0000911631-09-000002 Sample Contracts

EXECUTIVE/KEY EMPLOYEE PHANTOM STOCK AWARD AGREEMENT
Phantom Stock Award Agreement • January 29th, 2009 • Triad Guaranty Inc • Surety insurance • Delaware

This Phantom Stock Agreement (the “Agreement”), dated effective as of ___________ (the “Grant Date”), is entered into between Triad Guaranty Inc., a Delaware corporation (the “Company”), and ________________ (the “Participant”).

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