0000950137-05-005248 Sample Contracts

March 2, 2005 Michael R. Feigeles 181 Boulevard Mountain Lakes, NJ 07046
Ameritrade Holding Corp • May 2nd, 2005 • Security brokers, dealers & flotation companies

RE: Ameritrade Holding Corporation (“Ameritrade”) Executive Employment Agreement, Effective as of February 28, 2003 (the “Agreement”)

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SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • May 2nd, 2005 • Ameritrade Holding Corp • Security brokers, dealers & flotation companies • Nebraska

THIS SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made this 4th day of March, 2005, effective as of the close of business March 31, 2005 (“Effective Date”), by and between Ameritrade Holding Corporation, and its successors and assigns (collectively, the “Company”) and Michael R. Feigeles, his heirs, representatives, affiliates, successors and assigns (collectively the “Executive”).

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