EXHIBIT 10.2


EXECUTION
COPY


CERIDIAN CORPORATION


Personal and Confidential


 


	
  Date:

  	
  March 8, 2007

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  To:

  	
  Douglas C. Neve

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  From:

  	
  Kathryn Marinello

  Kairus Tarapore

  	
   

  	
   

  



 


 


Subject:              Mutual
Termination Agreement


 


This
Mutual Termination Agreement (the “MTA”) will
confirm the agreement to mutually terminate the employment relationship between
Ceridian Corporation, on behalf of itself and its subsidiaries, affiliates,
directors, officers, successors, assigns, and agents (“Ceridian”)
and you.  In addition, and pursuant to Ceridian’s Corporate Governance
Policies and Guidelines, you have resigned as an officer of the Corporation
effective March 8, 2007 (the “Termination Date”).  For purposes of this Agreement, the term “Payment Date” shall mean any date
within five business days following satisfaction of the Release Conditions
(subject to paragraph 25 of this MTA). 
For purposes of this Agreement, the term “Release
Conditions” shall mean (a) your execution and delivery to
Ceridian of the Release attached as Exhibit A to this MTA (the “Release”) and (b) your
non-revocation of the Release during the fifteen calendar days following your
execution and delivery to Ceridian of the Release.


1.                                       Termination of Executive Employment Agreement


This
MTA shall constitute notice of termination of the Executive Employment
Agreement between you and Ceridian, dated March 14, 2005 (“EEA”)
pursuant to paragraphs 4.03(b) and 9.03 of the EEA.  The EEA and any other
written or verbal agreements between Ceridian and you, if any, are hereby
terminated and, except as expressly provided for in this MTA (including without
limitation, paragraphs 12 and 13 of this MTA), are of no further force or
effect; it being understood and agreed that specified provisions of the EEA
shall survive and be incorporated by reference into this MTA as provided
below.  By mutual agreement with
Ceridian, you hereby resign, effective as of the Termination Date, from your
positions as Executive Vice President and Chief Financial Officer of Ceridian,
and from all other positions you may currently hold as an officer or member of
the Board of Directors of any of Ceridian’s subsidiaries or affiliates.  You shall sign and deliver to Ceridian such
other documents as may reasonably be requested to reflect such resignations.













2.                                       Notice Payment


Pursuant to
paragraph 4.03(b) of the EEA, on the Payment Date, Ceridian will pay to you
$82,192, less applicable withholdings, such amount representing your base
salary through the 75 day notice period.


3.                                       Base Salary Payment


Pursuant
to paragraph 4.03(b) of the EEA, on the Payment Date, Ceridian shall pay to you
$850,000, less applicable withholdings, such amount representing two years’
base salary and annual perquisite cash adder, which amount includes severance,
if any, under the Ceridian Severance Plan.


4.                                       2007
Pro Rata Bonus


Pursuant
to paragraph 4.03(b) of the EEA, as soon as practicable following January 1,
2008, but in no event later than March 15, 2008, or, if earlier, upon the
occurrence of a change of control of Ceridian within the meaning of Section
409A (“Section 409A”)
of the Internal Revenue Code of 1986, as amended, Ceridian shall pay to you $106,667, less applicable withholdings, such
amount representing the “target” bonus, if any, to which you may
otherwise have become entitled under all applicable Ceridian annual bonus plans
in effect on the Termination Date had you remained continuously employed for
the full fiscal year in which the Termination Date occurred, multiplied by a
fraction, the numerator of which is the number of whole months you were
employed during the year in which the Termination Date occurs (providing credit
for the 75 day notice period referred to in paragraph 2 of this MTA) and the
denominator of which is 12.


5.                                       Outplacement


Pursuant
to paragraph 4.03(b) of the EEA, in accordance with your request and in full
satisfaction of the obligation to make arrangements for reasonable outplacement
services, on the Payment Date, Ceridian shall pay to you $20,000, less
applicable withholdings.


