Document:

exv10w209

Exhibit 10.209

SUMMARY

LIBERTY MUTUAL INSURANCE COMPANY

EXECUTIVE LONG TERM DISABILITY PLAN

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

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

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

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

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

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

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

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

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

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

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

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

Termination or Amendment of the Plan: The Company reserves the right to terminate or amend
the Plan at any time. Termination or amendment may impact benefits in pay status.exv10w210

Exhibit 10.210

Perquisites for Michael J. Fallon

	 	 	 

	TAX

PREPARATION

	 	Liberty provides you with confidential tax preparation services and tax planning advice.
The maximum annual Company contribution towards these services is $1,500. The tax
provider bills Liberty directly, up to the maximum contribution.
	 
	 	 
	 

	 	Liberty Mutual will pay the tax associated with the imputed income generated as a result of
receiving tax preparation services.

	 	 	 

	FINANCIAL

COUNSELING

	 	Liberty provides for reimbursement of confidential financial counseling and estate
planning services.

	 	 	 

	ESTATE

PLANNING

	 	The maximum amount of expense that is reimbursable is $10,000. This limit is intended to
cover a three year period. There is no carry over provision if expenses submitted for
reimbursement are less than the maximum. Liberty Mutual will pay the planner directly.
Billing should be submitted by the financial planner to Lori Andrews in H.O.
Compensation. The corporate tax identification number of the planner should be included
with the billing.
	 
	 	 
	 

	 	Liberty Mutual will pay the tax associated with the imputed income generated as a result of
receiving services from a certified financial planner.

	 	 	 

	EXECUTIVE

HEALTH

PROGRAM

	 	This is a completely voluntary program that includes an annual physical, with an emphasis
on preventive medicine. Expenses for the annual physical are paid for by the Company.
Please note, however, that any treatment or subsequent tests are not covered, and should
be submitted through your health insurance plan. If you have any questions, please
contact the Director of Safety and Health — Dane Bremer at Ext. 44574.

	 	 	 

	EXECUTIVE

LONG TERM

DISABILITY

	 	The purpose of this Plan is to provide Long Term Disability benefits to select key
Management employees of Liberty Mutual and its subsidiaries.
	 
	 	 
	 

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

PARKING

BENEFIT

	 	You are eligible for a 100% subsidized full-time parking benefit in Boston. If you would
like further information, please contact Phillip Salisbury in Home Office Admin. Svcs
(extension 45541). Liberty Mutual will pay the tax associated with the imputed income
generated as a result of receiving subsidized parking.

 

 

Perquisites for Michael J. Fallon

	 	 	 

	BUSINESS

LEADER

PROGRAM

	 	The objective of the Business Leader Program is to encourage Liberty’s executives to
provide leadership in the community. Each year you may identify one or more charitable
organizations that the Company will support with matching payments, provided you are
personally affiliated at the Board of Director or Trustee level of the organizations.
	 
	 	 
	 

	 	The match will be ten times your contribution, to an annual maximum of $7,500.
	 
	 	 
	 

	 	All organizations must be recognized as tax-exempt by the IRA under section 501 (c)(3) to
be eligible for funding. For further information please contact Gloria McPhail at ext. 41616

 

 

Perquisites for Joseph A. Gilles, Scott R. Goodby, and Michael H. Hughes

	 	 	 

	TAX

PREPARATION

	 	Liberty provides for reimbursement of confidential tax preparation services and tax
planning advice.
	 
	 	 
	 

	 	The maximum annual Company contribution towards these services is $2,000. The tax
provider bills Liberty directly, up to the maximum contribution.
	 
	 	 
	 

	 	Liberty Mutual will pay the tax associated with the imputed income generated as a result of
receiving tax preparation services.
	 
	 	 
	FINANCIAL

COUNSELING

	 	Liberty provides for reimbursement of confidential financial counseling and estate
planning services.
	 
	 	 
	ESTATE

PLANNING

	 	The maximum amount of expense that is reimbursable is $12,000. This limit is intended to
cover a three year period. There is no carry over provision if expenses submitted for
reimbursement are less than the maximum. Liberty Mutual will pay the planner directly.
Billing should be submitted by the financial planner to Lori Andrews in H.O.
Compensation. The corporate tax identification number of the planner should be included
with the billing.
	 
	 	 
	 

	 	Liberty Mutual will pay the tax associated with the imputed income generated as a result of
receiving services from a certified financial planner.
	 
