EX-10.3



 Exhibit 10.3 

Change-in-Control Agreement 

CHANGE IN CONTROL EMPLOYMENT AGREEMENT 

This CHANGE IN CONTROL EMPLOYMENT AGREEMENT (this “Agreement”), by and between ACI Worldwide, Inc., a Delaware corporation
(the “Company”), and the executive of the Company designated on the signature page to this Agreement (the “Signature Page”) as the Executive (the “Executive”) is entered into effective as of the
date (the “Contract Date”) set forth on the Signature Page. 
 WHEREAS, the Board of Directors of the Company (the
“Board”), has determined that it is in the best interests of the Company and its stockholders to assure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a
Change in Control (as defined herein). The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change in Control and to
encourage the Executive’s full attention and dedication to the Company in the event of any threatened or pending Change in Control, and to provide the Executive with compensation and benefits arrangements upon a Change in Control that ensure
that the compensation and benefits expectations of the Executive will be satisfied and that provide the Executive with compensation and benefits arrangements that are competitive with those of other corporations. Therefore, in order to accomplish
these objectives, the Board has authorized the Company to enter into this Agreement. 
 NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 

Section 1. Certain Definitions. 

(a) “Effective Date” means the first date during the Change in Control Period (as defined herein) on which a Change in
Control occurs. Notwithstanding anything in this Agreement to the contrary, if a Change in Control occurs during the Change in Control Period and if the Executive’s employment with the Company is terminated within six months prior to the date
on which the Change in Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (1) was at the request of a third party that has taken steps reasonably calculated to effect a Change in Control or
(2) otherwise arose in connection with or anticipation of a Change in Control, then “Effective Date” means the date immediately prior to the date of such termination of employment. 

(b) “Change in Control Period” means the period commencing on the date hereof and ending on the second anniversary of the
date hereof; provided, however, that, commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof, the “Renewal Date”), unless previously
terminated, the Change in Control Period shall be automatically extended so as to terminate two years from such Renewal Date, unless, at least 60 days prior to the Renewal Date, the Company shall give notice to the Executive that the Change in
Control Period shall not be so extended. 
 (c) “Affiliated Company” means any company controlled by, controlling or under
common control with the Company. 
 (d) “Change in Control” means: 







 (1) Any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of
either (A) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote
generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this Section l(d), the following acquisitions shall not constitute a Change in Control:
(i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliated Company, (iv) any
acquisition by any Person pursuant to a transaction that complies with Sections 1 (d)(3)(A) and 1(d)(3)(B); or (v) any acquisition of beneficial ownership of not more than 25% of the Outstanding Company Voting Securities by any Person that is
entitled to and does report such beneficial ownership on Schedule 13G under the Exchange Act (a “13G Filer”), provided, however, that this clause (v) shall cease to apply when a Person who is a Schedule 13G Filer becomes
required to file a Schedule 13D under the Exchange Act with respect to beneficial ownership of 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities. Notwithstanding any other provision hereof, if a Business
Combination (as defined below) is completed during the Change in Control Period and the Outstanding Company Voting Securities are converted into voting securities of the Combined Company (as defined below), but such Business Combination does not
constitute a “Change in Control” under Section 1(d)(3), “Outstanding Company Voting Securities” shall thereafter mean voting securities of the Combined Company entitled to vote generally in the election of the members of the
Combined Company Board. 
 (2) Any time at which individuals who, as of the date hereof, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board other than as a result of a Business Combination that does not constitute a “Change in Control” under Sections 1(d)(l) or
1(d)(3)(A); provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors
then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or
threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (an “Election Contest”); 

(3) Consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the
Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business
Combination”), in each case unless, following such Business Combination, (A) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such
corporation resulting from such Business Combination (the “Combined Company”)) beneficially owns, directly or indirectly, such number of the then-Outstanding Company Voting Securities as would constitute a “Change in
Control” under Section 1(d)(l), and at least one-half of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from such Business Combination (the “Combined
Company Board”) were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination (the “Business Combination Agreement”), or
(B) the 

  
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Executive and the Company, each acting in his, her or its respective sole discretion, enter into an amendment to this Agreement providing for the Executive’s continued employment for not
less than two years at levels of compensation and benefits that in the aggregate are not substantially less favorable to the Executive than those to which he or she was entitled prior to such Business Combination; or 

(4) Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 

Section 2. Employment Period. The Company hereby agrees to continue the Executive in its employ, subject to the terms and
conditions of this Agreement, for the period commencing on the Effective Date and ending on the second anniversary of the Effective Date (the “Employment Period”), provided, however, that commencing on each annual anniversary
of the Effective Date (such date and each annual anniversary thereof, the “Employment Period Renewal Date”), unless previously terminated, the Employment Period shall be automatically extended so as to terminate two years from such
Employment Period Renewal Date, unless, at least 60 days prior to the Employment Period Renewal Date, the Company shall give notice to the Executive that the Employment Period shall not be so extended. The Employment Period shall terminate upon the
Executive’s termination of employment for any reason.; provided that the Employment Period shall be deemed to include the period beginning on the Effective Date through and including the Executive’s Date of Termination. Notwithstanding
anything in this Agreement to the contrary, if a Change in Control occurs during the Change in Control Period and if the Executive’s employment with the Company is terminated within six months prior to the date on which the Change in Control
occurs, then (a) “Employment Period” means the period commencing on the date immediately prior to the Date of Termination through and including the date of the Change in Control and (b) from and after the Date of Termination, the
Executive shall not be subject to any of the obligations or entitled to any of rights under Section 3 hereof, including but not limited to the payment of salary, bonus and incentives.  

Section 3. Terms of Employment. 

(a) Position and Duties. (1) During the Employment Period, (A) the Executive’s position (including status, offices,
titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 120-day period immediately
preceding the Effective Date and (B) the Executive’s services shall be performed at the office where the Executive was employed immediately preceding the Effective Date or at any other location less than 50 miles from such office. 

(2) During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the
Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the
Executive’s reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period, it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable
boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the
Executive’s responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that, to the extent that any such activities have been conducted by the Executive prior to the Effective Date,
the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not thereafter be deemed to interfere with the performance of the Executive’s responsibilities to
the Company. 

  
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 (b) Compensation. 

