Document:

Summary of supplemental benefits provided to elected officers of Unisys Corp

 Exhibit 10.29 
 

 
 EXECUTIVE SUPPLEMENTAL BENEFITS/POLICIES
UNIQUE TO ELECTED OFFICERS 
 Annual Physical Examination 
 Unisys offers you an opportunity to participate in the Executive Health Program through the University of Pennsylvania Health System. This is an important benefit that
provides comprehensive health screening and risk reduction services tailored to your needs and schedule at no cost to you. Alternatively, if you choose not to participate in the program, you are eligible to obtain an annual company-paid physical
examination from your personal physician. Amounts paid on your behalf are treated as imputed income. 
 Executive Death Benefit 
 As an elected officer, you may elect up to $50,000 group universal life insurance coverage under the Company-Provided Life Insurance Plan. In addition, subject to
underwriting approvals and applicable corporate governance requirements, elected officers are eligible for supplemental death benefits under the Executive Death Benefit Only Program. During active employment, the program provides a death benefit
equal to 4 times your base salary plus target bonus under the Executive Variable Compensation Plan. At retirement, if you remain eligible, the program provides a death benefit equal to 2.5 times your base salary immediately prior to retirement.

 Financial Counseling – Tax Preparation Services 
 Unisys pays for financial counseling services including investment planning, estate planning, and/or tax preparation, up to an annual limit. You pay for the services, and Unisys will reimburse you up to your annual limit. 
  

				
	 Role
	  	Annual Maximum
	 CEO
	  	$	7,500
	 Executive Vice President
 Senior Vice President
	  	$	5,000
	 Elected Officer VP
	  	$	4,000

 You may use any service provider except for the Unisys corporate auditor (currently KPMG). Amounts reimbursed
under this program are treated as imputed income. 
 Spousal Travel 
 Spouses may travel with executives on business trips only when spousal attendance is required. Expenses for spousal travel are treated as imputed income with a tax gross-up, i.e., Unisys pays the taxes on your behalf
so there is no net impact to you. 
 Stock Option Transferability 
 Elected officers may choose to transfer the ownership of their stock options to a family member or trust. 
 Please note: This communication
describes in a summary fashion or refers to certain Unisys benefit and compensation plans and programs, without going into all of the details. The provisions of the applicable plan/program documents solely determine the legal rights and obligations
of any person. In the event of any discrepancy between these communications and the official plan/program documents, the applicable plan/program documents (including any amendments), as interpreted by the plan/program administrator, in his/her/its
sole discretion, will always govern. Unisys reserves the right to amend or terminate any or all of its benefit and compensation plans, in whole or in part, at any time and for any reason without prior notice or consent, to the extent permissible
under applicable law. 

 

 
 EXECUTIVE SUPPLEMENTAL BENEFITS/POLICIES
UNIQUE TO ELECTED OFFICERS 
 (continued) 
  

 Stock Ownership Guidelines 
 Elected officers are subject to stock ownership guidelines based on a fixed number of shares of Unisys stock as follows: 
  

					
	 CEO
	  	200,000	  	Shares
	 EVP
	  	75,000	  	Shares
	 SVP
	  	45,000	  	Shares
	 VP
	  	25,000	  	Shares

 Elected officers are required to achieve their target by the later of April 1, 2010 or 5 years from becoming
an officer. 
 IMPORTANT: Trading Windows (Quarterly) 
 In
addition to other trading restrictions that may be imposed under the policy or applicable law, elected officers must limit their sale of Unisys common stock to periods commencing five (5) trading days after the release by Unisys of its
quarterly or annual financial results and ending twenty-one (21) calendar days after the commencement of the trading period. 
 February
2009 
 Please note: This communication describes in a summary fashion or refers to certain Unisys benefit and compensation plans and programs, without going
into all of the details. The provisions of the applicable plan/program documents solely determine the legal rights and obligations of any person. In the event of any discrepancy between these communications and the official plan/program documents,
the applicable plan/program documents (including any amendments), as interpreted by the plan/program administrator, in his/her/its sole discretion, will always govern. Unisys reserves the right to amend or terminate any or all of its benefit and
compensation plans, in whole or in part, at any time and for any reason without prior notice or consent, to the extent permissible under applicable law.Agreement date May 1, 2007 - Richard Marcello

 Exhibit 10.31 
  

					
	Brian Krueger	  	Unisys Corporation	  	215 986 5558
	 Vice President
	  	Unisys Way	  	Fax
	 Global Recruiting
	  	Blue Bell PA 19424	  	215 986 0618

