Common use of Grant of Cash Incentive Award Clause in Contracts

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: Ambac Financial (Ambac Financial Group Inc), Ambac Financial (Ambac Financial Group Inc)

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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: Ambac Financial (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: Ambac Financial (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: Ambac Financial (Ambac Financial Group Inc)

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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: Ambac Financial (Ambac Financial Group Inc)

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