Document:

exv10w4

 

EXHIBIT 10.4

NONQUALIFIED STOCK OPTION AGREEMENT

UNDER THE ALLIANCE DATA SYSTEMS CORPORATION

2005 LONG-TERM INCENTIVE PLAN

     THIS AGREEMENT, made as of the [Day] day of [Month], YEAR, by and between Alliance Data
Systems Corporation (the “Company”) and [First] [Last] (the “Participant”) who is an employee of
the Company or one of its Affiliates.

W
I T N E S S E
T H:

     WHEREAS, pursuant to the Company’s 2005 Long-Term Incentive Plan (the “Plan”), the Company
desires to afford the Participant the opportunity to acquire, or enlarge, his ownership of the
Company’s common stock, $0.01 par value per share (“Stock”), so that he may have a direct
proprietary interest in the Company’s success.

     NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties
hereto hereby agree as follows:

     1. Grant of Option. Subject to the term and conditions set forth herein and in the Plan,
the Company hereby grants to the Participant, during the period commencing on the date of this
Agreement and ending on the close of business on the day of the tenth anniversary of the date
hereof (the “Termination Date”), the right and option (the “Option”) to purchase from the Company,
at a price of [Option Price] per share (the “Option Price”), an aggregate of [# Options] shares of
Stock (the “Option Shares”).

     2. Limitation on Exercise of Option. Subject to the terms and conditions set forth herein
and in the Plan, the Option will become exercisable 33% upon the day of the first anniversary of
grant; an additional 33% of the Option will become vested and exercisable on the day of the second
anniversary of the date of grant; and the final 34% of the Option will become vested and
exercisable on the day of the third anniversary of the date of grant provided,
that, the Participant is then employed by the Company or an Affiliate. Notwithstanding the
foregoing, subject to the limitations of the Plan, the Committee may accelerate the vesting and
exercisability of all or part of the Option at any time and for any reason.

     3. Termination of Employment. Upon termination of employment, the Option shall remain
exercisable as follows:

          (a) Upon termination of the Participant’s employment with the
Company and its Affiliates for any reason other than death, Disability, Retirement or
termination by the Company or an Affiliate for Cause, the Participant may exercise the
Option, but only to the extent the Option was exercisable immediately prior to such
termination of employment, until the earlier of the last day of the Option term or the
last day of the 30-day period following such termination of employment.

          (b) If a Participant terminates employment due to Retirement, the Participant may
exercise the Option, but only to the extent the Option was exercisable immediately prior to

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Retirement, until the earlier of the last day of the Option term or the last day of the one-year
period following Retirement.

          (c) Upon termination of the Participant’s employment with the Company and its Affiliates due
to death or Disability, the Participant may exercise the Option, but only to the extent the Option
was exercisable immediately prior to termination of employment, until the earlier of the last day
of the Option term or the last day of the one-year period following termination of employment.

          (d) Upon termination of a Participant’s employment with the Company and its Affiliates due to
Cause, the entire Option shall immediately be forfeited.

     4. Time and Method of Exercising Option. The Option, to the extent vested, may be
exercised, in whole or in part, by giving written notice of exercise to the Company specifying the
number of whole shares of Stock to be purchased. Such notice shall be accompanied by the payment
in full of the Option Price. Such payment shall be made either: (i) in cash at the time of
purchase; (ii) through such “cashless exercise” procedure that is acceptable to the Committee in
its full discretion, to the extent that such procedure does not violate the Sarbanes-Oxley Act of
2002 or any other applicable law; or (iii) subject to applicable law, in any other form of legal
consideration that may be acceptable to the Committee in its discretion. Notwithstanding the
provision herein or in the Plan, once granted, neither the exercise period nor the term of any
Option may be extended if such extension would cause the Option to be subject to excise tax under
Section 409A of the Internal Revenue
Code (“409A of the Code”). In addition, the timing of any payment shall also comply with 409A of
the Code.

     5. Issuance of Shares. Except as otherwise provided in the Plan, and subject to applicable
law, as promptly as practical after receipt of such written notification of exercise and full
payment of the Option Price and any required income tax withholding, the Company shall issue or
transfer to the Participant the number of Option Shares with respect to which Options have been so
exercised (less shares withheld in satisfaction of tax withholding obligations, if any), and shall
deliver to the Participant a certificate or certificates thereof, registered in the Participant’s
name.

