Document:

<PAGE>

                                                                    EXHIBIT 10.5

                                CHOICEPOINT INC.
                         SHARE EQUIVALENT UNIT AGREEMENT
                           FOR NON-EMPLOYEE DIRECTORS

      This AGREEMENT (the "Agreement") is made as of the ____ day of _________,
____ (the "Date of Grant"), between CHOICEPOINT INC., a Georgia corporation (the
"Company") and ____________________ (the "Grantee").

1.          GRANT OF SHARE EQUIVALENT UNITS. Subject to, and upon the terms,
      conditions and restrictions set forth in this Agreement and in the
      Company's 2003 Omnibus Incentive Plan (the "Plan"), the Company hereby
      grants to the Grantee as of the Date of Grant __________ Share Equivalent
      Units, on the terms and conditions reflected below. The Share Equivalent
      Units shall be bookkeeping entries only, and shall not be funded.

2.          RESTRICTIONS ON TRANSFER OF SHARE EQUIVALENT UNITS. The right to
      receive Common Shares represented by the Share Equivalent Units:

      (a)           may not be sold, pledged, exchanged or otherwise encumbered
            or disposed of by the Grantee, and,

      (b)          may not be assigned or transferred, except that the right to
            eventual distribution of the Common Shares may be transferred (A) to
            the Company, a Family Member of the Grantee, or entities controlled
            by or benefiting them, as described in Section 12 of the Plan and
            then (B) (i) if during the Grantee's life, only upon the approval of
            the Company's Chief Financial Officer and/or its Vice President with
            responsibility for compensation and benefits, or (ii) by execution
            and delivery of a Beneficiary Designation Form provided by the
            Company or, if none, by will or by the laws of descent and
            distribution, until they have been delivered in accordance with this
            Agreement to the Grantee or the appropriate transferee.

3.          DELIVERY OF COMMON SHARES. (a) The Common Shares shall be delivered
      to the Grantee or approved transferee on the first anniversary of the
      Grantee's termination of service as a member of the Board of Directors of
      the Company, subject to subparagraphs (b) and (c) below.

      (a)          In the event that the Grantee's service as a member of the
            Board of Directors of the Company is terminated because the Grantee
            has committed any of the following acts:

            (i)         an intentional act of fraud, embezzlement, theft, or any
                   other material violation of law (A) in connection with the
                   Grantee's duties or in the course of the Grantee's service on
                   behalf of the Company, or (B) which is otherwise materially
                   injurious to the Company, monetarily or otherwise;

            (ii)        intentional wrongful damage to material assets of the
                   Company;

<PAGE>

            (iii)       intentional wrongful disclosure of material confidential
                   information of the Company; or

            (iv)        intentional wrongful engagement in any competitive
                   activity  that would constitute a material breach of the duty
                   of loyalty;

the Grantee shall forfeit all right to the Share Equivalent Units and to any
deferred dividends, described below.

      (b)          Notwithstanding the foregoing, in the event that a Grantee's
            service as a member of the Board of Directors of the Company
            terminates upon or as a consequence of a Change in Control, as
            defined in the Plan, the Common Shares shall be delivered
            immediately upon such termination.

4.          DIVIDEND, VOTING AND OTHER RIGHTS. Until delivery of the Common
      Shares to the Grantee pursuant to Section 3, the Grantee shall have none
      of the rights of a shareholder of the Company, except that the account to
      which his Share Equivalent Units are credited shall also be credited with
      an amount equal to any dividends paid with respect to the number of Common
      Shares represented by said units while held in said account. Said dividend
      credits (if dividends are paid in cash to shareholders of the Company),
      shall be converted to their equivalent in whole and fractional Common
      Shares and added to the account held for the Grantee. The price of Common
      Shares used for conversion of the cash amount of dividends shall be the
      closing price of the Common Shares quoted on the New York Stock Exchange
      on the date that dividends are otherwise paid to shareholders. The number
      of Share Equivalent Units to which the Grantee has a right hereunder shall
      be appropriately adjusted, however, as are any outstanding Common Shares,
      in the event of a stock dividend, stock split, combination of shares,
      recapitalization, merger, consolidation, separation or reorganization or
      any other change in the capital structure of the Company.

5.          TAXES AND WITHHOLDING. If the Company shall be required to withhold
      any federal, state, local or foreign tax in connection with the issuance
      of the Share Equivalent Units or delivery of the Common Shares or other
      securities or cash pursuant to this Agreement, the Grantee shall pay the
      tax or make provisions that are satisfactory to the Company for the
      payment thereof. The Grantee may elect to satisfy all or any part of the
      minimum statutory withholding requirement by surrendering to the Company a
      portion of the Common Shares that are to be delivered to the Grantee
      hereunder, and the Common Shares so surrendered by the Grantee shall be
      credited against any such withholding obligation at the Market Value per
      Share of such shares on the date of such surrender.

