Document:

EX-10.1

 EXHIBIT 10.1 

FORM OF AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

This Amended and Restated Employment Agreement (this “Agreement”), is dated as of January 6, 2016 and is entered into between
Endurance Specialty Holdings Ltd. (the “Company”), and [Executive] (the “Executive”). 
 WHEREAS, the Company and the
Executive desire to enter into this Agreement in order to amend and restate the terms of the Executive’s continued employment with the Company and the Executive desires to enter into this Agreement and to accept continued employment with the
Company, subject to the terms and provisions of this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual
agreements contained herein, the Company and the Executive hereby agree as follows: 
 ARTICLE I. 

Definitions 
 1.1
“Board” shall mean the Board of Directors of the Company. 
 1.2 “Business” shall mean the brokerage,
underwriting, advising or consulting of or with respect to any line of property or casualty insurance or reinsurance underwritten by the Company or any of its subsidiaries or affiliates as an insurer or reinsurer during the Term. 

1.3 “Cause” shall mean: 

(a) any intentional act of fraud, embezzlement or theft by the Executive in connection with the Executive’s duties
hereunder or in the course of the Executive’s employment hereunder or the Executive’s admission or conviction of, or plea of nolo contendere to either, (i) a felony or (ii) a misdemeanor involving moral turpitude, fraud,
embezzlement, theft or misrepresentation; 
 (b) any gross negligence or willful misconduct of the Executive resulting in a
loss to the Company or any of its subsidiaries or affiliates; 
 (c) any breach by the Executive of any one or more of the
covenants contained in Section 5.2, 5.3, 5.4 or 5.5 hereof, provided the Executive has received 15 calendar days’ prior written notice of such breach in accordance with Section 7.3 of this Agreement; or 

(d) any violation of any statutory or common law duty of loyalty to the Company or any of its subsidiaries or affiliates. 

  
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 1.4 “Change in Control” shall mean: 

(a) the acquisition by any individual, entity or group (a “Person”), including any “person” within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of beneficial ownership within the meaning of Rule 13d-3 promulgated under the
Exchange Act, of 50% or more of either (i) the then outstanding ordinary shares, par value $1.00 per share, of the Company (the “Outstanding Ordinary Shares”) or (ii) the combined voting power of the then outstanding securities
of the Company entitled to vote generally in the election of directors pursuant to the Bye-Laws of the Company (the “Outstanding Voting Securities”); excluding, however, the following: (A) any acquisition directly from
the Company (excluding any acquisition resulting from the exercise of an exercise, conversion or exchange privilege unless the security being so exercised, converted or exchanged was acquired directly from the Company), (B) any acquisition by
the Company, (C) any acquisition by an employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (D) any acquisition by any corporation pursuant to a transaction which
complies with clauses (i), (ii) and (iii) of subsection (c) of this definition of Change in Control; provided, further, that for purposes of clause (B), if any Person (other than the Company or any employee benefit plan
(or related trust) sponsored or maintained by the Company or any corporation controlled by the Company) shall become the beneficial owner of 50% or more of the Outstanding Ordinary Shares or 50% or more of the Outstanding Voting Securities by reason
of an acquisition by the Company, and such Person shall, after such acquisition by the Company, become the beneficial owner of any additional Outstanding Ordinary Shares or any additional Outstanding Voting Securities and such beneficial ownership
is publicly announced, such additional beneficial ownership shall constitute a Change in Control; 
 (b) individuals who, as
of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of such Board within a 24 month period; provided, that any individual who becomes a director of the Company
subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by the vote of at least a majority of the directors then comprising the Incumbent Board shall be deemed a member of the
Incumbent Board; and provided, further, that any individual who was initially elected as a director of the Company as a result of an actual or threatened solicitation by a Person other than the Board for the purpose of opposing a
solicitation by any other Person with respect to the election or removal of directors, or any other actual or threatened solicitation of proxies or consents by or on behalf of any Person other than the Board shall not be deemed a member of the
Incumbent Board; 
 (c) the consummation of a reorganization, amalgamation, merger or consolidation or sale or other
disposition of all or substantially all of the assets of the Company (a “Corporate Transaction”); excluding, however, a Corporate Transaction pursuant to which (i) all or substantially all of the individuals or entities
who are the beneficial owners, respectively, of the Outstanding Ordinary Shares and the Outstanding Voting Securities immediately prior to such Corporate 

  
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Transaction will beneficially own, directly or indirectly, more than 55% of, respectively, the outstanding shares of common stock, and the combined voting power of the outstanding securities
entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Corporate Transaction (including, without limitation, a corporation which as a result of such transaction owns the Company or all or
substantially all of the Company’s assets either directly or indirectly) in substantially the same proportions relative to each other as their ownership, immediately prior to such Corporate Transaction, of the Outstanding Ordinary Shares and
the Outstanding Voting Securities, as the case may be, (ii) no Person (other than: the Company; any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; the corporation
resulting from such Corporate Transaction; and any Person which beneficially owned, immediately prior to such Corporate Transaction, directly or indirectly, 50% or more of the Outstanding Ordinary Shares or the Outstanding Voting Securities, as the
case may be) will beneficially own, directly or indirectly, 50% or more of, respectively, the outstanding shares of common stock of the corporation resulting from such Corporate Transaction or the combined voting power of the outstanding securities
of such corporation entitled to vote generally in the election of directors and (iii) individuals who were members of the Incumbent Board will constitute at least a majority of the members of the board of directors of the corporation resulting
from such Corporate Transaction; or 
 (d) the consummation of a plan of complete liquidation or dissolution of the Company.

 1.5 “Change in Control Period” shall mean the period commencing three months prior to the date of a Change in Control
and ending on the second annual anniversary of the date of a Change in Control. 
 1.6 “Code” means the Internal Revenue
Code of 1986, as amended. 
 1.7 “Confidential Information” shall mean any confidential or proprietary information, trade
secrets, customer lists, drawings, designs, information regarding product development, marketing plans, sales plans, manufacturing plans, management organization information, operating policies or manuals, business plans, financial records,
packaging design or other financial, commercial, business or technical information relating to the Company or any of its divisions, subsidiaries or affiliates, or that the Company or any of its divisions, subsidiaries or affiliates may have received
belonging to suppliers, customers or others who do business with the Company or any of its divisions, subsidiaries or affiliates. 
 1.8
“Date of Separation from Service” shall mean the following: 
 (a) if the Executive’s employment is
terminated for Cause, the date specified in the Notice of Separation from Service; 

  
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 (b) if the Executive’s employment is terminated by the Executive’s
death, the date of the Executive’s death; 
 (c) if the Executive’s employment is terminated for Disability, 15
calendar days after the Notice of Separation from Service is given (provided that the Executive shall not have returned to the full-time performance of the Executive’s duties during such 15 calendar day period); 

(d) if the Executive’s employment is terminated by the Executive with Good Reason, 3 months after the Notice of Separation
from Service is given (provided that the Company shall not have cured the event giving rise to the Executive’s right to separation from service for Good Reason during such 3 month period); 

(e) if the Executive’s employment is terminated by the Company or the Executive by delivery of a notice of non-renewal of
this Agreement pursuant to Section 3.1, such Renewal Date; 
 (f) if the Executive’s employment is terminated by
the Executive without Good Reason, 6 months after the Notice of Separation from Service is given; and 
 (g) if the
Executive’s employment is terminated by the Company without Cause, 3 months after the Notice of Separation from Service is given. 

1.9 “Disability” shall mean any condition which (i) prevents the Executive from substantially performing the
Executive’s duties under this Agreement for a period of at least 120 consecutive days, or 180 non-consecutive days within any 365-day period, and (ii) causes the Executive to become eligible for benefits under the Company’s long-term
disability plan. 
 1.10 “Good Reason” shall mean: 

(a) a material diminution in (i) the Executive’s Base Salary or (ii) the Executive’s authority, duties or
responsibilities; 
 (b) a change of more than 50 miles in the geographic location at which the Executive must perform the
Executive’s services on behalf of the Company; or 
 (c) any other action or inaction that constitutes a material breach
by the Company of this Agreement. 
 1.11 “Non-Competition Period” shall mean, in the event of a Separation from Service
(a) by the Company for Cause, for Disability or without Cause (including non-renewal of this Agreement by the Company on a Renewal Date) or (b) by the Executive for Good Reason, the period from the Date of Separation from Service to the
six month anniversary of the Date of Separation from Service. 

  
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 1.12 “Notice of Separation from Service” shall mean a notice that shall indicate
the specific separation from service provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for severance of the Executive’s service with the Company under the
provision so indicated. 
 1.13 “Renewal Date” shall mean each anniversary of the date of this Agreement. 

