Document:

exv10w16

Exhibit 10.16

THIRD AMENDMENT TO LEASE AGREEMENT

     THIS THIRD AMENDMENT TO LEASE AGREEMENT (the “Third Amendment”) is entered into effective this
23 day of November, 2009, by and between:

410 COMMERCE, L.L.C., a New Jersey Limited Liability Company,
located at 71 Hudson Street, Hackensack, New Jersey 07601 (the
“Landlord”);

- AND -

SUNGARD AVAILABILITY SERVICES LP, a Pennsylvania limited
partnership, located at 680 E. Swedesford Road, Wayne, Pennsylvania
19807 (the “Tenant”).

R E C I T A L S

     A. Landlord and Tenant are parties to a certain Lease Agreement dated January 19, 2005, as
amended by a certain First Amendment to Lease Agreement dated November 29, 2005 and a certain Third
Amendment to Lease Agreement dated December 17, 2008, respecting the premises owned by Landlord and
commonly known as 410 Commerce Boulevard, Carlstadt, Bergen County, New Jersey (the “Landlord’s
Premises”). The said Lease Agreement, First Amendment to Lease Agreement and Third Amendment to
Lease Agreement are sometimes hereinafter collectively referred to as the “Lease.”

     B. The Landlord and Tenant wish to extend the term of the Lease for a period of five (5) years
from October 1, 2015 to September 30, 2020 and to replace the provisions of the Lease regarding
Tenant’s options to renew with new provisions.

AGREEMENT

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged by the parties, and the parties intending to be legally bound by the terms of
this Third Amendment, the parties agree as follows:

1. Incorporation of Recitals; Definitions of Terms.

     1.1. The Recitals set forth above are incorporated herein by reference as if set forth herein
at length, and are made a part of this Third Amendment.

 

 

     1.2. All capitalized terms set forth in this Third Amendment, unless otherwise specifically
defined in this Third Amendment, shall be defined as provided in the Lease.

2. Extension of Lease Term.

     2.1. The Termination Date of the Lease as to the entire Demised Premises is hereby extended
from September 30, 2015, to September 30, 2020. The period from the Commencement Date stated in
the Lease through September 30, 2020 (and, if the option(s) to renew as described in Paragraph 3
below is/are exercised, through September 30, 2025, and September 30, 2030, respectively), is
referred to as the Term.

3. Fixed Rent.

     3.1. Commencing on October 1, 2009 and for the balance of the Term (i.e., through
September 30, 2020), the Tenant shall pay Fixed Rent in the amounts set forth on Schedule “C”
annexed hereto and made a part hereof (which is intended to and shall replace Schedule “C” to the
Lease Agreement). Schedule “C” sets forth the agreed upon Fixed Rent due from the Tenant to the
Landlord from the Effective Date of this Third Amendment through the Termination Date (as provided
for herein).

4. Options to Renew.

     4.1. Section 40 of the original Lease is deleted in its entirety and is superseded and
replaced by the provisions set forth in this Section 4 as set forth below.

     4.2. Tenant shall have the right to renew its Lease for the Demised Premises for two (2)
periods of five (5) years each by providing Landlord with not less than twelve (12) calendar months
written notice prior to the expiration of the then current term. (For purposes hereof, the
foregoing renewal terms shall be referred to as the “First Renewal Option Period” and the “Second
Renewal Option Period”, respectively.) TIME FOR NOTICE OF EXERCISE OF TENANT’S OPTIONS IS HEREBY
DECLARED TO BE OF THE ESSENCE.

     4.2.1. The Fixed Rent for First Renewal Option Period (i.e., October 1, 2020, to
September 30, 2025), if exercised, shall be in accordance with Schedule “C-1” annexed hereto.

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          4.2.2. The Fixed Rent for the Second Renewal Option Period (i.e., October 1, 2025, to
September 30, 2030), if exercised, shall be in accordance with Schedule “C-1” annexed hereto.

     4.3 Except as to the amount of Fixed Rent, all of the other terms, covenants, conditions and
agreements set forth in the Lease as amended by this Third Amendment shall apply to all renewal
terms; except that there shall only be two (2) options to renew as set forth in this Section 5.

5. Miscellaneous.

     5.1. Except as modified by this Third Amendment, all of the terms, covenants, conditions,
provisions and agreements set forth in the Lease are incorporated herein by reference and continued
in full force and effect. To the extent of any conflict between the provisions of the Lease and
this Third Amendment, the provisions of this Third Amendment shall prevail.

     5.2. This Third Amendment shall be construed and enforced in accordance with the laws of the
State of New Jersey. Any litigation arising under or respecting the actions of the parties taken
pursuant to the terms of this Third Amendment shall be solely and exclusively venued in the federal
or state courts of New Jersey.

     5.3. This Third Amendment constitutes the entire understanding of the parties with respect to
the extension of the term of the Lease, and there are no representations, warranties, or agreements
other than those expressly set forth herein.

     5.4. A modification or waiver of any of the provisions of this Third Amendment shall be
effective only if made in writing and executed with the same formality as this Third Amendment.
The failure of either party to insist upon strict performance of any of the provisions of this
Third Amendment shall not be construed as a waiver of any subsequent default of the same or similar
nature.

     5.5 This Third Amendment may be executed in any number of counterparts all of which taken
together shall constitute one and the same instrument, and any of the parties or signatories hereto
may execute this Third Amendment by signing any such counterpart.

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     IN WITNESS WHEREOF, the parties have hereto have executed this Third Amendment as of the day
and year first above written.

WITNESS:

	 	 	 	 	 	 
	 	 	410 COMMERCE, L.L.C. 

 	 
	/s/ Amanda Soler 	 	 	 
	 	 	By:  	                              /s/ Edward Russo
 	 
	 	 	 	Edward Russo, Manager      	 
	 

	 	 	 	 	 	 
	 	 	SUNGARD AVAILABILITY SERVICES LP

 	 
	/s/ Berenice Dwyer  	 	 	 
	 	 	By:  	                              /s/ Edward C. McKeever
 	 
	 	 	 	Edward C. McKeever,      	 
	 	 	 	Senior Vice President and CFO 	 
	 

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CONSENT AND ACKNOWLEDGMENT

SUNGARD DATA SYSTEMS INC., a Delaware corporation, the ultimate parent of SunGard Availability
Services LP, hereby executes this instrument for purposes of acknowledging that its obligations
under a certain Unconditional Guaranty of Payment dated December ___, 2008, and executed on
December 16, 2008 relating to that certain Lease Agreement between 410 Commerce, LLC, as landlord,
and SunGard Availability Services LP, as tenant, dated January 19, 2005, as amended by that certain
First Amendment to Lease Agreement dated November 29, 2005 and that Second Amendment to Lease
Agreement dated December 17, 2008 , with respect to certain premises located at 410 Commerce
Boulevard, in the Borough of Carlstadt, County of Bergen, and State of New Jersey, shall remain in
full force and effect, and that the definition of the “Lease” therein shall be expanded to include
that certain Third Amendment to Lease Agreement dated as of even date herewith, to which this
Consent and Acknowledgment is attached.

	 	 	 	 	 	 
	 		SUNGARD DATA SYSTEMS INC.

 	 
	/s/ Berenice Dwyer
 		 	 	 	 
	 		By:  	     /s/ Michael J. Ruane
 	 
	 		 	Michael J. Ruane, 	 
	 		 	Senior Vice President and CFO 	 
	 	
	 		November 23, 2009 	 
	 	

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Schedule C

Fixed Rent for Units B, C and D From and After October 1, 2015 for Balance of Term

	 	 	 	 	 
	Total Square Footage

	 	146,285 		 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Period	 	Annual Rent PSF	 	Total Fixed Rent	 	Monthly Fixed Rent
	 
	October 1, 2015 to September 30, 2016
	 	$	20.10	 	 	$	2,940,328.50	 	 	$	245,027.38	 
	October 1, 2016 to September 30, 2017
	 	$	20.70	 	 	$	3,028,538.36	 	 	$	252,378.20	 
	October 1, 2017 to September 30, 2018
	 	$	21.32	 	 	$	3,119,394.51	 	 	$	259,949.54	 
	October 1, 2018 to September 30, 2019
	 	$	21.96	 	 	$	3,212,976.34	 	 	$	267,748.03	 
	October 1, 2019 to September 30, 2020
	 	$	22.62	 	 	$	3,309,365.63	 	 	$	275,780.47	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Total Fixed Rent for Entire Demised Premises From October 1, 2015 Through the Extended Term	 	$	15,610,603.33	 

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Schedule “C-1”

Schedule of Fixed Rent for First Renewal Option Period

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Period	 	Annual Rent PSF	 	Total Fixed Rent	 	Monthly Fixed Rent
	 
	October 1, 2020 to September 30, 2021
	 	$	24.47	 	 	$	3,579,926.85	 	 	$	298,327.24	 
	October 1, 2021 to September 30, 2022
	 	$	25.21	 	 	$	3,687,324.66	 	 	$	307,277.05	 
	October 1, 2022 to September 30, 2023
	 	$	25.96	 	 	$	3,797,944.40	 	 	$	316,495.37	 
	October 1, 2023 to September 30, 2024
	 	$	26.74	 	 	$	3,911,882.73	 	 	$	325,990.23	 
	October 1, 2024 to September 30, 2025
	 	$	27.54	 	 	$	4,029,239.21	 	 	$	335,769.93	 

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Schedule “C-2”

Schedule of Fixed Rent for Second Renewal Option Period

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Period	 	Annual Rent PSF	 	Total Fixed Rent	 	Monthly Fixed Rent
	 
	October 1, 2025 to September 30, 2026
	 	$	28.37	 	 	$	4,150,116.39	 	 	$	345,843.03	 
	October 1, 2026 to September 30, 2027
	 	$	29.22	 	 	$	4,274,619.88	 	 	$	356,218.32	 
	October 1, 2027 to September 30, 2028
	 	$	30.10	 	 	$	4,402,858.48	 	 	$	366,904.87	 
	October 1, 2028 to September 30, 2029
	 	$	31.00	 	 	$	4,534,944.23	 	 	$	377,912.02	 
	October 1, 2029 to September 30, 2030
	 	$	31.93	 	 	$	4,670,992.56	 	 	$	389,249.38	 

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Schedule “C-2”

Schedule of Fixed Rent for Third Renewal Period

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Unit B	 	Unit C	 	Unit D	 	TOTAL
	Period	 	Monthly	 	Annual	 	Monthly	 	Annual	 	Monthly	 	Annual	 	Monthly	 	Annual
	10/01/25-09/30/26
	 	$	230,613.35	 	 	$	2,767,360.23	 	 	$	60,454.66	 	 	$	725,455.91	 	 	$	152,211.81	 	 	$	1,826,541.68	 	 	$	443,279.82	 	 	$	5,319,357.82	 
	10/01/26-09/30/27
	 	$	237,531.75	 	 	$	2,850,381.03	 	 	$	62,268.30	 	 	$	747,219.59	 	 	$	156,778.16	 	 	$	1,881,337.93	 	 	$	456,578.21	 	 	$	5,478,938.55	 
	10/01/27-09/30/28
	 	$	244,657.71	 	 	$	2,935,892.46	 	 	$	64,136.35	 	 	$	769,636.17	 	 	$	161,481.51	 	 	$	1,937,778.07	 	 	$	470,275.57	 	 	$	5,643,306.70	 
	10/01/28-09/30/29
	 	$	251.997.44	 	 	$	3,023,969.24	 	 	$	66,060.44	 	 	$	792,725.26	 	 	$	166,325.95	 	 	$	1,995,911.41	 	 	$	484,383.83	 	 	$	5,812,605.91	 
	10/01/29-09/30/30
	 	$	259,557.36	 	 	$	3,114,688.31	 	 	$	68,042.25	 	 	$	816,507.02	 	 	$	171,315.73	 	 	$	2,055,788.76	 	 	$	498,915.34	 	 	$	5,986,904.08	 

9exv10w33

Exhibit 10.33

EMPLOYMENT AGREEMENT

     This EMPLOYMENT AGREEMENT (the “Agreement”) is entered into, by and between
SunGard Data Systems Inc. (the “Company”) and Kathleen Asser Weslock (“Executive”)
as of March 16, 2010 (the “Effective Date”).

     WHEREAS, the parties desire to enter into an agreement to reflect Executive’s position and
role in the Company’s business and to provide for Executive’s employment by the Company, upon the
terms and conditions set forth herein.

     WHEREAS, Executive has agreed to certain confidentiality, non-competition and non-solicitation
covenants contained hereunder, in consideration of the benefits provided to Executive under this
Agreement.

     WHEREAS, certain capitalized terms shall have the meanings given those terms in Section 3 of
this Agreement.

     NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

     1. Employment. The Company hereby agrees to continue to employ Executive,
and Executive hereby accepts such continued employment and agrees to perform Executive’s duties and
responsibilities, in accordance with the terms, conditions and provisions hereinafter set forth.

     1.1 Employment Term. This Agreement shall be effective as of the Effective
Date, and shall continue until December 31st following the second anniversary of the Effective
Date, unless the Agreement is terminated sooner in accordance with Section 2 below. In addition,
the term of the Agreement shall automatically renew for periods of one year unless the Company
gives written notice to the Executive, at least 60 days prior to the end of the initial term or at
least 60 days prior to the end of any one-year renewal period, that the Agreement shall be
terminated; provided however, that this Agreement may not be terminated for 12 months following a
Change of Control (as defined in Section 3). The period commencing on the Effective Date and
ending on the date on which the term of Executive’s employment under the Agreement shall terminate
is hereinafter referred to as the “Employment Term.” The failure of the Company to renew
this Agreement shall not be considered a termination of Executive’s employment under this
Agreement.

     1.2 Duties and Responsibilities. During the Employment Term, Executive
shall report to the Chief Executive Officer (“CEO”) and shall serve as the Chief Human
Resources Officer of the Company, or in such other executive positions as the CEO or the Board of
Directors of the Company (the “Board”) determines. Executive shall perform all duties and
accept all responsibilities incident to such position or as may be reasonably assigned to her by
the CEO.

     1.3 Extent of Service. During the Employment Term, Executive agrees to use
Executive’s full and best efforts to carry out Executive’s duties and responsibilities under
Section 1.2 hereof with the highest degree of loyalty and the highest standards of care and,
consistent with the other provisions of this Agreement, Executive agrees to devote substantially
all of Executive’s business time, attention and energy thereto. The foregoing shall not be
construed as preventing Executive from making investments in other businesses or enterprises,
provided that Executive agrees not to become engaged in any other business activity which, in the
reasonable judgment of the CEO, is likely to interfere with Executive’s ability to discharge
Executive’s duties and responsibilities to the Company. The Executive will not serve
on the board of directors of an entity unrelated to the Company (other than a non-profit
charitable

 

 

organization) without the consent of the CEO and the Chief Compliance Officer as
detailed in the SunGard Global Business Conduct and Compliance Program, or any of its successor
programs.

     1.4 Base Salary. During the Employment Term, for all the services rendered
by Executive hereunder, the Company shall pay Executive a base salary (“Base Salary”), at
the annual rate in effect on the Effective Date, payable in installments at such times as the
Company customarily pays its other employees. Executive’s Base Salary shall be reviewed
periodically for appropriate increases by the CEO or the Compensation Committee of the Board (the
"Compensation Committee”) pursuant to the Company’s normal performance review policies for
senior level executives.

     1.5 Retirement, Welfare and Other Benefit Plans and Programs. During the
Employment Term, Executive shall be entitled to participate in all employee retirement and welfare
benefit plans and programs made available to the Company’s senior level executives as a group, as
such retirement and welfare plans may be in effect from time to time and subject to the eligibility
requirements of such plans. During the Employment Term, Executive shall be provided with executive
fringe benefits and perquisites under the same terms as those made available to the Company’s
senior level executives as a group, as such programs may be in effect from time to time. During
the Employment Term, Executive shall be entitled to vacation and sick leave in accordance with the
Company’s vacation, holiday and other pay for time not worked policies. Nothing in this Agreement
or otherwise shall prevent the Company from amending or terminating any retirement, welfare or
other employee benefit plans, programs, policies or perquisites from time to time as the Company
deems appropriate.

     1.6 Reimbursement of Expenses. During the Employment Term, Executive shall
be provided with reimbursement of reasonable expenses related to Executive’s employment by the
Company on a basis no less favorable than that which may be authorized from time to time for senior
level executives as a group.

     1.7 Incentive Compensation. During the Employment Term, Executive shall be
entitled to participate in all short-term and long-term incentive programs established by the
Company for its senior level executives, at such levels as the CEO or Compensation Committee
determines. Executive’s incentive compensation shall be subject to the terms of the applicable
plans and shall be determined based on Executive’s individual performance and Company performance
as determined by the CEO or Compensation Committee.

     1.8 Equity Compensation. As additional consideration for the terms and
conditions of this Agreement, the Executive shall receive an equity grant of 21,526 restricted
stock units and 54,211 stock options divided between time and performance as per the management
grant ratios. These grants will be subject to the terms and conditions of the Company’s equity
compensation plan and the applicable grant agreements.

     2. Termination. Executive’s employment shall terminate upon the occurrence
of any of the following events:

     2.1 Termination Without Cause. The Company may terminate Executive’s
employment with the Company at any time without Cause (as defined in Section 3) (in which case the
Employment Term shall be deemed to have ended) upon not less than 60 days’ prior written notice
pursuant to Section 11 to Executive; provided, however, that, in the event that such notice is
given, Executive shall be allowed to seek other employment, to the extent such other employment is
consistent with Executive’s obligations under Section 5.

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     2.2 Benefits Payable Upon Termination Without Cause.

          (a) In the event of a termination of Executive as described in Section 2.1 that occurs during the
Employment Term prior to a Change of Control, if Executive executes and does not revoke a Release
(as defined in Section 3), Executive shall be entitled to receive the following severance benefits:

               (i) Executive shall receive a lump sum cash payment equal to the sum of two (2)
times Executive’s annual Base Salary plus Executive’s Target Incentive Bonus (as defined in Section
3) in effect immediately before the Termination Date (as defined in Section 3).

               (ii) Executive shall receive a pro rata Target Incentive Bonus for the year in which
Executive’s Termination Date occurs. The pro rata amount shall be determined as the Target
Incentive Bonus multiplied by the number of days in which Executive was employed by the Company
during the year of termination, including the Termination Date, divided by 365.

               (iii) The Company shall pay Executive a lump sum cash payment equal to the cost
(calculated as described below) that Executive would incur if Executive continued medical, dental
and vision coverage for Executive, and, where applicable, her spouse and dependents, for the
two-year period following the Termination Date. For this purpose, the monthly cost shall be
determined as 100% of the applicable monthly premium for the cost of medical, dental and vision
coverage for Executive, less the monthly premium charge that is paid by active Company employees
for similar coverage as in effect at Executive’s Termination Date. The cash payment shall be
increased by a tax gross up payment equal to Executive’s income and FICA tax imposed on the payment
under this subsection (iii). Executive may elect COBRA continuation coverage according to the
terms of the Company’s applicable benefit plans.

               (iv) Executive shall receive any other amounts earned, accrued or owing but not yet
paid under Section 1 above and any other benefits in accordance with the terms of any applicable
plans and programs of the Company.

          (b) In the event of a termination of Executive as described in Section 2.1 that occurs during the
Employment Term and on or after Change of Control, if Executive executes and does not revoke a
Release, Executive shall be entitled to receive the following severance benefits in lieu of the
benefits described in subsection (a) above:

               (i) Executive shall receive a lump sum cash payment equal to the sum of three (3)
times Executive’s annual Base Salary plus Executive’s Target Incentive Bonus in effect immediately
before the Termination Date.

               (ii) Executive shall receive a pro rata Target Incentive Bonus for the year in which
Executive’s Termination Date occurs. The pro rata amount shall be determined as the Target
Incentive Bonus multiplied by the number of days in which Executive was employed by the Company
during the year of termination, including the Termination Date, divided by 365.

               (iii) The Company shall pay Executive a lump sum cash payment equal to the cost
(calculated as described below) that Executive would incur if Executive continued medical, dental
and vision coverage for Executive, and, where applicable, her spouse and dependents, for the
three-year period following the Termination Date. For this purpose, the monthly cost shall be
determined as 100% of the applicable monthly premium for the cost of medical, dental and vision
coverage for Executive, less the monthly premium charge that is paid by active Company employees
for similar coverage as in effect
at Executive’s Termination Date. The cash payment shall be increased by a tax gross up
payment equal

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to Executive’s income and FICA tax imposed on the payment under this subsection
(iii). Executive may elect COBRA continuation coverage according to the terms of the Company’s
applicable benefit plans.

               (iv) Executive shall receive any other amounts earned, accrued or owing but not
yet paid under Section 1 above and any other benefits in accordance with the terms of any
applicable plans and programs of the Company.

          (c) Payment of the lump sum benefits described in subsections (a) and (b) above shall be made on
the 60th day after Executive’s Termination Date, subject to Executive’s execution of an effective
Release.

     2.3 Retirement or Other Voluntary Termination. Executive may voluntarily
terminate employment for any reason, including voluntary retirement, upon 60 days’ prior written
notice pursuant to Section 11. In such event, after the effective date of such termination, no
further payments shall be due under this Agreement. However, Executive shall receive any amounts
earned, accrued or owing but not yet paid under Section 1 above and shall be entitled to any
benefits due in accordance with the terms of any applicable benefit plans and programs of the
Company.

     2.4 Disability. The Company may terminate Executive’s employment if
Executive has been unable to perform the essential functions of Executive’s position with the
Company, with or without reasonable accommodation, by reason of physical or mental incapacity for a
period of six consecutive months (“Disability”). Executive agrees, in the event of a
dispute under this Section 2.4 relating to Executive’s Disability, to submit to a physical
examination by a licensed physician selected by the Board. If Executive’s employment terminates on
account of Disability, no further payments shall be due under this Agreement. However, Executive
shall be entitled to (i) any amounts earned, accrued or owing but not yet paid under Section 1
above and any benefits due in accordance with the terms of any applicable benefit plans and
programs of the Company and (ii) a pro rated bonus for the year in which Executive’s Disability
occurs, which bonus shall be calculated and paid according to Section 2.2(a)(ii) above.

     2.5 Death. If Executive dies while employed by the Company, the Company
shall pay to Executive’s executor, legal representative, administrator or designated beneficiary,
as applicable, (i) any amounts earned, accrued or owing but not yet paid under Section 1 above and
any benefits accrued or earned under the Company’s benefit plans and programs according to the
terms of such plans and (ii) a pro rated bonus for the year in which Executive’s death occurs,
which bonus shall be calculated and paid according to Section 2.2(a)(ii) above. Otherwise, the
Company shall have no further liability or obligation under this Agreement to Executive’s
executors, legal representatives, administrators, heirs or assigns.

     2.6 Cause. The Company or the CEO may terminate Executive’s employment at
any time for Cause upon written notice to Executive, in which event all payments under this
Agreement shall cease, except for Base Salary to the extent already accrued. Executive shall be
entitled to any benefits accrued or earned before Executive’s termination in accordance with the
terms of any applicable benefit plans and programs of the Company; provided that Executive shall
not be entitled to receive any unpaid short-term or long-term cash incentive payments or unvested
options.

     3. Definitions. For purposes of this Agreement, the following terms shall
have the meanings specified in this Section 3:

          (a) “Affiliate” shall mean any direct or indirect subsidiary or parent of SunGard Data
Systems Inc., and any other entity that, directly or indirectly, through one or more
intermediaries, controls, is controlled by or is under common control with SunGard Data Systems
Inc.

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          (b) “Business” means the Company’s businesses, which consists of four separate businesses:
(i) the availability services business segment (the “Availability Services Business”),
(ii) the financial systems segment (the “Financial Systems Business”), (iii) the higher
education systems business segment (the “Higher Education Systems Business”), and (iv) the
public sector systems business segment (the “Public Sector Business”).

          (c) “Cause” shall mean any of the following grounds for termination of Executive’s
employment:

               (i) Executive is convicted of (or pleads guilty or nolo contendre to) a felony;

               (ii) Executive neglects, refuses or fails to perform her material duties to the
Company (other than a failure resulting from Executive’s incapacity due to physical or mental
illness), which failure has continued for a period of at least 30 days after a written notice of
demand for substantial performance, signed by a duly authorized officer of the Company, has been
delivered to Executive specifying the manner in which Executive has failed substantially to perform
unless such remedial action would not have been meaningful under the circumstances;

               (iii) Executive commits an act of dishonesty or breach of trust or otherwise engages
in misconduct in the performance of Executive’s duties;

               (iv) Executive engages in public conduct that is harmful to the reputation of the
Company;

               (v) Executive breaches any written non-competition, non-disclosure or
non-solicitation agreement, or any other agreement in effect with the Company, including without
limitation the provisions of Section 5 of this Agreement; or

               (vi) Executive breaches the Company’s written code of business conduct and ethics,
including the Global Business Conduct and Compliance Program.

          (d) “Change of Control” shall mean the occurrence of (a) any consolidation or merger of
SunGard Capital Corp. (or any other parent company (a “Parent Company”) of the Company that
owns each of the Availability Services Business, Financial Systems Business, Higher Education
Systems Business and Public Sector Business (each as defined in this Section 3)) with or into any
other person, or any other corporate reorganization, transaction or transfer of securities of
SunGard Capital Corp. (or such other Parent Company) by its stockholders, or series of related
transactions (including the acquisition of capital stock of SunGard Capital Corp. or such other
Parent Company), whether or not SunGard Capital Corp. (or such other Parent Company) is a party
thereto, in which the stockholders of SunGard Capital Corp. immediately prior to such
consolidation, merger, reorganization or transaction, own, directly or indirectly, capital stock
either (i) representing directly, or indirectly through one or more entities, less than fifty
percent (50%) of the economic interests in or voting power of SunGard Capital Corp. (or such other
Parent Company) or other surviving entity immediately after such consolidation, merger,
reorganization or transaction or (ii) that does not directly, or indirectly through one or more
entities, have the power to elect a majority of the entire board of directors of SunGard
Capital Corp. (or such other Parent Company) or other surviving entity immediately after such
consolidation, merger, reorganization or transaction, (b) any transaction or series of related
transactions, whether or not SunGard Capital Corp. (or such other Parent Company) is a party
thereto, after giving effect to which in excess of fifty percent (50%) of the voting power of
SunGard Capital Corp. (or such other Parent Company) is owned directly, or indirectly through one
or more entities, by any person and its “affiliates” or “associates”

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(as such terms are defined in
the Rules promulgated under the Exchange Act of 1934, as amended (the “Exchange Act
Rules”)) or any “group” (as defined in the Exchange Act Rules), other than, directly or
indirectly, Qualified Institutional Investors (as defined in the Stockholders Agreement (as defined
in this Section 3)) (and in the case of a “group”, excluding a percentage of such “group” equal to
the percentage of the voting power of such group controlled by any Qualified Institutional
Investors), excluding, in any case referred to in clause (a) or (b) any Initial Public Offering (as
defined in the Stockholders Agreement) or any bona fide primary or secondary public offering
following the occurrence of an Initial Public Offering; or (c) a sale, lease or other disposition
of all or substantially all of the assets of SunGard Capital Corp. or such other Parent Company, in
each case on a consolidated basis with its subsidiaries (including the stock of the Company),
excluding, in any case referred to in clause (c), any sale, lease or other disposition to an entity
of which the stockholders of SunGard Capital Corp. immediately prior to the sale, lease or other
disposition own, directly or indirectly, through one or more entities, capital stock either
representing directly, or indirectly through one or more entities, 50% or more of the economic
interests or voting power. For the avoidance of doubt, a spin-off of one of the Businesses, Sale
of a Business or a comparable transaction shall not, in any case, constitute a Change of Control.

