EX-10.15



 Exhibit 10.15 

DIRECTOR NOMINATION AGREEMENT 

THIS DIRECTOR NOMINATION AGREEMENT (this “Agreement”) is made and entered into as of [●], 2015 by and among TransFirst
Holdings Corp., a Delaware corporation (the “Company”), Vista Equity Partners Fund V, L.P., Vista Equity Partners Fund V-A, L.P., Vista Equity Partners Fund V-B, L.P., Vista Equity Partners Fund V Executive, L.P., VEPF V FAF, L.P.
and Vista Equity Associates V, LLC (collectively referred to herein as the “Vista Funds”) and VEP Group, LLC (“VEP Group”) and, together with the Vista Funds and their Affiliates (as defined herein),
“Vista”). This Agreement shall become effective (the “Effective Date”) upon the closing of the Company’s initial public offering of shares of its common stock, par value $0.01 per share (the “Common
Stock”). 
 WHEREAS, as of the date hereof, the Vista Funds collectively own all of the outstanding equity interests of the Company
and whereas VEP Group is the indirect beneficial owner of the majority of such equity interests; 
 WHEREAS, Vista is contemplating causing
the Company to make an initial public offering of shares of its Common Stock; 
 WHEREAS, Vista currently has the authority to appoint all
directors of the Company; 
 WHEREAS, in consideration of Vista agreeing to undertake an initial public offering of the Company’s
common stock, the Company has agreed to permit Vista to designate persons for nomination for election to the board of directors of the Company (the “Board”) following the Effective Date on the terms and conditions set forth herein;

 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each of the parties to this Agreement agrees as follows: 
 1. Board Nomination Rights.

 (a) From the Effective Date, VEP Group shall have the right, but not the obligation, to nominate to the Board a number of designees equal
to at least: (i) 100% of the Total Number of Directors (as defined below), so long as Vista Beneficially Owns shares of Common Stock representing at least 40% of the Original Amount of the VEP Group, (ii) 40% of the Total Number of
Directors, in the event that Vista Beneficially Owns shares of Common Stock representing at least 30% but less than 40% of the Original Amount of the VEP Group, (iii) 30% of the Total Number of Directors, in the event that Vista Beneficially
Owns shares of Common Stock representing at least 20% but less than 30% of the Original Amount of the VEP Group, (iv) 20% of the Total Number of Directors, in the event that Vista Beneficially Owns shares of Common Stock representing at least
10% but less than 20% of the Original Amount of the VEP Group and (v) one (1) Director (as defined below), in the event that Vista Beneficially Owns shares of Common Stock representing at least 5% of the Original Amount of the VEP Group
(such persons, the “Nominees”). For purposes of calculating the number of directors that VEP Group is entitled to designate pursuant to the immediately preceding sentence, any fractional 







 
amounts shall automatically be rounded up to the nearest whole number (e.g., one and one quarter (11/4) Directors shall equate to two (2) Directors) and any such calculations shall be
made after taking into account any increase in the Total Number of Directors. 
 (b) In the event that VEP Group has nominated less than the
total number of designees VEP Group shall be entitled to nominate pursuant to Section 1(a), Vista shall have the right, at any time, to nominate such additional designees to which it is entitled, in which case, the Company and the
Directors shall take all necessary corporation action, to the fullest extent permitted by applicable law (including with respect to fiduciary duties under Delaware law), to (x) enable VEP Group to nominate and effect the election or appointment
of such additional individuals, whether by increasing the size of the Board, or otherwise and (y) to designate such additional individuals nominated by VEP Group to fill such newly created vacancies or to fill any other existing vacancies. 

