Document:

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                                                                   EXHIBIT 10.10

                      CHANGE IN CONTROL SEVERANCE AGREEMENT

      THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (this "Agreement") is made by
and between Assurant, Inc. (the "Company") and Bruce Camacho (the "Executive"),
an officer of the Assurant Solutions Division (as defined in Section 1(d)
below), and is effective as of the 1st day of January, 2005.

      The Executive's Multiplier (as defined in Section 1(f) below) is 3.

      The Board of Directors of the Company (the "Board"), has determined that
it is in the best interests of the Company and its shareholders to assure that
the Company will have the continued dedication of Executive, notwithstanding the
possibility, threat or occurrence of a Change in Control (as defined below) of
the Company. The Board believes it is imperative to diminish the inevitable
distraction of Executive by virtue of the personal uncertainties and risks
created by a pending or threatened Change in Control and to encourage
Executive's full attention and dedication to the Company currently and in the
event of any threatened or pending Change in Control, and to provide Executive
with compensation and benefits arrangements upon a Change in Control which
ensure that the compensation and benefits expectations of Executive will be
satisfied and which are competitive with those of other corporations. Therefore,
in order to accomplish these objectives, the Board has caused the Company to
enter into this Agreement.

      IN CONSIDERATION OF THE MUTUAL PROMISES SET FORTH HEREIN, THE PARTIES
AGREE AS FOLLOWS:

1.    Certain Definitions. Each of the following terms, when used in this
      Agreement, has the meaning set forth below:

      (a)   "Agreement Term" means the period of time beginning on the date of
            this Agreement and ending on December 31, 2005, unless this
            Agreement has been previously terminated as provided in Section
            10(f). The Company may in its complete and sole discretion, at any
            time and from time to time, extend the Agreement Term by giving a
            written notice to the Executive; provided, however, that if an
            agreement has been executed by the Company or any of its affiliates
            that contemplates a transaction that will be a Change in Control
            when consummated, the Agreement Term will be automatically extended
            until the earlier of the date of such consummation or the
            termination of such agreement prior to any such consummation.

      (b)   "Change in Control" means any one of the following events:

            (i)   individuals who, on the date of this Agreement, constitute the
                  Board of Directors of the Company (the "Incumbent Directors")
                  cease for any reason to constitute at least a majority of such
                  Board, provided that any individual becoming a director after
                  the date of

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                  this Agreement and whose election or nomination for election
                  was approved by a vote of at least a majority of the Incumbent
                  Directors then on the Board shall be an Incumbent Director;
                  provided, however, that no individual initially elected or
                  nominated as a director of the Company as a result of an
                  actual or threatened election contest with respect to the
                  election or removal of directors ("Election Contest") or other
                  actual or threatened solicitation of proxies or consents by or
                  on behalf of any Person other than the Board ("Proxy
                  Contest"), including by reason of any agreement intended to
                  avoid or settle any Election Contest or Proxy Contest, shall
                  be deemed an Incumbent Director; or

            (ii)  any Person becomes, after the date of this Agreement, a
                  "beneficial owner" (as defined in Rule 13d-3 under the 1934
                  Act) of either (A) 30% or more of the then outstanding shares
                  of common stock of the Company ("Company Common Stock") or (B)
                  securities of the Company representing 30% or more of the
                  combined voting power of the Company's then outstanding
                  securities entitled to vote for the election of directors (the
                  "Company Voting Securities"); provided, however, that for
                  purposes of this subsection 1(b)(ii), the following
                  acquisitions of Company Common Stock or Company Voting
                  Securities shall not constitute a Change in Control: (1) an
                  acquisition directly from the Company; (2) an acquisition by
                  the Company or a Subsidiary of the Company; (3) an acquisition
                  by a Person who is on the date of this Agreement the
                  beneficial owner, directly or indirectly, of 50% or more of
                  the Company Common Stock or the Company Voting Securities; (4)
                  an acquisition by any employee benefit plan (or related trust)
                  sponsored or maintained by the Company or any Subsidiary of
                  the Company; or (5) an acquisition pursuant to a
                  Non-Qualifying Transaction (as defined in subsection 1(b)(iii)
                  below); or

            (iii) the consummation of a reorganization, merger, consolidation,
                  statutory share exchange or similar form of corporate
                  transaction involving the Company or a Subsidiary (a
                  "Reorganization"), or the sale or other disposition, directly
                  or indirectly, of all or substantially all of the Company's
                  assets (a "Sale") or the acquisition of assets or stock of
                  another corporation (an "Acquisition"), unless immediately
                  following such Reorganization, Sale or Acquisition: (1) all or
                  substantially all of the individuals and entities who were the
                  beneficial owners, respectively, of the outstanding Company
                  Common Stock and outstanding Company Voting Securities
                  immediately prior to such Reorganization, Sale or Acquisition
                  beneficially own, directly or indirectly, more than 60% of,
                  respectively, the then outstanding shares of common stock and
                  the combined voting power of the

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                  then outstanding voting securities entitled to vote generally
                  in the election of directors, as the case may be, of the
                  corporation resulting from such Reorganization, Sale or
                  Acquisition (including, without limitation, a corporation that
                  as a result of such transaction owns the Company or all or
                  substantially all of the Company's assets or stock either
                  directly or through one or more subsidiaries, the "Surviving
                  Corporation") in substantially the same proportions as their
                  ownership immediately prior to such Reorganization, Sale or
                  Acquisition of the outstanding Company Common Stock and the
                  outstanding Company Voting Securities, as the case may be; and
                  (2) no Person (other than (A) the Company or any Subsidiary of
                  the Company, (B) the Surviving Corporation or its ultimate
                  parent corporation, or (C) any employee benefit plan (or
                  related trust) sponsored or maintained by any of the
                  foregoing) is the beneficial owner, directly or indirectly, of
                  30% or more of the total common stock or 30% or more of the
                  total voting power of the outstanding voting securities
                  eligible to elect directors of the Surviving Corporation, and
                  (3) at least a majority of the members of the board of
                  directors of the Surviving Corporation were Incumbent
                  Directors at the time of the Board's approval of the execution
                  of the initial agreement providing for such Reorganization,
                  Sale or Acquisition (any Reorganization, Sale or Acquisition
                  that satisfies all of the criteria specified in (1), (2) and
                  (3) above shall be deemed to be a "Non-Qualifying
                  Transaction"); or

            (iv)  approval by the stockholders of the Company of a complete
                  liquidation or dissolution of the Company; or

            (v)   Fortis acquires any additional Company Common Stock or Company
                  Voting Securities without approval of the Assurant, Inc. board
                  of directors; or

            (vi)  Any event that results in the Division no longer being
                  controlled, directly or indirectly, by Assurant, Inc.;
                  provided, however, that (1) a sale of the Division's
                  investment assets in the ordinary course of business,
                  including, without limitation, any sale of assets in
                  connection with financial reinsurance shall not be a Change in
                  Control; (2) the liquidation, termination of operations or
                  other winding down of the Division shall not be a Change in
                  Control; and (3) the final and binding determination of
                  whether a Change in Control of the Division has occurred for
                  purposes of this Agreement shall be made by the Board of
                  Directors of the Company acting in good faith.

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            For purposes of determining whether a Change in Control has occurred
            pursuant to Section 1(b)(iii), the assets of the Company shall not
            include any assets that the Company is required to maintain on its
            consolidated GAAP balance sheet that are the subject of reinsurance
            ceded to third parties and result in an approximate offsetting
            liability on such balance sheet.

      (c)   "Disability" has the same meaning as provided in the long-term
            disability plan or policy maintained by the Company or if
            applicable, most recently maintained, by the Company or if
            applicable, an affiliate of the Company, for the Executive, whether
            or not the Executive actually receives disability benefits under
            such plan or policy. If no long-term disability plan or policy was
            ever maintained on behalf of the Executive, Disability means
            Permanent and Total Disability as defined in Section 22(e)(3) of the
            Code. In the event of a dispute, the determination whether the
            Executive is Disabled will be made by the Board and may be supported
            by the advice of a physician competent in the area to which such
            Disability relates.

      (d)   "Fortis" means Fortis SA/NV, a public company established as a
            societe anonyme/naamloze vennootschap under the laws of Belgium, and
            Fortis N.V., a public company established as a naamloze vennootschap
            under the laws of The Netherlands, and their affiliates other than
            the Company and its Subsidiaries.

      (e)   "GAAP" means U.S. generally accepted accounting principles
            consistently applied.

      (f)   "Multiplier" means the number set forth in the second paragraph of
            this Agreement; provided however, that if the Executive has, prior
            to the CIC Date, publicly announced his or her Retirement or
            voluntary termination of employment, the Multiplier will be a
            fraction with the numerator equal to the remaining whole or partial
            months between the Date of Termination of employment and the
            effective date of such announced Retirement or voluntary termination
            of employment, and with the denominator equal to 12, but in no event
            shall such fraction be equal to a number greater than the number set
            forth in the second paragraph of this Agreement.

      (g)   "Person" means any individual, entity or group (within the meaning
            of Section 13(d)(3) or 14(d)(2) of the Exchange Act).

      (h)   "Retirement" means retirement as defined in the Company's
            then-current tax qualified defined benefit pension plan, or if there
            is no such retirement plan, Retirement means voluntary termination
            of employment after age 55 with ten or more years of service, or
            after age 65 with five or more years of service.

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      (i)   "Subsidiary" means any corporation, limited liability company,
            partnership or other entity of which a majority of the outstanding
            voting stock or voting power is beneficially owned directly or
            indirectly by the Company.

      (j)   "1934 Act" means the Securities Exchange Act of 1934, as amended
            from time to time.

      (k)   Each of the following terms is defined in the Section indicated:

<TABLE>
<CAPTION>
       Term                                                           Section
       ----                                                           -------
<S>                                                                <C>
Accounting Firm                                                    8(b)
Accrued Obligations                                                4(a)(i)(A)(3)
Base Salary                                                        4(a)(i)(A)(1)
Board                                                              3rd Paragraph
Cause                                                              3(b)
CIC Date                                                           2
Code                                                               3(d)
Company Common Stock                                               1(b)(ii)
Company Voting Securities                                          1(b)(ii)
Date of Termination                                                3(e)
Deferred Compensation                                              4(g)
Disability Effective Date                                          3(a)
Election Contest                                                   1(b)(i)
Employer Affiliate                                                 10(i)
Excise Tax                                                         8(a)
Good Reason                                                        3(c)
Gross-Up Payment                                                   8(a)
Incumbent Directors                                                1(b)(i)
Non-Qualifying Transaction                                         1(b)(iii)
Notice of Termination                                              3(d)
Other Benefits                                                     4(a)(iii)
Payment                                                            8(a)
Post-CIC Period                                                    2
Proxy Contest                                                      1(b)(i)
Rabbi Trust                                                        4(h)
Release                                                            10(h)
Severance                                                          4(a)(i)(B)
Surviving Corporation                                              1(b)(iii)
Target Bonus                                                       4(a)(i)(A)(2)
Underpayment                                                       8(b)
Welfare Benefits                                                   4(a)(ii)
</TABLE>

2.    Post-CIC Period. If the Executive is employed by the Company immediately
      prior to the first date during the Agreement Term on which a Change in
      Control

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      occurs (the "CIC Date"), then the Executive's employment during the
      two-year period beginning on the CIC Date and ending on the second
      anniversary of such date (the "Post-CIC Period") shall be subject to all
      the terms and conditions of this Agreement, including, without limitation,
      the termination events described in Section 3 below.

3.    Termination of Employment During Post-CIC Period.

      (a)   Death, Retirement or Disability. During the Post-CIC Period, the
            Executive's employment shall terminate automatically upon the
            Executive's death or Retirement. If the Company determines in good
            faith that the Disability of the Executive has occurred during the
            Post-CIC Period, the Company may, in its discretion, give the
            Executive a written notice in accordance with Section 10(b) of this
            Agreement of the Company's intention to terminate the Executive's
            employment. In such event, the Executive's employment with the
            Company shall terminate effective on the 30th day after receipt of
            such notice by the Executive (the "Disability Effective Date").

      (b)   Cause. The Company may terminate the Executive's employment during
            the Post-CIC Period with or without Cause. For purposes of this
            Agreement, "Cause" means either of the following circumstances:

            (i)   Failure to Perform. The willful and continued failure of the
                  Executive to perform substantially the Executive's reasonably
                  assigned duties with the Company (other than any such failure
                  resulting from incapacity due to physical or mental illness or
                  from the assignment to the Executive of duties that would
                  constitute Good Reason under Section 3(c)), which failure
                  continues for a period of at least 30 days after a written
                  demand for substantial performance is delivered to the
                  Executive by the Board or the Chief Executive Officer of the
                  Company. Such written demand must specifically identify the
                  manner in which the Board or Chief Executive Officer believes
                  that the Executive has not substantially performed the
                  Executive's duties; provided, however, that no failure to
                  perform by the Executive after a Notice of Termination is
                  given to the Company by the Executive shall constitute Cause
                  for purposes of this Agreement.

