Document:

Form of Employee Benefits Agreement between Teradata and NCR

 Exhibit 10.3 
 FORM OF EMPLOYEE BENEFITS AGREEMENT 
 by and between 
 NCR CORPORATION 
 and

 TERADATA CORPORATION 
  
 Dated as of 
 [    ], 2007 

 TABLE OF CONTENTS 
  

					
	ARTICLE I	  	DEFINITIONS	  	1
	 1.1
	  	Affiliate	  	1
	 1.2
	  	Agreement	  	1
	 1.3
	  	Ancillary Agreements	  	1
	 1.4
	  	Approved Leave of Absence	  	1
	 1.5
	  	ASO Contract	  	1
	 1.6
	  	Auditing Party	  	1
	 1.7
	  	Award	  	2
	 1.8
	  	Benefit Plan	  	2
	 1.9
	  	COBRA	  	2
	 1.10
	  	Code	  	2
	 1.11
	  	Combined Company Value	  	2
	 1.12
	  	Committee	  	2
	 1.13
	  	Covered Employees	  	2
	 1.14
	  	Distribution	  	2
	 1.15
	  	Distribution Date	  	2
	 1.16
	  	Distribution Year	  	2
	 1.17
	  	Effective Time	  	2
	 1.18
	  	ERISA	  	3
	 1.19
	  	Former NCR Employee	  	3
	 1.20
	  	Former Teradata Employee	  	3
	 1.21
	  	Group Insurance Policies	  	3
	 1.22
	  	Health and Welfare Plans	  	3
	 1.23
	  	HIPAA	  	3
	 1.24
	  	HMO Agreements	  	3
	 1.25
	  	Liabilities	  	3
	 1.26
	  	Match Date	  	3
	 1.27
	  	NCR	  	3
	 1.28
	  	NCR Common Stock	  	3
	 1.29
	  	NCR Employee	  	3
	 1.30
	  	NCR Employee Provident Fund	  	3
	 1.31
	  	NCR Flexible Benefit Plans	  	4
	 1.32
	  	NCR Group	  	4
	 1.33
	  	NCR Long-Term Incentive Plans	  	4
	 1.34
	  	NCR Non-Qualified Retirement Plan	  	4
	 1.35
	  	NCR Non-Qualified Retirement Plan Participant	  	4
	 1.36
	  	NCR Pension Plan	  	4
	 1.37
	  	NCR Post-Retirement Welfare Benefits Plan	  	4
	 1.38
	  	NCR Ratio	  	4
	 1.39
	  	NCR Savings Plan	  	4
	 1.40
	  	NCR Severance Pay Program	  	4
	 1.41
	  	NCR Value	  	4
	 1.42
	  	Non-parties	  	4
	 1.43
	  	Non-US Plan	  	5

							
	 1.44
	  	NYSE	  	5
	 1.45
	  	Option	  	5
	 1.46
	  	Participating Company	  	5
	 1.47
	  	Person	  	5
	 1.48
	  	Restricted Period	  	5
	 1.49
	  	Restricted Stock	  	5
	 1.50
	  	Restricted Stock Unit	  	5
	 1.51
	  	Separation	  	5
	 1.52
	  	Separation and Distribution Agreement	  	6
	 1.53
	  	Subsidiaries	  	6
	 1.54
	  	Tax Sharing Agreement	  	6
	 1.55
	  	Teradata	  	6
	 1.56
	  	Teradata Business	  	6
	 1.57
	  	Teradata Common Stock	  	6
	 1.58
	  	Teradata Employee	  	6
	 1.59
	  	Teradata Flexible Benefit Plan	  	6
	 1.60
	  	Teradata Group	  	6
	 1.61
	  	Teradata Ratio	  	6
	 1.62
	  	Teradata Stock Incentive Plan	  	6
	 1.63
	  	Teradata Non-Qualified Retirement Plan	  	6
	 1.64
	  	Teradata Savings Plan	  	6
	 1.65
	  	Teradata Savings Plan Trust	  	7
	 1.66
	  	Teradata Stock Value	  	7
	 1.67
	  	Transferred Account Balances	  	7
	 1.68
	  	U.S.	  	7
			
	ARTICLE II	  	GENERAL PRINCIPLES	  	7
	 2.1
	  	Employment of Teradata Employees	  	7
	 2.2
	  	Assumption and Retention of Liabilities; Related Assets	  	7
	 2.3
	  	Teradata Participation in NCR Benefit Plans	  	8
	 2.4
	  	Service Recognition	  	8
	 2.5
	  	Approval by NCR as Sole Stockholder	  	8
			
	ARTICLE III	  	DEFINED CONTRIBUTION AND DEFINED BENEFIT PLANS	  	9
	 3.1
	  	Savings Plan	  	9
	 3.2
	  	Company Match	  	9
	 3.3
	  	Defined Contribution Plans in Non-US Jurisdictions	  	9
	 3.4
	  	NCR Pension Plan	  	10
		  	(a)	  	Retention of NCR Pension Plan	  	10
		  	(b)	  	Commencement of Pension	  	10
		  	(c)	  	Calculation of Early Reduction Factor	  	10
		  	(d)	  	Defined Benefit Pension Plans in Non-US Jurisdictions	  	11
			
	ARTICLE IV	  	HEALTH AND WELFARE PLANS	  	11
	 4.1
	  	General	  	11
		  	(a)	  	Establishment of Teradata Health and Welfare Plans	  	11

  

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		  	(b)	  	Retention of Sponsorship and Liabilities	  	11
		  	(c)	  	Certain Specific Claims	  	12
		  	(d)	  	Out of pocket; deductibles, etc.	  	12
		  	(e)	  	Approved Leave of Absence	  	12
	 4.2
	  	Flexible Benefit Plan/Health Savings Account	  	12
	 4.3
	  	Workers’ Compensation Liabilities	  	13
	 4.4
	  	Payroll Taxes and Reporting of Compensation	  	13
	 4.5
	  	NCR Post-Retirement Welfare Benefits Plan	  	14
		  	(a)	  	Retention of NCR Post-Retirement Welfare Benefits Plan	  	14
		  	(b)	  	Teradata Post-Retirement Welfare Benefits Plans	  	14
	 4.6
	  	COBRA and HIPAA Compliance	  	14
	 4.7
	  	Vendor Contracts	  	15
		  	(a)	  	Third-Party ASO Contracts, Group Insurance Policies and HMOs	  	15
		  	(b)	  	Effect of Change in Rates	  	15
			
	ARTICLE V	  	EXECUTIVE BENEFITS AND OTHER BENEFITS	  	15
	 5.1
	  	NCR Executive Incentive Plan and the Annual Incentive Plan	  	15
		  	(a)	  	Teradata Post-Effective Time Bonus Awards	  	15
		  	(b)	  	NCR Bonus Awards	  	16
	 5.2
	  	NCR Long-Term Incentive Plans	  	16
		  	(a)	  	Old NCR Options Held by NCR Employees	  	16
		  	(b)	  	Old NCR Options Held by Teradata Employees	  	16
		  	(c)	  	Old NCR Options Held by Former NCR Employees and Former Teradata Employees	  	17
		  	(d)	  	NCR Restricted Stock Units and NCR Restricted Stock Held by NCR Employees and Former NCR Employees	  	17
		  	(e)	  	NCR Restricted Stock Units and NCR Restricted Stock Held by Teradata Employees and Former Teradata Employees	  	18
		  	(f)	  	NCR Restricted Stock Units and NCR Restricted Stock Held by Non-Employee Directors	  	18
		  	(g)	  	Foreign Grants/Awards	  	18
		  	(h)	  	Miscellaneous Award Terms	  	18
		  	(i)	  	Waiting Period for Exercisability of Options and Grant of Options and Awards	  	19
		  	(i)	  	Restrictive Covenants	  	19
	 5.3
	  	Registration Requirements	  	20
	 5.4
	  	NCR Non-Qualified Retirement Plans	  	20
	 5.5
	  	Severance Plans	  	20
	 5.6
	  	Employee Stock Purchase Plan	  	21
	 5.7
	  	Unused Vacation Pay	  	21
			
	ARTICLE VI	  	GENERAL AND ADMINISTRATIVE	  	21
	 6.1
	  	Sharing of Participant Information	  	21
	 6.2
	  	Reasonable Efforts/Cooperation	  	21

  

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	 6.3
	  	No Third-Party Beneficiaries	  	21
	 6.4
	  	Audit Rights With Respect to Information Provided	  	22
	 6.5
	  	Fiduciary Matters	  	22
	 6.6
	  	Consent of Third Parties	  	23
	 6.7
	  	Non-Solicitation of Service Providers	  	23
			
	ARTICLE VII	  		  	24
	 7.1
	  	Further Actions	  	24
			
	ARTICLE VIII	  	MISCELLANEOUS	  	25
	 8.1
	  	Effect If Distribution Does Not Occur	  	25
	 8.2
	  	Relationship of Parties	  	25
	 8.3
	  	Affiliates	  	25
	 8.4
	  	Notices	  	25
	 8.5
	  	Incorporation of Separation and Distribution Agreement Provisions	  	26

  

 -iv- 

 EMPLOYEE BENEFITS AGREEMENT 
 This EMPLOYEE BENEFITS AGREEMENT, dated as of [                        ], 2007 is by and between
NCR Corporation, a Maryland corporation (“NCR”), and Teradata Corporation, a Delaware corporation (“Teradata”). Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to
them in Article I hereof or assigned to them in the Separation and Distribution Agreement (as defined below), as applicable. 
 WHEREAS, the
Board of Directors of NCR has determined that it is in the best interests of NCR and its stockholders to separate NCR’s existing businesses into two independent companies; 
 WHEREAS, in furtherance of the foregoing, NCR and Teradata have entered into a Separation and Distribution Agreement, dated as of the date hereof (the
“Separation and Distribution Agreement”), and other ancillary agreements that will govern certain matters relating to the Separation and the relationship of NCR, Teradata and their respective Subsidiaries following the Distribution
Date (as such terms are defined below); and 
 WHEREAS, pursuant to the Separation and Distribution Agreement, NCR and Teradata have agreed
to enter into this Agreement for the purpose of allocating Assets, Liabilities and responsibilities with respect to certain employee compensation and benefit plans and programs between and among them. 
 NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 For purposes of this Agreement, the following terms shall have the following meanings: 
 1.1 “Affiliate” has the meaning given that term in the Separation and Distribution Agreement. 
 1.2 “Agreement” means this Employee Benefits Agreement, including all the Schedules hereto. 
 1.3 “Ancillary Agreements” has the meaning given that term in the Separation and Distribution Agreement. 
 1.4 “Approved Leave of Absence” means an absence from active service (i) due to an individual’s inability to perform his or
her regular job duties by reason of illness or injury and resulting in eligibility to receive benefits pursuant to the terms of the NCR Short-Term Disability Program, or (ii) pursuant to an approved leave policy or arrangement with a guaranteed
right of reinstatement. 
 1.5 “ASO Contract,” has the meaning set forth in Section 4.7. 
 1.6 “Auditing Party” has the meaning set forth in Section 6.4(a). 

 1.7 “Award,” when immediately preceded by “NCR,” means NCR Restricted Stock,
NCR Restricted Stock Units and NCR Option and, when immediately preceded by “Teradata,” means Teradata Restricted Stock, Teradata Restricted Stock Units and Teradata Option. 
 1.8 “Benefit Plan” shall mean, with respect to an entity or any of its Subsidiaries, (a) each compensation or benefits plan,
program, policy, arrangement or agreement including without limitation any “employee welfare benefit plan” (as defined in 
 Section 3(1) of
ERISA), severance pay, sick leave, vacation pay, car plans, salary continuation, disability, retirement, deferred compensation, bonus, stock option or other equity-based compensation, hospitalization, medical insurance or life insurance plan,
program, policy, arrangement or agreement sponsored or maintained by such entity or by any of its Subsidiaries (or to which such entity or any of its Subsidiaries contributes or is required to contribute) and (b) all “employee pension
benefit plans” (as defined in Section 3(2) of ERISA), occupational pension plan or arrangement or other pension arrangements sponsored, maintained or contributed to by such entity or any of its Subsidiaries (or to which such entity or any
of its Subsidiaries contributes or is required to contribute). When immediately preceded by “NCR,” Benefit Plan means any Benefit Plan sponsored, maintained or contributed to by NCR or a member of the NCR Group. When immediately preceded
by “Teradata,” Benefit Plan means any Benefit Plan sponsored, maintained or contributed to by Teradata or a member of the Teradata Group. The Teradata Benefit Plans in effect prior to the Distribution are listed in Schedule 1.8 hereto.

 1.9 “COBRA” means the continuation coverage requirements for “group health plans” under Title X of the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and as codified in Code Section 4980B and ERISA Sections 601 through 608. 
 1.10 “Code” means the Internal Revenue Code of 1986, as amended, or any successor federal income tax law. Reference to a specific Code provision also includes any proposed, temporary or final regulation in force under that
provision. 
 1.11 “Combined Company Value” shall mean the sum of (i) the Teradata Value and (ii) the NCR Value.

