Document:

Short-Term Incentive Plan

  
 Exhibit 10.28 
  
 CONSTAR INTERNATIONAL INC. 
 SHORT-TERM INCENTIVE PLAN 
  
 SECTION 1.    ESTABLISHMENT AND PURPOSE 
  
 1.1  Effective Date and Establishment of the Plan.    The Company hereby establishes the Constar International Inc. Short-Term Incentive Plan, as amended from time
to time, to permit the awarding of bonuses to eligible Employees, based on the achievement of certain pre-established performance goals. 
  
 Subject to approval by the stockholders of the Company, the Plan shall become effective as of the effective date of the Company’s initial public offering and shall continue until terminated by the Company pursuant to
Section 9. No bonus shall be made pursuant to the Plan after its termination date; provided that bonuses granted prior to the termination date may extend and be paid beyond that date. 
  
 1.2  Purpose.    The purposes of the Plan are to (i) align compensation with key financial and business plan objectives, (ii) enhance
shareholder value, (iii) communicate the drivers of success of the business, (iv) focus on pay-for-performance, (v) provide Participants with an incentive for excellence in individual performance and to promote teamwork among participants, and (vi)
allow Participants to share in the success of the Company. 
  
 The Plan is intended to secure the full deductibility
of incentive awards payable to the Executive Officers. All compensation payable under this Plan to Executive Officers is intended to be deductible by the Company under Section 162(m) of the Code. 
  

SECTION 2.    DEFINITIONS 
  
 As used in the Plan, the following terms shall have the meanings set forth below (unless otherwise expressly provided). 
  
 “Award Opportunity” means the various levels of incentive awards which a Participant may earn under the Plan, as established by the Committee pursuant to Section 5.1. 
  
 “Base Salary” shall mean the regular base salary earned by a Participant during the Plan Year prior to any salary
reduction contributions made to any of the Company’s deferred compensation plans, except as otherwise determined by the Committee in its sole discretion. 
  
 “Board” means the Board of Directors of the Company. 
  
 “Code” means the Internal Revenue Code of 1986, as amended. 
  
 “Committee” means the Compensation Committee of the Board, provided that such committee shall consist of two (2) or more individuals, appointed by the Board to administer the Plan, pursuant to Section 3, who
are “outside directors” to the extent required by and within the meaning of Section 162(m) of the Code, as amended from time to time. 

 
 1 

  
 “Company” means Constar International Inc. a corporation
organized under the laws of the State of Delaware, and any successor thereto. 
  
 “Disability” means
an Employee’s inability to render, for a period of six consecutive months, services to the Company by reason of permanent disability, as determined by the written medical opinion of an independent medical physician reasonably acceptable to the
Company. In no event shall an Employee be considered disabled for the purposes of this Plan unless the Employee is deemed disabled pursuant to the Company’s long-term disability plan, if one is maintained by the Company. 

 
 “Effective Date” means the date the Plan becomes effective, as set forth in Section 1.1 herein. 

 
 “Employee” means an officer or other key employee of the Company or a Subsidiary including a director who is
such an employee. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time
to time. 
  
 “Executive Officer” shall mean a “covered employee” as described in Section
162(m) of the Code or any other executive officer designated by the Committee for purposes of exempting distributions under the Plan from Section 162(m) of the Code. 
  
 “Final Award” means the actual amount earned during a Plan Year by a Participant, as determined by the Committee after the end of such Plan Year.

  
 “Financial” shall mean the corporate financial performance of the Company. 

 
 “Non-financial” shall mean the non-financial performance of the Company’s operations designated as such
by the Chief Executive Officer and approved by the Committee for purposes of the Plan, such as a business unit, Subsidiary, organizational unit, division or other such segmentation. 
  
 “Participant” means an Employee who is participating in the Plan pursuant to Section 4. 
  
 “Plan” means the Constar International Inc. Short-Term Incentive Plan, as amended from time to time. 
  

“Plan Year” means the Company’s fiscal year, commencing on each January 1 and ending on each December 31; provided, however, that for
purposes of this Plan, the first Plan Year shall be the period beginning on the Effective Date and ending on December 31, 2002. 
  
