AMENDMENT NO. 1 TO AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT dated May 8, 2008 by and between AXIS Specialty Limited and Michael A. Butt (the “Executive”) Dated September 19, 2008Supplemental Executive • September 23rd, 2008 • Axis Capital Holdings LTD • Fire, marine & casualty insurance
WHEREAS, the Compensation Committee of the Board of Directors of AXIS Capital Holdings Limited (the “Company”) previously has determined that it is in the best interest of the Company and its shareholders to provide the Executive with a supplemental retirement benefit in consideration for his continuing service with the Company;
AMENDMENT NO. 2 to AMENDED AND RESTATED SERVICE AGREEMENT dated December 15, 2003 by and between AXIS Specialty Limited (the “Company”) and Michael A. Butt (the “Executive”) Dated September 19, 2008Service Agreement • September 23rd, 2008 • Axis Capital Holdings LTD • Fire, marine & casualty insurance
WHEREAS, the Company and the Executive entered into an Amended and Restated Service Agreement (the “Agreement”), dated as of December 15, 2003;
