SEC Contract Filing

Filing Date: 2018-03-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>6
<FILENAME>virt-20171231ex107074218.htm
<DESCRIPTION>EX-10.7
<TEXT>
<!--HTML document created with Merrill Bridge 7.3.329.0-->
<!--Created on: 3/13/2018 4:06:06 PM-->
<html>
	<head>
 <title>
 virt_Ex10_7
 </title>
	</head>
	<body><div style="margin-left:5.88235294117647%;margin-right:5.88235294117647%;"></div><div style="margin-left:5.88235294117647%;margin-right:5.88235294117647%;">
 <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Exhibit 10.7</font>
 </p>
 <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">CONFIDENTIAL SEPARATION AGREEMENT,</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">INTEREST REPURCHASE</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">AND GENERAL RELEASE OF CLAIMS</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">THIS CONFIDENTIAL SEPARATION AGREEMENT, INTEREST REPURCHASE AND GENERAL RELEASE OF CLAIMS (&#x201C;Agreement&#x201D;), dated September 11, 2017 is made and entered into by and between Venu Palaparthi (&#x201C;Employee&#x201D;) and Virtu Financial Operating LLC and Virtu Financial, Inc. and all of its and their current or former parents, successors, predecessors, affiliates, subsidiaries and related entities, divisions, departments, partnerships, corporations, limited liability partnerships and limited liability companies, and each of its and their former, present and future directors, officers, employees, shareholders, fiduciaries, insurers, managers and agents (collectively, the &#x201C;Company&#x201D;). Capitalized terms used but not defined herein shall have the meanings assigned to them in the At-Will Agreement (as defined below).</font>
 </p>
 <p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">RECITALS</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">:</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee and the Company (or one of the Company&#x2019;s affiliates) are party to an offer letter (the &#x201C;Employment Letter&#x201D;) and employment agreement (the &#x201C;At-Will Agreement&#x201D;).</font>
 </p>
 <p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee&#x2019;s employment with the Company will end as of September 11, 2017 (the &#x201C;Termination Date&#x201D;).</font>
 </p>
 <p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regardless of whether Employee signs this Agreement, Employee will receive all accrued salary, wages, vacation, expenses, and all other monies owed to Employee through the Termination Date.</font>
 </p>
 <p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement is intended to assist employee in his transition in connection with his separation of employment. Also, by this Agreement, Employee and the