Document:

Exhibit

EXHIBIT 10.3.5

EMPLOYERS MUTUAL CASUALTY COMPANY

SUPPLEMENTAL RETIREMENT PLAN

Restated Effective January 1, 2005

(Originally effective October 1, 2004)

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TABLE OF CONTENTS

ARTICLE I.  ESTABLISHMENT OF PLAN                    3

ARTICLE II.  DEFINITIONS                            3

ARTICLE III. ELIGIBILITY                                5

ARTICLE IV.  PLAN BENEFITS                            6

ARTICLE V.  MANNER AND TIMING OF PAYMENT OF BENEFITS        6

ARTICLE VI.  HARDSHIP                                8

ARTICLE VII.  VESTING                                9

ARTICLE VIII.  ADMINISTRATION BY COMMITTEE                9

ARTICLE IX.  CONTRACTUAL LIABILITY; TRUST                10

ARTICLE X.  ALLOCATION OF RESPONSIBILITIES                11

ARTICLE XI.  BENEFITS NOT ASSIGNABLE; FACILITY OF PAYMENTS    12

ARTICLE XII.  BENEFICIARY                            13

ARTICLE XIII.  AMENDMENT AND TERMINATION OF PLAN        13

ARTICLE XIV.  COMMUNICATION TO PARTICIPANTS            13

ARTICLE XV.  CLAIMS PROCEDURE                        14

ARTICLE XVI.  MISCELLANEOUS PROVISIONS                16

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EMPLOYERS MUTUAL CASUALTY COMPANY
SUPPLEMENTAL RETIREMENT PLAN

ARTICLE I.  ESTABLISHMENT OF PLAN

Effective October 1, 2004 , Employers Mutual Casualty Company ("Company") established the Employers Mutual Casualty Company Supplemental Retirement Plan ("Plan").  Based on final regulations issued pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (“Code”), the Plan is being restated effective as of January 1, 2005.

The Plan is an unfunded, nonqualified retirement plan maintained primarily for the purpose of providing additional deferred compensation for a select group of management and highly compensated employees, as described in sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974 ("ERISA").  The Plan is not intended to be a tax-qualified retirement plan under the Code.  The Plan will enable select employees to receive retirement benefits without regard to the limit on compensation imposed on the Qualified Retirement Plan by section 401(a)(17) of the Code and to recognize certain other compensation in the determination of retirement benefits hereunder.

ARTICLE II.  DEFINITIONS

2.1    "Accrued Benefit" shall mean, with respect to each Participant, the retirement benefit provided under Article IV.

2.2    "Active Participant" shall mean, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant who is in Service shall cease to be an Active Participant immediately upon a determination by the Committee that the Participant has ceased to be an Employee.

2.3    "Committee" shall mean the Employers Mutual Casualty Company Employee Benefits Committee, or such other committee as the Board of Directors of the Company appoints as provided for in Section 8.

2.4    "Company" shall mean Employers Mutual Casualty Company and any participating Company which adopts this Plan.

2.5    "Compensation" shall mean compensation for the applicable Plan Year as defined in the Employers Mutual Casualty Retirement Plan ("Qualified Retirement Plan"), a defined benefit plan qualified under Section 401(a) of the Code.  "Total Compensation" shall mean Compensation as defined above for the applicable Plan Year, adjusted as follows:

		
	(a)
	increased by compensation that would have otherwise been included in the definition of Compensation under the Qualified Retirement Plan but for the limitation of Section 401(a)(17) of the Code;

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	(b)
	increased by compensation deferred under the EMCC Option It! Deferred Bonus Compensation Plan or any similar preceding deferred bonus plan; 

		
	(c)
	increased by compensation deferred under the EMCC Board and Executive Nonqualified Excess Plan ("BENEP"), or the EMC Excess Deferral Plan, also known as the 2001 Deferred Compensation Plan of EMC; and

		
	(d)
	decreased by Employer Matching Credits (as defined in the BENEP) credited to the Participant's Deferred Compensation Account (as defined in the BENEP).

2.6    "Disability" shall have the meaning as set forth in the definition of ‘Disabled’ as contained in Section 409A of the Code, and guidance and regulations issued thereunder.  The determination of the existence or nonexistence of Disability shall be made by the Committee in a nondiscriminatory manner. 
2.7    The original "Effective Date" shall be October 1, 2004.  The restated “Effective Date” is January 1, 2005.

2.8    "Employee" shall mean an individual in the Service of the Company if the relationship between the individual and the Company is the legal relationship of employee and employer and if the individual is a highly compensated or management employee of the Employer.  An individual shall cease to be an Employee upon the first to occur of the following:  (i) the Employee's separation from Service; or (ii) a determination by the Committee that the Employee no longer meets the eligibility requirements for participation in the Plan.

2.9    "Participant" shall mean, with respect to any Plan Year, an Employee who meets the eligibility requirements of Article III and who has an Accrued Benefit under the Plan.   A Participant who separates from Service with the Company and who later returns to Service will not be eligible under the Plan except upon satisfaction of such terms and conditions as the Committee shall establish upon the Participant's return to Service, whether or not the Participant shall have an Accrued Benefit remaining under the Plan on the date of his return to Service.

2.10    "Participating Company" shall mean any trade or business (whether or not incorporated) which adopts this Plan with the consent of the Company.

2.11    "Plan" shall mean the Employers Mutual Casualty Company Supplemental Retirement Plan, as herein set out or as duly amended.

2.12    "Plan Administrator" shall mean the Committee (or Company if no Committee exists) unless the Board of Directors of the Company appoints a person or different committee to serve as Plan Administrator.

2.13    "Plan Year" shall mean the twelve-month period ending on December 31.

2.14    "Qualified Retirement Plan" shall mean the Employers Mutual Casualty Company Retirement Plan, as amended from time to time, a pension plan adopted by the Company which is qualified under Section 401(a) of the Code, or any successor defined benefit plan that replaces such plan.

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2.15    "Qualifying Distribution Event" shall mean the Participant's Retirement or the termination of Participant's Service with the Company for any reason, including as a result death or Disability.

2.16    "Retire" or "Retirement" shall mean Retirement within the meaning of the Qualified Retirement Plan and commencement of payment of benefits under such plan.

2.17    "Service" shall mean employment by the Company as an Employee.

2.18    "Spouse" or "Surviving Spouse" shall mean, except as otherwise provided in the Plan, the legally married spouse or surviving spouse of a Participant.

