Document:

Exhibit 10.1

EXECUTIVE EMPLOYMENT
AGREEMENT

THIS EXECUTIVE EMPLOYMENT
AGREEMENT (this "Agreement") is made effective as of September 26,
2006 by and between SI International, Inc., a Delaware corporation (the
"Company"), and Leslee H. Gault (the
"Executive").

WHEREAS, the Board of
Directors of the Company (the "Board") desires to set forth the
nature and amount of compensation and other benefits to be provided to the
Executive and any of the rights of the Executive in the event of his
termination of employment with the Company;

WHEREAS, the Executive is
willing to commit himself to serve the Company on the terms and conditions
herein provided; and

WHEREAS, in order to
effect the foregoing, the Company and the Executive wish to enter into this
Agreement under the terms and conditions set forth below.

NOW, THEREFORE, in
consideration of the foregoing, of the mutual promises and the respective
covenants and agreements of the parties herein contained, the parties intending
to be legally bound, agree as follows:

1.             Employment.  The Company hereby agrees to employ the
Executive, and the Executive hereby agrees to serve the Company, on the terms
and conditions set forth herein.

2.             Term.  The Executive's employment pursuant to this
Agreement shall commence on September 11, 2006 and continue in effect through
July 1, 2007; provided, however, that commencing on July 1, 2007 and each July
1st thereafter, the Executive's employment
pursuant to this Agreement shall automatically be extended for additional one
(1) year terms unless, not later than ninety (90) calendar days prior to such
date, the Company or the Executive shall have given written notice that such
party does not wish to extend the Executive's employment pursuant to this
Agreement; and provided, further, that if a Change of Control (as defined
herein) of the Company shall have occurred during the original or any extended
term of the Executive's employment pursuant to this Agreement, the term of the
Executive's employment pursuant to this Agreement shall continue in effect for
a period of twelve (12) months beyond the month in which such Change of Control
occurred.

3.             Position and Duties.  During the Executive's employment with the
Company pursuant to this Agreement, the Executive shall serve as the Executive
Vice President and Chief Marketing Officer of the Company and shall have such
responsibilities and authority as the Chief Executive Officer of the Company
(the "CEO") shall delegate, expand, limit or otherwise change from
time to time.

4.             Compensation,
Benefits and Related Matters.  

(a)           Base Salary. 
During the Executive's employment with the Company pursuant to this
Agreement, the Company shall pay to the Executive a salary at an initial rate
of Two Hundred Fifty Thousand Dollars ($250,000)
per annum in equal installments as nearly
as practicable on the normal payroll periods for employees of the Company
generally (the "Base Salary"). 
The Base Salary may be increased or decreased from time to time at the discretion
of the Board.

(b)           Performance-Based Bonus.  During the Executive's employment with the
Company pursuant to this Agreement, the Executive shall be eligible to receive
a bonus following the end of each fiscal year in accordance with the
performance-based bonus plans established by the Board for senior executive
officers from time to time after taking into account the performance of the
Company and the Executive and such other facts and circumstances as the Board
may deem appropriate to consider.

(c)           Expenses. 
During the Executive's employment with the Company pursuant to this
Agreement, the Executive shall be entitled to receive prompt reimbursement for
all reasonable expenses incurred by the Executive in performing services
hereunder, including, without limitation, all expenses for travel, all living
expenses while away from home on business or at the request of and in the
service of the Company, and all reasonable entertainment expenses.

(d)           Benefits.  During the Executive's employment with the
Company pursuant to this Agreement, the Executive shall be entitled to
participate in all of the employee benefit plans and arrangements generally
provided from time to time to senior executive officers of the Company.  The Company may initiate, change and discontinue
any such plan or arrangement at any time. 
Nothing paid to the Executive under any plan or arrangement presently in
effect or made available in the future shall be deemed to be in lieu of any
amounts payable to the Executive pursuant to this Section 4.

(e)           Compensation During Incapacity.  During the Executive's employment with the
Company pursuant to this Agreement, for any period that the Executive fails to
perform the Executive's full-time duties with the Company as a result of
incapacity due to physical or mental illness, the Company shall pay the
Executive's Base Salary to the Executive at the rate in effect at the
commencement of any
such period, together with all compensation and benefits payable to the
Executive under the terms of any compensation or benefit plan, program or
arrangement maintained by the Company during such period, until the Executive's
employment is terminated by the Company for Disability.

(f)            Vacation.  Executive shall be entitled to vacation in the manner and as generally provided
from time to time to senior executive officers of the Company.  

5.             Termination.

(a)           The
Executive's employment with the Company may be terminated by the Company (i) at
any time for Cause or without Cause; or (ii) if, as a result of the Executive's
incapacity due to physical or mental illness, the Executive shall have been
absent from the full-time performance of the Executive's duties with the
Company for three (3) consecutive months (a "Disability").  The Executive's employment with the Company
shall be terminated immediately upon the death of the Executive.  The Executive's employment with the Company
may be terminated at any time by the Executive for Constructive Termination or
without Constructive Termination.  

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(b)           Any
purported termination of the Executive's employment by the Company or the
Executive (other than by reason of death) shall be communicated by written
Notice of Termination from one party hereto to the other in accordance with
Section 19 hereof.

(c)           As
used herein:  

(i)            A "Notice of Termination"
shall mean a notice that specifies the Date of Termination and that, in the
case of a termination by the Executive, shall indicate the specific termination
provision in this Agreement relied upon and shall set forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination
of the Executive's employment under the provision so indicated and that, in the
case of a termination by the Company, shall indicate whether such termination
is for Cause or without Cause.

 

(ii)           The "Date of Termination"
with respect to any purported termination of the Executive's employment shall
mean (A) if the Executive's employment is terminated for Disability, thirty
(30) days after Notice of Termination is given (provided that the Executive
shall not have returned to the full-time performance of the Executive's duties
during such thirty (30) day period), (B) if the Executive's employment is
terminated by reason of death, then the date thereof, (C) if the Executive's
employment is terminated pursuant to Section 2 hereof, the date on which the
Executive's employment expires pursuant to such section, and (D) if the
Executive's employment is terminated for any other reason, the date specified
in the Notice of Termination (which, in the case of a termination by the
Executive, shall not be less than thirty (30) nor more than sixty (60) days
from the date such Notice of Termination is given).

