Document:

EXHIBIT 10.8

 Exhibit 10.8 
 STOCK OPTION AGREEMENT (the “Agreement”), dated as of September 28, 2006, between Deltek Systems, Inc., a Virginia corporation (together with its successors, the “Company”), and
Kevin T. Parker (the “Optionee”). 
 RECITALS 
 WHEREAS, the Optionee commenced employment with the Company on June 27, 2005 (the “Start Date”) pursuant to an Employment Agreement, dated as of June 16, 2005, by and between the Company and
the Optionee (the “Employment Agreement”); 
 WHEREAS, by Unanimous Written Consent dated July 20, 2005 (the
“Grant Date”), the Board appointed the Optionee President and Chief Executive Officer of the Company and granted the Optionee the right and option to purchase 83,102 shares of Common Stock with a per share exercise price of $36.10
(the “First Option”) and the right and option to purchase 6,925 shares of Common Stock with a per share exercise price of $72.20 (the “Second Option”); 
 WHEREAS, on January 26, 2006, the Company paid a dividend of nine shares of Common Stock for each share of Common Stock then issued and outstanding,
and, in connection with such stock dividend, the number of shares of Common Stock subject to the First Option and the Second Option and the per share exercise prices of the First Option and the Second Option were proportionately adjusted; and

 WHEREAS, the Optionee and the Company now intend to evidence the Second Option; 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Grant of Option. This Agreement evidences the
Executive’s right and option (the “Option”) to purchase 69,250 shares of Common Stock (subject to adjustment as provided in Section 7 of the Plan) on the terms and conditions set forth in this Agreement and in the Deltek
Systems, Inc. 2005 Stock Option Plan, as amended (the “Plan”), a copy of which is being delivered to the Optionee concurrently herewith and is made a part hereof as if fully set forth herein. The Option is also subject to the
Employment Agreement, which modifies the terms and conditions of this Agreement and the Plan to the extent set forth therein. Except as otherwise defined herein, capitalized terms used in this Agreement shall have the same definitions as set forth
in the Plan. The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Code. 
 Section 2.
Purchase Price. The price (the “Option Price”) at which the Optionee shall be entitled to purchase shares of Common Stock upon the exercise of this Option shall be $7.22 per share (subject to adjustment as provided in
Section 7 of the Plan). 
 Section 3. Duration of Option. The Option shall be exercisable to the extent and in the manner provided
herein for a period of ten years after the Grant Date; provided, however, that the Option may be earlier terminated as provided in Section 4, 6, 7, 8 or 9 hereof. 

 Section 4. Exercisability of Option. 
 4.1. Amount of Exercise. Subject to the provisions of this Agreement and the Plan, the Option shall be exercisable in accordance with the
following schedule: 
 (a) prior to the first anniversary of the Start Date, the Option may not be exercised; 
 (b) on or after the first anniversary of the Start Date but before the second anniversary of the Start Date, the Option may be exercised to acquire up to
25% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; 
 (c) on or after the second anniversary of the Start Date but before the third anniversary of the Start Date, the Option may be exercised to acquire up to
50% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; 
 (d) on or after the third anniversary of the Start Date but before the fourth anniversary of the Start Date, the Option may be exercised to acquire up to
75% of the aggregate number of shares of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; and 
 (e) on or after the fourth anniversary of the Start Date, the Option may be exercised to acquire up to 100% of the aggregate number of shares of Common
Stock that may be purchased pursuant to the Option as set forth in Section 1 hereof, less any shares previously acquired pursuant to the Option; 
 provided, however, that notwithstanding the foregoing schedule as to exercisability, (x) upon a Change in Control during the Term, the Option shall become exercisable in full to the extent then unexercisable, and
(y) upon (A) a Qualifying Termination or (B) a termination of the Optionee’s employment by reason of the death or Permanent Disability of the Optionee, the Option shall become exercisable as to that portion thereof, if any, that
would become exercisable during the period beginning on the date of termination and ending on the first anniversary of the date of termination assuming that the Optionee’s employment had continued during the entirety of such period. For
purposes of the foregoing proviso, the terms “Change in Control,” “Term,” “Qualifying Termination” and “Permanent Disability” shall have the meanings set forth in the Employment
Agreement. 
 4.2. Sales or Other Events. The Company shall give the Optionee at least five business days’ notice
(or, if not practicable, such shorter notice as may be practicable) (the “Sale Notice”) prior to the anticipated date of the consummation of a sale by the NMP Entities of any of their shares of Common Stock to a Third Party (an
“NMP Sale”). The Optionee shall be 

  

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permitted to exercise the Option to the extent provided in this Section 4.2 in order to participate in the NMP Sale; provided, that, in the event of an
NMP Sale in which the Optionee would be required to participate pursuant to Section 3.5 of the Shareholders’ Agreement were the Optionee then a party to such agreement, the Company may require the Optionee to exercise the Option to the
extent necessary to enable the Optionee to participate therein or forfeit the Option (or portion thereof, as applicable). Notwithstanding anything in Section 4.1 to the contrary, in connection with an NMP Sale, the Option may be exercised to
the extent of the excess, if any, of (a) the number of shares with respect to which the Optionee would be entitled to, or is being required to, participate in an NMP Sale, and will so participate, over (b) the number of shares previously
issued to the Optionee upon exercise of the Option and not previously disposed of. Unless the Company elects to allow an earlier exercise of the Option, the exercise of an Option in connection with an NMP Sale shall be made in accordance with
Section 5 and shall be made concurrently with the consummation of the NMP Sale, and, in the event the NMP Sale is not consummated, any notice of exercise submitted in connection with the NMP Sale shall be of no force or effect and the Option
shall be exercisable thereafter to the extent it would have been exercisable if no Sale Notice or notice of exercise had been given. In lieu of permitting the Optionee to participate in a Public Offering of all or a portion of the shares of Common
Stock owned by the NMP Entities (a “Secondary Public Offering”), the Company, at its option, may instead cause the Option and the underlying shares to be registered under applicable securities laws, or make other arrangements
consistent with such laws, so as to permit the Optionee to sell for a period of time after the Secondary Public Offering the same number of shares that the Optionee would have been able to sell in the Secondary Public Offering but for this sentence.

