Document:

SunGard Data Systems Inc. 1998 Equity Incentive Plan

  
 Exhibit 10.6

  
 SUNGARD DATA
SYSTEMS INC. 
  
 1998
EQUITY INCENTIVE PLAN 
 amended and restated as of December 14, 2004 
  

	1.	Purpose 

  
 The purpose of the SunGard Data Systems Inc. 1998 Equity Incentive Plan (the “Plan”) is to promote the long-term retention of key employees of
SunGard Data Systems Inc., (“SunGard”) and its current and future subsidiaries (collectively, the “Company”) who are in a position to make significant contributions to the success of the Company, to further reward these employees
for their contributions to the Company’s success, to provide additional incentive to these employees to continue to make similar contributions in the future, and to further align the interests of these employees with those of SunGard’s
stockholders. These purposes will be achieved by granting to such employees, in accordance with the provisions of this Plan, Options, Restricted Stock or Unrestricted Stock Awards or Performance Awards, for shares of SunGard’s common stock,
$0.01 par value per share (“Common Stock”), or Loans or Supplemental Grants, or combinations thereof (“Awards”). 
  

	2.	Aggregate Number of Shares 

  
 2.1 The aggregate number of shares of Common Stock for which Awards may be granted under the Plan will be 3,000,000 shares, with an individual limit of
250,000 shares per Participant (as defined in Section 3.1 below) per year, subject to adjustment in accordance with this Section 2.1 and in accordance with Section 2.2 below. If there is any change in the capitalization of SunGard, such as by stock
dividend, stock split, combination of shares, exchange of securities, recapitalization or other event which the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of SunGard deems, in its sole
discretion, to be similar circumstances, the aggregate number and/or kind of shares for which Awards may be granted under the Plan and such individual limit shall be appropriately adjusted in a manner determined by the Committee. No fractional
shares of Common Stock will be delivered under the Plan. 
  
 2.2
On January 1 of each year, commencing with January 1, 1999, the aggregate number of shares of Common Stock for which Awards may be granted under the Plan shall automatically be increased by the number of shares of Common Stock exercised during the
previous fiscal year pursuant to stock options granted under the Company’s stock option and award plans with a maximum annual increase of two percent (2%) of the Company’s outstanding shares of Common Stock on that date; provided that no
more than 3,000,000 shares (subject to adjustment in accordance with Section 2.1) of the shares eligible for issuance under the Plan shall be issued upon the exercise of ISOs (as defined in Section 5.1) under the Plan. 
  
 2.3 Treasury shares, reacquired shares and unissued shares of Common Stock
may be used for purposes of the Plan, at SunGard’s sole discretion. 
  
 2.4 Shares of Common Stock that were issuable pursuant to an Award that has terminated but with respect to which such Award had not been exercised, shares of Common Stock that are issued pursuant to an Award but that
are subsequently forfeited, and shares of Common Stock that were issuable pursuant to an Award that was payable in Common Stock or cash but that was satisfied in cash, shall be available for future Awards under the Plan. 
  

	3.	Eligible Employees and Participants 

  
 3.1 All current and future key employees of the Company, including officers and directors who are employed by the Company (“Employees”), shall
be eligible to receive Awards under the Plan. Neither members of the Committee nor any other directors who are not Employees shall be eligible to receive Awards. No eligible Employee (a “Participant”) shall have any right to receive an
Award except as expressly provided in the Plan. 
  
 3.2 The
Participants who shall actually receive Awards under the Plan shall be determined by the Committee in its sole discretion. In making such determinations, the Committee shall consider the positions and responsibilities of eligible employees, their
past performance and contributions to the Company’s growth and expansion, the value of their services to the Company, the difficulty of finding qualified replacements, and such other factors as the Committee deems pertinent in its sole
discretion. 
  

	4.	Administration 

  
 4.1 The Plan shall be administered by the Committee. The Committee may delegate all or any portion of its authority hereunder to a subcommittee consisting
of at least two Committee members (and references in this Plan to the “Committee” shall thereafter be to the Committee or such subcommittee). The Committee may consist solely of two or more “non-employee directors” within the
meaning of Rule 16b-3(b)(3) under the Securities Exchange Act of 1934, as amended (the “1934 Act”) or any future corresponding rule, provided that the failure of the Committee or of the Board for any reason to be composed solely of
non-employee directors shall not prevent an Award from being considered granted under this Plan. In addition to its other authority and subject to the provisions of the Plan, the Committee shall have the authority to determine, in its sole
discretion, the Participants who shall be eligible to receive Awards, the Participants who shall actually receive Awards, the size of each Award, including the number of shares of Common Stock subject to the Award, the type or types of each Award,
the date on which each Award shall be granted, the terms and conditions of each Award, whether to waive compliance by a Participant with any obligations to be performed by the Participant under an Award or waive any term or condition of an Award,
whether to amend or cancel an existing Award in whole or in part (except that the Committee may not, other than as specifically authorized herein, change the exercise price of an Award or cancel an existing Award in exchange for a new Award with a
lower exercise price, and may not, without the consent of the holder of an Award or unless specifically authorized by the terms of an Award, take any action under this clause with respect to such Award if such action would adversely affect the
rights of such holder), and the form or forms of instruments that are required or deemed appropriate under the Plan, including any written notices and elections required of Participants. 
  
 4.2 The Committee may adopt such rules for the administration of the Plan as it deems necessary or advisable, in its sole
discretion. For all purposes of the Plan, a majority of the members of the Committee shall constitute a quorum, and the vote or written consent of a majority of the members of the Committee on a particular matter shall constitute the act of the
Committee on that matter. The Committee shall have the exclusive right to construe the Plan and any Award, to settle all controversies regarding the Plan or any Award, to correct defects and omissions in the Plan and in any Award, and to take such
further actions as the Committee deems necessary or advisable, in its sole discretion, to carry out the purpose and intent of the Plan. Such actions shall be final, binding and conclusive upon all parties concerned. 
  
 4.3 No member of the Committee or the Board shall be liable for any act or
omission (whether or not negligent) taken or omitted in good faith, or for the good faith exercise of any authority or discretion granted in the Plan to the Committee or the Board, or for any act or omission of any other member of the Committee or
the Board. 
  

 2 

 4.4 All costs incurred in connection with the administration and operation of the Plan shall be paid by
the Company. Except for the express obligations of the Company under the Plan and under Awards granted in accordance with the provisions of the Plan, the Company shall have no liability with respect to any Award, or to any Participant or any
transferee of shares of Common Stock from any Participant, including, but not limited to, any tax liabilities, capital losses, or other costs or losses incurred by any Participant or any such transferee. 
  

	5.	Types of Awards 

  
 5.1 Options. 
  
 (a) An Option is an Award entitling the recipient on exercise thereof to purchase Common Stock at a specified exercise price. Both
“incentive stock options,” as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) (any Option intended to qualify as an incentive stock option being hereinafter referred to as an “ISO”),
and Options that are not incentive stock options (“non-ISO”), may be granted under the Plan. 
  
 (b) The exercise price of an Option will be determined by the Committee subject to the following: 
  
 (1) The exercise price of an ISO shall not be less than 100%
(110% in the case of an ISO granted to a ten percent shareholder) of the fair market value (as defined in Section 11.9) of the Common Stock subject to the ISO, determined as of the time the ISO is granted. A “ten-percent shareholder” is
any person who at the time of grant owns, directly or indirectly, or is deemed to own by reason of the attribution rules of Section 424(d) of the Code, stock possessing more than 10% of the total combined voting power of all classes of stock of
SunGard or of any of its subsidiaries. 
  
 (2)
The exercise price of a non-ISO shall not be less than 100% of the fair market value of the Common Stock subject to the non-ISO, determined as of the time the non-ISO is granted, except that: 
  
 (A) the exercise price of a non-ISO may be equal to or
greater than 85% of the fair market value of the Common Stock subject to the non-ISO, if the discount is granted in lieu of a reasonable amount of cash compensation; or 
  
 (B) the exercise price of a non-ISO granted pursuant to a Performance Award may be (i) 100% of the fair
market value of the Common Stock subject to the non-ISO, determined either as of the time the Performance Award is granted or as of the time the non-ISO is granted pursuant to the Performance Award; or (ii) an amount less than such fair market value
if the discount is granted in lieu of a reasonable amount of cash compensation as consideration for exceeding the goal(s) set forth in the Performance Award. 
  

(3) In no case may the exercise price paid for Common Stock which is part of an original issue of authorized Common Stock be less than
the par value per share of the Common Stock. 
  
 (c) The period during which an Option may be exercised will be determined by the Committee, except that the period during which an ISO may be exercised will not exceed ten years (five 

  

 3 

 
years, in the case of an ISO granted to a ten-percent shareholder) from the day immediately preceding the date the Option was granted. 
  
 (d) An Option will become vested and/or exercisable at such
time or times, and on such terms and conditions, as the Committee may determine, but in no event shall an Option granted to a person subject to Section 16 of the 1934 Act be exercisable within the first six months after the date of grant except as
otherwise provided in the Award or the Plan. The Committee may at any time accelerate the time at which all or any part of an Option becomes vested and/or exercisable. Any exercise of an Option must be in writing, signed by the proper person and
delivered or mailed to the Company, accompanied by (1) any documents required by the Committee and (2) payment in full in accordance with Section 5.1(e) below for the number of shares for which the Option is exercised. 
  