 

6.             Severance
Payments.

(a)           The Company shall pay the Executive the payments and
benefits set forth in this Section 6(a) upon any termination of the Executive's
employment, including, without limitation, the nonextension of the Executive's
employment by the Company pursuant to Section 2 hereof, unless such termination
is by the Company for Cause, by the Executive without Constructive Termination
or the nonextension of the Executive's employment by the Executive pursuant to
Section 2 hereof:

(i)            The Company shall pay as severance
pay to the Executive (x) for a twelve (12) month period after the Date of
Termination the Executive's Base Salary at the highest rate in effect prior to
the Date of Termination in equal installments as nearly as practicable on the
normal payroll periods for employees of the Company generally, and (y) any
performance-based bonus which has been earned by the Executive for a fiscal
year preceding the Date of Termination and a pro-rata portion, to the Date of
Termination, of any performance-based bonus that the Executive would have
earned for the fiscal year in which the Date of Termination occurs, in each
case, in accordance with the performance-based bonus plan in effect for such
fiscal year and as approved by the Board consistent with the Company's
performance during such period, such amounts to be paid when bonuses are
generally paid to other executive officers of the Company; provided, however,
that in the event the Company terminates the Executive's employment without
Cause or elects not to extend the Executive's employment pursuant to Section 2
hereof or the Executive resigns after a Constructive Termination during the time
period commencing with a definitive agreement for a Change of Control (which
transaction 

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is ultimately consummated) and ending one (1) year
thereafter, the Company shall pay the severance payment described in clause (x)
above in a lump sum within five (5) days of the Date of Termination unless the
Executive provides the Company prior written notice declining such lump sum
payment in favor of payment in equal installments as nearly as practicable on
the normal payroll periods for employees of the Company generally.

(ii)           For
a twelve (12) month period after the Date of Termination, the Company shall
administer and pay for the Executive's life, disability, accident and health
insurance benefits substantially similar to those which the Executive is receiving
immediately prior to the Notice of Termination.

 

(b)           Notwithstanding any contrary provision in any agreement
relating to the grant by the Company or any of its affiliates of any option to
acquire shares of the Company's or any affiliate's capital stock pursuant to
such entity's stock option plans ("Stock Options") or the issuance of
capital stock or other equity interests of any such entity pursuant to a
restricted stock agreement or similar arrangement ("Restricted
Stock"), if during the period commencing with a definitive  agreement for a Change of Control (which
transaction is ultimately consummated) and ending one(1) year thereafter the
Company terminates the Executive's employment without Cause or elects not to
extend the Executive's employment pursuant to Section 2 hereof or the Executive
resigns after a Constructive Termination, all Stock Options and all shares of
Restricted Stock which have not yet become vested shall become vested in full
on the Date of Termination.

(c)           The payments provided in Section 6(a) shall be in addition
to the payments and benefits set forth in Section 7 hereof.

7.             Compensation Other than
Severance Payments.  If the
Executive's employment shall be terminated by him or the Company for any
reason, the Company shall pay the Executive's normal post-termination
compensation and benefits under, and in accordance with, the Company's
retirement, insurance and other compensation or benefit plans or programs..

8.             Certain Definitions.

(a)           Cause.  "Cause" shall mean the following:

(i)            A
good faith finding by the Board or the CEO that the Executive (w) has been
convicted of a felony, (x) has been convicted of a misdemeanor (excluding
traffic violations) to the extent such conviction could reasonably be
considered to compromise the best interests of the Company or any of its
Subsidiaries or render the Executive unfit or unable to perform its services
and duties hereunder, (y) has committed any other act or omission
involving dishonesty, disloyalty or fraud with respect to the Company or any of
its Subsidiaries or any of their customers or suppliers, or (z) has committed
an act involving unlawful or disreputable conduct in the context of Executive's
employment which is likely to be harmful to the Company or its reputation;

 

(ii)           The
continued failure by the Executive to perform its duties in all material
respects for the Company or any of its Subsidiaries continuing for a period of
45 days following a demand for such performance by the Board or the CEO or a
material breach by the 

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Executive of its obligations under this Agreement
continuing uncured (if curable) for a period of 45 days following notice from
the Board or the CEO (other than any such failure or breach resulting from the
Executive's incapacity due to physical or mental illness), which demand shall
identify in reasonable detail the manner that that Executive has not performed
its duties or has breached its obligations (as applicable) and give the
Executive an opportunity to respond; provided, that,   the foregoing shall not be construed to
include the Executive's failure to achieve financial or operating objectives
and goals established by the Board or the CEO; or

(iii)          A
good faith finding by the Board or the CEO that the Executive engaged in (x)
misconduct materially injurious to the Company or any of its Subsidiaries or
the reputation of the Company or its Subsidiaries or (y) gross negligence or
willful misconduct by the Executive which has a material adverse effect on the
Company or any of its Subsidiaries.

 

(b)           Change of Control. 
A "Change of Control" shall be deemed to occur if
(i) there shall be consummated (x) any consolidation or merger of the
Company in which the Company is not the continuing or surviving corporation or
pursuant to which shares of the Company's Common Stock would be converted into
cash, securities or other property, other than a merger of the Company in which
the holders of the Company's Common Stock immediately prior to the merger hold
more than fifty percent (50%) of the voting power of the surviving corporation
immediately after the merger, or (y) any sale, lease, exchange or other
transfer (in one transaction or a series of related transactions) of all, or
substantially all, of the assets of the Company, or (ii) the stockholders of
the Company shall approve any plan or proposal for liquidation or dissolution
of the Company, or (iii) any person (as such term is used in Section 13(d) and
14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act")) who, on the date of this Agreement, does not own five percent (5%)
or more of the Company's outstanding Common Stock on a fully-diluted basis (a
"5% Owner") and is not controlling, controlled by or under common
control with any such 5% Owner, shall become the beneficial owner (within the meaning
of Rule 13d-3 under the Exchange Act) of fifty percent (50%) or more of the
Company's outstanding Common Stock other than pursuant to a plan or arrangement
entered into by such person and the Company, or (iv) within any twenty-four
(24) month period, the following individuals cease for any reason to constitute
a majority of the number of directors then serving on the Board: individuals
who, on the date hereof, constitute the Board and any new director (other than
a director whose initial assumption of office is in connection with an actual
or threatened election contest, including but not limited to a consent
solicitation relating to the election of directors of the Company) whose
appointment or election by the Board or nomination for election by the Company's
shareholders was approved or recommended by a vote of at least two-thirds (2/3)
of the directors then still in office who either were directors on the date
hereof or whose appointment, election or nomination for election was previously
so approved or recommended.  

