EXHIBIT 10.36
AMENDMENT
to
EMPLOYMENT AGREEMENT ("Agreement")
between
XXXXXX X. XXXXXXXXX
and
TRIAD GUARANTY INC. ("Company")
WHEREAS, Section III.1. of the Agreement provides that Employee will
perform certain services for the Company through July 15, 2006, unless extended
by mutual agreement of the parties; and
WHEREAS, Company has requested and Employee has agreed to extend the time
to provide these services for the Company through January 15, 2007; and
WHEREAS, the parties desire to memorialize the terms of their agreement.
NOW, THEREFORE, in consideration of the mutual covenants and obligations
hereinafter set forth, the parties hereto agree as follows:
1. Section III.1. of the Agreement is amended by deleting "July 15, 2006"
and substituting "January 15, 2007" therefor.
2. Except as expressly provided in this Amendment or as necessary to
effectuate the terms of this Amendment, the terms of the Agreement
remain unchanged.
IN WITNESS WHEREOF, the parties hereto have affixed their signatures this
15th day of July 2006.
XXXXXX X. XXXXXXXXX TRIAD GUARANTY INC.
TRIAD GUARANTY INSURANCE CORPORATION
TRIAD GUARANTY ASSURANCE CORPORATION
TRIAD RE INSURANCE CORPORATION
/s/ Xxxxx X. Xxxxxxxxx (SEAL) By: /s/ Xxxx X. Xxxxxxxx
-------------------------------- --------------------------
Xxxxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxx
President and CEO
