ANTEON INTERNATIONAL CORPORATION EXECUTIVE AGREEMENT

 

                                                                    Exhibit 10.1

 

 

                            PERSONAL AND CONFIDENTIAL

 

 

              ANTEON INTERNATIONAL CORPORATION EXECUTIVE AGREEMENT

 

 

                  THIS  AGREEMENT  is made as of  ______________  by and between

Anteon International  Corporation  ("Anteon" and, together with its subsidiaries

and  divisions,  the  "Company")  and the key officer of the Company  whose name

appears on the signature page hereof (the "Executive).

 

1.  Introduction.  Anteon's  philosophy  is to provide to its  officers  and key

executives a compensation program that it considers to be among the very best in

its industry  and  therefore  desires to make the benefits  provided for in this

agreement available to the Executive as part of his or her compensation package.

 

2.      Definitions

 

        2.1     "Agreement"   means  this  agreement   between  Anteon  and  the

                Executive.

 

        2.2     "Anteon" means Anteon International Corporation or any successor

                to  substantially  all of the business and  operations of Anteon

                International Corporation.

 

        2.3     "Board" means the Board of Directors of Anteon.

 

        2.4     "Bonus  Opportunity"  means the percentage of Salary that is the

                target bonus for the relevant year, as established by the Board.

 

        2.5     "Cause" means the  Executive's (i) conviction of, or pleading of

                nolo  contendere to, a felony level criminal  violation,  or the

                commission of any act of dishonesty,  disloyalty,  misconduct or

                moral  turpitude that is injurious to the property,  operations,

                business  or  reputation  of  the  Company,   or  (ii)  material

                misconduct  or  failure  to  perform  his  or  her  duties  in a

                reasonably  satisfactory  manner  after the  receipt of a notice

                from the Company  detailing such  misconduct or failure,  if the

                misconduct  or failure is  capable of cure,  and the  subsequent

                failure  by the  Executive  to cure such  misconduct  or failure

                within thirty (30) days of receipt of such notice.

 

        2.6     "Change in Control" means:

 

                (i) the acquisition by any  individual,  entity or group (within

                the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act)

                (a "Person") of beneficial ownership (within the meaning of Rule

                13d-3  promulgated under the Exchange Act) of 50% or more of the

                combined voting power of the then outstanding  voting securities

                of the Corporation entitled to vote generally in the election of

                directors (the  "Outstanding  Corporation  Voting  Securities");

                provided,  however,  that for  purposes of this  Agreement,  the

                following acquisitions shall not constitute a Change in Control:

                (I) any acquisition by the Corporation or any affiliate thereof,

                (II) any  acquisition by any employee  benefit plan sponsored or

                maintained by the Corporation or any affiliate thereof, or (III)

                any acquisition  which complies with clauses (A), (B) and (C) of

                subsection (v) of this Section 2.6;

 

                (ii) Individuals  who, on the date hereof,  constitute the Board

                (the "Incumbent  Directors")  cease for any reason to constitute

                at least a  majority  of the  Board,  provided  that any  person

                becoming  a  director  subsequent  to  the  date  hereof,  whose

                election or nomination for election was approved by a vote of at

                least  two-thirds of the Incumbent  Directors  then on the Board

                (either by a specific vote or by approval of the proxy statement

                of the  Corporation  in which such  person is named as a nominee

                for  director,  without  written  objection to such  nomination)

                shall  be an  Incumbent  Director;  provided,  however,  that no

                individual  initially elected or nominated as a -------- -------

                director  of  the  Corporation  as a  result  of  an  actual  or

                threatened  election  contest  with respect to directors or as a

                result of any other actual or threatened solicitation of proxies

                or consents  by or on behalf of any person  other than the Board

                shall be deemed to be an Incumbent Director;

 

                (iii)  approval by the  shareholders  of the  Corporation of the

                dissolution or liquidation of the Corporation;

 

                (iv) the sale of all or  substantially  all of the  business  or

                assets of the  Corporation  to any Person (other than a transfer

                to a subsidiary); or

 

                (v) the consummation of a merger, consolidation, statutory share

                exchange or similar form of corporate  transaction involving the

                Corporation  that  requires  the  approval of the  Corporation's

                stockholders,  whether for such  transaction  or the issuance of

                securities in the transaction (a "Business Combination"), unless

                immediately following such Business  Combination:  (A) more than

                50% of the total voting power of (x) the  corporation  resulting

                from such Business Combination (the "Surviving Corporation"), or

                (y) if applicable, the ultimate parent corporation that directly

                or indirectly  has  beneficial  ownership of  sufficient  voting

                securities  eligible to elect a majority of the directors of the

                Surviving Corporation (the "Parent Corporation"), is represented

                by the  Outstanding  Corporation  Voting  Securities  that  were

                outstanding  immediately prior to such Business Combination (or,

                if   applicable,   is  represented  by  shares  into  which  the

                Outstanding   Corporation   Voting   Securities  were  converted

                pursuant to such  Business  Combination),  and such voting power

                among  the  holders  thereof  is  in   substantially   the  same

                proportion  as the  voting  power  of the  Corporation's  Voting

                Securities  among the holders thereof  immediately  prior to the

                Business  Combination,  (B) no Person  (other than any  employee

                benefit  plan   sponsored  or   maintained   by  the   Surviving

                Corporation  or  the  Parent  Corporation  , is or  becomes  the

                beneficial owner, directly or indirectly,  of 50% or more of the

                total voting power of the outstanding voting securities eligible

                to elect directors of the Parent Corporation (or, if there is no

                Parent Corporation,  the Surviving Corporation) and (C) at least

                a  majority  of the  members  of the board of  directors  of the

                Parent Corporation (or, if there is no Parent  Corporation,  the

                Surviving   Corporation)   following  the  consummation  of  the

                Business  Combination  were  Board  members  at the  time of the

                Board's  approval  of the  execution  of the  initial  agreement

                providing for such Business Combination.

 

        2.7     "Committee"  means the Compensation  Committee  appointed by the

                Board or if there is no such committee, then the Board.

 

        2.8     "Company"  means  Anteon   International   Corporation  and  its

                subsidiaries,  or  any  successor  to  substantially  all of the

                business and operations of Anteon International  Corporation and

                its subsidiaries.

 

        2.9     "ERISA"  means the Employee  Retirement  Income  Security Act of

                1974, as amended from time to time.

 

        2.10    "Executive"  means the  individual  identified  on the signature

                page of this Agreement.

 

        2.11    "Extended  Compensation  Payments"  means all  amounts,  if any,

                payable under  Section 3 and Exhibit A of this  Agreement to the

                Covered   Employee  upon  a  termination   without  Cause  or  a

                resignation for Good Reason.

 

 

        2.12    "Good  Reason"  means  the  Executive's   resignation  from  all

                employment and service with the Company within 90 days after the

                occurrence of one or more of the following:

 

                (i) a reduction in his or her Salary or Bonus  Opportunity  from

                that of the  prior  year,  or a  reduction  in  Salary  or Bonus

                Opportunity  already  established  for a given  year  (it  being

                understood   that  any  bonus   payments   will  be  subject  to

                performance and/or service goals as the Board may prescribe),

 

                (ii)  a  material   diminution  in  the  Executive's  duties  or

                responsibilities  (but a  change  in the  Executive's  reporting

                relationships or  responsibilities  within the Company or within

                any successor to substantially  all of the Company' business and

                operations shall not itself constitute "Good Reason").

 

                (iii) the  Company  requires  the  Executive  to be based at any

                place  outside a 50 mile radius from the work  location at which

                the Executive was based on the date of the Change in Control,

 

                (iv) the  insolvency or the filing (by any party,  including the

                Company) of a petition for bankruptcy of the Company;

 

                (v) any material  breach by the Company of any provision of this

                Agreement

 

                (vi) any purported termination of the Executive's employment for

                Cause by the  Company  which does not  comply  with the terms of

                Section 2.5 hereof,

 

                (vii)  any  event or  condition  described  in  Section  2.13(i)

                through (vi) which occurs prior to a Change in Control but which

                the Executive reasonably  demonstrates (a) was at the request of

                a third  party who has  indicated  an  intention  or taken steps

                reasonably  calculated  to  effect a Change in  Control,  or (b)

                otherwise   arose  in  connection  with  a  Change  in  Control.

