Document:

EXHIBIT 10.44

 R E S T R I C T E D S T O C K A G R E E M E N T

 Non-transferable

G R A N T T O

[_________________]

(“Grantee”)

 by PTEK Holdings, Inc. (the “Company”) of

 [________________________]

 shares of its common stock, $0.01 par value (the “Shares”)

 pursuant to and subject to the provisions of the PTEK Holdings, Inc. 1998 Stock Plan (the “Plan”) and to the terms and conditions set forth on the following page (the “Terms and Conditions”).

      Unless sooner vested in accordance with Section 3 of the Terms and Conditions, the restrictions imposed under Section 2 of the Terms and Conditions will expire as to the following fractions of the Shares awarded hereunder, on the following respective dates; provided that Grantee is then still employed by the Company or any of its Subsidiaries:

		
	  	 Date of Expiration
	 Fraction of Shares	 of Restrictions
	 	 
	1/3	 1st Anniversary of Grant Date
	1/3	 2nd Anniversary of Grant Date
	1/3	 3rd Anniversary of Grant Date

      IN WITNESS WHEREOF, PTEK Holdings, Inc., acting by and through its duly authorized officers, has caused this Agreement to be executed as of the Grant Date. 

	 	PTEK HOLDINGS, INC.
	 	
	 	By: _____________________________________
	 	        Its:
	 	
	 	Grant Date: _______________________________
	 	
	 	Hire Date: ________________________________
	 	
	 	Accepted by Grantee: _______________________

1

 TERMS AND CONDITIONS

 1. Grant of Shares. PTEK Holdings, Inc. (the “Company”) hereby grants to the Grantee named on Page 1 hereof (“Grantee”), subject to the restrictions and the other terms and conditions set forth in the PTEK Holdings, Inc. 1998 Stock Plan (the “Plan”) and in this award agreement (this “Agreement”), the number of shares indicated on Page 1 hereof of the Company’s $0.01 par value common stock (the “Shares”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.

 2. Restrictions. The Shares are subject
to each of the following restrictions. “Restricted Shares” mean those
Shares that are subject to the restrictions imposed hereunder which restrictions
have not then expired or terminated. Restricted Shares may not be sold,
transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered.
If Grantee’s employment with the Company or any Subsidiary terminates for
any reason other than as set forth in paragraph (b) of Section 3 hereof, then
Grantee shall forfeit all of Grantee’s right, title and interest in and to
the Restricted Shares as of the date of employment termination, such Restricted
Shares shall revert to the Company immediately following the event of
forfeiture. The restrictions imposed under this Section 2 shall apply to all
shares of the Company’s common stock or other securities issued with
respect to Restricted Shares hereunder in connection with any merger,
reorganization, consolidation, recapitalization, stock dividend or other change
in corporate structure affecting the common stock of the Company.

 3. Expiration and Termination of Restrictions. The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Restricted Period”):

      (a) As to the fractions of the Shares specified on page 1 hereof, on the respective dates specified on page 1 hereof; provided Grantee is then still employed by the Company or a Subsidiary; or

      (b) As to all of the unvested Shares, on the date of termination of Grantee’s employment by reason of death or Permanent and Total Disability.

 4. Delivery of Shares. The Shares will be registered in the name of Grantee as of the Grant Date and will be held by the Company during the Restricted Period in certificated or uncertificated form. If a certificate for Restricted Shares is issued during the Restricted Period with respect to such Shares, such certificate shall be registered in the name of Grantee and shall bear a legend in substantially the following form (in addition to any legend required under applicable state securities laws):

 “This certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture and restrictions against transfer) contained in a Restricted Stock Agreement between the registered owner of the shares represented hereby and PTEK Holdings, Inc. Release from such terms and conditions shall be made only in accordance with the provisions of such Agreement, copies of which are on file in the offices of PTEK Holdings, Inc.”

 Stock certificates for the Shares, without the first above legend, shall be delivered to Grantee or Grantee’s designee upon request of Grantee after the expiration of the Restricted Period, but delivery may be postponed for such period as may be required for the Company with reasonable diligence to comply if deemed advisable by the Company, with registration requirements under the Securities Act of 1933, as amended, listing requirements under the rules of any stock exchange, and requirements under any other law or regulation applicable to the issuance or transfer of the Shares.

 5. Voting and Dividend Rights. Grantee, as beneficial owner of the Shares, shall have full voting and dividend rights with respect to the Shares during and after the Restricted Period. If Grantee forfeits any rights he or she may have under this Agreement in accordance with Section 3, Grantee shall no longer have any rights as a shareholder with respect to the Restricted Shares or any interest therein and Grantee shall no longer be entitled to receive dividends on such stock. In the event that for any reason Grantee shall have received dividends upon such stock after such forfeiture, Grantee shall repay to the Company any amount equal to such dividends.

 6. Changes in Capital Structure. The provisions of the Plan shall apply in the case of a change in the capital structure of the Company. Without limiting the foregoing, in the event of a subdivision of the outstanding Stock (stock-split), a declaration of a dividend payable in Stock, or a combination or consolidation of the outstanding Stock into a lesser number of shares, the Shares then subject to this Agreement shall automatically be adjusted proportionately.

 7. No Right of  Continued Employment. Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate Grantee’s employment at any time, nor confer upon Grantee any right to continue in the employ of the Company or any Subsidiary.

 8. Payment of Taxes. Upon
issuance of the Shares hereunder, Grantee may make an election to be taxed upon
such award under Section 83(b) of the Code. To effect such election, Grantee may
file an appropriate election with Internal Revenue Service within thirty (30)
days after award of the Shares and otherwise in accordance with applicable
Treasury Regulations. Grantee will, no later than the date as of which any
amount related to the Shares first becomes includable in Grantee’s gross
income for federal income tax purposes, pay to the Company, or make other
arrangements satisfactory to the Committee regarding payment of, any federal,
state and local taxes of any kind required by law to be withheld with respect to
such amount. The obligations of the Company under this Agreement will be
conditional on such payment or arrangements, and the Company, and, where
applicable, its Subsidiaries will, to the extent permitted by law, have the
right to deduct any such taxes from any payment of any kind otherwise due to
Grantee.

 9. Amendment. The Committee may amend, modify or terminate this Agreement without approval of Grantee; provided, however, that such amendment, modification or termination shall not, without Grantee’s consent, reduce or diminish the value of this award determined as if it had been fully vested (i.e., as if all restrictions on the Shares hereunder had expired) on the date of such amendment or termination.

 10. Plan Controls. The terms contained in the Plan are incorporated into and made a part of this Agreement and this Agreement shall be governed by and construed in accordance with the Plan. In the event of any actual or alleged conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan shall be controlling and determinative.

 11. Successors. This Agreement shall be binding upon any successor of the Company, in accordance with the terms of this Agreement and the Plan.

 12. Severability. If any one or more of the provisions contained in this Agreement is deemed to be invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included.

 13. Notice. Notices and communications under this Agreement must be in writing and either personally delivered or sent by registered or certified United States mail, return receipt requested, postage prepaid. Notices to the Company must be addressed to:

   PTEK Holdings, Inc.

3399 Peachtree Rd, N.E.

The Lenox Building, Suite 700

Atlanta, Georgia 30326

Attn: Director, Stock Plan Management

 or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on file with the Company, or at any other address given by Grantee in a written notice to the Company.

2EXHIBIT 10.51

 DIRECTOR STOCK OPTION AGREEMENT

      THIS DIRECTOR STOCK OPTION AGREEMENT (this “Agreement”) is made and entered into as of the _____ day of _________, 20___, by and between PTEK HOLDINGS, INC., a Georgia corporation (the “Corporation”), and _____________________ (the “Director”).

 W I T N E S S E T H:

      WHEREAS, the Director is a member of the Board of Directors (the “Board”) of the Corporation; and

      WHEREAS, the Board has adopted the PTEK Holdings, Inc. 2000 Directors Stock Plan (the "Plan"), which authorizes the granting of stock options to non-employee directors of the Corporation to purchase shares of the Corporation's $.01 par value common stock (the “Common Stock”);

      NOW, THEREFORE, in consideration of the premises and the mutual agreements and covenants contained herein, and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

      1. Grant of Option. Subject to the terms and conditions of this Agreement, the Corporation hereby grants to the Director the right and option (the "Option") to purchase 100,000 shares of Common Stock (the “Option Shares”).

      2. Exercise Price. The purchase price (the “Exercise Price”) for each Option Share shall be _____________ Dollars ($______).

