Document:

exv10w23

Exhibit 10.23

FORM OF

BOOZ ALLEN HAMILTON HOLDING CORPORATION

DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT

     This INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of this ___ day of ____________,
20__, by and between Booz Allen Hamilton Holding Corporation, a Delaware corporation (the
“Company”), and ___________________ (“Indemnitee”).

RECITALS:

     The Company and Indemnitee recognize the substantial increase in corporate litigation in
general, subjecting corporate directors to expensive litigation risks at the same time as the
availability and coverage of liability insurance has been severely limited. The Company desires to
attract and retain the services of highly qualified individuals, such as Indemnitee, to serve as
directors and officers of the Company and to indemnify its directors and officers so as to provide
them with the maximum protection permitted by law.

     The Company and Indemnitee, intending to be legally bound, hereby agree as follows:

     1. INDEMNIFICATION.

     (a) Third Party Proceedings. The Company shall indemnify Indemnitee if Indemnitee was
or is a party to or witness in or is threatened to be made a party to or witness in any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (other than an action by or in the right of the Company) by reason of the fact that
Indemnitee is or was a director, officer, employee or agent of the Company, or any subsidiary of
the Company, or by reason of the fact that Indemnitee is or was serving at the request of the
Company as a director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorneys’ fees), losses,
liabilities, judgments, fines, penalties and amounts paid in settlement (including all interest,
assessments and other charges in connection therewith, and if such settlement is approved in
advance by the Company, which approval shall not be unreasonably withheld) actually incurred by
Indemnitee in connection with such action, suit or proceeding if Indemnitee acted in good faith and
in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the
Company and, with respect to any criminal action or proceeding, had no reasonable cause to believe
Indemnitee’s conduct was unlawful. The termination of any action or proceeding by judgment, order,
settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself,
create a presumption that (i) Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company, and (ii) with
respect to any criminal action or proceeding, Indemnitee had reasonable cause to believe that
Indemnitee’s conduct was unlawful.

 

 

     (b) Proceedings By or in the Right of the Company. The Company shall indemnify
Indemnitee if Indemnitee was or is a party to or witness in or is threatened to be made a party to
or witness in to any threatened, pending or completed action or suit by or in the right of the
Company or any subsidiary of the Company to procure a judgment in its favor by reason of the fact
that Indemnitee is or was a director, officer, employee or agent of the Company, or any subsidiary
of the Company, or by reason of the fact that Indemnitee is or was serving at the request of the
Company as a director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorneys’ fees) actually incurred
by Indemnitee in connection with the defense or settlement of such action or suit if Indemnitee
acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the
best interests of the Company, except that no indemnification shall be made in respect of any
claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Company,
or any subsidiary of the Company, unless and only to the extent that the Court of Chancery of the
State of Delaware or the court in which such action or suit is or was pending shall determine upon
application that, despite the adjudication of liability but in view of all the circumstances of the
case, Indemnitee is fairly and reasonably entitled to indemnity for expenses and then only to the
extent that the court shall deem proper.

     (c) Successful Defense. To the extent Indemnitee has been successful on the merits or
otherwise in defense of any action, suit or proceeding referred to in Section 1(a) or (b) hereof,
Indemnitee shall be indemnified against expenses (including attorney fees) actually incurred by
Indemnitee in connection therewith.

     2. EXPENSES; INDEMNIFICATION PROCEDURE.

     (a) Advancement of Expenses. The Company shall advance all expenses incurred by
Indemnitee in connection with the investigation, defense, settlement or appeal of any civil or
criminal action or proceeding referenced in Section 1(a) or (b) hereof (but not amounts actually
paid in settlement of any such action or proceeding). Indemnitee hereby undertakes to repay such
amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee
is not entitled to be indemnified by the Company as authorized hereby. The advances to be made
hereunder shall be paid by the Company to Indemnitee within twenty (20) days following delivery of
a written request therefor by Indemnitee to the Company, accompanied by such supporting
documentation as may be reasonably requested by the Company.

     (b) Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to
his right to be indemnified under this Agreement, give the Company notice in writing as soon as
practicable of any claim made against Indemnitee for which indemnification will or could be sought
under this Agreement, provided that any failure or delay in giving such notice shall not
relieve the Company of its obligations under this Agreement unless and to the extent that
(i) none of the Company and its subsidiaries are party to or aware of such Proceeding and
(ii) the Company is materially prejudiced by such failure. In

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addition, Indemnitee shall give the Company such information and cooperation as it may
reasonably require and as shall be within Indemnitee’s power.

     (c) Procedure. Subject to Section 2(d) hereof, any indemnification provided for in
Section 1 shall be made no later than forty-five (45) days after receipt of the written request of
Indemnitee made following final disposition of the action or proceeding to which such
indemnification relates. Subject to Section 2(d) hereof, if a claim by Indemnitee under this
Agreement, under any statute, or under any provision of the Company’s Certificate of Incorporation
or Bylaws providing for indemnification, is not paid in full by the Company within forty-five (45)
days after a written request for payment thereof has first been received by the Company, Indemnitee
may, but need not, at any time thereafter bring an action against the Company to recover the unpaid
amount of the claim and, subject to Section 14 hereof, Indemnitee shall also be entitled to be paid
for the expenses (including reasonable attorneys’ fees) of bringing such action.

     (d) Determination of Right to Entitlement.

          (i) In the event that Indemnitee incurs liability for any fines, judgments, liabilities,
penalties or amounts paid in settlement, and indemnification is sought under this Agreement, the
Company shall pay (or provide for payment if so required by the terms of any judgment or
settlement) such amounts within forty-five (45) days of Indemnitee’s written request therefor
unless a determination is made within such forty-five (45) days that the claims giving rise to such
request are excluded or indemnification is otherwise not due under this Agreement. Such
determination, and any determination required by applicable law as to whether Indemnitee has met
the standard of conduct required to qualify and entitle Indemnitee, partially or fully, to
indemnification under Section 2 of this Agreement, shall be made as follows:

     (A) If no change in control has occurred, (w) by a majority vote of
the directors of the Company who are not parties to such action, suit or proceeding
even though less than a quorum, with the advice of independent legal counsel, or
(x) by a committee of such directors designated by majority vote of such
directors, even though less than a quorum, with the advice of independent legal
counsel, or (y) if there are no such directors, or if such directors so
direct, by independent legal counsel in a written opinion to the Company and
Indemnitee.

     (B) If a change in control has occurred, by independent legal counsel in a
written opinion to the Company and Indemnitee.

The term “independent legal counsel” shall mean for this purpose an attorney or firm of attorneys
experienced in matters of corporation law that is not now nor has within the previous three years
been retained to represent Indemnitee, the Company or any other party to the proceeding giving rise
to the claim for indemnification hereunder; provided that “independent legal counsel” shall not
include any person who under applicable standards of professional conduct would have a conflict of
interest in representing Indemnitee or the Company in an action to determine Indemnitee’s rights
under this Agreement. The term “change of control” shall mean for this purpose, and shall be

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deemed to have occurred if, on or after the date of this Agreement, (i) any “person” (as
such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended),
other than (A) a trustee or other fiduciary holding securities under an employee benefit
plan of the Company or any of its subsidiaries acting in such capacity, or (B) an entity
owned directly or indirectly by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company, is or becomes the “beneficial owner” (as
defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company
representing more than thirty-five percent (35%) of the total voting power represented by the
Company’s then outstanding voting securities, (ii) during any period of two consecutive
years, individuals who at the beginning of such period constitute the board of directors of the
Company and any new director whose election by the board of directors of the Company or nomination
for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of
the directors then still in office who either were directors at the beginning of the period or
whose election or nomination for election was previously so approved, cease for any reason to
constitute a majority thereof, (iii) the stockholders of the Company approve a merger or
consolidation of the Company with any other corporation other than a merger or consolidation that
would result in the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity) at least sixty-five percent (65%) of the total voting power
represented by the voting securities of the Company or such surviving entity outstanding
immediately after such merger or consolidation, (iv) the stockholders of the Company
approve a plan of complete liquidation of the Company or an agreement for the sale or disposition
by the Company of (in one transaction or a series of related transactions) all or substantially all
of its assets, or (v) the Company shall file or have filed against it, and such filing
shall not be dismissed, any bankruptcy, insolvency or dissolution proceedings, or a trustee,
administrator or creditors committee shall be appointed to manage or supervise the affairs of the
Company.

          (ii) The Company shall be bound by and shall have no right to challenge a determination made
as provided above in favor of Indemnitee. Indemnitee may within forty-five (45) days after a
determination adverse to Indemnitee has been made as provided above, or if no determination has
been made within forty-five (45) days of Indemnitee’s written request for payment, petition the
Court of Chancery of the State of Delaware or any other court of competent jurisdiction, or may
seek an award in arbitration to be conducted by a single arbitrator pursuant to the rules of the
American Arbitration Association, which award shall be deemed final, unappealable and binding, to
determine whether Indemnitee is entitled to indemnification under this Agreement, and such court or
arbitrator, as the case may be, shall thereupon have the exclusive authority to make such
determination unless and until such court or arbitrator dismisses or otherwise terminates such
action without having made a determination. The court or arbitrator, as the case may be, shall
make an independent determination of entitlement in accordance with Section 2(e) below,
irrespective of any prior determination made by the Board of Directors, independent legal counsel
or stockholders. All fees and expenses of any arbitrator pursuant to this provision shall be paid
by the Company.

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     (e) Presumptions; Burden and Standard of Proof. In connection with any determination,
or any review of any determination, by any person, including a court:

          (i) It shall be a presumption that a determination is not required to be made under Section
2(d) hereof.

          (ii) It shall be a presumption that Indemnitee has met the applicable standard of conduct and
that indemnification of Indemnitee is proper in the circumstances.

          (iii) The burden of proof shall be on the Company to overcome the presumptions set forth in
the preceding clauses (i) and (ii), and each such presumption shall only be overcome if the Company
establishes that there is no reasonable basis to support it.

          (iv) The termination of any proceeding by judgment, order, finding, settlement (whether with
or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent,
shall not create a presumption that indemnification is not proper or that Indemnitee did not meet
the applicable standard of conduct or that a court has determined that indemnification is not
permitted by this Agreement or otherwise.

          (v) Neither the failure of any person or persons to have made a determination nor an adverse
determination by any person or persons shall be a defense to Indemnitee’s claim or create a
presumption that Indemnitee did not meet the applicable standard of conduct, and any proceeding
commenced by Indemnitee pursuant to Section 2(d) shall be de novo with respect to all
determinations of fact and law.

     (f) Selection of Counsel. In the event the Company shall be obligated under Section
2(a) hereof to pay the expenses of any proceeding against Indemnitee, the Company shall be entitled
to assume the defense of such proceeding, with counsel approved by Indemnitee, which approval shall
not be unreasonably withheld, upon the delivery to Indemnitee of written notice of its election so
to do. After delivery of such notice, approval of such counsel by Indemnitee and the retention of
such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for
any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding,
provided that (i) Indemnitee shall have the right to employ his own counsel in any such proceeding
at Indemnitee’s expense; and (ii) if (A) the employment of counsel by Indemnitee has been
previously authorized by the Company, (B) Indemnitee shall have reasonably concluded that there may
be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or
(C) the Company shall not, in fact, have employed counsel to assume the defense of such proceeding,
then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company.

