SIXTH AMENDMENT TO EMPLOYMENT AGREEMENT
This Sixth Amendment to the Employment Agreement between Chartwell Re
Corporation and Xxxxxx X. Xxxxxxxxx is entered into as of December 30, 1998.
RECITALS
A. Chartwell Re Corporation (the "Company") entered into an Employment
Agreement (the "Agreement") with Xxxxxx X. Xxxxxxxxx (the "Executive")
dated March 31, 1993; and
B. The Agreement set forth the terms and conditions of the Executive's
employment with the Company.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and Executive hereby consent to
amend the Agreement as follows:
1. The Term of the Agreement is hereby extended in accordance with Section
2 of the Agreement to December 31, 1999.
2. Capitalized terms used and not defined in this Sixth Amendment shall
have the respective meanings ascribed to them in the Agreement.
3. Except as expressly amended hereby, the Agreement shall continue in
full force and effect in accordance with the provisions thereof on the
date hereof.
4. This Sixth Amendment shall inure to the benefit of and be binding upon
the parties hereto and their respective successors and assigns.
5. This Sixth Amendment may be executed in two or more counterparts, each
of which shall constitute an original, but all of which when taken
together shall constitute but one instrument.
6. This Sixth Amendment shall be governed by and construed in accordance
with the laws of the State of Delaware without regard to its conflict
of law principles.
IN WITNESS WHEREOF, the Executive has executed this Sixth Amendment and the
Company has caused this Sixth Amendment to be executed by its duly authorized
representative.
CHARTWELL RE CORPORATION
/s/ Xxxxxx X. Xxxxxxxxx By: /s/ Xxxx X. Del Col
------------------------ ---------------------------------
Xxxxxx X. Xxxxxxxxx Xxxx X. Del Col
Vice President, General Counsel
& Secretary
