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Exhibit
10.1
ASPEN INSURANCE
HOLDINGS LIMITED
NONQUALIFIED SHARE
OPTION AGREEMENT
THIS AGREEMENT (the
‘‘Agreement’’), is made effective as of the
4th day of May, 2007 (hereinafter called the ‘‘Date of
Grant’’), between Aspen Insurance Holdings Limited, a
Bermuda corporation (hereinafter called the
‘‘Company’’), and
(hereinafter called
the ‘‘Participant’’):
R
E
C
I
T
A
L
S
:
WHEREAS, the Company
has adopted the Aspen Insurance Holdings 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 Agreement. Capitalized
terms not otherwise defined herein shall have the same meanings as
in the Plan; and
WHEREAS, the
Committee has determined that it would be in the best interests of
the Company and its shareholders to grant the nonqualified share
option provided for herein to the Participant pursuant to the Plan
and the terms set forth herein.
NOW THEREFORE, in
consideration of the mutual covenants hereinafter set forth, the
parties agree as follows:
