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                                                                   EXHIBIT 10.27

                                2002 CERTEGY INC.
                              ANNUAL INCENTIVE PLAN

1.       PURPOSE

The Certegy Inc. Annual Incentive Plan (the "Plan") rewards eligible employees
for their contribution toward the success of Certegy Inc. (the "Company"). The
purpose of the Plan is to encourage and reward the attainment of established
annual individual and business goals.

2.       DEFINITIONS

The following words and phrases used in the Plan shall have these meanings:

         -        "Change in Control" A "Change in Control" shall be deemed to
                  have occurred upon the occurrence of any of the following
                  events:

                  -        Voting Stock Accumulations. The accumulation by any
                           Person of Beneficial Ownership of 20% or more of the
                           combined voting power of the Company's Voting Stock;
                           provided that for purposes of this paragraph, a
                           Change in Control will not be deemed to have occurred
                           if the accumulation of 20% or more of the voting
                           power of the Company's Voting Stock results from any
                           acquisition of Voting Stock (a) directly from the
                           Company that is approved by the Incumbent Board, (b)
                           by the Company, (c) by any employee benefit plan (or
                           related trust) sponsored or maintained by the Company
                           or any Subsidiary, or (d) by any Person pursuant to a
                           Business Combination that complies with clauses (a),
                           (b) and (c) of the following paragraph;

                  -        Business Combinations. Consummation of a Business
                           Combination, unless immediately following that
                           Business Combination, (a) all or substantially all of
                           the Persons who were the beneficial owners of Voting
                           Stock of the Company immediately prior to that
                           Business Combination beneficially own, directly or
                           indirectly, more than sixty-six and two-thirds
                           percent (66 2/3 %) of the then outstanding shares of
                           common stock and the combined voting power of the
                           then outstanding voting securities entitled to vote
                           generally in the election of Directors of the entity
                           resulting from that Business Combination (including,
                           without limitation, an entity that as a result of
                           that transaction owns the Company or all or
                           substantially all of the Company's assets either
                           directly or through one or more subsidiaries) in
                           substantially the same proportions relative to each
                           other as their ownership, immediately prior to that
                           Business Combination, of the Voting Stock of the
                           Company, (b) no Person (other than the Company, that
                           entity resulting from that Business Combination, or
                           any employee benefit plan (or related trust)
                           sponsored or maintained by the Company, any Eighty
                           Percent (80%) Subsidiary or that entity resulting
                           from that Business Combination) beneficially owns
                           directly or indirectly, 20% or more of the then
                           outstanding shares of common stock of the entity
                           resulting from that Business Combination or the
                           combined voting power of the then outstanding voting
                           securities entitled to vote generally in the election
                           of directors of that entity, and (c) at least a
                           majority of the members

February 2002                                                             Page 1

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                           of the Board of Directors of the entity resulting
                           from that Business Combination were members of the
                           Incumbent Board at the time of the action of the
                           Board of Directors providing for that Business
                           Combination; or

                  -        Liquidation or Dissolutions. Approval by the
                           shareholders of the Company of a complete liquidation
                           or dissolution of the Company, except pursuant to a
                           Business Combination that complies with clauses (a),
                           (b) and (c) of the preceding paragraph; or

                  -        Sale of Assets. A sale or other disposition of all or
                           substantially all of the assets of the Company.

         For purposes of this paragraph, the following definitions will apply:

                  "Beneficial Ownership" means a beneficial ownership as that
                       term is used in Rule 13d-3 promulgated under the Exchange
                       Act.

                  "Business Combination" means a reorganization, merger or
                       consolidation, or a sale or other disposition of all or
                       substantially all of the assets of the Company.

                  "Exchange Act" means the Securities Exchange Act of 1934,
                       including amendments, or successor statutes of similar
                       intent.

                  "Eighty Percent (80%) Subsidiary" means an entity in which the
                       Company directly or indirectly beneficially owns eighty
                       percent (80%) or more of the outstanding Voting Stock.

