exv10w6






Exhibit 10.6




	 	 	 
	

	 	*201*
Page 1 of 11 12/08/06







Managing Director Agreement




MANAGING DIRECTOR AGREEMENT



This Agreement (“Agreement”) is between BearingPoint, Inc. (“BearingPoint”) and Eddie R.
Munson (“You” and all similar references) dated July 1, 2008, to be effective as of June 4,
2008 (the “Effective Date”):



1. Employment/Exclusive Services. You accept employment as of the Effective Date on
the terms and
conditions of this Agreement. You agree to: (a) devote your professional time and best effort
to BearingPoint’s
business and to refrain from professional practice other than on BearingPoint’s behalf; (b)
perform all assigned
work faithfully and to the best of your ability at such times and places as BearingPoint
designates; (c) abide by
all policies of BearingPoint, current and future, including the EEO policy attached as
Exhibit A, and the Anti-Harassment policy attached as Exhibit B; (d) comply with the
Confidentiality and Intellectual Property Agreement attached as Exhibit C; and (e) abide by
the terms of the Consent Form, concerning personal data, attached as Exhibit D. By
executing this Agreement, you represent and confirm that you are not bound by any covenant
restricting you from being employed at BearingPoint or from performing your duties under
this Agreement.



2. Compensation and Benefits. As of the Effective Date, BearingPoint will pay you a
base salary, less withholding and deductions, payable in accordance with BearingPoint’s normal
payroll practices. From time to time, BearingPoint may adjust your salary and other
compensation in its discretion. During your employment, you will be eligible to participate in
employee compensation or benefit plans (including group medical and 401(k)) and to receive
other fringe benefits that BearingPoint makes generally available to employees in your
position. BearingPoint may amend or discontinue any of its plans, programs, policies and
procedures at any time for any or no reason with or without notice.



3. Duty of Loyalty. You acknowledge and agree that you owe a fiduciary duty of
loyalty, fidelity and allegiance to act at all times in the best interests of BearingPoint and
to do no act that would injure the business, interests, or reputation of BearingPoint. You
understand and agree that you will not divert business from BearingPoint, prepare for a future
competitive venture or engage in self-dealing while in BearingPoint’s employ. In keeping with
these duties, you shall make full disclosure to BearingPoint of all business opportunities
pertaining to BearingPoint’s business and shall not appropriate for your future benefit
business opportunities of BearingPoint.



4. Conflicts of Interest. You understand and agree that any direct or indirect
interest in, connection with, or benefit from any outside activities, particularly commercial
or consulting activities, which interest might in any way adversely affect BearingPoint,
involves a possible conflict of interest. Consistent with your fiduciary duties to
BearingPoint, you agree that you shall not knowingly become involved in a conflict of interest
with BearingPoint or upon discovery of such a conflict, permit it to continue. You also agree
to disclose promptly to BearingPoint’s Chief Legal Officer any facts which might involve such
a conflict of interest that has not been approved by BearingPoint’s Board of Directors.



5. Non-Disclosure. To assist you in performing your duties, BearingPoint agrees to
provide you special training regarding its business methods and access to certain confidential
and proprietary information and materials belonging to BearingPoint and to third parties,
including its Clients and Prospective Clients who have furnished information to BearingPoint.
You will be entrusted with business opportunities of BearingPoint and placed in a position to
use and develop business goodwill on BearingPoint’s behalf. You agree that all of this
non-public information, including the identities of BearingPoint’s Clients and Prospective
Clients and their key decision makers or other client or prospect lists, is “Proprietary
Information” as defined in Exhibit C. In keeping with the obligations imposed by Exhibit C, you
agree that you will not, at any time during or after your




 









 








			
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employment at BearingPoint, make any unauthorized disclosure of BearingPoint’s Proprietary
Information to any third party or otherwise use such Proprietary Information to BearingPoint’s
competitive disadvantage.



6. Termination and Resignation.




     (a) Your employment is terminable at will and may be terminated with or without cause and
effective immediately upon written notice to your address on BearingPoint’s records. Upon
termination by BearingPoint and subject to the terms and conditions of this Agreement, you will be
entitled to all earned and unpaid base salary and any accrued but unused personal days through
your termination date.



     (b) You may voluntarily terminate your employment with BearingPoint upon 3 months prior
written notice directed to BearingPoint’s Chief Executive Officer (“CEO”).



     (c) You agree to provide all assistance requested by BearingPoint in transitioning your
duties, responsibilities and Client and other BearingPoint relationships to other BearingPoint
personnel, both during your employment and after your termination or resignation. You understand
and agree that all announcements or other communications regarding your termination or departure
from BearingPoint and the transition of your work shall be made and handled exclusively by
BearingPoint.


7. Certain Definitions.




     “Cause” means any of the following conduct by you: (I) embezzlement or misappropriation of
corporate funds; (II) breach of fiduciary duty or other material acts of dishonesty; (III)
conviction of, or plea of guilty or nolo contendere to, any felony or misdemeanor involving moral
turpitude; (IV) engaging in conduct that you know or should know could harm the business or
reputation of BearingPoint; (IV) material failure to adhere to BearingPoint’s corporate codes,
policies or procedures; (V) continued failure to meet performance standards as determined by
BearingPoint over two consecutive performance review periods; (VI) a breach or threatened breach
of any provision of Sections 1(d), 3, 4, 5 or Exhibit C, or a material breach of any other
provision of this Agreement if the breach is not cured to BearingPoint’s satisfaction within a
reasonable period after BearingPoint provides you with notice (to your address on BearingPoint’s
records) of the breach (no notice and cure period is required if the breach cannot be cured); or
(VII) violation of any statutory, contractual, or common law duty or obligation to BearingPoint,
including without limitation the duty of loyalty.