6.          COMPLIANCE WITH LAW. The Company shall make reasonable efforts to
      comply with all applicable federal and state securities laws; provided,
      however, notwithstanding any other provision of this Agreement, the
      Company shall not be obligated to issue any Common Shares or other
      securities pursuant to this Agreement if the issuance thereof would result
      in a violation of any such law.

                                        2
<PAGE>

7.          RELATION TO OTHER BENEFITS. Any economic or other benefit to the
      Grantee under this Agreement shall not be taken into account in
      determining any benefits to which the Grantee may be entitled under any
      compensation plan maintained by the Company and shall not affect the
      amount of any life insurance coverage available to any beneficiary under
      any life insurance plan covering Directors of the Company.

8.          AMENDMENTS. Any amendment to the Plan shall be deemed to be an
      amendment to this Agreement to the extent that the amendment is applicable
      hereto; provided, however, that no amendment shall adversely affect the
      rights of the Grantee under this Agreement without the Grantee's consent.
      Notwithstanding the foregoing, this Agreement shall be amended in such
      particulars as are necessary or appropriate to effect the applicable
      provisions of Section 409A of the Internal Revenue Code of 1986, as
      amended, in order to avoid current taxation of the grant made pursuant
      hereto, and to avoid any penalty taxes imposed on noncomplying
      arrangements.

9.          SEVERABILITY. In the event that one or more of the provisions of
      this Agreement shall be invalidated for any reason by a court of competent
      jurisdiction, any provision so invalidated shall be deemed to be separable
      from the other provisions hereof, and the remaining provisions hereof
      shall continue to be valid and fully enforceable.

10.         RELATION TO PLAN. This Agreement is subject to the terms and
      conditions of the Plan. In the event of any inconsistent provisions
      between this Agreement and the Plan, the Plan shall govern. Capitalized
      terms used herein without definition shall have the meanings assigned to
      them in the Plan.

11.         GOVERNING LAW. The interpretation, performance and enforcement of
      this Agreement shall be governed by the laws of the State of Georgia.

      IN WITNESS WHEREOF, the Company has caused this Agreement to be executed
on its behalf by its duly authorized officer and Grantee has also executed this
Agreement in duplicate, as of the day and year first above written.

                                                   CHOICEPOINT INC.

                                                   By:__________________________

      The undersigned Grantee hereby (i) acknowledges receipt of an executed
original of this Agreement and (ii) accepts the right to receive the Common
Shares or other securities covered hereby, subject to the terms and conditions
of the Plan and the terms and conditions hereinabove set forth.

                                                   _____________________________
                                                   Grantee

                                                   Date:________________________

                                        3<PAGE>

                                                                    EXHIBIT 10.6

                                CHOICEPOINT INC.
                            DEFERRED SHARES AGREEMENT
                           FOR EMPLOYEES AND OFFICERS

      This AGREEMENT (the "Agreement") is made as of the ____ day of _________,
____ (the "Date of Grant"), between CHOICEPOINT INC., a Georgia corporation (the
"Company") and ____________________ (the "Grantee").

1.          GRANT OF DEFERRED SHARES. Subject to, and upon the terms, conditions
      and restrictions set forth in this Agreement and in the Company's 2003
      Omnibus Incentive Plan (the "Plan"), the Company hereby grants to the
      Grantee as of the Date of Grant __________ Deferred Shares of Company
      Common Shares. The Deferred Shares shall be fully paid and nonassessable
      and shall be represented by a certificate registered in the name of the
      Grantee and issued at the time of delivery provided below.

2.          RESTRICTIONS ON TRANSFER OF DEFERRED SHARES. The right to receive
      Deferred Shares

      (a)          may not be sold, pledged, exchanged or otherwise encumbered
            or disposed of by the Grantee, and,

      (b)          may not be assigned or transferred, except that the right to
            eventual distribution of the Deferred Shares may be transferred (A)
            to the Company, a Family Member of the Grantee, or entities
            controlled by or benefiting them, as described in Section 12 of the
            Plan and then (B) (i) if during the Grantee's life, only upon the
            approval of the Company's Chief Financial Officer and/or its Vice
            President with responsibility for compensation and benefits, or (ii)
            by execution and delivery of a Beneficiary Designation Form provided
            by the Company or, if none, by will or by the laws of descent and
            distribution, until they have been delivered in accordance with this
            Agreement to the Grantee or the appropriate transferee.

3.          DELIVERY OF DEFERRED SHARES. (a) The Deferred Shares shall be
      delivered to the Grantee or approved transferee upon the day following the
      Grantee's termination of employment with the Company subsequent to
      [TERMINATION DATE OF EMPLOYMENT AGREEMENT], provided, however, that in the
      case of a Grantee who is a "specified employee" (within the meaning of
      Section 409A of the Code), such delivery shall be delayed until six months
      following the Grantee's "separation from service" (within the meaning of
      Section 409A of the Code), or, if earlier, the Grantee's death.

