Document:

Form of  Incentive Stock Option Agreement

 Exhibit 10.3 
 FORM OF 
 INCENTIVE STOCK OPTION AGREEMENT 
 UNDER THE 
 AMENDED AND RESTATED
2002 STOCK INCENTIVE PLAN 
 CheckFree Corporation (the “Company”) hereby grants, effective [Grant Date] (the
“Effective Date”) to [Participant Name] (the “Optionee”) an option to purchase [Number of Shares Granted] shares of its common stock, par value $.01 (the “Option Shares”), at a price of [Grant
Price] per share pursuant to the Company’s Amended and Restated 2002 Stock Incentive Plan (the “Plan”), subject to the following: 
 1. RELATIONSHIP TO THE PLAN. This option is granted pursuant to the Plan, and is in all respects subject to the terms, provisions and definitions of the Plan and any amendments thereto. The Optionee acknowledges receipt of a
copy of the Plan and represents that he or she is familiar with the terms and conditions thereof. The Optionee accepts this option subject to all the terms and provisions of the Plan (including without limitation provisions relating to
non-transferability, exercise of the option, sale of the option shares, termination of the option, adjustment of the number of shares subject to the option, and the exercise price of the option). The Optionee further agrees that all decisions and
interpretations made by the Compensation Committee (the “Committee”), as established under the Plan, and as from time to time constituted, are final, binding, and conclusive upon the Optionee and his or her heirs. This option is an
Incentive Stock Option under the Plan. 
 2. TIME OF EXERCISE. Prior to termination, this option may be exercised, from time to
time, in full or in part, by the Optionee to the extent the option is vested based upon the number of full years the Optionee is an employee of the Company after the Effective Date (the “Vested Percentage”) and remains exercisable (subject
to the provisions herein and the Plan) until it has been exercised as to all of the Shares or the tenth (10th) anniversary of the Effective Date, whichever occurs first. The Optionee is entitled to exercise this option to the extent of the
percentage of, and not to exceed in the aggregate, the maximum number of the Shares, based upon the Vested Percentage, from time to time, as determined in accordance with the Optionee’s on-line Summary page for CheckFree’s Stock Option
Plan. 
 Notwithstanding the foregoing, this option may not be exercised unless (i) the Option Shares are registered under the Securities Act of 1933,
as amended, and are registered or qualified under applicable state securities or “blue sky” laws, or (ii) the Company has received an opinion of counsel to the Company to the effect that the option may be exercised and Option Shares
may be issued by the Company pursuant thereto without such registration or qualification. If this option is not otherwise exercisable by reason of the foregoing sentence, the Company will take reasonable steps to comply with applicable state and
federal securities laws in connection with such issuance. 
 3. METHODS OF EXERCISE. This option is exercisable by delivery to
the Company of written notice of exercise which specifies the number of shares to be purchased and the election of the method of payment therefore, which will be one of the methods of payment specified in section 5.06 of the Plan. If payment is
otherwise than payment in full in cash, the method of payment is subject to the consent of the Committee. Upon receipt of payment for the shares to be purchased pursuant to the option or, if applicable, the shares to be delivered pursuant to the
election of an alternative payment method, the Company will deliver or cause to be delivered to the Optionee, to any other person exercising this option, or to a broker or dealer if the method of payment specified in clause (f) of section 5.06
of the Plan is elected, a certificate or certificates for the number of shares with respect to which this option is being exercised, registered in the name of the Optionee or other person exercising the option, or if appropriate, in the name of such
broker or dealer; provided, however, that if any law or regulation or order of the Securities and 

 
Exchange Commission or other body having jurisdiction over the exercise of this option will require the Company or Optionee (or other person exercising this
option) to take any action in connection with the shares then being purchased, the delivery of the certificate or certificates for such shares may be delayed for the period necessary to take and complete such action. 
 4. ACQUISITION FOR INVESTMENT. This option is granted on the condition that the acquisition of the Option Shares hereunder will be for the
account of the Optionee (or other person exercising this option) for investment purposes and not with a view to resale or distribution, except that such condition will be inoperative if the Option Shares are registered under the Securities Act of
1933, as amended, or if in the opinion of counsel for the Company such shares may be resold without registration. At the time of any exercise of the option, the Optionee (or other person exercising this option) will execute such further agreements
as the Company may require to implement the foregoing condition and to acknowledge the Optionee’s (or such other person’s) familiarity with restrictions on the resale of the Option Shares under applicable securities laws. 
 5. DISPOSITION OF SHARES. The Optionee or any other person who may exercise this option will notify the Company within seven (7) days
of any sale or other transfer of any Option Shares. If any class of equity securities of the Company is registered pursuant to section 12 of the Securities Exchange Act of 1934, as amended, and the Optionee or any other person who may exercise this
option is subject to section 16 of that Act by virtue of such Optionee’s or person’s relationship to the Company, the Optionee or other person exercising this Option agrees not to sell or otherwise dispose of any Option Shares unless at
least six (6) months have elapsed from the Effective Date. 
 6. WITHHOLDING. As a condition to the issuance of any of the
Shares under this Option, Optionee or any person who may exercise this Option authorizes the Company to withhold in accordance with applicable law from any salary, wages or other compensation for services payable by the Company to or with respect to
Optionee any and all taxes required to be withheld by the Company under federal, state or local law as a result of such Optionee’s or such person’s receipt or disposition of Shares purchased under this Option. If, for any reason, the
Company is unable to withhold all or any portion of the amount required to be withheld, Optionee (or any person who may exercise this Option) agrees to pay to the Company upon exercise of this Option an amount equal to the withholding required to be
made less the amount actually withheld by the Company. 
 7. GENERAL. This Agreement will be construed as a contract under the
laws of the State of Delaware without reference to Delaware’s choice of law rules. It may be executed in several counterparts, all of which will constitute one Agreement. It will bind and, subject to the terms of the Plan, benefit the parties
and their respective successors, assigns, and legal representatives. 
 IN WITNESS WHEREOF, the Company and the Optionee have executed
this Agreement as of the date first above written. 
  

									
		 	OPTIONEE	 		 	CHECKFREE CORPORATION
		 	 Signature:
 [Participant Name]
 Associate Signature
	 		 	By:	 	  

		 		 		 	Its:Form of Performance Accelerated Restricted Stock Award Agreement

 Exhibit 10.4 
 FORM OF 
 PERFORMANCE ACCELERATED 
 RESTRICTED STOCK AWARD AGREEMENT 
 UNDER THE 
 AMENDED AND RESTATED 2002 STOCK INCENTIVE PLAN 
  

			
	Associate Name:	  	[Participant Name]
		
	Number of Restricted Shares Subject to Award:	  	[Number of Shares Granted]
		
	Date of Award Grant:	  	[Grant Date]

 CheckFree Corporation, a Delaware corporation (the “Company”), hereby grants to the individual whose
name appears above (the “Associate”) a Performance Accelerated Restricted Stock Award (the “Award”) of that number of shares of its Common Stock, $0.01 par value per share (the “Restricted Shares”) set forth above,
subject to all of the terms and conditions set forth in this Performance Accelerated Restricted Stock Award Agreement (this “Agreement”) and the Company’s Amended and Restated 2002 Stock Incentive Plan (the “Plan”). All
terms and conditions set forth in Annex I and Annex II hereto and the Plan are deemed to be incorporated herein in their entirety. Undefined capitalized terms used in this Agreement shall have the meanings set forth in the Plan. 
 1. Vesting Provisions. 
 (a) Provided that the
Associate is employed by the Company on such date, the Associate’s Restricted Shares will be issued (subject to tax withholding) and become vested on the fifth anniversary of the Date of Award Grant as set forth above; provided, however,
that the Restricted Shares will vest in full at such earlier time as the performance objectives set forth in Annex II hereto are certified by the Compensation Committee of the Company’s Board of Directors (the “Compensation
Committee”) to have been satisfied. 
 (b) In the event of the Associate’s Termination of Service with the Company for any reason
before all of the Associate’s Restricted Shares have become vested under this Award, the Associate’s Restricted Shares that have not been issued and have not vested shall be forfeited on the effective date of the termination; provided,
however, in the event of the Associate’s Termination of Service by reason of death, Disability or Retirement, all of the Restricted Shares subject to this Agreement shall vest in full. 
 (c) The Compensation Committee will have the right to determine, in its sole discretion, how an Associate’s leave of absence will affect the terms
of this Award, including the vesting and issuance of Restricted Shares hereunder. 
 (d) In the event of a Change of Control, all of the
Restricted Shares subject to this Agreement shall vest in full. 
 (e) The Company will not have any further obligations to the Associate
under this Award if the Associate’s Restricted Shares are forfeited as provided herein. 

 2. General 
 By signing below, you agree that this award is governed by this Agreement and by the terms and conditions contained in the Plan, as amended from time to time and incorporated into this Agreement by reference. A copy
of the Plan is available upon request by contacting the Human Resources Department at the Company’s executive offices. 
  

									
	CheckFree Corporation	 		 		 	
					
	By:	 	  
	 		 		 	______________
	Its:	 	  
	 		 		 	Date
				
	Associate	 		 		 	
				
	 	 		 		 	 ______________

	Associate Signature	 		 		 	Date

  

 2 

 ANNEX I TO RESTRICTED STOCK AWARD AGREEMENT 
 TERMS AND CONDITIONS OF RESTRICTED STOCK AWARD 
 1. Issuance of
Restricted Stock. The Company, or its transfer agent, will issue and deliver the vested portion of the Restricted Shares to the Associate as soon as practicable after the Restricted Shares become vested, subject to payment of the applicable
withholding tax liability as set forth below. If the Associate dies before the Company has distributed any portion of the vested Restricted Shares, the Company will transfer any vested Restricted Shares in accordance with the Associate’s will
or, if the Associate did not have a will, the vested Restricted Shares will be distributed in accordance with the laws of descent and distribution. 
 2. Withholding Taxes. Notwithstanding anything in this Agreement to the contrary, no certificate representing Restricted Stock shall be delivered unless and until Associate shall have delivered to the Company or its designated
Affiliate, the full amount of any federal, state or local income and other withholding taxes. The Company is permitted to withhold a number of shares of Restricted Stock equal in value to Associate’s withholding obligations and to pay this
amount to the Internal Revenue Service on Associate’s behalf. 
 3. Non-transferability of Award. Until the Restricted
Shares have vested as set forth on page 1 of this Agreement, the Restricted Shares granted herein and the rights and privileges conferred hereby may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated (by operation of
law or otherwise). Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of such award, or of any right or privilege conferred hereby, contrary to the provisions of the Plan or of this Agreement, or upon any attempted sale
under any execution, attachment or similar process upon the rights and privileges conferred hereby, such award and the rights and privileges conferred hereby shall immediately become null and void.  
 4. Conditions to Issuance of Shares. The shares of stock deliverable to the Associate may be either previously authorized but unissued shares or
issued shares, which have been reacquired by the Company. The Company shall not be required to issue any certificate or certificates for shares of stock hereunder prior to fulfillment of all of the following conditions: (a) the admission of
such shares to listing on all stock exchanges on which such class of stock is then listed; (b) the completion of any registration or other qualification of such shares under any State or Federal law or under the rulings or regulations of the
Securities and Exchange Commission or any other governmental regulatory body, which the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall, in its absolute discretion, deem necessary or
advisable; (c) the obtaining of any approval or other clearance from any State or Federal governmental agency, which the Compensation Committee shall, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse of
such reasonable period of time following the date of grant of the Restricted Shares as the Compensation Committee may establish from time to time for reasons of administrative convenience. 
 5. No Rights as Stockholder. Until the Restricted Shares have vested and have been issued, Associate shall not have any rights of a stockholder of
the Company with respect to the Restricted Shares, including any right to vote such Restricted Shares or to receive dividends and distributions on such Restricted Shares. 
 6. Plan Governs. This Agreement is subject to all the terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the
provisions of the Plan shall govern. 

