OF DAYS SHALL BE DISREGARDED IN
CALCULATING ENTITLEMENT TO VACATION OR PAYMENT IN LIEU THEREOF.
(G)
CURRENCY.
THE EXECUTIVE'S BASE SALARY, ANNUAL BONUSES, CASH
SETTLEMENT, IF ANY, OF PERFORMANCE SHARES UNDER THE LTIP (OR THEIR EQUIVALENT)
AND ANY OTHER CASH REMUNERATION OR REIMBURSEMENT PAYABLE BY THE COMPANY TO THE
EXECUTIVE SHALL BE DENOMINATED IN U.S. DOLLARS.
ALL SUCH PAYMENTS AND
REIMBURSEMENTS, WHETHER FIXED (E.G., BASE SALARY,) OR VARIABLE (ANNUAL BONUSES,
LTIPS, ETC.) SHALL BE PAID IN U.S. DOLLARS, UNLESS EXECUTIVE CONSENTS, IN
WRITING, TO USE OF ANOTHER CURRENCY.
5.
REIMBURSEMENT.
THE EXECUTIVE SHALL BE REIMBURSED FOR ALL
DOCUMENTED BUSINESS RELATED EXPENSES.
THE EXECUTIVE SHALL BE ENTITLED TO BE
REIMBURSED FOR FIRST-CLASS AIR FARE AND THE EXPENSES OF APPROPRIATE HOTEL
ACCOMMODATIONS FOR BUSINESS TRAVEL.
THE EXECUTIVE SHALL BE REIMBURSED FOR THE
COST OF BUSINESS-CLASS AIR FARE FOR PERSONAL TRAVEL FOR THE EXECUTIVE AND HIS
HOUSEHOLD FOR UP TO EIGHT (8) TRIPS PER YEAR.
THE EXECUTIVE SHALL BE REIMBURSED
FOR REASONABLE TAX ADVISORY SERVICES.
ALL AMOUNTS PAYABLE UNDER THIS PARAGRAPH
5 SHALL BE SUBJECT TO THE EXECUTIVE'S PRESENTMENT TO THE COMPANY OF APPROPRIATE
DOCUMENTATION.
THE EXECUTIVE MAY NOT TRAVEL BY MOTOR SCOOTER (OR SIMILAR
TRANSPORT) AND, WHEN IN BERMUDA, SHALL TRAVEL BY CAR OR TAXI SERVICE AT COMPANY
EXPENSE.
6.
Confidentiality
(A)
THE EXECUTIVE SHALL NOT, EITHER DURING THE CONTINUANCE OF HIS
EMPLOYMENT HEREUNDER (OTHERWISE THAN IN THE PROPER PERFORMANCE OF HIS DUTIES
HEREUNDER) OR AT ANY TIME AFTER THE TERMINATION THEREOF, DIVULGE TO ANY PERSON
WHOMSOEVER AND SHALL USE HIS REASONABLE ENDEAVORS TO
6
PREVENT THE PUBLICATION OR DISCLOSURE OF ANY TRADE SECRET OR OTHER CONFIDENTIAL
INFORMATION CONCERNING THE BUSINESS, FINANCES, ACCOUNTS, DEALINGS, TRANSACTIONS
OR AFFAIRS OF THE COMPANY OR ANY GROUP COMPANY OR OF ANY OF THEIR RESPECTIVE
CLIENTS ENTRUSTED TO HIM OR ARISING OR COMING TO HIS KNOWLEDGE DURING THE COURSE
OF HIS EMPLOYMENT HEREUNDER OR OTHERWISE; PROVIDED THAT THE FOREGOING SHALL NOT
PREVENT OR LIMIT THE EXECUTIVE FROM COMPLYING WITH ANY APPLICABLE LAW OR WITH
THE DIRECTIVE OF ANY COURT OR ADMINISTRATIVE BODY OR AGENCY HAVING THE LEGAL
AUTHORITY TO COMPEL TESTIMONY FROM OR THE PRODUCTION OF DOCUMENTS BY THE
EXECUTIVE.
THE PROVISIONS OF THIS PARAGRAPH 6(A) SHALL NOT APPLY TO ANY
INFORMATION WHICH IS OR BECOMES PUBLICLY KNOWN OTHER THAN AS A RESULT OF THE
EXECUTIVE'S BREACH OF THIS AGREEMENT.
(B)
THE EXECUTIVE SHALL UPON THE TERMINATION OF HIS EMPLOYMENT
HEREUNDER IMMEDIATELY DELIVER UP TO THE COMPANY ALL FEE SCHEDULES, LISTS OF
CLIENTS, CORRESPONDENCE AND OTHER DOCUMENTS, PAPERS AND PROPERTY BELONGING TO
THE COMPANY OR ANY GROUP COMPANY OR RELATED TO ANY OF THE MATTERS REFERRED TO IN
PARAGRAPH (A) ABOVE WHICH MAY HAVE BEEN PREPARED BY HIM OR HAVE COME INTO HIS
POSSESSION IN THE COURSE OF HIS EMPLOYMENT HEREUNDER AND SHALL NOT RETAIN ANY
COPIES THEREOF.
7.
Termination.
The Executive's employment shall terminate upon:
(A)
THE EXECUTIVE'S DEATH; OR
(B)
THE EXECUTIVE BEING UNABLE TO PERFORM HIS DUTIES AND
RESPONSIBILITIES HEREUNDER DUE TO HIS DISABILITY (AS DEFINED BELOW).
FOR
PURPOSES OF THIS AGREEMENT, THE