Document:

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                                                                   Exhibit 10.25

                        HILB, ROGAL AND HAMILTON COMPANY
                                    EMPLOYEE
                      NON-QUALIFIED STOCK OPTION AGREEMENT
                      ------------------------------------

        THIS AGREEMENT dated as of the 11th day of February, 2002, between Hilb,
Rogal and Hamilton Company, a Virginia corporation (the "Company"), and
_______________ ("Optionee"), is made pursuant and subject to the provisions
of the Company's 2000 Stock Incentive Plan, as amended (the "Plan"), a copy of
which is attached. All terms used herein that are defined in the Plan shall have
the same meaning given them in the Plan.

         1. GRANT OF OPTION. Pursuant to the Plan, the Company, on February 11,
2002, granted to Optionee, subject to the terms and conditions of the Plan and
subject further to the terms and conditions herein set forth, the right and
option to purchase from the Company all or any part of an aggregate of __ shares
of the common stock of the Company ("Common Stock") at the Option price of
$37.45 per share. Such Option will be exercisable as hereinafter provided.

         2. TERMS AND CONDITIONS. This Option is subject to the following terms
and conditions:

         (a) EXPIRATION DATE. The "Expiration Date" of this Option is February
11, 2009.

         (b) EXERCISE OF OPTION. Except as provided in paragraphs 3, 4, 5 and
10, this Option shall be exercisable with respect to twenty-five percent (25%)
of the aggregate number of shares covered by this Option for each one (1) full
year, up to a total of four (4) full years, that Optionee continues to be
employed by the Company after the date of this Agreement. Once this Option has
become exercisable with respect to any portion of the total number of shares in
accordance

<PAGE>

with the preceding sentence, it shall continue to be exercisable with
respect to such shares until the termination of Optionee's rights hereunder
pursuant to paragraphs 3, 4 or 5, or until the Expiration Date. A partial
exercise of this Option shall not affect Optionee's right to exercise
subsequently this Option with respect to the remaining shares that are
exercisable, subject to the conditions of the Plan and this Agreement.

         (c) METHOD OF EXERCISING AND PAYMENT FOR SHARES. This Option may be
exercised only by written notice delivered to the attention of the Company's
Secretary at the Company's principal office in Glen Allen, Virginia. The written
notice shall specify the number of shares being acquired pursuant to the
exercise of the Option when such Option is being exercised in part in accordance
with subparagraph 2(b) hereof. The exercise date shall be the date such notice
is received by the Company. Such notice shall be accompanied by payment of the
Option price in full for each share (a) in cash (United States dollars) or by
cash equivalent acceptable to the Company, or (b) by a cashless exercise
pursuant to Section IX(2) of the Plan.

         (d) NONTRANSFERABILITY. This Option is nontransferable except, in the
event of the Optionee's death, by will or by the laws of descent and
distribution subject to the terms hereof. During Optionee's lifetime, this
Option may be exercised only by Optionee.

         3. EXERCISE IN THE EVENT OF DEATH. This Option shall be exercisable in
full in the event that Optionee dies while employed by the Company or an
Affiliate and prior to the Expiration Date of this Option. In that event, this
Option may be exercised by Optionee's estate, or the person or persons to whom
his rights under this Option shall pass by will or the laws of descent and
distribution. Optionee's estate or such persons must exercise this Option, if at
all, within one year of the date of Optionee's death or during the remainder of
the period preceding

<PAGE>

the Expiration Date, whichever is shorter, but in no event may the Option be
exercised prior to the expiration of six (6) months from the date of the grant
of the Option.

         4. EXERCISE IN THE EVENT OF PERMANENT AND TOTAL DISABILITY. This Option
shall be exercisable in full if Optionee becomes permanently and totally
disabled (within the meaning of Section 22(e)(3) of the Code) while employed by
the Company or an Affiliate and prior to the Expiration Date of this Option. In
that event, Optionee must exercise this Option, if at all, within one year of
the date he becomes disabled or during the remainder of the period preceding the
Expiration Date, whichever is shorter, but in no event may the Option be
exercised prior to the expiration of six (6) months from the date of the grant
of the Option.

