Exhibit 10.10

UNISYS CORPORATION

2010 Long-Term Incentive and Equity Compensation Plan

Restricted Stock Unit Agreement

 

In order for the Award provided hereunder to become effective, this Agreement
must be

accepted electronically by Participant within sixty (60) days of receipt. In the
event that this Agreement is not accepted

electronically by Participant within this time period, Participant shall be
deemed to have rejected the Award.

1. Subject to all provisions hereof and to all of the terms and conditions of
the Unisys Corporation 2010 Long-Term Incentive and Equity Compensation Plan
(the “Plan”), incorporated by this reference herein, Unisys Corporation, a
Delaware corporation (the “Company”), hereby grants to the participant named
below (the “Participant”) an award (the “Award”) of restricted stock units in
accordance with Section 9 of the Plan. Each restricted stock unit (hereinafter
referred to as a “Restricted Stock Unit” or “Unit”) represents an obligation of
the Company to pay to Participant up to a maximum of one and one-half shares of
the Common Stock, par value $0.01 per share, of the Company (the “Stock”) on
(i) the applicable vesting date or (ii) such earlier date as payment may be due
under this agreement (together with Appendix A, and any applicable
country-specific terms and provisions set forth in the addendum and the
attachments to the addendum (the “Addendum”), the “Agreement”), for each Unit
that vests on such date, provided that the conditions precedent to such payment
have been satisfied and provided that no Termination of Employment has occurred
prior to the respective vesting date.

 

Participant: FULL NAME Total Number of Restricted Stock Units Awarded:1 NUMBER
OF UNITS Date of Grant: DATE OF GRANT Vesting Schedule: The Vesting Schedule is
set forth in Appendix A to this Agreement.

Capitalized terms used and not defined herein shall have the respective meanings
assigned to such terms in the Plan. The terms of the Award are as follows:

2. Every notice relating to this Agreement shall be in writing and shall be
effective when received or with date of posting if by registered mail with
return receipt requested, postage prepaid. Notwithstanding Section 18(f) of the
Plan, all notices to the Company shall be addressed to Unisys Equity
Administration, Unisys Corporation, 801 Lakeview Drive, Suite 100, Blue Bell,
Pennsylvania 19422, United States of America. Notices to Participant shall be
addressed to his or her last designated address on the Company’s records. Either
party, by notice to the other, may designate a different address to which
notices shall be sent. Any notice by the Company to Participant at his or her
last designated address shall be effective to bind Participant and any other
person who acquires rights or a claim thereto under this Agreement.

 

 

1  All of the Restricted Stock Units subject to this Agreement are
Performance-Based Units.

 

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3. Participant’s right to any payment under this Award may not be assigned,
transferred (other than by will or the laws of descent and distribution),
pledged or sold.

4. Except as otherwise provided under the terms of the Plan or this Agreement,
all Restricted Stock Units awarded under this Agreement that have not vested
will be forfeited and all rights of Participant with respect to such Units will
terminate without any payment by the Company upon Termination of Employment by
Participant or by the Company or, if Participant is not employed by the Company,
the Participant’s employer (the “Employer”) prior to the applicable vesting date
for such Units, as set forth in Appendix A (the “Vesting Date”).

For purposes of this Award, Termination of Employment (for any reason whatsoever
and whether or not later found to be invalid or in breach of employment laws in
the jurisdiction where Participant is employed or providing services to the
Company, the Employer or any other Subsidiary or Affiliate or the terms of
Participant’s employment or service contract, if any) is deemed to occur
effective as of the date that Participant is no longer actively employed or
providing services to the Company, the Employer or any other Subsidiary or
Affiliate and will not be extended by any notice period (e.g., Participant’s
period of service with the Company, the Employer or any other Subsidiary or
Affiliate would not include any contractual notice period or any period of
“garden leave” or similar period mandated under employment laws in the
jurisdiction where Participant is employed or providing services to the Company,
the Employer or any other Subsidiary or Affiliate or the terms of Participant’s
employment or service contract, if any). The Company shall have the sole
discretion to determine when Participant is no longer actively employed or
providing services to the Company, the Employer or any other Subsidiary or
Affiliate for purposes of the Award (including whether Participant may still be
considered to be providing such services while on a leave of absence).

