Grant of Cash Incentive Award. Subject to the terms of this Agreement, the Incentive Plan and the LTIP, effective as of the Grant Date the Participant is hereby granted a Cash Incentive Award in the amount of $[ ] (the “Target Cash Award”). The Cash Incentive Award shall become earned and vested as described in paragraph 4 and the Earned Cash Award (as defined in paragraph 4) shall be paid in accordance with paragraph 6.
Appears in 2 contracts
Samples: Long Term Incentive Compensation Agreement (Ambac Financial Group Inc), Long Term Incentive Compensation Agreement (Ambac Financial Group Inc)
Grant of Cash Incentive Award. Subject to the terms of this Agreement, the Incentive Plan and the LTIP, effective as of the Grant Date the Participant is hereby granted a Cash Incentive Award in the amount of $[ ] 75,000 (the “Target Cash Award”). The Cash Incentive Award shall become earned and vested as described in paragraph 4 and the Earned Cash Award (as defined in paragraph 4) shall be paid in accordance with paragraph 6.
Appears in 1 contract
Samples: Long Term Incentive Compensation Agreement (Ambac Financial Group Inc)
Grant of Cash Incentive Award. Subject to the terms of this Agreement, the Incentive Plan and the LTIP, effective as of the Grant Date the Participant is hereby granted a Cash Incentive Award in the amount of $[ ] 375,000 (the “Target Cash Award”). The Cash Incentive Award shall become earned and vested as described in paragraph 4 and the Earned Cash Award (as defined in paragraph 4) shall be paid in accordance with paragraph 6.
Appears in 1 contract
Samples: Long Term Incentive Compensation Agreement (Ambac Financial Group Inc)
Grant of Cash Incentive Award. Subject to the terms of this Agreement, the Incentive Plan and the LTIP, effective as of the Grant Date the Participant is hereby granted a Cash Incentive Award in the amount of $[ ] ____________ (the “Target Cash Award”). The Cash Incentive Award shall become earned and vested as described in paragraph 4 and the Earned Cash Award (as defined in paragraph 4) shall be paid in accordance with paragraph 6.
Appears in 1 contract
Samples: Long Term Incentive Compensation Agreement (Ambac Financial Group Inc)
Grant of Cash Incentive Award. Subject to the terms of this Agreement, the Incentive Plan and the LTIP, effective as of the Grant Date the Participant is hereby granted a Cash Incentive Award in the amount of $[ ] 125,000 (the “Target Cash Award”). The Cash Incentive Award shall become earned and vested as described in paragraph 4 and the Earned Cash Award (as defined in paragraph 4) shall be paid in accordance with paragraph 6.
Appears in 1 contract
Samples: Long Term Incentive Compensation Agreement (Ambac Financial Group Inc)
