Document:

Exhibit 10.29

Compensation Arrangements for Non-Employee Directors

Revised
Compensation Structure.   On November 1, 2004, the
Governance Committee of the Board approved a revised compensation structure for
non-employee directors effective January 1, 2005.  The principal changes in directors’
compensation are to move the equity component of their annual compensation from
stock options to restricted stock units and increasing meeting fees for Board
and Committee meetings. The major provisions of directors’ compensation
structure include the following:

·       The
annual cash retainer will remain at $35,000 per year.

·       Beginning
in 2005, directors will also be granted annually at the conclusion of the
annual shareholders meeting 3,000 deferred shares of Company common stock with
restrictions that lapse upon the earlier of the first anniversary of grant, the
director’s death, disability, retirement or a change in control of the Company.
Directors were previously granted 7,000 stock options per year. The new
structure will make the Company’s overall Board fees more competitive, reflect
the expected future market practice when stock option expensing is required and
more closely link the directors’ equity compensation with shareholder
interests.

·       The
annual committee chair fee will remain at $5,000 per year.

·       The
meeting fees for board and committee meetings will increase from $1,000 to
$1,500 per meeting, to compensate directors for increased demands on their time
and increased frequency of meetings, and to make the fees more competitive.

·       Beginning
in 2005, new directors will receive a one-time grant of 4,000 deferred shares
of Company common stock upon their election to the Board, to assist in
attracting and retaining qualified new directors. As a matter of equitable treatment
for existing members of the Board, all directors serving at the conclusion of
the first Board meeting in 2005 will receive a one-time grant of 4,000 deferred
shares of Company common stock. The restrictions will lapse upon the earlier of
the third anniversary of grant, the director’s death, disability, retirement or
a change in control of the Company, as such terms are defined in the 2000 Stock
Incentive Plan.

Amendments to 2000 Stock Incentive Plan.   On
October 28, 2004 and November 1, 2004, respectively, the Compensation
Committee and the Governance Committee of the Board approved amendments to the
Equifax Inc. 2000 Stock Incentive Plan (the “2000 Plan”) to permit the issuance
of deferred shares of Company common stock to non-employee directors of the
Company as part of its overall stock compensation plan for directors.

Expense Reimbursement.   Directors
are also entitled to reimbursement of reasonable travel expenses associated
with Board and Committee meetings as well as costs and expenses incurred in
attending director education programs and other Company-related seminars and
conferences.

Stock Ownership Guidelines for Directors.   On
November 1, 2004, the Governance Committee of the Board approved guidelines
that require non-employee directors to own Company stock having a value of at
least four times the annual cash retainer (currently $140,000). These
guidelines are to be achieved by the fourth anniversary of the director’s
initial election to the Board, and by the date of the 2008 annual shareholders
meeting for current directors.Exhibit
10.30

 

SUMMARY
OF EXECUTIVE OFFICER COMPENSATION

(As
reported in Equifax Inc.’s

Current
Report on Form 8-K, filed

February 9,
2005)

 

On
February 3, 2005, the Compensation, Human Resources and Management
Succession Committee (“Committee”) of the Board of Directors of Equifax Inc. (“Equifax”)
reviewed and approved the payment of cash awards to named executive officers
pursuant to the 2004 Annual Incentive Plan (“AIP”), adopted under the
shareholder-approved Key Management Long-Term Incentive Plan.  The
Committee also reviewed and approved 2005 financial and individual management
objectives and their relative weightings.  Under both the 2004 and 2005
AIP, each executive has a bonus target expressed as a percentage of base
salary.  Bonus targets range from 40% to 80% of base salary and are based
upon a review of competitive practices for each job level.  Actual awards
can range from 0% to 200% of target, depending on performance against
pre-determined goals (earnings per share, revenue and individual management
objectives are weighted at 65%, 15% and 20%, respectively, of the targeted
incentive).  For 2004, the named executive officers received the following
awards:  Thomas F. Chapman, $1,125,668; Donald T. Heroman, $371,643; Kent
E. Mast, $349,164; Karen H. Gaston, $344,384; Paul J. Springman, $269,966; and
David J. Gunter, $130,098.  Mr. Springman was named an executive officer
by the Board of Directors on February 7, 2005.

 

The
Committee approved the following long-term incentive awards to named executive
officers pursuant to Equifax’s shareholder-approved 2000 Stock Incentive
Plan:  Mr. Chapman, 50,000 deferred share units; Mr. Heroman, 35,000 stock
options; Mr. Mast, 35,000 stock options; Ms. Gaston, 35,000 stock options; Mr.
Springman, 20,000 stock options; and Mr. Gunter, 7,500 stock options and 2,500
deferred share units.  Mr. Chapman’s award is pursuant to the terms of his
previously disclosed Transition Agreement with Equifax dated December 20,
2004, pursuant to which he will receive one-half of the value of his 2005
long-term incentive award in cash ($1,350,000) and the remainder in the form of
deferred share units valued at $1,350,000, which vest upon satisfaction of his
obligations under that agreement.  The stock options are non-qualified,
have a ten-year term and vest 25% on the grant date and 25% on each of the next
three grant date anniversaries if the holder remains employed by Equifax on
those dates, subject to acceleration in certain circumstances.   The
deferred share units granted to Mr. Gunter have a three-year vesting period,
subject to acceleration in certain circumstances.

 

The
Committee established the following annual base salaries of the named executive
officers after a review of performance and competitive market data:  Mr.
Chapman, $915,975; Mr. Heroman, $404,040; Mr. Mast, $356,475; Ms. Gaston,
$357,166; Mr. Springman, $330,000; and Mr. Gunter, $216,320.

 

The
Committee also took certain actions with respect to the Executive Life and
Supplemental Retirement Plan (“Plan”).  The Plan was adopted effective January 1,
2000, to provide executive life insurance benefits as well as supplemental
retirement benefits.  The retirement benefit amounts are designed to
approximate the value of tax-qualified retirement

 

 

benefits
which are lost for some executives as a result of the limitations on
compensation that can be considered under current tax law (commonly referred to
as “restoration benefits”).  The Plan is funded with collateral assignment
“split dollar” life insurance.  The Committee amended the Plan to provide
that (1) executive officers will receive only life insurance benefits and no
retirement benefits under the Supplemental Plan, in order to make permanent
Equifax’s suspension of premium payments after July 30, 2002 in compliance
with Sarbanes-Oxley Act prohibitions against loans to executive officers; (2)
participants will receive a federal and state income tax gross-up for the
imputed interest charges on cumulative premiums paid pursuant to new tax
regulations (instead of providing a gross-up for the economic value of the life
insurance provided to each participant under the plan, as originally adopted,
and subject to company discretion to charge interest and not provide a gross
up); and (3) all future executives who are terminated because their job is
eliminated (through a consolidation of jobs, an office closing or other similar
event) will become fully vested and will have a “rollout” of their policies,
meaning that all company premiums must be repaid to the company to the extent of
policy cash values in exchange for the release of all company restrictions on
the policy.

 

2Exhibit
10.31

 

EQUIFAX
INC.

2000
STOCK INCENTIVE PLAN

DEFERRED
SHARE AWARD AGREEMENT

 

This Deferred Share Award Agreement (the “Agreement”)
is dated as of the 3rd day of
February, 2005 and is entered into
between Equifax Inc., a Georgia corporation (the “Company”), and Thomas F. Chapman (the “Employee”).

 

In consideration of the mutual promises set
forth below, the parties hereto agree as follows.

 

1.                                       Grant of Deferred Shares.  Subject to the terms and conditions of this
Agreement and the Equifax Inc. 2000 Stock Incentive Plan (the “Plan”), the
terms of which are hereby incorporated herein by reference, effective as of the
date set forth above (“Grant Date”), the Company hereby grants to the Employee 50,000 restricted stock
units in the form of Deferred Shares under the Plan.  Capitalized terms used but not defined in
this Agreement shall have the meaning specified in the Plan.

 

2.                                       Vesting. 
Subject to Section 3 below, the Deferred Shares shall vest on December 31,
2005 (the “Vesting Date”); provided, however, if Employee successfully
completes and satisfies the terms of the Transition Agreement dated December 17,
2004, between the Employee and the Company (the “Transition Agreement”) such
that his Transition Period Termination Date (as defined in the Transition
Agreement) is prior to December 31, 2005, the Vesting Date shall be such
Transition Period Termination Date. 
Prior to the Vesting Date, the Deferred Shares shall be nontransferable
and, except as otherwise provided herein, shall be forfeited upon the Employee’s
termination of employment with the Company and its Subsidiaries.  The Committee reserves the right, in its sole
discretion, to waive or reduce the vesting requirements.

 

3.                                       Change in Control.

 

(a)                                  Change in Control.  In the event a Change in Control occurs while
the Employee is employed by the Company, all of the Deferred Shares awarded
pursuant to this Agreement shall become nonforfeitable and transferable as of
the date on which the Change in Control occurs.

 

(b)                                 Employment with a
Subsidiary.  For purposes of this Section and
Section 11, employment with
the Company includes employment with any Subsidiary of the Company.

 

 

4.                                       Stock Certificates.  Stock certificates evidencing the Deferred
Shares shall be issued as of the Vesting Date and registered in the Employee’s
name (or evidenced by a book entry or similar account).  Subject to Section 8 of this Agreement,
certificates (or appropriate evidence of ownership) representing the
unrestricted Common Shares will be delivered to the Employee (or to a party
designated by the Employee) as soon as practicable after the Vesting Date.

 

5.                                       Dividends. 
Employees granted Deferred Shares shall not be entitled to receive any
cash dividends, stock dividends or other distributions paid with respect to the
Common Shares, except in circumstances where the distribution is covered by Section 16
below.

 

6.                                       Tax Withholding Obligations.  The Employee shall be required to deposit
with the Company an amount of cash equal to the amount determined by the
Company to be required with respect to any withholding taxes, FICA
contributions, or the like under any federal, state, or local statute,
ordinance, rule, or regulation in connection with the award, deferral, or
settlement of the Deferred Shares. 
Alternatively, the Company may, at its sole election, withhold the
required amounts from the Employee’s pay during the pay periods next following
the date on which any such applicable tax liability otherwise arises.  The Committee, in its discretion, may permit
the Employee, subject to such conditions as the Committee shall require, to
elect to have the Company withhold a number of Common Shares otherwise
deliverable having a Fair Market Value sufficient to satisfy the statutory
minimum of all or part of the Employee’s estimated total federal, state, and
local tax obligations associated with vesting or settlement of the Deferred
Shares.  The Company shall not deliver
any of the Common Shares until and unless the Employee has made the deposit required
herein or proper provision for required withholding has been made.

 

7.                                       Restrictions on Transferability.  Until the Deferred Shares are vested as
provided above, they may not be sold, transferred, pledged, assigned, or
otherwise alienated at any time.  Any
attempt to do so contrary to the provisions hereof shall be null and void.

 

8.                                       Rights as Shareholder.  Except as provided in Section 5, the
Employee shall not have voting or any other rights as a shareholder of the
Company with respect to the Deferred Shares. 
Upon settlement of the Deferred Share units into Common Shares, the
Employee will obtain full voting and other rights as a shareholder of the
Company.

 

9.                                       Administration.  The Committee shall have the power to
interpret the Plan and this Agreement and to adopt such rules for the administration,
interpretation, and application of the Plan as are consistent therewith and to
interpret or revoke any such rules.  All
actions taken and all interpretations and determinations made by the Committee
shall be final and binding upon the Employee, the Company, and all other
interested persons.  No

 

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member of the Committee shall be personally
liable for any action, determination, or interpretation made in good faith with
respect to the Plan or this Agreement.

 

10.                                 Effect on Other Employee Benefit Plans.  The value of the Deferred Shares granted
pursuant to this Agreement shall not be included as compensation, earnings,
salaries, or other similar terms used when calculating the Employee’s benefits
under any employee benefit plan sponsored by the Company or any Subsidiary
except as such plan otherwise expressly provides.

 

11.                                 No Employment Rights.  The award of the Deferred Shares pursuant to
this Agreement shall not give the Employee any right to remain employed by the
Company or a Subsidiary, nor shall it interfere with or restrict the Company’s
right to terminate the Employee’s employment at any time.

 

12.                                 Amendment. 
This Agreement may be amended only by a writing executed by the Company
and the Employee which specifically states that it is amending this
Agreement.  Notwithstanding the
foregoing, this Agreement may be amended solely by the Committee by a writing
which specifically states that it is amending this Agreement, so long as a copy
of such amendment is delivered to the Employee, and provided that no such
amendment adversely affecting the rights of the Employee, hereunder may be made
without the Employee’s written consent. 
Without limiting the foregoing, the Committee reserves the right to change,
by written notice to the Employee, the provisions of the Deferred Shares or
this Agreement in any way it may deem necessary or advisable to carry out the
purpose of the grant as a result of any change in applicable laws or
regulations or any future law, regulation, ruling, or judicial decision,
provided that any such change shall be applicable only to Deferred Shares which
are then subject to restrictions as provided herein.

 

13.                                 Notices. 
Any notice to be given under the terms of this Agreement to the Company
shall be addressed to the Company in care of its Secretary.  Any notice to be given to Employee shall be
addressed to Employee at the address listed in the Company’s records.  By a notice given pursuant to this Section,
either party may designate a different address for notices.  Any notice shall have been deemed given when
actually delivered.

 

14.                                 Severability.  If all or any part of this Agreement or the
Plan is declared by any court or governmental authority to be unlawful or
invalid, such unlawfulness or invalidity shall not invalidate any portion of
this Agreement or the Plan not declared to be unlawful or invalid.  Any Section of this Agreement (or part
of such a Section) so declared to be unlawful or invalid shall, if possible, be
construed in a manner which will give effect to the terms of such Section or
part of a Section to the fullest extent possible while remaining lawful
and valid.

 

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15.                                 Construction.  The restricted stock units are being issued
in the form of Deferred Shares pursuant to Section 8 (Deferred Shares) of
the Plan and are subject to the terms of the Plan.  To the extent that any provision of this
Agreement violates or is inconsistent with an express provision of the Plan, the
Plan provision shall govern and any inconsistent provision in this Agreement
shall be of no force or effect.

 

16.                                 Adjustments to Deferred Shares.  The terms of this Deferred Share Award
Agreement will be adjusted in such manner as the Committee determines in
accordance with Section 10 of the Plan and any such adjustment shall be
effective and final, binding and conclusive for all purposes of this Agreement

 

17.                                 Governing Law.  This Agreement will be governed by and
enforced in accordance with the laws of the State of Georgia.

 

IN WITNESS WHEREOF, the parties have executed
and delivered this Agreement effective as of the day and year first above
written.

 

 

	
  Employee

  	
   

  	
  EQUIFAX INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
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  Date:

  	
   

  	
   

  	
   

  
					

 

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