MRH » Topics » 14. Miscellaneous .

These excerpts taken from the MRH 10-K filed Feb 28, 2008.

8.         Miscellaneous.

 

(a)   No Right to Nomination.  Nothing contained in this Plan shall confer upon any Director the right to be nominated for re-election to the Board.

 

(b)   Withholding.  The Company shall have the right to deduct from any award under this Plan any federal, state or local income or other taxes required by law to be withheld with respect to such award, as it may deem necessary or appropriate, in its sole discretion.

 

(c)   Other Tax Considerations.  Any Participant who is a taxpayer in a jurisdiction in which Share Units would be taxable upon

 

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issuance will receive an award of Shares under this Plan in lieu of Share Units.

 

(d)   Governing Law.  This Plan shall be governed by and construed in accordance with the laws of Bermuda, without regard to conflicts of laws principles.

 

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8.         Miscellaneous.



 



(a)   No Right to Nomination
Nothing contained in this Plan shall confer upon any Director the right
to be nominated for re-election to the Board.



 



(b)   Withholding.  The
Company shall have the right to deduct from any award under this Plan any
federal, state or local income or other taxes required by law to be withheld
with respect to such award, as it may deem necessary or appropriate, in its
sole discretion.



 



(c)   Other Tax Considerations
Any Participant who is a taxpayer in a jurisdiction in which Share Units
would be taxable upon



 



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issuance will receive an award of Shares under this Plan in lieu of
Share Units.



 



(d)   Governing Law.  This
Plan shall be governed by and construed in accordance with the laws of Bermuda,
without regard to conflicts of laws principles.



 



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EX-10.14
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a08-5582_1ex10d14.htm
EX-10.14
















 



This excerpt taken from the MRH 8-K filed Nov 21, 2007.

14.           Miscellaneous.

 

(a)           Waiver; Amendment. The failure of a party to enforce any term, provision, or condition of this Agreement at any time or times shall not be deemed a waiver of that term, provision, or condition for the future, nor shall any specific waiver of a term, provision, or condition at one time be deemed a waiver of such term, provision, or condition for any future time or times. This Agreement may be amended or modified only by a writing signed by both parties hereto.

 

(b)           Governing Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of Bermuda and the parties irrevocably submit to the non-exclusive jurisdiction of the Courts of Bermuda.

 

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(c)           Paragraph Captions. Paragraph and other captions contained in this Agreement are for reference purposes only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of this Agreement or any provision hereof.

 

(d)           Severability. Each provision of this Agreement is intended to be severable. If any term or provision hereof is illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity of the remainder of this Agreement.

 

(e)           Integrated Agreement. This Agreement constitutes the entire understanding and agreement between the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements, understandings, memoranda, term sheets, conversations and negotiations. There are no agreements, understandings, restrictions, representations or warranties between the parties other than those set forth herein or herein provided for Notwithstanding the foregoing, nothing in this Agreement shall reduce or diminish the Executive’s rights under any employee benefit plan in which he is a participant or under any stock option, SAR, RSU, Preferred Share (or similar compensatory award) granted to the Executive by the Company (or any Group Company) before, on or after the Effective Date.

 

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