FLAGSTONE REINSURANCE HOLDINGS, S. A. By: /s/ Xxxxxx Xxx Name: Xxxxxx Xxx Title: Chief Administrative Officer Agreed and Accepted: /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx Date: 11/20/2012
FLAGSTONE REINSURANCE HOLDINGS, S. A. By: /s/ Xxxxxx Xxx Name: Xxxxxx Xxx Title: Chief Administrative Officer Agreed and Accepted: /s/ Xxxxx Xxxxxxx Xxxxx Xxxxxxx Date: 11/26/2012 Appendix A The following table sets forth, for illustrative purposes only, the estimated payments pursuant to Sections 1(b), (c) and (d) of this agreement to which you would be entitled, assuming: (1) the Separation Date is December 15, 2012 and (2) the Company determines that your annual bonus for the fiscal year ending December 31, 2012 will not be greater than the minimum guaranteed amount. Moreover, the following calculations are not intended to describe (in substance or amount) all of the benefits to which you may be entitled in connection with your separation or the transactions contemplated by the Merger Agreement and do not take into account any applicable tax withholding. Notice Payment described in Section 1(b) $580,000 (payment in lieu of base salary), plus other amounts, if any, in lieu of notice to which you may be entitled under Section 21(1) of the Bermuda Employment Act 2000 (as amended) Severance Payment described in Section 1(c) $880,000 2012 Bonus Payment described in Section 1(d) $391,500
FLAGSTONE REINSURANCE HOLDINGS, S. A., a société anonyme registered in the Grand-Duchy of Luxembourg with the companies registry the Registre de Commerce et des Sociétés (“RCS”) under number R.C.S. Luxembourg B 153.214 having its registered office at 00 Xxxxxx xx xx Xxxx, X-0000 Xxxxxxxxxx, Grand Duchy of Luxembourg (“Company”); and
