Document:

exv10w10

Exhibit 10.10

SECOND AMENDED AND RESTATED

EMPLOYMENT AGREEMENT

          THIS SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of
September 30, 2009, by and between FIDELITY NATIONAL INFORMATION SERVICES, INC., a Georgia
corporation (the “Company”), and WILLIAM P. FOLEY, II (the “Employee”) and is effective as of the
Effective Date (as defined in the Agreement and Plan of Merger, dated as of March 31, 2009, by and
among the Company, Cars Holdings, LLC and Metavante Technologies, Inc.). In consideration of the
mutual covenants and agreements set forth herein, the parties agree as follows:

     1. Purpose. This Agreement amends and restates, in its entirety, the obligations of
the parties under the Amended and Restated Employment Agreement between the Company and the
Employee, dated as of July 2, 2008 (the “Prior Agreement”). The purpose of this Agreement is to
recognize the importance of the Employee’s continued services to the Company’s future success, to
assure the Company of the services of the Employee following the Effective Date notwithstanding any
right the Employee may have to terminate the Prior Agreement, and to provide a single, integrated
document which shall provide the basis for the Employee’s continued employment by the Company. In
the event the Effective Date does not occur, this Second Amended and Restated Employment Agreement
shall be void ab initio and of no further force and effect, and the Employee’s Prior Agreement
shall continue to remain in full force and effect.

     2. Employment and Duties. Subject to the terms and conditions of this Agreement, the
Company agrees to continue to employ the Employee to serve in an executive capacity as Executive
Chairman. The Employee accepts such continued employment and agrees to undertake and discharge the
duties, functions and responsibilities set forth in Appendix A attached hereto. In addition to the
duties and responsibilities specifically assigned to the Employee pursuant to Appendix A, the
Employee will perform such other duties, functions and responsibilities as are from time to time
assigned to the Employee by the Board of Directors of the Company (the “Board”) in writing,
consistent with the terms and provisions of this Agreement.

     3. Term. The term of this Agreement shall commence on the Effective Date and shall
continue for a period of two (2) years ending on the second anniversary of the Effective Date or, if
later, ending on the last day of any extension made pursuant to the next sentence, subject to prior
termination as set forth in Section 8 (such term, including any extensions pursuant to the next
sentence, the “Employment Term”). The Employment Term shall be extended automatically for one (1)
additional year on the first anniversary of the Effective Date and for an additional year each
anniversary thereafter unless and until either party gives written notice to the other not to
extend the Employment Term before such extension would be effectuated. Notwithstanding any
termination of the Employment Term or the Employee’s employment, the Employee and the Company agree
that Sections 8 through 10 shall remain in effect until all parties’ obligations and benefits are
satisfied thereunder.

     4. Salary. During the Employment Term, the Company shall pay the Employee a base
salary, at an annual rate, before deducting all applicable withholdings, of no less than $550,000

 

 

per year, payable at the time and in the manner dictated by the Company’s standard payroll
policies. Such minimum annual base salary may be periodically reviewed and increased (but not
decreased without the Employee’s express written consent) at the discretion of the Board or the
Compensation Committee of the Board (the “Committee”) to reflect, among other matters, cost of
living increases and performance results (such annual base salary, including any increases pursuant
to this Section 4, the “Annual Base Salary”).

     5. Other Compensation and Fringe Benefits. In addition to any executive bonus,
pension, deferred compensation and long-term incentive plans which the Company or an affiliate of
the Company may from time to time make available to the Employee, the Employee shall be entitled to
the following during the Employment Term:

	 	(a)	 	the standard Company benefits enjoyed by the Company’s other top executives
as a group;
	 
	 	(b)	 	medical and other insurance coverage (for the Employee and any covered
dependents) provided by the Company to its other top executives as a group, which the
Employee has not elected to receive as of the date hereof because he receives such
insurance coverage from another employer;
	 
	 	(c)	 	eligibility to elect and purchase supplemental disability insurance
sufficient to provide two-thirds of the Employee’s pre-disability Annual Base Salary;
	 
	 	(d)	 	an annual incentive bonus opportunity under the Company’s annual incentive
plan (“Annual Bonus Plan”) for each calendar year included in the Employment Term,
with such opportunity to be earned based upon attainment of performance objectives
established by the Committee (“Annual Bonus”). The Employee’s target Annual Bonus
under the Annual Bonus Plan shall be no less than 250% of the Employee’s Annual Base
Salary, with a maximum of up to 500% of the Employee’s Annual Base Salary
(collectively, the target and maximum are referred to as the “Annual Bonus
Opportunity”). The Employee’s Annual Bonus Opportunity may be periodically reviewed
and increased (but not decreased without the Employee’s express written consent) at
the discretion of the Committee. The Annual Bonus shall be paid no later than the
March 15th first following the calendar year to which the Annual Bonus relates.
Unless provided otherwise herein or the Board or the Committee determines otherwise,
no Annual Bonus shall be paid to the Employee unless the Employee is employed by the
Company, or an affiliate thereof, on the Annual Bonus payment date;
	 
	 	(e)	 	participation in all Company-sponsored incentive compensation plans,
including a Synergy Plan that is associated with the integration of Metavante
Technologies, Inc. pursuant to which the Employee shall be eligible to receive a
bonus in the amount of $7,000,000 upon the Company achieving at least $260,000,000 in
post-Effective Date annual recurring cost savings payable at the same time and in the
same proportion as paid to all other participants in the Synergy Plan in accordance
with and subject to such terms and conditions established by the Committee (the
“Synergy Bonus”);

 

 

	 	(f)	 	on the Effective Date, the Employee shall be granted a retention equity
award consisting of that number of restricted stock units in respect of Company
common stock determined by dividing $9,100,000 by the closing price per share of the
Company’s common stock on the Effective Date (the “Retention RSU Award”). The
Retention RSU Award shall fully vest and be settled on the date that is six months
from the Effective Date (provided that Employee remains employed with the Company
through the date that is six months from the Effective Date), subject to earlier
vesting and settlement in accordance with Section 9 of this Agreement upon the
termination of the Employee’s employment for any reason other than by the Employee
without Good Reason (as defined below). The Retention RSU Award shall
be settled in shares of Company common stock;
	 
	 	(g)	 	on the Effective Date, the Employee shall be awarded a cash retention award
in an amount equal to $1,400,000 (the “Retention Cash Award”), payable in a single
lump sum coincident with the Company’s payment under the Annual Bonus Plan (but in no
event later than March 15, 2010), subject to such terms and conditions established by
the Committee;
	 
	 	(h)	 	on the Effective Date, any award of restricted stock granted to the
Employee prior to the Effective Date shall vest and become free of any applicable
forfeiture and transfer restrictions as of the Effective Date; and
	 
	 	(i)	 	participation in the Company’s equity incentive plans and all other
benefits and incentive opportunities customarily made available to the Company’s
other top executives.

     6. Vacation. For and during each calendar year within the Employment Term, the
Employee shall be entitled to reasonable paid vacation periods consistent with the Employee’s
position and in accordance with the Company’s standard policies, or as the Board may approve. In
addition, the Employee shall be entitled to such holidays consistent with the Company’s standard
policies or as the Board or the Committee may approve.

     7. Expense Reimbursement. In addition to the compensation and benefits provided
herein, the Company shall, upon receipt of appropriate documentation, reimburse the Employee each
month for his reasonable travel, lodging, entertainment, promotion and other ordinary and necessary
business expenses to the extent such reimbursement is permitted under the Company’s expense
reimbursement policy.

     8. Termination of Employment. The Company or the Employee may terminate the
Employee’s employment at any time and for any reason in accordance with Subsection 8(a) below. The
Employment Term shall be deemed to have ended on the last day of the Employee’s employment. The
Employment Term shall terminate automatically upon the Employee’s death.

	 	(a)	 	Notice of Termination. Any purported termination of the Employee’s
employment (other than by reason of death) shall be communicated by written Notice of
Termination (as defined herein) from one party to the other in accordance with the
notice provisions contained in Section 25. For purposes of

 

 

	 	 	 	this Agreement, a “Notice of Termination” shall mean a notice that indicates the
Date of Termination (as that term is defined in Subsection 8(b)) and, with respect
to a termination due to Disability (as that term is defined in Subsection 8(e)),
Cause (as that term is defined in Subsection 8(d)), or Good Reason (as that term is
defined in Subsection 8(f)), sets forth in reasonable detail the facts and
circumstances that are alleged to provide a basis for such termination. A Notice of
Termination from the Company shall specify whether the termination is with or
without Cause or due to the Employee’s Disability. A Notice of Termination from the
Employee shall specify whether the termination is with or without Good Reason.
	 
	 	(b)	 	Date of Termination. For purposes of this Agreement, “Date of
Termination” shall mean the date specified in the Notice of Termination (but in no
event shall such date be earlier than the thirtieth (30th) day following the date the
Notice of Termination is given) or the date of the Employee’s death. Notwithstanding
the foregoing, in no event shall the Date of Termination occur until the Employee
experiences a “separation from service” within the meaning of Code Section 409A (as
defined in Section 28 of the Agreement), and notwithstanding anything contained
herein to the contrary, the date on which such separation from service takes place
shall be the “Date of Termination,” and all references herein to a “termination of
employment” (or words of similar meaning) shall mean a “separation from service”
within the meaning of Code Section 409A.
	 
	 	(c)	 	No Waiver. The failure to set forth any fact or circumstance in a
Notice of Termination, which fact or circumstance was not known to the party giving
the Notice of Termination when the notice was given, shall not constitute a waiver of
the right to assert such fact or circumstance in an attempt to enforce any right
under or provision of this Agreement.
	 
