Document:

Form of Director Indemnification Agreement

 Exhibit 10.24 
 DIRECTOR INDEMNIFICATION AGREEMENT 
 Indemnification Agreement (this “Agreement”),
dated as of                     , 2005 between First Data Corporation, a Delaware corporation (the “Company”), and
             (“Indemnitee”). 
 WITNESSETH:

 WHEREAS, highly competent persons have become more reluctant to serve as directors of publicly-held corporations unless they are provided
with adequate protection through insurance and indemnification against risks of claims and actions against them arising out of their service to and activities on behalf of the corporation. 
 WHEREAS, directors are increasingly being subjected to expensive and time-consuming litigation relating to, among other things, matters that
traditionally would have been brought only against the corporation itself. 
 WHEREAS, the Board of Directors of the Company (the
“Board”) has determined that, in order to attract and retain qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and its
subsidiaries from certain liabilities. Nevertheless, the Board recognizes the limitations on the protection provided by liability insurance and the uncertainties as to the scope and level of such coverage that may be available in the future.

 WHEREAS, the Company’s directors have certain existing indemnification arrangements pursuant to the Company’s certificate of
incorporation and bylaws and may be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (“DGCL”). Nevertheless, the Board recognizes the limitations on the protection provided by such
indemnification and the uncertainties as to its availability in any particular situation. 
 WHEREAS, the Board believes that in light of the
limitations and uncertainties about the protection provided by the Company’s liability insurance and existing indemnification arrangements and the impact these uncertainties may have on the Company’s ability to attract and retain qualified
individuals to serve as directors, the Company should act to assure such persons that there will be increased certainty of such protection in the future. 
 WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law so
that they will serve or continue to serve the Company free from undue concern that they will not be adequately protected. 
 WHEREAS,
Indemnitee is concerned that the protection provided under the Company’s liability insurance and existing indemnification arrangements may not be adequate and may not be willing to serve as a director of the Company without greater certainty
concerning such protection, and the Company desires Indemnitee to serve in such capacity and is willing to provide such greater certainty. 
 NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
 ARTICLE 1 
 CERTAIN DEFINITIONS 
 (a) As used in this Agreement: 
 “Change in Control” shall be deemed to have occurred in any one of the following circumstances occurring after the date hereof: (i) there shall have occurred an event required to be reported with respect to the Company
in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) under the Exchange Act, regardless of whether the Company is then subject to such reporting requirement;
(ii) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) shall have become, without prior approval of the Company’s Board, the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 15% or more of the combined voting power of the Company’s then outstanding voting securities (provided that as used in this clause (ii), the
term “person” shall exclude a trustee or other fiduciary holding securities under an employee benefit plan of the Company); (iii) there occurs a merger or consolidation of the Company with any other entity, other than a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the
surviving or resulting entity) more than 51% of the combined voting power of the voting securities of the surviving or resulting entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of

 the board of directors or other governing body of such surviving or resulting entity; (iv) all or substantially all
the assets of the Company are sold or otherwise disposed of in a transaction or series of related transactions; (v) the approval by the stockholders of the Company of a complete liquidation of the Company or the sale or other disposition of all
or substantially all of the assets of the Company; or (vi) the individuals who on the date hereof constitute the Board (including, for this purpose, any new director whose election or nomination for election by the Company’s stockholders
was approved by a vote of at least a majority of the directors then still in office who were directors on the date hereof or whose election or nomination was so approved) cease for any reason to constitute at least a majority of the members of the
Board. 
 “Corporate Status” means the status of a person who is or was a director, officer, employee or agent of the
Company or who is or was serving at the request of the Company as a director, officer, employee or agent of any other Enterprise. 
 “Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification or advancement of expenses is sought by Indemnitee. 
 “Enterprise” means any corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other person
or enterprise. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Expenses” means all costs and expenses (including, without limitation, fees and expenses of counsel, retainers, court costs, transcript
costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage and delivery service fees) incurred in connection with prosecuting, defending, preparing to prosecute or defend,
investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses shall include expenses incurred in connection with any appeal resulting from any Proceeding including, without limitation, the premium,
security for and other costs relating to any cost bond, supersedeas bond or other appeal bond or its equivalent. 
 “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporate law and neither currently is, nor in the five years previous to its selection or appointment has been, retained to represent (i) the
Company or Indemnitee in any matter material to either such party (provided that acting as an Independent Counsel under this Agreement or in a similar capacity with respect to any other indemnification arrangements between the Company and its
present or former directors shall not be deemed a representation of the Company or Indemnitee) or (ii) any other party to the Proceeding giving rise to a claim for indemnification or advancement of expenses hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. 
 “Liabilities” means all judgments, fines (including
any excise taxes assessed with respect to any employee benefit plan), penalties and amounts paid in settlement and other liabilities (including all interest, assessments and other charges paid or payable in connection with or in respect of any such
amounts) arising out of or in connection with any Proceeding; provided that Liabilities shall not include any Expenses. 
 “person” means an individual, corporation, partnership, limited liability company, association, trust or other entity or organization. 
 “Proceeding” includes any threatened, pending or completed action, suit or other proceeding (which shall include an arbitration or other alternate dispute resolution mechanism or an inquiry,
investigation or administrative hearing), whether civil, criminal, administrative or investigative in nature (including any appeal therefrom) and whether instituted by or on behalf of the Company or any other party, in any such case, in which
Indemnitee was, is or may be involved as a party or otherwise by reason of any Corporate Status of Indemnitee or by reason of any action taken (or failure to act) by him or on his part while serving in any Corporate Status (in each case, whether or
not serving in such capacity at the time any liability or expense is incurred for which indemnification or advancement of expenses can be provided under this Agreement), or any inquiry or investigation that Indemnitee in good faith believes might
lead to the institution of any such action, suit or other proceeding; provided that Proceeding shall not include an action, suit or other proceeding contemplated by Section 8.06(b). 
 (b) For the purposes of this Agreement: 
 References to the “Company” shall include, in addition to the surviving or resulting corporation in any merger or consolidation, any constituent corporation (including any constituent of a constituent) absorbed in a merger
or consolidation which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent
corporation or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another Enterprise, then Indemnitee shall stand in the same position under the provisions of this Agreement with respect to
the surviving or resulting corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 

