Attached files
file | filename |
---|---|
10-K - FORM 10-K - ASPEN INSURANCE HOLDINGS LTD | u08405e10vk.htm |
EX-10.16 - EX-10.16 - ASPEN INSURANCE HOLDINGS LTD | u08405exv10w16.htm |
EX-32.1 - EX-32.1 - ASPEN INSURANCE HOLDINGS LTD | u08405exv32w1.htm |
EX-31.1 - EX-31.1 - ASPEN INSURANCE HOLDINGS LTD | u08405exv31w1.htm |
EX-23.1 - EX-23.1 - ASPEN INSURANCE HOLDINGS LTD | u08405exv23w1.htm |
EX-21.1 - EX-21.1 - ASPEN INSURANCE HOLDINGS LTD | u08405exv21w1.htm |
EX-31.2 - EX-31.2 - ASPEN INSURANCE HOLDINGS LTD | u08405exv31w2.htm |
EX-10.67 - EX-10.67 - ASPEN INSURANCE HOLDINGS LTD | u08405exv10w67.htm |
EX-10.10 - EX-10.10 - ASPEN INSURANCE HOLDINGS LTD | u08405exv10w10.htm |
EX-10.50 - EX-10.50 - ASPEN INSURANCE HOLDINGS LTD | u08405exv10w50.htm |
Exhibit 10.51
ASPEN INSURANCE HOLDINGS LIMITED
2003 SHARE INCENTIVE PLAN
2003 SHARE INCENTIVE PLAN
AMENDMENT NO. 2 TO THE
2007 PERFORMANCE SHARE AWARD AGREEMENT
2007 PERFORMANCE SHARE AWARD AGREEMENT
THIS AMENDMENT NO. 2 (the Amendment) to the 2007 Performance Share Award Agreement (the
Agreement), is made effective as of the 27th day of October, 2009, between Aspen
Insurance Holdings Limited, a Bermuda corporation (the
Company), and _______ (the
Participant).
RECITALS:
WHEREAS, the Company has adopted the Aspen Insurance Holdings Limited 2003 Share Incentive Plan, as
amended from time to time (the Plan), which Plan is incorporated herein by reference and made a
part of this Amendment. Capitalized terms not otherwise defined herein shall have the same
meanings as in the Plan or the Agreement; and
WHEREAS, the Committee has determined to amend the Agreement to provide for vesting of Eligible
Shares upon certain terminations of Employment.
NOW THEREFORE, the Agreement is amended as follows:
The following new Section 2(n) shall be inserted immediately following Section 2(m):
(n) Notwithstanding anything to the contrary contained herein, in the event that the
Participants Employment with the Company is terminated (i) due to the Participants death
or (ii) by the Company due to the Participants Disability, all Eligible Shares shall vest
in full on the date of such termination of Employment. For the avoidance of doubt, any
Performance Shares that have not become Eligible Shares on or before the date of such
termination of Employment shall be forfeited on such date without consideration. For
purposes of this Agreement, Disability shall mean the inability of a Participant to
perform in all material respects his or her duties and responsibilities to the Company, or
any Affiliate of the Company, by reason of a physical or mental disability or infirmity
which inability is reasonably expected to be permanent and has continued (i) for a period of
six consecutive months or (ii) such shorter period as the Committee may determine in good
faith. The Disability determination shall be in the sole discretion of the Committee and a
Participant (or his or her representative) shall furnish the Committee with medical evidence
documenting the Participants disability or infirmity, which is reasonably satisfactory to
the Committee.
Except as expressly amended herein, the provisions of the Agreement shall remain in full force and
effect.
This Amendment may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment.
ASPEN INSURANCE HOLDINGS LIMITED |
||||
By: | ||||
AGREED AND ACKNOWLEDGED AS OF THE DATE FIRST ABOVE WRITTEN: |
|||||
Participant | |||||
ASPEN INSURANCE HOLDINGS LIMITED
2003 SHARE INCENTIVE PLAN
2003 SHARE INCENTIVE PLAN
AMENDMENT TO THE
2008 PERFORMANCE SHARE AWARD AGREEMENT
2008 PERFORMANCE SHARE AWARD AGREEMENT
THIS AMENDMENT (the Amendment) to the 2008 Performance Share Award Agreement (the Agreement),
is made effective as of the 27th day of October, 2009, between Aspen Insurance Holdings
Limited, a Bermuda corporation (the Company), and
__________ (the Participant).
RECITALS:
WHEREAS, the Company has adopted the Aspen Insurance Holdings Limited 2003 Share Incentive Plan, as
amended from time to time (the Plan), which Plan is incorporated herein by reference and made a
part of this Amendment. Capitalized terms not otherwise defined herein shall have the same
meanings as in the Plan or the Agreement; and
WHEREAS, the Committee has determined to amend the Agreement to provide for vesting of Eligible
Shares upon certain terminations of Employment.
