Document:

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EXHIBIT 10.15   EXECUTIVE BONUS PLAN

AMERICAN ENVIRONMENTAL ENERGY, INC.
EXECUTIVE BONUS PLAN

1. PURPOSE. The purpose of this Plan is to provide for bonuses to motivate and
reward eligible key executives who through industry, ability and exceptional
service, contribute materially to the success of the Company.

2. DEFINITIONS. When used herein the following terms shall have the following
meanings:

(a) "Affiliate" means, with respect to the Company, any company or other trade
or business that controls, is controlled by or is under common control with the
Company within the meaning of Rule 405 of Regulation C under the Securities Act
of 1933, as now in effect or as hereafter amended, including, without
limitation, any subsidiary.

(b) "Beneficiary" means the beneficiary or beneficiaries designated by a
Participant pursuant to paragraph 5 below to receive the amount, if any, payable
under the Plan upon the death of the Participant.

(c) "Board of Directors" means the Board of Directors of the Company.

(d) "CEO" means the Chief Executive Officer of the Company as appointed from
time to time. If no CEO has been appointed, then CEO shall mean the most senior
executive officer.

(f) "Code" means the Internal Revenue Code of 1986, as now in effect or as
hereafter amended.

(g) "Company" means American Environmental Energy, Inc., a Nevada corporation.

(h) "Committee" means the Compensation Committee of the Board of Directors
comprised solely of two outside directors. If no Committee is established,
Committee shall mean the entire Board of Directors. Non-Employee Members of the
Committee are not eligible to participate in the Plan.

(i) "Covered Employee" means a Participant who is a Covered Employee within the
meaning of Section 162(m)(3) of the Code.

(j) "Effective Date" means May 14, 2009.

(k) "Employee" or "Eligible Employee" means an employee who is employed by the
Company or its Affiliate at the end of the Plan Year and who has been designated
by the CEO as eligible to receive awards hereunder; provided, however, that if
in the judgment of the CEO an Employee has made an outstanding contribution to
the Company, the Employee or the Employee's Beneficiary may receive a pro rata
bonus award notwithstanding the fact that Employee's employment terminated
before the end of the Plan Year.

 (l) "Participant" means any Eligible Employee who has been awarded a bonus
under paragraph 3 below.

(m) "Performance Goal" means a performance goal based on business criteria
established by the Committee in accordance with paragraph 3.

(n) "Plan" means this bonus plan for key executives of the Company as the same
may be amended from time to time.

(o) "Plan Administrator" means the CEO, or the Committee may designate to
administer the Plan with regard to Employees who are not officers of the
Company.

 (p) "Plan Year" means the fiscal year of the Company commencing with the fiscal
year ending December 31, 2009.

3. AMOUNT OF BONUS FUND AND ALLOCATION THEREOF.

(b) Amount of Fund. The amount of the fund shall be determined annually within
90 days after the end of the Plan Year and shall be promptly distributed to the
Employees, as determined below. The amount of the bonus fund available for
bonuses for any Plan Year shall be equal to the sum of:

1. Two percent (2%) of the equity capital or long term debt received by the
Company during the Plan Year up to $10,000,000; one and a one-half percent
(1.5%) of the equity capital or long term debt received by the Company in excess
of $10,000,000 but less than $50,000,000; and one percent (1%) of the equity
capital or long term debt received by the Company on amounts over $50,000,000;
and

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2. Identical allocation and criterion as in 1 above, applied to the
transactional value of any mergers or acquisitions consummated during that bonus
pool year; (provided that capital or debt used to consummate mergers and
acquisitions shall not be taken into effect with respect to the same transaction
more than once in any Plan Year); and

3. An allocation of between five percent (5%) and ten percent (10%) of the
equity allocated in formation of any subsidiary or venture, for which a spinoff
is, contemplated on either a public or private methodology; and

4. Up to five percent (5%) of annual pre-tax income of the Company.

(b) Allocation. The CEO shall determine in his sole discretion the allocation of
individual bonus awards for Eligible Employees by adopting an Appendix to the
Plan establishing each Eligible Employee's allocation of the bonus fund and the
relevant Performance Goals and business criteria for each Eligible Employee. Any
such allocation of bonus awards shall comply with paragraph 3(d).

(c) Adjustments. Performance Goals shall be subject to such adjustments as
determined by the CEO to be appropriate (i) in conjunction with an acquisition
by the Company or an Affiliate, (ii) in conjunction with any share offering by
the Company or (iii) for changes in accounting principles and/or other items
that are required by generally accepted accounting principles ("GAAP") to be
separately disclosed in the Company's or each Affiliate's financial statements.

(d) Covered Employees.

(i) If and to the extent that the CEO determines that a bonus to be granted
under the Plan to a Participant who is designated by the CEO as likely to be a
Covered Employee should qualify as "performance-based compensation" for purposes
of Code Section 162(m), the grant, exercise and/or settlement of such award
shall be contingent upon achievement of Performance Goals determined by the
Committee.

