AMENDMENT TO RESTRICTED STOCK AWARDAGREEMENT
Exhibit 10.16
AMENDMENT TO
RESTRICTED STOCK AWARD AGREEMENT
This amendment (this Amendment) to the Restricted Stock Award Agreement (the Agreement) dated as of March 17, 2014, between MBIA Inc., a Connecticut corporation (together with its successors and assigns, the Company), and Joseph W. Brown (the Grantee), is dated as of March 2, 2015, between the Company and the Grantee (together, the Parties).
The Parties hereby agree to amend the Agreement by deleting clause (C) of Section 1(b)(i) and clause (C) of Section 1(b)(ii).
Except as expressly amended hereby, the other terms and conditions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.
MBIA INC. | ||
By: | /s/ Ram Wertheim | |
Name: Ram Wertheim | ||
Title: Chief Legal Officer |
GRANTEE | ||
/s/ Jay Brown | ||
Joseph W. Brown |