Document:

EX-10.3

Exhibit 10.3

Term Sheet — Peter J. Sidebottom (“Executive”)

Certain capitalized terms used in this Term Sheet have the meanings set forth in Schedule A.

	 	 	 
	Position:

	 	EVP, Product and Marketing, TD Ameritrade
	 
	 	 
	Areas of Responsibility:

	 	Product Development, Marketing and Strategy
	 
	 	 
	Effective Date:

	 	February 17, 2009
	 
	 	 
	Reporting to:

	 	Fred Tomczyk, President and CEO

	 	 	 	 	 	 	 
	Annual Compensation Target:

	 	Base Salary
	 	$	400,000.00	 
	 

	 	Target Bonus*
	 	$	1,400,000.00	 
	 

	 	     Target Bonus Cash Component
	 	$	700,000 	(50%)
	 

	 	     Target Bonus Equity Component
	 	$	700,000 	(50%)
	 
	 	 	 	 	 	 
	 	 	 
	 	 	Total Annual Compensation Target	 	$1,800,000.00	 
	 
	 	 	 	 	 	 
	 	 	*2009 only (guaranteed minimum at target, not pro-rated)
	 

	 	     Target Bonus Cash Component
	 	$	980,000 	(70%)
	 

	 	     Target Bonus Equity Component
	 	$	420,000 	(30%)

	 	 	 
	One Time Equity Award:

	 	$1,000,000 Restricted Stock Unit.**
	 
	 	 
	 

	 	** Double trigger provisions do not apply to One Time Equity Award
but rather this grant will be a single trigger (ie. there is a
change in Control other than a taking of control by TD Bank Financial
Group).
	 
	 	 
	Sign On Bonus:

	 	$100,000, less normal withholdings
	 
	 	 
	Share Ownership Requirement:

	 	5 times base salary
	 
	 	 
	Relocation Services:

	 	In accordance with TD Ameritrade Homeowner
Relocation Policy (“Relocation Policy”) —
paid by TD Ameritrade. Includes temporary
accommodation in NJ until July 2009.
	 
	 	 
	 

	 	Home sale assistance to include Guaranteed
Purchase Offer (subject to applicable
conditions and qualifications as further set
forth in the Relocation Policy) upon
expiration of standard marketing period
	 
	 	 
	Perquisites/Club Memberships:

	 	N/A
	 
	 	 
	Vacation:

	 	200 hours of Paid Time Off annually to
accrue in accordance with TD Ameritrade PTO
Accrual Schedule
	 
	 	 
	Retirement Programs:

	 	401(k) — Employee contributions only
	 
	 	 
	Health and Welfare Plans:

	 	TD Ameritrade Benefits Plan Coverage

1

 

	 	 	 
	Termination:

	 	In the event of Executive’s termination (i) by the Company without
Cause; (ii) by Executive for Good Reason; or (iii) In Connection with a
Change of Control, Executive will be entitled to severance benefits as
follows, subject to execution of Separation and Release of Claims
Agreement:

	 	•	 	Continued payment of Base Salary for 12 months
	 
	 	•	 	Cash bonus payment equal to $700,000 (12 months) Target
Bonus Cash Component
	 
	 	•	 	COBRA coverage for 12 months; employer portion of
premiums paid by TDA for first 6 months
	 
	 	•	 	Pro-rata vesting, in the event of (i) or (ii) above, or
continued vesting, in the event of (iii) above, of all prior
equity grants as per participation agreements and as
outlined in the TD Ameritrade 1996 LTIP Plan.

	 	 	 
	 

	 	If the Company reasonably determines that Code Section 409A will
result in the imposition of additional tax to an earlier payment of
any severance or other benefits otherwise due to Executive on or
within the 6 month period following Executive’s termination, the
severance benefits will accrue during such 6 month period and will
become payable in a lump sum payment on the date 6 months and 1 day
following the date of Executive’s termination. All subsequent
payments, if any, will be payable as provided above. Any severance
payments will be subject to applicable withholdings.
	 
	 	 
	Other Agreements:

	 	All terms of the Associate Agreement, dated
1/14/09, by and between Executive and TD
Ameritrade are hereby incorporated by reference.
	 