 1.12 “Committee” has the meaning set forth in Section 5.2(a). 
 1.13 “Covered Employees” has the meaning set forth in Section 4.2(i). 
 1.14 “Distribution” has the meaning given that term in the Separation and Distribution Agreement. 
 1.15 “Distribution Date” has the meaning given that term in the Separation and Distribution Agreement. 
 1.16 “Distribution Year” means the calendar year during which the Distribution Date occurs. 
 1.17 “Effective Time” means 11:59 p.m., Eastern Standard Time or Eastern Daylight Time (whichever shall be then in effect), on the
Distribution Date. 
  

 -2- 

 1.18 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.
Reference to a specific provision of ERISA also includes any proposed, temporary or final regulation in force under that provision. 
 1.19
“Former NCR Employee” means any individual who is a former employee of NCR or any of its Affiliates as of the Effective Time except for Teradata Employees and Former Teradata Employees. 
 1.20 “Former Teradata Employee” means any individual who is set forth on Exhibit A. 
 1.21 “Group Insurance Policies” has the meaning set forth in Section 4.7. 
 1.22 “Health and Welfare Plans” shall mean any plan, fund or program which was established or is maintained for the purpose of providing
for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical, dental, surgical or hospital care or benefits, or benefits in the event of sickness, accident, disability, death or unemployment, or vacation
benefits, apprenticeship or other training programs or day care centers, scholarship funds, or prepaid legal services, including any such plan, fund or program as defined in Section 3(1) of ERISA. When immediately preceded by “NCR,”
Health and Welfare Plans means each Health and Welfare Plan that is a NCR Benefit Plan. When immediately preceded by “Teradata,” Health and Welfare Plans means each Health and Welfare Plan that is a Teradata Benefit Plan. 
 1.23 “HIPAA” means the health insurance portability and accountability requirements for “group health plans” under the Health
Insurance Portability and Accountability Act of 1996, as amended. 
 1.24 “HMO Agreements” has the meaning set forth in
Section 4.7. 
 1.25 “Liabilities” has the meaning given that term in the Separation and Distribution Agreement.

 1.26 “Match Date” has the meaning set forth in Section 3.2. 
 1.27 “NCR” is defined in the preamble to this Agreement. 
 1.28 “NCR Common Stock” has the meaning set forth in the Separation and Distribution Agreement. 
 1.29 “NCR Employee” means any individual who, (a) under the terms of Sections 4.1(e) is intended to, but has not yet, become a Teradata Employee; or, (b) immediately prior to the Effective Time, is either actively
employed by, or then on Approved Leave of Absence from, NCR or any of its Affiliates (other than a Teradata Employee). 
 1.30 “NCR
Employee Provident Fund” means and the Employees Provident Fund established under the Employees Provident Fund Act 1991 (Malaysia) in effect as of the time relevant to the applicable provision of this Agreement. 
  

 -3- 

 1.31 “NCR Flexible Benefit Plans” means the NCR Healthcare Flexible Spending Plan and
the Dependent Care Spending Plan, as in effect as of the time relevant to the applicable provision of this Agreement. 
 1.32 “NCR
Group” means NCR and each Person (other than any member of the Teradata Group) that is an Affiliate of NCR immediately after the Effective Time. 
 1.33 “NCR Long-Term Incentive Plans” means any of the NCR Corporation 2006 Stock Incentive Plan, the NCR Corporation Management Stock Plan and any other stock incentive plan of NCR, all as in effect
as of the time relevant to the applicable provisions of this Agreement. 
 1.34 “NCR Non-Qualified Retirement Plans” means
the Retirement Plan for Officers of NCR, the NCR Officer Plan, the NCR Supplemental Pension Plan for AT&T Transfers, the NCR Mid Career Hire Supplemental Pension Plan, the NCR Non-Qualified Excess Plan and the NCR Senior Executive Retirement,
Death and Disability Plan in effect as of the time relevant to the applicable provision of this Agreement. 
 1.35 “NCR Non-Qualified
Retirement Plan Participant” means any individual who has an accrued balance in any of the NCR Non-Qualified Retirement Plans as of the Distribution Date. 
 1.36 “NCR Pension Plan” means the NCR Corporation Pension Plan in effect as of the time relevant to the applicable provision of this Agreement. 
 1.37 “NCR Post-Retirement Welfare Benefits Plan” means the Health and Welfare Plan of NCR providing medical, dental, death or other
welfare benefits for retirees. 
 1.38 “NCR Ratio” “NCR Ratio” shall mean the quotient obtained by dividing
(i) the Combined Company Value by (ii) the NCR Value. 
 1.39 “NCR Savings Plan” means the NCR Corporation 401(k)
Savings Plan as in effect as of the time relevant to the applicable provision of this Agreement. 
 1.40 “NCR Severance Pay
Program” means the NCR Change in Control Severance Plan and the reduction in force program posted on NCR’s employee intranet as in effect as of the time relevant to the applicable provision of this Agreement. 
 1.41 “NCR Value” shall mean the closing per-share price of NCR Common Stock as listed on the NYSE as of the close of trading on the
first trading day following the Distribution Date; provided, however, that if the Distribution occurs at a time when the NYSE is open for trading, the price at which NCR Common Stock trades as of close of trading after the
Distribution; and provided, further, that if the Distribution occurs prior to opening of trading on the NYSE on the Distribution Date, the closing per-share price of NCR Common Stock as listed on the NYSE as of the close of trading on
the Distribution Date. 
 1.42 “Non-parties” has the meaning set forth in Section 6.4(b). 
  

 -4- 

 1.43 “Non-US Plan” has the meaning set forth in the Separation and Distribution
Agreement. 
 1.44 “NYSE” means the New York Stock Exchange, Inc. 
 1.45 “Option,” (a) when immediately preceded by “Old NCR,” means an option (either nonqualified or incentive) to purchase
shares of NCR Common Stock prior to the Effective Time pursuant to a NCR Long-Term Incentive Plan, (b) when immediately preceded by “New NCR,” means an option (either nonqualified or incentive) to purchase shares of NCR Common Stock
following the Effective Time pursuant to a NCR Long-Term Incentive Plan (“New NCR Options,” together with “Old NCR Options,” “NCR Options”) and (c) when immediately preceded by “Teradata,” means an option
(either nonqualified or incentive) to purchase shares of Teradata Common Stock pursuant to the Teradata Stock Incentive Plan. 
 1.46
“Participating Company” means (a) NCR, (b) any Person (other than an individual) that NCR has approved for participation in, and which is participating in, a plan sponsored by a member of the NCR Group, and (c) any
Person (other than an individual) which, by the terms of such a plan, participates in such plan or any employees of which, by the terms of such plan, participate in or are covered by such plan. 
 1.47 “Person” has the meaning given that term in the Separation and Distribution Agreement. 
 1.48 “Restricted Period” has the meaning set forth in Section 6.7(a). 
 1.49 “Restricted Stock,” (a) when immediately preceded by “Old NCR,” means shares of NCR Common Stock prior to the
Effective Time pursuant to a NCR Long-Term Incentive Plan subject to forfeiture in the event that certain terms and conditions are not satisfied, (b) when immediately preceded by “New NCR,” means shares of NCR Common Stock following
the Effective Time pursuant to a NCR Long-Term Incentive Plan subject to forfeiture in the event that certain terms and conditions are not satisfied (“New NCR Restricted Stock,” together with “Old NCR Restricted Stock,” “NCR
Restricted Stock”), and (c) when immediately preceded by “Teradata,” means shares of Teradata Common Stock pursuant to the Teradata Stock Incentive Plan subject to forfeiture in the event that certain terms and conditions are not
satisfied. 
 1.50 “Restricted Stock Unit” (a) when immediately preceded by “Old NCR,” means
units representing hypothetical shares of NCR Common Stock prior to the Effective Time pursuant to a NCR Long-Term Incentive Plan, (b) when immediately preceded by “New NCR,” means units representing hypothetical shares of NCR Common
Stock following the Effective Time pursuant to a NCR Long-Term Incentive Plan (“New NCR Restricted Stock Unit,” together with “Old NCR Restricted Stock Unit,” “NCR Restricted Stock Unit”) and (c) when immediately
preceded by “Teradata,” means units representing hypothetical shares of Teradata Common Stock issued under the Teradata Stock Incentive Plan. 
 1.51 “Separation” has the meaning given that term in the Separation and Distribution Agreement. 
  

 -5- 

 1.52 “Separation and Distribution Agreement” is defined in the preamble to this
Agreement. 
 1.53 “Subsidiaries” has the meaning given that term in the Separation and Distribution Agreement. 

1.54 “Tax Sharing Agreement” means the Tax Sharing Agreement entered into as of the date hereof between NCR and Teradata. 

1.55 “Teradata” is defined in the preamble to this Agreement. 
 1.56 “Teradata Business” has the meaning given to that term in the Separation and Distribution Agreement. 
 1.57 “Teradata Common Stock” has the meaning given to that term in the Separation and Distribution Agreement. 
 1.58 “Teradata Employee” means any individual who is set forth on Exhibit C (other than those employees on Approved Leave of Absence)
or, in any non-U.S. jurisdiction, any individual who immediately prior to the Effective Time, is either actively employed by, or then on Approved Leave of Absence from, Teradata, each Subsidiary of Teradata and each other Person that is either
controlled directly or indirectly by Teradata immediately before the Effective Time or that is contemplated to be controlled by Teradata pursuant to the Non-U.S. Plan. 
 1.59 “Teradata Flexible Benefit Plan” means the flexible benefit plan to be established by Teradata pursuant to Section 4.2 of this Agreement as in effect as of the time relevant to the
applicable provision of this Agreement. 
 1.60 “Teradata Group” means Teradata, each Subsidiary of Teradata and each other
Person that is either controlled directly or indirectly by Teradata immediately after the Effective Time or that is contemplated to be controlled by Teradata pursuant to the Non-U.S. Plan. 
 1.61 “Teradata Ratio” shall mean the quotient obtained by dividing (i) the Combined Company Value by (ii) the Teradata Stock
Value. 
 1.62 “Teradata Stock Incentive Plan” means the long-term incentive plan or program to be established by Teradata,
effective immediately prior to the Distribution Date, in connection with the treatment of Awards as described in Article V. 
 1.63
“Teradata Non-Qualified Retirement Plan” has the meaning set forth in Section 5.4. 
 1.64 “Teradata Savings
Plan” means the 401(k) plan to be established by Teradata pursuant to Section 3.1 of this Agreement, as in effect as of the time relevant to the applicable provision of this Agreement. 
  

 -6- 

 1.65 “Teradata Savings Plan Trust” means a trust relating to the Teradata Savings Plan
intended to qualify under Section 401(a) and be exempt under Section 501(a) of the Code. 
 1.66 “Teradata Stock
Value” shall mean the closing per-share price of Teradata Common Stock as listed on the NYSE as of the close of trading on the first trading day following the Distribution Date; provided, however, that if the Distribution
occurs at a time when the NYSE is open for trading, the price at which Teradata Common Stock trades as of close of trading after the Distribution; and provided, further, that if the Distribution occurs prior to opening of trading on
the NYSE on the Distribution Date, the closing per-share price of Teradata Common Stock as listed on the NYSE as of the close of trading on the Distribution Date. 
 1.67 “Transferred Account Balances” has the meaning set forth in Section 4.2(i). 
 1.68 “U.S.” means the 50 United States of America and the District of Columbia. 
 ARTICLE II 
 GENERAL PRINCIPLES 
 2.1 Employment of
Teradata Employees. Except as set forth in Sections 4.1(e) or Schedule VII hereto, which shall be incorporated in this Agreement and deemed a part hereof, or as required by applicable law, all Teradata Employees shall continue to be employees of
Teradata or another member of the Teradata Group, as the case may be, immediately after the Distribution. Each of the parties hereto will use its commercially reasonable efforts to promptly take, or cause to be taken, all actions and to do, or cause
to be done, all things necessary, proper or advisable under applicable laws and regulations to effectuate the foregoing, including obtaining any necessary consents or approvals from, and providing any required notifications to, affected employees,
unions or works councils or providing required notices to any of them. 
 2.2 Assumption and Retention of Liabilities; Related Assets.

 (a) On and after the Distribution Date, except as expressly provided in this Agreement or as required by applicable law, NCR shall assume
or retain and NCR hereby agrees to pay, perform, fulfill and discharge, in due course in full (i) all Liabilities under all NCR Benefit Plans and all Liabilities that arise as a result of the actions contemplated by this Agreement, including
without limitation, actions contemplated by Section 5.2, to NCR Employees or Former NCR Employees, (ii) all Liabilities with respect to the employment, hiring practices or termination of employment of all NCR Employees, Former NCR
Employees and their respective dependents and beneficiaries and other service providers (including any individual who is, or was, an independent contractor, temporary employee, temporary service worker, consultant, freelancer, agency employee,
leased employee, on-call worker, incidental worker, or non-payroll worker of any member of the NCR Group or in any other employment, non-employment, or retainer arrangement, or relationship with any member of the NCR Group) and their respective
dependents and beneficiaries, in each case, whenever arising, to the extent arising in connection with or as a result of employment with or the performance of services to any member of the NCR Group, and (iii) any other Liabilities expressly
assigned to NCR or any member of the NCR Group under this Agreement. All Assets held in trust to fund the NCR Benefit Plans and all insurance policies funding the NCR Benefit Plans shall be Assets of NCR and Excluded Assets (as defined in the
Separation and Distribution Agreement), except to the extent specifically provided otherwise in this Agreement. 
  