     “Client” means any person, firm, corporation, partnership, association or other entity that
is or was a client of BearingPoint and with which you had direct or indirect contact by virtue of
and in the course of your employment with BearingPoint or with respect to which you possess
information that is proprietary or confidential to BearingPoint or the client.



     “Prospective Client” means any person, firm, corporation, partnership, association or other
entity that is not a Client but with respect to whom, within 1 year before your termination or
resignation, you: (I) conducted, prepared or submitted, or assisted in conducting, preparing or
submitting, any proposal or client development or marketing efforts on behalf of BearingPoint
(which includes any subsidiary of BearingPoint throughout this definition), or a related or
affiliated entity, (II) had contact with, knowledge of, or access to Proprietary Information or
other information concerning the prospective client, in connection with your BearingPoint
employment; or (III) dealt with while the person was employed by a Client but who has since
changed employers or become employed by a non-Client firm, corporation, partnership, association
or other entity in a business decision making role.



     “BearingPoint” as used throughout this Agreement means BearingPoint, Inc. and includes any
successor to, and/or subsidiary or related or affiliated entity of BearingPoint, Inc. with which
you become employed or associated.



 









 





			
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8. Mediation and Arbitration. The parties agree that any and all legally cognizable
disputes, claims or
controversies arising out of or relating to this Agreement or causes of action arising from your
employment or
termination therefrom (including individual or collective claims for employment discrimination,
harassment,
retaliation, wrongful termination, or violations of Title VII, ADEA, ADA, FMLA, FLSA or ERISA or
other federal,
state, foreign or local law) shall be submitted to JAMS, or its successor, for mediation, and if
the matter is not
resolved through mediation, then it shall be submitted to JAMS, or its successor, for final and
binding arbitration
in Virginia before one arbitrator. Mediation may be commenced by providing JAMS and the other
party a written
request for mediation, setting forth the subject of the dispute and the relief requested.
Arbitration with respect to
the matters submitted to mediation may be initiated by filing a written demand for arbitration at
any time
following the first mediation session or 45 days after the date of filing the written request for
mediation,
whichever occurs first. Either party may seek equitable relief prior to the mediation or
arbitration to preserve the
status quo or to seek relief under Sections 3, 4, 5 and/or Exhibit C of this Agreement. Unless
otherwise agreed
by the parties, the mediator shall be disqualified from serving as arbitrator. The arbitration
shall be administered
by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures. Judgment on the Award may
be
entered in any court having jurisdiction. The arbitrator may, in the Award, allocate all or part
of the costs of the
arbitration, including the fees of the arbitrator and the reasonable attorneys’ fees of the
prevailing party.



9. Survival. Sections 1(d), 2 through 15, and Exhibits C and D shall survive any
termination of this Agreement
or your employment (including your resignation).



10.
Entire Agreement. This Agreement is the entire agreement between you and BearingPoint
regarding these matters and supersedes any verbal and written agreements on such matters. In the
event of a conflict between the main body of this Agreement and the Exhibits, the main body of the
Agreement shall control. This Agreement may be modified only by written agreement signed by you
and the CEO or his or her designee. All Section headings are for convenience only and do not
modify or restrict any of this Agreement’s terms.



11. Choice of Law. This Agreement shall be governed by the laws of the Commonwealth of
Virginia without regard to its conflicts of law principles. You and BearingPoint consent to the
jurisdiction and venue of any state or federal court in the Commonwealth of Virginia and agree
that any permitted lawsuit may be brought to such courts or other court of competent jurisdiction.
Each party hereby waives, releases and agrees not to assert, and agrees to cause its affiliates to
waive, release and not assert, any rights such party or its affiliates may have under any foreign
law or regulation that would be inconsistent with the terms of this Agreement as governed by
Virginia law.



12. Waiver. Any party’s waiver of any other party’s breach of any provision of this
Agreement shall not waive any other right or any future breaches of the same or any other
provision.



13. Severability. If any provision of this Agreement is held invalid or unenforceable for
any reason, the invalidity shall not affect or nullify the validity of the remaining provisions of
this Agreement. If any provision of this Agreement is determined to be overly broad in duration,
geographical coverage or scope, or unenforceable or unreasonable for any other reason, the parties
intend for the restriction to be modified or reformed so as to be reasonable and enforceable and,
as so modified, to be fully enforced.



14. Assignment and Beneficiaries. This Agreement only benefits and is binding on the
parties and their respective affiliates, successors and permitted assigns provided that you may not
assign your rights or duties under this Agreement without the express prior written consent with
the other parties. BearingPoint may assign any rights or duties that it has, in whole or in part,
to other affiliated or subsidiary entities or to any person which becomes a successor in interest
(by purchase of assets or stock, or by merger or otherwise) to BearingPoint without your consent.




 









 








			
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15. Counterparts. For convenience of the parties, this Agreement may be executed in one or
more counterparts, each of which shall be deemed an original for all purposes.



The parties state that they have read, understood and agree to be bound by this Agreement and that
they have had the opportunity to seek the advice of legal counsel before signing it and have either
sought such counsel or have voluntarily decided not to do so:




	 	 	 	 	 	 	 	 	 	 	 	 	 
	BEARINGPOINT, INC.	 	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ F. Edwin Harbach	 	 	 	/s/ Eddie R. Munson	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	(Signature)	 	 
	 	 	Title:	 	CEO	 	 	 	Eddie R. Munson	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	(Print Employee’s Full Name)	 	 
	Dated:
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	(Employee’s ID)	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Dated:
	 	July 1, 2008