Exhibit 10.2

PERFORMANCE SHARE AWARD AGREEMENT

THIS PERFORMANCE SHARE AWARD AGREEMENT (this “Agreement”) is made as of the date
set forth in Schedule A hereto (the “Grant Date”) by and between ACI Worldwide,
Inc., a Delaware corporation (the “Corporation”) and the individual identified
in Schedule A hereto, an employee of the Corporation or its Subsidiaries (the
“Grantee”). Capitalized terms not otherwise defined herein shall have the
meaning ascribed to such terms in the ACI Worldwide, Inc. 2016 Equity and
Performance Incentive Plan (the “Plan”).

WHEREAS, the Board has duly adopted, and the stockholders of the Corporation
have approved, the Plan, which authorizes the Corporation to grant to eligible
individuals performance shares, each such performance share being equal in value
to one share of the Corporation’s common stock, par value of $0.005 per share
(the “Common Shares”); and

WHEREAS, the Board has determined that it is desirable and in the best interests
of the Corporation and its stockholders to approve a long-term incentive program
and, in connection therewith, to grant the Grantee a certain number of
performance shares, in order to provide the Grantee with an incentive to advance
the interests of the Corporation, all according to the terms and conditions set
forth herein and in the Plan.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein, the parties hereto do hereby agree as follows:

1.        Grant of Performance Shares.

(a)        Subject to the terms of the Plan, the Corporation hereby grants to
the Grantee the number of performance shares (the “Performance Shares”) set
forth in Schedule A, payment of which depends on the Corporation’s performance
as set forth in this Agreement and in the Statement of Performance Goals
attached hereto and incorporated herein by this reference (the “Statement of
Performance Goals”) approved by the Compensation Committee of the Board (the
“Committee”).

(b)        The Grantee’s right to receive all or any portion of the Performance
Shares will be contingent upon the achievement of certain management objectives
(the “Management Objectives”), as set forth in the Statement of Performance
Goals. The achievement of the Management Objectives will be measured during the
performance period set forth on the Statement of Performance Goals.

(c)        The Management Objectives for the Performance Period will be as set
forth on the Statement of Performance Goals.

2.        Earning of Performance Shares.

(a)        Earning Calculation. If, upon the conclusion of the Performance
Period, the applicable Management Objective equals or exceeds the threshold
level set forth in the performance matrix contained in the Statement of
Performance Goals (the “Performance Matrix”), a proportionate number of the
Performance Shares shall become earned for the

 

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applicable Management Objective, as determined by mathematical interpolation and
rounded up to the nearest whole share.

(b)        Modification. If the Committee determines that a change in the
business, operations, corporate structure or capital structure of the
Corporation, the manner in which it conducts business or other events or
circumstances render the Management Objectives to be unsuitable, the Committee
may modify such Management Objectives or the related levels of achievement, in
whole or in part, as the Committee deems appropriate; provided, however, that in
the case of an award to a Covered Employee intended to qualify for an exemption
under Section 162(m) of the Internal Revenue Code of 1986, as amended (the
“Code”), no such action may result in the loss of the otherwise available
exemption of the award under Section 162(m).

(c)        Conditions; Determination of Earned Award. Except as otherwise
provided herein, the Grantee’s right to receive any Performance Shares is
contingent upon his or her remaining in the continuous employ of the Corporation
or a Subsidiary through the end of the Performance Period. For purposes of this
Agreement, the continuous employ of the Grantee shall not be considered
interrupted or terminated in the case of transfers between locations of the
Corporation and its Subsidiaries. Following the Performance Period, with respect
to Grantees that are Covered Employees, the Committee shall certify that the
Management Objectives have been satisfied and shall determine the number of
Performance Shares that shall have become earned hereunder. In all
circumstances, the Committee shall have the ability and authority to reduce, but
not increase, the amount of Performance Shares that become earned hereunder.

