Document:

Form of The Western Union Company 2006 Non-Employee Director Equity Compensation

 Exhibit 10.9 
 THE WESTERN UNION COMPANY 
 2006 NON-EMPLOYEE DIRECTOR EQUITY COMPENSATION PLAN 

 THE WESTERN UNION COMPANY 
 2006 NON-EMPLOYEE DIRECTOR EQUITY COMPENSATION PLAN 
 1. Purpose. The purposes of the
2006 Non-Employee Director Equity Compensation Plan (the “Plan”) of The Western Union Company, a Delaware corporation (the “Company”), are (i) to align the interests of the Company’s stockholders and
members of the Board of Directors of the Company (the “Board”) who are not employees of the Company or any of its subsidiaries by increasing the proprietary interest of the Board members in the Company’s growth and success and
(ii) to advance the interests of the Company by attracting, motivating and retaining highly qualified Board members. 
 2. Administration. The
Plan shall be administered by the Compensation and Benefits Committee of the Board (the “Committee”). Subject to the terms, conditions and restrictions specified in Sections 5, 6 and 7, the Committee may grant any one or a
combination of the following awards under this Plan to eligible persons: (i) non-qualified stock options (“NQOs”), (ii) stock appreciation rights (“SARs”), (iii) restricted stock awards,
(iv) unrestricted stock units, and (v) restricted stock units. 
 The Committee shall, subject to the terms of this Plan, select
from among the eligible persons for participation in this Plan and determine the form, amount and timing of each award to such persons, the exercise price or base price associated with the award, the time and conditions of exercise or settlement of
the award and all other terms and conditions of the award, including, without limitation, the form of the Agreement evidencing the award. 
 The Committee may, in its sole discretion and for any reason at any time, take action such that (i) any or all outstanding NQOs and SARs shall become exercisable in part or in full and (ii) all or a portion of the Restriction
Period applicable to any restricted stock award or restricted stock unit award shall lapse. 
 The Committee shall, subject to the terms of
this Plan, interpret this Plan and the application thereof, establish amend and revoke rules, regulations and procedures as it deems necessary or desirable for the administration of the Plan, adopt sub-plans applicable to specific subsidiaries,
affiliates or locations as it deems necessary or desirable, and may impose, incidental to the grant of an award, conditions with respect to the award. Any rules, regulations or procedures established by the Committee with respect to elections made
by eligible persons under this Plan to convert such person’s annual cash retainer fee for services as a director of the Company to a NQO or unrestricted stock unit award shall require that such election be made in such a time and manner so as
to satisfy the requirements sections 409A(a)(2), (3) or (4) of the United States Internal Revenue Code of 1986, as amended (the “Code”). The Committee may require, as a condition to the issuance, exercise, settlement or
acceptance of an award under this Plan, that the award recipient agree to mandatory arbitration to settle any disputes relating to such award. All such interpretations, rules, regulations and conditions shall be final, binding and conclusive.

 In exercising its power and authority hereunder with respect to Replacement and Substitute Awards, as
defined in Section 3 below, held by certain current and former directors of First Data Corporation, including any subsidiary or affiliate (collectively, “First Data”) (and their respective transferees), the Company shall
(i) act in good faith and (ii) cooperate with and give due regard to any information provided by First Data. In addition, with respect to such Replacement and Substitute Awards, the Company shall not, without the prior written consent of
the First Data Compensation Committee, take any discretionary action to accelerate vesting of any such awards. 
 A majority of the Committee
shall constitute a quorum. The acts of the Committee shall be either (i) acts of a majority of the members of the Committee present at any meeting at which a quorum is present or (ii) acts approved in writing by all of the members of the
Committee without a meeting. The Committee may authorize any one or more of their number or the Secretary or any other officer of the Company to execute and deliver documents on behalf of the Committee. 
 No member of the Board or the Committee, and no other officer of the Company or Secretary to whom the Committee delegates any of its power and authority
hereunder, shall be liable for any act, omission, interpretation, construction or determination made in connection with this Plan in good faith, and the members of the Board and the Committee and such officers or Secretary shall be entitled to
indemnification and reimbursement by the Company in respect of any claim, loss, damage or expense (including attorneys’ fees) arising therefrom to the full extent permitted by law. 
 3. Eligibility. Each member of the Board who is not an employee of the Company, any of its subsidiaries or any of its affiliates (“Non-Employee Director”) shall be eligible to receive awards
under the Plan. As used herein, the term “subsidiary” means any corporation or other trade or business at least 50% of whose outstanding voting stock is owned, directly or indirectly, by the Company. As used herein, the term
“affiliate” means any person who owns, directly or indirectly, at least 10% of the outstanding voting stock of the Company. 
 In
connection with the spin-off of the Company, certain current and former directors of First Data will receive awards pursuant to the employee matters agreement entered into by the Company as of [Insert Date] (“Replacement and
Substitute Awards”). 
 4. Shares Available. 
 (a) Plan Share Limit. Subject to adjustment as provided in Section 9, 1,500,000 shares of common stock of the Company shall be available under this Plan (the “Plan Share Limit”).

