Document:

Amendment Number One to Change in Control Enhancement Agreement John Hogan

  
 Exhibit 10.29

 AMENDMENT NUMBER ONE 
 TO 
 ENHANCEMENT LETTER 

AMENDMENT (“Amendment”) made effective on December 31, 2008 to the change in control enhancement
agreement dated as of March 29, 2007 (the “Enhancement Agreement”), among Broadridge Financial Solutions, Inc., a Delaware corporation (the “Company”), and John Hogan (the “Executive”).

 WHEREAS, the Company and the Executive have previously entered into the Enhancement Agreement; and

 WHEREAS, the Company and the Executive desire to amend the Enhancement Agreement in a manner intended to
comply with Section 409A of the Internal Revenue Code of 1986, as amended. 
 NOW, THEREFORE, effective
December 31, 2008, the Enhancement Agreement is hereby amended as follows: 
  

	 1.
	 Section 1 of the Enhancement Agreement is hereby amended to insert the following at the end thereof: 

“This termination payment will be paid in a lump sum within 30 business days, or at such earlier time as required by
applicable law, after your employment with the Company terminates, subject to the six-month delay provided in Section 5(b) hereof.” 
  

	 2.
	 Section 2 of the Enhancement Agreement is hereby amended to insert the following at the end thereof: 

“Such tax equalization payment will, in all events, be paid within 60 days following the date on which you are
required to remit such excise tax to the Internal Revenue Service. However, in the event that the Company is required to make an additional tax equalization payment as a result of a later and final determination by the Internal Revenue Service, then
such additional payment shall be paid by the Company no later than the date by which such taxes were due to have been paid as a result of a final and non-appealable determination, and in all events by the end of the taxable year following the date
of such determination, or on such earlier date as payment is due to avoid your becoming subject to the entry of a judgment against you or other action by the Internal Revenue Service to enforce such assessment. The amount of the tax equalization
payment will be calculated by utilizing your actual marginal tax rates for purposes of federal, state and local income taxation in the calendar year in which any such tax equalization payment is to be made.” 

 

	 3.
	 The Enhancement Agreement is hereby amended to include a new Sections 4 and 5 to read as follows: 

 

	 “4.
	 Definitions. The definitions of “cause” and “Good Reason” shall have the meanings set forth in the CIC Agreement.

  

	 5.
	 Section 409A of the Code: (a) Although the Company does not guarantee to you any particular tax treatment relating to the
payments and benefits made in accordance with this letter agreement, it is intended that such payments and benefits be exempt from, or comply with, Section 409A of the Internal Revenue Code and the regulations and guidance promulgated thereunder
(collectively “Code Section 409A”). 

  
 (b) A
termination of employment shall not be deemed to have occurred for purposes of any provision of this letter agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also
a “separation from service” within the meaning of Code Section 409A and, for purposes of any such provision of this letter agreement, references to a “termination,” “termination of employment” or like terms shall
mean “separation from service.” If you are deemed on the date of termination to be a “specified employee” (within the meaning of that term under Code Section 409A(a)(2)(B) and determined using any identification methodology
and procedure selected by the Company from time to time, or, if none, the default methodology and procedure specified under Code Section 409A), then with regard to any payment or the provision of any benefit that is “deferred
compensation” within the meaning of Code Section 409A and which is paid as a result of your “separation from service,” such payment or benefit shall be made or provided at the date which is the earlier of (A) the expiration
of the six (6)-month period measured from the date of your “separation from service”, and (B) the date of your death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed
pursuant to this Section shall be paid or reimbursed to you in a lump sum, and any remaining payments and benefits due under this letter agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.

 (c) Whenever a payment under this letter agreement specifies a payment period with reference to a number of
days (e,g., “payment shall be made within thirty (30) days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company.” 

[Remainder of Page Left Intentionally Blank] 

  
 IN
WITNESS WHEREOF, the undersigned has caused this Amendment to be executed this 31st day of December, 2008. 
  

			
	 EXECUTIVE

	
	 /s/ John Hogan

	 John Hogan

	
	 BROADRIDGE FINANCIAL SOLUTIONS, INC.

		
	 By:
	 	 /s/ Adam D. Amsterdam

	 Name: 
	 	 Adam D. Amsterdam

	 Title:
	 	 Vice President, General Counsel and Secretary2009 Director Deferred Compensation Plan.

  
 Exhibit 10.30

 

 

 

 

 Director Deferred 

Compensation 

Calendar Year 2009 
 Deferred 
 Compensation 

Program 

 

  

  

Director Deferred Compensation Program 

 

 Broadridge Financial Solutions, Inc. (“Broadridge” or the
“Corporation”) has adopted the Director Deferred Compensation Program (the “Program”) to provide a tax-deferred savings opportunity to eligible Directors. The Program allows eligible Directors the opportunity to defer 100% of the
cash portion of their annual Board payments on a before-tax basis. 
 This brochure describes the deferral
opportunity for amounts earned in calendar year 2009 (the “Program Year”). Before enrolling, we encourage you to review this material to familiarize yourself with the Program. For more detailed information, please contact ADP Retirement
Services at (866) 266-4881. 
 Who is Eligible? 

Directors who serve on Broadridge’s Board of Directors (the “Board”) who are not employees of Broadridge
(“Non-Employee Directors”) are eligible to participate in the Program. Non-Employee Directors who join the Board during the Plan Year, or who were previously eligible, can enroll in the Program upon joining the Board. 

New Non-Employee Directors have 30 days after the date they join the Board to enroll for the current Program Year.