6.                                       Ceridian Stock Options and Restricted Stock


Options
to purchase shares of Ceridian common stock (“Stock
Options”),  shares of
Ceridian common stock subject to transfer restrictions (“Restricted
Shares”) and restricted stock units awarded to you by Ceridian
as an employee which have not yet vested (“Accelerated Equity”)
as of the Termination Date will vest in full upon the Termination Date; provided, however, that
(a) you may not exercise any Stock Options that comprise Accelerated Equity and
you may not sell or otherwise transfer any shares of Ceridian common stock that
constitute Accelerated Equity until the satisfaction of the Release Conditions
and (b) if the Release Conditions are not satisfied by March 24, 2007, you
agree to forfeit any such Accelerated Equity and return to Ceridian any amounts
realized on the sale of shares of Ceridian common stock underlying such
Accelerated Equity or any other disposition of the Accelerated Equity. 
Stock Options which are vested as of or upon the Termination Date must be
exercised within ninety (90) days of the Termination Date or they will be
forfeited.  Restricted Shares, when the restrictions are lifted, are
registered in your name at the Bank of New York.  Except as provided in
the first sentence of this paragraph 6, Ceridian will not restrict your right
to sell shares of Ceridian common stock following the Termination Date; provided, however, that you
agree not to sell shares of



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Ceridian
common stock in violation of the provisions of the federal securities laws,
including Rule 10b5-1 under the Securities Exchange Act of 1934.


7.                                       Ceridian Savings and Investment Plan (401(k))


Upon
the Termination Date, your active participation in the Ceridian Saving and
Investment Plan will cease and you will be eligible to receive benefits in
accordance with the terms and conditions of the Ceridian Savings and Investment
Plan.


8.                                       Deferred Compensation  


Upon
the Termination Date, your active participation in the Ceridian Deferred
Compensation Plan will cease.  You will be eligible to receive
distributions of vested account balances in the aggregate amount of $29,051.66
in accordance with the terms and conditions of the Ceridian Deferred
Compensation Plan, including applicable vesting and payment terms.  Unvested account balances as of the
Termination Date shall be forfeited.


9.                                       Benefits


a.                                          Long Term Care
Insurance


In
satisfaction of Ceridian’s obligations pursuant to paragraph 4.06(b) of the
EEA, Ceridian shall prepay all remaining premium payments under the long term
care insurance policy referenced in Section 4.06(b) of the EEA following
satisfaction of the Release Conditions.


b.                                         Personal Days Off


On
the Payment Date, Ceridian shall pay to you a lump sum payment of $30,788.46,
representing all accrued personal days off, subject to applicable withholding.


c.                                          Health and Dental
Coverage


The
health and dental coverage in which you and any dependents are currently
enrolled terminates on the last day of the month in which the Termination Date
occurs.  You will be eligible for
benefits pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) for up to eighteen months
following the Termination Date.  If you
elect COBRA benefit continuation in accordance with the immediately preceding
sentence, Ceridian will subsidize the COBRA payments until September 30, 2007
such that you will be required to pay no more for the above mentioned benefits
through September 30, 2007 than you would have been required to pay had you
continued to be an active employee of Ceridian through such period.  Your continued participation in any
healthcare plans of Ceridian in accordance with the terms hereof will run
simultaneously with, and therefore reduce, the eighteen month coverage
continuation period under COBRA.


d.                                         Life Insurance


All
of your company-paid, additional and dependent life insurance will
automatically terminate at midnight on the last day of the month in which the
Termination Date occurs.  You will be
eligible to continue life insurance at your expense in accordance with the
provisions of the applicable plan.



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e.                                          Other Insurance


Business Travel
Accident, Accidental Death and Dismemberment Insurance and short-term and
long-term disability provided by Ceridian shall terminate at midnight on the
Termination Date.


f.                                            Tax Reimbursement


The
terms and conditions of Section 7.04 of the EEA are incorporated by reference
into this MTA and shall remain in full force and effect and any capitalized
terms used in such Section 7.04 shall have the meanings ascribed to such terms
in the EEA.  In the event of a legal
dispute between you and Ceridian regarding the enforcement of Ceridian’s
obligations or the defense of your rights under Section 7.04 of the EEA, if you
ultimately prevail in any such legal dispute (following Ceridian’s exhaustion
of all permissible appeals or the expiration of any period during which to
appeal any such determination) you shall be entitled to recover from Ceridian
reasonable expenses for attorneys’ fees and disbursements incurred.


10.                                 Outstanding Obligations


You
agree that you will satisfy all outstanding obligations associated with your
employment with Ceridian, including, but not limited to, (a) return of any
Ceridian equipment, (b) completion of outstanding expense reports and
remittance of unused travel advances or travel advances employed for personal
use, and (c) payment of the balance of any personal charges on your Ceridian
credit card, no later than the tenth day following the Termination Date (or if
that day is not a business day, on the first business day thereafter).