 References to “director, officer, employee or agent” shall include a trustee, general
partner, managing member, fiduciary or board of directors’ committee member. 
 References to “serving at the request of the
Company” shall include any service as a director, officer, employee or agent of the Company or any other Enterprise which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee
benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner such person reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to
have acted in a manner “not opposed to the best interests of the Company”. 
 ARTICLE 2 
 SERVICES BY INDEMNITEE 
 Section 2.01. Services By Indemnitee. Indemnitee hereby agrees to serve or continue to serve as a director of the Company, for so long as Indemnitee is duly elected or appointed or until Indemnitee tenders
his resignation or is removed. 
 ARTICLE 3 
 INDEMNIFICATION 
 Section 3.01. General. (a) The Company hereby agrees to
and shall indemnify Indemnitee and hold him harmless, to the fullest extent permitted by applicable law, from and against any and all Expenses and Liabilities actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in
connection with a Proceeding. The phrase “to the fullest extent permitted by applicable law” shall include: 
 (i)
to the fullest extent permitted by the DGCL as in effect on the date of this Agreement, and 
 (ii) to the fullest extent
authorized or permitted by any amendments to or replacements of the DGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 
 (b) To the extent that Indemnitee is a party to (or a participant in) and is successful, on the merits or otherwise, in the defense of any Proceeding or
any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is successful, on the merits or otherwise, as to one or
more but less than all claims, issues or matters in any Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or
matter and any claim, issue or matter related to each such successfully resolved claim, issue or matter. For purposes of this Section 3.01(b) and without limitation, the termination of any Proceeding or any claim, issue or matter in a
Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such Proceeding, claim, issue or matter. 
 (c) To the extent that Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf
in connection therewith. 
 Section 3.02. Exclusions. Notwithstanding any provision of this Agreement to the contrary (including
Section 3.01 and Section 4.01), the Company shall not be obligated under this Agreement to indemnify (or advance expenses) in connection with: 
 (a) any claim made against Indemnitee (i) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company pursuant to Section 16(b) of the
Exchange Act or similar provisions of state statutory law or common law or (ii) for reimbursement to the Company of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of
securities of the Company in each case as required under the Exchange Act; 
 (b) except for an action, suit or other proceeding contemplated
by Section 8.06(b), any action, suit or other proceeding (or part thereof) initiated by Indemnitee (including any such action, suit or other proceeding (or part thereof) initiated by Indemnitee against the Company or its directors, officers,
employees, agents or other indemnitees), unless (i) the Board authorized the action, suit or other proceeding (or part thereof) prior to its initiation or (ii) the Company provides the indemnification, in its sole discretion, pursuant to
the powers vested in the Company under applicable law; or 
 (c) any claim, issue or matter in a Proceeding by or in the right of the Company
to procure a judgment in its favor as to which Indemnitee shall have been adjudged to be liable to the Company unless and only to the extent the Delaware Chancery Court or the court in which such Proceeding was brought shall determine upon
application that, despite the adjudication of liability but in view of all circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such expenses which the Delaware Chancery Court or such other court shall deem
proper. 

 ARTICLE 4 
 ADVANCEMENT OF EXPENSES; DEFENSE OF CLAIMS 
 Section 4.01. Advances. The Company shall advance any Expenses incurred by Indemnitee or on his behalf in connection with a Proceeding within 20 days after receipt by the Company of a written request for
advancement of expenses, which request may be delivered to the Company at such time and from time to time as Indemnitee deems appropriate in his sole discretion (whether prior to or after final disposition of any such Proceeding). Advances shall be
made without regard to Indemnitee’s ability to repay such amounts and without regard to Indemnitee’s ultimate entitlement to indemnification under this Agreement or otherwise. Any such advances shall be made on an unsecured basis and be
interest free. 
 Section 4.02. Repayment of Advances or Other Expenses. Indemnitee agrees that Indemnitee shall reimburse the
Company for all amounts advanced by the Company pursuant to Section 4.01 if it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company for such Expenses. Notwithstanding the foregoing, if Indemnitee seeks a
judicial adjudication or an arbitration pursuant to Section 6.01(a), Indemnitee shall not be required to reimburse the Company pursuant to this Section 4.02 until a final determination (as to which all rights of appeal have been exhausted
or lapsed) has been made. 
 Section 4.03. Defense Of Claims. The Company will be entitled to participate in any Proceeding at
its own expense. The Company shall not settle any Proceeding (in whole or in part) which would impose any Expense, Liability or limitation on Indemnitee without Indemnitee’s prior written consent, such consent not to be unreasonably withheld.
Indemnitee shall not settle any Proceeding (in whole or in part) which would impose any Expense, Liability or limitation on the Company without the Company’s prior written consent, such consent not to be unreasonably withheld. 
 ARTICLE 5 
 PROCEDURES
FOR NOTIFICATION OF AND DETERMINATION OF ENTITLEMENT TO INDEMNIFICATION 
 Section 5.01. Request For Indemnification. (a) Indemnitee shall notify the Company in writing as soon as reasonably practicable
(i) after being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or (ii) if the Company has not been previously notified, after receipt of written notice of any
other matter with respect to which Indemnitee intends to seek indemnification or advancement of expenses under Section 3.01 and Section 4.01. The omission by Indemnitee to so notify the Company will not relieve the Company from any
liability which it may have to Indemnitee (i) under this Agreement except and only to the extent the Company can establish that such omission to notify resulted in actual material prejudice to the Company or (ii) otherwise than under this
Agreement. 
 (b) Indemnitee may thereafter deliver to the Company a written request for indemnification pursuant to this Agreement at such
time and from time to time as Indemnitee deems appropriate in his sole discretion, which request shall also be deemed a request for advancement of expenses under Section 4.01. 
 Section 5.02. Determination of Entitlement. (a) Except as otherwise provided pursuant to Section 3.01(b) and Section 3.01(c),
upon the final disposition of the matter that is the subject of the request for indemnification delivered pursuant to Section 5.01(b), a determination shall be made with respect to Indemnitee’s entitlement thereto in the specific case. If
a Change in Control shall not have occurred, such determination shall be made (i) by a majority vote of the Disinterested Directors or of a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors (in
either case, even though less than a quorum of the Board) or (ii) if there are no Disinterested Director or the Disinterested Directors so direct, by Independent Counsel. If a Change in Control shall have occurred, such determination shall be
made by Independent Counsel. Any determination made by Independent Counsel pursuant to this Section 5.02(a) shall be in the form of a written opinion to the Board, a copy of which shall be delivered to Indemnitee. Indemnitee shall reasonably
cooperate with the person or persons making such determination including providing to such person or persons upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is
reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including fees and expenses of counsel) incurred by Indemnitee in so cooperating with the person or persons making such determination shall be
borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification), and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 
 (b) If the determination is to be made by Independent Counsel, such Independent Counsel shall be selected as provided in this Section 5.02(b). If a
Change in Control shall not have occurred, the Independent Counsel shall be selected by the Board, and the Company shall give written notice to Indemnitee advising him of the identity of the Independent Counsel so selected. If a Change in Control
shall have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board, in which event the preceding sentence shall apply), and 

 Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected.
In either case, the party receiving the notice may, within 10 days after receipt thereof, deliver to the other a written objection to such selection; provided that such objection may be asserted only on the ground that the Independent Counsel
so selected does not meet the requirements of “Independent Counsel” as defined in Article 1 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection,
the person so selected shall act as Independent Counsel. If a proper and timely objection is made, the counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court of competent jurisdiction (or, at
Indemnitee’s option pursuant to Section 6.01, an arbitration) has determined that such objection is without merit. If, within 20 days after receipt by the Company of a request for indemnification pursuant to Section 5.01(b), no
Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction (or, at Indemnitee’s option pursuant to Section 6.01, an arbitration) for resolution of any
objection which shall have been made to the selection of Independent Counsel and/or for the appointment of another person as Independent Counsel, and the person with respect to whom all objections are so resolved or the person so appointed shall act
as Independent Counsel. The Company agrees to pay the reasonable fees and expenses of any Independent Counsel appointed pursuant to this Section and to indemnify such person against any and all expenses, claims, liabilities and damages arising out
of or relating to this Agreement or its engagement pursuant hereto except for gross negligence or willful misconduct. 
 (c) If it is
determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within 10 days after such determination. 
 Section 5.03. Presumptions and Burdens of Proof; Effect of Certain Proceedings. (a) In making any determination as to Indemnitee’s entitlement to indemnification hereunder, Indemnitee shall be entitled to a presumption
that he is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 5.01(b), and the Company shall have the burdens of coming forward with evidence and of persuasion
to overcome that presumption. 
 (b) The termination of any Proceeding or of any claim, issue or matter therein by judgment, order,
settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not of itself create a presumption (i) that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the
best interests of the Company, (ii) that with respect to any criminal Proceeding, Indemnitee had reasonable cause to believe that his conduct was unlawful or (iii) that Indemnitee did not otherwise satisfy the applicable standard of
conduct to be indemnified pursuant to this Agreement. 
 (c) For purposes of any determination of good faith, Indemnitee shall be deemed to
have acted in good faith if Indemnitee’s action is based on the records or books of account of the Company or other Enterprise, as applicable, including financial statements, or on information supplied to Indemnitee by the officers of such
entity in the course of their duties, or on the advice of legal counsel for such entity or on information or records given or reports made to such entity by an independent certified public accountant, appraiser or other expert selected with
reasonable care by such entity. The provisions of this Section 5.03(c) shall not be deemed to be exclusive or to limit in any way other circumstances in which Indemnitee may be deemed or found to have met the applicable standard of conduct to
be indemnified pursuant to this Agreement. 
 (d) The knowledge or actions or failure to act of any other director, officer, employee or
agent of the Company or other Enterprise, as applicable, shall not be imputed to Indemnitee for purposes of determining Indemnitee’s right to indemnification under this Agreement. 
 (e) If a determination as to Indemnitee’s entitlement to indemnification shall not have been made pursuant to this Agreement within 60 days after
the final disposition of the matter that is the subject of the request for indemnification, the requisite determination of entitlement to indemnification shall be deemed to have been made in favor of Indemnitee, and Indemnitee shall be entitled to
such indemnification, absent a misstatement of a material fact in the information provided by Indemnitee pursuant to Section 5.01(b) and Section 5.02(a) or an omission of a material fact necessary in order to make the information provided
not misleading; provided that such 60-day period may be extended for a reasonable time, not to exceed an additional 30 days, if the person or persons making the determination in good faith requires such additional time to obtain or evaluate
any documentation or information relating thereto. 
 ARTICLE 6 
 REMEDIES OF INDEMNITEE 
 Section 6.01. Adjudication or
Arbitration. (a) Indemnitee shall be entitled to an adjudication (by a court of competent jurisdiction or, at Indemnitee’s option, through an arbitration conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of
the American Arbitration Association) of any determination pursuant to Section 5.02 that Indemnitee is not entitled to indemnification under this Agreement. Any such adjudication shall be conducted in all respects as a de novo trial or
arbitration on the merits, and any prior adverse determination shall not be referred to or introduced into evidence, create a presumption that Indemnitee is not entitled to indemnification or advancement of expenses, be a defense or otherwise
adversely affect Indemnitee. In any such judicial proceeding or arbitration, the provisions of Section 5.03 (including the presumption in favor of Indemnitee and the burdens on the Company) shall apply. 

 (b) Indemnitee shall also be entitled to an adjudication (by a court of competent jurisdiction or, at
Indemnitee’s option, through an arbitration as described above) of any other disputes under this Agreement. 
 (c) If a determination
shall have been made pursuant to Section 5.02 that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 6.01, absent a
misstatement of a material fact in the information provided by Indemnitee pursuant to Section 5.01(b) and Section 5.02(a) or an omission of a material fact necessary in order to make the information provided not misleading. 
 (d) In connection with any judicial proceeding or arbitration commenced pursuant to this Section 6.01, the Company shall not oppose
Indemnitee’s right to seek such adjudication, shall be precluded from asserting that the procedures and presumptions of this Agreement are not valid, binding or enforceable and shall stipulate in any such court or before any such arbitrator
that the Company is bound by all of the provisions of this Agreement. 
 ARTICLE 7 
 DIRECTORS’ AND OFFICERS’ LIABILITY INSURANCE 
 Section 7.01. D&O Liability Insurance. (a) The Company shall obtain and maintain a policy or policies of insurance (“D&O
Liability Insurance”) with reputable insurance companies providing liability insurance for directors of the Company in their capacities as such (and for any capacity in which any director of the Company serves any other Enterprise at the
request of the Company), in respect of acts or omissions occurring while serving in such capacity, on terms with respect to coverage and amount (including with respect to the payment of expenses) no less favorable than those of such policy in effect
on the date hereof except for any changes approved by the Board prior to a Change in Control. 
 (b) Indemnitee shall be covered by the
Company’s D&O Liability Insurance policies as in effect from time to time in accordance with the applicable terms to the maximum extent of the coverage available for any other director under such policy or policies. The Company shall,
promptly after receiving notice of a Proceeding as to which Indemnitee is a party or a participant (as a witness or otherwise), give notice of such Proceeding to the insurers under the Company’s D&O Liability Insurance policies in
accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable actions to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in
accordance with the terms of such policies. The failure or refusal of any such insurer to pay any such amount shall not affect or impair the obligations of the Company under this Agreement. 
 (c) Upon request by Indemnitee, the Company shall provide to Indemnitee copies of the D&O Liability Insurance policies as in effect from time to
time. The Company shall promptly notify Indemnitee of any material changes in such insurance coverage. 
 ARTICLE 8 
 MISCELLANEOUS 
 Section 8.01. Nonexclusivity of Rights. The rights of indemnification and advancement of expenses provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled to
under applicable law, the Company’s certificate of incorporation or bylaws, any other agreement, any vote of stockholders or resolution of directors or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof
shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in Delaware law,
whether by statute or judicial decision, permits greater indemnification or advancement of expenses than would be afforded currently under this Agreement, it is the intent of the parties hereto that Indemnitee shall be entitled under this Agreement
to the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every right and remedy shall be cumulative and in addition to every other right and remedy given
hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder or otherwise shall not prevent the concurrent assertion or employment of any other right or remedy. 
 Section 8.02. Subrogation, etc. (a) In the event of any payment under this Agreement, the Company shall be subrogated to the extent of
such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all actions necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to
enforce such rights. 
 (b) The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable
hereunder (or for which advancement is provided hereunder) if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 

 (c) The Company’s obligation to indemnify or advance expenses hereunder to Indemnitee who is or was
serving at the request of the Company as a director, officer, employee or agent of any other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such Enterprise. 

Section 8.03. Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement
is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee or on his behalf, whether for Liabilities and/or Expenses in connection with a Proceeding
or other expenses relating to an indemnifiable event or transaction under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such action, suit or other proceeding in order to reflect
(i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving rise to such action, suit or other proceeding; and/or (ii) the relative fault of the Company (and its directors,
officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 
 Section 8.04. Amendment.
This Agreement may not be modified or amended except by a written instrument executed by or on behalf of each of the parties hereto. 
 Section 8.05. Waivers. The observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a writing signed by the party against which such
waiver is to be asserted. Unless otherwise expressly provided herein, no delay on the part of any party hereto in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party
hereto of any right, power or privilege hereunder operate as a waiver of any other right, power or privilege hereunder nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof
or the exercise of any other right, power or privilege hereunder. 
 Section 8.06. Expenses. (a) The Company shall pay all
costs and expenses (including fees and expenses of counsel) incurred by the Company and Indemnitee in connection with the preparation of this Agreement. 
 (b) The Company shall indemnify and hold Indemnitee harmless from any and all costs and expenses (including fees and expenses of counsel) actually and reasonably incurred by Indemnitee or on his behalf in seeking
(whether through a judicial proceeding or arbitration (including any appeal resulting therefrom) or otherwise) to enforce any rights against the Company for indemnification or advancement of expenses (whether under this Agreement or otherwise) or to
recover under any liability insurance policy maintained by any person for the benefit of Indemnitee in connection with the performance of his duties for or on behalf of the Company, in each case, whether or not Indemnitee is successful (in whole or
in part) with respect to his claims. The Company shall pay (or reimburse Indemnitee for the payment of) any such costs or expenses within 20 days after receipt by the Company of a written request for the payment of such amounts, which request may be
delivered to the Company at such time or from time to time as Indemnitee deems appropriate in his sole discretion (whether prior to or after final disposition of any such matter). Indemnitee shall have no obligation to reimburse any amounts paid by
the Company pursuant to this Section 8.06(b). 
 Section 8.07. Entire Agreement. This Agreement constitutes the entire
agreement between the parties hereto with respect to the matters covered herein and supersedes all prior oral or written understandings or agreements with respect to the matters covered herein. This Section 8.07 shall not be construed to limit
any other rights Indemnitee may have under the Company’s certificate of incorporation or bylaws, applicable law or otherwise. 
 Section 8.08. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining
provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in
any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum
effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 
 Section 8.09. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given (a) if delivered by hand or by
courier and receipted for by the party to whom said notice or other communication shall have been directed, (b) if mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed or
(c) if sent by facsimile transmission and fax confirmation is received, on the next business day following the date on which such facsimile transmission was sent. Addresses for notice to either party are as shown on the signature page of this
Agreement, or such other address as any party shall have given by written notice to the other party as provided above. 

