SEC Contract Filing

Filing Date: 2023-02-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.(F)(25)
<SEQUENCE>4
<FILENAME>exhibit10f25_psuxsipcashse.htm
<DESCRIPTION>EX-10.(F)(25) XSIP PSU CASH-SETTLED
<TEXT>
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<title>Document</title></head><body><div id="i45b0de76996b420db52d92cbfc2bf7b4_1"></div><div style="min-height:45.36pt;width:100%"><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:100%">XSIP PSU Cash-Settled</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></div><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Exhibit 10(f)(25)</font></div></div><div style="margin-top:8.15pt;padding-left:195.6pt;padding-right:195.6pt;text-align:center"><font><br></font></div><div style="padding-left:92.37pt;padding-right:92.37pt;text-align:center"><font><br></font></div><div style="padding-left:92.37pt;padding-right:92.37pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">XSIP PERFORMANCE STOCK UNIT </font></div><div style="padding-left:92.37pt;padding-right:92.37pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">AWARD AGREEMENT</font></div><div style="padding-left:195.8pt;padding-right:195.8pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:114%">PURSUANT TO</font></div><div style="margin-top:0.1pt;padding-left:195.85pt;padding-right:195.85pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">XEROX HOLDINGS CORPORATION PERFORMANCE INCENTIVE PLAN</font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="padding-left:34pt;padding-right:12.55pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">AGREEMENT, by Xerox Holdings Corporation, a New York corporation (the &#8220;Company&#8221;), dated </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#60;&#60;Grant Date&#62;&#62;, </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(the &#8220;Grant Date&#8221;) in favor of </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#60;&#60;First Name Last Name&#62;&#62; </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(&#8220;Employee&#8221;), who is an employee of the Company or of a subsidiary or affiliate thereof (collectively, the &#8220;Employer&#8221;).</font></div><div style="margin-top:0.4pt"><font><br></font></div><div style="padding-left:34pt;padding-right:12.45pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">In accordance with the provisions of the Xerox Holdings Corporation Performance Incentive Plan and any amendments and&#47;or restatements thereof (the &#8220;Plan&#8221;), the Compensation Committee of the Board of Directors of the Company (the &#8220;Committee&#8221;) or the Chief Executive Officer of the Company (the &#8220;CEO&#8221;), as applicable, has authorized the execution and delivery of this Agreement. The operation of this Agreement is conditioned upon its acceptance by Employee as described below.</font></div><div style="margin-top:0.4pt"><font><br></font></div><div style="padding-left:34pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Terms not defined herein shall have the meanings assigned to them in the Plan.</font></div><div style="margin-top:8.95pt;padding-left:34pt;padding-right:17.4pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration the Company agrees as follows&#58;</font></div><div style="margin-top:0.45pt"><font><br></font></div><div style="margin-top:0.05pt;padding-left:34.35pt;padding-right:12.45pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%;padding-left:30.15pt;text-decoration:underline">Award of Performance Stock Units</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">. Subject to all terms and conditions of the Plan and this Agreement, the Company hereby awards to Employee, as of the Grant Date, </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#60;&#60;Granted Shares&#62;&#62; </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Performance Share Units (each a &#8220;PSU&#8221; and collectively, &#8220;PSUs&#8221;). Notwithstanding anything herein to the contrary, only an active employee or an employee on Short- Term Disability Leave, Social Service Leave, Family Medical Leave or Paid Uniform Services Leave (in each case, pursuant to the Company&#8217;s Human Resources Policies or similar policies of the Company&#8217;s subsidiaries or affiliates) on the Grant Date is eligible to receive this award. The PSUs represent an unfunded, unsecured right to receive p