11.                                 Pending and Threatened Litigation and Claims


Ceridian
currently is involved in litigation commenced by or on behalf of shareholders
and other third parties and is currently subject to an investigation by the
Securities and Exchange Commission (“SEC”), and
in the future may become involved in other lawsuits, arbitrations or other
dispute resolutions or be subjected to other claims (collectively, “Company Litigation”).  You may
be requested or subpoenaed to provide testimony to the SEC, or subpoenaed to
give deposition testimony or to testify at trial in Company Litigation. 
It also may be to Ceridian’s benefit to have you work with Ceridian in the
defense of Company Litigation.  Further, it is possible that you could be
named as a party-defendant in future litigation involving Ceridian.  In
view of these circumstances, you and Ceridian agree as follows:


a.                                          Cooperation


You
will make yourself reasonably available upon request to confer with Ceridian’s
senior executive officers and lawyers at mutually convenient times and places
during regular business hours for reasonable amounts of time regarding Company
Litigation.  You will also cooperate with
the SEC investigation.  Ceridian will
reimburse you for your reasonable travel expenses and costs incurred as a
result of your assistance under this Section 11(a).  In addition, Ceridian will pay you a fee of
$1,000 per day for each full business day in which you render services pursuant
to this Section 11(a), subject to reasonable pro-ration for partial business
days.



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b.                                         Indemnification
and Advancement of Expenses


Notwithstanding
your separation from Ceridian’s employment, with respect to events that
occurred during your tenure as an officer of Ceridian, you will be entitled, as
a former officer of Ceridian, to the same rights that are afforded to its
directors and senior executive officers now or in the future, to
indemnification and advancement of expenses pursuant to and as provided in the
Indemnification Agreement with you, in the Ceridian charter and bylaws and
under applicable law, and to coverage and a legal defense under any applicable
general liability and/or directors’ and officers’ liability insurance policies
maintained by Ceridian.


c.                                          Counsel


The
provisions of this paragraph c are subject to eligibility for indemnification
and advancement of expenses under paragraph b above.  Ceridian will
provide legal counsel at its expense to represent you in Company Litigation,
which legal counsel may be the same legal counsel that is representing Ceridian
at the same time (“Company Counsel”).  In
the unlikely event that a conflict or adversity develops between you and
Ceridian that would, under Rule 1.7 of the Minnesota Rules of Professional
Conduct, preclude the continued representation of you by Company Counsel in
Company Litigation, then you will have the right to withdraw from the
representation provided by Company Counsel and to select your own legal counsel
to continue to represent you in Company Litigation, in which event Ceridian will
reimburse you for the reasonable attorneys’ fees and costs that are charged by
your own legal counsel.  If such a
circumstance exists you consent to Company Counsel continuing to represent
Ceridian and other current and former officers and directors.  Notwithstanding any other provision of this
paragraph, you have the right to retain your own legal counsel, at your own
expense, to represent you in Company Litigation jointly with Company Counsel,
or to represent you in any other legal matters involving you and Ceridian.


12.                                 Confidentiality, Disclosure and Assignment


The
terms and conditions of Article V of the EEA, including without limitation,
paragraphs 5.01 and 5.02 of the EEA, are incorporated by reference into this
MTA and shall remain in full force and effect and are not altered by this MTA
and any capitalized terms used in such Article V shall have the meanings
ascribed to such terms in the EEA.  You
may retrieve and retain any information of a purely personal nature, including
your cell phone number and any purely personal data stored on any Ceridian
device; provided, however,
that such retrieval shall not interfere unreasonably with Ceridian’s
operations.


13.                                 Non-Competition/Non-Recruitment and
Non-Disparagement


The
terms and conditions of Article VI of the EEA, including without limitation
paragraphs 6.02, 6.03 and 6.04 of the EEA, are incorporated by reference into
this MTA and shall remain in full force and effect and are not altered by this
MTA and any capitalized terms used in such Article VI shall have the meanings
ascribed to such terms in the EEA.  For the avoidance of doubt, you agree
that the restrictive covenants set forth in Article VI of the EEA relating to
Non-Competition and Non-Recruitment shall apply to you until March 8, 2009.