      (b)          Notwithstanding subsection (a) above, in the event that the
            Grantee terminates his employment with the Company subsequent to [3
            YEARS FROM GRANT DATE], but prior to [TERMINATION DATE OF EMPLOYMENT
            AGREEMENT], with the consent of the Board of Directors of the
            Company, the Board may also determine that the Grantee shall be
            entitled to receive all of, or fewer than, the number of Deferred
            Shares referred to in Section 1, adjusted as appropriate pursuant to

<PAGE>

            Section 4 hereof, and said Deferred Shares shall be delivered to the
            Grantee as soon as practicable following his termination of
            employment, provided, however, that in the case of a Grantee who is
            a "specified employee" (within the meaning of Section 409A of the
            Code), such delivery shall be delayed until six months following the
            Grantee's "separation from service" (within the meaning of Section
            409A of the Code), or, if earlier, the Grantee's death.

      (c)          In the event that the Grantee terminates employment with the
            Company prior to [TERMINATION DATE OF EMPLOYMENT AGREEMENT], for any
            reason other than as described in subsection (b) above, or following
            a Change in Control (as defined in the Plan), the Grantee shall
            forfeit all right to the Deferred Shares and to any deferred
            dividends, described below.

4.          DIVIDEND, VOTING AND OTHER RIGHTS. Until delivery of the Deferred
      Shares to the Grantee pursuant to Section 3, the Grantee shall have none
      of the rights of a shareholder of the Company. The number of Deferred
      Shares to which the Grantee has a right hereunder shall be appropriately
      adjusted, however, as are any other outstanding Common Shares, in the
      event of a stock dividend, stock split, combination of shares,
      recapitalization, merger, consolidation, separation or reorganization or
      any other change in the capital structure of the Company.

5.          TAXES AND WITHHOLDING. If the Company shall be required to withhold
      any federal, state, local or foreign tax in connection with the issuance
      or delivery of the Deferred Shares or Common Shares or other securities or
      cash pursuant to this Agreement, the Grantee shall pay the tax or make
      provisions that are satisfactory to the Company for the payment thereof.
      The Grantee may elect to satisfy all or any part of the minimum statutory
      withholding obligation by surrendering to the Company a portion of the
      Common Shares that are to be delivered to the Grantee hereunder, and the
      Common Shares so surrendered by the Grantee shall be credited against any
      such withholding obligation at the Market Value per Share of such shares
      on the date of such surrender.

6.          COMPLIANCE WITH LAW. The Company shall make reasonable efforts to
      comply with all applicable federal and state securities laws; provided,
      however, notwithstanding any other provision of this Agreement, the
      Company shall not be obligated to issue any Deferred Shares or Common
      Shares or other securities pursuant to this Agreement if the issuance
      thereof would result in a violation of any such law.

7.          RELATION TO OTHER BENEFITS. Any economic or other benefit to the
      Grantee under this Agreement shall not be taken into account in
      determining any benefits to which the Grantee may be entitled under any
      compensation plan maintained by the Company and shall not affect the
      amount of any life insurance coverage available to any beneficiary under
      any life insurance plan covering Employees, Officers or Directors of the
      Company.

8.          AMENDMENTS. Any amendment to the Plan shall be deemed to be an
      amendment to this Agreement to the extent that the amendment is applicable
      hereto; provided, however, that no amendment shall adversely affect the
      rights of the Grantee under this Agreement without the Grantee's consent.
      Notwithstanding the foregoing, this

                                        2
<PAGE>

      Agreement shall be amended in such particulars as are necessary or
      appropriate to reflect the applicable provisions of section 409A of the
      Internal Revenue Code of 1986, as amended, in order to avoid current
      taxation of the grant made pursuant hereto, and to avoid any penalty taxes
      imposed on noncomplying arrangements.

9.          SEVERABILITY. In the event that one or more of the provisions of
      this Agreement shall be invalidated for any reason by a court of competent
      jurisdiction, any provision so invalidated shall be deemed to be separable
      from the other provisions hereof, and the remaining provisions hereof
      shall continue to be valid and fully enforceable.

10.         RELATION TO PLAN. This Agreement is subject to the terms and
      conditions of the Plan. In the event of any inconsistent provisions
      between this Agreement and the Plan, the Plan shall govern. Capitalized
      terms used herein without definition shall have the meanings assigned to
      them in the Plan.

11.         GOVERNING LAW. The interpretation, performance and enforcement of
      this Agreement shall be governed by the laws of the State of Georgia.

      IN WITNESS WHEREOF, the Company has caused this Agreement to be executed
on its behalf by its duly authorized officer and Grantee has also executed this
Agreement in duplicate, as of the day and year first above written.

                                                  CHOICEPOINT INC.

                                                  By:___________________________

                                       3
<PAGE>

      The undersigned Grantee hereby (i) acknowledges receipt of an executed
original of this Agreement and (ii) accepts the right to receive the Common
Shares or other securities covered hereby, subject to the terms and conditions
of the Plan and the terms and conditions hereinabove set forth.

                                                  ______________________________
                                                  Grantee

                                                  Date:_________________________

                                       4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}]]