8-K

gebeuren volgens de overgangsbepalingen zoals opgenomen in de artikelen 67, 68 en 69 van de wet van 26 december 2013 betreffende de invoering van het eenheidsstatuut, waarbij de periode van 1 mei 1987 tot 31 december 2013 volledig in aanmerking moet worden genomen en de vertrekvergoedingen moeten worden berekend volgens de regeling van artikel 68 van voornoemde wet.

Elke aldus berekende beëindigingsvergoeding kan worden opgesplitst over de Moedervennootschap en de Belgische Dochtervennootschap, overeenkomstig de fiscale regelgeving zoals van toepassing op het ogenblik van de beëindiging in de verschillende landen van tewerkstelling.

according to the transitional provisions as included in the articles 67, 68 and 69 of the law of 26 December 2013 regarding the introduction of a unified statute, with the period from May 1, 1987 until December 31, 2013 fully to be taken into account and severance payments to be calculated under the scheme of article 68 of said legislation.

Any termination indemnity so calculated may have to be split over Parent Company and Belgian Subsidiary, as per the tax regulations as applicable at the time of termination in the different work countries.

Artikel 3 Opsplitsing van het salaris

Article 3 Salary Split

3.1.

Rekening houdend met de verwachte omvang van de opsplitsing van de tewerkstelling tussen de Vennootschappen, zal het totale jaarlijkse basissalaris van EUR 395.357,00 (drie honderd vijfennegentig duizend drie honderd zevenenvijftig euro) bruto worden opgesplitst en als volgt worden betaald en gedragen door elk van de Vennootschappen:

- Belgische Dochtervennootschap: een jaarlijks basissalaris van EUR 197.678,50 (honderd zevenennegentig duizend zes honderd achtenzeventig euro en vijftig eurocent) bruto (het “Belgische loon”);

Dit jaarlijks basissalaris omvat de eindejaarspremie (berekend op het vaste loon), indien van toepassing, en het enkel en dubbel vakantiegeld berekend in overeenstemming met de toepasselijke Belgische wettelijke bepalingen. Bijgevolg zal de Belgische Dochtervennootschap een maandelijks basissalaris van EUR 14.201,40 (veertien duizend twee honderd en één euro en veertig eurocent) bruto aan de Werknemer betalen.

- Moedervennootschap: een jaarlijks basissalaris van EUR 197.678,50 (honderd zevenennegentig duizend zes honderd achtenzeventig euro en vijftig eurocent) bruto, te betalen in maandelijkse termijnen (het “VS betaalde loon”);

Het jaarlijks basissalaris kan jaarlijks worden aangepast in overeenstemming met de geldende richtlijnen voor de herziening van het salaris in voege

3.1.

Taking into account the expected extent of the split of the employment between the Companies, the total annual base salary of EUR 395,357.00 (three hundred ninety-five thousand three hundred fifty-seven euro) gross will be split and will be paid and borne by each of the Companies as follows:

- Belgian Subsidiary: an annual base salary of EUR 197,678.50 (one hundred ninety-seven thousand six hundred seventy-eight euro and fifty eurocent) gross (the “Belgian salary”);

This annual base salary will include the end-of-the-year premium (calculated on the fixed salary), if applicable, and the single and double holiday pay calculated in accordance with the applicable Belgian legal provisions. Therefore, Belgian Subsidiary will pay a monthly base salary of EUR 14,201.40 (fourteen thousand two hundred and one euro and fourty eurocent) gross to the Employee.

- Parent Company: an annual base salary of EUR 197,678.50 (one hundred ninety-seven thousand six hundred seventy-eight euro and fifty eurocent) gross, payable in monthly instalments (the “US paid salary”);

The annual base salary can be subject to a yearly adjustment in accordance with the salary revision guidelines in force in respectively Parent

0001193125-19-062536.txt : 20190304 0001193125-19-062536.hdr.sgml : 20190304 20190304164803 ACCESSION NUMBER: 0001193125-19-062536 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190301 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20190304 DATE AS OF CHANGE: 20190304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUTER TASK GROUP INC CENTRAL INDEX KEY: 0000023111 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 160912632 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09410 FILM NUMBER: 19654540 BUSINESS ADDRESS: STREET 1: 800 DELAWARE AVE CITY: BUFFALO STATE: NY ZIP: 14209 BUSINESS PHONE: 7168828000 MAIL ADDRESS: STREET 1: 800 DELAWARE AVE CITY: BUFFALO STATE: NY ZIP: 14209 FORMER COMPANY: FORMER CONFORMED NAME: MARKS BAER INC DATE OF NAME CHANGE: 19690128 8-K 1 d706444d8k.htm 8-K 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): March 1, 2019

COMPUTER TASK GROUP, INCORPORATED

(Exact name of registrant as specified in its charter)


New York	1-9410	16-0912632
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

800 Delaware Avenue, Buffalo, NY		14209
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (716) 882-8000

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) As previously reported, on December 19, 2018, the Board of Directors of the Company (the “Board”) appointed Filip J.L. Gydé as President and Chief Executive Officer of the Company (principal executive officer) and a member of the Board of Directors with an effective starting date of March 1, 2019.

In connection with his appointment as the President and Chief Executive Officer of the Company, the Compensation Committee and the Board also approved an amended and restated employment agreement for Mr. Gydé, including an annex between him and the Company regarding the terms and conditions as they may relate to his services that are provided as President and Chief Executive Officer in the United States.

In connection with his appointment as President and Chief Executive Officer, Mr. Gydé will receive an annual base salary of EUR 395,357.00 ($450,000 equivalent as of the date of the agreement) that will be split equally between the Company and the Belgian subsidiary. During 2019 Mr. Gydé will be eligible to receive an annual cash bonus with a target of EUR 395,357.00 ($450,000 equivalent as of the date of the agreement). He will receive an annual cash bonus payment of at least EUR 197,678.50 for the 2019 calendar year. The cash incentive target is limited to 2019 calendar year only. In addition, Mr. Gydé will continue to participate in all benefit plans made available to Belgian employees generally under Belgian law to the extent such participation is permissible under applicable law and the terms of the relevant plan, including assurances to permit continued participation in Belgian social security. Mr. Gydé will not be eligible to participate in any Company executive or supplemental retirement plans, deferred compensation arrangements or U.S. health or medical insurance plan. Mr. Gydé will also be entitled to reimbursement for reasonable travel and housing expenses incurred in connection with travel on Company business.

Each party may terminate the employment agreement in accordance with the provisions of the Belgian law of July 3, 1978 relating to employment contracts. Any termination indemnities that may be due and owing to Mr. Gydé will take into account the co-employment between the Company and the Belgian subsidiary and will be done according to the transitional provisions as included in the articles 67, 68 and 69 of the Belgian law of 26 December 2013 regarding the introduction of a unified statute, with the period May 1, 1987 until December 31, 2013 fully to be taken into account and severance payments to be calculated under the scheme of article 68 of said legislation.

The foregoing description of the employment agreement (together with Annex) with Mr. Gydé does not purport to be complete and is qualified in its entirety by reference to the employment agreement and Annex with Mr. Gydé which is attached as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits


Exhibit Number		Description

10.1		Employment Agreement, dated March 1, 2019, between Computer Task Group, Incorporated, Computer Task Group Belgium NV and Filip J.L. Gydé.

10.2		Annex to Employment Agreement described in 10.1.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	COMPUTER TASK GROUP, INC.

March 4, 2019	By:	/s/ Peter P. Radetich
		Peter P. Radetich
		Senior Vice President, General Counsel &
		Secretary