 4.3. Termination of Option. Subject to the provisions of Section 9 hereof, the Option shall terminate simultaneously
with the consummation of a Total Sale to the extent that the Option has not theretofore been exercised. 
 4.4. Exercises Under Multiple
Option Agreements. Notwithstanding anything herein to the contrary, if, in connection with an NMP Sale, the Optionee shall be entitled to acquire shares of Common Stock pursuant to Section 4.2 hereof and pursuant to the analogous provisions
of one or more other stock option agreements between the Optionee and the Company (any such agreement, including this Agreement, an “Option Agreement”), then the Company shall have the right, at its option, to designate the Option
Agreement or Option Agreements pursuant to which the Optionee may exercise options for purposes of the Optionee’s participation in an NMP Sale, provided that in no event shall any such determination reduce the aggregate number of shares that
the Optionee would otherwise be entitled to sell in connection with such NMP Sale. 
 Section 5.
Manner of Exercise and Payment. 
 5.1. Notice of Exercise. Subject to the terms and conditions of
this Agreement and the Plan, the Option may be exercised by delivery of written notice to the Company. Such 

  

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notice shall state that the Optionee is electing to exercise the Option, shall set forth the number of shares of Common Stock in respect of which the Option
is being exercised and shall be signed by the Optionee or, where applicable, by the Optionee’s Legal Representative. All shares of Common Stock acquired upon the exercise of the Option shall be subject to the Shareholders’ Agreement, dated
as of April 22, 2005 (the “Shareholders’ Agreement”), to which the Optionee is currently a party by reason of execution of that certain Joinder Agreement to Shareholders’ Agreement, dated as of December 29, 2005,
to which the Optionee and the Company are parties (the “Joinder Agreement”). 
 5.2. Deliveries. The notice of
exercise described in Section 5.1 hereof shall be accompanied by (a) payment of the full purchase price for the shares in respect of which the Option is being exercised, together with any withholding taxes that may be due as a result of
the exercise of the Option, such payment to be made (i) by delivery to the Company of a certified or bank check payable to the order of the Company or (ii) in cash by wire transfer or other immediately available funds to an account
designated by the Company or (iii) through use of a cashless exercise procedure approved by the Committee (or combination thereof), and (b) the undated stock power referred to in Section 6.14(a)(ii) of the Shareholders’
Agreement. 
 5.3. Issuance of Shares. Upon receipt of notice of exercise, full payment for the shares of Common Stock in
respect of which the Option is being exercised and a fully executed stock power, and subject to Section 9 of the Plan, the Company shall take such action as may be necessary under applicable law to effect the issuance to the Optionee of the
number of shares of Common Stock as to which such exercise was effected. No fractional shares of Common Stock (or cash in lieu thereof) shall be issued upon exercise of an Option and the number of shares of Common Stock that may be purchased upon
exercise shall be rounded to the nearest whole number. 
 5.4. Shareholder Rights. The Optionee shall not be deemed to be the
holder of, or to have any of the rights of a holder with respect to, any shares of Common Stock subject to the Option until: (a) the Option shall have been exercised in accordance with the terms of this Agreement and the Optionee shall have
paid the full purchase price for the number of shares in respect of which the Option was exercised and any withholding taxes due, (b) the Optionee shall have delivered the fully executed stock power to the Company, (c) the Company shall
have issued the shares to the Optionee, and (d) the Optionee’s name shall have been entered as a shareholder of record on the books of the Company. Upon the occurrence of all of the foregoing events, the Optionee shall have full ownership
rights with respect to such shares, subject to the provisions of the Shareholders’ Agreement. 
 Section 6. Certain Restrictions.

 6.1. No Sale or Transfer. The Optionee shall not sell, transfer, assign, exchange, pledge, encumber or otherwise
dispose of the Option or any portion thereof. 
  

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 6.2. Employment Termination. If the Optionee shall no longer be employed on a full-time basis
by the Company for any reason whatsoever (including by reason of death, Permanent Disability or adjudicated incompetency) (“Terminated” or a “Termination”), irrespective of whether the Optionee receives, in
connection with the Termination, any severance or other payment from the Company under any employment agreement or otherwise, then (i) the Option, to the extent it is not exercisable pursuant to Section 4.1 hereof at the date of such
Termination, shall terminate on, and shall be of no further force and effect from and after, the date of such Termination, and (ii) the Option, to the extent it is exercisable pursuant to Section 4.1 hereof at the date of such Termination
(the “Exercisable Portion of the Option”), shall be exercisable by the Optionee during the Post-Termination Exercise Period (as defined below), but in no event after the expiration of the term of the Option, and, until exercised,
the Exercisable Portion of the Option shall continue to be subject to the terms of this Agreement, including Section 4.2 hereof. If the Optionee does not exercise any portion of the Exercisable Portion of the Option within the Post-Termination
Exercise Period, such portion shall terminate and shall be of no further force and effect following the close of business on the last day of the Post-Termination Exercise Period. 
 “Post-Termination Exercise Period” shall mean the period commencing on the date of the Optionee’s Termination and ending at the
close of business on the 180th day after the date of the Optionee’s Termination. Notwithstanding anything in this Agreement or the Plan to the contrary, and in addition to the rights of the Company set forth in Section 7.2, the Option,
whether exercisable or unexercisable, shall immediately terminate upon a Termination by the Company for Cause. 
 “Cause”
shall have the meaning set forth in the Employment Agreement. 
 Section 7. Prohibited Activities. 
 7.1. Prohibition Against Certain Activities. The Optionee agrees that the Optionee will not at any time (a) disclose or furnish
to any other Person or use for the Optionee’s own or any other Person’s account any Confidential or Proprietary Information (other than in the course of the Optionee’s employment with the Company) except for Permitted Disclosures (a
“Prohibited Disclosure”), (b) directly or indirectly solicit for employment, including without limitation, recommending to any subsequent employer the solicitation for employment of, any employee of the Company or any Affiliate
thereof (provided, that this clause (b) shall expire on the second anniversary of the date of the Optionee’s Termination) (a “Prohibited Solicitation”) and (c) commit a breach of the provisions of Section 6.1 (a
“Prohibited Transfer”). 
 “Confidential or Proprietary Information” shall mean any non-public information
about the Company or any Affiliate thereof which was acquired by the Optionee during the Optionee’s employment with the Company or any Affiliate thereof and which has or is reasonably likely to have material competitive value to the Company or
any Affiliate thereof or 

  