         5. EXERCISE AFTER TERMINATION OF EMPLOYMENT. In the event that the
Optionee retires from employment with the Company after attaining age 62 and
serving at least 10 consecutive years with the Company or an Affiliate or
predecessor thereof, then this Option shall be exercisable in full but must be
exercised by the Optionee, if at all, within one year following his retirement
date or during the remainder of the period preceding the Expiration Date,
whichever is shorter, but in no event may the Option be exercised prior to the
expiration of six (6) months from the date of the grant of the Option. In all
events other than those events addressed in paragraphs 3 or 4 or the foregoing
sentence of this paragraph 5, in which Optionee ceases to be employed by the
Company: (a) Optionee may exercise the Option in whole or in part with respect
to that number of shares which are exercisable by him under paragraph 2(b) above
on the date his employment terminated, and (b) this Option must be exercised by
Optionee, if at all, within ninety (90) days following the date upon which he
ceases to be employed by the Company or during the remainder of the period
preceding the Expiration Date, whichever is

<PAGE>

shorter, but in no event may the Option be exercised prior to the expiration of
six (6) months from the date of the grant of the Option.

         6. FRACTIONAL SHARES. Fractional shares shall not be issuable
hereunder, and when any provision hereof may entitle Optionee to a fractional
share such fraction shall be disregarded.

         7. NO RIGHT TO CONTINUED EMPLOYMENT. This Option does not confer upon
Optionee any right with respect to continuance of employment by the Company or
an Affiliate, nor shall it interfere in any way with the right of the Company or
an Affiliate to terminate his employment at any time.

         8. INVESTMENT REPRESENTATION. Optionee agrees that, unless such shares
previously have been registered under the Securities Act of 1933, as amended
(the "Securities Act"): (i) any shares purchased by him hereunder will be
purchased for investment and not with a view to distribution or resale and (ii)
until such registration, certificates representing such shares may bear an
appropriate legend to assure compliance with the Securities Act. This investment
representation shall terminate when such shares have been registered under the
Securities Act.

         9. CHANGE IN CAPITAL STRUCTURE. Subject to any required action by the
shareholders of the Company, the number of shares of Common Stock covered by
this Option, and the price per share thereof, shall be proportionately adjusted
by the Company for any increase or decrease in the number of issued and
outstanding shares of Common Stock of the Company resulting from any stock
dividend (but only on the Common Stock), stock split, combination,
reclassification, recapitalization or general issuance to holders of Common
Stock of rights to purchase Common Stock at substantially below its then fair
market value, or any change in the number of such

<PAGE>

shares outstanding effected without receipt of cash or property or labor or
services by the Company, or any spin-off or other distribution of assets to
shareholders.

         In the event of a change in the Common Stock of the Company as
presently constituted, which is limited to a change of all or a part of its
authorized shares without par value into the same number of shares with a par
value, or any subsequent change into the same number of shares with a different
par value, the shares resulting from any such change shall be deemed to be the
Common Stock within the meaning of the Plan.

         The grant of this Option pursuant to the Plan shall not affect in any
way the right or power of the Company to make adjustments, reclassifications,
reorganizations or changes of its capital or business structure or to merge or
to consolidate or to dissolve, liquidate or sell, or transfer all or any part of
its business or assets.

         10. CHANGE OF CONTROL. Notwithstanding any other provision of this
Agreement to the contrary, in the event of a Change of Control, the provisions
of Section XIII(3) of the Plan shall apply to this Option.

         11.      FORFEITURE OF CERTAIN GAINS.

                  (a) TERMINATION FOR CAUSE. If Optionee's employment is
terminated for "Cause" within one year of any exercise of this Option, in whole
or in part, the Optionee shall pay to the Company an amount equal to the gain
realized by Optionee from such exercise represented by the excess of the Fair
Market Value on the date of exercise over the Option price multiplied by the
number of shares purchased, without regard to any subsequent market price
increase or decrease ("Option Gain"). For purposes of this paragraph, "Cause"
shall have the meaning ascribed to it in any employment agreement between the
Optionee and the Company that is in effect at the time of termination and, if no
such agreement exists, it shall mean:

<PAGE>

                         (i) the willful and continued failure of the Optionee
to perform substantially the Optionee's duties with the Company or one of its
affiliates (other than any such failure resulting from incapacity due to
physical or mental illness), after a written demand for substantial performance
is delivered to the Optionee by the Company which specifically identifies the
manner in which the Company believes that the Optionee has not substantially
performed the Optionee's duties, or

                          (ii) the willful engaging by the Optionee in illegal
conduct or gross misconduct which is materially and demonstrably injurious to
the Company.

