Document:

Exhibit

 [Grant Date]

[Participant Name]

Dear [Participant Name]:
I am very pleased to announce that, effective [Grant Date] (the “Grant Date”), Universal Technical Institute, Inc. (“Company”) hereby grants you (the “Grantee”) an award of performance cash subject to your acceptance of and agreement to all of the applicable terms, conditions and restrictions described in this Award Agreement (the “Agreement”) and the Universal Technical Institute, Inc. 2003 Incentive Compensation Plan, as amended (“Plan”). To the extent that any provision of this Agreement conflicts with the terms of the Plan (other than the definition of “Change of Control”), the Plan shall govern and, if necessary, the applicable provisions of this Agreement shall be deemed amended so as to carry out the purpose and intent of the Plan.  Any capitalized term not defined in this Agreement is defined in the Plan.

RECITALS
A.    The Company adopted the Plan to provide incentives to attract and retain those individuals whose services are considered valuable.
B.    The Company believes that entering into this Agreement with Grantee is consistent with those purposes.  
NOW, THEREFORE, the Company and Grantee agree as follows:
AGREEMENT
1.PERFORMANCE CASH.  Subject to the terms of this Agreement and the Plan, the Company grants to Grantee a target award in the amount of [Amount] (the “Performance Cash”) provided however, based on the performance objectives, metrics and methodologies set forth in Section 3 and any adjustments pursuant to Section 7, the amount of Performance Cash that may vest and be deliverable to Grantee pursuant to this award may range from 0% to 150% of the amount of Performance Cash granted under the terms of this Agreement (such stated amount of Performance Cash hereafter referred to as the “Target Performance Cash”). The Grantee’s right to receive settlement for any Performance Cash granted pursuant to this award is contingent upon (i) the achievement of the performance objectives as outlined in Section 4 herein and (ii) the satisfaction of the continuous employment or service requirement under Section 5 herein.  
2.NONTRANSFERABILITY.   The rights to receive the Performance Cash granted under this award may not be sold, transferred, pledged, assigned, encumbered or otherwise alienated, hypothecated or disposed of, other than by will or by the laws of descent and distribution.  Any attempted sale, transfer, pledge, assignment, exchange, alienation hypothecation or disposition of any rights to receive Performance Cash in violation of this Agreement will be invalid.  In the event of Grantee’s death, any settlement of cash of Earned Performance Cash (as defined in Section 3 hereof) will be delivered, at the time specified in Section 6, to Grantee’s beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.  

3.PERFORMANCE OBJECTIVES.
A.Performance Period.    The performance period shall be a single measurement of two consecutive years commencing on the Grant Date, unless sooner terminated as provided under Section 4(C)(4) (the “Performance Period”).    
B.Performance Criteria.  The amount of Performance Cash earned under this Agreement is based on the 2-year compound annual total shareholder return (“TSR”). For purposes of determining the TSR, except as otherwise provided under Section 4(C)(4), the change in the price of the Company’s common stock shall be based upon the 30-trading day average closing stock price (i) immediately preceding the Grant Date at the beginning of the Performance Period, and (ii) immediately preceding the second anniversary of the Grant Date at the end of the Performance Period.
C.Earned Performance Cash.  The amount of Performance Cash earned by the Grantee over the Performance Period shall be equal to the awarded Target Performance Cash multiplied by the Payout Percentage, as set forth in Table 1, subject to any adjustments provided under the Plan or the terms of this Agreement.

Table 1:
	
			
	TSR Pay/Performance Scale
	2-Year Compound Annual TSR
	Payout as % of Target (the “Payout Percentage”)

	Below Threshold
	 
	 

	Threshold
	 
	 

	Target
	 
	 

	Max
	 
	 

Note: Straight-line interpolation will be applied to determine the payout for performance between discrete points shown above. See attachment for interpolation of all discrete points. 

Following the end of the Performance Period the Compensation Committee of the Board (the “Committee”) will calculate the Grantee’s earned Performance Cash based on the formula set forth in Sections 3(C) or 4(C) hereof, as applicable (the “Earned Performance Cash”).  The final determination of actual number of Earned Performance Cash to which the Grantee is entitled will be made by the Committee in its sole discretion. 

4.CONTINUOUS EMPLOYMENT REQUIREMENT AND VESTING.
A.Continuous Employment Requirement.  Except as provided in this Section 4 of this Agreement or as determined by the Committee pursuant to the Plan, the Grantee must remain in the continuous employ of or service to the Company (or a Subsidiary) throughout the entire period from the Grant Date through the end of the second anniversary of the Grant Date, or Grantee will forfeit any unvested Performance Cash.  The Grantee’s continuous employment of or service to the Company (or a Subsidiary) will not be deemed to have been interrupted by reason of a transfer of Grantee’s employment between the Company and a Subsidiary or an approved leave of absence.  The date on which the Performance Cash (or portion thereof) vest pursuant to this Section 4 shall be referred to as the “Vesting Date”.
B.Vesting Schedule.  Subject to the terms and conditions of this Agreement, including the requirements of Section 4(A) and except as otherwise provided in Section 4(C), the Earned Performance Cash shall vest on the second anniversary of the Grant Date. 

C.Death, Disability, Retirement, Termination without Cause or for Good Reason, or Change of Control.  
(1)Death or Disability.  If prior to the end of the Performance Period, the Grantee dies or suffers a Disability while in the employ of or service to the Company (or a Subsidiary), the Grantee shall vest on the last day of the Performance Period, in a pro-rated portion of the Earned Performance Cash, which shall be the product of (1) the amount of the Earned Performance Cash, and (2) a fraction, the numerator of which is the number of full months of the Performance Period during the Grantee was in continuous employment or service with the Company (or a Subsidiary), and the denominator of which is the total number of months in the Performance Period.  Notwithstanding the foregoing, if the Performance Period shall cease prior to the second anniversary of the Grant Date under Section 4(C)(4), and the Grantee dies or suffers a Disability while in the employ of or service to the Company (or a Subsidiary) on or after the end of the Performance Period but prior to the second anniversary of the Grant Date, the Grantee shall vest on the date the  Grantee dies or suffers a Disability in the Earned Performance Cash based on the formula set forth in Section 4(C)(4) hereof.
(2)Retirement.
(a)If Grantee experiences a qualifying Retirement after the first year of the Performance Period but prior to the end of the Performance Period, and the Grantee otherwise satisfies the obligations and conditions imposed upon the Grantee under Section 7(b) of the employment agreement, effective as of April 8, 2014, between Grantee and the Company (the “Employment Agreement”) (i.e., Grantee’s continued compliance with the covenants set forth in Sections 12 and 13 of the Employment Agreement, Grantee’s having signed and not revoked the release described in Section 11 of the Employment Agreement during the sixty (60) day period following such qualifying Retirement, and the Company’s forfeiture and disgorgement rights if Grantee fails to comply with any provision of Sections 12 and 13 of the Employment Agreement following such qualifying Retirement), the Grantee shall vest in the Earned Performance Cash on the last day of the Performance Period.  A qualifying “Retirement” for purposes of this Agreement shall mean, except as further limited under Section 4(C)(2)(b) hereof, any termination of Grantee’s employment with or service to the Company that qualifies as a Retirement under Section 7(b)(i) of the Employment Agreement (for the avoidance of doubt, including and subject to the exceptions described in clauses (A)-(C) of Section 7(b)(i) of the Employment Agreement).  
(b)Notwithstanding the foregoing, if the Performance Period shall cease prior to the second anniversary of the Grant Date under Section 4(C)(4), and the Grantee experiences a qualifying Retirement on or after the end of the Performance Period and during the calendar year in which the second anniversary of the Grant Date occurs but prior to the second anniversary of the Grant Date, and the Grantee otherwise satisfies the obligations and conditions imposed upon the Grantee under Section 7(b) of the Employment Agreement, the Grantee shall vest on the date Grantee experiences a qualifying Retirement in the Earned Performance Cash based on the formula set forth in Section 4(C)(4) hereof.  For the avoidance of doubt, the Grantee shall not be deemed to experience a qualifying Retirement prior to the calendar year in which the second anniversary of the Grant Date occurs, notwithstanding any provisions under Section 7(b) of the Employment Agreement to the contrary.
(3) Termination without Cause or for Good Reason.  
(a)If the Performance Period shall cease prior to the second anniversary of the Grant Date on account of a Change of Control, and the Grantee’s employment with, or service to, the Company (or a Subsidiary) is terminated without Cause by the Company (or a Subsidiary) or by the Grantee for Good Reason, in each case on or after the end of the Performance Period and within one year following a Change of Control but prior to the second anniversary of the Grant Date, the Grantee shall vest on the date the Grantee’s employment with, or service to, the Company (or a Subsidiary) is terminated without Cause 

