Document:

exv10w1

Exhibit 10.1

FORM OF TAX DISAFFILIATION AGREEMENT

     THIS TAX DISAFFILIATION AGREEMENT (this “Agreement”), dated as of June ___, 2008 is by
and among Fidelity National Information Services, Inc. (“FIS”), a Georgia corporation and
Lender Processing Services, Inc., a Delaware corporation and wholly owned subsidiary of FIS
(“LPS”).

     WHEREAS, FIS is the common parent of the affiliated group of corporations within the meaning
of section 1504(a) of the Internal Revenue Code of 1986, as amended (the “Code”);

     WHEREAS, as set forth in the Contribution and Distribution Agreement dated as of June ___, 2008
by and between LPS and FIS (the “Distribution Agreement”), FIS will transfer to LPS certain
assets and liabilities in exchange for shares of LPS and LPS Securities (the
“Contribution”);

     WHEREAS, FIS will distribute all of the shares of LPS common stock it holds on the date of the
execution and delivery of the Distribution Agreement (the “Distribution Date”) in a
transaction (the “Distribution”) that FIS and LPS intend to qualify as a tax-free
reorganization and distribution pursuant to sections 368(a)(1)(D) and 355 of the Code;

     WHEREAS, FIS will exchange LPS Securities for outstanding term loan indebtedness of FIS held
by certain financial institutions in an exchange FIS intends to be tax-free to it pursuant to
section 361(c) of the Code (the “Debt Exchange”); and

     WHEREAS, in connection with the Distribution the parties hereto desire to enter into this
Agreement, setting forth their agreement with respect to certain Tax matters from and after the
Distribution Date.

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

SECTION 1. DEFINITIONS.

	1.1	 	In General. For purposes of this Agreement, the following terms shall have the
respective meanings set forth below:

     “Acquisition” means any acquisition of FIS stock or LPS stock, as applicable
(including without limitation a stock redemption) or issuance of FIS stock or LPS stock, as
applicable, excluding (a) the issuance of stock by LPS in connection with the Contribution;
(b) the distribution of LPS stock in the Distribution; and (c) any acquisition of stock that
qualifies under sections 1.355-7(d)(7), (8), or (9) of the Treasury Regulations or any
successor thereto.

 

 

     “Adverse Consequences” means damages, penalties, fines, costs, expenses
(including professional fees and expenses), amounts paid in settlement, liabilities,
obligations, liens, and losses, including any such amounts arising out of or related to
claims asserted against LPS or FIS by any shareholder participating in the Distribution;
provided that Adverse Consequences shall not include any indirect, special,
consequential, or punitive damages.

     “After-Tax Basis” means that, for purposes of determining the amount of the
Indemnified Liability, the amount of any Tax, Tax Loss, or Adverse Consequences shall be
determined net of any Tax Benefit derived by the Indemnitee as the result of sustaining such
Tax, Tax Loss, and Adverse Consequences and increased by the amount of any Tax Detriment
incurred by the Indemnitee as the result of its receipt, or right to receive, such
indemnification payment, so that the Indemnitee is put in the same net after-Tax economic
position as if it had not incurred such Tax, Tax Loss, or Adverse Consequences.

     “Affiliated Company” means any and every corporation that has a common parent
that holds directly or indirectly 80% or more of the voting power and value of such
corporation within the meaning of section 1504(a) of the Code.

     “Agreement” has the meaning set forth in the Preamble hereto.

     “Arbitrator” has the meaning set forth in Section 8.5(c) of this Agreement.

     “Audit” includes any audit, assessment of Taxes or other examination by any Tax
Authority, proceeding, or appeal of such a proceeding relating to Taxes, whether
administrative or judicial, including proceedings relating to competent authority
determinations.

     “Business Day” means any day, other than a Saturday or Sunday, or a day on
which banking institutions are authorized or required by law or regulation to close in
Jacksonville, Florida, or New York, New York.

     “Code” has the meaning set forth in the Recitals to this Agreement.

     “Combined Group” means a group of two or more members that file a Combined
Return.

     “Combined Return” means any Tax Return with respect to Combined State/Local Tax
filed on a consolidated, combined, unitary or other similar basis.

     “Combined State/Local Tax” means the state or local Tax liability determined on
a consolidated, combined or unitary basis.

     “Consolidated Federal Tax” means the Federal Income Tax liability of a
Consolidated Group determined on a consolidated basis.

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     “Consolidated Group” means a group of one or more Affiliated Companies that
files a Consolidated Return.

     “Consolidated Item” has the meaning set forth in Paragraph 1(b)(i) of Schedule
I.

     “Consolidated Return” means any Tax Return with respect to Federal Income Taxes
filed on a consolidated basis pursuant to section 1501 of the Code.

     “Contest” means any Audit or claim for refund involving any Taxes with respect
to a Pre-Distribution Period.

     “Contribution” has the meaning set forth in the Recitals to this Agreement.

     “Controlling Party” has the meaning set forth in Section 6.2(d) of this
Agreement.

     “Credit” has the meaning set forth in Paragraph 3 of Schedule I.

     “Debt Exchange” has the meaning set forth in the Recitals to this Agreement.

     “Dispute” has the meaning set forth in Section 8.5(a) of this Agreement.

     “Dissolving Companies” means the companies listed in Schedule III to this
Agreement.

     “Distribution” has the meaning set forth in the Recitals to this Agreement.

     “Distribution Agreement” has the meaning set forth in the Recitals to this
Agreement.

     “Distribution Date” has the meaning set forth in the Recitals to this
Agreement.

     “Federal Income Tax” means any Tax imposed under Subtitle A of the Code
(including the Taxes imposed by sections 11, 55, and 1201(a) of the Code), and any interest,
addition to Tax, or penalties applicable or related thereto, and any other income-based U.S.
federal tax which is hereinafter imposed upon corporations.

     “Filing Group” means either (a) the FIS Group, if the Filing Party is a member
of the FIS Group, or (b) the LPS Group, if the Filing Party is a member of the LPS Group.

     “Filing Party” means, (a) with respect to any Consolidated Return or Combined
Return, the party that is required to file such a Tax Return under Section 2.2 of this
Agreement, and (b) with respect to any Separate Return, the party that is required to file
such Tax Return under applicable law.

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     “Final Determination” means with respect to any issue (a) a decision, judgment,
decree or other order by the United States Tax Court or any other court of competent
jurisdiction that has become final and unappealable, (b) a closing agreement under
section 7121 of the Code or a comparable provision of any state, local, or foreign Tax law
that is binding against the Service or any other Taxing Authority, (c) any other final
settlement with the Service or other Tax Authority, or (d) the expiration of an applicable
statute of limitations.

     “FIS” has the meaning set forth in the Preamble to this Agreement.

     “FIS Combined Returns” means any Combined Return with respect to which FIS or
any member of the FIS Group is the common Parent of the Combined Group.

     “FIS Consolidated Return” means any Consolidated Return with respect to which
FIS is the common parent of the Consolidated Group.

     “FIS Group” means FIS and any Affiliated Company of which FIS is the common
parent corporation and any corporation which may be, or may become, a member of such group
from time to time, other than any corporation that is a member of the LPS Group.

     “FIS Returns” means all FIS Consolidated Returns, all FIS Combined Returns, and
any Separate Return required to be filed by any member of the FIS Group.

     “Hypothetical Tax” has the meaning set forth in Paragraph 1 of Schedule I.

     “Indemnified Liability” means any liability which is imposed upon or incurred
by an Indemnitee against which such Indemnitee is indemnified and held harmless under this
Agreement.

     “Indemnifying Party” means any person that is required to indemnify and hold
harmless any Indemnitee under this Agreement.

     “Indemnitee” means person that incurs a liability that is subject to
indemnification under this Agreement.

     “LPS” has the meaning set forth in the Preamble to this Agreement.

     “LPS Capital Transactions” has the meaning set forth in Section 5.2(c) of this
Agreement.

     “LPS Capital Transactions Process” has the meaning set forth in Section 5.2(c)
of this Agreement.

     “LPS Combined Returns” means any Combined Return with respect to which LPS or
any member of the LPS Group is the common parent of the Combined Group.

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     “LPS Group” means LPS and any Affiliated Company of which LPS is the common
parent corporation and any corporation which may be, or may become, a member of such group
from time to time.

     “LPS Return” means any Tax Return that is an LPS Combined Return or any
Separate Return that is required to be filed by any member of the LPS Group.

     “LPS Securities” means the LPS securities received by FIS in the Contribution.

     “Merged Companies” means the companies listed in Schedule IV to this Agreement.

     “Non-Controlling Party” has the meaning set forth in Section 6.2(d)(i) of this
Agreement.

     “Non-Filing Group” means either (a) the LPS Group, if the Filing Party is a
member of the FIS Group, or (b) the FIS Group, if the Filing Party is a member of the LPS
Group.

     “Non-Filing Party” means either (a) LPS, if the Filing Party is a member of the
FIS Group, or (b) FIS, if the Filing Party is a member of the LPS Group.

     “NTI-NY” means National Title Insurance of New York, Inc., a New York insurance
company.

     “Opinion Documents” means the Tax Opinion and representation letters referred
to therein.

     “Other Tax Group” means either the FIS Group if the LPS Group is the Tax Group
or the LPS Group if the FIS Group is the Tax Group.

     “Post-Distribution Period” means any Taxable Period beginning after the
Distribution Date and, in the case of any Taxable Period that begins before and ends after
the Distribution Date, that part of the Taxable Period that begins at the beginning of the
day after the Distribution Date.

     “Pre-Distribution Period” means any Taxable Period that ends on or before the
Distribution Date and, in the case of any Taxable Period that begins before and ends after
the Distribution Date, that part of the Taxable Period through the close of the Distribution
Date.

     “Preliminary Transactions” means the transactions described in Schedule II to
this Agreement.

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     “Private Letter Ruling” means the private letter ruling issued by the Service
to FIS that addresses, inter alia, the tax consequences of the Contribution, Distribution,
and Debt Exchange.

     “Referee” has the meaning set forth in Section 8.5(c) of this Agreement.

     “Ruling Documents” means the Private Letter Ruling, plus all of the materials
submitted to the Service in connection with obtaining such ruling.

     “Section 355 Tax Treatment” has the meaning set forth in Section 5.1(a) of this
Agreement.

     “Separate Return” means any Tax Return other than a Consolidated Return or a
Combined Return.

     “Separate Tax” means any Tax incurred by an entity that is not a Federal Income
Tax required to be shown on a Consolidated Return and is not a Combined State/Local Tax
required to be shown on a Combined Return.

     “Service” means the Internal Revenue Service.

     “Steering Committee” has the meaning set forth in Section 8.5(a) of this
Agreement.

     “Tax” means any net income, gross income, gross receipts, alternative or add-on
minimum, sales, use, ad valorem, franchise, profits, license, withholding, payroll,
employment, excise, transfer, recording, severance, stamp, occupation, premium, property,
environmental, estimated, custom duty, or other tax, governmental fee or other like
assessment or charge of any kind whatsoever, together with any interest and any penalty,
addition to Tax or additional amount imposed by a Tax Authority.

     “Tax Authority” means any governmental authority or any subdivision, agency,
commission or authority thereof or any quasi-governmental or private body having
jurisdiction over the assessment, determination, collection, or imposition of any Tax
(including the Service).

     “Tax Benefit” means a decrease in the Tax liability of a taxpayer (or of the
consolidated, combined, or unitary group of which it is a member) for any Taxable Period.
Except as otherwise provided in this Agreement, a Tax Benefit shall be deemed to have been
realized or received from a Tax Item in a Taxable Period only if and to the extent that the
Tax liability of the taxpayer (or of the consolidated, combined, or unitary group of which
it is a member) for such period, after taking into account the effect of the Tax Item on the
Tax liability of such taxpayer (or of the consolidated, combined, or unitary group of which
it is a member) in the current period and all prior periods, is less than it would have been
if such Tax liability were determined on a consistent basis without regard to such Tax Item,
taking into account the principles of Schedule I.

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     “Tax Detriment” means an increase in the Tax liability of a taxpayer (or of the
consolidated, combined, or unitary group of which it is a member) for any Taxable Period.
Except as otherwise provided in this Agreement, a Tax Detriment shall be deemed to have been
realized or received from a Tax Item in a Taxable Period only if and to the extent that the
Tax liability of the taxpayer (or of the consolidated, combined, or unitary group of which
it is a member) for such period, after taking into account the effect of the Tax Item on the
Tax liability of such taxpayer (or of the consolidated, combined, or unitary group of which
it is a member) in the current period and all prior periods, is more than it would have been
if such Tax liability were determined on a consistent basis without regard to such Tax Item,
taking into account the principles of Schedule I.

     “Tax Group” means either the FIS Group or the LPS Group, as the context
dictates.

     “Tax Group Parent” means either FIS, if the FIS Group is the Tax Group, or LPS,
if the LPS Group is the Tax Group.

     “Tax Item” means any item of income, gain, loss, deduction or credit, or other
attribute that may have the effect of increasing or decreasing any Tax.

     “Tax Losses” means all fees and costs (including reasonable outside
professional fees and costs incurred in connection with a Contest) that directly result
from, or relate to, Taxes.

     “Tax Opinion” means the tax opinion that Deloitte Tax LLP will deliver pursuant
to Section 5.7 of the Distribution Agreement.

     “Tax Return” means any return, report, certificate, form or similar statement
or document (including any related or supporting information or schedule attached thereto
and any information return, amended Tax return, claim for refund or declaration of estimated
Tax) supplied to, or filed with, a Tax Authority in connection with the determination,
assessment, or collection of any Tax or the administration of any laws, regulations, or
administrative requirements relating to any Tax, including where permitted or required any
Tax return filed on a consolidated, combined, unitary or other similar basis.

     “Tax Settlement” shall have the meaning set forth in Section 6.4(b) of this
Agreement.

     “Tax Sharing Agreement” means any tax sharing agreements, arrangements,
policies or guidelines, formal or informal, express or implied, which may exist between the
members of an affiliated group.

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     “Taxable Period” means, with respect to any Tax, the period for which the Tax
is reported as provided under the Code or any other applicable Tax laws.

     “Transactions” means the Contribution, Distribution, Debt Exchange, and
Preliminary Transactions.

     “Treasury Regulations” means the final and temporary Tax regulations
promulgated under the Code, as such regulations may be amended from time to time (including
corresponding provisions of successor regulations).

SECTION 2. TAX RETURNS, TAX SHARING PAYMENTS AND

GENERAL TAX ADMINISTRATIVE MATTERS.

	2.1	 	Agent for the LPS Group.

	 	(a)	 	LPS (on behalf of itself and each member of the LPS Group) hereby authorizes
and designates FIS and such other FIS Group member as may be appropriate as its agent
for the purpose of taking any and all actions necessary or incidental to the filing of
any FIS Return and, except as otherwise provided herein, for the purpose of making
payments to, or collecting refunds from, any Tax Authority in respect of a FIS Return.
	 
	 	(b)	 	FIS (on behalf of itself and each member of the FIS Group) hereby authorizes
and designates LPS and such other LPS Group member as may be appropriate as its agent
for the purpose of taking any and all actions necessary or incidental to the filing of
any LPS Return and, except as otherwise provided herein, for the purpose of making
payments to, or collecting refunds from, any Tax Authority in respect of a LPS Return.

	2.2	 	Filing of Returns.

	 	(a)	 	FIS shall prepare (or cause to be prepared) in a manner consistent with past
practice and shall timely file (or cause to be timely filed) all FIS Returns required
to be filed prior to the Distribution Date and LPS Returns required to be filed prior
to the Distribution Date.
	 
	 	(b)	 	FIS shall prepare (or cause to be prepared) in a manner consistent with past
practice and shall timely file (or cause to be timely filed) all FIS Returns that are
required to be filed after the Distribution Date.
	 
	 	(c)	 	LPS shall prepare (or cause to be prepared) in a manner consistent with past
practice and shall timely file (or cause to be timely filed) all LPS Returns required
to be filed after the Distribution Date.
	 
	 	(d)	 	At least 45 days before the due date (including extensions) of any Consolidated
Return or any Filing Party Combined Return that includes any Non-Filing Group

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	 	 	 	company and from time to time as reasonably requested thereafter, the Non-Filing
Party shall provide to the Filing Party all information relating to the Non-Filing
Group necessary to prepare the Tax Returns described in this Section 2.2. Such
information will be prepared in a manner consistent with past practices at the
expense of the Non-Filing Party. At least 2 weeks prior to filing, such
Consolidated Return or Filing Party Combined Return shall be provided to the
Non-Filing Party for review and approval, which approval shall not be unreasonably
withheld. If the Non-Filing Party proposes an adjustment to any Non-Filing Party
item on any Consolidated Return or Filing Party Combined Return, and the Filing
Party declines to accept such proposal, then the parties shall resolve their
disagreement in accordance with Section 8.5 of this Agreement; provided, however,
that if such dispute is not settled prior to the filing date of such return, then
the return may be filed without taking the Non-Filing Party’s proposal into account
but the amount payable pursuant to this Agreement pending the determination under
Section 8.5 will be determined as if such proposal was accepted; provided further,
that if it is ultimately concluded that the Filing Party was reasonable in rejecting
such proposal, the Non-Filing Party shall promptly pay with interest, as provided in
Section 4.3, all amounts not yet paid that would have been required to be paid had
the amounts required to be paid been calculated without taking such proposal into
account.
	 	(e)	 	Any disagreements with regard to any matters covered by this Section 2.2 shall
be resolved in accordance with Section 8.5 of this Agreement.

	2.3	 	Amended Returns.

	 	(a)	 	The Filing Party shall not file (or cause to be filed), without the prior
written consent of the Non-Filing Party (which consent shall not be unreasonably
withheld), any amended Consolidated Return or amended Combined Return which includes
any member of the Non-Filing Group if such return would result in a Tax Detriment to
any member of the Non-Filing Group for any Taxable Period. The consent of the
Non-Filing Party shall not be required if the Filing Party reimburses the Non-Filing
Party for any such Tax Detriment. In the event of disagreement over whether consent is
required or is being unreasonably withheld, the parties shall resolve their
disagreement in accordance with Section 8.5 of this Agreement.
	 
	 	(b)	 	The Filing Party, upon receipt of a written request by the Non-Filing Party,
shall file an amended Consolidated Return or amended Combined Return which includes any
member of the Non-Filing Group if such return would result in a Tax Benefit to any
member of the Non-Filing Group for any Taxable Period; provided, however, that if such
amended Consolidated Return or such amended Combined Return results in a Tax Detriment
to any member of the Filing Group, it shall be filed only upon the written consent of
the Filing Party (which consent shall not be unreasonably withheld) unless the
Non-Filing Party agrees to reimburse the Filing Group for any such Tax Detriment. In
the event of disagreement over whether consent is required or is being unreasonably
withheld,
the parties shall resolve their disagreement in accordance with Section 8.5 of this
Agreement.

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	2.4	 	Payment of Taxes.

	 	(a)	 	LPS shall pay (or cause to be paid) to the appropriate Tax Authority all Taxes,
if any, for Tax Returns which it is required to file (or caused to be filed) pursuant
to 2.2(c) of this Agreement.
	 
	 	(b)	 	FIS shall pay (or cause to be paid) to the appropriate Tax Authority all Taxes,
if any, for Tax Returns which it is required to file (or caused to be filed) pursuant
to Section 2.2 (a) and (b) of this Agreement.
	 
	 	(c)	 	In no event shall LPS’s obligations to pay, or cause to be paid, Taxes in
accordance with Section 2.4(a) of this Agreement relieve FIS from any of the
obligations imposed on it under Sections 4 and 5 of this Agreement to indemnify or
provide reimbursement for Taxes paid after the Distribution Date.
	 
	 	(d)	 	In no event shall FIS’s obligations to pay, or cause to be paid, Taxes in
accordance with Section 2.4(b) of this Agreement relieve LPS from any of the
obligations imposed on it under Sections 4 and 5 of this Agreement to indemnify or
provide reimbursement for Taxes paid after the Distribution Date.

	2.5	 	Treatment of Prior Tax Sharing Agreements.

	 	(a)	 	Except as otherwise provided in this Agreement, any Tax Sharing Agreements that may
exist between any LPS Group company, on the one hand, and the FIS Group or any FIS Group
company, on the other hand, shall terminate, and any obligations under any such agreements
or arrangements shall be cancelled, as of the Distribution Date, without any payment by any
party thereto.
	 
	 	(b)	 	Notwithstanding any other provision in this Agreement, the Tax Sharing Agreement between
FIS and NTI-NY shall remain in effect, with respect to any period of time during the tax
year in which termination occurs, for which the income of the NTY-NY must be included in the
FIS Consolidated Return. LPS will take all steps, as quickly as is reasonably possible, to
ratify the Tax Sharing Agreement between LPS and NTI-NY, to make all required regulatory
filings, and to obtain all necessary approvals.

	2.6	 	Tax Return Treatment to Reflect Private Letter Ruling and Tax Opinion.
	 
	 	 	All Tax Returns filed pursuant to this Section 2 after the Distribution Date shall be
prepared on a basis consistent with the rulings obtained from the Service in the Private
Letter Ruling and the Tax Opinion (in the absence of a relevant change in law or
circumstances).

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SECTION 3. ALLOCATION OF CERTAIN TAX ITEMS.

	3.1	 	Carryforwards and Carrybacks.

	 	(a)	 	The Filing Party shall notify the Non-Filing Party of any consolidated or
combined carryover item which may be partially or totally attributed to and carried
over by any member of the Non-Filing Group and will notify the Non-Filing Party of
subsequent adjustments which may affect such carryover item.
	 
	 	(b)	 	Notwithstanding any other provision of this Agreement, the Non-Filing Party
shall not be required to make any election under section 172(b)(3) of the Code, or any
similar provision of any state or local Tax law, to relinquish any right to carryback
net operating losses. Upon a request by the Non-Filing Party, the Filing Party shall
be required to include on an amended Consolidated Return or Combined Return that
includes any member of the Non-Filing Group any net operating losses of any such member
of the Non-Filing Group arising in a Post-Distribution Period to the extent allowed
under the Tax Law; and the Non-Filing Party shall be entitled to any payment with
respect to such carryforward or carryback; provided, however, that if the Filing Party
incurs a Tax Detriment related to the inclusion of such net operating losses on the
Consolidated Return or Combined Return, the Non-Filing Party shall indemnify the Filing
Party for the amount of such Tax Detriment.

