Document:

Exhibit 10.42

 Exhibit 10.42 
 AMENDMENT TO 
 STOCK OPTION AGREEMENT 
 WHEREAS, Deltek Systems, Inc. (the “Company”) has granted [Director] (“Optionee”) an option (the “Option”) to
purchase Common Stock of the Company pursuant to a Stock Option Agreement, dated as of [Date of Agreement] (the “Stock Option Agreement”); and 
 WHEREAS, the [state item to be amended]; and 
 WHEREAS, the Company and Optionee wish to
[state item to be amended]; 
 NOW, THEREFORE, [state item to be amended]. 
 Except as otherwise set forth above, all other terms and conditions of the Stock Option Agreement shall remain in effect. 
 IN WITNESS WHEREOF, this Amendment to Stock Option Agreement has been executed by the undersigned, effective as of [Date]. 
  

									
	 OPTIONEE
	  		 	 DELTEK SYSTEMS, INC.

			
	  
	  		 	  

	Optionee Signature	  		 	
		  		 	
					
	Date:	 	  
	  		 	Date:Exhibit 10.43

 Exhibit 10.43 
 STOCK OPTION AGREEMENT (the “Agreement”), dated as of [Date of Agreement] between Deltek Systems, Inc., a Virginia corporation (together with its successors, the “Company”), and
[Director] (the “Optionee”). 
 RECITALS 
 WHEREAS, on [Grant Date] (the “Date of Grant”), the Compensation Committee of the Board of Directors of the Company granted the Optionee the right and option to purchase 7,500 shares of Common Stock
with a per share exercise price of $[Price] (the “Option”); and 
 WHEREAS, the Optionee and the Company now intend to
evidence the Option; 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are acknowledged, the parties hereto agree as follows: 
 Section 1.
Grant of Option. This Agreement evidences the Optionee’s right and option to purchase 7,500 shares of Common Stock (subject to adjustment as provided in Section 7 of the Plan) on the terms and conditions set forth in this
Agreement and in the Deltek Systems, Inc. 2005 Stock Option Plan (the “Plan”), a copy of which is being delivered to the Optionee concurrently herewith and is made a part hereof as if fully set forth herein. Except as otherwise
defined herein, capitalized terms used in this Agreement shall have the same definitions as set forth in the Plan. The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Code. 
 Section 2. Purchase Price. The price (the “Option Price”) at which the Optionee shall be entitled to purchase shares of Common Stock
upon the exercise of this Option shall be $[Price] per share (subject to adjustment as provided in Section 7 of the Plan). 
 Section 3.
Duration of Option. The Option shall be exercisable to the extent and in the manner provided herein for a period of ten years after the Date of Grant; provided, however, that the Option may be earlier terminated as
provided in Section 4, 6, 7 or 8 hereof. 
 Section 4. Exercisability of Option. 
 4.1. General. Subject to the provisions of this Agreement and the Plan, the Option shall be exercisable for 100% of the aggregate number of shares
of Common Stock that may be purchased pursuant to the Option as set forth in Section 1 on or after [Date of First Anniversary of Grant]. 
 4.2. Death; Disability. 
 (a) Subject to the provisions of this Agreement and the Plan, and notwithstanding any other
provision of Section 4.1, the Option may be exercised to acquire up to 100% of the aggregate number of shares of Common Stock that may be purchased pursuant to 

