Document:

exv10w1

Exhibit 10.1

Emdeon

Management Bonus Program

PURPOSE

The purpose of the Emdeon Management Bonus Program (the “Program”) is to provide an incentive to
management level employees of Emdeon and its participating subsidiaries (the “Company”) who
contribute to the success of the enterprise. The Program offers eligible employees an opportunity
to earn compensation in addition to their salaries, based upon the performance of the Company
(including its Divisions) and the accomplishment of their Individual Goals.

PROGRAM ADMINISTRATION

The Compensation Committee of the Board of Directors (the “Committee”), in consultation with the
Chief Executive Officer of the Company (the “CEO”), shall administer the Program. The CEO will
oversee and interpret (including the amount payable to any individual participant) any and all
aspects of the Program. The CEO (other than with respect to himself) shall make final
recommendations to the Committee regarding both the amount and the timing of any bonus payments
pursuant to the Program. The Committee shall review and approve the CEO’s recommendations.

Program awards made to “Covered Officers,” as defined in the Emdeon Inc. 2009 Equity Incentive Plan
(the “Incentive Plan”), shall be administered as “Performance Awards” described in the Incentive
Plan. Accordingly, notwithstanding anything herein to the contrary, all grants, decisions,
interpretations and administration with respect to Program awards to Covered Officers shall be
finally made solely by the Committee and consistently with Section 11 of the Incentive Plan.

PROGRAM YEAR

The Program will be effective from January 1 of each fiscal year of the Company through December 31
of such fiscal year (the “Program Year”).

PARTICIPANT ELIGIBILITY

Eligible participants generally include regular full-time employees classified as Director level
and above.

An employee must be employed or meet the eligibility criteria on or before September 30 of the
Program Year to be eligible to participate in the Program for that year. If a person otherwise
eligible for participation in the Program becomes an employee of the Company during the fiscal
year, the employee will be eligible to receive a prorated portion of the annual bonus based upon
the employee’s first date of employment. Generally, ineligible participants would include:

 

 

	 	•	 	Temporary employees, independent contractors and consultants
	 
	 	•	 	Anyone eligible to participate in a commission plan or other cash incentive plan
	 
	 	•	 	Employees who do not have a signed Trade Secret and Proprietary Information
Agreement on file with the Company
	 
	 	•	 	Anyone not actively employed on the date the bonuses are distributed
	 
	 	•	 	Anyone failing to achieve a personal performance rating for the Program Year of 3, 4
or 5
	 
	 	•	 	Any other employee that does not meet the eligibility criteria above

An employee must be an active employee of the Company on the date the bonuses are distributed to
employees to be eligible to receive any payment under the Program.

BONUS POTENTIAL

The target bonus potential is calculated as a percentage of the employee’s annual salary as of
December 31 of the Program Year to which the bonus relates. The guidelines for determining target
bonus potential are based on the employee’s level and role. These guidelines, however, may be
adjusted to reflect the significance, scope and level of accountability for a given position.
Adjustments (increases or reductions) to the target bonus potential levels may be made at the
discretion of the CEO. Additionally, certain employee bonus potential amounts are set forth in
written employment agreements. As such, these written agreements shall be controlling.

PROGRAM COMPONENTS

The funding and payment of bonuses is based upon three separate Program components. The three
components are the Company Performance Targets, Division Performance Targets and Individual Goals.

For all eligible employees, a portion of the bonus potential will be based on the Company’s
Performance Targets and Individual Goals. In addition, for those employees whose job
responsibilities are primarily related to a particular Division (Payer, Provider, Pharmacy), a
portion of the bonus potential will also be based on the achievement of Division Performance
Targets.

The funding of bonuses under the Program is dependent on the achievement of Company Performance
Targets and Division Performance Targets. The Company must declare the payment of bonuses before
any types of payment under this Program can or will be paid. If, and when, bonuses are declared,
financial calculations will be made to determine a funding level for each employee. Individual
bonus payouts are then determined by performance against Individual Goals.

The Program contains several objectives. Each objective has a minimum, target and a maximum level
of performance. For each objective, the bonus payment will range from zero to a maximum percentage
based on the level of performance for that objective. Payment for financial performance between
minimum and target and target and maximum will be linear.

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	•	 	Company Performance Targets

Payments are contingent upon the Company achieving the Company Performance Targets as shall be set
by the Committee within the first ninety days of a Program Year. The Committee shall choose among
the performance criteria and set the applicable targets as set forth in Section 11 of the Incentive
Plan.

