Document:

Exhibit 10.89

 Exhibit 10.89 
  
 SPECIAL TERMINATION AGREEMENT 
  

THIS SPECIAL TERMINATION AGREEMENT (the “Agreement”) is made as of the 21st day of March, between BearingPoint, Inc., a Delaware corporation
(the “Company”), and Harry L. You (the “Executive”) (collectively referred to as the “parties”). 
  
 WHEREAS, the Executive is currently serving as the Company’s Chief Executive Officer; and 
  
 WHEREAS, the Executive will develop an intimate knowledge of the business and
affairs of the Company, its policies, methods, personnel and plans for the future and has contacts of considerable value to the Company; and 
  
 WHEREAS, the Board of Directors of the Company (the “Board”) recognizes that the Executive’s contribution to the success of the Company
will be substantial and wishes to offer an inducement to the Executive to remain in the employ of the Company; 
  
 NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreements of the parties herein contained, the parties agree as
follows: 
  
 1. Term. The term of this Agreement (the
“Term”) shall continue until the earlier of (i) the expiration of the third anniversary of this Agreement (or if a Change of Control occurs during the Term, the second anniversary of the occurrence of a Change of Control),
(ii) the Executive’s death, or (iii) the Executive’s earlier voluntary termination (except for a termination as a result of any of the events described in Section 3(a)(3)); provided, however, that, on each anniversary date
of this Agreement or any extension thereof, this Agreement, the Term and the periods referenced in Section 3 shall automatically be extended for an additional year unless, not later than 90 calendar days prior to such anniversary date, the
Company shall have given written notice to the Executive that it does not wish to have the Term extended. 
  
 2. Definitions. 
  
 (a) Acquiring Person: An “Acquiring Person” shall mean any person (as defined in Section 2(d)(iv)) that, together with all
Affiliates and Associates of such person (as defined in Section 2(b)), is the beneficial owner of 20% or more of the outstanding common stock, par value $.01 per share, of the Company (“Common Stock”). The term “Acquiring
Person” shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, or any person holding Common Stock for or pursuant to the terms of any such plan. For the purposes
of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 20% or more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such 

 
person continues to be the beneficial owner of 20% or more of the outstanding Common Stock. 
  
 (b) Affiliate and Associate. “Affiliate” and “Associate” shall have the respective meanings
ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in effect on the date of this Agreement. 
  
 (c) Cause. For “Cause” shall mean that, during the Term, the
Executive shall have: 
  

	 	(i)	committed an intentional material act of fraud or embezzlement in connection with his duties or in the course of his employment with the Company; 

  

	 	(ii)	committed an intentional wrongful material damage to property of the Company; 

  

	 	(iii)	committed an intentional wrongful disclosure of material secret processes or material confidential information of the Company; or 

  

	 	(iv)	been convicted of a felony criminal offense. 

  
 For the purposes of this Agreement, no act, or failure to act, on the part of the Executive shall be deemed “intentional” unless done, or omitted to be done, by
the Executive in bad faith or with no reasonable belief that his act or omission was in the best interests of the Company. 
  
 (d) Change of Control. A “Change of Control” of the Company shall have occurred if at any time during the Term of this Agreement any of
the following events shall occur: 
  

	 	(i)	any consolidation, merger or other reorganization of the Company in which the Company is merged, consolidated or reorganized into or with another corporation or other legal person
or pursuant to which shares of the Company’s stock are converted into cash, securities or other property, other than a merger of the Company in which the holders of the Company’s Common Stock immediately prior to the merger own more than
50.1% of the common stock of the surviving corporation or its ultimate parent immediately after the merger; 

  

	 	(ii)	 any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company, and
as a result of such transaction the holders of the Company’s Common Stock immediately prior thereto own less 

	 	 
than 50.1% of the common stock of such transferee or its ultimate parent immediately after such transaction; 

  

	 	(iii)	any liquidation or dissolution of the Company or any approval by the stockholders of the Company of any plan or proposal for the liquidation or dissolution of the Company;

  

	 	(iv)	any person (including any “person” as such term is used in Section l3(d)(3) or Section l4(d)(2) of the Exchange Act) has become an Acquiring Person;

  

	 	(v)	if at any time the Continuing Directors then serving on the Board cease for any reason to constitute at least a majority thereof; or 

  

	 	(vi)	any occurrence that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A under the Exchange Act, or any successor rule or regulation.

  
 provided, however, that a Change of Control of the Company shall
not be deemed to have occurred as the result of any transaction having one or more of the effects specified in clauses (i)-(vi) above if such transaction is proposed by, and includes a significant equity participation (i.e., an aggregate of at
least 25% of the outstanding common equity securities of the Company immediately after such transaction which are entitled to vote to elect any class of Directors) of, the executive officers of the Company as constituted immediately prior to the
occurrence of such transaction or any Company employee stock ownership plan or pension plan. 
  
 (e) Code. The “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 (f) Continuing Director. A “Continuing Director” shall mean a Director of the Company who (i) is not an Acquiring Person, an
Affiliate or Associate of an Acquiring Person, a representative of an Acquiring Person or a person who was nominated for election by an Acquiring Person, and (ii) was either a member of the Board of Directors of the Company on the date of this
Agreement or subsequently became a Director of the Company and whose initial election or initial nomination for election by the Company’s stockholders was approved by at least two-thirds of the Continuing Directors then on the Board of
Directors of the Company. 
  
 (g) Employment Term. The
“Employment Term” shall be the period of employment under this Agreement commencing on the day prior to a Change of Control and continuing until the expiration of the Term of this Agreement. 
  
 (h) Severance Compensation. The “Severance Compensation”
shall be a lump sum amount equal to 299% of the sum of (A) the highest annual salary of the Executive in effect at any time during the Employment Term or the salary of the 

 
Executive in effect immediately prior to the Change of Control, whichever is the larger amount, plus (B) the bonus or incentive compensation of
the Executive, based upon the dollar amount of the largest of (i) the bonus or incentive compensation that the Executive received from the Company for the fiscal year preceding the year in which the Change of Control occurred, (ii) the
bonus or incentive compensation that the Executive received from the Company for the fiscal year preceding the year in which the Termination Date occurs, (iii) the bonus or incentive compensation that the Executive could have received based on
his maximum bonus or incentive compensation potential under the applicable Company plan for the fiscal year preceding the year in which the Change of Control occurred and (iv) the bonus or incentive compensation that the Executive could have
received based on his maximum bonus or incentive compensation potential under the applicable Company plan for the fiscal year preceding the year in which the Termination Date occurs. 
  
