Document:

Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT (the “Agreement”), dated as of
April 18, 2006 (the “Effective Date”) is between Navigant Consulting, Inc., a Delaware corporation (the “Company”), and David E. Wartner (the “Executive”). 
 RECITALS 
 A. The Company desires to obtain the benefits of the Executive’s
knowledge, skills, and experience by employing the Executive as its Vice President and Controller (and Principal Accounting Officer) upon the terms and subject to the conditions of this Agreement. 
 B. The Executive desires to be employed by the Company in such position upon the terms and subject to the conditions of this Agreement. 
 AGREEMENT 
 NOW, THEREFORE, in
consideration of the foregoing premises and mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Employment. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Executive, and the Executive agrees to be employed by the
Company, for the period stated in Paragraph 2 hereof. 
 2. Employment Term. The term of the Executive’s employment by the Company under this
Agreement will begin on May 1, 2006, and will continue, subject to earlier termination as provided in Paragraph 7 hereof, for a rolling one-year period, such that the remainder of the term shall always be one full year, subject to either party
being able to reduce or limit the term, by written notice provided as set forth in Paragraph 11(b) hereof (the “Employment Term”). 
 3.
Position and Responsibilities. During the Employment Term, the Executive agrees to serve the Company, and the Company shall employ the Executive as its Vice President and Controller (and Principal Accounting Officer). During the Employment
Term, the Executive shall possess such broad powers and perform such duties and functions as are normally incident to the positions of Vice President and Controller (and Principal Accounting Officer) with an entity of an equivalent size and nature
as the Company. 
 4. Performance of Duties; Commitment of Time. During the Employment Term, the Executive shall discharge the following obligations:

 (a) Except for illness, reasonable vacation periods, and reasonable leaves of absence, the Executive shall, subject to Paragraph 4(c)
hereof, devote his best efforts and full business time, attention and skills to the business and affairs of the Company and its subsidiaries, affiliates and divisions, as such business and affairs now exist and as they may be hereafter changed or
added to. 

 (b) The Executive shall report directly to the Executive Vice President and Chief Financial Officer (the
“CFO”) of the Company and he shall perform all of his duties in accordance with such reasonable directions, requests, rules and regulations as are specified by the CFO in connection with his employment. 
 (c) Nothing herein shall preclude the Executive from devoting such reasonable time as required to serve, or to continue to serve, on the boards of
directors of, or to hold any other offices or positions in or with respect to, other companies, organizations or entities, provided that (i) the Executive gives prior notice to the Company of such other activities, (ii) that such other
activities do not violate Paragraph 6 hereof, and (iii) such other activities have no material effect on the time the Executive is required to spend in connection with the services required of his hereunder. 
 5. Compensation and Benefits.  
 (a) Base
Salary. During the Employment Term, the Executive will receive an annual salary, payable in monthly or more frequent installments, of $230,000 subject to authorized withholding and other deductions. The annual salary will be reviewed annually
and, if appropriate, increased by the Company in its sole discretion. Such annual salary, as so increased, is hereinafter referred to as the “Base Salary”. In no event shall the Executive’s Base Salary be reduced below 85 percent of
$230,000. 
 (b) Annual Bonus. During the Employment Term, the Executive will be eligible to receive an annual cash bonus based upon
the Executive’s and/or the Company’s achievement of annual performance goals or objectives. The bonus goals and objectives shall be determined by the Company. Such bonus or bonuses shall be based upon the Company’s review of the
Executive’s performance. The Executive shall have a maximum bonus opportunity of 100% of the Base Salary (the “Maximum Bonus”), with a target bonus equal to 50% of the Base Salary (the “Target Bonus”). The Company shall have
the sole discretion to determine whether the bonus goals and objectives have been met. The Executive shall receive a prorated annual bonus for the 2006 calendar year, calculated at the Target Bonus rate, which prorated annual bonus shall equal 50%
of the Executive’s 8 months of Base Salary to be received in 2006 (i.e., 50% of $153,333 [ from May 1, 2006, 8 months, or two-thirds of a year, times a Base Salary of $230,000 equals $153,333]), provided, however, that any prorated bonus
paid for the 2006 calendar year in accordance with this Paragraph 5(b) shall satisfy the Company’s obligation, if any, for payment of a prorated bonus payment pursuant to Paragraph 8(a) or (b) hereof for the calendar year of the
Executive’s termination of employment, in the event the Executive’s employment is terminated on or before December 31, 2006. 
 (c) Employee Benefits and Perquisites. During the Employment Term, the Executive will be entitled to receive all benefits and perquisites of employment generally available to other members of the Company’s senior executive
management, upon his satisfaction of the eligibility or participation criteria therefor. 
  

