Document:

<PAGE>

                                                                   EXHIBIT 10.12

                             FIRST DATA CORPORATION

                         1992 LONG-TERM INCENTIVE PLAN
                          PERFORMANCE GRANT AGREEMENT
                    (Award Period Beginning January 1, 2001)

     This AGREEMENT is made by and between FIRST DATA CORPORATION, a Delaware
corporation (the "Company") and [Executive Name], an executive of the Company
(the "Executive"), as of January 1, 2001

                                    RECITALS
                                    --------

     WHEREAS, the Board of Directors of the Company (The "Board") established
and the Company maintains the 1992 Long-Term Incentive Plan (The "Plan") which
authorizes the Compensation and Benefits Committee of the Board (the
"Committee") to award Performance Grants to eligible key employees of the
Company and its affiliates; and

     WHEREAS, the Committee has determined to award a Performance Grant to
Executive on the terms and conditions set forth herein;

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

                                   AGREEMENT
                                   ---------

1.   Defined Terms.  All terms not otherwise defined herein shall have the
     -------------
     meaning set forth in the Plan.

2.   Award of Performance Grants.  The Company hereby grants to Executive a
     ---------------------------
     Performance Grant (referred to hereinafter as the "Performance Grant")
     subject to the terms and conditions set forth below.

3.   Terms and Conditions of Performance Grants.
     ------------------------------------------

     (a)  The value of the Performance Grant (the "Unit Value") shall be
          determined by the Committee in accordance with the formula set forth
          on Exhibit A attached hereto based upon the percentage increase in the
          share price of the Company's common stock, $.01 par value per share
          (the "Common Shares"), plus dividends paid, if any, during the period
          beginning on January 1, 2001and ending on December 31, 2002(the "Award
          Period") (the "Growth in Shareholder Value"), relative to the Growth
          in Shareholder Value of those companies in the S&P 500 index whose
          Growth in Shareholder Value during the Award Period would place such
          companies above the fiftieth (50th) percentile of all companies in the
          S&P 500 index ("Comparator Companies"); provided, however, that the
          Growth in Shareholder Value is in excess of the fiftieth percentile of
          the Comparator Companies and
<PAGE>

          the Threshold Rate as defined below. For purposes of this Agreement,
          the share price of the Common Shares and the share price of the
          Comparator Companies shall be the average of such share price for the
          sixty (60) day period ending on the last Business Day preceding the
          first day of the Award period and the last day of the Award Period,
          respectively. For purposes of this Agreement, the Threshold Rate for
          any Award Period shall mean the rate of return during the Award Period
          of the average two-year treasury note for the sixty (60) day period
          ending on the last Business Day preceding the first day of the Award
          Period assuming that dividends with respect to such two-year treasury
          note paid during the Award Period are reinvested at such two-year
          treasury note rate. For purposes of this Agreement, the methodology
          which shall be used to determine whether the Growth in Shareholder
          Value of the Company's common shares during the Award Period exceeds
          the 50th percentile shall be to rank each of the comparator companies
          from one (1) to five hundred (500) based on its Growth in Shareholder
          Value during the Award Period and then compare the Growth in
          Shareholder Value of the Company with the Growth in Shareholder Value
          of the Comparator Companies. If the Committee determines that a
          Performance Grant has no Unit Value, such Performance Grant shall be
          deemed to have been canceled.

     (b)  Subject to the conditions set forth in Subparagraph 3 (e) and
          Paragraph 4 below, Executive shall have no vested or non-forfeitable
          interest in the Unit Value of a Performance Grant, as determined by
          the Committee, until the expiration of two fiscal years following the
          end of the Award Period with respect to the Performance Grant (the
          "Vesting Period"). For each fiscal year during the Vesting Period in
          which the Company's net income (determined pursuant to the guidelines
          previously approved by the Committee) before dividends divided by
          stockholder's equity at the beginning of such fiscal year ("Return on
          Equity Percentage") is a positive number, the Unit Value of the Award
          shall increase in an amount equal to fifty (50%) percent of the Return
          on Equity Percentage ("Adjusted Return on Equity Percentage"). For
          each fiscal year during the Vesting Period in which the Return on
          Equity Percentage is a negative number, the Unit Value of the Award
          shall decrease by an amount equal to the Return on Equity Percentage.