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to a competitor of the Company, but excluding information that is or becomes generally available to the public other than as a result of a breach of this
Agreement by the Optionee. 
 “Permitted Disclosure” means the disclosure of Confidential or Proprietary Information
(i) made with the prior written consent of the Company, (ii) required to be disclosed by law or legal process or (iii) if the Optionee is a party to the Recapitalization Agreement, dated as of December 23, 2004, to which (among
others) the Company and the NMP Entities are parties, as may reasonably be necessary in connection with the performance of any indemnification obligations thereunder. 
 7.2. Right to Terminate Option. The Optionee understands and agrees that the Company is granting to the Optionee the Option to reward the Optionee for the Optionee’s future efforts and loyalty to the
Company and its Affiliates by giving the Optionee the opportunity to participate in the potential future appreciation of the Company. Accordingly, if, while any portion of the Option is outstanding, (a) the Optionee engages in any Prohibited
Disclosure or breaches or violates the Optionee’s obligations relating to the non-disclosure or non-use of confidential or proprietary information under the Employment Agreement, or (b) the Optionee engages in any Prohibited Solicitation
or breaches or violates any non-solicitation obligations under the Employment Agreement, or (c) the Optionee engages in any Prohibited Transfer, or (d) the Optionee is convicted of a felony against the Company or any of its Affiliates,
then, in addition to any other rights and remedies available to the Company, the Company shall be entitled, at its option, exercisable by written notice, to terminate the Option (including the Exercisable Portion of the Option), or any unexercised
portion thereof, which shall then be of no further force and effect. 
 Section 8. Effect of Certain Transactions. Subject to Section 9, in
the event of (a) the liquidation or dissolution of the Company or (b) a merger or consolidation of the Company (a “Transaction”), the Option shall continue in effect in accordance with its terms, except that following the
Transaction either (i) each outstanding Option shall be treated as provided for in the plan of liquidation or dissolution adopted, or the agreement entered into, in connection with the Transaction or (ii) if not so provided in such plan or
agreement, the Optionee shall be entitled to receive in respect of each share of Common Stock subject to the Option, upon exercise of the Option, the same number and kind of stock, securities, cash, property or other consideration that each holder
of a share of Common Stock was entitled to receive in the Transaction in respect of a share of Common Stock; provided, however, that such stock, securities, cash, property, or other consideration shall remain subject to all of the conditions,
restrictions and performance criteria which were applicable to the Option prior to such Transaction. 
 Section 9. Continuation of Plan
upon Total Sale. Upon the effective date of any Total Sale, any unexercised portion of the Option shall terminate unless provision shall be made in writing in connection with such Total Sale for the continuance of the Plan and such unexercised
portion of the Option or for the assumption of such unexercised portion of the Option by a successor to 

  

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the Company or for the substitution for such unexercised portion of the Option of new options covering shares or other securities or other equity interests
of such successor with appropriate adjustments as to number and kind of shares or other securities or other equity interests, option prices and other terms of such new options. In the event that provision in writing is made as aforesaid in
connection with a Total Sale, the unexercised portion of the Option or the new options substituted therefor shall continue in the manner and under the terms provided in the Plan and this Agreement and in such writing. 
 Section 10. Miscellaneous. 
 10.1.
Acknowledgment. The Optionee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof as the same may be amended from time to time. The Optionee hereby acknowledges that the Optionee has
reviewed the Plan and this Agreement and understands the Optionee’s rights and obligations thereunder and hereunder. The Optionee also acknowledges that the Optionee has been provided with such information concerning the Company, the Plan and
this Agreement as the Optionee and the Optionee’s advisors have requested. Nothing in this Agreement is intended to (and nothing in this Agreement shall be construed to) alter or diminish the rights or obligations of the Company or the Optionee
under any other agreement to which the Optionee and the Company are parties (including, without limitation, the Employment Agreement and the Shareholders’ Agreement). 
 10.2. Resolution of Disputes. Any dispute or disagreement which may arise under, or as a result of, or which may in any way relate to,
the interpretation, construction or application of this Agreement shall be determined by the Committee, in good faith, whose determination shall be final, binding and conclusive for all purposes. 
 10.3. Governing Law; Venue; Service of Process; Waiver of Jury Trials. 
 (a) Governing Law. This Agreement shall be construed and enforced in accordance with, and the rights and obligations of the parties hereto shall
be governed by, the laws of the State of New York, without giving effect to the conflicts of law principles thereof. 
 (b) Venue and
Service of Process. By execution and delivery of this Agreement, each of the parties hereto hereby irrevocably and unconditionally (i) consents to submit to the exclusive jurisdiction of the federal and state courts of the State of New York
located in New York County (collectively, the “Selected Courts”) for any action or proceeding arising out of or relating to this Agreement and the transactions contemplated hereby, and agrees not to commence any action or proceeding
relating thereto except in the Selected Courts, provided that a party may commence any action or proceeding in a court other than a Selected Court solely for the purpose of enforcing an order or judgment issued by one of the Selected Courts;
(ii) consents to service of any process, summons, notice or document in any action or proceeding by registered first-class mail, postage prepaid, return receipt requested or by 

  

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nationally recognized courier guaranteeing overnight delivery in accordance with Section 10.6 hereof and agrees that such service of process shall be
effective service of process for any action or proceeding brought against it in any such court, provided that nothing herein shall affect the right of any party hereto to serve process in any other manner permitted by law; (iii) waives
any objection to the laying of venue of any action or proceeding arising out of this Agreement or the transactions contemplated hereby in the Selected Courts; and (iv) waives and agrees not to plead or claim in any court that any such action or
proceeding brought in any such Selected Court has been brought in an inconvenient forum. 
 (c) Waiver of Jury Trial. EACH OF THE
PARTIES HEREBY IRREVOCABLY, TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, WAIVES, AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING IN
WHOLE OR IN PART ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AND AGREES THAT ANY OF THEM MAY FILE A COPY OF
THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE ITS RIGHT TO TRIAL BY JURY IN ANY SUCH ACTION OR PROCEEDING. SUCH ACTION OR PROCEEDING SHALL INSTEAD BE
TRIED IN A SELECTED COURT BY A JUDGE SITTING WITHOUT A JURY. 
 10.4. Specific Performance. The parties hereto acknowledge that there
will be no adequate remedy at law for a violation of any of the provisions of this Agreement and that, in addition to any other remedies which may be available, all of the provisions of this Agreement shall be specifically enforceable in accordance
with their respective terms. 
 10.5. Severability. Whenever possible, each provision or portion of any provision of this Agreement
will be interpreted in such manner as to be effective and valid under applicable law but the invalidity or unenforceability of any provision or portion of any provision of this Agreement in any jurisdiction shall not affect the validity or
enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of this Agreement, including that provision or portion of any provision, in any other jurisdiction. In addition, should a court or arbitrator
determine that any provision or portion of any provision of this Agreement is not reasonable or valid, either in period of time, geographical area, or otherwise, the parties hereto agree that such provision should be interpreted and enforced to the
maximum extent which such court or arbitrator deems reasonable or valid. 
 10.6. Notice. Unless otherwise provided herein, all
notices, requests and other communications provided for under the terms of this Agreement shall be in writing. Any notice, 

  

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request or other communication hereunder shall be sent by (i) personal delivery, (ii) facsimile during normal business hours, with confirmation of
receipt, to the number indicated, (iii) reputable commercial overnight delivery service courier or (iv) registered or certified mail, return receipt requested, postage prepaid, in each case addressed to the intended recipient as set forth
below: 
  

	 	(a)	If to the Company, to: 

 Deltek Systems, Inc. 