 (ii) In the case of bonuses granted to Covered Employees under this paragraph
3(d), Performance Goals shall be established not later than 90 days after the
beginning of any performance period applicable to the bonus, or at such other
date as may be required or permitted for "performance-based compensation" under
Code Section 162(m). In addition, the maximum value of a bonus awarded under the
Plan to a single Covered Employee may not exceed the greater of $1,000,000 or
three time such Employee's annual salary per Plan Year, without approval of the
Committee.

 (iii) Prior to payment of any bonus amount under the Plan to a Covered
Employee, the CEO shall certify in writing that the Performance Goal(s) and all
other material terms stated herein have been attained. For this purpose, the
approved minutes of a Committee meeting in which a certification is made shall
be treated as a written certification.

4. PAYMENT OF AWARDS.

(a) Payment of Participants' Awards. Settlement of bonuses awarded under the
Plan shall be in cash.

(b) Reduction of Bonuses. The CEO may, in its discretion, reduce the amount of a
settlement otherwise to be made in connection with a bonus based on the
performance of the Employee.

(c) Forfeiture of Bonuses. The CEO shall specify the circumstances in which a
bonus awarded under the Plan shall be paid or forfeited in the event of
termination of employment by the Participant prior to the end of a Plan Year or
settlement of the bonus. An approved leave of absence shall not be considered a
termination of employment for purposes of eligibility to receive bonuses under
the Plan.

5. DESIGNATION OF BENEFICIARIES. Each Participant shall file with the Plan
Administrator a written designation of one or more persons as the Beneficiary
who shall be entitled to receive the amount, if any, payable under the Plan upon
his or her death. A Participant may, from time to time, revoke or change his
Beneficiary designation without the consent of any prior Beneficiary by filing a
new designation with the Plan Administrator. The last such designation received
by the Plan Administrator shall be controlling; provided, however, that no
designation, or change or revocation thereof, shall be effective unless received
by the Plan Administrator prior to the Participant's death, and in no event
shall it be effective as of a date prior to such receipt.

6. ADMINISTRATION.

(a) The CEO shall have full power and authority to construe, interpret and
administer the Plan. All decisions, actions or interpretations by the CEO shall
be final, conclusive and binding upon all parties; provided that the Board of
Directors may revise, suspend or supersede any allocation or payment. If any
person objects to any such decision, action or interpretation, formally or
informally, the expenses of the CEO and his agents and counsel shall be
chargeable against any amounts due the Participant under the Plan.

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(b) To the maximum extent permitted by applicable law, the CEO and current and
past members of the Board of Directors or Committee shall be indemnified and
held harmless by the Company against and from any and all loss, cost, liability
or expense that may be imposed upon or reasonably incurred by such member in
connection with or resulting from any claim, action, suit or proceeding to which
such member may be or become a party or in which such member may be or become
involved by reason of any action taken or failure to act under this Plan and
against and from any and all amounts paid by such member in settlement thereof
(with the Company's written approval) or paid by such member in satisfaction of
a judgment in any such action, suit or proceeding, except a judgment in favor of
the Company based upon a finding of such member's lack of good faith.
Indemnification pursuant to this provision is subject to the condition that,
upon the institution of any claim, action, suit, or proceeding against such
member, such member shall in writing give the Company an opportunity, at its
own expense, to handle and defend the same before such member undertakes to
handle and defend it on such member's behalf. The foregoing right of
indemnification shall not be exclusive of any other right to which such member
may be entitled as a matter of law or otherwise, or any power that the Company
may have to indemnify or hold such member harmless.

7. AMENDMENT OR TERMINATION.

(a) The CEO, subject to Board approval, reserves the right at any time to amend,
suspend, or terminate the Plan in whole or in part and for any reason and
without the consent of any Participant or Beneficiary.

(b) Notwithstanding paragraph 7(b), no modification of the Plan by the CEO
without approval of the Board of Directors will materially increase the maximum
amount allocated to a Covered Employee or render any member of the Committee
eligible for a bonus award.

8. GENERAL LIMITATIONS AND PROVISIONS.

(a) The Company or its Affiliate, as the case may be, shall have the right to
deduct from payments of any kind otherwise due to a Participant any federal,
state, or local taxes of any kind required by law to be withheld with respect to
the vesting of or other lapse of restrictions applicable to a bonus awarded
hereunder.

(b) Nothing contained in the Plan shall give any Employee the right to be
retained in the employment of the Company or affect the right of the Company to
dismiss or terminate or modify the compensation or benefits of any Employee. The
adoption of the Plan shall not constitute a contract between the Company and any
Employee. No Employee shall receive any right to be granted an award hereunder
nor shall any such award be considered as compensation under any employee
benefit plan of the Company except as otherwise determined by the Board.

