Document:

1996 Equity Compensation Acquisitioin Plan, as amended on January 31,2007

 Exhibit 10.1 
 SUN MICROSYSTEMS, INC. 
 EQUITY COMPENSATION ACQUISITION PLAN 
 (Amended as of January 31, 2007) 
 1.    Purposes of the Plan. The purposes of this Stock Plan are: 
  

	 	•	 	 to attract and retain the best available personnel for positions of substantial responsibility, 

  

	 	•	 	 to provide additional incentive to eligible Employees and Consultants, and 

  

	 	•	 	 to promote the success of the Company’s business. 

 Nonstatutory Stock Options, Stock Purchase Rights and Restricted Stock Units may be granted under the Plan. 
 2.    Definitions. As used herein, the following definitions shall apply: 
 (a)
“Administrator” means the Board or any of its Committees as shall be administering the Plan, in accordance with Section 4 of the Plan. 
 (b) “Applicable Laws” means the legal requirements relating to the administration of stock option plans under U. S. state corporate laws, U.S. federal and state securities laws, the Code and the
applicable laws of any foreign country or jurisdiction where Options, Stock Purchase Rights or Restricted Stock Units are, or will be, granted under the Plan. 
 (c) “Award” means an Option, Stock Purchase Right or Restricted Stock Unit. 
 (d)
“Board” means the Board of Directors of the Company. 
 (e) “Code” means the Internal Revenue Code of
1986, as amended. 
 (f) “Committee” means a Committee appointed by the Board in accordance with Section 4 of the
Plan. 
 (g) “Common Stock” means the Common Stock of the Company. 
 (h) “Company” means Sun Microsystems, Inc., and any entity that is directly or indirectly controlled by the Company, or any entity in
which the Company has a significant equity interest, as determined by the Administrator. 
 (i) “Consultant” means any
person, including an advisor, engaged by the Company to render services and who is compensated for such services, provided that the term “Consultant” shall not include any person who is also an officer or Director of Sun Microsystems, Inc.

 (j) “Director” means a member of the Board. 
 (k) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code. 
 (l) “Employee” means any person employed by the Company other than any person who is an officer or Director of Sun Microsystems, Inc.

 (m) “Fair Market Value” means, as of any date, the value of Common Stock determined as follows: 
 (i) the last reported sale price of the Common Stock of the Company on the NASDAQ Stock Market or, if no such reported sale takes place on any such day,
the average of the closing bid and asked prices, or 
 (ii) if such Common Stock shall then be listed on a national securities exchange
other than the NASDAQ Stock Market, the last reported sale price or, if no such reported sale takes place on any such day, the average of the closing bid and asked prices on the principal national securities exchange on which the Common Stock is
listed or admitted to trading, or 
 (iii) if such Common Stock shall not be quoted on the NASDAQ Stock Market nor listed or admitted to
trading on any other national securities exchange, then the average of the closing bid and asked prices, as reported by The Wall Street Journal for the over-the-counter market, or 
 (iv) if none of the foregoing is applicable, then the Fair Market Value of a share of Common Stock shall be determined by the Board in its discretion.

 (n) “Granted Stock” means the Common Stock subject to an Award. 
 (o) “Grantee” means an Employee or Consultant who holds an outstanding Award. 
 (p) “Nonstatutory Stock Option” means an Option not intended to qualify as an incentive stock option within the meaning of
Section 422 of the Code and the regulations promulgated thereunder. 
 (q) “Notice of Grant” means a written notice
evidencing certain terms and conditions of an individual Award. The Notice of Grant is part of the Option Agreement, Restricted Stock Purchase Agreement or Restricted Stock Unit Agreement. 
 (r) “Option” means a stock option granted pursuant to the Plan. 
  

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 (s) “Option Agreement” means a written agreement between the Company and a Grantee
evidencing the terms and conditions of an individual Option grant. The Option Agreement is subject to the terms and conditions of the Plan. 
 (t) “Plan” means this Equity Compensation Acquisition Plan. 
 (u) “Restricted Stock” means
shares of Common Stock acquired pursuant to a grant of Stock Purchase Rights under Section 11 below. 
 (v) “Restricted Stock
Unit” means an Award made pursuant to Section 12 below. A Restricted Stock Unit entitles the recipient to receive shares of Common Stock after meeting specified vesting criteria. 
 (w) “Restricted Stock Purchase Agreement” means a written agreement between the Company and the Grantee evidencing the terms and
restrictions applying to stock purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms and conditions of the Plan and the Notice of Grant. 
 (x) “Restricted Stock Unit Agreement” means a written agreement between the Company and the Grantee evidencing the terms and
restrictions applying to a Restricted Stock Unit. The Restricted Stock Unit Agreement is subject to the terms and conditions of the Plan and the Notice of Grant. 
 (y) “Share” means a share of the Common Stock, as adjusted in accordance with Section 14 of the Plan. 
 (z) “Stock Purchase Right” means the right to purchase Common Stock pursuant to Section 11 of the Plan, as evidenced by a Notice of Grant. 
 3.    Stock Subject to the Plan. Subject to the provisions of Section 14 of the Plan, the maximum aggregate number
of Shares which may be awarded and sold under the Plan is 54,360,000 Shares. The Shares may be authorized, but unissued, or reacquired Common Stock. 
 If an Option or Stock Purchase Right expires or becomes unexercisable without having been exercised in full or if a Restricted Stock Unit is forfeited or otherwise terminates prior to the issuance of shares of Common
Stock, the unissued Shares which were subject thereto shall become available for future grant or sale under the Plan (unless the Plan has terminated). In addition, if Shares of Restricted Stock are repurchased by the Company at their original
purchase price, such Shares shall become available for future grant under the Plan. 
  

