Attached files
| file | filename |
|---|---|
| 10-Q - Amtrust Financial Services, Inc. | v200543_10q.htm |
| EX-32.2 - Amtrust Financial Services, Inc. | v200543_ex32-2.htm |
| EX-10.3 - Amtrust Financial Services, Inc. | v200543_ex10-3.htm |
| EX-32.1 - Amtrust Financial Services, Inc. | v200543_ex32-1.htm |
| EX-31.2 - Amtrust Financial Services, Inc. | v200543_ex31-2.htm |
| EX-31.1 - Amtrust Financial Services, Inc. | v200543_ex31-1.htm |
Exhibit
10.2
AMENDMENT
NO. 1 TO
EMPLOYMENT
AGREEMENT
This Amendment No. 1 (“Amendment”),
dated as of November 3, 2010 (the “Effective Date”), hereby amends the
Employment Agreement dated March 1, 2010 (the “Agreement”), by and between
AmTrust Financial Services, Inc., 59 Maiden Lane, 6th floor,
New York, New York, a Delaware corporation (the “Company”) and Michael J. Saxon,
an individual residing at 514 Brookstone Court, Copley, Ohio 44321
(Executive”).
WHEREAS, Executive and the
Company intend that the Profit Bonus provided for in the Agreement qualify for
the performance-based exception to Section 162(m) of the Internal Revenue
Code.
NOW, THEREFORE, the parties
hereto agree as follows:
1. Section
3(b) (Profit
Bonus) of the Agreement is hereby amended by deleting paragraph (ii) in
its entirety.
2. All
other provisions of the Agreement shall remain in effect in accordance with
their terms.
AMTRUST
FINANCIAL SERVICES, INC.
|
By:
|
/s/ Stephen Ungar |
/s/
Michael J. Saxon
|
|
|
|
Stephen Ungar Secretary |
Michael
J.
Saxon
|