Document:

Exhibit

Exhibit 10.28

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made as of this 27th day of December, 2017, by and between GP Strategies Corporation, a Delaware corporation with its principal place of business at  11000 Broken Land Parkway, Suite 200, Columbia, Maryland 21044 (“GP Strategies”), and Russell Becker, with a residence at 6610 South Face Circle, Lincoln, Nebraska 68512 (“Employee”).

Background

GP Strategies desires to hire and employ Employee to perform services for GP Strategies, and Employee desires to accept such employment and perform such services, on the terms set forth in this Agreement.

Agreement

GP Strategies and Employee agree that:

		
	1.
	TERM OF AGREEMENT. This Agreement will become effective when it is signed by the last of the parties and will remain in effect until the expiration of all obligations hereunder.

		
	2.
	EMPLOYMENT PERIOD. Employee’s employment under this Agreement will run from January 2, 2018 until the expiration or termination of such employment under section 5 (TERM; TERMINATION) (the “Employment Period”).

		
	3.
	DUTIES. Employee shall serve as a Executive Vice President and Chief Sales Officer, reporting directly to the President of GP Strategies (the “Direct Supervisor”) (or any person appointed by GP Strategies as the Direct Supervisor’s successor) and shall perform the duties normally associated with such position and such other responsibilities consistent with Employee’s ability, qualifications and experience that GP Strategies may designate from time to time. Employee shall devote all of Employee’s business time and attention to the performance of Employee’s duties under this Agreement and to the promotion and advancement of the business interests of GP Strategies. Employee shall comply with all applicable laws, rules, and regulations, and with the policies and procedures of GP Strategies. Employee will be located in the Lincoln, Nebraska area but Employee shall travel as the needs of GP Strategies reasonably require.

		
	4.
	COMPENSATION AND BENEFITS.

		
	4.1.
	SALARY. GP Strategies shall pay Employee $300,000 annually (and as it may be adjusted hereunder, the “Base Salary”) at such intervals as salaries are paid generally to other similarly situated employees. The Base Salary will be reviewed and subject to adjustment in accordance with GP Strategies’ policy. During any period in which Employee is eligible to receive salary replacement payments under the provisions of any benefit plan(s) sponsored or maintained by GP Strategies, the Base Salary will be reduced by an amount equal to the amount of benefits paid or payable under such plan(s).

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	4.2.
	EMPLOYEE BENEFITS. Employee is eligible to participate in all employee benefit plans maintained by GP Strategies for similarly situated employees, subject to the terms and conditions of the plans. GP Strategies may modify, alter, terminate or otherwise change any benefit plan it has in effect at any time, to the extent permitted by law.

		
	4.3.
	TAX WITHHOLDING. GP Strategies may withhold from any salary, bonus or other compensation payable to Employee such federal, state or local taxes as are required to be withheld pursuant to any applicable law or regulation, and may withhold for other lawful, normal deductions for benefits and as otherwise agreed by the parties.

		
	4.4.
	INCENTIVE COMPENSATION. Employee may participate in any incentive plan maintained by GP Strategies for similarly situated employees, subject to the terms and conditions of the plans. GP Strategies may modify, alter, terminate or otherwise change any benefit plan it has in effect at any time, to the extent permitted by law. Employee will participate in GP Strategies’ Short Term Incentive Plan with an initial maximum bonus of 50% of Base Salary in accordance with the terms of that plan. Employee will participate in GP Strategies’ Long Term Incentive Plan with an initial annual grant target of 75% of Base Salary in accordance with the terms of that plan. Incentive compensation shall only be payable if Employee remains an employee of GP Strategies at the time that the compensation is to be distributed under the terms of the applicable plan.

		
	4.5.
	RESTRICTED STOCK GRANT. Within thirty (30) days after the effective date of this Agreement and subject to approval of the Board of Directors of GP Strategies, GP Strategies shall grant to Employee restricted stock units for shares of Common Stock of GP Strategies with a value of $75,000 as of the date of Board of Directors approval, pursuant to GP Strategies’ Stock Incentive Plan (the “Plan”). This grant will be subject to the provisions of the Plan and shall be on the terms and conditions, and subject to the restrictions, set forth herein and in the form of grant agreement used by GP Strategies at the time of such grant.

		
	5.
	EMPLOYMENT PERIOD; TERMINATION.

		
	5.1.
	EMPLOYMENT PERIOD. The Employment Period will end when it is terminated under sections 5.2 through 5.6. After the end of the Employment Period, the provisions of this Agreement other than sections 6 through 11 will be of no effect. Sections 6 through 11 will remain in effect until expiration in accordance with their respective terms.

		
	5.2.
	TERMINATION BY GP STRATEGIES FOR CAUSE.

		
	5.2.1.
	GP Strategies may terminate Employee’s employment immediately for Cause.

		
	5.2.2.
	“Cause” means:

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	5.2.2.1.
	Employee’s representation in Section 6.1 is not true or GP Strategies is not reasonably satisfied with the results of the background screening and reference checks conducted as part of on-boarding employee.

		
	5.2.2.2.
	Employee is indicted for, charged with, convicted of, pleads guilty to, or enters a plea of nolo contendere to a felony or other crime which could reasonably be expected to have a significant detrimental impact on GP Strategies’ reputation;

		
	5.2.2.3.
	Employee commits (or indicates an intention to commit) or omits taking any action in bad faith and to the detriment of GP Strategies (including, without limitation, dishonesty, lack of integrity or candor, acts of embezzlement, misappropriation of funds, bribery, harassment or unlawful discrimination);

		
	5.2.2.4.
	Employee (1) fails, refuses or indicates an intention to fail, to perform Employee’s duties or obligations under any provision of this Agreement (other than sections 6 through 9) in any material respect and (2) does not correct the failure within 10 business days after receipt of written notice thereof; or

		
	5.2.2.5.
	Employee fails, refuses or indicates an intention to fail, to perform Employee’s duties or obligations under sections 6 through 9, breaches Employee’s fiduciary duties to GP Strategies under applicable law, or engages in any act in violation of a policy of GP Strategies that permits immediate termination of an employee’s employment.

		
	5.3.
	TERMINATION BY EMPLOYEE FOR GOOD REASON.

		
	5.3.1.
	Employee may terminate Employee’s employment under this Agreement immediately for Good Reason.

		
	5.3.2.
	“Good Reason” means:

		
	5.3.2.1.
	GP Strategies reduces, without the express written consent of Employee, Employee’s Base Salary and fails to restore such Base Salary to its previous level within 30 days after receipt of written notice from Employee;

		
	5.3.2.2.
	GP Strategies fails to make any material payment, or provide any material benefit to Employee, contemplated hereunder, and does not correct any such failure within 10 business days after receipt of written notice from Employee; or

		
	5.3.2.3.
	GP Strategies breaches any other material term of this Agreement and does not correct such failure or breach within 30 days after written notice from Employee.

		
	5.4.
	TERMINATION BY GP STRATEGIES OTHER THAN FOR CAUSE. GP Strategies may terminate Employee’s employment other than for Cause at any time by delivering written notice to 

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Employee stating the date of termination and if such notice states a termination date less than six months from the notice date GP Strategies shall comply with section 5.7.2.

