FINANCIAL STATEMENTS

EX-10.4 4 w82533exv10w4.htm EXHIBIT 10.4 exv10w4
EXHIBIT 10.4
May 4, 2011
Enstar Group Limited
P.O. Box 2267, Windsor Place, 3rd Floor
18 Queen Street
Hamilton, HM JX
Bermuda
Attn: Dominic F. Silvester
          Re: Waiver of Housing Allowance under Employment Agreement
Dear Dominic,
          Effective January 1, 2011, I hereby waive my right to a housing allowance under my Employment Agreement with Enstar Group Limited, dated May 1, 2007, in consideration of the Compensation Committee’s decision to increase my annual base salary by an amount equal to the annual amount of the housing allowance.
         
  Sincerely,
 
 
  /s/ Paul J. O’Shea    
  Paul J. O’Shea   
     
 
Accepted and agreed to
this 4th day of May, 2011
 
ENSTAR GROUP LIMITED
     
By: /s/ Dominic F. Silvester
 
   
Name: Dominic F. Silvester
   
Title: Chairman and Chief Executive Officer