(1) Base Salary. During the Employment Period, the Executive shall receive an annual base salary (the “Annual
Base Salary”) at an annual rate at least equal to the highest annual rate of base salary paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and the Affiliated Companies in respect
of the 12-month period immediately preceding the month in which the Effective Date occurs. The Annual Base Salary shall be paid at such intervals as the Company pays executive salaries generally. During the
Employment Period, the Annual Base Salary shall be reviewed at least annually, beginning no more than 12 months after the last salary increase awarded to the Executive prior to the Effective Date. Any increase in the Annual Base Salary shall not
serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shall not be reduced after any such increase and the term “Annual Base Salary” shall refer to the Annual Base Salary as so
increased. 
 (2) Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal
year ending during the Employment Period, total annual and quarterly bonus opportunities in cash at least equal to the aggregate of the Executive’s target annual and quarterly bonus opportunities for the year in which the Effective Date occurs
(the “Target Annual Bonus”) (if the Executive has not been eligible to earn such a bonus for any period prior to the Effective Date or no such Target Annual Bonus has been established for the fiscal year or quarters (as applicable)
in which the Effective Date occurs, the “Target Annual Bonus” shall mean the Executive’s most recent target annual and quarterly bonus opportunities as in effect for the year prior to the year in which the Effective Date occurs);
provided, however, that (i) the performance measures applicable to such target bonus opportunities shall be comparable in terms of difficulty of achievement to the measures in effect with respect to the Target Annual Bonus prior to the
Effective Date and (ii) in the determination of such bonuses, the Executive shall be treated as favorably as similarly situated executives of any acquiror of the Company. Each such annual bonus shall be paid no later than two and a half months
after the end of the fiscal year for which the annual bonus is awarded, unless the Executive shall elect to defer the receipt of such annual bonus pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”). For purposes of this Agreement, references to Section 409A of the Code shall include any proposed, temporary or final regulation, or any other formal guidance, promulgated with respect to
such section by the U.S. Department of Treasury or the Internal Revenue Service. 
 (3) Incentive Savings and Retirement
Plans. During the Employment Period, the Executive shall be entitled to participate in all cash incentive, equity incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the
Company and the Affiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if
any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and the Affiliated Companies for the
Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective
Date to other peer executives of the Company and the Affiliated Companies. 

  
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 (4) Welfare Benefit Plans. During the Employment Period, the Executive
and/or the Executive’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and the Affiliated Companies
(including, without limitation, medical, prescription, dental, disability, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives of the Company and
the Affiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits that are less favorable, in the aggregate, than the most favorable of such plans, practices, policies and programs in
effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and
the Affiliated Companies. 
 (5) Expenses. During the Employment Period, the Executive shall be entitled to receive
prompt reimbursement for all reasonable expenses incurred by the Executive in accordance with the most favorable policies, practices and procedures of the Company and the Affiliated Companies in effect for the Executive at any time during the
120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and the Affiliated Companies. 

(6) Office and Support Staff. During the Employment Period, the Executive shall be entitled to an office or offices of a
size and with furnishings and other appointments, and to exclusive personal secretarial and other assistance, at least equal to the most favorable of the foregoing provided to the Executive by the Company and the Affiliated Companies at any time
during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as provided generally at any time thereafter with respect to other peer executives of the Company and the Affiliated Companies. 

(7) Vacation. During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most
favorable plans, policies, programs and practices of the Company and the Affiliated Companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in
effect generally at any time thereafter with respect to other peer executives of the Company and the Affiliated Companies. 

Section 4. Termination of Employment. 

(a) Death or Disability. The Executive’s employment shall terminate automatically if the Executive dies during the Employment
Period. If the Company determines in good faith that the Disability (as defined herein) of the Executive has occurred during the Employment Period (pursuant to the definition of “Disability”), it may give to the Executive written
notice in accordance with Section 11(b) of its intention to terminate the Executive’s employment. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the
Executive (the “Disability Effective Date”), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive’s duties. “Disability”
means the absence of the Executive from the Executive’s duties with the Company on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness that is determined to be total and permanent by a
physician selected by the Company or its insurers and acceptable to the Executive or the Executive’s legal representative. 

  
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 (b) Cause. The Company may terminate the Executive’s employment during the Employment
Period with or without Cause. “Cause” means: 
 (1) the Executive’s conviction of, or entry of a plea of
guilty or no contest to, a felony or any lesser crime of which fraud or dishonesty is an element, 
 (2) the Executive’s
willful misconduct or willful omission of duties (other than any such misconduct or omission resulting from the Executive’s incapacity due to physical or mental illness or following the Executive’s delivery of a Notice of Termination for
Good Reason) that is or could reasonably be expected to be injurious to the Company other than in an immaterial manner, or 

(3) the Executive’s violation of any provision of (A) the Company’s Code of Business Conduct and Ethics, as the
same may be amended from time to time, or (B) the Company’s Code of Ethics for the Chief Executive Officer and Senior Financial Officers, as the same may be amended from time to time (the “Code of Ethics”) that is, in each
case, materially and demonstrably injurious to the Company. For purposes of the foregoing sentence, the Executive shall be deemed to be subject to the provisions of the Code of Ethics regardless of whether the Executive is a Senior Officer as
defined in the Code of Ethics or otherwise subject to the Code of Ethics. 
 For purposes of this Section 4(b), no act, or failure to act, on the part
of the Executive shall be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any
act, or failure to act, based upon authority (A) given pursuant to a resolution duly adopted by the Board, or if the Company is not the ultimate parent corporation of the Affiliated Companies and is not publicly-traded, the board of directors
of the ultimate parent of the Company (the “Applicable Board”), (B) upon the instructions of the Chief Executive Officer of the Company, or (C) based upon the advice of counsel for the Company shall be conclusively
presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. The cessation of employment of the Executive shall not be deemed to be for Cause unless (i) “Cause” as defined herein
exists and (ii) there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters of the entire membership of the Applicable Board (excluding the Executive, if the
Executive is a member of the Applicable Board) at a meeting of the Applicable Board called and held for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with counsel for the
Executive, to be heard before the Applicable Board), finding that, in the good faith opinion of the board, the Executive is guilty of the conduct described in Section 4(b)(1), 4(b)(2) or 4(b)(3), and specifying the particulars thereof in
detail. 
 (c) Good Reason. The Executive’s employment may be terminated by the Executive for Good Reason or by the Executive
voluntarily without Good Reason. “Good Reason” means: 
 (1) the assignment to the Executive of any duties
inconsistent in any respect with the Executive’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities as contemplated by Section 3(a), or any other diminution in such position,
authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and that is remedied by the Company promptly after receipt of notice thereof given by the Executive; 

  
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 (2) any failure by the Company to comply with any of the provisions of
Section 3(b), other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and that is remedied by the Company promptly after receipt of notice thereof given by the Executive; 

(3) the Company’s requiring the Executive (i) to be based at any office or location other than as provided in
Section 3(a)(1)(B), (ii) to be based at a location other than the principal executive offices of the Company if the Executive was employed at such location immediately preceding the Effective Date, or (iii) to travel on Company
business to a substantially greater extent than required immediately prior to the Effective Date; 
 (4) any purported
termination by the Company of the Executive’s employment otherwise than as expressly permitted by this Agreement; or 

(5) any failure by the Company to comply with and satisfy Section 10(c). 

