Document:

Exhibit 10.6

Exhibit 10.6

Name:

Number of Shares:

Price per Share:

Date of Grant:

SunGard Capital Corp.

Management Non-Qualified Time-Based Class A Option Agreement

THIS AWARD AND ANY SECURITIES ISSUED UPON EXERCISE OF THIS OPTION
ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND
REQUIREMENTS OF SALE AND OTHER PROVISIONS AS SET FORTH IN THE
STOCKHOLDERS AGREEMENT AMONG SUNGARD CAPITAL CORP., SUNGARD
CAPITAL CORP. II, SUNGARD HOLDING CORP., SOLAR CAPITAL CORP. AND
CERTAIN STOCKHOLDERS OF SUNGARD CAPITAL CORP. AND SUNGARD
CAPITAL CORP. II, DATED AS OF AUGUST 10, 2005 (AS IN EFFECT FROM TIME
TO TIME, THE “STOCKHOLDERS AGREEMENT”).

SUNGARD CAPITAL CORP. STRONGLY ENCOURAGES YOU TO SEEK THE
ADVICE OF YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO
YOUR AWARD AND ITS TAX CONSEQUENCES.

This agreement (the “Agreement”) evidences a stock option granted by SunGard Capital
Corp., a Delaware corporation (the “Company”), to the undersigned (the
“Optionee”), pursuant to, and subject to the terms of, the SunGard 2005 Management
Incentive Plan (as amended from time to time, the “Plan”) which is incorporated herein by
reference and of which the Optionee hereby acknowledges receipt.

1. Grant of Option. The Company grants to the Optionee, as of the above Date of Grant,
an option (the “Option”) to purchase, in whole or in part, on the terms provided herein and
in the Plan, that total number of Class A Common shares as set forth in Schedule A (the
“Shares”) at the above Price per Share. The Option will vest and become exercisable in
accordance with Section 3 below.

The Option evidenced by this Agreement is intended to be a non-qualified option and is granted
to the Optionee in an Employment capacity as an employee.

2. Meaning of Certain Terms. Except as otherwise defined herein, all capitalized
terms used in this Agreement shall have the same meaning as in the Plan. The terms “Change of
Control,” “Disability” and “Fair Market Value” shall have the same meaning as
set forth in the Stockholders Agreement without regard to any subsequent amendment thereof. The
following terms shall have the following meanings:

	 	(a)	 	“Date of Termination” means the date that the termination of Optionee’s
Employment with Employer is effective on account of Optionee’s death, Optionee’s
Disability, termination by Employer for Cause or without Cause, or by Optionee, as the
case may be;

May 2010 Form US

 

 

 

	 	(b)	 	“Employer” means the Company or, as the case may be, its Affiliate with
whom the Optionee has entered into an Employment relationship;

	 	(c)	 	“Family Member” means, with respect to Optionee, any child, stepchild,
grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece,
nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or
sister-in-law, including adoptive relationships, any person sharing the Optionee’s
household (other than a tenant or employee), a trust in which one or more of these
persons have more than fifty percent of the beneficial interest, a foundation in which
one or more of these persons (or Optionee) control the management of assets, or any
other entity in which one or more of these persons (or Optionee) own more than fifty
percent of the voting interests; and

	 	(d)	 	“Restrictive Covenant” means any of the restrictive covenants set forth
in Exhibit A, which is incorporated herein by reference.

As used herein with respect to the Option, the term “vest” means to become exercisable in
whole or in specified part.

3. Vesting of Option. The Option shall vest in accordance with Schedule A; provided,
however, that:

	 	(a)	 	upon the Optionee’s Employment being terminated involuntarily within six months
following a Change of Control other than for Cause, the Option shall become fully
vested;

	 	(b)	 	if the Optionee’s Employment terminates without or prior to a Change of Control
as a result of (i) termination of the Optionee by Employer without Cause, (ii)
resignation by the Optionee or (iii) the Optionee’s Disability or death, then the
Option shall immediately stop vesting; and

	 	(c)	 	if the Optionee’s Employment terminates as a result of termination by Employer
for Cause, then the Option will be immediately forfeited by the Optionee and terminate
as of the Date of Termination.

 

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4. Exercise of Option.

	 	(a)	 	In General. The latest date on which this Option may be exercised is
ten years from the Date of Grant (the “Final Exercise Date”). Each election to
exercise this Option shall be subject to the terms and conditions of the Plan and shall
be in writing, signed by the Optionee or by his or her executor, administrator, or
permitted transferee (subject to any restrictions provided under the Plan and the
Stockholders Agreement), made pursuant to and in accordance with the terms and
conditions set forth in the Plan and received by the Company at its principal offices,
accompanied by payment in full as provided in the Plan. The purchase price may be paid
by delivery of cash or check acceptable to the Administrator or, in case of an exercise
on the Final Exercise Date, or a termination of Employment without Cause or as a result
of the Optionee’s Disability or death, if and to the
extent permitted by the Code (including Section 409A thereof) and if such exercise
would not adversely affect the Company’s results of operations under Generally
Accepted Accounting Principles, by means of withholding of Shares subject to the
Option with an aggregate Fair Market Value equal to (i) the aggregate exercise price
and (ii) if commercially reasonable for the Company to so permit (taking into
account its cash position in light of any contractual or legal restrictions) minimum
statutory withholding taxes with respect to such exercise, or by such other method
provided under the Plan and explicitly approved by the Administrator. In the event
that this Option is exercised by a person other than the Optionee, the Company will
be under no obligation to deliver Shares hereunder unless and until it is satisfied
as to the authority of the Option Holder to exercise this Option.

	 	(b)	 	Time To Exercise. The Option must be exercised no later than the Final
Exercise date, and if not exercised by such date, will thereupon terminate. The Option
must also be exercised by the termination of the Optionee’s Employment and, if not
exercised by such date, will thereupon terminate, provided that, upon termination of
the Optionee’s Employment (i) by Employer without Cause, (ii) by resignation by the
Optionee, or (iii) as a result of a Disability or death, the Option will remain
exercisable until the earlier of the 90th day after the Date of Termination
(or the one-year anniversary thereof in the case of a termination resulting from
Disability or death) or the Final Exercise Date, and will thereupon terminate.

5. Certain Calls and Puts. The Options granted hereunder and the related Shares are
subject to the call and put rights contained in Section 6 of the Stockholders Agreement, except
that such put rights shall be granted only if and to the extent permitted by the Code (including
Section 409A thereof); provided, however, that the call rights contained in Section 6 of the
Stockholders Agreement shall not apply in the event of a termination resulting from Disability or
death.

6. Share Restrictions, Other Plans, etc. Except as expressly provided herein, the
Optionee’s rights hereunder and with respect to Shares received upon exercise are subject to the
restrictions and other provisions contained in the Stockholders Agreement. For the avoidance of
doubt, the SunGard Capital Corp. and SunGard Capital Corp. II Dividend Rights Plan shall not apply
to this Option.

 

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7. Forfeiture. Upon exercise, payment or delivery pursuant to this Option, Optionee
shall certify on a form acceptable to the Committee that Optionee is in compliance with the
Restrictive Covenants and all other agreements between Optionee and the Company or any of its
Affiliates. If the Company determines that Optionee is not in compliance with one or more of the
Restrictive Covenants or with the provisions of any agreement between Optionee and the Company or
any of its Affiliates, and such non-compliance has not been authorized in advance in a specific
written waiver from the Company, the Committee may cancel any unexercised portion. The Company
shall also have the following (and only the following) additional remedies:

	 	(a)	 	During the six months after any exercise, payment or delivery of shares
pursuant to this Option, such exercise, payment or delivery may be rescinded at the
Company’s option if Optionee fails to comply in any material respect with the terms of
the Restrictive Covenants or of any other agreement with the Company or any of its
Affiliates or if Optionee breaches any duty to the Company or any of its Affiliates.
The Company shall notify Optionee in writing of any such rescission within one year
after such exercise, payment or delivery. Within ten days after receiving such a
notice from the Company, Optionee shall remit or deliver to the Company (i) the amount
of any gain realized upon the sale of any Shares acquired upon the exercise of this
Option, (ii) any consideration received upon the exchange of any Shares acquired upon
the exercise of this Option (or the extent that such consideration was not received in
the form of cash, the cash equivalent thereof valued of the time of the exchange) and
(iii) the number of Shares received in connection with the rescinded exercise.

	 	(b)	 	The Company shall have the right to offset, against any Shares and any cash
amounts due to Optionee under or by reason of Optionee’s holding this Option, any
amounts to which the Company is entitled as a result of Optionee’s violation of the
Restrictive Covenants or of any other agreement with the Company or any of its
Affiliates or Optionee’s breach of any duty to the Company or any of its Affiliates.
Accordingly, Optionee acknowledges that (i) the Company may delay exercise of this
Option or withhold delivery of Shares, (ii) the Company may place the proceeds of any
sale or other disposition of Shares in an escrow account of the Company’s choosing
pending resolution of any dispute with the Company or any of its Affiliates, and (iii)
the Company has no liability for any attendant market risk caused by any such delay,
withholding, or escrow.

Optionee acknowledges and agrees that the calculation of damages from a breach of any of the
Restrictive Covenants or of any other agreement with the Company or any of its Affiliates or of any
duty to the Company or any of its Affiliates would be difficult to calculate accurately and that
the right to offset or other remedy provided for herein is reasonable and not a penalty. Optionee
further agrees not to challenge the reasonableness of such provisions even where the Company
rescinds, delays, withholds or escrows Shares or proceeds or uses those Shares or proceeds as a
setoff.

8. Legends, etc. Shares issued upon exercise shall bear such legends as may be
required or provided for under the terms of the Stockholders Agreement.

9. Transfer of Option. This Option may only be transferred by the laws of descent and
distribution, to a legal representative in the event of the Optionee’s incapacity, or to a Family
Member with the consent of the Compensation Committee of the Board, such consent not to be
unreasonably withheld.

 

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10. Withholding. The exercise of the Option will give rise to “wages” or other
compensation income subject to withholding. The Optionee expressly acknowledges and agrees that
the Optionee’s rights hereunder, including the right to be issued Shares upon exercise, are subject
to the Optionee promptly paying to the Company in cash (or by such other means as may
be acceptable to the Administrator in its discretion) all taxes required to be withheld. The
Optionee also authorizes the Company and its subsidiaries to withhold such amount from any amounts
otherwise owed to the Optionee and the Company may so withhold as provided in Section 4(a) above.

11. Effect on Employment. Neither the grant of this Option, nor the issuance of
Shares upon exercise of this Option, shall give the Optionee any right to be retained in the employ
of the Company or any of its Affiliates, affect the right of the Company or any of its Affiliates
to discharge or discipline such Optionee at any time, or affect any right of such Optionee to
terminate his or her Employment at any time.

12. Governing Law. This Agreement and all claims arising out of or based upon this
Agreement or relating to the subject matter hereof shall be governed by and construed in accordance
with the domestic substantive laws of the State of Delaware without giving effect to any choice or
conflict of laws provision or rule that would cause the application of the domestic substantive
laws of any other jurisdiction.

13. Amendment. In addition to the authority to make adjustments pursuant to Section
7(b) of the Plan, the Administrator may modify the terms of this Option as the Administrator deems
appropriate, in good faith, to take account of a change in circumstances occasioned by a stock
dividend or other similar distribution (whether in the form of stock, other securities or other
property), stock split or combination of shares (including a reverse stock split),
recapitalization, conversion, reorganization, consolidation, split-up, spin-off, combination,
merger, exchange of stock, redemption or repurchase of all or part of the shares of any class of
stock or any change in the capital structure of the Company or an Affiliate or other transaction or
event, including the power to adjust the performance goals that are affected by such a transaction.