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 4.    Administration of the Plan. 
 (a) Administration. The Plan shall be administered by (i) the Board or (ii) a Committee designated by the Board, which Committee shall
be constituted to satisfy Applicable Laws. Once appointed, such Committee shall serve in its designated capacity until otherwise directed by the Board. The Board may increase the size of the Committee and appoint additional members, remove members
(with or without cause) and substitute new members, fill vacancies (however caused), and remove all members of the Committee and thereafter directly administer the Plan, all to the extent permitted by Applicable Laws. 
 (b) Powers of the Administrator. Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific duties delegated
by the Board to such Committee, the Administrator shall have the authority, in its discretion: 
 (i) to determine the Fair Market Value of
the Common Stock, in accordance with Section 2(l) of the Plan; 
 (ii) to select the Consultants and Employees to whom Awards may be
granted hereunder; 
 (iii) to determine whether and to what extent Awards or any combination thereof, are granted hereunder; 
 (iv) to determine the number of shares of Common Stock to be covered by each Award granted hereunder; 
 (v) to approve forms of agreement for use under the Plan; 
 (vi) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times
when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the shares of Common Stock relating thereto, based in
each case on such factors as the Administrator, in its sole discretion, shall determine; 
 (vii) to construe and interpret the terms of the
Plan and Awards granted pursuant to the Plan; 
 (viii) to prescribe, amend and rescind rules and regulations relating to the Plan,
including rules and regulations relating to sub-plans established for the purpose of qualifying for preferred tax treatment under foreign tax laws; 
 (ix) to modify or amend each Award (subject to Section 16(b) of the Plan), including, to the extent permitted by Section 409A of the Code, the 

  

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discretionary authority to extend the post-termination exercisability period of Options and to reduce the exercise price of any Option or the purchase price
of any Common Stock issued in satisfaction of a Stock Purchase Right or Restricted Stock Unit; 
 (x) to determine, to the extent permitted
by Section 409A of the Code, whether and under what circumstances Common Stock and other amounts payable with respect to an Award under the Plan shall be deferred either automatically or at the election of the Grantee (including providing for
and determining the amount (if any) of any deemed earnings on any deferred amount during any deferral period); 
 (xi) to authorize any
person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Administrator; 
 (xii) to make all other determinations deemed necessary or advisable for administering the Plan. 
 (c) Effect of
Administrator’s Decision. The Administrator’s decisions, determinations and interpretations shall be final and binding on all Grantees and any other holders of Awards. 
 5.    Eligibility. Awards may be granted to Employees and Consultants. If otherwise eligible, an Employee or Consultant
who has been granted an Award may be granted additional Awards. Notwithstanding anything to the contrary contained in the Plan, Awards may not be granted to officers or Directors under this Plan. 
 6.    Limitations. Neither the Plan nor any Award shall confer upon a Grantee any right with respect to continuing the
Grantee’s employment or consulting relationship with the Company, nor shall they interfere in any way with the Grantee’s right or the Company’s right to terminate such employment or consulting relationship at any time, with or without
cause. 
 7.    Term of Plan. The Plan shall become effective upon its adoption by the Board. It shall
continue in effect until terminated under Section 16 of the Plan. 
 8.    Term of Option. The term of
each Option shall be stated in the Notice of Grant. 
 9.    Option Exercise Price and Consideration.

 (a) Exercise Price. The per share exercise price for the Shares to be issued pursuant to exercise of an Option shall be determined
by the Administrator. 
 (b) Waiting Period and Exercise Dates. At the time an Option is granted, the Administrator shall fix the
period within which the Option may be exercised and shall determine any conditions which must be satisfied before the Option may be exercised. 
  

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 (c) Form of Consideration. The Administrator shall determine the acceptable form of consideration
for exercising an Option, including the method of payment. Such consideration may consist entirely of: 
 (i) cash; 
 (ii) check; 
 (iii) promissory note;

 (iv) other Shares which (A) in the case of Shares acquired upon exercise of an option, have been owned by the Grantee for more than
six months on the date of surrender, and (B) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which said Option shall be exercised; 
 (v) delivery of a properly executed exercise notice together with such other documentation as the Administrator and the broker, if applicable, shall
require to effect an exercise of the Option and delivery to the Company of the sale or loan proceeds required to pay the exercise price; 
 (vi) a reduction in the amount of any Company liability to the Grantee, including any liability attributable to the Grantee’s participation in any Company-sponsored deferred compensation program or arrangement; 
 (vii) such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws; or 
 (viii) any combination of the foregoing methods of payment. 
 10.    Exercise of Option. 
 (a) Procedure for Exercise; Rights as a
Shareholder. Any Option granted hereunder shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Option Agreement. 
 An Option may not be exercised for a fraction of a Share. 
 An Option shall be deemed exercised when the Company receives: (i) written notice of exercise (in accordance with the Option Agreement) from the person entitled to exercise the Option, and (ii) full payment
for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Option Agreement and the Plan. Shares issued upon exercise of an
Option shall be issued in the name of the Grantee or, if requested by the Grantee, in the name of the Grantee and his or her spouse. Until 

  

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the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Granted Stock, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock
certificate promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 14 of the Plan.