 (b) Deductions. Shares of common stock subject to NQOs and SARs shall apply against and reduce the Plan Share Limit as one share
for every one share subject thereto. Shares of common stock subject to restricted stock awards, unrestricted stock unit awards, and restricted stock unit awards shall apply against and reduce the Plan Share Limit as one share for every one share
subject thereto or payable pursuant thereto; provided, however, that if and during any period when more than 25% of the shares of common stock available under the Plan Share Limit 

  

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are subject to restricted stock awards, unrestricted stock unit awards, and restricted stock unit awards, the remaining shares of common stock available
under the Plan Share Limit shall be reduced by three shares for every one share awarded pursuant to restricted stock awards, unrestricted stock unit awards, and restricted stock unit awards in excess of 25% of the Plan Share Limit. Dividend
equivalents paid in cash with respect to awards shall not apply against or reduce the Plan Share Limit. 
 (c) Increases. The Plan
Share Limit, as reduced pursuant to Section 4(b), shall be increased (but not above the number of shares set forth in Section 4(a)) by shares of common stock subject to an outstanding award that are not issued or delivered by reason of the
expiration, termination, cancellation or forfeiture of such award (other than by reason of the delivery or withholding of shares of common stock to pay all or a portion of the exercise price of an award, or to satisfy all or a portion of the tax
withholding obligations relating to an award), or to the extent an award is satisfied in cash rather than shares of common stock. Increases in the Plan Share Limit pursuant to this Section 4(c) shall be made in a manner consistent with the Plan
Share Limit deductions, as in effect at the time such increase occurs, under Section 4(b). No increases shall be made in the Plan Share Limit by reason of the exercise of SARs. 
 (d) Source of Shares. Shares of common stock shall be made available from authorized but unissued shares, treasury shares, reacquired shares, or
any combination thereof. 
 5. Nonqualified Stock Options. Each NQO granted under the Plan shall be evidenced by an agreement in such form as
the Committee shall prescribe from time to time in accordance with the Plan and shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the
Committee shall deem advisable: 
 (a) Number of Shares and Purchase Price. The number of shares of common stock subject to a NQO
shall be determined by the Committee. The purchase price per share of common stock purchasable upon the exercise of a NQO shall not be less than 100% of the fair market value of a share of common stock on the date of grant of such NQO. As used in
the Plan, “fair market value” means the average of the high and low transaction price of a share of common stock as reported on the New York Stock Exchange on the date as of which such value is being determined or, if the common stock is
not listed on the New York Stock Exchange, the average of the high and low transaction price of a share of common stock on the principal national stock exchange on which the common stock is traded on the date as of which such value is being
determined or, if there shall be no reported transactions for such date, on the next preceding date for which transactions were reported; provided, however, that if fair market value for any date cannot be so determined, fair market
value shall be determined by the Committee by whatever means or method as the Committee, in the good faith exercise of its discretion, shall at such time deem appropriate. 
 (b) Option Period and Exercisability. The period during which a NQO may be exercised shall be determined by the Committee. The Committee shall
determine whether a NQO shall become exercisable in cumulative or non-cumulative installments and in part or in full at any 

  

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time. An exercisable NQO, or portion thereof, may be exercised only with respect to whole shares of common stock. 
 (c) Method of Exercise. The NQO may be exercised (i) by giving written notice to the Company specifying the number of whole shares of common
stock to be purchased and accompanied by payment therefor in full (or arrangement made for such payment to the Company’s satisfaction) either (A) in cash, (B) by delivery (either actual delivery or by attestation procedures
established by the Company) of previously owned whole shares of common stock (which the optionee has held for at least six months prior to the delivery of such shares or which the optionee purchased on the open market and in each case for which the
optionee has good title, free and clear of all liens and encumbrances) having an aggregate fair market value, determined as of the date of exercise, equal to the aggregate purchase price payable by reason of such exercise, (C) except as may be
prohibited by applicable law, in cash by a broker-dealer acceptable to the Company to whom the optionee has submitted an irrevocable notice of exercise, or (D) by a combination of (A) and (B), in each case to the extent set forth in the
agreement relating to the NQO and (ii) by executing such documents as the Company may reasonably request. Any fraction of a share of common stock which would be required to pay such purchase price shall be disregarded and the remaining amount
due shall be paid in cash by the optionee. No certificate or other indicia of ownership representing common stock shall be delivered until the full purchase price therefor, and any withholding taxes thereon, as described in Section 12(e), has
been paid (or arrangement made for such payment to the Company’s satisfaction). 
 (d) No Repricing. Subject to Section 9,
the repricing or discounting of NQOs is expressly disallowed under this Plan. 
 6. Stock Appreciation Rights. Each SAR shall be evidenced by
an agreement in such form as the Committee shall prescribe from time to time in accordance with the Plan and shall be subject to the following terms and conditions, not inconsistent with the terms of this Plan, as the Committee shall deem advisable:

 (a) Award. SARs shall entitle the grantee, subject to such terms and conditions as may be determined by the Committee, to receive
upon exercise, shares of common stock with an aggregate value equal to the excess of the fair market value of one share of common stock on the date of exercise, as determined by the Committee over the base price of such SAR, multiplied by the number
of such SARs which are exercised. The base price of an SAR shall not be less than 100 percent of the fair market value of a share of common stock on the date such SAR is granted. 
 (b) Exercise Period and Exercisability. The period for exercise of an SAR shall be determined by the Committee. The Committee shall determine
whether an SAR may be exercised in cumulative or non-cumulative installments and in part or in full at any time. An exercisable SAR, or portion thereof, may be exercised only with respect to a whole number of SARs. 
 (c) Method of Exercise. An SAR may be exercised (i) by giving written notice to the Company specifying the whole number SARs which are being
exercised and (ii) by executing such documents as the Company may reasonably request. 
  

