Document:

Exhibit10-28MartireEmpAgrAmd

Exhibit 10.28

AMENDMENT TO EMPLOYMENT AGREEMENT

This AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is effective as of January 1, 2015 (the "Effective Date"), by and between FIDELITY NATIONAL INFORMATION SERVICES, INC., a Georgia corporation ("FIS" or the "Company"), and Frank Martire (the "Employee") and amends that certain Employment Agreement dated as of March 31, 2009, and previously amended as of December 1, 2009, and March 30, 2012 (as previously amended, the "Agreement").  Unless expressly amended herein, the terms of the Agreement remain in full force and effect.  In consideration of the mutual covenants and agreements set forth herein, the parties agree as follows:
1.The first sentence of Section 2 of the Agreement is deleted and the following is inserted in lieu thereof:
“2.    Employment and Duties.  Subject to the terms and conditions of this Agreement, Company employs Employee to serve as the Executive Chairman of the FIS Board of Directors.” 
2.    The first sentence of Section 4 of the Agreement is deleted and the following is inserted in lieu thereof:
“4.    Salary.  During the Employment Term, Company shall pay Employee an annual base salary, before deducting all applicable withholdings, of $800,000 per year, payable at the time and in the manner dictated by Company's standard payroll policies.”
3.    Section 5(c) is deleted and the following is inserted in lieu thereof:
		
	“(c)
	supplemental disability insurance sufficient to provide a benefit to Employee equal to two-thirds of Employee’s pre-disability Annual Base Salary until Employee reaches the age of 70, provided that such coverage is available in the market using traditional standards of underwriting;”

4.    Section 5(d) is deleted and the following is inserted in lieu thereof:
		
	“(d)
	an annual incentive bonus opportunity under Company's annual incentive plan for each calendar year included in the Employment Term, with such opportunity to be earned based upon attainment of performance objectives established by the Company ("Annual Bonus"). Employee's target Annual Bonus shall be no less than 200% of Employee's then current Annual Base Salary, with a maximum of up to 2 times target (collectively, the target and maximum Annual Bonus are referred to as the "Annual Bonus Opportunity"). Employee's Annual Bonus Opportunity may be periodically reviewed and increased by the Committee or the Board, but may not be decreased without 

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Employee's express written consent.  Employee’s Annual Bonus is subject to the Company’s clawback policy, pursuant to which the Company may recoup all or a portion of any bonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that call into question the business results on which the bonus was based.  If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Unless provided otherwise herein or the Committee determines otherwise, no Annual Bonus shall be paid to Employee unless Employee is employed by Company, or an affiliate thereof, on the last day of the measurement period; and”
5.    The following is inserted as Section 6 and all subsequent Sections are renumbered accordingly:
“6.    Compensation Policies.  Company has adopted certain compensation related policies that apply to Employee.  Employee acknowledges that, as a corporate officer, he is expected to maintain an ownership level in Company stock of at least two (2) times his annual base salary and that following the vesting of any restricted shares granted to him, Employee must hold 50% of those shares for at least six (6) months.  Employee further represents that he has read and understands the Company’s policies regarding insider trading and prohibiting the hedging and pledging of Company stock.”
6.    Section 9(a)(iii)(B) is deleted and the following is inserted in lieu thereof:
“(B) the target Annual Bonus in the year in which the Date of Termination occurs;”
IN WITNESS WHEREOF the parties have executed this Amendment to be effective as of the date first set forth above.
	
		
	 
	FIDELITY NATIONAL INFORMATION SERVICES, INC.