 (e) Stock purchased on exercise of an Option must be paid
for as follows: (1) in cash or by check (acceptable to SunGard in accordance with guidelines established for this purpose), bank draft or money order payable to the order of SunGard or (2) if so permitted by the instrument evidencing the Option (or
in the case of an Option which is not an ISO, by the Committee at or after grant of the Option), (i) through the delivery of shares of Common Stock which have been outstanding for at least six months (unless the Committee expressly approves a
shorter period) and which have a fair market value on the last business day preceding the date of exercise equal to the exercise price, or (ii) by delivery of a promissory note of the Option holder to SunGard, payable on such terms and conditions as
the Committee may determine, or (iii) by delivery of an unconditional and irrevocable undertaking by a broker to deliver promptly to SunGard sufficient funds to pay the exercise price, or (iv) by any combination of the permissible forms of payment;
provided, that if the Common Stock delivered upon exercise of the Option is an original issue of authorized Common Stock, at least so much of the exercise price as represents the par value of such Common Stock must be paid other than by the Option
holder’s promissory note. 
  
 (f) If the
market price of shares of Common Stock subject to an Option exceeds the exercise price of the Option at the time of its exercise, the Committee may cancel the Option and cause SunGard to pay in cash or in shares of Common Stock (at a price per share
equal to the fair market value per share) to the person exercising the Option an amount equal to the difference between the fair market value of the Common Stock which would have been purchased pursuant to the exercise (determined on the date the
Option is canceled) and the aggregate exercise price which would have been paid. The Committee may exercise its discretion to take such action only if it has received a written request from the person exercising the Option, but such a request will
not be binding on the Committee. 
  
 5.2 Restricted and
Unrestricted Stock. 
  
 (a) A Restricted
Stock Award entitles the recipient to acquire, for a purchase price not less than the par value, shares of Common Stock subject to the restrictions described in Section 5.2(d) below (“Restricted Stock”). 
  
 (b) A Participant who is granted a Restricted Stock Award
shall have no rights with respect to such Award unless the Participant accepts the Award by written instrument delivered or mailed to SunGard accompanied by payment in full of the specified purchase price, if any, of the shares covered by the Award.
Payment may be by certified or bank check or other instrument acceptable to the Committee. 
  
 (c) A Participant who receives Restricted Stock shall have all the rights of a stockholder with respect to such stock, including voting
and dividend rights, subject to the restrictions described in paragraph (d) below and any other conditions imposed by the Committee at the time of grant. 

  

 4 

 
Unless the Committee otherwise determines, certificates evidencing shares of Restricted Stock will remain in the possession of the Company until such shares
are free of all restrictions under the Plan. 
  
 (d) Except as otherwise specifically provided by the Plan or the Award, Restricted Stock may not be sold, assigned, exchanged, pledged, gifted or otherwise disposed of, or transferred, and if a Participant suffers a Status Change (as
defined in Section 6.1 below) for any reason, must be offered to SunGard for purchase for the amount of cash paid for such stock, or forfeited to the Company if no cash was paid. These restrictions will lapse and the shares will become unrestricted
(“Unrestricted Stock”) at such time or times, and on such terms and conditions, as the Committee may determine; provided, however, that these restrictions will apply ratably for a minimum period of three years, unless the Restricted Stock
is subject to a Performance Award, in which case these restrictions will apply for a minimum period of one year. In the event of a Status Change, the Committee may accelerate the time at which the restrictions on all or any part of the shares will
lapse. 
  
 (e) Any Participant making, or
required by an Award to make, an election under Section 83(b) of the Code with respect to Restricted Stock shall deliver to SunGard, within 10 days of the filing of such election with the Internal Revenue Service, a copy of such election.

  
 (f) The Committee may, at the time an Award
described in this Section 5 is granted, provide that any or all of the Common Stock delivered pursuant to such Award will be Restricted Stock. 
  
 (g) The Committee may, in its sole discretion, approve the sale to any Participant of shares of Common Stock free of restrictions under
the Plan for a price which is not less than the par value of the Common Stock, provided that the value of such Award, which equals the difference between the price and the fair market value of such shares on the date of grant, is in lieu of a
reasonable amount of cash compensation. 
  
 5.3 Performance
Awards. A Performance Award entitles the recipient to receive, without payment, an Award or Awards described in this Section 5 following the attainment of such performance goals, during such measurement period or periods (which must be at least
one year), and on such other terms and conditions, all as the Committee may determine. Performance goals may be related to overall corporate performance, operating group or business unit performance, personal performance or such other category of
performance as the Committee may determine. Financial performance may be measured by revenue, operating income, net income, earnings per share, number of days sales outstanding in accounts receivable, productivity, return on equity, common stock
price, price-earnings multiple, or such other financial factors as the Committee may determine. Performance goals also may be included as terms and conditions of other types of Awards. 
  
 5.4 Loans and Supplemental Grants. 
  
 (a) The Company may make a loan to a Participant (“Loan”), either in connection with the purchase
of Common Stock under the Award or the payment of any Federal, state and local income tax with respect to income recognized as a result of the Award. The Committee shall have the authority, in its sole discretion, to determine whether to make a
Loan, the amount, terms and conditions of the Loan, including the interest rate (which may be zero), whether the Loan is to be secured or unsecured or with or without recourse against the borrower, the terms on which the Loan is to be repaid and the
terms and conditions, if any, under which the Loan may be forgiven. In no event shall any Loan have a term (including extensions) in excess of ten years. 
  

 5 

 (b) In connection with any Award, the Committee may grant a cash award to the Participant
(“Supplemental Grant”) not to exceed an amount equal to (1) the amount of any Federal, state and local income tax on ordinary income for which the Participant may be liable with respect to the Award, determined by assuming taxation at the
highest marginal rate, plus (2) an additional amount on a grossed-up basis intended to make the Participant whole on an after-tax basis after discharging all the Participant’s income tax liabilities arising from all payments under this Section
5. Any payments under this Section 5(b) shall be made at the time the Participant incurs Federal income tax liability with respect to the Award. 
  
 (c) In connection with any Performance Award or any Award that depends in whole or in part upon the attainment of performance goals, the
Committee may grant a cash award to the Participant for exceeding the performance goals set forth in such Award. 
  

	6.	Events Affecting Outstanding Awards. 

  
 6.1 Status Change Due to Death or Disability. If by reason of death or permanent disability (as determined by the Committee) a Participant
experiences a Status Change (a “Status Change” occurs when a Participant is both not an Employee and not a Director), the following rules shall apply, unless otherwise determined by the Committee: 
  
 (a) All Options held by the Participant at the time of such
Status Change, to the extent then exercisable, will continue to be exercisable by the Participant’s heirs, executor, administrator or other legal representative, for a period of one year after the Participant’s Status Change. After the
expiration of such one-year period, all such Options shall terminate. In no event, however, shall an Option remain exercisable beyond the latest date on which it could have been exercised without regard to this Section 6. All Options held by a
Participant at the time of such Status Change that are not then exercisable shall terminate upon such Status Change. 
  
 (b) All Restricted Stock held by the Participant at the time of such Status Change shall immediately become free of all restrictions and
conditions. 
  
 (c) Any payment or benefit under
a Performance Award or Supplemental Grant to which the Participant was not irrevocably entitled at the time of such Status Change shall be forfeited and the Award canceled as of the time of such Status Change. 
  
 6.2 Status Change Not Due to Death or Disability. If a Participant
experiences a Status Change other than by reason of death or permanent disability (as determined by the Committee), the following rules shall apply, unless otherwise determined by the Committee at the time of grant of an Award: 
  
 (a) All Options held by the Participant at the time of such
Status Change, to the extent then exercisable, will continue to be exercisable by the Participant for a period of three months after the Participant’s Status Change, provided that no Option shall terminate earlier than three months after the
date the Option first becomes exercisable. After the expiration of such period, such Options shall terminate. In no event, however, shall an Option remain exercisable beyond the latest date on which it could have been exercised without regard to
this Section 6. All Options held by a Participant at the time of such Status Change that are not then exercisable shall terminate upon such Status Change. 
  
 (b) All Restricted Stock held by the Participant at the time of such Status Change shall immediately become free of all restrictions and
conditions, unless such Status Change results from a 

  

 6 

 
voluntary resignation or termination for Cause (as defined in Section 6.2(d)), in which event all Restricted Stock held by the Participant at the time of the
Status Change shall be transferred to the Company (and, in the event the certificates representing such Restricted Stock are held by the Company, such Restricted Stock shall be so transferred without any further action by the Participant) in
accordance with Section 5.2 above. 
  
 (c) Any
payment or benefit under a Performance Award or Supplemental Grant to which the Participant was not irrevocably entitled at the time of such Status Change shall be forfeited and the Award canceled as of the date of such Status Change. 
  
