Document:

EX-10.13

Exhibit 10.13

TECHTEAM GLOBAL, INC.

2006 INCENTIVE STOCK AND AWARDS PLAN

     1. PURPOSE AND EFFECTIVE DATE.

     (a) Purpose. The TechTeam Global, Inc. 2006 Incentive Stock and Awards Plan, as the same may
be amended from time to time (the “Plan”), is intended to (i) attract and retain outstanding
individuals to serve as officers, employees, non-employee members of the Company’s Board,
consultants and advisors; and (ii) to increase shareholder value. The Plan will provide
participants’ incentives to increase shareholder value by offering the opportunity to acquire
shares of the Company’s common stock or receive other incentive compensation, on the potentially
favorable terms that this Plan provides.

     (b) Effective Date. The Plan is effective as of June 23, 2006 (the “Effective Date”),
contingent on shareholder approval of the Plan. Upon shareholder approval of the Plan, the
Company’s 2004 Incentive Stock and Awards Plan (the “Prior Plan”) shall terminate as of the
Effective Date. Any awards granted between the Effective Date and the date the Company’s
shareholders approve this Plan shall be considered granted under this Plan; provided that if
Company’s shareholders do not approve this Plan, such awards shall be considered granted under the
Prior Plan.

     2. DEFINITIONS.

          Capitalized terms used in this Plan have the following meanings:

     (a) “Administrator” means the Board with respect to Eligible Directors and the Committee with
respect to all other eligible individuals.

     (b) “Affiliate” means any corporation, partnership, joint venture, or other entity during any
period in which the Company owns, directly or indirectly, at least twenty percent (20%) of the
equity, voting or profits interest, and any other business venture that the Committee designates in
which the Company has a significant interest, as the Committee determines in its discretion.

     (c) “Award” means grants of Options, Performance Shares or Restricted Stock under this Plan.

     (d) “Board” means the Board of Directors of the Company.

     (e) “Change of Control” means the occurrence of any one of the following events:

     (i) The sale of all then outstanding shares of common stock of the Company or fifty-one
percent (51%) of the then outstanding voting securities of the Company entitled to vote
generally in the election of the directors to any person (as defined in Section 3(a)(9) of
the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof) other than (A)
the Company or its subsidiaries, (B) a trustee or other fiduciary holding securities under
any employee benefit plan of the Company or its subsidiaries, or(C) an underwriter
temporarily holding securities pursuant to an offering of such securities; or

     (ii) The consummation of the sale or other disposition of all or substantially all of
the assets or operations of the Company.

Notwithstanding the foregoing, no “Change of Control” shall be deemed to have occurred if there is
consummated any transaction or series of integrated transactions immediately following which the
record holders of the common stock of the Company immediately prior to such transaction or series
of transactions continue to have substantially the same proportionate ownership in an entity which
owns all or substantially all of the assets of the Company immediately following such transaction
or series of transactions.

 

If an Award is considered deferred compensation subject to the provisions of Code Section 409A, and
if a payment under such Award is triggered upon a “Change of Control,” then the foregoing
definition shall be deemed amended to the extent necessary to comply with Code Section 409A, and
the Administrator may include such amended definition in the Award agreement issued with respect to
such Award.

     (f) “Change of Control Price” means the highest of the following: (i) the Fair Market Value of
a Share, as determined on the date of the Change of Control; (ii) the highest price per Share paid
in the Change of Control transaction; or (iii) the Fair Market Value of a Share, calculated on the
date of surrender of the relevant Award in accordance with Section 14(c), but this clause (iii)
shall not apply if in the Change of Control transaction, or pursuant to an agreement to which the
Company is a party governing the Change of Control transaction, all of the Shares are purchased for
and/or converted into the right to receive a current payment of cash and no other securities or
other property.

     (g) “Code” means the Internal Revenue Code of 1986, as amended. Any reference to a specific
provision of the Code includes any successor provision and the regulations promulgated under such
provision.

     (h) “Committee” means the Compensation Committee of the Board (or such successor committee
with the same or similar authority).

     (i) “Common Stock” means the common stock of the Company.

     (j) “Company” means TechTeam Global, Inc., a Delaware corporation, or any successor thereto.

     (k) “Date of Grant” means, with respect to an Option, the date on which the Administrator
takes action to approve such Option, or any future date specified by the Administrator.

     (l) “Director Options” means the Options granted to Eligible Directors under Section 8 during
the Company’s 2006 fiscal year.

     (m) “Directors Stock” means the Company’s Common Stock issued to Eligible Directors under
Section 9.

     (n) “Eligible Director” means a non-employee director elected or appointed to the Board.

     (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended. Any reference to a
specific provision of the Exchange Act includes any successor provision and the regulations and
rules promulgated under such provision.

     (p) “Exercise Price” means, with respect to an Option, the price per share at which a
Participant may exercise his Option to acquire all or a portion of the shares of Common Stock that
are the subject of such Option. Notwithstanding the foregoing, in no event shall the Exercise
Price of any Common Stock subject to an Option granted under the Plan be less than the Fair Market
Value of the Company’s Common Stock, determined as of the Date of Grant.

     (q) “Fair Market Value” means, per Share on a particular date, the last sales price on such
date on the national securities exchange on which the Common Stock is then traded, as reported in
The Wall Street Journal, or if no sales of Common Stock occur on the date in question, on the last
preceding date on which there was a sale on such exchange. If the Shares are not listed on a
national securities exchange, but are traded in an over-the-counter market, the last sales price
(or, if there is no last sales price reported, the average of the closing bid and asked prices) for
the Shares on the particular date, or on the last preceding date on which there was a sale of
Shares on that market, will be used. If the Shares are neither listed on a national securities
exchange nor

2

 

traded in an over-the-counter market, the price determined by the Administrator, in its
discretion, will be used.

     (r) “Option” means the right to purchase Shares at a stated price. “Options” may either be
“incentive stock options” which meet the requirements of Code Section 422, or “nonqualified stock
options” which do not meet the requirements of Code Section 422.

     (s) “Participant” means an officer or other employee of the Company or its Affiliates, or an
individual that the Company or an Affiliate has engaged to become an officer or employee, an
Eligible Director of the Company, or a consultant or advisor who provides services to the Company
or its Affiliates, who the Administrator designates to receive an Award under this Plan; provided
that Eligible Directors shall automatically be considered Participants for purposes of Sections 8
and 9.

