Document:

Exhibit 10.91

 Exhibit 10.91 
  
 

 
  
 June 22, 2005

  
 PRIVATE & CONFIDENTIAL 
  
 Ms. Judy Ethell 
 [Address] 
  
 Employment Letter and Terms and Conditions of Employment 
 Full-Time, Salaried Chief Accounting Officer (CAO), Executive Vice President and 
 Managing Director 
  
 Dear Judy: 
  
 On behalf of BearingPoint, Inc. (the “Company”), by this letter (the
“Employment Letter”), I am pleased to offer you the position of Executive Vice President – Finance and Chief Accounting Officer (and Managing Director) of the Company in our headquarters office, effective July 1, 2005 (the
“Effective Date”). Though this position will be based in the Washington Metropolitan Area, to which you will relocate, and officially work at the McLean headquarters of BearingPoint, you will initially be expected to work principally at
the Foxboro, Massachusetts BearingPoint office location. This temporary arrangement will be required until I determine that the Company’s financials are current and it is otherwise appropriate for you to work at an alternate location. Temporary
housing provisions and travel will be arranged for you in accordance with the Company’s temporary housing and business expense reimbursement policies. 
  
 Your annualized base salary will be $500,000.00, paid semi-monthly, subject to standard withholdings and deductions. You will also be eligible to participate in the
Company’s 2000 Long-Term Incentive Plan (the “LTIP”), or any successor or replacement plan, and 
  

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 you will be eligible for future compensation adjustments. You will report directly to the Chief Executive Officer
(“CEO”) of the Company and your performance and compensation will be reviewed at least annually. You will have such duties and responsibilities as are commensurate with your position. Your employment shall be “at-will”. The
Company may terminate your employment at any time and for any or no reason. You may terminate your employment with three months’ prior notice, as provided in your Managing Director Agreement. 
  
 Equity. Effective on the first business day after you sign and return this Employment Letter
(the “Option Grant Date”), you will be provided an initial grant of 600,000 stock options (the “Options”) to purchase shares of Company common stock under the Company’s LTIP, a copy of which is provided to you herewith as
Exhibit A. The Options shall vest 25% each year commencing on the one-year anniversary of the grant date subject in anniversary years 2 – 4, to achievement of such performance goals as are specified below as applicable to vesting of RSUs
(substituting anniversary for “Vesting Date”). The options which vest on the first anniversary shall not be subject to any performance criteria. The options shall become fully exercisable upon your death or disability. The exercise price
of the Options will be equal to the last available closing price of the Company’s common stock on the first business day prior to the Option Grant Date. The attached Award Notice of Stock Option Grant (Exhibit A-1) and Stock Option Agreement
(Exhibit A-2) detail the various terms of your initial grant, and require your signature of acceptance. These will be provided to you upon your acceptance of employment. 
  
 You also shall receive an award of 292,000 restricted stock units (“Restricted Stock”). The Restricted Stock shall vest on the
Vesting Date (as defined in the Restricted Stock Unit Agreement) subject for all Restricted Stock to (i) all of the Company’s SEC filings (beginning with the Company’s 2005 Form 10-k) being filed on a timely basis as of such Vesting
Date or your having exerted your reasonable best efforts to have the Company’s SEC filings materially complete as of such date, and (ii) your having exerted your reasonable best efforts to move the Company forward on the path to becoming a
“world class financial organization”. For these purposes, a “world class financial organization” shall mean an organization that satisfies the criteria mutually established by you and the CEO. Notwithstanding the preceding, the
Restricted Stock which vests on January 1, 2006 shall not be subject to any performance criteria. 
  
 Prior to the Effective Date, you will receive a Restricted Stock Unit Agreement substantially in the form attached hereto as Exhibit B that details the various terms of your grant, and requires your signature of
acceptance. All unvested Options and Restricted Stock will immediately vest upon the occurrence of a Change in Control of the Company, as such term is defined in the LTIP or a termination of employment due to death or “Disability” (as such
term is defined in the LTIP). On a termination of your employment by the Company without Cause or by you for Good Reason, the portion of the Option and/or Restricted Stock award scheduled to vest on the anniversary of the grant date following your
termination shall vest on the date of your termination. 
  

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 You are also eligible to receive additional annual grants of stock options, and/or other equity awards on at least the
same basis as other senior executives of the Company. To the extent shares are not available under the Company’s equity plans to provide for the equity grants described herein, the Company agrees to use its best efforts to satisfy all
conditions required to add the required shares to the applicable plans or to provide equivalent value to you. 
  
