Document:

Exhibit 10.9.2

    Return
      to 10-K

    
 

    Exhibit
      10.9.2

    AMENDMENT
      NO. 1 AND WAIVER

     

    TO

     

    AMENDED
      AND RESTATED REVOLVING CREDIT AGREEMENT

     

    This
      AMENDMENT NO. 1 AND WAIVER TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT
      (“Amendment
      No. 1”)
      is
      dated as of October 11, 2006 by and among RAYMOND JAMES FINANCIAL, INC., a
      Florida corporation (the “Borrower”),
      the
      Lenders named on the signature page hereto (the “Lenders”),
      and
      JPMORGAN CHASE BANK, N.A., individually and as administrative agent (the
“Agent”)
      for
      the Lenders.

     

    W
      I T N E
      S S E T H:

     

    WHEREAS,
      the Borrower, the Agent and the Lenders are parties to that certain Amended
      and
      Restated Revolving Credit Agreement dated as of October 13, 2005 (the
“Credit Agreement”);
      and

     

    WHEREAS,
      the parties desire to make certain modifications to the Credit Agreement,
      including an extension of the Facility Termination Date to October 9, 2007,
      and
      to waive compliance with certain provisions of the Credit Agreement prior to
      their amendment herein.

     

    NOW,
      THEREFORE, in consideration of the premises herein contained, and for other
      good
      and valuable consideration, the receipt of which is hereby acknowledged, the
      parties hereby agree as follows:

     

    
      	I.  	
              Defined
                Terms

            

    

     

    Capitalized
      terms used but not defined herein are used with the meanings assigned to them
      in
      the Credit Agreement.

     

    
      	II.  	
              Amendments
                to the Credit
                Agreement

            

    

     

    2.1.  The
      definition of “Eurodollar Rate” in Article I of the Credit Agreement is hereby
      amended in its entirety to read as follows:

     

    “‘Eurodollar
      Rate’ means, with respect to a Eurodollar Advance for the relevant Interest
      Period, the sum of (a) the quotient of (i) the Eurodollar Base Rate applicable
      to such Interest Period, divided by (ii) one minus the Reserve Requirement
      (expressed as a decimal) applicable to such Interest Period, plus (b) (i) 0.75%
      per annum during any period when the outstanding principal amount of the
      Advances is less than 50% of the Aggregate Commitment and (ii) 0.875% per annum
      during any period when the outstanding principal amount of the Advances is
      greater than or equal to 50% of the Aggregate Commitment.

     

    2.2.  The
      definition of “Facility Termination Date” in Article I of the Credit Agreement
      is hereby amended in its entirety to read as follows:

     

    “‘Facility
      Termination Date’ means October 9, 2007 or any later date as may be specified as
      the Facility Termination Date in accordance with Section
      2.18
      or any
      earlier date on which the Aggregate Commitment is reduced to zero or otherwise
      terminated pursuant to the terms hereof.”

     

    2.3.  The
      definition of “Fiscal Year” in Article I of the Credit Agreement is hereby
      amended in its entirety to read as follows:

     

    “‘Fiscal
      Year’ means the twelve-month accounting period ending on the last day of
      September of each year.”

     

    2.4.  The
      proviso clause at the end of the definition of “Investment” in Article I of the
      Credit Agreement is hereby amended by deleting the phrase “as heretofore
      conducted” so that such clause reads in its entirety as follows:

     

    “provided,
      however,
      that in
      regard to clauses (b), (c) and (d), ‘Investment’ shall not include any such
      securities, accounts or instruments owned or acquired by the Borrower or its
      Subsidiaries in the ordinary course of its business, including but not limited
      to the market making activities of RJA.”

     

    2.5.  The
      second sentence of Section 2.7 (up to and including the colon) is hereby amended
      to read as follow:

     

    “The
      Borrower shall give the Agent irrevocable telephone notice not later than 11:00
      a.m. (New York time) on the Borrowing Date of each Floating Rate Advance and
      three Business Days before the Borrowing Date for each Eurodollar Advance,
      such
      notice to be promptly confirmed in writing substantially in the form of
Exhibit
      A
      (a
“Borrowing/Election
      Notice”),
      specifying:”

     

    2.6.  Section
      5.8 of the Credit Agreement entitled “Litigation and Contingent Obligations” is
      hereby amended by inserting the following clause at the beginning of the first
      sentence of such Section:

     

    “Except
      as described in the “Legal Proceedings” section of the Borrower’s Exchange Act
      reports filed with the Commission during the twelve-month period ended June
      30,
      2006, there is no litigation . . .”

     

    2.7.  Section
      5.13 of the Credit Agreement entitled “Investment Company” is hereby amended in
      its entirety to read as follows:

     

    “5.13.
      Investment
      Company.
      Neither
      the Borrower nor any Subsidiary is, or after giving effect to any Advance will
      be, subject to registration or regulation under (i) the Investment Company
      Act
      of 1940, as amended, or (ii) any other foreign, federal or state statute or
      regulation which limits its ability to incur indebtedness or consummate the
      transactions contemplated hereby.”

     

    2.8.  Section
      5.16 of the Credit Agreement entitled “Insurance” is hereby amended in its
      entirety to read as follows:

     

    “5.16.
      Insurance.
      The
      Borrower and its Subsidiaries maintain with financially sound and reputable
      insurance companies insurance on their Property in such amounts and covering
      such risks as is reasonably consistent with sound business practice, except
      to
      the extent that wind and flood insurance coverage is not available on
      commercially reasonable terms.”

     

    2.9.  Subsection
      (a) of Section 6.1 of the Credit Agreement entitled "Financial Reporting" is
      hereby amended in its entirety to read as follows:

     

    “(a)
      As
      soon as practicable and in any event within 75 days after the close of each
      of
      its Fiscal Years, an unqualified audit report from KPMG LLP,
      PricewaterhouseCoopers LLP, Ernst & Young LLP or Deloitte & Touche LLP
      prepared in accordance with Agreement Accounting Principles on a consolidated
      and consolidating basis (consolidating statements need not be certified by
      such
      accountants) for itself and its Subsidiaries, including balance sheets as of
      the
      end of such period and related statements of income, changes in shareholders'
      equity and cash flows, and accompanied by any management letter prepared by
      said
      accountants (when available).”

