Document:

exv10w3

 

Exhibit 10.3

AVANADE INC.

AVANADE VALUATION UNIT GRANT NOTICE — AUSTRALIA

LONG-TERM INCENTIVE PLAN

     Avanade Inc. (the “Company”), pursuant to the Avanade Inc. Long-Term Incentive Plan (the
“Plan”), hereby grants to the undersigned Employee that number of Avanade Valuation Units (each, a
“Unit” and collectively, the “Units”) set forth below. Each Unit is subject to all of the terms
and conditions as set forth in this Avanade Valuation Unit Grant Notice (the “Grant Notice”) and in
the Avanade Valuation Unit Agreement (“AVU Agreement”) and the Plan, which are attached to and
incorporated into this Grant Notice in their entirety. No payments will be made by the Company to
the Employee named below with respect to the Units unless the Employee has indicated his or her
agreement to such terms by execution of this Grant Notice and the AVU Agreement.

	 	 	 	 	 
	Employee:
	 	 	 	 
	 

	 	 

	 	 
	Grant Date:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Number of Units:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Base Value (per Unit):
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Vesting Schedule:

	 	[Twenty-five percent (25%) of the
Units will vest on [Date] and on each
annual anniversary thereafter, subject to
earlier termination or acceleration as
provided in the Agreement and/or the
Plan.]

Additional Terms/Acknowledgement: The undersigned Employee acknowledges receipt of, and
understands and agrees to this Grant Notice, the AVU Agreement, and the Plan. The Employee further
acknowledges that a grant of Units is intended to, among other things, retain and motivate
employees in the long term. As a result, the grant of Units pursuant to this Grant Notice is in
consideration of the Employee providing his or her services in the future in a way which continues
the Employee’s contribution to the Company’s success. Employee further acknowledges that the terms
and provisions of this Grant Notice, the AVU Agreement, and the Plan, taken together, set forth the
entire understanding between Employee and the Company regarding the Units and supersede any and all
prior oral and written agreements on the subject. The Employee’s rights and obligations under the
Employee’s contract of employment are not varied in any way by that understanding.

	 	 	 	 	 	 	 	 	 	 	 
	AVANADE INC.	 	[insert employee name]
	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 
	Its:

	 	 	 	Signature	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Date:	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Attachments:
	 	Address:	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	1.

	 	Avanade Valuation Unit Agreement	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	2.

	 	Long-Term Incentive Plan
	 	Taxpayer ID:exv10w4

 

Exhibit 10.4

AVANADE INC.

LONG-TERM INCENTIVE PLAN

AVANADE VALUATION UNIT AGREEMENT

     Subject to the terms and conditions of the Avanade Inc. Long-Term Incentive Plan (the “Plan”),
Avanade Inc. (the “Company”) hereby grants to you the number of Avanade Valuation Units (each, a
“Unit” and collectively, the “Units”) as set forth in your Avanade Valuation Unit Grant Notice
(“Grant Notice”), each with (this “AVU Agreement”) a Base Value and Grant Date as indicated in your Grant Notice.
Capitalized terms not expressly defined in this Avanade Valuation
Unit Agreement but defined in the Plan shall have
the meanings ascribed such terms in the Plan.

     The details of the Units are as follows:

     1. Vesting. Subject to the limitations contained herein, the Units shall vest as provided in
your Grant Notice and the Plan, provided that vesting will cease upon the termination of your
employment with the Company and the Subsidiaries for any reason (your “Termination Date”) and any
unvested Units will terminate immediately upon your Termination Date, except as otherwise provided
in the Plan.

     2. Adjustment to Units and Base Value. The number of Units and the Base Value per Unit
referenced in your Grant Notice may be adjusted from time to time for stock splits and other
capital adjustments, as provided in the Plan.

     3. Time and Amount of Payment. Upon the applicable Vesting Date with respect to a portion of
the Units, your aggregate Payment Amount will be determined as provided in the Plan. The aggregate
Payment Amount is the amount (not less than zero) equal to the difference between the Fair Market
Value of a Share on such Vesting Date and the Base Value, multiplied by the number of Units that
become vested on the applicable Vesting Date (as may be adjusted pursuant to the terms of the Plan
and subject to the Payment Cap). The aggregate Payment Amount (if any) will be paid to you in cash
on the Payment Date. The Payment Date will be the date determined by the Plan Administrator and
will be a date no earlier than the Vesting Date and no later than March 15 of the calendar year
following the year in which the Vesting Date occurs. There will be only one Payment Date for
Avanade Valuation Units that vest within the same calendar year. Such Payment date will follow the
Company’s determination of Operating Income for the applicable fiscal year.

     4. Withholding Taxes. As a condition to the settlement of the Units, you must make such
arrangements as the Company may require for the satisfaction of any tax obligations that may arise
in connection with such settlement. The Company

 

 

has the right to deduct or withhold from any
Payment Amount, or require you to remit to the Company, such amount
as the Company deems necessary or
desirable to satisfy all tax obligations arising as a result of the settlement of the Units.

     5. Nontransferability. You may not sell, give, transfer, assign, pledge or otherwise
hypothecate the Units. Any payments due to you which have not been completed upon your death shall
be made to your estate.