by the Company (or a Subsidiary) or by the Grantee for Good Reason, in the Earned Performance Cash based on the formula set forth in Section 4(C)(4) hereof.  
(b)If the Performance Period shall cease prior to the second anniversary of the Grant Date on account of a Change of Control, and the Grantee’s employment with, or service to, the Company (or a Subsidiary) is terminated without Cause by the Company (or a Subsidiary) or by the Grantee for Good Reason, in each case on or after the end of the Performance Period and after the one-year anniversary of the effective date a Change of Control but prior to the second anniversary of the Grant Date, the Grantee shall vest on the date the Grantee’s employment with, or service to, the Company (or a Subsidiary) is terminated without Cause by the Company (or a Subsidiary) or by the Grantee for Good Reason, in a pro-rated portion of the Earned Performance Cash (based on the formula set forth in Section 4(C)(4) hereof), which shall be the product of (1) the Earned Performance Cash, and (2) a fraction, the numerator of which is the number of complete twelve month periods between the Grant Date and the date on which the Grantee’s employment with, or service to, the Company (or a Subsidiary) is terminated without Cause by the Company (or a Subsidiary) or by the Grantee for Good Reason, and the denominator of which is two.
(c)“Cause” shall have the definition set forth in the Plan and shall additionally include the Grantee’s willful and/or gross misconduct that results in significant harm to the Company or its operations, properties, reputation, goodwill or business relationships as determined by the Company in its sole reasonable discretion.
(4)Change of Control.  In the event of a Change of Control, as defined below, the Performance Period shall cease and the Earned Performance Cash shall vest on the second anniversary of the Grant Date, provided that the Grantee remains in the continuous employ of or service to the Company (or a Subsidiary) throughout the entire period from the Grant Date through the end of the second anniversary of the Grant Date, except as otherwise provided under Sections 4(C)(1), 4(C)(2) or 4(C)(3) hereof.  In the event of a Change of Control, for purposes of determining the TSR, the change in the price of the Company’s common stock shall be based upon the 30-trading day average closing stock price (i) immediately preceding the Grant Date at the beginning of the Performance Period, and (ii) immediately preceding the date on which the Change of Control occurs.
For purposes of this Agreement, and notwithstanding the definition of a “Change of Control” under the Plan to the contrary, “Change of Control” means: (i) any sale, lease, exchange, or other transfer (in one transaction or series of related transactions) of all or substantially all the Company’s assets to any person or group of related persons under Section 13(d) of the Exchange Act (“Group”); (ii) the Company’s shareholders approve and complete any plan or proposal for the liquidation or dissolution of the Company; (iii) any person or Group becomes the beneficial owner, directly or indirectly, of shares representing more than 50% of the aggregate voting power of the issued and outstanding stock entitled to vote in the election of directors of the Company (“Voting Stock”) and such person or Group has the power and authority to vote such shares; (iv) any person or Group acquires sufficient shares of Voting Stock to elect a majority of the members of the Board; (v) the completion of a merger or consolidation of the Company with another entity in which holders of the Stock immediately before the completion of the transaction hold, directly or indirectly, immediately after the transaction, 50% or less of the common equity interest in the surviving corporation in the transaction; or (vi) the first date on which the Company’s common stock is no longer publicly traded on an established securities market.  Notwithstanding the foregoing, in no event will a Change of Control be deemed to have occurred (i) by the acquisition by Coliseum Holdings I, LLC (“Coliseum”) or any related entity of Coliseum or successor thereof, of more than 50% of the Voting Stock or sufficient shares of Voting Stock to elect a majority of the members of the Board, or (ii) as a result of the removal of the voting cap and/or the conversion cap on the shares of Series A Preferred Stock held by Coliseum or any related entity of Coliseum or successor thereof.

