SEC Contract Filing

Filing Date: 2017-05-10

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>c996-20170331xex10_1.htm
<DESCRIPTION>EX-10.1
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 EXHIBIT 101
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 <a name="_GoBack"></a><font style="display: inline;">FORM OF RESTRICTED STOCK AGREEMENT</font>
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 <font style="display: inline;font-weight:bold;">FEDERATED NATIONAL HOLDING COMPANY</font>
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 <font style="display: inline;font-weight:bold;">RESTRICTED STOCK AGREEMENT</font>
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 <font style="display: inline;font-weight:bold;">FOR</font>
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 <font style="display: inline;font-weight:bold;">[RECIPIENT]</font>
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 <font style="display: inline;">1</font><font style="display: inline;">.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">Award of Restricted Stock</font><font style="display: inline;">.&nbsp;&nbsp;Federated National Holding Company (the &#x201C;Company&#x201D;) hereby grants, as of </font><font style="display: inline;font-weight:bold;">[GRANT DATE]</font><font style="display: inline;"> (the &#x201C;</font><font style="display: inline;">Date of Grant</font><font style="display: inline;">&#x201D;), to </font><font style="display: inline;font-weight:bold;">[RECIPIENT], [QUANTITY]</font><font style="display: inline;"> restricted shares of the Company&#x2019;s Common Stock, par value $0.01 per share (collectively the "</font><font style="display: inline;">Restricted Stock</font><font style="display: inline;">").&nbsp;&nbsp;The Restricted Stock is being issued pursuant to the Company&#x2019;s 2012 Stock Incentive Plan as amended (the &#x201C;Plan&#x201D;), which is incorporated herein for all purposes.&nbsp;&nbsp;The Restricted Stock shall be subject to the terms, provisions and restrictions set forth in this Agreement and in the Plan.&nbsp;&nbsp;As a condition to entering into this Agreement, and as a condition to the issuance of any Shares (or any other securities of the Company), the Recipient agrees to be bound by all of the terms and conditions herein and in the Plan.&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise provided herein, terms used herein that are defined in the Plan and not defined herein shall have the meanings attributable thereto in the Plan.</font>
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 <font style="display: inline;">2</font><font style="display: inline;">.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">Vesting of Restricted Stock</font><font style="display: inline;">.</font>
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 <font style="display: inline;">(a)</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;">Except as otherwise provided in Sections 2(b), 2(c), 2(d), 2(e) and 4 hereof, provided that the continuous service of the Recipient continues through and on the applicable Vesting Date, the shares of Restricted Stock shall become vested in the following amounts, at the following times and upon the following conditions:</font>
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 <font style="display: inline;text-decoration:underline;">Number of Shares of Restricted Stock</font></p>
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 <font style="display: inline;font-weight:bold;">[QUANTITY]</font></p>
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 <font style="display: inline;font-weight:bold;">[QUANTITY]</font></p>
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 <font style="display: inline;font-weight:bold;">[QUANTITY]</font></p>
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