Document:

Exhibit 10.4

Exhibit 10.4

	 	 	 
	 

	 	Name:
	 

	 	Number of Stock Units:
	 

	 	Date of Grant:

SunGard Capital Corp. and SunGard Capital Corp. II

Management Time-Based Restricted Stock Unit Agreement

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

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

This agreement (the “Agreement”) evidences Restricted Stock Units granted by SunGard
Capital Corp., a Delaware corporation (the “Company”), and SunGard Capital Corp. II, a
Delaware corporation (“Lowerco” and together with the Company, the “Companies”), to
the undersigned (the “Grantee”), pursuant to, and subject to the terms of, the SunGard 2005
Management Incentive Plan (as amended from time to time, the “Plan”) which is incorporated
herein by reference and of which the Grantee hereby acknowledges receipt.

1. Grant of Restricted Stock Units. The Company and Lowerco (as applicable) grant to
the Grantee, as of the above Date of Grant, Restricted Stock Units for the number of Stock Units
stated above (the “Stock Units”), on the terms provided herein and in the Plan. The Stock
Units represent a conditional right to receive Units (as defined below) consisting of Class A
Common shares, Class L Common shares and Lowerco Preferred shares (the “Shares”). The
Stock Units evidenced by this Agreement are granted to the Grantee in an Employment capacity as an
Employee.

2. Stock Unit Account. The Company shall establish and maintain a Stock Unit account
(the “Account”) as a bookkeeping account on its records for the Grantee and shall record in
the Account the number of Stock Units awarded to the Grantee. No Shares shall be issued to the
Grantee at the time the Award is made, and the Grantee shall not be, nor have any of the rights or
privileges of, a stockholder of the Companies with respect to any Stock Units recorded in the
Account or amounts credited to the Account pursuant to Section 8. The Grantee shall not have any
interest in any fund or specific assets of the Companies by reason of this Award or the Account
established for the Grantee.

May 2010 Form US

 

 

 

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

	 	(a)	 	“Adjustment Event” means (i) a cash distribution with respect to Shares
paid to all or substantially all holders of Shares, other than cash dividends in
respect of Shares declared by the Board as part of a regular dividend payment practice
or stated cash dividend policy of the Company following an IPO, or (ii) a substantially
pro rata redemption or substantially pro rata repurchase (in each case, as applicable,
by the Company, Lowerco or any of their subsidiaries) of all or part of any class of
Shares;

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

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

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

	 	(e)	 	“Unit” means an undivided interest in 1.3 Class A shares, 0.1444 Class
L shares and 0.05 Lowerco Preferred shares, determined at the Date of Grant, as it may
be adjusted as provided herein.

As used herein with respect to the Stock Units, the term “vest” means that the restrictions on
the right to receive payment pursuant to the Stock Units lapse in whole or in specified part.

4. Vesting of Stock Units. The Stock Units shall be subject to forfeiture until the
Stock Units vest. The Stock Units shall vest, in accordance with Schedule A, based on the
Grantee’s continued Employment; provided, however, that:

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

	 	(b)	 	if the Grantee’s Employment terminates without or prior to a Change of Control
as a result of (i) termination of the Grantee by Employer without Cause, (ii)
resignation by the Grantee or (iii) the Grantee’s Disability or death, then the Stock
Units shall immediately stop vesting, and any unvested Stock Units shall be forfeited
as of the Date of Termination; and

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

 

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5. Payment of Stock Units. The Grantee’s vested Stock Units shall be paid in Shares
upon the first to occur of (i) a Change of Control that meets the requirements of a “change in
control event” under Section 409A of the Code, (ii) the Grantee’s separation from service without
Cause, or (iii) the date that is five years after the Date of Grant. If a Change of Control occurs
before the Stock Units are fully vested, any Stock Units that subsequently vest shall be paid upon
the first to occur of (i) the Grantee’s separation from service without Cause or (ii) the date that
is five years after the Date of Grant. Notwithstanding the foregoing, a distribution of Shares
under this Agreement upon separation from service shall only be made upon the Grantee’s “separation
from service” within the meaning of Section 409A of the Code, and all distributions shall be made
at a time and in a manner consistent with Section 409A. When the vested Stock Units become
payable, the Companies will issue to the Grantee Shares representing the Units underlying the
vested Stock Units, subject to satisfaction of the Grantee’s tax withholding obligations as
described below, within 30 business days after the payment event.

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

7. Share Restrictions, etc. Except as expressly provided herein, the Grantee’s rights
hereunder and with respect to Shares received upon payment in accordance with Section 5 herein are
subject to the restrictions and other provisions contained in the Stockholders Agreement.

8. Distributions, Redemptions, etc.

	 	(a)	 	Upon the occurrence of an Adjustment Event, there shall be credited to the
Account an amount equal to the product of (i) the per-Share amount paid with respect to
Shares underlying the Stock Unit in connection with the Adjustment Event, multiplied by
(ii) the number of Shares of the class of stock affected by the Adjustment Event that
are included in each Unit immediately prior to the Adjustment Event, multiplied by
(iii) the number of Units underlying the Grantee’s Stock Units pursuant to this Award.

	 	(b)	 	If any other cash dividend or distribution is paid with respect to Shares
underlying the Stock Units, there shall be credited to the Account an amount equal to
the product of (i) the per-Share amount paid with respect to Shares underlying the
Stock Units, multiplied by (ii) the number of Shares of the applicable class of stock
that are included in each Unit, multiplied by (iii) the number of Units underlying the
Grantee’s Stock Units pursuant to this Award.

	 	(c)	 	The amount credited to the Account pursuant to this Section 8 with respect to
Stock Units is referred to as the “Bonus Value.” The Bonus Value shall vest on the
same terms as the Stock Units to which it relates, as set forth in this Agreement, and
the vested Bonus Value shall be paid to the Grantee at the same time as the vested
Stock Units are paid pursuant to Section 5 herein, consistent with Section 409A of the
Code.

 

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	 	(d)	 	In the case of a redemption or repurchase of Shares, the number of Shares of
the class of stock redeemed or repurchased that are subject to outstanding Stock Units
will be automatically reduced by an amount proportionate to the percentage reduction in
outstanding Shares of the affected class resulting from the redemption or repurchase.
The Grantee shall be entitled to receive any information reasonably requested regarding
the composition of a Unit, as adjusted in accordance with this Section 8.

9. Forfeiture. Upon delivery of Shares pursuant to the Stock Units, the Grantee shall
certify on a form acceptable to the Committee that the Grantee is in compliance with the
Restrictive Covenants and all other agreements between the Grantee and the Company or any of its
Affiliates. If the Company determines that the Grantee is not in compliance with one or more of
the Restrictive Covenants or with the provisions of any agreement between the Grantee and the
Company or any of its Affiliates, and such non-compliance has not been authorized in advance in a
specific written waiver from the Company or the applicable party, the Committee may cancel any
unpaid Stock Units. The Company shall also have the following (and only the following) additional
remedies:

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

	 	(b)	 	The Company shall have the right to offset, against any Shares and any cash
amounts due to the Grantee under or by reason of the Grantee’s holding the Stock Units,
any amounts to which the Company is entitled as a result of the Grantee’s violation of
the terms of the Restrictive Covenants or of any other agreement with the Company or
any of its affiliates or the Grantee’s breach of any duty to the Company or any of its
Affiliates; provided, however, that no offset shall accelerate or defer the
distribution date of amounts payable under this Agreement in violation of Section 409A
of the Code, and any offset in violation of Section 409A shall be null and void.
Accordingly, the Grantee acknowledges that (i) the Company may withhold delivery of
Shares, (ii) the Company may place the proceeds of any sale or other disposition of
Shares in an escrow account of the Company’s choosing pending resolution of any dispute
with the Company, and (iii) the Company has no liability for any attendant market risk
caused by any such withholding, or escrow, subject, however, to compliance with the
requirements of Section 409A of the Code.

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

 

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10. Legends, etc. Shares issued upon the lapse of any restrictions on the Stock Units
shall bear such legends as may be required or provided for under the terms of the Stockholders
Agreement.

11. Transfer of Stock Units. The Stock Units may only be transferred by the laws of
descent and distribution, or to a legal representative in the event of the Grantee’s incapacity.

