Exhibit 10.15

 

CEO and EVP Salary and Bonus Arrangements

 

On February 23, 2005, the Compensation and Benefits Committee (the “Committee”)
of the Board of Directors of First Data Corporation (the “Company”) approved the
following 2005 base salaries, target bonuses and incentive awards, and 2004
bonus payments for the Company’s executive officers after a review of
performance and competitive market data.

 

Name and Title

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2005

Base Salary

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2005

Bonus

Target

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    Stock
Option
Grant(1)

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   Long-Term
Performance
Award

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2004

Bonus
Payment

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Deferred

Payment

Bonus (2)

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Charles T. Fote

Chairman and Chief Executive Officer

   $ 1,100,000    $ 1,400,000 (3)   300,000    100,000 (4)   $ 1,100,000    $ 0

Guy A. Battista

Executive Vice President, Chief Information Officer

   $ 525,000    $ 500,000 (5)   100,000    35,000 (6)   $ 450,000    $ 550,000

Scott H. Betts

President, Enterprise Payments

   $ 550,000    $ 600,000 (7)   125,000    40,000 (6)   $ 600,000    $ 600,000

Michael D’Ambrose

Executive Vice President, HR

   $ 525,000    $ 500,000 (5)   100,000    35,000 (6)   $ 450,000    $ 550,000

Christina A. Gold

President, Western Union Financial Services

   $ 650,000    $ 700,000 (7)   150,000    50,000 (6)   $ 600,000    $ 750,000

Kimberly S. Patmore

Executive Vice President, Chief Financial Officer

   $ 525,000    $ 500,000 (5)   100,000    40,000 (6)   $ 450,000    $ 550,000

Pamela H. Patsley

President, First Data International

   $ 550,000    $ 600,000 (7)   125,000    40,000 (6)   $ 600,000    $ 600,000

James L. Schoedinger

President, Card Services

   $ 500,000    $ 500,000 (7)   110,000    35,000 (6)   $ 500,000    $ 500,000

Michael T. Whealy

Executive Vice President, General Counsel & Chief Administrative Officer

   $ 525,000    $ 500,000 (5)   100,000    35,000 (6)   $ 500,000    $ 550,000

 

 

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(1) Options were granted under the Company’s 2002 Long-Term Incentive Plan and
carry an exercise price of $40.075 per share, 100% of the fair-market value of
the underlying common stock on the date of grant. The options will expire on
February 23, 2015 and become exercisable in increments of one-fourth each year
beginning on the first anniversary of the date of the grant.

(2) Approved to be paid in March 2006 if the executive is still employed by the
Company.

(3) Pay out pursuant to the Company’s Senior Executive Incentive Plan, which was
approved by shareholders.

(4) Restricted stock award that vests in increments of one-fourth each year with
the first increment vesting on February 23, 2005.

(5) Pay out based upon performance as measured by the Company’s revenues,
operating profits and earnings per share and is subject to adjustment to reflect
the executive’s performance. Payout will be increased by $100,000 if Mr. Betts,
Ms. Gold, Ms. Patsley and Mr. Schoedinger each earn their 2005 target bonus.

(6) Restricted stock award that vests 25% per year beginning on the first
anniversary of the date of the grant.

(7) Pay out based upon performance as measured by the applicable business unit
revenues and operating profits, as well as the Company’s earnings per share, and
is subject to adjustment to reflect the executive’s performance.

 

From time to time, the Company’s executive officers receive certain perquisites
and personal benefits that may include personal use of the Company’s aircraft,
personal use of tickets to certain professional events, personal financial
planning up to $20,000 per year, country club membership expenses, and
reimbursement for relocation and moving expenses. With the exception of
relocation and moving expenses, generally the value of such perquisites does not
exceed $50,000 per year per executive.