 (d) In the case of a Participant who is an Officer or
Director, a Status Change made by the Company shall be for “Cause” only if the events described in the following subsections (1) through (3) shall have occurred, provided that no act or failure to act by such Participant shall be deemed to
constitute Cause if done, or omitted to be done, in good faith and with the reasonable belief that the action or omission was in the best interests of the Company: 
  
 (1) at least seventy-five percent (75%) of the members of the Board determined in good faith that such
Participant (A) was guilty of gross negligence or willful misconduct in the performance of his or her duties for the Company (other than due to illness or injury suffered by the Executive or a member of his or her family, or comparable personal
problem), or (B) breached or violated, in a material respect, any agreement between such Participant and the Company or any material policy in the Company’s Business Conduct and Compliance Program (as amended from time to time), or (C)
committed an act of dishonesty or breach of trust, or is convicted of a crime, and the result of such dishonesty, breach of trust, conviction or crime is that there is material or potentially material financial or reputational harm to the Company;
and 
  
 (2) such determination was made at a duly
convened meeting of the Board (A) of which such Participant received written notice at least ten (10) days in advance, which notice shall have set forth in reasonable detail the facts and circumstances claimed to provide a basis for a finding that
one of the events described in subsection (1) above occurred, and (B) at which such Participant had a reasonable opportunity to make a statement and answer the allegations against him or her; and 
  
 (3) either (A) such Participant was given a reasonable
opportunity to take remedial action but failed or refused to do so, or (B) at least seventy-five percent (75%) of the members of the Board also determined in good faith, at such meeting, that an opportunity to take remedial action would not have
been meaningful under the circumstances. 
  
 (e)
For all purposes of this Section 6 (but subject to Section 6.4 below): (1) if a Participant is an Employee (and not also a Director) of a subsidiary of SunGard and such subsidiary ceases to be a subsidiary of SunGard, then the Participant will be
deemed to have experienced a Status Change made by the Company other than for Cause; (2) a Participant will not be deemed to have experienced a Status Change if the Participant is transferred from SunGard to a subsidiary of SunGard, or vice versa,
or from one subsidiary of SunGard to another; and (3) if a Participant who is an Employee, but not also a Director, terminates his or her employment with the Company following a reduction in his or her rate of compensation, then the
Participant’s Status Change will be deemed to have been made by the Company other than for Cause. 
  
 6.3 Change in Control. 
  
 (a) In the event of a Change in Control (as defined in Section 6.3(b)), the following 

  

 7 

 
rules will apply, unless and to the extent otherwise expressly provided (1) by the Committee at the time of the grant of an Award, as set forth in the
instrument evidencing the Award, or (2) in a written agreement between the Company and an individual Participant: 
  
 (1) Each outstanding Option shall automatically become exercisable in full six months after the occurrence of such Change in Control or,
if sooner, upon a termination by the Company of the Participant’s employment with or service to the Company for any reason other than for Cause (as defined in Section 6.2(d)). This provision shall not prevent an Option from becoming exercisable
sooner as to Common Stock or cash that would otherwise have become available under such Option during such period. 
  
 (2) Each outstanding share of Restricted Stock shall automatically become free of all restrictions and conditions six months after the
occurrence of such Change in Control or, if sooner, upon a termination by the Company of the Participant’s employment with or service to the Company for any reason other than for Cause (as defined in Section 6.2(d)). This provision shall not
prevent the earlier lapse of any restrictions or conditions on Restricted Stock that would otherwise have lapsed during such period. 
  
 (3) Conditions on Performance Awards and Supplemental Grants which relate only to the passage of time and continued employment shall
automatically terminate six months after the occurrence of such Change in Control or, if sooner, upon a termination by the Company of the Participant’s employment with or service to the Company for any reason other than for Cause (as defined in
Section 6.2(d)). This provision shall not prevent the earlier lapse of any conditions relating to the passage of time and continued employment that would otherwise have lapsed during such period. Performance or other conditions (other than
conditions relating only to the passage of time and continued employment) shall continue to apply unless otherwise provided in the instrument evidencing the Awards or in any other agreement between the Participant and the Company or unless otherwise
agreed to by the Committee. 
  
 (b) A
“Change in Control” means any of the events described in the following subsections (1) through (6): 
  
 (1) The occurrence of any event that would, if known to SunGard’s management, be required to be reported by SunGard under Item
5.01(a) of Form 8-K pursuant to the Securities Exchange Act of 1934 (the “Exchange Act”); or 
  
 (2) The acquisition or receipt, in any manner, by any person (as defined for purposes of the Exchange Act) or any group of persons acting
in concert, of direct or indirect beneficial ownership (as defined for purposes of the Exchange Act) of twenty percent (20%) or more of the combined voting securities ordinarily having the right to vote for the election of directors of SunGard;
provided that the following shall not constitute a Change in Control: (i) any acquisition directly from SunGard; (ii) any acquisition by SunGard or any of its affiliates, or (iii) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by SunGard or any of its affiliates; or 
  
 (3) A change in the constituency of the Board with the result that individuals (the “Incumbent Directors”) who are members of the Board as of the Effective Date cease for any reason to constitute at least a
majority of the Board; provided that any individual who is elected to the Board after the Effective Date and whose nomination for election was unanimously approved by the Incumbent Directors shall be considered an Incumbent Director beginning on the
date of his or her election to the Board; or 
  

 8 

 (4) Consummation of a merger, consolidation or reorganization involving the Company,
unless such merger, consolidation or reorganization results in the voting securities of SunGard outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the
surviving entity or parent thereof) more than fifty percent (50%) of the total voting power represented by the voting securities of SunGard or such surviving entity or parent thereof outstanding immediately after such merger, consolidation or
reorganization; or 
  
 (5) A complete liquidation
or dissolution of SunGard; or 
  
 (6) A sale,
exchange or other disposition or transfer of all or substantially all of SunGard’s business or assets, other than pursuant to a spin-off or comparable transaction in which the transferee is controlled by SunGard or its existing stockholders
immediately prior to such transfer (a “Spin-off”). 
  
 6.4 Spin-off. For all purposes of this Section 6, if a Spin-off (as defined in Section 6.3(b)(6)) is completed, then: 
  
 (a) A Participant will not be deemed to have experienced a Status Change if the Participant (“Spun-off Participant”) is, or
becomes within two years after completion of the Spin-off, an employee or director of the public parent entity that results from the Spin-off (the “Spun-off Parent”) or any parent or subsidiary of the Spun-off Parent (collectively, the
“Spun-off Company”). 
  
 (b) If a
Spun-off Participant ceases to be an employee or director of the Spun-off Company as a result of death or permanent disability (as determined by the Committee), then the provisions of Section 6.1 shall apply at that time. 
  
 (c) If a Spun-off Participant ceases to be an employee or
director of the Spun-off Company other than by reason of death or permanent disability (as determined by the Committee), then the provisions of Section 6.2 shall apply at that time unless Section 6.4(e) is applicable. 
  
 (d) If a Spun-off Participant is an employee of a subsidiary
of the Spun-off Parent and such subsidiary ceases to be a subsidiary of the Spun-off Parent, then the Spun-off Participant will be deemed to have experienced a Status Change made by the Company other than for Cause unless Section 6.4(e) is
applicable. 
  
 (e) A Spun-off Participant will
not be deemed to have experienced a Status Change if the Spun-off Participant is transferred (i) from the Spun-off Company to the Company (which transfer could occur by means of the transfer of a subsidiary of the Spun-off Company to the Company)
within two years after completion of the Spin-off, in which case such Participant shall no longer be considered a Spun-off Participant, (ii) from the Spun-off Company to a subsidiary of the Spun-off Company, or vice versa, or (iii) from one
subsidiary of the Spun-off Company to another. 
  
 (f) If a Spun-off Participant terminates his or her employment with the Spun-off Company following a reduction in his or her rate of compensation, then the Spun-off Participant’s Status Change will be deemed to have been made by the
Spun-off Company without Cause. 
  
 (g) With
respect to Spun-off Participants, (1) references in Section 6.2(d) to “the Company” shall instead refer to the Spun-off Company, and (2) references in Section 6.3 to “a termination by the Company of the Participant’s employment
with or service to the Company” shall instead refer to a 

  

 9 

 
termination by the Spun-off Company of the Spun-off Participant’s employment with or service to the Spun-off Company. 
  

	7.	Grant and Acceptance of Awards 

  
 7.1 The Committee’s approval of a grant of an Award under the Plan, including the names of Participants and the size of the Award, including the
number of shares of Common Stock subject to the Award, shall be reflected in minutes of meetings held by the Committee or the Board or in written consents signed by members of the Committee or the Board. Once approved by the Committee, each Award
shall be evidenced by such written instrument, containing such terms as are required by the Plan and such other terms, consistent with the provisions of the Plan, as may be approved from time to time by the Committee. 
  
 7.2 Each instrument may be in the form of agreements to be executed by both
the Participant and the Company, or certificates, letters or similar instruments, which need not be executed by the Participant but acceptance of which shall evidence agreement to the terms thereof. The receipt of an Award shall not impose any
obligation on the Participant to accept the Award. 
  