The Executive’s mental or physical incapacity following the occurrence of an event described above in clauses (1) through
(5) shall not affect the Executive’s ability to terminate employment for Good Reason. A termination by the Executive with Good Reason shall be effective only if, within 180 days of the Executive’s first becoming aware of the
circumstances giving rise to Good Reason, the Executive delivers a Notice of Termination for Good Reason by Executive to the Company, and, to the extent such circumstances are curable, the Company within 30 days following its receipt of such
notification has failed to cure the circumstances giving rise to Good Reason. 
 (d) Notice of Termination. Any termination by the
Company for Cause, or by the Executive for Good Reason, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 11(b). ‘‘Notice of Termination” means a written notice that
(1) indicates the specific termination provision in this Agreement relied upon, (2) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s
employment under the provision so indicated, and (3) if the Date of Termination (as defined herein) is other than the date of receipt of such notice, specifies the Date of Termination (which Date of Termination shall be not more than 30 days
after the giving of such notice). The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance that contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the
Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance in enforcing the Executive’s or the Company’s respective rights hereunder. 

(e) Date of Termination. “Date of Termination” means (1) if the Executive’s employment is terminated by the
Company for Cause, or by the Executive for Good Reason, the date of receipt of the Notice of Termination or any later date specified in the Notice of Termination, (which date shall not be more than 30 days after the giving of such notice), as the
case may be, (2) if the Executive’s employment is terminated by the Company other than for Cause or Disability, the date on which the Company notifies the Executive of such termination, (3) if the Executive resigns without Good
Reason, the date on which the Executive notifies the Company of such termination, and (4) if the Executive’s employment is terminated by reason of death or Disability, the date of death of the Executive or the Disability Effective Date, as
the case may be. 
 Section 5. Obligations of the Company upon Termination. 

(a) Good Reason; Other than for Cause, Death or Disability. If the Company terminates the Executive’s employment other than for Cause,
Death or Disability or the Executive terminates 

  
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employment for Good Reason during the Employment Period, and contingent upon the Executive’s execution of the Release of Claims without revocation within the time period described in
Section 8 below and the Executive’s compliance with Section 9, the Executive shall be eligible to receive the following benefits: 

(1) the Company shall pay to the Executive, in a lump sum in cash within 60 days after the later of the Date of Termination or
the date of the Change in Control, the aggregate of the following amounts: 
 (A) the sum of (i) the Executive’s
Annual Base Salary through the Date of Termination to the extent not theretofore paid, (ii) the product of (x) the Target Annual Bonus and (y) a fraction, the numerator of which is the number of days in the current fiscal year through
the Date of Termination and the denominator of which is 365 (the “Pro-Rata Bonus”), and (iii) any accrued vacation pay to the extent not theretofore paid (the sum of the amounts described in subclauses (i), (ii) and (iii),
the “Accrued Obligations”); and 
 (B) the amount equal to the product of (i) two [or in the case of
Philip G. Heasley, the Company’s Chief Executive Officer, only, three times] and (ii) the sum of (x) the Executive’s Annual Base Salary and (y) the Target Annual Bonus; 

(2) for two years [or in the case of Philip G. Heasley, the Company’s Chief Executive Officer, only, three years] after
the later of the Executive’s Date of Termination, or the date of the Change in Control or such longer period as may be provided by the terms of the appropriate plan, program, practice or policy (the “Benefit Continuation Period”), the
Company shall continue benefits to the Executive and/or the Executive’s family at least equal to, and at the same after-tax cost to the Executive and/or the Executive’s family, as those that would have been provided to them in accordance
with the plans, programs, practices and policies described in Section 3(b)(4) (such benefits, the “Welfare Benefits”) if the Executive’s employment had not been terminated or, if more favorable to the Executive, as in effect
generally at any time thereafter with respect to other peer executives of the Company and the Affiliated Companies and their families; provided, however, that, the medical, dental, prescription drug and vision benefits provided during the
Benefit Continuation Period shall be provided in such a manner that such benefits (and the costs and premiums thereof) are excluded from the Executive’s income for federal income tax purposes (if the Company reasonably determines that providing
continued coverage under one or more of its welfare plans contemplated herein could be taxable to the Executive, the Company shall provide such benefits at the level required hereby through the purchase of individual coverage); and, provided,
further, that if the Executive becomes reemployed with another employer and is eligible to receive such benefits under another employer provided plan, the medical and other welfare benefits described herein shall be secondary to those provided
under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and
policies, the Executive shall be considered to have remained employed until the end of the Benefit Continuation Period and to have retired on the last day of such period; 

(3) the Company shall, at its sole expense as incurred, provide the Executive with outplacement services the scope and provider
of which shall be selected by the Executive in the Executive’s sole discretion, provided that the cost of such outplacement shall not exceed $50,000; and provided, further, that such outplacement benefits shall commence as of the
later of the Executive’s Date of Termination or the date of the Change in Control and shall end not later than the last day of the second calendar year that begins after the Date of Termination; and 

  
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 (4) the Executive will become fully vested in, and entitled to exercise
immediately all stock-based awards granted to the Executive under any plans or agreements of the Company, as of the later of the Executive’s Date of Termination or the date of the Change in Control; provided that the Executive’s Date of
Termination occurs within twenty-four (24) months following a Change in Control or within six (6) months preceding a Change in Control. The Executive will be entitled to exercise all stock-based awards that are stock options or stock
appreciation rights for a period of not less than 12 months following the later of the date of the Change in Control or the Executive’s Date of Termination, provided that such exercise period shall not in any event extend beyond the last day of
the original term of the relevant stock-related award. The acceleration of vesting and exercisability under this Section will apply notwithstanding any provision in the 2005 Equity and Performance Incentive Plan or any other plan or agreement that
would prevent the acceleration and vesting of the awards or cause them to be canceled, rescinded or otherwise impaired. For purposes of this Section 5(a)(4), stock-based awards shall include stock options, restricted shares, restricted stock
units and any other equity-based compensation awards; provided, however, that (A) certain stock-based awards awarded to the Executive under the Company’s 2005 Equity and Performance Incentive Plan prior to the Contract Date which are
subject to a change in control provision in the respective award agreement as set forth on Appendix A hereto shall not be subject to the terms of this Agreement (any such awards under clause (A) collectively, the “Excluded Awards”)
and (B) certain stock-based awards awarded to the Executive under the Company’s 2005 Equity and Performance Incentive Plan prior to the Contract Date which were subject to a change in control provision in any Prior Agreement as set forth
on Appendix B hereto shall not be subject to the terms of this Section 5(a)(4) (any such awards under clause (B) collectively, the “Prior Awards”). Other than options or stock appreciation rights that are exempt from
Section 409A of the Code, the delivery of shares of common stock or cash (as applicable) in settlement of any stock-based awards (or portion thereof) described in this Section that (i) do not
constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code shall be made as soon as practicable following the applicable vesting event, but no later than the “applicable 2 1⁄2 month period” as described in Treasury Regulation Section 1.409A-l(b)(4); and (ii) constitute “nonqualified deferred compensation”
within the meaning of Section 409A of the Code shall be made on the first permissible payment event under Section 409A of the Code on which the shares or cash would otherwise be delivered or paid. Notwithstanding the definition of
“change in control” or “change of control” in any agreement, plan or arrangement governing such stock-based awards, the definition of Change in Control in this Agreement shall supersede such definitions in all respects with
respect to such stock-based awards. 
 (5) to the extent not theretofore paid or provided, the Company shall timely pay or
provide to the Executive any Other Benefits (as defined in Section 6) in accordance with the terms of the underlying plans or agreements. 

(b) Death. If the Executive’s employment is terminated by reason of the Executive’s death during the Employment Period, the
Company shall provide the Executive’s estate or beneficiaries with the Accrued Obligations and the timely payment or delivery of the Other Benefits, and shall have no other severance obligations under this Agreement. The Accrued Obligations
shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination. With respect to the provision of the Other Benefits, the term “Other Benefits” as utilized in this
Section 5(b) shall include, without limitation, and the Executive’s estate and/or beneficiaries shall be entitled to receive, benefits at least equal to the most favorable benefits provided by the Company and the Affiliated Companies to
the estates and beneficiaries of peer executives of the Company and the Affiliated Companies under such plans, programs, practices and policies relating to 

  
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death benefits, if any, as in effect with respect to other peer executives and their beneficiaries at any time during the 120 day period immediately preceding the Effective Date or, if more
favorable to the Executive’s estate and/or the Executive’s beneficiaries, as in effect on the date of the Executive’s death with respect to other peer executives of the Company and the Affiliated Companies and their beneficiaries.

 (c) Disability. If the Executive’s employment is terminated by reason of the Executive’s Disability during the
Employment Period, the Company shall provide the Executive with the Accrued Obligations and the timely payment or delivery of the Other Benefits, and shall have no other severance obligations under this Agreement. The Accrued Obligations shall be
paid to the Executive in a lump sum in cash within 30 days of the Date of Termination. With respect to the provision of the Other Benefits, the term “Other Benefits” as utilized in this Section 5(c) shall include, and the Executive
shall be entitled after the Disability Effective Date to receive, disability and other benefits at least equal to the most favorable of those generally provided by the Company and the Affiliated Companies to disabled executives and/or their families
in accordance with such plans, programs, practices and policies relating to disability, if any, as in effect generally with respect to other peer executives and their families at any time during the 120-day period immediately preceding the Effective
Date or, if more favorable to the Executive and/or the Executive’s family, as in effect at any time thereafter generally with respect to other peer executives of the Company and the Affiliated Companies and their families. 

(d) Cause; Other Than for Good Reason. If the Executive’s employment is terminated for Cause during the Employment Period
or if the Executive terminates his employment other than for Good Reason during the Employment Period, the Company shall provide the Executive with the Executive’s Annual Base Salary through the Date of Termination, and the timely payment or
delivery of the Other Benefits, and shall have no other severance obligations under this Agreement. If the Executive voluntarily terminates employment during the Employment Period, excluding a termination for Good Reason, the Company shall provide
to the Executive the Accrued Obligations and the timely payment or delivery of the Other Benefits, and shall have no other severance obligations under this Agreement. In such case, all the Accrued Obligations shall be paid to the Executive in a lump
sum in cash within 30 days of the Date of Termination. 
 (e) Other. Without limiting the applicability of Section 5, if the Company
terminates the Executive’s employment without Cause or by reason of the Executive’s Disability during the Employment Period and a notice of termination is given or such termination is effective within 15 months after the election of one or
more individuals to the Board who were first nominated or recommended for election to the Board by any Person other than the Board or its Nominating and Corporate Governance Committee (or any Board committee performing similar functions (together
with the Board, the “N&G Committee”)) and such nomination was not recommended by the N&G Committee before such nomination or recommendation was first publicly announced by such Person or following the institution of an Election
Contest proposing the election of one or more directors to the Board who, at the time such proposal is first publicly announced, were not recommended for election to the Board by the Board or the N&G Committee, then the Effective Date shall mean
the date immediately preceding such termination and such termination shall be deemed to have occurred during the Employment Period for purposes of this Agreement. For the avoidance of doubt, this Section 5(e) will not apply if the
Executive’s employment is terminated by the Executive (whether or not Good Reason exists) or the Executive terminates employment for death or Disability. Notwithstanding any other provision in this Agreement to the contrary, if
Section 5(e) applies and the Company terminates the Executive’s employment (i) without Cause, then, contingent upon the Executive’s execution of the Release of Claims without revocation within the time period described in
Section 8 below and the Executive’s compliance with Section 9, the Executive shall be eligible to receive the payments and 