     

    2.10.  Section
      6.6 of the Credit Agreement entitled “Insurance” is hereby amended in its
      entirety to read as follows:

     

    “6.6.
      Insurance.
      The
      Borrower will, and will cause each Subsidiary to, maintain with financially
      sound and reputable insurance companies insurance in such amounts and covering
      such risks as is reasonably consistent with sound business practice, except
      to
      the extent that wind and flood insurance coverage is not available on
      commercially reasonable terms, and the Borrower will furnish to the Agent and
      any Lender upon request full information as to the insurance
      carried.”

     

    2.11.  Section
      6.10 of the Credit Agreement entitled “Ownership of Subsidiaries” is hereby
      amended in its entirety to read as follows:

     

    “6.10.
      Ownership
      of Subsidiaries.
      The
      Borrower will continue to own, directly or indirectly, beneficially and of
      record, free and clear of all Liens and restrictions, at least 75% of the
      outstanding shares of capital stock of each of RJA and RJFS.”

     

    2.12.  Subsection
      (h) of Section 6.11 of the Credit Agreement entitled “Indebtedness” is hereby
      amended in its entirety to read as follows:

     

    “(h)
      Indebtedness of any Subsidiary for borrowed money from the Borrower which is
      not
      subordinated by its terms to other Indebtedness of such Subsidiary, except
      for
      Indebtedness not exceeding CDN. $155,000,000 of Raymond James Ltd./Raymond
      James
      Ltée. (Canadian Subsidiary) for borrowed money from the Borrower (or an
      Affiliate of the Borrower) which is subordinated by its terms to other
      Indebtedness of such Subsidiary;”

     

    2.13.  Subsection
      (i) of Section 6.11 of the Credit Agreement entitled “Indebtedness” is hereby
      amended in its entirety to read as follows:

     

    “(i)
      Additional mortgage Indebtedness in an aggregate principal amount not exceeding
      $50,000,000, the proceeds of which are used for the expansion of the Borrower’s
      corporate headquarters;”

     

    2.14.  Section
      6.11 of the Credit Agreement entitled “Indebtedness” is hereby further amended
      by deleting existing subsection (k), deleting the word “and” at the end of
      subsection (j), and inserting the following new subsections (k) and (l) to
      read
      as follows:

     

    “(k)
      Indebtedness related to investments in real estate partnerships owed by variable
      interest entities of the Borrower in an aggregate principal amount not exceeding
      the value of associated assets reflected on the Borrower's balance sheet;
      and

     

    (l)
      Unsecured Indebtedness not otherwise permitted by this Section 6.11
      in an
      aggregate principal amount not exceeding $10,000,000.”

    

    2.15.  Clause
      (a) of Section 6.12 of the Credit Agreement entitled “Merger” is hereby amended
      in its entirety to read as follows:

     

    “(a)
      a
      Wholly-Owned Subsidiary may merge or consolidate into the Borrower or any
      Wholly-Owned Subsidiary of the Borrower,”

     

    2.16.  The
      phrase “Obligations of, or fully guaranteed by, the United States of America;”
in subsection (b) of Section 6.14 of the Credit Agreement entitled “Investments
      and Acquisitions” is hereby amended to read as follows:

     

    “Obligations
      of, or fully guaranteed by, the United States of America or the Commonwealth
      of
      Canada;”

     

    2.17.  Subsection
      (c) of Section 6.14 of the Credit Agreement entitled “Investments and
      Acquisitions” is hereby amended in its entirety to read as follows:

     

    “(c)
      Publicly traded securities and private equity participations, including equity
      investments in commercial aircraft leveraged lease transactions; “

     

    2.18.  Section
      6.14 of the Credit Agreement entitled “Investments and Acquisitions” is hereby
      further amended by deleting the word “and” at the end of subsection (f),
      substituting a semi-colon for the period at the end of subsection (g), and
      adding the following subsections (h) and (i) to Section 6.14 as
      follows:

     

    “(h)
      Investments in (i) mortgage loans not exceeding $100,000,000 in aggregate
      principal amount outstanding to finance low income housing projects in which
      the
      tax credit funds sponsored by Raymond James Tax Credit Funds, Inc. have equity
      investments (such mortgage loans to be in addition to the guarantees or loans
      permitted pursuant to Sections 6.11(j)
      and
6.15(d)
      hereof),
      and (ii) loans to Pine Creek Healthcare Capital, Inc. to purchase and carry
      debt
      obligations not exceeding $50,000,000 in aggregate principal amount outstanding
      that are issued to fund rural health care facilities and associated equipment;
      and 

     

    (i)
      Investment in a Canadian trust fund established and funded to acquire Borrower
      common stock in the open market in order to make in-kind settlements of
      restricted stock units granted as bonuses to certain employees of Raymond James
      Ltd./Raymond James Ltée.” 

     

    2.19.  Subsection
      (e) of Section 6.15 of the Credit Agreement entitled “Contingent Obligations” is
      hereby amended in its entirety to read as follows:

     

    “(e)
      guarantees by the Borrower relating to the net performance obligations of RJ
      Capital Services, Inc. owed to counterparties under interest rate and credit
      default swap transactions documented under the ISDA (International Swaps Dealer
      Association) form Master Agreement and applicable Addenda; and”

     

    2.20.  Clause
      (b) of Section 6.18 of the Credit Agreement entitled “Change in Corporate
      Structure; Fiscal Year” is hereby amended in its entirety to read as
      follows:

     

    “(b)
      change its Fiscal Year to end on any date other than the last day of September
      of each year.”

     

    2.21.  Clause
      (a)(iii) of Section 6.19 of the Credit Agreement entitled “Inconsistent
      Agreements” is hereby amended in its entirety to read as follows:

     

    “(iii)
      repay loans or advances from the Borrower (except to the extent repayment of
      such loans or advances is permitted to be subordinated pursuant to Section
      6.11(h)
      hereof)
      or”

     

    2.22.  Section
      6.20.1 of the Credit Agreement entitled “Minimum Tangible Net Worth” is hereby
      amended in its entirety to read as follows:

     

    “6.20.1.
      Minimum
      Tangible Net Worth.
      The
      Borrower on a consolidated basis with its Subsidiaries at all times after the
      date hereof shall maintain Tangible Net Worth of not less than (i)
      $1,105,000,000 plus (ii) 50% of cumulative Net Income (if positive) earned
      after
      June 30, 2006. ”

     

    2.23.  Section
      6.20.5 of the Credit Agreement entitled “RJA/RJFS Excess Net Capital” is hereby
      amended in its entirety to read as follows:

     

    “6.20.5.
      RJA/RJFS
      Excess Net Capital.
      The
      Borrower shall cause RJA and RJFS at all times, except for certain limited
      periods totalling not more than 20 days during any Fiscal Year when equity
      and/or debt underwriting commitments result in a temporary reduction of Excess
      Net Capital, to have combined Excess Net Capital of not less than
      $200,000,000.”

     

    2.24.  Schedules
      I and II to the Credit Agreement are hereby amended in their entirety as set
      forth in Annex A to this Amendment No. 1.

     

    
      	III.  	
              Waiver

            

    

     

    The
      Borrower has requested the Lenders to waive non-compliance with three
      pre-existing provisions of the Credit Agreement (prior to modification by this
      Amendment No.1) constituting a Default or Unmatured Default as follows: (a)
      Indebtedness related to investments in real estate partnerships owed by variable
      interest entities of the Borrower that has been outstanding since September
      30,
      2005 was not previously permitted under Section 6.11 of the Credit Agreement
      (now permitted by the amendment effected by Section 2.14 of this Amendment
      No.
      1); (b) the accountants' certificate previously specified in Subsection
      6.1(a)(ii) of the Credit Agreement to accompany year-end audit reports (deleted
      as a requirement pursuant to Section 2.9 of this Amendment No.1) was not
      furnished by the Borrower for the Fiscal Year ended September 30, 2005; and
      (c)
      as of October 1, 2006, the Borrower’s Canadian Subsidiary will have outstanding
      Indebtedness for borrowed money from the Borrower which is subordinated to
      other
      Indebtedness of such Subsidiary (now permitted by the amendments effected by
      Sections 2.12 and 2.21 of this Amendment No. 1). The Lenders hereby agree to
      waive any Default or Unmatured Default caused solely by the Borrower's failure
      to comply with the foregoing provisions prior to the effectiveness of this
      Amendment No.1. This waiver is limited to its terms and shall not constitute
      a
      waiver of any other term, condition, representation or covenant under the Credit
      Agreement or any other Loan Document.

     

    
      	IV.  	
              Borrower
                Representations

            

    

     

    In
      order
      to induce the Lenders and the Agent to execute and deliver this Amendment
      No. 1, the Borrower represents and warrants to the Lenders that, both
      before and after giving effect to this Amendment No. 1, (i) there exists no
      Default or Unmatured Default on the date hereof, (ii) each of the
      representations and warranties contained in Article V of the Credit Agreement
      is
      true and correct on the date hereof (it being understood that the Borrower
      makes
      the representations and warranties contained in Sections 5.9 (Schedule I),
      5.13
      and 5.16 in the form amended by this Amendment No. 1; and further, as to the
      second sentence of Section 5.7, the Borrower represents that the Internal
      Revenue Service has completed its audit of the Borrower’s U.S. income tax
      returns on a consolidated basis through the Fiscal Year ending September 26,
      2003), (iii) the execution and delivery by the Borrower of this Amendment No.
      1
      have been duly authorized by all requisite corporate proceedings, (iv) this
      Amendment No. 1 and the other Loan Documents to which the Borrower is a party
      constitute the legal, valid and binding obligations of the Borrower enforceable
      in accordance with their respective terms, (v) no authorization or approval
      of,
      and no notice to or filing with, any Governmental Authority or other Person
      is
      required for the due execution, delivery or performance of this Amendment No.
      1
      by the Borrower, and (vi) no material adverse change in the business, Property,
      condition (financial or otherwise) or results of operations of the Borrower
      and
      its Subsidiaries taken as a whole has occurred since September 30,
      2005.

     

    
      	V.  	
              Effectiveness

            

    

     

    This
      Amendment No. 1 shall become effective as of the date first above written upon
      fulfillment of the following conditions (and when notice thereof shall have
      been
      given by the Agent to the Borrower and the Lenders):

     

    (i)  the
      Agent
      shall have received counterparts of this Amendment No. 1 duly executed by the
      Borrower and the Lenders; 

     

    (ii)  the
      Borrower shall have delivered to the Agent a certificate of Borrower’s Secretary
      and a certificate of Borrower’s Chief Financial Officer in form and substance
      satisfactory to the Agent and its counsel; and

     

    (iii)  all
      accrued fees and expenses of the Agent (including the accrued fees and expenses
      of counsel to the Agent invoiced on or prior to the date hereof) shall have
      been
      paid by the Borrower.

     

    
      	VI.  	
              Ratification

            

    

     

    Except
      as
      specifically provided herein, (a) the Credit Agreement shall otherwise remain
      unaltered and in full force and effect, and the respective terms, conditions
      and
      covenants thereof are hereby ratified and confirmed in all respects as
      originally executed, and (b) except for the limited waiver set forth in Article
      III above, this Amendment No. 1 shall not operate as a waiver of any right,
      power or remedy of any Lender or the Agent under any of the Loan Documents.
      Upon
      the effectiveness of this Amendment No. 1, each reference in the Credit
      Agreement to “this Agreement”, “hereof”, “herein”, “hereunder” or words of like
      import shall mean and be a reference to the Credit Agreement as amended
      hereby.

     

    
      	VII.  	
              Governing
                Law

            

    

     

    THIS
      AMENDMENT NO. 1 SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
      INTERNAL LAWS OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS
      APPLICABLE TO NATIONAL BANKS.

     

    
      	VIII.  	
              Execution
                in Counterparts

            

    

     

    This
      Amendment No. 1 may be executed in any number of counterparts, each of which
      when so executed and delivered shall be deemed to be an original and all of
      which taken together shall constitute one and the same agreement.

     

    [signature
      pages follow]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Borrower, the Lenders and the Agents have executed this
      Amendment No. 1 as of the date first above written.

     

     

    RAYMOND
      JAMES FINANCIAL, INC.