	3.2	 	Refunds.
	 
	 	 	Any refund of Taxes resulting from an adjustment made to a Tax Return that includes one or
more LPS Group companies on the one hand, and FIS Group companies on the other, shall be
allocated in a manner such that a party responsible for indemnification of a Tax liability
for a particular Taxable Period pursuant to either Section 4 or Section 5 of this Agreement
will be entitled to any refunds with respect to such Tax for such Taxable Period, except as
provided in Section 3.1.

SECTION 4. GENERAL TAX INDEMNIFICATION PROVISIONS

	4.1	 	General Indemnification.

	 	(a)	 	After the Distribution Date, FIS shall indemnify and hold harmless, on an
After-Tax Basis, LPS and each other member of the LPS Group against any and all Taxes
(i) with respect to any FIS Return, except to the extent that any member of the LPS
Group or any income, profits or gains of any of the Dissolving Companies or any of the
Merged Companies caused an increase in the Tax liability on the Tax Return; (ii) with
respect to any LPS Return, to the extent that any member of the FIS Group caused an
increase in the Tax liability on the Tax Return; and (iii) with respect to any FIS
Group company for which any LPS Group company may be liable under section 1.1502-6 of
the Treasury
Regulations, or any successor provision thereto, or any provision of state or local
law comparable thereto.

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	 	(b)	 	After the Distribution Date, LPS will indemnify and hold harmless on an
After-Tax Basis FIS and each other member of the FIS Group against any and all Taxes
(i) with respect to any LPS Return, except to the extent that any member of the FIS
Group caused an increase in the Tax liability on the Tax Return; (ii) with respect to
any FIS Return, to the extent that any member of the LPS Group or any income, profits
and gains of any of the Dissolving Companies or any of the Merged Companies caused an
increase in the Tax liability on the Tax Return; and (iii) with respect to any LPS
Group company for which any FIS Group company may be liable under section 1.1502-6 of
the Treasury Regulations, or any successor provision thereto, or any provision of state
or local law comparable thereto.
	 
	 	(c)	 	If a party is entitled to indemnification for Taxes under this Section 4.1,
such party shall also be entitled to indemnification for any Tax Losses incurred in
connection with any such Taxes.
	 
	 	(d)	 	To the extent of any inconsistency in the indemnification for Taxes provided by
this Section 4.1 and the indemnification for Taxes arising out of the Transactions
provided by Section 5 of this Agreement, the provisions of Section 5 of this Agreement
shall control. For the avoidance of doubt, if the FIS Group or the LPS Group incurs a
Tax which is subject to indemnification under more than one section of this Agreement,
the Indemnitee shall only be entitled to recover the amount of such Tax once so as to
avoid duplicate recoveries of any such amounts.

	4.2	 	Allocation and Attribution of Taxes.

	 	(a)	 	In the case of Taxes arising in a Taxable Period that includes, but does not
end on, the Distribution Date, the allocation of Taxes between the Pre-Distribution
Period and the Post-Distribution Period shall be governed by Paragraph 5 of Schedule I.
	 
	 	(b)	 	The determination of whether a company caused an increase in the Tax liability
of a Consolidated Return or Combined Return shall be governed by Schedule I.

	4.3	 	Indemnity Payments.

	 	(a)	 	Except as otherwise provided under this Agreement, to the extent that any party
has an indemnification or payment obligation to another party pursuant to this
Agreement, the Indemnitee shall provide the Indemnifying Party with its calculation of
the amount of such obligation. Such calculation shall provide the Indemnifying Party
sufficient detail to permit the Indemnifying Party to reasonably understand the
calculations and the existence and correct amount of the Indemnified Liability. All
indemnification payments shall be made to such Indemnitee within thirty (30) days after
delivery by the Indemnitee to the

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	 	 	 	Indemnifying Party of written notice of a payment, or, if such Indemnified Liability
is contested pursuant to Section 6.2 of this Agreement, within thirty (30) days of
the incurrence of such an amount based on a Final Determination, together with a
computation of the amounts due. Any disputes with respect to indemnification
payments shall be resolved in accordance with Section 8.5 of this Agreement. In
the event of such dispute, any payment of an Indemnified Liability shall be made
within thirty (30) days of the date of the resolution of such dispute under Section
8.5 of this Agreement.
	 
	 	(b)	 	Any payment required under this Agreement in an amount in excess of one million
dollars ($1,000,000) shall be made by electronic funds transfer of immediately
available funds.
	 
	 	(c)	 	Notwithstanding any other provision of this Agreement, no payment of an
Indemnified Liability shall be required under this Section 4 to the extent it is
duplicative of any payment made pursuant to any other provision of this Agreement and
any such payment shall be made as required by such other provision.

	4.4	 	Interest.
	 
	 	 	Payments pursuant to this Agreement that are not made within the period prescribed shall
bear interest for the period from and including the date immediately following the last date
of the prescribed period through and including the date of payment at a per annum rate equal
to the rate provided under section 6621(c) of the Code. Such interest will be payable at
the same time as the payment to which it relates and will be calculated on the basis of a
year of 365 days and the actual number of days for which due.

SECTION 5. TRANSACTION TAX TREATMENT

AND INDEMNIFICATION PROVISIONS

	5.1	 	Representations, Covenants, and Agreements.

	 	(a)	 	The parties expressly agree for all purposes to treat the Distribution as a
tax-free distribution under section 355 and related sections of the Code, including
section 361(c) of the Code (“Section 355 Tax Treatment”).
	 
	 	(b)	 	Each of FIS and LPS expressly agrees (i) to comply (and to cause each of its
Affiliated Companies to comply) with the representations set forth in the Ruling
Documents and the Opinion Documents to the extent that the representations made therein
are descriptive of such party, (ii) not to take (and to cause each of its Affiliated
Companies not to take) any action within its control that would cause the Section 355
Tax Treatment not to apply (except where such action is required by law), and (iii) to
take (and to cause each of its Affiliated Companies to take) any and all actions
reasonably available to such party (or Affiliated Company),
and to cooperate with the other parties, to support and defend the Section 355 Tax
Treatment.

13

 

	 	(c)	 	FIS (on behalf of itself and all other members of the FIS Group) hereby
represents and warrants that it has reviewed the information and representations made
in the Ruling Documents and the Opinion Documents, and to its knowledge, all of such
information and representations are true, correct, and complete in all material
respects to the extent descriptive of or otherwise relating to FIS or any member of the
FIS Group.
	 
	 	(d)	 	LPS (on behalf of itself and all other members of the LPS Group) hereby
represents and warrants that it has reviewed the information and representations made
in the Ruling Documents and the Opinion Documents, and to its knowledge, all of such
information and representations are true, correct, and complete in all material
respects to the extent descriptive of or otherwise relating to LPS or any member of the
LPS Group.

	5.2	 	Special Restrictions.

	 	(a)	 	LPS shall not take any action within its control, and shall cause all other
members of the LPS Group to refrain from taking any action within their control, which
would result in a direct or indirect Acquisition (taking into account the stock
aggregation and attribution rules of section 355(e)) by one or more persons in the
two-year period following the Distribution Date.
	 
	 	(b)	 	LPS (on behalf of itself and all other members of the LPS Group) hereby
confirms and agrees that (i) neither LPS nor any other member of the LPS Group will,
directly or indirectly, pre-pay, pay down, redeem, retire, or otherwise acquire,
however effected, any of the LPS Securities prior to its stated maturity, other than
through scheduled amortization payments and any mandatory prepayment amount made in
accordance with the terms of the LPS Securities; and (ii) neither LPS nor any member of
the LPS Group will take or permit to be taken any action at any time, including,
without limitation, any modification to the terms of any of the LPS Securities, that
could jeopardize, directly or indirectly, the qualification, in whole or in part, of
any of the LPS Securities as “securities” within the meaning of section 361(c) of the
Code.
	 
	 	(c)	 	The transactions described in Subsections (a) and (b) of Section 5.2 shall be
referred to a “LPS Capital Transactions.” The restrictions on LPS Capital
Transactions shall not apply if the LPS Capital Transaction Process is satisfied. As
used herein, the “LPS Capital Transaction Process” shall be satisfied if all
the following requirements are satisfied:

	 	i.	 	LPS notifies FIS of the proposed LPS Capital Transaction;

14

 

	 	ii.	 	LPS obtains either (a) an opinion of a nationally recognized
law firm or accounting firm to the effect that such LPS Capital Transaction
would not cause the Transactions to be taxable, in whole or in part, or (b) the
written consent of FIS’s General Counsel or senior tax officer; and
	 
	 	iii.	 	LPS provides a copy of the opinion or consent described in
Section 5.2(c)(ii) of this Agreement to FIS.

	5.3	 	Indemnification for Transaction Taxes and Adverse Consequences

	 	(a)	 	Notwithstanding whether any action is permitted or consented to hereunder and
notwithstanding anything else to the contrary contained herein, LPS shall indemnify and
hold harmless FIS from and against, and will reimburse FIS for all Taxes and Adverse
Consequences arising out of, based upon or relating or attributable to (i) any breach
of or inaccuracy in any representation, covenant or obligation of any member of the LPS
Group under Section 5.1 or 5.2 of this Agreement or (ii) the Transactions to the extent
such Taxes or Adverse Consequences arise as a result of any action taken by LPS or any
member of the LPS Group (other than the repayment of the LPS Securities prior to the
stated maturity in accordance with the terms of the LPS Securities) following the
Distribution and, in the case of Adverse Consequences, arise as a result of the
imposition of Taxes on FIS, LPS or the FIS stockholders. For the avoidance of doubt,
LPS shall not be relieved of its obligations under this Section 5.3(a) merely because
it has satisfied the LPS Capital Transactions Process.
	 
	 	(b)	 	Notwithstanding whether any action is permitted or consented to hereunder and
notwithstanding anything else to the contrary contained herein, FIS shall indemnify and
hold harmless LPS, on an After-Tax Basis, from and against, and will reimburse LPS for
all Taxes and Adverse Consequences arising out of, based upon or relating or
attributable to (i) any breach of or inaccuracy in any representation, covenant or
obligation of any member of the FIS Group under Section 5.1 or 5.2 of this Agreement or
(ii) the Transactions to the extent such Taxes or Adverse Consequences arise as a
result of any action taken by FIS or any member of the FIS Group following the
Distribution and, in the case of Adverse Consequences, arise as a result of the
imposition of Taxes on FIS, LPS or the FIS stockholders.

	5.4	 	Indemnification Payments.
	 
	 	 	The payments of any indemnification required under this Section 5 shall be made in
accordance with the terms of Sections 4.3 and 4.4 of this Agreement.

15

 

SECTION 6. AUDITS AND CONTEST RIGHTS.

