Document:

exv10wpp

Exhibit 10 (pp)

	 	 	 	 	 

	To:
	 	 	 	 
	 

	 	
(Name of Recipient)

     There hereby is granted to you, as an officer or employee of Agilysys, Inc. (the
“Company”) or a Subsidiary of the Company, a stock-settled stock appreciation right (the “SSAR”) to
purchase                      Company Common Shares, without par value (the “Shares”), at a price of $                     per
share (the “Exercise Price”). This SSAR is granted to you pursuant to the Agilysys, Inc. 2006
Stock Incentive Plan, as amended from time to time (the “Plan”), and is subject to the terms and
conditions set forth in the Agreement below.

Date of Grant:                                         

     Please be sure to consult with your tax or legal advisors before exercising any SSARs
hereunder. Please acknowledge your acceptance of the terms of this SSAR by signing on the reverse
side.

AGILYSYS, INC.

	 	 	 	 	 

	By:
	 	 
	 

	 	
Martin F. Ellis
President and Chief Executive Officer
	 	 

 

STOCK
APPRECIATION RIGHT
AGREEMENT

     THIS AGREEMENT is entered into as of the date of grant set forth above by and between the
Company and the Recipient named above. Terms not defined herein have the meanings ascribed to such
terms in the Plan.

1. Grant of SSAR. Effective as of the date of grant set forth above, the Company grants to
the Recipient, upon the terms and subject to the conditions set forth hereinafter, the right to
gains above the Exercise Price on the number of Shares set forth above.

2. Term. The term of the SSAR shall be for a period of [     ] years from the date of
grant, and the SSAR shall expire at the close of regular business hours at the Company’s principal
office on the last day of the term of the SSAR, or, if earlier, on the applicable expiration date
provided for in sections 4 and 5 hereof.

3. Vesting. Except as otherwise provided herein, the SSAR shall become exercisable with
respect to the number of Shares indicated as of the date indicated opposite such number below:

	 	 	 
	Number of Shares	 	Date as of
	As to Which SSAR	 	Which SSAR
	May
be Exercised	 	May
be Exercised
	 	 	 
	 	 	 
	 	 	 

4. Exercisability. To the extent that the SSAR has become exercisable with respect to a
number of Shares, as provided herein, the SSAR may thereafter be exercised by the Recipient either
as to all or any part of such Shares at any time or from time-to-time prior to expiration or other
termination of the SSAR. Except as provided in sections 4 and 5 hereof, the SSAR may not be
exercised at any time unless the Recipient shall be an employee of the Company or a Subsidiary (an
“Employee”) at such time. So long as the Recipient shall continue to be an Employee, the SSAR
shall not be affected by (a) any temporary leave of absence approved in writing by the Company or
one of its Subsidiaries, or (b) any change of duties or position (including transfer to or from a
Subsidiary).

     If the Recipient ceases to be an Employee by reason of his Retirement, all Vested SSAR shall
remain exercisable, and the Recipient’s right to exercise Vested SSAR shall terminate upon the last
day of the term of the SSAR. Non-Vested SSAR shall continue to Vest as provided in section 3, but
such SSAR shall be exercisable for two (2) years from the date that such SSAR Vests or, if shorter,
until the last day of the term of the SSAR, and the Recipient’s right to exercise such SSAR shall
terminate thereafter.

     If the Recipient ceases to be an Employee due to his Disability, the SSAR shall be deemed
Vested with respect to all Shares then subject to the SSAR, and the Recipient’s right to exercise
the SSAR shall terminate upon the earlier of the date that is one (1) year from the date of such
cessation of employment or the last day of the term of the SSAR.

     If the Recipient ceases to be an Employee by reason of his termination for Cause, this SSAR
shall terminate immediately upon such termination.