     (t) “Performance Goals” means any goals the Administrator establishes that relate to one or
more of the following with respect to the Company or any one or more Subsidiaries, Affiliates or
other business units: revenue; cash flow; net cash provided by operating activities; net cash
provided by operating activities less net cash used in investing activities; cost of goods sold;
ratio of debt to debt plus equity; profit before tax; gross profit; net profit; net sales; earnings
before interest and taxes; earnings before interest, taxes, depreciation and amortization; Fair
Market Value of Shares; basic earnings per share; diluted earnings per share; return on shareholder
equity; average accounts receivable (calculated by taking the average of accounts receivable at the
end of each month); return on average total capital employed; return on net assets employed before
interest and taxes; economic value added; return on year-end equity; and/or in the case of Awards
that the Administrator determines will not be considered “performance based compensation” under
Code Section 162(m) or for purposes of exercising negative discretion in connection with an Award
that is considered “performance based compensation” under Code Section 162(m), such other goals as
the Administrator may establish in its discretion including subjective, individual criteria.

     (u) “Performance Shares” means the right to receive Shares to the extent one or more
Performance Goals are achieved during the period of time specified by the Administrator consisting
of one or more full fiscal years of the Company, a Subsidiary or Affiliate.

     (v) “Plan” means this TechTeam Global, Inc. 2006 Incentive Stock and Awards Plan, as amended
from time to time.

     (w) “Restricted Stock” means Shares that are subject to a risk of forfeiture and/or
restrictions on transfer, which may lapse upon the achievement or partial achievement of
Performance Goals during the period specified by the Administrator and/or upon the completion of a
period of service, as determined by the Administrator.

     (x) “Section 16 Participants” means officers or consultants of the Company who are subject to
the provisions of Section 16 of the Exchange Act.

     (y) “Share” means a share of Common Stock.

     (z) “Subsidiary” means any company in an unbroken chain of companies beginning with the
Company if each of the companies (other than the last company in the chain) owns stock possessing
more than fifty percent (50%) of the total combined voting power of all classes of stock in one of
the other companies in the chain.

     3. ADMINISTRATION.

     (a) Administrator Administration. The Administrator has full authority to administer this
Plan, including the authority to (i) interpret the provisions of this Plan, (ii) prescribe, amend
and rescind rules and regulations relating to this Plan, (iii) correct any defect, supply any
omission, or reconcile any inconsistency in any Award or agreement covering an Award in the manner
and to the extent it deems desirable to carry this Plan into effect, and (iv) make all other
determinations

3

 

necessary or advisable for the administration of this Plan. A majority of the members of the
Committee will constitute a quorum, and a majority of the Committee’s members must make all
determinations of the Committee. The Committee may make any determination under this Plan without
notice or meeting of the Committee by a writing that a majority of the Committee members have
signed. All Administrator determinations are final and binding.

     (b) Delegation to Other Committees or Officers. To the extent applicable law permits, the
Board may delegate to another committee of the Board or to one or more officers of the Company, or
the Committee may delegate to a sub-committee, any or all of the authority and responsibility of
their respective authority hereunder. However, no such delegation is permitted with respect to
Awards made to or an Award held by individuals who are Section 16 Participants at the time any such
delegated authority or responsibility is exercised, unless the delegation is to a committee or
sub-committee consisting entirely of non-employee directors who qualify as such under Rule 16b-3(b)
of the Exchange Act. If the Board or Committee has made such a delegation, then all references to
the Administrator in this Plan include such other committee, sub-committee or one or more officers
to the extent of such delegation.

     (c) No Liability. No member of the Board or the Committee, and no officer, to whom a
delegation under subsection (b) has been made, will be liable for any act done, or determination
made, by the individual in good faith with respect to the Plan or any Award. The Company will
indemnify and hold harmless such individuals to the maximum extent that the law and the Company’s
bylaws permit.

     4. ELIGIBILITY. The Administrator may designate from time to time the Participants to receive
Awards under this Plan. The Administrator’s designation of a Participant in any year will not
require the Administrator to designate such person to receive an Award in any other year.
Notwithstanding the foregoing, Eligible Directors shall automatically be Participants with respect
to grants of Director Options as provided in Section 8.

     5. DISCRETIONARY GRANTS OF AWARDS. 

          Except with respect to grants of Director Options for the Company’s 2006 fiscal year, and
subject to the terms of this Plan, the Administrator has full power and authority to: (a) determine
the type or types of Awards to be granted to each Participant; (b) determine the number of Shares
with respect to which an Award is made; and (c) determine any terms and conditions of any Award
granted to a Participant. Awards under this Plan may be granted either alone or in addition to, in
tandem with, or in substitution for any other Award (or any other award granted under another plan
of the Company or any Affiliate).

     6. SHARES RESERVED UNDER THIS PLAN. 

     (a) Plan Reserve. An aggregate of 2,300,000 Shares are reserved for issuance under this Plan.
Not more than 1,000,000 of the reserved Shares may be issued pursuant to incentive stock options
and not more than 800,000 of the reserved Shares may be issued pursuant to Restricted Stock and
Performance Shares. The number of Shares reserved for issuance under this Plan shall be reduced
only by the number of Shares delivered in payment or settlement of Awards. The limitations of this
subsection are subject to adjustments as provided in Section 14.

     (b) Replenishment of Shares Under this Plan. If an Award lapses, expires, terminates or is
cancelled without the issuance of Shares or payment of cash under the Award, then the Shares
subject to or reserved for in respect of such Award, or the Shares to which such Award relates, may
again be used for new Awards under this Plan as determined under subsection (a), including issuance
as Restricted Stock or pursuant to incentive stock options. If Shares are issued under any Award
and the Company subsequently reacquires them pursuant to rights reserved upon the issuance of the
Shares, then such Shares may be used for new Awards under this Plan as determined under subsection (a), including issuance as Restricted Stock, but such shares may
not be issued pursuant to incentive stock options.

4

 

     (c) Participant Limitations. Subject to adjustment as provided in Section 14, no Participant
may be granted Awards under this Plan that could result in such Participant: (i) receiving in any
single fiscal year of the Company Options for more than 150,000 Shares, (ii) receiving Awards of
Restricted Stock in any single fiscal year of the Company for more than 25,000 Shares, and (iii)
receiving Awards with respect to Performance Shares in any single fiscal year of the Company
relating to more than 25,000 Shares. In all cases, determinations under this Section 6 should be
made in a manner that is consistent with the exemption for performance based compensation that Code
Section 162(m) provides. For the 2006 fiscal year, awards granted under the Prior Plan shall
count against the limits described in this subsection (c).

