Document:

Employment Agreement between Sanjay Tugnait

 Exhibit 10.21 

THIS AGREEMENT entered on this 26th day of March 2012 
 B E T W E E N: 
 iGATE Technologies (Canada) Inc., a corporation duly
incorporated (Canada) and having offices located at 5750 Explorer Drive – Suite 401, Mississauga, ON, Canada, L4W 5KP. 

(hereinafter referred to as “iGATE Patni”) 
 –and– 
 OF THE FIRST PART 

Sanjay Tugnait domiciled in Canada 
 (hereinafter referred to as the “Employee”) 
 OF THE SECOND PART

 WHEREAS iGATE Patni is in the business of providing services to clients in the field of computer programming, systems
analysis and design (“computer services”) as well as consulting, analysis and design services in the field of IT / BPO (“IT / BPO services”); 
 AND WHEREAS the Employee has represented that he has skills, experience and competence to lead the North America sales team and increase market presence for iGATE Patni, and contribute for the
revenue growth of iGATE Patni in the geography; 
 IN CONSIDERATION of the promises set out below, iGATE Patni and the
Employee agree as follows: 
  

	1.	iGATE Patni agrees to employ the Employee to perform the role of Executive Vice President & Head Sales North America and, any other assignment given to the
Employee, commensurate with employee skills and experience. 

  

	2.	The Employee will perform all services required of him in a prompt, competent and professional manner. 

 

	3.	The Employee agrees that his employment with iGATE Patni is full time and that, while employed by iGATE Patni, he will not provide any services for profit for anyone
else. 

  

	4.	iGATE Patni will pay the Employee for his services on the basis set out in Attachment A to Offer of Appointment. All business related travel and expenses will be
reimbursed based on the policy in the company. 

  

	5.	Any invention or improvement in any way relating to iGATE Patni’s business which the Employee may conceive during his employment with iGATE Patni shall become the
exclusive property of iGATE Patni. The Employee will transfer to iGATE Patni all rights in such inventions and improvements. The Employee will not, either during his employment with iGATE Patni or after it ends, use or disclose any such inventions
or improvements except for use as an employee of iGATE Patni in performing services for iGATE Patni’s clients. 

  

	6.	 In the course of his employment with iGATE Patni, the Employee will be exposed to and learn of confidential information and trade secrets relating to
iGATE Patni’s business, iGATE Patni’s clients and prospective clients and iGATE Patni’s employees. Use and disclosure of such confidential information and trade secrets except in relation to iGATE Patni’s business would be highly
detrimental to iGATE Patni. Therefore, the Employee agrees that he will not use or disclose such 

	 	
confidential information and trade secrets except in his employment with iGATE Patni in performing services for iGATE Patni’s clients. 

 

	7.	After his employment with iGATE Patni ends, for the number of months equal to the number of months he was employed by iGATE Patni up to a maximum of six
(6) months, the Employee will not, alone or with others, directly or indirectly: 

  

	 	(a)	In any manner solicit, take away or attempt to solicit or take away any clients of iGATE Patni for whom he performed services during the last twelve (12) months of
his employment or such lesser number of months equal to the length of employment if less than twelve (12) months; or 

  

	 	(b)	In any manner solicit, take away or attempt to solicit or take away any iGATE Patni employee or consultant; or 

 

	 	(c)	provide IT / BPO services to any iGATE Patni client for whom the Employee performed services during the last twelve (12) months of his employment or such lesser
number of months equal to the length of employment if less than twelve (12) months : 

  

	 	i)	as an Employee of that client; or 

	 	ii)	in any other capacity. 

  

	8.	The Employee’s employment with iGATE Patni shall continue until terminated as follows: 

 

	 	a.	by the Employee, by giving iGATE Patni six (6) months prior written notice; or 

	 	b.	by iGATE Patni, by giving the Employee a six (6) months written notice within the delays and in the manner prescribed by provincial legislation applicable to the
employment of the Employee by iGATE Patni; or 

	 	c.	in lieu of clause 8a or 8b above, either party may terminate by paying six (6) months salary. Salary is defined for this purpose as base salary and the sales bonus
payment, which shall be calculated proportionately for the period of bonus eligibility in reference to the target achievement. 