                  "Incumbent Board" means a Board of Directors at least a
                       majority of whom consist of individuals who either are
                       (a) members of the Company's Board of Directors as of
                       January 1, 2000 or (b) members who become members of the
                       Company's Board of Directors subsequent to January 1,
                       2000 whose election, or nomination for election by the
                       Company's shareholders, was approved by a vote of at
                       least two-thirds (2/3) of the directors then comprising
                       the Incumbent Board (either by a specific vote or by
                       approval of the proxy statement of the Company in which
                       that person is named as a nominee for director, without
                       objection to that nomination), but excluding, for that
                       purpose, any individual whose initial assumption of
                       office occurs as a result of an actual or threatened
                       election contest (within the meaning of Rule 14a-11 of
                       the Exchange Act) with respect to the election or removal
                       of directors or other actual or threatened solicitation
                       of proxies or consents by or on behalf of a Person other
                       than the Board of Directors.

                  "Person" means any individual, entity or group (within the
                       meaning of Section 13 (d)(3) or 14 (d)(2) of the Exchange
                       Act).

February 2002                                                             Page 2

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                  "Voting Stock" means the then outstanding securities of an
                       entity entitled to vote generally in the election of
                       members of that entity's Board of Directors.

         -        "Committee" means the Certegy Inc. Compensation and Human
                  Resources Committee of the Board, or any successor committee
                  to which the responsibilities of that Committee are assigned.

         -        "Company" means Certegy Inc.

         -        "Common Shares" means the Common Shares, par value .01 per
                  share, of the Company or any security into which such Common
                  Shares may be converted.

         -        "Participant" means any salaried employee or officer of an
                  Employer who qualifies for participation in the Plan.

         -        "Employer" shall mean the Company or a subsidiary or affiliate
                  by whom the Participant is employed.

         -        "Incentive Year" means the 12 month period from January 1
                  through December 31, coinciding with the calendar year and the
                  fiscal year of the Company.

         -        "Option Right" means the right to purchase Common Shares upon
                  exercise of an option granted pursuant to an election made
                  under Section 6(a) of this Plan, subject to the terms and
                  conditions of the Certegy Inc. 2001 Stock Incentive Plan.

         -        "Plan" means the Certegy Inc. Annual Incentive Plan

         -        "Plan Objectives" shall mean specified levels of, or growth
                  in, one or more of the following criteria:

                  1.       earnings per share;

                  2.       economic value added;

                  3.       revenue;

                  4.       operating profit;

                  5.       net income;

                  6.       total return to shareholders;

                  7.       cash flow/net assets ratio;

                  8.       debt/capital ratio;

                  9.       return on total capital;

                  10.      return on equity; and

                  11.      common stock price.

February 2002                                                             Page 3

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                  If the Committee makes an award subject to a particular Plan
                  Objective, the Committee shall adopt or confirm a written
                  definition of that Plan Objective at the time of the award.
                  Plan Objectives may be described in terms of Company-wide
                  objectives or objectives that are related to a specific
                  division, subsidiary, Employer, department, region, or
                  function in which the Participant is employed. Plan Objectives
                  may be made relative to the performance of other corporations.

                  If the Committee determines that a change in the business,
                  operations, corporate structure or capital structure of the
                  Company, or the manner in which it conducts its business, or
                  other events or circumstances render the Plan Objectives
                  unsuitable, the Committee may in its discretion modify such
                  Plan Objectives or the related minimum acceptable level of
                  achievement, in whole or in part, as the Committee deems
                  appropriate and equitable.

         -        "Restricted Shares" means Common Shares granted as a
                  consequence of Section 5(e) or pursuant to an election made
                  under Section 6(b) of this Plan, subject to the terms and
                  conditions of the Certegy Inc. 2001 Stock Incentive Plan.

         -        "Salary" means the base salary and overtime earnings of each
                  Participant for the Incentive Year or that portion of the
                  Incentive Year for which the Participant is eligible. Transfer
                  reimbursements, relocation pay, station allowance, severance,
                  and payments made as vacation pay in lieu of time off to
                  retirees and those leaving the company for military service or
                  health disability are excluded from Salary for purposes of
                  this Plan. Salary received while on Salary Continuance is
                  considered to be Salary for purposes of this Plan.

3.       ADMINISTRATION

(a)      The Committee, in its discretion, may delegate to one or more officers
or committees of the Company, or to the Company's compensation department, all
or part of the Committee's authority and duties with respect to Participants who
are not executive officers of the Company or other officers designated by the
Committee. In the event of such delegation, and as to matters encompassed by the
delegation, references in the Plan to the "Committee" shall be interpreted as a
reference to the Committee's delegate or delegates. The Committee may revoke or
amend the terms of a delegation at any time but such action shall not invalidate
any prior actions of the Committee's delegate or delegates that were consistent
with the terms of the Plan.