(c) If the CEO shall find that any person to whom any amount is payable under
the Plan is unable to care for his or her affairs because of illness or
accident, or is a minor, or has died, then any payment due him or her or his or
her estate (unless a prior claim therefor has been made by a duly appointed
legal representative), may, if the CEO so directs the Company, be paid to his or
her spouse, a child, a relative, an institution maintaining or having custody of
such person, or any other person deemed by the CEO to be a proper recipient on
behalf of such person otherwise entitled to payment. Any such payment shall be a
complete discharge of the liability of the Plan and the Company.

(d) Except insofar as may otherwise be required by law, no amount payable at any
time under the Plan shall be subject in any manner to alienation by
anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment,
charge, or encumbrance of any kind nor in any manner be subject to the debts or
liabilities of any person and any attempt to so alienate or subject any such
amount, whether presently or thereafter payable, shall be void. If any person
shall attempt to, or shall, alienate, sell, transfer, assign, pledge, attach,
charge, or otherwise encumber any amount payable under the Plan, or any part
thereof, or if by reason of his or her bankruptcy or other event happening at
any such time such amount would be made subject to his or her debts or
liabilities or would otherwise not be enjoyed by him or her, then the CEO, if he
so elects, may direct that such amount be withheld and that the same or any part
thereof be paid or applied to or for the benefit of such person, his or her
spouse, children or other dependents, or any of them, in such manner and
proportion as the CEO may deem proper.

(e) The Participant shall have no right, title, or interest whatsoever in or to
any investments which the Company may make to aid it in meeting its obligations
hereunder. Nothing contained in the Plan, and no action taken pursuant to its
provisions, shall create or be construed to create a trust of any kind, or a
fiduciary relationship between the Company and the Employee or any other person.
To the extent that any person acquires a right to receive payments from the
Company under this Plan, such right shall be no greater than the right of an
unsecured general creditor of the Company. All payments to be made hereunder
shall be paid in cash from the general funds of the Company and no special or
separate fund shall be established and no segregation of assets shall be made to
assure payments of such amounts.

(f) The Plan shall be governed by and construed in accordance with the laws of
the State of California (but excluding the choice of law rules thereof).

                                        3exhibit10-1.htm

    Exhibit 10.1

      

       

      EMPLOYMENT
AGREEMENT

       

      This
Employment Agreement (the “Agreement”)
is made and entered into as of the 6th day of May 2009, by and
between Tier Technologies, Inc., a Delaware corporation (together
with its successors and assigns, the “Company”),
and Keith Omsberg (the “Executive”).

       

      W
I T N E S S E T H

       

      WHEREAS,
the Company desires to continue to employ the Executive as Vice President,
General Counsel & Secretary and to enter into an employment agreement
embodying the terms of such employment; and

       

      WHEREAS,
the Executive desires to enter into this Agreement and to accept such
continued employment, subject to
the terms and provisions of this Agreement;

       

      WHEREAS,
the parties also wish to enter into this Agreement to terminate and supersede
all prior agreements including but not limited to the Nondisclosure and
Proprietary/Confidential Information Non-Competition Agreement the Executive
executed on May 30, 2002, and the Employment Agreement of January 9,
2008;

       

      NOW,
THEREFORE, in consideration of the premises and mutual covenants contained
herein and for other good and valuable consideration, the receipt and
sufficiency of which is mutually acknowledged, the Company and the Executive,
intending to be legally bound, agree as follows:

       

      
        	
                1.  

              	
                Definitions.

              

      

       

      (a) “Base
Salary” shall mean the Executive’s base salary as determined in
accordance with Section 4 below, including any applicable
increases.

       

      (b) “Board”
shall mean the Board of Directors of the Company.

       

      (c) “Cause”
shall mean a finding by the Company of:

       

      
        	
                (i) 

              	
                a
      conviction of the Executive of, or a plea of guilty or nolo contendere by the
      Executive to, any felony;

              

      

       

      
        	
                (ii)

              	
                an
      intentional violation by the Executive of federal or state securities
      laws;

              

      

       

      
        	
                (iii)

              	
                willful
      misconduct or gross negligence by the Executive that has or is reasonably
      likely to have a material adverse effect on the
  Company;

              

      

       

      
        	
                (iv)

              	
                a
      failure of the Executive to perform his or her reasonably assigned duties
      for the Company that has or is reasonably likely to have a material
      adverse effect on the Company;

              

      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      
        	
                (v)

              	
                a
      material violation by the Executive of any material provision of the
      Company’s Business Code of Conduct (or successor policies on similar
      topics) or any other applicable policies in
  place;

              

      

       

      
        	
                (vi)

              	
                a
      violation by the Executive of any provision of  the Proprietary
      and Confidential Information, Developments, Noncompetition and
      Nonsolicitation Agreement (“NDA”) attached hereto as Exhibit A;
      or

              

      

       

      
        	
                (vii)

              	
                fraud,
      embezzlement, theft or dishonesty by the Executive against the
      Company,

              

      

       

      provided that no finding of
Cause shall be made pursuant to subsections (ii), (iii), (iv), (v), (vi) or
(vii) hereof unless the Company has provided the Executive with written notice
in accordance with Section 21 below stating with specificity the facts and
circumstances underlying the allegations of Cause and the Executive has failed
to cure such violation, if curable, within thirty (30) calendar days of receipt
thereof.  The Board shall determine whether a violation is curable
and/or cured in its reasonable discretion.