     If the Recipient ceases to be an Employee for any reason other than his death, Disability,
Retirement, or termination for Cause, the SSAR may be exercised only to the extent of the exercise
rights, if any, which had accrued as of the date of such cessation pursuant to section 3 hereof and
which have not theretofore been exercised; provided, however, that upon written request, the
Committee may in its absolute discretion determine (but shall be under no obligation to determine)
that such accrued exercise rights shall be deemed to include additional Shares covered by the SSAR.
Upon any such cessation of employment, such accrued exercise rights shall in any event terminate
upon the earlier of the date that is ninety (90) days from the date of such cessation of employment
or the last day of the term of the SSAR.

     Nothing contained in this Agreement shall confer upon the Recipient any right to continue in
the employ of the Company or any of its Subsidiaries, or to limit or interfere in any way with the
right of the Company or any such Subsidiary to terminate his employment at any time, with or
without Cause.

5. Death of Recipient. If the Recipient dies while an Employee, such person or persons as
shall have acquired, by will or by the laws of descent and distribution, the right to exercise the
SSAR (the “Personal Representative”) shall be entitled to exercise the SSAR as to all of the Shares
then subject to the SSAR. Such exercise rights shall terminate upon the earlier of the date one
(1) year from the date of the Recipient’s death or the last day of the term of the SSAR. If, after
Retirement, the Recipient dies prior to the last day of the term of the SSAR, the Personal
Representative shall be entitled to exercise all unexercised SSAR, and such SSAR shall remain
exercisable, for the greater of the remainder of the exercise period (as applicable) or one (1)
year from the date of the Recipient’s death, but in no event shall the SSAR be exercisable after
the last day of the term of the SSAR. If the Recipient dies during the one (1) year period
commencing on the date of his termination due to his Disability, the Personal Representative shall
be entitled to exercise the SSAR, and such SSAR shall remain exercisable until one (1) year from
the date of such death, but in no event shall the SSAR be exercisable after the last day of the
term of the SSAR.

 

 

6. Vesting Acceleration and Waiver of Terms and Conditions. Upon a Change in Control, this
SSAR shall become fully exercisable as to all Shares then subject to the SSAR. The Committee also
has the power and authority to waive or accelerate the vesting provisions of the SSAR, or to waive
or modify the other terms and conditions of and restrictions and limitations on the SSAR, provided
such waiver or modification is not inconsistent with the terms of the Plan and any operative
employment agreement.

     Method of Exercise. The SSAR may be exercised by delivery to the Secretary or
Assistant Secretary of the Company at its principal office, 28925 Fountain Parkway, Solon, Ohio
44139, of a completed Notice of Exercise of SSAR (obtainable from the Secretary of the Company) by
or on behalf of the person entitled to exercise the SSAR, setting forth the number of Shares with
respect to which the SSAR. The SSAR will be settled in shares of the Company’s Common Stock, net
of the Exercise Price and any required tax withholding.

7. Issuance of Shares. Upon receipt by the Company prior to expiration of the SSAR of a
duly completed Notice of Exercise of SSAR and, with respect to any SSAR exercised by any person
other than the Recipient, by proof satisfactory to the Committee of the right of such person to
exercise the SSAR, and subject to section 9 hereof, the Company shall cause its transfer agent to
enter in its books and records on behalf of the Recipient the net number of Shares derived after
accounting for the Exercise Price and any required tax withholding. The Recipient or such other
person exercising the SSAR shall not have any of the rights of a shareholder with respect to the
Shares covered by the SSAR until such Shares are book-entered on behalf of the Recipient or such
other person exercising the SSAR.

8. Regulatory Compliance. The Recipient hereby agrees that the Company shall not be
obligated to issue any Shares upon exercise of the SSAR if such issuance would cause the Company to
violate any federal or state law or any rule, regulation, order or consent decree of any regulatory
authority (including without limitation the Securities and Exchange Commission and The Nasdaq Stock
Market) having jurisdiction over the affairs of the Company. The Recipient agrees that the
Recipient will provide the Company with such information as is reasonably requested by the Company
or its counsel to determine whether the issuance of Shares complies with the provisions of this
section.