5. In the event of Participant’s Termination of Employment within two years
following the date of a Change in Control either (i) involuntarily by the
Company or the Employer, as applicable, other than for Cause, or (ii) for Good
Reason, any portion of the Award that is unvested and outstanding as of the date
of Participant’s Termination of Employment will become vested in accordance with
the rules under Section 11(a)(4) of the Plan, provided, however, that,
notwithstanding any language to the contrary in Section 11(a)(4) or
Section 11(a)(5) of the Plan, the Units will be paid only in shares of Stock.
Notwithstanding the foregoing, if the Committee determines in its sole
discretion that the Units are nonqualified deferred compensation under
Section 409A of the Code, then, if the Participant is a “specified employee”
within the meaning of Section 409A of the Code, Participant’s entitlement to
vesting with respect to the Award shall be as provided in this paragraph 5, but
the delivery of the shares of Stock subject to Participant’s Units shall be made
on the first day of the seventh month following the Participant’s Termination of
Employment. For purposes of this paragraph 5, if the Committee determines in its
sole discretion that the Units are nonqualified deferred compensation under
Section 409A of the Code, Termination of Employment shall be limited to those
circumstances that constitute a “separation from service” within the meaning of
Section 409A of the Code. This paragraph 5 will not be applicable to the Award
if the Change in Control results from Participant’s beneficial ownership (within
the meaning of Rule 13d-3 under the Exchange Act) of Stock or Voting Securities.

6. Each payment that may become due hereunder shall be made only in shares of
Stock, unless otherwise provided in this Agreement. Except as otherwise provided
in paragraph 5, such shares will be issued to Participant as soon as practicable
after the relevant Vesting Date but in any event within the period ending two
and one-half months following the earlier of the end of the taxable year of the
Company or the taxable year of Participant which, in each case, includes the
Vesting Date.

7. Any dispute or disagreement arising under or as a result of this Agreement,
shall be determined by the Committee (or, as to the provisions contained in
paragraph 8 hereof, by the Company), or its designee, in its sole discretion and
any such determination and interpretation or other action taken by said
Committee (or, as to the provisions contained in paragraph 8 hereof, by the
Company), or its designee, pursuant to the provisions of the Plan shall be
binding and conclusive for all purposes whatsoever.

 

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8. The greatest assets of Unisys* are its employees, technology and customers.
In recognition of the increased risk of unfairly losing any of these assets to
its competitors, Unisys has adopted the following policy. By accepting this
Award, Participant agrees that:

8.1 During employment and for twelve months after leaving Unisys, Participant
will not: (a) directly or indirectly solicit or attempt to influence any
employee of Unisys to terminate his or her employment with Unisys, except as
directed by Unisys; (b) directly or indirectly solicit or divert to any
competing business any customer or prospective customer to which Participant was
assigned at any time during the eighteen months prior to leaving Unisys; or
(c) perform services for any Unisys customer or prospective customer, of the
type Participant provided while employed by Unisys for any Unisys customer or
prospective customer for which Participant worked at any time during the
eighteen months prior to leaving Unisys.

8.2 Participant previously signed the Unisys Employee Proprietary Information,
Invention and Non-Competition Agreement in which he or she agreed not to
disclose, transfer, retain or copy any confidential or proprietary information
during or after the term of Participant’s employment, and Participant
acknowledges his or her continuing obligations under that agreement. Participant
shall be bound by the terms of the Employee Proprietary Information, Invention
and Non-Competition Agreement and the restrictions set out in this paragraph 8
of this Agreement vis-à-vis the Company or the Employer, as applicable, and all
restrictions and limitations set out in these agreements are in addition to and
not in substitution of any other restrictive covenants (similar or otherwise)
that Participant might be bound by vis-à-vis the Company or the Employer, as
applicable, by virtue of his or her contract of employment or other agreements
executed between Participant and the Company or the Employer, as applicable,
which restrictive covenants shall remain in full force and continue to apply,
notwithstanding any provisions to the contrary in this Agreement and/or the
Employee Proprietary Information, Invention and Non-Competition Agreement.

8.3 Participant agrees that Unisys shall be entitled to preliminary and
permanent injunctive relief, without the necessity of proving actual damages, in
the event of a breach of any of the covenants contained in this paragraph 8.

8.4 Participant agrees that Unisys may assign the right to enforce the
non-solicitation and non-competition obligations of Participant described in
paragraph 8.1 to its successors and assigns without any further consent from
Participant.