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 (d) Settlement In Shares. Upon exercise of an SAR, payment of the settlement amount shall be made
to the holder in shares of common stock at 100 percent of the fair market value of a share of common stock on the date of exercise. 
 (e)
No Repricing. Subject to Section 9, the repricing or discounting of SARs is expressly disallowed under this Plan. 
 7. Stock
Awards. Stock awards granted under this Section 7 shall include (i) restricted stock, which shall consist of shares of common stock which are subject to a restriction period and may be subject to other terms and conditions,
(ii) unrestricted stock unit awards, which shall not be restricted against transfer and shall not be subject to forfeiture or other terms or conditions, and shall entitle the holder to receive one share of common stock or the fair market value
thereof in cash for each unit awarded and (iii) restricted stock units, which shall, contingent upon the expiration of a specified restriction period and subject to additional restrictions that may be contained in the agreement relating
thereto, entitle the holder to receive one share of common stock or the fair market value thereof in cash for each unit awarded. Each stock award shall be evidenced by an agreement in such form as the Committee shall prescribe from time to time in
accordance with the Plan and shall comply with the following terms and conditions: 
 (a) Restriction Period. Restrictions shall be
imposed for such period or periods as may be determined by the Committee; provided, however, that the Committee, in its discretion, may provide in the agreement circumstances under which the award shall become immediately transferable
and nonforfeitable or under which the award shall be forfeited. During any restriction period designated by the Committee, the common stock subject to a restricted stock award may not be sold, transferred, assigned, pledged, hypothecated or
otherwise encumbered or disposed of, except as provided in this Plan or the agreement relating to such award, and the vesting conditions applicable to a restricted stock unit award shall remain in effect. 
 (b) Share Certificates/Indicia of Ownership. During any restriction period, a certificate or certificates, or other indicia of ownership,
representing a restricted stock award may be registered in the holder’s name or a nominee name at the discretion of the Company and may bear a legend, in addition to any legend which may be required pursuant to Section 11(d), indicating
that the ownership of the shares of common stock represented thereby is subject to the restrictions, terms and conditions of this Plan and the agreement relating to the restricted stock award. As determined by the Committee, all certificates or
other indicia of ownership registered in the holder’s name shall be deposited with the Company, together with stock powers or other instruments of assignment (including a power of attorney), each endorsed in blank with a guarantee of signature
if deemed necessary or appropriate by the Company, which would permit transfer to the Company of all or a portion of the shares of common stock subject to the restricted stock award in the event such award is forfeited in whole or in part. Upon
termination of any applicable restriction period, or upon the grant of unrestricted stock, in each case subject to the Company’s right to require payment of any taxes in accordance with Section 11(e), a certificate or certificates
evidencing ownership, or such other indicia of ownership as determined by the Committee, of the requisite number of shares of common stock shall be delivered to the holder of such award. 
  

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 (c) Rights with Respect to Restricted Stock Awards. Unless otherwise set forth in the agreement
relating to a restricted stock award, and subject to the Committee’s right to cause such award to be cancelled pursuant to an adjustment pursuant to Section 9, the holder of such award shall have all rights as a stockholder of the Company,
including, but not limited to, voting rights, the right to receive dividends and the right to participate in any capital adjustment applicable to all holders of common stock; provided, however, that unless the Committee determines
otherwise, a distribution with respect to shares of common stock, including a regular cash dividend, shall be deposited with the Company and replaced with additional restricted stock awards with a fair market value equal to such distribution and
otherwise subject to the same restrictions as the shares of common stock with respect to which such distribution was made. 
 (d) Rights
and Provisions Applicable to Unrestricted Stock Unit Awards. The agreement relating to an unrestricted stock unit award shall specify whether the holder thereof shall be entitled to receive, on a current or deferred basis, dividend equivalents,
or the deemed reinvestment of any deferred dividend equivalents, with respect to the number of shares of common stock subject to such award. Prior to the settlement of an unrestricted stock unit award, the holder thereof shall not have any rights as
a stockholder of the Company with respect to the shares of common stock subject to such award, except to the extent that the Committee, in its sole discretion, may grant dividend equivalents on unrestricted stock unit awards which are settled in
shares of common stock. No shares of common stock and no certificates or other indicia of ownership representing shares of common stock that are subject to an unrestricted stock unit award shall be issued upon the grant of an unrestricted stock unit
award. Instead, shares of common stock subject to unrestricted stock unit awards and the certificates or other indicia of ownership representing such shares of common stock shall be distributed only at the time of settlement of such unrestricted
stock unit awards in accordance with the terms and conditions of this Plan and the agreements relating to such unrestricted stock unit awards. The Committee may permit the deferral of any unrestricted stock unit award, subject to the rules and
procedures as it may establish, in accordance with the requirements of Code section 409A, and which may include provisions for the payment or crediting of dividend equivalents, on a current or deferred basis, or the deemed reinvestment of any
deferred dividend equivalents, with respect to the number of shares of common stock subject to such award. 
 (e) Rights and Provisions
Applicable to Restricted Stock Unit Awards. The agreement relating to a restricted stock unit award shall specify whether the holder thereof shall be entitled to receive, on a current or deferred basis, dividend equivalents, or the deemed
reinvestment of any deferred dividend equivalents, with respect to the number of shares of common stock subject to such award. Prior to the settlement of a restricted stock unit award, the holder thereof shall not have any rights as a stockholder of
the Company with respect to the shares of common stock subject to such award, except to the extent that the Committee, in its sole discretion, may grant dividend equivalents on restricted stock unit awards which are settled in shares of common
stock. No shares of common stock and no certificates or other indicia of ownership representing shares of common stock that are subject to a restricted stock unit award shall be issued upon the grant of a restricted stock unit award. Instead, shares
of common stock subject to restricted stock unit awards and the certificates or other indicia of ownership representing such shares of common stock shall be distributed only at the time of settlement of 

