Document:

Wright Express Employee Stock Purchase Plan

 Exhibit 10.7 
  
 WRIGHT EXPRESS CORPORATION 
 EMPLOYEE STOCK PURCHASE PLAN 
  
 1. Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase common stock of Wright Express Corporation. 
  
 2. Definitions. 
  
 a. “Board” shall mean the Board of Directors of the Company.

  
 b. “Change in Capitalization” shall mean any
increase or reduction, or change in the shares of Common Stock or exchange of shares of Common Stock for a different number or kind of shares or other securities of the Company by reason of a reclassification, recapitalization, merger,
consolidation, reorganization, stock dividend, stock split or reverse stock split, combination or exchange of shares, repurchase of shares, change in corporate structure or otherwise. 
  
 c. “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 d. “Committee” shall mean the Compensation Committee of the Board,
or such other Committee appointed by the Board to administer the Plan and to perform the functions set forth herein. 
  
 e. “Common Stock” shall mean shares of common stock, par value $.01 per share, of the Company. 
  
 f. “Company” shall mean Wright Express Corporation, a Delaware
corporation. 
  
 g. “Compensation” shall mean the fixed
salary or base wage paid by the Company to an Employee as reported by the Company to the United States government (or other applicable government) for income tax purposes, including an Employee’s portion of salary deferral contributions
pursuant to Section 401(k) of the Code and any amount excludable pursuant to Section 125 of the Code, but excluding any bonus, fee, overtime pay, severance pay, expenses, stock option or other equity incentive income, or other special emolument or
any credit or benefit under any employee plan maintained by the Company. 

 h. “Continuous Status as an Employee” shall mean the absence of any interruption or termination
of service as an Employee. Continuous Status as an Employee shall not be considered interrupted in the case of a leave of absence agreed to in writing by the Company (including, but not limited to, military or sick leave), provided that such
leave is for a period of not more than 90 days or reemployment upon the expiration of such leave is guaranteed by contract or statute. 
  
 i. “Designated Subsidiaries” shall mean the subsidiaries of the Company (for purposes of Code Section 424(f) and (g)) which have been designated
by the Committee, subject to stockholder approval if required, from time to time in its sole discretion as eligible to participate in the Plan. 
  
 j. “Employee” shall mean any person, including an officer, who is employed by the Company or one of its Designated Subsidiaries. 
  
 k. “Exchange Act” shall mean the Securities Exchange Act of 1934,
as amended. 
  
 l. “Exercise Date” shall mean the last
business day of each Offering Period. 
  
 m. “Fair Market
Value” means, with respect to any share of Common Stock as of a particular date (i) the mean between the highest and lowest reported sales price per share of Common Stock on the national securities exchange on which the Common Stock is
principally traded, for the last preceding date on which there was a sale of such Common Stock on such exchange, or (ii) if the shares of Common Stock are then traded in an over-the-counter market, the average of the closing bid and asked prices for
the shares of Common Stock in such over-the-counter market for the last preceding date on which there was a sale of such Common Stock in such market, or (iii) if the shares of Common Stock are not then listed on a national securities exchange or
traded in an over-the-counter market, such value as the Committee, in its sole discretion, shall determine in good faith. 
  
 n. “Offering Date” shall mean the first business day of each calendar month of each Plan Year, or such other date or dates determined by the
Committee. 
  

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 o. “Offering Period” shall mean each calendar month of each Plan Year, commencing on each
Offering Date, or such other period or periods determined by the Committee. 
  
 p. “Participant” shall mean an Employee who participates in the Plan. 
  
 q. “Plan” shall mean this Wright Express Corporation Employee Stock Purchase Plan, as amended from time to time. 
  
 r. “Plan Year” shall mean the calendar year, or such other period
or periods determined by the Committee. 
  
 3. Eligibility.
Subject to the requirements of Section 4.b. hereof, any person who is (i) an Employee as of an Offering Date and (ii) who is regularly scheduled to work at least 20 hours per week and at least 5 months per year shall be eligible to participate in
the Plan and be granted an option for the Offering Period commencing on such Offering Date if (iii) at the commencement of such Offering Period such person has maintained Continuous Status as an Employee for at least three months; provided,
however, that the Committee shall have the right to exclude from eligibility and participation any officer of the Company or any subsidiary who is a highly compensated employee within the meaning of Code Section 414(q). 
  
 4. Grant of Option; Participation. 
  
 a. On each Offering Date, the Company shall commence an offer by granting
each eligible Employee an option to purchase shares of Common Stock, subject to the limitations set forth in Sections 3 and 10 hereof. All Employees granted options shall have the same rights and privileges with respect to such options, except that
the amount of stock which may be purchased under an option may bear a uniform relationship to Compensation. An Employee shall not be granted an option if immediately after the option were granted (and applying Code Section 424(d)), the Employee
would own stock possessing 5% or more of the total combined voting power or value of all classes of stock of the Company or of its parent or subsidiary corporation, within the meaning of Code Section 424(e) or (f) and Code Section 424(g).

  
 b. Each eligible Employee may elect to become a Participant in
the Plan with respect to an Offering Period, only by filing an agreement with the Company authorizing contributions (as set forth in Section 5 hereof). Such authorization will remain in effect for subsequent Offering Periods, until modified or
terminated by the Participant. 
  

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 c. The option price per share of the Common Stock subject to an offering shall be 95% (or such other
percentage determined by the Committee) of the Fair Market Value of a share of Common Stock as of the Exercise Date (or as of such other time or times determined by the Committee); provided, however, that the option price shall not be less than 85%
of the Fair Market Value as of the Exercise Date or as of the Offering Date, which ever is less. 
  
 d. An Employee shall not be granted an option to purchase shares of Common Stock which would permit the Employee’s rights to purchase stock (as
determined under Code Section 423(b)(8)) under all employee stock purchase plans (within the meaning of Code Section 423) of the Company or its parent or subsidiary corporation (within the meaning of Code Section 424(e) or (f) and Code Section
424(g)) to accrue at a rate which exceeds $25,000 in Fair Market Value (determined at the time the option is granted) for each calendar year during which the option is outstanding at any time. 
  
 5. Payroll Deductions. 
  
 a. A Participant may, in accordance with rules adopted by the Committee,
authorize a payroll deduction (or such other method of payment determined by the Committee) of any whole percentage from 2 percent to 10 percent of such Participant’s Compensation for each pay period. A Participant may increase or decrease such
payroll deduction (including a cessation of payroll deductions) at any time but not more frequently than once per calendar month, by filing a new authorization form with the Committee. For purposes of this Plan, any reference to contributions by
payroll deduction is deemed to also include any other method of contribution determined by the Committee from time to time. 
  
 b. All payroll deductions made by a Participant shall be credited to such Participant’s account under the Plan. A Participant may not make any
additional payments into such account. 
  

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 6. Exercise of Option. 
  
 a. Unless a Participant withdraws from the Plan as provided in Section 8 hereof, such Participant’s option to purchase
shares will be exercised automatically on the Exercise Date, and the maximum number of shares subject to such option will be purchased for such Participant at the applicable option price with the accumulated payroll deductions and cash dividends
(credited pursuant to Section 9 hereof) in such Participant’s account. During a Participant’s lifetime, a Participant’s option to purchase shares hereunder is exercisable only by such Participant. 
  
 b. If applicable, any cash balance remaining in a Participant’s account
after the termination of an Offering Period will be carried forward to the Participant’s account for the purchase of Common Stock during the next Offering Period unless the Participant elects to terminate participation in the Plan under Section
8 hereof, in which case the Participant will receive a cash payment equal to the balance of his or her account. 
  
 c. The shares of Common Stock purchased upon exercise of an option hereunder shall be credited to the Participant’s account under the Plan and shall
be deemed to be transferred to the Participant on the Exercise Date and, except as otherwise provided herein, the Participant shall have all rights of a stockholder with respect to such shares. 
  
 7. Delivery of Common Stock. As promptly as practicable after receipt
by the Committee of a written request for withdrawal of Common Stock from any Participant, the Company shall arrange the delivery to such Participant of a stock certificate representing the shares of Common Stock which the Participant requests to
withdraw. Withdrawals may not occur prior to 30 days after the Exercise Date on which such shares of Common Stock were purchased. Shares of Common Stock received upon stock dividends or stock splits shall be treated as having been purchased on the
Exercise Date of the shares to which they relate. 
  

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 8. Withdrawal; Termination of Employment. 
  
 a. A Participant may withdraw all, but not less than all, the payroll
deductions and cash dividends credited to such Participant’s account (that have not been used to purchase shares of Common Stock) under the Plan at any time by giving written notice to the Company received prior to the Exercise Date. All such
payroll deductions and cash dividends credited to such Participant’s account will be paid to such Participant promptly after receipt of such Participant’s notice of withdrawal and such Participant’s option for the Offering Period in
which the withdrawal occurs will be automatically terminated. No further payroll deductions for the purchase of shares of Common Stock will be made for such Participant during such Offering Period and for the following Offering Period, and any
additional cash dividends during the Offering Period will be distributed to the Participant. 
  
 b. Upon termination of a Participant’s Continuous Status as an Employee during the Offering Period for any reason, including voluntary termination, retirement or death, the payroll deductions and cash dividends
credited to such Participant’s account (that have not been used to purchase shares of Common Stock) will be returned (and any future cash dividends will be distributed) to such Participant or, in the case of such Participant’s death, to
the person or persons entitled thereto under Section 12 hereof, and such Participant’s option will be automatically terminated. 
  
