AWARD AGREEMENTAward Agreement • March 4th, 2005 • Ipc Holdings LTD • Life insurance
Effective and subject to the terms and conditions of the IPC Holdings, Ltd. (the “Company”) 2003 Stock Incentive Plan (the “Plan”), as supplemented by this Award Agreement, an award (the “Award”) is granted to you in the amount of Restricted Stock Units as defined in the Plan. A copy of the Plan is available at the Company’s principal executive offices, which at the date hereof are located at American International Building, 29 Richmond Road, Pembroke HM08, Bermuda.
Insurance Letters of Credit — Master AgreementIpc Holdings LTD • March 4th, 2005 • Life insurance
The purpose of this letter is to record our agreement (the “Agreement”) to the following method of establishing letters of credit or similar or equivalent instruments acceptable to you (each a “Credit” and collectively “the Credits”) on our behalf in favour of beneficiaries located in the United States of America or elsewhere. In connection with this Agreement, we have also separately agreed with you the contractual or security arrangements that will apply in respect of our obligations under or pursuant to this Agreement.
SHARE OPTION AGREEMENTStock Option Agreement • March 4th, 2005 • Ipc Holdings LTD • Life insurance
On you were granted this option (the “Option”) pursuant to the IPC Holdings, Ltd. (the “Company”) Stock Option Plan (the “Plan”) to purchase shares of Voting Common Stock, par value $0.01 per share, of the Company at an exercise price of per share, subject to the terms and conditions of the Plan as supplemented by this Option. A copy of the Plan is available at the Company’s principal executive offices which at the date hereof are located at American International Building, 29 Richmond Road, Pembroke HM08, Bermuda (“Principal Executive Offices”).