	 	 
	Continuing Obligations:

	 	In addition to Executive’s obligations relating to
Non-Disclosure of Confidential Information, Rights
to Work Product and Non Solicitation as set forth
in the Associate Agreement, Executive to remain
bound by obligations of Non-Competition for the 12
month period following termination of employment
for any reason

Nothing herein is intended to alter the “at-will” nature of Executive’s employment. However, as
described in this Term Sheet, Executive may be entitled to severance benefits depending on the
circumstances of Executive’s termination of employment.

	 	 	 	 	 	 	 
	AGREED AND ACCEPTED:

	 	Peter J. Sidebottom
	 	Fred Tomczyk	 	 
	 
	 	 	 	 	 	 
	 

	 	/s/ PETER J. SIDEBOTTOM
	 	/s/ FRED TOMCZYK	 	 
	 

	 	 

	 	 

	 	 
	 

	 	Date
	 	Date	 	 
	 
	 	 	 	 	 	 
	 

	 	01/14/2009
	 	01/15/2009	 	 
	 

	 	 
	 	 	 	 

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Schedule A

CERTAIN DEFINITIONS

     As used in this Term Sheet, and unless the context requires a different meaning, the following
terms, when capitalized, have the meaning indicated:

     “Base Salary” means Executive’s annual rate of base salary during the Term.

     “Cause” means (i) the failure by Executive to substantially perform his duties, other
than due to illness, injury or disability, which failure continues for ten days following receipt
of notice from the Company specifying such failure; (ii) the willful engaging by the Executive in
conduct which is materially injurious to the Company, monetarily or otherwise; (iii) misconduct
involving serious moral turpitude to the extent that in the reasonable judgment of the Company,
Executive’s credibility or reputation no longer conforms to the standard of the Company’s
executives; or (iv) Executive’s breach of any restrictive covenants to which he is subject.

     “Change of Control,” as also defined in the LTIP, means the occurrence of any of the
following events:

     (i) A change in the ownership of the Company. A change in the ownership of the Company will
occur on the date that any one person, or more than one person acting as a group, acquires
ownership of the Stock of the Company that, together with the Stock held by such person or group,
constitutes more than fifty percent (50%) of the total fair market value or total voting power of
the Stock of the Company; provided, however, that for purposes of this subsection (i), the
acquisition of additional Stock by any one person, or more than one person acting as a group, who
is considered to own more than fifty percent (50%) of the total fair market value or total voting
power of the Stock of the Company shall not be considered a Change of Control; or

     (ii) A change in the effective control of the Company. A change in the effective control of
the Company shall occur on the date that: (1) the Board of Directors determines, in its sole and
absolute discretion, that any one person, or more than one person acting as a group, acquires (or
has acquired during the 12-month period ending on the date of the most recent acquisition by such
person or persons) ownership of the Stock of the Company possessing up to fifty percent (50%) or
more of the total voting power of the Stock of the Company, in each case whether such acquisition
is by means of a tender offer, exchange offer, merger, business combination or otherwise; or (2) a
majority of members of the Board of Directors is replaced during any 12-month period by directors
whose appointment or election is not endorsed by a majority of the members of the Board of
Directors prior to the date of the appointment or election. For purposes of this subsection (ii),
if any one person, or more than one person acting as a group, is considered to effectively control
the Company, the acquisition of additional control of the Company by the same person or persons
shall note be considered a Change of Control; or

     (iii) A change in the ownership of a substantial portion of the Company’s assets. A change in
the ownership of a substantial portion of the Company’s assets shall occur on the date that any one
person, or more than one person acting as a group, acquires (or has acquired during the 12-month
period ending on the date of the most recent acquisition by such person or persons) assets from the
Company that have a total gross fair market value equal to or more than fifty percent (50%) of the
total fair market value of all of the assets of the Company immediately prior to such acquisition
or acquisitions; provided, however, that for purposes of this subsection (iii), the following shall
not constitute a change in the ownership of a substantial portion of the Company’s assets: (1) a
transfer to an entity that is controlled by the Company’s stockholders immediately after the
transfer; or (2) a transfer of assets by the Company to: (A) a stockholder of the Company
(immediately before the asset transfer in exchange for or with respect to the Company’s Stock; (B)
an entity, fifty percent (50%) or more of the total value of voting power of which is owned,
directly or indirectly, by the Company; (C) a person, or more than one person acting as a group,
that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power
of all of the outstanding Stock of the Company; or (D) an entity, at least fifty percent (50%) of
the total value or voting power of which is owned, directly or indirectly, by a person described in
this subsection (iii(2)(C). For purposes of this subsection (iii), gross fair market value means
the value of the assets of the Company, or the value of the assets being disposed of, determined
without regard to any liabilities associated with such assets.

