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Exhibit 10.2    
    

 
  LYDIAN TRUST COMPANY
  
    2003 EQUITY INCENTIVE PLAN    
    

(as amended to reflect a two-for-one stock split effective December 15, 2003)  

SECTION
1.    Purpose.    The purposes of the Lydian Trust Company 2003 Equity Incentive Plan are to promote the interests of Lydian
Trust Company and its stockholders by (i) attracting and retaining exceptional directors, executive personnel and other key employees of the Company and its Affiliates; (ii) motivating
such directors, executive personnel and employees by means of performance-related incentives to achieve long-range performance goals; and (iii) enabling such directors, executive
personnel and employees to participate in the long-term growth and financial success of the Company. 

SECTION
2.    Definitions.    As used in the Plan, the following terms shall have the meanings set forth below: 

        "Affiliate"
shall mean (i) any entity that, directly or indirectly, is controlled by the Company and (ii) any entity in which the Company has a significant equity interest,
in either case as determined by the Committee. 

        "Award"
shall mean any Option, Stock Appreciation Right, Restricted Stock Award, Other Stock-Based Award or Performance Award. 

        "Award
Agreement" shall mean any written agreement, contract or other instrument or document evidencing any Award, which may, but need not, be executed or acknowledged by a Participant. 

        "Board"
shall mean the Board of Directors of the Company. 

        "Change
in Control" shall mean a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Exchange Act or any successor thereto, provided that, without limiting the foregoing, a change in control also shall mean the occurrence of any of the following events: 

        (i)    any
"person" (as defined in Section 3(a)(9) of the Exchange Act) or "group" of persons (as provided under Rule 13d-3 under the Exchange Act) is
or becomes the "beneficial owner" (as defined in Rule 13d-3 or otherwise under the Exchange Act), directly or indirectly (including as provided in
Rule 13d-3(d)(1) under the Exchange Act), of capital stock of the Company the holders of which are entitled to vote for the election of directors ("voting stock") representing that
percentage of the Company's then outstanding voting stock (giving effect to the deemed ownership of securities by such person or group, as provided in Rule 13d-3(d)(1) the Exchange
Act, but not giving effect to any such deemed ownership of securities by another person or group) equal to or greater than twenty-five percent (25%) of all such voting stock; 

        (ii)   during
any period of twenty four consecutive months, individuals who at the beginning of such period constituted the Board (including for this purpose any new director
whose election or nomination for election by the Company's shareholders was approved by a vote of at least a majority of the directors then still in office who were directors at the beginning of such
period) cease for any reason to constitute at least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); and 

        (iii)  there
shall be consummated any consolidation, merger, stock for stock exchange or similar transaction (collectively, "Merger Transactions") involving securities of the
Company in which holders of voting stock of the Company immediately prior to such consummation own, as a group, immediately after such consummation, voting stock of the Company (or, if the Company
does not survive the Merger Transaction, voting securities of the corporation surviving such transaction) having less than 50% of the total voting power in an election of directors of the Company (or
such other surviving corporation). 

        "Code"
shall mean the Internal Revenue Code of 1986, as amended from time to time. 

 

        "Committee"
shall mean the Compensation Committee of the Board, which shall be composed of not less than the minimum number of persons from time to time required by
(i) Rule 16b-3, each of whom, to the extent necessary to comply with Rule 16b-3, shall be a "non-employee director" within the meaning of
Rule 16b-3, as from time to time amended, and (ii) applicable listing or quotation requirements relating to the Shares, each of whom, to the extent necessary to comply with
such requirements, shall be "independent" directors within the meaning of such requirements, provided that, with respect to any Covered Employee, "Committee" shall mean a Compensation Subcommittee of
the Compensation Committee of the Board, which shall consist of two or more members of the Board appointed by the Board who qualify as outside directors for purposes of Section 162(m) of the
Code. Any reference in the Plan to the "Committee" shall be understood to refer to the Compensation Committee or its Compensation Subcommittee, whichever has administrative authority with respect to
the matter. 

        "Company"
shall mean Lydian Trust Company and any successor thereto. 

        "Covered
Employee" shall mean any Employee who is a covered employee as defined in Section 162(m)(3) of the Code and the regulations thereunder, or any successor section and
regulations thereunder. 

        "Director"
shall mean any Director of the Company or of any Affiliate. 

        "Employee"
shall mean an employee of the Company or of any Affiliate. 

        "Exchange
Act" shall mean the Securities Exchange Act of 1934, as amended. 

        "Fair
Market Value" shall mean the fair market value of the property or other item being valued, as determined by the Committee in its sole discretion, provided that, unless otherwise
determined by the Committee in order to satisfy the requirements relating to Incentive Stock Options under applicable laws and regulations, the "Fair Market Value" of a Share shall be (i) if
the Shares are listed or admitted to trading on any securities exchange or national market system in the United States, the closing price, regular way, on such day on the principal securities exchange
or national market system in the United States on which Shares are traded, (ii) if the Shares are not then listed or admitted to trading on any such day, or if no sale takes place on such day,
the average of the closing bid and asked prices in the United States on such day, as reported by a reputable quotation source designated by the Committee,
(iii) if the Shares are not then listed or admitted to trading on any such securities exchange or national market system and no such reported sale price or bid and asked prices are available,
the average of the reported high bid and low asked prices in the United States on such day, as reported in The Wall Street Journal (Eastern edition) or
other newspaper designated by the Committee, and (iv) in the absence of any market for the Shares, as determined in good faith by the Committee. 

        "Incentive
Stock Option" shall mean a right to purchase Shares from the Company at a fixed price for a specified period that is granted under Section 6 of the Plan and that is
intended to meet the requirements of Section 422 of the Code or any successor provisions thereto. 

        "Nonqualified
Stock Option" shall mean a right to purchase Shares from the Company at a fixed price for a specified period that is granted under Section 6 of the Plan and that is
not intended to be an Incentive Stock Option. 

        "Option"
shall mean an Incentive Stock Option or a Nonqualified Stock Option. 

        "Other
Stock-Based Award" shall mean any right granted under Section 9 of the Plan. 

        "Participant"
shall mean any Director or Employee selected by the Committee to receive an Award under the Plan. 

        "Performance
Award" shall mean any Award granted under Section 10 of the Plan. 

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        "Performance
Goal" shall have the meaning set forth in Section 10(d). 

        "Performance
Period" shall mean, with respect to any Performance Award, the period specified by the Committee, including, but not limited to, the calendar year or any part thereof and
periods of more than one consecutive calendar year. 

        "Performance
Targets" shall mean the specific measures which must be satisfied in connection with any Performance Goal. 

        "Person"
shall mean any individual, corporation, partnership, association, joint-stock company, trust, unincorporated organization, government or political subdivision thereof or other
entity. 

        "Plan"
shall mean this Lydian Trust Company 2003 Equity Incentive Plan, as may be amended from time to time in accordance with its terms. 

        "QDRO"
shall mean a domestic relations order meeting such requirements as the Committee shall determine, in its sole discretion. 

        "Restricted
Stock Award" shall mean any Award granted under Section 8 of the Plan. 

        "Restricted
Stock" shall mean any Share granted under Section 8 of the Plan that is subject to a substantial risk of forfeiture due to a restriction based on continued employment
or the occurrence of other events as determined by the Committee in its sole discretion and as specified in the Applicable Award Agreement. 

        "Restricted
Stock Unit" shall mean any unit granted under Section 8 of the Plan that is subject to a substantial risk of forfeiture due to a restriction based on continued
employment or the occurrence of other events as determined by the Committee in its sole discretion, which may be settled either (i) by the delivery of one Share for each Restricted Stock Unit
or (ii) in cash in an amount equal to the Fair Market Value of one Share for each Restricted Stock Unit, all as specified in the applicable Award Agreement. The Award of a Restricted Stock Unit
represents the mere promise of the Company to deliver a Share or the appropriate amount of cash, as applicable, upon removal of the applicable restriction (or such later date as may be provided in the
Award Agreement) in accordance with and subject to the terms and conditions of the applicable Award Agreement, and is not intended to constitute a transfer of "property" within the meaning of
Section 83 of the Code. 

        "Rule 16b-3"
shall mean Rule 16b-3 as promulgated and interpreted by the SEC under the Exchange Act, or any successor rule or regulation thereto as
in effect from time to time. 

        "SEC"
shall mean the Securities and Exchange Commission or any successor thereto and shall include the staff thereof. 

        "Shares"
shall mean shares of the common stock, $.01 par value, of the Company, or such other securities of the Company as may be designated by the Committee from time to time. 

        "Stock
Appreciation Right" shall mean any right granted under Section 7 of the Plan to receive the difference between (i) a grant price, which shall be no less than one
hundred percent (100%) of the Fair Market Value of a Share on the date of grant, and (ii) the Fair Market Value of a Share on the date the right is exercised, which amount may be paid in cash,
Shares or a combination of cash and Shares. 

SECTION
3.    Administration. 

        (a)   Authority of Committee.    The Plan shall be administered by the Committee. Subject to the terms of the Plan
and applicable law, and in addition to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full power and authority to: (i) designate
Participants; (ii) determine the type or types of Awards to be granted to an eligible Employee; (iii) determine the number of Shares to be covered by, or with respect to which payments, 

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rights
or other matters are to be calculated in connection with, Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent and under what
circumstances Awards may be settled or exercised in cash, Shares, other securities, other Awards or other property, or canceled, forfeited or suspended; (vi) determine whether, to what extent
and under what circumstances cash, Shares, other securities, other Awards, other property and other amounts payable with respect to an Award shall be deferred either automatically or at the election
of the holder thereof or of the Committee; (vii) interpret and administer the Plan and any instrument or agreement relating to, or Award made under, the Plan; (viii) establish, amend,
suspend or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; (ix) determine the meaning of the terms "retirement"
and "permanent and total disability" for purposes of the Plan; and (x) make any other determination and take any other action that the Committee deems necessary or desirable for the
administration of the Plan. 

        (b)   Committee Discretion Binding.    Unless otherwise expressly provided in the Plan, all designations,
determinations, interpretations and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final,
conclusive and binding upon all Persons, including the Company, any Affiliate, any Participant, any holder or beneficiary of any Award, any stockholder and any Employee. 

        (c)   Delegation.    Subject to the terms of the Plan and applicable law, the Committee may delegate in writing to
one or more officers of the Company or any Affiliate, or to a committee of such officers, the authority, subject to such terms and limitations as the Committee shall determine, to grant Awards to, or
to cancel, modify or waive rights with respect to, or to alter, discontinue, suspend or terminate Awards held by, Employees who are not (i) Covered Employees or (ii) officers or
directors of the Company for purposes of Section 16 of the Exchange Act, or any successor section thereto, or who are otherwise not subject to such Section. 

SECTION
4.    Shares Available for Awards. 

        (a)   Shares Available.    Subject to adjustment as provided in Section 4(c), the number of Shares with
respect to which Awards may be granted under the Plan shall be equal to 2,256,000. If, after the effective date of the Plan, any Shares covered by an Award granted under the Plan, or to which such an
Award relates, are forfeited, or if such an Award is settled for cash or otherwise terminates or is canceled without the delivery of Shares, then the Shares covered by such Award, or to which such
Award relates, or the number of Shares otherwise counted against the aggregate number of Shares with respect to which Awards may be granted, to the extent of any such settlement, forfeiture,
termination or cancellation, shall again become Shares with respect to which Awards may be granted. In the event that any Option or other Award granted hereunder is exercised through the delivery of
Shares or in the event that withholding tax liabilities arising from such Award are satisfied by the withholding of Shares by the Company, the number of Shares available for Awards under the Plan
shall be increased by the number of Shares so surrendered or withheld. 

        (b)   Award Limits.    Notwithstanding any provision herein to the contrary, subject to adjustment as set forth in
Section 4(c), in no event shall a Participant receive an Award or Awards during any one calendar year covering in the aggregate more than 225,600 Shares (whether such Award or Awards may be
settled in Shares, cash or any combination thereof). 

        (c)   Adjustments.    In the event that the Committee determines that any dividend or other distribution (whether in
the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off,
combination, repurchase, or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or other similar
corporate transaction or event affects the Shares such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential
benefits intended to be made 

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available
under the Plan, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number of Shares or other securities of the Company (or number and kind
of other securities or property) with respect to which Awards may be granted, (ii) the number of Shares or other securities of the Company (or number and kind of other securities or property)
subject to outstanding Awards and (iii) the grant or exercise price with respect to any Award, or, if deemed appropriate, make provision for a cash payment to the holder of an outstanding
Award; provided, in each case, that (A) with respect to Awards of Incentive Stock Options no such adjustment shall be authorized to the extent that such authority would cause the Plan to
violate Section 422(b)(1) of the Code, as from time to time amended, and (B) with respect to any Award no such adjustment shall be authorized to the extent that such authority would be
inconsistent with the Plan's meeting the requirements of Section 162(m) of the Code, as from time to time amended, or Rule 16b-3, as from time to time amended. 

        (d)   Sources of Shares Deliverable Under Awards.    Any Shares delivered pursuant to an Award may consist, in whole
or in part, of authorized and unissued Shares or of treasury Shares, including Shares purchased in the open market or in private transactions. 

SECTION
5.    Eligibility.    Any Director or Employee shall be eligible to be designated a Participant. 

SECTION
6.    Stock Options. 

        (a)   Grant.    Subject to the provisions of the Plan, the Committee shall have sole and complete authority to
determine the Participants to whom Options shall be granted, the number of Shares to be covered by each Option, the option price therefor and the conditions and limitations applicable to the exercise
of the Option. The Committee shall have the authority to grant Incentive Stock Options, or to grant Nonqualified Stock Options, or to grant both types of options, provided that Incentive Stock Options
may only be granted to Employees of the Company and its subsidiaries. In the case of Incentive Stock Options, the terms and conditions of such grants shall be subject to and comply with such rules as
may be prescribed by Section 422 of the Code, as from time to time amended, and any regulations implementing such statute. 

        (b)   Exercise Price.    The Committee in its sole discretion shall establish the exercise price at the time each
Option is granted, provided that the per share price at which Shares may be purchased upon exercise of an Option shall be no less than one hundred percent (100%) of the Fair Market Value of a Share at
the time such Option is granted. 

        (c)   Exercise.    Subject to the terms of the Plan, each Option shall be exercisable at such times and subject to
such terms and conditions as the Committee may, in its sole discretion, specify in the applicable Award Agreement or thereafter, provided that no Option shall be exercisable after the expiration of
ten years from the date the Option is granted. The Committee may impose such conditions with respect to the exercise of Options, including without limitation any conditions relating to the application
of federal or state securities laws, as it may deem necessary or advisable. 

        (d)   Payment.    No Shares shall be delivered pursuant to any exercise of an Option until payment in full of the
option price therefor is received by the Company. Such payment may be made in cash, or its equivalent, or, if and to the extent permitted by the Committee, by exchanging Shares owned by the optionee
(which are not the subject of any pledge or other security interest), or by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the Fair Market Value
of any such Shares so tendered to the Company as of the date of such tender is at least equal to such option price. 

SECTION
7.    Stock Appreciation Rights. 

        (a)   Grant.    Subject to the provisions of the Plan, the Committee shall have sole and complete authority to
determine the Participants to whom Stock Appreciation Rights shall be granted, the 

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number
of Shares to be covered by each Stock Appreciation Right, the grant price thereof, which may be no less than one hundred percent (100%) of the Fair Market Value of a Share on the date of grant,
the conditions and limitations applicable to the exercise thereof and whether a Stock Appreciation Right shall be settled in cash, Shares or a combination of cash and Shares. Stock Appreciation Rights
may be granted in tandem with another Award, in addition to another Award, or freestanding and unrelated to another Award. Stock Appreciation Rights granted in tandem with or in addition to an Award
may be granted either at the same time as the Award or at a later time, provided that any Stock Appreciation Right related to an Incentive Stock Option must be granted at the same time such Incentive
Stock Option is granted. 

        (b)   Other Terms and Conditions.    Subject to the terms of the Plan and any applicable Award Agreement, the
Committee shall determine, at or after the grant of a Stock Appreciation Right, the term, methods of exercise, methods and form of settlement and any other terms and conditions of any Stock
Appreciation Right. Any such determination by the Committee may be changed by the Committee from time to time and may govern the exercise of Stock Appreciation Rights granted prior to such
determination as well as Stock Appreciation Rights granted thereafter. The Committee may impose such conditions or restrictions on the exercise of any Stock Appreciation Right as it shall deem
appropriate. 

SECTION
8.    Restricted Stock and Restricted Stock Units. 

        (a)   Grant.    Subject to the provisions of the Plan, the Committee shall have sole and complete authority to
determine the Participants to whom Shares of Restricted Stock and Restricted Stock Units shall be granted, the number of Shares of Restricted Stock and/or the number of Restricted Stock Units to be
granted to each Participant, the duration of the period during which, and the conditions under which, the Restricted Stock and Restricted Stock Units may be forfeited to the Company, the other terms
and conditions of such Awards and, in the case of Restricted Stock Units, whether such Units shall be settled in cash, Shares or a combination of cash and Shares on the date of grant. Each Restricted
Stock Unit shall have a value equal to no less than one hundred percent (100%) of the Fair Market Value of a Share on the date of grant. 

        (b)   Transfer Restrictions.    Shares of Restricted Stock and Restricted Stock Units may not be sold, assigned,
transferred, pledged or otherwise encumbered, except, in the case of Restricted Stock, as provided in the Plan or the applicable Award Agreements. Certificates issued in respect of Shares of
Restricted Stock shall be registered in the name of the Participant and deposited by such Participant, together with a stock power endorsed in blank, with the Company. Upon the lapse of the
restrictions applicable to such Shares of Restricted Stock, the Company shall deliver such certificates to the Participant or the Participant's legal representative. 