       

      (d) “Change in
Control” shall occur upon:

       

      
        	
                (i)  

              	
                any
      person, entity or affiliated group becoming the beneficial owner or owners
      of more than fifty percent (50%) of the outstanding equity securities of
      the Company, or otherwise becoming entitled to vote shares representing
      more than fifty percent (50%) of the undiluted total voting power of the
      Company’s then-outstanding securities eligible to vote to elect members of
      the Board (the “Voting
      Securities”);

              

      

       

      
        	
                (ii)  

              	
                a
      consolidation or merger (in one transaction or a series of related
      transactions) of the Company pursuant to which the holders of the
      Company’s equity securities immediately prior to such transaction or
      series of related transactions would not be the holders immediately after
      such transaction or series of related transactions of more than fifty
      percent (50%) of the Voting Securities of the entity surviving such
      transaction or series of related
transactions;

              

      

       

      
        	
                (iii)  

              	
                the
      sale, lease, exchange or other transfer (in one transaction or a series of
      related transactions) of all or substantially all of the assets of the
      Company;

              

      

       

      
        	
                (iv)  

              	
                the
      dissolution or liquidation of the Company;
or

              

      

       

      
        	
                (v)  

              	
                the
      date on which (i) the Company consummates a “going private” transaction
      pursuant to Section 13, Rule 13e-3 of the Securities Exchange Act of 1934,
      as amended (the “Exchange
      Act”), or (ii) no longer has a class of equity security registered
      under the Exchange Act.

              

      

       

      (e)  “Code”
shall mean the Internal Revenue Code of 1986, as amended from time to
time.

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      (f) “Compensation
Committee” shall mean the Compensation Committee of the Board or another
committee of the Board that performs the functions typically associated with a
compensation committee.

       

      (g) “Date of
Termination” shall mean (i) if the Executive’s employment is
terminated by reason of his or her death, the date of his or her death, or
(ii) if the Executive’s employment is terminated pursuant to any other
section, the prospective date specified in the written notice provided in
accordance with Section 21 below.

       

      (h) “Disability”
shall mean, for purposes of this Agreement, the Executive’s inability to
substantially perform his or her duties and responsibilities under this
Agreement for a period of six (6) consecutive months due to a physical or
mental disability, as the term “physical or
mental disability” is defined in the Company’s long-term disability
insurance plan then in effect (or would be so found if the Executive applied for
coverage or benefits under such plan).

       

      (i) “Effective
Date” shall mean May 6, 2009.

       

      (j) “Good
Reason” shall mean, without the Executive’s prior written consent, the
occurrence of any of the following events or actions, provided that no finding of
Good Reason shall be made pursuant to subsections (ii), (iii) or (iv) hereof
unless the Executive has provided the Company with written notice in accordance
with Section 21 below within ninety (90) days after the occurrence of such event
or action stating with specificity the facts and circumstances underlying the
allegations of Good Reason and the Company has failed to cure such violation
within thirty (30) calendar days of receipt thereof:

       

      
        	
                (i)  

              	
                any
      reduction in the Executive’s Base
Salary;

              

      

       

      
        	
                (ii)  

              	
                any
      material diminution of the Executive’s duties, responsibilities, powers or
      authorities;

              

      

       

      
        	
                (iii)  

              	
                any
      relocation of his or her principal place of employment by more than fifty
      (50) miles or requirement that the Executive relocate his or her principal
      place of residence by more than fifty (50) miles;
  or

              

      

       

      
        	
                (iv)  

              	
                a
      material breach by the Company of any material provision of this
      Agreement.

              

      

       

      (k)  “Term of
Employment” shall mean the period specified in Section 2 below, as such
period may be extended.

       

      
        	
                2.  

              	
                Term of
      Employment.

              

      

       

      The
Company hereby continues to employ the Executive, and the Executive hereby
accepts such continued employment, for the period commencing on the Effective
Date and ending on May 6, 2011 subject to earlier termina­tion of the Term
of Employment in accordance with the terms of this Agreement.  The
expiration of the Term of Employment will not constitute either a termination
without Cause or a resignation for Good Reason and no severance will
be

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      payable upon or after such expiration, except as
provided in a generally applicable Company plan.

       

      
        	
                3.  

              	
                Position, Duties and
      Responsibilities.