[SIGNATURE PAGE FOLLOWS]

 

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By acceptance of this Option, the undersigned agrees hereby to become a party to, and be bound by
the terms of, the Stockholders Agreement as a “Manager” as defined therein.

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp.	 	SUNGARD CAPITAL CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Optionee

I acknowledge that I have received a copy of this Agreement and certain related information,
and that I have read and understood these documents. I accept and agree to all of the provisions
of this Agreement.

	 	 	 	 	 
	 

	 	 

Template
	 	 

 

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Schedule A

Vesting Schedule

Option for 25% of the total number of Shares is exercisable on the first anniversary of the Date of
Grant (“Initial Vesting Date”); and

Option for the remaining 75% of the total number of Shares is exercisable in equal monthly
installments over the 48 months following the Initial Vesting Date starting with the first monthly
anniversary of the Initial Vesting Date.

 

 

 

Exhibit A

Restrictive Covenants

1. Optionee will not render services for any organization or engage directly or indirectly in
any business which, in the judgment and sole determination of the Chief Executive Officer of the
Company or another senior officer designated by the Committee, is or becomes competitive with the
Company, or which organization or business, or the rendering of services to such organization or
business, is or becomes otherwise prejudicial to or in conflict with the interests of the Company.
If Optionee’s employment or other service with the Company has terminated, the judgment of the
Chief Executive Officer or other designated officer will be based on Optionee’s position and
responsibilities while employed by the Company, Optionee’s post-employment responsibilities and
position with the other organization or business, the extent of past, current and potential
competition or conflict between the Company and the other organization or business, the effect on
the Company’s customers, suppliers, employees and competitors of Optionee’s assuming the
post-employment position and such other considerations as are deemed relevant given the applicable
facts and circumstances.

2. Optionee will not disclose to anyone outside the Company, or use other than in the
Company’s business, any confidential or proprietary information or material relating to the
business of the Company, acquired by Optionee either during or after employment with the Company.
Optionee understands that the Company’s proprietary and confidential information includes, by way
of example: (a) the identity of customers and prospects, their specific requirements, and the
names, addresses and telephone numbers of individual contacts; (b) prices, renewal dates and other
detailed terms of customer and supplier contracts and proposals; (c) pricing policies, information
about costs, profits and sales, methods of delivering software and services, marketing and sales
strategies, and software and service development strategies; (d) source code, object code,
specifications, user manuals, technical manuals and other documentation for software products; (e)
screen designs, report designs and other designs, concepts and visual expressions for software
products; (f) employment and payroll records; (g) forecasts, budgets, acquisition models and other
non-public financial information; and (h) expansion plans, business or development plans,
management policies, information about possible acquisitions or divestitures, potential new
products, markets or market extensions, and other business and acquisition strategies and policies.

3. Optionee will promptly communicate to the Company, in writing, all marketing strategies,
product ideas, software designs and concepts, software enhancement and improvement ideas, and other
ideas and inventions (collectively, “works and ideas”) pertaining to the Company’s business,
whether or not patentable or copyrightable, that are made, written, developed, or conceived by
Optionee, alone or with others, at any time (during or after business hours) while Optionee is
employed by the Company or during the three months after Optionee’s employment terminates.
Optionee understands that all of those works and ideas will be the Company’s exclusive property,
and by accepting this Option Optionee assigns and agrees to assign all Optionee’s right, title and
interest in those works and ideas to the Company. Optionee will sign all documents which the
Company deems necessary to confirm its ownership of those works and ideas, and Optionee will
cooperate fully with the Company to allow the Company to take full advantage of those works and
ideas, including the securing of patent and/or copyright protection and/or other similar rights in
the United States and in foreign countries.

4. Optionee will not solicit or contact at any time, directly or through others, for the
purpose or with the effect of competing or interfering with or harming any part of the Company’s
business: (a) any customer or acquisition target under contract with the Company at any time
during the last two years of Optionee’s employment with the Company; (b) any prospective customer
or acquisition target that received or requested a proposal, offer or letter of intent from the
Company at any time during the last two years of Optionee’s employment with the Company; (c) any
affiliate of any such customer or prospect; (d) any of the individual contacts established by the
Company or Optionee or others at the Company during the period of Optionee’s employment with the
Company; or (e) any individual who is an employee or independent contractor of the Company at the
time of the solicitation or contact or who has been an employee or independent contractor within
three months before such solicitation or contact.

 

 

 

Name:

Number of Shares:

Price per Share:

Date of Grant:

SunGard Capital Corp.

Management Non-Qualified Time-Based Class A Option Agreement

THIS AWARD AND ANY SECURITIES ISSUED UPON EXERCISE OF THIS OPTION
ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND
REQUIREMENTS OF SALE AND OTHER PROVISIONS AS SET FORTH IN THE
STOCKHOLDERS AGREEMENT AMONG SUNGARD CAPITAL CORP., SUNGARD
CAPITAL CORP. II, SUNGARD HOLDING CORP., SOLAR CAPITAL CORP. AND
CERTAIN STOCKHOLDERS OF SUNGARD CAPITAL CORP. AND SUNGARD
CAPITAL CORP. II, DATED AS OF AUGUST 10, 2005 (AS IN EFFECT FROM TIME
TO TIME, THE “STOCKHOLDERS AGREEMENT”).

SUNGARD CAPITAL CORP. STRONGLY ENCOURAGES YOU TO SEEK THE
ADVICE OF YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO
YOUR AWARD AND ITS TAX CONSEQUENCES.