1.14 “Target Annual Incentive Compensation Percentage” shall mean the percentage set forth as the Target Annual Incentive
Compensation Percentage in Exhibit A, subject to adjustment from time to time by the Board; provided that any such adjustment shall not cause the sum of the Target Annual Incentive Compensation Percentage plus the Target Long-Term Compensation
Percentage to be lower than the sum of the Target Annual Incentive Compensation Percentage plus the Target Long-Term Compensation Percentage set forth in Exhibit A. 

1.15 “Target Long-Term Incentive Compensation Percentage” shall mean the percentage set forth as the Target Long-Term
Incentive Compensation Percentage in Exhibit A, subject to adjustment from time to time by the Board; provided that any such adjustment shall not cause the sum of the Target Annual Incentive Compensation Percentage plus the Target Long-Term
Compensation Percentage to be lower than the sum of the Target Annual Incentive Compensation Percentage plus the Target Long-Term Compensation Percentage set forth in Exhibit A. 

1.16 “Term” shall mean the term of employment of the Executive with the Company, which shall commence as of the date first
written above and continue until the earlier of (a) the first anniversary of the date first written above, subject to successive one year renewals in accordance with Section 3.1 or (b) the Executive’s Date of Separation from
Service. 
 ARTICLE II. 

Employment, Duties and Responsibilities 

2.1 Employment. During the Term, the Company agrees to employ the Executive and the Executive hereby agrees to be employed as the
[title] of the Company upon the terms and subject to the conditions contained in this Agreement. 
 2.2 Duties and Responsibilities.
The Executive shall have such duties and responsibilities during the Term as specified by the Chief Executive Officer of the Company, to whom the Executive shall directly report and who shall supervise the Executive’s work on a regular basis
(the “Direct Supervisor”). These duties and responsibilities may be modified from time to time in a manner consistent with the Executive’s position. The Executive agrees to serve as a director and/or officer of any subsidiary of the
Company at a level commensurate with the Executive’s position as may be reasonably requested by the Board or the Executive’s Direct Supervisor. 

2.3 Base of Operation. The Executive’s principal base of operation for the performance of the Executive’s duties and
responsibilities under this Agreement shall be 

  
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the offices of the Company in Pembroke, Bermuda; provided, however, that the Executive shall perform such duties and responsibilities outside of Pembroke, Bermuda as shall from time
to time be reasonably necessary to fulfill the Executive’s obligations hereunder. The Company and the Executive may at any time during the Term mutually agree to change the principal base of operation for the performance of the Executive’s
duties and responsibilities. The Executive’s performance of any duties and responsibilities shall be conducted in a manner consistent with any tax operating guidelines promulgated from time to time by the Board. 

ARTICLE III. 
 Term 

3.1 Term. The employment of the Executive under this Agreement shall be for the Term. Following the initial Term, the Term shall be
extended for successive one-year periods as of each Renewal Date unless, with respect to any such Renewal Date, (a) the Company gives the Executive at least three months’ prior written notice of an election not to extend the Term or
(b) the Executive gives the Company at least six months’ prior written notice of an election not to extend the Term. 
 ARTICLE IV.

 Compensation and Expenses 

4.1 Salary, Bonuses, Incentive Awards and Benefits. As compensation and consideration for the performance by the Executive of the
Executive’s obligations under this Agreement, the Executive shall be entitled, during the Term, to the following: 
 (a)
Base Salary. During the Term, the Company shall pay to the Executive a base salary at the Executive’s base salary rate as set forth in Exhibit A to this Agreement, subject to increase from time to time as determined by the Board, upon
recommendation of the Direct Supervisor, or if such Direct Supervisor is not an officer of the Company, an officer of the Company (“Base Salary”). The Executive’s Base Salary shall be payable in accordance with the Company’s
normal payroll procedures and shall not during the Term be reduced below the annual rate payable to the Executive on the date of this Agreement. 

(b) Annual Incentive Compensation. The Executive shall be eligible each calendar year for incentive compensation payable
in cash (“Annual Incentive Compensation”), the amount of which shall be determined by the Board, upon the recommendation of the Direct Supervisor. The Annual Incentive Compensation shall be based upon the performance of the Company, the
Executive’s business unit and the Executive, determined in accordance with performance criteria established by the Board and the Direct Supervisor at the commencement of each calendar year. The Annual Incentive Compensation payable to the
Executive upon the Company attaining the target Company, business unit and individual performance established by the Board and the Direct Supervisor at the commencement of each calendar year shall be the Target Annual Incentive

  
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Compensation Percentage of the Executive’s Base Salary as of the immediately preceding December 31st. The Annual Incentive
Compensation shall be paid to the Executive at the same time as annual incentive compensation is paid to other employees of the Company in accordance with the Company’s normal payroll procedures and shall be conditioned upon the
Executive’s continued employment with the Company through and including the scheduled date of payment of annual incentive compensation by the Company to its employees generally. 

(c) Long-Term Incentive Awards. The Executive shall also be eligible each calendar year during the Term for incentive
compensation in the form of equity and/or cash long-term incentive awards (the “Long-Term Incentive Awards”), the amount of which shall be determined by the Board, upon the recommendation of the Direct Supervisor. The Long-Term Incentive
Awards shall be based upon the performance of the Company, the Executive’s business unit and the Executive, determined in accordance with performance criteria established by the Board and the Direct Supervisor at the commencement of each
calendar year. The Long-Term Incentive Award deliverable to the Executive upon the Company attaining the target Company, business unit and individual performance established by the Board and the Direct Supervisor at the commencement of each calendar
year shall be the Target Long-Term Incentive Compensation Percentage of the Executive’s Base Salary as of the immediately preceding December 31st. The Long-Term Incentive Awards shall be
delivered to the Executive at the same time as long-term incentive awards are delivered to other senior executives of the Company in accordance with the Company’s normal procedures and shall be conditioned upon the Executive’s continued
employment with the Company through and including the scheduled date of delivery of long-term incentive awards by the Company to its senior executives generally. The Long-Term Incentive Awards shall be in a form determined by the Board, consistent
with long-term incentive awards to senior executives of the Company generally and, to the extent applicable, shall be issued in accordance with the terms of the equity incentive plans of the Company, as amended through the date hereof and hereafter
from time to time (the “Plans”). The Executive shall enter into separate award agreements with respect to such Long-Term Incentive Awards and the Executive’s rights with respect to such Long-Term Incentive Awards shall be governed by
the Plans and such award agreements. 
 (d) Housing Expense Reimbursement. The Company shall reimburse the Executive
for expenses relating to the rental and maintenance of the Executive’s residence in Bermuda which are properly and reasonably incurred by the Executive during the Term and are reimbursable under the Company’s housing expense reimbursement
policy, as amended from time to time. Prior to such payment the Executive shall provide to the Company any written substantiation for such expenses requested by the Company. The maximum amount of rental and maintenance expenses the Company shall
reimburse the Executive pursuant to this Section 4.1(d) shall be $132,000 per 12 month period (subject to upward adjustment by the Company from time to time), which maximum amount shall be prorated if the Executive’s employment with the
Company terminates prior to the scheduled expiration of the Term. 

  
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 (e) Travel Reimbursement. The Company shall reimburse the Executive for
travel expenses relating to the Executive’s commutation to and from Bermuda which are properly and reasonably incurred by the Executive during the Term and are reimbursable under the Company’s commutation expense reimbursement policy, as
amended from time to time. Prior to such payment the Executive shall provide to the Company any written substantiation for such expenses requested by the Company. 

(f) Tax Gross-Up. To the extent that the Executive incurs any United States federal or state ordinary income tax
liability on account of the housing expense reimbursement and travel expense reimbursement specified in Section 4.1(d) and (e) hereof, the Company shall reimburse the Executive for all such tax liability incurred and all United States
federal and state ordinary income tax liability incurred as a result of the tax gross-up payments specified pursuant to this Section 4.1(f). 

(g) Financial Planning and Tax Preparation Expense Reimbursement. The Company shall reimburse the Executive for the
cost associated with financial planning services provided for those calendar years falling entirely within the Term by a financial planning provider chosen by the Company in its sole discretion. The Executive understands and agrees that the
Company may from time to time amend the scope, terms and conditions of the financial planning services provided hereunder or change the identity of the financial planning provider, in either case at any time with or without prior notice to the
Executive. In the event the Executive elects not to utilize the financial planning provider chosen by the Company, the Company shall reimburse the Executive for the reasonable cost of the preparation of the Executive’s home country federal
and state income tax returns by a tax preparation service provider elected by the Executive and approved by the Company, for those calendar years falling entirely within the Term; provided that the maximum amount of tax preparation expense
reimbursable by the Company pursuant to this sentence shall be $3,600 per annum or such higher amount as shall be authorized in writing by the Company. Prior to any payment hereunder the Executive shall provide to the Company any written
substantiation for such expenses requested by the Company. 
 (h) Benefits. The Executive shall be eligible to
participate in such retirement savings plan, life insurance, health insurance, disability insurance and major medical insurance benefits, and in such other employee benefit plans and programs for the benefit of the employees and officers of the
Company generally, as may be maintained from time to time during the Term, in each case to the extent and in the manner available to other employees of the Company, subject to the terms and provisions of such plan or program. 