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 (d) Reimbursement of Business Expenses. The Company shall pay or reimburse the Executive, in
accordance with its normal policies and practices, for all reasonable business expenses incurred by the Executive in connection with the performance of his obligations hereunder, including a reasonable sum for parking near the Company’s Chicago
Corporate Headquarters (615 N. Wabash) office. The Executive shall produce accounts and vouchers or other reasonable evidence of expenses incurred or payments made by the Executive, all in accordance with the Company’s regular procedures in
effect from time to time and in form suitable to establish the validity and deductibility of such expenses for tax purposes. 
 (e)
Withholding Taxes. There shall be deducted and withheld from the Base Salary and all other compensation payable to the Executive during or for the Employment Term any and all amounts required to be deducted or withheld under the provisions of
any statute, regulation, ordinance or order. 
 6. Obligations of the Executive During and After Employment. 
 (a) The Executive acknowledges and agrees that solely by virtue of his employment by, and relationship with, the Company, he will acquire
“Confidential Information,” as defined in subparagraph (vii) below, as well as special knowledge of the Company’s business and its relationships with its clients and employees, and that, but for his association with the Company,
the Executive will not have had access to said Confidential Information or knowledge of said relationships. The Executive further acknowledges and agrees (1) that the Company has long term relationships with its clients and employees, and that
those relationships were developed at great expense and difficulty to the Company over several years of close and continuing involvement; (2) that the Company’s relationships with its clients and employees are and will continue to be
valuable, special and unique assets of the Company and (3) that the Company has the following protectable interests that are critical to its competitive advantage in the industry and would be of demonstrable value in the hands of a competitor:
Company-specific information concerning revenues, costs, margins, marketing strategies, employees, compensation systems, employee benefits, corporate development plans and opportunities, financial, accounting and corporate governance systems, and
concepts, ideas, and other matters not generally known to the public. The Company acknowledges and agrees that such protectable interests do not include information properly in the public domain, or the generalized knowledge, skills and know-how
possessed by the Executive, whether as a result of his employment or otherwise. In return for the consideration described in this Agreement, the Executive hereby represents, warrants and covenants as follows: 
 (i) The Executive has executed and delivered this Agreement as his free and voluntary act, after having determined that the provisions contained herein
are of a material benefit to his, and that the duties and obligations imposed on his hereunder are fair and reasonable and will not prevent his from earning a comparable livelihood following the termination of his employment with the Company;

 (ii) The Executive has read and fully understands the terms and conditions set forth herein, has had time to reflect on and consider the
benefits and consequences of entering into this Agreement, and has had the opportunity to review the terms hereof with an attorney or other representative if he so chooses; 
  

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 (iii) The execution and delivery of this Agreement by the Executive does not conflict with, or result in
a breach of or constitute a default under, any agreement or contract, whether oral or written, to which the Executive is a party or by which the Executive may be bound; 
 (iv) The Executive agrees that, during the time of his employment with the Company and for a period of one year after termination of the Executive’s employment hereunder for any reason whatsoever or for no
reason, whether voluntary or involuntary, the Executive will not, except on behalf of the Company, anywhere in North America or in any other place or venue where the Company or any affiliate, subsidiary or division thereof now conducts or operates,
or may conduct or operate, its business prior to the date of the Executive’s termination of employment: 
 (A) directly or indirectly,
contact, solicit or direct any person, firm, corporation, association, or other entity to contact or solicit, any of the Company’s clients or prospective clients (as they are hereinafter defined) for the purpose of selling or distributing or
attempting to sell or distribute, any products and/or services in competition with the Company to its clients during the term hereof. In addition, the Executive will not disclose the identity of any such clients or prospective clients, or any part
thereof, to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever, except to the extent (1) required by any law, regulation or order of any court or regulatory commission, department or agency,
provided that the Executive gives prompt notice of such requirement to the Company to enable the Company to seek an appropriate protective order, or (2) such disclosure is necessary to perform properly the Executive’s duties under this
Agreement; 
 (B) directly or indirectly, solicit on his own behalf or on behalf of any other person, the services of any person who is an
employee of the Company, nor solicit any of the Company’s employees to terminate employment with the Company; and 
 (C) act as a
consultant, advisor, officer, manager, agent, director, partner, independent contractor, owner, or employee for or on behalf of any of the Company’s competitors (as hereinafter defined), 
 (v) The scope described above is necessary and reasonable in order to protect the Company in the conduct of its business and that, if the Executive
becomes employed by another employer, he shall be required to disclose the existence of this Paragraph 6 to such employer and the Executive hereby consents to and the Company is hereby given permission to disclose the existence of this Paragraph 6
to such employer; 
 (vi) For purposes of this Paragraph 6, “client” shall be defined as any person, firm, corporation,
association, or entity that purchased any type of product and/or service from the Company or is or was doing business with the Company within the 12-month period immediately preceding termination of the Executive’s employment. For purposes of
this 

  

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Paragraph 6, “prospective client” shall be defined as any person, firm, corporation, association, or entity contacted or solicited in writing by
the Company or who contacted the Company within the 12-month period immediately preceding the termination of the Executive’s employment for the purpose of having such persons, firms, corporations, associations, or entities become a client of
the Company. For purposes of this Paragraph 6, the Company’s competitors shall include any business that provides consulting services in actual and substantial competition with the Company, including but not limited to FTI Consulting, Inc. CRA
International, Inc., Huron Consulting, and LECG, LLC. 
 (vii) Both during his employment and thereafter he will not, for any reason
whatsoever, use for herself or disclose to any person not employed by the Company any “Confidential Information” of the Company acquired by the Executive during his relationship with the Company, except to the extent that such Confidential
Information (a) becomes a matter of public record or is published in a newspaper, magazine or other periodical, or in other media, available to the general public, other than as a result of any act or omission of the Executive, (b) is
required to be disclosed by law, regulation or order of any court or regulatory commission, department or agency, provided that the Executive gives prompt notice of such requirement to the Company to enable the Company to seek an appropriate
protective order, or (c) is required to be disclosed in order to perform properly the Executive’s duties under this Agreement. The Executive further agrees to use Confidential Information solely for the purpose of performing duties with
the Company and further agrees not to use Confidential Information for his own private use or commercial purposes. The Executive agrees that “Confidential Information” includes but is not limited to: (1) any financial, engineering,
business, planning, operations, services, potential services, products, potential products, technical information and/or know-how, organization charts, formulas, business plans, production, purchasing, marketing, pricing, sales, profit, personnel,
customer, broker, supplier, or other lists or information of the Company; (2) any papers, data, records, processes, methods, techniques, systems, models, samples, devices, equipment, compilations, invoices, client lists, or documents of the
Company; (3) any confidential information or trade secrets of any third party provided to the Company in confidence or subject to other use or disclosure restrictions or limitations; and (4) any other information, written, oral, or
electronic, whether existing now or at some time in the future, and whether pertaining to current or future developments, which pertains to the Company’s affairs or interests or with whom or how the Company does business. The Company
acknowledges and agrees that Confidential Information does not include information properly in the public domain, or the generalized knowledge, skills and know-how possessed by the Executive, whether as a result of his employment or otherwise;