                  (b) FORFEITURE IF OPTIONEE ENGAGES IN CERTAIN ACTIVITIES. If
Optionee engages in any activity in competition with any activity of the
Company, or inimical, contrary or harmful to the interests of the Company,
including but not limited to (i) accepting employment with or serving as a
consultant advisor or in any other capacity to an employer that is in
competition with or acting against the interests of the Company, (ii) disclosing
or misusing any confidential information or material concerning the Company or
(iii) participating in any hostile takeover attempt, then (1) this Option shall
terminate effective the date on which Optionee enters into such activity, unless
terminated sooner by operation of another term on condition of this Agreement or
the Plan, and (2) the Optionee shall pay to the Company an amount equal to the
Option Gain realized by Optionee from any exercise of this Option, in whole or
in part, within one year of the date such activity began.

                  (c) RIGHT OF SET-OFF. Optionee hereby consents to a deduction
from any amounts owed by the Company to Optionee from time to time (including
amounts owed as ways or other compensation, fringe benefits or vacation pay, to
the extent of any amounts Optionee owes the Company under paragraph 10(a) and
(b). Whether or not the Company elects to make any set-off in whole or in part,
if Company does not recover by means of set-off the full amount owed by
<PAGE>

Optionee under paragraphs 10(a) and (b), Optionee agrees to immediately pay
the unpaid balance to the Company.

         12. GOVERNING LAW. This Agreement shall be governed by and construed
and enforced in accordance with the laws of the Commonwealth of Virginia, except
to the extent that federal law shall be deemed to apply.

         13. CONFLICTS. In the event of any conflict between the provisions of
the Plan as in effect on the date hereof and the provisions of this Agreement,
the provisions of the Plan shall govern. All references herein to the Plan shall
mean the Plan as in effect on the date hereof.

         14. OPTIONEE BOUND BY PLAN. Optionee hereby acknowledges receipt of a
copy of the Plan and agrees to be bound by all the terms and provisions thereof.

         15. BINDING EFFECT. Subject to the limitations stated above and in the
Plan, this Agreement shall be binding upon and inure to the benefit of the
legatees, distributes, and personal representatives of Optionee and the
successors of the Company.

         16. GENDER. All pronouns used herein shall be deemed to refer to either
the male or female as appropriate.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be signed
by a duly authorized officer, and Optionee has affixed his signature hereto.

OPTIONEE:                            HILB, ROGAL AND HAMILTON COMPANY

                                     By:
---------------------------------       ----------------------------------------
                                     Title: Chairman and Chief Executive Officer
<PAGE>

                           NONQUALIFIED STOCK OPTIONS
                          FOR NAMED EXECUTIVE EMPLOYEES

                                     GRANT DATE              OPTIONS GRANTED
                                     ----------              ---------------

Michael A. Janes                     02/11/2002                  13,000

Timothy J. Korman                    02/11/2002                  16,000

John P. McGrath                      02/11/2002                  16,000

Andrew L. Rogal                      02/11/2002                  50,000

Martin L. Vaughan, III               02/11/2002                  24,000<PAGE>
                                                                   Exhibit 10.26

                        HILB, ROGAL AND HAMILTON COMPANY

                           RESTRICTED STOCK AGREEMENT

         THIS RESTRICTED STOCK AGREEMENT, dated as of this 11th day of February,
2002, between Hilb, Rogal and Hamilton Company, a Virginia corporation ("the
Company"), and _______________ (the "Employee"), is made pursuant and subject to
the provisions of the Company's 2000 Stock Incentive Plan, as amended, which is
incorporated herein by reference, and any future amendments thereto (the
"Plan"), a copy of which is attached. All terms used herein that are defined in
the Plan shall have the same meanings given them in the Plan.

