Amendment to Employment Agreement between KBW, Inc. and Thomas B. Michaud (November 4, 2009)

Summary

KBW, Inc. and Thomas B. Michaud have agreed to amend their existing employment agreement, originally dated December 31, 2008. This amendment extends Mr. Michaud's employment period with KBW, Inc. until January 31, 2010. All other terms and conditions of the original employment agreement remain unchanged. The amendment is effective upon Mr. Michaud's acceptance and signature.

EX-10.2 3 y80239exv10w2.htm EX-10.2 exv10w2

EXHIBIT 10.2

November 4, 2009

Mr. Thomas B. Michaud
c/o KBW, Inc.
787 Seventh Avenue
New York, NY 10019

Dear Tom:

Reference is hereby made to the Amended and Restated Employment Agreement by and between KBW, Inc. and you, dated as December 31, 2008 (the “Employment Agreement”). This letter confirms the agreement between KBW, Inc. and you to amend the Employment Agreement to extend the Employment Period (as defined in the Employment Agreement) to January 31, 2010, and, subject to your execution of this letter below, hereby so amends the Employment Agreement.

Except as expressly amended hereby, the Employment Agreement shall remain in full force and effect in accordance with the terms and conditions thereof.

Very truly yours,

KBW, INC.



By:	/s/ Mitchell Kleinman
	Name:	Mitchell Kleinman
	Title:	General Counsel

Acknowledged & agreed:



/s/ Thomas B. Michaud				Date: November 4, 2009
THOMAS B. MICHAUD