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CNA CNA Paramount Excess and Umbrella Liability Policy G. Risk Manager Key employee also means anyone added as such by endorsement to the Policy. Key employee replacement expenses means the actual and necessary expenses incurred by the Named Insured: A. to continue the performance of the Icey employee's normal job responsibilities, with comparable quality, while a permanent replacement for the Icey employee is being sought, appointed or hired, and trained. B. to find a qualified permanent replacement to fill the Icey employee's position: 1. costs of advertising the employment position opening; 2. travel, lodging, meal and entertainment expenses incurred in interviewing job applicants for the employment position opening; and 3. miscellaneous extra expenses incurred in finding, interviewing and negotiating with the job applicants, including, but not limited to, overtime pay, costs to verify the background and references of the job applicants and legal expenses incurred to draw up employment contracts. C. to minimize the amount of Icey employee replacement expenses, but only to the extent the amount of Icey employee replacement expenses otherwise payable under paragraphs 1. and 2. above are reduced. D. to relocate the replacement employee to an area within a reasonable commute from their place of employment. E. to pay the following reasonable and necessary expenses incurred in connection with the death or permanent disability of any Icey employee: 1. to hire a crisis management firm. 2. to create and deliver notification letters to contact individuals or entities that may be directly impacted by the Icey employee covered accident; or 3. other related miscellaneous expenses F. Key employee replacement expenses also include first year amounts of the replacement employee's: 1. annual base starting salary; 2. employee perquisite costs; and 3. employee benefit costs; in excess of the amounts which would have been incurred for the Icey employee if the Named Insured had not lost the services of the Icey employee. However, the Insurer will not pay more for these expenses than 10% of the amounts which would have been incurred for the Icey employee. Key employee replacement expenses do not include the following: a. any expenses which would have been incurred by the Named Insured for the Icey employee if the Named Insured had not lost the services of the Icey employee; b. any Icey employee replacement expenses that are paid for by any other insurance; c. except as provided in paragraph F. above, salary, wages, or benefits of the Named Insured, the Named Insured's employees, the Named Insured's temporary workers or volunteer workers; d. costs to acquire, repair or replace real or personal property; e. the Named Insured's loss of business income; f. expenses incurred by or on behalf of the Named Insured to hire a public adjuster or appraiser or any other claim adjustment expenses incurred by the Named Insured; and Form No: CNA75504XX (03-2015) Pc Policy Page: 27 of 32 P( Underwriting Company: The Continental Insurance Company, 151 N Franklin St, Chicago, IL 60606 Pc Copyright CNA All Rights Reserved. �oRaN Risk Mwag mendDiAsian REVIEWED & APPROVED BY.- CMUM Risk Management Analyst