     7. OPTIONS. 

     (a) Eligibility. The Administrator may grant Options to any Participant it selects. The
Administrator must specify whether the Option is an incentive stock option or a nonqualified stock
option, but only employees of the Company or a corporate Subsidiary may receive grants of incentive
stock options.

     (b) Terms and Conditions of Options. The Administrator will establish the Exercise Price for
an Option. An Option will be exercisable at such times and subject to such conditions as the
Administrator specifies, except that the Option must terminate no later than 10 years after the
Date of Grant. In all other respects, the terms of any incentive stock option should comply with
the provisions of Code section 422 except to the extent the Committee determines otherwise.

     8. DIRECTOR OPTIONS

     (a) Option Grants. All Eligible Directors shall be eligible to receive grants of Director
Options under the Plan for the Company’s 2006 fiscal year. On June 23, 2006, the Company shall
grant Director Options entitling the Eligible Directors to purchase shares of Common Stock from the
Company in quantities determined based upon the table below and the Eligible Director’s
responsibilities on that date, at an Exercise Price equal to the Fair Market Value of the Common
Stock determined as of the Date of Grant, and on such terms and conditions (not inconsistent with
the terms of the Plan) as the Committee may establish:

	 	 	 	 	 
	Board of Directors	 	Options
	All Board Members
	 	10,000	 per year
	Board Chairman
	 	8,000	 per year
	Committee Chairman
	 	4,000	 per year
	Committee Members
	 	2,000	 per year

If an Eligible Director is first appointed or elected to the Board, or is appointed as Board
Chairman, after June 23, 2006 and prior to January 1, 2007, such Eligible Director shall receive a
grant of a Director Option, effective on the date of such appointment or election, for a number of
shares of Common Stock equal to the number specified above prorated to reflect the number of months
between the date of such initial appointment or election to the following May 31.

All Director Options granted under the Plan shall vest and become exercisable on the 6-month
anniversary of the Date of Grant.

     (b) Expiration Date. Notwithstanding any other provision of the Plan, no Director Option
shall be exercisable after the tenth (10th) anniversary of the Date of Grant of such Director
Option.

     (c) Exercise Procedures and Termination of Service. Each Director Option granted under the
Plan shall be exercised by providing written notice to the Company, together with payment of the
Exercise Price and any applicable taxes, which notice and payment must be received by the Company on or before the date such Director Option expires pursuant to Section 8 (b) hereof.
In the event an Eligible Director ceases to be a member of the Board for any reason after a
Director Option is vested, the Eligible Director may exercise his Director Option for a period of
one (1) year following

5

 

the date of his termination as a Board member, or if earlier, until the
expiration date of such Director Option.

     (d) Termination of Automatic Grants. Effective January 1, 2007, this Section 8 shall cease to
be effective and Eligible Directors shall be eligible to receive grants of Awards under the Plan as
determined in the discretion of the Board pursuant to the remaining provisions of the Plan.

     9. DIRECTOR STOCK COMPENSATION

Each Eligible Director shall receive all or a portion of his director fees in Shares, as the Board
shall determine from time to time. In addition, an Eligible Director may elect to receive up to
100% of his director fees that would otherwise be paid in cash in the form of Shares pursuant to
the procedures and designated window periods established by the Company or the Board. If any
director fees are deferred in accordance with a deferred compensation plan established by the
Company and are payable in shares of Common Stock, such shares shall be issued under this Plan.

     10. PERFORMANCE AND STOCK AWARDS.

     (a) Eligibility for Performance and Stock Awards. The Administrator may grant awards of
Restricted Stock or Performance Shares to Participants the Administrator selects.

     (b) Terms and Conditions. Each award of Restricted Stock or Performance Shares may be subject
to such terms and conditions as the Administrator determines appropriate, including, without
limitation, a condition that one or more Performance Goals be achieved for the Participant to
realize all or a portion of the benefit provided under the Award. However, an award of Restricted
Stock must have a restriction period of at least one year. Notwithstanding the foregoing, the
Administrator may provide that the restrictions imposed on Restricted Stock are accelerated, and
that all or a portion of the Performance Goals subject to an Award are deemed achieved, upon a
Participant’s death, disability or retirement.

     11. TRANSFERABILITY. 

          Each Award granted under this Plan is not transferable other than by will or the laws of
descent and distribution, except that a Participant may, to the extent the Administrator allows and
in a manner the Administrator specifies: (a) designate in writing a beneficiary to exercise the
Award after the Participant’s death; or (b) transfer any award.

     12. TERMINATION AND AMENDMENT OF PLAN; AMENDMENT, MODIFICATION OR CANCELLATION OF AWARDS.

     (a) Term. Subject to the right of the Board to terminate the Plan pursuant to Section 12(b),
the Plan shall remain in effect until all Shares subject to it shall have been issued, purchased or
acquired according to the Plan’s provisions; provided that no incentive stock option may be granted
under the Plan after the tenth (10th) anniversary of the Plan’s Effective Date.

     (b) Termination and Amendment. The Board or Committee may amend, alter, suspend, discontinue
or terminate this Plan at any time, subject to the following limitations:

     (i) the Board must approve any amendment of this Plan to the extent the Company
determines such approval is required by: (A) action of the Board, (B) applicable corporate
law, or (C) any other applicable law or the listing requirements of any principal securities
exchange or market on which the Shares are then traded;

     (ii) Shareholders must approve any amendment of this Plan if required by law or stock
exchange rules, including but not limited to: (A) the rules and/or regulations promulgated
under Section 16 of the Exchange Act, (B) the Code or any rules  promulgated

6

 

thereunder, or (C) the listing requirements of any principal securities exchange or market on which the
Shares are then traded; and

     (iii) Shareholders must approve any of the following Plan amendments: (A) an amendment
to materially increase any number of Shares specified in Section 6(a) or 6(c) (except as
permitted by Section 14); (B) an amendment to shorten the restriction periods specified in
Section 10(b); or (C) an amendment to impair the protections of Section 12(f).

