0001193125-09-019920 Sample Contracts

JMP GROUP INC.
Compensation Agreement • February 5th, 2009 • JMP Group Inc. • Security brokers, dealers & flotation companies • California

You (the “Participant”) have been selected to participate in the JMP Group Inc. 2008 Compensation Program (the “Program”), subject to the terms and conditions of this election form and agreement (the “Election Form”) and the related agreement attached hereto setting forth the additional terms and conditions applicable to your participation in the Program (the “Participation Agreement”).

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