 (viii) During the Employment Term, the Executive will not remove, or cause to be removed, manually, electronically or otherwise, from the
Company’s premises any documents, records, files, notebooks, correspondence, reports, video or audio recordings, computer printouts, computer programs, computer software, computer discs, computer files, price lists, microfilm, drawings, or
other similar documents containing Confidential Information, including copies thereof, whether prepared by his or others, except as his duties under this Agreement shall require, and in such cases, will promptly return such items to the Company.
Upon termination of his employment with the Company, all such items including summaries or copies thereof, then in the Executive’s possession, shall be returned to the Company immediately; 
  

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 (ix) All ideas, inventions, designs, processes, discoveries, enhancements, plans, writings, and other
developments or improvements (the “Inventions”) conceived by the Executive, alone or with others, during the term of his employment, whether or not during working hours, that are within the scope of the Executive’s business operations
or that relate to any of the Company’s work or projects (including any and all inventions based wholly or in part upon ideas conceived during the Executive’s employment with the Company), are the sole and exclusive property of the Company.
The Executive further agrees that (1) he will promptly disclose all Inventions to the Company and hereby assigns to the Company all present and future rights he has or may have in those Inventions, including without limitation those relating to
patent, copyright, trademark or trade secrets; and (2) all of the Inventions eligible under the copyright laws are “work made for hire.” At the request of and without charge to the Company and without cost to the Executive, the
Executive will do all things deemed by the Company to be reasonably necessary to perfect title to the Inventions in the Company and to assist in obtaining for the Company such patents, copyrights or other protection as may be provided under law and
desired by the Company, including but not limited to executing and signing any and all relevant applications, assignments or other instruments. Notwithstanding the foregoing, pursuant to the Employee Patent Act, Illinois Public Act 83-493, the
Company hereby notifies the Executive that the provisions of this subparagraph (ix) shall not apply to any Inventions for which no equipment, supplies, facility or trade secret information of the Company was used and which were developed
entirely on the Executive’s own time, unless (1) the Invention relates (i) to the business of the Company, or (ii) to actual or demonstrably anticipated research or development of the Company, or (2) the Invention results
from any work performed by the Executive for the Company; 
 (x) All client lists, supplier lists, and client and supplier information are
and shall remain the exclusive property of the Company, regardless of whether such information was developed, purchased, acquired, or otherwise obtained by the Company or the Executive. The Executive also agrees to furnish to the Company on demand
at any time during his employment, and upon the termination of his employment, any records, notes, computer printouts, computer programs, computer software, price lists, microfilm, or any other documents related to the Company’s business,
including originals and copies thereof; 
 (xi) The Executive may become aware of “material” nonpublic information relating to
clients whose stock is publicly traded. The Executive acknowledges that he is prohibited by law, as well as by Company policy, from trading in the shares of such clients while in possession of such information or directly or indirectly disclosing
such information to any other persons so that they may trade in these shares. For purposes of this subparagraph (xi), “material” information may include any information, positive or negative, which might be of significance to an investor
in determining whether to purchase, sell or hold the stock of publicly traded clients. Information may be significant for this purpose even if it would not alone determine the investor’s decision. Examples include a potential business
acquisition, internal financial information that departs in any way from what the market would expect, the acquisition or loss of a major contract, or an important financing transaction. 
  

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 (b) Remedy for Breach. The Executive agrees that in the event of a material breach or threatened
material breach of any of the covenants contained in this Paragraph 6, the Company will have the right and remedy to have such covenants specifically enforced by any court having jurisdiction, it being acknowledged and agreed that any material
breach of any of the covenants will cause irreparable injury to the Company and that money damages will not provide an adequate remedy to the Company. 
 (c) Blue-Penciling. The Executive acknowledges and agrees that the noncompetition and nonsolicitation provisions contained herein are reasonable and valid in geographic, temporal and subject matter scope and in
all other respects, and do not impose limitations greater than are necessary to protect the goodwill, Confidential Information and other business interests of the Company. Nevertheless, if any court determines that any of said noncompetition and
other restrictive covenants and agreements, or any part thereof, is unenforceable because of the duration or geographic scope of such provision, such court will have the power to reduce the duration or scope of such provision, as the case may be,
and, in its reduced form, such provision will then be enforceable to the maximum extent permitted by applicable law. 
 7. Termination of Employment.

 (a) Termination as a Result of Death or Disability. The Executive’s employment with the Company shall terminate automatically
upon the Executive’s death during the Employment Term. If the Disability of the Executive has occurred during the Employment Term (pursuant to the definition of “Disability” set forth below), the Company may give to the Executive
written notice of its intention to terminate the Executive’s employment. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Company (the “Disability
Effective Date”), provided that, within the 30 days after receipt of notice, the Executive shall not have returned to substantial performance of the Executive’s duties. For purposes of this Agreement, “Disability” shall mean the
absence of the Executive from the Executive’s duties with the Company for 120 consecutive days, or a total of 180 days in any 12-month period, as a result of incapacity due to mental or physical illness which is determined to be total and
permanent by a physician jointly selected by the Company and the Executive or the Executive’s legal representative, or, if the parties cannot agree on the selection of such physician then each shall choose a physician and the two physicians
shall jointly select a physician to make such binding determination. 
 (b) Termination by the Company for Cause. The Company may
terminate the Executive’s employment during the Employment Term for Cause at any time upon written notice from the Company specifying such Cause and the expiration of the cure period specified below, and thereafter, the Company’s
obligations hereunder (other than the obligation to pay any accrued salary or benefit) shall cease and terminate; provided, however, that such written notice shall not be delivered until after the Company shall have given the Executive written
notice specifying the conduct alleged to have constituted such Cause. The Executive shall have 30 days to cure the matters specified in the notice delivered by the Board (to the extent that such matters are curable). For purposes of this Agreement,
“Cause” shall mean the Executive’s willful misconduct, dishonesty or other willful actions (or willful failures to act) which are materially 

