AMBAC FINANCIAL GROUP, INC. PERFORMANCE STOCK UNIT AGREEMENT FOR LONG-TERM INCENTIVE COMPENSATION AWARD (Employees with Employment Agreements)Performance Stock Unit Agreement • August 8th, 2019 • Ambac Financial Group Inc • Surety insurance • New York
Effective as of [Date], 2019 (the “Grant Date”), [Name] (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 stock units (“Performance 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”).