     

    By:     

     

    Title:     

     

    Address
      for Notices:

    880
      Carillon Parkway

    St.
      Petersburg, Florida 33716

    Attention: Jeffrey
      P. Julien

    Telephone: (727)
      567-5021

    Facsimile: (727)
      573-8915

     

    

     

    Commitment:      JPMORGAN
      CHASE BANK, N.A.,

    $40,000,000       Individually
      and as Administrative Agent

     

    By:      

     

    Title:      

     

    Address
      for General Notices:

    Financial
      Institutions-Broker-Dealer Group

    277
      Park
      Avenue

    23rd
      Floor

    New
      York,
      NY 10172

    Attention: Pandora
      Setian 

    Telephone: (212)
      622-5088

    Facsimile: (646)
      534-1720

    

    Address
      for Funding Matters:

    Loan
      and
      Agency Services

    1111
      Fannin, 10th
      Floor

    Houston,
      TX 77002

    Attention: Carla
      M.
      Kinney

    Telephone: (713)
      750-3560

    Facsimile: (713)
      750-2223

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Commitment:      CITIBANK,
      N.A.,

    $40,000,000      Individually
      and as Syndication Agent

    

    

    By:      

     

    Title:      

     

    Address
      for Notices:

    388
      Greenwich Street

    8th
      Floor

    New
      York,
      New York 10013

    Attention: Michael
      Mauerstein

    Telephone: (212)
      816-3431

    Facsimile: (212)
      816-5325

    

    

    

    

    Commitment:      THE
      BANK
      OF NEW YORK,

    $40,000,000      Individually
      and as Co-Documentation Agent

    

     

    By:      

     

    Title:      

     

    Address
      for Notices:

    One
      Wall
      Street

    41st
      Floor

    New
      York,
      New York 10286

    Attention: John
      Templeton

    Telephone: (212)
      635-6823

    Facsimile: (212)
      809-9566

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Commitment:      WELLS
      FARGO BANK, NATIONAL 

    $40,000,000        ASSOCIATION,

    Individually
      and as Co-Documentation Agent

    

    

    By:      

     

    Title:      

     

    Address
      for Notices:

    Wells
      Fargo Center

    Sixth
      and
      Marquette

    Minneapolis,
      MN 55479

    Attention:
      Financial Institutions Division

    Telephone: (612)
      667-9293

    Facsimile: (612)
      667-7251 

    

    

    Commitment:      CALYON
      NEW YORK BRANCH,

    $40,000,000      Individually
      and as Co-Documentation Agent

    

    

    By:      

     

    Title:      

     

    

     

    By:      

     

    Title:      

     

    Address
      for Notices:

    1301
      Avenue of the Americas

    New
      York,
      NY 10019

    Attention: Seth
      Ruffer 

    Telephone: (212)
      261-7410

    Facsimile: (212)
      261-3401

    

    
      
        
          
            	 	 	 

          

          

          

          CHI:1783759.6

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    ANNEX
      A

    Schedule
      I

    

    

    Raymond
      James Financial, Inc.

    

    Material
      Subsidiaries*

    

    
      	
              Name

            	
              Jurisdiction
                of Organization

            
	
              Eagle
                Asset Management, Inc.

            	
              Florida

            
	
              Heritage
                Asset Management, Inc.

            	
              Florida

            
	
              Planning
                Corporation Of America

            	
              Florida

            
	
              Raymond
                James & Associates, Inc.

            	
              Florida

            
	
              Raymond
                James Bank, FSB

            	
              U.S.A.

            
	
              Raymond
                James Financial Services, Inc.

            	
              Florida

            
	
              Raymond
                James Ltd./Raymond James Ltée.

            	
              Canada

            
	
              Raymond
                James Tax Credit Funds, Inc.

            	
              Florida

            
	
              Raymond
                James Trust Company

            	
              Florida

            
	
              RJ
                Capital Services, Inc.

            	
              Delaware

            

    

     

    ______________

    *
      All
      Material Subsidiaries are 100% directly or indirectly owned by the
      Borrower.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Schedule
      II

    

    

    Raymond
      James Financial, Inc.

    

    Schedule
      of Existing Indebtedness

    

    

    Liabilities
      Identified on the Borrower’s Balance Sheet as of June 30, 2006, 

    As
      Increased or Decreased in the Ordinary Course of Business Since That
      Date

    

    Raymond
      James & Associates, Inc. (RJA) $70 million mortgage indebtedness on the
      corporate headquarters.

     

    RJA
      and
      Raymond James Ltd./Raymond James Ltée. secured and unsecured lines of credit
      used to facilitate the broker-dealer business.

     

    Stadium
      Naming Rights (original obligation dated July 26, 1998) as extended through
      December 31, 2015 total $33,120,233. 

     

    Guarantees
      with respect to settlement of securities transactions by its own offices or
      foreign joint ventures extended to customers of, lenders to or clearing agencies
      for, its own offices, or foreign joint 

    ventures.

     

    Raymond
      James Bank secured FHLB advances to provide traditional banking products and
      services.

    

    Raymond
      James Financial Inc. has committed to up to $50.0 million to 36 different
      independent venture capital or private equity partnerships.

    

    Raymond
      James Financial, Inc. has committed to guarantee swap contracts, as requested,
      entered into by its subsidiary Raymond James Capital Services, Inc.

    

    Long-term
      lease agreements and short-term equipment leases of $46.5 million.Exhibit 10.11

    Return to 10-K

     

    Exhibit 10.11

    AMENDED
      AND RESTATED

    RAYMOND
      JAMES FINANCIAL

    LONG-TERM
      INCENTIVE PLAN

    

    

    

    PREAMBLE

    

    Raymond
      James Financial, Inc. (the “Company”) has previously established the Raymond
      James Financial Long-Term Incentive Plan (the “Plan”), effective October 1,
      2000, for a select group of management or highly compensated employees in order
      to attract, retain and motivate qualified personnel for the Company and its
      Related Employers.

    

    This
      Plan
      is being redesigned and restated in this document, effective as of January
      1,
      2005, as a result of changes made by the adoption of Code Section 409A and
      otherwise. Also, Accounts held for certain former participants in this Plan
      were
      spun off into a newly created Raymond James Financial Long-Term Bonus Plan
      after
      September 30, 2005 and this Plan will no longer govern such spun off Accounts
      and benefits. However, this Amendment and Restatement shall apply to such spun
      off Accounts and benefits from the Effective Date until the effective date
      of
      the Long-Term Bonus Plan.

