Summary of Continuing Employment Terms between NCR Corporation and Stuart Mackinnon

Contract Categories: Human Resources › Employment Agreements
Summary

This agreement outlines the employment terms for Stuart Mackinnon with NCR Corporation. Mackinnon will serve as General Manager of the ATM business, reporting to the President of NCR Banking. He will receive a $500,000 retention bonus if he remains employed through December 31, 2023, and an equity grant valued at $3 million, with potential for additional performance-based shares. The agreement also offers Mackinnon the opportunity for a top executive role in a future ATM-focused company, mentorship from a board member, and access to an executive coach.

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EX-10.13 4 6 exhibit10134stuartmackinno.htm EX-10.13 4 Document
Exhibit 10.13.4
Summary of Continuing Employment Terms
Stuart Mackinnon (“Employee”)
October 24, 2022
Near Term Role
•General Manager of the ATM business with responsibility for development, product and operations. Reporting to Don Layden, President of NCR Banking.
Compensation
•A retention stay bonus of $500,000 payable on December 31, 2023 so long as Employee remains an employee of NCR through that date.
•An equity grant of $3 million on the date of the next general equity grant to executives of NCR, expected to include performance based equity shares with upside of up to 2x at grant price.
NCR Strategic Role Opportunity
•Opportunity to be one of the top 3 executives in ATMCo after spin, including CEO Or COO.
•Identity a current member of the Board of Directors of NCR to serve as a mentor in developing executive management skills and process.
•Retain an executive coach to provide developmental insights and feedback.

NCR Corporation
/s/ Michael D. Hayford______________
Michael D. Hayford
CEO

Employee
/s/ Stuart Mackinnon_________________
Stuart Mackinnon