 -7- 

 (b) From and after the Distribution Date, except as expressly provided in this Agreement or as required
by applicable law, Teradata shall assume or retain, as applicable, and Teradata hereby agrees to pay, perform, fulfill and discharge, (i) all Liabilities under all Teradata Benefit Plans and all Liabilities that arise as a result of the actions
contemplated by this Agreement, including without limitation, actions contemplated by Section 5.2, to Teradata Employees or Former Teradata Employees, (ii) all Liabilities with respect to the employment, hiring practices or termination of
employment of all Teradata Employees, Former Teradata Employees and their respective dependents and beneficiaries, and other service providers (including any individual who is, or was, an independent contractor, temporary employee, temporary service
worker, consultant, freelancer, agency employee, leased employee, on-call worker, incidental worker, or non-payroll worker of Teradata or a member of the Teradata Group or in any other employment, non-employment, or retainer arrangement, or
relationship with Teradata or a member of the Teradata Group) and their respective dependents and beneficiaries, in each case, whenever arising, to the extent arising in connection with or as a result of employment with or the performance of
services to any member of the Teradata Group and the NCR Group (other than, subject to Section 2.2(b)(i), any liabilities arising under Section 2.2(a)(ii)), and (iii) all Liabilities that are expressly assigned to Teradata or any
member of the Teradata Group under this Agreement. 
 2.3 Teradata Participation in NCR Benefit Plans. Except as expressly provided in
this Agreement, effective as of the Effective Time, Teradata and each other member of the Teradata Group shall cease to be a Participating Company in any NCR Benefit Plan, and NCR and Teradata shall take all necessary action before the Distribution
Date to effectuate such cessation as a Participating Company. 
 2.4 Service Recognition. Teradata shall cause the Teradata Benefit
Plans with respect to which service is a relevant factor to credit Teradata Employees who are employed by Teradata as of the Distribution, or with respect to those Teradata Employees described in Section 4.1(e), who are employed by Teradata as
of the Return Date (as defined in Section 4.1(e)), with service before the Distribution Date or Return Date, as applicable, recognized by NCR under the terms of NCR Benefit Plans with respect to which service is a relevant factor, except
(a) to the extent duplication of benefits would result and (b) for purposes of benefit accruals following the Distribution Date or Return Date, as applicable, under any defined benefit pension plan established by Teradata. 
 2.5 Approval by NCR as Sole Stockholder. Prior to the Distribution, NCR shall cause Teradata to adopt, and shall approve or cause an Affiliate to
approve as sole stockholder of Teradata, the Teradata Corporation 2007 Stock Incentive Plan, the Teradata Corporation Management Incentive Plan and the Teradata Corporation Employee Stock Purchase Plan, in each case, substantially in the form
attached hereto as Exhibit D, Exhibit E and Exhibit F, respectively. 
  

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 ARTICLE III 
 DEFINED CONTRIBUTION AND DEFINED BENEFIT PLANS 
 3.1 Savings Plan. As soon as practicable (and in no
event later than 30 days) after the Distribution Date, Teradata shall establish the Teradata Savings Plan and the Teradata Savings Plan Trust. As soon as practicable following the establishment of the Teradata Savings Plan and the Teradata Savings
Plan Trust, NCR shall cause the accounts of the Teradata Employees and Former Teradata Employees under the NCR Savings Plan to be transferred to the Teradata Savings Plan and the Teradata Savings Plan Trust in cash or such other assets as mutually
agreed by NCR and Teradata, and Teradata shall cause the Teradata Savings Plan to assume and be solely responsible for all Liabilities under the Teradata Savings Plan to or relating to Teradata Employees and Former Teradata Employees (to the extent
assets related to those accounts are transferred from the NCR Savings Plan). NCR and Teradata agree to cooperate in making all appropriate filings and taking all reasonable actions required to implement the provisions of this Section 3.1;
provided that Teradata acknowledges that it will be responsible for complying with any requirements and applying for any determination letters with respect to the Teradata Savings Plan. 
 3.2 Company Match. Prior to the Distribution, NCR shall amend the NCR Savings Plan to provide for the making of matching contributions under the
NCR Savings Plan to Teradata Employees for contributions made to the NCR Savings Plan by such Teradata Employees on or prior to the Distribution Date, or, if applicable, the Return Date. As soon as practicable following the Distribution Date but
prior to the transfer of accounts to the Teradata Savings Plan and Teradata Savings Plan Trust described in Section 3.1 (the “Match Date”), NCR shall, to the extent (a) permissible under Treasury regulations and
(b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the NCR Savings Plan, contribute to accounts of Teradata Employees under the NCR Savings Plan all matching contributions, if any, due to the
Teradata Employees who participate in the NCR Savings Plan through the Distribution Date, or, if applicable, the Return Date, pursuant to the terms and conditions of the NCR Savings Plan. Following the Distribution Date, Teradata shall, to the
extent (a) permissible under Treasury regulations and (b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the Teradata Savings Plan, contribute to the Teradata Savings Plan all matching
contributions, if any, due under the terms and conditions of the Teradata Savings Plan to the Teradata Employees who participate in the Teradata Savings Plan from the Distribution Date or, if applicable, the Return Date, through the end of the year
in which the Distribution Date or Return Date occurs, as applicable. 
 3.3 Defined Contribution Plans in Non-US Jurisdictions. The
accounts of Teradata Employees under defined contribution plans maintained or sponsored by NCR in jurisdictions outside the United States shall be treated in accordance with Schedule VII attached hereto. 
  

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 3.4 NCR Pension Plan. 
 (a) Retention of NCR Pension Plan. Effective as of the Effective Time, NCR shall retain: 
 (i) sponsorship of the NCR Pension Plan, NCR Employee Provident Fund and their related trusts and any other trust or other funding arrangement
established or maintained with respect to such plans, or any Assets held as of the Distribution Date with respect to such plans; and 
 (ii)
all Assets and Liabilities relating to, arising out of or resulting from claims incurred by or on behalf of any individuals with respect to the NCR Pension Plan and the NCR Employee Provident Fund. 
 (b) Commencement of Pension. Effective as of the Effective Time, or if applicable and subject to the rules of the NCR Pension Plan, the Return
Date, each Teradata Employee who is a participant in the NCR Pension Plan shall solely for purposes of the NCR Pension Plan be deemed to have terminated employment with NCR and shall be eligible to request distribution of his or her pension in
accordance with the terms of such plan, provided that a Teradata Employee’s Pension Plus Benefit under the NCR Pension Plan may be transferred in a direct rollover at the election of the Teradata Employee in accordance with the terms of
the NCR Pension Plan. 
 (c) Calculation of Early Reduction Factor. Notwithstanding the foregoing, following the Effective Time, or,
if applicable, the Return Date, for each Teradata Employee or Former Teradata Employee who is a participant in the NCR Pension Plan or the NCR Non-Qualified Excess Plan as of immediately prior to the Effective Time or the Return Date, as applicable,
continuous service with Teradata and any member of the Teradata Group commencing at and following the Effective Time or the Return Date, as applicable, shall be deemed to be service with NCR for purposes of determining the age of the Teradata
Employee or Former Teradata Employee in order to apply the appropriate reduction factor under the NCR Pension Plan to be utilized in determining benefits payable under the NCR Pension Plan or the NCR Corporation Non-Qualified Excess Plan, as
applicable, until the date on which the participant terminates from Teradata or, if such employee returns to employment with NCR from Teradata without incurring a break in service, the date on which such employee subsequently terminates employment
with NCR; provided, however, that, unless otherwise determined by NCR, such an employee employed by, or performing services for, a subsidiary or a division of Teradata and its subsidiaries shall be deemed to incur a termination of
employment if, as a result of a Disaffiliation (as defined below), such subsidiary or division ceases to be a subsidiary or division, as the case may be, and such employee does not immediately thereafter become an employee of, or service provider
for, Teradata or another subsidiary. “Disaffiliation” shall mean a subsidiary’s or division ceasing to be a subsidiary or division for any reason (including, without limitation, as a result of a public offering, or a spin-off or sale
by Teradata Corporation, of the stock of the subsidiary) or a sale of a division of Teradata Corporation or its subsidiaries, provided, further, that service following the Effective Time or the Return Date, as applicable, shall not be
credited for purposes of determining the appropriate reduction factor under the NCR Pension Plan or the age at termination under the NCR Corporation Non-Qualified Excess Plan in the case of any Teradata Employee or Former Teradata Employee who has
received a distribution of, or transferred in a direct rollover, the Pension Plus Benefit under the NCR Pension Plan. The provisions of this Section 3.3(b) shall be contingent upon Teradata providing, at its sole expense, information necessary
for NCR to determine whether such employees continue to be employed. 
  

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 (d) Defined Benefit Pension Plans in Non-US Jurisdictions. The benefits provided to Teradata
Employees under defined benefit plans maintained or sponsored by NCR, or to which NCR is required to contribute, in jurisdictions outside the United States shall be treated in accordance with Schedule VII attached hereto or, if not set forth in
Schedule VII, applicable law. 
 ARTICLE IV 
 HEALTH AND WELFARE PLANS 
 4.1 General. 
 (a) Establishment of Teradata Health and Welfare Plans. Except as expressly provided in Schedule VII hereto, or as required by applicable law,
effective on or before the Effective Time, Teradata shall adopt Health and Welfare Plans for the benefit of Teradata Employees, and Teradata shall be responsible for all Liabilities relating to, arising out of or resulting from health and welfare
coverage or claims incurred by or on behalf of Teradata Employees or their covered dependents under the Teradata Health and Welfare Plans on or after the Effective Time. 
 (b) Retention of Sponsorship and Liabilities. Except as expressly provided in Schedule VII hereto, or as required by applicable law, as of the Effective Time, NCR shall retain: 
 (i) sponsorship of all NCR Health and Welfare Plans and any trust or other funding arrangement established or maintained with respect to such plans or
any Assets held as of the Effective Time with respect to such plans; 
 (ii) all Liabilities relating to, arising out of, or resulting from
health and welfare coverage or claims incurred by or on behalf of NCR Employees, Former NCR Employees, Teradata Employees and Former Teradata Employees, or their covered dependents under the NCR Health and Welfare Plans on or before the Effective
Time; and 
 (iii) except as provided in Section 4.1(c), all Liabilities relating to health and welfare coverage or claims incurred by
or on behalf of NCR Employees, Former NCR Employees and Former Teradata Employees or their covered dependents on or after the Effective Time under the NCR Health and Welfare Plans. 
 Except as provided in this Section 4.1(b) or in Schedule VII hereto, or as required by applicable law, NCR shall not assume any Liability relating to health and welfare claims incurred by or on behalf of Teradata
Employees or their covered dependents on or after the Effective Time, and such claims shall be satisfied pursuant to Section 4.1(a). Except as provided in Section 4.1(c), a claim or Liability (1) for medical, dental, vision and/or
prescription drug benefits shall be deemed to be incurred upon the rendering of health services or provision of products giving rise to the obligation to pay such benefits; (2) for life insurance and accidental death and dismemberment and
business travel accident insurance benefits and workers’ compensation benefits shall be deemed to be incurred upon the occurrence of the event giving rise to the entitlement to such benefits; (3) for salary continuation or other disability
benefits shall be 

  

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deemed to be incurred upon the effective date of an individual’s disability giving rise to the entitlement to such benefits; and (4) for a period
of continuous hospitalization shall be deemed to be incurred on the date of admission to the hospital. 
 (c) Certain Specific Claims.
Except as expressly provided in Schedule VII hereto, or as required by applicable law, NCR shall be responsible for all Liabilities under the applicable NCR Health and Welfare Plan that relate to, arise out of or result from any period of continuous
hospitalization of a Teradata Employee or Former Teradata Employee or his or her covered dependent that begins before the Effective Time under a NCR Health and Welfare Plan and continues after the Effective Time; provided, however,
that NCR shall not be responsible for Liabilities in excess of the benefits otherwise provided by the terms of the respective plans. Coverage for any such hospitalization shall be provided after the Effective Time without interruption under the
appropriate NCR Health and Welfare Plan until such hospitalization is concluded or discontinued subject to applicable plan rules and limitations. 
 (d) Out of pocket; deductibles, etc. To the extent legally permissible and subject to the terms of the Teradata Health and Welfare Plans, (i) each Teradata Employee shall be immediately eligible to participate, without any
waiting time, in any and all Teradata Health and Welfare Plans to the extent coverage under such Teradata Health and Welfare Plans is replacing comparable coverage under NCR Health and Welfare Plans in which such Teradata Employee participated
immediately before the Effective Time; and (ii) for purposes of Teradata Health and Welfare Plans providing medical, dental, pharmaceutical and/or vision benefits to any Teradata Employee, Teradata shall cause all pre-existing condition
exclusions and actively-at-work requirements of such Teradata Health and Welfare Plans to be waived for such employee and his or her covered dependents, unless such conditions would not have been waived under the comparable NCR Health and Welfare
Plans in which such employee participated immediately prior to the Effective Time; and Teradata shall cause any eligible expenses incurred by such employee and his or her covered dependents during the portion of the plan year of the NCR Health and
Welfare Plans ending on the date such employee’s participation in the corresponding Teradata Health and Welfare Plans begins to be taken into account under such Teradata Health and Welfare Plans for purposes of determining the satisfaction of
all deductible, coinsurance and maximum out-of-pocket requirements applicable to such employee and his or her covered dependents for the applicable plan year as if such amounts had been paid in accordance with such Teradata Health and Welfare Plans.