     (c) Amendment, Modification or Cancellation of Awards. Except as provided in subsection (f)
and subject to the requirements of this Plan, the Administrator may modify, amend or cancel any
Award or waive any restrictions or conditions applicable to any Award or the exercise of the Award,
and the Administrator may modify or amend the terms and conditions applicable to any Awards
(including the Plan provisions affecting an Award); provided that any modification, amendment or
cancellation that adversely affects the rights of a Participant under an Award must be consented to
by the Participant (or any other persons as may then have an interest in the Award).
Notwithstanding the foregoing, the Administrator need not obtain Participant (or other interested
party) consent for the adjustment or cancellation of an Award pursuant to the provisions of Section
14, or the modification of an Award to the extent deemed necessary to comply with any applicable
law, the listing requirements of any principal securities exchange or market on which the Shares
are then traded, or to preserve favorable accounting or tax treatment of any Award for the Company.

     (d) Survival of Administrator Authority and Awards. Notwithstanding the foregoing, the
authority of the Administrator to administer this Plan and modify or amend an Award, and the
authority of the Board or Committee to amend the Plan, may extend beyond the date of this Plan’s
termination, but no Awards may be granted after the Plan’s termination. In addition, termination of
this Plan will not affect the rights of Participants with respect to Awards previously granted to
them, and all unexpired Awards will continue in force and effect after termination of this Plan
except as they may lapse or be terminated by their own terms and conditions.

     (e) Repricing Prohibited. Notwithstanding anything in this Plan to the contrary, and except
for the adjustments provided in Section 14, neither the Administrator nor any other person may
decrease the exercise price for any outstanding Option granted under this Plan after the date of
grant nor allow a Participant to surrender an outstanding Option granted under this Plan to the
Company as consideration for the grant of a new Option with a lower exercise price.

     (f) Foreign Participation. To assure the viability of Awards granted to Participants employed
in foreign countries, the Administrator may provide for such special terms as it may consider
necessary or appropriate to accommodate differences in local law, tax policy or custom. Moreover,
the Administrator may approve such supplements to, or amendments, restatements or alternative
versions of this Plan as it determines is necessary or appropriate for such purposes. Any such
amendment, restatement or alternative versions that the Administrator approves for purposes of
using this Plan in a foreign country will not affect the terms of this Plan for any other country.

     13. TAXES. 

          The Company is entitled to withhold the amount of any tax attributable to any amount payable
or Shares deliverable under this Plan after giving the person entitled to receive such amount or
Shares notice as far in advance as practicable, and the Company may defer making payment or
delivery if any such tax may be pending unless and until indemnified to its satisfaction. The
Committee may permit a Participant to pay all or a portion of the foreign, federal, state and local
withholding taxes arising upon exercise, vesting or payment of any Award (including the issuance of
Shares under an Award) by electing to (i) have the Company withhold vested Shares otherwise
issuable under the Award, (ii) tender back Shares received in connection with such Award or (iii)
deliver other previously owned Shares, in each case having a fair market value equal to the amount to be withheld; however, the amount to be withheld may not exceed the total minimum federal,
state and local tax withholding obligations associated with the transaction to the extent needed
for the Company to preserve favorable accounting treatment. The election must be made on or before
the

7

 

date as of which the amount of tax to be withheld is determined and otherwise, as the Committee requires. The Fair Market Value of a fractional Share remaining after payment of the withholding
taxes may be paid to the Participant in cash.

     14. ADJUSTMENT PROVISIONS; CHANGE OF CONTROL. 

     (a) Adjustment of Shares. If (i) the Company shall at any time be involved in a merger or
other transaction in which the Shares are changed or exchanged; (ii) the Company shall subdivide or
combine the Shares or the Company shall declare a dividend payable in Shares, other securities or
other property; (iii) the Company shall effect a cash dividend the amount of which, on a per Share
basis, exceeds ten percent (10%) of the Fair Market Value of a Share at the time the dividend is
declared, or the Company shall effect any other dividend or other distribution on the Shares in the
form of cash, or a repurchase of Shares, that the Board determines by resolution is special or
extraordinary in nature or that is in connection with a transaction that the Company characterizes
publicly as a recapitalization or reorganization involving the Shares; or (iv) any other event
shall occur, which, in the case of this clause (iv), in the judgment of the Board or Committee
necessitates an adjustment to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under this Plan, then the Administrator shall, in such manner as it
may deem equitable, adjust any or all of (A) the number and type of Shares subject to this Plan
(including the number and type of Shares that may be granted as Restricted Stock or issued pursuant
to incentive stock options), or that may be granted to a Participant in any fiscal year, and which
may after the event be made the subject of Awards under this Plan, (B) the number and type of
Shares subject to outstanding Awards, (C) the grant, purchase, or exercise price with respect to
any Award, and (D) to the extent such discretion does not cause an Award that is intended to
qualify as performance-based compensation under Code Section 162(m) to lose its status as such, the
Performance Goals of an Award.

          In any such case, the Administrator may also make provision for a cash payment in an amount
determined by the Administrator to the holder of an outstanding Award in exchange for the
cancellation of all or a portion of the Award (without the consent of the holder of an Award)
effective at such time as the Administrator specifies (which may be the time such transaction or
event is effective), but if such transaction or event constitutes a Change of Control, then (A)
such payment shall be at least as favorable to the holder as the greatest amount the holder could
have received in respect of such Award under subsection (c) and (B) from and after the Change of
Control, the Administrator may make such a provision only if the Administrator determines that
doing so is necessary to substitute, for each Share then subject to an Award, the number and kind
of shares of stock, other securities, cash or other property to which holders of Common Stock are
or will be entitled in respect of each Share pursuant to the transaction or event in accordance
with the last sentence of this subsection (a). However, in each case, with respect to Awards of
incentive stock options, no such adjustment may be authorized to the extent that such authority
would cause this Plan to violate Code section 422(b). Further, the number of Shares subject to any
Award payable or denominated in Shares must always be a whole number.

          Without limitation, subject to Participants’ rights under subsection (c), in the event of any
reorganization, merger, consolidation, combination or other similar corporate transaction or event,
whether or not constituting a Change of Control, other than any such transaction in which the
Company is the continuing corporation and in which the outstanding Common Stock is not being
converted into or exchanged for different securities, cash or other property, or any combination
thereof, the Administrator may substitute, on an equitable basis as the Administrator determines,
for each Share then subject to an Award, the number and kind of shares of stock, other securities,
cash or other property to which holders of Common Stock are or will be entitled in respect of each
Share pursuant to the transaction.