     6. Company; Participant.

          (a) The
term “Company” as used in this Agreement with reference to employment shall
include the Company and its Affiliates, as appropriate.

          (b) Whenever the word “Participant” is used in any provision of this Agreement under
circumstances where the provision should logically be construed to apply to the beneficiaries, the
executors, the administrators, or the person or persons to whom the Options may be transferred by
will or by the laws of descent and distribution, the word “Participant” shall be deemed to include
such person or persons.

     7. Non-Transferability. The Option shall not be transferable by the Participant other
than by will or by the laws of descent and distribution or pursuant to a domestic relations order
(within the meaning of Rule 16a-12 promulgated under the Exchange Act) and the Option shall be
exercisable during the lifetime of the Participant only by the Participant or his guardian

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or legal representative. The terms of the Option shall be final, binding and conclusive upon the
beneficiaries, executors, administrators, heirs and successors of the Participant. Until the
Option has vested, shares subject to the Option shall not be sold, transferred or otherwise
disposed of, shall not be pledged or otherwise hypothecated, and shall not be subject to the claims
of creditors.

     8. Adjustments; Change in Control.

          (a) In the event that the Committee determines that any dividend or other distribution
(whether in the form of cash, Stock or other property), recapitalization, forward or reverse
split, reorganization, merger, consolidation, spin-off, combination, repurchase or exchange
of Stock or other securities, liquidation, dissolution, or other similar corporate
transaction or event, affects the Stock such that an adjustment is appropriate in order to
prevent dilution or enlargement of the rights of Participants under the Plan, then the
Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number
and kind of shares that may be issued in respect of outstanding Options and (ii) the exercise
price or purchase price relating to an Option. In addition, the Committee is authorized to
make adjustments in the terms and conditions of, and the criteria included in, Options in
recognition of unusual or nonrecurring events (including, without limitation, events
described in the preceding sentence) affecting the Company or any Affiliate or the financial
statements of the Company or any Affiliate or in response to changes in applicable laws,
regulations, or accounting principles. Notwithstanding the foregoing, no such adjustment
shall be authorized with respect to Options subject to Section 6(g) of the Plan to the extent
that such authority could cause such Options to fail to qualify as “qualified
performance-based compensation” under Section 162(m)(4)(C) of the Code.

          (b) In connection with a Change in Control, the Committee may, in its sole discretion,
accelerate the vesting with respect to any or all Options granted under the Plan and may require
that any and all vested Options be cancelled irrespective of whether the exercise price of such
Options is greater than the Fair Market Value of the shares covered by such Options. In the event of any such cancellation, if
the exercise price of such Option is less than the Fair Market Value of the shares covered by such
Options (the “Spread”), the Committee must provide either that (a) any such cancelled Options
shares or combination thereof be deemed automatically exercised or (b) the affected Participants
shall receive property, shares or a combination thereof, an amount equal to the value of the
Spread. If the Option is not assumed, substituted for an Award of equal value, or otherwise
continued after a Change in Control, the Option shall automatically vest prior to the Change in
Control at a time designated by the Committee. Notwithstanding the foregoing, no cancellation
pursuant to this provision shall be deemed an action that materially impairs the rights of any
Participant with respect to his Option and no Participant consent shall be required with respect to
the cancellation of any Option under this provision. Timing of any payment or delivery of shares
of Stock under this provision shall be subject to the 409A of the Code. Notwithstanding the
foregoing, no such adjustment shall be authorized with respect to Options subject to Section 6(g)
of the Plan to the extent that such authority could cause such Options to fail to qualify as
“qualified performance-based compensation” under Section 162(m)(4)(C) of the Code.

          (c) Notwithstanding any other provision contained herein to the contrary, all conditions and
restrictions relating to the Option, including limitations on exercisability, risks of

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forfeiture and conditions and restrictions requiring continued employment or the achievement of performance
objectives with respect to the exercisability of the Option, shall immediately lapse upon a
termination of employment or service by the Company without Cause or by a Participant for Good
Reason, within twelve months after a Change in Control, and the Option shall remain outstanding
until the earlier of the last day of the term of such Option, or the end of the last day of the
one-year period following such termination.

