Document:

Unisys Corporation Elected Officer Pension Plan

 Exhibit 10.17 
 UNISYS CORPORATION 
 ELECTED OFFICER PENSION PLAN 
 AS AMENDED AND RESTATED 
 EFFECTIVE JANUARY 1, 2005 
 ARTICLE I 
 PURPOSE 
  

	1.01	The Unisys Corporation Elected Officer Pension Plan (the “Plan”) has been adopted by Unisys Corporation (the “Company”) to provide a minimum level of retirement
benefits for elected Officers (as defined in Section 2.12 below) of the Company. The Plan is effective June 1, 1988 and applies to any elected Officer or other eligible employee of the Company who terminates employment on or after that
date. This document is an amendment and restatement effective January 1, 2005 and includes all amendments to the Plan made through December 31, 2006. Effective after December 31, 2006, the Plan is frozen and no additional benefits
shall be accrued hereunder. Prior to June 1, 1988, elected Officers of the Company were provided executive pension benefits under the Unisys Corporation Supplemental Executive Retirement Income Plan - Part IV or the Sperry Corporation Executive
Pension Plan. Officers who terminated employment prior to June 1, 1988 will receive executive pension benefits, if any, under the terms of the prior plan in effect on their termination date. 

 ARTICLE II 
 DEFINITIONS 
  

	2.01	“Board” shall mean the Board of Directors of Unisys Corporation. 

  

	2.02	“Company” shall mean Unisys Corporation, a Delaware corporation. 

  

	2.03	“Company Plan” shall mean the Unisys Pension Plan. 

  

	2.04	“Committee” shall mean the Compensation Committee of the Board. 

  

	2.05	“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

	2.06	“Credited Service” shall mean the Participant’s Credited Service, as defined in Article IV. 

  

	2.07	“Disability” shall refer to a Participant who is determined by the Committee or its designee to be unable to perform, because of injury or sickness, each of the
regular duties of the Participant’s occupation for a period of up to 24 months. After 24 months, the Participant will continue to be considered Disabled if the Committee or its designee determines that the Participant cannot perform each of the
regular duties of any gainful occupation for which he or she is fitted by training, education or experience. 

  

	2.08	“Effective Date” shall mean June 1, 1988. 

  

	2.09	“Final Average Compensation” shall mean the Participant’s Final Average Compensation, as defined in the Company Plan, except that any salary amounts deferred
under an arrangement approved by the Board not included by the Company Plan and any amounts excluded from consideration under the Company Plan due to the application of Section 401(a)(17) of the Code shall be included in the calculation of
Final Average Compensation in the month in which such amounts were or would otherwise have been paid; provided, however, that no more than the most recent five annual bonus amounts (whether paid or deferred) shall be included in the calculation of
Final Average Compensation. Notwithstanding any provision in this Plan to the contrary, a Participant’s Final Average Compensation shall not be taken into account after December 31, 2006. 

  

	2.10	“Employee” shall mean any person employed by Unisys Corporation or one of its subsidiaries. 

  

	2.11	“Key Employee” shall mean (i) an officer of the Company or its affiliates having annual compensation greater than $130,000 (adjusted for inflation and limited
to 50 employees), (ii) a five percent owner of the Company and its affiliates, or (iii) a one percent owner of the Company and its affiliates who has annual compensation from the Company and its affiliates greater than $150,000, as
determined by the Committee in a manner consistent with the regulations issued under section 409A of the Code. 

  

	2.12	“Officer” shall mean any officer of the Company elected by the Board, but excluding assistant officers, appointed officers or the general auditor.

  

	2.13	“Participant” shall mean any person entitled to participate in this Plan under Article III. 

  

	2.14	“Plan” shall mean the Unisys Corporation Elected Officer Pension Plan, as set forth herein and as hereafter amended. 

  

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	2.15	“Primary Social Security Benefit” shall mean the annualized amount calculated according to the rules for computing the primary social security benefit payable to a
Participant upon attainment of Social Security Retirement Age under the Federal Social Security Act as in effect at the time the Participant retires. In the event that a Participant retires prior to attainment of eligibility for Social Security
benefits, the Participant’s Primary Social Security Benefit shall be deemed to be 80% of the Primary Social Security Benefit payable at Social Security Retirement Age. In the event the Participant retires after attainment of eligibility for
Social Security benefits, but before Social Security Retirement Age, the Primary Social Security Benefit shall be deemed to be an amount prorated between the benefit payable at Social Security Retirement Age and 80% of such amount. For purposes of
this calculation, it will be assumed that the Participant has no earnings for Social Security purposes beyond the date of retirement. Notwithstanding any provision in this Plan to the contrary, a Participant shall not accrue additional service or
earnings for purposes of determining the Primary Social Security Benefit after December 31, 2006. 

  

	2.16	“Supplemental Plan” shall mean the Unisys Corporation Supplemental Executive Retirement Income Plan-Article I, as amended and restated as of January 1, 2005,
and as amended from time to time. 

  

	2.17	“Change in Control” means any of the following events: 

  

	 	(a)	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (i) the then outstanding shares of common stock of the Company (the “Outstanding
Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided,
however, that for purposes of this subsection (a), the following acquisitions shall not constitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any
employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (iv) any acquisition by any corporation pursuant to a transaction which complies with clauses (i), (ii) and
(iii) of subsection (c) of this Section 2.17; or 

  

	 	(b)	 Individuals who, as of May 25, 1995, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the
Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the 

  

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Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though
such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or 

  

	 	(c)	Consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”),
in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting
Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and 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 Outstanding Company Common Stock and
Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such
Business Combination) beneficially owns, directly or indirectly, 20% 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 prior to the Business Combination and (iii) at least a majority of the members of the board of directors of the corporation resulting from such
Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 

  

	 	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 

  

	2.18	“Date of an Insolvency” shall mean the date on which the Company (i) voluntarily files a petition under the United States Bankruptcy Code, (including a
petition for Chapter 11 reorganization) or (ii) has filed involuntarily against it a petition under the United States Bankruptcy Code and an Order for Relief is entered thereon. 

