CERIDIAN CORPORATION EXECUTIVE EMPLOYMENT AGREEMENTEmployment Agreement • March 12th, 2007 • Ceridian Corp /De/ • Services-management consulting services • Minnesota
NOW, THEREFORE, in consideration of Executive’s acceptance of and continuance in Executive’s employment for the term of this Agreement and the parties’ agreement to be bound by the terms contained herein, the parties agree as follows:
CERIDIAN CORPORATION Personal and ConfidentialMutual Termination Agreement • March 12th, 2007 • Ceridian Corp /De/ • Services-management consulting services • Minnesota
This Mutual Termination Agreement (the “MTA”) will confirm the agreement to mutually terminate the employment relationship between Ceridian Corporation, on behalf of itself and its subsidiaries, affiliates, directors, officers, successors, assigns, and agents (“Ceridian”) and you. In addition, and pursuant to Ceridian’s Corporate Governance Policies and Guidelines, you have resigned as an officer of the Corporation effective March 8, 2007 (the “Termination Date”). For purposes of this Agreement, the term “Payment Date” shall mean any date within five business days following satisfaction of the Release Conditions (subject to paragraph 25 of this MTA). For purposes of this Agreement, the term “Release Conditions” shall mean (a) your execution and delivery to Ceridian of the Release attached as Exhibit A to this MTA (the “Release”) and (b) your non-revocation of the Release during the fifteen calendar days following your execution and delivery to Ceridian of the Release.