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14.                                 No Adequate Remedy


We
each agree that it is impossible to measure in money the damages which would
accrue to either of us by reason of a failure to perform any of the obligations
under this MTA or the EEA and therefore injunctive judicial relief, in court,
is appropriate.  Therefore, if either party shall institute any action or
proceeding to enforce the provisions hereof, such party against whom such
action or proceeding is brought hereby waives the claim or defense that such
party has an adequate remedy at law.


15.                                 Successors and Assigns


This
MTA shall be binding upon and inure to the benefit of the successors and
assigns of Ceridian, whether by way of merger, consolidation, operation of law,
assignment, purchase or other acquisition.  This MTA shall not be assignable
by you.


If
you should die before all the payments required to be made to you by Ceridian
by this MTA have been made, then all remaining payments specified in such
paragraphs shall be made by Ceridian to your wife, if she is then living, or to
your estate, if she is not living.


16.                                 Governing Law


This
MTA shall be governed and construed in accordance with the laws of the State of
Minnesota, without giving effect to the conflicts of law principles thereof and
any and every legal proceeding arising out of or in connection with this MTA
shall be brought in the appropriate courts of the State of Minnesota, each of
the parties hereby consenting to the exclusive jurisdiction of said courts for
this purpose.


17.                                 Entire Agreement


This
MTA (including those sections of the EEA that are incorporated by reference
into this MTA) constitutes the entire understanding between you and Ceridian,
and supersedes all prior discussions, representations, and negotiations with
respect to the matters herein relating to your termination.  You will not be entitled to any additional
compensation or benefits from Ceridian or its subsidiaries or affiliates,
except as provided in this MTA, including with respect to those items described
in paragraphs 7, 8 and 19 of this MTA.


18.                                 Representations


You acknowledge that you are not aware of any
violations or possible violations of Ceridian’s Code of Conduct by any person
that have not been addressed and resolved. 
You are not aware of any
prior certifications provided by you with respect to any of Ceridian’s SEC
filings that are untrue in any material respect.


19.                                 Waiver of Other Payments and Benefits;
Acknowledgment


The compensation and benefits arrangements set forth in this MTA are in
lieu of any rights or claims that you may have with respect to severance or
other benefits, or any other form of remuneration from Ceridian or any of its
subsidiaries or affiliates, other than benefits under any tax-qualified
employee pension benefit plans subject to the Employee Retirement Income
Security Act of 1974, as amended (including Ceridian’s 401(k) plan), and
without



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limiting the generality of the foregoing, you hereby expressly waive
any right or claim that you may have or could assert to payment for salary,
bonuses, medical, dental or hospitalization benefits, payments under
supplemental retirement plans and incentive plans, life insurance benefits,
expenses and attorneys’ fees, except as otherwise provided in this MTA or as
mandated under applicable law.  You agree
that the payment of the amounts set forth in this MTA is in consideration of
your obligations under this MTA.  Without
limiting any other remedies available to Ceridian, Ceridian shall be entitled
to withhold any unpaid portion of payments contemplated by this MTA if you fail
to comply in any material respect with any of the material terms of this MTA;
it being understood that in the event that Ceridian withholds any payments
pursuant to this sentence and you challenge such withholding pursuant to
paragraph 16 of this MTA, Ceridian may ultimately withhold such amounts only to
the extent of any damages finally determined pursuant to paragraph 16 of this
MTA.  Ceridian acknowledges that the
amounts due to you under Ceridian’s 401(k) plan and any amounts due to you
under applicable law do not constitute consideration for the Release, and you
acknowledge that the payments and benefits contemplated by paragraphs 2 through
6 and paragraphs 9(a), (c) and (f) of this MTA do constitute consideration for
the Release.


20.          Public Statements


The
parties agree that the Executive’s termination of employment will be announced
by the statement attached hereto as Exhibit B, and no subsequent comments shall
be made to the media or through other public statements by any party hereto or
any of their respective representatives regarding your termination of
employment that are inconsistent with such statement, except as may be required
by applicable law or regulation.  Neither
Ceridian, nor its chief executive officer or directors, will make disparaging
statements, in any form, about you which any such party knows, or has reason to
believe, are false or misleading.


