Document:

Retention Agreement

 Exhibit 10.2 
 RETENTION AGREEMENT 
 THIS RETENTION
AGREEMENT (hereinafter “Retention Agreement”) is made and entered into this 18th day of March, 2009, by and between Jeff Soman,
(hereinafter “EMPLOYEE”), and FCStone Group, Inc. and FCStone, LLC. (collectively, “FCStone”). 
 R E C I T A L S: 

 WHEREAS, EMPLOYEE has been employed by FCStone from on or about July 1, 2000, most recently as Executive Vice President
– FCStone, LLC. In lieu of terminating EMPLOYEE’S employment at this time, FCStone desires to retain EMPLOYEE to continue working for FCStone under the terms and conditions set forth in this Retention Agreement.

 NOW, THEREFORE, in exchange for the promises contained herein and other sufficient and valuable consideration, the parties agree as
follows: 
 1. EMPLOYEE understands and acknowledges that he signed and was bound by an Employment Agreement dated January 9, 2004
(“2004 Agreement”), attached as Exhibit A to this Retention Agreement. Pursuant to the 2004 Agreement, EMPLOYEE was employed as an at-will employee. EMPLOYEE further understands and acknowledges that FCStone recently
considered the possibility of severing the employment relationship with EMPLOYEE due to legitimate business related reasons. EMPLOYEE understands that FCStone has decided, that in lieu of termination, EMPLOYEE’s
employment may continue under the terms of this Retention Agreement. EMPLOYEE and FCStone agree that the 2004 Agreement is no longer in force and effect and is being superseded by this Retention Agreement; except that Paragraphs
5-9, including Exhibit 2 referenced in paragraph 7, and Paragraph 12 of the 2004 Agreement remain in effect as they are being incorporated by reference into this Retention Agreement. 
 2. EMPLOYEE understands and agrees that this Retention Agreement is being offered to him in exchange for his agreement to remain employed through
the Retention Date and for his Release in Paragraph 3. This Retention Agreement shall terminate on March 18, 2010. 
 3. EMPLOYEE
hereby releases any and all claims that he may have against FCStone, its parent or affiliated corporations, and its and their officers, employees, directors, shareholders, and/or agents (the “FCStone RELEASEES”) arising from
or related to his employment, and this Release specifically includes, but is not limited to, claims for termination of employment whether based in statute, contract or in tort, which shall include such claims as reckless or negligent infliction of
emotional distress, breach of contract, breach of the covenant of good faith and fair dealing, breach of implied contract, negligent hiring or retention or supervision, discrimination of any type, including age discrimination, sex, race or
disability. This Release includes, but is not limited to, any claims or causes of action arising under 29 U.S.C. § 793 (The Rehabilitation Act of 1973); 42 U.S.C. § 12101 (Americans With Disabilities Act of 1990); 42 U.S.C. § 2000e
(The Civil Rights Act of 1964, as amended); the Family and Medical Leave Act; and 29 U.S.C. § 201 (Fair Labor Standards Act), ERISA, Illinois Human 

  

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Rights Act, and all other claims arising under federal, state or municipal law or regulation, including but not limited to claims arising under or out of the
statutes or common law of the states of Iowa and Illinois. This Release specifically includes a release of any claim that EMPLOYEE may now or hereafter have to participate in the FCStone Group, Inc. Change in Control Severance Plan (“CIC
Plan”) and EMPLOYEE hereby waives any rights to severance or other benefits under the CIC Plan. This Release shall be interpreted broadly to accomplish its clear purpose of being a full and complete release and shall be valid based on
facts known or unknown to EMPLOYEE. Nothing in this Retention Agreement is intended, nor shall it be construed, to preclude any action based on this Retention Agreement nor any claims EMPLOYEE may have for unemployment compensation
benefits, workers’ compensation benefits, claims under the Federal Age Discrimination in Employment Act, claims that arise after this Retention Agreement is executed, nor claims for vested pension or retirement benefits. 
 EMPLOYEE further agrees that he will neither file, sue nor cause nor permit to be filed, charged or claimed, any action for damages or other
relief against the persons and entities described in this Paragraph 3, involving any matter occurring in the past, up through and including the date of this Retention Agreement, or involving any continuing effects of actions or practices which arose
prior to the date of this Agreement, or involving and based upon any claims which are the subject of this Retention Agreement. 
 4.
FCStone will continue EMPLOYEE’s current salary and insurance and paid time off benefits, as they may be amended from time to time, through the Retention Date. EMPLOYEE shall remain eligible to participate in the
Mutual Commitment Compensation Plan consistent with the terms of that Plan. 
 5. In consideration of the promises and representations made
herein and if EMPLOYEE complies with the promises made in this Retention Agreement, FCStone will: 
 Pay
EMPLOYEE a retention bonus in the gross amount of $137,500.74, less applicable withholding, which represents 26 weeks of salary in exchange for EMPLOYEE’s promises in this Retention Agreement and not due to any other obligation to
pay EMPLOYEE any retention pay at all. FCStone shall only pay the retention bonus if EMPLOYEE remains employed with FCStone through the Retention Date. The Retention Date shall be a future date to be determined by
FCStone in its sole discretion. To the extent feasible, FCStone will provide EMPLOYEE with advance notice of the Retention Date. To be eligible for the retention bonus EMPLOYEE must satisfactorily perform his current
duties and other duties as assigned to him by FCStone through the Retention Date and must sign a Release Agreement on or after the Retention Date. The payment described in this paragraph will be made on the first payday after the
Release Agreement becomes final and effective. Nothing in this Retention Agreement is intended nor should be construed to alter the at-will employment relationship that EMPLOYEE has with FCStone and either party may chose to terminate
the employment relationship at any time. If FCStone terminates the employment relationship prior to the Retention Date, for other than misconduct or other fault on the part of EMPLOYEE, EMPLOYEE would be entitled to the
Retention Bonus, upon execution of the Release Agreement. 
  