    

    This
      Plan
      was amended in December 2005 (which amendment will not be affected by this
      Amendment and Restatement) to permit, among other things, each continuing
      Participant in this Plan who, prior to January 1, 2005, made any deferral
      election under the Plan, to make new payment elections prior to December 31,
      2005 (both as to the form and timing of a payment) with respect to amounts
      previously deferred, each such election to be consistent with the provisions
      of
      the Plan as they may exist as of January 1, 2005 (after giving effect to this
      and any other retroactive amendments to the Plan). All such new elections shall
      be consistent with the terms and conditions of this Amendment and Restatement
      and shall be governed by this Amendment and Restatement.

    

    

    

    ARTICLE
      I

    Definitions

    

    (a) “Account”
      shall
      mean a Participant’s Employer Contribution Account as described in Article
      IV.

    

    (b) “Code”
      shall
      mean the Internal Revenue Code of 1986, as it may be amended from time to time.
      Reference to a specific Code Section shall include any successor
      provision.

    

    (c) “Committee”
      shall
      mean the Compensation Committee of the Board of Directors of the
      Company.

    

    (d) “Company”
      shall
      mean Raymond James Financial, Inc., a Florida corporation, and its successor
      or
      successors.

    

    (e) “Disability”
      shall
      mean a disability within the meaning of the provisions of the Raymond James,
      Financial, Inc. Long-Term Disability Plan; provided, however, that such event
      is
      also an event of disability within the meaning of Code Section
      409A.

    

    (f) “Early
      Retirement Date”
      shall
      mean, with respect to a Participant, the date that is the earliest of (1) the
      date at or after the Participant attains age 55 when the number of the
      Participant’s years of service plus the age of the Participant equals 75 or (2)
      the date at or after the Participant attains age 60 when the Participant has
      at
      least five years of service. For these purposes, “years of service” shall be
      determined in accordance with the vesting provisions of the Raymond James
      Financial, Inc. and Affiliates Profit Sharing Plan as it may exist from time
      to
      time.

    

    (g) “Effective
      Date”
      of this
      Amendment and Restatement shall be January 1, 2005.

    

    (h) “Normal
      Retirement Date”
      shall
      mean, with respect to a Participant, the date on which the Participant attains
      age 65.

    

    (i) “Participant”
      shall
      mean any employee of the Company or a Related Employer who is covered by this
      Plan as provided in Article III.

    

    (j) “Period
      of Credited Service”
      shall
      mean the period from October 1 of one year through September 30 of the next
      year.

    

    (k) “Plan”
      shall
      mean the Raymond James Financial Long-Term Incentive Plan as set forth herein
      and as it may be amended from time to time.

    

    (l) “Plan
      Administrator”
      shall
      mean the Committee or its designee(s).

    

    (m) “Plan
      Year”
      shall
      mean the 12-month period ending on the last day of September.

    

    (n) “Related
      Employer”
      shall
      mean a corporation, limited liability company or other business entity that
      is
      affiliated with the Company, that has elected to adopt the Plan, and that the
      Company, in its sole discretion, allows to participate in the Plan as a
      participating employer.

    

    (o) “Separation
      from Service”
      shall
      mean the termination of employment of a Participant (whether for death,
      disability, retirement or otherwise) with his or her Service Recipient if such
      termination qualifies as a separation from service within the meaning of Code
      Section 409A.

    

    (p) “Service
      Recipient”
      shall
      mean a Participant’s employer and all other corporations and other persons with
      whom such employer would be considered as a single employer under Code Section
      414(b) or Code Section 414(c).

    

    (q) “Specified
      Employee”
      shall
      mean a Participant who is a key employee (as defined in Code Section 416(i)
      (without regard to Code Section 416(i)(5)) of a Service Recipient at any time
      during the 12-month period ending on September 30 as long as any stock of the
      Service Recipient is publicly traded on an established securities market or
      otherwise. Any such person shall be treated as a Specified Employee during
      the
      12-month period beginning on January 1 following such September 30.

    

    

    ARTICLE
      II

    Administration

    

    (a) Plan
      Administrator.

    

    (1) The
      Plan
      Administrator shall have complete control and discretion to manage the operation
      and administration of the Plan. Not in limitation, but in amplification of
      the
      foregoing, the Plan Administrator shall have the following powers:

    

    (A) to
      determine all questions relating to the eligibility of employees to participate
      or continue to participate;

    

    (B) to
      maintain all records and books of account necessary for the administration
      of
      the Plan;

    

    (C) to
      interpret the provisions of the Plan and to make and to publish such
      interpretive or procedural rules as are not inconsistent with the Plan and
      applicable law;

    

    (D) to
      compute, certify and arrange for the payment of benefits to which any
      Participant or beneficiary is entitled;

    

    (E) to
      process claims for benefits under the Plan by Participants or
      beneficiaries;

    

    (F) to
      engage
      consultants and professionals to assist the Plan Administrator in carrying
      out
      its duties under this Plan;

    

    (G) to
      develop and maintain such instruments as may be deemed necessary from time
      to
      time by the Plan Administrator to facilitate payment of benefits under the
      Plan;
      and

    

    (H) to
      establish such accounting procedures as are necessary to implement the
      provisions of the Plan.

    

    (2) The
      Plan
      Administrator may designate a committee, one or more employees or other
      individuals, one or more Company positions, and/or other designee(s), to assist
      the Plan Administrator in the administration of the Plan and the performance
      of
      the duties required of the Plan Administrator hereunder.

    

    (b) Plan
      Administrator’s Authority.
      The
      Plan Administrator may consult with Company officers, legal and financial
      advisers to the Company and others, but nevertheless the Plan Administrator
      shall have the full authority and discretion to act, and the Plan
      Administrator’s actions shall be final and conclusive on all
      parties.

    

    

    ARTICLE
      III

    Eligibility
      and Participation

    

    (a) Eligibility.
      The
      Company or a Related Employer shall determine those of its employees who are
      eligible to participate in the Plan, subject to standards of eligibility as
      established by the Committee from time to time and subject to the requirement
      that the Plan be maintained primarily for the purpose of providing deferred
      compensation for a select group of management or highly compensated employees
      (within the meaning of the Employee Retirement Security Act, as amended).
      Accordingly, an employee of the Company or a Related Employer who, in the
      opinion of the Company or a Related Employer based upon the then applicable
      Committee-established guidelines, has contributed or is expected to contribute
      significantly to the growth and successful operations of the Company or a
      Related Employer, who is a member of a select group of management or highly
      compensated employees, and who meets any additional criteria for eligibility
      established by the Committee will be eligible to become a
      Participant.