EX-10.1 2 d706444dex101.htm EX-10.1 EX-10.1

Exhibit 10.1



GEWIJZIGDE EN GEHERFORMULEERDE ARBEIDSOVEREENKOMST				AMENDED AND RESTATED EMPLOYMENT CONTRACT
TUSSEN: 1. COMPUTER TASK GROUP, INCORPORATED, een vennootschap opgericht en bestaand naar het recht van de Staat New York, Verenigde Staten van Amerika met maatschappelijke zetel te 800 Delaware Avenue, Buffalo, New York 14209 (de “*Moedervennootschap”); 2. COMPUTER TASK GROUP BELGIUM NV, een vennootschap opgericht en bestaand naar het recht van het Koninkrijk België, met maatschappelijke zetel te Woluwelaan 140 A, 1831 Machelen, provincie Vlaams-Brabant, België en met ondernemingsnummer 0450.277.958 (de “Belgische Dochtervennootschap”); hierna gezamenlijk genoemd de “Vennootschappen”; EN:* 3. De heer. Filip J.L. Gydé, een inwoner van het Koninkrijk België (de “*Werknemer*”); GEDATEERD 1 MAART 2019				BETWEEN: 1. COMPUTER TASK GROUP, INCORPORATED, a company organized and existing under the laws of the State of New York, United States of America having its executive office at 800 Delaware Avenue, Buffalo, New York 14209 (the “*Parent Company”); 2. COMPUTER TASK GROUP BELGIUM NV, a company organized and existing under the laws of the Kingdom of Belgium, having its registered office at Woluwelaan 140 A, 1831 Machelen, Brabant Province, Belgium and with company number 0450.277.958 (the “Belgian Subsidiary”); hereinafter collectively referred to as the “Companies”; AND:* 3. Mr. Filip J.L. Gydé, a resident of the Kingdom of Belgium (the “*Employee*”); DATED MARCH 1, 2019
WORDT HET VOLGENDE OVEREENGEKOMEN:				IT HAS BEEN AGREED AS FOLLOWS:
Artikel 1 Functie en Plaats van Tewerkstelling				Article 1 Function and Place of work
1.1. Met ingang op 1 maart 2019, verbindt de Moedervennootschap zich ertoe om de Werknemer tewerk te stellen in de hoedanigheid van *President and Chief Executive Officer* van de Moedervennootschap en de Werknemer zal afstand doen van zijn titel, taken en verantwoordelijkheden als Executive Vice President, General Manager and President van de Europese operaties voor de Moedervennootschap. Desalniettemin zal de Werknemer ook verder tewerkgesteld worden door de Belgische Dochtervennootschap zoals in deze overeenkomst uiteengezet. De Moedervennootschap en de Werknemer hebben tegelijkertijd een overeenkomst gesloten (de “VS Arbeidsvoorwaarden”), aangehecht als Bijlage A.				1.1. Effective as from March 1, 2019, Parent Company undertakes to employ the Employee in the capacity of President and Chief Executive Officer of the Parent Company and the Employee shall relinquish his title, duties and responsibilities as Executive Vice President, General Manager and President for Parent Company’s European operations. Nonetheless, the Employee shall also continue to be employed by the Belgian Subsidiary as set forth in this agreement. The Parent Company and the Employee have concurrently entered into an agreement (“US Employment Terms”), attached as Annex A.

1.2.

De Werknemer verbindt zich ertoe om taken uit te voeren voor de Belgische Dochtervennootschap. De Werknemer zal zijn functies voor de Belgische Dochtervennootschap hoofdzakelijk uitoefenen in de kantoren van de Belgische Dochtervennootschap, of elders in België, zoals bepaald door de Belgische Dochtervennootschap.

De Werknemer aanvaardt, in voorkomend geval, zakenreizen naar het buitenland te ondernemen in overeenstemming met de bedrijfsnoden van de Belgische Dochtervennootschap, en dit in overeenstemming met de door de Belgische Dochtervennootschap vast te stellen voorwaarden. Niettegenstaande andersluidende bepalingen in deze overeenkomst of enige andere overeenkomst, zal de Werknemer gedurende elke periode dat hij buiten België werkt, niet bevoegd zijn om namens de Belgische Dochtervennootschap te onderhandelen, of om contracten te wijzigen of te aanvaarden namens de Belgische Dochtervennootschap, of om de Belgische Dochtervennootschap anderszins te binden aan een overeenkomst met een derde partij of om zaken te doen voor of namens de Belgische Dochtervennootschap.

1.2.

The Employee agrees to perform duties for the Belgian Subsidiary. The Employee will mainly execute his functions for the Belgian Subsidiary in the offices of the Belgian Subsidiary, or elsewhere in Belgium, as determined by the Belgian Subsidiary.

The Employee accepts, as the case may be, to undertake business travel abroad according to the business needs of the Belgian Subsidiary, and this in accordance with the terms to be set forth by the Belgian Subsidiary. Notwithstanding anything to the contrary in this agreement or any other agreement, during any period that the Employee is working outside of Belgium, he shall not have authority to negotiate on behalf of the Belgian Subsidiary, or to modify or accept contracts on behalf of the Belgian Subsidiary or to otherwise bind the Belgian Subsidiary to any contract with any third party or to conduct any business in the name of or on behalf of the Belgian Subsidiary.

1.3

Gezien het internationale karakter van de functies van de Werknemer komen partijen overeen dat de organisatiestructuur van de Vennootschappen en de plaats van tewerkstelling, niet als essentiële voorwaarden van de arbeidsovereenkomst moeten worden beschouwd.

Daarom hebben de Vennootschappen te allen tijde en in overeenstemming met de bedrijfsnoden van de Vennootschappen het recht om dergelijke niet-essentiële voorwaarden van de arbeidsovereenkomst te wijzigen zonder dat een dergelijke wijziging een eenzijdige verbreking van de overeenkomst inhoudt.

Daarnaast zullen de Vennootschappen het recht hebben om de Werknemer in andere functies tewerk te stellen, op voorwaarde dat deze andere functies in overeenstemming zijn met de capaciteiten en ten minste vergelijkbaar zijn met het huidige niveau van de Werknemer (d.w.z. ten minste van een vergelijkbaar niveau als dat van President and Chief Executive Officer van de Moedervennootschap, waarbij een plaatsvervangende aanstelling in één van de dochterondernemingen van de Moedervennootschap niet wordt beschouwd als zijnde van een vergelijkbaar niveau). Wijzigingen in

1.3

In view of the international nature of the functions of the Employee, parties agree that the Companies’ organizational structure and the place of work, are not to be considered as essential terms of the employment contract.

Therefore, at any time and according to the business needs of the Companies, the Companies will have the right to change such non essential terms of the employment contract without such change being constitutive of any unilateral breach of contract.

Additionally, the Companies will have the right to employ the Employee in other functions, provided that these other functions are in line with the capacities and at least comparable to the current level of the Employee (i.e. at least of comparable level to that of President and Chief Executive Officer of the Parent Company, with an appointment in any of the subsidiaries of the Parent Company in lieu, not being considered as being of a comparable level). Changes to the function of the Employee that don’t meet these conditions, can only be introduced in mutual agreement between the Companies and the


de functie van de Werknemer die niet aan deze voorwaarden voldoen, kunnen alleen in onderling overleg tussen de Vennootschappen en de Werknemer worden doorgevoerd.				Employee.
1.4 De Werknemer erkent en stemt ermee in dat hij kan worden benoemd als (onbezoldigd) bestuurder of bestuurslid van de Moedervennootschap en/of één of meer directe of indirecte dochtervennootschappen van de Moedervennootschap.				1.4 The Employee acknowledges and agrees that he may be appointed as a (non-remunerated) director or board member of Parent Company and/or one or more direct or indirect subsidiaries of Parent Company.
Artikel 2 Duur en beëndiging van de overeenkomst				Article 2 Duration and termination of the agreement
2.1. Deze overeenkomst wordt afgesloten voor onbepaalde duur.				2.1. This agreement is entered into for an indefinite duration.
2.2. Elke partij kan deze arbeidsovereenkomst beëindigen in overeenstemming met de bepalingen van de Belgische Wet van 3 juli 1978 betreffende de arbeidsovereenkomsten.				2.2. Each party can terminate this agreement in accordance with the provisions of the Belgian law of July 3, 1978 relating to the employment contracts.
2.3. De kennisgeving van de beëindiging van de arbeidsrelatie (in tegenstelling tot de beëindiging van de split payroll overeenkomst) door ofwel de Moedervennootschap ofwel de Belgische Dochtervennootschap beëindigt van rechtswege de arbeidsrelaties met de Vennootschappen. Rekening houdend met de co-tewerkstelling, zullen de beëindigingsvergoedingen berekend en betaald in overeenstemming met Belgisch recht (gebaseerd op de vergoeding betaald door de Moedervennootschap en de Belgische Dochtervennootschap) geacht worden alle vergoedingen inzake beëindiging te omvatten die verschuldigd zijn overeenkomstig het recht van eender welk land waar de Werknemer zijn taken verricht, voor zover dergelijk recht op enig moment geacht zou worden van toepassing te zijn. Voor de berekening van de beëindigingsvergoedingen wordt 1 mei 1987 (d.i. de datum van indienstneming door Rendeck, dat vervolgens in oktober 1990 door één van de met de Vennootschappen verbonden ondernemingen werd verworven) erkend als de begindatum van de Werknemer. De huidige overeenkomst zet dus de ononderbroken tewerkstelling van de Werknemer bij de Belgische Dochtervennootschap voort, en dit sinds 1 mei 1987. Bijgevolg bevestigen de partijen uitdrukkelijk en komen zij overeen dat, om een beëindigingsvergoeding vast te stellen, dit zal				2.3. Notification of termination of the employment relationship (as opposed to termination of the salary split arrangement) by either Parent Company or Belgian Subsidiary, automatically results in the termination of the employment relationships with the Companies. Taking into account the co-employment, the termination indemnities calculated and paid in accordance with Belgian law (based upon compensation paid by the Parent Company and the Belgian Subsidiary) will be considered to include any termination related indemnities which would be due under the laws of any other jurisdiction where the Employee performs services, to the extent such jurisdiction’s law would at any time be considered to be applicable. For purposes of the calculation of termination indemnities, the Employee’s start date is recognized as May 1, 1987 (i.e., the date of hire by Rendeck, which was subsequently acquired by one of the Companies’ affiliates in October 1990). The current agreement thus continues the uninterrupted employment of the Employee with the Belgian Subsidiary, since May 1, 1987. Therefore, parties explicitly confirm and agree that in order to determine a termination indemnity, such will be done


