# MUTUAL MARINE OFFICE, INC.

100 PARK AVENUE, NEW YORK, N.Y. 10017

212-953-0580

## FOR (COMPANY):
EMPLOYERS MUTUAL CASUALTY COMPANY

## EXCESS LIABILITIES UMBRELLA

### DECLARATIONS

1. **NAMED ASSURED:** INTERNATIONAL BUSINESS MACHINES CORP.
2. **ADDRESS OF ASSURED:** ARMONK, N.Y. 10504
3. **POLICY NUMBER:** MMO - 73134
4. **POLICY TERM:**
   - MAY 21, 1982
   - MAY 21, 1983
   - BEGINNING AND ENDING AT 12:01 A.M., STANDARD TIME AT THE ADDRESS OF THE NAMED ASSURED AS STATED ABOVE.
5. **PREMIUM:** $1,000. (BEING $965. U.S. FUNDS AND $35. CANADIAN FUNDS)
6. **OCCURRENCE LIMIT:** $1,000,000. P/O $70,000,000. X/S $130,000,000.
7. **ANNUAL AGGREGATE LIMIT:** $1,000,000. P/O $70,000,000. X/S $130,000,000. (WHERE APPLICABLE)
8. **UNDERLYING INSURANCE:**

| LEAD COMPANY | LAYER | OCCURRENCE LIMIT | (WHERE APPLICABLE) ANNUAL AGGREGATE LIMIT |
|-------------|-------|------------------|----------------------------------------|
| CENTENNIAL INS. CO. | $2,000,000. X/S PRIMARIES | $2,000,000. | $2,000,000. |
| NATIONAL UNION | $8,000,000. X/S $2,000,000. | $8,000,000. | $8,000,000. |
| NORTHBROOK | $9,000,000. X/S $10,000,000. | $9,000,000. | $9,000,000. |
| VARIOUS | $21,000,000. X/S $19,000,000. | $21,000,000. | $21,000,000. |
| VARIOUS | $40,000,000. X/S $40,000,000. | $40,000,000. | $40,000,000. |
| VARIOUS | $50,000,000. X/S $80,000,000. | $50,000,000. | $50,000,000. |

MUTUAL MARINE OFFICE, INC.