	•	 	Division Performance Targets

For those eligible employees whose job responsibilities are primarily related to a particular
Division (Payer, Provider, Pharmacy), payments for a portion of the employee’s bonus amount are
contingent upon the Division achieving the Division Performance Targets as shall be set by the
Committee with respect to each Program Year.

	•	 	Individual Goals

The achievement of Individual Goals (based on Company objectives) is a very important component of
the Program. Once the Company and/or the Division have achieved their performance goals, individual
bonus potential can be greatly impacted by the level of achievement of Individual Goals as
determined by each eligible employee’s manager.

Managers will review each of their bonus-eligible employees and will make a recommendation of 100%
to 0% of the bonus amount based on the achievement of Individual Goals. Managers cannot distribute
or recommend more the 100% of an individual employee’s target amount. However, the bonus
recommendation can be reduced or increased at the discretion of the CEO.

TRANSFER/PROMOTION/DEMOTION

If an employee is transferred to a new role during the Program Year, the employee will be eligible
to participate in the incentive plan that applies to the new role. However, if an employee who was
not eligible for participation in the Program is promoted to a position eligible for participation
in the Program after September 30th of the Program Year, the employee will not be eligible
to participate in the Program until January 1st of the following year.

If the employee becomes ineligible for this Program due to a transfer, demotion or promotion, the
employee will be eligible to receive a prorated award based on the period of participation in the
Program; provided, that the employee must continue to meet the “Conditions For Receiving Payment”
set forth below. Such prorated award will be paid at the same time as awards under the Program.

PAYOUT AND TAXATION

The Company anticipates any bonus amounts earned under the Program for each Program Year will be
paid around March of the year following that Program Year after completion of audited financial
statements for the Program Year and final executive and Committee approval. Specific provisions
regarding distribution are outlined below under the “Conditions for Receiving Payment” section of
the Program.

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Payroll taxes will be withheld from the bonus award as required by law. Bonus awards that employees
receive will be reported as income in the year in which they are paid. Therefore, the bonus payment
with respect to a Program Year, which is expected to be paid in March of the following year, will
be reported as part of an employee’s total W-2 income for the tax year following the Program Year.

CONDITIONS FOR RECEIVING PAYMENT

No bonus award under this Program will be paid to any employee if employment is terminated, whether
voluntary or involuntary, prior to the actual payment distribution date. However, the Company
retains the authority to make exceptions to the foregoing policy in unusual or meritorious cases
including, but not limited to, the death of an employee during the fiscal year, termination of
employment due to total or partial disability, call to active military service or retirement with
the written consent of the Company.

LIMITATIONS AND/OR ADJUSTMENTS

Bonus compensation under the Program is not an integral part of an employee’s compensation package.
An employee’s base salary compensates the employee for the expected results of any given job.
Payment of the bonus compensation is at the discretion of the Company. The Company reserves the
right to review, amend, suspend, and/or terminate the Program, the incentive calculation formulas,
and all other aspects of the Program at any time. Program changes will be based on a determination
of the Company’s business needs and do not require prior notification or explanation to eligible
employees.

An employee’s participation in the Program shall not be construed as an employment contract or as a
promise of continuing employment between the Company and the employee. Employment with the Company
is terminable at will.

4exv10w26

Exhibit
10.26

2008 STOCK INCENTIVE PLAN OF SS&C TECHNOLOGIES HOLDINGS, INC.

STOCK OPTION GRANT NOTICE AND

STOCK OPTION AGREEMENT

STOCK OPTION GRANT NOTICE

Unless otherwise defined herein, the terms defined in the 2008 Stock Incentive Plan (the “Plan”) of
SS&C Technologies Holdings, Inc. (the “Company”) shall have the same defined meanings in this Stock
Option Grant Notice and Stock Option Agreement.

You have been granted an option to purchase common stock, par value $0.01 per share, of the Company
(the “Common Stock”), subject to the terms and conditions set forth in this Stock Option Grant
Notice, the Stock Option Agreement attached hereto as Appendix A (collectively, the “Agreement”)
and the Plan, as follows:

	 	 	 
	Name of Participant:
	 	 
	 

	 	 
 
	 
	 	 
	Total Number of Shares subject to the Option:
	 	 
	 

	 	 
 
	 
	 	 
	Exercise Price per Share:

	 	$
 
 
	 
	 	 
	Total Exercise Price:

	 	$
 
 
	 
	 	 
	Grant Date:
	 	 
	 

	 	 
 
	 
	 	 
	Type of Option:

	 	[Incentive] [Nonstatutory] Stock Option
	 
	 	 
	Final Expiration Date:

	 	[10 years from Grant Date]

	 	 	 
	Vesting Schedule:

	 	This option will vest and become exercisable in accordance with the
vesting schedule set forth in Section 2 of the Stock Option
Agreement.

