Document:

<PAGE>

                                                                   EXHIBIT 10.13

                           NATIONAL PROCESSING COMPANY

                     SHORT-TERM INCENTIVE COMPENSATION PLAN

                               FOR SENIOR OFFICERS

                            as Amended and Restated

                           Effective November 6, 2003

                       ARTICLE 1. THE PLAN AND ITS PURPOSE

         1.1      Amendment and Restatement of the Predecessor Plan. This
National Processing, Inc. Short-Term Incentive Compensation Plan for Senior
Officers, as Amended and Restated effective November 6, 2003 (the "Plan") is an
amendment, restatement and continuation of the National City Processing Company
Short-Term Incentive Compensation Plan for Senior Officers in effect on February
9, 2003 (hereinafter referred to as the "Predecessor Plan").

         1.2      Effectiveness. This Plan is effective on and after November 6,
2003, to provide for the operation of the Plan on and after such date.

         1.3      Purpose. The purpose of the Plan is to maximize the
Corporation's profitability and operating success by providing an incentive to
Senior Officers to achieve superior results. The Plan is designed to promote
teamwork to achieve overall corporate success and to motivate individual
excellence.

         1.4      Operation of the Plan. The Plan shall be administered by the
Committee. The Plan operates on a calendar year basis and is subject to the
review, interpretation, and alteration by the Committee. The Plan is intended to
serve only as a guide to the Corporation in determining eligibility for and
amounts of incentive compensation to be awarded under the Plan. With respect to
any award made under the Plan, however, the Plan shall serve as a non-qualified
plan providing for and governing the treatment of deferred compensation at the
election of the Participant and/or the Committee, or as required by the Plan, as
provided herein.

<PAGE>

                             ARTICLE 2. DEFINITIONS

         2.1      Definitions. Whenever used herein, the following terms shall
have the meanings set forth below, unless otherwise expressly provided. When the
defined meaning is intended, the term is capitalized.

                  (a)      "Account" means the account described in Section 9.3.

                  (b)      "Award" shall mean the payment earned by a
Participant based on an evaluation of the individual's achievements, the
business units' financial performance and the Corporation's performance. As
such, the amount of any Award under this Plan is determined by decision of and
in the discretion of the Corporation acting through the Committee as hereinafter
provided.

                  (c)      "Base Salary" shall mean the annual salary as of the
close of the Plan Cycle, exclusive of any bonuses, incentive pay, special
awards, or stock options.

                  (d)      "Board" shall mean the Board of Directors of the
Corporation.

                  (e)      "Change in Control" see Section 11.3

                  (f)      "Committee" shall be composed of the Chief Executive
Officer of the Corporation, the individual at National City Corporation who has
primary responsibility of monitoring the activities of the Corporation and the
officer in charge of Corporate Human Resources at National City Corporation.

                  (g)      "Corporate Award" shall mean the payment earned by a
Participant based on the Corporation's results as set forth in Section 4.2.

                  (h)      "Corporation" shall mean National Processing, Inc.

                  (i)      "Covered Executive" means any individual who is, or
is determined by the Committee to be likely to become a "covered employee"
within the meaning of Section 162(m) of the Internal Revenue Code.

                  (j)      "Crediting Date" means the last business day of each
calendar month or such other date or dates as determined by the Committee so
long as there is no less than one Crediting Date each calendar year.

                                      -2-

<PAGE>

                  (k)      "Disability" shall mean the inability, by reason of a
medically determinable physical or mental impairment, to engage in substantial
and gainful activity for a continuous period of 26 weeks or more as determined
by the Committee.

                  (l)      "Early Retirement" shall mean retirement at or after
age 55 with at least ten years of service with the Employer and/or National City
Corporation prior to Normal Retirement.

                  (m)      "Effective Date" see Section 11.4.

                  (n)      "Eligible Employee" shall mean an Employee who is
employed in a position meeting the defined eligibility criteria for
participation in the Plan, as set forth in Article 3.

                  (o)      "Employee" shall mean an individual employed by an
Employer on a regular active and full-time salaried basis.

                  (p)      "Employer" shall mean the Corporation or any
corporation, organization or entity controlled by the Corporation.

                  (q)      "Enrollment Period" means the period in each calendar
year designated by the Plan Administrator during which Eligible Employees make
elections to defer Compensation earned during the following Plan Year.

                  (r)      "Evaluation Date" means the last day of the Plan
Year.

                  (s)      "Implementation Date" see Section 11.5.

                  (t)      "Internal Revenue Code" means the Internal Revenue
Code of 1986, as amended from time to time.

                  (u)      "Investment Option" means any arrangement deemed
suitable by the Plan Administrator from time to time for the purpose of
providing an investment credit on amounts deferred.

                  (v)      "Normal Retirement" shall mean leaving the employ of
the Employer and National City Corporation at or after the age 62 with at least
twenty years of continuous service with the Employer and/or National City
Corporation or at or after the age 65 with at least five years of continuous
service with the Employer and/or National City Corporation.

                                      -3-

<PAGE>

                  (w)      "Participant" shall mean an Eligible Employee who is
approved by the Committee for participation in the Plan. Such approval shall be
on a Plan Cycle basis and shall be reviewed with respect to each new Plan Cycle.

                  (x)      "Payment Date" means any day within thirty (30) days
following an Evaluation Date a Participant receives a distribution.

                  (y)      "Plan" see Section 1.1.

                  (z)      "Plan Administrator" shall mean the Plan
Administrator of the National City Corporation Deferred Compensation Plan or
such other person or group as established or designated by the Committee from
time to time.

                  (aa)     "Plan Cycle" shall mean a period of a calendar year.

                  (bb)     "Plan Cycle Funding" see Section 4.1.

                  (cc)     "Plan Year" shall mean the calendar year. The first
Plan Year shall be 2003.

                  (dd)      "Predecessor Plan" see Section 1.1

                  (ee)     "Successor" see Section 11.3(a).

                  (ff)     "Termination Date" means the later of (i) the
individual's last day worked or (ii) the last day an individual receives a
Salary payment either for services rendered or as salary continuation.

                  (gg)     "Vesting Event" shall mean the earliest to occur of
the following dates:

                                    (1)      the end of each Plan Cycle

                                    (2)      the Effective Date of a Change in
                                             Control,

                                    (3)      the date a Participant is eligible
                                             to retire on a Normal Retirement

                                    (4)      the date a Participant has a
                                             Disability, or

                                    (5)      the date of a Participant's death,

                  Each Participant and beneficiary with respect to whom a
Vesting Event has occurred shall be 100% vested in his or her benefits or Awards
earned or accrued hereunder as of the date of said Vesting Event, subject to the
forfeiture provisions of Article 10.

                  (hh)     "Voting Stock" means the then outstanding securities
entitled to vote generally in the election of directors of the Corporation.

                                      -4-

<PAGE>

         2.2      Gender and Number. Except when otherwise indicated by the
context, any masculine terminology used herein also shall include the feminine,
and the definition of any term in the singular shall include the plural.

                    ARTICLE 3. ELIGIBILITY AND PARTICIPATION

         3.1      Eligibility. Eligibility for participation in the Plan will be
limited to those officers of the Corporation and its subsidiaries who, by the
nature and scope of their position, play a key role in the management, growth
and success of the Corporation, as determined by the Committee.