     9. Clawback. Notwithstanding anything in the Plan or this Agreement to the
contrary, in the event that the Participant breaches any nonsolicitation Agreement entered into
with, or while acting on behalf of, the Company or any Affiliate, the Committee may (a) cancel the
Option, in whole or in part, whether or not vested, and/or (b) if such conduct or activity occurs
within one year following the exercise or payment of the Option, require the Participant to repay
to the Company any gain realized or payment or shares received upon the exercise or payment of the
Option (with such gain, payment or shares valued as of the date of exercise or payment). Such
cancellation or repayment obligation shall be effective as of the date specified by the Committee.
Any repayment obligation may be satisfied in shares of Stock or cash or a combination thereof
(based upon the Fair Market Value of the shares of Stock on the date of repayment), and the
Committee may provide for an offset to any future payments owed by the Company or any Affiliate to
the Participant if necessary to satisfy the repayment obligation; provided,
however, that if any such offset is prohibited under applicable law, the Committee shall
not permit any offsets and may require immediate repayment by the Participant.

     10. Rights as Shareholder. The Participant or a transferee of the Options shall have
no rights as shareholder with respect to any Option Shares until he shall have become the holder of
record of such share, and no adjustment shall be made for dividends or distributions or other
rights in respect of such Option Shares for which the record date is prior to the date upon which
he shall become the holder of record thereof.

     11. Compliance with Law. Notwithstanding any of the provisions hereof, the
Participant hereby agrees that he will not exercise the Option, and that the Company will not be
obligated to issue or transfer any shares to the Participant hereunder, if the exercise hereof or
the issuance or transfer of such shares shall constitute a violation by the Participant or the
Company of any provisions of any law or regulation of any governmental authority. Any
determination in this connection by the Committee shall be final, binding and conclusive. The
Company shall in no event be obliged to register any securities pursuant to the Securities Act of
1933 (as now in effect or as hereafter amended) or to take any other affirmative action in order to
cause the exercise of the Options or the issuance or transfer of shares pursuant thereto to comply
with any law or regulation of any governmental authority.

     12. No Right to Continued Employment. Nothing in this Agreement or in the Plan shall
confer upon the Participant any right to continue in the employ of the Company or shall interfere
with or restrict in any way the rights of the Company, which are hereby expressly reserved, to
terminate the employment of the Participant at any time for any reason whatsoever, with or without
Cause. Participant acknowledges and agrees that the continued vesting of the Options granted
hereunder is premised upon his provision of future services with the Company and such Option shall
not accelerate upon his termination of employment for any reason unless specifically provided for
herein.

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     13. Taxes and Share Withholding. At such time as the Participant has taxable income
in connection with an Option (a “Taxable Event”), the Participant shall pay to the Company in cash
an amount equal to the minimum federal, state and local income taxes and other amounts as may be
required by law to be withheld by the Company in connection with the Taxable Event (the
“Withholding Taxes”).

     14. Notice. Every notice or other communication relating to this Agreement shall be
in writing, and shall be mailed to or delivered to the party for whom it is intended at such
address as may from time to time be designated by it in a notice mailed or delivered to the other
party as herein provided; provided, that, unless and until some other address be so
designated, all notices or communications by the Participant to the Company shall be mailed or
delivered to the Company at its principal executive office, and all notices or communications by
the Company to the Participant may be given to the Participant personally or may be mailed to him
at his address as recorded in the records of the Company. Notwithstanding the foregoing, at such
time as the Company institutes a policy for delivery of notice by e-mail, notice may be given in
accordance with such policy.

     15. Nonqualified Stock Option. The Option granted hereunder is not intended to be an
“incentive stock option” within the meaning of Section 422 of the Code (“ISO”).

     16. Binding Effect. Subject to Section 7 hereof, this Agreement shall be binding upon
the heirs, executors, administrators and successors of the parties hereto.

     17. Governing Law. This Agreement shall be construed and interpreted in accordance
with the laws of the State of Delaware without regard to its conflict of law principles.

     18. Plan. The terms and provisions of the Plan are incorporated herein by reference,
and the Participant hereby acknowledges receiving a copy of the Plan. In the event of a conflict
or inconsistency between the terms and provisions of the Plan and the provisions of this Agreement,
the Plan shall govern and control. All capitalized terms not defined herein shall have the meaning
ascribed to them as set forth in the Plan.

     19. Electronic Transmission. The Company reserves the right to deliver any
notice or Award by email in accordance with its policy or practice for electronic transmission and
any written Award or notice referred to herein or under the Plan may be given in accordance with
such electronic transmission policy or practice.

* * * * * *

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first
above written.