 7. No Right to Continued Employment. The Associate understands and agrees that this Agreement does
not impact in any way the right of the Company, or any Affiliate of the Company employing the Associate, to terminate or change the terms of the employment of Associate at any time for any reason whatsoever, with or without cause. Associate
understands and agrees that his or her employment with the Company or an Affiliate is on an “at-will” basis only. 
 8.
Addresses for Notices. Any notice to be given to the Company under the terms of this Agreement shall be addressed to the Company, in care of the Compensation Director, at CheckFree Corporation, 4411 East Jones Bridge Road, Norcross, Georgia
30092, or at such other address as the Company may hereafter designate in writing. Any notice to be given to the Associate shall be addressed to the Associate at the address set forth on page 1 of this Agreement, or at such other address for the
Associate maintained on the books and records of the Company. 
 9. Captions. Captions provided herein are for convenience only and
are not to serve as a basis for interpretation or construction of this Agreement. 
 10. Agreement Severable. In the event that any
provision in this Agreement shall be held invalid or unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining provisions of this Notice and Agreement.

 ANNEX II TO RESTRICTED STOCK AWARD AGREEMENT 
 PERFORMANCE CRITERIA FOR ACCELERATED VESTING OF 
 PERFORMANCE ACCELERATED RESTRICTED STOCK AWARD 
 1. Accelerated Vesting Criteria. 
 A. 50% of the Restricted Shares shall vest if the Company’s cumulative free cash flow, defined as GAAP net cash provided by operating activities,
exclusive of the net change in settlement accounts, less capital expenditures, plus data center reimbursements, for Fiscal Years 2008, 2009 and 2010 (July 1, 2007 through June 30, 2010) is at least as much as set forth in the Company’s
budget, as approved by the Board of Directors, for each of the applicable Fiscal Years. 
 B. 25% of the Restricted Shares shall vest if the
Company’s cumulative revenue, excluding the impact of previously issued warrants, for Fiscal Years 2008, 2009 and 2010 (July 1, 2007 through June 30, 2010) is at least as much as set forth in the Company’s budget, as approved by the
Board of Directors, for each of the applicable Fiscal Years. 
 C. 25% of the Restricted Shares shall vest if the Company’s cumulative
underlying earnings per share, defined as GAAP earnings per share excluding the amortization of acquisition-related intangible assets, the impact of previously issued warrants, and certain one-time charges and related income tax benefits, for Fiscal
Years 2008, 2009 and 2010 (July 1, 2007 through June 30, 2010) is at least as much as set forth in the Company’s budget, as approved by the Board of Directors, for each of the applicable Fiscal Years. 
 2. Compensation Committee Discretion 
 A. The Compensation Committee has the sole discretion to determine all performance outcomes under the accelerated vesting criteria set forth above. In particular, the Compensation Committee may in its sole discretion include or exclude from
such calculations of cumulative free cash flow, revenue, and underlying earnings per share, extraordinary gains or losses of any kind, the financial impact of mergers or acquisitions, the effects of any changes in accounting principles or tax
regulations, and any other unusual charges or gains that impact financial performance, including but not limited to charges related to previously issued warrants and the amortization of acquisition-related intangible assets, and the related income
tax effect of any such inclusions or exclusions. 
 B. The Compensation Committee’s discretion hereunder shall be total and final and
the Associate awarded the Restricted Stock shall be bound by the Compensation Committee’s decisions and certifications hereunder.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}]]