	6.1	 	Notice.
	 
	 	 	If, after the Distribution Date, any member of a Tax Group receives written notice of, or
relating to, an Audit from a Tax Authority that asserts, proposes or recommends a
deficiency, claim or adjustment that, if sustained, could result in Taxes for which any
member of the Other Tax Group is responsible under this Agreement, then the Tax Group Parent
of the Tax Group receiving such notice shall provide or cause to be provided a copy of such
notice to the Other Tax Group promptly thereafter, but, in any case, within ten (10)
Business Days of receipt thereof. Each Tax Group Parent shall forward or cause to be
forwarded to the Other Tax Group relevant portions of any reports or other communications
which relate to such matters.

	6.2	 	Contests.

	 	(a)	 	Except as otherwise provided in this Agreement, the respective Filing Party
shall have the right to control, contest, and represent the interest of any FIS Group
company or any LPS Group company in any Contest relating to any Tax Return described in
Section 2.2 or 2.3 of this Agreement (other than a Tax Return described in Section
6.2(b) or (c) of this Agreement) and, subject to Section 6.4(b) of this Agreement, to
resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted or
assessed in connection with or as a result of any such Contest. The Filing Party’s
rights shall extend to any matter pertaining to the management and control of an Audit,
including execution of waivers, choice of forum, scheduling of conferences and the
resolution of any Tax Item.
	 
	 	(b)	 	Except as otherwise provided herein, after the date of execution of this
Agreement, in the case of a Contest that relates to a Tax Return for a Taxable Period
beginning before the Distribution Date (or any item relating thereto or reported
thereon) which would give rise to an Indemnification Liability under this Agreement, of
an Indemnifying Party that is not the Filing Party with respect to such Tax Return, the
Indemnifying Party shall have the right at its expense to participate in and control
the conduct of such Contest. If the Indemnifying Party does not assume the defense of
any such Contest for a Pre-Distribution Period, the Filing Party may defend the same in
such manner as it may deem appropriate, including, but not limited to, settling such
Contest after giving ten (10) Business Days’ prior written notice to the Indemnifying
Party setting forth the terms and conditions of settlement. In the event of a Contest
covered by the first sentence of this paragraph that involves issues (i) relating to a
potential adjustment for which the Indemnifying Party has liability and (ii) that are
required to be dealt with in a proceeding that also involves separate issues relating
to a potential adjustment for which any Indemnitee would be liable, the Indemnitee
shall have the right at its expense to control the Contest but only with respect to the
latter issues.

16

 

	 	(c)	 	With respect to a Contest involving an issue for which both (i) any FIS Group
company and (ii) any LPS Group company could be liable, both parties may participate in
the Contest, and the Contest may be controlled by that party which would bear the
burden of the greater portion of the sum of the adjustment and any corresponding
adjustments that may reasonably be anticipated for future Taxable Periods. The
principle set forth in the immediately preceding sentence shall govern also for
purposes of deciding any issue that must be decided jointly (including, without
limitation, choice of judicial forum) in situations in which separate issues are
otherwise controlled under this Section 6.2 by FIS or by LPS.
	 
	 	(d)	 	The party that is controlling any Contest pursuant to Sections 6.2(b) and (c)
of this Agreement (the “Controlling Party”):

	 	(i)	 	in the case of any material correspondence or filing submitted
to the Tax Authority or any judicial authority that relates to the merits of
the deficiency, claim or adjustment that is the subject of such Contest shall
(A) reasonably in advance of such submission, but subject to applicable time
constraints imposed by such Tax Authority or judicial authority, provide the
other party (the “Non-Controlling Party”) with a draft copy of the
portion of such correspondence or filing that relates to such deficiency, claim
or adjustment, (B) incorporate, subject to applicable time constraints imposed
by such Tax Authority or judicial authority, the Non-Controlling Party’s
reasonable comments and changes on such draft copy of such correspondence or
filing, and (C) provide the Non-Controlling Party with a final copy of the
portion of such correspondence or filing that relates such deficiency, claim or
adjustment; and
	 
	 	(ii)	 	shall provide the Non-Controlling Party with notice reasonably
in advance of, and the Non-Controlling Party shall have the right to attend,
any meetings with the Tax Authority (including meetings with examiners) or
hearings or proceedings before any judicial authority to the extent they relate
to the deficiency, claim or adjustment that is the subject of such Contest.

	6.3	 	Judicial Appeals.
	 
	 	 	In the event that a judgment of the United States Tax Court or other court of competent
jurisdiction results in an adverse determination with respect to a matter described in
Sections 6.2(b) and (c) of this Agreement, then, subject to Section 6.4(b):

	 	(a)	 	In the case of an appeal of an adverse determination, which involves no
material issues other than matters for which the Non-Filing Party would be the
Indemnifying Party pursuant to this Agreement, the Non-Filing Party shall have the
right to cause the Filing Party to appeal from such adverse determination.

17

 

	 	(b)	 	In the case of an appeal of any other adverse determination which involves
material issues other than those for which the Non-Filing Party would be the
Indemnifying Party pursuant to this Agreement and the Filing Party determines not to
appeal such adverse determination, the Non-Filing Party shall have the right to cause
the Filing Party to appeal from such adverse determination if the Non-Filing Party
delivers to the Filing Party an opinion from an independent tax counsel or accountant
selected by the Non-Filing Party and reasonably acceptable to the Filing Party that it
is more likely than not that such appeal will succeed and the amount in controversy
exceeds $100,000. The Filing Party shall give written notice to the Non-Filing Party
of its determination of whether to appeal an adverse determination pursuant to this
Section 6.3(b) not less than 20 days prior to any applicable filing deadline.
	 
	 	(c)	 	In the case of an adverse determination which involves matters for which the
Filing Party would be the Indemnifying Party pursuant to this Agreement and, within
such determination, material matters for which the Non-Filing Party would be the
Indemnifying Party pursuant to this Agreement were favorably disposed, the Non-Filing
Party shall have the right to prevent the Filing Party from appealing from such adverse
determination unless the Filing Party delivers to the Non-Filing Party an opinion from
an independent tax counsel selected by the Filing Party and reasonably acceptable to
the Non-Filing Party that it is more likely than not that such appeal will succeed.
	 
	 	(d)	 	If the Non-Filing Party causes the Filing Party to appeal any adverse
determination pursuant to this Section 6.3, the Non-Filing Party shall pay the
reasonable costs, including legal fees, of the Filing Party incurred in such appeal.

	6.4	 	Limitations.

	 	(a)	 	The Non-Filing Party shall have a right to contest any deficiency, claim or
adjustment in accordance with Section 6.2 of this Agreement only if:

	 	(i)	 	within thirty (30) Business Days of a reasonable request by the
Filing Party, the Non-Filing Party delivers to the Filing Party a written
opinion of a nationally recognized tax attorney or tax accountant that is a
member of a recognized law firm or accounting firm, to the effect that the
Non-Filing Party’s position with respect to such deficiency, claim or
adjustment is supported by a reasonable basis (within the meaning of section
1.6662-3(b)(3) of the Treasury Regulations); provided that this Section
6.4(a)(i) shall not apply to with respect to positions relating to the Tax
consequences of the Distribution.
	 
	 	(ii)	 	the Non-Filing Party has agreed to be bound by a Final
Determination of such deficiency, claim or adjustment;

18

 

	 	(iii)	 	the Non-Filing Party has agreed to pay, and is currently
paying, all reasonable costs and expenses incurred by the Filing Party to
contest such deficiency, claim or assessment including reasonable outside
attorneys’, accountants’ and investigatory fees and disbursements to the extent
such costs relate to the issue being contested by the Non-Filing Party;
	 
	 	(iv)	 	the Non-Filing Party shall have advanced to the Filing Party,
on an interest-free basis (and with no additional net after-tax cost to the
Filing Party), the amount of Tax in controversy (but not in excess of the
lesser of (A) the amount of Tax for which the Non-Filing Party could be liable
under this Agreement or (B) the amounts actually expended by the Filing Party
for this item) to the extent necessary for the contest to proceed in the forum
selected by the Controlling Party; and
	 
	 	(v)	 	the Non-Filing Party shall have provided to the Filing Party
all documents and information, and shall have made available employees and
officers of the Non-Filing Party, as have been reasonably requested by the
Filing Party in contesting such deficiency, claim or adjustment.

	 	(b)	 	The Filing Party shall not settle, compromise or otherwise resolve any Tax
matter relating to Taxes with respect to a Pre-Distribution Period (a “Tax
Settlement”) without the prior written consent of the Non-Filing Party (which
consent shall not be unreasonably withheld) if such Tax Settlement is reasonably likely
to materially increase the Tax paid by the Non-Filing Party with respect to any Tax not
subject to indemnification under this Agreement; provided, however, that in the event
that the Non-Filing Party does not consent and the Filing Party reasonably believes
that the withholding of consent was unreasonable, or the Filing Party reasonably
believes that no consent of the Non-Filing Party is required, the parties shall resolve
their disagreement in accordance with Section 8.5 of this Agreement.
	 
	 	(c)	 	Notwithstanding any other provision of this Section 6.4, the Filing Party may
resolve, settle, or agree to any deficiency, claim or adjustment for any Taxable Period
if the Filing Party waives its right to indemnity with respect to such Tax Item. In
such event, the Filing Party shall promptly reimburse the Non-Filing Party for all
amounts previously advanced by the Non-Filing Party to the Filing Party in connection
with such deficiency, claim or adjustment under Section 6.4(a)(iv) of this Agreement.
In addition, except with respect to settlements described in Section 6.4(b) above, the
Filing Party shall reimburse the Non-Filing Party for any Tax Detriment that directly
results from the settlement of such deficiency, claim or adjustment. No waiver by the
Filing Party under this Section 6.4(c) with respect to any deficiency, claim or
adjustment relating to any single Tax Item, position, issue or transaction or relating
to any single Tax for any one Taxable Period shall operate as a waiver with respect to
any other deficiency, claim or adjustment.

19

 

	6.5	 	Failure to Notify.
	 
	 	 	The failure of the Filing Party promptly to notify the Non-Filing Party of any matter
relating to a particular Tax for a Taxable Period or to take any action specified in Section
6.2 of this Agreement shall not relieve the Non-Filing Party of any liability and/or
obligation which it may have to the Filing Party under this Agreement with respect to such
Tax for such Taxable Period except to the extent that the Non-Filing Party’s rights
hereunder are materially prejudiced by such failure and in no event shall such failure
relieve the Non-Filing Party of any other liability and/or obligation which it may have to
the Filing Party.
	 
	6.6	 	Remedies.
	 
	 	 	Except as otherwise provided in this Agreement, the parties hereby agree that the sole and
exclusive remedy for a breach by the Filing Party of the Filing Party’s obligations to the
Non-Filing Party with respect to a deficiency, claim or adjustment relating to the
redetermination of a Tax Item of the Non-Filing Party for a Taxable Period shall first be a
reduction in the amount that would otherwise be payable by the Non-Filing Party for such
Taxable Period and then an increase in amount that would otherwise be payable by the Filing
Party for such Taxable Period, in either case because of the breach. The parties further
agree that no claim against the Filing Party and no defense to the Non-Filing Party’s
liabilities to the Filing Party under this Agreement shall arise from the resolution by the
Filing Party of any deficiency, claim or adjustment relating to the redetermination of any
Tax Item of the Filing Party.

SECTION 7. COOPERATION.

