Document:

exv10w1

Exhibit 10.1

	 	 	 
	

	 	Stewart Information

Services Corporation

1980 Post Oak Blvd.

Houston, TX 77056

713-625-8100

800-729-1900 National

www.stewart.com

NYSE:STC

August 25, 2008

Joseph Allen Berryman

21503 Ganton Drive

Katy, TX 77450

Dear Allen:

We are pleased to confirm our offer to you of the position of Executive Vice President and Chief
Financial Officer of Stewart Information Services Corporation (“SISCO”) and Stewart Title Guaranty
Company (“STG”), the initial terms of which are set forth below and have been approved by the SISCO
and STG Boards of Directors.

	 	 	 
	Title:

	 	Executive Vice President, Chief Financial Officer and Secretary-Treasurer, Stewart Information Services Corporation and
Executive Vice President, Chief Financial Officer and
Secretary-Treasurer, Stewart Title Guaranty Company
	Monthly Salary:

	 	$20,833.33 ($250,000 annually) 
	Bonus:

	 	Eligible for bonuses up to 60% of base salary based on completion of
goals and targets approved by the Compensation Committee of the Board
of Directors
	Initial Signing Bonus

	 	$4,000.00     
	Long Term

	 	Eligible for stock options/grants as determined by the Compensation Committee of
	Incentive;

	 	the Board of Directors and the Board of Directors up to
approximately 100% of base salary
	Auto Allowance:

	 	$600.00 per month 
	Vacation:

	 	Eligible for 3 weeks of vacation after completion of 6 months of service
	Start Date:

	 	September 2, 2008
	Location:

	 	Houston, Texas
	Benefits:

	 	Eligible for participation in SISCO/STG’s standard package of employee
benefit programs, including (with a minimum of 20 hours worked per
week) the Flex, Health and Welfare benefit plans as well as the 401(k)
Salary Deferral Plan, beginning the first of the month following or
coinciding with 90 days of employment and upon completion of enrollment
elections.

You may terminate your employment with STG, and resign from your positions with SISCO and STG at
any time, with or without reason, and STG has the right to terminate your employment, or remove you
as an officer of SISCO or STG, at any time with or without a reason or cause. Your employment is
“at will”.

This employment offer does not constitute an express or implied contract of employment for any
specified duration of time.

We are confident that SISCO and STG can offer you a challenging and rewarding opportunity. We look
forward to your acceptance of our offer. Please sign below to indicate you understand, agree to
and accept the terms of this offer and are not currently party to any employment agreement or any
non-compete or other restrictive agreements that would affect your employment status with us. You
may be required to sign a confidentiality and non-disclosure agreement upon hire. This offer
supersedes any prior communication between us, whether written or oral and expires on August 28,
2008.

	 	 	 	 	 	 	 
	/s/ Matthew W. Morris
 

Matthew W. Morris

	 	Accepted:
	 	/s/ Joseph Allen Berryman
 

Joseph Allen Berryman
	 	 
	Sr. Executive Vice President
	 	 	 	 	 	 
	 
	 	 	 	25 Aug 2008	 	 
	 

	 	 	 	 

Dateexv10w20

Exhibit 10.20

AFFILIATED COMPUTER SERVICES, INC.

CLASS A COMMON STOCK

NOTICE OF STOCK OPTION GRANT

WITHIN CANADA (OTHER THAN QUEBEC) TO

[NAME OF OPTIONEE]

 

      You have been granted an option to purchase Class A Common Stock of Affiliated Computer
Services, Inc. (the “Company”) as follows:

	 	 	 	 	 
	 

	 	Option Number
	 	___
	 
	 	 	 	 
	 

	 	Date of Grant
	 	___
	 
	 	 	 	 
	 

	 	Number of Shares
	 	___
	 
	 	 	 	 
	 

	 	Option Price Per Share
	 	$___
	 
	 	 	 	 
	 

	 	Term/Expiration Date
	 	Earlier of 10 years from the Date of Grant or 90 days
after termination of employment for any reason other
than Retirement.
	 
	 	 	 	 
	 

	 	Vesting Schedule
	 	[60% as of the date that is three years after the
Date of Grant, and 20% annually on each anniversary
of the Date of Grant thereafter,] [20% as of the date
that is one year after the Date of Grant, and 20%
annually on each anniversary of the Date of Grant
thereafter,] or earlier in certain events as
expressly provided in the Stock Option Agreement and
2007 Equity Incentive Plan.
	 
	 	 	 	 
	 

	 	Exercise Schedule
	 	Options may be exercised on or after the date of
vesting and until the expiration date.

By your signature and the signature of the Company’s representative below, you and the Company
agree that this option is granted under and governed by the terms and conditions of the Stock
Option Agreement and the Company’s 2007 Equity Incentive Plan attached hereto as Exhibit “A” and
Exhibit “B”, respectively and made a part of this document.

	 	 	 	 	 	 	 	 	 
	AFFILIATED COMPUTER SERVICES, INC.	 	 	 	OPTIONEE:	 	 
	 
	 	 	 	 	 	 	 	 
	BY:
	 	 	 	 	 	 	 	 
	 

	 	 

TAS PANOS
	 	 	 	 

[NAME OF OPTIONEE]
	 	 
	 

	 	EXECUTIVE VICE PRESIDENT & GENERAL COUNSEL	 	 	 	 	 	 

 

 

EXHIBIT “A”

AFFILIATED COMPUTER SERVICES, INC.

STOCK OPTION AGREEMENT FOR CANADA

(Other Than Quebec)

     THIS STOCK OPTION AGREEMENT (this “Agreement”), effective as of the date of the Award shall,
along with the Plan (as hereafter defined), govern the terms of the Notice of Nonstatutory Stock
Option Grant (“Notice of Grant”) by and between Affiliated Computer Services, Inc., a Delaware
corporation (the “Company”), and the person (“Optionee”) to whom an option has been granted as
identified in the grant header information set forth above the Notice of Grant (the information set
forth in the grant header is hereinafter referred to as “Grant Information”). Capitalized terms
not otherwise defined in this Agreement have the meanings ascribed to such terms in the Plan.

WITNESSETH

     WHEREAS, the Company has adopted the Affiliated Computer Services 2007 Equity Incentive Plan
(the “Plan”), which provides for the grant of stock options to certain selected Non-Employee
Directors, Employees and Consultants of the Company or its subsidiaries with respect to shares of
the Company’s Class A Common Stock, par value $.01 per share (“Common Stock”);

     WHEREAS, the stock options provided for under the Plan are intended to comply with the
requirements of Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”); and

     WHEREAS, the Company has selected Optionee to participate in the Plan and desires to award to
Optionee the stock option described in this Agreement.

     NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements
herein contained, as an inducement to Optionee to continue as a Non-Employee Director, Employee or
Consultant of the Company or its subsidiaries and to promote the success of the business of the
Company and its subsidiaries, the parties hereby agree as follows:

     1. Grant of Option. The Company hereby grants to Optionee, upon the terms and subject
to the conditions, limitations and restrictions set forth in this Agreement, the Plan (which Plan
is incorporated herein by reference), and the Notice of Grant effective as of the date of the Award
(“Award Date”) as set forth in the Grant Information, an option (the “Option”) to acquire a total
number of shares of Common Stock (the “Shares”) and at the exercise price per share set forth in
the Grant Information, such grant to be effective as of the Award Date. The Shares of Common Stock
subject to the Option shall vest in accordance with the vesting schedule (the “Vesting

Exhibit “A”

Affiliated Computer Services, Inc.

Stock Option Agreement (Canadian Provinces other than Quebec) — Page 1 of 7

 

 

Schedule”) set forth in the Grant Information and shall be exercisable in accordance with the
exercise schedule (the “Exercise Schedule”) set forth in the Grant Information. If designated an
Incentive Stock Option, this Option is intended to qualify as an Incentive Stock Option as defined
in Section 422 of the Code.

     2. Exercise of Option. This Option shall be exercisable during its term in accordance
with the Exercise Schedule and with the provisions of Section 9 of the Plan as follows:

          (i) Right to Exercise.

               (a) The Option may not be exercised for a fraction of share.

               (b) In the event of the Optionee’s death, disability or other termination of employment, the
exercisability of the Option is governed by Sections 9 and 11 of the Plan, subject to the
limitation contained in subsections (c) and (d) of this Section 2(i).

               (c) In no event may the Option be exercised after the date of expiration of the term of the
Option as set forth in the Grant Information.

               (d) The Option may be exercised only with respect to the vested portion thereof in accordance
with the Grant Information.

