Amendment to Employment Agreement between KBW, Inc. and Andrew M. Senchak (November 4, 2009)

Summary

KBW, Inc. and Andrew M. Senchak have agreed to amend their existing employment agreement by extending the employment period to January 31, 2010. All other terms of the original agreement remain unchanged. This amendment is effective upon Mr. Senchak's signature.

EX-10.3 4 y80239exv10w3.htm EX-10.3 exv10w3
         
EXHIBIT 10.3
November 4, 2009
Mr. Andrew M. Senchak
c/o KBW, Inc.
787 Seventh Avenue
New York, NY 10019
Dear Andrew:
     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/ Andrew M. Senchak     Date: November 4, 2009 
ANDREW M. SENCHAK