Document:

Form of Employee Restricted Stock Agreement

 Exhibit 10.1 
  
 EMPLOYEE 
  
 FISERV, INC. 
  
 EMPLOYEE RESTRICTED STOCK AGREEMENT 
  

			
	 Employee: [FIRST NAME][LAST NAME]
	  	Date: [DATE]

  
 Number of Shares of Common Stock
Subject To This Agreement: [SHARES] 
  
 Pursuant to the Fiserv, Inc.
Stock Option and Restricted Stock Plan (the “Plan”), the Compensation Committee of the Board of Directors (the “Committee”) of Fiserv, Inc. (the “Company”) has awarded you on this date the number of shares of the
Company’s Common Stock, $.01 par value (the “Common Stock”), set forth above (the “Restricted Stock”). You have agreed to accept the award based on the terms and conditions set forth below: 
  

	 	1.	Date of Award. The Restricted Stock is awarded to you on the date above (the “Award Date”). 

  

	 	2.	Restrictions. Except as otherwise provided herein, Restricted Stock may not be sold, transferred, pledged, assigned, encumbered or otherwise alienated or hypothecated
until the date of release (the “Release Date”) determined as follows: [    ] The Committee, in its sole discretion, may at any time accelerate the Release Date with respect to the Restricted Stock or a portion of
the Restricted Stock. 

  
 On the applicable Release
Date as determined in this Section, that portion of Restricted Stock shall become free of the restrictions above and, subject to Section 4, be freely transferable by you. 
  

	 	3.	Escrow. Certificates for shares of Restricted Stock shall be issued as soon as practicable in your name, but shall be held in escrow by the Company, as escrow
agent. Unless theretofore forfeited as provided herein, Restricted Stock shall cease to be held in escrow and certificates for such Stock shall be delivered to you on the applicable Release Date. 

  

	 	4.	Noncompetition. 

  

	 	(a)	Notwithstanding any other provision in this Agreement, you agree that during the term of your employment with the Company or any Subsidiary, and for a period of 12 months
thereafter, you will not, directly or indirectly, on your behalf or on behalf of any other individual, association or entity, as agent or otherwise: 

  

	 	(i)	 contact any of the clients of any Fiserv Group Company for whom you directly performed any services or had any direct business 

  

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contact for the purpose of soliciting business or inducing such client to acquire any product or service that at any time during the term of this Agreement
is provided or under development by any Fiserv Group Company from any entity other than a Fiserv Group Company; 

  

	 	(ii)	contact any of the clients or prospective clients of any Fiserv Group Company whose identity or other client specific information you discovered or gained access to as a result of
your access to any Fiserv Group Company’s confidential information for the purpose of soliciting or inducing any of such clients or prospective clients to acquire any project or service that at any time during the term of this Agreement is
provided or under development by any Fiserv Group Company from any entity other than a Fiserv Group Company; 

  

	 	(iii)	use any Fiserv Group Company’s confidential information to solicit, influence or encourage any clients or potential clients of any Fiserv Group Company to divert or direct
their business to you or any other person, association or entity by or with whom you are employed, associated, engaged as agent or otherwise affiliated; or 

  

	 	(iv)	encourage, induce or entice any employee of any Fiserv Group Company with access to or possession of confidential information of any Fiserv Group Company to leave any Fiserv Group
Company’s employment. 

  
 If you violate any
of the above covenants, in addition to other remedies of law, your right to this Restricted Stock shall terminate immediately. 
  

	 	(b)	The Company may cancel, rescind, suspend, withhold or otherwise limit or restrict any portion of the Restricted Stock at any time if you are not in compliance with all applicable
provisions of this Agreement and the Plan, or if you engage in any of the activities listed in Section 4(a). In addition, failure to comply with the provisions of Section 4(a) prior to and during the 12 months after any release of Restricted Stock
pursuant to all or any part of this Restricted Stock Agreement shall cause such release to be rescinded. The Company will notify you in writing of any such rescission within 24 months after such release. Within 10 days after receiving such notice
from the Company, you will pay to the Company, as a result of the release of Restricted Stock, an amount equal to the fair market value of the Restricted Stock on the applicable Release Date. 

  

	 	5.	Termination of Employment. 

  

	 	(a)	 In the event that you are no longer a full-time employee of either the 

  

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Company or any Subsidiary of the Company for any reason, including that the Subsidiary ceases to be a Subsidiary, Restricted Stock will be free of
restrictions to the same extent that it was free of restrictions on the date you ceased to be a full-time employee, and the remaining Restricted Stock for which a Release Date has not occurred under Section 2 will be forfeited [.]
[except as indicated by ALTERNATIVE A or B below. 

  
 ALTERNATIVE A 
  

							
	 Minimum Age When No
 Longer a Full-Time
 Employee

	 	 Reason No Longer
 A Full-Time
 Employee

	 	 Date of Death or
 Disability

	 	 Percentage of
 Remaining
 Unreleased
 Restricted Stock to
 be Retained for Each
 Remaining Release
 Date Under Section
2

	 Not applicable
	 	Death * or Disability	 	 aa/aa/aaaa
 bb/bb/bbbb
 cc/cc/cccc
 dd/dd/dddd
 ee/ee/eeee
	 	 20%
 40%
 60%
 80%

100%

		
	 All other combinations of minimum age, reason and minimum years of service.
	 	0%

  

	*	In the event of death of the employee only, all restrictions in Section 2 on Restricted Stock that was retained in accordance with this table will lapse immediately.

  
 ALTERNATIVE B 
  

							
	 Minimum Age When No
 Longer a Full-Time
 Employee

	 	 Reason No Longer
 A Full-Time
 Employee

	 	 Minimum
 Years of Service

	 	 Percentage of
 Remaining
 Unreleased
 Restricted Stock to
 be Retained for Each
 Remaining Release
 Date Under Section
2

	 Not applicable
	 	Death * or Disability	 	 6
 7
 8
 9
 10
	 	 20%
 40%
 60%
 80%

100%

				
	 55
	 	Other	 	25	 	100%
				
	 62
	 	Other	 	6	 	20%
	 	 	 	 	7	 	40%
	 	 	 	 	8	 	60%
	 	 	 	 	9	 	80%
	 	 	 	 	10	 	100%
				
	 65
	 	Any reason	 	0	 	100%
		
	 All other combinations of minimum age, reason and minimum years of service.
	 	0%

	*	In the event of death of the employee only, all restrictions in Section 2 on Restricted Stock that was retained in accordance with this table will lapse immediately.]

  

	 	(b)	Notwithstanding the foregoing, in the event that your Employment is terminated for cause or without the consent of the Company, all Restricted Stock for which a Release Date has not
occurred under Section 2 prior to such termination shall be forfeited to the Company on the date on which such termination occurs. 

  

	 	(c)	 If a Change of Control of the Company occurs and the Board of Directors does not, for any reason, act under the provisions of Subsection 9.3 of the 

  

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Plan, all shares of Restricted Stock under this Agreement shall become fully vested, and any restrictions thereon shall terminate, as of the date such Change
of Control is determined to have occurred. 

  

	 	(d)	If a change of control of the Company has occurred and the Board of Directors (i) made provisions for the continuation of each award of Restricted Stock or (ii) reached an agreement
with the acquiring or surviving entity that the acquiring or surviving entity will convert each share of Restricted Stock into shares, or fractions of a share, of stock of the acquiring or surviving entity (which shares may be subject to
restrictions substantially similar to restrictions on the Restricted Stock) at least equal value (without deduction for any restrictions on such shares of Restricted Stock), determined as of the date of the transaction (the “Replacement
Stock”), and if you are terminated without cause or you terminate your employment for Good Reason (as hereinafter defined) within 12 months following the occurrence of the Change of Control, notwithstanding the provisions of Section 5(b) of
this Agreement with respect to termination of employment without consent of the Company, the Restricted Stock or Replacement Stock under this Agreement shall become fully vested, and any restrictions thereon shall terminate, and the provisions of
Section 4(a)(i) and (iv) shall no longer apply, as of the time immediately prior to such termination of employment. For purposes of this Agreement, “Good Reason” shall mean your suffering any of the following events without your consent:
(x) significant or material lessening of your responsibilities; (y) a reduction in your annual base salary or a material reduction in the level of incentive compensation for which you have been eligible during the two years immediately prior to the
occurrence of the Change of Control and/or a material adverse change in the conditions governing receipt of such incentive compensation from those that prevailed prior to the occurrence of the Change of Control; or (z) the Company’s requiring
you to be based anywhere other than within 50 miles of your place of employment at the time of the occurrence of the Change of Control, except for reasonably required travel to an extent substantially consistent with your business travel
obligations. The Board of Directors must determine that any such modification in clause (i) or (ii) above does not have a substantial adverse economic impact on you, as determined at the time of the transaction. 

  

	 	6.	Certificate Legend. Each certificate for shares of Restricted Stock may bear the following legend: 

  
 “THE SALE OR OTHER TRANSFER OF THE SHARES OF STOCK REPRESENTED BY THIS
CERTIFICATE, WHETHER VOLUNTARY, INVOLUNTARY OR BY OPERATION OF LAW, IS SUBJECT TO CERTAIN RESTRICTIONS SET FORTH IN THE FISERV, INC. STOCK OPTION AND RESTRICTED STOCK PLAN AND A RESTRICTED STOCK AGREEMENT BETWEEN FISERV, INC. AND THE REGISTERED
OWNER HEREOF. A COPY OF SUCH PLAN AND SUCH AGREEMENT MAY BE OBTAINED FROM THE SECRETARY OF FISERV, INC.” 
  

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 When the restrictions imposed by Sections 2 and 4 hereof terminate, you shall be entitled to have the
foregoing legend removed from the certificates representing such Restricted Stock. 
  

	 	7.	Voting Rights; Dividends and Other Distributions. 

  

	 	(a)	While the Restricted Stock is subject to restrictions under Section 2 and prior to any forfeiture thereof, you may exercise full voting rights for the Restricted Stock registered in
your name and held in escrow hereunder. 

  

	 	(b)	While the Restricted Stock is subject to the restrictions under Section 2 and prior to any forfeiture thereof, you shall be entitled to receive all dividends and other distributions
paid with respect to the Restricted Stock. If any such dividends or distributions are paid in Stock, such shares shall be subject to the same terms, conditions and restrictions as the shares of Restricted Stock with respect to which they were paid,
including the requirement that Restricted Stock be held in escrow pursuant to Section 3 hereof. 

  

	 	(c)	Subject to the provisions of this Agreement, you shall have, with respect to the Restricted Stock, all other rights of a holder of Common Stock. 

  

	 	8.	Securities Representations. You acknowledge receipt of the Prospectus under the Registration Statement on Form S-8 (Registration No. 333-34310) with respect to the
Plan filed by the Company with the Securities and Exchange Commission. You understand that if you are an officer, director, 10% shareholder or are otherwise an “affiliate” (within the meaning of Rule 405 under the Securities Act of 1933)
of the Company, you may not sell or otherwise dispose of any shares acquired except pursuant to a Registration Statement meeting the requirements of the Securities Act of 1933 or an exemption from the registration requirements of such Act. You
represent and agree that you will comply with all applicable laws relating to the Plan and the award of Restricted Stock and the disposition of the Restricted Stock, including without limitation federal and state securities and “blue sky”
laws. 

  

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	 	9.	Tax Representations.  

