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As Of Filer Filing For·On·As Docs:Size 2/23/18 Rli Corp 10-K 12/31/17 104:37M |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 3.26M
2: EX-10.1 Material Contract HTML 92K
3: EX-10.4 Material Contract HTML 180K
4: EX-10.7 Material Contract HTML 90K
5: EX-10.8 Material Contract HTML 57K
6: EX-21.1 Subsidiaries List HTML 40K
7: EX-23.1 Consent of Experts or Counsel HTML 30K
8: EX-31.1 Certification -- §302 - SOA'02 HTML 35K
9: EX-31.2 Certification -- §302 - SOA'02 HTML 35K
10: EX-32.1 Certification -- §906 - SOA'02 HTML 31K
11: EX-32.2 Certification -- §906 - SOA'02 HTML 31K
18: R1 Document and Entity Information HTML 56K
19: R2 Consolidated Balance Sheets HTML 124K
20: R3 Consolidated Balance Sheets (Parenthetical) HTML 52K
21: R4 Consolidated Statements of Earnings and HTML 106K
Comprehensive Earnings
22: R5 Consolidated Statements of Shareholders' Equity HTML 72K
23: R6 Consolidated Statements of Shareholders' Equity HTML 31K
(Parenthetical)
24: R7 Consolidated Statements of Cash Flows HTML 151K
25: R8 Investments HTML 902K
26: R9 Policy Acquisition Costs HTML 92K
27: R10 Debt HTML 36K
28: R11 Reinsurance HTML 193K
29: R12 Historical Loss and Lae Development HTML 2.01M
30: R13 Income Taxes HTML 177K
31: R14 Employee Benefits HTML 220K
32: R15 Statutory Information and Dividend Restrictions HTML 53K
33: R16 Commitments and Contingent Liabilities HTML 49K
34: R17 Operating Segment Information HTML 298K
35: R18 Unaudited Interim Financial Information HTML 134K
36: R19 Acquisitions and Dispositions HTML 32K
37: R20 Schedule I-Summary of Investments-Other Than HTML 130K
Investments in Related Parties
38: R21 Schedule Ii-Condensed Financial Information of HTML 328K
Registrant (Parent Company)
39: R22 Schedule Iii-Supplementary Insurance Information HTML 313K
40: R23 Schedule Iv-Reinsurance HTML 176K
41: R24 Schedule V-Valuation and Qualifying Accounts HTML 73K
42: R25 Schedule Vi-Supplementary Information Concerning HTML 116K
Property-Casualty Insurance Operations
43: R26 Summary of Significant Accounting Policies HTML 385K
(Policies)
44: R27 Summary of Significant Accounting Policies HTML 236K
(Tables)
45: R28 Investments (Tables) HTML 893K
46: R29 Policy Acquisition Costs (Tables) HTML 92K
47: R30 Reinsurance (Tables) HTML 186K
48: R31 Historical Loss and Lae Development (Tables) HTML 2.00M
49: R32 Income Taxes (Tables) HTML 169K
50: R33 Employee Benefits (Tables) HTML 199K
51: R34 Statutory Information and Dividend Restrictions HTML 43K
(Tables)
52: R35 Commitments and Contingent Liabilities (Tables) HTML 45K
53: R36 Operating Segment Information (Tables) HTML 290K
54: R37 Unaudited Interim Financial Information (Tables) HTML 132K
55: R38 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 38K
Description of Business (Details)
56: R39 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 71K
Accounting Standards (Details)
57: R40 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 32K
Investments (Details)
58: R41 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 37K
Property and Equipment (Details)
59: R42 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 81K
Investment in Unconsolidated Investees (Details)
60: R43 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 85K
Intangible Assets (Details)
61: R44 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 66K
Earnings Per Share (Details)
62: R45 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 82K
Changes in Accumulated Other Comprehensive
Earnings (Details)
63: R46 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 33K
Insurance Risk (Details)
64: R47 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 38K
Catastrophe Exposures (Details)
65: R48 INVESTMENTS - Net Investment Income (Details) HTML 49K
66: R49 INVESTMENTS - Realized and Unrealized Gains HTML 69K
(Details)
67: R50 INVESTMENTS - Disposition of Fixed Securities and HTML 48K
Equities (Details)
68: R51 INVESTMENTS - Assets Measured At Fair Value HTML 79K
(Details)
69: R52 INVESTMENTS - Fixed Income Securities By HTML 65K
Contractual Maturity (Details)
70: R53 INVESTMENTS - Investments In Fixed Income HTML 82K
Securities (Details)
71: R54 INVESTMENTS - Types of Debt and Equity Securities HTML 107K
(Details)
72: R55 INVESTMENTS - Portfolio Analysis (Details) HTML 54K
73: R56 INVESTMENTS - Other Invested Assets (Details) HTML 63K
74: R57 Policy Acquisition Costs (Details) HTML 59K
75: R58 Debt (Details) HTML 69K
76: R59 REINSURANCE - Summary of Premiums and Losses HTML 67K
(Details)
77: R60 REINSURANCE - Summary of Reinsurers (Details) HTML 112K
78: R61 HISTORICAL LOSS AND LAE DEVELOPMENT - Unpaid HTML 61K
Losses and Settlement Expenses (Details)
79: R62 HISTORICAL LOSS AND LAE DEVELOPMENT - Incurred HTML 333K
Losses and Loss Adjustment Expenses, Net of
Reinsurance (Details)