(b)      Any Option Right or Restricted Share elections under Section 6 will be
specifically approved by the Committee for awards to Participants designated
under Section 6.

(c)      The interpretation and construction by the Committee of any provision
of this Plan, and any determination by the Committee pursuant to any provision
of this Plan, shall be final and conclusive. No member of the Committee shall be
liable for any such action or determination made in good faith.

(d)      The Plan shall be construed and administered in accordance with the
laws of the State of Georgia.

February 2002                                                             Page 4

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4.       ELIGIBILITY FOR PARTICIPATION

(a)      Subject to the eligibility criteria set forth below, all salaried
Participants are eligible to participate in the Plan.

(b)      Participants at salary levels 65-75 and Executive Levels must have
completed at least 3 months of service in the Incentive Year with the Employer
to be eligible for an award at the end of the Incentive Year.

(c)      A Participant who meets the criteria of subsection (b) above will also
be eligible if such Participant was employed by the Employer in an eligible
status at the beginning of the Incentive Year but was converted to a
non-eligible status and continued employment in the non-eligible status through
the Incentive Year, or if the Participant was employed by the Employer in a
non-eligible status at the beginning of the Incentive Year but was converted to
an eligible status and continued employment through the Incentive Year,. In
either event, the applicable award will be calculated only on Salary for that
portion of the year during which the Participant was in an eligible status.

(d)      (i)      Participants who leave the Employer prior to the end of an
Incentive Year on any of the following conditions will nonetheless be eligible
for a pro-rated award under the Plan: (A) Participants who, following at least
three months of service, go onto active duty military service during the
Incentive Year; (B) Participants who, with the consent of the Employer, retire
after reaching age 65, age 50 with 25 years of credited service, or age 55 with
5 years of credited service, during the Incentive Year; (C) Participants who die
during the Incentive Year; (D) Participants who terminate employment because of
disability during the Incentive Year; and (E) Participants who are forced to
terminate employment because of job elimination during the Incentive Year and
who were not offered employment by a company that is coordinated through
Certegy.

         (ii)     A Participant who leaves the Employer under one of these
                  situations described in subsection (d)(i) will receive a
                  pro-rated portion of his or her award normally within 60 days
                  after the end of the Incentive Year in which termination
                  occurs.

(e)      If a Participant's most recent performance review in the Incentive Year
is rated "Below Expectations", then the Participant will not be entitled to any
award under the Plan.

(f)      If a Participant is terminated, or otherwise leaves the employment of
the Employer, prior to the end of the Incentive Year, and prior to actual
payment of the award, for any reason other than those set forth in subsection d
(i) above, then the Participant will not be entitled to any award under the
Plan.

(g)      Notwithstanding anything else contained in this Agreement to the
contrary, if a Change in Control occurs during an Incentive Year, each eligible
Employee will be entitled to receive an award for that Incentive Year which is
the greater of (i) the target award for that Incentive Year, or (ii) the
projected results compared to Plan targets at the time of the Change in Control,
calculated on the basis of compensation earned as of the effective date of the
Change in Control.

February 2002                                                             Page 5

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5.       DETERMINATION OF AWARDS

(a)      For each Incentive Year, the Committee will establish Plan Objectives
for the Company and/or the Employer for Plan purposes. If the Company or the
Employer (as applicable) fails to meet these Plan Objectives for the Incentive
Year, then the Committee may, in its sole discretion, authorize incentive awards
to any, all, or none of the Participants in the Plan based on such
considerations as the Committee deems appropriate.

(b)      If the Company or the Employer (as Applicable) meets the Plan
Objectives for the Incentive Year, then individual incentive awards will be
determined on the basis of actual performance during the Incentive Year as
compared with certain pre-established goals, including the following:

         -        The Committee shall establish the threshold level of Company
                  Performance, as well as the Corporate level performance
                  necessary for maximum incentive award, for each Participant.

         -        The threshold level of the group/business unit goals
                  applicable to Participants shall be based on the annual
                  business plan and other relevant data.

         -        Individual performance goals will be established by the
                  appropriate management authority for each Participant.

         -        The Committee will approve the relative weighting of the
                  above-mentioned goals for each Participant.

         -        A threshold incentive award and a maximum incentive award
                  shall be established for each Participant, expressed in terms
                  of a percentage of that Participant's Salary for the Incentive
                  Year.

(c)      Individual incentive awards will be deemed earned based upon the degree
to which all established goals are attained for the Incentive Year. If a
Participant is rated "below expectation" on his or her individual performance
goals, no incentive award will be made except at the discretion of the
appropriate management authority.

(d)      Participants who are transferred into or out of organizational entities
covered by this Plan will be paid incentive for the months in the specific unit.
Those Participants eligible for participation for a portion of the Incentive
Year will receive an award applicable only to the Salary attributable to that
portion of the Incentive Year during which they were eligible under this Plan.

(e)      The Committee may designate a maximum amount of cash award under the
Plan. If an award, determined on the basis of the criteria described above,
would exceed that maximum, the difference will be paid in Restricted Shares
granted under the Company's 2001 Stock Incentive Plan, at a value determined by
the Committee.

February 2002                                                             Page 6

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6.       CONVERSION OF AWARDS

(a)      Eligible Participants, as determined by the Committee in its sole
discretion, may request that they forego all or part of their award in exchange
for an award of Option Rights. The election to make this request will be made by
the Participant not later than a date each year specified by the Committee, but
in no event to be later than the date when an award is earned. As an additional
incentive for employees and officers to forego the potential receipt of a cash
award, the Committee may approve from time to time a formula that includes an
award premium based on the percentage of the award that is converted.

(b)      Eligible Participants, as determined by the Committee in its sole
discretion, may request that they forego all or part of their award in exchange
for an award of Restricted Stock. The election to make this request will be made
by the Participant not later than a date each year specified by the Committee,
but in no event to be later than the date when an award is earned. As an
additional incentive for employees and officers to forego the potential receipt
of a cash award, the Committee may approve from time to time a formula that
includes an award of additional incremental shares of Restricted Stock

7.       PAYMENT OF AWARDS

Except to the extent that the Award is converted pursuant to Section 6, Awards
will normally be paid to eligible participants as soon as practicable following
the close of the Plan Year.

8.       TERM OF THE PLAN

The Plan shall continue from year to year at the discretion of the Committee. In
keeping with its purposes, the Committee will review the Plan annually and will
consider any modifications which are consistent with the objectives of the Plan
and the financial condition of the Company.

9.       EFFECTIVE DATE

This Plan, as amended and restated, shall become effective upon the approval of
this Plan by the Committee.

10.      NO RIGHT TO CONTINUED EMPLOYMENT

This Plan creates no rights for continued employment on the part of any
Participant, and it shall not interfere in any way with any right the Company or
any Employer would otherwise have to terminate such Participant's employment or
other service at any time.

11.      AMENDMENTS

The Committee may amend, suspend or terminate this Plan at any time.

February 2002                                                             Page 7<PAGE>

                                                                   EXHIBIT 10.28

                     Year 2001 Stock Option Exchange Program
                              Terms and Conditions

[ ]      The election to defer is voluntary, must be made each year, and is
         irrevocable as of 3/9/01.

[ ]      Elections must be made in the form of a percentage of annual incentive
         awards earned, and if participating, may be in any amount between 10%
         and 100%, in whole 5% increments.

[ ]      Grants will be Certegy non-qualified stock options

[ ]      Options are immediately vested in full on the grant date.

[ ]      Grant date will be the date of the Certegy Compensation Committee
         (Committee) meeting in February 2002.

[ ]      Option price will be at fair market value at the close of the NYSE on
         the day of the Committee meeting.

[ ]      If appropriate, currency conversion rates will be established at the
         close of business on the day of the Committee meeting.

[ ]      Option term is 10 years:

         -        Terminates 5 years following retirement, death, disability, or
                  after termination (other than for cause) following a change in
                  control of the granting Company (unless 10-year option term
                  expires sooner);

         -        Terminates one year following termination due to job
                  elimination (unless 10-year option term expires sooner);

         -        Terminates immediately following grantee's voluntary
                  termination;

         -        Terminates immediately following grantee's termination for
                  cause;

         -        Agreement to defer is void if termination occurs prior to
                  Committee approval in February 2002.

[ ]      Option is non-transferable.

<TABLE>
<CAPTION>
[ ]                    % of Cash Incentive               Dollar Value of Stock
                            Exchanged                        Option Grant
                            ---------                        ------------
                       <S>                        <C>

                         10% --  20%                6 x Cash Incentive Exchanged

                         25% --  45%                8 x Cash Incentive Exchanged

                         50% -- 100%               10 x Cash Incentive Exchanged
</TABLE>

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