	 	 	 
	 

	 	ALLIANCE DATA SYSTEMS

CORPORATION
	 
	 	 
	 

	 	By:
	 

	 	
	 

	 	Dwayne H. Tucker

Executive Vice President
	 
	 	 
	 

	 	PARTICIPANT
	 
	 	 
	 

	 	 
	 

	 	[First] [Last]

6exv10w5

 

EXHIBIT 10.5

RESTRICTED STOCK AWARD AGREEMENT

UNDER THE ALLIANCE DATA SYSTEMS CORPORATION

2005 LONG-TERM INCENTIVE PLAN

     THIS RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”), made as of DATE (the “Grant Date”) by
and between Alliance Data Systems Corporation (the “Company”) and NAME (the “Participant”) who is
an employee of the Company or one of its Affiliates, evidences the grant by the Company of a stock
award of restricted shares (the “Award”) to the Participant and the Participant’s acceptance of the
Award in accordance with the provisions of the Alliance Data Systems Corporation 2005 Long-Term
Incentive Plan (the “Plan”). The Company and the Participant agree as follows:

     1. Basis for Award. The Award is made under the Plan pursuant to Section 6(e) thereof for
service rendered to the Company by the Participant.

     2. Stock Awarded.

          (a) The Company hereby awards to the Participant, in the aggregate, AMOUNT shares of
Restricted Stock which shall be subject to the conditions and restrictions set forth in the Plan
and this Agreement.

          (b) Shares of Restricted Stock shall be evidenced by a written or electronic book-entry form
with the Company’s transfer agent, subject to such stop-transfer orders and other terms deemed
appropriate by the Committee to reflect the restrictions applicable to such Award. Notwithstanding
the foregoing, if any certificate is issued in respect of shares of Restricted Stock at the sole
discretion of the Committee, such certificate shall be registered in the name of the Participant
and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable
to such award, substantially in the following form:

“THE TRANSFERABILITY OF THIS CERTIFICATE AND THE COMMON STOCK REPRESENTED HEREBY ARE
SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE) CONTAINED IN THE RESTRICTED
STOCK AWARD AGREEMENT DATED AS OF DATE, ENTERED INTO BETWEEN THE REGISTERED OWNER AND
ALLIANCE DATA SYSTEMS CORPORATION.”

     If a certificate is issued with respect to the Restricted Stock, the Committee may require that the
certificate evidencing such shares be held in custody by the Company until the restrictions thereon
shall have lapsed and that the Participant shall have delivered a stock power, endorsed in blank,
relating to the shares covered by such Award. At the expiration of the restrictions, the Company
shall instruct the transfer agent to release the shares from the restrictions applicable to such
Award, subject to the terms of the Plan and applicable law or, in the event that a certificate has
been issued, redeliver to the Participant (or his or her legal representative, beneficiary or heir)
share certificates for the shares deposited with it without any legend except as otherwise provided
by the Plan, this Agreement or applicable law. During the period that the Participant holds the
shares of Restricted Stock, the Participant shall have the

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right to receive dividends on and to
vote the Restricted Stock while it is subject to restriction, except as otherwise provided by the
Plan. If the Award is forfeited, in whole or in part, the Participant will assign, transfer and
deliver any evidence of the shares of Restricted Stock to the Company and cooperate with the
Company to reflect such forfeiture. By accepting this Award, the Participant acknowledges that the
Company does not have an adequate remedy in damages for the breach by the Participant of the
conditions and covenants set forth in this Agreement and agrees that the Company is entitled to and
may obtain an order or a decree of specific performance against the Participant issued by any court
having jurisdiction.

     (c) Except as provided in the Plan or this Agreement, the restrictions on the Restricted
Stock are that prior to vesting as provided in Section 3 of this Agreement, the shares will be
forfeited by the Participant and all of the Participant’s rights to such stock shall immediately
terminate without any payment or consideration by the Company, in the event of a Participant’s
termination of employment as provided in Section 4 below or any sale, assignment, transfer,
hypothecation, pledge or other alienation of such Restricted Stock made or attempted, whether
voluntary or involuntary, and if involuntary whether by process of law in any civil or criminal
suit, action or proceeding, whether in the nature of an insolvency or bankruptcy proceeding or
otherwise .

