QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.1    
    


 
 

AWARD AGREEMENT
  
    UNDER THE AMENDED AND RESTATED
  ALLIANCE PARTNERS COMPENSATION PLAN    
    


        You have been granted an award under the Amended and Restated Alliance Partners Compensation Plan (the "Plan"), as specified below: 



	Participant:	 	Name of Employee
	    	 	

	
Amount of Award:	
 	

Dollars Awarded
	    	 	

	
Date of Grant:	
 	

December 31, 2003
	    	 	






        In
connection with your award (the "Award"), you, Alliance Capital Management Holding L.P. ("Holding") and Alliance Capital Management L.P. ("Alliance") agree as set forth in this
agreement (the "Agreement"). The Plan provides a description of the terms and conditions governing the Award. If there is any inconsistency between the terms of this Agreement and the terms of the
Plan, the Plan's terms completely supersede and replace the conflicting terms of this Agreement. All capitalized terms have the meanings given them in the Plan, unless specifically stated otherwise in
the Agreement. 


        You
will be asked to make an election with respect to the investment of your Award as described in Section 3(b) of the Plan. Once you have made this election in accordance with
the terms of the Plan
and the election form, your Award will be treated as invested in either restricted Units of Holding, or in one or more designated money-market, debt or equity fund sponsored by Alliance or its
Affiliate in accordance with the terms of the Plan applicable to Post-2000 Awards. 


        It
is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this
Agreement, all of which shall be binding upon you. The Committee is under no obligation to treat you or your award consistently with the treatment provided for other participants in the Plan. 


        This
Agreement does not confer upon you any right to continuation of employment by a Company, nor does this Agreement interfere in any way with a Company's right to terminate your
employment at any time. 


        This
Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 



        This
Agreement will be governed by, and construed in accordance with, the laws of the state of New York (without regard to conflict of law provisions). 


        This
Agreement and the Plan constitute the entire understanding between you and the Companies regarding this award. Any prior agreements, commitments or negotiations concerning this
award are superseded. This Agreement may be amended only by another written agreement, signed by both parties. 


        BY SIGNING BELOW, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN.





 



        IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed effective as of 12/31/03. 



	 	 	ALLIANCE CAPITAL MANAGEMENT L.P.
	

 	
 	
By:	

Alliance Capital Management Corporation, General Partner
 

 
 Signature
	

 	
 	

 

Participant
	

 	
 	

 	

    
 Signature
	

 	
 	

 	

Name of Employee




2









QuickLinks


Exhibit 10.1

AWARD AGREEMENT UNDER THE AMENDED AND RESTATED ALLIANCE PARTNERS COMPENSATION PLAN