	 	 	 	 
	SS&C TECHNOLOGIES HOLDINGS, INC.
	 
	 	 
	By
	 	 
	 

	 	 
	 

	 	Title:

 

 

APPENDIX A

STOCK OPTION AGREEMENT

	1.	 	Grant of Option.

     This agreement evidences the grant by the Company on the Grant Date to the Participant, of an
option to purchase, in whole or in part, on the terms provided herein and in the Plan, an aggregate
of the Shares set forth in the Stock Option Grant Notice at an Exercise Price per Share set forth
in the Stock Option Grant Notice (without commission or other charge).

     It is intended that the option evidenced by this agreement shall [not] be an incentive stock
option (“Incentive Stock Option”) as defined in Section 422 of the Internal Revenue Code of 1986,
as amended, and any regulations promulgated thereunder (the “Code”). Except as otherwise indicated
by the context, the term “Participant,” as used in this option, shall be deemed to include any
person who acquires the right to exercise this option validly under its terms.

	2.	 	Vesting Schedule.

     (a) This option will become exercisable (“vest”) as to 25% of the original number of Shares on
the first anniversary of the Grant Date and as to an additional 1/36 of the remaining number of
Shares on the day of the month of the Grant Date beginning with each successive month following the
first anniversary of the Grant Date until the fourth anniversary of the Grant Date.1

     (b) This option shall become fully vested and exercisable immediately prior to the effective
date of a Change in Control.

     (c) The right of exercise shall be cumulative so that to the extent this option is not
exercised in any period to the maximum extent permissible it shall continue to be exercisable, in
whole or in part, with respect to all Shares for which it is vested until the earlier of the Final
Expiration Date or the termination of this option under Section 3 hereof or the Plan.

	3.	 	Exercise of Option.

     (a) Form of Exercise. Except as otherwise provided by the Board, each election to
exercise this option shall be in writing (including electronic submission), signed by the
Participant and received by the Company at its principal office, accompanied by this agreement, and
payment in full in the manner provided in the Plan. The Participant may purchase less than the
number of shares covered hereby, provided that no partial exercise of this option may be for any
fractional share or for fewer than ten whole shares.

     (b) Continuous Relationship with the Company Required. Except as otherwise provided
in this Section 3, this option may not be exercised unless the Participant, at the time he or she
exercises this option, is, and has been at all times since the Grant Date, an employee,

 

			
	1	 	Non-employee directors who are not affiliated with The
Carlyle Group will receive options that are fully vested as of the
grant date.

 

 

officer or director of, or consultant or advisor to, the Company or any parent or subsidiary
of the Company as defined in Section 424(e) or (f) of the Code (an “Eligible Participant”).

	 	(c)	 	Expiration of Option.

          (1) This option may not be exercised to any extent by anyone after the first to occur of the
following events:

               (A) The Final Expiration Date;

               (B) Except as the Board may otherwise approve, ninety (90) days following the date of the
Participant’s Termination of Service for any reason other than Cause, death or Disability;

               (C) Except as the Board may otherwise approve, the date of the Participant’s Termination of
Service for Cause;

               (D) Except as the Board may otherwise approve, twelve months following the Participant’s
Termination of Service by reason of the Participant’s death or Disability; or

               (E) Pursuant to the terms of the Stockholders Agreement.

          (2) If, pursuant to the terms of the Stockholders Agreement, the Company has a right to
repurchase the Participant’s Shares, the Company may exercise such call right regardless of whether
the Participant continues to have a right to exercise this option under Section 3(c).

