EMPLOYMENT AGREEMENTEmployment Agreement • January 5th, 2016 • Ambac Financial Group Inc • Surety insurance • New York
This EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of the 4th day of January 2016, by and among Ambac Financial Group, Inc., a Delaware corporation (the “Company”), and Nader Tavakoli, an individual (the “Executive”).
LONG-TERM INCENTIVE COMPENSATION AGREEMENTAmbac Financial • January 5th, 2016 • Ambac Financial Group Inc • Surety insurance • New York
Effective as of [_________], 201[_] (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”).
RESTRICTED STOCK UNIT AGREEMENTRestricted Stock Unit Agreement • January 5th, 2016 • Ambac Financial Group Inc • Surety insurance • New York
Mr. Nader Tavakoli (the “Executive”) 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”) as consideration for his services as chief executive officer. The Award shall be effective as of January 4, 2016 (the “Grant Date”). The Award shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).