 Annual Bonus. You will be eligible to receive an annual bonus with a target amount equal to 100% of your base salary (the “Target Bonus”) upon achievement of reasonable pre-established performance
goals. (100 % payout based upon 100% goals achievement) You will be eligible to receive a Target Bonus for 2005. You will have meaningful input with respect to the formulation of the performance goals. Your annual bonus may be paid in cash or any
other form in which (and at such time as) annual bonuses are paid to other senior executives of the Company. Any such payment shall be subject to standard withholdings and deductions. 
  
 Sign-On Bonus. Within 30 days following the Effective Date of your employment, you will receive a cash lump sum sign-on bonus in the
amount of $750,000 (the “Sign-On Bonus”), less standard withholdings and deductions; provided, that you shall repay the Sign-On Bonus within 10 business days following termination of your employment by the Company for Cause or your
voluntary termination without Good Reason prior to December 31, 2005.. 
  
 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 senior
executives of the Company at a level commensurate with your position. 
  
 Personal Days/Holidays. You will be entitled to 25 annual personal days, accrued monthly, to use for vacation, illness or other personal absences. These personal days are in addition to eight Company-designated holidays. As a
full-time employee, you will also be eligible to participate in our Personal Benefits Program. 
  
 Relocation. As of the Effective Date, you will provide services full-time at the Company’s headquarters, subject to the initial and temporary work arrangements in Massachusetts referenced above. The
Company recognizes that it will require a period of time for you to fully transition your family and your residence. As a result, for expenses incurred during the period of time commencing on the Effective Date and ending 90 days after your
relocation, the Company will pay all reasonable, documented relocation and transitional housing and travel expenses, including a tax gross-up payment to cover all applicable taxes relating thereto, in connection with your relocation near the
Company’s 
  

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 headquarters, which shall occur no later than June 30, 2006. In addition, the Company will, at your discretion,
either purchase your principal residence based on the price set by a mutually agreed upon appraisal firm or reimburse you for your real estate commissions incurred in connection with the sale of your principal residence. The expenses of moving your
personal property will be reimbursed, in accordance with the Company’s Relocation Policies. 
  
 Business Expenses. The Company will reimburse you for the reasonable 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. Travel expenses shall include expenses incurred to return to St. Louis on weekends and holidays prior to relocation, in accordance with Company policy. 
  
 Legal Fees. The Company will reimburse you for legal fees incurred in connection with
negotiating the terms and documentation of your initial employment with the Company in an amount not-to-exceed $7,500. 
  
 Severance. Upon termination of your employment, the Company will pay you: (i) any earned but unpaid base salary through the date of termination, the Sign-On
Bonus if then payable pursuant to the section titled “Sign-On Bonus” above, and any earned but unpaid annual bonus for any preceding year, provided, however, that your employment terminates after the payment date for the annual bonus,
(ii) any unpaid accrued personal days or unreimbursed business expenses, (iii) in the circumstances specified below in the section titled “Termination without Cause or for Good Reason” the payments specified in that section, and
(iv) any other amounts due under any of the Company’s benefit plans. Payment of the amounts specified in subsection (iii) above 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, a form of which is attached hereto as Exhibit D (the “Release Agreement”). Severance shall be paid without duty to mitigate. 
  
 Termination without Cause or for Good Reason. Upon your termination of employment by
the Company without Cause, or by you for Good Reason, the Company will pay you a lump sum cash amount equal to the sum of your (i) annual base salary and (ii) your then current Target Bonus (if established at such time) or, if the Target
Bonus is not yet established, then the prior year’s actual bonus. 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 “Severance”
section above. The Company will also pay your premiums under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, on your behalf for 18 months after termination of your employment without Cause or for Good Reason. 
  
 Post-Employment Activities. Notwithstanding the covenants contained in your Managing
Director Agreement related to post-employment non-competition restrictions, 
  

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 upon your termination of employment with the Company for any reason, you may return to PricewaterhouseCoopers (PWC) to
serve in any tax related capacity without being in violation of such covenants. 
  
 Special Termination Agreement. Upon a Change of Control of the Company, you shall be entitled to receive the payments and other benefits specified in your Special Termination Agreement, a copy of which is attached as Exhibit E, and
while eligible to receive such payments and other benefits you shall not be eligible to receive any payment or benefits under the above sections titled “Severance” and “Termination without Cause or for Good Reason” (no double
payment opportunity exists). 
  
 Indemnification. The Company will
indemnify you (i) to the fullest extent permitted by law with respect to your activities on behalf of the Company, (ii) for any excise taxes, interest or penalties which you incur with regard to Section 4999 of the Internal
Revenue Code, as well as for any income or employment tax liabilities incurred in connection with the Company’s payment of such amounts, and (iii) for any failure by the Company to comply with Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”), including a tax gross-up payment to cover all applicable taxes relating thereto, unless such failure is a result of your act or omission. You will be covered under the Company’s D & O liability
insurance on the same basis as other senior level executives of the Company. The Company will also reimburse you for expenses directly associated with maintenance of your professional license (CPA), and for your attendance at a minimum of 40 hours
of continuing education per year as required to maintain your CPA license. 
  