		
	5.5.
	TERMINATION BY EMPLOYEE OTHER THAN FOR GOOD REASON.

		
	5.5.1.
	Employee may terminate Employee’s employment other than for Good Reason at any time by giving written notice to GP Strategies at least six months before the intended termination date.

		
	5.5.2.
	If Employee delivers such notice, GP Strategies may terminate Employee’s employment immediately or on another date before the date stated by Employee in the notice, in which case GP Strategies will comply with section 5.7.3.

		
	5.6.
	AUTOMATIC TERMINATION. Employee’s employment will terminate automatically upon:

		
	5.6.1.
	Death of Employee; or

		
	5.6.2.
	if, as a result of a serious health condition (as defined in the Family and Medical Leave Act of 1993) and after giving effect to any reasonable accommodation required by law, Employee is physically or mentally incapacitated or disabled or otherwise unable fully to discharge his/her duties hereunder for a period of 90 consecutive days.

		
	5.7.
	COMPENSATION UPON TERMINATION.

		
	5.7.1.
	 TERMINATION BY GP STRATEGIES FOR CAUSE. If GP Strategies terminates Employee’s employment for Cause then GP Strategies shall pay a pro rata portion of the Base Salary through the date of termination only and, except as provided by law or the terms of the applicable benefit plan, provide the other benefits set forth in section 4 through the date of termination only.

		
	5.7.2.
	 TERMINATION BY EMPLOYEE FOR GOOD REASON OR BY GP STRATEGIES OTHER THAN FOR CAUSE.

		
	5.7.2.1.
	If Employee terminates Employee’s employment for Good Reason or GP Strategies terminates Employee’s employment other than for Cause, and the conditions of section 5.7.2.6 are satisfied, then from the date of termination until six months after the date of termination (the “Severance Period”):

		
	5.7.2.1.1.
	GP Strategies shall pay a pro rata portion of the Base Salary at the rate in effect on the date of termination (however, if the termination is by Employee for Good Reason as the result of a decrease in Base Salary, Base Salary as in effect prior to the decrease will be paid), at such intervals as salaries are paid generally to similarly situated employees of GP Strategies; and

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	5.7.2.1.2.
	GP Strategies shall, at its option, provide Employee with either (a) the benefits Employee would have received under section 4 had his/her employment not terminated or (b) the cash value of GP Strategies’ contribution to the cost of such benefits that would have been made had Employee’s employment not terminated.

		
	5.7.2.2.
	If GP Strategies terminates Employee’s employment for Cause and its notice of termination states a termination date other than the date of the notice, then the Severance Period will be reduced by the length of the period between the date of the notice and the date of termination.

		
	5.7.2.3.
	If Employee does not remain in full compliance with sections 6 through 9 then GP Strategies’ obligations under this section will terminate.

		
	5.7.2.4.
	In consideration of the compensation described in this section 5.7.2 (the “Severance Payments”), Employee shall sign and return to GP Strategies a timely and effective release of claims in form reasonably satisfactory to GP Strategies releasing any claims arising out of this Agreement (except for Severance Payments and other post-employment benefits or compensation owed by GP Strategies to the Employee), Employee’s employment and/or the termination thereof (the “Release of Claims”).

		
	5.7.2.5.
	GP Strategies advises Employee to seek the advice of an attorney before signing the Release of Claims.

		
	5.7.2.6.
	GP Strategies’ obligation to make Severance Payments is conditioned on (a) Employee being in compliance with his/her obligations under sections 6 through 9, (b) Employee signing and delivering (and not revoking) the Release of Claims and (c) the expiration of all waiting periods stated in the Release of Claims before the 60th day after Employee’s termination date; provided that GP Strategies shall notify Employee in writing of Employee’s obligation hereunder and provide to Employee the form of Release of Claims within twenty-one (21) days following Employee’s termination date.

		
	5.7.2.7.
	If Employee satisfies the terms of section 5.7.2.6 then GP Strategies shall begin payment of the Severance Payments on the first regular payroll date (or as soon as practicable) after the expiration of all applicable waiting periods. This first payment will include any Severance Payments for any portion of the Severance Period that GP Strategies withheld pending expiration of the last applicable waiting period.

		
	5.7.3.
	 TERMINATION BY EMPLOYEE OTHER THAN FOR GOOD REASON. If Employee terminates Employee’s employment other than for Good Reason and GP Strategies elects to terminate Employee’s employment before the date stated in Employee’s notice, then GP Strategies shall:

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	5.7.3.1.
	continue to provide Employee with the compensation described in section 4 through the date of termination selected by GP Strategies; and

		
	5.7.3.2.
	from the date of termination until the date stated in Employee’s notice (but in no event for a period that is longer than six months from the date of the notice) pay a pro rata portion of the Base Salary at the rate in effect on the date of termination, at such intervals as salaries are paid generally to similarly situated employees of GP Strategies and provide Employee, at GP Strategies’ option, with either: 

		
	5.7.3.2.1.
	the benefits Employee would have received under section 4 had his/her employment not terminated; or

		
	5.7.3.2.2.
	the cash value of GP Strategies’ contribution to the cost of such benefits that would have been made had Employee’s employment not terminated.

		
	5.7.4.
	OTHER TERMINATIONS. If Employee’s employment is terminated under section 5.6 then GP Strategies shall pay a pro rata portion of his/her Base Salary through the date of termination only, and, except as provided by law or the terms of the applicable benefit plan, Employee shall continue to receive the other benefits set forth in section 4 through the date of termination only.

		
	5.7.5.
	DETERMINATION OF BENEFIT VALUE.  Where this section 5.7 provides for payments based upon the cash value of GP Strategies’ contribution(s) to any employee benefits, GP Strategies’ good faith determination of such value shall be presumed accurate absent obvious error. 

		
	5.7.6.
	TERMINATION OF CERTAIN BENEFITS.  Notwithstanding anything to the contrary in this Agreement, upon termination of Employee’s employment, regardless of the reason or circumstances, the Employee’s active participation in the GP Retirement Savings Plan shall end and the Employee shall cease to receive employer matching contributions except with respect to employee deferrals made prior to termination of his/her employment. 

		
	6.
	REPRESENTATIONS BY EMPLOYEE. Employee represents that:

		
	6.1.
	Employee is under no contractual or other restriction or obligation which is inconsistent with the execution of this Agreement, the performance of Employee’s duties hereunder, or the other rights of GP Strategies hereunder;

		
	6.2.
	Employee understands that he/she will occupy a position of trust and confidence with GP Strategies and become familiar with the Trade Secrets and the Confidential Information (each as defined below);

		
	6.3.
	GP Strategies’ products and services are marketed worldwide;

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	6.4.
	GP Strategies competes with other businesses that are or could be located in any part of the world;

		
	6.5.
	The provisions of sections 6 through 9 are reasonable and necessary to protect and preserve GP Strategies’ legitimate business interests;

		
	6.6.
	The provisions of sections 6 through 9 will not prevent Employee from obtaining other suitable employment during the period in which Employee is bound by the covenants;

		
	6.7.
	GP Strategies would be irreparably damaged if Employee were to breach the covenants set forth in Sections 6 through 9; and

		
	6.8.
	Employee has had the opportunity to consult with an attorney prior to entering into this Agreement.

		
	7.
	CONFIDENTIAL INFORMATION.

		
	7.1.
	DEFINITIONS.

		
	7.1.1.
	“Confidential Information” means all technical or business information furnished or disclosed, in whatever form or medium, by GP Strategies to Employee or discovered or created by Employee in the course of his/her employment by GP Strategies (other than Excluded Information). Confidential Information includes, without limitation, all Trade Secrets, financial results, prospects, strategic planning information, research and development activities, forecasts, financial information, customer, consultant and supplier lists and information, all prospective customer, consultant and supplier lists and information, pricing, sales, marketing techniques, procedures, designs, systems, improvements, processes, specifications, operations, and know-how.