  

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and demonstrably injurious to the Company, or a material breach by the Executive of one or more terms of this Agreement, which shall include the
Executive’s habitual neglect of the material duties required of his under this Agreement. For purposes of this Section, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or
omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. 
 (c) Termination by the Executive for Good Reason. The Executive’s employment with the Company may be terminated by the Executive for Good Reason. For purposes of this Agreement, “Good Reason”
shall mean any of the following actions, if taken without the express written consent of the Executive: (1) any material change by the Company in the Executive’s title, functions, duties, or responsibilities, which changes would cause the
Executive’s position with the Company to have significantly less responsibility, importance or scope as compared to the position and attributes that applied to the Executive as of the Effective Date; (2) any material failure by the Company
to comply with any of the provisions of the Agreement; or (3) the requirement made by the Company that the Executive change his manner of performing his responsibilities so as to require his office be more than 40 miles from his (the
Executive’s) current office location (615 North Wabash Avenue, Chicago, IL 60611). 
 (d) Termination by the Company Other Than for
Cause or Disability or Termination by the Executive Without Good Reason. The Executive’s employment with the Company may be terminated on written notice at any time during the Employment Term by the Company other than for Cause or
Disability or by the Executive without Good Reason. 
 (e) Notice of Termination. Any termination by the Company for Cause, or by the
Executive for Good Reason, shall be communicated by Notice of Termination to the other party. For purposes of this Agreement, a “Notice of Termination” means a written notice which (1) indicates the specific termination provision in
this Agreement relied upon, (2) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (3) if
the Date of Termination (as defined in Section (e) hereof) is other than the date of receipt of such notice, specifies the termination date (which date shall be not more than 30 days after the giving of such notice). The failure by the
Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the
Executive or the Company, respectively, from asserting such fact or circumstance in enforcing the Executive’s or the Company’s rights hereunder. 
 (f) Date of Termination. “Date of Termination” means (1) if the Executive’s employment is terminated by the Company for Cause, the expiration of the cure period specified in Paragraph 7(b)
hereof, (2) if the Executive’s employment is terminated by the Executive for Good Reason, the date of receipt of the Notice of Termination or any later date specified therein, as the case may be, (3) if the Executive’s employment
is terminated by reason of death or Disability, the date of death of the Executive or the Disability Effective Date, as the case may be, and (4) if the Executive’s employment is terminated by the Company other than for Cause or Disability,
or by the Executive without Good Reason, 30 days after the date of receipt by the non-terminating party of a written notice of termination or such shorter time as the Board thereafter specifies in a written notice to the Executive. 
  

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 8. Obligations of the Company upon Termination of Employment. 
 (a) Termination by the Company Other Than for Cause, Death or Disability or by the Executive for Good Reason. If during the Employment Term,
(i) the Company terminates the Executive’s employment other than for Cause, Death or Disability or (ii) the Executive terminates his employment for Good Reason, then in any such case the Company shall pay to the Executive in a lump
sum in cash within 30 days after the Date of Termination (or, in the event any amounts due cannot be determined within this period, as soon thereafter as is practicable) an amount equal to 1.0 (one) times the sum of (1) the Executive’s
then current Base Salary plus (2) the average of his three most recent annual bonuses, or if the Executive is with the Company less than three years, then the average annual bonuses prorated over the period with the Company. The provisions of
this Subparagraph 8(a) shall not affect any rights of the Executive under the Company’s benefit plans or programs. 
 (b) Termination
as a result of the Executive’s Disability or Death. If during the Employment Term, the Executive’s employment is terminated by reason of the Executive’s Disability or death, then the Company shall pay to the Executive or the
Executive’s legal representatives in a lump sum in cash within 30 days after the Date of Termination (or, in the event any amounts due cannot be determined within this period, as soon thereafter as is practicable) an amount equal to 1.0 times
the sum of (1) the Executive’s then current Base Salary plus (2) the average of his three most recent annual bonuses. The provisions of this Subparagraph 8(b) shall not affect any rights of the Executive’s heirs, administrators,
executors, legatees, beneficiaries or assigns under the Company’s benefit plans or programs. 
 (c) Termination by the Company for
Cause or by the Executive other than for Good Reason. If during the Employment Term (i) the Executive’s employment is terminated by the Company for Cause, (ii) the Executive voluntarily terminates his employment not for Good
Reason and not following a Change of Control as provided in subsection (d) below, then the Company shall have no further obligation to the Executive other than the obligation to pay to the Executive (A) his Base Salary through the Date of
Termination and (B) any other compensation and benefits due to the Executive in accordance with this Agreement, in each case to the extent theretofore unpaid. 
 (d) Termination following Change of Control. If the Executive’s employment is terminated for any reason during the one year period following a Change of Control of the Company, or if such employment is
terminated by the Executive, for any reason, during the period beginning six months and ending twelve months following a Change of Control, then the Company shall pay to the Executive or the Executive’s legal representatives in a lump sum in
cash on the date of such termination an amount equal to 2 (two) times the sum of (1) the Executive’s Base Salary as of the date of the Change of Control plus (2) the average of his three most recent annual bonuses; provided that, the
payment under this paragraph (d) shall be in lieu of any payment under paragraphs (a), (b) or (c) above, and if the Executive has already received 

