Document:

EX-10.2.13

Exhibit 10.2.13

AMENDMENT TO RESTRICTED STOCK

AND RESTRICTED STOCK UNIT AGREEMENT

          THIS AMENDMENT TO RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT (the “Amendment”) is
made and effective as of December 2, 2008.

          WHEREAS, MGIC Investment Corporation, a Wisconsin corporation (the “Company”), and
                     have entered into certain Restricted Stock and Restricted Stock Unit Agreements.
Under the Restricted Stock and Restricted Stock Unit Agreements entered into in 2005, 2006 and 2007
(the “Agreements”), the Company may amend the definition of Change in Control of the Company to
conform the definition to Internal Revenue Code Section 409A. The changes to the Agreements made
pursuant to this Amendment are being made in connection with the Company’s right to so amend the
Agreements.

          NOW, THEREFORE, the Agreements are hereby amended in the manner set forth below:

          1. Definition of Change in Control of the Company. The Agreements are hereby amended,
with respect to Restricted Stock Unit awards subject to Internal Revenue Code Section 409A, to
replace the existing definition of Change in Control of the Company with the definition of Change
in Control of the Company included in the Restricted Stock and Restricted Stock Unit Agreements
entered into by the Company and certain of its employees dated as of February 28, 2008 (the “2008
Agreements”). The definition of Change in Control of the Company included in the 2008 Agreements
can be found in Exhibit 10.2.9 of the Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission by the Company on May 12, 2008.

          2. Continuing Effect of the Agreement. Except as set forth above, the provisions of
the Agreements are and shall remain in full force and effect. From and after the date hereof, all
references made in each Agreement to “the Agreement” and “this Agreement” shall be a reference to
the Agreement as amended by this Amendment.

          3. Governing Law. This Amendment shall be governed and construed in accordance with
the laws of the State of Wisconsin applicable to contracts made and to be performed therein between
residents thereof.

          IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its duly
authorized officer.

	 	 	 	 	 	 	 
	 	 	MGIC INVESTMENT CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

Ralph J. Gundrum
	 	 
	 

	 	Title:
	 	Assistant SecretaryEX-10.2.14

Exhibit 10.2.14

AMENDMENT TO RESTRICTED STOCK

AND RESTRICTED STOCK UNIT AGREEMENT

          THIS AMENDMENT TO RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT (the “Amendment”) is
made and entered into as of the date indicated below under “Date of Agreement” by and between MGIC
Investment Corporation, a Wisconsin corporation (the “Company”), and the director of MGIC
Investment Corporation whose signature is set forth on the signature page hereto (the “Director”).

          WHEREAS, The Company and Director have entered into Restricted Stock and Restricted Stock Unit
Agreements (the “Agreements”). Both the Company and the Director desire to amend the Agreements as
set forth below.

          NOW, THEREFORE, the Agreements are hereby amended in the manner set forth below:

          1. Definition of Change in Control of the Company. The Agreements are hereby amended,
with respect to Restricted Stock Unit awards subject to Internal Revenue Code Section 409A, to
replace the existing definition of Change in Control of the Company with the definition of Change
in Control of the Company included in the Restricted Stock and Restricted Stock Unit Agreements
entered into by the Company and its directors dated as of February 28, 2008 (the “2008
Agreements”). The definition of Change in Control of the Company included in the 2008 Agreements
can be found in Exhibit 10.2.11 of the Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission by the Company on May 12, 2008.

          2. Separation of Service. The second sentence in Section 9(d) of each of the
Agreements is hereby deleted and replaced by the following sentence:

RSUs that have vested shall be settled by the delivery of one share of Stock for each RSU as
promptly as practicable, and in no event more than 90 days after the Director ceases to be a
Director of the Company and has a “separation from service” with the Company, defined as a
good-faith and complete termination of the relationship with the Company in accordance with
Treasury Regulation 1.409A-1(h), which is incorporated herein by this reference.

