Platinum Underwriters Hldg – PLATINUM UNDERWRITERS HOLDINGS, LTD. The Belvedere Building 69 Pitts Bay Road Pembroke HM08 Bermuda (April 30th, 2010)
This letter agreement (Letter Agreement) will confirm the agreements reached between Platinum Underwriters Holdings, Ltd. (the Company) and you regarding your retirement from and the termination of your employment with the Company, and your entering into a consulting agreement dated the date hereof (the Consulting Agreement) with the Companys wholly owned subsidiary Platinum Administrative Services, Inc. (PASI), in the form attached as Exhibit A hereto. The Company and you agree as follows:
Platinum Underwriters Hldg – Platinum Underwriters Holdings, Ltd. Amended and Restated Change in Control Severance Plan (July 25th, 2008)
The Board of Directors of Platinum Underwriters Holdings, Ltd. (the Company) has determined that it is in the best interests of the Company and its shareholders to amend and restate the Platinum Underwriters Holdings, Ltd. Change in Control Severance Plan (as so amended and restated, the Plan), which provides severance benefits to certain of the employees of the Company and its Subsidiaries in the event of a termination of employment following a Change in Control. The purpose of the Plan is to secure the continued services, dedication and objectivity of such employees of the Company and its Subsidiaries in the event of any possibility or occurrence of a Change in Control without concern as to whether such employees might be hindered or distracted by personal uncertainties and risks created by any such possible or actual Change in Control.
Platinum Underwriters Hldg – Contract (June 25th, 2002)