  

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any such payment, the payment under this paragraph (d) shall be reduced, but not below zero, by the amount of such other payment. For the purpose of
this Agreement, a “Change of Control” shall have been deemed to have occurred if at any time during the Employment Term: 
 (i) the Company sells or otherwise disposes in an arms length transaction assets of the Company having a fair market value of at least 60% of the total assets of the Company and its subsidiaries on a consolidated basis, or the Company sells
or otherwise disposes of a majority of the equity ownership or voting control of any member of any corporation or other entity holding substantially all of the assets of the Company, in a single transaction or series of related transactions, or

 (ii) acquisition by (A) any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of
the Exchange Act) (a “Person”) or (B) two or more Persons of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than 50% of either (1) the shares of Common Stock outstanding
immediately after such acquisition (the “Company Common Stock”) or (2) the combined voting power of the voting securities of the Company entitled to vote generally in the election of directors outstanding immediately after such
acquisition (the “Company Voting Securities”); provided, however, that for purposes of this subsection (i) the following acquisitions of securities shall not constitute or be included when determining whether there has been a Change
of Control: (1) any acquisition by the Company, or (2) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or 
 (iii) consummation of a reorganization, merger or consolidation or the sale or other disposition of all or substantially all of the assets
of the Company, or the acquisition of the assets of another corporation by the Company (in each case, a “Business Combination”), unless, following any such Business Combination, (A) all or substantially all of the individuals and
entities who were the beneficial owners, respectively, of the Company Common Stock and Company Voting Securities outstanding immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of, respectively, the
then outstanding shares of common stock or the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination
(including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions
as their ownership, immediately prior to such Business Combination, of the Company Common Stock and Company Voting Securities outstanding, as the case may be, (B) no Person (excluding any corporation resulting from such Business Combination or
any employee benefit plan or related trust of the Company or any corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 50% or more of, respectively, the then outstanding shares of common stock of the
corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed 

  

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prior to the Business Combination and (C) at least a majority of the members of the board of directors of the corporation resulting from such Business
Combination were members of the Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination. 
 9. Golden Parachute Provision. 
 In the event that in the opinion of tax counsel selected by the
Executive and compensated by the Company (“Executive’s Tax Counsel”), a payment or benefit received or to be received by the Executive following his termination of employment (whether pursuant to the terms of this Agreement or any
other plan, arrangement or agreement with the Company or any of its subsidiaries, affiliates or divisions) (collectively, with the payments provided for in the foregoing provisions of Paragraph 8, the “Post Termination Payments”) would be
subject to excise tax (in whole or in part) as a result of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and as a result of such excise tax, the net amount of Post Termination Payments retained by the
Executive (taking into account federal and state income taxes and such excise tax) would be less than the net amount of Post Termination Payments retained by the Executive (taking into account federal and state income taxes) if the Post Termination
Payments were reduced or eliminated as described in this Paragraph 9, then the Post Termination Payments shall be reduced or eliminated until no portion of the Post Termination Payments is subject to excise tax, or the Post Termination Payments are
reduced to zero. For purposes of this limitation (i) no portion of the Post Termination Payments the receipt or enjoyment of which the Executive shall have waived in writing prior to the date of payment following termination of the Post
Termination Payments shall be taken into account, (ii) no portion of the Post Termination Payments shall be taken into account which in the opinion of Executive’s Tax Counsel does not constitute a “parachute payment” within the
meaning of Section 280G(b)(2) of the Code, (iii) the Post Termination Payments shall be reduced only to the extent necessary so that the Post Termination Payments (other than those referred to in clauses (i) and (ii)) in their
entirety constitute reasonable compensation for services actually rendered within the meaning of Section 280G(b)(4) of the Code or are otherwise not subject to excise tax, in the opinion of Executive’s Tax Counsel, and (iv) the value
of any non-cash benefit and all deferred payments and benefits included in the Post Termination Payments shall be determined by the mutual agreement of the Company and the Executive in accordance with the principles of Sections 280G(d)(3) and
(4) of the Code. 
 10. Governing Law; Arbitration; Jurisdiction; Attorneys’ Fees. 
 This Agreement is made and entered into and will be governed by and interpreted in accordance with the laws of and before the courts of the State of
Illinois. The Company and the Executive agree that any dispute regarding this Agreement that cannot be resolved amicably by the parties, will be submitted to arbitration within 60 days of the date the dispute arose and will be resolved in accordance
with the rules of the American Arbitration Association for expedited cases then in effect. The arbitrator will be mutually selected by the parties or in the event the parties cannot mutually agree, then appointed by the American Arbitration
Association. Any arbitration will be held in Chicago, Illinois and the arbitrator will apply Illinois law. Judgment 

  

 11 

 
upon any award rendered by the arbitrator will be final and binding and may be entered in any court of competent jurisdiction. The Company will have the
absolute right to seek equitable remedies in any state court of competent jurisdiction in the State of Illinois, County of Cook, or in a United States District Court in the State of Illinois pursuant to Paragraph 6(b) hereof. The parties shall be
responsible for their own costs and expenses under this Paragraph 10; provided, however, all costs, fees and expenses (including reasonable attorneys’ fees associated with such arbitration and court action to enforce judgment upon any award
made by an arbitrator) shall be borne by the Company if the Executive prevails. 
 11. Miscellaneous. 
 (a) Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and
supersedes any and all previous agreements, written or oral, regarding the subject matter hereof between the parties hereto. This Agreement shall not be modified or amended, except by a written agreement signed by the parties hereto. 
 (b) Notices. All notices, requests, demands and other communications required or permitted to be given or made under this Agreement shall be in
writing and shall be deemed to have been given if delivered by hand, sent by generally recognized overnight courier service, telex or telecopy with confirmation of receipt, or mail: 
  