By:  _/s/ Michael P. Oates_____
Its:  CEVP, General Counsel

	 
	FRANK MARTIRE

__/s/ Frank Martire__________

2Exhibit10-31NorcrossEmpAgrAmd

Exhibit 10.31

AMENDMENT TO EMPLOYMENT AGREEMENT

This AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is effective as of January 1, 2015 (the "Effective Date"), by and between FIDELITY NATIONAL INFORMATION SERVICES, INC., a Georgia corporation ("FIS" or the "Company"), and Gary Norcross (the "Employee") and amends that certain Amended and Restated Employment Agreement dated December 29, 2009, as previously amended on March 30, 2012 (as previously amended, the "Agreement").  Unless expressly amended herein, the terms of the Agreement remain in full force and effect.  In consideration of the mutual covenants and agreements set forth herein, the parties agree as follows:
1.Section 2 of the Agreement is deleted and the following is inserted in lieu thereof:
“2.    Employment and Duties.  Subject to the terms and conditions of this Agreement, Company employs Employee to serve as the President and Chief Executive Officer of FIS, reporting directly to the Company’s Board of Directors, or in such other capacity as may be mutually agreed by the parties. Employee accepts such employment and agrees to undertake and discharge the duties, functions and responsibilities commensurate with the aforesaid position. Employee shall devote substantially all business time, attention and effort to the performance of duties hereunder and shall not engage in any business, profession or occupation, for compensation or otherwise, without the express written consent of the Company, other than personal, charitable or civic activities or other such matters that do not conflict with Employee's duties.  Employee’s office location shall be in Jacksonville, Florida, but Employee will be expected to travel to the Company’s other locations as necessary.” 
2.    Section 4 of the Agreement is deleted and the following is inserted in lieu thereof:
“4.    Salary.  During the Employment Term, Company shall pay Employee an annual base salary, before deducting all applicable withholdings, of $1,000,000 per year, payable at the time and in the manner dictated by Company's standard payroll policies.  Such minimum annual base salary may be periodically reviewed and increased (but not decreased without Employee's express written consent) at the discretion of the Board or the Compensation Committee of the Board (the “Committee”) (such annual base salary, including any increases, the "Annual Base Salary").”
3.    Section 5(b) is deleted and the following is inserted in lieu thereof:
“(b)    supplemental disability insurance sufficient to provide a benefit to Employee equal to two-thirds of Employee’s pre-disability Annual Base Salary until Employee reaches the age of 65, provided that such coverage is available in the market using traditional standards of underwriting;”

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4.    The second sentence of Section 5(c) is deleted and the following is inserted in lieu thereof:
		
	“(c)
	Employee's target Annual Bonus shall be no less than 225% of Employee's then current Annual Base Salary, with a maximum of up to 2 times target (collectively, the target and maximum Annual Bonus are referred to as the "Annual Bonus Opportunity"); provided that Employee’s Annual Bonus is subject to the Company’s clawback policy, pursuant to which the Company may recoup all or a portion of any bonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that call into question the business results on which the bonus was based.”

5.    The following is inserted as Section 6 and all subsequent Sections are renumbered accordingly:
“6.    Compensation Policies.  Company has adopted certain compensation related policies that apply to Employee.  Employee acknowledges that, as a corporate officer, he is expected to maintain an ownership level in Company stock of at least ten (10) times his annual base salary and that following the vesting of any restricted shares granted to him, Employee must hold 50% of those shares for at least six (6) months.  Employee further represents that he has read and understands the Company’s policies regarding insider trading and prohibiting the hedging and pledging of Company stock.”
6.    Section 8(f)(ii) is deleted and the following is inserted in lieu thereof:
“(ii)    a material adverse change such that the Employee no longer reports directly to the Company’s Board of Directors;”
7.    The word “or” is stricken at the end of Section 8(f)(vi).
8.    Section 8(f)(vii) is amended to end as follows:  “...Section 20; or”
9.    The following is added as Section 8(f)(viii): 
“(viii)    the failure of the Board of Directors to nominate Employee for re-election by the shareholders as a Director at any annual meeting of shareholders during the Employment Term, or the removal of Employee as a Director at any time during the Employment Term.”
10.    Section 9(a)(iii)(B) is deleted and the following is inserted in lieu thereof:
“(B) the target Annual Bonus in the year in which the Date of Termination occurs;”

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IN WITNESS WHEREOF the parties have executed this Amendment to be effective as of the date first set forth above.

	
		
	 
	FIDELITY NATIONAL INFORMATION SERVICES, INC.

By:  _/s/ Michael P. Oates_____
Its:  CEVP, General Counsel

	 
	 

	 
	GARY NORCROSS

__/s/ Gary Norcross_____________

32014 10-K EX10.4

EXHIBIT 10.4

First Amendment to the
Graham Holdings Company Supplemental Executive Retirement Plan 

WHEREAS, Graham Holdings Company (the “Company”) sponsors the Graham Holdings Company Supplemental Executive Retirement Plan, as amended and restated December 1, 2013 (the “Plan”) for the benefit of employees of the Company; and 

WHEREAS, the Company has reserved the right to amend the Plan to include certain window benefits pursuant to Section 3(a)(v) and to adopt certain administrative amendments pursuant to Section 6(d); and 

WHEREAS, the Company now wishes to amend the Plan; 
 
NOW, THEREFORE, the Plan is hereby amended as follows:

1.
To reflect the change in the names of other plans referenced in the Plan, the following amendments are made, effective March 31, 2014.  

(a)    The definition of “Retirement Plan” is replaced in its entirety as follows:

“Retirement Plan” means The Retirement Plan for Graham Holdings Company and such other tax qualified, defined benefit retirement plans as may be sponsored by the Company or its Affiliates and designated for inclusion hereunder by the Committee.”
(b)    The definition of “Savings Plan” is replaced in its entirety as follows:

“Savings Plan” means The Savings Plan for Graham Holdings Company,  Graham Media Group, Inc. Tax Deferred Savings Plan (known as The Post-Newsweek Stations, Inc. Tax Deferred Savings Plan, prior to July 28, 2014), The Savings Plan for GHC Divisions, the Kaplan, Inc. Tax Deferred Savings Plan for Salaried Employees, the Kaplan, Inc. Tax Deferred Savings Plan for Hourly Employees, and such other tax qualified 401(k) savings and profit-‐sharing plans as may be sponsored by the Company or its Affiliates and designated for inclusion hereunder by the Committee.

2.
Section 3(a)(i) is amended by the addition of the following paragraph at the end thereof, effective April 1, 2014:

“Solely if Participant Andrew S. Rosen’s (“Mr. Rosen”) employment terminates prior to September 1, 2018, Mr. Rosen’s Supplemental Retirement Benefit (including any death benefits payable to Mr. Rosen’s Surviving Spouse) shall be calculated in accordance with this paragraph.  If Mr. Rosen has a Termination of employment for any reason (including death or retirement) prior to September 1, 2018, the Unrestricted Benefit shall be computed as if Mr. Rosen had satisfied the Rule of 90 in Section 4.2(b) of the GHC Schedule of the Retirement Plan.  However, the preceding sentence shall not impact the calculation of any component of Mr. Rosen’s Unrestricted Benefit other than the early retirement factor.  Mr. 

Rosen’s Supplemental Retirement Benefit determined pursuant to this paragraph shall be payable in accordance with Section 3(b) of the Plan but the enhancement under this paragraph shall not be effective for payments paid or accrued prior to September 1, 2018.  Any benefits paid or accrued prior to September 1, 2018 shall be determined without regard to this paragraph.”

3.
Section 3(a) is amended by the addition of the following new paragraph (x) at the end thereof, effective June 25, 2014:

(x)    2014 VRIP.    In the case of Participants Ann L. McDaniel and Veronica Dillon, who also participated in the Voluntary Retirement Incentive Program in the Retirement Plan whose election period ended in August 2014 (the “2014 VRIP”), the Supplemental Retirement Benefit shall be determined based on the terms of the Retirement Plan, including the 2014 VRIP.  Their Supplemental Retirement Benefit (other than the portion attributable to the Special Separation Payment (as defined in Exhibit G (Secure Retirement Account) to the Cash Balance Schedule of the Retirement Plan)), shall be paid in accordance with Section 3(b).  Notwithstanding the third paragraph of Section 3(a)(i) (excluding Secure Retirement Account from calculation of Supplemental Retirement Benefit), the calculation of their Supplemental Retirement Benefit shall include the Special Separation Payment, and the benefit attributable thereto shall be paid in a single lump sum on the first day of the seventh month following termination of employment.  
******

IN WITNESS WHEREOF, the foregoing amendments to the Plan are hereby adopted, effective immediately, unless otherwise provided.
GRAHAM HOLDINGS COMPANY
By:     / s /  Hal S. Jones            

Title:    Senior Vice President-Finance    .  
Chief Financial Officer            .  

Date:    December 16, 2014

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