     6. Not an Employment Contract. The award of Units reflected in the Grant Notice and this AVU
Agreement is not an employment or service contract, and shall not be deemed to create in any way
whatsoever any obligation on your part to continue in the employ of the Company or a Subsidiary, or
of the Company or a Subsidiary to continue your employment, nor shall it interfere with the ability
of the Company or a Subsidiary to terminate your employment relationship at any time with or
without cause.

     7. Determination Final. Any determination or action made or taken by the Plan Administrator,
including, but not limited to, cancellation of any portion of the Units or reduction of a
Payment Amount as set forth in Section 4 of the Plan, shall be final and binding.

     8. Subordination. Any claim that may exist with respect to the Avanade Valuation Units
evidenced by the Grant Notice and this AVU Agreement is hereby expressly subordinated in right of
payment to prior payment in full of any Company obligations to creditors pursuant to any letter of
credit, credit facility, or other debt for borrowed money now outstanding or hereafter incurred.

     9. Binding Effect. This AVU Agreement will inure to the benefit of the successors and assigns
of the Company and be binding upon you and your heirs, executors, administrators, successors, and
assigns.

     10. Limitation on Rights; No Entitlement; No Right to Future Grants; Extraordinary Item of
Compensation. By entering into this AVU Agreement and accepting the grant of the Units evidenced
hereby, you acknowledge: (a) that the Plan is discretionary in nature and may be amended, suspended
or terminated by the Company at any time, with or without notice; (b) that the grant of the Units
is a one-time benefit which does not create any contractual or other right to receive future grants
of awards, or benefits in lieu of awards; (c) that all determinations with respect to any such
future grants, including, but not limited to, the times when awards will be granted, the number of
Units to be granted, the Base Value, and the time or times when a Unit or Units will vest and be
paid, will be at the sole discretion of the Plan Administrator; (d) that your participation in the
Plan is voluntary; (e) that the value of the Units is an extraordinary item of compensation which
is outside the scope of your employment contract, if any; (f) that the Units are not part of normal
or expected compensation for purposes of calculating any severance, resignation,

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redundancy, end of
service payments, bonuses, long-service awards, pension, or retirement benefits or similar
payments; (g) that the vesting of the Units ceases upon your Termination Date except as may
otherwise be explicitly provided in the Plan or this AVU Agreement or otherwise permitted by the
Plan Administrator or required by applicable law; (h) that the future value of the Units as
determined in the manner set forth in the Plan is unknown and cannot be predicted with certainty;
[and] (i) that if the Shares do not increase in value, the Units will have no value[; and (j) that
the Units have been granted to you as an Employee of a Subsidiary and can in no event be understood
or interpreted to mean that the Company is your employer or that you have an employment
relationship with the Company].

     11. Employee Data Privacy. As a condition of the grant of the Units, you consent to the
collection, use, and transfer of personal data as described in this paragraph. You understand that
the Company and its Subsidiaries hold certain personal information about you for the purpose of
managing and administering the Plan (“Data”) including: your name, home address and telephone
number, date of birth, social security number/social insurance number or identification number,
salary, job title, and details of all Units awarded, canceled, settled, vested, unvested, or
outstanding in your favor. You further understand that the Company and its Subsidiaries will
transfer Data among themselves as necessary for the purpose of implementation, administration, and
management of your participation in the Plan, and that the Company and its Subsidiaries may each
further transfer Data to any third parties assisting the Company in the implementation,
administration, and management of the Plan. You understand that these recipients may be located in
your country or region, or elsewhere, such as the United States. You authorize these third parties
to receive, possess, use, retain, and transfer the Data, in electronic or other form, for the
purposes of implementing, administering, and managing the Plan, including your participation
thereunder. You understand that you may, at any time, view Data, require any necessary amendments
to it, or withdraw the consents herein in writing by contacting your local human resources
representative. Withdrawal of consent may, however, affect your ability to receive settlement from
the Units.

     12. Notices. All notices or other communications hereunder shall be in writing and hand
delivered or mailed by registered or certified mail (return receipt requested) or by nationally
recognized overnight
carrier, or sent by any means of electronic message transmission with delivery confirmed (by
voice or otherwise) to the Company in care of its General Counsel at:

Avanade Inc.

2211 Elliiott Avenue, Suite 200

Seattle, Washington 98121

Telecopy: (206) 239-5686

Attn: General Counsel

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(or, if different, the then-current principal business address of the duly appointed General
Counsel for the Company) and to the Participant at the address appearing in the personnel records
of the Company for the Participant or to the Company email address for such Participant if
Participant is an Employee. Notwithstanding the foregoing, notices or communications to the
Company or a Participant shall be sent as provided herein to such other address as either Company
or a Participant may hereafter designate in writing to the other.

	 	 	 	 	 	 	 
	AVANADE INC.	 	[EMPLOYEE]
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	Its:

	 	 	 	 	 	Signature
	 

	 	 	 	 	 	 
	 

	 	 	 	Date:	 	 
	 

	 	 	 	 	 	 

	 	 	 	 	 
	Attachments:
	 	 	 	 
	1. Avanade Valuation Unit Agreement

	 	Address:	 	 
	 

	 	 	 	 
	2. Long-Term Incentive Plan
	 	 	 	 
	 

	 	 	 	 
	 

	 	Taxpayer ID:	 	 
	 

	 	 	 	 

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