 UNISYS 
 May 1, 2007 
 Richard Marcello 
 19 Pinnacle Road

 Harvard, MA 01451 
 Dear Rich:  
 CONGRATULATIONS! 
 I am pleased to extend an offer of
employment to you as President, Systems & Technology of Unisys Corporation, reporting to Joe McGrath. This position will be based in Blue Bell, Pennsylvania. At our next regularly scheduled Board of Directors meeting, we will recommend you
for election as a corporate officer, Sr. Vice President of Unisys Corporation. Attached is the Unisys Elected Officer Supplemental Benefits Summary. 
 This
offer is made to you at a monthly salary of $37,500, which is equivalent to $450,000 annual salary. The Unisys preferred method of salary payment is through direct deposit to the employee’s bank account. You will be eligible to participate in
the 2007 Executive Variable Compensation Plan (“2007 EVC Plan”) with a target of 85% of your base salary in effect at the end of the plan year. During your first year, your incentive target will be guaranteed pro-rata from your start date
through the end of the calendar year and will be paid at the same time that other participants in the 2007 EVC Plan are paid or would have been paid. For 2008, your incentive target will be guaranteed pro-rata from January 1, 2008 until
May 13, 2008. You will be paid the guaranteed portion of your bonus at the same time that other bonuses for other participants in the 2008 Executive Variable Compensation Plan (“2008 EVC Plan”) are paid or would have been paid. To the
extent permitted by applicable law, you must continue to be actively employed on a full-time basis through the 2007 EVC Plan and 2008 EVC Plan payout dates to be eligible to receive an award for that particular year. Incentive payouts and
participation for the remainder of 2008 and for subsequent years will be determined in accordance with the terms of the incentive plan then in effect or any other incentive plan for which you may be eligible. 
 In addition, a recommendation will be made to the Compensation Committee of the Board of Directors at its next scheduled meeting that you be granted 50,000 restricted
stock units (“RSUs”), awarded under the terms of the 2003 Long-Term Incentive and Equity Compensation Plan. These RSUs will vest 1/3 on the first anniversary of the date of grant (rounded up to the nearest whole share), 1/3 on the second
anniversary of the date of the grant and the remainder on the third anniversary of the date of the grant and will be payable in shares of Unisys common stock. The date of grant will be the later of the date of the Compensation Committee meeting or
the day after your hire date. You will be required to sign a restricted stock unit award agreement containing a non-compete clause and this agreement must be returned in its entirety within sixty days of the date of receipt. 
 A recommendation will also be made to the Compensation Committee of the Board of Directors at its next scheduled meeting, that you be awarded a stock option grant of
50,000 shares of Unisys Common 

 Rich Marcello 
 May 1,
2007 
 Page 2 of 4 
 Stock, which is conditional on your signing
a Stock Option Agreement containing a non-compete clause. This agreement is issued from Executive Compensation after your recommended grant is approved. You will have sixty days from date of receipt to sign and return your agreement, or your grant
may be forfeited. The grant price will be the fair market value on the date of grant, which is the later of the date of the Compensation Committee meeting or the day after your hire date. For these purposes, fair market value is defined as, the
grant price on any date, the average of the high and low quoted sales prices of a share of Company Common Stock, sold regular way, through the close of the New York Stock Exchange at 4:00 PM US Eastern Standard Time on such date or, if there were no
sales on such date, on the last preceding date on which a sale was reported. The vesting of shares of stock subject to the stock option grant is as follows: 1/3 on the first anniversary of the date of grant (rounded up to the nearest whole share),
1/3 on the second anniversary of the date of the grant and the remainder on the third anniversary of the date of the grant. This stock option grant will expire on the fifth anniversary of the date of grant. 
 In addition, Unisys will also provide you with a sign-on bonus payment of $50,000 within the first month of your employment. Should you leave prior to completing 12
months of service you are required to repay in full. Any unpaid amounts will be deducted from your final paycheck and/or any other amounts due to you from Unisys – including (but not limited to): bonuses, travel reimbursements, commissions
– to the extent permitted by law. Any amounts recovered by Unisys shall not relieve your obligation to repay in full. 
 The For Your Benefit
brochure provides an overview of the Unisys benefits programs. Unisys provides Day One Coverage for some of the benefits offered, and allows you to make your elections prior to your first day of employment. Shortly after Unisys receives
acceptance of this offer of employment and signed documentation, you will be sent information from the Unisys Concierge that will instruct you on how to enroll for benefits. As a Unisys employee, you will be immediately eligible to participate in
the Unisys 401 (k) Savings Plan. 
 Employment is contingent upon the completion of required forms, which include, but may not be limited to, the
following: proof of employment eligibility and identity under the Immigration Reform Control Act of 1986 (including making all arrangements necessary to assure the timely completion of the I-9 Employment Eligibility Verification Form within three
(3) days from the start of your employment), and signing of the enclosed Employee Proprietary Information, Inventions and Non-Competition Agreement. This offer is also contingent upon there being no post-employment limitation for you from your
former employer that would prohibit or limit you from performing duties on behalf of Unisys. 
 Unisys is committed to maintaining its competitive position
in the employment marketplace. However, it is agreed that neither this offer of employment, nor the maintenance of personnel policies, procedures and benefits, including, but not limited to those found in the “For Your Benefit” brochure,
creates a contract of employment. 
 Rich, we look forward to you joining the team at Unisys! We expect that you will find many challenges and rewards
awaiting you here. Should you have any questions, please feel free to contact 

 Rich Marcello 
 May 1,
2007 
 Page 3 of 4 
 me at 215-986-5558. Please fax a signed
copy of the last page of this letter and Employee Proprietary Information form to me at 215-986-0618 by Friday, May 4 and send originals via return mail in the enclosed envelope. 
  

	
	Sincerely,
	
	/s/ Brian Krueger
	Brian Krueger
	 Vice President
 Global Recruiting

  
  

	cc:	Joseph W. McGrath 

	 	Pat Bradford 

  

	Enc.	Employee Proprietary Information Form 

	 	Unisys Elected Officer Supplemental Benefits Summary 

	 	For Your Benefit 

	 	Unisys Corporation 2003 Long-Term Incentive and Equity Compensation Plan

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