50 of the Top 250 law firms use our Products every day
Exhibit 10.2
FORM OF
PERFORMANCE SHARE UNIT AWARD
AGREEMENT
To:
Effective February 20, 2008
(the “Grant Date”), and subject to (i) the
terms and conditions of the IPC Holdings, Ltd. (the
“Company”) 2007 Incentive Plan (the
“Plan”), as supplemented by this Award Agreement, and
(ii) the terms and conditions of any employment agreement
between you and the Company, as in effect from time to time, an
award (the “Award”) of
[ ]
performance share units is hereby granted to you, which represents
$[ ]
divided by the closing price of the Company’s Common Shares
two trading days following the release of the Company’s
results in respect of the fiscal year immediately preceding this
Award. This Award will be denominated in Common Shares. A copy of
the Plan is available at the Company’s principal executive
offices, which at the date hereof are located at American
International Building, 29 Richmond Road, Pembroke HM 08, Bermuda.
Any capitalized term used in this Award Agreement and not defined
herein shall have the meaning set forth in the Plan.
|
1.
|
Lock-In. As determined by the Committee in its
discretion, during February of each of 2009, 2010 and 2011,
one-third of the Award, which represents a target award of
performance sha
|
|