	 	 
	EXECUTIVE

HEALTH

PROGRAM

	 	This is a completely voluntary program that includes an annual physical, with an emphasis
on preventive medicine. Expenses for the annual physical are paid for by the Company.
Please note, however, that any treatment or subsequent tests are not covered, and should
be submitted through your health insurance plan. If you should have any questions, please
contact the Director of Safety and Health — Dane Bremer at Ext. 44574.
	 
	 	 
	EXECUTIVE

LONG TERM

DISABILTY

	 	The purpose of this Plan is to provide Long Term Disability benefits to select key
Management employees of Liberty Mutual and its subsidiaries.
	 
	 	 
	 

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

 

 

Perquisites for Joseph A. Gilles, Scott R. Goodby, and Michael H. Hughes

	 	 	 

	EXECUTIVE

AUTOMOBILE

POLICY

	 	Structure: Liberty Mutual provides an Expense Allowance established by
executive Level. Maximum allowance effective immediately through October
2009:
	 
	 	 
	PLAN B

	 	Level II — $461.54 per pay period
	 
	 	 
	 

	 	This allowance will appear in the regular bi-weekly pay stub as an expense
allowance. Note that the amount of the allowance will be excluded from
company programs based on gross salary (TIP, pension, etc.) but included in
state, federal and FICA tax calculations.
	 
	 	 
	 

	 	The vehicle is leased or purchased by the executive rather than by Liberty
Mutual. There is no Company-determined date or mileage for vehicle
disposal.
	 
	 	 

	 	 	 	 	 

	 

	 	Vehicle Costs:	 	 
	 
	 	 	 	 
	 

	 	Vehicle
	 	Covered by the Expense Allowance
	 
	 	 	 	 
	 

	 	Maintenance
	 	Covered by the Expense Allowance
	 
	 	 	 	 
	 

	 	Insurance
	 	Covered by the Expense Allowance
	 
	 	 	 	 
	 

	 	Taxes &

Registration
	 	Covered by the Expense Allowance
	 
	 	 	 	 
	 

	 	Gasoline
	 	Not included in the Expense Allowance.
However, the Executive is reimbursed by Liberty Mutual for business miles
at the rate of $0.055 per mile.
	 
	 	 	 	 
	 

	 	Parking &

Tolls
	 	Not included in the Expense Allowance.
However, the executive is reimbursed by
Liberty Mutual on a dollar for dollar basis if the expense is incurred for
business reasons. Provided by executive, who is then reimbursed by Liberty
Mutual on a dollar for dollar basis if the expense is incurred for business
reasons.

	 	 	 

	 

	 	Personal Tax Treatment The stipend is reported as personal income. The
Executive may opt to report business mileage use on his/her tax return; the
Executive is responsible for maintaining his/her own personal records.
Corporate Taxation does not solicit mileage from Executives on Plan B. It
is recommended that Executives who elect to participate in Plan B consult a
tax advisor regarding deductible business expenses.
	 
	 	 
	BOSTON

PARKING

BENEFIT

	 	You are eligible for a 100% subsidized full-time parking benefit in Boston.
If you would like further information, please contact Phillip Salisbury in
Home Office Admin. Svcs (extension 45541). Liberty Mutual will pay the tax
associated with the imputed income generated as a result of receiving
subsidized parking.

 

 

Perquisites for Joseph A. Gilles, Scott R. Goodby, and Michael H. Hughes

	 	 	 

	BUSINESS

LEADER

PROGRAM

	 	The objective of the Business Leader Program is to encourage Liberty’s executives to
provide leadership in the community. Each year you may identify one or more charitable
organizations that the Company will support with matching payments, provided you are
personally affiliated at the Board of Director or Trustee level of the organizations.
	 
	 	 
	 

	 	The match will be ten times your contribution, to an annual maximum of $7,500.
	 
	 	 
	 

	 	All organizations must be recognized as tax-exempt by the IRA under section 501 (c)(3) to
be eligible for funding. For further information please contact Gloria McPhail at ext. 41616

 

 

Perquisites for Gary R. Gregg

	 	 	 

	TAX

PREPARATION

	 	Liberty provides for reimbursement of confidential tax preparation services and tax
planning advice.
	 
	 	 
	 

	 	The maximum annual Company contribution towards these services is $2,500. The tax
provider bills Liberty directly, up to the maximum contribution.
	 
	 	 
	 

	 	Liberty Mutual will pay the tax associated with the imputed income generated as a result of
receiving tax preparation services.
	 
	 	 
	FINANCIAL

COUNSELING

	 	Liberty provides for reimbursement of confidential financial counseling and estate
planning services.
	 