8.5 The provisions contained in this paragraph 8 shall survive after
Participant’s Termination of Employment and may not be modified or amended
except by a writing executed by Participant and the Chairman of the Board of the
Company.

9. In accepting the Award, Participant acknowledges, understands and agrees
that: (i) the Plan is established voluntarily by the Company, it is
discretionary in nature and it may be modified, amended, suspended or terminated
by the Board at any time, to the extent permitted by the Plan; (ii) the grant of
the Award is voluntary and occasional and does not create any contractual or
other right to receive future grants of restricted stock units, or benefits in
lieu of restricted stock units even if restricted stock units have been granted
in the past; (iii) all decisions with respect to future awards of restricted
stock units, if any, will be at the sole discretion of the Committee or its
designee; (iv) the grant of the Award and Participant’s participation in the
Plan shall not create a right to employment with the Company, the Employer or
any other Subsidiary or Affiliate, and shall not interfere with the ability of
the Company, the Employer or any other Subsidiary or Affiliate, as applicable,
to terminate Participant’s employment or service relationship (if any) at any
time; (v) Participant’s participation in the Plan is voluntary; (vi) the Award
and the shares of Stock acquired under the Plan, and the income and value of
same, are extraordinary items that do not constitute compensation of any kind
for services of any kind rendered to the Company, the Employer or any other
Subsidiary or Affiliate, and are outside the scope of Participant’s employment
or service contract, if any; (vii) the Award and the

 

* For purposes of this paragraph 8, the term “Unisys” shall include the Company
and all of its Subsidiaries and Affiliates.

 

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shares of Stock acquired under the Plan, and the income and value of same, are
not intended to replace any pension rights or compensation; (viii) the Award and
the shares of Stock acquired under the Plan, and the income and value of same,
are not part of normal or expected compensation or salary for any purposes,
including, but not limited to, calculating any severance, resignation,
termination, redundancy, dismissal, end of service payments, bonuses,
long-service awards, pension, retirement or welfare benefits or similar
payments; (ix) the Award and Participant’s participation in the Plan will not be
interpreted to form an employment or service contract or relationship with the
Company, the Employer or any other Subsidiary or Affiliate; (x) the future value
of the underlying shares of Stock is unknown, indeterminable, and cannot be
predicted with certainty; (xi) if Participant accepts the Award and obtains
shares of Stock, the value of those shares of Stock acquired upon vesting may
increase or decrease in value; (xii) no claim or entitlement to compensation or
damages shall arise from forfeiture of the Award resulting from Participant’s
Termination of Employment (for any reason whatsoever and whether or not later
found to be invalid or in breach of employment laws in the jurisdiction where
Participant is employed or providing services to the Company, the Employer or
any other Subsidiary or Affiliate or the terms of Participant’s employment or
service contract, if any), and in consideration of the Award to which
Participant is otherwise not entitled, Participant irrevocably agrees never to
institute any claim against the Company, the Employer or any other Subsidiary or
Affiliate, waives his or her ability, if any, to bring any such claim, and
releases the Employer, the Company and any other Subsidiary or Affiliate from
any such claim; if, notwithstanding the foregoing, any such claim is allowed by
a court of competent jurisdiction, then, by participating in the Plan,
Participant shall be deemed irrevocably to have agreed not to pursue such claim
and agrees to execute any and all documents necessary to request dismissal or
withdrawal of such claims; (xiii) the Award and the benefits under the Plan, if
any, will not automatically transfer to another company in the case of a merger,
take-over or transfer of liability involving the Company and unless otherwise
provided in the Plan or by the Company in its sole discretion, the Award and the
benefits evidenced by this Agreement do not create any entitlement to have the
Award or any such benefits transferred to, or assumed by, another company or be
exchanged, cashed out or substituted for, in connection with any corporate
transaction affecting the shares of the Company; (xiv) if Participant is
employed or providing services outside the United States of America, Participant
acknowledges and agrees that neither the Company, the Employer nor any other
Subsidiary or Affiliate shall be liable for any foreign exchange rate
fluctuation between Participant’s local currency and the United States Dollar
that may affect the value of the Award or of any amounts due to Participant
pursuant to the settlement of the Award or the subsequent sale of any shares of
Stock acquired upon settlement; and (xv) in the event the Company is required to
prepare an accounting restatement, the Award, the shares of Stock subject to the
Award and proceeds from a sale of such shares may be subject to forfeiture or
recoupment, to the extent required from time to time by applicable law or by a
policy adopted by the Company, but provided such forfeiture or recoupment is
permitted under applicable law.