(c)           Common
Stock.  "Common Stock"
shall mean the Company's Common Stock, par value $0.01 per share.

(d)           Constructive
Termination.  "Constructive
Termination" shall mean the occurrence, without the Executive's written
consent, of any of the following circumstances unless such circumstances are
fully corrected prior to the Date of Termination specified in the Notice of
Termination given in respect thereof: 

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(i)            The relocation of
the Executive's principal place of employment to a location outside of the
Washington, D.C. metropolitan area or the Company's requiring the Executive to
be based anywhere other than such principal place of employment (or permitted
relocation thereof) except for required travel on the Company's business to an
extent substantially consistent with the Executive's present business travel
obligations;

 

(ii)           The failure by the
Company to pay to the Executive any portion of the Executive's then Base Salary
or allocated bonus, incentive or other form of compensation or to pay to the
Executive any portion of an installment of deferred compensation under any
deferred compensation program of the Company, within seven (7) days of the date
such compensation is due; or

 

(iii)          A material breach
of this Agreement by the Company.

The Executive's right to
terminate the Executive's employment as a result of Constructive Termination
shall not be affected by the Executive's incapacity due to physical or mental
illness.  The Executive's right to terminate
the Executive's employment as a result of a Constructive Termination must be
exercised within twenty (20) days after the Executive becomes aware of the
occurrence of any circumstance constituting Constructive Termination hereunder.

 

(e)           Subsidiary.  "Subsidiary" shall mean any
corporation of which the Company owns securities having a majority of the
ordinary voting power in electing the board of directors directly or through
one or more subsidiaries.

9.             D&O
Insurance; Indemnification.

(a)           To
the fullest extent permitted by applicable law, the Company shall indemnify the
Executive against all expenses (including reasonable attorneys' fees),
judgments, fines, and amounts paid in settlement, as actually and reasonably
incurred by the Executive in connection with any threatened or pending action,
suit, or proceeding, whether civil, criminal, administrative, or investigative
that the Executive is made a party to by reason of the fact that he is or was
performing services as an officer or director of the Company.  Such indemnification shall continue as to the
Executive even if he has ceased to be an employee, officer, or director of the
Company and shall inure to the benefit of his heirs and estate.

(b)           Any
costs, fees or expenses incurred by the Executive relating to indemnification
under the Company's Certificate of Incorporation, as amended, shall be paid by
the Company in advance as soon as practicable but not later than three business
days after receipt of written request of the Executive; provided that the
Executive shall undertake to repay such amount to the extent that it is
ultimately determined by a court of competent jurisdiction that the Executive
is not entitled to indemnification. 
Subject to applicable law, the Executive's right to indemnification or
advances from the Company shall be enforceable by the Executive in any court of
competent jurisdiction.  The burden of
proving that indemnification or advances are not appropriate shall be on the
Company.

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(c)           The provisions of this Section 9 are in
addition to, and not in derogation of, the indemnification provisions of the
Company's Certificate of Incorporation, as amended, and the Indemnification
Agreement between the Company and the Executive (the "Indemnification
Agreement").

10.           No Mitigation.  The Company agrees that, if the Executive's
employment is terminated hereunder, the Executive is not required to seek other
employment or to attempt in any way to reduce any amounts payable to the
Executive by the Company.  Furthermore,
the amount of any payment provided hereunder shall not be reduced by any
compensation earned by the Executive.

11.           Confidential Information.  The Executive acknowledges that the
information, observations and data obtained by him while employed by the
Company or any Subsidiary (including those obtained prior to the date of this
Agreement concerning the business or affairs of the Company, or any of its
Subsidiaries (collectively, "Confidential Information")) are the
property of the Company and its Subsidiaries. 
Therefore, the Executive agrees that he shall not (during his employment
with the Company or at any time thereafter) disclose to any unauthorized person
or use for his own purposes any Confidential Information without the express
prior written consent of the Board, unless and to the extent that the aforementioned
matters: (a) become generally known to and available for use by the public
other than as a result of the Executive's acts or omissions or (b) are required
to be disclosed by judicial process or law. 
The Executive shall deliver to the Company at the termination of his
employment, or at any other time the Company may request, all memoranda, notes,
plans, records, reports, computer tapes, printouts and software and other
documents and data (and copies thereof) relating to the Confidential Information,
Work Product (as defined below) or the business of the Company or any
Subsidiary which he may then possess or have under his control.

12.           Inventions and Patents.  The Executive hereby assigns to the Company
all right,-title and interest to all patents and patent applications, all
inventions, innovations, improvements, developments, methods, designs,
analyses, drawings, reports and all similar or related information (in each
case whether or not patentable), all copyrights and copyrightable works, all trade
secrets, confidential information and know-how, and all other intellectual
property rights that are conceived, reduced to practice, developed or made by
the Executive while employed by the Company and its Subsidiaries and that (i)
relate to the Company's or any Subsidiary's actual or anticipated business,
research and development or existing or future products or services; or (ii)
are conceived, reduced to practice, developed or made using any material
equipment, supplies, facilities, assets or resources of the Company or any
Subsidiary (including but not limited to any intellectual property rights)
("Work Product").  The
Executive shall promptly disclose such Work Product to the Board and perform
all actions reasonably requested by the Board (whether during his employment
with the Company or at any time thereafter) to establish and confirm the
Company's ownership (including, without limitation, assignments, consents,
powers of attorney, applications and other instruments).  