 (e) Approved Leave of Absence. Each NCR Employee who at the Effective Time is on Approved Leave of Absence and who NCR and Teradata
intend will become upon return from such Approved Leave of Absence a Teradata Employee shall be listed on Exhibit G. NCR shall retain liability for each such employee until such time as such employee returns from such Approved Leave of
Absence (“Return Date”). Upon the Return Date, or on such earlier date as may be required by applicable law, such employee shall become a Teradata Employee and the provisions of this Section 4.1 that otherwise would have been
effective as of the Effective Time shall instead be effective with respect to such employee as of the Return Date. 
 4.2 Flexible Benefit
Plan/Health Savings Account. Except as expressly provided in Schedule VII hereto, NCR and Teradata shall take all actions necessary or appropriate so that, effective as of the Effective Time, or, if applicable, the Return Date, (i) the
account balances 

  

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(whether positive or negative) (the “Transferred Account Balances”) under the NCR Flexible Benefit Plans of the Teradata Employees who are
participants in NCR Flexible Benefit Plans (the “Covered Employees”) shall be transferred to one or more comparable plans of Teradata (collectively, the “Teradata Flexible Benefit Plans”); (ii) the elections,
contribution levels and coverage levels of the Covered Employees shall apply under the Teradata Flexible Benefit Plans and the Health Savings Account in the same manner as under the NCR Flexible Benefit Plans; and (iii) the Covered Employees
shall be reimbursed from the Teradata Flexible Benefit Plans for claims incurred at any time during the plan year of the NCR Flexible Benefit Plans in which the Effective Time or the Return Date, as applicable, occurs and submitted to the Teradata
Flexible Benefit Plans from and after the Effective Time or the Return Date, as applicable, on the same basis and the same terms and conditions as under the NCR Flexible Benefit Plans to the extent that such claims have not already been satisfied
under the NCR Flexible Benefit Plans prior to the Effective Time or the Return Date, as applicable. As soon as practicable after the Effective Time or the Return Date, as applicable, and in any event within 10 business days after the amount of the
Transferred Account Balances is determined, NCR shall pay Teradata the net aggregate amount of the Transferred Account Balances, if such amount is positive, and Teradata shall pay NCR the net aggregate amount of the Transferred Account Balances, if
such amount is negative. 
 4.3 Workers’ Compensation Liabilities. Except as provided below or as expressly provided in Schedule
VII hereto, all workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a NCR Employee, Former NCR Employee, Teradata Employee or Former Teradata Employee that results from an accident occurring, or from an
occupational disease which becomes manifest, before the Effective Time shall be retained by NCR. All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a NCR Employee, Former NCR Employee or Former
Teradata Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Effective Time shall be retained by NCR. All workers’ compensation Liabilities relating to, arising out of, or
resulting from any claim by a Teradata Employee that results from an accident occurring, or from an occupational disease which becomes manifest, after the Effective Time shall be retained by Teradata. Notwithstanding the foregoing, all workers’
compensation Liabilities relating to, arising out of, or resulting from any claim by a Teradata Employee who is described in Section 4.1(e) that results from an accident occurring, or from an occupational disease which becomes manifest, before
the Return Date shall be retained by NCR. For purposes of this Agreement, a compensable injury shall be deemed to be sustained upon the occurrence of the event giving rise to eligibility for workers’ compensation benefits or the date upon which
an occupational disease becomes manifest, as the case may be. NCR and Teradata shall cooperate with respect to information necessary or appropriate to manage claims, including any notification to appropriate governmental agencies of the Distribution
and the issuance of new, or the transfer of existing, workers’ compensation insurance policies and claims handling contracts. 
 4.4
Payroll Taxes and Reporting of Compensation. NCR and Teradata shall take such action as may be reasonably necessary or appropriate in order to minimize Liabilities related to payroll taxes after the Distribution Date. NCR and Teradata shall
each bear its responsibility for payroll tax obligations and for the proper reporting to the appropriate governmental authorities of compensation earned by their respective employees after the Effective Time, including compensation related to the
exercise of Options. 
  

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 4.5 NCR Post-Retirement Welfare Benefits Plan. 
 (a) Retention of NCR Post-Retirement Welfare Benefits Plan. Except as expressly provided in Schedule VII hereto, or as required by applicable law,
as of the Distribution Date, NCR shall retain (i) sponsorship of the NCR Post-Retirement Welfare Benefits Plan and any trust or other funding arrangement established or maintained with respect to such plan, or any Assets held as of the
Distribution Date with respect to such plan; and (ii) all Liabilities relating to, arising out of, or resulting from retiree health and welfare coverage or claims incurred by or on behalf of NCR Employees, Former NCR Employees, Former Teradata
Employees or their covered dependents under the NCR Post-Retirement Welfare Benefits Plan. NCR shall not assume any Liability relating to post-retirement welfare claims incurred by or on behalf of Teradata Employees or their covered dependents after
the Distribution Date, and such claims shall be satisfied by Teradata, if at all, pursuant to Section 4.5(b), provided that for each Teradata Employee (A) who is eligible to participate in the NCR Post-Retirement Welfare Benefits
Plan as of immediately prior to the Effective Time, or, if applicable, the Return Date, (B) who continuously serves with Teradata and any member of the Teradata Group commencing at and following the Effective Time or the Return Date, as
applicable, and (C) who has not received a distribution of, or transferred in a direct rollover the Pension Plus Benefit under the NCR Pension Plan, NCR shall not commence coverage under the NCR Post-Retirement Welfare Benefits Plan in
accordance with the terms thereof until the date on which the participant terminates from Teradata or, if such employee returns to employment with NCR from Teradata without incurring a break in service, the date on which such employee subsequently
terminates employment with NCR; provided, however, that, unless otherwise determined NCR, such an employee employed by, or performing services for, a subsidiary or a division of Teradata and its subsidiaries shall be deemed to incur a
termination of employment if, as a result of a Disaffiliation (as defined below), such subsidiary or division ceases to be a subsidiary or division, as the case may be, and such employee does not immediately thereafter become an employee of, or
service provider for, Teradata or another subsidiary. Eligibility for coverage under the Teradata Corporation health care plan for active employees or the Teradata Corporation long-term disability health care plan shall be deemed to be the
equivalent of eligibility for coverage under the NCR Health Care Plan or the NCR Long-Term Disability Health Care Plan, respectively, for purposes of the NCR Post-Retirement Welfare Benefit Plan. 
 (b) Teradata Post-Retirement Welfare Benefits Plans. Effective as of the Distribution Date, (i) Teradata may, in its sole discretion, adopt
Post-Retirement Welfare Benefits Plans for the benefit of Teradata Employees, and (ii) Teradata shall be responsible for all Liabilities relating to, arising out of or resulting from health and welfare coverage or claims incurred by or on
behalf of Teradata Employees or their covered dependents under the Teradata Post-Retirement Welfare Benefits Plans, if any. 
 4.6 COBRA
and HIPAA Compliance. NCR shall be responsible for administering compliance with the health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the NCR Health
and Welfare Plans with respect to Teradata Employees and their covered dependents who incur a COBRA qualifying event or loss of coverage under the NCR Health and Welfare Plans at any time prior to the Effective Time. Effective as of the Effective
Time, Teradata or another member of the Teradata Group shall be responsible for administering compliance with the health 

  

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care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the Teradata
Health and Welfare Plans with respect to Teradata Employees and their covered dependents who incur a COBRA qualifying event or loss of coverage under the Teradata Health and Welfare Plans at any time on or after the Effective Time. The parties
hereto agree that the consummation of the transactions contemplated by this Agreement and the Separation and Distribution Agreement shall not constitute a COBRA qualifying event for any purpose of COBRA. 
 4.7 Vendor Contracts. 
 (a)
Third-Party ASO Contracts, Group Insurance Policies and HMOs. NCR and Teradata shall use commercially reasonable efforts to obligate the third party administrator of each administrative-services-only contract with a third-party administrator
that relates to any of the NCR Health and Welfare Plans (an “ASO Contract”), each group insurance policy that relates to any of the NCR Health and Welfare Plans (“Group Insurance Policies”) and each agreement with a
Health Maintenance Organization that provides medical services under the NCR Health and Welfare Plans (“HMO Agreements”), in each case, in existence as of the date of this Agreement that is applicable to Teradata Employees, to enter
into a separate ASO Contract, Group Insurance Policy and HMO Agreement, as applicable, with Teradata providing for substantially similar terms and conditions as are contained in the ASO Contracts, Group Insurance Policies and HMO Agreements, as
applicable, to which NCR is a party. Such terms and conditions shall include the financial and termination provisions, performance standards, methodology, auditing policies, quality measures and reporting requirements. 
 (b) Effect of Change in Rates. NCR and Teradata shall use commercially reasonable efforts to cause each of the insurance companies and third-party
administrators providing services and benefits under the NCR Health and Welfare Plans and the Teradata Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the NCR Health
and Welfare Plans and the Teradata Health and Welfare Plans as of immediately prior to the Effective Date through the end of the year in which the Effective Date occurs. To the extent they are not successful in such efforts, NCR and Teradata shall
each bear the revised premium or administrative rates attributable to the individuals covered by their respective Health and Welfare Plans. 
 ARTICLE V 
 EXECUTIVE BENEFITS AND OTHER BENEFITS 
 5.1 NCR Executive Incentive Plan and the Annual Incentive Plan. 
 (a) Teradata Post-Effective Time Bonus Awards. Teradata shall be responsible for paying all bonus awards that otherwise would have been payable under the NCR Management Incentive Plan, the Business Performance
Plan and the Sales Compensation Plan to Teradata Employees and, if and to the extent applicable, Former Teradata Employees, for the performance periods that end after the Effective Time (including, for the avoidance of doubt, any performance period
for which NCR determines the level of performance for the period ending at or immediately prior to the Effective Time that is paid subsequent to the Effective Time). 

  

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Teradata shall also determine for Teradata Employees and, if applicable, Former Teradata Employees (i) the extent to which established performance
criteria (as interpreted by Teradata, in its sole discretion) for such periods have been met, and (ii) the payment level for each Teradata Employee and Former Teradata Employee. Teradata shall assume all Liabilities with respect to any such
bonus awards payable to Teradata Employees and Former Teradata Employees for such periods. 
 (b) NCR Bonus Awards. NCR shall be
responsible for determining all bonus awards that are payable under the NCR Management Incentive Plan, the Business Performance Plan and the Sales Compensation Plan (i) to NCR Employees for the performance periods that end after the Effective
Time and (ii) to NCR Employees, Teradata Employees and Former Teradata Employees for the performance periods that end on or prior to the Effective Time. NCR shall also determine for such employees (i) the extent to which established
performance criteria have been met, and (ii) the payment level for each such employee. NCR shall retain all Liabilities with respect to any such bonus awards payable (i) to NCR Employees for the performance periods that end after the
Effective Time and (ii) to NCR Employees, Teradata Employees and Former Teradata Employees for the performance periods that end on or prior to the Effective Time. 
 5.2 NCR Long-Term Incentive Plans. NCR and Teradata shall use commercially reasonable efforts to take all actions necessary or appropriate so that each outstanding Award granted under any NCR Long-Term
Incentive Plan held by any individual shall be adjusted as set forth in this Section 5.2. 
 (a) Old NCR Options Held by NCR
Employees. As determined by the Compensation and Human Resources Committee of the NCR Board of Directors (the “Committee”) in its sole discretion pursuant to its authority under the applicable NCR Long-Term Incentive Plan, each
Old NCR Option held by an NCR Employee as of the Effective Time shall be subject to the same terms and conditions after the Effective Time as the terms and conditions applicable to such Old NCR Option immediately prior to the Effective Time;
provided, however, that subsequent to the Effective Time (i) the number of shares of NCR Common Stock subject to such New NCR Option shall be equal to the product of (x) the number of shares of NCR Common Stock subject to
such Old NCR Option immediately prior to the Effective Time and (y) the NCR Ratio, rounded down to the nearest whole share; and (ii) the per share exercise price of such New NCR Option shall be equal to the quotient obtained by dividing
(x) the per share exercise price of such Old NCR Option immediately prior to the Effective Time by (y) the NCR Ratio, rounded up to the nearest whole cent. 
 (b) Old NCR Options Held by Teradata Employees. As determined by the Committee in its sole discretion pursuant to its authority under the applicable NCR Long-Term Incentive Plan, each Old NCR Option held by a
Teradata Employee, including Teradata Employees described in Section 4.1(e) despite the fact that the Effective Time precedes the Return Date, as applicable, as of the Effective Time shall be converted into a Teradata Option and shall otherwise
be subject to the same vesting and exercisability provisions after the Effective Time as immediately prior to the Effective Time; provided, however, that from and after the Effective Time (i) the number of shares of Teradata
Common Stock subject to such Option shall be equal to the product of (x) the number of shares of NCR Common Stock subject 