  
 10 








 
benefits set forth in Section 5(a) within the time periods specified in Section 5(a) as to payment of such benefits from and after the Executive’s Date of Termination, without
regard to any provision requiring such benefits to be payable upon the later of the Date of Termination or the date of the Change in Control; provided, however, that the Executive shall not be entitled to any payment or benefit under
Section 5(a)(4); and (ii) if the Executive’s termination occurs by reason of the Executive’s Disability during the Employment Period, then the Executive shall be entitled to the payments and benefits set forth in
Section 5(c) within the time periods specified in Section 5(c). 
 (f) 409A Compliance. Notwithstanding the provisions ofSection
5, in the event that the Executive is a “specified employee” within the meaning of Section 409A of the Code (as determined in accordance with the methodology established by the Company as in effect on the Date of Termination) and if
any portion of the payments or benefits to be received by the Executive under this Agreement upon his or her separation from service, including Section 5, would be considered deferred compensation under Section 409A of the Code, amounts
that would otherwise be payable under this Agreement, as applicable, during the six-month period immediately following the Date of Termination (other than the amountsnot subject to Section 409A of the Code) shall instead be paid, with interest
on any delayed payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code (“Interest”), on the earlier of (i) the first business day after the date that is six months following the Executive’s
“separation from service” within the meaning of Section 409A of the Code and (ii) the Executive’s death (the applicable date, the “Delayed Payment Date”). Each payment and benefit to be made or provided to the
Executive under this Agreement shall be considered to be a separate payment and not one of a series of payments for purposes of Section 409A of the Code. A termination of employment shall not be deemed to have occurred for purposes of any
provision of this Agreement providing for the payment of any amounts or benefits subject to Section 409A of the Code upon or following a termination of employment unless such termination is also a “separation from service” within the
meaning of Section 409A of the Code. Notwithstanding any other provision to the contrary in this Section 5, the Welfare Benefits provided pursuant to Section 5(a)(2) that are not non-taxable medical benefits, “disability
pay” or “death benefit plans” within the meaning of Treasury Regulation Section 1.409A-l(a)(5), and the reimbursement or in-kind benefits provided pursuant to Sections 73 and 7, shall be treated as follows (the
“Reimbursement Rules”): (i) the amount of such benefits provided during one taxable year shall not affect the amount of such benefits provided in any other taxable year, except that to the extent such benefits consist of the
reimbursement of expenses referred to in Section 105(b) of the Code, a limitation may be imposed on the amount of such reimbursements over some or all of the Benefit Continuation Period, as described in Treasury Regulation Section l.409A-3(i)(l
)(iv)(B), (ii) to the extent that any such benefits consist of reimbursement of eligible expenses, such reimbursement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, and
(iii) no such benefit may be liquidated or exchanged for another benefit. To the extent the period under which the Executive must sign and not revoke the Release of Claims (as described in Section 8 of this Agreement) spans two calendar
years, then the payment of any severance pay and benefits contingent upon the execution of such Release of Claims without revocation shall not commence until the second calendar year, but shall continue to be paid within the timeframe described
under Section 5(a). 
 Section 6. Non-exclusivity of Rights. Nothing in this Agreement shall prevent or limit the Executive’s
continuing or future participation in any plan, program, policy or practice provided by the Company or the Affiliated Companies and for which the Executive may qualify, nor, subject to Section 11 (f), shall anything herein limit or otherwise
affect such rights as the Executive may have under any other contract or agreement with the Company or the Affiliated Companies. Except as otherwise provided in this Agreement, amounts that are vested benefits or that the Executive is otherwise
entitled to receive under any plan, policy, practice or program of or any other contract or agreement with the Company or the Affiliated Companies at or subsequent to the Date of Termination 

  
 11 








 
(“Other Benefits”) shall be payable in accordance with such plan, policy, practice or program or contract or agreement, except as explicitly modified by this Agreement. Without
limiting the generality of the foregoing, the Executive’s resignation under this Agreement with or without Good Reason, shall in no way affect the Executive’s ability to terminate employment by reason of the Executive’s
“retirement” under any compensation and benefits plans, programs or arrangements of the Affiliated Companies, including without limitation any retirement or pension plans or arrangements or to be eligible to receive benefits under any
compensation or benefit plans, programs or arrangements of the Affiliated Companies, including without limitation any retirement or pension plan or arrangement of the Affiliated Companies or substitute plans adopted by the Company or its successors,
and any termination which otherwise qualifies as Good Reason shall be treated as such even if it is also a “retirement” for purposes of any such plan. Notwithstanding the foregoing, if the Executive receives payments and benefits pursuant
to Section 5(a) of this Agreement, the Executive shall not be entitled to any severance pay or benefits under any severance plan, program or policy of the Company and the Affiliated Companies, unless otherwise specifically provided therein in a
specific reference to this Agreement. 
 Section 7. Full Settlement. The Company’s obligation to make the payments provided
for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action that the Company may have against the Executive or others. In no event
shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement, and such amounts shall not be reduced whether or not the
Executive obtains other employment. The Company agrees to pay as incurred (within 10 days following the Company’s receipt of an invoice from the Executive) at any time from the date of this Agreement through the Executive’s remaining
lifetime or, if longer, through the 20th anniversary of the Effective Date, to the full extent permitted by law, all reasonable legal fees and expenses that the Executive may incur as a result of any contest (regardless of the outcome thereof) by
the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any
payment pursuant to this Agreement), plus, in each case, Interest; provided that (a) the Executive shall have submitted an invoice for such fees and expenses at least 10 days before the end of the calendar year next following the
calendar year in which such fees and expenses were incurred and (b) such reimbursements or in-kind benefits comply with the Reimbursement Rules. 

Section 8. Release of Claims. In consideration for and as a condition precedent to receiving the severance pay or benefits outlined in
this Agreement, the Executive agrees to execute a Release of Claims in the form substantially similar to the form attached as Appendix C (“Release of Claims”). The Executive acknowledges and agrees that if he fails to execute and deliver
the Release of Claims to the Company within 21 days (or, if required by applicable law, 45 days) from the Executive’s Date of Termination or revokes such Release of Claims prior to the “Effective Date” (as such term is defined in the
Release of Claims) of the Release of Claims, the Executive shall forfeit the severance pay and benefits outlined in this Agreement. 

Section 9. Confidential Information; Other Restrictive Covenants. 

