Document:

Exhibit

Exhibit 10.30

2016 DIRECTORS ANNUAL COMPENSATION PROGRAM
AXIS Capital Holdings Limited (the “Company”) has established the 2016 Directors Annual Compensation Program (the “Program”) to compensate the directors of the Company for their service to the Board of Directors (the “Board”) and its committees.  The terms of the Program are as set forth herein.
1.Eligibility.  Any member of the Board who is not an employee of the Company or any of its subsidiaries shall be entitled to the compensation specified herein and shall be a “Participant” in the Program from and after January 1, 2016 or, if later, the date on which such person becomes a member of the Board and is otherwise eligible to participate in the Program.  

2.Compensation.  Each Participant shall be entitled to a retainer amount determined annually by the Board, in consultation with the Compensation Committee of the Board (the “Committee”) based upon service on January 1 of the service year consisting of:  (i) an annual retainer for board service (including additional retainers for service as Lead Independent Director and for service as non-employee Chairman of the Board if applicable); and (ii) an annual retainer for committee service (including additional retainers for service as committee chair if applicable) in each case as set forth on Attachment A hereto.   

3.Election of Common Shares in Lieu of Cash. Participants may elect to receive common shares of the Company in lieu of:  (i) all or 50% of the aggregate amount of annual retainers for board service; and (ii) all or 50% of the aggregate amount of annual retainers for committee service otherwise payable to them by notifying the Company of such election prior to January 1 of the year for which the election will be effective.  The number of common shares issued to Participants pursuant to such election will be based on the closing fair market value of the shares of the Company’s common stock on the tenth trading day in January of each year.  

4.Payment.  Prior to January 31, Participants shall receive a lump sum payment of the annual retainers for that year (or, in the case of any person who becomes a Participant after January 31 of a fiscal year, as soon as practicable after the date on which such person becomes a Participant, the annual retainers will be pro-rated as provided for in Attachment A).  No retainers will be recouped in the event board service or committee service ceases prior to the end of the applicable service year.   

5.Interpretation of Program.  The Committee shall have the authority to administer and to interpret the Program.  Any such determinations or interpretations made by the Committee shall be binding on all Participants. 

6.Governing Law.  The Program shall be governed by the laws of Bermuda.  

7.Successors.  All obligations of the Company under the Program shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect merger, consolidation, purchase of all or substantially all of the business and/or assets of the Company or otherwise.

8.Amendment and Termination.  This Program may be amended or terminated at any time by the Board; provided, that no amendment shall be given effect to the extent that it would have the effect of reducing a Participant’s existing awards under the Program.
    

ATTACHMENT A

AXIS CAPITAL HOLDINGS LIMITED
NON-EMPLOYEE DIRECTOR COMPENSATION
 
(effective as of January 1, 2016)
 
Compensation
 
		
	1)
	Annual retainer of $200,000 for all non-employee directors serving on the Board as of January 1, 2016.  Members of the Board who become Participants after January 1 of any year shall be entitled to a pro-rated amount based on months of service in that year, with eligibility for the full annual retainer commencing as of January 1 of the subsequent year.

		
	2)
	Committee members receive the following annual retainer payment:

        
	
				
	Committee Member
	 
	Annual Retainer

	Corporate Governance and Nominating Committee
	 
	$
	7,500

	Finance Committee
	 
	$
	10,000

	Compensation Committee
	 
	$
	10,000

	Risk Committee
	 
	$
	10,000

	Audit Committee
	 
	$
	15,000

3)    Committee Chairs receive the following additional annual retainer payment:
 
	
					
	Committee Chair
	 
	Annual Retainer
	 

	Corporate Governance and Nominating Committee
	 
	$
	7,500
	 

	Finance Committee
	 
	$
	10,000
	 

	Compensation Committee
	 
	$
	15,000
	 

	Risk Committee
	 
	$
	20,000
	 

	Audit Committee
	 
	$
	30,000
	 

 
		
	   4)
	The Lead Independent Director receives an additional annual retainer payment of $15,000.

		
	5)
	In addition to the compensation described above that is payable to non-employee directors, a non-employee Chairman of the Board shall receive an additional annual retainer of $150,000, pro-rated based on months of service as Chairman of the Board in the applicable year. 

     
Equity Compensation in lieu of Cash
 
Each non-employee director may elect to receive common shares of the Company in lieu of:  (i) all or 50% of their aggregate annual retainers for board service; and (ii) all or 50% of their aggregate annual retainers for committee service, based on the closing fair market value of the Company’s common shares as of the tenth trading day in January of each year, pursuant to the elections made under a Participation Agreement.Exhibit 10.2

 

STERLING CONSTRUCTION
COMPANY, INC.

 

[Form
of] Restricted Stock Award Agreement

 

	 	Award Date:	 	 
	 	Award Recipient:	 	 
	 	Shares of Common Stock:	 	 
	 	Expiration Date:	[Third anniversary of the Award Date]	 

 

This
Restricted Stock Award Agreement (this "Agreement") is made effective as of the Award Date set forth above,
and is entered into between you, the above-named Award Recipient, and Sterling Construction Company, Inc. (the "Company")
pursuant to the Company’s Stock Incentive Plan (the "Plan.") The Plan is hereby incorporated into this Agreement
by this reference. By signing this Agreement, you acknowledge that you have received a copy of the Plan and a summary description
of the Plan.

 

In consideration of the
award to you of the number of Shares of Common Stock of the Company set forth above (the "Shares") you and the
Company agree as follows:

 

		1.	Award of the Shares. The Company hereby awards to you, and you hereby accept the award of
the Shares subject to the terms and conditions set forth in this Agreement. Any additional shares of common stock of the Company
that are issued to you on account of the Shares as a result of stock dividends, stock splits or recapitalizations (whether by way
of mergers, consolidations, combinations or exchanges of shares, or the like) will be subject to this Agreement and are included
in the definition of the word "Shares."