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 6. EMPLOYEE agrees that he will not disclose the existence, circumstances or terms of or any
information concerning this Retention Agreement to any person other than to the Internal Revenue Service and the Illinois Department of Revenue; EMPLOYEE’s present spouse, accountants, attorneys, or tax advisors; or disclosure pursuant
to court order, in an action regarding this Retention Agreement, or as otherwise required by law. 
 7. EMPLOYEE represents and
warrants that he has read the terms of this Retention Agreement, that he understands those terms, and that by signing this Retention Agreement he is receiving benefits to which he would not otherwise be entitled. 
 8. Should any tax liability arise or accrue under state or federal tax laws as a result of any payments made pursuant to this Retention Agreement beyond
that for which withholdings are made, EMPLOYEE agrees to timely pay any and all such obligations and to hold FCStone and the FCStone RELEASEES harmless therefrom. 
 9. This Retention Agreement shall in all respects be interpreted, enforced and governed under the laws of the State of Iowa, without regard to the
application of Iowa’s choice of law rules. Any disputes relating to this Retention Agreement shall be brought in Iowa state court in and for Polk County and the parties submit to jurisdiction of that court. The language of all parts of this
Retention Agreement shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against any of the parties. 
 10. Should any provision of this Retention Agreement be declared or be determined by any court of competent jurisdiction to be illegal or invalid, such provision shall be deemed no longer a part of this Retention Agreement, but the
remaining parts, terms or provisions will remain in full force and effect. The failure of any party at any time to require performance of any provision of this Retention Agreement shall in no manner affect the right to enforce the same. A waiver by
any party of any breach of any provision of this Retention Agreement shall not operate, or be construed as, a waiver by such party of any breach of any other provision, or as a waiver of any later breach. 
 11. This Retention Agreement sets forth the entire agreement between the parties hereto, pertaining to EMPLOYEE’s employment relationship with
FCStone, and fully supersedes any and all prior or contemporaneous agreements or understandings between the parties, whether oral or written; except as noted in this Retention Agreement. 
  

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 PLEASE READ CAREFULLY. THIS RETENTION AGREEMENT INCLUDES A RELEASE OF CLAIMS. THE SIGNATORIES HERETO ACKNOWLEDGE THAT
THEY HAVE EACH READ THE FOREGOING DOCUMENT, UNDERSTAND ITS TERMS, AND FREELY AND VOLUNTARILY SIGN THE SAME. 
  

									
	FCStone Group, Inc.	 		 	Jeff Soman
				
	By:	 	 /s/ Paul G. Anderson
	 		 	 /s/ Jeff Soman

	Its:	 	 President
	 		 	Date:	 	 3/18/09

	Date:	 	 3/20/09
	 		 		 	
				
	FCStone, LLC	 		 		 	
					
	By:	 	 /s/ William J. Dunaway
	 		 		 	
	Its:	 	 Chief Financial Officer
	 		 		 	
	Date:	 	 3/23/09
	 		 		 	

  

 4FCStone Group, Inc. Non-Qualified Deferred Compensation Plan

 Exhibit 10.3 
 FCSTONE GROUP, INC. 
 NONQUALIFIED DEFERRED COMPENSATION PLAN 
  

	I.	PURPOSE OF THE PLAN 

 For fiscal year 2008, the
Compensation Committee (“Committee”) of FCStone Group, Inc. (the “Company”) adopted an Executive Long Term Incentive Plan (“LTIP”) to reward key employees for contributions made to the profitability and overall
improvement of the Company’s business operations. Awards under the LTIP for fiscal year 2008 were to be based on after-tax return on equity (“ROE”) targets. Based upon the Company’s performance, the Chief Executive Officer and
Chief Financial Officer earned awards under the LTIP for fiscal year 2008 of $1,967,083.18 and $501,072.40, respectively. Awards under the LTIP are payable in the form of restricted shares of common stock and stock options. The number of shares
subject to such awards is determined based upon the value of such stock and options at the date of grant. Due to the significant decrease in the market value of the Company’s common stock, the number of shares which would be subject to awards
under the LTIP for fiscal year 2008 would exceed the number of shares currently available under the Company’s 2006 Equity Incentive Plan. To address this issue, the Committee has adopted this Nonqualified Deferred Compensation Plan (the
“Plan”) to provide the participants in the LTIP with a cash-based alternative payout. Subject to the approval by the LTIP participants, the LTIP for fiscal year 2008 is terminated, and replaced by this Plan. The Plan shall be administered
by a committee (the “Committee”) appointed by the Board of Directors of the Company. 
  

