First Amendment to Third Amended and Restated Arch Capital Group Ltd. Incentive Compensation Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Arch Capital Group Ltd. Incentive Compensation Plan, effective January 1, 2017. It changes the eligibility criteria for employees, specifying that all eligible employees not subject to the Formula Approach will now be subject to the Target Bonus Approach. The amendment clarifies how bonuses are determined for different groups of employees within the company.

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EX-10.1 2 ex101.htm EXHIBIT 10.1 Exhibit


EXHIBIT 10.1


FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED
ARCH CAPITAL GROUP LTD. INCENTIVE COMPENSATION PLAN


The Third Amended and Restated Arch Capital Group Ltd. Incentive Compensation Plan is amended, effective as of January 1, 2017, by changing the fourth sentence of Section 4.1 thereof to read in its entirety as follows: “All Eligible Employees that are not designated as subject to the Formula Approach shall be subject to the Target Bonus Approach.”