Amended and Restated EMPLOYMENT AGREEMENTEmployment Agreement • March 2nd, 2020 • Ambac Financial Group Inc • Surety insurance • New York
This Amended and Restated EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of the 27th day of February, 2020, by and among Ambac Financial Group, Inc., a Delaware corporation (“AFG”), Ambac Assurance Corporation, a Wisconsin corporation (“AAC” and, along with AFG, the “Company”, as applicable) and Claude LeBlanc, an individual (the “Executive”).
AMBAC FINANCIAL GROUP, INC. LONG-TERM INCENTIVE COMPENSATION AGREEMENT (Executive Officers without Employment Agreements)Term Incentive Compensation Agreement • March 2nd, 2020 • Ambac Financial Group Inc • Surety insurance • New York
Effective as of March 2, 2017 (the “Grant Date”), [[FIRSTNAME]] [[LASTNAME]] (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 stock units (“Performance 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”).