        (c)   Dividends and Distributions.    Dividends and other distributions paid on or in respect of any Shares of
Restricted Stock may be paid directly to the Participant, or may be reinvested in additional Shares of Restricted Stock or in additional Restricted Stock Units, as determined by the Committee in its
sole discretion. 

        (d)   Voting of Restricted Stock.    Unless otherwise determined by the Committee at the time of grant, a Participant
to whom Shares of Restricted Stock shall be granted shall be entitled to vote such Shares. 

SECTION
9.    Other Stock-Based Awards.    The Committee shall have authority to grant to Participants an Other Stock-Based Award,
which shall consist of any right that is (i) not an Award described in Sections 6 through 8 above and (ii) an Award of Shares or an Award denominated or payable in, valued in whole or in
part by reference to, or otherwise based on or related to, Shares (including, without limitation, securities convertible into Shares), as deemed by the Committee to be consistent with the purposes of
the Plan. Subject to the terms of the Plan and any applicable Award Agreement, 

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the
Committee shall determine the terms and conditions of any such Other Stock-Based Award and whether such Awards shall be paid in cash, Shares or a combination of cash and Shares. 

SECTION
10.    Performance Awards. 

        (a)   Grant.    The Committee shall have sole and complete authority to determine the extent to which an Award of
Restricted Stock, Restricted Stock Units or Other Stock-Based Awards shall be subject to the achievement of one or more Performance Targets over one or more Performance Periods. For any Award to a
Covered Employee, any such Performance Target and related Performance Goal(s) and Performance Period(s) shall be determined by the Committee within the time prescribed by Section 162(m) and the
regulations thereunder, or any successors thereto, in order for the Performance Target to be considered "pre-established" for this purpose. 

        (b)   Terms and Conditions.    Subject to the terms of the Plan and any applicable Award Agreement, the Committee
shall determine the Performance Targets to be achieved during any Performance Period, the length of any Performance Period, the amount of any Performance Award and the amount and kind of any payment
or transfer to be made pursuant to any Performance Award. 

        (c)   Payment of Performance Awards.    Performance Awards may be paid in a lump sum or in installments following the
close of the Performance Period, provided that no full and/or partial payment of a Performance Award granted hereunder may be made to a Covered Employee until the Committee has certified in writing
the attainment by the Company of the applicable Performance Target or Performance Targets over the applicable Performance Period or Performance Periods. 

        (d)   Performance Goals.    For purposes of the Plan, the term "Performance Goals" shall mean objective criteria
based on one or more of the following: net income, net income before taxes, operating earnings, cash earnings, operating cash earnings, cash flow, financial return ratios (including, but not limited
to, return on average total assets, return on tangible total assets, return on average stockholders' equity, return on average tangible stockholders' equity, average stockholders' equity to average
total assets, risk-adjusted return on capital, return on investment, economic value added, efficiency ratio, expense ratio, revenue growth, noninterest income to total revenue ratio and
net interest margin), total stockholder return, earnings per share, operating earnings per share, cash earnings per share, other balance sheet or income statement items, stock price, market share or
project completion. Performance Goals with respect to awards to Participants who are not Covered Employees also may be based on any other objective performance goals as may be established by the
Committee for a Performance Period. Performance Goals may be measured (i) solely on a corporate, subsidiary or business unit basis or a combination thereof and/or (ii) on actual or
targeted growth factors. Performance Goals may reflect absolute entity performance or a relative comparison of entity performance to the performance of a peer group of entities or other external
measure of the selected Performance Goals. A Performance Goal may include or exclude items that measure specific objectives, such as the cumulative effect of changes in generally accepted accounting
principles, losses resulting from discontinued operations, securities gains and losses, restructuring, merger-related and other nonrecurring costs, amortization of goodwill and other intangible
assets, extraordinary gains or losses and any unusual, nonrecurring gain or loss that is separately quantified in the Company's financial statements. Any Performance Goal expressed on a
per-Share basis shall, in case of a recapitalization, stock dividend, stock split or reverse stock split affecting the number of outstanding Shares, be mathematically adjusted by the
Committee so that the change in outstanding Shares does not cause a substantive change in the relevant goal. The Committee may adjust Performance Goals for any other objective events or occurrences
which occur during a Performance Period, including, but not limited to, acquisitions by the Company and changes in applicable tax laws or accounting principles, provided that the Committee shall not
have the discretion to increase the amount of a Performance Award that would otherwise be due upon attainment of a Performance Target or Performance Targets to any 

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Participant
who is a Covered Employee except to the extent permitted under Section 162(m) of the Code and the regulations thereunder or any successors thereto. 

SECTION
11.    Termination or Suspension of Directorship or Employment.    The following provisions shall apply in the event of the
Participant's termination of directorship or employment unless the Committee shall have provided otherwise, either at the time of the grant of the Award or thereafter. 

        (a)   Nonqualified Stock Options and Stock Appreciation Rights. 

        (i)    Termination of Directorship or Employment.    If the Participant's directorship or employment with the Company
or its Affiliates is terminated for any reason other than death, permanent and total disability or retirement, the Participant's right to exercise any Nonqualified Stock Option or Stock Appreciation
Right shall terminate, and such Option or Stock Appreciation Right shall expire, on the earlier of (A) the close of business on the 90th day after such termination of directorship
or employment or (B) the date such Option or Stock Appreciation Right would have expired had it not been for the termination of directorship or employment. The Participant shall have the right
to exercise such Option or Stock Appreciation Right prior to such expiration to the extent it was exercisable at the date of such termination of directorship or employment and shall not have been
exercised. 

        (ii)   Death, Disability or Retirement.    If the Participant's directorship or employment with the Company or its
Affiliates is terminated by death, permanent and total disability or retirement, the Participant or his successor (if employment is terminated by death) shall have the right to exercise any
Nonqualified Stock Option or Stock Appreciation Right to the extent it was exercisable at the date of such termination of directorship or employment and shall not have been exercised, but in no event
shall such Option or Stock Appreciation Right be exercisable later than the date the Option or Stock Appreciation Right would have expired had it not been for the termination of such directorship or
employment. 

        (iii)  Acceleration and Extension of Exercisability.    Notwithstanding the foregoing, the Committee may, in its
discretion, provide (A) that an Option granted to a Participant may terminate at a date earlier than that set forth above, including without limitation the date of termination of directorship
or employment, (B) that an Option granted to a Participant may terminate at a date later than that set forth above, provided such date shall not be beyond the date the Option would have expired
had it not been for the termination of the Participant's directorship or employment, and (C) that an Option or Stock Appreciation Right may become immediately exercisable when it finds that
such acceleration would be in the best interests of the Company. 

        (b)   Incentive Stock Options.    Except as otherwise determined by the Committee at the time of grant, if the
Participant's employment with the Company is terminated for any reason, the Participant shall have the right to exercise any Incentive Stock Option and any related Stock Appreciation Right during the
90 days after such termination of employment to the extent it was exercisable at the date of such termination, but in no event later than the date the Option would have expired had it not been
for the termination of such employment. If the Participant does not exercise such Option or related Stock Appreciation Right to the full extent permitted by the preceding sentence, the remaining
exercisable portion of such Option automatically will be deemed a Nonqualified Stock Option, and such Option and any related Stock Appreciation Right will be exercisable during the period set forth in
Section 11(a) of the Plan, provided that in the event that employment is terminated because of death or the Participant dies during such 90-day period, the Option will continue to
be an Incentive Stock Option to the extent provided by Section 421 or Section 422 of the Code, or any successor provisions, and any regulations promulgated thereunder. 

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        (c)   Restricted Stock.    Except as otherwise determined by the Committee at the time of grant, upon termination of
a Participant's directorship or employment for any reason during the restriction period, all shares of Restricted Stock still subject to restriction shall be forfeited by the Participant and
reacquired by the Company at the price (if any) paid by the Participant for such Restricted Stock, provided that in the event of a Participant's retirement, permanent and total disability or death, or
in cases of special circumstances, the Committee may, in its sole discretion, when it finds that a waiver would be in the best interests of the Company, waive in whole or in part any or all remaining
restrictions with respect to such Participant's shares of Restricted Stock. 

SECTION
12.    Change in Control.    Notwithstanding any other provision of the Plan to the contrary, upon a Change in Control all
outstanding Awards shall vest, become immediately exercisable or payable or have all restrictions lifted as may apply to the type of Award. 

SECTION
13.    Amendment and Termination. 

