Item 5.02 Departure of Directors or Certain Officers? Election of Directors?
Appointment of Certain Officers? Compensatory Arrangements of Certain Officers.
Vishal Gupta, Senior Vice President, Solution Innovation and Architecture, and
Chief Technology Officer of Unisys Corporation (the "Company"), will be leaving
the Company effective January 31, 2021. Upon Mr. Gupta's departure, in addition
to any benefits to which he is entitled under the Company's plans in accordance
with their terms, Mr. Gupta will be entitled to receive the benefits applicable
upon a termination other than for cause pursuant to his July 24, 2018 letter
agreement with the Company. In addition, Mr. Gupta will be entitled to any
outstanding awards previously granted to him under the Company's long-term
incentive plans based on performance through December 31, 2020 or his continued
employment through February 2021 as if he remained employed by the Company
through February 2021 and he will be eligible to receive a bonus under the
Unisys Corporation Executive Variable Compensation Plan pursuant to the terms of
this Plan.
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