EXECUTIVE EMPLOYMENT AGREEMENT
THIS AGREEMENT, dated June 2, 2003 by and between American Physicians Assurance Corporation, a
Michigan corporation having a principal place of business in East Lansing, Michigan, its successors, assigns,
affiliates, and related companies (the "Company") and Thomas Chase (the "Executive").
WHEREAS, the Executive currently serves as the Chief Information Officer of APCapital;
WHEREAS, the Company desires to obtain the Executive's agreement to continue to serve as Chief Information
Officer of the Company, and to obtain certain restrictions on the Executive's potential competition with the
Company during the term of the Executive's employment and when and if Executive's employment with the
Company terminates; and
WHEREAS, the Company desires to employ the Executive in accordance with the terms and conditions of this
Agreement and Executive desires to be so employed by the Company.
NOW, THEREFORE, in consideration of the mutual covenants and promises and other valuable consideration,
contained herein, the parties hereto hereby agree as follows:
1. EMPLOYMENT. The Company employs the Executive to render services as Chief Information Officer of
APCapital, the Executive accepts such employment, in accordance with the terms, and conditions hereinafter set
forth. This Agreement supersedes and replaces in its entirety any prior or contemporaneous employment
agreements or understandings between the Company, its present or former affiliates or subsidiaries, and the
2. PLACE OF EMPLOYMENT. The Executive shall be located, and shall render such services (subject to
necessary and appropriate business related travel), at the Company's office in East Lansing, Michigan. The
Company may relocate Executive, subject to Executive's rights under Sections 6(d) involuntary termination and
Section 6(e) following a Change in Control.
3. TERM. The term of the Executive's employment with the Company shall be for a period commencing on date
signed and conti