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This employment agreement involves UNITED AMERICA INDEMNITY, . An employment contract is an agreement entered into between an employer and an employee which describes the nature of their business relationship. This includes a discussion of roles and responsibilities, compensation etc. An employment contract serves a number of beneficial purposes. It provides the employee with the basic conditions of their employment including basic duties, salary, and benefits. The agreement also protects the employer by stating the employer's expectations for the employee and grounds for termination.

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Word Document
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Posted:
08/05/09
Categories
DocStore > Agreements > Employment Agreements
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Employment Agreement, UNITED AMERICA INDEMNITY Employment Agr..., Penn-America Group Inc. Employment Agree..., Insurance (Prop. and Casualty) Employmen..., FINANC Employment Agreement
letters of intent

UNITED AMERICA INDEMNITY Employment Agreement

EXHIBIT 10.17 October 14, 2004 Jon S. Saltzman 420 S. York Road Hatboro, PA 19040 Dear Jon: Reference is made to Executive Employment Agreement dated as of October 14, 2004 (the "Agreement") between you, Penn-America Group, Inc., its insurance subsidiaries and United America Indemnity, Ltd. (such entities, the "Company"). Capitalized terms not otherwise defined herein shall have the same meaning as their counterparts in the Agreement. If the Company terminates Executive's employment on or before the first anniversary date of the Closing, and if it shall be determined that as a result of such termination that any amount or benefit paid or distributed to the Executive pursuant to