FARM FAMILY LIFE INSURANCE COMPANY
ANNUAL INCENTIVE PLAN
TERMINATION
WHEREAS, the Board of Directors of the Company adopted the Farm Family Life
Insurance Company Annual Incentive Plan, effective as of January 1, 1997, as
amended and restated as of October 27, 1998, and further amended by Amendment
No. 1 thereto dated as of July 28, 1999 (as amended and restated, the "Farm
Family Life Annual Incentive Plan"); and
WHEREAS, on April 6, 1999 Farm Family Life Insurance Company became a
wholly-owned subsidiary of Farm Family Holdings, Inc. and Farm Family Holdings,
Inc. has an Annual Incentive Plan with substantially identical terms to the Farm
Family Life Annual Incentive Plan; and
WHEREAS, all awards granted to participants under the Farm Family Life Annual
Incentive Plan have been paid and the Farm Family Life Annual Incentive Plan is
no longer required; and
WHEREAS, pursuant to Section 8.06 of the Plan the Board may terminate the Farm
Family Life Annual Incentive Plan at any time and the Board desires to terminate
the Farm Family Life Annual Incentive Plan.
NOW, THEREFORE, the Farm Family Life Annual Incentive Plan be, and hereby is,
terminated, effective April 25, 2000.
IN WITNESS WHEREOF, Farm Family Life Insurance Company by authority of its Board
of Directors, has caused this Termination to be duly executed effective as of
April 25, 2000.
Farm Family Life Insurance Company
By: /s/ Philip P. Weber
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Philip P. Weber
Title: President & Chief Executive Officer
Date: 8/2/00
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