EX-99.4 12 l96166aexv99w4.txt EX. 99-4 DIR. & OFF. 2ND EXCESS LIABILITY BINDER EXHIBIT (99-4) Directors and Officers (Second) Excess Liability Binder of Insurance [ACE LOGO] ACE BERMUDA Corporate Officers & PO Box HM 1015 Directors Assurance Ltd. Hamilton HM DX ACE Global Headquarters Bermuda FAX TRANSMISSION 17 Woodbourne Avenue BINDER Hamilton HM 08 441 295-5200 main Bermuda www.acelimited.com This message is intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law.
To: From: Paul Scope Jonathan Evans ------------------------------ -------------------- Company: Fax: H&H Park International 292-2514 ------------------------------ -------------------- Department: Tel: 299-9219 ------------------------------ -------------------- Fax: Date: 295-4622 June 27, 2002 ------------------------------ -------------------- Tel: E-mail: ------------------------------ -------------------- Re: Pages including cover: Procter & Gamble 1 Corporate Officers and Directors Assurance Ltd. (CODA) is pleased to confirm binding the following: Policy Period: June 30th, 2002 to June 30th, 2003 Limit of Liability: $25 million Primary Premium: $420,000.00 Gross Less 10% Commission: $ 42,000.00 --------------- Premium Due: $378,000.00 Net --------------- SPECIAL CONDITIONS: 1. Binding is subject to receipt of $378,000.00 net on or before July 8th, 2002. In the event the premium is not received by this date, this binder is null and void ab initio. 2. The cover provided will be Primary. 3. Cover will continue on policy form CODA Premier 01 ED 10/00. 4. Endorsements to be included: - as expiring Best Regards, /s/ Jonathan Evans Jonathan Evans One of the ACE Group of Insurance & Reinsurance Companies [ACE LOGO] ACE BERMUDA ACE Bermuda PO Box HM 1015 FAX TRANSMISSION Insurance Ltd. Hamilton HM DX BINDER ACE Global Headquarters Bermuda 17 Woodbourne Avenue Hamilton HM 08 441 295-5200 main This message is Bermuda www.acelimited.com intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law.
To: From: Paul Scope Jonathan Evans --------------------------------- ------------------------------- Company: Fax: H&H Park International 441-292-2514 --------------------------------- ------------------------------- Department: Tel: 441-299-9219 --------------------------------- ------------------------------- Fax: Date: 295-4622 June 27, 2002 Re: Pages including cover: Procter & Gamble 1 ACE Bermuda Insurance Ltd. is pleased to confirm binding the following: POLICY PERIOD. JUNE 30TH, 2002--JUNE 30TH, 2003 LIMIT OF LIABILITY: $25M ATTACHMENT: $50M AGGREGATE: $25M PREMIUM: $365,750.00 LESS 12% COMMISSION: $ 43,890.00 ----------- PREMIUM DUE: $321,860.00 ----------- STRUCTURE: NAME LIMITS D&O C.R. CODA $25M $25M SIR XL $25M $25M SPECIAL CONDITIONS 1. Binding is subject to receipt of $321,860.00 net on or before July 8th, 2002. In the event the premium is not received by this date, this binder is null and void ab initio. 2. This binder is contingent on no layer above us getting a higher rate per million. 3. Followed Policy is XL, based on May 29th, 2002 quote letter. 4. Discovery Period & Pct: as per followed policy 5. Cancellation Period: as by followed policy 6. Coverage is D&O and C.R. 7. Cover will be issued on Policy Form D&O 5/96, policy no. PG-9709D 8. Endorsements to be included: As expiring Best regards, /s/ Jonathan Evans Jonathan Evans ACE BERMUDA INSURANCE LTD. One of the ACE Group of Insurance & Reinsurance Companies