Amendment to Employment Stay Protection Agreement between Alterra Capital Holdings Limited and Peter Minton

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment stay protection agreement between Alterra Capital Holdings Limited and Peter Minton. It changes the notice period required for Peter Minton to voluntarily terminate his employment under certain conditions to 75 calendar days. All other terms of the original agreement remain unchanged and in effect.

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EX-10.4 4 exhibit104mintonstayagreem.htm EXHIBIT Exhibit10.4 Minton Stay Agreement Amendment

Exhibit 10.4
Alterra

November 13, 2012

Peter Minton
Alterra Capital Holdings Limited
Hamilton, Bermuda

Re: Amendment to Employment Stay Protection

Dear Peter:

This letter agreement (“Stay Agreement Amendment”) confirms our recent discussion regarding the terms of the letter agreement between you and Alterra Capital Holdings Limited, dated October 18, 2010 (the “Stay Agreement”). Your signature at the bottom of this Stay Agreement Amendment will indicate your acceptance of the following:

The Stay Agreement is hereby amended by adding the following proviso to the end of the first sentence of Section 2 of the Stay Agreement:

“; provided, however, that notwithstanding the foregoing, for purposes of a voluntary termination by you pursuant to Section 3(b) below, the required notice period will be 75 calendar days.”

The remainder of the Stay Agreement will remain unmodified and in full force and effect.




_________________________________________            _____________
W. Marston Becker                            Date
President & Chief Executive Officer and Director
Alterra Capital Holdings Limited



_________________________________________            _____________
Peter Minton                                Date
Chief Operating Officer
Alterra Capital Holdings Limited