        (a)   Amendments to the Plan.    The Board may amend, alter, suspend, discontinue or terminate the Plan or any
portion thereof at any time, provided that no such amendment, alteration, suspension, discontinuation or termination shall be made that would adversely affect the rights of any Participant or any
holder or beneficiary of any Award theretofore granted without the consent of the affected Participant, holder or beneficiary, or that without the approval of the stockholders of the Company would: 

        (i)    except
as provided in Section 4(c) of the Plan, increase the total number of Shares with respect to which Awards may be granted under the Plan; 

        (ii)   change
the employees or class of employees eligible to participate in the Plan; 

        (iii)  reduce
the exercise price for Options and Stock Appreciation Rights by repricing or replacing such Awards; or 

        (iv)  change
the Performance Goals which may be established for Performance Awards. 

        (b)   Amendments to Awards.    The Committee may waive any conditions or rights under, amend any terms of, or alter,
suspend, discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively, provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation
or termination that would adversely affect the rights of any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without the consent of the
affected Participant, holder or beneficiary. Notwithstanding any other provision of the Plan to the contrary, except as provided in Section 4(c) and Section 13(c), the Committee shall
not have the authority to cancel any outstanding Option or Stock Appreciation Right and issue a new Option or Stock Appreciation Right in its place with a lower exercise price without the approval of
the stockholders of the Company. 

        (c)   Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events.    The Committee is hereby
authorized to 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(c) hereof) affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate, 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 that no such adjustment shall be authorized to the extent that such authority would be inconsistent with the Plan's meeting the requirements of Section 162(m) of the
Code, as from time to time amended, or Rule 16b-3, as from time to time amended. 

9

 

SECTION
14.    General Provisions. 

        (a)   Dividend Equivalents.    In the sole and complete discretion of the Committee, an Award may provide the
Participant with dividends or dividend equivalents, payable in cash, Shares, other securities or other property on a current or deferred basis. 

        (b)   Nontransferability.    No Award shall be assigned, alienated, pledged, attached, sold or otherwise transferred
or encumbered by a Participant, except by will or the laws of descent and distribution or pursuant to a QDRO, provided, however, that an Award may be transferable, to the extent determined by the
Committee and set forth in the applicable Award Agreement, (i) if such Award Agreement provisions do not disqualify such Award for exemption under Rule 16b-3, as from time to
time amended, (ii) if such Award is not intended to qualify for exemption under such rule or (iii) with respect to Awards which are Incentive Stock Options, if such Award Agreement
provisions do not prevent the Incentive Stock Options from qualifying as such under Section 422 of the Code, as from time to time amended. 

        (c)   No Rights to Awards.    No Director, Employee, Participant or other Person shall have any claim to be granted
any Award, and there is no obligation for uniformity of treatment of Directors, Employees, Participants or holders or beneficiaries of Awards. The terms and conditions of Awards need not be the same
with respect to each recipient. 

        (d)   Share Certificates.    All certificates for Shares or other securities of the Company or any Affiliate
delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the
rules, regulations and other requirements of the SEC, any stock exchange or national market quotation system upon which such Shares or other securities are then listed or quoted, respectively, and any
applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

        (e)   Withholding.    A Participant may be required to pay to the Company or any Affiliate and the Company or any
Affiliate shall have the right and is hereby authorized to withhold from any Award, from any payment due or transfer made under any Award or under the Plan or from any compensation or other amount
owing to a Participant the amount (in cash, Shares, other securities, other Awards or other property) of any applicable withholding taxes in respect of any Award, its exercise or any payment or
transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. The Committee may
provide for additional cash payments to holders of Awards to defray or offset any tax arising from the grant, vesting, exercise or payments of any Award, but only in the case of a Covered Employee to
the extent permitted under Section 162(m) of the Code and the regulations thereunder or any successor thereto. 

        (f)    Award Agreements.    Each Award hereunder shall be evidenced by an Award Agreement that shall be delivered to
the Participant and shall specify the terms and conditions of the Award and any rules applicable thereto. 

        (g)   No Limit on Other Compensation Arrangements.    Nothing contained in the Plan shall prevent the Company or any
Affiliate from adopting or continuing in effect other compensation arrangements, which may, but need not, provide for the grant of Options, Restricted Stock Awards and other types of Awards provided
for hereunder (subject to stockholder approval if such approval is required), and such arrangements may be either generally applicable or applicable only in specific cases. 

        (h)   No Right to Employment.    Neither the Plan nor the grant of any Awards hereunder nor any action taken by the
Committee or the Board in connection with the Plan shall create any right on the part of any Director to remain in this capacity or any Employee to continue in the employ of the Company or any
Affiliate. 

10

 

        (i)    No Rights as Stockholder.    Subject to the provisions of the applicable Award and the Plan, no Participant or
holder or beneficiary of any Award shall have any rights as a stockholder with respect to any Shares to be distributed under the Plan until he or she has become the holder of such Shares. 

        (j)    Governing Law.    The validity, construction and effect of the Plan and any rules and regulations relating to
the Plan and any Award Agreement shall be determined in accordance with the laws of the State of Florida. 

        (k)   Severability.    The Plan is intended to comply in all aspects with applicable laws and regulations, including,
with respect to those Participants who are Covered Employees, Section 162(m) of the Code and the regulations thereunder, or any successors thereto. If any provision of the Plan or any Award is
or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the
Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee,
materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain in full
force and effect. 

        (l)    Other Laws.    The Committee may refuse to issue or transfer any Shares or other consideration under an Award
if, acting in its sole discretion, it determines that the issuance or transfer of such Shares or such other consideration might violate any applicable law, regulation or listing or quotation
requirement relating to the Shares or entitle the Company to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant, other holder or
beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary. Without limiting the generality of the foregoing, no Award
granted hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding, unless and until the Committee in its sole discretion has determined that
any such offer, if made, would be in compliance with all applicable requirements of the U.S. federal securities laws and any other laws to which such offer, if made, would be subject, as well as any
applicable listing or quotation requirements relating to the Shares. 

        (m)  No Trust or Fund Created.    Neither the Plan nor any Award shall create or be construed to create a trust or
separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments
from the Company or any Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Affiliate. 

        (n)   No Fractional Shares.    No fractional Shares shall be issued or delivered pursuant to the Plan or any Award,
and the Committee shall determine whether cash, other securities or other property shall be paid or transferred in lieu of any fractional Shares or whether such fractional Shares or any rights thereto
shall be canceled, terminated or otherwise eliminated. 

        (o)   Headings.    Headings are given to the Sections and subsections of the Plan solely as a convenience to
facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 

        (p)   Successors and Assigns.    The Plan and any Award Agreement shall be binding upon the successors and assigns of
the Company and upon each Participant and such Participant's heirs, executors, administrators, personal representatives, permitted assignees and successors in interest. 

SECTION
15.    Effective Date; Term of the Plan. 

        (a)   Effective Date.    The Plan shall be effective upon its approval by the stockholders of the Company. 

11

 

        (b)   Term of the Plan.    The Plan shall remain in effect until the earlier of (i) the date that no
additional Shares are available for issuance under the Plan, (ii) the date that the Plan has been terminated in accordance with Section 13 or (iii) the close of business on the
tenth annual anniversary of the Effective Date. Termination of the Plan shall not affect any Awards previously granted and such Awards shall remain valid and in effect until they have been fully
exercised or earned, are surrendered or by their terms expire or are forfeited. 

12

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Exhibit 10.2

LYDIAN TRUST COMPANY 2003 EQUITY INCENTIVE PLANQuickLinks
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Exhibit 10.13  

 
 

SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT    
    

        This Second Amended and Restated Employment Agreement ("Agreement") is made as of December 15, 2003, by and
between Transaction Systems Architects, Inc., a Delaware corporation, ("Employer") and Gregory D. Derkacht
("Employee"). 

 
 

PRELIMINARY STATEMENTS    
    

A.
Employer and Employee have entered into that certain employment agreement (the "2001 Employment Agreement") dated as of December 3, 2001
pertaining to the terms of the employment of Employee by Employer, which agreement was amended and restated as of April 28, 2003. Such amended and restated agreement is referred to herein as
the "First Amended and Restated Employment Agreement." 

B.
Employer and Employee desire to amend and restate the First Amended and Restated Employment Agreement to modify the terms and conditions pursuant to which Management Incentive Compensation may be
payable to Employee hereunder. 

 
 

AGREEMENT    
    

        The parties to this Agreement, intending to be legally bound, agree as follows: 

        1.    Employment    Employer hereby agrees to employ Employee as President and Chief Executive
Officer ("CEO"), and Employee hereby accepts such employment by Employer upon the terms and conditions and with such duties as determined by the Board
of Directors of Employer from time to time and which shall be related or appropriate to the position. 

        2.    Term.    The term of employment commenced on January 2, 2002, and shall continue
for a period of three years thereafter, unless sooner terminated as hereinafter set forth in Section 6, subject to certain provisions surviving termination as set forth below. Thereafter, this
Agreement and the term of employment pursuant hereto will be automatically extended for successive one-year terms, unless either party elects to terminate this Agreement by giving the
other party written notice thereof not less than 90 days prior to the end of the then-current term. 