(i) Vacation. The Executive shall be entitled to reasonable paid vacation periods, in accordance with Company policy, to
be taken in the Executive’s discretion, in a manner consistent with the Executive’s obligations to the Company under this Agreement, and subject, with respect to timing, to the reasonable approval of the Executive’s Direct Supervisor.

  
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 (j) Indemnification/Liability Insurance. The Company shall indemnify the
Executive as required by the Bye-laws of the Company, and the Company may maintain customary insurance policies providing for indemnification of the Executive. In addition to the foregoing, the Executive and the Company agree to enter into the
Indemnification Agreement attached hereto as Exhibit B concurrent with the execution and delivery of this Agreement. 
 4.2 Expenses;
Other Benefits. During the Term, the Company shall provide the Executive with the following expense reimbursements and perquisites: 

(a) Business Expenses. The Company will reimburse the Executive for reasonable business-related expenses incurred by the
Executive in connection with the performance of the Executive’s duties hereunder during the Term, subject, however, to the Company’s policies relating to business-related expenses as in effect from time to time. 

(b) Other Benefits. The Company may also provide for or withdraw other benefits for the Executive as it determines from
time to time during the Term, consistent with practices governing similarly situated senior executives of the Company. 
 4.3 Tax
Withholding. The Company shall be permitted to deduct from the amounts payable to the Executive pursuant to this Agreement the amount of taxes that the Company is required to withhold pursuant to applicable laws, rules and regulations. 

ARTICLE V. 
 Exclusivity, Etc.

 5.1 Exclusivity. During the Term, the Executive shall perform faithfully and loyally and to the best of the Executive’s
abilities the duties assigned to the Executive hereunder and shall devote the Executive’s full business time, attention and effort to the affairs of the Company and its subsidiaries and affiliates and shall use the Executive’s reasonable
best efforts to promote the interests of the Company and its subsidiaries and affiliates. Notwithstanding the foregoing, the Executive may engage in charitable, civic or community activities, provided that such memberships and activities do not
interfere with the Executive’s duties hereunder or violate any of the Executives obligations under this Agreement. 
 5.2
Non-Competition; Non-Solicitation. 
 (a) General. The Executive acknowledges that in the course of the
Executive’s employment with the Company the Executive will become familiar with trade secrets and other confidential information concerning the Company and its divisions, subsidiaries and affiliates and that the Executive’s services will
be of special, unique and extraordinary value to the Company and its divisions, subsidiaries and affiliates. 

  
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 (b) Non-Competition. The Executive agrees that during the Term and the
Non-Competition Period, the Executive shall not in any manner, directly or indirectly, through any person, firm or corporation, alone or as a member of a partnership or as an officer, director, stockholder, investor, broker, advisor, employee of or
consultant to any other corporation or enterprise or otherwise, engage or be engaged, or assist any other person, firm, corporation or enterprise in engaging or being engaged, in the Business in any geographic area in which the Company or any of its
divisions, subsidiaries or affiliates is then conducting the Business. 
 (c) Non-Solicitation. The Executive further
agrees that during the Term and the Non-Competition Period, the Executive shall not (i) in any manner, directly or indirectly, induce or attempt to induce any employee of the Company or any of its divisions, subsidiaries or affiliates to
terminate or abandon his or her employment for any purpose whatsoever or (ii) in connection with the Business, call on, service, solicit or otherwise do business with any customer of the Company or any of its divisions, subsidiaries or
affiliates. 
 (d) Exceptions. Nothing in this Section 5.2 shall prohibit the Executive from being (i) a
stockholder in a mutual fund or a diversified investment company or (ii) an owner of not more than two percent of the outstanding stock of any class of a corporation, any securities of which are publicly traded, so long as the Executive has no
active participation in the business of such corporation. 
 5.3 Confidential Information. 

(a) General. The Executive agrees that the Executive will not, at any time during or after the Term, make use of or
divulge to any other person, firm or corporation any Confidential Information which the Executive may have learned in connection with the Executive’s employment hereunder. 

(b) Exceptions. The Executive’s obligation under this Section 5.3 shall not apply to any information which
(i) is disclosed or used during the Term by the Executive as required or appropriate in connection with the Executive’s duties as an officer of the Company or a subsidiary or affiliate thereof, (ii) is disclosed as required by a court
of law, by any governmental agency having supervisory authority over the business of the Company or any of its divisions, subsidiaries or affiliates or by any administrative or legislative body, including a committee thereof) with apparent
jurisdiction to order the Executive to divulge, disclose or make accessible such information, (iii) is disclosed to the Executive’s spouse, attorney and/or the Executive’s personal tax and financial advisors as reasonably necessary or
appropriate to advance the Executive’s tax, financial and other personal planning (iv) is known publicly; (v) is in the public domain or hereafter enters the public domain without the fault of the Executive; (vi) is known to the
Executive prior to the Executive’s receipt of such information from the Company or any of its divisions, subsidiaries or affiliates, as evidenced by written records of the Executive or (vii) is hereafter disclosed to the Executive by a
third party not under an obligation of confidence to the Company or any of its divisions, subsidiaries or affiliates. 

  
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 (c) Executive Obligations. The Executive agrees that the Executive shall,
immediately after the Executive gains knowledge of any required disclosure of Confidential Information pursuant to clause (ii) of subsection (b) above, give the Company written notice promptly upon obtaining knowledge of the required
disclosure of Confidential Information and, in any event, prior to such required disclosure of Confidential Information, and use commercially reasonable efforts to cooperate with the Company (at the Company’s sole expense) in obtaining an
adequate protective order for such Confidential Information. The Executive further agrees to properly advise any recipient of Confidential Information pursuant to clause (iii) of subsection (b) above of the obligations of the Executive
hereunder, to obtain the agreement of such recipient to be bound by the terms of this Section 5.3 as if a signatory to this Agreement and to be responsible for any breach by any such recipient of the terms of this Section 5.3. The
Executive further agrees not to remove from the premises of the Company, or as applicable, the premises of any of its divisions, subsidiaries or affiliates, except as an employee of the Company in pursuit of the business of the Company, its
divisions, subsidiaries or affiliates, or except as specifically permitted in writing by the Board, any document or other object containing or reflecting any Confidential Information. On or before the Date of Separation from Service, the Executive
shall forthwith deliver to the Company all such Confidential Information, including without limitation all lists of customers, correspondence, accounts, records and any other documents or property made or held by the Executive or under the
Executive’s control in relation to the business or affairs of the Company or its subsidiaries or affiliates, and no copy of any such Confidential Information shall be retained by the Executive. 

5.4 Inventions. The Executive hereby assigns to the Company the Executive’s entire right, title and interest in and to all
discoveries and improvements, patentable or otherwise, trade secrets, proprietary ideas, trademarks, trade names, Internet domain names, writings, and copyrightable works that are conceived by the Executive or developed or acquired by the Executive
during the Term in connection with the Executive’s employment by the Company, the Executive’s duties to the Company and the business of the Company or any of its subsidiaries or affiliates (“Developments”); provided, that
the foregoing assignment shall not apply to writings and copyrightable works of a general nature about the Executive’s experience at the Company or about the insurance industry that are created by the Executive outside of the Executive’s
duties and outside of normal working hours, subject in all cases to Section 5.3. The Executive agrees to disclose fully all such Developments to the Company upon its request, which disclosure shall be made in writing promptly following any such
request. The Executive shall, upon the Company’s request, execute, acknowledge and deliver to the Company all instruments and do all other acts which are necessary or desirable to enable the Company or any of its subsidiaries to file and
prosecute applications for, and to acquire, maintain and enforce, all patents, trademarks and copyrights in all countries. 

  
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 5.5 Non-Disparagement. Each party hereto acknowledges and agrees that such party will not
defame or publicly criticize the services, business, integrity, veracity or personal or professional reputation of the other party and, in the case of the Company, its officers, directors, partners, employees, affiliates or agents thereof, in either
a professional or personal manner, except that the foregoing shall not limit normal competitive activities; provided that, in the case of the Executive, such competitive activities are in compliance with the Executive’s obligations under
Section 5.2. 
 5.6 Remedies. The Executive acknowledges that the Company’s remedy at law for a breach by the Executive of
the provisions of this Article V will be inadequate. Accordingly, in the event of a breach or threatened breach by the Executive of any provision of this Article V, the Company shall be entitled to injunctive relief (without posting a bond or other
security) in addition to any other remedy it may have. If any of the provisions of, or covenants continued in, this Article V are hereafter construed to be invalid or unenforceable in any jurisdiction, the same shall not affect the remainder of the
provisions or the enforceability thereof in any jurisdiction, which shall be given full effect, without regard to the invalidity or unenforceability in such other jurisdiction. If, at any time of enforcement of this Article V, a court or an
arbitrator holds that the restrictions stated herein are unreasonable and/or unenforceable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable and/or enforceable under such
circumstances shall be substituted for the stated period, scope or area and that the court or arbitrator shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law provided, however,
that the determination of such court or arbitrator shall not affect the enforceability of this Article V in any other jurisdiction. This Agreement shall not authorize a court or arbitrator to increase or broaden any of the restrictions in this
Article V. 
 5.7 Blue Pencil. If, at any time, the provisions of this Article V shall be determined to be invalid or unenforceable
under any applicable law, by reason of being vague or unreasonable as to area, duration or scope of activity, this Article V shall be considered divisible and shall become and be immediately amended to only such area, duration and scope of activity
as shall be determined to be reasonable and enforceable by the court or other body having jurisdiction over the matter. The Executive and the Company agree that this Article V as amended pursuant to the immediately preceding sentence, shall be valid
and binding as though any invalid or unenforceable provision had not been included therein. 
 ARTICLE VI. 