10. Participant acknowledges that neither the Company nor the Employer (or any
other Subsidiary or Affiliate) is providing any tax, legal or financial advice,
nor is the Company or the Employer making any recommendations regarding
Participant’s participation in the Plan, or Participant’s acquisition or sale of
the underlying shares of Stock. Participant is hereby advised to consult with
his or her own personal tax, legal and financial advisors regarding
Participant’s participation in the Plan before taking any action related to the
Plan.

11. Regardless of any action the Company or the Employer takes with respect to
any or all income tax, social insurance, payroll tax, fringe benefits tax,
payment on account or other tax-related items related to Participant’s
participation in the Plan and legally applicable to him or her (“Tax-Related
Items”), Participant acknowledges that the ultimate liability for all
Tax-Related Items is and remains Participant’s responsibility and may exceed the
amount actually withheld by the Company or the Employer. Participant further
acknowledges that the Company and/or the Employer (a) make no representations or
undertakings regarding the treatment of any Tax-Related Items in connection with
any aspect of the Award, including, but not limited to, the grant, vesting or
settlement of the Award, the issuance of shares of Stock upon settlement of the
Award, the subsequent sale of the shares of Stock acquired pursuant to such
issuance and the receipt of any dividends or other distributions; and (b) do not
commit to and are under no obligation to structure the terms of the Award or any
aspect of the Award to reduce or eliminate Participant’s liability for
Tax-Related Items or achieve any particular tax result. Further, if Participant
is subject to tax in more than one jurisdiction, Participant acknowledges that
the Company and/or the Employer (or former employer, as applicable) may be
required to withhold or account for Tax-Related Items in more than one
jurisdiction.

 

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Prior to any relevant taxable or tax withholding event, as applicable,
Participant will pay or make adequate arrangements satisfactory to the Company
and/or the Employer to satisfy all Tax-Related Items. In this regard,
Participant authorizes the Company and/or the Employer, or their respective
agents, at their sole discretion, to satisfy the obligations with regard to all
Tax-Related Items by means of one or a combination of the following:
(1) withholding from Participant’s wages or other cash compensation paid to
Participant by the Company and/or the Employer; (2) withholding from proceeds of
the sale of shares of Stock acquired upon vesting or settlement of the Award
either through a voluntary sale or through a mandatory sale arranged by the
Company (on Participant’s behalf pursuant to this authorization without further
consent); or (3) withholding in shares of Stock to be issued upon vesting or
settlement of the Award.

To avoid negative accounting treatment or for any other reason, as determined by
the Company in its sole discretion, the Company may withhold or account for
Tax-Related Items by considering applicable minimum statutory withholding
amounts or other applicable withholding rates, including maximum applicable
rates, in which case Participant will receive a refund of any over-withheld
amount in cash and will have no entitlement to the Stock equivalent. If the
obligation for Tax-Related Items is satisfied by withholding in shares of Stock,
for tax purposes Participant is deemed to have been delivered the full number of
shares of Stock subject to the Award, notwithstanding that a number of the
shares of Stock is held back solely for the purpose of paying the Tax-Related
Items.

Finally, within ninety (90) days of any tax liability arising, Participant shall
pay to the Company and/or the Employer any amount of Tax-Related Items that the
Company and/or the Employer may be required to withhold or account for as a
result of Participant’s participation in the Plan or Participant’s receipt of
shares of Stock that cannot be satisfied by the means previously described. The
Company may refuse to issue or deliver the shares of Stock or proceeds of the
sale of shares of Stock in settlement of the vested Award if Participant fails
to comply with his or her obligations in connection with the Tax-Related Items.

12. Participant hereby explicitly and unambiguously consents and agrees to the
collection, use and transfer, in electronic or other form, of Participant’s
personal data as described in this Agreement and any other Award grant materials
by and among, as applicable, the Employer, the Company and its other
Subsidiaries and Affiliates for the exclusive purpose of implementing,
administering and managing Participant’s participation in the Plan.