richtlijnen/gebruiken of tijdspannes van toepassing bij de betrokken Vennootschap.				practices or time periods of the Company concerned.
4.2. Elk bedrag dat op grond van dit artikel wordt betaald, vormt een vergoeding van beroepskosten en kan derhalve niet worden beschouwd als een deel van de bezoldiging van de Werknemer.				4.2. Any amount paid under this article constitutes a reimbursement of business expenses and can therefore not be considered part of the Employee’s remuneration.
4.3. De Werknemer erkent de richtlijnen betreffende de terugbetaling/onkosten van de Vennootschappen, zoals van tijd tot tijd gewijzigd, te hebben ontvangen.				4.3. The Employee acknowledges having received the policies concerning the reimbursement/expenses of the Companies, as amended from time to time.
Artikel 5 Bedrijfswagen				Article 5 Company car
5.1. De Belgische Dochtervennootschap zal een bedrijfswagen ter beschikking stellen van de Werknemer in België. Op 1 maart 2019 is of wordt de volgende bedrijfswagen ter beschikking gesteld aan de Werknemer: een BMW 530D Touring. Bij het verstrijken van de huidige (en eventueel enige latere) lease overeenkomst voor de Werknemer zal de Belgische Dochtervennootschap de Werknemer een vervangingsbedrijfswagen ter beschikking stellen die minstens evenwaardig is in klasse, motorisering en opties, en met een lease budget dat vergelijkbaar is met dat van de huidige bedrijfswagen van de Werknemer.				5.1. The Belgian Subsidiary will put a company car at the disposal of the Employee in Belgium. At 1st March 2019, the following company car put at the disposal of the Employee is or shall be a BMW 530D Touring car. Upon expiration of the Employee’s current (as well as any subsequent) lease contract, the Belgian Subsidiary will put at the Employee’s disposal a replacement company car at least as comparable in class, motorization and options, and with a lease budget similar to, the Employee’s current company car.
5.2. De Werknemer heeft het recht de bedrijfswagen voor privé doeleinden te gebruiken. Het voordeel in natura dat voortvloeit uit het privé gebruik van de bedrijfswagen wordt bepaald en eventueel aangepast in overeenstemming met de toepasselijke wettelijke bepalingen en/of de richtlijnen van de Belgische overheid. De Werknemer stemt ermee in dat de fiscale inhoudingen met betrekking tot dit voordeel in natura zullen worden ingehouden op de nettobezoldiging.				5.2. The Employee is entitled to use the company car privately. The benefit in kind resulting from such private use of the company car will be determined, and as the case may be, adjusted, in accordance with the applicable legal provisions and/or the directives of the Belgian authorities. The Employee agrees that the withholding tax related to such benefit in kind will be withheld from the net remuneration.
5.3. De Werknemer verbindt er zich toe om de bedrijfswagen te gebruiken en te onderhouden als een bonus pater familias.				5.3. The Employee undertakes to use and maintain the company car as a bonus pater familias.
Article 6 Pensioenplan, ziektekosten-verzekering en/of andere verzekeringen				Article 6 Pension scheme, medical insurance and/or other insurances
6.1. De Werknemer zal blijven deelnemen aan alle extra-legale verzekeringen waarvan de Belgische werknemers in het algemeen kunnen genieten naar				6.1. The Employee will continue to participate in all benefit plans made available to Belgian employees generally under Belgian law to the extent such


en substantiële groep van gelijkaardige werknemers van de Belgische Dochtervennootschap.
Artikel 7 Arbeidstijdregelingen/Vakantie				Article 7 Working Schedules/Holidays
7.1. De Werknemer zal worden tewerkgesteld op voltijdse basis in overeenstemming met de arbeidstijdregelingen zoals van toepassing binnen de Vennootschappen.				7.1. The Employee will be employed on a full time basis in accordance with working schedules as applicable within the Companies.
7.2. Aangezien de Werknemer een leidinggevende functie heeft en/of een vertrouwenspost uitoefent, zal de Werknemer evenwel elke andere aanvullende arbeidsprestatie uitvoeren welke noodzakelijk is voor de uitvoering van deze overeenkomst en/of om tegemoet te komen aan de noodwendigheden van de Vennootschappen. De Werknemer aanvaardt dat dergelijke aanvullende arbeidsprestaties op afdoende wijze bezoldigd en vergoed zijn door de bezoldiging bepaald in artikel 4 van deze overeenkomst. Bijgevolg zal voor deze aanvullende arbeidsprestaties geen enkele supplementaire (proportionele) bezoldiging, overloon, inhaalrust of enige andere vergoeding verschuldigd zijn.				7.2. As the Employee holds a managerial position and/or a position of trust, the Employee will perform any additional activities as required for the performance of this agreement and/or to meet the Companies’ business needs. The Employee agrees that such additional activities are sufficiently compensated by the remuneration under article 4 of this agreement. Consequently, no additional (proportional) remuneration, overtime pay, compensatory rest or any other compensation will be due for such additional activities.
7.3. In beginsel wordt de arbeidstijd van de Werknemer als volgt opgesplitst: – Moedervennootschap: 50%; – Belgische Dochtervennootschap: 50% Deze opsplitsing kan worden aangepast door de partijen in functie van de bedrijfsnoden van de desbetreffende activiteiten in de betrokken landen van tewerkstelling (zie 8.1).				7.3. In principle the working time of the Employee will be allocated as follows: – Parent Company: 50%; – Belgian Subsidiary: 50%. This allocation can be amended by the parties in function of the business needs of the respective operations in the work countries concerned (see 8.1).
7.4. Het recht op vakantiegeld, indien van toepassing, wordt uitsluitend bepaald op basis van het Belgische recht op respectievelijk het Belgische gedeelte van de tewerkstelling en het Belgische loon, en zal geregeld en betaald worden door de Belgische Dochtervennootschap. De Werknemer bouwt geen vakantiedagen of vakantiegeld op bij de Moedervennootschap. Het aantal vakantiedagen waarop de Werknemer recht heeft, zal niet lager zijn dan het totaal aantal vakantiedagen waarop de Werknemer vanaf 1 maart 2019 recht heeft.				7.4. The entitlement to vacation pay, if any, will be solely determined on the basis of Belgian law on respectively the Belgian part of the employment and the Belgian salary, and will be settled and paid by the Belgian Subsidiary. The Employee will accrue no vacation days or vacation pay with Parent Company. The number of vacation days to which the Employee will be entitled will not drop below the total number of vacation days to which the Employee is entitled as of March 1, 2019.


voor de betaling van de belastingen op de inkomsten van de Werknemer geheven volgens de lokaal toepasselijke aanslagprocedures; - het bijhouden van alle rechtvaardigingsstukken voor de salary split en de toegepaste percentages en het overmaken van kopieën daarvan aan de Vennootschappen. De Belgische Dochtervennootschap zal de Werknemer voorzien van een Income Tax Preparation and Advice Program met een terugbetalingsplafond van EUR 11.000,00 (excl. BTW) voor het kalenderjaar 2019 en EUR 6.000,00 (excl. BTW) daarna.				per the locally applicable tax assessment procedures; - retaining all justification documents for the salary split and applicable percentages and providing the Companies with copies thereof. The Belgian Subsidiary will provide the Employee with Income Tax Preparation and Advice Program with a reimbursement cap of EUR 11,000 (VAT excl.) for calendar year 2019 and EUR 6,000 (VAT excl.) thereafter.
Artikel 9 Afwezigheden				Article 9 Absences
9.1. Onvoorzienbare afwezigheden ten gevolge van arbeidsongeschiktheid of anderszins moeten zo vlug mogelijk aan de Vennootschappen, inclusief de Voorzitter van de Raad van Bestuur van de Moedervennootschap, worden gemeld.				9.1. Unforeseeable absences due to work incapacity or any other reason, must be communicated as soon as possible to the Companies, including the Chairman of the Board of Directors of Parent Company.
9.2. Afwezigheden wegens arbeidsongeschiktheid moeten tijdens de gehele duur gerechtvaardigd blijven door een geneeskundig attest dat moet worden toegezonden aan de Vennootschappen binnen de twee werkdagen vanaf de eerste dag van de arbeidsongeschiktheid of vanaf de eerste dag waarop tot verlenging wordt beslist. De eerste werkdag wordt gerekend als het begin van de werkdag in het land waar de Werknemer fysiek aanwezig is op het moment dat de arbeidsongeschiktheid waargenomen wordt. Indien de arbeidsongeschiktheid waargenomen wordt terwijl de Werknemer op een internationale vlucht zit of anderszins over een lange afstand reist, wordt de eerste werkdag geacht aan te vangen op het moment van aankomst van het vliegtuig op de eindbestemming.				9.2. Absences as a result of work incapacity must remain justified for their entire duration by way of a medical certificate to be sent to the Companies within two working days as of the first day of the work incapacity or the first day on which the work incapacity period is extended. The first day of work is counted as the beginning of the working day in the country where the Employee is physically present at the moment the work incapacity becomes apparent. In the event the work incapacity becomes apparent whilst the Employee is on an international flight or otherwise long-haul travelling, the first day of working will be considered to start at the moment of arrival of the aircraft at the final destination.
Artikel 10 Intellectuele eigendom				Article 10 Intellectual property
10.1. De Werknemer gaat er uitdrukkelijk mee akkoord dat alle rechten, titels en belangen op de ideeën, ontwerpen, ontdekkingen, uitvindingen, methodes, technieken en creaties die de Werknemer heeft bedacht, uitgevonden of gecreëerd, alleen of met				10.1. The Employee expressly agrees that any and all rights, titles and interests in and to any and all ideas, concepts, discoveries, inventions, methods, techniques and creations conceived, invented or created by the Employee, alone or with others, with