  

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such restricted stock unit awards in accordance with the terms and conditions of this Plan and the agreements relating to such restricted stock unit awards.

 8. Election to Convert Annual Retainer into Nonqualified Stock Options and Unrestricted Stock Units. Each Non-Employee Director may from time to
time elect, in accordance with procedures to be specified by the Committee, to receive in lieu of all the annual cash retainer fee for services as a director of the Company, or a part of such annual cash retainer fee as the Committee may determine
in its sole discretion, either (i) a NQO award under the Plan having a fair value on the date of grant not in excess of three-fourths of the amount of the annual cash retainer fee (or portion thereof) and an unrestricted stock unit award under
the Plan having a fair value on the date of grant not in excess of one-fourth of the amount of the annual cash retainer fee (or portion thereof), or (ii) unrestricted stock units representing shares of the Company’s common stock with a
fair market value equal to the entire amount subject to such election, provided that any fractional shares shall be rounded up to the next whole share, as determined in accordance with a valuation methodology consistent with that used by the Company
to value share-based awards for accounting purposes.  
 9. Adjustment. In the event of any stock split, stock dividend, recapitalization,
reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of common stock other than a regular cash dividend, the number, class
and kind of securities (including, for this purpose, securities of any other entity that is a party to any such transaction) available under this Plan, the number, class and kind of securities (including, for this purpose, securities of any other
entity that is a party to any such transaction) subject to each outstanding NQO and the purchase price per security, the terms of each outstanding NQO, the number, class and kind of securities (including, for this purpose, securities of any other
entity that is a party to any such transaction) subject to each outstanding SAR and the base price per SAR, the terms of each outstanding SAR, the number, class and kind of securities (including, for this purpose, securities of any other entity that
is a party to any such transaction) subject to each outstanding restricted stock award, unrestricted stock unit award, and restricted stock unit award, and the terms of each outstanding restricted stock award, unrestricted stock unit award, and
restricted stock unit award, and the maximum number of shares with respect to which restricted stock awards, unrestricted stock unit awards, and restricted stock unit awards may be made under this Plan shall be appropriately adjusted by the
Committee, such adjustments to be made in the case of outstanding NQOs and SARs without an increase in the aggregate purchase price or base price. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive. If
any such adjustment would result in a fractional security being (a) available under this Plan, such fractional security shall be disregarded, or (b) subject to an award under this Plan, the Company shall pay the holder of such award, in
connection with the adjustment or first vesting, exercise or settlement of such award in whole or in part occurring after such adjustment, as the Committee may determine, an amount in cash determined by multiplying (i) the fraction of such
security (rounded to the nearest hundredth) by (ii) the excess, if any, of (A) the fair market value on the vesting, exercise or settlement date over (B) the exercise or base price, if any, of such award. 
 10. Change in Control. As of the effective date of a Change in Control (a) each outstanding NQO and SAR granted under the Plan shall become fully
vested and exercisable and (b) the 

  

