UBS

Recruit Deal

290% to 320%

Upfront payment: 150% to 170%

Year 1 : Payment bonus: 50% of revenue – .45 to .55 bps on transferred AUM
Year 2 : Hurdle – 85% of revenue

Payout bonus: 50% of revenue, uncapped

Year 3 : Hurdle – 100% of revenue

Payout bonus: 50% of revenue, uncapped

Year 4 : Hurdle – 125% of revenue

Payout bonus: 15% of revenue, uncapped

Comp/Payout

2017 Compensation Plan
Revenue New Payout 2016 Payout
$10m + 50% 45%
$7m $9.99m 49% 45%
$5m $6.99m 48% 45%
$3m $4.99m 47% 45%
$1.75m $2.99m 46% 44%
$1m $1.749m 44% 43%
$750,000 $999,999 42% 42%
$625,000 $749,999 41% 41%
$425,000 $624,999 39% 39%
$350,000 $424,999 35% 35%
$250,000 $349,999 33% 33%
$200,000 $249,999 30% 30%
$0 $199,999 28% 28%

2017 Length of Service Award

Production 5-8 Years 9-14 15-24 25+
$5m+ 4.00% 6.00% 8.00% 10.00%
$3.5m – $4.99m 3.00% 5.00% 7.00% 8.00%
$2m – $3.499m 2.50% 4.50% 5.50% 6.50%
$1m – $1.99m 2.00% 3.50% 4.50% 5.50%
$750k – $999k 1.50% 2.50% 3.50% 4.50%