13.           Noncompetition.  In further consideration of the compensation
to be paid to the Executive hereunder, the Executive acknowledges that in the
course of his employment with the Company he has become and shall become
familiar with the Company's trade secrets and with other Confidential
Information concerning the Company and its Subsidiaries and that his services 

 7
 

have been and shall be of special, unique and
extraordinary value to the Company and its Subsidiaries.  Therefore, the Executive agrees that, during
the Executive's employment with the Company and for one (1) year thereafter
(collectively the "Noncompete Period"), he shall not, without prior
express written consent of the Board, directly or indirectly (whether for
compensation or otherwise) own or hold any interest in, manage, operate,
control, participate in, consult with, render services for, or in any manner
participate in any business engaged in any of the businesses or services
provided by the Company or its Subsidiaries during the employment with the
Company or the Noncompete Period (a "Competing Company") or otherwise
competing with the businesses of the Company or its Subsidiaries, either as a
general or limited partner, proprietor, common or preferred shareholder,
officer, director, agent, employee, consultant, trustee, affiliate or
otherwise.  The Executive acknowledges
that the Company's and its affiliates' businesses are conducted nationally and
internationally and agrees that the provisions in this Section 13 shall operate
throughout the United States and the world. 
Nothing herein shall prohibit the Executive from being a passive owner
of not more than five percent (5%) of the outstanding securities of any
publicly traded company that constitutes a Competing Company, so long as the
Executive has no active participation in the business of such company.

14.           Non-Solicitation.  During the Executive's employment with the
Company and for twelve (12) months thereafter (collectively the
"Nonsolicit Period"), the Executive shall not directly or indirectly
through another entity (i) induce or attempt to induce any employee of the
Company or any Subsidiary to leave the employ of the Company or such
Subsidiary, or in any way interfere with the relationship between the Company
or any Subsidiary and any employee thereof, (ii) hire any person who was an
employee of the Company or any Subsidiary at any time during the twenty-four
(24) months preceding the Date of Termination of the Executive, or
(iii) induce or attempt to induce any customer, developer, client, member,
supplier, licensee, licensor, franchisee or other business relation of the
Company or any Subsidiary to cease doing business with the Company or such
Subsidiary, or in any way interfere with the relationship between any such
customer, developer, client, member, supplier, licensee or business relation
and the Company or any Subsidiary (including, without limitation, making any
negative statements or communications about the Company or any Subsidiary).

15.           Enforcement.  If, at the time of enforcement of any of
Sections 11 through 14 a court shall hold that the duration, scope or area
restrictions stated herein are unreasonable under circumstances then existing,
the parties agree that the maximum duration, scope or area reasonable under
such circumstances shall be substituted for the stated duration, scope or area
and that the court shall be allowed to revise the restrictions contained herein
to cover the maximum period, scope and area permitted by law.  Because the Executive's services are unique
and because he has access to Confidential Information and Work Product, the
parties hereto acknowledge and agree that money damages would not be an
adequate remedy for any breach of this Agreement.  Therefore, in the event of a breach or threatened
breach of this Agreement, the Company or its successors or assigns may, in
addition to other rights and remedies existing in their favor, apply to any
court of competent jurisdiction for specific performance and/or injunctive or
other relief in order to enforce or prevent any violations of the provisions
hereof (without posting a bond or other security).  In addition, in the event of an alleged
breach or violation by the Executive of any of Sections 11 through 14, the
Noncompete Period and the 

 8
 

Nonsolicit Period shall be tolled until such breach or
violation has been duly cured.  The
Executive agrees that the restrictions contained in Sections 11 through 14 are
reasonable.

16.           Limitation on
Acceleration of Benefits.  

(a)           Notwithstanding anything in this
Agreement to the contrary, in the event it shall be determined that any payment
or distribution by the Company to or for the Executive's benefit (whether
pursuant to this Agreement or otherwise, and including insurance benefits,
accelerated vesting, pro-rated bonus or other benefits payable to the Executive
hereunder) (a "Payment") would be, but for this Section 16, subject
to the excise tax (the "Excise Tax") imposed by Section 4999 of the
Internal Revenue Code of 1986, as amended (the "Code") as an "excess
parachute payment" within the meaning of Section 280G of the Code, or the
regulations thereunder, then the aggregate present value of amounts payable or
distributable to or for the Executive's benefit pursuant to this Agreement
(such payments or distributions the "Agreement Payments") shall be
reduced to an amount which maximizes the aggregate Agreement Payments without
causing any Payment to be nondeductible by the Company because of Section 280G
of the Code.

(b)           All determinations required to be
made under this Section 16 shall be made by the Company's usual outside
auditors (the "Accounting Firm") which shall provide detailed
supporting calculations both to the Company and the Executive within 15
business days after the termination of the Executive's employment for any reason.  The Company and the Executive shall furnish
to the Accounting Firm such information and documents as the Accounting Firm
may reasonably request in order to make a determination under this Section
16.  The Company shall bear all costs the
Accounting Firm may reasonably incur in connection with any calculations
contemplated by this Section 16.  Absent
manifest error, the determination by the Accounting Firm shall be binding upon
the Company and on the Executive.  After
consultation with the Executive, the Company shall reasonably determine which
and how much of the Agreement Payments shall be eliminated or reduced
consistent with the requirements of this Section 16 and shall notify the
Executive promptly of its determination.

(c)           As a result of the uncertainty in the
application of Section 280G of the Code at the time of the initial
determination by the Accounting Firm hereunder, it is possible that Agreement
Payments will have been made by the Company which should not have been made (an
"Overpayment") or that additional Agreement Payments which will not
have been made by the Company could have been made (an
"Underpayment"), in each case, consistent with the calculations
required to be made hereunder.  In the
event a related tax deficiency is asserted by the Internal Revenue Service
against the Company or the Executive which the Accounting Firm concludes has a
high probability of resolution in favor of the government, then an Overpayment
has been made.  Any such Overpayment
shall be shall be repaid by the Executive to the Company to the extent such
repayment would reduce the Executive's obligation for Excise Taxes or generate
a refund of such taxes.  In the event the
Accounting Firm, based upon controlling precedent or other substantial
authority, determines that an Underpayment has occurred, any such Underpayment
shall be promptly paid by the Company to or for the benefit of the Executive.

 9
 

17.           Successors; Binding Agreement.  

(a)           Successors.  The Company will require any successor
(whether direct or indirect, by purchase, merger, consolidation or otherwise)
to all or substantially all of the business and/or assets of the Company, by
agreement in form and substance reasonably satisfactory to the Executive, to
expressly assume and agree to perform this Agreement in the same manner and to
the same extent that the Company would be required to perform it if no such
succession had taken place.  As used in
this Agreement, "Company" shall mean the Company as hereinbefore
defined and any successor to its business and/or assets as aforesaid which
executes and delivers the agreement provided for in this Section 17 or which
otherwise becomes bound by all the terms and provisions of this Agreement by
operation of law.