21.          Tax Withholding.  


Notwithstanding any other provision of this MTA, Ceridian may withhold
from any amounts payable under this MTA, or any other benefits received
pursuant hereto, such Federal, state and/or local taxes as shall be required to
be withheld under any applicable law or regulation.


22.          Notices


All notices, requests and demands given to or made pursuant hereto
shall, except as otherwise specified herein, be in writing and be delivered or
mailed to any such party at its address:


(a)  If to Cerdian:


Ceridian Corporation


3311 East Old Shakopee Road


Minneapolis, Minnesota
55425-1640


Attention:  Office of General
Counsel



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(b)
If to you:


Douglas C. Neve


10797 Purdey Road


Eden
Prairie, MN 55347


Either party may, by notice hereunder, designate a changed
address.  Any notice, if mailed properly
addressed, postage prepaid, registered or certified mail, shall be deemed
dispatched on the registered date or that stamped on the certified mail
receipt, and shall be deemed received within the second business day thereafter
or when it is actually received, whichever is sooner.


23.          Waivers.


No
failure on the part of either party to exercise, and no delay in exercising,
any right or remedy hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise of any right or remedy hereunder preclude any other
or further exercise thereof or the exercise of any other right or remedy
granted hereby or by any related document or by law.


24.          Modification.


No supplement,
modification, or amendment of this MTA shall be binding unless executed in
writing by both you and Ceridian.


25.          409A


If
any compensation or benefits provided by this MTA would reasonably be expected
to result in the application of Section 409A, Ceridian shall, in consultation
with you, modify this MTA in the least restrictive manner necessary in order
to, where applicable, (a) exclude such compensation from the definition of “deferred
compensation” within the meaning of such Section 409A or (b) comply with the
provisions of Section 409A and/or any rules, regulations or other regulatory
guidance issued under Section 409A.


26.          Release


You agree and
acknowledge that your receipt of each and every payment and each and every
benefit described in this MTA is conditioned upon satisfaction of the Release
Conditions.


[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]


 



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  CERIDIAN CORPORATION

  	
   

  	
   

  	
  DOUGLAS C. NEVE

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Gary M. Nelson

  	
   

  	
  /s/ Douglas C.
  Neve

  	
   

  
	
   

  	
  Gary M. Nelson

  	
   

  	
   

  	
   

  	
   

  
	
  Its:

  	
  Executive Vice President,

  CAO, General

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Counsel and Corporate

  Secretary

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  As of 3/8/07

  	
   

  	
  Date:

  	
  As of 3/8/07

  	
   

  	
   

  
								



 
















 


Exhibit A


RELEASE


Reference is made to the Mutual Termination Agreement,
dated March 8, 2007, between Ceridian Corporation and me (the “Mutual Termination Agreement”).  I, Douglas C. Neve, on behalf of myself, and
all other persons claiming through me, in consideration of the payments under
the Mutual Termination Agreement, subject to appropriate withholding, which
includes compensation to which I would not otherwise be entitled, do, except as
specifically provided below, hereby fully and completely release and waive any
and all claims, complaints, causes of action or demands of whatever kind which
I have or may have against Ceridian Corporation, its predecessors, successors,
subsidiaries and affiliates and all past and present members of the Board of
Directors, officers, employees and agents of those persons and companies
(collectively, “Ceridian”) arising out of any
actions, conduct, decisions, behavior or events occurring up to the date of my
execution of this Release.


I understand and accept that this Release specifically
covers but is not limited to any and all claims, complaints, causes of action
or demands which I have or may have against the above-referenced released
parties relating in any way to the terms, conditions and circumstances of my
employment up to the date of my signature below, any form of employment
discrimination prohibited under any state’s human rights act, Title VII of the
Federal Civil Rights Act of 1964 and the Federal Age Discrimination in
Employment Act.  I further understand that this Release extends to but is
not limited to all claims which I may have based on statutory or common law
claims for negligence or other breach of duty, wrongful discharge, breach of
contract, breach of any express or implied promise, misrepresentation, fraud,
retaliation, breach of public policy, infliction of emotional distress,
defamation, promissory estoppel, failure to pay wages or any other theory,
whether legal or equitable. Notwithstanding the foregoing, I do not waive my
rights to (i) enforce the performance by Ceridian of its obligations under the
Mutual Termination Agreement (including, without limitation, the obligation to
make the payments and provide the benefits described in the Mutual Termination
Agreement), (ii) any pension or other employee benefits payable pursuant to the
terms of the applicable plans of Ceridian or any affiliate, which benefits
shall be paid or provided in accordance with the terms of such plans or (iii)
indemnification from Ceridian with respect to my service with Ceridian, whether
provided pursuant to Ceridian’s bylaws or otherwise.