         3.2      Participation. Participation in the Plan (including a
Participant's Category) shall be determined by the Committee with respect to
each Plan Cycle prior to the commencement of the Plan Cycle, except as otherwise
provided herein. The Committee may base its approval upon the recommendation of
the Chief Executive Officer of the Corporation. The Committee may classify
Senior Officers for the purposes of the Plan into the following categories:

<TABLE>
<CAPTION>
Category                                               Persons Included
--------                                               ----------------
<S>                        <C>
Category I                 President of the Corporation

Category II                Executive vice presidents of the Corporation, and similar officers

Category III               Senior vice presidents of the Corporation and similar officers

Category IV                Vice presidents of the Corporation and executive officers of major subsidiaries, and similar
                           officers
</TABLE>

                  Each Eligible Employee approved for participation shall be
notified of the selection as soon after approval as is practicable and shall
become a Participant upon acceptance by him or her of such selection.

         3.3      Participation for part of a Plan Cycle. In the event an
Employee is an Eligible Employee for only a portion of a Plan Cycle
(Participation Portion) such Eligible Employee may, in the Committee's
discretion, be a Participant for such portion of the Plan Cycle but his or her
Award will be based upon his or her Base Salary at the end of such Participation
Portion and

                                      -5-

<PAGE>

such Award will normally be prorated to reflect the number of months in the
Participation Portion of the Plan Cycle compared to the number of months in the
total Plan Cycle.

         3.4      Category Changes During a Plan Cycle. In the event a
Participant is promoted or demoted from one Category to another during a Plan
Cycle, the Committee may, in its discretion, (a) continue such Participant in
the Category he or she was in prior to such promotion or demotion, (b) provide
for participation from and after the promotion or demotion to the new Category,
or (c) provide for a combination of (a) and (b).

                  In the event of a Plan Cycle for which the Participant's
participation is thus split between two Categories, the Award for such Plan
Cycle will normally be prorated to reflect the portions of the Plan Cycle spent
in each Category and each part of the Award will be based upon the Participant's
Base Salary at the end of the appropriate portions of the Plan Cycle.

         3.5      Portions of Plan Cycles-Setting of Individual Objectives.
Notwithstanding Sections 3.3 and 3.4, except with respect to Category I
employees, no portion of a Plan Cycle with respect to a Participant shall be
considered to be a separate portion of participation for a Participant unless,
prior thereto, individual achievement objectives are set for such Participant
for such portion of a Plan Cycle pursuant to Article 4, or are waived by the
Committee, in its discretion.

         3.6      No Right to Participate. No Participant or Employee shall have
a right at any time to be selected for current or future participation in the
Plan.

                       ARTICLE 4. PERFORMANCE MEASUREMENT

         4.1      Annual Plan Funding. Prior to the beginning of each Plan
Cycle, the Committee shall establish the key financial goals and the levels of
comparative performance at which the Threshold, Target and Maximum funding for
the payment of Awards. If the Corporation's performance meets or exceeds the
established financial goals, the Plan will be funded at the appropriate level
("Plan Cycle Funding"). If the Corporation's performance is greater than
Threshold but less than Maximum, the Plan Cycle Funding shall be pro-rated. In
determining the Corporation's

                                      -6-

<PAGE>

performance, the Committee may make adjustments as it deems appropriate for
acquisitions, divestitures and other one-time events.

         4.2      Participant Awards , for purposes of this Plan, will be
measured in three ways: Corporate Award, the participant's individual
contribution and the business unit financial results. The total of all Awards
for any given Plan Cycle shall not exceed the Plan Cycle Funding.

         (a)      Corporate Awards will be measured by comparing Corporate
performance with respect to the pre-established goals set by the committee in
Section 4.1.

                  (b)      Individual contribution and business unit financial
results will be measured by comparing actual individual achievements during the
Plan Cycle to established objectives for the Plan Cycle. Prior to the beginning
of the Plan Cycle each Participant shall establish objectives for the Plan
Cycle. Such objectives shall be broad in nature and may be quantitative or
qualitative. The objectives for Senior Officers other than those in Category I
shall be subject to the review, revision and approval of their superiors up to
and including the Chief Executive Officer of National City Corporation.

                  (c)      The weight given to Corporate Awards versus
individual contribution results may vary based on the corporate position of the
Participant as determined by the Committee.

         4.3      Award Potential. The amount of incentive compensation that may
be awarded to a Senior Officer under this Plan shall be expressed as a
percentage of Base Salary. Such percentage shall normally fall within the range
set forth in the following table:

<TABLE>
<CAPTION>
                    Percent of Base Compensation
                    -----------------------------
Category          Threshold        Target       Maximum
--------          ---------        ------       -------
<S>               <C>              <C>          <C>
    I               22.5%            45%          120%
   II               17.5%            35%           90%
  III               12.5%            25%           60%
   IV                7.5%            15%           30%
</TABLE>

                                      -7-

<PAGE>

         4.3      Award Calculation and Approval. A composite evaluation for
each Participant for each Plan Cycle will be determined as of the December 31 on
which the Plan Cycle ends by applying the foregoing provisions of this Article 4
to the individual contribution, business unit financial results and Corporate
Awards for such Plan Cycle. Based on the composite evaluation, the Chief
Executive Officer of the Corporation shall recommend to the Committee for
approval an appropriate incentive compensation Award for each of the Senior
Officers in Categories II, III and IV. The Committee shall determine an
appropriate incentive compensation Award for the Chief Executive Officer of the
Corporation.

                  All such Awards may, for convenience purposes, be normally
expressed as a percentage of Base Salary. Upon the approval of the Committee the
amounts of Awards hereunder for a Plan Cycle shall be final.

                          ARTICLE 5. PAYMENT OF AWARDS

         5.1      Form and Timing of Payment of Awards. Within 90 days after the
end of the Plan Cycle, the Participant shall be entitled to receive a cash
payment equal to the entire amount of the Participant's Award, unless
Participant has elected to defer the Award under Article 9 herein. Except as
otherwise provided for in Section 5.2, to receive an Award a Participant must be
an Employee on the date on which the Plan Cycle ends. The Committee may
terminate a Participant's Award prior to any Vesting Event if such Participant
fails to continue to be an Employee.

         5.2      Termination of Employment Due to Retirement, Disability or
Death. In the event a Participant's employment is terminated during a Plan Cycle
by reason of Normal Retirement, Disability or Death, the Participant shall be
eligible to receive a pro-rated Award based on individual contribution during
the Participant's participation in the Plan Cycle, provided however, that the
Participant must have been a Participant in the Plan for at least three months
of the Plan Cycle to be eligible to receive any Award hereunder. Such Awards
will be paid within

                                      -8-

<PAGE>

ninety (90) days following the end of the Plan Cycle. In the event of death, the
Award will be paid to the Participant's estate.

         5.3      Termination of Employment Due to Early Retirement. The
Committee may elect, in its discretion, to pay a pro-rated Award to a
Participant who terminates employment by means of an Early Retirement; in the
absence of such favorable discretionary action by the Committee, no such
pro-rated Award shall be paid.

         5.4      Other Terminations of Employment. In the event a Participant's
employment is terminated during a Plan Cycle prior to a Vesting Event, the
Participant's participation in such Plan Cycle shall end and the Participant
shall not be entitled to any Award for such Plan Cycle.

                        ARTICLE 6. RIGHTS OF PARTICIPANTS

         6.1      Employment. Nothing in this Plan shall interfere with or limit
in any way the right of the Corporation to terminate a Participant's employment
at any time, nor confer upon any Participant any right to continue in the employ
of the Employer.

         6.2      Restrictions on Assignments. The interest of a Participant or
his or her beneficiary under this Plan may not be sold, transferred, assigned,
or encumbered in any manner, either voluntarily or involuntarily, and any
attempt to so anticipate, alienate, sell, transfer, assign, pledge, encumber, or
charge the same shall be null and void; neither shall the benefits hereunder be
liable for or subject to the debts, contracts, liabilities, engagements, or
torts of any person to whom such benefits or funds are payable, nor shall they
be subject to garnishment, attachment, or other legal or equitable process, nor
shall they be an asset in bankruptcy.