5.FORFEITURE OF PERFORMANCE Cash.  Except as otherwise required under the Plan, if the Grantee’s employment with, or service to, the Company (or a Subsidiary) is terminated for any reason prior to the end of the second anniversary of the Grant Date, other than (i) death, Disability or a qualifying Retirement after the first year of the Performance Period, in each case prior to the end of the Performance Period, or (ii) in the event the Performance Period shall cease prior to the second anniversary of the Grant Date under Section 4(C)(4), death or Disability or without Cause by the Company (or a Subsidiary) or for Good Reason by the Grantee, in each case occurring on or after the end of the Performance Period but prior to the second anniversary of the Grant Date, or a qualifying Retirement on or after the end of the Performance Period and during the calendar year in which the second anniversary of the Grant Date occurs but prior to the second anniversary of the Grant Date, all outstanding Performance Cash shall immediately be forfeited without any payment to the Grantee.  Any Performance Cash that does not become vested Performance Cash upon a date on which the Performance Cash (or portion thereof) would have otherwise vested pursuant to Section 4 hereof, shall immediately be forfeited upon such date without any payment to the Grantee.  The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the forfeiture of Performance Cash pursuant to this Section 5.
6.SETTLEMENT OF VESTED PERFORMANCE Cash.  
A.Form of Payment.  Vested Performance Cash will be settled only in the form of cash. 
B.Timing of Settlement.  Unvested Performance Cash shall be reflected in a bookkeeping entry form maintained by the Company.  Cash shall be paid to Grantee with respect to the Earned Performance Cash that vests in accordance with Section 4.  Promptly after any Earned Performance Cash vests pursuant to Section 4, and in no event later than 2 1⁄2 months after the end of the calendar year in which such Earned Performance Cash vests, the Company shall pay cash in settlement of such vested Earned Performance Cash to Grantee (or, if the Grantee is deceased, to Grantee’s beneficiary designated as permitted by the Plan); provided, however, that if the Earned Performance Cash is characterized as deferred compensation for purposes of Section 409A of the Code, settlement of the Earned Performance Cash will be made in a manner that complies with Section 409A of the Code. 
7.ADJUSTMENTS.  The Committee is authorized to make adjustments in the terms and conditions of, and the criteria included in, the Performance Cash (including performance criteria and conditions relating thereto) in recognition of unusual or nonrecurring events (including, without limitation, acquisitions and dispositions of businesses and assets) affecting the Company, any Subsidiary or any business unit, or the financial statements of the Company or any Subsidiary, or in response to changes in applicable laws, regulations, accounting principles, tax rates and regulations or business conditions or in view of the Committee’s assessment of the business strategy of the Company, any Subsidiary or business unit thereof, performance of comparable organizations, economic and business conditions, and any other circumstances deemed relevant, provided that no such adjustment shall be authorized or made if and to the extent that such authority or the making of such adjustment would cause the Performance Cash intended to qualify as “performance-based compensation” under Code Section 162(m) and the regulations thereunder to otherwise fail to qualify as “performance-based compensation” under Code Section 162(m) and regulations thereunder.
8.FEDERAL AND STATE TAXES.  The Grantee may incur certain liabilities for federal, state or local taxes in connection with the grant, vesting or settlement of the Performance Cash hereunder, and the Company may be required by law to withhold such taxes.  The Grantee hereby agrees that the Company will withhold all applicable taxes at the time of vesting or settlement of the Performance Cash. The Company or a Subsidiary may, in the discretion of the Committee, provide for or require alternative arrangements to satisfy applicable tax withholding requirements.

9.AMENDMENT OF AGREEMENT.  This Agreement may only be amended with the written approval of Grantee and the Company.
10.GOVERNING LAW.  This Agreement shall be governed in all respects, whether as to validity, construction, capacity, performance or otherwise, by the laws of the State of Delaware, without regard to conflicts-of-laws principles that would require the application of any other law.
11.SEVERABILITY.  If any provision of this Agreement, or the application of any such provision to any person or circumstance, is held to be unenforceable or invalid by any court of competent jurisdiction or under any applicable law, the parties hereto shall negotiate an equitable adjustment to the provisions of this Agreement with the view to effecting, to the greatest extent possible, the original purpose and intent of this Agreement, and in any event, the validity and enforceability of the remaining provisions of this Agreement shall not be affected thereby.
12.ELECTRONIC DELIVERY.  The Company may, in its sole discretion, decide to deliver any documents related to grants awarded under the Plan or future grants that may be awarded under the Plan by electronic means or request Awardees consent to participate in the Plan by electronic means. Grantee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.
13.ENTIRE AGREEMENT.  This Agreement constitutes the entire, final, and complete agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements, promises, understandings, negotiations, representations, and commitments, both written and oral, between the parties hereto with respect to the subject matter hereof.  Neither party hereto shall be bound by nor liable for any statement, representation, promise, inducement, commitment or understanding of any kind whatsoever not expressly set forth in this Agreement.
14.COMPLIANCE WITH SECTION 409A. 
A.General.  It is the intention of both the Company and the Grantee that the benefits and rights to which the Grantee could be entitled pursuant to this Agreement comply with Section 409A of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder (“Section 409A”), to the extent that the requirements of Section 409A are applicable thereto, and the provisions of this Agreement shall be construed in a manner consistent with that intention.  
B.No Representations as to Section 409A Compliance.  Notwithstanding the foregoing, the Company does not make any representation to the Grantee that the Performance Cash awarded pursuant to this Agreement are exempt from, or satisfy, the requirements of Section 409A, and the Company shall have no liability or other obligation to indemnify or hold harmless the Grantee or any beneficiary for any tax, additional tax, interest or penalties that the Grantee or any beneficiary may incur in the event that any provision of this Agreement, or any amendment or modification thereof or any other action taken with respect thereto is deemed to violate any of the requirements of Section 409A.
C.No Acceleration of Payments.  Neither the Company nor the Grantee, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A shall be paid prior to the earliest date on which it may be paid without violating Section 409A.
D.Treatment of Each Installment as a Separate Payment. For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Grantee is entitled under this Agreement shall be treated as a separate payment.  In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.

E.Specified Employee.  If the Grantee is “specified employee”, a distribution of any payment or benefit that is subject to Section 409A and is on account of a “separation from service” may not be made before the date which is six months after the date of the Grantee’s “separation from service” (or, if earlier, the date of the Grantee’s death).  For purposes of the foregoing, the terms in quotations shall have the same meanings as those terms have for purposes of Section 409A of the Code, and the limitations set forth herein shall be applied in such manner and only to the extent) as shall be necessary to comply with any requirements of Section 409A of the Code that are applicable to the award.  

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized representative and you have signed this Agreement, in each case as of the day and year first written above.  By your acknowledgment below, you accept and agree to abide by the terms of this Agreement and you further agree to be bound by and to comply with all terms and conditions of the Plan.  By your signature below, you acknowledge that you have received a copy of the Plan, and understand that you may receive a copy of the Plan as amended and in effect at any time by requesting a copy from the Company’s Secretary.  Please acknowledge that you received this agreement by accepting through electronic submission.  

UNIVERSAL TECHNICAL INSTITUTE, INC.

By:                                
 I, [Participant Name], hereby acknowledge receipt of the foregoing award granted as of [Acceptance Date].
Signed:  _______________________________EX-10.1

 Exhibit 10.1 

FISERV, INC. 

NONQUALIFIED DEFERRED COMPENSATION PLAN 

As Amended and Restated Effective January 1, 2018 
  

	 	1.	PURPOSE OF THE PLAN. 

 The purpose of this Plan is to provide a deferred
compensation program for qualifying associates of Fiserv, Inc., a Wisconsin corporation (the “Company”) and any of its U.S. subsidiaries, permitting such associates to defer the receipt of compensation from the Company or such U.S.
subsidiary. 
  

	 	2.	DEFINITIONS. 

 As used in this Plan, the following capitalized terms shall have
the indicated meaning. 
 “Beneficiary” has the meaning set forth in Section 8 hereof. 

“Board” means the Board of Directors of the Company. 