 “Retirement” means, with respect to any Participant, resignation or termination of employment after attainment of an age regarded by the Company or, if applicable, a Subsidiary as the normal retirement age for its
employees in general, based upon the Company’s or the Subsidiary’s general employment and related policies and practices. 

 
 2 

  
 “Subsidiary” means any (i) corporation if fifty percent (50%) or
more of the total combined voting power of all classes of stock is owned, either directly or indirectly, by the Company or another Subsidiary or (ii) limited liability company if fifty percent (50%) or more of the membership interests is owned,
either directly or indirectly, by the Company or another Subsidiary. 
  
 “Target Incentive Award”
means the award to be paid to a Participant when 100% of performance measures are achieved, as established by the Committee. 
  
 SECTION
3.    ADMINISTRATION 
  
 The Plan shall be administered by the Committee. Except with respect
to the matters that under Section 162(m) of the Code and Treasury Regulation Section 1.162-27(e) are required to be determined or established by the Committee to qualify awards under the Plan as qualified performance-based compensation, the
Committee shall have the power to delegate to any officer or employee of the Company the authority to administer and interpret the procedural aspects of the Plan, subject to the Plan’s terms, including adopting and enforcing rules to decide
procedural and administrative issues. 
  
 The Committee shall employ such legal counsel, independent auditors and
consultants as it deems appropriate for the administration of the Plan and shall be entitled to rely in good faith upon any report, calculation or other information furnished to it by any officer or employee of the Company or from the financial,
accounting, legal or other advisers of the Company. 
  
 Subject to the limitations set forth herein, the Committee
shall: (i) select from the Employees, those who shall participate in the Plan, (ii) grant Award Opportunities in such forms and amounts as it shall determine, (iii) impose such limitations, restrictions and conditions upon such awards as it shall
deem appropriate, (iv) interpret the Plan and adopt, amend and rescind administrative guidelines and other rules and regulations relating to the Plan, (v) make any and all legal and factual determinations in connection with the administration and
interpretation of the Plan, (vi) correct any defect or omission or reconcile any inconsistency in this Plan or in any Award Opportunity granted hereunder and (vii) make all other necessary determinations and take all other actions necessary or
advisable for the implementation and administration of the Plan. The Committee’s determinations, subject to ratification by the Board, shall be conclusive and binding upon all parties. 
  

SECTION 4.    ELIGIBILITY AND PARTICIPATION 
  
 4.1  Eligibility.    Each Employee who is recommended by the Chief Executive Officer of the Company to participate in the Plan, and who is approved by the Committee, shall participate in the Plan
for such Plan Year, subject to the limitations of Section 7 herein. 
  
 4.2  Participation.     Participation in the Plan shall be determined annually by the Committee based upon the criteria set forth herein. Employees who are eligible to participate in the Plan
shall be notified of the performance goals and related Award Opportunities for the relevant Plan Year, as soon as practicable. 

 
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 4.3  Partial Plan Year Participation.    In
the event that an Employee becomes eligible to participate in the Plan subsequent to the commencement of a Plan Year, then such Employee’s Final Award shall be based on the Base Salary earned as an eligible Employee. 
  
 4.4  No Right to Participate.    No Participant or other Employee shall at any time have a right to
participate in the Plan for any Plan Year, regardless of whether he or she participated in the Plan during a prior Plan Year. 
  
 SECTION
5.    AWARD DETERMINATION 
  
 5.1  Performance
Goals.    Prior to the beginning of each Plan Year, or as soon as practicable thereafter (but in no event more than ninety (90) days from the beginning of such Plan Year), the Committee shall, in its sole discretion, approve
or establish in writing the performance goals for that Plan Year. For any performance period that is less than twelve months, the performance goals shall be established before twenty-five percent (25%) of the relevant performance period has lapsed.

  
 The performance goals may include, without limitation, any combination of Financial, Non-financial and individual
performance goals, as determined by the Committee. Performance measures and their relative weight may vary by job classification. The Committee also shall have the authority to exercise subjective discretion in the determination of Final Awards, as
well as the authority to delegate the ability to exercise subjective discretion in this respect. 
  
 The Committee
also may establish one or more Company-wide performance goals which must be achieved for any Participant to receive an award for that Plan Year. 
  
 The performance period with respect to which awards may be payable under the Plan shall generally be the Plan Year; provided, however, that the Committee shall have the authority and
discretion to designate different performance periods under the Plan. 
  
 5.2  Objective Compensation
Formula.    Prior to the beginning of each Plan Year, or as soon as practicable thereafter (but in no event more than ninety (90) days from the beginning of such Plan Year), the Committee shall approve or establish in writing
the objective compensation formula or standard for that Plan Year. Such objective compensation formula or standard shall be the method for computing the amount of compensation payable to the Participant if the performance goals are attained. The
formula or standard is objective if a third party having knowledge of the relevant performance results could calculate the amount to be paid to a Participant. 
  
 5.3  Award Opportunities.    Prior to the beginning of each Plan Year, or as soon as practicable thereafter (but in no event more than ninety (90) days from the
beginning of such Plan Year), the Committee shall establish an Award Opportunity for each Participant. Such Award Opportunity may vary in relation to the job classification of each Participant. In the event a Participant changes job levels during a
Plan Year, the Participant’s Award Opportunity may be adjusted to reflect the amount of time at each job level during the Plan Year. 

 
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 5.4  Adjustment of Performance Goals.    The
Committee shall have the right to adjust the performance goals and the Award Opportunities (either up or down) during a Plan Year, to the extent permitted by Code Section 162(m) and the regulations and interpretative rulings thereunder, if it
determines that external changes or other unanticipated business conditions have materially affected the fairness of the goals and have unduly influenced the Company’s ability to meet them. Further, in the event of a Plan Year of less than
twelve (12) months, the Committee shall have the right to adjust the performance goals and the Award Opportunities accordingly. 
  
 5.5  Final Award Determinations.    At the end of each Plan Year, Final Awards shall be computed for each Participant as determined by the Committee. Each such award shall be based upon (i) the
Participant’s Target Incentive Award percentage, multiplied by his Base Salary, in whole or in part (or other preestablished objective compensation formula in accordance with Section 5.2), and (ii) the attainment of Financial, Non-financial and
individual performance goals. Final Award amounts may vary above or below the Target Incentive Award, based on the level of achievement of the pre-established Financial, Non-financial, and individual performance goals. Notwithstanding the foregoing,
the Committee shall have, in its sole discretion, the right to reduce or eliminate the compensation or other economic benefit upon attainment of Financial, Non-financial and individual performance goals. 
  
 5.6  Limitations.    The amount payable to a Participant for any calendar year shall not exceed 90
percent the Participant’s Base Salary. 
  
 SECTION 6.    PAYMENT OF FINAL AWARDS 
  
 6.1  Form and Timing of Payment.    Within 60 days after the end of each Plan Year, the Committee
shall certify in writing the extent to which the Company and each Participant has achieved the performance goals for such Plan Year, including the specific target objective(s) and the satisfaction of any other material terms of the awards, and the
Committee shall calculate the amount of each Participant’s incentive award for the relevant period. Subject to Section 7, Final Award payments are payable to the Participant, or to his estate in the case of death, in a single cash payment
within 75 days after the end of each Plan Year. 
  
 6.2  Payment of Partial
Awards.    In the event a Participant no longer meets the eligibility criteria as set forth in the Plan during the course of a particular Plan Year, the Committee may, in its sole discretion, compute and pay a partial award
for the portion of the Plan Year that an Employee was a Participant. 
  
 6.3  Unsecured
Interest.    No Participant or any other party claiming an interest in amounts earned under the Plan shall have any interest whatsoever in any specific asset of the Company. To the extent that any party acquires a right to
receive payments under the Plan, such right shall be equivalent to that of an unsecured general creditor of the Company. 

 
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 SECTION 7.    TERMINATION OF EMPLOYMENT 
  
 7.1  Termination of Employment Due to Death, Disability, or Retirement.    In the event a
Participant’s employment is terminated by reason of death, Disability, or Retirement, the Final Award determined in accordance with Section 5.4 herein shall be reduced to reflect participation in the Plan prior to such termination only. In the
case of a Participant’s Disability, termination of employment shall be deemed to have occurred on the date the Committee determines that the requirements of Disability have been satisfied. 
  