 (i) Term. The “Term” shall have the meaning specified in Section 1. 
  
 (j) Termination Date. The “Termination Date” shall be the
date upon which the Executive or the Company terminates the employment of the Executive. 
  
 3. Rights of Executive Upon Change of Control. 
  
 (a) The Company shall provide the Executive, within 10 days following the Termination Date, Severance Compensation in lieu of compensation to the Executive for periods subsequent to the Termination Date, but without
affecting any other rights of the Executive at law or in equity, if any of the following events occur: 
  
 (1) the Company terminates the Executive’s employment within two years after a Change of Control that occurs during the Term, other
than for either of the following reasons: 
  

	 	(i)	the Executive becomes permanently disabled and is unable to work for a period of 180 consecutive days; or 

  

	 	(ii)	for Cause; 

  
 (2) within six months prior to a Change of Control and in anticipation of a Change of Control, either (i) the Executive’s
employment is involuntarily terminated by the Company (except for Cause) or (ii) the Executive is assigned duties inconsistent with his then current position, duties, responsibilities and status with the Company (other than as a result of a
promotion or advancement), or there is otherwise an adverse change in the Executive’s salary, bonus or incentive compensation, the scope or value of the aggregate other monetary or non-monetary benefits to which the Executive was entitled from
the Company, the nature or scope of the authorities, functions or duties attached to the position then held by the Executive and the Executive terminates his employment, provided, however, that the Company may cure any matter referenced in this

 
clause (ii) within 15 days of receipt of Executive’s written notice to the General Counsel of the Company that a matter referenced in this clause
(ii) has occurred, which notice shall include a detailed description of the claimed matter; 
  
 (3) if the Executive terminates his employment during the Term but after a Change of Control, and at least one of the following events has
occurred: 
  

	 	(i)	the Executive is assigned duties inconsistent with his position, duties, responsibilities and status with the Company immediately prior to the Change of Control (other than as a
result of a promotion or advancement), or there is otherwise an adverse change in the nature or scope of the authorities, functions or duties attached to the position that the Executive held immediately prior to the Change of Control;

  

	 	(ii)	any reduction (a) in the Executive’s salary, bonus or incentive compensation (based upon the dollar amount of salary, bonus or incentive compensation that the Executive
received from the Company for the fiscal year preceding the year in which the Change of Control occurred or for the fiscal year preceding the year in which the Termination Date occurs, whichever is the larger amount), (b) in the maximum bonus
or incentive compensation potential of the Executive under the applicable Company plan for the fiscal year preceding the year in which the Change of Control occurred or for the fiscal year preceding the year in which the Termination Date occurs,
whichever is larger or (c) in the scope or value of the aggregate other monetary or non-monetary benefits to which the Executive was entitled from the Company immediately prior to the Change of Control; 

  

	 	(iii)	there is a significant or material change in the Executive’s reporting responsibilities (other than as a result of a promotion or advancement); or 

  

	 	(iv)	the Executive reasonably determines, in good faith, that as a result of a Change of Control, changes in the composition or policies of the Board, a change in circumstances affecting
his position, or other events of material effect, he is unable, or has been rendered substantially unable, to carry out the duties and responsibilities that he had with the Company immediately prior to the Change of Control or has otherwise been
substantially hindered in the performance of the authorities, functions or duties attached to his position immediately prior to the Change of Control. 

 (b) Continued Benefits. If any of the events specified in Sections 3(a)(1)-(3) occur, then
until the earlier of the second anniversary of the Termination Date or the date on which the Executive becomes employed by a new employer, the Company shall, at its expense, provide the Executive with medical, dental, life insurance, disability,
accidental death and dismemberment benefits and other welfare benefits (“Insurance Benefits”) at the highest level provided to the Executive immediately prior to the Change of Control, provided, however, that if the Executive becomes
employed by a new employer which maintains Insurance Benefits that either (i) do not cover the Executive with respect to a pre-existing condition which was covered under the Company’s Insurance Benefits, or (ii) do not cover the
Executive for a designated waiting period, the Executive’s coverage under the Company’s Insurance Benefits shall continue, without limitation, until the earlier of the end of the applicable period of noncoverage under the new
employer’s Insurance Benefits or the second anniversary of the Termination Date. 
  
 (c) Outplacement Counseling. If any of the events specified in Sections 3(a)(1)-(3) occur, the Company shall reimburse all reasonable expenses incurred by the Executive for professional outplacement
services by qualified consultants selected by the Executive. 
  
 (d) Payment of Earned But Unpaid Amounts. Within 10 days after any of the events specified in Sections 3(a)(1)-(3) has occurred, the Company shall pay the Executive any earned but unpaid portion of his salary, bonus or incentive
compensation or other compensation. 
  
 (e) Other Rights and
Benefits. The payment of Severance Compensation by the Company to the Executive shall not affect any other rights and benefits of the Executive provided by the Company, whether currently or in the future, prior to the Termination Date, which
rights shall be governed by the terms thereof. 
  
 (f) No
Set-Off or Counterclaim. The Company shall have no right of set-off or counterclaim in respect of any claim, debt or obligation against any payment or benefit to or for the benefit of the Executive provided for in this Agreement. 
  
 (g) Interest on Payments. Without limiting the rights of the Executive
at law or in equity, if the Company fails to make any payment required to be made hereunder on a timely basis, the Company shall pay interest on the amount thereof on demand at an annualized rate of interest equal to the Prime Rate as reported in
the Money Rates section of The Wall Street Journal (or in the successor to such section or, if there is no such successor section, the most comparable Prime Rate), compounded daily (but in no event shall such interest exceed the highest
lawful rate). 
  