kunnen teweegbrengen voor één of meerdere van de Vennootschappen of een negatieve invloed zouden kunnen hebben op het werk van de Werknemer voor de Vennootschappen, tenzij de Werknemer daartoe de voorafgaande schriftelijke goedkeuring van de Vennootschappen heeft verkregen.				to one or more of the Companies or which could have a negative impact on the work of the Employee for the Companies, unless the Employee has obtained the prior written approval of the Companies.

Artikel 12 Verwerking van persoonsgegevens				Article 12 Processing of personal data
12.1. De Werknemer verklaart zich akkoord dat op de Werknemer betrekking hebbende persoonsgegevens die zijn opgenomen in deze overeenkomst of enige bijlage daaraan, sociale documenten en formulieren die voor de naleving van enige toepasselijke wettelijke bepalingen moeten worden ingevuld of verstrekt (met inbegrip van vakantie-aanvragen en geneeskundige getuigschriften) en in het algemeen alle persoonsgegevens door de Werknemer aan de Vennootschappen meegedeeld of door de Vennootschappen in het kader van of in verband met de arbeidsrelaties verzameld, ontvangen, gegenereerd, gebruikt of verwerkt, ongeacht of de Vennootschappen deze heeft opgenomen in het personeelsdossier, door de Vennootschappen of een namens één van de Vennootschappen handelende persoon of organisatie (zoals het sociaal secretariaat) kunnen worden verwerkt voor doeleinden van personeelsbeheer, loonadministratie, het beheer en de toepassing van (extra-legale) verzekeringen, evaluaties en het nemen van beslissingen, met uitsluiting van gebruik voor doeleinden van directe marketing.				12.1. The Employee agrees that personal data relating to the Employee which are reflected in this agreement or any annex thereto, social documents and forms which are to be completed or to be provided for the compliance with any applicable legal provisions (including vacation requests and medical certificates) and in general all personal data communicated by the Employee to the Companies or all personal data collected, received, used or processed by the Companies, in the framework of the employment relationships, whether or not included by the Companies in the personnel file, can be processed by the Companies or an agent or organization acting for either Company (such as the payroll agency) for purposes of human resources management, salary administration, management and application of (extralegal) insurance schemes, evaluations and decision making, excluding any use for direct marketing.
12.2. De Werknemer heeft het recht om inzage te verzoeken van de persoonsgegevens betreffende de Werknemer die door de Vennootschappen worden verwerkt en om, in geval de gegevens foutief, onvolledig of niet relevant zijn, rechtzetting of weglating te verzoeken, alsook zich verzetten tegen de verwerking van zijn persoonsgegevens voor legitieme redenen via een gedateerd en ondertekend schriftelijk verzoek aan de Vennootschappen.				12.2. The Employee has the right to request access to any personal data processed by the Companies in relation to the Employee and, if the data are incorrect, incomplete or irrelevant, request correction or removal of such personal data for legitimate reasons, by means of a dated and signed written request sent to the Companies.
12.3. Voor bovenstaande doeleinden geeft de Werknemer de Vennootschappen, gezien hun aansluiting bij een internationale groep, toestemming om alle of een deel van de persoonsgegevens ten vertrouwelijke titel over te dragen aan eender welke gelieerde vennootschap, ongeacht of deze gelieerde vennootschap gevestigd is binnen de Europese Economische Ruimte, met inbegrip van landen die niet hetzelfde niveau van				12.3. For the above purposes, the Employee authorizes the Companies, given their affiliation to an international group, to transfer all or part of the personal data to any affiliated company on a confidential basis, irrespective as to whether such affiliated company is located within the European Economic Area, including countries that do not offer the same level of data protection as in the Employee’s home country.


gegevensbescherming bieden als in het land van herkomst van de Werknemer.

Artikel 13 Eigendommen van de Vennootschappen en/of klanten van de Vennootschappen				Article 13 Property of the Companies and/or customers of the Companies
13.1. De Werknemer gaat er mee akkoord om alle informatie, zowel in schriftelijke dan wel enige andere materiële of niet-materiële vorm, betreffende de activiteiten van de Vennootschappen en/of betreffende klanten of leveranciers van de Vennootschappen, die niet voorafgaandelijk publiek werd vrijgegeven door een gemachtigde vertegenwoordiger van de Vennootschap/ Vennootschappen, met inbegrip van (maar niet beperkt tot) informatie opgenomen in alle voorstellen, marketing- en verkoopsplannen, financiële informatie, kosten, informatie betreffende de prijzen, computer programma’s, consumenteninformatie, klantenlijsten en alle methodes, concepten, know-how of ideeën van of redelijkerwijze verbonden aan de activiteiten van de Vennootschappen of enige klanten of leveranciers van de Vennootschappen (de “*Bedrijfseigen Informatie*”) als vertrouwelijk te beschouwen en te bewaren zowel tijdens de duur van deze overeenkomst als volgend op de beëindiging ervan. Bedrijfseigen Informatie zal steeds eigendom van de Vennootschappen blijven.				13.1. The Employee agrees to regard and preserve as confidential all information, whether in writing or in other tangible or intangible form, relating to the business of one or more of the Companies and/or any of one or more of the Companies’ customers or suppliers, that have not been previously publicly released by duly authorized representatives of the Company/Companies, including (but not limited to) information encompassed in all proposals, marketing and sales plans, financial information, costs, pricing information, computer programs, consumer information, customer lists, and all methods, concepts, know-how or ideas in or reasonably related to the business of one or more of the Companies or any of one or more of the Companies’ customers or suppliers (the “*Proprietary Information*”) during the term of this agreement as well as following its expiration. Proprietary Information will at all times remain property of the Companies.
13.2. De Werknemer zal zich ervan onthouden, zowel tijdens de duur van deze overeenkomst als volgend op de beëindiging ervan, om Bedrijfseigen Informatie rechtstreeks of onrechtstreeks voor persoonlijke doeleinden aan te wenden dan wel bekend te maken aan enige derde, tenzij (i) vereist voor de uitvoering van deze overeenkomst of (ii) na voorafgaande schriftelijke goedkeuring van de Vennootschappen.				13.2. The Employee will not, during the term of this agreement, as well as following its expiration directly or indirectly, use for his benefit or purposes, nor disclose to any third party, any Proprietary Information, unless (i) required for the performance of this agreement or (ii) with the prior written approval from the Companies.
13.3. De Werknemer gaat er mee akkoord om geen enkel document of voorwerp dat Bedrijfseigen Informatie bevat of weergeeft, te verwijderen uit de kantoren van de Vennootschappen, of van enige klant of leverancier van de Vennootschappen, tenzij (i) vereist voor de uitvoering van deze overeenkomst of (ii) na voorafgaande schriftelijke goedkeuring van de Vennootschappen.				13.3. The Employee agrees not to remove any document or object containing or reflecting any Proprietary Information from the premises of the Companies, or any customer or supplier of one or more of the Companies, unless (i) required for the performance of this agreement or (ii) with the prior written approval from the Companies.
13.4. De Werknemer zal alle eigendom van de Vennootschapppen, met inbegrip van maar niet				13.4. The Employee will use all property of the Companies, including but not limited to any equipment, objects, documents and Proprietary