 Exercising an Option in any manner shall decrease the number of Shares thereafter available, both for purposes of the Plan and for sale
under the Option, by the number of Shares as to which the Option is exercised. 
 (b) Termination of Employment. Upon termination of
a Grantee’s status as an Employee or Consultant (other than as a result of the Grantee’s death or Disability), the Grantee may exercise his or her Option, but only within such period of time from the date of such termination as is
determined by the Administrator and, unless determined otherwise by the Administrator, only to the extent that the Grantee was entitled to exercise it at the date of such termination (but in no event later than the expiration of the term of such
Option as set forth in the Option Agreement). To the extent that Grantee was not entitled to exercise an Option at the date of such termination, and to the extent that the Grantee does not exercise such Option (to the extent otherwise so entitled)
within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 
 Notwithstanding the above, in the event of a Grantee’s change in status from Consultant to Employee or Employee to Consultant, the Grantee’s status as an Employee or Consultant shall not automatically terminate solely as a result
of such change in status. 
 (c) Disability of Grantee. Upon termination of a Grantee’s status as an Employee or Consultant as a
result of the Grantee’s Disability, the Grantee may exercise his or her Option, but only within six (6) months or such time period as the Administrator shall specify from the date of such termination, and, unless determined otherwise by
the Administrator, only to the extent that the Grantee was entitled to exercise it at the date of such termination (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement). To the extent that
Grantee was not entitled to exercise an Option at the date of such termination, and to the extent that the Grantee does not exercise such Option (to the extent otherwise so entitled) within the time specified herein, the Option shall terminate, and
the Shares covered by such Option shall revert to the Plan. 
 (d) Death of Grantee. In the event of a Grantee’s death, the
Grantee’s estate or a person who acquired the right to exercise the deceased Grantee’s Option by bequest or inheritance may exercise the Option, but only within six (6) months or such time period as the Administrator shall specify
following the date of death, and, unless 

  

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determined otherwise by the Administrator, only to the extent that the Grantee was entitled to exercise it at the date of death (but in no event later than
the expiration of the term of such Option as set forth in the Option Agreement). To the extent that Grantee was not entitled to exercise an Option at the date of death, and to the extent that the Grantee’s estate or a person who acquired the
right to exercise such Option does not exercise such Option (to the extent otherwise so entitled) within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 
 11.    Stock Purchase Rights. 
 (a) Rights to Purchase. Stock Purchase Rights may be issued either alone, in addition to, or in tandem with other awards granted under the Plan and/or cash awards made outside of the Plan. After the
Administrator determines that it will offer Stock Purchase Rights under the Plan, it shall advise the Grantee in writing, by means of a Notice of Grant, of the terms, conditions and restrictions related to the offer, including the number of Shares
that the Grantee shall be entitled to purchase, the price to be paid (which price shall not be less than the par value of the Company’s Common Stock, as adjusted from time to time, and the minimum price permitted by the Delaware General
Corporation Law), and the time within which the Grantee must accept such offer. The offer shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. 
 (b) Repurchase Option. Unless the Administrator determines otherwise, the Restricted Stock Purchase Agreement shall grant the Company a
repurchase option exercisable upon the voluntary or involuntary termination of the Grantee’s employment with the Company for any reason (including death or Disability). The purchase price for Shares repurchased pursuant to the Restricted Stock
Purchase Agreement shall be the original price paid by the Grantee and may be paid by cancellation of any indebtedness of the Grantee to the Company. The repurchase option shall lapse at a rate determined by the Administrator. 
 (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the
Plan as may be determined by the Administrator in its sole discretion. In addition, the provisions of Restricted Stock Purchase Agreements need not be the same with respect to each Grantee. 
 (d) Rights as a Shareholder. Once the Stock Purchase Right is exercised, the Grantee shall have the rights equivalent to those of a shareholder,
and shall be a shareholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Stock
Purchase Right is exercised, except as provided in Section 14 of the Plan. 
  