          (ii) Method of Exercise. The Option shall be exercisable by written notice, which
notice shall state Optionee’s election to exercise the Option and the number of Shares in respect
of which the Option is being exercised. Such written notice shall be signed by Optionee and shall
be delivered in person or by certified mail to the Secretary of the Company. The written notice
shall be accompanied by payment of the exercise price payment by the Optionee and any income tax
withholding obligation imposed on the Company or any Subsidiary and the Optionee’s share of social
insurance, if any (or evidence satisfactory to the Company that such arrangements have been made to
ensure that such amounts will be reimbursed to the Company or any Subsidiary). An Option shall be
deemed to be exercised when written notice of such exercise has been received by the Company in
accordance with the terms of the Option by the person entitled to exercise the Option and full
payment for the Shares with respect to which the Option is exercised (and applicable tax, social
insurance, and other withholding (or evidence of such arrangements described in the previous
sentence)) has been received by the Company. Full payment may, as authorized by the Administrator,
consist of any consideration and method of payment allowable under Section 8(b) of the Plan. Until
the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company) of the stock certificate (or book entry shares)
evidencing such Shares, no right to vote or receive dividends or any other rights as a stockholder
shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The
Company shall issue (or cause to be issued) such stock certificate (or book entry shares) promptly
upon exercise of the Option. No adjustment will be made for a dividend or other right for which
the record date is prior to the date the stock certificates (or book entry shares) are issued,
except as provided in Section 14 of the Plan.

Exhibit “A”

Affiliated Computer Services, Inc.

Stock Option Agreement (Canadian Provinces other than Quebec) — Page 2 of 7

 

 

     3. Method of Payment. Payment of the exercise price shall be made in cash or, as
determined by the Administrator, in accordance with the terms and conditions of the Plan, including
by check, promissory note or other Shares. In the event the payment is made in other Shares, then
such other Shares that have a Fair Market Value on the date of payment equal to the aggregate
exercise price of the Optioned Stock with respect to which the Option is being exercised, provided,
however, that if such Shares (A) were acquired upon exercise of a compensatory stock option, the
Optionee has held such Shares for more than six months on the date of surrender, or (B) were not
acquired upon exercise of a compensatory stock option, such Shares were not acquired directly or
indirectly from the Company. No Shares may be issued by the Company until Optionee makes full
payment to the Company of the applicable exercise price and applicable tax and other withholdings.

     4. Restrictions on Exercise. This Option may not be exercised if the issuance of such
Shares upon such exercise or the method of payment of consideration for such shares would
constitute a violation of any applicable federal or state securities or other law or regulation.
As a condition to the exercise of this Option, the Company may require Optionee to make any
representation and warranty to the Company as may be required by any applicable law or regulation.

     5. Termination of Employment. In the event of termination of an Optionee’s consulting
relationship (in the case of a Consultant), Continuous Status as an Employee (in the case of an
Employee) or status as a Non-Employee Director of the Company, subject to Section 11 of the Plan:

          (i) in the case of Incentive Stock Options, an Optionee may exercise Options that are vested
at the date of termination to the extent and subject to the provisions of this Agreement, but in no
event later than three months after the date of termination or, if earlier, the expiration date of
the Option as set forth in the Grant Information; and

          (ii) in the case of Nonstatutory Stock Options, an Optionee may exercise Options that are
vested at the time of termination to the extent and subject to the provisions of this Agreement,
but in no event later than six months after the date of termination or, if earlier, the expiration
date of the Option as set forth in the Grant Information.

To the extent that an Optionee is not entitled to exercise an Option at the date of termination or
does not exercise such Option to the extent so entitled within the time specified in this Section
5, the Option shall terminate.

     6. Death of Optionee. In the event of the death of an Optionee, an Option may be
exercised by the estate of the Optionee, or by a person who acquired the right to exercise such
Option by bequest or inheritance or by reason of the death of the Optionee, according to its terms,
but in no event later than the expiration date of the Option as set forth in the Grant Information,
and only to the extent that the Optionee was entitled to exercise the Option at the date of death.
To the extent that an Optionee is not entitled to exercise an Option at the date of the Optionee’s
death, such unvested portion of the Option shall terminate.

Exhibit “A”

Affiliated Computer Services, Inc.