 (h) Vesting of Stock Awards. If within
six months prior to a Change of Control and in anticipation of a Change of Control, the Executive’s employment is involuntarily terminated by the Company (except for Cause) or if any of the events in Section 3(a)(2)(ii) of this Agreement
occur and Executive terminates his employment, all 

 
stock option grants, awards of restricted stock or restricted stock units, and all other forms of stock awards previously granted to the Executive shall vest
immediately and be nonforfeitable. 
  
 4. Gross-up.

  
 (a) If it is determined that any payment, benefit or
distribution (or combination thereof) by the Company, or by any trust established by the Company for the benefit of its employees, to or for the benefit of the Executive (whether payable pursuant to the terms of this Agreement or otherwise (a
“Payment”)) would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code, or any successor provision, and any interest or penalties are incurred by the Executive with respect to such excise tax (the excise
tax, together with interest and penalties thereon, hereinafter collectively referred to as the “Excise Tax”), the Executive shall be entitled to receive an additional payment (a “Gross-up Payment”) in an amount such that after
payment by the Executive of all taxes, including, without limitation, any income taxes and the Excise Tax imposed upon the Gross-up Payment, the Executive shall retain an amount of the Gross-up Payment equal to the Excise Tax imposed upon the
Payment. 
  
 (b) Subject to the provisions of Section 4(c),
all determinations required to be made under this Section 4, including whether and when a Gross-up Payment is required and the amount of such Gross-up Payment and the assumptions to be utilized in arriving at such determination, shall be made
by such nationally recognized certified public accounting firm or law firm as may be designated by the Executive (the “Firm”). All fees and expenses of the Firm shall be borne solely by the Company. Any Gross-up Payment, as determined
pursuant to this Section 4, shall be paid by the Company to the Executive within five days after the receipt of the Firm’s determination. If the Firm determines that no Excise Tax is payable by the Executive, it shall so indicate to the
Executive in writing. Any determination by the Firm shall be binding upon the Company and the Executive. 
  
 (c) The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the
Company of a Gross-up Payment. Such notification shall be given no later than 10 business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of the claim and the date of requested payment. The
Executive shall not pay the claim prior to the expiration of the 30-day period following the date on which it gives notice to the Company. If the Company notifies the Executive in writing prior to the expiration of the period that it desires to
contest such claim, the Executive shall: 
  
 (1) give the Company
any information reasonably requested by the Company relating to such claim; 
  
 (2) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without limitation, accepting legal representation with respect to such
claim by an attorney reasonably selected by the Company; 

 (3) cooperate with the Company in good faith in order to effectively contest such claim; and 

 
 (4) permit the Company to participate in any proceedings relating to such
claim. 
  
 Without limitation on the foregoing provisions of this
Section 4(c), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forego any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in
respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees to prosecute such contest to a determination before
any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts as the Company shall direct, provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest
and penalties) incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result of the
contest; and provided further, that if the Company directs the Executive to pay any claim and sue for a refund, the Company shall advance the amount of the payment to the Executive, on an interest-free basis, and shall indemnify and hold the
Executive harmless, on an after-tax basis, from any Excise Tax or income tax (including interest or penalties with respect thereto) imposed with respect to the advance or with respect to any imputed income with respect to the advance. 
  
 (d) If the Company exhausts its remedies pursuant to Section 4(c) and
the Executive thereafter is required to make a payment of any Excise Tax, the Firm shall determine the amount of the Gross-up Payment required, and such payment shall be promptly paid by the Company to or for the benefit of the Executive.

  
 (e) If, after the receipt by the Executive of an amount
advanced by the Company pursuant to Section 4(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall promptly pay to the Company the amount of such refund (together with any interest paid or
credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 4(c), a determination is made that the Executive is not entitled to any refund with respect to
such claim, and the Company does not notify the Executive in writing of its intent to contest such denial of refund within 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of
such advance shall offset, to the extent thereof, the amount of the Gross-up Payment required to be paid. 
  
 5. No Mitigation Required. In the event that this Agreement or the employment of the Executive is terminated, the Executive shall not be obligated
to mitigate his damages or the amount of any payment provided for in this Agreement by 

 
seeking other employment or otherwise, and except for the termination of benefits pursuant to Section 3(b), the acceptance of employment elsewhere after
termination shall in no way reduce the amount of Severance Compensation payable hereunder. 
  
 6. Successors; Binding Agreement. 
  
 (a) The Company will require any successor and any corporation or other legal person (including any “person” as defined in Section 2(d)(iv) of this Agreement) which is in control of such successor (as
“control” is defined in Regulation 230.405 or any successor rule or regulation promulgated under the Securities Act of 1933, as amended) to all or substantially all of the business and/or assets of the Company (by purchase, merger,
consolidation or otherwise), by agreement in form and substance reasonably satisfactory to the Executive, to expressly assume 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. Failure of the Company to obtain such agreement prior to the effectiveness of any such succession shall be a material breach of this Agreement by the Company. Notwithstanding the foregoing, any such
assumption shall not in any way affect or limit the liability of the Company under the terms of this Agreement or release the Company from any obligation hereunder. As used in this Section 6, “Company” shall mean the Company and any
successor to its business and/or all or substantially all of its assets which executes and delivers the agreement provided for in this Section 6 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of
law. 
  
 (b) This Agreement and all rights of the Executive
hereunder shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
  
 7. Indemnification; Director’s and Officer’s Liability
Insurance. The Executive shall, after a Change of Control, retain all rights to indemnification under applicable law or under the Company’s Certificate of Incorporation or Bylaws, as they may be amended or restated from time to time. In
addition, the Company shall maintain director’s and officer’s liability insurance on behalf of the Executive, at the level in effect immediately prior to the Change of Control, for the five years following the Change of Control.