	 	(i)	to the Company: 

 Navigant Consulting, Inc. 
 Attn: General Counsel 
 615 N. Wabash Avenue

 Chicago, Illinois 60611 
  

	 	(ii)	to the Executive: 

 David E. Wartner 
 260 Hagans Avenue 
 Elmhurst, Illinois 60126

 or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications will be effective
when actually received by the addressee. 
 (c) Indemnification. 
 To the fullest extent permitted by law and in addition to any other rights permitted or granted under the Company’s certificate of formation and
operating agreement, each as amended to date, or any agreement or policy of insurance, or by law, the Company shall indemnify the Executive if the Executive is made a party, or threatened to be made a party, to any threatened, pending, or
contemplated action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that the Executive is or was an employee, officer or director 

  

 12 

 
of the Company or any subsidiary of the Company, in which capacity the Executive is or was serving at the Company’s request, against any and all costs,
losses, damages, judgments, liabilities and expenses (including reasonable attorneys’ fees) which may be suffered or incurred by his in connection with any such action, suit or proceeding; provided, however, that there shall be no
indemnification in relation to matters as to which the Executive is adjudged to have been guilty of fraud or bad faith or as a result of the Executive’s material breach. 
 (d) Successors. 
 This Agreement is
personal to the Executive and without the prior written consent of the Company it shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement will inure to the benefit of and be enforceable
against the Executive’s legal representatives. This Agreement will inure to the benefit of and be binding upon the Company and its successors and assigns. The Company will require any successor (whether direct or indirect, by purchase, merger,
consolidation, share exchange or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required
to perform it if no such succession had taken place. For purposes of this Agreement, the term “Company” means the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to
perform this Agreement by operation of law, or otherwise. 
 (e) Severability. If any provision of this Agreement is held invalid or
unenforceable, either in its entirety or by virtue of its scope or application to given circumstances, such provision will thereupon be deemed modified only to the extent necessary to render such provision valid, or not applicable to given
circumstances, or excised from this Agreement, as the situation may require, and this Agreement will be construed and enforced as if such provision had been included herein as so modified in scope or application, or had not been included herein, as
the case may be. Should this Agreement, or any one or more of the provisions hereof, be held to be invalid, illegal or unenforceable within any governmental jurisdiction or subdivision thereof, the Agreement or any such provision or provisions will
not as a consequence thereof be deemed to be invalid, illegal or unenforceable in any other governmental jurisdiction or subdivision thereof. 
 (f) Waiver. The Executive’s or the Company’s failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, will not be
deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 
 (g) Counterparts. This
Agreement may be executed in two counterparts, each of which will be deemed an original and both of which taken together will constitute a single instrument. 
 (signature page follows) 
  

 13 

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

  

			
	  
 David E.
Wartner

	
	Navigant Consulting, Inc.
		
	By	 	  

		 	Ben W. Perks
		 	Executive Vice President and
		 	Chief Financial Officer

  

 14Lease Agreement

 Exhibit 10.1 
 LEASE SCHEDULE NO. 003X 
 “This Lease Schedule No. 003X replaces Lease Schedule
No. 003R.” 
 This Lease Schedule is issued pursuant to the Lease Agreement Number TR051905 dated May 19, 2005. The terms of the Lease
Agreement and serial numbers contained on Certificate of Acceptance Numbers TR051905-003-001 thru TR051905-003-014 are a part hereof and are incorporated by reference herein. 
  

			
	LESSOR	  	LESSEE
	 Farnam Street Financial, Inc.
	  	 Transcend Services, Inc.

	 240 Pondview Plaza
	  	 945 East Paces Ferry Road

	 5850 Opus Parkway
	  	 Suite 1475

	 Minnetonka, MN 55343
	  	 Atlanta, GA 30326

		
	SUPPLIER OF EQUIPMENT	  	LOCATION OF EQUIPMENT
	 Various
	  	 Various

 Term of Lease from Commencement Date: 24 Months 
 Monthly Lease Charge: $25,113.04 
 Delivery and Installation: October 2005 – March 2006 
 Commencement Date: April 1,
2006 
 Security Deposit: $26,258.00. At the end of the applicable lease term, provided that there is no event of default, this security deposit will be
returned to Lessee. 
 EQUIPMENT 
  

							
	MANUFACTURER	 	QTY	 	MACHINE/MODEL	 	EQUIPMENT DESCRIPTION (including features)

 See Attachment A 
 All of the Equipment on this Lease Schedule shall be defined as a total of $589,116.98. Interim rent due prior to the Commencement date shall not reduce or offset Lessee’s post-Commencement Monthly Lease Charge
obligations hereunder. 
  