 Section 8.10. Binding Effect. (a) The Company expressly confirms and agrees that it has
entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director of
the Company. 
 (b) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their
respective successors and permitted assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company, heirs, executors, administrators or
other successors. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially all or a substantial part of the business or assets of the Company, by written
agreement in the form and substance reasonably satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the manner and to the same extent that the Company would be required to perform if no such succession had taken
place. 
 (c) The indemnification and advancement of expenses provided by this Agreement shall continue as to a person who has ceased to be a
director, officer, employee or agent or is deceased and shall inure to the benefit of the heirs, executors, administrators or other successors of the estate of such person. 
 Section 8.11. Governing Law. This Agreement and the legal relations among the parties hereto shall be governed by, and construed and enforced
in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. 
 Section 8.12. Consent To
Jurisdiction. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 6.01, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action, suit or other proceeding arising out of
or in connection with this Agreement shall be brought only in the Delaware Chancery Court and any court to which an appeal may be taken in such action, suit or other proceeding (the “Delaware Court”), and not in any other state or
federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action, suit or other proceeding arising out of or in connection
with this Agreement, (iii) waive any objection to the laying of venue of any such action, suit or other proceeding in the Delaware Court, and (iv) waive, and agree not to plead or to make, any claim that any such action, suit or other
proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum. 
 Section 8.13. Headings. The
Article and Section headings in this Agreement are for convenience of reference only, and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 
 Section 8.14. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be
an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 
 Section 8.15. Use of Certain Terms. As used in this Agreement, the words “herein,” “hereof,” and “hereunder”
and other words of similar import refer to this Agreement as a whole and not to any particular paragraph, subparagraph, section, subsection, or other subdivision. Whenever the context may require, any pronoun used in this Agreement shall include the
corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa. 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered to be effective as of the date
first above written. 
  

			
	FIRST DATA CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Address:	 	
	Facsimile:	 	
	Attention:	 	
	
	With a copy to:
		
	Address:	 	
	Facsimile:	 	
	Attention:	 	
	
	[INDEMNITEE]
	
	  

	Address:	 	
	Facsimile:	 	
	
	With a copy to:
		
	Address:	 	
	Facsimile:	 	
	Attention:Retirement and Consulting Agreement between the Registrant and Charles T. Fote

 Exhibit 10.25 
 RETIREMENT AND CONSULTING AGREEMENT 
 RETIREMENT AND CONSULTING AGREEMENT, dated as of
November 26, 2005, by and between FIRST DATA CORPORATION, a Delaware corporation (the “Company”), and CHARLES T. FOTE (“Executive”). 
 WHEREAS, Executive is currently serving as the Chairman of the Board of Directors and Chief Executive Officer of the Company; 
 WHEREAS, Executive has expressed his desire to retire from employment with the Company; 
 WHEREAS, Executive
has provided loyal and valuable service to the Company and the Company recognizes Executive’s significant contribution to the Company and its shareholders; 
 WHEREAS, the Company believes that it is in its best interests to facilitate such retirement in a manner that allows it to effect a smooth transition of authority, to retain access to the services of Executive and to
secure certain covenants from Executive; and 
 WHEREAS, Executive is willing to continue to provide services to the Company on the terms and
conditions hereinafter set forth; 
 NOW, THEREFORE, in consideration of their mutual promises, the Company and Executive agree as follows:

 1. Resignation; Continuing Board Membership. Effective as of the date hereof, Executive hereby resigns
(i) (A) as Chief Executive Officer of the Company and (B) from each other officer or executive position held with the Company and each directorship, officer or executive position held with each of the
Company’s subsidiaries or affiliates, in each case effective immediately, and (ii) as Chairman of the Board of Directors and as an employee of the Company and each of its subsidiaries and affiliates, effective as of December 31, 2005.
Executive’s resignation under the immediately preceding sentence shall constitute a retirement with respect to the Company’s applicable compensatory plans, programs and arrangements. Executive shall continue as a member of the Board of
Directors (the “Board”) until the annual meeting of shareholders in 2006, which is expected to occur on May 10, 2006, as of which time he hereby resigns as a director. Executive agrees and acknowledges that, even though his employment
will end prior to his service as a member of the Board, he will not be treated as a non-employee director under the Company’s compensation plans, policies and practices for the period from January 1, 2006 through the effective date of his
resignation from the Board and will receive no compensation for such services in addition to the compensation set forth herein. 
 2.
Consulting Services. During the period beginning on January 1, 2006 and continuing until June 30, 2007 (the “Consulting Period”), Executive shall provide to the Company consulting services commensurate with his status and
experience with respect to such matters as shall be reasonably requested from time to time by the Board, or the Chief Executive Officer; provided, however, that Executive shall not be required to commit more than twenty percent of his business time
in any given calendar month to the performance of such services. Executive shall not, solely by virtue of the consulting services provided hereunder, be considered to be an officer or employee of the Company during the Consulting Period, and shall
not have the power or authority to contract in the name of or bind the Company, except as may be expressly stated in a written delegation of such authority from the Board. 
 3. Compensation. (a) Continued Employment. Except to the extent expressly otherwise provided herein, until December 31, 2005,
Executive shall continue to be compensated on the same terms and conditions as in effect immediately prior to the date hereof. You shall be eligible to receive an annual bonus in respect of your services during 2005 in such amount, if any, as is
payable to you in accordance with the terms of the Senior Executive Incentive Plan, as in effect on the date hereof. 
 (b) Consulting
Services Period. During the Consulting Period, the Company shall pay Executive for his services as a consultant a monthly fee equal to $91,666.67, which is equal to the monthly rate of base salary payable to Executive on the date hereof. Such
fees shall be paid in installments on the fifteenth and last business day of each month during the Consulting Period. Executive shall not be treated as an employee in respect of the services rendered and the fees paid to Executive during the
Consulting Period shall not be subject to wage withholding. 
 (c) Office and Expenses. To facilitate the performance of
Executive’s services on behalf of the Company, while he continues in employment and during the Consulting Period, the Company shall make available to Executive a suitable office and the assistance of a dedicated administrative assistant. Upon
submission of itemized business expense reports consistent with the 

