Exhibit 10.43
PARTICIPATION AGREEMENT
UNDER THE
ALLIED WORLD ASSURANCE HOLDINGS, LTD
LONG-TERM INCENTIVE PLAN
[Date __________], 2006
Participant Name: ______________________________________________________________
You have been selected to participate in the Allied World Assurance Holdings,
Ltd Long-Term Incentive Plan (the "LTIP"). In accordance with the terms of the
LTIP, you will be eligible to receive a Target LTIP Award equal to [___] common
shares. Your Target LTIP Award is subject to the terms and conditions contained
in the LTIP, a copy of which is attached to this letter.
As a condition of your eligibility to participate in the LTIP, please sign where
indicated below and return the signed original to Xx. Xxxxxxx Xxxxx.
Sincerely,
------------------------------------
Xxxxxx X. Xxxxxx
General Counsel & Secretary
LONG-TERM INCENTIVE PLAN ACKNOWLEDGEMENT
By my signature below, I acknowledge receipt of the Allied World Assurance
Holdings, Ltd Long-Term Incentive Plan (the "LTIP"). As a condition to being
selected as a participant in the LTIP, I agree to be bound by the terms and
conditions contained therein.
Except as otherwise required by law or with the express prior written consent of
the Board of Directors, I agree to keep the amount of my Target LTIP Award
strictly confidential and expressly agree that any breach of my agreement to
keep such information confidential may result in forfeiture of my LTIP Award
and/or immediate termination of my employment.
------------------------------------
Signature
------------------------------------
Print Name
------------------------------------
SS#:
------------------------------------
Date