            (ii)  Engaging in Illegal Conduct or Gross Misconduct. The willful
                  engaging by the Executive in illegal conduct or gross
                  misconduct that is materially and demonstrably injurious to
                  the Company.

            For purposes of this Section 3(b), 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

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            Executive's action or omission was in the best interests of the
            Company. Any act, or failure to act, based upon authority given
            pursuant to a resolution duly adopted by the Board or upon the
            instructions of a senior officer of the Company or based upon the
            advice of counsel for the Company shall be conclusively presumed to
            be done, or omitted to be done, by the Executive in good faith and
            in the best interests of the Company. The cessation of employment of
            the Executive shall not be deemed to be for Cause unless and until
            there shall have been delivered to the Executive a copy of a
            resolution duly adopted by the affirmative vote of not less than a
            majority of the entire membership of the Board at a meeting of the
            Board called and held for such purpose (after reasonable notice is
            provided to the Executive and the Executive is given an opportunity,
            together with counsel, to be heard before the Board), finding that,
            in the good faith opinion of the Board, the Executive is guilty of
            the conduct described in subparagraph (i) or (ii) above, and
            specifying the particulars thereof in detail.

      (c)   Good Reason.

            (i)   The Executive's employment may be terminated by the Executive
                  during the Post-CIC Period for Good Reason or for no reason.
                  For purposes of this Agreement, "Good Reason" means any of the
                  following circumstances:

                  (1)   Diminution of Position. The assignment to the Executive
                        of any duties materially inconsistent with the
                        Executive's position immediately prior to the CIC Date
                        (including status, offices, titles and reporting
                        requirements), authority, duties or responsibilities, or
                        any other action by the Company which results in a
                        material diminution in such position, authority, duties
                        or responsibilities, excluding for this purpose an
                        isolated, insubstantial and inadvertent action not taken
                        in bad faith and which is remedied by the Company
                        promptly after receipt of notice thereof given by the
                        Executive.

                  (2)   Reduction of Compensation. Any material reduction in the
                        aggregate value of the Executive's annual base salary,
                        short-term cash bonus target amount, long-term incentive
                        plan target amount, and Company-provided welfare
                        benefits, all as in effect immediately prior to the CIC
                        Date, , or any failure by the Company to pay any such
                        amount to the Executive as earned by the Executive. An
                        inadvertent failure by the Company to make any payment
                        of compensation to the Executive that does not occur in
                        bad faith and that is remedied by the Company promptly
                        after

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                        the Company receives notice thereof from the Executive,
                        is excluded from the definition of "Good Reason."

                  (3)   Employment Location. The Company or an affiliate thereof
                        requiring the Executive to be based at any location that
                        is more than fifty (50) miles from the location at which
                        the Executive is based immediately prior to the CIC
                        Date.

                  (4)   Other Termination. Any purported termination by the
                        Company of the Executive's employment other than as
                        expressly permitted by this Agreement.

                  (5)   Breach by the Company. Any material breach by the
                        Company of any provision of this Agreement, including,
                        without limitation, Section 9(c).

                  Good Reason shall not include Executive's death or Disability.
                  Executive's continued employment shall not constitute consent
                  to, or a waiver of rights with respect to, any circumstance
                  constituting Good Reason hereunder. For purposes of this
                  Section 3(c), any good faith determination of "Good Reason"
                  made by Executive shall be conclusive.

            (ii)  Notwithstanding the foregoing, "Good Reason" shall not exist
                  until after (1) the Executive has given the Company written
                  notice of the applicable event not later than 30 days after
                  the occurrence of such event, specifying in reasonable detail
                  the circumstances of the event and stating the Executive's
                  intent to terminate his or her employment if not remedied, and
                  (2) the Company has not remedied such event within 30 days
                  after receipt of such notice; provided, however, that if the
                  specified event reasonably cannot be remedied within such
                  30-day period, the Company commences reasonable steps within
                  such 30-day period to remedy such event and diligently
                  continues such steps thereafter until a remedy is effected,
                  and the remedy is effected within 60 days after the Company's
                  receipt of the Executive's notice, then such event shall not
                  constitute "Good Reason."

            (iii) Notwithstanding the foregoing, "Good Reason" shall not exist
                  if the Executive is offered employment with the Company or an
                  affiliate thereof, or if the Executive is offered employment
                  with the Surviving Corporation, and in either case such offer
                  of employment includes a position, compensation and employment
                  location that are consistent with the requirements of
                  subsections 3(c)(i)(1), (2) and (3).

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      (d)   Notice of Termination. Any termination by the Company or by the
            Executive must be communicated by Notice of Termination to the other
            party, and must be given in accordance with Section 10(b) of this
            Agreement. For purposes of this Agreement, a "Notice of Termination"
            means a written notice that:

            (i)   indicates the specific termination provision in this Agreement
                  relied upon, and

            (ii)  to the extent applicable, sets forth in reasonable detail the
                  facts and circumstances claimed to provide a basis for
                  termination of the Executive's employment under the provision
                  so indicated, and

            (iii) if the Date of Termination is other than the date of receipt
                  of such notice, specifies the termination date (which date
                  shall be not more than 30 days after the giving of such
                  notice, except as provided in Section 3(c)(ii) above).

            If a dispute exists concerning the provisions of this Agreement that
            apply to the Executive's termination of employment, the parties
            shall pursue the resolution of such dispute with reasonable
            diligence. Within five days of such a resolution, any party owing
            any payments pursuant to the provisions of this Agreement shall make
            all such payments together with interest accrued thereon at the rate
            provided in Section 1274(b)(2)(B) of the Internal Revenue Code of
            1986, as amended (the "Code"). If the Executive or the Company fails
            to set forth in a Notice of Termination any additional fact or
            circumstance that contributes to a showing of Good Reason or Cause,
            but otherwise delivers a Notice of Termination in accordance with
            this Agreement, such party will not be precluded from asserting the
            additional fact or circumstance in enforcing such party's rights
            hereunder.

      (e)   Date of Termination. "Date of Termination" means whichever of the
            following is applicable:

            (i)   If the Company terminates the Executive's employment for
                  Cause, the Date of Termination shall be the date of receipt of
                  the Notice of Termination or any later date specified in such
                  Notice.

            (ii)  If the Company terminates the Executive's employment other
                  than for Cause or Disability, the Date of Termination shall be
                  the date on which the Company notifies the Executive of such
                  termination or any later date specified in such notice.

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            (iii) If the Executive's employment is terminated by reason of death
                  or Disability, the Date of Termination shall be the date of
                  death of the Executive or the Disability Effective Date.

            (iv)  If the Executive terminates his or her employment for Good
                  Reason, the Date of Termination shall be in accordance with
                  Section 3(c)(ii) of this Agreement.

4.    Obligations of the Company upon Termination.

      (a)   Good Reason; Other Than for Cause or Disability. If, during the
            Post-CIC Period, the Company terminates the Executive's employment
            other than for Cause or Disability, or the Executive terminates his
            or her employment for Good Reason, then in consideration of
            Executive's services rendered prior to such termination all of the
            following shall take place:

            (i)   Cash Payments.

                  A.    Current Compensation. The Company shall pay to the
                        Executive in a lump sum in cash within 30 days after the
                        Date of Termination the sum of:

                        (1)   the Executive's annual base salary as in effect
                              immediately prior to the CIC Date ("Base Salary")
                              through the Date of Termination to the extent not
                              theretofore paid,

                        (2)   the product of (x) the Executive's target annual
                              bonus under the Company's short-term incentive
                              bonus plan for the year in which the Date of
                              Termination occurs (the "Target Bonus") and (y) a
                              fraction, the numerator of which is the number of
                              days in the current fiscal year of the Division
                              through the Date of Termination, and the
                              denominator of which is 365, and

                        (3)   any accrued vacation pay to the extent not
                              theretofore paid (the sum of the amounts described
                              in clauses (1) and (2) immediately above and this
                              clause (3) shall be hereinafter referred to as the
                              "Accrued Obligations").

                  B.    Severance. The Company shall pay to the Executive an
                        amount of cash severance (the "Severance") in a lump sum
                        within 30 days after the Date of Termination equal to
                        the product of the Multiplier times the sum of (1) the

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                        Executive's Base Salary and (2) the Executive's Target
                        Bonus.

                  (ii)  Welfare Benefits. For 18 months after the Date of
                        Termination, the Company shall continue to provide the
                        same medical, dental, life and/or disability insurance
                        coverages to the Executive and/or the Executive's
                        dependents that the Company or the Surviving
                        Corporation, as the case may be, provides generally
                        during such 18-month period to its employees who hold
                        positions similar to the position held by the Executive
                        immediately prior to the Date of Termination (the
                        "Welfare Benefits"). For those Welfare Benefits to which
                        COBRA applies, the Company will only be obligated to
                        provide such Welfare Benefits through the Executive's
                        making the elections permitted under COBRA. In order to
                        receive the Welfare Benefits, the Executive shall pay
                        the same amount therefor that he or she paid for such
                        Welfare Benefits immediately prior to the Termination
                        Date, and the Executive must make these elections and
                        pay all required premiums on a timely basis. If the
                        Executive becomes employed with another employer,
                        including, without limitation, the Surviving
                        Corporation, and

                        (A)   the Executive is eligible to receive medical or
                              dental insurance coverages under another employer
                              provided plan, then the medical and dental
                              insurance coverages provided by the Company
                              pursuant to this subsection 4(a)(i) shall be
                              secondary to the medical and dental insurance
                              coverages, respectively, provided under such other
                              plan to the Executive and/or the Executive's
                              dependents during such applicable period of
                              eligibility; and/or

                        (B)   the Executive is eligible to receive life or
                              disability insurance coverages under another
                              employer provided plan, then the Company shall
                              have no further obligation to provide the
                              Executive and/or the Executive's dependents with
                              life or disability insurance coverage.

                  The Company shall not be required to compensate the Executive
                  for any taxes that the Executive may incur as a result of the
                  provision of Welfare Benefits hereunder. If the Executive has
                  prior to the CIC Date publicly announced his or her Retirement
                  or

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                  voluntary termination of employment, the Executive will
                  receive the Welfare Benefits under this subsection 4(a)(ii)
                  only to the effective date of such announced Retirement or
                  voluntary termination of employment.

            (iii) Other Benefits Due at Date of Termination. To the extent not
                  then already paid or provided, the Company shall timely pay or
                  provide to the Executive any other amounts or benefits
                  required to be paid or provided through the Date of
                  Termination, or which the Executive is eligible to receive
                  through and after the Date of Termination, under any plan,
                  program, policy or practice of, or contract or agreement with,
                  the Company and its affiliated companies, including such plans
                  that have change in control provisions in the plans (such
                  other amounts and benefits shall be hereinafter referred to as
                  the "Other Benefits"); provided, however, that in no event
                  shall the Executive be entitled to any benefits under any
                  severance plan made available to other employees of the
                  Company or its affiliates, it being the intent of the parties
                  that the benefits to the Executive under this Agreement will
                  be in lieu of any such other severance plan.

      (b)   Death. If the Executive's employment is terminated by reason of the
            Executive's death during the Post-CIC Period, this Agreement shall
            terminate without further obligations to the Executive's legal
            representatives, other than for payment of Accrued Obligations and
            Deferred Compensation, and the timely payment or provision of Other
            Benefits. The Company shall pay all Accrued Obligations to the
            Executive's estate or beneficiary, as applicable, in a lump sum in
            cash within 30 days of the Date of Termination, and shall pay all
            Deferred Compensation to the Executive's estate or beneficiary, as
            applicable, in accordance with the terms of the plan under which
            such compensation was deferred.

      (c)   Retirement. If the Executive's employment is terminated by reason of
            the Executive's Retirement during the Post-CIC Period, this
            Agreement shall terminate without further obligations to the
            Executive, other than for payment of Accrued Obligations and
            Deferred Compensation, and the timely payment or provision of Other
            Benefits. The Company shall pay all Accrued Obligations to the
            Executive in a lump sum in cash within 30 days of the Date of
            Termination, and shall pay all Deferred Compensation to the
            Executive in accordance with the terms of the plan under which such
            compensation was deferred.

      (d)   Disability. If the Executive's employment is terminated by reason of
            the Executive's Disability during the Post-CIC Period, this
            Agreement shall terminate without further obligations to the
            Executive, other than for

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            payment of Accrued Obligations and Deferred Compensation, and the
            timely payment or provision of Other Benefits. The Company shall pay
            all Accrued Obligations to the Executive in a lump sum in cash
            within 30 days of the Date of Termination, and shall pay all
            Deferred Compensation to the Executive in accordance with the terms
            of the plan under which such compensation was deferred.