(b)           Binding
Agreement.  This Agreement and all
rights of the Executive hereunder shall inure to the benefit of and be
enforceable by the Executive's personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees.  If the Executive should die while any amounts
would still be payable to him hereunder if he had continued to live, all such
amounts, unless otherwise provided herein, shall be paid in accordance with the
terms of this Agreement to the Executive's devisee, legatee, or other designee
or, if there be no such designee, to the Executive's estate. 

18.           Representations.  The Executive hereby represents and warrants
to the Company that: (a) the execution, delivery and performance of this
Agreement by the Executive and the execution of the Company's business plan by
the Executive do not and will not conflict with, breach, violate or cause a
default under any agreement, contract or instrument to which the Executive is a
party or any judgment, order or decree to which the Executive is subject, (b)
this Agreement constitutes the legal, valid and binding obligation of the
Executive, enforceable in accordance with its terms, (c) the Executive has not
and will not take any action that will conflict with, violate or cause a breach
of any noncompete, nonsolicitation or confidentiality agreement to which the
Executive is a party or by which the Executive is bound and (d) the Executive
is a resident of the Commonwealth of Virginia. 
The Executive hereby acknowledges and represents that he has carefully
reviewed this Agreement, that he has consulted with independent legal counsel
regarding his rights and obligations under this Agreement (or, after carefully
reviewing this Agreement, was given the opportunity to, but has freely decided
not to, consult with independent legal counsel), and that he fully understands
the terms and conditions contained herein.

19.           Notice.  All notices and other communications provided
for herein shall be in writing and shall be deemed to have been duly given,
delivered and received (a) if delivered personally or (b) if sent by registered
or certified mail (return receipt requested) postage prepaid, or by courier
guaranteeing next day delivery, in each case to the party to whom it is
directed at the following addresses (or at such other address for any party as
shall be specified by notice given in accordance with the provisions hereof,
provided that notices of a change of address shall be effective only upon
receipt thereof).  Notices delivered
personally shall be effective on the day so delivered, notices sent by
registered or certified mail shall be effective three (3) days after mailing,
and notices sent by courier guaranteeing next day delivery shall be effective
on the next day after deposit with the courier:

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  If to the Executive:

  	
   

  	
  Leslee H. Gault

  
	
   

  	
   

  	
   

  	
   

  	
  2200 Wilson Boulevard

  
	
   

  	
   

  	
   

  	
   

  	
  Suite 102-44

  
	
   

  	
   

  	
   

  	
   

  	
  Arlington VA 22201

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  If to the Company:

  	
   

  	
  SI International, Inc.

  
	
   

  	
   

  	
   

  	
   

  	
  12012 Sunset Hills Road, Suite
  800

  
	
   

  	
   

  	
   

  	
   

  	
  Reston, Virginia 20190

  
	
   

  	
   

  	
   

  	
   

  	
  Attention: General Counsel

  

 

20.           Prior Agreement.  All prior agreements between the Company and
the Executive with respect to the employment of the Executive, with the
exception of an indemnification agreement between the Company and the
Executive, if any, are hereby superseded and terminated effective as of the
date hereof and shall be without further force or effect.

21.           Miscellaneous.  No provisions of this Agreement may be
modified, waived or discharged, unless such waiver, modification or discharge
is agreed to in writing signed by the Executive and a duly authorized officer
of the Company.  No waiver by either
party hereto at any time of any breach by the other hereto of, or compliance
with, any condition or provision of this Agreement to be performed by such
other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time.  No agreements or representations, oral or
otherwise, express or implied, with respect to the subject matter hereof have
been made by either party which are not set forth expressly in this
Agreement.  The use herein of the
masculine, feminine or neuter forms shall also denote the other forms, as in
each case the context may require.  The
validity, interpretation, construction and performance of this Agreement shall
be governed by the laws of the Commonwealth of Virginia, without regard to its
conflict of laws provisions.  All amounts
payable to the Executive as compensation hereunder shall be subject to
customary withholding by the Company.

22.           Validity.  The invalidity or unenforceability of any
provision or provisions of this Agreement shall not affect the validity or
enforceability of any other provision of this Agreement, which shall remain in
full force and effect.

23.           Survival.  Notwithstanding any termination of the
Executive's employment under this Agreement, Sections 6 through 24 hereof shall
survive and continue in full force until the performance of the obligations
thereunder, if any, in accordance with their respective terms.

 

24.           Counterparts.  This Agreement may be executed in several
counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same instrument.

 

[Signatures appear on following page]

 11
 

IN WITNESS WHEREOF, the parties have executed this
Agreement on the date and year first above written.

	
  

  	
   

  	
  COMPANY

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SI International, Inc.,

  
	
   

  	
   

  	
  a Delaware corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ S. BRADFORD ANTLE

  
	
   

  	
   

  	
  Name:

  	
   

  	
  S. Bradford Antle

  
	
   

  	
   

  	
  Title:

  	
   

  	
  President and Chief Executive Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/LESLEE H.
  GAULT

  
	
   

  	
   

  	
  LESLEE H. GAULT

  

 

 12Exhibit
10.1

KANBAY INTERNATIONAL, INC.

SEVERANCE AGREEMENT

THIS SEVERANCE AGREEMENT (this “Agreement”) is made
and entered into by and among Kanbay International, Inc., a Delaware
corporation (the “Company”), Kanbay Incorporated, an Illinois corporation (“Kanbay”)
and Robert A. Williams (“Executive”) as of September 26, 2006 (the “Effective
Date”).

WHEREAS, it is in the best interests of Kanbay, the
Company, and the Company’s stockholders to assure Executive’s continued
dedication to Kanbay and the Company; and

WHEREAS, any consideration by Kanbay and the Company
of strategic transactions such as mergers and acquisitions would inevitably
create personal uncertainties for Executive, and therefore distract Executive
from the business of Kanbay and the Company; and

WHEREAS, it is in the best interests of Kanbay, the
Company and the Company’s stockholders to retain Executive’s dedication and
reduce distractions by providing Executive with compensation arrangements in
the event of certain terminations of Executive’s employment, including
terminations in connection with a strategic transaction, as more fully provided
herein.

