Exhibit 10.32

 

ASSURED GUARANTY LTD.

 

DESCRIPTION OF EXECUTIVE OFFICER CASH COMPENSATION

 

FOR 2008

 

Set forth below are the 2008 annual salary of  the Chief Executive Officer, the
Chief Financial Officer and each of the three other  most highly compensated
Executive Officers.

 

 

Dominic J. Frederico

 

 President and Chief Executive Officer, Assured Guaranty Ltd.

 

Salary

 

$

750,000

 

 

 

Robert B. Mills

 

 Chief Financial Officer, Assured Guaranty Ltd.

 

Salary

 

$

520,000

 

 

 

Michael J. Schozer

 

 President, Assured Guaranty Corp.

 

Salary

 

$

400,000

 

 

 

James M. Michener

 

 General Counsel, Assured Guaranty Ltd.

 

Salary

 

$

390,000

 

 

 

 Robert A. Bailenson

 

 Chief Accounting Officer, Assured Guaranty Ltd.

 

Salary

 

$

350,000

 

 

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In addition to salary, the named executive officers will be eligible to be
considered to receive cash bonuses for 2008 performance.  In 2008, the named
executive officers will receive  perquisites and other annual compensation
including, employer contributions to retirement plans,  tax preparation
services, financial planning services, club fees, business related spousal
travel, and executive health benefits.  In 2008, Mr. Frederico and Mr. Michener
will receive Bermuda housing allowances, Bermuda housing tax gross-ups, FICA
reimbursement , Bermuda car allowances and Bermuda family travel.

 

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