February 10, 2010 Mr. Sanford A. Ibrahim Radian Group Inc. Philadelphia, PA 19103Restricted Stock and Stock Option Grants Amendment • March 3rd, 2010 • Radian Group Inc • Surety insurance
You and Radian Group, Inc. (the “Company”) are parties to Restricted Stock Award Agreements dated August 7, 2008 and May 8, 2007, and Stock Option Agreements dated August 7, 2008, February 6, 2006 and May 5, 2005 (together, the “Equity Agreements”). The Company has determined that it is appropriate to amend the Equity Agreements to align their terms with the terms of the Employment Agreement between you and the Company dated May 5, 2008, with respect to the treatment of equity awards in the event of your separation from service with the Company after completing five years of service, or due to your death or disability.
