Exhibit 10.2

Lender Processing Services, Inc.
2008 Omnibus Incentive Plan

Notice of Performance-Based Restricted Stock Grant

You (the “Grantee”) have been granted the following award of restricted Common
Stock of Lender Processing Services, Inc. (the “Company”), par value $0.0001 per
share (the “Shares”), pursuant to the Lender Processing Services, Inc. 2008
Omnibus Incentive Plan (the “Plan”):

Name of Grantee:
Lee A. Kennedy
Number of Shares of Restricted Stock Granted:
161,000
Effective Date of Grant:
July 28, 2011
Period of Restriction:
See Appendix A

By your signature and the signature of the Company’s representative below, you
and the Company agree and acknowledge that this grant of restricted stock is
granted under and governed by the terms and conditions of the Plan and the
Restricted Stock Agreement, which are incorporated herein by reference, and that
you have been provided with a copy of the Plan and Restricted Stock Agreement
(including Appendix A).

Stock Recipient:
 
Lender Processing Services, Inc.
 
 
 
 
 
 
 
 
 
 
By:
/s/ Lee A. Kennedy
 
By:
/s/ Thomas L. Schilling
Print Name:
Lee A. Kennedy
 
 
Thomas L. Schilling
Date:
10/20/2011
 
 
Executive Vice President and
 
 
 
 
Chief Financial Officer
 
 
 
 
 

1

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Appendix A
Period of Restriction
This grant is subject to both service and performance-based vesting conditions
described below. The period beginning on the Effective Date of Grant and ending
upon satisfaction of both vesting conditions is referred to as the “Period of
Restriction.”
Performance Restriction
In order for the Restricted Stock to vest, the Company must achieve market share
gain of at least $150 million during the period commencing on June 1, 2011 and
ending December 31, 2013 (the “Three-Year Performance Objective”).
Notwithstanding the foregoing, 33⅓% of the shares of Restricted Stock shall
become eligible to vest upon each of the following events (each an “Annual
Performance Objective”): (i) the Company’s achievement of market share gain of
at least $50 million during the period beginning June 1, 2011 and ending May 30,
2012; (ii) the Company’s achievement of market share gain of at least $50
million during the period beginning January 1, 2012 and ending December 31,
2012, and/or (iii) the Company’s achievement of market share gain of at least
$50 million during the period beginning January 1, 2013 and ending December 31,
2013. Market share gain is determined based upon internal and external sources,
shall be calculated using the same methodology used to determine the Company’s
market share for purposes of the Company’s Strategic Plan, and shall be
evaluated and certified by the Committee as of the following dates (each a
“Calculation Date”):
May 30, 2012            December 31, 2012
December 31, 2013

The Three Year Performance Objective and the Annual Performance Objectives shall
be collectively referred to as the “Performance Objective.”
Service Restriction
In addition to satisfaction of the Performance Objective, except as otherwise
provided in the Award Agreement or the Plan, the Grantee must remain employed
through the anniversary dates set forth in the following table in order for the
Restricted Stock to vest:
“Anniversary Date”
 
% of Restricted Stock
First (1st) anniversary of the Effective Date of Grant
 
33⅓%
Second (2nd) anniversary of the Effective Date of Grant
 
33⅓%
Third (3rd) anniversary of the Effective Date of Grant
 
33⅓%

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Vesting

The percentage of the Restricted Stock indicated next to each Anniversary Date
in the above table shall vest and the Period of Restriction shall expire with
respect to such percentage of Restricted Stock on such Anniversary Date if the
Grantee is employed by the Company or any Subsidiary on such Anniversary Date
and either (1) the Three-Year Performance Objective has been achieved prior to
such Anniversary Date or (2) the Annual Performance Objective applicable to the
Calculation Date that immediately precedes such Anniversary Date has been
achieved on such Calculation Date.