 Company’s applicable practices, the Company shall also reimburse Executive for such reasonable travel, lodging and
other appropriate expenses incurred by Executive in the course or on account of rendering any services either during his employment or during the Consulting Period. Executive agrees to submit any such reports with respect to expenses incurred while
an employee as soon as possible after they are incurred, but in no event later than January 15, 2006, and any expenses incurred while a consultant by the end of the calendar month following the month in which incurred. The Company also agrees
to reimburse Executive for the expenses reasonably incurred by Executive in connection with the negotiation and execution of this Agreement. 
 4. Employee Programs. (a) Benefits Generally. Through December 31, 2005, Executive shall continue to participate in the employee benefit and executive perquisite plans and programs in which he is participating on the
date hereof. Except as otherwise expressly provided below in this Section 4, Executive’s continued participation in, or rights to receive compensation or other benefits under, any of the Company’s employee benefit plans, programs or
arrangements (including those plans, programs or arrangements available solely for the benefit of senior executive officers) after December 31, 2005 shall be governed by the terms and conditions of the applicable plan, program or arrangement.
Executive shall not be entitled to any benefit under the terms of the Company’s Severance/Change of Control Policy (the “Severance Policy”) by reason of his resignation from employment hereunder. The Company shall pay Executive for
any accrued and unused vacation days outstanding as of December 31, 2005 by January 31, 2006. 
 (b) Medical Benefits.
During the Consulting Period, Executive shall be eligible to participate in the Company’s medical and dental plans on the same terms and conditions as though Executive had continued to be an employee of the Company throughout such period. In
the event that the Company cannot provide such medical and dental coverage under the terms and conditions of any such plan, Executive shall secure individual coverage that is as similar as possible under the circumstances to the benefits provided
under the Company’s plans and the Company shall reimburse Executive for the cost of such coverage. To the extent that any such reimbursement should be subject to Federal income and/or employment taxation, the Company shall provide Executive
with an additional payment to gross up Executive for the taxes payable in respect of such reimbursement and any payment made pursuant to this sentence. Executive’s eligibility for COBRA continuation coverage shall commence at the date
Executive’s coverage under the Company’s plans ceases as provided in this Section 4(b). 
 (c) Stock Options.
Notwithstanding anything else to the contrary contained in this Agreement or any agreement issued under the 2002 Long-Term Incentive Plan (the “2002 Plan”) or the 1992 Long-Term Incentive Plan (the “1992 Plan”), to the extent
that Executive holds any options granted pursuant to the terms of the 1992 Plan and 2002 Plan (the “Equity Plans”) that are not vested and exercisable as of the date hereof and which would not otherwise become exercisable before
December 31, 2005, each such option shall become vested and exercisable as though Executive had continued in the employ of the Company during the period over which any such option otherwise would have become vested and exercisable. Any options
currently held by Executive may, to the extent currently vested and exercisable or to the extent they become vested and exercisable hereafter in accordance with the immediately preceding sentence or in accordance with their terms, be exercised until
the earlier to occur of (i) (A) December 31, 2008 with respect to options granted under the 1992 Plan and (B) December 31, 2009 with respect to options granted under the 2002 Plan and (ii) the expiration of the stated
term of the option. To the extent any option is not exercised in full within the times set forth above, any such unexercised portion of such options shall be forfeited. Except as otherwise expressly provided in this Section 4(b), all of the
terms and conditions of the Equity Plans pertaining to options and the grants of options made thereunder to Executive (including, without limitation, the expiration date of such options and any provisions thereunder that would accelerate the date of
exercise thereunder) shall continue to be applicable. 
 (d) Restricted Shares. Except as otherwise provided herein, any shares of
restricted stock awarded to Executive and outstanding at such time shall become vested on December 31, 2005. Withholding of applicable income and employment taxes related to the vesting of such restricted shares shall be effected by the Company
retaining the smallest number of the shares of its common stock from such awards as have a Fair Market Value (as defined in the 2002 Plan) as is at least equal to the minimum amount of such taxes required to be withheld. 
 (e) Performance Grant, Retirement Benefit, Change of Control and Section 409A. By reason of the Executive’s continued employment through
December 31, 2005, Executive shall be entitled to receive payment of the amount, if any, payable in respect of and in accordance with the terms of the Performance Grant Agreement granted in 2004 on the basis that he retired after the end of the
initial two year award period. Nothing in this Agreement shall be construed to limit, alter, impair, release or otherwise modify in any way Executive’s rights in respect of the Company’s frozen retirement plan, under which Executive is
entitled to receive an annual benefit at age 65 estimated to be $97,246. Notwithstanding the provisions of Section 4(a) hereof, in the event that any amount payable hereunder shall be subject to the additional taxes referenced in section 8 of
the Severance Policy by reason of any event occurring prior to the first anniversary of the date hereof, the Company shall also provide to Executive the additional benefits described in such section 8 of the Severance Policy. Notwithstanding
anything else contained herein to the contrary, the parties intend that any payment required to be made to Executive hereunder shall be structured to avoid the imposition of any additional tax on Executive pursuant to the provisions of
Section 409A of the Internal Revenue Code. 

 5. Restrictive Covenant Agreement. Executive agrees that, as a condition to and to induce the
Company to enter into this Agreement, Executive shall execute and agree to abide by the Restrictive Covenant Agreement, which is attached hereto as Exhibit A and expressly incorporated herein by reference and made a part hereof. This Agreement
(including, without limitation, Exhibit A hereto), is supplemental to, and does not supercede, any non-solicitation, non-compete, non-disclosure or confidentiality agreement that Executive may have signed while employed by the Company or any of its
subsidiaries. 
 6. Indemnification. The indemnification agreement previously entered into by Executive and the Company shall continue
in full force and effect, and shall survive Executive’s retirement from the Board and as an officer and employee of the Company and its subsidiaries as contemplated hereby. 
 7. Noncompetition. Executive agrees that the Company is engaged in a highly competitive business. Executive agrees that due to his position,
engaging in a business which is competitive to the Company will cause the Company great and irreparable harm. Executive agrees that Executive’s work for the Company has brought him into close contact with many of the Company’s customers,
Trade Secrets, Confidential Information, Third Party Information (as each such term is defined in Exhibit A hereto) and other proprietary information. Executive agrees that he may continue to have access to such Trade Secrets, Confidential
Information, Third Party Information and other proprietary information during the Consulting Period. Therefore, as an inducement for the Company to enter into this Agreement and provide Executive the opportunity to continue to serve as a consultant
during the Consulting Period, Executive agrees that, during his continued employment and during the Consulting Period, without the prior written consent of the Board, Executive will not, whether on his own behalf or for the benefit of a third party,
engage in activities for a competitor of the Company listed on Exhibit B hereto that are (i) substantially similar in any material respect to the activities Employee performed on behalf of the Company and (ii) which relate to
business activities in which the Company or one of such affiliates is engaged in at the relevant time. Executive agrees that the covenant contained in this Section 7 is reasonable in scope, necessary to protect the Company’s legitimate
business interests and does not constitute a restraint of trade with respect to Executive’s ability to obtain other employment or to provide services to third parties, in the event Executive should desire to do so. Executive further agrees that
the provisions in Exhibit A under the section of such agreement entitled “Miscellaneous Provisions” are incorporated herein by reference and made a part hereof. 
 8. Non-Disparagement. Executive agrees not to intentionally make any direct or indirect derogatory statements regarding, or disparage in any way, the business or reputation of the Company or any of its
subsidiaries or Affiliates (as defined in Exhibit A), or any of their directors, officers, managers or employees, unless such statements are required by law. The Company agrees that it shall not, and shall cause its officers and directors to not,
intentionally make any direct or indirect derogatory statements regarding, or disparage in any way, the reputation of Executive, unless such statements are required by law. Notwithstanding the foregoing, nothing herein shall prevent Executive or the
Company or its officers or directors from making any truthful statements whenever required in the course of litigation, administrative proceedings, governmental investigations, and other legal proceedings whenever required by law or in response to
Company business related inquiries from the Company’s officers and directors. 
 9. Releases. In consideration of the additional
vesting of certain option shares and certain shares of restricted stock provided hereunder in connection with his retirement, at December 31, 2005, Executive shall execute the release in favor of the Company attached hereto as Exhibit C. If
such release is not executed, or if executed, is revoked by Executive as permitted thereunder, then, notwithstanding any other provision of this Agreement to the contrary, to the extent that any Executive’s outstanding restricted stock shall
have become vested in accordance with the terms hereof, Executive shall promptly (but in no event later than ten (10) business days following December 31, 2005) either return to the Company the corresponding shares of common stock or pay
to the Company an amount equal to the Fair Market Value (as defined in the 2002 Plan) of such shares on the date they became vested, and any such shares of restricted stock that have not become vested in accordance with the terms hereof shall be
forfeited Except as provided in this Section 9, any such failure to execute, or any revocation of such release, shall not alter, modify or amend any other provision of this Agreement, each of which shall remain in full force and effect. In
consideration of and subject to Executive’s execution and non-revocation of Executive’s release, the Company shall execute a release in favor of Executive substantially in the form attached hereto as Exhibit D, promptly (but in no event
later than five (5) business days following) the expiration of the revocation period in respect of Executive’s release. 
 10.
Return of Company Property. On or before December 31, 2005 or, to the extent such property is reasonably required for the performance by Executive of his services hereunder during the Consulting Period, at the end of the Consulting
Period, Executive will return all property of the Company and its subsidiaries or affiliates in his possession, including, but not limited to, reports, files, credit cards, customer lists, software, formulae, systems, designs, methodologies,
equipment and access codes, and technology. Executive agrees that will not make or retain at any time, whether now or in the 

 future, any copies, duplicates, reproductions or excerpts of any of such property, except to the extent expressly
permitted by the Company during the Consulting Period and solely for the purpose of performing Executive’s responsibilities to the Company hereunder during such Consulting Period. Notwithstanding anything contained in this Section 10 to
the contrary, Executive may keep the business equipment previously made available to him for use at his home (subject to the right of the Company to strip any information pertaining to the Company’s business from such equipment). 
 11. Miscellaneous. This Agreement may only be amended by a written instrument signed by the Company and Executive. Except as otherwise expressly
provided in the foregoing Sections of this Agreement, this Agreement shall constitute the entire agreement between the Company and Executive with respect to the subject matter hereof. The obligations of the Company to Executive and the covenants of
Executive in favor of the Company shall survive the termination of Executive’s employment. All compensatory payments to be made under this Agreement in respect of Executive’s services as an employee (but not during the Consulting Period)
shall be made net of all applicable income and employment taxes required to be withheld from such payments. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and
the same instrument, and delivery of the signature pages hereof may be made by facsimile. Any notices to be given and any payments to be made hereunder shall be delivered in hand or sent by registered mail, return receipt requested, to the
respective party at the Company’s headquarters or the address noted for Executive on the Company’s books and records or to such other address as either such party shall direct by written notice given in accordance with this
Section 11. 
 12. Governing Law. This Agreement shall be governed by the laws of the State of Colorado, without reference to the
principles of conflicts of law. 
 IN WITNESS, WHEREOF, the parties have executed this Agreement effective as of the day first written above.

  

			
	FIRST DATA CORPORATION
		
	By:	 	 /s/ Michael T. Whealy

	Title:	 	Executive Vice President
	
	 /s/ Charles T. Fote

	CHARLES T. FOTE

 Exhibit A 
 to Retirement and Consulting Agreement between 
 Charles T. Fote & First Data Corporation

 RESTRICTIVE COVENANT AGREEMENT 
 FOR EMPLOYEES IN COLORADO 
 This Agreement is between Charles T. Fote (hereinafter referred to as “Employee”) and First
Data Corporation (the “Company”). 
 In consideration of the benefits provided to Employee pursuant to the Retirement and
Consulting Agreement (the “Retirement Agreement”) of even date herewith that are in addition to any benefits Employee would otherwise have been entitled to receive upon his retirement, Employee agrees as follows: 
 I. Protection of Trade Secrets and Confidential Information. 
  

	 	A.	Employee agrees that the Company is engaged in a highly competitive business and has expended, and continues to expend, significant money, skill, and time to develop and maintain
valuable customer relationships, trade secrets, and confidential and proprietary information. Employee agrees that Employee’s work for the Company has brought and may continue to bring Employee into close contact with many of the Company’s
customers, Trade Secrets, Confidential Information, and Third Party Information (as defined below), the disclosure of which would cause the Company significant and irreparable harm. Employee recognizes that any unauthorized disclosure of Third Party
Information could breach non-disclosure obligations or violate applicable laws or Company policy. Employee further agrees that the covenants in this Agreement are reasonable and necessary to protect the Company’s legitimate business interests
in its customer relationships, Trade Secrets, Confidential Information and Third Party Information. 

  

	 	1.	“Trade Secrets” includes but is not limited to the following: 

  

	 	a)	any data or information that is competitively sensitive or commercially valuable, and not generally known to the public, including, but not limited to, products planning
information, marketing strategies, marketing results, forecasts or strategies, plans, finance, operations, reports, data, customer relationships, customer profiles, customer lists, sales estimates, business plans, and internal performance results
relating to the past, present or future business activities of the Company or any of its Affiliates, its customers, clients, and suppliers; and 

  

	 	b)	any scientific or technical information, design, process, procedure, formula or improvement, computer software, object code, source code, specifications, inventions, systems
information, whether or not patentable or copyrightable. 

  

	 	2.	“Confidential Information” means any data or information and documentation, other than Trade Secrets, which is valuable to the Company and not generally known to the
public, including but not limited to: 

  

	 	a)	Financial information, including but not limited to earnings, assets, debts, prices, fee structures, volumes of purchases or sales, or other financial data, whether relating
generally to the Company or any of its Affiliates, or to particular products, services, geographic areas, or time periods; and 

  

	 	b)	Supply and service information, including but not limited to information concerning the goods and services utilized or purchased by the Company or any of its Affiliates, the names
and addresses of suppliers, terms of supplier service contracts, or of particular transactions, or related information about potential suppliers, to the extent that such information is not generally known to the public, and to the extent that the
combination of suppliers or use of particular suppliers, though generally known or available, yields advantages to the Company or any of its Affiliates the details of which are not generally known. 

  

	 	3.	“Third Party Information” means any data or information of the customers, suppliers, consumers or employees of the Company and its Affiliates that the Company and/or any
such Affiliate is prohibited by law, contract or policy from disclosing. By way of example such information includes but is not limited to: 

  

	 	a)	Product specifications, marketing strategies, pricing, sales volumes, discounts; 

  

	 	b)	Nonpublic personal information regarding consumers, including but not limited to names, addresses, credit card numbers, financial transactions and account balances;

	 	c)	Personnel information, including but not limited to employees’ personal or medical histories, compensation or other terms of employment, actual or proposed promotions, hiring,
resignations, disciplinary actions, terminations or reasons therefore, training methods, performance, skills, qualifications and abilities, or other employee information; and 

  

	 	d)	Customer information, which is not protected by a separate confidentiality agreement, including but not limited to any compilations of past, existing or prospective customers,
agreements between customers and the Company or any of its Affiliates, status of customer accounts or credit, the identity of customer representatives responsible for entering into contracts with the Company or any of its Affiliates, specific
customer needs and requirements or related information about actual or prospective customers or other nonpublic consumer information. 

