Option Dividend Restricted Share Unit Agreement Sample Contracts

Option Dividend Restricted Share Unit Agreement
Option Dividend Restricted Share Unit Agreement • July 7th, 2006 • Endurance Specialty Holdings LTD • Fire, marine & casualty insurance

WHEREAS, Endurance and Employee have amended the terms of the options originally granted under a Share Option Agreement dated as of [Date] (the “200[ ] Agreement”) in order to revise certain terms to be compliant with Section 409A of the Internal Revenue Code and the regulations promulgated by the U.S. Internal Revenue Service under Section 409A (collectively, “Section 409A”);

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