              

      

       

      As
of the Effective Date, the Executive shall be employed as Vice President,
General Counsel & Secretary of the Company or in such other reasonably
comparable position
as the Chief Executive Officer of the Company (the “Chief Executive
Officer”) or the Board may determine from time to time.  In
this capacity, the Executive shall be assigned such duties and responsibilities
inherent in such position and such other duties and responsibilities as the Chief Executive Officer
or the Board shall
from time to time reasonably assign to him or her.  The Executive
shall serve the Company faithfully, conscientiously, and to the best of the
Executive’s ability and shall promote the interests and reputation of the
Company.  The Executive shall devote all of the Executive’s time,
attention, knowledge, energy and skills during normal working hours, and at such
other times as the Executive’s duties may reasonably require, to the duties of
the Executive’s employment; provided, however, that the
Executive may (a) serve on civic or charitable boards or committees; or (b) with
the approval of the Chief Executive Officer or the Board, serve on corporate
boards or committees.  The Executive shall report to the Chief
Executive Officer in carrying out his or her duties and responsibilities under
this Agreement.  The Executive agrees to abide by the rules,
regulations, instructions, personnel practices and policies of the Company and
any changes therein that may be adopted from time to time.

       

      
        	
                4.  

              	
                Base
      Salary.

              

      

       

      As
of May 6, 2009, the Executive shall be paid an annualized Base Salary of One
Hundred Ninety Thousand dollars ($190,000) payable in accordance
with the regular payroll practices of the Company.  The Base Salary
shall be subject to increase but not decrease thereafter.  Any
increase to the Base Salary is to be determined by the Compensation Committee,
in consultation with the Chief Executive Officer.

       

      
        	
                5.  

              	
                Incentive Compensation
      Arrangements.

              

      

       

      During
the Term of Employment, the Executive shall be entitled to participate in any
Company incentive compensation plans, programs and/or arrangements applicable to
senior-level executives as established and modified from time to time by the
Compensation Committee in consultation with the Chief Executive
Officer.

       

      
        	
                6.  

              	
                Equity Compensation
      Programs.

              

      

       

      During
the Term of Employment, the Executive shall be entitled to participate in any
equity-based plans, programs or arrangements applicable to senior-level
executives as established and modified from time to time by the Chief Executive
Officer or the Board in their sole discretion, to the extent that the Executive
is eligible under (and subject to the provisions of) the plan documents
governing those programs.

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      
        	
                7.  

              	
                Employee Benefit
      Programs.

              

      

       

      During
the Term of Employment, the Executive shall be entitled to participate in all
employee welfare and pension benefit plans, programs and/or arrangements
applicable to senior-level executives, to the extent that the Executive is
eligible under (and subject to the provisions of) the plan documents governing
those programs.

       

      
        	
                8.  

              	
                Reimbursement of
      Business Expenses.

              

      

       

      The
Company shall reimburse the Executive for all reasonable travel, entertainment
and other expenses incurred or paid by the Executive in connection with, or
related to, the performance of his or her duties, responsibilities or services
under this Agreement, upon presentation by the Executive of documentation,
expense statements, vouchers and/or such other supporting information as the
Company may request; provided, however, that the
amount available for such travel, entertainment and other expenses may be fixed
in advance by the Chief Executive Officer or the Board.

       

      
        	
                9.  

              	
                Perquisites.

              

      

       

      
        	
                During
      the Term of Employment, the Executive shall be entitled to participate in
      the Company’s executive fringe benefit programs (if any) applicable to the
      Company’s senior-level executives in accordance with the terms and
      conditions of such programs as in effect from time to time, to the extent
      that the Executive is eligible under (and subject to the provisions of)
      the plan documents governing those
programs.

              

      

       

      
        	
                10.  

              	
                Paid Time
      Off.

              

      

       

      The
Executive shall be entitled to twenty four (24) days of paid time off per
calendar year, prorated during the calendar year in which the Executive is
initially hired and the calendar year in which the Executive’s employment
terminates, to be taken at such times as may be approved by the Chief Executive
Officer.

       

      
        	
                11.  

              	
                Termination of
      Employment.

              

      

       

      (a) Termination of Employment by
the Company for Disability or Termination of Employment by
Death.  Upon a termination of the Executive’s employment by the
Company for Disability or a termination of the Executive’s employment by reason
of the Executive’s death, the Executive or his or her estate and/or
beneficiaries, as the case may be, shall be entitled to the following amounts,
payable on the business day coinciding with or next following the thirtieth
(30th) calendar day following such termination, subject to the provisions of
Section 23 below and excluding the payments under clause (iv) below (which will
be paid as premiums are due):

       

      
        	
                (i)  

              	
                Base
      Salary earned but not paid prior to the Date of Termination and any
      accrued prior year bonus not paid prior to such
  date;

              

      

       

      
        	
                (ii)  

              	
                any
      amounts earned, accrued or owing to the Executive but not yet paid under
      Sections 7, 8, 9 or 10 above prior to the Date of
    Termination;

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      (iii)  one (1) times the Base Salary in effect on
the Date of
Termination;        

      
         

      

      
        	
                (iv)  

              	
                payment
      by the Company of the premiums for the Executive and any covered
      beneficiary of the Executive’s coverage under COBRA health continuation
      benefits over the twelve (12) month period immediately following the date
      of death or Disability, assuming such individual elects and remains
      eligible for such coverage; and

              

      

       

      
        	
                (v)  

              	
                such
      other or additional benefits, if any, as may be provided under applicable
      plans, programs and/or arrangements of the
  Company.

              

      

       

      The
Company must provide written notice to the Executive in accordance with Section
21 below upon a termination of the Executive’s employment for
Disability.

       

      (b) Termination of Employment by
the Company for Cause or by the Executive.  Upon a termination
of the Executive’s employment by the Company for Cause or a termination of the
Executive’s employment by the Executive (except as provided in Section 11(e)),
the Executive shall be entitled to the following:

       

      
        	
                (i)  

              	
                Base
      Salary earned but not paid prior to the Date of Termination and any
      accrued prior year bonus not paid prior to such
  date;

              

      

       

      
        	
                (ii)  

              	
                any
      amounts earned, accrued or owing to the Executive but not yet paid under
      Sections 7, 8, 9 or 10 above prior to the Date of Termination;
      and

              

      

       

      
        	
                (iii)  

              	
                such
      other or additional benefits, if any, as may be provided under applicable
      plans, programs and/or arrangements of the
  Company.

              

      

       

      The
Executive must provide written notice to the Company in accordance with Section
21 below at least fourteen (14) calendar days prior to the actual Date of
Termination upon a termination of the Executive’s employment by the
Executive.  A termination by the Company for Cause must be made as set
forth herein.

       

      (c) Termination of Employment by
the Company Without Cause or by the Executive With Good
Reason.  Upon a termination of the Executive’s employment by
the Company without Cause or by the Executive with Good Reason, other than under
the circumstances described in Section 11(d), the Executive shall be entitled to
the following amounts, payable on the business day coinciding with or next
following the thirtieth (30th) calendar day following such termination, subject
to the provisions of Section 23 below and excluding the payments under clause
(v) below (which will be paid as premiums are due):

       

      
        	
                (i)  

              	
                Base
      Salary earned but not paid prior to the Date of Termination and any
      accrued prior year bonus not paid prior to such
  date;

              

      

       

      
        	
                (ii)  

              	
                any
      amounts earned, accrued or owing to the Executive but not yet paid under
      Sections 7, 8, 9 or 10 above prior to the Date of
    Termination;

              

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      
        	
                (iii)  

              	
                such
      other or additional benefits, if any, as may be provided under applicable
      plans, programs and/or arrangements of the
  Company;

              

      

       

      
        	
                (iv)  

              	
                one
      (1) times the Base Salary in effect on the Date of Termination;
      and

              

      

       

      
        	
                (v)  

              	
                payment
      by the Company of the premiums for the Executive’s and any covered
      beneficiary’s coverage under COBRA health continuation benefits over
      the twelve (12) month period
      immediately following the Date of Termination, assuming such individuals
      elect and remain eligible for such
coverage.

              

      

       

      provided that the Executive
must execute and not revoke a severance agreement and release of claims drafted
by and reasonably satisfactory to the Company (the “Severance
Agreement”) to be eligible for the payments in Sections 11(c)(iv) and (v)
herein, which will contain a full release of the Company (other than for
exceptions specified therein).  The Company must provide written
notice to the Executive in accordance with Section 21 below upon a termination
of the Executive’s employment without Cause.

       

      (d) Termination of Employment by
the Company after a Change in Control.  Upon a termination of
the Executive’s employment by the Company without Cause within one (1) year
after a Change in Control, the Executive shall be entitled to the following
amounts, payable on the business day coinciding with or next following the
thirtieth (30th) calendar day following such termination, subject to the
provisions of Section 23 below, and excluding the payments under clause (vii)
below (which will be paid as premiums are due):

       

      
        	
                (i)  

              	
                Base
      Salary earned but not paid prior to the Date of Termination and any
      accrued prior year bonus not paid prior to such
  date;

              

      

       

      
        	
                (ii)  

              	
                any
      amounts earned, accrued or owing to the Executive but not yet paid under
      Sections 7, 8, 9 or 10 above prior to the Date of
    Termination;

              

      

       

      
        	
                (iii)  

              	
                such
      other or additional benefits, if any, as may be provided under applicable
      plans, programs and/or arrangements of the
  Company;

              

      

       

      
        	
                (iv)  

              	
                two
      (2) times the sum of (A) the Base Salary in effect on the Date of
      Termination and (B) a bonus equal to the average annual bonus paid to the
      Executive (or, for the most recent year, accrued for the Executive) for
      the previous three years (or such shorter period during which the
      Executive was employed) over a three-year look back period, which average
      shall include the retention payment in the amount of $85,000 pursuant to
      the February 5, 2007 retention
agreement;

              

      

       

      
        	
                (v)  

              	
                vesting
      of options granted on September 13, 2006; October 1, 2007, and December 4,
      2008 in accordance with the Change of Control provisions as described
      under Section 2 of the Executive’s Incentive Stock Option
      Agreement;