13880 Dulles Corner Lane Herndon, VA 20171 
 Attention: Chief Financial Officer and General Counsel 
 Facsimile: (703) 734-1146 
  

	 	(b)	With a copy to (which shall not constitute notice): 

 Fried, Frank, Harris, Shriver & Jacobson LLP 
 One New York Plaza 
 New York, New York 10004 
 Facsimile:
(212) 859-4000 
 Attention: Aviva F. Diamant, Esq. 
 (c) If to the Optionee, to the most recent address and facsimile number contained in the Company’s records, and if to the Legal Representative, to such Person at the address of which the Company is notified in
accordance with this Section 10.6. 
 All such notices, requests and other communications shall be deemed to have been given when received. Any party
may change its facsimile number or its address to which notices, requests and other communications hereunder are to be delivered by giving the other parties hereto notice in the manner then set forth. 
 10.7. Binding Effect; Assignment; Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and any of their respective successors, personal representatives and permitted assigns who agree in writing to be bound by the terms hereof. Neither this Agreement nor any of the rights, interests or obligations hereunder shall
be assigned by the Optionee without the prior written consent of the Company. In addition, each of the NMP Entities shall be a third party beneficiary of this Agreement and shall be entitled to enforce this Agreement. In connection with the transfer
of any securities of the Company held by an NMP Entity, each NMP Entity shall be entitled to assign its rights hereunder to an Affiliate of such NMP Entity or a partner of such NMP Entity or Affiliate and, subject to such NMP Entities’
compliance with Section 3.3 of the Shareholders’ Agreement, if applicable, to a Third Party. 
  

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 10.8. Amendments and Waivers. This Agreement and any of the provisions hereof may be
amended, waived (either generally or in a particular instance and either retroactively or prospectively), modified or supplemented, in whole or in part, only by written agreement signed by the Company and the Optionee; provided that the
observance of any provision of this Agreement may be waived in writing by the party that will lose the benefit of such provision as a result of such waiver. The waiver by any party hereto of a breach of any provision of this Agreement shall not
operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach, except as otherwise explicitly provided for in such waiver. Except as otherwise expressly provided herein, no failure on the
part of any party to exercise, and no delay in exercising, any right, power or remedy hereunder, or otherwise available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or partial exercise of such right,
power or remedy by such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. 
 10.9.
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 
 10.10. Entire Agreement. This Agreement, the Plan, the Employment Agreement and the Shareholders’ Agreement (as modified by the Joinder
Agreement) constitute the entire agreement, and supersede all prior agreements and understandings, oral and written, between the parties hereto with respect to the Option granted hereby. 
 10.11. Withholding. The Company shall have the right to deduct from any amount payable under this Agreement any taxes or other amounts required by
applicable law to be withheld. The Optionee agrees to indemnify the Company against any federal, state and local withholding taxes for which the Company may be liable in connection with the Optionee’s acquisition, ownership or disposition of
any Common Stock. 
 10.12. No Right to Continued Employment. This Agreement shall not confer upon the Optionee any right with respect
to continuance of employment by the Company or any Affiliate thereof, nor shall it interfere in any way with the right of the Company or any Affiliate thereof to terminate such Optionee’s employment at any time. 
 10.13. General Interpretive Principles. Whenever used in this Agreement, except as otherwise expressly provided or unless the context otherwise
requires, any noun or pronoun shall be deemed to include the plural as well as the singular and to cover all genders. The headings of the sections, paragraphs, subparagraphs, clauses and subclauses of this Agreement are for convenience of reference
only and shall not in any way affect the meaning or interpretation of any of the provisions hereof. Unless otherwise specified, the terms “hereof,” “herein” and similar terms refer to this Agreement as a whole (including the
exhibits, schedules and disclosure statements hereto), and references herein to Sections refer to Sections of this 

  

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Agreement. Words of inclusion shall not be construed as terms of limitation herein, so that references to “include,” “includes” and
“including” shall not be limiting and shall be regarded as references to non-exclusive and non-characterizing illustrations. 
 IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. 
  

							
	 	 	 	 	DELTEK SYSTEMS, INC.
				
	 /s/ Kevin T. Parker
	 		 	By:	 	 /s/ James C. Reagan

	Kevin T. Parker	 		 	Name:	 	James C. Reagan
		 		 	Title:	 	Executive Vice President and Chief Financial Officer

  

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 Exhibit 10.9 
  

					
	 Deltek Systems, Inc.
	  	703.734.8606	 	www.deItek.com
	 13880 Dulles Corner Lane
	  	800.456.2009	 	
	 Herndon, Virginia 20171-4600
	  	703.734.0346 fax	 	

 

 
 October 6, 2005 
 James
Reagan 
 2060 Beacon Heights Drive 
 Reston, VA 20191 

Dear Jim: 
 I am pleased to offer you the position of
Chief Financial Officer and Treasurer of Deltek Systems, Inc. (the “Company”). I am very excited about the Company’s future and equally excited at the prospect of your joining our team. The following are the terms and
conditions of your offer. 
  

	 	1.	Start Date. We have agreed that you will start working for the Company on October 6, 2005. 

  

	 	2.	Reporting Responsibilities. As Chief Financial Officer and Treasurer, you will report to me, although, as with all of the Company’s officers, you may also be called on
from time to time to give reports to the board of directors of the Company (the “Board”) directly. 

  

	 	3.	Base Salary and Annual Bonus. Your annual base salary will be $275,000, payable in accordance with the Company’s standard payroll policy, and will be reviewed
periodically by me and the Board for increase (but not decrease). You will be entitled to receive bonuses, to be paid quarterly, based on meeting targets that you and I agree on or that are established by the Board. In addition, for the first two
quarters of your employment (as though your start date was October 1, 2005 for this purpose), you will receive aggregate bonuses of at least $80,000, with $40,000 of this amount to be paid on the first payroll date on or after December 31,
2005, and the remaining $40,000 of this amount to be paid on the first payroll date on or after March 31, 2006. All payments to you by the Company will be subject to any required withholding of taxes. 

  

	 	4.	 Other Benefits. You will be provided with the Company’s standard benefits package in effect from time to time, which currently includes medical
coverage, 401(k) plan participation and four weeks of paid vacation. You will be reimbursed pursuant to the Company’s expense reimbursement policy in effect from time to time for the covered business expenses that you incur in connection with
your service to the Company. In addition, the Company will reimburse you 

	 	 
for reasonable legal fees incurred by you in connection with the negotiation and drafting of this agreement and related documents, in a total amount not to
exceed $2,000, provided that you submit to the Company suitable supporting documentation within 90 days of incurring the expenses. 

  

	 	5.	Insurance; Indemnification. From and after your start date and for so long as the Company maintains any directors and officers liability insurance policy, you will be
provided in respect of your service to the Company with the same coverage under such policy as is provided to other directors or officers of the Company in respect of their service to the Company. In addition, from and after your start date, the
Company will indemnify you to the maximum extent permitted under applicable law and/or the Company’s charter or by-laws to the extent that such indemnification is provided to other directors or officers of the Company. Such coverage and
indemnification will be provided, to the extent that you are entitled thereto, without regard to your termination of employment. 