     (g) Settlement. The Company will not, without the prior written consent of Indemnitee,
which may be provided or withheld in Indemnitee’s sole discretion, effect any settlement of any
Proceeding against Indemnitee or which could have been brought against Indemnitee unless such
settlement solely involves the payment of money by

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persons other than Indemnitee and includes an unconditional release of Indemnitee from all
liability on any matters that are the subject of such Proceeding and an acknowledgment that
Indemnitee denies all wrongdoing in connection with such matters. The Company shall not be
obligated to indemnify Indemnitee against amounts paid in settlement of a Proceeding against
Indemnitee if such settlement is effected by Indemnitee without the Company’s prior written
consent, which shall not be unreasonably withheld.

     3. ADDITIONAL INDEMNIFICATION RIGHTS; NONEXCLUSIVITY.

     (a) Scope. Notwithstanding any other provision of this Agreement, the Company hereby
agrees to indemnify the Indemnitee to the fullest extent permitted by the Delaware General Corporation Law (other than Section 145(f) thereof or any successor non-exclusivity
provision), notwithstanding that such indemnification is not specifically authorized by the other
provisions of this Agreement, the Company’s Certificate of Incorporation, the Company’s Bylaws or
by statute. In the event of any change, after the date of this Agreement, in any applicable law,
statute or rule which expands the right of a Delaware corporation to indemnify a member of its
board of directors or an officer, such changes shall be, ipso facto, within the purview of
Indemnitee’s rights and the Company’s obligations, under this Agreement. In the event of any change
in any applicable law, statute or rule which narrows the right of a Delaware corporation to
indemnify a member of its Board of Directors, such changes, to the extent not otherwise required by
such law, statute or rule to be applied to this Agreement shall have no effect on this Agreement or
the parties’ rights and obligations hereunder.

     (b) Nonexclusivity. The indemnification provided by this Agreement shall not be deemed
exclusive of any rights to which Indemnitee may be entitled under the Company’s Certificate of
Incorporation, its Bylaws, any agreement, any vote of stockholders or disinterested directors, the
Delaware General Corporation Law, any other applicable law or any liability insurance policy, both
as to action in Indemnitee’s official capacity and as to action in another capacity while holding
such office, provided that to the extent that Indemnitee is entitled to be indemnified by
the Company under this Agreement and by any shareholder of the Company or any affiliate of any such
shareholder under any other agreement or instrument, the obligations of the Company hereunder shall
be primary, and the obligations of such shareholder or affiliate] secondary, and the Company shall
not be entitled to contribution or indemnification from or subrogation against such shareholder or
affiliate. The indemnification provided under this Agreement shall continue as to Indemnitee for
any action taken or not taken while serving in an indemnified capacity even though he may have
ceased to serve in such capacity at the time of any action or other covered proceeding.

     4. PARTIAL INDEMNIFICATION. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the expenses (including attorneys’ fees),
losses, liabilities, judgments, fines, penalties and amounts paid in settlement (including all
interest, assessments and other charges in connection therewith, and if such settlement is approved
in advance by the Company,

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which approval shall not be unreasonably withheld) actually incurred by Indemnitee in
connection with an action, suit or proceeding described in Section 1(a), but not, however, for the
total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such
expenses (including attorneys’ fees), losses, liabilities, judgments, fines, penalties and amounts
paid in settlement to which Indemnitee is entitled.

     5. MUTUAL ACKNOWLEDGMENT. Both the Company and Indemnitee acknowledge that in certain
instances, Federal law or applicable public policy may prohibit the Company from indemnifying its
directors and officers under this Agreement or otherwise. Indemnitee understands and acknowledges
that the Company may be required in the future to undertake with the Securities and Exchange
Commission to submit the question of indemnification to a court in certain circumstances for a
determination of the Company’s right under public policy to indemnify Indemnitee.

     6. SEVERABILITY. Nothing in this Agreement is intended to require or shall be construed as
requiring the Company to do or fail to do any act in violation of applicable law. The Company’s
inability, pursuant to court order, to perform its obligations under this Agreement shall not
constitute a breach of this Agreement. The provisions of this Agreement shall be severable as
provided in this Section 6. If this Agreement or any portion hereof shall be invalidated on any
ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify
Indemnitee to the full extent permitted by any applicable portion of this Agreement that shall not
have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in
accordance with its terms.

     7. EXCEPTIONS. Any other provision herein to the contrary notwithstanding, the Company shall
not be obligated pursuant to the terms of this Agreement:

     (a) Excluded Acts. To indemnify Indemnitee for any acts or omissions or transactions
from which a director may not be relieved of liability under the Delaware General Corporation Law;
or

     (b) Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee
with respect to proceedings or claims initiated or brought voluntarily by Indemnitee and not by way
of defense, except with respect to proceedings brought to establish or enforce a right to
indemnification as provided in Section 14 hereto, but such indemnification or advancement of
expenses may be provided by the Company in specific cases if the Board of Directors has approved
the initiation or bringing of such suit; or

     (c) Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by
Indemnitee with respect to any proceeding instituted by Indemnitee to enforce or interpret this
Agreement, to the extent that a court of competent jurisdiction determines that the material
assertions made by Indemnitee in such proceeding were not made in good faith or were frivolous; or

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     (d) Insured Claims. To indemnify Indemnitee for expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, Employee Retirement Income Security
Act of 1974 excise taxes or penalties, and amounts paid in settlement) which have been paid
directly to Indemnitee by an insurance carrier under a policy of directors’ and officers’ liability
insurance maintained by the Company or its affiliates.

     (e) Claims Under Section 16(b). To indemnify Indemnitee in any proceeding with respect
to which final judgment is rendered against Indemnitee for a payment or the accounting of profits
arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the
Securities Exchange Act of 1934, as amended, or any similar successor statute.