 7.3 Except
as specifically provided by the Plan or the instrument evidencing an Award, a Participant shall not become a stockholder of SunGard until (i) the Participant makes any required payments in respect of the Common Stock issued or issuable pursuant to
the Award, (ii) the Participant furnishes SunGard with any required agreements, certificates, letters or other instruments, and (iii) the Participant actually receives the shares of Common Stock. Subject to any terms and conditions imposed by the
Plan or the instrument evidencing an Award, upon the occurrence of all of the conditions set forth in the immediately preceding sentence, a Participant shall have all rights of a stockholder with respect to shares of Common Stock, including, but not
limited to, the right to vote such shares and to receive dividends and other distributions paid with respect to such shares. The Committee may, upon such conditions as it deems appropriate, provide that a Participant will receive a benefit in lieu
of cash dividends that would have been payable on any and all Common Stock subject to the Participant’s Award, had such Common Stock been outstanding. Without limitation, the Committee may provide for payment to the Participant of amounts
representing such dividends, either currently or in the future, or for the investment of such amounts on behalf of the Participant. 
  
 7.4 Notwithstanding any other provision of the Plan, the Company shall not be obligated to deliver any shares of Common Stock pursuant to the Plan or to
remove any restriction from shares of Common Stock previously delivered under the Plan (a) until all conditions to the Award have been satisfied or removed, (b) until, in the opinion of SunGard’s General Counsel, all applicable Federal and
state laws and regulations have been complied with, (c) if the outstanding Common Stock is at the time listed on any stock exchange or included for quotation on an inter-dealer system, until the shares to be delivered have been listed or included or
authorized to be listed or included on such exchange or system upon official notice of notice of issuance, (d) if it might cause SunGard to issue or sell more shares of Common Stock than SunGard is then legally entitled to issue or sell, and (e)
until all other legal matters in connection with the issuance and delivery of such shares have been approved by SunGard’s General Counsel. If the sale of Common Stock has not been registered under the Securities Act of 1933, as amended, the
Company may require, as a condition to exercise of an Award, such representations or agreements as SunGard’s General Counsel may consider appropriate to avoid violation of such Act and may require that the certificates evidencing such Common
Stock bear an appropriate legend restricting transfer. If an Award is exercised by the Participant’s legal representative, the Company shall be under no obligation to deliver Common Stock pursuant to such exercise until the Company is satisfied
as to the authority of such representative. 
  

 10 

	8.	Tax Withholding 

  
 The Company shall withhold from any cash payment made pursuant to an Award an amount sufficient to satisfy all Federal, state and local withholding tax
requirements (the “withholding requirements”). In the case of an Award pursuant to which Common Stock may be delivered, the Committee shall have the right to require that the Participant or other appropriate person remit to the Company an
amount sufficient to satisfy the withholding requirements, or make other arrangements satisfactory to the Committee with regard to such requirements, prior to the delivery of any Common Stock. If and to the extent that such withholding is required,
the Committee may permit a Participant to elect at such time and in such manner as the Committee may determine to have the Company hold back from the shares of Common Stock to be delivered, or to deliver to the Company, Common Stock having a value
calculated to satisfy the withholding requirement. If at the time an ISO is exercised, the Committee determines that the Company could be liable for withholding requirements with respect to a disposition of the Common Stock received upon exercise,
the Committee may require as a condition of exercise that the person exercising the ISO agree (a) to inform the Company promptly of any disposition (within the meaning of Section 424(c) of the Code) of Common Stock received upon exercise, and (b) to
give such security as the Committee deems adequate to meet the potential liability of the Company for the withholding requirements and to augment such security from time to time in any amount reasonably deemed necessary by the Committee to preserve
the adequacy of such security. 
  

	9.	Stockholder Approval, Effective Date and Term of Plan 

  
 The Plan was adopted by the Board on February 27, 1998, subject to the approval of SunGard’s stockholders. The Plan shall be submitted to
SunGard’s stockholders for approval at SunGard’s 1998 annual meeting of stockholders. If such approval is not obtained at such meeting (or at any subsequent meeting at which such approval is sought), then, at the discretion of the Board,
this Plan may be re-submitted to SunGard’s stockholders for approval at any subsequent annual meeting of stockholders or at any special meeting of stockholders (including a special meeting that may be called solely for that purpose). The Plan
shall not become effective unless and until it is approved by the affirmative vote of the holders of a majority of the outstanding shares of SunGard’s Common Stock represented and entitled to vote at a duly convened meeting of SunGard’s
stockholders. If this Plan is so approved by SunGard’s stockholders, then the date of such approval shall be the effective date of this Plan (“Effective Date”). No Award shall be granted more than ten years after the Effective Date.

  

	10.	Effect, Amendment, Suspension and Termination 

  
 Neither adoption of the Plan nor the grant of Awards to a Participant will affect the Company’s right to grant to such Participant awards that are
not subject to the Plan, to issue to such Participant Common Stock as a bonus or otherwise, or to adopt other plans or arrangements under which Common Stock may be issued to Employees or other persons or entities. The Board reserves the right, at
any time and from time to time, to amend the Plan in any way, or to suspend or terminate the Plan, effective as of the date specified by the Board when it takes such action, which date may be before or after the date the Board takes such action;
provided that any such action may not adversely affect any Award granted before the actual date on which such action is taken by the Board without the consent of the relevant Participant; and further provided that the approval of SunGard’s
stockholders shall be required whenever necessary for the Plan to continue to satisfy the conditions of Rule 16b-3 under the 1934 Act, Section 422 of the Code with respect to the award of ISOs (unless the Board determines that ISOs shall no longer
be granted under the Plan), any bylaw, rule or regulation of the primary market system or stock exchange on which SunGard’s Common Stock is then listed or admitted to trading, or any other applicable law, rule or regulation. 
  

 11 

	11.	Other Provisions 

  
 11.1 Nothing contained in the Plan or any Award shall confer upon any Employee or other Participant the right to continue in the employ of, or to continue
to provide service to, the Company or any affiliated corporation, or interfere in any way with the right of the Company or any affiliated corporation to terminate the employment or service of any Employee or other Participant for any reason.

  
 11.2 Corporate action constituting an offer by SunGard of
Common Stock to any Participant under the terms of an Award shall be deemed completed as of the date of grant of the Award, regardless of when the instrument, certificate, or letter evidencing the Award is actually received or accepted by the
Participant. 
  
 11.3 None of a Participant’s rights under
any Award or under the Plan may be assigned or transferred in any manner other than by will or under the laws of descent and distribution. The foregoing shall not, however, restrict a Participant’s rights with respect to Unrestricted Stock or
the outright transfer of cash, nor shall it restrict the ability of a Participant’s heirs, estate, beneficiaries, or personal or legal representatives to enforce the terms of the Plan with respect to Awards granted to the Participant.
Notwithstanding the foregoing, at the discretion of the Committee, an Award (other than an ISO) may permit the transferability of such Award by a Participant solely to members of the Participant’s immediate family or trusts or family
partnerships for the benefit of the Participant and/or members of the Participant’s immediate family to the extent provided in such Award. 
  
 11.4 The Plan, and all Awards granted hereunder, shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania. The
headings of the Sections of the Plan are for convenience of reference only and shall not affect the interpretation of the Plan. All pronouns and similar references in the Plan shall be construed to be of such number and gender as the context
requires or permits. If any provision of the Plan is determined to be unenforceable for any reason, then that provision shall be deemed to have been deleted or modified to the extent necessary to make it enforceable, and the remaining provisions of
the Plan shall be affected. 
  
 11.5 All notices with respect to
the Plan shall be in writing and shall be hand delivered or sent by certified mail or reputable overnight delivery service, expenses prepaid. Notices to the Company or the Committee shall be delivered or sent to SunGard’s headquarters to the
attention of its General Counsel. Notices to any Participant or holder of shares of Common Stock issued pursuant to an Award shall be sufficient if delivered or sent to such person’s address as it appears in the regular records of the Company
or SunGard’s transfer agent. 
  
 11.6 If there is any change
in the capitalization of SunGard, such as by stock dividend, stock split, combination of shares, exchange of securities, recapitalization or other event which the Committee deems, in its sole discretion, to be similar circumstances, the Committee
may make such adjustments to the number and/or kind of shares of stock or securities subject to Awards then outstanding or subsequently granted, any exercise prices relating to such Awards and any other provision of such Awards affected by such
change, as the Committee may determine in its sole discretion. The Committee may also make such adjustments to take into account material changes in law or in accounting practices or principles, mergers, consolidations, acquisitions, dispositions or
similar corporate transactions, or any other event, as the Committee may determine in its sole discretion. 
  
 11.7 The Committee may agree at any time, upon request of a Participant, to defer the date on which any payment under an Award shall be made. 

 

 12 

 11.8 In any case that a Participant purchases Common Stock under an Award for a price equal to the par
value of the Common Stock, the Committee may determine, in its sole discretion, that such price has been satisfied by past services rendered by the Participant. 
  

11.9 For the purposes of the Plan and any Award granted hereunder, unless otherwise determined by the Committee, the term “fair market value”
of Common Stock on or as of a specified date shall mean either (i) in the case of an Option not granted under a Performance Award, the last sale price (as defined below in this Section) for one share of Common Stock on the last trading day on or
before the specified date, or, if the foregoing does not apply, the market value determined by the Committee; or (ii) in the case of an Option granted under a Performance Award, the average of the last sale prices during the first ten trading days
beginning on or after the specified date, or the average of the last sale prices during such other period of time beginning on or after the specified date as is determined by the Committee, or, if the foregoing does not apply, the market value
determined by the Committee. “Last sale price” means the last sale price reported on the New York Stock Exchange or on such other primary market system or stock exchange on which SunGard’s Common Stock is then listed or admitted to
trading. 
  
 THE UNDERSIGNED CERTIFIES THAT THE AMENDMENT AND RESTATEMENT OF THIS
PLAN WAS DULY ADOPTED BY THE BOARD OF DIRECTORS OF SUNGARD AT A MEETING DULY HELD ON DECEMBER 14, 2004. 
  

	
	
	 

  

 13SunGard Data Systems Inc. 1996 Equity Incentive Plan

  
 Exhibit 10.7

  
 SUNGARD DATA SYSTEMS INC. 
  
 1996 EQUITY INCENTIVE PLAN

 amended and restated as of December 14, 2004 
  

	1.	Purpose 

  
 The purpose of the SunGard Data Systems Inc. 1996 Equity Incentive Plan (the “Plan”) is to promote the long-term retention of key employees of
SunGard Data Systems Inc., (“SunGard”) and its current and future subsidiaries (collectively, the “Company”) who are in a position to make significant contributions to the success of the Company, to further reward these employees
for their contributions to the Company’s success, to provide additional incentive to these employees to continue to make similar contributions in the future, and to further align the interests of these employees with those of SunGard’s
stockholders. These purposes will be achieved by granting to such employees, in accordance with the provisions of this Plan, Options, Restricted Stock or Unrestricted Stock Awards or Performance Awards, for shares of SunGard’s common stock,
$0.01 par value per share (“Common Stock”), or Loans or Supplemental Grants, or combinations thereof (“Awards”). 
  

	2.	Aggregate Number of Shares 

  
 2.1 The aggregate number of shares of Common Stock for which Awards may be granted under the Plan will be 1,750,000 shares, with an individual limit of
200,000 shares per Participant (as defined in Section 3.1 below) per year. Notwithstanding the foregoing, if there is any change in the capitalization of SunGard, such as by stock dividend, stock split, combination of shares, exchange of securities,
recapitalization or other event which the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of SunGard deems, in its sole discretion, to be similar circumstances, the aggregate number and/or kind of
shares for which Awards may be granted under the Plan shall be appropriately adjusted in a manner determined by the Committee. No fractional shares of Common Stock will be delivered under the Plan. 
  
 2.2 Treasury shares, reacquired shares and unissued shares of Common Stock
may be used for purposes of the Plan, at SunGard’s sole discretion. 
  
 2.3 Shares of Common Stock that were issuable pursuant to an Award that has terminated but with respect to which such Award had not been exercised, shares of Common Stock that are issued pursuant to an Award but that
are subsequently forfeited, and shares of Common Stock that were issuable pursuant to an Award that was payable in Common Stock or cash but that was satisfied in cash, shall be available for future Awards under the Plan. 
  

	3.	Eligible Employees and Participants 

  
 3.1 All current and future key employees of the Company, including officers and directors who are employed by the Company (“Employees”), shall
be eligible to receive Awards under the Plan. Neither members of the Committee nor any other directors who are not Employees shall be eligible to receive Awards. No eligible Employee (a “Participant”) shall have any right to receive an
Award except as expressly provided in the Plan. 
  

 3.2 The Participants who shall actually receive Awards under the Plan shall be determined by the
Committee in its sole discretion. In making such determinations, the Committee shall consider the positions and responsibilities of eligible employees, their past performance and contributions to the Company’s growth and expansion, the value of
their services to the Company, the difficulty of finding qualified replacements, and such other factors as the Committee deems pertinent in its sole discretion. 
  

	4.	Administration 

  
 4.1 The Plan shall be administered by the Committee. Each member of the Committee shall be a “disinterested person” within the meaning of Rule
16b-3 under the Securities Exchange Act of 1934, as amended (the “1934 Act”). The Committee may delegate all or any portion of its authority hereunder to a subcommittee consisting of at least two Committee members. In addition to its other
authority and subject to the provisions of the Plan, the Committee shall have the authority to determine, in its sole discretion, the Participants who shall be eligible to receive Awards, the Participants who shall actually receive Awards, the size
of each Award, including the number of shares of Common Stock subject to the Award, the type or types of each Award, the date on which each Award shall be granted, the terms and conditions of each Award, whether to waive compliance by a Participant
with any obligations to be performed by the Participant under an Award or waive any term or condition of an Award, whether to amend or cancel an existing Award in whole or in part (except that the Committee may not, without the consent of the holder
of an Award or unless specifically authorized by the terms of an Award, take any action under this clause with respect to such Award if such action would adversely affect the rights of such holder), and the form or forms of instruments that are
required or deemed appropriate under the Plan, including any written notices and elections required of Participants. 
  
 4.2 The Committee may adopt such rules for the administration of the Plan as it deems necessary or advisable, in its sole discretion. For all purposes of
the Plan, a majority of the members of the Committee shall constitute a quorum, and the vote or written consent of a majority of the members of the Committee on a particular matter shall constitute the act of the Committee on that matter. The
Committee shall have the exclusive right to construe the Plan and any Award, to settle all controversies regarding the Plan or any Award, to correct defects and omissions in the Plan and in any Award, and to take such further actions as the
Committee deems necessary or advisable, in its sole discretion, to carry out the purpose and intent of the Plan. Such actions shall be final, binding and conclusive upon all parties concerned. 
  
 4.3 No member of the Committee or the Board shall be liable for any act or
omission (whether or not negligent) taken or omitted in good faith, or for the good faith exercise of any authority or discretion granted in the Plan to the Committee or the Board, or for any act or omission of any other member of the Committee or
the Board. 
  
 4.4 All costs incurred in connection with the
administration and operation of the Plan shall be paid by the Company. Except for the express obligations of the Company under the Plan and under Awards granted in accordance with the provisions of the Plan, the Company shall have no liability with
respect to any Award, or to any Participant or any transferee of shares of Common Stock from any Participant, including, but not limited to, any tax liabilities, capital losses, or other costs or losses incurred by any Participant or any such
transferee. 
  

 2 

	5.	Types of Awards 

  
 5.1 Options. 
  
 (a) An Option is an Award entitling the recipient on exercise thereof to purchase Common Stock at a specified exercise price. Both
“incentive stock options,” as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) (any Option intended to qualify as an incentive stock option being hereinafter referred to as an “ISO”),
and Options that are not incentive stock options (“non-ISO”), may be granted under the Plan. 
  
 (b) The exercise price of an Option will be determined by the Committee subject to the following: 
  
 (1) The exercise price of an ISO shall not be less than 100%
(110% in the case of an ISO granted to a ten percent shareholder) of the fair market value (as defined in Section 11.9) of the Common Stock subject to the ISO, determined as of the time the ISO is granted. A “ten-percent shareholder” is
any person who at the time of grant owns, directly or indirectly, or is deemed to own by reason of the attribution rules of Section 424(d) of the Code, stock possessing more than 10% of the total combined voting power of all classes of stock of
SunGard or of any of its subsidiaries. 
  
 (2)
The exercise price of a non-ISO shall not be less than 100% of the fair market value of the Common Stock subject to the non-ISO, determined as of the time the non-ISO is granted, except that: 
  
 (A) the exercise price of a non-ISO may be equal to or
greater than 85% of the fair market value of the Common Stock subject to the non-ISO, if the discount is granted in lieu of a reasonable amount of cash compensation; or 
  
 (B) the exercise price of a non-ISO granted pursuant to a Performance Award may be (i) 100% of the fair
market value of the Common Stock subject to the non-ISO, determined either as of the time the Performance Award is granted or as of the time the non-ISO is granted pursuant to the Performance Award; or (ii) an amount less than such fair market value
if the discount is granted in lieu of a reasonable amount of cash compensation as consideration for exceeding the goal(s) set forth in the Performance Award. 
  

(3) In no case may the exercise price paid for Common Stock which is part of an original issue of authorized Common Stock be less than
the par value per share of the Common Stock. 
  
 (c) The period during which an Option may be exercised will be determined by the Committee, except that the period during which an ISO may be exercised will not exceed ten years (five years, in the case of an ISO granted to a ten-percent
shareholder) from the day immediately preceding the date the Option was granted. 
  
 (d) An Option will become exercisable at such time or times, and on such terms and conditions, as the Committee may determine. The
Committee may at any time accelerate the time at which all or any part of the Option may be exercised. Any exercise of an Option must be in writing, signed by the proper person and delivered or mailed to the Company, accompanied by (1) any documents
required by the Committee and (2) payment in full in accordance with Section 5.1(e) below for the number of shares for which the Option is exercised. 
  

 3 

 (e) Stock purchased on exercise of an Option must be paid for as follows: (1) in cash or
by check (acceptable to SunGard in accordance with guidelines established for this purpose), bank draft or money order payable to the order of SunGard or (2) if so permitted by the instrument evidencing the Option (or in the case of an Option which
is not an ISO, by the Committee at or after grant of the Option), (i) through the delivery of shares of Common Stock which have been outstanding for at least six months (unless the Committee expressly approves a shorter period) and which have a fair
market value on the last business day preceding the date of exercise equal to the exercise price, or (ii) by delivery of a promissory note of the Option holder to SunGard, payable on such terms and conditions as the Committee may determine, or (iii)
by delivery of an unconditional and irrevocable undertaking by a broker to deliver promptly to SunGard sufficient funds to pay the exercise price, or (iv) by any combination of the permissible forms of payment; provided, that if the Common Stock
delivered upon exercise of the Option is an original issue of authorized Common Stock, at least so much of the exercise price as represents the par value of such Common Stock must be paid other than by the Option holder’s promissory note.

  
 (f) If the market price of shares of Common
Stock subject to an Option exceeds the exercise price of the Option at the time of its exercise, the Committee may cancel the Option and cause SunGard to pay in cash or in shares of Common Stock (at a price per share equal to the fair market value
per share) to the person exercising the Option an amount equal to the difference between the fair market value of the Common Stock which would have been purchased pursuant to the exercise (determined on the date the Option is canceled) and the
aggregate exercise price which would have been paid. The Committee may exercise its discretion to take such action only if it has received a written request from the person exercising the Option, but such a request will not be binding on the
Committee. 
  
 5.2 Restricted and Unrestricted Stock.

  
 (a) A Restricted Stock Award entitles the
recipient to acquire, for a purchase price not less than the par value, shares of Common Stock subject to the restrictions described in Section 5.2(d) below (“Restricted Stock”). 
  
 (b) A Participant who is granted a Restricted Stock Award
shall have no rights with respect to such Award unless the Participant accepts the Award by written instrument delivered or mailed to SunGard accompanied by payment in full of the specified purchase price, if any, of the shares covered by the Award.
Payment may be by certified or bank check or other instrument acceptable to the Committee. 
  
 (c) A Participant who receives Restricted Stock shall have all the rights of a stockholder with respect to such stock, including voting
and dividend rights, subject to the restrictions described in paragraph (d) below and any other conditions imposed by the Committee at the time of grant. Unless the Committee otherwise determines, certificates evidencing shares of Restricted Stock
will remain in the possession of the Company until such shares are free of all restrictions under the Plan. 
  
 (d) Except as otherwise specifically provided by the Plan or the Award, Restricted Stock may not be sold, assigned, exchanged, pledged,
gifted or otherwise disposed of, or transferred, and if a Participant suffers a Status Change (as defined in Section 6.1 below) for any reason, must be offered to SunGard for purchase for the amount of cash paid for the such stock, or forfeited to
the Company if no cash was paid. These restrictions will lapse and the shares will become unrestricted (“Unrestricted Stock”) at such time or times, and on such terms and conditions, as the Committee may determine; provided, however, that
these restrictions will apply ratably for a minimum period of three years, unless the Restricted Stock is subject to a Performance Award, in which case these restrictions will apply for a minimum period of one 

  

 4 

 
year. The Committee may at any time accelerate the time at which the restrictions on all or any part of the shares will lapse. 
  
 (e) Any Participant making, or required by an Award to make,
an election under Section 83(b) of the Code with respect to Restricted Stock shall deliver to SunGard, within 10 days of the filing of such election with the Internal Revenue Service, a copy of such election. 
  
 (f) The Committee may, at the time any Award described in
this Section 5 is granted, provide that any or all the Common Stock delivered pursuant to the Award will be Restricted Stock. 
  
 (g) The Committee may, in its sole discretion, approve the sale to any Participant of shares of Common Stock free of restrictions under
the Plan for a price which is not less than the par value of the Common Stock, provided that the value of such Award, which equals the difference between the price and the fair market value of such shares on the date of grant, is in lieu of a
reasonable amount of cash compensation. 
  
 5.3 Performance
Awards. A Performance Award entitles the recipient to receive, without payment, an Award or Awards described in this Section 5 following the attainment of such performance goals, during such measurement period or periods, and on such other terms
and conditions, all as the Committee may determine. Performance goals may be related to overall corporate performance, operating group or business unit performance, personal performance or such other category of performance as the Committee may
determine. Financial performance may be measured by revenue, operating income, net income, earnings per share, number of days sales outstanding in accounts receivable, productivity, return on equity, common stock price, price-earnings multiple, or
such other financial factors as the Committee may determine. 
  
 5.4 Loans and Supplemental Grants. 
  
 (a) The Company may make a loan to a Participant (“Loan”), either in connection with the purchase of Common Stock under the Award or the payment of any Federal, state and local income tax with respect to income recognized as a
result of the Award. The Committee shall have the authority, in its sole discretion, to determine whether to make a Loan, the amount, terms and conditions of the Loan, including the interest rate (which may be zero), whether the Loan is to be
secured or unsecured or with or without recourse against the borrower, the terms on which the Loan is to be repaid and the terms and conditions, if any, under which the Loan may be forgiven. In no event shall any Loan have a term (including
extensions) in excess of ten years. 
  
 (b) In
connection with any Award, the Committee may grant a cash award to the Participant (“Supplemental Grant”) not to exceed an amount equal to (1) the amount of any Federal, state and local income tax on ordinary income for which the
Participant may be liable with respect to the Award, determined by assuming taxation at the highest marginal rate, plus (2) an additional amount on a grossed-up basis intended to make the Participant whole on an after-tax basis after discharging all
the Participant’s income tax liabilities arising from all payments under this Section 5. Any payments under this Section 5(b) shall be made at the time the Participant incurs Federal income tax liability with respect to the Award. 

 

	6.	Events Affecting Outstanding Awards. 

  
 6.1 Status Change Due to Death or Disability. If by reason of death or permanent disability (as determined by the Committee) a Participant
experiences a Status Change (a “Status Change” occurs 

  

 5 

 
when a Participant is both not an Employee and not a Director), the following rules shall apply, unless otherwise determined by the Committee: 
  
 (a) All Options held by the Participant at the time of such
Status Change, to the extent then exercisable, will continue to be exercisable by the Participant’s heirs, executor, administrator or other legal representative, for a period of one year after the Participant’s Status Change. After the
expiration of such one-year period, all such Options shall terminate. In no event, however, shall an Option remain exercisable beyond the latest date on which it could have been exercised without regard to this Section 6. All Options held by a
Participant at the time of such Status Change that are not then exercisable shall terminate upon such Status Change. 
  
 (b) All Restricted Stock held by the Participant at the time of such Status Change shall immediately become free of all restrictions and
conditions. 
  
 (c) Any payment or benefit under
a Performance Award or Supplemental Grant to which the Participant was not irrevocably entitled at the time of such Status Change shall be forfeited and the Award canceled as of the time of such Status Change. 
  
 6.2 Status Change Not Due to Death or Disability. If a Participant
experiences a Status Change other than by reason of death or permanent disability (as determined by the Committee), the following rules shall apply, unless otherwise determined by the Committee at the time of grant of an Award: 
  
 (a) All Options held by the Participant at the time of such
Status Change, to the extent then exercisable, will continue to be exercisable by the Participant for a period of three months after the Participant’s Status Change, provided that no Option shall terminate earlier than three months after the
date the Option first becomes exercisable. After the expiration of such period, such Options shall terminate. In no event, however, shall an Option remain exercisable beyond the latest date on which it could have been exercised without regard to
this Section 6. All Options held by a Participant at the time of such Status Change that are not then exercisable shall terminate upon such Status Change. 
  
 (b) All Restricted Stock held by the Participant at the time of such Status Change shall immediately become free of all restrictions and
conditions, unless such Status Change results from a voluntary resignation or termination for Cause (as defined in Section 6.2(d)), in which event all Restricted Stock held by the Participant at the time of the Status Change shall be transferred to
the Company (and, in the event the certificates representing such Restricted Stock are held by the Company, such Restricted Stock shall be so transferred without any further action by the Participant) in accordance with Section 5.2 above.

  
 (c) Any payment or benefit under a
Performance Award or Supplemental Grant to which the Participant was not irrevocably entitled at the time of such Status Change shall be forfeited and the Award canceled as of the date of such Status Change. 
  
 (d) In the case of a Participant who is an Officer or
Director, a Status Change made by the Company shall be for “Cause” only if the events described in the following subsections (1) through (3) shall have occurred, provided that no act or failure to act by such Participant shall be deemed to
constitute Cause if done, or omitted to be done, in good faith and with the reasonable belief that the action or omission was in the best interests of the Company: 
  
 (1) at least seventy-five percent (75%) of the members of the Board determined in good faith that such
Participant (A) was guilty of gross negligence or willful misconduct in 

  

 6 

 
the performance of his or her duties for the Company (other than due to illness or injury suffered by the Executive or a member of his or her family, or
comparable personal problem), or (B) breached or violated, in a material respect, any agreement between such Participant and the Company or any material policy in the Company’s Business Conduct and Compliance Program (as amended from time to
time), or (C) committed an act of dishonesty or breach of trust, or is convicted of a crime, and the result of such dishonesty, breach of trust, conviction or crime is that there is material or potentially material financial or reputational harm to
the Company; and 
  
 (2) such determination was
made at a duly convened meeting of the Board (A) of which such Participant received written notice at least ten (10) days in advance, which notice shall have set forth in reasonable detail the facts and circumstances claimed to provide a basis for a
finding that one of the events described in subsection (1) above occurred, and (B) at which such Participant had a reasonable opportunity to make a statement and answer the allegations against him or her; and 
  
 (3) either (A) such Participant was given a reasonable
opportunity to take remedial action but failed or refused to do so, or (B) at least seventy-five percent (75%) of the members of the Board also determined in good faith, at such meeting, that an opportunity to take remedial action would not have
been meaningful under the circumstances. 
  
 (e)
For all purposes of this Section 6 (but subject to Section 6.4 below): (1) if a Participant is an Employee (and not also a Director) of a subsidiary of SunGard and such subsidiary ceases to be a subsidiary of SunGard, then the Participant will be
deemed to have experienced a Status Change made by the Company other than for Cause; (2) a Participant will not be deemed to have experienced a Status Change if the Participant is transferred from SunGard to a subsidiary of SunGard, or vice versa,
or from one subsidiary of SunGard to another; and (3) if a Participant who is an Employee, but not also a Director, terminates his or her employment with the Company following a reduction in his or her rate of compensation, then the
Participant’s Status Change will be deemed to have been made by the Company other than for Cause. 
  
 6.3 Change in Control. 
  
 (a) In the event of a Change in Control (as defined in Section 6.3(b)), the following rules will apply, unless and to the extent otherwise
expressly provided (1) by the Committee at the time of the grant of an Award, as set forth in the instrument evidencing the Award, or (2) in a written agreement between the Company and an individual Participant: 
  
 (1) Each outstanding Option shall automatically become
exercisable in full six months after the occurrence of such Change in Control or, if sooner, upon a termination by the Company of the Participant’s employment with or service to the Company for any reason other than for Cause (as defined in
Section 6.2(d)). This provision shall not prevent an Option from becoming exercisable sooner as to Common Stock or cash that would otherwise have become available under such Option during such period. 
  
 (2) Each outstanding share of Restricted Stock shall
automatically become free of all restrictions and conditions six months after the occurrence of such Change in Control or, if sooner, upon a termination by the Company of the Participant’s employment with or service to the Company for any
reason other than for Cause (as defined in Section 6.2(d)). This provision shall not prevent the earlier lapse of any restrictions or conditions on Restricted Stock that would otherwise have lapsed during such period. 
  

 7 

 (3) Conditions on Performance Awards and Supplemental Grants which relate only to the
passage of time and continued employment shall automatically terminate six months after the occurrence of such Change in Control or, if sooner, upon a termination by the Company of the Participant’s employment with or service to the Company for
any reason other than for Cause (as defined in Section 6.2(d)). This provision shall not prevent the earlier lapse of any conditions relating to the passage of time and continued employment that would otherwise have lapsed during such period.
Performance or other conditions (other than conditions relating only to the passage of time and continued employment) shall continue to apply unless otherwise provided in the instrument evidencing the Awards or in any other agreement between the
Participant and the Company or unless otherwise agreed to by the Committee. 
  
 (b) A “Change in Control” means any of the events described in the following subsections (1) through (6): 
  
 (1) The occurrence of any event that would, if known to SunGard’s management, be required to be reported by SunGard under Item
5.01(a) of Form 8-K pursuant to the Securities Exchange Act of 1934 (the “Exchange Act”); or 
  
 (2) The acquisition or receipt, in any manner, by any person (as defined for purposes of the Exchange Act) or any group of persons acting
in concert, of direct or indirect beneficial ownership (as defined for purposes of the Exchange Act) of twenty percent (20%) or more of the combined voting securities ordinarily having the right to vote for the election of directors of SunGard;
provided that the following shall not constitute a Change in Control: (i) any acquisition directly from SunGard; (ii) any acquisition by SunGard or any of its affiliates, or (iii) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by SunGard or any of its affiliates; or 
  
 (3) A change in the constituency of the Board with the result that individuals (the “Incumbent Directors”) who are members of the Board as of the Effective Date cease for any reason to constitute at least a
majority of the Board; provided that any individual who is elected to the Board after the Effective Date and whose nomination for election was unanimously approved by the Incumbent Directors shall be considered an Incumbent Director beginning on the
date of his or her election to the Board; or 
  
 (4) Consummation of a merger, consolidation or reorganization involving the Company, unless such merger, consolidation or reorganization results in the voting securities of SunGard outstanding immediately prior thereto continuing to
represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or parent thereof) more than fifty percent (50%) of the total voting power represented by the voting securities of SunGard or such
surviving entity or parent thereof outstanding immediately after such merger, consolidation or reorganization; or 
  
 (5) A complete liquidation or dissolution of SunGard; or 
  
 (6) A sale, exchange or other disposition or transfer of all or substantially all of SunGard’s business
or assets, other than pursuant to a spin-off or comparable transaction in which the transferee is controlled by SunGard or its existing stockholders immediately prior to such transfer (a “Spin-off”). 
  

 8 

 6.4 Spin-off. For all purposes of this Section 6, if a Spin-off (as defined in Section 6.3(b)(6))
is completed, then: 
  
 (a) A Participant will
not be deemed to have experienced a Status Change if the Participant (“Spun-off Participant”) is, or becomes within two years after completion of the Spin-off, an employee or director of the public parent entity that results from the
Spin-off (the “Spun-off Parent”) or any parent or subsidiary of the Spun-off Parent (collectively, the “Spun-off Company”). 
  
 (b) If a Spun-off Participant ceases to be an employee or director of the Spun-off Company as a result of death or permanent disability
(as determined by the Committee), then the provisions of Section 6.1 shall apply at that time. 
  
 (c) If a Spun-off Participant ceases to be an employee or director of the Spun-off Company other than by reason of death or permanent
disability (as determined by the Committee), then the provisions of Section 6.2 shall apply at that time unless Section 6.4(e) is applicable. 
  
 (d) If a Spun-off Participant is an employee of a subsidiary of the Spun-off Parent and such subsidiary ceases to be a subsidiary of the
Spun-off Parent, then the Spun-off Participant will be deemed to have experienced a Status Change made by the Company other than for Cause unless Section 6.4(e) is applicable. 
  
 (e) A Spun-off Participant will not be deemed to have experienced a Status Change if the Spun-off
Participant is transferred (i) from the Spun-off Company to the Company (which transfer could occur by means of the transfer of a subsidiary of the Spun-off Company to the Company) within two years after completion of the Spin-off, in which case
such Participant shall no longer be considered a Spun-off Participant, (ii) from the Spun-off Company to a subsidiary of the Spun-off Company, or vice versa, or (iii) from one subsidiary of the Spun-off Company to another. 
  
 (f) If a Spun-off Participant terminates his or her
employment with the Spun-off Company following a reduction in his or her rate of compensation, then the Spun-off Participant’s Status Change will be deemed to have been made by the Spun-off Company without Cause. 
  
 (g) With respect to Spun-off Participants, (1) references in
Section 6.2(d) to “the Company” shall instead refer to the Spun-off Company, and (2) references in Section 6.3 to “a termination by the Company of the Participant’s employment with or service to the Company” shall instead
refer to a termination by the Spun-off Company of the Spun-off Participant’s employment with or service to the Spun-off Company. 
  

	7.	Grant and Acceptance of Awards 

  
 7.1 The Committee’s approval of a grant of an Award under the Plan, including the names of Participants and the size of the Award, including the
number of shares of Common Stock subject to the Award, shall be reflected in minutes of meetings held by the Committee or the Board or in written consents signed by members of the Committee or the Board. Once approved by the Committee, each Award
shall be evidenced by such written instrument, containing such terms as are required by the Plan and such other terms, consistent with the provisions of the Plan, as may be approved from time to time by the Committee. 
  
 7.2 Each instrument may be in the form of agreements to be executed by both
the Participant and the Company, or certificates, letters or similar instruments, which need not be executed by the Participant but acceptance of which shall evidence agreement to the terms thereof. The receipt of an Award shall not impose any
obligation on the Participant to accept the Award. 
  

 9 

 7.3 Except as specifically provided by the Plan or the instrument evidencing an Award, a Participant
shall not become a stockholder of SunGard until (i) the Participant makes any required payments in respect of the Common Stock issued or issuable pursuant to the Award, (ii) the Participant furnishes SunGard with any required agreements,
certificates, letters or other instruments, and (iii) the Participant actually receives the shares of Common Stock. Subject to any terms and conditions imposed by the Plan or the instrument evidencing an Award, upon the occurrence of all of the
conditions set forth in the immediately preceding sentence, a Participant shall have all rights of a stockholder with respect to shares of Common Stock, including, but not limited to, the right to vote such shares and to receive dividends and other
distributions paid with respect to such shares. The Committee may, upon such conditions as it deems appropriate, provide that a Participant will receive a benefit in lieu of cash dividends that would have been payable on any and all Common Stock
subject to the Participant’s Award, had such Common Stock been outstanding. Without limitation, the Committee may provide for payment to the Participant of amounts representing such dividends, either currently or in the future, or for the
investment of such amounts on behalf of the Participant. 
  