									
	Every Term is Agreed to and Accepted:	 		 	Every Term is Agreed to and Accepted:
			
	 FARNAM STREET FINANCIAL, INC.
                 “LESSOR”
	 		 	 TRANSCEND SERVICES, INC.
                 “LESSEE”

					
	 By:
	 	 /s/ Steven C. Morgan
	 		 	 By:
	 	 /s/ Lance Cornell

	 Print Name:
	 	 Steven C. Morgan
	 		 	 Print Name:
	 	 Lance Cornell

	 Title:
	 	 President
	 		 	 Title:
	 	 CFO

	 Date:
	 	 April 3, 2006
	 		 	 Date:
	 	 3/30/06

			
	Lease Agreement Number: TR051905	  	Page 1 of 3
		
	Lease Schedule Number:     003X	  	

 ATTACHMENT A 
  

							
	 MANUFACTURER
	  	QTY	  	 MACHINE/MODEL
	  	 EQUIPMENT DESCRIPTION (incl. features)

	 COMPAQ
	  	1	  	0EXT12R-332	  	 Compaq ML 330 W2000 Rack Integration Gateway

	 COMPAQ
	  	l	  	0EXV03R-337	  	 Compaq ML370 G3 Voice Response Server, Rack

	 COMPAQ
	  	8	  	286776-B22	  	 36.4GB HD U320 SCSI HPLUG 15K RPM

	 COMPAQ
	  	2	  	356820-B21	  	 Compaq Proliant DL858 with two opteron 2.2GHz 2GB PC2100

		  		  		  	 DDR SDRAM 266HMz 24XCD Embedded Dual Gigabit Ethernet

		  		  		  	 ADAP Smart Array

	 COMPAQ
	  	24	  	CT479175	  	 Crucial 2GB PC3200 DDR SDRAM 2X1GB

	 DEPARTMENT OF REVENUE
	  	1	  		  	 Sales Tax

	 DEPARTMENT OF REVENUE
	  	1	  		  	 Sales Tax

	 DEPARTMENT OF REVENUE
	  	1	  		  	 Sales Tax

	 DEPARTMENT OF REVENUE
	  	1	  		  	 Sales Tax

	 DEPARTMENT OF REVENUE
	  	1	  		  	 Sales Tax

	 DICTAPHONE
	  	1	  	502758	  	 Brooktrout 4-port Unicersal Fax Card

	 DICTAPHONE
	  	1	  	0EXT08R-238	  	 SRVR HWText G3 DL380R W2K 1.0GB

	 DICTAPHONE
	  	8	  	NTC002S-102	  	 Xcription SW Upgrd Word Client to Work Client w/xnet

	 DICTAPHONE
	  	8	  	148649	  	 USB Foot Control Adapter

	 DICTAPHONE
	  	1	  	139073	  	 EXT Version 4.x to 6.x Upgrade Software

	 DICTAPHONE
	  	1	  	1000024	  	 EXVoicc System Audit Events License

	 DICTAPHONE
	  	1	  	0EXV11R-038	  	 SRVR HW Data GL DL380R W2K l.GB SDRAM

	 DICTAPHONE
	  	1	  	0EXT13R-136	  	 Print Route - DL 360 Version

	 DICTAPHONE
	  	2	  	0139227-MFG	  	 12 Port Universal PCI Voice Kit

	 DICTAPHONE
	  	1	  	0139075-001	  	 EXV Build 6 Upgrade - Software Only

	 DICTAPHONE
	  	8	  	0139074-103	  	 Transcription Software

	 DICTAPHONE
	  	1	  		  	 Professional Services

	 DICTAPHONE
	  	1	  		  	 Maintenance 24x7

	 DICTAPHONE
	  	1	  		  	 Data Mirgration Fee

	 DICTAPHONE
	  	1	  		  	 Installation

	 DICTAPHONE
	  	1	  	0502752-106	  	 Software Upgrd to Business Server V9.0 Captaris

	 DIGITAL VOICE SYSTEMS
	  	1	  	BT003391707	  	 VRS 24 Port Card

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Mouse

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Onboard NIC

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Pentium IV 2.4GHz Processor

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Pervasive SQL Database 2000i (5 User)

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Remote Diagnostics

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Smart VA UPS 1500

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Keyboard

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Windows 2003 Server (5 User)

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Dual 460 Watt Power Supplies

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Training

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Installation

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 17” Monitor

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 DVI Series IV Dictation System

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Analog Telephone Interface Card for 24 Port Card

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 Advantech Heavy Duty Enclosure

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 62X CD ROM

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 512 MB RAM

	 DIGITAL VOICE SYSTEMS
	  	2	  		  	 40% Deposit Due on DVI Series Dictation System

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 2000+ Hours RAID 1 SATA Storage

	 DIGITAL VOICE SYSTEMS
	  	1	  		  	 DVI Voice Power Version 7.23

	 EMC
	  	1	  	N502-FD	  	 FS502-FD - 2 DM NS500 Field Install

	 EMC
	  	1	  		  	 7X24X365 - EMC 1st and 2nd year Warranty HW Maintenance

			
	Lease Agreement Number: TR051905	  	Page 2 of 3
		
	Lease Schedule Number:     003X	  	

 ATTACHMENT A 
  

							
	 MANUFACTURER
	  	QTY	  	MACHINE/MODEL	 	 EQUIPMENT DESCRIPTION (incl. features)