 9. Dividends and Interest. 
  
 a. Cash dividends paid on Common Stock held in a Participant’s account shall be credited to such Participant’s account and used in addition to
payroll deductions to purchase shares of Common Stock on the Exercise Date or distributed to Participants in cash. Dividends paid in Common Stock or stock splits of the Common Stock shall be credited to the accounts of Participants. Dividends paid
in property other than cash or Common Stock shall be distributed to Participants as soon as practicable. 
  
 b. No interest shall accrue on or be payable with respect to the payroll deductions or credited cash dividends of a Participant in the Plan. 

 
 10. Stock. 
  
 a. The maximum number of shares of Common Stock which shall be reserved for
sale under the Plan shall be 300,000, subject to adjustment upon 

  

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Changes in Capitalization of the Company as provided in Section 16 hereof. If the total number of shares which would otherwise be subject to options granted
pursuant to Section 4.a. hereof on an Offering Date exceeds the number of shares then available under the Plan (after deduction of all shares for which options have been exercised or are then outstanding), the Committee shall make a pro rata
allocation of the shares remaining available for option grant in as uniform a manner as shall be practicable and as it shall determine to be equitable. In such event, the Committee shall give written notice to each Participant of such reduction of
the number of option shares affected thereby and shall similarly reduce the rate of payroll deductions, if necessary. 
  
 b. Shares of Common Stock to be delivered to a Participant under the Plan will be registered in the name of the Participant or, at the election of the
Participant, in the name of the Participant and another person as joint tenants with rights of survivorship. 
  
 11. Administration. The Plan shall be administered by the Committee, and the Committee may select an administrator to whom its duties and
responsibilities hereunder may be delegated. The Committee shall have full power and authority, subject to the provisions of the Plan, to promulgate such rules and regulations as it deems necessary for the proper administration of the Plan, to
interpret the provisions and supervise the administration of the Plan, and to take all action in connection therewith or in relation thereto as it deems necessary or advisable. Any decision reduced to writing and signed by a majority of the members
of the Committee shall be fully effective as if it had been made at a meeting duly held and shall be binding on all parties. The Company will pay all expenses incurred in the administration of the Plan. No member of the Committee shall be personally
liable for any action, determination, or interpretation made in good faith with respect to the Plan. 
  
 12. Designation of Beneficiary. 
  
 a. A Participant may file, on forms supplied by and delivered to the Committee or its designee, a written designation of a beneficiary who is to receive
any shares and cash remaining in such Participant’s account under the Plan in the event of the Participant’s death. 
  
 b. Such designation of beneficiary may be changed by the Participant at any time by submitting a new beneficiary designation form. In the event of the
death of a Participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such Participant’s death, the Company shall deliver such shares and/or cash to the executor or administrator of the estate
of 

  

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the Participant or, if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver
such shares and/or cash to the spouse or to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. 
  
 13. Transferability. Neither payroll deductions credited to a
Participant’s account nor any rights with regard to the exercise of an option or to receive shares under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and
distribution or as provided in Section 12 hereof) by the Participant. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect, except that the Company may treat such act as an election to withdraw funds in
accordance with Section 8 hereof. 
  
 14. Use of Funds. All
payroll deductions received or held by the Company under the Plan may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions. 
  
 15. Reports. Individual accounts will be maintained for each
Participant in the Plan. Statements of account will be given to participating Employees as soon as practicable following each Offering Period, which statements will set forth the amounts of payroll deductions, the per share purchase price, the
number of shares of Common Stock purchased, the aggregate shares in the Participant’s account and the remaining cash balance, if any. 
  
 16. Effect of Certain Changes. In the event of a Change in Capitalization or the distribution of an extraordinary dividend, the Committee shall
conclusively determine the appropriate equitable adjustments, if any, to be made under the Plan, including without limitation adjustments to the number of shares of Common Stock which have been authorized for issuance under the Plan but have not yet
been placed under option, as well as the price per share of Common Stock covered by each option under the Plan which has not yet been exercised. 
  