		
	7.1.2.
	“Excluded Information” means any information which (a) Employee can show by clear and convincing evidence was in his/her possession prior to receipt thereof from GP Strategies, or (b) is generally publicly known at the time of receipt from GP Strategies or which subsequently becomes generally publicly known other than as a direct or indirect result of the breach of this Agreement by Employee.

		
	7.1.3.
	“Trade Secrets” means all information used in the conduct of GP Strategies’ business that would be deemed “trade secrets” within the meaning of the Maryland Uniform Trade Secrets Act (the “Act”).

		
	7.2.
	DUTY TO MAINTAIN SECRECY AND CONFIDENTIALITY. During and after the Employment Period, Employee shall maintain the secrecy and confidentiality of the Trade Secrets and the Confidential Information. If Employee is required to disclose Confidential Information pursuant to a subpoena, court order, statute, law, rule, regulation or other similar requirement (a “Legal Requirement”), then Employee shall provide prompt notice of such Legal Requirement to GP 

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Strategies to the extent permitted by law. Employee shall take reasonable steps to assist GP Strategies in contesting such Legal Requirement and in obtaining a protective order or otherwise protecting GP Strategies’ rights with respect to such Confidential Information to the extent permitted by law. This Agreement does not prohibit Employee from reporting possible violations of law or regulation to any governmental agency or entity or making any disclosures protected under the whistleblower provisions of any applicable law or regulation. Employee does not need the prior authorization of GP Strategies to make any such reports or disclosures and is not required to notify GP Strategies that Employee has made such reports or disclosures.

		
	7.3.
	PROPERTY OF GP STRATEGIES. All Trade Secrets, all Confidential Information and all books, documents, lists and records pertaining to GP Strategies’ business (collectively, the “Records”), whether or not prepared by Employee and regardless of storage medium, are the sole and exclusive property of GP Strategies.

		
	7.4.
	MISAPPROPRIATION NOT PERMITTED. During and after the Employment Period, Employee shall not (a) divulge, furnish or make accessible to anyone (other than in the ordinary course of GP Strategies’ business) or in any way use, for Employee’s own benefit or for the benefit of any other individual, firm or entity, any Trade Secret or any Confidential Information, (b) take or permit any action to be taken which would reduce the value of the Trade Secrets or the Confidential Information to GP Strategies or (c) otherwise misappropriate or permit the misappropriation of the Trade Secrets or the Confidential Information. Nothing in this Agreement is intended to conflict with 18 USC § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 USC § 1833(b).

		
	7.5.
	RETURN OF RECORDS. At the end of the Employment Period, Employee shall promptly return to GP Strategies all Records and copies thereof which are in Employee’s possession or control without retaining any copies thereof.

		
	8.
	INTELLECTUAL PROPERTY RIGHTS.

		
	8.1.
	DEFINITIONS. “Innovations” means all processes, improvements, inventions (whether or not protectable under patent laws), works of authorship, inventions, intellectual property, materials, documents or information fixed in any tangible medium of expression (whether or not protectable under copyright laws), either alone or with third parties, moral rights, mask works, trademarks, trade names, trade dress, Trade Secrets, “know how”, ideas (whether or not protectable under trade secret laws), and all other subject matter relative to any of the foregoing, whether or not protectable under patent, copyright, moral right, mask work, trademark, trade secret or other laws, and includes without limitation all new or useful art, combinations, discoveries, formulae, manufacturing techniques, technical developments, discoveries, artwork, software, and designs. “Innovations” includes “Inventions,” which means any inventions protected under patent laws, and “Derivative Works,” which means any derivative works protected under copyright laws.

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	8.2.
	DISCLOSURE. Employee shall disclose in writing to GP Strategies any Innovation solely or jointly conceived or reduced to practice by Employee during the Employment Period (a) during regular working hours or (b) outside of regular working hours to the extent (1) the Innovation relates to GP Strategies’ businesses or any reasonable expansion thereof or (2) was created using any resources of GP Strategies (“GP Strategies Innovations”).

		
	8.3.
	OWNERSHIP. All GP Strategies Innovations are the property of GP Strategies. Employee shall assign and hereby does irrevocably assign, transfer, and convey to the maximum extent permitted by applicable law all rights to any such GP Strategies Innovations to GP Strategies. Innovations relating to Employee’s activities during the Employment Period and conceived, reduced to practice, created, derived, developed, or made by Employee, alone or with others, within 6 months after the Employment Period may have been conceived, reduced to practice, created, derived, developed, or made, as applicable, in significant part during the Employment Period. Accordingly, such Innovations will be presumed to have been conceived, reduced to practice, created, derived, developed, or made, as applicable, during the Employment Period and Employee hereby assigns any such Innovations to GP Strategies unless Employee can establish the contrary by written evidence satisfying the clear and convincing standard of proof. Employee shall provide all reasonable assistance as may be necessary to vest in GP Strategies any rights in any Innovations granted to GP Strategies by this Agreement.

		
	9.
	COVENANTS OF NON-COMPETITION AND NON-SOLICITATION.

		
	9.1.
	NON-COMPETITION. During the Employment Period and for six months after the end of the Employment Period (the “Non-Competition Period”), Employee shall not, directly or by assisting any other individual or entity, anywhere in the world  (the “Territory”) conduct any business that competes with the business conducted by GP Strategies (the “Prohibited Business”) with:

		
	9.1.1.1.
	any party who is a customer of GP Strategies for Prohibited Business at the end of the Employment Period and with whom Employee had contact, supervised other persons who had contact, or about whom Employee had access to Confidential Information;

		
	9.1.1.2.
	any party that was a customer of GP Strategies for Prohibited Business within the 12 months before the end of the Employment Period and with whom Employee had contact, supervised other persons who had contact, or about whom Employee had access to Confidential Information; and

		
	9.1.3
	any potential customer of GP Strategies with which GP Strategies has initiated discussions relating to Prohibited Business within the 12 months before the end of the Employment Period and with whom Employee had contact, supervised other persons who had contact, or about whom Employee had access to Confidential Information.