12. Withholding. The payment of the Shares and other amounts in accordance with this
Agreement will give rise to “wages” or other compensation income subject to withholding. The
Grantee expressly acknowledges and agrees that the Grantee’s rights hereunder, including the right
to be issued Shares in accordance with Section 5 herein and cash paid in accordance with Section 8
hereof, are subject to the Grantee promptly paying to the Companies in cash or by Share withholding
as described below (or by such other means as may be acceptable to the Administrator in its
discretion) all taxes required to be withheld. The Grantee also authorizes the Companies and their
subsidiaries to withhold such amount from any amounts otherwise owed to the Grantee. Unless the
Grantee elects otherwise in a time and manner specified by the Company, any tax withholding
obligation with respect to the payment of Shares shall be satisfied by having Shares withheld up to
an amount that does not exceed the minimum applicable withholding tax rate for federal (including
FICA), state, and local tax liabilities.

13. Grant Subject to Plan Provisions. This Award is made pursuant to the Plan, the
terms of which are incorporated herein by reference, and in all respects shall be interpreted in
accordance with the Plan. The Award and payment of the Stock Units are subject to interpretations,
regulations and determinations concerning the Plan established from time to time by the
Administrator in accordance with the provisions of the Plan, including, but not limited to,
provisions pertaining to (i) the registration, qualification or listing of the shares issued under
the Plan, (ii) changes in capitalization and (iii) other requirements of applicable law. The
Administrator shall have the authority to interpret and construe the Stock Units pursuant to the
terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder.

14. Effect on Employment. Neither the grant of the Stock Units, nor the issuance of
Shares or other payments in accordance with this Agreement, shall give the Grantee any right to be
retained in the employ of the Company, Lowerco or any of their Affiliates, affect the right of the
Company, Lowerco or any of their Affiliates to discharge or discipline the Grantee at any time, or
affect any right of the Grantee to terminate his or her Employment at any time.

15. Delay in Payments for Specified Employees. Notwithstanding anything in this
Agreement to the contrary, if the Grantee is a “specified employee” of a publicly traded
corporation under Section 409A of the Code at the time of separation from service and if payment of
any amount under this Agreement is required to be delayed for a period of six months after the
separation from service pursuant to Section 409A of the Code, payment of such amount shall be
delayed as required by Section 409A of the Code, and the accumulated postponed amount shall be paid
in a lump sum payment within 10 days after the end of the six-month period. If the Grantee dies during the postponement period prior to the payment of
postponed amount, the accumulated postponed amount shall be paid to the personal representative of
the Grantee’s estate within 60 days after the date of the Grantee’s death.

 

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16. Section 409A. It is intended that the Stock Units awarded hereunder shall comply
with the requirements of Section 409A of the Code (and any regulations and guidelines issued
thereunder), and this Agreement shall be interpreted on a basis consistent with such intent.
Payments shall only be made on an event and in a manner permitted by Section 409A of the Code.
Each payment under this Agreement is considered a separate payment for purposes of Section 409A of
the Code. As provided under Section 409A, if calculation of the amount of a payment is not
administratively practicable due to events beyond the control of the Grantee, the payment will be
treated as made upon the date specified hereunder if the payment is made during the first calendar
year in which calculation of the amount of the payment is administratively practicable. This
Agreement may be amended without the consent of the Grantee in any respect deemed by the Committee
to be necessary in order to preserve compliance with Section 409A of the Code.

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

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

[SIGNATURE PAGE FOLLOWS]

 

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

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp. and	 	SUNGARD CAPITAL CORP.	 	 
	SunGard Capital Corp. II	 	SUNGARD CAPITAL CORP. II	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Grantee

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

	 	 	 	 	 
	 

	 	 

Template
	 	 

 

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Schedule A

Vesting Schedule

10% of the Stock Units shall vest on the first anniversary of the Date of Grant (“Initial
Vesting Date”); and

The remaining 90% of the Stock Units shall vest in equal monthly installments over the 48 months
following the Initial Vesting Date starting with the first monthly anniversary of the Initial
Vesting Date.

 

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Exhibit A

Restrictive Covenants

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

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

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

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

 

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	 	Name: Template
	 

	 	Number of Stock Units: Template
	 

	 	Date of Grant:

SunGard Capital Corp. and SunGard Capital Corp. II

Management Time-Based Restricted Stock Unit Agreement

THIS AWARD AND ANY SECURITIES ISSUED UPON THE PAYMENT OF THIS RESTRICTED STOCK

UNIT AWARD ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND REQUIREMENTS

OF SALE AND OTHER PROVISIONS AS SET FORTH IN THE STOCKHOLDERS AGREEMENT AMONG

SUNGARD CAPITAL CORP., SUNGARD CAPITAL CORP. II, SUNGARD HOLDING CORP., SOLAR

CAPITAL CORP. AND CERTAIN STOCKHOLDERS OF SUNGARD CAPITAL CORP. AND SUNGARD

CAPITAL CORP. II, DATED AS OF AUGUST 10, 2005 (AS IN EFFECT FROM TIME TO TIME, THE

“STOCKHOLDERS AGREEMENT”).

SUNGARD CAPITAL CORP. AND SUNGARD CAPITAL CORP. II STRONGLY ENCOURAGE YOU TO

SEEK THE ADVICE OF YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO YOUR

AWARD AND ITS TAX CONSEQUENCES.

This agreement (the “Agreement”) evidences Restricted Stock Units granted by SunGard
Capital Corp., a Delaware corporation (the “Company”), and SunGard Capital Corp. II, a
Delaware corporation (“Lowerco” and together with the Company, the “Companies”), to
the undersigned (the “Grantee”), pursuant to, and subject to the terms of, the SunGard 2005
Management Incentive Plan (as amended from time to time, the “Plan”) which is incorporated
herein by reference and of which the Grantee hereby acknowledges receipt.

1. Grant of Restricted Stock Units. The Company and Lowerco (as applicable) grant to
the Grantee, as of the above Date of Grant, Restricted Stock Units for the number of Stock Units
stated above (the “Stock Units”), on the terms provided herein and in the Plan. The Stock
Units represent a conditional right to receive Units (as defined below) consisting of Class A
Common shares, Class L Common shares and Lowerco Preferred shares (the “Shares”). The
Stock Units evidenced by this Agreement are granted to the Grantee in an Employment capacity as an
Employee.

2. Stock Unit Account. The Company shall establish and maintain a Stock Unit account
(the “Account”) as a bookkeeping account on its records for the Grantee and shall record in
the Account the number of Stock Units awarded to the Grantee. No Shares shall be issued to the
Grantee at the time the Award is made, and the Grantee shall not be, nor have any of the rights or
privileges of, a shareholder of the Companies with respect to any Stock Units recorded in the
Account or amounts credited to the Account pursuant to Section 8. The Grantee shall not have any
interest in any fund or specific assets of the Companies by reason of this Award or the Account
established for the Grantee.

May 2010 Form  International

 

 

 

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

	 	(a)	 	“Adjustment Event” means (i) a cash distribution with respect to Shares
paid to all or substantially all holders of Shares, other than cash dividends in
respect of Shares declared by the Board as part of a regular dividend payment practice
or stated cash dividend policy of the Company following an IPO, or (ii) a substantially
pro rata redemption or substantially pro rata repurchase (in each case, as applicable,
by the Company, Lowerco or any of their subsidiaries) of all or part of any class of
Shares;

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

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

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

	 	(e)	 	“Tax” or “Taxes” means any income tax, social insurance, payroll tax,
contributions, payment on account obligations or other payments;

	 	(f)	 	“Unit” means an undivided interest in 1.3 Class A shares, 0.1444 Class
L shares and 0.05 Lowerco Preferred shares, determined at the Date of Grant, as it may
be adjusted as provided herein; and

As used herein with respect to the Stock Units, the term “vest” means that the
restrictions on the right to receive payment pursuant to the Stock Units lapse in whole or in
specified part.