	II.	PARTICIPATION AND PRINCIPAL AMOUNT OF BONUS PAYMENTS 

 The following individuals (each, an “Executive”) shall participate in the Plan and shall be eligible to receive the following Principal Amounts, subject to the conditions herein. 
  

				
	 EXECUTIVE
	  	PRINCIPAL
AMOUNT
	 Pete Anderson
	  	$	1,967,083.18
	 Bill Dunaway
	  	$	501,072.40

  

	III.	FORM OF BONUS PAYMENTS 

 The Principal Amount, plus
earnings on the Principal Amount, shall be paid to the respective Executive in four installments as specified in the Payment Schedule below, subject to the following conditions. 
 In order to receive his installment on any Payment Date set forth in the Payment Schedule, the Executive must either (1) be employed by the Company
on the Payment Date or 

 
(2) have received a vested right to the Payment Amounts under the Plan, which shall be determined in accordance with the Executive’s vesting provisions
applicable to the LTIP pursuant to the terms of the Executive’s employment agreement with the Company. 
 PAYMENT SCHEDULE

  

			
	 PAYMENT DATE
	  	 PAYMENT AMOUNT

	 November 5, 2009
	  	25% of the Principal Amount as adjusted for notional earnings in the manner described in paragraph IV.
		
	 November 5, 2010
	  	33 1/3% of the remaining Principal Amount as adjusted for notional earnings in the manner described in paragraph IV.
		
	 November 5, 2011
	  	50% of the remaining Principal Amount as adjusted for notional earnings in the manner described in paragraph IV.
		
	 November 5, 2012
	  	100% of the remaining Principal Amount as adjusted for notional earnings in the manner described in paragraph IV.

  

	IV.	INVESTMENT RETURN 

  

	 	A.	Adjustments to Principal Amount. An Executive’s Principal Amount shall be adjusted as of each Payment Date to reflect the Investment Return applicable to the
Executive’s Principal Amount for such Year as determined by the Committee. 

  

	 	B.	Determination of Investment Return. The amount of the applicable Investment Return shall be an amount equal calculated at the end of each calendar month as the hypothetical
interest income that would have been earned on the then current Principal Amount if such Principal Amount had been invested during such month at the Benchmark Rate. The Benchmark Rate shall be the last reported rate of return for the relevant
calendar month on Federated Prime Obligations (the “Investment”), or, if the Investment is no longer available or offered, an alternative money market investment having substantially similar risk and terms, to be determined by the Chairman
of the Committee. 

  

	V.	AMENDMENT AND TERMINATION 

 This Plan may be amended
or terminated at any time by the Company. 

	VI.	ALLOCATION OF EXPENSES 

 All payments made under
this Plan to any Executive shall be paid directly by the Company. 
  

	VII.	MISCELLANEOUS 

  

	 	A.	Tax Withholding. The Company (or an affiliate thereof) shall withhold any taxes that are required to be withheld from the benefits provided under this Plan.

  

	 	B.	Applicable Law. The Plan and all rights hereunder shall be governed by the laws of the State of Missouri, except to the extent preempted by the laws of the United States of
America. 

  

	 	C.	Right of Employment. Nothing contained in this Plan shall be construed to be a contract of employment for any term of years, nor as conferring upon any employee the right to
continue in the employment of the Company or any affiliate thereof. 

 ACKNOWLEDGEMENT AND ACCEPTANCE 
 The undersigned participants of the Nonqualified Deferred Compensation Plan (the “Plan”) of FCStone Group, Inc. (the “Company”),
hereby agree to the termination of the 2008 Executive Long Term Incentive Plan and the replacement of the awards earned thereunder with awards set forth in the Plan, subject to the terms and conditions thereof. This Acknowledgement and Acceptance
shall constitute a waiver and amendment of the terms of the employment agreements of each of the undersigned solely with respect to the obligation of the Company to provide benefits under the LTIP with respect to fiscal year 2008, and shall not
modify, amend or otherwise effect the obligations of the Company or the undersigned with respect to other periods. 
 IN WITNESS WHEREOF, the undersigned acknowledge and agree to the foregoing as of the 19th day of March, 2009.

  

	
	 /s/ Paul G. Anderson

	Paul G. Anderson
	
	 /s/ William J. Dunaway

	William J. Dunaway

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