	 	 
	ESTATE

PLANNING

	 	The maximum amount of expense that is reimbursable is $14,000. This limit is intended to
cover a three year period. There is no carry over provision if expenses submitted for
reimbursement are less than the maximum. Liberty Mutual will pay the planner directly.
Billing should be submitted by the financial planner to Lori Andrews in H.O.
Compensation. The corporate tax identification number of the planner should be included
with the billing.
	 
	 	 
	 

	 	Liberty Mutual will pay the tax associated with the imputed income generated as a result of
receiving services from a certified financial planner.
	 
	 	 
	EXECUTIVE

HEALTH

PROGRAM

	 	This is a completely voluntary program that includes an annual physical, with an emphasis
on preventive medicine. Expenses for the annual physical are paid for by the Company.
Please note, however, that any treatment or subsequent tests are not covered, and should
be submitted through your health insurance plan. If you should have any questions, please
contact the Director of Safety and Health — Dane Bremer at Ext. 44574.
	 
	 	 
	EXECUTIVE

LONG TERM

DISABILTY

	 	The purpose of this Plan is to provide Long Term Disability benefits to select key
Management employees of Liberty Mutual and its subsidiaries.
	 
	 	 
	 

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

 

 

Perquisites for Gary R. Gregg

	 	 	 

	EXECUTIVE

AUTOMOBILE

POLICY

	 	Structure: Liberty Mutual provides an Expense Allowance established by
executive Level. Maximum allowance effective immediately through October
2009:
	 
	 	 
	 

	 	Level I — $560.77 per pay period
	 
	 	 
	PLAN B

	 	This allowance will appear in the regular bi-weekly pay stub as an expense
allowance. Note that the amount of the allowance will be excluded from
company programs based on gross salary (TIP, pension, etc.) but included
in state, federal and FICA tax calculations.
	 
	 	 
	 

	 	The vehicle is leased or purchased by the executive rather than by Liberty
Mutual. There is no Company-determined date or mileage for vehicle
disposal.

	 	 	 	 	 

	 

	 	Vehicle Costs:	 	 
	 
	 	 	 	 
	 

	 	Vehicle
	 	Covered by the Expense Allowance
	 
	 	 	 	 
	 

	 	Maintenance
	 	Covered by the Expense Allowance
	 
	 	 	 	 
	 

	 	Insurance
	 	Covered by the Expense Allowance
	 
	 	 	 	 
	 

	 	Taxes &

Registration
	 	Covered by the Expense Allowance
	 
	 	 	 	 
	 

	 	Gasoline
	 	Not included in the Expense Allowance.
However, the Executive is reimbursed by Liberty Mutual for business miles
at the rate of $0.055 per mile.
	 
	 	 	 	 
	 

	 	Parking &

Tolls
	 	Not included in the Expense Allowance.
However, the executive is reimbursed by
Liberty Mutual on a dollar for dollar basis if the expense is incurred for
business reasons. Provided by executive, who is then reimbursed by Liberty
Mutual on a dollar for dollar basis if the expense is incurred for
business reasons.

	 	 	 

	 

	 	Personal Tax Treatment The stipend is reported as personal income. The
Executive may opt to report business mileage use on his/her tax return;
the Executive is responsible for maintaining his/her own personal records.
Corporate Taxation does not solicit mileage from Executives on Plan B. It
is recommended that Executives who elect to participate in Plan B consult
a tax advisor regarding deductible business expenses.
	 
	 	 
	BOSTON

PARKING

BENEFIT

	 	You are eligible for a 100% subsidized full-time parking benefit in
Boston. If you would like further information, please contact Phillip
Salisbury in Home Office Admin. Svcs (extension 45541). Liberty Mutual
will pay the tax associated with the imputed income generated as a result
of receiving subsidized parking.

 

 

Perquisites for Gary R. Gregg

	 	 	 

	BUSINESS

LEADER

PROGRAM

	 	The objective of the Business Leader Program is to encourage Liberty’s executives to
provide leadership in the community. Each year you may identify one or more charitable
organizations that the Company will support with matching payments, provided you are
personally affiliated at the Board of Director or Trustee level of the organizations.
	 
	 	 
	 

	 	The match will be ten times your contribution, to an annual maximum of $7,500.
	 
	 	 
	 

	 	All organizations must be recognized as tax-exempt by the IRA under section 501 (c)(3) to
be eligible for funding. For further information please contact Gloria McPhail at ext. 41616

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