         1. AWARD OF RESTRICTED STOCK. The Company hereby awards to the
Employee, subject to the terms and conditions of the Plan and the provisions of
this Agreement, ______ shares of Common Stock of the Company (the "Restricted
Stock").

         2. TERMS AND CONDITIONS. The award of Restricted Stock hereunder is
subject to the following terms and conditions:

                  (a) CONTINGENT VESTING. The award of Restricted Stock to
Employee is intended to encourage Employee to cause the operating earnings of
Company to grow by at least 10% per calendar year. At each of the vesting dates
set forth in paragraph 2(b), Restricted Stock will be eligible to vest only if
the Company achieves a 10% annual growth in fully diluted earnings per share
based on Operating Income in at least one of the two preceding calendar years.
If the earnings growth requirement has not been met at any of the vesting dates
set forth in paragraph 2(b), all of the Restricted Shares eligible for vesting
on that date shall be cancelled.
<PAGE>

                  (b) RESTRICTED  PERIOD.  Except as provided in paragraphs
2(a) and 3, the Restricted Stock shall vest and become nonforfeitable in
accordance with the schedule set forth below:
<TABLE>
<CAPTION>

                                                          10%                                Percent of
                      DATE                    Earnings Growth Requirement                   AWARD VESTED
                      ----                                                                  ------------

<S>                                             <C>                                      <C>
               February 11, 2004                     2003 vs. 2002                                  25%
                                                          or
                                                     2002 vs. 2001

                February 11, 2005                    2004 vs. 2003                                  50%
                                                          or
                                                     2003 vs. 2002
               February 11, 2006                     2005 vs. 2004                                  75%
                                                          or
                                                     2004 vs. 2003
               February 11, 2007                     2006 vs. 2005                                 100%
                                                          or
                                                     2005 vs. 2004

</TABLE>

         The period from the date hereof until the shares of Restricted Stock
have become 100% vested shall be referred to as the "Restricted Period."

                  (c) ISSUANCE OF CERTIFICATES; RESTRICTIVE LEGEND. The stock
certificate(s) evidencing the Restricted Stock shall be issued and registered on
the Company's books and records in the name of the Employee as soon as
practicable following the date of this Agreement. The Company shall retain
physical possession and custody of each stock certificate representing the
Restricted Stock until such time as the Restricted Stock becomes vested in
accordance with paragraph 2(b) above. The Employee will deliver to the Company a
stock power, endorsed in blank, with respect to each award of Restricted Stock.
Each stock certificate shall bear a restrictive legend in substantially the
following form:
                           The shares represented by this certificate are
                  restricted and may be transferred only in accordance with the
                  Restricted Stock Agreement
<PAGE>

                  between Hilb, Rogal and Hamilton Company and _______________,
                  dated February 11, 2002.

Upon the written request of the Employee following the vesting of any portion of
the shares of Restricted Stock prior to any event of forfeiture under paragraph
3, the Company will promptly issue a stock certificate, without such restrictive
legend, with respect to the vested portion of the shares of the Restricted Stock
registered on the Company's books and records in the name of the Employee.
Following the expiration of the Restricted Period, the Company will promptly
issue a stock certificate, without such restrictive legend, for any shares of
Restricted Stock that have vested prior to any event of forfeiture under
paragraph 3 and have not been reissued without a restrictive legend as provided
in the preceding sentence.

                  (d) TRANSFERABILITY. During the Restricted Period, the
Employee shall not sell, assign, transfer, pledge, exchange, hypothecate, or
otherwise dispose of unvested Restricted Stock. Upon receipt by the Employee of
stock certificate(s) representing vested shares without a restrictive legend
pursuant to paragraph 2(c) above, the Employee may hold or dispose of the shares
represented by such certificate(s), subject to compliance with (i) the terms and
conditions of the Plan and this Agreement and (ii) applicable securities laws of
the United States of America and the Commonwealth of Virginia.

                  (e) SHAREHOLDER RIGHTS. Prior to any forfeiture of the shares
of Restricted Stock and while the shares are Restricted Stock, the Employee
shall, subject to the terms of this Agreement and the restrictions of the Plan,
have all rights of a shareholder with respect to the shares of Restricted Stock
awarded hereunder, including the right to receive dividends and other
distributions as and when declared by the Board of Directors of the Company and
the right to vote the shares of Restricted Stock.

