Document:

Form of Non-Qualified Stock Option Agreement

 EXHIBIT 10.5 
  
 

 
  
 FIRST DATA CORPORATION 
 LONG-TERM INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT

  

			
	[FirstName] [MI]. [LastName]	  	Option Number: [        ]
	[Address]	  	Plan: [        ]
	[City, State, Postal, Country]	  	ID: [            ]

  
 Effective [Date of Grant], you
have been granted a Non-Qualified Stock Option to buy [Shares Granted] shares of FIRST DATA CORPORATION (the Company) stock at [$Grant PriceUSD] per share. 
  
 Shares in each period will become fully vested on the date shown. 
  

							
	 Shares

	  	 Vest Type

	  	 Full Vest

	  	 Expiration

	[Vest1]	  	On Vest Date	  	[Date1]	  	[Expiration Date]
	[Vest2]	  	On Vest Date	  	[Date2]	  	[Expiration Date]
	[Vest3]	  	On Vest Date	  	[Date3]	  	[Expiration Date]
	[Vest4]	  	On Vest Date	  	[Date4]	  	[Expiration Date]

  
 These options are granted under and
governed by the Terms and Conditions of the First Data Corporation Long-Term Incentive Plan. 
  

			
	 FIRST DATA CORPORATION

		
	 BY:
	 	 
	 	 	 Michael T. Whealy, Secretary

 First Data Corporation 2002 Long-Term Incentive Plan 
 Nonqualified Stock Option Grant—Terms and Conditions 
  

	1.	These Terms and Conditions form part of the Stock Option Agreement (the “Agreement”) that has been sent to you in connection with the grant of a Nonqualified Stock Option
(“Stock Option”) under the First Data Corporation 2002 Long-Term Incentive Plan (the “2002 LTIP”). A copy of the 2002 LTIP is enclosed for your convenience. Any capitalized terms used in this Agreement that are not defined herein
shall have the meaning set forth in the 2002 LTIP. 

  

	2.	The number of common shares of First Data Corporation subject to the Stock Option, and the option exercise price, are specified in the attached document (which forms part of the
Agreement) and are subject to adjustment as described below. 

  

	3.	Subject to other provisions of this Agreement and the terms of the 2002 LTIP, you will “vest,” or have the right to exercise, this Stock Option as follows: [vesting
schedule] 

  
 Notwithstanding any other provision
of the 2002 LTIP or this Agreement, to continue vesting in your award, you must execute and return to the Company an updated, lawful restrictive covenant agreement if requested by the Company. Failure to execute such an agreement will cause your
award to cease vesting, although that portion of your award that is vested prior to the Company requesting you to execute an updated restrictive covenant agreement shall remain vested. 
  

	4.	This Stock Option may not be exercised unless the following conditions are met: 

  

	 	(a)	Legal counsel for the Company must be satisfied at the time of exercise that the issuance of shares upon exercise will comply with applicable U.S. federal, state, local and foreign
laws. 

  

	 	(b)	You pay the exercise price as follows: (i) by giving notice to the Company of the number of whole shares of Common Stock to be purchased and by making payment therefor in full
(or arranging for such payment to the Company’s satisfaction) either (A) in cash, (B) by delivery (either actual delivery or by attestation procedures established by the Company) of Mature Shares having an aggregate Fair Market Value,
determined as of the date of exercise, equal to the aggregate purchase price payable by reason of such exercise, (C) in cash by a broker-dealer acceptable to the Company and in which you have submitted an irrevocable notice of exercise (i.e.,
also known as “cashless exercise”) or (D) by a combination of (A) and (B), (ii) if applicable, by surrendering to the Company any Tandem SARs which are canceled by reason of the exercise of the Stock Option and (iii) by
executing such documents as the Company may reasonably request. 

  

	 	(c)	You must, at all times during the period beginning with the grant date of this Stock Option and ending on the date of such exercise, have been employed by the Company, a Subsidiary
or an Affiliate or have been engaged in a period of Related Employment, with certain exceptions noted below. Service on the Board after receipt of a Stock Option shall not be considered a termination of employment. If you are a non-employee on the
grant date, you must at all times during the period beginning with the grant date of this Stock Option and ending on the date of such exercise, have been providing services to the Company, a Subsidiary or an Affiliate, or have become employed by the
Company, a Subsidiary or an Affiliate following the grant date, or have been engaged in a period of Related Employment, with certain exceptions noted below. 

  

	 	(d)	You have executed and returned to the Company a restrictive covenant agreement containing certain noncompete, nonsolicitation and/or nondisclosure provisions. While a court may
sever any provision in the restrictive covenant agreement, you agree by executing the restrictive covenant agreement that the Company will be relieved of its obligations under this Agreement with respect to current and future stock option awards if
you do not abide by the restrictive covenant agreement as written. 