 

                Notwithstanding anything in this Section 2.13, the Executive may

                not resign for "Good  Reason"  unless he or she shall have first

                given notice to Anteon of the reason for such  resignation,  and

                Anteon or the Company shall have failed to  reasonably  cure the

                situation within thirty (30) days of receipt of such notice

 

        2.13    "Release"  means a  written  release,  in the  form as  attached

                hereto,  executed by the Executive who has been granted Extended

                Compensation  Payments,  releasing and  discharging the Company,

                its  trustees,   officers,   directors,   employees,   advisers,

                consultants,  shareholders,  agents  and  other  representatives

                (including,  but not limited  to, the members of the  Committee)

                from and against  all claims,  liabilities  and  obligations  in

                respect of or arising out of the Executive's employment,  and/or

                any termination of or resignation  therefrom,  including but not

                limited to,  claims under the Age  Discrimination  in Employment

                Act of 1967, as amended.

 

2.14 "Salary" means the annual rate of

                base salary of the  Executive  (prior to any  reduction  for the

                Executive's  contributions  to any  employee  benefit,  deferred

                compensation, retirement or other plan or arrangement maintained

                or administered by the Company) as in effect  immediately  prior

                to any without Cause termination or resignation for Good Reason.

                Monthly Salary shall be determined by dividing the rate referred

                to in the  preceding  sentence by 12.

 

        2.15    "Service"  means  the  Executive's  last  continuous  period  of

                employment and service with the Company.

 

        2.16    "Term" of this Agreement means the period commencing on the date

                first written above and ending on December 31, 2004 and shall be

                automatically  extended on each  December 31  thereafter  unless

                either Anteon or the Executive  gives written notice at least 30

                days prior to the relevant December 31 that either Anteon or the

                Executive, as the case may be, elects not to have this Agreement

                continue beyond its then scheduled expiration date.

 

        2.17    "Termination of Employment" means the Executive's termination of

                employment with and separation of service from the Company.

 

3.      Grants and Amounts of Protection Payments

 

        3.1     If during the Term of this  Agreement a Change in Control of the

                Company shall occur and during the two year period following the

                date of such Change in Control (a) the Company  shall  terminate

                the Executive's  employment  without Cause, or (b) the Executive

                shall resign for Good Reason,  then the  Executive  will receive

                Extended Compensation Payments equal to the following:

 

                3.1.1  Accrued  Salary.  Within 15 days of  termination  without

                Cause or resignation for Good Reason, the Executive will receive

                all accrued but unpaid Salary through the date of termination.

 

                3.1.2 Salary  Continuation.  The Executive  will be paid regular

                monthly payments as if his or her Salary were continuing for the

                period  set forth on Exhibit  A,  commencing  on the date of the

                termination without Cause or resignation for Good Reason.

 

                3.1.3 Accrued Bonus.  The Executive will receive  payment of his

                or her  bonus  entitlement  for the  year in  which  either  the

                without Cause termination or resignation for Good Reason occurs,

                which would otherwise have been paid had the Executive  remained

                employed  by Anteon  through  the end of such  year.  Such bonus

                shall be payable to the Executive within fifteen (15) days after

                the date of the without Cause  termination  or  resignation  for

                Good Reason.

 

                3.1.4 Bonus Continuation. The Executive will be paid one-twelfth

                of his or her  "annual  target  bonus",  for  each  month of the

                period set forth on Exhibit  A, such  amount to be paid  monthly

                commencing  on the  date of the  termination  without  Cause  or

                resignation  for Good Reason.  The "annual  target  bonus" shall

                mean an  amount  equal  to one  hundred  percent  (100%)  of the

                Executive's  bonus  established for the year in which either the

                without Cause termination or resignation for Good Reason occurs.