     (c)  Subject to the terms and conditions set forth in Paragraph 4 below,
          Executive shall be entitled to receive an amount equal to the Unit
          Value of the Performance Grant, as adjusted pursuant to the Adjusted
          Return on Equity Percentage or the Return on Equity Percentage, as the
          case may be (the "Adjusted Unit Value") as determined as of the last
          day of the Vesting Period applicable to the Performance Grant. Such
          Adjusted Unit Value shall be payable solely in cash and shall be paid
          to Executive within 90 days after the last day of such Vesting Period.

     (d)  Executive may elect to defer receipt of cash in the amount of the
          Adjusted Unit Value of a Performance Grant in accordance with the
          terms and conditions of the First Data Corporation Salary Deferral
          Plan.

     (e)  In the event that Executive's employment is terminated for any reason
          prior to the end of the Award Period (with respect to a Performance
          Grant), or for any reason other than Executive's death, Disability, or
          early, normal or deferred retirement under an approved retirement plan
          of the Company (or any such other plan or arrangement as may be
          approved by the Committee in its discretion, for this purpose) after
          the Award Period with respect to such Performance Grant but prior to
          the end of the Vesting Period, any unpaid Unit Value shall not be paid
          out and the Performance Grant shall be forfeited.
<PAGE>

4.   Committee Authority.  The Committee has the sole and exclusive authority to
     -------------------
     interpret and apply any provision of this Agreement, and may reduce the
     amount of any such award to be made hereunder (including a determination of
     a lower Unit Value than that which the formula on Exhibit A would yield)
     based on factors it selects in its discretion. The Board may, from time to
     time, amend, modify or terminate, in whole or in part, any or all
     provisions of the Plan; provided, that no such change or termination shall
     in any way materially impair Executive's right under this Agreement without
     the prior written consent of Executive. Notwithstanding anything in the
     foregoing sentence to the contrary, the Committee may, in its sole
     discretion, extend at any time the Vesting Period for any Performance Grant
     for up to an additional two fiscal years (the "Extended Phase") provided
     that (a) the Committee in its sole discretion may provide for the payment
     to Executive during the Extended Phase of all or any portion of the Unit
     Value of the Performance Grant, and (b) any action by the Committee in
     extending the Vesting Period pursuant to this sentence shall be disregarded
     for purposes of Paragraph 3 (e) of this Agreement.

5.   Nontransferability.  The Performance Grant shall not be transferred or
     ------------------
     assigned, hypothecated or encumbered in whole or in part either directly or
     by operation of law or otherwise (except in the event of Executive's death)
     including, but not by way of limitation, execution, levy, garnishment,
     attachment, pledge, bankruptcy or in any other manner.

6.   No Employment Contract.  Neither the Plan nor this Agreement shall
     ----------------------
     constitute a contract of employment between the Company and Executive, and
     the Company specifically reserves the right to terminate the employment of
     or performance of services by the Executive at any time for any reason.

7.   Compliance with Other Laws and Regulations.  The Performance Grant shall be
     ------------------------------------------
     subject to all applicable federal and state laws, rules and regulation,
     including those related to disclosure of financial and other information to
     Executive, and to such approvals by any government or regulatory agency as
     may be required.

8.   Executive Bound by Plan.  Executive hereby acknowledges a receipt of a copy
     -----------------------
     of the Plan, and agrees to be bound by all the terms and provisions
     thereof, which are incorporated herein by reference.

9.   Acceptance.  By executing this Agreement and accepting the Performance
     ----------
     Grant, Executive (or any person acting on Executive's behalf or claiming
     under or through Executive) shall be conclusively deemed to have indicated
     his acceptance and ratification of, and consent to, any action taken under
     the Plan by the Company, the Board or the Committee or its delegates.

10.  Funding.  The Plan shall be unfunded.  The Company shall not be required to
     -------
     establish any special fund or to make any other segregation of assets to
     assure the payment of the Adjusted Unit Value attributable to any
     Performance Grant. Any rights to the payment of any such Adjusted Unit
     Value shall be no greater than the right of the Company's general
     creditors.
<PAGE>

11.  Notices.  Any notice hereunder to the Company shall be addressed to:
     -------

                   First Data Corporation
                   5660 New Northside Drive
                   Suite 1400
                   Atlanta, GA 30328
                   Attn: Michael Whealy, Executive Vice President and General
                         Counsel

     and any notice hereunder to Executive shall be addressed to Executive at
     Executive's last address on the records of the Company, subject to the
     right of either party to designate at any time hereafter in writing some
     other address. Any notice shall be deemed to have been duly given when
     enclosed in a properly sealed envelope, addressed as set forth above, and
     deposited (with first class postage prepaid) in the United States mail.

12.  Counterparts.  This Agreement may be executed in one or several
     ------------
     counterparts, each of which shall constitute one and the same instrument.

13.  Governing Law.  The validity, construction, interpretation, administration
     -------------
     and effect of the Plan and this Agreement, and of its and their rules and
     regulations, and rights relating to the Plan and to the Performance Grants
     granted under the Plan pursuant to this Agreement shall be governed by the
     substantive laws, but not the choice of law rules, of the State of
     Delaware.

14.  Variation of Pronouns.  All pronouns and any variations thereof contained
     ---------------------
     herein shall be deemed to refer to masculine, feminine, neuter, singular or
     plural, as the identity of the person or persons may require.

15.  Shareholder Approval.  This Agreement shall be void in the event the
     --------------------
     stockholders of the Company fail to approve either this Agreement or a plan
     authorizing this Agreement prior to the payment of any amount to Executive
     under this Agreement.

     IN WITNESS WHEREOF, the Company and Executive has executed this Agreement
as of the date first written above.

                FIRST DATA CORPORATION

                By:  ______________________________

                Title: _____________________________

                EXECUTIVE

                __________________________________
<PAGE>

                                   EXHIBIT A
                     (To Chief Executive Officer Agreement)

                                   UNIT VALUE

ANNUAL GROWTH IN                                   TARGET UNIT
SHAREHOLDER VALUE                                     VALUE
-----------------                                     -----

      ***                                              ***

Threshold
Rate

Exceeds Comparator Company at 50% level            $  660,000

Exceeds Comparator Company at 55% level             1,200,000

Exceeds Comparator Company at 60% level             1,800,000

Exceeds Comparator Company at 65% level             2,400,000

Exceeds Comparator Company at 70% level             3,000,000

Exceeds Comparator Company at 75% level (Maximum)   3,600,000

If the Company's Growth in Shareholder Value exceeds a Comparator Company at a
level above  50% and below 75%, the Target Value will be interpolated to the
nearest whole percent based on the scale above.

***  For purposes of this Agreement, the Threshold Rate for any Award Period
shall mean the rate of the return during the Award Period of the average two-
year treasury note for the sixty (60) day period ending on the last Business Day
preceding the first day of the Award Period assuming that interest with respect
to such two-year treasury note paid during the Award Period is reinvested at
such Threshold Rate.  If the Growth in Shareholder Value for the Award Period is
less than the Threshold Rate, then regardless of the Growth in Shareholder
Value, the Committee shall assign no Unit Value to the Performance Grant.  For
example, if Growth in Shareholder Value exceeds that of the Comparator Company
at the seventy-fifth percent (75%) level but that Growth in Shareholder Value is
less than the Threshold Rate, no Unit Value shall be assigned.
<PAGE>

                                   EXHIBIT A
                              (To EVP Agreements)

                                   UNIT VALUE

ANNUAL GROWTH IN                                   TARGET UNIT
SHAREHOLDER VALUE                                     VALUE
-----------------                                     -----

      ***                                               ***

                                         Threshold
                                           Rate

Exceeds Comparator Company at 50% level               $250,000

Exceeds Comparator Company at 55% level                350,000

Exceeds Comparator Company at 60% level                450,000

Exceeds Comparator Company at 65% level                550,000

Exceeds Comparator Company at 70% level                650,000

Exceeds Comparator Company at 75% level (Maximum)      750,000

If the Company's Growth in Shareholder Value exceeds a Comparator Company at a
level above 50% and below 75%, the Target Unit Value will be interpolated to the
nearest whole percent based on the scale above.