 Definitions. Solely for purposes of this Employment Letter and your Managing Director Agreement (Exhibit F), the following definitions apply: 
  

	 	1.	“Good Reason” shall mean the occurrence or failure to cause the occurrence, as the case may be, without your express written consent, of any of the following
circumstances for more than 30 days after receipt by the General Counsel of the Company of your written notification and description of the claimed circumstance: (i) any material adverse change in your then positions, titles or reporting
obligations, or a material diminution of your duties, responsibilities or authority or the assignment to you of duties or responsibilities that are materially adversely inconsistent with your position, (ii) a relocation of the Company’s
principal executive office to any location outside the continental United States, (iii) any material breach by the Company of any provision of this Employment Letter or the Managing Director Agreement or Special Termination Agreement you enter
into with the Company, or (iv) the failure of any successor to the Company (whether direct or indirect and whether by merger, acquisition, consolidation or otherwise) to assume in a writing delivered to you upon the successor becoming such, the
obligations of the Company under this Employment Letter, provided, 

  

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 however, that this clause shall not apply 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. 
  

	 	2.	“Change of Control” shall have the meaning specified in your Special Termination Agreement with the Company. 

  

	 	3.	Notwithstanding the provisions of your Managing Director Agreement, “Cause” shall mean the occurrence, failure to cause the occurrence or failure to cure after the
occurrence (when a cure is permitted), as the case may be, of any of the following circumstances after your receipt of written notification from the General Counsel which includes a detailed description of the claimed circumstance: (i) your
embezzlement, misappropriation of corporate funds , or your material acts of dishonesty; (ii) your commission or conviction of any felony or of any misdemeanor involving moral turpitude, or entry of a plea of guilty or nolo contendre to any
felony or misdemeanor involving moral turpitude; (iii) your engagement, without a reasonable belief that your action was in the best interests of the Company, in any activity that could harm the business or reputation of the Company in a
material manner; (iv) your willful failure to adhere to the Company’s material corporate codes, policies or procedures that have been communicated to you ; (v) your material breach of any provision of the Managing Director Agreement
or this Employment Letter; or (vi) your violation of any statutory or common law duty or obligation to the Company, including, without limitation, the duty of loyalty, provided, however, that in the case of subsections (iii), (iv), (v) and
(vi), the Company shall provide you with the opportunity to cure any Cause event during the 15-day period after your receipt of written notice describing the Cause event, provided, however, that a Cause event shall be considered to be cured only if
all adverse consequences of the Cause event have been fully remedied. 

  
 Other Considerations. 
  
 There
are a number of other important items we wish to cover in this Employment Letter. They are: 
  

	 	•	 	Contributory benefits (such as medical, dental, supplemental life insurance, long-term disability and optional accidental death and dismemberment insurance) are effective the first
day of the calendar month following the Effective Date, unless you are hired on the first day of the month, in which case they will be effective immediately. All other non-contributory benefits (such as business travel accident insurance, short-term
disability and personal days) are effective upon the Effective Date. 

  

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	 	•	 	Please read this Employment Letter and the accompanying Managing Director Agreement and exhibits thereto carefully. Signing these documents is a condition of employment. As noted
therein, employment with the Company is not for a specific term and may be terminated (i) by you, upon three months’ notice as specified in your Managing Director Agreement or (ii) by the Company at any time, for any or no reason,
with or without Cause. 

  

	 	•	 	In compliance with the Immigration Reform and Control Act, federal law requires employers to verify work authorization upon hire. We have provided you with information that
describes these requirements and the documents you need to bring on your first day of work. 

  

	 	•	 	In compliance with the Fair Credit Reporting Act, employment with the Company is contingent upon satisfactory completion of the Company’s employment screening process. This
includes a public source background inquiry and receipt of satisfactory information regarding your employment history. You have signed a Disclosure and Authorization for Release of Information form authorizing the Company to compile a background
report. If the Company finds that you have made any misrepresentation or is dissatisfied with the results of any review of your background, the Company may withdraw any offer of employment or terminate your employment without obligation whatsoever
on the part of the Company except payment to you for any services rendered. 

  
 This Employment Letter can be amended only by a writing signed by both you and the Company. This Employment Letter shall be governed by and construed in accordance with the internal, domestic laws of the Commonwealth
of Virginia. 
  
 In the event of any conflict between the provisions of this
Employment Letter and the provisions of your Managing Director Agreement, the terms and provisions in this Employment Letter shall control. 
  