Stock Option Agreement (Canadian Provinces other than Quebec) — Page 3 of 7

 

 

     7. Termination for Cause. If a Participant’s employment with the Company or any
Subsidiary shall be terminated for Cause, such Participant’s right to any further payments, vesting
or exercisability with respect to any Award, including any vested Awards, shall terminate in its
entirety. “Cause” means termination of Participant’s employment for “cause” as defined in any
employment or severance agreement the Participant may have with the Company or a Subsidiary or, if
no such agreement exists, unless otherwise provided in this Agreement, “cause” means (a) conviction
or pleading guilty or no contest to any crime (whether or not involving the Company or any of its
Subsidiaries) constituting a felony in the jurisdiction involved; (b) engaging in any substantiated
act involving moral turpitude; (c) engaging in any act which, in each case, subjects, or if
generally known would subject, the Company or any of its Subsidiaries to public ridicule or
embarrassment; (d) material violation of the Company’s or any of its Subsidiaries’ policies,
including, without limitation, those relating to sexual harassment or the disclosure or misuse of
confidential information; (e) serious neglect or misconduct in the performance of the Participant’s
duties for the Company or any of its Subsidiaries or willful or repeated failure or refusal to
perform such duties; in each case as determined by the Committee, which determination will be
final, binding and conclusive. With respect to any Participant residing outside of the United
States, the Committee may revise the definition of “Cause” as appropriate to conform to the laws of
the applicable non-U.S. jurisdiction.

     8. Vesting of Option Upon Change of Control. If the Company undergoes a change of
control, as defined in the next sentence, then all outstanding Options and Stock Appreciation
Rights, whether or not such Options or Stock Appreciation Rights are vested at such time, shall
become vested and exercisable, effective the day immediately prior to such change of control. For
purposes of the preceding sentence, a change of control shall occur if the Company is merged,
consolidated or reorganized into or with another person, entity or group of entities under common
control or if a majority of the outstanding capital stock or all or substantially all of the assets
of the Company are sold to any other person, entity or group of entities under common control and
as a result of such merger, consolidation, reorganization or sale of capital stock or assets, more
than fifty percent (50%) of the combined voting power of the then outstanding voting securities of
the surviving person or entity immediately after such transaction are held in the aggregate by a
person, entity or group of entities under common control who beneficially owned less than fifty
percent (50%) of the combined voting power of the Company prior to such transaction.
Notwithstanding the foregoing, the following shall not constitute or result in a change of control
for purposes of this Section 8:

          (i) any transaction that is effected by the Company for the purposes of internal corporate
restructuring of the Company and its affiliated companies, which results in any or all of the
combined voting power of the voting securities of the Company being held by an entity affiliated
with the Company immediately prior to such transaction, or

          (ii) any transaction or series of transactions, which results in the ownership by
Darwin Deason, and/or any person, entity or group of entities that he controls, of more than fifty
percent (50%) of the combined voting power of the Company.

Exhibit “A”

Affiliated Computer Services, Inc.

Stock Option Agreement (Canadian Provinces other than Quebec) — Page 4 of 7

 

 

     9. Non-Transferability of Option. Awards may not be sold, pledged, assigned,
hypothecated, transferred, or disposed of in any manner other than by will or by the laws of
descent and distribution and Options may be exercised, during the lifetime of the Optionee, only by
the Optionee.

     10. Term of Option. The term of each Option shall be the term stated in the Grant
Information, provided, however, that no Option granted under the Plan shall be exercisable after
the expiration of 10 years from the date such Option is granted or such shorter period as may be
provided in this Agreement. In the case of an Incentive Stock Option granted to an Optionee who,
at the time the Incentive Stock Option is granted, owns stock representing more than 10 percent of
the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary,
the Incentive Stock Option shall not be exercisable after the expiration of five years from the
date such Option is granted or such shorter period as may be provided in this Agreement.

     11. Tax Consequences. The Optionee acknowledges receipt of a copy of the prospectus
relating to the offering of securities registered with the U.S. Securities and Exchange Commission
on Form S-8, which prospectus includes a Canadian prospectus supplement and brief summary as of the
date of this Agreement of some of the Canadian tax consequences of exercise of the Option and the
disposition of the Shares. SUCH SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND
REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THE
OPTION OR DISPOSING OF THE SHARES.

