EXHIBIT 10.20 April 10, 1997 Mr. W. Dayle Nattress 5 Harvest Lane Weston, CT 06883 Dear Mr. Nattress: This Agreement and General Release sets forth our agreement regarding your employment relationship with AMBAC Indemnity Corporation and AMBAC Inc....General Release Agreement • August 14th, 1997 • Ambac Inc /De/ • Surety insurance • New York
EXHIBIT 10.25 SUPPLEMENTAL PENSION AGREEMENT AGREEMENT, dated as of this 30th day of April, 1997 (the "Effective Date"), by and between AMBAC Inc., a Delaware corporation (the "Company"), and DAVID L. BOYLE (the "Executive"). WHEREAS, the Company and...Supplemental Pension Agreement • August 14th, 1997 • Ambac Inc /De/ • Surety insurance • Delaware