***  For purposes of this Agreement, the Threshold Rate for any Award Period
shall mean the rate of the return during the Award Period of the average two-
year treasury note for the sixty (60) day period ending on the last Business Day
preceding the first day of the Award Period assuming that interest with respect
to such two-year treasury note paid during the Award Period is reinvested at
such Threshold Rate.  If the Growth in Shareholder Value for the Award Period is
less than the Threshold Rate, then regardless of the Growth in Shareholder
Value, no Unit Value shall be assigned to the Performance Grant by the
Committee.  For example, if Growth in Shareholder Value exceeds that of the
Comparator Company at the seventy-fifth percent (75%) level but that Growth in
Shareholder Value is less than the Threshold Rate, no Unit Value shall be
assigned.
<PAGE>

                                   EXHIBIT A
                     (To Chief Operating Officer Agreement)

                                   UNIT VALUE

ANNUAL GROWTH IN                                     TARGET UNIT
SHAREHOLDER VALUE                                       VALUE
-----------------                                       -----

      ***                       ***

                                          Threshold
                                            Rate

Exceeds Comparator Company at 50% level              $   500,000

Exceeds Comparator Company at 55% level                  800,000

Exceeds Comparator Company at 60% level                1,100,000

Exceeds Comparator Company at 65% level                1,400,000

Exceeds Comparator Company at 70% level                1,700,000

Exceeds Comparator Company at 75% level (Maximum)      2,000,000

If the Company's Growth in Shareholder Value exceeds a Comparator Company at a
level above 50% and below 75%, the Target Unit Value will be interpolated to the
nearest whole percent based on the scale above.

***  For purposes of this Agreement, the Threshold Rate for any Award Period
shall mean the rate of the return during the Award Period of the average two-
year treasury note for the sixty (60) day period ending on the last Business Day
preceding the first day of the Award Period assuming that interest with respect
to such two-year treasury note paid during the Award Period is reinvested at
such Threshold Rate.  If the Growth in Shareholder Value for the Award Period is
less than the Threshold Rate, then regardless of the Growth in Shareholder
Value, no Unit Value shall be assigned to the Performance Grant by the
Committee.  For example, if Growth in Shareholder Value exceeds that of the
Comparator Company at the seventy-fifth percent (75%) level but that Growth in
Shareholder Value is less than the Threshold Rate, no Unit Value shall be
assigned.<PAGE>

                                                                   EXHIBIT 10.15

                          NEGOTIABLE PROMISSORY NOTE
                          --------------------------

                                                             Englewood, Colorado
$1,995,724.98                                                November 10, 2000

     FOR VALUE RECEIVED, the undersigned, Charles T. Fote, an individual
residing in Highlands Ranch, Colorado (the "Maker"), hereby promises to pay to
First Data Corporation, a Delaware Corporation (the "Company") or any subsequent
holder hereof (the Company, together with any subsequent holder(s) hereof, the
"Holder"), without grace, at the office of the Company at 6200 South Quebec
Street, Englewood, Colorado 80111, or at such other place as the Holder may
designate to Maker in writing from time to time, on the Due Date (as defined
below), the principal sum of One Million Nine Hundred Ninety Five Thousand Seven
Hundred Twenty Four and 98/100s Dollars ($1,995,724.98) (the "Loan Amount") plus
interest accrued on the Loan Amount pursuant to the terms set forth below, in
lawful money of the United States of America and immediately available funds.
The Due Date shall be the earlier of: (i) the six-month anniversary of the date
hereof; (ii) the date on which the Maker is no longer employed by the Company
for any reason whatsoever; (iii) the date on which the Maker shall commence, or
have commenced against him, any case, proceeding or other action relating to
bankruptcy, insolvency, or any similar or related action; or (iv) the date on
which the Loan Amount is prepaid in full.  Interest shall accrue on the Loan
Amount at a fixed rate equal to 6.10% per annum, compounded semiannually, and
shall be calculated on the basis of the actual number of days in the year and
actual days elapsed.

     The Loan Amount may be prepaid at any time, in whole or in part, without
penalty or premium.  Interest shall not be payable until the Termination Date
and no prepayment amount shall be allocated to the payment of accrued interest
until the Loan Amount has been paid in full.  The Holder is hereby authorized to
endorse the date and amount of each repayment of principal, which endorsement
shall constitute prima facie evidence of the accuracy of the information so
endorsed; provided, however, that failure by any Holder to make any such
recordation on such schedules or continuation thereof shall not in any manner
affect any of the obligations of the undersigned to make payments of principal
and interest in accordance with the terms of this Negotiable Promissory Note.