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Restriction Period applicable to each outstanding restricted stock and restricted stock unit award granted under the Plan shall lapse. For purposes hereof,
“Change in Control” shall mean: 
 (a) the acquisition by any individual, entity or group (a “Person”),
including any “person” within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act, of beneficial ownership within the meaning of Rule 13d-3 promulgated under the Exchange Act, of 25% or more of either (i) the then
outstanding shares of common stock of the Company (the “Outstanding Common Stock”) or (ii) the combined voting power of the then outstanding securities of the Company entitled to vote generally in the election of directors (the
“Outstanding Voting Securities”); excluding, however, the following: (A) any acquisition directly from the Company (excluding any acquisition resulting from the exercise of an exercise, conversion or exchange privilege unless
the security being so exercised, converted or exchanged was acquired directly from the Company), (B) any acquisition by the Company, (C) any acquisition by an employee benefit plan (or related trust) sponsored or maintained by the Company
or any corporation controlled by the Company or (D) any acquisition by any corporation pursuant to a transaction which complies with clauses (i), (ii), and (iii) of subsection (c) of this definition; provided further, that for
purposes of clause (B), if any Person (other than the Company or any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company) shall become the beneficial owner of 25% or more of
the Outstanding Common Stock or 25% or more of the Outstanding Voting Securities by reason of an acquisition by the Company, and such Person shall, after such acquisition by the Company, become the beneficial owner of any additional shares of the
Outstanding Common Stock or any additional Outstanding Voting Securities and such beneficial ownership is publicly announced, such additional beneficial ownership shall constitute a Change in Control; 
 (b) the cessation of individuals, who constitute the Board (the “Incumbent Board”) as of the date the Plan is adopted by the Board, to
constitute at least a majority of such Incumbent Board; provided that any individual who becomes a director of the Company subsequent to the date the Plan is approved by the Board whose election, or nomination for election by the Company’s
stockholders, was approved by the vote of at least a majority of the directors then comprising the Incumbent Board shall be deemed a member of the Incumbent Board; and provided further, that any individual who was initially elected as a director of
the Company as a result of an actual or threatened solicitation by a Person other than the Board for the purpose of opposing a solicitation by any other Person with respect to the election or removal of directors, or any other actual or threatened
solicitation of proxies or consents by or on behalf of any Person other than the Board shall not be deemed a member of the Incumbent Board; 
 (c) the consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Corporate Transaction”); excluding, however, a Corporate
Transaction pursuant to which (i) all or substantially all of the individuals or entities who are the beneficial owners, respectively, of the Outstanding Common Stock and the Outstanding Voting Securities immediately prior to such Corporate
Transaction will beneficially own, directly or indirectly, more than 60% of, respectively, the outstanding shares of common stock, and the combined voting power of the outstanding securities entitled to vote generally in the election of directors,
as the case may be, of the corporation resulting from such Corporate Transaction (including, without limitation, a corporation which as a result of such 

  

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transaction owns the Company or all or substantially all of the Company’s assets either directly or indirectly) in substantially the same proportions
relative to each other as their ownership, immediately prior to such Corporate Transaction, of the Outstanding Common Stock and the Outstanding Voting Securities, as the case may be, (ii) no Person (other than: the Company; any employee benefit
plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; the corporation resulting from such Corporate Transaction; and any Person who beneficially owned, immediately prior to such Corporate
Transaction, directly or indirectly, 25% or more of the Outstanding Common Stock or the Outstanding Voting Securities, as the case may be) will beneficially own, directly or indirectly, 25% or more of, respectively, the outstanding shares of common
stock of the corporation resulting from such Corporate Transaction or the combined voting power of the outstanding securities of such corporation entitled to vote generally in the election of directors and (iii) individuals who were members of
the Incumbent Board will constitute at least a majority of the members of the board of directors of the corporation resulting from such Corporate Transaction; or 
 (d) the consummation of a plan of complete liquidation or dissolution of the Company. 
 11. Miscellaneous Provisions.

 (a) No Right of Participation or Service. No person shall have any right to participate in this Plan. Neither this Plan nor any
award made hereunder shall confer upon any person any right to be retained in the service of the Company, any subsidiary or any affiliate of the Company or affect in any manner the right of the Company, any subsidiary or any affiliate of the Company
to terminate the service of any person at any time without liability hereunder. 
 (b) Rights as Stockholder. No person shall have any
rights as a stockholder of the Company with respect to any shares of common stock or other equity security of the Company which is subject to an award hereunder unless and until such person becomes a stockholder of record with respect to such shares
of common stock or equity security. 
 (c) Transferability of Non-Qualified Options. NQOs may not be sold, assigned, transferred,
pledged, hypothecated or otherwise disposed of by the holder thereof, except by will or the laws of descent and distribution; provided, however, that unless otherwise specified in the Agreement, as long as the holder continues service
to the Company, such holder may transfer NQOs to a family member or family entity without consideration; provided, however, in the case of a transfer of NQOs to a limited liability company or a partnership which is a family entity,
such transfer may be for consideration consisting solely of an entity interest in the limited liability company or partnership to which the transfer is made. Any transfer of NQOs shall be in a form acceptable to the Committee, shall be signed by the
holder and shall be effective only upon written acknowledgement by the Committee of its receipt and acceptance of such notice. If a NQO is transferred to a family member or to a family entity, such NQO may not thereafter be sold, assigned,
transferred, pledged, hypothecated or otherwise disposed of by such family member or family entity except by will or the laws of descent and distribution. As used herein, the term “family member” shall mean an award holder’s spouse,
parent, child, stepchild, grandchild, sibling, mother or father-in-law, son or daughter-in-law, stepparent, grandparent, former spouse, niece, 

  