	 	(d)	 	Cause. For purposes of this Agreement, a termination of the
Employee’s employment for “Cause” means a termination of the Employee’s employment by
the Company based upon the Employee’s: (i) persistent failure to perform duties
consistent with a commercially reasonable standard of care (other than due to a
physical or mental impairment or due to an action or inaction directed by the Company
that would otherwise constitute Good Reason); (ii) willful neglect of duties (other
than due to a physical or mental impairment or due to an action or inaction directed
by the Company that would otherwise constitute Good Reason); (iii) conviction of, or
pleading nolo contendere to, criminal or other illegal activities
involving dishonesty; (iv) material breach of this Agreement; or (v) failure to
materially cooperate with or impeding an investigation authorized by the Board. The
Employee’s termination for Cause shall be effective when and if a resolution is duly
adopted by an affirmative vote of at least three-fourths (3/4) of the Board (less the
Employee), stating that, in the good faith opinion of the Board, the Employee is
guilty of the conduct described in the Notice of Termination and such conduct
constitutes Cause under this Agreement; provided, however, that the
Employee shall have been given reasonable opportunity (A) to cure any act or omission
that constitutes Cause if capable of cure and (B), together with counsel,

 

 

	 	 	 	during the thirty (30) day period following the receipt by the Employee of the
Notice of Termination and prior to the adoption of the Board’s resolution, to be
heard by the Board.
	 
	 	(e)	 	Disability. For purposes of this Agreement, a termination based
upon “Disability” means a termination by the Company based upon the Employee’s
entitlement to long-term disability benefits under the Company’s long-term disability
plan or policy, as the case may be, as in effect on the Date of Termination;
provided, however, that if the Employee is not a participant in the
Company’s long-term disability plan or policy on the Date of Termination, he shall
still be considered terminated based upon Disability if he would have been entitled
to benefits under the Company’s long-term disability plan or policy had he been a
participant on his Date of Termination.
	 
	 	(f)	 	Good Reason. For purposes of this Agreement, a termination for
“Good Reason” means a termination by the Employee during the Employment Term based
upon the occurrence (without the Employee’s express written consent) of any of the
following:

	 	(i)	 	a material diminution in the Employee’s position or title, or the
assignment of duties to the Employee that are materially inconsistent with the
Employee’s position or title;
	 
	 	(ii)	 	a material diminution in the Employee’s Annual Base Salary or
Annual Bonus Opportunity;
	 
	 	(iii)	 	within six (6) months immediately preceding or within two (2)
years immediately following a Change in Control: (A) a material adverse change
in the Employee’s status, authority or responsibility (e.g., the Employee no
longer serving as Executive Chairman of the Board would constitute such a
material adverse change) as of immediately following the Effective Date; (B) a
material adverse change in the position to whom the Employee reports (including
any requirement that the Employee report to a corporate officer or employee
instead of reporting directly to the Board) or to the Employee’s service
relationship (or the conditions under which the Employee performs his duties) as
a result of such reporting structure change, or a material diminution in the
authority, duties or responsibilities of the position to whom the Employee
reports; (C) a material diminution in the budget over which the Employee has
managing authority as of immediately following the Effective Date; or (D) a
material change in the geographic location of the Employee’s principal place of
employment (e.g., the Company has determined that a relocation of more than
thirty-five (35) miles would constitute such a material change); or
	 
	 	(iv)	 	a material breach by the Company of any of its obligations under
this Agreement.

 

 

	 	 	 	Notwithstanding the foregoing, the Employee being placed on a paid leave for up to
sixty (60) days pending a determination of whether there is a basis to terminate the
Employee for Cause shall not constitute Good Reason. The Employee’s continued
employment shall not constitute consent to, or a waiver of rights with respect to, any
act or failure to act constituting Good Reason hereunder; provided,
however, that no such event described above shall constitute Good Reason
unless: (1) the Employee gives Notice of Termination to the Company specifying the
condition or event relied upon for such termination either: (x) within ninety (90)
days of the initial existence of such event; or (y) in the case of an event predating
a Change in Control, within ninety (90) days of the Change in Control; and (2) the
Company fails to cure the condition or event constituting Good Reason within thirty
(30) days following receipt of the Employee’s Notice of Termination (the “Cure
Period”). In the event that the Company fails to remedy the condition constituting
Good Reason during the applicable Cure Period, the Employee’s Date of Termination must
occur, if at all, within one-hundred fifty (150) days following such Cure Period in
order for such termination as a result of such condition to constitute a termination
for Good Reason.

     9. Obligations of the Company Upon Termination.

	 	(a)	 	Termination by the Company for a Reason Other than Cause, Death or
Disability and Termination by the Employee for Good Reason. If the Employee’s
employment is terminated by: (1) the Company for any reason other than Cause, Death
or Disability; or (2) the Employee for Good Reason:

	 	(i)	 	the Company shall pay the Employee the following (collectively, the
“Accrued Obligations”): (A) within five (5) business days after the Date of
Termination, any earned but unpaid Annual Base Salary; (B) within a reasonable
time following submission of all applicable documentation, any expense
reimbursement payments owed to the Employee for expenses incurred prior to the
Date of Termination; and (C) no later than March 15th of the year in which the
Date of Termination occurs, any earned but unpaid Annual Bonus payments relating
to the calendar year prior to the year in which the Date of Termination occurs;
	 
	 	(ii)	 	the Company shall pay the Employee no later than March 15th of the
calendar year following the year in which the Date of Termination occurs, a
prorated Annual Bonus based upon the actual Annual Bonus that would have been
earned by the Employee for the year in which the Date of Termination occurs
(based upon the target Annual Bonus Opportunity in the year in which the Date of
Termination occurred, or the prior year if no target Annual Bonus Opportunity has
yet been determined, and the actual satisfaction of the applicable performance
measures, but ignoring any requirement under the Annual Bonus plan that the
Employee must be employed on the payment date) multiplied by the percentage of
the calendar year completed before the Date of Termination;

 

 

	 	(iii)	 	the Company shall pay the Employee, no later than the sixty-fifth
(65th) calendar day after the Date of Termination, a lump-sum payment equal to
the sum of (A) product of (x) the sum of: (1) the Employee’s Annual Base Salary
in effect immediately prior to the Date of Termination (disregarding any
reduction in Annual Base Salary to which the Employee did not expressly consent
in writing) and (2) the highest Annual Bonus paid to the Employee by the Company
within the three (3) years preceding his termination of employment or, if higher,
the target Annual Bonus Opportunity in the year in which the Date of Termination
occurs and (y) if the Date of Termination occurs (1) during the period from the
Effective Date through the first annual anniversary of the Effective Date, three
(3); (2) during the period from the day following the first annual anniversary of
the Effective Date through the second annual anniversary of the Effective Date,
two (2); and (3) following the second annual anniversary of the Effective Date
through the end of the Employment Term (including extensions), one (1), and (B)
to the extent unpaid, the Retention Cash Award;
	 
	 	(iv)	 	all stock options, restricted stock, performance shares and other
equity-based awards granted by the Company prior to the Effective Date
(collectively, the “Prior Equity Awards”) and all stock options, restricted stock
and other equity-based incentive awards granted by the Company on or following
the Effective Date (the “New Equity Awards”), including the Retention RSU Award,
in each case, that are outstanding but not vested as of the Date of Termination
shall become immediately vested and/or paid or settled, as the case may be;
provided, however, that notwithstanding the foregoing, any such Prior Equity
Awards or New Equity Awards (including the Retention RSU Award) that constitute a
non-qualified deferred compensation arrangement within the meaning of Code
Section 409A shall be paid or settled on the earliest date coinciding with or
following the Date of Termination that does not result in a violation of or
penalties under Code Section 409A; and
	 
	 	(v)	 	the Company shall provide the Employee with certain continued
welfare benefits as follows:

	 	(A)	 	Any life insurance coverage provided by the Company shall
terminate at the same time as life insurance coverage would normally
terminate for any other employee that terminates employment with the
Company, and the Employee shall have the right to convert that life
insurance coverage to an individual policy under the regular rules of the
Company’s group policy. In addition, if the Employee is covered under or
receives life insurance coverage provided by the Company on the Date of
Termination, then within thirty (30) business days after the Date of
Termination, the Company shall pay the Employee a lump sum cash payment
equal to thirty-six (36) monthly life insurance premiums based on the
monthly premiums that would be due assuming that the Employee had converted
his Company life insurance coverage that was in effect on the Notice of
Termination into an individual policy.

 

 

	 	(B)	 	As long as the Employee pays the full monthly premiums
for COBRA coverage, the Company shall provide the Employee and, as
applicable, the Employee’s eligible dependents with continued medical and
dental coverage, on the same basis as provided to the Company’s active
executives and their dependents until the earlier of: (i) three (3) years
after the Date of Termination; or (ii) the date the Employee is first
eligible for medical and dental coverage (without pre-existing condition
limitations) with a subsequent employer. In addition, within thirty (30)
business days after the Date of Termination, the Company shall pay the
Employee a lump sum cash payment equal to thirty-six (36) monthly medical
and dental COBRA premiums based on the level of coverage in effect for the
Employee (e.g., employee only or family coverage) on the Date of
Termination.

	 	(b)	 	Termination by the Company for Cause. If the Employee’s employment
is terminated (i) by the Company for Cause or (ii) by the Employee without Good
Reason, the Company shall pay the Employee any Accrued Obligations. In addition, the
Employee’s Prior Equity Awards and, except in the case of a termination of Employee’s
employment for Cause, the Employee’s New Equity Awards (other than the Retention RSU
Award, which is discussed in the sentence immediately below), in each case, that are
outstanding but not vested as of the Date of Termination shall become immediately
vested and/or be paid or settled, as the case may be, as provided in Section 9(a)(iv)
of this Agreement. If the Employee’s employment is terminated by the Company for
Cause, the Retention RSU Award, to the extent outstanding but not vested as of the
Date of Termination, shall become immediately vested and/or be paid or settled, as
the case may be, as provided in Section 9(a)(iv) of this Agreement.
	 
	 	(c)	 	Termination by the Employee without Good Reason. If the Employee’s
employment is terminated by the Employee without Good Reason, the Company shall pay
the Employee any Accrued Obligations. In addition, the Company shall pay the Employee
no later than the sixty-fifth (65th) calendar day after the Date of Termination, a
prorated Annual Bonus based upon the target Annual Bonus opportunity in the year in
which the Date of Termination occurred (or the prior year if no target Annual Bonus
Opportunity has yet been determined) multiplied by the percentage of the calendar
year completed before the Date of Termination. In addition, the Employee’s Prior
Equity Awards and, except in the case of a termination of Employee’s employment for
Cause, the Employee’s New Equity Awards (other than the Retention RSU Award, which is
discussed in the sentence immediately below), in each case, that are outstanding but
not vested as of the Date of Termination shall become immediately vested and/or be
paid or settled, as the case may be, as provided in Section 9(a)(iv) of this
Agreement. If the Employee’s employment is terminated by the Company for Cause, the
Retention RSU Award, to the extent outstanding but not vested as of the Date of
Termination, shall become immediately vested and/or be paid or settled, as the case
may be, as provided in Section 9(a)(iv) of this Agreement.

