0000950134-04-011251 Sample Contracts

PIPER JAFFRAY COMPANIES AMENDED AND RESTATED 2003 ANNUAL AND LONG-TERM INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AGREEMENT (Non-Employee Director)
Piper Jaffray Companies • August 4th, 2004 • Piper Jaffray Companies • Investment advice • Delaware

This is a Non-Qualified Stock Option Agreement (this “Agreement”) between Piper Jaffray Companies, a Delaware corporation (the “Company”), and the optionee identified above (the “Optionee”) effective as of the date of grant specified above.

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PIPER JAFFRAY COMPANIES AMENDED AND RESTATED 2003 ANNUAL AND LONG-TERM INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AGREEMENT (Employee)
Non-Qualified Stock Option Agreement • August 4th, 2004 • Piper Jaffray Companies • Investment advice • Delaware

This is a Non-Qualified Stock Option Agreement (this “Agreement”) between Piper Jaffray Companies, a Delaware corporation (the “Company”), and the optionee identified above (the “Optionee”) effective as of the date of grant specified above.

PIPER JAFFRAY COMPANIES AMENDED AND RESTATED 2003 ANNUAL AND LONG-TERM INCENTIVE PLAN RESTRICTED STOCK AGREEMENT (Annual Grant)
Piper Jaffray Companies • August 4th, 2004 • Piper Jaffray Companies • Investment advice • 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 (the “Employee”).

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