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nephew or brother or sister-in-law, including adoptive relationships, or any person sharing the award holder’s household (other than a tenant or
employee). The term “family entity” shall mean a trust in which one or more family members have more than fifty percent of the beneficial interest, a foundation in which the award holder and/or one or more family members control the
management of assets and any other entity in which the award holder and/or one or more family members own more than fifty percent of the voting interests. 
 (d) Restrictions on Shares. Each award hereunder shall be subject to the requirement that if at any time the Company determines that the listing, registration or qualification of the shares of common stock
subject to such award upon any securities exchange or under any law, or the consent or approval of any governmental body, or the taking of any other action is necessary or desirable as a condition of, or in connection with, the vesting, exercise or
settlement of such award or the delivery of shares thereunder, such award shall not vest, be exercised or settled and such shares shall not be delivered unless such listing, registration, qualification, consent, approval or other action shall have
been effected or obtained, free of any conditions not acceptable to the Company. In addition, the Committee may condition the grant of an award on compliance with certain listing, registration or other qualifications applicable to the award under
any law or any obligation to obtain the consent or approval of a governmental body. The Company may require that certificates or other indicia of ownership evidencing shares of common stock delivered pursuant to any award hereunder bear a legend
indicating that the sale, transfer or other disposition thereof by the holder is prohibited except in compliance with the Securities Act of 1933, as amended, and the rules and regulations thereunder. 
 (e) Tax Withholding. The Company shall have the right to require, prior to the issuance or delivery of any shares of common stock, payment by the
holder of an award of any Federal, state, local or other taxes which may be required to be withheld or paid in connection with an award hereunder. 
 (f) Agreement and Interpretation. The Company may condition an award holder’s right (i) to exercise, vest or settle an award and (ii) to receive delivery of shares upon the execution and delivery to the Company of a
written agreement evidencing such award and the completion of other requirements. By accepting any award or other benefit under the Plan, each participant and each person claiming under or through a participant shall be conclusively deemed to have
indicated his or her acceptance and ratification of, and consent to, any action taken under the Plan by the Company, the Board or the Committee. The masculine pronoun means the feminine and the singular means the plural in the Plan, wherever
appropriate. 
 (g) Designation of Beneficiary. If permitted by the Company, a holder of an award may file with the Committee a
written designation of one or more persons as such holder’s beneficiary or beneficiaries (both primary and contingent) in the event of the holder’s death. To the extent an outstanding NQO or SAR granted hereunder is exercisable, such
beneficiary or beneficiaries shall be entitled to exercise such NQO or SAR to the extent permitted under local law. 
 Each beneficiary
designation shall become effective only when filed in writing with the Committee during the holder’s lifetime on a form prescribed by the Committee. The spouse of a 

  

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married holder domiciled in a community property jurisdiction shall join in any designation of a beneficiary other than such spouse. The filing with the
Committee of a new beneficiary designation shall cancel all previously filed beneficiary designations. 
 If a holder fails to designate a
beneficiary, or if all designated beneficiaries of a holder predecease the holder, then each outstanding NQO or SAR hereunder held by such holder, to the extent exercisable, may be exercised by such holder’s executor, administrator, legal
representative or similar person. 
 (h) Governing Law. The Plan, each award hereunder and the related agreement, and all
determinations made and actions taken pursuant thereto, to the extent not otherwise governed by the Code or laws of the United States, shall be governed by the laws of the State of Delaware and construed in accordance therewith without giving effect
to principles of conflicts of laws. 
 (i) Replacement and Substitute Awards. Notwithstanding anything in this Plan to the contrary,
any stock option or stock award that is intended to be a Replacement or Substitute Award granted in connection with the spin-off of the Company shall be subject to the same terms and conditions as the original First Data award to which it relates;
provided, however that such awards shall be administered by the Committee. 
 12. Amendment. The Board or the Committee may amend or terminate this
Plan, and except as provided in Sections 5(d) and 6(e), the Committee may amend outstanding awards under this Plan in any manner as it shall deem advisable in its sole discretion, subject to any requirement of stockholder approval required by
applicable law, rule or regulation; provided, however, that no amendment of the Plan shall be made without stockholder approval if such amendment would increase the maximum number of shares of common stock available under this Plan
(subject to Section 9). No amendment of the Plan or an outstanding award may impair the rights of a holder (the determination of which shall be made by the Committee in its sole discretion) of an outstanding award without the consent of such
holder. 
 13. Stockholder Approval and Effective Date. This Plan shall be submitted to the stockholder(s) of the Company for approval and, if
approved, shall become effective as of the date of approval by the Board. No NQO may be exercised prior to the date of such stockholder approval. This Plan shall terminate ten years after the date of stockholder approval, or if earlier, when shares
of common stock are no longer available for the grant, exercise or settlement of awards, or the Plan is terminated by the Board. Termination of the Plan shall not affect the terms or conditions of any award granted prior to termination. If this Plan
is not approved by the stockholder(s) of the Company, this Plan and any awards granted hereunder shall be null and void. 
  

 11Employment Agreement, dated as of April 29, 1999

 Exhibit 10.12 
  
 EMPLOYMENT CONTRACT 
  
 entered into between 
  
 Western Union Financial Services GmbH [Limited Liability Company] 
 Maderstrasse 1 
 1040 Vienna 
  
 referred to below as “Western Union” for short, 
  
 and 
  
 Hikmet Ersek 
 Rosenweg 4/Julius
Bergerstr. 
 1170 Vienna 
  
 referred to below as “employee” for short. 
  