3.        Retirement, Disability, Death or Termination without Cause. If the
Grantee’s employment with the Corporation or a Subsidiary terminates following
completion of the first full fiscal quarter of the Performance Period but before
the payment of the Performance Shares as set forth in Section 6 below due to
(a) the Grantee’s retirement approved by the Corporation, (b) Disability (as
defined below), (c) death or (d) a termination by the Corporation without cause,
the Corporation shall pay to the Grantee or his or her executor or
administrator, as the case may be, at the time specified in Section 6, a number
of Performance Shares equal to (i) the number of Performance Shares to which the
Grantee would have been entitled under Section 2 above based on the performance
of the Corporation for the full Performance Period, multiplied by (ii) a
fraction, the numerator of which is the number of full fiscal quarters the
Grantee was employed during the Performance Period and the denominator of which
is the number of full fiscal quarters in the Performance Period. The remaining
Performance Shares shall be forfeited. For purposes of this Agreement,
“Disability” means the Grantee’s permanent and total disability as defined in
Section 22(e)(3) of the Code.

4.        Other Termination. If the Grantee’s employment with the Corporation or
a Subsidiary terminates before the payment of the Performance Shares as provided
in Section 6 hereof for any reason other than as set forth in Section 3 above,
the Performance Shares will be forfeited.

5.        Leaves of Absence. If the Grantee was on short-term disability,
long-term disability or unpaid leave of absence approved by the Corporation for
more than thirty (30) consecutive calendar days during any fiscal quarter during
Performance Period, the number of Performance Shares earned by the Grantee will
be reduced such that the Grantee will only be

 

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entitled to (i) the number of Performance Shares to which the Grantee would have
been entitled under Section 2 above based on the performance of the Corporation
during the Performance Period, multiplied by (ii) a fraction, the numerator of
which is the number of fiscal quarters the Grantee was employed during the
Performance Period (excluding any fiscal quarters during which the Grantee was
on a leave of absence for more than thirty (30) consecutive calendar days) and
the denominator of which is the number of full fiscal quarters in the
Performance Period.

6.        Payment of Performance Shares. Payment of any Performance Shares that
become earned as set forth herein will be made in the form of Common Shares, in
cash, or in a combination of the two, as determined in the sole discretion of
the Committee. Payment will be made as soon as practicable after the receipt of
audited financial statements of the Corporation relating to the last fiscal year
of the Performance Period and with respect to Covered Employees, the
determination by the Committee of the level of attainment of the Management
Objectives. Performance Shares will be forfeited if they are not earned at the
end of the Performance Period and, except as otherwise provided in this
Agreement, if the Grantee ceases to be employed by the Corporation or a
Subsidiary at any time prior to such shares becoming earned.

7.        Withholding of Taxes.

(a)        The Grantee shall be liable for any and all federal, state, local or
non-US taxes applicable to the Grantee, including, without limitation,
withholding taxes, social security/national insurance contributions and
employment taxes, arising out of this grant of Performance Shares, the issuance
of Common Shares as payment for earned Performance Shares hereunder or the
payment of cash for earned Performance Shares. In the event that the Corporation
or the Grantee’s employer (the “Employer”) is required to withhold taxes as a
result of the grant of the Performance Shares, the issuance of Common Shares as
payment for earned Performance Shares or the payment of cash for earned
Performance Shares, the Grantee shall at the election of the Corporation, in its
sole discretion, either (i) surrender a sufficient number of whole Common
Shares, having a Market Value per Share on the date such Performance Shares
become taxable equal to the amount of such taxes, or (ii) make a cash payment,
as necessary to cover all applicable required withholding taxes and required
social security/national insurance contributions on the date such Performance
Shares become taxable, unless the Corporation, in its sole discretion, has
established alternative procedures for such payment. If the number of shares
required to cover all applicable withholding taxes and required social
security/national insurance contributions includes a fractional share, then
Grantee shall deliver cash in lieu of such fractional share. All matters with
respect to the total amount to be withheld shall be determined by the
Corporation in its sole discretion.

