Stock Incentive Plan Stock Option Award Agreement



 Exhibit 10.47 
  
 CERTEGY INC. 
  
 NON-QUALIFIED STOCK OPTION AGREEMENT 
  
 [PARTICIPANT] 
  
 Number of Shares: 
  
 Option Price: $ 
  
 Date of Grant: 
  
 THIS AGREEMENT is entered into as of the above Date of Grant, by and
between Certegy Inc., a Georgia corporation (the “Company”), and the above-named Participant (“Participant”). This Agreement is subject to the provisions of the Certegy Inc. Stock Incentive Plan, as it may be amended from time to
time (the “Plan”) and, unless defined in this Agreement, all terms used in this Agreement have the same meanings given them in the Plan. 
  

	1.	Grant of Option. The Company on the “Date of Grant” granted to Participant (subject to the terms of the Plan and this Agreement) the right to purchase from the
Company all or part of the Number of Shares stated above (the “Option”). This Agreement is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).


  

	2.	Basic Terms and Conditions. The Option is subject to the following basic terms and conditions: 

  

	 	(a)	Expiration Date. Except as otherwise provided in this Agreement, the Option will expire
                     years from the Date of Grant (the “Expiration Date”). 

  

	 	(b)	Exercise of Option. Except as provided in subparagraph 2(e) or paragraph 3, the Option shall be exercisable with respect to
                     of the Number of Shares subject to this option on
                     and with respect to an additional
                     of the Number of Shares subject to this Option on
                     so that this Option shall be fully exercisable on
                    , provided the Participant (i) remains employed by the Company or a Subsidiary or (ii) subject to the provisions of
subparagraph 2(e)(ii), terminates employment by reason of Retirement (as defined in subparagraph 2(e)(ii)). Once exercisable, in whole or part, the Option will continue to be so exercisable until the earlier of the termination of Participant’s
rights under subparagraph 2(e) or paragraph 3, or the Expiration Date. The Option may be exercised in one or more exercises, provided that each exercise must be for a multiple of twenty-five (25) shares (e.g., 25 shares, 50 shares, 100
shares), up to the full number for which the Option is then exercisable, unless the Number of Shares then exercisable is less than twenty-five (25), in which case the Option may be exercised for that lesser Number of Shares.










	 	(c)	Method of Exercise and Payment for Shares. In order to exercise the Option, Participant must give written notice in a manner prescribed by the Company from time to time,
together with payment of the Option Price to the Company’s Stock Option Administrator at the Company’s principal executive offices, or as otherwise directed by the Administrator. The Date of Exercise will be the date of receipt of the
notice or any later date specified in the notice. Participant must pay the Option Price (i) in cash or a cash equivalent acceptable to the Committee, or (ii) in the Committee’s discretion, by the surrender (or attestation to ownership) of
shares of Common Stock (held by Participant for at least six (6) months) with an aggregate Fair Market Value (based on the closing price of a share of Common Stock as reported on the New York Stock Exchange composite index on the Date of Exercise)
that is not less than the Option Price, or by surrender of property described in and subject to the conditions provided in Section 4(d) of the Plan, or (iii) by a combination of cash and such shares. Payment of the Option Price may be deferred in
the discretion of the Committee to accommodate proceeds of sale of some or all of the shares to which this grant relates. 

  
 If at exercise, Participant is not in compliance with the Company’s minimum stock ownership guidelines then in effect for Participant’s job
grade or classification, if any, Participant will not be entitled to exercise the Option using a “cashless exercise program” of the Company (if then in effect), unless the net proceeds received by Participant from that exercise consist
only of shares of Company stock, and Participant agrees to hold all those shares for at least one (1) year. 
  

	 	(d)	Transferability. 

  

	 	(i)	Except as provided in (d)(ii) below, Participant’s rights under this Agreement are non-transferable except by will or by the laws of descent and distribution, in which case all
of Participant’s remaining rights under this Agreement must be transferred undivided to the same person or persons. During Participant’s lifetime, only Participant (or Participant’s legal representative if Participant is incompetent)
may exercise the Option. 

  

	 	(ii)	Participant is permitted to transfer the Option to Participant’s Immediate Family, subject to and in accordance with Section 7(c) of the Plan, provided that any such transfer
may be made only in multiples of Options for 1,000 Shares (or, if less, the number of Options that remain subject to this grant). 

  

	 	(e)	Termination of Employment. Except as provided in subparagraphs (i), (ii), (iii) or (iv) below, or paragraph 3, the Option is not exercisable after termination of
Participant’s employment with the Company or a Subsidiary. 

  

	 	(i)	 Elimination of Position. Except as provided in paragraph 3 below, if the termination of Participant’s employment results from the Company’s
elimination of the position held by Participant, then Participant will 



  

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continue to have the right to exercise the Option with respect to that portion of the Number of Shares for which the Option was vested and exercisable on the
date of termination and the remaining portion shall be cancelled. Except as provided in subsection 2(e)(iv) below, that right will continue until the earlier of the last day of the one-year period commencing on the date of termination of employment
or the Expiration Date. 
  