     3. Vesting. Subject to Sections 2 and 4 of this Agreement, the restrictions will
lapse with respect to 33% of the Award upon the day of the first anniversary of grant; an
additional 33% of the Award will become vested on the day of the second anniversary of the date of
grant; and the final 34% of the Award will become vested on the day of the third anniversary of the date of grant; provided, that, the
Participant is then employed by the Company or an Affiliate. Notwithstanding the foregoing,
subject to the limitations of the Plan, the Committee may accelerate the vesting of all or part of
the Award at any time and for any reason.

     4. Termination of Employment.

          (a) Unless otherwise determined by the Committee at time of grant or thereafter or as
otherwise provided in the Plan, any unvested portion of any outstanding Award held by a Participant
at the time of termination of employment or other service will be forfeited upon such termination.

          (b) Upon termination of a Participant’s employment or other service with the Company and its
Affiliates due to Cause, a Participant’s Award shall immediately be forfeited.

     5. Company; Participant.

          (a) The term “Company” as used in this Agreement with reference to employment shall
include the Company and its Affiliates, as appropriate.

          (b) Whenever the word “Participant” is used in any provision of this Agreement under
circumstances where the provision should logically be construed to apply to the beneficiaries, the
executors, the administrators, or the person or persons to whom the Restricted Stock may be
transferred by will or by the laws of descent and distribution, the word “Participant” shall be
deemed to include such person or persons.

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     6. Adjustments; Change in Control.

          (a) In the event that the Committee determines that any dividend or other distribution
(whether in the form of cash, Stock or other property), recapitalization, forward or reverse split,
reorganization, merger, consolidation, spin-off, combination, repurchase or exchange of Stock or
other securities, liquidation, dissolution, or other similar corporate transaction or event,
affects the Stock such that an adjustment is appropriate in order to prevent dilution or
enlargement of the rights of Participants under the Plan, then the Committee shall, in such manner
as it may deem equitable, adjust any or all of (i) the number and kind of shares of outstanding
Restricted Stock in connection with which shares have been issued, (ii) the number and kind of
shares that may be issued in respect of Restricted Stock and (iii) the purchase price relating to
any Restricted Stock Award. In addition, the Committee is authorized to make adjustments in the
terms and conditions of, and the criteria included in, Awards in recognition of unusual or
nonrecurring events (including, without limitation, events described in the preceding sentence)
affecting the Company or any Affiliate or the financial statements of the Company or any Affiliate
or in response to changes in applicable laws, regulations, or accounting principles.
Notwithstanding the foregoing, no such adjustment shall be authorized with respect to Awards
subject to Section 6(g) of the Plan to the extent that such authority could cause such Awards to
fail to qualify as “qualified performance-based compensation” under Section 162(m)(4)(C) of the
Code.

          (b) In connection with a Change in Control, the Committee may, in its sole discretion,
accelerate the vesting and/or the lapse of restrictions with respect to the Award. If the Award is
not assumed, substituted for an award of equal value, or otherwise continued after a Change in
Control, the Award shall automatically vest or the restrictions with respect to such Award shall
lapse prior to the Change in Control at a time designated by the Committee. Timing of any payment
or delivery of shares of Stock under this provision shall be subject to the 409A of the Code.

          (c) All conditions and restrictions relating to the Restricted Stock, including limitations on
exercisability, risks of forfeiture and conditions and restrictions requiring continued employment,
shall immediately lapse upon a termination of employment by the Company without Cause or by a
Participant for Good Reason, within twelve months after a Change in Control.

     7. Clawback. Notwithstanding anything in the Plan or this Agreement to the
contrary, in the event that the Participant breaches any nonsolicitation agreement entered into
with, or while acting on behalf of, the Company or any Affiliate, the Committee may (a) cancel the
Award, in whole or in part, whether or not vested, and/or (b) if such conduct or activity occurs
within one year following the lapse of restrictions with respect to the Award, require the
Participant to repay to the Company any shares received upon the lapse of the restrictions with
respect to the Award (with such shares valued as of the date of the lapse of restrictions). Such
cancellation or repayment obligation shall be effective as of the date specified by the Committee.
Any repayment obligation may be satisfied in shares of Stock or cash or a combination thereof
(based upon the Fair Market Value of the shares of Stock on the date of repayment), and the
Committee may provide for an offset to any future payments owed by the Company or any Affiliate to
the Participant if necessary to satisfy the repayment obligation; provided,
however,

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that if any such offset is prohibited under applicable law, the Committee shall
not permit any offsets and may require immediate repayment by the Participant.