 17. Amendment or Termination. The Board may terminate or amend the Plan at any time and for any reason or no reason. Except as provided in Section
16 hereof, no such termination can adversely affect options previously granted and no amendment may make any change in any option theretofore granted which adversely affects the rights of any Participant. No amendment shall be effective unless
approved by the stockholders of the Company if stockholder approval of such amendment is required to comply with Rule 16b-3 under the Exchange Act or to comply with any other law, regulation or stock exchange rule. 
  

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 18. Notices. All notices or other communications by a Participant to the Committee or its designee
under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by the Committee at the location, or by the person, designated by the Company for the receipt thereof. 
  
 19. Regulations and Other Approvals; Governing Law. 
  
 a. This Plan and the rights of all persons claiming hereunder shall be
construed and determined in accordance with the laws of the State of Delaware without giving effect to the choice of law principles thereof, except to the extent that such law is preempted by federal law. 
  
 b. The obligation of the Company to sell or deliver shares of Common Stock
with respect to options granted under the Plan shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be
deemed necessary or appropriate by the Committee. 
  
 c.
Transactions pursuant to the Plan are intended to qualify for the exemption from Section 16(b) of the Exchange Act provided by Rule 16b-3 under the Exchange Act and the Committee shall interpret and administer the provisions of the Plan in a manner
consistent therewith. Any provisions inconsistent with such Rule shall be inoperative and shall not affect the validity of the Plan. 
  
 20. Withholding of Taxes. If the Participant makes a disposition, within the meaning of Section 424(c) of the Code and regulations promulgated
thereunder, of any share or shares issued to such Participant pursuant to such Participant’s exercise of an option, and such disposition occurs within the two-year period commencing on the day after the Offering Date or within the one-year
period commencing on the day after the Exercise Date, such Participant shall, within ten (10) days of such disposition, notify the Company thereof and thereafter immediately deliver to the Company any amount of Federal, state or local income taxes
and other amounts which the Company informs the Participant the Company is required to withhold. 
  
 21. Effective Date. The Plan shall become effective upon its approval by the stockholders of the Company, but no Offering Period shall
commence until determined by the Committee or Board. 
  

 9Wright Express Non-Employee Directors Deferred Compensation Plan

 Exhibit 10.8 
  
 WRIGHT EXPRESS CORPORATION 
  
 NON-EMPLOYEE DIRECTORS 
 DEFERRED
COMPENSATION PLAN 
  

	1)	Purpose. The purpose of the Wright Express Corporation Non-Employee Directors Deferred Compensation Plan (the “Plan”) is to enable directors of Wright Express
Corporation (the “Company”) who are not also employees of the Company to defer the receipt of certain compensation earned in their capacity as non-employee directors of the Company. 

  

	2)	Eligibility; Participation. Directors of the Company who are not also employees of the Company or any of its subsidiaries (“Directors”) are eligible to participate
in the Plan. An eligible Director may commence participation by submitting to the Committee (as defined below) or its designee, a written election to defer eligible compensation. 

  

	3)	Administration. The Plan shall be administered by the Compensation Committee of the Board of Directors of the Company (the “Committee”). The Committee shall have
the authority to adopt rules and regulations for carrying out the Plan’s intent and to interpret, construe and implement the provisions thereof. Determinations made by the Committee with respect to the Plan, any deferral made hereunder and any
Director’s account shall be final and binding on all persons, including but not limited to the Company, each Director participating in the Plan and such Director’s beneficiaries. 

  

	4)	Deferral of Fees. Subject to such rules and procedures that the Committee may establish from time to time, and subject to any determinations of the Company to pay
compensation to Directors from time to time, a Director may elect to defer under the Plan all or a portion of his or her annual retainer fees, as well as such other fees, stipends, incentive awards and other payments determined by the Committee to
be eligible for deferral from time to time that are, in each case, otherwise payable in cash in accordance with the Company’s policies as in effect from time to time (such cash compensation, collectively, “Fees”).

  
 In order to defer all or any portion of a
Director’s Fees, the Director must complete a deferral election in such form, and at such time, as determined by the Committee in its sole discretion. Once a Director has elected to defer any portion of the Director’s Fees, the election
shall continue in force for the remainder of the Director’s service as a member of the Board of Directors of the Company; provided, however, that a Director may, no later than 60 days prior to the beginning of any calendar year, revoke his or
her deferral election with respect to the entirety of such calendar year and all subsequent calendar years. Such revocation shall remain in effect until the Director submits a new deferral election pursuant to the procedures established by the
Committee. 