This agreement (the “Agreement”) evidences a stock option granted by SunGard Capital
Corp., a Delaware corporation (the “Company”), to the undersigned (the
“Optionee”), pursuant to, and subject to the terms of, the SunGard 2005 Management
Incentive Plan (as amended from time to time, the “Plan”) which is incorporated herein by
reference and of which the Optionee hereby acknowledges receipt.

1. Grant of Option. The Company grants to the Optionee as of the above Date of Grant,
an option (the “Option”) to purchase, in whole or in part, on the terms provided herein and
in the Plan, that total number of Class A Common shares as set forth in Schedule A (the
“Shares”) at the above Price per Share. The Option will vest and become exercisable in
accordance with Section 3 below.

The Option evidenced by this Agreement is intended to be a non-qualified option and is granted
to the Optionee in an Employment capacity as an employee.

2. Meaning of Certain Terms. Except as otherwise defined herein, all capitalized
terms used in this Agreement shall have the same meaning as in the Plan. The terms “Change of
Control,” “Disability” and “Fair Market Value” shall have the same meaning as
set forth in the Stockholders Agreement without regard to any subsequent amendment thereof. The
following terms shall have the following meanings:

	 	(a)	 	“Date of Termination” means the date that the termination of Optionee’s
Employment with Employer is effective on account of Optionee’s death, Optionee’s
Disability, termination by Employer for Cause or without Cause, or by Optionee, as the
case may be;

May 2010 Form International

 

 

 

	 	(b)	 	“Employer” means the Company or, as the case may be, its Affiliate with
whom the Optionee has entered into an Employment relationship;

	 	(c)	 	“Restrictive Covenant” means any of the restrictive covenants set forth
in Exhibit A, which is incorporated herein by reference; and

	 	(d)	 	“Withholding Taxes” means any income tax, social insurance, payroll
tax, contributions, payment on account obligations or other payments required to be
withheld by the Employer.

As used herein with respect to the Option, the term “vest” means to become exercisable in
whole or in specified part.

3. Vesting of Option. The Option shall vest in accordance with Schedule A; provided,
however, that:

	 	(a)	 	upon the Optionee’s Employment being terminated involuntarily within six months
following a Change of Control other than for Cause, the Option shall become fully
vested;

	 	(b)	 	if the Optionee’s Employment terminates without or prior to a Change of Control
as a result of (i) termination of the Optionee by Employer without Cause, (ii)
resignation by the Optionee or (iii) the Optionee’s Disability or death, then the
Option shall immediately stop vesting; and

	 	(c)	 	if the Optionee’s Employment terminates as a result of termination by Employer
for Cause, then the Option will be immediately forfeited by the Optionee and terminate
as of the Date of Termination.

4. Exercise of Option.

	 	(a)	 	In General. The latest date on which this Option may be exercised is
ten years from the Date of Grant (the “Final Exercise Date”). Each election to
exercise this Option shall be subject to the terms and conditions of the Plan and shall
be in writing, signed by the Optionee or by his or her executor, administrator, or
permitted transferee (subject to any restrictions provided under the Plan and the
Stockholders Agreement), made pursuant to and in accordance with the terms and
conditions set forth in the Plan and received by the Companies at their principal
offices, accompanied by payment in full as provided in the Plan. The purchase price
may be paid by delivery of cash or check acceptable to the Administrator or, in case of
an exercise on the Final Exercise Date, or a termination of Employment without Cause or
as a result of the Optionee’s Disability or death, if and to the extent permitted by
the Code (including Section 409A thereof) and if such exercise would not adversely
affect any of the Companies’ results of operations under Generally Accepted Accounting
Principles, by means of withholding of Shares subject to the Option with an aggregate
Fair Market Value equal to (i) the aggregate exercise price and (ii) if commercially
reasonable for the Company to so permit (taking into account its cash position in light
of any contractual or legal
restrictions) minimum statutory Withholding Taxes with respect to such exercise, or
by such other method provided under the Plan and explicitly approved by the
Administrator. To the extent that Shares are withheld to cover the exercise price
or Withholding Taxes in accordance with the preceding sentence, those Shares will
not be issued to the Optionee. In the event that this Option is exercised by a
person other than the Optionee, the Companies will be under no obligation to deliver
Shares hereunder unless and until it is satisfied as to the authority of the Option
Holder to exercise this Option.

 

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	 	(b)	 	Time To Exercise. The Option must be exercised no later than the Final
Exercise date, and if not exercised by such date, will thereupon terminate. The Option
must also be exercised by the termination of the Optionee’s Employment and, if not
exercised by such date, will thereupon terminate, provided that, upon termination of
the Optionee’s Employment (i) by Employer without Cause, (ii) by resignation by the
Optionee, or (iii) as a result of a Disability or death, the Option will remain
exercisable until the earlier of the 90th day after the Date of Termination
(or the one-year anniversary thereof in the case of a termination resulting from
Disability or death) or the Final Exercise Date, and will thereupon terminate.

5. Certain Calls and Puts. The Options granted hereunder and the related Shares are
subject to the call and put rights contained in Section 6 of the Stockholders Agreement, except
that such put rights shall be granted only if and to the extent permitted by the Code (including
Section 409A thereof); provided, however, that the call rights contained in Section 6 of the
Stockholders Agreement shall not apply in the event of a termination resulting from Disability or
death.

6. Share Restrictions, etc. Except as expressly provided herein, the Optionee’s
rights hereunder and with respect to Shares received upon exercise are subject to the restrictions
and other provisions contained in the Stockholders Agreement. For the avoidance of doubt, the
SunGard Capital Corp. and SunGard Capital Corp. II Dividend Rights Plan shall not apply to this
Option.