NOW, THEREFORE, in consideration of and reliance upon
the foregoing background statement and the covenants contained in this
Agreement, and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Kanbay, the Company and Executive
agree as follows:

1.                                       DEFINITIONS

1.1           “Affiliate” shall
mean any corporation or other business entity that is a parent or subsidiary of
the Company, including ownership of 50% or more of the voting or profits
interests of the corporation or other business entity.

1.2           “Base Salary” shall
mean the annual Base Salary payable to Executive so long as the Company or an
Affiliate employs Executive.

1.3           “Board” shall mean
the Board of Directors of the Company.

1.4           “Cause” shall mean
any of the following: (i) Executive’s commission of a willful act (including,
without limitation, a dishonest or fraudulent act) or a grossly negligent act, or
the willful or grossly negligent omission to act by Executive, which is
intended to cause, causes or is reasonably likely to cause material harm to the
Company or an Affiliate, monetarily, reputationally or otherwise; (ii)
Executive’s commission or conviction of, or plea of nolo contendere to, any felony or any crime or offense
involving dishonesty or fraud or that is significantly injurious to the Company
or an Affiliate, monetarily, reputationally or otherwise; (iii) Executive’s
willful neglect of or continued failure to substantially perform, in any
material respect, his duties (as assigned to Executive from time to time) or
obligations (including a violation of policy) to the Company or an Affiliate
other than any such failure resulting from his incapacity due to physical or
mental illness; or (iv) Executive’s abuse of illegal drugs or other controlled
substances or habitual intoxication.  For
purposes of this Section, an act or omission is “willful” if it was knowingly
done, or knowingly 

 1
 

 

 

omitted to be
done, by Executive not in good faith and without reasonable belief that the act
or omission was in the best interest of the Company.  Any act, or failure to act, based upon
authority given pursuant to a resolution duly adopted by the Board or based upon
the advice of counsel for the Company shall be conclusively presumed to be
done, or omitted to be done, in good faith and in the best interests of the
Company.  The Company has the discretion,
in other circumstances, to determine in good faith, from all the facts and
circumstances reasonably available to it, whether Executive who is under
investigation for, or has been charged with, a crime will be deemed to have
committed it for purposes of this Agreement.

1.5           “Change
in Control” shall mean the occurrence of any one or more of the
following:

(a)           Any “person” (as such term is defined
in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act),
including a “group” (as defined in Section 13(d)(3) of the Exchange Act), other
than (i) the Company, (ii) any wholly-owned subsidiary of the Company, or (iii)
any employee benefit plan (or related trust) sponsored or maintained by the
Company or any Affiliate, becomes a “beneficial owner” (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company having fifty percent (50%) or more of the combined voting power of the
then-outstanding securities of the Company that may be cast for the election of
directors of the Company (other than as a result of an issuance of securities
initiated by the Company in the ordinary course of business) (the “Company
Voting Securities”); provided, however, that the event described in this
Section 1.5(a) shall not be deemed to be a Change in Control by virtue of any
underwriter temporarily holding securities pursuant to an offering of such
securities;

(b)           During any period of two consecutive
years, individuals who at the beginning of any such period constitute the Board
(the “Incumbent Directors”) cease for any reason to constitute at least a
majority of the Board, unless the election, or the nomination for election by
the stockholders of the Company, of each new director of the Company during
such period was approved by a vote of at least two-thirds of the Incumbent
Directors then still in office;

(c)           As the result of, or in connection
with, any cash tender or exchange offer, merger or other business combination,
sale of all or substantially all of the assets or contested election, or any
combination of the foregoing transactions, less than a majority of the combined
voting power of the then-outstanding securities of the Company or any successor
corporation or entity entitled to vote generally in the election of the
directors of the Company or such other corporation or entity after such
transaction is held in the aggregate by the holders of the securities of the
Company entitled to vote generally in the election of directors of the Company
immediately prior to such transaction; or

(d)           The stockholders of the Company
approve a plan of complete liquidation of the Company.

Notwithstanding
the foregoing, a Change in Control shall not be deemed to occur solely because
any person acquires beneficial ownership of more than fifty percent (50%) of
the Company Voting Securities as a result of the acquisition of Company Voting
Securities by the Company that reduces the number of Company Voting Securities
outstanding; provided, however, that if after 

 2
 

 

 

such acquisition
by the Company such person becomes the beneficial owner of additional Company
Voting Securities that increases the percentage of outstanding Company Voting
Securities beneficially owned by such person, a Change in Control transaction
shall then occur.

Further
notwithstanding the foregoing, unless a majority of the Incumbent Directors
determines otherwise, no Change in Control shall be deemed to have occurred
with respect to a particular Executive if the Change in Control results from
actions or events in which such Executive is a participant in a capacity other
than solely as an officer, employee or director of the Company or an Affiliate.

1.6           “Good
Reason” shall mean any one of the following events, without Executive’s written
consent: (i) the assignment to Executive of duties materially inconsistent with
Executive’s then-current level of authority or responsibilities, or any other
action by the Company or an Affiliate that results in a material diminution in
Executive’s position, compensation, authority, duties or responsibilities; (ii)
a breach by the Company or an Affiliate of any material term or covenant of any
agreement with Executive; (iii) a requirement that Executive be based at any
office or location that is
more than thirty-five (35) miles from the Executive’s principal office location
immediately preceding a Change in Control; or (iv) a failure by any
successor (whether direct or indirect by purchase, merger, consolidation or
otherwise) to all or substantially all of the business or assets of the Company
or the Affiliate employing Executive to assume expressly and agree to perform
this Agreement in the same manner and to the same extent that the Company or an
Affiliate would be required to perform it if no such succession had taken
place.  Executive must provide the Company written notice of any claim of Good
Reason within ninety (90) days after the occurrence of any action/inaction
giving rise to such claim, and the Company or its Affiliate will have thirty
(30) days to cure such claim.

2.                                      TERMINATIONS
OF EMPLOYMENT TRIGGERING SEVERANCE BENEFITS

2.1           Subject
to Section 2.2, and provided that Executive has executed a full and complete
release of the Company and its Affiliates (and their related parties) from any
and all claims, in a form prepared by the Company, the Company or an Affiliate
will provide Executive with the benefits set forth in Section 3 if Executive’s
employment is terminated for the following reasons (“Qualifying Terminations”):
(i) by the Company or an Affiliate without Cause at any time; or (ii) by
Executive for Good Reason within eighteen (18) months after the effective date
of a Change in Control.

