Document:

exv10w5

Exhibit 10.5

April 24, 2008

PRIVATE & CONFIDENTIAL

Eileen Kamerick

[address]

Employment Letter and Terms and Conditions of Employment Full-Time, Salaried
Executive Vice President — Corporate Development and Managing Director

Dear Eileen:

On behalf of BearingPoint, Inc. (the “Company”), I am pleased to offer you the position of
Executive Vice President — Corporate Development and Managing Director, based out of the Company’s
Chicago, Illinois office. Your start date (the “Effective Date”) shall be May 12, 2008.

This Employment Letter sets forth certain terms and conditions of your employment. While the
Company does not presently anticipate any required changes as to your primary work location or
reporting structure, these conditions may be modified at the Company’s discretion.

Compensation. Commencing on the Effective Date, your annual base salary will be $600,000.00,
subject to standard withholdings and deductions.

Duties; Reporting; Termination. You will have such duties and responsibilities as are commensurate
with your position as Executive Vice President — Corporate Development. You will report directly
to the Chief Executive Officer (the “CEO”) and, at least annually, your performance will be
reviewed by the CEO. Your employment shall be “at-will.” Your employment may be terminated by the
Company at any time and for any or no reason. Your employment may be terminated by you with three
(3) months’ prior notice, as provided in your Managing Director Agreement.

Annual Performance Bonus. The target amount for your annual performance bonus shall be an amount
equal to 100% of your annual base salary for the year for which the performance bonus is being
awarded (“Annual Performance Bonus”). For Fiscal Year 2008, your Annual Performance Bonus, if any,
will be pro-rated based upon the Effective Date. Subject to the “Payments Upon Termination” and
“Termination by the Company without Cause” sections below, your Annual Performance Bonus, if any,
may be paid in cash or any other form in which (and at such time as) annual performance bonuses are
paid to the Company’s other executives, which shall be no later than the end of the calendar year
following the year in respect of which such bonus is payable. The Compensation Committee shall
retain sole discretion as to the target amount of any Annual Performance Bonus,

 

 

Eileen Kamerick

April 24, 2008

Page 2

whether or not an Annual Performance Bonus has been earned and the form of any Annual
Performance Bonus payment. Any Annual Performance Bonus payment shall be subject to standard
withholdings and deductions.

Equity. Effective on the Effective Date (the “Grant Date”) you will be provided a
Restricted Stock Unit (“RSU”) Award valued at $750,000.00. This Award shall be issued pursuant to
the BearingPoint, Inc. 2000 Long-Term Incentive Plan and shall be subject to the terms and
conditions set forth in the RSU Award Notice and Agreement. The value of the Award will be
converted to a number of RSUs using the Fair Market Value (“FMV”) as of the Grant Date. The FMV
shall be the closing price of a share of BearingPoint, Inc. Common Stock as reported on the New
York Stock Exchange on the Grant Date. If no public trading occurred on such date, the FMV shall
be determined as of the first preceding date on which trading of the Common Stock occurred.

The Restricted Stock Units will vest ratably (in 25% installments) beginning on the first
anniversary of the RSU Grant Date and each one-year anniversary thereafter, so that 100% of the
Restricted Stock Units shall have vested as of the fourth anniversary of the RSU Grant Date,
provided that your employment has not terminated prior to such date.

The attached Restricted Stock Unit Agreement, together with the related Award Notice of Restricted
Stock Unit Grant, detail the various terms of the grant of the Restricted Stock Units, including
terms and conditions related to the settlement of the Restricted Stock Units.

Benefits/Long- Term Incentives. You will be entitled to participate in all employee benefit
(including long-term incentives), fringe and perquisite plans, practices, programs policies and
arrangements generally provided to executives of the Company at a level commensurate with your
position.

Personal Days/Holidays. You will be entitled to 25 annual personal days, accrued monthly, to use
for vacation, illness or other personal absences. These personal days are in addition to eight
Company-designated holidays. As a full-time employee, you will also be eligible to participate in
our Personal Benefits Program, as amended from time to time.