“Change of Control” means, with respect to a Participant, the occurrence of one or more of the following events with respect
to the Company or the subsidiary that employs (or employed) such Participant (either, the “Employer”): 
 (a) Any person
or more than one person acting as a group (as determined in accordance with Section 409A) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of securities
of the Employer representing thirty percent (30%) or more of the combined voting power of the Employer’s then outstanding Voting Securities; 

(b) Any person or more than one person acting as a group (as determined in accordance with Section 409A) acquires ownership of
securities of the Employer that, together with securities held by such person or group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the securities of the Employer; 

(c) The date a majority of the members of the Board of Directors of the Employer becomes replaced, during any twelve (12) month period,
by directors whose appointment or election to such board was not endorsed by a majority of the members of such board before the date of such appointment or election; or 

(d) the Employer transfers substantially all of its assets to another person, or more than one person acting as a group, in accordance with
Section 409A. 
 “Code” means the Internal Revenue Code of 1986, as amended. Any reference to a specific provision of
the Code includes any successor provision thereto and any regulations promulgated thereunder. 

 “Company” means Fiserv, Inc., a corporation organized under the laws of the
State of Wisconsin, or any successor corporation. 
 “Deferral Account” means, with respect to each Participant, the
book-keeping record maintained by the Company for each Participant in accordance with the terms of this Plan. A Participant’s Deferral Account shall consist of such Sub-Accounts as the Administrator may determine are necessary or desirable for
proper administration of the Plan. 
 “Election Form” means, with respect to each Participant, the form specified by the
Plan Administrator (which may include an electronic form), as completed and delivered to the Company by each Participant pursuant to such deadlines as may be determined by the Plan Administrator. 

“Eligible Compensation” means such items of compensation as the Plan Administrator determines may be deferred hereunder at
the election of an Eligible Employee, which may include (but shall not be limited to) base salary, bonus compensation, commissions, and equity awards. 

“Eligible Employee” means an employee of the Company or any of its U.S. subsidiaries (a) who is employed in the U.S.
and (b) who either is (i) an executive officer of the Company or (ii) an individual who has been approved for participation in the Plan by the Chief Executive Officer of the Company; provided that, in all cases, participation in the
Plan shall only be available to a select group of management or highly compensated employees in accordance with ERISA. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Fair Market Value” means, with respect to any Investment, the closing price on the date of reference, or if there were no
sales on such date, then the closing price on the nearest preceding day on which there were such sales, and in the case of an unlisted security, the mean between the bid and asked prices on the date of reference, or if no such prices are available
for such date, then the mean between the bid and asked prices on the nearest preceding day for which such prices are available. With respect to any Investment which reports “net asset values” or similar measures of the value of an
ownership interest in the Investment, Fair Market Value shall mean such closing net asset value on the date of reference, or if no net asset value was reported on such date, then the net asset value on the nearest preceding day on which such net
asset value was reported. For any Investment not described in the preceding sentences, Fair Market Value shall mean the value of the Investment as determined by the Plan Administrator in its reasonable judgment on a consistent basis, based upon such
available and relevant information as the Plan Administrator determines to be appropriate. 
 “Flex Account” means, with
respect to a Participant, a Sub-Account which is payable pursuant to Section 7(c) hereof. 
 “Investment” means the
deemed investment options as may be designated from time to time by the Plan Administrator in its sole and absolute discretion. 

  
 2 

 “Participant” means an Eligible Employee who has made a deferral election under
the Plan. Where the context so requires, the term “Participant” shall include a person who has a Deferral Account under the Plan, including a Beneficiary who obtains benefits under this Plan in accordance with its terms. 

“Permitted Retirement Date” means the date on which a Participant both (a) has completed at least ten (10) years
of full-time employment with the Company or any subsidiary, and (b) is at least 55 years old. 
 “Plan” means this
Fiserv, Inc. Nonqualified Deferred Compensation Plan, as it may be amended from time to time. 
 “Plan Administrator”
means such person(s) as are appointed by the Company to perform the functions specified herein and otherwise administer the Plan; provided that, the Administrator shall mean the Compensation Committee of the Board to the extent so required by
applicable law, the listing requirements of the stock exchange on which the Company’s shares are then traded, or the Compensation Committee’s charter. 

“Retirement Account” means, with respect to a Participant, a Sub-Account which is payable pursuant to Section 7(b)
hereof. 
 “Section 409A” means Section 409A of the Code and any guidance promulgated thereunder. 

“Section 409A Affiliate” means each entity that is required to be aggregated with the Company pursuant to Code
Section 414(b) or (c); provided, however, that for purposes of determining if a Participant has incurred a Separation from Service, the phrase “at least 50 percent” shall be used in place of the phrase “at least 80 percent”
each place it appears therein or in the regulations thereunder. 
 “Separation from Service” means a Participant’s
Termination Date, or if the Participant continues to provide services following his or her Termination Date, such later date as is considered a separation from service from the Company and its Section 409A Affiliates within the meaning of
Section 409A. Specifically, if the Participant continues to provide services to the Company or a Section 409A Affiliate in a capacity other than as an employee, such shift in status is not automatically a Separation from Service. 

“Specified Date Account” means, with respect to each Participant, a Sub-Account which is payable pursuant to
Section 7(a) hereof. 
 “Specified Employee” means an individual (a) who is among the top fifty
(50) highest paid U.S. employees of the Company and its subsidiaries for a calendar year and (b) whose Separation from Service occurs during the twelve (12)-month period commencing on April 1 after the end of such calendar year, but
only if, on the date of such Participant’s Separation from Service, the Company or any other entity that is considered a “service recipient” with respect to the Participant within the meaning of Code Section 409A has stock which
is publicly traded on an established securities market (within the meaning of Treasury Regulation 

  
 3 

 
Section 1.897-1(m)) or otherwise. In addition, any employee with a Deferral Account hereunder who is employed outside of the U.S. will automatically be considered a Specified Employee. 

“Sub-Account” means, with respect to any Participant, the portion of the Deferral Account that has been separately accounted
for. 
 “Termination Date” means, with respect to each Participant, the date of the Participant’s termination of
employment. Termination of employment shall be presumed to occur when the Company and a Participant reasonably anticipate that no further services will be performed by the Participant for the Company and its Section 409A Affiliates or that the
level of bona fide services a Participant will perform as an employee of the Company and its Section 409A Affiliates will permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed by the
Participant (whether as an employee or independent contractor) for the Company and its Section 409A Affiliates over the immediately preceding 36- month period (or such lesser period of services). Whether a Participant has experienced a
termination of employment shall be determined by the Company in good faith and consistent with Section 409A. Notwithstanding the foregoing, if a Participant takes a leave of absence for purposes of military leave, sick leave or other bona fide
reason, the Participant will not be deemed to have experienced a termination of employment for the first six (6) months of the leave of absence, or if longer, for so long as the Participant’s right to reemployment is provided either by
statute or by contract; provided that if the leave of absence is due to a medically determinable physical or mental impairment that can be expected to result in death or last for a continuous period of not less than six (6) months, where such
impairment causes the Participant to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, the leave may be extended by the Company for up to twenty-nine (29) months without
causing a termination of employment. 
 “Trust” means the trust created pursuant to the Trust Agreement. 

