Document:

exv10w1

Exhibit 10.1

March 13, 2008

PRIVATE & CONFIDENTIAL

Mr. David Hunter

[address]

Employment Letter and Terms and Conditions of Employment Full-Time, Salaried Chief Operating
Officer and Managing Director

Dear David:

On behalf of BearingPoint, Inc. and BearingPoint Australia Pty. Ltd. (collectively, the “Company”),
I am pleased to offer you the positions of Chief Operating Officer and Managing Director, based out
of the Company’s Sydney, Australia office. Although you shall serve as the Chief Operating Officer
for and at the direction of BearingPoint, Inc., you shall be employed by BearingPoint Australia
Pty. Ltd. Your start date (the “Effective Date”) shall be March 13, 2008.

This Employment Letter sets forth certain terms and conditions of your employment. While the
Company does not presently anticipate any required changes as to your primary work location or
reporting structure, these conditions may be modified at the Company’s discretion.

Compensation. For fiscal year 2008 only, your annualized base salary shall be comprised of: (i)
$430,000.00 AUD, inclusive of contributions to the Superannuation Fund, and (ii) three separate
grants of stock options (“Stock Option Grants”) to purchase shares of BearingPoint, Inc.’s common
stock equal to the amounts and on the designated dates (the “Option Grant Dates”) set forth
immediately below, provided that your employment has not terminated prior to any such Option Grant
Date, at an exercise price equal to the last available closing price of the common stock as of the
Option Grant Date. The Stock Option Grants shall vest on the dates (“Vesting Dates”) set forth
immediately below, provided that your employment has not terminated prior to any such Vesting Date.

	 	 	 	 	 
	Stock Option Grants	 	Option Grant Date(s)	 	Vesting Date(s)
	 
	 	 	 	 
	96,334

	 	April 1, 2008
	 	December 31, 2008
	 
	 	 	 	 
	96,333

	 	July 1, 2008
	 	December 31, 2008
	 
	 	 	 	 
	96,333

	 	October 1, 2008
	 	December 31, 2008

 

 

Mr. David Hunter

March 13, 2008

Page 2

The Stock Options will be issued under the BearingPoint, Inc.’s 2000 Long-Term Incentive Plan (as
amended, the “LTIP”). An Award Notice of Stock Option Grant, detailing the various terms of each
grant, shall be issued to you at or around the time of each Option Grant Date. The attached Stock
Option Agreement, together with the related Award Notice of Stock Option Grant, detail the various
terms of the grant of the Stock Options. As further described in the attached Stock Option
Agreement, the Company understands that you propose to transfer the Stock Options to a trust or
similar entity to be formed for your estate and/or tax planning purposes. Prior to any such
transfer, you agree that you shall demonstrate such purpose to the satisfaction of the Company (in
the exercise of its discretion) by providing such documentation and information as requested by the
Company, and the Company shall have the sole discetion in approving any such transfer. In addition
and as provided in the Stock Option Agreement, any such transfer (i) shall be made pursuant to an
Assignment of Stock Options, substantially in the form of Exhibit A attached to the Stock
Option Agreement, with such further changes or modifications thereto as directed by the Company and
(ii) shall be subject to such other terms and conditions and to the execution of such other
agreements and documents as the Company may require. The Company shall have no obligation
whatsoever to consent to any other or subsequent transfer of the Stock Options proposed to be made
by you or any permitted transferee.

In addition to any transfer restrictions set forth in the Stock Option Agreement or in any other
applicable agreement, neither you nor any of your permitted transferees will be permitted to sell
any shares of BearingPoint, Inc.’s common stock you (or your permitted transferee) may receive upon
exercise of any Stock Options, except: (i) in compliance with Company policies applicable to the
Company’s executive officers, and (ii) in compliance with applicable securities laws.

Duties; Reporting; Termination. You will have such duties and responsibilities as are commensurate
with your position as Chief Operating Officer of BearingPoint, Inc. As Chief Operating Officer,
you will report directly to the Chief Executive Officer and, at least annually, your performance
will be reviewed by the Chief Executive Officer. Your employment may be terminated by the Company
at any time and for any or no reason. Your employment may be terminated by you with three (3)
months’ prior notice, as provided in your Managing Director Agreement.

Stock Options. In addition to the Stock Option Grants that shall comprise part of your annual base
salary for 2008, effective on the Effective Date (the “Option Grant Date”), you will be provided a
grant of stock options (“Stock Options”) to purchase 1,485,000 shares of BearingPoint, Inc.’s
common stock at an exercise price equal to the last available closing price of the common stock as
of the Effective Date.

The Stock Options will be issued under BearingPoint, Inc.’s LTIP. The Stock Options will vest
ratably (in 25% installments) beginning on the first anniversary of the Option Grant Date and each
one-year anniversary thereafter, so that 100% of the Stock Options shall have vested as of the
fourth anniversary of the Option Grant Date, provided that your employment has not terminated prior
to such date. The attached Stock Option Agreement, together with the related Award Notice of Stock
Option Grant, detail the various terms of the grant of the Stock Options.