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

          (f) “Investors” shall mean the private equity funds sponsored by Silver Lake Partners,
Bain Capital, The Blackstone Group, Goldman, Sachs & Co., Kohlberg Kravis Roberts, Providence
Equity Partners and Texas Pacific Group that became stockholders of Capital Corp. and SunGard
Capital Corp. II in August 2005.

          (g) “Release” means a release substantially in the form of Exhibit A attached to
this Agreement, which may be subsequently modified only based on recommendations of the Company’s
counsel to reflect changes in applicable law after the Effective Date.

          (h) “Sale of a Business” shall mean the sale, exchange or other disposition or transfer of
all or substantially all of the business or assets of one of the four Businesses to a purchaser
that is unrelated to the Company or any of the Investors; provided that a Sale of a Business shall
not also constitute a Change of Control.

          (i) “Stockholders Agreement” shall mean the stockholders agreement dated as of August 10,
2005, by and among SunGard Capital Corp., certain of its subsidiaries and stockholders of SunGard
Capital Corp., as in effect from time to time.

          (j) “SunGard Group” shall mean the Company, its Affiliates and their respective
successors.

          (k) “Target Incentive Bonus” shall mean Executive’s target annual incentive bonus amount
(measured at the target, identified “goal” target or other similar target as determined by the
Company at the Termination Date, without taking into account any incentive override for above goal
performance, or any project-specific or other non-standard incentives) in effect under the
Company’s Executive Incentive Plan for the year of termination.

          (l) “Termination Date” shall mean the effective date of the termination of Executive’s
employment relationship with the Company pursuant to this Agreement.

     4. Notice of Termination. Any termination of Executive’s employment shall
be communicated by a written notice of termination to the other party hereto given in accordance
with Section 11. The notice of termination shall (i) indicate the specific termination provision
in this

6

 

Agreement relied upon, (ii) briefly summarize the facts and circumstances deemed to provide
a basis for a termination of employment if for Cause, and (iii) specify the Termination Date in
accordance with the requirements of this Agreement.

     5. Restrictive Covenants.

     5.1 Non-Disclosure. At all times during the Employment Term and continuing
at all times after Executive’s Termination Date, and except as required by applicable law or in a
judicial or administrative proceeding, Executive shall not disclose to anyone outside the SunGard
Group, or use for the benefit of anyone other than the SunGard Group, any confidential or
proprietary information relating to business of the SunGard Group, whether acquired by Executive
before, during or after employment with the Company. Executive acknowledges that the proprietary
and confidential information of the SunGard Group includes, by way of example: (a) the identity of
customers and prospects, their specific requirements, and the names, addresses and telephone
numbers of individual contacts; (b) prices, renewal dates and other detailed terms of customer and
supplier contracts and proposals; (c) pricing policies, information about costs, profits and sales,
methods of delivering software and services, marketing and sales strategies, and software and
service development strategies; (d) source code, object code, specifications, user manuals,
technical manuals and other documentation for software products; (e) screen designs, report designs
and other designs, concepts and visual expressions for software products; (f) employment and
payroll records; (g) forecasts, budgets, acquisition models and other non public financial
information; and (h) expansion plans, business or development plans, management policies,
information about possible acquisitions or divestitures, potential new products, markets or market
extensions, and other business and acquisition strategies and policies. The provisions of this
Section 5.1 shall survive any termination or expiration of this Agreement.

     5.2 Works and Ideas. Executive shall promptly communicate to the Company,
in writing, all marketing strategies, product ideas, software designs and concepts, software
enhancement and improvement ideas, and other ideas and inventions (collectively, “Works and
Ideas”) pertaining to the business of the SunGard Group in any material respect, whether or not
patentable or copyrightable, that are made, written, developed or conceived by Executive, alone or
with others, at any time (during or after business hours) while Executive is employed by the
Company (including at any time prior to the date of this Agreement) or during the three months
after Executive’s Termination Date. Executive acknowledges that all of those Works and Ideas will
be the exclusive property of the SunGard Group, and hereby assigns and agrees to assign all of
Executive’s right, title and interest in those Works and Ideas to the SunGard Group. Executive
shall sign all documents that the Company reasonably requests to confirm its ownership of those
Works and Ideas, and shall reasonably cooperate with the Company, at the Company’s expense, to
allow the SunGard Group to take full advantage of those Works and Ideas.

     5.3 Non-Competition and Non-Solicitation. During the Employment Term and
within two years after Executive’s termination of employment with the Company for any reason,
whether or not payments are being made under this Agreement, Executive shall not, directly or
indirectly, (a) anywhere in the world render any material services for any organization, or engage
in any business, that competes in any material respect with the business of the Company or any
other SunGard Group entity for which Executive has performed material services, or (b) solicit or
contact, for the purpose or with the effect of competing or interfering with the business of the
Company or any other SunGard Group entity for which
Executive has performed material services in any material respect (i) any customer or
acquisition target under contract with the Company at any time during the last two years of
Executive’s employment with the Company, (ii) any prospective customer or acquisition target that
received or requested a proposal, offer or letter of intent from the Company at any time during the
last two years of Executive’s employment with the Company, (iii) any affiliate of any such customer
or prospect, (iv) any of the individual contacts at customers or acquisition targets established by
the Company, Executive or others at

7

 

the Company during the period of Executive’s employment with
the Company, or (v) any individual who is an employee or independent contractor of the Company at
the time of the solicitation or contact or who was an employee or independent contractor of the
Company within three months before such time unless Executive receives prior written permission
from the CEO.

     6. Equitable Relief.

          (a) Executive acknowledges and agrees that the restrictions contained in Section 5 are reasonable
and necessary to protect and preserve the legitimate interests, properties, goodwill and business
of the SunGard Group, that the Company would not have entered into this Agreement in the absence of
such restrictions and that irreparable injury will be suffered by the SunGard Group should
Executive breach any of the provisions of that Section. Executive represents and acknowledges that
(i) Executive has been advised by the Company to consult Executive’s own legal counsel in respect
of this Agreement, and (ii) Executive has had full opportunity, prior to execution of this
Agreement, to review thoroughly this Agreement with Executive’s counsel.