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	9.2.
	NON-SOLICITATION. During the Employment Period and for 12 months after the end of the Employment Period (the “Non-Solicitation Period”), Employee shall not, directly or by assisting an another individual or entity:

		
	9.2.1.
	induce or attempt to induce any employee of GP Strategies or any subsidiary or affiliate of GP Strategies to leave the employ of GP Strategies or any subsidiary or affiliate of GP Strategies;

		
	9.2.2.
	interfere with the relationship between GP Strategies or any subsidiary or affiliate of GP Strategies and any employee of GP Strategies or any subsidiary or affiliate of GP Strategies; or

		
	9.2.3.
	employ, or otherwise engage as an employee, independent contractor or otherwise, any person who is an employee of GP Strategies or any subsidiary or affiliate of GP Strategies, or who in the twelve (12) months prior to Employee’s termination was an employee of GP Strategies or any subsidiary or affiliate of GP Strategies.

		
	9.3.
	BREACH OF COVENANT. If Employee breaches any covenant set forth in section 9.1 or section 9.2 of this Agreement, then the Non-Competition Period or Non-Solicitation Period, as applicable, will be extended by the period of the duration of such breach.

		
	9.4.
	REMARKS BY EMPLOYEE. Employee shall not, at any time during or after the Non-Solicitation Period, disparage GP Strategies, any subsidiary or affiliate of GP Strategies, or any of their stockholders, directors, officers, employees or agents.

		
	9.5.
	SUBSEQUENT EMPLOYMENT. During the Non-Competition Period Employee shall notify GP Strategies of the identity of any employer of Employee within 5 days after accepting employment and shall provide such employer with a copy of this section 9 upon or prior to being hired. 

		
	10.
	EQUITABLE RELIEF. GP Strategies will be entitled to obtain injunctive, specific performance or other equitable relief to restrain any breach or threatened breach of this Agreement, in addition to its right to money damages or any other rights it might have. Money damages alone would be inadequate to compensate GP Strategies for such breach and would be an inadequate remedy for such breach and Employee shall not claim otherwise in any proceeding. Employee shall not require, and shall waive any right that would require, GP Strategies to post a bond or any similar assurance if GP Strategies brings any action to enforce this Agreement. The rights and remedies of the parties to this Agreement are cumulative and are in addition to any and all other remedies otherwise allowed by law.

		
	11.
	MISCELLANEOUS.

		
	11.1.
	GOVERNING LAW. This Agreement is a contract made under the laws of the State of Maryland and for all purposes will be construed in accordance with the laws of the State of Maryland without regard to conflict of laws principles thereof.

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	11.2.
	JURISDICTION; VENUE; PROCESS. A party bringing any action or proceeding seeking to enforce any provision of, or based on any right arising out of, this Agreement may bring the action in the courts of the State of Maryland, Howard County or, if it has or can acquire jurisdiction, in the United States District Court for the District of Maryland. GP Strategies and Employee each consent to jurisdiction of such courts (and of the appropriate appellate courts) in any such action or proceeding and each waives any objection to venue laid therein. 

		
	11.3.
	NO JURY TRIAL. NEITHER GP STRATEGIES NOR EMPLOYEE SHALL ELECT A TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT OR EMPLOYEE’S EMPLOYMENT WITH GP STRATEGIES.

		
	11.4.
	AMENDMENTS. This Agreement may be amended, waived, changed, modified or discharged only by a writing signed by both of the parties.

		
	11.5.
	WAIVER. Any waiver by either party of a breach of any provision of this Agreement will not operate as a waiver of any other breach of such provision or of any breach of any other provision of this Agreement. The failure of a party to insist upon strict adherence to any term of this Agreement on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. Any waiver must be in writing.

		
	11.6.
	SUCCESSORS. This Agreement is to be binding upon and inure to the benefit of the parties, their successors, heirs, personal representatives and other legal representatives.

		
	11.7.
	MERGER, ETC. If GP Strategies disposes of the properties and business of GP Strategies substantially as an entirety, by merger, consolidation, sale of assets, or otherwise, then GP Strategies may assign this Agreement and all of its rights and obligations hereunder to the acquiring or surviving corporation or other entity.

		
	11.8.
	ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties with respect to its subject matter and supersedes all prior written and oral agreements and understandings between GP Strategies and Employee with respect to the subject matter of this Agreement.

		
	11.9.
	SEPARABILITY. The covenants contained in this Agreement are separable and, if any court of competent jurisdiction declares any of them to be invalid or unenforceable, that declaration of invalidity or unenforceability will not affect the validity or enforceability of any of the other covenants, each of which will remain in full force and effect. If any restriction contained in sections 6 - 9 shall be deemed to be invalid, illegal, or unenforceable by reason of its extent, duration, geographical scope, or otherwise, then (a) it is hereby declared to be the intention of the parties hereto that such provision be reformed to reflect the maximum extent, duration, geographical scope, or other limitation that is permitted by law and (b) the court making such determination shall have the authority to reduce such restriction to the maximum extent, duration, geographical scope, or 

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other limitation that is permitted by law, and in its reduced form such restriction shall then be enforceable in the manner contemplated hereby.

The parties hereto have executed and delivered this Agreement as of the date first above written.

GP STRATEGIES CORPORATION

	
		
	 
	 

	By:
	/s/ Adam Stedham

	Name:
	Adam Stedham

	Title:
	President

EMPLOYEE

	
	
	 

	/s/ Russell Becker

	Russell Becker

12Exhibit

Exhibit 10.29

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of April 7, 2011, is between General Physics Corporation, a Delaware corporation with principal executive offices at 6095 Marshalee Drive, Suite 300, Elkridge, Maryland 21075 (the “Company”), and Patricia R. Begley, residing at 1 Woodsfield Ct, Medford, New Jersey 08055 (“Employee”).

W I T N E S S E T H

WHEREAS, in connection with the closing of the transactions contemplated by an Asset Purchase Agreement (the “Purchase Agreement”), dated March 8, 2011, by and among the Company, and other purchasers, and RWD Technologies, LLC (“RWD”), and other sellers, the Company will purchase various assets of RWD and the other sellers (the “Acquisition”); 

WHEREAS, following the completion of the Acquisition (“Closing Date”), the Company desires to employ Employee to perform services for the Company, and any successor or assign of the Company, and Employee desires to perform such services, subject to the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the premises, the mutual promises, covenants, and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto intending to be legally bound hereby agree as follows: 

1.Term.  The Company agrees to employ Employee, and Employee agrees to serve, on the terms and conditions of this Agreement, for a period commencing on the day after the Closing Date (the “Commencement Date”) and ending on the second anniversary of the Closing Date (the “Employment Period”), or such shorter period as may be provided for herein (the “Employment Period”); however, unless the Company or Employee has notified the other at least six (6) months prior to the second anniversary of the Closing Date that it/he/she does not wish to extend the Employment Period, the Employment Period shall automatically be extended and end on the earlier of (a) the date determined in accordance with Section 9 below, (b) the date which is not less than six (6) months after the Company or Employee has given written notice to the other of its/his/her decision to end the Employment Period, or (c) the date mutually agreed in writing by the Company and Employee.  Notwithstanding anything herein to the contrary, this Agreement is contingent upon the consummation of the transactions contemplated by the Purchase Agreement and, if the Closing (as defined in the Purchase Agreement) shall fail to occur for any reason, this Agreement shall have no force or effect. 

