Date: Sept. 3, 2008 To: Perry H. Cliburn From: Kairus K. Tarapore Subject: Mutual Termination AgreementMutual Termination Agreement • September 12th, 2008 • Ceridian Canada Holdings, Inc. • Services-management consulting services • Minnesota
This Mutual Termination Agreement (the “MTA”) will confirm the agreement to mutually terminate the employment relationship between Ceridian Corporation and any of its subsidiaries, or affiliates, and their respective successors and assigns (“Ceridian”) and you. Ceridian and you are parties to that certain Executive Employment Agreement, dated as of December 16, 2006 (the “EEA”), which governs certain matters concerning your employment, and the parties, by means of this MTA desire to set forth the terms and conditions under which the EEA will be terminated effective December 31, 2008, and, accordingly, your employment by Ceridian will cease. In addition to other matters set forth in this MTA, and pursuant to Ceridian’s Corporate Governance Policies and Guidelines, you agree that you will resign as an officer of Ceridian and from any and all positions you may hold with Ceridian or any of its subsidiaries or affiliates effective as of December 31, 2008 (the “Employment Termination Date”).