          (b) Executive further acknowledges and agrees that a breach of any of the restrictions in Section
5 cannot be adequately compensated by monetary damages. Executive agrees that the SunGard Group
shall be entitled to preliminary and permanent injunctive relief, without the necessity of proving
actual damages, as well as an equitable accounting of all earnings, profits and other benefits
arising from any violation of Section 5 hereof, which rights shall be cumulative and in addition to
any other rights or remedies to which the SunGard Group may be entitled. In the event that any of
the provisions of Section 5 should ever be adjudicated to exceed the time, geographic, service, or
other limitations permitted by applicable law in any jurisdiction, it is the intention of the
parties that the provision shall be amended to the extent of the maximum time, geographic, service,
or other limitations permitted by applicable law, that such amendment shall apply only within the
jurisdiction of the court that made such adjudication and that the provision otherwise be enforced
to the maximum extent permitted by law.

          (c) Notwithstanding anything in this Agreement to the contrary, if Executive breaches any of
Executive’s obligations under Section 5, the Company shall thereafter be obligated only for the
compensation and other benefits provided in any Company benefit plans, policies or practices then
applicable to Executive in accordance with the terms thereof, and all payments under Section 2 of
this Agreement shall cease.

          (d) Executive irrevocably and unconditionally (i) agrees that any suit, action or other legal
proceeding arising out of Section 5, including without limitation, any action commenced by the
SunGard Group for preliminary and permanent injunctive relief and other equitable relief, may be
brought in a United States District Court for Pennsylvania, or if such court does not have
jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in Chester
County, Pennsylvania, (ii) consents to the non-exclusive jurisdiction of any such court in any such
suit, action or proceeding, and (iii) waives any objection which Executive may have to the laying
of venue of any such suit, action or proceeding in any such court. Executive also irrevocably and
unconditionally consents to the service of any process, pleadings, notices or other papers in a
manner permitted by the notice provisions of Section 11 hereof.

     7. Dispute Resolution. In the event of any dispute relating to Executive’s
employment, the termination thereof, or this Agreement, other than a dispute in which the primary
relief sought is an equitable remedy such as an injunction, the parties shall be required to have
the dispute, controversy or claim settled by alternative dispute resolution conducted by JAMS (or,
if JAMS is not available, another mutually agreeable alternative dispute resolution organization),
in the city of Executive’s principal place of employment. Any award entered by JAMS (or such other
organization) shall be final, binding and nonappealable, and judgment may be entered thereon by
either party in accordance with applicable law in

8

 

any court of competent jurisdiction. This
Section 7 shall be specifically enforceable. JAMS (or such other organization) shall have no
authority to modify any provision of this Agreement. In the event of a dispute, each party shall
be responsible for its own expenses (including attorneys’ fees) relating to the conduct of the
arbitration, and the parties shall share equally the fees of JAMS. THE PARTIES IRREVOCABLY WAIVE
ANY RIGHT TO TRIAL BY JURY AS TO ALL CLAIMS HEREUNDER.

     8. Non-Exclusivity of Rights; Resignation from Boards.

          (a) Nothing in this Agreement shall prevent or limit Executive’s continuing or future
participation in or rights under any benefit, bonus, incentive or other plan or program provided by
the Company and for which Executive may qualify; provided, however, that if Executive becomes
entitled to and receives the payments described in Section 2.2(a) of this Agreement, Executive
hereby waives Executive’s right to receive payments under any severance plan or similar program
applicable to employees of the Company.

          (b) If Executive’s employment with the Company terminates for any reason, Executive shall
immediately resign from all boards of directors of the Company, any Affiliates and any other
entities for which Executive serves as a representative of the Company.

     9. Survivorship. The respective rights and obligations of the parties under
this Agreement (including without limitation Sections 5, 6 and 7) shall survive any termination of
Executive’s employment or termination of this Agreement to the extent necessary to the intended
preservation of such rights and obligations.

     10. Mitigation. Executive shall not be required to mitigate the amount of
any payment or benefit provided for in this Agreement by seeking other employment or otherwise, and
there shall be no offset against amounts due Executive under this Agreement on account of any
remuneration attributable to any subsequent employment that Executive may obtain.

     11. Notices. All notices and other communications required or permitted
under this Agreement or necessary or convenient in connection herewith shall be in writing and
shall be deemed to have been given when hand delivered or mailed by registered or certified mail,
as follows (provided that notice of change of address shall be deemed given only when received):

If to the Company and SunGard, to:

SunGard Data Systems Inc.

680 East Swedesford Road

Wayne, PA 19087

Attention: General Counsel

If to Executive, to:

Kath Asser Weslock

or to such other names or addresses as the Company or Executive, as the case may be, shall
designate by notice to each other person entitled to receive notices in the manner specified in
this Section.

9

 

     12. Contents of Agreement; Amendment and Assignment.

          (a) This Agreement sets forth the entire understanding between the parties hereto with respect to
the subject matter hereof and supersedes any and all documents otherwise relating the subject
matter hereof, and cannot be changed, modified, extended or terminated except upon written
amendment approved by the CEO and executed on behalf of the Company by a duly authorized officer of
the Company and by Executive.

          (b) All of the terms and provisions of this Agreement shall be binding upon and inure to the
benefit of and be enforceable by the respective heirs, executors, administrators, legal
representatives, successors and assigns of the parties hereto, except that the duties and
responsibilities of Executive under this Agreement are of a personal nature and shall not be
assignable or delegatable in whole or in part by Executive. The Company shall require any
successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or
otherwise) to all or substantially all of the business or assets of the Company, within 15 days of
such succession, expressly to assume and agree to perform this Agreement in the same manner and to
the same extent as the Company would be required to perform if no such succession had taken place.

     13. Severability. If any provision of this Agreement or application thereof
to anyone or under any circumstances is adjudicated to be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect any other provision or
application of this Agreement which can be given effect without the invalid or unenforceable
provision or application and shall not invalidate or render unenforceable such provision or
application in any other jurisdiction. If any provision is held void, invalid or unenforceable
with respect to particular circumstances, it shall nevertheless remain in full force and effect in
all other circumstances.

     14. Remedies Cumulative; No Waiver. No remedy conferred upon a party by
this Agreement is intended to be exclusive of any other remedy, and each and every such remedy
shall be cumulative and shall be in addition to any other remedy given under this Agreement or now
or hereafter existing at law or in equity. No delay or omission by a party in exercising any
right, remedy or power under this Agreement or existing at law or in equity shall be construed as a
waiver thereof, and any such right, remedy or power may be exercised by such party from time to
time and as often as may be deemed expedient or necessary by such party in its sole discretion.

     15. Beneficiaries/References. Executive shall be entitled, to the extent
permitted under any applicable law, to select and change a beneficiary or beneficiaries to receive
any compensation or benefit payable under this Agreement following Executive’s death by giving the
Company written notice thereof. In the event of Executive’s death or a judicial determination of
Executive’s incompetence, reference in this Agreement to Executive shall be deemed, where
appropriate, to refer to Executive’s beneficiary, estate or other legal representative.

     16. Miscellaneous. All section headings used in this Agreement are for
convenience only. This Agreement may be executed in counterparts, each of which is an original.
It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or
account for any of the other counterparts.

