EX-10.1
from 10-Q
7 pages
This Letter Is Provided to You by and on the Behalf of XL Group Ltd and XL Global Services, Inc. and Their Subsidiaries and Affiliates (Hereinafter, “XL”, “XL Group”, or the “Company”), to Confirm Your New Compensation Arrangements and Participation in the XL Group Ltd Executive Severance Benefit Plan ("Plan”) Upon the Condition That You Agree to Abide by Certain Post-Employment Restrictive Covenant Arrangements Described Below. Compensation 1. Base Salary Your Base Salary on an Annualized Basis Will Be $665,000 (“Base Salary”), Paid Semi-Monthly, Less Required Employment and Income Tax Withholdings, and Will Be Reviewed in Line With the Company’s Salary Review Policy for Similarly Situated Lt Members. 2. Discretionary Bonus/Annual Incentive Program
12/34/56