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 12.    Restricted Stock Units. 
 (a) Awards. Restricted Stock Units may be issued either alone, in addition to, or in tandem with other awards granted under the Plan and/or cash
awards made outside of the Plan. After the Administrator determines that it will offer Restricted Stock Units under the Plan, it shall advise the Grantee in writing, by means of a Notice of Grant, of the terms, conditions and restrictions related to
the offer, including the number of Shares issuable in satisfaction of such Restricted Stock Units, the price to be paid (which price shall not be less than the par value of the Company’s Common Stock, as adjusted from time to time, and the
minimum price permitted by the Delaware General Corporation Law), and the time within which the Grantee must accept such offer. The offer shall be accepted by execution of a Restricted Stock Unit Agreement in the form determined by the
Administrator. 
 (b) Vesting. Unless the Administrator determines otherwise, the Restricted Stock Unit Agreement shall provide for
vesting that shall cease upon the voluntary or involuntary termination of the Grantee’s employment with the Company for any reason (including death or Disability). The Restricted Stock Unit shall vest at such a rate as the Administrator may, in
its discretion, determine. 
 (c) Other Provisions. The Restricted Stock Unit Agreement shall contain such other terms, provisions
and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. In addition, the provisions of Restricted Stock Unit Agreements need not be the same with respect to each Grantee. 
 (d) Rights as a Shareholder. Once shares of Common Stock are issued in satisfaction of a Restricted Stock Unit, the Grantee shall have the rights
equivalent to those of a shareholder, and shall be a shareholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which the record
date is prior to the date such shares are issued, except as provided in Section 14 of the Plan. 
 13.    Non-Transferability of Awards. An Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and
may be exercised, during the lifetime of the Grantee, only by the Grantee. 
 14.    Adjustments Upon Changes in
Capitalization, Dissolution, Merger or Asset Sale. 
 (a) Changes in Capitalization. Subject to any required action by the
shareholders of the Company, the number of shares of Common Stock covered by each outstanding Award, and the number of shares of Common Stock which have been authorized for issuance under the Plan but as to which no Awards have yet been granted or
which have been returned to the Plan upon cancellation or expiration of an Award, as well as the price per share of Common Stock covered by each such outstanding Award, 

  

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shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock
split, stock dividend, combination or reclassification of the Common Stock, or any other increase or decrease in the number of issued shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion
of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and
conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect
to, the number or price of shares of Common Stock subject to an Award. 
 (b) Dissolution or Liquidation. In the event of the
proposed dissolution or liquidation of the Company, the Administrator shall notify each Grantee as soon as practicable prior to the effective date of such proposed transaction. The Administrator in its discretion may provide for a Grantee to have
the right to exercise his or her Award until ten (10) days prior to such transaction as to all of the Granted Stock covered thereby, including Shares as to which the Award would not otherwise be exercisable. In addition, the Administrator may
provide that any Company repurchase option applicable to any Shares purchased upon exercise of an Award shall lapse as to all such Shares or that the vesting of any Award shall be accelerated with respect to all of the Granted Stock covered thereby,
provided the proposed dissolution or liquidation takes place at the time and in the manner contemplated. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action.

 (c) Merger or Asset Sale. In the event of a merger of the Company with or into another corporation, or the sale of substantially
all of the assets of the Company, each outstanding Award will be assumed or an equivalent option, right or restricted stock unit substituted by the successor corporation or a Parent or Subsidiary of the successor corporation (the “Successor
Corporation”). If the Successor Corporation refuses to assume or substitute for an Award, the Grantee shall have the right to exercise the Award as to all of the Granted Stock, including Shares as to which it would not otherwise be exercisable,
any Company repurchase option applicable to Shares purchased upon exercise of an Award shall lapse as to all such Shares and the vesting of any Award shall be accelerated with respect to all of the Granted Stock covered thereby. If an Award is
exercisable in lieu of assumption or substitution in the event of a merger or sale of assets, the Administrator shall notify the Grantee that the Award shall be fully exercisable for a period of thirty (30) days from the date of such notice,
and the Award shall terminate upon the expiration of such period. For the purposes of this paragraph, the Award shall be considered assumed if, following the merger or sale of assets, the option, right or restricted stock unit confers the right to
purchase or receive, for each Share of Granted Stock subject to the Award immediately prior to the merger or sale of assets, the consideration (whether stock, cash, or other securities or property) received in the merger or sale of assets by holders
of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of 

  

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consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or sale of
assets was not solely Common Stock of the Successor Corporation, the Administrator may, with the consent of the Successor Corporation, provide for the consideration to be received upon the exercise of the Award, for each Share of Granted Stock
subject to the Award, to be solely Common Stock of the Successor Corporation equal in fair market value to the per share consideration received by holders of Common Stock in the merger or sale of assets. 
 15.    Date of Grant. The date of grant of an Award shall be, for all purposes, the date on which the Administrator
makes the determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination shall be provided to each Grantee within a reasonable time after the date of such grant. 
 16.    Amendment and Termination of the Plan. 
 (a) Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan. 
 (b) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Grantee,
unless mutually agreed otherwise between the Grantee and the Administrator, which agreement must be in writing and signed by the Grantee and the Company. 
 17.    Conditions Upon Issuance of Shares. 
 (a) Legal Compliance.
Shares shall not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance and delivery of such Shares shall comply with all relevant provisions of law, including, without limitation, the Securities Act of
1933, as amended, the Exchange Act, the rules and regulations promulgated thereunder, Applicable Laws, and the requirements of any stock exchange or quotation system upon which the Shares may then be listed or quoted, and shall be further subject to
the approval of counsel for the Company with respect to such compliance. 
 (b) Investment Representations. As a condition to the
exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute
such Shares if, in the opinion of counsel for the Company, such a representation is required. 
 18.    Liability
of Company. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall
relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. 
  