(a) Confidential Information. The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or
confidential information, knowledge or data relating to the Company or the Affiliated Companies, and their respective businesses, which information, knowledge or data shall have been obtained by the Executive during the Executive’s employment
by the Company or the Affiliated Companies and which information, knowledge or data shall not be or become public knowledge (other than by acts by the Executive or representatives of the Executive in


  
 12 








 
violation of this Agreement). After termination of the Executive’s employment with the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise
be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone other than the Company and those persons designated by the Company. In no event shall an asserted violation of the provisions of this
Section 9 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive under this Agreement. 
 (b)
Covenants Following Termination of Employment. For a period of one (1) year following the termination of the Executive’s employment during the Employment Period, the Executive will not: 

(1) enter into or engage in any business that competes with the Company’s Business within the Restricted Territory (as
defined in Section 9(c)); 
 (2) solicit customers with whom the Executive had any contact or for which the Executive
had any responsibility (either direct or supervisory) at the Date of Termination or at any time during the one (1) year prior to such Date of Termination, whether within or outside of the Restricted Territory, or solicit business, patronage or
orders for, or sell, any products and services in competition with, or for any business that competes with the Company’s Business within the Restricted Territory; 

(3) divert, entice or otherwise take away any customers, business, patronage or orders of the Company within the Restricted
Territory, or attempt to do so; 
 (4) promote or assist, financially or otherwise, any person, firm, association,
partnership, corporation or other entity engaged in any business that competes with the Company’s Business within the Restricted Territory; or 

(5) solicit or induce or attempt to solicit or induce any employee(s), sales representative(s), agent(s) or consultant(s) of
the Company and/or its affiliated companies to terminate their employment, representation or other association with the Company and/or its affiliated companies, provided that the foregoing shall not apply to general advertising not
specifically targeted at employees, sales representatives, agents or consultants of the Company and/or its affiliated companies. 

Notwithstanding the foregoing, it shall not be a violation of this Section 9(b) for the Executive to join a division or business line of
a commercial enterprise with multiple divisions or business lines if such division or business line is not competitive with the Company’s Business, provided that the Executive performs services solely for such non-competitive division or
business line, and performs no functions on behalf of (and has no involvement with or direct or indirect responsibilities with respect to) businesses competitive with the Company’s Business. Nothing in this Section 9(b) shall prohibit the
Executive from being a passive owner of not more than 4.9% of the outstanding equity interest in any entity which is publicly traded, so long as the Executive has no active participation in the business of such corporation. 

(c) Restricted Territory. For the purposes of Section 9(b), the Restricted Territory shall be defined as and limited to the
geographic area(s) within a 100 mile radius of any and all areas in which the Company was located immediately prior to the Effective Date in, to, or for which Executive worked, to which Executive was assigned or had any responsibility (either direct
or supervisory) at the Date of Termination and at any time during the one (1) year prior to the Date of Termination. 

  
 13 








 (d) Company’s Business. For purposes of Section 9(b), the Company’s
Business is defined to be the development and sale of software products that facilitate electronic payments, as further described in any and all manufacturing, marketing and sales manuals and materials of the Company in effect immediately prior to
the Effective Date, or of any other products or services substantially similar to or readily suitable for any such described products. 

Section 10. Successors. 

(a) This Agreement is personal to the Executive, and, without the prior written consent of the Company, shall not be assignable by the
Executive other than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s legal representatives. 

(b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. Except as provided in
Section 10(c), without the prior written consent of the Executive, this Agreement shall not be assignable by the Company. 
 (c) The
Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the
same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. “Company’’ means the Company as hereinbefore defined and any successor to its business and/or assets as
aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise. In the event of a Change in Control during the Change in Control Period, (i) any stock-based award held by the Executive with performance-based
vesting conditions (other than the Excluded Awards, as defined in Section 5(a)(4)) shall, immediately prior to such Change in Control and without any further action on the part of the Company or the Executive, be deemed to have satisfied the
performance-based vesting conditions at the greater of the target level or the pro rata portion (as defined below) of the level of achievement of the performance goals the Compensation Committee, in its reasonable discretion, determines the
Executive likely would have received for the performance period during which the Executive’s employment with the Company terminated had the Executive’s employment not terminated and shall thereafter vest, unless sooner accelerated, monthly
in equal installments over the remaining performance period (each a “Modified Award”) and (ii) the Board shall cause any successor to assume any such Modified Award. The delivery of shares of common stock or cash (as applicable) in
settlement of any such Modified Award (or portion thereof) that (i) does not constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code shall be made as soon as practicable following the
applicable vesting event, but no later than the “applicable 2 1⁄2 month period” as described in Treasury Regulation Section 1.409A-l(b)(4); and
(ii) does constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code shall be made on the first permissible payment event under Section 409A of the Code on which the shares or cash would
otherwise be delivered or paid. In the event of a Change in Control in which the Company’s common stock ceases to be listed on the New York Stock Exchange or the Nasdaq Global Select Market or the Company’s common stock is converted into
any consideration other than shares of common stock listed on the New York Stock Exchange or the Nasdaq Global Select Market, immediately prior to such Change in Control, the Board shall in its reasonable discretion take one of the following
actions: (i) terminate such awards as of immediately prior to the consummation of the Change in Control in consideration of a payment equal the excess of the fair market value of such award (as reasonably determined by the Board) over the
exercise or conversion price, if any, of such award, (ii) accelerate all vesting conditions in such award such that the award is fully exercisable immediately prior to the consummation of such Change in Control with such vesting and notice of
exercise contingent upon consummation of such Change in Control, (iii) issuance of substitute awards that will substantially preserve the realizable value and otherwise applicable 

  
 14 








 
terms of any affected awards previously granted to the Executive and (iv) any combination of the foregoing. To avoid any ambiguity or doubt, the Company shall amend all applicable plans and
award agreements to the extent necessary or advisable to reflect the terms of this Agreement. For purposes of this Section 10(c), the term “pro rata portion” shall mean a percentage, when expressed as a fraction, the numerator of
which is the number of days during the applicable performance period in which the Executive was in continuous active employment with the Company, and the denominator of which is the number of days in such performance period. 

Section 11. Miscellaneous. 

(a) This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of
conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified other than by a written agreement executed by the parties hereto or their
respective successors and legal representatives. 
 (b) All notices and other communications hereunder shall be in writing and shall be
given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

If to the Executive: 
 At the
most recent address on file at the Company. 
 if to the Company: 

ACI Worldwide, Inc. 