2.2           In
no event will benefits be payable to Executive under this Agreement in the
event of termination due to Executive’s death, disability, retirement,
termination by the Company or an Affiliate for Cause, or voluntary termination
by Executive without Good Reason.

2.3           Notwithstanding
the foregoing, the following payments will be made upon Executive’s termination
of employment for any reason or no reason: 
(i) earned but unpaid Base Salary through the date of termination; (ii)
any accrued but unpaid vacation; (iii) any amounts payable under any employee
pension or welfare benefit plans of the Company or an Affiliate in accordance
with the terms of those plans; and (iv) unreimbursed business expenses incurred
by Executive on behalf of the Company or an Affiliate (in accordance with
existing expense reimbursement policies of the Company or an Affiliate).

 3
 

 

 

3.                                      TERMINATION
BENEFITS

3.1           Subject
to the conditions set forth in Section 2, and so long as Executive has not
violated and does not violate any of the terms of this Agreement, the following
benefits shall be paid or provided to Executive in the event Executive’s
employment is terminated in a Qualifying Termination:

(a)           Salary Continuation.  The Company or an Affiliate will pay
Executive severance pay consisting of bi-weekly pay checks in an amount based
on Executive’s Base Salary on the date of termination (less applicable
deductions for federal and state taxes and FICA) for a period of six (6) months
following the date of termination.  The
severance pay will be paid on regularly scheduled pay dates.  Notwithstanding the foregoing, no payments
under this Section 3.1(a) shall commence prior to the effective date of the
release of claims being provided to the Company and its Affiliates by Executive
under Section 2.1 (including the expiration of any revocation period required
by law in connection with such release).

(b)           Incentive Plan Vesting.  All awards under the Kanbay International,
Inc. Stock Incentive Plan, or any similar or successor plan, held by Executive
shall immediately become exercisable in full, all restrictions applicable to
such awards shall lapse, and all performance measures with respect to such
awards shall be deemed satisfied in full.  Executive will
have a period of time following the date of termination, as stated in Kanbay
International, Inc. Stock Incentive Plan or the applicable Award Agreement
issued thereunder,
during which Executive may exercise his awards, if any.  Except as specifically stated in this Section
3.1(b), this
Agreement shall not be construed to amend, modify or supersede any of the
provisions of the Kanbay International, Inc. Stock Incentive Plan, or
any similar or successor plan, or any applicable Award Agreement issued
thereunder.

(c)           Health Benefits.  To the extent permissible under applicable
law, the Company or an Affiliate shall continue to provide coverage to
Executive (and to Executive’s spouse and dependents) under the health and
welfare benefit plans the Company or an Affiliate maintains for active
employees following Executive’s Qualifying Termination, at the same cost to
Executive and under the same terms applicable to active employees (and their dependents),
for a period of eighteen (18) months after Executive’s Qualifying
Termination.  Notwithstanding the
foregoing, if Executive becomes employed with another employer during such
eighteen (18) month period and is eligible to receive substantially comparable
health and welfare benefits from such employer, the obligation of the Company
and its Affiliates to provide the benefits described in this Section 3.1(c)
shall cease.

3.2           Taxation and
Withholding.  Neither the Company nor
any Affiliate makes any representations or warranties with respect to, and has
no responsibility or liability for, the personal tax consequences of this
Agreement to Executive.  The Company and
its Affiliates may make such provisions and take such steps as they may deem
necessary or appropriate for the withholding of any taxes that the Company or
any Affiliate is required by any law or regulation of any governmental
authority, whether federal, state or local, domestic or foreign, to withhold in
connection with this Agreement.

 4
 

 

 

3.3           Executive’s Death.  If Executive dies before the completion of
any payments or benefits required under this Section 3, the Company or an
Affiliate will make or continue payments and benefits to Executive’s surviving
spouse, if any, or Executive’s estate in accordance with this Section.

4.                                      RESTRICTIVE
COVENANTS

4.1           Trade Secrets.  Executive acknowledges that he has had and/or
will have access to confidential information of the Company and its Affiliates
(including, but not limited to, current and prospective confidential know-how,
specialized training, customer lists, marketing plans, business plans,
financial and pricing information, and information regarding acquisitions,
mergers and/or joint ventures) concerning the business, customers, clients,
contacts, prospects, and assets of the Company and its Affiliates that is
unique, valuable and not generally known outside the Company and its
Affiliates, and that was obtained from the Company or an Affiliate or which was
learned as a result of the performance of services by Executive on behalf of
the Company or an Affiliate (“Trade Secrets”). 
Trade Secrets shall not include any information that: (i) is now, or
hereafter becomes, through no act or failure to act on the part of Executive
that constitutes a breach of this Section 4, generally known or available to
the public; (ii) is known to Executive at the time such information was
obtained from the Company or an Affiliate; (iii) is hereafter furnished without
restriction on disclosure to Executive by a third party, other than an employee
or agent of the Company or an Affiliate, who is not under any obligation of
confidentiality to the Company or an Affiliate; (iv) is disclosed with the
written approval of the Company or an Affiliate; or (v) is required to be disclosed
or provided by law, court order, or similar compulsion, including pursuant to
or in connection with any legal proceeding involving the parties hereto;
provided however, that such disclosure shall be limited to the extent so
required or compelled; and provided further, however, that if Executive is
required to disclose such confidential information, he shall give the Company
notice of such disclosure and cooperate in seeking suitable protections.  Other than in the course of performing
services for the Company and its Affiliates, Executive will not, at any time,
directly or indirectly use, divulge, furnish or make accessible to any person
any Trade Secrets, but instead will keep all Trade Secrets strictly and
absolutely confidential.  Executive will
deliver promptly to the Company or the Affiliate that employed Executive, at
the termination of his employment or at any other time at the request of the
Company or an Affiliate, without retaining any copies, all documents and other
materials in his possession relating, directly or indirectly, to any Trade
Secrets.