4. Vesting of Stock Units. The Stock Units shall be subject to forfeiture until the
Stock Units vest. The Stock Units shall vest, in accordance with Schedule A, based on the
Grantee’s continued Employment; provided, however, that:

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

	 	(b)	 	if the Grantee’s Employment terminates without or prior to a Change of Control
as a result of (i) termination of the Grantee by Employer without Cause, (ii)
resignation by the Grantee or (iii) the Grantee’s Disability or death, then the Stock
Units shall immediately stop vesting, and any unvested Stock Units shall be forfeited
as of the Date of Termination; and

 

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

5. Payment of Stock Units. The Grantee’s vested Stock Units shall be paid in Shares
upon the first to occur of (i) a Change of Control that meets the requirements of a “change in
control event” under Section 409A of the Code, (ii) the Grantee’s separation from service without
Cause, or (iii) the date that is five years after the Date of Grant. If a Change of Control occurs
before the Stock Units are fully vested, any Stock Units that subsequently vest shall be paid upon
the first to occur of (i) the Grantee’s separation from service without Cause or (ii) the date that
is five years after the Date of Grant. Notwithstanding the foregoing, all distributions of Shares
under this Agreement upon separation from service shall only be made upon the Grantee’s “separation
from service” within the meaning of Section 409A of the Code and a distribution shall be made at a
time and in a manner consistent with Section 409A. Subject to Section 20, when the vested Stock
Units become payable, the Companies will issue to the Grantee Shares representing the Units
underlying the vested Stock Units, subject to satisfaction of the Grantee’s Tax withholding
obligations as described below, within 30 business days after the payment event.

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

7. Share Restrictions, etc. Except as expressly provided herein, the Grantee’s rights
hereunder and with respect to Shares received upon payment in accordance with Section 5 herein are
subject to the restrictions and other provisions contained in the Stockholders Agreement.

8. Distributions, Redemptions, etc.

	 	(a)	 	Upon the occurrence of an Adjustment Event, there shall be credited to the
Account an amount equal to the product of (i) the per-Share amount paid with respect to
Shares underlying the Stock Unit in connection with the Adjustment Event, multiplied by
(ii) the number of Shares of the class of stock affected by the Adjustment Event that
are included in each Unit immediately prior to the Adjustment Event, multiplied by
(iii) the number of Units underlying the Grantee’s Stock Units pursuant to this Award.

	 	(b)	 	If any other cash dividend or distribution is paid with respect to Shares
underlying the Stock Units, there shall be credited to the Account an amount equal to
the product of (i) the per-Share amount paid with respect to Shares underlying the
Stock Units, multiplied by (ii) the number of Shares of the applicable class of stock
that are included in each Unit, multiplied by (iii) the number of Units underlying the
Grantee’s Stock Units pursuant to this Award.

 

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	 	(c)	 	The amount credited to the Account pursuant to this Section 8 with respect to
Stock Units is referred to as the “Bonus Value.” The Bonus Value shall vest on the
same terms as the Stock Units to which it relates, as set forth in this Agreement, and
the vested Bonus Value shall be paid to the Grantee at the same time as the vested
Stock Units are paid pursuant to Section 5 herein, consistent with Section 409A of the
Code.

	 	(d)	 	In the case of a redemption or repurchase of Shares, the number of Shares of
the class of stock redeemed or repurchased that are subject to outstanding Stock Units
will be automatically reduced by an amount proportionate to the percentage reduction in
outstanding Shares of the affected class resulting from the redemption or repurchase.
The Grantee shall be entitled to receive any information reasonably requested regarding
the composition of a Unit, as adjusted in accordance with this Section 8.

9. Forfeiture. Upon delivery of Shares pursuant to the Stock Units, the Grantee shall
certify on a form acceptable to the Committee that the Grantee is in compliance with the
Restrictive Covenants and all other agreements between the Grantee and the Company or any of its
Affiliates. If the Company determines that the Grantee is not in compliance with one or more of
the Restrictive Covenants or with the provisions of any agreement between the Grantee and the
Company of any of its Affiliates, and such non-compliance has not been authorized in advance in a
specific written waiver from the Company or the applicable party, the Committee may cancel any
unpaid Stock Units. The Company shall also have the following (and only the following) additional
remedies:

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

	 	(b)	 	The Company shall have the right to offset, against any Shares and any cash
amounts due to the Grantee under or by reason of the Grantee’s holding the Stock Units,
any amounts to which the Company is entitled as a result of the Grantee’s violation of
the terms of the Restrictive Covenants or of any other agreement with the Company or
any of its Affiliates or the Grantee’s breach of any duty to the Company or any of its
Affiliates; provided, however, that no offset shall accelerate or defer the
distribution date of amounts payable under this Agreement in violation of Section 409A
of the Code, and any offset in violation of Section 409A shall be null and void.
Accordingly, the Grantee acknowledges that (i) the
Company may withhold delivery of Shares, (ii) the Company may place the proceeds of
any sale or other disposition of Shares in an escrow account of the Company’s
choosing pending resolution of any dispute with the Company, and (iii) the Company
has no liability for any attendant market risk caused by any such withholding, or
escrow, subject, however, to compliance with the requirements of Section 409A of the
Code.

 

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

10. Legends, etc. Shares issued upon the lapse of any restrictions on the Stock Units
shall bear such legends as may be required or provided for under the terms of the Stockholders
Agreement.

11. Transfer of Stock Units. The Stock Units may only be transferred by the laws of
descent and distribution, or to a legal representative in the event of the Grantee’s incapacity.

12. Withholding. The payment of the Shares and other amounts in accordance with this
Agreement will give rise to compensation income which may be subject to withholding. The Grantee
expressly acknowledges and agrees that the Grantee’s rights hereunder, including the right to be
issued Shares in accordance with Section 5 herein and cash paid in accordance with Section 8
hereof, are subject to the Grantee promptly paying to the Companies in cash or by Share withholding
as described below (or by such other means as may be acceptable to the Administrator in its
discretion) all Taxes required to be withheld. The Grantee also authorizes the Companies and their
subsidiaries to withhold such amount from any amounts otherwise owed to the Grantee. Unless the
Grantee elects otherwise in a time and manner specified by the Company, any Tax withholding
obligation with respect to the payment of Shares shall be satisfied by having Shares withheld up to
an amount that does not exceed the minimum applicable withholding Tax. In addition, the Companies
may require the Grantee to pay any taxes or other amounts required to be paid by the Companies or
any Affiliate with respect to the grant or vesting of the Stock Units or the payment of the Shares.
Any such taxes or amounts must be paid at such time and in such form as determined by the
Companies.

13. Grant Subject to Plan Provisions. This Award is made pursuant to the Plan, the
terms of which are incorporated herein by reference, and in all respects shall be interpreted in
accordance with the Plan. The Award and payment of the Stock Units are subject to interpretations,
regulations and determinations concerning the Plan established from time to time by the
Administrator in accordance with the provisions of the Plan, including, but not limited to,
provisions pertaining to (i) the registration, qualification or listing of the shares issued under
the Plan, (ii) changes in capitalization and (iii) other requirements of applicable law. The
Administrator shall have the authority to interpret and construe the Stock Units pursuant to the
terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder.

 

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14. Effect on Employment. Neither the grant of the Stock Units, nor the issuance of
Shares or other payments in accordance with this Agreement, shall give the Grantee any right to be
retained in the employ of the Company, Lowerco or any of their Affiliates, affect the right of the
Company, Lowerco or any of their Affiliates to discharge or discipline the Grantee at any time, or
affect any right of the Grantee to terminate his or her Employment at any time, subject to
applicable local law and the terms of any employment agreement.

15. Delay in Payments for Specified Employees. Notwithstanding anything in this
Agreement to the contrary, if the Grantee is a “specified employee” of a publicly traded
corporation under Section 409A of the Code at the time of separation from service and if payment of
any amount under this Agreement is required to be delayed for a period of six months after the
separation from service pursuant to Section 409A of the Code, payment of such amount shall be
delayed as required by Section 409A of the Code, and the accumulated postponed amount shall be paid
in a lump sum payment within 10 days after the end of the six-month period. If the Grantee dies
during the postponement period prior to the payment of postponed amount, the accumulated postponed
amount shall be paid to the personal representative of the Grantee’s estate within 60 days after
the date of the Grantee’s death.

16. Section 409A. It is intended that the Stock Units awarded hereunder shall comply
with the requirements of Section 409A of the Code (and any regulations and guidelines issued
thereunder), and this Agreement shall be interpreted on a basis consistent with such intent.
Payments shall only be made on an event and in a manner permitted by Section 409A of the Code.
Each payment under this Agreement is considered a separate payment for purposes of Section 409A of
the Code. As provided under Section 409A, if calculation of the amount of a payment is not
administratively practicable due to events beyond the control of the Grantee, the payment will be
treated as made upon the date specified hereunder if the payment is made during the first calendar
year in which calculation of the amount of the payment is administratively practicable. This
Agreement may be amended without the consent of the Grantee in any respect deemed by the Committee
to be necessary in order to preserve compliance with Section 409A of the Code.