     (b) Issuance or Assumption. Notwithstanding any other provision of this Plan, and without
affecting the number of Shares otherwise reserved or available under this Plan, in connection with
any merger, consolidation, acquisition of property or stock, or reorganization, the

8

 

Administrator may authorize the issuance or assumption of awards upon such terms and conditions as it may deem
appropriate.

     (c) Change of Control. Except to the extent the Administrator provides a result more
favorable to holders of Awards, in the event of a Change of Control:

     (i) each holder of an Option (A) shall have the right at any time thereafter to
exercise the Option in full whether or not the Option was theretofore exercisable (but only
to the extent the Option has not been forfeited or cancelled); and (B) shall have the right,
exercisable by written notice to the Company within 60 days after the Change of Control, to
receive, in exchange for the surrender of the Option, an amount of cash equal to the excess
of the Change of Control Price (if such surrender occurs on the date of the Change of
Control) or the Fair Market Value of a Share on the date of surrender (if such surrender
occurs after the date of the Change of Control) of the Shares covered by the Option that is
so surrendered over the purchase or grant price of such Shares under the Award;

     (ii) Restricted Stock that is not then vested shall vest upon the date of the Change of
Control and each holder of such Restricted Stock shall have the right, exercisable by
written notice to the Company within 60 days after the Change of Control, to receive, in
exchange for the surrender of such Restricted Stock, an amount of cash equal to the Change
of Control Price of such Restricted Stock;

     (iii) each holder of an Award of Performance Shares for which the performance period
has not expired shall receive, in exchange for the surrender of the Award, an amount of cash
equal to the product of the number of the Performance Shares that would be issued assuming
the target Performance Goals for such Award were met and a fraction, the numerator of which
is the number of whole months which have elapsed from the beginning of the performance
period to the date of the Change of Control and the denominator of which is the number of
whole months in the performance period;

     (iv) each holder of a Performance Share that has been earned but not yet paid shall
receive an amount of cash equal to the value of the Performance Share. For purposes of this
Section 14, the “value” of a Performance Share shall be based on the Change of Control
Price.

          Notwithstanding the foregoing, if the use of the Change of Control Price would cause an Award
that would otherwise be exempt from Code Section 409A to become subject to Code Section 409A, then,
in lieu of the “Change of Control Price,” the Award holder shall be entitled to a cash payment
calculated using the Fair Market Value on the date the Award is surrendered.

     15. MISCELLANEOUS. 

     (a) Option Grants. The grant of any Option under this Plan is subject to the following
provisions:

     (i) A Participant (or other individual with an interest in an Award) shall have no
rights as a shareholder of the Company with respect to the shares of Common Stock made
subject to an Option unless and until such individual exercises such Option and is issued
the shares purchased thereby. No adjustments shall be made for distributions, allocations,
or other rights with respect to any shares of Common Stock prior to the exercise of such
Option except as permitted by Section 14.

     (ii) The terms of any Option shall be as set forth in a written stock option agreement
(an “Option Agreement”) in such form as the Administrator shall from time to time determine.
Each Option Agreement shall comply with and be subject to the terms and conditions of the
Plan and such other terms and conditions as the Administrator may deem

9

 

appropriate. No person shall have any rights under any Option granted under the Plan unless and until the
Company and the Participant have executed an Option Agreement setting forth the grant and
the terms and conditions of the Option.

     (b) Other Terms and Conditions. The grant of any Award under this Plan may also be subject to
other provisions (whether or not applicable to the Award awarded to any other Participant) as the
Administrator determines appropriate, including, without limitation, provisions for:

     (i) the payment of the purchase price of Options by delivery of cash or other Shares or
other securities of the Company (including by attestation) having a then Fair Market Value
equal to the purchase price of such Shares, or by delivery (including by fax) to the Company
or its designated agent, of an executed irrevocable option exercise form together with
irrevocable instructions to a broker dealer to sell or margin a sufficient portion of the
Shares and deliver the sale or margin loan proceeds directly to the Company to pay for the
exercise price;

     (ii) provisions giving the Participant the right to receive dividend payments or
dividend equivalent payments with respect to the Shares subject to the Award (both before
and after the Shares subject to the Award are earned, vested or acquired), which payments
may be either made currently or credited to an account for the Participant, and may be
settled in cash or Shares, as the Administrator determines;

     (iii) restrictions on resale or other disposition; and

     (iv) compliance with federal or state securities laws and stock exchange requirements.

     (c) Employment and Service. The issuance of an Award shall not confer upon a Participant any
right with respect to continued employment or service with the Company or any Affiliate, or the
right to continue as an Eligible Director. Unless determined otherwise by the Administrator, for
purposes of the Plan and all Awards, the following rules shall apply:

     (i) a Participant who transfers employment between the Company and its Affiliates, or
between Affiliates, will not be considered to have terminated employment;

     (ii) a Participant who ceases to be an Eligible Director because he or she becomes an
employee of the Company or an Affiliate shall not be considered to have ceased service as an
Eligible Director with respect to any Award until such Participant’s termination of
employment with the Company and its Affiliates;

     (iii) a Participant who ceases to be employed by the Company or an Affiliate and
immediately thereafter becomes an Eligible Director, a non-employee director of an
Affiliate, or a consultant to the Company or any Affiliate shall not be considered to have
terminated employment until such Participant’s service as a director of, or consultant to,
the Company and its Affiliates has ceased; and

     (iv) a Participant employed by an Affiliate will be considered to have terminated
employment when such entity ceases to be an Affiliate.

          Notwithstanding the foregoing, for purposes of an Award that is subject to Code Section 409A,
if a Participant’s termination of employment or service triggers the payment of compensation under
such Award, then the Participant will be deemed to have terminated employment or service upon his or her “separation from service” within the meaning of Code
Section 409A.

     (d) Compliance with Rule 16b-3 of the Securities Exchange Act. Transactions under this Plan
are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the

10

 

Securities Exchange Act of 1934, as amended, and in all events the Plan shall be construed in
accordance with Rule 16b-3. To the extent any provision of the Plan or action by the Board or
Committee fails to so comply, it shall be deemed null and void to the extent permitted by law and
deemed advisable by the Board.

     (e) No Fractional Shares. No fractional Shares or other securities may be issued or delivered
pursuant to this Plan, and the Administrator may determine whether cash, other securities or other
property will be paid or transferred in lieu of any fractional Shares or other securities, or
whether such fractional Shares or other securities or any rights to fractional Shares or other
securities will be canceled, terminated or otherwise eliminated.