9. Investment Representation of Recipient.

     (a) The Recipient represents to the Company that the Recipient understands that, unless at the
time of exercise of the SSAR a registration statement under the Securities Act of 1933, as amended,
is in effect covering the Shares, as a condition to the exercise of the SSAR the Company may
require the Recipient to represent that the Recipient is acquiring the Shares for the Recipient’s
own account only and not with a view to, or for sale in connection with, any distribution of the
Shares.

     (b) The Recipient understands and agrees that the certificate or certificates representing any
Shares acquired hereunder may bear an appropriate legend relating to registration and resale under
federal and state securities laws.

10. Recoupment Right. [Section 10 language only for executive officers and vice
presidents] The Recipient acknowledges that if the Board of Directors of the Company (including a
Committee of the Board) determines that the Company’s financials are restated due directly or
indirectly to the fraud, ethical misconduct, intentional misconduct or a breach of fiduciary duty
by the Recipient, the Board (or Committee) shall have sole discretion to take such actions, as
permitted by law, as it deems necessary to cancel the SSAR

and to recover all or a portion of any
gains realized in respect of the SSAR, provided such recovery cannot extend back more than three
(3) years.

11. Binding Agreement; Transferability. This Agreement shall be binding upon and inure to
the benefit of any successor or successors of the Company and the heirs, estate and Personal
Representatives of the Recipient. The SSAR shall not be transferable other than by will or the
laws of descent and distribution, and the SSAR may be exercised during the lifetime of the
Recipient only by the Recipient (or such other person as may be permitted to exercise an SSAR on
behalf of the Recipient).

12. Plan Controls. This Agreement is subject to all of the terms, conditions, and
provisions of the Plan as amended from time-to-time, and to such rules, regulations, and
interpretations of the Plan as may be adopted by the Committee and in effect from time-to-time. In
the event and to the extent that this Agreement conflicts or is inconsistent with the terms,
conditions and provisions of the Plan, the Plan shall control, and this Agreement shall be deemed
to be modified accordingly.

     IN WITNESS WHEREOF, the Company has caused this Agreement to be executed above on its behalf
by the executive officer thereunto duly authorized, and the Recipient has hereunto below set his
hand, all as of the day and year first above written.

	 	 	 
	 
	(Signature of Recipient)exv10wqq

Exhibit 10 (qq)

FORM OF 

RESTRICTED STOCK AWARD AGREEMENT

AGILYSYS, INC.

2006 STOCK INCENTIVE PLAN

          THIS RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”) is entered into as of the [grant date]
(the “Grant Date”), by and between Agilysys, Inc., an Ohio corporation (the “Company”), and
[Director] (the “Participant”).

W I T N E S S E T H:

          WHEREAS, the Company has previously adopted, and the Shareholders of the Company have
approved, the Agilysys, Inc. 2006 Stock Incentive Plan (the “Plan”);

          WHEREAS, the Plan authorizes the Compensation Committee to award Restricted Stock to Directors
of the Company, including the Participant; and

          WHEREAS, the Compensation Committee granted Restricted Stock to certain non-employee Directors
of the Company, including the Participant, on [date], subject to the terms and conditions of this
Agreement.

          NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants herein
contained, the Participant and the Company agree as follows:

     1. The Plan. The Plan is hereby incorporated by reference and made a part of this
Agreement for all purposes, and when taken together with this Agreement, shall govern the rights of
the Participant and the Company with respect to the Award (as defined below). The Participant
irrevocably agrees to, and accepts, the terms, conditions and restrictions of the Plan and this
Agreement on his own behalf and on behalf of any beneficiaries, heirs, legatees, guardians,
representatives, successors and assigns. All capitalized terms used herein, unless otherwise
defined, shall have the meaning ascribed to them under the Plan. In the event of a conflict
between the Plan and this Agreement, the Plan will control.