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

 

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

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

20. Compliance with Laws and Regulations. The issuance of Shares pursuant to the
vested Stock Units shall be subject to compliance by the Companies and the Grantee with all
applicable requirements of law relating thereto (including, without limitation, foreign securities
and exchange control requirements). The inability of the Companies to lawfully issue Shares or the
inability of the Companies and/or the Grantee to obtain approval from any regulatory body having
authority deemed by the Companies to be necessary to the lawful issuance of any Shares hereby shall
relieve the Companies of any liability with respect to the non-issuance of the Shares.

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

[SIGNATURE PAGE FOLLOWS]

 

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

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp. and	 	SUNGARD CAPITAL CORP.	 	 
	SunGard Capital Corp. II	 	SUNGARD CAPITAL CORP. II	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Grantee

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

	 	 	 	 	 
	 

	 	 

Template
	 	 

 

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Schedule A

Vesting Schedule

10% of the Stock Units shall vest on the first anniversary of the Date of Grant (“Initial
Vesting Date”); and

The remaining 90% of the Stock Units shall vest in equal monthly installments over the 48 months
following the Initial Vesting Date starting with the first monthly anniversary of the Initial
Vesting Date.

 

 

 

Exhibit A

Restrictive Covenants

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

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

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

4. The Grantee will not solicit or contact at any time, directly or through others, for the
purpose or with the effect of competing or interfering with or harming any part of the Company’s
business: (a) any customer or acquisition target under contract with the Company at any time
during the last two years of the Grantee’s employment with the Company; (b) any prospective
customer or acquisition target that received or requested a proposal, offer or letter of intent
from the Company at any time during the last two years of the Grantee’s employment with the
Company; (c) any affiliate of any such customer or prospect; (d) any of the individual contacts
established by the Company or the Grantee
or others at the Company during the period of the Grantee’s employment with the Company; or
(e) any individual who is an employee or independent contractor of the Company at the time of the
solicitation or contact or who has been an employee or independent contractor within three months
before such solicitation or contact.Exhibit 10.5

Exhibit 10.5

	 	 	 
	 

	 	Name:
	 

	 	Number of Shares:
	 

	 	Price per Share:
	 

	 	Date of Grant:

SunGard Capital Corp.

Management Non-Qualified Performance-Based Class A Option Agreement

THIS AWARD AND ANY SECURITIES ISSUED UPON EXERCISE OF THIS OPTION ARE SUBJECT

TO RESTRICTIONS ON VOTING AND TRANSFER AND REQUIREMENTS OF SALE AND OTHER

PROVISIONS AS SET FORTH IN THE STOCKHOLDERS AGREEMENT AMONG SUNGARD CAPITAL CORP.,

SUNGARD CAPITAL CORP. II, SUNGARD HOLDING CORP., SOLAR CAPITAL CORP. AND CERTAIN

STOCKHOLDERS OF SUNGARD CAPITAL CORP. AND SUNGARD CAPITAL CORP. II, DATED

AS OF AUGUST 10, 2005 (AS IN EFFECT FROM TIME TO TIME, THE “STOCKHOLDERS AGREEMENT”)

SUNGARD CAPITAL CORP. STRONGLY ENCOURAGES YOU TO SEEK THE ADVICE OF YOUR OWN LEGAL AND FINANCIAL

ADVISORS WITH RESPECT TO YOUR AWARD AND ITS TAX CONSEQUENCES.

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

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

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

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

	 	(a)	 	“CEO” means the Chief Executive Officer of the Company;

May 2010
Form U.S.

 

 

 

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

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

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

	 	(e)	 	“Investors” means investment funds advised by Silver Lake Partners,
Bain Capital, The Blackstone Group, Goldman, Sachs & Co., Kohlberg Kravis Roberts,
Providence Equity Partners and Texas Pacific Group that own capital stock of the
Company;

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

(g) “Retirement” means termination of employment by Optionee after age 62;

	 	(h)	 	“Vest on a Pro Rata Basis” means that the vesting of Optionee’s Option
shall continue through the end of the Year of Termination (but not thereafter),
provided that only a portion of the Option that otherwise would have vested at the end
of such year shall vest, such portion being determined by multiplying (i) the number of
Shares subject to the Option that otherwise would have vested at the end of such year
based upon attainment of pre-determined performance goals, by (ii) (A) the number of
days in which Optionee was employed by Employer during the Year of Termination divided
by (B) 365 (rounded to the nearest whole number of Shares);

Notwithstanding the foregoing, with respect to a termination of Employment described
in Section 3(a) during the 2010 calendar year, “Vest on a Pro Rata Basis”
means that the Option shall continue to be earned through the end of the Year of
Termination (but not thereafter), provided that only a portion of the Option that
otherwise would have been earned at the end of such year shall be earned as of the
end of the calendar year, such portion being determined by multiplying (i) the
number of Shares subject to the Option that otherwise would have been earned at the
end of such calendar year based upon attainment of pre-determined performance goals,
by (ii) (A) the number of days in which Optionee
was employed by Employer during the Year of Termination divided by (B) 365 (rounded
to the nearest whole number of Shares); the portion of the Option that is earned for
the Year of Termination as described in this paragraph shall vest as of the last day
of the Year of Termination pursuant to Section 3(a);

 

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	 	(i)	 	“Year of Termination” means the fiscal year for the applicable
Performance Period during which Optionee’s Date of Termination occurs.

As used herein with respect to the Option, the Option shall be earned based on performance and
shall vest based on Section 3 below, and the term “vest” means to become exercisable in whole or in
specified part.

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

	 	(a)	 	if the Optionee’s Employment terminates as a result of (i) termination of the
Optionee by Employer without Cause, (ii) the Optionee’s Disability or death, or (iii)
with respect to Shares earned for a calendar year after 2010, the Optionee’s
Retirement, then the Option for the year of termination shall Vest on a Pro Rata Basis,
and any unvested portion of the Option that was earned for the 2010 calendar year shall
become fully vested as of the Date of Termination;

	 	(b)	 	with respect to the portion of the Option that is earned for the 2010 calendar
year, if the Optionee’s Employment terminates as a result of the Optionee’s resignation
or Retirement, then the Option shall be deemed to have stopped vesting as of the Date
of Termination of such Optionee, and no portion of the Option shall be earned for the
calendar year in which the Date of Termination occurs;

	 	(c)	 	with respect to the portion of the Option that is earned for calendar years
after 2010, if the Optionee’s Employment terminates as a result of the Optionee’s
resignation, then the Option shall be deemed to have stopped vesting as of the
beginning of the year containing the Date of Termination of such Optionee;

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

	 	(e)	 	upon a Change of Control during the Performance Period, the Compensation
Committee of the Board and the CEO will determine in mutual consultation the effect of
such Change of Control on the Option, which shall be treated in a manner they jointly
consider equitable under the circumstances; provided that in the event of a Change of
Control after the 2010 calendar year, any portion of the Option that was earned with
respect to the 2010 calendar year and that has not yet vested shall vest in full upon
the Change of Control.

 

-3-

 

4. Exercise of Option.

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

	 	(b)	 	Time To Exercise. The Option must be exercised no later than the Final
Exercise Date, and if not exercised by such date, will thereupon terminate. The Option
must also be exercised by the termination of the Optionee’s Employment and, if not
exercised by such date, will thereupon terminate, provided that, upon termination of
the Optionee’s Employment (i) by Employer without Cause, (ii) by resignation by the
Optionee, or (iii) as a result of a Disability or death, the Option will remain
exercisable until the earlier of the 90th day after the Date of Termination
(or the one-year anniversary thereof, in the case of a termination resulting from
Disability or death) or the Final Exercise Date, and will thereupon terminate, provided
further that the Administrator shall extend the period to exercise the portion of the
Option that vests after termination of Employment (but not beyond the Final Exercise
Date) to the extent necessary to determine the Actual Internal EBITA (as defined in
Schedule A) for the year containing the Date of Termination (or for the preceding year,
as applicable).

