Document:

Exhibit 10.17

 

[Execution Copy]

 

MANAGEMENT EQUITY AWARD AGREEMENT

(“Rollover” Restricted Equity Units)

 

THIS
MANAGEMENT EQUITY AWARD AGREEMENT (“Agreement”)
is made as of October 6, 2006 by and between TDS Investor (Cayman) L.P., a
Cayman Islands limited partnership (the “Partnership”)
and Jeff Clarke (“Executive”).

 

RECITALS

 

The
Partnership has adopted the TDS Investor (Cayman) L.P. 2006 Interest Plan (the “Plan”), a copy of which is attached hereto as
Exhibit A.

 

In connection
with Executive’s employment by the Partnership or one of its Subsidiaries
(collectively, the “Company”), the
Partnership intends concurrently herewith to grant the number of Restricted
Equity Units (as defined below) set forth on the signature page hereto.

 

NOW,
THEREFORE, in consideration of the foregoing premises and the mutual promises
set forth in this Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties to this
Agreement, intending to be legally bound, agree as follows:

 

SECTION 1

DEFINITIONS

 

1.1.          Definitions. Capitalized
terms not otherwise defined herein shall have the meanings ascribed to them in
the Partnership Agreement. In addition to the terms defined in the Partnership
Agreement, the terms below shall have the following respective meanings:

 

“Agreement” has the meaning specified in the
Introduction.

 

“Board” means the board of directors of the
General Partner (or, if applicable, any committee of the Board).

 

“Cause” shall have the meaning assigned such term in any
employment agreement entered into between any Company and Executive.

 

“Company” has the meaning specified in the Recitals.

 

“Constructive Termination” shall have the
meaning assigned such term in any employment agreement entered into between any
Company and Executive.

 

“Disability” shall have the meaning assigned
such term in any employment agreement entered into between any Company and
Executive.

 

“Effective Date” means the date hereof.

 

 

“Exchange Act” shall mean the Securities Exchange Act of
1934, as amended.

 

“Executive” has the meaning specified in the
Introduction.

 

“Other Documents”  means  the
Partnership Agreement, any other management equity award agreement between
Executive and the Partnership and any employment 1agreement by and between
Executive and any Partnership, in each case as amended, modified, supplemented
or restated from time to time in accordance with the terms thereof.

 

“Partnership” has the meaning specified in
the Introduction.

 

“Partnership Agreement” shall mean the
Agreement of Limited Partnership, as amended, modified or supplemented from
time to time, of the Partnership.

 

“Unvested Restricted Equity Units” means
Restricted Equity Units held by Executive that are subject to any vesting,
forfeiture or similar arrangement under this Agreement.

 

“Vested Restricted Equity Units” means
Restricted Equity Units held by Executive that are no longer subject to any
vesting, forfeiture or similar arrangement under this Agreement.

 

SECTION 2

GRANT OF RESTRICTED EQUITY UNITS

 

2.1.          Restricted
Equity Units. Subject to the terms and conditions hereof, the
Partnership hereby grants Executive the number of Restricted Stock Units as is
set forth on the signature page to this Agreement and Executive accepts such
Restricted Equity Units from the Partnership. Each “Restricted
Equity Unit” represents the right to receive from the Partnership,
on the terms and conditions (and at the times) set forth in this Agreement
(including Section 3.3), one Class A-2 Interest with a hypothetical
capital contribution equal to, on the date hereof, $1 per Class A-2
Interest (but subject to adjustment pursuant to Section 4.3). The terms of
Class A-2 Interests are set forth in, and governed by, the Partnership
Agreement and Executive shall have no rights in respect of such Class A-2
Interests until the Company delivers such Class A-2 Interests pursuant to
the terms hereof and Executive becomes a Class A-2 Limited Partner
pursuant to the Partnership Agreement.

 

SECTION 3

VESTING, TRANSFER PROHIBITED, DELIVERY AND TERMINATION

 

3.1.          Vesting
Schedule.

 

(a)           Subject to Executive’s continued
employment with the Company, 20% of the Restricted Equity Units granted
hereunder shall vest and automatically become Vested Restricted Equity Units on
each of March 31, 2007, June 30, 2007, September 30, 2007,
December 31, 2007 and March 31, 2008 (each date, a “Scheduled Vesting Date”). Notwithstanding
the foregoing in the event that:

 

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(i)            a Change of Control occurs at a time
when Executive is employed by the Company, Executive shall thereupon be deemed
to have vested 100% into ownership of all Restricted Equity Units immediately
prior to such Change of Control (and such Restricted Equity Units shall
automatically convert to Vested Restricted Equity Units hereunder);

 

(ii)           Executive’s employment with the
Company is terminated for any reason, except as set forth, and to the extent
provided, in Section 3.1(b)(iii)), Executive shall have no right to further
vesting of the Restricted Equity Units that are Unvested Restricted Equity
Units (and such Restricted Equity Units shall be Unvested Restricted Equity
Units notwithstanding the provisions of this Section 3.1(b)); and

 

(iii)          Executive’s employment with the
Company is terminated (x) by the Company without Cause, (y) as a result of
death or Disability or (z) by Executive as a result of a Constructive
Termination, Executive shall thereupon be deemed to have vested 100% into
ownership of all Restricted Equity Units (and such Restricted Equity Units
shall automatically convert to Vested Restricted Equity Units hereunder).

 

3.2.          Transfer Prohibited.
Executive may not sell, assign, transfer, pledge or otherwise encumber (or make
any other Disposition of) any Restricted Equity Units, except upon the death of
Executive. Upon any attempted Disposition in violation of this
Section 3.2, the Restricted Equity Units shall immediately become null and
void.

 

3.3.          Delivery of Class A-2
Interests.

 

(a)           No Class A-2 Interest covered by
a Restricted Stock Unit shall be delivered to Executive until both (x) the
Restricted Stock Unit becomes a Vested Restricted Stock Unit and (y) each
of the following conditions precedent to delivery of such Class A-2
Interest shall have been satisfied in full, as determined in the sole
discretion of the Board:

 

(i)            One of the following events shall
have occurred:

 

(A)          a Change in Control that also
qualifies as a “change in the ownership or effective control of a corporation,
or a change in the ownership of a substantial portion of the assets of a
corporation” (as described in Code Section 409A and related guidance (“Section 409A”)) in respect of the
Partnership;

 

(B)           Executive’s “separation from service”
from the Partnership and its Subsidiaries (as described in Section 409A);

 

(C)           August 23, 2013, regardless of
whether Executive is employed by the Company on such date;

 

(D)          Executive’s death or Disability (so
long as such Disability qualifies as a “disability” under Section 409A); or

 

(E)           if permissible under Section 409A
without the imposition of any additional tax in respect of, or current taxation
prior to actual delivery of, the 

 

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Class A-2 Interests, the date that is 24
months following the occurrence of a Qualified Public Offering.

 

(ii)           Executive shall have paid to the
Company such amount as may be requested by the Partnership for purposes of
depositing any federal, state or local income or other taxes required by law to
be withheld with respect to the delivery of the Restricted Equity Units
(provided that this condition may be satisfied if Executive instead directs the
Company to withhold Class A-2 Interests to cover such required withholding
amounts).

 

(iii)          Executive (or Executive’s estate or
heirs) and, if applicable, the spouse of Executive (or Executive’s estate or
heirs) shall have executed and delivered to the Partnership an Addendum
Agreement pursuant to which Executive (or Executive’s estate or heirs) shall
have become a party to the Partnership Agreement and a Class A-2 Limited
Partner.

 

3.4.          Termination
of Restricted Equity Units.

 

(a)           Subject to Section 3.1(b)(iii),
Unvested Restricted Equity Units shall be canceled if Executive’s employment
with the Company is terminated for any reason.

 

(b)           Vested Restricted Equity Units shall
be canceled upon the occurrence of the following:

 

(i)            Executive’s breach of the provisions
of Section 5 of this Agreement (or any similar agreed-upon obligations of
Executive to the Company); or

 

(ii)           termination of Executive’s employment
with the Company with the Company for Cause.

 

3.5.          Partnership
Agreement. Executive acknowledges receipt of a copy of the
Partnership Agreement and represents that Executive understands that
(a) the terms of Class A-2 Interests are set forth in, and governed
by, the Partnership Agreement, (b) Executive shall have no rights in
respect of such Class A-2 Interests (including any right to receive
distributions under the Partnership Agreement) until the Company delivers such
Class A-2 Interests pursuant to the terms hereof and Executive becomes a
Class A-2 Limited Partner pursuant to the Partnership Agreement and
(c) the Partnership Agreement may be amended or modified from time to time
prior to Executive becoming a party thereto pursuant to the terms of the
Partnership Agreement. Notwithstanding the foregoing or anything to the
contrary in the Partnership Agreement, Class A-2 Interests delivered pursuant
to an Restricted Equity Unit granted pursuant to this Agreement shall not be
(i) forfeitable pursuant to Article XII of the Partnership Agreement
or (ii) subject to the mandatory purchase provisions of or Article XII of
the Partnership Agreement.

 

SECTION 4

DISTRIBUTION EQUIVALENT RIGHTS

 

4.1.          Payments and Allocations
upon Distributions. If on any date while Restricted Equity Units
are outstanding hereunder, the Partnership shall make any distribution to
holders of 

 

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Class A Interests pursuant to
Article VIII of the Partnership Agreement, the Partnership shall take the
following actions:

 

(a)           the Partnership shall cause the
Company to promptly pay Executive an amount, in respect of each Vested
Restricted Equity Unit, equal to the amount that would have been payable in
respect of the Class A-2 Interest underlying such Vested Restricted Equity
Unit if it were issued and outstanding on the date of such distribution (such
payment amount, the “Vested Distribution
Equivalent Payment”); and

 

(b)           the Partnership shall cause the
Company to allocate to a notional account for Executive (the “Notional Account”) an amount, in respect of
each Unvested Restricted Equity Unit, equal to the amount that would have been
payable in respect of the Class A-2 Interest underlying such Unvested
Restricted Equity Unit if it were issued and outstanding on the date of such
distribution.

 

4.2.          Additional Payments upon
Vesting. On any date that any Unvested Restricted Equity Units
become Vested Restricted Equity Units, Executive shall be entitled to receive
an amount (such amount, the “Unvested Distribution
Equivalent Payment” and, together with the Vested Distribution
Equivalent Payment, the “Distribution Equivalent
Payment”) equal to the product of (x) all amounts then credited
to Executive’s Notional Account multiplied by (y) a fraction, the
numerator of which shall be the number of Restricted Equity Units that became
Vested Restricted Equity Units on such date and denominator of which shall be
the total number of Unvested Restricted Equity Units immediately prior to such
date. Upon payment of any Unvested Distribution Equivalent Payment, the amount
credited to the Notional Account shall be reduced thereby.

 

4.3.          Adjustments to
Hypothetical Capital Contribution. Upon payment of any
Distribution Equivalent Payment, the hypothetical Capital Contribution
associated with Class A-2 Interests issued pursuant to the Restricted
Stock Units shall be reduced by such Distribution Equivalent Payment (until
such hypothetical amount shall equal zero, at which point it shall not be
further reduced).

 

4.4.          Withholding.
The Partnership and the Company shall have the right and is hereby authorized
to withhold from any Distribution Equivalent Payment the amount of any
applicable withholding taxes in respect of such payment and to take such action
as may be necessary in the opinion of the Partnership or the Company to satisfy
all obligations for the payment of such taxes. Notwithstanding the foregoing,
the Partnership shall, or shall cause one its Subsidiaries to, “gross-up”
Executive for any FICA/medicare withholding taxes that will be payable in
respect of the vesting of Restricted Equity Units (to the extent such taxes
would not otherwise have been payable by Executive during the applicable fiscal
year absent such vesting).

 

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SECTION 5

NON-COMPETITION AND CONFIDENTIALITY

 

5.1.          Non-Competition.

 

(a)           From the date hereof while employed
by the Company and for a two year period following the date Executive ceases to
be employed by the Company (the “Restricted Period”), irrespective of the
cause, manner or time of any termination, Executive shall not use his status
with any Company or any of its Affiliates to obtain loans, goods or services
from another organization on terms that would not be available to him in the
absence of his relationship to the Company or any of its Affiliates.

 

(b)           During the Restricted Period,
Executive shall not make any statements or perform any acts intended to or
which may have the effect of advancing the interest of any Competitors of the
Company or any of its Affiliates or in any way injuring the interests of the
Company or any of its Affiliates and the Company and its Affiliates shall not
make or authorize any person to make any statement that would in any way injure
the personal or business reputation or interests of Executive; provided
however, that, subject to Section 5.2, nothing herein shall preclude the
Company and its Affiliates or Executive from giving truthful testimony under
oath in response to a subpoena or other lawful process or truthful answers in
response to questions from a government investigation; provided, further,
however, that nothing herein shall prohibit the Company and its Affiliates from
disclosing the fact of any termination of Executive’s employment or the circumstances
for such a termination. For purposes of this Section 5.1(b), the term “Competitor”
means any enterprise or business that is engaged in, or has plans to engage in,
at any time during the Restricted Period, any activity that competes with the
businesses conducted during or at the termination of Executive’s employment, or
then proposed to be conducted, by the Company and its Affiliates in a manner
that is or would be material in relation to the businesses of the Company or
the prospects for the businesses of the Company (in each case, within 100 miles
of any geographical area where the Company or its Affiliates manufactures,
produces, sells, leases, rents, licenses or otherwise provides its products or
services). During the Restricted Period, Executive, without prior express
written approval by the Board, shall not (A) engage in, or directly or
indirectly (whether for compensation or otherwise) manage, operate, or control,
or join or participate in the management, operation or control of a Competitor,
in any capacity (whether as an employee, officer, director, partner,
consultant, agent, advisor, or otherwise) or (B) develop, expand or promote, or
assist in the development, expansion or promotion of, any division of an
enterprise or the business intended to become a Competitor at any time after
the end of the Restricted Period or (C) own or hold a Proprietary Interest in,
or directly furnish any capital to, any Competitor of the Company. Executive
acknowledges that the Company’s and its Affiliates businesses are conducted
nationally and internationally and agrees that the provisions in the foregoing
sentence shall operate throughout the United States and the world (subject to
the definition of “Competitor”).

 

(c)           During the Restricted Period,
Executive, without express prior written approval from the Board, shall not
solicit any members or the then current clients of the Company or any of its
Affiliates for any existing business of the Company or any of its Affiliates or
discuss with any employee of the Company or any of its Affiliates information
or operations of any business intended to compete with the Company or any of
its Affiliates.

 

(d)           During the Restricted Period,
Executive shall not interfere with the employees or affairs of the Company or
any of its Affiliates or solicit or induce any person who is an employee of the
Company or any of its Affiliates to terminate any relationship such person may
have with the Company or any of its Affiliates, nor shall Executive during such
period 

 

6

 

directly or indirectly engage, employ or
compensate, or cause or permit any Person with which Executive may be
Affiliated, to engage, employ or compensate, any employee of the Company or any
of its Affiliates.

 

(e)           For the purposes of this Agreement, “Proprietary
Interest” means any legal, equitable or other ownership, whether through stock
holding or otherwise, of an interest in a business, firm or entity; provided,
that ownership of less than 5% of any class of equity interest in a publicly
held company shall not be deemed a Proprietary Interest.

 

(f)            The period of time during which the
provisions of this Section 5.1 shall be in effect shall be extended by the
length of time during which Executive is in breach of the terms hereof as
determined by any court of competent jurisdiction on the Company’s application
for injunctive relief.

 

(g)           Executive
agrees that the restrictions contained in this Section 5.1 are an essential
element of the compensation Executive is granted hereunder and but for
Executive’s agreement to comply with such restrictions, the Company would not
have entered into this Agreement.

 

(h)           It
is expressly understood and agreed that although Executive and the Company
consider the restrictions contained in this Section 5.1 to be reasonable, if a
final judicial determination is made by a court of competent jurisdiction that
the time or territory or any other restriction contained in this Agreement is
an unenforceable restriction against Executive, the provisions of this
Agreement shall not be rendered void but shall be deemed amended to apply as to
such maximum time and territory and to such maximum extent as such court may
judicially determine or indicate to be enforceable. Alternatively, if any court
of competent jurisdiction finds that any restriction contained in this
Agreement is unenforceable, and such restriction cannot be amended so as to
make it enforceable, such finding shall not affect the enforceability of any of
the other restrictions contained herein.

 

5.2.          Confidentiality.

 

(a)           Executive will not at any time
(whether during or after Executive’s employment with the Company) (x) retain or
use for the benefit, purposes or account of Executive or any other Person; or
(y) disclose, divulge, reveal, communicate, share, transfer or provide access
to any Person outside the Company (other than its professional advisers who are
bound by confidentiality obligations), any non-public, proprietary or
confidential information (including without limitation trade secrets, know-how,
research and development, software, databases, inventions, processes, formulae,
technology, designs and other intellectual property, information concerning
finances, investments, profits, pricing, costs, products, services, vendors, customers,
clients, partners, investors, personnel, compensation, recruiting, training,
advertising, sales, marketing, promotions, government and regulatory activities
and approvals) concerning the past, current or future business, activities and
operations of the Company or its Affiliates and/or any third party that has
disclosed or provided any of same to the Company on a confidential basis (“Confidential
Information”) without the prior written authorization of the Board.

 

7

 

(b)           “Confidential Information” shall not
include any information that is (i) generally known to the industry or the
public other than as a result of Executive’s breach of this covenant or any
breach of other confidentiality obligations by third parties; (ii) made
legitimately available to Executive by a third party without breach of any
confidentiality obligation; or (iii) required by law to be disclosed; provided
that Executive shall give prompt written notice to the Company of such requirement,
disclose no more information than is so required, and cooperate, at the Company’s
cost, with any attempts by the Company to obtain a protective order or similar
treatment.

 

(c)           Except
as required by law, Executive will not disclose to anyone, other than Executive’s
immediate family and legal or financial advisors, the existence or contents of
this Agreement (unless this Agreement shall be publicly available as a result
of a regulatory filing made by the Company or its Affiliates); provided
that Executive may disclose to any prospective future employer the provisions
of Section 5 of this Agreement provided they agree to maintain the
confidentiality of such terms.

 

(d)           Upon
termination of Executive’s employment with the Company for any reason,
Executive shall (x) cease and not thereafter commence use of any Confidential
Information or intellectual property (including without limitation, any patent,
invention, copyright, trade secret, trademark, trade name, logo, domain name or
other source indicator) owned or used by the Company or its Affiliates; (y)
immediately destroy, delete, or return to the Company, at the Company’s option,
all originals and copies in any form or medium (including memoranda, books,
papers, plans, computer files, letters and other data) in Executive’s
possession or control (including any of the foregoing stored or located in
Executive’s office, home, laptop or other computer, whether or not Company
property) that contain Confidential Information or otherwise relate to the
business of the Company and its Affiliates, except that Executive may retain
only those portions of any personal notes, notebooks and diaries that do not
contain any Confidential Information; and (z) notify and fully cooperate with
the Company regarding the delivery or destruction of any other Confidential
Information of which Executive is or becomes aware.