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 19.    Reservation of Shares. The Company, during the term of this
Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 
  

 12Assurant, Inc. Amended and Restated Directors Compensation Plan

 Exhibit 10.1 
 ASSURANT, INC. 
 AMENDED AND RESTATED DIRECTORS COMPENSATION PLAN 
 ARTICLE 1 
 PURPOSE 

1.1 PURPOSE. The purpose of the Assurant, Inc. Amended and Restated Directors Compensation Plan is to attract, retain and compensate highly-qualified
individuals who are not employees of Assurant, Inc. or any of its subsidiaries or affiliates for service as members of the Board by providing them with competitive compensation and an ownership interest in the Common Stock of the Company. The
Company intends that the Plan will benefit the Company and its stockholders by allowing Non-Employee Directors to have a personal financial stake in the Company through an ownership interest in the Common Stock and will closely associate the
interests of Non-Employee Directors with that of the Company’s stockholders. 
 1.2 ELIGIBILITY. All active Non-Employee Directors shall
automatically be participants in the Plan. 
 ARTICLE 2 
 DEFINITIONS 
 2.1 DEFINITIONS. Unless the context clearly indicates otherwise, the following terms
shall have the following meanings: 
 (a) “Base Annual Retainer” means the annual cash retainer (excluding meeting fees and
expenses) payable by the Company to a Non-Employee Director pursuant to Section 5.1 hereof for service as a director of the Company (i.e., excluding any Supplemental Annual Retainer), as such amount may be changed from time to time. 

(b) “Board” means the Board of Directors of the Company. 
 (c) “Company” means Assurant, Inc., a Delaware corporation. 
 (d) “Common Stock” means
the common stock, par value $0.01 per share, of the Company. 
 (e) “Disability” means any illness or other physical or mental
condition of a Non-Employee Director that renders him or her incapable of performing as a director of the Company, or any medically determinable illness or other physical or mental condition resulting from a bodily injury, disease or mental disorder
which, in the judgment of the Board, is permanent and continuous in nature. The Board may require such medical or other evidence as it deems necessary to judge the nature and permanency of a Non-Employee Director’s condition. 
 (f) “Effective Date” has the meaning set forth in Section 8.6 of the Plan. 
  

 (g) “Fair Market Value,” on any date, means (i) if the Common Stock is listed on a
securities exchange or is traded over the Nasdaq National Market, the closing sales price of a share of Common Stock on such date , or (ii) if the Common Stock is not listed on a securities exchange or traded over the Nasdaq National Market,
the fair market value of a share of Common Stock as determined by such other method as the Board determines in good faith to be reasonable. 
 (h) “Non-Employee Director” means a director of the Company who is not an employee of the Company or Fortis Insurance N.V (“Fortis”), or any of its respective subsidiaries or affiliates, and who is not a director of the
Company designated by Fortis pursuant to the Shareholders’ Agreement between the Company and Fortis 
 (i) “Plan” means the
Assurant, Inc. Directors Compensation Plan, as amended from time to time. 
 (j) “Plan Year(s)” means the calendar year.

 (k) “Stock Appreciation Rights” or “SARs” has the meaning set forth in Section 6.2 of the Plan. 
 (l) “Stock Grant Date” has the meaning set forth in Section 6.1(c) of the Plan. 
 (m) “Supplemental Annual Retainer” means the annual retainer (excluding meeting fees and expenses) payable by the Company to a Non-Employee
Director pursuant to Section 5.2 hereof for service as a member or chair of a committee of the Board, as such amount may be changed from time to time. 
 ARTICLE 3 
 ADMINISTRATION 
 3.1 ADMINISTRATION. The Plan shall be administered by the Board. Subject to the provisions of the Plan, the Board shall be authorized to interpret the
Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make all other determinations necessary or advisable for the administration of the Plan. The Board’s interpretation of the Plan, and all actions taken
and determinations made by the Board pursuant to the powers vested in it hereunder, shall be conclusive and binding upon all parties concerned including the Company, its stockholders and persons granted awards under the Plan. The Board may appoint a
plan administrator to carry out the ministerial functions of the Plan, but the administrator shall have no other authority or powers of the Board. 
 3.2 RELIANCE. In administering the Plan, the Board may rely upon any information furnished by the Company, its public accountants and other experts. No individual will have personal liability by reason of anything done or omitted to be done
by the Company or the Board in connection with the Plan. 
  