 

 

	 	(d)	 	Termination due to Death or Disability. If the Employee’s
employment is terminated due to death or Disability, the Company shall pay the
Employee (or to the Employee’s estate or personal representative in the case of
death), any Accrued Obligations. In addition, the Company shall pay the Employee (or
to the Employee’s estate or personal representative in the case of death) no later
than the sixty-fifth (65th) calendar day after the Date of Termination: (i) a
prorated Annual Bonus based upon the target Annual Bonus opportunity in the year in
which the Date of Termination occurred (or the prior year if no target Annual Bonus
Opportunity has yet been determined) multiplied by the percentage of the calendar
year completed before the Date of Termination, plus (ii) the unpaid portion of the
Annual Base Salary for the remainder of the Employment Term; plus (iii) to the extent
unpaid, the Retention Cash Award. In addition, the Employee’s Prior Equity Awards
and New Equity Awards (including the Retention RSU Award), in each case, that are
outstanding but not vested as of the Date of Termination shall vest and/or be paid or
settled, as the case may be, as provided in Section 9(a)(iv) of this Agreement.
	 
	 	(e)	 	Definition of Change in Control. For purposes of this Agreement,
the term “Change in Control” shall mean that the conditions set forth in any one of
the following subsections shall have been satisfied:

	 	(i)	 	the acquisition, directly or indirectly, by any “person” (within
the meaning of Section 3(a)(9) of the Securities and Exchange Act of 1934, as
amended (the “Exchange Act”) and used in Sections 13(d) and 14(d) thereof) of
“beneficial ownership” (within the meaning of Rule 13d-3 of the Exchange Act) of
securities of the Company possessing more than fifty percent (50%) of the total
combined voting power of all outstanding securities of the Company;
	 
	 	(ii)	 	a merger or consolidation in which the Company is not the surviving
entity, except for a transaction in which the holders of the outstanding voting
securities of the Company immediately prior to such merger or consolidation hold,
in the aggregate, securities possessing more than fifty percent (50%) of the
total combined voting power of all outstanding voting securities of the surviving
entity immediately after such merger or consolidation;
	 
	 	(iii)	 	a reverse merger in which the Company is the surviving entity but
in which securities possessing more than fifty percent (50%) of the total
combined voting power of all outstanding voting securities of the Company are
transferred to or acquired by a person or persons different from the persons
holding those securities immediately prior to such merger;
	 
	 	(iv)	 	during any period of two (2) consecutive years during the
Employment Term or any extensions thereof, individuals, who, as of the Effective
Date (including, without limitation, the Metavante directors), constitute the
Board, cease for any reason to constitute at least a majority thereof, unless the
election of each director who was not a director at the beginning of such period
has been

 

 

	 	 	 	approved in advance by directors representing at least two-thirds of the
directors then in office who were directors at the beginning of the period;
	 
	 	(v)	 	the sale, transfer or other disposition (in one transaction or a
series of related transactions) of assets of the Company that have a total fair
market value equal to or more than one-third of the total fair market value of
all of the assets of the Company immediately prior to such sale, transfer or
other disposition, other than a sale, transfer or other disposition to an entity
(A) which immediately following such sale, transfer or other disposition owns,
directly or indirectly, at least fifty percent (50%) of the Company’s outstanding
voting securities or (B) fifty percent (50%) or more of whose outstanding voting
securities is immediately following such sale, transfer or other disposition
owned, directly or indirectly, by the Company. For purposes of the foregoing
clause, the sale of stock of a subsidiary of the Company (or the assets of such
subsidiary) shall be treated as a sale of assets of the Company; or
	 
	 	(vi)	 	the approval by the stockholders of the Company of a plan or
proposal for the liquidation or dissolution of the Company.

	 	(f)	 	Six-Month Delay. To the extent the Employee is a “specified
employee,” as defined in Section 409A(a)(2)(B)(i) of the Internal Revenue Code of
1986, as amended (the “Code”) and the regulations and other guidance promulgated
thereunder and any elections made by the Company in accordance therewith,
notwithstanding the timing of payment provided in any other Section of this
Agreement, no payment, distribution or benefit under this Agreement that constitutes
a distribution of deferred compensation (within the meaning of Treasury Regulation
Section 1.409A-1(b)) upon separation from service (within the meaning of Treasury
Regulation Section 1.409A-1(h)), after taking into account all available exemptions,
that would otherwise be payable, distributable or settled during the six (6) month
period after separation from service, will be made during such six (6) month period,
and any such payment, distribution or benefit will instead be paid, distributed or
settled on the first business day after such six (6) month period; provided, however,
that if the Employee dies following the Date of Termination and prior to the payment,
distribution, settlement or provision of any payments, distributions or benefits
delayed on account of Code Section 409A, such payments, distributions or benefits
shall be paid or provided to the personal representative of the Employee’s estate
within 30 days after the date of the Employee’s death.

     10. Excise Taxes. If any payments or benefits paid or provided or to be paid or
provided to the Employee or for the Employee’s benefit pursuant to the terms of this Agreement or
otherwise in connection with, or arising out of, employment with Company or its subsidiaries or the
termination thereof (a “Payment” and, collectively, the “Payments”) would be subject to the excise
tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Employee may elect for such
Payments to be reduced to one dollar less than the amount that would constitute a “parachute
payment” under Section 280G of the Code (the “Scaled Back Amount”). Any such election must be in
writing and delivered to Company within thirty (30) days after the Date of

 

 

Termination. If the Employee does not elect to have Payments reduced to the Scaled Back
Amount, the Employee shall be responsible for payment of any Excise Tax resulting from the Payments
and the Employee shall not be entitled to a gross-up payment under this Agreement or any other for
such Excise Tax. If the Payments are to be reduced, they shall be reduced in the following order of
priority: (i) first from cash compensation described in Section 9(a)(iii); (ii) cash compensation
described in Section 9(a)(ii); (iii) cash compensation described in Section 9(a)(v); (ii) equity
compensation described in Section 9(a)(iv) (first any equity compensation that constitutes deferred
compensation subject to Section 409A and then equity compensation that is not subject to Section
409A), and then (iii) pro-rated among all remaining payments and benefits. To the extent there is a
question as to which Payments within any of the foregoing categories are to be reduced first, the
Payments that will produce the greatest present value reduction in the Payments with the least
reduction in economic value provided to the Employee shall be reduced first.

     11. Non-Delegation of the Employee’s Rights. The obligations, rights and benefits of
the Employee hereunder are personal and may not be delegated, assigned or transferred in any manner
whatsoever, nor are such obligations, rights or benefits subject to involuntary alienation,
assignment or transfer.

     12. Confidential Information. The Employee acknowledges that he will occupy a
position of trust and confidence and will have access to and learn substantial information about
the Company and its affiliates and their operations that is confidential or not generally known in
the industry including, without limitation, information that relates to purchasing, sales,
customers, marketing, and the financial positions and financing arrangements of the Company and its
affiliates. The Employee agrees that all such information is proprietary or confidential, or
constitutes trade secrets and is the sole property of the Company and/or its affiliates, as the
case may be. The Employee will keep confidential, and will not reproduce, copy or disclose to any
other person or firm, any such information or any documents or information relating to the
Company’s or its affiliates’ methods, processes, customers, accounts, analyses, systems, charts,
programs, procedures, correspondence or records, or any other documents used or owned by the
Company or any of its affiliates, nor will the Employee advise, discuss with or in any way assist
any other person, firm or entity in obtaining or learning about any of the items described in this
Section 12. Accordingly, the Employee agrees that during the Employment Term and at all times
thereafter he will not disclose, or permit or encourage anyone else to disclose, any such
information, nor will he utilize any such information, either alone or with others, outside the
scope of his duties and responsibilities with the Company and its affiliates.

     13. Non-Competition.

	 	(a)	 	During Employment Term. The Employee agrees that, during the
Employment Term, he will devote such business time, attention and energies reasonably
necessary to the diligent and faithful performance of the services to the Company and
its affiliates, and he will not engage in any way whatsoever, directly or indirectly,
in any business that is a direct competitor with the Company’s or its affiliates’
principal business, nor solicit customers, suppliers or employees of the Company or
affiliates on behalf of, or in any other manner work for or assist any business which
is a direct competitor with the Company’s or its affiliates’

 

 

	 	 	 	principal business. In addition, during the Employment Term, the Employee will
undertake no planning for or organization of any business activity competitive with
the work he performs as an employee of the Company, and the Employee will not
combine or conspire with any other employee of the Company or any other person for
the purpose of organizing any such competitive business activity.
	 
	 	(b)	 	After Employment Term. The parties acknowledge that the Employee
will acquire substantial knowledge and information concerning the business of the
Company and its affiliates as a result of his employment. The parties further
acknowledge that the scope of business in which the Company and its affiliates are
engaged as of the Effective Date is national and very competitive and one in which
few companies can successfully compete. Competition by the Employee in that business
after the Employment Term would severely injure the Company and its affiliates.
Accordingly, for a period of one (1) year after the Employee’s employment terminates
for any reason whatsoever, except as otherwise stated herein below, the Employee
agrees: (i) not to become an employee, consultant, advisor, principal, partner or
substantial shareholder of any firm or business that directly competes with the
Company or its affiliates in their principal products and markets; and (ii), on
behalf of any such competitive firm or business, not to solicit any person or
business that was at the time of such termination and remains a customer or
prospective customer, a supplier or prospective supplier, or an employee of the
Company or an affiliate. Notwithstanding any of the foregoing provisions to the
contrary, the Employee shall not be subject to the restrictions set forth in this
Subsection 13(b) if: (A) the Employee’s employment is terminated by the Company
without Cause; (B) the Employee terminates employment for Good Reason; or (C) the
Employee’s employment is terminated as a result of the Company’s unwillingness to
extend the Employment Term.
	 