 

5.3.          Intellectual Property.

 

(a)           If
Executive has created, invented, designed, developed, contributed to or
improved any works of authorship, inventions, intellectual property, materials,
documents or other work product (including without limitation, research,
reports, software, databases, systems, applications, presentations, textual
works, content, or audiovisual materials) (“Works”), either alone or with third
parties, prior to Executive’s employment by the Company, that are relevant to
or implicated by such employment (“Prior Works”), Executive hereby grants the
Company a perpetual, non-exclusive, royalty-free, worldwide, assignable,
sublicensable license under all rights and intellectual property rights
(including rights under patent, industrial property, copyright, trademark,
trade secret, unfair competition and related laws) therein for all purposes in
connection with the Company’s current and future business.

 

(b)           If
Executive creates, invents, designs, develops, contributes to or improves any
Works, either alone or with third parties, at any time during Executive’s
employment by the Company and within the scope of such employment and/or with
the use of any the Company 

 

8

 

resources (“Company Works”), Executive shall
promptly and fully disclose same to the Company and hereby irrevocably assigns,
transfers and conveys, to the maximum extent permitted by applicable law, all
rights and intellectual property rights therein (including rights under patent,
industrial property, copyright, trademark, trade secret, unfair competition and
related laws) to the Company to the extent ownership of any such rights does
not vest originally in the Company.

 

(c)           Executive
agrees to keep and maintain adequate and current written records (in the form
of notes, sketches, drawings, and any other form or media requested by the
Company) of all Company Works. The records will be available to and remain the
sole property and intellectual property of the Company at all times.

 

(d)           Executive
shall take all requested actions and execute all requested documents (including
any licenses or assignments required by a government contract) at the Company’s
expense (but without further remuneration) to assist the Company in validating,
maintaining, protecting, enforcing, perfecting, recording, patenting or
registering any of the Company’s rights in the Prior Works and Company Works. If
the Company is unable for any other reason to secure Executive’s signature on
any document for this purpose, then Executive hereby irrevocably designates and
appoints the Company and its duly authorized officers and agents as Executive’s
agent and attorney in fact, to act for and in Executive’s behalf and stead to
execute any documents and to do all other lawfully permitted acts in connection
with the foregoing.

 

(e)           Executive
shall not improperly use for the benefit of, bring to any premises of, divulge,
disclose, communicate, reveal, transfer or provide access to, or share with the
Company any confidential, proprietary or non-public information or intellectual
property relating to a former employer or other third party without the prior
written permission of such third party. Executive hereby indemnifies, holds
harmless and agrees to defend the Company and its officers, directors,
partners, employees, agents and representatives from any breach of the
foregoing covenant. Executive shall comply with all relevant policies and guidelines
of the Company, including regarding the protection of confidential information
and intellectual property and potential conflicts of interest. Executive
acknowledges that the Company may amend any such policies and guidelines from
time to time, and that Executive remains at all times bound by their most
current version.

 

5.4.          Specific Performance.
Executive acknowledges and agrees that the Partnership’s remedies at law for a
breach or threatened breach of any of the provisions of this Section 5
would be inadequate and the Partnership would suffer irreparable damages as a
result of such breach or threatened breach. In recognition of this fact,
Executive agrees that, in the event of such a breach or threatened breach, in
addition to any remedies at law, the Partnership, without posting any bond,
shall be entitled to cease making any payments or providing any benefit
otherwise required by this Agreement and obtain equitable relief in the form of
specific performance, temporary restraining order, temporary or permanent
injunction or any other equitable remedy which may then be available. Without
limiting the generality of the foregoing, neither party shall oppose any motion
the other party may make for any expedited discovery or hearing in connection
with any alleged breach of this Section 5.

 

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5.5.          Survival. The
provisions of this Section 5 shall survive the termination of Executive’s
employment for any reason.

 

SECTION 6

MISCELLANEOUS

 

6.1.          Tax
Issues. THE ISSUANCE OF THE RESTRICTED EQUITY UNITS TO EXECUTIVE
AND/OR THE DELIVERY OF THE CLASS A-2 INTERESTS PURSUANT TO THIS AGREEMENT
INVOLVES COMPLEX AND SUBSTANTIAL TAX CONSIDERATIONS. EXECUTIVE ACKNOWLEDGES
THAT HE HAS CONSULTED HIS OWN TAX ADVISOR WITH RESPECT TO THE TRANSACTIONS
DESCRIBED IN THIS AGREEMENT. THE COMPANY MAKES NO
WARRANTIES OR REPRESENTATIONS WHATSOEVER TO EXECUTIVE REGARDING THE TAX
CONSEQUENCES OF EXECUTIVE’S RECEIPT OF THE RESTRICTED EQUITY UNITS AND/OR
CLASS A-2 INTERESTS OR THIS AGREEMENT. EXECUTIVE
ACKNOWLEDGES AND AGREES THAT EXECUTIVE SHALL BE SOLELY RESPONSIBLE FOR ANY
TAXES ON THE RESTRICTED EQUITY UNITS AND SHALL HOLD THE COMPANY, ITS OFFICERS,
DIRECTORS AND EMPLOYEES HARMLESS FROM ANY LIABILITY ARISING FROM ANY TAXES
INCURRED BY EXECUTIVE IN CONNECTION WITH THE RESTRICTED EQUITY UNITS.

 

6.2.          Compliance with IRC
Section 409A.
Notwithstanding
anything herein to the contrary, (i) if at the time Executive is a “specified
employee” as defined in Section 409A and the deferral of the commencement of
any payments or benefits otherwise payable hereunder is necessary in order to
prevent any accelerated or additional tax under Section 409A, then the Company
will defer the commencement of the payment of any such payments or benefits
hereunder (without any reduction in such payments or benefits ultimately paid
or provided to Executive) until the date that is six months following Executive’s
termination of employment with the Company (or the earliest date as is
permitted under Section 409A) and (ii) if any other payments of money or other
benefits due to Executive hereunder could cause the application of an
accelerated or additional tax under Section 409A, such payments or other
benefits shall be deferred if deferral will make such payment or other benefits
compliant under Section 409A, or otherwise such payment or other benefits shall
be restructured, to the extent possible, in a manner, determined by the Board,
that does not cause such an accelerated or additional tax. The Company shall
consult with Executive in good faith regarding the implementation of the
provisions of this Section 6.2; provided that neither the Company nor any of
its employees or representatives shall have any liability to Executive with
respect to thereto.

 

6.3.          Employment
of Executive. Executive acknowledges that he is employed by the
Partnership or its Affiliates subject to the terms of his employment agreement
with the Partnership (if any). Any change of Executive’s duties as an employee
of the Company shall not result in a modification of the terms of this
Agreement.

 

6.4.          Equitable Adjustments.
Notwithstanding any other provisions in this Agreement, the Partnership
Agreement or the Plan to the contrary, in the event of any change in the
outstanding Interests after the date hereof by reason of any equity dividend or
split, 

 

10

 

reorganization, recapitalization, merger,
consolidation, spin-off, combination, combination or transaction or exchange of
Interests or other corporate exchange, or any distribution to Partners of
equity or cash (other than regular cash distributions) or any transaction
similar to the foregoing (regardless of whether outstanding Interests are
changed) (collectively, “Adjustment Events”),
the General Partner in its sole discretion and without liability to any Person
shall make such substitution or adjustment, if any, as it deems to be equitable
(taking into consideration such matters, without limitation, as relative value
of each class of Interests and the Restricted Equity Units, status of vesting
and the nature of the Adjustment Event and its impact on the Interests and the
Restricted Equity Units) to the Management Limited Partners as a group, as to
(i) the number or kind of Interests or other securities issued or reserved for
issuance under the Partnership Agreement in respect of Restricted Equity Units,
(ii) the vesting terms under this Agreement, (iii) the distribution
priorities contained in the Partnership Agreement and/or (iv) any other
affected terms hereunder.

 

6.5.          Calculation
of Benefits. Neither the Restricted Equity Units nor the
Class A-2 Interests shall be deemed compensation for purposes of computing
benefits or contributions under any retirement plan of the Company and shall
not affect any benefits, or contributions to benefits, under any other benefit
plan of any kind now or subsequently in effect under which the availability or
amount of benefits or contributions is related to level of compensation.

 

6.6.          Setoff.
The Partnership’s obligation to pay Executive the amounts provided and to make
the arrangements provided hereunder and under the Partnership Agreement shall
be subject to set off, counterclaim or recoupment of amounts owed by such
Executive (or any Affiliate of such Executive (or any of its Relatives) that is
Controlled by such Executive (or any of its Relatives)) to the Partnership or
its Affiliates (including without limitation amounts owed pursuant to the
Partnership Agreement).

 

6.7.          Remedies.

 

(a)           The rights and remedies provided by
this Agreement are cumulative and the use of any one right or remedy by any
party shall not preclude or waive its right to use any or all other remedies. These
rights and remedies are given in addition to any other rights the parties may
have at law or in equity.

 

(b)           Except where a time period is
otherwise specified, no delay on the part of any party in the exercise of any
right, power, privilege or remedy hereunder shall operate as a waiver thereof,
nor shall any exercise or partial exercise of any such right, power, privilege
or remedy preclude any further exercise thereof or the exercise of any right,
power, privilege or remedy.

 

6.8.          Waivers
and Amendments. The respective rights and obligations of the
Partnership and Executive under this Agreement may be waived (either generally
or in a particular instance, either retroactively or prospectively, and either
for a specified period of time or indefinitely) by such respective party. This
Agreement may be amended only with the written consent of a duly authorized
representative of the Partnership and Executive.

