0001445305-12-000609 Sample Contracts

RESTRICTED STOCK UNIT AND DEFERRED CASH AWARD AGREEMENT

Restricted Stock Unit and Deferred Cash Award Agreement • March 9th, 2012 • Cowen Group, Inc. • Security brokers, dealers & flotation companies • New York

• Contract Type
  Restricted Stock Unit and Deferred Cash Award Agreement
• Filed
  March 9th, 2012
• Company
  Cowen Group, Inc.
• Industry
  Security brokers, dealers & flotation companies
• Jurisdiction
  New York

THIS RESTRICTED STOCK UNIT AND DEFERRED CASH AWARD AGREEMENT (this “Agreement”) is made by and between Cowen Group, Inc. (the “Company”), and [NAME], (the “Grantee”), as of February 24, 2012 (the “Grant Date”).

October 31, 2011

Separation Agreement • March 9th, 2012 • Cowen Group, Inc. • Security brokers, dealers & flotation companies • New York

• Contract Type
  Separation Agreement
• Filed
  March 9th, 2012
• Company
  Cowen Group, Inc.
• Industry
  Security brokers, dealers & flotation companies
• Jurisdiction
  New York

This Separation Agreement and Release (“Separation Agreement”) contains the terms and conditions of your separation from employment with Cowen Capital, LLC (together with Cowen Group, Inc. and its affiliates, subsidiaries, and predecessors, including LaBranche & Co. Inc., the “Company”). Your employment will terminate as of the Effective Date of this Separation Agreement (your “Termination Date”).