allowed
to exercise voting rights with respect to a share of Performance Stock after the Award Effective Date, but before the Key Employee’s interest in
the Performance Stock is forfeited or becomes fully vested and nonforfeitable.

6.05    Satisfaction of Nonforfeitability Conditions; Provision for Income and Excise Taxes. A share of
Stock shall cease to be Performance Stock at such time as a Key Employee’s interest in such share of Stock becomes fully vested and nonforfeitable
under Section 6.03 or Article IX of this Plan, and the certificate representing such share of Stock shall be transferred to the Key Employee as soon as
practicable thereafter.

ARTICLE VII – SECURITIES
REGISTRATION

Each Performance Stock Agreement
shall provide that, upon the receipt of shares of Stock as a result of the satisfaction of the conditions described in Section 6.03 of this Plan for
nonforfeitability of Performance Stock, the Key Employee shall, if so requested by the Company, hold such shares of Stock for investment and not with a
view of resale or distribution to the public and, if so requested by the Company, shall deliver to the Company a written statement signed by the Key
Employee satisfactory to the Company to that effect. With respect to Stock issued pursuant to this Plan, the Company at its expense shall take such
action as it deems necessary or appropriate to register the original issuance of such Stock to a Key Employee under the Securities Act of 1933 or under
any other applicable securities laws or to qualify such Stock for an exemption under any such laws prior to the issuance of such Stock to a Key
Employee. Notwithstanding the foregoing, the Company shall have no obligation whatsoever to take any such action in connection with the transfer,
resale or other disposition of such Stock by a Key Employee.

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ARTICLE VIII – ADJUSTMENT

The Board, in its sole and
absolute discretion, may, but shall not be required to, adjust the number of shares of Stock reserved under Article III of this Plan, the annual grant
limit set forth in Section 6.02 of this Plan (to the extent permitted by the rules relating to the qualified performance-based compensation exemption
from the limit on tax deductibility of compensation under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”)), and
shares of Performance Stock theretofore granted in an equitable manner to reflect any change in the capitalization of the Company, including, but not
limited to, such changes as Stock dividends or Stock splits. If any adjustment under this Article VIII would create a fractional share of Stock, such
fractional share shall be disregarded and the number of shares of Stock reserved or granted under this Plan shall be the next lower number of shares of
Stock, rounding all fractions downward. An adjustment made under this Article VIII by the Board shall be conclusive and binding on all affected persons
and, further, shall not constitute an increase in the number of shares reserved under Article III within the meaning of Article X(a) of this
Plan.

ARTICLE IX – SALE OR MERGER OF COMPANY; CHANGE IN
CONTROL

9.01    Sale or Merger. If the Company agrees to sell all or substantially all of its assets for cash or
property or for a combination of cash and property or agrees to any merger, consolidation, reorganization, division or other corporate transaction in
which Stock is converted into another security or into the right to receive securities or property and such agreement does not provide for the
assumption or substitution of Performance Stock granted under this Plan, all shares of Performance Stock shall become fully vested and
nonforfeitable.

9.02    Change in Control. In the event of a Change in Control, the Board thereafter shall have the right to
take such action with respect to any shares of Performance Stock that are forfeitable, or all such shares of Performance Stock, as the Board in its
sole and absolute discretion deems appropriate under the circumstances to protect the interests of the Company in maintaining the integrity of the
awards under this Plan. Furthermore, the Board shall have the right to take different action under this Section 9.02 with respect to different Key
Employees or different groups of Key Employees, as the Board in its sole and absolute discretion deems appropriate under the
circumstances.

