Attached files
file | filename |
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EX-10.2 - THIRD AMENDMENT TO THE PROGRESSIVE CORPORATION 2003 INCENTIVE PLAN - PROGRESSIVE CORP/OH/ | dex102.htm |
8-K - CURRENT REPORT - PROGRESSIVE CORP/OH/ | d8k.htm |
Exhibit 10.1
THIRD AMENDMENT TO THE PROGRESSIVE CORPORATION
2010 EQUITY INCENTIVE PLAN
WHEREAS, The Progressive Corporation 2010 Equity Incentive Plan, as previously amended (the Plan), is currently in effect; and
WHEREAS, the Board of Directors believes that it is desirable to further amend the Plan;
NOW, THEREFORE, the Plan is hereby amended as follows:
1. | Section 8(d) of the Plan, entitled Buyout Provisions, is hereby deleted in its entirety. |
2. | Section 9(b)(vi) of the Plan is hereby amended and restated in its entirety as follows: |
(vi) Unless varied by the Committee, Stock Appreciation Rights shall be subject to the terms and conditions specified for Stock Options in Sections 8(b)(vi) and (vii).
3. | Except as expressly modified hereby, the terms of the Plan shall be unchanged. |