     It is hereby expressly agreed that if full payment of the Loan Amount and
all accrued interest thereon (in the aggregate, the "Required Payment Amount")
is not made on the Due Date, then a default exists under this Negotiable
Promissory Note and interest thereafter shall accrue on the Required Payment
Amount at the rate of 12% per annum compounded daily.

     Time is of the essence of this Negotiable Promissory Note.  In the event
that this Negotiable Promissory Note, or any part hereof, is collected by or
through an attorney-at-law, Maker agrees to pay all costs of collection
including, but not limited to, attorney's fees.

     Presentment for payment, demand, protest and notice of demand, protest and
nonpayment, and all other notices, are hereby waived by the Maker.  No extension
or waiver by the Holder of any of the Maker's obligations hereunder shall be
construed as a novation of this Negotiable Promissory Note, as a reinstatement
of the indebtedness evidenced hereby, as a
<PAGE>

waiver of the right of the Holder to insist on strict compliance with the terms
hereof, or to prevent the exercise by the Holder of any right granted hereunder
or by the laws of the State of Colorado or in equity; and Maker hereby expressly
waives the benefit of any statute or rule of law or equity, now existing or
hereafter arising, that would produce a result contrary to or in conflict with
the foregoing. No extension of time for the payment of this Negotiable
Promissory Note shall operate as a release, discharge, modify, change or affect
the original liability of the Maker either in whole or in part unless the Holder
otherwise agrees in writing. This Negotiable Promissory Note may not be changed
orally but only by an agreement in writing signed by the party against whom
enforcement of any waiver, change, modification or discharge is sought.

     Maker hereby waives and renounces for himself, his heirs, successors and
assigns, all rights to the benefits of any statute of limitations, moratorium,
reinstatement, marshalling, valuation, stay, extension, redemption,
appraisement, exemption and homestead now provided, or that may be provided, by
the Constitution or the laws of the United States of America or any state
thereof, both as to himself and in an to all his property, both real and
personal, against the enforcement and collection of the obligations evidenced by
this Negotiable Promissory Note.

     Maker hereby transfers, conveys and assigns to Holder a sufficient amount
of such homestead or exemption as may be set apart in bankruptcy, to pay this
Negotiable Promissory Note in full, with all costs of collection, and does
hereby direct any trustee in bankruptcy having possession of such homestead or
exemption to deliver to Holder a sufficient amount of money or property set
apart as exempt to pay the indebtedness evidenced hereby, or any renewal
thereof, and does hereby irrevocable appoint Holder the attorney-in-fact for
Maker to claim any and all homestead exemptions allowed by law.

     In addition to any rights and remedies of the Holder provided by law, the
Holder shall have the right, without prior notice to the Maker and any such
notice being expressly waived by the Maker, upon any amount becoming due and
payable by the Maker under this Negotiable Promissory Note to set-off and
appropriate and apply against such amount any and all credits, indebtedness or
claims, including compensation, in each case whether direct or indirect,
absolute or contingent, matured or unmatured, at any time held or owing by the
Holder to or for the credit or the account of the Maker

     If, from any circumstances whatsoever, fulfillment of any provision of this
Negotiable Promissory Note, at the time performance hereunder shall be due,
shall involve exceeding the limit of validity presently prescribed by any
applicable usury statute or any other applicable law, with regard to obligations
of like character and amount, then, ipso facto, the obligation to be fulfilled
shall be reduced to the limit of such validity, so that in no event shall any
exaction be possible under this Negotiable Promissory Note which is in excess of
the current limit of such validity, but such obligation shall be fulfilled to
the limit of such validity.

     If any provision of this Negotiable Promissory Note or the application
thereof to any person or circumstance shall be invalid or unenforceable to any
extent, the remainder of this Negotiable Promissory Note and the application of
such provisions to other persons or circumstances shall not be affected thereby
and shall be enforced to the greatest extent permitted by law.

                                       2
<PAGE>

     As used herein, the terms "Maker" and "Holder" shall be deemed to include
their respective heirs, successors, legal representatives, and assigns, whether
voluntary by action of the parties or involuntary by operation of law.

       THIS NEGOTIABLE PROMISSORY NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH THE LAW OF THE STATE OF COLORADO.

     IN WITNESS WHEREOF, Maker has executed this Negotiable Promissory Note on
the date first written above.

                                        By:   /s/ Charles T. Fote
                                            ------------------------
                                            Charles T. Fote

                                       3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]