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

 

-4-

 

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

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

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

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

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

 

-5-

 

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

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

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

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

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

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

[SIGNATURE PAGE FOLLOWS]

 

-6-

 

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

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp.	 	SUNGARD CAPITAL CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Optionee

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

	 	 	 	 	 
	 

	 	 

Optionee
	 	 

 

 

 

Schedule A

Vesting Schedule

	(1)	 	With respect to the 2010 calendar year, the Option shall be earned to the extent that
the Base Case for such calendar year is achieved during such period as follows, and the
portion of the Option that is earned for such calendar year shall vest in accordance with the
vesting schedule set forth in paragraph (2) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, the Option will not be earned for any Shares at the end of that
year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Shares underlying the Option that will be earned for the
calendar year will be determined by interpolation at the linear rate of 1/78.32 of the
Shares per one percentage point of Actual Internal EBITA (rounded to the nearest .0001 of
a Share);

	 	(c)	 	If Actual Internal EBITA for such calendar year is above 100% but not greater than
106.25% of the Base Case for that year, the number of Shares underlying the Option that
will be earned for the calendar year will be the sum of (i) the number of Options
calculated in accordance with paragraph (b) above and (ii) the number of Options
determined by interpolation at the linear rate of 1/249.51 of the Shares per one
percentage point of Actual Internal EBITA in excess of 100% (rounded to the nearest .0001
of a Share); and

	 	(d)	 	If Actual Internal EBITA for such calendar year is greater than 106.25% of the Base
Case for that year, the Option shall not be earned for any further Shares than provided
above until Actual Internal EBITA for such calendar year is equal to or greater than 100%
of the Original Base Case (as defined below), at which point the Option shall be earned as
follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number of Shares underlying the
Option that will be earned for the calendar year will be the sum of (x) the number
of Options calculated in accordance with paragraph (c) above and (y) an amount
determined by interpolation at the linear rate of 1/56.25 of the Shares per one
percentage point of Actual Internal EBITA (rounded to the nearest .0001 of a Share)
between 100% and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, the Option shall be earned for
1/5 of the Shares (rounded to the nearest .0001 of a Share) at the end of that year.

	(2)	 	With respect to the 2010 calendar year, the Option shall vest and be exercisable with respect
to 25% of the total number of Shares earned under paragraph (1) above at the end of such
calendar year (“Initial Vesting Date”); and the remaining 75% of the total number of
Shares earned for such calendar year shall vest and be exercisable in equal monthly
installments over the 36 months following the Initial Vesting Date starting with the first
monthly anniversary of the Initial Vesting Date. All vesting shall be conditioned on
continued service with the Company through the applicable vesting date.

	(3)	 	With respect to each of the calendar years in the Performance Period after 2010, the
Option shall be exercisable to the extent that the Base Case is achieved during such period as
follows, and the portion of the Option that is earned for such calendar year shall vest in
accordance with the vesting schedule set forth in paragraph (4) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, the Option will not be earned for any Shares at the end of that
year;

 

 

 

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Shares underlying the Option that will be earned at the
end of that year will be determined by interpolation at the linear rate of 1/56.25 of the
Shares per one percentage point of Actual Internal EBITA (rounded to the nearest .0001 of
a Share); and

	 	(c)	 	If Actual Internal EBITA for such calendar year is greater than 100% of the Base Case
for that year, the Option shall not be earned for any Shares other than provided above
until Actual Internal EBITA for such calendar year is equal to or greater than 100% of the
Original Base Case (as defined below) for that year, at which point the Option shall be
earned as follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number of Shares underlying the
Option that will be earned for the calendar year will be the sum of (x) the number
of Shares calculated in accordance with paragraph (b) above and (y) an amount
determined by interpolation at the linear rate of 1/56.25 of the Shares per one
percentage point of Actual Internal EBITA (rounded to the nearest .0001 of a Share)
between 100% and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, the Option shall be earned for
1/5 of the Shares (rounded to the nearest .0001 of a Share) at the end of that year.

	(4)	 	With respect to each of the calendar years in the Performance Period after 2010, all
Options shall vest and be exercisable as of the end of the applicable calendar year, to the
extent earned, and subject to the other terms of the Agreement.

For purposes of this Vesting Schedule:

“Performance Period” means the five-year period beginning on January 1, 2010.

“Actual Internal EBITA” means the Company’s actual earnings before interest, taxes and
amortization for a year, determined based on the Company’s audited financials. Actual Internal
EBITA shall not be reduced by costs of the acquisition of the Company by the Investors or the
Company’s proposed spin-off of its availability services business or related items, management and
transaction fees payable to the Investors or their affiliates, extraordinary items (as determined
by the Compensation Committee in consultation with the CEO) or non-cash equity incentive expenses.
Actual Internal EBITA shall be calculated without giving effect to purchase accounting and shall be
adjusted in good faith by the Compensation Committee in consultation with the CEO to reflect the
consequences of acquisitions and dispositions. Unless otherwise determined by the Board or
Compensation Committee and agreed to by the CEO, the adjustment for acquisitions and dispositions
shall be based on a cost of funds used for acquisitions and released by dispositions at a rate of
11%, compounded at the rate of 7.5% per annum, provided that transactions with a purchase price in
excess of $50 million may merit an alternative adjustment, in which case the rate will be as
mutually agreed by the CEO and the Board or Compensation Committee. Actual Internal EBITA targets
shall be appropriately adjusted by the Compensation Committee in consultation with the CEO in case
of changes in GAAP promulgated by FASB or the SEC or changes in depreciation methodology.

“Base Case” means the Actual Internal EBITA targets for the Company during each calendar year
in the Performance Period, as follows: the Company’s final consolidated budgeted EBITA, as
approved by the Board or Compensation Committee and as appears in the Company’s operating budget
for each of the applicable calendar years in the Performance Period.

“Original Base Case” means the Actual Internal EBITA targets for the Company during each
calendar year in the Performance Period, as originally determined for the applicable calendar years
as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Original Base Case	 	2010	 	 	2011	 	 	2012	 	 	2013	 	 	2014	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Actual Internal
EBITA (in millions)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

 

Exhibit A

Restrictive Covenants

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

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

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

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

 

 

 

	 	 	 
	 

	 	Name:
	 

	 	Number of Shares:
	 

	 	Price per Share:
	 

	 	Date of Grant:

SunGard Capital Corp.

Management Non-Qualified Performance-Based Class A Option Agreement

THIS AWARD AND ANY SECURITIES ISSUED UPON EXERCISE OF THIS OPTION ARE SUBJECT

TO RESTRICTIONS ON VOTING AND TRANSFER AND REQUIREMENTS OF SALE AND OTHER

PROVISIONS AS SET FORTH IN THE STOCKHOLDERS AGREEMENT AMONG SUNGARD CAPITAL CORP.,

SUNGARD CAPITAL CORP. II, SUNGARD HOLDING CORP., SOLAR CAPITAL CORP. AND CERTAIN

STOCKHOLDERS OF SUNGARD CAPITAL CORP. AND SUNGARD CAPITAL CORP. II, DATED

AS OF AUGUST 10, 2005 (AS IN EFFECT FROM TIME TO TIME, THE “STOCKHOLDERS AGREEMENT”).

SUNGARD CAPITAL CORP. STRONGLY ENCOURAGES YOU TO SEEK THE ADVICE OF YOUR OWN LEGAL

AND FINANCIAL ADVISORS WITH RESPECT TO YOUR AWARD AND ITS TAX CONSEQUENCES.

