Document:

Ex-10.C

 

Exhibit No. 10(c)

The Progressive Corporation

Executive Deferred Compensation Plan

Performance-Based Restricted Stock Deferral Agreement

THIS DEFERRAL AGREEMENT is entered into pursuant to the provisions of The
Progressive Corporation Executive Deferred Compensation Plan (“Plan”). All
capitalized terms in this Agreement shall have the meanings ascribed to them in
the Plan.

1. Deferral Election. I hereby elect to defer receipt of all Performance-Based
Restricted Stock Awards granted to me in 2005 under The Progressive Corporation
2003 Incentive Plan. This election shall become effective as of the date the
restrictions applicable to such Awards (or portion thereof) expire and shall
not apply to any Award (or portion thereof) that fails to vest free of all
restrictions.

2. Method of Distribution. I hereby elect that any distribution of the balance
of the Deferral Account established pursuant to this Agreement made on account
of Termination of Employment be paid as follows: (CHECK ONE)

	 	 	 
	

	 	Single lump sum
payment                     

	OR in
	 	 
	

	 	Three annual installments                     
	

	 	Five annual
installments                       
	

	 	Ten annual
installments                        

I understand that Plan distributions made on account for reasons other than
Termination of Employment will be made in a single lump sum payment, unless the
Plan provides otherwise. I understand that I may change the method of
distribution elected above only if and to the extent permitted by the Plan.

3. Investment of Deferral Account. I understand that each amount credited to
the Deferral Account established pursuant to this Agreement shall be deemed to
be invested in the Company Stock Fund for six months and one day following the
date that such amount is first credited to such Deferral Account. Thereafter,
I understand that I may elect to have such amount deemed to be invested in one
or more of the other Investment Funds available under the Plan (except to the
extent that the Plan is amended to eliminate the option to choose those other
Investment Funds). I also understand that these deemed investments are merely
devices used to determine the amount payable to me under the Plan and do not
provide me with any actual rights or interests in any particular funds,
securities or property of the Company, any Affiliated Company or the Trust, in
any stock of The Progressive Corporation or in any Investment Funds offered
under the Plan. I also understand that my right to receive distributions under
the Plan makes me a general creditor of the Company with no greater right or
priority than any other general creditor of the Company.

4. Miscellaneous. I understand that this Agreement is subject to the terms,
conditions and limitations of the Plan, as in effect from time to time, in all
respects and that, except as expressly permitted by the Plan, all elections
made in this Agreement are irrevocable. I acknowledge that I have received,
read and understand the Plan Description dated December, 2004 relating to the
Plan. I agree to accept as final and binding all decisions and interpretations
of the Committee relating to the Plan, the Trust and this Agreement.

 

 

ALSO, I UNDERSTAND THAT THE PLAN IS LIKELY TO BE AMENDED IN SIGNIFICANT
RESPECTS FOLLOWING MY EXECUTION OF THIS AGREEMENT. I AGREE TO BE BOUND BY ALL
SUCH AMENDMENTS AND BY ANY CHANGES SUCH AMENDMENTS MAY REQUIRE IN THE TERMS AND
CONDITIONS OF THIS AGREEMENT.

NAME OF ELIGIBLE EXECUTIVE:

DATE:

SSN:

Your electronic submission of this Election Form will create a date/time stamp
and serve as your signature.Ex-10.D

 

Exhibit No. 10(d)

Directors Restricted Stock Deferral Agreement

The Progressive Corporation Directors

Restricted Stock Deferral Plan

Deferral Agreement

THIS DEFERRAL AGREEMENT is entered into pursuant to the provisions of The
Progressive Corporation Directors Restricted Stock Deferral Plan (“Plan”). All
capitalized terms in this Agreement shall have the meanings ascribed to them in
the Plan.

	 	1.	 	Deferral Election. I hereby elect to defer receipt of the following
portion of each Restricted Stock Award granted to me in 2005 under The
Progressive Corporation 2003 Directors Equity Incentive Plan. This
election shall become effective as of the date the restrictions
applicable to such Awards (or portion thereof) expire and shall not
apply to any Award (or portion thereof) that fails to vest free of all
restrictions.

     Please indicate the percentage of each Award you would like to defer:
   %

	 	2.	 	Designated Deferral Period. (The Plan gives you the option of
electing a Designated Deferral Period. If you elect a Designated
Deferral Period, the balance of your deferral account established
pursuant to this Agreement will be distributed to you within thirty (30)
days following the date the Designated Deferral Period ends, or, if
earlier, the date you die or terminate your service as a director of The
Progressive Corporation or the date a Change in Control occurs. If you
do not elect a Designated Deferral Period, your account will be
distributed within thirty (30) days following the earlier of the date
you die or terminate your service as a director of The Progressive
Corporation or the date a Change in Control occurs.)