     8. EFFECTIVENESS OF AGREEMENT. To the extent that the indemnification permitted under the
terms of certain provisions of this Agreement exceeds the scope of the indemnification provided for
in the Delaware General Corporation Law, such provisions shall not be effective unless and until
the Company’s Certificate of Incorporation authorizes such additional rights of indemnification. In
all other respects, the balance of this Agreement shall be effective as of the date set forth on
the first page hereof and may apply to acts or omissions of Indemnitee which occurred prior to such
date if Indemnitee was an officer, director, employee or other agent of the Company, or was serving
at the request of the Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, at the time such act or omission occurred.

     9. AGREEMENT TO SERVE. Indemnitee agrees or has agreed to serve as a director of the Company
or one or more of its subsidiaries and in such other capacities as Indemnitee may serve at the
request of the Company from time to time, and by its execution of this Agreement the Company
confirms its request that Indemnitee serve as a director and in such other capacities. Indemnitee
shall be entitled to resign or otherwise terminate such service with immediate effect at any time,
and neither such resignation or termination nor the length of such service shall affect
Indemnitee’s rights under this Agreement. This Agreement shall not constitute an employment
agreement, supersede any employment agreement to which Indemnitee is a party or create any right of
Indemnitee to continued employment or appointment.

     10. DIRECTORS AND OFFICERS LIABILITY INSURANCE.

     (a) Maintenance of Insurance. So long as the Company or any of its subsidiaries
maintains liability insurance for any directors, officers, employees or agents of any such person,
the Company shall ensure that Indemnitee is covered by such insurance in such a manner as to
provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of
the Company’s and its subsidiaries’ then current directors and officers. If at any date (i) such
insurance ceases to cover acts and omissions occurring during all or any part of the period of
Indemnitee’s service as director or (ii) neither the Company nor any of its subsidiaries maintains
any such insurance, the Company shall ensure that Indemnitee is covered, with respect to acts and
omissions prior to such date, for at least six years (or such shorter period as is available on
commercially reasonable

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terms) from such date, by other directors and officers liability insurance, in amounts and on
terms (including the portion of the period of Indemnitee’s service as director covered) no less
favorable to Indemnitee than the amounts and terms of the liability insurance maintained by the
Company on the date hereof.

     (b) Notice to Insurers. Upon receipt of notice of a proceeding pursuant to Section
2(b), the Company shall give or cause to be given prompt notice of such proceeding to all insurers
providing liability insurance in accordance with the procedures set forth in all applicable or
potentially applicable policies. The Company shall thereafter take all necessary action to cause
such insurers to pay all amounts payable in accordance with the terms of such policies.

     11. CONSTRUCTION OF CERTAIN PHRASES.

     (a) Company. For purposes of this Agreement, references to the “Company” shall
include, in addition to the resulting corporation, any constituent corporation (including any
constituent of a constituent) absorbed in a consolidation or merger which, if its separate
existence had continued, would have had power and authority to indemnify its directors, officers,
employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such
constituent corporation, or is or was serving at the request of such constituent corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, Indemnitee shall stand in the same position under the provisions of this
Agreement with respect to the resulting or surviving corporation as Indemnitee would have with
respect to such constituent corporation if its separate existence had continued.

     (b) Other Enterprise, etc. For purposes of this Agreement, references to “other
enterprises” shall include employee benefit plans; references to “fines” shall include any excise
taxes assessed on Indemnitee with respect to any employee benefit plan; and references to “serving
at the request of the Company” shall include any service as a director, officer, employee or agent
of the Company which imposes duties on, or involves services by, such director, officer, employee
or agent with respect to an employee benefit plan, its participants or beneficiaries.

     12. COUNTERPARTS. This Agreement may be executed in two or more counterparts, each of which
shall constitute an original. Any facsimile copies hereof or signature hereon shall, for all
purposes, be deemed originals.

     13. SUCCESSORS
AND ASSIGNS. This Agreement shall be binding upon the Company and its successors and assigns, including without limitation any acquiror of all or
substantially all of the Company’s assets or business, any person (as such term is used in Sections
13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) that acquires beneficial
ownership of securities of the Company representing more than thirty-five percent (35%) of the
total voting power represented by the Company’s then outstanding voting securities and any survivor
of any merger or consolidation to which the Company is party, and shall inure to the benefit of the
Indemnitee and shall inure to the benefit of Indemnitee and Indemnitee’s estate, spouses, heirs,
executors, personal or

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legal representatives, administrators and assigns. The Company shall require and cause any such
successor, by written agreement in form and substance satisfactory to Indemnitee, expressly to
assume and agree to perform this Agreement as if it were named as the Company herein, and the
Company shall not permit any such purchase of assets or business, acquisition of securities or
merger or consolidation to occur until such written agreement has been executed and delivered. No
such assumption and agreement shall relieve the Company of any of its obligations hereunder, and
this Agreement shall not otherwise be assignable by the Company.

     14. ATTORNEYS’ FEES. In the event that any action is instituted by Indemnitee or the Company
or any of its subsidiaries to enforce or interpret any of the terms of this Agreement or any rights
of Indemnitee to indemnification or advancement of expenses (or related obligations of Indemnitee)
under the Company’s or any such subsidiary’s certificate of incorporation or bylaws, any other
agreement to which Indemnitee and the Company or any of its subsidiaries are a party, any vote of
stockholders or directors of the Company or any of its subsidiaries, the DGCL, any other applicable
law or any liability insurance policy, Indemnitee shall be entitled to be paid all court costs and
expenses, including reasonable attorneys’ fees, incurred by Indemnitee with respect to such action,
whether or not Indemnitee is successful in such action, except to the extent that, as a part of
such action, the court of competent jurisdiction determines that the material assertions made by
Indemnitee as a basis for such action were not made in good faith or were frivolous.