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

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

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

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

	 	(a)	 	“CEO” means the Chief Executive Officer of the Company;

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

May 2010
Form International

 

 

 

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

	 	(d)	 	“Investors” means investment funds advised by Silver Lake Partners,
Bain Capital, The Blackstone Group, Goldman, Sachs & Co., Kohlberg Kravis Roberts,
Providence Equity Partners and Texas Pacific Group that own capital stock of the
Company;

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

	 	(f)	 	“Vest on a Pro Rata Basis” means that the vesting of Optionee’s Option
shall continue through the end of the Year of Termination (but not thereafter),
provided that only a portion of the Option that otherwise would have vested at the end
of such year shall vest, such portion being determined by multiplying (i) the number of
Shares subject to the Option that otherwise would have vested at the end of such year
based upon attainment of pre-determined performance goals, by (ii) (A) the number of
days in which Optionee was employed by Employer during the Year of Termination divided
by (B) 365 (rounded to the nearest whole number of Shares);

Notwithstanding the foregoing, with respect to a termination of Employment described
in Section 3(a)(i) during the 2009 or 2010 calendar year, “Vest on a Pro Rata
Basis” means that the Option shall continue to be earned through the end of the
Year of Termination (but not thereafter), provided that only a portion of the Option
that otherwise would have been earned at the end of such year shall be earned as of
the end of the calendar year, such portion being determined by multiplying (i) the
number of Shares subject to the Option that otherwise would have been earned at the
end of such calendar year based upon attainment of pre-determined performance goals,
by (ii) (A) the number of days in which Optionee was employed by Employer during the
Year of Termination divided by (B) 365 (rounded to the nearest whole number of
Shares); the portion of the Option that is earned for the Year of Termination as
described in this paragraph shall vest as of the last day of the Year of Termination
pursuant to Section 3(a);

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

	 	(h)	 	“Year of Termination” means the fiscal year for the applicable
Performance Period during which Optionee’s Date of Termination occurs.

As used herein with respect to the Option, the Option shall be earned based on performance and
shall vest based on Section 3 below, and the term “vest” means to become exercisable in whole or in
specified part.

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

	 	(a)	 	if the Optionee’s Employment terminates as a result of (i) termination of the
Optionee by Employer without Cause or (ii) the Optionee’s Disability or death, then the
Option shall Vest on a Pro Rata Basis, and any unvested Options that were earned for
the 2009 or 2010 calendar year shall become fully vested as of the Date of Termination;

 

 

 

	 	(b)	 	if the Optionee’s Employment terminates as a result of resignation by the
Optionee, then the Option shall be deemed to have stopped vesting as of the beginning
of the year containing the Date of Termination of such Optionee; provided, however,
Options that were earned in 2009 or 2010 shall be deemed to have stopped vesting as of
the Date of Termination of the Optionee’s Employment and no Options shall be earned for
the calendar year in which the Date of Termination occurs;

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

	 	(d)	 	upon a Change of Control during the Performance Period, the Compensation
Committee of the Board and the CEO will determine in mutual consultation the effect of
such Change of Control on the Option, which shall be treated in a manner they jointly
consider equitable under the circumstances; provided that in the event of a Change of
Control after the 2009 or 2010 calendar year, any portion of the Option that was earned
with respect to the 2009 or 2010 calendar year and that has not yet vested shall vest
in full upon the Change of Control.

4. Exercise of Option.

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

 

 

 

	 	(b)	 	Time To Exercise. The Option must be exercised no later than the Final
Exercise Date, and if not exercised by such date, will thereupon terminate. The option
must also be exercised by the termination of the Optionee’s Employment and, if not
exercised by such date, will thereupon terminate, provided that, upon termination of
the Optionee’s Employment (i) by Employer without Cause, (ii) by resignation by the
Optionee, or (iii) as a result of a Disability or death, the Option will remain
exercisable until the earlier of the 90th day after the Date of Termination
(or the one-year anniversary thereof, in the case of a termination resulting from
Disability or death) or the Final Exercise Date, and will thereupon terminate, provided
further that the Administrator shall extend the period to exercise the portion of the
Option that vests after termination of Employment (but not beyond the Final Exercise
Date) to the extent necessary to determine the Actual Internal EBITA (as defined in
Schedule A) for the year containing the Date of Termination (or for the preceding year,
as applicable).

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

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

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

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

 

 

 

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

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

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

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

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

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

 

 

 

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

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

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

 

 

 

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

[SIGNATURE PAGE FOLLOWS]

 

 

 

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

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp.	 	SUNGARD CAPITAL CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Optionee

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

	 	 	 	 	 
	 

	 	 

Optionee Signature
	 	 

 

 

 

Schedule A

Vesting Schedule

	(1)	 	With respect to the 2010 calendar year, the Option shall be earned to the extent that
the Base Case for such calendar year is achieved during such period as follows, and the
portion of the Option that is earned for such calendar year shall vest in accordance with the
vesting schedule set forth in paragraph (2) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, the Option will not be earned for any Shares at the end of that
year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Shares underlying the Option that will be earned for the
calendar year will be determined by interpolation at the linear rate of 1/78.32 of the
Shares per one percentage point of Actual Internal EBITA (rounded to the nearest .0001 of
a Share);

	 	(c)	 	If Actual Internal EBITA for such calendar year is above 100% but not greater than
106.25% of the Base Case for that year, the number of Shares underlying the Option that
will be earned for the calendar year will be the sum of (i) the number of Options
calculated in accordance with paragraph (b) above and (ii) the number of Options
determined by interpolation at the linear rate of 1/249.51 of the Shares per one
percentage point of Actual Internal EBITA in excess of 100% (rounded to the nearest .0001
of a Share); and

	 	(d)	 	If Actual Internal EBITA for such calendar year is greater than 106.25% of the Base
Case for that year, the Option shall not be earned for any further Shares than provided
above until Actual Internal EBITA for such calendar year is equal to or greater than 100%
of the Original Base Case (as defined below), at which point the Option shall be earned as
follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number of Shares underlying the
Option that will be earned for the calendar year will be the sum of (x) the number
of Options calculated in accordance with paragraph (c) above and (y) an amount
determined by interpolation at the linear rate of 1/56.25 of the Shares per one
percentage point of Actual Internal EBITA (rounded to the nearest .0001 of a Share)
between 100% and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, the Option shall be earned for
1/5 of the Shares (rounded to the nearest .0001 of a Share) at the end of that year.

	(2)	 	With respect to the 2010 calendar year, the Option shall vest and be exercisable with respect
to 25% of the total number of Shares earned under paragraph (1) above at the end of such
calendar year (“Initial Vesting Date”); and the remaining 75% of the total number of
Shares earned for such calendar year shall vest and be exercisable in equal monthly
installments over the 36 months following the Initial Vesting Date starting with the first
monthly anniversary of the Initial Vesting Date. All vesting shall be conditioned on
continued service with the Company through the applicable vesting date.

	(3)	 	With respect to each of the calendar years in the Performance Period after 2010, the
Option shall be exercisable to the extent that the Base Case is achieved during such period as
follows, and the portion of the Option that is earned for such calendar year shall vest in
accordance with the vesting schedule set forth in paragraph (4) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, the Option will not be earned for any Shares at the end of that
year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Shares underlying the Option that will be earned at the
end of that year will be determined by interpolation at the linear rate of 1/56.25 of the
Shares per one percentage point of Actual Internal EBITA (rounded to the nearest .0001 of
a Share); and

 

 

 

	 	(c)	 	If Actual Internal EBITA for such calendar year is greater than 100% of the Base Case
for that year, the Option shall not be earned for any Shares other than provided above
until Actual
Internal EBITA for such calendar year is equal to or greater than 100% of the Original
Base Case (as defined below) for that year, at which point the Option shall be earned as
follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number of Shares underlying the
Option that will be earned for the calendar year will be the sum of (x) the number
of Shares calculated in accordance with paragraph (b) above and (y) an amount
determined by interpolation at the linear rate of 1/56.25 of the Shares per one
percentage point of Actual Internal EBITA (rounded to the nearest .0001 of a Share)
between 100% and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, the Option shall be earned for
1/5 of the Shares (rounded to the nearest .0001 of a Share) at the end of that year.

	(4)	 	With respect to each of the calendar years in the Performance Period after 2010, all
Options shall vest and be exercisable as of the end of the applicable calendar year, to the
extent earned, and subject to the other terms of the Agreement.

For purposes of this Vesting Schedule:

“Performance Period” means the five-year period beginning on January 1, 2010.

