Document:

EX-10.117

	 	 	 	 	 

Exhibit 10.117

COMPUWARE CORPORATION

AMENDED AND RESTATED 2005 NON-EMPLOYEE DIRECTORS

DEFERRED COMPENSATION PLAN

FORFEITURE AND REPLACEMENT AGREEMENT

     THIS FORFEITURE AND REPLACEMENT AGREEMENT (“Agreement”) dated
                    , is between COMPUWARE
CORPORATION (the “Company”) and «director» (the “Director”).

     WHEREAS, the Director is currently a participant in the Amended and Restated 2005 Directors’
Deferred Compensation Plan (the “Plan”);

     WHEREAS, the Director currently has the right to receive a payment of cash pursuant to prior
deferrals made by the Director under the Plan (the “Deferred Compensation Payment”) to be paid out
in accordance with the Director’s Deferred Compensation Distribution Election Agreement;

     WHEREAS, the Director desires to forfeit all rights to the Deferred Compensation Payment, any
rights granted under the Director’s Deferred Compensation Agreement and the Director’s Deferred
Compensation Distribution Election Agreement;

     WHEREAS, IRS Notice 2007-86 permits a change in the time and form of payment under the Plan on
or before December 31, 2008 without triggering a change in the time and form of payment under
Internal Revenue Code Section 409A(a)(4)(C) or an acceleration of payment under Internal Revenue
Code Section 409A(a)(3) for a payment under the Plan that would not otherwise be payable in 2008;

     WHEREAS, the Company desires to replace these forfeited rights with an equivalent value of
Restricted Stock Units pursuant to the attached Restricted Stock Unit Award Agreement and the
Compuware Corporation 2007 Long Term Incentive Plan (the “LTIP”) and permit the Director to make a
change in the time and form of payment;

     WHEREAS, Director is making a change in the time and form of payment pursuant to the attached
Director Deferred Compensation Agreement;

     THEREFORE, the Director and the Company agree to the following:

     1. As of January 1, 2009, the Director shall forfeit all rights to the payment in cash of the
Deferred Compensation Payment.

     2. As of January 1, 2009, the Director shall forfeit all rights under the Director’s Deferred
Compensation Agreement and the Director’s Deferred Compensation Distribution Election Agreement,
and such agreements shall be cancelled as of such date.

     3. As of January 1, 2009, the Company shall grant the Director a number of Restricted Stock
Units under the LTIP determined by dividing the Deferred Compensation Payment as of January 1, 2009
by the average of the high and low sale prices per share of the Company’s common stock on Nasdaq on
December 31, 2008 (or if the Common Stock is not traded on the Nasdaq on such date, then on the
next

 

 

preceding date on which the Common Stock was so traded) and such Restricted Stock Units shall
have such other terms as set forth in the Restricted Stock Unit Award Agreement attached hereto as
Exhibit A.

     4. The Director has had an opportunity to review this Agreement with Director’s independent
tax advisor.

     IN WITNESS WHEREOF, the undersigned agreed to the terms of this Agreement and executed as of
the date set forth above.

	 	 	 	 	 
	 	COMPUWARE CORPORATION

 	 
	 	By:  	 	 
	 	 	Daniel S. Follis, Jr. 	 
	 	 	General Counsel & Secretary 	 
	 
	 	DIRECTOR

 	 
	 	 	By:EX-10.118

	 	 	 	 	 

Exhibit 10.118

RESTRICTED STOCK UNIT AWARD AGREEMENT

TO: «director»

     THIS AGREEMENT (the “Agreement”) is made effective as of «date» (the “Grant Date”),
between Compuware Corporation, a Michigan corporation (the “Corporation”), and the individual whose
name is set forth above, who is a Director of the Corporation (the “Recipient”). Capitalized terms
not otherwise defined herein shall have the same meanings as in the 2007 Long Term Incentive Plan
(the “Plan”), and the terms of the Plan are hereby incorporated by reference and made a part of
this Agreement.

     In consideration of the mutual covenants set forth in this Agreement and other good and
valuable consideration, receipt of which is acknowledged, the parties agree as follows:

          1. Grant of the Restricted Stock Units. Subject to the terms and conditions of the
Plan and this Agreement, the Corporation grants to the Recipient «units» Restricted Stock
Units (hereinafter called the “Units”). In the event of any conflict between the Plan and this
Agreement, the terms of the Plan shall control. The grant of Units made under this Agreement is
referred to as the “Units Award”.

          2. Vesting. The Units shall vest and become nonforfeitable on the Grant Date.

          3. Settlement. As soon as practicable, but no later than thirty (30) days, after a
Recipient incurs a “separation from service” (as defined in Code Section 409A and the regulations
thereunder) for any reason except for “Cause”, the Corporation will issue to Recipient or
Recipient’s legal guardian or representative (if applicable) one share of Common Stock for each
Unit. The issuance of shares of Common Stock may be in certificated form or in book entry form, in
the Corporation’s sole discretion, in either case without restrictive legend or notation (except to
the extent necessary or appropriate under applicable securities laws). The Units shall not be
settled in cash. If the Recipient is removed from the Board of Directors for “Cause”, all Units
shall terminate and be forfeited to the Corporation on the date the Recipient ceases to be a member
of the Board of Directors. “Cause” is defined as termination for (1) Recipients continued failure
to make a good faith effort to perform the Participant’s duties, (2) any willful act or omission by
the Recipient that the Recipient knew or had reason to know would injure the Company or any of its
subsidiaries, (3) the Participant’s fraud, (4) the Participant’s dishonesty, or (5) the
Participant’s commission of a felony, or the Participant’s violation of any law relating to the
Participant’s service as a member of the Board of Directors.

          4. Dividend Equivalents; Rights as a Shareholder. Units awarded under this Agreement
shall not be entitled to Dividend Equivalents and the Recipient shall have no dividend, voting or
other rights as a shareholder of the Corporation until certificates are issued or a book entry
representing such shares has been made and such shares have been deposited with the appropriate
registered book entry custodian.

          5. Change in Capitalization. In the event of a dividend or distribution paid in
shares of Common Stock or any other adjustment made upon a change in the capital structure of the
Corporation as described in Article IX of the Plan that occurs prior to settlement, appropriate
adjustment shall be made to the Units so that they represent the right to receive upon settlement
any and all new, substituted or additional securities or other property (other than cash dividends)
to which the Recipient would be
entitled if the Recipient had owned, at the time of such change in capital structure, the
shares of Common Stock issuable upon settlement of the Units.

 

 

          6. Payment of Taxes. The Recipient shall have full responsibility, and the
Corporation shall have no responsibility (except as may be imposed by applicable law), for
satisfying any liability for any federal, state or local income or other taxes required by law to
be paid with respect to such Units, including upon the receipt or settlement of the Units. The
Recipient should seek his or her own tax counsel regarding the taxation of the Units.

          7. Limitation on Obligations. Except as provided in Section 5 above, the
Corporation’s obligation with respect to the Units is limited solely to the delivery to the
Recipient of shares of Common Stock upon settlement, and in no way shall the Corporation become
obligated to pay cash or other assets in respect of such obligation. In addition, the Corporation
shall not be liable to the Recipient for damages relating to any delay in issuing the shares or
share certificates or any loss of the certificates.

          8. Transfer of Units Award. Neither this Units Award nor Recipient’s rights under
such award are assignable or transferable except by will or the laws of descent and distribution,
or with the Committee’s consent in accordance with Section 10.3 of the Plan.

          9. Securities Laws. Upon the settlement of any Units, the Corporation may require the
Recipient to make or enter into such written representations, warranties and agreements as the
Committee may reasonably request in order to comply with applicable securities laws or with this
Agreement. The granting of the Units shall be subject to all applicable laws, rules and
regulations and to such approvals of any governmental agencies as may be required.

          10. Notices. Any notice or election to be given to the Corporation shall be addressed
to the Corporation in care of its Secretary, and any notice to the Recipient shall be addressed to
him or her at the address stated in the Corporation’s records.

          11. Governing Law. The laws of the State of Michigan shall govern the interpretation,
validity and performance of the terms of this Agreement regardless of the law that might be applied
under principles of conflicts of laws.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the Grant Date.

	 	 	 	 	 	 	 
	 	 	RECIPIENT	 	 
	 
	 	 	 	 	 	 
	 
	 	 	   	 	 
	 	 	«director»	 	 
	 
	 	 	 	 	 	 
	 	 	COMPUWARE CORPORATION	 	 
	 

	 	By: 
	/s/ Peter Karmanos, Jr.
 

Name: Peter Karmanos, Jr.
	 	 
	 

	 	 	Title: Chairman and Chief Executive OfficerEX-10.119

Exhibit 10.119

RESTRICTED STOCK UNIT AWARD AGREEMENT

TO: «director»

     THIS AGREEMENT (the “Agreement”) is made effective as of «date» (the “Grant Date”),
between Compuware Corporation, a Michigan corporation (the “Corporation”), and the individual whose
name is set forth above, who is a Director of the Corporation (the “Recipient”). Capitalized terms
not otherwise defined herein shall have the same meanings as in the 2007 Long Term Incentive Plan
(the “Plan”), and the terms of the Plan are hereby incorporated by reference and made a part of
this Agreement.

     In consideration of the mutual covenants set forth in this Agreement and other good and
valuable consideration, receipt of which is acknowledged, the parties agree as follows:

          1. Grant of the Restricted Stock Units. Subject to the terms and conditions of the
Plan and this Agreement, the Corporation grants to the Recipient «units» Restricted Stock
Units (hereinafter called the “Units”). In the event of any conflict between the Plan and this
Agreement, the terms of the Plan shall control. The grant of Units made under this Agreement is
referred to as the “Units Award”.

          2. Vesting. The Units shall vest and become nonforfeitable on the Grant Date.

          3. Settlement.

                    a) As soon as practicable, but no later than thirty (30) days,
after the earliest to occur of
(i) the date on which Recipient incurs a “separation from service” (as defined in Code Section 409A
and the regulations thereunder) for any reason, (ii) Recipient’s death, (iii) Recipient’s
Disability, and (iv) a Change in Control, the Corporation will issue to Recipient or Recipient’s
legal guardian or representative (if applicable) one share of Common Stock for each Unit. The
issuance of shares of Common Stock may be in certificated form or in book entry form, in the
Corporation’s sole discretion, in either case without restrictive legend or notation (except to the
extent necessary or appropriate under applicable securities laws). The Units shall not be settled
in cash.

                    b) Recipient may apply to the Committee for an earlier settlement of
some or all of the
Restricted Stock Units upon the occurrence of an Unforeseeable Emergency. Amounts distributed in
the case of an Unforeseeable Emergency shall not exceed the amount necessary to satisfy such
Unforeseeable Emergency plus amounts necessary to pay taxes reasonably anticipated as a result of
the distribution. In making the foregoing determination, the Committee shall consider the extent
to which the Recipient’s financial hardship resulting from the Unforeseeable Emergency is or may be
relieved through reimbursement or compensation by insurance or otherwise or by liquidation of his
or her assets (to the extent such liquidation would not itself cause severe financial hardship).
The foregoing determinations shall be made in accordance with any applicable Treasury Regulations
or other binding guidance issued by the Internal Revenue Service. “Unforeseeable Emergency” means
that the Recipient experiences a severe financial
hardship resulting from one of the following: (a) an illness or accident of the

 

 

Recipient,
his or her spouse or dependent (as defined in Code section 152(a)); (b) loss of the Recipient’s
property due to casualty; or (c) other similar extraordinary and unforeseeable circumstances
arising from events beyond the Recipient’s control. It is intended that an Unforeseeable Emergency
qualify as a permissible distribution event for purposes of Code Section 409A, and this Agreement
shall be interpreted to effectuate this intent.

          4. Dividend Equivalents; Rights as a Shareholder. Units awarded under this Agreement
shall not be entitled to Dividend Equivalents and the Recipient shall have no dividend, voting or
other rights as a shareholder of the Corporation until certificates are issued or a book entry
representing such shares has been made and such shares have been deposited with the appropriate
registered book entry custodian.

          5. Change in Capitalization. In the event of a dividend or distribution paid in
shares of Common Stock or any other adjustment made upon a change in the capital structure of the
Corporation as described in Article IX of the Plan that occurs prior to settlement, appropriate
adjustment shall be made to the Units so that they represent the right to receive upon settlement
any and all new, substituted or additional securities or other property (other than cash dividends)
to which the Recipient would be entitled if the Recipient had owned, at the time of such change in
capital structure, the shares of Common Stock issuable upon settlement of the Units.

          6. Payment of Taxes. The Recipient shall have full responsibility, and the
Corporation shall have no responsibility (except as may be imposed by applicable law), for
satisfying any liability for any federal, state or local income or other taxes required by law to
be paid with respect to such Units, including upon the receipt or settlement of the Units. The
Recipient should seek his or her own tax counsel regarding the taxation of the Units.

          7. Limitation on Obligations. Except as provided in Section 5 above, the
Corporation’s obligation with respect to the Units is limited solely to the delivery to the
Recipient of shares of Common Stock upon settlement, and in no way shall the Corporation become
obligated to pay cash or other assets in respect of such obligation. In addition, the Corporation
shall not be liable to the Recipient for damages relating to any delay in issuing the shares or
share certificates or any loss of the certificates.

          8. Transfer of Units Award. Neither this Units Award nor Recipient’s rights under
such award are assignable or transferable except by will or the laws of descent and distribution,
or with the Committee’s consent in accordance with Section 10.3 of the Plan.

          9. Securities Laws. Upon the settlement of any Units, the Corporation may require the
Recipient to make or enter into such written representations, warranties and agreements as the
Committee may reasonably request in order to comply with applicable securities laws or with this
Agreement. The granting of the Units shall be subject to all applicable laws, rules and
regulations and to such approvals of any governmental agencies as may be required.

          10. Notices. Any notice or election to be given to the Corporation shall be addressed
to the Corporation in care of its Secretary, and any notice to the Recipient shall be addressed to
him or her at the address stated in the Corporation’s records.

 

 

          11. Governing Law. The laws of the State of Michigan shall govern the interpretation,
validity and performance of the terms of this Agreement regardless of the law that might be applied
under principles of conflicts of laws.

               IN WITNESS WHEREOF, the parties have executed this Agreement as of the Grant Date.

	 	 	 	 	 	 	 
	 	 	RECIPIENT	 	 
	 
	 	 	 	 	 	 
	 
	 	 	   	 	 
	 	 	«director»	 	 
	 
	 	 	 	 	 	 
	 	 	COMPUWARE CORPORATION	 	 
	 
	 

	 	By:
	/s/ Peter Karmanos, Jr.
 

Name: Peter Karmanos, Jr.
	 	 
	 

	 	 	Title: Chairman and Chief Executive Officer

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