      (e)   Cause; Other than for Good Reason. If the Company terminates the
            Executive's employment for Cause during the Post-CIC Period, this
            Agreement shall terminate without further obligations to the
            Executive other than the obligation to pay to the Executive (x) his
            or her Base Salary through the Date of Termination, (y) any Deferred
            Compensation, and (z) Other Benefits, in each case to the extent not
            then already paid. If the Executive voluntarily terminates
            employment during the Post-CIC Period (excluding a termination for
            Good Reason), this Agreement shall terminate without further
            obligations to the Executive, other than for Accrued Obligations,
            Deferred Compensation and the timely payment or provision of Other
            Benefits. In either case described in this Section 4(e), the Company
            shall pay all Accrued Obligations to the Executive in a lump sum in
            cash within 30 days of the Date of Termination, and shall pay all
            Deferred Compensation to the Executive in accordance with the terms
            of the plan under which such compensation was deferred.

      (f)   Outplacement Services. For a period not to exceed the number of
            months equal to one-half of the Multiplier, the Executive shall have
            the right to make full use of the Company's outplacement services to
            its officers upon termination of the Executive's employment, except
            in the event that the Executive's employment is terminated for
            Cause.

      (g)   Deferred Compensation. Any compensation previously deferred by the
            Executive ("Deferred Compensation") shall be paid to the Executive
            in accordance with the terms of the plan under which it was
            deferred.

      (h)   Funding of Certain Obligations. Not later than the CIC Date relating
            to all Changes in Control other than one pursuant to Section
            1(b)(vi), regardless of whether the Executive's employment has then
            terminated or any termination of such employment has then been
            announced, the Company shall take all actions necessary or
            appropriate to establish and fund a "rabbi" trust (i.e., a trust
            based on the model trust contained in Revenue Procedure 92-64, and
            with a trustee selected by the Company, but that is independent of
            the Company) (hereafter the "Rabbi Trust") for the purpose of
            ensuring that the Executive will receive the Severance in accordance
            with the terms of this Agreement. The Rabbi Trust shall expressly
            provide that after the CIC Date occurs, the Rabbi Trust may be
            amended or revoked only with the prior written consent of the
            Executive. Without limiting the generality of the foregoing, on or
            before the CIC

                                     - 13 -
<PAGE>

            Date, the Company will deposit in the Rabbi Trust an amount of cash
            equal to the amount of the Severance to which the Executive would be
            entitled if his or her employment terminated on the CIC Date;
            provided, however, that if such amount deposited in the Rabbi Trust
            together with any interest or earnings thereon is determined later
            to be less than or more than the amount of the Severance, if any,
            that actually becomes due to the Executive hereunder, the Executive
            shall be entitled to the amount required by this Agreement and not
            the amount that is held in such trust. In the event that the
            Executive does not become entitled to the Severance, as determined
            by the trustee of the Rabbi Trust, the amount remaining in the Rabbi
            Trust shall be returned to the Company after the expiration of the
            Post-CIC Period. The Rabbi Trust shall be used solely for the
            purpose of holding deposits of funds for the potential Severance
            obligations to the Executive hereunder, and other similar
            obligations to similarly situated employees of the Company.

5.    Termination in Anticipation of a Change in Control. If (1) a Change in
      Control occurs during the Agreement Term, AND (2) within one year prior to
      the CIC Date the Executive's employment with the Company has been
      terminated either by the Company without Cause or by the Executive for
      Good Reason, then if the Executive can reasonably demonstrate that such
      termination of employment (i) was at the request of or with the express
      prior consent of a third party who has taken steps reasonably calculated
      to effect such Change in Control or (ii) otherwise arose in anticipation
      of such Change in Control, then all of the following shall take place:

      (a)   Section 2 of this Agreement shall not apply to the Executive;
            Section 4 of this Agreement shall apply to the Executive as
            described in subsection (b) below; and all other provisions of this
            Agreement shall apply to the Executive in accordance with their
            terms.

      (b)   The Company shall pay to the Executive the aggregate of all amounts
            described in Sections 4(a)(i) and 4(a)(iii) in a lump sum in cash
            within 30 days after the CIC Date, using as the Executive's Base
            Salary and Target Bonus his or her annual base salary and target
            short-term incentive bonus, respectively, as in effect immediately
            prior to the Date of Termination. The Company shall pay any Deferred
            Compensation to the Executive in accordance with the terms of the
            plan under which such compensation was deferred.

      (c)   The Company shall provide to the Executive the Welfare Benefits as
            and for the time period described in Section 4(a)(ii), except that
            the Company shall reimburse the Executive for the cost of obtaining
            such Welfare Benefits between the Date of Termination and the CIC
            Date by paying to the Executive a lump sum in cash equal to the
            amount that the Executive paid to obtain such Welfare Benefits for
            such period less the amount that

                                     - 14 -
<PAGE>

            the Executive was paying to obtain such Welfare Benefits immediately
            prior to the Date of Termination. If the Executive has, prior to the
            CIC Date, publicly announced his or her Retirement or voluntary
            termination of employment, the Executive will receive the Welfare
            Benefits under this subsection 5(c) only to the effective date of
            such announced Retirement or voluntary termination of employment.

6.    Non-exclusivity of Rights. Nothing in this Agreement shall prevent or
      limit the Executive's continuing or future participation in any plan,
      program, policy or practice provided by the Company or any of its
      affiliated companies and for which the Executive may qualify, nor, except
      as explicitly provided herein, shall anything in this Agreement limit or
      otherwise affect such rights as the Executive may have under any contract
      or agreement with the Company or any of its affiliated companies. Amounts
      that are vested benefits or that the Executive is otherwise entitled to
      receive under any plan, policy, practice or program of or any contract or
      agreement with the Company or any of its affiliated companies at or
      subsequent to the Date of Termination shall be payable in accordance with
      such plan, policy, practice or program or contract or agreement except as
      explicitly modified by this Agreement.

7.    No Company Set-Off; Legal Fees; Interest. Except as provided in Section
      10(h), and except in the event that the Executive's employment is
      terminated for Cause, the Company's obligation to make the payments
      provided for in this Agreement and otherwise to perform its obligations
      hereunder shall not be affected by any set-off, counterclaim, recoupment,
      defense or other claim, right or action that the Company may have against
      the Executive or others. In no event shall the Executive be obligated to
      seek other employment or take any other action by way of mitigation of the
      amounts payable to the Executive under any of the provisions of this
      Agreement. The Company agrees to pay as incurred, to the full extent
      permitted by law, all legal fees and expenses that the Executive may
      reasonably incur in good faith as a result of any contest (regardless of
      the outcome thereof) by the Company, the Executive or others of the
      validity or enforceability of, or liability under, any provision of this
      Agreement or any guarantee of performance thereof (including as a result
      of any contest by the Executive about the amount of any payment pursuant
      to this Agreement), provided such contest occurs after the CIC Date, plus
      in each case interest on any delayed payment at the applicable federal
      rate provided for in Section 7872(f)(2)(A) of the Code.

8.    Certain Additional Payments by the Company.

      (a)   Anything in this Agreement to the contrary notwithstanding and
            except as set forth below, in the event it shall be determined that
            any payment or distribution by the Company to or for the benefit of
            the Executive (whether paid or payable or distributed or
            distributable pursuant to the terms of this Agreement or otherwise,
            but determined without regard to any additional payments required
            under this Section 8) (a "Payment")

                                     - 15 -
<PAGE>

            would be subject to the excise tax imposed by Section 4999 of the
            Code or any interest or penalties are incurred by the Executive with
            respect to such excise tax (such excise tax, together with any such
            interest and penalties, are hereinafter collectively referred to as
            the "Excise Tax"), then the Executive shall be entitled to receive
            an additional payment (a "Gross-Up Payment") in an amount such that
            after payment by the Executive of all taxes (including any interest
            or penalties imposed with respect to such taxes), including, without
            limitation, any income taxes (and any interest and penalties imposed
            with respect thereto) and Excise Tax imposed upon the Gross-Up
            Payment, the Executive retains an amount of the Gross-Up Payment
            equal to the Excise Tax imposed upon the Payments.

      (b)   Subject to the provisions of Section 8(c), all determinations
            required to be made under this Section 8, including whether and when
            a Gross-Up Payment is required and the amount of such Gross-Up
            Payment and the assumptions to be utilized in arriving at such
            determination, shall be made by a certified public accounting firm
            selected by the Executive and reasonably acceptable to the Company
            (the "Accounting Firm") which shall provide detailed supporting
            calculations both to the Company and the Executive within 15
            business days of the receipt of notice from the Executive that there
            has been a Payment, or such earlier time as is reasonably requested
            by the Company. All fees and expenses of the Accounting Firm shall
            be borne solely by the Company. Any Gross-Up Payment, as determined
            pursuant to this Section 8, shall be paid by the Company to the
            Executive within 14 days after the receipt of the Accounting Firm's
            determination. Any determination by the Accounting Firm shall be
            binding upon the Company and the Executive. As a result of the
            uncertainty in the application of Section 4999 of the Code at the
            time of the initial determination by the Accounting Firm hereunder,
            it is possible that Gross-Up Payments which will not have been made
            by the Company should have been made ("Underpayment"), consistent
            with the calculations required to be made hereunder. In the event
            that the Company exhausts its remedies pursuant to Section 8(c) and
            the Executive thereafter is required to make a payment of any Excise
            Tax, the Accounting Firm shall determine the amount of the
            Underpayment that has occurred and any such Underpayment shall be
            promptly paid by the Company to or for the benefit of the Executive.

      (c)   The Executive shall notify the Company in writing of any claim by
            the Internal Revenue Service that, if successful, would require the
            payment by the Company of a Gross-Up Payment (or an additional
            Gross-Up Payment). Such notification shall be given as soon as
            practicable but no later than ten business days after the Executive
            is informed in writing of such claim and shall apprise the Company
            of the nature of such claim and the date on which such claim is
            requested to be paid. The Executive shall not pay such claim prior
            to the expiration of the 30-day period following

                                     - 16 -
<PAGE>

            the date on which it gives such notice to the Company (or such
            shorter period ending on the date that any payment of taxes with
            respect to such claim is due). If the Company notifies the Executive
            in writing prior to the expiration of such period that it desires to
            contest such claim, the Executive shall:

            (i)   give the Company any information reasonably requested by the
                  Company relating to such claim,

            (ii)  take such action in connection with contesting such claim as
                  the Company shall reasonably request in writing from time to
                  time, including, without limitation, accepting legal
                  representation with respect to such claim by an attorney
                  reasonably selected by the Company,

            (iii) cooperate with the Company in good faith in order effectively
                  to contest such claim, and

            (iv)  permit the Company to participate in any proceedings relating
                  to such claim;

            provided, however, that the Company shall bear and pay directly all
            costs and expenses (including additional interest and penalties)
            incurred in connection with such contest and shall indemnify and
            hold the Executive harmless, on an after-tax basis, for any Excise
            Tax or income tax (including interest and penalties with respect
            thereto) imposed as a result of such representation and payment of
            costs and expenses. Without limitation of the foregoing provisions
            of this Section 8(c), the Company shall control all proceedings
            taken in connection with such contest (to the extent applicable to
            the Excise Tax and the Gross-Up Payment) and, at its sole option,
            may pursue or forgo any and all administrative appeals, proceedings,
            hearings and conferences with the taxing authority in respect of
            such claim and may, at its sole option, either direct the Executive
            to pay the tax claimed and sue for a refund or contest the claim in
            any permissible manner, and the Executive agrees to prosecute such
            contest to a determination before any administrative tribunal, in a
            court of initial jurisdiction and in one or more appellate courts,
            as the Company shall determine; provided, however, that if the
            Company directs the Executive to pay such claim and sue for a
            refund, the Company shall advance the amount of such payment to the
            Executive, on an interest-free basis and shall indemnify and hold
            the Executive harmless, on an after-tax basis, from any Excise Tax
            or income tax (including interest or penalties with respect thereto)
            imposed with respect to such advance or with respect to any imputed
            income with respect to such advance; and further provided that any
            extension of the statute of limitations relating to payment of taxes
            for the taxable year of the Executive with respect to which such
            contested

                                     - 17 -
<PAGE>

            amount is claimed to be due is limited solely to such contested
            amount. Furthermore, the Company's control of the contest shall be
            limited to issues with respect to which a Gross-Up Payment would be
            payable hereunder and the Executive shall be entitled to settle or
            contest, as the case may be, any other issue raised by the Internal
            Revenue Service or any other taxing authority.

