0000950123-06-002253 Sample Contracts

PLATINUM UNDERWRITERS HOLDINGS, LTD. The Belvedere Building 69 Pitts Bay Road Pembroke HM08 Bermuda
Letter Agreement • February 27th, 2006 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York
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EIP SHARE UNIT AWARD AGREEMENT Platinum Underwriters Holdings, Ltd. Amended and Restated Executive Incentive Plan
Eip Share Unit Award Agreement • February 27th, 2006 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York

This EIP SHARE UNIT AWARD AGREEMENT (this “Agreement”) made as of this day of , 20 , between Platinum Underwriters Holdings, Ltd., a Bermuda company (the “Company”), and (the “Participant”), is made pursuant to the terms of the Company’s Amended and Restated Executive Incentive Plan (the “Plan”) in conjunction with the Company’s 2002 Share Incentive Plan or any successor plan (the “Share Incentive Plan”).

PLATINUM UNDERWRITERS BERMUDA, LTD. The Belvedere Building 69 Pitts Bay Road Pembroke HM08 Bermuda February 26, 2006
Platinum Underwriters Holdings LTD • February 27th, 2006 • Fire, marine & casualty insurance
NONEMPLOYEE DIRECTOR SHARE UNIT AWARD AGREEMENT Platinum Underwriters Holdings, Ltd. 2002 Share Incentive Plan (or Successor Plan)
Nonemployee Director Share Unit Award Agreement • February 27th, 2006 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York

This NONEMPLOYEE DIRECTOR SHARE UNIT AWARD AGREEMENT (this “Agreement”) made as of this day of , 20 , between Platinum Underwriters Holdings, Ltd., a Bermuda company (the “Company”), and (the “Participant”), is made pursuant to the terms of the 2002 Share Incentive Plan or any successor plan (the “Plan”). The applicable terms of the Plan are incorporated herein by reference, and capitalized terms used herein but not defined shall have the meanings set forth in the Plan.

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