 

11

 

6.9.          Governing
Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York.

 

6.10.        CONSENT TO JURISDICTION.

 

(a)           EACH
OF THE PARTIES HERETO HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION OF ALL
STATE AND FEDERAL COURTS LOCATED IN THE STATE OF NEW YORK, AS WELL AS TO THE
JURISDICTION OF ALL COURTS TO WHICH AN APPEAL MAY BE TAKEN FROM SUCH COURTS,
FOR THE PURPOSE OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF, OR IN
CONNECTION WITH, THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY,
INCLUDING, WITHOUT LIMITATION, ANY PROCEEDING RELATING TO ANCILLARY MEASURES IN
AID OF ARBITRATION, PROVISIONAL REMEDIES AND INTERIM RELIEF, OR ANY PROCEEDING
TO ENFORCE ANY ARBITRAL DECISION OR AWARD. EACH PARTY HEREBY EXPRESSLY WAIVES
ANY AND ALL RIGHTS TO BRING ANY SUIT, ACTION OR OTHER PROCEEDING IN OR BEFORE
ANY COURT OR TRIBUNAL OTHER THAN THE COURTS DESCRIBED ABOVE AND COVENANTS THAT
IT SHALL NOT SEEK IN ANY MANNER TO RESOLVE ANY DISPUTE OTHER THAN AS SET FORTH
IN THIS SECTION 6.10 OR TO CHALLENGE OR SET ASIDE ANY DECISION, AWARD OR
JUDGMENT OBTAINED IN ACCORDANCE WITH THE PROVISIONS HEREOF.

 

(b)           EACH
OF THE PARTIES HERETO HEREBY EXPRESSLY WAIVES ANY AND ALL OBJECTIONS IT MAY
HAVE TO VENUE, INCLUDING, WITHOUT LIMITATION, THE INCONVENIENCE OF SUCH FORUM,
IN ANY OF SUCH COURTS. IN ADDITION, EACH OF THE PARTIES CONSENTS TO THE SERVICE
OF PROCESS BY PERSONAL SERVICE OR ANY MANNER IN WHICH NOTICES MAY BE DELIVERED
HEREUNDER IN ACCORDANCE WITH SECTION 6.14 OF THIS AGREEMENT.

 

6.11.        Waiver
of Jury Trial. EACH OF THE PARTIES HERETO HEREBY VOLUNTARILY AND
IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR OTHER PROCEEDING BROUGHT IN
CONNECTION WITH THIS AGREEMENT, ANY OF THE OTHER DOCUMENTS OR ANY OF THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 

6.12.        Successors
and Assigns. Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties hereto.

 

6.13.        Entire Agreement. This
Agreement and the Other Documents constitute the full and entire understanding
and agreement of the parties with regard to the subjects hereof and supersedes
in their entirety all other prior agreements, whether oral or written, with
respect thereto. This
Agreement supersedes all prior agreements and understandings (including verbal
agreements) between Executive and the Company regarding grants of equity,
equity-based or equity-related rights or instruments in any Company (including,
for the avoidance of doubt, any 

 

12

 

rights promised by
Cendant Corporation or its Affiliates in respect of any Company, except other
agreements entered into on the date hereof with respect to limited partnership
interests in the Partnership.

 

6.14.        Notices.
All demands, notices, requests, consents and other communications required or
permitted under this Agreement shall be in writing and shall be personally
delivered or sent by facsimile machine (with a confirmation copy sent by one of
the other methods authorized in this Section
6.14), reputable commercial overnight delivery service (including
Federal Express and U.S. Postal Service overnight delivery service) or,
deposited with the U.S. Postal Service mailed first class, registered or
certified mail, postage prepaid, as set forth below:

 

If to the
Partnership, addressed to:

 

TDS Investor
(Cayman) L.P.

c/o Travelport Inc.

9 West 57th Street

New York, NY  10019

Attention:  Eric Bock, General Counsel

Fax:  (212) 413-1922

 

with a copy
which shall not constitute notice to:

 

The Blackstone
Group

345 Park Avenue

New York, New York 10154

Attention: Chip Schorr

Fax: +1 212 583 5712

 

with a copy
which shall not constitute notice to:

 

Simpson
Thacher & Bartlett LLP

425 Lexington Ave.

New York, NY 10017

Attention:  William Curbow and Greg
Grogan

Fax:  (212) 455-2502

 

If to
Executive, to the address set forth on the signature page of this Agreement or
at the current address listed in the Partnership’s records.

 

Notices shall
be deemed given upon the earlier to occur of (i) receipt by the party to
whom such notice is directed; (ii) if sent by facsimile machine, on the
day (other than a Saturday, Sunday or legal holiday in the jurisdiction to
which such notice is directed) such notice is sent if sent (as evidenced by the
facsimile confirmed receipt) prior to 5:00 p.m. Eastern Time and, if sent
after 5:00 p.m. Eastern Time, on the day (other than a Saturday, Sunday or
legal holiday in the jurisdiction to which such notice is directed) after which
such notice is sent; (iii) on the first business day (other than a
Saturday, Sunday or legal holiday in the jurisdiction to which such notice is
directed) following the day the same is deposited with the commercial courier
if sent by commercial overnight delivery service; or (iv) the fifth day
(other than a Saturday, Sunday or 

 

13

 

legal holiday
in the jurisdiction to which such notice is directed) following deposit thereof
with the U.S. Postal Service as aforesaid. Each party, by notice duly given in
accordance therewith, may specify a different address for the giving of any
notice hereunder.

 

6.15.        No
Third Party Beneficiaries. There are no third party
beneficiaries of this Agreement.

 

6.16.        Agreement
Subject to Partnership Agreement and Plan. By entering into this
Agreement, Executive agrees and acknowledges that Executive has received and
read a copy of the Partnership Agreement and the Plan and that the Restricted
Equity Units are subject to the Partnership Agreement and the Plan. The terms
and provisions of the Partnership Agreement and Plan as may be amended from time
to time are hereby incorporated by reference. In the event of a conflict
between any term or provision contained herein and a term or provision of the
Partnership Agreement or the Plan, the applicable terms and provisions of the
Partnership Agreement or the Plan will govern and prevail.

 

6.17.        Severability; Titles and
Subtitles; Gender; Singular and Plural; Counterparts; Facsimile.

 

(a)           In case any provision of this
Agreement shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions of this Agreement shall not in
any way be affected or impaired thereby.

 

(b)           The titles of the sections and
subsections of this Agreement are for convenience of reference only and are not
to be considered in construing this Agreement.

 

(c)           The use of any gender in this
Agreement shall be deemed to include the other genders, and the use of the
singular in this Agreement shall be deemed to include the plural (and vice
versa), wherever appropriate.

 

(d)           This Agreement may be executed in any
number of counterparts, each of which shall be an original, but all of which
together constitute one instrument.

 

(e)           Counterparts of this Agreement (or
applicable signature pages hereof) that are manually signed and delivered by
facsimile transmission shall be deemed to constitute signed original
counterparts hereof and shall bind the parties signing and delivering in such
manner.

 

14

 

IN WITNESS
WHEREOF, the Partnership and Executive have executed this Agreement as of the
day and year first written above.

 

	
   

  	
  COMPANY:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TDS Investor (Cayman) L.P.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TDS Investor (Cayman) GP Ltd.,

  	
   

  
	
   

  	
   

  	
  its general partner

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric J. Bock

  
	
   

  	
  Name:

  	
  Eric J. Bock

  
	
   

  	
  Title:

  	
  Executive Vice President

  
	
   

  	
   

  	
  and General Counsel

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EXECUTIVE:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Jeff Clarke

  	
   

  
	
   

  	
  Name: Jeff Clarke

  	
   

  
					

 

 

Exhibit A
– Interest Plan

 

(Distributed
Separately)Exhibit 10.18

 

[Execution Copy]

 

MANAGEMENT EQUITY AWARD AGREEMENT

(Restricted Equity Units)

 

THIS
MANAGEMENT EQUITY AWARD AGREEMENT (“Agreement”)
is made as of October 13, 2006 by and between TDS Investor (Cayman) L.P., a
Cayman Islands limited partnership (the “Partnership”)
and the executive whose name is set forth on the signature page hereto (“Executive”).

 

RECITALS

 

The
Partnership has adopted the TDS Investor (Cayman) L.P. 2006 Interest Plan (the “Plan”), a copy of which is attached hereto as Exhibit A.  

 

In connection
with Executive’s employment by the Partnership or one of its Subsidiaries
(collectively, the “Company”), the
Partnership intends concurrently herewith to grant the number of Restricted
Equity Units (as defined below) set forth on the signature page hereto.

 

NOW,
THEREFORE, in consideration of the foregoing premises and the mutual promises
set forth in this Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties to this
Agreement, intending to be legally bound, agree as follows:

 

SECTION 1

DEFINITIONS

 

1.1.          Definitions.  Capitalized terms not otherwise defined
herein shall have the meanings ascribed to them in the Partnership
Agreement.  In addition to the terms defined
in the Partnership Agreement, the terms below shall have the following
respective meanings:

 

“Agreement” has the meaning specified in the
Introduction.

 

“Board” means the board of directors of the
General Partner (or, if applicable, any committee of the Board).