        3.    Duties.    Employee shall, during the term hereof: 

                (a)    Execute Duties.    Execute the duties attendant to his position as determined and directed by the
Board of Directors from time to time. 

                (b)    Board Service.    Serve as a member of the Employer's Board of Directors. 

                (c)    Full Efforts and Time.    Consistent with the foregoing, Employee shall devote full business
time, energy, and skill to the businesses of Employer, and to the promotion of Employer's best interests; provided, however, that this Agreement shall
not preclude Employee from participating in the affairs of any governmental, educational or other charitable institution, from engaging in professional speaking and writing activities, and from
serving as a member of the board of directors of other corporations or entities (subject to the approval by the Chairman of the Board of Directors of Employer) so long as such activities do not
unreasonably interfere with the businesses of Employer or conflict with Employee's obligations under this Agreement. 

        4.    Compensation.

                (a)    Base.    Effective January 1, 2003, Employer shall pay Employee for all services to be
performed by Employee during the term of this Agreement a base salary (the "Base Salary") at the minimum rate of $360,000 per year, payable in
substantially equal semi-monthly payments in accordance with Employer's customary practice for other employees, as such practice may be determined from time to time. The Board of Directors
may increase such Base Salary but not decrease 

 

such
Base Salary unless, as a result of a reasonable business judgment by the Board of Directors of Employer, there is a prorata across-the-board salary reduction for all
executive level management employees of Employer. 

                (b)    Management Incentive Compensation.    In addition to the Base Salary, Employee shall be entitled
to participate in the Employer's annual Management Incentive Compensation Program approved by the Board of Directors of Employer ("MICP"), subject to
the provisions of this Agreement. Employee's "on target" incentive compensation will be $150,000 per fiscal year, prorated over the number of periods established under the MICP. For clarification
purposes, the MICP for fiscal year 2004 provides for five periods, one for each fiscal quarter and one for the fiscal year. The amount of incentive compensation payable to Employee with respect to a
particular period will depend upon the achievement of (i) the financial results set forth in the MICP with respect to the fiscal quarter and (ii) such additional objectives as the Board
of Directors of Employer may reasonably establish from time to time. The Board of Directors may increase or decrease the incentive compensation payable to Employee. 

                (c)    Business Expenses.    In addition to the Base Salary set forth above, Employer agrees that during
the term of this Agreement Employee shall be entitled to reimbursement by Employer for all reasonable and documented business expenses incurred by him on Employer's behalf in the course of his
employment hereunder in accordance with Employer's policy concerning the same. 

                (d)    Board Service.    No separate or additional compensation will be paid to Employee with respect to
service on the Board of Directors. 

                (e)    Stock Options.    Employee has received three stock option grants from the Employer's existing
stock option plans. The first grant was in the amount of 100,000 shares and was made on January 2, 2002. The second and third grants were in the amount of 200,000 shares each and were made
February 19, 2002. The terms and conditions for each of the grants are set forth in separate stock option agreements. The stock option agreements for each of the grants are attached hereto as
Exhibits B, C and D, respectively. 

        5.    Additional Benefits.    Employee and his dependents shall be entitled to participate in
and receive health insurance and other benefits ("Benefit Plans") under the Employer's Benefit Plans, whether qualified or non-qualified,
subject to and on a basis consistent with the terms, conditions, and overall administration of such Benefit Plans as provided to similarly situated employees of Employer, as changed from time to time.
Employee shall be entitled to a minimum of four weeks of paid vacation and holidays in accordance with Employer's policies in effect from time to time for its employees. 

        6.    Termination. 

                (a)    Types of Termination. 

                        (i)    For Cause by Employer.    Any termination of Employee's employment by Employer for Cause (as
defined in Exhibit E attached hereto) shall be authorized by a vote of at least a majority of the non-employee members of the Board of Directors of Employer within 12 months
of a majority of such non-employee members of the Board of Directors having actual knowledge of the event or circumstances providing a basis for such termination. In the case of
clause (ii) of the definition of Cause, Employee shall be given notice by the Board of Directors specifying in detail the particular act or failure to act on which the Board of Directors is
relying in proposing to terminate him for Cause and offering Employee an opportunity, on a date at least 14 days after receipt of such notice, to have a hearing, with counsel, before a majority
of the non-employee members of the Board of Directors, including each of the members of the Board of Directors who authorized the termination for Cause. Employee shall not be terminated
for Cause if, within 30 days after the date of Employee's hearing before the Board of Directors (or if Employee waives a hearing, within 30 days after receiving notice of the proposed
termination), he has corrected the particular act or failure to act specified in the notice 

2

 

and
by so correcting such act or failure to act he has reduced the economic damage his act or failure to act has allegedly caused Employer to a level which is no longer material or has eliminated the
probability that such act or failure to act is likely to result in material economic damage to Employer. No termination for Cause shall take effect until the expiration of the correction period
described in the preceding sentence and the determination by a majority of the non-employee members of the Board of Directors that Employee has failed to correct the act or failure to act
in accordance with the terms of the preceding sentence. 

                        Anything
herein to the contrary notwithstanding, if, following a termination of Employee's employment by Employer for Cause based upon the conviction of Employee for a
felony involving moral turpitude such conviction is finally overturned on appeal, Employee shall be entitled to the compensation provided in Sections 4(a) and 4(c) of that certain severance
compensation agreement (the "Severance Compensation Agreement") made as of April 28, 2003 between Employer and Employee, a copy of which is
attached hereto as Exhibit F. In lieu of the interest provided in clause (iv) of the first sentence of Section 4(a) of the Severance Compensation Agreement and the interest
provided in the second sentence of Section 4(c) of the Severance Compensation Agreement, however, the compensation provided in Sections 4(a) and 4(c) of the Severance Compensation Agreement
shall be increased by a 10% rate of interest, compounded annually, calculated from the date such compensation would have been paid if Employee's employment had been terminated without Cause. 

                        (ii)    By Employee Voluntarily.    Employee may terminate his employment voluntarily hereunder
30 days after providing Employer written notice setting forth his intention to do so. 

                        (iii)    Death, Disability or Retirement of Employee.    If Employee's employment is terminated during
the term of this Agreement due to the death, Disability (as defined below) or Retirement (as defined in Exhibit E) of Employee, then an amount equal to Employee's Base Salary (at the rate most
recently in effect) shall be paid through the date of his death, Disability or Retirement, plus an amount in respect of any accrued but unused vacation days;  provided, however, that if Employee's employment is terminated due to death, Disability or Retirement
subsequent to a Change in Control, then the applicable provisions of the Severance Compensation Agreement shall govern. 

                        In
addition to any other compensation provided for under this Agreement or the Severance Compensation Agreement, Employee's beneficiaries shall also receive any insurance
benefits under the Benefit Plans to which Employee or his beneficiaries are entitled on the date of his death or Disability. Furthermore, if Employee's employment is terminated during the term of this
Agreement due to Disability, then Employee will be entitled to continued participation in all Benefit Plans or programs available to Employer's employees generally, until the earlier of (A) the
date, or dates, he receives equivalent coverage and benefits under the plans and programs of a subsequent employer (such coverages and benefits to be determined on a
coverage-by-coverage or benefit-by-benefit basis) or (B) two years from the Termination Date; provided (1) if Employee is precluded from
continuing his participation in any Benefit Plan or program as provided in the preceding sentence, he shall be paid, in a lump sum cash payment, within 30 days following the date it is
determined he is unable to participate in any Benefit Plan or program, the after-tax economic equivalent of the benefits provided under the plan or program in which he is unable to
participate for the period specified in the preceding sentence, and (2) the economic equivalent of any benefit foregone shall he deemed to be the lowest cost that would be incurred by Employee
in obtaining such benefit for himself (including family or dependent coverage, if applicable) on an individual basis. Employee shall be eligible for group health plan continuation coverage under and
in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1965, as amended, when he ceases to be eligible for continued participation in Employer's group health plan under this
Section 6(a)(iii). 

                        As
used in this Agreement, the term "Disability" shall mean the inability of Employee, due to physical or mental illness,
with or without a reasonable accommodation, to perform his duties 

3

 

with
Employer on a full-time basis for six months and, within 30 days after a Notice of Termination (as defined in Exhibit E) is thereafter given by Employer, Employee's
failure to return to the full-time performance of Employee's duties as set forth in Section 3. 

                        In
the case of the Disability or Retirement of Employee, the Noncompetition and Confidentiality and other provisions of Sections 7 and 8 hereof shall remain in effect. 

                        (iv)    Without Cause by Employer.    Employer may terminate the employment of Employee at any time
without Cause after providing Employee with 30 days' prior written notice setting forth its intention to do so. 

                        (v)    Expiration of Term.    The expiration of this Agreement is by its own term, as set forth in
Section 2. 