  

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 Unless otherwise specified, capitalized words and phrases used in this Plan shall have the same meaning as such words or
phrases when used in the Company Plan. 
 ARTICLE III 
 PARTICIPATION AND VESTING 
 3.01 Participation 
 An Officer shall become a Participant in the Plan on the later of (i) the Effective Date or (ii) the effective date on which the Officer is
elected to officer status by the Board. Notwithstanding any provision in this Plan to the contrary, an Employee who is elected as an Officer on or after January 1, 2007 shall not become a Participant in the Plan (or resume participation in the
Plan if rehired). 
 3.02 Vesting 
  

	 	(a)	Each Participant shall acquire a vested right to a retirement benefit calculated in accordance with Article V on the earliest to occur of the following: 

  

	 	(1)	the date on which the Employee attains age 55 and completes 10 years of Credited Service, provided that the Employee is or becomes an Officer on or after such date; or

  

	 	(2)	the date on which occurs a Change in Control or the Date of an Insolvency, provided the Employee is an Officer on such date; or 

  

	 	(3)	for an Employee who is or becomes an Officer on or after January 1, 1997 and before July 19, 2001, the date on which the Employee attains age 50 and completes 5 years
of Credited Service, provided that the Employee is employed by the Company or an Affiliated Company on or after December 31, 1998; or 

  

	 	(4)	The date specified in a written agreement between a Participant and the Company, provided that for agreements entered into on and after May 22, 1997, such agreements must be
approved by the Committee. 

  

	 	(b)	 A Participant who (i) retires from active employment or terminates employment due to Disability or death, or (ii) retires from active 

  

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employment or terminates employment with the Company due to death or Disability within twelve months of ceasing to be an Officer, shall be eligible, upon
application, to receive the retirement and surviving spouse benefits provided in Article V below. 

  

	 	(c)	A former Officer who was a Participant but who continues in active employment for more than twelve months after ceasing to be an Officer shall be eligible, upon application, to
receive a vested annual retirement benefit calculated in accordance with Sections 5.01(a), 5.02, 5.04 and 5.05, utilizing as an offset the amount of benefits payable under the Company Plan and the Supplemental Plan calculated as if the Participant
had elected a single life annuity form of benefit under the Company Plan, and such former Officer shall not be eligible for the survivor benefits described in Section 5.03. This Section 3.01(c) shall not apply after the occurrence of a
Change in Control with respect to any individual who was an Officer on the date of the Change in Control. 

  

	 	(d)	Each Employee who was a participant in a prior plan, but who is not eligible to participate in this Plan, shall continue to have his or her rights to executive pension benefits
determined under such prior plan. 

 ARTICLE IV 
 CREDITED SERVICE 
 4.01 Credited Service 
 Credited Service under this Plan shall be calculated on the basis of Credited Service as defined in the Company Plan for the following periods:

  

	 	(a)	periods of employment as an Officer; and 

  

	 	(b)	up to twelve months of active employment with the Company immediately following termination of Officer status, or, if longer, the number of months of a Company approved leave of
absence due to Disability immediately following termination of Officer status; and 

  

	 	(c)	employment prior to becoming an Officer with the Company including a predecessor or an Affiliated Company or 50% Affiliated Company for the period of time such company was an
Affiliated Company or 50% Affiliated Company. However, if a Participant receives Credited Service under the Company Plan for employment with a company before it became an Affiliated Company or 50% Affiliated Company, Credited Service shall include
the period of employment with such company. 

  

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	 	(d)	Notwithstanding any provision in this Plan to the contrary, a Participant shall not accrue Credited Service for purposes of the calculation of Plan benefits after December 31,
2006, but shall continue to accrue Credited Service for purposes of vesting under Section 3.02 and for purposes of eligibility to receive early retirement benefits and subsidies. 

 ARTICLE V 
 CALCULATION OF BENEFITS

 5.01 Amount of Benefits 
  

	 	(a)	Subject to the adjustments set forth in Section 5.02, a Participant who satisfies the vesting requirements described in Section 3.02(a) shall receive an annual retirement
benefit payable at Normal Retirement Date equal to: 

  

	 	(1)	4% of the Participant’s Final Average Compensation for each year of Credited Service not in excess of 10 including proportional credit for a fraction of a year; plus

  

	 	(2)	1% of the Participant’s Final Average Compensation for each year of Credited Service in excess of 10 (but not in excess of 30) including proportional credit for a fraction of a
year; minus 

  

	 	(3)	50% of the Participant’s Primary Social Security Benefit. 

  

	 	(b)	The benefit payable from this Plan and described in paragraph (a) shall be a monthly benefit paid in the form of a single life annuity if the Participant is unmarried on the
date that the Participant commences receipt of benefits, or in the form of a joint and 50% surviving spouse annuity if the Participant is married on the date the Participant commences receipt of benefits. The benefit payable to a Participant shall
not be reduced or increased as a result of such payment in the surviving spouse benefit form or for any age difference between the Participant and spouse. Other forms of annuity payments may be permitted if allowed under section 409A of the Internal
Revenue Code and regulations issued thereunder. 

 5.02 Early Retirement Prior to Age 62 
 Benefits paid under this Plan shall be reduced by one- half of one percent (0.5%) for each calendar month by which the commencement of benefits precedes
the 

  

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first day of the month coincident with or next following the Participant’s 62nd birthday, provided that benefits cannot commence prior to the first day
of the month coincident with or next following attainment of age 55. 
 5.03 Death Benefits 
  

	 	(a)	In the event of the death of a Participant who, at the time of death, has satisfied the vesting requirements described in Section 3.01(a) above, and who:

  

	 	(1)	has not commenced retirement benefits under this Plan; and 

  

	 	(2)	who has a surviving spouse, 

 such
Participant’s surviving spouse shall receive a survivor’s benefit in the amount described in paragraph (b). 
  

	 	(b)	The amount payable under this paragraph shall be equal to the benefit the spouse would have received if the Participant: 

  

	 	(1)	had terminated employment on the earlier of the date of death or the date of the Participant’s actual termination of employment; and 

  

	 	(2)	had survived to the benefit commencement date described in subsection (c); and 

  

	 	(3)	had begun to receive an immediate retirement benefit in the Normal Form under Section 5.01(b); and 

  

	 	(4)	had died on the following day. 

  

	 	(c)	The benefit payable under this Section shall be paid to the surviving spouse in the form of a single life annuity and shall commence on the first day of the month coincident with or
next following the month in which the Participant’s death occurs, but not before the Participant would have attained age 55. 

  

	 	(d)	No benefits shall be payable from this Plan to a surviving spouse (or any other beneficiary) of a Participant unless the form of benefit paid to the Participant provides for the
payment of benefits upon the Participant’s death or except as otherwise provided in this Section. 

  

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 5.05 Benefit Offset 
  

	 	(a)	The retirement benefit determined under this Article and payable to a Participant or surviving spouse shall be reduced by any benefit payable under the Company Plan and the
Supplemental Plan, calculated in accordance with Section 6.01. 

