Amendment to Employment Agreement between XL Capital Ltd and Fiona E. Luck (July 28, 2008)
This letter agreement amends the employment contract between XL Capital Ltd and Fiona E. Luck. It allows Ms. Luck to provide written notice related to changes in her position, time commitment, and compensation, as described in a recent SEC filing, at any time before January 31, 2009. The amendment is acknowledged and agreed to by both parties, including related entities XL Insurance Ltd and XL Re Ltd.
Exhibit 10.2
XL Capital Ltd
July 28, 2008
Ms. Fiona E. Luck
c/o XL Capital Ltd
XL House
One Bermudiana Road
Hamilton, Bermuda HM 11
Dear Fiona:
In connection with the change in your position, time commitment and compensation described in the Form 8-K filed with the United States Securities and Exchange Commission by XL Capital Ltd (the “Company”) of even date herewith (the “Form 8-K”), by this letter we hereby amend Section 8(d)(iv) and Exhibit B of your Employment Agreement with the Company dated November 1, 2006 to provide that any written notice pursuant thereto resulting from such changes set forth in the Form 8-K may be given by you at any time prior to January 31, 2009.
| Sincerely, | |||
| XL CAPITAL LTD | |||
| By: | /s/ Brian W. Nocco | ||
| Title: Chief Financial Officer | |||
| ACKNOWLEDGED AND AGREED: | ||
| /s/ Fiona E. Luck | ||
| Fiona E. Luck | ||
| XL Insurance Ltd | ||
| By: | /s/ Brian W. Nocco | |
| Title: Chief Financial Officer | ||
| XL Re Ltd | ||
| By: | /s/ Brian W. Nocco | |
| Title: Chief Financial Officer | ||