                (b)    Compensation on Termination.    Except as otherwise set forth in the Severance Compensation
Agreement, if Employee is terminated for Cause, death, Disability, Retirement, or voluntarily terminates his employment, or if this Agreement terminates by its own term, he shall not be entitled to
any compensation following the date of termination as defined below (the "Termination Date"): 

                        (i)    for
Cause by Employer—immediately upon the expiration of the correction period described in Section 6(a)(i) and the
determination by a majority of the non-employee members of the Board of Directors that Employee has failed to correct the act or failure to act in accordance with the terms of
Section 6(a)(i); 

                        (ii)    for
death, Disability or Retirement—for death or Retirement, immediately upon the date of such occurrence; for Disability, immediately upon
expiration of the notice period described in Section 6(a)(iii) if Employee fails to return to the full-time performance of Employee's duties as set forth in Section 3; 

                        (iii)    for
voluntary termination—on the 30th day following notice by Employee to Employer; and 

                        (iv)    by
its own term—on the date set forth in Section 2, 

                (c)    Compensation for Termination Without Cause.    In the event Employee is terminated by Employer
without Cause, Employer shall pay to Employee $150,000. 

                (d)    Change in Control Compensation.    Employee shall be entitled to the compensation provided in the
Severance Compensation Agreement pursuant to the terms stated in such agreement. 

                (e)    Any
termination of Employee by Employer pursuant to Section 6(a)(i) or 6(a)(iii) above, or by Employee pursuant to
Section 6(a)(ii) above, shall be communicated by a Notice of Termination to the other party to this Agreement. 

        7.    Noncompetition, Noninducement, Nonsolicitation.

                (a)    Employee
hereby agrees that commencing on the date of this Agreement and continuing through 180 days after the termination date (the
"Non-Compete Period"), he shall not singly, jointly, or as a member, employee, or agent of any partnership or as an officer, agent,
employee, director or stockholder, or investor of any other corporation or entity, or in any other capacity, which is engaged in a similar business to that of Employer during the period of
non-competition: 

                        (i)    solicit,
contact and/or service any person, firm, corporation, partnership, or entity of any kind whatsoever for purposes which are competitive to that of
Employer, and for purposes similar to those performed by Employee for Employer, a client of Employer for which Employee performed service or had personal contact with on behalf of Employer during the
last one year of Employee's employment with Employer; provided, that Employee shall be able to acquire and hold up to 1% of the 

4

 

outstanding
shares of any publicly traded stock of any company, and an unlimited percentage of outstanding shares in the Employer, its parent, affiliates, or subsidiaries; and 

                        (ii)    directly
or indirectly induce or attempt to induce any person who, during the term of Employee's employment hereunder, was an employee, representative or
agent of Employer or any of its affiliates to terminate his employment with Employer or any of its affiliates, or to violate the terms of any agreement between said employee, representative or agent
and Employer or any of its affiliates. 

                (b)    It
is understood and agreed by Employer and Employee that the time periods of the restrictions set forth in Section 7(a) of this Agreement are
intended by Employer and Employee to be extended by any time period during which Employee violates the terms and conditions of Section 7(a). Notwithstanding anything which could be construed to
the contrary, this Section 7(b) is not intended to and shall not be deemed to permit Employee to violate any term or condition of Section 7(a). 

                (c)    In
the event any of the provisions of this Agreement shall be held to be invalid or unenforceable, the remaining portions thereof shall nevertheless
continue to be valid and enforceable as though the invalid or unenforceable parts had not been included herein. 

                (d)    Employer
and Employee specifically agree that the provisions of Sections 7, 8, 9, and 10 shall survive the termination of this Agreement. 

                (e)    Employer
and Employee agree that the provisions of this Section 7 may be waived in whole or in part by mutual agreement in writing by Employer and
Employee. 

        8.    Confidentiality.    Without the consent of Employer, Employee will not, during his
Employment or after termination of this Agreement, (a) disclose any trade secret or proprietary or confidential knowledge or information of Employer or any affiliate of Employer to any person
or entity (other than to Employer or shareholders, directors, officers or employees of Employer or representatives thereof), or (b) otherwise make use of any such secret, knowledge or
information for other than Employers purposes, unless in the case of (a) or (b) above such secret, knowledge or information is readily ascertainable from publicly available information.
Employee will hold confidential, on behalf of Employer as the property of Employer, all memoranda, manuals, books, papers, letters, documents, computer software and other similar property obtained
during the course of performing duties under this Agreement, and will return such property to Employer at any time upon demand by Employer and, in any event, within three calendar days after
termination of his employment under this Agreement or after the end of the term of this Agreement. 

        9.    Developments.

                (a)    As
used in this Agreement, the term "Employee Developments" shall mean all technological, financial,
operating and training ideas, processes, methods and materials, specifically including, but not limited to, all inventions, discoveries, improvements, devices, apparatus, designs, practices,
processes, methods, formulas, know-how, products, enhancements and all software, computer programs (including source code, object code, documentation and programmer's notes) and other
works of authorship, whether or not patentable or copyrightable, developed, written, conceived or reduced to practice during Employee's employment by Employer or within a period of 90 days
thereafter (i) which result from any work performed by Employee for the Employer, or (ii) which relate to the Employer's business or research or development of the Employer at the time
Employee develops, writes, conceives or reduces to practice any of the foregoing, alone or with others. 

                (b)    Employee
shall promptly disclose all Employee Developments to the Employer and make available to the Employer any work papers, drawings, designs,
schematics, specifications, descriptions, models, diskettes, computer tapes, source codes or other tangible incidents of Employee Developments. Employee agrees that all Employee Developments shall be
considered work made by Employee for the Employer and prepared within the scope of Employee's employment and that all right, title and 

5

 

ownership
interest in and to the Employee Developments, including, without limitation, copyright, trade secret, patent or other intellectual property rights, shall exclusively vest in and be retained
by the Employer, both during and following the term of employment. Employee agrees to perform upon request of the Employer any acts that may be necessary or convenient during his term of employment or
thereafter to establish, perfect, evidence, register, transfer, assign or convey ownership of Employee Developments in or to the Employer, to the fullest extent possible, including without limitation,
assignment to the Employer of all ownership, copyright, trade secret, patent and other intellectual property rights without any further consideration. 

        10.    Remedies.

                (a)    Employer
shall be entitled, if it elects, to enjoin any breach or threatened breach of, or enforce the specific performance of, the obligations of Employee
under Sections 7 and 8, without showing any actual damage or that monetary damages would be inadequate. Any such equitable remedy will not be the sole and exclusive remedy for any such breach, and
Employer may pursue other remedies for such a breach. 

                (b)    Any
court proceeding to enforce the specific performance provisions of this Agreement may be commenced in the federal courts located in the State of
Nebraska, or in the absence of federal jurisdiction, the state courts of Nebraska having jurisdiction. Employer and Employee submit to the jurisdiction of such courts and waive any objection which
they may have to the pursuit of any such proceeding in any such court for purposes of specific performance only. 

        11.    Employer Assignment.    Employer may assign this Agreement,  provided, however, that in the event of such assignment by the Employer, Employer's obligations
hereunder shall be binding legal obligations and shall inure to the benefit of any successor. 

        12.    Relocation.    Employee agrees to relocate to Omaha, Nebraska, for the term of this
Agreement. Employer will pay for movement of Employee's household and personal belongings. Employer will pay for real estate commission and other customary and reasonable closing costs associated with
the sale of Employee's current home in Chicago. Employer will not pay for any fees or costs associated with the purchase of a home in Omaha. Employer will pay for two house-hunting trips in Omaha for
Employee and spouse. No tax gross-up or equalization allowances will be provided. Temporary housing in Omaha and related travel to and from Chicago will be provided and paid for by the
Employer while Employees attempts to sell home in Chicago. Payment by Employer for such expenses will cease at the earlier of (1) Employee moving into anew residence in Omaha;
(2) closing the sale of Employee's Chicago house; or (3) March 31, 2002. 

        13.    Benefits Unfunded.    All rights of Employee and his spouse or other beneficiary under
this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither
Employee nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer. 

        14.    Waiver.    No waiver by any party at any time of any breach by any other party of, or
compliance with, any condition or provision of this Agreement to be performed by any other party shall be deemed a waiver of any other provisions or conditions at the same time or at any prior or
subsequent time. 

        15.    Applicable Law.    This Agreement shall be construed and interpreted pursuant to the
laws of the State of Nebraska without giving effect to the conflict of laws provisions thereof. 

        16.    Entire Agreement.    This Agreement and the Severance Compensation Agreement contain
the entire agreement between Employer and Employee and supersede any and all previous agreements, written or oral, between the parties relating to the subject matter hereof and thereof including,
without 

6

 

limitation,
the 2001 Employment Agreement. In the event of a conflict between the provisions of this Agreement and the provisions contained in the Severance Compensation Agreement, the provisions of
the Severance Compensation Agreement shall govern. No amendment or modification of the terms of this Agreement shall be binding upon the parties hereto unless reduced to writing and signed by Employer
and Employee. 

