Document:

exv10w4

Exhibit 10.4

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant
Performance-Based Restricted Stock Unit Award Agreement

Wright Express Corporation

Memorandum

	 	 	 

	TO:

	 	[Name of Grantee]
	 
	 	 
	FROM:

	 	Michael E. Dubyak, Chairman & CEO
	 
	 	 
	SUBJECT:

	 	2010 Growth Grant – Performance-Based Restricted Stock Unit Agreement
	 
	 	 
	DATE:

	 	March 2, 2010

You have been granted, based on the attainment of performance goals in 2012, an award of
Performance-Based Restricted Stock Units (“PSUs”) under the terms of the Wright Express
Corporation 2005 Equity and Incentive Plan (the “Plan”) and the 2010 Growth Grant Long Term
Incentive Program (“LTIP”), which is established pursuant to the Plan (the PSUs are collectively
referred to as the “Award”). Attached to this Memorandum is an Agreement which, along with the
Plan document and LTIP, governs your Award. You will be receiving separately a copy of the
Prospectus for the Plan. The Prospectus contains important information regarding the Plan,
including information regarding restrictions on your rights with respect to the PSUs granted to
you. You should read the Prospectus carefully.

An Award of PSUs does not give you rights as a shareholder of the Company and you may not
transfer or assign any rights in your PSUs. Please note that as your Award vests, the Company
will withhold from the number of shares that would otherwise be delivered to you a number of
shares of company stock having a value equal to your tax withholding obligations (similar to
payroll withholding requirements).

Finally, by accepting this Award you are agreeing to abide by the terms of the Plan, LTIP, and
the attached Agreement. To accept this Award, you must agree to the terms set forth in this
Agreement by signing and dating the Memorandum and returning it to Tabitha Hilton in the Human
Resources Office in South Portland, Maine by April 15, 2010.

	 	 	 

	Date of Grant:

	 	March 3, 2010
	Number of PSUs*:

	 	[Number of PSUs]
	Vesting Period:

	 	- Interim Milestone – August 15, 2011
	 

	 	- 2012 Performance – March 3, 2013

 

			
	*	 	The above number of PSUs granted is subject to change based on the
attached performance metrics set forth in the 2010 Growth Grant Long Term
Incentive Program document, attached as Exhibit B and the terms of

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Performance-Based Restricted Stock Unit Award Agreement

 

			
	 	 	the Award Agreement. Persons who are Section 16 officers of the Company on
the date of grant are not eligible for the Interim Milestone Vesting on
August 15, 2011.

USE THE SPACE BELOW TO ACCEPT THIS 2010 GROWTH GRANT:

I have read and agree to the terms set forth in the 2010 Growth Grant Agreement. I accept
the Award of PSUs described in this Memorandum:

	 	 	 	 	 

	 
	 	 	 	 
	 

Signature of Grantee

	 	 

Date
	 	 

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Performance-Based Restricted Stock Unit Award Agreement

WRIGHT EXPRESS CORPORATION

LONG TERM INCENTIVE PROGRAM

2010 GROWTH GRANT

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT

     THIS AWARD AGREEMENT (“Agreement”), dated as of March 3, 2010, is entered into by and between
WRIGHT EXPRESS CORPORATION, a Delaware corporation (the “Company”), and the Grantee named on the
attached Memorandum, dated March 3, 2010 (the “Memorandum”) pursuant to the terms and conditions of
the Wright Express Corporation 2005 Equity and Incentive Plan (the “Plan”) and the Wright Express
Corporation 2010 Growth Grant Long Term Incentive Program (the “LTIP”) established thereunder.

     WHEREAS, the Company has the authority under and pursuant to the Plan to grant awards to
eligible employees of the Company and its subsidiaries; and

     WHEREAS, the Company desires to grant the Award to the Grantee subject to the terms and
conditions of the Plan, LTIP, and this Agreement.

     In consideration of the provisions contained in this Agreement, the Company and the Grantee
agree as follows:

     1. The Plan. The Award granted to the Grantee hereunder is made pursuant to the Plan and
LTIP. A copy of the prospectus for the Plan has been provided to the Grantee and the applicable
terms of such Plan and LTIP are hereby incorporated herein by reference. Terms used in this
Agreement which are not defined in this Agreement shall have the meanings used or defined in the
Plan.

     2. Award. Concurrently with the execution of this Agreement, and subject to the terms and
conditions set forth in the Plan, LTIP, and this Agreement, the Company hereby grants the number of
Performance-Based Restricted Stock Units indicated in the Memorandum to the Grantee. Each
Performance-Based Restricted Stock Unit entitles the Grantee to one share of Company Stock, subject
to the attainment of performance goals and continued employment, upon vesting.

     3. Vesting of Units.

     (a) Upon the vesting of the Award, as described in this Section, the Company shall deliver for
each Performance-Based Restricted Stock Unit that becomes vested, one (1) share of Company Stock;
provided, however, that the Company shall withhold from the Grantee at the time of
delivery of the Company Stock the amount that the Company determines necessary to pay applicable
withholding taxes as and to the extent provided in Paragraph 8 below. The Company Stock shall be
delivered as soon as practicable following each vesting date or event set forth below, but in any
case within 30 days after such date or event.

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Performance-Based Restricted Stock Unit Award Agreement

     (b) Subject to Paragraphs 3(c), (d), (e) and (f) and 4, if the Grantee was not a Section 16
officer of the Company on the date of grant of the Award, then 30% of the Performance-Based
Restricted Stock Units shall become vested and payable to the Grantee on August 15, 2011 provided
that the Interim Milestone Metric has been satisfied, and the Grantee remains employed by the
Company on such date. If the Interim Milestone Metric is not satisfied, no Performance-Based
Restricted Stock Units will vest on August 15, 2011, however such Performance-Based Restricted
Stock Units shall be eligible to vest on March 3, 2013 as set forth below.

     (c) Subject to Paragraphs 3(b), (d), (e) and (f) and 4, the Performance-Based Restricted Stock
Units under the 2010 Growth Long Term Incentive Program shall vest on March 3, 2013 based on
achievement of the 2012 Performance Goals as set forth in the 2010 Growth Grant Long Term Incentive
Program document attached as Exhibit B, so long as the Grantee remains employed with the Company
through such vesting date.

     (d) Notwithstanding Paragraphs 3(b), and (c), upon the Grantee’s death, if the final number of
Performance-Based Restricted Stock Units that are eligible for vesting is not determined, the Award
shall become immediately and fully vested as to the Target number of Performance-Based Restricted
Stock Units set forth in the Memorandum, subject to any terms and conditions set forth in the Plan
or imposed by the Compensation Committee of the Board of Directors (the “Committee”). If, upon the
Grantee’s death, the final number of Performance-Based Restricted Stock Units that are eligible for
vesting has been determined, the Award shall become immediately and fully vested at the determined
level of vesting for the Performance-Based Restricted Stock Units set forth in the Memorandum,
subject to any terms and conditions set forth in the Plan or imposed by the Committee.

     (e) Notwithstanding Paragraphs 3(b) and (c), upon a “Change in Control” of the Company, if the
surviving entity does not agree to assume the obligations set forth in the Agreement, then the
Award shall become immediately and fully vested, subject to any terms and conditions set forth in
the Plan or imposed by the Committee. “Change in Control” shall have the meaning set forth in the
Plan. In the event the Award becomes immediately and fully vested upon a Change in Control that
occurs prior to or during the calendar year 2012 performance period, the Grantee shall vest in the
Target number of Performance-Based Restricted Stock Units set forth in the Memorandum, and the
Target performance goal shall be deemed fully achieved. In the event the Award becomes immediately
and fully vested upon a Change in Control that occurs after such period, the Grantee shall vest in
the number of Performance-Based Restricted Stock Units set forth in the Memorandum, based on the
level of performance goal achievement. With respect to any Grantee subject to Section 162(m) of
the Internal Revenue Code of 1986, as amended, in no event shall acceleration of vesting result in
an increase in the amount of the Award based on the time value of money.

     (f) Notwithstanding anything to the contrary in this Agreement, to the extent that the Grantee
becomes entitled to receive any shares of Company Stock pursuant to the vesting of the 2010 Special
Grant Long Term Incentive Program Award Agreement dated October 15, 2007

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Performance-Based Restricted Stock Unit Award Agreement

(such shares, the “Special Grant Shares”), then the number of Performance-Based Restricted
Stock Units that could vest pursuant to this Award shall be reduced by [50% / 60%] of the number of
the Special Grant Shares and the remaining number of Performance-Based Restricted Stock Units
subject to this Award shall vest in accordance with Paragraphs 3(b), (c), (d) and (e) above.

     4. Termination of Employment. Notwithstanding any other provision of the Plan to the
contrary, upon the termination of the Grantee’s employment with the Company and its subsidiaries
for any reason whatsoever (other than death), the Award, to the extent not yet vested, shall
immediately and automatically terminate; provided, however, that the Committee may,
in its sole and absolute discretion agree to accelerate the vesting of the Award, upon termination
of employment or otherwise, for any reason or no reason, but shall have no obligation to do so.

     For purposes of the Plan and the Award, a termination of employment shall be deemed to have
occurred on the date upon which the Grantee ceases to perform active employment duties for the
Company following the provision of any notification of termination or resignation from employment,
and without regard to any period of notice of termination of employment (whether expressed or
implied) or any period of severance or salary continuation. Notwithstanding any other provision
of the Plan, the Award, this Agreement or any other agreement (written or oral) to the contrary,
the Grantee shall not be entitled (and by accepting an Award, thereby irrevocably waives any such
entitlement) to any payment or other benefit to compensate the Grantee for the loss of any rights
under the Plan as a result of the termination or expiration of an Award in connection with any
termination of employment. No amounts earned pursuant to the Plan or any Award shall be
deemed to be eligible compensation in respect of any other plan of the Company or any of its
subsidiaries.

     5. No Assignment. Except as expressly permitted under the Plan, this Agreement may
not be assigned by the Grantee by operation of law or otherwise.

     6. No Rights to Continued Employment. Neither this Agreement nor the Award shall be construed
as giving the Grantee any right to continue in the employ of the Company or any of its
subsidiaries, or shall interfere in any way with the right of the Company to terminate such
employment.

     7. Governing Law. This Agreement and the legal relations between the parties shall be
governed by and construed in accordance with the internal laws of the State of Delaware, without
effect to the conflicts of laws principles thereof.

     8. Tax Obligations. As a condition to the granting of the Award and the vesting thereof, the
Grantee acknowledges and agrees that he/she is responsible for the payment of income and employment
taxes (and any other taxes required to be withheld) payable in connection with the vesting of an
Award. Accordingly, the Grantee agrees to remit to the Company or any applicable subsidiary an
amount sufficient to pay such taxes. Such payment shall be made to the Company or the applicable
subsidiary of the Company in a form that is

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Performance-Based Restricted Stock Unit Award Agreement

reasonably acceptable to the Company, as the Company may determine in its sole discretion.
Notwithstanding the foregoing, the Company may retain and withhold from delivery at the time of
vesting that number of shares of Company Stock having a fair market value equal to the taxes owed
by the Grantee, which retained shares shall fund the payment of such taxes by the Company on behalf
of the Grantee.

     9. Notices. Any notice required or permitted under this Agreement shall be deemed given when
delivered personally, or when deposited in a United States Post Office, postage prepaid, addressed,
as appropriate, to the Grantee at the last address specified in the Grantee’s employment records
(or such other address as the Grantee may designate in writing to the Company), or to the Company,
97 Darling Avenue, South Portland, ME 04106, Attention: General Counsel, or such other address as
the Company may designate in writing to the Grantee.

     10. Failure to Enforce Not a Waiver. The failure of the Company to enforce at any time any
provision of this Agreement shall in no way be construed to be a waiver of such provision or of any
other provision hereof.

     11. Amendments. This Agreement may be amended or modified at any time by an instrument in
writing signed by the parties hereto.

     12. Authority. The Committee has complete authority and discretion to determine Awards, and
to interpret and construe the terms of the Plan and this Agreement. The determination of the
Committee as to any matter relating to the interpretation or construction of the Plan or this
Agreement shall be final, binding and conclusive on all parties.

     13. Rights as a Stockholder. The Grantee shall have no rights as a stockholder of the Company
with respect to any shares of common stock of the Company underlying or relating to any Award until
the issuance of a stock certificate to the Grantee in respect of such Award.

     IN WITNESS WHEREOF, this Agreement is effective as of the date first above written.

	 	 	 	 	 
	 	WRIGHT EXPRESS CORPORATION

 	 
	 	
 	 
	 	 	 
	 	By:       Michael E. Dubyak

Its:      Chairman and Chief Executive Officerexv10w5

Exhibit 10.5

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Stock
Non-Statutory Stock Option Award Agreement

Wright Express Corporation

Memorandum

	 	 	 

	TO:

	 	[Name of Grantee] (the “Grantee”)
	 
	 	 
	FROM:

	 	Robert C. Cornett, SVP, Human Resources
	 
	 	 
	SUBJECT:

	 	2010 Growth Grant —Nonstatutory Stock Option Agreement
	 
	 	 
	DATE:

	 	March 3, 2010

You have been granted, pursuant to the Company’s 2010 Growth Grant — Long Term Incentive Program
document attached as Exhibit B (“LTIP”), a nonstatutory stock option (the “Option”) under the
terms of the Wright Express Corporation 2005 Equity and Incentive Plan (the “Plan”). Attached to
this Memorandum is an Agreement which, along with the Plan, governs your Option. You will be
receiving separately a copy of the Prospectus for the Plan. The Prospectus contains important
information regarding the Plan, including information regarding restrictions on your rights with
respect to the Option granted to you. You should read the Prospectus carefully.