	 	(c)	 	Exclusion. Working, directly or indirectly, for any of the
following entities shall not be considered competitive to the Company or its
affiliates for the purpose of this Section 13: (i) Fidelity National Financial,
Inc., its affiliates or their successors; (ii) Lender Processing Services, Inc., its
affiliates or their successors; or (iii) the Company, its affiliates or their
successors if this Agreement is assumed by a third party as contemplated in Section
21.

     14. Return of Company Documents. Upon termination of the Employment Term, the
Employee shall return immediately to the Company all records and documents of or pertaining to the
Company or its affiliates and shall not make or retain any copy or extract of any such record or
document, or any other property of the Company or its affiliates.

     15. Improvements and Inventions. Any and all improvements or inventions that the
Employee may make or participate in during the Employment Term, unless wholly unrelated to the
business of the Company and its affiliates and not produced within the scope of the Employee’s
employment hereunder, shall be the sole and exclusive property of the Company. The Employee shall,
whenever requested by the Company, execute and deliver any and all documents that the Company deems
appropriate in order to apply for and obtain patents or copyrights in improvements or inventions or
in order to assign and/or convey to the Company
the sole and exclusive right, title and interest in and to such improvements, inventions,
patents, copyrights or applications.

 

 

     16. Actions. The parties agree and acknowledge that the rights conveyed by this
Agreement are of a unique and special nature and that the Company will not have an adequate remedy
at law in the event of a failure by the Employee to abide by its terms and conditions, nor will
money damages adequately compensate for such injury. Therefore, it is agreed between and hereby
acknowledged by the parties that, in the event of a breach by the Employee of any of the
obligations of this Agreement, the Company shall have the right, among other rights, to damages
sustained thereby and to obtain an injunction or decree of specific performance from any court of
competent jurisdiction to restrain or compel the Employee to perform as agreed herein. The
Employee hereby acknowledges that obligations under Sections and Subsections 12, 13(b), 14, 15, 16,
17 and 18 shall survive the termination of employment and be binding by their terms at all times
subsequent to the termination of employment for the periods specified therein. Nothing herein
shall in any way limit or exclude any other right granted by law or equity to the Company.

     17. Release. Notwithstanding any provision herein to the contrary, the Company may
require that, prior to payment of any amount or provision of any benefit under Section 9 (other
than due to the Employee’s death), the Employee shall have executed a complete release of the
Company and its affiliates and related parties in such form as is reasonably required by the
Company, and any waiting periods contained in such release shall have expired; provided,
however, that such release shall not apply to Employee’s rights under the benefit plans and
programs of the Company and its affiliates, which rights shall be determined in accordance with the
terms of such plans and programs. With respect to any release required to receive payments owed
pursuant to Section 9, the Company must provide the Employee with the form of release no later than
seven (7) days after the Date of Termination and the release must be signed by the Employee and
returned to the Company, unchanged, effective and irrevocable, no later than sixty (60) days after
the Date of Termination.

     18. No Mitigation. The Company agrees that, if the Employee’s employment hereunder is
terminated during the Employment Term, the Employee is not required to seek other employment or to
attempt in any way to reduce any amounts payable to the Employee by the Company hereunder.
Further, the amount of any payment or benefit provided for hereunder (other than pursuant to
Subsection 9(a)(v) hereof) shall not be reduced by any compensation earned by the Employee as the
result of employment by another employer, by retirement benefits or otherwise.

     19. Entire Agreement and Amendment. This Agreement embodies the entire agreement and
understanding of the parties hereto in respect of the subject matter of this Agreement, and
supersedes and replaces all prior agreements, understandings and commitments with respect to such
subject matter, including without limitation the Prior Agreement. This Agreement may be amended
only by a written document signed by both parties to this Agreement.

     20. Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Florida, excluding any conflicts or choice of law rule or principle
that might otherwise refer construction or interpretation of this Agreement to the substantive law
of another jurisdiction. Any litigation pertaining to this Agreement shall be adjudicated in
courts located in Duval County, Florida.

 

 

     21. Successors. This Agreement may not be assigned by the Employee. In addition to
any obligations imposed by law upon any successor to the Company, the Company will require any
successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the stock, business and/or assets of the Company, to expressly assume and
agree to perform this Agreement in the same manner and to the same extent that the Company would be
required to perform it if no such succession had taken place. Failure of the Company to obtain
such assumption by a successor shall be a material breach of this Agreement. The Employee agrees
and consents to any such assumption by a successor of the Company, as well as any assignment of
this Agreement by the Company for that purpose. As used in this Agreement, “Company” shall mean
the Company as herein before defined as well as any such successor that expressly assumes this
Agreement or otherwise becomes bound by all of its terms and provisions by operation of law. This
Agreement shall be binding upon and inure to the benefit of the parties and their permitted
successors or assigns.

     22. Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument.

     23. Attorneys’ Fees. If any party finds it necessary to employ legal counsel or to
bring an action at law or other proceedings against the other party to interpret or enforce any of
the terms hereof, the party prevailing in any such action or other proceeding shall be promptly
paid by the other party its reasonable legal fees, court costs, litigation expenses, all as
determined by the court and not a jury, and such payment shall be made by the non-prevailing party
no later than the end of the Employee’s tax year following the Employee’s tax year in which the
payment amount becomes known and payable; provided, however, that on or after a
Change in Control, and following the Employee’s termination of employment with the Company, if any
party finds it necessary to employ legal counsel or to bring an action at law or other proceedings
against the other party to interpret or enforce any of the terms hereof, the Company shall pay (on
an ongoing basis) to the Employee to the fullest extent permitted by law, all legal fees, court
costs and litigation expenses reasonably incurred by the Employee or others on his behalf (such
amounts collectively referred to as the “Reimbursed Amounts”); provided, further,
that the Employee shall reimburse the Company for the Reimbursed Amounts if it is determined that a
majority of the Employee’s claims or defenses were frivolous or without merit. Requests for
payment of Reimbursed Amounts, together with all documents required by the Company to substantiate
them, must be submitted to the Company no later than ninety (90) days after the expense was
incurred. The Reimbursed Amounts shall be paid by the Company within ninety (90) days after
receiving the request and all substantiating documents requested from the Employee. The payment of
Reimbursed Amounts during the Employee’s tax year will not impact the Reimbursed Amounts for any
other taxable year. The rights under this Section 23 shall survive the termination of employment
and this Agreement until the expiration of the applicable statute of limitations.

     24. Severability. If any section, subsection or provision hereof is found for any
reason whatsoever to be invalid or inoperative, that section, subsection or provision shall be
deemed severable and shall not affect the force and validity of any other provision of this
Agreement. If

 

 

any covenant herein is determined by a court to be overly broad thereby making the covenant
unenforceable, the parties agree and it is their desire that such court shall substitute a
reasonable judicially enforceable limitation in place of the offensive part of the covenant and
that as so modified the covenant shall be as fully enforceable as if set forth herein by the
parties themselves in the modified form. The covenants of the Employee in this Agreement shall
each be construed as an agreement independent of any other provision in this Agreement, and the
existence of any claim or cause of action of the Employee against the Company, whether predicated
on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of
the covenants in this Agreement.

     25. Notices. Any notice, request, or instruction to be given hereunder shall be in
writing and shall be deemed given when personally delivered or three (3) days after being sent by
United States Certified Mail, postage prepaid, with Return Receipt Requested, to the parties at
their respective addresses set forth below:

To the Company:

Fidelity National Information Services, Inc.

601 Riverside Avenue

Jacksonville, FL 32204

Attention: General Counsel

To the Employee:

William P. Foley, II

c/o Fidelity National Information Services, Inc.

601 Riverside Avenue

Jacksonville, FL 32204

     26. Waiver of Breach. The waiver by any party of any provisions of this Agreement
shall not operate or be construed as a waiver of any prior or subsequent breach by the other party.

     27. Tax Withholding. The Company or an affiliate may deduct from all compensation and
benefits payable under this Agreement any taxes or withholdings the Company is required to deduct
pursuant to state, federal or local laws.

     28. Code Section 409A. To the extent applicable, it is intended that this Agreement
and any payment made hereunder shall comply with the requirements of Section 409A of the Code, or
an exemption or exclusion therefrom, and any related regulations or other guidance promulgated with
respect to such Section by the U.S. Department of the Treasury or the Internal Revenue Service
(“Code Section 409A”); provided, that for the avoidance of doubt, this provision shall not be
construed to require a gross-up payment in respect of any taxes, interest or penalties imposed on
the Employee as a result of Code Section 409A. Any provision that would cause the Agreement or any
payment hereof to fail to satisfy Code Section 409A shall have no force or effect until amended in
the least restrictive manner necessary to comply with Code Section 409A, which amendment may be
retroactive to the extent permitted by Code Section 409A. Each payment under this Agreement shall
be treated as a separate payment for purposes of Code Section 409A. In no event may Employee,
directly or indirectly, designate the calendar year of any payment to be made under this Agreement.
All reimbursements and in-kind benefits

 

 

provided under this Agreement shall be made or provided in accordance with the requirements of
Code Section 409A, including, without limitation, that (i) in no event shall reimbursements by the
Company under this Agreement be made later than the end of the calendar year next following the
calendar year in which the applicable fees and expenses were incurred; (ii) the amount of in-kind
benefits that the Company is obligated to pay or provide in any given calendar year shall not
affect the in-kind benefits that the Company is obligated to pay or provide in any other calendar
year; (iii) the Employee’s right to have the Company pay or provide such reimbursements and in-kind
benefits may not be liquidated or exchanged for any other benefit; and (iv) in no event shall the
Company’s obligations to make such reimbursements or to provide such in-kind benefits apply later
than the Employee’s remaining lifetime. The Employee acknowledges that he has been advised to
consult with an attorney and any other advisors of Employee’s choice prior to executing this
Agreement, and the Employee further acknowledges that, in entering into this Agreement, he has not
relied upon any representation or statement made by any agent or representative of Company or its
affiliates that is not expressly set forth in this Agreement, including, without limitation, any
representation with respect to the consequences or characterization (including for purpose of tax
withholding and reporting) of the payment of any compensation or benefits hereunder under Section
409A of the Code and any similar sections of state tax law.