The Final Award thus determined shall be payable to such Participant at the time that the Final Awards for such Plan Year would otherwise be payable to active
Participants. 
  
 7.2  Termination of Employment for Other Reasons.    In the
event a Participant’s employment is terminated for any reason other than Death, Disability, or Retirement prior to the last day of the performance period, all of the Participant’s rights to such Final Award shall be forfeited.

  
 SECTION 8.    RIGHTS OF PARTICIPANTS 
  
 8.1  Employment.    Nothing in the Plan shall interfere with or limit in any way the right of the Company to terminate a
Participant’s employment at any time or confer upon any Participant any right to continue in the employ of the Company. 
  
 8.2  Nontransferability.    No right or interest of any Participant in the Plan shall be assignable or transferable, or subject to any lien, directly, by operation of law, or otherwise, including,
but not limited to, execution, levy, garnishment, attachment, pledge, and bankruptcy. 
  
 SECTION 9.    AMENDMENT AND
MODIFICATION 
  
 The Board or the Committee, in its sole discretion, without notice, at any time and from time to
time, may modify or amend, in whole or in part, any or all of the provisions of the Plan, or suspend or terminate it entirely; provided, however, that no such modification, amendment, suspension, or termination may, without the consent of a
Participant, reduce the right of a Participant to a payment or distribution hereunder which he has already earned and to which he is otherwise entitled. 
  
 SECTION 10.    MISCELLANEOUS 
  
 10.1  Governing
Law.    The Plan, and all agreements hereunder, shall be governed by and construed in accordance with the laws of the State of Delaware. 
  
 10.2  Withholding Taxes.    The Company shall have the right to deduct from all payments under the Plan any Federal, state, or local income and employment taxes
required by law to be withheld with respect to such payments. 
  
 10.3  Gender and
Number.    Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine, the plural shall include the singular, and the singular shall include the plural. 

 
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 10.4  Severability.    In the event any
provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan and the Plan shall be construed and enforced as if the illegal or invalid provision had not been
included. 
  
 10.5  Costs of the Plan.    All costs of implementing and
administering the Plan shall be borne by the Company. 
  
 10.6  Successors.    All obligations of the Company under the Plan shall be binding upon and inure to the benefit of any successor to the Company, whether the existence of such successor is the
result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 
  
 10.7  Meaning of “Company”.    Any reference to the Company includes, if and to the extent applicable, a reference to any Subsidiary. 

 
 To record the adoption of the Plan, the Company has caused its authorized officers to affix its corporation name and seal this
             day of                             ,
2002. 
  
 
	 [CORPORATE SEAL]
 	 	  	 	 CONSTAR INTERNATIONAL INC. 
 
	 
	 Attest:
 	 	 
	 	  	 	 By:
 	 	 

 

 
 7Settlement Agreement dated October 9, 2002

  
 SETTLEMENT AGREEMENT 
  

 
 This Settlement Agreement (the “Agreement”), is made as of October 9, 2002, by and between Gary J. Missigman
(“Missigman”), individually and as debtor and debtor-in-possession, and USI Northeast, Inc. (“USI Northeast”). Missigman and USI Northeast are referred to collectively herein as the “Parties”. U.S.I. Holdings
Corporation (“USI Holdings”) is a signatory to this Agreement only as a guarantor under Paragraph 2 hereof. 
  
