Amendment to Employment Agreement between Cowen Group, Inc. and John Holmes (April 24, 2015)
This letter agreement amends the employment contract between Cowen Group, Inc. and John Holmes. It changes John Holmes’s title from Chief Administrative Officer to Chief Operating Officer, deletes Section 1(bb) and Section 4(b) of the original agreement, and confirms that all other terms remain unchanged. The amendment is effective upon signing by both parties and does not give John Holmes the right to resign for Good Reason under the original agreement.
Exhibit 10.2
April 24, 2015
John Holmes
Address of record at Cowen
Dear John:
This letter amendment (this Amendment) sets forth the mutual agreement between you and Cowen Group, Inc. (the Company) to amend your employment agreement, dated August 2, 2012 (your Employment Agreement). This Amendment becomes effective when signed by you and the Company.
Specifically, your Employment Agreement is amended as follows:
· In the first WHEREAS clause and Section 1(z)(ii) of Good Reason, the title Chief Administrative Officer is deleted and replaced with the title Chief Operating Officer.
· Section 1(bb) is deleted.
· Section 4(b) is deleted.
This Amendment does not amend any other terms of your Employment Agreement, all of which remain in full force and effect. You acknowledge that this Amendment does not entitle you to terminate your employment for Good Reason under your Employment Agreement.
| Sincerely, | |||
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| By: | |||
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| /s/ Peter A. Cohen | |||
| Peter A. Cohen | |||
| CEO | |||
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AGREED AND ACCEPTED: |
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Signed: | /s/ John Holmes |
| April 24, 2015 |
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| John Holmes |
| Date |
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