  

	 	(b)	With respect to a Participant who is not a participant in the Company Plan, the retirement benefit payable to the Participant or surviving spouse shall be reduced by the amount of
retirement pension payable under the plan of any Affiliated Company or 50% Affiliated Company, including any governmental plan retirement benefit or lump sum termination or similar entitlements, in effect at the time of the Participant’s
termination of employment. 

 ARTICLE VI 
 BENEFIT PAYMENTS 
 6.01 Form of Benefit Payment 
 If a Participant should elect a form of benefit payment under the Company Plan (or such other plan or program, unless impracticable not to so elect) which
is different than the form of benefit payment under this Plan, then for purposes of determining the offset under Section 5.05, the Participant shall be deemed to be in receipt of the amount of benefit payable as if the Participant had elected
the Normal Form of Benefit under the Company Plan. 
 6.02 Commencement of Benefits 
 Payment of a Participant’s vested benefits shall commence on the first day of the month coincident with or next following the Participant’s
separation from service, but not before age 55. Notwithstanding the foregoing, distributions upon a Participant’s separation from service will not be made earlier than six months following the date of the Participant’s separation from
service, if the Participant is a Key Employee. Any benefit accrued and vested as of December 31, 2004 is exempt from the six-month delay. 
  

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 6.03 Funding of Benefits 
 Benefits under this Plan shall not be funded and shall be paid out of the general assets of the Company. The Company shall not be required to segregate any funds for the Plan’s Participants. Notwithstanding any
provision in this Section 6.03 to the contrary, the Committee shall have the discretion but not the obligation to fund this Plan through a trust of the type described in Internal Revenue Service Private Letter Ruling 8502023. 
 6.04 Forfeiture and Suspension of Benefits 
  

	 	(a)	Any benefit payable under this Plan shall be suspended for any period during which it is determined by the Committee that a Participant is engaged or employed as a business owner,
employee or consultant in any activity which is in competition with any line of business of the Company existing as of the date of the Participant’s termination of employment from the Company. 

  

	 	(b)	Additionally, any benefit payable under this Plan shall be forfeitable in the event it is found by the Committee that a Participant, either during or following termination of
employment with the Company, willfully engaged in any activity which is determined by the Committee to be materially adverse or detrimental to the interests of the Company, including any activity that might reasonably be considered by the Committee
to be of a nature warranting dismissal of an employee for cause. If the Committee so finds, it may suspend benefits to the Participant and, after furnishing notice to the Participant, may terminate benefits under this Plan. The Committee will
consider in its deliberation relative to this provision any explanation or justification submitted to it in writing by the Participant within 60 days following the giving of such notice. 

  

	 	(c)	Except as heretofore provided for in this Section 6.04, the acceptance by a Participant of any benefit under this Plan shall constitute an agreement with the provisions of this
Plan and a representation that he or she is not engaged or employed in any activity serving as a basis for suspension or forfeiture of benefits hereunder. The Committee may require each Participant eligible for a benefit under this Plan to
acknowledge in writing prior to the payment of such benefit that he or she will accept payment of benefits under this Plan only if there is no basis for such suspension or forfeiture. 

  

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 6.05 Benefit Offsets for Overpayments 
 If a Participant or Beneficiary receives benefits hereunder for any period in excess of the amount of benefits to which he was entitled under the terms of
the applicable terms of the Plan, such overpayment shall be offset against current or future benefit payments, as applicable, until such time as the overpayment is entirely recouped by the Plan as determined by the Committee in its sole discretion.

 ARTICLE VII 
 ADMINISTRATION

 7.01 Committee 
 The Plan shall be
administered by the Committee, which shall administer the Plan in a manner consistent with the administration of the Company Plan, except that this Plan shall be administered as an unfunded plan that is not intended to meet the requirements of
Section 401 of the Code. The Committee shall be the Plan administrator and named fiduciary of the Plan that has the discretionary authority to control and manage the operation and administration of the Plan. The Committee has the discretionary
authority to supply omissions, make factual determinations, and to decide any dispute that may arise regarding the rights of Participants. All such decisions are binding and conclusive on all interested parties. 
 7.02 Claims Procedure. 
 (a) Claims. Any person
or entity claiming a benefit, requesting an interpretation or ruling under the Plan (hereinafter referred to as “claimant”), or requesting information under the Plan shall present the request in writing to the Committee, which shall
respond in writing or electronically. The notice advising of the denial shall be furnished to the claimant within ninety (90) days of receipt of the benefit claim by the Committee, unless special circumstances require an extension of time to
process the claim. If an extension is required, the Committee shall provide notice of the extension prior to the termination of the ninety (90) day period. In no event may the extension exceed a total of one hundred eighty (180) days from
the date of the original receipt of the claim. 
 (b) Denial of Claim. 
 If the claim or request is denied, the written or electronic notice of denial shall state: 
  

	 	•	 	 The reason(s) for denial; 

  

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	 	•	 	 Reference to the specific Plan provisions on which the denial is based; 

  

	 	•	 	 A description of any additional material or information required and an explanation of why it is necessary; and 

  

	 	•	 	 An explanation of the Plan’s claims review procedures and the time limits applicable to such procedures, including the right to bring a civil action under
section 502(a) of ERISA. 

 (c) Review of Claim. 
 Any claimant whose claim or request is denied or who has not received a response within sixty (60) days may request a review by notice given in
writing or electronic form to the Committee. Such request must be made within sixty (60) days after receipt by the claimant of the written or electronic notice of denial, or in the event the claimant has not received a response, sixty
(60) days after receipt by the Committee of the claimant’s claim or request. The claim or request shall be reviewed by the Committee which may, but shall not be required to, grant the claimant a hearing. On review, the claimant may have
representation, examine pertinent documents, and submit issues and comments in writing. 
 (d) Final Decision. 
 The decision on review shall normally be made within sixty (60) days after the Committee’s receipt of claimant’s claim or request. If an
extension of time is required for a hearing or other special circumstances, the claimant shall be notified and the time limit shall be one hundred twenty (120) days. The decision shall be in writing or in electronic form and shall: 

 

	 	•	 	 state the specific reason(s) for the denial; 

  

	 	•	 	 reference the relevant Plan provisions; 

  

	 	•	 	 state that the claimant is entitled to receive, upon request and free of charge, and have reasonable access to and copies of all documents, records and other
information relevant to the claim for benefits; and 

  

	 	•	 	 state that the claimant may bring an action under section 502(a) of ERISA. 

