Document:

Amendment to the Agilysys, Inc. Benefits Equalization Plan

 Exhibit 10(dd) 
 AMENDMENT TO THE AGILYSYS, INC. 
 BENEFIT EQUALIZATION PLAN AND SECTION 409A BENEFIT
EQUALIZATION PLAN 
 THIS AMENDMENT to the Agilysys, Inc. Benefit Equalization Plan and Section 409A Benefit Equalization
Plan (the “Plans”) is executed by Agilysys, Inc. (hereinafter known as the “Company”) as of the date set forth below. 
 WITNESSETH: 
 WHEREAS, the Company adopted the Benefit Equalization Plan
effective as of April 27, 1999 and Section 409A Benefit Equalization Plan as of January 1, 2005 for the benefit of certain employees; 
 WHEREAS, pursuant to Section 11.1 of the Benefit Equalization Plan and Section 12.1 of Section 409A Benefit Equalization Plan, the Company has the right at any time and for any reason to amend
the Plans in accordance with such Section; 
 WHEREAS, the Compensation Committee of the Board has recommended that
the Plans be terminated effective March 31, 2011; and 
 IN WITNESS WHEREOF, Agilysys, Inc., by its duly
authorized officer, has caused this Amendment to the Plan to be signed effective as of March 31, 2011. 
  

			
	AGILYSYS, INC.
		
	 By:
	 	 /s/    KATHLEEN A.
WEIGAND

	 Its:
	 	General Counsel, Secretary & SVP HR
		
	 By:
	 	 /s/    HENRY R.
BOND

	 Its:
	 	SVP & CFOEmployment Agreement by and between Agilysys, Inc. and James Dennedy

 Exhibit 10(ee) 

 

 

 May 27, 2011 

Mr. James Dennedy 
 6177 Hathaway Road

 Lebanon, OH 45036 
 Dear Jim: 

We are pleased to extend an offer of employment for the position of Interim Chief Executive Officer with Agilysys, Inc. You will be working
in the Solon, Ohio facility, reporting directly to me. 
 As a member of the Management team, you will be eligible
for the following compensation and benefits: 

	 	•	 	 Starting annual base salary of $350,000 

	 	•	 	 Annual target FY12 incentive of $350,000, paid upon the filing of the Agilysys Form 10-K, based on achievement of objectives for the fiscal year ended
March, 31, 2012, or your termination of employment resulting from death or disability. 

	 	•	 	 The Company shall make an award of 42,000 shares of Restricted Stock, which will vest at the rate of 3,500 shares per month during the period of your
employment, following the first open window period subsequent to approval by Agilysys’ shareholders of the 2011 Stock Incentive Plan. The Restricted Stock Agreement is attached as Exhibit A. 

	 	•	 	 Full participation in the Agilysys, Inc. health, life insurance, paid time off (PTO), 401(K) and profit sharing plans. In addition, you will be
eligible to participate in the following executive benefit plans: 

	 	-	 Executive Life Insurance Plan 

	 	-	 Personal Liability Policy 

	 	-	 Health Management Program 

	 	•	 	 We will also grant you 25 PTO days (not inclusive of designated holidays) for each full calendar year of employment. 

	 	•	 	 In lieu of an automobile allowance or reimbursement for expenses associated with temporary living in Solon, the Company will reimburse you for your
travel to Cleveland and reasonable temporary living expenses. 

	 	•	 	 The Company will reimburse up to $3,000 for your costs associated with a legal review of this letter and your Employment Agreement, which is attached
as Exhibit B to this letter. 

	 	•	 	 Your severance will be paid as outlined in your Employment Agreement, which will replace any severance pursuant to Agilysys’ severance policies.

	 	•	 	 This offer requires that you sign an Insider Trading Policy, Non-Disclosure Agreement and Business Ethics Policy. You must also complete the Employment
Application enclosed with this employment package. 

 This offer of employment with Agilysys, Inc.
is also contingent upon Agilysys’ receipt of negative drug screen results, to which you must consent (forms enclosed). Also, Agilysys participates in the E-Verify Internet based system operated by the Department of Homeland Security (DHS) in
partnership with the Social Security Administration (SSA) to electronically determine employment eligibility of new hires and validity of Social Security Numbers. You will be required to complete a Form I-9 and furnish proof of your identity and
eligibility to be employed in the United States. 
 Please follow the instruction sheet in this employment package
to ensure the steps for your on-boarding are completed in a timely manner. All new employees are required to enroll to have pay deposited directly into accounts of their choice. All pay stubs are electronic and available to view or print via the
Agilysys intranet. 
 We look forward to having you join the Agilysys management team. If you have any further
questions, please don’t hesitate to contact me or Kathleen Weigand. 
 Sincerely, 

Keith Kolerus 
 Chairman of the Board 

THIS OFFER LETTER AND THE INFORMATION CONTAINED HEREIN DO NOT IN ANY WAY CONSTITUTE, AND SHOULD NOT BE CONSTRUED, AS A CONTRACT OF
EMPLOYMENT BETWEEN THE EMPLOYER AND THE EMPLOYEE OR A PROMISE OF EMPLOYMENT FOR ANY SPECIFIED LENGTH OF TIME. NO EMPLOYEE OF THE COMPANY IS AUTHORIZED TO OFFER ANY AGREEMENT, ORAL OR WRITTEN, FOR EMPLOYMENT FOR ANY SPECIFIED PERIOD OF TIME OR TO
MAKE ANY AGREEMENT CONTRARY TO THE COMPANY’S POLICIES. 

 Exhibit B 
 EMPLOYMENT AGREEMENT 
 AGILYSYS, INC. 

 

					
	Employee Name:	  	James Dennedy	  	Position: Interim President and CEO
		  	6177 Hathaway Road	  	
		  	Lebanon, Ohio 45036	  	

  

					
	Effective Date:	  	May 27, 2011	  	

 You are a valuable Agilysys employee, and we expect you to make a significant contribution to
Agilysys’ success. As a result, Agilysys, Inc. (“Agilysys”) wishes to employ you under the terms of this Employment Agreement (“Agreement”), which incorporates Keith Kolerus’s letter to you dated May 27, 2011
(“Offer Letter”). 
 1. Employment Period. You will be employed by Agilysys for the period beginning with the Effective
Date set forth above and ending with the Termination Date as defined in Paragraph 5, below (the “Employment Period”). 
 2. Position. You shall be employed in the position set forth above, with the duties and responsibilities customarily associated with that position. From time to time, Agilysys may determine that it is in
Agilysys’ best interest to add to, subtract from, or otherwise change your duties and responsibilities, or change or eliminate your title. 
 3. Best Efforts. You shall devote all of your business time and attention to your duties as an employee of Agilysys. You shall use your best efforts, energies, and skills to advance the business of Agilysys,
to further and improve its relations with suppliers, customers and others, and to keep available to Agilysys the services of its employees. You shall perform your duties in compliance with all laws and Agilysys’ published policies, including
ethical standards set forth in the Code of Business Conduct. 
 4. Compensation. Your compensation and benefits will be provided
pursuant to Agilysys’ standard programs in effect from time to time. Agilysys reserves the right, however, in its sole discretion, to impose salary reduction, and/or other cost reduction programs, which may reduce your targeted cash
compensation (provided that any such program is not discriminatory and subject to your right to terminate your employment for Change of Position as provided below. You shall be eligible to participate in any and all employee benefit plans made
available from time to time to Agilysys employees generally and those specifically provided for in this Agreement, other than automobile allowance. 
 5. Termination. Your employment may be terminated for Cause by Agilysys, voluntarily by you, or without Cause by Agilysys. The earlier of one year from your date of hire or the last date of your employment
as a result of termination for any of these reasons is the “Termination Date.” 
 A. Termination for Cause
and Voluntary Termination. If your employment terminates for any of the following reasons: (a) your death, disability, or legal incompetence; (b) the issuance by Agilysys of a notice terminating your employment “for Cause”
(which, for these purposes, means: (i) breach of any term of this Agreement or any other duty to Agilysys that is not cured within 30 days of written notice thereof; (ii) dishonesty, fraud, or failure to abide by the published ethical
standards, conflict of interest, or a material breach of a policy of Agilysys that is not cured within 30 days written notice thereof; (iii) your conviction for any felony crime, or for any other crime involving misappropriation of money or
other property of Agilysys; (iv) misconduct, malfeasance or insubordination; or (v) gross failure to perform under this agreement (not including simply a failure to attain quantitative targets)); or (c) you voluntarily resign your
employment, then your salary will end on the Termination Date. 

 B. Termination Without Cause. If your employment is terminated by Agilysys for
any reason other than those identified in Paragraph 5.A., above (including without limitation any automatic termination one year from your date of hire pursuant to Paragraph 5), then you will be paid a severance (“Severance Payments”)
equal to one (1) year regular base salary, which will be at the rate applicable to you at the time your employment terminates and will be paid during regular pay intervals during the one (1) year period (“Severance Period”). In
case of termination without Cause, you will be eligible to continue to participate in applicable medical and dental coverage program(s) available to Agilysys employees for the duration of the Severance Period. You will not otherwise be eligible for
severance under any Agilysys severance plan. 
 C. Change of Position. If Agilysys changes your position such that
your responsibilities or compensation (including without limitation any equity compensation) are substantially lessened (a “Change of Position”), then you may, within 30 days of such Change of Position, give Agilysys written notice
that you are terminating your employment for this reason. Such termination for Change of Position will be deemed a termination by Agilysys without Cause for purposes of this Agreement and you shall be entitled to the Severance Payments described in
Paragraph 5.B., above. 
 6. Confidential Information. During the course of your employment, you have learned, and will learn,
various proprietary or confidential information of Agilysys and/or its related and affiliated companies (including the identity of customers and employees; vendor information; marketing information and strategies; sales training techniques and
programs; product development and design; acquisition and divestiture opportunities and discussions; and data processing and management information systems, programs, and practices). You shall use such information only in connection with the
performance of your duties to Agilysys and agree not to copy, disclose, or otherwise use such information or contest its confidential or proprietary nature. You agree to return any and all written documents containing such information to Agilysys
upon termination of your employment. 

	7.	 Restrictive Covenants. 

 A. No Hiring. During the Employment Period and for 12 months thereafter, you agree not to employ or retain, have any other person or firm employ or retain, or otherwise participate in the employment or
retention of any person who was an employee or consultant of Agilysys at any time during the 12 months preceding the end of the Employment Period. 
 B. Non-Competition. In the event that (i) Agilysys terminates your employment for Cause or (ii) you voluntarily terminate your employment with Agilysys for any reason other than Change of Position,
you agree that for a period of 12 months after such termination you will not be employed by, own, manage, operate, or control, or participate, directly or indirectly, in the ownership, management, operation, or control of, or be connected with
(whether as a director, officer, employee, partner, consultant, or otherwise), any business which competes with the business of Agilysys, any peer group of Agilysys identified in the three prior proxy statements of Agilysys, any Agilysys customer,
any vendor with whom Agilysys does business and any companies selling enterprise computer systems, and related consulting, integration, maintenance and professional services (the “Non-compete Obligation.”) 

C. If Agilysys terminates your employment for any reason other than for Cause (or if you terminate your employment for
reasons of Change of Position), then the above Non-Compete Obligation will not apply to you for a 12-month period, unless Agilysys, at its option, elects to extend the Non-Compete Obligation to you for up to a twelve-month period following the
termination of your employment (“Extended Non-Competition Period”), in which case Agilysys will pay your regular base salary, in accordance with regular payroll practices (the “Non-Competition Payments”), during the Extended

 
Non-Compete Period. 
 Any Non-Competition Payments made to
you, as described in the preceding sentence, will be in lieu of Severance Payments. To the extent the Non-Competition Period is shorter than the Severance Period applicable to you, if any, Severance Payments, if applicable to you, will be made to
you for the duration of the remainder of the Severance Period after the end of the Non-Competition Period. All decisions as to (i) whether to extend to you the Non-Compete Obligation (and therefore, whether to make Non-Competition Payments to
you); and (ii) the duration of any such Extended Non-Compete Period, shall be within the sole discretion of Agilysys, and will be communicated to you at the time of termination. The Non-Competition Payments described in this subparagraph
apply only to termination of your employment by Agilysys for reasons other than for Cause, or if you terminate your employment for reasons of Change of Position. 