 

“Cause” shall have the meaning assigned such term in any
employment agreement entered into between any Company and Executive, provided
that if no such employment agreement exists or such term is not defined, then “Cause”
shall mean (A) Executive’s failure substantially to perform Executive’s duties
to the Company (other than as a result of total or partial incapacity due to
Disability) for a period of 10 days following receipt of written notice from
any Company by Executive of such failure; provided that it is understood that
this clause (A) shall not apply if a Company terminates Executive’s employment
because of dissatisfaction with actions taken by Executive in the good faith
performance of Executive’s duties to the Company, (B) theft or embezzlement of
property of the Company or dishonesty in the performance of Executive’s duties
to the Company, other than de minimis conduct that would not typically result
in sanction by an employer of an executive in similar circumstances, (C) 

 

 

conviction
which is not subject to routine appeals of right or a plea of “no contest” for
(x) a felony under the laws of the United States or any state thereof or (y) a
crime involving moral turpitude for which the potential penalty includes
imprisonment of at least one year, (D) Executive’s willful malfeasance or
willful misconduct in connection with Executive’s duties or any act or omission
which is materially injurious to the financial condition or business reputation
of the Company or its affiliates, or (E) Executive’s breach of the provisions
of any agreed-upon non-compete, non-solicitation or confidentiality provisions
agreed to with the Company, including pursuant to this Agreement and pursuant
to any employment agreement (excluding a breach of a confidentiality obligation
by a statement made by Executive in good faith in Executive’s employment
capacity).

 

“Company” has the meaning specified in the Recitals.

 

“Constructive Termination” shall have the
meaning assigned such term in any employment agreement entered into between any
Company and Executive, provided that if no such employment agreement exists or
such term is not defined, then “Constructive Termination” means (A) any
material reduction in Executive’s base salary or annual bonus opportunity
(excluding any change in value of equity incentives or a reduction affecting
substantially all similarly situated executives), (B) failure of the Company or
its affiliates to pay compensation or benefits when due, in each case which is
not cured within 30 days following the Company’s receipt of written notice from
Executive describing the event constituting a Constructive Termination,
(C) a material and sustained diminution to Executive’s duties and
responsibilities as of the date of this Agreement or (D) the primary
business office for Executive being relocated by more than 50 miles; provided
that any of the events described in clauses (A)-(D) of this shall constitute a
Constructive Termination only if the Company fails to cure such event within 30
days after receipt from Executive of written notice of the event which
constitutes a Constructive Termination; provided, further, that a
“Constructive Termination” shall cease to exist for an event on the 60th
day following the later of its occurrence or Executive’s knowledge thereof,
unless Executive has given the Company written notice thereof prior to such
date.

 

“Disability” shall have the meaning assigned
such term in any employment agreement entered into between any Company and
Executive, provided that if no such employment agreement exists or such term is
not defined, then “Disability” shall mean Executive shall have become
physically or mentally incapacitated and is therefore unable for a period of
nine (9) consecutive months or for an aggregate of twelve (12) months in any
eighteen (18) consecutive month period to perform Executive’s duties under
Executive’s employment.  Any question as
to the existence of the Disability of Executive as to which Executive and the
Partnership cannot agree shall be determined in writing by a qualified
independent physician mutually acceptable to Executive and the
Partnership.  If Executive and the
Partnership cannot agree as to a qualified independent physician, each shall
appoint such a physician and those two physicians shall select a third who
shall make such determination in writing. 
The determination of Disability made in writing to the Partnership and
Executive shall be final and conclusive for all purposes of this Agreement and
any other agreement between any Company and Executive that incorporates the
definition of “Disability”.

 

“Effective Date” means the date hereof.

 

2

 

“Exchange Act” shall mean the Securities Exchange Act of
1934, as amended.

 

“Executive” has the meaning specified in the
Introduction.

 

“Other Documents”  means  the
Partnership Agreement, any other management equity award agreement between
Executive and the Partnership and any employment agreement by and between
Executive and any Partnership, in each case as amended, modified, supplemented
or restated from time to time in accordance with the terms thereof.

 

“Partnership” has the meaning specified in
the Introduction.

 

“Partnership Agreement” shall mean the
Agreement of Limited Partnership, as amended, modified or supplemented from
time to time, of the Partnership.

 

“Unvested Restricted Equity Units” means
Restricted Equity Units held by Executive that are subject to any vesting,
forfeiture or similar arrangement under this Agreement.

 

“Vested Restricted Equity Units” means
Restricted Equity Units held by Executive that are no longer subject to any
vesting, forfeiture or similar arrangement under this Agreement. 

 

SECTION 2

GRANT OF RESTRICTED EQUITY UNITS

 

2.1.          Restricted
Equity Units.  Subject to
the terms and conditions hereof, the Partnership hereby grants Executive the
number of Restricted Stock Units as is set forth on the signature page to this
Agreement and Executive accepts such Restricted Equity Units from the
Partnership.  Each “Restricted
Equity Unit” represents the right to receive from the Partnership,
on the terms and conditions (and at the times) set forth in this Agreement
(including Section 3.3), one Class A-2 Interest with a hypothetical
capital contribution equal to, on the date hereof, $1 per Class A-2
Interest (but subject to adjustment pursuant to Section 4.3).  The terms of Class A-2 Interests are set
forth in, and governed by, the Partnership Agreement and Executive shall have
no rights in respect of such Class A-2 Interests until the Company delivers
such Class A-2 Interests pursuant to the terms hereof and Executive
becomes a Class A-2 Limited Partner pursuant to the Partnership Agreement.

 

SECTION 3

VESTING, TRANSFER PROHIBITED, DELIVERY AND TERMINATION

 

3.1.          Vesting
Schedule.  

 

(a)           Immediately upon the execution of
this Agreement, 6.25% of the Restricted Equity Units granted hereunder shall be
Vested Restricted Equity Units.

 

(b)           Subject to Executive’s continued
employment with the Company, an additional 6.25% of the Restricted Equity Units
granted hereunder shall vest and automatically become Vested Restricted Equity
Units on each of February 2, May 2, August 2 and November 2 

 

3

 

of each year (each date, a “Scheduled Vesting Date”), with the first
Scheduled Vesting Date occurring on November 2, 2006.  Notwithstanding the foregoing in the event
that:

 

(i)            a Change of Control occurs at a time
when Executive is employed by the Company, Executive shall thereupon be deemed
to have vested 100% into ownership of all Restricted Equity Units immediately
prior to such Change of Control (and such Restricted Equity Units shall
automatically convert to Vested Restricted Equity Units hereunder);

 

(ii)           Executive’s employment with the
Company is terminated for any reason, except as set forth, and to the extent
provided, in Section 3.1(b)(iii)), Executive shall have no right to further
vesting of the Restricted Equity Units that are Unvested Restricted Equity
Units (and such Restricted Equity Units shall be Unvested Restricted Equity
Units notwithstanding the provisions of this Section 3.1(b)); and

 

(iii)          Executive’s employment with the
Company is terminated (x) by the Company without Cause, (y) as a result of
death or Disability or (z) by Executive as a result of a Constructive
Termination, Executive shall thereupon be deemed to have vested in the
Restricted Equity Units that would have vested on:

 

(A)          the next four Scheduled Vesting Dates
(and such Restricted Equity Units shall automatically convert to Vested Restricted
Equity Units hereunder) if such termination occurs between May 3 and November 2
(inclusive);

 

(B)           the next three Scheduled Vesting
Dates (and such Restricted Equity Units shall automatically convert to Vested
Restricted Equity Units hereunder) if such termination occurs between November
3 and February 2 (inclusive); and

 

(C)           the next two Scheduled Vesting Dates
(and such Restricted Equity Units shall automatically convert to Vested
Restricted Equity Units hereunder) if such termination occurs between February
3 and May 2 (inclusive). 

 

3.2.          Transfer Prohibited.  Executive may not sell, assign, transfer,
pledge or otherwise encumber (or make any other Disposition of) any Restricted
Equity Units, except upon the death of Executive.  Upon any attempted Disposition in violation
of this Section 3.2, the Restricted Equity Units shall immediately become
null and void.

 

3.3.          Delivery of Class A-2
Interests.  

 

(a)           No Class A-2 Interest covered by
a Restricted Stock Unit shall be delivered to Executive until both (x) the
Restricted Stock Unit becomes a Vested Restricted Stock Unit and (y) each
of the following conditions precedent to delivery of such Class A-2
Interest shall have been satisfied in full, as determined in the sole
discretion of the Board:

 

(i)            One of the following events shall
have occurred:

 

4

 

(A)          a Change in Control that also
qualifies as a “change in the ownership or effective control of a corporation,
or a change in the ownership of a substantial portion of the assets of a
corporation” (as described in Code Section 409A and related guidance (“Section 409A”)) in respect of the
Partnership;  

 

(B)           Executive’s “separation from service”
from the Partnership and its Subsidiaries (as described in Section 409A);

 

(C)           August 23, 2013, regardless of
whether Executive is employed by the Company on such date;

 

(D)          Executive’s death or Disability (so
long as such Disability qualifies as a “disability” under Section 409A); or

 

(E)           if permissible under Section 409A
without the imposition of any additional tax in respect of, or current taxation
prior to actual delivery of, the Class A-2 Interests, the date that is 24
months following the occurrence of a Qualified Public Offering.

 

(ii)           Executive shall have paid to the
Company such amount as may be requested by the Partnership for purposes of
depositing any federal, state or local income or other taxes required by law to
be withheld with respect to the delivery of the Restricted Equity Units
(provided that this condition may be satisfied if Executive instead directs the
Company to withhold Class A-2 Interests to cover such required withholding
amounts).

 

(iii)          Executive (or Executive’s estate or
heirs) and, if applicable, the spouse of Executive (or Executive’s estate or
heirs) shall have executed and delivered to the Partnership an Addendum
Agreement pursuant to which Executive (or Executive’s estate or heirs) shall
have become a party to the Partnership Agreement and a Class A-2 Limited
Partner.

 

3.4.          Termination
of Restricted Equity Units. 

 

(a)           Subject to Section 3.1(b), Unvested
Restricted Equity Units shall be canceled if Executive’s employment with the
Company is terminated for any reason (including death or Disability).