 8. Notice. For purposes of this Agreement, notices and all other communications provided for in
the Agreement shall be in writing and shall be deemed to have been duly given when delivered or received after being mailed by United States registered mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	 If to the Company:
	  	 BearingPoint, Inc.
 1676 International
Drive
 McLean, Virginia 22102
 Attn: General
Counsel

		
	 If to the Executive:
	  	 Harry L. You
 [Address]

  
 or to such other address as any party
may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 
  
 9. Miscellaneous. No provisions of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to
in a writing signed by the Executive and the Company. No waiver by either party of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, unless specifically referred to herein with respect to the subject matter of this Agreement have been made by either
party which are not set forth expressly in this Agreement. The validity, interpretation, construction and performance of this Agreement shall be governed by the substantive laws of the State of Delaware, without regard to its principles of conflicts
of law. 
  
 10. Validity. The invalidity or
unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
  
 11. Counterparts. This Agreement may be executed in several
counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. 
  
 12. Employment Rights. Nothing in this Agreement shall create any express or implied right or duty on the part of the Company or the Executive to
have the Executive remain in the employment of the Company prior to or after any Change of Control. 
  
 13. Withholding of Taxes. The Company may withhold from any amounts payable under this Agreement all federal, state, local or other taxes as shall
be required by law. 
  
 14. Disputes. Any dispute or
controversy arising under or in connection with this Agreement shall be resolved, at the sole option of the Executive, either by litigation or by arbitration in accordance with the Rules of the American Arbitration Association then in effect.
Judgment may be entered on an arbitrator’s award relating to this Agreement in 

 
any court having jurisdiction. The exclusive venue for such litigation or arbitration shall, at the sole option of the Executive, be in McLean, Virginia or
the county where the Executive then resides. 
  
 15. Legal Fees
and Expenses. It is the intent of the Company that the Executive not be required to incur the expenses associated with the enforcement of his rights under this Agreement by litigation or other legal action because the cost and expense thereof
would substantially detract from the benefits intended to be extended to the Executive in this Agreement. Accordingly, if it should appear to the Executive that the Company has failed to comply with any of its obligations under the Agreement or in
the event that the Company or any other person takes any action to declare the Agreement void or unenforceable, or institutes any litigation designed to deny, or to recover from, the Executive the benefits intended to be provided to the Executive
hereunder, the Company irrevocably authorizes the Executive from time to time to retain counsel of his choice, at the expense of the Company as hereafter provided, to represent the Executive in connection with the initiation or defense of any
litigation or other legal action, whether by or against the Company or any director, officer, stockholder or any other person, in any jurisdiction. The Company shall pay, within 10 days of a written request by the Executive, and be solely
responsible for, any and all attorneys’ and related fees and expenses incurred by the Executive as a result of any actual or threatened litigation or other legal action relating to this Agreement or any provision thereof or as a result of the
Company or any person raising any issue with respect to this Agreement or any provision thereof, including without limitation, contesting the validity or enforceability of this Agreement or any provision thereof. 
  
 16. Rights and Remedies Cumulative. No right or remedy conferred upon
or reserved to the Executive is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy under this Agreement, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy.

 IN WITNESS WHEREOF, the parties have executed this Agreement effective on the day and year first above
written. 
  

			
	BEARINGPOINT, INC.
		
	By:	 	 /s/ Roderick C. McGeary

	Its:	 	Chairman and Chief Executive Officer

  

	
	EXECUTIVE:
	
	 /s/ Harry L. You

	Harry L. YouExhibit 10.90

 Exhibit 10.90 
  
 BEARINGPOINT, INC. 
  
 STOCK OPTION AGREEMENT 
  
 BearingPoint, Inc., a Delaware corporation (the “Company”), hereby grants to Harry L. You (the “Optionee”), pursuant to
the award notice attached hereto (the “Award Notice”) as of the date set forth in the Award Notice (the “Option Date”), a non-statutory Common Stock option to purchase from the Company the number of shares of its
common stock, $0.01 par value (“Common Stock”), set forth in the Award Notice (the “Option”), at the price per share set forth in the Award Notice, upon and subject to the terms and conditions set forth below and in
the Award Notice. 
  
 1. Option Subject to Acceptance of
Agreement. The Option shall be null and void unless the Optionee accepts this Agreement by executing the Award Notice in the space provided therefor and returning an original execution copy of the Award Notice to the Company. 
  
 2. Time and Manner of Exercise of Option. 
  
 2.1. Maximum Term of Option. In no event may the Option be exercised,
in whole or in part, after the expiration date set forth in the Award Notice (the “Expiration Date”). 
  
 2.2. Exercise of Option. (a) The Option shall become exercisable in accordance with the exercise schedule set forth in the Award Notice (the
“Exercise Schedule”). 
  
 (b) If the
Optionee’s employment with the Company terminates by reason of Disability, the Option shall be exercisable in full and may thereafter be exercised by the Optionee or the Optionee’s Legal Representative until and including the Expiration
Date. 
  
 (c) If the Optionee’s employment with the Company
terminates by reason of Retirement, the Option shall continue to vest in accordance with the vesting schedule set forth in the Award Notice and may thereafter be exercised by the Optionee or the Optionee’s Legal Representative until and
including the earlier to occur of (i) the date which is one year after the Optionee’s date of death, provided the Optionee dies following termination of active employment by reason of Retirement, and (ii) the Expiration Date.

  
 (d) If the Optionee’s employment with the Company
terminates by reason of death, the Option shall be exercisable in full and may thereafter be exercised by the Optionee’s Legal Representative or Permitted Transferees, as the case may be, until and including the Expiration Date. 
  
 (e) If the Optionee’s employment with the Company terminates for any
reason other than Disability, Retirement or death, the Option shall be exercisable only to the extent it is exercisable on the effective date of the Optionee’s termination of employment and may thereafter be exercised by the Optionee or the
Optionee’s Legal Representative until and including the earlier to occur of (i) the date which is three months after the effective date of the Optionee’s termination of employment and (ii) the Expiration Date , provided,
however, that on 

 
the termination of the Optionee’s employment by the Company without Cause or by the Optionee for Good Reason, the next portion of the Option that is
scheduled to vest shall vest on the date of the Executive’s termination. 
  
 (f) If the Optionee dies during the period set forth in Section 2.2(b) following termination of employment by reason of Disability, or if the Optionee dies during the period set forth in Section 2.2(e)
following termination of employment for any reason other than Disability or Retirement, the Option shall be exercisable only to the extent it is exercisable on the date of death and may thereafter be exercised by the Optionee’s Legal
Representative or Permitted Transferees, as the case may be, until and including the earlier to occur of (i) the date which is one year after the date of death and (ii) the Expiration Date. 
  