      (d)   If, after the receipt by the Executive of an amount advanced by the
            Company pursuant to Section 8(c), the Executive becomes entitled to
            receive any refund with respect to such claim, the Executive shall
            (subject to the Company's complying with the requirements of Section
            8(c)) promptly pay to the Company the amount of such refund
            (together with any interest paid or credited thereon after taxes
            applicable thereto). If, after the receipt by the Executive of an
            amount advanced by the Company pursuant to Section 8(c), a
            determination is made that the Executive shall not be entitled to
            any refund with respect to such claim and the Company does not
            notify the Executive in writing of its intent to contest such denial
            of refund prior to the expiration of 30 days after such
            determination, then such advance shall be forgiven and shall not be
            required to be repaid and the amount of such advance shall offset,
            to the extent thereof, the amount of Gross-Up Payment required to be
            paid.

      (e)   Based on events occurring after the Change in Control, it may be
            necessary or appropriate to redetermine the amount of an excess
            parachute payment for a prior taxable year. Any such
            redetermination, including the assumptions to be used, shall be made
            by the Accounting Firm, which shall provide detailed supporting
            calculations both to the Company and the Executive within 15
            business days after the receipt of notice from either party of
            changed circumstances that indicate that a redetermination may be
            necessary. Any redetermination by the Accounting Firm shall be
            binding upon the Company and the Executive. If such redetermination
            results in the availability of a refund from the Internal Revenue
            Service of amounts previously paid, the Executive shall promptly
            prepare and file any necessary tax return amendment or request for
            such refund. Upon receipt of such refund from the Internal Revenue
            Service, the Executive shall promptly pay such refund to the Company
            along with any Gross-Up Payments previously paid by the Company
            which related to the refunded amount, as determined by the
            Accounting Firm. The Company shall pay all fees and expenses of the
            Accounting Firm, and the Company shall reimburse the Executive for
            all reasonable fees and expenses incurred in preparing and filing
            any tax return amendment or request for tax refund necessitated by
            the redetermination.

9.    Successors.

                                     - 18 -
<PAGE>

      (a)   This Agreement is personal to the Executive and arises from his or
            her current title, employment responsibilities and managerial
            reporting relationship. Without the prior written consent of the
            Company, this Agreement shall not be assignable by the Executive
            other than by will or the laws of descent and distribution. This
            Agreement shall inure to the benefit of, be enforceable by and be
            binding upon the Executive's legal representatives.

      (b)   This Agreement shall inure to the benefit of, be enforceable by and
            be binding upon the Company and its successors and assigns.

      (c)   The Company shall 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 Company to
            assume expressly and agree to perform this Agreement in the same
            manner and to the same extent that the Company would be required to
            perform it if no such succession had taken place.

10.   Miscellaneous.

      (a)   Governing Law; Captions; Amendments. This Agreement shall be
            governed by and construed in accordance with the laws of the State
            of New York, without reference to principles of conflict of laws.
            The captions of this Agreement are not part of the provisions hereof
            and shall have no force or effect. This Agreement may not be amended
            or modified other than by a written agreement executed by the
            parties hereto or their respective successors and legal
            representatives.

      (b)   Notices. All notices and other communications made pursuant to this
            Agreement must be in writing and must be given by hand delivery, or
            by certified mail, return receipt requested, or by overnight
            courier, or by telecopy with a confirmation copy sent by either
            overnight courier or first-class mail, and addressed as follows:

                  If to the Executive:

                  Bruce Camacho

                  __________________________
                  __________________________

                  If to the Company:

                  Assurant, Inc.
                  One Chase Manhattan Plaza
                  41st Floor
                  New York, NY 10005

                                     - 19 -
<PAGE>

                  Attention: General Counsel

            or to such other address as either party shall have furnished to the
            other in writing in accordance with this Section. Notice and
            communications shall be effective when actually received by the
            addressee.

      (c)   Severability. The invalidity or unenforceability of any provision of
            this Agreement shall not affect the validity or enforceability of
            any other provision of this Agreement.

      (d)   Withholding. The Company may withhold from any amounts payable under
            this Agreement such federal, state, local or foreign taxes as shall
            be required to be withheld pursuant to any applicable law or
            regulation.

      (e)   Waiver. The failure of either party to insist upon strict compliance
            with any provision of this Agreement, or the failure of either party
            to assert any right such party may have under this Agreement shall
            not be deemed to be a waiver of such provision or right or any other
            provision or right of this Agreement.

      (f)   "At Will" Employment; Termination of Agreement.

            (i)   The Executive and the Company acknowledge that, except as may
                  otherwise be provided under any other written agreement
                  between the Executive and the Company and to the extent
                  otherwise permitted under applicable law, the employment of
                  the Executive by the Company is "at will" and the Executive's
                  employment may be terminated by either the Executive or the
                  Company at any time prior to the CIC Date. If the Executive's
                  employment is terminated for any reason before the CIC Date,
                  the Executive shall have no further rights under this
                  Agreement, except as provided in Section 5.

            (ii)  Unless the Executive's employment is terminated, this
                  Agreement may not be terminated by the Company during the
                  Agreement Term and before the CIC Date. From and after the CIC
                  Date, this Agreement may not be terminated by the Company.
                  This Agreement shall supersede any other agreement between the
                  parties with respect to the subject matter hereof.

      (g)   Nondisclosure. Without obtaining the Company's prior written
            consent, the Executive agrees that he or she will not disclose the
            existence or the terms of this Agreement to any Person, except for
            the Executive's advisors, beneficiaries and other Persons that need
            to know about the Agreement. The Executive agrees that no Person
            associated with the

                                     - 20 -
<PAGE>

            Company falls within such exception that would permit disclosure by
            the Executive.

      (h)   Release. As a condition to the Company's obligation to pay the
            Severance pursuant to Section 4(a)(i)(B) above, the Executive must
            execute and deliver to the Company a release in substantially the
            form of EXHIBIT A hereto.

      (i)   Employer Affiliate. Notwithstanding any indication in this Agreement
            that the Executive is employed directly by the Company, the parties
            acknowledge and agree that, on the date of this Agreement, the
            Executive is employed directly either by the Company or by an
            affiliate of the Company (the "Employer Affiliate"). The parties
            further agree that the provisions of this Agreement that provide for
            the Company to have rights or obligations or to take actions with
            respect to the Executive's employment shall be interpreted to mean
            that either the Company or the Employer Affiliate shall have such
            rights and obligations and may take such actions. The Company shall
            have the discretion to determine whether it or the Employer
            Affiliate shall exercise such rights, fulfill such obligations and
            take such actions, and, if the Company determines that an obligation
            will be fulfilled by the Employer Affiliate, the Company agrees to
            cause the Employer Affiliate to fulfill such obligations as if the
            Employer Affiliate were a party to this Agreement.

      IN WITNESS WHEREOF, the Executive has hereunto set the Executive's hand
and, pursuant to the authorization from its Board of Directors, the Company has
caused this Agreement to be executed in its name on its behalf by its
undersigned officer thereunto, duly authorized, all as of the day and year first
above written.

                        ASSURANT, INC.

                        By: /s/ J. Kerry Clayton
                            ___________________________________________
                               J. Kerry Clayton
                               President and CEO

                        EXECUTIVE

                         /s/ Bruce Camacho
                        _______________________________________________
                        Bruce Camacho

                                     - 21 -
<PAGE>

                                    EXHIBIT A

                                 Form of Release

      This Release (this "Release") is granted effective as of the ______ day of
___________________, ______, by ________________________ (the "Executive") in
favor of Assurant, Inc. (the "Company"). This is the Release referred to in that
certain Change in Control Severance Agreement dated as of ________, 200___ by
and between the Company and the Executive (the "CIC Agreement"). The Executive
gives this Release in consideration of the Company's promises and covenants as
recited in the CIC Agreement, with respect to which this Release is an integral
part.

      1. Release of the Company. The Executive, for [himself] [herself], [his]
[her] successors, assigns, attorneys, and all those entitled to assert [his]
[her] rights, now and forever hereby releases and discharges the Company and its
respective officers, directors, stockholders, trustees, employees, agents,
parent corporations, subsidiaries, affiliates, estates, successors, assigns and
attorneys (the "Released Parties"), from any and all claims, actions, causes of
action, sums of money due, suits, debts, liens, covenants, contracts,
obligations, costs, expenses, damages, judgments, agreements, promises, demands,
claims for attorney's fees and costs, or liabilities whatsoever, in law or in
equity, which the Executive ever had or now has against the Released Parties,
including any claims arising by reason of or in any way connected with any
employment relationship which existed between the Company or any of its parents,
subsidiaries, affiliates, or predecessors, and the Executive. It is understood
and agreed that this Release is intended to cover all actions, causes of action,
claims or demands for any damage, loss or injury, which may be traced either
directly or indirectly to the aforesaid employment relationship, or the
termination of that relationship, that the Executive has, had or purports to
have, from the beginning of time to the date of this Release, whether known or
unknown, that now exists, no matter how remotely they may be related to the
aforesaid employment relationship including but not limited to claims for
employment discrimination under federal or state law, except as provided in
Paragraph 2; claims arising under Title VII of the Civil Rights Act, 42 U.S.C.
Section 2000(e), et seq. or the Americans With Disabilities Act, 42 U.S.C.
Section 12101 et seq.; claims for statutory or common law wrongful discharge,
including any claims arising under the Fair Labor Standards Act, 29 U.S.C.
Section 201 et seq.; claims for attorney's fees, expenses and costs; claims for
defamation; claims for wages or vacation pay; claims for benefits, including any
claims arising under the Employee Retirement Income Security Act, 29 U.S.C.
Section 1001, et seq.; and provided, however, that nothing herein shall release
the Company of its obligations to the Executive under the CIC Agreement or any
other contractual obligations between the Company or its affiliates and the
Executive, or any indemnification obligations to Executive under the Company's
bylaws, certificate of incorporation, New York law or otherwise.

      2. Release of Claims Under Age Discrimination in Employment Act. Without
limiting the generality of the foregoing, the Executive agrees that by executing
this Release, [he] [she] has released and waived any and all claims [he] [she]
has or may

<PAGE>

have as of the date of this Release for age discrimination under the Age
Discrimination in Employment Act, 29 U.S.C. Section 621, et seq. It is
understood that the Executive is advised to consult with an attorney prior to
executing this Release; that the Executive in fact has consulted a
knowledgeable, competent attorney regarding this Release; that the Executive
may, before executing this Release, consider this Release for a period of
twenty-one (21) calendar days; and that the consideration the Executive receives
for this Release is in addition to amounts to which the Executive was already
entitled. It is further understood that this Release is not effective until
seven (7) calendar days after the execution of this Release and that the
Executive may revoke this Release within seven (7) calendar days from the date
of execution hereof.

      The Executive agrees that [he] [she] has carefully read this Release and
is signing it voluntarily. The Executive acknowledges that [he] [she] has had
twenty one (21) days from receipt of this Release to review it prior to signing
or that, if the Executive is signing this Release prior to the expiration of
such 21-day period, the Executive is waiving [his] [her] right to review the
Release for such full 21-day period prior to signing it. The Executive has the
right to revoke this release within seven (7) days following the date of its
execution by [him] [her]. However, if the Executive revokes this Release within
such seven (7) day period, no severance benefit will be payable to the Executive
under the CIC Agreement and the Executive shall return to the Company any such
payment received prior to that date.

      THE EXECUTIVE HAS CAREFULLY READ THIS RELEASE AND ACKNOWLEDGES THAT IT
CONSTITUTES A GENERAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS AGAINST THE
COMPANY UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT. THE EXECUTIVE
ACKNOWLEDGES THAT [HE] [SHE] HAS HAD A FULL OPPORTUNITY TO CONSULT WITH AN
ATTORNEY OR OTHER ADVISOR OF THE EXECUTIVE'S CHOOSING CONCERNING [HIS] [HER]
EXECUTION OF THIS RELEASE AND THAT [HE] [SHE] IS SIGNING THIS RELEASE
VOLUNTARILY AND WITH THE FULL INTENT OF RELEASING THE COMPANY FROM ALL SUCH
CLAIMS.

                                            _________________________________
                                            Executive

                                            Date: ___________________________

                                     - 23 -<PAGE>

                                                                   EXHIBIT 10.11

                      CHANGE IN CONTROL SEVERANCE AGREEMENT

         THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (this "Agreement") is made
by and between Assurant, Inc. (the "Company") and Lesley Silvester (the
"Executive"), and is effective as of the 1st day of January, 2005.

         The Executive's Multiplier (as defined in Section 1(f) below) is 3.

         The Board of Directors of the Company (the "Board"), has determined
that it is in the best interests of the Company and its shareholders to assure
that the Company will have the continued dedication of Executive,
notwithstanding the possibility, threat or occurrence of a Change in Control (as
defined below) of the Company. The Board believes it is imperative to diminish
the inevitable distraction of Executive by virtue of the personal uncertainties
and risks created by a pending or threatened Change in Control and to encourage
Executive's full attention and dedication to the Company currently and in the
event of any threatened or pending Change in Control, and to provide Executive
with compensation and benefits arrangements upon a Change in Control which
ensure that the compensation and benefits expectations of Executive will be
satisfied and which are competitive with those of other corporations. Therefore,
in order to accomplish these objectives, the Board has caused the Company to
enter into this Agreement.

