EX-10.27
from S-1/A
3 pages
October 4, 2006 Mr. John A. Marazza 400 Alton Road Miami Beach, Fl 33139 Dear John: I Am Pleased to Offer You the Position of Executive Vice President, Chief Financial Officer, Treasurer, and Secretary of First Mercury Financial Corporation (Fmfc), Effective as July 1, 2006, With the Following Terms: • Base Salary: $325,000 Annual • Target Cash Bonus: 50% of Base Salary ($125,000 Guaranteed for 2006) • Restricted Stock: • 52 Shares of Restricted Stock • 50% Vested on Date of Grant; 50% Vests Monthly Over 4 Years • Vesting Accelerates to 100% (I) 6 Months After Completion of Ipo or Change in Control or (II) Upon Termination of Marazza’s Employment by Fmfc for Any Reason
12/34/56