  

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to such Old NCR Option immediately prior to the Effective Time and (y) the Teradata Ratio, rounded down to the nearest whole share; (ii) the per
share exercise price of such Teradata Option shall be equal to the quotient obtained by dividing (x) the per share exercise price of such Old NCR Option immediately prior to the Effective Time by (y) the Teradata Ratio, rounded up to the
nearest whole cent; and (iii) except as provided above, the terms and conditions of such Teradata Options shall be governed by the terms of the Teradata Corporation 2007 Stock Incentive Plan. 
 (c) Old NCR Options Held by Former NCR Employees and Former Teradata Employees. As determined by the Committee in its sole discretion pursuant to
its authority under the applicable NCR Long-Term Incentive Plan, each Old NCR Option held by a Former NCR Employee or Former Teradata Employee as of the Effective Time shall be converted into both a Teradata Option and a New NCR Option;
provided, however, that from and after the Effective Time (i) the number of shares of Teradata Common Stock subject to the Teradata Option will equal the number of shares of NCR Common Stock subject to the Old NCR Option
outstanding as of immediately before the Effective Time; (ii) the number of shares of NCR Common Stock subject to the New NCR Option will equal the number of shares of NCR Common Stock subject to the Old NCR Option outstanding as of immediately
before the Effective Time; (iii) the per share exercise price of such New NCR Option shall be equal to the quotient obtained by dividing (x) the per share exercise price of such Old NCR Option immediately prior to the Effective Time by
(y) the NCR Ratio, rounded up to the nearest whole cent; (iv) the per share exercise price of the Teradata Option shall be equal to the quotient obtained by dividing (x) the per share exercise price of the Old NCR Option immediately
prior to the Effective Time by (y) the Teradata Ratio, rounded up to the nearest whole cent; (v) except as provided above, the New NCR Options shall otherwise be subject to the same terms and conditions after the Effective Time as the
terms and conditions applicable to such Old NCR Option immediately prior to the Effective Time; and (vi) except as provided above, the terms and conditions of the Teradata Options shall be governed by the terms of the Teradata Corporation 2007
Stock Incentive Plan. For purposes of this Section 5.2(c), “Former NCR Employee” shall include individuals who are or were as of August 28, 2007 non-employee directors of NCR. 
 (d) NCR Restricted Stock Units and NCR Restricted Stock Held by NCR Employees and Former NCR Employees. As determined by the Committee in its sole
discretion pursuant to its authority under the applicable NCR Long-Term Incentive Plan, each Old NCR Restricted Stock Unit and share of Old NCR Restricted Stock held by an NCR Employee or a Former NCR Employee shall be converted into a New NCR
Restricted Stock Unit or a share of New NCR Restricted Stock, respectively, which shall be subject to the same terms and conditions after the Effective Time as the terms and conditions applicable to such Old NCR Restricted Stock Unit or Old NCR
Restricted Stock immediately prior to the Effective Time; provided, however, that from and after the Effective Time, the number of shares of NCR Common Stock covered by each New NCR Restricted Stock Unit or number of shares of New NCR
Restricted Stock held by the participant, as applicable, rounded to the nearest whole share, shall be equal to the product of (i) the number of shares of NCR Common Stock covered by such Old NCR Restricted Stock Unit or the number of shares of
Old NCR Restricted Stock immediately prior to the Effective Time and (ii) the NCR Ratio. 
  

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 (e) NCR Restricted Stock Units and NCR Restricted Stock Held by Teradata Employees and Former Teradata
Employees. As determined by the Committee in its sole discretion pursuant to its authority under the applicable NCR Long-Term Incentive Plan, each Old NCR Restricted Stock Unit and share of Old NCR Restricted Stock held by a Teradata Employee,
including Teradata Employees described in Section 4.1(e) despite the fact that the Effective Time precedes the Return Date, as applicable, or a Former Teradata Employee as of the Effective Time shall be converted into a Teradata Restricted
Stock Unit or a share of Teradata Restricted Stock, and shall otherwise be subject to the vesting conditions after the Effective Time as the vesting conditions applicable to such Old NCR Restricted Stock Unit or shares of Old NCR Restricted Stock
immediately prior to the Effective Time; provided, however, that from and after the Effective Time, (i) the number of shares of Teradata Common Stock covered by such Teradata Restricted Stock Unit or number of shares of Teradata
Restricted Stock held by the participant, as applicable, rounded to the nearest whole share, shall be equal to the product of (x) the number of shares of NCR Common Stock covered by such Old NCR Restricted Stock Unit or the number of shares of
Old NCR Restricted Stock immediately prior to the Effective Time and (y) the Teradata Ratio; and (ii) except as provided above, the terms and conditions of such Teradata Restricted Stock and Teradata Restricted Stock Units shall be
governed by the terms of the Teradata Corporation 2007 Stock Incentive Plan. 
 (f) NCR Restricted Stock Units and NCR Restricted Stock
Held by Non-Employee Directors. As determined by the Committee in its sole discretion pursuant to its authority under the applicable NCR Long-Term Incentive Plan, each Old NCR Restricted Stock Unit and share of Old NCR Restricted Stock held as
of the Effective Time by individuals who are or were as of August 28, 2007 non-employee directors of NCR shall be converted into both a Teradata Restricted Stock Unit and a New NCR Restricted Stock Unit; provided, however, that
subsequent to the Effective Time (i) the number of shares of Teradata Common Stock subject to the Teradata Restricted Stock Unit will equal the number of shares of NCR Common Stock subject to the Old NCR Restricted Stock Unit outstanding as of
immediately before the Effective Time; (ii) the number of shares of NCR Common Stock subject to the New NCR Restricted Stock Unit will equal the number of shares of NCR Common Stock subject to the Old NCR Restricted Stock Unit as of immediately
before the Effective Time; (iii) except as provided above, the New NCR Restricted Stock Units shall otherwise be subject to the same terms and conditions after the Effective Time as the terms and conditions applicable to such Old NCR Restricted
Stock Unit immediately prior to the Effective Time; and (iv) except as provided above, the terms and conditions of the Teradata Restricted Stock Units shall be governed by the terms of the Teradata Corporation 2007 Stock Incentive Plan.

 (g) Foreign Grants/Awards. To the extent that the NCR Awards are granted to non-U.S. employees under any domestic or foreign
equity-based incentive program sponsored by a member of the NCR Group, NCR and Teradata shall use their commercially reasonable efforts to preserve, at and after the Effective Time, the value and tax treatment accorded to such NCR Awards granted to
non-U.S. employees under any domestic or foreign equity-based incentive program sponsored by any member of the NCR Group. 
 (h)
Miscellaneous Award Terms. After the Distribution Date, NCR Awards adjusted pursuant to Section 5.2, regardless of by whom held, shall be settled by NCR pursuant to the terms of the NCR Long-Term Incentive Plan, and Teradata Awards,
regardless of by 

  

 -18- 

 
whom held, shall be settled by Teradata pursuant to the terms of the Teradata Stock Incentive Plan. The Distribution shall not constitute a termination of
employment for any Teradata Employee for purposes of any Award (for the avoidance of doubt, the foregoing shall apply to obligations under any deferred compensation plans). 
 (i) Waiting Period for Exercisability of Options and Grant of Options and Awards. The NCR Options and Teradata Options shall not be exercisable
during a period beginning on a date prior to the Distribution Date determined by NCR in its sole discretion, and continuing until the NCR Initial Stock Value and the NCR Stock Value are determined immediately after the Distribution, or such longer
period as NCR determines necessary to implement the provisions of this Section 5.2. 
 (j) Restrictive Covenants. 
 (i) Following the Distribution Date, Teradata shall use its commercially reasonable efforts to monitor the Teradata Employees and Former Teradata
Employees to determine whether any such Teradata Employees or Former Teradata Employees have breached any of the restrictive covenants in the agreements evidencing the terms of their Teradata Awards received as a result of the Award conversions
described in this Section 5.2. As soon as practicable following Teradata’s actual knowledge that a Teradata Employee or Former Teradata Employee who is or was global grade level 15 or above has, or reasonably may be believed to have,
breached any such covenant, Teradata shall provide NCR in writing with the name and address of such employee or former employee and the name and address of the enterprise in which such employee or former employee is believed to have been engaged.
Notwithstanding the foregoing or anything in any agreement evidencing the terms of any Teradata Awards to the contrary, it shall not be a violation of any non-competition or non-solicitation of clients or customers covenant under such awards for a
holder of a Teradata Award to engage in acts on behalf of Teradata or a member of the Teradata Group that are otherwise prohibited by the terms of such non-competition or non-solicitation of clients or customers covenants. To the extent that a
Teradata Award described herein contains one or more restrictive covenants, NCR shall be deemed an intended, express third-party beneficiary to such Teradata Award such that NCR may enforce such covenants against the Teradata Employee or Former
Teradata Employee for violations of such covenants occurring during the twelve-month period beginning upon the Effective Time. 
 (ii)
Following the Distribution Date, NCR shall use its commercially reasonable efforts to monitor the NCR Employees and Former NCR Employees to determine whether any such NCR Employees or Former NCR Employees have breached any of the restrictive
covenants in the agreements evidencing the terms of their new NCR Awards received as a result of the Award conversions described in this Section 5.2. As soon as practicable following NCR’s actual knowledge that an NCR Employee or Former
NCR Employee who is or was global grade level 15 or above has, or reasonably may be believed to have, breached any such covenant, NCR shall provide Teradata writing with the name and address of such employee or former employee and the name and
address of the enterprise in which such employee or former employee is believed to have been engaged. Notwithstanding the foregoing or anything in any agreement evidencing the terms of any new NCR Awards to the contrary, it shall not be a violation
of any non-competition or non-solicitation of clients or customers 

  

 -19- 

 
covenant under such awards for a holder of a new NCR Award to engage in acts on behalf of NCR or a member of the NCR Group that are otherwise prohibited by
the terms of such non-competition or non-solicitation of clients or customers covenants. To the extent that a new NCR Award described herein contains one or more restrictive covenants, Teradata shall be deemed an intended, express third-party
beneficiary to such Award such that Teradata may enforce such covenants against the NCR Employee or Former NCR Employee for violations of such covenants occurring during the twelve-month period beginning upon the Effective Time. 
 5.3 Registration Requirements. As soon as possible following the time as of which the Registration Statement (as defined in the Separation and
Distribution Agreement) is declared effective by the Securities and Exchange Commission but in any case before the Distribution Date and before the date of issuance or grant of any Teradata Option and/or shares of Teradata Common Stock pursuant to
this Article V, Teradata agrees that it shall file a Form S-8 Registration Statement with respect to and cause to be registered pursuant to the Securities Act of 1933, as amended, the shares of Teradata Common Stock authorized for issuance
under the Teradata Stock Incentive Plan as required pursuant to such Act and any applicable rules or regulations thereunder, with such registration to be effective on or prior to the Distribution Date. 
 5.4 NCR Non-Qualified Retirement Plans. Effective as of the Effective Time, NCR shall retain sponsorship of the NCR Non-Qualified Retirement Plans
and their related trusts and any other trusts or other funding arrangements established or maintained with respect to such plans, or any Assets held as of the Distribution Date with respect to such plans; and, subject to Section 5.2(h), all
Assets and Liabilities relating to, arising out of or resulting from claims incurred by or on behalf of any individuals with respect to benefits under the NCR Non-Qualified Retirement Plans. 
 5.5 Severance Plans. Except as expressly provided in Schedule VII hereto, or as required by applicable law, (a) as of the Effective Time, NCR
shall retain all Liabilities relating to the NCR Severance Pay Program and all Liabilities relating to, arising out of, or resulting from claims incurred by or on behalf of any NCR Employee or Former NCR Employee under such plans and Teradata shall
assume or retain, as applicable, all Liabilities relating to the NCR Severance Pay Program and all Liabilities relating to, arising out of, or resulting from claims incurred by or on behalf of any Teradata Employee or Former Teradata Employee under
such plans; (b) a Teradata Employee shall not be deemed to have terminated employment for purposes of determining eligibility for benefits under the NCR Severance Pay Program or other similar plans and programs in connection with or in
anticipation of the consummation of the transactions contemplated by the Separation and Distribution Agreement, and shall cease to be covered thereby as of the Effective Time and (c) Teradata shall be solely responsible for all Liabilities in
respect of all costs arising out of payments and benefits relating to the termination or alleged termination of any Teradata Employee’s employment that occurs as a result of or in connection with or following the consummation of the
transactions contemplated by the Separation and Distribution Agreement, including any amounts required to be paid (including any payroll or other taxes), and the costs of providing benefits, under any applicable severance, separation, redundancy,
termination or similar plan, program, practice, contract, agreement, law or regulation (such benefits to include any medical or other welfare benefits, outplacement benefits, accrued vacation, and taxes) (it being understood that, for the avoidance
of doubt, if NCR or a member of the NCR Group is required pursuant to applicable law to pay any such severance 