Separation from Service 

6.1 Involuntary Separation from Service 

(a) Separation from Service for Cause. The Company shall have the right to sever the Executive’s service with the
Company at any time for Cause by delivery of a Notice of Separation from Service and the Date of Separation from Service shall be as specified in Section 1.8(a). 

  
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 (b) Death. In the event the Executive dies during the Term, the
Executive’s service with the Company shall automatically be severed and the Date of Separation from Service shall be as specified in Section 1.8(b). 

(c) Disability. In the event that the Executive suffers a Disability, the Company shall have the right to sever the
Executive’s service with the Company by delivery of a Notice of Separation from Service and the Date of Separation from Service shall be as specified in Section 1.8(c). 

(d) Separation from Service without Cause. The Company may at any time sever the Executive’s service with the
Company by delivery of a Notice of Separation from Service for any reason other than Cause or the Executive’s death or Disability and the Date of Separation from Service shall be as specified in Section 1.8(g). 

(e) Non-Renewal of Employment Agreement. In the event the Company or the Executive elects not to renew this Agreement
pursuant to Section 3.1 hereof on a Renewal Date, the Date of Separation from Service shall be such Renewal Date. In the event the Company elects not to renew this Agreement pursuant to Section 3.1, the notice of non-renewal of this
Agreement delivered by the Company to the Executive pursuant to Section 3.1 shall constitute delivery of a Notice of Separation from Service without Cause and the Executive shall be entitled to the compensation and benefits set forth in
Section 6.4(d) or 6.4(e), as applicable. 
 6.2 Executive Separation from Service. 

(a) Separation from Service without Good Reason. The Executive may terminate the Executive’s employment at any time
without Good Reason by delivery of a Notice of Separation from Service to the Company and the Date of Separation from Service shall be as specified in Section 1.8(f). 

(b) Separation from Service with Good Reason. The Executive may terminate the Executive’s employment for Good
Reason only (i) within the Change in Control Period and (ii) by delivery of Notice of Separation from Service to the Company within 30 calendar days of the Executive first becoming aware of the circumstances giving rise to the
Executive’s right to terminate the Executive’s employment for Good Reason and the Date of Separation from Service shall be as specified in Section 1.8(d). 

6.3 Notice of Separation from Service. Any purported separation of the Executive’s service with the Company (other than separation
from service pursuant to Section 6.1(b)) shall be communicated by written Notice of Separation from Service to the other party hereto delivered in accordance with Section 7.3 hereof. 

  
 13 

 6.4 Effect of Separation from Service. 

(a) Separation from Service by Company for Cause. In the event of any severance of the Executive’s service with the
Company during the Term by the Company for Cause, the Company shall pay to or provide the Executive with the following compensation and benefits: 

(i) Any earned but unpaid Base Salary up to and including the Date of Separation from Service, payable in accordance with the
Company’s customary payroll procedures; 
 (ii) Any unreimbursed business expenses incurred by the Executive in the
performance of the Executive’s duties for the Company prior to the Date of Separation from Service, upon receipt by the Company of documentation in such form as customarily required by the Company to report business expenses, payable in
accordance with the Company’s customary business expense reimbursement procedures; 
 (iii) The Executive’s Base
Salary for any vacation days accrued and unused (determined in accordance with Company policy) by the Executive from the immediately preceding January 1st until the Date of Separation from
Service, payable in accordance with the Company’s customary payroll procedures; 
 (iv) Any housing expense
reimbursement for the Executive’s residence in Bermuda, payable in accordance with Section 4.1(d), until the later of (A) the end of the Non-Competition Period or (B) the three month anniversary of the Date of Separation from
Service, following the submission to the Company of satisfactory written substantiation for such housing expenses; 
 (v) Any
proper and reasonable expense reimbursement relating to the relocation of the Executive’s residence from Bermuda, in the event the Executive and the Executive’s family relocate their permanent residence from Bermuda during the 6 months
immediately following the Date of Separation from Service, which relocation expense reimbursement shall be made in a manner agreeable to the Company and the Executive and subject to receipt by the Company of satisfactory written substantiation for
such relocation expenses, which reimbursement shall be payable within 15 business days after the submission to the Company of satisfactory written substantiation for such relocation expenses; 

(vi) Reimbursement for the reasonable cost of the preparation of the Executive’s home country federal and state income tax
returns by a tax preparation service provider elected by the Executive and approved by the Company, for the calendar year during which the Date of Separation from Service occurred; provided that the maximum amount of tax preparation expense
reimbursable by the Company pursuant hereto shall be $3,600 or such higher amount as shall be authorized in writing by the 

  
 14 

 
Company and the Company shall have received from the Executive satisfactory written substantiation for such tax expenses, which reimbursement shall be payable on within 15 business days after the
submission to the Company of satisfactory written substantiation for such tax expenses; and 
 (vii) Any other benefits
available to employees of the Company generally, through and including the Date of Separation from Service, payable or deliverable in accordance with the terms and conditions applicable to such benefits. 

(b) Separation from Service by the Executive without Good Reason. In the event of any severance of the Executive’s
service with the Company during the Term by the Executive without Good Reason, the Company shall pay to or provide the Executive with the compensation and benefits described in Section 6.4(a). 

(c) Separation from Service as a Result of Death or Disability. In the event of any severance of the Executive’s
service with the Company during the Term as a result of the Executive’s death or Disability, the Company shall pay to or provide the Executive or the Executive’s heirs with the compensation and benefits described in Section 6.4(a) and
the following additional compensation and benefits: 
 (i) Any earned but unpaid Annual Incentive Compensation for the last
completed calendar year during the Term, which Annual Incentive Compensation shall be determined (A) in accordance with the Company’s annual incentive plan, (B) utilizing the Target Annual Incentive Compensation Percentage and
performance criteria previously established by the Board and the Executive’s Direct Supervisor for such completed calendar year in accordance with Section 4.1(b) and (C) by the Board and the Executive’s Direct Supervisor
(1) without the exercise by the Board or the Executive’s Direct Supervisor of any discretionary adjustment to such Annual Incentive Compensation and (2) with the Board and the Executive’s Direct Supervisor ascribing to any
individual evaluation of the Executive the same result as occurs based upon the Company’s performance under its annual incentive plan, and which Annual Incentive Compensation shall be payable within 15 business days of the Date of Separation
from Service; and 
 (ii) A cash sum equal to the Target Annual Incentive Compensation Percentage of the Executive’s
Base Salary as of the Date of Separation from Service multiplied by a fraction (x) the numerator of which is the number of calendar days elapsed in the calendar year up to and including the Date of Separation from Service and (y) the
denominator of which is 365, payable within 15 business days of the Date of Separation from Service. 

  
 15 

 (d) Separation from Service by the Company without Cause other than During a
Change in Control Period. In the event of any severance of the Executive’s service with the Company during the Term by the Company without Cause other than during a Change in Control Period, the Company shall pay to or provide the Executive
with the compensation and benefits described in Sections 6.4(a) and 6.4(c) and the following additional compensation and benefits: 

(i) The continuation of the Executive’s Base Salary, paid in accordance with the Company’s payroll policy, from the
Date of Separation from Service to the earlier of (x) the nine month anniversary of the Date of Separation from Service or (y) February 28th of the calendar year following the Date
of Separation from Service; 
 (ii) A cash sum equal to the difference (if any) between nine months of the Executive’s
Base Salary and the amounts previously paid to the executive pursuant to clause (i), payable on the February 28th of the calendar year following the Date of Separation from Service; 

(iii) To the extent that the Executive’s Long-Term Incentive Awards do not vest as a result of the Executive’s
Separation from Service under the agreements governing such Long-Term Incentive Awards or the applicable Plan, a cash sum (payable within 15 business days of the Date of Separation from Service) equal to the product of the following: 

(A) 50% of the unvested Long-Term Incentive Awards as of the Date of Separation from Service (assuming all performance-based
equity awards have met any applicable performance standards), multiplied by 
 (B) either (x) the per share closing
price on the New York Stock Exchange for the Company’s ordinary shares on the Date of Separation from Service for Long-Term Incentive Awards with no exercise price or (y) the difference between (1) the per share closing price on the
New York Stock Exchange for the Company’s ordinary shares on the Date of Separation from Service and (2) the applicable per share exercise price for Long-Term Incentive Awards with an exercise price; and 

(iv) Either (A) the payment during the nine months immediately following the Date of Separation from Service of the
Company’s portion of the cost of nine months of premiums for standard life insurance for the Executive and medical and dental insurance for the Executive, the Executive’s spouse and the Executive’s dependent children based upon the
plans, participants, terms and conditions in effect for the Executive immediately prior to the date of delivery of the Notice of Separation from Service, to the extent permitted under applicable law and the terms and conditions of the applicable
insurance policies or plans or (B) a cash sum (payable within 15 business days of the Date of Separation from Service) equal to the Company’s portion of the premiums for insurance coverage to the extent it is not available under clause
(A). 