	 	(ii)	Retirement or Disability when Retirement Eligible. Except as provided in paragraph 3 below, if the termination of Participant’s employment results from
Participant’s Retirement (as defined below) or total and permanent Disability when eligible to retire, Participant will continue to vest in the Option in accordance with the original vesting schedule in subparagraph 2(b) above as if he had
remained actively employed; subject to the individual’s agreement not to do anything that would be harmful to the Company, and to be available to perform reasonable services for the Company as a consultant on reasonable terms and conditions
through the vesting date of the grant, and subject to the conditions that the participant does not commence employment with a competitor of the Company, does not engage in solicitation of the Company’s employees, customers or suppliers, and
does not disclose the Company’s confidential information or trade secrets (any of such conduct to be determined by the Committee in its sole discretion, in good faith and after reasonable investigation), the grant continues to vest on the above
schedule following retirement or disability. In the event that any of the above conditions are not met, all unvested stock options under this grant will be forfeited by the participant; provided further, that upon Participant’s death, all
vesting will cease and the Option will be exercisable with respect to that portion of the Number of Shares for which the Option is vested and exercisable on the date of Participant’s death and no other portion. 

  
 Participant will continue to have the right to exercise the Option with
respect to that portion of the Number of Shares for which the Option is vested and exercisable from time to time until the earlier of the last day of the sixty (60) month period following Participant’s Retirement or Disability, or the
Expiration Date. “Retirement” means Participant’s termination of employment with the Company or a Subsidiary (other than by the Company or a Subsidiary for Cause) at a time when Participant is eligible for immediate payment of
benefits under Participant’s applicable defined benefit retirement plan, if any, or in the absence of an applicable defined benefit retirement plan, as determined by the Committee. 
  

	 	(iii)	 Disability when not eligible to retire. Except as provided in paragraph 3, if the termination of Participant’s employment results from
Participant’s total and permanent disability, confirmed by the statement of a licensed physician chosen or approved by the Committee, then Participant will continue to have the right to exercise the Option with respect to that 



  

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portion of the Number of Shares for which the Option was vested and exercisable on the last date of Participant’s active employment and the remaining
portion shall be cancelled. Except as provided in subparagraph 2(e)(iv) below, that right will continue until the earlier of the last day of the sixty (60) month period following the last date of Participant’s active employment or the
Expiration Date. 
  

	 	(iv)	Death. Except as provided in paragraph 3 below, if the termination of Participant’s employment results from Participant’s death, then Participant’s estate, or
the person(s) to whom Participant’s rights under this Agreement pass by will or the laws of descent and distribution, will have the right to exercise the Option with respect to that portion of the Number of Shares for which the Option was
vested and exercisable on the date of Participant’s death and the remaining portion shall be cancelled. That right will continue until the earlier of the last day of the sixty (60) month period following Participant’s death or the
Expiration Date. 

  
 If Participant dies following
termination of employment and prior to the expiration of any remaining period during which the Option may be exercised in accordance with subparagraphs (i), (ii) or (iii) above, or paragraph 3, the remaining period during which the Option will be
exercisable (by Participant’s estate, or the person(s) to whom Participant’s rights under this Agreement pass by will or the laws of descent and distribution) will be the greater of (a) the remaining period under the applicable
subparagraph or paragraph referred to above, or (b) six (6) months from the date of death; provided that under no circumstances will the Option be exercisable after the Expiration Date. 
  

	3.	Change in Control. 

  

	 	(a)	If a Change in Control of the Company occurs while Participant is employed by the Company or a Subsidiary, then the entire Number of Shares represented by the Option which have not
yet been exercised will become immediately vested and exercisable. The Committee, in its discretion, may terminate the Option, provided that at least 30 days prior to the Change in Control, the Committee notifies the Participant that the Option will
be terminated and provides the Participant, at the election of the Committee, (i) the right to receive immediately a cash payment in an amount equal to the excess, if any, of (A) the Market Value per Share on the date preceding the date of
surrender, of the shares subject to the Option or portion of the Option surrendered, over (B) the aggregate purchase price for such Shares under the Option; or (ii) the right to exercise all Options (including the Options vested as a result of the
Change in Control) immediately prior to the Change in Control. 

  

	 	(b)	 If the Option remains outstanding after the Change in Control and if Participant’s employment with the Company or a Subsidiary terminates thereafter other than
as a result of a termination by the Company or a Subsidiary for Cause, then 



  

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Participant (or, if applicable, Participant’s estate or the person(s) to whom Participant’s rights under this Agreement pass by will or the laws of
descent and distribution) will have the right to exercise the Option. Except as provided in Section 2(e)(iv) above, that right may be exercised until the earlier of the last day of the sixty (60) month period following the termination of
Participant’s employment or the Expiration Date. 
  

