Exhibit 10.01

AMENDMENT NO. 1 TO CREDIT AGREEMENT

This Amendment No. 1 to Credit Agreement (this “Amendment”) dated as of October
25, 2006 is made by and among CERIDIAN CORPORATION, a Delaware corporation (the
“Borrower”), CERIDIAN CANADA LTD., a corporation organized under the laws of
Canada (the “Canadian Borrower”), BANK OF AMERICA, N.A., a national banking
association organized and existing under the laws of the United States (“Bank of
America”), in its capacity as administrative agent for the Lenders (as defined
in the Credit Agreement described below) (in such capacity, the “Administrative
Agent”), and each of the Lenders under such Credit Agreement signatory hereto.

W I T N E S S E T H:

WHEREAS, the Borrower, the Canadian Borrower, Bank of America, as the
Administrative Agent, Swing Line Lender and L/C Issuer and the Lenders have
entered into that certain Credit Agreement dated as of November 18, 2005 (as
hereby amended and as from time to time hereafter further amended, modified,
supplemented, restated, or amended and restated, the “Credit Agreement”;
capitalized terms used in this Amendment not otherwise defined herein shall have
the respective meanings given thereto in the Credit Agreement), pursuant to
which the Lenders have made available to the Borrower a revolving credit
facility, including a letter of credit facility and a swing line facility, and
to the Canadian Borrower a subfacility thereof for the making of revolving
credit loans thereto; and

WHEREAS, the Borrower has advised the Administrative Agent and the Lenders that
it desires to amend certain provisions of the Credit Agreement to, among other
things, amend the definition of Canadian Subfacility Funding Lender, and the
Administrative Agent and the Lenders signatory hereto are willing to effect such
amendment on the terms and conditions contained in this Amendment;

NOW, THEREFORE, in consideration of the premises and further valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

1.             Amendments to Credit Agreement.  Subject to the terms and
conditions set forth herein, the Credit Agreement is hereby amended as follows:

(a)           The existing definition of “Canadian Subfacility Funding Lender”
in Section 1.01 is deleted in its entirety and the following is inserted in lieu
thereof:

“Canadian Subfacility Funding Lender” means, with respect to each Canadian
Subfacility Loan, each Canadian Subfacility Funding Fronting Lender.

(b)           The existing definition of “Canadian Subfacility Participating
Lender” in Section 1.01 is deleted in its entirety and the following is inserted
in lieu thereof:

“Canadian Subfacility Participating Lender” means, with respect to each Canadian
Subfacility Loan, each of Wachovia Bank, National Association, PNC Bank,
National Association, Wells Fargo Bank, National Association, AmSouth

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Bank, The Bank of Tokyo-Mitsubishi, Ltd., Chicago Branch, The Bank of New York
and Mellon Bank, N.A., but specifically excludes any assignees thereof otherwise
permitted hereunder.

2.             Effectiveness; Conditions Precedent.  The effectiveness of this
Amendment and the amendments to the Credit Agreement herein provided are subject
to the satisfaction of the following conditions precedent:

(a)            the Administrative Agent shall have received counterparts of this
Amendment, duly executed by the Borrower, the Canadian Borrower, the
Administrative Agent, the Canadian Subfacility Agent, each of the Canadian
Subfacility Funding Fronting Lenders, and each of the Required Lenders;

(b)           all fees and expenses payable to the Administrative Agent
(including the fees and expenses of counsel to the Administrative Agent)
estimated to date shall have been paid in full (without prejudice to final
settling of accounts for such fees and expenses); and

(c)            such other documents, instruments, opinions, certifications,
undertakings, further assurances and other matters as the Administrative Agent,
the L/C Issuer or any Lender shall reasonably request.

3.             Representations and Warranties.  In order to induce the
Administrative Agent and the Lenders to enter into this Amendment, the Borrower
and the Canadian Borrower represent and warrant to the Administrative Agent and
the Lenders as follows:

(a)            Before and after giving effect to this Amendment, (A) the
representations and warranties contained in Article V and the other Loan
Documents are true and correct on and as of the date hereof, except to the
extent that such representations and warranties specifically refer to an earlier
date, in which case they are true and correct as of such earlier date, and
except that the representations and warranties contained in Section 5.10 of the
Credit Agreement shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b) of Section 6.01 of the Credit
Agreement, and (B) no Default exists; and

(b)           This Amendment has been duly authorized, executed and delivered by
the Borrower and the Canadian Borrower and constitutes a legal, valid and
binding obligation of the Borrower and the Canadian Borrower, except as may be
limited by general principles of equity or by the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors’ rights generally.

4.             Entire Agreement.  This Amendment, together with all the Loan
Documents (collectively, the “Relevant Documents”), sets forth the entire
understanding and agreement of the parties hereto in relation to the subject
matter hereof and supersedes any prior negotiations and agreements among the
parties relating to such subject matter.  No promise, condition, representation
or warranty, express or implied, not set forth in the Relevant Documents shall
bind any party hereto, and no such party has relied on any such promise,
condition, representation or warranty.  Each of the parties hereto acknowledges
that, except as otherwise

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expressly stated in the Relevant Documents, no representations, warranties or
commitments, express or implied, have been made by any party to the other in
relation to the subject matter hereof or thereof.  None of the terms or
conditions of this Amendment may be changed, modified, waived or canceled orally
or otherwise, except in writing and in accordance with Section 10.01 of the
Credit Agreement.