4.2           Non-competition.  Beginning on the Effective Date and for a
period continuing through the later of (i) six (6) months following termination
of Executive’s employment with the Company and all Affiliates and (ii) the
period the Company or an Affiliate is making severance payments to Executive
under Section 3.1(a) (the “Restricted Period”), Executive shall not directly or
indirectly own any interest in, operate, control or participate as a partner, director,
principal, officer, or agent of, enter into the employment of, act as a
consultant to, or perform any services for, any company, person, or entity
engaged in a “Competitive Business” (as defined herein).  A Competitive Business shall include any company,
person or entity that is involved in or seeks to become involved in providing
information technology services and solutions to the financial services
industry, including business process and technology advice, software package
selection and integration, application development, maintenance and support,
network and system security and specialized services, in any country in which
the Company or an Affiliate is doing business at the time of termination of
Executive’s employment.

 5
 

 

 

4.3.          Employee Agreements.  As a condition of this Agreement and as a
condition of Executive’s employment with the Company or an Affiliate, Executive
is required to sign a separate Employee Non-Disclosure, Development and
Non-Solicitation Agreement and/or other similar agreement(s) (collectively, “Employee
Agreements”).  Executive hereby reaffirms
his commitment to abide by all obligations set forth in all such Employee
Agreements.  Executive further agrees
that any breach by Executive of any Employee Agreement shall be considered a
breach by Executive of this Agreement. 
This Agreement shall not be construed to amend, modify or terminate any
of Executive’s obligations under any Employee Agreement to the extent this
Agreement and the Employee Agreement are not inconsistent.  However, in the event of any direct conflict
between the terms of any Employee Agreement and the terms of this Agreement,
the terms of this Agreement shall govern and supersede any Employee Agreement.

4.4           Irreparable
Harm.  Executive acknowledges that:
(i) Executive’s compliance with this Agreement is necessary to preserve and
protect the proprietary rights, Trade Secrets, and the goodwill of the Company
or an Affiliate as going concerns, and (ii) any failure by Executive to comply
with the provisions of this Agreement will result in irreparable and continuing
injury for which there will be no adequate remedy at law.  In the event that Executive fails to comply
with the terms and conditions of this Agreement, the obligations of the Company
and its Affiliates to pay the severance benefits set forth in Section 3 shall
cease, and the Company or an Affiliate will be entitled, in addition to other
relief that may be proper, to all types of equitable relief (including, but not
limited to, the issuance of an injunction and/or temporary restraining order)
that may be necessary to cause Executive to comply with this Agreement, to
restore to the Company and its Affiliates their property, and to make the
Company and its Affiliates whole.

4.5           Survival.  The provisions set forth in this Section 4
shall survive termination of this Agreement.

4.6           Scope
Limitations.  If the scope, period of
time or area of restriction specified in this Section 4 are or would be judged
to be unreasonable in any court proceeding, then the period of time, scope or
area of restriction will be reduced or limited in the manner and to the extent
necessary to make the restriction reasonable, so that the restriction may be
enforced in those areas, during the period of time and in the scope that are or
would be judged to be reasonable.

5.             MISCELLANEOUS

5.1           Employment Status.  Nothing herein shall be deemed to create any
term of employment, it being expressly understood and agreed between the
parties that Executive’s employment is at will and that either party may
terminate such employment at any time.

5.2           Governing Law.  All provisions of this Agreement will be
construed and governed by Illinois law without regard to its choice of law
principles or the laws of any other jurisdiction.  Any suit, claim or other legal proceeding
arising out of or relating to Executive’s employment, his termination from
employment, or this Agreement shall be brought exclusively in the federal or
state courts located in Cook County, Illinois, and Executive and the Company
and its Affiliates hereby submit to personal jurisdiction in the State of
Illinois and to venue in such courts. 
Notwithstanding the foregoing, the Company or an Affiliate may seek and
obtain injunctive relief against Executive in any court having jurisdiction
over Executive.

 6
 

 

 

5.3           Severability.  Every provision of this Agreement is intended
to be severable. If any provision or portion of a provision is illegal or
invalid, then the remainder of this Agreement shall not be affected. Moreover,
any provision of this Agreement which is determined to be unreasonable,
arbitrary or against public policy shall be modified as necessary so that it is
not unreasonable, arbitrary or against public policy while maximizing the
intent of the parties.

5.4           Entire Agreement.  Except as provided in any non-disclosure,
non-solicitation, intellectual property or similar agreement signed by
Executive, with respect to its subject matter, this Agreement constitutes the
entire understanding of the parties superseding all prior agreements, understandings,
negotiations and discussions between them, whether written or oral, and there
are no other understandings, representations, warranties or commitments with
respect thereto.  Notwithstanding any
terms contained herein to the contrary, the Company or its Affiliates, in
addition to any rights set forth herein, shall have the right to seek
enforcement of any other penalties or restrictions that may apply under any
other non-disclosure, non-solicitation, intellectual property or similar
agreement between Executive and the Company or its Affiliates.

5.5           Successors and
Assigns.  This Agreement may not be
assigned by Executive.  This Agreement
shall be binding upon and inure to the benefit of all successors and assigns
(whether by operation of law or otherwise) of the Company and its Affiliates.

5.6           Amendment.
This Agreement may only be amended or terminated by mutual written agreement
between the Company and Executive.

5.7.          No Waiver.  No failure or delay by the Company or an
Affiliate or Executive in enforcing or exercising any right or remedy hereunder
shall operate as a waiver thereof.  No
modification, amendment or waiver of this Agreement nor consent to any
departure by Executive from any of the terms or conditions thereof, shall be
effective unless in writing and signed by the Chairman of the Board.  Any such waiver or consent shall be effective
only in the specific instance and for the purpose for which given.

5.8.          Counterparts.  The parties may execute this Agreement in one
or more counterparts, all of which together shall constitute but one Agreement.

IN WITNESS WHEREOF, each party has executed this
Severance Agreement or caused this Severance Agreement to be duly executed as
of the Effective Date.

	
  

  	
  KANBAY INTERNATIONAL, INC.

  	
   

  	
   

  	
  ROBERT A. WILLIAMS

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   By: 

  	
  /s/ William F. Weissman

  	
   

  	
   

  	
  /s/ Robert A. Williams

  
	
  Its:

  	
   CFO

  	
   

  	
  By:

  	
   Robert A.
  Williams

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  KANBAY INCORPORATED

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ William F. Weissman

  	
   

  	
   

  	
   

  
	
  Its:

  	
  CFO/Director

  	
   

  	
   

  	
   

  

 

 

 7

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