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                                                                   EXHIBIT 10.60

                      FAIR, ISAAC AND COMPANY, INCORPORATED

           TERMS AND CONDITIONS OF NONSTATUTORY STOCK OPTION AGREEMENT

                            EFFECTIVE OCTOBER 7, 2002

               These are the terms and conditions applicable to the NONSTATUTORY
STOCK OPTION granted by Fair, Isaac and Company, Incorporated, a Delaware
corporation ("Fair, Isaac"), to you, the optionee listed on the Notice of Grant
of Stock Option attached hereto as the cover page (the "Cover Page"), effective
as of the date of grant. The Cover Page together with these Terms and Conditions
of Nonstatutory Stock Option Agreement constitute the Nonstatutory Stock Option
Agreement (the "Option Agreement"). This Option is granted pursuant to the terms
of Fair, Isaac's 1992 Long-Term Incentive Plan (the "Plan").

NONSTATUTORY                       This Option is not intended to qualify as an
                                   incentive stock option under Section 422 of
                                   the Internal Revenue Code.

VESTING                            Your Option vests and will be exercisable on
                                   the Vesting Dates, as shown on the Cover
                                   Page. In addition, your entire Option vests
                                   and will be exercisable in full in the event
                                   that:

                                   - your service as an employee or director of
                                     Fair, Isaac (or any subsidiary) terminates
                                     because of your Disability or death, or

                                   - any written employment agreement (other
                                     than an option agreement) between you and
                                     Fair, Isaac provides for acceleration of
                                     this Option upon a change in control of
                                     Fair, Isaac or upon any other specified
                                     event or combination of events.

                                   No additional shares become exercisable after
                                   your employment or service with Fair, Isaac
                                   has terminated for any reason.

EXERCISE PERIOD                    The right to purchase shares under this
                                   Option Agreement terminates at 3:00 p.m.
                                   Pacific Time on the earliest of

                                    - the Expiration Date shown on the Cover
                                      Page; or

                                    - the 90th day after the termination date
                                      of your service as an employee, director,
                                      consultant or advisor of Fair, Isaac (or
                                      any subsidiary), except if your
                                      termination results from Retirement,
                                      Disability or death; or

                                    - the anniversary date of your Retirement
                                      as an employee or director of Fair, Isaac
                                      (or any subsidiary); or


                                    - the anniversary date of the commencement
                                      of your Disability, if you become disabled
                                      while an employee, director, consultant or
                                      advisor of Fair, Isaac (or any subsidiary)
                                      or

                                    - the anniversary date of your death, if
                                      you die while an employee or director of
                                      Fair, Isaac (or any subsidiary).


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LEAVES OF
ABSENCE                            For purposes of this Option, your service
                                   does not terminate when you go on a military
                                   leave, a sick leave or another bona fide
                                   leave of absence, if the leave was approved
                                   by Fair, Isaac in writing.

                                   Unless you return to active work upon
                                   termination of your approved leave, your
                                   service will be treated as terminating on the
                                   later of 90 days after you went on leave or
                                   the date that your right to return to active
                                   work is guaranteed by law or by a contract..
                                   Fair, Isaac will determine which leaves count
                                   for this purpose.

RESTRICTIONS
ON EXERCISE                        You may not exercise this Option if the
                                   issuance of shares at that time would violate
                                   any law or regulation, as determined by Fair,
                                   Isaac. Moreover, you cannot exercise this
                                   Option unless you have returned a signed copy
                                   of the Option Agreement to Fair, Isaac.

NOTICE OF
EXERCISE                           If you do not exercise this option through an
                                   automated electronic exercise vehicle
                                   approved by Fair, Isaac, then you must notify
                                   Fair, Isaac of your intent to exercise this
                                   Option by completing the appropriate Notice
                                   of Exercise form before your right to
                                   purchase shares under this Option Agreement
                                   terminates. If you send your Notice Of
                                   Exercise by facsimile transmission, it will
                                   be effective only if it is promptly confirmed
                                   by filing a form with an original signature.

                                   The Notice of Exercise must specify how many
                                   shares you wish to purchase and must specify
                                   how your shares should be registered (in your
                                   name only or in your and your spouse's names
                                   as community property or as joint tenants
                                   with right of survivorship).

                                   If someone else wants to exercise this Option
                                   after your death, that person must prove to
                                   Fair, Isaac's satisfaction that he or she is
                                   entitled to do so.

FORM OF
PAYMENT                            When you submit your Notice of Exercise, you
                                   must include payment of the exercise price
                                   shown on the Cover Page for the shares you
                                   are purchasing. Payment may be made in one
                                   (or a combination of two or more) of the
                                   following forms, as approved by Fair, Isaac
                                   in its sole discretion:

                                    - Your personal check, a cashier's check
                                      or a money order;

                                    - Irrevocable directions to a securities
                                      broker approved by Fair, Isaac to sell
                                      shares underlying this Option and to
                                      deliver all or a portion of the sale
                                      proceeds to Fair, Isaac in payment of the
                                      exercise price and the balance of the sale
                                      proceeds to you; all pursuant to a special
                                      "Notice of Exercise" form provided by
                                      Fair, Isaac; or

                                    - Certificates for shares of Fair, Isaac
                                      common stock that you have owned for at
                                      least 12 months, along with any forms
                                      needed to effect a transfer of those
                                      shares to Fair, Isaac with the value of
                                      the shares, determined as of the effective
                                      date of the exercise of this Option,
                                      applied to the exercise price.