 All decisions on review shall be final and bind all parties concerned. 
  

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 7.03 Plan Amendment and Termination 
 The Company expects to continue this Plan indefinitely, but reserves the right to amend or discontinue it if, in its sole judgment, such a change is deemed necessary or desirable. However, if the Company should amend
or discontinue this Plan, the Company shall be liable for any benefits accrued under this Plan (determined on the basis of each Employee’s presumed termination of employment as of the date of such amendment or discontinuance) as of the date of
such action. Any change to the Plan which adversely affects a Participant’s or Beneficiary’s rights to benefits and/or the amount, form and manner in which benefits are accrued, vested and/or paid shall not affect the Participant’s or
Beneficiary’s benefits accrued up to the date of the change. Changes which adversely affect a Participant’s or Beneficiary’s rights under the Plan may only take effect on the adoption date of the change and on a going forward basis.
Notwithstanding the foregoing, no Participant consent is necessary if any modification, amendment, suspension or termination of the Plan is necessary to comply with the requirements of Code section 409A. 
 7.04 No Employment Rights 
 Neither the action of the
Company in establishing the Plan, nor any provisions of the Plan, nor any action taken by the Company or by the Committee shall be construed as giving to any employee of the Company or any of its subsidiaries the right to be retained in its employ,
or any right to payment except to the extent of the benefits provided by the Plan. 
  

	7.05	Severability of Provisions 

 If any provision of
this Plan is determined to be void by any court of competent jurisdiction, the Plan shall continue to operate and, for the purposes of the jurisdiction of that court only, shall be deemed not to include the provision determined to be void.

 7.06 Non-Assignability 
 Except as
required by applicable law, no benefits under this Plan shall be subject in any manner to alienation, anticipation, sale, transfer, assignment, pledge, or encumbrance. 
  

	7.07	Withholding 

 The Company shall have the right to
withhold any and all state, local, and Federal taxes which may be withheld in accordance with applicable law. 
  

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 7.08 Governing Law 
 Except to the extent superseded by ERISA, all questions pertaining to the validity, construction, and operation of the Plan shall be determined in accordance with the laws of the Commonwealth of Pennsylvania.

 IN WITNESS WHEREOF, and as evidence of the adoption of the Plan as amended and restated herein, Unisys Corporation has caused this instrument to be
executed by its duly authorized representatives. 
  

			
	UNISYS CORPORATION:
		
	By:	 	 /s/ Patricia A. Bradford

		 	Patricia A. Bradford
	
	Dated: December 22, 2006
		
	By:	 	 /s/ Janet Brutschea Haugen

		 	Janet Brutschea Haugen
	
	Dated: December 27, 2006

  

 16Unisys Corporation 2005 Deferred Compensation Plan

 Exhibit 10.18 
 UNISYS CORPORATION 
 2005 DEFERRED COMPENSATION PLAN 
 (As Amended and Restated Effective January 1, 2005) 
 Article I 
 Purpose & Authority 
 1.1 Purpose. The purpose of the Plan is to offer Eligible Executives the opportunity to defer receipt of a portion of their
compensation from the Corporation, to receive Corporation Contributions and, effective January 1, 2007, to receive Savings Plan Credits, under terms advantageous to both the Eligible Executive and the Corporation and subject to rules that are
intended to satisfy the requirements of Code section 409A. 
 1.2 Effective Date. The Board originally approved the Deferred
Compensation Plan for Officers of Unisys Corporation on January 29, 1982. That plan, currently named the Unisys Corporation Deferred Compensation Plan, has been amended and restated from time to time since its original adoption. Deferrals of
compensation earned and vested before January 1, 2005 were made under that plan and amounts deferred under that plan will continue to be subject to the rules set forth in that plan document. This Plan was originally effective January 1,
2005. This document is an amendment and restatement and includes all amendments to the Plan made through December 31, 2006. Deferrals of compensation earned and vested on or after the Effective Date will be subject to the rules set forth in
this Plan document as it may be amended from time to time. 
  

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 1.3 Authority. Any decision made or action taken by the Corporation and any of its officers
or employees involved in the administration of this Plan, or any member of the Board or the Committee arising out of or in connection with the construction, administration, interpretation and effect of the Plan shall be within the absolute
discretion of all and each of them, as the case may be, and will be conclusive and binding on all parties. No member of the Board and no employee of the Corporation shall be liable for any act or action hereunder, whether of omission or commission,
by any other member or employee or by any agent to whom duties in connection with the administration of the Plan have been delegated or, except in circumstances involving the member’s or employee’s bad faith, for anything done or omitted
to be done by himself or herself. 
 Article II 
 Definitions 
 2.1 “Account” means, for any Participant, each memorandum
account established for the Participant under Section 6.1. 
 2.2 “Account Balance” means, for any Participant as of
any date and with respect to any Account, the aggregate amount reflected in that Account. 
 2.3 “Annual Incentive Pay”
means, for any individual, the amount payable, if any, to such individual under the Unisys Executive Variable Compensation Plan (or under any successor annual incentive plan of the Corporation) or under any other similar annual incentive plan of the
Corporation approved by the Vice President, Human Resources. 
  

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 2.4 “Beneficiary” means the person or persons designated from time to time in writing by
a Participant to receive payments under the Plan after the death of such Participant or, in the absence of such designation or in the event that such designated person or persons predeceases the Participant, the Participant’s estate.

 2.5 “Board” means the Board of Directors of the Corporation. 
 2.6 “Change in Control” shall have the same meaning as is ascribed to that term under section 11(b) of the Unisys Corporation 2003
Long-Term Incentive and Equity Compensation Plan, except that each reference to “20%” in such section shall be replaced by “35%.” 
 2.7 “Code” means the Internal Revenue Code of 1986, as amended. 
 2.8
“Committee” means the Compensation Committee of the Board, or such other committee as may be appointed by the Board to administer the Plan. 
 2.9 “Corporation” means Unisys Corporation. 
 2.10 “Corporation
Contributions” means discretionary amounts that are credited by the Corporation to the Corporation Contributions Accounts of eligible Participants at any time based on individual or corporate performance or such other criteria as is deemed
appropriate by the Corporation. 
 2.11 “Corporation Contributions Account” means that portion of a Participant’s
Account to which any Corporation Contributions under the Plan for him or her are credited. 
  