         IN CONSIDERATION OF THE MUTUAL PROMISES SET FORTH HEREIN, THE PARTIES
AGREE AS FOLLOWS:

1.       Certain Definitions. Each of the following terms, when used in this
         Agreement, has the meaning set forth below:

         (a)      "Agreement Term" means the period of time beginning on the
                  date of this Agreement and ending on December 31, 2005, unless
                  this Agreement has been previously terminated as provided in
                  Section 10(f). The Company may in its complete and sole
                  discretion, at any time and from time to time, extend the
                  Agreement Term by giving a written notice to the Executive;
                  provided, however, that if an agreement has been executed by
                  the Company or any of its affiliates that contemplates a
                  transaction that will be a Change in Control when consummated,
                  the Agreement Term will be automatically extended until the
                  earlier of the date of such consummation or the termination of
                  such agreement prior to any such consummation.

         (b)      "Change in Control" means any one of the following events:

                  (i)      individuals who, on the date of this Agreement,
                           constitute the Board of Directors of the Company (the
                           "Incumbent Directors") cease for any reason to
                           constitute at least a majority of such Board,
                           provided that any individual becoming a director
                           after the date of this Agreement and whose election
                           or nomination for election was

<PAGE>

                           approved by a vote of at least a majority of the
                           Incumbent Directors then on the Board shall be an
                           Incumbent Director; provided, however, that no
                           individual initially elected or nominated as a
                           director of the Company as a result of an actual or
                           threatened election contest with respect to the
                           election or removal of directors ("Election Contest")
                           or other actual or threatened solicitation of proxies
                           or consents by or on behalf of any Person other than
                           the Board ("Proxy Contest"), including by reason of
                           any agreement intended to avoid or settle any
                           Election Contest or Proxy Contest, shall be deemed an
                           Incumbent Director; or

                  (ii)     any Person becomes, after the date of this Agreement,
                           a "beneficial owner" (as defined in Rule 13d-3 under
                           the 1934 Act) of either (A) 30% or more of the then
                           outstanding shares of common stock of the Company
                           ("Company Common Stock") or (B) securities of the
                           Company representing 30% or more of the combined
                           voting power of the Company's then outstanding
                           securities entitled to vote for the election of
                           directors (the "Company Voting Securities");
                           provided, however, that for purposes of this
                           subsection 1(b)(ii), the following acquisitions of
                           Company Common Stock or Company Voting Securities
                           shall not constitute a Change in Control: (1) an
                           acquisition directly from the Company; (2) an
                           acquisition by the Company or a Subsidiary of the
                           Company; (3) an acquisition by a Person who is on the
                           date of this Agreement the beneficial owner, directly
                           or indirectly, of 50% or more of the Company Common
                           Stock or the Company Voting Securities; (4) an
                           acquisition by any employee benefit plan (or related
                           trust) sponsored or maintained by the Company or any
                           Subsidiary of the Company; or (5) an acquisition
                           pursuant to a Non-Qualifying Transaction (as defined
                           in subsection 1(b)(iii) below); or

                  (iii)    the consummation of a reorganization, merger,
                           consolidation, statutory share exchange or similar
                           form of corporate transaction involving the Company
                           or a Subsidiary (a "Reorganization"), or the sale or
                           other disposition, directly or indirectly, of all or
                           substantially all of the Company's assets (a "Sale")
                           or the acquisition of assets or stock of another
                           corporation (an "Acquisition"), unless immediately
                           following such Reorganization, Sale or Acquisition:
                           (1) all or substantially all of the individuals and
                           entities who were the beneficial owners,
                           respectively, of the outstanding Company Common Stock
                           and outstanding Company Voting Securities immediately
                           prior to such Reorganization, Sale or Acquisition
                           beneficially own, directly or indirectly, more than
                           60% of, respectively, the then outstanding shares of
                           common stock and the combined voting power of the
                           then outstanding voting securities entitled to vote
                           generally in the election of directors, as

                                     - 2 -
<PAGE>

                           the case may be, of the corporation resulting from
                           such Reorganization, Sale or Acquisition (including,
                           without limitation, a corporation that as a result of
                           such transaction owns the Company or all or
                           substantially all of the Company's assets or stock
                           either directly or through one or more subsidiaries,
                           the "Surviving Corporation") in substantially the
                           same proportions as their ownership immediately prior
                           to such Reorganization, Sale or Acquisition of the
                           outstanding Company Common Stock and the outstanding
                           Company Voting Securities, as the case may be; and
                           (2) no Person (other than (A) the Company or any
                           Subsidiary of the Company, (B) the Surviving
                           Corporation or its ultimate parent corporation, or
                           (C) any employee benefit plan (or related trust)
                           sponsored or maintained by any of the foregoing) is
                           the beneficial owner, directly or indirectly, of 30%
                           or more of the total common stock or 30% or more of
                           the total voting power of the outstanding voting
                           securities eligible to elect directors of the
                           Surviving Corporation, and (3) at least a majority of
                           the members of the board of directors of the
                           Surviving Corporation were Incumbent Directors at the
                           time of the Board's approval of the execution of the
                           initial agreement providing for such Reorganization,
                           Sale or Acquisition (any Reorganization, Sale or
                           Acquisition that satisfies all of the criteria
                           specified in (1), (2) and (3) above shall be deemed
                           to be a "Non-Qualifying Transaction"); or

                  (iv)     approval by the stockholders of the Company of a
                           complete liquidation or dissolution of the Company;
                           or

                  (v)      Fortis acquires any additional Company Common Stock
                           or Company Voting Securities without approval of the
                           Assurant, Inc. board of directors.

                  For purposes of determining whether a Change in Control has
                  occurred pursuant to Section 1(b)(iii), the assets of the
                  Company shall not include any assets that the Company is
                  required to maintain on its consolidated GAAP balance sheet
                  that are the subject of reinsurance ceded to third parties and
                  result in an approximate offsetting liability on such balance
                  sheet.

         (c)      "Disability" has the same meaning as provided in the long-term
                  disability plan or policy maintained by the Company or if
                  applicable, most recently maintained, by the Company or if
                  applicable, an affiliate of the Company, for the Executive,
                  whether or not the Executive actually receives disability
                  benefits under such plan or policy. If no long-term disability
                  plan or policy was ever maintained on behalf of the Executive,
                  Disability means Permanent and Total Disability as defined in
                  Section 22(e)(3) of the Code. In the event of a dispute, the
                  determination whether the Executive is

                                     - 3 -
<PAGE>

                  Disabled will be made by the Board and may be supported by the
                  advice of a physician competent in the area to which such
                  Disability relates.

         (d)      "Fortis" means Fortis SA/NV, a public company established as a
                  societe anonyme/naamloze vennootschap under the laws of
                  Belgium, and Fortis N.V., a public company established as a
                  naamloze vennootschap under the laws of The Netherlands, and
                  their affiliates other than the Company and its Subsidiaries.

         (e)      "GAAP" means U.S. generally accepted accounting principles
                  consistently applied.

         (f)      "Multiplier" means the number set forth in the second
                  paragraph of this Agreement; provided however, that if the
                  Executive has, prior to the CIC Date, publicly announced his
                  or her Retirement or voluntary termination of employment, the
                  Multiplier will be a fraction with the numerator equal to the
                  remaining whole or partial months between the Date of
                  Termination of employment and the effective date of such
                  announced Retirement or voluntary termination of employment,
                  and with the denominator equal to 12, but in no event shall
                  such fraction be equal to a number greater than the number set
                  forth in the second paragraph of this Agreement.

         (g)      "Person" means any individual, entity or group (within the
                  meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act).

         (h)      "Retirement" means retirement as defined in the Company's
                  then-current tax qualified defined benefit pension plan, or if
                  there is no such retirement plan, Retirement means voluntary
                  termination of employment after age 55 with ten or more years
                  of service, or after age 65 with five or more years of
                  service.

         (i)      "Subsidiary" means any corporation, limited liability company,
                  partnership or other entity of which a majority of the
                  outstanding voting stock or voting power is beneficially owned
                  directly or indirectly by the Company.

         (j)      "1934 Act" means the Securities Exchange Act of 1934, as
                  amended from time to time.

         (k)      Each of the following terms is defined in the Section
                  indicated:

<TABLE>
<CAPTION>
      Term                                              Section
      ----                                              -------
<S>                                                  <C>
Accounting Firm                                      8(b)
Accrued Obligations                                  4(a)(i)(A)(3)
Base Salary                                          4(a)(i)(A)(1)
</TABLE>

                                     - 4 -
<PAGE>
<TABLE>
<S>                                                  <C>
Board                                                3rd Paragraph
Cause                                                3(b)
CIC Date                                             2
Code                                                 3(d)
Company Common Stock                                 1(b)(ii)
Company Voting Securities                            1(b)(ii)
Date of Termination                                  3(e)
Deferred Compensation                                4(g)
Disability Effective Date                            3(a)
Election Contest                                     1(b)(i)
Employer Affiliate                                   10(i)
Excise Tax                                           8(a)
Good Reason                                          3(c)
Gross-Up Payment                                     8(a)
Incumbent Directors                                  1(b)(i)
Non-Qualifying Transaction                           1(b)(iii)
Notice of Termination                                3(d)
Other Benefits                                       4(a)(iii)
Payment                                              8(a)
Post-CIC Period                                      2
Proxy Contest                                        1(b)(i)
Rabbi Trust                                          4(h)
Release                                              10(h)
Severance                                            4(a)(i)(B)
Surviving Corporation                                1(b)(iii)
Target Bonus                                         4(a)(i)(A)(2)
Underpayment                                         8(b)
Welfare Benefits                                     4(a)(ii)
</TABLE>

2.       Post-CIC Period. If the Executive is employed by the Company
         immediately prior to the first date during the Agreement Term on which
         a Change in Control occurs (the "CIC Date"), then the Executive's
         employment during the two-year period beginning on the CIC Date and
         ending on the second anniversary of such date (the "Post-CIC Period")
         shall be subject to all the terms and conditions of this Agreement,
         including, without limitation, the termination events described in
         Section 3 below.

3.       Termination of Employment During Post-CIC Period.

         (a)      Death, Retirement or Disability. During the Post-CIC Period,
                  the Executive's employment shall terminate automatically upon
                  the Executive's death or Retirement. If the Company determines
                  in good faith that the Disability of the Executive has
                  occurred during the Post-CIC Period, the Company may, in its
                  discretion, give the Executive a written notice in accordance
                  with Section 10(b) of this Agreement of the Company's
                  intention to terminate the Executive's employment. In such

                                     - 5 -
<PAGE>

                  event, the Executive's employment with the Company shall
                  terminate effective on the 30th day after receipt of such
                  notice by the Executive (the "Disability Effective Date").

         (b)      Cause. The Company may terminate the Executive's employment
                  during the Post-CIC Period with or without Cause. For purposes
                  of this Agreement, "Cause" means either of the following
                  circumstances:

                  (i)      Failure to Perform. The willful and continued failure
                           of the Executive to perform substantially the
                           Executive's reasonably assigned duties with the
                           Company (other than any such failure resulting from
                           incapacity due to physical or mental illness or from
                           the assignment to the Executive of duties that would
                           constitute Good Reason under Section 3(c)), which
                           failure continues for a period of at least 30 days
                           after a written demand for substantial performance is
                           delivered to the Executive by the Board or the Chief
                           Executive Officer of the Company. Such written demand
                           must specifically identify the manner in which the
                           Board or Chief Executive Officer believes that the
                           Executive has not substantially performed the
                           Executive's duties; provided, however, that no
                           failure to perform by the Executive after a Notice of
                           Termination is given to the Company by the Executive
                           shall constitute Cause for purposes of this
                           Agreement.

                  (ii)     Engaging in Illegal Conduct or Gross Misconduct. The
                           willful engaging by the Executive in illegal conduct
                           or gross misconduct that is materially and
                           demonstrably injurious to the Company.

                  For purposes of this Section 3(b), 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 the Company.
                  Any act, or failure to act, based upon authority given
                  pursuant to a resolution duly adopted by the Board or upon the
                  instructions of a senior officer of the Company or based upon
                  the advice of counsel for the Company shall be conclusively
                  presumed to be done, or omitted to be done, by the Executive
                  in good faith and in the best interests of the Company. The
                  cessation of employment of the Executive shall not be deemed
                  to be for Cause unless and until there shall have been
                  delivered to the Executive a copy of a resolution duly adopted
                  by the affirmative vote of not less than a majority of the
                  entire membership of the Board at a meeting of the Board
                  called and held for such purpose (after reasonable notice is
                  provided to the Executive and the Executive is given an
                  opportunity, together with counsel, to be heard before the
                  Board), finding that, in the good faith opinion of the Board,
                  the Executive is guilty of the

                                     - 6 -
<PAGE>

                  conduct described in subparagraph (i) or (ii) above, and
                  specifying the particulars thereof in detail.