 

(b)           Vested Restricted Equity Units shall
be canceled upon the occurrence of the following:

 

(i)            Executive’s breach of the provisions
of Section 5 of this Agreement (or any similar agreed-upon obligations of
Executive to the Company); or

 

(ii)           termination of Executive’s employment
with the Company for Cause.

 

5

 

3.5.          Partnership
Agreement.  Executive
acknowledges receipt of a copy of the Partnership Agreement and represents that
Executive understands that (a) the terms of Class A-2 Interests are set
forth in, and governed by, the Partnership Agreement, (b) Executive shall
have no rights in respect of such Class A-2 Interests (including any right
to receive distributions under the Partnership Agreement) until the Company
delivers such Class A-2 Interests pursuant to the terms hereof and
Executive becomes a Class A-2 Limited Partner pursuant to the Partnership
Agreement and (c) the Partnership Agreement may be amended or modified
from time to time prior to Executive becoming a party thereto pursuant to the
terms of the Partnership Agreement.  

 

SECTION 4

DISTRIBUTION EQUIVALENT RIGHTS

 

4.1.          Payments and Allocations
upon Distributions.  If on
any date while Restricted Equity Units are outstanding hereunder, the
Partnership shall make any distribution to holders of Class A Interests
pursuant to Article VIII of the Partnership Agreement, the Partnership
shall take the following actions: 

 

(a)           the Partnership shall cause the
Company to promptly pay Executive an amount, in respect of each Vested
Restricted Equity Unit, equal to the amount that would have been payable in
respect of the Class A-2 Interest underlying such Vested Restricted Equity
Unit if it were issued and outstanding on the date of such distribution (such
payment amount, the “Vested Distribution
Equivalent Payment”); and

 

(b)           the Partnership shall cause the
Company to allocate to a notional account for Executive (the “Notional Account”) an amount, in respect of
each Unvested Restricted Equity Unit, equal to the amount that would have been
payable in respect of the Class A-2 Interest underlying such Unvested
Restricted Equity Unit if it were issued and outstanding on the date of such
distribution. 

 

4.2.          Additional Payments upon
Vesting.  On any date that
any Unvested Restricted Equity Units become Vested Restricted Equity Units,
Executive shall be entitled to receive an amount (such amount, the “Unvested Distribution Equivalent Payment” and, together with
the Vested Distribution Equivalent Payment, the “Distribution
Equivalent Payment”) equal to the product of (x) all amounts
then credited to Executive’s Notional Account multiplied by (y) a
fraction, the numerator of which shall be the number of Restricted Equity Units
that became Vested Restricted Equity Units on such date and denominator of
which shall be the total number of Unvested Restricted Equity Units immediately
prior to such date.  Upon payment of any
Unvested Distribution Equivalent Payment, the amount credited to the Notional
Account shall be reduced thereby.

 

4.3.          Adjustments to Hypothetical
Capital Contribution. 
Upon payment of any Distribution Equivalent Payment, the hypothetical
Capital Contribution associated with Class A-2 Interests issued pursuant
to the Restricted Stock Units shall be reduced by such Distribution Equivalent
Payment (until such hypothetical amount shall equal zero, at which point it
shall not be further reduced).

 

6

 

4.4.          Withholding.  The Partnership and the Company shall have
the right and is hereby authorized to withhold from any Distribution Equivalent
Payment the amount of any applicable withholding taxes in respect of such
payment and to take such action as may be necessary in the opinion of the
Partnership or the Company to satisfy all obligations for the payment of such
taxes.  Notwithstanding the foregoing,
the Partnership shall, or shall cause one its Subsidiaries to, “gross-up”
Executive for any FICA/medicare withholding taxes that will be payable in
respect of the vesting of Restricted Equity Units (to the extent such taxes
would not otherwise have been payable by Executive during the applicable fiscal
year absent such vesting).

 

SECTION 5

NON-COMPETITION AND CONFIDENTIALITY

 

5.1.          Non-Competition.

 

(a)           From the date hereof while employed
by the Company and for a two-year period following the date Executive ceases to
be employed by the Company (the “Restricted Period”), irrespective of the
cause, manner or time of any termination, Executive shall not use his status
with any Company or any of its Affiliates to obtain loans, goods or services
from another organization on terms that would not be available to him in the
absence of his relationship to the Company or any of its Affiliates.

 

(b)           During the Restricted Period,
Executive shall not make any statements or perform any acts intended to or
which may have the effect of advancing the interest of any Competitors of the
Company or any of its Affiliates or in any way injuring the interests of the
Company or any of its Affiliates and the Company and its Affiliates shall not
make or authorize any person to make any statement that would in any way injure
the personal or business reputation or interests of Executive; provided
however, that, subject to Section 5.2, nothing herein shall preclude the
Company and its Affiliates or Executive from giving truthful testimony under
oath in response to a subpoena or other lawful process or truthful answers in
response to questions from a government investigation; provided, further,
however, that nothing herein shall prohibit the Company and its Affiliates from
disclosing the fact of any termination of Executive’s employment or the
circumstances for such a termination. 
For purposes of this Section 5.1(b), the term “Competitor” means any
enterprise or business that is engaged in, or has plans to engage in, at any
time during the Restricted Period, any activity that competes with the
businesses conducted during or at the termination of Executive’s employment, or
then proposed to be conducted, by the Company and its Affiliates in a manner
that is or would be material in relation to the businesses of the Company or
the prospects for the businesses of the Company (in each case, within 100 miles
of any geographical area where the Company or its Affiliates manufactures,
produces, sells, leases, rents, licenses or otherwise provides its products or
services).  During the Restricted Period,
Executive, without prior express written approval by the Board, shall not (A)
engage in, or directly or indirectly (whether for compensation or otherwise) manage,
operate, or control, or join or participate in the management, operation or
control of a Competitor, in any capacity (whether as an employee, officer,
director, partner, consultant, agent, advisor, or otherwise) or (B) develop,
expand or promote, or assist in the development, expansion or promotion of, any
division of an enterprise or the business intended to become a Competitor at
any time after the end of the Restricted Period or (C) own or hold a
Proprietary 

 

7

 

Interest in, or directly furnish any capital
to, any Competitor of the Company. 
Executive acknowledges that the Company’s and its Affiliates businesses
are conducted nationally and internationally and agrees that the provisions in
the foregoing sentence shall operate throughout the United States and the world
(subject to the definition of “Competitor”).

 

(c)           During the Restricted Period,
Executive, without express prior written approval from the Board, shall not
solicit any members or the then current clients of the Company or any of its
Affiliates for any existing business of the Company or any of its Affiliates or
discuss with any employee of the Company or any of its Affiliates information
or operations of any business intended to compete with the Company or any of
its Affiliates.

 

(d)           During the Restricted Period,
Executive shall not interfere with the employees or affairs of the Company or
any of its Affiliates or solicit or induce any person who is an employee of the
Company or any of its Affiliates to terminate any relationship such person may
have with the Company or any of its Affiliates, nor shall Executive during such
period directly or indirectly engage, employ or compensate, or cause or permit
any Person with which Executive may be Affiliated, to engage, employ or
compensate, any employee of the Company or any of its Affiliates.

 

(e)           For the purposes of this Agreement, “Proprietary
Interest” means any legal, equitable or other ownership, whether through stock
holding or otherwise, of an interest in a business, firm or entity; provided,
that ownership of less than 5% of any class of equity interest in a publicly
held company shall not be deemed a Proprietary Interest.

 

(f)            The period of time during which the
provisions of this Section 5.1 shall be in effect shall be extended by the
length of time during which Executive is in breach of the terms hereof as
determined by any court of competent jurisdiction on the Company’s application
for injunctive relief.

 

(g)           Executive
agrees that the restrictions contained in this Section 5.1 are an essential
element of the compensation Executive is granted hereunder and but for
Executive’s agreement to comply with such restrictions, the Company would not
have entered into this Agreement.

 

(h)           It
is expressly understood and agreed that although Executive and the Company
consider the restrictions contained in this Section 5.1 to be reasonable, if a
final judicial determination is made by a court of competent jurisdiction that
the time or territory or any other restriction contained in this Agreement is
an unenforceable restriction against Executive, the provisions of this
Agreement shall not be rendered void but shall be deemed amended to apply as to
such maximum time and territory and to such maximum extent as such court may
judicially determine or indicate to be enforceable.  Alternatively, if any court of competent
jurisdiction finds that any restriction contained in this Agreement is
unenforceable, and such restriction cannot be amended so as to make it
enforceable, such finding shall not affect the enforceability of any of the
other restrictions contained herein.

 

8

 

5.2.          Confidentiality.  

 

(a)           Executive will not at any time
(whether during or after Executive’s employment with the Company) (x) retain or
use for the benefit, purposes or account of Executive or any other Person; or
(y) disclose, divulge, reveal, communicate, share, transfer or provide access
to any Person outside the Company (other than its professional advisers who are
bound by confidentiality obligations), any non-public, proprietary or
confidential information (including without limitation trade secrets, know-how,
research and development, software, databases, inventions, processes, formulae,
technology, designs and other intellectual property, information concerning
finances, investments, profits, pricing, costs, products, services, vendors,
customers, clients, partners, investors, personnel, compensation, recruiting,
training, advertising, sales, marketing, promotions, government and regulatory
activities and approvals) concerning the past, current or future business,
activities and operations of the Company or its Affiliates and/or any third
party that has disclosed or provided any of same to the Company on a
confidential basis (“Confidential Information”) without the prior written
authorization of the Board.