It is understood and acknowledged that any Non-compete Obligation arising under Paragraph 7 shall be in addition to any
other obligations on your part under this Agreement, including but not limited to the confidentiality and no-hiring provisions of Paragraphs 7.A. and 7.B., above. 
 8. Assignment of Inventions. You agree to promptly and fully disclose to Agilysys all ideas, inventions, discoveries, creations, designs, and other technology and rights (and any related improvements or
modifications thereof), whether or not protectable under any form of legal protection afforded to intellectual property (collectively, “Innovations”), relating to any activities or proposed activities of the Agilysys and its affiliates,
conceived or developed by you during your employment, whether or not conceived during regular business hours. Such Innovations shall be the sole property of Agilysys. To the extent possible, such Innovations shall be considered a Work Made for Hire
under the U.S. Copyright Act. To the extent the Innovations may not be considered such a Work Made for Hire, you agree to automatically assign to Agilysys, at the time of creation of such Innovations, any right, title, or interest that you may have
in such Innovations. You further agree that you will execute such written instruments, and perform any other tasks as may be necessary in the opinion of Agilysys to obtain a patent, register a copyright, or otherwise protect or enforce
Agilysys’ rights in such Innovations. 
 9. Specific Performance and Injunctive Relief. You acknowledge that Agilysys will be
irreparably damaged if the provisions of this agreement are not specifically enforced, that monetary damages will not provide an adequate remedy to Agilysys, and that Agilysys is entitled to an injunction (preliminary, temporary, or final)
restraining any violation of this agreement (without any bond or other security being required), or any other appropriate decree of specific performance. Such remedies are not exclusive and shall be in addition to any other remedy which Agilysys may
have. 
 10. Severability and Reformation. The provisions of Paragraphs 6 through 10 of this agreement constitute independent and
separable covenants which shall survive termination or expiration of the Employment Period. Any paragraph, phrase, or other provision of this agreement that is determined by a court of competent jurisdiction to be overly broad in scope, duration, or
area of applicability or in conflict with any applicable statute or rule shall be deemed, if possible, to be omitted from this agreement. The invalidity of any portion hereof shall not affect the validity of the remaining portions. 

	11.	 Assignment. 

 (a) This agreement is personal to you, and cannot be assigned by you to any other party. 
 (b) This agreement shall inure to the benefit of, and be binding upon and enforceable by Agilysys, and by its successors and assigns. This agreement may be assigned by Agilysys, without your consent, to a
third party (“Assignee”) in connection with the sale or transfer of all or substantially all of Agilysys’ business, whether by way of sale of stock, sale of assets, merger or other transaction. Such

 
assignment by Agilysys will not constitute nor be deemed a termination of your employment by Agilysys, and will not give rise to any rights under Paragraph 5 of this Agreement. After such
assignment, any further rights which you have under this Agreement will be the responsibility of the Assignee. 
 12. General. This
agreement (together with the Offer Letter) constitutes our full understanding relating to your employment with Agilysys, and replaces and supersedes any and all agreements, contracts, representations or understandings with respect to your employment
(collectively, “Prior Agreements”). This agreement is governed by and is to be construed and enforced in accordance with the internal laws of the State of Ohio, without giving effect to principles of conflicts of law. In the event of a
conflict between the terms hereof and the provisions of Agilysys’ Employee Handbook, the terms hereof shall control; otherwise, the provisions of the Employee Handbook shall remain applicable to your employment relationship. This agreement may
not be superseded, amended, or modified except in a writing signed by both parties. 
 In
witness whereof the parties have executed this agreement this 27th day of May, 2011. 

 

			
	AGILYSYS, INC.
		
	 By:
	 	  

		 	Keith Kolerus
	 Title:
	 	Chairman of the Board
		
		 	  

		 	James Dennedy
		 	Interim President and Chief Executive Officer

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