Common use of Sign-On Equity Clause in Contracts

Sign-On Equity. Award— When Assured Guaranty Limited issues shares of publicly traded stock, Executive will be granted an award of 120,000 restricted ordinary shares of AGL stock that will vest 25% annually over a four year period with the first quarter vesting starting one year after the date of the award . When AGL issues shares of publicly traded stock, Executive will also be granted an award of an option to purchase at the IPO price 240,000 shares of AGL stock. These shares and options will be subject the terms and conditions that will be set forth in the AGL Long-Term Incentive Plan (“LTIP”). The current projected target share value for the IPO AGL shares is $20. Upon vesting or exercise of stock options, the shares will be registered in the United States with the SEC and appropriate states and will be freely tradable.

Sign-On Equity. Award— When Assured Guaranty Limited issues shares of publicly traded stock, Executive will be granted an award of 120,000 restricted ordinary shares of AGL stock that will vest 25% annually over a four year period with the first quarter vesting starting one year after the date of the award . When AGL issues shares of publicly traded stock, Executive will also be granted an award of an option to purchase at the IPO price 240,000 shares of AGL stock. These shares and options will be subject the terms and conditions that will be set forth in the AGL Long-Term Incentive Plan (“LTIP”). The current projected target share value for the IPO AGL shares is $20. Upon vesting or exercise of stock options, the shares will be registered in the United States with the SEC and appropriate states and will be freely tradable.

Sign-On Equity. AwardAward — When Assured Guaranty Limited issues shares of publicly traded stock, Executive will be granted an award of 120,000 restricted ordinary shares of AGL stock that will vest 25% annually over a four year period with the first quarter vesting starting one year after the date of the award . When AGL issues shares of publicly traded stock, Executive will also be granted an award of an option to purchase at the IPO price 240,000 shares of AGL stock. These shares and options will be subject the terms and conditions that will be set forth in the AGL Long-Term Incentive Plan (“LTIP”). The current projected target share value for the IPO AGL shares is $20. Upon vesting or exercise of stock options, the shares will be registered in the United States with the SEC and appropriate states and will be freely tradable.