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 3.3 INDEMNIFICATION. Each person who is or has been a member of the Board or who otherwise participates
in the administration or operation of the Plan shall be indemnified by the Company against, and held harmless from, any loss, cost, liability or expense that may be imposed upon or incurred by him or her in connection with or resulting from any
claim, action, suit or proceeding in which such person may be involved by reason of any action taken or failure to act under the Plan and shall be fully reimbursed by the Company for any and all amounts paid by such person in satisfaction of
judgment against him or her in any such action, suit or proceeding, provided he or she will give the Company an opportunity, by written notice to the Board, to defend the same at the Company’s own expense before he or she undertakes to defend
it on his or her own behalf. This right of indemnification shall not be exclusive of any other rights of indemnification. 
 ARTICLE 4

 SHARES 
 4.1 SHARES
SUBJECT TO THE PLAN. Subject to Section 6.2(c)(vi), the shares of Common Stock that may be issued pursuant to the Plan shall not exceed in the aggregate 500,000. Such shares may be authorized and unissued shares or treasury shares. 

ARTICLE 5 
 CASH COMPENSATION

 5.1 BASE ANNUAL RETAINER. Each Non-Employee Director shall be paid a Base Annual Retainer for service as a director during each Plan
Year, payable in such installments as the Board may determine at its discretion. The amount of the Base Annual Retainer shall be established from time to time by the Board. Until changed by the Board, the Base Annual Retainer shall be $40,000 for a
full Plan Year. Each person who first becomes a Non-Employee Director on a date other than January 1 of any year shall be paid a pro-rata retainer equal to the Base Annual Retainer for such Plan Year, multiplied by a fraction, the numerator of
which is the number of full months and portions thereof before the end of the Plan Year, and the denominator of which is 12. Payment of such prorated Base Annual Retainer shall begin on the date that the person first becomes a Non-Employee Director.

 5.2 SUPPLEMENTAL ANNUAL RETAINER. Non-Employee Directors who serve as Chairman of the Board or as a member or chair of a committee of the
Board during a Plan Year shall be paid a Supplemental Annual Retainer with respect to such service, payable quarterly at the same times as installments of the Base Annual Retainer are paid. The amount of the Supplemental Annual Retainer shall be
established from time to time by the Board. Until changed by the Board, the Supplemental Annual Retainer for a full Plan Year shall be as follows: 
  

							
	 	  	Chair	  	Non-Chair Member
	 Chairman of the Board
	  	$	7,500	  	 	n/a
	 Audit Committee
	  	$	25,000	  	$	10,000
	 Compensation Committee
	  	$	7,500	  	$	3,750
	 Governance/ Nominating Committee
	  	$	5,000	  	$	2,500
	 Executive Committee
	  	$	0	  	$	0
	 Any additional committee formed in the future
	  	$	5,000	  	$	2,500

  

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 A pro-rata Supplemental Annual Retainer will be paid to any Non-Employee Director who becomes chairman or joins a
committee of the Board on a date other than the beginning of a Plan Year, based on the number of full months and portions thereof between the date such Non-Employee Director became chairman or joined such committee and the beginning of the next Plan
Year. 
 5.3 FEES. Each Non-Employee Director shall be paid a fee for each meeting or conference call of the Board or committee thereof in
which he or she participates. The amount of the fees shall be established from time to time by the Board. Until changed by the Board, the fee for attending a meeting of the Board or any committee thereof shall be $2,000, and the fee for
participating in a conference call of the Board or any committee thereof shall be $500; provided that no more than one fee will be payable for meetings or conference calls held on a single day. For purposes of this provision, the Chairman of the
Board or chairman of the respective Board committee may authorize the full meeting fee to be payable with respect to any extended conference call or any other special off-site meeting required as part of a Non-Employee Director’s service on the
Board or any committee thereof. 
 5.4 TRAVEL EXPENSE REIMBURSEMENT. All Non-Employee Directors shall be reimbursed for reasonable travel
expenses (including spouse’s expenses to attend events to which spouses are invited) in connection with attendance at meetings of the Board and its committees, or other Company functions at which the Chief Executive Officer requests the
Non-Employee Director to participate. If the travel expense is related to the reimbursement of commercial airfare, such reimbursement will not exceed full-coach rates for domestic travel or business-class rates for international travel. If the
travel expense is related to reimbursement of non-commercial air travel, such reimbursement shall not exceed the rate for comparable travel by means of commercial airlines. 
 5.5 FINANCIAL PLANNING. During each Plan Year, each Non-Employee Director shall be entitled to receive, at the Company’s expense, financial planning
services having a value of up to $5,000 to be provided by a financial advisor selected by the Company. Any such expenses in excess of $5,000 shall be borne by the Non-Employee Director. 
 ARTICLE 6 
 EQUITY COMPENSATION 
 6.1 STOCK GRANTS. 
 (a) Initial Stock
Grant. Each Non-Employee Director shall receive, on the later of the Effective Date of the Plan or the first date he or she becomes a Non-Employee Director, an award of shares of Common Stock having an aggregate Fair Market Value on the grant
date equal to $60,000. Such shares shall be subject to the transfer restrictions described below in Section 6.1(d). For purposes of computing the number of shares subject to an Initial Stock 

  