The Option does not give you rights as a shareholder of the Company unless and until you exercise
the Option, and you may not transfer or assign any rights in your Option. Please note that when
you exercise your Option, the Company is required to withhold federal and state income taxes, as
well as employment taxes, and we will require you to make arrangements to satisfy that
withholding obligation prior to our issuance of any shares to you.

Finally, by accepting this Option you are agreeing to abide by the terms of the Plan, LTIP and
the attached Agreement. To accept this Option, you must agree to the terms set forth in this
Agreement by signing and dating the Memorandum and returning it to Tabitha Hilton in the Human
Resources Office in South Portland, Maine by April 15, 2010.

	 	 	 	 	 
	 

	 	Date of Grant:
	 	March 3, 2010
	 
	 	 	 	 
	 

	 	Number of Options:
	 	[Number of Options]
	 
	 	 	 	 
	 

	 	Exercise Price:
	 	[Exercise Price]
	 
	 	 	 	 
	 

	 	Vesting Period:
	 	3 years (1/3 per year)
	 
	 	 	 	 
	 

	 	Expiration Date:
	 	8 years

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Stock
Non-Statutory Stock Option Award Agreement

USE THE SPACE BELOW TO ACCEPT THIS 2010 GROWTH GRANT:

I have read and agree to the terms set forth in the 2010 Growth Grant Agreement. I accept
this Option described in this Memorandum:

	 	 	 	 	 	 	 
	 

	 	
	 		 	 
	 

	 	Signature of Grantee
	 	Date	 	 

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Stock
Non-Statutory Stock Option Award Agreement

WRIGHT EXPRESS CORPORATION

LONG TERM INCENTIVE PROGRAM

2010 GROWTH GRANT

NONSTATUTORY STOCK OPTION AGREEMENT

     THIS NONSTATUTORY STOCK OPTION AGREEMENT (“Agreement”), dated as of March 3, 2010, is entered
into by and between WRIGHT EXPRESS CORPORATION, a Delaware corporation (the “Company”), and the
Grantee named on the attached Memorandum, dated March 3, 2010, (the “Memorandum”) pursuant to the
terms and conditions of the Wright Express Corporation 2005 Equity and Incentive Plan (the “Plan”)
and the Wright Express Corporation 2010 Growth Grant — Long-Term Incentive Program (“LTIP”)
established thereunder.

     WHEREAS, the Company has the authority under and pursuant to the Plan to grant awards to
eligible employees of the Company and its subsidiaries; and

     WHEREAS, the Company desires to grant a nonstatutory stock option (the “Option”) to the
Grantee subject to the terms and conditions of the Plan, LTIP and this Agreement.

     In consideration of the provisions contained in this Agreement, the Company and the Grantee
agree as follows:

     1. The Plan. The Option granted to the Grantee hereunder is made pursuant to the Plan. A
copy of the prospectus for the Plan has been provided to you and the applicable terms of such Plan
are hereby incorporated herein by reference. Terms used in this Agreement which are not defined in
this Agreement shall have the meanings used or defined in the Plan.

     2. Award. Concurrently with the execution of this Agreement, and subject to the terms and
conditions set forth in the Plan and this Agreement, the Company hereby awards to Grantee an Option
to acquire the number of shares of Company common stock, par value $.01 per share (the “Common
Stock”), indicated in the Memorandum at the exercise price per share of Common Stock (the “Exercise
Price”) indicated in the Memorandum. Unless earlier terminated, this Option shall expire at 5:00
p.m., Eastern time, on March 2, 2018 (the “Final Exercise Date”).

     3. Vesting of Option.

     (a) Subject to Paragraphs 3(b) and (c), this Option will become exercisable (“vest”) as to
one-third of the original number of shares of Common Stock subject to the Option on the first three
anniversaries of the Grant Date. The right of exercise shall be cumulative so that to the extent
the Option is not exercised in any period to the maximum extent permissible it shall continue to be
exercisable, in whole or in part, with respect to all shares of Common Stock subject thereto for
which it is vested until the earlier of the Final Exercise Date or the termination of this option
under Section 4 hereof or the Plan.