	 EMC
	  	1	  	NASSFTPP	 	NASSFTPP - PRPAID NAS SFT
	 EMC
	  	1	  	SYMMOD-US	 	SYMMOD-US - Modern United States
	 EMC
	  	29	  	NS-2G10-300	 	NS-2G10-300- 300GB FC 10K 2GB
	 EMC
	  	1	  	NS-2G10-300-HS	 	NS-2G10-300-HS - NS 10K 300GB Hot Spare
	 EMC
	  	1	  	NS-2PDAE-FD	 	NS-2PDAE-FD - CX DAE FC 2GB Expansion
	 EMC
	  	1	  	NS500-AUXFD	 	NS500-AUXFD - NS500 Back-End - No Rack
	 EMC
	  	1	  	NS502C-CIFS-L	 	NS502C-CIFS-L NS500 CIFS License
	 EMC
	  	1	  	NS5-IS-CI-L	 	NS5-IS-CI-L - NS500 ISCSI with CIFS Lic
	 EMC
	  	1	  	NS-CSFD	 	NS-CSFD - CS Falcon SRVER FLD INSTL
	 EMC
	  	1	  	NS-DCD	 	NS-DCD - Celerra CD & Documentation
	 EMC
	  	1	  	NS-ISCSI-DCD	 	NS-ISCSI-DCD - Celerra ISCS1 APP DCD
	 EMC
	  	1	  		 	EMC Snapsure Software Included
	 EWORKZ
	  	1	  		 	Freight
	 EWORKZ
	  	16	  	CT373855	 	2GB 184Pin Dimm DDR for DL585
	 EWORKZ, INC.
	  	36	  		 	Freight
	 EWORKZ, INC.
	  	128	  		 	Freight
	 EWORKZ, INC.
	  	131	  	IN-155	 	IN-155 Foot Pedal
	 EWORKZ, INC.
	  	148	  	Tech Hrly	 	Load Ghost Image
	 HEWLETT-PACKARD
	  	2	  	IC-510012	 	SIIG Sound Wave Pro PCI
	 HEWLETT-PACKARD
	  	4	  	SVM-DDR3200/256	 	Simple Tech 256MB Module
	 HEWLETT-PACKARD
	  	150	  	PX836AA#ABA	 	HP DX 2000 MT P4-2.8A
	 HEWLETT-PACKARD
	  	1	  	J8167A	 	HP Procurve Switch 5308XL-48G
	 HEWLETT-PACKARD
	  	1	  	J4907A	 	HP Pro Curve Switch XL 16 Port 10/100/1000
	 HEWLETT-PACKARD
	  	151	  	IC-510012	 	SIIG Sound Wave Pro
	 HEWLETT-PACKARD
	  	2	  		 	Freight
	 HEWLETT-PACKARD
	  	1	  	IN-155	 	IN-155 Foot Pedal
	 HEWLETT-PACKARD
	  	150	  	CN5614RV-1	 	56K V.92 Internal Modem
	 HEWLETT-PACKARD
	  	150	  	781761581	 	STED Plus Stan 2005 SU
	 HEWLETT-PACKARD
	  	2	  	356820-B21	 	Compaq Proliant DL858 With Two Opteron 2.2GHz 2GB PC2100
		  		  		 	DDR SDRAM 266MHZ 24X CD Embedded Dual Gigabit
		  		  		 	Ethernet ADAP Smart Array
	 HEWLETT-PACKARD
	  	150	  	10363129	 	SAV CORP ED10
	 HEWLETT-PACKARD
	  	2	  		 	Load Ghost Image
	 HEWLETT-PACKARD
	  	150	  	DS710B	 	1.44MB Internal Floppy Drive
	 LABTEC
	  	134	  	970087-0403	 	Labtec Spin 75 PC Multimedia Speakers
	 MICROSOFT
	  	2	  	810-02530	 	Microsoft SQL Server Ent. Edition One Processor Open Business
	 MICROSOFT
	  	1	  	810-05229	 	MS SQL Server Ent Edition Media
	 MICROSOFT
	  	1	  	P72-00264	 	MS Windows Server 2003
	 MICROSOFT
	  	150	  	070-02632	 	Microsoft Works 8.0 WIN32 English OLP NL
	 MILNER VOICE & DATA
	  	1	  	TDB00J	 	Fusion Voice Manager Concurrent, 5 Pack
	 MILNER VOICE & DATA
	  	1	  	TDB00K	 	Fusion Voice Messaging
	 MILNER VOICE & DATA
	  	1	  	TDB00M	 	Fusion Voice Export Lic, Upgrade 50 to Unlimited
	 MILNER VOICE & DATA
	  	1	  	TDB00H	 	FV Vault Tolerant Module
	 MILNER VOICE & DATA
	  	20	  	TDB002	 	FVP Port License
	 MILNER VOICE & DATA
	  	1	  	ATB002	 	Dolbey Allowance
	 MILNER VOICE & DATA
	  	1	  	TDB001	 	Fusion Voice Server, FVS 235
	 MTI
	  	1	  		 	Freight
	 MTI
	  	1	  	MTI-PS-Custom	 	MTI-PS-Custom - Custom MTI Professional Services Engagement
	 OLYMPUS
	  	134	  	146023	 	Olympus E99 Headset Digital Voice Recorder
	 SIMPLE TECH
	  	296	  	SVM-DDR3200/256	 	Simple Tech 256MB Module
	 TRIDIA CORPORATION
	  	1	  	ITIMAP	 	iTivity- Maintenance (MAP) 1 Year

			
	Lease Agreement Number: TR051905	  	Page 3 of 3
		
	Lease Schedule Number:     003X	  	

 ATTACHMENT A 
  

							
	 MANUFACTURER
	  	QTY	  	MACHINE/MODEL	  	 EQUIPMENT DESCRIPTION (incl. features)

	 TRIDIA CORPORATION
	  	1	  	ITIVODM	  	iTivily - 21 connection
	 VIEWSONIC
	  	144	  	E70B-11	  	Viewsonic 17” CRT Black Monitor

  

									
	Agreed to and Accepted:	 		 	Agreed to and Accepted:
			
	 FARNAM STREET FINANCIAL, INC.
                 “LESSOR”
	 		 	 TRANSCEND SERVICES, INC.
                 “LESSEE”

					
	 By:
	 	 /s/ Steven C. Morgan
	 		 	 By:
	 	 /s/ Lance Cornell

	 Print Name:
	 	 Steven C. Morgan
	 		 	 Print Name:
	 	 Lance Cornell

	 Title:
	 	 President
	 		 	 Title:
	 	 CFO

	 Date:
	 	 April 3, 2006
	 		 	 Date:
	 	 3/30/06

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