 (g) Notwithstanding Sections 2.1 and 2.4 and the exercise periods set forth
in the Award Notice and in subsections (b), (c), (d), (e) and (f) of this Section 2.2, in the event the Company is involved in a business combination, including a business combination which is intended to be treated as a pooling of
interests for financial accounting purposes (a “Pooling Transaction”), in connection with which the Optionee receives a substitute option to purchase securities of any entity, including an entity directly or indirectly acquiring the
Company: 
  
 (1) if the acquisition of the
substitute option by the Optionee may be treated as a purchase for purposes of Section 16(b) of the Exchange Act and the Optionee’s employment with the Company is terminated for any reason during the nine-month period beginning three
months prior to the consummation of such business combination, then the Option (or option in substitution thereof) shall be exercisable to the extent set forth in the Award Notice and above in this Section 2.2 until and including the latest to
occur of (i) the date determined pursuant to the then applicable subsection (b), (c), (d), (e) or (f) of this Section 2.2, (ii) the date which is seven months after the consummation of such business combination and
(iii) the Expiration Date; or 
  
 (2) if the
Optionee is restricted from disposing of a security (or security underlying a security) issued in connection with the Pooling Transaction and the purpose of such restriction is to ensure that the Pooling Transaction is accounted for as a pooling of
interests (the “Pooling Restriction”) and the Optionee’s employment with the Company is terminated for any reason during the nine-month period beginning three months prior to the consummation of such business combination, then
the Option (or option in substitution thereof) shall be exercisable to the extent set forth in the Award Notice and above in this Section 2.2 until and including the latest to occur of (i) the date determined pursuant to the then
applicable subsection (b), (c), (d), (e) or (f) of this Section 2.2, (ii) the date which is one month after the date of expiration of the Pooling Restriction and (iii) the Expiration Date. 
  
 (h) Change in Control 
  
 (1) In the event of a Change in Control in connection with
which the holders of Common Stock receive shares of common stock that are registered under Section 12 of the Exchange Act, this Option shall immediately become exercisable in full and there shall be substituted for each share of Common Stock
available under this Option, the 

  

 2 

 
number and class of shares into which each outstanding share of Common Stock shall be converted pursuant to such Change in Control. In the event of any such
substitution, the purchase price per share shall be appropriately adjusted by the Compensation Committee of the Board (the “Committee”) whose determination shall be final, binding and conclusive, such adjustments to be made without an
increase in the aggregate purchase price or base price. 
  
 (2) In the event of any Change in Control other than a Change in Control in connection with which the holders of Common Stock receive shares of common stock that are registered under Section 12 of the Exchange
Act, the Option shall immediately become exercisable in full and shall be surrendered to the Company by the Optionee, the Option shall immediately be cancelled by the Company, and the Optionee shall receive, within 10 days of the occurrence of a
Change in Control, a cash payment from the Company in an amount equal to the number of shares of Common Stock then subject to the Option, multiplied by the excess, if any, of the greater of (A) the highest per share price offered to Common
Stockholders of the Company in the transaction whereby the Change in Control took place or (B) the Fair Market Value of a share of Common Stock on the date of occurrence of the Change in Control, over the purchase price per share of Common
Stock subject to the Option. The Company shall cooperate with the Optionee to assure that any cash payment in accordance with the foregoing is made in compliance with Section 16 of the Exchange Act and the rules and regulations thereunder.

  
 (3) “Change in Control” shall mean:

  
 (A) a sale or transfer of all or
substantially all of the assets of the Company on a consolidated basis in any transaction or series of related transactions; 
  
 (B) any merger, consolidation or reorganization to which the Company is a party, except for a merger, consolidation or reorganization in
which the Company is the surviving corporation and, after giving effect to such merger, consolidation or reorganization, the holders of the Company’s outstanding equity (on a fully diluted basis) immediately prior to the merger, consolidation
or reorganization will own in the aggregate immediately following the merger, consolidation or reorganization the Company’s outstanding equity (on a fully diluted basis) either (i) having the ordinary voting power to elect a majority of
the members of the Company’s board of directors to be elected by the holders of Common Stock and any other class which votes together with the Common Stock as a single class or (ii) representing at least 50% of the equity value of the
Company as reasonably determined by the Board; 
  
 (C) individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of such Board; provided, however, that any individual who becomes
a director of the Company subsequent to the date hereof whose election, or nomination for election by the holders of the Company’s equity, was approved by the vote of at least a majority of the directors then comprising the Incumbent Board
shall be deemed to have been a member of the Incumbent Board; and provided further, that no individual who was initially elected as a director of the Company as a result of an actual or threatened solicitation by any 

  

 3 

 
individual, entity or group (a “Person”) other than the Board, including any “person” within the meaning of Section 13(d) of
the Exchange Act , for the purpose of opposing a solicitation by any other Person with respect to the election or removal of directors, or any other actual or threatened solicitation of proxies or consents by or on behalf of any Person other than
the Board shall be deemed to have been a member of the Incumbent Board; or 
  
 (D) any Person acquires beneficial ownership of 30% or more of the outstanding equity of the Company generally entitled to vote on the election of directors. 
  
 2.3. Method of Exercise. Subject to the limitations set forth in this
Agreement, the Option may be exercised by the Optionee (a) by giving written notice to the Company specifying the number of whole shares of Common Stock to be purchased and by accompanying such notice with payment therefore in full (or by
arranging for such payment to the Company’s satisfaction) either (i) in cash, (ii) by delivery to the Company (either actual delivery or by attestation procedures established by the Company) of Mature Shares having an aggregate Fair
Market Value, determined as of the date of exercise, equal to the aggregate purchase price payable pursuant to the Option by reason of such exercise, (iii) in cash by a broker-dealer acceptable to the Company to whom the Optionee has submitted
an irrevocable notice of exercise or (iv) by a combination of (i) and (ii), and (b) by executing such documents as the Company may reasonably request. The Company shall have sole discretion to disapprove of an election pursuant to any
of clauses (ii) - (iv). Any fraction of a share of Common Stock which would be required to pay such purchase price shall be disregarded and the remaining amount due shall be paid in cash by the Optionee. No certificate representing a share of Common
Stock shall be delivered until the full purchase price therefore and any withholding taxes thereon, as described in Section 3.3, have been paid. 
  