(b)        Regardless of any action the Corporation or the Grantee’s Employer
takes with respect to any or all income tax, social security/national insurance,
payroll tax, payment on account or other tax-related withholding (“Tax-Related
Items”), the Grantee acknowledges and agrees that the ultimate liability for all
Tax-Related Items legally due by him is and remains the Grantee’s responsibility
and that the Corporation and or the Employer (i) make no representations nor
undertakings regarding the treatment of any Tax-Related Items in connection with
any aspect of this grant of Performance Shares, including the grant of
Performance Shares, the issuance of Common Shares as payment for earned
Performance Shares, the payment of cash for earned Performance Shares or the
subsequent sale of any Common Shares issued hereunder

 

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and receipt of any dividends; and (ii) do not commit to structure the terms or
any aspect of this grant of Performance Shares to reduce or eliminate the
Grantee’s liability for Tax-Related Items. The Grantee shall pay the Corporation
or the Employer any amount of Tax-Related Items that the Corporation or the
Employer may be required to withhold as a result of the Grantee’s participation
in the Plan or the Grantee’s grant of Performance Shares, the Common Shares
issued as payment for earned Performance Shares or the payment of cash for
earned Performance Shares that cannot be satisfied by the means previously
described above in Section 7(a). The Corporation may refuse to issue Common
Shares as payment of earned Performance Shares related thereto if the Grantee
fails to comply with the Grantee’s obligations in connection with the
Tax-Related Items.

8.        Forfeiture and Right of Recoupment. Notwithstanding anything contained
herein to the contrary, by accepting these Performance Shares, Grantee
understands and agrees that if (a) the Corporation is required to restate its
consolidated financial statements because of material noncompliance due to
irregularities with the federal securities laws, which restatement is due, in
whole or in part, to the misconduct of Grantee, or (b) it is determined that the
Grantee has otherwise engaged in misconduct (whether or not such misconduct is
discovered by the Corporation prior to the termination of Grantee’s employment),
the Corporation may take such action with respect to the Performance Shares as
the Corporation, in its sole discretion, deems necessary or appropriate and in
the best interest of the Corporation and its stockholders. Such action may
include, without limitation, causing the forfeiture of unearned Performance
Shares, requiring the transfer of ownership back to the Corporation of Common
Shares issued as payment for earned Performance Shares and still held by the
Grantee, cash received by the Grantee as payment for earned Performance Shares
and the recoupment of any proceeds from the sale of Common Shares issued as
payment for Performance Shares earned pursuant to this Agreement. For purposes
of this Section 8, “misconduct” shall mean a deliberate act or acts of
dishonesty or misconduct which either (i) were intended to result in substantial
personal enrichment to the Grantee at the expense of the Corporation or
(ii) have a material adverse effect on the Corporation. Any determination
hereunder, including with respect to Grantee’s misconduct, shall be made by the
Board or its designee in its sole discretion. Notwithstanding any provisions
herein to the contrary, Grantee expressly acknowledges and agrees that the
rights of the Corporation set forth in this Section 8 shall continue after
Grantee’s employment with the Corporation or its Subsidiary is terminated,
whether termination is voluntary or involuntary, with or without cause, and
shall be in addition to every other right or remedy at law or in equity that may
otherwise be available to the Corporation.

9.        Cash Dividends. Cash dividends on the Performance Shares covered by
this Agreement shall be sequestered by the Corporation from and after the Grant
Date until such time as any of such Performance Shares become earned in
accordance with this Agreement, whereupon such dividends shall be converted into
a number of Common Shares (based on the Market Value per Share on the date such
Performance Shares become earned) to the extent such dividends are attributable
to Performance Shares that have become earned. To the extent that Performance
Shares covered by this Agreement are forfeited, all of the dividends sequestered
with respect to such Performance Shares shall also be forfeited. No interest
shall be payable with respect to any such dividends.