<PAGE>

                  (f) TAX WITHHOLDING. The Company shall have the right to
retain and withhold from any award of the Restricted Stock, the amount of taxes
required by any government to be withheld or otherwise deducted and paid with
respect to such award. At its discretion, the Company may require the Employee
receiving shares of Restricted Stock to pay or otherwise reimburse the Company
in cash for any such taxes required to be withheld by the Company and withhold
any distribution in whole or in part until the Company is so paid or reimbursed.
In lieu thereof, the Company shall have the unrestricted right to withhold, from
any other cash amounts due (or to become due) from the Company to the Employee,
an amount equal to such taxes required to be withheld by the Company to
reimburse the Company for any such taxes (or retain and withhold a number of
shares of vested Restricted Stock, having a market value not less than the
amount of such taxes, and cancel in whole or in part any such shares so
withheld, in order to reimburse the Company for any such taxes).

         3. DEATH; DISABILITY; RETIREMENT; TERMINATION OF EMPLOYMENT. The shares
of Restricted Stock not yet vested shall become 100% vested and transferable in
the event that the Employee dies or becomes permanently and total disabled
(within the meaning of Section 22(e)(3) of the Internal Revenue Code) while
employed by the Company or an Affiliate during the Restricted Period. Upon
attaining age 62 with 10 consecutive years of service with the Company or an
Affiliate, or in any other circumstance approved by the Committee in its sole
discretion, the shares of Restricted Stock shall become 100% vested and
transferable. In all events other than those previously addressed in this
paragraph, if the Employee ceases to be an employee of the Company or an
Affiliate, the Employee shall be vested only as to that percentage of shares of
Restricted Stock which are vested at the time of the termination of his

<PAGE>

employment and the Employee shall forfeit the right to the shares of Restricted
Stock which are not yet vested on the termination date.

         4. NO RIGHT TO CONTINUED EMPLOYMENT. This Agreement does not confer
upon the Employee any right with respect to continuance of employment by the
Company or an Affiliate, nor shall it interfere in any way with the right of the
Company or an Affiliate to terminate his or her employment at any time.

         5. CHANGE OF CONTROL OR CAPITAL STRUCTURE. Subject to any required
action by the shareholders of the Company, the number of shares of Restricted
Stock covered by this award shall be proportionately adjusted and the terms of
the restrictions on such shares shall be adjusted as the Committee shall
determine to be equitably required for any increase or decrease in the number of
issued and outstanding shares of Common Stock of the Company resulting from any
stock dividend (but only on the Common Stock), stock split, subdivision,
combination, reclassification, recapitalization or general issuance to the
holders of Common Stock of rights to purchase Common Stock at substantially
below its then fair market value or any change in the number of shares of Common
Stock outstanding effected without receipt of cash, property, labor or services
by the Company or for any spin-off or other distribution of assets to
shareholders.

         In the event of a Change of Control, this award of Restricted Stock
shall immediately vest pursuant to the provisions of Section XIII(3) of the
Plan. In the event of a change in the Common Stock of the Company as presently
constituted, which is limited to a change of all or part of its authorized
shares without par value into the same number of shares with a par value, or any
subsequent change into the same number of shares with a different par value, the
shares resulting from any such change shall be deemed to be the Common Stock
within the meaning of the Plan.

<PAGE>

         The award of Restricted Stock pursuant to the Plan shall not affect in
any way the right or power of the Company to make adjustments,
reclassifications, reorganizations or changes of its capital or business
structure or to merge or to consolidate or to dissolve, liquidate, sell or
transfer all or any part of its business or assets.

         6. GOVERNING LAW. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the Commonwealth of Virginia, except to
the extent that federal law shall be deemed to apply.

         7. CONFLICTS. In the event of any conflict between the provisions of
the Plan as in effect on the date hereof and the provisions of this Agreement,
the provisions of the Plan shall govern. All references herein to the Plan shall
mean the Plan as in effect on the date hereof.