     Persons will be considered to be acting as a group if they are owners of a corporation that
enters into a merger, consolidation, purchase or acquisition of stock, or similar business
transaction with the Company. Notwithstanding any public disclosure to the contrary, TD and the R
Parties (as such terms are defined in the

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Stockholders Agreement) together will not be considered to have formed a group solely as a
result of being parties or bound by the Stockholders Agreement and any future actions, agreements
or arrangements between TD and the R Parties outside of the rights and obligations set forth in the
Stockholders Agreement shall be taken into account when considering whether TD and the R Parties
shall have formed a group in the future.

     Notwithstanding anything to the contrary, the event of (i), (ii) or (iii) above in which TD is
the acquiring party shall not be deemed a Change of Control for these purposes.

     “Code” mean the Internal Revenue Code of 1986, as amended.

     “Company” means TD AMERITRADE Holding Corp. or any of its wholly-owned subsidiaries.

     “Good Reason” means (i) a significant reduction of Executive’s duties, position or
responsibilities; (ii) a material reduction in the kind or level of employee benefits to which
Executive is entitled immediately prior to such reduction (provided that a one-time reduction
applied to substantially all other executive officers of the Company that reduces the level of
employee benefits by 10% or less will not constitute Good Reason; (iii) a reduction in Executive’s
Base Salary or Target Bonus (provided that a one-time reduction applied to substantially all other
executive officers of the Company that reduces the Base Salary or Target Bonus by 10% or less will
not constitute Good Reason); or (iv) relocation of Executive to a facility or location more than 50
miles from his current place of employment.

     “In Connection with a Change of Control” means a termination of Executive’s employment
with the Company within 24 months following a Change of Control.

     “Non-Competition” means that, during the period of Executive’s employment with the
Company and for a period of 12 months following termination of Executive’s employment for any
reason, Executive will not, directly or indirectly, either as principal, manager, agent,
consultant, officer, stockholder, partner, investor, lender or employee or in any other capacity,
carry on, be engaged in or have any financial interest in any business which is engaged in any
activities and for any business which is in competition with the business of the Company. For
purposes hereof, a business shall be deemed to be in competition with the Company if (i) it is
principally engaged in the provision of discount brokerage and related financial and institutional
services provided by the Company within North America; or (ii) is any other business formally
proposed to be conducted by the Company during the 12 month period prior to Executive’s date of
termination.

     “Non-Disclosure of Confidential Information,,” “Rights to Work Product” and
“Non-Solicitation, ” shall have the meanings set forth in the Associate Agreement.

     “Stock” means the common stock of the Company, or in the case of certain Stock
Appreciation Rights or Performance Units, the cash equivalent thereof.

     “Stockholders Agreement” means that certain Stockholders Agreement among Ameritrade
Holding Corporation, the stockholders listed on Exhibit A thereto and The Toronto-Dominion Bank
dated as of June 22, 2005.

In the event that any provisions of this Schedule should ever be deemed to exceed the time,
geographic or occupational limitations permitted by applicable laws, then such provisions will and
are hereby reformed to the maximum time, geographic or occupational limitations permitted by
applicable law.

4EX-10.1

Exhibit 10.1

Manager Employment Agreement

between

Euronet Services GmbH

Johann-Friedrich-Böttger-Str. 23

63322 Rödermark

(hereinafter referred to as the “Company”)

and

Roger Heinz

(hereinafter referred to as the “Employee”)

Article 1

Employment

	(1)	 	The Company’s owners will, as soon as practical after the execution of this Agreement,
designate the Employee, by way of resolution a member of management of the Company (Geschäftsführung). He shall conduct the Company’s business in accordance
with the Company’s bylaws and the owner’s directives.
	 
	(2)	 	The Company can designate other managers. The Company’s owners shall from time
to time attribute duties between the managers.
	 
	(3)	 	The Employee is authorized to act alone on behalf of the Company, provided that he
shall comply with any directives of the Company or its owners concerning internal approval
for certain acts. The Employer will furnish the Employee with a written job description and guidelines concerning requirements for corporate authorization by May
31.
	 
	(4)	 	The Employee shall conduct the business of the Company in accordance with the law,
the bylaws, the business plan and the owners’ directives.
	 
	(5)	 	Before undertaking extraordinary business measures, the Employee must obtain the
prior written authorization of the Company’s owners. The Company owners shall from
time to time authorize in the business plan the undertaking of extraordinary business
measures. The Company’s owners shall retain the right to add to or modify its authorization, in the business plan, of such extraordinary business measures. The Employee
acknowledges that a breach of any limitations established by the Company or its owners on his
authority to manage the Company shall constitute a serious material breach
which shall permit the Company to terminate for cause without notice
(auβerordentliche Kündigung).
	 
	(6)	 	The Employee shall devote all of his professional efforts, knowledge and experience to
the Company’s business activity. The Employee must seek the prior written permission of the Company’s owners before assuming other paid responsibilities.
	 
	(7)	 	The Employee shall fulfill his responsibilities with the duty of care owed by a
professional.

 

2

Article 2

Term

	(1)	 	This Agreement shall come into effect as soon as practicable following the execution of
this Agreement, taking into account any notice period which is required for the termination the Employee’s current position.
	 
	(2)	 	This Agreement shall remain in effect until December 31, 2000, and shall automatically
renew at the end of this term for consecutive two year terms unless either party notifies
the other party in writing of its intent not to renew this Agreement at least six months
prior to the close of the initial or any subsequent two year period.
	 
	(3)	 	Notwithstanding paragraph 2 of this Article, this Agreement shall expire at the end of
the calendar month during which the Employee becomes 65 years of age, unless both
parties agree in writing to the continuation of this Agreement beyond that date.
	 
	(4)	 	The right to terminate this Agreement for serious material breach (auβerordentliche
Kündigung) remains intact. In the event the Employer wishes to terminate this Agreement for serious material breach, it shall give a warning notice and an opportunity for
the Employee to respond to the Employer’s concerns. Termination by the Employer
shall be permitted only after the Employee has failed to remedy his conduct or
performance in a manner which responds satisfactorily to the warning notice. The
parties hereby agree that the Employee’s failure to remedy his conduct or performance,
within thirty days of the Employer’s warning notice, in a manner which responds
satisfactorily to the warning notice shall constitute a serious material breach (“wichtiger
Grund”) which shall entitle the Employer to terminate this Agreement without notice
(“fristlose Kündigung”) pursuant to Article 626 of the German Civil Code.
	 
	(5)	 	A recall of the Employee by the Company’s owners through a written resolution shall
bring this Agreement to an end at the earliest possible time permissible under this Article.
	 
	(6)	 	After notice by either party of its intention not to renew this Agreement, the Company is
entitled to relieve immediately the Employee of his duties provided the Company continues to pay the Employee his contractual remuneration during the remainder of the
term of this Agreement.
	 
	(7)	 	The termination or non-renewal of this Agreement must be notified to the other party by
registered letter with return receipt requested. The Employee must notify any and all of
the Company’s owners in the event of his termination or non-renewal of this Agreement.

Article 3

Compensation

	(1)	 	As compensation for his services, the Employee shall receive a fixed yearly salary in the
amount of DM 200,000, in addition to which the Company shall pay the respective employer
contribution on this remuneration due in connection with social security, health insurance,
the state pension fund and unemployment insurance. The amount of compensation remaining after
deduction of the employee contributions from this fixed salary will be paid in twelve equal
installments at the end of each calendar month.

 

3

	(2)	 	The Company will review the Employee’s fixed remuneration in April, 1998 and every
year thereafter. During this annual review, the Company shall take into consideration
the Company’s development, the Employee’s personal performance and inflation.
	 
	(3)	 	In addition, the Employee may receive a bonus of up to DM 50,000 per year in the
event targets for performance established by the Company’s owners are met. The
targets and the bonus structure based on such targets will be determined by the Company
and confirmed in writing to the Employee in the beginning of each year, when annual
targets for the Employee are established. For 1997, the bonus shall be allocated
among the following targets:

	 	•	 	50% to the revenue target;
	 
	 	•	 	20% to the general development of operations in Germany
	 
	 	•	 	15% to the number of ATMs in the country;
	 
	 	•	 	7.5% to transaction volumes on the ATMs;
	 
	 	•	 	7.5% to the average amount of rent paid for ATM sites.

	(4)	 	The amount attributable to each target met will be paid if such target is met. The
measurement of performance against the targets will be made after the close of each
calendar year, by January 31
	 
	(5)	 	In the event that the Employee becomes unable to perform
his work responsibilities
due to illness or other reasons beyond the Employee’s control, the
company will continue to pay the Employee the fixed compensation provided for in paragraph
1 hereof for a period of 3 months. Notwithstanding the above, such payments shall
cease with
the expiration of this Agreement. The amount of this compensation shall
be reduced
by any payments received by the Employee during this period of incapacity
from the
state health insurance or pension fund. In the event that the duration of
incapacity exceeds six months, the Company’s owners shall be entitled to reduce the
bonus provided for in paragraph 3 hereof by a reasonable proportion. The Employee
has no right to a bonus if he is incapacitated during an entire fiscal year.
	 
	(6)	 	In the event that the Employee should die during the term of this Agreement, the
Company shall pay the Employee’s widow the full fixed compensation for the calendar
month during which the death occurred as well as for the 3 calendar months following
thereafter, except that the Employee’s widow shall not be entitled to such payments
after the expiration of this Agreement. If an Initial Bonus is due at the end of the fiscal
year in which the Employee shall die, the Company shall pay the
Employee’s widow that percentage of the Initial Bonus equal to that
proportion of the fiscal year during which the Employee was alive.
	 
	(7)	 	The Company will insure the Employee against accidents
pursuant to those terms
customary for managers of companies of equivalent size and profitability.
The precise terms of this insurance coverage will be agreed in a written schedule
before the
commencement of employment.
	 
	(8)	 	The Company shall have rights to options to stock in
Euronet Services Inc. pursuant to
the stock option plan adopted by the shareholders of that company.

Article 4

Vacation

The Employee shall have a right to an annual paid vacation of 31 working
days. He shall take into consideration the Company’s needs in scheduling
this vacation.

 

4

Article 5

Reimbursement of Expenses/Automobile

	(1)	 	The Company’s guidelines shall determine the terms pursuant to which the Company
shall reimburse travel expenses; such guidelines are deemed an integral part of this
Agreement. In the event that travel costs exceed those lump-sum amounts allowed
under German tax regulations, then the Employee must submit receipts therefor.
	 
	(2)	 	The Company shall make available to the Employee an automobile of his choice, provided
that the lease payments for such automobile shall not exceed DM 2000, it being
understood that this amount shall not include operating expenses (maintenance, insurance, etc.).
The Employee is entitled to use this automobile for personal travel, but
shall be responsible for the income tax due on the advantage derived from the private
use of this automobile.
	 
	(3)	 	The Company shall pay moving and relocation expenses for the Employee’s move
from Warsaw to Frankfurt, including temporary accommodation expenses while finding
permanent housing.
	 
	(4)	 	The Company shall continue the Employee’s direct life insurance plan No. ____________.

Article 6

Non-Competition

During the term of this Agreement, the Employee shall not compete with the Company nor participate,
directly or indirectly in companies which compete with the Company or with which the Company does
business. This restriction does not prevent the Employee from buying or holding publicly trade
shares in such companies, to the extent that his participation does not exceed one percent of the
respective company’s share capital. The Employee’s violation of the provisions of this Article
shall constitute an important material breach which shall entitle the Company to terminate this
Agreement without notice (auβerordentliche Kündigung).