                            ARTICLE 7. ADMINISTRATION

         7.1      Administration. The Plan shall be administered by the
Committee in accordance with any administrative guidelines and any rules that
may be established from time to time by the Committee. The procedures, standards
and provisions of this Plan for determining eligibility for and amounts of
Awards are intended only as a guide and in themselves confer no rights, duties
or

                                      -9-

<PAGE>

privileges upon Participants nor place any obligation upon the Committee or the
Corporation. Accordingly, the Committee may, in making its determinations
hereunder, deviate from such procedures and standards in whatever manner that
it, in its judgment, deems appropriate.

                  The Committee shall have full power and authority to
interpret, construe and administer the Plan and its interpretations and
construction hereof, and actions hereunder, including the timing, form, amount
or recipient of any payment to be made hereunder, and its decisions shall be
binding and conclusive on all persons for all purposes.

                  The Committee may name assistants who may be, but need not be,
members of the Committee. Such assistants shall serve at the pleasure of the
Committee, and shall perform such functions as may be assigned by the Committee.

                  No member of the Board, the Committee or any assistant shall
be liable to any person for any action taken or omitted in connection with the
interpretation and administration of this Plan unless attributable to his or her
own willful misconduct or lack of good faith.

                         ARTICLE 8. REQUIREMENTS OF LAW

         8.1      Laws Governing. This Plan shall be construed in accordance
with and governed by the laws of the State of Ohio.

         8.2      Withholding Taxes. The Corporation shall have the right to
deduct from all payments under this Plan any federal, state or local taxes
required by the law to be withheld with respect to such payments.

         8.3      Plan Binding on Corporation, Employees and Their Successors.
This Plan shall be binding upon and inure to the benefit of the Corporation, its
successors and assigns and each Participant and his or her beneficiaries, heirs,
executors, administrators and legal representatives.

                          ARTICLE 9. DEFERRAL OF AWARDS

         9.1      Election to Request Deferral of Award; Deferral Percentage.
The Committee shall determine which Participants or group of Participants of, if
any, shall be eligible to make

                                      -10-

<PAGE>

deferral elections under this Plan. Each Participant who is therefore eligible
to elect to request deferral of a portion or all of his or her Award for a Plan
Cycle, shall be given the opportunity prior to the last Plan Year in the Plan
Cycle, to make such request. Such election and the percentage of Award requested
to be deferred shall be irrevocable and fixed with respect to such Participant
and such Plan Cycle from and after the December 31 of the year prior to the last
year of the Plan Cycle.

                  The request and determination of the portion of the Award to
be deferred shall be made in terms of 1% increments of the Award.

                  Participants becoming Participants during a Plan Cycle shall,
if determined to be eligible to do so, make any such deferral request to defer
prior to the commencement of their participation and the same shall become
irrevocable and fixed as of the day prior to the commencement of their
participation.

                  Promotion or demotion during a Plan Cycle shall not affect the
fixed and irrevocable nature of a deferral request made prior to such Plan Cycle
for such Plan Cycle.

         9.2      Deferral of Awards; Committee's Decision. Notwithstanding any
request to defer none, a portion, or all of an Award hereunder submitted by a
Participant pursuant to Section 9.1 above, and not withstanding the Committee's
prior determination as to the eligibility of any Participant or group of
Participants to defer a portion or all of any Award hereunder, the Committee
shall make the decision, in the case of each Participant, whether or not to
defer any portion or all of any Participant's Award with respect to any Plan
Cycle. Such decision shall be made in the discretion of the Committee, which
extends to the percentage of any Award to be deferred.

                  The Committee's decision shall be final and binding on all
parties. Any amount to be deferred shall not be paid to the Participant but
shall be deferred as provided in this Article 9.

         9.3      Accounts. An unfunded bookkeeping account shall be established
and maintained by the Corporation in the name of each Participant who has
deferred compensation hereunder. The Account shall be credited with all amounts
deferred under the Plan net of applicable taxes.

                                      -11-

<PAGE>

The amounts credited to each Account, as reduced for amounts distributed under
Article 9, shall be adjusted each Crediting Date to reflect gain or loss from
Investment Option(s) selected by the Participant. Such Accounts shall remain a
part of the general liabilities of the Corporation and nothing in this Plan
shall be deemed to create a trust or fund of any kind or any fiduciary
relationship. Each Account may be comprised of sub-accounts to reflect
Investment Option(s) selected by the Participant.

         9.4      Crediting to Accounts. As of the dates of payment of cash
Awards made under this Plan the amount of the Award to be deferred for each
Participant under this Article 9 shall be credited to such Participant's
Account, and shall correspondingly be credited to the Investment Option or
Options selected by the Participant.

         9.5      Selection of Investment Options. Each Participant (and each
Beneficiary of a deceased Participant) may select the Investment Option(s) he or
she wishes to be used hereunder for his or her Account. The selection of
Investment Options shall be made in portions of the amount deferred equal to 5%
of the total of such amounts. In the event no election is made by a Participant
(or Beneficiary) his or her Account shall be deemed invested in and credited to
the Investment Option designated by the Plan Administrator for such purpose.

         Selection of Investment Options by Participants shall be made no later
than the Enrollment Period of the Plan Cycle for which the Award is to be made
in advance of the deferral or payment of the Award; provided however, that in
the event a Participant who has not requested a deferral of any part of his or
her Award nevertheless has a portion thereof deferred by decision of the
Committee, or otherwise, then in such event, such Participant shall immediately
be given an election period of 10 days to determine appropriate Investment
Options, such period running from the date of his or her notification of his or
her right to make such selection.

         9.6      Allocation of New Deferrals Among Investment Options and
Transfers Among Investment Options.

                                      -12-

<PAGE>

    (a)  During the Enrollment Period, the Participant shall elect how deferrals
         during the applicable Plan Year are to be allocated among the available
         Investment Options using forms and procedures established by the Plan
         Administrator for such purpose.

    (b)  Each Participant may reallocate his or her accumulated Deferred
         Compensation Account or deferrals among the Investment Options only
         during times approved by the Plan Administrator and using forms and
         procedures established from time to time by the Plan Administrator for
         such purpose. Any changes a Participant makes shall become effective on
         the next Crediting Date following the Plan Administrator's acceptance
         of the Participant's reallocation election.

         9.7      Payments Deducted on a Pro-Rata Basis from each Investment
Option. Lump sums, installments, or any other distributions from the Deferred
Compensation Account shall be deducted from the balance in each Investment
Option on a pro rata basis in proportion to the balance in each option using
procedures established by the Plan Administrator for such purpose.

         9.8      Change in Investment Option. The Plan Administrator may change
the Investment Options available from time to time under the Plan. However, no
such change shall reduce a Participant's Deferred Compensation Account. If,
following a change in the Investment Options, the Participant fails to
reallocate his or her Account among the available Investment Options the Plan
Administrator has the discretion to select an Investment Option for the
Participant.

         9.9      Vesting of Deferred Amounts. Amounts of Awards made and
deferred under the Plan, and earnings and gains thereon, are always 100% vested.

         9.10     Manner of Distribution. A Participant's Deferred Compensation
Account shall be distributed according to the procedures set forth below.

(a)   Distributions while employed. A Participant may elect to receive a
      distribution from their Account during their period of employment. Such
      election may either be for a Scheduled Distribution, or an Unscheduled
      Distribution, each as defined below.

                                      -13-

<PAGE>

         (i)      Scheduled Distribution. During the Enrollment Period when a
                  Participant makes their deferral election, the Participant may
                  specify a future Payment Date when the amount deferred or
                  portion thereof will be distributed. To be valid, such future
                  Payment Date must not be within 3 years of the Plan
                  anniversary to which such election first applied, and such
                  future Payment Date must precede the Participant's Termination
                  Date. The amount distributed shall be allocated against the
                  Investment Options as provided under Section 9.7. The Plan
                  Administrator may disregard any invalid Scheduled Distribution
                  election.