2.19    "Trust" shall mean the trust fund established pursuant to Section 9.2.

2.20    "Trustee" shall mean the trustee, if any, named in the agreement establishing the Trust and such successor or additional trustee as may be named pursuant to the terms of the agreement establishing the Trust.

ARTICLE III.  ELIGIBILITY

3.1         An Employee shall become a Participant in the Plan if he or she in any Plan Year has Total Compensation that exceeds Compensation and Compensation for such Plan Year is used in calculating a Participant's accrued benefit under the Qualified Retirement Plan.

3.2    The following Employees who have individually entered into an Excess Retirement Benefit Agreement with the Company shall automatically become Participants as of the original Effective Date:  Bruce G. Kelley, Roger L. Ford, Raymond L. Geary, Jr., William A. Murray, Ronald W. Jean, Raymond W. Davis and David O. Narigon.  Such individual agreements shall terminate as of the original Effective Date and all liabilities of the Company with respect to such individual agreements shall be governed by this Plan; provided, however, that the Accrued Benefit of each such Participant under this Plan as of the Effective Date shall at least be equal to the Benefit the Participant would have received under his or her individual agreement if he or she had terminated employment as of the Effective Date.

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ARTICLE IV.  PLAN BENEFITS

4.1    Upon a Participant's separation from Service for any reason, whether by Retirement, Disability, death or other termination of employment, or as defined in applicable guidance under Section 409A of the Code, the Participant (or his or her Beneficiary) shall be entitled to an Accrued Benefit under this Plan equal to the difference between (A) the benefit the Participant (or his or her Beneficiary) would have been entitled to receive under the Qualified Retirement Plan, using the definition of Total Compensation for all applicable Plan Years in calculating such benefit, and (B) the actual benefit the Participant (or his or her Beneficiary) is entitled to receive under the Qualified Retirement Plan, using the definition of Compensation for all applicable Plan Years.

4.2    Applicable Plan Years shall include all Plan Years beginning with the Participant's first Plan Year of eligibility in the Qualified Retirement Plan(even if prior to 2004).  The Accrued Benefit as of the relevant date shall be expressed in the same manner as the normal form of benefit under the Qualified Retirement Plan if the Participant's benefit is based upon the defined benefit formula prior to the introduction of cash balance feature in the Qualified Retirement Plan (i.e., life annuity) or expressed as a lump sum amount if the Participant's benefit under the Qualified Retirement is expressed as a cash balance account lump sum amount (prior to conversion to an annuity form).

ARTICLE V.  MANNER AND TIMING OF PAYMENT OF BENEFITS

5.1    The benefit payable to a Participant shall be payable to him/her (or his or her beneficiary) as a lump sum benefit if the present value of the Accrued Benefit under Section 4.1 (as of the date of separation from Service) is less than $50,000, using the actuarial assumptions set forth in the definition of Actuarial Equivalent in the Qualified Retirement Plan.

    

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5.2    The benefit payable to a Participant shall be payable to him/her (or his or her beneficiary) in equal annual installments if the present value of the Accrued Benefit under Section 4.1 (as of the date of separation from Service) is equal to or greater than $50,000, using the actuarial assumptions set forth in the definition of Actuarial Equivalent in the Qualified Retirement Plan.  The period of time during which equal annual payments will be made shall be based on the following schedule:

Present Value of                Years of
Accrued Benefit                Annual Payments

At least    But less than

$ 50,000    $100,000                    2
$100,000    $150,000                    3
$150,000    $200,000                    4
$200,000    $250,000                    5
$250,000    $300,000                    6
$300,000    $350,000                    7
$350,000    $400,000                    8
$400,000    $450,000                    9
$450,000 and above                        10

5.3    Any lump sum payment shall be made on or shortly after January 2 in the year following the year of termination of employment (with interest from date of termination to date of payment at the interest rate in the definition of Actuarial Equivalent in the Qualified Retirement Plan).  If periodic payments is the method of payment, the first annual payment shall be made on or shortly after January 2 in the year following termination of employment and each subsequent annual payment shall be made on or shortly after January 2 in each subsequent year.  The actuarial equivalency of the periodic payments compared to the present value of the Accrued Benefit shall be calculated as of the date of the first scheduled annual payment.

5.4       The amounts set forth in Sections 5.1 and 5.2 shall be increased (decreased) as of the first day of each Plan Year by the percentage increase (decrease) in the Consumer Price Index – All Urban Consumers (Current Series) during the prior Plan Year (January 1, 2005 being the base benchmark such that the first adjustment will be made as of January 1, 2006 for terminations in the 2006 Plan Year).

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5.5    Notwithstanding the timing of payments as set forth above, any payment due a Participant may not be distributed to a Specified Employee, based on separation from Service, earlier than 6 months following separation from Service (or if earlier, upon the Specified Employee’s death).  If a payment is to be delayed as a result of this provision, the delayed payment shall be made as soon as administratively feasible on or following the first day of the month immediately following the date that is 6 months following date of separation from Service.  The delayed payment shall include interest from the date the payment was originally scheduled to have been made to the date of actual payment, the annual interest rate being the interest rate in the actuarial assumptions used to calculate the Actuarial Equivalent present value of the total lump sum benefit under Section 5.1 above.  “Specified Employee” means a Participant described in Section 416(i) of the Code, disregarding paragraph (5) thereof. However, a Participant is not a Specified Employee unless any stock of the Company (or of a member of the same group of controlled entities as Employer) is publicly traded on an established securities market or otherwise.   

ARTICLE VI.  HARDSHIP

An accelerated distribution may be made on account of financial hardship to a Participant who is in pay status, subject to the following provisions:

6.1    A Participant may, at any time prior to commencement of the first annual payment (but after separation from Service) or prior to the completion of distribution of all periodic payments make application to the Committee to receive a distribution in a lump sum of all or a portion of the remaining annual installments because of an Unforeseeable Emergency that results in severe financial hardship to the Participant.  A distribution because of an Unforeseeable Emergency shall not exceed the amount required to meet the immediate financial need created by the Unforeseeable Emergency (taking into account the taxes to be paid on the distribution) and which is not otherwise reasonably available from other resources of the Participant.  An Unforeseeable Emergency shall mean a financial need arising on account of a sudden or unexpected illness or accident of the Participant or of the spouse or a dependent of the Participant, loss of the Participant's property due to casualty, or other similar extraordinary and unforeseeable circumstance arising as a result of events beyond the control of the Participant.