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Stock
Non-Statutory Stock Option Award Agreement

     (b) Notwithstanding Paragraph 3(a), upon the Grantee’s death, the Option shall become
immediately and fully vested, subject to any terms and conditions set forth in the Plan or imposed
by the Compensation Committee of the Board of Directors (the “Committee”).

     (c) Notwithstanding Paragraph 3(a), upon a “Change in Control” of the Company, if the
surviving entity does not agree to assume the obligations set forth in the Agreement, then the
Option shall become immediately and fully vested, subject to any terms and conditions set forth in
the Plan or imposed by the Committee. “Change in Control” shall have the meaning set forth in the
Plan.

     4. Exercise of Option; Holding Requirement.

     (a) Form of Exercise. Each election to exercise this Option shall be in writing,
signed by the Grantee, and received by the Company at its principal office, accompanied by this
agreement, and payment in full in the manner provided in the Plan. The Grantee may purchase less
than the number of shares of Common Stock covered hereby, provided that no partial exercise of this
Option may be for any fractional share.

     (b) Continuous Relationship with Company Required. Except as otherwise provided in
this Section 4, this Option may not be exercised unless the Grantee, at the time he or she
exercises this Option, is, and has been at all times since the Grant Date, an employee or officer
of, a Director of, or consultant or advisor to, the Company or any parent or subsidiary of the
Company as defined in Section 424(e) or (f) of the Code (an “Eligible Grantee”).

     (c) Termination of Relationship with the Company. If the Grantee ceases to be an
Eligible Grantee for any reason, then, except as provided in paragraphs (d), (e) and (g) below, the
right to exercise this Option shall terminate three months after such cessation (but in no event
after the Final Exercise Date), provided that this Option shall be exercisable only
to the extent that the Grantee was entitled to exercise this Option on the date of such cessation,
and provided further that the Committee may, in its sole and absolute
discretion agree to accelerate the vesting of the Option, upon termination of employment or
otherwise, for any reason or no reason, but shall have no obligation to do so. Notwithstanding the
foregoing, if the Grantee, prior to the Final Exercise Date, violates the non-competition or
confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement
or other agreement between the Grantee and the Company, the right to exercise this Option shall
terminate immediately upon such violation.

     (d) Exercise upon Death or Disability. If the Grantee dies or becomes disabled
(within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or
he is an Eligible Grantee and the Company has not terminated such relationship for “cause” as
specified in paragraph (e) below, this Option shall be exercisable, within the period of one year
following the date of death or disability of the Grantee, by the Grantee (or in the case of death
by an authorized transferee), provided that this Option shall be exercisable only
to the extent that

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Stock
Non-Statutory Stock Option Award Agreement

this Option was exercisable by the Grantee on the date of his or her death or disability (after
taking into account the vesting provisions of Section 3 hereof), and further provided that this
Option shall not be exercisable after the Final Exercise Date.

     (e) Termination for Cause. If, prior to the Final Exercise Date, the Grantee’s
employment is terminated by the Company for Cause (as defined below), the right to exercise this
Option shall terminate immediately upon notification by the Company of termination of employment.
If, prior to the Final Exercise Date, the Grantee is given notice by the Company of the termination
of his or her employment by the Company for Cause, and the effective date of such employment
termination is subsequent to the date of delivery of such notice, the right to exercise this option
shall be suspended from the time of the delivery of such notice until the earlier of (i) such time
as it is determined or otherwise agreed that the Grantee’s employment shall not be terminated for
Cause as provided in such notice or (ii) the effective date of such termination of employment (in
which case the right to exercise this option shall, pursuant to the preceding sentence, terminate
upon the effective date of such termination of employment). If the Grantee is party to an
employment or severance agreement with the Company that contains a definition of “cause” for
termination of employment, “Cause” shall have the meaning ascribed to such term in such agreement.
Otherwise, “Cause” shall mean willful misconduct by the Grantee or willful failure by the Grantee
to perform his or her responsibilities to the Company (including, without limitation, breach by the
Grantee of any provision of any employment, consulting, advisory, nondisclosure, non-competition or
other similar agreement between the Grantee and the Company), as determined by the Company, which
determination shall be conclusive. The Grantee’s employment shall be considered to have been
terminated for Cause if the Company determines, within 30 days after the Grantee’s resignation,
that termination for Cause was warranted.