(c) In addition to the nomination rights set forth in Section 1(a) above, from the Effective Date, for so long as Vista
Beneficially Owns shares of Common Stock representing at least 5% of the Original Amount of the VEP Group, VEP Group shall have the right, but not the obligation, to designate a person (a “Non-Voting Observer”) to attend meetings of the
Board (including any meetings of any committees thereof) in a non-voting observer capacity. Any such Non-Voting Observer shall be permitted to attend all meetings of the Board. The VEP Group shall have the right to remove and replace its Non-Voting
Observer at any time and from time to time. The Company shall furnish to any Non-Voting Observer (i) notices of Board meetings no later than, and using the same form of communication as, notice of Board meetings are furnished to directors and
(ii) copies of any materials prepared for meetings of the Board that are furnished to the directors no later than the time such materials are furnished to the directors; provided that failure to deliver notice, or materials, to such Non-Voting
Observer in connection with such Non-Voting Observer’s right to attend and/or review materials with respect to, any meeting of the Board shall not, by itself, impair the validity of any action taken by such Board at such meeting. Such
Non-Voting Observer shall be required to execute or otherwise become subject to any codes of conduct or confidentiality agreements of the Company generally applicable to directors of the Company or as the Company reasonably requests. 

(d) The Company shall pay all reasonable out-of-pocket expenses incurred by the Nominees and the Non-Voting Observer in connection with the
performance of his or her duties as a director or a Non-Voting Observer and in connection with his or her attendance at any meeting of the Board. 

(e) “Beneficially Own” shall mean that a specified person has or shares the right, directly or indirectly, through any contract,
arrangement, understanding, relationship or otherwise, to vote shares of capital stock of the Company. “Affiliate” of any person shall mean any other person controlled by, controlling or under common control with such person; where
“control” (including, with its correlative meanings, “controlling,” “controlled by” and “under common control with”) means possession, directly or indirectly, of power to direct or cause the direction of
management or policies (whether through ownership of securities, by contract or otherwise). 

  
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 (f) “Director” means any member of the Board. 

(g) “Original Amount of the VEP Group” means the aggregate number of shares of Common Stock held by the VEP Group on the date
hereof, as such number may be adjusted from time to time for any reorganization, recapitalization, stock dividend, stock split, reverse stock split or other similar changes in the Company’s capitalization. 

(h) “Total Number of Directors” means the total number of directors comprising the Board. 

(i) No reduction in the number of shares of Common Stock that Vista Beneficially Owns shall shorten the term of any incumbent director. At the
Effective Date, the Board shall be comprised of eight members and the initial Nominees shall be Robert Smith, Scott Betts, David Bonnette, Betty Hung, Kenneth Jensen, Maneet (Monti) Saroya, John Shlonsky and Martin Taylor. 

(j) In the event that any Nominee shall cease to serve for any reason, VEP Group shall be entitled to designate such person’s successor
in accordance with this Agreement (regardless of Vista’s beneficial ownership in the Company at the time of such vacancy) and the Board shall promptly fill the vacancy with such successor nominee; it being understood that any such designee
shall serve the remainder of the term of the director whom such designee replaces. 
 (k) If a Nominee is not appointed or elected to the
Board because of such person’s death, disability, disqualification, withdrawal as a nominee or for other reason is unavailable or unable to serve on the Board, VEP Group shall be entitled to designate promptly another nominee and the director
position for which the original Nominee was nominated shall not be filled pending such designation. 
 (l) So long as VEP Group has the
right to nominate Nominees under Section 1(a) or any such Nominee is serving on the Board, the Company shall use its reasonable best efforts to maintain in effect at all times directors and officers indemnity insurance coverage reasonably
satisfactory to Vista, and the Company’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws (each as may be further amended, supplemented or waived in accordance with its terms) shall at all times provide for
indemnification, exculpation and advancement of expenses to the fullest extent permitted under applicable law. 
 (m) At such time as the
Company ceases to be a “controlled company” and is required by applicable law or the NASDAQ Global Select Market (the “Exchange”) listing standards to have a majority of the Board comprised of “independent
directors” (subject in each case to any applicable phase-in periods), Vista’s Nominees shall include a number of persons that qualify as “independent directors” under applicable law and the Exchange listing standards such that,
together with any other “independent directors” then serving on the Board that are not Nominees, the Board is comprised of a majority of “independent directors.” 

(n) At any time that VEP Group shall have any nomination rights under Section 1, the Company shall not take any action, including
making or recommending any amendment to the Certificate of Incorporation or the Company’s bylaws that could reasonably be expected to adversely affect the VEP Group’s rights under this Agreement, in each case without the prior written
consent of the VEP Group. 