 

(b)           “Confidential Information” shall not
include any information that is (i) generally known to the industry or the
public other than as a result of Executive’s breach of this covenant or any
breach of other confidentiality obligations by third parties; (ii) made
legitimately available to Executive by a third party without breach of any
confidentiality obligation; or (iii) required by law to be disclosed; provided
that Executive shall give prompt written notice to the Company of such
requirement, disclose no more information than is so required, and cooperate,
at the Company’s cost, with any attempts by the Company to obtain a protective
order or similar treatment.

 

(c)           Except
as required by law, Executive will not disclose to anyone, other than Executive’s
immediate family and legal or financial advisors, the existence or contents of
this Agreement (unless this Agreement shall be publicly available as a result
of a regulatory filing made by the Company or its Affiliates); provided
that Executive may disclose to any prospective future employer the provisions
of Section 5 of this Agreement provided they agree to maintain the confidentiality
of such terms.

 

(d)           Upon
termination of Executive’s employment with the Company for any reason,
Executive shall (x) cease and not thereafter commence use of any Confidential
Information or intellectual property (including without limitation, any patent,
invention, copyright, trade secret, trademark, trade name, logo, domain name or
other source indicator) owned or used by the Company or its Affiliates; (y)
immediately destroy, delete, or return to the Company, at the Company’s option,
all originals and copies in any form or medium (including memoranda, books,
papers, plans, computer files, letters and other data) in Executive’s
possession or control (including any of the foregoing stored or located in
Executive’s office, home, laptop or other computer, whether or not Company
property) that contain Confidential Information or otherwise relate to the
business of the Company and its Affiliates, except that Executive may retain
only those portions of any personal notes, notebooks and diaries that do not
contain any Confidential Information; and (z) notify and fully cooperate with
the Company regarding the delivery or destruction of any other Confidential
Information of which Executive is or becomes aware.   

 

9

 

5.3.          Intellectual Property.    

 

(a)           If
Executive has created, invented, designed, developed, contributed to or
improved any works of authorship, inventions, intellectual property, materials,
documents or other work product (including without limitation, research,
reports, software, databases, systems, applications, presentations, textual
works, content, or audiovisual materials) (“Works”), either alone or with third
parties, prior to Executive’s employment by the Company, that are relevant to
or implicated by such employment (“Prior Works”), Executive hereby grants the
Company a perpetual, non-exclusive, royalty-free, worldwide, assignable,
sublicensable license under all rights and intellectual property rights
(including rights under patent, industrial property, copyright, trademark,
trade secret, unfair competition and related laws) therein for all purposes in
connection with the Company’s current and future business.  

 

(b)           If
Executive creates, invents, designs, develops, contributes to or improves any Works,
either alone or with third parties, at any time during Executive’s employment
by the Company and within the scope of such employment and/or with the use of
any the Company resources (“Company Works”), Executive shall promptly and fully
disclose same to the Company and hereby irrevocably assigns, transfers and
conveys, to the maximum extent permitted by applicable law, all rights and
intellectual property rights therein (including rights under patent, industrial
property, copyright, trademark, trade secret, unfair competition and related
laws) to the Company to the extent ownership of any such rights does not vest
originally in the Company.  

 

(c)           Executive
agrees to keep and maintain adequate and current written records (in the form
of notes, sketches, drawings, and any other form or media requested by the
Company) of all Company Works.  The
records will be available to and remain the sole property and intellectual
property of the Company at all times.

 

(d)           Executive
shall take all requested actions and execute all requested documents (including
any licenses or assignments required by a government contract) at the Company’s
expense (but without further remuneration) to assist the Company in validating,
maintaining, protecting, enforcing, perfecting, recording, patenting or
registering any of the Company’s rights in the Prior Works and Company
Works.  If the Company is unable for any
other reason to secure Executive’s signature on any document for this purpose,
then Executive hereby irrevocably designates and appoints the Company and its
duly authorized officers and agents as Executive’s agent and attorney in fact,
to act for and in Executive’s behalf and stead to execute any documents and to
do all other lawfully permitted acts in connection with the foregoing.

 

(e)           Executive
shall not improperly use for the benefit of, bring to any premises of, divulge,
disclose, communicate, reveal, transfer or provide access to, or share with the
Company any confidential, proprietary or non-public information or intellectual
property relating to a former employer or other third party without the prior
written permission of such third party. 
Executive hereby indemnifies, holds harmless and agrees to defend the
Company and its officers, directors, partners, employees, agents and
representatives from any breach of the foregoing covenant.  Executive shall comply with all relevant
policies and guidelines of the Company, including regarding the protection of
confidential information and intellectual 

 

10

 

property and potential conflicts of
interest.  Executive acknowledges that
the Company may amend any such policies and guidelines from time to time, and
that Executive remains at all times bound by their most current version.  

 

5.4.          Specific Performance.  Executive acknowledges and agrees that the
Partnership’s remedies at law for a breach or threatened breach of any of the
provisions of this Section 5 would be inadequate and the Partnership would
suffer irreparable damages as a result of such breach or threatened
breach.  In recognition of this fact,
Executive agrees that, in the event of such a breach or threatened breach, in
addition to any remedies at law, the Partnership, without posting any bond,
shall be entitled to cease making any payments or providing any benefit
otherwise required by this Agreement and obtain equitable relief in the form of
specific performance, temporary restraining order, temporary or permanent
injunction or any other equitable remedy which may then be available.  Without limiting the generality of the
foregoing, neither party shall oppose any motion the other party may make for
any expedited discovery or hearing in connection with any alleged breach of
this Section 5.

 

5.5.          Survival.  The provisions of this Section 5 shall
survive the termination of Executive’s employment for any reason.

 

SECTION 6

MISCELLANEOUS

 

6.1.          Tax
Issues.  THE ISSUANCE OF
THE RESTRICTED EQUITY UNITS TO EXECUTIVE AND/OR THE DELIVERY OF THE
CLASS A-2 INTERESTS PURSUANT TO THIS AGREEMENT INVOLVES COMPLEX AND
SUBSTANTIAL TAX CONSIDERATIONS. 
EXECUTIVE ACKNOWLEDGES THAT HE HAS CONSULTED HIS OWN TAX ADVISOR WITH
RESPECT TO THE TRANSACTIONS DESCRIBED IN THIS AGREEMENT.  THE COMPANY MAKES NO
WARRANTIES OR REPRESENTATIONS WHATSOEVER TO EXECUTIVE REGARDING THE TAX
CONSEQUENCES OF EXECUTIVE’S RECEIPT OF THE RESTRICTED EQUITY UNITS AND/OR
CLASS A-2 INTERESTS OR THIS AGREEMENT.  EXECUTIVE ACKNOWLEDGES AND AGREES THAT
EXECUTIVE SHALL BE SOLELY RESPONSIBLE FOR ANY TAXES ON THE RESTRICTED EQUITY UNITS
AND SHALL HOLD THE COMPANY, ITS OFFICERS, DIRECTORS AND EMPLOYEES HARMLESS FROM
ANY LIABILITY ARISING FROM ANY TAXES INCURRED BY EXECUTIVE IN CONNECTION WITH
THE RESTRICTED EQUITY UNITS.

 

6.2.          Compliance with IRC
Section 409A.  Notwithstanding anything herein to the
contrary, (i) if at the time Executive is a “specified employee” as defined in
Section 409A and the deferral of the commencement of any payments or benefits
otherwise payable hereunder is necessary in order to prevent any accelerated or
additional tax under Section 409A, then the Company will defer the commencement
of the payment of any such payments or benefits hereunder (without any
reduction in such payments or benefits ultimately paid or provided to
Executive) until the date that is six months following Executive’s termination
of employment with the Company (or the earliest date as is permitted under
Section 409A) and (ii) if any other payments of money or other benefits due to
Executive hereunder could cause the application of 

 

11

 

an
accelerated or additional tax under Section 409A, such payments or other
benefits shall be deferred if deferral will make such payment or other benefits
compliant under Section 409A, or otherwise such payment or other benefits shall
be restructured, to the extent possible, in a manner, determined by the Board,
that does not cause such an accelerated or additional tax.  The Company shall consult with Executive in
good faith regarding the implementation of the provisions of this Section 6.2;
provided that neither the Company nor any of its employees or representatives
shall have any liability to Executive with respect to thereto.

 

6.3.          Employment
of Executive.  Executive
acknowledges that he is employed by the Partnership or its Affiliates subject
to the terms of his employment agreement with the Partnership (if any).   Any
change of Executive’s duties as an employee of the Company shall not result in
a modification of the terms of this Agreement.

 

6.4.          Equitable Adjustments.  Notwithstanding any other provisions in this
Agreement, the Partnership Agreement or the Plan to the contrary, in the event
of any change in the outstanding Interests after the date hereof by reason of
any equity dividend or split, reorganization, recapitalization, merger,
consolidation, spin-off, combination, combination or transaction or exchange of
Interests or other corporate exchange, or any distribution to Partners of
equity or cash (other than regular cash distributions) or any transaction
similar to the foregoing (regardless of whether outstanding Interests are
changed) (collectively, “Adjustment Events”),
the General Partner in its sole discretion and without liability to any Person
shall make such substitution or adjustment, if any, as it deems to be equitable
(taking into consideration such matters, without limitation, as relative value
of each class of Interests and the Restricted Equity Units, status of vesting
and the nature of the Adjustment Event and its impact on the Interests and the
Restricted Equity Units) to the Management Limited Partners as a group, as to
(i) the number or kind of Interests or other securities issued or reserved for
issuance under the Partnership Agreement in respect of Restricted Equity Units,
(ii) the vesting terms under this Agreement, (iii) the distribution
priorities contained in the Partnership Agreement and/or (iv) any other
affected terms hereunder.