2.    Duties and Services.  During the Employment Period, Employee shall be employed in the business of the Company as Executive Vice President or in such capacity(ies) as shall be assigned by the Company consistent with the Employee’s ability, qualifications and experience (which such capacity(ies) may be altered, modified, increased or reduced from time to time by the Company). Employee agrees to Employee’s employment as described in this Section 2 and the Employee agrees to devote all of Employee’s business time, attention and best efforts to the performance of Employee’s duties under this Agreement and to promote and advance the business interests of the 

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Company.  Employee shall comply with the rules, regulations, instructions, policies and procedures of the Company adopted or modified from time to time.  Employee shall be available to travel as the needs of the Company reasonably require.

3.    Compensation.  As full compensation for the Employee’s services hereunder, the Company shall provide Employee during the Employment Period the following:

(a)    Base Salary.  During the Employment Period, the Company shall pay to Employee a base annual salary of $236,000, payable at such intervals (at least monthly) as salaries are paid generally to other similarly situated employees of the Company.  The base salary shall be reviewed annually and subject to adjustment as shall be determined by the Company.  During any period in which Employee is eligible to receive salary replacement payments under the provisions of any benefit plan(s) sponsored or maintained by the Company, the Company’s obligation to pay salary shall be reduced by an amount equal to the amount of benefits paid or payable under such plan(s).

(b)    Employee Benefit Plans.  Employee shall be eligible to participate in all employee benefit plans maintained by the Company for similarly situated employees, subject to the terms and conditions of the plans.  Nothing herein shall affect the Company’s ability to modify, alter, terminate or otherwise change any benefit plan it has in effect at any given time, to the extent permitted by law.  
(c)    Tax Withholding.  The Company will withhold from any salary or bonus payable to Employee under this Agreement such federal, state or local taxes as shall be required to be withheld pursuant to any applicable law or regulation, and may withhold for other normal deductions for fringe benefits and as otherwise agreed by the parties.  
(d)    Stock Option Grant.  Within thirty (30) days after the beginning of the Employment Period, Employee shall be granted options to purchase up to 12,000 shares of GP Strategies Corporation (“GPSC”) Common Stock (“Common Stock”) pursuant to the GPSC 1973 Stock Option Plan (the “Plan”). Such grant shall be subject to the provisions of the Plan and shall be on the terms and conditions, and subject to the restrictions, set forth herein and in the form of grant agreement used by GPSC at the time of such grant.

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4.    Expenses.  Employee shall be entitled to reimbursement for reasonable travel and other out-of-pocket expenses necessarily incurred in the performance of Employee’s duties hereunder, upon submission and approval of written statements, receipts and bills in accordance with the then regular procedures of the Company.

5.    Representations and Warranties of Employee.  Employee represents and warrants to the Company that (a) Employee is under no contractual or other restriction or obligation which is inconsistent with the execution of this Agreement, the performance of Employee’s duties hereunder, or the other rights of the Company hereunder, and (b) Employee is under no physical or mental disability that would preclude Employee’s performance, with or without reasonable accommodation, of the essential duties of Employee’s position.  Employee agrees to indemnify and hold harmless the Company for any liability the Company may incur as the result of any breach of this Section 5.

6.    Non-Competition, Non-Solicitation.  In view of the unique and valuable services that it is expected Employee will render to the Company, the knowledge of the customers, trade secrets, and other proprietary information relating to the business of the Company and/or its customers and suppliers that it is expected Employee will obtain, and the fact that such information would likely be used or revealed, either directly or indirectly, in any subsequent employment with a competitor of the Company or its affiliates, and the fact that such use by others could cause substantial harm to the Company or its affiliates, and in consideration of the compensation to be received hereunder, Employee hereby agrees as follows: 
(a)    during the period Employee is employed by the Company (whether such employment is under this Agreement or otherwise), Employee will not, directly or by assisting another individual or entity (i) compete with the Company or its subsidiaries with respect to any product or service sold, offered for sale, planned for future sale or otherwise provided by the Company or its subsidiaries, (ii) Participate In (hereinafter defined in this Section 6) any other business or organization (other than (A) not-for profit professional, civic, or similar organizations that do not compete with the Company or its subsidiaries, or (B) as agreed to in writing by the Company), whether or not such business or organization now is or shall then be competing with or of a nature similar to the business of the Company or its subsidiaries; (iii) reveal the name of any of the suppliers, customers, consultants or employees of the Company or its subsidiaries, except as reasonably required to promote and advance the business interests of the Company or its subsidiaries, as applicable, or (iv) recruit, solicit or interfere with, encourage to leave the Company or its subsidiaries, or endeavor to entice away from the Company or its subsidiaries, any of the current or prospective suppliers, customers, consultants, independent contractors or employees of the Company or its subsidiaries or attempt to cause any of the current or prospective suppliers, customers, consultants, independent contractors or employees of the Company or its subsidiaries to terminate his/her/its employment or other relationship with the Company or its subsidiaries; and 
(b)    for a period of up to six (6) months following the date of the termination of Employee’s employment with, or engagement by, the Company for any reason (whether pursuant to this Agreement or otherwise), for so long as the Company continues to pay Employee an amount equal to the prorated salary paid to Employee immediately prior to the termination of Employee’s employment, unless Employee breaches his/her obligations under this Agreement, in which event the Company shall have no obligation to make any further payments to employee,  Employee shall 

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not, directly or by assisting another individual or entity: (i) complete with, or Participate In any other business or organization which during such restricted period competes with, the Company with respect to any product or service (x) sold by the Company and (y) for which Employee had material responsibilities or involvement, or about which Employee received or had access to non-public information, in the course of Employee’s employment with the Company; (ii) reveal the name of, recruit, solicit or interfere with, encourage to leave the Company or its subsidiaries, or endeavor to entice away from the Company or its subsidiaries any of the current or prospective suppliers, customers, consultants, independent contractors or employees of the Company or its subsidiaries or attempt to cause any of the current or prospective suppliers, customers, consultants, independent contractors or employees of the Company or its subsidiaries to terminate or reduce the scope of, as applicable, his/her/its employment or other relationship with the Company or its subsidiaries; or (iii) hire, employ, engage, recommend or seek to hire, employ, engage, or recommend any person who, at any time within the prior ninety (90) days, was an employee, consultant or independent contractor of the Company or its subsidiaries; and
(c)    during the period Employee is employed by the Company (under this Agreement or otherwise), and continuing from and after the termination of Employee’s employment with the Company, Employee will not: (i) use or allow to be used any trade or business name, or other words, symbol, logo, or means of identification which is similar to one used by the Company or any of its affiliates, or (ii) make any oral or written statements that disparage or place the Company or any of its affiliates, in a false or negative light.

As used in this Agreement, the term “Participate In” shall mean:  “directly or indirectly, for Employee’s own benefit or for, with, or through any other person (including, without limitation, any consultant or any person employed by or associated with any entity with whom Employee is employed or associated), firm, corporation or other entity, own (other than the ownership of not more than 1% of the outstanding common stock of a corporation, if, at the time of its acquisition, such stock is listed on a national securities exchange, is reported on NASDAQ, or is regularly traded in the over-the-counter market by a member of a national securities exchange), manage, operate, control, loan money to, invest in, or participate in the ownership, management, operation, or control of, or be connected as a director, officer, employee, partner, joint venturer, principal, equity holder, consultant, agent, independent contractor, or otherwise with, or acquiesce in the use of Employee’s name in.”  

