Exhibit 10.25
American Management Systems, Inc. 4050 Legato Road Fairfax, VA 22033 ams.com Tel 703.267.5150 Fax 703.267.8020 Alfred T. Mockett
Chairman and Chief Executive Officer
April 29, 2002 Frank Nicolai 12325 Hatton Pont Road Ft. Washington, MD 20744 Dear Frank, This letter serves to confirm the terms and conditions associated with your pending retirement from AMS.
Your current employment arrangements will continue through June 30, 2002, and your last day of work will be Friday, June 28.
Beginning July, 2002, you will receive payments of $50,000 per month, payable on the 15th of each month, and subject to applicable withholdings, for a period of 24 months. This will take the form of an unfunded, unsecured promise to pay on the part of the company. This payment will be made to your estate in the event of your death. Your COBRA rights and rights under the AMS Retiree Health Plan will be explained in a separate letter.
The payments are in consideration of your agreement to provide consulting services to the Board, not to exceed 75 days per year in each year following retirement. Appropriate office space and administrative su ...
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