Document:

Form of Nonqualified Stock Option Award Agreement

 Exhibit 10.23 
 The Western Union Company 2006 Long-Term Incentive Plan 
 Nonqualified Stock Option Grant —
Terms and Conditions 
  

	1.	These Terms and Conditions form part of your Stock Option Agreement (the “Agreement”) in connection with the grant of a Nonqualified Stock Option (“Stock
Option”) under The Western Union Company 2006 Long-Term Incentive Plan (the “Plan”). A copy of the Plan is enclosed for your convenience. The terms of the Plan are hereby incorporated in this Agreement by reference and made a part
hereof. Any capitalized terms used in this Agreement that are not defined herein shall have the meaning set forth in the Plan. 

  

	2.	The number of common shares of The Western Union Company (the “Company”) subject to the Stock Option and the option exercise price are specified in the attached Award
Notice (which forms part of the Agreement) and are subject to adjustment as described in Paragraph 7 below. 

  

	3.	Subject to other provisions of this Agreement and the terms of the Plan, you will “vest” in, or have the right to exercise, this Stock Option as follows:

  

	 	(a)	On or after the first anniversary and until the tenth anniversary of the grant date, you may exercise this Stock Option for up to one-fourth (25%) of the total number of shares
covered hereby; 

  

	 	(b)	On or after the second anniversary and until the tenth anniversary of the grant date, you may exercise this Stock Option for up to one-half (50%) of the total number of shares
covered hereby; 

  

	 	(c)	On or after the third anniversary and until the tenth anniversary of the grant date, you may exercise this Stock Option for up to three-fourths (75%) of the total number of
shares covered hereby; 

  

	 	(d)	On or after the fourth anniversary and until the tenth anniversary of the grant date, you may exercise this Stock Option with respect to the total number of shares covered hereby.

  

	 	(e)	No part of this Stock Option may be exercised after the tenth anniversary of the grant date listed in the attached document. 

 Notwithstanding any other provision of the Plan or this Agreement, to exercise your Stock Option, you must execute and return to the Company an updated
restrictive covenant agreement if requested by the Company containing certain noncompete, nonsolicitation and/or nondisclosure provisions. 
  

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	4.	This Stock Option may not be exercised unless the following conditions are met: 

  

	 	(a)	Legal counsel for the Company must be satisfied at the time of exercise that the issuance of shares upon exercise will comply with applicable U.S. federal, state, local and foreign
laws. 

  

	 	(b)	You pay the exercise price as follows: (i) by giving notice to the Company of the number of whole shares of Common Stock to be purchased and by making payment therefor in full
(or arranging for such payment to the Company’s satisfaction) either (A) in cash, (B) by delivery (either actual delivery or by attestation procedures established by the Company) of Mature Shares having an aggregate Fair Market Value,
determined as of the date of exercise, equal to the aggregate purchase price payable by reason of such exercise, (C) except as may be prohibited by applicable law, in cash by a broker-dealer acceptable to the Company and to which you have
submitted an irrevocable notice of exercise (i.e., also known as “cashless exercise”) or (D) by a combination of (A) and (B) and (ii) by executing such documents as the Company may reasonably request.

  

	 	(c)	You must, at all times during the period beginning with the grant date of this Stock Option and ending on the date of such exercise, have been employed by the Company, a Subsidiary
or an Affiliate or have been engaged in a period of Related Employment, with certain exceptions noted below. Service on the Board after receipt of a Stock Option shall not be considered a termination of employment. 

  

	 	(d)	You have executed and returned to the Company a restrictive covenant agreement containing certain noncompete, nonsolicitation and/or nondisclosure provisions. While a court may
sever any provision in the restrictive covenant agreement, you agree by executing the restrictive covenant agreement that the Company will be relieved of its obligations under this Agreement with respect to current and future stock option awards if
you do not abide by the restrictive covenant agreement as written. 

  

	5.	Absent a period of Related Employment or service on the Board subsequent to the grant date, if you terminate employment or cease providing services while holding Stock Options, your
right to exercise those Stock Options and the time period during which you may exercise the Stock Options depends on the reason for your termination. 

  

	 	(a)	Certain Terminations of Employment. 

  

	 	(i)	 February 2008 Termination Election. If your employment with or service to the Company, a Subsidiary or an Affiliate is terminated effective
November 30, 2008 (a “November 30, 2008 Termination”) in accordance with the provisions of subsection 4(a) of the Employment Agreement entered into as of September 30, 2006 between Western Union LLC, the Company and you (the
“Employment Agreement”), the Stock Option covered by this Agreement shall fully vest and become exercisable on March 1, 2008 and will be exercisable until February 28, 2009, subject to the provisions of Code §409A and
subject to your not having been terminated for “Cause” (as defined in the Employment Agreement”), death, “Disability” (as defined in the Employment Agreement), or in connection with a Change in Control, 

  

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between the “February 2008 Termination Election” (as defined in the Employment Agreement) and November 30, 2008, and further subject to
your execution of an Agreement and Release in accordance with the provisions of the Employment Agreement. If you fail to execute an Agreement and Release as required by the Employment Agreement, the Stock Option shall not be exercisable and shall be
terminated and canceled by the Company. If your employment terminates for Cause or on account of death or Disability, the Stock Option shall vest and become exercisable, or terminate, as the case may be, in accordance with the provisions of
subsection 5(b) below. 

  

	 	(ii)	Resignation for Good Reason or No Cause Termination. If your employment with or service to the Company, a Subsidiary or an Affiliate is terminated in accordance with
subsection 4(b) of the Employment Agreement, the Stock Option covered by this Agreement shall vest and become exercisable on the date of your termination of employment and will be exercisable for three months following your termination date, subject
to the provisions of Code §409A and subject to your not having previously been terminated for “Cause” (as defined in the Employment Agreement), death, “Disability” (as defined in the Employment Agreement), or in
connection with a Change in Control, and further subject to your execution of an Agreement and Release in accordance with the provisions of Section 4 of the Employment Agreement. If you fail to execute an Agreement and Release as required by
the Employment Agreement, the Stock Option shall not be exercisable and shall be terminated and canceled by the Company. If your employment terminates for Cause or on account of death or Disability, the Stock Option shall vest and become
exercisable, or terminate, as the case may be, in accordance with the provisions of subsection 5(b) below. 

  

	 	(b)	Employment Terminations Other Than Pursuant to Subsections 4(a) and (b) of the Employment Agreement. If your employment with or service to the Company, a Subsidiary or
an Affiliate terminates for any reason other than a reason specified in subsections 4(a)(i), (b)(i) or (b)(ii) of the Employment Agreement, your Stock Option will vest and be exercisable in accordance with the following subsections, depending upon
the reason for the termination of your employment. 

  

	 	(i)	Disability. If your employment with or service to the Company, a Subsidiary or an Affiliate terminates by reason of Disability, each Stock Option shall become fully vested
and exercisable and may thereafter be exercised by you (or your legal representative or similar person) until the date which is one year after the effective date of your termination of employment or service, or if earlier, the expiration date of the
term of such Stock Option. 

  

	 	(ii)	 Retirement. If your employment with or service to the Company, a Subsidiary or an Affiliate terminates by reason of Retirement, each Stock Option shall
continue to vest in accordance with its terms, and to the extent vested, may thereafter be exercised by you (or your legal representative or 

  

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similar person) until the date which is four years after the effective date of your termination of employment or service, or if earlier, the expiration date
of the term of such Stock Option. In administering the Plan, the Committee reserves the right to treat your termination of employment due to Retirement the same as “Other Termination” (as defined in this Agreement) in the event that
application of the immediately preceding sentence would be deemed to be impermissible age discrimination under local law, as determined in the sole discretion of the Committee. 

  

	 	(iii)	Death. If your employment with or service to the Company, a Subsidiary or an Affiliate terminates by reason of death, each Stock Option shall become fully vested and
exercisable and may thereafter be exercised by your executor, administrator, legal representative, beneficiary or similar person until the date which is one year after the date of death, or if earlier, the expiration date of the term of such Stock
Option. 

  

	 	(iv)	Involuntary Termination Without Cause. If your employment with or service to the Company, a Subsidiary or an Affiliate is terminated involuntarily and without Cause and you
are an eligible participant in the Severance/Change in Control Policy applicable to members of the Company’s Executive Committee, each Stock Option shall continue to vest in accordance with its terms, and to the extent vested, may thereafter be
exercised by you (or your legal representative or similar person) until the end of your severance period under such Policy or, if earlier, the expiration date of the term of such Stock Option. 

  

	 	(v)	Termination for Cause. If your employment with or service to the Company, a Subsidiary or an Affiliate is terminated for Cause, each Stock Option shall cease to vest, and to
the extent already vested, may thereafter be exercised by you (or your legal representative or similar person) until the close of the New York Stock Exchange (if open) on the date of your termination of employment or service. If the New York Stock
Exchange is closed at the time of your termination of employment, such Stock Option shall be forfeited at the time your employment is terminated and shall be canceled by the Company. 

  

	 	(vi)	 Other Termination. If your employment with or service to the Company, a Subsidiary or an Affiliate terminates for any reason other than Disability,
Retirement, death, involuntary termination without Cause or termination for Cause, each Stock Option shall cease to vest, and to the extent already vested, may thereafter be exercised by you (or your legal representative or similar person) until the
close of the New York Stock Exchange (if open) on the date which is the thirtieth (30th) day following your
termination of employment or service, or if earlier, the expiration date of the term of such Stock Option. If the New York Stock Exchange is closed on the thirtieth day following your termination of employment or service, then your unexpired Stock
Option may be exercised until the close of the New York Stock Exchange on the next 

  

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following day on which the New York Stock Exchange is open, after which time all unexercised Stock Options shall be forfeited and canceled by the Company.

  

	 	(vii)	Death Following Termination of Employment or Service. If you die during the applicable Post-Termination Exercise Period, each Stock Option will be exercisable only to the
extent that such Stock Option is exercisable on the date of your death and may thereafter be exercised by your executor, administrator, legal representative, beneficiary or similar person until the date which is one year after the date of death, or
if earlier, the expiration date of the term of such Stock Option. 

  

	6.	So long as you continue employment with or service to the Company, you may transfer Stock Options to a Family Member or Family Entity without consideration; provided, however, in
the case of a transfer of Stock Options to a limited liability company or a partnership which is a Family Entity, such transfer may be for consideration consisting solely of an entity interest in the limited liability company or partnership to which
the transfer is made. Any transfer of Stock Options shall be in a form acceptable to the Committee, shall be signed by you and shall be effective only upon written acknowledgement by the Committee of its receipt and acceptance of such notice. If a
Stock Option is transferred to a Family Member or Family Entity, the Stock Option may not thereafter be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by such Family Member or Family Entity except by will or the laws of
descent and distribution. 

  

	7.	The Committee shall adjust your Stock Option award in the event of a stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of
shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Common Stock other than a regular cash dividend, provided, however, that any such adjustment shall comply with the requirements of
Code §409A. 

  

	8.	In the event of a Change in Control, each outstanding Stock Option granted to you under the Plan shall immediately become fully vested and exercisable. If you are an eligible
participant in the Severance/Change in Control Policy applicable to members of the Company’s Executive Committee at the time of a Change in Control and your employment with or service to the Company, a Subsidiary or an Affiliate is terminated
involuntarily and without Cause or terminated by you for “good reason” (as defined in such Policy) during the 24 months beginning on the effective date of the Change in Control, then each Stock Option granted to you may be exercised by you
(or your legal representative or similar person) until the end of your severance period under such Policy or, if earlier, the expiration date of the term of such Stock Option. 

  

	9.	The Board or Committee may amend or terminate the Plan and may amend (or their delegate may amend) these Terms and Conditions. No amendment may impair your rights as an option
holder without your consent. The determination of such impairment shall be made by the Committee in its sole discretion. 

  

	10.	 The Committee (or its delegate) administers the Plan and has discretion to interpret the Plan and this Agreement. Any decision or interpretation rendered by the
Committee or its 

  

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delegate shall be final, conclusive and binding on you and all persons claiming under or through you. By accepting this grant or other benefit under the
Plan, you and each person claiming under or through you shall be conclusively deemed to have indicated acceptance and ratification of, and consent to, any action taken under the Plan by the Committee or its delegate. 

  

	11.	The validity, construction, interpretation, administration and effect of the Plan and this Agreement shall be governed by the substantive laws, but not the choice of law rules, of
the State of Delaware. 

  

 6Form of Restricted Stock Award Agreement

 Exhibit 10.24 
 THE WESTERN UNION COMPANY 
 RESTRICTED STOCK AWARD AGREEMENT — TERMS AND CONDITIONS

 1. Pursuant to The Western Union Company 2006 Long-Term Incentive Plan (the “Plan”), The Western Union Company (the “Company”)
hereby grants to you (the “Executive”) as of the grant date specified on your Restricted Stock Award Notice (which forms part of this Agreement) (the “Grant Date”), the number of shares of the Company’s common stock
specified on the Restricted Stock Award Notice (the “Shares”), subject to the conditions and restrictions set forth in this Agreement. The number of Shares may be adjusted pursuant to paragraph 9 below. 
 2. The terms of the Plan are hereby incorporated in this Agreement by reference and made a part hereof. Any capitalized terms used within this Agreement that are not
defined herein shall have the meaning set forth in the Plan. 
 3. Subject to the other provisions of this Agreement and the terms of the Plan, on and after
the third anniversary of the Grant Date, all restrictions on Executive’s ownership and control of all (100%) the Shares shall lapse and Executive may hold, assign, pledge, sell, or transfer all of the Shares in Executive’s discretion.
Subject to the other provisions of this Agreement and the terms of the Plan, no Shares shall vest prior to the third anniversary of the Grant Date. 
 Notwithstanding any other provision of the Plan or this Agreement, in order for the restrictions on this award to lapse, you must execute and return to the Company an updated, lawful restrictive covenant agreement if requested by the
Company prior to vesting. Failure to execute such an agreement prior to vesting will cause the Shares subject to your Award to continue to be subject to restrictions on ownership and control. 
 4. The Company may, in its sole direction, withhold and/or sell Shares at such times and in such amounts without order or instruction from the Executive as may be
necessary in the Company’s judgment to cover taxes, withholding obligations, securities fees, or other costs, charges, or fees associated with the grant, vesting, transfer, or other aspects of the Shares. Executive unconditionally consents
to and approves all such actions taken by the Company. Executive (or any beneficiary or person entitled to act) shall provide the Company with any forms, documents or other information reasonably required by the Company. 
 5. Other than as provided in Paragraph 3 above, the Shares may not be sold, assigned, transferred, pledged, or otherwise disposed of, except by will or the laws of
descent and distribution, or otherwise as provided by the Plan. If Executive or anyone claiming under or through Executive attempts to make any such sale, transfer, assignment, pledge or other disposition of Shares in violation of this Paragraph 5,
such attempted violation shall be null, void, and without effect. 
 6. Executive will forfeit Executive’s right to the Shares if Executive’s
continuous employment with the Company, a Subsidiary or an Affiliate (as such terms are defined in the Plan) terminates for any reason (except solely by reason of a period of Related Employment, as defined in the Plan, or as set forth in paragraph
7) before the restrictions applicable to those Shares have lapsed. 
  

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 7. 
 (a) If
Executive’s employment with or service to the Company, a Subsidiary or an Affiliate is terminated effective November 30, 2008 (a “November 30, 2008 Termination”) in accordance with the provisions of subsection 4(a) of the
Employment Agreement entered into as of September 30, 2006 between Western Union LLC, the Company and the Executive (the “Employment Agreement”), all of the Shares covered by this Agreement shall vest on March 1, 2008, subject to
Executive not having been terminated for “Cause” (as defined in the Employment Agreement), death, “Disability” (as defined in the Employment Agreement), or in connection with a Change in Control between the
“February 2008 Termination Election” (as defined in the Employment Agreement) and November 30, 2008, and further subject to the Executive’s execution of an Agreement and Release in accordance with the provisions of the
Employment Agreement. If Executive’s employment is terminated for Cause or on account of death or Disability between the February 2008 Termination Election and November 30, 2008, or if Executive fails to execute an Agreement and
Release as required by the Employment Agreement, all of the Shares shall be forfeited. 
 (b) If Executive’s employment with or service
to the Company, a Subsidiary or an Affiliate is terminated in accordance with subsection 4(b) of the Employment Agreement, all of the Shares covered by this Agreement shall vest on the date of the Executive’s termination of employment, subject
to Executive not having previously been terminated for “Cause” (as defined in the Employment Agreement), death, “Disability” (as defined in the Employment Agreement), or in connection with a Change in Control, and further subject
to the Executive’s execution of an Agreement and Release in accordance with the provisions of Section 4 of the Employment Agreement. If Executive fails to execute an Agreement and Release as required by the Employment Agreement, all of the
Shares shall be forfeited. 
 (c) If Executive dies or becomes disabled (as defined in the Plan) during a period of continuous employment
with the Company, a Subsidiary or an Affiliate and during the restricted period, and if such death or disability is not subject to the provisions of subsection 7(a), Executive shall immediately vest as of the date of such termination of employment
in any then-restricted Shares. Executive shall not vest in any then-restricted Shares by reason of Retirement (as defined in the Plan). 
 8. Before the
restrictions applicable to the Shares have lapsed, Executive (and any person succeeding to Executive’s rights pursuant to the Plan) will have ownership of the Shares, including the right to vote the Shares and to receive dividends or other
distributions made or paid with respect to such Shares. Regular cash dividends made or paid with respect to the Shares shall accrue during the restricted period set forth in this Agreement and be paid in cash upon lapse of the restrictions;
provided, however, that if the Company adopts a shareholder-wide dividend reinvestment program during the restricted period, the Committee may direct that dividends which are made or paid with respect to the Shares after the date of adoption of such
program be replaced with additional Restricted Stock Awards with a Fair Market Value equal to such dividends and which shall be subject to the same terms as this Agreement (in lieu of crediting Executive with any fractional Shares, the Company may
direct that amounts equal to the fair market value of any such fractional Shares accrue during the restricted period and be paid 

  

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in cash upon lapse of the restrictions). The indicia of ownership of the Shares issued to Executive in this Award shall be held by the Company or its
authorized representative during the period restrictions apply to the Shares. The Company may require Executive to provide a stock power or other instrument of assignment (including a power of attorney) endorsed in blank, with a guarantee of
signature if deemed necessary or appropriate by the Company, which would permit transfer to the Company of all or a portion of the Shares in the event such Shares are forfeited in whole or in part. Unless Executive’s right to the Shares has
been forfeited, the Shares will be released to Executive (or to any person succeeding to Executive’s rights pursuant to the Plan) at the time the restrictions on the Shares lapse. 
 9. In the event of any change in the outstanding shares of the Company by reason of any stock split, stock dividend, spin-off, recapitalization, merger, consolidation, reorganization, combination or exchange of
shares, distribution to shareholders other than a regular cash dividend, or other similar change in capitalization or event occurring after the Grant Date but while any Shares remain restricted that affects the value of the Shares, the number of
Shares shall be adjusted by the Company to reflect the occurrence of such event. 
 10. In the event of a Change in Control (as defined in the Plan), any
remaining restrictions applicable to the Shares shall immediately lapse. 
 11. The terms of this Agreement may be amended from time to time by the Committee
in its sole discretion in any manner that it deems appropriate; provided, however, that no such amendment shall adversely affect in a material manner any right of Executive under this Agreement without Executive’s written consent. 

12. Any action taken or decision made by the Company, the Board, or the Committee or its delegates arising out of or in connection with the construction,
administration, interpretation or effect of the Plan or this Agreement shall lie within its sole and absolute discretion, as the case may be, and shall be final, conclusive and binding on Executive and all persons claiming under or through
Executive. By accepting this grant of Shares or other benefit under the Plan, Executive and each person claiming under or through Executive shall be conclusively deemed to have indicated acceptance and ratification of, and consent to, any action
taken under the Plan by the Company, the Board or the Committee or its delegates. 
 13. This grant of restricted Shares is discretionary, non-binding for
future years and there is no promise or guarantee that such grants will be offered to the Executive in future years. 
 14. The validity, construction,
interpretation, administration and effect of the Plan, and of its rules and regulations, and rights relating to the Plan and to this Agreement, shall be governed by the laws of the State of Delaware and construed in accordance therewith without
giving effect to principles of conflicts of laws. 
  

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