     IN WITNESS WHEREOF the parties have executed this Agreement to be effective as of the date
first set forth above.

	 	 	 	 	 	 	 
	 	 	FIDELITY NATIONAL INFORMATION SERVICES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Ronald D. Cook	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	Executive Vice President, General
Counsel 
and Corporate Secretary
	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	WILLIAM P. FOLEY, II	 	 
	 
	 
	 
	 	/s/ William P. Foley, II	 	 
	 	 	 	 	 

 

 

APPENDIX A

Position Title: Executive Chairman

DUTIES AND RESPONSIBILITIES: Reporting to the Board, the Employee’s duties and responsibilities
consist of:

	1.	 	serving as Chairman of the Company’s Board;
	 
	2.	 	strategic planning and initiatives;
	 
	3.	 	supervising integration efforts associated with strategic initiatives, including the
acquisition of Metavante Technologies, Inc., as well as cost reductions and other synergies
associated with this activity;
	 
	4.	 	establishing the frequency of Board meetings and reviewing such frequency from time to time,
as appropriate or as requested by the Board;
	 
	5.	 	presiding over meetings of the Board and shareholders;
	 
	6.	 	planning the contents and agenda of meetings of the Board and shareholders with the
assistance of the Company’s management;
	 
	7.	 	recommending Board committee members and committee chair appointments to the Board for
approval and reviewing the performance of those committees and chairs; and
	 
	8.	 	serving as Chair of the Executive Committee of the Board of Directors.exv10w11

Exhibit 10.11

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

     THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of
September 30, 2009, by and between FIDELITY NATIONAL INFORMATION SERVICES, INC., a Georgia
corporation (the “Company”), and LEE A KENNEDY (the “Employee”) and is effective as
of the Effective Date (as defined in the Agreement and Plan of Merger, dated as of March 31, 2009,
by and among the Company, Cars Holdings, LLC and Metavante Technologies, Inc.). In consideration
of the mutual covenants and agreements set forth herein, the parties agree as follows:

     1. Purpose and Release. This Agreement amends and restates, in its entirety, the
obligations of the parties under the Employment Agreement between the Company and the Employee,
dated as of May 1, 2008 (the “Prior Agreement”). The purpose of this Agreement is to
recognize the Employee’s significant contributions to the overall financial performance and success
of the Company, to acknowledge the importance of the Employee’s continued services to the Company’s
future success, to assure the Company of the services of the Employee following the Effective Date
notwithstanding any right the Employee may have to terminate the Prior Agreement, and to provide a
single, integrated document which shall provide the basis for the Employee’s continued employment
by the Company. In consideration of the execution of this Agreement and the termination of all
such prior agreements, the parties each release all rights and claims that they have, had or may
have arising under such prior agreements, including the Prior Agreement. In the event the
Effective Date does not occur, this Amended and Restated Employment Agreement shall be void ab
initio and of no further force and effect, and the Employee’s Prior Agreement shall continue in
full force and effect.

     2. Employment and Duties. Subject to the terms and conditions of this Agreement, the
Company agrees to continue to employ the Employee to serve in an executive capacity as Executive
Vice Chairman. The Employee accepts such continued employment and agrees to undertake and
discharge the duties, functions and responsibilities set forth in Appendix A attached hereto. In
addition to the duties, functions and responsibilities specifically assigned to the Employee
pursuant to Appendix A, the Employee will perform such other duties, functions and responsibilities
as may be from time to time assigned to the Employee by the Board of Directors of the Company (the
“Board”) in writing, consistent with the terms and provisions of this Agreement.

     3. Term. The term of this Agreement shall commence on the Effective Date and, unless
terminated as set forth in Section 8, shall continue for a period of two (2) years ending on the
second anniversary of the Effective Date or, if later, through the last day of any extension made
pursuant to the next sentence (the initial period and any extensions being collectively referred to
as the “Employment Term”). This Agreement shall be extended automatically for one
additional one (1) year on the first anniversary of the Effective Date and for an additional year
each anniversary thereafter unless either party gives written notice to the other not to extend the
Employment Term before such extension would be effectuated. Notwithstanding any termination of
this Agreement or the Employee’s employment, Sections 8 through 10 shall remain in effect unless
and until all parties’ obligations and benefits are satisfied thereunder.

 

 

     4. Salary. During the Employment Term, the Company shall pay the Employee a base
salary, at an annual rate, before deducting all applicable withholdings, of no less than $500,000
per year, payable at the time and in the manner dictated by the Company’s standard payroll
policies. Such minimum annual base salary may be periodically reviewed and increased (but not
decreased without the Employee’s express written consent) at the discretion of the Board or the
Compensation Committee of the Board (the “Committee”) to reflect, among other matters, cost
of living increases and performance results (such annual base salary, including any increases
pursuant to this Section 4, the “Annual Base Salary”).

     5. Other Compensation and Fringe Benefits. In addition to any executive bonus,
pension, deferred compensation and long-term incentive plans which the Company or an affiliate of
the Company may from time to time make available to the Employee, the Employee shall be entitled to
the following during the Employment Term:

	 	(a)	 	the standard Company benefits enjoyed by the Company’s other
top executives as a group;
	 
	 	(b)	 	payment by the Company of the Employee’s initiation and
membership dues in all social and/or recreational clubs as deemed necessary and
appropriate by the Company to maintain various business relationships on behalf
of the Company; provided, however, that the Company shall not be obligated to
pay for any of the Employee’s personal purchases or expenses at such clubs;
	 
	 	(c)	 	medical and other insurance coverage (for the Employee and any
covered dependents) provided by the Company to its other top executives as a
group;
	 
	 	(d)	 	supplemental disability insurance sufficient to provide
two-thirds of the Employee’s pre-disability Annual Base Salary;
	 
	 	(e)	 	an annual incentive bonus opportunity under the Company’s
annual incentive plan (“Annual Bonus Plan”) for each calendar year
included in the Employment Term, with such opportunity to be earned based upon
attainment of performance objectives established by the Committee (“Annual
Bonus”). The Employee’s target Annual Bonus under the Annual Bonus Plan
shall be no less than 200% of the Employee’s Annual Base Salary, with a maximum
of up to 400% of the Employee’s Annual Base Salary (collectively, the target
and maximum are referred to as the “Annual Bonus Opportunity”). The
Employee’s Annual Bonus Opportunity may be periodically reviewed and increased
(but not decreased without the Employee’s express written consent) at the
discretion of the Committee. The Annual Bonus shall be paid no later than the
March 15th first following the calendar year to which the Annual
Bonus relates. Unless provided otherwise herein or the Board or the Committee
determines otherwise, no Annual Bonus shall be paid to the

-2-

 

	 	 	 	Employee unless the Employee is employed by the Company, or an affiliate
thereof, on the Annual Bonus payment date;

	 	(f)	 	on the Effective Date, any award of restricted stock granted to
the Employee prior to the Effective Date shall vest and become free of any
applicable forfeiture and transfer restrictions as of the Effective Date;
	 
	 	(g)	 	on the Effective Date, the Employee shall be awarded a cash
retention bonus in an amount equal to $10,468,302 (the “Retention Cash Award”),
payable in a single lump sum pursuant to the Employee’s Prior Agreement as an
inducement for Employee to enter into this Agreement and continue his
employment relationship with the Company; provided that, for the avoidance of
doubt, the Retention Cash Award shall not be taken into account in computing
any benefits under any plan, program or arrangement of the Company or its
affiliates and shall not be considered an “Annual Bonus”; and
	 
	 	(h)	 	participation in the Company’s equity incentive plans and all
other benefits and incentive opportunities customarily made available to the
Company’s other top executives.

     6. Vacation. For and during each calendar year within the Employment Term, the
Employee shall be entitled to reasonable paid vacation periods consistent with the Employee’s
position and in accordance with the Company’s standard policies, or as the Board or the Committee
may approve. In addition, the Employee shall be entitled to such holidays consistent with the
Company’s standard policies or as the Board or the Committee may approve.

     7. Expense Reimbursement. In addition to the compensation and benefits provided
herein, the Company shall, upon receipt of appropriate documentation, reimburse the Employee each
month for his reasonable travel, lodging, entertainment, promotion and other ordinary and necessary
business expenses to the extent such reimbursement is permitted under the Company’s expense
reimbursement policy.

     8. Termination of Employment. The Company or the Employee may terminate the
Employee’s employment at any time and for any reason in accordance with Subsection 8(a) below. The
Employment Term shall be deemed to have ended on the last day of the Employee’s employment. The
Employment Term shall terminate automatically upon the Employee’s death.

          (a) Notice of Termination. Any purported termination of the Employee’s employment
(other than by reason of death) shall be communicated by written Notice of Termination (as defined
herein) from one party to the other in accordance with the notice provisions contained in Section
25. For purposes of this Agreement, a “Notice of Termination” shall mean a notice that
indicates the Date of Termination (as that term is defined in Subsection 8(b)) and, with respect to
a termination due to Cause (as that term is defined in Subsection 8(d)), Disability (as that term
is defined in Subsection 8(e)) or Good Reason (as that term is defined in Subsection 8(f)), sets
forth in reasonable detail the facts and circumstances that are alleged to provide a basis for such
termination. A Notice of Termination from the Company shall specify

-3-

 

whether the termination is with or without Cause or due to the Employee’s Disability. A
Notice of Termination from the Employee shall specify whether the termination is with or without
Good Reason.

          (b) Date of Termination. For purposes of this Agreement, “Date of
Termination” shall mean the date specified in the Notice of Termination (but in no event shall
such date be earlier than the thirtieth (30th) day following the date the Notice of
Termination is given) or the date of the Employee’s death. Notwithstanding the foregoing, in no
event shall the Date of Termination occur until the Employee experiences a “separation from
service” within the meaning of Code Section 409A (as defined in Section 28 of the Agreement), and
notwithstanding anything contained herein to the contrary, the date on which such separation from
service takes place shall be the “Date of Termination,” and all references herein to a “termination
of employment” (or words of similar meaning) shall mean a “separation from service” within the
meaning of Code Section 409A.

          (c) No Waiver. The failure to set forth any fact or circumstance in a Notice of
Termination, which fact or circumstance was not known to the party giving the Notice of Termination
when the notice was given, shall not constitute a waiver of the right to assert such fact or
circumstance in an attempt to enforce any right under or provision of this Agreement.

          (d) Cause. For purposes of this Agreement, a termination of the Employee’s employment
for “Cause” means a termination of the Employee’s employment by the Company based upon the
Employee’s: (i) persistent failure to perform duties consistent with a commercially reasonable
standard of care (other than due to a physical or mental impairment or due to an action or inaction
directed by the Company that would otherwise constitute Good Reason); (ii) willful neglect of
duties (other than due to a physical or mental impairment or due to an action or inaction directed
by the Company that would otherwise constitute Good Reason); (iii) conviction of, or pleading nolo
contendere to, criminal or other illegal activities involving dishonesty; (iv) material breach of
this Agreement; or (v) failure to materially cooperate with or impeding an investigation authorized
by the Board.

          (e) Disability. For purposes of this Agreement, a termination based upon
“Disability” means a termination by the Company based upon the Employee’s entitlement to
long-term disability benefits under the Company’s long-term disability plan or policy, as the case
may be, as in effect on the Date of Termination; provided, however, that if the Employee is not a
participant in the Company’s long-term disability plan or policy on the Date of Termination, he
shall still be considered terminated based upon Disability if he would have been entitled to
benefits under the Company’s long-term disability plan or policy had he been a participant on his
Date of Termination.

          (f) Good Reason. For purposes of this Agreement, a termination for “Good
Reason” means a termination by the Employee during the Employment Term based upon the
occurrence (without the Employee’s express written consent) of any of the following:

	 	(i)	 	a material diminution in the Employee’s
position or title, or the assignment of duties to the Employee that are
materially
inconsistent with the Employee’s position or title as set forth in
this Agreement;

-4-

 

	 	(ii)	 	a material diminution in the Employee’s Annual
Base Salary or Annual Bonus Opportunity;
	 
	 	(iii)	 	within six (6) months immediately preceding or
within two (2) years immediately following a Change in Control: (A) a
material adverse change in the Employee’s status, authority or
responsibility (e.g. the Company has determined that a change in the
department or functional group over which the Employee has managerial
authority would constitute such a material adverse change) as of
immediately following the Effective Date; (B) a requirement that the
Employee report to a corporate officer or the Employee instead of
reporting directly to the Board; (C) a material diminution in the
budget over which the Employee has managing authority as of immediately
following the Effective Date; or (D) a material change in the
geographic location of the Employee’s principal place of employment,
which is currently Jacksonville, Florida (e.g., the Company has
determined that a relocation of more than thirty-five (35) miles would
constitute such a material change); or
	 
	 	(iv)	 	a material breach by the Company of any of its
obligations under this Agreement.

Notwithstanding the foregoing, the Employee being placed on a paid leave for
up to sixty (60) days pending a determination of whether there is a basis to
terminate the Employee for Cause shall not constitute Good Reason. The
Employee’s continued employment shall not constitute consent to, or a waiver
of rights with respect to, any act or failure to act constituting Good
Reason hereunder; provided, however, that no such event described above
shall constitute Good Reason unless: (1) the Employee gives Notice of
Termination to the Company specifying the condition or event relied upon for
such termination either: (x) within ninety (90) days of the initial
existence of such event; or (y) in the case of an event predating a Change
in Control, within ninety (90) days of the Change in Control; and (2) the
Company fails to cure the condition or event constituting Good Reason within
thirty (30) days following receipt of the Employee’s Notice of Termination
(the “Cure Period”). In the event that the Company fails to remedy
the condition constituting Good Reason during the applicable Cure Period,
the Employee’s Date of Termination must occur, if at all, within one-hundred
fifty (150) days following such Cure Period in order for such termination as
a result of such condition to constitute a termination for Good Reason.

-5-

 

     9. Obligations of Company Upon Termination.

          (a) Termination by Company for a Reason Other than Cause, Death or Disability and
Termination by Employee for Good Reason. If the Employee’s employment is terminated by: (1)
the Company for any reason other than Cause, Death or Disability; or (2) the Employee for Good
Reason:

	 	(i)	 	the Company shall pay the Employee the
following (collectively, the “Accrued Obligations”): (A)
within five (5) business days after the Date of Termination, any earned
but unpaid Annual Base Salary; (B) within a reasonable time following
submission of all applicable documentation, any expense reimbursement
payments owed to the Employee for expenses incurred prior to the Date
of Termination; and (C) no later than March 15th of the year in which
the Date of Termination occurs, any earned but unpaid Annual Bonus
payments relating to the calendar year prior to the year in which the
Date of Termination occurs;
	 
	 	(ii)	 	the Company shall pay the Employee no later
than March 15th of the calendar year following the year in which the
Date of Termination occurs, a prorated Annual Bonus based upon the
actual Annual Bonus that would have been earned by the Employee for the
year in which the Date of Termination occurs (based upon the target
Annual Bonus Opportunity in the year in which the Date of Termination
occurred, or the prior year if no target Annual Bonus Opportunity has
yet been determined, and the actual satisfaction of the applicable
performance measures, but ignoring any requirement under the Annual
Bonus plan that the Employee must be employed on the payment date)
multiplied by the percentage of the calendar year completed before the
Date of Termination;
	 
	 	(iii)	 	the Company shall pay the Employee, within
sixty-five (65) days after the Date of Termination, a lump-sum payment
equal to the sum of (A) the amount equal to the product of (x) the sum
of (1) the Employee’s Annual Base Salary in effect immediately prior to
the Date of Termination (disregarding any reduction in Annual Base
Salary to which the Employee did not expressly consent in writing); and
(2) the Employee’s target Annual Bonus Opportunity in the year in which
the Date of Termination occurs, and (y) a fraction, the numerator of
which is equal to the number of days remaining in the then-current
Employment Term from and after the Date of Termination and the
denominator of which is equal to 365, and (B) to the extent unpaid, the
Retention Cash Award;
	 
	 	(iv)	 	all stock options, restricted stock,
performance shares and other equity-based awards granted by the Company
prior to the Effective

-6-

 

	 	 	 	Date (collectively, the “Prior Equity Awards”) and all stock
options, restricted stock and other equity-based incentive awards
granted by the Company on or following the Effective Date (the
“New Equity Awards”), in each case, that are outstanding but
not vested as of the Date of Termination shall become immediately
vested and/or paid or settled, as the case may be; provided, however,
that notwithstanding the foregoing, any such Prior Equity Awards or
New Equity Awards that constitute a non-qualified deferred
compensation arrangement within the meaning of Code Section 409A
shall be paid or settled on the earliest date coincident with or
following the Date of Termination that does not result in a violation
of or penalties under Code Section 409A; and

	 	(v)	 	the Company shall provide the Employee with
certain continued welfare benefits as follows:

	 	(a)	 	Any life insurance coverage
provided by the Company shall terminate at the same time as life
insurance coverage would normally terminate for any other
employee that terminates employment with the Company, and the
Employee shall have the right to convert that life insurance
coverage to an individual policy under the regular rules of the
Company’s group policy. In addition, within thirty (30)
business days after the Date of Termination, the Company shall
pay the Employee a lump sum cash payment equal to thirty-six
monthly life insurance premiums based on the monthly premiums
that would be due assuming that the Employee had converted
his/her Company life insurance coverage that was in effect on
the Notice of Termination into an individual policy; and
	 
	 	(b)	 	As long as the Employee pays the
full monthly premiums for COBRA coverage, the Company shall
provide the Employee and, as applicable, the Employee’s eligible
dependents with continued medical and dental coverage, on the
same basis as provided to the Company’s active executives and
their dependents until the earlier of: (i) three (3) years
after the Date of Termination; or (ii) the date the Employee is
first eligible for medical and dental coverage (without
pre-existing condition limitations) with a subsequent employer.
In addition, within thirty (30) business days after the Date of
Termination, the Company shall pay the Employee a lump sum cash
payment equal to thirty-six monthly medical and dental COBRA
premiums based on the level of coverage in effect for the
Employee (e.g., employee only or family coverage) on the Date of
Termination.

-7-

 

          (b) Termination by Company for Cause. If the Employee’s employment is terminated by
the Company for Cause or by the Employee without Good Reason, the Company shall pay the Employee
any Accrued Obligations. In addition, the Employee’s Prior Equity Awards and, except in the case
of a termination of the Employee’s employment for Cause, the Employee’s New Equity Awards, in each
case, that are outstanding but not vested as of the Date of Termination shall become immediately
vested and/or be paid or settled, as the case may be, as provided in Section 9(a)(iv) of this
Agreement.

          (c) Termination by Employee without Good Reason. If the Employee’s employment is
terminated by the Employee without Good Reason, the Company shall pay the Employee any Accrued
Obligations. In addition, the Company shall pay the Employee no later than the sixty-fifth (65th)
calendar day, a prorated Annual Bonus based upon the target Annual Bonus Opportunity in the year in
which the Date of Termination occurred (or the prior year if no target Annual Bonus Opportunity has
yet been determined) multiplied by the percentage of the calendar year completed before the Date of
Termination. In addition, the Employee’s Prior Equity Awards and, except in the case of a
termination of the Employee’s employment for Cause, the Employee’s New Equity Awards, in each case,
that are outstanding but not vested as of the Date of Termination shall become immediately vested
and/or be paid or settled, as the case may be, as provided in Section 9(a)(iv) of this Agreement.

          (d) Termination due to Death or Disability. If the Employee’s employment is
terminated due to death or Disability, the Company shall pay the Employee (or to the Employee’s
estate or personal representative in the case of death) any Accrued Obligations. In addition, the
Company shall pay the Employee (or to the Employee’s estate or personal representative in the case
of death) no later than the sixty-fifth (65th) calendar day (i) a prorated Annual Bonus based upon
the target Annual Bonus Opportunity in the year in which the Date of Termination occurred (or the
prior year if no target Annual Bonus Opportunity has yet been determined) multiplied by the
percentage of the calendar year completed before the Date of Termination; plus (ii) the unpaid
portion of the Annual Base Salary for the remainder of the Employment Term; plus (iii) to the
extent unpaid, the Retention Cash Award. In addition, the Employee’s Prior Equity Awards and New
Equity Awards, in each case, that are outstanding but not vested as of the Date of Termination
shall vest and/or be paid or settled, as the case may be, as provided in Section 9(a)(iv) of this
Agreement.