  

	 	(a)	You represent and warrant that you understand the Federal, state and local income tax consequences of the award of the Restricted Stock to you, the lapse of the restrictions on the
Restricted Stock and the subsequent sale or other disposition of any Restricted Stock. In addition, you understand and agree that, when the restrictions lapse and you thereby realize gross income (if any) taxable as compensation, the Company will be
required to withhold Federal, state and local taxes on the full amount of the compensation income realized by you and may also be required to withhold other amounts as a result of the stock restrictions lapsing. Accordingly, you hereby agree to
provide the Company with cash funds or Common Stock (subject to Section 9(b)) equal in value to the total federal, state and local taxes and other amounts required to be withheld by the Company or its Subsidiary in respect of any such compensation
income or make other arrangements satisfactory to the Company regarding such payment. All matters with respect to the total amount to be withheld shall be determined by the Committee in its sole discretion. 

  

	 	(b)	If you do not make an election under Section 83(b) of the Code with respect to the Restricted Stock awarded hereunder, you may satisfy the Company’s withholding tax
requirements by electing to have the Company withhold that number of shares of unrestricted Common Stock otherwise deliverable to you from escrow hereunder or to deliver to the Company a number of shares of Common Stock, in each case, having a Fair
Market Value on the Tax Date (as such terms are below) equal to the minimum amount required to be withheld as a result of the termination of the restrictions on such Restricted Stock. The election must be made in writing in accordance with such
rules and regulations and in such form as the Committee may determine. The election must be delivered to the Company prior to the Tax Date. If the number of shares so determined shall include a fractional share, then you shall deliver cash in lieu
of such fractional share. As used herein: (y) “Tax Date” means the date on which you must include in your gross income for federal income tax purposes the fair market value of the Common Stock released from the restrictions of Section 2;
and (z) “Fair Market Value” means the per share closing price on the date in question on the principal market in which shares of stock which are equivalent to the Restricted Stock are then traded or, if no sales of such stock have taken
place on such date, the closing price on the most recent date on which selling prices were quoted. 

  

	 	10.	General Provisions. 

  

	 	(a)	Neither the Plan nor this Agreement shall confer upon you any right to continue to be employed by the Company or any Subsidiary of the Company or limit in any respect any right of
the Company or any Subsidiary of the Company to terminate your employment at any time, without liability. 

  

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	 	(b)	This Agreement contains the entire agreement between the Company and you relating to the Restricted Stock and supersedes all prior agreements or understandings relating thereto.

  

	 	(c)	This Agreement may not be amended, changed or waived other than by written instrument signed by the parties hereto. 

  

	 	(d)	If any one or more provisions of this Agreement shall be found to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining
provisions hereof shall not in any way be affected or impaired thereby. 

  

	 	(e)	This Agreement shall be governed by and construed in accordance with the laws of the State of Wisconsin, without regard to conflict of law provisions. 

  

	 	(f)	The Company and you agree that they will both be subject to and bound by all of the terms and conditions of the Plan. The Plan Prospectus is accessible on the Company’s
administrative agent’s website in the “forms library” (www.wachovia.com/corp_inst/soa/login), or a paper copy is available upon request. Any capitalized term not defined herein shall have the meaning ascribed to it in the Plan. In the
event of a conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall govern. 

  

	 	(g)	The Restricted Stock is not transferable otherwise than by will or the laws of descent and distribution. 

  

	 	(h)	This Agreement shall be binding upon and inure to the benefit of any successor or assign of the Company and to any heir, distributee, executor, administrator or legal representative
entitled by law to your rights hereunder. 

  

	 	(i)	You understand that, under the terms of the Plan and this Agreement, the Company may cancel or rescind this Restricted Stock in certain circumstances, including, without limitation,
if you violate the provisions of Section 4(a) prior to, or within 12 months after, the release of any Restricted Stock. 

  

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 Please acknowledge acceptance of this Agreement by signing the enclosed copy of this Agreement in the
space provided below and returning it promptly to Corporate Finance. 
  

			
	 FISERV, INC.