14.3. De Werknemer dient op elk ogenblik aan de Vennootschappen enige (nieuwe) paswoorden mee te delen.				14.3. The Employee must at all times communicate any (new) passwords to the Companies.
14.4. De Werknemer erkent kennis genomen te hebben en een exemplaar ontvangen te hebben van het bij de Vennootschappen toepasselijke reglement inzake gebruik van e-mail en internet, en verbindt zich ertoe dit reglement stipt na te leven.				14.4. The Employee acknowledges the receipt of a copy of the policy regarding the use of email and internet, as applicable within the Companies, and undertakes to strictly comply with these policies.
Artikel 15 Arbeidsreglement en andere reglementen				Article 15 Working regulations and other policies
15.1. De Werknemer erkent een exemplaar ontvangen te hebben van volgende documenten: 1. Arbeidsreglement van de Belgische Dochtervennootschap; 2. Werknemershandboek van de Belgische Dochtervennootschap; 3. Annual Cash Incentive Plan toepasselijk voor boekjaar 2019; 4. Medische zorgkosten / hospitalisatieverzekering, algemene voorwaarden.				15.1. The Employee acknowledges the receipt of a copy of the following documents: 1. Working regulations of the Belgian Subsidiary; 2. Employee handbook of the Belgian Subsidiary; 3. Annual Cash Incentive Plan applicable for financial year 2019; 4. Medical care expenses / hospitalization insurance, general conditions.
15.2. Door ondertekening van deze overeenkomst verbindt de Werknemer zich ertoe de bepalingen van deze documenten stipt na te leven.				15.2. By executing this agreement, the Employee undertakes to strictly comply with the provisions of these documents.
15.3. Ingeval en in de mate van tegenstrijdigheid tussen de bepalingen van deze documenten en deze overeenkomst zullen, tenzij partijen schriftelijk anders overeenkomen, de bepalingen van deze overeenkomst voorrang hebben.				15.3. In case and to the extent of contradiction between the provisions of these documents and this agreement, the provisions of this agreement will prevail unless the parties agree otherwise in writing.
Artikel 16 Niet-concurrentie				Article 16 Non-compete
16.1. De Werknemer verbindt er zich toe om tijdens de arbeidsrelatie met de Belgische Dochtervennootschap en gedurende een periode van twaalf (12) maanden volgend op de beëindiging van de arbeidsrelatie, geen activiteiten uit te oefenen in België die gelijkaardig zijn aan de door de Werknemer bij de Belgische Dochtervennootschap uitgeoefende werkzaamheden, hetzij in het kader van een concurrerende activiteit voor eigen rekening van de Werknemer, hetzij direct of indirect voor rekening van een concurrent van de Vennootschap.				16.1. The Employee undertakes, during the course of the employment relationship with the Belgian Subsidiary and for a period of twelve (12) months following the end of this employment relationship, not to perform, in Belgium, any activities which are similar to those exercised by the Employee at the Belgian Subsidiary, either in the framework of a competing activity for the Employee’s own account, or directly or indirectly for any competitor of the Company.
16.2. De Belgische Dochtervennootschap zal als				16.2. In consideration of the application of the non-


tegenprestatie voor de toepassing van de niet-concurrentie beperking opgelegd aan de Werknemer, een vergoeding betalen aan de Werknemer die gelijk is aan de helft van het brutoloon voor de duur van het niet-concurrentiebeding. Deze vergoeding zal niet verschuldigd zijn indien de Belgische Dochtervennootschap binnen de vijftien (15) dagen vanaf het ogenblik van de stopzetting van de arbeidsrelatie van de toepassing van het beding afziet.				competition restriction imposed on the Employee, Belgian Subsidiary will pay to the Employee an indemnity equal to half of the gross salary for the term of the non-compete undertaking. This indemnity will not be due if Belgian Subsidiary waives the application of this clause within fifteen (15) days following the termination of the employment relationship.
16.3. In geval de Werknemer het niet-concurrentiebeding overtreedt, zal de Werknemer ertoe gehouden zijn aan de Belgische Dochtervennootschap de vergoeding terug te storten die de Belgische Dochtervennootschap aan de Werknemer heeft betaald en de Werknemer zal daarenboven een gelijkwaardig bedrag betalen aan de Belgische Dochtervennootschap, onder voorbehoud van het recht van de Belgische Dochtervennootschap om bijkomende schadevergoeding te eisen.				16.3. In case of breach of this non-compete undertaking, the Employee will reimburse to Belgian Subsidiary the indemnity paid to the Employee by the Belgian Subsidiary and, in addition thereto, the Employee will pay an equivalent amount to the Belgian Subsidiary as damages, without prejudice to the Belgian Subsidiary’s right to claim any additional damages.
16.4. Huidig beding zal geen uitwerking hebben in geval de arbeidsrelatie met de Belgische Dochtervennootschap beëindigd wordt tijdens de eerste zes (6) maanden vanaf de aanvang van de overeenkomst of achteraf door de Belgische Dochtervennootschap voor een andere reden dan dringende reden, of door de Werknemer voor dringende reden.				16.4. This clause will have no effect in case of termination of the employment relationship with Belgian Subsidiary either during the first 6 (six) months as of the start of this agreement or, afterwards by Belgian Subsidiary for a reason other than serious cause, or by the Employee for serious cause.
Artikel 17 Wettelijke belemmering				Article 17 Legal impediment
De Werknemer erkent uitdrukkelijk dat er geen enkele wettelijke of contractuele belemmering is tegen de indiensttreding bij de Vennootschappen op de in artikel 1 bepaalde datum en de uitoefening van de overeengekomen activiteiten.				The Employee expressly declares that there is no legal or contractual impediment to entering into the Companies’ service on the date set forth in article 1, nor to performing the agreed activities.
Artikel 18 Nietigheid				Article 18 Nullity
Bepalingen van deze overeenkomst die strijdig worden geacht met enige wettelijke bepaling worden geacht onbestaande te zijn en zullen geen enkele invloed hebben op de uitwerking van de andere bepalingen van deze overeenkomst.				Provisions of this agreement that are held to be contrary to any legal provisions will be deemed inexistent and will not affect the enforceability of the other provisions of this agreement.
Artikel 19 Vroegere overeenkomsten				Article 19 Previous agreements
Deze overeenkomst omvat het volledige akkoord tussen partijen met betrekking tot het onderwerp van de overeenkomst, met uitzondering van de overeenkomsten waarnaar in deze overeenkomst uitdrukkelijk wordt verwezen, en vervangt en				This agreement sets forth the entire agreement between parties with regard to its subject matter, other than those agreements explicitly referenced in this agreement, and replaces and annuls all other existing agreement or arrangements with the


vernietigt alle andere bestaande overeenkomsten of afspraken met de Vennootschappen en/of enige andere met de Vennootschappen verbonden onderneming, zoals maar niet beperkt tot de arbeidsovereenkomsten dd. 27 januari 1987 en 1 oktober 1993 en alle respectievelijke bijlagen.				Companies and/or any company affiliated with the Companies, including but not limited to the employment contracts dated January 27, 1987 and October 1, 1993 and all of their respective annexes.
Voor zover nodig herhalen partijen dat met betrekking tot artikel 2.3 van de huidige overeenkomst de ingangsdatum van 1 mei 1987 in aanmerking zal worden genomen voor de berekening van de anciënniteit van de Werknemer en voor de berekening van aanspraken bij beëindiging voor de toepassing van artikel 68 van de Wet van 26 december 2013 betreffende de invoering van het eenheidsstatuut.				In as far as necessary, parties reiterate that in relation to article 2.3 of the current agreement, the starting date of May 1, 1987 will be taken into consideration for purposes of calculating the Employee’s seniority and for calculating termination entitlement for the purpose of article 68 of the Law of 26 December 2013 regarding the introduction of a unified statute.
Artikel 20 Taal				Article 20 Language
Deze overeenkomst is ondertekend in het Nederlands en in het Engels. De Partijen bevestigen dat, wat de Belgische Dochtervennootschap betreft, de Engelse vertaling alleen ter informatie wordt ondertekend, terwijl de Nederlandse versie de oorspronkelijke afdwingbare overeenkomst blijft. In het geval dat er afwijkingen optreden tussen de originele Nederlandse versie en de vrije Engelse vertaling, dan zal de Nederlandse versie primeren.				This agreement has been signed in Dutch and in English. The Parties confirm that, as far as the Belgian Subsidiary is concerned, the English translation is executed for information purposes only whereas the Dutch version remains the original enforceable contract. In the event any discrepancies should arise between the original Dutch version and the free English translation, the Dutch version will prevail.
Artikel 21 Toepasselijk recht/bevoegdheid				Article 21 Applicable law/jurisdiction
21.1. De bepalingen van deze overeenkomst zijn onderworpen aan Belgisch recht.				21.1. The provisions of this agreement are governed by Belgian law.
21.2. Alle betwistingen met betrekking tot de interpretatie van deze overeenkomst, met uitzondering van de VS Arbeidsvoorwaarden weergegeven in Bijlage A, behoren tot de exclusieve bevoegdheid van de Belgische arbeidsgerechten. Er wordt uitdrukkelijk bevestigd dat, behoudens voormelde uitzondering, dit zich uitstrekt tot de aspecten van de tewerkstelling van de Werknemer voor de Moedervennootschap.				21.2. Any dispute in connection with the interpretation of this agreement, at the exclusion of the US Employment Terms reflected in Annex A, will be submitted to the exclusive jurisdiction of the Belgian labor courts. It is explicitly confirmed that, subject to the aforementioned exclusion, such extends to the aspects of the employment of the Employee for the Parent Company.
Artikel 22 Naleving van de immigratiewetgeving				Article 22 Immigration law compliance
De Vennootschappen zorgen voor de nodige bijstand teneinde naleving van alle wettelijk vereiste immigratieformaliteiten betreffende de Werknemer te verzekeren. De Werknemer stemt ermee in om tijdig alle vereiste medewerking te verlenen.				The Companies will arrange for the necessary assistance so as to ensure compliance with all legally required immigration formalities for the Employee. The Employee agrees to provide timely assistance as required.