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 2.12 “Deferral Election” means an election by an Eligible Executive to defer a portion
of his or her compensation from the Corporation under the Plan, as described in Section 3.1. 
 2.13 “Directors’
Plan” means the 2005 Deferred Compensation Plan for Directors of Unisys Corporation. 
 2.14 “Effective Date” means
January 1, 2005, the original effective date of the Plan. 
 2.15 “Eligible Executive” means, for any calendar year, an
employee (a) whose base salary from the Corporation equals or exceeds 70 percent (70%) of the maximum amount of compensation that is permitted to be taken into account under Code section 401(a)(17) and who is eligible to receive Annual
Incentive Pay or sales commissions, (b) whose base salary from the Corporation equals or exceeds the maximum amount of compensation that is permitted to be taken into account under Code section 401(a)(17), or (c) who satisfies any other
eligibility criteria established by the Committee. 
 2.16 “Fair Market Value” means, on any date, the sales price of a
share of Unisys Common Stock as of the official close of the New York Stock Exchange at 4:00 p.m. US Eastern Standard Time. 
 2.17
“Investment Measurement Option” means any of the hypothetical investment alternatives available for determining the additional amounts to be credited to a Participant’s Account under Section 6.2. As of the Effective Date, the

  

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Investment Measurement Options available are all of the investment options available to eligible participants under the USP. Performance Unit Compensation
deferred under the Plan will be held as Stock Units. 
 2.18 “Participant” means an Eligible Executive or former Eligible
Executive who has made a Deferral Election and/or received Savings Plan Credits and/or Corporation Contributions and who has not received a distribution of his or her entire Account Balance. 
 2.19 “Performance Unit Compensation” means any amount payable to an Eligible Executive as a result of the Eligible Executive’s
vesting in a Performance Unit award (including, but not limited to, share unit and restricted share unit awards) made under the terms of the Unisys Corporation 2003 Long-Term Incentive and Equity Compensation Plan, or any successor equity-based
incentive compensation plan. 
 2.20 “Plan” means the Unisys Corporation 2005 Deferred Compensation Plan, as set forth
herein and as amended from time to time. 
 2.21 “Revised Election” means an election made by a Participant, in accordance
with Section 7.2, to change the date as of which payment of his or her Account Balance is to commence and/or the form in which such payment is to be made. 
 2.22 “Savings Plan Credits” means, effective January 1, 2007, amounts automatically credited by the Corporation to the Savings Plan Credits Accounts of eligible Participants in accordance with
the provisions of Article IV of the Plan. 
  

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 2.23 “Savings Plan Credits Account” means that portion of a Participant’s Account
to which any Savings Plan Credits under the Plan for him or her are credited. 
 2.24 “Stock Units” means Unisys common
stock-equivalent units. Each Stock Unit represents the equivalent of one share of Unisys common stock; therefore, the value of a Stock Unit on any given date is the Fair Market Value of a share of Unisys Common Stock on that date. 
 2.25 “USP” means the Unisys Savings Plan. 
 2.26 “Valuation Date” means any business day as of which the interest of a Participant in each of the Participant’s Accounts is valued. 
 Article III 
 Deferral of Compensation 
 3.1 Deferral Election. 
 (a)
During any calendar year, each individual who is an Eligible Executive for such calendar year may, by properly completing and filing a Deferral Election in the form and manner prescribed by the Committee, elect to defer: 
 (1) all or a portion of his or her salary that, absent deferral under this Plan but giving effect to any deferral or salary deduction election under any
other plan maintained by the Corporation (other than the USP), would be paid to him or her for services rendered during the next following calendar year; and/or 
  

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 (2) up to seventy-five percent (75%) of his or her sales commissions that, absent deferral under
this Plan but giving effect to any deferral or salary deduction election under any other plan maintained by the Corporation (other than the USP), would be paid to him or her for sales made during the next following calendar year; and 
 (3) all or a portion of his or her Annual Incentive Pay that, absent deferral under this Plan, but giving effect to any deferral or salary deduction
election under any other plan maintained by the Corporation (other than the USP), would be paid to him/her in the next following calendar year. 
 (b) To be effective, a Deferral Election with respect to salary or sales commissions must be filed by the date specified by the Committee, or if no date is specified, by October 31 of the calendar year immediately preceding the
calendar year in which the amounts to be deferred, absent deferral, would be earned by the Eligible Executive. A Deferral Election with respect to Annual Incentive Pay must be made by June 30 of the calendar year for which the Annual Incentive
Pay will be paid. Notwithstanding the foregoing, an individual who becomes an Eligible Executive after the Effective Date of the Plan may make and file a Deferral Election on or before the date that is 30 days after the date on which he or she
becomes an Eligible Executive with respect to salary and/or sales commissions that, absent deferral, would be paid to him or her during the remainder of the calendar year in which he or she becomes an Eligible Executive, with such Deferral Election
becoming effective as soon as administratively practicable. 
  

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 (c) In addition to the Deferral Elections described in Section 3.1(a), an Eligible Executive may
make a Deferral Election with respect to Performance Unit Compensation that, absent deferral, would be paid to the Eligible Executive. To be effective, a Deferral Election with respect to Performance Unit Compensation must be made in writing by the
Eligible Executive on or before the date on which the award of Performance Unit Compensation that the Eligible Executive intends to defer is granted to the Eligible Executive. 
 (d) Once made, a Deferral Election shall become effective upon approval by the Corporate Executive Compensation Department and is thereafter irrevocable,
except to the extent otherwise provided in Section 7.2. A Deferral Election will be deemed to have been approved by the Corporate Executive Compensation Department if it is not disapproved by the Corporate Executive Compensation Department
within ten days of the date on which it is received. 
 (e) An Eligible Executive’s Deferral Election must specify either a percentage
or a certain dollar amount of his or her salary, sales commissions, and/or Annual Incentive Pay, and/or a percentage of his or her Performance Unit Compensation, to be deferred under the Plan. In addition, the Deferral Election must specify the
portion of the year, if less than the full year, to which the Deferral Election is to apply. Finally, the Deferral Election must specify the date on which payment of the Eligible Executive’s Account Balance is to commence and the manner in
which such payment is to be made. 
  