	7.1	 	Provision of Information and Documents.
	 
	 	 	FIS and LPS shall cooperate and provide each other with all documents and information, and
provide access to employees and officers of any member of the FIS Group or the LPS Group,
respectively, as reasonably requested by the other party, on a mutually convenient basis
during normal business hours (and promptly reimburse the other party for any out-of-pocket
costs incurred by a party in providing such cooperation) to aid the other party in preparing
any Tax Return described in Section 2.2 or 2.3 of this Agreement or to contest any Audit of
any such Tax Return or to obtain any opinion referred to in Section 5.2, including, without
limitation, the making of representations (to the extent such representations are true) in
connection with obtaining any such opinion. Such cooperation shall include, without
limitation:

	 	(a)	 	the retention and provision on reasonable request of any and all information
including all books, records, documentation or other information, any necessary
explanations of information, and access to personnel, until the expiration of the
applicable statute of limitation for additional assessments of Tax for the Taxable
Period for which such document or other information arises (giving effect to any
extension, waiver, or mitigation thereof);

20

 

	 	(b)	 	within the limits otherwise set forth herein, the execution by such party of
any document that is relevant and may be necessary or helpful in connection with any
Tax Return or in connection with any Contest;
	 
	 	(c)	 	the use of the parties’ reasonable best efforts to obtain any documentation
from a governmental authority or a third party that may be necessary or helpful in
connection with the foregoing; and
	 
	 	(d)	 	informing the other party on a timely basis as to the status and progress of
all matters related to a Contest under Section 6.2 of this Agreement. Each party shall
provide the other party, within 10 days of the receipt thereof, with copies of all
written communications received from any Tax Authority relating to any such Contest,
appropriately redacted for any unrelated issues also discussed therein.

	7.2	 	Special Rules Regarding Information Required for Tax Return Preparation.
	 
	 	 	The Non-Filing Party will provide employees or representatives of the Filing Party
responsible for preparing its Tax Returns access to any relevant information, including any
Ruling Documents, Opinion Documents, or Tax Opinion, not in the possession of the Filing
Party, as it relates to the Filing Party or any member of the Filing Group, and will provide
the Filing Party with a copy of such relevant information to the extent that the issues
discussed therein are relevant to the Filing Party or any member of the Filing Group within
a reasonable time thereafter, but, in any case, not later than five (5) Business Days after
the receipt of a written request therefor.
	 
	7.3	 	Consultations With Regard to Tax Items.
	 
	 	 	FIS and LPS shall advise and consult with each other with respect to any Tax election or the
Tax treatment of any item (including the treatment of any item that would be affected by a
proposed Tax adjustment relating to a Consolidated Return or Combined Return which is the
subject of an Audit or investigation, or is the subject of any proceeding or litigation)
which could affect any Tax attribute of the other party or the Other Tax Group (including,
but not limited to, basis in an asset or the amount of earnings and profits).
	 
	7.4	 	Limitations on Cooperation.
	 
	 	 	In the event that a Filing Party determines that the provision of any information to any
member of the Other Tax Group could be commercially detrimental, violate any law or
agreement, or waive any privilege that may be asserted under applicable law including any
privilege arising under or relating to the attorney-client relationship (including the
attorney-client and work product privileges), the parties shall take reasonable measures to
permit the compliance with such obligations in a manner that avoids any such harm or
consequence.

21

 

SECTION 8. MISCELLANEOUS.

	8.1	 	Effectiveness.
	 
	 	 	This Agreement shall become effective as of the Distribution Date.
	 
	8.2	 	Notices.
	 
	 	 	All notices and other communications hereunder shall be in writing and hand delivered or
mailed by registered or certified mail (return receipt requested) or sent by any means of
electronic message transmission with delivery confirmed (by voice or otherwise) to the
parties at the following addresses (or at such other addresses for a party as shall be
specified by like notice) and will be deemed given on the date on which such notice is
received:

TO LPS:

Lender Processing Services, Inc.

601 Riverside Avenue

Jacksonville, FL 32204

Attention:     Richard Cox, Senior Vice President and Corporate Tax Director

With a copy to the General Counsel at the above address

TO FIS:

Fidelity National Information Services, Inc.

601 Riverside Avenue

Jacksonville, FL 32204

Attention:     Richard Cox, Senior Vice President and Corporate Tax Director

With a copy to the General Counsel at the above address

And to such other persons or places as each party may from time to time designate by written notice
sent as aforesaid.

	8.3	 	Changes in Law.

	 	(a)	 	Any reference to a provision of the Code or any other Tax law shall include a
reference to any applicable successor provision or law.
	 
	 	(b)	 	If, due to any change in applicable law or regulations or their interpretation
by any court of law or other governing body having jurisdiction subsequent to the
Distribution Date, performance of any provision of this Agreement or any transaction
contemplated thereby shall become impracticable or impossible, the parties hereto shall
use their commercially reasonable efforts to find and employ
an alternative means to achieve the same or substantially the same result as that
contemplated by such provision.

22

 

	8.4	 	Consent.
	 
	 	 	Whenever this Agreement specifies that consent is not to be unreasonably withheld, the
determination shall take into account, among other things, the relative amount of potential
Tax exposure or refund involved for FIS Group companies on the one hand and the LPS Group
companies on the other hand, and if the consent relates to bringing proceedings in one venue
rather than another, the impact on such decision on such interests of each group. Any
controversy or refusal of consent shall be resolved pursuant to Section 8.5 of this
Agreement.
	 
	8.5	 	Dispute Resolution.

	 	(a)	 	Amicable Resolution. FIS and LPS mutually desire that friendly collaboration
continue between them. Accordingly, they will try, and they will cause their
respective group members to try, to resolve in an amicable manner all disagreements and
misunderstandings connected with their respective rights and obligations under this
Agreement. In furtherance thereof, in the event of any dispute or disagreement (a
“Dispute”) between any FIS Group member and any LPS Group member as to the
interpretation of any provision of this Agreement (or the performance of obligations
hereunder), the matter, upon written request of either party, will be referred for
resolution to a steering committee established pursuant to Section 7.3(a) of the
Distribution Agreement (the “Steering Committee”). The Steering Committee will
have two members, one of whom will be appointed by FIS and the other of whom will be
appointed by LPS, and each of whom shall be a senior executive of the party appointing
the member. The Steering Committee will make a good faith effort to promptly resolve
all Disputes referred to it. Steering Committee decisions will be unanimous and will
be binding on FIS and LPS. If the Steering Committee does not agree to a resolution of
a Dispute within 30 days after the reference of the matter to it, then the parties will
be free to exercise the remedies available to them under applicable law, subject to
Sections 8.5(b) and 8.5(c).
	 
	 	(b)	 	Mediation. If the Steering Committee is unable to resolve any Dispute as
contemplated by Section 8.5(a), either FIS or LPS may demand mediation of the Dispute
by written notice to the other in which case the two parties will select a mediator
within 14 days after the demand. Neither party may unreasonably withhold consent to
the selection of the mediator. Each of FIS and LPS will bear its own costs of
mediation but both parties will share the costs of the mediator equally.
	 
	 	(c)	 	Arbitration. In the event that the Dispute is not resolved in an amicable
manner as set forth in Section 8.5(a) or through mediation pursuant to Section 8.5(b),
the latter within 30 days of the submission of the Dispute to mediation, either party

23

 

	 	 	 	involved in the Dispute may submit the dispute to binding arbitration pursuant to
this Section 8.5(c). All Disputes submitted to arbitration pursuant to this Section
8.5(c) shall be resolved in accordance with the Commercial Arbitration Rules of the
American Arbitration Association, unless either party involved elects to utilize an
independent referee (“Referee”) mutually acceptable to the parties, in which
event all references herein to the American Arbitration Association shall be deemed
modified accordingly. Expedited rules shall apply regardless of the amount at
issue. Arbitration proceedings hereunder may be initiated by either party making a
written request to the American Arbitration Association, together with any
appropriate filing fee, at the office of the American Arbitration Association in
Orlando, Florida. The arbitration shall be by a single qualified arbitrator
(“Arbitrator”) experienced in the matters at issue, such Arbitrator to be
mutually agreed upon by FIS and LPS. If the parties fail to agree on an Arbitrator
within 30 days after notice of commencement of arbitration, the American Arbitration
Association shall, upon the request of any party to the dispute or difference,
appoint the Arbitrator. All arbitration proceedings shall be held in the city of
Jacksonville, Florida in a location to be specified by the Arbitrator (or any place
agreed to by the parties and the Arbitrator). Any order or determination of the
arbitral tribunal shall be final and binding upon the parties to the arbitration as
to matters submitted and may be enforced by any party to the Dispute in any court
having jurisdiction over the subject matter or over any of the parties. The parties
agree that the length of time to be provided in any arbitration action to conduct
discovery shall be limited to 90 days, the length of time to conduct the arbitration
hearing shall be limited to ten days (with each party having equal time) and that
the Arbitrator shall be required to render his or her decision within 30 days of the
completion of the arbitration hearing. All costs and expenses incurred by the
Arbitrator shall be shared equally by the parties. Each party shall bear its own
costs and expenses in connection with any such arbitration proceeding. The use of
any alternative dispute resolution procedures hereunder will not be construed under
the doctrines of laches, waiver or estoppel to affect adversely the rights of either
party.
	 	(d)	 	Non-Exclusive Remedy.

	 	i.	 	Nothing in this Section 8.5 shall prevent either FIS or LPS
from commencing formal litigation proceedings or seeking injunctive or similar
relief if any delay resulting from efforts to mediate such Dispute could result
in serious and irreparable injury to FIS, LPS or any member of either party’s
group.
	 
	 	ii.	 	Nothing in this Section 8.5 shall prevent either FIS or LPS
from immediately seeking injunctive or interim relief in the event of any
actual or threatened breach of any confidentiality provisions of the
Distribution Agreement. If an arbitral tribunal has not been appointed with
respect to

24

 

	 	 	 	any Dispute at the time of such actual or threatened breach, then either
party may seek such injunctive or interim relief from any court with
jurisdiction over the matter. If an arbitral tribunal has been appointed
with respect to any Dispute at the time of such actual or threatened breach,
then the parties agree to submit to the jurisdiction of the state and
federal courts of Duval County, Florida, pursuant to Section 7.2 of the
Distribution Agreement, with respect to such matter.

	 	(e)	 	Commencement of Dispute Resolution Procedure. Notwithstanding anything to the
contrary in this Agreement, FIS and LPS are the only members of their respective group
entitled to commence a dispute resolution procedure under this Agreement, whether
pursuant to this Section 8.5 or otherwise, and each party will cause its respective
group members not to commence any dispute resolution procedure other than through such
party as provided in this Section 8.5(e).

	8.6	 	Authorization.
	 
	 	 	Each of the parties hereto hereby represents and warrants (a) that it has the power and
authority to execute, deliver and perform this Agreement, (b) that this Agreement has been
duly authorized by all necessary corporate action on the part of each such party, (c) that
this Agreement constitutes a legal, valid and binding obligation of each such party and (d)
that the execution, delivery and performance of this Agreement by such party does not
contravene or conflict with any provision of law or of its charter or bylaws or any
agreement, instrument or order binding on such party.
	 
