0000950134-06-004055 Sample Contracts

PIPER JAFFRAY COMPANIES AMENDED AND RESTATED 2003 ANNUAL AND LONG-TERM INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AGREEMENT (Employee)
Piper Jaffray Companies • March 1st, 2006 • 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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