 - 8 - 

 (1) The Eligible Executive must specify the date as of which payment of his or her Account Balance is to
commence and may specify that such payment is to commence as of: 
 (A) his or her separation from service (within the meaning of Code
section 409A) with the Corporation; 
 (B) a specific date that is at least two years after the end of the calendar year containing the date
on which the amounts to be deferred, absent deferral, would be paid to the Eligible Executive; 
 (C) upon the Eligible Executive’s
becoming disabled (within the meaning of Code section 409A); 
 (D) upon a Change in Control of the Corporation; or 
 (E) upon the earlier (or earliest) to occur of two (or more) dates described in (A) – (D) of this Paragraph 3.1(e)(1). 
 (2) The Eligible Executive must specify the manner in which payment of his or her Account Balance is to be made and may specify that such payment is to
be made either in a single sum or in annual installments. If the Eligible Executive specifies a date for payment to commence that is before his or her separation from service, then the Eligible Executive may not elect an installment payment over a
period shorter than two years or longer than five years. 
  

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 (3) Notwithstanding the foregoing, any form of payment elected by an Eligible Executive will provide that
any payments otherwise not made by the March 31 first following the date that is 20 years after the date of the Eligible Executive’s separation from service will be made as soon as administratively practicable on or after that date.

 (4) Notwithstanding the foregoing, if an Eligible Executive has elected that distribution be made pursuant to Subparagraph
(1)(A) above, and the Eligible Employee is a “specified employee” within the meaning of Code section 409A, distribution will commence as soon as administratively practicable on or after the date that is six months after the date of
the Eligible Executive’s separation from service with the Corporation. 
 (f) Deferrals of an Eligible Executive’s salary shall be
credited to the Plan ratably throughout the year (or, where applicable, the portion of the year) to which the Deferral Election applies. Deferrals of an Eligible Executive’s Annual Incentive Pay and Performance Unit Compensation shall be
credited in a single sum. Any deferral will be credited to the Plan as soon as administratively practicable after the date on which the amount, absent deferral, would be payable to the Participant. 
 (g) A Deferral Election with respect to salary shall expire as of the last day of the calendar year that includes the first day on which any amount,
absent deferral, would be paid to the Eligible Executive and a Deferral Election with respect to Annual Incentive Pay or Performance Unit Compensation shall expire as of the date on which the Annual Incentive Pay or Performance Unit Compensation
that is the subject of the Deferral Election is credited under the Plan. 
  

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 Article IV 
 Savings Plan Credits 
 4.1 Savings Plan Credits. Effective
January 1, 2007, with respect to any calendar year, unless the Corporation determines otherwise prior to the beginning of such calendar year, the Corporation will credit Savings Plan Credits to the Plan on behalf of any Participant as provided
in this Section 4.1. The amount of Savings Plan Credits that will be credited to the Participant’s Savings Plan Credits Account for a calendar year will be equal to (a) 6% of such Participant’s compensation (as defined under the
USP) for the calendar year that is in excess, if any, of the maximum amount of compensation that is permitted to be taken into account under Code section 401(a)(17), and (b) 6% of the Participant’s Deferral Election, if any, under
Section 3.1(a) for the calendar year. 
 4.2 Vesting. Effective January 1, 2007, 
 (a) Participants will be fully vested in their Savings Plan Credits Accounts, if any. 
 (b) Notwithstanding any provision of the Plan to the contrary, any amounts credited to a Participant’s Savings Plan Credits Account will be
immediately forfeited in the event it is found by the Committee that a Participant, either during or following separation from service with the Corporation, willfully engaged in any activity which is determined by the Committee to be materially
adverse or detrimental to the interests of the Corporation, including any activity which might reasonably be considered by the Committee to be of a nature warranting dismissal of an employee for cause. While the Committee’s decision is pending,
the Committee may suspend the payment of benefits to such Participant, and will furnish notice to the Participant of such review. The 

  

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Committee will consider in its deliberation relative to this provision any explanation or justification submitted to it in writing by the Participant within
60 days following the giving of such notice. The acceptance by a Participant of any benefit under this Plan shall constitute an agreement with the provisions of this Plan and a representation that he or she is not engaged or employed in any activity
serving as a basis for suspension or forfeiture of benefits hereunder. The Committee may require each Participant eligible for a benefit under this Plan to acknowledge in writing prior to payment of such benefit that he or she will accept payment of
benefits under this Plan only if there is no basis for such suspension or forfeiture. 
 4.3 Timing of Savings Plan
Credits. Savings Plan Credits to a Participant’s Savings Plan Credits Account under Section 4.1(a) will commence to be credited each payroll period following the first payroll period for the calendar year in which the
Participant’s compensation (as defined under the USP) exceeds the maximum amount of compensation that is permitted to be taken into account under Code section 401(a)(17). Savings Plan Credits to a Participant’s Savings Plan Credits Account
pursuant to Section 4.1(b) will be credited to the Plan ratably throughout the year (or, where applicable, the portion of the year) to which the corresponding Deferral Election applies. Any Savings Plan Credits will be credited to the Plan as
soon as administratively practicable after the applicable pay period to which such Savings Plan Credits are applicable. 
  

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 4.4 Distribution of Savings Plan Credits. Amounts credited to a Participant’s
Savings Plan Credits Account will be distributed to the Participant as a single sum distribution upon his or her separation from service (within the meaning of Code section 409A) with the Corporation; provided, however, that if the Participant is a
“specified employee” (within the meaning of Code section 409A) at such time, distributions will commence as soon as administratively practicable on of after the date that is six months after the date of the Participant’s separation
from service with the Corporation. 
 Article V 
 Corporation Contributions 
 5.1 Corporation Contributions. The Corporation may
make Corporation Contributions to a Participant’s Corporation Contributions Account from time to time. 
 5.2 Vesting.
Participants will vest in their Corporation Contributions Accounts according to the schedule established by the Corporation when the Corporation Contribution is made to that Corporation Contributions Account. If a Participant dies while employed
by the Corporation, the Participant will be fully vested in all his Corporation Contributions Accounts, if any. 
 Article VI

 Treatment of Deferred Amounts 
 6.1 Memorandum Account. The Corporation shall establish on its books a separate Account for each Participant for each calendar year in which the Participant defers amounts pursuant to a Deferral
Election. In addition, Corporation 

  