Nothing contained herein, however, shall be construed
to prohibit me from filing a charge with the Equal Employment Opportunity
Commission, but my release includes a release of my right to file a court
action or to seek individual remedies or damages in any Equal Employment
Opportunity Commission-filed court action, and my release of these rights shall
apply with full force and effect to any proceedings arising from or relating to
such a charge.


I agree that my only remedy for any dispute I have
about the enforceability of this Release shall be to submit that dispute to
final and binding arbitration in accordance with the rules of the American
Arbitration Association.  Ceridian and I agree that I must send written
notice of any claim to Ceridian by certified mail, return receipt
requested.  Written notice to Ceridian shall be sent to its Secretary at
3311 East Old Shakopee Road, Minneapolis, MN 55425-1640.



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I understand that I may rescind this Release if I do
so in writing, delivered by certified mail, return receipt requested, to Office
of the General Counsel, Ceridian Corporation, 3311 East Old Shakopee Road,
Minneapolis, MN 55425-1640, within fifteen (15) calendar days of the date of my
signature below.  Upon the expiration of fifteen (15) calendar days from
the date indicated below, if I have not rescinded this Release, then Ceridian
Corporation shall promptly deliver to me the above-referenced payments
contemplated by the Mutual Termination Agreement, subject to appropriate
withholding, this Release being contingent upon payment of those amounts.


If sent
by mail, the rescission must be:


·              Postmarked
within the 15 calendar-day period;


·              Properly
addressed to Ceridian; and


·              Sent by certified mail, return
receipt requested.


By my signature below, I acknowledge that I fully
understand and accept the terms of this Release, and I represent and agree that
my signature is freely, voluntarily and knowingly given.  I have had 21
days in which to consider this agreement, and to the extent I execute this
agreement before the expiration of the twenty-one day period, I do so knowingly
and voluntarily and only after consulting with my attorney.  By my
signature below, I further acknowledge that I have been provided a full
opportunity to review and reflect on the terms of this Release and to seek the
advice of legal counsel of my choice, which advice I have been encouraged to
obtain.


If I do not execute this Release within 30 days after
I receive it, the offer Ceridian has made for a payment herein is null and
void.


 


	
  

  	
   

  	
  DOUGLAS C. NEVE

  
	
   

  	
   

  	
   

  	
   

  	 

	
  Date:

  	
  March 8, 2007

  	
   

  	
  /s/ Douglas C.
  Neve                   

  	
   

  	
   

  	 

							



 



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Exhibit
B


CERIDIAN ANNOUNCES DEPARTURE OF


DOUGLAS C. NEVE AS
CHIEF FINANCIAL OFFICER


MINNEAPOLIS, March [XX],
2007 — Ceridian Corporation (NYSE: CEN) today announced that it has reached a
mutual agreement with Douglas C. Neve, the Company’s Chief Financial Officer,
with respect to his departure from the Company, effective immediately.


“Doug has been a valued
member of the senior management team and we thank him for his significant
contributions to Ceridian over the past few years,” said Kathryn V. Marinello,
President and Chief Executive Officer of Ceridian.  “All of us wish Doug the best in his future
endeavors.”


Mr. Neve joined Ceridian
as Chief Financial Officer in 2004, and previously served as a Senior Audit
Partner with Deloitte & Touche LLP.


About Ceridian


Ceridian Corporation
(www.ceridian.com) is an information services company serving businesses and
employees in the United States, Canada and Europe. Ceridian is one of the top
human resources outsourcing companies in each of its markets, and offers a
broad range of human resource services, including payroll, benefits
administration, tax compliance, HR information systems and Employee Assistance
Program (EAP) and work-life solutions. Through its Comdata subsidiary, Ceridian
is a major payment processor and issuer of credit cards, debit cards and stored
value cards, primarily for the trucking and retail industries in the United
States.


CONTACTS:


Media Relations:


Pete Stoddart


Ceridian
Corporation


952-853-4278


Investor
Relations:


Craig Manson


Ceridian Corporation


952-853-6022