80: R63 HISTORICAL LOSS AND LAE DEVELOPMENT - Cumulative HTML 83K
Paid Loss and Loss Adjustment Expenses, Net of
Reinsurance (Details)
81: R64 HISTORICAL LOSS AND LAE DEVELOPMENT - HTML 71K
Reconciliation of Incurred and Paid Loss
Develeopment to the Liability for Unpaid Losses
and Settlement Expenses (Details)
82: R65 HISTORICAL LOSS AND LAE DEVELOPMENT - Reserve HTML 91K
Development (Details)
83: R66 HISTORICAL LOSS AND LAE DEVELOPMENT - HTML 52K
Environmental, Asbestos and Mass Tort Exposures
(Details)
84: R67 Income Taxes (Details) HTML 155K
85: R68 EMPLOYEE BENEFITS - Stock Ownership and Incentive HTML 58K
Plans (Details)
86: R69 EMPLOYEE BENEFITS - Stock Options and Stock Plans HTML 178K
(Details)
87: R70 Statutory Information and Dividend Restrictions HTML 62K
(Details)
88: R71 Commitments and Contingent Liabilities (Details) HTML 63K
89: R72 OPERATING SEGMENT INFORMATION - Summary of HTML 119K
Segments (Details)
90: R73 OPERATING SEGMENT INFORMATION - Revenue by Product HTML 93K
(Details)
91: R74 Unaudited Interim Financial Information (Details) HTML 55K
92: R75 Acquisitions and Dispositions (Details) HTML 43K
93: R76 Schedule I-Summary of Investments-Other Than HTML 76K
Investments in Related Parties (Details)
94: R77 Schedule Ii-Condensed Financial Information of HTML 111K
Registrant (PARENT COMPANY) - Balance Sheets
(Details)
95: R78 Schedule Ii-Condensed Financial Information of HTML 51K
Registrant (PARENT COMPANY) - Balance Sheets
(Parenthietical) (Details)
96: R79 Schedule Ii-Condensed Financial Information of HTML 93K
Registrant (PARENT COMPANY) - Statements of
Earnings and Comprehensive Earnings (Details)
97: R80 Schedule Ii-Condensed Financial Information of HTML 145K
Registrant (PARENT COMPANY) - Statements of Cash
Flows (Details)
98: R81 Schedule Iii-Supplementary Insurance Information HTML 71K
(Details)
99: R82 Schedule Iv-Reinsurance (Details) HTML 55K
100: R83 Schedule V-Valuation and Qualifying Accounts HTML 38K
(Details)
101: R84 Schedule Vi-Supplementary Information Concerning HTML 60K
Property-Casualty Insurance Operations (Details)
103: XML IDEA XML File -- Filing Summary XML 185K
102: EXCEL IDEA Workbook of Financial Reports XLSX 165K
12: EX-101.INS XBRL Instance -- rli-20171231 XML 12.80M
14: EX-101.CAL XBRL Calculations -- rli-20171231_cal XML 368K
15: EX-101.DEF XBRL Definitions -- rli-20171231_def XML 1.11M
16: EX-101.LAB XBRL Labels -- rli-20171231_lab XML 2.26M
17: EX-101.PRE XBRL Presentations -- rli-20171231_pre XML 1.66M
13: EX-101.SCH XBRL Schema -- rli-20171231 XSD 273K
104: ZIP XBRL Zipped Folder -- 0000084246-18-000011-xbrl Zip 459K
| rli_Ex10-1 |
Exhibit 10.1
_____________________________________________________________________________________
The RLI Corp. Directors’ Irrevocable Trust Agreement
_____________________________________________________________________________________
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I. |
Recitals |
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A. |
Adoption of Plan |
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B. |
This Agreement |
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C. |
Unfunded Status |
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II. |
Agreements |
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1. |
Irrevocability: Irrevocable Deposits |
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1.1 |
Date of Irrevocability |
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1.2 |
Initial Deposit |
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1.3 |
Additional Deposits |
1 |
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1.4 |
Absence of Reversion |
2 |
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1.5 |
Corporation Creditor Claims |
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Distributions Pursuant to the Plan |
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2.1 |
Distribution Dates, Amounts and Form |
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2.2 |
Reporting and Withholding of Applicable Taxes |
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3 |
Trustee Responsibility Regarding Distributions in the Event of the Insolvency of the Corporation |
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4 |
Investment Authority |
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4.1 |
Nature of the Investments |
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4.2 |
Substitution of Assets |
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5 |
General Responsibilities of and With Respect to the Trustee |
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5.1 |
Annual Accountings Required of the Trustee |
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5.2 |
Application of Proceeds |
3 |
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5.3 |
Identity of Trustee |
3 |
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5.4 |
Merger of Trusts |
3 |
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5.5 |
Responsibility of Successor Trustee for Acts of Predecessor |
3 |
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5.6 |
Trustee’s Fees; Income and Principal Charges |
3 |
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5.7 |
Trustee’s Reliance Upon Information |
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5.8 |
Waiver of Bond |
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6 |
Trustee’s Powers |
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6.1 |
Allocation of the Fund |
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6.2 |
Ancillary Administration |
4 |
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6.3 |
Ascertainment and Allocation of Principal and Income |
4 |
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6.4 |
Conservation of the Fund |
4 |
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6.5 |
Depreciation of Tangible Property |
4 |
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6.6 |
Distribution or Division of any Portion of the Fund |
4 |
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6.7 |
Employment of Assistants |
4 |
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6.8 |
Transfer of Situs of a Trust |
4 |
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7 |
Indemnification, Amendment and Termination |
5 |
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7.1 |
Indemnification |
5 |
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7.2 |
Amendment |
5 |
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7.3 |
Termination |
5 |
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8 |
Choice of Law, Incorporation by Reference, and Interpretive Guidelines |
5 |
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8.1 |
Choice of Law |
5 |
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8.2 |
Incorporation by Reference: Internal Revenue Code Sections |
5 |
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8.3 |
Interpretive Guidelines |
5 |
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Glossary |
5 |
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Accounting Year |
5 |
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Corporation |
5 |
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Execution Date |
5 |
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Person |
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Plans |
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III. |
Execution |
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i
THIS DIRECTORS’ IRREVOCABLE TRUST AGREEMENT is made on the Execution Date by and between RLI Corp. (“Corporation”) and the undersigned (“Trustee”).
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I. |
Recitals
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A. |
Adoption of Plans |
The Corporation has adopted the Director Deferred Compensation Plans for the benefit of its current directors in the form attached hereto and may periodically adopt similar plans for the benefit of future directors (collectively defined as the “New Plans”). The Corporation has adopted predecessor versions of the New Plans (the “Old Plans”) which the directors and the Corporation have restated in the form of the New Plans. The New Plans and the Old Plans are collectively defined as the “Plans”.
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B. |
This Agreement |
The Corporation has incurred or expects to incur liability under the Plans. With a view toward providing the Corporation with a source of funds to assist it in satisfying its liabilities under the Plans, the Corporation wishes to establish this Agreement and to transfer assets to the Trustee to be held and disposed of as provided in this Agreement, subject to the claims of the Corporation’s creditors in the event of the Corporation’s insolvency, to be held by the Trustee until distribution pursuant to the Plans. This Agreement is intended to be a grantor trust, of which the Corporation is the grantors, within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of 1986, as amended (“Code”) and shall be construed accordingly.
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C. |
Unfunded Status |
Notwithstanding the fact that the Plan Benefit under the Plans shall be satisfied from property held by the Trustee, this Agreement shall constitute an unfunded arrangement as defined in Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”). If this Agreement is subject to the provisions of ERISA, then such transfer shall not affect the status of the Plans as unfunded plans maintained for the purpose of providing deferred compensation for a select group of management or highly compensated individuals under ERISA.
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II. |
Agreements |
NOW, THEREFORE, the Parties hereby agree as follows:
1.Irrevocability: Irrevocable Deposits
1.1Date of Irrevocability
This Agreement shall become irrevocable ten (10) days after the first to occur of the issuance of a favorable private letter ruling regarding the Federal income tax aspects of this Agreement and the Plans from the Internal Revenue Service, the receipt by the Trustee of an opinion of counsel to the Corporation regarding the Federal income tax aspects of this Agreement and the Plans, or the advice to the Trustee by the Corporation that neither condition expressed in the preceding phrases shall be satisfied.
1.2Initial Deposit
The Corporation hereby deposits with the Trustee the number of its shares as are equivalent to the Plan Benefits earned under the Plans determined as of the Execution Date. The Corporation may periodically deposit such additional number of its shares or other assets as are equivalent to the Plan Benefits periodically earned under the terms of the Plans subsequent to the Execution Date.
The shares, other assets, income, gains and earnings thereon (collectively defined as the “Fund”) shall be held and disposed of as provided in this Agreement.
1.3 Additional Deposits
The Corporation shall irrevocably deposit additional shares or other property in an amount sufficient to discharge all liability of the Corporation under the Plans within the thirty (30) day period beginning on the close of each Accounting Year. No Person shall have any right to compel any additional deposit.
1.4Absence of Reversion
The Corporation may not direct the Trustee to return to the Corporation or to divert to any Person other than as provided under the Plans any portion of the Fund after this Agreement has become irrevocable and before all Plan Benefits have been distributed pursuant to the Plans.
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1.5 Corporation Creditor Claims
Except as otherwise provided in the following paragraph, the Fund shall be held separate and apart from other assets of the Corporation and shall be held and distributed pursuant to the Plans. No Plan participant or beneficiary shall have any preferred claim on or any beneficial ownership interest in any portion of the Fund. Any right created under the Plans and this Agreement shall constitute unsecured contractual rights of Plan participants and their beneficiaries against the Corporation.
The Fund shall at all times be subject to the claims of the Corporation's general creditors under all applicable Federal and state law.
2.Distributions Pursuant to the Plan
2.1Distribution Dates, Amounts and Form
The Trustee shall distribute the Fund as, when, to the extent and in the form expressed in the Plans or as otherwise directed by the corporation. If the Fund is not sufficient to make all payments pursuant to the Plans, the Trustee shall notify the Corporation of any such shortfall. The Corporation shall make any shortfall payment.
2.2Reporting and Withholding of Applicable Taxes
The Trustee shall make provision for the reporting and withholding of any Federal, state or local taxes that may be required to be withheld with respect to distributions pursuant to the Plans.
3.Trustee Responsibility Regarding Distributions in the Event of the Insolvency of the Corporation
If the Corporation shall become insolvent, the Trustee shall stop making distributions pursuant to the Plans during the period of the Corporation's insolvency. If the Trustee stops making distributions pursuant to the Plans and subsequently resumes such distributions, the first distribution shall include the sum of all distributions due pursuant to the Plans, less the sum of the payments made by the Corporation during the period beginning with the cessation of distributions by the Trustee.
The Corporation must inform the Trustee of the Corporation's insolvency. Absent actual knowledge of the Corporation's insolvency by the Trustee, the Trustee shall have no duty to inquire as to the insolvency status of the corporation. Notwithstanding the failure of the Corporation to advise the Corporation of the Corporation's insolvency, if a Person who claims to be a creditor of the Corporation and alleges the existence of the Corporation's insolvency, the Trustee shall stop making distributions pursuant to the Plans until the Trustee shall have determined that the Corporation is not insolvent. The Corporation shall be considered insolvent if the Corporation is unable to pay its debts as they become due, or if the Corporation is subject to a pending proceeding as a debtor under the United States Bankruptcy Code, or if the Corporation is determined to be insolvent by applicable Federal and state regulatory agencies.
4. Investment Authority
4.1Nature of Investments
The Trustee shall invest in shares of the corporation and shall purchase additional shares of the Corporation with any cash dividend. Except with respect to voting rights with respect to any share of the Corporation, the Trustee shall exercise all rights with respect to the Fund. The Corporation shall exercise any voting right with respect to any share of the Corporation.
Notwithstanding any provision in this Agreement to the contrary, the Trustee may not loan any portion of the Fund to the Corporation, to any director or to any other Person, directly or indirectly associated with the Corporation, and may not permit the Corporation, a director or any other Person to direct the Trustee with respect to the investment of the Fund.