 The items in this Employment Letter, your Managing Director Agreement and exhibits thereto, your Special Termination Agreement and the other items referred to above
represent the Company’s entire offer of employment to you. This Employment Letter supersedes any contrary representations that may have been made to you at any time. By signing below, you accept this offer of employment in accordance with the
terms and conditions of employment specified in this Employment Letter. This offer of employment will remain open through June 24, 2005. 
  
 Judy, we are excited about having you join us. To inform us of your decision, please sign and return this Employment Letter, your Special Termination Agreement (attached
as Exhibit E) and your Managing Director Agreement (attached as Exhibit F). 
  

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 Should you have any questions, please contact me, or David Black, the Company’s General Counsel, at
(703) 747-5728. 
  
 Very truly yours,

  
 Harry L. You 
 Chief Executive Officer 
 BearingPoint, Inc. 
  

	
	ACCEPTED:
	
	 /s/ Judy Ethell

	Judy Ethell
	
	Date: June 22, 2005 

  

 8Exhibit 10.92

 Exhibit 10.92 
  
 BEARINGPOINT, INC. 
 RESTRICTED STOCK UNIT AGREEMENT 
  
 THIS
RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), dated July 1, 2005 (the “Grant Date”), evidences an award of restricted stock units made by BearingPoint, Inc., a Delaware corporation (the
“Company”), to Judy Ethell (the “Executive”), each of which represents the right to receive on settlement cash or one (1) share of common stock, $0.01 par value of the Company (the
“Common Stock”). 
  
 WHEREAS, the
Executive will be the Executive Vice President – Finance and Chief Accounting Officer of the Company, and her services will be of vital importance to the business success of the Company; and 
  
 WHEREAS, the Company has determined that it is in the best interests of the
Company and its stockholders to grant the Executive the restricted stock units, as provided in this Agreement, as a material inducement for the Executive to join the Company and to contribute to its business success. 
  
 NOW, THEREFORE, the Company makes an award of restricted stock units to the
Executive, subject to the following terms and conditions: 
  
 1. Grant of Restricted Stock Units. 
  
 a.
On July 1, 2005 (the “Grant Date”), the Executive shall acquire, subject to the provisions of this Agreement, 292,000 restricted stock units (the “Restricted Stock Units”), subject to
adjustment as provided in Section 8. Each Restricted Stock Unit consists of a bookkeeping entry representing the right to receive on a date determined in accordance with this Agreement either (i) one share of Common Stock or (ii) cash
equal to the Fair Market Value of one share of Common Stock. 
  
 b. The Executive is not required to make any monetary payment (other than applicable tax withholding, if any, and payment of the par value of the Common Stock, if required by law) as a condition to receiving cash or shares of Common
Stock issued upon settlement of the Restricted Stock Units. The consideration for the Restricted Stock Units shall be future services to be rendered to the Company or for its benefit. 
  
 2. Vesting of Restricted Stock Units. 
  
 a. Except as provided in Sections 2(b), 4 and 7(a), the Restricted Stock Units shall become 100% vested and
nonforfeitable (i) on each date (the “Vesting Date”) set forth below, provided the Executive remains continuously employed through the Vesting Date: 
  

			
	 Vesting Date

	  	 Number of Restricted Stock Units

	 January 1, 2006
	  	175,200
	 July 1, 2006
	  	29,200
	 July 1, 2007
	  	29,200
	 July 1, 2008
	  	29,200
	 July 1, 2009
	  	29,200

  

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 or (ii) notwithstanding clause (i), on the death or Disability of the Executive.
“Disability” shall mean the inability of the Executive to perform substantially her duties and responsibilities for a continuous period of at least six months, as determined solely by the Compensation Committee
of the Board of Directors of the Company (the “Committee”). 
  
 b. Notwithstanding the provisions of Section 2(a), vesting of the Restricted Stock Units that is scheduled to occur on July 1 in each of the years 2006 - 2009 shall be subject to the achievement of the following goals:

  
 i. all of the Company’s SEC filings (beginning with the
Company’s 2005 Form 10-K) being filed on a timely basis as of such Vesting Date or the Executive having exerted her reasonable best efforts to have the Company’s SEC filings materially complete as of such date, and 
  
 ii. the Executive having exerted her reasonable best efforts to move the
Company forward on a path to becoming a “world class financial organization.” For these purposes, a “world class financial organization” shall mean an organization that satisifies the criteria mutually established by the
Executive and the Chief Executive Officer of the Company. 
  