 
the Option as set forth in Section 1, less any shares previously acquired pursuant to the Option, if the Optionee (i) dies or (ii) ceases to
be a member of the Company’s Board of Directors due to the Disability of the Optionee. 
 (b) “Disability” is defined
as a physical or mental condition as a result of which the Optionee is unable to perform the primary duties, responsibilities and functions of a member of the Company’s Board of Directors for a period of 90 days. 
 4.3. Sales or Other Events. The Company shall give the Optionee at least five business days’ notice (or, if not practicable,
such shorter notice as may be practicable) (the “Sale Notice”) prior to the anticipated date of the consummation of a sale by the NMP Entities of any of their shares of Common Stock to a Third Party (an “NMP Sale”).
The Optionee shall be permitted to exercise the Option to the extent provided in this Section 4.3 in order to participate in the NMP Sale; provided, that, in the event of an NMP Sale in which the Optionee would be required to participate
pursuant to Section 3.5 of the Optionee Shareholders’ Agreement were the Optionee then a party to such agreement, the Company may require the Optionee to exercise the Option to the extent necessary to enable the Optionee to participate
therein or forfeit the Option (or portion thereof, as applicable). Notwithstanding anything in Section 4.1 to the contrary, in connection with an NMP Sale, the Option may be exercised to the extent of the excess, if any, of (a) the number
of shares with respect to which the Optionee would be entitled to, or is being required to, participate in an NMP Sale, and will so participate, over (b) the number of shares previously issued to the Optionee upon exercise of the Option and not
previously disposed of. Unless the Company elects to allow an earlier exercise of the Option, the exercise of an Option in connection with an NMP Sale shall be made in accordance with Section 5 and shall be made concurrently with the
consummation of the NMP Sale, and, in the event the NMP Sale is not consummated, any notice of exercise submitted in connection with the NMP Sale shall be of no force or effect and the Option shall be exercisable thereafter to the extent it would
have been exercisable if no Sale Notice or notice of exercise had been given. In lieu of permitting the Optionee to participate in a Public Offering of all or a portion of the shares of Common Stock owned by the NMP Entities (a “Secondary
Public Offering”), the Company, at its option, may instead cause the Option and the underlying shares to be registered under applicable securities laws, or make other arrangements consistent with such laws, so as to permit the Optionee to
sell for a period of time after the Secondary Public Offering the same number of shares that the Optionee would have been able to sell in the Secondary Public Offering but for this sentence. 
 4.4. Termination of Option. Subject to the provisions of Section 8, the Option shall terminate simultaneously with the consummation
of a Total Sale to the extent that the Option has not theretofore been exercised. 
 4.5. Exercises Under Multiple Option Agreements.
Notwithstanding anything herein to the contrary, if, in connection with an NMP Sale, the Optionee shall be entitled to acquire shares of Common Stock pursuant to Section 4.2 and pursuant to the analogous provisions of one or more other stock
option agreements between the Optionee and the Company 

  

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(any such agreement, including this Agreement, an “Option Agreement”), then the Company shall have the right, at its option, to designate
the Option Agreement or Option Agreements pursuant to which the Optionee may exercise options for purposes of the Optionee’s participation in an NMP Sale, provided that in no event shall any such determination reduce the aggregate number
of shares that the Optionee would otherwise be entitled to sell in connection with such NMP Sale. 
 Section 5.
Manner of Exercise and Payment. 
 5.1. Notice of Exercise. Subject to the terms and conditions
of this Agreement and the Plan, the Option may be exercised by delivery of written notice to the Company. Such notice shall state that the Optionee is electing to exercise the Option, shall set forth the number of shares of Common Stock in respect
of which the Option is being exercised and shall be signed by the Optionee or, where applicable, by the Optionee’s Legal Representative. 
 5.2. Deliveries. The notice of exercise described in Section 5.1 shall be accompanied by (a) payment of the full purchase price for the shares in respect of which the Option is being exercised, together with any withholding
taxes that may be due as a result of the exercise of the Option, such payment to be made by delivery to the Company of a certified or bank check payable to the order of the Company or cash by wire transfer or other immediately available funds to an
account designated by the Company, and (b) a fully executed Optionee Shareholders’ Agreement (a copy of which, in the form to be executed by the Optionee (which may differ from optionee to optionee and from time to time), will be supplied
to the Optionee upon request) and the undated stock power referred to in Section 6.14(a)(ii) of the Optionee Shareholders’ Agreement. 
 5.3. Issuance of Shares. Upon receipt of notice of exercise, full payment for the shares of Common Stock in respect of which the Option is being exercised and a fully executed Optionee Shareholders’ Agreement and stock
power, and subject to Section 9 of the Plan, the Company shall take such action as may be necessary under applicable law to effect the issuance to the Optionee of the number of shares of Common Stock as to which such exercise was effected. No
fractional shares of Common Stock (or cash in lieu thereof) shall be issued upon exercise of an Option and the number of shares of Common Stock that may be purchased upon exercise shall be rounded to the nearest whole number. 
 5.4. Shareholder Rights. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any
shares of Common Stock subject to the Option until: (a) the Option shall have been exercised in accordance with the terms of this Agreement and the Optionee shall have paid the full purchase price for the number of shares in respect of which
the Option was exercised and any withholding taxes due, (b) the Optionee shall have delivered the fully executed Optionee Shareholders’ Agreement and stock power to the Company, (c) the Company shall have issued the shares to the
Optionee, and (d) the Optionee’s name shall have been entered as a shareholder of record on the books of the Company. Upon the 

