AXIS SPECIALTY LIMITED Overbay, 106 Pitts Bay Road Pembroke, HM 08Termination Agreement • February 23rd, 2006 • Axis Capital Holdings LTD • Fire, marine & casualty insurance
This will confirm the agreement (the “Agreement”), dated as of the date first set forth above (the “Execution Date”), that has been reached with you in connection with the termination of your employment with AXIS Specialty Limited (the “Company”).
AXIS CAPITAL HOLDINGS LIMITED LONG-TERM EQUITY COMPENSATION PLAN Nonqualified Stock Option AgreementNonqualified Stock Option Agreement • February 23rd, 2006 • Axis Capital Holdings LTD • Fire, marine & casualty insurance
This Agreement amends and supercedes in its entirety the nonqualified stock option agreements with respect to options granted to the Optionee on August 1, 2003 and January 13, 2005. This Agreement is effective on February 28, 2006.