 

                3.1.5  Accrued  General  Leave.  Within  15 days of  termination

                without Cause or resignation for Good Reason, the Executive will

                receive a payment  for all  accrued  but  unused  General  Leave

                through the date of termination.

 

                3.1.6   Medical/Dental   Insurance.   Medical/dental   insurance

                coverage for the Executive and his or her eligible dependents is

                to be  continued  under  the plan in  effect  on the date of the

                without Cause  termination  or resignation  for Good Reason,  as

                modified  from  time  to  time  for  similarly  situated  active

                executives.  Anteon  will pay its normal  share of the  coverage

                rate for a period as set forth on  Exhibit A, or until such time

                as the Executive is covered by the  medical/dental  insurance of

                another  employer,  whichever  occurs  first.  The Executive may

                continue  medical/dental  insurance  through  COBRA for up to an

                additional  eighteen  months by  paying  the  required  premiums

                monthly  in advance to Anteon,  as  provided  by and  subject to

                COBRA.

 

                3.1.7 Life  Insurance.  If the Executive is being provided basic

                life insurance  coverage at the time of  separation,  such basic

                life  insurance  coverage  shall  continue  in  accordance  with

                Anteon's policies on life insurance coverage as may be in effect

                from time to time, for the period set forth on Exhibit A, or, if

                earlier,  until such time as (x) the  Executive  is eligible for

                coverage by the life insurance of another employer or (y) Anteon

                ceases to provide its similarly  situated  executives with basic

                life insurance coverage, whichever occurs first.

 

                3.1.8 Retirement Plans. Benefits accrued through the termination

                date are governed by the provisions of the applicable "qualified

                retirement  plan"  and  supplemental   retirement  savings  plan

                documents.

 

        3.2     Notwithstanding  anything  to the  contrary  in this  Agreement,

                under no  circumstances  may the Executive  receive any Extended

                Compensation  Payments under the terms of this Agreement  unless

                the  Committee  has  received  from the  Executive  an  executed

                Release,   in  the  form  attached  hereto,  that  has  remained

                unrevoked  for at least  eight (8) days (or such  longer time as

                Employee  may  have a right  to  terminate  such  Release  under

                applicable law). In addition,  Anteon may immediately  cease the

                payment of any Extended  Compensation  Payments if the Executive

                is in  violation of any of the  provisions  of Section 5 of this

                Agreement.

 

        3.2     The Executive shall have no benefits under this Agreement in the

                event the  Executive  is  terminated  with  Cause or  terminates

                employment  other than for Good Reason.

 

4.      Administration

 

        4.1     Subject  to  Section  6.6  hereof,  the  Committee  shall be the

                administrator  of this  Agreement,  and shall have such  rights,

                powers and  authorities  commensurate  with such position.  Such

                powers shall  include,  without  limitation,  the  discretion to

                reasonably  interpret the provisions of this Agreement,  as well

                as the discretion to resolve any conflicts or questions  arising

                therefrom.

 

5.      Obligations of the Executive

 

        5.1     Non-Solicitation.  The Company has  invested  substantial  time,

                money and  resources  in the  development  and  retention of its

                inventions,  confidential information (including trade secrets),

                customers,  accounts and business partners, and during and prior

                to the course of the  Executive's  employment  with the Company,

                the  Executive  has had and will have  access  to the  Company's

                inventions, confidential information (including, but not limited

                to, employee  compensation data, cost and pricing data and other

                trade  secrets)  and  contractual  relationships,  and  will  be

                introduced  to  existing  and  prospective  customers,  vendors,

                accounts  and  business  partners  of the  Company.  Any and all

                "goodwill" associated with any existing or prospective customer,

                vendor,  account or business partner belongs  exclusively to the

                Company,  including, but not limited to, any goodwill created as

                a result of direct or indirect contacts or relationships between

                the  Executive  and  any  existing  or  prospective   customers,

                vendors,  cable  operators,  accounts or business  partners.  In

                recognition  of  this,  and in  partial  consideration  for  the

                Company  entering into this Agreement  with the