  

	 	B.	Non-Disclosure of Trade Secrets and Confidential Information. Employee agrees that for so long as the pertinent information or documentation remains a Trade Secret, Employee will
not use, disclose, or disseminate to any other person, organization, or entity or otherwise employ any Trade Secrets. Employee further agrees that during Employee’s employment and after the cessation of Employee’s employment with the
Company, Employee will not use, disclose, or disseminate to any other person, organization, or entity or otherwise employ any Confidential Information. The obligations set forth herein shall not (i) prohibit the use of Trade Secrets or
Confidential Information by Employee in the good faith performance by Employee of his services on behalf of the Company, whether as an employee or during the Consulting Period (as defined in the Retirement Agreement), or (ii) apply to any Trade
Secrets or Confidential Information which shall have become generally known to competitors of the Company through no act or omission of Employee, nor shall the obligations set forth herein apply to disclosures made pursuant to the Sarbanes-Oxley Act
of 2002, 15 U.S.C. § 7245. 

  

	 	C.	Non-Disclosure of Third Party Information. Employee agrees that for so long as the pertinent information or documentation is subject to protection under Company nondisclosure
obligations, policy or applicable law, but in any event not less than two (2) years, Employee will not use, disclose, or disseminate to any other person, organization or entity or otherwise employ any Third Party Information; provided, however,
that the prohibition contained in this paragraph shall not prohibit the use by Employee of Third Party Information in the good faith performance by Employee of his services on behalf of the Company, whether as an employee or during the Consulting
Period. 

  

	 	D.	Return of the Company’s and Third Party Information. Upon cessation of Employee’s employment with the Company or, to the extent such property is reasonably required for
the performance by Executive of his services hereunder during the Consulting Period, the end of the Consulting Period as defined in the Retirement Agreement or at any time the Company requests, Employee agrees to return all Third Party Information
as well as Company materials and Trade Secrets and Confidential Information, and all copies thereof (including without limitation, all memoranda and notes containing the names, addresses, and needs of the Company’s customers and prospective
customers) in Employee’s possession or over which Employee exercises control, and regardless of whether such materials were prepared by the Company, an Affiliate, Employee, or a third party. 

 II. Non-Solicitation of Customers. 
  

	 	A.	Employee agrees that while employed by the Company and while performing services during the Consulting Period, Employee has had and may have contact with and has become and may
become aware of the Company’s and its Affiliates’ customers and the representatives of those customers, their names and addresses, specific customer needs and requirements, and leads and references to prospective customers, and that
Employee has benefited and added and will continue to benefit and add to the Company’s goodwill with its customers and in the marketplace generally. Employee further agrees that loss of such customers will cause the Company significant and
irreparable harm. 

  

	 	B.	Accordingly, Employee agrees that, until June 30, 2007, Employee will not solicit, contact, call upon, or attempt to communicate with any customer or prospective customer of
the Company or any of its Affiliates for the purpose of providing any products or services substantially similar to those Employee provided while employed with the Company; provided, however, that this paragraph shall only apply to products and or
services which are still being provided by the Company and/or its Affiliates at the relevant time. This restriction shall apply only to any customer or prospective customer of the Company with whom Employee had contact or about whom Employee learned
Trade Secrets, Confidential Information or Third Party Information during the last twenty-four (24) months of Employee’s employment with the Company. For the purpose of this Section III(B), “contact” means interaction between
Employee and the customer or prospective customer which takes place to further the business relationship, or making sales to or performing services for the customer, former customer, or prospective customer on behalf of the Company.

 III. Non-Solicitation of Employees and Others. 
  

	 	A.	Employee acknowledges and agrees that solely as a result of employment with the Company, Employee has and will come into contact with and has acquired and will acquire Trade
Secrets, Confidential Information or Third Party Information regarding some, most, or all of the employees, consultants, contractors or agents of the Company and/or its Affiliates (for purposes of this Section IV, collectively referred to as
“Company Workers”). 

  

	 	B.	Accordingly, until June 30, 2007, Employee will not directly recruit or attempt to directly recruit, any other Company Worker with whom Employee had contact or about whom
Employee learned Trade Secrets, Confidential Information or Third Party Information during Employee’s last twenty-four (24) months of employment with the Company. For the purposes of this Section IV(B), “contact” means any
interaction whatsoever between Employee and the other Company Worker. 

 IV. Notices Regarding Subsequent Employment. To facilitate compliance
with this Agreement, Employee agrees until the expiration of the Consulting Period to provide the Company with notice of Employee’s post-Company employment during the time period encompassed by the restrictions contained herein. Such notice
shall include the identity of the company with which Employee will be employed, Employee’s job title, and Employee’s general responsibilities in the job. The notice shall be given to the Company within fifteen (15) business days of
Employee’s acceptance of a job offer. Additionally, Employee agrees to provide a copy of this Agreement to prospective employers prior to commencing employment. 
 V. Miscellaneous Provisions. 
  

	 	A.	Successorship. This Agreement inures to the benefit of any successors or assigns of the Company, and Employee’s obligations apply equally to the Company and its successors or
assigns. 

  

	 	B.	Amendments in Writing. No modification, amendment to, or waiver of this Agreement or any of its provisions shall be binding upon Employee or the Company unless made in writing and
duly signed by both parties, except that Employee agrees that the Company may, at its option and without consideration, substitute less restrictive provisions relating to the provisions contained herein. 

  

	 	C.	Severability. The provisions (including subparagraphs) in this Agreement are severable and, if any provision is determined to be prohibited or unenforceable in any jurisdiction, it
shall be deemed modified to render it enforceable. To the extent the provision cannot be modified to render it enforceable, it shall be severed and the remaining provisions shall nevertheless be binding and enforceable. 

  

	 	D.	Court’s Right to Modify Restrictions. The parties have attempted to limit Employee’s activities only to the extent necessary to protect Trade Secrets, Confidential
Information, customer relationships, as well as Third Party Information. The parties agree that, if the scope or enforceability of this Agreement, or any part thereof, is in any way disputed at any time, a court or other trier of fact may modify and
enforce the paragraph to the extent it believes to be reasonable under the applicable law and circumstances. 

  

	 	E.	Injunctive Relief. Employee understands, acknowledges, and agrees that in the event of a breach or threatened breach of any of the covenants contained in this Agreement, the Company
shall suffer irreparable injury for which there is no adequate remedy at law, and the Company will therefore be entitled to temporary, preliminary, and/or permanent injunctive relief, without bond or other security from the courts, enjoining
additional breaches and threatened breaches. Employee further acknowledges that the Company also shall have the right to seek a remedy at law as well as or in lieu of equitable relief in the event of any such breach. 

  

	 	F.	Choice of Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Colorado without regard to principles of conflict of law.

  

	 	G.	Waiver of Jury Trial. The parties agree to waive their right to trial by jury for any dispute hereunder. 

  

	 	H.	Definition of Affiliate. For purposes of this Agreement, “Affiliate” means a Person that directly, or indirectly through one or more intermediaries, owns or controls, is
owned or is controlled by, or is under common ownership or control with, another Person. As used herein, “control” means the power to direct the management or affairs of a Person, and “ownership” means the beneficial ownership of
at least 10% of the voting securities of the Person. As used herein, “Person” means any corporation (including First Data Corporation), limited or general partnership, limited liability company, joint venture, association, organization or
other entity. 

	 	I.	Waiver of Breach. The Company’s waiver of a breach of any provision of this Agreement by the Employee does not waive any subsequent breach by the Employee, nor does the
Company’s failure to take action against any other employee for similar breaches operate as a waiver by the Company of Employee’s breach of this Agreement. 