7. Forfeiture. Upon exercise, payment or delivery pursuant to this Option, Optionee
shall certify on a form acceptable to the Committee that Optionee is in compliance with the
Restrictive Covenants and all other agreements between Optionee and the Company or any of its
Affiliates. If the Company determines that Optionee is not in compliance with one or more of the
Restrictive Covenants or with the provisions of any agreement between Optionee and the Company or
any of its Affiliates, and such non-compliance has not been authorized in advance in a specific
written waiver from the Company, the Committee may cancel any unexercised portion. The Company
shall also have the following (and only the following) additional remedies:

	 	(a)	 	During the six months after any exercise, payment or delivery of shares
pursuant to this Option, such exercise, payment or delivery may be rescinded at the
Company’s option if Optionee fails to comply in any material respect with the terms of
the Restrictive Covenants or of any other agreement with the Company or any of its
Affiliates or if Optionee breaches any duty to the Company or any of its Affiliates.
The Company shall notify Optionee in writing of any such
rescission within one year after such exercise, payment or delivery. Within ten
days after receiving such a notice from the Company, Optionee shall remit or deliver
to the Company (i) the amount of any gain realized upon the sale of any Shares
acquired upon the exercise of this Option, (ii) any consideration received upon the
exchange of any Shares acquired upon the exercise of this Option (or the extent that
such consideration was not received in the form of cash, the cash equivalent thereof
valued of the time of the exchange) and (iii) the number of Shares received in
connection with the rescinded exercise.

 

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	 	(b)	 	The Company shall have the right to offset, against any Shares and any cash
amounts due to Optionee under or by reason of Optionee’s holding this Option, any
amounts to which the Company is entitled as a result of Optionee’s violation of the
Restrictive Covenants or of any other agreement with the Company or any of its
Affiliates or Optionee’s breach of any duty to the Company or any of its Affiliates.
Accordingly, Optionee acknowledges that (i) the Company may delay exercise of this
Option or withhold delivery of Shares, (ii) the Company may place the proceeds of any
sale or other disposition of Shares in an escrow account of the Company’s choosing
pending resolution of any dispute with the Company or any of its Affiliates, and (iii)
the Company has no liability for any attendant market risk caused by any such delay,
withholding, or escrow.

Optionee acknowledges and agrees that the calculation of damages from a breach of any of the
Restrictive Covenants or of any other agreement with the Company or any of its Affiliates or of any
duty to the Company or any of its Affiliates would be difficult to calculate accurately and that
the right to offset or other remedy provided for herein is reasonable and not a penalty. Optionee
further agrees not to challenge the reasonableness of such provisions even where the Company
rescinds, delays, withholds or escrows Shares or proceeds or uses those Shares or proceeds as a
setoff.

8. Legends, etc. Shares issued upon exercise shall bear such legends as may be
required or provided for under the terms of the Stockholders Agreement.

9. Transfer of Option. This Option may only be transferred by the laws of descent and
distribution or to a legal representative in the event of the Optionee’s incapacity.

10. Withholding. The exercise of the Option will give rise to compensation income
which may be subject to withholding. The Optionee expressly acknowledges and agrees that the
Optionee’s rights hereunder, including the right to be issued Shares upon exercise, are subject to
the Optionee promptly paying to the Company in cash (or by such other means as may be acceptable to
the Administrator in its discretion) all Withholding Taxes with respect to the exercise. The
Optionee also authorizes the Company and its subsidiaries to withhold such amount from any amounts
otherwise owed to the Optionee and the Company may so withhold as provided in Section 4(a) above.
In addition, the Company may require the Optionee to pay any taxes or other amounts required to be
paid by the Company or any Affiliates with respect to the grant, vesting or exercise of this
Option. Any such taxes or amounts must be paid at such times and in such form as determined by the
Company.

 

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11. Effect on Employment. Neither the grant of this Option, nor the issuance of
Shares upon exercise of this Option, shall give the Optionee any right to be retained in the employ
of the Company or any of its Affiliates, affect the right of the Company or any of its Affiliates
to discharge or discipline such Optionee at any time, or affect any right of such Optionee to
terminate his or her Employment at any time, subject to applicable local law and the terms of any
employment agreement.

12. Nature of Grant; No Entitlement; No Claim for Compensation. Optionee, in
accepting this Option, represents and acknowledges that Optionee’s participation in the Plan is
voluntary; that participation in the Plan is discretionary and does not form any part of Optionee’s
contract of employment, if any, with the Company or any of its subsidiaries; and that Optionee has
not been induced to participate in the Plan by any expectation of employment or continued
employment with the Company or any of its subsidiaries. Optionee furthermore understands and
acknowledges that the grant of this Option is discretionary and a one-time occurrence, does not
constitute any portion of Optionee’s regular remuneration and is not intended to be taken into
account in calculating service-related benefits, and bears no guarantee or implication that any
additional grant will be made in the future. In consideration of the grant of this Option, no
claim or entitlement to compensation or damages shall arise from termination of the Option or
diminution in value of the Option or any of the Shares purchased through exercise of the Option
resulting from termination of the Optionee’s employment by the Company or his or her employer, as
applicable (and for any reason whatsoever and whether or not in breach of contract or local labor
laws), and Optionee irrevocably releases his or her employer, the Company and its subsidiaries, as
applicable, from any such claim that may arise; if, notwithstanding the foregoing, any such claim
is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement,
Optionee shall be deemed to have irrevocably waived his or her entitlement to pursue such claim.

