MANAGING DIRECTOR AGREEMENT MEMBER DISTRIBUTION AGREEMENT MEMBER AGREEMENT AMENDMENTManaging Director Agreement Member Distribution Agreement Member Agreement • June 5th, 2009 • Bearingpoint Inc • Services-management consulting services
BearingPoint, Inc. (the “Company”) and certain employees (the “Managing Directors”) have entered into individual Member Distribution Agreements, Member Agreements or Managing Director Agreements (“MD Agreements”), pursuant to which the Company has agreed to make severance payments in the event of an involuntary termination of a Managing Director’s employment without cause. The Company has determined that it is in the best interest of the Company and Executive to provide that the benefits provided under the Agreements shall satisfy the requirements of Section 409A of the Internal Revenue Code of 1986, as amended. The Company therefore amends each MD Agreement, effective as of December 31, 2008, as follows:
