Common Contracts

Form of Amended and Restated Restricted Stock Unit Award Letter] AMBAC FINANCIAL GROUP, INC. AMENDED AND RESTATED RESTRICTED STOCK UNIT AGREEMENT [INSERT DATE]

Restricted Stock Unit Agreement • March 3rd, 2014 • Ambac Financial Group Inc • Surety insurance • New York

• Contract Type
  Restricted Stock Unit Agreement
• Filed
  March 3rd, 2014
• Company
  Ambac Financial Group Inc
• Industry
  Surety insurance
• Jurisdiction
  New York

WHEREAS, [ ] (the “Participant”) was granted a Full Value Award under the Ambac Financial Group, Inc. Incentive Compensation Plan (the “Plan”) in the form of restricted stock units and the Award became effective as of [insert date] (the “Grant Date”).

AMBAC FINANCIAL GROUP, INC. RESTRICTED STOCK UNIT AGREEMENT

Restricted Stock Unit Agreement • December 23rd, 2013 • Ambac Financial Group Inc • Surety insurance • New York

• Contract Type
  Restricted Stock Unit Agreement
• Filed
  December 23rd, 2013
• Company
  Ambac Financial Group Inc
• Industry
  Surety insurance
• Jurisdiction
  New York

________________ (the “Participant”) has been granted a Full Value Award under the Ambac Financial Group, Inc. Incentive Compensation Plan (the “Plan”) in the form of restricted stock units. The Award shall be effective as of _________, 20[ ] (the “Grant Date”). The Award shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).