         (c)      Good Reason.

                  (i)      The Executive's employment may be terminated by the
                           Executive during the Post-CIC Period for Good Reason
                           or for no reason. For purposes of this Agreement,
                           "Good Reason" means any of the following
                           circumstances:

                           (1)      Diminution of Position. The assignment to
                                    the Executive of any duties materially
                                    inconsistent with the Executive's position
                                    immediately prior to the CIC Date (including
                                    status, offices, titles and reporting
                                    requirements), authority, duties or
                                    responsibilities, or any other action by the
                                    Company which results in a material
                                    diminution in such position, authority,
                                    duties or responsibilities, excluding for
                                    this purpose an isolated, insubstantial and
                                    inadvertent action not taken in bad faith
                                    and which is remedied by the Company
                                    promptly after receipt of notice thereof
                                    given by the Executive.

                           (2)      Reduction of Compensation. Any material
                                    reduction in the aggregate value of the
                                    Executive's annual base salary, short-term
                                    cash bonus target amount, long-term
                                    incentive plan target amount, and
                                    Company-provided welfare benefits, all as in
                                    effect immediately prior to the CIC Date, ,
                                    or any failure by the Company to pay any
                                    such amount to the Executive as earned by
                                    the Executive. An inadvertent failure by the
                                    Company to make any payment of compensation
                                    to the Executive that does not occur in bad
                                    faith and that is remedied by the Company
                                    promptly after the Company receives notice
                                    thereof from the Executive, is excluded from
                                    the definition of "Good Reason."

                           (3)      Employment Location. The Company or an
                                    Affiliate requiring the Executive to be
                                    based at any location that is more than
                                    fifty (50) miles from the location at which
                                    the Executive is based immediately prior to
                                    the CIC Date.

                           (4)      Other Termination. Any purported termination
                                    by the Company of the Executive's employment
                                    other than as expressly permitted by this
                                    Agreement.

                                     - 7 -
<PAGE>

                           (5)      Breach by the Company. Any material breach
                                    by the Company of any provision of this
                                    Agreement, including, without limitation,
                                    Section 9(c).

                           Good Reason shall not include Executive's death or
                           Disability. Executive's continued employment shall
                           not constitute consent to, or a waiver of rights with
                           respect to, any circumstance constituting Good Reason
                           hereunder. For purposes of this Section 3(c), any
                           good faith determination of "Good Reason" made by
                           Executive shall be conclusive.

                  (ii)     Notwithstanding the foregoing, "Good Reason" shall
                           not exist until after (1) the Executive has given the
                           Company written notice of the applicable event not
                           later than 30 days after the occurrence of such
                           event, specifying in reasonable detail the
                           circumstances of the event and stating the
                           Executive's intent to terminate his or her employment
                           if not remedied, and (2) the Company has not remedied
                           such event within 30 days after receipt of such
                           notice; provided, however, that if the specified
                           event reasonably cannot be remedied within such
                           30-day period, the Company commences reasonable steps
                           within such 30-day period to remedy such event and
                           diligently continues such steps thereafter until a
                           remedy is effected, and the remedy is effected within
                           60 days after the Company's receipt of the
                           Executive's notice, then such event shall not
                           constitute "Good Reason."

                  (iii)    Notwithstanding the foregoing, "Good Reason" shall
                           not exist if the Executive is offered employment with
                           the Company or an affiliate thereof, or if the
                           Executive is offered employment with the Surviving
                           Corporation, and in either case such offer of
                           employment includes a position, compensation and
                           employment location that are consistent with the
                           requirements of subsections 3(c)(i)(1), (2) and (3).

         (d)      Notice of Termination. Any termination by the Company or by
                  the Executive must be communicated by Notice of Termination to
                  the other party, and must be given in accordance with Section
                  10(b) of this Agreement. For purposes of this Agreement, a
                  "Notice of Termination" means a written notice that:

                  (i)      indicates the specific termination provision in this
                           Agreement relied upon, and

                  (ii)     to the extent applicable, sets forth in reasonable
                           detail the facts and circumstances claimed to provide
                           a basis for termination of the Executive's employment
                           under the provision so indicated, and

                                     - 8 -
<PAGE>

                  (iii)    if the Date of Termination is other than the date of
                           receipt of such notice, specifies the termination
                           date (which date shall be not more than 30 days after
                           the giving of such notice, except as provided in
                           Section 3(c)(ii) above).

                  If a dispute exists concerning the provisions of this
                  Agreement that apply to the Executive's termination of
                  employment, the parties shall pursue the resolution of such
                  dispute with reasonable diligence. Within five days of such a
                  resolution, any party owing any payments pursuant to the
                  provisions of this Agreement shall make all such payments
                  together with interest accrued thereon at the rate provided in
                  Section 1274(b)(2)(B) of the Internal Revenue Code of 1986, as
                  amended (the "Code"). If the Executive or the Company fails to
                  set forth in a Notice of Termination any additional fact or
                  circumstance that contributes to a showing of Good Reason or
                  Cause, but otherwise delivers a Notice of Termination in
                  accordance with this Agreement, such party will not be
                  precluded from asserting the additional fact or circumstance
                  in enforcing such party's rights hereunder.

         (e)      Date of Termination. "Date of Termination" means whichever of
                  the following is applicable:

                  (i)      If the Company terminates the Executive's employment
                           for Cause, the Date of Termination shall be the date
                           of receipt of the Notice of Termination or any later
                           date specified in such Notice.

                  (ii)     If the Company terminates the Executive's employment
                           other than for Cause or Disability, the Date of
                           Termination shall be the date on which the Company
                           notifies the Executive of such termination or any
                           later date specified in such notice.

                  (iii)    If the Executive's employment is terminated by reason
                           of death or Disability, the Date of Termination shall
                           be the date of death of the Executive or the
                           Disability Effective Date.

                  (iv)     If the Executive terminates his or her employment for
                           Good Reason, the Date of Termination shall be in
                           accordance with Section 3(c)(ii) of this Agreement.

4.       Obligations of the Company upon Termination.

         (a)      Good Reason; Other Than for Cause or Disability. If, during
                  the Post-CIC Period, the Company terminates the Executive's
                  employment other than for Cause or Disability, or the
                  Executive terminates his or her employment

                                     - 9 -
<PAGE>

                  for Good Reason, then in consideration of Executive's services
                  rendered prior to such termination all of the following shall
                  take place:

                  (i)      Cash Payments.

                           A.       Current Compensation. The Company shall pay
                                    to the Executive in a lump sum in cash
                                    within 30 days after the Date of Termination
                                    the sum of:

                                    (1)      the Executive's annual base salary
                                             as in effect immediately prior to
                                             the CIC Date ("Base Salary")
                                             through the Date of Termination to
                                             the extent not theretofore paid,

                                    (2)     the product of (x) the Executive's
                                            target annual bonus under the
                                            Company's short-term incentive bonus
                                            plan for the year in which the Date
                                            of Termination occurs (the "Target
                                            Bonus") and (y) a fraction, the
                                            numerator of which is the number of
                                            days in the current fiscal year of
                                            the Division through the Date of
                                            Termination, and the denominator of
                                            which is 365, and

                                    (3)     any accrued vacation pay to the
                                            extent not theretofore paid (the sum
                                            of the amounts described in clauses
                                            (1) and (2) immediately above and
                                            this clause (3) shall be hereinafter
                                            referred to as the "Accrued
                                            Obligations").

                           B.       Severance. The Company shall pay to the
                                    Executive an amount of cash severance (the
                                    "Severance") in a lump sum within 30 days
                                    after the Date of Termination equal to the
                                    product of the Multiplier times the sum of
                                    (1) the Executive's Base Salary and (2) the
                                    Executive's Target Bonus.

                           (ii)     Welfare Benefits. For 18 months after the
                                    Date of Termination, the Company shall
                                    continue to provide the same medical,
                                    dental, life and/or disability insurance
                                    coverages to the Executive and/or the
                                    Executive's dependents that the Company or
                                    the Surviving Corporation, as the case may
                                    be, provides generally during such 18-month
                                    period to its employees who hold positions
                                    similar to the position held by the
                                    Executive immediately prior to the Date of
                                    Termination (the "Welfare Benefits"). For
                                    those Welfare Benefits to which COBRA
                                    applies, the

                                     - 10 -
<PAGE>

                                    Company will only be obligated to provide
                                    such Welfare Benefits through the
                                    Executive's making the elections permitted
                                    under COBRA. In order to receive the Welfare
                                    Benefits, the Executive shall pay the same
                                    amount therefor that he or she paid for such
                                    Welfare Benefits immediately prior to the
                                    Termination Date, and the Executive must
                                    make these elections and pay all required
                                    premiums on a timely basis. If the Executive
                                    becomes employed with another employer,
                                    including, without limitation, the Surviving
                                    Corporation, and

                                    (A)      the Executive is eligible to
                                             receive medical or dental insurance
                                             coverages under another employer
                                             provided plan, then the medical and
                                             dental insurance coverages provided
                                             by the Company pursuant to this
                                             subsection 4(a)(i) shall be
                                             secondary to the medical and dental
                                             insurance coverages, respectively,
                                             provided under such other plan to
                                             the Executive and/or the
                                             Executive's dependents during such
                                             applicable period of eligibility;
                                             and/or

                                    (B)      the Executive is eligible to
                                             receive life or disability
                                             insurance coverages under another
                                             employer provided plan, then the
                                             Company shall have no further
                                             obligation to provide the Executive
                                             and/or the Executive's dependents
                                             with life or disability insurance
                                             coverage.

                           The Company shall not be required to compensate the
                           Executive for any taxes that the Executive may incur
                           as a result of the provision of Welfare Benefits
                           hereunder. If the Executive has prior to the CIC Date
                           publicly announced his or her Retirement or voluntary
                           termination of employment, the Executive will receive
                           the Welfare Benefits under this subsection 4(a)(ii)
                           only to the effective date of such announced
                           Retirement or voluntary termination of employment.

                  (iii)    Other Benefits Due at Date of Termination. To the
                           extent not then already paid or provided, the Company
                           shall timely pay or provide to the Executive any
                           other amounts or benefits required to be paid or
                           provided through the Date of Termination, or which
                           the Executive is eligible to receive through and
                           after the Date of Termination, under any plan,
                           program, policy or practice of, or contract or
                           agreement with, the Company and its affiliated
                           companies, including such plans that have change in
                           control

                                     - 11 -
<PAGE>

                           provisions in the plans (such other amounts and
                           benefits shall be hereinafter referred to as the
                           "Other Benefits"); provided, however, that in no
                           event shall the Executive be entitled to any benefits
                           under any severance plan made available to other
                           Company employees, it being the intent of the parties
                           that the benefits to the Executive under this
                           Agreement will be in lieu of any such other severance
                           plan.

         (b)      Death. If the Executive's employment is terminated by reason
                  of the Executive's death during the Post-CIC Period, this
                  Agreement shall terminate without further obligations to the
                  Executive's legal representatives, other than for payment of
                  Accrued Obligations and Deferred Compensation, and the timely
                  payment or provision of Other Benefits. The Company shall pay
                  all Accrued Obligations to the Executive's estate or
                  beneficiary, as applicable, in a lump sum in cash within 30
                  days of the Date of Termination, and shall pay all Deferred
                  Compensation to the Executive's estate or beneficiary, as
                  applicable, in accordance with the terms of the plan under
                  which such compensation was deferred.

         (c)      Retirement. If the Executive's employment is terminated by
                  reason of the Executive's Retirement during the Post-CIC
                  Period, this Agreement shall terminate without further
                  obligations to the Executive, other than for payment of
                  Accrued Obligations and Deferred Compensation, and the timely
                  payment or provision of Other Benefits. The Company shall pay
                  all Accrued Obligations to the Executive in a lump sum in cash
                  within 30 days of the Date of Termination, and shall pay all
                  Deferred Compensation to the Executive in accordance with the
                  terms of the plan under which such compensation was deferred.

         (d)      Disability. If the Executive's employment is terminated by
                  reason of the Executive's Disability during the Post-CIC
                  Period, this Agreement shall terminate without further
                  obligations to the Executive, other than for payment of
                  Accrued Obligations and Deferred Compensation, and the timely
                  payment or provision of Other Benefits. The Company shall pay
                  all Accrued Obligations to the Executive in a lump sum in cash
                  within 30 days of the Date of Termination, and shall pay all
                  Deferred Compensation to the Executive in accordance with the
                  terms of the plan under which such compensation was deferred.

