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| RE > SEC Filings for RE > Form 8-K on 4-Dec-2012 | All Recent SEC Filings |
4-Dec-2012
Change in Directors or Principal Officers, Financial Statements and Exhibits
The registrant entered into an Employment Agreement with Mark S. de Saram, Managing Director and CEO of the registrant's wholly-owned subsidiary, Everest Reinsurance (Bermuda), Ltd., effective November 1, 2012. This Employment Agreement replaces the prior agreement between the registrant and Mr. de Saram, which expired on November 1, 2012. The material terms of the Employment Agreement are as follows:
Term: November 1, 2012 thru November 1, 2014 Annual Salary: $570,000 Savings Plan: Cash payment of 10% of monthly salary in lieu of participation in savings plan Bonus: Eligible to participate in Annual Incentive Plan (discretionary plan) Benefit Plans: Eligible to participate in Everest Reinsurance (Bermuda), Ltd. medical, dental and group life insurance plans Housing Allowance: $12,500 per month Car/Car Allowance: Provided Airline Tickets: Reimbursed every three months for one economy class airline ticket Membership Fees: Reimbursed for reasonable membership fees for Tucker's Point Club |
The full text of the Employment Agreement is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
(c) Exhibits
10.1 Employment Agreement with Mark S. de Saram
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