 3. Termination of Employment. In the event that the Executive’s employment terminates for any reason or no reason, with or without “Cause”, the Executive shall forfeit and the Company shall automatically reacquire all
Restricted Stock Units which are not, as of time of such termination, vested, and the Executive shall not be entitled to any payment or other consideration therefore, provided, however, that on the termination of the Executive’s
employment by the Company without Cause or by the Executive for Good Reason, the portion of the Restricted Stock Units that is scheduled to vest on the next anniversary of the Grant Date shall vest on the date of the Executive’s termination.
“Good Reason” shall have the meaning set forth in the employment letter entered into by the Executive and the Company as of June 22, 2005 (the “Employment Letter”). 
  
 4. Termination of Restricted Stock Units and Forfeiture of Restricted
Stock Units Gain. 
  
 a. If the Executive: 

 
 i. breaches any covenant concerning confidentiality or intellectual
property or concerning noncompetition or nonsolicitation of clients, prospective clients or personnel of the Company and its Affiliates to which the Executive is or may become a party in the future; 
  

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 ii. fails (A) to complete on a timely basis all current and future training relating to the
Company’s policies and procedures, including financial reporting and timekeeping training, (B) to consistently follow all Company policies and procedures and to confirm that the employees the Executive supervises are following such Company
policies and procedures, (C) to meet such cash collection goals, if any, as are established for the Executive by the Company from time to time or (D) to participate in the Company’s variable compensation program; or 
  
 iii. is terminated for “Cause;” 
  
 then, in addition to and without in any way limiting any remedies under any of the covenants
described above in this Section 4(a) or otherwise: 
  
 (A)
any unvested Restricted Stock Units and any vested Restricted Stock Units that have not settled as provided in Section 5(a) shall be forfeited automatically on the date the Executive commits such breach as is specified in clause (i), fails to
act as specified in clause (ii) or is terminated for “Cause;” and 
  
 (B) in the event of a breach described in Section 4(a)(i), the Executive shall pay the Company, within five business days of receipt by the Executive of a written demand therefor, an amount in cash equal to the
aggregate of (i) cash received in settlement of Restricted Stock Units and (ii) the amount determined by multiplying the number of shares of Common Stock issued in settlement of Restricted Stock Units prior to the date the Executive
breaches such covenant (without reduction for any shares of Common Stock delivered by the Executive or withheld by the Company pursuant to Section 6(c)) by the Fair Market Value of a share of Common Stock on the date the shares of Common Stock
were issued to the Executive; and 
  
 (C) in the event of a
breach described in Section 4(a)(ii) or if the Executive is terminated for Cause other than for a breach referenced in Section 4(a)(i), the Executive shall pay the Company, within five business days of receipt by the Executive of a written
demand therefor, an amount in cash equal to 50% of the aggregate of (i) cash received in settlement of Restricted Stock Units and (ii) the amount determined by multiplying the number of shares of Common Stock issued in settlement of
Restricted Stock Units prior to the date of the breach described in Section 4(a)(ii) or the date the Executive is terminated for Cause other than for a breach referenced in Section 4(a)(i) (without reduction for any shares of Common Stock
delivered by the Executive or withheld by the Company pursuant to Section 6(c)) by the Fair Market Value of a share of Common Stock on the date the shares of Common Stock were issued to the Executive; and 
  
 (D) the Executive shall pay any damages in excess of the amounts paid to the
Company under clauses (B) or (C) above. 
  

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 b. The Executive agrees that by executing this Agreement, the Executive authorizes the Company and
its Affiliates to deduct any amount or amounts owed by the Executive pursuant to Section 4(a) from any amounts payable by the Company or any Affiliate to the Executive, including, without limitation, any amount payable to the Executive as
salary, wages, vacation pay or bonus. This right of setoff shall not be an exclusive remedy, and the Company’s or an Affiliate’s election not to exercise this right of setoff with respect to any amount payable to the Executive shall not
constitute a waiver of this right of setoff with respect to any other amount payable to the Executive or any other remedy. 
  
 c. “Cause” shall mean the occurrence, failure to cause the occurrence or failure to cure after the occurrence (when a cure
is permitted), as the case may be, of any of the following circumstances after the Executive’s receipt of written notification from the General Counsel which includes a detailed description of the claimed circumstance: (i) the
Executive’s embezzlement, misappropriation of corporate funds, or the Executive’s material acts of dishonesty; (ii) the Executive’s commission or conviction of any felony or of any misdemeanor involving moral turpitude, or entry
of a plea of guilty or nolo contendre to any felony or misdemeanor involving moral turpitude; (iii) the Executive’s engagement, without a reasonable belief that her action was in the best interests of the Company, in any activity that
could harm the business or reputation of the Company in a material manner; (iv) the Executive’s willful failure to adhere to the Company’s material corporate codes, policies or procedures that have been communicated to her;
(v) the Executive’s material breach of any provision of the managing director agreement entered into by the Executive and the Company effective July 1, 2005 (the “Managing Director Agreement”) or the Employment
Letter; or (vi) the Executive’s violation of any statutory or common law duty or obligation to the Company, including, without limitation, the duty of loyalty, provided, however, that in the case of subsections (iii), (iv),
(v) and (vi), the Company shall provide the Executive with the opportunity to cure any Cause event during the 15-day period after her receipt of written notice describing the Cause event, provided, however, that a Cause event
shall be considered to be cured only if all adverse consequences of the Cause event have been fully remedied. 
  
