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Bearingpoint Inc – ‘10-K’ for 12/31/04 – EX-10.84

On:  Tuesday, 1/31/06, at 4:12pm ET   ·   For:  12/31/04   ·   Accession #:  1193125-6-16159   ·   File #:  1-31451

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 1/31/06  Bearingpoint Inc                  10-K       12/31/04   59:10M                                    RR Donnelley/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.75M 
 4: EX-10.21    Material Contract                                   HTML     73K 
 5: EX-10.24    Material Contract                                   HTML     22K 
 6: EX-10.25    Material Contract                                   HTML     29K 
 7: EX-10.26    Material Contract                                   HTML     19K 
 8: EX-10.28    Material Contract                                   HTML     21K 
 9: EX-10.29    Material Contract                                   HTML    161K 
10: EX-10.30    Material Contract                                   HTML    155K 
11: EX-10.44    Material Contract                                   HTML    635K 
12: EX-10.45    Material Contract                                   HTML     75K 
13: EX-10.46    Material Contract                                   HTML     44K 
14: EX-10.47    Material Contract                                   HTML    120K 
15: EX-10.48    Material Contract                                   HTML    185K 
16: EX-10.49    Material Contract                                   HTML     49K 
17: EX-10.50    Exhbiit 10.50                                       HTML     84K 
18: EX-10.51    Material Contract                                   HTML     41K 
19: EX-10.52    Material Contract                                   HTML     58K 
20: EX-10.53    Material Contract                                   HTML     39K 
21: EX-10.54    Material Contract                                   HTML   1.24M 
22: EX-10.55    Material Contract                                   HTML     67K 
23: EX-10.56    Material Contract                                   HTML    355K 
24: EX-10.57    Material Contract                                   HTML     22K 
25: EX-10.58    Material Contract                                   HTML     22K 
26: EX-10.64    Material Contract                                   HTML     66K 
27: EX-10.66    Material Contract                                   HTML     77K 
28: EX-10.67    Material Contract                                   HTML     76K 
29: EX-10.68    Material Contract                                   HTML    177K 
30: EX-10.69    Material Contract                                   HTML    640K 
31: EX-10.70    Material Contract                                   HTML    113K 
32: EX-10.71    Material Contract                                   HTML     76K 
33: EX-10.72    Material Contract                                   HTML     79K 
34: EX-10.73    Material Contract                                   HTML    535K 
35: EX-10.74    Material Contract                                   HTML    116K 
36: EX-10.75    Material Contract                                   HTML    164K 
37: EX-10.76    Material Contract                                   HTML    187K 
38: EX-10.77    Material Contract                                   HTML     97K 
39: EX-10.78    Material Contract                                   HTML    151K 
 2: EX-10.8     Material Contract                                   HTML     28K 
40: EX-10.81    Material Contract                                   HTML     50K 
41: EX-10.82    Material Contract                                   HTML     94K 
42: EX-10.83    Material Contract                                   HTML     31K 
43: EX-10.84    Material Contract                                   HTML     26K 
44: EX-10.85    Material Contract                                   HTML     21K 
45: EX-10.86    Material Contract                                   HTML     66K 
46: EX-10.87    Material Contract                                   HTML     76K 
47: EX-10.88    Material Contract                                   HTML     54K 
48: EX-10.89    Material Contract                                   HTML     67K 
 3: EX-10.9     Material Contract                                   HTML     82K 
49: EX-10.90    Material Contract                                   HTML     68K 
50: EX-10.91    Material Contract                                   HTML     49K 
51: EX-10.92    Material Contract                                   HTML     64K 
52: EX-10.93    Material Contract                                   HTML     68K 
53: EX-10.94    Material Contract                                   HTML     15K 
54: EX-10.95    Material Contract                                   HTML     19K 
55: EX-10.96    Material Contract                                   HTML     15K 
56: EX-21.1     Subsidiaries of the Registrant                      HTML     33K 
57: EX-31.1     Certification per Sarbanes-Oxley Act (Section 302)  HTML     23K 
58: EX-32.1     Certification per Sarbanes-Oxley Act (Section 906)  HTML     18K 
59: EX-99.1     Miscellaneous Exhibit                               HTML    229K 


EX-10.84   —   Material Contract


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Exhibit 10.84  

Exhibit 10.84

 

LOGO

 

PRIVATE & CONFIDENTIAL

Joseph Corbett

[Address]

 

Employment Offer Letter and Terms and Conditions of Employment

Full-Time, Salaried Executive Vice President

 

Dear Joe:

 

On behalf of BearingPoint, Inc., I am pleased to offer you the position of Chief Financial Officer and Executive Vice President in the Tysons Tower office effective January 14, 2005. Your annualized base salary will be $ 500,000, paid semi-monthly. You will also be eligible to participate in the Executive Vice President Compensation Plan and be eligible for future compensation adjustments subject to the guidelines of the company’s performance management programs.

 

In addition to the base salary, from your date of hire to May 31, 2005, you will receive additional pay of $300,000 paid ratably over the period in equal installments each pay date.

 

Your title will be Executive Vice President and Chief Financial Officer; however for payroll reasons, your level is listed as Executive Vice President.

 

In addition, you will be provided an initial grant of 200,000 options to purchase shares of BearingPoint, Inc. common stock under the BearingPoint, Inc. Long Term Incentive Plan. The price of these options will be set based on fair market value at the close of market on your first day of employment. Within thirty days after your first day of employment, you will receive a Stock Option Agreement that details the various aspects of your initial grant and other option issues, and requires your signature of acceptance and understanding.

 

You will be entitled to 25 annual personal days, accrued monthly based on hours worked, to use for vacation, illness, or other personal absences. These personal days are in addition to eight company-designated holidays. As a full-time employee, you will also be eligible to participate in our Personal Benefits Program.

 

Any controversy or claim arising out of, or relating to your employment with BearingPoint, Inc., or the termination of such employment (including any claim of discrimination), based on Federal or state law, shall be settled by binding arbitration to be held in Fairfax County, Virginia USA, in accordance with the American Arbitration Association’s Rules for the Resolution of Employment Disputes. Solely and expressly excluded from the arbitration process shall be claims by BearingPoint, Inc. for injunctive relief for use or unauthorized disclosure of proprietary/confidential information, unfair competition or other claim of breach by you of the terms of your employment with BearingPoint, Inc.

 

There are a number of important items we wish to cover in this letter. Please read the following and call us with any questions you may have.

 

    Contributory benefits such as (medical, dental, supplemental life insurance, long-term disability and optional accidental death and dismemberment) are effective the first day of the calendar month following the hire date, unless someone is hired on the first day of the month, in which case they will be effective immediately. All other Non-contributory benefits (business travel accident insurance, short-term disability and personal days) are effective upon the hire date.

 

    As a Managing Director and senior executive of the Company, you are eligible to participate in additional firm provided benefits to include, but not limited to, the Deferred Compensation Plan, Group Variable Universal Life, and Spouse and Dependant Life Insurance.

 

    Please read this Offer of Employment and the accompanying Managing Director Agreement and attached Policy Documents, and Special Termination Agreement carefully. Signing each of these documents is a condition of employment. As noted therein, employment with BearingPoint, Inc. is not for a specific term and may be terminated by you or by the company at any time, for any or no reason, with or without cause.


    In compliance with the Immigration Reform and Control Act, federal law requires employers to verify work authorization upon hire. Shortly before your start date you will receive information that describes these requirements and the documents you need to bring on your first day.

 

In compliance with the Fair Credit Reporting Act, employment with BearingPoint, Inc. is contingent upon satisfactory completion of the company’s employment screening process. This may include a public source background inquiry and receipt of satisfactory information regarding your employment history. During the interview process, you signed a Disclosure and Authorization for Release of Information form authorizing BearingPoint, Inc. to compile a background report. This background verification process has been concluded with no material adverse findings, and the associated contingency is satisfied. If BearingPoint, Inc. subsequently finds that you have made any misrepresentations, however, BearingPoint, Inc may withdraw any offer of employment or terminate your employment without obligation on the part of BearingPoint, Inc., except payment to you for any services rendered. The items in this letter, the addendum, the Special Termination Agreement, and the Managing Director Agreement, all executed contemporaneously with this Offer Letter, and the items referred to hereinabove, represent BearingPoint, Inc.’s entire offer of employment to you. Any contrary representations that may have been made to you at any time are superseded by this offer. By signing below, you accept this offer of employment in accordance with the terms and conditions of employment specified in this letter. The laws of the Commonwealth of Virginia shall govern this Agreement. This offer of employment will remain in effect through January 14, 2005.

 

The parties have expressly agreed between themselves to use electronic signatures as a procedural mechanism to execute agreements between themselves. Both parties agree that electronic signatures properly verified by reference to their public key shall be recognized as valid. For the avoidance of doubt, it is agreed between the parties that the information and contract shall not be denied legal effect, validity or enforceability solely on the grounds that electronic signatures have been used.

 

Joe, we are excited about having you join us. To inform us of your decision, please complete the online acceptance process and electronically sign your employment documents.

 

Should you have any questions, contact Sean Huurman, your recruiting representative, at 972-373-7440.

 

Very truly yours,

/s/ Roderick McGeary

Roderick McGeary

Chief Executive Officer

/s/ Joseph Corbett

Joseph Corbett (Signed: 1/15/2005 11:39:05 PM EST (GMT-05:00))

Signature Information


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:1/31/06
5/31/05
1/14/053,  8-K
For Period End:12/31/04NT 10-K
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Filing Submission 0001193125-06-016159   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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