Document:

exv10w8

Exhibit 10.8

Lender Processing Services, Inc.

Deferred Compensation Plan

Amended And Restated, Effective July 1, 2008

 

 

Lender Processing Services, Inc. Deferred Compensation Plan

	 	 	 	 	 
	Article I
	 	 	 	 
	Establishment and Purpose
	 	 	1	 
	 
	 	 	 	 
	Article II 
	 	 	 	 
	Definitions
	 	 	1	 
	 
	 	 	 	 
	Article III
	 	 	 	 
	Eligibility and Participation
	 	 	7	 
	 
	 	 	 	 
	Article IV
	 	 	 	 
	Deferrals
	 	 	8	 
	 
	 	 	 	 
	Article V
	 	 	 	 
	Company Contributions
	 	 	10	 
	 
	 	 	 	 
	Article VI
	 	 	 	 
	Benefits
	 	 	11	 
	 
	 	 	 	 
	Article VII
	 	 	 	 
	Modifications to Payment Schedules
	 	 	15	 
	 
	 	 	 	 
	Article VIII
	 	 	 	 
	Valuation of Account Balances; Investments
	 	 	15	 
	 
	 	 	 	 
	Article IX
	 	 	 	 
	Administration
	 	 	16	 
	 
	 	 	 	 
	Article X
	 	 	 	 
	Amendment and Termination
	 	 	18	 
	 
	 	 	 	 
	Article XI
	 	 	 	 
	Informal Funding
	 	 	19	 
	 
	 	 	 	 
	Article XII
	 	 	 	 
	Claims
	 	 	19	 
	 
	 	 	 	 
	Article XIII
	 	 	 	 
	General Provisions
	 	 	24	 

 

 

Lender Processing Services, Inc. Deferred Compensation Plan

Article I

Establishment and Purpose

Lender Processing Services, Inc. (the “Company”) hereby adopts the Lender Processing Services, Inc.
Deferred Compensation Plan (the “Plan”), effective July 1, 2008. The Plan is a continuation of the
portion of the Fidelity National Information Services, Inc. Deferred Compensation Plan applicable
to employees of the Company (“FNIS Plan”), and also constitutes a restatement of the FNIS Plan with
respect to amounts deferred by such employees on or after January 1, 2005, and to amounts deferred
prior to January 1, 2005 that were not vested as of December 31, 2004. Amounts deferred under the
FNIS Plan prior to January 1, 2005 that were vested as of December 31, 2004 (the “Grandfathered
Accounts”) shall be subject to the provisions of the FNIS Plan as in effect on October 3, 2004, as
the same may be amended from time to time without material modification, it being expressly
intended that such Grandfathered Accounts are to remain exempt from the requirements of Code
Section 409A. The provisions of the Plan applicable to Grandfathered Accounts are reflected in this
document for ease of reference.

The purpose of the Plan is to attract and retain key employees and non-Employee Directors by
providing each Participant with an opportunity to defer receipt of a portion of their salary,
bonus, Directors’ Fees and other specified compensation. The Plan is not intended to meet the
qualification requirements of Code Section 401(a), but is intended to meet the requirements of Code
Section 409A, and shall be operated and interpreted consistent with that intent.

The Plan constitutes an unsecured promise by a Participating Employer to pay benefits in the
future. Participants in the Plan shall have the status of general unsecured creditors of the
Company or the Adopting Employer, as applicable. Each Participating Employer shall be solely
responsible for payment of the benefits of its employees and their beneficiaries. The Plan is
unfunded for Federal tax purposes and is intended to be an unfunded arrangement for eligible
employees who are part of a select group of management or highly compensated employees of the
Employer within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA. Any amounts set
aside to defray the liabilities assumed by the Company or an Adopting Employer will remain the
general assets of the Company or the Adopting Employer and shall remain subject to the claims of
the Company’s or the Adopting Employer’s creditors until such amounts are distributed to the
Participants.

Article II

Definitions

	2.1	 	Account. Account means a bookkeeping account maintained by the Committee to record
the payment obligation of a Participating Employer to a Participant as determined under the
terms of the Plan. The Committee may maintain an Account to record the total obligation to a
Participant and component Accounts to reflect amounts payable at different times and in
different forms. Reference to an Account means any such Account established by the Committee,
as the context requires. Accounts are intended to constitute unfunded obligations within the
meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA.

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Lender Processing Services, Inc. Deferred Compensation Plan

	2.2	 	Account Balance. Account Balance means, with respect to any Account, the total
payment obligation owed to a Participant from such Account as of the most recent Valuation
Date.
	 
	2.3	 	Adopting Employer. Adopting Employer means an organization that, with the consent of
the Company, has adopted the Plan for the benefit of its eligible employees.
	 
	2.4	 	Affiliate. Affiliate means a corporation, trade or business that, together with the
Company, is treated as a single employer under Code Section 414(b) or (c).
	 
	2.5	 	Beneficiary. Beneficiary means a natural person, estate, or trust designated by a
Participant to receive payments to which a Beneficiary is entitled in accordance with
provisions of the Plan. The Participant’s spouse, if living, otherwise the Participant’s
estate, shall be the Beneficiary if: (i) the Participant has failed to properly designate a
Beneficiary, or (ii) all designated Beneficiaries have predeceased the Participant. If the
Participant names someone other than his or her spouse as a Beneficiary, a spousal consent, in
the form designated by the Committee, must be signed by that Participant’s spouse and returned
to the Committee.
	 
	 	 	A former spouse shall have no interest under the Plan, as Beneficiary or otherwise, unless
the Participant designates such person as a Beneficiary after dissolution of the marriage,
except to the extent provided under the terms of a domestic relations order as described in
Code Section 414(p)(1)(B).
	 
	2.6	 	Business Day. A Business Day is each day on which the New York Stock Exchange is open
for business.
	 
	2.7	 	Change in Control. Change in Control, with respect to a Participating Employer that
is organized as a corporation, occurs on the date on which any of the following events occur
(i) a change in the ownership of the Participating Employer; (ii) a change in the effective
control of the Participating Employer; (iii) a change in the ownership of a substantial
portion of the assets of the Participating Employer.
	 
	 	 	For purposes of this Section, a change in the ownership of the Participating Employer occurs
on the date on which any one person, or more than one person acting as a group, acquires
ownership of stock of the Participating Employer that, together with stock held by such
person or group constitutes more than 50% of the total fair market value or total voting
power of the stock of the Participating Employer. A change in the effective control of the
Participating Employer occurs on the date on which either (i) a person, or more than one
person acting as a group, acquires ownership of stock of the Participating Employer
possessing 30% or more of the total voting power of the stock of the Participating Employer,
taking into account all such stock acquired during the 12-month period ending on the date of
the most recent acquisition, or (ii) a majority of the members of the Participating
Employer’s Board of Directors is replaced during any 12-month period by directors whose
appointment or election is not endorsed by a majority of the

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	 	 	members of such Board of Directors prior to the date of the appointment or election, but
only if no other corporation is a majority shareholder of the Participating Employer . A
change in the ownership of a substantial portion of assets occurs on the date on which any
one person, or more than one person acting as a group, other than a person or group of
persons that is related to the Participating Employer, acquires assets from the
Participating Employer that have a total gross fair market value equal to or more than 40%
of the total gross fair market value of all of the assets of the Participating Employer
immediately prior to such acquisition or acquisitions, taking into account all such assets
acquired during the 12-month period ending on the date of the most recent acquisition.

	 	 	An event constitutes a Change in Control with respect to a Participant only if the
Participant performs services for the Participating Employer that has experienced the Change
in Control, or the Participant’s relationship to the affected Participating Employer
otherwise satisfies the requirements of Treasury Regulation Section 1.409A-3(i)(5)(ii).
	 
	 	 	The determination as to the occurrence of a Change in Control shall be based on objective
facts and in accordance with the requirements of Code Section 409A.
	 
	2.8	 	Claimant. Claimant means a Participant or Beneficiary filing a claim under Article
XII of this Plan.
	 
	2.9	 	Code. Code means the Internal Revenue Code of 1986, as amended from time to time.
	 
	2.10	 	Code Section 409A. Code Section 409A means section 409A of the Code, and regulations
and other guidance issued by the Treasury Department and Internal Revenue Service thereunder.
	 
	2.11	 	Committee. Committee means the committee appointed by the Board of Directors of the
Company (or the appropriate committee of such board) to administer the Plan. If no designation
is made, the Chief Executive Officer of the Company or his delegate shall have and exercise
the powers of the Committee.
	 
	2.12	 	Company. Company means Lender Processing Services, Inc.
	 
	2.13	 	Company Contribution. Company Contribution means a credit by a Participating Employer
to a Participant’s Account(s) in accordance with the provisions of Article V of the Plan.
Company Contributions are credited at the sole discretion of the Participating Employer and
the fact that a Company Contribution is credited in one year shall not obligate the
Participating Employer to continue to make such Company Contribution in subsequent years.
Unless the context clearly indicates otherwise, a reference to Company Contribution shall
include Earnings attributable to such contribution.
	 
	2.14	 	Compensation. Compensation means a Participant’s base salary, bonus, commission,
Directors’ Fees and such other cash or equity-based compensation (if any) approved by the
Committee as Compensation that may be deferred under this Plan. Compensation

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Lender Processing Services, Inc. Deferred Compensation Plan

	 	 	shall not include any compensation that has been previously deferred under this Plan or any
other arrangement subject to Code Section 409A.
	 
	2.15	 	Compensation Deferral Agreement. Compensation Deferral Agreement means an agreement
between a Participant and a Participating Employer that specifies (i) the amount of each
component of Compensation that the Participant has elected to defer to the Plan in accordance
with the provisions of Article IV, and (ii) the Payment Schedule applicable to one or more
Accounts. The Committee may permit different deferral amounts for each component of
Compensation and may establish a minimum or maximum deferral amount for each such component.
Unless otherwise specified by the Committee in the Compensation Deferral Agreement,
Participants may defer up to 75% of their Annual Base Salary, up to 100% of their Annual
Bonus, up to 100% of their quarterly bonuses, up to 75% of their Commissions, and up to 100%
of Directors’ Fees for a Plan Year. A Compensation Deferral Agreement may also specify the
investment allocation described in Section 8.4.
	 
	2.16	 	Death Benefit. Death Benefit means the benefit payable under the Plan to a
Participant’s Beneficiary(ies) upon the Participant’s death as provided in Section 6.1 of the
Plan.
	 
	2.17	 	Deferral. Deferral means a credit to a Participant’s Account(s) that records that
portion of the Participant’s Compensation that the Participant has elected to defer to the
Plan in accordance with the provisions of Article IV. Unless the context of the Plan clearly
indicates otherwise, a reference to Deferrals includes Earnings attributable to such
Deferrals.
	 
	 	 	Deferrals shall be calculated with respect to the gross cash Compensation payable to the
Participant prior to any deductions or withholdings, but shall be reduced by the Committee
as necessary so that it does not exceed 100% of the cash Compensation of the Participant
remaining after deduction of all required income and employment taxes, 401(k) and other
employee benefit deductions, and other deductions required by law. Changes to payroll
withholdings that affect the amount of Compensation being deferred to the Plan shall be
allowed only to the extent permissible under Code Section 409A.
	 
	2.18	 	Director. Director means a non-Employee member of the Board of Directors of the
Company or an Adopting Employer.
	 
	2.19	 	Earnings. Earnings means an adjustment to the value of an Account in accordance with
Article VIII.
	 
	2.20	 	Effective Date. Effective Date means July 1, 2008.
	 
	2.21	 	Eligible Employee. Eligible Employee means a member of a “select group of management
or highly compensated employees” of a Participating Employer within the meaning of Sections
201(2), 301(a)(3) and 401(a)(1) of ERISA, as determined by the Committee from time to time in
its sole discretion.