NOW THEREFORE, the Agreement is amended as follows:
The following new Section 2(l) shall be inserted immediately following Section 2(k):
(l) Notwithstanding anything to the contrary contained herein, in the event that the
Participants Employment with the Company is terminated (i) due to the Participants death
or (ii) by the Company due to the Participants Disability, all Eligible Shares shall vest
in full on the date of such termination of Employment. For the avoidance of doubt, any
Performance Shares that have not become Eligible Shares on or before the date of such
termination of Employment shall be forfeited on such date without consideration. For
purposes of this Agreement, Disability shall mean the inability of a Participant to
perform in all material respects his or her duties and responsibilities to the Company, or
any Affiliate of the Company, by reason of a physical or mental disability or infirmity
which inability is reasonably expected to be permanent and has continued (i) for a period of
six consecutive months or (ii) such shorter period as the Committee may determine in good
faith. The Disability determination shall be in the sole discretion of the Committee and a
Participant (or his or her representative) shall furnish the Committee with medical evidence
documenting the Participants disability or infirmity, which is reasonably satisfactory to
the Committee.
Except as expressly amended herein, the provisions of the Agreement shall remain in full force and
effect.
This Amendment may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment.
ASPEN INSURANCE HOLDINGS LIMITED |
||||
By: | ||||
AGREED AND ACKNOWLEDGED AS OF THE DATE FIRST ABOVE WRITTEN: |
|||||
Participant | |||||
ASPEN INSURANCE HOLDINGS LIMITED
2003 SHARE INCENTIVE PLAN
2003 SHARE INCENTIVE PLAN
AMENDMENT TO THE
2009 PERFORMANCE SHARE AWARD AGREEMENT
2009 PERFORMANCE SHARE AWARD AGREEMENT
THIS AMENDMENT (the Amendment) to the 2009 Performance Share Award Agreement (the Agreement),
is made effective as of the 27th day of October, 2009, between Aspen Insurance Holdings
Limited, a Bermuda corporation (the Company), and
_____ (the Participant).
RECITALS:
WHEREAS, the Company has adopted the Aspen Insurance Holdings Limited 2003 Share Incentive Plan, as
amended from time to time (the Plan), which Plan is incorporated herein by reference and made a
part of this Amendment. Capitalized terms not otherwise defined herein shall have the same
meanings as in the Plan or the Agreement; and
WHEREAS, the Committee has determined to amend the Agreement to provide for vesting of Eligible
Shares upon certain terminations of Employment.
NOW THEREFORE, the Agreement is amended as follows:
The following new Section 2(l) shall be inserted immediately following Section 2(k):
(l) Notwithstanding anything to the contrary contained herein, in the event that the
Participants Employment with the Company is terminated (i) due to the Participants death
or (ii) by the Company due to the Participants Disability, all Eligible Shares shall vest
in full on the date of such termination of Employment. For the avoidance of doubt, any
Performance Shares that have not become Eligible Shares on or before the date of such
termination of Employment shall be forfeited on such date without consideration. For
purposes of this Agreement, Disability shall mean the inability of a Participant to
perform in all material respects his or her duties and responsibilities to the Company, or
any Affiliate of the Company, by reason of a physical or mental disability or infirmity
which inability is reasonably expected to be permanent and has continued (i) for a period of
six consecutive months or (ii) such shorter period as the Committee may determine in good
faith. The Disability determination shall be in the sole discretion of the Committee and a
Participant (or his or her representative) shall furnish the Committee with medical evidence
documenting the Participants disability or infirmity, which is reasonably satisfactory to
the Committee.
Except as expressly amended herein, the provisions of the Agreement shall remain in full force and
effect.
This Amendment may be signed in counterparts, each of which shall be an original, with the
same effect as if the signatures thereto and hereto were upon the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment.
ASPEN INSURANCE HOLDINGS LIMITED |
||||
By: | ||||
AGREED AND ACKNOWLEDGED AS OF THE DATE FIRST ABOVE WRITTEN: |
|||||
Participant | |||||