0000930413-06-005229 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • July 12th, 2006 • Security Capital Assurance LTD • Surety insurance • New York

AGREEMENT, made and entered into as of this _____ day of June, 2006, by and between, Security Capital Assurance Ltd, a Bermuda corporation (the “Company”), and Edward B. Hubbard (the “Executive”).

SECURITY CAPITAL ASSURANCE LTD STOCK OPTION AGREEMENT
Stock Option Agreement • July 12th, 2006 • Security Capital Assurance LTD • Surety insurance • New York

AGREEMENT, made and entered into this ____ day of ___________, 2006 by and between Security Capital Assurance Ltd (the “Company”), a Bermuda corporation, and _____________ (the “Option Holder”).

SECURITY CAPITAL ASSURANCE LTD RESTRICTED SHARE AGREEMENT
Restricted Share Agreement • July 12th, 2006 • Security Capital Assurance LTD • Surety insurance • New York

WHEREAS, the Employee has been granted the following award under the Company’s 2006 Long Term Incentive and Share Award Plan (the “Plan”);