 5. Settlement of the Restricted Stock Units. 
  
 a. Issuance of Shares of Common Stock or Cash. Subject to the provisions of Sections 5(c) – (e), the Company shall issue to the Executive
(i) cash, (ii) the number of shares of Common Stock that is equal to the number of vested Restricted Stock Units after any adjustments under Section 8 or (iii) a combination of cash or shares of Common Stock, provided,
however, that it shall be in the Company’s sole discretion whether the issuance shall be in the form specified in clause (i), (ii) or (iii) and provided further that any Restricted Stock Units that vest as a
result of the death or Disability of the Executive shall be settled in full on the next Vesting Date that occurs after the death or Disability of the Executive. Notwithstanding the foregoing, the Executive may defer payment of any vested Restricted
Stock Units, provided any such election to defer and deferral agreement comply in all respects with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and, at the request of the Executive, the
Company shall amend this Agreement to the extent necessary for the deferral to comply with Code Section 409A. If the Company elects to pay the Executive in cash, the payment shall equal the Fair Market Value of the number of shares of Common
Stock on the Settlement Date, as 
  

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 defined below, that is equal to the number of vested Restricted Stock Units after any adjustments under Section 8.
For purposes of this Agreement, “Fair Market Value” shall mean the last sale price of a share of Common Stock as reported on the New York Common Stock Exchange on the date as of which such value is being determined or, if
there shall be no reported transactions on such date, on the next preceding date for which a transaction was reported; provided, however, that if the Common Stock is not traded on the New York Common Stock Exchange, Fair Market Value
may be determined by the Committee by whatever means or method as the Committee, in the good faith exercise of its discretion, shall at such time deem appropriate. 
  
 b. Settlement Schedule. Except for any deferred amounts, and subject to any restriction on transfer pursuant to
Sections 5(c)-(e), the Restricted Stock Units shall be settled as provided in Section 5(a), and any Common Stock that is issued at settlement may be sold, in accordance with the following schedule (the “Settlement Schedule):

  

			
	 Settlement of RSUs
 and
Permissible
 Sale Dates

	  	 Number of RSUs

	 January 1, 2006
	  	87,600
	 July 1, 2006
	  	43,800
	 July 1, 2007
	  	43,800
	 July 1, 2008
	  	29,200
	 July 1, 2009
	  	29,200
	 July 1, 2010
	  	29,200
	 July 1, 2011
	  	29,200

  
 c. Restrictions on
Grant of the Restricted Stock Units and Issuance of Shares. The grant of the Restricted Stock Units and issuance of shares of Common Stock upon settlement of the Restricted Stock Units shall be subject to and in compliance with all applicable
requirements of federal, state or foreign law with respect to such securities. No shares of Common Stock may be issued hereunder if the issuance of such shares would constitute a violation of any applicable federal, state or foreign securities laws
or other law or regulations or the requirements of any stock exchange or market system upon which the Common Stock may then be listed. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed
by the Company’s legal counsel to be necessary to the lawful issuance of any shares subject to the Restricted Stock Units shall relieve the Company of any liability in respect of the failure to issue such shares as to which such requisite
authority shall not have been obtained. As a condition to the settlement of the Restricted Stock Units, the Company may require the Executive to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any
applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 
  
 d. Restrictions upon Certain Terminations of Employment. If the Executive terminates her employment, other than for Good Reason or on account of
death or Disability, then (i) the Company shall not issue to the Executive any additional shares of 
  

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 Common Stock underlying outstanding vested Restricted Stock Units pursuant to Section 5(a) of this Agreement until
July 1, 2015, at which time any outstanding vested Restricted Stock Units shall be settled as provided in Section 5(a), and (ii) the Executive shall not sell, assign, alienate, pledge, attach or otherwise transfer or encumber any
shares of Common Stock previously issued to the Executive pursuant to Section 5(a) until July 1, 2015. 
  