        17.    Counterparts.    This Agreement may be executed in counterparts and by facsimile
signatures, each of which shall be deemed an original, and all of which taken together shall constitute one instrument. 

        18.    Severability.    In the event any provision of this Agreement is held illegal or
invalid, the remaining provisions of this Agreement shall not be affected thereby. 

        19.    Notice.    Notices under this Agreement shall be in writing and sent by registered
mail, return receipt requested, to the following addresses or to such other addresses as the party being notified may have previously furnished to the others by written notice. 

If
to Employer or its Board of Directors: 

	

 	
 	

Transaction Systems Architects, Inc.

Attn: Chairman of the Board of Directors

224 South 108th Avenue

Omaha, NE 68154
	with a copy to:	 	 
	 	 	Transaction Systems Architects, Inc.

Attn: General Counsel

224 South 108th Avenue

Omaha, Nebraska 68154
	If to Employee:	 	 
	 	 	Gregory D. Derkacht

2441 South 191st Circle

Omaha, NE 68130

Such notices shall be deemed received three business days after they are so sent. 

        IN WITNESS WHEREOF, the parties have executed this Agreement, on the day and year first above written. 

	

 	
 	
Transaction Systems Architects, Inc.

("Employer")
	

 	
 	

By:	
 	

/s/  DENNIS BYRNES      

	 	 	Its:	 	Senior Vice President

	

 	
 	
Gregory D. Derkacht

("Employee")
	

 	
 	

/s/  GREGORY D. DERKACHT      

	

Exhibit A—Intentionally Omitted

Exhibit B—Stock Option Agreement (January 2, 2002)

Exhibit C—Stock Option Agreement (February 19, 2002)

Exhibit D—Stock Option Agreement (February 19, 2002)

Exhibit E—Certain Definitions

Exhibit F—Severance Compensation Agreement (April 28, 2003)

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EXHIBIT E    
    
  
    DEFINITIONS    
    

I.    Change in Control

For
purposes of this Agreement, "Change in Control" shall mean: 

        (1)    approval
by the stockholders of the Employer of a reorganization, merger or consolidation, unless following such reorganization, merger or consolidation: (A) more
than 60% of, respectively, the then-outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation and the combined voting power of the
then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the
individuals and entities who were the beneficial owners, respectively, of the Outstanding Employer Common Stock and Outstanding Employer Voting Securities immediately prior to such reorganization,
merger, or consolidation in substantially the same proportions as their ownership, immediately prior to such reorganization, merger or consolidation, of the Outstanding Employer Common Stock and
Outstanding Employer Voting Securities, as the case may be (for purposes of determining whether such percentage test is satisfied, there shall be excluded from the number of shares and voting
securities of the resulting corporation owned by the Employer's stockholders, but not from the total number of outstanding shares and voting securities of the resulting corporation, any shares or
voting securities received by any such stockholder in respect of any consideration other than shares or voting securities of the Employer); (B) no Person
(excluding the Employer, any employee benefit plan (or related trust) of the Employer, any qualified employee benefit plan of such corporation resulting from such reorganization, merger or
consolidation and any Person beneficially owning, immediately prior to such reorganization, merger or consolidation, directly or indirectly, 20% or more of the Outstanding Employer Common Stock or
Outstanding Employer Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the
corporation resulting from such reorganization, merger or consolidation or the combined voting power of the then-outstanding voting securities of such corporation entitled to vote
generally in the election of directors; and (C) at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were
members of the Incumbent Board at the time of the execution of the initial agreement providing for such reorganization, merger or consolidation; 

        (2)    (A)
approval by the stockholders of the Employer of a complete liquidation or dissolution of the Employer; or (B) the first to occur of (i) the sale or
other disposition (in one transaction or a series of related transactions) of all or substantially all of the assets of the Employer or (ii) the approval by the stockholders of the Employer of
any such sale or disposition, other than, in each case, any such sale or disposition to a corporation, with respect to which immediately thereafter, (a) more than 60% of, respectively, the
then-outstanding shares of common stock of such corporation and the combined voting power of the then-outstanding voting securities of such corporation entitled to vote
generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of
the Outstanding Employer Common Stock and Outstanding Employer Voting Securities immediately prior to such sale or other disposition in substantially the same proportion as their ownership,
immediately prior to such sale or other disposition, of the Outstanding Employer Common Stock and Outstanding Employer Voting Securities, as the case may be (for purposes of determining whether such
percentage test is satisfied, there shall be excluded from the number of shares and voting securities of the transferee corporation owned by the Employer's stockholders, but not from the total number
of outstanding shares and voting securities of the transferee corporation, any shares or voting securities received by any such stockholder in respect of any consideration other than shares or voting
securities of the Employer); (b) no Person (excluding the Employer and any employee benefit plan (or related trust) of the Employer, any qualified employee benefit plan of such transferee
corporation and any 

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Person
beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 20% or more of the Outstanding Employer Common Stock or Outstanding Employer Voting Securities,
as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of such transferee corporation and the combined
voting power of the then-outstanding voting securities of such transferee corporation entitled to vote generally in the election of directors and (c) at least a majority of the
members of the board of directors of such transferee corporation were members of the Incumbent Board at the time of the execution of the initial agreement or action of the board providing for such
sale or other disposition of assets of the Employer; 

        (3)    if
individuals who, as of the date hereof, constitute the Board of Directors (the "Incumbent Board") cease for any reason to constitute at least a majority of the Board;
provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Employer's stockholders, was approved by a vote of at least
two-thirds of
the Directors then constituting the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose
initial assumption of office occurs as a result of either an actual or threatened election contest subject to Rule 14a-11 of Regulation 14A promulgated under the Exchange Act
or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or 

        (4)    approval
by the stockholders of the Employer of a reorganization, merger or consolidation, unless following such reorganization, merger or consolidation (A) more
than 60% of, respectively, the then-outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation and the combined voting power of the
then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the
individuals and entities who were the beneficial owners, respectively, of the Outstanding Employer Common Stock and Outstanding Employer Voting Securities immediately prior to such reorganization,
merger, or consolidation in substantially the same proportions as their ownership, immediately prior to such reorganization, merger or consolidation, of the Outstanding Employer Common Stock and
Outstanding Employer Voting Securities, as the case may be (for purposes of determining whether such percentage test is satisfied, there shall be excluded from the number of shares and voting
securities of the resulting corporation owned by the Employer's stockholders, but not from the total number of outstanding shares and voting securities of the resulting corporation, any shares or
voting securities received by any such stockholder in respect of any consideration other than shares or voting securities of the Employer); (B) no person (excluding the Employer, any employee
benefit plan (or related trust) of the Employer, any qualified employee benefit plan of such corporation resulting from such reorganization, merger or consolidation and any person beneficially owning,
immediately prior to such reorganization, merger or consolidation, directly or indirectly, 20% or more of the Outstanding Employer Common Stock or Outstanding Employer Voting Securities, as the case
may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such reorganization, merger
or consolidation or the combined voting power of the then-outstanding voting securities of such corporation entitled to vote generally in the election of directors; and (C) at least
a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were members of the Incumbent Board at the time of the execution of
the initial agreement providing for such reorganization, merger or consolidation. 

II.    Retirement

For
purposes of this Agreement only, "Retirement" shall mean termination by the Employer or the Employee of the Employee's employment based on the Employee's having reached age 65 or such other age as
shall have been fixed in any arrangement established pursuant to this Agreement with the Employee's consent with respect to the Employee. 

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III.    Cause

For
purposes of this Agreement only, "Cause" shall mean: (1) the Employee's conviction of a felony involving moral turpitude; or (2) the Employee's serious, willful gross misconduct or
willful gross neglect of duties (other than any such neglect resulting from the Employee's incapacity due to physical or mental illness or any such neglect after the issuance of a Notice of
Termination by the Employee for Good Reason, as such term is defined in herein which, in either case, has resulted, or in all probability is likely to result, in material economic damage to the
Employer; provided no act or failure to act by the Employee will constitute "Cause" under clause (2) if the Employee believed in good faith that such act or failure to act was in the best
interest of the Employer. 

        For
purposes of this Agreement only, any termination of the Employee's employment by the Employer for Cause shall be authorized by a vote of at least a majority of the
non-employee members of the Board of Directors of the Employer (the "Board") within 12 months of a majority of such non-employee members of the Board having actual
knowledge of the event or circumstances providing a basis for such termination. In the case of clause (2) of this Section III, the Employee shall be given notice by the Board specifying
in detail the particular act or failure to act on which the Board is relying in proposing to terminate him for Cause and offering the Employee an opportunity, on a date at least 14 days after
receipt of such notice, to have a hearing, with counsel, before a majority of the non-employee members of the Board, including each of the members of the Board who authorized the
termination for Cause. The Employee shall not be terminated for Cause if, within 30 days after the date of the Employee's hearing before the Board (or if the Employee waives a hearing, within
30 days after receiving notice of the proposed termination), he has corrected the particular act or failure to act specified in the notice and by so correcting such act or failure to act he has
reduced the economic damage his act or failure to act has allegedly caused the Employer to a level which is no longer material or has eliminated the probability that such act or failure to act is
likely to result in material economic damage to the Employer. No termination for Cause shall take effect until the expiration of the correction period described in the preceding sentence and the
determination by a majority of the non-employee members of the Board that the Employee has failed to correct the act or failure to act in accordance with the terms of the preceding
sentence. 

        Anything
herein to the contrary notwithstanding, if, following a termination of the Employee's employment by the Employer for Cause based upon the conviction of the Employee for a felony
involving moral turpitude such conviction is finally overturned on appeal, the Employee shall be entitled to the Change in Control Compensation. In such event Change in Control Compensation shall be
increased by a ten percent rate of interest, compounded annually, calculated from the date such compensation would have been paid if the Employee's employment had been terminated without Cause. 

        IV.    Good Reason

For
purposes of this Agreement, "Good Reason" shall mean, after any Change in Control and without the Employee's express written consent, any of the following: 

        (1)    a
significant diminution in the Employee's duties and responsibilities, or the assignment to the Employee by the Employer of duties inconsistent with the Employee's
position, duties, responsibilities or status with the Employer immediately prior to a Change in Control of the Employer, or a change in the Employee's titles or offices as in effect immediately prior
to a Change in Control of the Employer, or any removal of the Employee from or any failure to re-elect the Employee to any of such positions, except in connection with the termination of
his employment for Disability, Retirement or Cause or as a result of the Employee's death or by the Employee other than for Good Reason; 

        (2)    a
reduction by the Employer in the Employee's annual rate of base salary as in effect on the date hereof or as the same may be increased from time to time during the
term of this Agreement or the Employer's failure to increase (within 12 months of the Employee's last increase in his annual rate 

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of
base salary) the Employee's annual rate of base salary after a Change in Control of the Employer in an amount which at least equals, on a percentage basis, the greater of (A) the average
percentage increase in the annual rate of base salary for all officers of the Employer effected in the preceding 12 months; or (B) the Consumer Price Index as published by the United
States Government (or, in the event such index is discontinued, any similar index published by the United States Government as designated in good faith by the Employee); provided, however, that
nothing contained in this Paragraph 2 of Section III shall be construed under any circumstances as permitting the Employer to decrease the Employee's annual rate of base salary; 

        (3)    (A)
any failure by the Employer to continue in effect any benefit plan or arrangement (including, without limitation, the life insurance, medical, dental, accident and
disability plans) in which the Employee is participating at the time of a Change in Control of the Employer, or any other plan or arrangement providing the Employee with benefits that are no less
favorable (hereinafter referred to as "Benefit Plans"); or (B) the taking of any action by the Employer which would adversely affect the Employee's participation in or materially reduce the
Employee's benefits under any such Benefit Plan or deprive the Employee of any material fringe benefit or perquisite of office enjoyed by the Employee at the time of a Change in Control of the
Employer, unless in the case of either clause 3(A) or 3(B) above, there is substituted a comparable plan or program that is economically equivalent or superior, in terms of the benefit offered
to the Employee, to the Benefit Plan being altered, reduced, affected or ended; 

        (4)    (A)
any failure by the Employer to continue in effect any incentive plan or arrangement (including, without limitation, the Employer's bonus arrangements, the
Transaction Systems Architects, Inc. Deferred Compensation Plan, the Transaction Systems Architects, Inc. 401(k) Plan, the sales incentive plans, and the management incentive plans) in
which the Employee is participating at the time of a Change in Control of the Employer, or any other plans or arrangements providing him with substantially similar benefits, (hereinafter referred to
as "Incentive Plans"); (B) the taking of any action by the Employer which would adversely affect the Employee's participation in any such Incentive Plan or reduce the Employee's benefits under
any such Incentive Plan, unless in the case of either clause 4(A) or 4(B) above, there is substituted a comparable plan or program that is economically equivalent or superior, in terms of the
benefit offered to the Employee, to the Incentive Plan being altered, reduced, affected or ended; or (C) any failure by the Employer with respect to any fiscal year to make an award to the
Employee pursuant to each such Incentive Plan or such substituted comparable
plan or program equal to or greater than the greater of (i) the award (whether paid or payable in cash or in securities of the Employer) made to the Employee pursuant to such Incentive Plan or
such substituted comparable plan or program with respect to the immediately preceding fiscal year or (ii) the average annual award (whether paid or payable in cash or in securities of the
Employer) made to the Employee pursuant to such Incentive Plan or such substituted comparable plan with respect to the prior three fiscal years (or such lesser number of prior fiscal years that the
Employee was employed by the Employer or that the Incentive Plan (together with any substituted comparable plan) was maintained); 

        (5)    (A)
any failure by the Employer to continue in effect any plan or arrangement to receive securities of the Employer (including, without limitation, the Transaction
Systems Architects, Inc. 1999 Employee Stock Purchase Plan and the Transaction Systems Architects Inc. 1999 Stock Option Plan) in which the Employee is participating at the time of a
Change in Control of the Employer, or any other plan or arrangement providing him with substantially similar benefits (hereinafter referred to as "Securities Plans"); (B) the taking of any
action by the Employer which would adversely affect the Employee's participation in or materially reduce the Employee's benefits under any such Securities Plan, unless in the case of either
clause 5(A) or 5(B) above, there is substituted a comparable plan or program that is economically equivalent or superior, in terms of the benefit offered to the Employee, to the Securities Plan
being altered, reduced, affected or ended, or (C) any failure by the Employer in any fiscal year to grant stock options, stock appreciation rights or securities awards to the Employee 

11

 

pursuant
to such Securities Plans with respect to an aggregate number of securities of the Employer of each kind that is equal to or greater than the greater of (i) the aggregate number of
securities of the Employer of that kind covered by stock options, stock appreciation rights or securities awards granted to the Employee pursuant to such Securities Plans in the immediately preceding
fiscal year or (ii) the average annual aggregate number of securities of the Employer of that kind covered by stock options, stock appreciation rights, or securities awards granted to the
Employee pursuant to such Securities Plans in the prior three fiscal years; and provided further the material terms and conditions of such stock options, stock appreciation rights, and securities
awards granted to the Employee after the Change in Control (including, but not limited to, the exercise price, vesting schedule, period and methods of exercise, expiration date, forfeiture provisions
and other restrictions) are substantially similar to the material terms and conditions of the stock options, stock appreciation rights, and securities awards granted to the Employee under the
Securities Plans immediately prior to the Change in Control of the Employer; 

        (6)    the
Employee's relocation more than 50 miles from the location at which the Employee performed the Employee's duties prior to a Change in Control of the Employer, except
for required travel by the Employee on the Employer's business to an extent substantially consistent with the Employee's business travel obligations at the time of a Change in Control of the Employer; 

        (7)    any
failure by the Employer to provide the Employee with the number of annual paid vacation days to which the Employee is entitled for the year in which a Change in
Control of the Employer occurs; 

        (8)    any
material breach by the Employer of any provision of this Agreement; 

        (9)    any
failure by the Employer to obtain the assumption of this Agreement by any successor or assign of the Employer prior to such succession or assignment; 

        (10)    any
failure by the Employer or its successor to enter into an agreement with the Employee that is substantially similar to this Agreement with respect to a Change in
Control of the Employer or its successor occurring thereafter; or 

        (11)    any
purported termination of the Employee's employment by the Employer pursuant to incapacity due to physical or mental illness, Retirement or for Cause which is not
effected pursuant to a Notice of Termination satisfying the requirements as defined and for purposes of this Agreement, no such purported termination shall be effective. 

For
purposes of this definition ("Good Reason"), an isolated, immaterial, and inadvertent action not taken in bad faith by the Employer in violation of Paragraph 2, 3, 4, 5, or 7 of this
subsection that is remedied by the Employer promptly after receipt of notice thereof given by the Employee shall not be considered Good Reason for the Employee's termination of employment with the
Employer. In the event the Employee terminates his employment for Good Reason hereunder, then notwithstanding that the Employee may also retire for purposes of the Benefit Plans, Incentive Plans or
Securities Plans, the Employee shall be deemed to have terminated his employment for Good Reason for purposes of this Agreement. 

V.    Notice of Termination

Any
termination of the Employee by the Employer for Good Reason or by the Employee for Good Reason shall be communicated by a Notice of Termination to the other party hereof. For purposes of this
Agreement, a "Notice of Termination" shall mean a written notice which shall indicate those specific termination provisions in this Agreement relied upon and which sets forth in reasonable detail the
facts and circumstances claimed to provide a basis for termination of the Employee's employment under the provision so indicated. For purposes of this Agreement, no such purported termination by the
Employer shall be effective without such Notice of Termination. 

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