  
 16 

 (e) Separation from Service by the Company without Cause or by the Executive
with Good Reason During a Change in Control Period. In the event of any severance of the Executive’s service with the Company during the Term (x) by the Company without Cause or (y) by the Executive with Good Reason, in each case
during a Change in Control Period, the Company shall pay to or provide the Executive with the compensation and benefits described in Sections 6.4(a), 6.4(c) and 6.4(d) and the following additional compensation: 

(i) A cash sum equal to the average of the three most recent Annual Incentive Compensation cash payments (including any Annual
Incentive Compensation awards of zero for completed years of service) made by the Company to the Executive, payable within 15 business days of the expiration of the Non-Competition Period; provided, that (A) in the event that the Date of
Separation from Service occurs prior to the Executive having received three Annual Incentive Compensation awards, the cash sum shall be equal to the average of the number of Annual Incentive Compensation awards received by the Executive and
(B) in the event that the Date of Separation from Service occurs prior to the Executive having received any Annual Incentive Compensation awards, the cash sum shall be equal to the Executive’s Base Salary multiplied by the Target Annual
Incentive Compensation Percentage. 
 6.5 Executive Release. It shall be a condition precedent to the delivery to the Executive by
the Company of any payment or benefit under Section 6.4(d) or Section 6.4(e), the Company’s receipt of: (i) a copy of the Executive Release attached hereto as Exhibit C duly executed by the Executive and (ii) a copy of the
letter in the form attached hereto as Exhibit D (the “Release Confirmation Letter”), duly executed by the Executive; provided that the delivery of the Executive Release and the Release Confirmation Letter must have occurred no later than
45 calendar days after the Date of Separation from Service and the Release Confirmation Letter may not be returned sooner than the eighth day after the execution of the Executive Release. The Executive understands and agrees that the Executive would
not receive the monies and/or benefits specified under Section 6.4(d) or Section 6.4(e), except for the Executive’s execution of the Executive Release and fulfillment of the promises contained herein and therein that pertain to the
Executive. The Executive further understands that even if the Executive does not sign the Executive Release, the Company will pay the Executive the Base Salary and any accrued but unused vacation benefits that the Executive has earned through the
Date of Separation from Service. The Executive will also be offered applicable benefits to which the Executive is eligible pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, subject to the provisions of the American Recovery and
Reinvestment Act of 2009. The Executive retains all vested benefits that the Executive has accrued under the Company’s retirement plans, the Plans and the Long-Term Incentive Awards. In addition, the Executive agrees that, to the extent
applicable, a portion of the payments made by the Company to the Executive under Section 6.4(d) or Section 6.4(e) shall be deemed severance pay in lieu of any notice required under applicable law and that the Company shall have no other
liability to the Executive thereunder. 

  
 17 

 6.6 Amendment of Long-Term Incentive Awards. In the event that the Executive is eligible
for the continued vesting of any Long-Term Incentive Awards after the Date of Separation from Service, it shall be a condition precedent to the delivery to the Executive by the Company of any payment or benefit under Section 6.4(d) that the
Executive executes and delivers to the Company an amendment to each such Long-Term Incentive Agreement, which amendment shall be reasonably satisfactory to the Company, providing for the lapse of 50% of each future individual tranche of vesting
securities or cash scheduled to vest after the Date of Separation from Service under each such Long-Term Incentive Agreement. 
 6.7
Resignations. The resignation by the Executive from all director and officer positions held by the Executive with the Company and any subsidiary or affiliate of the Company shall be a condition precedent to the delivery to the Executive by
the Company of any payment or benefit under Section 6.4 (other than in connection with a separation of the Executive’s service with the Company as a result of the Executive’s death). 

6.8 Compliance with Restrictive Covenants. The Executive’s continued compliance with the restrictive covenants set forth in
Sections 5.2, 5.3, 5.4 and 5.5 shall be a condition precedent to the receipt by the Executive of the payments and benefits set forth in Sections 6.4(d) and 6.4(e) on or after the Date of Separation from Service and, in the event the Executive
breaches one or more of the covenants set forth in Sections 5.2, 5.3, 5.4 or 5.5, the Company shall be entitled to recover from the Executive the value of any payment or benefit made or provided by the Company to the Executive pursuant to the
above-referenced Sections of this Agreement on and after the first date of such breach. 
 6.9 Section 280G Treatment. 

(a) In the event that any payment or benefit received or to be received by the Executive (including any payment or benefit
received in connection with a Change in Control or the severance of the Executive’s service with the Company, whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement) (all such payments and benefits being
hereinafter referred to as the “Total Payments”) would be subject (in whole or part), to any excise tax imposed under Section 4999 of the Code (the “Excise Tax”), then, after taking into account any reduction in the Total
Payments provided by reason of Section 280G of the Code in such other plan, arrangement or agreement, the cash payments under Section 6.4 shall first be reduced, and the non-cash payments under Section 6.4 shall thereafter be reduced,
to the extent necessary so that no portion of the Total Payments is subject to the Excise Tax. 
 (b) For purposes of
determining whether and the extent to which the Total Payments will be subject to the Excise Tax, (i) no portion of the Total Payments the receipt or enjoyment of which the Executive shall have waived at such time and in such manner as not to
constitute a “payment” within the meaning of 

  
 18 

 
Section 280G(b) of the Code shall be taken into account, (ii) no portion of the Total Payments shall be taken into account which, in the opinion of tax counsel (“Tax Counsel”)
reasonably acceptable to the Executive and selected by the accounting firm (the “Auditor”) which was, immediately prior to the Change in Control, the Company’s independent auditor, does not constitute a “parachute payment”
within the meaning of Section 280G(b)(2) of the Code (including by reason of Section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax, no portion of such Total Payments shall be taken into account which, in the opinion of Tax
Counsel, constitutes reasonable compensation for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code, in excess of the Base Amount allocable to such reasonable compensation, and (iii) the value of any
non-cash benefit or any deferred payment or benefit included in the Total Payments shall be determined by the Auditor in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. 

6.10 Long-Term Incentive Awards. The Executive’s rights with respect to the Executive’s Long-Term Incentive Awards upon any
separation from service with the Company shall be governed exclusively by the terms and conditions of the award agreements executed by the Executive in connection with such Long-Term Incentive Awards and, to the extent applicable, the Plans. 

6.11 Other Compensation and Benefits. Except as specified in Section 6.4 and any vested benefits that the Executive has accrued
under the Company’s retirement plans, Plans or Long-Term Incentive Awards, the Executive shall not be entitled to any compensation, benefits or other payments or distributions, and references in the Executive Release to the release of claims
against the Company shall be deemed to also include reference to the release of claims against all compensation and benefit plans and arrangements established or maintained by the Company and its subsidiaries and affiliates. 

6.12 Obligations of the Executive. The Executive shall have no obligations to the Company under this Agreement after the Date of
Separation from Service, other than as provided in Section 6.13, and except and to the extent Sections 5.2, 5.3, 5.4 or 5.5 shall apply. 

6.13 Post-Separation from Service Cooperation. Following any separation of the Executive’s service with the Company for any
reason, the Executive shall reasonably cooperate with the Company to assist with existing or future investigations, proceedings, litigations or examinations involving the Company or any of its divisions, subsidiaries or affiliates. For each business
day, or part thereof, that the Executive provides assistance as contemplated under this Section 6.13, the Company shall pay the Executive an amount equal to (i) the Executive’s annual Base Salary as in effect on the Date of Separation
from Service, divided by (ii) 200. In addition, upon presentment of satisfactory written documentation, the Company will reimburse the Executive for reasonable out-of-pocket travel, lodging and other incidental expenses the Executive incurs in
providing such assistance. If requested by the Company, the Executive shall make reasonable good faith efforts to travel to such locations as the Company may reasonably request. 

  
 19 

 ARTICLE VII. 