 WHEREAS, Missigman was formerly employed by USI Northeast, and such employment terminated in March 1999; 
  
 WHEREAS, on July 1, 1999, Missigman commenced a federal court action against USI Northeast and The Zurich American Insurance Company (“Zurich”) in the United States District Court for the Southern District of New York,
Gary J. Missigman v. USI Northeast, Inc. and The Zurich American Insurance Company, 99 Civ. 4763 (CM) (the “Litigation”); 
  
 WHEREAS, USI Northeast has answered the complaint and denied having any liability to Missigman and has asserted counterclaims against Missigman; 
  

WHEREAS, pursuant to a February 7, 2001 Memorandum Decision and Order, the Court granted in part and denied in part USI Northeast’s motion for summary judgment,
granted Zurich’s motion for summary judgment and denied Missigman’s motion for summary judgment on USI Northeast’s counterclaims; 

 
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 WHEREAS, on December 17, 2001, Missigman and Melinda Missigman filed a
Voluntary Petition commencing a Chapter 11 bankruptcy case, In re Gary and Melinda Missigman, No. 01-51490-ahws (the “Bankruptcy Case”), in the United States Bankruptcy Court for the District of Connecticut (the “Bankruptcy
Court”); 
  
 WHEREAS, Missigman is a debtor-in-possession in the Bankruptcy Case, and his claims in the
Litigation are property of the bankruptcy estate (the “Bankruptcy Estate”) pursuant to 11 U.S.C. § 541; 
  
 WHEREAS, USI Northeast has filed a proof of claim in the Bankruptcy Case; and 
  
 WHEREAS, the
Parties wish to avoid the inherent burden, expense and uncertainties associated with litigation and to resolve and settle the claims and controversies between them, and to provide for certain agreement upon the terms and conditions set forth in this
Agreement. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties, intending to be legally bound, agree as follows: 

 
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	 	1.
	Bankruptcy Court Approval 
 

  
 This Agreement is contingent upon approval by the Bankruptcy Court pursuant to Rule 9019 of the Bankruptcy Rules. This Agreement shall not be effective until an order is entered by the Bankruptcy Court approving this
Agreement and such order shall not be subject to stay, modification, reconsideration or appeal (the “Effective Date”). 
  

	 	2.
	Payment 
 

  
 As a full and final settlement of the Litigation and in consideration for the releases and other considerations set forth herein, USI Northeast shall pay the amount of $750,000 in cash or cash equivalent (the “Settlement
Amount”) into an interest bearing account of Zeisler & Zeisler, P.C. to be disbursed pursuant to further order of the Bankruptcy Court. The Settlement Amount shall be paid on or before the later of (i) seven days after the Effective Date or
(ii) January 3, 2002. 
  
 USI Holdings guarantees the payment of the Settlement Amount in the event USI
Northeast shall fail to make payment thereof. If, within ninety (90) days of payment of the Settlement Amount, there is a bankruptcy filing or other insolvency proceedings by or against the payor of the Settlement Fund (whether USI Northeast or USI
Holdings) that requires Missigman to return any portion of the Settlement Fund, this Agreement shall be null and void ab initio. 

 
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	 	3.
	Release By Missigman 
 

  
 Missigman, for himself and the Bankruptcy Estate, releases and discharges USI Holdings, USI Northeast, Zurich, each of their present and former parents, subsidiaries, and affiliates, and each of their present and former officers,
directors, employees, attorneys, insurers, agents, heirs, executors, administrators, successors and assigns (together, the “USI-Zurich Releasees”), from all actions, causes of action, suits, debts, dues, sums of money, accounts,
reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims and demands whatsoever, in law, admiralty or equity (collectively, a
“Claim”), which against any of the USI-Zurich Releasees, Missigman or his heirs, executors, administrators, successors and assigns ever had, now have or hereafter can, shall or may have, for, upon, or by reason of any matter, cause or
thing whatsoever from the beginning of the world to the day of the date of this release. 
  
 Without limiting the
foregoing, Missigman specifically acknowledges that this release is intended to and does release: 
  
 (a)    any claims arising out of his employment or the termination thereof; 
  
 (b)    any claims arising under the Age Discrimination in Employment Act (“ADEA”), as amended, 29 U.S.C. § 621 etseq.; 
  
 (c)    any claims arising under the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1000 etseq.; and 

 
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 (d)    any claims arising under any federal, state, or local civil rights,
human rights, anti-discrimination, employment discrimination or harassment, labor, employment, contract or libel or other tort law, rule, regulation, order or decision, including, without limitation, the Family and Medical Leave Act of 1993, 29
U.S.C. § 2601 etseq., Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 etseq., Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e etseq., the federal Civil Rights Act of 1991, as each of these laws has been
amended. 
  