  
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 2. Company Obligations. The Company agrees to use its reasonable best efforts to ensure
that prior to the date that Vista and its Affiliates cease to Beneficially Own shares of Common Stock representing at least 5% of the total voting power of the then outstanding Common Stock, (i) each Nominee is included in the Board’s
slate of nominees to the stockholders for each election of directors; and (ii) each Nominee is included in the proxy statement prepared by management of the Company in connection with soliciting proxies for every meeting of the stockholders of
the Company called with respect to the election of members of the Board, and at every adjournment or postponement thereof, and on every action or approval by written consent of the stockholders of the Company or the Board with respect to the
election of members of the Board. VEP Group will promptly provide reporting to the Company after Vista and its Affiliates cease to Beneficially Own shares of Common Stock representing at least 5% of the total voting power of the then outstanding
Common Stock, such that Company is informed of when this obligation terminates. Furthermore, the Company agrees for so long as the Company qualifies as a “controlled company” under the rules of the Exchange the Company will elect to be a
“controlled company” for purposes of the Exchange and will disclose in its annual meeting proxy statement that it is a “controlled company” and the basis for that determination. The Company and Vista acknowledge and agree that,
as of the Effective Date, the Company is a “controlled company.”. 
 3. Committees. From and after the Effective Date
hereof until such time as Vista and its Affiliates cease to Beneficially Own shares of Common Stock representing at least 5% of the total voting power of the then outstanding Common Stock, Vista shall have the right to designate a number of members
of each committee of the Board equal to the nearest whole number greater than the product obtained by multiplying (a) the percentage of the total voting power of the then outstanding Common Stock then Beneficially Owned by Vista and
(b) the number of positions, including any vacancies, on the applicable committee, provided that any such designee shall be a director and shall be eligible to serve on the applicable committee under applicable law or listing standards of the
Exchange, including any applicable independence requirements (subject in each case to any applicable exceptions, including those for newly public companies and for “controlled companies,” and any applicable phase-in periods). Any
additional members shall be determined by the Board. 
 4. Amendment and Waiver. Any provision of this Agreement may be amended or
waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by the Company and Vista, or in the case of a waiver, by the party against whom the waiver is to be effective. No failure or delay by any
party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The
rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

  
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 5. Benefit of Parties. This Agreement shall be binding upon and shall inure to the benefit
of the parties hereto and their respective permitted successors and assigns. Notwithstanding the foregoing, the Company may not assign any of its rights or obligations hereunder without the prior written consent of Vista. Except as otherwise
expressly provided in Section 6, nothing herein contained shall confer or is intended to confer on any third party or entity that is not a party to this Agreement any rights under this Agreement. 

6. Assignment. Upon written notice to the Company, VEP Group may assign to any of the Vista Funds or any Affiliate of VEP Group (other
than a portfolio company) all of its rights hereunder and, following such assignment, such assignee shall be deemed to be “VEP Group” for all purposes hereunder. 

7. Headings. Headings are for ease of reference only and shall not form a part of this Agreement. 

8. Governing Law. This Agreement shall be construed in accordance with and governed by the law of the State of Delaware without giving
effect to the principles of conflicts of laws thereof. 
 9. Jurisdiction. Any suit, action or proceeding seeking to enforce any
provision of, or based on any matter arising out of or in connection with, this Agreement may be brought against any of the parties in any federal court located in the State of Delaware or any Delaware state court, and each of the parties hereby
consents to the exclusive jurisdiction of such court (and of the appropriate appellate courts) in any such suit, action or proceeding and waives any objection to venue laid therein. Process in any such suit, action or proceeding may be served on any
party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each of the parties agrees that service of process upon such party at the address referred to in Section 16,
together with written notice of such service to such party, shall be deemed effective service of process upon such party. 
 10. WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT. 

11. Entire Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and
supersedes all prior agreements, understandings and negotiations, both written and oral among the parties with respect to the subject matter hereof. 