Participant understands that the Company and the Employer may hold certain
personal information about Participant, including, but not limited to,
Participant’s name, home address and telephone number, date of birth, social
insurance number or other identification number, salary, nationality, job title,
any shares of stock or directorships held in the Employer, the Company or its
other Subsidiaries and Affiliates, and details of all restricted stock units or
any other entitlement to shares of stock awarded, canceled, exercised, vested,
unvested or outstanding in Participant’s favor (“Personal Data”), for the
exclusive purpose of implementing, administering and managing the Plan.
Participant understands that Personal Data may be transferred to Fidelity Stock
Plan Services, LLC or any other third parties assisting (presently or in the
future) in the implementation, administration and management of the Plan.
Participant understands that these recipients may be located in the United
States of America or elsewhere, and that the recipient’s country (e.g., the
United States of America) may have different data privacy laws and protections
than Participant’s country. Participant understands that he or she may request a
list with the names and addresses of any potential recipients of the Personal
Data by contacting Participant’s local human resources representative.
Participant authorizes the Company and any other possible recipients which may
assist the Company (presently or in the future) with implementing, administering
and managing the Plan to receive, possess, use, retain and transfer the Personal
Data, in electronic or other form, for the sole purpose of

 

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implementing, administering and managing Participant’s participation in the
Plan, including any requisite transfer of such Personal Data as may be required
to a broker or other third party with whom Participant may elect to deposit any
shares of Stock received upon vesting of the Award. Participant understands that
Personal Data will be held only as long as is necessary to implement, administer
and manage Participant’s participation in the Plan. Participant understands that
he or she may, at any time, view Personal Data, request additional information
about the storage and processing of Personal Data, require any necessary
amendments to Personal Data or refuse or withdraw the consents herein, in any
case without cost, by contacting in writing Participant’s local human resources
representative. Further, Participant understands that he or she is providing the
consents herein on a purely voluntary basis. If Participant does not consent, or
if Participant later seeks to revoke his or her consent, his or her employment
status or service and career with the Employer will not be adversely affected;
the only adverse consequence of refusing or withdrawing Participant’s consent is
that the Company would not be able to grant Participant Awards or other equity
awards or administer or maintain such awards. Therefore, Participant understands
that refusal or withdrawal of consent may affect Participant’s ability to
realize benefits from the Award or otherwise participate in the Plan. For more
information on the consequences of Participant’s refusal to consent or
withdrawal of consent, Participant understands that he or she may contact his or
her local human resources representative.

13. If one or more of the provisions of this Agreement shall be held invalid,
illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby and the invalid, illegal or unenforceable provision shall be
deemed null and void; however, to the extent permissible by law, any provisions
which could be deemed null and void shall first be construed, interpreted or
revised retroactively to permit this Agreement to be construed so as to foster
the intent of this Agreement and the Plan.

14. If Participant has received this Agreement or any other document related to
the Award and/or the Plan translated into a language other than English and if
the meaning of the translated version is different than the English version, the
English version will control.

15. Subject to paragraph 2 above, the Company may, in its sole discretion,
decide to deliver or receive any documents related to Participant’s current and
future participation in the Plan by electronic means. Participant hereby
consents to receive such documents by electronic delivery and agrees to
participate in the Plan through an on-line or electronic system established and
maintained by the Company or a third party designated by the Company.

16. This Agreement is intended to comply with the short-term deferral rule set
forth in regulations under Section 409A of the Code to avoid application of
Section 409A of the Code to the Award; however, to the extent it is subsequently
determined that the Award is deemed to be non-qualified deferred compensation
subject to Section 409A of the Code, the Agreement is intended to comply in form
and operation with Section 409A of the Code, and any ambiguities herein will be
interpreted to so comply. The Committee reserves the right, to the extent the
Committee deems necessary or advisable in its sole discretion, to unilaterally
amend or modify this Agreement as may be necessary to ensure that the Award is
exempt from, or complies with, Section 409A of the Code, provided, however, that
the Company makes no representation that this Agreement will be exempt from, or
comply with, Section 409A of the Code and shall have no liability to Participant
or any other party if a payment under this Agreement that is intended to be
exempt from, or compliant with, Section 409A of the Code is not so exempt or
compliant or for any action taken by the Company with respect thereto.

17. The Award shall be subject to any special terms and provisions as set forth
in the Addendum for Participant’s country, if any. Moreover, if Participant
relocates to another country during the life of the Award, the special terms and
conditions for such country will apply to Participant to the extent the Company
determines in its sole discretion that the application of such terms and
conditions is necessary or advisable for legal or administrative reasons.

