ORH » Topics » Stock Ownership Guidelines

This excerpt taken from the ORH DEF 14A filed Mar 16, 2009.
Stock Ownership Guidelines
 
The Company does not have a formal policy regarding minimum stock ownership requirements for our named executive officers. We encourage ownership through annual restricted stock grants and participation in the Odyssey Re Holdings Corp. Employee Share Purchase Plan (“ESPP”). The ESPP allows employees, including our named executive officers, to purchase stock, on an after tax basis, through bi-weekly payroll deductions. Participants may contribute up to ten percent of their base salary to the ESPP, and the Company provides matching contributions in an amount equal to 30% of participant contributions. If we achieve a return on equity of 15% or greater in any year, the Company provides an additional contribution in an amount equal to 20% of participant contributions during that year.
 
This excerpt taken from the ORH DEF 14A filed Mar 17, 2008.
Stock Ownership Guidelines
 
The Company does not have a formal policy regarding minimum stock ownership requirements for our named executive officers. We encourage ownership through annual restricted stock grants and participation in the Odyssey Re Holdings Corp. Employee Share Purchase Plan (“ESPP”). The ESPP allows employees, including our named executive officers, to purchase stock, on an after tax basis, through bi-weekly payroll deductions. Participants may contribute up to ten percent of their base salary, and the Company provides matching contributions in an amount equal to 30% of participant contributions. If we achieve a return on equity of 15% or more in any year, an additional contribution in an amount equal to 20% of participant contributions is provided by the Company.
 
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