Exhibit 10.1
AMENDMENT NO. 1 TO AMENDED AND RESTATED CEO
EMPLOYMENT AGREEMENT
This Amendment No. 1 (this “
Amendment ”) to the Amended and Restated CEO
Employment Agreement, dated December 15, 2008 (the “
Employment Agreement ”), is entered into as of
this 7th day of May, 2009, by and between Thomas Weisel Partners
Group Inc. (“ TWP ”) and Thomas W. Weisel
(“ Weisel ”), in his individual
capacity.
WHEREAS, TWP and Weisel have
previously entered into the Employment Agreement, a copy of which
is attached hereto as Annex A;
WHEREAS, pursuant to section 5(a) of
the Employment Agreement, Weisel’s annualized base salary is
U.S. $200,000 (the “ Original Base Salary
”); and
WHEREAS, Weisel and TWP agreed, in
response to the 2008 business and economic climate and in
conjunction with firm-wide base salary reductions of 10% for
employees above a certain level, to similarly reduce Weisel’s
annualized base salary by 10% to U.S. $180,000 (the “
Reduced Base Salary ”).
NOW, THEREFORE, in consideration of
the premises, the sufficiency of which is hereby acknowledged, TWP
and Weisel hereby agree as follows:
1. Base Salary
. Weisel and TWP hereby ratify and affirm the reduction to
Weisel’s annualized base salary by 10% from the Original Base
Salary to the Reduced Base Salary. The Reduced Base
Salary will be in effect commencing on January 1, 2
