Form 8-K Employment Agreement


(Previous name or previous address, if changed since last report) In addition, executives will each receive a specific long-term share price in the form of 150,000 limited shares, subject to performance and service conditions and remaining in three annual tranches. The number of shares acquired under the long-term equity price is calculated according to the percentage of EBITDA budgeted in each calendar year applicable during the freezing period, with at least 50% of the shares for a given rate obtained for a benefit of at least 70% for the year under consideration and 100% of the shares for a given rate obtained for a rate of at least 75% for the year under consideration. , including the terms and conditions of the revised and revised 2015 management incentive plan and the terms of a separate premium agreement. In the context of amended and amended employment contracts, where the employment of an officer is terminated without cause or by the executive properly (a “qualifying dismissal”), the executive is entitled to a lump sum payment of the highest amount of a) the multiple of his basic salary or (b) the basic salary which, at the end of the period , is intended for termination, plus the acceleration of certain amounts not received under its special distinction. In the event of termination within 12 months of a change in control or termination in anticipation of a change of control, the executive receives a lump sum payment equal to twice the amount of the basic salary (a) of the Chairman of the Board of Directors plus (b) the total annual bonus granted last to the Executive, plus the acceleration of certain non-premium amounts received as part of its special bonus. On February 26, 2020, Virtu Financial Operating LLC (“VFO”), a subsidiary of Virtu Financial, Inc. (the “company”), entered into an amended and revised agreement on a working letter (the “revised employment contracts”) with Brett Fairclough, the company`s chief operating officer and Global Head of Business Development, and Mr. Stephen Cavoli, Executive Vice President of the Company, Markets. Date of report (date of the earliest event): February 26, 2020 Securities registered in accordance with Section 12 (b) of the Act: the above description does not specify that this is a full declaration of the rights and obligations of the parties under the respective employment contracts. The above description is described as a whole by reference to the full text of the employment contracts. which is presented as an exhibition for the company`s next management report on Form 10-K. Specify whether the registrant is a growing business within the meaning of Rule 405 of the Securities Act of 1933 (No.

230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (No. 240.12b-2 of this chapter). (registrant`s phone number, including prefix) When an emerging growth company, by the p.a. indicates whether the registrant has decided not to use the extended transition period to comply with new or revised accounting standards in accordance with Section 13 (a) of the Exchange Act. , and executives are entitled to receive annual bonuses with a bonus chance of $1,500,000 and a maximum bonus option of $2,500,000.