LONG-TERM INCENTIVE COMPENSATION AGREEMENTAmbac Financial • May 11th, 2016 • Ambac Financial Group Inc • Surety insurance • New York
Effective as of February 22, 2016 (the “Grant Date”), Nader Tavakoli (the “Participant”) has been granted an Award under the Ambac Financial Group, Inc. Incentive Compensation Plan (the “Incentive Plan”) and in accordance with the Ambac Financial Group, Inc. Long-Term Incentive Compensation Plan (the “LTIP”), which is a subplan to the Incentive Plan. This Agreement evidences the Award, which shall consist of a Full Value Award in the form of performance restricted stock units (“Performance Restricted Stock Units”). In addition to the terms and conditions of the Incentive Plan and the LTIP, the Award shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).