     2. Award. As of the Grant Date, upon the terms and conditions set forth in this
Agreement, the Company hereby grants to the Participant an award (the “Award”) of [number of shares
( # )] Restricted Shares (the “Restricted Stock”).

     3. Terms of Award.

	 	(a)	 	Entry of Shares. The Restricted Stock subject to the
Award shall be entered in the name of the Participant in book-entry format
(the “Book-Entry”) by the transfer agent of the Company (the “Transfer Agent”)
subject to removal of the restrictions or forfeiture pursuant to the terms of
this Agreement.

 

 

	 	(b)	 	Restrictions. The Participant shall not have the
right to sell, assign, transfer, convey, dispose, pledge, hypothecate, burden,
alienate, encumber or charge any Restricted Stock (including any Shares issued
as the result of the investment of cash dividends attributable to the
Restricted Stock) or any interest therein in any manner whatsoever, and the
Company shall not be required to transfer on its books any such Restricted
Stock which shall have been sold, assigned, transferred, conveyed, disposed
of, pledged, hypothecated, burdened, alienated, encumbered or charged in
violation of this Agreement.

	 
	 	(c)	 	Vesting. All of the Restricted Stock will Vest on
[vesting date], except as otherwise provided in Sections 3(e), 4 and 5,
provided that the Participant remains a Director of the Company as of [vesting
date].

	 
	 	(d)	 	Vested Shares — Removal of Restrictions; Payment.
Upon Restricted Stock becoming Vested, the Company shall cause the Transfer
Agent to move the Book-Entry representing such Shares, together with any
Shares issued as a result of the investment of cash dividends attributable to
such Shares pursuant to Section 3(f), to a non-restricted account, thereby
removing all restrictions hereunder, and shall cause the Transfer Agent to
notify the Participant that the Shares, together with any Shares issued as a
result of the investment of cash dividends attributable to such Shares
pursuant to Section 3(f), are free and clear of all restrictions (but subject
to any applicable securities law restrictions or other restrictions imposed
upon Shares generally).

	 
	 	(e)	 	Forfeiture. If the Committee determines in its sole
and exclusive discretion that the Participant’s service as a Director of the
Company terminated for any reason other than death or Disability, upon the
Participant’s termination of service, Restricted Stock which has not otherwise
been canceled or forfeited as of the date of termination, together with any
Shares issued as a result of the investment of cash dividends attributable to
the Restricted Stock, shall immediately Vest on a pro-rata basis, and the
Vested Shares shall be free and clear of any restrictions (but subject to any
applicable securities law restrictions or other restrictions imposed on Shares
generally). The pro-rata basis shall be determined by multiplying the number
of shares of Restricted Stock subject to the Award times the number of full
months the Participant has served as a Director since his most recent election
to the Board divided by 12 months. The Company shall cause the Transfer Agent
to move the Vested Shares, together with any Vested Shares issued as a result
of the investment of cash dividends attributable to the Vested Shares, to a
non-restricted account, as set forth in Section

2

 

	 	 	 	3(d), and the un-Vested portion of the Restricted Stock shall be
forfeited, and the Participant and all persons who might claim through him
will have no further interests under this Agreement of any kind
whatsoever.

	 
	 	(f)	 	Voting Rights and Dividends. The Participant shall
have all of the voting rights attributable to the Restricted Stock issued
pursuant to this Agreement. Cash dividends declared and paid by the Company
with respect to the Restricted Stock shall not be paid to the Participant.
Rather, those cash dividends shall be invested in Shares which shall be
subject to the vesting provisions of Section 3(c). By executing this
Agreement, the Participant irrevocably consents to: (i) the Company’s
withholding of the payment of those dividends; and (ii) the investment of
those dividends in Shares issued in the name of the Participant and held in
book-entry format by the Transfer Agent subject to removal of the restrictions
or forfeiture pursuant to the terms of this Agreement.

