SEC Filings

VIRTU KCG HOLDINGS LLC filed this Form 8-K on 07/24/2017
Entire Document


B.  Sole Consideration.  Except as specifically provided in Paragraph 14(A), you will not be entitled to any compensation or benefits from Company or any of its affiliates with respect to the Consulting Services or otherwise and you will not be credited with any service, age or other credit for purposes of eligibility, vesting or benefit accrual under any employee benefit plan of the Company or Virtu.


C.  Independent Contractor Status.  You acknowledge and the Company agrees that in performing the Consulting Services you will be acting and shall act at all times as an independent contractor only and not as an employee, agent, partner or joint venturer of or with the Company or any of its affiliates and you shall not have any right to act for, represent or otherwise bind the Company or Virtu or any of their respective affiliates in any manner.  Except for the payments and benefits provided pursuant to Paragraphs 3 and 4 of this Agreement, you acknowledge that you are and shall be solely responsible for the payment of all Federal, state, local and foreign taxes that are required by applicable laws or regulations to be paid with respect to all compensation and benefits payable or provided hereunder (including, without limitation, fees payable in respect of the Consulting Services pursuant to Paragraph 14(A)). Further, you understand that with the exception of the continuation coverage provided pursuant to Paragraph 3(C), you will not be entitled to participate in or accrue benefits under any benefit plan available to Company or Virtu employees.


15.                               General.  This Agreement constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to this subject matter.  This Agreement is entered into without reliance on any promise or representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations.  This Agreement may not be modified or amended except in a writing signed by both you and a duly authorized officer of the Company.  This Agreement will bind the heirs, personal representatives, successors and assigns of both you and the Company (including, for avoidance of doubt, Virtu), and inure to the benefit of both you and the Company, each of our respective heirs, successors and assigns.  If any provision of this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement and the provision in question will be modified by the court so as to be rendered enforceable to the fullest extent permitted by law, consistent with the intent of the parties.  This Agreement will be deemed to have been entered into and will be construed and enforced in accordance with the laws of the State of New York.  The Company may withhold from any amounts payable under this Agreement such Federal, state and local and non-U.S. taxes as may be required to be withheld pursuant to any applicable law or regulation. This Agreement may be executed in counterparts, which shall be deemed to be part of one original, and facsimile and electronic image signatures shall be equivalent to original signatures.


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