         (ii)     Unscheduled Distribution. During the Enrollment Period, a
                  Participant may submit a written request to the Plan
                  Administrator for an unscheduled distribution from their
                  Account. If the Plan Administrator approves such request, the
                  amount shall be payable upon the Payment Date following such
                  approval. The amount distributed shall be subject to a 10%
                  penalty, with the Participant's Account being debited an
                  amount equal to 10% of the Unscheduled Distribution amount.
                  The withdrawn amounts and the Unscheduled Distribution penalty
                  shall be allocated against the Investment Options as provided
                  under Section 9.7. Any Participant electing an Unscheduled
                  Distribution during an Enrollment Period shall be considered
                  ineligible to defer any Compensation under the Plan for the
                  remainder of the Plan Year in which the Unscheduled
                  Distribution occurs and for the next following Plan Year.

         (iii)    Notwithstanding the foregoing, no Covered Executive shall be
                  eligible to make an election for either a Scheduled
                  Distribution or Unscheduled Distribution, and the Plan
                  Administrator is hereby empowered to disregard a Scheduled
                  Distribution election made by a Participant at a time prior
                  their first becoming a Covered Executive.

(b)   Distributions following employment. A Participant may receive either a
      Termination Distribution or a Retiree Distribution following their period
      of employment, each as defined below.

                                      -14-

<PAGE>

         (i)      Termination Distribution. A Participant who is not a
                  Retirement Eligible Employee shall have their Account balance
                  valued as of the Evaluation Date first following their
                  Termination Date. Such balance shall be distributed in a lump
                  sum on the Payment Date first following such Evaluation Date.

         (ii)     Retiree Distribution. A Participant who is a Retirement
                  Eligible Employee shall have their Account paid according to
                  the following procedures:

                  1)    Notwithstanding sections 2) and 3) below, if the
                        Participant's Account, determined as of the first
                        Evaluation Date following their Termination Date, is
                        equal to or less than an amount established by the Plan
                        Administrator from time to time (the "Minimum
                        Installment Amount") such amount shall be distributed
                        according to section (i) above.

                  2)    If the Participant has made an election as described in
                        Section 9.11 that has been in effect for at least twelve
                        months prior to the Termination Date, the Participant's
                        Account shall be paid in accordance with such payment
                        election.

                  3)    If the Participant does not have a payment election that
                        has been in effect for at least twelve months prior to
                        the Termination Date, the Participant's Account shall be
                        paid in annual installments over a period of 10 years,
                        as provided in the Section 9.11(ii).

         9.11     Form of Payment Election. Each Participant may submit a
payment election form specifying how the Participant's accumulated Deferred
Compensation Account shall be paid. The following distribution options shall be
available:

(a)   Distributions following employment. A Participant who is a Retirement
      Eligible Employee, having an accumulated Account of at least the Minimum
      Installment Amount, as provided in Section 9.10(b)(ii) above, may elect
      their Account to be distributed in either of the following forms:

         (i)      Lump Sum Distribution. The amount payable shall equal the
                  Account balance determined as of the Evaluation Date. Pursuant
                  to the Participant's election, the

                                      -15-

<PAGE>

                  Evaluation Date may be any Evaluation Date following the
                  Termination Date. If the Participant fails to elect a date,
                  the Evaluation Date will be the last day of the Plan Year in
                  which the Termination Date occurs. The amount so determined
                  shall be paid on the Payment Date next following such
                  Evaluation Date.

         (ii)     Annual Installments. The amount of the first distribution
                  shall be based on the Account balance as determined on the
                  last Evaluation Date in the Plan Year in which the
                  Participant's Termination Date occurs. Such amount shall be
                  divided by the number of payments elected (being either 5 or
                  10, or other period as determined by the Plan Administrator)
                  to determine the distribution. The distribution shall be made
                  on the Payment Date next following such Evaluation Date.
                  Subsequent distributions shall be determined annually
                  thereafter using the procedure established herein, with the
                  exception that the divisor shall be the number of payments
                  remaining.

         (iii)    Participants not making a valid election shall have their
                  Account distributed over a period of ten years as provided in
                  Section 9.11(a)(ii) above.

         9.12     Plan Administrator's Discretion. The Plan Administrator shall
have the discretion to distribute the Account of any Participant who is not a
Covered Executive in a single distribution following their Termination Date.
Such distribution shall be based on the balance of the Participant's Account as
of the Evaluation Date immediately following their Termination Date. Such amount
shall be paid on the Payment Date next following such Evaluation Date.

                                      -16-

<PAGE>

         9.13     Payments Upon Death of Participant.

(a)      A Participant may designate any person or persons (not exceeding 5),
      including a trust, as his or her beneficiary to receive his or her
      Deferred Compensation Account in the event of the Participant's death. Any
      such designation shall be made by filing the form designated for that
      purpose by the Plan Administrator. The Participant may change or cancel
      his or her beneficiary designation at any time prior to death without the
      consent of any designated beneficiary. If no beneficiary has been
      designated by the Participant, or if no beneficiary is alive at the date
      of the Participant's death, payment shall be made to the Participant's
      estate.

(b)      If the Participant's death occurs during Employment, the Participant's
      Account shall be distributed in a lump sum as provided in 9.11(a)(i) to
      each of the Participant's surviving beneficiaries in the portions
      designated by the Participant in 9.13(a).

(c)      If the Participant's death occurs after installment payments have
      commenced, the Participant's Account shall be distributed in a lump sum on
      the next scheduled Payment Date to each of the Participant's surviving
      beneficiaries in the portions designated by the Participant in 9.13(a).

         9.14     Withholding Taxes. The Corporation shall have the right to
deduct from distributions under the Plan any and all taxes required to be
collected under federal, state or local laws, using procedures established by
the Plan Administrator for such purpose.

         9.15     Beneficiary Designations. Each Participant, and each
Beneficiary of a deceased Participant or Beneficiary hereunder, may designate,
on a Beneficiary Designation form supplied by the Plan Administrator, any person
or persons to whom payments are to be made if the Participant (or Beneficiary)
dies before receiving payment of all amounts due hereunder. A beneficiary
designation will be effective only after the signed Beneficiary Designation form
is filed with the Plan Administrator for such purpose while the Participant (or
Beneficiary) is alive, and will cancel all beneficiary designations signed and
filed earlier. If the Participant (or Beneficiary) fails to designate a
beneficiary as provided above, or if all designated beneficiaries die before the
Participant or before complete payment of all amounts due hereunder, remaining

                                      -17-

<PAGE>

unpaid distribution amounts shall be paid to the then surviving spouse of the
Participant, if any, or, if there be none, in one lump sum to the estate of the
last to die of the Participant or his or her designated beneficiaries, if any.

                  In the event a Participant (or a Beneficiary of a deceased
Participant) designates as a Beneficiary any so called "marital deduction trust"
or any so called "qualified income trust", the Participant (or Beneficiary) may
additionally indicate whether the dollar equivalent of the current income,
during the distribution of an interest hereunder, should be distributed yearly
to such Beneficiary. In the event of such an indication, such income shall be
distributed at least annually.

         9.16     Participants Rights; Beneficiaries Rights. Except as otherwise
specifically provided, neither a Participant nor any of his or her Beneficiaries
has rights under this Plan. The payment of deferred compensation shall be a
general, unsecured obligation of the Corporation to be paid by the Corporation
from its own funds, and such payments shall not impose any obligation upon any
trust fund for any tax qualified plan, or be paid from any such trust fund. No
Participant or beneficiary shall have any title to or beneficial ownership in
any assets which the Corporation may earmark to pay benefits hereunder.