    

    (b) Participation.
      An
      eligible employee shall become a Participant in the Plan at such time as a
      contribution is credited to the Account of such person in accordance with the
      provisions of Article IV.

    

    

    ARTICLE
      IV

    Company
      Contributions, Participant Accounts

    and
      Investment of Accounts

    

    (a) Discretionary
      Contributions.
      The
      Company or a Related Employer may, in accordance with the provisions of Article
      III, determine to credit an eligible employee with a discretionary contribution
      with respect to a Plan Year. The amount to be contributed shall be determined
      by
      the Committee in its sole discretion.

    

    (b) Participant
      Accounts.

    

    (1) Amounts,
      if any, credited to a Participant pursuant to this Plan shall be recorded by
      the
      Plan Administrator in an Employer Contribution Account maintained in the name
      of
      the Participant. A separate Account shall be maintained for each Plan Year
      that
      a person receives a contribution.

    

    (2) All
      amounts that are credited to a Participant’s Account shall be credited solely
      for purposes of accounting and computation, and no fund shall be set side with
      respect thereto, except as may be provided in paragraph (e) below. A Participant
      shall not have any interest in or right to any such Account at any
      time.

    

    (3) The
      Plan
      shall be unfunded for all federal tax purposes. All amounts recorded in an
      Account, a Participant’s interest in the Plan and any amounts provided under the
      Plan shall constitute an unsecured promise by the Company or a Related Employer
      to pay benefits in the future, and a Participant shall have the status of a
      general unsecured creditor of the Company or Related Employer. All amounts
      credited to a Participant’s Accounts will remain as general assets of the
      Company or a Related Employer and shall remain subject to the claims of the
      Company’s or the Related Employer’s creditors until such time as the amounts are
      distributed to the Participant.

    

    (c) Crediting
      and Debiting of Accounts.

    

    (1) As
      provided in paragraph (b)(1) above, a Participant’s Account shall be credited
      with the amounts contributed to the Plan on behalf of the Participant with
      respect to a Plan Year. The Account thereafter shall be credited (or debited)
      from time to time based upon the Participant’s allocable share of the return
      (including any negative return) on the investment or deemed investment of the
      amounts credited to the Participant’s Account (which investments or deemed
      investments shall be determined by the Plan Administrator). Upon distribution
      or
      forfeiture of amounts in the Account, the Account shall be debited with the
      amount of the distribution or forfeiture, as the case may be.

    

    (2) The
      Plan
      Administrator shall establish such rules and procedures as are necessary for
      purposes of crediting and debiting the Participants’ Accounts from time to time.
      Without limitation on the foregoing, lump sum distributions shall be based
      on
      the value of the Accounts of a Participant as of the date of distribution or
      a
      record date that is (i) established by the Committee, (ii) applied on a
      consistent and nondiscriminatory basis, (iii) on or after the date of the event
      giving rise to the distribution, and (iv) no more than sixty (60) days prior
      to
      date of distribution.

    

    (d) Account
      Valuation.

    

    (1) The
      value
      of a Participant’s Account(s) shall be determined by the Plan Administrator, and
      the Plan Administrator may establish such accounting procedures as are necessary
      to account for the Participant’s interest in the Plan. Each Participant’s
      Account(s) shall be valued as of the last day of each Plan Year and/or such
      other date or dates as may be determined from time to time by the Plan
      Administrator.

    

    (2) At
      least
      annually, the Plan Administrator shall furnish each Participant with a statement
      of the value of his or her Account(s).

    

    (e)  Establishment
      of Trust.

    

    (1) The
      Company and/or one or more Related Employers may, but are not required to,
      establish a trust substantially in conformity with the terms of the model trust
      described in Revenue Procedure 92-64 to assist in meeting their obligations
      to
      Participants under this Plan. Except as provided in subparagraph (4) below,
      any
      such trust shall be established in such manner so as to permit the assets
      transferred to the trust and the earnings thereon to be used by the trustee
      solely to satisfy the liability of the Company or a Related Employer in
      accordance with the Plan and to preclude the use of such assets for any other
      purpose.

    

    (2) The
      Company or a Related Employer, in its sole discretion, and from time to time,
      may make contributions to the trust.

    

    (3) The
      powers, duties and responsibilities of the trustee shall be as set forth in
      the
      trust agreement and nothing contained in the Plan, either expressly or by
      implication, shall impose any additional powers, duties or responsibilities
      upon
      the trustee.

    

    (4) Unless
      otherwise paid by the Company or a Related Employer, all benefits under the
      Plan
      and expenses chargeable to the Plan and the trust, if one has been established,
      shall be paid from the trust.

    

    

    ARTICLE
      V

    Vesting
      and Payment of Benefits under the Plan

    

    (a) General
      Vesting Rules.
      A
      Participant shall become 100% vested in the amount credited to his or her
      Account (including earnings and other adjustments) with respect to a
      contribution for a specific Plan Year on the first to occur of the
      following:

    

    (1) the
      date
      that the Participant has five (5) consecutive Periods of Credited Service with
      respect to such contribution;

    

    (2) the
      Participant’s Separation from Service by reason of death or Disability;
      or

    

    (3) the
      Participant’s Separation from Service following the attainment of his or her
      Normal Retirement Date.

    

    In
      addition, any Participant who was 100% vested in any Account prior to October
      1,
      2005 under
      the
      terms of the Plan as then in existence shall remain 100% vested
      therein.

    

    For
      purposes of subparagraph (1) above, and subject to the provisions of paragraph
      (b) below, a Participant has five consecutive Periods of Credited Service only
      if the Participant is employed by the Company or a Related Employer for the
      full
      five-year period beginning on October 1 of the year following the Plan Year
      with
      respect to which the contribution is made and continuing through September
      30 of
      the fifth year thereafter. For example, if a contribution is credited to a
      Participant with respect to the Plan Year ended September 30, 2005 (regardless
      whether the contribution is actually credited to the Account of the Participant
      in September 2005 or in subsequent months), the Participant will have five
      consecutive Periods of Credited Service only if the Participant remains employed
      by the Company or a Related Employer during the entire period from October
      1,
      2005 through September 30, 2010.

    

    Except
      as
      expressly provided in this paragraph (a) or in paragraph (b) below, the
      Separation from Service of a Participant from the Company and Related Employers
      before the vesting date will result in a forfeiture of all of the balances
      in a
      Participant’s Employer Contribution Accounts that are not then
      vested.