     4. Death or Disability of Participant. Upon the Participant’s termination of service
as a Director of the Company due to death or Disability, Restricted Stock which has not otherwise
been canceled or forfeited as of the date of death or Disability, together with any Shares issued
as a result of the investment of cash dividends attributable to the Restricted Stock, shall be
distributed to the Participant or the Participant’s estate, as the Committee deems appropriate,
free and clear of any restrictions (but subject to any applicable securities law restrictions or
other restrictions imposed on Shares generally).

     5. Change in Control. Upon a Change in Control prior to the termination of this
Agreement, Restricted Stock which has not otherwise been canceled or forfeited as of the date of
the Change in Control, together with any Shares issued as a result of the investment of cash
dividends attributable to the Restricted Stock, shall immediately Vest and be free and clear of any
restrictions (but subject to any applicable securities law restrictions or other restrictions
imposed on Shares generally), and the Company shall cause the Transfer Agent to move the Shares,
together with any Shares issued as a result of the investment of cash dividends attributable to the
Shares, to a non-restricted account, as set forth in Section 3(d).

     6. Effect of Corporate Reorganization or Other Changes Affecting Number or Kind of
Shares. The provisions of this Agreement will be applicable to the Restricted Stock, Shares or
other securities, if any, which may be acquired by the Participant related to the Restricted Stock
as a result of a liquidation, recapitalization, reorganization, redesignation or reclassification,
split-up, reverse split, merger, consolidation, dividend, combination or exchange of Restricted
Stock or Shares, exchange for other securities, a sale of all or substantially all assets or the
like. The Committee may appropriately adjust the number and kind of Restricted Stock, Shares or
other securities described in this Agreement to reflect such a change.

3

 

     7. Nontransferability of Shares. Upon the acquisition of any Shares pursuant to this
Agreement, if the Shares have not been registered under the Securities Act of 1933, as amended (the
“Act”), they may not be sold, transferred or otherwise disposed of unless a registration statement
under the Act with respect to the Shares has become effective or unless the Participant establishes
to the satisfaction of the Company that an exemption from such registration is available. The
Participant will make or enter into such written representations, warranties and agreements as the
Committee may reasonably request in order to comply with applicable securities laws or this
Agreement.

     8. Legend. If certificates representing the Restricted Stock subject to the Award are
requested by the Participant, the certificates for Restricted Stock, and any Shares issued as a
result of the investment of cash dividends attributed to the Restricted Stock, shall contain the
following or a substantially similar legend:

“THE TRANSFERABILITY OF THIS CERTIFICATE AND THE COMMON SHARES REPRESENTED BY IT
ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING CONDITIONS OF FORFEITURE)
CONTAINED IN THE AGILYSYS, INC. 2006 STOCK INCENTIVE PLAN AND AN AGREEMENT ENTERED
INTO BETWEEN THE REGISTERED OWNER AND THE COMPANY. A COPY OF THIS PLAN AND AWARD
AGREEMENT ARE ON FILE IN THE OFFICE OF THE SECRETARY OF THE COMPANY.”

     9. Internal Revenue Code Section 409A. This Agreement, Award and the compensation and
benefits hereunder are intended to meet the requirements for exemption from coverage under Code
Section 409A for restricted property set forth in Treas. Reg. Section 1.409A-1(b)(6), as well as
any other such applicable exemption, and shall be construed and administered accordingly. If the
Company determines that any compensation or benefits awarded or payable under this Agreement may be
subject to taxation under Code Section 409A, the Company shall, after consultation with the
Participant, have the authority to adopt, prospectively or retroactively, such amendments to this
Agreement or to take any other actions it determines necessary or appropriate to exempt the
compensation and benefits payable under this Agreement from Code Section 409A or meet the
requirements of Code Section 409A. In no event, however, shall this Section or any other
provisions of the Plan or this Agreement be construed to require the Company to provide any
gross-up for the tax consequences of any provisions of, or awards or payments under, this Agreement
and the Company shall have no responsibility for tax consequences of any kind to the Participant
(or any other person or entity), whether or not such consequences are contemplated at the time of
entry into this Agreement, resulting from the terms or operation of this Agreement.