Please check one of the following:

____I elect a Designated Deferral Period ending on the __ day of __________,
20____.

OR

_____ I do not wish to elect a Designated Deferral Period.

	3.	 	Method of Distribution. I hereby elect that any distribution of the
balance of the deferral account established pursuant to this Agreement
made on account of termination of service as a director or expiration of a
Designated Deferral Period be paid as follows: (check one)

	 	 	 
	

	 	in a single lump sum payment                     
	OR in
	 	 
	

	 	Three annual
installments                            
	

	 	Five annual
installments                               
	

	 	Ten annual
installments                                

I understand that Plan distributions made on account of reasons other than
termination of service as a director or expiration of a Designated Deferral
Period will be made in a single lump sum payment, unless the Plan provides
otherwise.

	4.	 	Investment of Deferral Account. I understand that each amount credited
to the deferral account established pursuant to this Agreement shall be
deemed to be invested in the Common Shares, $1.00 par value, of The
Progressive Corporation until distribution of the balance of the account.
I also understand that this deemed investment is merely a device used to
determine the amount payable to me under the Plan and does not provide me
with any actual rights or interests in such Common Shares or any other
particular funds, securities or property of The Progressive Corporation or
any of its affiliates. I also understand that my right to receive
distributions under the Plan makes me a general creditor of The
Progressive Corporation with no greater right or priority than any other
general creditor of The Progressive Corporation.

 

 

	5.	 	Miscellaneous. I understand that this Agreement is subject to the terms,
conditions and limitations of the Plan, as in effect from time to time, in
all respects and that, except as expressly permitted by the Plan, all
elections made in this Agreement are irrevocable. I acknowledge that I
have received, read and understand the Plan document establishing the
Plan. I agree to accept as final and binding all decisions and
interpretations of the Committee relating to the Plan and this Agreement.

ALSO, I UNDERSTAND THAT THE PLAN IS LIKELY TO BE AMENDED IN SIGNIFICANT RESPECTS

 FOLLOWING MY EXECUTION OF THIS AGREEMENT. I AGREE TO BE BOUND BY ALL SUCH

 AMENDMENTS AND BY ANY CHANGES SUCH AMENDMENTS MAY REQUIRE IN THE TERMS AND

CONDITIONS OF THIS AGREEMENT.

	 	 	 	 	 
	NAME OF
ELIGIBLE DIRECTOR: 	 
	

	 	 	 	

	SIGNATURE:
	 	 
	 	 	

	 	 	 
	DATE:
	 	 
	

	 	

	SSN:
	 	 
	

	 	

The Deferral Agreement must be postmarked by December 31, 2004.

Received and accepted on behalf of the Committee this ____ day of ____________,
______.<PAGE>

                                  EXHIBIT 10.1

                SECOND EXTENSION OF EXECUTIVE EMPLOYMENT CONTRACT

         THIS SECOND EXTENSION OF EXECUTIVE EMPLOYMENT CONTRACT (this
"Extension") is made as of the 9th day of December, 2004, by and between R. G.
BARRY CORPORATION, an Ohio corporation having its principal place of business
located at 13405 Yarmouth Road, N.W., Pickerington, Ohio 43147 (the "Company"),
and THOMAS M. VON LEHMAN, an individual having an address of 223 Fourth Avenue,
Suite 1700, Pittsburgh, Pennsylvania 15222 (the "Executive").

                                   WITNESSETH:

         WHEREAS, the Company and the Executive are parties to an Executive
Employment Contract dated March 10, 2004, as amended by that certain Amendment
to Executive Employment Contract dated March 29, 2004 and that certain Extension
of Executive Employment Contract dated September 9, 2004 (as amended, the
"Employment Agreement"); and

         WHEREAS, pursuant to Section 1(a) of the Employment Agreement, the
Company and the Executive desire to extend the Term of the Employment Agreement
for a three-month period ending on March 9, 2005;

         NOW, THEREFORE, in consideration of the mutual covenants of the parties
expressed in this Extension, the parties agree as follows, each intending to be
legally bound hereby:

         1. All capitalized terms used in this Extension without definition have
the meanings given to them in the Employment Agreement.

         2. The Term of the Employment Agreement is hereby extended for a period
of three months, ending on March 9, 2005.

         3. Except as otherwise provided herein, the Employment Agreement shall
remain in full force and effect.

         IN WITNESS WHEREOF, this Extension has been duly executed on behalf of
the Company and by the Executive as of the date first above written.

EXECUTIVE:                                  COMPANY:

                                            R. G. BARRY CORPORATION

/s/ Thomas M. Von Lehman                    By: /s/ Daniel D. Viren
------------------------                        -----------------------------
Thomas M. Von Lehman                            Daniel D. Viren
                                                Senior Vice President - Finance,
                                                Chief Financial Officer,
                                                Secretary and Treasurer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}]]