12. Counterparts; Effectiveness. This Agreement may be signed in any number of counterparts, each of which shall be deemed an original.
This Agreement shall become effective when each party shall have received a counterpart hereof signed by each of the other parties. An executed copy or counterpart hereof delivered by facsimile shall be deemed an original instrument. 

  
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 13. Severability. If any provision of this Agreement or the application thereof to any
person or circumstance shall be invalid or unenforceable to any extent, the remainder of this Agreement and the application of such provisions to other persons or circumstances shall not be affected thereby and shall be enforced to the greatest
extent permitted by law. 
 14. Further Assurances. Each of the parties hereto shall execute and deliver such further instruments and
do such further acts and things as may be required to carry out the intent and purpose of this Agreement. 
 15. Specific
Performance. Each of the parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to
prevent breaches of this Agreement or to enforce specifically the performance of the terms and provisions hereof in any federal or state court located in the State of Delaware, in addition to any other remedy to which they are entitled at law or in
equity. 
 16. Notices. All notices, requests and other communications to any party or to the Company shall be in writing (including
telecopy or similar writing) and shall be given, 
 If to the Company: 

1393 Veterans Memorial Highway, Suite 307S 

Hauppauge, New York 11788 

Attention: General Counsel 

If to any member of Vista or any Nominee: 

c/o Vista Equity Partners 
 4
Embarcadero Center 
 20th Floor 

San Francisco, California 94111 

Attention: David Breach 

Facsimile: (415) 765-6666 

With a copy to (which shall not constitute notice): 

Kirkland & Ellis LLP 

300 N. LaSalle 
 Chicago, IL 60654

 Attention: Robert M. Hayward, P.C. 

Facsimile: (312) 862-2200 
 or to such other
address or telecopier number as such party or the Company may hereafter specify for the purpose by notice to the other parties and the Company. Each such notice, request or other communication shall be effective when delivered at the address
specified in this Section 16 during regular business hours. 

  
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 17. Enforcement. Each of the parties hereto covenant and agree that the disinterested
members of the Board have the right to enforce, waive or take any other action with respect to this Agreement on behalf of the Company. 

*    *    *    *    * 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above
written. 
  

			
	TRANSFIRST HOLDINGS CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	VISTA EQUITY PARTNERS FUND V, L.P.
		
	By:	 	Vista Equity Partners Fund V GP, LLC
	Its:	 	General Partner
		
	By:	 	VEP Group, LLC
	Its:	 	Senior Managing Member
		
	By:	 	  

	Name:	 	Robert F. Smith
	Title:	 	Managing Member
	
	VISTA EQUITY PARTNERS FUND V-A, L.P.
		
	By:	 	Vista Equity Partners Fund V GP, LLC
	Its:	 	General Partner
		
	By:	 	VEP Group, LLC
	Its:	 	Senior Managing Member
		
	By:	 	  

	Name:	 	Robert F. Smith
	Title:	 	Managing Member









 
			
	VISTA EQUITY PARTNERS FUND V-B, L.P.
		
	By:	 	Vista Equity Partners Fund V GP, LLC
	Its:	 	General Partner
		
	By:	 	VEP Group, LLC
	Its:	 	Senior Managing Member
		
	By:	 	  

	Name:	 	Robert F. Smith
	Title:	 	Managing Member
	
	VISTA EQUITY PARTNERS FUND V EXECUTIVE, L.P.
		
	By:	 	Vista Equity Partners Fund V GP, LLC
	Its:	 	General Partner
		
	By:	 	VEP Group, LLC
	Its:	 	Senior Managing Member
		
	By:	 	  

	Name:	 	Robert F. Smith
	Title:	 	Managing Member
	
	VEPF V FAF, L.P.
		
	By:	 	Vista Equity Partners Fund V GP, LLC
	Its:	 	General Partner
		
	By:	 	VEP Group, LLC
	Its:	 	Senior Managing Member
		
	By:	 	  

	Name:	 	Robert F. Smith
	Title:	 	Managing Member









 
			
	VISTA EQUITY ASSOCIATES V, LLC
		
	By:	 	VEP Group, LLC
	Its:	 	Senior Managing Member
		
	By:	 	  

	Name:	 	Robert F. Smith
	Title:	 	Managing Member