     12. Protection of Personal Data. The Optionee hereby authorizes the Company and any
Parent or Subsidiary, and their representatives, to discuss with and obtain all relevant
information from all personnel, professional or not, involved in the administration and operation
of the Plan. The Optionee further authorizes the Company and any Parent or Subsidiary, and their
representatives, to disclose and discuss the Plan and such relevant information with their
advisers. The Optionee further authorizes the Company and any Parent or Subsidiary to record such
relevant information and to keep such information in Optionee’s file.

     13. Relationship with Contract of Employment. The Optionee hereby acknowledges and
agrees that:

          (i) the grant of the Option is not part of the Optionee’s compensation or contract of
employment and the Optionee does not have any right to future grants of stock options under this or
any other plan; the rights and obligations of the Optionee under the terms of his or her contract
of employment with the Company or any Parent or Subsidiary are not affected by the grant of the
Option;

Exhibit “A”

Affiliated Computer Services, Inc.

Stock Option Agreement (Canadian Provinces other than Quebec) — Page 5 of 7

 

 

          (ii) rights relating to the exercise of vested options are determined as of the earlier of the
date the Optionee’s employment terminates and the date that notice of termination is provided to
the Optionee; no rights shall accrue to the Optionee under the Plan or this Agreement during any
contractual or deemed reasonable notice period;

          (iii) the rights granted to the Optionee upon the grant of the Option shall not afford the
Optionee any rights to compensation or damages in consequence of the loss or termination of his or
her office or employment with the Company or any Parent or Subsidiary for any reason whatsoever;
and

          (iv) the Optionee hereby waives any and all rights to compensation or damages for any loss or
potential loss in consequence of the loss or termination of his or her office or employment with
the Company or any Parent or Subsidiary for any reason whatsoever (including, without limitation,
any breach of contract by the Optionee’s Employer) insofar as those rights arise or may arise from
his or her ceasing to have rights under or be entitled to exercise any option under the Plan as a
result of such termination or from the loss of diminution in value of such rights or entitlements.

     14. Receipt of Plan; Understanding of Terms. Optionee acknowledges receipt of a copy
of the Plan and certain information related thereto and represents that he or she is familiar with
the terms and provisions thereof, and hereby accepts this Agreement and the Option subject to all
of the terms and provisions thereof. Optionee has reviewed the Plan and this Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement
and fully understands all provisions relating to the Option. Optionee hereby agrees to accept as
binding, conclusive and final all decisions or interpretations of the Board upon any questions
arising under the Plan.

OPTIONEE ACKNOWLEDGES AND AGREES THAT, WITH RESPECT TO SHARES NOT VESTED AS OF THE EFFECTIVE DATE
OF THIS AGREEMENT, THE VESTING OF SHARES PURSUANT TO THE OPTION HEREOF IS EARNED ONLY BY CONTINUING
CONSULTANCY OR SERVICE AS A NON-EMPLOYEE DIRECTOR, OR EMPLOYMENT AT THE WILL OF THE COMPANY (NOT
THROUGH THE ACT OF BEING HIRED OR ELECTED AS A NON-EMPLOYEE DIRECTOR, BEING GRANTED THIS OPTION OR
ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS
AGREEMENT, NOR IN THE COMPANY’S 2007 EQUITY INCENTIVE PLAN, WHICH IS INCORPORATED HEREIN BY
REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO THE CONTINUATION OF OPTIONEE’S
EMPLOYMENT, DIRECTORSHIP OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH
OPTIONEE’S RIGHT OR THE COMPANY’S, AND/OR THE SHAREHOLDERS’, OF THE COMPANY, AND/OR THE DIRECTORS’
OF THE COMPANY RIGHT TO TERMINATE OPTIONEE’S EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT
CAUSE.

Exhibit “A”

Affiliated Computer Services, Inc.

Stock Option Agreement (Canadian Provinces other than Quebec) — Page 6 of 7

 

 

     Optionee acknowledges receipt of a copy of the Plan and certain information related thereto
and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts
this Agreement and the Option subject to all of the terms and provisions thereof. Optionee has
reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice
of counsel prior to executing this Agreement and fully understands all provisions relating to the
Option. Optionee hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Board upon any questions arising under the Plan.

Exhibit “A”

Affiliated Computer Services, Inc.

Stock Option Agreement (Canadian Provinces other than Quebec) — Page 7 of 7

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