     17. Withholding Taxes. All payments under this Agreement shall be made
subject to applicable tax withholding, and the Company shall withhold from any payments under this
Agreement all federal, state and local taxes as the Company is required to withhold pursuant to any
law or governmental

10

 

rule or regulation. Except as specifically provided otherwise in this
Agreement, Executive shall be responsible for all taxes applicable to amounts payable under this
Agreement.

     18. Section 409A of the Code; Section 162(m) of the Code.

          (a) This Agreement is intended to comply with Section 409A of the Code and its corresponding
regulations, to the extent applicable. The payment of severance benefits under the Agreement are
intended to be exempt from section 409A under the “short term deferral” exemption, to the extent
applicable. Notwithstanding anything in this Agreement to the contrary, payments may only be made
under this Agreement upon an event and in a manner permitted by Section 409A of the Code, to the
extent applicable. As used in the Agreement, the term “termination of employment” shall mean
Executive’s separation from service with the Company within the meaning of Section 409A of the Code
and the regulations promulgated thereunder. In no event may Executive, directly or indirectly,
designate the calendar year of a payment. For purposes of Section 409A, the right to a series of
payments under the Agreement shall be treated as a right to a series of separate payments.

          (b) Notwithstanding anything in this Agreement to the contrary, if the stock of the Company
becomes publicly traded, if Executive is considered a “specified employee” under section 409A and
if payment of any amounts under this Agreement is required to be delayed for a period of six months
after separation from service in order to avoid taxation under section 409A of the Code, payment of
such amounts shall be delayed as required by section 409A, and the accumulated amounts shall be
paid in a lump sum payment within five business days after the end of the six-month period. If
Executive dies during the postponement period prior to the payment of benefits, the amounts
withheld on account of section 409A shall be paid to the personal representative of Executive’s
estate within 60 days after the date of Executive’s death.

          (c) Executive agrees that if the stock of the Company becomes publicly traded, Executive will make
any amendments to the Agreement that the Company deems necessary to allow performance-based
compensation to qualify for the “qualified performance-based compensation” exception to section
162(m) of the Code.

     19. Governing Law. This Agreement shall be governed by and interpreted
under the laws of the Commonwealth of Pennsylvania without giving effect to any conflict of laws
provisions.

     IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed this
Agreement as of the Effective Date.

	 	 	 	 	 
	 	SUNGARD DATA SYSTEMS INC.

 	 
	Date:  March 16, 2010 	By:  	/s/ Cristóbal Conde
 	 
	 	 	Name:  	Cristóbal Conde 	 
	 	 	Title:  	Chief Executive Officer 	 
	 
	 	 	 
	Date: February 18, 2010 	/s/ Kathleen Asser Weslock
 	 
	 	Executive 	 
	 	 	 
	 

11

 

EXHIBIT A

EXECUTIVE RELEASE TO BE PROVIDED TO THE COMPANY

Separation of Employment Agreement and General Release

     THIS SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE (the “Agreement”) is made
as of this ___ day of ______, ___, by and between Kathleen Asser Weslock (“Executive”)
and SunGard Data Systems Inc.______ (the “Company”).

     WHEREAS, Executive is employed by the Company as _______;

     WHEREAS, Executive and the Company entered into an Employment Agreement, dated ___,
2010, (the “Employment Agreement”) which provides for certain benefits in the event that
Executive’s employment is terminated on account of a reason set forth in the Employment Agreement;

     WHEREAS, Executive’s employment with the Company will terminate effective ___
(the “Termination Date”); and

     WHEREAS, in connection with the termination of Executive’s employment, the parties have agreed
to a separation package and the resolution of any and all disputes between them.

     NOW, THEREFORE, IT IS HEREBY AGREED by and between Executive and the Company as follows:

     1. Executive, for and in consideration of the commitments of the Company as set forth in
paragraph 6 of this Agreement, and intending to be legally bound, does hereby REMISE, RELEASE AND
FOREVER DISCHARGE the Company, its stockholders, affiliates, subsidiaries and parents, their
respective officers, directors, investors, employees, and agents, and their respective successors
and assigns, heirs, executors, and administrators (collectively, “Releasees”) from all
causes of action, suits, debts, claims and demands whatsoever in law or in equity, which Executive
ever had, now has, or hereafter may have, whether known or unknown, or which Executive’s heirs,
executors, or administrators may have, by reason of any matter, cause or thing whatsoever, from the
beginning of time to the date of this Agreement, to the extent arising from or relating in any way
to Executive’s employment relationship with the Company, the terms and conditions of that
employment relationship, and/or the termination of that employment relationship, including, but not
limited to, any claims arising under the Age Discrimination in Employment Act (“ADEA”), the Older
Workers Benefit Protection Act (“OWBPA”), Title VII of The Civil Rights Act of 1964, the Americans
with Disabilities Act, the Family and Medical Leave Act of 1993, the Employee Retirement Income
Security Act of 1974, as amended, any applicable state fair employment practice laws, and any other
claims under any federal, state or local common law, statutory, or regulatory provision, now or
hereafter recognized, and any claims for attorneys’ fees and costs; provided, however, the
foregoing shall in no event apply to (i) enforcement by Executive of Executive’s rights under this
Agreement, (ii) Executive’s rights as a stockholder in the Company or any of its affiliates, (iii)
Executive’s rights to indemnifications under any separate contract or insurance policy, (iv)
Executive’s right to seek unemployment insurance benefits, (v) Executive’s right to seek workers’
compensation benefits, or (vi) any claims that, as a matter of applicable law, are not waivable.
This Agreement is effective without regard to the legal nature of the claims raised and without
regard to
whether any such claims are based upon tort, equity, implied or express contract or
discrimination of any sort.

A-1

 

     2. Executive specifically releases the Releasees from any claims that Executive might have
under the ADEA and any rights under the OWBPA; provided however, Executive is not waiving or
releasing any rights Executive may have to challenge the knowing and voluntary nature of the
release of ADEA claims pursuant to the OWBPA. Nothing in this Agreement shall be construed to
prohibit Executive from filing a charge with or participating in any investigation or proceeding
conducted by the EEOC or a comparable state or local agency. Notwithstanding the foregoing,
Executive agrees to waive her right to recovery monetary damages in any charge, complaint or
lawsuit filed by Executive or by anyone else on her behalf.

     3. In consideration of Executive’s agreement to comply with the covenants described in Section
5 of the Employment Agreement, the Company agrees as set forth in paragraph 6 herein.

     4. Executive further agrees and recognizes that Executive has permanently and irrevocably
severed Executive’s employment relationship with the Company, that Executive shall not seek
employment with the Company or any affiliated entity at any time in the future, and that neither
the Company nor any affiliate has any obligation to employ Executive in the future.

     5. Executive agrees that Executive will not disparage or subvert the Company or the Releasees,
or make any statement reflecting negatively on the Company or the Releasees, including, but not
limited to, any matters relating to the operation or management of the Company, Executive’s
employment and the termination of Executive’s employment, irrespective of the truthfulness or
falsity of such statement.

