Exhibit 10.10

2007 Director Restricted Stock Unit Grant Statement

2006 NCR Stock Incentive Plan

 

Name of Grantee   Soc. Sec. #   Grant Date  

No. of Restricted Stock

Units

 

 

You have been awarded the above number of restricted stock units (the “Stock
Units”) under the 2006 Stock Incentive Plan (the “Plan”) of NCR Corporation
(“NCR”), subject to the terms and conditions of this 2007 Director Restricted
Stock Unit Grant Statement (this “Statement”) and the Plan.

1. The Stock Units will vest during the one (1) year period beginning on the
date upon which you were granted the Stock Units (the “Grant Date”), in four
(4) equal quarterly installments commencing three (3) months after the Grant
Date, provided that you continuously serve as a Director of NCR until each
quarterly vesting date. Notwithstanding the foregoing, if the Grant Date of your
Stock Units is the date of an Annual Meeting of Stockholders, then, the fourth
quarterly vesting will occur only if you continue to serve as a Director until
the earlier of (a) the next Annual Meeting of Stockholders following the Grant
Date, or (b) the first (1st) anniversary of the Grant Date.

2. The Stock Units will become fully vested if, prior to the one (1) year
anniversary of the Grant Date, you die at a time while serving as a Director of
NCR.

3. The vesting schedule will accelerate and the Stock Units will become fully
vested if (1) a Change in Control (as defined in Section 10(b) of the Plan)
occurs, and (2) you cease to serve as a Director of NCR within twenty-four
(24) months of the effective date of the Change in Control for any reason other
than your willful engaging in illegal conduct or gross misconduct, as determined
by the affirmative vote of a majority of the entire membership of the Board of
Directors of NCR.

4. When vested, the Stock Units will be paid to you in shares of NCR common
stock, such that one Stock Unit equals one share of NCR common stock.

5. Any cash dividends declared before your Vesting Dates on the shares
underlying the Stock Units shall not be paid currently, but shall be converted
to additional Stock Units, based on the fair market value of NCR common stock on
the date the dividend is declared. Any Stock Units resulting from such
conversion will be considered Stock Units for purposes of this Statement and
will be subject to all of the terms, conditions and restrictions set forth
herein.

6. You may designate one or more beneficiaries to receive all or part of any
shares underlying the Stock Units to be distributed in case of your death, and
you may change or revoke such designation at any time. In the event of your
death, any shares underlying the Stock Units distributable hereunder that are
subject to such a designation will be distributed to such beneficiary or
beneficiaries

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in accordance with this Statement. Any other shares underlying the Stock Units
not designated by you will be distributable to your estate. If there shall be
any question as to the legal right of any beneficiary to receive a distribution
hereunder, the shares underlying the Stock Units in question may be transferred
to your estate, in which event NCR will have no further liability to anyone with
respect to such shares.

7. The terms of this award of Stock Units as evidenced by this Statement may be
amended by the NCR Board of Directors or the Compensation Committee of the NCR
Board of Directors, provided that no such amendment shall impair your rights
hereunder without your consent.

8. In the event of a conflict between the terms and conditions of this Statement
and the terms and conditions of the Plan, the terms and conditions of the Plan
shall prevail.