Business Expenses. The Company will reimburse you for the travel, entertainment and other business
expenses incurred by you in the performance of your duties in accordance with the Company’s
policies applicable to senior executives as in effect from time to time.

Payments Upon Termination. Upon termination of your employment, the Company will pay you: (i) any
earned but unpaid annual base salary through the date of termination, (ii) any earned but unpaid
Annual Performance Bonus for any preceding year, provided that your employment terminates after the
date your Annual Performance Bonus has been determined by the Compensation Committee (except in the
event of your death or Disability, in which case the Annual Performance Bonus will be your actual
Annual Performance Bonus for the prior year prorated for the period worked), (iii) any unpaid,
accrued personal days and unreimbursed business expenses, (iv) in the circumstances specified in
the “Termination by the Company without Cause” or the “Special Termination Agreement” sections
below, the payments specified in the applicable section, and (v) any other amounts due under any of
the Company’s benefit plans. Payment of the amounts specified in the “Termination by the Company
without Cause” section below shall be

 

 

Eileen Kamerick

April 24, 2008

Page 3

conditioned upon your execution of a full and binding unilateral release of all claims arising from
or associated with your employment with the Company, which shall be prepared by, and in form and
substance reasonably satisfactory to, the Company (the “Release Agreement”). Any payments shall be
subject to standard withholdings and deductions.

Termination by the Company without Cause. Upon your termination of employment by the Company
without Cause and in lieu of any obligation to pay any amounts in such event pursuant to your
Managing Director Agreement, the Company will pay you a lump sum cash amount equal to one (1) times
the sum of: (i) your then current annual base salary, and (ii) your then current target Annual
Performance Bonus. The lump sum cash payment shall be made within 30 days of the date of receipt
by the Company of your fully executed Release Agreement as specified in the “Payments Upon
Termination” section above assuming that you have not revoked the Release Agreement. Unless your
employment is terminated with Cause, the Company will also pay your premiums under the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended, on your behalf until the earlier of (i) the
18-month anniversary of the date of termination of your employment, or (ii) the date you become
covered under a medical plan of another employer.

Special Termination Agreement. You shall be entitled to receive the payments and other benefits
specified in your Special Termination Agreement, a copy of which is attached. During any period
that you are eligible to receive payments and other benefits under the Special Termination
Agreement, you shall not be eligible to receive any payment or other benefits under: (1) clause
(iv) of the “Payments Upon Termination” section above, or (2) the “Termination by the Company
without Cause” section above.

Indemnification and Employee Representations. The Company will indemnify you to the fullest extent
permitted by law and the Company’s Certificate of Incorporation as in effect as of the Effective
Date (regardless of any subsequent changes to such Certificate) with respect to your activities on
behalf of the Company.

It is the policy and practice of the Company to reasonably ensure that the Company and all new
employees honor the terms of any reasonable post-employment restrictions contained in agreements
with prior employers of such new employees. Furthermore, you will never be asked to share, utilize
or disclose in any way the proprietary or confidential information of a prior employer as part of
your duties on behalf of the Company. You agree to promptly notify the Company’s Chief Legal
Officer if you find yourself in a position of possibly violating your contractual agreement(s) with
prior employers.

You will be covered under the Company’s D&O liability insurance on the same basis as other senior
level executives of the Company.

The Company’s obligation to indemnify you under this heading “Indemnification and Employee
Representations” shall survive any termination of this Employment Letter.

Definitions. For purposes of this Employment Letter, the following terms have the meanings
ascribed below:

     (a) “Cause” shall have the meaning specified in the Managing Director Agreement.

 

 

Eileen Kamerick

April 24, 2008

Page 4

     (b) “Disability” shall have the meaning specified in the Restricted Stock Unit Agreement.

     (c) “Restricted Stock Unit Agreement” shall mean, the Restricted Stock Unit Agreement, dated
as of the Effective Date, between the Company and you, a form of which is attached hereto.

Miscellaneous Matters.