“Trust Agreement” means the Trust Agreement entered into by and between the Company and the Trustee, as may be amended from
time to time. 
 “Trustee” means the trustee of the Trust. The Trustee shall at all times be a bank with trust powers. The
initial and any successor Trustee shall be as selected by the Company. 
 “Unforeseeable Emergency” means, in accordance
with Section 409A, (a) a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, the Participant’s beneficiary, or the Participant’s dependent;
(b) loss of the Participant’s property due to casualty; or (c) any other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, as determined by the Plan
Administrator. 
 “Voting Securities” means any security which ordinarily possesses the power to vote in the election of
the Board of Directors of the Employer without the happening of any precondition or contingency. 

  
 4 

	 	3.	ADMINISTRATION. 

 The Plan shall be administered by the Plan Administrator. In
addition to the authority otherwise specified herein, the Plan Administrator shall have the authority to adopt, alter and repeal such rules, guidelines and practices governing the Plan as it shall, from time to time, deem advisable; to interpret the
terms and provisions of the Plan and any agreements relating thereto; and to otherwise supervise the administration of the Plan. All decisions made by the Plan Administrator pursuant to the provisions of the Plan shall be made in the Plan
Administrator’s sole discretion and shall be final and binding on all persons, including Participants. The Plan Administrator may delegate some or all of its duties hereunder to such other persons or entities as it shall designate, and in such
event, references herein to the Plan Administrator shall include such person or entity to the extent of such delegation. 
 Without limiting
the generality of the foregoing, the Plan Administrator shall have the following powers and duties: 
 (a) To require any person to furnish
such reasonable information as may be requested for the purpose of the proper administration of the Plan as a condition to receiving any benefits under the Plan; 

(b) To make and enforce such rules and regulations and prescribe the use of such forms (which may include electronic forms) as it shall deem
necessary for the efficient administration of the Plan; 
 (c) To determine the amount of benefits that shall be payable to any person in
accordance with the provisions of the Plan, and to provide a full and fair review to any Participant whose claim for benefits has been denied in whole or in part; 

(d) To employ at the expense of the Company other persons (who may or may not be employed by the Company) to assist the Plan Administrator in
carrying out its duties under the terms of the Plan; 
 (e) To keep records of all acts and determinations, and to keep all such records,
books of account, data and other documents as may be necessary for the proper administration of the Plan; 
 (f) To prepare and distribute
to all Participants and Beneficiaries information concerning the Plan and their rights under the Plan; 
 (g) To exercise any powers
reserved to the Company under the Trust executed in connection with this Plan, including but not limited to the power to provide investment guidelines to the trustee under the Trust; and 

(h) To do all things necessary to operate and administer the Plan in accordance with its provisions. 

  
 5 

	 	4.	DEFERRED COMPENSATION. 

 (a) Employee Deferral Elections. 

(i) Election Form. An Eligible Employee may elect, by completing an Election Form, to defer the receipt of his or her Eligible
Compensation in accordance with such procedures and limits as the Plan Administrator specifies. On the Election Form, the Eligible Employee shall elect the time and form of payment of the Flex Account into which the deferred amounts will be
credited, consistent with the provisions of Section 7. 
 (ii) Timing of Elections. The Plan Administrator may permit an
Eligible Employee to submit an Election Form as follows: 
 (A) No later than thirty (30) days after first becoming eligible for the
Plan. Such election shall be irrevocable as of the date specified by the Plan Administrator (which may not be later than the end of such thirty (30)-day period) and shall be effective with respect to the Eligible Compensation earned after the date
such election becomes irrevocable and prior to January 1 of the following year. 
 (B) No later than December 31 of a calendar
year. Such election shall be irrevocable as of the date specified by the Plan Administrator (which may not be later than December 31) and shall be effective on the immediately following January 1. Such election shall apply to all Eligible
Compensation paid, earned or granted in the calendar year for which the election is effective, to the extent set forth on the Election Form. A Participant’s Deferral Election shall not carry over from year to year unless otherwise determined by
the Plan Administrator. 
 (C) Such other times as are permitted under Section 409A as determined by the Plan Administrator. Such
election shall be irrevocable as of the date specified by the Plan Administrator (which may not be later than the last day on which an election may be made under Section 409A) and shall apply to the Eligible Compensation as set forth on the
Election Form. 
 (b) Employer Deferrals. The Chief Executive Officer of the Company (with respect to Eligible Employees who are not
members of the executive committee) and the Compensation Committee of the Board (with respect to Eligible Employees who are members of the executive committee) may, from time to time, approve the crediting of employer-provided deferrals to a
Participant’s Deferral Account, which may include matching amounts relating to some or all of the employee deferrals made hereunder. Such employer-provided deferrals shall be made in such amounts, and shall be subject to such terms and
conditions relating to allocation, vesting or distribution, as the Chief Executive Officer of the Company or the Compensation Committee of the Board, respectively, may determine in their sole discretion. 

 

	 	5.	DEFERRAL ACCOUNTS. 

 (a) Credits of Deferrals. Any compensation deferred
pursuant to Section 4 of this Plan shall be credited to the Deferral Account maintained in the name of the Participant. Deferral Accounts shall be bookkeeping accounts maintained on the Company’s or subsidiary’s records, as
applicable. A Participant’s Deferral Account shall be credited (i) with respect to 

  
 6 

 
deferrals of Eligible Compensation, on the same day (or as soon as practical thereafter) that such amount would otherwise have been paid to the Participant, or (ii) with respect to
employer-provided deferrals, on the day that all requirements to receive such allocation have been met. 
 (b) Investment of Deferral
Accounts. The credit balance of the Deferral Account for each Participant shall be deemed to have been invested and reinvested from time to time in such Investments as shall be designated by the Participant in accordance with the following: 

(i) Upon commencement of participation in the Plan, each Participant shall make a designation of the Investments which the Participant
desires to have deemed to be purchased with the amounts credited to the Participant’s Deferral Account (or, if permitted by the Plan Administrator, one or more Sub-Accounts). 

(ii) Each Participant shall have the right, by giving notice to the Plan Administrator to (A) change the existing Investments in which
the Participant’s Deferral Account is deemed to be invested by deeming a portion of the existing Investments in the Participant’s Deferral Account to have been sold and the new Investments purchased; and (B) change the Investments
which are deemed to be purchased with future credits to the Participant’s Deferral Account pursuant to Section 5(b)(i). The Plan Administrator may permit a Participant to make separate Investment designations hereunder for one or more
Sub-Accounts. 
 (iii) In the case of any deemed purchase, the Deferral Account (or, if applicable, the Sub-Account) shall be debited with
a dollar amount equal to the quantity and kind of the Investment deemed to have been purchased multiplied by the Fair Market Value of such Investment on the date of reference and shall be credited with the quantity and kind of Investment so deemed
to have been purchased. In the case of any deemed sale of an Investment, the Deferral Account (or, if applicable, the Sub-Account) shall be debited with the quantity and kind of Investment deemed to have been sold, and shall be credited with a
dollar amount equal to the quantity and kind of Investment deemed to have been sold multiplied by the Fair Market Value of such Investment on the date of reference. 

(iv) In no event shall the Company or any subsidiary be under any obligation, as a result of any designation of Investments made by
Participants, to acquire assets (or to cause the Trust to acquire assets) which correspond with any such Investments. 
 (v) All elections
hereunder shall be made in such manner and pursuant to such deadlines as the Plan Administrator shall determine, and shall be effective as of the time determined by the Plan Administrator. 

(c) Maintenance of Sub-Accounts. A Participant’s Deferral Account shall be divided into separate Sub-Accounts determined as
follows: 
 (i) With respect to amounts deferred for periods prior to January 1, 2018, a Participant was permitted to elect to
allocate deferrals to a Retirement Account or a Specified Date Account. A Participant was permitted to have only one Retirement Account, and an unlimited number of Specified Date Accounts. 

  
 7 

 (ii) With respect to amounts deferred for periods on and after January 1, 2018, a
Participant is permitted to elect to allocate such amounts to one or more Flex Accounts, subject to such limitations on the number and type of such Flex Accounts as may be imposed by the Plan Administrator. Within each such Flex Account, there may
be additional Sub-Accounts to account for separate items of Eligible Compensation. 
 (d) Reduction for Distributions. A
Participant’s Deferral Account (and Sub-Accounts thereof) shall be debited in an amount equal to the amount of cash distributed to the Participant or the Participant’s Beneficiary pursuant to Section 7 hereof. 

(e) Adjustments. In determining the amounts of all debits and credits to Deferral Accounts and Sub-Accounts, the Plan Administrator
shall exercise its reasonable best judgment, and all such determinations (in the absence of bad faith) shall be binding upon all Participants and their Beneficiaries. If an error is discovered in the Deferral Account or any Sub-Account of a
Participant, the Plan Administrator, in its sole and absolute discretion, shall cause appropriate, equitable adjustments to be made as soon as administratively practicable following the discovery of such error or omission. 

 

	 	6.	THE TRUST. 

 (a) Establishment of Trust. The Company may enter into a
Trust Agreement creating the Trust for the purposes specified therein and herein. Any such Trust is intended to be a “grantor trust” with the result that the corpus and income of the trust be treated as assets and income of the Company for
federal income tax purposes pursuant to Subpart E, Part I, Subchapter J, Chapter 1, Subtitle A of the Code. All amounts contributed to the Trust shall remain the assets of the Company or subsidiary, as the case may be, subject to the terms and
conditions of the Trust Agreement. 
 (b) Contributions to Trust. The Company or the subsidiary, as applicable, may contribute to the
Trust such funds from time to time as it determines to satisfy the Company’s or subsidiary’s obligation, in whole or part, to pay amounts due hereunder; provided that no such contributions shall be made if such contributions would cause
tax to become payable under Section 409A(b). 
 (c) Retention of Payment Obligation. The Company or the subsidiary, as the case
may be, shall remain primarily liable to make payments to Participants and their Beneficiaries pursuant to this Plan and the Company’s or subsidiary’s contribution of amounts to the Trust shall not satisfy the Company’s or
subsidiary’s obligation to make payments to Participants and/or Beneficiaries pursuant to this Plan. Distributions from the Trust to Participants or Beneficiaries will, however, be applied in satisfaction of such obligation of the Company or
subsidiary to make payments pursuant to Section 7 hereof. 

  
 8 

	 	7.	DISTRIBUTIONS. 

 (a) Specified Date Accounts (Pre-2018 Accounts). 

(i) Specified Date. Except as otherwise provided in this Section 7(a), a Participant shall be paid a lump-sum amount equal to the
credit balance of the Participant’s Specified Date Account in the year specified for such Specified Date Account. 
 (ii) Change to
Distribution Payment. A Participant shall be entitled to change the time and/or form of payment of the Participant’s Specified Date Account by written notice to the Company, subject to such restrictions and requirements as the Plan
Administrator may provide. Such notice must be delivered no less than twelve (12) months prior to the beginning of the calendar year in which the payment commencement date for Specified Date Account was originally scheduled to be distributed
and must provide that payments will be made (or commence) at least five (5) calendar years after such year. Any notice of change that does not comply with these terms shall be of no force and effect. A Participant may change the form of payment
for a Specified Date Account to a lump sum or annual installments (from two (2) to fifteen (15), as elected by the Participant). 

(iii) Separation from Service. If a Participant’s Separation from Service occurs prior to payment of a Specified Date Account
pursuant to Section 7(a)(i) or 7(a)(ii), then the Participant shall be paid a lump-sum amount equal to the credit balance of such Specified Date Account within thirty-one (31) days of the Participant’s Separation from Service. 

(iv) Change of Control. If there is a Change of Control applicable to a Participant prior to the payment of a Specified Date Account
pursuant to Section 7(a)(i), (ii) or (iii) hereof, then such Participant shall be paid a lump-sum amount equal to the credit balance of such Specified Date Account within thirty-one (31) days following such Change of Control.

 (b) Retirement Account (Pre-2018 Accounts). 

(i) Separation from Service After Permitted Retirement Date. Except as otherwise provided in this Section 7(b), if a
Participant’s Separation from Service occurs after the Participant’s Permitted Retirement Date, then the Participant shall be paid an amount equal to the credit balance of the Participant’s Retirement Account pursuant to the
distribution option set forth below that was specifically selected by the Participant pursuant to the Participant’s initial Election Form: 

(A) Installment Distribution Option. If the Participant had selected the “Installment Distribution Option,” then the
Participant shall receive annual payments, commencing as of the Participant’s Separation from Service, for two (2) to fifteen (15) years (as selected by the Participant in the Participant’s initial Election Form). 

(B) Lump Sum Distribution Option. If the Participant had selected the “Lump Sum Distribution Option,” then the Participant
shall be paid within thirty-one (31) days after the Participant’s Separation from Service a lump-sum amount equal to the credit balance of the Participant’s Retirement Account. 

  
 9 

 (C) Change to Distribution Payment. A Participant shall be entitled to change the
Retirement Account from the installment distribution option to the lump sum distribution option, or vice versa, by written notice to the Company, subject to such restrictions and requirements as the Plan Administrator may provide. Such notice must
be delivered no less than twelve (12) months prior to the date of the Participant’s Separation from Service and must provide that payments will be made (or commence) at least five (5) years after the date payments otherwise would have
originally been made. Any notice of change that does not comply with these terms shall be of no force and effect. 
 (ii) Separation
from Service Prior to Permitted Retirement Date. Except as otherwise provided in this Section 7(b), if a Participant’s Separation from Service occurs prior the Participant’s Permitted Retirement Date, then the Participant shall be
paid, within thirty-one (31) days after the Participant’s Separation from Service, a lump-sum amount equal to the credit balance of the Participant’s Retirement Account. 

(iii) Change of Control. If there is a Change of Control prior to payment with respect to a Participant’s Retirement Account
pursuant to Section 7(b)(i) or 7(b)(ii) hereof, the Participant shall be paid a lump-sum amount equal to the credit balance of the Participant’s Retirement Account within thirty-one (31) days following such Change of Control. 