     15. NOTICES. All notices, requests, demands and other communications under this Agreement
shall be in writing and shall be deemed duly given (i) (b) if given by overnight courier or
personal delivery, on the date of receipt or (ii) if sent by telecopier (with receipt confirmed),
on the date of such receipt. Addresses for notice to either party are as shown on the signature
page of this Agreement, or as subsequently modified by written notice and in the case of notices to
the Company shall be marked for the attention of the General Counsel.

     16. CONSENT TO JURISDICTION. The parties hereto agree that any suit, action or proceeding
seeking to enforce any provision of, or based on any matter arising out of or in connection with,
this Agreement shall be brought in the Court of Chancery of the State of Delaware (or, in the case
of any claim as to which the federal courts have exclusive subject matter jurisdiction, the federal
court of the United States of America sitting in the State of Delaware), and each of the parties
hereby consents to the exclusive jurisdiction of those courts (and of the appropriate appellate
courts therefrom) in any suit, action or proceeding and irrevocably waives, to the fullest extent
permitted by law, any objection which it may now or hereafter have to the laying of the venue of
any suit, action or proceeding in any of those courts or that any suit, action or proceeding which
is brought in any of those courts has been brought in an inconvenient forum. Process in any suit,
action or proceeding may be served on any party anywhere in the world, whether within or without
the jurisdiction of any of the named courts.

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     17. CHOICE OF LAW. This Agreement shall be construed in accordance with and governed by the
internal laws of the State of Delaware applicable to contracts executed and fully performed within
the State of Delaware, without regard to the conflict of law principles thereof.

     18. SUBROGATION. In the event of payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who
shall execute such documents and do such acts as the Company may reasonably request to secure such
rights and to enable the Company effectively to bring suit to enforce such rights, provided
that the Company shall not be subrogated to any claim of Indemnitee for indemnification from any
shareholder of the Company or any affiliate of any such shareholder.

     19. AMENDMENT AND TERMINATION. No amendment, modification, termination or cancellation of
this Agreement shall be effective unless it is in writing signed by all the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing
waiver.

      20. PERIOD OF LIMITATIONS. No legal action shall be brought and no cause of action
shall be asserted by or in the right of the Company or any of its subsidiaries against Indemnitee
or Indemnitee’s estate, spouses, heirs, executors, personal or legal representatives,
administrators or assigns after the expiration of two years from the date of accrual of such cause
of action, and any claim or cause of action of the Company shall be extinguished and deemed
released unless asserted by the timely filing of a legal action within such two-year period,
provided that if any shorter period of limitations is otherwise applicable to any such
cause of action, such shorter period shall govern.

     21. NON-CIRCUMVENTION. The Company shall not seek or agree to any order of any court or other
governmental authority that would prohibit or otherwise interfere, and shall not take or fail to
take any other action if such action or failure would reasonably be expected to have the effect of
prohibiting or otherwise interfering, with the performance of the Company’s indemnification,
advancement or other obligations under this Agreement.

     21. INTEGRATION AND ENTIRE AGREEMENT. This Agreement sets forth the entire understanding
between the parties hereto and supersedes and merges all previous written and oral negotiations,
commitments, understandings and agreements relating to the subject matter hereof between the
parties hereto, provided that the provisions hereof shall not supersede the provisions of
the Company’s certificate of incorporation, bylaws or other organizational agreement or instrument,
any other agreement, any vote of stockholders or directors, the DGCL or other applicable law, to
the extent any such provisions shall be more favorable to Indemnitee than the provisions hereof.

11

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	Booz Allen Hamilton Holding Corporation

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

AGREED TO AND ACCEPTED:

INDEMNITEE:

	 	 	 

	 
	Name:
	 	 
	Address:
	 	 

12exv10w11

Exhibit 10.11

AMENDED & RESTATED

SMITH MICRO SOFTWARE, INC.

EMPLOYEE STOCK PURCHASE PLAN

(Effective July 30, 2010)

Section 1.    Purpose.

          The Smith Micro Software, Inc. Employee Stock Purchase Plan is intended to provide a method
whereby Employees of the Company will have an opportunity to purchase shares of the Common Stock of
the Company through payroll deductions. It is the intention of the Company that the Plan qualify
as an “employee stock purchase plan” under Section 423 of the Code. The provisions of the Plan
shall be construed so as to extend and limit participation in a manner consistent with the
requirements of that section of the Code.

Section 2.    Definitions.

          2.1     “Board” shall mean the Board of Directors of the Company.

          2.2     “Code” shall mean the Internal Revenue Code of 1986, as amended.

          2.3     “Committee” shall mean the Compensation Committee of the Board, including any successor
committee.

          2.4     “Common Stock” shall mean the common stock of the Company, without par value.

          2.5     “Company” shall mean Smith Micro Software, Inc.

          2.6     “Designated Percentage” shall mean the percentage described in Section 5.2 of the Plan.

          2.7     “Eligible Compensation” shall mean the basic rate of compensation established by the
Company for the services of an Employee, including overtime and merit salary increases paid during
the year, but shall exclude all other forms of compensation, including, by way of illustration and
not limitation, bonuses, commissions, payments in lieu of vacation, all non-regular payments,
payments to health, retirement, unemployment, death, long-term disability (other than short-term
non-occupational illness), or any other similar plan generally classified as a welfare or pension
plan, any special purpose payments such as car or expense allowances, moving expenses, educational
payments, and any other non-basic payments, as such compensation appears on the books and records
of the Company for services rendered to the Company, determined prior to any contractual reductions
related to contributions under a “qualified cash or deferred arrangement” (as determined under
Section 401(k) of the Code and its applicable regulations) or under a “cafeteria plan” (as defined
under Section 125 of the Code and its applicable regulations). The Committee shall have the
authority from time to time to approve the inclusion or deletion of any or all forms of
compensation in or from the definition of, Eligible Compensation and may change the definition on a
prospective basis, subject, however, to Code Section 423(b)(5).