  

	9.	Paragraph 8 do not apply to iGATE Patni where the Employee has been guilty of dishonesty, violence, wilful misconduct, wilful disobedience or wilful neglect of duty or
for any other cause sufficient in law. In such cases, iGATE Patni may terminate the employment of the Employee without notice. 

  

	10.	All documents submitted by the Employee to iGATE Patni with at the time of employment are subject to verification by iGATE Patni or an agency appointed by iGATE Patni
at any time during the Employee’s employment with the iGATE Patni. Employee hereby specifically authorizes iGATE Patni or any external agency appointed by the iGATE Patni to verify Employee’s educational and employment antecedents,
Employee’s conduct and conducts any other back ground checks during the course of this Employment Agreement. The Employee is expected to extend full cooperation during such verification. 

 

	11.	All notices relative to this Agreement will be given in writing and at the address stated in the preamble. 

 

	12.	The terms of this Agreement replace all prior agreements between iGATE Patni and the Employee. 

 

	13.	The terms of this Agreement and the employment of the Employee by iGATE Patni shall be governed by the laws of the Province of Ontario. 

 

	14.	 The invalidity or unenforceability of one or several paragraphs of this Agreement shall not have any effect on the validity or enforceability of the
remaining provisions of this Agreement, which shall 

	 	
continue to be applicable to the fullest extent without regard to the invalid or unenforceable provisions. 

 

							
		 		 	iGATE Technologies (Canada) Inc.,
				
	 March 26, 2012
	 		 	per:	 	 /s/ Srinivas Kandula

	Date	 		 		 	
				
	  
 Date
	 		 	per:	 	  

			
	March 26, 2012	 		 	/s/ Sanjay Tugnait
	Date	 		 	Employee

 March 26, 2012 
 Mr. Sanjay Tugnait 
 Mumbai. 
 Dear Sanjay, 
 Offer of Employment 

We are pleased to offer you a position as an Executive Vice President & Head Sales North America with iGATE Technologies (Canada)
Inc. (“iGATE Patni” or “Company”). Your employment to be effective upon the date of your commencing services with iGATE Patni. Upon your joining, you will be reporting to CEO, iGATE Patni. 

You shall use your best energies and abilities on a full-time basis to perform the employment duties assigned to you from time to time and also shall
comply with all rules, regulations and procedures of the Company. Your performance will be reviewed as per the Company’s performance management review policy. During your employment you shall not directly or indirectly usurp any corporate
opportunities or otherwise engage in any conduct adverse to the best interests of the Company. Also, you are instructed not to divulge any confidential information of, or violate any agreement with, your prior employers or their clients. 

Your compensation details are as per the Attachment “A” attached to this letter. 
 Your insurance coverage under iGATE Patni Great West Life plan, which includes weekly indemnity, long term disability, life insurance, vision care, prescription drugs, and dental care, will be effective
when you commence your employment with iGATE Patni. You are eligible for healthcare insurance as per iGATE Patni healthcare policy, applicable to employees in Canada. In addition, you are entitled to three (3) weeks of paid vacation, in
accordance with iGATE Patni’s vacation policy. 
 This offer of employment is conditional upon signing an Employment Agreement with iGATE
Patni on or before commencing employment. 
 This offer will expire if a signed copy indicating acceptance is not returned
by April 2nd 2012. 

We look forward to a long and mutually beneficial relationship. 
  

					
	Sincerely,	  		  	Accepted & Agreed
			
	Srinivas Kandula	  		  	 /s/    Sanjay Tugnait

	EVP & Global Head – Human Resources	  		  	Sanjay Tugnait

 ATTACHMENT “A” 

 

	1.	Position: Executive Vice President & Head Sales North America 

 

	2.	Location: Toronto, Canada 

  

	3.	Annual Base Salary: Equivalent of USD $500,000.00 per annum in Canadian Dollars (CAD) (payable in semi-monthly pay cycle, i.e. in 24 equal installments in
a year). 

  

	4.	Sales Bonus: You will be eligible to earn up to 100% of your annual base salary (equivalent of USD $500,000.00 per annum in Canadian Dollars* (CAD)) as
sales bonus per annum on achieving your performance goals. The performance goals for sales bonus payout will be set forth by your manager. The bonus payout is governed by the sales bonus policy in the Company. 