(c) Flex Accounts (Post-2017 Accounts). A Participant’s Flex Account shall be paid (or commence to be paid) in the calendar year
specified by the Participant in the Election Form or in a calendar year following the Participant’s Separation from Service, as elected. If a Flex Account is payable because of a Participant’s Separation from Service but no payment
election is made, payment will be made (or commence) in the next following calendar year after the year of such Separation from Service. Payment will be made in one of the following forms of payment: 

(i) Installment Distribution Option. If the Participant selects the “Installment Distribution Option” for the Flex Account,
then the Participant shall receive annual payments, commencing in the calendar year specified for such Flex Account, for two (2) to fifteen (15) years (as selected by the Participant in the Participant’s Election Form). 

(ii) Lump Sum Distribution Option. If the Participant does not make a payment election or selects the “Lump Sum Distribution
Option” for the Flex Account, then the Participant will receive an amount equal to the credit balance of such Flex Account in the calendar year specified for such Flex Account. 

(iii) Change to Distribution Payment. A Participant shall be entitled to change the time and/or form of payment of the
Participant’s Flex Account by written notice to the Company, subject to such restrictions and requirements as the Plan Administrator may provide. Such notice must be delivered no less than twelve (12) months prior to the beginning of the
calendar year in which the Flex Account was originally scheduled to be distributed and must provide that payments be made (or commence) at least five (5) calendar years after such year. Any notice of change that does not comply with these terms
shall be of no force and effect. 

  
 10 

 (iv) Cashout. If the aggregate balances of all of a Participant’s Flex Accounts at
his or her Separation from Service is less than $25,000, then all such account(s) shall be paid in a lump sum (including accounts that may be in pay status at such time) within ninety (90) days after such Separation from Service, regardless of
the time and form of payment elected by the Participant. 
 (v) No Election. If a Participant does not select a time and form of
payment for a Flex Account, or if employer-provided deferrals are made hereunder and the time and form of payment is not specified by the Company or subsidiary, then the Flex Account shall be paid in a lump-sum within thirty-one (31) days
following the Participant’s Separation from Service. 
 (d) Installment Payments. If a Sub-Account is payable in the form of
annual installments, then the first annual payment shall be made on the payment commencement date set forth in Section 7(a), (b) and (c), as applicable, and all subsequent annual installments shall be made in January of each following
year. The amount of each annual payment shall be determined by dividing (I) the balance in the Participant’s Sub-Account, by (II) the number of payments that remain to be made to the Participant based upon the payout period selected. For
example, if a Participant has selected a 10-year payout period and the first annual payment is to be made on January 31, 2015, the amount of the payment to be made on that date would be the quotient obtained by dividing (w) the balance of
the Sub-Account immediately prior to such payment date, by (x) 10; the amount of the payment for January 31, 2016, would be the quotient obtained by dividing (y) the balance of the Sub-Account immediately prior to such payment date,
by (z) 9; and so forth. 
 (e) Delay for Specified Employees. Notwithstanding anything herein to the contrary, if a Participant
is a Specified Employee on the date of Separation from Service, then any payments that are distributable as a result of such Separation from Service and that would otherwise have been payable within the six (6) months following such Separation
from Service instead shall be made within thirty-one (31) days following the first day of the seventh (7th) month after the month in which occurs the Participant’s Separation from Service (or within thirty-one (31) days following
the Participant’s death if the Participant dies during such six-month period). 
 (f) Unforeseeable Emergency Distributions. If
a Participant experiences an Unforeseeable Emergency, upon application by the Participant, payments of the then credit balance in the Participant’s Deferral Account may be made to the Participant in an amount which the Plan Administrator
determines to be reasonably necessary to meet the financial hardship associated with such Unforeseeable Emergency. The Plan Administrator shall have exclusive authority to determine the circumstances which will constitute an Unforeseeable Emergency.
Notwithstanding the foregoing, in no event shall any distributions be made pursuant to this Section 7(f) to the extent that the Plan Administrator determines that the financial hardship related to the Unforeseeable Emergency is or may be
relieved (i) through reimbursement or compensation by insurance or otherwise, (ii) by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship, or
(iii) cessation of deferrals under the Plan. The provisions of this Section 7(f) are intended to comply with the requirements of Section 409A and Treasury Regulation 1.409A-3(i)(3) and shall be

  
 11 

 
interpreted and applied in a manner consistent therewith. All distributions pursuant to this Section 7(f) shall be debited from each of the Participant’s Sub-Accounts in proportion to
the respective credit balance of each Sub-Account. 
 (g) Income Taxes Due Under Section 409A. If a Participant is required to
include in gross income for federal income tax purposes any amounts deferred under the Plan prior to actual distribution of such amounts as a result of the Plan’s failure to comply with Section 409A with respect to such Participant, then
the Company may authorize a payment from the Participant’s Deferral Account equal to the amount required to be included in income for federal income tax purposes as a result of such failure. 

(h) Withholding and Other Taxes. Any payments pursuant to this Section 7 shall be subject to withholding of federal, state and
local income taxes and any other applicable withholding or employment taxes. If prior to the date of distribution of any amount hereunder, the Federal Insurance Contributions Act (“FICA”) tax imposed under Code Sections 3101,
3121(a) and 3121(v)(2), where applicable, becomes due with respect to a Participant’s Sub-Account(s), then the Company may authorize a payment from the applicable Sub-Account(s) equal to the amount needed to pay the Participant’s portion
of such tax, as well as withholding taxes resulting therefrom (including the additional taxes attributable to the pyramiding of such distributions and taxes). 
  

	 	8.	BENEFICIARIES. 

 Each Participant shall have the right to designate a beneficiary
(a “Beneficiary”) who is entitled to receive the balance of the Participant’s Deferral Account hereunder in the event of the Participant’s death. If either (a) a Participant dies without designating a Beneficiary,
(b) the Beneficiary designated by a Participant is not surviving when a payment is to be made to such person under the Plan, and no contingent Beneficiary has been designated by the Participant, or (c) the Beneficiary designated by a
Participant cannot be located by the Plan Administrator within 1 year following the date of the Participant’s death; then, in any of such events, the Beneficiary of such Participant with respect to any benefits that remain payable under the
Plan shall be the estate of the Participant. No designation of Beneficiary shall be valid unless it is in writing, signed by the Participant, dated, and delivered to the Company prior to the date of the Participant’s death. Beneficiaries may be
changed by a Participant without the consent of any prior Beneficiaries. The balance in the Participant’s Deferral Account will be paid to the Beneficiary in a lump sum as soon as practicable following the date the Company receives all
information necessary to make payment, but in no event later than December 31 following the calendar year in which the Participant’s death occurs. Notwithstanding the foregoing, if the Plan is unable to distribute the Participant’s
Deferral Account by the December 31 deadline due to failure of the Beneficiary to provide all information and documentation necessary to effectuate such distribution, neither the Company nor the Plan Administrator shall be liable for any tax
consequences relating to the failure to make such distribution, including but not limited to, taxes due under Code Section 409A. 