 I. 
 Scope of activities/role 
  
 Mr. Hikmet Ersek, born on
August 11, 1960 in Istanbul, is hired as “Vice President of Turkey and the Balkans” by Western Union, effective as of September 1, 1999. 
  
 The duties and responsibilities of the employee are provided in the job description Attachment A, which is written in the English language,
is attached to this contract, and forms an integral part of it. The scope of the duties and responsibilities of the employee was not recorded completely in this job description. On the contrary, the job description merely represents a demonstrative
enumeration of the duties and responsibilities to be performed. 
  
 Western Union
is entitled to modify, i.e. to expand and contract, the scope of the duties and responsibilities of the employee unilaterally while taking his qualifications into account, to the extent that this modification is reasonable for the employee.

  
 The place of employment for the employee is the address of Western Union in
Vienna mentioned above. However, the employee hereby declares his consent to a change of his place of employment within Turkey and the United States of America, Europe and Canada. In addition, this contract will be amended for a change of the place
of employment. 

 II. 
 Acceptance of company management role 
  
 During the term of this employment contract, as chief executive officer the employee is obligated to accept an appointment as a member of the board of directors or supervisory board of companies of the Western Union Group, or companies in
which it holds an ownership interest, through the management bodies responsible for them, to the extent that doing so is reasonable for him with respect to the level of the workload and the type of training and job the employee has. 
  
 The employee is obligated to resign from the roles accepted according to item I. without
delay upon request by Western Union at any time. 
  
 III.

 Remuneration 
  
 A) Gross salary 
  
 As remuneration for all of his work, the employee will receive an annual gross amount of ATS 1,575,000.00, which will be paid out in 14 partial amounts of equal size of
ATS 112,500.00 each at the beginning of each month of each year, with bonus payments in June and December. 
  
 All services that are performed by the employee outside of the normal hours of work applicable for salaried employees of Western Union are covered by this payment. It is considered well understood that the employee
will perform additional work of this type as needed by Western Union. It is established that, as an executive salaried employee, the employee is not subject to the provisions of the Hours of Work Act (§ 1, paragraph 2, number 8 of the Hours of
Work Act). 
  
 B) Company car 
  
 Due to the expected travel activity in his region, the employee will receive a personal motor
vehicle as a company car. The type and equipment will depend on the internal company guidelines and practice (of a value of ATS 550,000.00). The company car will be available to the employee for private use as well. The payment in kind from the
private use is to be taxed according to the applicable law. 
  
 With reference to
item I. of this contract, it is explicitly stipulated that all compensation payments listed here are associated with the period of time during which the employee is assigned to Vienna as the place of employment. 

 C) Compensation 
  
 Compensation by means of stock options is addressed in the offer letter. 
  
 D) Additional payments 
  
 The employee is automatically included in the pension plan of the company. He will receive
the statutory allocation, and can also participate in it voluntarily at the current proportion of the annual salary. The group rates for health insurance or additional insurance policies can be taken advantage of immediately after hire. 

 
 IV. 
 Vacation 
  
 The
employee is entitled to an annual vacation for recreation of 25 work days. In each case, the time at which the vacation will be taken is to be established in advance by common accord with the management board while giving consideration to the
interests of Western Union and the employee’s recreational options. 
  
 V. 
 Voluntary allowances, bonuses 
  
 The employee is aware that, in the case of favorable commercial trends, Western Union can pay allowances to the employees from time to time
that go beyond the salary claims, with explicit emphasis on their nature as voluntary, non-binding and revocable at any time. The employee acknowledges the voluntary nature of such allowances and declares that he explicitly waives a legal claim to
the payment of such an amount as a result of the repetition of such allowances - whether they are made in the same or approximately similar amount as in the previous year - or even the elimination an allowance in the following year. 
  
 For the year 1999, there is the prospect of a bonus, the payout of which is dependent on the
company’s overall success and the fulfillment of the incentive plan to be agreed to individually with the salaried employee. 
  
 VI. 
 Competitive prohibition

  
 The employee is subject to the
competitive prohibition from the Salaried Employees Act. 
  
 Accordingly, without
consent in writing from Western Union, which is to be issued by the management board, the employee is prohibited from operating an independent commercial 

 company, or from entering into commercial transactions in Western Union’s line of business for his own account or
the account of others. 
  
 In the case of a violation, Western Union can demand
compensation for the resulting loss, or otherwise demand that the transactions entered into for the account of the employee be considered as entered into for the account of Western Union. With respect to the transactions entered into for the account
of others, Western Union can demand restitution for the compensation related to them, or the assignment of the claim to compensation. Western Union’s right to discharge the employee due to a violation of the competitive prohibition remains
thereby unaffected. 
  
 In addition to the competitive prohibition from the
Salaried Employees Act, without consent in writing from Western Union, which is to be issued by the management board, the employee is prohibited from engaging in any activity other than that governed by this employment contract in return for
payment, even if this activity is not competitive. Engaging in an activity without pay and without competitive purpose at the request of or in the interests of third parties requires approval in writing from the management board if the interests of
Western Union or the professional ability of the employee could be negatively affected by such an activity. 
  
