Philadelphia Uses in Grant Subject to Plan Provisions Clause

Grant Subject to Plan Provisions from Compensation Plan

These Terms and Conditions ("Terms and Conditions") are part of the Stock Option Grant made as of May 11, 2016 (the "Grant Date"), by Radian Group Inc., a Delaware corporation (the "Company"), to S.A. Ibrahim (the "Grantee"), an employee of the Company or one of its Subsidiaries.

Grant Subject to Plan Provisions. These Terms and Conditions are made pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and shall in all respects be interpreted in accordance therewith. The decisions of the Committee shall be conclusive upon any question arising hereunder. The Grantee's receipt of the Option awarded under these Terms and Conditions constitutes such Grantee's acknowledgment that all decisions and determinations of the Committee with respect to the Plan, these Terms and Conditions, and/or the Option shall be final and binding on the Grantee, his beneficiaries, and any other person having or claiming an interest in such Option. The settlement of any award with respect to the Option is subject to the provisions of the Plan and to interpretations, regulations, and determinations concerning the Plan as established from time to time by the Committee in accordance with the provisions of the Plan. A copy of the Plan will be furnished to each Grantee upon request. Additional copies may be obtained from the Corporate Secretary of the Company, 1601 Market Street, Philadelphia, Pennsylvania 19103-2197.

Grant Subject to Plan Provisions from Compensation Plan

These Terms and Conditions ("Terms and Conditions") are part of the Stock Option Grant made as of July 9, 2015 (the "Grant Date"), by Radian Group Inc., a Delaware corporation (the "Company"), to S.A. Ibrahim (the "Grantee"), an employee of the Company or one of its Subsidiaries.

Grant Subject to Plan Provisions. These Terms and Conditions are made pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and shall in all respects be interpreted in accordance therewith. The decisions of the Committee shall be conclusive upon any question arising hereunder. The Grantee's receipt of the Option awarded under these Terms and Conditions constitutes such Grantee's acknowledgment that all decisions and determinations of the Committee with respect to the Plan, these Terms and Conditions, and/or the Option shall be final and binding on the Grantee, his beneficiaries, and any other person having or claiming an interest in such Option. The settlement of any award with respect to the Option is subject to the provisions of the Plan and to interpretations, regulations, and determinations concerning the Plan as established from time to time by the Committee in accordance with the provisions of the Plan. A copy of the Plan will be furnished to each Grantee upon request. Additional copies may be obtained from the Corporate Secretary of the Company, 1601 Market Street, Philadelphia, Pennsylvania 19103-2197.

Grant Subject to Plan Provisions from Compensation Plan

These Terms and Conditions ("Terms and Conditions") are part of the Stock Option Grant made as of July 9, 2015 (the "Grant Date"), by Radian Group Inc., a Delaware corporation (the "Company"), to the employee (the "Grantee") named in the Award Summary delivered in connection with this grant (the "Award Summary").

Grant Subject to Plan Provisions. These Terms and Conditions are made pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and shall in all respects be interpreted in accordance therewith. The decisions of the Committee shall be conclusive upon any question arising hereunder. The Grantee's receipt of the Option awarded under these Terms and Conditions constitutes such Grantee's acknowledgment that all decisions and determinations of the Committee with respect to the Plan, these Terms and Conditions, and/or the Option shall be final and binding on the Grantee, the Grantee's beneficiaries, and any other person having or claiming an interest in such Option. The settlement of any award with respect to the Option is subject to the provisions of the Plan and to interpretations, regulations, and determinations concerning the Plan as established from time to time by the Committee in accordance with the provisions of the Plan. A copy of the Plan will be furnished to each Grantee upon request. Additional copies may be obtained from the Corporate Secretary of the Company, 1601 Market Street, Philadelphia, Pennsylvania 19103-2197.

Grant Subject to Plan Provisions from Stock Option Agreement

This STOCK OPTION AGREEMENT, dated as of [DATE] (the Date of Grant), is delivered by Radian Group Inc., a Delaware corporation (the Company), to [NAME], an employee of the Company or one of its Subsidiaries (the Grantee).