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Grant, fractional shares shall be rounded up to the nearest whole share. In no event will a director receive an initial award of shares if the next annual
meeting of stockholders is within four months of the date he or she becomes a Non-Employee Director. 
 (b) Annual Stock Grants. On
the day following the 2005 annual meeting of the Company’s stockholders, and on the day following each subsequent annual meeting of the Company’s stockholders, each Non-Employee Director in service on that date will receive an award of
shares having a Fair Market Value on the date of grant equal to $60,000. Such shares shall be subject to the transfer restrictions described below in Section 6.1(d). For purposes of computing the number of shares subject to an Annual Stock
Grant, fractional shares shall be rounded up to the nearest whole share. 
 (c) Reduced Awards. Each day that shares are to be granted
under the Plan is referred to hereinafter as a “Stock Grant Date.” If on any Stock Grant Date, shares of Common Stock are not available under the Plan to grant to Non-Employee Directors the full amount of a grant contemplated by
Section 6.1(a) or (b), then each Non-Employee Director then entitled to an award of shares shall receive a reduced grant of shares (a “Reduced Grant”) in an amount equal to the number of shares of Common Stock then available under the
Plan, divided by the number of Non-Employee Directors entitled to an award of shares as of the applicable Stock Grant Date. Fractional shares shall be ignored and not granted. If a Reduced Grant has been made and, thereafter, during the term of the
Plan, additional shares of Common Stock become available for grant (e.g., by an amendment to the Plan approved by the stockholders), then each person who was a Non-Employee Director both on the Stock Grant Date on which the Reduced Grant was made
and on the date additional shares of Common Stock become available (a “Continuing Non-Employee Director”) shall receive an additional grant of shares. The number of newly available shares shall be divided equally among the shares granted
to the Continuing Non-Employee Directors up to the full number of shares that were due to be granted. If more than one Reduced Grant has been made, available shares shall be granted beginning with the earliest such Stock Grant Date. 
 (d) Minimum Holding Period. A Non-Employee Director receiving shares of Common Stock under Section 6.1(a) or (b) of the Plan shall not
sell, transfer, exchange, assign, pledge, hypothecate, or otherwise encumber such shares to or in favor of any party other than the Company, or subject such shares to any lien, obligation, or liability of the grantee to any other party other than
the Company, until the earlier of (i) the fifth anniversary of the date of grant, or (ii) the Non-Employee Director’s termination as a director of the Company for any reason. 
 6.2 STOCK APPRECIATION RIGHTS. 
 (a)
Initial SAR Grant. Each Non-Employee Director shall receive, on the later of the Effective Date of the Plan or the first date he or she becomes a Non-Employee Director, an award of Stock Appreciation Rights (“SARs”) with respect to
that number of shares of Common Stock having an aggregate Fair Market Value on the grant date equal to $60,000. For purposes of computing the number of SARs subject to an Initial SAR Grant, fractional shares shall be rounded up to the nearest whole
share. In no event will a director receive an initial award of SARs if the next annual meeting of stockholders is within four months of the date he or she becomes a Non-Employee Director. 
  

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 (b) Annual SAR Grants. On the day following the 2005 annual meeting of the Company’s
stockholders, and on the day following each subsequent annual meeting of the Company’s stockholders, each Non-Employee Director in service on that date will receive an award of SARs with respect to that number of shares of Common Stock having a
Fair Market Value on the date of grant equal to $60,000. For purposes of computing the number of SARs subject to an Annual SAR Grant, fractional shares shall be rounded up to the nearest whole share. 
 (c) Terms and Conditions of SARs. 
 (i) Base Value and Benefit. The base value of each SAR granted under the Plan shall equal the Fair Market Value of a share of Common Stock on the date of grant of the SAR. Each SAR entitles the grantee, in accordance with and subject
to the restrictions set forth in this Section 6.2, to receive from the Company upon the exercise of the SAR that number of shares of Common Stock having a Fair Market Value, as of the date of such exercise, equal to the excess, if any, of
(a) the Fair Market Value of one share of Common Stock on the date of exercise; over (b) the base value of the SAR. For purposes of computing the number of Shares that a Non-Employee Director has the right to acquire by exercise of a SAR,
fractional shares shall be disregarded, and the Board shall determine whether cash shall be given in lieu of fractional Shares or whether such fractional Shares shall be eliminated by rounding up or down. 
 (ii) Term, Vesting and Exercise of SARs. The term of the SARs shall be for a period of five years. The SARs shall be fully vested and exercisable
on the date of grant. Notwithstanding the foregoing, to the extent not previously exercised, all SARs granted hereunder shall be automatically exercised (and shall thereupon expire) on earlier of (i) the first anniversary of a Non-Employee
Director’s termination as a director of the Company for any reason, or (ii) the fifth anniversary of the date of grant of the SAR. The Board may at its discretion force the early exercise of SARs (which shall thereupon expire) for any
reason. In requiring such mandatory exercise, the Board in its discretion shall select which SARs shall be exercised. 
 (iii)
Restrictions on Transfer and Pledge; Minimum Holding Period. The SARs may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company, nor shall they be subject to any lien, obligation, or liability of the
grantee to any party other than the Company. The SARs are not assignable or transferable by the grantee other than by will or the laws of descent and distribution. The SARs may be exercised during the lifetime of the grantee only by the grantee. The
shares of Common Stock issuable upon exercise of the SARs may not be sold, transferred, exchanged, assigned, pledged, hypothecated, or otherwise encumbered to or in favor of any party other than the Company, or subjected to any lien, obligation, or
liability of the grantee to any other party other than the Company, until the earlier of (i) the fifth anniversary of the date of grant, or (ii) the Non-Employee Director’s termination as a director of the Company for any reason.