	8.7	 	Successors.
	 
	 	 	The provisions to this Agreement shall be binding upon, inure to the benefit of and be
enforceable by the parties and their respective successors and permitted assigns.
	 
	8.8	 	Assignment.
	 
	 	 	Except for assignments or transfers by operation of law, this Agreement shall not be
assignable, in whole or in part, directly or indirectly, by any party hereto without the
prior written consent of the other party hereto, which consent shall not be unreasonably
withheld, and any attempt to assign any rights or obligations arising under this Agreement
without such consent shall be void.
	 
	8.9	 	Entire Agreement.
	 
	 	 	This Agreement contains the entire agreement between the parties hereto with respect to the
subject matter hereof and shall supersede all previous negotiations, commitments and
writings with respect to such subject matter.

25

 

	8.10	 	Governing Law.
	 
	 	 	This Agreement shall be governed by and construed and enforced in accordance with the laws
of the State of Florida applicable to contracts made and to be performed in the State of
Florida.
	 
	8.11	 	Counterparts.
	 
	 	 	This Agreement may be executed in one or more counterparts, all of which shall be considered
one and the same agreement, and shall become effective when one or more such counterparts
have been signed by each of the parties and delivered to the other parties.
	 
	8.12	 	Severability.
	 
	 	 	In the event any one or more of the provisions contained in this Agreement should be held
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability
of the remaining provisions contained herein shall not in any way be affected or impaired
thereby. The parties shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions, the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable provisions.
	 
	8.13	 	No Third Party Beneficiaries.
	 
	 	 	Except as otherwise provided herein, this Agreement is solely for the benefit of the FIS
Group and the LPS Group. This Agreement should not be deemed to confer upon third parties
any remedy, claim, liability, reimbursement, claim of action or other rights in excess of
those existing without reference to this Agreement.
	 
	8.14	 	Waivers.
	 
	 	 	The failure of any party to require strict performance by any other party of any provision
in this Agreement will not waive or diminish that party’s right to demand strict performance
thereafter of that or any other provision hereof.
	 
	8.15	 	Setoff.
	 
	 	 	All payments to be made by any party under this Agreement may be netted against payments due
to such party under this Agreement, but otherwise shall be made without setoff, counterclaim
or withholding, all of which are hereby expressly waived.
	 
	8.16	 	Amendments.
	 
	 	 	This Agreement may not be modified or amended except by an agreement in writing signed by
each of the parties hereto.

26

 

	8.17	 	Schedules.
	 
	 	 	Schedules I and II shall be construed with and as an integral part of this Agreement to the
same extent as if the same had been set forth verbatim herein.

     IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed by a
duly authorized officer as of the date first above written.

	 	 	 	 	 
	 	FIDELITY NATIONAL INFORMATION SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	LENDER PROCESSING SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

27exv10w2

Exhibit 10.2

FORM OF EMPLOYEE MATTERS AGREEMENT

This EMPLOYEE MATTERS AGREEMENT (the “Agreement”) is made and entered into as of June ___,
2008 by and between FIDELITY NATIONAL INFORMATION SERVICES, INC., a Georgia corporation
(“FIS”), and LENDER PROCESSING SERVICES, INC., a Delaware corporation (“LPS” and
together with FIS, the “Parties” and individually, a “Party”). Capitalized terms
not otherwise defined herein shall have the meanings ascribed to such terms in the Contribution and
Distribution Agreement between the Parties, dated as of June ___, 2008 (the “Contribution
Agreement”).

RECITALS:

     WHEREAS, upon the effectiveness of the information statement relating to the distribution of
certain shares of common stock of LPS to the FIS stockholders (the “Distribution”), LPS
will no longer be a wholly owned subsidiary of FIS; and

     WHEREAS, all FIS employees whose functions or responsibilities primarily relate to the
Transferred Business shall be transferred to LPS on the Asset Contribution Date and thereafter,
such employees shall be employees of LPS; and

     WHEREAS, the Parties hereto wish to set forth their agreement as to certain matters regarding
the treatment of, and the compensation and employee benefits provided to, employees of the LPS
Group after the consummation of the Distribution.

     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and conditions set
forth below, the Parties hereby agree with legal and binding effect as follows:

ARTICLE I

DEFINITIONS

     The following terms, as used herein, shall have the following meanings:

     “Affiliate” means, with respect to any specified Person, a Person that directly, or indirectly
through one or more intermediaries, controls, is controlled by, or is under common control with,
such specified Person. For purposes of this Agreement, the term “control” means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and
policies of an entity, whether through ownership of voting securities, by contract or otherwise.

     “Agreement” has the meaning set forth in the preamble of this Agreement.

     “Code” means the Internal Revenue Code of 1986, as amended, and the regulations thereunder.

     “Contribution Agreement” has the meaning set forth in the preamble of this Agreement.

     “Dispute” is defined in Section 4.4 herein.

     “Distribution” has the meaning set forth in the recitals of this Agreement.

     “Dual Employee” means any individual set forth on Schedule I under the heading “Dual
Employees.”

 

 

     “Effective Date” means the date of the Spin-off.

     “Employee Benefit Plan” means:

          (a) any plan, fund, or program that provides health, medical, surgical, hospital or dental
care or other welfare benefits, or benefits in the event of sickness, accident or disability, or
death benefits, apprenticeship or other training programs, or day care centers, scholarship funds,
or prepaid legal services;

          (b) any plan, fund, or program that provides retirement income to employees or results in a
deferral of income by employees for periods extending to the termination of covered employment or
beyond;

          (c) any plan, fund or program that provides severance, unemployment, vacation or fringe
benefits (including dependent and health care accounts);

          (d) any incentive compensation plan, deferred compensation plan, stock option or stock-based
incentive or compensation plan, or stock purchase plan; or

          (e) any other “employee pension benefit plan” (as defined in Section 3(2) of ERISA), any
other “employee welfare benefit plan” (as defined in Section 3(1) of ERISA), and any other written
or oral plan, agreement or arrangement involving direct or indirect compensation including, without
limitation, insurance coverage, severance benefits, disability benefits, fringe benefits, pension
or retirement plans, profit sharing, deferred compensation, bonuses, stock options, stock purchase,
phantom stock, stock appreciation or other forms of incentive compensation or post-retirement
compensation.

     “Employees” means U.S. Employees and Non-U.S. Employees.

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

     “FIS” has the meaning set forth in the preamble to this Agreement.

     “FIS 401(k) Plan” means the Fidelity National Information Services, Inc. 401(k) Profit Sharing
Plan, as may be amended from time to time.

     “FIS Annual Incentive Plan” is defined in Section 2.7 herein.

     “FIS Deferred Compensation Plan” is defined in Section 2.6(a) herein.

     “FIS ESPP” means the Fidelity National Information Services, Inc. Employee Stock Purchase
Plan, as may be amended from time to time.

     “FIS Flex Plans” is defined in Section 2.3 herein.

     “FIS Group” means FIS, the FIS Subsidiaries and each Person that is an Affiliate of FIS (other
than LPS or any LPS Group Member) immediately after the Effective Date.

     “FIS Health Plans” is defined in Section 2.2 herein.

     “FIS Option” is defined in Section 3.1(b) herein.

2

 

     “FIS Restricted Share” means an unvested restricted share of FIS common stock issued pursuant
to an Employee Benefit Plan maintained by the FIS Group.

     “FIS Stock Account” is defined in Section 2.1(d) herein.

     “FIS Welfare Plan” is defined in Section 2.4 herein.

     “Group Member” means either a member of the LPS Group or a member of the FIS Group, as the
context requires.

     “Interim Period” is defined in Section 2.1(f) herein.

     “LPS” has the meaning set forth in the preamble to this Agreement.

     “LPS 401(k) Plan” is defined in Section 2.1(a) herein.

     “LPS Annual Incentive Plan” is defined in Section 2.7 herein.

     “LPS Common Stock” is defined in Section 3.1(b) herein.

     “LPS Conversion Ratio” shall equal the closing price of a share of FIS common stock on the New
York Stock Exchange on the Effective Date divided by the “when-issued” closing price of a share of
LPS Common Stock on the New York Stock Exchange on the Effective Date.

     “LPS Deferred Compensation Plan” is defined in Section 2.6(a).

     “LPS Director” means any individual who will serve as a director of an LPS Group Member on the
first day immediately following the Effective Date and who will not also serve as a director of the
FIS Group on such date.

     “LPS ESPP” is defined in Section 3.3(a) herein.

     “LPS ESPP FIS Stock Account” is defined in Section 3.3(c) herein.

     “LPS Flex Plans” is defined in Section 2.3 herein.

     “LPS Group” means LPS, the LPS Subsidiaries and each Person that LPS controls, directly or
indirectly, immediately after the Effective Date.

     “LPS Group Member” means a member of the LPS Group.

     “LPS Health Plans” is defined in Section 2.2 herein.

     “LPS Restricted Shares” is defined in Section 3.2(a) herein.

     “LPS Welfare Plan” is defined in Section 2.4 herein.

     “Non-U.S. Employee” means an employee of LPS or any LPS Group Member on a non-U.S. payroll.

     “Party” and “Parties” have the meanings set forth in the preamble to this Agreement.

3

 

     “Person” means an individual, a partnership, a corporation, a limited liability company, an
association, a joint stock company, a trust, a joint venture, an unincorporated organization and a
governmental entity or any department, agency, or political subdivision thereof.

     “Spin-off” has the meaning set forth in the Contribution Agreement.

     “Subsidiaries” means with respect to any specified Person, any corporation or other legal
entity of which such Person controls or owns, directly or indirectly, more than fifty percent (50%)
of the stock or other equity interest entitled to vote on the election of the members to the board
of directors or similar governing body.

     “Transfer Date” means, with respect to each of the following, the date as soon as practicable
after the quarter ending June 30, 2008 when FIS shall cause the Transferred Employees’ accounts, if
any, under (a) the FIS 401(k) Plan to be transferred to the LPS 401(k) Plan; (b) the FIS Flex Plans
to be transferred to the LPS Flex Plans; (c) the FIS ESPP to be transferred to the LPS ESPP; and
(d) the FIS Deferred Compensation Plan to be transferred to the LPS Deferred Compensation Plan.

     “Transferred Employee” means an individual who is an employee of LPS or any LPS Group Member
on the first day immediately following the Asset Contribution Date and who is not also an employee
of the FIS Group on such date.

     “Transition Period” means the period commencing on the Effective Date and continuing until
December 31, 2008.

     “U.S. Employee” means an employee of LPS or any LPS Group Member on a U.S. payroll.

ARTICLE II

EMPLOYEE MATTERS

     Section 2.1 401(k) Plan.

          (a) Effective on or before the Effective Date, LPS shall adopt, or cause the applicable LPS
Group Member to adopt, a 401(k) plan and related trust which are intended to be tax-qualified under
Code Section 401(a) and to be exempt from taxation under Code Section 501(a)(1) (collectively, the
“LPS 401(k) Plan”) under which Employees shall be eligible to participate on substantially
similar terms and conditions as were applicable under the FIS 401(k) Plan immediately prior to the
Effective Date. The Transferred Employees shall be eligible to participate in the LPS 401(k) Plan
on the Effective Date.