Notwithstanding the foregoing
provisions of this Article IX, all shares of Performance Stock shall become fully vested and nonforfeitable in the event of (i) any tender or exchange
offer for Stock accepted by a majority of the shareholders of the Company; or (ii) the death of J. Hyatt Brown and the subsequent sale by his estate,
his wife, his parents, his lineal descendants, any trust created for his benefit during his lifetime, or any combination of the foregoing, of the Stock
owned by J. Hyatt Brown prior to his death. If any shares of Performance Stock become fully vested and nonforfeitable because of the occurrence of the
events described in (i) or (ii) of this paragraph, the Company shall pay to the holders of such shares, within 60 days of the occurrence of such event,
the full amount of any federal and state income tax liability incurred by such holder as a result of such vesting, including, without limitation, any
excise tax with respect to such vesting (e.g., I.R.C. § 4999 and any successor provision). The Company will also pay to such holders the amount of
any tax liability with respect to the “gross-up” payment described in the preceding sentence.

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ARTICLE X – AMENDMENT OR
TERMINATION

This Plan may be amended by the
Board from time to time to the extent that the Board in its sole and absolute discretion deems necessary or appropriate. Notwithstanding the foregoing,
no amendment of this Plan shall be made absent the approval of the shareholders of the Company if the effect of the amendment is:

(a)    to increase the number of shares of Stock reserved under Article III of this Plan;

(b)    to change the class of employees of the Company eligible for awards of Performance Stock or to otherwise
materially modify the requirements as to eligibility for participation in this Plan; or

(c)    to modify the material terms of this Plan that must be approved by shareholders of the Company under the
rules relating to the qualified performance-based compensation exemption from the limit on tax deductibility of compensation under Section 162(m) of
the Code.

The Board in its sole and absolute discretion may suspend
the awarding of Performance Stock under this Plan at any time and may terminate this Plan at any time. Notwithstanding the foregoing, the Board shall
not have the right to modify, amend or cancel any share of Performance Stock granted before such suspension or termination unless the Key Employee to
whom the Performance Stock is awarded consents in writing to such modification, amendment or cancellation, or there is a dissolution or liquidation of
the Company or a transaction described in Article VIII or IX of this Plan.

ARTICLE XI – TERM OF PLAN

No Performance Stock shall be
awarded under this Plan on or after the earlier of:

(a)    the twentieth anniversary of the effective date of this Plan, as determined under Article IV of this Plan,
in which event this Plan otherwise thereafter shall continue in effect until all Performance Stock awarded under this Plan has been forfeited or the
conditions described in Section 6.03 of this Plan for nonforfeitability of all Performance Stock awarded under this Plan have been completely
satisfied; or

(b)    the date on which all of the Stock reserved under Article III of this Plan has, as a result of the
satisfaction of the conditions described in Section 6.03 of this Plan for nonforfeitability of Performance Stock awarded under this Plan, been issued
or no longer is available for use under this Plan, in which event this Plan also shall terminate on such date.

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ARTICLE XII – MISCELLANEOUS

12.01    Shareholder Rights. Subject to Section 6.04 of this Plan, a Key Employee’s rights as a
shareholder in the shares of Performance Stock awarded to him or her shall be set forth in the related Performance Stock Agreement.

12.02    No Contract of Employment. The award of Performance Stock to a Key Employee under this Plan shall
not constitute a contract of employment and shall not confer on a Key Employee any rights upon his or her termination of employment with the Company in
addition to those rights, if any, expressly set forth in the Performance Stock Agreement related to his or her Performance Stock.

12.03    Withholding. The acceptance of an award of Performance Stock shall constitute a Key Employee’s
full and complete consent to whatever action the Committee deems necessary to satisfy the federal and state tax withholding requirements, if any, that
the Committee in its sole and absolute discretion deems applicable to such Performance Stock. The Committee also shall have the right to provide in a
Performance Stock Agreement that a Key Employee may elect to satisfy federal and state tax withholding requirements through a reduction in the number
of shares of Stock actually transferred to him or her under this Plan.

12.04    Governing Law. The provisions of this Plan shall be governed by and interpreted in accordance with
the laws of the State of Florida.

Approved by the Board of Directors: October 31, 1995

Approved by Shareholders: April 30, 1996

As amended, effective February 27, 1998; April 29, 1998;
August 23, 2000; January 24, 2001; November 21, 2001; April 24, 2003; March 17, 2005 (by Board; approved by Shareholders April 21, 2005); January 23,
2008.

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