ALS BEWIJS HIERVAN, Hebben de Partijen elke pagina van deze overeenkomst geparafeerd en hebben zij deze overeenkomst ondertekend en opgemaakt in drie (3) exemplaren op 4 maart 2019, waarbij elke partij erkent een origineel ondertekend exemplaar te hebben ontvangen.		IN WITNESS WHEREOF, The parties have initialled each page of this agreement and have signed and executed this agreement in three (3) copies on March 4, 2019, each party acknowledges receipt of one signed original.

1.	Moedervennootschap COMPUTER TASK GROUP, INCORPORATED	1.	Parent Company COMPUTER TASK GROUP, INCORPORATED

	/s/ Daniel J. Sullivan Door: Daniel J. Sullivan Voorzitter van de Raad van Bestuur		/s/ Daniel J. Sullivan By: Daniel J. Sullivan Chairman of the Board of Directors

2.	Belgische Dochtervennootschap COMPUTER TASK GROUP BELGIUM NV	2.	Belgian Subsidiary COMPUTER TASK GROUP BELGIUM NV

	/s/ Guido Helsloot Door: Guido Helsloot Bestuuder		/s/ Guido Helsloot By: Guido Helsloot Director

3.	De Werknemer	3.	The Employee

	/s/ Filip J.L. Gydé De heer Filip J.L.Gydé		/s/ Filip J.L. Gydé Mr. Filip J.L.Gydé
	(handtekening voorafgegaan door de handgeschre venvermelding “gelezen en goedgekeurd”)		(signature preceded by the hand written mention “read and approved”)

Bijlage A

VS Arbeidsvoorwaarden

[zie bijlage]

Annex A

US Employment Terms

[see attached]

EX-10.2 3 d706444dex102.htm EX-10.2 EX-10.2

Exhibit 10.2

ANNEX

US EMPLOYMENT TERMS

THESE TERMS, effective as of March 1, 2019 are between Computer Task Group, Incorporated, a New York corporation with its executive offices at 800 Delaware Avenue, Buffalo, New York 14209 (the “Corporation”), and Filip J.L. Gydé, a resident of the Kingdom of Belgium (the “Executive”).

RECITALS:

WHEREAS, the Executive will be employed as the President and Chief Executive Officer of the Corporation; and

WHEREAS, the Executive is currently and will continue to be employed by Computer Task Group Belgium NV (“Belgian Subsidiary”), a subsidiary of the Corporation.

WHEREAS, the Executive will thus be jointly employed by the Corporation and the Belgian Subsidiary, as demonstrated by the joint Employment Agreement.

WHEREAS, the Corporation and the Executive desire to set forth the terms upon which the Executive will be employed by the Corporation and which apply to the US portion of employment contemplated under these Terms.

NOW, THEREFORE, in consideration of the promises and of the covenants contained in these Terms, the Corporation and the Executive agree as follows:

1. DEFINITIONS. The following definitions apply for purposes of these Terms.

(a) “Board of Directors” or “Board” means the Board of Directors of the Corporation.

(b) “Code” means the U.S. Internal Revenue Code of 1986, as amended.

(d) “Effective Date” means March 1, 2019.

(e) “Employment Agreement” means the agreement between the Corporation and the Belgian Subsidiary, on the one hand, and the Executive, on the other hand.

(f) “Regulations” means U.S. Treasury Regulations promulgated under Code Section 409A as amended.

(g) “Specified Employee” for purposes of Section 19 of these Terms has the meaning provided in Regulation §1.409A-1(i). The default rules for said definition shall apply unless the Corporation has adopted other rules in a duly adopted instrument applicable with respect to all nonqualified deferred compensation plans of the Corporation.

(h) “Termination of Employment” for purposes of Section 19 of these Terms has the meaning provided in Regulation §1.409A-1(h)(1)(ii). A Termination of Employment is intended to mean a termination of employment which constitutes a “separation from service” under Code Section 409A. If the Executive provides services as an independent contractor to the Corporation, the Executive will not be considered to have a Termination of Employment until the Executive has ceased providing services both as an employee and as an independent contractor. The preceding sentence shall not apply with respect to a nonqualified deferred compensation plan in which the Executive participates as an employee to the extent that the Executive’s sole activity as an independent contractor with respect to the Corporation is to serve on the Corporation’s Board of Directors.

2. EMPLOYMENT; DUTIES; LOCATION. Subject to the terms and conditions set forth in these Terms, the Corporation shall employ the Executive as President and Chief Executive Officer of the Corporation. It is contemplated that the Executive will continue to be appointed to the positions of President and Chief Executive Officer annually. As Chief Executive Officer, the Executive will have all of the duties, responsibilities and authority commensurate with the position in companies of similar size and type and such other duties, not inconsistent with his position, as assigned to him by the Board from time to time, subject also at all times to the control of the Board. All employees and independent contractors shall report to Executive or his designee, provided that as necessary for governance purposes the Chief Financial Officer, the General Counsel and the audit staff may also report to the Board or a Committee thereof. The Executive shall report directly to the Board, which shall have general control of the business of the Corporation. The Executive shall perform his duties and discharge his responsibilities in a faithful manner and to the best of his ability and to use all reasonable efforts to promote the interests of the Corporation. The Executive may not engage in other gainful employment except with the prior consent of the Board of Directors of the Corporation. With the prior consent of the Board of Directors of the Corporation, the Executive may become a director, trustee or other fiduciary of other corporations, trusts or entities. Notwithstanding the foregoing, the Executive may manage his passive investments, including by acting as trustee for any trust formed for the benefit of himself, any future spouse, their respective parents and his lineal descendants, and be involved in charitable, civic and religious interests so long as they do not materially interfere with the performance of the Executive’s duties hereunder. While Executive’s principal place of employment shall be in Belgium (Machelen) at the offices of Computer Task Group Belgium NV, Executive shall serve at the Company’s headquarters in Buffalo, NY for as much time as necessary or advisable to properly discharge his duties and responsibilities set forth in this Section 2 or as otherwise directed by the Board. Executive will also be expected to perform a substantial portion of his duties and responsibilities at such other locations as are necessary or advisable or as otherwise directed by the Board. In no event, however, shall Executive be required to spend business time at locations outside of Belgium (i.e. combined business time in the U.S. and any other location outside Belgium) in a proportion that would jeopardize his Belgian social security coverage. Notwithstanding anything to the contrary in these Terms or any other agreement, during any period that the Executive is working outside of the United States, he shall not have authority to negotiate on behalf of the Corporation, or to modify or accept contracts on behalf of the Corporation or to otherwise bind the Corporation to any contract with any third party or to conduct any business in the name of or on behalf of the Corporation.

3. COMPENSATION.

(a) The Employment Agreement shall specify the currency and amount of base salary and annual cash incentive and the applicable payroll split of such payments.

(b) The Corporation will deduct or withhold from all salary and incentive payments, and from all other payments made to the Executive pursuant to the Employment Agreement, all amounts that may be required to be deducted or withheld under any applicable social security contribution, income tax withholding or other similar U.S., Belgian or other applicable law now in effect or that may become effective during the term of the Employment Agreement and these Terms.

4. OTHER BENEFITS AND TERMS. During the term of the Executive’s employment under the Employment Agreement and these Terms, the Executive will be entitled to the following additional benefits:

(a) Travel insurance with aggregate coverage inclusive of the insurance provided under the Corporation’s American Express card program, in an amount equal to four times base salary; and

(b) Immigration assistance so as to ensure compliance with all immigration requirements in the U.S. and/or, if need be, in any other country.

5. REIMBURSEMENT FOR EXPENSES. The Corporation will reimburse the Executive in accordance with its expense reimbursement policy for expenses that the Executive may from time to time reasonably incur on behalf of the Corporation in the performance of his responsibilities and duties. In addition, for so long as the Executive does not elect to relocate his principal residence to Buffalo, New York (which he shall have no obligation to do), the Corporation will reimburse the Executive for reasonable air fare and reasonable airport transportation costs for travel no more frequently than weekly between the Executive’s principal residence in Belgium and the Corporation’s headquarters in Buffalo, New York, for housing expenses in Buffalo, New York and for reasonable local transportation expenses in Buffalo, New York. In case of intercontinental and/or transatlantic or otherwise long-haul air transportation, air fare and reasonable airport transportation costs will be accepted in business class. In other cases, the Executive will be expected to travel coach.

