PEROT SYSTEMS CORPORATION LETTERHEAD] Date Address Address Dear :Severance Agreement • October 30th, 2009 • Perot Systems Corp • Services-computer processing & data preparation • Delaware
As you are aware, in connection with the Merger Agreement, the Board authorized certain changes to your severance benefit program. The purpose of this letter agreement (“Agreement”) is to set forth the terms and conditions of your severance benefits as modified by the Board pursuant to the Merger Agreement and to explain certain limitations that may govern their overall value or payment date. This Agreement generally supersedes and replaces the prior letter agreement between you and the Company dated [ , ___] (the “Prior Agreement”), regarding your severance benefits following a change in ownership or control of the Company; provided, however, that the terms of this Agreement will be void and of no effect if your employment with the Company is terminated prior to the 80% Threshold Time or if the Merger does not occur, in both of which cases the terms of the Prior Agreement will remain in effect and govern any severance benefits payable to you by the Company. In the event of competing o