 Apart from that, the employee is obligated to make all of his labor available to Western Union. 
  
 VII. 
 Confidentiality 
  
 The employee is obligated to secrecy with respect to all facts that can be important for the activities of Western Union in business, even after the end of the employment relationship. 
  
 VIII. 
 End of the employment relationship 
  
 This employment relationship is entered into for an indefinite period. 
  
 The employment relationship can be dissolved both by Western Union and the employee by providing at least six months’ termination
notice, at the end of the month in each case, and can also be dissolved by Western Union with respect to the employee on the 15th of each month. 
  
 In the case of a termination of the employment relationship by Western Union or the employee, he declares himself in agreement that Western Union 

 will discharge the employee with no obligation to continue working for the remainder of the period of notice for
termination, or a portion of it, and that any remaining vacation due will be used during this off-duty period, to the extent possible and reasonable. 
  
 IX. 
 Non-compete clause

  
 Until the end of one year after the end of the employment contract, the
employee is obligated to not become active in Western Union’s line of business within Austria either independently or as an employee. 
  
 The obligation exists only within the limits of the Salaried Employees Act, whereby in the case of dissolution of the employment contract that is not the employee’s
fault Western Union reserves the right to insist upon compliance with the non-compete clause while continuing to pay to the employee the amounts to which he was most recently entitled. 
  
 X. 
 Final provisions 
  
 To the extent that this employment contract
provides nothing to the contrary, the provisions of the Salaried Employees Act in its current version are applicable in each case. 
  
 No side agreements were made for this contract. All changes and/or additions to the employment contract must be in written form and approved for Western Union by the
management board. 
  
 To the extent that it is not contrary to mandatory statutory
provisions, Austrian law is applicable to the employment contract as well as to disputes regarding this contract and its formation and dissolution. 
  
 Any fees and taxes associated with the formation of this employment contract will be borne by Western Union. 
  

			
	
		
	 Vienna on
	 	APRIL 29, 1999
[signed]                                

 Western Union Financial Services GmbH [Limited Liability Company] 
  

			
	
		
	 Vienna on
	 	APRIL 29, 1999 [signed]                               
 
		 	 Hikmet Ersek

 COMPENSATION SUMMARY 
  
 Hikmet Ersek 
  
 Start date new position: July 1, 2001 
  

	Annual	Base Salary (gross, incl. over-time): Ats 2,325,000 

  
 Pay Periods: 
 Your annual base salary will be paid in 14
monthly installments according to the local Austrian employment regulations. Income tax will be deducted according to local Austrian regulations. 
  
 Incentive Compensation Plan: 
 You will continue to be eligible
to participate in the “Incentive Compensation Plan”. Effective July 1, 2001 your new annual incentive target is ATS 640,000. Your target for the 2001 plan year will be prorated at ATS 570,000 (six months at ATS 500,000 and sic months
at ATS 640,000). Actual bonus earned will be determined partially by an evaluation of individual performance against goals and partially by the financial results of the Payment Business segments. Your goals will be set within 2 months after your
starting date. 
  
 Stock Options: 
 You will be recommended for 6,000 stock options at the next meeting of the Compensation and Benefits Committee of the FDC Board of Directors. The granting of these stock
options is contingent upon approval by the Committee. 
  
 Company
car: 
 You will be eligible for a fully maintained company car according to this policy. 
  
 Working Time: 
 Your regular weekly working time is 40 hours. The above salary includes any overtime you may be required to work. 
  
 Location: 
 You will be located in Vienna. The Company will
provide you with a laptop computer and mobile telephone. 
  
 Annual
Leave: 
 Your annual leave entitlement is according to Austrian employment law (25 days). 
  
 Notice Period: 
 The employment relationship can be terminated by either party as of the 15th or the
last day of any month, at six months notice. 
  
 Miscellaneous:

 All others items of the current contract remain in vigor. 

 Hikmet Ersek 
 c/o Western Union Financial Services GmbH 
 MaderstraBe1 
 1040 Vienna 
  
 Vienna, October 18th, 2002 
  
 ADDENDUM TO EMPLOYMENT CONTRACT 
  
 Dear Hikmet,

  
 I am pleased to confirm your promotion to the position of Senior Vice
President Europe, Middle East & Africa (EMEA) with retroactive effect from October 1, 2002. In this position you will continue to report to me. 
  
 Your new duties and responsibilities are defined in the attached job description. 
  
 Your new annual base salary will be EURO 232,217 gross (i.e. monthly EURO 16,586.93
gross x 14) and will be effective retroactively as of October 1, 2002. 
  
 Your new bonus target will be EURO 100,000 prorated from the date of your promotion. 
  
 You will receive 10,000 stock options as a sign-on bonus for your promotion. 
  
 All other terms and conditions of your employment contract remain unchanged. 
  
 Congratulations and I look forward to your continued outstanding contribution to the business. 
  

					
			
	 /s/ William D. Thomas
	 		 	 /s/ Bruce Ball

			
	 William D. Thomas
 President
	 		 	 Bruce Ball
 SVP Human Resources

  
 Agreed: 
  
 /s/ Hikmet Ersek 

 
 Hikmet Ersek

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