The restrictions contained in this Section 6 and Section 8 are necessary for the protection of the business and goodwill of the Company and its affiliates, and any breach by Employee of any of the provisions contained in this Section 6 or Section 8 will cause the Company and/or its affiliates immediate, material and irreparable injury, harm and damage, for which there is no adequate remedy at law.  Accordingly, the Company shall be entitled, in addition to any other rights and remedies available to it at law or equity, to seek an injunction restraining such breach or a threatened breach, and in either case no bond or other security shall be required in connection therewith.  The foregoing is not a waiver of any other rights which the Company may have under this Agreement, including, without limitation, the right to recover money damages.  

The parties agree that the relevant public policy aspects of covenants not to compete have been discussed, and that every effort has been made to limit the restrictions placed upon Employee to those that are reasonable and necessary to protect the legitimate interests of the 

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Company and its affiliates.  Employee recognizes, acknowledges and agrees that the provisions of this Section 6 and Section 8 are necessary and reasonable to protect the Company and its affiliates in the conduct of their businesses, that the Company’s business is global in scope, and that limiting the geographic scope of the restrictions placed upon Employee in this Section 6 would not adequately protect the legitimate interests of the Company and its affiliates.  Employee also recognizes, acknowledges and agrees that if Employee’s employment with the Company terminates for any reason, Employee can earn a livelihood without violating any of the restrictions contained in this Section 6 and that Employee’s skills and abilities are transferable to other businesses and industries.  Employee also recognizes, acknowledges and agrees that any customer relationships developed, nurtured, fostered, or generated through Employee’s employment with the Company represent goodwill for the Company and its affiliates and are entitled to the protection afforded by the limited restrictions set forth herein, even if Employee had such relationships prior to becoming employed by the Company.  

If any restriction contained in this Section 6 or Section 8 shall be deemed to be invalid, illegal, or unenforceable by reason of its extent, duration, geographical scope, or otherwise, then (a) it is hereby declared to be the intention of the parties hereto that such provision be reformed to reflect the maximum extent, duration, geographical scope, or other limitation that is permitted by law, and (b) the court making such determination shall have the authority to reduce such restriction to the maximum extent, duration, geographical scope, or other limitation that is permitted by law, and in its reduced form such restriction shall then be enforceable in the manner contemplated hereby.  The existence of a claim, charge, or cause of action by Employee against the Company or its affiliates shall not constitute a defense to the enforcement by the Company of any restrictive covenants herein, and such claim, charge, or cause of action shall be litigated separately.

The Company agrees to respond to any written request by Employee, made after notice has been given under Section 1 above, seeking guidance from the Company regarding whetehr specific actions contemplated by Employee would be viewed by the Company as likely to violate this Section 6.

7.    Innovations, Inventions, Developments, Etc.  Employee hereby agrees that all previous work done by Employee for RWD relating in any way to the conception, creation, discovery, invention, reduction to practice, derivation, design, development, manufacture, sale or support of products or services for RWD is the property of the Company, and the Employee hereby assigns to the Company all of Employee’s right, title and interest in and to such previous work.  

As used in this Agreement, the term “Innovations” means all processes, machines, manufactures, compositions of matter, improvements, inventions (whether or not protectable under patent laws), works of authorship, information fixed in any tangible medium of expression (whether or not protectable under copyright laws), moral rights, mask works, trademarks, trade names, trade dress, trade secrets, “know how”, ideas (whether or not protectable under trade secret laws), and all other subject matter relative to any of the foregoing, whether or not protectable under patent, copyright, moral right, mask work, trademark, trade secret or other laws, and includes without limitation all new or useful art, combinations, discoveries, formulae, manufacturing techniques, technical developments, discoveries, artwork, software, and designs.  “Innovations” includes 

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“Inventions,” which is defined to mean any inventions protected under patent laws and “Derivative Works,” which is defined to mean any derivative works protected under copyright laws.    

Employee represents and warrants that set forth on Schedule A attached hereto is a true and complete list of all Innovations applicable to the business of RWD or relating in any way to RWD’s businesses, which were conceived, reduced to practice, created, derived, developed, or made by Employee prior to Employee’s employment with the Company (collectively, the “Prior Innovations”).  Employee further represents and warrants that Employee has no rights in any such Innovations other than those Prior Innovations specified in Schedule A.  If there is no such list on Schedule A, Employee represents and warrants that Employee has neither conceived, reduced to practice, created, derived, developed nor made any such Prior Innovations at the time of signing this Agreement.  Employee hereby assigns to the Company all of Employee’s right, title, and interest in and to the Prior Innovations.  

Employee hereby agrees promptly to disclose and describe to the Company, and Employee hereby does and will assign to the Company all of Employee’s right, title, and interest in and to: (a) each of the Innovations (including Inventions), and any associated intellectual property rights, which Employee may solely or jointly conceive, reduce to practice, create, derive, develop or make during the period of Employee’s employment with Company (whether pursuant to this Agreement or otherwise), which either (i) relate, at the time of conception, reduction to practice, creation, derivation, development, or making of such Innovation, to the business of the Company or actual or demonstrably anticipated research or development, or (ii) were developed on any amount of the Company’s time or with the use of any of the Company’s equipment, supplies, resources, assets, facilities or trade secret information and/or confidential or proprietary information, or (iii) resulted from any work Employee performed for the Company; and (b) each of the Innovations which is not an Invention (as demonstrated by Employee by evidence meeting the clear and convincing standard of proof), and any associated intellectual property rights, which Employee may solely or jointly conceive, develop, reduce to practice, create, derive, develop, or make during the period of Employee’s employment with the Company (whether pursuant to this Agreement or otherwise) which are applicable to the business of Company (collectively, the Innovations identified in clauses (a) and (b) are hereinafter the “Company Innovations”).  

To the extent any of the rights, title and interest in and to the Company Innovations or Prior Innovations cannot be assigned by Employee to the Company, Employee hereby grants to the Company an exclusive, royalty-free, transferable, irrevocable, worldwide license (with rights to sublicense through multiple tiers of sublicensees).  To the extent any of the rights, title and interest in and to the Company Innovations or Prior Innovations can be neither assigned nor licensed by Employee to the Company, Employee hereby irrevocably waives and agrees never to assert such non-assignable and non-licensable rights, title and interest against the Company or any of the Company’s successors in interest to such non-assignable and non-licensable rights.  Employee further hereby grants to the Company a royalty free, irrevocable, worldwide license (with rights to sublicense through multiple tiers of sublicensees) to practice all applicable patent, copyright, moral right, mask work, trade secret and other intellectual property rights relating to any Prior Innovations which Employee incorporates, or permits to be incorporated, in any Company Innovations.  Notwithstanding the foregoing, Employee agrees that Employee will not incorporate, or permit to 

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be incorporated, any Prior Innovations in any Company Innovations without the Company’s prior written consent. 