          (b) On the Transfer Date, FIS shall cause the accounts, if any, of any Transferred Employee
who is employed by LPS or an LPS Group Member immediately prior to the Transfer Date, their
beneficiaries and their respective alternate payees, if any, under the FIS 401(k) Plan to be
transferred to the LPS 401(k) Plan, and LPS shall cause such transferred accounts to be accepted by
the LPS 401(k) Plan in accordance with Section 414(l) of the Code, to the extent applicable. Any
outstanding Transferred Employee loan balances under the FIS 401(k) Plan shall also be transferred
with the underlying accounts.

          (c) Such transfer shall include credit for any FIS employer matching contributions allocable
for the period ending on the last day such Transferred Employees participate in the FIS 401(k)
Plan, it being understood that no condition exists that such Transferred Employees be employed by a
participating employer on any other date to be eligible for such allocation.

4

 

          (d) The transfer of such accounts shall be made in cash, interests in mutual funds, securities
or other property or in a combination thereof, as the Parties may agree; provided,
however, that, (1) to the extent practicable, the transferred accounts shall be reinvested
initially in investments under the LPS 401(k) Plan that are comparable to the investments in which
such accounts were invested immediately before the Transfer Date and (2) the portions of the
transferred accounts invested in FIS common stock shall be transferred in-kind to an account for
FIS common stock in the LPS 401(k) Plan (the “FIS Stock Account”). LPS shall indemnify and
hold harmless FIS for any liability arising from, or related to, the transfer contemplated by the
foregoing provisions of this Section 2.1.

          (e) The FIS Stock Accounts shall be frozen immediately after the transfer so that
contributions may not be allocated to, or transferred into, the FIS Stock Accounts after the
transfer; provided, however, that participants in the LPS 401(k) Plan with FIS
Stock Accounts may diversify out of their FIS Stock Accounts at any time.

          (f) During the period commencing on the Effective Date and continuing until immediately before
the Transfer Date (the “Interim Period”), LPS shall use commercially reasonable efforts to
furnish, or cause to be furnished, to FIS such information as is reasonably necessary for FIS to
properly administer during the Interim Period the Transferred Employees’ accounts under the FIS
401(k) Plan and maintain records accurately with respect thereto, including, without limitation,
informing FIS of any employment terminations of Transferred Employees occurring during the Interim
Period. 

          (g) The Transferred Employees shall, effective as of the Effective Date, cease to be eligible
to participate in, and to have any further payroll deductions withheld pursuant to, the FIS 401(k)
Plan. LPS shall be obligated to make to the LPS 401(k) Plan any employer matching contributions
that become payable to the Transferred Employees on or after the Effective Date in accordance with
the terms of the LPS 401(k) Plan.

     Section 2.2 Health and Dental Plans. Effective on or before the Effective Date, LPS
shall adopt, or cause the applicable LPS Group Member to adopt, medical and dental benefit plans
(collectively, the “LPS Health Plans”) under which Employees shall be eligible to
participate on substantially similar terms and conditions as were applicable under the FIS medical
and dental benefit plans (collectively, the “FIS Health Plans”) immediately prior to the
Effective Date. The Transferred Employees shall be eligible to participate in the LPS Health Plans
immediately after the Effective Date. The Transferred Employees shall, effective as of the
Effective Date, cease to be eligible to participate in, and to have any further payroll deductions
withheld pursuant to, the FIS Health Plans. Following the Effective Date, LPS shall, or shall
cause the applicable LPS Group Member to, waive limitations on eligibility, enrollment and benefits
relating to any preexisting medical conditions of the Transferred Employees and their eligible
dependents; provided, however, that such waiver of preexisting conditions shall not
extend to any condition that prevented a Transferred Employee’s, spouse’s or dependent’s coverage
under the FIS Health Plans as of the Effective Date. Following the Effective Date, LPS shall
recognize, or shall cause the applicable LPS Group Member to also recognize, for purposes of annual
deductible and out-of-pocket limits under the LPS Health Plans, deductible and out-of-pocket
expenses paid by Transferred Employees and their respective dependents under the FIS Health Plans
in the calendar year in which the Effective Date occurs to the extent that the Transferred
Employees participate in any such FIS Health Plans in such same calendar year.

     Section 2.3 Health and Dependent Care Flexible Spending Account Plans. Effective on
or before the Effective Date, LPS shall adopt, or cause the applicable LPS Group Member to adopt,
health and dependent care flexible spending account plans (the “LPS Flex Plans”) under
which eligible U.S. Employees shall be eligible to participate on substantially similar terms and
conditions as were applicable under the FIS health and dependent care flexible spending account
plans (the “FIS Flex Plans”)

5

 

immediately prior to the Effective Date. The Transferred Employees shall be eligible to
participate in LPS Flex Plans on the Effective Date. The Transferred Employees shall, effective as
of the Effective Date, cease to be eligible to participate in, and to have any further payroll
deductions withheld pursuant to, the FIS Flex Plans. The beginning balance in the LPS Flex Plans
of each Transferred Employee who participated in the FIS Flex Plans as of the Effective Date shall
be the unused portion of the balance in the FIS Flex Plans. On the Transfer Date, FIS shall
transfer any unused amount in the FIS Flex Plans (on behalf of any Transferred Employee who is
employed by LPS or an LPS Group Member immediately prior to the Transfer Date) to LPS and LPS shall
credit such transferred amounts to its LPS Flex Plans on behalf of such Transferred Employees. All
claims for reimbursement after the Effective Date, including those incurred before the Effective
Date but not yet reimbursed from the FIS Flex Plans, shall be submitted to the LPS Flex Plans. For
avoidance of doubt, this transaction shall not trigger a mid-year election change and the
Transferred Employees’ salary reduction elections under the FIS Flex Plans shall continue for the
balance of the plan year under the LPS Flex Plans. During the Interim Period, LPS shall use
commercially reasonable efforts to furnish, or cause to be furnished, to FIS such information as is
reasonably necessary for FIS to properly administer during the Interim Period the Transferred
Employees’ accounts under the FIS Flex Plans and maintain records accurately with respect thereto,
including, without limitation, informing FIS of any employment terminations of Transferred
Employees occurring during the Interim Period.  LPS shall indemnify and hold harmless
FIS for any liability arising from, or related to, the transfer contemplated by the foregoing
provisions of this Section 2.3.

     Section 2.4 Other Welfare Plans. Effective on or before the Effective Date, LPS shall
adopt, or cause the applicable LPS Group Member to adopt employee welfare benefit plans (as defined
in Section 3(1) of ERISA) not already described in Sections 2.2 and 2.3 above (collectively, the
“LPS Welfare Plans”) under which eligible Employees shall be eligible to participate on
substantially similar terms and conditions as were applicable under the employee welfare benefit
plans maintained by FIS for Employees immediately prior to the Effective Date (collectively, the
“FIS Welfare Plans”). The Transferred Employees shall be eligible to participate in the
LPS Welfare Plans on the Effective Date. The Transferred Employees shall, effective as of the
Effective Date, cease to be eligible to participate in, and to have any further payroll deductions
withheld pursuant to, the FIS Welfare Plans.

     Section 2.5 Credit for Service. To the extent that service is relevant for purposes
of eligibility and vesting (and, in order to calculate the amount of any vacation, sick days,
severance and similar benefits, but not for purposes of defined benefit pension benefit accruals)
under any retirement plan, employee benefit plan, program or arrangement established or maintained
by LPS or any LPS Group Member for the benefit of the Transferred Employees, such plan, program or
arrangement shall credit such Transferred Employees for service earned on and prior to the
Effective Date with FIS or any FIS Group Member or any of their respective predecessors in addition
to service earned with LPS or any LPS Group Member after the Effective Date, except to the extent
such (a) credit would result in an unintended duplication of benefits or (b) time period of service
is not otherwise credited to other participants covered under the applicable LPS Group plan,
program or arrangement.

     Section 2.6 Nonqualified Deferred Compensation Plans.

          (a) Effective on or before the Effective Date, LPS shall adopt, or cause the applicable LPS
Group Member to adopt, nonqualified deferred compensation plans (the “LPS Deferred Compensation
Plan”) under which specified U.S. Employees shall be eligible to participate on substantially
similar terms and conditions as were applicable under the deferred compensation plans maintained by
FIS for U.S. Employees immediately prior to the Effective Date (the “FIS Deferred Compensation
Plan”) and under which LPS was an adopting employer.

          (b) The eligible Transferred Employees shall be eligible to participate in the LPS Deferred
Compensation Plan on the Effective Date. The Transferred Employees shall, effective as

6

 

of the Effective Date, cease to be eligible to participate in, and to have any further payroll
deductions withheld pursuant to, the FIS Deferred Compensation Plan.

          (c) As of the Effective Date, (i) LPS shall cease to be an adopting employer of the FIS
Deferred Compensation Plan and (ii) FIS shall assign to LPS (or the applicable LPS Group Member),
and LPS (or the applicable LPS Group Member) shall assume, all obligations and liabilities of FIS
with respect to participating Transferred Employees under the FIS Deferred Compensation Plan who
are employed by LPS or an LPS Group Member immediately prior to the Transfer Date;
provided, however, that on the Transfer Date, FIS shall transfer, or cause to be
transferred, to LPS or the applicable LPS Group Member (or a rabbi trust established with respect
to the LPS Deferred Compensation Plan) cash or other assets equal to the aggregate value of the
liabilities attributable to such Transferred Employees under the FIS Deferred Compensation Plan as
of the Transfer Date. As of the Effective Date, FIS shall assign and transfer to LPS the life
insurance policy issued by Pacific Life Insurance Company and owned by FIS insuring the life of
Jeffrey S. Carbiener. LPS shall indemnify and hold harmless FIS for any liability arising from, or
related to, the transfer contemplated by the foregoing provisions of this Section 2.6.

          (d) During the Interim Period, LPS shall use commercially reasonable efforts to furnish, or
cause to be furnished, to FIS such information as is reasonably necessary for FIS to properly
administer during the Interim Period the Transferred Employees’ accounts under the FIS Deferred
Compensation Plan and maintain records accurately with respect thereto, including, without
limitation, informing FIS of any employment terminations of Transferred Employees occurring during
the Interim Period.

          (e) For avoidance of doubt, (i) this transaction shall not trigger a termination of employment
for the Transferred Employees who are employed by LPS or an LPS Group Member immediately prior to
the Effective Date and (ii) the deferral elections for such Transferred Employees shall continue
for the balance of the plan year under the LPS Deferred Compensation Plan.

     Section 2.7 Annual Incentive Plan. Effective on or before the Effective Date, LPS
shall adopt, or cause the applicable LPS Group Member to adopt, an annual incentive plan (the
“LPS Annual Incentive Plan”) under which Employees shall be eligible to participate on
substantially similar terms and conditions as were applicable under the annual incentive plan
maintained by FIS for Employees immediately prior to the Effective Date (the “FIS Annual
Incentive Plan”). Any Transferred Employees who participate in the FIS Annual Incentive Plan
prior to the Effective Date shall, effective as of the Effective Date, (a) cease to be eligible to
participate in the FIS Annual Incentive Plan and (b) be eligible to participate in the LPS Annual
Incentive Plan.

ARTICLE III

STOCK OPTIONS AND STOCK-BASED INCENTIVE COMPENSATION

     Section 3.1 Options.