     (f) Date of Termination; Loss of Rights. For purposes of the Plan and the Option, a
termination of employment shall be deemed to have occurred on the date upon which the Grantee
ceases to perform active employment duties for the Company following the provision of any
notification of termination or resignation from employment, and without regard to any period of
notice of termination of employment (whether expressed or implied) or any period of severance or
salary continuation. Notwithstanding any other provision of the Plan or this Agreement or any
other agreement (written or oral) to the contrary, the Grantee shall not be entitled (and by
accepting the Option, thereby irrevocably waives any such entitlement) to any payment or other
benefit to compensate the Grantee for the loss of any rights under the Plan as a result of the
termination or expiration of the Option in connection with any termination of employment.
No amounts earned pursuant to the Plan or any Award shall be deemed to be eligible
compensation in respect of any other plan of the Company or any of its subsidiaries.

     (g) Holding Requirement. Notwithstanding anything herein to the contrary, the Grantee
acknowledges that, as a condition to the exercise of the Option, he agrees and covenants not sell
any shares of Common Stock acquired on exercise of the Option until the date that is at least two
years after the applicable vesting date for the portion of the Option so exercised, except that he
shall be permitted to sell, on the date of exercise, a number of shares of Common Stock

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Stock
Non-Statutory Stock Option Award Agreement

sufficient to pay the Exercise Price for the portion of the Option being exercised and the
applicable tax withholding required with respect to such exercise. If the Grantee ceases to be an
Eligible Grantee for any reason except as provided in paragraphs (d) and (e) above and has not held
the position of the Option for two years after the applicable vesting date for the same portion of
the Option, the right to exercise the portion of the Option shall not terminate until three months
after the Holding Requirement has been satisfied.

     5. No Assignment. Except as expressly permitted under the Plan, this Agreement may
not be assigned by the Grantee by operation of law or otherwise.

     6. No Rights to Continued Employment. Neither this Agreement nor the Option shall be
construed as giving the Grantee any right to continue in the employ of the Company or any of its
subsidiaries, or shall interfere in any way with the right of the Company to terminate such
employment.

     7. Governing Law. This Agreement and the legal relations between the parties shall be
governed by and construed in accordance with the internal laws of the State of Delaware, without
effect to the conflicts of laws principles thereof.

     8. Tax Obligations. As a condition to the granting of the Option, the Grantee acknowledges
and agrees that he/she is responsible for the payment of income and employment taxes (and any other
taxes required to be withheld), if any, payable in connection with the exercise of the Option.
Accordingly, the Grantee agrees to remit to the Company or any applicable subsidiary an amount
sufficient to pay such taxes. Such payment shall be made to the Company or the applicable
subsidiary of the Company in a form that is reasonably acceptable to the Company, as the Company
may determine in its sole discretion.

     9. Notices. Any notice required or permitted under this Agreement shall be deemed given when
delivered personally, or when deposited in a United States Post Office, postage prepaid, addressed,
as appropriate, to the Grantee at the last address specified in the Grantee’s employment records
(or such other address as the Grantee may designate in writing to the Company), or to the Company,
97 Darling Avenue, South Portland, ME 04106, Attention: General Counsel, or such other address as
the Company may designate in writing to the Grantee.

     10. Failure to Enforce Not a Waiver. The failure of the Company to enforce at any time any
provision of this Agreement shall in no way be construed to be a waiver of such provision or of any
other provision hereof.

     11. Amendments. This Agreement may be amended or modified at any time by an instrument in
writing signed by the parties hereto.

     12. Authority. The Committee has complete authority and discretion to determine awards under
the Plan, and to interpret and construe the terms of the Plan and this Agreement.

 

 

Form of Wright Express Corporation Long Term Incentive Program 2010 Growth Grant Stock
Non-Statutory Stock Option Award Agreement

The determination of the Committee as to any matter relating to the interpretation or construction
of the Plan or this Agreement shall be final, binding and conclusive on all parties.

     13. Rights as a Stockholder. The Grantee shall have no rights as a stockholder of the Company
with respect to any shares of Common Stock of the Company underlying or relating to the Option
until the issuance of a stock certificate to the Grantee in respect of such Option following
exercise.

     IN WITNESS WHEREOF, this Agreement is effective as of the date first above written.

	 	 	 	 	 
	 	WRIGHT EXPRESS CORPORATION

 	 
	 	

 	 
	 	By: 	Robert C. Cornett	 
	 	Its:      	

      SVP, Human Resources

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