For the first year of your employment (from date of joining) with iGATE, 100% of bonus i.e., equivalent of $500,000.00
USD in CAD* is guaranteed as bonus against the overall eligibility of equivalent of $500,000.00 USD in CAD*. For the second year of your employment (from date of joining) with iGATE, 30% of bonus i.e. equivalent of $150,000.00 USD in CAD* is
guaranteed as bonus against the overall eligibility (yearly sales bonus as applicable at the beginning of
13th month from date of joining). The payout cycle of
these guaranteed bonuses will be as indicated below: 
  

	 	a)	Equivalent of $500,000.00 USD in CAD* will be paid upon completion of 12 months of employment with iGATE Patni. 

 

	 	b)	Equivalent of $150,000.00 USD in CAD* will be paid upon completion of 24 months of employment with iGATE Patni. 

 

	 	c)	Any sales bonus earned beyond the guaranteed sum will also be released on completion of 12 and 24 months respectively. 

 

	5.	Benefits: Employee is eligible for standard company benefits in the same manner as other employees of the Company. 

 

	*	The exchange rate between USD and CAD will be the rate as on your date of joining. 

 Your salary is personal and confidential information. You should discuss it only with your Manager or with your Business HR Manager. 

 

									
					
	BY:	 	 	 		 	BY:	 	/s/ Sanjay Tugnait
		 	iGATE Technologies (Canada) Inc	 		 		 	Sanjay Tugnait
					
	DATE:	 	 	 		 	DATE:	 	March 26, 2012Performance Share Award Agreement between Sanjay Tugnait

 Exhibit 10.22 

 
 

 
 iGATE CORPORATION 
 PERFORMANCE SHARE AWARD AGREEMENT 
 THIS
PERFORMANCE SHARE AWARD AGREEMENT (the “Agreement”), made as of this 12th day of July, 2012 (the “Grant Date”), by and between iGATE Corporation, 6528 Kaiser Drive, Fremont, CA 94555 (the “Corporation”) 

and 
 Sanjay
Tugnait (Emp ID – 804874) (the “Grantee”), a key employee of the Corporation. 
 WITNESSETH THAT:

 WHEREAS, Grantee is now employed by the Corporation (“Corporation”, when used herein with reference to
employment of Grantee, shall include any Affiliate of the Corporation as such term is defined in the iGATE Corporation 2006 Stock Incentive Plan) as a key employee; and 
 WHEREAS, under the iGATE Corporation 2006 Stock Incentive Plan (the “Plan”) the Corporation may grant non-qualifying performance share awards to key employees of the Corporation entitling
the recipient to acquire shares of Common Stock, par value $.01 per share, of the Corporation (“Stock”) upon the attainment of specified performance goals subject to restrictions set forth in the Plan and in this Agreement; and

 WHEREAS, capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the
Plan; and 
 WHEREAS, the Corporation desires to grant a performance share award to Grantee at this time; 

NOW THEREFORE, in consideration of the covenants and agreements herein contained and intending to be legally bound, the parties hereby
agree with each other as follows: 
 SECTION 1: Performance Share Award 

 

	1.1	 Subject to the terms and conditions set forth herein and to the terms of the Plan, and in order to provide an additional incentive for Grantee, as a
key employee, to work for the long-range success of the Corporation, the Grantee is hereby granted, effective on the Grant Date, a performance share award (the “Award”) representing a right to acquire 88,000 shares of Stock,
contingent upon satisfaction of the performance goals and other conditions set forth herein. For purposes of this Award, 88,000 shares are considered the Grantee’s “Target Amount.” Except as otherwise provided herein,
the payment due in settlement of the Grantee’s vested Award shall be made in the form of shares of Stock, with the number of shares payable determined by reference to the Corporation’s trailing twelve month EBITDA at any fiscal quarter-end
within the period commencing on July 3, 2012 and ending on June 30, 2016 (the “Performance Period”) as further described in Section 2.1 herein. For purposes of the Award, “EBITDA” shall mean adjusting
net income by adding interest expense (or subtracting interest income), income tax expense, depreciation and amortization, subtracting net other income and foreign exchange gains (or

  
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subtracting foreign exchange losses), and adding equity in loss of affiliated companies (or subtracting equity in gain of affiliated companies). 