6060 Coventry Drive 
 Elkhorn, NE
68022 
 Attention: General Counsel 
 or to
such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 

(c) In the event of a Change in Control, all Prior Awards shall vest in full, in each case immediately prior to the occurrence of such Change
in Control. 
 (d) The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement. 
 (e) The Company may withhold from any amounts payable under this Agreement such United States
federal, state or local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 
 (f) The
Executive’s or the Company’s failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the
Executive to terminate employment for Good Reason pursuant to Sections 4(c)(l) through 4(c)(5), shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

  
 15 








 (g) The Executive and the Company acknowledge that, except as may otherwise be provided under any
other written agreement between the Executive and the Company, the employment of the Executive by the Company is “at will” and, subject to Sections 1 and 5, prior to the Effective Date, the Executive’s employment may be terminated by
either the Executive or the Company at any time prior to the Effective Date, in which case the Executive shall have no further rights under this Agreement. Except as specifically provided herein, this Agreement shall supersede any other agreement
(“Prior Agreement”) between the parties with respect to the subject matter hereof; including, without limitation, any agreement set forth on Appendix D attached hereto and incorporated herein by this reference. 

(h) No later than 10 days prior to the date of a Change in Control, the Company shall deliver cash, in an amount equal to the sum of
(A) the aggregate of the cash amounts that could be payable under Section 5(a)(1), (2), (3) and (5) (plus any estimated Interest) and (B) the aggregate of the cash value of any amounts deferred by the Executive under any
“nonqualified deferred compensation plan” within the meaning of Section 409A of the Code, to a “rabbi trust” (the “Trust”) to be established by the Company prior to such delivery of cash with a nationally
recognized financial institution as trustee (the “Trustee”) to be held by the Trustee pursuant to the terms of the trust agreement entered into between the Company and the Trustee prior to the Effective Date; provided, however, that
the Trust shall not be funded if the funding thereof would result in taxable income to the Executive by reason of Section 409A(b) of the Code or otherwise result in a violation of Section 409A of the Code. The Company shall be responsible
for any fees and expenses of the Trustee. Notwithstanding anything in this Agreement to the contrary, if a Change in Control occurs during the Change in Control Period and if the Executive’s employment with the Company is terminated within six
months prior to the date on which the Change in Control occurs, this Section 11(h) shall not apply. 
 (i) To the extent applicable, it
is intended that this Agreement comply with the provisions of Section 409A of the Code. This Agreement shall be administered in a manner consistent with this intent. 

(j) Executive acknowledges and agrees that no change in control, as defined under this Agreement or any Prior Agreement, has occurred prior to
the Contract Date. 
 Next page is the Signature Page 

  
 16 








 IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant to the
authorization from the Board, the Company has caused these presents to be executed in its name on its behalf, all effective as of
                    , 2016. 
  

									
	 ACI Worldwide, Inc.
	 		 	 Executive
	 	
					
	 By:
	 	  
	 		 	 Signature:
	 	  

					
	 Its:
	 	  
	 		 	Printed Name:	 	  



  
 17 








 APPENDIX A 

Excluded Awards 
  

	1.	[                    ]. 


  
 A-1 








 APPENDIX B 

Prior Awards 
  

	1.	[                    ]. 


  
 B-1 








 APPENDIX C 

RELEASE OF CLAIMS 
 1. Parties.

 The parties to Release of Claims (hereinafter “Release”) are [EXECUTIVE’S NAME] and ACI Worldwide, Inc., a Delaware
corporation, as hereinafter defined. 
 1.1. Executive and Releasing Parties. 

For the purposes of this Release, “Executive” means [EXECUTIVE’S NAME], and “Releasing Parties” means Executive and
his attorneys, heirs, legatees, personal representatives, executors, administrators, assigns, and spouse. 
  

	 	1.2.	The Company and the Released Parties. 

 For the purposes of this Release the
“Company” means ACI Worldwide, Inc., a Delaware corporation, and “Released Parties” means the Company and its predecessors and successors, affiliates, and all of each such entity’s officers, directors, employees, insurers,
agents, attorneys or assigns, in their individual and representative capacities. 
 2. Background And Purpose. 

Executive was employed by the Company. Executive’s employment is ending effective
                 under the conditions described in Section 5(a) of the Executive’s Change in Control Employment Agreement (“Agreement”) by and
between Executive and the Company dated [DATE OF CHANGE IN CONTROL EMPLOYMENT AGREEMENT]. 
 The purpose of this Release is to settle, and
the parties hereby settle, fully and finally, any and all claims the Releasing Parties may have against the Released Parties, whether asserted or not, known or unknown, including, but not limited to, claims arising out of or related to
Executive’s employment, any claim for reemployment, or any other claims whether asserted or not, known or unknown, past or future, that relate to Executive’s employment, reemployment, or application for reemployment (in each case except as
set forth below). 
 3. Release. 
 In
consideration for the payments and benefits set forth in Section 5(a) of the Agreement and other promises by the Company all of which constitute good and sufficient consideration, Executive, for and on behalf of the Releasing Parties, waives,
acquits and forever discharges the Released Parties from any obligations the Released Parties have and all claims the Releasing Parties may have as of the Effective Date (as defined in Section 4 below) of this Release, including but not limited
to, obligations and/or claims arising from the Agreement (other than any claim Executive may have against the Company after the date hereof with respect to nonperformance of the payment obligations of the Company set forth in Section 5(a) of
the Agreement) or any other document or oral agreement relating to employment, compensation, benefits, severance or post-employment issues. Executive, for and on behalf of the Releasing Parties, hereby releases the Released Parties from any and all
claims, demands, actions, or causes of action, whether known or unknown, arising from or related in any way to any employment of or past failure or refusal to employ Executive by the Company, or any other past claim that relates in any way to
Executive’s employment, compensation, benefits, reemployment, or application for employment, with the exception of any claim Executive may have against the Company for enforcement of the Agreement. The matters released include, but are not
limited to, any claims under federal, state or local laws, including the Age Discrimination in Employment Act (“ADEA”) as amended by the Older 

  
 C-1 








 
Workers’ Benefit Protection Act (“OWBPA”), any common law tort, contract or statutory claims, and any claims for attorneys’ fees and costs. Further, Executive, for and on
behalf of the Releasing Parties, waives and releases the Released Parties from any claims that this Release was procured by fraud or signed under duress or coercion so as to make the Release not binding. Executive is not relying upon any
representations by the Company’s legal counsel in deciding to enter into this Release. Executive understands and agrees that by signing this Release Executive, for and on behalf of the Releasing Parties, is giving up the right to pursue any
legal claims that Executive or the Releasing Parties may have against the Released Parties with respect to the claims released hereby. Provided, nothing in this provision of this Release shall be construed to prohibit Executive from challenging
the validity of the ADEA release in this Section of the Release or from filing a charge or complaint with the Equal Employment Opportunity Commission or any state agency or from participating in any investigation or proceeding conducted by the Equal
Employment Opportunity Commission or state agency. However, the Released Parties will assert all such claims have been released in a final binding settlement. 