If the Three-Year Performance Objective is not achieved and none of the Annual
Performance Objectives has been achieved on or before December 31, 2013, none of
the Restricted Stock granted hereunder shall vest and, for no consideration, all
shares of Restricted Stock granted hereunder will automatically forfeit to the
Company. If the Three-Year Performance Objective is not achieved and only one of
the Annual Performance Objectives has been achieved on or before December 31,
2013, the remaining 66⅔ of the Restricted Stock granted hereunder that is still
subject to the Performance Objective will not vest and, for no consideration,
will automatically forfeit to the Company. If the Three-Year Performance
Objective is not achieved and only two of the Annual Performance Objectives has
been achieved on or before December 31, 2013, the remaining 33⅓ of the
Restricted Stock granted hereunder that is still subject to the Performance
Objective will not vest and, for no consideration, will automatically forfeit to
the Company.

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Lender Processing Services, Inc.
2008 Omnibus Incentive Plan

Performance-Based Restricted Stock Award Agreement

SECTION 1.    GRANT OF RESTRICTED STOCK

(a)    Restricted Stock. On the terms and conditions set forth in the Notice of
Restricted Stock Grant (including Appendix A) and this Performance-Based
Restricted Stock Award Agreement (the “Agreement”), the Company grants to the
Grantee on the Effective Date of Grant the Restricted Stock set forth in the
Notice of Restricted Stock Grant.
(b)    Plan and Defined Terms. The Restricted Stock is granted pursuant to the
Plan. All terms, provisions, and conditions applicable to the Restricted Stock
set forth in the Plan and not set forth herein are hereby incorporated by
reference herein. To the extent any provision hereof is inconsistent with a
provision of the Plan, the provisions of the Plan will govern. All capitalized
terms that are used in the Notice of Restricted Stock Grant (including Appendix
A) or this Agreement and not otherwise defined therein or herein shall have the
meanings ascribed to them in the Plan.
SECTION 2.    FORFEITURE AND TRANSFER RESTRICTIONS
(a)    Forfeiture Restrictions. If the Grantee’s employment or service as a
Director or Consultant, as the case may be, is terminated for any reason other
than (i) death, (ii) Disability (as defined below) or (iii) termination by the
Company and its Subsidiaries without Cause (as defined below), the Grantee
shall, for no consideration, forfeit to the Company the Shares of Restricted
Stock to the extent such Shares are subject to a Period of Restriction at the
time of such termination. If the Grantee’s employment or service as a Director
or Consultant, as the case may be, terminates due to the Grantee’s death or
Disability while Shares of Restricted Stock are subject to a Period of
Restriction, the Period of Restriction with respect to such Shares shall lapse,
and the Shares shall vest and become free of the forfeiture and transfer
restrictions described in this Section 2 on the date of the Grantee’s
termination of employment or service. If the Grantee’s employment or service as
a Director or Consultant, as the case may be, is terminated by the Company and
its Subsidiaries without Cause, the service-based vesting conditions applicable
to such Shares shall lapse on the date of the Grantee’s termination of
employment or service, but the Performance Objective shall continue to apply and
the Shares of Restricted Stock shall become free of the forfeiture and transfer
restrictions described in this Section 2 (except the mandatory holding period
described in Section 2(d), which shall remain in effect for the period specified
therein) if and only if the Performance Objective is attained. For avoidance of
doubt, if neither the Three-Year Performance Objective nor any Annual
Performance Objective has been attained as of the final Calculation Date, a
Grantee whose employment or service as a Director or Consultant, as the case may
be, is terminated by the Company and its Subsidiaries without Cause shall, for
no consideration, forfeit to the Company all of the Shares of Restricted Stock.
(i)    The term “Cause” shall have the meaning ascribed to such term in the
Grantee’s employment agreement with the Company or any Subsidiary. If the
Grantee’s employment

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agreement does not define the term “Cause,” or if the Grantee has not entered
into an employment agreement with the Company or any Subsidiary, the term
“Cause” shall mean (A) the willful engaging by the Grantee in misconduct that is
demonstrably injurious to the Company or any Subsidiary (monetarily or
otherwise), as determined by the Company in its sole discretion, (B) the
Grantee’s conviction of, or pleading guilty or nolo contendere to, a felony
involving moral turpitude, or (C) the Grantee’s violation of any
confidentiality, non-solicitation, or non-competition covenant to which the
Grantee is subject.

