ProQuest Business Solutions Discretionary Bonus Agreement with Andy Wyszkowski (August 23, 2005)
ProQuest Business Solutions, through its CEO Alan Aldworth, awards Andy Wyszkowski a $450,000 discretionary bonus for his role in securing a multi-year contract with General Motors. The bonus will be paid in March 2006, provided Andy remains voluntarily employed through December 31, 2005. If he is disabled, dies, or is involuntarily terminated (except for cause) before that date, the bonus will still be paid to him or his estate. This agreement recognizes Andy's leadership and contributions to the company's strategic goals.
Exhibit 10.22
| Date: | August 23, 2005 | |
| TO: | Andy Wyszkowski | |
| From: | Alan Aldworth | |
| Subject: | Discretionary bonus for GM contract | |
| cc: | Todd Buchardt | |
| Linda Longo-Kazanova | ||
| William Obemdorf | ||
| Gary Roubos | ||
Andy, on behalf of the company and the Board, I would like to congratulate you on your conclusion of the new multi-year contract with General Motors. Concluding this agreement was of strategic importance to the company.
In recognition of this success and its importance to our long term strategic initiatives, and in recognition of your leadership role in its implementation, I am pleased to award you a $450,000 discretionary bonus. This bonus is contingent on your remaining voluntarily employed with the company through December 31, 2005, and it will be paid in March 2006 along with other ProQuest Company bonuses. In the very unlikely event that you should be disabled, die or be involuntary terminated, except for cause, prior to December 31,2005, this bonus will still be paid to you or to your estate in March 2006.
I am very appreciative of the level of effort and commitment that you have put into this initiative and into your work at ProQuest Business Solutions.
Congratulations, and I look forward to your ongoing success.
| /s/ Alan Aldworth |
| Alan Aldworth |
| Chairman and Chief Executive Officer |