 

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10.        Non-Assignability. The Performance Shares and the Common Shares
subject to this grant of Performance Shares are personal to the Grantee and may
not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise
disposed of by the Grantee until they become earned as provided in this
Agreement; provided, however, that the Grantee’s rights with respect to such
Performance Shares and Common Shares may be transferred by will or pursuant to
the laws of descent and distribution or pursuant to a domestic relations order
(within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as
amended). Any purported transfer or encumbrance in violation of the provisions
of this Section 10, shall be void, and the other party to any such purported
transaction shall not obtain any rights to or interest in such Performance
Shares or Common Shares.

11.        Compliance with Section 409A of the Code. To the extent applicable,
it is intended that this Agreement and the Plan comply with the provisions of
Section 409A of the Code, so that the income inclusion provisions of
Section 409A(a)(1) of the Code do not apply to the Grantee. This Agreement and
the Plan shall be administered in a manner consistent with this intent, and any
provision that would cause the Agreement or the Plan to fail to satisfy
Section 409A of the Code shall have no force and effect until amended to comply
with Section 409A of the Code (which amendment may be retroactive to the extent
permitted by Section 409A of the Code and may be made by the Corporation without
the consent of the Grantee).

12.        Consent To Transfer Personal Data. By accepting these Performance
Shares, Grantee voluntarily acknowledges and consents to the collection, use,
processing and transfer of personal data as described in this Section 12.
Grantee is not obliged to consent to such collection, use, processing and
transfer of personal data. However, failure to provide the consent may affect
Grantee’s ability to participate in the Plan. The Corporation and its
Subsidiaries hold certain personal information about Grantee, that may include
Grantee’s name, home address and telephone number, date of birth, social
security number or other employee identification number, salary, nationality,
job title, any shares of stock held in the Corporation, or details of any
entitlement to shares of stock awarded, canceled, purchased, vested, or
unvested, for the purpose of implementing, managing and administering the Plan
(“Data”). The Corporation and/or its Subsidiaries will transfer Data amongst
themselves as necessary for the purpose of implementation, administration and
management of Grantee’s participation in the Plan, and the Corporation and/or
any of its Subsidiaries may each further transfer Data to any third parties
assisting the Corporation in the implementation, administration and management
of the Plan. These recipients may be located throughout the world, including the
United States. Grantee authorizes them to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the purpose of implementing,
administering and managing Grantee’s participation in the Plan, including any
requisite transfer of such Data as may be required for the administration of the
Plan and/or the subsequent holding of shares of stock on Grantee’s behalf by a
broker or other third party with whom Grantee or the Corporation may elect to
deposit any shares of stock acquired pursuant to the Plan. Grantee may, at any
time, review Data, require any necessary amendments to it or withdraw the
consents herein in writing by contacting the Corporation; however, withdrawing
consent may affect Grantee’s ability to participate in the Plan.

13.        Electronic Delivery and Acceptance. The Corporation may, in its sole
discretion, decide to deliver any documents or notices related to current or
future participation in the Plan by electronic means. By accepting the
Performance Shares, electronically or otherwise,

 

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Grantee hereby consents to receive such documents or notices by electronic
delivery and agrees to participate in the Plan through an on-line or electronic
system established and maintained by the Corporation or a third party designated
by the Corporation, including the use of electronic signatures or click-through
acceptance of terms and conditions or other electronic means such as an e-mail
acknowledgement.

14.        Miscellaneous.

(a)        The Performance Shares granted pursuant to this Agreement are granted
subject to the terms and conditions set forth in the Plan, a copy of which has
been delivered to the Grantee. All terms and conditions of the Plan, as may be
amended from time to time, are hereby incorporated into this Agreement by
reference and shall be deemed to be a part of this Agreement, without regard to
whether such terms and conditions (including, for example, provisions relating
to certain changes in capitalization of the Corporation) are otherwise set forth
in this Agreement. In the event that there is any inconsistency between the
provisions of this Agreement and of the Plan, the provisions of the Plan shall
govern.

(b)        All decisions and interpretations made by the Board or its designee
with regard to any question arising under the Plan or this Agreement shall be
binding and conclusive on the Grantee, the Grantee’s estate, executor,
administrator, beneficiaries, personal representative and guardian and the
Corporation and its successors and assigns.

(c)        The grant of the Performance Shares is discretionary and no provision
in this Agreement shall be considered to be an employment contract or a part of
the Grantee’s terms and conditions of employment, nor shall any provision be
construed to confer upon the Grantee the right to be employed or be retained in
the employ by the Corporation or any Subsidiary, or to interfere in any way with
the right and authority of the Corporation or any Subsidiary either to increase
or decrease the compensation of the Grantee at any time, or to terminate any
employment or other relationship between the Grantee and the Corporation or any
Subsidiary.

(d)        This Agreement, and the terms and conditions of the Plan, shall bind,
and inure to the benefit of the Grantee, the Grantee’s estate, executor,
administrator, beneficiaries, personal representative and guardian and the
Corporation and its successors and assigns.

(e)        This Agreement shall be governed by the laws of the State of Delaware
(but not including the choice of law rules thereof).

(f)        Any action relating to or arising out of this Agreement shall be
brought only in a court of competent jurisdiction located in Delaware or Florida
and the parties expressly consent to such venue. The parties consent to the
personal jurisdiction of the courts located in Delaware or Florida over them.

(g)        Any amendment to the Plan shall be deemed to be an amendment to this
Agreement to the extent that the amendment is applicable hereto. The terms and
conditions of this Agreement may not be modified, amended or waived, except by
an instrument in writing signed by a duly authorized executive officer at the
Corporation. Notwithstanding the foregoing, no amendment shall adversely affect
the Grantee’s rights under this Agreement without the

 

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Grantee’s consent; provided, however, that the Corporation unilaterally may
waive any provision hereof in writing to the extent that such waiver does not
adversely affect the interests of the Grantee hereunder, but no such waiver
shall operate as or be construed to be a subsequent waiver of the same provision
or a waiver of any other provision hereof.

(h)        Any notice hereunder by the Grantee to the Corporation shall be in
writing and shall be deemed duly given (i) if mailed or delivered to the
Corporation at its principal office, addressed to the attention of Stock Plan
Administration, (ii) if electronically delivered to the e-mail address, if any,
for Stock Plan Administration or (iii) if so mailed, delivered or electronically
delivered to such other address or e-mail address as the Corporation may
hereafter designate by notice to the Grantee. Any notice hereunder by the
Corporation to the Grantee shall be in writing and shall be deemed duly given
(i) if mailed or delivered to the Grantee at Grantee’s address listed in the
Corporation’s records, (ii) if electronically delivered to the e-mail address,
if any, for Grantee listed in the Corporation’s records or (iii) if so mailed,
delivered or electronically delivered to such other address or e-mail address as
the Grantee may hereafter designate by written notice given to the Corporation.

(i)        If one or more of the provisions of this Agreement is invalidated for
any reason by a court of competent jurisdiction, any provision so invalidated
shall be deemed to be separable from the other provisions hereof, and the
remaining provisions hereof shall continue to be valid and fully enforceable.

(j)        This Agreement, the Plan, any Change-in-Control Employment Agreement
between the Corporation and the Grantee, and, in the case of the Corporation’s
Chief Executive Officer only, the Amended and Restated Employment Agreement
entered into effective as January 7, 2016, together constitute the entire
agreement and supersedes all prior understandings and agreements, written or
oral, of the parties hereto with respect to the subject matter hereof.

(k)        In the event that it is determined that the Grantee was not eligible
to receive this award of Performance Shares, the award of Performance Shares and
this Agreement shall be null and void and of no further effect.

(l)        This Agreement will be deemed to be signed by the Corporation and
Grantee upon Grantee’s acceptance of the Notice of Grant of Award attached as
Schedule A.

 

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Schedule A

(Attached)