  

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occurrence of all of the foregoing events, the Optionee shall have full ownership rights with respect to such shares, subject to the provisions of the
Optionee Shareholders’ Agreement. 
 Section 6. Certain Restrictions. 
 6.1. No Sale or Transfer. The Optionee shall not sell, transfer, assign, exchange, pledge, encumber or otherwise dispose of the
Option or any portion thereof. 
 6.2. Termination. If the Optionee shall no longer be a member of the Board of Directors of the
Company (“Terminated” or a “Termination”), irrespective of whether the Optionee receives, in connection with the Termination, any severance or other payment from the Company, then (i) the Option, to the extent
it is not exercisable pursuant to Section 4.1 or 4.2 at the date of such Termination, shall terminate on, and shall be of no further force and effect from and after, the date of such Termination, and (ii) the Option, to the extent it is
exercisable pursuant to Section 4.1 or 4.2 at the date of such Termination (the “Exercisable Portion of the Option”), shall be exercisable by the Optionee during the Post-Termination Exercise Period (as defined below), but in
no event after the expiration of the term of the Option, and, until exercised, the Exercisable Portion of the Option shall continue to be subject to the terms of this Agreement, including Section 4.3. If the Optionee does not exercise any
portion of the Exercisable Portion of the Option within the Post-Termination Exercise Period, such portion shall terminate and shall be of no further force and effect following the close of business on the last day of the Post-Termination Exercise
Period. 
 “Post-Termination Exercise Period” shall mean the period commencing on the date of the Optionee’s
Termination and ending at the close of business on the day preceding the anniversary date of the Optionee’s Termination. 
 6.3
Termination for Cause. 
 (a) Notwithstanding any other provision of this Agreement, if the Optionee is removed for Cause as a member
of the Board of Directors of the Company, the Option shall terminate immediately upon such termination for Cause, the Option may not be exercised after such termination for Cause, and the Option shall be of no further force and effect thereafter.

 (b) “Cause” is defined as either (i) a conviction of the Optionee for the commission of a felony or (ii) a
commission by the Optionee of one or more acts involving fraud or gross misconduct that cause material damage to the Company. 
 (c) Prior to
removing the Optionee as a member of the Board of Directors of the Company for Cause pursuant to clause (ii) of Section 6.3(b), the Optionee shall be given (i) a written notice of such determination setting forth the nature of such
alleged Cause item and specifically stating the corrective action, if any, required, (ii) a reasonable opportunity to meet with the Board in person or by teleconference (with assistance of the Optionee’s counsel if the Optionee so elects)
to discuss such item and required corrective action and (iii) a reasonable 

  

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opportunity to take the required action and cure such item, if such item is subject to cure. Notwithstanding the provisions of the immediately preceding
sentence, the Board may, in its sole discretion, remove any member of the Board of Directors without following the procedure specified in the immediately preceding sentence. 
 Section 7. Effect of Certain Transactions. Subject to Section 8, in the event of (a) the liquidation or dissolution of the Company or (b) a merger or consolidation of the Company (a
“Transaction”), the Option shall continue in effect in accordance with its terms, except that following the Transaction either (i) each outstanding Option shall be treated as provided for in the plan of liquidation or
dissolution adopted, or the agreement entered into, in connection with the Transaction or (ii) if not so provided in such plan or agreement, the Optionee shall be entitled to receive in respect of each share of Common Stock subject to the
Option, upon exercise of the Option, the same number and kind of stock, securities, cash, property or other consideration that each holder of a share of Common Stock was entitled to receive in the Transaction in respect of a share of Common Stock;
provided, however, that such stock, securities, cash, property, or other consideration shall remain subject to all of the conditions, restrictions and performance criteria which were applicable to the Option prior to such Transaction.