          (3) For the purposes of the Plan and this Agreement, the date of the Termination of Service
shall be the last day of the Participant’s service as a Service Provider, whether such day is
selected by agreement with the Participant or unilaterally by the Company or its Subsidiary and
whether with or without advance notice. For the avoidance of doubt, no period of notice that is
given or that ought to have been given under applicable law in respect of such Termination of
Service will be utilized in determining entitlement under the Plan, the Stockholders Agreement or
this Agreement. Any action by the Company or its Subsidiary taken in accordance with the terms of
the Plan and this Agreement as set out aforesaid shall be deemed to fully and completely satisfy
any liability or obligation of the Company or its Subsidiary to the Participant in respect of the
Plan or this Agreement arising from or in connection with such Termination of Service, including in
respect of any period of notice given or that ought to have been given under applicable law in
respect of such Termination of Service.

	4.	 	Tax Matters.

     (a) Withholding. The Participant shall pay to the Company or any applicable
Subsidiary of the Company, or make provision satisfactory to the Company or such Subsidiary, for
payment of, any taxes required by law to be withheld in connection with the grant, vesting,
assignment and/or exercise of any portion of this option, as applicable. With respect to any
portion of this option that is exercised (i) prior to a Change in Control and (ii) within the
period beginning on the date ninety (90) days prior to the date this option is scheduled to expire

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pursuant to Section 3(c)(1)(B) or Section 3(c)(1)(D) and ending on the date such option is
scheduled to expire pursuant to Section 3(c)(1)(B) or Section 3(c)(1)(D), as applicable, and
subject to any applicable legal conditions or restrictions, the Company shall, upon the
Participant’s request, withhold from the shares of Common Stock otherwise issuable to the
Participant upon the exercise of this option or any portion thereof a number of whole Shares having
a Fair Market Value, determined as of the date of exercise, not in excess of the minimum of tax
required to be withheld by law (or such lower amount as may be necessary to avoid variable award
accounting); provided that the foregoing is at such time permitted under the terms of the
agreements governing any indebtedness to which the Company or any of its Subsidiaries may be a
party; and provided, further that no fractional shares of Common Stock will be retained to satisfy
any portion of the withholding tax and the Participant hereby agrees to satisfy any additional
amount of withholding taxes that are not satisfied through the retention of shares of Common Stock
by the Company. Any shares of Common Stock retained by the Company pursuant to this Section shall
be deducted from the underlying shares to be received by such Participant upon exercise of this
option. Any adverse consequences to the Participant arising in connection with the Share
withholding procedure set forth in the preceding sentence shall be the sole responsibility of the
Participant.

     (b) Disqualifying Disposition. If this option is an Incentive Stock Option and the
Participant disposes of Shares acquired upon exercise of this option within two years from the
Grant Date or one year after such Shares were acquired pursuant to exercise of this option, the
Participant shall notify the Company in writing of such disposition.

	5.	 	Nontransferability of Option.

     This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the
Participant, either voluntarily or by operation of law, except by will or the laws of descent and
distribution, and, during the lifetime of the Participant, this option shall be exercisable only by
the Participant.

	6.	 	Provisions of the Plan and Stockholders Agreement.

     This option is subject to the provisions of the Plan (including the provisions relating to
amendments to the Plan), a copy of which is furnished to the Participant with this option, and the
Stockholders Agreement.

	7.	 	Definitions.

     Whenever the following terms are used in this Agreement, they shall have the meaning specified
below unless the context clearly indicates to the contrary. Capitalized terms used in this
Agreement and not defined below shall have the meaning given such terms in the Plan. The singular
pronoun shall include the plural, where the context so indicates.

     (a) Agreement. “Agreement” shall have the meaning set forth in the Stock Option Grant
Notice.

     (b) Cause. “Cause” shall mean,

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          (1) The Board’s determination that the Participant failed to substantially perform his or her
duties (other than any such failure resulting from the Participant’s disability) which is not
remedied within ten days after receipt of written notice from the Company or one of its
Subsidiaries, as applicable, specifying such failure;

          (2) the Board’s determination that the Participant failed to carry out, or comply with any
lawful and reasonable directive of the Board or the Participant’s immediate supervisor, which is
not remedied within ten days after receipt of written notice from the Company or one of its
Subsidiaries, as applicable, specifying such failure;

          (3) the Participant’s conviction, plea of no contest, plea of nolo contendere, or imposition
of unadjudicated probation for any felony or a crime involving moral turpitude;

          (4) the Participant’s unlawful use (including being under the influence) or possession of
illegal drugs on the Company’s or one of its Subsidiaries’, as applicable, premises or while
performing the Participant’s duties and responsibilities; or

          (5) the Participant’s commission of a material act of fraud, embezzlement, misappropriation,
willful misconduct or breach of fiduciary duty against the Company or one of its Subsidiaries, as
applicable.

