Document:

Document

August 17, 2021

Mark Culhane
90 McCormick Lane
Atherton, CA 94027
Dear Mark:

Your employment with Teradata Corporation (“Teradata” or the “Company”) terminated effective as of June 30, 2021. As a participant in the Teradata Executive Severance Plan (“Plan”), you are entitled to the following severance benefits under Section 4(b) of the Plan, conditioned upon your timely execution and non-revocation of the attached separation agreement and release (“Release”):
•Salary and target annual bonus continuation for 12-months, for a total of $1,020,000 less required withholdings and deductions (“Severance Pay”), which will be paid in equal installments over the 12-month period following the effective date of the Release; 
•Continued eligibility for a pro-rated incentive bonus for the year of termination, payable following the determination of Teradata’s actual financial performance, and subject to the terms and conditions of the Company's Management Incentive Plan.  The bonus will be paid on the same schedule as these bonuses are paid to other eligible participants, and will be subject to required withholdings and deductions;
•The Company will contribute towards your COBRA premiums the portion of the premiums currently paid by the Company for your medical, dental and/or vision benefits for up to 12-months from the date of your termination of employment (you must apply for COBRA benefits, Teradata cannot do so on your behalf);
•Outplacement services for 12-months from the date of termination of your employment; and 
•Pro-rata vesting of your outstanding service-based restricted share units (“RSU”) and performance-based restricted share unit (“PBRSU”) awards, plus one additional year of vesting of your outstanding service-based RSUs. Your RSUs that are scheduled to vest under the Plan in connection with your termination will be distributed to your Fidelity account shortly after the effective date of the Release.  In the case of your PBRSUs for which the applicable performance period has not been completed as of your termination date, shares will be distributed subject to actual achievement of the applicable performance goals, as determined by the Compensation Committee of the Board after the end of the applicable performance period.  
			
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If you have any questions about your equity awards, please contact Fidelity Stock Plan Services on 1-800-429-2363.

In addition, as agreed between you and Teradata and in connection with the termination of your employment, and conditioned upon your timely execution and non-revocation of the Release, Teradata will pay you the sum of $35,525 (the ‘Additional Amount”), which represents the aggregate amount of your rent of $5,000/month plus associated payments of an additional $75/month from July 1, 2021 through the end of the lease term (i.e., through January 31, 2022) under your outstanding condominium lease in the San Diego, California area that was part of your commuting benefits while employed by the Company.  The Company will pay you the Additional Amount within 10 business days following the date upon which the Release is effective. 
Also, as per your Grant Agreement dated March 1, 2020, the 70,206 outstanding service-based restricted share units (“RSU”) received on March 1, 2020, for retention purposes, have been fully vested and delivered to you, less required withholdings.  
Your right to receive any severance benefits under the Plan is subject to all the terms and conditions of the Plan, and the description of Plan benefits above is a summary and does not modify the terms of the Plan (except for the timing of your Severance Pay, as set forth above).    
Mark, should you have any questions, please do not hesitate to contact me. 

Sincerely,

/s/ Kathy Cullen-Cote            
Kathy Cullen-Cote
Chief Human Resources Officer 

Accepted and acknowledged by:

/s/ Mark Culhane                                                   9/11/21        
Mark Culhane                            Date
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RELEASE OF CLAIMS
My employment with Teradata Corporation (“Teradata” or the “Company”) terminated effective as of June 30, 2021.  In exchange for the severance benefits provided under Section 4(b) of the Teradata Executive Severance Plan (the “Plan”), which shall be provided upon the terms, and subject to the conditions, of the Plan, including, but not limited to, my compliance with Section 7 of the Plan, along with payment of the sum of $35,525 as provided in the letter agreement between me and the Company dated August 17, 2021, I, Mark Culhane, acknowledge and agree to the following:

1.    I may sign and submit this Release of Claims (“Release”) at any time on or before 11:59pm Pacific Time on September 13, 2021. 

2.    I understand this Release does not constitute an admission by Teradata of any liability, violation of any federal or state laws, or any other civil wrong.

3.    I may revoke this Release during the seven days after I sign it by delivering written notice to Teradata in accordance with Section 15 of the Plan no later than the close of business on the seventh day after signature.  This Release will not become effective or enforceable until the expiration of that seven-day period.  I understand that my severance benefits will be processed after the expiration of the seven-day period. 