  

	 	6.	Stock Options. On or as soon as practicable after your start date and upon approval of the Board, the Company will grant you an option to purchase 25,000 shares of common
stock, par value $0.001 per share, of the Company (and including any securities into which such shares are changed or for which such shares are exchanged) (the “Common Stock”), with a per share exercise price of $36.10 and an option
to purchase 6,000 shares of Common Stock with a per share exercise price of $72.20. Each of these options will vest in 25% increments annually over four years from your start date, will be granted pursuant to the Company’s 2005 Stock Option
Plan and will be evidenced by a Stock Option Agreement in the form customarily used by the Company for its employees, a copy of which has been provided to you; provided, however, that, notwithstanding Section 4 of the Stock Option
Agreement, upon a Change in Control, these options will become vested and exercisable in full to the extent then unexercisable. For purposes of this letter, “Change in Control” will have the meaning set forth on Annex A hereto.

 In addition, as we have discussed, I expect the Board to amend Section 7.1 of the Company’s Stock Option Plan at
its January meeting to add the following proviso: 
 “; provided, however, that in the event the Common Stock is subdivided into more,
or combined into fewer, shares of Common Stock, or a stock dividend consisting of Common Stock is paid on the Common Stock, then, unless otherwise provided in an applicable Stock Option Agreement, each Option then outstanding shall be adjusted
(i) by multiplying the number of shares of Common Stock subject to the Option by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately following such subdivision, combination or dividend and the
denominator of which is the number of shares of Common Stock outstanding immediately prior to such subdivision, 

 
combination or dividend (such fraction, the “Adjustment Fraction”) and (ii) by dividing the Option Price of the Option by the Adjustment
Fraction.” 
  

	 	7.	Stock Purchase. For 90 days following your start date, the Company will provide you with the opportunity to purchase shares of Common Stock at their fair market value on
October 10, 2005 ($36.10 per share), in an amount up to $350,000. If you elect to purchase any shares of Common Stock, you will execute and deliver a shareholders’ agreement governing the ownership and transfer of those shares, to be
provided to you by the Company. 

  

	 	8.	At-Will Employment; Severance. You will have no set term of employment, and your employment will be at will. 

 If your employment is terminated before a Change in Control either by the Company without Cause or by you for Good Reason, then the Company shall continue
to pay you your then current base salary as of the date of termination for six months thereafter. 
 If your employment is terminated on the
date of or within two years following a Change in Control either by the Company or its successor without Cause or by you for Good Reason, then the Company shall: (1) continue to pay you your then current base salary as of the date of
termination for eighteen months thereafter, (2) pay you a pro rata portion of your bonus for the period in which you are terminated (as computed under the Company’s or its successor’s bonus programs in effect immediately prior to the
termination), if any, which bonus shall be determined based on the actual results of the Company for the applicable bonus period, and your pro rata share of any such bonus shall be based upon the percentage of the applicable bonus period that you
were employed by the Company, and (3) continue your coverage under the Company’s medical benefit plan for eighteen months at the active-employee premium rate. 
 The continuation of base salary will be paid in substantially equal installments over the applicable severance period in accordance with the Company’s standard payroll practices with respect to active employees
but not less frequently than monthly. The payment of a pro rata portion of your bonus (if any) will be paid in a lump sum at such time as bonuses are generally paid to executives during the period in which you are terminated. Notwithstanding the
preceding two sentences, if Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), would cause the imposition of an excise tax on the salary continuation severance payment or bonus award severance payment
if paid as aforesaid, then (i) payment of the installments of the salary continuation severance payment will commence upon the earliest date that complies with Section 409A without the imposition of the excise tax, and the first such
installment will include all portions of the salary continuation severance payment that would have been paid but for the application of Section 409A to the salary continuation severance payment, and (ii) the bonus award severance payment
will 

 
be paid upon the earliest date that complies with Section 409A without the imposition of the excise tax. The Company’s obligations to make any
payments and (if applicable) continue the medical coverage as set forth in this section 8 is conditioned upon: (x) your continued compliance with your obligations under the Employee Agreement, the form of which is attached hereto as Annex B,
and (y) your execution, delivery and non-revocation of a valid and enforceable general release of claims substantially in the form attached hereto as Annex C. 
 For purposes of this letter, “Cause” and “Good Reason” will have the meanings set forth on Annex A hereto. 
  

	 	9.	Effect of 280G of the Code. Anything in this letter to the contrary notwithstanding, in the event that the benefits provided to you under this letter, and any other
agreements, plans or arrangements to which you may be a party, cause you to incur an excise tax under Section 4999 of the Code or any corresponding provisions of applicable state tax law in connection with a change in the ownership or effective
control of the Company or the ownership of a substantial portion of the Company’s assets (within the meaning of Section 280G(b)(2) of the Code), then the Company will pay you an additional amount sufficient to reimburse you for
(i) the excise tax imposed on such benefits, and (ii) the federal and state income, employment and excise taxes, determined on a “fully grossed-up” basis, imposed on the payment provided for under this section 9. The payment of a
gross-up payment under this section 9 shall in no event be conditioned upon your termination of employment or the receipt of severance benefits under this letter. All calculations performed in connection with this section 9 shall assume that the
highest marginal tax rates apply to you. 

 All determinations required to be made under this section 9, including whether and
when a gross-up payment is required and the amount of such gross-up payment and the assumptions to be utilized in arriving at such determination, shall be made if possible by the accounting firm that is retained by the Company as of the date
immediately prior to the change in the ownership, effective control or a change in the ownership of a substantial portion of the assets of the Company, or if not possible then by another accounting firm of recognized national standing that is
mutually agreed upon by you and the Company (the “Accounting Firm”), which Accounting Firm shall provide detailed supporting calculations both to the Company and you within 30 days following the receipt of notice from the Company or
you that there has been a payment (which notice shall contain all supporting documentation relating to the payment), or such earlier time as is requested by the Company (collectively, the “Determination”). All fees and expenses of
the Accounting Firm shall be borne solely by the Company and the Company shall enter into any agreement requested by the Accounting Firm in connection with the performance of its services hereunder. The gross-up payment under this section 9 with
respect to any payment shall be paid, at the discretion of the Company, either to you at least 30 days before the due date thereof or directly to the applicable taxing authorities on your behalf not later than the due date 

 
thereof. The Determination by the Accounting Firm shall be binding upon the Company and you, except as provided in the next paragraph below. 
 As a result of the uncertainty in the application of Section 4999 of the Code at the time of the Determination, it is possible that gross-up payments
which will not have been made by the Company should have been made (“Underpayment”) or gross-up payments are made by the Company which should not have been made (“Overpayment”), consistent with the calculations
required to be made hereunder. In the event that you thereafter are required to make payment of any additional excise tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be
promptly paid by the Company to or for the benefit of you as provided in the second paragraph of this section 9. In the event the amount of the gross-up payment exceeds the amount necessary to reimburse you for the excise tax, the Accounting Firm
shall determine the amount of the Overpayment that has been made, you shall take reasonable steps to obtain a refund thereof from the applicable taxing authorities, and you shall pay any such Overpayment to or for the benefit of the Company after
you have received the applicable tax refund from such taxing authorities related to such Overpayment. You and the Company shall cooperate with each other with respect to any reasonable requests by a party in connection with any contests or disputes
with the Internal Revenue Service in connection with the excise tax. 
  

	 	10.	Employee Covenants. As a condition of your employment, not later than your start date, you will execute and deliver the Company’s form of Employee Agreement, which is
attached hereto as Annex B. 

 If the foregoing terms and conditions are consistent with your understanding, please sign this letter
below and return a copy to me. Jim, I am confident that you will be a valuable addition to our team, and I look forward to working with you. 
  

			
		 	Very truly yours,
		
		 	DELTEK SYSTEMS, INC.
		
		 	 

	By:	 	Kevin Parker
	Its:	 	President and Chief Executive Officer

  

	
	ACCEPTED AND AGREED:
	
	 

	James Reagan

 Annex A 
 Definitions 
 “Cause” shall mean (A) a conviction of you for the commission of
a felony, (B) a commission by you of one or more acts involving fraud or gross misconduct that cause material damage to the Company, (C) a material violation by you of the Employee Agreement or (D) your breach of any material terms of
this letter and such breach is not cured within 30 days after written notice by the Company to you identifying such breach. Prior to terminating your employment for Cause pursuant to clause (D), you shall be given (1) a written notice of such
determination setting forth the nature of such alleged Cause item and specifically stating the corrective action required, (2) a reasonable opportunity to meet with the Board (with the assistance of your counsel if you so elect) to discuss such
item and required corrective action and (3) a reasonable opportunity to take the required action and cure such item. 
 A
“Change in Control” will have occurred if (A) any third party not affiliated with New Mountain Partners II, L.P., New Mountain Affiliated Investors II, L.P. or Allegheny New Mountain Partners, L.P. or any of their affiliates
(collectively, “New Mountain”), but excluding the deLaski Shareholders (as defined in the Shareholders’ Agreement, dated as of April 22, 2005, to which (among others) the Company and New Mountain are parties), owns,
directly or indirectly, more voting capital stock of the Company than New Mountain owns or (B) a third party not so affiliated has or obtains the right to elect a majority of the Board. 
 “Good Reason” shall mean (A) a reduction, without your written consent, of the nature and scope of the authorities, powers,
functions or duties assigned to you or your compensation (including, without limitation, your annual base salary or target annual bonus opportunity) (for clarification purposes, it shall be deemed a reduction if you are not at all times the sole
Chief Financial Officer of the Company (or, if more than 50% of the Company’s voting capital stock is owned, directly or indirectly, by one or more corporations or other entities in a single chain (but excluding any investment partnership or
other investment fund) (a “Parent”), of the ultimate Parent), (B) the Company’s requiring you, without your prior written consent, to change the office location at which you are based which results in your having a commute
to such location from your residence in excess of 75 miles or in excess of 120% (in miles) of your commute immediately prior to the date of such change of location, whichever is greater, or (C) the Company’s breach of any material terms of
your employment or this letter, and, in the case of clause (A) or (C), such reduction or breach is not cured within 30 days after written notice by you to the Company identifying such reduction or breach. In order to constitute termination for
Good Reason, you must terminate your employment within 60 days after the basis for such termination becomes known to you (or, in the case of clause (A) or (C), within 30 days after the Company has failed to cure such reduction or breach);
provided, that, if the basis for Good Reason is that you are no longer Chief Financial Officer of a Parent, then you shall provide the Company with 60 days to cure such event after written notice of such event is given by you to the Company.

 Annex B 
 Employee Agreement 

 EMPLOYEE AGREEMENT 
 This Employee Agreement (“Agreement”), dated as of October 6, 2005, is made and entered into by and between James Reagan (the “Employee”) and Deltek Systems, Inc., a Virginia
corporation (the “Company”). 
 WHEREAS, the Company desires to employ the Employee, and the Employee desires to be employed
by the Company; and 
 WHEREAS, in connection with the Employee’s employment with the Company, the Employee shall receive, have access
to, and contribute to various confidential information and materials, which constitute valuable proprietary information of the Company; 
 NOW, THEREFORE, in consideration of the premises and covenants hereinafter set forth, the continued employment by the Company of the Employee, and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the Employee, the parties hereto agree as follows. 
 Section 1. Employee Covenants. The Employee agrees that
(i) the Employee shall not at any time disclose or furnish to any other Person or use for his or her own or any other Person’s account any Confidential or Proprietary Information (other than in the course of his or her employment with the
Company) except for Permitted Disclosures, (ii) the Employee shall not, at any time during his or her employment with the Company and thereafter during the Restriction Period, directly or indirectly solicit for employment, including recommending to
any subsequent employer the solicitation for employment of, any employee of the Company or any of its affiliates and (iii) the Employee shall not, at any time during his or her employment with the Company and thereafter during the Restriction
Period, engage in any Competitive Activity. 
 For purposes of this Agreement: 
 “Company’s Market Area” shall mean (x) the United States (including each state and the District of Columbia), and (y) each country
or territory other than the United States which accounted to at least two and one-half percent (2-1/2%) of software license revenue by the Company and its subsidiaries during the twelve (12) months immediately prior to the date of the
Employee’s termination of employment as reported on the Company’s financial statements. 
 “Company Product” shall
mean any project-based business management and/or sales management software and /or other product that, as of the date of the Employee’s termination of employment, the Company or any of its affiliates is developing, implementing, marketing
and/or selling. 
 “Competing Business” shall mean the business of (i) developing, implementing, marketing and/or selling
any Company Products or Competing Products or (ii) developing, providing, performing, marketing or selling any Competing Services. 
 “Competing Product” shall mean any product that competes with any Company Product. 
  