     (f) Unfunded Plan. This Plan is unfunded and does not create, and should not be construed to
create, a trust or separate fund with respect to this Plan’s benefits. This Plan does not establish
any fiduciary relationship between the Company and any Participant. To the extent any person holds
any rights by virtue of an Award granted under this Plan, such rights are no greater than the
rights of the Company’s general unsecured creditors.

     (g) Requirements of Law. The granting of Awards under this Plan and the issuance of Shares in
connection with an Award are subject to all applicable laws, rules and regulations and to such
approvals by any governmental agencies or national securities exchanges as may be required.
Notwithstanding any other provision of this Plan or any award agreement, the Company has no
liability to deliver any Shares under this Plan or make any payment unless such delivery or payment
would comply with all applicable laws and the applicable requirements of any securities exchange or
similar entity.

     (h) Governing Law. This Plan, and all agreements under this Plan, shall be construed in
accordance with and governed by the laws of the State of Michigan, without reference to any
conflict of law principles, except for corporate law matters which are governed by the laws of the
State of Delaware. Any legal action or proceeding with respect to this Plan, any Award or any
award agreement, or for recognition and enforcement of any judgment in respect of this Plan, any
Award or any award agreement, may only be brought and determined in a court sitting in the County
of Oakland, or the Federal District Court for the Eastern District of Michigan in the State of
Michigan.

     (i) Construction. Whenever any words are used herein in the masculine, they shall be
construed as though they were used in the feminine in all cases where they would so apply; and
wherever any words are used in the singular or plural, they shall be construed as though they were
used in the plural or singular, as the case may be, in all cases where they would so apply. Titles
of sections are for general information only, and the Plan is not to be construed with reference to
such titles.

     (j) Severability. If any provision of this Plan or any award agreement or any Award (i) is or
becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction, or as to any
person or Award, or (ii) would disqualify this Plan, any award agreement or any Award under any law
the Administrator deems applicable, then such provision should be construed or deemed amended to
conform to applicable laws, or if it cannot be so construed or deemed amended without, in the
determination of the Administrator, materially altering the intent of this Plan, award agreement or
Award, then such provision should be stricken as to such jurisdiction, person or Award, and the
remainder of this Plan, such award agreement and such Award will remain in full force and effect.

*****

11EX-10.20

Exhibit 10.20

EMPLOYMENT AGREEMENT

RELATING TO CHANGE OF CONTROL

     EMPLOYMENT AGREEMENT RELATING TO CHANGE OF CONTROL (the “Agreement”) by and between TechTeam
Global, Inc., a Delaware corporation (the “Company”) and                                          (the “Executive”)
dated as of the ___ day of                     .

     The Board of Directors of the Company (the “Board”) has determined that it is in the best
interests of the Company and its shareholders to diminish the inevitable distraction to the
Executive from the personal uncertainties and risks created by a pending or potential Change of
Control, and to encourage the Executive’s full attention and dedication to the Company currently
and in the event of any pending or potential Change of Control, and to provide the Executive with a
severance package if the Executive is terminated after a Change of Control. Therefore, in order to
accomplish these objectives, the Board has caused the Company to enter into this Agreement.

     NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

     1. Certain Definitions.

          (a) The “Effective Date” shall mean the date on which a Change of Control occurs.
Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if
the Executive’s employment with the Company is terminated prior to the date on which the Change of
Control occurs, and if it is reasonably demonstrated by the Executive that such termination of
employment (i) was at the request of a third party who has taken steps reasonably calculated to
effect the Change of Control or (ii) otherwise arose in connection with or in anticipation of the
Change of Control, then for all purposes of this Agreement, the “Effective Date” shall mean the
date immediately prior to the date of such termination of employment.

          (b) “Change of Control” of the Company shall mean:

          (i) The sale of all then outstanding shares of common stock of the Company or 51% of the then
outstanding voting securities of the Company entitled to vote generally in the election of the
directors (the Outstanding Company Voting Securities”); or

          (ii) The consummation of the sale or other disposition of all or substantially all of the
assets or operations of the Company.

          (c) Change Period. The “Change Period” shall be the period commencing on the
Effective Date and ending on the first anniversary of such date.

          (d) “Code” shall mean the Internal Revenue Code of 1986, as amended. Any reference to
a specific provision of the Code shall be deemed to include any successor provision thereto and the
regulations promulgated thereunder.

1

 

          (e) “Separation from Service” shall having the meaning given in Code Section 409A,
applying the default rules thereof.

          (f) “Specified Employee” shall have the meaning given in Code Section 409A as
determined in accordance with the methodology established by the Company as in effect on the date
of Executive’s Separation from Service.

     2. Terms of Employment.

          (a) Position and Duties. During the Change Period, Executive agrees to devote
reasonable attention and time during normal business hours to the business and affairs of the
Company and, to the extent necessary to discharge the responsibilities assigned to the Executive
hereunder, to use the Executive’s reasonable best efforts to perform faithfully and efficiently
such responsibilities.

          (b) Compensation. During the Change Period, the Executive shall receive an annual
base salary (“Annual Base Salary”) at least equal to twelve times the highest monthly base salary
paid or payable to the Executive by the Company in the twelve-month period immediately preceding
the month in which the Effective Date occurs. During the Change Period, Executive shall be
eligible to participate in any bonus program in force on the Effective Date, or otherwise adopted
by the Company, and shall be entitled to participate in all savings and retirement plans,
practices, policies and programs applicable generally to other peer executives of the Company.
Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in
and shall receive all benefits under welfare benefit plans, practices, policies and programs
provided by the Company (including, without limitation, medical, prescription, dental, disability,
salary continuance, employee life, group life, accidental death and travel accident insurance plans
and programs).

     3. Termination of Employment.

          (a) Death or Disability. The Executive’s employment shall terminate automatically
upon the Executive’s death or Disability that continues for 30 days after the Company provides
Executive of notice of its determination of Disability. For purposes of this Agreement,
“Disability” shall mean the absence of the Executive from the Executive’s duties with the Company
on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or
physical illness, which is determined to be total and/or permanent by a physician selected by the
Company or its insurers and acceptable to the Executive or the Executive’s legal representative
(such agreement as to acceptability not to be withheld unreasonably).