 e. Restrictions on Sale of Shares. Until July 1, 2015, the Executive shall not transfer any shares of Common Stock received upon the
settlement of Restricted Stock Units pursuant to Section 5(a) except (i) in sales, redemptions or other transactions, underwritten public offerings or share repurchases, in each case as approved in writing by the Company either
specifically or by general policy, or (ii) to estate and/or tax planning vehicles, family members and charitable organizations that become bound hereby by express agreement, in each case as approved in writing by the Company (which approval may
be subject to such other conditions, including the requirement that any transferee become bound by any other agreement, as the Company may, in its sole discretion, require). The Company shall use its reasonable efforts to facilitate the sales,
redemptions or other transactions, underwritten public offerings or share repurchases referred to in clause (i) of the preceding sentence, at the Company’s expense, promptly after each settlement of the Restricted Stock Units. The
Executive agrees that, in the Company’s sole discretion, and until July 1, 2015, all of his or her shares of Common Stock shall either (i) bear legends that reflect the restrictions imposed by this Section 5 or (ii) be held
in custody by a custodian designated by the Company. 
  
 f.
Registration of Shares. Shares issued in settlement of the Restricted Stock Units shall be registered in the name of the Executive, or, if applicable, in the names of the heirs of the Executive. Such shares may be issued either in certificated
or book entry form. In either event, the certificate or book entry account shall bear such restrictive legends or restrictions as the Company, in its sole discretion, shall require. 
  
 g. Fractional Shares. The Company shall not be required to issue fractional shares upon the settlement of the
Restricted Stock Units. 
  
 h. Dividend Equivalents. As of
each dividend payment date for each cash dividend on the Common Stock, the Company shall award the Executive additional restricted stock units, which shall be subject to the same terms and conditions as the Restricted Stock Units granted pursuant to
this Agreement. The number of additional restricted stock units to be granted shall equal: (i) the product of (x) the per-share cash dividend payable with respect to each share of Common Stock on that date, multiplied by (y) the total
number of Restricted Stock Units which have not been paid or forfeited as of the record date for such dividend, divided by (ii) the Fair Market Value of one share of Common Stock on the payment date of such dividend. The number of additional
Restricted Stock Units to be granted if the dividend is paid in the form of Common Stock shall be determined in accordance with Section 8 of this Agreement. 
  

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 6. Withholding Taxes. 
  
 a. In General. Unless Section 6(b) or 6(c) applies, the Executive shall pay to the Company, or make provision
satisfactory to the Company for payment of, any federal, state, local or foreign taxes required by law to be withheld with respect to the issuance of shares of Common Stock in settlement thereof, no later than the date on which such withholding is
required under applicable law. The Company shall have no obligation to deliver shares of Common Stock until the tax withholding obligations of the Company have been satisfied by the Executive. 
  
 b. Payment in Cash. The Company shall withhold from any payment under
Section 5 the amount of any federal, state, local or foreign taxes required by law to be withheld with respect to the settlement of the Restricted Stock Units in cash. 
  
 c. Payment in Shares. The Executive may satisfy all or any portion of the Company’s tax withholding obligations
by requesting the Company to withhold a number of whole shares of Common Stock otherwise deliverable to the Executive in settlement of the Restricted Stock Units having a fair market value, as determined by the Company as of the date on which the
tax withholding obligations arise, not in excess of the amount of such tax withholding obligations determined by the applicable minimum statutory withholding rates. Any adverse consequences to the Executive resulting from the procedure permitted
under this Section 6(c), including, without limitation, tax consequences, shall be the sole responsibility of the Executive. 
  
 7. Change in Control. 
  
 a. In addition to the provisions of the Special Termination Agreement entered into by the Executive and the Company effective July 1, 2005, in
the event of a Change in Control, as defined in Section 7(b), of the Company, the Restricted Stock Units shall become 100% vested and nonforfeitable effective as of the date of the Change in Control. The Restricted Stock Units shall be settled
in accordance with Section 4 on the date of the Change in Control to the extent that the Restricted Stock Units are neither assumed nor continued in connection with the Change in Control. 
  
 b. For purposes of this Agreement, “Change in
Control” means: 
  
 (A) a sale or
transfer of all or substantially all of the assets of the Company on a consolidated basis in any transaction or series of related transactions; 
  
 (B) any merger, consolidation or reorganization to which the Company is a party, except for a merger, consolidation or reorganization in
which the Company is the surviving corporation and, after giving effect to such merger, consolidation or reorganization, the holders of the Company’s outstanding equity (on a fully diluted basis) immediately prior to the merger, consolidation
or reorganization will own in the aggregate immediately following the merger, consolidation or reorganization the Company’s 
  

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 outstanding equity (on a fully diluted basis) either (i) having the ordinary voting power to elect a
majority of the members of the Company’s board of directors to be elected by the holders of Common Stock and any other class which votes together with the Common Stock as a single class or (ii) representing at least 50% of the equity value
of the Company as reasonably determined by the Committee; 
  