  

	5.	Absent a period of Related Employment or service on the Board subsequent to the grant date, if you terminate employment while holding Stock Options (or for non-employees, if you
cease providing services to the Company, a Subsidiary or an Affiliate), your right to exercise those Stock Options depends on the reason for your termination. 

	 	(a)	Disability. If your employment with or service to the Company, a Subsidiary or an Affiliate terminates by reason of Disability, each Stock Option shall become fully vested
and exercisable and may thereafter be exercised by you (or your legal representative or similar person) until the date which is one year after the effective date of your termination of employment or service, or if earlier, the expiration date of the
term of such Stock Option. 

  

	 	(b)	Retirement. If your employment with or service to the Company, a Subsidiary or an Affiliate terminates by reason of Retirement, each Stock Option shall continue to vest in
accordance with its terms, and to the extent vested, may thereafter be exercised by you (or your legal representative or similar person) until the date which is four years after the effective date of your termination of employment or service, or if
earlier, the expiration date of the term of such Stock Option. 

  

	 	(c)	Death. If your employment with or service to the Company, a Subsidiary or an Affiliate terminates by reason of death, each Stock Option shall become fully vested and
exercisable and may thereafter be exercised by your executor, administrator, legal representative, beneficiary or similar person until the date which is one year after the date of death, or if earlier, the expiration date of the term of such Stock
Option. 

  

	 	(d)	Involuntary Termination Without Cause. If your employment with or service to the Company, a Subsidiary or an Affiliate is terminated involuntarily and without Cause, each
Stock Option shall cease to vest, and to the extent already vested, may thereafter be exercised by you (or your legal representative or similar person) until the date which is three months after such involuntary termination, or if earlier, the
expiration date of the term of such Stock Option. If you are rehired by the Company within three months of your involuntary termination other than for Cause, you are not considered to have terminated employment under the Plan.

  

	 	(e)	Other Termination. If your employment with or service to the Company terminates for any reason other than Disability, Retirement, death, or involuntary termination without
Cause, each Stock Option shall cease to vest, and to the extent already vested, may thereafter be exercised by you (or your legal representative or similar person) until the close of the New York Stock Exchange (if open) on the date of your
termination of employment or service. If the New York Stock Exchange is closed at the time of your termination of employment, such Stock Option shall be forfeited at the time your employment is terminated and shall be canceled by the Company.

  

	 	(f)	Death Following Termination of Employment or Service. If you die during the applicable Post-Termination Exercise Period, each Stock Option will be exercisable only to the
extent that such Stock Option is exercisable on the date of your death and may thereafter be exercised by your executor, administrator, legal representative, beneficiary or similar person until the date which is one year after the date of death, or
if earlier, the expiration date of the term of such Stock Option. 

  

	6.	This Stock Option may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by you, except by will or the laws of descent and distribution. If you or
anyone claiming under or through you attempts to violate this paragraph 6, the attempted transfer shall be null and void and without effect, and the Company’s obligation to make any further payments with respect to your Stock Option shall
immediately terminate. 

  

	7.	The Committee shall adjust your Stock Option award in the event of a stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of
shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Common Stock other than a regular cash dividend. 

  

	8.	In the event of a Change in Control, each outstanding Stock Option granted to you under the 2002 LTIP shall immediately become fully vested and exercisable. If you are an eligible
participant in a Company severance policy at the time of a Change in Control and your employment with or service to the Company, a Subsidiary or an Affiliate is terminated for an eligible reason under such severance policy during the 24 months
beginning on the effective date of the Change in Control, then each Stock Option granted to you after July 26, 2005 may be exercised by you (or your legal representative or similar person) until the earlier of (a) the end of your
non-conditional severance period under such severance policy or three months after your termination of employment, whichever is later, or (b) the expiration date of the term of such Stock Option. 

	9.	The Board or Committee may amend or terminate the 2002 LTIP and may amend (or their delegate may amend) these Terms and Conditions. No amendment may impair your rights as an option
holder without your consent. The determination of such impairment shall be made by the Committee in its sole discretion. 

  

	10.	The Committee (or its delegate) administers the 2002 LTIP and has discretion to interpret the 2002 LTIP and this Agreement. Any decision or interpretation rendered by the Committee
or its delegate shall be final, conclusive and binding on you and all persons claiming under or through you. By accepting this grant or other benefit under the 2002 LTIP, you and each person claiming under or through you shall be conclusively deemed
to have indicated acceptance and ratification of, and consent to, any action taken under the 2002 LTIP by the Committee or its delegate. 