(ii)    The term “Disability” shall have the meaning ascribed to such term in
the Grantee’s employment agreement with the Company or any Subsidiary. If the
Grantee’s employment agreement does not define the term “Disability,” or if the
Grantee has not entered into an employment agreement with the Company or any
Subsidiary, the term “Disability” shall mean the Grantee’s entitlement to
long-term disability benefits pursuant to the long-term disability plan
maintained by the Company or in which the Company’s employees participate.

(b)    Transfer Restrictions. During the Period of Restriction, the Restricted
Stock may not be sold, assigned, pledged, exchanged, hypothecated or otherwise
transferred, encumbered or disposed of to the extent such Shares are subject to
a Period of Restriction.
(c)    Lapse of Restrictions. The Period of Restriction shall lapse as to the
Restricted Stock in accordance with Appendix A of the Notice of Restricted Stock
Grant. Subject to the terms of the Plan and Sections 2(d) and 4(a) hereof, upon
lapse of the Period of Restriction, the Grantee shall own the Shares that are
subject to this Agreement free of all restrictions otherwise imposed by this
Agreement.
(d)    Mandatory Holding Period. Notwithstanding anything contained in the
Notice of Restricted Stock Grant (including Appendix A), this Agreement or the
Plan to the contrary, the Holding Period Shares (as defined in the following
sentence) may not be sold, assigned, pledged, exchanged, hypothecated or
otherwise transferred, encumbered or disposed of for a period of six (6) months
following the lapse of the Period of Restriction. For purposes of the prior
sentence, the term “Holding Period Shares” shall mean, with respect to each
tranche of Shares of Restricted Stock with respect to which the Period of
Restriction lapses, the number of such Shares equal to the product of (x)
multiplied by (y), rounded up to the nearest whole share, where (x) is the
number of Shares of Restricted Stock with respect to which the Period of
Restriction lapses, reduced by the number of Shares withheld by the Company
pursuant to Section 4(a) hereof to satisfy the minimum statutory withholding
obligations (based on minimum statutory withholding rates for federal, state and
local tax purposes, as applicable, including payroll taxes) and (y) is fifty
percent (50%).

SECTION 3.    STOCK CERTIFICATES
As soon as practicable following the grant of Restricted Stock, the Shares of
Restricted Stock shall be registered in the Grantee’s name in certificate or
book-entry form. If a certificate is issued, it shall bear an appropriate legend
referring to the restrictions and it shall be held by the Company, or its agent,
on behalf of the Grantee until the Period of Restriction has lapsed. If the
Shares are registered in book-entry form, the restrictions shall be placed on
the book-entry registration. The Grantee may be required to execute and return
to the Company a blank stock

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power for each Restricted Stock certificate (or instruction letter, with respect
to Shares registered in book-entry form), which will permit transfer to the
Company, without further action, of all or any portion of the Restricted Stock
that is forfeited in accordance with this Agreement.
Except for the transfer restrictions, and subject to the following provisions in
this Section 3 and such other restrictions, if any, as determined by the
Committee, the Participant shall have all other rights of a holder of Shares,
including the right to receive dividends paid (whether in cash or property) with
respect to the Restricted Stock and the right to vote (or to execute proxies for
voting) such Shares. Unless otherwise determined by the Committee, if all or
part of a dividend in respect of the Restricted Stock as to which the Period of
Restriction has not yet lapsed is paid in Shares or any other security issued by
the Company, such Shares or other securities shall be held by the Company
subject to the same restrictions as the Restricted Stock in respect of which the
dividend was paid. If all or part of a dividend in respect of the Restricted
Stock as to which the Period of Restriction has not yet lapsed is paid in cash,
such cash dividend shall not be paid to the Grantee unless and until the Period
of Restriction with respect to such Restricted Stock lapses, at which time the
cash shall be paid as soon as practicable (but not later than thirty (30) days)
thereafter. For purposes of determining whether a cash dividend is attributable
to Restricted Stock as to which the Period of Restriction has lapsed, all cash
dividends with a record date on or prior to the date of the lapsing of the
Period of Restriction of the Restricted Stock shall be deemed attributable to
such Restricted Stock.
SECTION 4.    MISCELLANEOUS PROVISIONS