4.    I release and discharge Teradata, its affiliates, successors, and each of their fiduciaries, stockholders, directors, officers, agents, and employees (“Released Parties”), from all claims, causes of action, suits, damages, rights to monetary or equitable relief, known or unknown, including access to Teradata’s internal dispute resolution process, for anything occurring up to and including the date on which I sign this Release.  Without limiting the prior sentence, this release covers all claims I have, have ever had, or may now have, or related in any way to my employment or the end of my employment with Teradata, including but not limited to: (a) any and all statutory claims, including claims under the Age Discrimination in Employment Act, as amended (“ADEA”), Title VII of the Civil Rights Act of 1964, the federal Equal Pay Act, the federal Family and Medical Leave Act, the Employee Retirement Income Security Act (“ERISA”), the California Fair Housing and Employment Act, the California Family Rights Act, the California Labor Code, the California Equal Pay Act, and any other federal, state, local, or foreign law (statutory, regulatory, or otherwise) that may be legally waived and released; (2) any claim of wrongful discharge, discrimination, harassment, retaliation, breach of implied or express promises, defamation, invasion of privacy, intentional or negligent infliction of emotional distress, tortious interference with contract or prospective business advantage, breach of the covenant of good faith and fair dealing, promissory estoppel, and detrimental reliance; (3) all claims for lost or unpaid wages, overtime, bonuses, commissions, incentive compensation, equity, vacation, sick leave, or statutory penalties; and (4) any claims of coverage under any of Teradata’s commercial automobile liability insurance policies. 

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In granting the release herein, which includes all claims that I do not know or suspect to exist in my favor, I acknowledge that I have read, understand, and expressly waive Section 1542 of the California Civil Code, which provides:

“A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.”

I expressly agree to waive any rights or benefits conferred by Section 1542 and by any law of any state or territory of the United States or principal of common law pursuant to, or which is similar, comparable or equivalent to, Section 1542.

Without limiting the foregoing Paragraphs, I understand that this Release specifically releases and waives any claims of age discrimination, known or unknown, that I may have against the Released Parties as of the date I sign this Release.  This Release specifically includes a waiver of rights and claims under the ADEA and the Older Workers Benefit Protection Act.  I acknowledge that. as of the date I sign this Release, I may have certain rights or claims under the ADEA. and I voluntarily relinquish any such rights or claims by signing this Release.

5.    All payments under the Plan are intended to comply with Section 409A of the Internal Revenue Code, as amended (“Section 409A”), or any exemption under Section 409A. In no event shall Teradata be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by me on account of non-compliance with Section 409A.  

6.    Teradata advises me to consult with an attorney prior to signing this Release.  By signing this Release, I understand I am giving up and waiving legal rights.  I have either freely chosen not to consult with an attorney or I have decided to sign after discussing this Release with my attorney.

7.    This Release does not prevent me from responding accurately and fully to any question, inquiry or request for information when required by legal process, or disclosing information to regulatory bodies.  Further, nothing contained in this Release limits my ability to file a charge or complaint with any federal, state or local governmental agency or commission (a “Government Agency”).  In addition, nothing in this Release or any other Company agreement, policy, practice, procedure, directive or instruction shall prohibit me from reporting possible violations of federal, state or local laws or regulations to any Government Agency or making other disclosures that are protected under the whistleblower provisions of federal, state or local laws or regulations.  I understand that I do not need prior authorization of any kind to make any such reports or disclosures, and that I am not required to notify the Company that I have made such reports or disclosures.  However, if I file any charge or complaint with any Government Agency, and if the 
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Government Agency pursues any claim on my behalf, or if any other third party pursues any claim on my behalf, I hereby waive any right to monetary or other individualized relief (either individually, or as part of any collective or class action) that arises out of alleged facts or circumstances on or before the effective date of this Release; provided that nothing in this Release limits any right I may have to receive a whistleblower award or bounty for information provided to the Securities and Exchange Commission or other Government Agency.

8.    As used in this Release, “Teradata” includes its parents, subsidiaries, affiliates, divisions, past and present directors, officers, agents and employees.  

9.    This Release and the Plan represent the entire agreement between me and Teradata relating to the end of my employment and, with the exception of any agreements relating to arbitration of employment-related disputes, or trade secrets and preserving the confidentiality of Teradata information, supersedes all prior written or oral understandings, statements or agreements.

I have read this Release and I understand its terms.  I enter into and sign this Release knowingly, voluntarily, and with full knowledge of its contents.  

												
	/s/ Mark Culhane	XXXXXXXXXX	XXXXXXXXXXXXX	9/11/21
	Signature of Associate	Social Security Number	Non-Teradata E-mail Address	Date
	Mark Culhane	XXXXXXXXXX	XXXXXXXXXXXXX	
	Associate Name (Printed)	Associate Global ID	Non-Teradata Telephone Number	

Human Resources Acknowledgment of Receipt:
									
	/s/ Traci Mazakas-Corp	VP, Total Rewards	9/12/21
	Human Resources Representative	Title	Date

NOTE:  The original document, when signed by both employee and Human Resources Representative, should be returned to the Teradata HR Service Center, for inclusion in the employee’s Personnel File.

Teradata HR Service Center
17095 Via Del Campo
San Diego, California 92127
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