Bradley I. Meier
Amendment to Employment Agreement
Addendum No. 8
Addendum No. 9

<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>exhibit-10_1.txt
<DESCRIPTION>EXHIBIT 10.1
<TEXT>


                                  AMENDMENT TO
                    EMPLOYMENT AGREEMENT OF BRADLEY I. MEIER


     THIS  AMENDMENT is made and entered into this 21st day of March,  2007,  by
and between Universal Insurance Holdings,  Inc. ("Company") and Bradley I. Meier
("Executive").

     WHEREAS,  the  Company  and  Executive  have  entered  into  an  Employment
Agreement dated as of August 11, 1999, and the following  Addendum thereto:  (i)
Addendum No. 3 dated May 4, 2001,  (ii)  Addendum No. 4 dated  January 28, 2002,
(iii)  Addendum No. 5 dated June 27, 2002,  and (iv) Addendum No. 6 effective as
of December 31, 2003 (collectively, the "Agreement").

     WHEREAS,  capitalized  terms not defined herein shall have the meanings set
forth in the Agreement.

     WHEREAS,  the Company and Executive desire to modify certain  provisions of
the Agreement.

     NOW, THEREFORE, the parties hereto intending to be legally bound hereby and
upon  receipt of other  valuable  consideration,  the receipt of which is hereby
acknowledged, do hereby agree as follows:

     1.   Section  6(b)  of the  Agreement  is  hereby  amended  to  read in its
entirety as follows:

     "ANNUAL BONUS
      ------------

     Employee  shall  receive an annual  bonus of three (3%) percent of the
     Company's pre-tax income up to five million dollars ($5,000,000),  and
     four (4%) percent of the  Company's  pre-tax  income over five million
     dollars  ($5,000,000),  which  shall be computed as at December 31 for
     each fiscal year  commencing  with the fiscal year ending December 31,
     1999;  PROVIDED,  HOWEVER,  that in no event  shall  any bonus due and
     owing under this Section 6(b) be paid to Executive later than December
     31 of the year  following  the year in which it was earned;  PROVIDED,
     FURTHER,  that the payment any bonus  pursuant  to this  Section  6(b)
     shall be  contingent  upon the  Company's  shareholders  approving the
     bonus formula described in this Section 6(b), and should the Company's
     shareholders  fail to  approve  the bonus  formula  described  in this
     Section  6(b),  Executive  shall  forfeit  his  right  to  such  bonus
     compensation under this Section 6(b)."

     2.   Except as expressly  amended  herein,  the terms and conditions of the
Agreement are hereby ratified and affirmed.

<PAGE>

     WITNESS the due execution hereof as of the date first above written.


                                     UNIVERSAL INSURANCE HOLDINGS, INC.


                                     By:  /s/ James M. Lynch
                                        ----------------------------------------

                                     Title:   Vice President
                                           -------------------------------------




                                     /s/ Bradley I . Meier
                                     -------------------------------------------
                                     Bradley I. Meier

                                      -2-

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>exhibit10_1.txt
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
                                 ADDENDUM NO. 8

            This  Addendum  No. 8, effective as of July 12, 2007, by and between

Universal Insurance Holdings,  Incorporated  (formerly  Universal Heights, Inc.)

(hereinafter  the  "Company"), and Bradley I. Meier ("Employee"),  modifies  and

amends the existing  employment  agreement  ("Agreement")  and  adopts all prior

Addenda  thereto  ("Prior  Addenda")  between the Company and the Employee,  and

amends provisions of the Agreement and  the  Addenda  only  in  respect  of  the

matters  set  forth herein, and otherwise the Agreement and Prior Addenda remain

in full force and effect as if this Addendum No. 8 had not been executed:

            I.    In  respect  of "Article 2." of the Agreement entitled "Term,"

the "Expiration Date" defined therein is hereby modified and changed to December

31, 2009.

            II.   In respect of  "Article  9." of the Agreement entitled "Change

in Control," subsection (d) is deleted in its  entirety  and  replaced  with the

following:  "If  a change in control occurs as defined in subsection 9(a) above,

then the Company shall  also  pay to Executive an amount equal to the sum of (x)

excise taxes imposed on Executive  under Section 4999 of the Code and (y) income

taxes due from Executive with respect to the payment of the amount in subsection

(x) above as well as the payment for  income  taxes  under this subsection 9(d).

Effective January 1, 2009, notwithstanding anything in  this  Agreement  to  the

contrary, in the event it is determined by an independent accounting firm chosen

by  mutual  agreement  of  the  parties  that  any  economic benefit, payment or

distribution by the Company to or for the benefit of the Employee, whether paid,

payable, distributed or distributable pursuant to the terms of this Agreement or

otherwise (a "PAYMENT"), would be subject to the excise  tax  imposed by Section

4999 of the Internal Revenue Code of 1986, as amended (the "CODE"), (such excise

tax  referred to  in  this Agreement as the "EXCISE TAX"), then the value of any


<PAGE>

such Payments payable under this Agreement which constitute "parachute payments"

under  Section  280G(b)(2)  of  the  Code,  as  determined  by  the  independent

accounting  firm,  will be reduced  so that the  present  value of all  Payments

(calculated  in  accordance  with Section  280G of the Code and the  regulations

thereunder),  in the aggregate,  equals the Safe Harbor Amount. The "SAFE HARBOR

AMOUNT" is equal to 2.99 times the Employee's  "base amount," within the meaning

of Section 280G(b)(3) of the Code."

            IN WITNESS WHEREOF, this Addendum No. 8 has been signed and executed

as on this 12th day of July, 2007.



                   UNIVERSAL INSURANCE HOLDINGS, INC.

                   By: /s/ James M. Lynch                 Date: July 12, 2007
                      ----------------------------
                   Name:  James M. Lynch, CFO


                   /s/ Bradley I. Meier
                   -------------------------------
                   BRADLEY I. MEIER - Employee
</TEXT>
</DOCUMENT>

EX-10 2 exhibit_10-1.htm EXHIBIT 10.1

ADDENDUM NO. 9

This Addendum No. 9, effective as of December 5, 2008, by and between Universal Insurance Holdings, Inc. (hereinafter the “Company”) and Bradley I. Meier (“Employee”), modifies and amends the existing employment agreement (“Agreement”) and adopts all prior Addenda thereto (“Prior Addenda”) between the Company and the Employee, and amends provisions of the Agreement and the Addenda only in respect of the matters set forth herein, and otherwise the Agreement and Prior Addenda remain in full force and effect as if this Addendum No. 9 had not been executed:

I.     In respect of “Article 2.” of the Agreement entitled “Term,” the “Expiration Date” defined therein is hereby modified and changed to December 31, 2010.

[SIGNATURES ON FOLLOWING PAGE]


IN WITNESS WHEREOF, this Addendum No. 9 has been signed and executed on December 9, 2008.

 

UNIVERSAL INSURANCE HOLDINGS, INC.

 

By: /s/ Sean P. Downes_________________

SEAN P. DOWNES – Chief Operating Officer

 

 

/s/ Bradley I. Meier_________________

Name: BRADLEY I. MEIER - Employee