      3. Exercise of Option.

          (a) An Option may be
exercised by the Director delivering to the Corporation a written notice of
exercise signed by the Director, in substantially the form attached hereto as
Exhibit A or such other form as approved by the Corporation (a “Notice of
Exercise”), together with a check payable to the Corporation in the amount of
the total Exercise Price for the Option Shares to be purchased pursuant to the
Notice of Exercise. Alternatively, all or any portion of the Exercise Price may
be paid by tendering to the Corporation shares of Common Stock owned by the
Director for at least six (6) months and duly endorsed for transfer, to be
credited against the total Exercise Price of the Option Shares to be purchased
at the fair market value of the Common Stock tendered on the date of exercise;
provided, however, no fractional shares of Common Stock may be so tendered. In
the event that the aggregate amount of the check, if any, plus the fair market
value of the shares of Common Stock tendered exceeds the total Exercise Price of
the Option Shares to be purchased (the “Excess Consideration”), the Corporation
shall issue to the Director or his/her designee a stock certificate evidencing
shares of Common Stock equal to the Excess Consideration divided by the fair
market value of the Common Stock on the date of exercise; provided, however, the
Corporation shall not be obligated to issue any fractional shares to the
Director and the Corporation shall pay to the Director an amount of cash equal
to the fair

market value of any fractional share determined as of the date of exercise. In addition to the above methods of exercise, to the extent permitted under Regulation T of the Federal Reserve Board, and subject to applicable securities laws, the Option may be exercised through a broker in a so-called "cashless exercise" whereby the broker sells the Option Shares and delivers cash sales proceeds to the Corporation in payment of the total Exercise Price plus the amount of taxes and other amounts to be withheld pursuant to Section 10 hereof.

          (b) The Option shall become exercisable on such dates and with respect to such number of Option Shares as are specified below, provided that the Director is a member of the Board on each such date:

            (i) As of the date of the ____ annual meeting of the shareholders of the Corporation, the Director shall have the right to exercise the Option with respect to, and to thereby purchase, one-third (1/3) of the Option Shares; prior to said date, the Option shall not be exercisable except as provided in subsection (e) of this Section 3.

       (ii) As of the date of the ____ annual meeting of the shareholders of the Corporation, the Director shall have the right to exercise the Option with respect to, and to thereby purchase, an additional one-third (1/3) of the Option Shares.

       (iii) As of the date of the ____ annual meeting of the shareholders of the Corporation (the “ ____  Annual Meeting”), the Director shall have the right to exercise the Option with respect to, and to thereby purchase, the balance of the Option Shares.

          (c) The Director may exercise the Option for less than the full number of Option Shares with respect to which the Option is exercisable (the “Available Option Shares”), but such exercise shall not be made at any one time for less than ten percent (10%) of the total number of Option Shares specified in Section 1 hereof, and no fractional shares of Common Stock shall be issued. Subject to the other restrictions on exercise set forth herein, the unexercised portion of the exercisable Option may be exercised at a later date by the Director, and the 10 percent requirement shall not apply to any exercise of the Option if all remaining Available Option Shares are being purchased.

          (d) Within thirty (30) days after the exercise of the Option as herein provided, the Corporation shall deliver to the Director a certificate or certificates for the total Option Shares being purchased, in such names and denominations as are requested by the Director.

          (e) Notwithstanding anything else contained in this Agreement, the Director will be vested immediately in all of the Options if there is a Change in Control of the Corporation. For the purposes of this Agreement, a “Change in Control” shall mean the occurrence of any of the following events:

       (i) An acquisition (other than directly from the Corporation) of any voting securities of the Corporation (“Voting Securities”) by any “Person” (as the term person is used for purposes of Section 13(d) or 14(d) of the Securities Exchange Act of

2

   1934 (the “1934 Act”)) immediately after which such Person has “Beneficial Ownership" (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of 25% or more of the combined voting power of the Corporation’s then outstanding Voting Securities; provided, however, that in determining whether a Change in Control has occurred, Voting Securities that are acquired in an acquisition by (A) an employee benefit plan (or a trust forming a part thereof) maintained by (I) the Corporation or (II) any corporation or other person of which a majority of its voting power or its equity securities or equity interests are owned directly or indirectly by the Corporation (a “Subsidiary”), or (B) the Corporation or any Subsidiary, or (C) any Person in connection with a "Non-Control Transaction" (as hereinafter defined), shall not constitute an acquisition for purposes for this clause (i);

         (ii) The individuals who, as of the date
of this Agreement, are members of the Board (the “Incumbent Board”) cease for
any reason to constitute at least 60% of the Board; provided, however, that if
the election, or nomination for election by the Corporation’s shareholders,
of any new director was approved by a vote of at least 80% of the Incumbent
Board, such new director shall for purposes of this Agreement, be considered as
a member of the Incumbent Board; provided, further, however, that no individual
shall be considered a member of the Incumbent Board if such individual initially
assumed office as a result of either an actual or threatened “Election Contest”
(as described in Rule 14a-11 promulgated under the 1934 Act) or other actual or
threatened solicitation of proxies or consents by or on behalf of a Person other
than the Board (a “Proxy Contest”), including by reason of any agreement
intended to avoid or settle any Election Contest or Proxy Contest; or