 1 

 “Competing Service” shall mean implementation, consulting, support, maintenance,
development and/or training services relating to or in connection with the use of any Company Products or Competing Products. 
 “Competitive Activity” shall mean, directly or indirectly, (i) owning, managing, operating, joining, controlling, being employed by, or participating in the ownership, management, operation or control of, or being connected
in any manner with, including, without limitation, holding any position as a shareholder, director, officer, consultant, independent contractor, employee or partner of, spokesman for, or investor in, any Competitor, or (ii) acting as a Competitor in
an individual capacity; provided, that in no event (i) shall ownership by the Employee of five percent (5%) or less of the outstanding securities of any class of any issuer whose securities are registered under the Securities Exchange Act of
1934, as amended, standing alone, be considered Competitive Activity, so long as the Employee does not have, or exercise, any rights to manage or operate the business of such issuer other than rights as a shareholder thereof, (ii) shall being
employed by a Competitor, standing alone, be considered Competitive Activity, so long as (A) the Competitor has more than one discrete and readily distinguishable part of its business, (B) the Employee’s duties are not at or involving the part
of the Competitor’s business that constitutes a Competing Business, including, without limitation, serving in a capacity where any Person involved in the part of the Competitor’s business that constitutes a Competing Business reports to
the Employee and (C) the Employee notifies the Company of such employment prior to commencement of his or her employment with such Competitor, or (iii) shall being employed by a licensee of any Company Product and providing Competing Services to
such licensee, standing alone, be considered Competitive Activity. 
 “Competitor” shall mean any Person that is engaged in
(or intends or proposes to engage in, or has been organized for the purpose of engaging in) a Competing Business in the Company’s Market Area. 
 “Confidential or Proprietary Information” shall mean any non-public information about the Company or any of its affiliates which was acquired by the Employee during his or her employment with the Company or any of its
affiliates and which has or is reasonably likely to have competitive value to the Company or any of its affiliates or to a Competitor, but excluding information that is or becomes generally available to the public other than as a result of a breach
of this Agreement by the Employee. 
 “Permitted Disclosure” shall mean the disclosure of Confidential or Proprietary
Information (i) made with the prior written consent of the Company or (ii) required to be disclosed by law or legal process. 
 “Person” shall mean an individual, a corporation, a partnership, a limited liability company, an association, a trust or any other entity or organization, including a government or political subdivision or an agency or
instrumentality thereof. 
 “Restriction Period” shall mean the period commencing on the date of the Employee’s
termination of employment and ending on the twelve (12) month anniversary of such termination. 
  

 2 

 Section 2. Remedies. The Employee agrees that any material breach of the terms of this
Agreement would result in irreparable injury and damage to the Company for which the Company would have no adequate remedy at law; the Employee therefore also agrees that in the event of said breach or any threat of breach, the Company shall be
entitled to an immediate injunction and restraining order to prevent such breach and/or threatened breach and/or continued breach by the Employee and/or any and all Persons acting for and/or with the Employee, without having to prove damages, in
addition to any other remedies to which the Company may be entitled at law or in equity. The terms of this paragraph shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof, including,
without limitation, the recovery of damages from the Employee. The Employee and the Company further agree that the provisions of the covenants contained in this Agreement are reasonable and necessary to protect the businesses of the Company and its
affiliates because of the Employee’s access to Confidential Information and his or her material participation in the operation of such businesses. 
 Section 3. Miscellaneous. 
 3.1. Amendments and Waivers. This Agreement and any of the
provisions hereof may be amended, waived (either generally or in a particular instance and either retroactively or prospectively), modified or supplemented, in whole or in part, only by written agreement signed by the parties hereto;
provided, that, the observance of any provision of this Agreement may be waived in writing by the party, that will lose the benefit of such provision as a result of such waiver. The waiver by any party hereto of a breach of any provision of
this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach, except as otherwise explicitly provided for in such waiver. Except as otherwise expressly provided
herein, no failure on the part of any party to exercise, and no delay in exercising, any right, power or remedy hereunder, or otherwise available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or
partial exercise of such right, power or remedy by such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. 
 3.2. Assignment; No Third-Party Beneficiaries. This Agreement, and the Employee’s rights and obligations hereunder, may not be assigned by the Employee, and any purported assignment by the Employee in
violation hereof shall be null and void. Nothing in this Agreement shall confer upon any Person not a party to this Agreement, or the legal representatives of such Person, any rights or remedies of any nature or kind whatsoever under or by reason of
this Agreement. 
 3.3 Notices. Unless otherwise provided herein, all notices, requests, demands, claims and other communications
provided for under the terms of this Agreement shall be in writing. Any notice, request, demand, claim or other communication hereunder shall be sent by (i) personal delivery (including receipted courier service) or overnight delivery service, (ii)
facsimile during normal business hours, with confirmation of receipt, to any facsimile number the Employee provides to the Company for purposes of receipt of notice, (iii) reputable commercial overnight delivery service courier or (iv) registered or
certified mail, return receipt requested, postage prepaid and addressed to the intended recipient as set forth below: 
  

 3 

	 	(a)	If to the Employee, to the most recent home address that the Company maintains in its records for the Employee; and 

  

	 	(b)	If to the Company, to: 

 Deltek Systems, Inc. 

13880 Dulles Corner Lane 
 Herndon, VA
20171 
 Attention: Secretary 
 Facsimile: (703) 734-1146 
 All such notices, requests, consents and other communications shall be deemed to have been given when received. Any
party may change its facsimile number or its address to which notices, requests, demands, claims and other communications hereunder are to be delivered by giving the other parties hereto notice in the manner then set forth. 
 3.4. Governing Law. This Agreement shall be construed and enforced in accordance with, and the rights and obligations of the parties hereto shall
be governed by, the laws of the Commonwealth of Virginia, without giving effect to the conflicts of law principles thereof. 
 3.5.
Severability. Whenever possible, each provision or portion of any provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law but the invalidity or unenforceability of any provision or
portion of any provision of this Agreement in any jurisdiction shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of this Agreement, including that provision or
portion of any provision, in any other jurisdiction. In addition, should a court or arbitrator determine that any provision or portion of any provision of this Agreement is not reasonable or valid, either in period of time, geographical area, or
otherwise, the parties hereto agree that such provision should be interpreted and enforced to the maximum extent which such court or arbitrator deems reasonable or valid. 
 3.6. Entire Agreement. This Agreement shall constitute the entire agreement between the parties, and supersede all prior representations,
agreements and understandings (including any prior course of dealings), both written and oral, between the parties with respect to the subject matter hereof. The terms of this Agreement shall prevail and govern in the event of any conflict in terms
between this Agreement and any Company agreement or Company policy applicable to the Employee. 
 3.7. Counterparts. This Agreement
may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 
 3.8. Binding Effect. This Agreement shall inure to the benefit of, and be binding on, the successors and assigns of each of the parties,
including, without limitation, the Employee’s heirs and the personal representatives of the Employee’s estate and any successor to all or substantially all of the business and/or assets of the Company. 
  

 4 

 3.9. General Interpretive Principles. The headings of the sections, paragraphs, subparagraphs,
clauses and subclauses of this Agreement are for convenience of reference only and shall not in any way affect the meaning or interpretation of any of the provisions hereof. Words of inclusion shall not be constructed as terms of limitation herein,
so that references to “include”, “includes” and “including” shall not be limiting and shall be regarded as references to non-exclusive and non-characterizing illustrations. 
 IN WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of the parties hereto, all as of the date first above written. 
  