	1.	 	This Employment Letter can be amended only in writing signed by both you and the Company. To
the extent this Employment Letter makes reference to or modifies the terms of any other
agreements, the choice of law provision set forth in each of such other agreements shall
continue to govern the terms and conditions of such agreements as well as the interpretation
and construction thereof and any references thereto that are set forth herein. All other
terms and conditions of this Employment Letter shall be governed by and construed in
accordance with the internal, domestic laws of the Commonwealth of Virginia.
	 
	2.	 	In the event of any conflict between the provisions of this Employment Letter and the
provisions of any of the Managing Director Agreement, the Restricted Stock Unit Agreement, or
the Special Termination Agreement, the terms and provisions in this Employment Letter shall
control.
	 
	3.	 	This Letter Agreement is assignable by the Company only to a successor (whether by merger,
consolidation, purchase or otherwise) to all or substantially all of the stock, assets or
business of the Company, and the Company will require any such successor, by written agreement
in form and substance reasonably satisfactory to you, to expressly assume and agree to perform
this Employment Letter in the same manner and to the same extent that the Company would be
required to perform it if no such assumption had taken place; provided, however, that no such
written agreement shall be required if the transaction results in the successor becoming
legally required to fulfill the obligations of the Company under this Employment Letter,
whether by operation of law or otherwise. Except as expressly provided herein, you may not
sell, transfer, assign, or pledge any of your rights or interests under this Employment
Letter, provided that any amounts due hereunder shall, upon your death, be paid to your estate
unless you have designated a beneficiary therefore in accordance with any applicable plan.
	 
	4.	 	For the purpose of this Employment Letter, notices and all other communications provided for
in this Employment Letter shall be in writing and shall be deemed to have been duly given when
delivered personally or by overnight service or delivered or mailed by United States certified
or registered mail, return receipt requested, postage prepaid, addressed to the Company at its
executive office or to you at the address on the records of the Company (provided that all
notices to the Company shall be directed to the attention of the Chief Executive Officer and
President) or to such other address as either party may have furnished to the other in writing
in accordance herewith, except that notice of change of address shall be effective only upon
receipt.

 

 

Eileen Kamerick

April 24, 2008

Page 5

	5.	 	If any provision of this Employment Letter or any portion thereof is declared invalid,
illegal, or incapable of being enforced by any court of competent jurisdiction, the remainder
of such provisions and all of the remaining provisions of this Employment Letter shall
continue in full force and effect. Failure to insist upon strict compliance with any of the
terms, covenants, or conditions of this Employment Letter shall not be deemed a waiver of such
term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist
upon strict compliance with, any right or power hereunder at any one or more times be deemed a
waiver or relinquishment of such right or power at any other time or times. This Employment
Letter may be executed in several counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same instrument.
	 
	6.	 	It is intended that this Employment Letter will comply with Section 409A and this Employment
Letter shall be interpreted in a manner consistent with such intent. If any provision of this
Employment Letter (or of any award of compensation, including deferred compensation or
benefits) would cause you to incur any additional tax or interest under Section 409A or any
regulations or Treasury guidance promulgated thereunder, the Company shall reform such
provision; provided that the Company agrees to maintain, to the maximum extent practicable and
without additional cost to the Company, the original intent and economic benefit you of the
applicable provision without violating the provisions of Section 409A; provided, further, in
no event shall you be required to defer the date on which you are entitled to receive any
payment or benefit hereunder for a period in excess of six months.
	 
	7.	 	In compliance with the Immigration Reform and Control Act, federal law requires employers to
verify work authorization upon hire through employee completion of an I-9 form. Your
employment or continued employment with BearingPoint is contingent upon your accurate
completion of this form during your first three days of employment. Shortly before your
Effective Date you will receive information that describes these requirements and the
documents you need to bring and present on your first day.
	 