Grant Subject to Plan Provisions. This Stock Option Agreement is made pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and shall in all respects be interpreted in accordance therewith. The decisions of the Committee shall be conclusive upon any question arising hereunder. The Grantees receipt of the Option awarded under this Stock Option Agreement constitutes such Grantees acknowledgment that all decisions and determinations of the Committee with respect to the Plan, this Stock Option Agreement, and/or the Option shall be final and binding on the Grantee, his or her beneficiaries and any other person having or claiming an interest in such Option. The settlement of any award with respect to Option is subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan as established from time to time by the Committee in accordance with the provisions of the Plan. A copy of the Plan will be furnished to each Grantee upon request. Additional copies may be obtained from the Corporate Secretary of the Company, 1601 Market Street, Philadelphia, Pennsylvania 19103-2197.

Grant Subject to Plan Provisions from Stock Option Agreement

This STOCK OPTION AGREEMENT, dated as of May 12, 2010 (the Date of Grant), is delivered by Radian Group Inc., a Delaware corporation (the Company), to S. A. Ibrahim an employee of the Company or one of its Subsidiaries (the Grantee).

Grant Subject to Plan Provisions. This Stock Option Agreement is made pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and shall in all respects be interpreted in accordance therewith. The decisions of the Committee shall be conclusive upon any question arising hereunder. The Grantees receipt of the Option awarded under this Stock Option Agreement constitutes such Grantees acknowledgment that all decisions and determinations of the Committee with respect to the Plan, this Stock Option Agreement, and/or the Option shall be final and binding on the Grantee, his or her beneficiaries and any other person having or claiming an interest in such Option. The settlement of any award with respect to Option is subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan as established from time to time by the Committee in accordance with the provisions of the Plan. A copy of the Plan will be furnished to each Grantee upon request. Additional copies may be obtained from the Corporate Secretary of the Company, 1601 Market Street, Philadelphia, Pennsylvania 19103-2197.

Grant Subject to Plan Provisions from Stock Appreciation Right Agreement

This STOCK APPRECIATION RIGHT AGREEMENT, dated as of May 13, 2009 (the Date of Grant), is delivered by Radian Group Inc., a Delaware corporation (the Company), to Sanford A. Ibrahim, an employee of the Company or one of its Subsidiaries (the Grantee).

Grant Subject to Plan Provisions. This Stock Appreciation Right Agreement is made pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and shall in all respects be interpreted in accordance therewith. The decisions of the Committee shall be conclusive upon any question arising hereunder. The Grantees receipt of the SARs awarded under this Stock Appreciation Right Agreement constitutes such Grantees acknowledgment that all decisions and determinations of the Committee with respect to the Plan, this Stock Appreciation Right Agreement, and/or the SARs shall be final and binding on the Grantee, his or her beneficiaries and any other person having or claiming an interest in such SARs. The settlement of any award with respect to SARs is subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan as established from time to time by the Committee in accordance with the provisions of the Plan. A copy of the Plan will be furnished to each Grantee upon request. Additional copies may be obtained from the Corporate Secretary of the Company, 1601 Market Street, Philadelphia, Pennsylvania 19103-2197.

Grant Subject to Plan Provisions from Stock Appreciation Right Agreement

This STOCK APPRECIATION RIGHT AGREEMENT, dated as of [DATE] (the Date of Grant), is delivered by Radian Group Inc., a Delaware corporation (the Company), to [NAME], an employee of the Company or one of its Subsidiaries (the Grantee).

Grant Subject to Plan Provisions. This Stock Appreciation Right Agreement is made pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and shall in all respects be interpreted in accordance therewith. The decisions of the Committee shall be conclusive upon any question arising hereunder. The Grantees receipt of the SARs awarded under this Stock Appreciation Right Agreement constitutes such Grantees acknowledgment that all decisions and determinations of the Committee with respect to the Plan, this Stock Appreciation Right Agreement, and/or the SARs shall be final and binding on the Grantee, his or her beneficiaries and any other person having or claiming an interest in such SARs. The settlement of any award with respect to SARs is subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan as established from time to time by the Committee in accordance with the provisions of the Plan. A copy of the Plan will be furnished to each Grantee upon request. Additional copies may be obtained from the Corporate Secretary of the Company, 1601 Market Street, Philadelphia, Pennsylvania 19103-2197.