In addition to any transfer restrictions set forth in the Stock Option Agreement or in any other
applicable agreement, neither you nor any of your permitted transferees will be permitted to sell
any shares of BearingPoint, Inc.’s common stock you (or your permitted

 

 

Mr. David Hunter

March 13, 2008

Page 3

transferee) may receive upon exercise of any Stock Options, except: (i) in compliance with Company
policies applicable to the Company’s executive officers, and (ii) in compliance with applicable
securities laws.

Annual Performance Bonus. The target amount for your annual performance bonus, for fiscal 2008
only, shall be $750,000.00 USD (pro-rated based upon your Effective Date). Thereafter, the target
amount for your annual performance bonus shall be an amount equal to 100% of your annual base
salary for the year for which the performance bonus is being awarded. Subject to the “Payments
Upon Termination” and “Termination by the Company (other than a Summary Termination)” sections
below, your annual performance bonus, if any, may be paid in cash, equity, or a combination
thereof, as determined by the Compensation Committee. The Compensation Committee shall retain sole
discretion as to whether or not an annual performance bonus has been earned as well as the form of
any annual performance bonus payment. Any annual performance bonus payment shall be subject to
standard withholdings and deductions.

Benefits/Long-Term Incentives. You will be entitled to participate in all employee benefit
(including long-term incentives), fringe and perquisite plans, practices, programs policies and
arrangements generally provided to employees of BearingPoint Australia Pty. Ltd.

Business Expenses. The Company will reimburse you for the travel, entertainment and other business
expenses incurred by you in the performance of your duties in accordance with the Company’s
policies applicable to senior executives as in effect from time to time.

Living Accommodations. BearingPoint will provide reasonable housing accommodations for you during
extended stay periods at our New York, New York location. The Company shall bear no responsibility
or obligation for any other expenses related to your other living expenses, or any other family
expenses associated with travel to and from such residence.

Spousal Travel Expenses. Up to four (4) times per year, the Company will reimburse you for the
reasonable roundtrip airfare expenses incurred by your spouse for the purpose of traveling with
you, or traveling to meet with you, at a location where you are performing your duties and
responsibilities. This shall not include expenses incurred for travel taken as part of, or in
connection with, annual leave or personal leave.

Tax Equalization. In accord with the Company’s International Assignment Tax Equalization Policy,
if and where applicable, you will be tax equalized in respect of Company base salary and bonus
earned during Cross-Border Engagements or Strategic International Assignments.

Tax Preparation. The Company shall reimburse you for reasonable expenses incurred in the
preparation of your annual, individual tax filing obligations.

Payments Upon Termination. Upon termination of your employment, the Company will pay you: (i) any
earned but unpaid annual base salary through the date of termination, (ii) any earned but unpaid
annual bonus for any preceding year, provided that your employment terminates after the date your
annual bonus has been determined by the Compensation Committee (except in the event of your death
or Disability, in which case the annual bonus will be your actual annual bonus for the prior year
prorated for the period worked), (iii) any unpaid accrued personal days and unreimbursed business
expenses,

 

 

Mr. David Hunter

March 13, 2008

Page 4

(iv) in
the circumstances specified in the “Termination by the Company (other than Summary Termination)”
or the “Special Termination Agreement” sections below, if applicable, the payments specified in the
respective section, and (v) any other amounts due under any of the Company’s benefit plans.
Payment of the amounts specified in the “Termination by the Company (other than Summary
Termination)” section below shall be conditioned upon your execution of a full and binding
unilateral release of all claims arising from or associated with your employment with the Company,
which shall be prepared by, and in form and substance reasonably satisfactory to, the Company (the
“Release Agreement”). Any payments shall be subject to standard withholdings and deductions.

Payments Upon Termination by the Company (other than Summary Termination). Upon termination of
your employment by the Company (other than Summary Termination), and in partial consideration for
the 24-month Restraint Period and related Covenants set forth in your Managing Director Agreement,
the Company will pay you a lump-sum cash amount equal to $1,500,000.00 USD. The lump-sum cash
payment shall be made within 30 days of the date of receipt by the Company of your fully executed
Release Agreement, as specified in the “Payment Upon Termination” section above. Any payments
shall be subject to standard withholdings and deductions. Any payments made pursuant to this
section shall be made in lieu of any obligation to pay any amounts set forth in your Managing
Director Agreement in the event of termination of your employment by the Company.

Special Termination Agreement. Subject to the terms and conditions set forth therein, you shall be
entitled to receive the payments and other benefits specified in your Special Termination
Agreement, a copy of which is attached. During any period that you are eligible to receive
payments and other benefits under the Special Termination Agreement, you shall not be eligible to
receive any payment or other benefits under: (1) clause (iv) of the “Payments Upon Termination”
section above, or (2) the “Termination by the Company (other than Summary Termination)” section
above.

Indemnification. BearingPoint, Inc. will indemnify you to the fullest extent permitted by law and
its Certificate of Incorporation as in effect as of the Effective Date (regardless of any
subsequent changes to such Certificate) with respect to your activities on behalf of the Company.

You will be covered under BearingPoint, Inc.’s Director and Officer liability insurance on the same
basis as other senior level executives of the Company.

BearingPoint, Inc.’s agreement to indemnify you under this heading, “Indemnification and Employee
Representations,” shall survive any termination of this Employment Letter or termination of your
employment.

Employee Representations. It is the policy and practice of the Company to reasonably ensure that
the Company and all new employees honor the terms of any reasonable post-employment restrictions
contained in agreements with prior employers of such new employees.

By accepting this Employment Letter, you affirmatively warrant and represent to the Company that:
(i) your employment with Accenture terminated more than eighteen (18) months before the Effective
Date, and (ii) you are not currently subject to any covenant or restraint of any kind restricting
you from being employed by the Company or from performing your duties as Chief Operating Officer
and Managing Director.

 

 

Mr. David Hunter

March 13, 2008

Page 5

Furthermore, you will never be asked to share, utilize or disclose in any way the proprietary or
confidential information of a prior employer as part of your duties on behalf of the Company. You
agree to promptly notify the Company’s General Counsel if you find yourself in a position of
possibly violating your contractual agreement(s) with prior employers.

 

 

Mr. David Hunter

March 13, 2008

Page 6

Miscellaneous.

	1.	 	This Employment Letter can be amended only in writing signed by both you and the Company. To
the extent this Employment Letter makes reference to or modifies the terms of any other
agreements, the choice of law provision set forth in each of such other agreements shall
continue to govern the terms and conditions of such agreements as well as the interpretation
and construction thereof and any references thereto that are set forth herein. All other
terms and conditions of this Employment Letter, as well as the terms and conditions of your
Managing Director Agreement, shall be governed by and construed in accordance by the laws of
the state of New South Wales, Australia.

	2.	 	In the event of any conflict between the provisions of this Employment Letter and the
provisions of any of the Managing Director Agreement, the Stock Option Agreement, the
Assignment of Stock Options, or the Special Termination Agreement, the terms and provisions in
this Employment Letter shall control.

	3.	 	This Letter Agreement is assignable by the Company only to a successor (whether by merger,
consolidation, purchase or otherwise) to all or substantially all of the stock, assets or
business of the Company, and the Company will require any such successor, by written agreement
in form and substance reasonably satisfactory to you, to expressly assume and agree to perform
this Employment Letter in the same manner and to the same extent that the Company would be
required to perform it if no such assumption had taken place; provided, however, that no such
written agreement shall be required if the transaction results in the successor becoming
legally required to fulfill the obligations of the Company under this Employment Letter,
whether by operation of law or otherwise. Except as expressly provided herein, you may not
sell, transfer, assign, or pledge any of your rights or interests under this Employment
Letter, provided that any amounts due hereunder shall, upon your death, be paid to your estate
unless you have designated a beneficiary therefor in accordance with any applicable plan.

	4.	 	For the purpose of this Employment Letter, notices and all other communications provided for
in this Employment Letter shall be in writing and shall be deemed to have been duly given when
delivered personally or by overnight service or delivered or mailed by certified or registered
mail, return receipt requested, postage prepaid, addressed to the Company at its executive
office or to you at the address on the records of the Company (provided that all notices to
the Company shall be directed to the attention of the Chairman of the Compensation Committee
and the Company’s General Counsel) or to such other address as either party may have furnished
to the other in writing in accordance herewith, except that notice of change of address shall
be effective only upon receipt.

	5.	 	If any provision of this Employment Letter or any portion thereof is declared invalid,
illegal, or incapable of being enforced by any court of competent jurisdiction, the remainder
of such provisions and all of the remaining provisions of this Employment Letter shall
continue in full force and effect. Failure to insist upon strict compliance with any of the
terms, covenants, restraints or conditions of this Employment Letter shall not be deemed a
waiver of such term, covenant, restraint or condition, nor shall any waiver or relinquishment
of, or failure to insist upon strict compliance with, any right or power hereunder at any one
or more times be deemed a waiver or relinquishment of such right or power at any other time or
times. This Employment Letter may be executed in

 

 

Mr. David Hunter

March 13, 2008

Page 7

	 	 	several counterparts, each of which shall be deemed to be an original but all of which together
will constitute one and the same instrument.

	6.	 	It is intended that this Employment Letter will comply with Section 409A of the Internal
Revenue Code and this Employment Letter shall be interpreted in a manner consistent with such
intent. If any provision of this Employment Letter (or of any award of compensation,
including deferred compensation or benefits) would cause you to incur any additional tax or
interest under Section 409A or any regulations or Treasury guidance promulgated thereunder,
the Company shall reform such provision; provided that the Company agrees to maintain, to the
maximum extent practicable and without additional cost to the Company, the original intent and
economic benefit you of the applicable provision without violating the provisions of Section
409A; provided, further, in no event shall you be required to defer the date on which you are
entitled to receive any payment or benefit hereunder for a period in excess of six months.

The items in this Employment Letter, the Managing Director Agreement, the Stock Option Agreement,
the Assignment of Stock Options, and the Special Termination Agreement (together with any exhibits
or award notices applicable thereto) and the other items referred to above represent the Company’s
and your entire agreement with respect to the terms and conditions of your employment following the
Effective Date. Any contrary representations that may have been made to you at any time are
superseded by this Employment Letter.

Please carefully read this Employment Letter and the accompanying Managing Director Agreement,
Stock Option Agreement, Assignment of Stock Options, and Special Termination Agreement (together
with any exhibits or award notices applicable thereto). Signing these documents is a condition of
employment. By signing below, you agree to the terms and conditions of employment specified in
this Employment Letter and the accompanying documents.

If you agree that the foregoing terms and conditions accurately evidence our agreement concerning
your continued employment after the Effective Date, please sign and return this Employment Letter,
the Managing Director Agreement, the Stock Option Agreement, the Assignment of Stock Options, the
Special Termination Agreement and the applicable award notices.

*********

[Remainder of Page Intentionally Left Blank; Signature Page Follows]

 

 

Mr. David Hunter

March 13, 2008

Page 8

Should you have any questions, please contact me or contact Laurent Lutz, our General Counsel, at
(773) 867-6893.

Very truly yours,

/s/ Ed Harbach

Ed Harbach, Chief Executive Officer

BearingPoint, Inc.

	 	 	 	 	 
	 	ACCEPTED:

 	 
	 	/s/ David Hunter       March 13, 2008	 
	 	David Hunter 	 
	 	 	 
	 

Exhibits:

Managing Director Agreement

Stock Option Agreement

Award Notice of Stock Option Grant (LTI)

Award Notice of Stock Option Grant (base example)

Special Termination Agreementexv10w2

Exhibit 10.2

 1 of 10

MANAGING DIRECTOR AGREEMENT

This Managing Director Agreement (“Agreement”) is between BearingPoint Australia Pty. Ltd.
(“BearingPoint”) and David Hunter (“You” and all similar references) as of March 13, 2008 (the
“Effective Date”):

	1.	 	Employment/Exclusive Services. You accept employment as a Managing Director of BearingPoint
from the Effective Date on the terms and conditions of this Agreement (including the attached
Exhibits). Your duties as Managing Director will be advised to you from time to time. You
agree to: (a) devote your professional time and best effort to BearingPoint’s business and to
refrain from professional practice other than on BearingPoint’s behalf; (b) perform all
assigned work faithfully and to the best of your ability at such times and places as
BearingPoint designates; (c) abide by all policies of BearingPoint, current and future,
including the EEO policy attached as Exhibit A, and the Anti-Harassment policy attached as
Exhibit B, as amended from time to time; (d) comply with the Confidentiality and Intellectual
Property Agreement attached as Exhibit C; (e) abide by the terms of the Consent Form,
concerning personal data, attached as Exhibit D; and (f) agree to, and abide with, the list of
Competitive Businesses, attached as Exhibit E. By executing this Agreement, you represent and
confirm that you are not bound by any covenant restricting you from being employed at
BearingPoint or from performing your duties under this Agreement.
	 
	2.	 	Hours. You are employed on a full time basis and are required to work 38 hours each week
during BearingPoint’s ordinary business hours. However, you may also be requested to work
reasonable additional hours as necessary to perform your duties. You acknowledge that working
additional hours is part of your role and that this has been taken into account in setting
your compensation.
	 
	3.	 	Compensation and Benefits. As of the Effective Date, the initial terms and conditions of
your compensation are set forth in your Employment Letter. The amount and form of your
compensation shall be subject to modification at the discretion of BearingPoint. Further:

	 	a.	 	During your employment, you may be eligible to participate in employee compensation or
benefit plans (including group medical), incentive award programs, and employee stock
option or purchase plans, and to receive other benefits that BearingPoint makes generally
available to employees in your position. At its discretion, BearingPoint may amend or
discontinue any of these benefits, including its plans and programs.
	 
	 	b.	 	Company superannuation contributions shall be made in accordance with the minimum
contributions required by legislation, as amended and in force from time to time.
	 
	 	c.	 	As a condition of receiving any stock options or other equity awards, you will be
required to enter into a separate stock option or other agreement that will provide (among
other things) for the termination of your stock options or other equity awards, and a
payment to BearingPoint or its designee of some or all of your gain, if you violate any
part of Sections 1(d), 5, 6, 7 and/or Exhibit C of this Agreement. You also agree and
authorize BearingPoint to deduct or withhold from your base salary or other compensation
amounts which are owed to BearingPoint or for any other lawful purpose.
	 
	 	d.	 	Any bonus or incentive compensation plan or agreement offered to you shall not form a
part of this Agreement.

 

2 of 10

	4.	 	Expenses. BearingPoint will reimburse you for all authorised, reasonable travel and out of
pocket expenses incurred and approved in the course of performing your duties and in
accordance with BearingPoint’s expense reimbursement policy.
	 
	5.	 	Duty of Loyalty. You acknowledge and agree that you owe a fiduciary duty of loyalty,
fidelity and allegiance to act at all times in the best interests of BearingPoint and not to
injure the business, interests, or reputation of BearingPoint. You understand and agree that
you will not divert business from BearingPoint to a Competitive Business, prepare for a future
competitive venture or engage in self-dealing while in BearingPoint’s employ. In keeping with
these duties, you shall make full disclosure to BearingPoint of all business opportunities
pertaining to BearingPoint’s business and shall not appropriate for your future benefit
business opportunities of BearingPoint.
	 
	6.	 	Conflicts of Interest. You understand and agree that any direct or indirect interest in,
connection with, or benefit from any outside activities, particularly commercial or consulting
activities, which might in any way adversely affect BearingPoint, involves a possible conflict
of interest. Consistent with your fiduciary duties to BearingPoint, you agree that you shall
not knowingly become involved in a conflict of interest with BearingPoint or upon discovery of
such a conflict, permit it to continue. You also agree to disclose promptly to BearingPoint’s
General Counsel any facts which might involve such a conflict of interest that has not been
approved by BearingPoint’s Board of Directors.
	 
	7.	 	Covenants. In consideration of your employment, special training, access to Proprietary
Information and eligibility for stock options or other equity awards, you agree to the
following obligations that you acknowledge are reasonably designed to protect BearingPoint’s
legitimate business interests without unreasonably restricting your ability to earn a living
after leaving BearingPoint.

	 	a.	 	Non-Disclosure. To assist you in performing your duties, BearingPoint agrees to
provide you with special training regarding its business methods and access to certain
confidential and proprietary information and materials belonging to BearingPoint and to
third parties, including its Clients and Prospective Clients who have furnished information
to BearingPoint. You will be entrusted with business opportunities of BearingPoint and
placed in a position to use and develop business goodwill on BearingPoint’s behalf. You
agree that all of this non-public and/or commercially sensitive information, including the
identities of BearingPoint’s Clients and Prospective Clients and their key decision makers
or other client or prospect lists, is “Proprietary Information” as defined in Exhibit C.
In keeping with the obligations imposed by Exhibit C, you agree that you will not, at any
time during or after your employment at BearingPoint, make any unauthorized disclosure of
BearingPoint’s Proprietary Information to any third party or otherwise use such Proprietary
Information to BearingPoint’s competitive disadvantage.
	 
	 	b.	 	Non-Competition. While employed with BearingPoint and for the Restraint Period after
your termination or resignation, for whatever reason, you will not, directly or indirectly,
on your own behalf or on behalf of a Competitive Business (as specified in Exhibit E), in
the Restraint Area: (i) engage in, be employed by, or affiliated with a Competitive
Business in which you perform the same or similar duties or responsibilities or provide
comparable services that you performed or provided while employed as a Managing Director of
BearingPoint Australia Pty. Ltd. and/or Chief Operating Officer of BearingPoint, Inc.; (ii)
offer to provide to any Client or Prospective Client similar services in the same line of
business to those which you conducted, provided or offered to provide while employed by
BearingPoint; (iii) render advice or services to, or otherwise assist, any Competitive
Business in rendering advice or services similar to that advice or services offered or
provided by BearingPoint through you or your business unit to any Client or Prospective
Client; (iv) divert or attempt to divert any Client or Prospective Client from BearingPoint
to a Competitive Business; (v) transact any business with any Client or Prospective Client
which, in any manner, would have, or is likely to have, an adverse effect upon
BearingPoint’s existing or prospective business relationships; and/or (vi) develop, acquire or maintain an ownership interest in a
Competitive Business, save that ownership of less than 5% of the outstanding capital stock of
a publicly traded Competitive Business shall not be a violation of this provision. If
BearingPoint abandons a particular aspect of its business (i.e., ceases providing such
services with the intention to permanently refrain from such aspect of the business), then
this covenant shall not apply to such former aspect of BearingPoint’s business.

 

3 of 10

	 	c.	 	Non-Solicitation of Clients and Prospective Clients. During your employment with
BearingPoint and for the Restraint Period after your termination or resignation, for whatever
reason, you agree not to take any action to, or do anything reasonably intended to, solicit
any Client or Prospective Client on your own behalf or on behalf of a Competitive Business
(as specified in Exhibit E) or otherwise influence or attempt to influence any Client or
Prospective Client to cease or refrain from doing business, or reduce the Client’s business,
with BearingPoint. The term “solicit” includes any direct or indirect approach, verbal or
written, to a Client or Prospective Client containing an offer, announcement, request,
petition, solicitation or other entreaty that asks, urges, encourages, invites, moves or
otherwise persuades a Client or Prospective Client to contact or respond to you or a
Competitive Business for business purposes. You understand and agree that impermissible
solicitation includes, but is not limited to, informing any Client or Prospective Client of
your intent to form or join a Competitive Business or announcing to any Client or Prospective
Client your departure from BearingPoint or your forming or joining a Competitive Business.
You also agree not to make any public or private false, derogatory or disparaging comments
about BearingPoint (or its employees) to any Clients or Prospective Clients or act in any
manner that could reasonably be expected to result in damage to the goodwill or business
reputation of BearingPoint.
	 
	 	d.	 	Non-Solicitation of Employees. While employed with BearingPoint and for the Restraint
Period after your termination or resignation, for whatever reason, you agree not to hire,
employ, solicit for employment or attempt to hire (or assist a Competitive Business in
doing so) any employee, contractor or office holder of BearingPoint or any former employee,
contractor or office holder who left BearingPoint within 12 months before or after your
termination or resignation. This prohibition applies to any direct or indirect, written or
verbal, contact for employment purposes and includes, but is not limited to, notice of
alternative job opportunities, responses to employee inquiries, referrals to hiring
managers or providing employee identity, contact, performance or compensation information
to a Competitive Business or its representative. Impermissible solicitation also includes
any direct or indirect offer to engage or retain a BearingPoint employee or former employee
as an employee, agent, consultant, independent contractor or in any other capacity to
perform services for a person or entity other than BearingPoint.

	8.	 	Leave. You are entitled to annual leave; personal leave (which encompasses sick and carer’s
leave), long service leave; compassionate leave, and parental leave in accordance with
applicable law. All leave should be applied for and taken in accordance with BearingPoint’s
leave policy. Your absence on leave counts as service as required by law, but not otherwise.

	 	a.	 	Annual Leave. Annual leave accrues monthly. As a full time employee, you are entitled
to four (4) weeks paid annual leave each year. You are encouraged to take no more than ten
(10) consecutive work days annual leave in each year of employment. Where you hold a
sufficient leave balance, BearingPoint may direct you to take that leave when BearingPoint
shuts down its business or part of its business, such as the period between Christmas and
New Year. Further, when you have accrued at least eight (8) weeks leave, BearingPoint may
direct you to take a period of annual leave. Upon termination of employment, you shall
receive payment for any accrued but untaken annual leave.
	 
	 	b.	 	Personal Leave. You are entitled to ten (10) days paid personal leave each year.
Before granting, during or following any period of personal leave, BearingPoint may require
you to provide Satisfactory Evidence confirming your illness or injury; any illness, injury
or emergency of, or affecting, a Family Member. Unless you cannot do so because of
circumstances beyond your control, you must as soon as practical notify BearingPoint if you
will be absent.
	 
	 	c.	 	Long Service Leave. You are entitled to long service leave in accordance with
applicable legislation and BearingPoint may request long service leave be taken.

	9.	 	Remedies. In the event you breach any of the covenants in section 7, BearingPoint may seek
appropriate damages and/or injunctive relief preventing or enjoining you from undertaking or
continuing to undertake any such activities.

 

4 of 10

	10.	 	Definitions.
	 
	 	 	“BearingPoint” as used throughout this Agreement means BearingPoint Australia Pty. Ltd. and
includes any successor to, and/or subsidiary or related or Related Bodies Corporate of
BearingPoint Australia Pty Ltd with which you become employed or associated.
	 
	 	 	“BearingPoint Services” means any services conducted and provided by BearingPoint Australia Pty.
Ltd. or BearingPoint, Inc. during your employment including, without limitation, management and
information technology services. It shall also mean any services or duties performed by you as
the Chief Operating Officer of BearingPoint, Inc.
	 
	 	 	“Client” means any person, firm, corporation, partnership, association or other entity that is
or was a client of BearingPoint and with which you had direct or indirect contact by virtue of
and in the course of the twelve (12) months preceding the termination of your employment with
BearingPoint or with respect to which you possess information that is proprietary or
confidential to BearingPoint or the client.
	 
	 	 	“Competitive Business” means any person, firm, corporation, partnership, association or other
entity that offers services competitive to BearingPoint Services. For purposes of Sections 7(b)
and 7(c) above “Competitive Business” means one or more of those entities, and their successors
in interest, specified in Exhibit E.
	 
	 	 	“Family Member” means a member of your immediate family or household as those terms are defined
in the Workplace Relations Act 1996 (Cth).
	 
	 	 	“Prospective Client” means any person, firm, corporation, partnership, association or other
entity that is not a Client *(as defined above) but with respect to whom, within twelve (12)
months before your termination or resignation, you: (i) conducted, prepared or submitted, or
assisted in conducting, preparing or submitting, any proposal or client development or marketing
efforts on behalf of BearingPoint (which includes any subsidiary of BearingPoint throughout this
definition), or a related or affiliated entity, (ii) had knowledge of or access to Proprietary
Information or other commercially sensitive information concerning the prospective client, in
connection with your BearingPoint employment; or (iii) as to any person, someone with whom you
interacted as a Client while the person was employed by a Client, but who has since changed
employers or become employed by a non-Client firm, corporation, partnership, association or
other entity in a business decision making role.
	 