     6. In consideration for Executive’s agreement as set forth herein, the Company agrees to pay
and provide Executive with the severance benefits described in Section 2.2 of Executive’s
Employment Agreement. Executive agrees that she is not entitled to any payments, benefits,
severance payments or other compensation beyond that expressly provided in Section 2.2 of
Executive’s Employment Agreement.

     7. Executive understands and agrees that the payments, benefits and agreements provided in
this Agreement are being provided to Executive in consideration for Executive’s acceptance and
execution of, and in reliance upon Executive’s representations in, this Agreement. Executive
acknowledges that if Executive had not executed this Agreement containing a release of all claims
against the Company and the Releasees, Executive would only have been entitled to the payments
provided in the Company’s standard severance pay plan for employees.

     8. Executive acknowledges and agrees that the Company previously has satisfied any and all
obligations owed to Executive under any employment agreement or offer letter Executive has with the
Company or a Releasee and, further, that this Agreement supersedes any and all prior agreements or
understandings, whether written or oral, between the parties, excluding only Executive’s
post-termination obligations under Executive’s Employment Agreement, any obligations relating to
the securities of the Company or any of its affiliates and the Company’s obligations under Section
2.2 of Executive’s Employment Agreement, all of which shall remain in full force and effect to the
extent not inconsistent with this Agreement, and further, that, except as set forth expressly
herein, no promises or representations have been made to her in connection with the termination of
Executive’s Employment Agreement or the terms of this Agreement.

     9. Except as may be necessary to obtain approval or authorization to fulfill its obligations
hereunder or as required by applicable law, (a) Executive agrees not to disclose the terms of this
Agreement to anyone, except Executive’s spouse, attorney and, as necessary, tax/financial advisor,
and (b) the Company agrees that the terms of this Agreement will not be disclosed. It is expressly
understood

A-2

 

that any violation of the confidentiality obligation imposed hereunder constitutes a
material breach of this Agreement.

     10. Executive represents that Executive does not presently have in Executive’s possession any
records and business documents, whether on computer or hard copy, and other materials (including
but not limited to computer disks and tapes, computer programs and software, office keys,
correspondence, files, customer lists, technical information, customer information, pricing
information, business strategies and plans, sales records and all copies thereof) (collectively,
the “Corporate Records”) provided by the Company and/or its predecessors, parents,
subsidiaries or affiliates or obtained as a result of Executive’s employment with the Company
and/or its predecessors, parents, subsidiaries or affiliates, or created by Executive while
employed by or rendering services to the Company and/or its predecessors, parents, subsidiaries or
affiliates. Executive acknowledges that all such Corporate Records are the property of the
Company. In addition, Executive shall promptly return in good condition any and all Company owned
equipment or property, including, but not limited to, automobiles, personal data assistants,
facsimile machines, copy machines, pagers, credit cards, cellular telephone equipment, business
cards, laptops and computers. As of the Termination Date, the Company will make arrangements to
remove, terminate or transfer any and all business communication lines including network access,
cellular phone, fax line and other business numbers.

     11. Executive expressly waives all rights afforded by any statute which expressly limits the
effect of a release with respect to unknown claims. Executive acknowledges the significance of
this release of unknown claims and the waiver of statutory protection against a release of unknown
claims which provides that a general release does not extend to claims which the creditor does not
know or suspect to exist in her favor at the time of executing the release, which if known by it
must have materially affected its settlement with the debtor.

     12. Nothing in this Agreement shall prohibit or restrict Executive from: (i) making any
disclosure of information required by law; (ii) providing information to, or testifying or
otherwise assisting in any investigation or proceeding brought by, any federal regulatory or law
enforcement agency or legislative body, any self-regulatory organization, or the Company’s
designated legal, compliance or human resources officers; (iii) filing, testifying, participating
in or otherwise assisting in a proceeding relating to an alleged violation of any federal, state or
municipal law relating to fraud, or any rule or regulation of the Securities and Exchange
Commission or any self-regulatory organization or (iv) challenging the knowing and voluntary nature
of the release of ADEA claims pursuant to the OWBPA.

     13. The parties agree and acknowledge that the agreements by the Company described herein, and
the settlement and termination of any asserted or unasserted claims against the Releasees, are not
and shall not be construed to be an admission of any violation of any federal, state or local
statute or regulation, or of any duty owed by any of the Releasees to Executive.

     14. Executive agrees and recognizes that should Executive breach any of the obligations or
covenants set forth in this Agreement, the Company will have no further obligation to provide
Executive with the consideration set forth herein, and will have the right to seek repayment of all
consideration paid up to the time of any such breach. Further, Executive acknowledges in the event
of a breach of this Agreement, Releasees may seek
any and all appropriate relief for any such breach, including equitable relief and/or money
damages, attorney’s fees and costs.

     15. This Agreement and the obligations of the parties hereunder shall be construed,
interpreted and enforced in accordance with the laws of the Commonwealth of Pennsylvania.

     16. Executive certifies and acknowledges as follows:

A-3

 

          (a) That Executive has read the terms of this Agreement, and that Executive understands its
terms and effects, including the fact that Executive has agreed to RELEASE AND FOREVER DISCHARGE
the Company and each of the Releasees from any legal action arising out of Executive’s employment
relationship with the Company and the termination of that employment relationship;

          (b) That Executive has signed this Agreement voluntarily and knowingly in exchange for the
consideration described herein, which Executive acknowledges is adequate and satisfactory to her
and which Executive acknowledges is in addition to any other benefits to which Executive is
otherwise entitled;

          (c) That Executive has been and is hereby advised in writing to consult with an attorney prior
to signing this Agreement;

          (d) That Executive does not waive rights or claims that may arise after the date this
Agreement is executed;

          (e) That the Company has provided Executive with a period of [twenty-one (21)] or
[forty-five (45)] days within which to consider this Agreement, and that Executive has signed on
the date indicated below after concluding that this Separation of Employment Agreement and General
Release is satisfactory to Executive; and

[Note: The applicable time period will depend on whether the termination is part of a
reduction in force (45 days) or not (21 days). In addition, if the termination is in connection
with a reduction in force, certain disclosures will need to be made to Executive to comply with the
requirements of the ADEA if Executive is at least age 40.]

          (f) Executive acknowledges that this Agreement may be revoked by Executive within seven (7)
days after execution, and it shall not become effective until the expiration of such seven (7) day
revocation period. In the event of a timely revocation by Executive, this Agreement will be deemed
null and void and the Company will have no obligations hereunder.

     Intending to be legally bound hereby, Executive and the Company executed the foregoing
Separation of Employment Agreement and General Release this ___ day of ___, ___.

	 	 	 	 	 
	 
	 	Witness:	 	 

	[Executive]

	 	 
	 	 

SUNGARD DATA SYSTEMS INC.

	 	 	 	 	 	 	 
	By: 

	 	 	 	Witness: 	 	 
	 

	 	 
	 	 	 	 
	 	 	Name:
	 	 	 	 
	 	 	Title:
	 	 	 	 

A-4

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