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COMPUWARE
CORPORATION
AMENDED AND RESTATED 2005 NON-EMPLOYEE DIRECTORS
DEFERRED COMPENSATION PLAN
FORFEITURE AND REPLACEMENT AGREEMENT
THIS
FORFEITURE AND REPLACEMENT AGREEMENT (“Agreement”)
dated
, is between COMPUWARE CORPORATION (the “Company”) and
«director» (the
“Director”).
WHEREAS,
the Director is currently a participant in the Amended and Restated
2005 Directors’ Deferred Compensation Plan (the
“Plan”);
WHEREAS,
the Director currently has the right to receive a payment of cash
pursuant to prior deferrals made by the Director under the Plan
(the “Deferred Compensation Payment”) to be paid out in
accordance with the Director’s Deferred Compensation
Distribution Election Agreement;
WHEREAS,
the Director desires to forfeit all rights to the Deferred
Compensation Payment, any rights granted under the Director’s
Deferred Compensation Agreement and the Director’s Deferred
Compensation Distribution Election Agreement;
WHEREAS,
IRS Notice 2007-86 permits a change in the time and form of payment
under the Plan on or before December 31, 2008 without
triggering a change in the time and form of payment under Internal
Revenue Code Section 409A(a)(4)(C) or an
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