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WITHHOLDING
TAXES                              You will not be allowed to exercise this
                                   Option unless you make acceptable
                                   arrangements to pay any withholding taxes
                                   that may be due as a result of the exercise
                                   of this Option. These arrangements must be
                                   satisfactory to Fair, Isaac. You may direct
                                   Fair, Isaac to withhold shares with a market
                                   value equal to the withholding taxes due from
                                   the shares to be issued as a result of your
                                   exercise of this Option.

RESTRICTIONS
ON RESALE                          By signing the Option Agreement, you agree
                                   not to sell any shares at a time when
                                   applicable laws or Fair, Isaac policies
                                   prohibit a sale.

TRANSFER OF
OPTION                             Prior to your death, only you or a permitted
                                   assignee as defined herein may exercise this
                                   Option (unless this Option or a portion
                                   thereof has been transferred to your former
                                   spouse by a domestic relations order by a
                                   court of competent jurisdiction). You may
                                   transfer this Option or a portion of this
                                   Option by gift to members of your immediate
                                   family, a partnership consisting solely of
                                   you and/or members of your immediate family,
                                   or to a trust established for the benefit of
                                   you and/or members of your immediate family
                                   (including a charitable remainder trust whose
                                   income beneficiaries consist solely of such
                                   persons). For purposes of the foregoing,
                                   "immediate family" means your spouse,
                                   children or grandchildren, including
                                   step-children or step-grandchildren. Any of
                                   these persons is a "permitted assignee."
                                   However, such transfer shall not be effective
                                   until you have delivered to Fair, Isaac
                                   notice of such transfer. You cannot transfer,
                                   pledge, hypothecate, assign or otherwise
                                   dispose of this Option, including using this
                                   Option as security for a loan. Any attempts
                                   to do any of these things contrary to the
                                   provisions of this Option, and the levy of
                                   any attachment or similar process upon this
                                   Option, shall be null and void. You may,
                                   however, dispose of this Option in your will
                                   or by a written beneficiary designation. Such
                                   a designation must be filed with Fair, Isaac
                                   on the proper form.

RETENTION
RIGHTS                             Neither your Option nor the terms of this
                                   Option Agreement give you the right to
                                   continue as an employee or director of Fair,
                                   Isaac (or any subsidiaries) in any capacity.
                                   Fair, Isaac (and any subsidiaries) reserve
                                   the right to terminate your service at any
                                   time, with or without cause, subject to the
                                   terms of any written employment agreement
                                   signed by you and Fair, Isaac.

STOCKHOLDER
RIGHTS                             You, or your assignees, estate, beneficiaries
                                   or heirs, have no rights as a stockholder of
                                   Fair, Isaac until a certificate for any
                                   portion of shares underlying this Option has
                                   been issued. No adjustments are made for
                                   dividends or other rights if the applicable
                                   record date occurs before your stock
                                   certificate is issued, except as described in
                                   the Plan.

ADJUSTMENTS                        In the event of any adjustments to the
                                   capital stock of Fair, Isaac as described in
                                   Article 10 of the Plan, the number of shares
                                   covered by this Option and the exercise price
                                   per share may be adjusted as Fair, Isaac may
                                   determine pursuant to the Plan.


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APPLICABLE LAW                     This Agreement will be interpreted and
                                   enforced under the laws of the State of
                                   Delaware (without regard to its rules on
                                   choice of law).

OTHER
AGREEMENTS                         This Option Agreement, the Plan and any
                                   written agreement between you and Fair, Isaac
                                   (or any subsidiaries) providing for
                                   acceleration of options granted to you by
                                   Fair, Isaac upon a change in control of Fair,
                                   Isaac constitute the entire understanding
                                   between you and Fair, Isaac regarding this
                                   Option. Any other prior agreements,
                                   commitments or negotiations concerning this
                                   Option are superseded. If there is any
                                   inconsistency between the provisions of this
                                   Agreement and the Plan, the provisions of the
                                   Plan shall govern. This Agreement may be
                                   amended only in writing.

DEFINITIONS                        "Retirement" means the date that you are
                                   eligible for normal retirement or early
                                   retirement, as defined as follows:

                                    - "Normal Retirement Age" means age 65

                                    - "Early Retirement" means age 55 and
                                      completed 10 Years of Service. One Year of
                                      Service is the completion of at least
                                      1,000 hours of service during the year.

                                   "Disability" means that you are unable to
                                   engage in any substantial gainful activity by
                                   reason of a medically determinable, physical
                                   or mental impairment which can be expected to
                                   result in death or which has lasted (or can
                                   be expected to last) for a continuous period
                                   of not less than 12 months.

BY SIGNING THE COVER PAGE, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS
DESCRIBED ABOVE AND IN THE PLAN.



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