PIPER JAFFRAY COMPANIES AMENDED AND RESTATED 2003 ANNUAL AND LONG-TERM INCENTIVE PLAN RESTRICTED STOCK AGREEMENT (2011 Annual Grant)Restricted Stock Agreement • February 28th, 2011 • Piper Jaffray Companies • Security brokers, dealers & flotation companies • Delaware
This is a Restricted Stock Agreement (“Agreement”) between Piper Jaffray Companies, a Delaware corporation (the “Company”), and the above-named employee of the Company or an Affiliate of the Company (the “Employee”). The Company maintains the Piper Jaffray Companies Amended and Restated 2003 Annual and Long-Term Incentive Plan, as amended from time to time (the “Plan”), and the Board of Directors of the Company has delegated to the Compensation Committee (the “Committee”) the authority to determine the awards to be granted under the Plan. The Board of Directors of the Company or the Committee (or the delegee of either) has determined that the Employee is eligible to receive an award under the Plan in the form of restricted stock and has set the terms thereof. Accordingly, the Company hereby grants this award to the Employee under the following terms:
COMPROMISE AGREEMENTCompromise Agreement • February 28th, 2011 • Piper Jaffray Companies • Security brokers, dealers & flotation companies • London
FOURTH AMENDMENT TO LOAN AGREEMENT (BROKER-DEALER VRDN FACILITY)Loan Agreement • February 28th, 2011 • Piper Jaffray Companies • Security brokers, dealers & flotation companies
THIS FOURTH AMENDMENT TO LOAN AGREEMENT (BROKER-DEALER VRDN FACILITY) (this “Amendment”) made and entered into as of December 31, 2010, by and between: PIPER JAFFRAY & CO., a Delaware corporation (“Borrower”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association (“Lender”); has reference to the following facts and circumstances (the “Preambles”):
Severance-related acceleration of vestingPiper Jaffray Companies • February 28th, 2011 • Security brokers, dealers & flotation companies
As of February 2, 2011, certain award agreements for restricted stock of Piper Jaffray Companies (the “Company”) have been amended to provide for accelerated vesting upon a severance event if certain conditions are met. Included among the award amended were the following forms of agreement filed as exhibits to this Form 10-K for the year ended December 31, 2010 (i) form of restricted stock agreement for employee grants 2009 related to 2008 performance (Exhibit 10.7); (ii) restricted stock agreement for employee grants in 2010 related to 2009 performance (Exhibit 10.8); and (iii) restricted stock agreement for employee grants in 2011 related to 2010 performance (Exhibit 10.9). The following is the text of the amendment:
