Document:

exv10w6

Exhibit 10.6

LENDER PROCESSING SERVICES, INC.

2008 OMNIBUS INCENTIVE PLAN

 

Table of Contents

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	A1rticle 1.	 	Establishment, Objectives, and Duration	 	 	1	 
	 

	 	1.1
	 	Establishment of the Plan
	 	 	1	 
	 

	 	1.2
	 	Objectives of the Plan
	 	 	1	 
	 

	 	1.3
	 	Duration of the Plan
	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	Article 2.	 	Definitions	 	 	1	 
	 

	 	2.1
	 	“Award”
	 	 	1	 
	 

	 	2.2
	 	“Award Agreement”
	 	 	1	 
	 

	 	2.3
	 	“Beneficial Ownership”
	 	 	1	 
	 

	 	2.4
	 	“Board”
	 	 	1	 
	 

	 	2.5
	 	“Change in Control”
	 	 	2	 
	 

	 	2.6
	 	“Code”
	 	 	3	 
	 

	 	2.7
	 	“Committee”
	 	 	3	 
	 

	 	2.8
	 	“Company”
	 	 	3	 
	 

	 	2.9
	 	“Consultant”
	 	 	3	 
	 

	 	2.10
	 	“Director”
	 	 	3	 
	 

	 	2.11
	 	“Dividend Equivalent”
	 	 	3	 
	 

	 	2.12
	 	“Effective Date”
	 	 	3	 
	 

	 	2.13
	 	“Employee”
	 	 	3	 
	 

	 	2.14
	 	“Exchange Act”
	 	 	3	 
	 

	 	2.15
	 	“Exercise Price”
	 	 	3	 
	 

	 	2.16
	 	“Fair Market Value”
	 	 	3	 
	 

	 	2.17
	 	“Freestanding SAR”
	 	 	4	 
	 

	 	2.18
	 	“Incentive Stock Option” or “ISO”
	 	 	4	 
	 

	 	2.19
	 	“Nonqualified Stock Option” or “NQSO”
	 	 	4	 
	 

	 	2.20
	 	“Option”
	 	 	4	 
	 

	 	2.21
	 	“Other Award”
	 	 	4	 
	 

	 	2.22
	 	“Participant”
	 	 	4	 
	 

	 	2.23
	 	“Performance-Based Exception”
	 	 	4	 
	 

	 	2.24
	 	“Performance Period”
	 	 	4	 
	 

	 	2.25
	 	“Performance Share”
	 	 	4	 
	 

	 	2.26
	 	“Performance Unit”
	 	 	4	 
	 

	 	2.27
	 	“Period of Restriction”
	 	 	4	 
	 

	 	2.28
	 	“Person”
	 	 	4	 
	 

	 	2.29
	 	“Replacement Awards”
	 	 	4	 
	 

	 	2.30
	 	“Restricted Stock”
	 	 	5	 
	 

	 	2.31
	 	“Restricted Stock Unit”
	 	 	5	 
	 

	 	2.32
	 	“Share”
	 	 	5	 
	 

	 	2.33
	 	“Stock Appreciation Right” or “SAR”
	 	 	5	 
	 

	 	2.34
	 	“Subsidiary”
	 	 	5	 
	 

	 	2.35
	 	“Tandem SAR”
	 	 	5	 

i

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	Article 3.	 	Administration	 	 	5	 
	 

	 	3.1
	 	The Committee
	 	 	5	 
	 

	 	3.2
	 	Authority of the Committee
	 	 	5	 
	 

	 	3.3
	 	Decisions Binding
	 	 	5	 
	 
	 	 	 	 	 	 	 	 
	Article 4.	 	Shares Subject to the Plan; Individual Limits; and Anti-Dilution Adjustments	 	 	6	 
	 

	 	4.1
	 	Number of Shares Available for Grants.
	 	 	6	 
	 

	 	4.2
	 	Individual Limits
	 	 	6	 
	 

	 	4.3
	 	Adjustments in Authorized Shares and Awards
	 	 	7	 
	 
	 	 	 	 	 	 	 	 
	Article 5.	 	Eligibility and Participation	 	 	7	 
	 

	 	5.1
	 	Eligibility
	 	 	7	 
	 

	 	5.2
	 	Actual Participation
	 	 	8	 
	 
	 	 	 	 	 	 	 	 
	Article 6.	 	Options	 	 	8	 
	 

	 	6.1
	 	Grant of Options
	 	 	8	 
	 

	 	6.2
	 	Award Agreement
	 	 	8	 
	 

	 	6.3
	 	Exercise Price
	 	 	8	 
	 

	 	6.4
	 	Duration of Options
	 	 	8	 
	 

	 	6.5
	 	Exercise of Options
	 	 	8	 
	 

	 	6.6
	 	Payment
	 	 	8	 
	 

	 	6.7
	 	Restrictions on Share Transferability
	 	 	9	 
	 

	 	6.8
	 	Dividend Equivalents
	 	 	9	 
	 

	 	6.9
	 	Termination of Employment or Service
	 	 	9	 
	 

	 	6.10
	 	Nontransferability of Options.
	 	 	9	 
	 
	 	 	 	 	 	 	 	 
	Article 7.	 	Stock Appreciation Rights	 	 	9	 
	 

	 	7.1
	 	Grant of SARs
	 	 	9	 
	 

	 	7.2
	 	Exercise of Tandem SARs
	 	 	9	 
	 

	 	7.3
	 	Exercise of Freestanding SARs
	 	 	10	 
	 

	 	7.4
	 	Award Agreement
	 	 	10	 
	 

	 	7.5
	 	Term of SARs
	 	 	10	 
	 

	 	7.6
	 	Payment of SAR Amount
	 	 	10	 
	 

	 	7.7
	 	Dividend Equivalents
	 	 	10	 
	 

	 	7.8
	 	Termination of Employment or Service
	 	 	10	 
	 

	 	7.9
	 	Nontransferability of SARs
	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	Article 8.	 	Restricted Stock	 	 	11	 
	 

	 	8.1
	 	Grant of Restricted Stock
	 	 	11	 
	 

	 	8.2
	 	Award Agreement
	 	 	11	 
	 

	 	8.3
	 	Other Restrictions
	 	 	11	 
	 

	 	8.4
	 	Removal of Restrictions
	 	 	11	 
	 

	 	8.5
	 	Voting Rights
	 	 	11	 
	 

	 	8.6
	 	Dividends and Other Distributions
	 	 	11	 
	 

	 	8.7
	 	Termination of Employment or Service
	 	 	12	 
	 

	 	8.8
	 	Nontransferability of Restricted Stock
	 	 	12	 

ii

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	Article 9.	 	Restricted Stock Units and Performance Shares	 	 	12	 
	 

	 	9.1
	 	Grant of Restricted Stock Units/Performance Shares
	 	 	12	 
	 

	 	9.2
	 	Award Agreement
	 	 	12	 
	 

	 	 9.3
	 	Form and Timing of Payment
	 	 	12	 
	 

	 	9.4
	 	Voting Rights
	 	 	12	 
	 

	 	9.5
	 	Dividend Equivalents
	 	 	12	 
	 

	 	9.6
	 	Termination of Employment or Service
	 	 	13	 
	 

	 	9.7
	 	Nontransferability
	 	 	13	 
	 
	 	 	 	 	 	 	 	 
	Article 10.	 	Performance Units	 	 	13	 
	 

	 	10.1
	 	Grant of Performance Units
	 	 	13	 
	 

	 	10.2
	 	Award Agreement
	 	 	13	 
	 

	 	10.3
	 	Value of Performance Units
	 	 	13	 
	 

	 	10.4
	 	Form and Timing of Payment
	 	 	13	 
	 

	 	10.5
	 	Dividend Equivalents
	 	 	13	 
	 

	 	10.6
	 	Termination of Employment or Service
	 	 	13	 
	 

	 	10.7
	 	Nontransferability
	 	 	14	 
	 
	 	 	 	 	 	 	 	 
	Article 11.	 	Other Awards	 	 	14	 
	 

	 	11.1
	 	Grant of Other Awards
	 	 	14	 
	 

	 	11.2
	 	Payment of Other Awards
	 	 	14	 
	 

	 	11.3
	 	Termination of Employment or Service
	 	 	14	 
	 

	 	11.4
	 	Nontransferability
	 	 	14	 
	 
	 	 	 	 	 	 	 	 
	Article 12.	 	Replacement Awards	 	 	14	 
	 
	 	 	 	 	 	 	 	 
	Article 13.	 	Performance Measures	 	 	14	 
	 
	 	 	 	 	 	 	 	 
	Article 14.	 	Beneficiary Designation	 	 	15	 
	 
	 	 	 	 	 	 	 	 
	Article 15.	 	Deferrals	 	 	15	 
	 
	 	 	 	 	 	 	 	 
	Article 16.	 	Rights of Participants	 	 	16	 
	 

	 	16.1
	 	Continued Service
	 	 	16	 
	 

	 	16.2
	 	Participation
	 	 	16	 
	 
	 	 	 	 	 	 	 	 
	Article 17.	 	Change in Control	 	 	16	 
	 
	 	 	 	 	 	 	 	 
	Article 18.	 	Additional Forfeiture Provisions	 	 	16	 
	 
	 	 	 	 	 	 	 	 
	Article 19.	 	Amendment, Modification, and Termination	 	 	17	 
	 

	 	19.1
	 	Amendment, Modification, and Termination
	 	 	17	 
	 

	 	19.2
	 	Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurrin
Events
	 	 	g

17	 
	 

	 	19.3
	 	Awards Previously Granted
	 	 	17	 
	 

	 	19.4
	 	Compliance with the Performance-Based Exception
	 	 	17	 

iii

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page
	Article 20.	 	Withholding	 	 	18	 
	 

	 	20.1
	 	Withholding
	 	 	18	 
	 

	 	20.2
	 	Use of Shares to Satisfy Withholding Obligation
	 	 	18	 
	 
	 	 	 	 	 	 	 	 
	Article 21.	 	Indemnification	 	 	18	 
	 
	 	 	 	 	 	 	 	 
	Article 22.	 	Successors	 	 	18	 
	 
	 	 	 	 	 	 	 	 
	Article 23.	 	Legal Construction	 	 	19	 
	 

	 	23.1
	 	Gender, Number and References
	 	 	19	 
	 

	 	23.2
	 	Severability
	 	 	19	 
	 

	 	23.3
	 	Requirements of Law
	 	 	19	 
	 

	 	23.4
	 	Governing Law
	 	 	19	 
	 

	 	23.5
	 	Non-Exclusive Plan
	 	 	19	 
	 

	 	23.6
	 	Code Section 409A Compliance
	 	 	19	 

iv

 

Lender Processing Services, Inc.

2008 Omnibus Incentive Plan

Article 1. Establishment, Objectives, and Duration

     1.1 Establishment of the Plan. Lender Processing Services, Inc., a Delaware
corporation, hereby establishes an incentive compensation plan to be known as the “Lender
Processing Services, Inc. 2008 Omnibus Incentive Plan” (hereinafter referred to as the “Plan”). The
Plan permits the granting of Nonqualified Stock Options, Incentive Stock Options, Stock
Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares, Performance
Units and Other Awards.

     The Plan shall be effective on July 1, 2008 (the “Effective Date”), and was approved by
Fidelity National Information Services, Inc., as sole stockholder of the Company. The Plan shall
remain in effect as provided in Section 1.3 hereof.

     1.2 Objectives of the Plan. The objectives of the Plan are to optimize the
profitability and growth of the Company through incentives that are consistent with the Company’s
goals and that link the personal interests of Participants to those of the Company’s stockholders.

     The Plan is further intended to provide flexibility to the Company in its ability to motivate,
attract and retain the services of Participants who make or are expected to make significant
contributions to the Company’s success and to allow Participants to share in the success of the
Company.

     1.3 Duration of the Plan. No Award may be granted under the Plan after the day
immediately preceding the tenth anniversary of the Effective Date, or such earlier date as the
Board shall determine. The Plan will remain in effect with respect to outstanding Awards until no
Awards remain outstanding.

Article 2. Definitions

     The following terms, when capitalized, shall have the meanings set forth below:

     2.1 “Award” means, individually or collectively, Nonqualified Stock Options, Incentive Stock Options, Stock
Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares, Performance
Units, and Other Awards granted under the Plan.

     2.2 “Award Agreement” means an agreement entered into by the Company and a Participant setting forth the terms and
provisions applicable to an Award.

     2.3 “Beneficial Ownership” shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules and Regulations
under the Exchange Act.

     2.4 “Board” means the Board of Directors of the Company.

1

 

     2.5 “Change in Control” means that the conditions set forth in any one of the following subsections shall have been
satisfied:

          (a) an acquisition immediately after which any Person possesses direct or indirect Beneficial
Ownership of 25% or more of either the then outstanding shares of Company common stock (the
“Outstanding Company Common Stock”) or the combined voting power of the then outstanding voting
securities of the Company entitled to vote generally in the election of directors (the “Outstanding
Company Voting Securities”); provided that the following acquisitions shall be excluded: (i) any
acquisition directly from the Company, other than an acquisition by virtue of the exercise of a
conversion privilege unless the security being so converted was itself acquired directly from the
Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan
(or related trust) sponsored or maintained by the Company or a Subsidiary, or (iv) any acquisition
pursuant to a transaction that complies with paragraphs (i), (ii) and (iii) of subsection (c) of
this Section 2.5; or

          (b) during any period of two consecutive years, the individuals who, as of the beginning of
such period, constitute the Board (such Board shall be hereinafter referred to as the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board; provided that for
purposes of this Section 2.5, any individual who becomes a member of the Board subsequent to the
beginning of such period and whose election, or nomination for election by the Company’s
stockholders, was approved by a vote of at least two-thirds of those individuals who are members of
the Board and who were also members of the Incumbent Board (or deemed to be such pursuant to this
proviso) shall be considered as though such individual were a member of the Incumbent Board;
provided, further, that any such individual whose initial assumption of office occurs as a result
of either an actual or threatened election contest or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board shall not be so considered as
a member of the Incumbent Board; or

          (c) consummation of a reorganization, merger, share exchange, consolidation or sale or other
disposition of all or substantially all of the assets of the Company (“Corporate Transaction”);
excluding, however, such a Corporate Transaction pursuant to which:

          (i) all or substantially all of the individuals and entities who have Beneficial
Ownership, respectively, of the Outstanding Company Common Stock and Outstanding Company
Voting Securities immediately prior to such Corporate Transaction will have Beneficial
Ownership, directly or indirectly, of more than 50% of, respectively, the outstanding shares
of common stock and the combined voting power of the then outstanding voting securities
entitled to vote generally in the election of directors, as the case may be, of the
corporation resulting from such Corporate Transaction (including, without limitation, the
Company or a corporation that as a result of such transaction owns the Company or all or
substantially all of the Company’s assets either directly or through one or more
subsidiaries) (the “Resulting Corporation”) in substantially the same proportions as their
ownership, immediately prior to such Corporate Transaction, of the Outstanding Company
Common Stock and Outstanding Company Voting Securities, as the case may be;

          (ii) no Person (other than (1) the Company, (2) an employee benefit plan (or related
trust) sponsored or maintained by the Company or Resulting Corporation, or

2

 

(3) any entity
controlled by the Company or Resulting Corporation) will have Beneficial Ownership, directly
or indirectly, of 25% or more of, respectively, the outstanding shares of common stock of
the Resulting Corporation or the combined voting power of the outstanding voting securities
of the Resulting Corporation entitled to vote generally in the election of directors, except
to the extent that such ownership existed prior to the Corporate Transaction; and

          (iii) individuals who were members of the Incumbent Board will continue to constitute
at least a majority of the members of the board of directors of the Resulting Corporation;
or

          (d) the approval by the stockholders of the Company of a complete liquidation or dissolution
of the Company.

     For avoidance of doubt, no event or transaction which occurred or occurs as a result of the
Contribution and Distribution Agreement dated as of June 13, 2008, by and between Fidelity National
Information Services, Inc. and the Company, or the spin-off of the Company from Fidelity National
Information Services, Inc. shall constitute a Change in Control for purposes of the Plan

     2.6 “Code” means the Internal Revenue Code of 1986, as amended from time to time.

     2.7 “Committee”
means the entity, as specified in Section 3.1, authorized to administer the Plan.

     2.8 “Company”
means Lender Processing Services, Inc., a Delaware corporation, and any successor thereto.

     2.9 “Consultant”
means any consultant or advisor to the Company or a Subsidiary.

     2.10 “Director”
means any individual who is a member of the Board of Directors of the Company or a Subsidiary.

     2.11 “Dividend Equivalent”
means, with respect to Shares subject to an Award, a right to be paid an amount equal to the
dividends declared and paid on an equal number of outstanding Shares.

     2.12 “Effective Date”
shall have the meaning ascribed to such term in Section 1.1 hereof.

     2.13 “Employee”
means any employee of the Company or a Subsidiary.

     2.14 “Exchange Act”
means the Securities Exchange Act of 1934, as amended from time to time.

     2.15 “Exercise Price”
means the price at which a Share may be purchased by a Participant pursuant to an Option.

     2.16 “Fair Market Value”
means the fair market value of a Share as determined in good faith by the Committee or pursuant to
a procedure specified in good faith by the Committee;

3

 

provided, however, that if the Committee has
not specified otherwise, Fair Market Value shall mean the closing price of a Share as reported in a
consolidated transaction reporting system on the date of valuation, or, if there was no such sale
on the relevant date, then on the last previous day on which a sale was reported.

     2.17 “Freestanding SAR”
means an SAR that is granted independently of any Options, as described in Article 7 herein.

     2.18 “Incentive Stock Option” or “ISO”
means an Option that is intended to meet the requirements of Code Section 422.

     2.19 “Nonqualified Stock Option” or “NQSO”
means an Option that is not intended to meet the requirements of Code Section 422.

     2.20 “Option”
means an Incentive Stock Option or a Nonqualified Stock Option granted under the Plan, as described
in Article 6 herein.

     2.21 “Other Award”
means a cash, Share-based or Share-related Award (other than an Award described in Article 6, 7, 8,
9 or 10 of the Plan) that is granted pursuant to Article 11 herein.

     2.22 “Participant”
means a current or former Employee, Director or Consultant who has rights relating to an
outstanding Award.

     2.23 “Performance-Based Exception”
means the performance-based exception from the tax deductibility limitations of Code Section
162(m).

     2.24 “Performance Period”
means the period during which a performance measure must be met.

     2.25 “Performance Share”
means an Award granted to a Participant, as described in Article 9 herein.

     2.26 “Performance Unit”
means an Award granted to a Participant, as described in Article 10 herein.

     2.27 “Period of Restriction”
means the period Restricted Stock or Restricted Stock Units are subject to a substantial risk of
forfeiture and are not transferable, as provided in Articles 8 and 9 herein.

     2.28 “Person”
shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in
Sections 13(d) and 14(d) thereof.

     2.29 “Replacement Awards”
means Awards issued in substitution of awards granted under equity-based incentive plans sponsored
or maintained by an entity with which the Company engages in a merger, acquisition or other
business transaction, pursuant to which awards relating to interests in such entity (or a related
entity) are outstanding immediately prior to such merger, acquisition or other business
transaction. For all purposes hereunder, Replacement Awards shall be deemed Awards.

4

 

     2.30 “Restricted Stock”
means an Award granted to a Participant, as described in Article 8 herein.

     2.31 “Restricted Stock Unit”
means an Award granted to a Participant, as described in Article 9 herein.

     2.32 “Share”
means a share of Class A common stock of the Company, par value $0.0001 per share, subject to
adjustment pursuant to Section 4.3 hereof.

     2.33 “Stock Appreciation Right” or “SAR”
means an Award granted to a Participant, either alone or in connection with a related Option, as
described in Article 7 herein.

     2.34 “Subsidiary”
means any corporation in which the Company owns, directly or indirectly, at least fifty percent
(50%) of the total combined voting power of all classes of stock, or any other entity (including,
but not limited to, partnerships and joint ventures) in which the Company owns, directly or
indirectly, at least fifty percent (50%) of the combined equity thereof. Notwithstanding the
foregoing, for purposes of determining whether any individual may be a Participant for purposes of
any grant of Incentive Stock Options, “Subsidiary” shall have the meaning ascribed to such term in
Code Section 424(f).

     2.35 “Tandem SAR”
means an SAR that is granted in connection with a related Option, as described in Article 7 herein.

Article 3. Administration

     3.1 The Committee. The Plan shall be administered by the Compensation Committee of
the Board or such other committee as the Board shall select (the “Committee”). The members of the
Committee shall be appointed from time to time by, and shall serve at the discretion of, the Board.

     3.2 Authority of the Committee. Except as limited by law or by the Amended and
Restated Certificate of Incorporation or Amended and Restated Bylaws of the Company, as amended
from time to time, and subject to the provisions herein, the Committee shall have full power to
select the Employees, Directors and Consultants who shall participate in the Plan; determine the
sizes and types of Awards; determine the terms and conditions of Awards in a manner consistent with
the Plan; construe and interpret the Plan and any Award Agreement or other agreement or instrument
entered into in connection with the Plan; establish, amend, or waive rules and regulations for the
Plan’s administration; and, subject to the provisions of Section 19.3 herein, amend the terms and
conditions of any outstanding Award and Award Agreement. Further, the Committee shall make all
other determinations that may be necessary or advisable for the administration of the Plan. As
permitted by law, the Committee may delegate its authority as identified herein.

     3.3 Decisions Binding. All determinations and decisions made by the Committee
pursuant to the provisions of the Plan and all related orders and resolutions of the Board shall be
final, conclusive and binding on all persons, including the Company, its Subsidiaries, its
stockholders, Directors, Employees, Consultants and their estates and beneficiaries and any
transferee of an Award.

5

 

Article 4. Shares Subject to the Plan; Individual Limits; and Anti-Dilution Adjustments

     4.1 Number of Shares Available for Grants.

          (a) Subject to adjustment as provided in Section 4.3 herein, the maximum number of Shares that
may be delivered pursuant to Awards under the Plan shall be 14,000,000, provided that:

          (i) Shares that are potentially deliverable under an Award granted under the Plan that
is canceled, forfeited, settled in cash, expires or is otherwise terminated without delivery
of such Shares shall not be counted as having been delivered under the Plan.

          (ii) Shares that have been issued in connection with an Award of Restricted Stock that
is canceled or forfeited prior to vesting or settled in cash, causing the Shares to be
returned to the Company, shall not be counted as having been delivered under the Plan.

     If Shares are returned to the Company in satisfaction of taxes relating to Restricted Stock,
in connection with a cash out of Restricted Stock (but excluding upon forfeiture of Restricted
Stock) or in connection with the tendering of Shares by a Participant in satisfaction of the
Exercise Price or taxes relating to an Award, such issued Shares shall not become available again
under the Plan. Each SAR issued under the Plan will be counted as one share issued under the Plan
without regard to the number of Shares issued to the Participant upon exercise of such SAR.

     Shares delivered pursuant to the Plan may be authorized but unissued Shares, treasury Shares
or Shares purchased on the open market.

          (b) Subject to adjustment as provided in Section 4.3 herein, all Shares available under the
Plan may be delivered in connection with “full value Awards,” meaning Awards other than Options,
SARs, or Other Awards for which the Participant pays the grant date intrinsic value.

          (c) Notwithstanding the foregoing, for purposes of determining the number of Shares available
for grant as Incentive Stock Options, only Shares that are subject to an Award that expires or is
cancelled, forfeited or settled in cash shall be treated as not having been issued under the Plan.

     4.2 Individual Limits. Subject to adjustment as provided in Section 4.3 herein, the
following rules shall apply with respect to Awards and any related dividends or Dividend
Equivalents intended to qualify for the Performance-Based Exception:

          (a) Options: The maximum aggregate number of Shares with respect to which Options may be
granted in any one fiscal year to any one Participant shall be 4,000,000 Shares.

          (b) SARs: The maximum aggregate number of Shares with respect to which Stock Appreciation
Rights may be granted in any one fiscal year to any one Participant shall be 4,000,000 Shares.

6

 

          (c) Restricted Stock: The maximum aggregate number of Shares of Restricted Stock that may be
granted in any one fiscal year to any one Participant shall be 2,000,000 Shares.

          (d) Restricted Stock Units: The maximum aggregate number of Shares with respect to which
Restricted Stock Units may be granted in any one fiscal year to any one Participant shall be
2,000,000 Shares.

          (e) Performance Shares: The maximum aggregate number of Shares with respect to which
Performance Shares may be granted in any one fiscal year to any one Participant shall be 2,000,000
Shares.

          (f) Performance Units: The maximum aggregate compensation that can be paid pursuant to
Performance Units awarded in any one fiscal year to any one Participant shall be $25,000,000 or a
number of Shares having an aggregate Fair Market Value not in excess of such amount.

          (g) Other Awards: The maximum aggregate compensation that can be paid pursuant to Other
Awards awarded in any one fiscal year to any one Participant shall be $25,000,000 or a number of
Shares having an aggregate Fair Market Value not in excess of such amount.

          (h) Dividends and Dividend Equivalents: The maximum dividend or Dividend Equivalent that may
be paid in any one fiscal year to any one Participant shall be $25,000,000.

     4.3 Adjustments in Authorized Shares and Awards. In the event of any equity
restructuring (within the meaning of Financial Accounting Standards No. 123R), such as a stock
dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring
cash dividend, the Committee shall cause an equitable adjustment to be made (i) in the number and
kind of Shares that may be delivered under the Plan under Section 4.1 hereof, (ii) in the
individual limitations set forth in Section 4.2 hereof and (iii) with respect to outstanding
Awards, in the number and kind of Shares subject to outstanding Awards, the Exercise Price, grant
price or other price of Shares subject to outstanding Awards, any performance conditions relating
to Shares, the market price of Shares, or per-Share results, and other terms and conditions of
outstanding Awards, in the case of (i), (ii) and (iii) to prevent dilution or enlargement of
rights. In the event of any other change in corporate capitalization, such as a merger,
consolidation or liquidation, the Committee may, in its sole discretion, cause an equitable
adjustment as described in the foregoing sentence to be made, to prevent dilution or enlargement of
rights. The number of Shares subject to any Award shall always be rounded down to a whole number
when adjustments are made pursuant to this Section 4.3. Adjustments made by the Committee pursuant
to this Section 4.3 shall be final, binding and conclusive.

Article 5. Eligibility and Participation

     5.1 Eligibility. Persons eligible to participate in the Plan include all Employees,
Directors and Consultants.

     5.2 Actual Participation. Subject to the provisions of the Plan, the Committee may,
from time to time, select from all eligible Employees, Directors and Consultants, those to whom
Awards shall be granted and shall determine the nature and amount of each Award.

7

 

Article 6. Options

     6.1 Grant of Options. Subject to the terms and provisions of the Plan, Options may be
granted to Participants in such amounts, upon such terms, and at such times as the Committee shall
determine.

     6.2 Award Agreement. Each Option grant shall be evidenced by an Award Agreement that
shall specify the Exercise Price, the duration of the Option, the number of Shares to which the
Option pertains, and such other provisions as the Committee shall determine. The Award Agreement
also shall specify whether the Option is intended to be an ISO or an NQSO. Options that are
intended to be ISOs shall be subject to the limitations set forth in Code Section 422.

     6.3 Exercise Price. The Exercise Price for each grant of an Option under the Plan
shall be at least equal to one hundred percent (100%) of the Fair Market Value of a Share on the
date the Option is granted; provided, however, that this restriction shall not apply to Replacement
Awards or Awards that are adjusted pursuant to Section 4.3 herein. No ISO granted to a Participant
who, at the time the ISO is granted, owns stock representing more than ten percent (10%) of the
voting power of all classes of stock of the Company or any Subsidiary shall have an Exercise Price
that is less than one hundred ten percent (110%) of the Fair Market Value of a Share on the date
the ISO is granted.

     6.4 Duration of Options. Each Option granted to a Participant shall expire at such
time as the Committee shall determine at the time of grant; provided, however, that no Option shall
be exercisable later than the tenth (10th) anniversary date of its grant. No ISO granted to a
Participant who, at the time the ISO is granted, owns stock representing more than ten percent
(10%) of the voting power of all classes of stock of the Company or any Subsidiary shall be
exercisable later than the fifth (5th) anniversary of the date of its grant.

     6.5 Exercise of Options. Options granted under this Article 6 shall be exercisable at
such times and be subject to such restrictions and conditions as set forth in the Award Agreement
and as the Committee shall in each instance approve, which need not be the same for each grant or
for each Participant.

     6.6 Payment. Options granted under this Article 6 shall be exercised by the delivery
of a written notice of exercise to the Company, setting forth the number of Shares with respect to
which the Option is to be exercised and specifying the method of payment of the Exercise Price.

     The Exercise Price of an Option shall be payable to the Company in full: (a) in cash or its
equivalent, (b) by tendering Shares or directing the Company to withhold Shares from the Option
having an aggregate Fair Market Value at the time of exercise equal to the Exercise Price, (c) by
broker-assisted cashless exercise, (d) in any other manner then permitted by the Committee, or (e)
by a combination of any of the permitted methods of payment. The Committee may limit any method of
payment, other than that specified under (a), for administrative convenience, to comply with
applicable law, or for any other reason.

     6.7 Restrictions on Share Transferability. The Committee may impose such restrictions
on any Shares acquired pursuant to the exercise of an Option granted under this Article 6 as it may
deem advisable, including, without limitation, restrictions under applicable federal securities
laws,

8

 

under the requirements of any stock exchange or market upon which such Shares are then listed
and/or traded, and under any blue sky or state securities laws applicable to such Shares.

     6.8 Dividend Equivalents. At the discretion of the Committee, an Award of Options may
provide the Participant with the right to receive Dividend Equivalents, which may be paid currently
or credited to an account for the Participant, and may be settled in cash and/or Shares, as
determined by the Committee in its sole discretion, subject in each case to such terms and
conditions as the Committee shall establish.

     6.9 Termination of Employment or Service. Each Participant’s Option Award Agreement
shall set forth the extent to which the Participant shall have the right to exercise the Option
following termination of the Participant’s employment or, if the Participant is a Director or
Consultant, service with the Company and/or a Subsidiary, as the case may be. Such provisions shall
be determined in the sole discretion of the Committee, need not be uniform among all Options, and
may reflect distinctions based on the reasons for termination of employment or service.

     6.10 Nontransferability of Options.

          (a) Incentive Stock Options. ISOs may not be sold, transferred, pledged, assigned, or
otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution,
and shall be exercisable during a Participant’s lifetime only by such Participant.

          (b) Nonqualified Stock Options. NQSOs may not be sold, transferred, pledged, assigned, or
otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution,
and shall be exercisable during a Participant’s lifetime only by such Participant. NQSOs may not
be transferred for value or consideration.

Article 7. Stock Appreciation Rights

     7.1 Grant of SARs. Subject to the terms and provisions of the Plan, SARs may be
granted to Participants in such amounts, upon such terms, and at such times as the Committee shall
determine. The Committee may grant Freestanding SARs, Tandem SARs, or any combination of these
forms of SAR.

     The Committee shall have complete discretion in determining the number of SARs granted to each
Participant (subject to Article 4 herein) and, consistent with the provisions of the Plan, in
determining the terms and conditions pertaining to such SARs.

     The grant price of a Freestanding SAR shall at least equal the Fair Market Value of a Share on
the date of grant of the SAR, and the grant price of a Tandem SAR shall equal the Exercise Price of
the related Option; provided, however, that this restriction shall not apply to Replacement Awards
or Awards that are adjusted pursuant to Section 4.3 herein.

     7.2 Exercise of Tandem SARs. A Tandem SAR may be exercised only with respect to the
Shares for which its related Option is then exercisable. To the extent exercisable, Tandem SARs may
be exercised for all or part of the Shares subject to the related Option. The exercise of all or
part of a Tandem SAR shall result in the forfeiture of the right to purchase a number of Shares
under the related Option equal to the number of Shares with respect to which the SAR is exercised.

9

 

Conversely, upon exercise of all or part of an Option with respect to which a Tandem SAR has
been granted, an equivalent portion of the Tandem SAR shall similarly be forfeited.

     Notwithstanding any other provision of the Plan to the contrary, with respect to a Tandem SAR
granted in connection with an ISO: (i) the Tandem SAR will expire no later than the expiration of
the underlying ISO; (ii) the value of the payout with respect to the Tandem SAR may be for no more
than one hundred percent (100%) of the difference between the Exercise Price of the underlying ISO
and the Fair Market Value of the Shares subject to the underlying ISO at the time the Tandem SAR is
exercised; and (iii) the Tandem SAR may be exercised only when the Fair Market Value of the Shares
subject to the ISO exceeds the Exercise Price of the ISO.

     7.3 Exercise of Freestanding SARs. Freestanding SARs may be exercised upon whatever
terms and conditions the Committee, in its sole discretion, imposes upon them and sets forth in the
Award Agreement.

     7.4 Award Agreement. Each SAR grant shall be evidenced by an Award Agreement that
shall specify the grant price, the term of the SAR, and such other provisions as the Committee
shall determine.

     7.5 Term of SARs. The term of an SAR granted under the Plan shall be determined by
the Committee, in its sole discretion; provided, however, that such term shall not exceed ten (10)
years.

     7.6 Payment of SAR Amount. Upon exercise of an SAR, a Participant shall be entitled
to receive payment from the Company in an amount determined by multiplying:

          (a) the difference between the Fair Market Value of a Share on the date of exercise over the
grant price; by

          (b) the number of Shares with respect to which the SAR is exercised.

     At the discretion of the Committee, the payment upon SAR exercise may be in cash, in Shares of
equivalent value, or in some combination thereof.

     7.7 Dividend Equivalents. At the discretion of the Committee, an Award of SARs may
provide the Participant with the right to receive Dividend Equivalents, which may be paid currently
or credited to an account for the Participant, and may be settled in cash and/or Shares, as
determined by the Committee in its sole discretion, subject in each case to such terms and
conditions as the Committee shall establish.

     7.8 Termination of Employment or Service. Each SAR Award Agreement shall set forth
the extent to which the Participant shall have the right to exercise the SAR following termination
of the Participant’s employment or, if the Participant is a Director or Consultant, service with
the Company and/or a Subsidiary, as the case may be. Such provisions shall be determined in the
sole discretion of the Committee, need not be uniform among all SARs, and may reflect distinctions
based on the reasons for termination of employment or service.

10

 

     7.9 Nontransferability of SARs. SARs may not be sold, transferred, pledged, assigned,
or otherwise alienated or hypothecated, other than by will or by the laws of descent and
distribution, and shall be exercisable during a Participant’s lifetime only by such Participant.
SARs may not be transferred for value or consideration.

Article 8. Restricted Stock

     8.1 Grant of Restricted Stock. Subject to the terms and provisions of the Plan,
Restricted Stock may be granted to Participants in such amounts, upon such terms, and at such times
as the Committee shall determine.

     8.2 Award Agreement. Each Restricted Stock grant shall be evidenced by an Award
Agreement that shall specify the Period(s) of Restriction and, if applicable, Performance
Period(s), the number of Shares of Restricted Stock granted, and such other provisions as the
Committee shall determine.

     8.3 Other Restrictions. The Committee shall impose such other conditions and/or
restrictions on any Shares of Restricted Stock granted pursuant to the Plan as it may deem
advisable including, without limitation, a requirement that Participants pay a stipulated purchase
price for each Share of Restricted Stock, a requirement that the issuance of Shares of Restricted
Stock be delayed, restrictions based upon the achievement of specific performance goals, time-based
restrictions on vesting following the attainment of the performance goals, time-based restrictions,
and/or restrictions under applicable laws or under the requirements of any stock exchange or market
upon which such Shares are listed or traded, or holding requirements or sale restrictions placed on
the Shares by the Company upon vesting of such Restricted Stock. The Company may retain in its
custody any certificate evidencing the Shares of Restricted Stock and place thereon a legend and
institute stop-transfer orders on such Shares, and the Participant shall be obligated to sign any
stock power requested by the Company relating to the Shares to give effect to the forfeiture
provisions of the Restricted Stock.

     8.4 Removal of Restrictions. Subject to applicable laws, Restricted Stock shall
become freely transferable by the Participant after the last day of the Period of Restriction
applicable thereto. Once Restricted Stock is released from the restrictions, the Participant shall
be entitled to receive a certificate evidencing the Shares.

     8.5 Voting Rights. Unless otherwise determined by the Committee and set forth in a
Participant’s Award Agreement, to the extent permitted or required by law, as determined by the
Committee, Participants holding Shares of Restricted Stock granted hereunder may exercise full
voting rights with respect to those Shares during the Period of Restriction.

     8.6 Dividends and Other Distributions. Except as otherwise provided in a
Participant’s Award Agreement, during the Period of Restriction, Participants holding Shares of
Restricted Stock shall receive all regular cash dividends paid with respect to all Shares while
they are so held, and, except as otherwise determined by the Committee, all other distributions
paid with respect to such Restricted Stock shall be credited to Participants subject to the same
restrictions on transferability and forfeitability as the Restricted Stock with respect to which
they were paid and paid at such time

11

 

following full vesting as are paid the Shares of Restricted Stock with respect to which such
distributions were made.

     8.7 Termination of Employment or Service. Each Award Agreement shall set forth the
extent to which the Participant shall have the right to retain unvested Restricted Stock following
termination of the Participant’s employment or, if the Participant is a Director or Consultant,
service with the Company and/or a Subsidiary, as the case may be. Such provisions shall be
determined in the sole discretion of the Committee, need not be uniform among all Awards of
Restricted Stock, and may reflect distinctions based on the reasons for termination of employment
or service.

     8.8 Nontransferability of Restricted Stock. Except as otherwise determined by the
Committee, during the applicable Period of Restriction, a Participant’s Restricted Stock and rights
relating thereto shall be available during the Participant’s lifetime only to such Participant, and
such Restricted Stock and related rights may not be sold, transferred, pledged, assigned, or
otherwise alienated or hypothecated other than by will or by the laws of descent and distribution.

Article 9. Restricted Stock Units and Performance Shares

     9.1 Grant of Restricted Stock Units/Performance Shares. Subject to the terms and
provisions of the Plan, Restricted Stock Units and Performance Shares may be granted to
Participants in such amounts, upon such terms, and at such times as the Committee shall determine.

     9.2 Award Agreement. Each grant of Restricted Stock Units or Performance Shares shall
be evidenced by an Award Agreement that shall specify the applicable Period(s) of Restriction
and/or Performance Period(s) (as the case may be), the number of Restricted Stock Units or
Performance Shares granted, and such other provisions as the Committee shall determine. The initial
value of a Restricted Stock Unit or Performance Share shall be at least equal to the Fair Market
Value of a Share on the date of grant; provided, however, that this restriction shall not apply to
Replacement Awards or Awards that are adjusted pursuant to Section 4.3 herein.

     9.3 Form and Timing of Payment. Except as otherwise provided in Article 17 herein or
a Participant’s Award Agreement, payment of Restricted Stock Units or Performance Shares shall be
made at a specified settlement date that shall not be earlier than the last day of the Period of
Restriction or Performance Period, as the case may be. The Committee, in its sole discretion, may
pay earned Restricted Stock Units and Performance Shares by delivery of Shares or by payment in
cash of an amount equal to the Fair Market Value of such Shares (or a combination thereof). The
Committee may provide that settlement of Restricted Stock Units or Performance Shares shall be
deferred, on a mandatory basis or at the election of the Participant.

     9.4 Voting Rights. A Participant shall have no voting rights with respect to any
Restricted Stock Units or Performance Shares granted hereunder; provided, however, that the
Committee may deposit Shares potentially deliverable in connection with Restricted Stock Units or
Performance Shares in a rabbi trust, in which case the Committee may provide for pass through
voting rights with respect to such deposited Shares.

     9.5 Dividend Equivalents. At the discretion of the Committee, an Award of Restricted
Stock Units or Performance Shares may provide the Participant with the right to receive Dividend
Equivalents, which may be paid currently or credited to an account for the Participant, and may be

12

 

settled in cash and/or Shares, as determined by the Committee in its sole discretion, subject
in each case to such terms and conditions as the Committee shall establish.

     9.6 Termination of Employment or Service. Each Award Agreement shall set forth the
extent to which the Participant shall have the right to receive a payout with respect to an Award
of Restricted Stock Units or Performance Shares following termination of the Participant’s
employment or, if the Participant is a Director or Consultant, service with the Company and/or a
Subsidiary, as the case may be. Such provisions shall be determined in the sole discretion of the
Committee, need not be uniform among all Restricted Stock Units or Performance Shares, and may
reflect distinctions based on the reasons for termination of employment or service.

     9.7 Nontransferability. Except as otherwise determined by the Committee, Restricted
Stock Units and Performance Shares and rights relating thereto may not be sold, transferred,
pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of
descent and distribution.

Article 10. Performance Units

     10.1 Grant of Performance Units. Subject to the terms and conditions of the Plan,
Performance Units may be granted to Participants in such amounts, upon such terms, and at such
times as the Committee shall determine.

     10.2 Award Agreement. Each grant of Performance Units shall be evidenced by an Award
Agreement that shall specify the number of Performance Units granted, the Performance Period(s),
the performance goals and such other provisions as the Committee shall determine.

     10.3 Value of Performance Units. The Committee shall set performance goals in its
discretion that, depending on the extent to which they are met, will determine the number and/or
value of Performance Units that will be paid out to the Participants.

     10.4 Form and Timing of Payment. Except as otherwise provided in Article 17 herein or
a Participant’s Award Agreement, payment of earned Performance Units shall be made following the
close of the applicable Performance Period. The Committee, in its sole discretion, may pay earned
Performance Units in cash or in Shares that have an aggregate Fair Market Value equal to the value
of the earned Performance Units (or a combination thereof). The Committee may provide that
settlement of Performance Units shall be deferred, on a mandatory basis or at the election of the
Participant.

     10.5 Dividend Equivalents. At the discretion of the Committee, an Award of
Performance Units may provide the Participant with the right to receive Dividend Equivalents, which
may be paid currently or credited to an account for the Participant, and may be settled in cash
and/or Shares, as determined by the Committee in its sole discretion, subject in each case to such
terms and conditions as the Committee shall establish.

     10.6 Termination of Employment or Service. Each Award Agreement shall set forth the
extent to which the Participant shall have the right to receive a payout with respect to an Award
of Performance Units following termination of the Participant’s employment or, if the Participant
is a Director or Consultant, service with the Company and/or a Subsidiary, as the case may be. Such

13

 

provisions shall be determined in the sole discretion of the Committee, need not be uniform
among all Performance Units and may reflect distinctions based on reasons for termination of
employment or service.

     10.7 Nontransferability. Except as otherwise determined by the Committee, Performance
Units and rights relating thereto may not be sold, transferred, pledged, assigned or otherwise
alienated or hypothecated, other than by will or by the laws of descent and distribution.

Article 11. Other Awards

     11.1 Grant of Other Awards. Subject to the terms and conditions of the Plan, Other
Awards may be granted to Participants in such amounts, upon such terms, and at such times as the
Committee shall determine. Types of Other Awards that may be granted pursuant to this Article 11
include, without limitation, the payment of cash or Shares based on attainment of performance goals
established by the Committee, the payment of Shares as a bonus or in lieu of cash based on
attainment of performance goals established by the Committee, and the payment of Shares in lieu of
cash under other Company incentive or bonus programs.

     11.2 Payment of Other Awards. Payment under or settlement of any such Awards shall be
made in such manner and at such times as the Committee may determine.

     11.3 Termination of Employment or Service. The Committee shall determine the extent
to which the Participant shall have the right to receive Other Awards following termination of the
Participant’s employment or, if the Participant is a Director or Consultant, service with the
Company and/or a Subsidiary, as the case may be. Such provisions shall be determined in the sole
discretion of the Committee, may be included in an agreement entered into with each Participant,
but need not be uniform among all Other Awards, and may reflect distinctions based on the reasons
for termination of employment or service.

     11.4 Nontransferability. Except as otherwise determined by the Committee, Other
Awards and rights relating thereto may not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated, other than by will or by the laws of descent and distribution.

Article 12. Replacement Awards

     Each Replacement Award shall have substantially the same terms and conditions (as determined
by the Committee) as the award it replaces; provided, however, that the number of Shares subject to
Replacement Awards, the Exercise Price, grant price or other price of Shares subject to Replacement
Awards, any performance conditions relating to Shares underlying Replacement Awards, or the market
price of Shares underlying Replacement Awards or per-Share results may differ from the awards they
replace to the extent such differences are determined to be appropriate and equitable by the
Committee, in its sole discretion.

Article 13. Performance Measures

     The Committee may specify that the attainment of one or more of the performance measures set
forth in this Article 13 shall determine the degree of granting, vesting and/or payout with respect
to Awards (including any related dividends or Dividend Equivalents) that the Committee intends

14

 

will qualify for the Performance-Based Exception. The performance goals to be used for such
Awards shall be chosen from among the following performance measure(s): earnings per share,
economic value created, market share (actual or targeted growth), net income (before or after
taxes), operating income, adjusted net income after capital charge, return on assets (actual or
targeted growth), return on capital (actual or targeted growth), return on equity (actual or
targeted growth), return on investment (actual or targeted growth), revenue (actual or targeted
growth), cash flow, operating margin, share price, share price growth, total stockholder return,
and strategic business criteria consisting of one or more objectives based on meeting specified
market penetration goals, productivity measures, geographic business expansion goals, cost targets,
customer satisfaction or employee satisfaction goals, goals relating to merger synergies,
management of employment practices and employee benefits, or supervision of litigation and
information technology, and goals relating to acquisitions or divestitures of Subsidiaries and/or
other affiliates or joint ventures. The targeted level or levels of performance with respect to
such performance measures may be established at such levels and on such terms as the Committee may
determine, in its discretion, including in absolute terms, as a goal relative to performance in
prior periods, or as a goal compared to the performance of one or more comparable companies or an
index covering multiple companies. Awards (including any related dividends or Dividend Equivalents)
that are not intended to qualify for the Performance-Based Exception may be based on these or such
other performance measures as the Committee may determine.

     Achievement of performance goals in respect of Awards intended to qualify under the
Performance-Based Exception shall be measured over a Performance Period, and the goals shall be
established not later than ninety (90) days after the beginning of the Performance Period or, if
less than (90) days, the number of days that is equal to twenty-five percent (25%) of the relevant
Performance Period applicable to the Award. The Committee shall have the discretion to adjust the
determinations of the degree of attainment of the pre-established performance goals; provided,
however, that Awards that are designed to qualify for the Performance-Based Exception may not be
adjusted upward (the Committee may, in its discretion, adjust such Awards downward).

Article 14. Beneficiary Designation

     Each Participant under the Plan may, from time to time, name any beneficiary or beneficiaries
(who may be named contingently or successively) to whom any benefit under the Plan is to be paid in
case of his or her death before he or she receives any or all of such benefit. Each such
designation shall revoke all prior designations by the same Participant, shall be in a form
prescribed by the Committee, and will be effective only when filed by the Participant in writing
during the Participant’s lifetime with the Committee. In the absence of any such designation,
benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate.

Article 15. Deferrals

     If permitted by the Committee, a Participant may defer receipt of amounts that would otherwise
be provided to such Participant with respect to an Award, including Shares deliverable upon
exercise of an Option or SAR or upon payout of any other Award. If permitted, such deferral (and
the required deferral election) shall be made in accordance with, and shall be subject to, the
terms and conditions of the applicable nonqualified deferred compensation plan, agreement or

15

 

arrangement under which such deferral is made and such other terms and conditions as the
Committee may prescribe.

Article 16. Rights of Participants

     16.1 Continued Service. Nothing in the Plan shall:

          (a) interfere with or limit in any way the right of the Company or a Subsidiary to terminate
any Participant’s employment or service at any time,

          (b) confer upon any Participant any right to continue in the employ or service of the Company
or a Subsidiary, nor

          (c) confer on any Director any right to continue to serve on the Board of Directors of the
Company or a Subsidiary.

     16.2 Participation. No Employee, Director or Consultant shall have the right to be
selected to receive an Award under the Plan, or, having been so selected, to be selected to receive
future Awards.

Article 17. Change in Control

     Except as otherwise provided in a Participant’s Award Agreement, upon the occurrence of a
Change in Control, unless otherwise specifically prohibited under applicable laws, or by the rules
and regulations of any governing governmental agencies or national securities exchanges:

          (a) any and all outstanding Options and SARs granted hereunder shall become immediately
exercisable; provided, however, that the Committee may instead provide that such Awards shall be
automatically cashed out upon a Change in Control;

          (b) any Period of Restriction or other restriction imposed on Restricted Stock, Restricted
Stock Units and Other Awards shall lapse; and

          (c) any and all Performance Shares, Performance Units and other Awards (if performance-based)
shall be deemed earned at the target level (or if no target level is specified, the maximum level)
with respect to all open Performance Periods.

Article 18. Additional Forfeiture Provisions

     The Committee may condition a Participant’s right to receive a grant of an Award, to vest in
the Award, to exercise the Award, to retain cash, Shares, other Awards, or other property acquired
in connection with the Award, or to retain the profit or gain realized by the Participant in
connection with the Award, including cash or other proceeds received upon sale of Shares acquired
in connection with an Award, upon compliance by the Participant with specified conditions relating
to non-competition, confidentiality of information relating to or possessed by the Company,
non-solicitation of customers, suppliers, and employees of the Company, cooperation in litigation,
non-disparagement of the Company and its officers, directors and affiliates, and other restrictions
upon or

16

 

covenants of the Participant, including during specified periods following termination of
employment with or service for the Company and/or a Subsidiary.

Article 19. Amendment, Modification, and Termination

     19.1 Amendment, Modification, and Termination. The Board may at any time and from
time to time, alter, amend, suspend or terminate the Plan in whole or in part; provided, however,
that no amendment that requires stockholder approval in order for the Plan to continue to comply
with the New York Stock Exchange listing standards or any rule promulgated by the United States
Securities and Exchange Commission or any securities exchange on which the securities of the
Company are listed shall be effective unless such amendment shall be approved by the requisite vote
of stockholders of the Company entitled to vote thereon within the time period required under such
applicable listing standard or rule.

     19.2 Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring
Events. The Committee may make adjustments in the terms and conditions of, and the criteria
included in, Awards in recognition of unusual or nonrecurring events (including, without
limitation, the events described in Section 4.3 hereof) affecting the Company or the financial
statements of the Company or of changes in applicable laws, regulations, or accounting principles,
whenever the Committee determines that such adjustments are appropriate in order to prevent
dilution or enlargement of the benefits or potential benefits intended to be made available under
the Plan; provided, however, that (except as provided in Section 4.3 hereof) the Committee does not
have the power to amend the terms of previously granted options to reduce the exercise price per
share subject to such options, or to cancel such options and grant substitute options with a lower
exercise price per share than the cancelled options. The Company is not permitted to purchase for
cash previously granted options with an exercise price that is greater than the Company’s trading
price on the proposed date of purchase.. With respect to any Awards intended to comply with the
Performance-Based Exception, any such exception shall be specified at such times and in such manner
as will not cause such Awards to fail to qualify under the Performance-Based Exception.

     19.3 Awards Previously Granted. No termination, amendment or modification of the Plan
or of any Award shall adversely affect in any material way any Award previously granted under the
Plan without the written consent of the Participant holding such Award, unless such termination,
modification or amendment is required by applicable law and except as otherwise provided herein.

     19.4 Compliance with the Performance-Based Exception. If it is intended that an Award
(and/or any dividends or Dividend Equivalents relating to such Award) comply with the requirements
of the Performance-Based Exception, the Committee may apply any restrictions it deems appropriate
such that the Awards (and/or dividends or Dividend Equivalents) maintain eligibility for the
Performance-Based Exception. If changes are made to Code Section 162(m) or regulations promulgated
thereunder to permit greater flexibility with respect to any Award or Awards available under the
Plan, the Committee may, subject to this Article 19, make any adjustments to the Plan and/or Award
Agreements it deems appropriate.

17

 

Article 20. Withholding

     20.1 Tax Withholding. The Company shall have the power and the right to deduct or
withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy
federal, state, local, domestic or foreign taxes required by law or regulation to be withheld with
respect to any taxable event arising as a result of the Plan.

     20.2 Use of Shares to Satisfy Withholding Obligation. With respect to withholding
required upon the exercise of Options or SARs, upon the vesting or settlement of Restricted Stock,
Restricted Stock Units, Performance Shares or Performance Units, or upon any other taxable event
arising as a result of Awards granted hereunder, the Committee may require or may permit
Participants to elect that the withholding requirement be satisfied, in whole or in part, by having
the Company withhold, or by tendering to the Company, Shares having a Fair Market Value equal to
the minimum statutory withholding (based on minimum statutory withholding rates for federal and
state tax purposes, including payroll taxes) that could be imposed on the transaction and, in any
case in which it would not result in additional accounting expense to the Company, taxes in excess
of the minimum statutory withholding amounts. Any such elections by a Participant shall be
irrevocable, made in writing and signed by the Participant.

Article 21. Indemnification

     Each person who is or shall have been a member of the Committee, or of the Board, shall be
indemnified and held harmless by the Company to the fullest extent permitted by Delaware law
against and from any loss, cost, liability, or expense that may be imposed upon or reasonably
incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding
to which he or she may be a party or in which he or she may be involved by reason of any action
taken or failure to act under the Plan and against and from any and all amounts paid by him or her
in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any
judgment in any such action, suit, or proceeding against him or her, provided he or she shall give
the Company an opportunity, at its own expense, to handle and defend the same before he or she
undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification
is subject to the person having been successful in the legal proceedings or having acted in good
faith and what is reasonably believed to be a lawful manner in the Company’s best interests. The
foregoing right of indemnification shall not be exclusive of any other rights of indemnification to
which such persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, as a
matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them
harmless.

Article 22. Successors

     All obligations of the Company under the Plan and with respect to Awards shall be binding on
any successor to the Company, whether the existence of such successor is the result of a direct or
indirect purchase, merger, consolidation, or other event, or a sale or disposition of all or
substantially all of the business and/or assets of the Company.

18

 

Article 23. Legal Construction

     23.1 Gender, Number and References. Except where otherwise indicated by the context,
any masculine term used herein also shall include the feminine; the plural shall include the
singular and the singular shall include the plural. Any reference in the Plan to an act or code or
to any section thereof or rule or regulation thereunder shall be deemed to refer to such act, code,
section, rule or regulation, as may be amended from time to time, or to any successor act, code,
section, rule or regulation.

     23.2 Severability. In the event any provision of the Plan shall be held illegal or
invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the
Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not
been included.

     23.3 Requirements of Law. The granting of Awards and the issuance of Shares under the
Plan shall be subject to all applicable laws, rules, and regulations, and to such approvals by any
governmental agencies or national securities exchanges as may be required.

     23.4 Governing Law. To the extent not preempted by federal law, the Plan, and all
agreements hereunder, shall be construed in accordance with and governed by the laws of the State
of Florida, without giving effect to conflicts or choice of law principles.

     23.5 Non-Exclusive Plan. Neither the adoption of the Plan by the Board nor its
submission to the stockholders of the Company for approval shall be construed as creating any
limitations on the power of the Board or a committee thereof to adopt such other incentive
arrangements as it may deem desirable, including other incentive arrangements and awards that do or
do not qualify under the Performance-Based Exception.

     23.6 Code Section 409A Compliance. To the extent applicable, it is intended that this
Plan and any Awards granted under the Plan comply with the requirements of Code Section 409A and
any related regulations or other guidance promulgated with respect to such Section by the U.S.
Department of the Treasury or the Internal Revenue Service (collectively “Section 409A”). Any
provision that would cause the Plan or any Award granted under the Plan to fail to satisfy Section
409A shall have no force or effect until amended to comply with Section 409A, which amendment may
be retroactive to the extent permitted by Section 409A.

19

sexv10w7

Exhibit 10.7

LENDER PROCESSING SERVICES, INC.

EMPLOYEE STOCK PURCHASE PLAN

     Lender Processing Services, Inc., a Delaware corporation (hereinafter referred to as the
“Company”), hereby establishes an employee stock purchase plan to be known as the “Lender
Processing Services, Inc. Employee Stock Purchase Plan” (hereinafter referred to as the
“Plan”). The Plan shall become effective July 2, 2008 (the “Effective Date”). The Plan
shall remain in effect, subject to the right of the Board to amend or terminate the Plan at any
time pursuant to Section 10.1 hereof, until all shares of Company Stock subject to it shall have
been purchased or acquired according to the Plan’s provisions.

ARTICLE I

PURPOSE OF THE PLAN

     1.1 PURPOSE. The Company has determined that it is in its best interests to provide
an incentive to attract and retain Employees and to increase Employee morale by providing a program
through which Employees may acquire a proprietary interest in the Company through the purchase of
shares of Company Stock. The Plan shall permit Employees to purchase shares of Company Stock
through payroll deductions and through Company matching contributions. Participation in the Plan
is entirely voluntary and neither the Company nor any of its Subsidiaries makes any recommendations
to their Employees as to whether they should participate in the Plan. The Plan is not intended to
be an “employee benefit plan” under the Employee Retirement Income Security Act of 1974, as
amended, nor qualify as an “employee stock purchase plan” under Section 423 of the Code.

ARTICLE II

DEFINITIONS

     Capitalized terms used herein without definition shall have the respective meanings set forth
below:

     2.1 ACCOUNT. “Account” means the bookkeeping entry maintained by the Company on
behalf of each Participant for the purpose of accounting for all Participant Contributions and
Matching Contributions credited to the Participant pursuant to the Plan.

     2.2 BASE EARNINGS. “Base Earnings” means the amount of a Participant’s regular salary
before deductions required by law and deductions authorized by the Participant, including any
elective deferrals with respect to a plan of the Employer qualified under Sections 125 or 401(a) of
the Code and any amounts deferred by the Participant to a nonqualified deferred compensation plan
sponsored by the Employer. In the case of Participants primarily compensated on a commission
basis, “Base Earnings” may include commission earnings not to exceed $10,000 per month. “Base
Earnings” shall not include: wages paid for overtime, extended workweek schedules or any other form
of extra compensation, payments made by the Employer based upon salary for Social Security,
workers’ compensation, unemployment compensation, disability payments or any other payment mandated
by state or federal statute, or salary-related contributions made by the Employer for insurance,
annuity or any other employee benefit plan.

 

 

     2.3 BOARD. “Board” means the Board of Directors of the Company.

     2.4 BROKER. “Broker” means the financial institution designated by the Company to act
as Broker for the Plan.

     2.5 CODE. “Code” means the Internal Revenue Code of 1986, as amended, and the
regulations promulgated thereunder.

     2.6 COMMITTEE. “Committee” means the Committee described in Article VII.

     2.7 COMPANY. “Company” means Lender Processing Services, Inc., a Delaware
corporation, and any successor thereto.

     2.8 COMPANY STOCK. “Company Stock” means shares of common stock, par value $0.0001
per share, of the Company.

     2.9 EMPLOYEE. “Employee” means each person currently employed by the Employer who (a)
averages at least twenty (20) hours per week, any portion of whose income is subject to withholding
of income tax or for whom Social Security retirement contributions are made by the Employer or (b)
qualifies as a common-law employee of the Employer. Notwithstanding the foregoing sentence to the
contrary, persons determined by the Committee not to be Employees and persons on a leave of absence
shall not be treated as “Employees” for purposes of this Plan.

     2.10 EMPLOYER. “Employer” means the Company and any Subsidiary that adopts this Plan
with the approval of the Board.

     2.11 FIS COMMON STOCK. “FIS Common Stock” means shares of common stock, par value
$0.01 per share, of Fidelity National Information Services, Inc.

     2.12 FNF COMMON STOCK. “FNF Common Stock” means shares of common stock, par value
$0.0001 per share, of Fidelity National Information Services, Inc.

     2.13 PARTICIPANT. “Participant” means an Employee who has satisfied the eligibility
requirements of Section 3.1 and has become a participant in the Plan in accordance with Section
3.2.

     2.14 PAYROLL PERIOD. “Payroll Period” means the pay periods coinciding with the
Employer’s payroll practices, as revised from time to time.

     2.15 PLAN YEAR. “Plan Year” means the twelve consecutive month period ending each
December 31.

     2.16 QUARTER. “Quarter” means the three consecutive calendar month periods commencing
January 1 through March 31, April 1 through June 30, July 1 through September 30 and October 1
through December 31 each Plan Year.

2

 

     2.17 QUARTER END. “Quarter End” means the last day of each Quarter (i.e., March 31,
June 30, September 30 or December 31).

     2.18 SHARE ACCOUNT. “Share Account” means the account maintained by the Broker on
behalf of each Participant for the purpose of accounting for Company Stock purchased by the
Participant pursuant to the Plan.

     2.19 SUBSIDIARY. “Subsidiary” means any corporation in which the Company owns,
directly or indirectly, at least fifty percent (50%) of the total combined voting power of all
classes of stock, or any other entity (including, but not limited to, partnerships and joint
ventures) in which the Company owns, directly or indirectly, at least fifty percent (50%) of the
combined equity thereof.

ARTICLE III

ELIGIBILITY AND PARTICIPATION

     3.1 ELIGIBILITY.

          (a) Each Employee of the Employer who participated in or was eligible to participate in the
Fidelity National Information Services, Inc. Employee Stock Purchase Plan (the “FIS ESPP”)
immediately prior to the Effective Date shall be eligible to become a Participant in the Plan as of
the Effective Date.

          (b) All other Employees of the Employer shall be eligible to become Participants in the Plan
following the completion of ninety (90) days of employment with the Employer.

     3.2 PARTICIPATION. An Employee who has satisfied the eligibility requirements of
Section 3.1 may become a Participant in the Plan upon his or her completion of such enrollment
procedures as the Committee may prescribe, which procedures may include responding to enrollment
procedures set forth via an Internet website or a voice response system authorizing payroll
deductions. Payroll deductions for a Participant shall commence as soon as administratively
practicable following the completion of the enrollment procedures established by the Committee and
shall remain in effect until changed by the Participant in accordance with Section 4.2 below.

     3.3 SPECIAL RULES. In the event that a person is excluded from participation in the
Plan under Section 2.9 above and a court of competent jurisdiction determines that the person is
eligible to participate in the Plan, the person shall be treated as an Employee only from the date
of the court’s determination and shall not be entitled to retroactive participation in the Plan.

3

 

ARTICLE IV

PARTICIPANT CONTRIBUTIONS

     4.1 PARTICIPANT ELECTION. Pursuant to the enrollment procedures established by the
Committee in Section 3.2, each Participant shall designate the amount of payroll deductions
(“Participant Contributions”) to be made from his or her paycheck to purchase Company Stock
under the Plan. The amount of Participant Contributions shall be designated in whole percentages
of Base Earnings, of at least three percent (3%) and not to exceed fifteen percent (15%) of Base
Earnings for any Plan Year. The amount so designated by the Participant shall be effective as soon
as administratively practicable following completion of the enrollment procedures and shall
continue until terminated or altered in accordance with Section 4.2 below.

     4.2 CHANGES IN ELECTION. In accordance with procedures established by the Committee,
a Participant may decrease or increase the rate of his or her Participant Contributions or elect to
discontinue his or her Participant Contributions, in either case as soon as administratively
practicable. No such election may be made retroactive, and any such new election shall remain in
effect until subsequently modified by the Participant pursuant to this Section 4.2.

     4.3 PARTICIPANT ACCOUNTS. The Company shall establish and maintain a separate Account
for each Participant. The amount of each Participant’s Participant Contribution, as well as his or
her matching contribution as set forth in Article V (the “Matching Contribution”), shall be
credited to his or her Account. No interest shall accrue at any time for any amount credited to an
Account of a Participant.

ARTICLE V

MATCHING CONTRIBUTIONS

     5.1 OFFICERS. For each Officer of the Employer who is a Participant in the Plan and
remains an Employee on each day from each Quarter End until the anniversary of that Quarter End
(the “Matching Date”), the Employer shall credit to the Account of that Participant a
Matching Contribution. The Matching Contribution shall be an amount equal to one-half of the
amount of Participant Contributions set aside into the Participant’s Account for the Quarter ending
on the applicable Quarter End. Withholding taxes, if any, shall be made upon such Matching
Contribution based upon the Participant’s existing withholding percentages or as otherwise required
by law from the Participant’s Base Earnings. For purposes of the Plan and unless otherwise
determined by the Committee, “Officer” means chief executive officer, president, executive vice
president, senior vice president, vice president or assistant vice president and shall be
determined by the Committee as of any Quarter End.

     5.2 OTHER PARTICIPANTS. For each Participant who the Committee determines is not an
Officer of the Employer under Section 5.1 above and who remains an Employee on each day from each
Quarter End until the Matching Date, the Company shall credit to the Account of that Participant a
Matching Contribution. Except as otherwise provided in Section 5.3 below, the Matching
Contribution shall be an amount equal to one-third of the amount of Participant Contributions set
aside into the Participant’s Account for the Quarter ending on the

4

 

applicable Quarter End. Withholding taxes, if any, shall be made upon such Matching
Contribution based upon the Participant’s existing withholding percentages or as otherwise required
by law from the Participant’s Base Earnings.

     5.3 TEN-YEAR EMPLOYEES. Notwithstanding the provisions of Section 5.2 to the
contrary, with respect to each Participant who has completed at least ten (10) consecutive years of
employment with the Employer (“Ten-Year Employee”), the Matching Contribution for such
Participant under Section 5.2 above with respect to any Participant Contributions made after the
Participant becomes a Ten-Year Employee shall be one-half of the amount of the Participant’s
Contributions instead of one-third. For purposes of this Section 5.3, a Participant’s “consecutive
years of employment” which were credited to the Participant under the FIS ESPP immediately prior to
commencing employment with the Company shall be included in determining whether the Participant is
a Ten-Year Employee.

     5.4 CHANGES IN STATUS. In the event that a Participant becomes an Officer of the
Employer, as described in Section 5.1 herein, or a Ten-Year Employee, as described in Section 5.3
herein, during a Quarter, for purposes of determining such Participant’s Matching Contribution, all
Participant Contributions made during the Quarter in which the change in status occurred shall be
considered to have been made as an Officer or Ten-Year Employee for that Quarter.

     5.5 FORMER FIS ESPP PARTICIPANTS. Notwithstanding the foregoing provisions, for each
Participant who participated in the FIS ESPP immediately prior to commencing participation in the
Plan, the Employer shall, for the first four (4) Quarters of such Participant’s employment with the
Employer, credit to the Account of that Participant a Matching Contribution equal to the Matching
Contribution the Participant would have received under the FIS ESPP had the Participant continued
to be eligible to participate in the FIS ESPP through such time period.

ARTICLE VI

PURCHASE OF STOCK

     6.1 PURCHASE OF COMPANY STOCK. As soon as practicable following the close of each
Payroll Period or, with respect to Matching Contributions, the Quarter End (each such case, the
“Purchase Date”), the amount credited to a Participant’s Account shall be transferred by
the Employer to the Broker, and the Plan shall cause the Broker to use such amount to purchase
shares of Company Stock on the open market on the Participant’s behalf. Any balance remaining
after the purchase shall be credited to the Participant’s Share Account and shall be used to
purchase additional shares of Company Stock as of the next Purchase Date.

5

 

     6.2 SHARE ACCOUNTS AND DELIVERY OF COMPANY STOCK.

          (a) Company Stock purchased by each Participant under the Plan shall be posted to the
Participant’s Share Account as soon as practicable after, and credited to such Share Account as of,
each Purchase Date. Dividends on shares of Company Stock held in a Participant’s Share Account
shall be credited to such Participant’s Share Account and shall be used to purchase additional
shares of Company Stock as of the next following Purchase Date.

          (b) Certificates representing the number of full shares of Company Stock held in a
Participant’s Share Account will be delivered to such Participant as soon as administratively
practicable after the Participant submits a request for the delivery of such shares pursuant to
procedures established by the Committee. The time of delivery of shares may be postponed for such
period as may be necessary to comply with the registration requirements under the Securities Act of
1933, as amended, the listing requirements of any securities exchange on which the Company Stock
may then be listed, or the requirements under other laws or regulations applicable to the sale of
such shares.

     6.3 FEES AND COMMISSIONS. The Company shall pay the Broker’s administrative charges
for opening and maintaining the Share Accounts and the Transferred Share Accounts (described in
Section 6.5 below) for the Participants and the brokerage commissions on purchases made that are
attributable to the purchase of Company Stock with Participant Contributions and Matching
Contributions. Participants shall pay the Broker’s fees attributable to the issuance of
certificates for any and all shares of Company Stock, FIS Common Stock and FNF Common Stock held in
a Participant’s Share Account and Transferred Share Account, as applicable. Participants shall
also pay the brokerage commissions and any charges associated with the sale of Company Stock, FIS
Common Stock and FNF Common Stock held in a Participant’s Share Account and Transferred Share
Account, as applicable, pursuant to Section 6.4 below.

     6.4 SALE OF STOCK. Any Participant may request the Broker to sell any or all of the
shares of Company Stock, FIS Common Stock and FNF Common Stock held in a Participant’s Share
Account and Transferred Share Account, as applicable. Unless directed otherwise by the
Participant, the Broker shall mail to the Participant a check for the proceeds, less any applicable
fees and brokerage commissions and any transfer taxes, registration fees or other normal charges
associated with such a sale, as soon as administratively practicable thereafter.

     6.5 TRANSFERRED SHARE ACCOUNT. As soon as practicable after the quarter ending June
30, 2008, Fidelity National Information Systems, Inc. (“FIS”) shall transfer, to the Plan,
the accounts of any individual who is (a) an employee of LPS (or any of its subsidiaries or
affiliates) on the first day immediately following the spin-off of LPS from FIS and (b) not also an
employee of FIS (or any of its subsidiaries or affiliates) on such date. The portions of such
transferred accounts invested in FIS Common Stock and FNF Common Stock shall be transferred in-kind
to accounts in the Plan (the “Transferred Share Accounts”). The Transferred Share Accounts
shall be frozen immediately after the transfer so that contributions may not be allocated to, or
transferred into, the Transferred Share Accounts after the transfer; provided,
however, that a Participant with a Transferred Share Account may (i) receive a distribution
of

6

 

FIS Common Stock and/or FNF Common Stock out of his or her Transferred Share Account at any
time in accordance with Section 6.5(b) below and/or (ii) sell his or her FIS Common Stock and/or
FNF Common Stock in accordance with Section 6.4 above. Dividends on shares of FIS Common Stock and
FNF Common Stock held in a Participant’s Transferred Share Account shall be credited to such
Participant’s Share Account and shall be used to purchase additional shares of Company Stock as of
the next following Purchase Date.

     (b) Certificates representing the number of full shares of FIS Common Stock and FNF Common
Stock held in a Participant’s Transferred Share Account will be delivered to such Participant as
soon as administratively practicable after the Participant submits a request for the delivery of
such shares pursuant to procedures established by the Committee. The time of delivery of shares
may be postponed for such period as may be necessary to comply with the registration requirements
under the Securities Act of 1933, as amended, the listing requirements of any securities exchange
on which the FIS Common Stock and FNF Common Stock may then be listed, or the requirements under
other laws or regulations applicable to the sale of such shares.

ARTICLE VII

TERMINATION OF EMPLOYMENT AND BENEFICIARY DESIGNATION

     7.1 TERMINATION OF EMPLOYMENT. In the event that a Participant’s employment with the
Employer terminates for any reason, the Participant shall cease to participate in the Plan on the
date of termination. As soon as is administratively practicable following the date of termination,
the entire balance of the Participant’s Account shall be paid, and all cash and shares of Company
Stock, FIS Common Stock and FNF Common Stock held in a Participant’s Share Account and Transferred
Share Account, as applicable, shall be delivered, to the Participant or his or her beneficiary.

     7.2 BENEFICIARY DESIGNATION. A Participant may file a written designation of a
beneficiary who is to receive any cash and shares of Company Stock, FIS Common Stock and FNF Common
Stock held in a Participant’s Share Account and Transferred Share Account, as applicable and any
cash from the Participant’s Account in the event of his or her death. Beneficiary designations may
be changed by the Participant at any time by written notice. If a Participant dies, the Committee
may rely upon the most recent beneficiary designation it has on file as being the appropriate
beneficiary. If a Participant dies and no valid beneficiary designation exists, or the beneficiary
has predeceased the Participant, the Committee shall deliver any cash or shares of Company Stock,
FIS Common Stock and FNF Common Stock (if any) to the executor or administrator of the estate of
the Participant, or if no such executor or administrator has been appointed to the knowledge of the
Committee, the Committee, in its sole discretion, may deliver such cash or shares of Company Stock
to the spouse or any one or more dependents or relatives of the Participant, or if no spouse,
dependent or relative is known to the Committee, then to such other person as the Committee may
designate.

7

 

ARTICLE VIII

PLAN ADMINISTRATION

     8.1 PLAN ADMINISTRATION.

          (a) Authority to control and manage the operation and administration of the Plan shall be
vested in the Board, or a committee (“Committee”) appointed by the Board. Until such time
as the Board appoints a Committee to administer the Plan, the Board shall serve as the Committee
for purposes of the Plan. The Board or Committee shall have all powers necessary to supervise the
administration of the Plan and control its operations.

          (b) In addition to any powers and authority conferred on the Board or Committee elsewhere in
the Plan or by law, the Board or Committee shall have the following powers and authority:

          (i) To designate agents to carry out responsibilities relating to the Plan;

          (ii) To administer, interpret, construe and apply this Plan and to answer all questions
that may arise or that may be raised under this Plan by a Participant, his or her
beneficiary or any other person whatsoever;

          (iii) To establish rules and procedures from time to time for the conduct of its
business and for the administration and effectuation of its responsibilities under the Plan;
and

          (iv) To perform or cause to be performed such further acts as it may deem to be
necessary, appropriate, or convenient for the operation of the Plan.

          (c) Any action taken in good faith by the Board or Committee in the exercise of authority
conferred upon it by this Plan shall be conclusive and binding upon a Participant and his or her
beneficiaries. All discretionary powers conferred upon the Board and Committee shall be absolute.

     8.2 LIMITATION ON LIABILITY. No Employee of the Employer nor any member of the Board
or Committee shall be subject to any liability with respect to his or her duties under the Plan
unless the person acts fraudulently or in bad faith. To the extent permitted by law, the Company
shall indemnify each member of the Board or Committee, and any other Employee of the Employer with
duties under the Plan who was or is a party, or is threatened to be made a party, to any
threatened, pending or completed proceeding, whether civil, criminal, administrative, or
investigative, by reason of the person’s conduct in the performance of his or her duties under the
Plan.

8

 

ARTICLE IX

COMPANY STOCK

     9.1 MAXIMUM NUMBER OF SHARES. Subject to Section 9.3 below, the maximum number of
shares of Company Stock which may be purchased under the Plan is 10,000,000 shares. All shares of
Company Stock shall be purchased on the open market.

     9.2 VOTING COMPANY STOCK. The Participant will have no interest or voting right in
shares of Company Stock to be purchased under Article VI of the Plan until such shares have been
purchased.

     9.3 ADJUSTMENTS. In the event of any merger, reorganization, consolidation,
recapitalization, liquidation, stock dividend, split-up, spin-off, stock split, reverse stock
split, share combination, share exchange, extraordinary dividend, or any change in the corporate
structure affecting the shares of Company Stock, such adjustment shall be made in the number and
kind of shares of Company Stock that may be purchased under the Plan as set forth in Section 9.1,
and the number and kind of shares of Company Stock held in each Participant’s Share Account, as may
be determined to be appropriate and equitable by the Committee, in its sole discretion, to prevent
dilution or enlargement of rights. The decision by the Committee regarding any such adjustment
shall be final, binding and conclusive.

ARTICLE X

MISCELLANEOUS MATTERS

     10.1 AMENDMENT AND TERMINATION. Since future conditions affecting the Company cannot
be anticipated or foreseen, the Board reserves the right to amend, modify, or terminate the Plan at
any time; provided, however, that no amendment that requires stockholder approval
in order for the Plan to continue to comply with the New York Stock Exchange listing standards or
any rule promulgated by the United States Securities and Exchange Commission or any securities
exchange on which the securities of the Company are listed shall be effective unless such amendment
shall be approved by the requisite vote of stockholders of the Company entitled to vote thereon
within the time period required under such applicable listing standard or rule. Upon termination
of the Plan, all benefits shall become payable immediately. Notwithstanding the foregoing, no such
amendment or termination shall affect rights previously granted, nor may an amendment make any
change in any right previously granted which adversely affects the rights of any Participant
without the consent of such Participant.

     10.2 TAX WITHHOLDING. The Company shall have the right to deduct from all amounts
payable to a Participant (whether under this Plan or otherwise) any taxes required by law to be
withheld in respect of amounts payable under this Plan.

     10.3 BENEFITS NOT ALIENABLE. Benefits under the Plan may not be assigned or
alienated, whether voluntarily or involuntarily, except as expressly permitted in this Plan. Any
such attempt at assignment, transfer, pledge or other disposition shall be without effect.

     10.4 NO ENLARGEMENT OF EMPLOYEE RIGHTS. This Plan is strictly a voluntary undertaking
on the part of the Employer and shall not be deemed to constitute a

9

 

contract between the Employer and any Employee or to be consideration for, or an inducement
to, or a condition of, the employment of any Employee. Nothing contained in the Plan shall be
deemed to give the right to any Employee to be retained in the employ of the Employer or to
interfere with the right of the Employer to discharge any Employee at any time.

     10.5 GOVERNING LAW. To the extent not preempted by Federal law, the Plan shall be
construed in accordance with and governed by the laws of the State of Florida, excluding any
conflicts or choice of law rule or principle that might otherwise refer construction or
interpretation of this Plan to the substantive law of another jurisdiction.

     10.6 NON-BUSINESS DAYS. When any act under the Plan is required to be performed on a
day that falls on a Saturday, Sunday or legal holiday, that act shall be performed on the next
succeeding day which is not a Saturday, Sunday or legal holiday.

     10.7 COMPLIANCE WITH SECURITIES LAWS. Notwithstanding any provision of the Plan to
the contrary, the Committee shall administer the Plan in such a way to insure that the Plan at all
times complies with any applicable requirements of Federal securities laws.

10

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