	 	4.
	Release By USI Northeast and USI Holdings 
 

  
 USI Northeast, USI Holdings and each of their former and present parents, subsidiaries, affiliates, heirs, executors, administrators, successors and assigns (together, the “USI Releasors”)
each releases and discharges Missigman and his present and former attorneys, insurers, agents, heirs, executors, administrators, successors and assigns (together, the “Missigman Releasees”), from all actions, causes of action, suits,
debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims and demands whatsoever, in law, admiralty
or equity, which against any of the Missigman Releasees, the USI Releasors ever had, now have or hereafter can, shall or may have, for, upon, or by reason of any matter, cause or thing whatsoever from the beginning of the world to the day of the
date of this release. 
  

	 	5.
	Released Claims 
 

  
 Each of the Parties agrees and covenants that it will not file or cause to be filed any lawsuit, arbitration or other proceeding asserting any Claim released by the foregoing 

 
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 releases. In the event a Party files any such lawsuit, arbitration or other proceeding, the Party so filing will indemnify the other
Party for all costs incurred in defending against such proceeding, including attorneys fees. 
  

	 	6.
	Effectiveness of Releases 
 

  
 The general releases set forth in Paragraph 3 and 4 above shall not take effect until payment of the Settlement Amount has been made pursuant to Paragraph 2. 
  

	 	7.
	Dismissal of the Litigation 
 

  
 Upon execution of this Agreement, Missigman and USI Northeast shall jointly inform the Court in the Litigation of the Agreement and request that the Litigation be stayed or otherwise ordered inactive pending Bankruptcy Court
approval of the Agreement and payment of the Settlement Amount. Upon the execution of this Agreement, the Parties, through their counsel, shall execute the Stipulation annexed hereto as Exhibit A. Counsel for Missigman shall cause the executed
Stipulation to be filed with the Court promptly after payment of the Settlement Amount. 
  

	 	8.
	Disallowance of Proof of Claim 
 

  
 On the Effective Date, USI Northeast’s POC shall be deemed disallowed. 

 
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	 	9.
	No Admission of Liability 
 

  
 Neither this Agreement, nor anything contained herein shall be construed as an admission by any Party that it has in any respect violated or abridged any Federal, State, or local law or any contractual or other right or
obligation that it may owe or may have owed to any other party. 
  

	 	10.
	Right of Revocation 
 

  
 Although this Agreement is dated as of October 9, 2002 and has been executed as of that day, the parties acknowledge that Missigman shall have a period of twenty-one (21) days from October 9, 2002 in which he may consider and revoke
this Agreement. Missigman acknowledges that this provision provides him with more than seven (7) days in which to revoke the Agreement after its execution. 
  
 In the event Missigman revokes this Agreement pursuant to the foregoing paragraph or asserts that the release executed by him as contemplated by this Agreement is invalid on the grounds that his entry
into this Agreement was not knowing or voluntary within the meaning of the Older Workers Benefit Protection Act of 1990, this Agreement shall be null and void and Missigman agrees to repay promptly all amounts paid to him pursuant to this Agreement,
and the Stipulation annexed as Exhibit A shall not be filed and shall be null and void. 

 
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	 	11.
	Governing Law 
 

  
 This Agreement shall be subject to, governed by, and construed and enforced pursuant to the laws of the State of New York without regard to its choice of law principles. 
  

	 	12.
	Entire Agreement and Severability 
 

  
 This Agreement constitutes the entire agreement between and among the Parties regarding the subject matter hereof, superseding all prior written and oral agreements. Without limiting the foregoing, the
Parties expressly agree that any and all prior oral or written agreements concerning the employment of Missigman are terminated, canceled and of no further force or effect. 
  
 With respect to the subject matter of this Agreement, no Party shall be bound by any representations, warranties, promises, statements or information unless set forth
herein. If any provision of this Agreement is held to be invalid, the remaining provisions shall remain in full force and effect. This Agreement has been jointly drafted by the Parties, none of whom shall be deemed to be its drafter for purposes of
any rule of law which construes a document against the person who drafted it. 
  