 7.4
Notwithstanding any other provision of the Plan, the Company shall not be obligated to deliver any shares of Common Stock pursuant to the Plan or to remove any restriction from shares of Common Stock previously delivered under the Plan (a) until all
conditions to the Award have been satisfied or removed, (b) until, in the opinion of SunGard’s General Counsel, all applicable Federal and state laws and regulations have been complied with, (c) if the outstanding Common Stock is at the time
listed on any stock exchange or included for quotation on an inter-dealer system, until the shares to be delivered have been listed or included or authorized to be listed or included on such exchange or system upon official notice of notice of
issuance, (d) if it might cause SunGard to issue or sell more shares of Common Stock than SunGard is then legally entitled to issue or sell, and (e) until all other legal matters in connection with the issuance and delivery of such shares have been
approved by SunGard’s General Counsel. If the sale of Common Stock has not been registered under the Securities Act of 1933, as amended, the Company may require, as a condition to exercise of an Award, such representations or agreements as
SunGard’s General Counsel may consider appropriate to avoid violation of such Act and may require that the certificates evidencing such Common Stock bear an appropriate legend restricting transfer. If an Award is exercised by the
Participant’s legal representative, the Company shall be under no obligation to deliver Common Stock pursuant to such exercise until the Company is satisfied as to the authority of such representative. 
  

	8.	Tax Withholding 

  
 The Company shall withhold from any cash payment made pursuant to an Award an amount sufficient to satisfy all Federal, state and local withholding tax
requirements (the “withholding requirements”). In the case of an Award pursuant to which Common Stock may be delivered, the Committee shall have the right to require that the Participant or other appropriate person remit to the Company an
amount sufficient to satisfy the withholding requirements, or make other arrangements satisfactory to the Committee with regard to such requirements, prior to the delivery of any Common Stock. If and to the extent that such withholding is required,
the Committee may permit a Participant to elect at such time and in such manner as the Committee may determine to have the Company hold back from the shares of Common Stock to be delivered, or to deliver to the Company, Common Stock having a value
calculated to satisfy the withholding requirement. If at the time an ISO is exercised, the Committee determines that the Company could be liable for withholding requirements with respect to a disposition of the Common Stock received upon exercise,
the Committee may require as a condition of exercise that the person exercising the ISO agree (a) to inform the Company promptly of any disposition (within the meaning of Section 424(c) of the Code) of Common Stock received upon exercise, and (b) to
give such security as the Committee deems adequate to meet the potential liability of the Company for the withholding 

  

 10 

 
requirements and to augment such security from time to time in any amount reasonably deemed necessary by the Committee to preserve the adequacy of such
security. 
  

	9.	Stockholder Approval, Effective Date and Term of Plan 

  
 The Plan was adopted by the Board on February 12, 1996, subject to the approval of SunGard’s stockholders. The Plan shall be submitted to
SunGard’s stockholders for approval at SunGard’s 1996 annual meeting of stockholders. If such approval is not obtained at such meeting (or at any subsequent meeting at which such approval is sought), then, at the discretion of the Board,
this Plan may be re-submitted to SunGard’s stockholders for approval at any subsequent annual meeting of stockholders or at any special meeting of stockholders (including a special meeting that may be called solely for that purpose). The Plan
shall not become effective unless and until it is approved by the affirmative vote of the holders of a majority of the outstanding shares of SunGard’s Common Stock represented and entitled to vote at a duly convened meeting of SunGard’s
stockholders. If this Plan is so approved by SunGard’s stockholders, then the date of such approval shall be the effective date of this Plan (“Effective Date”). No Award shall be granted more than ten years after the Effective Date.

  

	10.	Effect, Amendment, Suspension and Termination 

  
 Neither adoption of the Plan nor the grant of Awards to a Participant will affect the Company’s right to grant to such Participant awards that are
not subject to the Plan, to issue to such Participant Common Stock as a bonus or otherwise, or to adopt other plans or arrangements under which Common Stock may be issued to Employees or other persons or entities. The Board reserves the right, at
any time and from time to time, to amend the Plan in any way, or to suspend or terminate the Plan, effective as of the date specified by the Board when it takes such action, which date may be before or after the date the Board takes such action;
provided that any such action may not adversely affect any Award granted before the actual date on which such action is taken by the Board without the consent of the relevant Participant; and further provided that the approval of SunGard’s
stockholders shall be required whenever necessary for the Plan to continue to satisfy the conditions of Rule 16b-3 under the 1934 Act, Section 422 of the Code with respect to the award of ISOs (unless the Board determines that ISOs shall no longer
be granted under the Plan), any bylaw, rule or regulation of the primary market system or stock exchange on which SunGard’s Common Stock is then listed or admitted to trading, or any other applicable law, rule or regulation. 
  

	11.	Other Provisions 

  
 11.1 Nothing contained in the Plan or any Award shall confer upon any Employee or other Participant the right to continue in the employ of, or to continue
to provide service to, the Company or any affiliated corporation, or interfere in any way with the right of the Company or any affiliated corporation to terminate the employment or service of any Employee or other Participant for any reason.

  
 11.2 Corporate action constituting an offer by SunGard of
Common Stock to any Participant under the terms of an Award shall be deemed completed as of the date of grant of the Award, regardless of when the instrument, certificate, or letter evidencing the Award is actually received or accepted by the
Participant. 
  
 11.3 None of a Participant’s rights under
any Award or under the Plan may be assigned or transferred in any manner other than by will or under the laws of descent and distribution. The foregoing shall not, however, restrict a Participant’s rights with respect to Unrestricted Stock or
the outright transfer of cash, nor shall it restrict the ability of a Participant’s heirs, estate, beneficiaries, or personal or legal 

  

 11 

 
representatives to enforce the terms of the Plan with respect to Awards granted to the Participant. 
  
 11.4 The Plan, and all Awards granted hereunder, shall be governed by and
construed in accordance with the laws of the Commonwealth of Pennsylvania. The headings of the Sections of the Plan are for convenience of reference only and shall not affect the interpretation of the Plan. All pronouns and similar references in the
Plan shall be construed to be of such number and gender as the context requires or permits. If any provision of the Plan is determined to be unenforceable for any reason, then that provision shall be deemed to have been deleted or modified to the
extent necessary to make it enforceable, and the remaining provisions of the Plan shall be affected. 
  
 11.5 All notices with respect to the Plan shall be in writing and shall be hand delivered or sent by certified mail or reputable overnight delivery
service, expenses prepaid. Notices to the Company or the Committee shall be delivered or sent to SunGard’s headquarters to the attention of its General Counsel. Notices to any Participant or holder of shares of Common Stock issued pursuant to
an Award shall be sufficient if delivered or sent to such person’s address as it appears in the regular records of the Company or SunGard’s transfer agent. 
  
 11.6 If there is any change in the capitalization of SunGard, such as by stock dividend, stock split, combination of shares,
exchange of securities, recapitalization or other event which the Committee deems, in its sole discretion, to be similar circumstances, the Committee may make such adjustments to the number and/or kind of shares of stock or securities subject to
Awards then outstanding or subsequently granted, any exercise prices relating to such Awards and any other provision of such Awards affected by such change, as the Committee may determine in its sole discretion. The Committee may also make such
adjustments to take into account material changes in law or in accounting practices or principles, mergers, consolidations, acquisitions, dispositions or similar corporate transactions, or any other event, as the Committee may determine in its sole
discretion. 
  
 11.7 The Committee may agree at any time, upon
request of a Participant, to defer the date on which any payment under an Award shall be made. 
  
 11.8 In any case that a Participant purchases Common Stock under an Award for a price equal to the par value of the Common Stock, the Committee may determine, in its sole discretion, that such price has been satisfied
by past services rendered by the Participant. 
  
 11.9 For the
purposes of the Plan and any Award granted hereunder, unless otherwise determined by the Committee, the term “fair market value” of Common Stock on or as of a specified date shall mean either (i) in the case of an Option not granted under
a Performance Award, the last sale price (as defined below in this Section) for one share of Common Stock on the last trading day on or before the specified date, or, if the foregoing does not apply, the market value determined by the Committee; or
(ii) in the case of an Option granted under a Performance Award, the average of the last sale prices during the first ten trading days beginning on or after the specified date, or the average of the last sale prices during such other period of time
beginning on or after the specified date as is determined by the Committee, or, if the foregoing does not apply, the market value determined by the Committee. “Last sale price” means the last sale price reported on The Nasdaq Stock Market
or on such other primary market system or stock exchange on which SunGard’s Common Stock is then listed or admitted to trading. 
  
 THE UNDERSIGNED CERTIFIES THAT THE AMENDMENT AND RESTATEMENT OF THIS PLAN WAS DULY ADOPTED BY THE BOARD OF DIRECTORS OF SUNGARD AT A MEETING DULY HELD ON DECEMBER 14,
2004. 
  

	
	
	 

  

 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]