	8.	 	In compliance with the Fair Credit Reporting Act, employment with BearingPoint is contingent
upon satisfactory completion of the company’s employment screening process. This may include a
public source background inquiry and receipt of satisfactory information regarding your
employment history. You will be provided with, and be required to execute, a Disclosure and
Authorization for Release of Information Form authorizing BearingPoint to compile a background
report. If BearingPoint finds that you have made any misrepresentation or is dissatisfied
with the results of any review of your background, BearingPoint may withdraw any offer of
employment or terminate your employment without any further obligation on the part of
BearingPoint.

The items in this Employment Letter, the Managing Director Agreement, the Restricted Stock Unit
Agreement, and the Special Termination Agreement (together with any exhibits or award notices
applicable thereto) and the other items referred to above represent the Company’s and your entire
agreement with respect to the terms and conditions of your employment following the Effective Date.
Any contrary representations that may have been made to you at any time are superseded by this
Employment Letter. By signing below, you

 

 

Eileen Kamerick

April 24, 2008

Page 6

agree to the terms and conditions of employment specified in this Employment Letter and the
accompanying documents.

Please carefully read this Employment Letter and the accompanying Managing Director Agreement,
Restricted Stock Unit Agreement and the Special Termination Agreement (together with any exhibits
or award notices applicable thereto). Signing these documents is a condition of employment. By
signing below, you agree to the terms and conditions of employment specified in this Employment
Letter and the accompanying documents.

If you agree that the foregoing terms and conditions accurately evidence our agreement concerning
your continued employment after the Effective Date, please sign and return this Employment Letter,
the Managing Director Agreement, the Restricted Stock Unit Award Notice, and the Special
Termination Agreement.

*********

[Remainder of Page Intentionally Left Blank; Signature Page Follows]

 

 

Eileen Kamerick

April 24, 2008

Page 7

Should you have any questions, please contact Laurent Lutz, our Chief Legal Officer, at [telephone
number].

	 	 	 	 	 
	Very truly yours,	 
	 
	/s/ F. Edwin Harbach
 	 
	F. Edwin Harbach  	 
	Chief Executive Officer and President
BearingPoint, Inc. 	 
	 

	 	 	 	 	 
	 	ACCEPTED:

 	 
	 	/s/ Eileen A. Kamerick
 	 
	 	Eileen Kamerick 	 
	 	 	 
	 

Exhibits:

Managing Director Agreement

Restricted Stock Unit Award Notice

Restricted Stock Unit Agreement

Special Termination Agreementexv10w6

Exhibit 10.6

May 12, 2008

PRIVATE & CONFIDENTIAL

Ms. Eileen Kamerick

[address]

Appointment as Chief Financial Officer

Dear Eileen:

On behalf of BearingPoint, Inc. (the “Company”), I am pleased to notify you that the Company’s
Board of Directors has appointed you to the position of Executive
Vice President and Chief Financial Officer effective as of May
13, 2008.

The terms of your Employment Documents (as defined below) shall remain in full force and effect;
provided, however, that (i) each reference to “Executive Vice President — Corporate Development”
shall hereafter be deemed to read “Executive
Vice President and Chief Financial Officer” and (ii) the effective date of each
Employment Document shall be deemed to be May 13, 2008.

If you agree that the foregoing terms and conditions accurately evidence our agreement concerning
your employment commencing on May 13, 2008, please sign and return this letter.

	 	 	 	 	 
	Very truly yours,	 	 
	 	 	 
	/s/ F. Edwin Harbach
 	 	 
	F. Edwin Harbach

Chief Executive Officer and President

BearingPoint, Inc. 	 	 
	 

	 	 	 	 	 
	 	ACCEPTED:

 	 
	 	/s/ Eileen A. Kamerick
 	 
	 	Eileen Kamerick 	 
	 	 	 

As used herein, the term “Employment Documents” shall mean:

	1.	 	Employment Letter dated April 24, 2008
	 
	2.	 	Managing Director Agreement dated May 12, 2008
	 
	3.	 	Special Termination Agreement dated May 12, 2008
	 
	4.	 	Award Notice of Restricted Stock Unit Grant dated April 24, 2008 and associated Restricted
Stock Unit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]