 

6.5.          Calculation
of Benefits.  Neither the
Restricted Equity Units nor the Class A-2 Interests shall be deemed
compensation for purposes of computing benefits or contributions under any
retirement plan of the Company and shall not affect any benefits, or
contributions to benefits, under any other benefit plan of any kind now or
subsequently in effect under which the availability or amount of benefits or
contributions is related to level of compensation.

 

6.6.          Setoff.  The Partnership’s obligation to pay Executive
the amounts provided and to make the arrangements provided hereunder and under
the Partnership Agreement shall be subject to set off, counterclaim or
recoupment of amounts owed by such Executive (or any Affiliate of such
Executive (or any of its Relatives) that is Controlled by such Executive (or
any of its Relatives)) to the Partnership or its Affiliates (including without
limitation amounts owed pursuant to the Partnership Agreement).

 

6.7.          Remedies.

 

(a)           The rights and remedies provided by
this Agreement are cumulative and the use of any one right or remedy by any
party shall not preclude or waive its right to use any or 

 

12

 

all other remedies.  These rights and remedies are given in
addition to any other rights the parties may have at law or in equity.

 

(b)           Except where a time period is
otherwise specified, no delay on the part of any party in the exercise of any
right, power, privilege or remedy hereunder shall operate as a waiver thereof,
nor shall any exercise or partial exercise of any such right, power, privilege
or remedy preclude any further exercise thereof or the exercise of any right,
power, privilege or remedy.

 

6.8.          Waivers
and Amendments.  The
respective rights and obligations of the Partnership and Executive under this
Agreement may be waived (either generally or in a particular instance, either
retroactively or prospectively, and either for a specified period of time or
indefinitely) by such respective party. 
This Agreement may be amended only with the written consent of a duly
authorized representative of the Partnership and Executive.

 

6.9.          Governing
Law.  This Agreement shall
be governed by and construed in accordance with the laws of the State of New
York.

 

6.10.        CONSENT TO JURISDICTION.

 

(a)           EACH
OF THE PARTIES HERETO HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION OF ALL
STATE AND FEDERAL COURTS LOCATED IN THE STATE OF NEW YORK, AS WELL AS TO THE
JURISDICTION OF ALL COURTS TO WHICH AN APPEAL MAY BE TAKEN FROM SUCH COURTS,
FOR THE PURPOSE OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF, OR IN
CONNECTION WITH, THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY,
INCLUDING, WITHOUT LIMITATION, ANY PROCEEDING RELATING TO ANCILLARY MEASURES IN
AID OF ARBITRATION, PROVISIONAL REMEDIES AND INTERIM RELIEF, OR ANY PROCEEDING
TO ENFORCE ANY ARBITRAL DECISION OR AWARD. 
EACH PARTY HEREBY EXPRESSLY WAIVES ANY AND ALL RIGHTS TO BRING ANY SUIT,
ACTION OR OTHER PROCEEDING IN OR BEFORE ANY COURT OR TRIBUNAL OTHER THAN THE
COURTS DESCRIBED ABOVE AND COVENANTS THAT IT SHALL NOT SEEK IN ANY MANNER TO
RESOLVE ANY DISPUTE OTHER THAN AS SET FORTH IN THIS SECTION 6.10 OR TO
CHALLENGE OR SET ASIDE ANY DECISION, AWARD OR JUDGMENT OBTAINED IN ACCORDANCE
WITH THE PROVISIONS HEREOF.

 

(b)           EACH
OF THE PARTIES HERETO HEREBY EXPRESSLY WAIVES ANY AND ALL OBJECTIONS IT MAY
HAVE TO VENUE, INCLUDING, WITHOUT LIMITATION, THE INCONVENIENCE OF SUCH FORUM,
IN ANY OF SUCH COURTS.  IN ADDITION, EACH
OF THE PARTIES CONSENTS TO THE SERVICE OF PROCESS BY PERSONAL SERVICE OR ANY
MANNER IN WHICH NOTICES MAY BE DELIVERED HEREUNDER IN ACCORDANCE WITH SECTION
6.14 OF THIS AGREEMENT.

 

13

 

6.11.        Waiver
of Jury Trial.  EACH OF
THE PARTIES HERETO HEREBY VOLUNTARILY AND IRREVOCABLY WAIVES TRIAL BY JURY IN
ANY ACTION OR OTHER PROCEEDING BROUGHT IN CONNECTION WITH THIS AGREEMENT, ANY
OF THE OTHER DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY.

 

6.12.        Successors
and Assigns.  Except as
otherwise expressly provided herein, the provisions hereof shall inure to the
benefit of, and be binding upon, the successors, assigns, heirs, executors and
administrators of the parties hereto.

 

6.13.        Entire Agreement.  This Agreement and the Other Documents
constitute the full and entire understanding and agreement of the parties with
regard to the subjects hereof and supersedes in their entirety all other prior
agreements, whether oral or written, with respect thereto.  This Agreement supersedes all prior agreements and
understandings (including verbal agreements) between Executive and the Company
regarding grants of equity, equity-based or equity-related rights or
instruments in any Company (including, for the avoidance of doubt, any rights
promised by Cendant Corporation or its Affiliates in respect of any Company,
except other agreements entered into on the date hereof with respect to limited
partnership interests in the Partnership.

 

6.14.        Notices.  All demands, notices, requests, consents and
other communications required or permitted under this Agreement shall be in
writing and shall be personally delivered or sent by facsimile machine (with a
confirmation copy sent by one of the other methods authorized in this Section 6.14), reputable commercial
overnight delivery service (including Federal Express and U.S. Postal Service
overnight delivery service) or, deposited with the U.S. Postal Service mailed
first class, registered or certified mail, postage prepaid, as set forth below:

 

If to the
Partnership, addressed to:

 

TDS Investor
(Cayman) L.P.

c/o Travelport Inc.

9 West 57th Street

New York, NY  10019

Attention:  Eric Bock, General Counsel

Fax:  (212) 413-1922

 

with a copy
which shall not constitute notice to:

 

The Blackstone
Group

345 Park Avenue

New York, New York 10154

Attention: Chip Schorr

Fax: +1 212 583 5712

 

14

 

with a copy
which shall not constitute notice to:

 

Simpson
Thacher & Bartlett LLP

425 Lexington Ave.

New York, NY 10017

Attention:  William Curbow and Greg
Grogan

Fax:  (212) 455-2502

 

If to
Executive, to the address set forth on the signature page of this Agreement or
at the current address listed in the Partnership’s records.

 

Notices shall
be deemed given upon the earlier to occur of (i) receipt by the party to
whom such notice is directed; (ii) if sent by facsimile machine, on the
day (other than a Saturday, Sunday or legal holiday in the jurisdiction to
which such notice is directed) such notice is sent if sent (as evidenced by the
facsimile confirmed receipt) prior to 5:00 p.m. Eastern Time and, if sent
after 5:00 p.m. Eastern Time, on the day (other than a Saturday, Sunday or
legal holiday in the jurisdiction to which such notice is directed) after which
such notice is sent; (iii) on the first business day (other than a
Saturday, Sunday or legal holiday in the jurisdiction to which such notice is
directed) following the day the same is deposited with the commercial courier
if sent by commercial overnight delivery service; or (iv) the fifth day
(other than a Saturday, Sunday or legal holiday in the jurisdiction to which
such notice is directed) following deposit thereof with the U.S. Postal Service
as aforesaid.  Each party, by notice duly
given in accordance therewith, may specify a different address for the giving
of any notice hereunder.

 

6.15.        No
Third Party Beneficiaries. 
There are no third party beneficiaries of this Agreement.

 

6.16.        Agreement
Subject to Partnership Agreement and Plan.  By entering into this Agreement, Executive
agrees and acknowledges that Executive has received and read a copy of the
Partnership Agreement and the Plan and that the Restricted Equity Units are
subject to the Partnership Agreement and the Plan.  The terms and provisions of the Partnership
Agreement and Plan as may be amended from time to time are hereby incorporated
by reference.  In the event of a conflict
between any term or provision contained herein and a term or provision of the
Partnership Agreement or the Plan, the applicable terms and provisions of the
Partnership Agreement or the Plan will govern and prevail.

 

6.17.        Severability; Titles and
Subtitles; Gender; Singular and Plural; Counterparts; Facsimile.

 

(a)           In case any provision of this
Agreement shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions of this Agreement shall not in
any way be affected or impaired thereby.

 

(b)           The titles of the sections and
subsections of this Agreement are for convenience of reference only and are not
to be considered in construing this Agreement.

 

15

 

(c)           The use of any gender in this
Agreement shall be deemed to include the other genders, and the use of the
singular in this Agreement shall be deemed to include the plural (and vice
versa), wherever appropriate.

 

(d)           This Agreement may be executed in any
number of counterparts, each of which shall be an original, but all of which
together constitute one instrument.

 

(e)           Counterparts of this Agreement (or
applicable signature pages hereof) that are manually signed and delivered by
facsimile transmission shall be deemed to constitute signed original
counterparts hereof and shall bind the parties signing and delivering in such
manner.

 

16

 

IN WITNESS
WHEREOF, the Partnership and Executive have executed this Agreement as of the
day and year first written above.

 

	
   

  	
  COMPANY:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TDS Investor (Cayman) L.P.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TDS Investor (Cayman) GP Ltd.,

  	
   

  
	
   

  	
   

  	
  its general partner

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric Bock

  	
   

  
	
   

  	
  Name:

  	
  Eric Bock

  	
   

  
	
   

  	
  Title:

  	
  Executive Vice President and

  	
   

  
	
   

  	
   

  	
  Assistant Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EXECUTIVE:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Gordon Wilson

  	
   

  
	
   

  	
  Name: Gordon Wilson

  	
   

  
					

 

 

Exhibit A
–Interest Plan

 

(Distributed
Separately)

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