  

	11.	The validity, construction, interpretation, administration and effect of the 2002 LTIP and this Agreement shall be governed by the substantive laws, but not the choice of law rules,
of the State of Delaware.Form of Non-Qualified Purchased Stock Option Agreement

 EXHIBIT 10.6 
  
 FIRST DATA CORPORATION 1993 DIRECTOR’S STOCK OPTION PLAN 
  
 TERMS AND CONDITIONS 
  

	1.	Pursuant to the First Data Corporation 1993 Director’s Stock Option Plan (the “Plan”), First Data Corporation (the “Company”) hereby sells to you, upon
payment by you to the Company of the aggregate Purchase Price specified in the attached certificate (which, together with these Terms and Conditions form the Stock Option Agreement (the “Agreement”)), as of the Date of Grant specified in
the attached certificate, a nonqualified stock option to purchase the number of shares of common stock (par value $0.01 per share) of the Company specified in the attached certificate at the Option Price Per Share specified in the attached
certificate (the “Option”), which number of shares and price per share may be adjusted pursuant to Paragraph 7 below. 

  

	2.	The terms of the Plan are hereby incorporated in this instrument by reference and made a part hereof. 

  

	3.	You must pay the aggregate Purchase Price specified in the attached certificate for the Option being acquired hereunder by waiving fee payments for services to be performed by you
as a Non-Employee Director pursuant to procedures established by the Compensation and Benefits Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company. In the event that for any reason you are not
entitled to receive such fee payments (other than as a result of a waiver in connection with the Agreement), the Committee shall cancel the Option as to a number of shares equal to the whole number (rounded-up) determined by (i) subtracting the
fee payments to which you would have been entitled (in the absence of the waiver) from the amount waived, and (ii) dividing the difference by the Purchase Price Per Share specified in the attached certificate. 

  

	4.	Subject to the provisions of the Agreement and the applicable provisions of the Plan, at any time or times on or after the Date of Grant specified in the attached certificate, but
not later than the tenth anniversary of such Date of Grant, you may exercise this Option as to the number of shares of common stock which, when added to the number of shares of common stock as to which you have theretofore exercised this Option, if
any, will not exceed the total number of shares of common stock covered hereby. This Option may not be exercised for a fraction of a share of common stock of the Company. 

  

	5.	Shares of common stock shall not be issued upon exercise of the Option unless each of the following conditions are met: 

  
 (a) Legal counsel for the Company must be satisfied at the time of exercise
that the issuance of shares upon exercise will be in compliance with the Securities Act of 1933, as amended, applicable U.S. federal, state and local laws and foreign laws; and 
  
 (b) You (or any person acting under Paragraph 6 below) must pay at the time of exercise the full purchase price for the
shares of common stock being acquired hereunder, by (i) paying in United States dollars by cash or check, (ii) tendering shares of common stock owned by you which have a fair market value equal to the full purchase price for the shares
being acquired, such fair market value to be equal to the greater of the average of the high and low transaction prices of a share of common stock as reported in the New York Stock Exchange Composite Transactions Tape on the Date of Grant (or, if
there are no reported transactions for such date, on the next preceding date for which transactions were reported), or the average of the closing prices of a share of common stock on each trading day within the 30 calendar day period ending on the
Date of Grant as reported on the New York Stock Exchange Composite Transactions Tape or (iii) tendering a combination of the forms of payment provided for in Subparagraphs 5(b)(i) and 5(b)(ii) above. 
  

	6.	This Option may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by you, except by will or the laws of descent and distribution, and is exercisable
during your lifetime only by you; provided, however, that this Option may be transferred by you without consideration (except in the case of a transfer to a limited liability company or partnership (limited or general) which is a “Family
Entity,” in which case such transfer may be in exchange for consideration permitted by this Paragraph 6) and in accordance with the other provisions of this Paragraph 6 to one or more, as of the date of such transfer, “Family Members”
and, to the extent so transferred, your right to exercise this Option shall thereafter be exercisable by such permitted transferee(s) in accordance with terms hereof. 

  
 As used in this Paragraph 6, the term “Family Member” shall mean any Family Entity or any spouse, parent, child,
stepchild, grandchild, sibling, mother or father-in-law, son or daughter-in-law, stepparent, grandparent, former spouse, niece, nephew or brother or sister-in-law, including adoptive relationships. As used in this Paragraph 6, the term “Family
Entity” shall mean a trust the beneficiaries of which consist solely of you and/or one or more persons set forth in 

 
the immediately preceding sentence or a foundation, limited liability company or partnership (limited or general) whose members or partners, as the case may
be, consist solely of you and/or one or more of such persons. Subject to the other provisions of this Paragraph 6, in the case of a transfer of this Option to a limited liability company or a partnership which is a Family Entity, such transfer may
be for consideration consisting solely of an equity interest in the limited liability company or partnership to which the transfer is made. 
  