Article 7

Confidentiality

The Employee shall keep confidential with respect to third parties all matters relating to the
Company (in particular business and operation secrets) as well as all customer information which he
obtained during his employment with the Company; this obligation shall survive the termination or
expiration to this Agreement. In addition, the Employee hereby undertakes to respect (1) all those
obligations of confidentiality which the Company owes to Service Bank GmbH & Co KG pursuant to the
Lease, Service, Data Processing, Software License and Software Service Agreement entered into
between the Company and Service Bank GmbH & Co KG (attached as Exhibit 1 hereto) and (2) those
obligations of bank secrecy owed to Service Bank GmbH & Co KG in connection the latter’s banking
business.

 

5

Article 8

Documentation

Upon termination of the Employee’s employment relationship with the Company, or after his release
from his duties in accordance with Article 2, paragraph 6 hereof, the Employee shall return
immediately to the Company any and all documents, correspondence, drawings, drafts or other
writings which, still in his possession, concern the activities of the Company. The Employee hereby
acknowledges that he has no right to retain such documentation.

Article 9

Miscellaneous Provisions

	(1)	 	Any and all modifications of this Agreement, including modifications of this Article, must
be in writing.
	 
	(2)	 	This Agreement shall be governed by the law of the Federal Republic of Germany.
	 
	(3)	 	The applicable courts in Frankfurt am Main shall have exclusive jurisdiction over any
and all disputes arising out of this Agreement.
	 
	(4)	 	In the event that this Agreement is deemed incomplete or to contain a provision which
is invalid, the remaining provisions will remain unaffected thereby. The parties shall replace the invalid provision, or supplement the necessary missing provision, with the
provisions which lead to the result which the parties would have agreed upon had they
known of the invalidity or absence of the respective provisions.

Budapest, May 29, 1997

	 	 	 	 	 
	/s/ R. Heinz

	 	/s/ Daniel R. Henry 	 	 
	 

	 	 	 	 
	Manager

	 	Company	 	 

 

Job Description

This job description supplements the Employment Agreement dated May 29, 1997 (the “Employment
Agreement”) between Mr. Roger Heinz and Euronet Services GmbH (“Euronet” or the “Company” ).

As a manager of the Company, Mr. Heinz will be responsible for the establishment of the Company’s
operations in Germany, including: locating and contracting for ATM sites; negotiation of major
supply agreements (ATM supply, telecommunications, etc.) to the extent not available from
Euronet’s group level relationships; negotiating and finalizing contracts with banks for the
connection to the Company’s ATM network; locating and equiping the Company’s offices; hiring
staff; maintenance of proper books and records for the Company in accordance with German law and
with, the procedures required by the Company’s parent company, Euronet Services Inc. (“ESI”);
compliance with accounting and tax reporting requirements and other regulations applicable to the
Company under German law; and generally any other responsibilities normally attributed by law to
the manager of a German company.

Mr. Heinz will perform his duties under the supervision of Michael Brown, CEO, and Dan Henry, COO,
of ESI, as well as any other persons whom Mr. Brown or Mr. Henry may appoint to supervise the
German operations of ESI or the Company. Mr. Heinz will comply with the accounting reporting
procedures and other operational requirements imposed by ESI, as determined from time to time by
ESI’s accounting and legal departments. The Finance Manager of the Company will be appointed by the
CFO of ESI and will report directly to him as well as to Mr. Heinz. Mr. Brown and/or Mr. Henry may
recruit and appoint other persons for employment by the Company.

Mr. Heinz acknowledges that ESI is establishing guidelines and internal approval requirements
regarding contractual undertakings and commitments which may be made on behalf of ESI and the
Company, and he agrees to comply with such guidelines as in effect from time to time.

Given the size of the German market, as contemplated in Section 2 of the Employment Agreement, it
is possible that additional managers will be appointed for the Company by ESI, and given
functional or regional responsibility alongside Mr. Heinz.

December 02,1997

Acknowledged and Approved:

	 	 	 	 	 
	Euronet Services GmbH 	/s/ Roger Heinz
 	 
	 	Mr. Roger Heinz 	 
	 	 	 
	 

	 	 	 	 	 
	By:	 	 /s/ Daniel R. Henry
 	 	 

 

Job Description

This job description supplements the Employment Agreement dated May 29, 1997 (,,the Employment
Agreement”) between Mr. Roger Heinz and Euronet Services GmbH (,,Euronet” or the ,,Company”).

