Ambac Financial Group enters new employment agreements with CEO, CFO, and COO including special cash and equity awards

OCTAVE SPECIALTY GROUP INC

CEO Claude LeBlanc receives $900,000 base salary, $2.1M RSU, and performance stock options for 500,000 shares with price hurdles from $18 to $30.
CFO David Trick receives $600,000 base salary, $600,000 RSU, and performance stock options for 350,375 shares with same price hurdles.
COO R. Sharon Smith receives $500,000 base salary, $500,000 RSU, and performance stock options for 284,125 shares with same price hurdles.
Agreements include one-year renewable terms, severance multiples up to 2.5x salary plus bonus, and 12-month non-compete clauses.
Special cash awards of $900k, $600k, and $500k subject to forfeiture if terminated for cause within 12 months.

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