 Any transfer of this Option, or any portion hereof, shall be in a form acceptable to the Committee, shall be signed by you and shall be effective only
upon written acknowledgement by a member of the Committee of the Committee’s receipt and acceptance of the signed notice of transfer. Any transfer of this Option, or any portion hereof, shall also be subject to the satisfaction of the
Company’s General Counsel that such transfer will be compliance with applicable law. If this Option is transferred to a Family Member pursuant to this Paragraph 6, it shall not thereafter be sold, assigned, transferred, pledged, hypothecated or
otherwise disposed of by such Family Member, except by will or the laws of descent and distribution. If you or a permitted transferee or anyone claiming under or through you or a permitted transferee attempts to violate this Paragraph 6, such
attempted violation shall be null and void, and the Company’s obligation to make any further payments (stock or cash) hereunder shall terminate. The applicable requirements of Paragraph 5 above must be satisfied at the time of exercise of this
Option by a permitted transferee or anyone claiming under or through a permitted transferee. Subsequent to a transfer of this Option, or a portion hereof, pursuant to this Paragraph 6, any actions which would otherwise require your consent shall,
with respect to the portion of this Option so transferred, require only the consent of the permitted transferee(s). In the event of a transfer, the Company shall, upon surrender to it of the Agreement, deliver one or more new Option agreements, as
necessary, to appropriately reflect such transfer. 
  

	7.	In the event of any change in the outstanding shares of common stock of the Company by reason of any stock split, stock dividend, split-up, split-off, spin-off, recapitalization,
merger, consolidation, rights offering, reorganization, combination or exchange of shares, sale by the Company of all or part of its assets, distribution to stockholders other than a normal cash dividend, or other similar change in capitalization or
change in common stock occurring after the Date of Grant specified in the attached certificate and prior to the Option’s exercise in full, the number and kind of shares for which this Option may be exercised and the Option Price Per Share shall
be adjusted so as to reflect such change, all as determined by the Committee in its sole discretion. 

  

	8.	Notwithstanding the expiration date set forth in Paragraph 4, in the event the Company is involved in a business combination which is intended to be treated as a pooling of
interests for financial accounting purposes (a “Pooling Transaction”) or pursuant to which you receive a substitute option to purchase securities of any entity, including an entity directly or indirectly acquiring the Company, then each
Option (or option in substitution thereof) held by you shall be exercisable until and including the latest of (x) the tenth anniversary of the Date of Grant, (y) the date which is six months and one day after the consummation of such
business combination, and (z) the date which is ten business days after the date of expiration of any period during which you may not dispose of a security issued in the Pooling Transaction in order for the Pooling Transaction to be accounted
for as a pooling of interests. 

  

	9.	In the event that you cease to be a Non-Employee Director for any reason, you (or any person acting under Paragraph 6 above) will continue to have the right to exercise this Option
in accordance with the other provisions of the Agreement and the applicable provisions of the Plan until and including the tenth anniversary of the Date of Grant specified in the attached certificate. 

  

	10.	It shall be a condition to the obligation of the Company to issue shares of common stock upon exercise of this Option (a) that you pay to the Company or its designee, upon its
demand, such amount as may be demanded for the purpose of satisfying its obligation or the obligation of any of its Affiliates or other person to withhold U.S. federal, state and local or foreign income, employment or other taxes incurred by reason
of the exercise of this Option or the transfer of shares thereupon, and (b) that you (or any person acting under Paragraph 6 above) provide the Company with any forms, documents or other information reasonably required by the Company in
connection with the exercise. You may satisfy your obligation to pay such amount by any of the methods set forth in Paragraph 5(b) above or by authorizing the Company to withhold from the shares of common stock purchased by you pursuant to the
exercise shares of common stock having a fair market value on the date of exercise equal to the withholding amount. If the amount requested for the purpose of satisfying the withholding obligation is not paid, the Company may refuse to issue shares
of common stock upon exercise of this Option. 

  

	11.	 The terms of the Agreement may be amended from time to time by the Committee in its sole discretion in any manner that it deems appropriate; provided, however, that
(i) no such amendment shall adversely affect in a material manner any right of yours under the Agreement without your written consent and (ii) subject to Paragraph 7 above, no such 

	 	 
amendment shall reduce the Option Price Per Share specified in the attached certificate unless the Company’s stockholders approve such amendment.

  

	12.	Any action taken or decision made by the Committee or its delegates arising out of or in connection with the construction, administration, interpretation or effect of the Plan or
the Agreement shall lie within its sole and absolute discretion, and shall be final, conclusive and binding on you and all persons claiming under or through you. By accepting this grant or other benefit under the Plan, you and each person claiming
under or through you shall be conclusively deemed to have indicated acceptance and ratification of, and consent to, any action taken under the Plan by the Company, the Board, the Committee or their delegates. 

  

	13.	The validity, construction, interpretation, administration and effect of the Plan, and of its rules and regulations, and rights relating to the Plan and to the Agreement, shall be
governed by the substantive laws, but not the choice of law rules, of the State of Delaware.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]