         9.17     Nature of deferred compensation. The election of deferred
compensation under this Plan and any setting aside by the Corporation of amounts
with which to discharge its deferred obligations hereunder in a trust fund, an
insurance policy, or otherwise, shall not be deemed to create a right in any
person; equitable title to any funds so set aside in a trust, an insurance
policy, or otherwise shall remain in the Corporation, and any recipient of
benefits hereunder shall have no security or other interest in such trust,
policies or funds. Any and all funds so set aside in a trust, an insurance
policy or otherwise shall remain subject to the claims of the general creditors
of the Corporation, present and future. This provision shall not require the
Corporation to set aside any funds, but the Corporation may set aside such funds
if it chooses to do so. Any amount so set aside for this Plan shall be accounted
for separately and apart from any other plan of the Corporation. This Plan is
intended to constitute an unfunded plan of deferred

                                      -18-

<PAGE>

compensation described in Section 201(2) of the Employee Retirement Income
Security Act of 1974.

         9.18     Distributions in Cash. Notwithstanding any other provision of
this Plan, distributions of amounts deferred hereunder shall be made only in
cash and shall be subject to withholding of applicable federal, state and local
taxes.

         9.19     Nature of Deferred Compensation Plan. The provisions of the
Plan relating to deferred compensation are fixed and final unless and until
amended, revised or terminated as herein provided.

                             ARTICLE 10. FORFEITURES

         Notwithstanding any provision in this Plan to the contrary excepting
only the provisions of Article 11, in the event the Committee finds

                  (a)      that an Employee or former Employee who has an
interest under this Plan has been discharged by his or her Employer in the
reasonable belief (and such reasonable belief is the reason or one of the
reasons for such discharge) that the Employee or former Employee did engage in
fraud against the Employer or anyone else, or

                  (b)      that an Employee or former Employee who has an
interest under this Plan has been convicted of a crime as a result of which it
becomes illegal for his or her Employer to employ him or her, then any amounts
held under this Plan for the benefit of such Employee or former Employee or his
or her beneficiaries shall be forfeited and no longer payable to such Employee
or former Employee or to any person claiming by or through such Employee or
former Employee.

                          ARTICLE 11 CHANGE IN CONTROL

         11.1     Treatment of Awards. In the event of a Change in Control, the
Corporation shall pay to each Participant who is participating in a Plan Cycle
on the Effective Date of such Change in Control, a lump sum cash payment equal
to the amount hereinafter determined. Such payment shall be paid in cash to the
Participant within five business days after the Implementation Date of

                                      -19-

<PAGE>

such Change in Control and shall be payment in full to each Participant for the
Plan Cycle, and such Plan Cycle shall be deemed terminated by operation of this
Article 11. No further Plan Cycles shall commence thereafter under this Plan.

         11.2     Amount of Payment. The amount of the payment to be made as a
consequence of a Change in Control shall, with respect to each Plan Cycle, be
equal to the maximum Award which could be paid hereunder to each Participant
pro-rated, however, to reflect late commencement of participation in a Plan
Cycle and/or promotions or Category changes in a Plan Cycle, consistent with
Sections 3.4 and 3.5 of the Plan.

         11.3     Definition of Change in Control. "Change in Control" shall
mean the occurrence of any of the following events:

                           (a)      The Company is merged, consolidated or
         reorganized into or with another corporation or other legal person
         other than National City Corporation (hereafter "NCC"), a successor of
         NCC (direct or indirect, by purchase, merger, consolidation,
         reorganization or otherwise) ("Successor"), or an affiliate of NCC or
         of a Successor and as a result of such merger, consolidation or
         reorganization less than fifty percent of the combined voting power of
         the then-outstanding securities of such resulting corporation or person
         immediately after such transaction are held by NCC, a Successor or an
         affiliate of NCC or of a Successor; or

                           (b)      The Company sells or otherwise transfers all
         or substantially all of its assets to another corporation or other
         legal person, and as a result of such sale or transfer less than fifty
         percent of the combined voting power of the then-outstanding Voting
         Stock of such corporation or person immediately after such sale or
         transfer is held by NCC, a Successor or an affiliate of NCC or of a
         Successor, provided, however, that a Change in Control of NCC
         determined by the standards set forth herein or otherwise shall not
         constitute a Change in Control of the Company.

                                      -20-

<PAGE>

         11.4     Effective Date of Change in Control. Notwithstanding the
foregoing, in the event a Change in Control ultimately results from discussions
or negotiations involving the Corporation or any of its officers or directors,
the "Effective Date" of such Change in Control shall be the date such
discussions or negotiations commenced; otherwise, such Effective Date of a
Change in Control shall be the Implementation Date of such Change in Control.

         11.5     Implementation Date of Change in Control. The "Implementation
Date" shall be the earliest to occur of the events specified in subsections (a)
or (b) of Section 11.3. As used herein, the Implementation Date of Change in
Control shall be the last date of the then current Plan Cycle.

         11.6     Effect of Change in Control. In addition to other vesting
under the Plan, the opportunity of a Participant to participate to the end of
the current Plan Cycle is vested in such Participant in the event of a Change in
Control, as of the Effective Date of such Change in Control.

                            ARTICLE 12. MISCELLANEOUS

         In the event of the liquidation of the Corporation the Committee may
make any provisions for holding, handling and distributing the amounts standing
to the credit of the Participants or beneficiaries hereunder which, in the
discretion of the Committee, are appropriate and equitable under all
circumstances and which are consistent with the spirit and purposes of these
provisions.

                                      -21-

<PAGE>

                    ARTICLE 13. AMENDMENT AND DISCONTINUANCE

         The Corporation expects to continue this Plan indefinitely, but
reserves the right, by action of the Board, to amend it from time to time, or to
discontinue it if such a change is deemed necessary or desirable. However, if
the Board should amend or discontinue this Plan, the Corporation shall remain
obligated under the Plan with respect to (1) Awards made final (and thus
payable) by decision by the Board prior to the date of such amendment or
discontinuance and (2) Awards and rights of any Participant or beneficiary with
respect to whom a Vesting Event has occurred.

         Executed this ____ day of _____________, 2003 at Louisville, Kentucky.

                                      NATIONAL PROCESSING COMPANY

                                      By: ______________________________________

                                      -22-<PAGE>

                                                                   EXHIBIT 10.16

                               SEVERANCE AGREEMENT

         THIS SEVERANCE AGREEMENT (this "Agreement"), dated as of ______, 19___,
by and between National Processing, Inc., an Ohio corporation (the "Company"),
and ___________________ (the "Executive"). This Agreement supersedes any other
Severance Agreement between the Company and the Executive.

                                   WITNESSETH:

         WHEREAS, the Executive is a senior executive of the Company and/or a
Subsidiary (as defined below) and has made and is expected to continue to make
major contributions to the profitability, growth and financial strength of the
Company;

         WHEREAS, the Company recognizes that, as is the case of most companies,
the possibility of a Change in Control exists;

         WHEREAS, the Company desires to assure itself of both present and
future continuity of management and desires to establish certain minimum
severance benefits for certain of its senior executive officers and other key
employees, including the Executive, applicable in the event of a Change in
Control;

         WHEREAS, the Company wishes to ensure that its senior executives and
other key employees are not practically disabled from discharging their duties
in respect of a proposed or actual transaction involving a Change in Control;
and

         WHEREAS, the Company desires to provide additional inducement for the
Executive to continue to remain in the ongoing employ of the Company.