        (iii) Approval by the shareholders of the Corporation of:

  
          (A) a merger, consolidation or reorganization involving the Corporation, unless:

    
            (I) the shareholders of the Corporation, immediately before such merger, consolidation or reorganization, own, directly or indirectly, immediately following such a merger, consolidation or reorganization, at least two-thirds of the combined voting power of the outstanding voting securities of the corporation resulting from such merger, consolidation or reorganization (the “Surviving Corporation”) in substantially the same proportion as their ownership of the Voting Securities immediately before such merger, consolidation or reorganization, and

            (II) the individuals who were members of the Incumbent Board immediately prior to the execution of the Agreement providing for such merger, consolidation or reorganization constitute at least 80% of the members of the board of directors of the Surviving Corporation. (A transaction in which both of clauses (I) and (II) above

    

  

3

  
    
       shall be applicable is hereinafter referred to as a “Non-Control Transaction.”)

    

          (B) A complete liquidation or dissolution of the Corporation;

          (C) An agreement for the sale or other disposition of all or substantially all of the assets of the Corporation to any Person (other than a transfer to a Subsidiary); or

          (D) A transaction in which the Corporation recapitalizes itself and uses the proceeds of such a recapitalization to buy back or tender Common Stock or declares a special cash dividend in excess of $.50 per share of Common Stock.

  

           (f) The Corporation covenants and agrees that all Option Shares which may be issued upon exercise of the Option shall, upon issuance and payment therefor, be legally and validly issued and outstanding, fully paid and nonassessable, and free from all liens, claims and encumbrances, except restrictions imposed by applicable securities laws, the Corporation’s Articles of Incorporation and/or this Agreement. The Corporation shall at all times reserve and keep available for issuance upon the exercise of the Option such number of authorized but unissued shares of Common Stock as will be sufficient to permit the exercise in full of the Option.

           (g) The Director accepts the Option subject to all terms and provisions of the Plan, a copy of which has been delivered to the Director. The Director agrees to accept as binding, conclusive and final all decisions and interpretations of the Plan Committee and, where applicable, the Corporation’s Board of Directors regarding, the Plan.

      4. Term of Option and Limitation on Right to Exercise. The Option, to the extent it has not become exercisable, will lapse and be of no further force or effect as of the date on which the Director ceases to be a member of the Board. The Option, to the extent it has become exercisable but has not previously been exercised, will lapse under the following circumstances; provided, however, that the Committee or its designee may, prior to the lapse of the Option under the circumstances described in subsection (b) below, provide in writing that the Option will extend until a later date:

           (a) The Option shall lapse as of 5:00 p.m., Eastern Time, on April 26, 2010 (the “Expiration Date”).

           (b) If the Director ceases to be a member of the Board prior to the ____   Annual Meeting, other than by reason of the Director’s death, the Option shall lapse as of 5:00 p.m., Eastern Time, on the ninetieth (90th) day after the date that the Director ceases to be a member of the Board.

4

          (c) If the Director dies while a member of the Board, or ceases to be a member of the Board after the ____   Annual Meeting, the Option shall lapse on the Expiration Date.

          (d) Notwithstanding anything to the contrary contained in this Agreement, in the event that the vesting of the Option is accelerated pursuant to Section 3(e) hereof, the Option shall lapse as of the Expiration Date.

In the event of the Director’s death, the Option may be exercised hereunder by the Director’s personal representative, legatees or heirs at law, as the case may be, and in the case of the Director's mental incompetence, by his legal guardian, or if none has been appointed, by his duly authorized attorney-in-fact.

     5. Nontransferability. This Agreement, the Option and all rights hereunder are nontransferable and nonassignable by the Director, other than by the last will and testament of the Director or the laws of descent and distribution, unless the Corporation consents thereto in writing. Any transfer or attempted transfer except pursuant to the preceding sentence shall be null and void and of no effect whatsoever.

     6. Adjustments.

          (a) If, prior to the lapse of the Option as provided in Section 4 hereof:

       (i) The number of outstanding shares of Common Stock is increased by a stock split, stock dividend or other similar event, the Exercise Price shall be proportionately reduced and the number of Option Shares that have not theretofore been purchased by the Director shall be proportionately increased.