6. OTHER POSITIONS. In the event the Executive’s employment is terminated for any reason, the Executive shall resign on the date of notice of such termination of employment from any and all positions he may have as a director or officer of the Corporation and its subsidiary corporations. Notwithstanding, the Executive’s simultaneous termination of employment with both the Corporation and the Belgian Subsidiary will be completed in accordance with the Employment Agreement. The Executive understands and agrees that the Corporation shall be entitled to have such equitable relief, including the right to specific performance, to enforce the provisions of this Section.

7. INDEMNIFICATION. The Corporation agrees that it will provide the Executive with an indemnification agreement in form and substance consistent with the form of indemnification agreement provided to other senior executives of the Corporation.

8. CONFIDENTIALITY/ASSIGNMENT OF RIGHTS.

(a) During the course of his employment, the Executive will have access to confidential information relating to the lines of business of the Corporation, its trade secrets, marketing techniques, technical and cost data, information concerning customers and suppliers, information relating to product lines, and other valuable and confidential information relating to the business operations of the Corporation not generally available to the public (the “Confidential Information”). The parties hereby acknowledge that any unauthorized disclosure or misuse of the Confidential Information could cause irreparable damage to the Corporation. The parties also agree that covenants by the Executive not to make unauthorized use or disclosures of the Confidential Information are essential to the growth and stability of the business of the Corporation. Accordingly, the Executive agrees to the confidentiality covenants set forth in this Section.

(b) The Executive agrees that, except as required by his duties with the Corporation or as authorized by the Board in writing, he will not use or disclose to anyone at any time, regardless of whether before or after the Executive ceases to be employed by the Corporation, any of the Confidential Information obtained by him in the course of his employment with the Corporation. The Executive shall not be deemed to have violated this Section 8 by disclosure of Confidential Information that at the time of disclosure (a) is publicly available or becomes publicly available through no act or omission of the Executive, or (b) is disclosed as required by court order or as otherwise required by law, on the condition that notice of the requirement for such disclosure is given to the Corporation prior to make any disclosure.

(c) The Executive agrees that since irreparable damage could result from his breach of the covenants in this Section, in addition to any and all other remedies available to the Corporation, the Corporation will have the remedies of a restraining order, injunction or other equitable relief to enforce the provisions thereof. The Executive consents to jurisdiction in Erie County, New York on the date of the commencement of any action for purposes of any claims under this Section. In addition, the Executive agrees that the issues in any action brought under this Section will be limited to claims under this Section, and all other claims or counterclaims under other provisions of these Terms will be excluded.

(d) The Executive hereby sells, assigns and transfers to the Corporation all of his right, title and interest in and to all inventions, discoveries, improvements and copyrightable subject matter (the “rights”) which during the term of the Executive’s employment are made or conceived by him, alone or with others and which are within or arise out of any general field of the Corporation’s business or arise out of any work he performs or information he receives regarding the business of the Corporation while employed by the Corporation. The Executive shall fully disclose to the Corporation as promptly as available all information known or possessed by him concerning the rights referred to in the preceding sentence, and upon request by the Corporation and without any further remuneration in any form to him by the Corporation, but at the expense of the Corporation, execute all applications for patents and for copyright registration, assignments thereof and other instruments and do all things which the Corporation may deem necessary to vest and maintain in it the entire right, title and interest in and to all such rights.

(e) The Executive agrees that the obligations set forth in Sections 8 and 9 of these Terms shall survive any termination of these Terms and of the Employment Agreement and will remain in full force and effect.

9. NON-COMPETITION; NO DISPARAGEMENT.

(a) In consideration of the compensation and other benefits to be paid to the Executive under and in connection with these Terms, the Executive agrees that, beginning on the Effective Date of these Terms and continuing until the Covenant Expiration Date (as defined below), he will not, directly or indirectly, for his own account or as agent, employee, officer, director, trustee, consultant, partner, stockholder or equity owner of any other corporation or any other entity (except that he may passively own securities constituting less than 1% of any class of securities of a public company), or member of any firm or otherwise:

(i) engage or attempt to engage, in the Restricted Territory (as defined below), in any business activity which is directly or indirectly competitive with the business conducted by the Corporation or any Affiliate at the Reference Date (as defined below);

(ii) employ or solicit the employment of any person who is employed by the Corporation or any Affiliate at the Reference Date or at any time during the six-month period preceding the Reference Date, except that the Executive will be free to employ or solicit the employment of any such person whose employment with the Corporation or any Affiliate has terminated for any reason (without any interference from the Executive) and who has not been employed by the Corporation or any Affiliate for at least 6 months; provided, further, that this Section 9 (ii) will not prohibit the solicitation of personnel as a result of general media advertising or solicitation that may be targeted to a particular geographic or technical area but that is not targeted towards employees of the Corporation or any Affiliate;

(iii) canvass or solicit business in competition with any business conducted by the Corporation or any Affiliate at the Reference Date from any person or entity who during the six-month period preceding the Reference Date was a customer of the Corporation or any Affiliate or from any person or entity which the Executive has knowledge is or will be in the following six months actively solicited by the Corporation or any Affiliate to become a customer of the Corporation or any Affiliate as a result of marketing efforts, contacts or other facts and circumstances of which the Executive is aware, provided however that provided, further, that this Section 9 (iii) will not prohibit general media advertising that may be targeted to a particular geographic area or industry but that is not targeted towards customers or prospective customers of the Corporation or any Affiliate;

(iv) willfully dissuade or discourage any person or entity from using, employing or conducting business with the Corporation or any Affiliate; or

(v) intentionally disrupt or interfere with, or seek to disrupt or interfere with, the business or contractual relationship between the Corporation or any Affiliate and any supplier who during the six-month period preceding the Reference Date shall have supplied components, materials or services to the Corporation or any Affiliate.

(b) The Executive will not disparage or make false or adverse statements about the Corporation or its Affiliates, and, in such capacity, all of each such entity’s officers, directors, employees, insurers, agents, attorneys or assigns, in their individual and representative capacities, regardless of whether before or after the Executive ceases to be employed by the Corporation. The Corporation should report to Executive any actions or statements that are attributed to Executive that the Corporation believes are disparaging. The Corporation may take actions consistent with breach of these Terms should it determine that the Executive has disparaged or made false or

adverse statements about the Corporation or its Affiliates, and, in such capacity, all of each such entity’s officers, directors, employees, insurers, agents, attorneys or assigns, in their individual and representative capacities.

(c) The Corporation and its officers and directors will not disparage or make false or adverse statements about the Executive, regardless of whether before or after the Executive ceases to be employed by the Corporation. The Executive should report to the Corporation any actions or statements that are attributed to the Corporation’s officers and directors that the Executive believes are disparaging. The Executive may take actions consistent with breach of these Terms should it determine that the Corporation’s officers and directors have disparaged or made false or adverse statements about the Executive.

(d) Notwithstanding the foregoing, the restrictions imposed by this Section shall not in any manner be construed to prohibit, directly or indirectly, the Executive from serving as an employee or consultant of the Corporation or any Affiliate and performing his duties and responsibilities in connection therewith.

(e) For purposes of these Terms, the following terms have the meanings given to them below:

(i) “AFFILIATE” means any joint venture, partnership or subsidiary now or hereafter directly or indirectly owned or controlled by the Corporation. For purposes of clarification, an entity shall not be deemed to be indirectly or directly owned or controlled by the Corporation solely by reason of the ownership or control of such entity by shareholders of the Corporation.

(ii) “COVENANT EXPIRATION DATE” means the date which is one (1) year after the Termination Date (as defined in this Section).

(iii) “REFERENCE DATE” means (A) for purposes of applying the covenants set forth in this Section at any time prior to the Termination Date, the then current date, or (B) for purposes of applying the covenants set forth in this Section at any time on or after the Termination Date, the Termination Date.

(iv) “RESTRICTED TERRITORY” means the [United States of America].

(v) “TERMINATION DATE” means the date of termination of the Executive’s employment with the Corporation; PROVIDED, HOWEVER, that the Executive’s employment will not be deemed to have terminated so long as the Executive continues to be employed or engaged as an employee or consultant of the Corporation or any Affiliate, even if such employment or engagement continues after the expiration of the term of these Terms, whether pursuant to these Terms or otherwise.

10. SUCCESSORS.

(a) These Terms are personal to the Executive and may not be assigned by the Executive other than by will or the laws of descent and distribution. These Terms will inure to the benefit of and be enforceable by the Executive’s legal representatives or successors in interest. Notwithstanding any other provision of these Terms, payment of benefits under these Terms will be made to the estate of the Executive. This Section will not supersede any designation of beneficiary

or successor in interest made by the Executive or provided for under any other plan, practice, or program of the Corporation.

(b) These Terms will inure to the benefit of and be binding upon the Corporation and its successors and, in the event of a sale of all or substantially all its assets, its assigns.

