CONSULTING AGREEMENTConsulting Agreement • November 9th, 2010 • Penson Worldwide Inc • Security brokers, dealers & flotation companies • Texas
This Consulting Agreement (“Agreement”) is entered into as of this 16th day of August, 2010, to be effective as of September 1, 2010, between Penson Worldwide, Inc. (“Company”) and Holland Consulting, LLC, a Texas limited liability company (“Consultant”).
PENSON WORLDWIDE, INC.Penson Worldwide Inc • November 9th, 2010 • Security brokers, dealers & flotation companies • Texas
In recognition of your many contributions in creating one of the most successful global financial services firms, Penson and its employees wish to thank you for your many years of leadership. As you transition into retirement, we have set forth in this letter agreement (“Agreement”) between you and Penson Worldwide, Inc. (“Company”) the terms of your retirement from employment with the Company. Your last day of employment with the Company shall be August 31, 2010 (“Retirement Date”). Accordingly on the Retirement Date, you will incur a separation from service for purposes of Section 409A of the Internal Revenue Code (the “Code”).