	 	 	“Related Bodies Corporate” has the meaning given in the Corporations Act 2001 (Cth).
	 
	 	 	“Restraint Area” means:

	 	§	 	Within the geographic area in which you provided BearingPoint Services during the
twelve (12) months preceding the termination of your employment; or if this is not
reasonable
	 
	 	§	 	Within Australia; or if this is not reasonable
	 
	 	§	 	Within the state or territory in which you provided BearingPoint Services during the
twelve (12) months preceding the termination of your employment; or if this is not
reasonable
	 
	 	§	 	Within the metropolitan areas of Melbourne and/or Sydney, Australia, including all
suburbs.

	 	 	“Restraint Period” means:

	 	§	 	Twenty-four (24) months; or if this is not reasonable
	 
	 	§	 	Eighteen (18) months; or if this is not reasonable
	 
	 	§	 	Fifteen (15) months; or if this is not reasonable
	 
	 	§	 	Twelve (12) months; or if this is not reasonable

 

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	 	§	 	Six (6) months; or if this is not reasonable
	 
	 	§	 	Three (3) months; or if this is not reasonable
	 
	 	§	 	Two (2) months.

	 	 	“Satisfactory Evidence” means evidence satisfactory to BearingPoint, subject to any restrictions
imposed on BearingPoint by law, and may include a medical certificate or statutory declaration,
as required by BearingPoint.
	 
	 	 	“Summary Termination” means BearingPoint shall have the right to terminate your employment, with
immediate effect, if, in BearingPoint’s opinion, it is determined you have engaged in certain
conduct, including but not limited to:

	 	(a)	 	engaging in any act or omission which constitutes serious misconduct (including
but not limited to willful or deliberate behaviour which is inconsistent with the
continuation of this Agreement and conduct that causes serious or imminent risk to
health or safety or the reputation, profitability or viability of BearingPoint’s
business);
	 
	 	(b)	 	in the reasonable opinion of BearingPoint, willfully neglecting to perform or
carry out your duties, functions and responsibilities in a satisfactory manner;
	 
	 	(c)	 	engaging in theft, fraud or assault;
	 
	 	(d)	 	being intoxicated at work;
	 
	 	(e)	 	committing a serious, material or persistent breach or non-observance of this
Agreement;
	 
	 	(f)	 	becoming bankrupt, or suspending payment, or compounding with, or assigning
your estate for the benefit of, your creditors;
	 
	 	(g)	 	being guilty of conduct which, in the reasonable opinion of BearingPoint, might
injure the reputation or business of BearingPoint or bring BearingPoint into disrepute;
	 
	 	(h)	 	being convicted of an indictable offence or enter a plea of guilty to a charge
brought for an indictable offence;
	 
	 	(i)	 	refusing or neglecting to comply with any lawful and reasonable direction given
to you by BearingPoint, or any other person duly authorized by BearingPoint; or
	 
	 	(j)	 	for any reason being unable to carry out the genuine and reasonable
requirements of your position, subject to BearingPoint complying with any applicable
legislation.

	11.	 	Termination and Resignation.

	 	a.	 	Your employment is terminable by BearingPoint, effective immediately or any later date
designated by BearingPoint (the “notice period”), upon written notice to you or your
address of record.
	 
	 	b.	 	Under circumstances which, in BearingPoint’s opinion, warrant Summary Termination,
BearingPoint may terminate your employment effective immediately, with or without written
notice to you or your address of record.
	 
	 	c.	 	Upon termination of employment by BearingPoint, subject to the terms and conditions of
this Agreement, you will be entitled to all earned and unpaid base salary through the
termination date. BearingPoint, in its sole discretion, may require you to perform
services, as detailed in Section 1 of this Agreement, during the notice period prior to
your specified termination date.

 

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	 	d.	 	You may voluntarily terminate your employment with BearingPoint upon three (3) months’
prior written notice directed to the Company’s Chief Executive Officer unless the Chief
Executive Officer or his designee waives this notice requirement in writing.
	 
	 	e.	 	You agree to provide all assistance requested by BearingPoint in transitioning your
duties, responsibilities and Client and other BearingPoint relationships to other
BearingPoint personnel, both during your employment and after your termination or
resignation. You understand and agree that all announcements or other communications
regarding your termination or departure from BearingPoint and the transition of your work
shall be made and handled exclusively by BearingPoint. You further acknowledge and agree
that while you are transitioning your duties and responsibilities throughout your notice
period, BearingPoint is permitted to replace your position, instruct you to remain
available to work as directed, require you to work remotely, and direct you not to perform
your day-to-day functions, and instruct you not to communicate with Clients, Prospective
Clients or current employees.

