Option Dividend Restricted Share Unit AgreementOption Dividend Restricted Share Unit Agreement • July 7th, 2006 • Endurance Specialty Holdings LTD • Fire, marine & casualty insurance
WHEREAS, Endurance and Employee have amended the terms of the options originally granted under a Share Option Agreement dated as of [Date] (the “200[ ] Agreement”) in order to revise certain terms to be compliant with Section 409A of the Internal Revenue Code and the regulations promulgated by the U.S. Internal Revenue Service under Section 409A (collectively, “Section 409A”);
Share Option Agreement No. 2Share Option Agreement • July 7th, 2006 • Endurance Specialty Holdings LTD • Fire, marine & casualty insurance
This SHARE OPTION AGREEMENT NO. 2 (this “Agreement”), is made as of July 1, 2006 between Endurance Specialty Holdings Ltd., a Bermuda company (“Endurance”) and [ ] (“Employee”).