 Section 8. Continuation of Plan upon Total Sale. Upon the effective date of any Total Sale, any unexercised portion of the Option
shall terminate unless provision shall be made in writing in connection with such Total Sale for the continuance of the Plan and such unexercised portion of the Option or for the assumption of such unexercised portion of the Option by a successor to
the Company or for the substitution for such unexercised portion of the Option of new options covering shares or other securities or other equity interests of such successor with appropriate adjustments as to number and kind of shares or other
securities or other equity interests, option prices and other terms of such new options. In the event that provision in writing is made as aforesaid in connection with a Total Sale, the unexercised portion of the Option or the new options
substituted therefor shall continue in the manner and under the terms provided in the Plan and this Agreement and in such writing. 
 Section 9.
Miscellaneous. 
 9.1. Acknowledgment. The Optionee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by
all the terms and provisions thereof as the same may be amended from time to time. The Optionee hereby acknowledges that the Optionee has reviewed the Plan and this Agreement and understands the Optionee’s rights and obligations thereunder and
hereunder. The Optionee also acknowledges that the Optionee has been provided with such information concerning the Company, the Plan and this Agreement as the Optionee and the Optionee’s advisors have requested. 
 9.2. Resolution of Disputes. Any dispute or disagreement which may arise under, or as a result of, or which may in any way relate to,
the interpretation, construction or application of this Agreement shall be determined by the Committee, in good faith, whose determination shall be final, binding and conclusive for all purposes. 
  

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 9.3. Governing Law; Compliance with Law; Venue and Service of Process; Waiver of Jury Trials.

 (a) Governing Law. This Agreement shall be construed and enforced in accordance with, and the rights and obligations of the parties
hereto shall be governed by, the laws of the State of New York, without giving effect to the conflicts of law principles thereof. 
 (b)
Compliance with Law. Notwithstanding anything herein to the contrary, the Company shall not be required to issue shares pursuant to the exercise of any Option granted under this Agreement and the Plan unless such exercise and issuance comply
with all applicable laws, including, without limitation, all applicable federal and state securities laws. 
 (c) Venue and Service of
Process. By execution and delivery of this Agreement, each of the parties hereto hereby irrevocably and unconditionally (i) consents to submit to the exclusive jurisdiction of the federal and state courts of the State of New York located in
New York County (collectively, the “Selected Courts”) for any action or proceeding arising out of or relating to this Agreement and the transactions contemplated hereby, and agrees not to commence any action or proceeding relating
thereto except in the Selected Courts, provided, that, a party may commence any action or proceeding in a court other than a Selected Court solely for the purpose of enforcing an order or judgment issued by one of the Selected Courts;
(ii) consents to service of any process, summons, notice or document in any action or proceeding by registered first-class mail, postage prepaid, return receipt requested or by nationally recognized courier guaranteeing overnight delivery in
accordance with Section 9.6 and agrees that such service of process shall be effective service of process for any action or proceeding brought against it in any such court, provided, that, nothing herein shall affect the right of any
party hereto to serve process in any other manner permitted by law; (iii) waives any objection to the laying of venue of any action or proceeding arising out of this Agreement or the transactions contemplated hereby in the Selected Courts; and
(iv) waives and agrees not to plead or claim in any court that any such action or proceeding brought in any such Selected Court has been brought in an inconvenient forum. 
 (d) Waiver of Jury Trial. EACH OF THE PARTIES HEREBY IRREVOCABLY, TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, WAIVES,
AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING IN WHOLE OR IN PART ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY,
WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AND AGREES THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT
AMONG THE PARTIES IRREVOCABLY TO WAIVE ITS RIGHT TO TRIAL BY JURY IN ANY SUCH ACTION OR PROCEEDING. SUCH ACTION OR PROCEEDING SHALL 

  

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INSTEAD BE TRIED IN A SELECTED COURT BY A JUDGE SITTING WITHOUT A JURY. 
 9.4. Specific Performance. The parties hereto acknowledge that there will be no adequate remedy at law for a violation of any of the provisions of this Agreement and that, in addition to any other remedies
which may be available, all of the provisions of this Agreement shall be specifically enforceable in accordance with their respective terms. 
 9.5. Severability. Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law but the invalidity or unenforceability of any
provision or portion of any provision of this Agreement in any jurisdiction shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of this Agreement, including that
provision or portion of any provision, in any other jurisdiction. In addition, should a court or arbitrator determine that any provision or portion of any provision of this Agreement is not reasonable or valid, either in period of time, geographical
area, or otherwise, the parties hereto agree that such provision should be interpreted and enforced to the maximum extent which such court or arbitrator deems reasonable or valid. 
 9.6. Notice. Unless otherwise provided herein, all notices, requests and other communications provided for under the terms of this Agreement shall
be in writing. Any notice, request or other communication hereunder shall be sent by (i) personal delivery, (ii) facsimile during normal business hours, with confirmation of receipt, to the number indicated, (iii) reputable commercial
overnight delivery service courier or (iv) registered or certified mail, return receipt requested, postage prepaid, in each case addressed to the intended recipient as set forth below: 
  

	 	(a)	If to the Company, to: 

 Deltek Systems, Inc. 