          (b) Cause. The Company may terminate the Executive’s employment during the Change
Period for Cause. For purposes of this Agreement, “Cause” means any of the following: (i)
Eligible Employee’s conviction of or a plea of no contest to a felony, fraud or a crime involving
moral turpitude under any state or federal statute; (ii) Eligible Employee’s continued failure to
substantially perform the Eligible Employee’s duties, or any other intentional action or omission
by Eligible Employee that is injurious to the Company; or (iii) any

2

 

material breach of any employee handbook of the Company by the Eligible Employee, which breach
is not remedied within fourteen (14) days after written notice thereof.

          (c) Good Reason. The Executive’s employment may be terminated during the Change
Period by the Executive for Good Reason. For purposes of this Agreement, “Good Reason” shall mean
the occurrence of any of the following without the written consent of the Executive:

          (i) the assignment to the Executive of any duties inconsistent in any respect with the
Executive’s position, authority, duties or responsibilities prior to the Change of Control, or any
other action by the Company (or its successor) which results in a material diminution in such
position, authority, duties or responsibilities, and the continuance of such assignment of duties
or other such action for a period of sixty (60) days; or

          (ii) the Company’s requiring the Executive to be based at any office or location other than in
[Executive’s Home Location], except for any short-term assignment (under three (3) months) where
the Company pays all travel or temporary relocation costs incurred by the Executive; or

          (iii) any failure by the Company to comply with and satisfy Section 8(c), or any failure by
any successor to assume and offer to perform this Agreement in accordance with Section 8(c)
provided that such successor has received at least ten days prior written notice from the Company
or the Executive of the requirements of Section 9(c).

          (d) Notice of Termination. Any termination by the Company for Cause, or by the
Executive for Good Reason, shall be communicated by Notice of Termination to the other party hereto
given in accordance with Section 9(b). For purposes of this Agreement, a “Notice of Termination”
means a written notice which (i) indicates the specific termination provision in this Agreement
relied upon, and (ii) to the extent practicable, sets forth in reasonable detail the facts and
circumstances relied upon to form Executive’s basis for termination of employment under the
operative provisions. The Company and the Executive are not precluded from asserting any other
fact or circumstance in enforcing the Executive’s or the Company’s rights under this Agreement.

          In addition, if the Executive is resigning for Good Reason, the Notice of Termination must be
provided to the Company within ninety (90) days of the existence of the condition that constitutes
Good Reason and must provide the Company (or the successor in case of Section 3(c)(iii)) a period
of thirty (30) days to remedy the condition that constitutes Good Reason. If the Company (or
successor) remedies the condition that constitutes Good Reason within such thirty (30) day period,
then the Executive may withdraw the Notice of Termination; provided that if the Executive does not
withdraw the Notice of Termination, then the Executive will be considered to have terminated for
other than Good Reason.

          (e) Termination Date. “Termination Date” means (i) if the Executive’s employment is
terminated by the Company for Cause, the date of receipt of the Notice of Termination or any later
date specified therein, as the case may be; (ii) if the Executive’s employment is terminated by the
Executive for Good Reason, the end of the thirty-day cure

3

 

period described in subsection (d) above or any later date specified therein (which later date
must in all cases be within two years of the initial existence of the condition constituting Good
Reason); (iii) if the Executive’s employment is terminated by the Company other than for Cause or
Disability, the Termination Date shall be the date on which the Company notifies the Executive of
such termination; and (iv) if the Executive’s employment is terminated by reason of death or
Disability, the Termination Date shall be the date of death of the Executive or the date of
Disability, as the case may be.

     4. Obligations of the Company upon Termination.

          (a) Good Reason: Other than for Cause, Death or Disability. If, during the Change
Period, the Company shall terminate the Executive’s employment other than for Cause, Death or
Disability, or the Executive shall terminate employment for Good Reason, the Company shall:

          (i) pay to the Executive in a lump sum in cash the aggregate of the following amounts:

               A. the sum of: (1) the Executive’s Annual Base Salary through the Termination Date to the
extent not theretofore paid plus (2) any accrued vacation pay to the extent not theretofore paid;
and

               B. the product of (x) the Annual Bonus as if earned at the target level and (y) a fraction,
the numerator of which is the number of days from beginning of the calendar year in which the
Termination Date occurs through the Termination Date, and the denominator of which is 365; and

               C. the amount equal to the Executive’s Annual Base Salary;

          (ii) provide the Executive with reasonable executive outplacement services for a period of up
to twelve (12) months following Executive’s Separation from Service through a recognized
outplacement provider that is agreed to by the Company and the Executive;

          (iii) continue welfare benefits to the Executive and/or the Executive’s family at least equal
to those which would have been provided to them in accordance with the welfare plans, programs,
practices and policies of the Company as if the Executive’s employment had not been terminated for
a period of twelve (12) months; provided, however, that if the Executive becomes re-employed with
another employer and is eligible to receive medical or other welfare benefits under another
employer provided plan, the medical and other welfare benefits described herein shall be secondary
to those provided under such other plan during such applicable period of eligibility (such
continuation of such benefits for the applicable period herein set forth shall be hereinafter
referred to as “Welfare Benefit Continuation”). Any benefits received by the Executive pursuant to
this Section 4(a)(iii) shall not reduce the period of time the Executive is entitled to receive
COBRA continuation health coverage as a result of the Executive’s termination of employment;

4

 

          (iv) immediately upon termination vest any options, restricted stock, or performance stock
granted to Executive, and the Executive will have six (6) months to exercise any such options;

          (v) pay to the Executive the proceeds of the Executive Savings Plan, including all accumulated
interest and dividends, as required therein.

The Company shall pay the amounts described in clauses i.(B) and (C) (in the aggregate, the
“Severance Pay”) promptly following Executive’s Separation from Service, but no more than thirty
(30) days thereafter; provided that if the Executive is a Specified Employee at the time of such
Separation from Service, then to the extent the Severance Pay exceeds an amount equal to the lesser
of (x) two times the Executive’s annual rate of pay for the prior calendar year and (y) two times
the dollar limitation in effect under Code Section 401(a)(17) for the year in which such Separation
from Service occurs, such excess shall be paid with interest on such delayed payment at the
applicable federal rate provided for in Section 7872(f)(2)(A) of the Code on the first business day
after the date that is six months following the Executive’s Separation from Service (the “Delayed
Payment Date”).