          (a) Effective on or before the Effective Date, LPS shall adopt, or cause the applicable LPS
Group Member to adopt, an equity-based plan for the benefit of employees of the LPS Group.

          (b) On the Effective Date, each outstanding option to purchase FIS common stock (“FIS
Option”) held by Transferred Employees (who are employed by LPS or an LPS Group Member
immediately prior to the Effective Date) and LPS Directors shall, without any action on the part of
FIS or such holders, automatically be substituted by LPS insofar as they relate to FIS Options held by

7

 

such Transferred Employees and LPS Directors, and each FIS Option so substituted shall,
without any action on the part of LPS or the holder of such FIS Option, automatically become an
option to acquire, on the same terms and conditions as were applicable under the FIS Option
immediately prior to the Effective Date, a number of shares of common stock, $0.0001 par value per
share, of LPS (“LPS Common Stock”) determined as follows:

               (i) the number of shares of LPS Common Stock subject to each FIS Option substituted by LPS
shall be determined by multiplying the number of shares of FIS common stock that were subject to
such FIS Option immediately prior to the Effective Date by the LPS Conversion Ratio, and rounding
the resulting number down to the nearest whole number of shares of LPS Common Stock; and

               (ii) the per share exercise price for LPS Common Stock issuable upon exercise of each FIS
Option substituted by LPS shall be determined by dividing the per share exercise price of FIS
common stock subject to such FIS Option, as in effect immediately prior to the Effective Date, by
the LPS Conversion Ratio, and rounding the resulting exercise price up to the nearest whole cent.

          (c) On the Effective Date, (i) one-half of the FIS Options held by Dual Employees shall be
converted to LPS options in accordance with Section 3.1(b) herein and (ii) one-half of the FIS
Options held by Dual Employees shall be adjusted in the same manner as FIS Options are adjusted for
FIS Employees who do not become LPS Employees.

          (d) Any restriction on the exercise of any FIS Option substituted by LPS shall continue in
full force and effect, and the term, exercisability, vesting schedule and other provisions of such
FIS Option shall otherwise remain unchanged as a result of the substitution of such FIS Option.

     Section 3.2 FIS Restricted Stock.

          (a) On the Effective Date, FIS Restricted Shares held by Transferred Employees (who are
employed by LPS or an LPS Group Member immediately prior to the Effective Date) and LPS Directors
immediately prior to the Effective Date shall be substituted into the number of restricted shares
of LPS Common Stock (the “LPS Restricted Shares”) determined by multiplying the number of
FIS Restricted Shares by the LPS Conversion Ratio. Following such conversion, all LPS Restricted
Shares shall be subject to the equivalent vesting restrictions and other terms and conditions as
were applicable to FIS Restricted Shares.

          (b) On the Effective Date, (i) one-half of the FIS Restricted Shares held by Dual Employees
immediately prior to the Effective Date shall be substituted into LPS Restricted Shares in
accordance with Section 3.2(a) and (ii) one-half of the FIS Restricted Shares held by Dual
Employees immediately prior to the Effective Date shall be adjusted in the same manner as FIS
Restricted Shares are adjusted for FIS Employees who do not become LPS Employees. The additional
FIS Restricted Shares shall be subject to the equivalent vesting restrictions and other terms and
conditions as were applicable to FIS Restricted Shares.

     Section 3.3 Employee Stock Purchase Plan.

          (a) Effective on or before the Effective Date (or such other date as may be agreed to by the
Parties), LPS shall adopt, or cause the applicable LPS Group Member to adopt, an employee stock
purchase plan (the “LPS ESPP”) that is substantially similar to the FIS ESPP in which

8

 

Employees participate immediately prior to the Effective Date. The Transferred Employees
shall be eligible to participate in the LPS ESPP on the Effective Date.

          (b) On the Transfer Date, FIS shall cause the accounts, if any, of any Transferred Employee
who is employed by LPS or an LPS Group Member immediately prior to the Transfer Date under the FIS
ESPP to be transferred to the LPS ESPP, and LPS shall cause such transferred accounts to be
accepted by the LPS ESPP. For purposes of the one-year requirement for matches under the LPS ESPP,
LPS will give credit to Transferred Employees for their service with any FIS Group Member
immediately prior to the Effective Date. LPS shall indemnify and hold harmless FIS for any
liability arising from, or related to, the transfer contemplated by the foregoing provisions of
this Section 3.3.

          (c) During the Interim Period, LPS shall use commercially reasonable efforts to furnish, or
cause to be furnished, to FIS such information as is reasonably necessary for FIS to properly
administer during the Interim Period the Transferred Employees’ accounts under the FIS ESPP and
maintain records accurately with respect thereto, including, without limitation, informing FIS of
any employment terminations of Transferred Employees occurring during the Interim Period.

          (d) The portions of the transferred accounts invested in FIS common stock shall be transferred
in-kind to an account in the LPS ESPP (the “LPS ESPP FIS Stock Account”). The LPS ESPP FIS
Stock Accounts shall be frozen immediately after the transfer so that contributions may not be
allocated to, or transferred into, the LPS ESPP FIS Stock Accounts after the transfer;
provided, however, that participants in the LPS ESPP with LPS ESPP FIS Stock
Accounts may receive a distribution of FIS common stock out of their LPS ESPP FIS Stock Account at
any time.

          (e) The Transferred Employees shall, effective as of the Effective Date, cease to be eligible
to participate in and to have any further payroll deductions withheld pursuant to the FIS ESPP.

          (f) LPS shall be obligated to make to the LPS ESPP any employer matching contributions that
become payable to the Transferred Employees for quarters ending after the Effective Date in
accordance with the terms of the LPS ESPP. For purposes of clarification, such contributions shall
include matches attributable to contributions made by Transferred Employees to the FIS ESPP which
contributions were transferred to the LPS ESPP pursuant to Section 3.3(b).

ARTICLE IV

MISCELLANEOUS

     Section 4.1 Amendment or Termination of Employee Benefit Plans. Notwithstanding
anything herein to the contrary, neither the LPS Group nor the FIS Group shall be restricted in any
way from amending or, with thirty (30) days’ advance written notice to the other Party,
terminating, at any time or for any reason, their respective Employee Benefit Plans, in whole or in
part, or with respect to any employee or group of employees; provided, however,
that FIS shall provide LPS with at least thirty (30) days’ advance written notice before the
effectiveness of any material amendment by FIS of any FIS Employee Benefit Plan in which Employees
participate.

     Section 4.2 Entire Agreement. This Agreement constitutes the entire agreement between
the Parties with respect to the subject matter hereof and supersedes all prior written and oral
(and all contemporaneous oral) agreements and understandings with respect to the express subject
matter hereof. For purposes of this Section 4.2 only, references herein to this Agreement shall
include the Schedules and Exhibits to this Agreement.

9

 

     Section 4.3 Cooperation. FIS and LPS agree to, and to cause their Group Members to,
cooperate and use reasonable efforts to promptly (a) comply with all requirements of this
Agreement; ERISA, the Code and other laws and regulations that may be applicable to the matters
addressed herein, (b) subject to applicable law, provide each other with such information
reasonably requested by the other Party to assist the other Party in administering the Employee
Benefit Plans, including for purposes of payroll administration and auditing and reviewing charges,
costs and allocation methodologies with respect to the provision of benefits under the Employee
Benefit Plans; (c) comply with applicable law and regulations and the terms of this Agreement; and
(d) to the extent agreed upon by LPS and FIS, establish one or more replacement Employee Benefit
Plans for LPS.

     Section 4.4 Dispute Resolution. Each of FIS and LPS mutually desire that friendly
collaboration will continue between them. Accordingly, they will try to resolve, in an amicable
manner, all disagreements and misunderstandings connected with their respective rights and
obligations under this Agreement, including any amendments thereto. In furtherance thereof, in the
event of any dispute or disagreement (a “Dispute”) between the Parties in connection with
this Agreement, each of FIS and LPS agree that the Dispute shall be resolved in accordance with the
Dispute resolution provisions set forth in the Contribution Agreement.

     Section 4.5 Third Party Beneficiaries. This Agreement shall not confer third-party
beneficiary rights upon any employee of the LPS Group or FIS Group or any other person or entity.
Nothing in this Agreement shall be construed as giving to any such employee or other person or
entity any legal or equitable right against FIS or LPS (or their respective Group Members).
Nothing in this Agreement shall constitute or be construed as an amendment to, or modification of,
any employee benefit plan or arrangement of FIS or LPS (or their respective Group Members) or limit
in any way the right of FIS or LPS (or their respective Group Members) to amend, modify or
terminate any of their respective employee benefit plans or arrangements. This Agreement shall not
constitute a contract of employment and will not give any employee or other person a right to be
employed by, or retained in the employ of, either FIS or LPS (or their respective Group Members),
unless the employee or other person would otherwise have that right under applicable law. This
Agreement shall not be deemed to change the at-will status of any employee.

     Section 4.6 Employment Records. The Parties agree that on, or within a reasonable
time period after, the Effective Date, the FIS Group shall provide to the LPS Group all employment
records for the Employees required to be kept under applicable law or necessary for the conduct of
the business of the LPS Group; provided, however, (a) that such records shall not
include any records to the extent such a transfer would violate applicable law or cause an FIS
Group member to break any agreement with a third party and (b) that such records are in the
possession of the FIS Group. The FIS Group may make, at its expense, and keep copies of such
records. After the Effective Date, as may be necessary for any business purpose of the FIS Group,
or to permit the FIS Group to respond to any government inquiry or audit, defend any claim or
lawsuit or administer any FIS Employee Benefit Plan, the LPS Group will allow the FIS Group
reasonable access to and, if requested, copies of any records relating to all Employees. The FIS
Group shall be responsible for the cost associated with the production and copies of such requested
documents. FIS acknowledges (for itself and its respective Group Members) that LPS and its Group
Members are under no obligation to retain the above-described records for a period of time that
exceeds LPS’ internal document retention policy, or applicable law, whichever is greater.

     Section 4.7 Termination; Liability for Costs.

          (a) This Agreement shall terminate when services are no longer being provided herein.

10

 

          (b) During the term of this Agreement and until the third anniversary of the date on which
this Agreement is terminated, FIS shall indemnify and hold harmless LPS for any liability arising
out of, or related to, any of the FIS Employee Benefit Plans (including, without limitation,
liability related to the administration of the FIS Employee Benefit Plans) other than the actual
costs for services or charge for benefits charged to LPS as contemplated herein, provided that such
liability arises from, or relates to, negligent conduct, willful misconduct or the violation of law
by FIS.

          (c) During the term of this Agreement and until the third anniversary of the date on which
this Agreement is terminated, LPS shall indemnify and hold harmless FIS for any liability arising
from, or related to, the LPS Employee Benefit Plans and any services provided by FIS with respect
to any of the LPS Employee Benefit Plans other than liability that arises from, or relates to,
negligent conduct, willful misconduct or the violation of law by FIS.

     IN WITNESS WHEREOF, the Parties as of the date set forth above have executed this Employee
Matters Agreement.

	 	 	 	 	 
	 	FIDELITY NATIONAL INFORMATION SERVICES, INC.

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	LENDER PROCESSING SERVICES, INC.

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

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