  

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 (iv) Award Agreements. All awards of SARs under the Plan shall be evidenced by a written Award
Agreement between the Company and the Non-Employee Director, which shall include such provisions, not inconsistent with the Plan, as may be specified by the Board. 
 (v) Beneficiaries. A Non-Employee Director may, in the manner determined by the Board, designate a beneficiary to exercise the rights of the Non-Employee Director and to receive any distribution with respect to
any SAR upon his or her death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Non-Employee
Director, except to the extent the Plan and Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Board. If no beneficiary has been designated or survives the Non-Employee Director, payment
shall be made to the Non-Employee Director’s estate. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Non-Employee Director at any time provided the change or revocation is filed with the Board. 
 (vi) Source of Shares. The SARs described in this Section 6.2 shall be deemed to be granted pursuant to the Assurant, Inc. 2004 Long-Term
Incentive Plan (the “LTIP”), and the shares of Common Stock issuable pursuant to the exercise of such SARs shall be issued pursuant to the LTIP. 
 6.3 ADJUSTMENTS. In the event of any distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, reclassification, stock split, reverse stock split, reorganization,
merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Common Stock or other securities of the Company, or other similar
corporate transaction or event, then the Board shall, in its discretion, adjust awards outstanding under the Plan and the number and type of shares (or other securities or property) which may be granted under the Plan in such manner as it may deem
equitable or appropriate. Any decision of the Board pursuant to the terms of this Section 6.3 shall be final, binding and conclusive upon the Non-Employee Directors, the Company and all other interested parties. Without limiting the foregoing,
in the event of a subdivision of the outstanding Common Stock (stock-split), a declaration of a dividend payable in shares of Common Stock, or a combination or consolidation of the outstanding Common Stock into a lesser number of shares, the
authorization limit under Article 4 shall automatically be adjusted proportionately, any outstanding SARs shall automatically be adjusted proportionately, and any resulting shares payable with respect to shares of Common Stock granted under
Section 6.1(a) or (b) of the Plan, or shares issued upon the exercise of SARs granted under Section 6.2(a) or (b) of this Plan, shall be subject to any remaining minimum holding period for such shares imposed under
Section 6.1(d) or Section 6.2(c)(iii) hereof. 
 ARTICLE 7 
 AMENDMENT, MODIFICATION AND TERMINATION 
 7.1 AMENDMENT, MODIFICATION AND
TERMINATION. The Board may, at any time and from time to time, amend, modify or terminate the Plan; provided, that no such 

  

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amendment, modification or termination shall adversely affect awards outstanding as of the effective date of such amendment; provided, further, however, that
if an amendment to the Plan would constitute a change requiring shareholder approval under applicable laws, policies or regulations or the applicable listing or other requirements of a securities exchange on which the Common Stock is listed or
traded, then such amendment shall be subject to stockholder approval. 
 ARTICLE 8 
 GENERAL PROVISIONS 
 8.1 ELECTION TO
DEFER PAYMENT. A Participant may elect to defer receipt of any cash payment under the Plan. Such election shall be made in writing and delivered to the plan administrator in compliance with, and such deferral shall be governed solely by the terms
of, the Assurant, Inc. Deferred Compensation Plan. 
 8.2 RESTRICTIONS OF LENDERS. The Company’s obligations under the Plan shall be
subject to, and may from time to time be prohibited by, agreements that may be in effect from time to time among or between the Company or its affiliates and their respective lenders. In the event that the Company would not be able to perform any of
its agreements or fulfill any of its obligations hereunder without violating such a loan agreement, the Company shall be excused from such performance or fulfillment with no liability therefor to the Non-Employee Directors; provided that if and when
such performance or fulfillment would no longer be such a violation, the Company shall have the obligation to complete such performance or fulfillment at that time. 
 8.3 DURATION OF THE PLAN. The Plan shall remain in effect until the day immediately following the 2013 annual meeting of Company’s stockholders, unless terminated earlier by the Board. 
 8.4 EXPENSES OF THE PLAN. The expenses of administering the Plan shall be borne by the Company. 
 8.5 GOVERNING LAW. To the extent not governed by federal law, the Plan and all Award Certificates shall be construed in accordance with and governed by
the laws of the State of Delaware. 
 8.6 EFFECTIVE DATE. The Plan was originally adopted by the Board on October 15, 2003 and was
approved by the sole stockholder on October 15, 2003. The Plan was amended by the Board on December 12, 2003, became effective on February 4, 2004 (the “Effective Date”), was further amended and restated on June 3, 2005
and was amended on March 9, 2007. 
  

			
	ASSURANT, INC.
		
		 	  
	By:	 	Lesley Silvester
	Title:	 	Executive Vice President

  

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