              

      

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      
        	
                (vi)  

              	
                for
      all other options granted to the Executive, other than those under (v)
      above, immediate vesting of options that would have vested within eighteen
      (18) months following the effective date of termination of Executive’s
      employment;

              

      

       

      
        	
                (vii)  

              	
                vesting
      of all granted Performance Stock Units (PSUs) in accordance with Plan
      document approved as of December 4, 2008,
and

              

      

       

      
        	
                (viii)  

              	
                payment
      by the Company of the premiums for the Executive’s and any covered
      beneficiary’s health insurance over the eighteen (18) month period
      immediately following the Date of
Termination;

              

      

       

      provided that the Executive
must execute and not revoke the Severance Agreement (with the conditions
contained in the proviso to Section 11(c)) to be eligible for the payments in
Sections 11(d)(iv) through (vii) herein.  The Company must provide
written notice to the Executive in accordance with Section 20 below upon a
termination of the Executive’s employment without Cause.

       

      (e) Resignation for Good Reason
by the Executive due to a Change in Control.  The Executive may
terminate his or her employment for Good Reason in a manner consistent with the
definition of Good Reason within one (1) year after a Change in Control, in
which event the Executive shall be entitled to the payments in and subject to
the conditions of Section 11(d) and the provisions of Section 23.  The
Executive must provide written notice to the Company of a proposed resignation
for Good Reason in accordance with Section 21 below and must actually resign
under this provision no later than the six month anniversary of the date he or
she specifies as that of the adverse event or action.

       

      
        	
                12.  

              	
                Proprietary and
      Confidential Information
Agreement.

              

      

       

      The
Executive shall execute, simultaneously with the execution of this Agreement or
otherwise upon the Company’s request, the NDA.

       

      
        	
                13.  

              	
                Assignability: Binding
      Nature.

              

      

       

      This
Agreement shall be binding upon and inure to the benefit of both parties and
their respective successors and assigns, including any corporation or entity
with which or into which the Company may be merged or that may succeed to its
assets or business; provided, however, that the
obligations of the Executive are personal and shall not be assigned by him or
her.

       

      
        	
                14.  

              	
                Representation.

              

      

       

      The
Company represents and warrants that it is fully authorized and empowered to
enter into this Agreement.  The Executive states and represents that
he or she has had an opportunity to fully discuss and review the terms of this
Agreement with an attorney.  The Executive further states and
represents that he or she has carefully read this Agreement, understands the
contents herein, freely and voluntarily assents to all of the terms and
conditions hereof, and signs his or her name of his or her own free
act.

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      In
addition, the Company agrees that, if a dispute arises that concerns this
Agreement, the Proprietary and Confidential Information Agreement, or the
Severance Agreement and the Executive is the prevailing party in the dispute, he
or she shall be entitled to recover all of his or her reasonable attorney’s fees
and expenses incurred in connection with the dispute. For this purpose, the
Executive will be the “prevailing
party” if he or she is successful on any significant substantive issue in
the action and achieves either a judgment in his or her favor or some other
affirmative recovery.

       

      
        	
                15.  

              	
                Entire
      Agreement.

              

      

       

      This
Agreement contains the entire understanding and agreement between the parties
concerning the subject matter hereof and supersedes all prior agreements,
understandings, discussions, negotiations and undertakings, whether written or
oral, with respect thereto,
including, without limitation, the Retention Agreement dated February 5,
2007 and Employment Agreement of January 9, 2008.

       

      
        	
                16.  

              	
                Amendment or
      Waiver.

              

      

       

      No
provision in this Agreement may be amended unless such amendment is agreed to in
writing and signed by the Executive and an authorized officer of the
Company.  No waiver by either party of any breach by the other party
of any condition or provision contained in this Agreement to be performed by
such other party shall be deemed a waiver of a similar or dissimilar condition
or provision at the same or any prior or subsequent time.  Any waiver
must be in writing and signed by the Executive or an authorized officer of the
Company, as the case may be.

       

      
        	
                17.  

              	
                Withholding.

              

      

       

      The
Company may withhold from any amounts payable under this Agreement such federal,
state and local taxes as may be required to be withheld pursuant to any
applicable law or regulation.

       

      
        	
                18.  

              	
                Severability.

              

      

       

      In
the event that any provision of this Agreement shall be determined by a court of
competent jurisdiction to be invalid or unenforceable for any reason, in whole
or in part, the remaining parts, terms or provisions of this Agreement shall be
unaffected thereby and shall remain in full force and effect to the fullest
extent permitted by law.

       

      
        	
                19.  

              	
                Survivorship.

              

      

       

      The
respective rights and obligations of the parties hereunder shall survive any
termination of the Executive’s employment to the extent necessary to preserve
such rights and obligations.

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      
        	
                20.  

              	
                Governing Law;
      Jurisdiction; Dispute
Resolution.