		
	 By:
	 	  

	 	 	 Senior Executive Vice President

  

					
	 Accepted and Agreed to:

	
	  

	 Signature of Employee

	
	  

	 Street Address

	
	  

	 City
	 	State	 	Zip Code

  

 8Form of Restricted Stock Agreement dated December 7, 2004

 Exhibit 10.39 
  
 FORM OF RESTRICTED STOCK AGREEMENT 
 For Employees 
  
 THIS
AGREEMENT is made as of [September/December]     , 2004 between                      (“Recipient”) and
NATCO Group Inc. (the “Company”). 
  
 1. As of
[September/December]     , 2004, the Company grants to Recipient                      shares of Common Stock, $0.01
par value (“Common Stock”), of the Company (the “Shares”) in accordance with and subject to the terms of the NATCO Group Inc. [2001/2004] Stock Incentive Plan (the “[2001/2004] Stock Plan”) and this Agreement. It is
understood that the consideration for the issuance of the Shares shall be Recipient’s agreement to render future services as an employee of the Company, which services have a value not less than the par value of the Shares. Recipient
acknowledges receipt of a copy of the [2001/2004] Stock Plan and agrees that this award of Shares shall be subject to all the terms and provisions of the [2001/2004] Stock Plan. In the event of any conflict between the terms of this Agreement and
the [2001/2004] Stock Plan, the terms of the [2001/2004] Stock Plan shall govern. Capitalized terms used but not defined in this Agreement have the respective meanings attributed to such terms under the [2001/2004] Stock Plan. 
  
 2. Promptly after the execution of this Agreement by Recipient, the Company
shall cause Mellon Investor Services, LLC, the transfer agent for the Common Stock (together with its successors and assigns, the “Transfer Agent”), to issue a stock certificate showing ownership for the Shares in the name of Recipient
subject to the terms and conditions of this Agreement and the [2001/2004] Stock Plan. The Shares shall be issued from Common Stock reserved for issuance pursuant to the [2001/2004] Stock Plan as grants under such plan (“Plan Shares”). The
certificate or certificates evidencing the Shares subject hereto shall be delivered to and deposited with the Secretary of the Company as Escrow Agent in this transaction. Such certificates are to be held by the Escrow Agent until termination of the
Restricted Period, at which time they shall be released by said Escrow Agent to Recipient. All certificates representing any Shares subject to the provisions of this Agreement shall have endorsed thereon the following legend: 
  
 “The shares represented by this certificate are subject to an agreement
between the Company and the registered holder, a copy of which is on file at the principal office of the Company.” 
  
 3. During the Restricted Period (as defined below) for the Shares, Recipient shall not sell, assign, exchange, transfer, pledge, hypothecate or otherwise
dispose of, transfer or encumber any of such Shares. This prohibition against transfer and the obligation to forfeit and surrender Shares to the Company as provided herein are referred to as the “Forfeiture Restrictions.” A breach of the
terms of this Agreement shall cause a forfeiture of the Shares. During the Restricted Period, Recipient shall have all the rights of a shareholder with respect to the Shares except for the right to transfer the Shares. Accordingly, Recipient shall
have the right to vote the Shares and to receive any cash dividends paid to or made with respect to the Shares. 
  

 4. Recipient represents that the Shares are being acquired for investment and that Recipient has no
present intention to transfer, sell or otherwise dispose of the Shares, except in compliance with applicable securities laws, and the parties agree that the Shares are being acquired in accordance with and subject to the terms, provisions and
conditions of this Agreement and the Plan. Recipient agrees that (a) the Company may refuse to register the transfer of the Restricted Shares on the stock transfer records of the Company if such proposed transfer would constitute a violation of the
Forfeiture Restrictions or any applicable securities law and (b) the Company may give related instructions to the Transfer Agent to stop registration of the transfer of the Restricted Shares. 
  