6.2    The Participant's request for a distribution on account of financial hardship must be made in writing to the Committee.  The request must specify the nature of the financial hardship, the total amount requested to be distributed and the total amount of the actual expense incurred or to be incurred on account of financial hardship.

6.3     If a distribution under this Article VI is approved by the Committee, such distribution will be made as soon as practicable following the date it is approved.  The processing of the request shall be completed as soon as practicable from the date on which the Committee receives the properly completed written request for a distribution on account of a financial hardship.

6.4    If the distribution is less than the present value of all unpaid annual payments, each remaining annual payment shall be reduced actuarially to reflect the amount of the hardship withdrawal.

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6.5    The Committee may from time to time adopt additional policies or rules governing the manner in which such distributions may be made so that the Plan may be conveniently administered.

ARTICLE VII.  VESTING

A Participant shall be vested in the portion of his/her Accrued Benefit under this Plan to the same extent and under the same vesting schedule as set forth in the applicable provisions of the Qualified Retirement Plan with respect to his/her accrued benefit under that plan.

ARTICLE VIII.  ADMINISTRATION BY COMMITTEE

8.1    Membership of Committee:  If the Board appoints a committee other than the Employers Mutual Casualty Company Employee Benefits Committee to serive as the Committee under this Plan, the Committee shall consist of at least three individuals who shall be appointed by the Board to serve at the pleasure of the Board.  Any member of the Committee may resign, and his/her successor, if any, shall be appointed by the Board.  The Committee shall be responsible for the general administration and interpretation of the Plan and for carrying out its provisions, except to the extent all or any of such obligations are specifically imposed on the Board.

8.2    Committee officers; Subcommittee:  The members of the Committee shall elect a Chairman and may elect an acting Chairman.  They shall also elect a Secretary and may elect an acting Secretary, either of whom may be but need not be a member of the Committee.  The Committee may appoint from its membership such subcommittees with such powers as the Committee shall determine, and may authorize one or more of its members or any agent to execute or deliver any instruments or to make any payment on behalf of the Committee.

8.3    Committee meetings:  The Committee shall hold such meetings upon such notice, at such places and at such intervals as it may from time to time determine.  Notice of meetings shall not be required if notice is waived in writing by all the members of the Committee at the time in office, or if all such members are present at the meeting.

8.4    Transaction of business:  A majority of the members of the Committee at the time in office shall constitute a quorum for the transaction of business.  All resolutions or other actions taken by the Committee at any meeting shall be by vote of a majority of those present at any such meeting and entitled to vote.  Resolutions may be adopted or other action taken without a meeting upon written consent thereto signed by all of the members of the Committee.

8.5    Committee records:  The Committee shall maintain full and complete records of its deliberations and decisions.  The minutes of its proceedings shall be conclusive proof of the facts of the operation of the Plan.

8.6    Establishment of rules:  Subject to the limitations of the Plan, the Committee may from time to time establish rules or by-laws for the administration of the Plan and the transaction of its business.

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8.7    Conflicts of interest:  No individual member of the Committee shall have any right to vote or decide upon any matter relating solely to himself/herself or to any of his/her rights or benefits under the Plan (except that such member may sign unanimous written consent to resolutions adopted or other action taken without a meeting).

8.8    Correction of errors:  The Committee may correct errors and, so far as practicable, may adjust any benefit or credit or payment accordingly.  The Committee may in its discretion waive any notice requirements in the Plan; provided, that a waiver of notice in one or more cases shall not be deemed to constitute a waiver of notice in any other case.  With respect to any power or authority which the Committee has discretion to exercise under the Plan, such discretion shall be exercised in a nondiscriminatory manner.

8.9    Authority to interpret Plan:  Subject to the claims procedure set forth in Section 15, the Plan Administrator and the Committee shall have the duty and discretionary authority to interpret and construe the provisions of the Plan and to decide any dispute which may arise regarding the rights of Participants hereunder, including the discretionary authority to construe the Plan and to make determinations as to eligibility and benefits under the Plan.  Determinations by the Plan Administrator and the Committee shall apply uniformly to all persons similarly situated and shall be binding and conclusive upon all interested persons.

8.10     Third party advisors:  The Committee may engage an attorney, accountant, actuary or any other technical advisor on matters regarding the operation of the Plan and to perform such other duties as shall be required in connection therewith, and may employ such clerical and related personnel as the Committee shall deem requisite or desirable in carrying out the provisions of the Plan.  The Committee shall from time to time, but no less frequently than annually, review the financial condition of the Plan and determine the financial and liquidity needs of the Plan.  The Committee shall communicate such needs to the Company so that its policies may be appropriately coordinated to meet such needs.

8.11    Compensation of members:  No fee or compensation shall be paid to any member of the Committee who is a Participant in the Plan for his/her Service as a Committee member with respect to matters concerning the Plan.

8.12    Expense reimbursement:  The Committee shall be entitled to reimbursement by the Company for its reasonable expenses properly and actually incurred in the performance of its duties in the administration of the Plan.

8.13    Indemnification:  No member of the Committee shall be personally liable by reason of any contract or other instrument executed by him/her or on his/her behalf as a member of the Committee nor for any mistake of judgment made in good faith, and the Company shall indemnify and hold harmless, each member of the Committee and each other officer, employee, or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be delegated or allocated, to the full extent set forth in the By-laws of the Company.

ARTICLE IX.  CONTRACTUAL LIABILITY; TRUST

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9.1    Contractual Liability:  The obligation of the Company to make payments hereunder shall constitute a contractual liability of the Company to the Participant.  Such payments shall be made from the general funds of the Company, and the Company shall not be required to establish or maintain any special or separate fund, or otherwise to segregate assets to assure that such payments shall be made, and the Participant shall not have any interest in any particular assets of the Company by reason of its obligations hereunder.  To the extent that any person acquires a right to receive payment from the Company, such right shall be no greater than the right of an unsecured creditor of the Company.

9.2    Trust:  The Company may establish a Trust with the Trustee, pursuant to such terms and conditions as are set forth in the Trust Agreement.  The Trust, if and when established, is intended to be treated as a grantor trust for purposes of the Code.  The establishment of the Trust is not intended to cause Participants to realize current income on amounts contributed thereto, and the Trust shall be so interpreted and administered.

ARTICLE X.  ALLOCATION OF RESPONSIBILITIES

The persons responsible for the Plan and the duties and responsibilities allocated to each are as follows:

10.1    Board:

(i)    To amend the Plan;

(ii)    To appoint and remove members of the Committee; and

(iii)    To terminate the Plan.

10.2    Committee:

(i)    To determine eligibility for participation;

		
	(ii)
	To interpret the provisions of the Plan and to determine the rights of the Participants under the Plan, except to the extent otherwise provided in Section 15 relating to claims procedure;

		
	(iii)
	To administer the Plan in accordance with its terms, except to the extent powers to administer the Plan are specifically delegated to another person or persons as provided in the Plan;

		
	(iv)
	To account for the Accrued Benefits of Participants; and

		
	(v)
	To direct the Company in the payment of benefits.

10.3    Plan Administrator:

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	(i)
	To file such reports as may be required with the United Stated Department of Labor, the Internal Revenue Service and any other government agency to which reports may be required to be submitted from time to time; and

		
	(ii)
	To administer the claims procedure to the extent provided in Section 15.

ARTICLE XI.  BENEFITS NOT ASSIGNABLE; FACILITY OF PAYMENTS

11.1    Benefits not assignable:  No portion of any benefit credited or paid under the Plan with respect to any Participant shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same shall be void, nor shall any portion of such benefit be in any manner payable to any assignee, receiver or any one trustee, or be liable for his/her debts, contracts, liabilities, engagements or torts; provided, however, the Plan Administrator may recognize an assignment of benefits to an alternate payee under a Qualified Domestic Relations Order meeting the requirements of Section 414(p) of the Code.

11.2    Payments to minors and others:  If any individual entitled to receive a payment under the Plan shall be physically, mentally or legally incapable of receiving or acknowledging receipt of such payment, the Committee, upon the receipt of satisfactory evidence of his/her incapacity and satisfactory evidence that another person or institution is maintaining him/her and that no guardian or committee has been appointed for him/her, may cause any payment otherwise payable to him/her to be made to such person or institution so maintaining him/her. Payment to such person or institution shall be in full satisfaction of any claims by or through the Participant to the extent of the amount thereof.

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ARTICLE XII.  BENEFICIARY

The Participant's beneficiary shall be the person or persons designated by the Participant on the beneficiary designation form provided by and filed with the Committee or its designee.  If the Participant does not designate a beneficiary, the beneficiary shall be his/her Surviving Spouse.  If the Participant does not designate a beneficiary and has no Surviving Spouse, the beneficiary shall be the Participant's estate.  The designation of a beneficiary may be changed or revoked only by filing a new beneficiary designation form with the Committee or its designee.  If a beneficiary (the "primary beneficiary") is receiving or is entitled to receive payments under the Plan and dies before receiving all of the payments due him/her, the balance to which he/she is entitled shall be paid to the contingent beneficiary, if any, named in the Participant's current beneficiary designation form.  If there is no contingent beneficiary, the balance shall be paid to the estate of the primary beneficiary.  Any beneficiary may disclaim all or any part of any benefit to which such beneficiary shall be entitled hereunder by filing a written disclaimer with the Committee before payment of such benefit is to be made.  Such a disclaimer shall be made in a form satisfactory to the Committee and shall be irrevocable when filed.  Any beneficiary disclaimed shall be payable from the Plan in the same manner as if the beneficiary who filed the disclaimer had died on the date of such filing.

ARTICLE XIII.  AMENDMENT AND TERMINATION OF PLAN

The Board may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce any Participant's Accrued Benefit as of the date of such amendment or termination, nor shall any such amendment affect the terms of the Plan relating to the payment of such Accrued Benefit.

Upon the occurrence of a termination event, the Accrued Benefit of each Participant shall become fully vested and payable to the Participant in a lump sum.

ARTICLE XIV.  COMMUNICATION TO PARTICIPANTS

The Company shall make a copy of the Plan available to any Participant or to a Beneficiary who is entitled to payment of benefits hereunder because of the death of a Participant.

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ARTICLE XV.  CLAIMS PROCEDURE

The following claims procedure shall apply with respect to the Plan:

15.1    Filing of a claim for benefits:  If a Participant or beneficiary (the "claimant") believes that he/she is entitled to benefits under the Plan which are not being paid to him/her or which are not being accrued for his/her benefit, he/she shall file a written claim therefore with the Plan Administrator.  

15.2    Notification to claimant of decision:  Within 90 days after receipt of a claim by the Plan Administrator (or within 180 days if special circumstances require an extension of time), the Plan Administrator shall notify the claimant of the decision with regard to the claim.  In the event of such special circumstances requiring an extension of time, there shall be furnished to the claimant prior to expiration of the initial 90-day period written notice of the extension, which notice shall set forth the special circumstances and the date by which the decision shall be furnished.  If such claim shall be wholly or partially denied, notice thereof shall be in writing and worded in a manner calculated to be understood by the claimant, and shall set forth:  (i) the specific reason or reasons for the denial; (ii) specific reference to pertinent provisions of the Plan on which the denial is based; (iii) a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; and (iv) an explanation of the procedure for review of the denial.  If the Plan Administrator fails to notify the claimant of the decision in a timely manner, the claim shall be deemed denied as of the close of the initial 90-day period (or the close of the extension period, if applicable).

15.3    Procedure for review:  Within 60 days following receipt by the claimant of notice denying the claim, in whole or in part, or, if such notice shall not be given, within 60 days following the latest date on which such notice could have been timely given, the claimant shall appeal denial of the claim by filing a written application for review with the Committee.  Following such request for review, the Committee shall fully and fairly review the decision denying the claim.  Prior to the decision of the Committee, the claimant shall be given an opportunity to review pertinent documents and to submit issues and comments in writing.

15.4    Decision on review:  The decision on review of a claim denied in whole or in part by the Committee shall be made in the following manner:

15.4.1    Within 60 days following receipt by the Committee of the request for review (or within 120 days if special circumstances require an extension of time), the Committee shall notify the claimant in writing of its decision with regard to the claim.  In the event of such special circumstances requiring an extension of time, written notice of the extension shall be furnished to the claimant prior to the commencement of the extension.  If the decision on review is not furnished in a timely manner, the claim shall be deemed denied as of the close of the initial 60-day period (or the close of the extension period, if applicable).

15.4.2    With respect to a claim that is denied in whole or in part, the decision on review shall set forth specific reasons for the decision, shall be written in a manner calculated to be understood by a claimant, and shall cite specific references to the pertinent Plan provisions on which the decision is based.