13. Personal Data. Optionee understands and acknowledges that in order to perform its
obligations under the Plan, the Company and its subsidiaries may process personal data and/or
sensitive personal data relating to Optionee. Such data includes but is not limited to the
information provided in this Agreement and any changes thereto, other personal and financial data
relating to Optionee (including, without limitation, Optionee’s address and telephone number, date
of birth, social insurance number or other identification number, salary, nationality, job title),
and information about Optionee’s participation in the Plan and the Shares acquired from time to
time pursuant to the Plan. Optionee, in accepting this Option, gives his or her explicit and
voluntary consent to the Company and its subsidiaries to collect, use and process any such personal
data and/or sensitive personal data (in electronic or other form). Optionee also hereby gives his
or her explicit and voluntary consent to the Company and its subsidiaries to transfer any such
personal data and/or sensitive personal data (in electronic or other form) outside the country in
which Optionee works or is employed. The legal persons for whom Optionee’s personal data are
intended include the Company and any of its subsidiaries, any outside plan administrator or service
provider selected by the Company or any of its subsidiaries from time to time, and any other person
that the Administrator may find in its administration of the Plan to be appropriate; such
recipients may be located in countries that have different data privacy laws and protections than
Optionee’s country. Optionee hereby acknowledges that he or she has been informed of his or her
right of access and correction to his or her personal data by contacting his or her local human
resources representative. Optionee understands that the
transfer of the information described herein is important to the administration of the Plan
and that failure to consent to the transmission of such information may limit or prohibit his or
her participation in the Plan.

 

5

 

14. Governing Law. This Agreement and all claims arising out of or based upon this
Agreement or relating to the subject matter hereof shall be governed by and construed in accordance
with the domestic substantive laws of the State of Delaware without giving effect to any choice or
conflict of laws provision or rule that would cause the application of the domestic substantive
laws of any other jurisdiction.

15. Amendment. In addition to the authority to make adjustments pursuant to Section
7(b) of the Plan, the Administrator may modify the terms of this Option as the Administrator deems
appropriate, in good faith, to take account of a change in circumstances occasioned by a stock
dividend or other similar distribution (whether in the form of stock, other securities or other
property), stock split or combination of shares (including a reverse stock split),
recapitalization, conversion, reorganization, consolidation, split-up, spin-off, combination,
merger, exchange of stock, redemption or repurchase of all or part of the shares of any class of
stock or any change in the capital structure of the Company or an Affiliate or other transaction or
event, including the power to adjust the performance goals that are affected by such a transaction.

[SIGNATURE PAGE FOLLOWS]

 

6

 

By acceptance of this Option, the undersigned agrees hereby to become a party to, and be bound
by the terms of, the Stockholders Agreement as a “Manager” as defined therein.

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp.	 	SUNGARD CAPITAL CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Optionee

I acknowledge that I have received a copy of this Agreement and certain related information,
and that I have read and understood these documents. I accept and agree to all of the provisions
of this Agreement.

	 	 	 	 	 
	 

	 	 

Template
	 	 

 

7

 

Schedule A

Vesting Schedule

Option for 25% of the total number of Shares is exercisable on the first anniversary of the Date of
Grant (“Initial Vesting Date”); and

Option for the remaining 75% of the total number of Shares is exercisable in equal monthly
installments over the 48 months following the Initial Vesting Date starting with the first monthly
anniversary of the Initial Vesting Date.

May 2010 Form International

 

 

 

Exhibit A

Restrictive Covenants

1. Optionee will not render services for any organization or engage directly or indirectly in
any business which, in the judgment and sole determination of the Chief Executive Officer of the
Company or another senior officer designated by the Committee, is or becomes competitive with the
Company, or which organization or business, or the rendering of services to such organization or
business, is or becomes otherwise prejudicial to or in conflict with the interests of the Company.
If Optionee’s employment or other service with the Company has terminated, the judgment of the
Chief Executive Officer or other designated officer will be based on Optionee’s position and
responsibilities while employed by the Company, Optionee’s post-employment responsibilities and
position with the other organization or business, the extent of past, current and potential
competition or conflict between the Company and the other organization or business, the effect on
the Company’s customers, suppliers, employees and competitors of Optionee’s assuming the
post-employment position and such other considerations as are deemed relevant given the applicable
facts and circumstances.

2. Optionee will not disclose to anyone outside the Company, or use other than in the
Company’s business, any confidential or proprietary information or material relating to the
business of the Company, acquired by Optionee either during or after employment with the Company.
Optionee understands that the Company’s proprietary and confidential information includes, by way
of example: (a) the identity of customers and prospects, their specific requirements, and the
names, addresses and telephone numbers of individual contacts; (b) prices, renewal dates and other
detailed terms of customer and supplier contracts and proposals; (c) pricing policies, information
about costs, profits and sales, methods of delivering software and services, marketing and sales
strategies, and software and service development strategies; (d) source code, object code,
specifications, user manuals, technical manuals and other documentation for software products; (e)
screen designs, report designs and other designs, concepts and visual expressions for software
products; (f) employment and payroll records; (g) forecasts, budgets, acquisition models and other
non-public financial information; and (h) expansion plans, business or development plans,
management policies, information about possible acquisitions or divestitures, potential new
products, markets or market extensions, and other business and acquisition strategies and policies.

3. Optionee will promptly communicate to the Company, in writing, all marketing strategies,
product ideas, software designs and concepts, software enhancement and improvement ideas, and other
ideas and inventions (collectively, “works and ideas”) pertaining to the Company’s business,
whether or not patentable or copyrightable, that are made, written, developed, or conceived by
Optionee, alone or with others, at any time (during or after business hours) while Optionee is
employed by the Company or during the three months after Optionee’s employment terminates.
Optionee understands that all of those works and ideas will be the Company’s exclusive property,
and by accepting this Option Optionee assigns and agrees to assign all Optionee’s right, title and
interest in those works and ideas to the Company. Optionee will sign all documents which the
Company deems necessary to confirm its ownership of those works and ideas, and Optionee will
cooperate fully with the Company to allow the Company to take full advantage of those works and
ideas, including the securing of patent and/or copyright protection and/or other similar rights in
the United States and in foreign countries.