         NOW, THEREFORE, the Company and the Executive agree as follows:

         1. CERTAIN DEFINED TERMS: In addition to terms defined elsewhere
herein, the following terms have the following meanings when used in this
Agreement with initial capital letters:

                  (a) "Base Pay" means the Executive's annual base salary at a
         rate not less than the Executive's annual fixed or base compensation as
         in effect for Executive immediately prior to the occurrence of a Change
         in Control or such higher rate as may be in effect from time to time.

                  (b) "Cause" means that, prior to any termination pursuant to
         Section 3(a) hereof, the Executive shall have committed:

               (i) an intentional act of fraud, embezzlement or theft in
         connection with his/her duties or in the course of his/her employment
         with the Company or any Subsidiary;

<PAGE>

               (ii) intentional wrongful damage to property of the Company or
         any Subsidiary;

               (iii) intentional wrongful disclosure of secret processes or
         confidential information of the Company or any Subsidiary; or

               (iv) intentional wrongful engagement in any Competitive
         Activity;

         and any such act shall have been harmful to the Company. For purposes
         of this Agreement, no act or failure to act on the part of the
         Executive shall be deemed "intentional" if it was due primarily to an
         error in judgment or negligence, but shall be deemed "intentional" only
         if done or omitted to be done by the Executive not in good faith and
         without reasonable belief that his/her action or omission was in the
         best interest of the Company. Nothing herein will limit the right of
         the Executive or his/her beneficiaries to contest the validity or
         propriety of any such determination.

                  (c) "Change in Control" means the occurrence during the Term
         of either of the following events:

                           (i) The Company is merged, consolidated or
         reorganized into or with another corporation or other legal person
         other than NCC, a successor of NCC (direct or indirect, by purchase,
         merger, consolidation, reorganization or otherwise) ("Successor"), or
         an affiliate of NCC or of a Successor and as a result of such merger,
         consolidation or reorganization less than fifty percent of the combined
         voting power of the then outstanding securities of such resulting
         corporation or person immediately after such transaction are held by
         NCC, a Successor or an affiliate of NCC or of a Successor; or

                           (ii) The Company sells or otherwise transfers all or
         substantially all of its assets or the Company causes or permits the
         sale or transfer of all or substantially all of the assets of any
         Subsidiary that has assets equal to or greater than eighty percent of
         the total assets of the Company, as reported on a consolidated basis,
         to another corporation or other legal person, and as a result of such
         sale or transfer less than fifty percent of the combined voting power
         of the then outstanding Voting Stock of such corporation or person
         immediately after such sale or transfer is held by NCC, a Successor or
         an affiliate of NCC or of a Successor, provided, however, that a Change
         in Control of NCC determined by the standards set forth herein or
         otherwise shall not constitute a Change in Control of the Company.

                  (d) "Competitive Activity" means the Executive's
         participation, without the written consent of an officer of the
         Company, in the management of any business enterprise if such
         enterprise engages in competition with the Company. "Competitive
         Activity" will not include (i) the mere ownership of securities in any
         such enterprise and the exercise of rights appurtenant thereto, (ii)
         participation in the management of any

                                       2
<PAGE>

         such enterprise other than in connection with the competitive
         operations of such enterprise or (iii) participation in the management
         of any such enterprise which has been authorized by the Board of
         Directors of the Company.

                  (e) "Employee Benefits" means the perquisites, benefits and
         service credit for benefits as provided under any and all employee
         retirement income and welfare benefit policies, plans, programs or
         arrangements in which Executive is entitled to participate, including
         without limitation any stock option, stock purchase, stock appreciation
         savings, pension, supplemental executive retirement, or other
         retirement income or welfare benefit, deferred compensation, incentive
         compensation, group or other life, health medical/hospital or other
         insurance (whether funded by actual insurance or self-insured by the
         Company), disability, salary continuation, expense reimbursement and
         other employee benefit policies, plans, programs or arrangements that
         may now exist or any equivalent successor policies, plans, programs or
         arrangements that may be adopted hereafter, providing perquisites,
         benefits and service credit for benefits at least as great in the
         aggregate as are payable thereunder prior to a Change in Control.

                  (f) "Incentive Pay" means an annual amount equal to not less
         than the highest aggregate annual bonus, incentive or other payments of
         cash compensation (including, without limitation, payments made
         pursuant to Company's long-term incentive plan and short-term incentive
         plan, if any), in addition to Base Pay, made or to be made in regard to
         services rendered in any calendar year during the three calendar years
         immediately preceding the year in which the Change in Control occurred
         pursuant to any bonus, incentive, profit-sharing, performance,
         discretionary pay or similar agreement, policy, plan, program or
         arrangement (whether or not funded), or any successor thereto providing
         benefits at least as great as the benefits payable thereunder prior to
         a Change in Control.

                  (g) "NCC" means National City Corporation, a Delaware
         corporation that as of the date of this Agreement owns ____% of the
         Voting Stock.

                  (h) "Severance Period" means the period of time commencing on
         the date of an occurrence of a Change in Control and continuing until
         the earliest of (i) the third anniversary of the occurrence of the
         Change in Control (ii) the Executive's death, or (iii) the Executive's
         attainment of age 65;

                  (i) "Subsidiary" means an entity in which Company directly or
         indirectly beneficially owns 50% or more of the outstanding Voting
         Stock.

                  (j) "Term" means the period commencing as of the date hereof
         and expiring as of the later of (i) the close of business on ______,
         19__, or (ii) the expiration of the Severance Period; PROVIDED,
         HOWEVER, that (A) commencing on _________, 19__ and each _________
         thereafter, the Term of this Agreement will automatically be extended
         for an additional year unless, not later than ____________ of the
         immediately preceding year, the Company or the Executive shall have
         given notice that it or the Executive, as the case

                                       3

<PAGE>

         may be, does not wish to have the Term extended and (B) except as
         otherwise provided in the last sentence of Section 7, if, prior to a
         Change in Control, the Executive ceases for any reason to be an
         employee of the Company or any Subsidiary, thereupon without further
         action the Term shall be deemed to have expired and this Agreement will
         immediately terminate and be of no further effect. For purposes of this
         Section 1(j), the Executive shall not be deemed to have ceased to be an
         employee of the Company or any Subsidiary by reason of the transfer of
         Executive's employment between the Company and any Subsidiary, or among
         any Subsidiaries.

                  (k) "Voting Stock" means the then outstanding securities
         entitled to vote generally in the election of directors of the Company.

         2. OPERATION OF AGREEMENT: This Agreement will be effective and binding
immediately upon its execution, but, anything in this Agreement to the contrary
notwithstanding, this Agreement will not be operative unless and until a Change
in Control occurs, whereupon without further action this Agreement shall become
immediately operative.

         3. TERMINATION FOLLOWING A CHANGE IN CONTROL: (a) In the event the
Company, a Subsidiary or a successor of the Company (direct or indirect, by
purchase, merger, consolidation, reorganization or otherwise) terminates the
Executive's employment during the Severance Period, the Executive will be
entitled to the severance compensation provided by Section 4; PROVIDED, HOWEVER,
that the Executive shall not be entitled to the severance compensation provided
by Section 4 hereof only upon the occurrence of one or more of the following
events:

                           (i) The Executive's death occurring prior to
         termination of his/her employment;

                           (ii) Prior to the termination of his/her employment,
         the Executive becomes permanently disabled within the meaning of, and
         begins actually to receive disability benefits pursuant to, the
         long-term disability plan in effect for, or applicable to, Executive
         immediately prior to the Change in Control; or

                           (iii) Cause.

