Assured Guaranty Ltd. 2019 Executive Officer Cash Compensation Description

Contract Categories: Human Resources › Compensation Agreements
Summary

Assured Guaranty Ltd. outlines the 2019 annual salaries for its executive officers, including the President and CEO, CFO, Chief Surveillance Officer, General Counsel, and another executive officer. The document also states that these officers may be eligible for additional equity and non-equity incentive compensation based on 2019 performance, as well as other annual benefits such as retirement plan contributions. This summary is intended for disclosure in the company's 2019 proxy statement.

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EX-10.40 3 ago-12312018x10kex1040.htm EXHIBIT 10.40 Exhibit
Exhibit 10.40


ASSURED GUARANTY LTD.

DESCRIPTION OF 2019 EXECUTIVE OFFICER CASH COMPENSATION

Set forth below are the 2019 annual salaries of the Executive Officers to be named in the compensation tables in Assured Guaranty’s 2019 proxy statement, which will be filed with the SEC not later than 120 days after the close of the fiscal year pursuant to regulation 14A, and who serve as Executive Officers as of the date of this filing.


 
Executive Officer
Salary

Dominic J. Frederico
President and Chief Executive Officer
$1,250,000

Robert A. Bailenson
Chief Financial Officer
$700,000

Russell B. Brewer II
Chief Surveillance Officer
$525,000

Ling Chow
General Counsel and Secretary
$525,000

Bruce E. Stern
Executive Officer
$500,000

The named executive officers will also be eligible for the following:

 
 
•
To be considered to receive equity and non-equity incentive compensation for 2019 performance.

 
 
•
To receive other annual compensation and benefits, including employer contributions to retirement plans.