	5)	Form of Deferral. The Company shall establish a separate deferred compensation account on its books in the name of each Director who has elected to participate in the Plan. A
number of Restricted Stock Units (as defined in the Company’s 2005 Equity and Incentive Plan or a successor plan) (the “Stock Plan”) payable in shares of Company common stock, par value $0.01 per share (“Company Stock”) or,
in the Committee’s discretion, cash shall be credited to each such Director’s account as of each date (a “Deferral Date”) on which amounts deferred under the Plan would otherwise have been paid to such Director. The Restricted
Stock Units credited to a participating Director’s account under the Plan shall be issued under the Stock Plan. The number of Restricted Stock Units credited to a Director’s account as of each Deferral Date shall be calculated by dividing
by the amount so deferred by the Fair Market Value (as defined in the Stock Plan) of a share of Company Stock as of such Deferral Date. The Restricted Stock Units so credited shall be immediately vested and non-forfeitable and shall become payable
as set forth in Section 9. Except as set forth herein, the terms and conditions of the Restricted Stock Units credited to Director’s accounts under the Plan shall be governed by the Stock Plan, including, but not limited to, the equitable
adjustment provisions set forth in Section 5 thereof and provisions with respect to a Change in Control (as defined in the Stock Plan). 

  

	6)	Dividend Equivalents. Additional Restricted Stock Units shall be credited to a Director’s account as of each date (a “Dividend Date”) on which cash dividends
and/or special dividends and distributions are paid with respect to Company Stock, provided that at least one Restricted Stock Unit is credited to such Director’s account as of the record date for such dividend or distribution. The number of
Restricted Stock Units to be credited to a Director’s account under the Plan as of any Dividend Date shall equal the quotient obtained by dividing (a) the product of (i) the number of the Restricted Stock Units credited to such account on the
record date for such dividend or distribution and (ii) the per share dividend (or distribution value) payable on such Dividend Date, by (b) the Fair Market Value of a share of Company Stock as of such Dividend Date. 

  

	7)	Restrictions on Transfer. The right of a Director or that of any other person to the payment of deferred compensation or other benefits under the Plan may not be assigned,
transferred, pledged or encumbered except by will or by the laws of descent and distribution. 

  

	8)	Payment of Restricted Stock Units. Each Director (or his or her beneficiary) shall receive a one-time distribution of Common Stock with respect to all Restricted Stock Units
then credited to the Director’s account under the Plan on the date which is 200 days immediately following the date upon which such Director’s service as a member of the Company’s Board of Directors terminates for any reason. The
number of shares of the Company Stock payable upon such distribution shall equal the number of Restricted Stock Units credited to such Director’s account as of the date of such distribution, less applicable withholding. Fractional shares shall
be payable in cash. 

 If a Director dies prior to the complete distribution of his or her account, the balance of the account
shall be paid as soon as practicable to the Director’s designated beneficiary or beneficiaries. A designation of beneficiary shall be made by the Director using the form prescribed by the Committee and may be changed by the Director at any time
by filing a new form. If no beneficiary is designated or no designated beneficiary survives the Director, payment shall be made to the estate of the Director. 
  

	9)	Unfunded Plan; Creditor’s Rights. The Plan is intended to be an “unfunded” deferred compensation plan. The obligation of the Company under the Plan is purely
contractual and benefits under the Plan shall not be funded or secured in any way. A Director or any beneficiary shall have only the interest of an unsecured general creditor of the Company in respect of the Restricted Stock Units credited to such
Director’s account and benefits payable under the Plan. 

  

	10)	Successors in Interest. The obligations of the Company under the Plan shall be binding upon any successor or successors of the Company, whether by merger, consolidation, sale
of assets or otherwise, and for this purpose reference herein to the Company shall be deemed to include any such successor or successors. 

  

	11)	Governing Law; Interpretation. The Plan shall be construed and enforced in accordance with, and governed by, the laws of the State of Delaware. The Company intends that
transactions under the Plan shall be exempt under Rule 16b-3 promulgated under Section 16 of the Securities Exchange Act of 1934, as amended, unless otherwise determined by the Company. 

  

	12)	Termination and Amendment of the Plan. The Board of Directors of the Company may terminate the Plan at any time; provided, that termination of the Plan shall not adversely
affect the rights of a Director or beneficiary thereof with respect to amounts previously deferred under the Plan without the consent of such Director and that of such Director’s beneficiary. The Board of Directors of the Company may amend the
Plan at any time and from time to time; provided, however, that no such amendment shall adversely affect the rights of any Director or beneficiary thereof with respect to amounts previously deferred under the Plan.

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