5.             Full Force and Effect of Agreement.  Except as hereby
specifically amended, modified or supplemented, the Credit Agreement and all
other Loan Documents are hereby confirmed and ratified in all respects and shall
be and remain in full force and effect according to their respective terms.

6.             Counterparts.  This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original as against any party
whose signature appears thereon, and all of which shall together constitute one
and the same instrument.  Delivery of an executed counterpart of a signature
page of this Amendment by telecopy shall be effective as a manually executed
counterpart of this Amendment.

7.             Governing Law.  This Agreement shall in all respects be governed
by, and construed in accordance with, the laws of the State of New York
applicable to contracts executed and to be performed entirely within such State,
and shall be further subject to the provisions of Sections 10.14 and 10.15 of
the Credit Agreement.

8.             Enforceability.  Should any one or more of the provisions of this
Amendment be determined to be illegal or unenforceable as to one or more of the
parties hereto, all other provisions nevertheless shall remain effective and
binding on the parties hereto.

9.             References.  All references in any of the Loan Documents to the
“Credit Agreement” shall mean the Credit Agreement, as amended hereby.

10.           Successors and Assigns.  This Amendment shall be binding upon and
inure to the benefit of the Borrower, the Canadian Borrower, the Administrative
Agent and each of the Lenders, and their respective successors, legal
representatives, and assignees to the extent such assignees are permitted
assignees as provided in Section 10.06 of the Credit Agreement.

[Signature pages follow.]

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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be made,
executed and delivered by their duly authorized officers as of the day and year
first above written.

 

CERIDIAN CORPORATION, as

 

Borrower

 

 

 

By:

/s/ David B. Kuhnau

 

 

Name:

David B. Kuhnau

 

 

Title:

 Vice President and Treasurer

 

 

 

 

 

 

CERIDIAN CANADA LTD., as

 

Canadian Borrower

 

 

 

By:

 /s/ David B. Kuhnau

 

 

Name:

David B. Kuhnau

 

 

Title:

 Vice President and Treasurer

 

 

Signature Page

Ceridian Corporation

Amendment No. 1 to Credit Agreement

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BANK OF AMERICA, N.A., as Administrative
Agent

 

 

 

By:

 /s/ Mollie S. Canup

 

 

Name:

  Mollie S. Canup

 

 

Title:

  Vice President

 

 

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BANK OF AMERICA, N.A., acting through its
Canada branch, as Canadian Subfacility Agent

 

 

 

By:

  /s/ Medina Sales de Andrade

 

 

Name:

  Medina Sales de Andrade

 

 

Title:

  Assistant Vice President

 

 

 

 

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BANK OF AMERICA, N.A., acting through its
Canada branch

 

 

 

By:

 /s/ Medina Sales de Andrade

 

 

Name:

  Medina Sales de Andrade

 

 

Title:

  Assistant Vice President

 

 

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BANK OF AMERICA, N.A., as a Lender, L/C
Issuer and Swing Line Lender

 

 

 

By:

/s/ Kevin McMahon

 

 

Name:

Kevin McMahon

 

 

Title:

Senior Vice President

 

 

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JPMORGAN CHASE BANK, N.A.,

 

TORONTO BRANCH

 

 

 

By:

/s/ Sabir Hashmy

 

 

Name:

Sabir Hashmy

 

 

Title:

Vice President

 

 

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WACHOVIA BANK, NATIONAL
ASSOCIATION

 

 

By:

/s/ John G. Taylor

 

 

Name:

John G. Taylor

 

 

Title:

Vice President

 

 

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PNC BANK, NATIONAL ASSOCIATION

 

 

By:

/s/ Benjamin Kline

 

 

Name:

Benjamin Kline

 

 

Title:

Officer

 

 

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WELLS FARGO BANK, NATIONAL
ASSOCIATION

 

 

By:

/s/ Mark H. Halldorson

 

 

Name:

Mark H. Halldorson

 

 

Title:

Vice President

 

 

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AMSOUTH BANK

 

 

By:

/s/ Monty Trimble

 

 

Name:

Monty Trimble

 

 

Title:

Senior Vice President

 

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THE BANK OF TOKYO-MITSUBISHI UFJ,
LTD., CHICAGO BRANCH

 

 

By:

/s/ Matthew A. Ross

 

 

Name:

Matthew A. Ross

 

 

Title:

Vice President & Manager

 

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THE BANK OF NEW YORK

 

 

By:

/s/ Walter C. Parelli

 

 

Name:

Walter C. Parelli

 

 

Title:

Vice President

 

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MELLON BANK, N.A.

 

 

By:

/s/ Daniel J. Lenckos

 

 

Name:

Daniel J. Lenckos

 

 

Title:

First Vice President

 

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