“Actual Internal EBITA” means the Company’s actual earnings before interest, taxes and
amortization for a year, determined based on the Company’s audited financials. Actual Internal
EBITA shall not be reduced by costs of the acquisition of the Company by the Investors or the
Company’s proposed spin-off of its availability services business or related items, management and
transaction fees payable to the Investors or their affiliates, extraordinary items (as determined
by the Compensation Committee in consultation with the CEO) or non-cash equity incentive expenses.
Actual Internal EBITA shall be calculated without giving effect to purchase accounting and shall be
adjusted in good faith by the Compensation Committee in consultation with the CEO to reflect the
consequences of acquisitions and dispositions. Unless otherwise determined by the Board or
Compensation Committee and agreed to by the CEO, the adjustment for acquisitions and dispositions
shall be based on a cost of funds used for acquisitions and released by dispositions at a rate of
11%, compounded at the rate of 7.5% per annum, provided that transactions with a purchase price in
excess of $50 million may merit an alternative adjustment, in which case the rate will be as
mutually agreed by the CEO and the Board or Compensation Committee. Actual Internal EBITA targets
shall be appropriately adjusted by the Compensation Committee in consultation with the CEO in case
of changes in GAAP promulgated by FASB or the SEC or changes in depreciation methodology.

“Base Case” means the Actual Internal EBITA targets for the Company during each calendar year
in the Performance Period, as follows: the Company’s final consolidated budgeted EBITA, as
approved by the Board or Compensation Committee and as appears in the Company’s operating budget
for each of the applicable calendar years in the Performance Period.

“Original Base Case” means the Actual Internal EBITA targets for the Company during each
calendar year in the Performance Period, as originally determined for the applicable calendar years
as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Original Base Case	 	2010	 	 	2011	 	 	2012	 	 	2013	 	 	2014	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Actual Internal
EBITA (in millions)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

 

Exhibit A

Restrictive Covenants

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

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

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

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

 

 

 

	 	 	 
	 

	 	Name:
	 

	 	Number of Shares:
	 

	 	Price per Share:
	 

	 	Date of Grant:

SunGard Capital Corp.

Management Non-Qualified Performance-Based Class A Option Agreement

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

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

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

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

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

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

(a) “CEO” means the Chief Executive Officer of the Company;

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

May
2010 Form U.S. — Tier II EO

 

 

 

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

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

	 	(e)	 	“Investors” means investment funds advised by Silver Lake Partners,
Bain Capital, The Blackstone Group, Goldman, Sachs & Co., Kohlberg Kravis Roberts,
Providence Equity Partners and Texas Pacific Group that own capital stock of the
Company;

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

	 	(g)	 	“Retirement” means termination of employment by Optionee after age 62;

	 	(h)	 	“Vest on a Pro Rata Basis” means that the vesting of Optionee’s Option
shall continue through the end of the Year of Termination (but not thereafter),
provided that only a portion of the Option that otherwise would have vested at the end
of such year shall vest, such portion being determined by multiplying (i) the number of
Shares subject to the Option that otherwise would have vested at the end of such year
based upon attainment of pre-determined performance goals, by (ii) (A) the number of
days in which Optionee was employed by Employer during the Year of Termination divided
by (B) 365 (rounded to the nearest whole number of Shares);

Notwithstanding the foregoing, with respect to a termination of Employment described
in Section 3(a) during the 2010 calendar year, “Vest on a Pro Rata Basis”
means that the Option shall continue to be earned through the end of the Year of
Termination (but not thereafter), provided that only a portion of the Option that
otherwise would have been earned at the end of such year shall be earned as of the
end of the calendar year, such portion being determined by multiplying (i) the
number of Shares subject to the Option that otherwise would have been earned at the
end of such calendar year based upon attainment of pre-determined performance goals,
by (ii) (A) the number of days in which Optionee was employed by Employer during the
Year of Termination divided by (B) 365 (rounded to the nearest whole number of
Shares); the portion of the Option that is earned for the Year of Termination as
described in this paragraph shall vest as of the last day of the Year of Termination
pursuant to Section 3(a);

 

-2-

 

	 	(i)	 	“Vest on a Return-on-Equity Basis” means that Optionee’s Option shall
be subject to accelerated vesting at the time of a Change of Control as follows:

	 	(i)	 	If the Change of Control occurs on or before December 31, 2013
and results in the Investors receiving an amount constituting at least 300% of
the Investors’ initial equity investment in Company and any subsequent equity
investments, Shares shall vest as follows: (A) if the Investor internal rate
of return (“IRR”) as of the Change of Control date is 16% or higher, all
remaining Shares shall become fully vested and exercisable on the one-year
anniversary of the Change of Control; (B) if the Investor IRR as of the Change
of Control date is between 14% and 16%, the number of Shares determined by
interpolation (e.g., 50% acceleration at 15% IRR) shall become fully vested and
exercisable on the one-year anniversary of the Change of Control; and (C) if
the Investor IRR as of the Change of Control date is less than 14%, there will
be no acceleration of vesting. Vesting on the one-year anniversary of the
Change of Control is contingent on continued employment through the one-year
anniversary date, except as otherwise provided in Section 3(a).

	 	(ii)	 	If a Change of Control occurs and the requirements of
subsection (i) are not met, there will be no acceleration of vesting.

	 	(iii)	 	In determining the amount that has been received by the
Investors, the gross value of all cash (including prior distributions the
Investors or their Affiliates have received with respect to the Shares) and/or
securities (with the fair value of such securities to be determined by the
Board, which shall be entitled to take into account any restrictions on
transferability, liquidity or saleability of such securities) received by the
Investors shall be taken into account, minus the amount of commissions, fees
and expenses payable by the Investors to the investment bankers and
professional advisors in connection with the Change of Control. Management and
transaction fees specified in the Management Agreement shall be excluded,
provided that any increases in such fees from the fees in effect as of the date
of the Optionee’s Employment Agreement must be customary (on a percentage of
equity basis or in the case of transaction fees as a percentage of transaction
size) compared to fees charged by private equity sponsors to their portfolio
companies. In evaluating the amount of the transaction consideration, the
Board may take into consideration amounts paid into escrow and contingent
payments in connection with any transaction.

	 	(j)	 	“Year of Termination” means the fiscal year for the applicable
Performance Period during which Optionee’s Date of Termination occurs.

As used herein with respect to the Option, the Option shall be earned based on performance and
shall vest based on Section 3 below, and the term “vest” means to become exercisable in whole or in
specified part.

 

-3-

 

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

	 	(a)	 	if the Optionee’s Employment terminates as a result of (i) termination of the
Optionee by Employer without Cause, (ii) the Optionee’s Disability or death, or (iii)
with respect to Shares earned for a calendar year after 2010, the Optionee’s
Retirement, then (A) the Option for the year of termination shall Vest on a Pro Rata
Basis, (B) any unvested portion of the Option that was earned for the 2010 calendar
year shall become fully vested as of the Date of Termination, and (C) if a Change of
Control has occurred, any amount that is scheduled to vest on the one-year anniversary
of the Change of Control pursuant to clause (i) of Section 2(i) above shall become
fully vested as of the Date of Termination;

	 	(b)	 	with respect to the portion of the Option that is earned for the 2010 calendar
year, if the Optionee’s Employment terminates as a result of the Optionee’s resignation
or Retirement, then the Option shall be deemed to have stopped vesting as of the Date
of Termination of such Optionee, and no portion of the Option shall be earned for the
calendar year in which the Date of Termination occurs;

	 	(c)	 	with respect to the portion of the Option that is earned for calendar years
after 2010, if the Optionee’s Employment terminates as a result of the Optionee’s
resignation, then the Option shall be deemed to have stopped vesting as of the
beginning of the year containing the Date of Termination of such Optionee;

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

	 	(e)	 	upon a Change of Control through December 31, 2013, the Option shall Vest on a
Return-on-Equity Basis; provided that, upon such a Change of Control following which
Stock continues to be held by any of the Principal Investors, if the Change of Control
would not result in full acceleration of vesting pursuant to this Section 3(e) without
giving effect to this proviso, the Administrator shall, as it considers appropriate in
its sole discretion, either (i) cause the Option to Vest on a Return-on-Equity Basis
treating the Fair Market Value of any retained Stock as an amount received by the
Investors in connection with the Change of Control, or (ii) permit the Option to Vest
on a Return-on-Equity Basis in connection with any disposition by the Principal
Investors of a material portion of their remaining Stock through December 31, 2013;

	 	(f)	 	notwithstanding the foregoing, in the event of a Change of Control after the
2010 calendar year, any portion of the Option that was earned with respect to the 2010
calendar year based on Schedule A and that has not yet vested shall vest in full upon
the Change of Control.