SECTION 2: Calculation of Potential Award 
  

	2.1	If at the end of any fiscal quarter within the Performance Period, the Corporation’s trailing twelve month EBITDA equals $400,000,000 (“Target
EBITDA”), then the Target Amount of the Award shall be earned by Grantee. If at the end of any fiscal quarter within the Performance Period, the Corporation’s trailing twelve month EBITDA equals $500,000,000 (“Maximum
EBITDA”), then, in addition to the Target Amount, an additional 88,000 shares of Stock shall be earned by Grantee. No pro-rata vesting will be granted for results achieved between Target EBITDA and Maximum EBITDA. Notwithstanding
anything set forth in this Agreement, no payment shall exceed any applicable limits set forth in the Plan. 

  

	2.2	If the Award is earned, the Corporation shall cause a stock certificate to be issued in the Grantee’s name for the number of shares of Stock of the Corporation
determined by the Compensation Committee to be payable pursuant to paragraph 2.1 hereof. Payment shall be made following vesting, and in no event more than two and one-half months following the end of the calendar year in which either Target EBITDA
or Maximum EBITDA is achieved. In the event that any payment to a U.S. tax-payer with respect to any Award is considered to be based upon separation from service, and not compensation the Grantee could receive without separating from service, then
such amounts may not be paid until the first business day of the seventh month following the date of the Grantee’s termination if the Grantee is a “specified employee” under Section 409A of the United States Internal Revenue Code
of 1986, as amended (the “Code”) upon his separation from service. 

 SECTION 3: Forfeiture and
Acceleration 
  

	3.1	The Grantee will not vest and will forfeit the Award immediately upon voluntary termination of employment, termination for cause or involuntary termination prior to the
date of vesting of any Award as determined pursuant to Section 2. If the Grantee terminates employment with the Corporation after the vesting date as determined pursuant to Section 2, but before payment of any vested Award hereunder, such
vested Award shall nonetheless be paid to the Grantee. 

  

	3.2	Notwithstanding the foregoing, upon the occurrence of the following events set forth in (a), (b), (c) and (d) below (each a “Change in
Control”), the Award shall become payable immediately in the form of restricted Stock on the effective date in the Change of Control: 

  

	 	(a)	the acquisition, other than from the Corporation, 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 “Act”)) (a “Person”) (other than the Corporation, a Subsidiary or any of their respective benefit plans or affiliates within the meaning of Rule 144 under the Securities Act of 1933, as amended) of
beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Act) of 30% or more of either (i) the then outstanding shares of Stock (the “Outstanding Stock”) or (ii) the combined voting power of the then
outstanding voting securities of the Corporation entitled to vote generally in the election of directors (the “Company Voting Securities”); or 

  

	 	(b)	 Individuals who, as of the date of this Agreement, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a
majority of the Board, provided that any individual becoming a director subsequent to the Effective Date whose election or 

  
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nomination for election by the Company’s stockholders 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 is in connection with an actual or threatened election contest relating to the election of the Directors of the
Company (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Act); or 

  

	 	(c)	Approval by the stockholders of the Corporation of a reorganization, merger or consolidation or similar form of corporate transaction, involving the Corporation or any
of its Subsidiaries (a “Business Combination”), in each case, with respect to which all or substantially all of the individuals and entities who were the respective beneficial owners of the Outstanding Stock and Company Voting Securities
immediately prior to such Business Combination do not, immediately following 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 in substantially the same proportion as their ownership
immediately prior to such Business Combination of the Outstanding Stock and Company Voting Securities, as the case may be; or 

  

	 	(d)	(A) Approval by the stockholders of the Corporation of a complete liquidation or dissolution of the Corporation or (B) sale or other disposition of all or
substantially all of the assets of the Corporation other than to a corporation with respect to which, following such sale or disposition, 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 is then owned beneficially, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners,
respectively, of the Outstanding Stock and Company Voting Securities immediately prior to such sale or disposition in substantially the same proportion as their ownership of the Outstanding Stock and Company Voting Securities, as the case may be,
immediately prior to such sale or disposition. 