  

 20 

 
amount, to the extent permitted by applicable law, Teradata shall reimburse NCR for such amount upon request which shall include reasonable proof of, and
grounds for, such payment). 
 5.6 Employee Stock Purchase Plan. Each Teradata Employee and Former Teradata Employee shall be deemed
to have terminated employment as of the Effective Time for purposes of the NCR Employee Stock Purchase Plan and shall cease to participate in such plan as of the Effective Time. 
 5.7 Unused Vacation Pay. For purposes of determining any Teradata Employee’s entitlement to distribution of accrued vacation pay, a Teradata
Employee shall not be deemed to have terminated employment as a result of the his or her transfer to a member of the Teradata Group. 
 ARTICLE VI 
 GENERAL AND ADMINISTRATIVE 
 6.1 Sharing of Participant Information. NCR and Teradata shall share, and NCR shall cause each other member of the NCR Group to share, and Teradata shall cause each other member of the Teradata Group to share
with each other and their respective agents and vendors (without obtaining releases) all participant information necessary for the efficient and accurate administration of each of the Teradata Benefit Plans and the NCR Benefit Plans, to the fullest
extent permitted by applicable law. NCR and Teradata and their respective authorized agents shall, subject to applicable laws, be given reasonable and timely access to, and may make copies of, all information relating to the subjects of this
Agreement in the custody of the other party, to the extent necessary for such administration. Until the Effective Time, all participant information shall be provided in the manner and medium applicable to participating companies in Benefit Plans of
NCR generally, and thereafter, all participant information shall be provided in a manner and medium as may be mutually agreed to by NCR and Teradata. Without limiting the generality of the foregoing, within 10 days following the end of each fiscal
quarter of NCR following the Effective Time, Teradata shall provide to NCR, at Teradata’s sole expense, a list of each Teradata Employee who is entitled to benefits under Section 3.4(c) or 4.5(a) and has terminated employment with
Teradata, including a termination by reason of a Disaffiliation, and the date of termination of such Teradata Employee in order that NCR may provide the benefits to such Teradata Employees pursuant to Sections 3.4(c) and 4.5(a), respectively.

 6.2 Reasonable Efforts/Cooperation. Each of the parties hereto will use its commercially reasonable efforts to promptly take, or
cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable laws and regulations to consummate the transactions contemplated by this Agreement. Each of the parties hereto shall cooperate
fully on any issue relating to the transactions contemplated by this Agreement for which the other party seeks a determination letter or private letter ruling from the Internal Revenue Service, an advisory opinion from the Department of Labor or any
other filing, consent or approval with respect to or by a governmental agency. 
 6.3 No Third-Party Beneficiaries. This Agreement is
solely for the benefit of the Parties and is not intended to confer upon any other Persons any rights or remedies hereunder. 

  

 -21- 

 
Except as expressly provided in this Agreement, nothing in this Agreement shall preclude NCR or any other member of the NCR Group, at any time after the
Effective Time, from amending, merging, modifying, terminating, eliminating, reducing, or otherwise altering in any respect any NCR Benefit Plan, any benefit under any Benefit Plan or any trust, insurance policy or funding vehicle related to any NCR
Benefit Plan. Except as expressly provided in this Agreement, nothing in this Agreement shall preclude Teradata or any other member of the Teradata Group, at any time after the Effective Time, from amending, merging, modifying, terminating,
eliminating, reducing, or otherwise altering in any respect any Teradata Benefit Plan, any benefit under any Benefit Plan or any trust, insurance policy or funding vehicle related to any Teradata Benefit Plan. 
 6.4 Audit Rights With Respect to Information Provided. 
 (a) Each of NCR and Teradata, and their duly authorized representatives, shall have the right to conduct reasonable audits with respect to all information required to be provided to it by the other party under this
Agreement, provided that the party conducting the audit (the “Auditing Party”) shall have provided 30 days’ prior written notice to the other party prior to the audit, unless a shorter amount of time is required in order to
comply with applicable law, court or governmental order. The Auditing Party may adopt reasonable procedures and guidelines for conducting audits and the selection of audit representatives under this Section 6.4. The Auditing Party shall have
the right to make copies of any records at its expense, subject to any restrictions imposed by applicable laws and to any confidentiality provisions set forth in the Separation and Distribution Agreement, which are incorporated by reference herein.
The party being audited shall provide the Auditing Party’s representatives with reasonable access during normal business hours to its operations, computer systems and paper and electronic files, and provide workspace to its representatives.
After any audit is completed, the party being audited shall have the right to review a draft of the audit findings and to comment on those findings in writing within ten business days after receiving such draft. 
 (b) The Auditing Party’s audit rights under this Section 6.4 shall include the right to audit, or participate in an audit facilitated by the
party being audited, of any Subsidiaries and Affiliates of the party being audited and to require the other party to request any benefit providers and third parties with whom the party being audited has a relationship, or agents of such party, to
agree to such an audit to the extent any such persons are affected by or addressed in this Agreement (collectively, the “Non-parties”). The party being audited shall, upon written request from the Auditing Party, provide an
individual (at the Auditing Party’s expense) to supervise any audit of a Non-party. The Auditing Party shall be responsible for supplying, at the Auditing Party’s expense, additional personnel sufficient to complete the audit in a
reasonably timely manner. The responsibility of the party being audited shall be limited to providing, at the Auditing Party’s expense, a single individual at each audited site for purposes of facilitating the audit. 
 6.5 Fiduciary Matters. It is acknowledged that actions required to be taken pursuant to this Agreement may be subject to fiduciary duties or
standards of conduct under ERISA or other applicable law, and no party shall be deemed to be in violation of this Agreement if it fails to comply with any provisions hereof based upon its good faith determination that to do so would violate such a
fiduciary duty or standard. Each party shall be responsible for taking such actions 

  

 -22- 

 
as are deemed necessary and appropriate to comply with its own fiduciary responsibilities and shall fully release and indemnify the other party for any
Liabilities to the extent caused by the failure to satisfy any such responsibility. 
 6.6 Consent of Third Parties. If any provision
of this Agreement is dependent on the consent of any third party (such as a vendor or employee) and such consent is withheld, the parties hereto shall use their commercially reasonable efforts to implement the applicable provisions of this Agreement
to the full extent practicable. If any provision of this Agreement cannot be implemented due to the failure of such third party to consent, the parties hereto shall negotiate in good faith to implement the provision in a mutually satisfactory
manner. The phrase “commercially reasonable efforts” as used herein shall not be construed to require any party to incur any non-routine or unreasonable expense or Liability or to waive any right. 
 6.7 Non-Solicitation/Non-Hire of Service Providers. 
 (a) NCR shall not, at any time during the 12-month period following the Effective Time (the “Restricted Period”), without the prior written consent of the Chief Executive Officer of Teradata, directly
or indirectly, solicit, recruit or hire (whether as an employee, officer or director) any “Restricted Person” (as defined below). Further, during the Restricted Period, NCR shall not willfully encourage or induce any management employee
who is global grade level 15 or above of Teradata or any member of the Teradata Group with the intent that such person cease his or her employment relationship with Teradata or any member of the Teradata Group by expressly or implicitly offering or
promising anything of value to the then-current employee. For purposes of this Section, the term “Restricted Person” shall mean any person who is during the Restricted Period, or was at any time during the three months prior to such
solicitation, recruitment or hiring, an employee, officer or director of Teradata or any member of the Teradata Group, and notwithstanding the foregoing, shall not include (and the foregoing provisions of this Section shall not apply to)
(i) any officer or employee whose employment with Teradata or any member of the Teradata Group is terminated by Teradata or any member of the Teradata Group without “cause” including by reason of a reduction-in-force; (ii) any
person whose employment with Teradata or any member of the Teradata Group is terminated by Teradata or any member of the Teradata Group after the Effective Time for “cause” as determined by Teradata or any member of the Teradata Group at
the time of such termination; (iii) any person who is serving, or has at any time served, Teradata or any member of the Teradata Group solely as an intern and does not serve, and has not served, Teradata or any member of the Teradata Group in
any other capacity; or (iv) for the avoidance of doubt, any person other than a non-employee director of Teradata serving Teradata or any member of the Teradata Group solely as an independent contractor. Notwithstanding anything to the contrary
set forth above in this Section, (a) the foregoing prohibitions on recruitment, solicitation, inducing and encouraging do not apply to actions taken by NCR solely as a result of an employee’s affirmative response to a general recruitment
effort carried out through a public solicitation or general solicitation so long as such solicitation is not targeted at directors, officers or employees of Teradata or any member of the Teradata Group (it being understood that the foregoing
non-hire covenants would still be applicable and that NCR would provide such applicant notice of the restrictions set forth in the Section), and (b) to the extent necessary to comply with any applicable ethical standards governing the conduct
of attorneys, the foregoing provisions of this Section shall not apply in a manner that would restrict the right of a lawyer to provide services to NCR after termination of the lawyer’s relationship with Teradata or any member of the Teradata
Group. 
  

 -23- 

 (b) Teradata shall not, at any time during the Restricted Period, without the prior written consent of
the Chief Executive Officer of NCR, directly or indirectly, solicit, recruit or hire (whether as an employee, officer or director) any “Restricted Person” (as defined below). Further, during the Restricted Period, Teradata shall not
willfully encourage or induce any management employee who is global grade level 15 or above of NCR or any member of the NCR Group with the intent that such person cease his or her employment relationship with NCR or any member of the NCR Group for
any reason by expressly or implicitly offering or promising anything of value to the then-current employee. For purposes of this Section, the term “Restricted Person” shall mean any person who is during the Restricted Period, or was at any
time during the three months prior to such solicitation, recruitment or hiring, an employee, officer or director of NCR or any member of the NCR Group, and notwithstanding the foregoing, shall not include (and the foregoing provisions of this
Section shall not apply to) (i) any officer or employee whose employment with NCR or any member of the NCR Group is terminated by NCR or any member of the NCR Group without “cause” including by reason of a reduction-in-force;
(ii) any person whose employment with NCR or any member of the NCR Group is terminated by NCR or any member of the NCR Group after the Effective Time for “cause” as determined by NCR or any member of the NCR Group at the time of such
termination; (iii) any person who is serving, or has at any time served, NCR or any member of the NCR Group solely as an intern and does not serve, and has not served, NCR or any member of the NCR Group in any other capacity; or (iv) for
the avoidance of doubt, any person other than a director of NCR serving NCR or any member of the NCR Group solely as an independent contractor. Notwithstanding anything to the contrary set forth above in this Section, (a) the foregoing
prohibitions on recruitment, solicitation, inducing and encouraging do not apply to actions taken by Teradata solely as a result of an employee’s affirmative response to a general recruitment effort carried out through a public solicitation or
general solicitation so long as such solicitation is not targeted at directors, officers or employees of NCR or any member of the NCR Group (it being understood that the foregoing non-hire covenants would still be applicable and that Teradata would
provide such applicant notice of the restrictions set forth in the Section) and (b) to the extent necessary to comply with any applicable ethical standards governing the conduct of attorneys, the foregoing provisions of this Section shall not
apply in a manner that would restrict the right of a lawyer to provide services to Teradata after termination of the lawyer’s relationship with NCR or any member of the NCR Group. 
 ARTICLE VII 
 7.1 Further Actions. The parties hereto agree to take, or
to cause to be taken, all actions required by of Schedule VII hereto, the provisions of which are incorporated by reference and made a part of this Agreement. 
  