 5. The Forfeiture Restrictions shall lapse as to all of the Shares on the
date that the Company has achieved an earnings per share of at least $1.00 calculated on a trailing twelve months basis as of the last day of a quarter, for three consecutive quarters; provided that (i) earnings per share may be normalized to
exclude “special items” which in the opinion of the [Audit Committee of the Company’s Board of Directors] are appropriate to exclude in consideration of the Company’s financial performance and (ii) Recipient has continuously
served as an employee of the Company or a direct or indirect subsidiary of the Company from the date of this Agreement until such date. Notwithstanding the foregoing, the Forfeiture Restrictions may earlier lapse as to all of the Shares pursuant to
Section VIII of the [2001/2004] Stock Plan or upon the occurrence of a Corporate Change. A certificate for all Shares granted pursuant to this Agreement will be issued to Recipient following such date of release, or, at Recipient’s election,
may be transferred in book entry form to Recipient’s brokerage account (subject to any adjustment to withhold Shares to pay taxes as provided below). Any period during which Shares are subject to restriction under this Agreement is referred to
as the “Restricted Period”. In the events (a) of termination of Recipient’s service as an employee of the Company or a subsidiary for any reason during the Restricted Period, except as otherwise provided above, or (b) the performance
goal is not attained on or before [September 30, 2007][December 31, 2007], all Shares, for no consideration, shall be immediately forfeited to the Company. 
  
 6. The Company shall be required to withhold the amount of taxes required to satisfy any applicable federal, state and local tax withholding obligations
arising from the lapse of restrictions on the Shares. Recipient may elect to satisfy any such tax obligation in cash or by authorizing the Company to withhold from the Shares issued to Recipient as a result of the lapse of the restrictions on
Shares, the number of whole shares of Common Stock required to satisfy such tax obligation, the number to be determined by the Fair Market Value of the Shares on the date of the lapse of the restrictions on Shares. If Recipient elects to withhold
shares of Common Stock to satisfy any such tax obligation, Recipient shall pay in cash any obligation that remains after the application of whole shares that is less than the value of a whole share. 
  
 7. Recipient understands that the Company will, and Recipient hereby
authorizes the Company to, issue such instructions to the Transfer Agent as the Company may deem necessary or proper to comply with the intent and purposes of this Agreement. This instruction serves as a stock power by Recipient to the Company with
respect to the Shares during the Restricted Period, which stock power shall expire at the end of the Restricted Period. 
  

 [Include for Section 16 officers only] 8. After the Forfeiture Restrictions have lapsed with
respect to the Shares as provided above, for so long as Recipient remains an employee of the Company or a subsidiary, Recipient is required to retain at least one-third of the Shares for a period of three years following lapse of the Forfeiture
Restrictions applicable to such Shares, unless the Governance, Nominating & Compensation Committee of the Company’s Board of Directors (or successor committee under the [2001/2004] Stock Plan) shall approve a lower or no retention threshold
a on a case-by-case basis after a showing of demonstrated need or special circumstance. 
  
 9. This Agreement shall be binding upon and inure to the benefit of the parties hereto and the successors and assigns of the Company and the successors, assigns, heirs and personal representatives of Recipient.

  
 10. No provision contained in this Agreement shall in any way
terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee pursuant to the terms of the [2001/2004] Stock Plan, including, without limitation, the
Committee’s rights to make certain determinations and elections with respect to the Restricted Shares. 
  
 11. This Agreement shall not be deemed to (a) confer upon Recipient any right with respect to continuation of employment with the Company or a subsidiary
or (b) affect the terms and conditions of any other agreement between the Company and Recipient except as expressly provided herein. 
  
 12. This Agreement shall be governed by the laws of the State of Delaware applicable to agreements made and to be performed entirely within such State.
This Agreement may not be altered, modified, changed or discharged, except by a writing signed by or on behalf of both the Company and Recipient. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same Agreement. 
  
 IN WITNESS WHEREOF, the parties have signed this Agreement as of the date first written above. 
  

									
	NATCO Group Inc.	 	 	 	Recipient
				
	By:	 	 	 	 	 	 
	 	 	 [Name]
	 	 	 	 [Name]
	 	 
	 	 	 [Title]

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