Share Unit Award Sample Contracts

Time-Based Share Unit Award
Share Unit Award • February 23rd, 2005 • Platinum Underwriters Holdings LTD • Fire, marine & casualty insurance • New York

AWARD AGREEMENT, dated as of , 20 , between Platinum Underwriters Holdings, Ltd., a Bermuda corporation (the “Company”), and (the “Participant”). This Award is granted by the Compensation Committee of the Company’s Board of Directors (the “Committee”) pursuant to the terms of the 2002 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.

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