 

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18. This Agreement has been made in and shall be construed under and in
accordance with the laws of the Commonwealth of Pennsylvania in the United
States of America, without regard to the conflict of laws provisions, as
provided in the Plan.

For purposes of any dispute, action or other proceeding that arises under or
relates to this Award or this Agreement, the parties (including Participant’s
Beneficiary) hereby submit to and consent to the exclusive jurisdiction of the
Commonwealth of Pennsylvania in the United States of America, and agree that
such litigation shall be conducted only in the courts of Montgomery County in
the Commonwealth of Pennsylvania in the United States of America, or the federal
courts of the United States of America for the Eastern District of Pennsylvania,
where this Award is made and/or to be performed, and no other courts.

19. The Company reserves the right to impose other requirements on Participant’s
participation in the Plan, on the Award and/or on any shares of Stock acquired
under the Plan, to the extent the Company determines in its sole discretion that
it is necessary or advisable (including, but not limited to, legal or
administrative reasons), and to require Participant to sign and/or accept
electronically, at the sole discretion of the Company, any additional agreements
or undertakings that may be necessary to accomplish the foregoing as determined
by the Company in its sole discretion.

20. Notwithstanding any other provision of the Plan or this Agreement to the
contrary, unless there is an available exemption from any registration,
qualification or other legal requirement applicable to the shares of Stock, the
Company shall not be required to deliver any shares of Stock issuable upon
settlement of the Award prior to the completion of any registration or
qualification of the shares of Stock under any local, state, federal or foreign
securities or exchange control law or under rulings or regulations of the U.S.
Securities and Exchange Commission (“SEC”) or of any other governmental
regulatory body, or prior to obtaining any approval or other clearance from any
local, state, federal or foreign governmental agency, which registration,
qualification or approval the Company shall, in its sole discretion, deem
necessary or advisable. Participant understands that the Company is under no
obligation to register or qualify the shares of Stock with the SEC or any local,
state, federal or foreign securities commission or to seek approval or clearance
from any governmental authority for the issuance or sale of the shares of Stock.
Further, Participant agrees that the Committee or its designee shall have
unilateral authority to amend the Plan and the Agreement without Participant’s
consent to the extent necessary to comply with securities or other laws
applicable to issuance of shares of Stock.

21. Participant acknowledges that a waiver by the Company of breach of any
provision of this Agreement shall not operate or be construed as a waiver of any
other provision of this Agreement, or of any subsequent breach by Participant or
any other participant.

22. Participant acknowledges that, depending on Participant’s country,
Participant may be subject to insider trading restrictions and/or market abuse
laws, which may affect Participant’s ability to acquire or sell shares of Stock
or rights to shares of Stock (e.g., Awards) under the Plan during such times as
Participant is considered to have “inside information” regarding the Company (as
defined by the laws in Participant’s country). Any restrictions under these laws
or regulations are separate from and in addition to any restrictions that may be
imposed under any applicable Company insider trading policy. Participant
acknowledges that it is Participant’s responsibility to comply with any
applicable restrictions, and Participant is advised to consult with
Participant’s own personal legal and financial advisors on this matter before
taking any action related to the Plan.

 

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23. To the extent applicable, all references to Participant shall include
Participant’s Beneficiary in the case of Participant’s death during or after
Participant’s Termination of Employment.

 

UNISYS CORPORATION

J. Edward Coleman

Chairman and Chief Executive Officer

 

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ONLINE ACCEPTANCE ACKNOWLEDGMENT:

I hereby accept my 2014 Restricted Stock Unit Award (“Award”) granted to me in
accordance with and subject to the terms of this agreement (together with
Appendix A and any applicable country-specific terms and provisions set forth in
the addendum and any attachments to the addendum (collectively, the “Addendum”),
the “Agreement”) and the terms and restrictions of the Unisys Corporation 2010
Long-Term Incentive and Equity Compensation Plan. I acknowledge that I have read
and understand the terms of this Agreement, and that I am familiar with and
understand the terms of the Unisys Corporation 2010 Long-Term Incentive and
Equity Compensation Plan, and that I agree to be bound thereby and by the
actions of the Compensation Committee and of the Board of Directors of Unisys
Corporation with respect thereto. I acknowledge that this Agreement and other
Award materials were delivered or made available to me electronically and I
hereby consent to the delivery of my Award materials, and any future materials
relating to my Award, in such form. I also acknowledge that I am accepting my
Award electronically and that such acceptance has the same force and effect as
if I had signed and returned to Unisys Corporation a hard copy of the Agreement
noting that I had accepted the Award. I acknowledge that I have been encouraged
to discuss this matter with my financial, legal and tax advisors and that this
acceptance is made knowingly.