(c) The Corporation will require any successor (whether direct or indirect, by acquisition of assets, merger, consolidation or otherwise) to all or substantially all of the operations or assets of the Corporation or any successor and without regard to the form of transaction used to acquire the operations or assets of the Corporation, to assume and agree to perform these Terms in the same manner and to the same extent that the Corporation would be required to perform it if no succession had taken place. As used in these Terms, “Corporation” means the Corporation and any successor to its operations or all or substantially all its assets as set forth in this Section that is required by this clause to assume and agree to perform these Terms or that otherwise assumes and agrees to perform these Terms.

11. FAILURE, DELAY OR WAIVER. No course of action or failure to act by the Corporation or the Executive will constitute a waiver by the party of any right or remedy under these Terms, and no waiver by either party of any right or remedy under these Terms will be effective unless made in writing.

12. SEVERABILITY. Whenever possible, each provision of these Terms will be interpreted in such a manner as to be enforceable under applicable law. However, if any provision of these Terms is deemed unenforceable under applicable law by a court having jurisdiction, the provision will be unenforceable only to the extent necessary to make it enforceable without invalidating the remainder thereof or any of the remaining provisions of these Terms.

13. NOTICE. All written communications to parties required hereunder must be in writing and (a) delivered in person, (b) mailed by registered or certified mail, return receipt requested, (such mailed notice to be effective 4 days after the date it is mailed) or (c) sent by electronic or facsimile transmission, with confirmation sent by way of one of the above methods, to the party at the address given below for the party (or to any other address as the party designates in a writing complying with this Section, delivered to the other party):

If to the Corporation:

Computer Task Group, Incorporated

800 Delaware Avenue

Buffalo, New York 14209

Attention: General Counsel

Telephone: 716-882-8000

Telecopier: 716-887-7370

Email: peter.radetich@ctg.com

If to the Executive, to the last address maintained by the Corporation for payroll purposes.

14. MISCELLANEOUS. These Terms may not be amended, modified or terminated orally or by any course of conduct pursued by the Corporation or the Executive, but may be amended, modified or terminated only by a written agreement duly executed by the Corporation and the Executive and is binding upon and inures to the benefit of the Corporation and the Executive and each of their respective heirs, representatives, successors and assignees, except that the Executive may not

assign any of his rights or obligations pursuant to these Terms. Except as otherwise provided in these Terms, these Terms constitutes the entire agreement between the Corporation and the Executive with respect to the subject matter of these Terms, and supersedes all oral and written proposals, representations, understandings and agreements previously made or existing with respect to such subject matter.

15. MULTIPLE COUNTERPARTS. These Terms may be executed in one or more counter parts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Any party may execute these Terms by facsimile signature and the other party shall be entitled to rely on such facsimile signature as evidence that these Terms have been duly executed by such party. Any party executing these Terms by facsimile signature shall immediately forward to the other party an original page by overnight mail.

16. GOVERNING LAW. These Terms, and all disputes and controversies arising herefrom or related thereto, shall be governed by and construed and interpreted in accordance with the laws of the State of New York without reference to principles of conflict of laws, except where the laws of the Kingdom of Belgium mandatorily apply.

17. REPRESENTATION BY EXECUTIVE AND IMMIGRATION STATUS.

(a) The Executive represents to the Corporation that he is not subject to any agreement between him and any other person, firm or organization that may prevent or restrict in any way his ability to provide services to the Corporation pursuant to the Employment Agreement and these Terms or that would otherwise be violated by the performance of his obligations under the Employment Agreement or these Terms. The Executive understands and agrees that a breach of this representation shall be considered to be a material breach of the Employment Agreement and these Terms and shall be grounds for immediate termination of employment.

(b) These Terms are subject to the proper and timely processing of the US visa, work permit and other related documents, as well as any other government clearances, required of you in connection with the Executive’s performance of services in the United States which are contemplated under the Employment Agreement and these Terms.

18. US TAX: PARACHUTE PAYMENTS. If the total payments and benefits to be paid to or for the benefit of the Executive (the “Payment”) would cause any portion of those payments and benefits to be “parachute payments” as defined in Code Section 280G(b)(2), or any successor provision, the total payments and benefits to be paid to or for the benefit of the Executive shall be reduced, if applicable, by the Corporation to the Adjusted Amount. The “ Adjusted Amount” shall be the Payment reduced to the largest portion of the Payment that would otherwise result in no portion of the Payment being subject to the excise tax imposed by Code Section 4999 (the “Excise Tax”). If a reduction in payments or benefits is necessary so that the Payment equals the Adjusted Amount, reduction shall occur in the following order: first by reducing or eliminating the portion of the Payment that is payable in cash, second by reducing or eliminating the portion of the Payment that is not payable in cash (other than Payments as to which Treasury Regulations Section 1.280G-1 Q/A—24(c) (or any successor provision thereto) applies (“Q/A-24(c) Payments”)), and third by reducing or eliminating Q/A-24(c) Payments. In the event that any Q/A-24(c) Payment or acceleration is to be reduced, such Q/A-24(c) Payment shall be reduced or cancelled in the reverse order of the date of grant of the awards. For purposes of making the calculations and determinations under this Section, the Corporation may make reasonable assumptions and approximations concerning the application of Code Sections 280G and 4999. The Executive shall furnish to the

Corporation such information and documents as the Corporation may reasonably request to make the calculations and determinations under this Section.

19. US TAX: SECTION 409A. To the extent that the Corporation determines (i) that the Executive is subject to US income taxation and the potential application of Section 409A, and (ii) that any compensation or benefit payable to the Executive constitutes nonqualified deferred compensation within the meaning of Section 409A of the Code, and any Treasury Regulations and other interpretive guidance issued thereunder (collectively referred to in this Section as “Section 409A”), these Terms are intended, with respect to such compensation or benefit, to comply with the applicable requirements of Section 409A or satisfy an applicable exception thereto, and these Terms shall be construed and administered in accordance with such intent, provided that the Corporation shall not be required to assume any increased economic burden in connection therewith. Although the Corporation intends to administer these Terms so that it will comply with the requirements of Section 409A, the Corporation does not represent or warrant that these Terms will comply with Section 409A or any other provision of federal, state, local or foreign law. Neither the Corporation nor its directors, officers, employees or advisers shall be liable to the Executive (or any other individual claiming a benefit through the Executive) for any tax, interest, or penalties the Executive may owe as a result of compensation or benefits paid in relation to his employment, and the Corporation shall have no obligation to indemnify or otherwise protect the Executive from the obligation to pay any taxes pursuant to Section 409A or otherwise or to make any “gross up” payments in respect thereof.

Notwithstanding any provision of these Terms to the contrary, any compensation or benefit payable hereunder that constitutes a deferral of compensation under Section 409A shall be subject to the following:

(a) The parties agree that if any compensation or benefit payable hereunder may be subject to the requirements of Section 409A, the Corporation may adopt such amendments to this Agreement or take any other actions which are intended, with respect to such compensation or benefit, to either (a) comply with the applicable requirements of Section 409A or (b) satisfy an applicable exception thereto.

(b) If the Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Code Section 409A(a)(2)(B)(i), to the extent delayed commencement of any portion of the compensation or benefits to which the Executive is entitled in relation to the employment contemplated under these Terms is required in order to avoid a prohibited distribution under Code Section 409A(a)(2)(B)(i) (any such delayed commencement, a “Payment Delay”), such compensation or benefits shall be provided to the Executive on the earlier to occur of (1) the date that is six months and one day from the date of the Executive’s “separation from service” with the Corporation or (2) the Executive’s death. Upon the earlier of such dates, all payments and benefits deferred pursuant to the Payment Delay shall be paid in a lump sum to the Executive, and any remaining compensation and benefits due in relation to the employment contemplated under these Terms shall be paid or provided as otherwise set forth herein. The determination of whether the Executive is a “specified employee” for purposes of Code Section 409A(a)(2)(B)(i) as of the time of his separation from service shall be made by the Corporation in accordance with the terms of Section 409A.

(c) Each separately identified amount and each installment payment, to which the Executive is entitled to payment shall be deemed to be a separate payment for purposes of Section 409A.

(d) With regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A, (i) the right to payment or reimbursement or in-kind benefits shall not be subject to liquidation or exchange for any other benefit, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during any taxable year of the Executive shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year, provided that the foregoing clause (ii) shall not be violated by any lifetime and other annual limits provided under the Corporation’s health plans and (iii) such payments shall be made on or before the last day of the Executive’s taxable year following the taxable year in which the expense was incurred.

(e) The payment of any compensation or benefit that is subject to the requirements of Section 409A may not be accelerated except to the extent permitted by Section 409A.

(f) In any case where these Terms require the payment of an amount subject to Section 409A during a period of two or more days that overlaps two calendar years, the Executive shall have no right to determine the calendar year in which payment actually occurs.

[signatures on next page]

IN WITNESS WHEREOF, the parties have duly executed these Terms on the date last signed below.


Computer Task Group, Incorporated

By:		/s/ Daniel J. Sullivan
		Daniel J. Sullivan

Title: Chairman of the Board of Directors

Date: March 4, 2019

Executive

		/s/ Filip J.L. Gydé
		Filip J.L. Gydé

Date: March 4, 2019