Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.2    
  

 
 

Schedule
  
    Change of Control Employment Agreements    
  

        The following executive officers of the Company executed a Change of Control Employment Agreement substantially identical to the form of Change of Control
Employment Agreement incorporated herein by reference to Exhibit 10.2 to the Company's Annual Report on Form 10-K for the year ended December 31, 1997, except that the
number set forth in clause (a) of subparagraphs B. and C. in Section 6(a)(i) is as set forth below: 

	Officer
	 	Date of Agreement
	 	Section 6(a)(i)B and C

	David J. Petrini	 	August 19, 1997	 	Three
	Ellen Richey	 	August 29, 1997	 	Three
	James G. Jones	 	July 24, 2001	 	Three
	Susan Gleason	 	February 13, 2002	 	One
	Warren Wilcox	 	February 13, 2002	 	One

QuickLinks

Exhibit 10.2

Schedule Change of Control Employment AgreementsQuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.9.1    
  

 
 

PROVIDIAN FINANCIAL CORPORATION
  1999 NON-OFFICER EQUITY INCENTIVE PLAN
  UK SUB-PLAN
  
    and
  
    FIRST AMENDMENT TO THE
  PROVIDIAN FINANCIAL CORPORATION
  NON-OFFICER EQUITY INCENTIVE PLAN
 
  

 
 

As adopted on June 29, 1999    
  

1.    Article 1: Background and Purpose

	1.1
	The
Providian Financial Corporation 1999 Non-Officer Equity Incentive ("the Plan") was adopted on May 11, 1999, and is maintained by Providian Financial Corporation
(the "Company").

	1.2
	This
document constitutes the additional provisions (the "UK Sub-Plan") that are to be read in conjunction with the Plan and are applicable to those Participants under the
Plan who are liable to income tax in the United Kingdom. This UK Sub-Plan is hereby adopted by the Company on June 29, 1999 as an amendment to the Plan.

	1.3
	The
purpose of this UK Sub-Plan is to advance the interests of the Company by enabling it and its operating companies to attract and retain the best available personnel
for positions of substantial responsibility in the United Kingdom and to provide key directors and employees of the Company and its operating companies, in the United Kingdom, with an opportunity for
investment in the Company; thereby giving them an additional incentive to increase their efforts on behalf of the long term success of the Company and its operating companies. 

2.    Article 2: Definition and Construction

        All
terms used in this UK Sub-Plan shall have the meaning ascribed to them in the Plan, and if not defined in the Plan, shall be given their normal and ordinary meaning
except that: 

	(a)
	"Consultant"
shall mean any person, including an advisor or other form of independent contractor, engaged by the Company or any Affiliate to render consulting services and who is
compensated for such services, (provided that such services are not in connection with the offer or sale of securities in a capital-raising transaction, and do not directly or indirectly promote or
maintain a market for the Company's securities) who in any such case is liable to income tax in the United Kingdom, except that the term "Consultant" shall not include Employees, Officers, Directors,
Affiliate Directors or stockholders beneficially owning ten percent (10%) or more of the Company's Common Stock.

	(b)
	"Employee"
shall mean any person who is a full-time or part-time employee of the Company or an Affiliate who in any such case is liable to Schedule E
income tax in the United Kingdom, provided that the term "Employee" shall not include Directors, Affiliate Directors or Officers.

	(c)
	"UK
Sub-Plan" shall mean the provisions contained herein to be known as the Providian Financial Corporation 1999 Non-Officer Equity Incentive Plan UK
Sub-Plan, as the same may be amended from time to time. 

1

 

3.    Article 3: Incorporation of Plan

        This
UK Sub-Plan shall be ancillary and secondary to the Plan, and the provisions of this UK Sub-Plan shall be applicable to any Participant who has or shall have
a liability to United Kingdom income tax in respect of remuneration received or receivable from the Company, in which case the provisions of this UK Sub-Plan shall apply as well as the
provisions of the Plan. For the avoidance of doubt, this UK Sub-Plan does not apply to any Participants who do not have a United Kingdom income tax liability in respect of remuneration
received or receivable from the Company. 

4.    Article 4: Restriction on Vesting

        Any
vesting schedule determined by the Board pursuant to subsection 7(a)(ii) and subsection 7(b)(iii) defined by the passage of time shall not exceed a period of five years
from the date the Stock Bonus Award or Restricted Stock Award, as the case may be, is awarded unless the Board expressly determines otherwise. 

5.    Article 5: Withholding

	5.1
	A
Participant shall indemnify and keep indemnified, the Company and any Affiliate, on demand in respect of any income tax or primary Class I National Insurance contribution for
which the Company or any Affiliate is liable to account to the Inland Revenue under the Pay-As-You-Earn ("PAYE") system and for which it would not have been liable
to account but for the Participant's participation in the Plan (save to the extent that any such company has already recovered any such income tax or National Insurance contribution by deduction under
the PAYE system).

	5.2
	The
Company or any Affiliate shall be entitled, if it wishes, to deduct and retain any amount to which it is entitled under this Article 5 from any payment which is due from it
to the Participant.

	5.3
	The
Company (in its own right and as trustee for any Affiliate) shall have a lien over any shares of Common Stock, whether fully or partly paid, which have been issued, or are to be
issued, to a Participant as security for an amount to which the Company or Affiliate is entitled under this Article 5 from the Participant. The Company shall be entitled to register in the
names of such nominee for the Participant as the Company shall direct such number of shares of Common Stock to be awarded to the Participant as the Company determines will have sufficient value, after
taking into account any expenses of sale, to cover any amount under this Article 5, such shares (the "Indemnity Shares") to be held by the nominee on the following basis: 

	 	 	5.3.1	 	if the Participant makes full payment of any sum due under this Article 5 within 30 days of written demand therefor being made by the Company, the Indemnity Shares shall be re-registered in the Participant's
name; and
	

 	
 	

5.3.2	
 	

if the Participant does not make payment as specified above, then the nominee shall be authorised and instructed to sell such number of the Indemnity Shares as the Company may direct be sold and shall account to (a) the relevant company for the
proceeds of sale up to the amount required to satisfy the Participant's liability under this Article 5 and (b) the Participant for any balance of any said proceeds after deducting any expenses of sale.

	5.4
	For
the avoidance of doubt, this Article 5 shall apply in addition to the provisions of subsection 10(e) of the Plan. 

2

 

6.    Article 6: Basis of participation in the Plan

	6.1
	Notwithstanding
any other provision of the Plan: 

	 	 	6.1.1	 	the Plan shall not form part of any contract of employment between the Company or any Affiliate and a Participant;
	

 	
 	

6.1.2	
 	

the benefit to a Participant of participation in the Plan shall not form any part of his remuneration or count as his remuneration for any purpose; and
	

 	
 	

6.1.3	
 	

if a Participant ceases to be employed by the Company or any Affiliate, he shall not be entitled to compensation for the loss of any right or benefit or prospective right or benefit under the Plan whether by way of damages for unfair dismissal,
wrongful dismissal, breach of contract or otherwise.

	6.2
	It
is a condition of participation in the Plan (which is voluntary) that the Participant agrees and accepts: 

	 	 	6.2.1	 	the provisions of Article 6.1; and
	

 	
 	

6.2.2	
 	

that the Participants shall not be entitled to compensation for the loss of any value or prospective value or of any right or benefit or prospective right or benefit in respect of any Stock Award;

and
by accepting the grant of a Stock Award, a Participant shall be deemed to have agreed to the terms of the Plan and UK Sub-Plan. 

        In Witness Hereof, this UK Sub-Plan is executed and adopted on behalf of the Company by the undersigned duly authorized
officer on the date specified above. 

	 
	 	 
	 	 

	 	 	 	 	PROVIDIAN FINANCIAL CORPORATION
	

 	
 	

By:	
 	

/s/  SHAILESH MEHTA      
 Shailesh Mehta
 Chief Executive Officer

3

QuickLinks

Exhibit 10.9.1

PROVIDIAN FINANCIAL CORPORATION 1999 NON-OFFICER EQUITY INCENTIVE PLAN UK SUB-PLAN and FIRST AMENDMENT TO THE PROVIDIAN FINANCIAL CORPORATION NON-OFFICER EQUITY INCENTIVE PLAN

As adopted on June 29, 1999QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.9.2    
  

 
 

PROVIDIAN FINANCIAL CORPORATION
  
    AMENDMENT NO. 2
  TO 1999 NON-OFFICER EQUITY INCENTIVE PLAN    
  

        This AMENDMENT NO. 2 TO 1999 NON-OFFICER EQUITY INCENTIVE PLAN is adopted this
27th of September, 2001 with respect to the 1999 Non-Officer Equity Incentive Plan adopted on May 11, 1999, as supplemented and amended by the 1999
Non-Officer Equity Incentive Plan UK Sub-Plan and First Amendment to the Providian Financial Corporation Non-Officer Equity Incentive Plan adopted on
June 29, 1999 (as so supplemented and amended, the "Plan"). 

1.    AMENDMENT TO PLAN.  

Section 4(a)
of the Plan is hereby amended to read as follows in its entirety: 

        (a)  Share Reserve. Subject to the provisions of Section 11 relating to adjustments upon changes in Common Stock, the
Common Stock that may be issued pursuant to Stock Awards shall not exceed in the aggregate nine million (9,000,000) shares of Common Stock. 

Except
as amended hereby, the Plan remains in full force and effect. 

2.    EFFECTIVE DATE OF AMENDMENT.  

This
Amendment shall become effective as of the date of its adoption. 

3.    CHOICE OF LAW.  

        The
law of the State of California shall govern all questions concerning the construction, validity and interpretation of this Amendment, without regard to such state's conflict of laws
rules. 

4.    EXECUTION.  

        The
Human Resources Committee of the Board of Directors of Providian Financial Corporation (the "Company"), pursuant to the authority delegated to such Committee pursuant to
Section 3(c) of the Plan, has adopted this Amendment as of the date and year first above written. To evidence the adoption of this Amendment by the Committee, the Company has caused its duly
authorized officer to execute this Amendment on behalf of the Company. 

	 
	 	 
	 	 
	 	 

	 	 	PROVIDIAN FINANCIAL CORPORATION
	

 	
 	
By	
 	

/s/  F. WARREN MCFARLAN      

	 	 	 	 	Name:	 	F. Warren McFarlan
	 	 	 	 	Title:	 	Chairman of the Human Resources Committee

Providian Financial Corporation

QuickLinks

Exhibit 10.9.2

PROVIDIAN FINANCIAL CORPORATION AMENDMENT NO. 2 TO 1999 NON-OFFICER EQUITY INCENTIVE PLAN

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]