# Zurich-American Insurance Group

## INFORMATION PAGES - DEDUCTIBLE AGREEMENT
**SELF-INSURER:** IBM CORPORATION

### b. Aggregate - Retained by Self-Insurer - Does Not Apply To Commercial General Liability

#### Business Auto Liability
The first $5,000,000 of all damages within the Each Accident Deductible Amount. Allocated Claim Expense is included in this amount.

Exhaustion of the Self-Insurer’s retained Aggregate Deductible Amount shall be computed by the Company as follows:

The Aggregate Deductible Amount, minus the sum of:
1.) Payments for all damages within the Each Accident Deductible Amount, and
2.) Payments for Allocated Claim Expense associated with payments for damages in 1.), less the pro rata share of such Allocated Claim Expense if payable under policies of insurance issued to be excess of the Each Accident Deductible Amount.

### 6. COVERAGES SUBJECT TO DEDUCTIBLE AMOUNTS
All coverages provided by the policies subject to this Agreement, including all endorsements thereto.

### 7. POLICY LIMITS

| Policy | Coverage | Each Occurrence/Accident | Aggregate |
|--------|----------|-------------------------|-----------|
| Comm Gen'l Liab | CSL | $5,000,000 | $5,000,000 Products/Completed Operations Aggregate |
|        |         |                         | $10,000,000 General Aggregate |
|        |         |                         | $5,000,000 Medical Malpractice Aggregate |
|        |         |                         | $5,000,000 Employee Benefits Aggregate |
| Bus Auto Liab | CSL | 5,000,000 | - |
| Auto Deductible Aggregate Excess | CSL | - | $5,000,000 Excess of $5,000,000 |

IBM 063068

Form DUIPDA Edition 4 (12/89)

26-Mar-91