          3. Gross-Up. The following will be added to the Agreements as a new Section 14(h):

(h) If any payment or benefit (or any acceleration of any payment or benefit)
made or provided to the Director or for the Director’s benefit in connection with this
Agreement (the “Payments”) are determined to be subject to the interest charges and taxes
imposed by Section 409A(a)(1)(B) of the Code, or any state, local, or foreign taxes of a
similar nature, or any interest charges or penalties with respect to such taxes (such
taxes, together with any such interest charges and penalties, are collectively referred to
as the “Section 409A Tax”), then the Company shall pay the Director, within 30 days after
the date on which the Director provides the Company with a written request for reimbursement
thereof (accompanied by proof of taxes paid), but in no event later than the end of the
calendar year following the year in which the Director remits the Section 409A tax to the
Internal Revenue Service or other applicable taxing authority, an additional amount (the

 

 

“Section 409A Gross-Up Payment”); provided, however, that any Section 409A Gross-Up Payment
shall be reduced to the extent that the Section 409A Tax payable is due to the direct fault
of the Director. The Section 409A Gross-Up Payment shall, subject to the proviso at the end
of the previous sentence, be such that the net amount retained by the Director after
deduction of the Section 409A Tax (but not any federal, state, or local income tax or
employment tax) and any federal, state, or local income tax, or employment tax upon the
payment provided for by this Subsection 14(h) shall be equal to the Payments. For purposes
of determining the amount of the Section 409A Gross-Up Payment, the Director shall be deemed
to pay federal income tax and employment taxes at the highest marginal rate of federal
income and employment taxation in the calendar year in which the Section 409A Gross-Up
Payment is to be made and state and local income taxes at the highest marginal rate of
taxation in the state and locality of the Director’s domicile for income tax purposes on the
date the Section 409A Gross-Up Payment is made, net of the maximum reduction in federal
income taxes that may be obtained from the deduction of such state and local taxes. The
Company and the Director shall reasonably cooperate with each other in connection with any
administrative or judicial proceedings concerning the existence or amount of liability for
Section 409A Tax with respect to the Payments, and the Director shall, if reasonably
requested by the Company, contest any obligation to pay a Section 409A Tax for which a
Section 409A Gross-Up Payment is owed. If, as a result thereof, the Director receives a tax
refund or credit for any Section 409A Tax previously paid with respect to any Payments for
which a Section 409A Gross-Up Payment was paid, the Director shall return to the Company an
amount equal to such refund or credit.

          4. Continuing Effect of the Agreement. Except as set forth above, the provisions of
the Agreements are and shall remain in full force and effect. From and after the date hereof, all
references made in each Agreement to “the Agreement” and “this Agreement” shall be a reference to
the Agreement as amended by this Amendment.

          5. Governing Law. This Amendment shall be governed and construed in accordance with
the laws of the State of Wisconsin applicable to contracts made and to be performed therein between
residents thereof.

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

Date of Agreement: As of December 2, 2008

	 	 	 	 	 	 	 	 	 
	MGIC INVESTMENT CORPORATION	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 
	 

	 	 

     Ralph J. Gundrum
	 	 	 	 

[Name of Director]
	 	 
	 

	 	     Assistant Secretaryexv10w2w15

Exhibit 10.2.15

RESTRICTED STOCK AND RESTRICTED STOCK UNIT AGREEMENT

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

INTRODUCTION

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

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

          The parties mutually agree as follows:

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

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

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

 

 

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

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

          Date of Agreement: As of                     

	 	 	 	 	 
	 	MGIC INVESTMENT CORPORATION

 	 
	 	By:  	
 	 
	 	 	Title:   Assistant Secretary 	 
	 	 	 	 
	 

	 	 	 
	Sign Here:

	 	(SEAL)

	 

	 	 
	 

	 	Name:
	 

	 	Shares of Base Restricted Stock:
	 

	 	Shares of Matching Restricted Stock:
	 

	 	Time Vested Restricted Stock Units:
	 
	 	 
	 

	 	Performance Restricted Stock Units:
	 
	 	 
	 

	 	Base Restricted Stock Release Date:
	 
	 	 
	 

	 	Matching Restricted Stock Release Date:
	 
	 	 
	 

	 	Time Vested RSUs Release Date:
	 
	 	 
	 

	 	Performance RSUs Release Date:
	 
	 	 
	 

	 	Holding Period:
	 
	 	 
	 

	 	Threshold Expense Ratio:
	 

	 	Target Expense Ratio:

-2-

 

	 	 	 
	 

	 	Maximum Expense Ratio:
	 
	 	 
	 

	 	Threshold Loss Ratio:
	 

	 	Target Loss Ratio:
	 

	 	Maximum Loss Ratio:
	 
	 	 
	 

	 	Threshold Share:
	 

	 	Target Share:
	 

	 	Maximum Share:
	 
	 	 
	 

	 	Goal:

               * * * *

	 	 	 	 	 
	 	Beneficiary:         
               
               
               
              

	 
	 	Address of Beneficiary:

 	 
	 	

 	 
	 
	 	 	 
	 	
 	 
	 	 	 
	 	Beneficiary Tax Identification 	 
	 	No:         
               
               
               
               
            

 	 
	 	 	 
	 	 	 
	 

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