       (ii) The number of outstanding shares of Common Stock is decreased by a combination or reclassification of shares, or other similar event, the Exercise Price shall be proportionately increased and the number of Option Shares that have not theretofore been purchased by the Director shall be proportionately reduced.

If any adjustment under this Section 6(a) would create a fractional share of Common Stock or a right to acquire a fractional share of Common Stock, such fractional share shall be disregarded and the number of Option Shares subject to the Option shall be the next higher number of shares.

          (b) If, prior to the lapse of the Option as provided in Section 4(a) hereof, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event, as a result of which shares of Common Stock shall be changed into the same or a different number of shares of the same or another class or classes of stock or securities of the Corporation or another entity (a “Reorganization Event”), then the Director shall, from and after such Reorganization Event, have the right to purchase and receive upon the basis and upon the terms and conditions specified in this Agreement and in lieu of the Option Shares immediately theretofore purchasable and receivable upon the exercise of the Option, such shares of stock and/or securities as may be issued or payable in connection with such Reorganization Event with

5

 respect to or in exchange for the number of
Option Shares immediately theretofore purchasable and receivable upon the
exercise of the Option had such Reorganization Event not taken place, and, in
any such case, appropriate provisions shall be made with respect to the rights
and interests of the Director to the end that the provisions hereof (including,
without limitation, provisions for adjustment of the Exercise Price and of the
number of shares purchasable upon the exercise of the Option) shall thereafter
be applicable, as nearly as may be practicable in relation to any shares of
stock or securities thereafter deliverable upon the exercise hereof. The
Corporation shall not effect any transaction described in this subsection (b)
unless the resulting successor or acquiring entity (if not the Corporation)
assumes by written instrument the obligation to deliver to the Director such
shares of stock and/or securities as, in accordance with the foregoing
provisions, the Director may be entitled to purchase. The foregoing
notwithstanding, if the Corporation concludes that it will be unable to satisfy
the conditions of this subsection (b) without a material adverse effect on the
terms of a proposed Reorganization Event, then the Corporation shall have the
option, prior to or contemporaneously with the closing or effective date of such
Reorganization Event, to purchase the Option from the Director at its then fair
value, determined with regard to both the spread between the Exercise Price and
the value of the consideration to be received in the Reorganization Event and
the remaining term of the Option. The Corporation and the Director shall agree
on such fair value or, in the event they are unable to agree, shall submit the
question of fair value to an investment banking firm to be selected by the
Corporation, with the cost of such investment banking firm to be paid by the
Corporation.

      7. Amendment. This Agreement may not be amended except by a writing signed by the Corporation and the Director.

      8. No Director Right. Neither this Agreement nor the Option shall give rise to any entitlement to the Director to continue to be a member of the Board.

      9. No Rights as a Shareholder. The Director shall not have any interest in or shareholder rights with respect to any shares of Common Stock which are subject to the Option until such Option is exercised pursuant to Section 3(a) hereof.

      10. Taxes. As a condition to the issuance of Option Shares hereunder, the Corporation may withhold, or require the Director to pay or reimburse the Corporation for, any taxes which the Corporation determines are required to be withheld under federal, state or local law in connection with the exercise of the Option.

      11. Heirs and Successors. Subject to Section 5 hereof, this Agreement and all terms and conditions hereof shall be binding upon the Corporation and its successors and assigns, and upon the Director and his heirs, legatees and legal representatives.

      12. Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Georgia.

 6

      13. Notices. All notices, requests and other communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given and received when delivered in person, when delivered by overnight delivery service, or three (3) business days after being mailed by registered or certified mail, postage prepaid, return receipt requested, to the following addresses (or to such other address as one party may from time to time designate in writing to the other party hereto):

		
	
      If to the Corporation:

    	
      PTEK Holdings, Inc. 

        3399 Peachtree Road, N.E. 

        The Lenox Building, Suite 600 

        Atlanta, Georgia 30326 

        Attn: Director of Stock Plan Management
	  
	
      If to the Director:

    	________________________
	 	________________________
	 	________________________

      14. Severability. The provisions of this Agreement, and of each separate section and subsection, are severable, and if any one or more provisions may be determined to be illegal or otherwise enforceable, in whole or in part, the remaining provisions, and any unenforceable provisions to the extent enforceable, shall nevertheless be binding and enforceable.

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.

			
	     	 PTEK HOLDINGS, INC.
	 	 	  
	 	 By: _______________________
	 	 	 Name: _______________
	 	 	 Title: ________________
	 	 	  
	 	 	  
	 	 DIRECTOR:
	 	
      _________________________

	 	 Name:

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}]]