Employee agrees to perform, during and after Employee’s employment (whether pursuant to this Agreement or otherwise), all acts deemed necessary or desirable by the Company to permit and assist the Company, at the Company’s expense, in obtaining and enforcing the full benefits, enjoyment, rights and title throughout the world in Innovations (including, without limitation, the Company Innovations and the Prior Innovations) assigned or licensed to, or whose rights are irrevocably waived and shall not be asserted against, the Company under this Agreement.  Such acts may include, but are not limited to, execution of documents and assistance or cooperation (i) in the filing, prosecution, registration, and memorialization of assignment of any applicable patents, copyrights, mask work, or other applications, (ii) in the enforcement of any applicable patents, copyrights, mask work, moral rights, trade secrets, or other proprietary rights, and (iii) in other legal proceedings related to the Innovations (including, without limitation, the Company Innovations and the Prior Innovations). 

In the event that the Company is unable for any reason to secure Employee’s signature to any document required to file, prosecute, register, or memorialize the assignment of any patent, copyright, trademark, mask work or other applications or to enforce any patent, copyright, trademark, mask work, moral right, trade secret or other proprietary right under any Innovations (including, without limitation, the Company Innovations, the Prior Innovations and all derivative works, improvements, renewals, extensions, continuations, divisionals, continuations in part, continuing patent applications, reissues, and reexaminations thereof), Employee hereby irrevocably designates and appoints the Company and the Company’s duly authorized officers and agents as Employee’s agents and attorneys-in-fact, which power is coupled with an interest, to act for and on Employee’s behalf and instead of Employee, (i) to execute, file, prosecute, register and memorialize the assignment of any such application, (ii) to execute and file any documentation required for such enforcement, and (iii) to do all other lawfully permitted acts to further the filing, prosecution, registration, memorialization of assignment, issuance, and enforcement of patents, copyrights, trademarks, business names, trade names, assumed names, domain names, mask works, moral rights, trade secrets or other rights under the Innovations (including, without limitation, the Company Innovations and Prior Innovations), all with the same legal force and effect as if executed by Employee.

8.    Confidential Information.  All confidential or proprietary information which Employee may now possess, may obtain during or after the Employment Period, or may create prior to the end of the period Employee is employed by the Company under this Agreement or otherwise relating to the business of the Company or any of its affiliates or of any customer, employee, consultant, independent contractor or supplier of the Company or any of its affiliates shall not be published, disclosed, or made accessible by Employee to any other person, firm, or corporation either during or after the termination of Employee’s employment or used by Employee except during the Employment Period in the business and for the benefit of the Company, in each case without prior written permission of the Company.  By way of illustration, but not limitation, confidential and proprietary information may include trade secrets, “know how”, customer lists, customer and supplier information, pricing policies, contacts at or knowledge of customers or prospective customers of the Company, equipment, inventions, products, processes, methods, techniques, 

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formulas, projects, developments, plans, research data, financial data, personnel data, computer programs and modules (both source and object codes), display screens and layouts, intranet files and data, server-side website documents and files, functions, subroutines, procedures, and other business affairs of the Company and its affiliates.    Employee agrees that all such confidential and proprietary information is and shall be the exclusive property of the Company.  Employee shall return all tangible evidence of such confidential or proprietary information and copies thereof to the Company prior to or at the termination of Employee’s employment with the Company pursuant to this Agreement or otherwise.  Employee agrees that Employee’s obligation not to disclose or to use confidential and proprietary information and Employee’s obligation to return materials and tangible property also extends to such types of information, materials and tangible property of customers of the Company or its affiliates or suppliers to the Company or its affiliates or other third parties who may have disclosed or entrusted the same to the Company, its affiliates or to Employee.  Employee further acknowledges and agrees that the Company and its affiliates have a critical business interest in maintaining complete control and access to their computer systems.  In view of this interest, Employee understands that he will have no right to privacy as to any personal information which he inputs or otherwise causes to become a part of such systems.  Further, the Company and its affiliates, as applicable, shall be entitled (in the exercise of their sole discretion) to delete, erase and/or destroy any and all such information which Employee may so input or cause to become a part of the computer systems of the Company or its affiliates.
  
9.    Termination.  Notwithstanding anything herein contained, if on or after the date hereof and prior to the end of the Employment Period,

(a)    either (i) as a result of a serious health condition (as defined in the Family and Medical Leave Act of 1993), and after giving effect to any reasonable accommodation required by law, Employee shall be physically or mentally incapacitated or disabled or otherwise unable fully to discharge his/her duties hereunder for a period of ninety (90) consecutive days, (ii) Employee shall be convicted, plead guilty, or enter a plea of nolo contendere to a felony or a crime involving moral turpitude, (iii) Employee shall commit (or make any statement of intention to commit) any act or omit to take any action in bad faith and to the detriment of the Company (including, without limitation, dishonesty, lack of complete integrity or candor, acts of embezzlement, misappropriation of funds, harassment or discrimination), (iv) Employee is under the influence of drugs or alcohol (other than prescription medicine or other medically-related drugs to the extent that they are taken in accordance with their directions) in violation of the Company’s Fitness-for-Duty policy, or (iv) Employee shall (A) willfully and continually fail to perform his/her duties or obligations under any provision of this Agreement other than Section 6 or 8 in any material respect, and shall not correct such failure within ten (10) days after receipt of written notice thereof, or (B) fail to perform his/her duties or obligations under Section 6 or 8 in any material respect, then, and in each such case, the Company shall have the right to give notice of termination of Employee’s services hereunder as of a then present or future date to be specified in such notice, Employee’s employment shall terminate on the date so specified, the Company shall pay his/her base annual salary through the date of termination only, and, except as provided by law or the terms of the applicable benefit plan, Employee shall continue to receive the other benefits set forth in Section 3 through the date of termination only, or
(b)    (i) (A) Employee resigns for “Good Cause,” as defined below, or (B) the Company terminates Employee’s employment for reasons other than those specified in Section 9(a), 