         (e)      Cause; Other than for Good Reason. If the Company terminates
                  the Executive's employment for Cause during the Post-CIC
                  Period, this Agreement shall terminate without further
                  obligations to the Executive other than the obligation to pay
                  to the Executive (x) his or her Base Salary through the Date
                  of Termination, (y) any Deferred Compensation, and (z) Other
                  Benefits, in each case to the extent not then already paid. If
                  the

                                     - 12 -
<PAGE>

                  Executive voluntarily terminates employment during the
                  Post-CIC Period (excluding a termination for Good Reason),
                  this Agreement shall terminate without further obligations to
                  the Executive, other than for Accrued Obligations, Deferred
                  Compensation and the timely payment or provision of Other
                  Benefits. In either case described in this Section 4(e), the
                  Company shall pay all Accrued Obligations to the Executive in
                  a lump sum in cash within 30 days of the Date of Termination,
                  and shall pay all Deferred Compensation to the Executive in
                  accordance with the terms of the plan under which such
                  compensation was deferred.

         (f)      Outplacement Services. For a period not to exceed the number
                  of months equal to one-half of the Multiplier, the Executive
                  shall have the right to make full use of the Company's
                  outplacement services to its officers upon termination of the
                  Executive's employment, except in the event that the
                  Executive's employment is terminated for Cause.

         (g)      Deferred Compensation. Any compensation previously deferred by
                  the Executive ("Deferred Compensation") shall be paid to the
                  Executive in accordance with the terms of the plan under which
                  it was deferred.

         (h)      Funding of Certain Obligations. Not later than the CIC Date,
                  regardless of whether the Executive's employment has then
                  terminated or any termination of such employment has then been
                  announced, the Company shall take all actions necessary or
                  appropriate to establish and fund a "rabbi" trust (i.e., a
                  trust based on the model trust contained in Revenue Procedure
                  92-64, and with a trustee selected by the Company, but that is
                  independent of the Company) (hereafter the "Rabbi Trust") for
                  the purpose of ensuring that the Executive will receive the
                  Severance in accordance with the terms of this Agreement. The
                  Rabbi Trust shall expressly provide that after the CIC Date
                  occurs, the Rabbi Trust may be amended or revoked only with
                  the prior written consent of the Executive. Without limiting
                  the generality of the foregoing, on or before the CIC Date,
                  the Company will deposit in the Rabbi Trust an amount of cash
                  equal to the amount of the Severance to which the Executive
                  would be entitled if his or her employment terminated on the
                  CIC Date; provided, however, that if such amount deposited in
                  the Rabbi Trust together with any interest or earnings thereon
                  is determined later to be less than or more than the amount of
                  the Severance, if any, that actually becomes due to the
                  Executive hereunder, the Executive shall be entitled to the
                  amount required by this Agreement and not the amount that is
                  held in such trust. In the event that the Executive does not
                  become entitled to the Severance, as determined by the trustee
                  of the Rabbi Trust, the amount remaining in the Rabbi Trust
                  shall be returned to the Company after the expiration of the
                  Post-CIC Period. The Rabbi Trust shall be used solely for the
                  purpose of holding deposits of funds for the potential
                  Severance obligations to the

                                     - 13 -
<PAGE>

                  Executive hereunder, and other similar obligations to
                  similarly situated employees of the Company.

5.       Termination in Anticipation of a Change in Control. If (1) a Change in
         Control occurs during the Agreement Term, AND (2) within one year prior
         to the CIC Date the Executive's employment with the Company has been
         terminated either by the Company without Cause or by the Executive for
         Good Reason, then if the Executive can reasonably demonstrate that such
         termination of employment (i) was at the request of or with the express
         prior consent of a third party who has taken steps reasonably
         calculated to effect such Change in Control or (ii) otherwise arose in
         anticipation of such Change in Control, then all of the following shall
         take place:

         (a)      Section 2 of this Agreement shall not apply to the Executive;
                  Section 4 of this Agreement shall apply to the Executive as
                  described in subsection (b) below; and all other provisions of
                  this Agreement shall apply to the Executive in accordance with
                  their terms.

         (b)      The Company shall pay to the Executive the aggregate of all
                  amounts described in Sections 4(a)(i) and 4(a)(iii) in a lump
                  sum in cash within 30 days after the CIC Date, using as the
                  Executive's Base Salary and Target Bonus his or her annual
                  base salary and target short-term incentive bonus,
                  respectively, as in effect immediately prior to the Date of
                  Termination. The Company shall pay any Deferred Compensation
                  to the Executive in accordance with the terms of the plan
                  under which such compensation was deferred.

         (c)      The Company shall provide to the Executive the Welfare
                  Benefits as and for the time period described in Section
                  4(a)(ii), except that the Company shall reimburse the
                  Executive for the cost of obtaining such Welfare Benefits
                  between the Date of Termination and the CIC Date by paying to
                  the Executive a lump sum in cash equal to the amount that the
                  Executive paid to obtain such Welfare Benefits for such period
                  less the amount that the Executive was paying to obtain such
                  Welfare Benefits immediately prior to the Date of Termination.
                  If the Executive has, prior to the CIC Date, publicly
                  announced his or her Retirement or voluntary termination of
                  employment, the Executive will receive the Welfare Benefits
                  under this subsection 5(c) only to the effective date of such
                  announced Retirement or voluntary termination of employment.

6.       Non-exclusivity of Rights. Nothing in this Agreement shall prevent or
         limit the Executive's continuing or future participation in any plan,
         program, policy or practice provided by the Company or any of its
         affiliated companies and for which the Executive may qualify, nor,
         except as explicitly provided herein, shall anything in this Agreement
         limit or otherwise affect such rights as the Executive may have under
         any contract or agreement with the Company or any of its

                                     - 14 -
<PAGE>

         affiliated companies. Amounts that are vested benefits or that the
         Executive is otherwise entitled to receive under any plan, policy,
         practice or program of or any contract or agreement with the Company or
         any of its affiliated companies at or subsequent to the Date of
         Termination shall be payable in accordance with such plan, policy,
         practice or program or contract or agreement except as explicitly
         modified by this Agreement.

7.       No Company Set-Off; Legal Fees; Interest. Except as provided in Section
         10(h), and except in the event that the Executive's employment is
         terminated for Cause, the Company's obligation to make the payments
         provided for in this Agreement and otherwise to perform its obligations
         hereunder shall not be affected by any set-off, counterclaim,
         recoupment, defense or other claim, right or action that the Company
         may have against the Executive or others. In no event shall the
         Executive be obligated to seek other employment or take any other
         action by way of mitigation of the amounts payable to the Executive
         under any of the provisions of this Agreement. The Company agrees to
         pay as incurred, to the full extent permitted by law, all legal fees
         and expenses that the Executive may reasonably incur in good faith as a
         result of any contest (regardless of the outcome thereof) by the
         Company, the Executive or others of the validity or enforceability of,
         or liability under, any provision of this Agreement or any guarantee of
         performance thereof (including as a result of any contest by the
         Executive about the amount of any payment pursuant to this Agreement),
         provided such contest occurs after the CIC Date, plus in each case
         interest on any delayed payment at the applicable federal rate provided
         for in Section 7872(f)(2)(A) of the Code.

8.       Certain Additional Payments by the Company.

         (a)      Anything in this Agreement to the contrary notwithstanding and
                  except as set forth below, in the event it shall be determined
                  that any payment or distribution by the Company to or for the
                  benefit of the Executive (whether paid or payable or
                  distributed or distributable pursuant to the terms of this
                  Agreement or otherwise, but determined without regard to any
                  additional payments required under this Section 8) (a
                  "Payment") would be subject to the excise tax imposed by
                  Section 4999 of the Code or any interest or penalties are
                  incurred by the Executive with respect to such excise tax
                  (such excise tax, together with any such interest and
                  penalties, are hereinafter collectively referred to as the
                  "Excise Tax"), then the Executive shall be entitled to receive
                  an additional payment (a "Gross-Up Payment") in an amount such
                  that after payment by the Executive of all taxes (including
                  any interest or penalties imposed with respect to such taxes),
                  including, without limitation, any income taxes (and any
                  interest and penalties imposed with respect thereto) and
                  Excise Tax imposed upon the Gross-Up Payment, the Executive
                  retains an amount of the Gross-Up Payment equal to the Excise
                  Tax imposed upon the Payments.

                                     - 15 -
<PAGE>

         (b)      Subject to the provisions of Section 8(c), all determinations
                  required to be made under this Section 8, including whether
                  and when a Gross-Up Payment is required and the amount of such
                  Gross-Up Payment and the assumptions to be utilized in
                  arriving at such determination, shall be made by a certified
                  public accounting firm selected by the Executive and
                  reasonably acceptable to the Company (the "Accounting Firm")
                  which shall provide detailed supporting calculations both to
                  the Company and the Executive within 15 business days of the
                  receipt of notice from the Executive that there has been a
                  Payment, or such earlier time as is reasonably requested by
                  the Company. All fees and expenses of the Accounting Firm
                  shall be borne solely by the Company. Any Gross-Up Payment, as
                  determined pursuant to this Section 8, shall be paid by the
                  Company to the Executive within 14 days after the receipt of
                  the Accounting Firm's determination. Any determination by the
                  Accounting Firm shall be binding upon the Company and the
                  Executive. As a result of the uncertainty in the application
                  of Section 4999 of the Code at the time of the initial
                  determination by the Accounting Firm hereunder, it is possible
                  that Gross-Up Payments which will not have been made by the
                  Company should have been made ("Underpayment"), consistent
                  with the calculations required to be made hereunder. In the
                  event that the Company exhausts its remedies pursuant to
                  Section 8(c) and the Executive thereafter is required to make
                  a payment of any Excise Tax, the Accounting Firm shall
                  determine the amount of the Underpayment that has occurred and
                  any such Underpayment shall be promptly paid by the Company to
                  or for the benefit of the Executive.

         (c)      The Executive shall notify the Company in writing of any claim
                  by the Internal Revenue Service that, if successful, would
                  require the payment by the Company of a Gross-Up Payment (or
                  an additional Gross-Up Payment). Such notification shall be
                  given as soon as practicable but no later than ten business
                  days after the Executive is informed in writing of such claim
                  and shall apprise the Company of the nature of such claim and
                  the date on which such claim is requested to be paid. The
                  Executive shall not pay such claim prior to the expiration of
                  the 30-day period following the date on which it gives such
                  notice to the Company (or such shorter period ending on the
                  date that any payment of taxes with respect to such claim is
                  due). If the Company notifies the Executive in writing prior
                  to the expiration of such period that it desires to contest
                  such claim, the Executive shall:

                  (i)      give the Company any information reasonably requested
                           by the Company relating to such claim,

                  (ii)     take such action in connection with contesting such
                           claim as the Company shall reasonably request in
                           writing from time to time, including, without
                           limitation, accepting legal representation with

                                     - 16 -
<PAGE>

                           respect to such claim by an attorney reasonably
                           selected by the Company,

                  (iii)    cooperate with the Company in good faith in order
                           effectively to contest such claim, and

                  (iv)     permit the Company to participate in any proceedings
                           relating to such claim;

                  provided, however, that the Company shall bear and pay
                  directly all costs and expenses (including additional interest
                  and penalties) incurred in connection with such contest and
                  shall indemnify and hold the Executive harmless, on an
                  after-tax basis, for any Excise Tax or income tax (including
                  interest and penalties with respect thereto) imposed as a
                  result of such representation and payment of costs and
                  expenses. Without limitation of the foregoing provisions of
                  this Section 8(c), the Company shall control all proceedings
                  taken in connection with such contest (to the extent
                  applicable to the Excise Tax and the Gross-Up Payment) and, at
                  its sole option, may pursue or forgo any and all
                  administrative appeals, proceedings, hearings and conferences
                  with the taxing authority in respect of such claim and may, at
                  its sole option, either direct the Executive to pay the tax
                  claimed and sue for a refund or contest the claim in any
                  permissible manner, and the Executive agrees to prosecute such
                  contest to a determination before any administrative tribunal,
                  in a court of initial jurisdiction and in one or more
                  appellate courts, as the Company shall determine; provided,
                  however, that if the Company directs the Executive to pay such
                  claim and sue for a refund, the Company shall advance the
                  amount of such payment to the Executive, on an interest-free
                  basis and shall indemnify and hold the Executive harmless, on
                  an after-tax basis, from any Excise Tax or income tax
                  (including interest or penalties with respect thereto) imposed
                  with respect to such advance or with respect to any imputed
                  income with respect to such advance; and further provided that
                  any extension of the statute of limitations relating to
                  payment of taxes for the taxable year of the Executive with
                  respect to which such contested amount is claimed to be due is
                  limited solely to such contested amount. Furthermore, the
                  Company's control of the contest shall be limited to issues
                  with respect to which a Gross-Up Payment would be payable
                  hereunder and the Executive shall be entitled to settle or
                  contest, as the case may be, any other issue raised by the
                  Internal Revenue Service or any other taxing authority.