 -24- 

 ARTICLE VIII 
 MISCELLANEOUS 
 8.1 Effect If Distribution Does Not Occur. If the Separation and Distribution
Agreement is terminated prior to the Distribution Date, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or as of the Effective Time, or immediately after the Effective Time, or
otherwise in connection with the Separation Transactions shall not be taken or occur except to the extent specifically agreed by NCR and Teradata. 
 8.2 Relationship of Parties. Nothing in this Agreement shall be deemed or construed by the parties or any third party as creating the relationship of principal and agent, partnership or joint venture between the parties, it being
understood and agreed that no provision contained herein, and no act of the parties, shall be deemed to create any relationship between the parties other than the relationship set forth herein. 
 8.3 Affiliates. Each of NCR and Teradata shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and
obligations set forth in this Agreement to be performed by another member of the NCR Group or a member of the Teradata Group, respectively. 
 8.4 Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be deemed given to a party when (a) delivered to the appropriate address by hand or by nationally recognized
overnight courier service (costs prepaid); (b) sent by facsimile with confirmation of transmission by the transmitting equipment; or (c) received or rejected by the addressee, if sent by certified mail, return receipt requested, in each
case to the following addresses and facsimile numbers and marked to the attention of the person (by name or title) designated below (or to such other address, facsimile number or person as a party may designate by notice to the other parties):

  

	 	(a)	if to NCR: 

  

	 	  	NCR Corporation 

	 	  	General Counsel – NOTICES 

	 	  	1700 S. Patterson Blvd., WHQ-1 

	 	  	Dayton, OH 45479 

	 	  	Facsimile: (937) 445-7214 

  

	 	(b)	if to Teradata: 

  

	 	  	Teradata Corporation 

	 	  	General Counsel – NOTICES 

  

 -25- 

 Law.notices@teradata.com  
 On or before December 31, 2007: 
 1700 S. Patterson Blvd., WHQ-4 
 Dayton, Ohio 45479  
 After December 31, 2007: 
 2835 Miami Village Drive 
 Miamisburg, OH 45342 
 8.5 Incorporation of Separation and Distribution Agreement Provisions. The following provisions of the Separation and Distribution Agreement are hereby incorporated herein by reference, and unless otherwise
expressly specified herein, such provisions shall apply as if fully set forth herein (references in this Section 8.5 to an “Article” or “Section” shall mean Articles or Sections of the Separation and Distribution Agreement,
and references in the material incorporated herein by reference shall be references to the Separation and Distribution Agreement): Articles VIII, IX, X and XI. 
  

 -26- 

 IN WITNESS WHEREOF, the parties have caused this Employee Benefits Agreement to be duly executed as of
the day and year first above written. 
  

			
	NCR CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TERADATA CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 -27-Form of Exclusive Patent License Agreement

 Exhibit 10.4 
 EXCLUSIVE PATENT LICENSE 
 THIS EXCLUSIVE PATENT LICENSE (hereinafter “EPL”) is effective
as of                             , by and between NCR Corporation, a Maryland corporation, having a
principal place of business at 1700 S. Patterson Blvd., Dayton, Ohio 45479 (hereinafter “NCR”), and Teradata US, Inc., a Delaware corporation, having a principal place of business at 1700 S. Patterson Blvd., Dayton, Ohio 45479 (hereinafter
“Teradata”), each hereinafter referred to as a “Party.” 
 RECITALS 
 WHEREAS, the Board of Directors of NCR has determined that it is in the best interests of NCR and its shareholders to separate NCR’s existing
businesses into two independent businesses; 
 WHEREAS, in furtherance of the foregoing, it is appropriate and desirable to transfer the
Teradata Assets to Teradata and its Subsidiaries and to cause Teradata and its Subsidiaries to assume the Teradata Liabilities; 
 WHEREAS,
NCR and Teradata Corporation are executing a Separation and Distribution Agreement (the “Separation Agreement”), to which this EPL is an Ancillary Agreement; 
 WHEREAS, as part of the foregoing, NCR is granting to Teradata an exclusive license, in certain NCR patents and applications commonly referred to as the eCommerce Patents; and 
 WHEREAS, the Parties desire to define the scope of their respective rights and obligations under the eCommerce Patents; 
 NOW, THEREFORE, in consideration of the promises and the mutual covenants hereinafter contained and other good and valuable consideration, the
sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 Article 1 
 DEFINITIONS 
 Except as
otherwise expressly provided herein, all capitalized terms used herein have the meanings assigned to them in the Separation Agreement. As used in this EPL, the following terms shall have the meanings indicated. 
  

	1.1	“eCommerce Patents” means the United States patents and patent applications listed in Schedule 1. 

  

	1.2	“Teradata Field Prospect” means a company that is not an NCR customer or competitor to NCR, whether in the NCR Fields or in any other fields or lines of business of NCR at
that time, and that: 

  

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 (a) offers goods and services solely over the Internet, and through no other channels; 
 (b) principally manufactures goods; 
 (c)
principally provides services for the distribution and movement of goods (i.e., not at the retail level) for other parties; 
 (d) principally
underwrites insurance policies (but banks, savings and loans institutions, credit unions, and other like financial institutions shall be excluded from this subpart (d)); 
 (e) principally provides telecommunication services; 
 (f) principally produces and distributes entertainment
via media channels, but excluding companies that provide gaming or gambling products or services; 
 (g) is a government agency; 

(h) is a current prospect expressly identified by name on Schedule 2; or 
 (i) is expressly approved in advance by NCR’s General Counsel, in a writing that expressly references this Section 1.2(i), as being an actual or potential licensee to the eCommerce Patents for which Teradata
will have exclusive rights to grant licenses. 
  

	1.3	“Teradata Prospect” means a Teradata Field Prospect that is proposed with particularity by Teradata and pre-approved in writing by NCR, and that does not engage in making,
selling, or licensing one or more of the following (in each instance, including hardware, software, peripherals and/or services): (a) automated teller machines; (b) self-service devices; (c) kiosks; (d) retail point-of-sale
terminals and equipment; (e) bar code scanners; (f) check processing systems; (g) financial institution branch automation hardware; or (h) business consumables or printer peripherals. 

  

	1.4	“NCR Prospect” means any company, person, or other entity that is not a Teradata Prospect. 

  

	1.5	“Litigation” means any action for patent infringement (or, with respect to defensive matters, patent invalidity) in any judicial forum, in any arbitration proceedings, or
in any other alternative dispute resolution proceedings, whether in the United States or in any other country of the world. 

  

	1.6	“Licensing Income” shall mean all income (including in-kind, barter, or product sale income) actually received by or imputed to a Party in connection with any license or
other agreement (including, but not limited to, a covenant not to sue or release) principally involving one or more eCommerce Patents. Licensing Income, however, shall not include either of the following: 

  

 2/12 

 (a) Income received in the form of a sale of an actively utilized product or service, or product credits
toward such a sale, where such sale or credits are the specified consideration in the license of one or more eCommerce Patents. 
 (i) Where a
license provides credits to be used against the purchase of future products or services, any revenue or income imputed from or associated with such credits shall not be deemed to be Licensing Income provided the credits are actually used for
products or services within 12 months of execution of the license; where utilization of the credits for purchase of products or services does not occur in whole or in part within 12 months of execution of the license, then the value of the unused
credits shall be deemed to constitute Licensing Income, and the Licensing Share thereon shall be payable within 45 days following the expiration of the 12 month period. 
 (ii) Where the consideration for a license is the purchase of products or services by the licensee, and such products or services are not placed in active and productive use by the licensee within 12 months of the
license, the value of the unutilized products or services shall be deemed to constitute Licensing Income, and the Licensing Share thereon shall be payable within 45 days following expiration of the 12 months. 
 (b) Income received by or imputed to NCR in a judgment, award or settlement in Litigation, where the eCommerce Patents were utilized either defensively or
offensively in response to claims asserted by a third party. 
  

	1.7	“Licensing Share” shall mean fifty percent (50%) of the following net sum: Licensing Income less reasonable outside counsel fees and reasonable outside expenses
(e.g., fees and reimbursable expenses for third-party experts and consultants, deposition transcribing and transcripts, copying/scanning of discovery documents, arbitrator, mediator and arbitration/mediation association fees and reasonable
reimbursable expenses, and reimbursable travel expenses of outside counsel )(together, “Outside Fees”). Outside Fees must be such fees and expenses actually paid, net of any current or subsequent rebates, discounts, or other concessions.

  

	1.8	“NCR Fields” shall mean software, hardware, components, systems, processes, methods, firmware, middleware and professional services for or relating to:

 (a) Self-service terminals (SSTs), including, but not limited to, automated teller machines; kiosks; self-checkout terminals
in retail and other settings; airline, hotel and hospital/medical check-in and/or check-out terminals; bill payment terminals; statement terminals; terminals for payment of taxes, fines, penalties or other governmental obligations; terminals for
purchase of goods; and information terminals; 
  

 3/12 

 (b) Point of sale (POS) equipment, including, but not limited to, terminals, scanners, printers,
self-checkout, shelf labeling systems and other peripherals used or suitable for use in a retail environment; 
 (c) Check and item
processing, whether involving processing of paper documents or electronic images, and check-clearing systems; 
 (d) Consumable media
products, including, but not limited to, paper rolls or receipts, printer cartridges, printer ribbons of any kind (for example and without limitation, thermal transfer ribbons and magnetic thermal transfer ribbons), printer paper, receipt/check
paper, and business forms and labels; 
 (e) Payment processing, including, but not limited to, readers, imagers, analyzers, validators, and
sorters for checks, remittance slips, and other payment items; 
 (f) Radio-frequency identification (RFID) systems; and 
 (g) Taggants comprising host matrices (such as silica) doped with one or more luminophores (such as rare earth elements), readers for such taggants, and
authentication systems for validating such taggants. 
  

	1.9	“Change-in-Control” means 

 (i)
The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of
Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (a) the then outstanding shares of common stock of a Party (the “Outstanding Company Common Stock”) or (b) the combined voting power of the then outstanding
voting securities of a Party entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following acquisitions shall not
constitute a Change in Control: (A) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by a Party or any corporation controlled by a Party, or (B) any acquisition pursuant to a transaction which
complies with clauses (A) and (B) of subsection (ii) of this definition; or 
 (ii) Consummation of a
reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of a Party or the acquisition of assets of another entity (a “Corporate Transaction”), in each case, unless, following such
Corporate Transaction, (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such
Corporate Transaction beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the
election of directors, as the case may be, 

  

 4/12 

 
of the corporation resulting from such Corporate Transaction (including, without limitation, a corporation which as a result of such transaction owns a Party
or all or substantially all of a Party’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Corporate Transaction of the Outstanding Company Common
Stock and Outstanding Company Voting Securities, as the case may be; and (B) no Person (excluding any employee benefit plan (or related trust) of a Party or such corporation resulting from such Corporate Transaction) beneficially owns, directly
or indirectly, 50% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Corporate Transaction or the combined voting power of the then outstanding voting securities of such corporation except
to the extent that such ownership existed prior to the Corporate Transaction; or 
 (iii) A disposition by a Party in a transaction or series of related transactions of a majority of its assets (measured by the fair market value thereof at the time of such disposition). 
 Article 2 
 LICENSING AND
ENFORCEMENT RIGHTS 
  

	2.1	Licensing of eCommerce Patents to Third Parties 

 (a)
Teradata shall have the exclusive right to grant, subject to Sections 2.2 and 2.3 below, nonexclusive, personal, non-assignable and non-transferable licenses under the eCommerce Patents to any Teradata Prospect anywhere in the world. NCR hereby
consents to the grant of such licenses by Teradata, and gives such consent to the extent that such consent is necessary to effectuate the licenses granted. 
 (b) NCR shall retain all other rights in and to the eCommerce Patents, and all other rights to enforce the eCommerce Patents, including, but not limited to, the exclusive right to grant, subject to Sections 2.2 and
2.4 below, licenses under eCommerce Patents to any NCR Prospect anywhere in the world, and the right to sell the eCommerce Patents, subject to this EPL. 
  

	2.2	Accounting for Licensing Incomes 

 (a) Each Party as
licensor shall promptly report to the other Party not later than 30 days following execution of a license or other agreement relating to the eCommerce Patents (such as but not limited to a covenant not to sue or a release), and by identifying the
licensee or other party, the particular scope of the license or other right or benefit granted, the licensee’s or other party’s business, and the specific consideration for the license, right or benefit (by way of non-exhaustive examples
only, one-time cash payments, ongoing royalty payments, schedule of 

  

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lump-sum payments, credits for future purchases, or contemporaneous purchase of products or services). Such reports shall set forth all Licensing Income or
other consideration to be received by such Party licensor, as well as Outside Fees associated with that license. Additionally, where Licensing Income is determined retroactively (see Sections 1.6(a) (i) and (ii)), a report to that effect shall
be prepared within 30 days of the expiration of the relevant 12-month period. 
 (b) Within forty-five (45) days of receiving a payment,
such Party licensor shall remit to the other Party the Licensing Share associated with such payment. 
 (c) Each party shall preserve its
books and records pertaining to Licensing Income, and to its Outside Fees against Licensing Income, for a period of not less than three years following the final payment on any particular license, and shall make them available to the other party
upon reasonable request, not more frequently than once per annum. 
  

