FORM OF STOCK APPRECIATION RIGHT AGREEMENT (Change of Control – Single Trigger) pursuant to the FIRST ALBANY COMPANIES INC.Stock Appreciation Right Agreement • March 28th, 2007 • First Albany Companies Inc • Security brokers, dealers & flotation companies • New York
THIS STOCK APPRECIATION RIGHT AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between First Albany Companies Inc., a New York corporation (the “Company”), and the Participant specified above, pursuant to the First Albany Companies Inc. 2001 Long-Term Incentive Plan, as in effect and as amended from time to time (the “Plan”); and
FORM OF STOCK APPRECIATION RIGHT AGREEMENT (Change of Control – Double Trigger) pursuant to the FIRST ALBANY COMPANIES INC.Stock Appreciation Right Agreement • March 28th, 2007 • First Albany Companies Inc • Security brokers, dealers & flotation companies • New York
THIS STOCK APPRECIATION RIGHT AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between First Albany Companies Inc., a New York corporation (the “Company”), and the Participant specified above, pursuant to the First Albany Companies Inc. 1999 Long-Term Incentive Plan, as in effect and as amended from time to time (the “Plan”); and
FIRST ALBANY COMPANIES INC. OFFER WITH RESPECT TO ELIGIBLE RESTRICTED SHARES THE OFFER AND YOUR WITHDRAWAL RIGHTS EXPIRE AT 11:59 P.M. EASTERN DAYLIGHT TIME ON MAY 9, 2007, UNLESS WE EXTEND THIS OFFER Dated: March 27, 2007Offer With Respect to Eligible Restricted Shares • March 28th, 2007 • First Albany Companies Inc • Security brokers, dealers & flotation companies
First Albany Companies Inc. which we refer to as “we”, or the “Company”, is making this offer to rescind the grant of certain restricted shares for Stock Appreciation Rights upon the terms and subject to the conditions set forth in this offer and in the accompanying (i) acceptance letter and (ii) withdrawal letter (which together, as they may be amended from time to time, constitute the “Offer”).
