THE PMI GROUP, INC.
SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN
EFFECTIVE APRIL 1, 1995
(Amended and Restated as of May 20, 1999)
TABLE OF CONTENTS
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Page
ARTICLE I DEFINITIONS...................................................... 1
1.01 "Committee"..................................................... 1
1.02 "Company"....................................................... 1
1.03 "Covered Compensation".......................................... 1
1.04 "Employer"...................................................... 1
1.05 "Final Average Compensation".................................... 1
1.06 "Participant"................................................... 1
1.07 "Plan".......................................................... 1
1.08 "Retirement Plan Benefits"...................................... 1
1.09 "Retirement Plan"............................................... 1
1.10 "Retired Participant"........................................... 1
1.11 "Spouse"........................................................ 1
1.12 "Trust"......................................................... 1
1.13 "Year of Benefit Accrual Service"............................... 1
ARTICLE II INTRODUCTION.................................................... 2
2.01 Purpose......................................................... 2
2.02 Administration.................................................. 2
ARTICLE III ELIGIBILITY AND AMOUNT OF BENEFITS............................. 2
3.01 Eligibility..................................................... 2
3.02 Amount of Benefit............................................... 2
3.03 Preretirement Surviving Spouse Benefit.......................... 2
3.04 Death Benefits After Retirement................................. 3
ARTICLE IV