4.2 Substitution of Assets
The Corporation may periodically substitute assets of equal fair market value for any asset held by the Trustee, exercisable by the Corporation in a non-fiduciary capacity without the approval or consent of any Person in any fiduciary capacity.
5.General Responsibilities of and With Respect to the Trustee
The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a 1ike character and with like aims; however, the Trustee shall incur no liability to any Person for any action taken or omitted pursuant to the Plans, or a direction given to the Trustee by the Corporation.
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5.1Annual Accountings Required of Trustee
The Trustee shall render an account of its receipts and disbursements and the then current fair market value of the Fund to the Corporation not less often than annually.
5.2Application of Proceeds
No Person paying money or delivering any property to a Trustee need see to its application.
5.3Identity of Trustee
Bank One, Peoria shall act as Trustee. If at anytime Bank One, Peoria resigns, refuses or is unable or unwilling to act as Trustee, then such Independent Person as the Corporation periodically appoints shall act as Trustee.
“Independent Person” means any corporation authorized to transact trust business in the State of Illinois, no shares of which are owned directly or indirectly by the Corporation or any director of the Corporation.
Any Trustee may be removed by the Corporation; however, no removal shall be effective unless on or before the effective date of the removal, another Trustee is appointed. Any Trustee may resign by giving written notice to the Corporation.
5.4Merger of Trusts
If a Trustee is holding any trust under this Agreement for the benefit of the Corporation pursuant to the Plans having substantially similar terms, it may consolidate them and hold them as a single trust.
5.5 Responsibility of Successor Trustee for Acts of Predecessor
No successor Trustee shall be responsible for any act or omission of a predecessor. Any successor Trustee shall, with the written approval of such Persons appointing it, accept the accounts rendered without examination or review and the Fund delivered without incurring any liability or responsibility for so doing. Any successor Trustee shall have all the title, powers and discretion of the Trustee succeeded without the necessity of any conveyance or transfer.
Any corporate successor to the trust business of any corporate Trustee shall become Trustee in place of its predecessor without the necessity of any conveyance or transfer.
5.6Trustee’s Fees; Income and Principal Charges
Any Trustee shall be entitled to a reasonable fee for services rendered and reimbursement for reasonable expenses incurred and paid. The Trustee's regular annual compensation shall be paid by the Corporation and if not paid within thirty (30) days from the date the Corporation receives the Trustee's statement, shall be charged half against income and half against principal, except that the Trustee shall have full discretion to periodically charge a larger portion or all against income without being limited to circumstances specified by state law.
5.7Trustee’s Reliance Upon Information
A Trustee may rely upon any notice, certificate, affidavit, letter, telegram, or other paper or document believed to be genuine or upon any evidence deemed by it to be sufficient in making any payment or distribution hereunder. The Trustee Shall incur no liability for any payment or distribution made in good faith and without actual notice or knowledge of a changed condition or status affecting any Person's interest in any trust created.
5.8Waiver of Bond
To the extent that any such requirements can legally be waived, no Trustee shall be required to give any bond as Trustee, to qualify before, be appointed by or, in the absence of breach of trust, account to any court, or to obtain the order or approval of any court in the execution of any power or discretion hereunder.
6.Trustee’s Powers
Except as otherwise provided in the following sentence, the Trustee shall have the powers expressed in the following sections and, except to the extent inconsistent with any such power, any others that may be granted by law, none of which may be exercised
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by either the Corporation or any other Person. The Trustee may not carry on a business and dividing gains therefrom within the meaning of Code Regs. §301.7701-2 as periodically amended.
6.1Allocation of the Fund
The Trustee may allocate different kinds or disproportionate in property or undivided interests in property in accordance with the provisions of the Plans.
6.2 Ancillary Administration
The Trustee may appoint a corporation authorized under the laws of the United States or of any state to administer trusts with respect to any portion of the Fund situated in any jurisdiction in which the then acting Trustee is unable or unwilling to act. The Trustee so appointed shall have all the title, powers and discretion with respect to that property that are given to the principal Trustee. The net income from that portion of the Fund and any net proceeds of its sale shall be paid over to the principal Trustee.
6.3Ascertainment and Allocation of Principal and Income
The Trustee may determine the manner of ascertainment of income and principal and the allocation or apportionment between income and principal of all receipts and disbursements.
6.4Conservation of the Fund
The Trustee may take any action with respect to conserving or realizing upon the value of any portion of the Fund, and with respect to foreclosures, reorganizations or other changes affecting the Fund. Further, the Trustee may collect, pay, contest, compromise or abandon claims of or against the trust estate wherever situated, and may execute contracts, notes, conveyances and other instruments, including instruments containing covenants and warranties binding upon and creating a charge against the Fund and containing provisions excluding personal liability.
6.5Depreciation of Tangible Property
The Trustee may establish out of income and credit to principal reasonable reserves for the depreciation of tangible property.
6.6 Distribution or Division of any Portion of the Fund
Except as otherwise provided in the Plans, the Trustee may make any distribution or division of the Fund in cash or in kind, or both, and may continue to exercise any powers and discretion hereunder for a reasonable period after the termination of the Trust, but only for so long as no rule of law relating to perpetuities would be violated.
6.7Employment of Assistants
The Trustee may employ attorneys, auditors, depositaries, proxies and agents with or without discretionary powers, and may keep any property in the name of a Trustee or a nominee with or without disclosure of any fiduciary relationship, or in bearer form.
6.8Transfer of Situs of a Trust
The Trustee may transfer the situs of any trust to any other jurisdiction as often as the Trustee deems it advantageous to the trust, appointing a substitute Trustee to itself to act with respect thereto. The Trustee may delegate to the substitute Trustee any or all of the powers given to the Trustee which may elect to act as advisor to the substitute Trustee and shall receive a reasonable fee for so acting. Further, the Trustee may remove any acting substitute Trustee and appoint another or reappoint itself at will.
7.Indemnification, Amendment and Termination
7.1Indemnification
The Corporation must indemnify, pay and hold harmless the Trustee from or in respect of any claim, due or demand, including any reasonable attorneys' fee, cost and expense incurred, asserted by any Person arising out of any act or omission taken or omitted by the Trustee pursuant to the terms of this Agreement, the Plans or direction by the Corporation.
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7.2Amendment
This Agreement may be amended by a written instrument executed by the Trustee and the Corporation before this Agreement becomes irrevocable.
7.3 Termination
The Agreement shall terminate immediately after all Plan Benefits are distributed pursuant to the terms of the Plans. Upon the termination of this Agreement, the excess of the Fund over all Plan Benefits shall be returned to the Corporation.
8.Choice of Law, Incorporation by Reference, and Interpretive Guidelines
8.1Choice of Law
The laws of the State of Illinois shall govern the validity, interpretation and administration of this Agreement.
8.2Incorporation by Reference; Internal Revenue Code Sections
The paragraphs under the heading “I. RECITALS:” are referred to in this Agreement are a part of this Agreement.
8.3Interpretive Guidelines
The words and phrases set off by quotation marks in the Glossary have the meanings therein indicated. Any word or phrase which appears in this Agreement in parenthesis, set off by quotation marks and capitalized has the meaning denoted by its context. Whenever the words and phrases defined either in the Glossary or elsewhere in this Agreement are intended to have their defined meanings, the first letter of such word or the first letters of all substantive words in such phrase shall be capitalized. When the context permits, a word or phrase used in the singular includes the plural, and when used in any gender, its meaning also includes all genders. Captions of Sections are inserted as a matter of convenience only and do not define, limit or extent the scope or intent of this Agreement or any provision hereof.
9.Glossary
“Accounting Year” means the twelve (12) consecutive month period beginning January 1, which shall change as, when and to the extent the fiscal year of the Corporation shall change.
“Corporation” means RLI Corp.
“Execution Date” means the date upon which this Plan is signed by the last Party to sign this Plan.
“Person” means an individual, partnership, corporation, trust, unincorporated organization, a government or any department or agency thereof, other business or other entity, or any combination of one or more of the foregoing.
“Plans” is defined at Recital A. Adoption of Plans.
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III. |
Execution: |
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Corporation: |
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Trustee: |
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RLI Corp. |
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Bank One, Peoria |
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By: /s/ James E. Zogby |
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By: /s/ Kevin A. Jones |
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Its: Treasurer |
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Its: Senior Vice President |
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Attest: /s/ Joseph E. Dondanville |
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Attest: /s/ Donna L. Miller |
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Its: Senior Vice President and CFO |
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Its: Trust Officer |
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Dated: June 18, 1993 |
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Dated: June 18, 1993 |
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| This ‘10-K’ Filing | Date | Other Filings | ||
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| Filed on: | 2/23/18 | |||
| For Period end: | 12/31/17 | 5 | ||
| 6/18/93 | ||||
| List all Filings | ||||