FORM OF STOCK APPRECIATION RIGHT AGREEMENTStock Appreciation Right Agreement • May 8th, 2013 • Cowen Group, Inc. • Security brokers, dealers & flotation companies • New York
Contract Type FiledMay 8th, 2013 Company Industry JurisdictionThis STOCK APPRECIATION RIGHT AGREEMENT (“SAR Agreement”) is dated as of [insert date], 2013 (the “Date of Grant”) and delivered by Cowen Group, Inc. (the “Company”), to [insert name] (the “Grantee”).