         (d)      If, after the receipt by the Executive of an amount advanced
                  by the Company pursuant to Section 8(c), the Executive becomes
                  entitled to receive any refund with respect to such claim, the
                  Executive shall (subject to the Company's complying with the
                  requirements of Section 8(c)) promptly pay to the Company the
                  amount of such refund (together with

                                     - 17 -
<PAGE>

                  any interest paid or credited thereon after taxes applicable
                  thereto). If, after the receipt by the Executive of an amount
                  advanced by the Company pursuant to Section 8(c), a
                  determination is made that the Executive shall not be entitled
                  to any refund with respect to such claim and the Company does
                  not notify the Executive in writing of its intent to contest
                  such denial of refund prior to the expiration of 30 days after
                  such determination, then such advance shall be forgiven and
                  shall not be required to be repaid and the amount of such
                  advance shall offset, to the extent thereof, the amount of
                  Gross-Up Payment required to be paid.

         (e)      Based on events occurring after the Change in Control, it may
                  be necessary or appropriate to redetermine the amount of an
                  excess parachute payment for a prior taxable year. Any such
                  redetermination, including the assumptions to be used, shall
                  be made by the Accounting Firm, which shall provide detailed
                  supporting calculations both to the Company and the Executive
                  within 15 business days after the receipt of notice from
                  either party of changed circumstances that indicate that a
                  redetermination may be necessary. Any redetermination by the
                  Accounting Firm shall be binding upon the Company and the
                  Executive. If such redetermination results in the availability
                  of a refund from the Internal Revenue Service of amounts
                  previously paid, the Executive shall promptly prepare and file
                  any necessary tax return amendment or request for such refund.
                  Upon receipt of such refund from the Internal Revenue Service,
                  the Executive shall promptly pay such refund to the Company
                  along with any Gross-Up Payments previously paid by the
                  Company which related to the refunded amount, as determined by
                  the Accounting Firm. The Company shall pay all fees and
                  expenses of the Accounting Firm, and the Company shall
                  reimburse the Executive for all reasonable fees and expenses
                  incurred in preparing and filing any tax return amendment or
                  request for tax refund necessitated by the redetermination.

9.       Successors.

         (a)      This Agreement is personal to the Executive and arises from
                  his or her current title, employment responsibilities and
                  managerial reporting relationship. Without the prior written
                  consent of the Company, this Agreement shall not be assignable
                  by the Executive other than by will or the laws of descent and
                  distribution. This Agreement shall inure to the benefit of, be
                  enforceable by and be binding upon the Executive's legal
                  representatives.

         (b)      This Agreement shall inure to the benefit of, be enforceable
                  by and be binding upon the Company and its successors and
                  assigns.

         (c)      The Company shall require any successor (whether direct or
                  indirect, by purchase, merger, consolidation or otherwise) to
                  all or substantially all of

                                     - 18 -
<PAGE>

                  the business and/or assets of the Company to assume expressly
                  and agree to perform this Agreement in the same manner and to
                  the same extent that the Company would be required to perform
                  it if no such succession had taken place.

10.      Miscellaneous.

         (a)      Governing Law; Captions; Amendments. This Agreement shall be
                  governed by and construed in accordance with the laws of the
                  State of New York, without reference to principles of conflict
                  of laws. The captions of this Agreement are not part of the
                  provisions hereof and shall have no force or effect. This
                  Agreement may not be amended or modified other than by a
                  written agreement executed by the parties hereto or their
                  respective successors and legal representatives.

         (b)      Notices. All notices and other communications made pursuant to
                  this Agreement must be in writing and must be given by hand
                  delivery, or by certified mail, return receipt requested, or
                  by overnight courier, or by telecopy with a confirmation copy
                  sent by either overnight courier or first-class mail, and
                  addressed as follows:

                           If to the Executive:

                           Lesley Silvester

                           _____________________
                           _____________________

                           If to the Company:

                           Assurant, Inc.
                           One Chase Manhattan Plaza
                           41st Floor
                           New York, NY 10005
                           Attention: General Counsel

                  or to such other address as either party shall have furnished
                  to the other in writing in accordance with this Section.
                  Notice and communications shall be effective when actually
                  received by the addressee.

         (c)      Severability. The invalidity or unenforceability of any
                  provision of this Agreement shall not affect the validity or
                  enforceability of any other provision of this Agreement.

         (d)      Withholding. The Company may withhold from any amounts payable
                  under this Agreement such federal, state, local or foreign
                  taxes as shall be required to be withheld pursuant to any
                  applicable law or regulation.

                                     - 19 -
<PAGE>

         (e)      Waiver. The failure of either party to insist upon strict
                  compliance with any provision of this Agreement, or the
                  failure of either party to assert any right such party may
                  have under this Agreement shall not be deemed to be a waiver
                  of such provision or right or any other provision or right of
                  this Agreement.

         (f)      "At Will" Employment; Termination of Agreement.

                  (i)      The Executive and the Company acknowledge that,
                           except as may otherwise be provided under any other
                           written agreement between the Executive and the
                           Company and to the extent otherwise permitted under
                           applicable law, the employment of the Executive by
                           the Company is "at will" and the Executive's
                           employment may be terminated by either the Executive
                           or the Company at any time prior to the CIC Date. If
                           the Executive's employment is terminated for any
                           reason before the CIC Date, the Executive shall have
                           no further rights under this Agreement, except as
                           provided in Section 5.

                  (ii)     Unless the Executive's employment is terminated, this
                           Agreement may not be terminated by the Company during
                           the Agreement Term and before the CIC Date. From and
                           after the CIC Date, this Agreement may not be
                           terminated by the Company. This Agreement shall
                           supersede any other agreement between the parties
                           with respect to the subject matter hereof.

         (g)      Nondisclosure. Without obtaining the Company's prior written
                  consent, the Executive agrees that he or she will not disclose
                  the existence or the terms of this Agreement to any Person,
                  except for the Executive's advisors, beneficiaries and other
                  Persons that need to know about the Agreement. The Executive
                  agrees that no Person associated with the Company falls within
                  such exception that would permit disclosure by the Executive.

         (h)      Release. As a condition to the Company's obligation to pay the
                  Severance pursuant to Section 4(a)(i)(B) above, the Executive
                  must execute and deliver to the Company a release in
                  substantially the form of EXHIBIT A hereto.

         (i)      Employer Affiliate. Notwithstanding any indication in this
                  Agreement that the Executive is employed directly by the
                  Company, the parties acknowledge and agree that, on the date
                  of this Agreement, the Executive is employed directly either
                  by the Company or by an affiliate of the Company (the
                  "Employer Affiliate"). The parties further agree that the
                  provisions of this Agreement that provide for the Company to
                  have rights

                                     - 20 -
<PAGE>

                  or obligations or to take actions with respect to the
                  Executive's employment shall be interpreted to mean that
                  either the Company or the Employer Affiliate shall have such
                  rights and obligations and may take such actions. The Company
                  shall have the discretion to determine whether it or the
                  Employer Affiliate shall exercise such rights, fulfill such
                  obligations and take such actions, and, if the Company
                  determines that an obligation will be fulfilled by the
                  Employer Affiliate, the Company agrees to cause the Employer
                  Affiliate to fulfill such obligations as if the Employer
                  Affiliate were a party to this Agreement.

         IN WITNESS WHEREOF, the Executive has hereunto set the Executive's hand
and, pursuant to the authorization from its Board of Directors, the Company has
caused this Agreement to be executed in its name on its behalf by its
undersigned officer thereunto, duly authorized, all as of the day and year first
above written.

                                    ASSURANT, INC.

                                    By:  /s/ J. Kerry Clayton
                                        _______________________________________
                                            J. Kerry Clayton
                                            President and CEO

                                    EXECUTIVE

                                     /s/ Lesley Silvester
                                    ___________________________________________
                                    Lesley Silvester

                                     - 21 -
<PAGE>

                                    EXHIBIT A

                                 Form of Release

         This Release (this "Release") is granted effective as of the ______ day
of ___________________, ______, by ________________________ (the "Executive") in
favor of Assurant, Inc. (the "Company"). This is the Release referred to in that
certain Change in Control Severance Agreement dated as of ________, 200___ by
and between the Company and the Executive (the "CIC Agreement"). The Executive
gives this Release in consideration of the Company's promises and covenants as
recited in the CIC Agreement, with respect to which this Release is an integral
part.

         1. Release of the Company. The Executive, for [himself] [herself],
[his] [her] successors, assigns, attorneys, and all those entitled to assert
[his] [her] rights, now and forever hereby releases and discharges the Company
and its respective officers, directors, stockholders, trustees, employees,
agents, parent corporations, subsidiaries, affiliates, estates, successors,
assigns and attorneys (the "Released Parties"), from any and all claims,
actions, causes of action, sums of money due, suits, debts, liens, covenants,
contracts, obligations, costs, expenses, damages, judgments, agreements,
promises, demands, claims for attorney's fees and costs, or liabilities
whatsoever, in law or in equity, which the Executive ever had or now has against
the Released Parties, including any claims arising by reason of or in any way
connected with any employment relationship which existed between the Company or
any of its parents, subsidiaries, affiliates, or predecessors, and the
Executive. It is understood and agreed that this Release is intended to cover
all actions, causes of action, claims or demands for any damage, loss or injury,
which may be traced either directly or indirectly to the aforesaid employment
relationship, or the termination of that relationship, that the Executive has,
had or purports to have, from the beginning of time to the date of this Release,
whether known or unknown, that now exists, no matter how remotely they may be
related to the aforesaid employment relationship including but not limited to
claims for employment discrimination under federal or state law, except as
provided in Paragraph 2; claims arising under Title VII of the Civil Rights Act,
42 U.S.C. Section 2000(e), et seq. or the Americans With Disabilities Act, 42
U.S.C. Section 12101 et seq.; claims for statutory or common law wrongful
discharge, including any claims arising under the Fair Labor Standards Act, 29
U.S.C. Section 201 et seq.; claims for attorney's fees, expenses and costs;
claims for defamation; claims for wages or vacation pay; claims for benefits,
including any claims arising under the Employee Retirement Income Security Act,
29 U.S.C. Section 1001, et seq.; and provided, however, that nothing herein
shall release the Company of its obligations to the Executive under the CIC
Agreement or any other contractual obligations between the Company or its
affiliates and the Executive, or any indemnification obligations to Executive
under the Company's bylaws, certificate of incorporation, New York law or
otherwise.

         2. Release of Claims Under Age Discrimination in Employment Act.
Without limiting the generality of the foregoing, the Executive agrees that by
executing this Release, [he] [she] has released and waived any and all claims
[he] [she] has or may

<PAGE>

have as of the date of this Release for age discrimination under the Age
Discrimination in Employment Act, 29 U.S.C. Section 621, et seq. It is
understood that the Executive is advised to consult with an attorney prior to
executing this Release; that the Executive in fact has consulted a
knowledgeable, competent attorney regarding this Release; that the Executive
may, before executing this Release, consider this Release for a period of
twenty-one (21) calendar days; and that the consideration the Executive receives
for this Release is in addition to amounts to which the Executive was already
entitled. It is further understood that this Release is not effective until
seven (7) calendar days after the execution of this Release and that the
Executive may revoke this Release within seven (7) calendar days from the date
of execution hereof.

         The Executive agrees that [he] [she] has carefully read this Release
and is signing it voluntarily. The Executive acknowledges that [he] [she] has
had twenty one (21) days from receipt of this Release to review it prior to
signing or that, if the Executive is signing this Release prior to the
expiration of such 21-day period, the Executive is waiving [his] [her] right to
review the Release for such full 21-day period prior to signing it. The
Executive has the right to revoke this release within seven (7) days following
the date of its execution by [him] [her]. However, if the Executive revokes this
Release within such seven (7) day period, no severance benefit will be payable
to the Executive under the CIC Agreement and the Executive shall return to the
Company any such payment received prior to that date.

         THE EXECUTIVE HAS CAREFULLY READ THIS RELEASE AND ACKNOWLEDGES THAT IT
CONSTITUTES A GENERAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS AGAINST THE
COMPANY UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT. THE EXECUTIVE
ACKNOWLEDGES THAT [HE] [SHE] HAS HAD A FULL OPPORTUNITY TO CONSULT WITH AN
ATTORNEY OR OTHER ADVISOR OF THE EXECUTIVE'S CHOOSING CONCERNING [HIS] [HER]
EXECUTION OF THIS RELEASE AND THAT [HE] [SHE] IS SIGNING THIS RELEASE
VOLUNTARILY AND WITH THE FULL INTENT OF RELEASING THE COMPANY FROM ALL SUCH
CLAIMS.

                                    ______________________________________
                                    Executive

                                    Date: ________________________________

                                     - 23 -

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