          (e) Definition of Change in Control. For purposes of this Agreement, the term
“Change in Control” shall mean that the conditions set forth in any one of the following
subsections shall have been satisfied:

	 	(i)	 	the acquisition, directly or indirectly, by any
“person” (within the meaning of Section 3(a)(9) of the
Securities and Exchange Act of 1934, as amended (the “Exchange
Act”) and used in Sections 13(d) and 14(d) thereof) of
“beneficial ownership” (within the meaning of Rule 13d-3 of the
Exchange Act) of securities of the Company possessing more than 50% of
the total combined voting power of all outstanding securities of the
Company;

-8-

 

	 	(ii)	 	a merger or consolidation in which the Company
is not the surviving entity, except for a transaction in which the
holders of the outstanding voting securities of the Company immediately
prior to such merger or consolidation hold, in the aggregate,
securities possessing more than 50% of the total combined voting power
of all outstanding voting securities of the surviving entity
immediately after such merger or consolidation;
	 
	 	(iii)	 	a reverse merger in which the Company is the
surviving entity but in which securities possessing more than 50% of
the total combined voting power of all outstanding voting securities of
the Company are transferred to or acquired by a person or persons
different from the persons holding those securities immediately prior
to such merger;
	 
	 	(iv)	 	during any period of two (2) consecutive years
during the Employment Term or any extensions thereof, individuals, who,
as of the Effective Date (including, without limitation, the Metavante
directors), constitute the Board, cease for any reason to constitute at
least a majority thereof, unless the election of each director who was
not a director at the beginning of such period has been approved in
advance by directors representing at least two-thirds of the directors
then in office who were directors at the beginning of the period;
	 
	 	(v)	 	the sale, transfer or other disposition (in one
transaction or a series of related transactions) of assets of the
Company that have a total fair market value equal to or more than
one-third of the total fair market value of all of the assets of the
Company immediately prior to such sale, transfer or other disposition,
other than a sale, transfer or other disposition to an entity (x) which
immediately following such sale, transfer or other disposition owns,
directly or indirectly, at least 50% of the Company’s outstanding
voting securities or (y) 50% or more of whose outstanding voting
securities is immediately following such sale, transfer or other
disposition owned, directly or indirectly, by the Company. For
purposes of the foregoing clause, the sale of stock of a subsidiary of
the Company (or the assets of such subsidiary) shall be treated as a
sale of assets of the Company; or
	 
	 	(vi)	 	the approval by the stockholders of the Company
of a plan or proposal for the liquidation or dissolution of the
Company.

          (f) Six-Month Delay. To the extent the Employee is a “specified employee,” as defined
in Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the “Code”) and the
regulations and other guidance promulgated thereunder and any elections made by the Company in
accordance therewith, notwithstanding the timing of payment provided in any

-9-

 

other Section of this Agreement, no payment, distribution or benefit under this Agreement that
constitutes a distribution of deferred compensation (within the meaning of Treasury Regulation
Section 1.409A-1(b)) upon separation from service (within the meaning of Treasury Regulation
Section 1.409A-1(h)), after taking into account all available exemptions, that would otherwise be
payable, distributable or settled during the six (6) month period after separation from service,
will be made during such six (6) month period, and any such payment, distribution or benefit will
instead be paid, distributed or settled on the first business day after such six (6) month period;
provided, however, that if the Employee dies following the Date of Termination and prior to the
payment, distribution, settlement or provision of any payments, distributions or benefits
delayed on account of Code Section 409A, such payments, distributions or benefits shall be paid or
provided to the personal representative of the Employee’s estate within 30 days after the date of
the Employee’s death.

     10. Excise Taxes. If any payments or benefits paid or provided or to be paid or
provided to the Employee or for the Employee’s benefit pursuant to the terms of this Agreement or
otherwise in connection with, or arising out of, employment with the Company or its subsidiaries or
the termination thereof (a “Payment” and, collectively, the “Payments”) would be subject to the
excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Employee may elect for
such Payments to be reduced to one dollar less than the amount that would constitute a “parachute
payment” under Section 280G of the Code (the “Scaled Back Amount”). Any such election must be in
writing and delivered to the Company within thirty (30) days after the Date of Termination. If the
Employee does not elect to have Payments reduced to the Scaled Back Amount, the Employee shall be
responsible for payment of any Excise Tax resulting from the Payments and the Employee shall not be
entitled to a gross-up payment under this Agreement or any other for such Excise Tax. If the
Payments are to be reduced, they shall be reduced in the following order of priority: (i) first
from cash compensation described in Section 9(a)(iii); (ii) cash compensation described in Section
9(a)(ii); (iii) cash compensation described in
Section 9(a)(v); (iv) equity compensation described
in Section 9(a)(iv) (first any equity compensation that constitutes deferred compensation subject
to Section 409A and then equity compensation that is not subject
to Section 409A), and then (v)
pro-rated among all remaining payments and benefits. To the extent there is a question as to which
Payments within any of the foregoing categories are to be reduced first, the Payments that will
produce the greatest present value reduction in the Payments with the least reduction in economic
value provided to the Employee shall be reduced first.

     11. Non-Delegation of Employee’s Rights. The obligations, rights and benefits of the
Employee hereunder are personal and may not be delegated, assigned or transferred in any manner
whatsoever, nor are such obligations, rights or benefits subject to involuntary alienation,
assignment or transfer.

     12. Confidential Information. The Employee acknowledges that he will occupy a
position of trust and confidence and will have access to and learn substantial information about
the Company and its affiliates and their operations that is confidential or not generally known in
the industry including, without limitation, information that relates to purchasing, sales,
customers, marketing, and the financial positions and financing arrangements of the Company and its
affiliates. The Employee agrees that all such information is proprietary or confidential, or
constitutes trade secrets and is the sole property of the Company and/or its affiliates, as the
case

-10-

 

may be. The Employee will keep confidential, and will not reproduce, copy or disclose to any
other person or firm, any such information or any documents or information relating to the
Company’s or its affiliates’ methods, processes, customers, accounts, analyses, systems, charts,
programs, procedures, correspondence or records, or any other documents used or owned by the
Company or any of its affiliates, nor will the Employee advise, discuss with or in any way assist
any other person, firm or entity in obtaining or learning about any of the items described in this
Section 12. Accordingly, the Employee agrees that during the Employment Term and at all times
thereafter he will not disclose, or permit or encourage anyone else to disclose, any such
information, nor will he utilize any such information, either alone or with others, outside the
scope of his duties and responsibilities with the Company and its affiliates.

     13. Non-Competition.

          (a) During Employment Term. The Employee agrees that, during the Employment Term, he
will devote such business time, attention and energies reasonably necessary to the diligent and
faithful performance of the services to the Company and its affiliates, and he will not engage in
any way whatsoever, directly or indirectly, in any business that is a direct competitor with the
Company’s or its affiliates’ principal business, nor solicit customers, suppliers or employees of
the Company or affiliates on behalf of, or in any other manner work for or assist any business
which is a direct competitor with the Company’s or its affiliates’ principal business. In
addition, during the Employment Term, the Employee will undertake no planning for or organization
of any business activity competitive with the work he performs as an employee of the Company, and
the Employee will not combine or conspire with any other employee of the Company or any other
person for the purpose of organizing any such competitive business activity.

          (b) After Employment Term. The parties acknowledge that the Employee will acquire
substantial knowledge and information concerning the business of the Company and its affiliates as
a result of his employment. The parties further acknowledge that the scope of business in which
the Company and its affiliates are engaged as of the Effective Date is national and very
competitive and one in which few companies can successfully compete. Competition by the Employee
in that business after the Employment Term would severely injure the Company and its affiliates.
Accordingly, for a period of one (1) year after the Employee’s employment terminates for any reason
whatsoever, except as otherwise stated herein below, the Employee agrees: (i) not to become an
employee, consultant, advisor, principal, partner or substantial shareholder of any firm or
business that directly competes with the Company or its affiliates in their principal products and
markets; and (ii), on behalf of any such competitive firm or business, not to solicit any person
or business that was at the time of such termination and remains a customer or prospective
customer, a supplier or prospective supplier, or an employee of the Company or an affiliate.
Notwithstanding any of the foregoing provisions to the contrary, the Employee shall not be subject
to the restrictions set forth in this Subsection 13(b) if: (i) the Employee’s employment is
terminated by the Company without Cause; (ii) the Employee terminates employment for Good Reason;
or (iii) the Employee’s employment is terminated as a result of the Company’s unwillingness to
extend the Employment Term.

          (c) Exclusion. Working, directly or indirectly, for any of the following entities
shall not be considered competitive to the Company or its affiliates for the purpose of

-11-

 

this Section 13: (i) Fidelity National Financial, Inc., its affiliates or their successors;
(ii) the Lender Processing Services division of Fidelity National Information Services, Inc. or its
affiliates following the spin-off publicly announced on October 25, 2007, its affiliates or their
successors; or (iii) Fidelity National Information Services, Inc. or its affiliates or their
successors if this Agreement is assumed by a third party as contemplated in Section 21.

     14. Return of Company Documents. Upon termination of the Employment Term, the
Employee shall return immediately to the Company all records and documents of or pertaining to the
Company or its affiliates and shall not make or retain any copy or extract of any such record or
document, or any other property of the Company or its affiliates.

     15. Improvements and Inventions. Any and all improvements or inventions that the
Employee may make or participate in during the Employment Term, unless wholly unrelated to the
business of the Company and its affiliates and not produced within the scope of the Employee’s
employment hereunder, shall be the sole and exclusive property of the Company. The Employee shall,
whenever requested by the Company, execute and deliver any and all documents that the Company deems
appropriate in order to apply for and obtain patents or copyrights in improvements or inventions or
in order to assign and/or convey to the Company the sole and exclusive right, title and interest in
and to such improvements, inventions, patents, copyrights or applications.