							
		 		 	DELTEK SYSTEMS, INC.
				
	 

  
	 		 		 	 

	James Reagan	 		 	By:	 	Kevin Parker
		 		 	Title:	 	CEO

  

 5 

 Annex C 
 Form of Release of Claims 
 WAIVER AND RELEASE OF CLAIMS 
 1. General Release. In consideration of the payments and benefits to be made under the letter from Deltek Systems, Inc. (the
“Company”) to James Reagan (the “Executive”), dated as of October 6, 2005 (the “Employment Letter”) the Executive, with the intention of binding the Executive and the Executive’s heirs,
executors, administrators and assigns, does hereby release, remise, acquit and forever discharge the Company and each of its subsidiaries and affiliates (the “Company Affiliated Group”), their present and former officers, directors,
executives, agents, shareholders, attorneys, employees and employee benefits plans (and the fiduciaries thereof), and the successors, predecessors and assigns of each of the foregoing (collectively, the “Company Released Parties”),
of and from any and all claims, actions, causes of action, complaints, charges, demands, rights, damages, debts, sums of money, accounts, financial obligations, suits, expenses, attorneys’ fees and liabilities of whatever kind or nature in law,
equity or otherwise, whether accrued, absolute, contingent, unliquidated or otherwise and whether now known, unknown, suspected or unsuspected which the Executive, individually or as a member of a class, now has, owns or holds, or has at any time
heretofore had, owned or held, against any Company Released Party (an “Action”) arising out of or in connection with the Executive’s service as an employee, officer and/or director to any member of the Company Affiliated Group
(or the predecessors thereof), including (i) the termination of such service in any such capacity, (ii) for severance or vacation benefits, unpaid wages, salary or incentive payments, (iii) for breach of contract, wrongful discharge,
impairment of economic opportunity, defamation, intentional infliction of emotional harm or other tort and (iv) for any violation of applicable state and local labor and employment laws (including, without limitation, all laws concerning
harassment, discrimination, retaliation and other unlawful or unfair labor and employment practices), any and all Actions based on the Employee Retirement Income Security Act of 1974 (“ERISA”), and any and all Actions arising under
the civil rights laws of any federal, state or local jurisdiction, including, without limitation, Title VII of the Civil Rights Act of 1964 (“Title VII”), the Americans with Disabilities Act (“ADA”), Sections 503
and 504 of the Rehabilitation Act, the Family and Medical Leave Act and the Age Discrimination in Employment Act (“ADEA”), excepting only: 
 (a) rights of the Executive under this Waiver and Release of Claims and the Employment Letter; 
 (b) rights
of the Executive relating to equity awards held by the Executive as of his date of termination; 
 (c) the right of the Executive to receive
COBRA continuation coverage in accordance with applicable law and the Employment Letter; 
 (d) rights to indemnification the Executive may
have (i) under applicable corporate law, (ii) under the by-laws or certificate of incorporation of any Company Released Party or (iii) as an insured under any director’s and officer’s liability insurance policy now or
previously in force; 

 (e) claims (i) for benefits under any health, disability, retirement, deferred compensation, life
insurance or other, similar employee benefit plan or arrangement of the Company Affiliated Group and (ii) for earned but unused vacation pay through the date of termination in accordance with applicable Company policy; and 
 (f) claims for the reimbursement of unreimbursed business expenses incurred prior to the date of termination pursuant to applicable Company policy.

 2. No Admissions, Complaints or Other Claims. The Executive acknowledges and agrees that this Waiver and Release of Claims is not
to be construed in any way as an admission of any liability whatsoever by any Company Released Party, any such liability being expressly denied. The Executive also acknowledges and agrees that he has not, with respect to any transaction or state of
facts existing prior to the date hereof, filed any Actions against any Company Released Party with any governmental agency, court or tribunal. 
 3. Application to all Forms of Relief. This Waiver and Release of Claims applies to any relief no matter how called, including, without limitation, wages, back pay, front pay, compensatory damages, liquidated damages, punitive
damages for pain or suffering, costs and attorney’s fees and expenses. 
 4. Specific Waiver. The Executive specifically
acknowledges that his acceptance of the terms of this Waiver and Release of Claims is, among other things, a specific waiver of any and all Actions under Title VII, ADEA, ADA and any state or local law or regulation in respect of discrimination of
any kind; provided, however, that nothing herein shall be deemed, nor does anything herein purport, to be a waiver of any right or Action which by law the Executive is not permitted to waive. 
 5. Voluntariness. The Executive acknowledges and agrees that he is relying solely upon his own judgment; that the Executive is over eighteen years
of age and is legally competent to sign this Waiver and Release of Claims; that the Executive is signing this Waiver and Release of Claims of his own free will; that the Executive has read and understood the Waiver and Release of Claims before
signing it; and that the Executive is signing this Waiver and Release of Claims in exchange for consideration that he believes is satisfactory and adequate. The Executive also acknowledges and agrees that he has been informed of the right to consult
with legal counsel and has been encouraged to do so. 
 6. Complete Agreement/Severability. This Waiver and Release of Claims
constitutes the complete and final agreement between the parties and supersedes and replaces all prior or contemporaneous agreements, negotiations, or discussions relating to the subject matter of this Waiver and Release of Claims. All provisions
and portions of this Waiver and Release of Claims are severable. If any provision or portion of this Waiver and Release of Claims or the application of any provision or portion of the Waiver and Release of Claims shall be determined to be invalid or
unenforceable to any extent or for any reason, all other provisions and portions of this Waiver and Release of Claims shall remain in full force and shall continue to be enforceable to the fullest and greatest extent permitted by law. 
 7. Acceptance and Revocability. The Executive acknowledges that he has been 

 
given a period of 21 days within which to consider this Waiver and Release of Claims, unless applicable law requires a longer period, in which case the
Executive shall be advised of such longer period and such longer period shall apply. The Executive may accept this Waiver and Release of Claims at any time within this period of time by signing the Waiver and Release of Claims and returning it to
the Company. This Waiver and Release of Claims shall not become effective or enforceable until seven calendar days after the Executive signs it. The Executive may revoke his acceptance of this Waiver and Release of Claims at any time within that
seven calendar day period by sending written notice to the Company. Such notice must be received by the Company within the seven calendar day period in order to be effective and, if so received, would void this Waiver and Release of Claims for all
purposes. 
 8. Governing Law. Except for issues or matters as to which federal law is applicable, this Waiver and Release of Claims
shall be governed by and construed and enforced in accordance with the laws of the Commonwealth of Virginia without giving effect to the conflicts of law principles thereof. 
  

	
	 /s/ James Reagan

	James Reagan

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