  

	 	J.	Attorney’s Fees. If either party to this Agreement brings any action under this Agreement through legal proceedings, the prevailing party in such action (whether or not
initiating such action) shall be reimbursed for all reasonable costs, expenses, and attorney’s fees incurred by it in connection with such proceedings. 

  

	 	K.	Other Obligations. This Agreement is in addition to and not in lieu of other non-solicitation, non-disclosure, and non-competition obligations that Employee may owe to the Company.

 This Agreement is dated as of the 26th day of November, 2005. 
  

							
	ON BEHALF OF COMPANY	 	EMPLOYEE
				
	By:	 	  
	 	By:	 	  

		 	Executive Vice President	 		 	Employee’s Signature
		 	& General Counsel	 		 	
		 	First Data Corporation	 		 	
		 		 		 	Employee’s Social Security Number

 Exhibit B 
 List of Competitors 
 BA Merchant Services (subsidiary of Bank of America Corp.) 
 Citigroup Inc. (credit card or money transfer division) 
 Electronic Data
Systems Corporation (EDS)(credit card or money transfer division) 
 Equifax, Inc. (credit card or money transfer division) 
 Fifth Third Bank Processing Solutions, formerly known as Midwest Payment Systems 
 Global Payments, Inc. 
 JPMorgan Chase & Co. (credit card or money transfer division) 
 MasterCard International 
 MBNA Corp. 
 Metavante (NYCE) 
 MoneyGram International, Inc. (MoneyGram Payment Systems
Inc. and Travelers Express) 
 National Processing, Inc. 
 Nova
Information Systems (subsidiary of U.S. Bancorp) 
 PNC Financial Services Group Inc. 
 Pulse 
 Total Systems Services, Inc. 
 Travelex plc 
 Viad Corporation 
 VISA International

 VISA USA 
 Vital Processing Services 
 Wells Fargo & Co. (credit card or money transfer division) 
 And any
successor in interest to the business of any of the foregoing whether by operation of law or otherwise 

 Exhibit C 
 FULL AND FINAL RELEASE 
 Charles T. Fote (hereinafter “Executive”), in exchange for
sufficient consideration, on behalf of himself, his family, his heirs and assigns, knowingly and voluntarily, irrevocably and unconditionally releases First Data Corporation (the “Company”), any subsidiary corporations, any affiliated
entities whether or not incorporated, the employees, agents, officers, managers, directors, and shareholders of all such entities and any person or entity which may succeed to the rights and liabilities of such persons or entities by assignment or
otherwise (hereinafter the “Company Releasees”), from all claims, controversies, liabilities, demands, causes of action, debts, obligations, promises, acts, agreements, rights of contribution and/or indemnification, and damages of whatever
kind or nature, whether known or unknown, suspected or unsuspected, foreseen or unforeseen, liquidated or contingent, actual or potential, joint or individual, that he has had or now has, based on any and all aspects of Executive’s employment
with the Company Releasees or his separation from that employment, including, but not limited to, all claims arising under the Age Discrimination in Employment Act (“ADEA”), Title VII of the Civil Rights Act of 1964, the Civil Rights Act
of 1991, the Equal Pay Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act of 1974 or any federal, state or local laws or regulations relating to employment or benefits associated with employment; any and all claims
relating to personal services performed by Executive for the Company Releasees; any and all claims relating to unreimbursed expenses incurred while an employee; any and all claims for breach of express or implied contract or the covenant of good
faith and fair dealing (whether written or oral), all claims for retaliation or violation of public policy, breach of promise, detrimental reliance or tort (e.g., intentional infliction of emotional distress, defamation, assault, battery,
false imprisonment, wrongful termination, interference with contractual or advantageous relationship, etc.), whether based on common law or otherwise; claims for emotional distress, mental anguish, personal injury, loss of consortium, and any and
all claims that may be asserted on Executive ‘s behalf by others. The foregoing list is meant to be illustrative rather than inclusive. This release does not preclude Executive from seeking to obtain any benefits to which he may be entitled
under any employee welfare benefit plan, retirement or profit sharing plan or other employee benefit plan or arrangement sponsored by the Company Releasees (other than any severance plan or policy) as determined in accordance with the applicable
plan documents. This release also does not waive, limit, release or modify Executives’ express rights under the terms of the Retirement and Consulting Agreement dated as of November 26, 2005 between Executive and First Data Corporation
(the “Retirement Agreement”) and the indemnification agreement between Executive and the Company referenced therein. 
 Except to
the extent prohibited by applicable law, if Executive initiates or otherwise pursues any legal action against any of the Company Releasees for the purpose of pursuing any claim released pursuant to this release, the Company Releasees may reclaim any
benefits conveyed to Executive upon his retirement under the Retirement Agreement, except that Executive shall, at all times, be entitled to retain 12,500 shares of the restricted stock that became vested pursuant to the Retirement Agreement, which
shall be considered to be the consideration for the release by Executive of all claims arising under ADEA, without waiving the release granted herein, and terminate any benefits or payments that are due to Executive thereunder, in addition to any
other remedies. This release shall be construed in accordance with the laws of the State of Colorado, applicable to contracts made and entirely to be performed therein and without regard to any principles of conflicts of law. 
 EXECUTIVE ACKNOWLEDGES AND AGREES THAT THIS RELEASE IS A FULL AND FINAL BAR TO ANY AND ALL CLAIM(S) OF ANY TYPE THAT HE MAY NOW HAVE AGAINST THE COMPANY
RELEASEES. EXECUTIVE FURTHER ACKNOWLEDGES THAT HE HAS BEEN GIVEN TWENTY-ONE (21) DAYS TO CONSIDER WHETHER TO EXECUTE THIS RELEASE, THAT HE HAS SEVEN (7) DAYS TO RESCIND THIS RELEASE AFTER ITS EXECUTION, THAT HE HAS BEEN ADVISED THAT HE
SHOULD SPEAK WITH COUNSEL, AND THAT HE HAS BEEN REPRESENTED BY COUNSEL OF HIS CHOOSING IN CONNECTION WITH THIS RELEASE. 
  

					
	Dated:                         	 	Signed:	 	  

		 		 	Charles T. Fote

  

 Exhibit D 
 FULL AND FINAL RELEASE 
 First Data Corporation, a Delaware corporation (“First Data”), in
exchange for sufficient consideration, on behalf of itself, any predecessors in interest, whether or not incorporated, and its successors and assignors does hereby irrevocably and unconditionally release Charles T. Fote (“Executive”) and
his estate, heirs, beneficiaries, personal representatives, executors or other successors and assigns, from all claims, controversies, liabilities, demands, causes of action, debts, obligations, promises, acts, agreements, rights of contribution
and/or indemnification, and damages of whatever kind or nature, whether known or unknown, suspected or unsuspected, foreseen or unforeseen, liquidated or contingent, actual or potential, joint or individual, that it or any of them have or had, based
on any and all aspects of Executive’s employment with First Data or its subsidiaries or affiliates, including but not limited to: any and all claims for breach of express or implied contract or the covenant of good faith and fair dealing
(whether written or oral), and any and all claims for breach of fiduciary duty, breach of promise, detrimental reliance or tort, whether based on common law or otherwise. The foregoing list is meant to be illustrative rather than inclusive.

 This release shall be construed in accordance with the laws of the State of Colorado, applicable to contracts made and entirely to be
performed therein. 
  

							
		 		 	FIRST DATA CORPORATION
			
	Dated:                             	 	Signed:	 	  

		 		 	By:

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