Miscellaneous 
 7.1
Life Insurance. The Executive agrees that the Company or any of its divisions, subsidiaries or affiliates may apply for and secure and own insurance on the Executive’s life (in amounts determined by the Company) for the benefit of the
Company. The Executive agrees to cooperate fully in the application for and securing of such insurance, including the submission by the Executive to such physical and other examinations, and the answering of such questions and furnishing of such
information by the Executive, as may be required by the carrier(s) of such insurance. Notwithstanding anything to the contrary contained herein, neither the Company nor any of its divisions, subsidiaries or affiliates shall be required to obtain any
insurance for or on behalf of the Executive. 
 7.2 Benefit of Agreement; Assignment; Beneficiary. This Agreement shall inure to the
benefit of and be binding upon the Company and its successors and assigns, including, without limitation, any corporation or person which may acquire all or substantially all of the Company’s assets or business, or with or into which the
Company may be consolidated or merged. This Agreement shall also inure to the benefit of, and be enforceable by, the Executive and the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributes,
devisees and legatees. The Company shall require any successor (whether direct or indirect, by operation of law, purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly
assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. 

7.3 Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be deemed given when
(a) delivered personally or by overnight courier to the following address of the other party hereto (or such other address for such party as shall be specified by notice given pursuant to this Section 7.3) or (b) sent by facsimile to
the following facsimile number of the other party hereto (or such other facsimile number for such party as shall be specified by notice given pursuant to this Section 7.3), with the confirmatory copy delivered by overnight courier to the
address of such party pursuant to this Section 7.3: 
 If to the Company, to: 

Endurance Specialty Holdings Ltd. 

Waterloo House 
 100 Pitts Bay
Road 
 Pembroke HM08 

Bermuda 
 Attention: General
Counsel 
 Facsimile: (441) 278-0401 

  
 20 

 If to the Executive, to the residence address or residence facsimile number of the Executive set
forth in the records of the Company. 
 7.4 Entire Agreement: This Agreement contains the entire agreement of the parties hereto with
respect to the terms and conditions of the Executive’s employment and supersedes any and all prior agreements and understandings, whether written or oral, between the parties hereto with respect to the Executive’s employment with the
Company and the Executive’s compensation due for services rendered hereunder, including but not limited to the Amended and Restated Employment Agreement, dated April 28, 2009, between the Executive and the Company. 

7.5 Amendment and Waiver. This Agreement may not be changed or modified except by an instrument in writing signed by both of the
parties hereto. The waiver by either party of a breach of any provision of this Agreement shall not operate or be construed as a continuing waiver or as a consent to or waiver of any subsequent breach hereof. 

7.6 Headings. The Article and Section headings herein are for convenience of reference only, do not constitute a part of this Agreement
and shall not be deemed to limit or affect any of the provisions hereof. 
 7.7 Arbitration. Except as otherwise set forth in
Section 5.6 hereof, any dispute or controversy between the Company and the Executive, whether arising out of or relating to this Agreement, the breach of this Agreement, or otherwise, shall be settled by arbitration in Hamilton, Bermuda under
the provisions of the Bermuda International Conciliation and Arbitration Act 1993, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The arbitrator shall have the authority to award any
remedy or relief that a court of competent jurisdiction could order or grant, including, without limitation, the issuance of an injunction. However, either party may, without inconsistency with this arbitration provision, apply to any court having
jurisdiction over such dispute or controversy and seek interim provisional, injunctive or other equitable relief until the arbitration award is rendered or the controversy is otherwise resolved. Except as necessary in court proceedings to enforce
this arbitration provision or an award rendered hereunder, or to obtain interim relief, neither a party nor an arbitrator may disclose the existence, content or results of any arbitration hereunder without the prior written consent of the Company
and the Executive. The Executive shall have no right to enforce any of the Executive’s rights hereunder by seeking or obtaining injunctive or other equitable relief and acknowledges that damages are an adequate remedy for any breach by the
Company of this Agreement. 
 7.8 Governing Law. This Agreement shall be governed by, and construed and interpreted in accordance
with, the internal laws of the Islands of Bermuda, without regard to principles of conflict of laws. 
 7.9 No Mitigation; No Offset.
The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking (and, without limiting the generality of this sentence, no payment otherwise required under this Agreement shall be
reduced on account of) other employment or otherwise, and payments under this Agreement shall not be subject to offset in respect of any claims which the Company may have against the Executive. 

  
 21 

 7.10 Attorneys’ Fees. Each party to this Agreement will bear its own expenses in
connection with any dispute or legal proceeding between the parties arising out of the subject matter of this Agreement, including any proceeding to enforce any right or provision under this Agreement. 

7.11 Compliance with Section 409A. This Agreement is intended to comply with Section 409A of the Code and shall be construed
and interpreted in accordance with such intent. If as of the Date of Separation from Service the Executive is a “specified employee,” as defined in Section 409A of Code, to the extent required by Section 409A of the Code, the
payments and benefits specified in Section 6.4 shall not be paid or commence until six months after the Date of Separation from Service. Furthermore, if the Executive is affected by the six (6) month delay in payment imposed by
Section 409A of the Code and this Section 7.11, the aggregate amount of the first six months of any installment payments under Section 6.4 shall be paid at the earlier of (a) the Executive’s death or (b) the beginning
of the seventh month following the Date of Separation from Service and monthly installment payments shall continue thereafter as specified in Section 6.4. To the extent that the delivery of any cash or benefits to the Executive under this
Agreement, or the payment, settlement or deferral thereof, is otherwise subject to Section 409A of the Code, such cash or benefits shall be paid, settled or deferred in a manner that will comply with Section 409A of the Code, including
regulations or other guidance issued with respect thereto, except as otherwise agreed in writing by the Company and the Executive. The Executive and the Company acknowledge and agree that the interpretation of Section 409A of the Code and its
application to the terms of this Agreement is uncertain and may be subject to change as additional guidance and interpretations become available. In no event whatsoever shall the Company be liable for any tax, interest or penalties that may be
imposed on the Executive by Section 409A of the Code or any damages for failing to comply with Section 409A of the Code. A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of any amounts or benefits subject to Section 409A of the Code upon or following a termination of employment until such termination is also a “separation from service” within the meaning of Section 409A
of the Code and for purposes of any such provision of this Agreement, references to a “termination,” “terminate,” “termination of employment” or like terms shall mean separation from service. All reimbursements for
costs and expenses under this Agreement shall be paid in no event later than the end of the calendar year following the calendar year in which the Executive incurs such expense. With regard to any provision herein that provides for reimbursement of
costs and expenses or in-kind benefits, except as permitted by Section 409A of the Code, (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (ii) the amount of
expenses eligible for reimbursements or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year. Whenever a payment under this Agreement
specifies a payment period with reference to a number of days, the actual date of payment shall be within the sole discretion of the Company. If under this Agreement, an amount is paid in two (2) or more installments, for purposes of
Section 409A of the Code, each installment shall be treated as a separate payment. 

  
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 7.12 Termination; Survivorship. This Agreement shall terminate upon the Executive’s
separation from service with the Company, except that the respective rights and obligations of the parties under this Agreement as set forth herein shall survive any termination of this Agreement to the extent necessary to the intended preservation
of such rights and obligations. 
 7.13 Severability. Other than Article V, to which Section 5.7 shall apply, whenever possible,
each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under applicable law or
rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of any other provision of this Agreement or the validity, legality or enforceability of such provision in any other
jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 

7.14 Other Agreements. The Executive represents and warrants to the Company that to the best of the Executive’s knowledge, neither
the execution and delivery of this Agreement nor the performance of the Executive’s duties hereunder violates or will violate the provisions of any other agreement to which the Executive is a party or by which the Executive is bound. 

7.15 Subsidiaries, etc. 

(a) Company Obligations. The obligations of the Company under this Agreement may be satisfied by any subsidiary or
affiliate of the Company for which the Executive serves as an employee under this Agreement, to the extent such obligations relate to the Executive’s employment by such subsidiary or affiliate. 

(b) Company Rights The rights of the Company under this Agreement may be enforced by any Subsidiary or affiliate of the
Company for which the Executive serves as an employee under this Agreement, to the extent such rights relate to the Executive’s employment by such subsidiary or affiliate. 

7.16 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all
of which together will constitute one and the same instrument. 

  
 23 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written
above. 
  

			
	ENDURANCE SPECIALTY HOLDINGS LTD.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	  

	[Executive]

  
 24EX-10.2

 EXHIBIT 10.2 

FORM OF AMENDED AND RESTATED INDEMNIFICATION AGREEMENT 

This Amended and Restated Indemnification Agreement (this “Agreement”) is made the 6th day of January, 2016 by and between Endurance
Specialty Holdings Ltd., a Bermuda company (the “Company”), and [Executive], who serves as an officer of the Company on the date hereof (the “Indemnitee”). 