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	2.22	 	Employee. Employee means a common-law employee of an Employer.
	 
	2.23	 	Employer. Employer means, with respect to Employees it employs, each Participating
Employer and any Affiliate of such Participating Employer.
	 
	2.24	 	ERISA. ERISA means the Employee Retirement Income Security Act of 1974, as amended
from time to time.
	 
	2.25	 	Fiscal Year Compensation. Fiscal Year Compensation means Compensation earned during
one or more consecutive fiscal years of a Participating Employer, all of which is paid after
the last day of such fiscal year or years.
	 
	2.26	 	Grandfathered Account. Grandfathered Account means amounts deferred under the Plan
prior to January 1, 2005 that were vested as of December 31, 2004.
	 
	2.27	 	Participant. Participant means an Eligible Employee or a Director who has received
notification of his or her eligibility to defer Compensation under the Plan under Section 3.1
and any other person with an Account Balance greater than zero, regardless of whether such
individual continues to be an Eligible Employee or a Director. A Participant’s continued
participation in the Plan shall be governed by Section 3.2 of the Plan.
	 
	2.28	 	Participating Employer. Participating Employer means the Company and each Adopting
Employer.
	 
	2.29	 	Payment Schedule. Payment Schedule means the date as of which payment of an Account
under the Plan will commence and the form in which payment of such Account will be made.
	 
	2.30	 	Performance-Based Compensation. Performance-Based Compensation means Compensation
where the amount of, or entitlement to, the Compensation is contingent on the satisfaction of
pre-established organizational or individual performance criteria relating to a performance
period of at least twelve consecutive months. Organizational or individual performance
criteria are considered pre-established if established in writing by not later than ninety
(90) days after the commencement of the period of service to which the criteria relate,
provided that the outcome is substantially uncertain at the time the criteria are established.
The determination of whether Compensation qualifies as “Performance-Based Compensation” will
be made in accordance with Treas. Reg. Section 1.409A-1(e) and subsequent guidance.
	 
	2.31	 	Plan. Generally, the term Plan means the “Lender Processing Services, Inc. Deferred
Compensation Plan” as documented herein and as may be amended from time to time hereafter.
However, to the extent permitted or required under Code Section 409A, the term Plan may in the
appropriate context also mean a portion of the Plan that is treated as a single plan under
Treas. Reg. Section 1.409A-1(c), or the Plan or portion of the Plan and any other nonqualified
deferred compensation plan or portion thereof that is treated

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	 	 	as a single plan under such section. “Plan”, in the appropriate context, refers to the
portion of this Plan represented by each Adopting Employer’s liabilities with respect to its
Employees and Directors.

	2.32	 	Plan Year. Plan Year means January 1 through December 31.
	 
	2.33	 	Retirement. Retirement means a Participant’s Separation from Service after attainment
of age 60.
	 
	2.34	 	Retirement Benefit. Retirement Benefit means the benefit payable to a Participant
under the Plan following the Retirement of the Participant.
	 
	2.35	 	Retirement/Termination Account. Retirement/Termination Account means an Account
established by the Committee to record the amounts payable to a Participant upon Separation
from Service.
	 
	2.36	 	Separation from Service. An Employee incurs a Separation from Service upon
termination of employment with the Employer. A Director incurs a Separation from Service when
he or she no longer serves on the Board of Directors of the Company. Whether a Separation
from Service has occurred shall be determined by the Committee in accordance with Code Section
409A.
	 
	 	 	Except in the case of an Employee on a bona fide leave of absence as provided below, an
Employee is deemed to have incurred a Separation from Service if the Employer and the
Employee reasonably anticipated that the level of services to be performed by the Employee
after a date certain would be reduced to 20% or less of the average services rendered by the
Employee during the immediately preceding 36-month period (or the total period of
employment, if less than 36 months), disregarding periods during which the Employee was on a
bona fide leave of absence.
	 
	 	 	An Employee who is absent from work due to military leave, sick leave, or other bona fide
leave of absence shall incur a Separation from Service on the first date immediately
following the later of (i) the six-month anniversary of the commencement of the leave or
(ii) the expiration of the Employee’s right, if any, to reemployment under statute or
contract.
	 
	 	 	For purposes of determining whether a Separation from Service has occurred, the Employer
means the Employer as defined in Section 2.23 of the Plan, except that for purposes of
determining whether another organization is an Affiliate of the Company, common ownership of
at least 50% shall be determinative.
	 
	 	 	The Committee specifically reserves the right to determine whether a sale or other
disposition of substantial assets to an unrelated party constitutes a Separation from
Service with respect to a Participant providing services to the seller immediately prior to
the transaction and providing services to the buyer after the transaction. Such
determination shall be made in accordance with the requirements of Code Section 409A.

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	2.37	 	Specified Date Account. A Specified Date Account means an Account established by the
Committee to record the amounts payable at a future date as specified in the Participant’s
Compensation Deferral Agreement. Unless otherwise determined by the Committee, a Participant
may maintain no more than five Specified Date Accounts. A Specified Date Account may be
identified in enrollment materials as an “In-Service Account” or such other name without
affecting the meaning of this Section.
	 
	2.38	 	Specified Date Benefit. Specified Date Benefit means the benefit payable to a
Participant under the Plan in accordance with
Section 6.1(c).
	 
	2.39	 	Substantial Risk of Forfeiture. Substantial Risk of Forfeiture shall have the meaning
specified in Treas. Reg. Section 1.409A-1(d).
	 
	2.40	 	Termination Benefit. Termination Benefit means the benefit payable to a Participant
under the Plan following the Participant’s Separation from Service prior to Retirement.
	 
	2.41	 	Unforeseeable Emergency. An Unforeseeable Emergency means a severe financial hardship
to the Participant resulting from an illness or accident of the Participant, the Participant’s
spouse, the Participant’s dependent (as defined in Code section 152, without regard to section
152(b)(1), (b)(2), and (d)(1)(B)) or a Beneficiary; loss of the Participant’s property due to
casualty (including the need to rebuild a home following damage to a home not otherwise
covered by insurance, for example, as a result of a natural disaster); or other similar
extraordinary and unforeseeable circumstances arising as a result of events beyond the control
of the Participant. The types of events which may qualify as an Unforeseeable Emergency may be
limited by the Committee.
	 
	2.42	 	Valuation Date. Valuation Date shall mean each Business Day.

Article III

Eligibility and Participation

	3.1	 	Eligibility and Participation. An Eligible Employee or a Director becomes a
Participant upon the earlier to occur of (i) a credit of Company Contributions under Article V
or (ii) receipt of notification of eligibility to participate.
	 
	3.2	 	Duration. A Participant shall be eligible to defer Compensation and receive
allocations of Company Contributions, subject to the terms of the Plan, for as long as such
Participant remains an Eligible Employee or a Director. A Participant who is no longer an
Eligible Employee or a Director but has not Separated from Service may not file a Compensation
Deferral Agreement under Article IV, but may otherwise exercise all of the rights of a
Participant under the Plan with respect to his or her Account(s). On and after a Separation
from Service, a Participant shall remain a Participant as long as his or her Account Balance
is greater than zero and during such time may continue to make allocation elections as
provided in Section 8.4. An individual shall cease being a Participant in the Plan when all
benefits under the Plan to which he or she is entitled have been paid.

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Lender Processing Services, Inc. Deferred Compensation Plan

Article IV

Deferrals

	4.1	 	Deferral Elections, Generally.

	 	(a)	 	A Participant may elect to defer Compensation by submitting a Compensation
Deferral Agreement during the enrollment periods established by the Committee and in
the manner specified by the Committee, but in any event, in accordance with Section
4.2. A Compensation Deferral Agreement that is not timely filed with respect to a
service period or component of Compensation shall be considered void and shall have no
effect with respect to such service period or Compensation. The Committee may modify or
cancel any Compensation Deferral Agreement prior to the date the election becomes
irrevocable under the rules of Section 4.2.
	 
	 	(b)	 	The Participant shall specify on his or her Compensation Deferral Agreement the
amount of Deferrals and whether to allocate Deferrals to a Retirement/Termination
Account or to a Specified Date Account. If no designation is made, Deferrals shall be
allocated to the Retirement/Termination Account. A Participant may also specify in his
or her Compensation Deferral Agreement the Payment Schedule applicable to his or her
Plan Accounts. If the Payment Schedule is not specified in a Compensation Deferral
Agreement, the Payment Schedule shall be the Payment Schedule specified in Section 6.2.

	4.2	 	Timing Requirements for Compensation Deferral Agreements.

	 	(a)	 	First Year of Eligibility. In the case of the first year in which an Eligible
Employee or a Director becomes eligible to participate in the Plan, he has up to 30
days following his initial eligibility to submit a Compensation Deferral Agreement with
respect to Compensation to be earned during such year. The Compensation Deferral
Agreement described in this paragraph becomes irrevocable upon the end of such 30-day
period. The determination of whether an Eligible Employee or a Director may file a
Compensation Deferral Agreement under this paragraph shall be determined in accordance
with the rules of Code Section 409A, including the provisions of Treas. Reg. Section
1.409A-2(a)(7).
	 
	 	 	 	A Compensation Deferral Agreement filed under this paragraph applies to Compensation
earned on and after the date the Compensation Deferral Agreement becomes
irrevocable.
	 
	 	(b)	 	Prior Year Election. Except as otherwise provided in this Section 4.2,
Participants may defer Compensation by filing a Compensation Deferral Agreement no
later than December 31 of the year prior to the year in which the Compensation to be
deferred is earned. A Compensation Deferral Agreement described in this paragraph shall
become irrevocable with respect to such Compensation as of January 1 of the year in
which such Compensation is earned.

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	 	(c)	 	Performance-Based Compensation. Participants may file a Compensation Deferral
Agreement with respect to Performance-Based Compensation no later than the date that is
six months before the end of the performance period, provided that:

	 	(i)	 	the Participant performs services continuously from the later
of the beginning of the performance period or the date the criteria are
established through the date the Compensation Deferral Agreement is submitted;
and
	 
	 	(ii)	 	the Compensation is not readily ascertainable as of the date
the Compensation Deferral Agreement is filed.

	 	 	 	A Compensation Deferral Agreement becomes irrevocable with respect to
Performance-Based Compensation as of the day immediately following the latest date
for filing such election. Any election to defer Performance-Based Compensation that
is made in accordance with this paragraph and that becomes payable as a result of
the Participant’s death or disability (as defined in Treas. Reg. Section
1.409A-1(e)) or upon a change in control (as defined in Treas. Reg. Section
1.409A-3(i)(5)) prior to the satisfaction of the performance criteria, will be void.
	 
	 	(d)	 	Sales Commissions. Sales commissions (as defined in Treas. Reg. Section
1.409A-2(a)(12)(i)) are considered to be earned in the taxable year of the Participant
in which the sale occurs. The Compensation Deferral Agreement must be filed before the
last day of the year preceding the year in which the sales commissions are earned and
becomes irrevocable after that date.
	 
	 	(e)	 	Short-Term Deferrals. Compensation that meets the definition of a “short-term
deferral” described in Treas. Reg. Section 1.409A-1(b)(4) may be deferred in accordance
with the rules of Article VII, applied as if the date the Substantial Risk of
Forfeiture lapses is the date payments were originally scheduled to commence, provided,
however, that the provisions of Section 7.3 shall not apply to payments attributable to
a change in control (as defined in Treas. Reg. Section 1.409A-3(i)(5)).
	 
	 	(f)	 	Certain Forfeitable Rights. With respect to a legally binding right to a
payment in a subsequent year that is subject to a forfeiture condition requiring the
Participant’s continued services for a period of at least twelve months from the date
the Participant obtains the legally binding right, an election to defer such
Compensation may be made on or before the 30th day after the Participant obtains the
legally binding right to the Compensation, provided that the election is made at least
twelve months in advance of the earliest date at which the forfeiture condition could
lapse. The Compensation Deferral Agreement described in this paragraph becomes
irrevocable after such 30th day. If the forfeiture condition applicable to the payment
lapses before the end of the required service period as a result of the Participant’s
death or disability (as defined in Treas. Reg. Section

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	 	 	 	1.409A-3(i)(4)) or upon a change in control (as defined in Treas. Reg. Section
1.409A-3(i)(5)), the Compensation Deferral Agreement will be void unless it would be
considered timely under another rule described in this Section.
	 
	 	(g)	 	Company Awards. Participating Employers may unilaterally provide for deferrals
of Company awards prior to the date of such awards. Deferrals of Company awards (such
as sign-on, retention, or severance pay) may be negotiated with a Participant prior to
the date the Participant has a legally binding right to such Compensation.

	4.3	 	Allocation of Deferrals. A Compensation Deferral Agreement may allocate Deferrals to
one or more Specified Date Accounts and/or to the Retirement/Termination Account. The
Committee may, in its discretion, establish a minimum deferral period for Specified Date
Accounts (for example, the fourth Plan Year following the year Compensation subject to the
Compensation Deferral Agreement is earned).
	 
	4.4	 	Deductions from Pay. The Committee has the authority to determine the payroll
practices under which any component of Compensation subject to a Compensation Deferral
Agreement will be deducted from a Participant’s Compensation.
	 
	4.5	 	Vesting. Participant Deferrals shall be 100% vested at all times.
	 
	4.6	 	Cancellation of Deferrals. The Committee may cancel a Participant’s Deferrals (i) for
the balance of the Plan Year in which an Unforeseeable Emergency occurs, (ii) if the
Participant receives a hardship distribution under the Employer’s qualified 401(k) plan,
through the end of the Plan Year in which the six-month anniversary of the hardship
distribution falls, and (iii) during periods in which the Participant is unable to perform the
duties of his or her position or any substantially similar position due to a mental or
physical impairment that can be expected to result in death or last for a continuous period of
at least six months (a “Disability”), provided cancellation occurs by the later of the end of
the taxable year of the Participant or the 15th day of the third month following
the date the Participant incurs the Disability.

Article V

Company Contributions

	5.1	 	Discretionary Company Contributions. The Participating Employer may, from time to
time in its sole and absolute discretion, credit Company Contributions to any Participant in
any amount determined by the Participating Employer. Such contributions will be credited to a
Participant’s Retirement/Termination Account.
	 
	5.2	 	Vesting. Company Contributions described in Section 5.1, above, and the Earnings
thereon, shall vest in accordance with the vesting schedule(s) established by the Committee at
the time that the Company Contribution is made. All Company Contributions shall become 100%
vested upon the occurrence of the earliest of: (i) the death of the Participant while actively
employed; (ii) the disability of the Participant, (iii)

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	 	 	Retirement of the Participant, or (iv) a Change in Control (except to the extent vesting
would result in tax under Code Section 280G). The Participating Employer may, at any time,
in its sole discretion, increase a Participant’s vested interest in a Company Contribution.
The portion of a Participant’s Accounts that remains unvested upon his or her Separation
from Service after the application of the terms of this Section 5.2 shall be forfeited.
	 
	5.3	 	Company Make-Up Contributions. For each year a Participant is entitled to a matching
contribution under the Company’s 401(k) Plan, the Company shall credit at the end of the Plan
Year to such Participant’s Retirement/Termination Account under this Plan an amount equal to
(a) minus (b) plus (c):

	 	(a)	 	The amount of matching contribution that would have been made by the Company to
a Participant’s account in the Company 401(k) plan for the 401(k) Plan Year if the
Participant had made no deferrals into this Plan (assuming Deferrals reduce
compensation for purposes of computing the maximum company match in the 401(k) plan).
	 
	 	(b)	 	The actual amount of Company matching contributions to such Participant’s
401(k) plan for the Plan Year.
	 
	 	(c)	 	The amount or any lost matching contribution to the Participant’s account in
the Company 401(k) plan due to ACP testing pursuant to Code Section 401(m).

	 	 	Company Make-Up Contributions shall vest in accordance to the Company’s 401(k) plan vesting
schedule.

Article VI

Benefits

	6.1	 	Benefits, Generally. A Participant shall be entitled to the following benefits under
the Plan:

	 	(a)	 	Retirement Benefit. Upon the Participant’s Separation from Service due to
Retirement, he or she shall be entitled to a Retirement Benefit. The Retirement Benefit
shall be equal to the vested portion of the Retirement/Termination Account and any
Specified Date Accounts that have not commenced payments. The Retirement Benefit shall
be based on the value of such Accounts as of the January 31 or July 31 immediately
preceding the payment commencement date, or such other date determined by the
Committee. If the Participant Separates from Service during the first half of the year
(January-June), then payment will commence February 1st of the following
year. If the Participant Separates from Service during the second half of the year
(July-December), then payment will commence August 1st of the following
year. If payments are to be made in annual installments, each installment will be paid
on each anniversary of the payment commencement date described above.

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	 	(b)	 	Termination Benefit. Upon the Participant’s Separation from Service for reasons
other than death or Retirement, he or she shall be entitled to a Termination Benefit.
The Termination Benefit shall be equal to the vested portion of the
Retirement/Termination Account and the vested portion of any unpaid Specified Date
Accounts that have not commenced payments. The Termination Benefit shall be based on
the value of such Accounts as of the January 31 or July 31 immediately preceding the
payment commencement date, or such other date determined by the Committee. If the
Participant Separates from Service during the first half of the year (January-June),
then payment will commence February 1st of the following year. If the
Participant Separates from Service during the second half of the year (July-December),
then payment will commence August 1st of the following year. If payments are
to be made in annual installments, each installment will be paid on each anniversary of
the payment commencement date described above.
	 
	 	(c)	 	Specified Date Benefit. If the Participant has established one or more
Specified Date Accounts, he or she shall be entitled to a Specified Date Benefit with
respect to each such Specified Date Account. The Specified Date Benefit shall be equal
to the vested portion of the Specified Date Account, based on the value of that Account
as of the January 31 following the Plan Year designated by the Participant. Payment of
the Specified Date Benefit will be made within 2-1/2 months following the end of such
Plan Year. For purposes of Article VII and Treas. Reg. Section 1.409A-3(d), the payment
date of a Specified Date Account is December 31 of the Plan Year designated by the
Participant.
	 
	 	(d)	 	Death Benefit. In the event of the Participant’s death, his or her designated
Beneficiary(ies) shall be entitled to a Death Benefit. The Death Benefit shall be equal
to the vested portion of the Retirement/Termination Account and the vested portion of
any unpaid Specified Date Accounts that have not commenced payments. The Death Benefit
shall be based on the value of the Accounts as of the end of the month in which death
occurred, with payment made the first day of the following month.
	 
	 	(e)	 	Unforeseeable Emergency Payments. A Participant who experiences an
Unforeseeable Emergency may submit a written request to the Committee to receive
payment of all or any portion of his or her vested Accounts. Whether a Participant or
Beneficiary is faced with an Unforeseeable Emergency permitting an emergency payment
shall be determined by the Committee based on the relevant facts and circumstances of
each case, but, in any case, a distribution on account of Unforeseeable Emergency may
not be made to the extent that such emergency is or may be reimbursed through insurance
or otherwise, by liquidation of the Participant’s assets, to the extent the liquidation
of such assets would not cause severe financial hardship, or by cessation of Deferrals
under this Plan. If an emergency payment is approved by the Committee, the amount of
the payment shall not exceed the amount reasonably necessary to satisfy the need,

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	 	 	 	taking into account the additional compensation that is available to the Participant
as the result of cancellation of deferrals to the Plan, including amounts necessary
to pay any taxes or penalties that the Participant reasonably anticipates will
result from the payment. The amount of the emergency payment shall be subtracted
first from the vested portion of the Participant’s Retirement/Termination Account
until depleted and then from the vested Specified Date Accounts, beginning with the
Specified Date Account with the latest payment commencement date. Emergency payments
shall be paid in a single lump sum within the 90-day period following the date the
payment is approved by the Committee.
	 
	 	(f)	 	Voluntary Withdrawals of Grandfathered Accounts. A Participant may elect at any
time to voluntarily withdraw only the entire amount credited to his or her
Grandfathered Account. If such a withdrawal is requested, the Participant shall forfeit
an amount equal to 10% of the balance of the Grandfathered Account, and he or she shall
not be permitted to make Deferrals to the Plan in the Plan Year following the Plan Year
in which the withdrawal is made.

	6.2	 	Form of Payment.

	 	(a)	 	Retirement Benefit. A Participant who is entitled to receive a Retirement
Benefit shall receive payment of such benefit in a single lump sum, unless the
Participant elects on his or her initial Compensation Deferral Agreement to have such
benefit paid in one of the following alternative forms of payment (i) substantially
equal annual installments over a period of five (5), ten (10), or fifteen (15) years,
as elected by the Participant; or (ii) a lump sum payment of a percentage of the
balance in the Retirement/Termination Account, with the balance paid in substantially
equal annual installments over a period of five (5), ten (10), or fifteen (15) years,
as elected by the Participant.
	 
	 	(b)	 	Termination Benefit. A Participant who is entitled to receive a Termination
Benefit shall receive payment of such benefit in substantially equal annual
installments over a period of five years.
	 
	 	(c)	 	Specified Date Benefit. The Specified Date Benefit shall be paid in a single
lump sum, unless the Participant elects on the Compensation Deferral Agreement with
which such Specified Date Account was established to have such Account paid in
substantially equal annual installments over a period of two to five years, as elected
by the Participant. Notwithstanding any election of a form of payment by the
Participant, Specified Date Benefits that have not commenced as of the Participant’s
Separation from Service will be paid according to the payment schedule for the
Retirement Benefit, Termination Benefit or Death Benefit, whichever applies to the
Participant upon his or her Separation from Service. However, if the Retirement,
Termination or Death Benefit is payable in a lump sum, the unpaid balance of all
Specified Date Accounts (regardless of such Accounts’ payment status) will be payable
in a lump sum.

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	 	(d)	 	Death Benefit. If the Participant dies prior to the payment commencement date
of his or her Retirement Benefit, his or her designated Beneficiary shall receive
payment of such benefit in a single lump sum, unless the Participant elects on his or
her initial Compensation Deferral Agreement to have the Death Benefit paid in one of
the following alternative forms of payment (i) substantially equal annual installments
over a period of five (5), ten (10), or fifteen (15) years, as elected by the
Participant; or (ii) a lump sum payment of a percentage of the Death Benefit, with the
balance paid in substantially equal annual installments over a period of five (5), ten
(10), or fifteen (15) years, as elected by the Participant.
	 
	 	 	 	If the Participant dies on or after his Retirement Benefit payment commencement
date, his or her designated Beneficiary shall receive the remaining payments under
the payment schedule in effect for the Retirement Benefit.
	 
	 	(e)	 	Change in Control. A Participant will receive a single lump sum payment equal
to the unpaid balance of all of his or her Accounts in the event of a Separation from
Service within 24 months following a Change in Control. Accounts will be valued and
paid under the payment timing rules described in Section 6.1(b). In addition to the
foregoing, a Participant who has incurred a Separation from Service prior to a Change
in Control and any Beneficiary of such Participant who is receiving or is scheduled to
receive payments at the time of a Change in Control, will receive the balance of all
unpaid Accounts in a single lump sum on the next scheduled payment date described in
Section 6.1.
	 
	 	(f)	 	Small Account Balances. The Committee may, in its sole discretion which shall
be evidenced in writing no later than the date of payment, elect to pay the value of
the Participant’s Accounts upon a Separation from Service in a single lump sum if the
balance of such Accounts is not greater than the applicable dollar amount under Code
Section 402(g)(1)(B), provided the payment represents the complete liquidation of the
Participant’s interest in the Plan.
	 
	 	(g)	 	Rules Applicable to Installment Payments. If a Payment Schedule specifies
installment payments, annual payments will be made beginning as of the payment
commencement date for such installments and shall continue on each anniversary thereof
until the number of installment payments specified in the Payment Schedule has been
paid. The amount of each installment payment shall be determined by dividing (a) by
(b), where (a) equals the Account Balance as of the Valuation Date and (b) equals the
remaining number of installment payments.
	 
	 	 	 	For purposes of Article VII, installment payments will be treated as a single form
of payment. If a lump sum equal to less than 100% of the Retirement/Termination
Account is paid, the payment commencement date for the installment form of payment
will be the first anniversary of the payment of the lump sum.

	6.3	 	Acceleration of or Delay in Payments. The Committee, in its sole and absolute
discretion, may elect to accelerate the time or form of payment of a benefit owed to the
Participant

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hereunder, provided such acceleration is permitted under Treas. Reg. Section 1.409A-3(j)(4).
The Committee may also, in its sole and absolute discretion, delay the time for payment of a
benefit owed to the Participant hereunder, to the extent permitted under Treas. Reg. Section
1.409A-2(b)(7).

Article VII

Modifications to Payment Schedules

	7.1	 	Participant’s Right to Modify. A Participant may modify any or all of the
alternative Payment Schedules with respect to an Account, consistent with the permissible
Payment Schedules available under the Plan, provided such modification complies with the
requirements of this Article VII.
	 
	7.2	 	Time of Election. The date on which a modification election is submitted to the
Committee must be at least twelve months prior to the date on which payment is scheduled to
commence under the Payment Schedule in effect prior to the modification.
	 
	7.3	 	Date of Payment under Modified Payment Schedule. Except with respect to modifications
that relate to the payment of a Death Benefit, the date payments are to commence under the
modified Payment Schedule must be no earlier than five years after the date payment would have
commenced under the original Payment Schedule. Under no circumstances may a modification
election result in an acceleration of payments in violation of Code Section 409A.
	 
	7.4	 	Effective Date. A modification election submitted in accordance with this Article VII
is irrevocable upon receipt by the Committee and becomes effective 12 months after such date.
	 
	7.5	 	Effect on Accounts. An election to modify a Payment Schedule is specific to the
Account or payment event to which it applies, and shall not be construed to affect the Payment
Schedules of any other Accounts.
	 
	7.6	 	Modifications to Grandfathered Accounts. Notwithstanding the preceding provisions of
this Article VII, a Participant may modify the time or form of payment applicable to a
Grandfathered Account at any time, provided the modification is submitted in writing at least
13 months in advance of the date the Grandfathered Account is scheduled to be paid.

Article VIII

Valuation of Account Balances; Investments

	8.1	 	Valuation. Deferrals shall be credited to appropriate Accounts on the date such
Compensation would have been paid to the Participant absent the Compensation Deferral
Agreement. Company Contributions shall be credited to the Retirement/Termination

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	 	 	Account at the times determined by the Committee. Valuation of Accounts shall be performed
under procedures approved by the Committee.
	 
	8.2	 	Earnings Credit. Each Account will be credited with Earnings on each Business Day,
based upon the Participant’s investment allocation among a menu of investment options selected
in advance by the Committee, in accordance with the provisions of this Article VIII
(“investment allocation”).
	 
	8.3	 	Investment Options. Investment options will be determined by the Committee. The
Committee, in its sole discretion, shall be permitted to add or remove investment options from
the Plan menu from time to time, provided that any such additions or removals of investment
options shall not be effective with respect to any period prior to the effective date of such
change.
	 
	8.4	 	Investment Allocations. A Participant’s investment allocation constitutes a deemed,
not actual, investment among the investment options comprising the investment menu. At no time
shall a Participant have any real or beneficial ownership in any investment option included in
the investment menu, nor shall the Participating Employer or any trustee acting on its behalf
have any obligation to purchase actual securities as a result of a Participant’s investment
allocation. A Participant’s investment allocation shall be used solely for purposes of
adjusting the value of a Participant’s Account Balances.
	 
	 	 	A Participant shall specify an investment allocation for each of his Accounts in accordance
with procedures established by the Committee. Allocation among the investment options must
be designated in increments of 1%. The Participant’s investment allocation will become
effective on the same Business Day or, in the case of investment allocations received after
a time specified by the Committee, the next Business Day.
	 
	 	 	A Participant may change an investment allocation on any Business Day, both with respect to
future credits to the Plan and with respect to existing Account Balances, in accordance with
procedures adopted by the Committee. Changes shall become effective on the same Business Day
or, in the case of investment allocations received after a time specified by the Committee,
the next Business Day, and shall be applied prospectively.
	 
	8.5	 	Unallocated Deferrals and Accounts. If the Participant fails to make an investment
allocation with respect to an Account, such Account shall be invested in an investment option,
the primary objective of which is the preservation of capital, as determined by the Committee.

Article IX

Administration

	9.1	 	Plan Administration. This Plan shall be administered by the Committee which shall
have discretionary authority to make, amend, interpret and enforce all appropriate rules and
regulations for the administration of this Plan and to utilize its discretion to decide or
resolve any and all questions, including but not limited to eligibility for benefits and

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	 	 	interpretations of this Plan and its terms, as may arise in connection with the Plan. Claims
for benefits shall be filed with the Committee and resolved in accordance with the claims
procedures in Article XII.
	 
	9.2	 	Administration Upon Change in Control. Upon a Change in Control affecting the
Company, the Committee, as constituted immediately prior to such Change in Control, shall
continue to act as the Committee. The individual who was the Chief Executive Officer of the
Company (or if such person is unable or unwilling to act, the next highest ranking officer)
prior to the Change in Control shall have the authority (but shall not be obligated) to
appoint an independent third party to act as the Committee.
	 
	 	 	Upon such Change in Control, the Company may not remove the Committee, unless 2/3rds of the
members of the Board of Directors of the Company and a majority of Participants and
Beneficiaries with Account Balances consent to the removal and replacement Committee.
Notwithstanding the foregoing, neither the Committee nor the officer described above shall
have authority to direct investment of trust assets under any rabbi trust described in
Section 11.2.
	 
	 	 	The Participating Employer shall, with respect to the Committee identified under this
Section, (i) pay all reasonable expenses and fees of the Committee, (ii) indemnify the
Committee (including individuals serving as Committee) against any costs, expenses and
liabilities including, without limitation, attorneys’ fees and expenses arising in
connection with the performance of the Committee hereunder, except with respect to matters
resulting from the Committee’s gross negligence or willful misconduct and (iii) supply full
and timely information to the Committee on all matters related to the Plan, any rabbi trust,
Participants, Beneficiaries and Accounts as the Committee may reasonably require.
	 
	9.3	 	Withholding. The Participating Employer shall have the right to withhold from any
payment due under the Plan (or with respect to any amounts credited to the Plan) any taxes
required by law to be withheld in respect of such payment (or credit). Withholdings with
respect to amounts credited to the Plan shall be deducted from Compensation that has not been
deferred to the Plan.
	 
	9.4	 	Indemnification. The Participating Employers shall indemnify and hold harmless each
employee, officer, director, agent or organization, to whom or to which are delegated duties,
responsibilities, and authority under the Plan or otherwise with respect to administration of
the Plan, including, without limitation, the Committee and its agents, against all claims,
liabilities, fines and penalties, and all expenses reasonably incurred by or imposed upon him
or it (including but not limited to reasonable attorney fees) which arise as a result of his
or its actions or failure to act in connection with the operation and administration of the
Plan to the extent lawfully allowable and to the extent that such claim, liability, fine,
penalty, or expense is not paid for by liability insurance purchased or paid for by the
Participating Employer. Notwithstanding the foregoing, the Participating Employer shall not
indemnify any person or organization if his or its actions or failure to act are due to gross
negligence or willful misconduct or for any such amount

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	 	 	incurred through any settlement or compromise of any action unless the Participating
Employer consents in writing to such settlement or compromise.
	 
	9.5	 	Delegation of Authority. In the administration of this Plan, the Committee may, from
time to time, employ agents and delegate to them such administrative duties as it sees fit,
and may from time to time consult with legal counsel who shall be legal counsel to the
Company.
	 
	9.6	 	Binding Decisions or Actions. The decision or action of the Committee in respect of
any question arising out of or in connection with the administration, interpretation and
application of the Plan and the rules and regulations thereunder shall be final and conclusive
and binding upon all persons having any interest in the Plan.

Article X

Amendment and Termination

	10.1	 	Amendment and Termination. The Company may at any time and from time to time amend
the Plan or may terminate the Plan as provided in this Article X. Each Participating Employer
may also terminate its participation in the Plan.
	 
	10.2	 	Amendments. The Company, by action taken by its Board of Directors, may amend the
Plan at any time and for any reason, provided that any such amendment shall not reduce the
vested Account Balances of any Participant accrued as of the date of any such amendment or
restatement (as if the Participant had incurred a voluntary Separation from Service on such
date) or reduce any rights of a Participant under the Plan or other Plan features with respect
to Deferrals made prior to the date of any such amendment or restatement without the consent
of the Participant. The Board of Directors of the Company may delegate to the Committee the
authority to amend the Plan without the consent of the Board of Directors for the purpose of
(i) conforming the Plan to the requirements of law, (ii) facilitating the administration of
the Plan, (iii) clarifying provisions based on the Committee’s interpretation of the document
and (iv) making such other amendments as the Board of Directors may authorize.
	 
	10.3	 	Termination. The Company, by action taken by its Board of Directors, may terminate
the Plan and pay Participants and Beneficiaries their Account Balances in a single lump sum at
any time, to the extent and in accordance with Treas. Reg. Section 1.409A-3(j)(4)(ix). If a
Participating Employer terminates its participation in the Plan, the benefits of affected
Employees shall be paid at the time provided in Article VI.

Article XI

Informal Funding

	11.1	 	General Assets. Obligations established under the terms of the Plan may be satisfied
from the general funds of the Participating Employers, or a trust described in this Article
XI. No Participant, spouse or Beneficiary shall have any right, title or interest whatever in

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	 	 	assets of the Participating Employers. Nothing contained in this Plan, and no action taken
pursuant to its provisions, shall create or be construed to create a trust of any kind, or a
fiduciary relationship, between the Participating Employers and any Employee, spouse, or
Beneficiary. To the extent that any person acquires a right to receive payments hereunder,
such rights are no greater than the right of an unsecured general creditor of the
Participating Employer.
	 
	11.2	 	Rabbi Trust. A Participating Employer may, in its sole discretion, establish a
grantor trust, commonly known as a rabbi trust, as a vehicle for accumulating assets to pay
benefits under the Plan. Payments under the Plan may be paid from the general assets of the
Participating Employer or from the assets of any such rabbi trust. Payment from any such
source shall reduce the obligation owed to the Participant or Beneficiary under the Plan.

Article XII

Claims

	12.1	 	Filing a Claim. Any controversy or claim arising out of or relating to the Plan shall
be filed in writing with the Committee which shall make all determinations concerning such
claim. Any claim filed with the Committee and any decision by the Committee denying such claim
shall be in writing and shall be delivered to the Participant or Beneficiary filing the claim
(the “Claimant”).

	 	(a)	 	In General. Notice of a denial of benefits will be provided within ninety (90)
days of the Committee’s receipt of the Claimant’s claim for benefits. If the Committee
determines that it needs additional time to review the claim, the Committee will
provide the Claimant with a notice of the extension before the end of the initial
ninety (90) day period. The extension will not be more than ninety (90) days from the
end of the initial ninety (90) day period and the notice of extension will explain the
special circumstances that require the extension and the date by which the Committee
expects to make a decision.
	 
	 	(b)	 	Contents of Notice. If a claim for benefits is completely or partially denied,
notice of such denial shall be in writing and shall set forth the reasons for denial in
plain language. The notice shall (i) cite the pertinent provisions of the Plan document
and (ii) explain, where appropriate, how the Claimant can perfect the claim, including
a description of any additional material or information necessary to complete the claim
and why such material or information is necessary. The claim denial also shall include
an explanation of the claims review procedures and the time limits applicable to such
procedures, including a statement of the Claimant’s right to bring a civil action under
Section 502(a) of ERISA following an adverse decision on review.

	12.2	 	Appeal of Denied Claims. A Claimant whose claim has been completely or partially
denied shall be entitled to appeal the claim denial by filing a written appeal with a
committee designated to hear such appeals (the “Appeals Committee”). A Claimant who

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timely requests a review of the denied claim (or his or her authorized representative) may
review, upon request and free of charge, copies of all documents, records and other
information relevant to the denial and may submit written comments, documents, records and
other information relevant to the claim to the Appeals Committee. All written comments,
documents, records, and other information shall be considered “relevant” if the information
(i) was relied upon in making a benefits determination,(ii) was submitted, considered or
generated in the course of making a benefits decision regardless of whether it was relied
upon to make the decision, or (iii) demonstrates compliance with administrative processes
and safeguards established for making benefit decisions. The Appeals Committee may, in its
sole discretion and if it deems appropriate or necessary, decide to hold a hearing with
respect to the claim appeal.

	 	(a)	 	In General. Appeal of a denied benefits claim must be filed in writing with the
Appeals Committee no later than sixty (60) days after receipt of the written
notification of such claim denial. The Appeals Committee shall make its decision
regarding the merits of the denied claim within sixty (60) days following receipt of
the appeal (or within one hundred and twenty (120) days after such receipt, in a case
where there are special circumstances requiring extension of time for reviewing the
appealed claim). If an extension of time for reviewing the appeal is required because
of special circumstances, written notice of the extension shall be furnished to the
Claimant prior to the commencement of the extension. The notice will indicate the
special circumstances requiring the extension of time and the date by which the Appeals
Committee expects to render the determination on review. The review will take into
account comments, documents, records and other information submitted by the Claimant
relating to the claim without regard to whether such information was submitted or
considered in the initial benefit determination.
	 
	 	(b)	 	Contents of Notice. If a benefits claim is completely or partially denied on
review, notice of such denial shall be in writing and shall set forth the reasons for
denial in plain language. The decision on review shall set forth (i) the specific
reason or reasons for the denial, (ii) specific references to the pertinent Plan
provisions on which the denial is based, (iii) a statement that the Claimant is
entitled to receive, upon request and free of charge, reasonable access to and copies
of all documents, records, or other information relevant (as defined above) to the
Claimant’s claim, and (iv) a statement describing any voluntary appeal procedures
offered by the plan and a statement of the Claimant’s right to bring an action under
Section 502(a) of ERISA.

	12.3	 	Claims Appeals Upon Change in Control. Upon a Change in Control, the Appeals
Committee, as constituted immediately prior to such Change in Control, shall continue to act
as the Appeals Committee. Upon such Change in Control, the Company may not remove any member
of the Appeals Committee, but may replace resigning members if 2/3rds of the members of the
Board of Directors of the Company and a majority of Participants and Beneficiaries with
Account Balances consent to the replacement.

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	 	 	The Appeals Committee shall have the exclusive authority at the appeals stage to interpret
the terms of the Plan and resolve appeals under the Claims Procedure.
	 
	 	 	Each Participating Employer shall, with respect to the Committee identified under this
Section, (i) pay its proportionate share of all reasonable expenses and fees of the Appeals
Committee, (ii) indemnify the Appeals Committee (including individual committee members)
against any costs, expenses and liabilities including, without limitation, attorneys’ fees
and expenses arising in connection with the performance of the Appeals Committee hereunder,
except with respect to matters resulting from the Appeals Committee’s gross negligence or
willful misconduct and (iii) supply full and timely information to the Appeals Committee on
all matters related to the Plan, any rabbi trust, Participants, Beneficiaries and Accounts
as the Appeals Committee may reasonably require.
	 
	12.4	 	Legal Action. A Claimant may not bring any legal action, including a suit in state or
federal court or commencement of any arbitration, relating to a claim for benefits under the
Plan unless and until the Claimant has followed the claims procedures under the Plan and
exhausted his or her administrative remedies under such claims procedures. In no event may
legal action be brought more than five years after the events giving rise to the claim have
occurred.
	 
	 	 	If a Participant or Beneficiary prevails in a legal proceeding brought under the Plan to
enforce the rights of such Participant or any other similarly situated Participant or
Beneficiary, in whole or in part, the Participating Employer shall reimburse such
Participant or Beneficiary for all legal costs, expenses, attorneys’ fees and such other
liabilities incurred as a result of such proceedings. If the legal proceeding is brought in
connection with a Change in Control, or a “change in control” as defined in a rabbi trust
described in Section 11.2, the Participant or Beneficiary may file a claim directly with the
trustee for reimbursement of such costs, expenses and fees. For purposes of the preceding
sentence, the amount of the claim shall be treated as if it were an addition to the
Participant’s or Beneficiary’s Account Balance.
	 
	12.5	 	Discretion of Appeals Committee. All interpretations, determinations and decisions of
the Appeals Committee with respect to any claim shall be made in its sole discretion, and
shall be final and conclusive.
	 
	12.6	 	Arbitration.

	 	(a)	 	Prior to Change in Control. If, prior to a Change in Control, any claim or
controversy between a Participating Employer and a Participant or Beneficiary is not
resolved through the claims procedure set forth in Article XII, such claim shall be
submitted to and resolved exclusively by expedited binding arbitration by a single
arbitrator. Arbitration shall be conducted in accordance with the following
procedures:

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The complaining party shall promptly send written notice to the other party
identifying the matter in dispute and the proposed remedy. Following the giving of
such notice, the parties shall meet and attempt in good faith to resolve the matter.
In the event the parties are unable to resolve the matter within twenty one (21)
days, the parties shall meet and attempt in good faith to select a single arbitrator
acceptable to both parties. If a single arbitrator is not selected by mutual consent
within ten (10) Business Days following the giving of the written notice of dispute,
an arbitrator shall be selected from a list of nine persons each of whom shall be an
attorney who is either engaged in the active practice of law or recognized
arbitrator and who, in either event, is experienced in serving as an arbitrator in
disputes between employers and employees, which list shall be provided by the main
office of either JAMS, the American Arbitration Associate (“AAA”) or the Federal
Mediation and Conciliation Service. If, within three Business Days of the parties’
receipt of such list, the parties are unable to agree on an arbitrator from the
list, then the parties shall each strike names alternatively from the list, with the
first to strike being determined by the flip of a coin. After each party has had
four strikes, the remaining name on the list shall be the arbitrator. If such person
is unable to serve for any reason, the parties shall repeat this process until an
arbitrator is selected.

Unless the parties agree otherwise, within sixty (60) days of the selection of the
arbitrator, a hearing shall be conducted before such arbitrator at a time and a
place agreed upon by the parties. In the event the parties are unable to agree upon
the time or place of the arbitration, the time and place shall be designated by the
arbitrator after consultation with the parties. Within thirty (30) days of the
conclusion of the arbitration hearing, the arbitrator shall issue an award,
accompanied by a written decision explaining the basis for the arbitrator’s award.

In any arbitration hereunder, the Participating Employer shall pay all
administrative fees of the arbitration and all fees of the arbitrator, except that
the Participant or Beneficiary may, if he/she/it wishes, pay up to one-half of those
amounts. Each party shall pay its own attorneys’ fees, costs, and expenses, unless
the arbitrator orders otherwise. The prevailing party in such arbitration, as
determined by the arbitrator, and in any enforcement or other court proceedings,
shall be entitled, to the extent permitted by law, to reimbursement from the other
party for all of the prevailing party’s costs (including but not limited to the
arbitrator’s compensation), expenses, and attorneys’ fees. The arbitrator shall have
no authority to add to or to modify this Plan, shall apply all applicable law, and
shall have no lesser and no greater remedial authority than would a court of law
resolving the same claim or controversy. The arbitrator shall have no authority to
add to or to modify this Plan, shall apply all applicable law, and shall have no
lesser and no greater remedial authority than would a court of law resolving the
same claim or controversy. The arbitrator shall, upon an appropriate motion, dismiss
any claim without an evidentiary hearing if the party bringing the motion
establishes that it would be entitled to summary judgment if the matter had been
pursued in court litigation.

Page 22 of 26

 

 

Lender Processing Services, Inc. Deferred Compensation Plan

The parties shall be entitled to discovery as follows: Each party may take no more
than three depositions. The Participating Employer may depose the Participant or
Beneficiary plus two other witnesses, and the Participant or Beneficiary may depose
the Participating Employer, pursuant to Rule 30(b)(6) of the Federal Rules of Civil
Procedure, plus two other witnesses. Each party may make such reasonable document
discovery requests as are allowed in the discretion of the arbitrator.

The decision of the arbitrator shall be final, binding, and non-appealable, and may
be enforced as a final judgment in any court of competent jurisdiction.

This arbitration provision of the Plan shall extend to claims against any parent,
subsidiary, or affiliate of each party, and, when acting within such capacity, any
officer, director, shareholder, Participant, Beneficiary, or agent of any party, or
of any of the above, and shall apply as well to claims arising out of state and
federal statutes and local ordinances as well as to claims arising under the common
law or under this Plan.

Notwithstanding the foregoing, and unless otherwise agreed between the parties,
either party may apply to a court for provisional relief, including a temporary
restraining order or preliminary injunction, on the ground that the arbitration
award to which the applicant may be entitled may be rendered ineffectual without
provisional relief.

Any arbitration hereunder shall be conducted in accordance with the Federal
Arbitration Act: provided, however, that, in the event of any inconsistency between
the rules and procedures of the Act and the terms of this Plan, the terms of this
Plan shall prevail.

If any of the provisions of this Section 12.6(a) are determined to be unlawful or
otherwise unenforceable, in the whole part, such determination shall not affect the
validity of the remainder of this section and this section shall be reformed to the
extent necessary to carry out its provisions to the greatest extent possible and to
insure that the resolution of all conflicts between the parties, including those
arising out of statutory claims, shall be resolved by neutral, binding arbitration.
If a court should find that the provisions of this Section 12.6(a) are not
absolutely binding, then the parties intend any arbitration decision and award to be
fully admissible in evidence in any subsequent action, given great weight by any
finder of fact and treated as determinative to the maximum extent permitted by law.

The parties do not agree to arbitrate any putative class action or any other
representative action. The parties agree to arbitrate only the claims(s) of a single
Participant or Beneficiary.

Page 23 of 26

 

 

Lender Processing Services, Inc. Deferred Compensation Plan

	 	(b)	 	Upon Change in Control. If, upon the occurrence of a Change in Control, any
dispute, controversy or claim arises between a Participant or Beneficiary and the
Participating Employer out of or relating to or concerning the provisions of the Plan,
such dispute, controversy or claim shall be finally settled by a court of competent
jurisdiction which, notwithstanding any other provision of the Plan, shall apply a de
novo standard of review to any determination made by the Company or its Board of
Directors, a Participating Employer, the Committee, or the Appeals Committee.

Article XIII

General Provisions

	13.1	 	Assignment. No interest of any Participant, spouse or Beneficiary under this Plan and
no benefit payable hereunder shall be assigned as security for a loan, and any such purported
assignment shall be null, void and of no effect, nor shall any such interest or any such
benefit be subject in any manner, either voluntarily or involuntarily, to anticipation, sale,
transfer, assignment or encumbrance by or through any Participant, spouse or Beneficiary.
Notwithstanding anything to the contrary herein, however, the Committee has the discretion to
make payments to an alternate payee in accordance with the terms of a domestic relations order
(as defined in Code Section 414(p)(1)(B)).
	 
	 	 	The Company may assign any or all of its liabilities under this Plan in connection with any
organizational restructuring, recapitalization, sale of assets (including a sale with
respect to which an agreement under Treas. Reg. Section 1.409A-1(h)(4) has been entered
into) or other similar transaction affecting a Participating Employer without the consent of
the Participants.
	 
	13.2	 	Accounts Taxable Under Code Section 409A. The Plan is intended to constitute a plan
of deferred compensation that meets the requirements for deferral of income taxation under
Code Section 409A. The Committee, pursuant to its authority to interpret the Plan, may sever
from the Plan or any Compensation Deferral Agreement any provision or exercise of a right that
otherwise would result in a violation of Code Section 409A.
	 
	13.3	 	No Legal or Equitable Rights or Interest. No Participant or other person shall have
any legal or equitable rights or interest in this Plan that are not expressly granted in this
Plan. Participation in this Plan does not give any person any right to be retained in the
service of the Participating Employer. The right and power of a Participating Employer to
dismiss or discharge an Employee is expressly reserved. The Participating Employers make no
representations or warranties as to the tax consequences to a Participant or a Participant’s
beneficiaries resulting from a deferral of income pursuant to the Plan.
	 
	13.4	 	No Employment Contract. Nothing contained herein shall be construed to constitute a
contract of employment between an Employee and a Participating Employer.
	 
	13.5	 	Notice. Any notice or filing required or permitted to be delivered to the Committee
under this Plan shall be delivered in writing, in person, or through such electronic means as
is

Page 24 of 26

 

 

Lender Processing Services, Inc. Deferred Compensation Plan

established by the Committee. Notice shall be deemed given as of the date of delivery or, if
delivery is made by mail, as of the date shown on the postmark on the receipt for
registration or certification. Written transmission shall be sent by certified mail to:

LENDER PROCESSING SERVICES, INC.

ATTN: CHIEF FINANCIAL OFFICER

601 RIVERSIDE AVENUE

JACKSONVILLE, FL 32204

	 	 	Any notice or filing required or permitted to be given to a Participant under this Plan
shall be sufficient if in writing or hand-delivered, or sent by mail to the last known
address of the Participant.
	 
	13.6	 	Headings. The headings of Sections are included solely for convenience of reference,
and if there is any conflict between such headings and the text of this Plan, the text shall
control.
	 
	13.7	 	Invalid or Unenforceable Provisions. If any provision of this Plan shall be held
invalid or unenforceable, such invalidity or unenforceability shall not affect any other
provisions hereof and the Committee may elect in its sole discretion to construe such invalid
or unenforceable provisions in a manner that conforms to applicable law or as if such
provisions, to the extent invalid or unenforceable, had not been included.
	 
	13.8	 	Lost Participants or Beneficiaries. Any Participant or Beneficiary who is entitled to
a benefit from the Plan has the duty to keep the Committee advised of his or her current
mailing address. If benefit payments are returned to the Plan or are not presented for payment
after a reasonable amount of time, the Committee shall presume that the payee is missing. The
Committee, after making such efforts as in its discretion it deems reasonable and appropriate
to locate the payee, shall stop payment on any uncashed checks and may discontinue making
future payments until contact with the payee is restored.
	 
	13.9	 	Facility of Payment to a Minor. If a distribution is to be made to a minor, or to a
person who is otherwise incompetent, then the Committee may, in its discretion, make such
distribution (i) to the legal guardian, or if none, to a parent of a minor payee with whom the
payee maintains his or her residence, or (ii) to the conservator or committee or, if none, to
the person having custody of an incompetent payee. Any such distribution shall fully discharge
the Committee, the Company, and the Plan from further liability on account thereof.
	 
	13.10	 	Governing Law. To the extent not preempted by ERISA, the laws of the State of
Florida shall govern the construction and administration of the Plan.

Page 25 of 26

 

 

Lender Processing Services, Inc. Deferred Compensation Plan

IN WITNESS WHEREOF, the undersigned executed this Plan as of the 1st day of July, 2008, to be
effective as of the Effective Date.

LENDER PROCESSING SERVICES, INC.

	 	 	 	 	 
	By:

	 	Michael P. Oates
 

	 	(Print Name) 
	 
	 	 	 	 
	Its:

	 	Senior Vice President, Human Resources
 

	 	(Title) 
	 
	 	 	 	 
	 	 	/s/ Michael P. Oates	 	(Signature)
	 	 	 	 	 

Page 26 of 26exv10w9

EXHIBIT
10.9

LENDER PROCESSING SERVICES, INC.

Executive Life and Supplemental

Retirement Benefit Plan

Effective as of July 2, 2008

     THIS EXECUTIVE LIFE AND SUPPLEMENTAL RETIREMENT BENEFIT PLAN (the “Plan”), maintained by
Lender Processing Services, Inc. (the “Company”) for selected executives as provided herein, is
hereby adopted by the Company effective as of July 2, 2008 (the “Effective Date”).

Article I — Purpose

     The purpose of the Plan is to reward certain specified executives of the Company for their
service to the Company and to provide an incentive to the Participants, including newly hired
executives, for future service and loyalty to the Company. This Plan provides benefits through
life insurance policies (each a “Policy”) on the lives of Participants. Plan benefits and a
Participant’s interest in a Policy shall be as set forth in the Participant Agreements that each
Participant is required to execute with the Company before becoming a participant herein. In all
cases, a Participant’s interest in this Plan and the benefits provided hereunder shall be governed
by this Plan and the terms of the Participant Agreements, which shall be considered to be a part of
this Plan.

     The Plan is established by the Company in connection with the spinoff of the Company from
Fidelity National Information Services, Inc. Prior to the spinoff, the Company was a participating
employer in the Fidelity National Information Services, Inc. Executive Life and Supplemental
Retirement Benefit Plan (the “FIS Plan”). This Plan shall be considered to be a successor plan to
the FIS Plan.

Article II — Eligibility and Participation

     2.1 Eligibility and Participation. Participants shall be designated by the Plan
Administrator and shall be informed in writing of the effective date of their participation in the
Plan (the “Commencement Date”) and their level of life insurance benefits to which they may be
entitled. In order to participate, a Participant must complete certain enrollment documents and
must execute a Split-Dollar Life Insurance Agreement which specifies, among other matters, the
respective interests of the Participant and the Company in the Policy issued by the Insurance
Company (collectively, the “Participant Agreements”). In certain circumstances, as determined at
the discretion of the Plan Administrator, a Participant may also be required to complete and
execute (i) a Collateral Assignment of certain rights in the Policy in favor of the Company, and/or
(ii) a Policy Endorsement securing certain rights in the Policy in favor of the Company (as
appropriate, the phrase “Participant Agreements” as used herein shall include such Collateral
Assignment or Policy Endorsement). There shall be no new Participants added to the Plan.

1

 

     2.2 Participation of Executive Officers. With respect to any Participant who will
become an Executive Officer after the Effective Date, then notwithstanding any contrary term in
such Participant’s Participant Agreement, immediately prior to the Participant’s becoming an
Executive Officer, the rights of the Participant (or the rights of a Trustee in Interest) to any
cash surrender value in any Policy covering the Participant shall forfeit immediately to the
Company. Effective as of the time the Participant becomes an Executive Officer, certain Policy
rights (including ownership of the Policy) shall immediately transfer to the Company. The Company
shall determine the period of advance notice, if any, and the manner of notice to be provided to
any Participant who may become subject to this Section 2.2. In the event a forfeiture of Policy
rights occurs, as described above, then immediately and automatically upon the Participant’s
becoming an Executive Officer the Participant (and/or Trustee in Interest) shall become a party to
a Participant Agreement substantially in the form determined by the Plan Administrator. This
agreement shall not substantially reduce the effective death benefits provided under the prior
Participant Agreement nor impair the right to name a beneficiary for such death benefits, but such
modification may reduce or eliminate the right to any portion of the death benefits that are
derived from cash value.

     2.3 Transfer of Participants. Any Participants who are employed by the Company and
who participated in the FIS Plan prior to the spinoff of the Company shall be transferred to this
Plan as of the Effective Date and their eligibility and participation in this Plan shall continue
pursuant to the terms of this Plan. The Participant Agreements of each transferred Participant
from the FIS Plan shall also transfer to this Plan as of the Effective Date, and each transferred
Participant shall retain his/her original Commencement Date from the FIS Plan. To the extent that
a Participant is eligible to have his/her Policy premiums paid from the Certegy Inc. grantor trust
under the FIS Plan, the transfer to this Plan shall have no effect on such premium payments and
such Participants’ Policy premiums shall continue to be paid from such grantor trust based on its
terms and conditions.

Article III — Definitions

     The following terms shall have the meanings ascribed to them below for purposes of the Plan,
the Participant Agreements and the Questions and Answers for the Executive Life and Supplemental
Retirement Benefit Plan, and any amendments, supplements or successors thereto. Other capitalized
terms used herein and not defined herein shall have the meanings ascribed to them in the
Participant Agreements.

     3.1 Cause. “Cause” shall mean termination by the Company of the Participant’s
employment upon any one of the following circumstances:

     (a) the Participant’s willful and continued failure to substantially perform the
Participant’s duties with the Company (other than any failure resulting from the
Participant’s incapacity due to physical or mental illness, including being Permanently
Disabled), after a written demand for substantial performance is delivered to the
Participant by the Chief Executive Officer of the Company (or if the Participant is the
Chief Executive Officer, the Chairman of the Compensation and Human Resources Committee of
the Board of Directors) that specifically identifies the manner in which the Chief Executive
Officer (or the Chairman) believes that the Participant has not substantially performed the
Participant’s duties, or

2

 

     (b) the Participant willfully engaging in conduct that is materially injurious to the
Company, monetarily or otherwise.

     For purposes of this Section 3.1, no act, or failure to act, on the Participant’s part will be
considered “willful” unless done, or omitted to be done, by the Participant not in good faith and
without reasonable belief that the Participant’s action or omission was in the best interest of the
Company. Notwithstanding the above, the Participant will not be deemed to have been terminated for
Cause unless and until the Participant has been given a copy of a Notice of Termination from the
Chief Executive Officer of the Company (or if the Participant is the Chief Executive Officer, the
Chairman of the Compensation and Human Resources Committee of the Board of Directors), after
reasonable notice to the Participant and an opportunity for the Participant, together with the
Participant’s counsel, to be heard before (i) the Chief Executive Officer, or (ii) if the
Participant is an elected officer of the Company, the Board of Directors of the Company, finding
that in the good faith opinion of the Chief Executive Officer, or, in the case of an elected
officer, finding that in the good faith opinion of two-thirds of the Board of Directors, the
Participant committed the conduct set forth above in clauses (a) or (b) of this Section 3.1, and
specifying the particulars of that finding in detail.

     3.2 Change in Control. “Change in Control” shall mean the occurrence of any one of
the following events during the period in which the Plan remains in effect:

     (a) Voting Stock Accumulations. The accumulation by any Person of Beneficial
Ownership of twenty percent (20%) or more of the combined voting power of the Company’s
Voting Stock; provided that for purposes of this paragraph (a), a Change in Control
will not be deemed to have occurred if the accumulation of twenty percent (20%) or more of
the voting power of the Company’s Voting Stock results from any acquisition of Voting Stock
(i) directly from the Company that is approved by the Incumbent Board, (ii) by the Company,
(iii) by any employee benefit plan (or related trust) sponsored or maintained by the Company
or any Subsidiary, or (iv) by any Person pursuant to a Business Combination that complies
with all of the provisions of clauses (i), (ii) and (iii) of paragraph (b) below;

     (b) Business Combinations. The consummation of a Business Combination, unless,
immediately following that Business Combination, (i) all or substantially all of the Persons
who were the beneficial owners of Voting Stock of the Company immediately prior to that
Business Combination beneficially own, directly or indirectly, more than sixty-six and
two-thirds percent (66 2/3%) of the then outstanding shares of common stock and the combined
voting power of the then outstanding voting securities entitled to vote generally in the
election of directors of the entity resulting from that Business Combination (including an
entity that as a result of that transaction owns the Company or all or substantially all of
the Company’s assets either directly or through one or more subsidiaries) in substantially
the same proportions relative to each other as their ownership, immediately prior to that
Business Combination, of the Voting Stock of the Company, (ii) no Person (other than the
Company, that entity resulting from that Business Combination, or any employee benefit plan
(or related trust) sponsored or maintained by the Company, any Eighty Percent (80%)
Subsidiary or that entity resulting from that Business Combination) beneficially owns,
directly or indirectly, twenty percent (20%) or more of the then outstanding shares of
common stock of the entity resulting from that Business Combination or the combined voting
power of the then outstanding

3

 

voting securities entitled to vote generally in the election of directors of that
entity, and (iii) at least a majority of the members of the Board of Directors of the entity
resulting from that Business Combination were members of the Incumbent Board at the time of
the action of the board providing for that Business Combination;

     (c) Sale of Assets. A sale or other disposition of all or substantially all of
the assets of the Company; or

     (d) Liquidations or Dissolutions. Approval by the shareholders of the Company
of a complete liquidation or dissolution of the Company, except pursuant to a Business
Combination that complies with all of the provisions of clauses (i), (ii) and (iii) of
paragraph (b) above.

For purposes of this Section 3.2, the following definitions will apply:

     “Beneficial Ownership” means beneficial ownership as that term is used in Rule 13d-3
promulgated under the Exchange Act.

     “Business Combination” means a reorganization, merger or consolidation of the Company.

     “Eighty Percent (80%) Subsidiary” means an entity in which the Company directly or
indirectly beneficially owns eighty percent (80%) or more of the outstanding Voting Stock.

     “Exchange Act” means the Securities Exchange Act of 1934, including amendments, or
successor statutes of similar intent.

     “Incumbent Board” means a Board of Directors at least a majority of whom consist of
individuals who either are (a) members of the Company’s Board of Directors as of the day
after the spinoff of the Company from Fidelity National Information Services, Inc. became
effective, or (b) members who became members of the Company’s Board of Directors subsequent
to such date whose election, or nomination for election by the Company’s shareholders, was
approved by a vote of at least two-thirds (2/3) of the directors then comprising the
Incumbent Board (either by a specific vote or by approval of the proxy statement of the
Company in which that person is named as a nominee for director, without objection to that
nomination), but excluding, for that purpose, any individual whose initial assumption of
office occurs as a result of an actual or threatened election contest (within the meaning of
Rule 14a-11 of the Exchange Act) with respect to the election or removal of directors or
other actual or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board of Directors.

     “Person” means any individual, entity or group (within the meaning of Section 13(d)(3)
or 14 (d)(2) of the Exchange Act).

     “Voting Stock” means the then outstanding securities of an entity entitled to vote
generally in the election of members of that entity’s Board of Directors.

4

 

     3.3 Claimant. “Claimant” shall have the meaning given to it in Section 4.1.

     3.4 Commencement Date. “Commencement Date” shall have the meaning given to it in
Section 2.1.

       3.5 Company. “Company” shall mean Lender Processing Services, Inc., and its
successor or successors.

     3.6 Competitive Activity. A Participant or former Participant shall be deemed to
engage in “Competitive Activity” if he or she:

     (a) directly or indirectly owns, operates, controls, participates in, performs services
for, or otherwise carries on, a business substantially similar to or competitive with the
business conducted by the Company or any Subsidiary (without limit to any particular region,
because Participant acknowledges that such business may be engaged in effectively from any
location in the United States or Canada); provided that nothing set forth in this
paragraph (a) will prohibit a Participant from owning not in excess of 5% of any class of
capital stock of any corporation if such stock is publicly traded and listed on any national
or regional stock exchange or on the Nasdaq Stock Market;

     (b) directly or indirectly attempts to persuade any employee or customer of the Company
or any Subsidiary to terminate such employment or business relationship in order to enter
into any such relationship on behalf of the Participant or any third party in competition
with the business conducted by the Company or any Subsidiary; or

     (c) directly or indirectly engages in any activity that is harmful to the interests of
the Company or any Subsidiary, as determined by the Compensation and Human Resources
Committee in its sole discretion, including the disclosure or misuse of any confidential
information or trade secrets of the Company or a Subsidiary.

     3.7 Executive Officer. “Executive Officer” shall mean an officer of the Company who
the Plan Administrator determines, in an exercise of the Plan Administrator’s discretion, to be an
executive officer within the meaning of the Sarbanes-Oxley Act of 2002.

     3.8 Good Reason. “Good Reason” shall mean a termination by the Participant of the
Participant’s employment within the period of time beginning six (6) months prior to a Change in
Control and ending on the third anniversary of such Change in Control and based on:

     (a) The assignment to the Participant of duties inconsistent with the Participant’s
position and status with the Company as they existed immediately prior to the Change in
Control, or a substantial change in the Participant’s title, offices or authority, or in the
nature of the Participant’s responsibilities, as they existed immediately prior to the
Change in Control, except in connection with the termination of the Participant’s employment
by the Company for Cause, by the Participant other than for Good Reason or as a result of
death;

5

 

     (b) A reduction by the Company in the Participant’s base salary as in effect on the
Commencement Date or as the Participant’s salary may be increased from time to time;

     (c) A failure by the Company to continue the Company’s incentive compensation plan(s),
as it may be modified from time to time, substantially in the form in effect immediately
prior to a Change in Control (the “Incentive Plan”), or a failure by the Company to continue
the Participant as a participant in the Incentive Plan on at least the basis of the
Participant’s participation immediately prior to a Change in Control, or to pay the
Participant the amounts that the Participant would be entitled to receive in accordance with
the terms of the Incentive Plan (as in effect immediately prior to the Change in Control);

     (d) The Company requiring the Participant to be based more than thirty-five (35) miles
from the location where the Participant is based prior to the Change in Control, except for
required travel on Company business to an extent substantially consistent with the
Participant’s business travel obligations immediately prior to the Change in Control; or if
the Participant consents to the relocation, the failure by the Company to pay (or reimburse
the Participant for) all reasonable moving expenses incurred by the Participant or to
indemnify the Participant against any loss realized on the sale of the Participant’s
principal residence in connection with the relocation;

     (e) The failure by the Company to continue in effect any retirement plan, compensation
plan, performance share plan, stock option plan, life insurance plan, health and accident
plan, disability plan or another benefit plan in which the Participant is participating
immediately prior to a Change in Control (except that the Company may cancel any such plans
without triggering this paragraph (e), if it provides the Participant with substantially
similar benefits under another plan), the taking of any action by the Company that would
adversely affect the Participant’s participation or materially reduce the Participant’s
benefits under any such plans or deprive the Participant of any material fringe benefit
enjoyed by the Participant immediately prior to a Change in Control, or the failure by the
Company to provide the Participant with the number of paid vacation days to which the
Participant is then entitled in accordance with the Company’s normal vacation practices in
effect immediately prior to a Change in Control; or

     (f) Any purported termination not effected pursuant to a Notice of Termination shall
not be valid for purposes of this Plan.

     3.9 Insurance Company. “Insurance Company” shall mean Pacific Life Insurance Company,
or any other commercial insurance company, or such successor or successors thereof, that have
issued or shall issue life insurance policies on the lives of the Participants with respect to the
Plan.

     3.10 Notice of Termination. A “Notice of Termination” shall mean a written notice
that indicates the specific provision in the definition of Cause relied upon as the basis for the
Participant’s termination of employment and setting forth in reasonable detail the facts and
circumstances claimed to provide a basis for the termination of Participant’s employment under the
provision so indicated.

6

 

     3.11 Participant. “Participant” shall mean those specified executives of the Company
or any affiliate who have been designated by the Plan Administrator as eligible to participate
herein (or who are transferred from the FIS Plan under Section 2.3), who have completed all
enrollment documents as specified in Section 2.1 and who remain so qualified.

     3.12 Participant Agreements. “Participant Agreements” shall have the meaning given to
it in Section 2.1.

     3.13 Permanently Disabled. “Permanently Disabled” shall mean the Participant
suffering a sickness, accident or injury, which in the determination of the Plan Administrator
would entitle the Participant to disability benefits under either social security or the Company’s
long-term disability plan. The Company reserves the right to require the Participant to first
qualify for disability benefits under either social security or the Company’s long-term disability
plan before determining whether such Participant is Permanently Disabled for purposes of this Plan.

     3.14 Plan. “Plan” shall mean this Executive Life and Supplemental Retirement Benefit
Plan, as amended and restated from time to time.

     3.15 Plan Administrator. “Plan Administrator” shall mean the Board of Directors of
the Company, or its designee or designees. The Plan Administrator shall be the named fiduciary
under the Plan.

     3.16 Policy. “Policy” shall have the meaning given to it in Article I.

     3.17 Retirement. “Retirement” shall mean a Participant’s termination of employment
with the Company and all affiliates after (a) attaining age 65, (b) attaining age 55 and five years
of service with the “LPS Group” or (c) attaining age 50 and the Participant’s age plus his or her
years of service with the “LPS Group” equals at least 75. “LPS Group” means the Company, any
related company that is required to be aggregated with the Company under Code Section 414(b) or
(c), and any predecessor to the Company, including Fidelity National Information Services, Inc. and
Certegy Inc.

     3.18 Subsidiary. “Subsidiary” shall mean an entity more than fifty percent (50%) of
whose equity interests are owned directly or indirectly by the Company.

     3.19 Trustee in Interest. “Trustee in Interest” shall mean (i) a trustee of any trust
that is an assignee of the Participant’s rights in a Policy or a beneficiary of a Policy, or (ii) a
trustee or other person to whom the Participant has assigned the right to name the beneficiary
under a Policy.

Article IV — Claims Procedures

     4.1 Claims and Review Procedures. The claims procedures contained in this Article IV
shall apply for all purposes of this Plan and the benefits provided herein and through the
Participant Agreements. The claims procedure in Section 4.2 below shall be followed with respect
to benefits provided by the Insurance Company under the terms of the Policies. The

7

 

claims procedures in Section 4.3 below shall be followed with respect to benefits provided directly
by the Company. The Participant and his or her heirs, successors, beneficiaries and personal
representatives (individually or collectively, a “Claimant”) must follow both procedures, if
necessary.

     4.2 Filing a Claim for Insurance Benefits. A Claimant shall make a claim for death
benefits provided by the Insurance Company by submitting a written claim and proof of claim to the
Insurance Company in accordance with procedures and guidelines established from time to time by the
Insurance Company. On written request, the Plan Administrator shall provide copies of any claim
forms or instructions, or advise the Claimant how to obtain such forms or instructions. The
Insurance Company shall decide whether the claim for death benefits shall be allowed. If a claim
is denied in whole or in part, the Insurance Company shall notify the Claimant and explain the
procedure for reviewing a denied claim.

     4.3 Filing a Claim with the Company.

               (a) Initial Procedures. If a Claimant does not receive the Company benefits under
this Plan to which the Claimant believes he or she is entitled, the Claimant must file a written
claim for benefits in accordance with the terms of this Article. Not later than ninety (90) days
after receipt of such a claim, the Plan Administrator shall render a written decision on the claim
to the Claimant, unless special circumstances require the extension of such ninety (90) day period.
If such extension is necessary, the Plan Administrator shall provide the Claimant with written
notification of such extension before the expiration of the initial ninety (90) day period. Such
notice shall specify the reason or reasons for such extension and the date by which a final
decision can be expected. In no event shall such extension exceed a period of an additional ninety
(90) days from the end of the initial ninety (90) day period.

               (b) Claim Denial. In the event the Plan Administrator denies the claim of a Claimant
in whole or in part, the Plan Administrator’s written notification shall specify, in a manner
calculated to be understood by the Claimant, (a) the reason for the denial, (b) a reference to the
Plan or other document or form that is the basis for the denial, (c) a description of any
additional material or information necessary for the Claimant to perfect the claim, (d) an
explanation as to why such information or material is necessary, and (e) an explanation of the
applicable claims procedure.

               (c) Subsequent Claim Review. If the claim is denied in whole or in part and should
the Claimant be dissatisfied with the Plan Administrator’s disposition of the Claimant’s claim, the
Claimant may have a full and fair review of the claim by the designated committee of the Board of
Directors of the Company (the “Committee”) upon written request. Such request for additional
review of the claim must be submitted by the Claimant or the Claimant’s duly authorized
representative and received by the Committee within sixty (60) days after the Claimant receives
written notification that the Claimant’s claim has been denied by the Plan Administrator. In
connection with such review, the Claimant or the Claimant’s duly authorized representative shall be
entitled to review pertinent documents and submit the Claimant’s views as to the issues, in
writing. The Committee shall act to deny or accept the claim within sixty (60) days after receipt
of the Claimant’s written request for review, unless extended. If such extension is necessary, the
Committee shall provide the Claimant with written notification of

8

 

such extension before the expiration of the initial sixty (60) day period. Such notice shall
specify the reason or reasons for such extension and the date by which a final decision can be
expected. In no event shall such extension exceed a period of an additional sixty (60) days from
the end of the initial sixty (60) day period. The action of the Company shall be in the form of a
written notice to the Claimant and its contents shall include all of the requirements for action on
the original claim. In no event may a Claimant commence legal action for benefits the Claimant
believes are due until the Claimant has exhausted all of the remedies and procedures afforded the
Claimant by this Article.

               (d) Satisfaction of Claim. Any payment made to a Claimant may be made pursuant to a
requirement that the Claimant execute a receipt and release therefore in such form as shall be
determined by the Plan Administrator, and any payment or other distribution to a Claimant may be
delayed until the Plan Administrator receives a properly executed receipt and release.

Article V — Amendment and Termination

     5.1 Amendment. The Company reserves the right to amend this Plan at any time by
action of the Company’s Board of Directors. The Company, however, may not make any amendment that
changes the definition of “Change in Control” or “Good Reason” after a Change in Control has
occurred with respect to such Change in Control or otherwise adversely affect the rights of a
Participant without the Participant’s written consent to the application of the amendment to such
Participant.

     5.2 Termination. The Company reserves the right to terminate this Plan, by action of
the Company’s Board of Directors, at any time it deems appropriate. Upon termination of the Plan,
no further Policy premium payments shall be made by the Company and the rights of Participants with
respect to their Policies shall be as set forth in their respective Split-dollar Life Insurance
Agreements. Except as expressly provided in this Plan, the Company shall not have any further
financial obligations to any Participant after the termination of this Plan. The Company shall
provide written notice to all Participants if the Plan is terminated. Notwithstanding the
preceding provisions of this Section 5.2, in the event of a Change in Control, the Company shall
not be able to reduce a Participant’s rights pursuant to this Section 5.2 to an extent that exceeds
its ability to reduce the Participant’s rights under Section 5.1.

Article VI — Administration

     6.1 Plan Administrator. The Plan shall be administered by the Plan Administrator, who
shall establish operating guidelines from time to time for purposes of the administration of the
Plan.

     6.2 Powers and Duties of the Plan Administrator. Subject to the express terms and
conditions set forth herein, the Plan Administrator shall have the power to perform any and all
actions, determinations and interpretations related to the administration of the Plan, including
the power from time to time:

9

 

     (a) to carry out the general administration of the Plan;

     (b) to cause to be prepared all forms necessary or appropriate for the administration
of the Plan;

     (c) to keep appropriate books and records;

     (d) to determine, consistent with the provisions of this instrument all questions of
eligibility, rights, and status of Participants under the Plan;

     (e) to issue, amend, and rescind rules relating to the administration of the Plan, to
the extent those rules are consistent with the provisions of this instrument;

     (f) to establish uniform rules that shall govern when a Participant shall be
continuously employed by the Company and/or an affiliate despite such Participant’s leave of
absence;

     (g) to exercise all other powers and duties specifically conferred upon the Committee
elsewhere in this instrument; and

     (h) to interpret, with discretionary authority, the provisions of this Plan and to
resolve, with discretionary authority, all disputed questions of Plan interpretation and
benefit eligibility, provided that such discretionary authority shall not apply following a
Change in Control with respect to a benefit claim by (or with respect to) an individual who
was a Participant at the time of the Change in Control, unless the Participant consents in
writing.

     6.3 Plan Expenses. Expenses of Plan administration shall be paid by the Company.

     6.4 Administration. The Committee shall be entitled to rely on all tables,
valuations, certificates, opinions, data and reports furnished by any actuary, accountant,
controller, counsel or other person employed or retained by the Company with respect to the Plan.
The Plan Administrator shall serve without bond and without compensation for services hereunder.

     6.5 Payment of Benefits. With respect to the discretion of the Plan Administrator and
the standard of review applicable to benefit determinations, benefits under this Plan will be paid
only if the Plan Administrator or the Company decides in its discretion that the Participant or
Claimant is entitled to them, provided that such discretion shall not apply following a Change in
Control with respect to a benefit claim by (or with respect to) an individual who was a Participant
at the time of the Change in Control, unless the Participant consents in writing.

     6.6 Plan Taxes. If the whole or any part of a Participant’s Policy (or the cash
surrender value thereof) becomes subject to any estate, inheritance, income, employment or other
tax which the Company may be required to pay or withhold for or on behalf of the Participant, the
Company shall have the full power and authority to withhold and pay such tax out of any moneys or
other property in its hand for the benefit of the Participant. To the extent practicable,

10

 

the Company shall provide the Participant notice of such withholding. Prior to making any payment,
the Company may require such releases or other documents from any lawful taxing authority as it
shall deem necessary.

     6.7 Creditor Status. Any funds or assets earmarked or otherwise set aside by the
Company or invested in any trust established with respect to the Plan shall continue for all
purposes to be part of the general assets of the Company and available to its general creditors in
the event of bankruptcy or insolvency. A Participant’s benefits which may be payable pursuant to
this Plan are not subject in any manner to anticipation, sale, alienation, transfer, assignment,
pledge, encumbrance, charge, attachment, or garnishment by a Participant, a Participant’s
beneficiary, or the creditors of either. The Plan constitutes a mere promise by the Company to
make benefit payments in the future, and Participants shall have no rights greater than those of
unsecured general creditors of the Company. No interest or right to receive a benefit may be
taken, either voluntarily or involuntarily, for the satisfaction of the debts of, or other
obligations or claims against, a Participant, a Participant’s beneficiary, or any other person or
entity, including claims for alimony, support, separate maintenance and claims in bankruptcy
proceedings.

Article VII — Miscellaneous

     7.1 Employment Effects. Nothing contained in this Plan or any action taken under the
Plan shall be construed as a contract of employment or as giving any Participant any right to be
retained in employment with the Company or its affiliates. The Company and its affiliates
specifically reserve the right to terminate any Participant’s employment at any time with or
without cause, and with or without notice or assigning a reason, subject to the terms of any
written employment agreement between the Participant and the Company or any affiliate.

     7.2 Liability and Indemnification. The Company shall indemnify, to the fullest extent
permitted by law, the Plan Administrator and directors, officers and employees of the Company and
its affiliates, both past and present, to whom are or were delegated duties, responsibilities or
authority with respect to the Plan, against any and all claims, losses, liabilities, fines,
penalties and expenses (including, but not limited to, all legal fees relating thereto), reasonably
incurred by or imposed upon such persons, arising out of any act or omission in connection with the
operation and administration of the Plan, other than willful misconduct.

     7.3 Waiver of Breach. The Company’s or the Plan Administrator’s waiver of any Plan or
Participant Agreement provision shall not operate or be construed as a waiver of any subsequent
breach by a Participant.

     7.4 Gender, Number and Examples. Except where otherwise indicated by the context, in
this Plan, the singular or plural number and the masculine, feminine or neuter gender shall be
deemed to include the other. Whenever an example is provided or the text uses the term “including”
followed by a specific item or items, or there is a passage having a similar effect, such passage
of the Plan shall be construed as if the phrase “without limitation” followed such example or term
(or otherwise applied to such passage in a manner that avoids limitation on its breadth of
application).

11

 

     7.5 Severability. In the event any provision of the Plan shall be held illegal or
invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the
Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not
been included.

     7.6 Successors. All obligations and rights of the Company under the Plan shall be
binding on and inure to the benefit of any successor to the Company, whether the existence of such
successor is the result of a direct or indirect purchase, merger, acquisition, consolidation,
affiliation or other corporate restructuring.

     7.7 Tax Effects. The Company makes no promise, guarantee or warranty, express or
implied, concerning the federal, state or local income or employment tax treatment of any amount of
benefits (including the cash surrender value of any Policy) that may be paid to or accrued for the
benefit of a Participant.

     7.8 Benefits Provided Through Insurance. Although the Company, Participants and third
parties may coordinate together in obtaining life insurance coverage on the life of the
Participant, the Company is not responsible for paying any life insurance benefits which are not
paid by the Insurance Company, including whether such nonpayment is caused by refusal of the
Insurance Company to pay by virtue of a legal reason for nonpayment, inability of the Insurance
Company to pay, or any other reason.

     7.9 Applicable Law. All questions pertaining to the construction, validity and effect
of the Plan shall be determined in accordance with the laws of the United States and to the extent
not preempted by such laws, by the laws of the State of Florida.

     7.10 Effect on Other Company Benefits. The benefits provided by this Plan shall
replace the Participant’s benefits provided by the Company to its employees under the basic life
insurance, basic accidental death and dismemberment insurance and its retiree life insurance plans,
and after becoming a Plan Participant, the Participant shall no longer be eligible to participate
in such plans. However, Plan Participants shall remain eligible to participate in any other
benefit plan of the Company as provided in such plans, including supplemental life and supplemental
accidental death and dismemberment insurance.

     7.11 Participating Employers. With the consent of the Company, any member of the
Company’s Controlled Group may become a participating employer under this Plan and adopt the Plan
for the benefit of Plan Participants who are employed by such participating employer. As used in
this Section, the term “Controlled Group” shall mean any entity that is required to be aggregated
with the Company pursuant to Code Section 414(b) or (c). An entity shall only be part of the
Controlled Group for that period of time in which the entity satisfies the requirements of the
previous sentence.

12

 

     IN WITNESS WHEREOF, the Company has executed this Plan effective as of July 8, 2008.

     LENDER PROCESSING SERVICES, INC.

	 	 	 	 	 
	 	 	 
	 	By:  	
/s/ M. P. Oates	 
	 	 	Name:  	M. P. Oates	 
	 	 	Title:  	Senior Vice President, Human Resources	 
	 

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