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15.4.3    The decision of the Committee shall be final and conclusive.  A Participant must exhaust his/her remedies under this claim procedure before filing any action in court for entitlement to benefits.

15.5    Action by authorized representative of claimant:  All actions set forth in this Section 15 to be taken by the claimant may likewise be taken by a representative of the claimant duly authorized by his/her to act in his/her behalf on such matters.  The Committee may require such evidence as either may reasonably deem necessary or advisable of the authority to act of any such representative.

ARTICLE XVI.  MISCELLANEOUS PROVISIONS

16.1    Set off:  Notwithstanding any other provision of this Plan, the Company may reduce the amount of any payment otherwise payable to or on behalf of a Participant hereunder by the amount of any loan, cash advance, extension of credit or other obligation of the Participant to the Company that is then due and payable, and the Participant shall be deemed to have consented to such reduction.

16.2    Notices:  Each Participant who is not in Service and each beneficiary shall be responsible for furnishing the Committee or its designee with his/her current address for the mailing of notices and benefit payments.  Any notice required or permitted to be given to such Participant or beneficiary shall be deemed given if directed to such address and mailed by regular United States mail, first class, postage prepaid.  If any check mailed to such address is returned as undeliverable to the addressee, mailing of checks will be suspended until the Participant or beneficiary furnishes the proper address.  This provision shall not be construed as requiring the mailing of any notice or notification otherwise permitted to be given by posting or by other publication.

16.3    Lost distributees:  A benefit shall be deemed forfeited if the Plan Administrator is unable to locate the Participant or beneficiary to whom payment is due on or before the fifth anniversary of the date payment is to be made or commence; provided, however, that such benefit shall be reinstated if a valid claim is made by or on behalf of the Participant or beneficiary for all or part of the forfeited benefit.

    

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16.4    Reliance on data:  The Company, the Committee and the Plan Administrator shall have the right to rely on any data provided by the participant or by any beneficiary.  Representations of such data shall be binding upon any party seeking to claim a benefit through a Participant, and the Company, the Committee and the Plan Administrator shall have no obligation to inquire into the accuracy of any representation made at any time by a Participant or beneficiary.

16.5    Receipt and release for payments:  Subject to the provisions of Section 16.1, any payment made from the Plan to or with respect to any Participant or beneficiary, or pursuant to a disclaimer by a  beneficiary, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Plan and the Company with respect to the Plan.  The recipient of any payment from the Plan may be required by the Committee, as a condition precedent to such payment, to execute a receipt and release with respect thereto in such form as shall be acceptable to the Committee.

16.6    Headings:  The headings and subheadings of the Plan have been inserted for convenience of reference and are to be ignored in any construction of the provisions hereof.

16.7    Continuation of employment:  The establishment of the Plan shall not be construed as conferring any legal or other rights upon any Employee or any persons for continuation of employment, nor shall it interfere with the right of the Company to discharge any Employee or to deal with him/her without regard to the effect thereof under the Plan.

16.8    Merger or consolidation:  No employer-party to the Plan shall consolidate or merge into or with another corporation or entity, or transfer all or substantially all of its assets to another corporation, partnership, trust or other entity (a "Successor Entity") unless such Successor Entity shall assume the rights, obligations and liabilities of the employer-party under the Plan and upon such assumption, the Successor Entity shall become obligated to perform the terms and conditions of the Plan.

16.9    Taxes:  The Company does not represent or guarantee that any particular tax consequences (favorable and unfavorable) will result from participation in the Plan.  Participants shall bear their share of taxes assessed against them because of benefits paid or accrued under the Plan.  Any taxes owed may be withheld from or charged against benefits otherwise payable from the Plan.  Any Participant's portion of FICA/FUTA (including Medicare) taxes due on amounts credited to the Participant's account under the Plan prior to when payments are made under the Plan shall be deducted from other current compensation payable to the Participant.

16.10    Construction:  The provisions of the Plan shall be construed and enforced according to the laws of the state of Iowa, except to the extent that such laws are superseded by ERISA or other applicable federal law.

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Executed this 22nd day of July, 2008.

EMPLOYERS MUTUAL CASUALTY COMPANY

By: /s/ Kristi K. Johnson                                        
Title: Vice President                                               

17EX-10.1

 Exhibit 10.1 

THIRD AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT 

THIS THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is effective as of this 16th day of January 2019, by and between Infor (US), Inc., a Delaware corporation (the “Company”), and C. James Schaper (“Executive”). The Company is an indirect,
wholly-owned Subsidiary of IGS Holding, L.P., a Delaware limited partnership (“Parent”). 
 The Company and Executive are
party to that certain Amended and Restated Employment Agreement, dated as of December 6, 2010, as previously amended from time to time (collectively, the “Prior Agreement”). The Company and Executive desire to amend and restate
the Prior Agreement in its entirety upon the terms set forth herein. 
 In consideration of the mutual covenants contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1.    Employment and Prior Agreements. 

(a)    The Company hereby agrees to continue Executive’s employment with the Company, and Executive hereby agrees to
continue his employment with the Company, upon the terms and conditions set forth in this Agreement for the period beginning on the effective date of this Agreement (the “Commencement Date”) and ending as provided in
Section 4 hereof. 
 (b)    Other than that certain Indemnity Agreement, dated
February 23, 2009 (together with any and all predecessor director and officer indemnity agreements entered into by and among Executive and/or Parent and any of its Subsidiaries), by and among Executive, Parent and certain of Parent’s
Subsidiaries (it being acknowledged by each of the undersigned that each of the foregoing indemnity agreements will survive in accordance with their express terms and conditions), any and all prior agreements or understandings between Executive and
Parent or any of its Subsidiaries with respect to Executive’s employment (including the Prior Agreement) are hereby terminated in their entirety as of the date hereof and shall be of no further force or effect and neither party thereto shall
have any further liabilities or obligations with respect thereto. For the avoidance of doubt, nothing herein shall supersede, terminate or otherwise affect any agreement between Executive and Parent or any of its Subsidiaries with respect to
Executive’s ownership or sale of any equity securities (including options) of Parent or any of its Subsidiaries. 

2.    Position and Duties. 

(a)    During the Employment Period (as defined below), Executive shall serve as an advisor to the Chief Executive Officer
(the “CEO”) and the Board of Directors (the “Board”) of Parent and the Company. Executive will report to, and be subject to the overall direction and authority of the CEO and Board. 