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          2.8     “Employee” shall mean any employee of the Company during the relevant Purchase Period,
including any officer of the Company; provided, that the Committee shall have the authority to
exclude (i) employees who have been employed less than 90 days; (ii) employees whose customary
employment is for not more than five months in any calendar year; and (iii) employees who currently
participate in the Company’s Executive Stock Program.

          2.9     “Offering Date” shall mean the first business day of each Purchase Period.

          2.10   “Fair Market Value” shall mean the closing price of a share of Common Stock in the NASDAQ
on the relevant date, or, if no sale shall have been made on such exchange on that date, the
closing price in the NASDAQ on the last preceding day on which there was a sale.

          2.11   “Participant” shall mean a participant in the Plan as described in Section III of the
Plan.

          2.12   “Plan” shall mean this Smith Micro Software, Inc. Employee Stock Purchase Plan, as
amended from time to time.

          2.13   “Purchase Date” shall mean the last business day of each Purchase Period.

          2.14   “Purchase Period” shall mean a six month period or other period as determined by the
Committee pursuant to Section 4.2.

Section 3.   Eligibility, Participation and Withdrawal.

          3.1     Eligibility. Any Employee employed by the Company on an Offering Date shall be
eligible to participate in the Plan with respect to the Purchase Period commencing on such Offering
Date, and options to purchase Common Stock can be granted only to Employees of the Company. No
Employee may be granted an option under the Plan if immediately after an option is granted the
Employee owns or is considered to own (within the meaning of Code Section 424(d)), shares of
capital stock, including stock which the Employee may purchase by conversion of convertible
securities or under outstanding options granted by the Company, possessing 5% or more of the total
combined voting power or value of all classes of stock of the Company. All Employees who
participate in the Plan shall have the same rights and privileges under the Plan except for
differences which are consistent with Code Section 423(b)(5).

          3.2     Enrollment. An Employee who is eligible to participate in the Plan may become a
Participant beginning with the first payroll date following the commencement of a Purchase Period
by filing, during the enrollment period prior to an applicable Offering Date prescribed by the
Committee, a completed payroll deduction authorization in the manner specified with the Human
Resources Department of the Company.

          3.3     Payroll Deductions.

          (a)     An eligible Employee may authorize payroll deductions at the rate of any whole percentage
of the Employee’s Eligible Compensation, not to exceed 10% or such other percentage as specified by
the Committee prior to the commencement of a Purchase Period. All payroll deductions may be held
by the Company and commingled with its other corporate funds.

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No interest shall be paid or credited to the Participant with respect to such payroll
deductions except where required by local law or as determined by the Committee. A separate
bookkeeping account for each Participant shall be maintained by the Company under the Plan, and the
amount of each Participant’s payroll deductions shall be credited to such account. A Participant
may not make any additional payments into such account.

          (b)     Subject to such limitations, if any, as prescribed by the Committee, a Participant may
prospectively initiate an increase or decrease to his or her rate of payroll deductions for any
Purchase Period in accordance with and by such time as is established under the Company’s then
applicable procedures for changing payroll deductions, which at a minimum shall permit a
Participant to increase or decrease his or her rate of payroll deductions on the first day of any
purchase period by filing a new payroll deduction authorization form with the Company at least 30
days prior to such dates. If a Participant has not followed such procedures to change the rate of
payroll deductions, the rate of payroll deductions shall continue at the originally elected rate
throughout the Purchase Period and future Purchase Periods unless reduced to reflect a change by
the Committee in the maximum permissible rate.

          3.4     Withdrawal.

          (a)     Under procedures established by the Committee, a Participant may discontinue payroll
deductions under the Plan at any time during, or following, a Purchase Period. If a Participant
has not followed such procedures to discontinue the payroll deductions, the rate of payroll
deductions shall continue at the originally elected rate throughout the Purchase Period and future
Purchase Periods unless reduced to reflect a change by the Committee in the maximum permissible
rate.

          (b)     If a Participant discontinues participation during a Purchase Period, his or her
accumulated payroll deductions will be used to purchase shares of the Company’s Common Stock in
accordance with this Plan, but no further payroll deductions will be made from his or her pay
during such Purchase Period or future Purchase Periods; provided, however, a Participant’s
withdrawal will not have any effect upon his or her eligibility to elect to participate in any
succeeding Purchase Period.

          3.5     Termination of Employment. In the event any Participant terminates employment
with the Company for any reason (including death or disability or failure to return to active
employment following a paid leave of absence) prior to the expiration of a Purchase Period, the
Participant’s participation in the Plan shall terminate, and all amounts credited to the
Participant’s account shall be refunded to the Participant.

Section 4.    Offerings.

          4.1     Authorized Shares. The maximum number of shares of Common Stock which may be
issued pursuant to the Plan shall be One Million (1,000,000) shares, subject to adjustment as
provided in Section 7. The shares which may be issued under the Plan may be either authorized but
unissued shares or treasury shares or partly each, or shares purchased on the open market, as
determined from time to time by the Board. If on any Purchase Date the number of shares otherwise
purchasable by Participants is greater than the number of shares then remaining available under the
Plan, the Committee shall allocate the available shares among the

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Participants in such manner as it deems fair and which complies with the requirements of Code
Section 423 for employee stock purchase plans.