	2.3	Teradata Licensing Restrictions 

 (a) Except to the extent,
if any, otherwise expressly agreed upon in advance and in writing by NCR’s General Counsel on a case-by-case basis and specifically referencing this Section of the EPL for expressly identified Teradata Prospects, each license of one or more
eCommerce Patents by Teradata must be made subject to, and must expressly include, the following terms: 
 i) a grant-back
license from the licensee under any patent or patent application owned or controlled by the licensee in favor of NCR for not less than the NCR Fields, for NCR’s internal operations, and NCR’s then current product sales and lines of
business, if different from the NCR Fields, at no charge to NCR; 
 ii) a defensive termination provision in favor of NCR,
which states that if licensee should at any time file a lawsuit or other adversary proceeding against NCR for any reason or cause (whether related to patents or for any claims otherwise accruing on or before the date of the applicable license), the
license granted by Teradata shall immediately terminate; NCR shall have the exclusive right thereafter to enforce the eCommerce Patents against such licensee; 
 iii) in order to effectuate subpart (ii) above, NCR shall be identified by name as an express third-party beneficiary of the license
agreement with such licensee; 
 iv) the license must not extend to any website, service, act, tool, or product of licensee to
the extent that the same is connected to, touches upon or operates within any NCR Field; and 
 v) free assignability to NCR,
so as to effectuate the Change-in-Control and other provisions of this EPL. 
 (b) Except to the extent, if any, otherwise expressly agreed
upon in advance 

  

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and in writing by NCR’s General Counsel on a case-by-case basis and specifically referencing this Section of the EPL for expressly identified Teradata
Prospects, each license of one or more eCommerce Patents by Teradata must yield a minimum License Revenue of 0.3% of the estimated most recent year of annual infringing revenue, such estimate to be determined in good faith by counsel and/or damages
expert witnesses. A lower amount will be accepted only if such amount is pre-approved in writing by NCR, such approval being within the sole discretion of NCR, which approval may be granted or withheld for any reason or no reason. 
 (c) Except to the extent, if any, otherwise expressly agreed upon in advance and in writing by NCR’s General Counsel on a case-by-case basis and
specifically referencing this Section of the EPL for expressly identified Teradata Prospects, each license must be provided to NCR at least 10 business days prior to execution so that NCR may review the agreement to ensure that it complies with the
provisions of this EPL. NCR shall promptly review the proposed license and either approve it in writing or identify to Teradata any parts that do not comply with this EPL. Teradata may not enter into such license until approved by NCR.
Notwithstanding the preceding language in this Section 2.3(c), NCR will cooperate with Teradata to develop “pre-approved” contract terms for the matters set out in 2.3(a) above that, if used by Teradata, will not require further
review by NCR prior to execution of an agreement. 
  

	2.4	NCR Licensing Restrictions 

 For each license of one or
more eCommerce Patents by NCR, NCR will employ commercially reasonable efforts to obtain a grant-back license from the licensee under any patent or patent application owned or controlled by licensee in favor of Teradata at least with respect to
Teradata’s then-current lines of business, product offerings and internal business-use operations, it being understood, however, that there is neither a guarantee nor an undertaking that NCR will be able to achieve such terms in any particular
instance. 
  

	2.5	Enforcement of eCommerce Patents 

 (a) Teradata shall have
the right to bring Litigation against any Teradata Prospect under any eCommerce Patent, subject to Section 2.5(c), below. NCR does not consent to be joined as a party to Litigation initiated by Teradata; rather, such may only occur by advance
express written consent by NCR. 
 (b) NCR shall have the right to bring Litigation against any NCR Prospect under any eCommerce Patent,
without the consent of Teradata. Teradata does not consent to be joined as a party to Litigation initiated by NCR; rather, such may only occur by advance express written consent by Teradata. 
 (c) Except to the extent, if any, otherwise expressly agreed upon in advance and in writing by NCR’s General Counsel on a case-by-case basis and
specifically 

  

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referencing this Section of the EPL for expressly identified Teradata Prospects, Teradata shall notify NCR, in writing, at least thirty (30) days prior
to initiation by Teradata of any Litigation involving one or more eCommerce Patents; the Parties agree to negotiate with each other in good faith and expeditiously in the event that NCR determines that initiation of Litigation is contrary to its
interests, and Teradata shall not initiate proceedings during the pendency of such negotiations. 
 (d) Unless otherwise agreed by the
Parties, the Party initiating any Litigation involving any eCommerce Patent or having Litigation initiated against it involving any eCommerce Patent (e.g., such as an action for declaratory judgment of invalidity and/or non-infringement)
(i) shall promptly notify the other Party of the initiation of such Litigation, (ii) shall have sole control of the Litigation, and (iii) shall be solely responsible for all attorney fees and litigation expenses and any adverse
judgments (including the reasonable attorney fees and expenses associated with requested participation of the other Party if that party is joined in, impleaded in, or elects to join in or intervene in the Litigation). 
 (e) Teradata will vigorously protect, support and defend the eCommerce Patents from and against any claims of invalidity based upon Litigation initiated
by Teradata or initiated by a Teradata Prospect. If in NCR’s judgment Teradata fails to do so, NCR may seek to intervene for that purpose in any such Litigation, or if intervention is denied or not practicable, shall identify counsel acceptable
to NCR which Teradata shall then cause to enter an appearance on its behalf for purposes of controlling that aspect of the litigation, and Teradata shall be responsible for NCR’s actually-incurred reasonable attorney fees and litigation
expenses in either such instance. 
 (f) Each Party shall promptly notify the other Party in the event that any third party asserts by
lawsuit, license discussions, demand letter or response thereto, or otherwise any invalidity claims or inequitable conduct claims as to any eCommerce Patent. 
 Article 3 
 PATENT PROSECUTION AND MAINTENANCE OF ECOMMERCE PATENTS 
  

	3.1	All expenses for prosecuting each eCommerce Patent and for issue of each eCommerce Patent shall be borne solely by NCR. At NCR’s request, Teradata shall furnish NCR any
assistance, without charge, that may be necessary during the prosecution of such patent application. 

  

	3.2	 The Parties agree that all decisions to abandon a patent or patent application shall be made jointly by the Parties, after consultation. (“Abandon” shall
have the meaning ascribed to it by practitioners of patent law.) In the event that NCR elects not to continue prosecution of any pending patent application which is an eCommerce Patent, or not to pay any tax or annuity due on an eCommerce Patent,

  

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and Teradata prefers the contrary course, NCR will offer to Teradata (and will effect an assignment if such offer is accepted) a fee-free assignment of
NCR’s interest in such application or eCommerce Patent. Thereafter Teradata shall be responsible for all costs and fees associated with such eCommerce Patent. 

  

	3.3	Teradata agrees not to make or otherwise participate directly or indirectly in requesting reexamination or other patent office proceeding of or with respect to any eCommerce Patent.

 Article 4 
 TERMINATION 
  

	4.1	Unless otherwise terminated as provided in this Article 4, this EPL shall remain in force and effect until the last to expire of the eCommerce Patents, and shall thereupon
terminate. 

  

	4.2	Either Party (as a “Non-Defaulting Party”) may terminate this EPL by providing written notice to the other Party (as a “Defaulting Party”), if the Defaulting
Party materially defaults under this EPL and fails to cure such default within sixty (60) days of receipt of written notice of such default from the Non-Defaulting Party. 

  

	4.3	In the event of a Change-in-Control of Teradata, all Teradata rights in this EPL and in the eCommerce Patents shall immediately cease and all right, title and interest in the
eCommerce Patents shall immediately vest with NCR. Teradata shall immediately assign to NCR, to the extent a license agreement does not do so automatically, all of its rights, title and interest in all license agreements, including the right to
receive future revenues or royalties, except that grant-back licenses, releases, covenants and waivers to Teradata by the licensee shall survive and continue to apply to Teradata’s operations and products to the extent set forth in the
applicable license. Teradata hereby agrees to take any action reasonably requested by NCR to execute or otherwise effectuate such change in rights. 

  

	4.4	In the event of a Change-in-Control of NCR in favor of HP, Oracle, IBM, SAP, or Microsoft, NCR shall promptly assign all right, title and interest in the eCommerce Patents to
Teradata as well as, to the extent a license agreement does not do so automatically, all of NCR’s rights, title and interest in all license agreements, including the right to receive future revenues or royalties, except that grant-back
licenses, releases, covenants and waivers to NCR by the licensee shall survive and continue to apply to NCR’s operations and products to the extent set forth in the applicable license. NCR hereby agrees to take any action reasonably requested
by Teradata to execute or otherwise effectuate such assignment. 

  

	4.5	Except where the contrary is specifically indicated in this EPL, any termination of this EPL shall be without prejudice to any cause of action or claim of either Party arising out
of or relating to any breach or default by the other Party, which cause of action or claim shall survive any termination. 

  

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	4.6	Teradata shall not assign its entire interest, or any portion thereof, in any eCommerce Patent to any third party without the express written consent of NCR. If any attempt is made
by Teradata to assign its interest in any eCommerce Patent without NCR’s express written consent, all of Teradata’s interests in this EPL and in all eCommerce Patents shall automatically and immediately be extinguished, without the
necessity of further action or notice by either party. 

 Article 5 
 REPRESENTATIONS; DISCLAIMER; LIMITATION OF LIABILITY 
  

	5.1	Except as set forth herein, NCR does not make any express or implied warranty or representation with respect to any of the eCommerce Patents, including without limitation any
warranty or representation regarding the usefulness, merchantability, validity, non-infringement, functional effectiveness, safety, performance or fitness for any particular use of any products or services covered by the rights granted hereunder.

  

	5.2	Teradata represents and warrants: (a) that it has the full power and authority to enter into this EPL; and (b) that it has not entered into and shall not enter into any
agreement with another party which is inconsistent or in conflict with this EPL in any respect, except with the advance express written consent of NCR’s General Counsel, specifically referencing this Section of this EPL.

  

	5.3	NCR represents and warrants: (a) that it has the full power and authority to enter into this EPL; and (b) that it has not entered into and shall not enter into any
agreement with another party which is inconsistent or in conflict with this EPL in any respect, except with the advance express written consent of Teradata’s General Counsel, specifically referencing this Section of this EPL.

  

	5.4	Each Party further represents and warrants that in executing this EPL, it does not rely on any promises, inducements, or representations made by the other Party or any third party
with respect to this EPL, or on any other business dealings with the other Party or any third party, now or in the future. 

  

	5.5	Other than the express warranties of this Article, there are no other warranties, express or implied or statutory. 

 Article 6 
 MISCELLANEOUS 

  

	6.1	Governing Law and Venue. This EPL and the rights of NCR and of Teradata hereunder shall be interpreted, governed, construed, applied and enforced in accordance with the
provisions of Section 11.2 of the Separation Agreement, which is incorporated herein by reference. 

  

	6.2	 Notice. Any notice or request required or permitted to be given under or in connection with this EPL or the subject matter hereof shall be deemed to have

  

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been sufficiently given when dispatched in accordance with the provisions of Section 11.5 of the Separation Agreement, which is incorporated herein by
reference. 

  

	6.3	No Construction Against Drafter. If an ambiguity or question of intent arises with respect to any provision of this EPL, the EPL will be construed as authored jointly by the
parties and no presumption or burden of proof will arise favoring or disfavoring either Party by virtue of authorship of any of the provisions of this EPL. Each Party acknowledges it has had the assistance of counsel in drafting and negotiating this
EPL. 

  

	6.4	Facsimile Original. Except as otherwise stated herein, in lieu of the original documents, a facsimile copy of the original documents, or a copy produced from a digital file
(for example, a TIFF or PDF file) containing an image of the original documents, shall be as effective and enforceable as the original documents. 

  

	6.5	Confidentiality. Except to the extent necessary to implement the terms of this EPL or as expressly set forth in this paragraph below, all terms herein shall be kept
confidential. Notwithstanding the foregoing, either or both parties may disclose the EPL or its terms to the extent required for legal, accounting, insurance, auditing, SEC disclosure and tax purposes. 

  

	6.6	Export Controls. In exercising its rights and performing its duties under the EPL, each Party shall comply with all export laws, restrictions, national security controls and
regulations of the United States, and all other applicable foreign agencies and authorities. 

  

	6.7	Entire Understanding. This EPL, the Separation Agreement, the other Ancillary Agreements and the Exhibits, Schedules and Appendices hereto and thereto contain the entire
agreement between the parties with respect to the subject matter hereof, and supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter. There are no
agreements or understandings between the parties other than those set forth or referred to herein or therein. In the event of conflict between this EPL and the Separation Agreement or any of the other documents referenced in this Section 6.7 or
otherwise, the terms of this EPL shall govern and control. This EPL cannot be modified or amended except in a writing signed by an authorized representative of each Party, and expressly referencing this EPL. 

  

	6.8	Dispute Resolution. Disputes shall be resolved as specified in Article VIII of the Separation Agreement, which is incorporated herein by reference. 

 

	6.9	No Waiver. No failure or delay to act upon any default or to exercise any right, power or remedy hereunder will operate as a waiver of any such default, right, power or
remedy. 

 IN WITNESS WHEREOF, each of the parties hereto has caused this EPL to be executed by their respective duly
authorized officers or representatives. 
  

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	NCR Corporation	 		 	Teradata US, Inc.
					
	By:	 	 	 		 	By:	 	 
					
	Print:  	 	 	 		 	Print:  	 	 
					
	Title:	 	 	 		 	Title:	 	 
					
	Date:	 	 	 		 	Date:	 	 

  

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