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Contributions, if any, and, effective January 1, 2007, Savings Plan Credits, if any, will be credited to a Participant’s Account and recorded in a
separate Corporation Contributions Account and Savings Plan Credits Account, respectively, therein. Performance Unit Compensation will be credited to the Participant’s Account as Stock Units. As of each Valuation Date, incremental amounts
determined in accordance with Section 6.2 will be credited or debited to each Participant’s Account. Any payments made to or on behalf of the Participant and for his or her Beneficiary shall be debited from the Account. No assets shall be
segregated or earmarked in respect to any Account and no Participant or Beneficiary shall have any right to assign, transfer, pledge or hypothecate his or her interest or any portion thereof in his or her Account. The Plan and the crediting of
Accounts hereunder shall not constitute a trust or a funded arrangement of any sort and shall be merely for the purpose of recording an unsecured contractual obligation of the Corporation. 
 6.2 Investment Measurement Options. 
 (a) Subject to the provisions of this Section 6.2, a Participant’s Account shall be credited or debited with amounts equal to the amounts that would be earned or lost with respect to the Participant’s Account Balance
(including, with respect to Stock Units, dividend equivalents and other adjustments) if amounts equal to that Account Balance were actually invested in the Investment Measurement Options in the manner specified by the Participant. 
 (b) Each Eligible Executive may elect, at the same time as a Deferral Election is made, to have one or more of the Investment Measurement Options applied
to 

  

 - 14 - 

 
current deferrals. Such election with respect to current deferrals may be changed at any time upon appropriate notice to the Plan recordkeeper. Corporation
Contributions will be hypothetically invested in the same manner as amounts attributable to a participant’s Deferral Elections for such calendar year, unless the Participant elects otherwise if permitted by the Committee. 
 (c) Subject to the restrictions described in subsection (e), a Participant may elect to change the manner in which Investment Measurement Options apply
to existing Account Balances. Such an election will be effective as soon as practicable after the Participant has provided appropriate notice to the Plan recordkeeper. 
 (d) Notwithstanding anything to the contrary in the Plan, the deferral of Performance Unit Compensation may not be credited with any Investment Measurement Option. 
 (e) The following rules apply to Investment Measurement Options. 
 (1) The percentage of a Participant’s current deferrals and/or Account Balance to which a specified Investment Measurement Option is to be applied must be in integral multiples of one percent (1%). The
Participant may change the specified Investment Measurement Options which shall apply to his or her Account(s) on any business day as of which the Plan’s recordkeeper is open for business. Changes in a specified Investment Measurement Option
with respect to a Participant’s Account will be effective as soon as administratively practicable following receipt of the Participant’s election. 
  

 - 15 - 

 (2) To the extent that a Participant has not specified an Investment Measurement Option to apply to all
or a portion of his or her current deferrals, Corporation Contributions, Account Balance and/or, effective January 1, 2007, Savings Plan Credits, the Fidelity Balanced Fund or such other fund as designated by the Committee from time to time
shall be deemed to be the applicable Investment Measurement Option. 
 (3) The chosen Investment Measurement Option or Options shall apply to
deferred amounts on and after the date on which such amounts are credited to the Participant’s Account. 
 (f) The Committee shall have
the authority to modify the rules and restrictions relating to Investment Measurement Options (including the authority to change such Investment Measurement Options prospectively) as it, in its discretion, deems necessary and in accord with the
investment practices in place under the USP. 
 Article VII 
 Payment of Deferred Amounts 
 7.1 Form and Time of Payment.
The benefits to which a Participant or a Beneficiary may be entitled under the Plan shall be paid in accordance with this Section 7.1. 
 (a) All payments under the Plan shall be made in cash, provided, however, that unless otherwise provided by the Committee, Stock Units shall be paid in shares of Unisys common stock. 
  

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 (b) Except as otherwise provided in Section 4.3 with respect to Savings Plan Credits and Sections
7.2, payment of a Participant’s Account Balance shall commence as of the Valuation Date next following the date or dates specified in the Participant’s Deferral Election or Elections or (where applicable) the Participant’s Revised
Election or Elections, provided, however, that where the Participant’s Deferral Election or Elections or (where applicable) the Participant’s Revised Election or Elections specify that payments with respect to a Participant’s Account
Balance are to commence as of a specified date or specified dates not determined by reference to the Participant’s separation from service and the Participant separates from service with the Corporation prior to such date or dates, payment of
the portion of the Participant’s Account Balance that was deferred to such date or dates shall commence as of the Valuation Date next following the Participant’s separation from service, but in the same form specified in the
Participant’s Deferral Election or Elections or (where applicable) the Participant’s Revised Election or Elections. 
 (c) All
payments shall be made in the form or forms specified in the Participant’s Deferral Election or Elections or (where applicable) the Participant’s Revised Election or Elections, provided, however, that payment of a Participant’s
Savings Plan Credits Account will be made in the form of a single sum upon the Participant’s separation from service with the Corporation as provided in Section 4.4. 
 (d) To the extent a Participant has not specified the form or time of payment of his or her Account Balance, payment of the portion of the
Participant’s Account attributable to Deferral Election and the Participant’s Corporation Contributions Account will be made in a single sum as soon as administratively practicable, but within 90 days, after the first Valuation Date
following the Participant’s separation from service with the Corporation. 
  

 - 17 - 

 (e) To the extent a Participant has elected payment in the form of annual installments, each installment
payment after the initial installment payment shall be made on or about March 31 of each year following the year in which the first installment was paid. With respect to each Deferral Election made by a Participant, the amount of each annual
installment payment to be made to a Participant or Beneficiary under such Deferral Election shall be determined by dividing the portion of the Participant’s Account Balance attributable to such Deferral Election as of the latest Valuation Date
preceding the date of payment by the number of installments remaining to be paid under such Deferral Election. 
 (f) Notwithstanding any
Deferral Election made by the Participant: 
 (1) If the Participant terminates employment before the specific date as of which a
Participant’s Account Balance is scheduled to be paid to the Participant, the payment of the Participant’s Account Balance will commence in the form elected by the Participant as soon as administratively practicable on or after the date as
of which the Participant terminated employment. 
 (2) If a Participant terminates employment after beginning to receive any portion of an
Account Balance that was to be paid to the Participant as of a specific date, the remaining Account Balance shall be distributed in accordance with the distribution election in effect at the time of the Participant’s separation from service.