(a)    Tax Withholding. Pursuant to Article 20 of the Plan, the Committee shall
have the power and right to deduct or withhold, or require the Grantee to remit
to the Company, an amount sufficient to satisfy any federal, state and local
taxes (including the Grantee’s FICA obligations) required by law to be withheld
with respect to this Award. The Committee may condition the delivery of Shares
upon the Grantee’s satisfaction of such withholding obligations. The Grantee’s
acceptance of this Award constitutes the Grantee’s instruction and authorization
to the Company to withhold, from the Shares of Restricted Stock with respect to
which the Period of Restriction lapses, a number of such Shares having an
aggregate Fair Market Value equal to the minimum statutory withholding (based on
minimum statutory withholding rates for federal, state and local tax purposes,
as applicable, including payroll taxes) that could be imposed on the
transaction, and, to the extent the Committee so permits, amounts in excess of
the minimum statutory withholding to the extent it would not result in
additional accounting expense; provided, however, that, unless otherwise
determined by the Committee, a Grantee may elect to satisfy such tax withholding
requirements by timely remittance of such amount by cash or check or by such
other method that is acceptable to the Company, rather than by withholding of
shares. The Committee may, in its sole discretion, choose to permit, not permit,
approve or not approve such elections and, subject to applicable law, may
establish and/or change from time to time any terms and conditions applicable to
such elections as it may deem appropriate.
(b)    Change in Control. Unless otherwise specifically prohibited under
applicable laws, or by the rules and regulations of any governing governmental
agencies or national securities exchanges, upon the occurrence of a Change in
Control on or after the first anniversary of the

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Effective Date of Grant, and while Shares of Restricted Stock are subject to a
Period of Restriction or any other restriction, the Period of Restriction and
any other restrictions with respect to such Shares of Restricted Stock shall
lapse, including the mandatory holding period restriction described in Section
2(d). For the avoidance of doubt, if a Change in Control occurs prior to the
first anniversary of the Effective Date of Grant, any Shares of Restricted Stock
that are subject to a Period of Restriction at the time of such Change in
Control shall remain subject to the forfeiture and transfer restrictions
described in Section 2 of this Agreement, including the mandatory holding period
restriction described in Section 2(d). This Section 4(b) shall supersede the
provisions set forth in Article 17 of the Plan, and to the extent any provision
in this Section 4(b) is inconsistent with Article 17 of the Plan, the provisions
of this Section 4(b) will govern.

(c)    Ratification of Actions. By accepting this Agreement, the Grantee and
each person claiming under or through the Grantee shall be conclusively deemed
to have indicated the Grantee’s acceptance and ratification of, and consent to,
any action taken under the Plan or this Agreement and Notice of Restricted Stock
Grant (including Appendix A) by the Company, the Board or the Committee.

(d)    Notice. Any notice required by the terms of this Agreement shall be given
in writing and shall be deemed effective upon personal delivery or upon deposit
with the United States Postal Service, by registered or certified mail, with
postage and fees prepaid. Notice shall be addressed to the Company at its
principal executive office and to the Grantee at the address that he or she most
recently provided in writing to the Company.
(e)    Choice of Law. This Agreement and the Notice of Restricted Stock Grant
(including Appendix A) shall be governed by, and construed in accordance with,
the laws of Florida, without regard to any conflicts of law or choice of law
rule or principle that might otherwise cause the Agreement or Notice of
Restricted Stock Grant (including Appendix A) to be governed by or construed in
accordance with the substantive law of another jurisdiction.
(f)    Modification or Amendment. This Agreement may only be modified or amended
by written agreement executed by the parties hereto; provided, however, that the
adjustments permitted pursuant to Section 4.3 of the Plan may be made without
such written agreement.
(g)    Severability. In the event any provision of this Agreement shall be held
illegal or invalid for any reason, the illegality or invalidity shall not affect
the remaining provisions of this Agreement, and this Agreement shall be
construed and enforced as if such illegal or invalid provision had not been
included.
(h)    References to Plan. All references to the Plan shall be deemed references
to the Plan as may be amended from time to time.