 (C) individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of such Board; provided, however, that any
individual who becomes a director of the Company subsequent to the date hereof whose election, or nomination for election by the holders of the Company’s equity, was approved by the vote of at least a majority of the directors then comprising
the Incumbent Board shall be deemed to have been a member of the Incumbent Board; and provided further, that no individual who was initially elected as a director of the Company as a result of an actual or threatened solicitation by any individual,
entity or group (a “Person”) other than the Board, including any “person” within the meaning of Section 13(d) of the Exchange Act , for the purpose of opposing a solicitation by any other Person with respect to the
election or removal of directors, or any other actual or threatened solicitation of proxies or consents by or on behalf of any Person other than the Board shall be deemed to have been a member of the Incumbent Board; or 
  
 (D) any Person acquires beneficial ownership of 30% or more
of the outstanding equity of the Company generally entitled to vote on the election of directors. 
  
 8. Adjustments for Changes in Capital Structure. In the event of any Common Stock split, reverse Common Stock split, Common Stock dividend,
recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Common Stock other than a regular cash dividend,
the number and class of securities subject to the Restricted Stock Units shall be appropriately adjusted by the Committee. If any adjustment would result in a fractional share being subject to the Restricted Stock Units, the Company shall pay the
Executive, in connection with the first vesting of the Restricted Stock Units occurring after such adjustment, an amount in cash determined by multiplying (i) the fraction of such share (rounded to the nearest hundredth) by (ii) the Fair
Market Value on the vesting date. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive. 
  
 9. Rights as a Shareholder. The Executive shall have no rights as a stockholder with respect to any shares which may be issued in settlement of the
Restricted Stock Units until the date of the issuance of a certificate for such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for
dividends, distributions or other rights for which the record date is prior to the date such certificate is issued, except as provided in Sections 5(h) and 8. 
  

10. No Employment Rights. The Executive understands and acknowledges that, except as otherwise provided in the Employment Letter or the Managing
Director Agreement, as the case may be, the Executive’s employment is “at will” and is for no specified term. Nothing in this Agreement shall confer upon the Executive any right to continue in the employment of the Company or
interfere in any way with any right of the Company to terminate the Executive’s employment at any time. 
  

 - 8 - 

 11. Legends. The Company may at any time place legends referencing any applicable federal, state
or foreign securities law restrictions on all certificates representing shares of Common Stock issued pursuant to this Agreement. The Executive shall, at the request of the Company, promptly present to the Company any and all certificates
representing shares acquired pursuant to this Agreement in the possession of the Executive in order to carry out the provisions of this Section. 
  
 12. Nontransferability of Restricted Stock Units. Prior to the issuance of shares of Common Stock on the Settlement Date, neither this Agreement
nor any of the Restricted Stock Units subject to this Agreement shall be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Executive or the
Executive’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to the Agreement shall be exercisable during the Executive’s lifetime only by the Executive or the Executive’s
guardian or legal representative. 
  
 13. Amendment.
The Committee may amend this Agreement at any time; provided, however, that no such amendment may adversely affect the Participant’s rights under this Agreement without the consent of the Participant, except to the extent such amendment is
reasonably determined by the Committee in its sole discretion to be necessary to comply with applicable law. No amendment or addition to this Agreement shall be effective unless in writing. 
  
 14. Administration of this Agreement. All questions of
interpretation concerning this Agreement shall be determined by the Committee. All determinations by the Committee shall be final and binding upon all persons having an interest in this Agreement. 
  
 15. Binding Effect. This Agreement shall inure to the benefit
of the successors and assigns of the Company and, subject to the restrictions on transfer set forth herein, be binding upon the Executive and the Executive’s heirs, executors, administrators, successors and assigns. 
  
 16. Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the Commonwealth of Virginia, other than the conflict of laws principles thereof. 
  
 17. Construction. Captions and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision
of this Agreement. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires
otherwise. 
  

 - 9 - 

 18. Employment Letter. In the event of a conflict between the provisions of this Agreement and the
provisions of the Employment Letter, the Employment Letter shall control. 
  
 IN WITNESS WHEREOF, the Company has caused this Agreement to be exercised by its duly authorized officer effective as of the Grant Date. 
  

	
	BEARINGPOINT, INC.
	
	Harry L. You
	Chief Executive Officer

  

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 Acknowledgement, Acceptance and Agreement: 
  
 By signing below and returning this Restricted Stock Unit Agreement to David W. Black,
Executive Vice President and General Counsel, BearingPoint, Inc., I hereby acknowledge receipt of the Agreement, accept the RSUs granted to me, and agree to be bound by the terms and conditions of the Agreement. 
  

			
	  

	 	  

	Signature	 	Date
		
	  

	 	 
	Print Name	 	 

  

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