                  (b) In the event of the occurrence of a Change in Control, the
         Executive may terminate employment with the Company and any Subsidiary
         during the Severance Period with the right to severance compensation as
         provided in Section 4 upon the occurrence of one or more of the
         following events (regardless of whether any other reason for such
         termination exists or has occurred, including without limitation other
         employment):

                           (i) Failure to elect or reelect or otherwise to
         maintain the Executive in the office or the position, or a
         substantially equivalent or higher level office or position, of or with
         the Company and/or a Subsidiary, as the case may be, which the
         Executive

                                       4

<PAGE>

         held immediately prior to a Change in Control, or the removal
         of the Executive as a Director of the Company (or any successor
         thereto) if the Executive shall have been a Director of the Company
         immediately prior to the Change in Control;

                           (ii) (I) A significant adverse change in the nature
         or scope of the authorities, powers, functions, responsibilities or
         duties attached to the position with the Company and any Subsidiary
         which the Executive held immediately prior to the Change in Control;
         (II) a reduction in the aggregate of the Executive's Base Pay and the
         formula for determining Incentive Pay received from the Company and any
         Subsidiary; or (III) the termination or denial of the Executive's
         rights to Employee Benefits or a reduction in the scope or value
         thereof, which situation is not remedied within 10 calendar days after
         written notice to the Company from the Executive;

                           (iii) A determination by the Executive (which
         determination will be conclusive and binding upon the parties hereto
         provided it has been made in good faith and in all events will be
         presumed to have been made in good faith unless otherwise shown by the
         Company by clear and convincing evidence) that a change in
         circumstances has occurred following a Change in Control, including,
         without limitation, a change in the scope of the business or other
         activities for which the Executive was responsible immediately prior to
         the Change in Control, which has rendered the Executive substantially
         unable to carry out, has substantially hindered Executive's performance
         of, or has caused Executive to suffer a substantial reduction in, any
         of the authorities, powers, functions, responsibilities or duties
         attached to the position held by the Executive immediately prior to the
         Change in Control, which situation is not remedied within 10 calendar
         days after written notice to the Company from the Executive of such
         determination;

                           (iv) The liquidation, dissolution, merger,
         consolidation or reorganization of the Company or any Subsidiary by
         which Executive is employed or transfer of all or substantially all of
         its business and/or assets, unless the successor or successors (by
         liquidation, merger, consolidation, reorganization, transfer or
         otherwise) to which all or substantially all of its business and/or
         assets have been transferred (directly or by operation of law) assumed
         all duties and obligations of the Company under this Agreement pursuant
         to Section 9(a);

                           (v) The Company or any Subsidiary by which Executive
         is employed relocates its principal executive offices, or requires the
         Executive to have his/her principal location of work changed, to any
         location which is in excess of 25 miles from the location thereof
         immediately prior to the Change of Control, or requires the Executive
         to travel away from his/her office in the course of discharging his/her
         responsibilities or duties hereunder at least 20% more (in terms of
         aggregate days in any calendar year or in any calendar quarter when
         annualized for purposes of comparison to any prior year) than was
         required of Executive in any of the three full years immediately prior
         to the Change in Control without, in either case, his/her prior written
         consent; or

                                       5

<PAGE>

                           (vi) Without limiting the generality or effect of the
         foregoing, any material breach of this Agreement by the Company or any
         successor thereto.

                  (c) A termination by the Company pursuant to Section 3(a) or
         by the Executive pursuant to Section 3(b) will not affect any rights
         which the Executive may have pursuant to any agreement, policy, plan,
         program or arrangement of the Company providing Employee Benefits,
         which rights shall be governed by the terms thereof.

         4. SEVERANCE COMPENSATION: (a) If, following the occurrence of a Change
in Control, the Company or any Subsidiary by which Executive is employed
terminates the Executive's employment during the Severance Period other than
pursuant to Section 3(a)(i), 3(a)(ii) or 3(a)(iii), or if the Executive
terminates his/her employment pursuant to Section 3(b), the Company will pay to
the Executive the following amounts within five business days after the date
(the "Termination Date") that the Executive's employment is terminated (the
effective date of which shall be the date of termination, or such other date
that may be specified by the Executive if the termination is pursuant to Section
3(b)) and continue to provide to the Executive the following benefits:

                           (i) A lump sum payment (the "Severance Payment") in
         an amount equal to two (2) times the sum of (A) Base Pay (at the
         highest rate in effect for any period prior to the Termination Date),
         plus (B) Incentive Pay (determined in accordance with the standards set
         forth in Section 1(f)) less the sum of (A) any and all payments
         received by the Executive from the Company, any Subsidiary, NCC, a
         Successor or an affiliate of NCC or a Successor following the
         occurrence of a Change in Control plus (B) any future payments to be
         made to the Executive in accordance with any employment agreements or
         contracts between the Company, a Subsidiary, NCC or its affiliates, or
         a Successor and the Executive (specifically excluding payments from any
         deferred compensation plan).

                           (ii) (A) For twenty-four (24) months (the
         "Continuation Period") following the occurrence of a Change in Control,
         the Company will arrange to provide the Executive with Employee
         Benefits that are welfare benefits (but not stock option, stock
         purchase, stock appreciation or similar compensatory benefits)
         substantially similar to those which the Executive was receiving or
         entitled to receive immediately prior to the occurrence of a Change in
         Control Date, and (B) such continuation Period will be considered
         service with the Company, assuming the amount of Base Pay and Incentive
         Pay payable to the Executive during the calendar year immediately
         preceding the year in which the Termination Date occurs, for the
         purpose of determining service credits and benefits due and payable to
         the Executive under the Company's retirement, supplemental executive
         retirement and other benefit plans of the Company applicable to the
         Executive, his/her dependents or his/her beneficiaries immediately
         prior to the Termination Date. If beneficiaries and to the extent that
         any benefit described in subsections (A) and (B) of this Section
         4(a)(ii) is not or cannot be paid or provided under any policy, plan,
         program or arrangement of the Company or any Subsidiary, as the case
         may be, then the Company

                                       6

<PAGE>

         will itself pay or provide for the payment to the Executive, his/her
         dependents and beneficiaries, of such Employee Benefits. Without
         otherwise limiting the purposes or effect of Section 5, Employee
         Benefits otherwise receivable by the Executive pursuant to the
         subsection (A) of this Section 4(a)(ii) will be reduced to the extent
         comparable welfare benefits are actually received by the Executive from
         another employer during the Continuation Period, and any such benefits
         received by the Executive shall be reported by the Executive to the
         Company.

                  (b) There will be no right of set-off or counterclaim in
         respect of any claim, debt or obligation against any payment to or
         benefit for the Executive provided for in this Agreement, except as
         expressly provided in the last sentence of Section 4(a)(ii).

                  (c) Without limiting the rights of the Executive at law or in
         equity, if the Company fails to make any payment or provide any benefit
         required to be made or provided hereunder on a timely basis, the
         Company will pay interest on the amount or value thereof at an
         annualized rate of interest equal to the so-called composite "prime
         rate" as quoted from time to time during the relevant period in the
         Midwest Edition of The WALL STREET JOURNAL. Such interest will be
         payable as it accrues on demand. Any change in such prime rate will be
         effective on and as of the date of such change.

                  (d) Notwithstanding any other provision hereof, the parties'
         respective rights and obligations under this Section 4 and under
         Section 6 will survive any termination or expiration of this Agreement
         following a Change in Control or the termination of the Executive's
         employment following a Change in Control for any reason whatsoever.

