TO THE EMPLOYEE IN A LUMP SUM AND ANY REMAINING PAYMENTS DUE UNDER THIS
AGREEMENT SHALL BE PAID IN ACCORDANCE WITH THE NORMAL PAYMENT DATES SPECIFIED
FOR THEM HEREIN.
NO ACTION OR FAILURE TO ACT, PURSUANT TO THIS SECTION 11 SHALL
SUBJECT THE COMPANY TO ANY CLAIM, LIABILITY, OR EXPENSE, AND THE COMPANY SHALL
NOT HAVE ANY OBLIGATION TO INDEMNIFY OR OTHERWISE PROTECT THE EMPLOYEE FROM THE
OBLIGATION TO PAY ANY TAXES, INTEREST OR PENALTIES PURSUANT TO SECTION 409A OF
THE CODE.
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IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date
first above written.
ARCH CAPITAL GROUP LTD.
By:
/s/ Dawna Ferguson
/a/ Mark D. Lyons
Mark D. Lyons
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