 2.4. Termination of Option. (a) Subject to Section 2.2(g), in no event may the Option be exercised after it terminates as set forth in
this Section 2.4. The Option shall terminate, to the extent not earlier terminated pursuant to Sections 2.2 or 2.5 or exercised pursuant to Section 2.3, on the Expiration Date. 
  
 (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are
exercised, cancelled or forfeited, the Optionee shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be; provided, however, that such cancellation shall
be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee’s delivery of this Agreement to the
Company, either (i) mark this Agreement to indicate the extent to which the Option has expired or been exercised, cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement
shall otherwise be substantially similar to this Agreement in form and substance. 
  
 2.5. Termination of Option and Forfeiture of Option Gain. (a) If the Optionee: 
  

	 	(1)	 breaches any covenant concerning confidentiality or intellectual property or concerning noncompetition or nonsolicitation of clients, 

  

 4 

	 	 
prospective clients or personnel of the Company and its affiliates to which the Optionee is or may become a party in the future; or

  

	 	(2)	is terminated for “Cause,” as defined in Section 4.3; 

  
 then, in addition to and without in any way limiting any remedies under any of the covenants described above in this Section 2.5(a) or otherwise and any other
provable damages, the Option shall terminate automatically (if not previously terminated) on the date the Optionee commits such breach or is terminated for “Cause” and the Optionee shall pay the Company, within five business days of
receipt by the Optionee of a written demand therefore, an amount in cash determined by multiplying the number of shares of Common Stock purchased pursuant to each exercise of the Option occurring within three months prior to the date the Optionee
commits such breach or is terminated for “Cause” (without reduction for any shares of Common Stock delivered by the Optionee or withheld by the Company pursuant to Section 2.3 or Section 3.3) by the difference between
(i) the Fair Market Value of a share of Common Stock on the date of such exercise and (ii) the purchase price per share of Common Stock set forth in the Award Notice. 
  
 (b) The Optionee may be released from the Optionee’s obligations under Section 2.5(a) only if and to the extent
the Committee determines in its sole discretion that such a release is in the best interests of the Company. 
  
 (c) The Optionee agrees that by executing the Award Notice the Optionee authorizes the Company and its Subsidiaries to deduct any amount or amounts owed
by the Optionee pursuant to Section 2.5(a) from any amounts payable by the Company or any Subsidiary to the Optionee, including, without limitation, any amount payable to the Optionee as salary, wages, vacation pay or bonus. This right of
setoff shall not be an exclusive remedy and the Company’s or a Subsidiary’s election not to exercise this right of setoff with respect to any amount payable to the Optionee shall not constitute a waiver of this right of setoff with respect
to any other amount payable to the Optionee or any other remedy. 
  
 3. Additional Terms and Conditions of Option. 
  
 3.1. Nontransferability of Option. The Option may not be transferred by the Optionee other than by will or the laws of descent and distribution or pursuant to beneficiary designation procedures approved by the Company. Except to the
extent permitted by the foregoing sentence, during the Optionee’s lifetime the Option is exercisable only by the Optionee or the Optionee’s Legal Representative. Except to the extent permitted by the second preceding sentence, the Option
may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign,
pledge, hypothecate, encumber or otherwise dispose of the Option, the Option and all rights hereunder shall immediately become null and void. 
  
 3.2. Investment Representation. The Optionee hereby represents and covenants that (a) any shares of Common Stock purchased upon exercise of
the Option will be purchased for investment and not with a view to the distribution thereof within the meaning of the Securities Act unless such purchase has been registered under the Securities Act and any 

  

 5 

 
applicable state securities laws; (b) any subsequent sale of any such shares shall be made either pursuant to an effective registration statement under
the Securities Act and any applicable state securities laws, or pursuant to an exemption from registration under the Securities Act and such state securities laws; and (c) if requested by the Company, the Optionee shall submit a written
statement, in a form satisfactory to the Company, to the effect that such representation (x) is true and correct as of the date of any purchase of any shares hereunder or (y) is true and correct as of the date of any sale of any such
shares, as applicable. As a further condition precedent to any exercise of the Option, the Optionee shall comply with all regulations and requirements of any regulatory authority having control of or supervision over the issuance or delivery of the
shares and, in connection therewith, shall execute any documents which the Board or the Committee shall in its sole discretion deem necessary or advisable. 
  
 3.3. Withholding Taxes. (a) As a condition precedent to the delivery of Common Stock upon exercise of the Option, the Optionee shall, upon
request by the Company, pay to the Company in addition to the purchase price of the shares, such amount as the Company may be required, under all applicable federal, state, local or other laws or regulations, to withhold and pay over as income or
other withholding taxes (the “Required Tax Payments”) with respect to such exercise of the Option. If the Optionee shall fail to advance the Required Tax Payments after request by the Company, the Company may, in its discretion,
deduct any Required Tax Payments from any amount then or thereafter payable by the Company to the Optionee. 
  
 (b) The Optionee may elect to satisfy his or her obligation to advance the Required Tax Payments by any of the following means: (1) a cash payment to
the Company, (2) delivery to the Company (either actual delivery or by attestation procedures established by the Company) of Mature Shares having an aggregate Fair Market Value, determined as of the Tax Date, equal to the Required Tax Payments,
(3) authorizing the Company to withhold whole shares of Common Stock which would otherwise be delivered to the Optionee upon exercise of the Option having an aggregate Fair Market Value, determined as of the Tax Date, equal to the Required Tax
Payments, (4) a cash payment by a broker-dealer acceptable to the Company to whom the Optionee has submitted an irrevocable notice of exercise or (5) any combination of (1), (2) and (3). The Company shall have sole discretion to
disapprove of an election pursuant to any of clauses (2) - (5). Shares of Common Stock to be delivered or withheld may not have a Fair Market Value in excess of the minimum amount of the Required Tax Payments. Any fraction of a share of Common Stock
which would be required to satisfy any such obligation shall be disregarded and the remaining amount due shall be paid in cash by the Optionee. No certificate representing a share of Common Stock shall be delivered until the Required Tax Payments
have been satisfied in full. 
  