              

      

       

      This
Agreement shall be governed by and construed in accordance with the laws of the
Commonwealth of Virginia (without reference to the conflict of laws provisions
thereof).  In case of any controversy or claim arising out of or
related to this Agreement or relating to the Executive’s employment (including
but not limited to claims relating to employment discrimination), except as
expressly excluded herein, each party to this Agreement agrees to give the other
party notice of non-compliance with this Agreement and ten (10) days to
cure.  Should resolution of any controversy or claim not be reached
following provision of notice and a reasonable opportunity to cure, then the
dispute shall be settled by arbitration, under the American Arbitration
Association’s National Rules for the Resolution of Employment Disputes (the
“National
Rules”).  A single arbitrator shall be selected in accordance
with the National Rules, and the costs of such arbitration shall be shared
equally between the parties, except to the extent expressly set forth in Section
14 above.  Any claim or controversy not submitted to arbitration in
accordance with this Section 20 (other than as provided under the NDA) shall be
waived, and thereafter no arbitrator, arbitration panel, tribunal, or court
shall have the power to rule or make any award on any such claim or
controversy.  In determining a claim or controversy under this
Agreement and in making an award, the arbitrator must consider the terms and
provisions of this Agreement, as well as all applicable federal, state, or local
laws.  The award rendered in any arbitration proceeding held under
this Section 20 shall be final and binding and judgment upon the award may be
entered in any court having jurisdiction thereof.  Claims for workers’
compensation or unemployment compensation benefits are not covered by this
Section 20.  Without limiting the provisions of this Section 20, the
Company and the Executive agree that the decision as to whether a party is the
prevailing party in an arbitration, or a legal proceeding that is commenced in
connection therewith will be made in the sole discretion of the arbitrator or,
if applicable, the court and the arbitrator or court may award reasonable
attorneys’ fees, costs and expenses, except to the extent expressly to the
contrary in Section 14 above.  The Company and the Executive each
hereby irrevocably waive any right to a trial by jury in any action, suit or
other legal proceeding arising under or relating to any provision of this
Agreement.

       

      
        	
                21.  

              	
                Notices.

              

      

       

      All
notices shall be in writing, shall be sent to the following addresses listed
below using a reputable overnight express delivery service and shall be deemed
to be received one (1) calendar day after mailing.

       

      If
to the Company:       10780 Parkridge
Blvd

                                          
4th
Floor

                                          
Reston,
Virginia 20191

       Attention:  Vice
President, Human Resources

       

      with
a copy to:  The Chief Executive Officer

       

      If
to the Executive:      At his or her current or
last known residential address

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      Any
notice of termination must include a Date of Termination in accordance with the
relevant provisions of this Agreement.

       

      
        	
                22.  

              	
                Headings.

              

      

       

      The
headings of the sections contained in this Agreement are for convenience only
and shall not be deemed to control or affect the meaning or construction of any
provision of this Agreement.

       

      
        	
                23.  

              	
                Compliance with Code
      Section 409A.

              

      

       

      To
the extent any payment, compensation or other benefit provided to the Executive
in connection with his or her employment termination is determined to constitute
“nonqualified deferred compensation” within the meaning of Section 409A of the
Code and the Executive is a specified employee as defined in Section
409A(a)(2)(B)(i) as determined by Tier in accordance with its procedures, by
which determination the Executive agrees that he or she is bound, such payment,
compensation or other benefit shall not be paid before the day that is six (6)
months plus one (1) day after the Executive’s separation from service as
determined under Section 409A (the “New Payment
Date’’).  The aggregate of any payments that otherwise would
have been paid to the Executive during the period between the separation from
service and the New Payment Date shall be paid to the Executive in a lump sum on
such New Payment Date.  Thereafter, any payments that remain
outstanding as of the day immediately following the New Payment Date shall be
paid without delay over the time period originally scheduled, in accordance with
the terms of this Agreement.   In any event, the Company makes no
representations or warranty and shall have no liability to the Executive or any
other person, other than with respect to payments made by Tier in violation of
the provisions of this Agreement, if any provisions of or payments under this
Agreement are determined to constitute deferred compensation subject to Code
Section 409A but not to satisfy the conditions of that section.

       

      
        	
                24.  

              	
                Counterparts.

              

      

       

      This
Agreement may be executed in two or more counterparts, and such counterparts
shall constitute one and the same instrument.  Signatures delivered by
facsimile shall be deemed effective for all purposes to the extent permitted
under applicable law.

       

      

       

      

       

      Signatures
on Page Following

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      

       

      IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date
first written above.

       

      
        	 
      	
                TIER
      TECHNOLOGIES, INC.

                 

                 

                 

                By:
      /s/ Ronald L.
      Rossetti

                Name: Ronald L.
      Rossetti

                Title: Chief Executive
      Officer

                 

              
	 
      	
                 

                THE
      EXECUTIVE

                 

                /s/ Keith S.
      Omsberg

                 

                Keith
      Omsberg

              

      

      

      

      

       

      

      

       

      

      
        
           

        

        
          12

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