4. Optionee will not solicit or contact at any time, directly or through others, for the
purpose or with the effect of competing or interfering with or harming any part of the Company’s
business: (a) any customer or acquisition target under contract with the Company at any time
during the last two years of Optionee’s employment with the Company; (b) any prospective customer
or acquisition target that received or requested a proposal, offer or letter of intent from the
Company at any time during the last two years of Optionee’s employment with the Company; (c) any
affiliate of any such customer or prospect; (d) any of the individual contacts established by the
Company or Optionee or others at the Company during the period of Optionee’s employment with the
Company; or (e) any individual who is an employee or independent contractor of the Company at the
time of the solicitation or contact or who has been an employee or independent contractor within
three months before such solicitation or contact.

May 2010 Form InternationalExhibit 4.89

Exhibit 4.89

FRANCHISE AGREEMENT

Contract No.: DL090603

Beijing Ninetowns Network and Software Co., Ltd. (hereinafter referred to as “Party A”) and
Shenzhen Ninetowns Enke Software Technology Co., Ltd. (hereinafter referred to as “Party B”) have
entered into this agreement with respect to the establishment of a strategic cooperative
partnership relationship between the parties and the engagement of Party B as Party A’s franchisee:

	 	 	 
	Party A:

	 	Beijing Ninetowns Network and Software Co., Ltd.
	 
	 	 
	Address:

	 	5th Floor, Building No.14, 7th Block, 188 South 4th Ring Road West, Fengtai District, Beijing
	Zip code:

	 	100070
	Telephone:

	 	010-58056688
	 
	 	 
	Party B:

	 	Shenzhen Ninetowns Enke Software Technology Co., Ltd.
	 
	 	 
	Address:

	 	Unit AB, 25th Floor, Caihong Building, Fuhua Road, Futian District, Shenzhen
	Zip code:

	 	518033
	Telephone:

	 	0755-26727917

I. Franchised Products:

The “Ninetowns Network Quality Supervision Software v1.0” enterprise software that was developed
independently by Party A and for which a software product certificate was granted, having various
functions such as electronic certification of origin certificate and electronic inspection
application; and services related to “Ninetowns Network Supervision Software v1.0”;

Electronic supervision services (iQS) meet the operational requirements of the General
Administration of Quality Supervision, Inspection and Quarantine of the PRC, achieve online
supervision of enterprises and products filings and clearance, allow users to obtain governmental
supervision items and inspection and quarantine standards from time to time, and ensure that import
and export products meet the governmental inspection and quarantine standards.

Enterprise quality management systems (iQM), as a series of enterprise software applications of
electronic supervision services, mainly focused on export-oriented manufacturing enterprises, and
are enterprise quality management software applications with features of governmental supervision,
which were developed and expanded based on basic version to better meet enterprises’ further needs
with respect to their own quality management.

In order to enhance Party B’s reputation, and in consideration of the degree of acceptance of
software sales companies by import/export enterprises in Party B’s franchised area, Party A
hereby authorizes Party B to use the Ninetowns trade name in its company name, provided, however,
that Party B shall not use such trade name to engage in business activities that are not related to
the business as contemplated hereunder.

 

 

 

II. Franchised Area:

Shenzhen, the PRC.

III. Term of Franchise:

From June 1, 2009 to December 31, 2010.

IV. Recommended Distribution Price:

The standard price of the “Ninetowns Network Quality Supervision Software v1.0” enterprise software
is RMB4,500 per set with one-year free services. Party B may charge a different price according to
market competition.

The standard annual service fee of the iQS is RMB3,600 per year. Party B may charge a different
price according to market competition.

The standard prices of the iQM electronic supervision enterprise software applications are as
follows:

	 	 	 	 	 	 	 	 	 
	Versions	 	Unit	 	 	Price Per Set	 
	iQM for processing enterprises, Ver. A
	 	Set	 	 	30,000	 
	iQM for processing enterprises, Ver. B
	 	Set	 	 	38,000	 
	iQM for processing enterprises, Ver. C
	 	Set	 	 	50,000	 
	iQM for agriculture and aquatic breeding enterprises, Ver. A
	 	Set	 	 	12,000	 
	iQM for agriculture and aquatic breeding enterprises, Ver. B
	 	Set	 	 	18,000	 

Party B may charge a different price according to market competition.

V. Obligations of Both Parties:

Obligations of Party A:

	 	1.	 	Party A undertakes that the products that it provides have been authorized by the
General Administration of Quality Supervision, Inspection and Quarantine of the PRC.

	 	2.	 	In order to enhance Party B’s reputation, Party A hereby authorizes Party B to use the
Ninetowns trade name in its company name, provided, however, that Party B shall not use
such trade name to engage in business activities that are not related to the business as
contemplated hereunder.

	 	3.	 	Party A undertakes that during the term of this agreement, it will obtain Party B’s
prior consent before developing other franchisees within the franchised area.

 

 

 

	 	4.	 	Party A shall provide Party B with marketing and training materials in connection with
the franchised products.

	 	5.	 	Party A shall provide Party B with technical support services.
	 
	 	6.	 	Upgrade services.

Obligations of Party B:

	 	1.	 	Party B is responsible for distribution of Party A’s products, after-sale services and
technical support in the franchised area.

	 	2.	 	Party B undertakes that it will comply with relevant state and industrial laws and
regulations through its sales activities.

	 	3.	 	Party B undertakes that it will not be any third party’s franchisee for any other
product that competes with Party A’s products in Shenzhen during the term of this
agreement.

	 	4.	 	Party B undertakes that the products that it sells are the official versions of Party
A’s products, and Party B undertakes that it will not engage in any form of counterfeit
activities.

	 	5.	 	Party B undertakes that it will provide users with after-sales service and technical
support in accordance with Party A’s service standards and service contents.

	 	6.	 	Party B undertakes that it will make payments to Party A within the prescribed time
limit.

	 	7.	 	Party B undertakes that the sales data delivered by Party B to Party A monthly, i.e.
the settlement bill, will be true and accurate.