	4.	Termination for Cause. For purposes of this Agreement, termination for “Cause” means termination as a result of (a) the willful and continued failure by Participant
to substantially perform his or her duties with the Company (other than a failure resulting from Participant’s incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Participant by his
or her superior officer which specifically identifies the manner the officer believes that Participant has not substantially performed his or her duties, or (b) Participant’s willful misconduct which materially injures the Company, monetarily
or otherwise. For purposes of this paragraph, Participant’s act, or failure to act, will not be considered “willful” unless the act or failure to act is not in good faith and without reasonable belief that his or her action or
omission was in the best interest of the Company. 

  

	5.	Cancellation and Rescission of Option. 

  

	 	(a)	If, at any time during the period that this Option is or may yet become exercisable in whole or in part, or at any time within six (6) months prior to, or after, Participant’s
termination of employment with the Company, a Participant engages in any “Detrimental Activity” (as defined in subsection (b) below), the Committee may, notwithstanding any other provision in this Agreement to the contrary, cancel,
rescind, suspend, withhold or otherwise restrict or limit this Option as of the first date the Participant engages in the Detrimental Activity, unless sooner terminated by operation of another term of this Agreement or any other agreement. Without
limiting the generality of the foregoing, Participant shall also pay to the Company any gain realized by the Participant from exercising all or any portion of the Option hereunder during a period beginning six (6) months prior to the date on which
Participant enters into such Detrimental Activity. 

  

	 	(b)	 For purposes of this Agreement, “Detrimental Activity” shall mean and include any of the following: (i) engaging in any commercial activity in competition
with any part of the business of the Company; (ii) diverting or attempting to divert from the Company business of any kind, including, without limitation, interference with any business relationship with suppliers, customers, licensees, licensors or
contractors; (iii) making, or causing or attempting to cause any other person to make, any statement, either written or oral, or conveying any information about the Company which is disparaging or which in any way reflects negatively upon the
Company; (iv) engaging in any other activity that is inimical, contrary or harmful to the interests of the Company, including influencing or advising any person who is employed by or in the service of the Company to leave such employment or service
to compete with the Company or to enter into the employment or service of any actual or prospective competitor of 



  

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the Company, or influencing or advising any competitor of the Company to employ or to otherwise engage the services of any person who is employed by the
Company or in the service of the Company, or improperly disclosing or otherwise misusing any confidential information regarding the Company; or (v) the refusal or failure of a Participant to provide, upon the request of the Company, a certification,
in a form satisfactory to the Company, that he or she is in full compliance with the terms and conditions of the Plan. 
  
 Should any provision of this Paragraph 5 be held to be invalid or illegal, such illegality shall not invalidate the whole of this Paragraph 5, but,
rather, the Plan shall be construed as if it did not contain the illegal part or narrowed to permit its enforcement, and the rights and obligations of the parties shall be construed and enforced accordingly. 
  

	6.	Fractional Shares. Fractional shares will not be issued, and when any provision of this Agreement otherwise would entitle Participant to receive a fractional share, that
fraction will be disregarded. 

  

	7.	No Right to Continued Employment. This Agreement does not give Participant any right to continued employment by the Company or a Subsidiary, and it will not interfere in any
way with the right of the Company or a Subsidiary to terminate Participant’s employment at any time. 

  

	8.	Adjustments in Capital Structure. The terms of this Option will be adjusted as the Committee determines in its sole discretion is equitably required to prevent dilution or
enlargement of the rights of Participant in accordance with Section 8 of the Plan. 

  

	9.	Governing Law. The Agreement is governed by the laws of the State of Georgia. 

  

	10.	Conflicts. If provisions of the Plan and the provisions of this Agreement conflict, the Plan provisions will govern. 

  

	11.	Participant Bound by Plan. Participant acknowledges receiving a summary of the Plan, which provides that upon request a copy of the Plan will be provided to the Participant
free of charge, and agrees to be bound by all the terms and provisions of the Plan. Capitalized terms used in this Agreement and not defined herein shall have the definitions given to them in the Plan. 

  

	12.	Binding Effect. Except as limited by the Plan or this Agreement, this Agreement is binding on and extends to the legatees, distributes, and personal representatives of
Participant and the successors of the Company. 

  

	13.	Taxes. Under procedures established by the Committee, the Company may withhold from Common Stock delivered to the Participant sufficient shares of Common Stock (valued as of
the Date of Exercise) to satisfy required federal, state and local withholding and employment taxes, or the Participant will pay or deliver to the Company cash or Common Stock (valued as of the Date of Exercise) in sufficient amounts to satisfy
these obligations. The Company shall not, however, withhold any amount in excess of the minimum required amount. 

  

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	14.	Transfer of Data. In order to effectively administer the Company’s global compensation and benefit programs, we may transfer personal data from your Company employment
file to a centralized repository controlled by the Company in the United States of America. Your personal data in the repository will be used solely for internal Company purposes. You may examine your employee information file should you wish to do
so. By signing this agreement, you provide your consent to this transfer and use of this data. 

  
 IN WITNESS WHEREOF, the undersigned duly authorized officer of the Company and Participant have signed this Agreement effective as of the Date of
Grant. 
  

					
	CERTEGY INC.	 	 	 	PARTICIPANT
	 	 	 	 	  
  

 Signature

	 	 	 	 	  
  

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