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and (ii) Employee is in full compliance with his/her obligations under Sections 6 and 8, then, for a period of six (6) months after termination (the “Severance Period”), (1) the Company shall pay Employee his/her base annual salary at the rate in effect on the date of such employment termination, payable at such intervals (at least monthly) as salaries are paid generally to similarly situated employees of the Company and (2) Employee shall continue to be eligible to receive such benefits as Employee would have been entitled to under Section 3(b) had his/her employment not terminated; provided that the obligations of the Company pursuant to Section 9(b) shall terminate if Employee does not remain in full compliance with Sections 6 and 8.  Notwithstanding anything herein to the contrary, Employee shall not be entitled to the pay and benefits set forth in this Section 9(b) unless and until Employee executes and delivers to the Company a general release of all claims and liabilities in form and substance acceptable to the Company.  The parties hereto acknowledge and agree that the compensation to be provided under this Section 9(b) is to be provided in consideration for the above-specified release, including a release under the Age Discrimination in Employment Act. For the purposes hereof, the Employee shall be deemed to have resigned for “Good Cause” in the event that the Employee resigns within thirty (30) days following either (A) the Company's (i) reduction, without the express written consent of the Employee, of the Employee's annual base salary set forth in Section 3 hereof and failing to restore such annual base salary to the amount specified in Section 3 hereof within thirty (30)  days after receipt of written notice from the Employee, or (ii) failure to make any material payment, or provide any material benefit to the Employee, contemplated hereunder, and fails to correct any such deficiency within ten (10) business days after receipt of written notice from the Employee, or (B) the Company shall breach any other material term of this Agreement and shall not correct such failure or breach within thirty (30) days after written notice from Employee.  
(c)    If (i) (A) Employee resigns for “Good Cause,” as defined above, or (B) the Company terminates Employee's employment for reasons other than those specified in Section 9(a) and (ii) Employee fails to fully comply with his/her obligations under Sections 6 and 8 during the Employment Period and during the entire Severance Period, the Company shall pay Employee his/her base annual salary only through the date of termination of employment and, except as provided by law or the terms of the applicable benefit plan, Employee shall continue to receive the other benefits set forth in Section 3 through the date of termination only.  Employee shall repay to the Company any amounts previously paid to which Employee was not entitled.
(d)    If Employee shall die, then this Agreement shall terminate on the date of Employee’s death, whereupon Employee or his/her estate, as the case may be, shall be entitled to receive only his/her salary at the rate provided in Section 3 to the end of the calendar month within which the date of termination shall take effect and no further compensation shall be paid. 

Nothing contained in this Section 9 shall be deemed to limit any other right the Company may have to terminate Employee’s employment hereunder upon any ground permitted by law.  

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10.    Merger, Etc.  In the event of a future disposition of (or including) the properties and business of the Company, substantially as an entirety, by merger, consolidation, sale of assets, or otherwise, then the Company shall assign this Agreement and all of its rights and obligations hereunder to the acquiring or surviving corporation or other entity.  
11.    Survival.  Notwithstanding anything to the contrary contained in this Agreement, the provisions of Sections 5 through 8 and 12 through 21 of this Agreement shall survive the termination of this Agreement for any reason.
12.    Modification.  This Agreement sets forth the entire understanding of the parties with respect to the subject matter hereof, supersedes all existing agreements between them concerning such subject matter, and may be modified only by a written instrument duly executed by each party.
13.    Notices.  Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be mailed by certified mail, return receipt requested, given by Federal Express, Express Mail, or similar overnight delivery or courier service, or delivered against receipt to the party to whom it is to be given at the address of such party set forth in the preamble to this Agreement (or to such other address as the party shall have furnished in writing in accordance with the provisions of this Section 13).  Notice to the estate of Employee shall be sufficient if addressed to Employee as provided in this Section 13.  Any notice or other communication given shall be deemed given at the time of receipt thereof.  
14.    Waiver.  Any waiver by either party of a breach of any provision of this Agreement shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Agreement.  The failure of a party to insist upon strict adherence to any term of this Agreement on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement.  Any waiver must be in writing.
15.    Binding Effect.  Employee’s rights and obligations under this Agreement shall not be transferable by Employee by assignment or otherwise, such rights shall not be subject to commutation, encumbrance, or the claims of Employee’s creditors, and any attempt to do any of the foregoing shall be void.  The provisions of this Agreement shall be binding upon and inure to the benefit of Employee and his/her heirs and personal representatives, and shall be binding upon and inure to the benefit of the Company and its successors and those who are its assigns under Section 10.
16.    Separability.  This Agreement shall be enforceable to the fullest extent allowed by law.  In the event that a court holds any provision of this Agreement to be invalid or unenforceable, the parties agree that, if allowed by law, that provision shall be reduced, modified or otherwise conformed to the relevant law, judgment or determination to the degree necessary to render it valid and enforceable without affecting the rest of this Agreement.  Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be deemed severable from the remainder of this Agreement, and the remaining provisions contained in this Agreement shall be construed to preserve to the maximum permissible extent the intent and purposes of this Agreement.  Any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

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17.    No Third Party Beneficiaries.  This Agreement does not create, and shall not be construed as creating, any rights enforceable by any person not a party to this Agreement (except as provided in Section 15).
18.    Headings.  The headings in this Agreement are solely for the convenience of reference and shall be given no effect in the construction or interpretation of this Agreement.
19.    Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
20.    Governing Law.  The validity and construction of this Agreement or of any of its terms or provisions shall be determined under the laws of the State of Maryland, regardless of any principles of conflicts of laws or choice of laws of any jurisdiction.  Except as otherwise set forth herein, the state courts of the State of Maryland and, if the jurisdictional prerequisites exist at the time, the United States District Court for Maryland, shall have sole and exclusive jurisdiction to hear and determine any dispute or controversy arising under or concerning this Agreement.  The parties agree and acknowledge that Maryland is the State of the headquarters of the Company and the principal executive offices of the Company and is the State with the most logical nexus to this Agreement.  In addition, it is anticipated that Employee will visit the State of Maryland in connection with his/her employment with Company and, accordingly, Employee consents to the jurisdiction and choice of law set forth in this Section 20.  Employee acknowledges Employee’s right to consult with an attorney prior to entering into this Agreement.
21.    Waiver of Jury Trial.  AS A CONDITION OF EMPLOYMENT BY THE COMPANY, EMPLOYEE VOLUNTARILY AND KNOWINGLY WAIVES ANY RIGHTS EMPLOYEE MAY HAVE TO A TRIAL BY JURY IN ANY COURT ACTION RELATING TO OR CONCERNING THE COMPANY AND ITS EMPLOYEES.  THIS WAIVER DOES NOT FOREGO ANY SUBSTANTIVE RIGHTS THE COMPANY OR EMPLOYEE MAY HAVE.  THIS VOLUNTARY AND KNOWING JURY TRIAL WAIVER INCLUDES, BUT IS NOT LIMITED TO, ANY DISPUTES, CLAIMS OR CONTROVERSIES RELATING TO OR CONCERNING THIS AGREEMENT OR EMPLOYEE'S EMPLOYMENT WITH THE COMPANY.  BY EXECUTION OF THIS AGREEMENT, EMPLOYEE VOLUNTARILY AND KNOWINGLY WAIVES ANY RIGHTS EMPLOYEE MAY HAVE TO A JURY TRIAL BY JURY IN ANY COURT ACTION REGARDING ALL DISPUTES, CLAIMS, OR CONTROVERSIES CONCERNING THIS AGREEMENT OR EMPLOYEE'S EMPLOYMENT WITH THE COMPANY.

[Signatures appear on the following page.]

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IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first above written.

GENERAL PHYSICS CORPORATION    EMPLOYEE

By:  
	
			
	 
	 
	 

	/s/ Douglas E Sharp
	 
	/s/ Patricia R. Begley

	Douglas E. Sharp, President
	 
	Patricia R. Begley

The undersigned hereby agrees to the provisions of Sections 3(d) of this Agreement to the extent such provisions relate to options to purchase GPSC Common Stock.  

GP STRATEGIES CORPORATION

By:  
	
	
	 

	/s/ Scott Greenberg

	Scott N. Greenberg

	Chief Executive Officer

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