 

-4-

 

4. Exercise of Option.

	 	(a)	 	In General. The latest date on which this Option may be exercised is
ten years from the Date of Grant (the “Final Exercise Date”). Each election to
exercise this
Option shall be subject to the terms and conditions of the Plan and shall be in
writing, signed by the Optionee or by his or her executor, administrator, or
permitted transferee (subject to any restrictions provided under the Plan and the
Stockholders Agreement), made pursuant to and in accordance with the terms and
conditions set forth in the Plan and received by the Company at its principal
offices, accompanied by payment in full as provided in the Plan. The purchase price
may be paid by delivery of cash or check acceptable to the Administrator or, in case
of an exercise on the Final Exercise Date, or as a result of the Optionee’s
Disability or death, if and to the extent permitted by the Code (including Section
409A thereof) and if such exercise would not adversely affect the Company’s results
of operations under Generally Accepted Accounting Principles, by means of
withholding of Shares subject to the Option with an aggregate Fair Market Value
equal to (i) the aggregate exercise price and (ii) if commercially reasonable for
the Company to so permit (taking into account its cash position in light of any
contractual or legal restrictions) minimum statutory withholding taxes with respect
to such exercise, or by such other method provided under the Plan and explicitly
approved by the Administrator. In the event that this Option is exercised by a
person other than the Optionee, the Company will be under no obligation to deliver
Shares hereunder unless and until it is satisfied as to the authority of the Option
Holder to exercise this Option.

	 	(b)	 	Time To Exercise. The Option must be exercised no later than the Final
Exercise Date, and if not exercised by such date, will thereupon terminate. The Option
must also be exercised by the termination of the Optionee’s Employment and, if not
exercised by such date, will thereupon terminate, provided that, upon termination of
the Optionee’s Employment (i) by Employer without Cause, (ii) by resignation by the
Optionee, or (iii) as a result of a Disability or death, the Option will remain
exercisable until the earlier of the 90th day after the Date of Termination
(or the one-year anniversary thereof, in the case of a termination resulting from
Disability or death) or the Final Exercise Date, and will thereupon terminate, provided
further that the Administrator shall extend the period to exercise the portion of the
Option that vests after termination of Employment (but not beyond the Final Exercise
Date) to the extent necessary to determine the Actual Internal EBITA (as defined in
Schedule A) for the year containing the Date of Termination (or for the preceding year,
as applicable).

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

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

 

-5-

 

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

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

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

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

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

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

 

-6-

 

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

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

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

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

[SIGNATURE PAGE FOLLOWS]

 

-7-

 

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

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp.	 	SUNGARD CAPITAL CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Optionee

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

	 	 	 	 	 
	 

	 	 

Optionee
	 	 

May
2010 Form US — Tier II EO

 

 

 

Schedule A

Vesting Schedule

	(1)	 	With respect to the 2010 calendar year, the Option shall be earned to the extent that
the Base Case for such calendar year is achieved during such period as follows, and the
portion of the Option that is earned for such calendar year shall vest in accordance with the
vesting schedule set forth in paragraph (2) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, the Option will not be earned for any Shares at the end of that
year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Shares underlying the Option that will be earned for the
calendar year will be determined by interpolation at the linear rate of 1/78.32 of the
Shares per one percentage point of Actual Internal EBITA (rounded to the nearest .0001 of
a Share);

	 	(c)	 	If Actual Internal EBITA for such calendar year is above 100% but not greater than
106.25% of the Base Case for that year, the number of Shares underlying the Option that
will be earned for the calendar year will be the sum of (i) the number of Options
calculated in accordance with paragraph (b) above and (ii) the number of Options
determined by interpolation at the linear rate of 1/249.51 of the Shares per one
percentage point of Actual Internal EBITA in excess of 100% (rounded to the nearest .0001
of a Share); and

	 	(d)	 	If Actual Internal EBITA for such calendar year is greater than 106.25% of the Base
Case for that year, the Option shall not be earned for any further Shares than provided
above until Actual Internal EBITA for such calendar year is equal to or greater than 100%
of the Original Base Case (as defined below), at which point the Option shall be earned as
follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number of Shares underlying the
Option that will be earned for the calendar year will be the sum of (x) the number
of Options calculated in accordance with paragraph (c) above and (y) an amount
determined by interpolation at the linear rate of 1/56.25 of the Shares per one
percentage point of Actual Internal EBITA (rounded to the nearest .0001 of a Share)
between 100% and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, the Option shall be earned for
1/5 of the Shares (rounded to the nearest .0001 of a Share) at the end of that year.

	(2)	 	With respect to the 2010 calendar year, the Option shall vest and be exercisable with respect
to 25% of the total number of Shares earned under paragraph (1) above at the end of such
calendar year (“Initial Vesting Date”); and the remaining 75% of the total number of
Shares earned for such calendar year shall vest and be exercisable in equal monthly
installments over the 36 months following the Initial Vesting Date starting with the first
monthly anniversary of the Initial Vesting Date. All vesting shall be conditioned on
continued service with the Company through the applicable vesting date.

	(3)	 	With respect to each of the calendar years in the Performance Period after 2010, the
Option shall be exercisable to the extent that the Base Case is achieved during such period as
follows, and the portion of the Option that is earned for such calendar year shall vest in
accordance with the vesting schedule set forth in paragraph (4) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, the Option will not be earned for any Shares at the end of that
year;

 

 

 

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Shares underlying the Option that will be earned at the
end of that year will be determined by interpolation at the linear rate of 1/56.25 of the
Shares per one percentage point of Actual Internal EBITA (rounded to the nearest .0001 of
a Share); and

	 	(c)	 	If Actual Internal EBITA for such calendar year is greater than 100% of the Base Case
for that year, the Option shall not be earned for any Shares other than provided above
until Actual Internal EBITA for such calendar year is equal to or greater than 100% of the
Original Base Case (as defined below) for that year, at which point the Option shall be
earned as follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number of Shares underlying the
Option that will be earned for the calendar year will be the sum of (x) the number
of Shares calculated in accordance with paragraph (b) above and (y) an amount
determined by interpolation at the linear rate of 1/56.25 of the Shares per one
percentage point of Actual Internal EBITA (rounded to the nearest .0001 of a Share)
between 100% and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, the Option shall be earned for
1/5 of the Shares (rounded to the nearest .0001 of a Share) at the end of that year.

	(4)	 	With respect to each of the calendar years in the Performance Period after 2010, all
Options shall vest and be exercisable as of the end of the applicable calendar year, to the
extent earned, and subject to the other terms of the Agreement.

For purposes of this Vesting Schedule:

“Performance Period” means the five-year period beginning on January 1, 2010.

“Actual Internal EBITA” means the Company’s actual earnings before interest, taxes and
amortization for a year, determined based on the Company’s audited financials. Actual Internal
EBITA shall not be reduced by costs of the acquisition of the Company by the Investors or the
Company’s proposed spin-off of its availability services business or related items, management and
transaction fees payable to the Investors or their affiliates, extraordinary items (as determined
by the Compensation Committee in consultation with the CEO) or non-cash equity incentive expenses.
Actual Internal EBITA shall be calculated without giving effect to purchase accounting and shall be
adjusted in good faith by the Compensation Committee in consultation with the CEO to reflect the
consequences of acquisitions and dispositions. Unless otherwise determined by the Board or
Compensation Committee and agreed to by the CEO, the adjustment for acquisitions and dispositions
shall be based on a cost of funds used for acquisitions and released by dispositions at a rate of
11%, compounded at the rate of 7.5% per annum, provided that transactions with a purchase price in
excess of $50 million may merit an alternative adjustment, in which case the rate will be as
mutually agreed by the CEO and the Board or Compensation Committee. Actual Internal EBITA targets
shall be appropriately adjusted by the Compensation Committee in consultation with the CEO in case
of changes in GAAP promulgated by FASB or the SEC or changes in depreciation methodology.

“Base Case” means the Actual Internal EBITA targets for the Company during each calendar year
in the Performance Period, as follows: the Company’s final consolidated budgeted EBITA, as
approved by the Board or Compensation Committee and as appears in the Company’s operating budget
for each of the applicable calendar years in the Performance Period.

“Original Base Case” means the Actual Internal EBITA targets for the Company during each
calendar year in the Performance Period, as originally determined for the applicable calendar years
as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Original Base Case	 	2010	 	 	2011	 	 	2012	 	 	2013	 	 	2014	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Actual Internal
EBITA (in millions)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

 

Exhibit A

Restrictive Covenants

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

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

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

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

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