Document:

Amendment No. 1 to Retention Agreement

 EXHIBIT 10.39 
 AMENDMENT TO 
 RETENTION AGREEMENT 
 This AMENDMENT TO RETENTION AGREEMENT (the “Amendment”) is dated as of August 2, 2007, between CheckFree Corporation, a Delaware
corporation (the “Company”), and Michael P. Giannoni (“Executive”) to be effective upon the Effective Time (the “Effective Date”) of the transactions contemplated by the Agreement and Plan of Merger (the “Merger
Agreement”), dated as of August 2, 2007, among Fiserv, Inc., a Wisconsin corporation (the “Parent”), Merger Sub (as defined in the Merger Agreement) and the Company. If the Effective Time does not occur, this Amendment shall be void
ab initio and of no further force and effect. 
 WHEREAS, Executive and the Company have previously entered into that
certain Retention Agreement dated as of July 27, 2007 (the “Agreement”); and 
 WHEREAS, the parties desire to
enter into this Amendment to revise the terms of the Agreement to clarify the circumstances under which Executive may terminate employment for “Good Reason” (as defined in the Agreement) pursuant to Section 6(c)(iii) of the Agreement
and to modify the terms of certain equity compensation awards; 
 NOW, THEREFORE, in consideration of the foregoing, the mutual
covenants and agreements of the parties contained herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 1. The following sentences shall be added to the end of Section 3: 
 Executive hereby consents to the treatment of his Company Restricted Shares and Company Stock Options (as defined in the Agreement and Plan
of Merger, dated as of August 2, 2007 (the “Merger Agreement”), among Fiserv, Inc., a Wisconsin corporation (“Parent”), Merger Sub (as defined in the Merger Agreement) and the Company), in each case, that were granted to
Executive in 2007 and are unvested (after taking into account the immediately following sentence) immediately prior to the Effective Time (as defined in the Merger Agreement) as set forth in Section 2.3(a)(i) and Section 2.3(b)(i) of the
Merger Agreement, as applicable. Notwithstanding any provision of any of the Company’s incentive plans, applicable award agreements or this Agreement to the contrary, Executive’s Company Stock Options and Company Restricted Shares shall
not vest as a result of the transactions contemplated by the Merger Agreement and shall instead vest in full on the earlier to occur of (i) the time that such Company Stock Options or Company Restricted Shares, as applicable, would vest in
accordance with their terms (excluding for this purpose any “change in control” provisions of such Company Stock Options and Company Restricted Shares) and (ii) subject to Executive’s continued employment through the first
anniversary of the Effective Time, the first anniversary of the Effective Time, provided, that, notwithstanding the foregoing, in the event that, following the Effective Time, there is a Change in Control of Parent (as defined in the
Parent’s Stock Option and Restricted Stock Plan (as amended and restated as of February 16, 2005) as in effect on the date hereof) or Executive’s employment terminates for any reason other than (A) a termination by the Company
for Cause or 

 
(B) by Executive without Good Reason, Executive’s Company Stock Options and Company Restricted Shares shall, to the extent not then vested, vest in full (and Executive’s Company Stock
Options agreements shall be amended prior to the Effective Time to reflect the foregoing). 
 2. The first
sentence of Section 6(c) shall be amended in its entirety to read as follows: 
 Executive’s employment may be
terminated by Executive during the Employment Period for Good Reason; provided, however, that in the event the Change in Control Date occurs by reason of the Effective Time (as defined in the Merger Agreement), Executive’s employment may be
terminated for Good Reason during the eighteen (18) month period following the Effective Time, in respect of clauses (i), (ii), (iv), (v) and (vi) below, and during the thirty (30) month period following the Effective Time, in
respect of clause (iii) below, and, in each case, be entitled to the benefits under Section 7(a), notwithstanding any earlier termination of the Employment Period. 
 3. The following sentence shall be added to the end of the flush paragraph of Section 6(c): 
 Notwithstanding the provisions of Section 6(c)(iii) to the contrary, Executive shall only have the right to resign pursuant to such
Section 6(c)(iii) during the one-year period following the Effective Time if such resignation is due to the occurrence of a material diminution in Executive’s authorities, duties or responsibilities as in effect immediately prior to the
Change in Control Date, it being agreed that Executive no longer having authorities, duties or responsibilities related to the Company being publicly-traded shall not by itself constitute such a material diminution. Notwithstanding the provisions of
the third sentence of this paragraph and the sentence immediately preceding this sentence, if an event or circumstance described in Section 6(c)(iii) (disregarding the sentence immediately preceding this sentence) occurs during the one-year
period following the Effective Time (it being understood that existence of a diminution shall be determined by comparing authorities, duties or responsibilities immediately prior to the Effective Time with any of those after the Effective Time),
Executive shall have the right to resign for such event or circumstance during the 90-day period following the first anniversary of the Effective Time and Executive’s failure to provide the Employer notice within 90 days of the event giving
rise to Good Reason shall not (A) preclude Executive from resigning for Good Reason following such one-year period by reason of such change and (B) without limiting the generality of the provisions of Section 14(g), otherwise
constitute a waiver of Executive’s right to resign for Good Reason by reason of such event or circumstance. No provision of this paragraph shall modify Executive’s right to resign for Good Reason by virtue of any of the events or
circumstances described in Sections 6(c)(i), (ii), (iv), (v) or (vi) or, following the first anniversary of the Effective Time, to resign for Good Reason by virtue of any of the events or circumstances described in Section 6(c)(iii)
(disregarding the provisions of this paragraph). 

 4. A new Section 13(c) of the Agreement is hereby added immediately
following Section 13(b): 
 (c) Any payments or amounts delayed pursuant to Sections 13(a) or (b), shall be paid with
interest at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code at the times set forth in Sections 13(a) or (b), as applicable. 
 5. Except as otherwise provided herein, the Agreement shall remain in full force and effect in accordance with its original
terms. 

 IN WITNESS WHEREOF, the parties have executed and delivered this Amendment, or have caused
this Amendment to be executed and delivered, to be effective as of the date first written above. 
  

											
		 		 	CHECKFREE CORPORATION
				
	Date: 8/1/07	 		 	By:	 	/S/ David E. Mangum
		 		 		 		 	Name:	 	David E. Mangum
		 		 		 		 	Title:	 	EVP & CFO
			
		 		 	EXECUTIVE
				
	Date: 8/1/07	 		 	By:	 	/S/ Michael P. Gianoni
		 		 		 		 	Michael P. GianoniAmendment No. 2 to Retention Agreement

 EXHIBIT 10.40 
 SECOND AMENDMENT TO 
 RETENTION AGREEMENT

 This SECOND AMENDMENT TO RETENTION AGREEMENT (the “Second Amendment”) is dated as of December 22, 2008
between CheckFree Corporation, a Delaware corporation (the “Company”) and Michael Gianoni (“Employee”). 
 WHEREAS, Employee and Company have previously entered into that certain Retention Agreement dated as of July 27, 2007, and amended as of August 2, 2007 (the “Agreement”); and 
 WHEREAS, the parties desire to enter into this Second Amendment to revise the terms of the Agreement to comply with Section 409A
of the Internal Revenue Code of 1986, as amended, and guidance promulgated thereunder (“Section 409A”); 
 NOW,
THEREFORE, in consideration of the foregoing, the mutual covenants and agreements of the parties contained herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

 1. Section 11(b) is hereby amended in its entirety to read as follows: 
 (b) Subject to the provisions of Section 11(c), all determinations required to be made under this Section 11, including whether
and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be used in arriving at such determination, shall be made by a nationally recognized accounting firm selected by the Company and reasonably
acceptable to the Employee (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company and Employee within 15 business days of the receipt of notice from Employee that there has been a Payment, or such
earlier time as is requested by the Company. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change in Control, Employee shall appoint another nationally recognized
accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any Gross-Up
Payment, as determined pursuant to this Section 11, shall be paid by the Company to Employee at the same time as the Company pays to the Employee the Severance Payment, provided, however, if prior to such date the Employee
is required to remit the Excise Tax to the Internal Revenue Service, then upon written notice by the Employee to the Company, the Company shall promptly reimburse the Employee for the Gross-Up Payment attributable to such Excise Tax payment (but
based upon Employee’s actual rate of taxation), but no later than December 31 of the year after the year in which Employee remits the Excise Tax. Any determination by the Accounting Firm shall be binding upon the Company and Employee.
As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments which will not have been made by the Company should
have been made (“Underpayment”), consistent with the calculations required to be made hereunder. In the event that the Company exhausts its remedies pursuant to Section 11(c) and Employee thereafter is required to remit any Excise Tax
to the Internal Revenue Service, the Accounting

 
Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of Employee, but no later than
December 31 of the year after the year in which Employee remits the Excise Tax. 
 2. Section 11(c) is hereby
amended in its entirety to read as follows: 
 (c) Employee shall notify the Company in writing of any claim by the Internal
Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after Employee is informed in writing of such claim
and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. Employee shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to
the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies Employee in writing prior to the expiration of such period that it desires to contest such claim, Employee
shall: 
 (i) give the Company any information reasonably requested by the Company relating to such claim,

 (ii) take such action in connection with contesting such claim as the Company shall reasonably request in
writing from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company, 
 (iii) cooperate with the Company in good faith in order to effectively contest such claim, and 
 (iv) permit the Company to participate in any proceedings relating to such claim; 
 provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in
connection with such contest and shall indemnify and hold Employee harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of
costs and expenses. Without limitation of the foregoing provisions of this Section 11(c), the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative
appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct Employee to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and
Employee agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company
directs Employee to pay such claim and sue for a refund, the Company shall promptly reimburse the amount of such payment to Employee within 10 business days after delivery of the Employee’s written notice to the Company that he has made such
payment accompanied with such evidence of payment as the Company may reasonably require, but no later than

  

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December 31 of the year after the year in which Employee makes such payment, and the Company shall indemnify and hold Employee harmless, on an after-tax basis, from any Excise Tax or
income tax (including interest or penalties with respect thereto) imposed with respect to such reimbursement or with respect to any imputed income with respect to such reimbursement; and further provided that any extension of the statute of
limitations relating to payment of taxes for the taxable year of Employee with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company’s control of the contest shall be
limited to issues with respect to which a Gross-Up Payment would be payable hereunder and Employee shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority.

 3. Section 11(d) is hereby amended in its entirety to read as follows: 
 (d) If, after the receipt by Employee of a reimbursement by the Company with respect to payment of any claim made by the Employee at the
direction of the Company pursuant to Section 11(c), Employee becomes entitled to receive any refund with respect to such claim, Employee shall (subject to the Company’s complying with the requirements of Section 11(c)) promptly pay to
the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by Employee of a reimbursement by the Company with respect to payment of any claim made by the Employee
at the direction of the Company pursuant to Section 11(c), a determination is made that Employee shall not be entitled to any refund with respect to such claim and the Company does not notify Employee in writing of its intent to contest such
denial of refund prior to the expiration of 30 days after such determination, then such reimbursement shall not be required to be repaid and the amount of such reimbursement shall offset, to the extent thereof, the amount of Gross-Up Payment
required to be paid. 
 4. Except as otherwise provided herein, the Agreement shall remain in full force and effect. 

IN WITNESS WHEREOF, the parties have executed and delivered this Second Amendment, or have caused this Second Amendment to be
executed and delivered, to be effective as of the date first written above. 
  

					
	CHECKFREE CORPORATION
		
	By:	 	 /s/ Thomas J. Hirsch

		 	Name:	 	Thomas J. Hirsch
		 	Title:	 	CFO

  

			
	EMPLOYEE
		
	By:	 	 /s/ Michael P. Gianoni

  

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