 

		2.	The Restrictions. You may not sell, assign, transfer, pledge or otherwise dispose of or
encumber any of the Shares or any of your rights or interests under this Agreement or under the Plan except by your will, or according
to the laws of descent and distribution (the "Restrictions.")

 

		3.	Expiration of the Restrictions. The Restrictions will expire on the date of the earliest
to occur of the following events:

 

		·	The close of business on the Expiration Date set forth above.

		·	A Change in Control of the Company (as that term is defined in the Plan.)

		·	Your employment is terminated without Cause (as defined below.)

		·	Your employment is terminated because you have become permanently disabled (as defined below.)

		·	Your death.

 

		4.	Forfeiture of the Shares. If any of the following events occurs, all of the Shares that
are then subject to the Restrictions will be forfeited:

 

		·	You resign your employment.

		·	Your employment is terminated for Cause.

 

		5.	Definitions. As used in this Agreement —

 

		5.1	The words "permanently disabled" mean that because of a physical or mental impairment,
you are unable to perform your duties and responsibilities as an employee for ninety or more days within a six-month period.

 

     

     

    

		5.2	"Cause" means —

 

		(a)	Willful or gross neglect of your duties; gross negligence in the performance of your duties; your
refusal to perform your duties; or a significant violation of a Company policy.

 

		(b)	Unsatisfactory performance of your duties that is not cured within thirty working days after written
notice is given to you identifying the reason why your performance is unsatisfactory.

 

		(c)	Any act of theft or other dishonesty by you, including, but not limited to any intentional misapplication
of the Company's or of any of its subsidiaries' funds or other property.

 

		(d)	Your conviction of any criminal activity (other than a traffic violation or a Class C misdemeanor)
not described in Subsection (c), above, or your participation in an activity involving moral turpitude that is, or could reasonably
be expected to be harmful to the business or reputation of the Company.

 

		(e)	Your immoderate use of alcohol.

 

		(f)	The use of non-prescribed narcotics that adversely and materially affects the performance of your
duties.

 

		6.	Your Rights as a Stockholder. Except for the Restrictions and the other limitations and
conditions set forth in this Agreement, as owner of the Shares, you will have all of the rights of a stockholder of the Company,
including the right to vote the Shares and to receive any dividends paid on the Shares.

 

		7.	The Shares.

 

		7.1	The Shares will be issued to you as a book entry by the Company's transfer agent, and you will
be advised of their issuance. When the Restrictions expire, subject to the provisions of Section 8, below, you may either
leave the Shares in your account at the transfer agent; you may have your broker transfer the Shares electronically to your brokerage
account; or you may have the Shares delivered to you in the form of a stock certificate.

 

		7.2	All of the Shares that are forfeited will be returned to the Company and canceled without the payment
of any compensation to you.

 

		8.	Securities and Other Laws. The Company may require as a pre-condition to the delivery of
the Shares to you —

 

		8.1	That they shall have been duly listed, upon official notice of issuance, upon any national securities
exchange or automated quotation system on which the Company's common stock may then be listed or quoted;

 

		8.2	That either (a) a registration statement under the Securities Act of 1933 (the "Act")
relating to the Shares is in effect; or (b) in the opinion of counsel to the Company, the issuance of the Shares is exempt from
registration under the Act, in which event, you shall have made such undertakings and agreements with the Company as the Company
may reasonably require; and

 

		8.3	That such other steps, if any, as counsel to the Company considers necessary to comply with any
law applicable to the Shares shall have been taken by you, by the Company, or both. The Shares may be made subject to such restrictions
as counsel for the Company considers necessary to comply with applicable laws.

 

		9.	Taxes. You agree to pay to the Company or to make provision satisfactory to the Company
for the payment of any taxes required by law to be paid by you, or that are required to be withheld from you relating to the Shares
no later than the date of the event creating the tax liability. To the extent permitted by law, the Company may deduct any such
tax obligation that is not paid when due from any payment of any kind due to you from the Company.

 

[Name of Recipient] Restricted
Stock Agreement dated as of [Award Date]

    Page 2 of 3

     

    

		10.	Adjustment in Provisions. Upon any change from time to time in the outstanding common stock
of the Company by reason of a stock dividend, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation,
split-up, spin-off, combination, exchange of shares, or other such transaction affecting the Company’s common stock, the
relevant parts of this Agreement shall be appropriately adjusted by the Company, if necessary, to reflect such change in a fair
manner.

 

		11.	Amendments. The Compensation Committee of the Board of Directors (the "Committee")
may amend, modify or terminate this Agreement, including by substituting another award of the same or a different type. Your consent
to such an action will be required unless the Committee determines that the action, taking into account any related action, would
not materially and adversely affect you.

 

		12.	Decisions by the Committee. Any dispute or disagreement that arises under, or as a result
of, or pursuant to, this Agreement shall be resolved by the Committee in its sole and absolute discretion, and any such resolution,
or any other determination by the Committee under, or pursuant to, this Agreement, and any interpretation by the Committee of the
terms and conditions of this Agreement or the Plan shall be final, binding, and conclusive on all persons affected thereby.

 

In
Witness Whereof, you and the Company have signed this Agreement to be effective as of the Award Date.

 

Sterling Construction
        Company, Inc.

 

 

 

 

	By: 	 	 	 
	 	Chief Executive Officer	 	[Name of Recipient]

 

 

 

 

[Name of Recipient] Restricted
Stock Agreement dated as of [Award Date]

Page 3 of 3

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