  

	3.3	Notwithstanding Section 3.1, if the Grantee’s termination of employment occurs prior to the end of the Performance Period by reason of (i) Grantee’s
death, (ii) Grantee’s permanent total disablement (covered by a long-term disability plan of the Corporation then in effect) or (iii) Grantee’s retirement, then the Grantee/Grantee’s legal heir shall be entitled to only
Award vested pursuant Section 2.1 herein. If the Grantee’s termination of employment occurs as per this clause, after the vesting date as determined pursuant to Section 2, but before payment of any vested Award hereunder, such vested
Award shall nonetheless be paid to the Grantee. Notwithstanding anything contained herein, the Compensation Committee of the Board at its own discretion may review on a case to case basis regarding the unvested Award in case of Grantee’s death
or permanent total disablement. 

  
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 SECTION 4: Miscellaneous 

 

	4.1	Notwithstanding any other provision of this Agreement, Grantee hereby agrees to take any action, and consents to the taking of any action by the Corporation, with
respect to the Award hereunder necessary to achieve compliance with applicable laws or regulations in effect from time to time. Any determination by the Committee with respect to the need for any action in order to achieve such compliance with laws
or regulations shall be final, binding and conclusive. The Corporation shall in no event be obligated to register any securities pursuant to the Securities Act of 1933 (as the same shall be in effect from time to time) or to take any other
affirmative action in order to cause the Award under the Plan, the lapsing of restrictions thereon or the delivery of certificates therefore to comply with any law or regulation in effect from time to time. 

 

	4.2	Where required by law, no later than the date of payment of any portion of the Award, the Grantee shall pay to the Corporation an amount sufficient to allow the
Corporation to satisfy its tax withholding obligations applicable to the Award. To this end, the Grantee shall either: 

  

	 	(a)	pay the Corporation the amount of tax to be withheld in cash; 

  

	 	(b)	deliver to the Corporation other shares of Stock owned by the Grantee prior to such date having an aggregate Fair Market Value on the date on which the amount of tax to
be withheld is determined which does not exceed the amount of tax required to be withheld (based on the statutory minimum withholding rates for federal and state tax purposes, including payroll taxes); 

 

	 	(c)	make a payment to the Corporation consisting of a combination of both (a) and (b) above; or 

 

	 	(d)	request that the Corporation cause to be withheld a number of shares of Stock otherwise due the Grantee hereunder having a Fair Market Value on the date on which the
amount of tax to be withheld is determined which does not exceed the amount of tax required to be withheld (based on the statutory minimum withholding rates for federal and state tax purposes, including payroll taxes); provided, however, that
shares may be withheld by the Corporation only if such withheld shares have vested). 

 Grantee understands that
no shares of Stock shall be delivered to Grantee, notwithstanding the vesting thereof, unless and until Grantee shall have satisfied any obligation for withholding taxes with respect thereto as provided herein. 

 

	4.3	For the purposes of this Agreement, the term “Subsidiary” means any corporation or other entity (other than the Corporation) in any unbroken chain of
corporations or other entities, beginning with the Corporation, if each of the corporations or entities (other than the last corporation or entity in the unbroken chain) owns stock or other interests possessing 50% or more of the economic, interest
or the total combined voting power of all classes of stock or other interests in one of the other corporations or entities in the chain. 

  

	4.4	Grantee hereby indemnifies the Corporation and holds it harmless from and against any and all damages or liabilities incurred by the Corporation (including liabilities
for attorneys’ fees and disbursements) arising out of any breach by Grantee of this Agreement. 

  

	4.5	Nothing herein shall be construed as giving Grantee any right to be retained in the employment of the Corporation or affect any right which the Corporation may have to
terminate the employment of such Grantee. 

  
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	4.6	Any Award made hereunder is intended to qualify as performance-based compensation under Section 162(m) of the Code, and this Agreement, and any Award made
hereunder, will be construed and administered accordingly. 

  

	4.7	This Agreement is subject in all respects to the terms of the Plan, as amended and interpreted from time to time by the Plan Administrator; provided however, that no
alteration, amendment, revocation or termination of the Plan shall, without the written consent of Grantee, adversely affect the rights of Grantee with respect to the Award. Should there be any inconsistency between the provisions of this Agreement
and the terms and conditions of the Plan, the provisions in the Plan shall govern. 

  

	4.8	This Agreement shall be construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania, other than any choice of law provisions calling for the
application of laws of another jurisdiction. 

 IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the day and year first above written. 
  

	
	iGATE CORPORATION
	
	/s/ Mukund Srinath
	 Mukund Srinath
 Senior Vice President – Legal
 & Corporate
Secretary

  
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