(b)    Executive will devote Executive’s best efforts, and such time and attention to the business and affairs of the
Company commensurate with Executive’s assigned duties for the Company. Executive will perform Executive’s duties and responsibilities to the Company to the best of Executive’s abilities in a diligent, trustworthy, businesslike and
efficient manner. 

  
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 (c) Executive shall perform Executive’s duties hereunder at the Company’s offices
in Alpharetta, Georgia or such other location as may be mutually agreed between the Company and Executive (the “Executive’s Place of Business”). Executive agrees to render Executive’s services away from Executive’s
office from time to time for reasonable lengths of time and for a reasonable number of trips in the ordinary course of business, as the proper performance of Executive’s duties may require. 

(d) For purposes of this Agreement, “Subsidiaries” (in either plural or singular form) shall mean any corporation or other
entity (including the Company) of which the securities or other ownership interests having the voting power to elect a majority of the board of directors or other governing body are, at the time of determination, owned by Parent, directly or
indirectly through one or more Subsidiaries. 
 3.    Base Salary, Benefits and Business Expenses. 

(a)    During the Employment Period, Executive’s base salary will be $440,000 per annum (the “Base
Salary”), which salary will be subject to adjustment by the Board in its discretion and will be payable in regular installments in accordance with the Company’s general payroll practices for all salaried employees and will be subject
to customary withholding. In addition, during the Employment Period, Executive will be entitled to participate in all of the Company’s employee benefit programs for which all other executive employees of the Company are generally eligible
(excluding any incentive equity compensation, which will be determined on a case-by-case basis, and excluding any bonus or severance plans, if any) in accordance with
the terms and conditions of such programs as the same may be amended or modified from time to time. Executive shall be entitled to such amount of vacation during each year of the Employment Period as is consistent with the Company’s policy for
senior executives. 
 (b)    During the Employment Period, the Company will reimburse Executive for all reasonable and
necessary business expenses incurred by Executive in the course of performing Executive’s duties under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and
other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. In addition, Executive shall be, for so long as the Company maintains an ownership interest in a private aircraft,
entitled to use such aircraft for up to 20 hours per calendar year of personal use and the Company shall gross up for tax purposes any deemed income to Executive arising pursuant to such use, so that the economic benefit is the same to Executive as
if such payments were provided on a non-taxable basis to Executive. To the extent that any reimbursements or in-kind benefits under this Agreement constitute “Non-qualified Deferred Compensation” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), (i) all such expenses, benefits or other
reimbursements under this Agreement shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by Executive, (ii) any right to such reimbursement or in kind benefits is not
subject to liquidation or exchange for another benefit, and (iii) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the
expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. 

  
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 4.    Term. 

(a)    The employment period (the “Employment Period”) will commence on the Commencement Date and will
terminate immediately upon the first to occur of: (i) the third anniversary of the Commencement Date, (ii) the effective date of Executive’s resignation; (iii) Executive’s death or Disability (as defined in Internal Revenue
Code Section 22(e)(3)); (iv) the Company’s election to terminate Executive’s employment at any time for Cause (as defined below) or without Cause; (v) the first date when Executive is no longer a member of the Board of Directors
of Parent and/or any of the Subsidiaries, and (vi) the effectiveness of a registration statement on SEC Form S-1 in connection with an IPO. An “IPO” means any underwritten initial public
offering of the common stock of Parent or any of its Subsidiaries pursuant to an effective registration statement filed under the Securities Act of 1933, as amended. 

(b)    Except as otherwise expressly provided in this Section 4, Executive shall not be entitled
to any salary, bonuses, employee benefits or compensation from Parent or its Subsidiaries after the termination of the Employment Period and all of Executive’s rights to salary, bonuses, employee benefits and other compensation hereunder (if
any) which would have accrued or become payable after the termination of the Employment Period (other than vested retirement or other non-forfeitable employee benefits accrued on or prior to the termination of
the Employment Period or other amounts owing hereunder as of the date of such termination that have not yet been paid) shall cease upon such termination, other than those expressly required under applicable law (such as COBRA). Any termination of
Executive’s employment by the Company shall be effective as specified in a written notice to Executive from the Company, provided the Company provides Executive at least 90 days prior written notice of any termination without Cause. The Company
may offset any amounts Executive owes to Parent or any of its Subsidiaries against any amounts the Company owes Executive hereunder. The termination of Executive’s employment with the Company for any reason shall be deemed to automatically
remove Executive, without any further action, from any and all offices held by Executive with the Company, Parent or any of their respective Subsidiaries (including, without limitation, any office as a member of the board of directors of the
Company, Parent or any of their respective Subsidiaries). Executive agrees to promptly sign and submit notice(s) of resignation or any other documents reasonably requested in order for the Parent or any of its Subsidiaries to effect the removal of
Executive from any offices held by Executive. 
 (c)    If the Employment Period is terminated for any reason, Executive
will be entitled only to receive his Base Salary and other non-forfeitable, vested employee benefits accrued but not yet paid through the date of such termination. 

(d)    For purposes of this Agreement as it relates to Executive, “Cause” means (i) the commission
of a felony or any act of fraud or any act or omission involving dishonesty, or material disloyalty with respect to Parent or any of its Subsidiaries or any of their respective customers, suppliers or other material business relations,
(ii) conduct tending to bring Parent or any of its Subsidiaries into substantial public disgrace or disrepute, (iii) failure to perform material duties as reasonably directed by the Board, (iv) gross negligence or willful misconduct
with respect to Parent or any of its Subsidiaries, or (v) any other material breach by Executive of this Agreement; provided, however, that Cause shall not exist for actions or conduct under clauses (ii), (iii), (iv) or
(v) of this Section 4(d) unless such actions or conduct continues for a period of ten (10) days after receipt by Executive of written notice of the need to cure or cease, if such actions or conduct are capable of
cure. 

  
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 (e)    In the event of Executive’s termination of employment,
Executive will take all necessary and reasonable actions to effect a smooth transition of Executive’s duties to such person or persons as may be designated by the Board or its designee. 

5.    Confidential Information. Executive acknowledges and agrees that the information, observations and data
(including, without limitation, trade secrets, know-how, research and product plans, customer lists, software, inventions, processes, formulas, technology, designs, drawings, specifications, marketing and
advertising materials, distribution and sales methods and systems, sales and profit figures and other technical and business information) concerning the business or affairs of Parent or any of its Subsidiaries obtained by Executive while employed by
Parent or any of its Subsidiaries or while serving as an officer or director of Parent or any of its Subsidiaries (“Confidential Information”) are the property of Parent or such Subsidiary. Therefore, during the Employment Period
and at all times thereafter, Executive agrees that Executive will not disclose to any unauthorized person or use for Executive’s own purposes, except in the performance of Executive’s duties and responsibilities hereunder, any Confidential
Information without the prior written consent of the Board, unless and to the extent that the aforementioned matters are or become generally known to and available for use by the public other than as a result of Executive’s acts or omissions to
act. Executive will deliver to the Company at the termination of the Employment Period, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer tapes, printouts and software and other documents and data
(and copies thereof) relating to the Confidential Information, Work Product (as defined Section 6 below) or the business of Parent or any of its Subsidiaries which Executive may then possess or have under Executive’s
control. Notwithstanding the foregoing, Executive is permitted to disclose Confidential Information to the extent required to provide truthful testimony before a court or other governmental authority or to the extent required to respond to a
properly issued subpoena of Executive (individually and collectively, “Compelled Disclosure”); provided that Executive provides such prior written notice to the Company of such Compelled Disclosure to allow the Company to
either contest such intended Compelled Disclosure and/or seek an appropriate protective order from a court of competent jurisdiction. 

6.    Inventions and Patents. Executive acknowledges and agrees that all inventions, innovations, improvements,
developments, methods, designs, analyses, drawings, reports and all similar or related information (whether or not patentable) which relate to Parent’s or any of its Subsidiaries’ actual or anticipated business, research and development or
existing or future products or services and which are conceived, developed or made by Executive while employed by Parent or any of its Subsidiaries (“Work Product”) belong to Parent or such Subsidiary. Executive will promptly
disclose such Work Product to the Board and perform all actions reasonably requested by the Board (whether during or after the Employment Period) to establish and confirm such ownership (including, without limitation, assignments, consents, powers
of attorney and other instruments). 

  
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 7.    Non-Compete, Non-Solicitation. 
 (a)    In further consideration of the compensation to be
paid to Executive hereunder (which each of the undersigned acknowledge and agree provide sufficient good and valuable consideration for the non-compete and
non-solicitation covenants set forth in this Section 7) and any equity compensation to be made available to Executive pursuant to Parent’s incentive equity plans, Executive
acknowledges that in the course of Executive’s employment with the Company Executive has become, and will continue to become, familiar with Parent’s and its Subsidiaries’ trade secrets and with other Confidential Information
concerning Parent and its Subsidiaries and that Executive’s services are and will continue to be of special, unique and extraordinary value to Parent and its Subsidiaries. Therefore, Executive agrees that, during the Employment Period and until
the date that is one year after the termination of the Employment Period for any reason (the “Noncompete Period”), Executive will not directly or indirectly, for Executive or any other person, (1) induce or attempt to induce
any employee of Parent or any of its Subsidiaries to leave the employ of Parent or any of its Subsidiaries, or in any way interfere with the relationship between Parent or any of its Subsidiaries, on the one hand, and any employee thereof, on the
other, (2) hire any person who is (or in the case of a former employee, was an employee of Parent or any of its Subsidiaries at any time during the 180 day period prior to any attempted hiring by Executive) an employee of Parent or any of its
Subsidiaries, (3) induce or attempt to induce any supplier, licensee, licensor or other material business relation of Parent or any of its Subsidiaries to cease doing business with Parent or such Subsidiary, or in any way interfere with the
relationship between any such supplier, licensee, licensor or material business relation and Parent or such Subsidiary of Parent, as the case may be (including, without limitation, making any negative statements or communications about Parent or any
of its Subsidiaries) or (4) Participate in any Competitive Business. “Participate” includes any direct or indirect ownership interest in any enterprise or participation in the management of such enterprise, whether as an
officer, director, employee, partner, sole proprietor, agent, representative, independent contractor, consultant, executive, franchisor, franchisee, creditor, owner or otherwise; provided that the foregoing activities shall not preclude
Executive from the passive ownership (i.e., Executive does not directly or indirectly participate in the business or management of the applicable entity) of less than 2% of the stock of a publicly-held corporation whose stock is traded on a national
securities exchange. “Competitive Business” means any business in the world that is, as of the Commencement Date of this Agreement, a direct competitor of Parent or its Subsidiaries or of any technology company controlled by Golden
Gate Capital, Koch Industries, and/or investment funds managed by Golden Gate Capital. For the avoidance of doubt, Executive’s employment by, or provision of services to, any private equity firm during or following the Employment Period shall
not be prohibited by this Section 7(a) so long as Executive’s employment or services, as applicable, do not relate to any business or investment that would constitute a Competitive Business. Executive agrees that the
aforementioned covenant contained in this Section 7(a) is reasonable with respect to its duration, geographical area and scope. Notwithstanding anything to the contrary contained in this
Section 7(a), the provisions of this Section 7(a) shall not apply to any activity conducted by Executive following the Employment Period for any business affiliated with Golden Gate Capital or
investment funds managed by Golden Gate Capital.  

  
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 (b)    If, at the time of enforcement of Sections 5, 6 or 7 of
this Agreement, a court holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be
substituted for the stated period, scope or area. Because Executive’s services are unique and because Executive has access to Confidential Information and Work Product, the parties hereto agree that money damages may not be an adequate remedy
for any breach of this letter agreement. Therefore, in the event a breach or threatened breach of this letter agreement, Parent, the Company or their respective successors or assigns may, in addition to other rights and remedies existing in their
favor, apply to any court for specific performance and/or injunctive or other relief in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security). In addition, in the event a court determines
that Executive breached or violated this Section 7, the periods of such restrictive covenants will be tolled until such breach or violation has been duly cured. 

8.    Additional Acknowledgments. Executive expressly agrees and acknowledges that the restrictions contained in
Sections 5, 6 and 7 do not preclude Executive from earning a livelihood, nor do they unreasonably impose limitations on Executive’s ability to earn a living. In addition, Executive agrees and acknowledges that the potential harm to
Parent and its Subsidiaries of the non-enforcement of Sections 5, 6 and 7 outweighs any harm to Executive of their enforcement by injunction or otherwise. Executive acknowledges that Executive has
carefully read this Agreement and has given careful consideration to the restraints imposed upon Executive by this Agreement, and is in full accord as to their necessity for the reasonable and proper protection of Confidential Information. Executive
expressly acknowledges and agrees that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, time period and geographical area. 

