EXHIBIT 10.16

 

ACTION REQUIRED: MUST BE RETURNED BY                                         

 

LOGO [g4710947109.jpg]  

Plan Agreement

2005 Deferred Compensation Plan

 

THIS PLAN AGREEMENT (this “Agreement”) is entered into as of             ,
200     between SWS Group, Inc. (the “Company”), the Participant’s Employer, and
                     (the “Participant”).

 

RECITAL

 

A. The Participant is a valued employee of the Employer, and the Employer
desires to have the continued services and counsel of the Participant.

 

B. The Employer is eligible to participate in and has adopted, effective January
1, 2005, the SWS Group, Inc. Deferred Compensation Plan (the “Plan”), as amended
from time to time, and the Participant has been selected to participate in the
Plan.

 

C. The Participant desires to participate in the Plan.

 

AGREEMENT

 

NOW THEREFORE, it is mutually agreed that:

 

1. DEFINITIONS. Unless otherwise provided in this Agreement, the capitalized
terms in this Agreement shall have the same meaning as under the Plan’s master
plan document (the “Plan Document”).

 

2. INTEGRATED AGREEMENT: PARTIES BOUND. The Plan Document, a copy of which has
been made available to the Participant, is hereby incorporated into and made a
part of this Agreement as though set forth in full in this Agreement. The
parties to this Agreement agree to and shall be bound by, and have the benefit
of, each and every provision of the Plan as set forth in the Plan Document. This
Agreement and the Plan Document, collectively, shall be considered one complete
contract between the parties.

 

3. ACKNOWLEDGMENT. The Participant hereby acknowledges that he or she has read
and understands this Agreement and the Plan Document.

 

4. CONDITIONS TO PARTICIPATION. As a condition to participation in the Plan, the
Participant must complete, sign, date and return to the Committee an original
copy of this Agreement, various Election Forms as required by the Committee, and
a Beneficiary Designation.

 

PLEASE TURN OVER AND SIGN

 

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ACTION REQUIRED: MUST BE RETURNED BY                                         

 

LOGO [g4710947109.jpg]  

Plan Agreement

2005 Deferred Compensation Plan

 

5. SUCCESSORS AND ASSIGNS. This Agreement shall inure to the benefit of, and be
binding upon the Employer, its successors and assigns, and the Participant.

 

6. GOVERNING LAW. Subject to ERISA, the provisions of this Plan shall be
construed and interpreted according to the internal laws of the State of Texas
without regard to its conflicts of laws principles.

 

IN WITNESS WHEREOF, the Participant has signed and the Company has accepted this
Plan Agreement, on its behalf and on behalf of the Employer, as of the date
first written above.

 

PARTICIPANT

 

 

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Signature of Participant

 

 

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Type or Print Name

 

AGREED AND ACCEPTED BY THE COMPANY:

 

COMMITTEE

 

 

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For the Committee

 

 

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Type or Print Name

 

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