OR

 

ONLINE REJECTION ACKNOWLEDGMENT:

I hereby reject my 2014 Restricted Stock Unit Award (“Award”) granted to me in
accordance with and subject to the terms of this agreement (together with
Appendix A and any applicable country-specific terms and provisions set forth in
the addendum and any attachments to the addendum (collectively, the “Addendum”),
the “Agreement”) and the terms and restrictions of the Unisys Corporation 2010
Long-Term Incentive and Equity Compensation Plan. I acknowledge that I have read
and understand the terms of this Agreement, and that I am familiar with and
understand the terms of the Unisys Corporation 2010 Long-Term Incentive and
Equity Compensation Plan. I acknowledge that this Agreement and other Award
materials were delivered or made available to me electronically and I hereby
consent to the delivery of my Award materials, and any future materials relating
to my Award, in such form. I also acknowledge that I am rejecting my Award
electronically and that such rejection has the same force and effect as if I had
signed and returned to Unisys Corporation a hard copy of the Agreement noting
that I had rejected the Award. I acknowledge that I have been encouraged to
discuss this matter with my financial, legal and tax advisors and that this
rejection is made knowingly. I further acknowledge that by rejecting the Award,
I will not be entitled to any payment or benefit in lieu of the Award.

 

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APPENDIX A

UNISYS CORPORATION

The Unisys Corporation 2010 Long-Term Incentive and Equity Compensation Plan

Restricted Stock Unit Agreement

Certain capitalized terms used but not defined in this Appendix A have the
meanings set forth in the Plan and/or Participant’s relevant Restricted Stock
Unit Agreement (together with Appendix A and any applicable country-specific
terms and provisions set forth in the addendum and any attachments to the
addendum (the “Addendum”), the “Agreement”).

All of the Restricted Stock Units granted under the Agreement are
Performance-Based Units.

The Restricted Stock Units will vest and will be payable in shares of Stock only
if 2014 financial performance goals established by the Compensation Committee of
the Board of Directors of the Company (“Performance Goals”) are achieved. 2014
Performance Goals1 consist of technology revenue and service operating margin
with each weighted 50%. Threshold, target and maximum performance levels have
been set for each goal. The Restricted Stock Units will be converted into shares
of Stock at rates ranging from 0.5 (if performance is at threshold level) to 1.0
(if performance is at target level) to 1.5 (if performance is at or above
maximum level) shares per Restricted Stock Unit granted. If the Company’s
performance with respect to a metric is below the threshold level, no shares of
Stock will be issued in respect of that performance measure, and the related
Restricted Stock Units will be cancelled. See the table below.

The targets listed below are Company Confidential and information regarding
actual performance against these targets may be deemed as material non-public
information as defined in the Company’s Insider Trading Policy.

 

               Vesting Metric       

Performance Period

   Vesting Dates    Performance Level    Technology
Revenue2      Service
Operating
Margin2,3      Conversion Rate
Applied to Units
Vesting Into
Shares of Stock4    The number of
shares earned will
vest  1⁄3 on each
anniversary of the
grant date    Below Threshold      < $500M         < 6.2% of Services revenue   
   0.0 shares per unit

2014

      Threshold      $500M         6.2% of Services revenue       0.5 share per
unit       Target      $563M         6.5% of Services revenue       1.0 share
per unit       Maximum      $580M         8.0% of Services revenue       1.5
shares per unit

 

1  The Performance Goals do not and are not intended to meet the requirements of
Section 162(m) of the Internal Revenue Code of 1986, as amended.

2  The performance metrics are subject to adjustment by the Chief Executive
Officer and the Compensation Committee of the Board for special items such as
acquisitions/divestitures, reorganizations, or accounting changes. Adjustments,
if any, will be timely communicated to participants. The Company will inform
Participants of achievement of results against these metrics following the end
of the Performance Period.

3  The measure generally is before certain incentive compensation accruals and
other special items such as acquisitions/divestitures, reorganizations, or
accounting changes.

4  Shares of Stock per unit ratios at Performance Goal levels between threshold
and target and between target and maximum will be interpolated on a
straight-line basis.

 

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