9.    Other Businesses. As long as Executive is employed by the Company, Executive agrees that Executive will not,
except with the express written consent of the Board, become engaged in, or render services for any business other than the business of Parent, any of its Subsidiaries or any of their affiliates if such engagement or services would impair or limit
Executive’s ability to provide the services contemplated under this Agreement. 
 10.    Executive’s
Representations. Executive hereby represents and warrants to the Company that (i) the execution, delivery and performance of this Agreement by Executive does not and will not conflict with, breach, violate or cause a default under any
contract, agreement, instrument, order, judgment or decree to which Executive is a party or by which Executive is bound, (ii) Executive is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement
with any other person or entity (other than any agreement or arrangement between Executive and any business affiliated with Golden Gate Capital or investment funds managed by Golden Gate Capital) that conflicts with Executive’s obligations
under this Agreement; and (iii) upon the execution and delivery of this Agreement by the Company and Executive, this Agreement shall be the valid and binding obligation of Executive, enforceable in accordance with its terms. Executive hereby
acknowledges and represents that he has consulted with (or has had an opportunity to consult with) independent legal counsel regarding Executive’s rights and obligations under this Agreement and that Executive fully understands the terms and
conditions contained herein. 
 11.    Survival. This Agreement shall remain in full force and effect in
accordance with its terms, notwithstanding any termination of the Employment Period for any reason. 

  
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 12.    Notices. Any notice provided for in this Agreement shall
be in writing and shall be either personally delivered, or mailed by first class mail, return receipt requested, to the recipient at the address below indicated: 

Notices to Executive: 

C. James Schaper 

635 Brisbane Manor 

Alpharetta, GA 30022 

Notices to the Company: 

Infor (US), Inc. 

Attention: Chief Executive Officer 

641 Avenue of the Americas 

4th Floor 

New York, NY 10011 

With a copy to: 

Infor (US), Inc. 

Attention: General Counsel 

Suite 110 

40 General Warren Boulevard 

Malvern, PA 19355 

Facsimile: (678) 319-9032 

or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. Any
notice under this Agreement shall be deemed to have been given when so delivered or mailed. 

13.    Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability
will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 

14.    Complete Agreement. This Agreement embodies the complete agreement and understanding among the parties with
respect its subject matter and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way, except as otherwise expressly
stated herein, including, without limitation, any prior agreement between Executive and the Company or any of its affiliates with respect to Executive’s employment by Parent or any of its Subsidiaries (but excluding, for the avoidance of doubt,
any agreement between Executive and Parent or any of its Subsidiaries with respect to Executive’s ownership of any equity securities (including options) of Parent or any of its Subsidiaries). 

  
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 15.    No Strict Construction. The language used in this
Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 

16.    Counterparts. This Agreement may be executed in separate counterparts (including by means of facsimile),
each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 

17.    Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by
Executive, the Company and their respective heirs, successors and assigns, except that Executive may not assign his rights or delegate his obligations hereunder. Each of Parent and each of its Subsidiaries and Golden Gate Capital and the investment
funds managed by it are intended third party beneficiaries of this Agreement to the extent provided herein. 

18.    Choice of Law; Venue; Waiver of Jury Trial. All issues and questions concerning the construction, validity,
enforcement and interpretation of this Agreement and the schedules hereto shall be governed by, and construed in accordance with, the laws of the State of Georgia, without giving effect to any choice of law or conflict of law rules or provisions
(whether of the State of Georgia or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of State of Georgia. In addition, the parties agree to the waiver of a jury trial in connection
with any dispute, claim or controversy arising out of or related to this Agreement. Each party hereto irrevocably and unconditionally (a) consents to submit to the exclusive jurisdiction of the courts of the State of Georgia and of the United
States of America located in the State of Georgia for any action, suit or proceeding arising out of or relating to this Agreement (and irrevocably and unconditionally agrees not to commence any such action, suit or proceeding except in such courts,
other than in connection with the enforcement of a judgment rendered by any such court, which judgment may be enforced in any court having appropriate jurisdiction), (b) waives any objection to the laying of venue of any such action, suit or
proceeding in any such courts and (c) waives and agrees not to plead or claim that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 

19.    Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior written
consent of the Board and Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement. 

20.    Tax Withholdings. All amounts specified herein shall be reduced by all required tax withholdings. 

21.    Section 409A Compliance. 

(a)    The intent of the parties is that payments and benefits under this Agreement comply with Code Section 409A and
the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no
event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A. 

  
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 (b)    A termination of employment shall not be deemed to have occurred
for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code
Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” 

(c)    Notwithstanding any other payment schedule provided herein to the contrary, if Executive is deemed on the date of
termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then each of the following shall apply: 

(i)    With regard to any payment that is considered deferred compensation under Code Section 409A payable on
account of a “separation from service,” such payment shall be made on the date which is the earlier of (A) the expiration of the six-month period measured from the date of such “separation
from service” of Executive, and (B) the date of Executive’s death (the “Delay Period”) to the extent required under Code Section 409A. Upon the expiration of the Delay Period, all payments delayed pursuant to
this Section 21(c)(i) (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid to Executive in a lump sum, and all remaining payments due under this
Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein; and 

(ii)    To the extent that any benefits to be provided during the Delay Period is considered deferred compensation under
Code Section 409A provided on account of a “separation from service,” and such benefits are not otherwise exempt from Code Section 409A, Executive shall pay the cost of such benefits during the Delay Period, and the Company shall
reimburse Executive, to the extent that such costs would otherwise have been paid by the Company or to the extent that such benefits would otherwise have been provided by the Company at no cost to Executive, the Company’s share of the cost of
such benefits upon expiration of the Delay Period, and any remaining benefits shall be reimbursed or provided by the Company in accordance with the procedures specified herein. 

(d)    For purposes of Code Section 409A, Executive’s right to receive any installment payment pursuant to this
Agreement shall be treated as a right to receive a series of separate and distinct payments. 
 (e)    Notwithstanding
any other provision of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes “deferred compensation” for purposes of Code Section 409A be subject to offset unless otherwise permitted by
Code Section 409A. 
 * * * * * * 

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

			
	INFOR (US), INC.
		
	By:	 	/s/ Gregory M. Giangiordano
	 Name:
 Its:
	 	 Gregory M. Giangiordano

President

	
	/s/ C. James Schaper
	C. JAMES SCHAPER

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