  
 12 

	 	9.	RIGHTS UNSECURED; UNFUNDED PLAN; ERISA. 

 This Plan and the Company’s or
subsidiary’s obligations arising hereunder to pay benefits to a Participant or his or her Beneficiary constitutes a mere promise by the Company or subsidiary, as applicable, to make payments in the future in accordance with the terms of this
Plan and all Participants and their respective Beneficiaries have the status of a general unsecured creditor of the Company or subsidiary, as applicable. The Company and each subsidiary shall be liable to make the payments of the deferred
compensation (as adjusted for earnings or losses thereon) that would otherwise have been paid by it absent a deferral election, and the Company shall not be liable for any payments owed by any subsidiary and each subsidiary shall not be liable for
any payments owed by the Company or any other subsidiary. Neither a Participant nor his or her Beneficiary shall have any rights in or against any specific assets of the Company or any subsidiary, including, without limitation, the assets of the
Trust or any assets of the Company or subsidiary which correspond with the Investments in which Participants can deem their Deferral Accounts to be invested. 

It is the intention of the Company that this Plan and the Company’s or any subsidiary’s obligations hereunder be unfunded for income
tax purposes and for purposes of Title I of ERISA. 
 The Company shall treat this Plan as an unfunded plan maintained for a select group of
management associates exempt from Parts 2, 3 and 4 of Title I of ERISA. The Company shall comply with the reporting and disclosure requirements of Part 1 of Title I of ERISA in accordance with U.S. Department of Labor Regulation §2520.104-23.

  

	 	10.	CLAIMS PROCEDURES. 

 (a) Claim for Benefits. If a Participant or
Beneficiary believes he or she is entitled to a bigger payment than he or she received, or believes he or she is entitled to a payment that was not made, then within ninety (90) days of the date such individual received or should have received
the payment, the individual must file a written claim for benefits with the Plan Administrator. 
 (b) Denial of Claim. If for any
reason a claim for benefits under this Plan is denied by the Plan Administrator, the Plan Administrator shall deliver to the claimant a written explanation setting forth the specific reasons for the denial, pertinent references to the Section(s) of
this Plan and any other applicable document on which the denial is based, such other data as may be pertinent and information on the procedures to be followed by the claimant in obtaining a review of his claim, and any other information required by
ERISA, all written in a manner calculated to be understood by the claimant. For this purpose: 
 (i) The claimant’s claim shall be
deemed filed when presented in writing to the Plan Administrator. 
 (ii) The Plan Administrator’s explanation shall be in writing
delivered to the claimant within ninety (90) days of the date the claim is filed. 

  
 13 

 (c) Appeal of Denied Claim. The claimant shall have sixty (60) days following his
receipt of the denial of the claim to file with the Plan Administrator a written request for review of the denial; provided, however, that to avoid penalties under Section 409A, the claimant’s request for review must be filed no later than
180 days after the latest day the payment that is in dispute should have been paid. For such review, the claimant or his representative may submit pertinent documents and written issues and comments. 

(d) Decision on Appeal. The Plan Administrator shall decide the issue on review and furnish the claimant with a copy within sixty
(60) days of receipt of the claimant’s request for review of his or her claim. The decision on review shall be in writing and shall include specific reasons for the decision, written in a manner calculated to be understood by the claimant,
as well as specific references to the pertinent Plan provisions on which the decision is based. If a copy of the decision is not so furnished to the claimant within such sixty (60) days, the claim shall be deemed denied on review. 

 

	 	11.	NONASSIGNABILITY. 

 The rights of a Participant or his or her Beneficiaries to
payments pursuant to this Plan are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the Participant or his or her Beneficiaries. 

 

	 	12.	AMENDMENT OF THE PLAN. 

 The Plan Administrator may amend this Plan at any time,
without the consent of the Participants or their Beneficiaries, provided, however, that no amendment shall divest any Participant or Beneficiary of the credit balance of his or her Deferral Account except to the extent expressly provided otherwise
in this Plan. 
 Subject to the above provisions, the Plan Administrator shall have broad authority to amend the Plan to take into account
changes in applicable securities and tax laws and accounting rules, as well as other developments. 
  

	 	13.	TERMINATION OF THE PLAN. 

 The Plan Administrator may terminate this Plan at any
time. Upon termination of this Plan, distribution of the credit balance of each Participant’s Deferral Account shall be made in the manner and at the time heretofore prescribed, it being the intent that no such termination shall accelerate the
payment of any amounts already credited to a Participant’s Deferral Account. Notwithstanding the foregoing, if the Plan termination occurs during the period beginning 30 days prior to a change of control event of the Company (within the meaning
of Code Section 409A) and ending 12 months after such change of control event, then the Plan Administrator may elect to pay the balance of all Deferral Accounts in a lump sum in connection with such plan termination, without obtaining the
consent of any Participant or other person with an interest in such account, in accordance with Code Section 409A. 

  
 14 

	 	14.	EXPENSES. 

 Costs of administration of this Plan will be paid by the Company.

  

	 	15.	NO SPECIAL EMPLOYMENT RIGHTS. 

 Nothing contained in this Plan shall confer upon
any Participant any right with respect to the continuation of his or her employment by the Company or any subsidiary or interfere in any way with the right of the Company or a subsidiary, subject to the terms of any separate employment agreement to
the contrary, at any time to terminate such employment or to increase or decrease the compensation of the Participant from the rate in existence from time to time. 
  

	 	16.	NOTICES. 

 (a) In Writing; Address. All notices, demands, consents and
other communications provided for in this Plan shall be in writing, shall be given by a method prescribed in Section 16(b) hereof, and shall be given to the party to whom it is addressed at the address set forth below or at such other address
as such party hereto may hereafter specify by at least fifteen (15) days prior written notice: 
  

			
		
	        If to the Company:	  	 Fiserv, Inc.
 Vice President,
Compensation & Benefits
 255 Fiserv Drive
 Brookfield,
WI 53045

		
	        If to a Participant:	  	To the address designated by Participant to the Company as most recently on file in the Company’s personnel records.

 (b) Method. Any notice, report or other communication shall be delivered by hand or nationally
recognized overnight courier which maintains evidence of receipt, or mailed by United States certified mail, return receipt requested, postage prepaid, deposited in a United States post office or a depository for the receipt of mail regularly
maintained by the Post Office. Any notices, demands, consents or other communication shall be deemed given when received at the address for which such party has given notice in accordance with the provisions hereof. Refusal to accept delivery at the
address specified for the giving of such notice in accordance herewith shall constitute delivery. 
  

	 	17.	MISCELLANEOUS. 

 (a) Headings. The headings of the sections of this Plan
are inserted solely for convenience and are not to be given controlling effect, or used as an aid in the construction of any provision hereof. 

  
 15 

 (b) Pronouns. All pronouns and any variations thereof shall be deemed to refer to the
masculine, feminine, neuter, singular or plural as the identity of the person or persons may require. 
 (c) Section 409A
Compliance. The provisions of this Plan, including all definitions, shall be interpreted in a manner consistent with Section 409A. 

  
 16

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