VI. Product Settlement Prices:

The settlement prices are as follows:

	 	1.	 	The distribution arrangements between the parties with respect to Party A’s “Ninetowns
Network Quality Supervision Software v1.0” enterprise software shall be: Party A shall be
entitled to receive 77.77% of the total revenue and Party B shall be entitled to receive
22.23% of the total revenue.

	 	2.	 	Party A shall be entitled to receive 70.5% of the total revenue generated by Party B
with respect to the electronic supervision services (iQS) for the users.

 

 

 

	 	3.	 	The prices at which Party A’s iQM electronic supervision enterprise software
applications are sold to Party B shall be:

	 	 	 	 	 	 	 	 	 
	Versions	 	Unit	 	 	Price Per Set	 
	iQM for processing enterprises, Ver. A
	 	Set	 	 	19,650	 
	iQM for processing enterprises, Ver. B
	 	Set	 	 	24,890	 
	iQM for processing enterprises, Ver. C
	 	Set	 	 	32,750	 
	iQM for agriculture and aquatic breeding enterprises, Ver. A
	 	Set	 	 	7,860	 
	iQM for agriculture and aquatic breeding enterprises, Ver. B
	 	Set	 	 	11,790	 

Party A shall be entitled to receive 65.5% of the total revenue generated by Party B with respect
to Party B’s subsequent services for the users of the iQM electronic supervision enterprise
software applications.

VII. Settlement Schedule:

Both parties agree that they shall settle payable amounts within 30 days after three months
following relevant settlement period. Party B shall deliver a settlement bill to Party A’s
financial management center by the end of each month.

The form of the settlement bill is attached hereto.

VIII. Agreement Amendment

If either party hereto requests to amend this agreement, it shall notify the other party in
writing, and the other party shall respond within one week. All amendments of this agreement must
be made in writing by both parties, and such amendments shall be deemed as inseverable parts of
this agreement.

IX. Rights of Both Parties to Terminate this Agreement Unilaterally

If any of the following circumstances occurs, Party A is entitled to terminate this agreement
unilaterally without any liability for breach of contract:

	 	1.	 	Party B becomes a franchisee for any other product that competes with Party A in the
franchised area during the term of this agreement without Party A’s consent;

	 	2.	 	Party B fails to comply with relevant state or industrial laws or regulations,
resulting in damages to Party A’s products and goodwill;

	 	3.	 	Party B engages in any form of counterfeit activities with respect to Party A’s
products;

	 	4.	 	Party B fails to provide after-sales service and technical support to product users in
accordance with Party A’s service standards and service contents, which results in
complaints by a large number of users.

 

 

 

If any of the following circumstances occurs, Party B is entitled to terminate this agreement
unilaterally without any liability for breach of contract:

	 	1.	 	Party A develops new franchisees within Party B’s franchised area during the term of
this agreement without Party B’s consent;

	 	2.	 	Party A refuses to provide product-related marketing and training materials or
product-related technical training to Party B.

X. Termination of Agreement

This agreement is automatically terminated upon the occurrence of any of the following
circumstances:

	 	1.	 	Expiration of this agreement;
	 
	 	2.	 	Mutual consent by the parties during the term of this agreement;
	 
	 	3.	 	Failure by the parties to reach an agreement in the event that either party makes a
request to amend this agreement, which makes the further performance of this agreement
impossible.

XI. Renewal of Agreement

The parties shall notify the other party in writing of its intention whether to renew this
agreement at least 30 days prior to the expiration hereof. This agreement may be renewed upon the
parties’ mutual consent. If either party fails to notify the other party prior to expiration, such
party shall be deemed to have agreed on the termination hereof, and the other party shall be
entitled to take any action without assuming any liability for breach of contract.

XII. Force Majeure

A force majeure event means an event that both parties could not foresee when they entered into
this agreement, and the occurrence and consequences of which cannot be prevented or overcome by the
parties.

If it is impossible for either party to perform this agreement due to a force majeure event, it
shall promptly notify the other party of the reasons why it is impossible to perform this agreement
or it needs to delay its performance or perform part of this agreement, and it shall provide
legally valid supporting documents. Through consultation by both parties, the parties may approve a
delay of the performance, a partial performance or a waiver of performance, and part or all of the
liabilities for breach of contract may be exempted, if agreed by the parties. If a force majeure
event occurs after either party’s delayed performance, such party may not be exempted from all
liabilities for breach of contract.

 

 

 

XIII. Liability for Breach of Contract

	 	1.	 	If the parties can not continue the performance of this agreement due to either party’s
breach, the breaching party shall pay the other party liquidated damages equal to 10% of
all amounts payable during the performance of this agreement.

	 	2.	 	If Party B fails to settle with Party A within the time limit as set forth herein,
Party B shall pay a late penalty to Party A, calculated at the bank lending interest rate
for such overdue period. The calculation shall be made according to the amount of the late
payment and related period.

XIV. Dispute Resolution

Any dispute arising from this agreement shall be first settled through friendly negotiation. If
the parties fail to reach an agreement after negotiation, either party may bring a lawsuit to
Beijing Fengtai District People’s Court to settle such dispute by litigation.

XV. Matters not covered by this agreement shall be settled through consultation by both parties and
confirmed by a written agreement by the parties attached hereto. Such attachments shall be an
inseverable part of this agreement and have the same force and effect as this agreement.

This agreement shall be executed in four counterparts. Either party shall hold two counterparts
with each counterpart having the same force and effect. This agreement shall take effect upon the
parties’ execution with their corporate seals affixed to this agreement.

 

 

 

(Signature Page)

Party A:

Beijing Ninetowns Network and Software Co., Ltd.

[Seal]

Date: June 1, 2009

Party B:

Shenzhen Ninetowns Enke Software Technology Co., Ltd.

[Seal]

Date: June 1, 2009

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