     16. Actions. The parties agree and acknowledge that the rights conveyed by this
Agreement are of a unique and special nature and that the Company will not have an adequate remedy
at law in the event of a failure by the Employee to abide by its terms and conditions, nor will
money damages adequately compensate for such injury. Therefore, it is agreed between and hereby
acknowledged by the parties that, in the event of a breach by the Employee of any of the
obligations of this Agreement, the Company shall have the right, among other rights, to damages
sustained thereby and to obtain an injunction or decree of specific performance from any court of
competent jurisdiction to restrain or compel the Employee to perform as agreed herein. The
Employee hereby acknowledges that obligations under Sections and Subsections 12, 13(b), 14, 15, 16,
17 and 18 shall survive the termination of employment and be binding by their terms at all times
subsequent to the termination of employment for the periods specified therein. Nothing herein
shall in any way limit or exclude any other right granted by law or equity to the Company.

     17. Release. Notwithstanding any provision herein to the contrary, the Company may
require that, prior to payment of any amount or provision of any benefit under Section 9 (other
than due to the Employee’s death), the Employee shall have executed a complete release of the
Company and its affiliates and related parties in such form as is reasonably required by the
Company, and any waiting periods contained in such release shall have expired; provided, however,
that such release shall not apply to Employee’s rights under the benefit plans and programs of the
Company and its affiliates, which rights shall be determined in accordance with the terms of such
plans and programs. With respect to any release required to receive payments owed pursuant to
Section 9, the Company must provide the Employee with the form of release no later than seven (7)
days after the Date of Termination and the release must be signed by the Employee and returned to
the Company, unchanged, effective and irrevocable, no later than sixty (60) days after the Date of
Termination.

-12-

 

     18. No Mitigation. The Company agrees that, if the Employee’s employment hereunder is
terminated during the Employment Term, the Employee is not required to seek other employment or to
attempt in any way to reduce any amounts payable to the Employee by the Company hereunder.
Further, the amount of any payment or benefit provided for hereunder (other than pursuant to
Subsection 9(a)(v) hereof) shall not be reduced by any compensation earned by the Employee as the
result of employment by another employer, by retirement benefits or otherwise.

     19. Entire Agreement and Amendment. This Agreement embodies the entire agreement and
understanding of the parties hereto in respect of the subject matter of this Agreement, and
supersedes and replaces all prior agreements, understandings and commitments with respect to such
subject matter, including without limitation the Prior Agreement. This Agreement may be amended
only by a written document signed by both parties to this Agreement.

     20. Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Florida, excluding any conflicts or choice of law rule or principle
that might otherwise refer construction or interpretation of this Agreement to the substantive law
of another jurisdiction. Any litigation pertaining to this Agreement shall be adjudicated in
courts located in Duval County, Florida.

     21. Successors. This Agreement may not be assigned by the Employee. In addition to
any obligations imposed by law upon any successor to the Company, the Company will require any
successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the stock, business and/or assets of the Company, to expressly assume and
agree to perform this Agreement in the same manner and to the same extent that the Company would be
required to perform it if no such succession had taken place. Failure of the Company to obtain
such assumption by a successor shall be a material breach of this Agreement. The Employee agrees
and consents to any such assumption by a successor of the Company, as well as any assignment of
this Agreement by the Company for that purpose. As used in this Agreement, “Company” shall mean
the Company as herein before defined as well as any such successor that expressly assumes this
Agreement or otherwise becomes bound by all of its terms and provisions by operation of law. This
Agreement shall be binding upon and inure to the benefit of the parties and their permitted
successors or assigns.

     22. Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument.

     23. Attorneys’ Fees. If any party finds it necessary to employ legal counsel or to
bring an action at law or other proceedings against the other party to interpret or enforce any of
the terms hereof, the party prevailing in any such action or other proceeding shall be promptly
paid by the other party its reasonable legal fees, court costs, litigation expenses, all as
determined by the court and not a jury, and such payment shall be made by the non-prevailing party
no later than the end of the Employee’s tax year following the Employee’s tax year in which the
payment amount becomes known and payable; provided, however, that on or after a Change in Control,
and following the Employee’s termination of employment with the Company, if any party finds

-13-

 

it necessary to employ legal counsel or to bring an action at law or other proceedings against
the other party to interpret or enforce any of the terms hereof, the Company shall pay (on an
ongoing basis) to the Employee to the fullest extent permitted by law, all legal fees, court costs
and litigation expenses reasonably incurred by the Employee or others on his behalf (such amounts
collectively referred to as the “Reimbursed Amounts”); provided, further, that the Employee
shall reimburse the Company for the Reimbursed Amounts if it is determined that a majority of the
Employee’s claims or defenses were frivolous or without merit. Requests for payment of Reimbursed
Amounts, together with all documents required by the Company to substantiate them, must be
submitted to the Company no later than ninety (90) days after the expense was incurred. The
Reimbursed Amounts shall be paid by the Company within ninety (90) days after receiving the request
and all substantiating documents requested from the Employee. The payment of Reimbursed Amounts
during the Employee’s tax year will not impact the Reimbursed Amounts for any other taxable year.
The rights under this Section 23 shall survive the termination of employment and this Agreement
until the expiration of the applicable statute of limitations.

     24. Severability. If any section, subsection or provision hereof is found for any
reason whatsoever to be invalid or inoperative, that section, subsection or provision shall be
deemed severable and shall not affect the force and validity of any other provision of this
Agreement. If any covenant herein is determined by a court to be overly broad thereby making the
covenant unenforceable, the parties agree and it is their desire that such court shall substitute a
reasonable judicially enforceable limitation in place of the offensive part of the covenant and
that as so modified the covenant shall be as fully enforceable as if set forth herein by the
parties themselves in the modified form. The covenants of the Employee in this Agreement shall
each be construed as an agreement independent of any other provision in this Agreement, and the
existence of any claim or cause of action of the Employee against the Company, whether predicated
on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of
the covenants in this Agreement.

     25. Notices. Any notice, request, or instruction to be given hereunder shall be in
writing and shall be deemed given when personally delivered or three (3) days after being sent by
United States Certified Mail, postage prepaid, with Return Receipt Requested, to the parties at
their respective addresses set forth below:

To the Company:

Fidelity National Information Services, Inc.

601 Riverside Avenue

Jacksonville, FL 32204

Attention: General Counsel

To the Employee:

Lee A. Kennedy

Fidelity National Information Services, Inc.

601 Riverside Avenue

Jacksonville, FL 32204

-14-

 

     26. Waiver of Breach. The waiver by any party of any provisions of this Agreement
shall not operate or be construed as a waiver of any prior or subsequent breach by the other party.

     27. Tax Withholding. the Company or an affiliate may deduct from all compensation and
benefits payable under this Agreement any taxes or withholdings the Company is required to deduct
pursuant to state, federal or local laws.

     28. Code Section 409A. To the extent applicable, it is intended that this Agreement
and any payment made hereunder shall comply with the requirements of Section 409A of the Code, or
an exemption or exclusion therefrom, and any related regulations or other guidance promulgated with
respect to such Section by the U.S. Department of the Treasury or the Internal Revenue Service
(“Code Section 409A”); provided, that for the avoidance of doubt, this provision shall not
be construed to require a gross-up payment in respect of any taxes, interest or penalties imposed
on the Employee as a result of Code Section 409A. Any provision that would cause the Agreement or
any payment hereof to fail to satisfy Code Section 409A shall have no force or effect until amended
in the least restrictive manner necessary to comply with Code Section 409A, which amendment may be
retroactive to the extent permitted by Code Section 409A. Each payment under this Agreement shall
be treated as a separate payment for purposes of Code Section 409A. In no event may the Employee,
directly or indirectly, designate the calendar year of any payment to be made under this Agreement.
All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in
accordance with the requirements of Code Section 409A, including, without limitation, that (i) in
no event shall reimbursements by the Company under this Agreement be made later than the end of the
calendar year next following the calendar year in which the applicable fees and expenses were
incurred; (ii) the amount of in-kind benefits that the Company is obligated to pay or provide in
any given calendar year shall not affect the in-kind benefits that the Company is obligated to pay
or provide in any other calendar year; (iii) the Employee’s right to have the Company pay or
provide such reimbursements and in-kind benefits may not be liquidated or exchanged for any other
benefit; and (iv) in no event shall the Company’s obligations to make such reimbursements or to
provide such in-kind benefits apply later than the Employee’s remaining lifetime. The Employee
acknowledges that he has been advised to consult with an attorney and any other advisors of the
Employee’s choice prior to executing this Agreement, and the Employee further acknowledges that, in
entering into this Agreement, he has not relied upon any representation or statement made by any
agent or representative of the Company or its affiliates that is not expressly set forth in this
Agreement, including, without limitation, any representation with respect to the consequences or
characterization (including for purpose of tax withholding and reporting) of the payment of any
compensation or benefits hereunder under Section 409A of the Code and any similar sections of state
tax law.

     IN WITNESS WHEREOF the parties have executed this Agreement to be effective as of the date
first set forth above.

-15-

 

	 	 	 	 	 	 	 
	 	 	FIDELITY NATIONAL INFORMATION SERVICES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Ronald D. Cook	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	Executive Vice President, General
Counsel 
and Corporate Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	LEE A. KENNEDY	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	/s/ Lee A. Kennedy	 	 
	 	 	 	 	 

-16-

 

APPENDIX A

Position Title: Executive Vice Chairman

DUTIES AND RESPONSIBILITIES: Reporting to the Board, the Employee’s duties and responsibilities
consist of:

	 	1.	 	serving as Vice Chairman of the Board of Directors;
	 
	 	2.	 	in the absence of the Chairman of the Board of Directors, presiding over
meetings of the Board and the Company’s shareholders;
	 
	 	3.	 	supervising integration efforts associated with strategic initiatives,
including the acquisition of Metavante Technologies, Inc., as well as cost reductions
and other synergies associated with that activity;
	 
	 	4.	 	serving as a member of the Executive Committee of the Board of Directors; and
	 
	 	5.	 	performing such other powers as shall from time to time be assigned by the
Chairman or Board of Directors.

-17-

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