Notwithstanding the foregoing, if the Participant is a party to a written employment or consulting
agreement with the Company (or one of its Subsidiaries), then “Cause” shall be as such term is
defined in the applicable written employment or consulting agreement.

     (c) Change in Control. “Change in Control” shall mean the consummation of any
transaction or series of transactions pursuant to which one or more Persons or group of Persons
(other than any Principal Stockholder or its Affiliates) acquires (a) capital stock of the Company
possessing the voting power sufficient to elect a majority of the members of the Board or the board
of directors of the successor to the Company (whether such transaction is effected by merger,
consolidation, recapitalization, sale or transfer of the Company’s capital stock or otherwise) or
(b) all or substantially all of the assets of the Company and its Subsidiaries.

     (d) Company. “Company” shall mean SS&C Technologies Holdings, Inc.

     (e) Disability. “Disability” shall mean “disability,” as such term is defined in
Section 22(e)(3) of the Code.

     (f) Exercise Price. “Exercise Price” shall mean the per share price set forth in the
Stock Option Grant Notice.

     (g) Final Expiration Date. “Final Expiration Date” shall mean the date set forth in
the Stock Option Grant Notice.

     (h) Grant Date. “Grant Date” shall be the date set forth in the Stock Option Grant
Notice.

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     (i) IPO. “IPO” shall mean the Company’s initial public offering of Common Stock
pursuant to a registration statement filed in accordance with the Securities Act of 1933, as
amended.

     (j) Person. “Person” shall mean an individual, partnership, corporation, limited
liability company, business trust, joint stock company, trust, unincorporated association, joint
venture, governmental authority or other entity of whatever nature.

     (k) Plan. “Plan” shall mean the 2008 Stock Incentive Plan of SS&C Technologies
Holdings, Inc.

     (l) Principal Stockholders. “Principal Stockholders” shall mean (i) Carlyle Partners
IV, L.P., a Delaware limited partnership, and CP IV Coinvestment, L.P., a Delaware limited
partnership, and (ii) any of their Affiliates to which (X) any of the Principal Stockholders or any
other Person transfers Common Stock or (Y) the Company issues Common Stock.

     (m) Share. “Share” shall mean a share of Common Stock.

     (n) Stock Option Grant Notice. “Stock Option Grant Notice” shall mean the first page
of this Agreement.

     (o) Stockholders Agreement. “Stockholders Agreement” shall mean that certain
agreement by and between each Participant, the Principal Stockholders, the Company and other
parties thereto, which contains certain restrictions and limitations applicable to options and the
shares of Common Stock acquired upon option exercise or grant of restricted stock. The Board, in
its discretion, shall determine the terms of the Stockholders Agreement and may amend the terms
thereof on behalf of the Company from time to time. If the Participant is not a party to a
Stockholders Agreement at the time of grant of restricted stock or exercise of the option (or any
portion thereof), the grant of restricted stock or, as applicable, the exercise of the option shall
be subject to the condition that the Participant enter into the Stockholders Agreement with the
Company.

     (p) Subsidiary. “Subsidiary” of any entity shall mean any corporation in an unbroken
chain of corporations beginning with such entity if each of the corporations other than the last
corporation in the unbroken chain then owns stock possessing 50% or more of the total combined
voting power of all classes of stock in one of the other corporations in such chain.

     (q) Termination of Service. “Termination of Service” shall mean [the time when the
engagement of a Participant as a Service Provider Stockholder (as defined in the Stockholders
Agreement) is terminated for any reason, with or without cause, including, but not by way of
limitation, by resignation, failure to be elected or appointed, discharge, death or retirement, but
excluding (i) terminations where there is simultaneous commencement by the former Service Provider
Stockholder of a relationship with the Company or a Subsidiary as a Service Provider Stockholder
and (b) at the discretion of the Board, terminations which result in a temporary severance of the
service relationship. The Board, in its good faith judgment, shall determine the effect of all
matters and questions relating to Termination of Service, including, but not byway of limitation,
the question of whether a Termination of Service resulted from discharge for good cause, and all
questions of whether a particular leave of absence constitutes a
Termination of Service. Notwithstanding any other provision of the Plan, the Company or any Subsidiary has an
absolute and unrestricted right to terminate a Service Provider’s service at any time for any
reason, with or without cause, except to the extent expressly provided otherwise in writing] [the
time when the Participant ceases to be a director of the Company].

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