0001171500-08-000013 Sample Contracts

EIP SHARE UNIT AWARD AGREEMENT Platinum Underwriters Holdings, Ltd. Amended and Restated Executive Incentive Plan
Eip Share Unit Award Agreement • July 30th, 2008 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York

This EIP SHARE UNIT AWARD AGREEMENT (this “Award 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 2006 Share Incentive Plan or any successor plan (the “Share Incentive Plan”) and, if applicable, the Company’s Section 162(m) Performance Incentive Plan or any successor plan.

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PLATINUM UNDERWRITERS HOLDINGS, LTD. Time-Based Share Unit Award
Share Unit Award Agreement • July 30th, 2008 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York

________________, between Platinum Underwriters Holdings, Ltd., a Bermuda company (the “Company”), and _____________ (the “Participant”). The award evidenced by this Award Agreement (this "Award") is granted by the Compensation Committee of the Company’s Board of Directors (the “Committee”) pursuant to the terms of the 2006 Share Incentive 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.

NONQUALIFIED SHARE OPTION AGREEMENT Platinum Underwriters Holdings, Ltd.
Nonqualified Share Option Agreement • July 30th, 2008 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York

Option Agreement (the "Agreement"), between Platinum Underwriters Holdings, Ltd., a Bermuda company (the "Company"), and _____________ (the "Optionee"), made pursuant to the terms of Platinum Underwriters Holdings, Ltd. 2006 Share Incentive Plan (the "Plan"). The Option is not intended to qualify as an "incentive stock option" under the Internal Revenue Code. 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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