     10. Notices. All notices or other communications relating to the Plan and this
Agreement as it relates to the Participant shall be in writing, shall be deemed to have been made
if personally delivered in return for a receipt or, if mailed, by regular U.S. mail, postage
prepaid, by the Company to the Participant at the address of the Participant then on file with the
Company. The Participant is responsible for notifying the Company of a change in his address.

4

 

     11. Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective beneficiaries, heirs, successors and assigns, except as may
be limited by the Plan.

     12. Governing Law. Except as may otherwise be provided in the Plan, this Agreement
will be governed by, construed and enforced in accordance with the internal laws of the State of
Ohio without giving effect to its conflict of laws principles.

     13. Amendment. The Committee may waive any conditions or rights under, amend any
terms of, or alter, suspend, discontinue, cancel or terminate this Agreement. However, no such
action may be inconsistent with the terms of the Plan or materially and adversely affect the rights
of the Participant without the Participant’s written consent. Notwithstanding the foregoing, the
Company may, after consulting with the Participant, unilaterally amend this Agreement to comply
with law, preserve favorable tax effects or avoid unfavorable tax effects for either of the
parties.

     14. Further Action. The Participant and the Company agree to execute such further
instruments and to take such action as may reasonably be necessary to carry out the intent of this
Agreement.

     15. Captions. The captions of specific provisions of this Agreement are for
convenience and reference only, and in no way define, describe, extend or limit the scope of this
Agreement or the intent of any provision.

     16. Counterparts. This Agreement may be executed in any number of identical
counterparts, each of which shall be deemed an original for all purposes, but all of which taken
together shall form one agreement.

     17. Entire Agreement. This Agreement, together with the Plan, constitutes the entire
agreement of the parties with respect to its subject matter.

     18. Successors and Legal Representatives. This Agreement will bind and inure to the
benefit of the Company and the Participant and their respective beneficiaries, heirs, legatees,
executors, administrators, estates, successors, assigns, legal representatives, guardians and
caretakers.

     19. Effect of Waiver. Any waiver of any term, condition or breach thereof will not be
a waiver of any other term or condition or of the same term or condition for the future, or of any
subsequent breach.

     20. Separability. In the event of the invalidity of any part or provision of this
Agreement, such invalidity will not affect the enforceability of any other part or provision of
this Agreement.

     21. Incapacity. If the Committee determines that the Participant is incompetent by
reason of physical or mental disability or a person incapable of handling

5

 

his or her property, the Committee may deal directly with or direct any delivery of Vested
Shares to the guardian, legal representative or person having the care and custody of the
incompetent or incapable person. The Committee may require proof of incompetence, incapacity or
guardianship, as it may deem appropriate before the delivery of Vested Shares. In the event of
such a delivery of Vested Shares, the Committee will have no obligation thereafter to monitor or
follow the recipient to determine whether the Vested Shares are held or disposed of for the benefit
of the Participant. The delivery of Vested Shares pursuant to this Section shall completely
discharge the Company’s obligations under this Agreement.

     22. No Further Liability. The liability of the Company, its Affiliates and the
Committee under or in connection with this Agreement is limited to the obligations set forth herein
and no terms or provisions of this Agreement shall be construed to impose any liability on the
Company, its Affiliates, the Committee or their directors and employees in favor of any person or
entity with respect to any loss, cost, tax or expense which the person or entity may incur in
connection with or arising from any transaction related to this Agreement. No third party
beneficiaries are intended.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
written below.

	 	 	 	 	 	 	 

	 

	 	 	 	 	 	“Company”
	 
	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	“Participant”
	 
	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 

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