                  (e) If the Executive shall become entitled to the benefits
         provided by Section 4(a)(i) and Section 4(a)(ii), then the Executive
         may, by notice to the Company as provided by Section 10 that is
         received by the Company within two days after the Termination Date, be
         released from any covenant not-to-compete with the Company that the
         Executive has theretofore undertaken; provided, however, that if the
         Executive gives such notice for relief from a covenant not-to-compete,
         then the benefits provided by Section 4(a)(i) shall be reduced by an
         amount equal to the sum of (A) Executive's Base Pay (at the highest
         rate in effect for any period prior to the Termination Date) plus (B)
         Incentive Pay (determined in accordance with the standards set forth in
         Section 1(f)) and the benefits provided by Section 4(a)(ii) shall be
         reduced by twelve (12) months; and provided further, however, that if
         Executive shall have received payment of the benefit provided by
         Section 4(a)(i) prior to receipt by the Company of the notice
         contemplated by this Section 4(e), then the Executive shall have waived
         his/her right to such notice and relief from any covenant
         not-to-compete. The waiver of any covenant not-to-compete contemplated
         by this Section 4(e) shall not include any covenant by Executive to
         maintain and not misapply any of the Company's confidential business
         information.

         5. NO MITIGATION OBLIGATION: The Company hereby acknowledges that it
will be difficult and may be impossible (a) for the Executive to find reasonably
comparable employment

                                       7

<PAGE>

following the Termination Date, and (b) to measure the amount of damages which
Executive may suffer as a result of termination of employment hereunder. In
addition, the Company acknowledges that its severance pay plans applicable in
general to its salaried employees do not provide for mitigation, offset or
reduction of any severance payment received thereunder. Accordingly, the payment
of the severance compensation by the Company to the Executive in accordance with
the terms of this Agreement is hereby acknowledged by the Company to be
reasonable and will be liquidated damages, and the Executive will not be
required to mitigate the amount of any payment provided for in this Agreement by
seeking other employment or otherwise, nor will any profits, income, earnings or
other benefits from any source whatsoever create any mitigation, offset,
reduction or any other obligation on the part of the Executive hereunder or
otherwise, except as expressly provided in the last sentence of Section
4(a)(ii).

         6. LEGAL FEES AND EXPENSES. It is the intent of the Company that the
Executive not be required to incur legal fees and the related expenses
associated with the interpretation, enforcement or defense of Executive's rights
under this Agreement by litigation or otherwise because the cost and expense
thereof would substantially detract from the benefits intended to be extended to
the Executive hereunder. Accordingly, if it should appear to the Executive that
the company has failed to comply with any of its obligations under this
Agreement or in the event that the Company or any other person takes or
threatens to take any action to declare this Agreement void or unenforceable, or
institutes any litigation or other action or proceeding designed to deny, or to
recover from, the Executive the benefits provided or intended to be provided to
the Executive hereunder, the company irrevocably authorizes the Executive from
time to time to retain counsel of Executive's choice, at the expense of the
company as hereafter provided, to advise and represent the Executive in
connection with any such interpretation, enforcement or defense, including
without limitation the initiation or defense of any litigation or other legal
action, whether by or against the Company or any Director, officer, stockholder
or other person affiliated with the Company, in any jurisdiction.
Notwithstanding any existing or prior attorney-client relationship between the
Company and such counsel, the Company irrevocably consents to the Executive's
entering into an attorney-client relationship with such counsel, and in that
connection the Company and the Executive agree that a confidential relationship
shall exist between the Executive and such counsel. Without respect to whether
the Executive prevails, in whole or in part, in connection with any of the
foregoing, the Company will pay and be solely financially responsible for any
and all attorneys' and related fees and expenses incurred by the Executive in
connection with any of the foregoing.

         7. EMPLOYMENT RIGHTS; TERMINATION PRIOR TO CHANGE IN CONTROL: Nothing
expressed or implied in this Agreement will create any right or duty on the part
of the Company or the Executive to have the Executive remain in the employment
of the Company or any Subsidiary prior to or following any Change in Control.
Any termination of employment of the executive or the removal of the Executive
from the office or position in the Company following the commencement of any
discussion with a third person that ultimately results in a Change in Control
shall be deemed to be a termination or removal of the Executive after a Change
in Control for purposes of this Agreement.

                                       8

<PAGE>

         8. WITHHOLDING OF TAXES: The Company may withhold from any amounts
payable under this Agreement all federal, state, city or other taxes as the
Company is required to withhold pursuant to any law or government regulation or
ruling.

         9. SUCCESSORS AND BINDING AGREEMENT: (a) The Company will require any
successor (whether direct or indirect, by purchase, merger, consolidation,
reorganization or otherwise) to all or substantially all of the business or
assets of the Company, by agreement in form and substance satisfactory to the
Executive, expressly to assume and agree to perform this Agreement in the same
manner and to the same extent the Company would be required to perform if no
such succession had taken place. This Agreement will be binding upon and inure
to the benefit of the Company and any successor to the Company, including
without limitation any persons acquiring directly or indirectly all or
substantially all of the business or assets of the Company whether by purchase,
merger, consolidation, reorganization or otherwise (and such successor shall
thereafter be deemed the "Company" for the purposes of this Agreement), but will
not otherwise be assignable, transferable or delegable by the Company.

                  (b) This Agreement will inure to the benefit of and be
         enforceable by the Executive's personal or legal representatives,
         executors, administrators, successors, heirs, distributees and
         legatees.

                  (c) This Agreement is personal in nature and neither of the
         parties hereto shall, without the consent of the other, assign,
         transfer or delegate this Agreement or any rights or obligations
         hereunder except as expressly provided in Sections 9(a) and 9(b)
         hereof. Without limiting the generality or effect of the foregoing, the
         Executive's right to receive payments hereunder will not be assignable,
         transferable or delegable, whether by pledge, creation of a security
         interest, or otherwise, other than by a transfer by Executive's will or
         by the last of descent and distribution and, in the event of any
         attempted assignment or transfer contrary to this Section 9(c), the
         Company shall have no liability to pay an amount so attempted to be
         assigned, transferred or delegated.

         10. NOTICES: For all purposes of this Agreement, all communications,
including without limitation notices, consents, requests or approvals, required
or permitted to be given hereunder will be in writing and will be deemed to have
been duly given when hand delivered or dispatched by electronic facsimile
transmission (with receipt thereof orally confirmed), or five business days
after having been mailed by United States registered or certified mail, return
receipt requested, postage prepaid, or three business days after having been
sent by a nationally recognized overnight courier service such as Federal
Express, UPS, or Purolator, addressed to the Company (to the attention of the
Secretary of the Company) at its principal executive office and to the Executive
at his/her principal residence, or to such other address as any party may have
furnished to the other in writing and in accordance herewith, except that
notices of changes of address shall be effective only upon receipt.

         11. GOVERNING LAW: The validity, interpretation, construction and
performance of this Agreement will be governed by and construed in accordance
with the substantive laws of the

                                       9

<PAGE>

Commonwealth of Kentucky, without giving effect to the principles of conflict of
laws of such Commonwealth.

         12. VALIDITY: If any provision of this Agreement or the application of
any provision hereof to any person or circumstances is held invalid,
unenforceable or otherwise illegal, the remainder of this Agreement and the
application of such provision to any other person or circumstances will not be
affected, and the provision so held to be invalid, unenforceable or otherwise
illegal will be reformed to the extent (and only to the extent) necessary to
make it enforceable, valid or legal.

         13. MISCELLANEOUS: No provision of this Agreement may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to
in writing and signed by the Executive and the Company. No waiver by either
party hereto at any time of any breach by the other party hereto or compliance
with any condition or provision of this Agreement to be performed by such other
party will be deemed a waiver of similar or dissimilar provisions or conditions
at the same or at any prior to subsequent time. No agreements or
representations, oral or otherwise, expressed or implied with respect to the
subject matter hereof have been made by either party which are not set forth
expressly in this Agreement. References to sections are to references to
sections of this Agreement.

         14. COUNTERPARTS: This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same agreement.

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

                                    NATIONAL PROCESSING, INC.

                                    By: ___________________________
                                            (Signature)

___________________________
       [Signature]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}]]