SEC Contract Filing

Filing Date: 2022-05-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>wrb331202210-qex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="i53a28623ce5e4df7b746055752959a49_1"></div><div style="background-color:#ffffff"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:14pt;text-align:center"><font style="color:#000000;font-family:'Times',sans-serif;font-size:17pt;font-weight:700;line-height:100%">2022 Performance Unit Award Agreement<br></font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Under the W. R. Berkley Corporation 2019 Long-Term Incentive Plan</font></div><div style="margin-bottom:13pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:11.5pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">This 2022 Performance Unit Award Agreement (this&#160;&#8220;Agreement&#8221;), effective January&#160;1, 2022, represents an Award of Performance Units by W. R. Berkley Corporation (the&#160;&#8220;Company&#8221;), to the Participant named below, pursuant to the provisions of the W. R. Berkley Corporation 2019 Long-Term Incentive Plan (as may be amended from time to time, the&#160;&#8220;Plan&#8221;). The value of the Performance Units will be determined based on the increase in the Company&#8217;s Book Value Per Share during the Performance Period, as determined below.</font></div><div><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Important jurisdiction-specific modifications to this Agreement are contained in Exhibit A hereto and are binding and incorporated herein. If there is any inconsistency between this Agreement and Exhibit A, Exhibit A shall govern.</font></div><div><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">The Plan, together with this Agreement and Exhibit A, provide a complete description of the terms and conditions governing the Award and the Performance Units, and constitute the entire agreement by and between the parties hereto with respect to the subject matter hereof, superseding all prior agreements, correspondence and understandings and all prior and contemporaneous oral agreements and understandings, among the parties with regard to that subject matter. If there is any inconsistency between the terms of this Agreement and&#47;or of Exhibit A, on the one hand, and the terms of the Plan, on the other hand, the Plan&#8217;s terms shall completely supersede and replace the conflicting terms of this Agreement and of Exhibit A. All capitalized terms in this Agreement shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein. </font></div><div><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </font></div><div style="margin-bottom:13pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">The parties hereto agree as follows&#58;</font></div><div style="margin-bottom:13pt;text-indent:22.3pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:100%">1.&#160;&#160;&#160;&#160;General Grant Information.</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> The individual named below has been selected to be a Participant in the Plan and receive a grant of Performance Units, as specified below&#58;</font></div><div style="margin-bottom:13pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;(a) Participant</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#58;</font></div><div style="margin-bottom:13pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;(b) Number of Performance Units Granted</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#58;</font></div><div style="margin-bottom:13pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;(c) Initial Value of Performance Units</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#58; $0.00</font></div><div style="margin-bottom:13pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;(d) Date of Grant</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#58; January 1, 2022</font></div><div style="margin-bottom:13pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;(e) Performance Measure</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#58; Increase in Book Value Per Share, as set forth in Section 3 below.</font></div><div style="margin-bottom:13pt;text-indent:22.5pt"><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:700;line-height:100%">2.&#160;&#160;&#160;&#160;Performance Period.</font><font style="color:#000000;font-family:'Times',sans-serif;font-size:12pt;font-weight:400;l