AMTRUST FINANCIAL SERVICES, INC. - Corporate Solutions

Table of Contents
(5) This amount reflects the vesting of 50% of Mr. Zyskind’s target performance share award in accordance with his award agreement for
such performance shares. The value reported in this table is calculated by multiplying the number of the performance shares that would
vest by $28.69, the closing market price of our common stock on December 31, 2012.
(6) This amount reflects Mr. Pipoly’s, Mr. Saxon’s and Mr. Longo’s annual base salary as of December 31, 2012 provided through
February 28, 2015 (which, in the case of disability, will be reduced by any long-term disability insurance benefit provided by us).
(7) This amount includes the full vesting of unvested stock options and the vesting of restricted stock and restricted stock units that would
have vested in the twelve months following the termination event in accordance with the named executive officers’ award agreements
under the 2005 Equity Incentive Plan and the 2010 Omnibus Incentive Plan, as applicable. The value of unvested restricted stock and
restricted stock units reported in this table is calculated by multiplying the number of the unvested shares of restricted stock and
restricted stock units by $28.69, the closing market price of our common stock at December 30, 2012. The value of stock options
reported in this table represents the difference between the exercise price of the participant’s stock options and $28.69, the closing
market price of our common stock at December 30, 2012, multiplied by the number of unvested options held by the participant on
December 31, 2012.
(8) This amount includes (i) Mr. Caviet’s salary through December 31, 2014, and (ii) Mr. Caviet’s profit bonus, for a period of five years,
on all specialty risk and extended warranty business written by the Company and its affiliates through December 31, 2012 under the
direct or indirect supervision of Mr. Caviet, assuming that such business does not terminate earlier. Mr. Caviet is entitled to this
amount if we elect to non-renew or terminate Mr. Caviet’s employment for any reason other than gross misconduct. For the definition
of gross misconduct, see the summary of Mr. Caviet’s employment agreement in “Executive Compensation – Employment
Agreements.”
(9) This amount reflects Mr. Caviet’s 2012 annual base salary provided through December 31, 2013 (which, in the case of disability, will
be reduced by any long-term disability insurance benefit provided by us).
(10) This amount includes Mr. Caviet’s profit bonus, for a period of five years, on all specialty risk and extended warranty business written
by us and our affiliates through December 31, 2017 under the direct or indirect supervision of Mr. Caviet, assuming that such business
does not terminate earlier.
(11) If Mr. Caviet becomes disabled, we are required to provide permanent health insurance in accordance with his employment agreement.
This dollar amount assumes average life expectancy.
39