    

    (b) Special
      Vesting Rule for Early Retirement.

    

    (1) Notwithstanding
      the provisions of paragraph (a) above, if a Participant’s Separation from
      Service occurs after his or her Early Retirement Date but before his or her
      Normal Retirement Date, then solely for vesting purposes, the Participant shall
      be treated as if he or she continued employment with the Company or a Related
      Employer and will vest 100% with respect to a contribution under the rule
      described in paragraph (a)(1) above at the end of five consecutive actual or
      deemed Periods of Credited Service with respect to such contribution. Such
      continued vesting, however, shall be subject to and conditioned upon the
      Participant not engaging in competition with the Company or any Related Employer
      during such five year period. The Participant engaging in any such competition
      will result in an immediate forfeiture of all of the balances in the
      Participant’s Employer Contribution Accounts that are not then
      vested.

    

    (2) For
      purposes of this paragraph (b), a Participant shall be deemed to have engaged
      in
      competition with the Company or a Related Employer if he or she:

    

    (i) discloses
      the list of the Company’s or a Related Employer’s customers, or any part
      thereof, to any person, firm, corporation, association or other entity for
      any
      reason or purposes whatsoever;

    

    (ii) discloses
      to any person, firm, corporation, association or other entity any information
      regarding the Company’s or a Related Employer’s general business practices or
      procedures, methods of sale, list of products, personnel information and any
      other valuable, special information unique to the Company’s or a Related
      Employer’s business;

    

    (iii) owns,
      manages, operates, controls, is employed by, acts as an agent for, participates
      in or is connected in any manner with the ownership, management, operation
      or
      control of any business that is engaged in one or more businesses that are
      or
      may be competitive to the business of the Company or a Related Employer;
      provided that this restriction shall encompass (A) the State of Florida, (B)
      all
      other states in the United States where the Company or a Related Employer is
      engaged in business (and every city, county and other political subdivision
      of
      such states); and (C) any other countries where the Company or a Related
      Employer is engaged in business (and every city, county, province and other
      political subdivision of such countries);

    

    (iv) solicits
      or calls either for himself or herself, or for any other person or firm,
      corporation, association or other entity, any of the customers of the Company
      or
      a Related Employer on whom the Participant called, with whom the Participant
      became acquainted, or of whom the Participant learned during his employment;
      or

    

    (v) solicits
      any of the employees or agents of the Company or a Related Employer to terminate
      his or her employment or relationship with the Company or a Related
      Employer.

    

    (3) It
      is the
      intention of the Company and the Related Employers that paragraph (b)(2) be
      given the broadest protection allowed by law with regard to the restrictions
      contained herein. Each restriction set forth in paragraph (b)(2) shall be
      construed as a condition separate and apart from each other restriction or
      condition. To the extent that any restriction contained in paragraph (b)(2)
      is
      determined by any court of competent jurisdiction to be unenforceable by reason
      of it being extended for too great a period of time, or as encompassing too
      large of a geographic area, or over too great a range of activity, or any
      combination of these elements, then such restriction shall be interpreted to
      extend only over the maximum period of time, geographic area, and range of
      activities that the court deems reasonable and enforceable.

    

    (c) Payment
      Date.
      Except
      as
      provided in paragraphs (d) and (e) below, payments due with respect to any
      contribution shall be made in cash in a lump sum on the first to occur of the
      following dates:

    

    (1) in
      December immediately following the end of the five consecutive Periods of
      Credited Service with respect to such contribution (including under the special
      deemed credited service provisions set forth in section (b) above);

    

    (2) as
      soon
      as practicable after the Participant’s Separation from Service by reason of
      death or Disability; or

    

    (3) in
      December immediately following the end of the Period of Credited Service in
      which the Participant incurred a Separation from Service following attainment
      of
      his or her Normal Retirement Age.

    

    Notwithstanding
      the foregoing, payments due with respect to an Account that is 100% vested
      in
      accordance with the special grandfather rule contained at the end of the first
      paragraph of Article V(a) shall be paid in cash in a lump sum in December
      immediately following the end of the Period of Service in which the Participant
      incurred a Separation from Service.

    

    (d)  One
      Time Right To Defer.
      Notwithstanding
      the provisions of paragraph (c) above:

    

    (1) A
      Participant shall have the right to defer the payment of any Employer
      Contribution Account balance otherwise payable under paragraph (c)(1) or (c)(3)
      above until a later date. Any such election to defer may be made only once
      with
      respect to any Plan Year balance, may not take effect until at least twelve
      (12)
      months after the date on which such election is made, must be made no later
      than
      September 30 of the calendar year prior to the calendar year in which the normal
      vesting date with respect to such Plan Year balance would occur under paragraph
      (a)(1) above (or, if applicable, under paragraph (b) above), must be made no
      later than twelve (12) months prior to the Participant’s Separation from Service
      on or after the Participant’s Normal Retirement Date, and must establish a
      beginning payment date that is at least five (5) years after the date that
      payment would have otherwise been made under paragraph (c)(1) or
      (c)(3) above
      absent the deferral election.

    

    (2) As
      a
      general rule, the deferral election shall not affect the form of payment, which
      shall be in cash in a lump sum. However, if the date selected for payment is
      a
      date after the Participant’s Early Retirement Date or Normal Retirement Date,
      then at the same time as the election to defer is made under the provisions
      of
      paragraph (d)(1) above, the Participant may elect to have the payment made
      in
      substantially equal annual installments over a specified period of time that
      is
      not less than three (3) years and not more than fifteen (15) years, with the
      first installment being paid on the date selected (which date must comply with
      the requirements of paragraph (d)(1) above) and each subsequent installment
      being made on the same date in each succeeding year. Notwithstanding the
      foregoing, if a Participant shall elect installment payments and if as of any
      October 31 thereafter, the aggregate amount of all of the balances of the
      Participant’s Accounts that are then vested and are to be paid in installments
      is less than $25,000, then each installment election shall be automatically
      voided and the aggregate amount of all of the balances of the Participant’s
      Accounts that are then vested and were otherwise to be paid in installments
      shall be paid to the Participant in a lump sum in December immediately following
      such voiding of the installment elections.

