Document:

EX-10(F)

 Exhibit 10 (f) 

 

									
		 		 		 		 	

					
		 		 		 		 	 Ursula M. Burns

Chairman and Chief Executive Officer

					
	Personal and Confidential	 		 		 		 	
					
		 		 		 		 	 Xerox Corporation
 45 Glover
Avenue, 6th Floor

Norwalk, CT 06856-4505

 March 25, 2013 
 Ms. Kathryn Mikells 
 Dear Kathryn: 
 I am pleased to offer you the position of Executive Vice President and Chief Financial Officer of Xerox Corporation, reporting to me at our corporate headquarters in Norwalk, Connecticut. Your starting
base salary for this position will be paid monthly at the annualized rate of $700,000. 
 You will also be eligible to participate in our Annual
Performance Incentive Plan (APIP) at an annualized target level of 100% of salary with a payout range of 0 to 200% of target. This plan pays annually based on overall Xerox results (usually revenue, EPS and cash). 

You will participate in the annual Executive Long Term Incentive Program. Your annual award will be valued at $2,500,000 (delivered in Performance
Shares) and will vest three-years from date of grant. The date of grant will be the same date as for other executives and the actual number of shares will be determined based on the closing price of Xerox stock on that date. 

You will also receive a special one-time Restricted Stock Unit award with a value of $1,200,000 at the time of the initial grant. This award will be
effective on a date to be determined within 90 days following the first day of your employment. The number of shares at grant will be determined on the grant date based on the price of Xerox common stock on that date. These Restricted Stock Units
will vest three years from the date of grant, provided you remain actively employed with Xerox through the vesting date. A formal award package, including the terms of the Plan, will be communicated shortly after the grant date. 

In addition, you will receive a cash sign-on award of $1,200,000, payable in three installments as follows: $300,000 no later than 30 days after your
six-month anniversary with Xerox; $300,000 no later than 30 days after your one-year anniversary with Xerox; and $600,000 no later than 30 days after your two-year anniversary with Xerox. These payments are all contingent on your being employed by
Xerox on the payment date. The first installment is to be paid back to Xerox if you voluntarily leave the company prior to your one-year anniversary date. 
 You will also receive a cash payment of $230,000 in recognition of the portion of your annual bonus with your current employer that you will forfeit. In addition, you will receive a cash payment up to
$50,000 for repayment of relocation expenses to your current employer. These will be paid no later than 30 days after your six-month anniversary with Xerox. 

 

 
 Personal & Confidential 
 March 25, 2013 
  Page
 2
 of 3 
 Kathryn Mikells 

 

 You will be eligible for the benefits under the Xerox Domestic Relocation Policy, to include (as
applicable) a cost of move allowance and expenses relating to sale of your current residence, purchase of new residence, and movement of household effects. Questions regarding the relocation benefits can be directed to Amy Glynn, Manager, Global
Mobility. 
 Through September 2013, Xerox will cover reasonable and customary commuting expenses from your current residence to Norwalk,
Connecticut. 
 You are also eligible for a special severance arrangement if employment is terminated by Xerox for any reason (other than for
cause). Payment under this arrangement will be the equivalent to eighteen months of your annual base salary plus eighteen months of your APIP (based on your individual target of 100% of your base pay times the actual performance factor for the year
of separation). This arrangement will be in effect until your fourth anniversary date with Xerox, after which the standard Xerox severance policy in effect at the time separation applies. Xerox will also provide a severance agreement in its
customary form, to become operative if employment is terminated in connection with a Change in Control. The payment of any termination benefits will be contingent upon your signing both a release of claims and an agreement not to engage in
detrimental activity as determined by the Company upon your termination. 
 As a Corporate Officer of Xerox, you will also be eligible for the
following programs: 
  

	 	•	 	 Financial Planning assistance up to $10,000 every two years 

 

	 	•	 	 Immediate eligibility for vacation totaling four weeks per year 

 

	 	•	 	 Participation in the Xerox Universal Life Insurance Program (XUL) for executives that provides a benefit of three times your annual base salary.

 As a Corporate Officer (“executive officer”) as defined, you will be subject to Securities and Exchange
Commission (SEC) reporting requirements and to the SEC’s rules related to the valuation and disclosure of executive compensation perquisites. You will receive communications on these topics directly from the Secretary of the Company.

 The Xerox Total Pay philosophy recognizes pay is more than just your salary. On your start date, you will be eligible to participate in a
comprehensive benefits package that includes medical, dental, vision care, life and accident insurance. In addition, you will be able to purchase subsidized disability income protection prior to meeting the eligibility criteria for regular coverage
(12 months of active service). Xerox also offers a 401(k) savings plan which currently includes a dollar-for-dollar company match of 3%. 

Xerox respects, and expects you to honor, all of your obligations to your current and former employers. Should you accept this offer, Xerox directs you
not to use or disclose any confidential or proprietary information of any former employer in the course of your duties to Xerox. If you accept the offer and begin work at Xerox, and at any time you feel you would need to use confidential information
of a prior employer to perform your Xerox job duties, so notify your manager. Your Xerox job duties will be revised appropriately. 

 

 
 Personal & Confidential 
 March 25, 2013 
  Page
 3
 of 3 
 Kathryn Mikells 

 

 This offer will remain in effect through March 29, 2013, and is contingent upon your election as a
Corporate Officer by the Xerox Board of Directors and approval of all of the foregoing compensation arrangements by the Compensation Committee. This offer is also contingent upon your signing of a release for pre-employment background checks
(criminal, credit etc.), your signing of a Proprietary Information and Conflict of Interest Agreement, a Non-Compete Agreement, your successfully passing a pre-employment drug-screening test and the effective completion of appropriate reference
checks. Please note the drug screening test requirement must be completed within three business days of your receipt of this offer letter. Failure to meet this requirement may result in your offer of employment being rescinded. 

Please notify me of your acceptance and ensure that all requirements in the Addendum are met before we agree on a mutually acceptable start date. All
originals, including those noted on the Addendum, should be returned to Tom Maddison. If you have any questions, please feel free to contact Tom at              or me at
            . 
 I look forward to your formal acceptance of the offer. I know you
will make significant contributions to Xerox Corporation and will be a great addition to my senior team. 
 Sincerely, 

Ursula M. Burns 
 UMB/eb 

Enclosures 
 Copy: 

P. Dowd 
 T. Maddison 

I   ̈  Accept    
 ̈  Decline this offer: 
  

					
	  
	 		 	  

	Signature	 		 	DateEX-4.9

 Exhibit 4.9 

 
 

 
 ZQ|CERT#|COY|CLS|RGSTRY|ACCT#|TRANSTYPE|RUN#|TRANS# 

COMMON STOCK 
 PAR VALUE $.0 
 1COMMON STOCK 

THIS CERTIFICATE IS TRANSFERABLE IN CANTON, MA AND NEW YORK, NY 

Certificate Number 
 ZQ00000000 
 EVERTEC INC. 

EVERTEC INC. 
 INCORPORATED UNDER THE LAWS OF PUERTO RICO 
 Shares

 000000 
 000000 
 000000 

000000 
 000000 
 THIS CERTIFIES THAT 

CUSIP 30040P 10 3 
 SEE REVERSE FOR CERTAIN DEFINITIONS 
 is the owner
of 
 ***ZERO HUNDRED THOUSAND 
 ZERO HUNDRED ZERO*** 
 FULLY-PAID AND
NON-ASSESSABLE SHARES OF COMMON STOCK OF 
 EVERTEC Inc. (hereinafter called the “Company”),
transferable on the books of the Company in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held subject to all of the
provisions of the Articles of Incorporation, as amended, and the By-Laws, as amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance hereof, assents. This
Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. 
 Witness the
facsimile seal of the Company and the facsimile signatures of its duly authorized officers. 
 DATED DD-MMM-YYYY

 COUNTERSIGNED AND REGISTERED: 
 COMPUTERSHARE TRUST COMPANY, N.A. 
 TRANSFER AGENT
AND REGISTRAR, 
 President and Chief Executive Officer 

Senior Vice President and Secretary 
 By 
 AUTHORIZED SIGNATURE 

1234567 
 Evertec 
 PO BOX 43004, Providence, RI 02940-3004

 MR A SAMPLE 
 DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 

CUSIP XXXXXX XX X Holder ID XXXXXXXXXX 
 Insurance Value 00.1,000,000 Number of Shares 123456 
 DTC 12345678901234512345678 
 Certificate Numbers
Num/No Denom. . Total 
 1234567890/1234567890 1 1 1 1234567890/1234567890 2 2 2 1234567890/1234567890 3 3 3
1234567890/1234567890 4 4 4 1234567890/1234567890 5 5 5 1234567890/1234567890 66 6 
 Total Transaction 7

 

 
 The IRS requires that we report the cost basis of certain shares acquired after January
1, 2011. If your shares were covered by the legislation and you have sold or transferred the shares and requested a specific cost basis calculation method, we have processed as requested. If you did not specify a cost basis calculation method, we
have defaulted to the first in, first out (FIFO) method. Please visit our website or consult your tax advisor if you need additional information about cost basis. If you do not keep in contact with us or do not have any activity in your account for
the time periods specified by state law, your property could become subject to state unclaimed property laws and transferred to the appropriate state. EVERTEC, INC. THE COMPANY WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS, A
SUMMARY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE
VARIATIONS IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE ARTICLES OF INCORPORATION OF THE COMPANY, AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE COMPANY, AND THE AUTHORITY OF THE BOARD
OF DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES AND A COPY OF THE STOCKHOLDER AGREEMENT, DATED APRIL 7, 2012, AS AMENDED TO DATE, TO WHICH THE COMPANY IS A PARTY. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE COMPANY OR TO
THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE OWNER OF A LOST OR DESTROYED STOCK CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE
MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE. For value received, ____________________________hereby sell, assign and transfer unto Share Attorney Dated:
__________________________________________20__________________ Signature: ____________________________________________________________ Signature: ____________________________________________________________ Notice: The signature to this assignment
must correspond with the name as written upon the face of the certificate, in every particular, without alteration or enlargement, or any change whatever. PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE) of the common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint to transfer the said stock on the books of the within-named Company with
full power of substitution in the premises. . Signature(s) Guaranteed: Medallion Guarantee Stamp THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions) WITH
MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15. The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - ............................................Custodian ................................................ (Cust) (Minor) TEN ENT - as tenants by the
entireties under Uniform Gifts to Minors Act......................................................... (State) JT TEN - as joint tenants with right of survivorship UNIF TRF MIN ACT - ............................................Custodian (until age
.................................) and not as tenants in common (Cust) .............................under Uniform Transfers to Minors Act ................... (Minor) (State) Additional abbreviations may also be used though not in the above list.
Security INSTRUCTIONS THIS IS WATERMARKED PAPER DO NOT ACCEPT WITHOUT NOTHING WATERMARK HOLD TO LIGHT TO VERIFY WATERMARK 1234567

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