Description of CEO and EVP Salary and Bonus Arrangements



 Exhibit 10.15 
  
 CEO and EVP Salary and Bonus Arrangements 
  
 On February 23, 2005, the Compensation and Benefits Committee (the “Committee”) of the Board of Directors of First
Data Corporation (the “Company”) approved the following 2005 base salaries, target bonuses and incentive awards, and 2004 bonus payments for the Company’s executive officers after a review of performance and competitive market data.

  

																			
	 Name and Title

	  	 2005
 Base Salary

	  	 2005
 Bonus
 Target

	 	 	Stock
Option
Grant(1)

	  	Long-Term
Performance
Award

	 	 	 2004
 Bonus
Payment

	  	 Deferred
 Payment
 Bonus (2)


	 Charles T. Fote
 Chairman and Chief Executive Officer
	  	$	1,100,000	  	$	1,400,000	(3)	 	300,000	  	100,000	(4)	 	$	1,100,000	  	$	0
	 Guy A. Battista
 Executive Vice President, Chief Information Officer
	  	$	525,000	  	$	500,000	(5)	 	100,000	  	35,000	(6)	 	$	450,000	  	$	550,000
	 Scott H. Betts
 President, Enterprise Payments
	  	$	550,000	  	$	600,000	(7)	 	125,000	  	40,000	(6)	 	$	600,000	  	$	600,000
	 Michael D’Ambrose
 Executive Vice President, HR
	  	$	525,000	  	$	500,000	(5)	 	100,000	  	35,000	(6)	 	$	450,000	  	$	550,000
	 Christina A. Gold
 President, Western Union Financial Services
	  	$	650,000	  	$	700,000	(7)	 	150,000	  	50,000	(6)	 	$	600,000	  	$	750,000
	 Kimberly S. Patmore
 Executive Vice President, Chief Financial Officer
	  	$	525,000	  	$	500,000	(5)	 	100,000	  	40,000	(6)	 	$	450,000	  	$	550,000
	 Pamela H. Patsley
 President, First Data International
	  	$	550,000	  	$	600,000	(7)	 	125,000	  	40,000	(6)	 	$	600,000	  	$	600,000
	 James L. Schoedinger
 President, Card Services
	  	$	500,000	  	$	500,000	(7)	 	110,000	  	35,000	(6)	 	$	500,000	  	$	500,000
	 Michael T. Whealy
 Executive Vice President, General Counsel & Chief Administrative Officer
	  	$	525,000	  	$	500,000	(5)	 	100,000	  	35,000	(6)	 	$	500,000	  	$	550,000

  
  








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


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


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


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


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


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


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

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