Executive understands and agrees that this Release extinguishes all released claims, whether known or unknown, foreseen or unforeseen.
Executive expressly waives any rights or benefits under Section 1542 of the California Civil Code, or any equivalent statute. California Civil Code Section 1542 provides as follows: 

“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of
executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” 
 Executive
fully understands that, if any fact with respect to any matter covered by this Release is found hereafter to be other than or different from the facts now believed by Executive to be true, Executive expressly accepts and assumes that this Release
shall be and remain effective, notwithstanding such difference in the facts. 
 3.1. IMPORTANT INFORMATION REGARDING ADEA RELEASE.

 Executive understands and agrees that: 
  

	 	(a)	this Release is worded in an understandable way; 

  

	 	(b)	claims under ADEA that may arise after the date of this Release are not waived; 

  

	 	(c)	the rights and claims waived in this Release are in exchange for additional consideration over and above any consideration to which Executive was already undisputedly entitled; 


 

	 	(d)	Executive has been advised to consult with an attorney prior to executing this Release and has had sufficient time and opportunity to do so; 


 

	 	(e)	Executive has been given a period of time of 21 days (or, if required by applicable law, 45 days) (the “Statutory Period”), if desired, to consider this Release and understands that Executive may revoke his
waiver and release of any ADEA claims covered by this Release within seven (7) days from the date Executive executes this Release. Notice of revocation must be in writing and received by ACI Worldwide, Inc., 6060 Coventry Drive, Elkhorn, NE
68022, Attn: General Counsel within seven (7) days after Executive signs this Release; and 

  

	 	(f)	any changes made to this Release, whether material or immaterial, will not restart the running of the Statutory Period. 


  
 C-2 








 3.2. Reservations Of Rights. 

This Release shall not affect any rights which Executive may have under any medical insurance, disability plan, workers’ compensation,
unemployment compensation, indemnifications, applicable company stock incentive plan(s), or the 401(k) plan maintained by the Company. 

3.3. No Admission Of Liability. 

It is understood and agreed that the acts done and evidenced hereby and the release granted hereunder is not an admission of liability on the
part of Executive or the Company or the Released Parties, by whom liability has been and is expressly denied. 
 4. Effective Date. 

The “Effective Date” of this Release shall be the eighth calendar day after it is signed by Executive. 

5. Confidentiality, Proprietary, Trade Secret And Related Information 

Executive acknowledges the duty and agrees not to make unauthorized use or disclosure of any confidential, proprietary or trade secret
information learned as an employee about the Company, its products, customers and suppliers, and covenants not to breach that duty. Moreover, Executive acknowledges that, subject to the enforcement limitations of applicable law, the Company reserves
the right to enforce the terms of any offer letter, employment agreement, confidentially agreement, or any other agreement between Executive and the Company and any section(s) therein. Should Executive, Executive’s attorney or agents be
requested in any judicial, administrative, or other proceeding to disclose confidential, proprietary or trade secret information Executive learned as an employee of the Company, Executive shall promptly notify the Company of such request by the most
expeditious means in order to enable the Company to take any reasonable and appropriate action to limit such disclosure. 
 6. Scope Of Release. 

The provisions of this Release shall be deemed to obligate, extend to, and inure to the benefit of the parties; the Company’s parents,
subsidiaries, affiliates, successors, predecessors, assigns, directors, officers, and employees; and each party’s insurers, transferees, grantees, legatees, agents, personal representatives and heirs, including those who may assume any and all
of the above-described capacities subsequent to the execution and Effective Date of this Release. 
 7. Entire Release. 

This Release and the Agreement signed by Executive contain the entire agreement and understanding between the parties and, except as reserved
in Sections 3 and 5 of this Release, supersede and replace all prior agreements, written or oral, prior negotiations and proposed agreements, written or oral. Executive and the Company acknowledge that no other party, nor agent nor attorney of any
other party, has made any promise, representation, or warranty, express or implied, not contained in this Release concerning the subject matter of this Release to induce this Release, and Executive and the Company acknowledge that they have not
executed this Release in reliance upon any such promise, representation, or warranty not contained in this Release. 
 8. Severability. 

Every provision of this Release is intended to be severable. In the event any term or provision of this Release is declared to be illegal or
invalid for any reason whatsoever by a court of competent jurisdiction or by final and unappealed order of an administrative agency of competent jurisdiction, such illegality or invalidity should not affect the balance of the terms and provisions of
this Release, which terms and provisions shall remain binding and enforceable. 

  
 C-3 








 9. References. 

The Company agrees to follow the applicable policy(ies) regarding release of employment reference information. 

10. Parties May Enforce Release. 

Nothing in this Release shall operate to release or discharge any parties to this Release or their successors, assigns, legatees, heirs, or
personal representatives from any rights, claims, or causes of action arising out of, relating to, or connected with a breach of any obligation of any party contained in this Release. 

11. Governing Law. 
 This Release shall
be construed in accordance with and governed by the laws of the State of Delaware, without regard to its conflicts of laws provisions. 
  

							
		 		  	Dated:	  	
	 NAME
	 		  		  	

  

					
	STATE OF	  	                    )	 	
		  	                    )	 	ss.
	County of	  	                    )	 	

 Personally appeared the above named NAME and acknowledged the foregoing instrument to be his voluntary act and
deed. 
  

									
		 	Before me:	  		 		 	
		 		  	 NOTARY PUBLIC –

My commission expires:
	 	
                     
    
	 	
				
	ACI WORLDWIDE, INC.	  		 		 	
					
	By:	 		  	Dated:	 		 	
					
	Its:	 		  		 		 	
		 	 On Behalf of ACI Worldwide, Inc. and

“Company”
	  		 		 	


  
 C-4 








 APPENDIX D 

Prior Agreements