           4.2      Purchase Periods. Each Purchase Period shall be determined by the Committee.
Unless otherwise determined by the Committee, (i) the duration of each Purchase Period shall be 6
months, (ii) the first Purchase Period shall commence October 1, 2010, and (iii) subsequent
Purchase Periods shall run consecutively for successive 6-month periods after the termination of
the preceding Purchase Period. The Committee shall have the power to change the commencement date
or duration of future Purchase Periods, without shareholder approval, and without regard to the
expectations of any Participants; provided, that in no event shall the duration of any Purchase
Period exceed five years in the case of a Purchase Period during which the purchase price of any
stock option is stated in terms of a percentage of the Fair Market Value of the Common Stock on the
Purchase Date, or 27 months in the case of a Purchase Period during which the purchase price of any
stock option is stated in terms of a percentage of the Fair Market Value of the Common Stock on the
Offering Date or the Purchase Date. In the event of the proposed liquidation or dissolution of the
Company or a proposed sale of all or substantially all of the stock or assets of the Company or the
merger or consolidation of the Company with or into another corporation, then the Committee may, in
its sole discretion, establish a date on or before the date of consummation of such liquidation,
dissolution, sale, merger or consolidation, which date shall be the ending date of the then current
Purchase Period.

Section 5.     Grant of Options.

           5.1      Grant of Options. On the Offering Date for each Purchase Period, each eligible
Employee who has elected to participate as provided in Section 3.2 shall be granted an option to
purchase the number of shares of Common Stock which may be purchased with the payroll deductions to
be accumulated in an account maintained on behalf of such Employee assuming (i) payroll deductions
throughout the Purchase Period (at a rate to be determined by the Committee) of the Employee’s
Eligible Compensation as of the Offering Date, and (ii) a purchase price equal to the Designated
Percentage (as defined in Section 5.2) of Fair Market Value as of the Offering Date.
Notwithstanding the preceding sentence:

          (a)     The number of shares which may be purchased by any Participant on the first
Purchase Date to occur in any calendar year may not exceed the lesser of (i) the number of
shares determined by dividing $25,000 by the Fair Market Value of a share of Common Stock on
the Offering Date for the Purchase Period ended on such Purchase Date or (ii) a fixed amount
of shares to be determined by the Committee with respect to each calendar year and
applicable to all Participants, which amount shall initially be One Thousand (1,000) shares.

          (b)     The number of shares which may be purchased by a Participant on any subsequent
Purchase Date in the same calendar year shall not exceed the number of shares determined by
performing the calculation below:

           Step One: Multiply the number of shares purchased by the Participant on each previous
Purchase Date in the same calendar year by the Fair Market Value of a share of Common Stock on the
Offering Date for the Purchase Period ended on such Purchase Date.

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          Step Two: Subtract the amount(s) determined in Step One from $25,000.

          Step Three: Divide the remainder amount determined in Step Two by the Fair Market Value of a
share of Common Stock on the Offering Date for the Purchase Period ending on the Purchase Date for
which the calculation is being performed. The quotient thus obtained is the maximum number of
shares which may be purchased by the Participant on such Purchase Date, subject to a lesser maximum
number of shares which may be fixed from time to time by the Committee with respect to each
calendar year and applicable to all Participants, which amount shall initially be One Thousand
(1,000) shares.

          5.2     Purchase Price. The option price of each option shall be 85% (the “Designated
Percentage”) of the Fair Market Value on the Purchase Date on which the Common Stock is purchased.
Notwithstanding the foregoing sentence, the Committee may change the Designated Percentage with
respect to any future Purchase Period, but not below 85%, and the Committee may determine with
respect to any prospective Purchase Period that the option price shall be the Designated Percentage
of the lower of (i) the Fair Market Value of the Common Stock on the Offering Date on which an
option is granted, or (ii) the Fair Market Value of the Common Stock on the Purchase Date on which
the Common Stock is purchased.

          5.3     $25,000 Limitation. Notwithstanding any other provision of the Plan to the
contrary, no Employee participating in the Plan shall be granted an option which permits the
Employee’s rights to purchase Common Stock under the Plan and all Code Section 423 employee stock
purchase plans of the Company to accrue at a rate which exceeds $25,000 in Fair Market Value of
Common Stock (determined at the time such option is granted) for each calendar year in which such
option is outstanding at any time. The preceding sentence shall be interpreted so as to comply
with Code Section 423(b)(8).

Section 6.    Exercise and Delivery.

          6.1     Automatic Exercise. Subject to Section 3.5 and the limitation of Section 5.1, on
each Purchase Date, a Participant’s option shall be exercised automatically for the purchase of
that number of full and fractional shares of Common Stock which the accumulated payroll deductions
credited to the Participant’s account at that time shall purchase at the applicable price specified
in Section 5.2. All fees associated with the purchase of shares will be paid by the Company.

          6.2     Payment. The Company shall retain the amount of payroll deductions used to
purchase Common Stock as full payment for the Common Stock, and the Common Stock shall then be
fully paid and non-assessable. No Participant shall have any voting, dividend, or other
shareholder rights with respect to shares subject to any option granted under the Plan until the
shares subject to the option have been purchased and delivered to the Participant as provided in
this Section 6.

          6.3     Delivery. Unless and until otherwise determined by the Committee, all shares
purchased under the Plan shall be deposited, in book-entry form or otherwise, directly to an
account established in the name of the Participant. Upon the exercise of an option on each
Purchase Date, the Company shall deliver (by electronic or other means) to the Participant a record
of the Common Stock purchased. The Committee may require that shares purchased

- 5 -

 

under the Plan be retained for a designated period of time (and may restrict dispositions
during that period) and/or may establish other procedures to permit tracking of disqualifying
dispositions of such shares or to restrict transfer of such shares.

          6.4     Transferability. Options granted to Participants may not be voluntarily or
involuntarily assigned, transferred, pledged, or otherwise disposed of in any way, and during the
Participant’s lifetime may be exercised only by the Participant. Any attempted assignment,
transfer, pledge, or other disposition shall be null and void and without effect. If a Participant
in any manner attempts to transfer, assign or otherwise encumber his or her rights or interest
under the Plan, other than as permitted by the Code, such act shall be treated as an election by
the Participant to discontinue participation in the Plan pursuant to Section 3.4.

Section 7.    Adjustments.

          If a dividend or other distribution shall be declared upon the Common Stock payable in shares
of the Common Stock, the number of shares of the Common Stock then subject to any outstanding stock
options, the number of shares of the Common Stock subject to the share limit provided herein and
the number of shares which may be issued under the Plan but are not then subject to outstanding
stock options shall be adjusted by adding thereto the number of shares of the Common Stock which
would have been distributable thereon if such shares had been outstanding on the date fixed for
determining the shareholders entitled to receive such stock dividend or distribution.

          Subject to the Board’s ability to terminate the Plan pursuant to Section 9 and the Committee’s
discretion to terminate a Purchase Period pursuant to Section 4.2, if the outstanding shares of the
Common Stock shall be changed into or exchangeable for a different number or kind of shares of
stock or other securities of the Company or another corporation, whether through reorganization,
reclassification, recapitalization, stock split-up, combination of shares, merger or consolidation,
then there shall be substituted for each share of the Common Stock which may be issued under the
Plan but which is not then subject to any outstanding stock option, the number and kind of shares
of stock or other securities into which each outstanding share of the Common Stock shall be so
changed or for which each such share shall be exchangeable.

          In case of any adjustment or substitution as provided for in this Section 7, the Committee
shall equitably adjust the formula for determining the Purchase Price of outstanding stock options
in accordance with the requirements of Sections 423 and 424 of the Code.

          If any adjustment or substitution provided for in this Section 7 requires the approval of
shareholders in order to enable the Company to grant stock options under the Plan, then no such
adjustment or substitution shall be made without the required shareholder approval.
Notwithstanding the foregoing, if the effect of any such adjustment or substitution would be to
cause any outstanding option granted under the Plan to fail to continue to qualify as an option
subject to Sections 421 and 423 of the Code or to cause a modification, extension or renewal of
such option within the meaning of Section 424 of the Code, the Committee may elect that such
adjustment or substitution not be made but rather shall use reasonable efforts to effect such other
adjustment of each then outstanding stock option as the Committee, in its discretion, shall deem

- 6 -

 

equitable and which will not result in any disqualification, modification, extension or
renewal (within the meaning of Section 424 of the Code) of such outstanding stock option.

Section 8.    Administration.

          8.1      Authority of Committee. The Committee will have the authority and responsibility
for the administration of the Plan. The Committee may delegate to one or more individuals or
committees the day-to-day administration of the Plan. The Committee, or its delegate, shall have
full power and authority to promulgate any rules and regulations which it deems necessary for the
proper administration of the Plan, to interpret the provisions and supervise the administration of
the Plan, to make factual determinations relevant to Plan entitlements and to take all action in
connection with administration of the Plan as it deems necessary or advisable. Decisions of the
Committee shall be final and binding upon all Participants. Any decision reduced to writing and
signed by all of the members of the Committee shall be fully effective, as if it had been made at a
meeting of the Committee duly held. The Company shall pay all expenses incurred in the
administration of the Plan. No Board or Committee member shall be liable for any action or
determination made in good faith with respect to the Plan or any option granted hereunder.

          8.2      Reports. Individual accounts will be maintained for each Participant in the Plan.
Statements of account will be given to Participants at least annually, within such time as the
Committee may reasonably determine, which statements will set forth the amounts of payroll
deductions, the purchase price, and the number of shares purchased.

Section 9.    Amendment or Termination of the Plan.

          The Board may, in its sole discretion, insofar as permitted by law, terminate or suspend the
Plan, or revise or amend it in any respect whatsoever without shareholder approval except as may be
required by the rules of any stock exchange on which the Common Stock is listed and, without
approval of the shareholders, no such revision or amendment shall (a) increase the number of shares
subject to the Plan, other than an adjustment under Section 7 of the Plan, or (b) materially modify
the requirements as to eligibility for participation in the Plan except as otherwise specified in
this Plan.

Section 10.   Miscellaneous.

          10.1     Compliance with Legal and Exchange Requirements. The Company shall not be under
any obligation to issue Common Stock upon the exercise of any option unless and until the Company
has determined that: (i) it and the Participant have taken all actions required to register the
Common Stock under the Securities Act of 1933, or to perfect an exemption from the registration
requirements thereof; (ii) any applicable listing requirement of any stock exchange on which the
Common Stock is listed has been satisfied; and (iii) all other applicable provisions of state,
federal and applicable foreign law have been satisfied.

          10.2     Governmental Approvals. This Plan and the Company’s obligation to sell and
deliver shares of its stock under the Plan in any jurisdiction shall be subject to the approval of
any governmental authority required in connection with the Plan or the authorization, issuance,
sale, or delivery of stock hereunder in such jurisdiction.

- 7 -

 

          10.3     No Enlargement of Employee Rights. Nothing contained in this Plan shall be
deemed to give any Employee the right to be retained in the employ of the Company or to interfere
with the right of the Company to discharge any Employee at any time. It is not intended that any
rights or benefits provided under this Plan shall be considered part of normal or expected
compensation for purposes of calculating any severance, resignation, end of service payments,
bonuses, long service awards, pension, retirement or similar payments.

          10.4     Governing Law. This Plan shall be governed by the laws of the State of Delaware
(without regard to conflicts of laws thereof) and applicable Federal law.

          10.5     Effective Date. This Plan shall be effective as of April 29, 2010, the date of
its effective adoption by the Board, provided that on or prior to April 28, 2011, such adoption of
the Plan by the Board must be approved by the affirmative vote of the holders of at least a
majority of the shares of Common Stock represented in person or by proxy and entitled to vote at a
duly called and convened meeting of such holders.

- 8 -

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