 3.4. Tax Reporting and Payment
Liability. The Company will assess its Required Tax Payments’ withholding and reporting requirements, in connection with the Option, including the grant, vesting or exercise of the Option or sale of shares acquired pursuant to such
exercise. These requirements may change from time to time as laws or interpretations change. Regardless of the Company’s actions with respect to Required Tax Payments, the Optionee hereby acknowledges and agrees that the ultimate liability for
any and all Required Tax Payments is and remains his or her responsibility and liability and that the Company (i) makes no representations nor undertakings regarding treatment of any Required Tax Payments in 

  

 6 

 
connection with any aspect of the Option grant, including the grant, vesting or exercise of the Option and the subsequent sale of shares acquired pursuant to
such exercise; and (ii) does not commit to structure the terms of the grant or any aspect of the Option to reduce or eliminate the Optionee’s liability regarding Required Tax Payments. 
  
 3.5. Adjustment. In the event of any Common Stock split, reverse
Common Stock split, Common Stock dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Common
Stock other than a regular cash dividend, the number and class of securities subject to the Option and the purchase price per security shall be appropriately adjusted by the Committee without an increase in the aggregate purchase price. If any
adjustment would result in a fractional security being subject to the Option, the Company shall pay the Optionee, in connection with the first exercise of the Option occurring after such adjustment, an amount in cash determined by multiplying
(i) the fraction of such security (rounded to the nearest hundredth) by (ii) the excess, if any, of (A) the Fair Market Value on the exercise date over (B) the exercise price of the Option. The decision of the Committee regarding
any such adjustment shall be final, binding and conclusive. 
  
 3.6. Compliance with Applicable Law. The Option is subject to the condition that if the listing, registration or qualification of the shares subject to the Option upon any securities exchange or under any law, or the consent or
approval of any governmental body, or the taking of any other action is necessary or desirable as a condition of, or in connection with, the purchase or delivery of shares hereunder, the Option may not be exercised, in whole or in part, and such
shares may not be delivered, unless such listing, registration, qualification, consent, approval or other action shall have been effected or obtained, free of any conditions not acceptable to the Company. The Company agrees to use reasonable efforts
to effect or obtain any such listing, registration, qualification, consent, approval or other action. 
  
 3.7. Delivery of Certificates. Upon the exercise of the Option, in whole or in part, the Company shall deliver or cause to be delivered, subject to
the conditions of this Article 3, one or more certificates representing the number of shares purchased against full payment therefore. The Company shall pay all original issue or transfer taxes and all fees and expenses incident to such delivery,
except as otherwise provided in Section 3.3. Alternatively, in the Company’s sole discretion, the Company may transfer title or ownership of shares acquired upon exercise of the Option under the Company’s procedures through its
transfer agent. 
  
 3.8. Option Confers No Rights as Common
Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Common Stock subject to the Option until purchased and title or ownership of shares has been transferred to the Optionee under the
Company’s procedures through its transfer agent. The Optionee shall not be considered a Common Stockholder of the Company with respect to any such shares not so purchased. 
  
 3.9. Acknowledgement and Waiver. By executing the Award Notice and accepting the grant of the Option evidenced by the
Award Notice and this Agreement, the Optionee acknowledges that: (i) the grant of the Option is voluntary and occasional and does not create any contractual or other right to receive future grants of Options, or benefits in lieu of 

  

 7 

 
Options even if Options have been granted repeatedly in the past; (ii) all decisions with respect to any such future grants will be at the sole
discretion of the Company; (iii) the Optionee’s receipt of the Option shall not create a right to further employment with the Company and shall not interfere with the ability of the Company to terminate the Optionee’s employment
relationship at any time with or without cause; (iv) the Option is not part of normal or expected compensation or salary for any purposes, including but not limited to, calculating any severance, resignation, termination, redundancy, end of
service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (v) the future value of the underlying shares is unknown and cannot be predicted with certainty; (vi) if the Optionee exercises his or her
Option and obtains shares, the value of those shares acquired upon exercise may increase or decrease in value, even below the option price; (vii) if the underlying shares do not increase in value, the Option will have no value; and (x) no
claim or entitlement to compensation or damages arises from termination of the Options or diminution in value of the Option or shares of Common Stock purchased through exercise of the Option and the Optionee irrevocably releases the Company and its
Affiliates from any such claim that may arise. 
  
 3.10.
Decisions of Board or Committee. The Board or the Committee shall have the right to resolve all questions which may arise in connection with the Option or its exercise. Any interpretation, determination or other action made or taken by the
Board or the Committee regarding this Agreement shall be final, binding and conclusive. 
  
 3.11. Company to Reserve Shares. The Company shall at all times prior to the expiration or termination of the Option reserve and keep available, either in its treasury or out of its authorized but unissued
shares of Common Stock, the full number of shares of Common Stock subject to the Option from time to time. 
  
 4. Miscellaneous Provisions. 
  
 4.1. Employment Letter. In the event of a conflict between the provisions of this Agreement and the provisions of the employment letter entered
into by the Optionee and the Company on March 17, 2005 (the “Employment Letter”), the Employment Letter shall control. 
  
 4.2. Designation as Non-Statutory Common Stock Option. The Option is hereby designated as not constituting an Incentive Common Stock Option. This
Agreement shall be interpreted and treated consistently with such designation. 
  
 4.3. Meaning of Certain Terms. (a) As used herein, employment by the Company shall include employment by a subsidiary of the Company. 
  
 (b) As used herein, the following terms shall have the meanings set forth below: 
  
 “Board” shall mean the Board of Directors
of the Company. 
  