  

 - 18 - 

 (3) If the balance in all of a Participant’s Accounts is less than $10,000 at the time of a
Participant’s separation from service, the balance in all the Participant’s Accounts shall be paid to the Participant in a single sum. 
 (4) Any portion of a Participant’s Account Balance that has not been paid to the Participant as of the date of his or her death shall be paid to the Participant’s Beneficiary in a single sum as soon as administratively practicable
after the Valuation Date following the date on which the Corporation receives notification of the Participant’s death. 
 (5) If a
Participant demonstrates to the satisfaction of the Committee that he or she has incurred an “unforeseeable emergency” within the meaning of Code section 409A, the Participant may receive a distribution of the amount necessary to meet his
or her unforeseeable emergency. 
 7.2 Revised Election. 
 (a) Pursuant to a Revised Election, a Participant may specify: 
 (1) a date for the commencement of the payment of the Participant’s Account Balance attributable to Deferral Elections that, if the Participant originally elected a specified date for payment (as opposed to
payment upon separation from service with the Corporation), is a date at least five years after the date specified in the Participant’s applicable Deferral Election; and/or 
 (2) a form of payment that calls for a greater number of annual installment payments than that specified in the Participant’s applicable Deferral
Election, 

  

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or a number of annual installment payments where the Participant specified a single sum payment in his or her applicable Deferral Election, provided that the
first installment begins no earlier than five years after the date on which the Participant originally elected that distribution commence. 
 (3) Notwithstanding the foregoing, a Participant may not elect a time of benefit commencement and/or a form of payment to the extent that such an election would cause any payments to be made after the March 31 first following the date
that is 20 years after the date of the Participant’s separation from service. 
 (b) A Participant may only make three Revised Elections
with respect to the portion of the of the Participant’s Accounts attributable to Deferral Elections. 
 (c) To be effective, a Revised
Election must be: 
 (1) made in writing by the Participant on a form furnished for such purpose by the Corporate Executive Compensation
Department; 
 (2) submitted to the Corporate Executive Compensation Department on or before the date that is one year before the date on
which the portion of the Participant’s Account Balance attributable to the Deferral Election is the subject of the Revised Election would, absent the Revised Election, first become payable; and 
 (3) approved by the Corporate Executive Compensation Department. A Revised Election will be deemed to have been approved by the Corporate Executive
Compensation Department if it is not disapproved by the Corporate Executive Compensation Department within ten days of the date on which it is received. 
  

 - 20 - 

 Article VIII 
 Miscellaneous 
 8.1 Amendment. The Board may modify or amend, in whole or in
part, any of or all the provisions of the Plan, or suspend or terminate it entirely; provided, however, that any such modification, amendment, suspension or termination may not, without the Participant’s consent, adversely affect any amount
credited to him or her for any period prior to the effective date of such modification, amendment, suspension or termination, except no Participant consent is necessary if such modification, amendment, suspension or termination is necessary to
comply with the requirements of Code section 409A. The Plan shall remain in effect until terminated pursuant to this provision. 
 8.2
Administration. The Committee shall have the sole authority to interpret the Plan and in its discretion to establish and modify administrative rules for the Plan, including (but not limited to) establishing rules regarding elections,
investments and distributions. Notwithstanding any provision of the Plan to the contrary, the Committee shall administer the Plan in a manner that is consistent with the requirements of Code section 409A. All expenses and costs in connection with
the operation of this Plan shall be borne by the Corporation. The Corporation shall have the right to deduct from any payment to be made pursuant to this Plan any federal, state, local or foreign taxes required by law to be withheld, and any
associated interest and/or penalties. 
 8.3 Governing Law. The Plan shall be construed and its provisions enforced and
administered in accordance with the laws of the Commonwealth of Pennsylvania except as such laws may be superseded by the federal law. 
  

 - 21 - 

 8.4 Unfunded Plan. It is intended that the Plan constitute an “unfunded” plan for
deferred compensation. The Corporation may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan; provided, however, that, unless the Corporation otherwise determines, the existence of such trusts or
other arrangements is consistent with the “unfunded” status of the Plan. Any liability of the Corporation to any person with respect to any grant under the Plan shall be based solely upon any contractual obligations that may be created
pursuant to the Plan. No such obligation of the Corporation shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Corporation. 
 8.5 Payment of FICA and Other Taxes. Generally, any FICA or other taxes that are payable by the Participant and are required to be withheld by the Corporation during any period with respect to amounts
deferred under the Plan pursuant to Section 3.1 or, effective January 1, 2007, amounts credited by the Corporation pursuant to Sections 4.1 or 5.1 during such period shall be withheld from the compensation otherwise currently payable to
the Participant during the period. To the extent that, as a result of a Deferral Election, the compensation currently payable to an Participant during any period is insufficient to permit an amount equal to the FICA and other taxes that are payable
by the Participant, and required to be withheld by the Corporation, during that period to be withheld from such current compensation, the Participant’s Account Balance shall be reduced by an amount equal to the sum of (a) the difference
between the amount of FICA and other taxes payable by the Participant, and required to be withheld by the Corporation, during the period and the amount of compensation otherwise currently payable to the Participant during the period and (b) any
additional federal, state, local and foreign income taxes payable by the Participant with respect to the reduction in his or her Account Balance made pursuant to this Section 8.5. 
  

 - 22 - 

 Article IX 
 Transfer of Account Balance 
 9.1 Transfer to Director’s Plan.
Notwithstanding any election of form of payments made hereunder, a Participant who, following his separation from service with the Corporation will be eligible to participate in the Directors’ Plan, may elect at any time prior to the date
that is three months and one day before the Participant’s separation from service to transfer all or any portion of his Account Balance attributable to a Deferral Election to the Directors’ Plan; provided, however, that such transfer
election may only be made if permitted under Code section 409A and such transfer complies with the requirements of Code section 409A. Such transfer must occur prior to the date that payments of the Participant’s Account Balance would otherwise
be made, or commence, hereunder. Upon transfer, the Participant’s Account Balance (or the portion thereof transferred) will be subject to the terms and conditions of the Directors’ Plan, provided, however, that any election of form of
payment made under the Directors’ Plan with respect to the amount transferred may not provide for a form of payment that is in any way more rapid than the form of payment in effect under this Plan with respect to such amounts immediately prior
to transfer to the Directors’ Plan, nor may it provide for any later payment of the amount transferred except to the extent that any election of such later payment complies with the requirements of Section 7.2 above. Valuation of the
Account Balance (or the portion thereof) to be transferred shall be made consistent with the valuation provisions described in Article VI. Upon transfer, the Participant’s (or his or her Beneficiary’s) rights hereunder with respect to the
amounts transferred shall cease. 
  

 - 23 - 

 IN WITNESS WHEREOF, and as evidence of the adoption of the Plan as amended and restated herein, Unisys Corporation has
caused this instrument to be executed by its duly authorized representatives. 
  

			
	UNISYS CORPORATION:
		
	By:	 	 /s/ Patricia A. Bradford

		 	Patricia A. Bradford
	
	Dated: December 22, 2006
		
	By:	 	 /s/ Janet Brutschea Haugen

		 	Janet Brutschea Haugen
	
	Dated: December 27, 2006

  

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