In addition, if the Executive is a Specified Employee on the date of Separation from Service and if
the taxable value of continued life insurance coverage exceeds the applicable dollar limit under
Code Section 402(g)(1)(B) as in effect for the year of Separation from Service, then the Executive
shall pay the Company the premiums for the coverage in excess of such limit and, on the Delayed
Payment Date, the Company shall reimburse such amount to the Executive.

          (b) Death, Retirement or Disability. If the Executive’s employment is terminated by
reason of the Executive’s death, retirement or Disability during the Change Period, this Agreement
shall terminate without further obligations to the Executive’s legal representatives or the
Executive, as the case may be, under this Agreement.

          (c) Cause, Other than for Good Reason. If the Executive’s employment shall be
terminated for Cause during the Change Period or if the Executive terminates employment during the
Change Period other than for Good Reason, this Agreement shall terminate without further
obligations to the Executive, except the Company shall be obligated to pay the Executive’s
Annual Base Salary through the Termination Date plus the amount of any compensation previously
deferred by the Executive (as required by the terms of the deferred compensation arrangement in
effect at such time), in each case to the extent theretofore unpaid.

     5. Limitation on Payment. In the event that the Executive is a “disqualified
individual” within the meaning of Code Section 280G, the parties expressly agree that the payments
described in Paragraph 6 of this Agreement and all other payments to the Executive under any other
agreements or arrangements with any persons that constitute “parachute payments” within the meaning
of Section 280G of the Code are collectively subject to an overall maximum limit. The maximum
limit shall be One Dollar ($1.00) less than the aggregate amount that would otherwise cause any
such payments to be considered a “parachute payment” within the meaning of Section 280G of the
Code, as determined by the Corporation. Accordingly, to the extent that the payments would be
considered a “parachute payment” with respect to the Executive, then the portions of such payments
shall be reduced or eliminated in the following

5

 

order until the remaining payments with respect to the Executive are within the maximum
described in this Section 5.

          (a) First, any cash payment to the Executive;

          (b) Second, any “parachute payments” not described in this Agreement; and

          (c) Third, any forgiveness of indebtedness of the Executive to the Corporation.

          The Executive expressly and irrevocably waives any and all rights to receive any “parachute
payments” that exceed the maximum limit described in this Section 5.

     6. Confidential Information. The Executive shall hold in a fiduciary capacity for the
benefit of the Company all secret or confidential information, knowledge or data relating to the
Company and its respective businesses, which has been obtained by the Executive during the
Executive’s employment by the Company which shall not be or become public knowledge (other than by
acts by the Executive or representatives of the Executive in violation of this Agreement). After
termination of the Executive’s employment with the Company, the Executive shall not, without the
prior written consent of the Company or as may otherwise be required by law or legal process,
communicate or divulge any such information, knowledge or data to anyone other than the Company and
those designated by it. In no event shall an asserted violation of the provisions of this Section
6 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive
under this Agreement.

     7. Non-Solicitation Covenant. In consideration for entry into this Agreement,
Executive reaffirms his/her agreement with the Company not to compete with, or solicit customers or
employees of the Company as set forth in the Intellectual Property Assignment, Non-Solicitation,
and Confidentiality Agreement.

     8. Successors and Assigns.

          (a) This Agreement is personal to the Executive and without the prior written consent of the
Company shall not be assignable by the Executive otherwise than by will or the laws of descent and
distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s
legal representatives.

          (b) This Agreement shall inure to the benefit of and be binding upon the Company and its
successors and assigns.

          (c) The Company will require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company to assume expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession had taken place. As
used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor
to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by
operation of law, or otherwise.

6

 

     9. Miscellaneous.

          (a) This Agreement shall be governed by and construed in accordance with the laws of the State
of Michigan, without reference to principles or conflict of laws. All litigation related to this
Agreement shall be brought in a court located in the State of Michigan, and each party, for the
purposes of such litigation, hereby submits to the exclusive jurisdiction and venue of that court.
The captions of this Agreement are not part of the provisions hereof and shall have no force or
effect.

          (b) All notices and other communications hereunder shall be in writing and shall be given by
hand delivery to the other party or by registered or certified mail, return receipt requested,
postage prepaid, addressed as follows:

     If to the Executive:

or at the most current address of record designated in the Executive’s personnel file.

     If to the Company:

Chief Executive Officer

TechTeam Global, Inc.

27345 West 11 Mile Road

Southfield, Michigan 48033-2231

or to such other address as either party shall have furnished to the other in writing in accordance
herewith. Notice and communications shall be effective when actually received by the addressee.

          (c) The invalidity or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement.

          (d) The Company may withhold from any amounts payable under this Agreement such federal, state
or local taxes as shall be required to be withheld pursuant to any applicable law or regulation.

          (e) The Executive’s or the Company’s failure to insist upon strict compliance with any
provision hereof or any other provision of this Agreement or the failure to assert any right the
Executive or the Company may have hereunder, including, without limitation, the right of the
Executive to terminate employment for Good Reason pursuant to Section 3(c)(i)-(iii), shall not be
deemed to be a waiver of such provision or right or any other provision or right of this Agreement.

7

 

          (f) The Executive and the Company acknowledge that, except as may otherwise be provided under
any other written agreement between the Executive and the Company, the employment of the Executive
by the Company is “at will” and, prior to the Effective Date, may be terminated by either the
Executive or the Company at any time. Moreover, if prior to the Effective Date, the Executive’s
employment with the Company terminates, then the Executive shall have no further rights under this
Agreement. The Executive further acknowledges that this Agreement does not give the Executive any
additional right to participate in any plan, program, etc. The Executive and the Company agree
that this Agreement supersedes any separation policy of the Company.

          (g) This Agreement constitutes the entire agreement between the parties concerning the subject
matter hereof. Any prior understandings, representations, promises, undertakings, agreements or
inducements, whether written or oral, concerning the subject matter hereof not contained herein
shall have no force and effect.

          (h) This Agreement may not be amended or modified otherwise than by a written agreement
executed by the parties hereto or their respective successors and legal representatives. An
agreement to amend this Agreement can be entered into on behalf of the Company only by the
President of the Company after approval of the Company Board.

     IN WITNESS WHEREOF, the Company has by its appropriate officer executed this Agreement and
Executive has executed this Agreement.

	 	 	 	 	 
	 	TECHTEAM GLOBAL, INC.

 	 
	 	By:  	 	 
	 	 	Chief Executive Officer 	 
	 	 	 	 
	 
	 	EXECUTIVE

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]