May 3, 2012 Mr. Albert Benchimol c/o AXIS Capital Holdings Limited Pembroke HM 08 Bermuda Dear Albert:Axis Capital Holdings LTD • May 9th, 2012 • Fire, marine & casualty insurance • New York
We are delighted that you have decided to continue your service with AXIS Specialty U.S. Services, Inc., a Delaware corporation (the “Company”) and wholly owned, indirect subsidiary of AXIS Capital Holdings Limited, a Bermuda company (the “Parent”). We thought it would be useful to lay out the terms and conditions of our agreement in this letter agreement (this “Agreement”). This Agreement is dated as of May 3, 2012.
AXIS CAPITAL HOLDINGS LIMITED Employee Restricted Stock AgreementRestricted Stock Agreement • May 9th, 2012 • Axis Capital Holdings LTD • Fire, marine & casualty insurance
You, Albert A. Benchimol, (the “Participant”), have been granted a restricted stock award (the “Award”) of 500,000 ordinary shares, par value $0.0125 per share (the “Award Shares”), of AXIS Capital Holdings Limited, a Bermuda company (the “Company”), pursuant to the AXIS Capital Holdings Limited 2007 Long-Term Equity Compensation Plan, as amended (the “Plan”). The date of grant of the Award (the “Award Date”) is as set forth in your restricted stock account maintained on the Morgan Stanley Smith Barney Benefit Access website or such other website as may be designated by the Committee (“Benefit Access”).
AMENDMENT NO. 5 to EMPLOYMENT AGREEMENT dated December 15, 2003 by and between AXIS Specialty Limited (the “Company”) and John R. Charman (the “Executive”) Dated May 3, 2012Employment Agreement • May 9th, 2012 • Axis Capital Holdings LTD • Fire, marine & casualty insurance
WHEREAS, the Company and the Executive entered into an amended and restated employment agreement dated as of December 15, 2003 (the “Agreement”);
SEPARATION AGREEMENT AND RELEASESeparation Agreement and Release • May 9th, 2012 • Axis Capital Holdings LTD • Fire, marine & casualty insurance • New York
This Separation Agreement and Release (“Agreement”) is entered into as of this 3rd day of May, 2012, between AXIS Specialty Limited (the “Company”) and Michael A. Butt (the “Executive”).
CONSULTING AGREEMENTConsulting Agreement • May 9th, 2012 • Axis Capital Holdings LTD • Fire, marine & casualty insurance • New York
CONSULTING AGREEMENT, dated as of May 3, 2012, by and between AXIS Specialty Limited, a Bermuda company and wholly-owned subsidiary of AXIS Capital Holdings Limited (“Parent”) and Michael A. Butt (the “Consultant”), an individual.
