Exhibit 10.6
FIRST AMENDMENT
TO
TRADESTATION GROUP, INC. AMENDED AND RESTATED INCENTIVE
STOCK PLAN
FIRST AMENDMENT, dated December 12, 2006, to TradeStation Group, Inc. (the “Company”) Amended and Restated
Incentive Stock Plan (the “Plan”), as authorized and directed by the Board of Directors of the Company at a meeting duly
convened and held on December 12, 2006.
The Plan is hereby amended as set forth below. Capitalized terms used herein, if not herein defined, shall have the
respective meetings ascribed to them in the Plan.
“ Fair Market Value . For purposes of this Plan and any Awards hereunder, Fair Market Value of Common Shares
shall be the closing price for the Company’s Common Shares as reported on The NASDAQ Stock Market (or such
other exchange or consolidated transaction reporting system on which such Common Shares are primarily traded) on
the date of grant (or the closing price on the next trading date if Common Shares were not traded on the date of
grant); provided, however, that, if the Company’s Common Shares are not at the applicable time readily tradeable on a
national securities exchange or other market system, Fair Market Value shall mean the amount determined in good
faith by the Committee as the fair market value of the Common Shares of the Company.”
“With respect to Stock Awards, Performance Shares and Performance Units, in no event shall a sale or any other
disposition, in whole or in part, of the Common Shares contained in the Award (other than in the case of death,
disability or retirement, or change in control of the Company) be permitted prior to the first anniversary of the Award
(or, if the Award is not a performance-based award, the third anniversary), and the Company shall have the right and
obligation (except there shall be no obligation in the case of death, disability or retirement, or change in control of the
Company) to reacquire the Common Shares contained in the Award, for no consideration, if the Award recipient’s
employment or engagemen