 “Cause”
shall mean the occurrence, failure to cause the occurrence or failure to cure after the occurrence (when a cure is permitted), as the case may be, of any of the following circumstances after the Optionee’s receipt of written notification from
the General Counsel which includes a detailed description of the claimed circumstance: (i) the Optionee’s embezzlement, misappropriation of corporate funds, or the Optionee’s 

  

 8 

 
material acts of dishonesty; (ii) the Optionee’s commission or conviction of any felony or of any misdemeanor involving moral turpitude, or entry
of a plea of guilty or nolo contendre to any felony or misdemeanor involving moral turpitude; (iii) the Optionee’s engagement, without a reasonable belief that his action was in the best interests of the Company, in any activity that could
harm the business or reputation of the Company in a material manner; (iv) the Optionee’s willful failure to adhere to the Company’s material corporate codes, policies or procedures that have been communicated to him; (v) the
Optionee’s material breach of any provision of the Managing Director Agreement or the Employment Letter, as defined in Section 4.1; or (vi) the Optionee’s violation of any statutory or common law duty or obligation to the
Company, including, without limitation, the duty of loyalty, provided, however, that in the case of subsections (iii), (iv), (v) and (vi), the Company shall provide the Optionee with the opportunity to cure any Cause event during the 15-day
period after his receipt of written notice describing the Cause event, provided, however, that a Cause event shall be considered to be cured only if all adverse consequences of the Cause event have been fully remedied. 
  
 “Code” shall mean the Internal Revenue Code
of 1986, as amended. 
  
 “Disability” shall mean the inability of the Optionee to perform substantially his duties and responsibilities for a continuous period of at least six months, as determined solely by the Committee. 
  
 “Exchange Act” shall mean the Securities
Exchange Act of 1934, as amended. 
  
 “Fair Market Value” shall mean the last sale price of a share of Common Stock as reported on the New York Stock Exchange on the date as of which such value is being determined or, if there shall be no reported transactions
on such date, on the next preceding date for which a transaction was reported; provided, however, that if the Common Stock is not traded on the New York Stock Exchange, Fair Market Value may be determined by the Committee by whatever
means or method as the Committee, in the good faith exercise of its discretion, shall at such time deem appropriate. 
  
 “Good Reason” shall mean the occurrence or failure to cause the occurrence, as the case may be, without the
Optionee’s express written consent, of any of the following circumstances for more than 15 days after receipt by the General Counsel of the Company of the Optionee’s written notification and description of the claimed circumstance:
(i) any adverse change in the Optionee’s then positions, titles or reporting obligations, or a material diminution of the Optionee’s duties, responsibilities or authority (including, without limitation, a failure to elect the
Optionee, or nominate the Optionee for re-election, to the Board) or the assignment to the Optionee of duties or responsibilities that are materially adversely inconsistent with the Optionee’s position, (ii) a relocation of the
Company’s principal executive office to any location outside the continental United States or a relocation of the Optionee’s office away from the Company’s principal executive office, (iii) any material breach by the Company of
any provision of the Employment Letter or the Managing Director Agreement or Special Termination Agreement, or (iv) the failure of any successor to the Company (whether direct or indirect and whether by merger, acquisition, consolidation or
otherwise) to 

  

 9 

 
assume in a writing delivered to the Optionee upon the successor becoming such, the obligations of the Company under the Employment Letter, provided,
however, that this clause shall not apply if the transaction results in the successor becoming legally required to fulfill the obligations of the Company under the Employment Letter, whether by operation of law or otherwise. 
  
 “Legal Representative” shall include an
executor, administrator, legal representative, guardian or similar person. 
  
 “Managing Director Agreement” shall mean the Managing Director Agreement entered into by the Optionee and the Company on March 17, 2005. 
  
 “Mature Shares” shall mean
previously-acquired shares of Common Stock for which the holder thereof has good title, free and clear of all liens and encumbrances and which such holder either (i) has held for at least six months or (ii) has purchased on the open
market. 
  
 “Permitted
Transferee” shall include any transferee designated as the Optionee’s beneficiary in the event of the Optionee’s death pursuant to beneficiary designation procedures approved by the Company. 
  
 “Retirement” shall mean the date as of
which the Optionee’s age and service with the Company and its affiliates equals or exceed 70 years (using whole years and full calendar months). 
  
 “Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations thereunder. 

 
 “Special Termination Agreement” shall
mean the special termination agreement entered into by the Optionee and the Company on March 17, 2005. 
  
 “Subsidiary” shall mean any subsidiary corporation (other than the Company) in an unbroken chain of corporations
beginning with the Company, as described in Section 424(f) of the Code. 
  
 “Tax Date” shall mean the date the obligation to withhold or pay taxes arises in connection with the Option. 
  
 4.4. Successors. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company and any person or
persons who shall, upon the death of the Optionee, acquire any rights hereunder in accordance with this Agreement. 
  
 4.5. Notices. All notices, requests or other communications provided for in this Agreement shall be made, if to the Company, (a) with respect
to any exercise notices or administrative notices, to BearingPoint, Inc., c/o Morgan Stanley, Stock Plan Administration, Harborside Financial Center, Plaza Three, 1st Floor, Jersey City, NJ 07311, and (b) with respect to all other notices, to
BearingPoint, Inc., c/o General Counsel, 1676 International Drive, McLean, VA 22101, and if to the Optionee, to the last known mailing address of the Optionee 

  

 10 

 
contained in the records of the Company. All notices, requests or other communications provided for in this Agreement shall be made in writing either
(a) by personal delivery, (b) by facsimile with confirmation of receipt, (c) by mailing in the United States mails or (d) by express courier service. The notice, request or other communication shall be deemed to be received
upon personal delivery, upon confirmation of receipt of facsimile transmission or upon receipt by the party entitled thereto if by United States mail or express courier service; provided, however, that if a notice, request or other
communication sent to the Company is not received during regular business hours, it shall be deemed to be received on the next succeeding business day of the Company. 
  
 4.6. Governing Law. This Agreement, the Option and all determinations made and actions taken pursuant hereto and
thereto, to the extent not governed by the Code or the laws of the United States, shall be governed by the laws of the Commonwealth of Virginia and construed in accordance therewith without giving effect to principles of conflicts of laws.

  

 11

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