WHEREAS, the Indemnitee serves as an officer of the Company; and 

WHEREAS, the Company and the Executive entered into an Indemnification Agreement, dated as of
[                    ], which Indemnification Agreement was amended and restated as of
[                    ] (as amended and restated, the “Original Indemnification Agreement”) in order to induce the Indemnitee to continue to
serve as an officer of the Company; and 
 WHEREAS, the Company wishes the Indemnitee to continue to serve as an officer of the Company and
the Indemnitee is willing, under certain circumstances, to continue in such capacity; and 
 WHEREAS, as an inducement to continued service
as an officer by the Indemnitee, the Company has determined to provide additional protection to the Indemnitee as set forth herein; and 

WHEREAS, the Company and the Executive desire to further amend and restate the Original Indemnification Agreement and the Executive desires to
enter into this Agreement in order to revise the terms and provisions of the Original Indemnification Agreement. 
 NOW, THEREFORE, in
consideration of the Indemnitee’s continued and future service to the Company, the parties agree as follows: 
  

	1.	Indemnification. The Company agrees to indemnify the Indemnitee to the full extent permitted by Bermuda law and the Company’s Bye-Laws, as each exists now and as each may be amended in the future to permit
additional indemnification for the Indemnitee. 

  

	2.	 Payment of Expenses. Without limiting the indemnification provided in Section 1 and subject to the limitations, terms and conditions of
this Agreement, including, but not limited to, the limitations in Section 9, the Company agrees, to the fullest extent permitted by applicable law and the Company’s Bye-Laws as in effect at any time during the term of this Agreement, to
pay all costs, charges and other expenses, including, but not limited to, attorneys’ fees, costs of appearance, attachment and similar bonds (hereinafter referred to as “Expenses”) incurred by the Indemnitee in connection with any
threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (including, but not limited to, any action by or in the right of the Company), to which the Indemnitee is, was or at any time
becomes a party, or is threatened to be made a party, by reason of the fact that the Indemnitee is, was or at any time becomes a director, officer, employee, agent 

  
 1 

	 	
or fiduciary of the Company, or is or was serving or at any time serves at the request of the Company as a director, officer, employee, agent, or fiduciary of another corporation, partnership,
joint venture, trust or other enterprise or with respect to any employee benefit plan (or its participants or beneficiaries) of the Company or any such other enterprise as such Expenses accrue and, in any event, within twenty (20) days after
the Company has received written request therefor from or on behalf of the Indemnitee. The Company shall continue to make such payments unless and until there has been a final adjudication by a court of competent jurisdiction establishing that the
Indemnitee is not entitled to payment of such Expenses in accordance with Section 10 of this Agreement. 

  

	3.	Maintenance of D&O Insurance. The Company currently maintains directors’ and officers’ liability insurance with a limit of coverage in excess of $70,000,000 (the “D&O Policies”).

  

	 	a.	So long as the Indemnitee shall continue to serve in any capacity described in Section 2 and thereafter so long as the Indemnitee shall be subject to any possible action, suit or proceeding by reason of the fact
that the Indemnitee served in any of said capacities, the Company will purchase and maintain in effect for the benefit of the Indemnitee one or more valid, binding and enforceable policies of directors’ and officers’ liability insurance
providing, in all respects, coverage and amounts at least comparable to that provided pursuant to the D&O Policies. 

  

	 	b.	Notwithstanding Section 3(a), the Company shall not be required to maintain directors’ and officers’ liability insurance in effect if such insurance is not reasonably available or if, in the reasonable
business judgment of the Board of Directors of the Company (the “Board”) as it may exist from time to time, either (i) the premium cost for such insurance is substantially disproportionate to the amount of insurance or (ii) the
coverage is so limited by exclusions that there is insufficient benefit provided by such insurance. 

  

	 	c.	If the Company, acting under Section 3(b), does not purchase and maintain in effect directors’ and officers’ liability insurance, the Company shall indemnify and hold harmless the Indemnitee to the full
extent of the coverage which would otherwise have been provided by the D&O Policies. 

  

	 	d.	The Company shall pay all Expenses incurred by the Indemnitee in connection with any action, suit or proceeding to enforce the Indemnitee’s rights under the D&O Policies. 

 

	4.	 Procedure for Requesting Indemnification and Payment of Expenses. To obtain indemnification and payment of Expenses under this Agreement, the
Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to the Indemnitee and is reasonably necessary to determine whether and to what extent the
Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that the 

  
 2 

	 	
Indemnitee has requested indemnification. Any determination as to the eligibility of an Indemnitee to indemnification and/or payment of Expenses shall be made: 

 

	 	a.	by the Board, by a majority vote at a meeting duly constituted by a quorum of directors not party to the proceedings or matter with regard to which the indemnification is, or would be claimed; or 

 

	 	b.	in the case such a meeting cannot be constituted by lack of a disinterested quorum, by independent legal counsel in a written opinion. 

 

	5.	Presumptions and Effect of Certain Proceedings. 

  

	 	a.	In making a determination with respect to entitlement to indemnification or payment of Expenses hereunder, the person or persons or entity making such determination shall presume that Indemnitee is entitled to
indemnification or payment of Expenses under this Agreement if Indemnitee has submitted a request for indemnification or payment of Expenses in accordance with Section 4 of this Agreement, and the Company shall have the burden of proof to
overcome that presumption in connection with the making of any determination contrary to that presumption. 

  

	 	b.	If the person, persons or entity empowered or selected pursuant to Section 4 to determine whether Indemnitee is entitled to indemnification or payment of Expenses hereunder shall not have made a determination
within thirty (30) days after receipt by the Company of the request therefor, the requisite determination of entitlement shall be deemed to have been made and Indemnitee shall be entitled to indemnification and/or payment of Expenses hereunder.

  

	 	c.	The termination of any action, suit or proceeding by judgment, order, settlement, conviction, a plea of nolo contendere or its equivalent, or an entry of an order of probation prior to judgment, does not
create a presumption that Indemnitee is not entitled to indemnification and/or payment of Expenses hereunder. 

  

	6.	 Defense of Claims. With respect to any action, suit or proceeding described in Section 2, the Company may elect to assume the
investigation and defense of such action, suit or proceeding with counsel it selects with the consent of the Indemnitee, which consent shall not be unreasonably withheld. After notice to the Indemnitee from the Company of its election to assume the
investigation and defense of such action, suit or proceeding, the Company shall not be liable to the Indemnitee under this Agreement for any expenses subsequently incurred by the Indemnitee in connection with the investigation and defense of such
action, suit or proceeding other than for services requested by the Company or the counsel it selected. The Indemnitee shall have the right to employ the Indemnitee’s own counsel, but the expenses incurred by the Indemnitee after notice from
the Company of its assumption of the investigation and defense shall be at the expense of the Indemnitee. Notwithstanding the foregoing, however, the Indemnitee shall be entitled to separate

  
 3 

	 	
counsel in any action, suit or proceeding brought by or on behalf of the Company or as to which counsel for the Indemnitee reasonably concludes that there is a conflict of interest between the
Company and the Indemnitee, provided that the Company shall not be required to pay the expenses of more than one such separate counsel for persons it is indemnifying in any one action, suit or proceeding unless the counsel originally chosen to
represent such Indemnitees as a group reasonably concludes that substantial and material conflicts of interest prevent such counsel from acting for the Indemnitees as a single client. 

 

	7.	Indemnitee’s Reimbursement. The Indemnitee agrees to reimburse the Company for all amounts paid by the Company pursuant to this Agreement in the event and to the extent, but only in the event and only to the
extent, that there is a final adjudication by a court of competent jurisdiction establishing that the Indemnitee is not entitled to be so indemnified or to have such amounts paid by the Company. 

 

	8.	Contribution. If the indemnification or payment of Expenses provided by this Agreement should be unavailable or insufficient to hold the Indemnitee harmless, then the Company agrees that, for purposes of this
Section, the Company shall be treated as if it were a party to the threatened, pending or completed action, suit or proceeding in which the Indemnitee was involved and that the Company shall contribute to the amounts paid or payable by the
Indemnitee as a result of Expenses, judgments for both compensatory and punitive damages, fines, penalties and amounts paid in settlement. The amount of contribution provided by this Section shall be determined by (i) the relative benefits
accruing to the Company on the one hand and the Indemnitee on the other which arose out of the acts or omissions underlying the threatened, pending or completed action, suit or proceeding in which the Indemnitee was involved, (ii) the relative
fault of the Company on the one hand and the Indemnitee on the other in connection with such acts or omissions, and (iii) any other equitable considerations appropriate under the circumstances. For purposes of this Section, the relative
benefits of the Company shall be deemed to be the benefits accruing to it and the relative benefit of the Indemnitee shall be deemed to be an amount not greater than the Indemnitee’s annual base salary or Indemnitee’s compensation from the
Company plus any personal benefit received from such acts or omissions. The relative fault shall be determined by reference to, among other things, the fault of the Company and all of its directors, officers, employees and agents (other than the
Indemnitee), as a group and treated as one entity, on the one hand, and the Indemnitee’s and such group’s relative intent, knowledge, access to information and opportunity to have altered or prevented the act or omission on the other hand.