As the Managing Director of the German Company, Mr. Heinz will be responsible for the establishment
of the Company’s operations in Germany, including: locating and contracting for ATM sites;
negotiation of major supply agreements (ATM supply, telecommunications, etc.) to the extent not
available from Euronet’s group level relationships; negotiating and finalising contracts with banks
for the connection to the Company’s ATM network; locating and equipping the Company’s offices;
hiring/terminating staff including all other aspects of HR functions (i.e. setting up compensation
and benefit functions); maintenance of proper books and records for the Company in accordance with
German law and the procedures required by the Company’s parent company, Euronet Services Inc.
(,,ESI”); compliance with accounting and tax reporting requirements and other regulations
applicable to the Company under German law; and generally any other responsibilities normally
attributed by law to the manager of a German company.

Mr. Heinz will perform his duties under the supervision of Michael Brown, CEO, and Dan Henry, COO,
of ESI, as well as any other persons whom Mr. Brown or Mr. Henry may appoint to supervise the German
operations of ESI or the Company. Mr. Heinz will comply with the accounting and legal departments.

The Finance Manager of the Company will be appointed by the Managing Director in close co-operation
and after consulting with the CFO of ESI to whom he will have a dotted line responsibility.

The Finance Manager of the Company, as well as any other staff to be hired will have an direct or
an indirect reporting line to the Managing Director.

Mr. Brown and/or Mr. Henry may recruit and appoint other persons for employment by the Company
after having consulted with the Managing Director.

Mr. Heinz acknowledges that ESI is establishing guidelines and internal approval requirements
regarding contractual undertakings and commitments which may be made on behalf of ESI and the
Company, and he agrees to comply with such guidelines as in effect from time to time.

Given the size of the German market as contemplated in Section 2 of the Employment Agreement, it
is possible that additional managers will be appointed for the Company by ESI, whereby functional
or regional responsibilities will be consulted with the Managing Director.

August 13th, 1997

Acknowledged and Approved:

Euronet Services GmbH

	 	 	 
	Dan Henry

	 	Roger Heinz

 

Job Description

This job description supplements the Employment Agreement dated May 29, 1997 (the “Employment
Agreement”) between Mr. Roger Heinz and Euronet Services GmbH (“Euronet” or the “Company” ).

As a manager of the Company, Mr. Heinz will be responsible for the establishment of the
Company’s operations in Germany, including: locating and contracting for ATM sites; negotiation
of major supply agreements (ATM supply, telecommunications, etc.) to the extent not available
from Euronet’s group level relationships; negotiating and finalizing contracts with banks for
the connection to the Company’s ATM network; locating and equiping the Company’s offices;
hiring staff; maintenance of proper books and records for the Company in accordance with German
law and with the procedures required by the Company’s parent company, Euronet Services Inc.
(“ESI”); compliance with accounting and tax reporting requirements and other regulations
applicable to the Company under German law; and generally any other responsibilities normally
attributed by law to the manager of a German company.

Mr. Heinz will perform his duties under the supervision of Michael Brown, CEO, and Dan Henry, COO,
of ESI, as well as any other persons whom Mr. Brown or Mr. Henry may appoint to supervise the
German operations of ESI or the Company. Mr. Heinz will comply with the accounting reporting
procedures and other operational requirements imposed by ESI, as determined from time to time by
ESI’s accounting and legal departments. The Finance Manager of the Company will be appointed by
the CFO of ESI and will report directly to him. Mr. Brown and/or Mr. Henry may recruit and appoint
other persons for employment by the Company.

Mr. Heinz acknowledges that ESI is establishing guidelines and internal approval requirements
regarding contractual undertakings and commitments which may be made on behalf of ESI and the
Company, and he agrees to comply with such guidelines as in effect from time to time.

Given the size of the German market, as contemplated in Section 2 of the Employment Agreement, it
is possible that additional managers will be appointed for the Company by ESI, and given
functional or regional responsibility alongside Mr. Heinz.

July ___, 1997

Acknowledged and Approved:

	 	 	 	 	 
	Euronet Services GmbH 	
 	 
	 	Mr. Roger Heinz 	 
	 	 	 
	 

By: _________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]