Ambac Financial Sample Contracts

AMBAC FINANCIAL GROUP, INC. LONG-TERM INCENTIVE COMPENSATION AGREEMENT
Ambac Financial • August 11th, 2014 • Ambac Financial Group Inc • Surety insurance • New York

Effective as of May 9, 2014 (the “Grant Date”), Robert Eisman (the “Participant”) has been granted Awards under 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 Awards which shall consist of (a) a Full Value Award in the form of performance stock units (“Performance Stock Units”) and (b) a Cash Incentive Award. In addition to the terms and conditions of the Incentive Plan and the LTIP, the Awards shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).

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LONG-TERM INCENTIVE COMPENSATION AGREEMENT
Ambac Financial • February 28th, 2017 • Ambac Financial Group Inc • Surety insurance • New York

Effective as of February 22, 2016 (the “Grant Date”), ______________(the “Participant”) has been granted Awards under 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 Awards which shall consist of (a) a Full Value Award in the form of performance stock units (“Performance Stock Units”) and (b) a Cash Incentive Award. In addition to the terms and conditions of the Incentive Plan and the LTIP, the Awards shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).

LONG-TERM INCENTIVE COMPENSATION AGREEMENT
Ambac 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”).

AMBAC FINANCIAL GROUP, INC. RESTRICTED STOCK UNIT AGREEMENT
Ambac Financial • December 23rd, 2013 • Ambac Financial Group Inc • Surety insurance • 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”).

AMBAC FINANCIAL GROUP, INC. PERFORMANCE STOCK UNIT AGREEMENT FOR LONG-TERM INCENTIVE COMPENSATION AWARD (Employees with Employment Agreements)
Ambac Financial • May 9th, 2023 • Ambac Financial Group Inc • Surety insurance • New York

Effective as of [Date], 2023 (the “Grant Date”), [Name] (the “Participant”) has been granted an Award under the Ambac Financial Group, Inc. 2020 Incentive Compensation Plan (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 Award shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).

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