13880 Dulles Corner Lane 
 Herndon, VA
20171 
 Attention: Chief Financial Officer and General Counsel 
 Facsimile: (703) 885-9838 
  

	 	(b)	With a copy to (which shall not constitute notice): 

 Fried, Frank, Harris, Shriver & Jacobson LLP 
 One New York Plaza 
 New York, New York 10004 
  

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 Facsimile: (212) 859-4000 
 Attention: Aviva F. Diamant, Esq. 
 (c) If to
the Optionee, at the most recent address and facsimile number contained in the Company’s records, and if to the Legal Representative, to such Person at the address of which the Company is notified in accordance with this Section 9.6.

 All such notices, requests and other communications shall be deemed to have been given when received. Any party may change its facsimile number or its
address to which notices, requests and other communications hereunder are to be delivered by giving the other parties hereto notice in the manner then set forth. 
 9.7. Binding Effect; Assignment; Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and any of their respective successors,
personal representatives and permitted assigns who agree in writing to be bound by the terms hereof. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by the Optionee without the prior written consent
of the Company. In addition, each of the NMP Entities shall be a third party beneficiary of this Agreement and shall be entitled to enforce this Agreement. In connection with the transfer of any securities of the Company held by an NMP Entity, each
NMP Entity shall be entitled to assign its rights hereunder to an Affiliate of such NMP Entity or a partner of such NMP Entity or Affiliate and, subject to such NMP Entities’ compliance with Section 3.3 of the Optionee Shareholders’
Agreement, if applicable, to a Third Party. 
 9.8. Amendments and Waivers. This Agreement and any of the provisions hereof
may be amended, waived (either generally or in a particular instance and either retroactively or prospectively), modified or supplemented, in whole or in part, only by written agreement signed by the Company and the Optionee; provided, that,
the observance of any provision of this Agreement may be waived in writing by the party that will lose the benefit of such provision as a result of such waiver. The waiver by any party hereto of a breach of any provision of this Agreement shall not
operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach, except as otherwise explicitly provided for in such waiver. Except as otherwise expressly provided herein, no failure on the
part of any party to exercise, and no delay in exercising, any right, power or remedy hereunder, or otherwise available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or partial exercise of such right,
power or remedy by such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. 
 9.9.
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 
 9.10. Entire Agreement. This Agreement and the Plan and, upon execution thereof, the Optionee Shareholders’ Agreement, constitute the
entire agreement, and supersede 

  

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all prior agreements and understandings, oral and written, between the parties hereto with respect to the Option granted hereby. 
 9.11. Withholding. The Company shall have the right to deduct from any amount payable under this Agreement any taxes or other amounts required by
applicable law to be withheld. The Optionee agrees to indemnify the Company against any federal, state and local withholding taxes for which the Company may be liable in connection with the Optionee’s acquisition, ownership or disposition of
any Common Stock. 
 9.12. General Interpretive Principles. Whenever used in this Agreement, except as otherwise expressly provided or
unless the context otherwise requires, any noun or pronoun shall be deemed to include the plural as well as the singular and to cover all genders. The headings of the sections, paragraphs, subparagraphs, clauses and subclauses of this Agreement are
for convenience of reference only and shall not in any way affect the meaning or interpretation of any of the provisions hereof. Unless otherwise specified, the terms “hereof,” “herein” and similar terms refer to this Agreement
as a whole (including the exhibits, schedules and disclosure statements hereto), and references herein to Sections refer to Sections of this Agreement. Words of inclusion shall not be construed as terms of limitation herein, so that references to
“include,” “includes” and “including” shall not be limiting and shall be regarded as references to non-exclusive and non-characterizing illustrations. 
 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. 
  

									
		 		 	DELTEK SYSTEMS, INC.
				
	  	 		 	By:	 	  
	[Director]	 		 		 	
		 		 		 	
					
	Date:	 	  	 		 	Date:	 	  

  

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