EMPLOYMENT AGREEMENT, dated as of JANUARY 1, 2002, by and between CNA Surety Corporation
a Delaware corporation or its subsidiaries ("the Company"), and MARK C. VONNAHME ("the Executive").
WHEREAS, the Company wishes to continue to employ the Executive and the Company and the Executive
desire to enter into an agreement embodying the terms of such employment (the "Agreement"); and
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the Company and the
Executive hereby agree as follows:
a. AGREEMENT TO EMPLOY. Upon the terms and subject to the conditions of this Agreement, the Company
hereby agrees to continue to employ Executive and Executive agrees to employment by the Company.
b. TERM OF EMPLOYMENT. Except as provided in Paragraph 5(a), the Company shall employ Executive for
the period commencing on JANUARY 1, 2002 (the "Commencement Date") and ending on DECEMBER 31,
2003. The period during which Executive is employed pursuant to this Agreement and any extensions set forth in
Paragraph 1(c) of this Agreement shall be referred to as the "Employment Period."
c. RENEWAL. Upon expiration of the original term of this Agreement set forth in Paragraph 1(b) of this
Agreement, this Agreement shall renew automatically for one (1) additional one (1) year term unless the
Company or the Executive provides the other ninety days written notice that the Agreement will not be renewed.
2. POSITION AND DUTIES.
a. POSITION. During the Employment Period, Executive shall serve as President and Chief Executive Officer of
the Company or in such other position or positions in the Company and/or in any of its subsidiaries as he and the
Company shall mutually agree. In addition, Executive shall serve in such other position or positions with the
Company and its subsidiaries commensurate with his position and experience as the Board of Directors of the
Company (the "Board") shall from time to time specify.
CNA Surety Cor