         8. EMPLOYEE BOUND BY PLAN. The Employee hereby acknowledges receipt of
a copy of the Plan and agrees to be bound by all the terms and provisions
thereof.

         9. BINDING EFFECT. Subject to the limitations stated herein and in the
Plan, this Agreement shall be binding upon and inure to the benefit of the
legatees, distributees, and personal representatives of the Employee and the
successors of the Company.

         10. FORFEITURE OF CERTAIN GAINS.

             (a) TERMINATION FOR CAUSE. If Employee's employment is
terminated for "Cause" within one year of any vesting of Restricted Stock
herein, the Employee shall pay to the Company an amount equal to the Fair Market
Value of such Restricted Stock on the date of vesting without regard to any
subsequent market price increase or decrease. For purposes of this paragraph,
"Cause" shall have the meaning ascribed to it in any employment agreement
between the Employee and the Company that is in effect at the time of
termination and, if no such agreement exists, it shall mean:
<PAGE>

                           (i) the willful and continued failure of the
Employee to perform substantially the Employee's duties with the Company or one
of its affiliates (other than any such failure resulting from incapacity due to
physical or mental illness), after a written demand for substantial performance
is delivered to the Employee by the Company which specifically identifies the
manner in which the Company believes that the Employee has not substantially
performed the Employee's duties, or

                           (ii) the willful engaging by the Employee in
illegal conduct or gross misconduct which is materially and demonstrably
injurious to the Company.

                  (b) FORFEITURE IF EMPLOYEE ENGAGES IN CERTAIN ACTIVITIES. If
Employee engages in any activity in competition with any activity of the
Company, or inimical, contrary or harmful to the interests of the Company,
including but not limited to (i) accepting employment with or serving as a
consultant advisor or in any other capacity to an employer that is in
competition with or acting against the interests of the Company, (ii) disclosing
or misusing any confidential information or material concerning the Company or
(iii) participating in any hostile takeover attempt, then (1) any unvested
Restricted Stock shall be forfeited and cancelled and (2) the Employee shall pay
to the Company an amount equal to the Fair Market Value on the date of vesting,
without regard to any subsequent market price increase or decrease, of any
Restricted Stock that vested within one year of the date such activity began.

                  (c) RIGHT OF SET-OFF. Employee hereby consents to a deduction
from any amounts owed by the Company to Employee from time to time (including
amounts owed as wages or other compensation, fringe benefits or vacation pay, to
the extent of any amounts Employee owes the Company under paragraph 10(a) and
(b). Whether or not the Company elects to make any set-off in whole or in part,
if Company does not recover by means of set-off the full amount owed by

<PAGE>

Employee under paragraphs 10(a) and (b), Employee agrees to immediately pay the
unpaid balance to the Company.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be signed
by a duly authorized Employee, and the Employee has affixed his or her signature
hereto.
                                     HILB, ROGAL AND HAMILTON COMPANY

                                     By:
                                         ------------------------------------
                                     Title:
                                           ----------------------------------

                                     [Name of officer]

                                     ----------------------------------------
                                     Signature

<PAGE>

FOR VALUE RECEIVED I, _______________, hereby sell, assign and transfer unto
HILB, ROGAL AND HAMILTON COMPANY, _________ (___) shares of the Common Stock of
Hilb, Rogal and Hamilton Company standing in my name on the books of said
Corporation represented by Certificate No. _____ herewith and do hereby
irrevocably constitute and appoint WALTER L. SMITH, or his designee or
successor, attorney to transfer the said stock on the books of the within named
Company with full power of substitution in the premises.
         Dated __________, 200_

                                             -----------------------------
                                             [Signature - exact name as it
                                             appears on certificate(s)]

                                             -----------------------------

<PAGE>

                            RESTRICTED STOCK OPTIONS
                          FOR NAMED EXECUTIVE EMPLOYEES

                                       GRANT DATE             OPTIONS GRANTED
                                       ----------             ---------------

Michael A. Janes                       02/11/2002                   3,000

Timothy J. Korman                      02/11/2002                   4,000

John P. McGrath                        02/11/2002                   4,000

Andrew L. Rogal                        02/11/2002                  10,000

Martin L. Vaughan, III                 02/11/2002                   6,000

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