    

    (3) Notwithstanding
      the foregoing, any such election (whether under subparagraph (1) or (2)) shall
      be subject to the condition that it shall be disregarded and not given effect
      if
      the Participant incurs a Separation from Service prior to the Participant
      reaching either his or her Early Retirement Date or his or her Normal Retirement
      Date or if the Participant incurs a Separation from Service by reason of death
      or Disability on or after the Participant’s Early Retirement Date or Normal
      Retirement Date. Moreover,
      in the event that the Participant has begun receiving installment payments
      and
      then incurs a Separation from Service by reason of death or Disability, the
      installment payments shall be terminated and the remaining balance shall be
      paid
      in a lump sum as soon as practicable after the Participant’s Separation from
      Service by reason of death or Disability.

    

    (e)  Required
      Payment Deferral.
      Notwithstanding
      anything in this Plan to the contrary, in the event that a payment is scheduled
      to be made to a Specified Employee as a result of such Participant’s Separation
      from Service (other than by reason of death), then no payment may be made to
      such Participant during the six (6) month period immediately following the
      date
      of the Participant’s Separation from Service. In the event any payment is
      delayed under the provisions of this paragraph (e), then all amounts that the
      Participant would otherwise have been entitled to during the six-month period
      shall be accumulated and paid on the first day of the seventh month following
      the date of the Participant’s Separation from Service.

    

    (f)  As
      Soon As Is Practicable.
      For
      purposes of this Article V, whenever payment is to be made “as soon as
      practicable” following a specified event, such payment shall be made in all
      events no later that the later of (1) the end of the calendar year in which
      the
      event occurs or (2) the 15th
      day of
      the third month following the month in which the event occurs.

    

    

    ARTICLE
      VI

    Amendment
      and Termination

    

    (a) In
      General.

    

    (1) The
      Plan
      may be amended at any time, and from time to time, by the Committee or by any
      officer of the Company authorized by the Committee.

    

    (2) The
      Plan
      may be terminated at any time by the Committee.

    

    (b) Effect
      of Amendment or Termination.
      No
      amendment or termination of the Plan, without the consent of the affected
      Participant, shall materially and adversely affect the rights of any Participant
      with respect to any contribution credited to the Account(s) of a Participant
      prior to such amendment or termination. Notwithstanding the foregoing, the
      Committee reserves the right to amend this Plan, without the consent of any
      Participant, in order to conform the Plan with the provisions of Code Section
      409A.

    

    

    ARTICLE
      VII

    Miscellaneous

    

    (a) Payments
      to Incompetents.
      If the
      Plan Administrator receives satisfactory evidence that a person who is entitled
      to receive any benefit under the Plan, at the time such benefit becomes
      available, is physically unable, mentally incompetent, or not otherwise legally
      competent to receive such benefit and to give a valid release therefor, and
      that
      another person or an institution is then maintaining or has custody of such
      person, and that no guardian or other representatives of the estate of such
      person shall have been duly appointed, the Plan Administrator may authorize
      payment of such benefit otherwise payable to such person or institution; and
      the
      release of such other person or institution shall be valid and complete
      discharge for the payment of such benefit.

    

    (b) Plan
      Not a Contract of Employment.
      The
      Plan shall not be deemed to constitute a contract between the Company or a
      Related Employer and any Participant, nor to be consideration for the employment
      of any Participant. Nothing in the Plan shall give a Participant the right
      to be
      retained in the employ of the Company or a Related Employer; all Participants
      shall remain subject to discharge or discipline as employees to the same extent
      as if the Plan had not been adopted.

    

    (c) No
      Interest in Assets.
      Nothing
      contained in the Plan shall be deemed to give any Participant any equity or
      other interest in the assets, business or affairs of the Company or a Related
      Employer. No Participant in the Plan shall have any security or other legal
      interest in assets of the Company or a Related Employer used to make
      contributions or pay benefits.

    

    (d) Non-Alienation
      of Benefits.
      No
      benefit under the Plan shall be subject in any manner to anticipation,
      alienation, sale, transfer, assignment, pledge, encumbrance or charge, and
      any
      attempt to do so shall be void. No benefit under the Plan shall in any manner
      be
      liable for or subject to the debts, contracts, liabilities, engagements or
      torts
      of any person. If any person entitled to benefits under the Plan shall become
      bankrupt or shall attempt to anticipate, alienate, sell, transfer, assign,
      pledge, encumber or charge any benefit under the Plan, or if any attempt shall
      be made to subject any such benefit to the debts, contracts, liabilities,
      engagements or torts of the person entitled to any such benefit, except as
      specifically provided in the Plan, then such benefits shall cease and terminate
      at the discretion of the Plan Administrator. The Plan Administrator may then
      hold or apply the same or any part thereof to or for the benefit of such person
      or any dependent or beneficiary of such person in such manner and proportions
      as
      it shall deem proper. 

    

    (e) Governing
      Law.
      This
      Plan shall be governed by and construed in accordance with the substantive
      laws
      of the State of Florida, without regard to any conflict of law
      principles.

    

    (f) Corporate
      Successors. The
      Plan
      shall automatically terminate upon the sale or other transfer of substantially
      all of the assets of the Company, by the merger of the Company into any other
      corporation or other entity, or by the consolidation of the Company with any
      other corporation or other entity unless the transferee, purchaser or successor
      entity expressly agrees to continue the Plan. No such termination shall
      automatically result in the immediate or other accelerated payment of amounts
      previously deferred under this Plan.

    

    (g) Liability
      Limited.

    

    (1) Notwithstanding
      any of the preceding provisions of the Plan, neither the Company nor a Related
      Employer, nor any individual acting as an employee or agent of the Company
      or
      Related Employer, shall be liable to any Participant, former Participant or
      other person for any claim, loss, liability or expense incurred in connection
      with the Plan.

    

    (2) The
      Plan
      Administrator, and its officers, directors and employees, shall be entitled
      to
      rely conclusively on all tables, valuations, certificates, opinions and reports
      furnished by any actuary, accountant, trustee, insurance company, consultant
      or
      other expert who shall be employed or engaged by the Plan Administrator in
      good
      faith.

    

    IN
      WITNESS WHEREOF, the
      Company has caused this Amendment and Restatement to be executed by its duly
      authorized officer on this _____ day of _________, 2006.

    

    

    RAYMOND
      JAMES FINANCIAL, INC.

    

    

    By:
      _________________________________

    Its:
      _________________________________

    

    “COMPANY”

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]