	 	13.
	Voluntary Execution And Representation By Counsel 
 

  
 The Parties acknowledge that they have carefully read this Agreement and understand all of its terms including the full and final release of claims set forth above. The Parties 

 
 -9- 

 
 further acknowledge that they have voluntarily entered into this Agreement; that they have not relied upon any representation or
statement, written or oral, not set forth in this Agreement; that the only consideration for signing this Agreement is as set forth herein; and that they have had this Agreement reviewed by their attorneys and have received advice from their
attorneys with which they are satisfied. 
  

	 	14.
	Amendment or Modification 
 

  
 No amendment or modification of the Agreement shall be valid unless it is in writing and signed by all of the Parties hereto. 

 
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 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of
the date first written above. 
  
  
 /S/
GARY J. MISSIGMAN 
 GARY J. MISSIGMAN 
  
  
 STATE OF NEW YORK, COUNTY OF WESTCHESTER 
  
 On October 10, 2002, before me, the undersigned, personally appeared Gary J. Missigman, personally known to me or proved to me on the basis of satisfactory evidence to be
the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted,
executed the instrument. 
  
  
 /S/
JAMES P. DONOHUE, JR. 
 Notary Public 

 
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 USI NORTHEAST, INC. 
  
  
  
 By: /S/
ERNEST J. NEWBORN, II 
 Name: Ernest J. Newborn, II 
 Title:   Secretary 
  
  
  
 STATE OF CALIFORNIA, COUNTY OF CALIFORNIA 
  
 On October 9, 2002, before me, the undersigned, personally appeared Ernest J. Newborn, II, personally known to me to be the individual whose name is subscribed to the within instrument and acknowledged
to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. 
  

 
  
 /S/ DONNA J.
DOXLEY-BOWERS 
 Notary Public 

 
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 Only With Respect to the Guarantee Provided in

 Paragraph 2 of the Agreement: 
  
 U.S.I. HOLDINGS CORPORATION 
  
  
 By: /S/ ERNEST J. NEWBORN, II 
 Name: Ernest J. Newborn, II

 Title:   Senior Vice President, General Counsel and Secretary 
  

 
  
 STATE OF CALIFORNIA, COUNTY OF SAN FRANCISCO 
  
 On October 9, 2002, before me, the undersigned, personally appeared Ernest J. Newborn, II, personally known to me to be the individual
whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the
instrument. 
  
  
  
 /S/ DONNA J. DOXLEY-BOWERS 
 Notary
Public 
  

  
 EXHIBIT A 
  
  
 UNITED STATES DISTRICT COURT 
  
 SOUTHERN DISTRICT
OF NEW YORK 
  
 
	 
GARY J. MISSIGMAN,
  
 Plaintiff,
  
 —  against—  
  
 USI NORTHEAST, INC. and THE ZURICH AMERICAN INSURANCE
COMPANY,
  
 Defendants.
 
	  	 99 Civ. 4763 (CM)
 

 
  
  
  
 STIPULATION OF VOLUNTARY DISMISSAL WITH PREJUDICE 
  
 Plaintiff Gary J. Missigman and
defendant USI Northeast, Inc. hereby voluntarily dismiss the above-captioned action with prejudice pursuant to Rule 41(a)(1)(ii) of the Federal Rules of Civil Procedure. Each party shall bear its own fees and costs. 
  
 Dated:                     , 2002 

 
 GILBRIDE, TUSA, LAST & SPELLANE 
  
  
 By:                                     
                              
 James P. Donohue, Jr. (JD-5629) 
 420 Lexington Avenue, Suite 3005 
 New York, New York 10170 
 (212) 692-9666

 Attorneys for Plaintiff 
  

 
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 CAHILL GORDON & REINDEL 
  
  
 By:                                     
                              
 David G. Januszewski (DJ-4608) 
 80 Pine Street 
 New York, New York 10005 
 (212) 701-3000

  
 Attorneys for Defendant USI Northeast Inc. 
  
  
  
 SO ORDERED: 
  
  
                                      
                                 
 United States District Court

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}]]