	12.	 	Mediation and Arbitration. The parties agree that any and all legally cognizable disputes,
claims or controversies arising out of or relating to this Agreement or causes of action
arising from your employment or termination therefrom (including individual or collective
claims for employment discrimination, harassment, retaliation, wrongful termination, or
violations of federal, state, foreign or local law) shall be first submitted to a nationally
recognized alternative dispute resolution (ADR) organization acceptable to both you and to
BearingPoint for mediation, and if the matter is not resolved through mediation, then it shall
be submitted to such organization for final and binding arbitration; The mediation /
arbitration proceedings shall be held in the city to which you are assigned, and based on the
records of such assignment maintained by BearingPoint. Mediation may be commenced by providing
the ADR organization, and the other party a written request for mediation, setting forth the
subject of the dispute and the relief requested. Arbitration with respect to the matters
submitted to mediation may be initiated by filing a written demand for arbitration at any time
following the first mediation session or 45 days after the date of filing the written request
for mediation, whichever occurs first. Either party may seek equitable relief prior to the
mediation or arbitration to preserve the status quo or to seek relief under Sections 5, 6, 7
and/or Exhibit C of this Agreement. Unless otherwise agreed by the parties, the mediator
shall be disqualified from serving as arbitrator. Judgment on the Award may be entered in any
court having jurisdiction. The arbitrator may, in the Award, allocate all or part of the
costs of the arbitration, including the fees of the arbitrator and the reasonable attorneys’
fees of the prevailing party.
	 
	13.	 	Policies. Except where this Agreement provides otherwise:

	 	a.	 	any policies or procedures of BearingPoint do not form part of this Agreement and are
not intended to be contractual in nature; and
	 
	 	b.	 	you acknowledge that BearingPoint may vary or rescind any policies or procedures from
time to time, in its absolute discretion and without any limitation on its capacity to do
so.

	14.	 	Survival. Sections 1(d), 1(e), 3 through 20, and Exhibits C and D shall survive any
termination of this Agreement or your employment (including your resignation).
	 
	15.	 	Entire Agreement. This Agreement is the entire agreement between you and BearingPoint
regarding these matters and supersedes any present or previous verbal and written agreements,
including any previous employment agreement you have had with BearingPoint. In the event of a
conflict between the main body of this Agreement and the Exhibits, the main body of the
Agreement shall control. This Agreement may be modified only by written agreement signed by
you and the Chief Executive Officer or his or her designee. All Section headings are for
convenience only and do not modify or restrict any of this Agreement’s terms.
	 
	16.	 	Agreement is Confidential. This Agreement including any amendment is confidential and may
not be disclosed by you to any other person, other than for the purpose of obtaining
professional legal or accounting advice, without the prior approval of BearingPoint.
	 
	17.	 	Choice of Law. This Agreement shall be governed by the laws of the state of New South Wales,
Australia. You and BearingPoint consent to the jurisdiction and venue of any state or federal
court in New South Wales and agree that any permitted lawsuit may be brought to such courts or
other court of competent

 

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	 	 	jurisdiction. Each party hereby waives, releases and agrees not to
assert, and agrees to cause its Related Bodies Corporate to waive, release and not assert, any
rights such party or its Related Bodies Corporate may have under any foreign law or regulation
that would be inconsistent with the terms of this Agreement as governed by such Australian
law.
	 
	18.	 	Waiver. Any party’s waiver of any other party’s breach of any provision of this Agreement
shall not waive any other right or any future breaches of the same or any other provision.
	 
	19.	 	Severability. If any provision of this Agreement is held invalid or unenforceable for any
reason, it shall be severed from this Agreement and its invalidity shall not affect or nullify
the validity of the remaining provisions of this Agreement. If any provision of this
Agreement is determined to be overly broad in duration, geographical coverage or scope, or
unenforceable or unreasonable for any other reason, the parties intend for the restriction to
be modified or reformed so as to be reasonable and enforceable and, as so modified, to be
fully enforced.
	 
	20.	 	Assignment and Beneficiaries. This Agreement only benefits and is binding on the parties and
their respective Related Bodies Corporate, successors and permitted assigns provided that you
may not assign your rights or duties under this Agreement without the express prior written
consent with the other parties. BearingPoint may assign any rights or duties that it has, in
whole or in part, to other affiliated or subsidiary entities without your consent.
	 
	21.	 	Counterparts. For convenience of the parties, this Agreement may be executed in one or more
counterparts, each of which shall be deemed an original for all purposes.

The parties state that they have read, understood and agree to be bound by this Agreement
(including the attached Exhibits) and that they have had the opportunity to seek the advice of
legal counsel before signing it and have either sought such counsel or have voluntarily decided not
to do so:

	 	 	 	 	 	 	 	 	 	 	 
	BEARINGPOINT AUSTRALIA PTY. LTD.	 	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	/s/ F. Edwin Harbach 	 	 	 	/s/ David Hunter 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	(Signature)	 	 
	Title:
	 	CEO 	 	 	 	David Roland Hunter 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	(Print Employee’s Full Name)	 	 
	Dated:
	 	3/13/08 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	(Employee’s ID)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Dated:
	 	March 13, 2008

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