     8. Compliance with Law. Notwithstanding any of the provisions hereof, the Company
will not be obligated to issue or transfer any Stock to the Participant hereunder, if the exercise
thereof or the issuance or transfer of such Stock shall constitute a violation by the Participant
or the Company of any provisions of any law or regulation of any governmental authority. Any
determination in this connection by the Committee shall be final, binding and conclusive. The
Company shall in no event be obliged to register any securities pursuant to the Securities Act of
1933 (as now in effect or as hereafter amended) or to take any other affirmative action in order to
cause the issuance or transfer of Stock pursuant thereto to comply with any law or regulation of
any governmental authority.

     9. No Right to Continued Employment. Nothing in this Agreement or in the Plan shall
confer upon the Participant any right to continue in the employ of the Company or shall interfere
with or restrict in any way the rights of the Company, which are hereby expressly reserved, to
discharge the Participant at any time for any reason whatsoever, with or without Cause.
Participant acknowledges and agrees that the continued vesting of the Restricted Stock granted
hereunder is premised upon his or her provision of future services with the Company and such
Restricted Stock shall not accelerate upon his termination of employment for any reason unless
specifically provided for herein.

     10. Representations and Warranties of Participant. The Participant represents and
warrants to the Company that:

     (a) Agrees to Terms of the Plan. The Participant has received a copy of the Plan and
has read and understands the terms of the Plan and this Agreement, and agrees to be bound by their
terms and conditions. In the event of a conflict or inconsistency between the terms and provisions
of the Plan and the provisions of this Agreement, the Plan shall govern and control. All
capitalized terms not defined herein shall have the meaning ascribed to them as set forth in the
Plan. The Participant acknowledges that there may be adverse tax consequences upon the vesting of
Restricted Stock or disposition of the shares of Stock once vested, and that the Participant should
consult a tax adviser prior to such time.

     (b) Cooperation. The Participant agrees to sign such additional documentation as may
reasonably be required from time to time by the Company.

     11. Taxes and Share Withholding. At such time as the Participant has taxable income
in connection with an Award (a “Taxable Event”), the Company will require the withholding of a
portion of shares then issusable to the Participant having an aggregate Fair Market Value equal to,
but not in excess an amount equal to, the minimum federal, state and local income taxes and other
amounts as may be required by law to be withheld by the Company in connection with the Taxable
Event.

     12. Notice. Every notice or other communication relating to this Agreement shall be
in writing, and shall be mailed to or delivered to the party for whom it is intended at such
address

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as may from time to time be designated by it in a notice mailed or delivered to the other
party as herein provided; provided, that, unless and until some other address be so
designated, all notices or communications by the Participant to the Company shall be mailed or
delivered to the Company at its principal executive office, and all notices or communications by
the Company to the Participant may be given to the Participant personally or may be mailed to him
or her at his or her address as recorded in the records of the Company. Notwithstanding the
foregoing, at such time as the Company institutes a policy for delivery of notice by e-mail, notice
may be given in accordance with such policy.

     13. Dividends. Any dividends that may be paid on Restricted Stock shall be either
paid at the dividend payment date in shares of unrestricted stock having a Fair Market Value equal
to the amount of such dividends, or subject to Section 409A of the Internal Revenue Code (“Section
409A”) , the payment of such dividends shall be deferred and/or the amount or value thereof
automatically reinvested in additional Restricted Stock, other Awards, or other investment
vehicles, as the Committee shall determine or permit the Participant to elect. Stock split or
Stock dividends, and other property distributed as a dividend, shall be subject to restrictions and
the risk of forfeiture to the same extent as the Restricted Stock with respect to which Stock or
other property has been distributed, unless otherwise determined by the Committee.

     14. Governing Law. This Agreement shall be construed and interpreted in accordance
with the laws of the State of Delaware without regard to its conflict of law principles.

     15. Electronic Transmission. The Company reserves the right to deliver any
notice or Award by email in accordance with its policy or practice for electronic transmission and
any written Award or notice referred to herein or under the Plan may be given in accordance with
such electronic transmission policy or practice.

* * * * * *

5

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written.

	 	 	 
	 

	 	ALLIANCE DATA SYSTEMS

CORPORATION
	 
	 	 
	 

	 	By:
	 

	 	
	 

	 	Dwayne H. Tucker

Executive Vice President
	 
	 	 
	 

	 	PARTICIPANT
	 
	 

	 	 
	 

	 	NAME

6

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