  

	9.	Limitations on Indemnification, Advancement and Contribution. Notwithstanding anything in the foregoing to the contrary, the Company shall not be liable under this Agreement to make any indemnity payment,
advancement of Expenses or contribution in connection with any action, suit or proceeding: 

  

	 	a.	to the extent that payment is actually made, or for which payment is available, to or on behalf of the Indemnitee under an insurance policy, except in respect of any amount in excess of the limits of liability of such
policy or any applicable deductible for such policy; 

  
 4 

	 	b.	to the extent that payment has or will be made to the Indemnitee by the Company otherwise than pursuant to this Agreement; 

  

	 	c.	to the extent that there was a final adjudication by a court of competent jurisdiction that the Indemnitee is liable for fraud or dishonesty in relation to the Company; 

 

	 	d.	to the extent the application of such provision is prohibited under Bermuda law, as amended from time to time; or 

  

	 	e.	To the extent of any “short swing profit” disgorgement or similar liability arising under Section 16(b) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).

  

	10.	Enforcement of Indemnitee’s Rights. The Indemnitee shall have the right to enforce this Agreement in any court of competent jurisdiction if the Company either fails to indemnify the Indemnitee or fails to
advance Expenses pursuant to the Company’s Bye-Laws or this Agreement. The Company agrees to stipulate in any such suit that the Company is bound by all the provisions of this Agreement and is precluded from making any assertion to the
contrary. The burden of proof shall be on the Company in any such suit to demonstrate by the weight of the evidence that the Indemnitee is not entitled to indemnification or advance payment of Expenses. The Indemnitee’s Expenses incurred in
establishing the Indemnitee’s right to indemnification or advancement of Expenses, in whole or in part, in any such action (or settlement thereof) shall be paid by the Company as they accrue and, in any event within twenty (20) days after
the Company has received written request therefore from or on behalf of the Indemnitee. The Company shall continue to make such payments unless and until there has been a final adjudication by a court of competent jurisdiction establishing that the
Indemnitee is not entitled to indemnification or advance payment of Expenses, in which event the Indemnitee agrees to reimburse the Company for all amounts paid under this Section 10. 

 

	11.	 Change in Control. The Company agrees that if there is a Change in Control, as defined below, of the Company (other than a Change in Control
which has been approved by a majority of the Board who were directors immediately prior to such Change in Control), then (a) any determination with respect to an Indemnitee’s eligibility to receive payment of Expenses under this Agreement
shall be made by the members of the Board who were directors immediately prior to such Change in Control and (b) with respect to all other matters thereafter arising concerning the rights of the Indemnitee to indemnity payments and payments of
Expenses under this Agreement, the Company shall seek legal advice only from special, independent counsel selected by the Indemnitee with the consent of the Company (which consent shall not be unreasonably withheld), and who has not otherwise
performed services for the Company within the last five years (other than in such capacity and in connection with such matters). Such counsel, among other things, shall render a written opinion to the Company and the Indemnitee as to whether and to
what extent the Indemnitee would be permitted to be indemnified under this Agreement and 

  
 5 

	 	
applicable law. The Company agrees to be bound by such written opinion of the special, independent counsel, to pay the reasonable fees of such counsel and to fully indemnify such counsel against
any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or counsel’s engagement pursuant hereto. 

A “Change in Control” for purposes of this Agreement shall be deemed to have occurred upon the earliest to happen of the following:

  

	 	a.	The acquisition, in one or more transactions, of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) by any person or entity or any group of persons or entities who constitute a group (within
the meaning of Rule 13d-3 of the Exchange Act), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a subsidiary, of any securities of the Company if, as a result of such acquisition, such
person, entity or group either (i) beneficially owns (within the meaning of Rule 13d-3 under the Exchange Act), directly or indirectly, more than 50% of the Company’s outstanding voting securities entitled to vote on a regular basis for a
majority of the members of the Board or (ii) otherwise has the ability to elect, directly or indirectly, a majority of the members of the Board; 

  

	 	b.	A change in the composition of the Board such that a majority of the members of the Board are not Continuing Directors. A “Continuing Director” means, as of any date of determination, any member of the Board
who (i) was a member of the Board on the date of this Agreement, or (ii) was nominated and elected to such Board with the affirmative vote of a majority of the Continuing Directors who were members of the Board at the time of such
nomination or election; or 

  

	 	c.	The shareholders of the Company approve (i) a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least 50% of the total voting power represented by the voting securities of the
Company or such surviving entity outstanding immediately after such merger or consolidation, or (ii) a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company (in one or more transactions) of all
or substantially all of the Company’s assets. 

  

	12.	 Settlement. The Company shall not be liable to indemnify the Indemnitee under this Agreement for any amounts paid in settlement of any action,
suit or proceeding without its written consent, which consent shall not be unreasonably withheld. The Company shall not settle any action, suit or proceeding which would impose any penalty or limitation on the Indemnitee without the
Indemnitee’s written consent, which consent shall not be unreasonably withheld. In the event that consent is not given and the parties hereto are unable to agree on a proposed settlement, independent

  
 6 

	 	
legal counsel shall be retained by the Company, at its expense, with the consent of the Indemnitee, which consent shall not be unreasonably withheld, for the purpose of determining whether or not
the proposed settlement is reasonable under all of the circumstances, and if independent legal counsel determines the proposed settlement is reasonable, the settlement may be consummated without the consent of the other party. 

 

	13.	Company Subrogation Rights. In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee against any person or
organization and the Indemnitee shall execute all papers required and shall do everything that may be reasonably necessary to secure such rights. 

  

	14.	Non-Exclusive. Nothing in this Agreement shall diminish or otherwise restrict, and this Agreement shall not be deemed exclusive of, the Indemnitee’s rights to indemnification or advancement of Expenses under
any provision of Bermuda law or the Bye-Laws of the Company or otherwise. 

  

	15.	Notice to the Company. The Indemnitee will promptly notify the Company of any threatened, pending or completed action, suit or proceeding against the Indemnitee described in Section 2. The failure to notify
or promptly notify the Company shall not relieve the Company from any liability which it may have to the Indemnitee otherwise than under this Agreement, and shall relieve the Company from liability hereunder only to the extent the Company has been
prejudiced. 

  

	16.	Notices. Any notice that is required or permitted to be given under this Agreement shall be in writing and shall be personally delivered or deposited in the United States mail, certified or registered mail with
proper postage prepaid and addressed: 

 If to the Company, to: 

Endurance Specialty Holdings Ltd. 

Waterloo House 
 100 Pitts Bay
Road 
 Pembroke HM08 
 Bermuda

 Attention: General Counsel 

Facsimile: (441) 278-0401 

If to the Indemnitee, to the residence address or residence facsimile number of the Indemnitee set forth in the records of the Company. 

Each party hereto may provide the other party hereto with notice of a new address for notices under this Section 16, in which event
notices under this Agreement shall be delivered to such other address as the party may have furnished to the other party at least 10 calendar days prior to such notice. 

  
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	17.	Supersedes Prior Agreements. This Agreement replaces and supersedes any other agreement or agreements, oral or written, that the Company may have with Indemnitee with respect to the subject matter covered by this
Agreement, including but not limited to the Original Indemnification Agreement. 

  

	18.	Separability. Each of the provisions of this Agreement is a separate and distinct agreement and independent of the others, so that if any provision shall be held to be invalid or unenforceable for any reason,
such invalidity or unenforceability shall not affect the validity or enforceability of the other provisions. 

  

	19.	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Islands of Bermuda, without regard to principles of conflict of laws. 

 

	20.	Duration of Agreement. Unless otherwise terminated pursuant to a written instrument signed by both parties in accordance with Section 22 hereof, this Agreement shall continue in effect until and terminate
upon the later of (a) ten (10) years after the Indemnitee has ceased to occupy any of the positions or have any of the relationships described in Section 2 of this Agreement and (b) the final termination of all pending or
threatened actions, suits, proceedings or investigations with respect to Indemnitee. 

  

	21.	Binding Effect. This Agreement shall be binding upon the Indemnitee and upon the Company, its successors and assigns, and shall inure to the benefit of the Indemnitee, the Indemnitee’s heirs, personal
representatives and assigns and to the benefit of the Company, its successors and assigns. 

  

	22.	Amendment and Termination. Except for any automatic termination pursuant to Section 20 hereof, no amendment, modification, termination or cancellation of this Agreement shall be effective unless in writing
signed by both parties. 

  

	23.	Headings. The headings of the sections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

 

	24.	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original, but all of which together shall constitute one and the same Agreement.
Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above. 

 

			
	ENDURANCE SPECIALTY HOLDINGS LTD.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
		 	  

		 	[Executive]

  
 9

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