 How the Program Works 
 Prior to December 31, you can elect to defer the receipt and taxation of 100% of your “Cash Payments” your annual retainer, Board meeting fees, Committee annual retainers, and Committee
meeting fees) earned with respect to the year following the year of your election into the Program. 
 If you
first become eligible to participate in the Program during the Program Year, you may elect to participate in the Program with respect to Cash Payments that would otherwise be payable

 
during such Program Year for services to be performed subsequent to the election, no later than 30 days following the date you first become a participant in the Program. 

Elections are considered “evergreen”, meaning that they are in effect until the participant declares in
writing that he/she wants to change his/her elections. Any change in your election must be made by December 31 of the year preceding the year in which you earn the Cash Payments. 

Deferrals will be made quarterly and credited to a phantom account (established in your name). The return on your
account is updated monthly and is based on the performance of Broadridge stock over the time of deferral. The value of your account will fluctuate based on the Corporation’s market value and dividend yield. 

Significant Considerations 
 The Program, unlike a 401(k) plan, is not a “qualified” retirement plan. The differences include; 
  

	 	 •
	 	 The Corporation is fully committed to paying your deferred amounts plus accumulated earnings. However, due to the non-qualified nature of the
Program, your benefits are not guaranteed and you are considered an unsecured creditor of the Corporation. 

  

	 	 •
	 	 Upon Departure (as defined below) from the Board, your distributions begin according to the distribution alternative you have selected. You cannot
further defer the receipt of distributions. 

  

	 	 •
	 	 Distributions are not eligible for rollover into an IRA or other qualified savings or retirement plan.

  
 How you benefit by
participating (Example) 
  

									
	  	  	INSIDE PROGRAM	 	  	OUTSIDE PROGRAM	 
	 GROSS CASH PAYMENTS
	  	$	50,000	  	  	$	50,000	  
	 VOLUNTARY DEFERRAL IN PROGRAM
	  	$	50,000	  	  	$	0	  
	 ESTIMATED CURRENT TAX (at 40%)
	  	$	0	  	  	$	20,000	  
	 INVESTMENT OUTSIDE PROGRAM
	  	$	0	  	  	$	30,000	  
	 INVESTMENT VALUE AFTER 10 YEARS
	  	$	129,687	  	  	$	77,612	  
	 ESTIMATED FUTURE TAX (at 40%)
	  	$	51,875	  	  	$	19,125	  
	 MONEY IN YOUR POCKET
	  	$	77,812	  	  	$	58,687	  

 Rates of return are estimated for illustrative purposes only, and assume 10% annual return (share price gain + dividends) on Broadridge stock. The program valuation assumes that the participant has
selected to receive distributions upon Departure (as defined below) from the Board. 

  

Director Deferred Compensation Program 

 

 Investment Selection 

All contributions are “invested” in Broadridge deferred stock units (“DSUs”), where one DSU has the
equivalent value of one share of Broadridge common stock. The DSUs are not actual Broadridge shares, and do not carry voting or dividend rights. 
 However, each DSU will be entitled to receive a dividend equivalent, equal to the cash dividend paid per share on Broadridge stock. These dividend equivalents will be credited to individual deferral
accounts in cash at the time of dividend payment for Broadridge shares and will be paid to you in cash upon your “separation from service” (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”) and the guidance issued thereunder (“Section 409A”)). The cash account will also be deferred, and will earn interest at a fixed rate that will be set each year by the Compensation Committee. 

Changing your Deferral Election 
 Once made, the decision to participate or not participate in the program is irrevocable for one year. You can change your election in December of each year, provided that: (i) the election does not
take effect for at least 12 months after the change is made, (ii) the change is made at least 12 months prior to the payment date and (iii) the deferral is for at least five years (except with respect to distributions due to death or
Disability (as defined below)), all in accordance Section 409A, Any change requiring payments in connection with a “separation of service” (within the meaning of Section 409A) be made within 12 months of such separation from
service shall be null and void. 
 Vesting 

Voluntary participant contributions are fully vested from the date of deferral, and payable based upon the distribution
election of the participant (see Timing of Payments, below). 

 

 Benefit Payments. 

You must elect the timing of payment at the time when you enroll in the Program. 

All distributions must be triggered by either a set future date or a “separation from service” within the
meaning of Section 409A. 
 Timing of payments: 

 

	 	 •
	 	 Departure from the Board of Directors: “Departure” means a voluntary or involuntary departure from the Board that satisfies
the requirements for a “separation from service” within the meaning of Section 409A (other than due to death or Disability, as defined below). Upon your Departure, distributions of your outstanding account balance will be paid in a
lump sum or installments as described below in accordance with you election. 

  

	 	 •
	 	 Death: In the event of your death, your designated beneficiary will receive your outstanding account balance in a lump sum within
ninety days of your death. 

  

	 	 •
	 	 Permanent Disability: In the event you become disabled, as defined in Section 409A(2)(C) of the Code (“Disability”)
(including satisfaction of all applicable waiting periods to receive benefits), your outstanding account balance will automatically be paid to you in a lump sum within ninety days following your date of Disability. 

Forms of payment are as follows: 
  

	 	 •
	 	 Lump Sum: A lump sum cash payment will be made as soon as legally and administratively possible but in no event later than ninety days
following the earliest of a participant’s Departure, death and Disability, subject to the section entitled Code Section 409A below, unless installments are timely elected.

	 	 •
	 	 Installments: If distribution via installments is selected for distributions following a Departure (other than due to death or
Disability), annual cash installment payments (not to exceed five years in length) will be made to you in December of each tax year, subject to the section entitled Code Section 409A below. The amount of each installment will equal the balance
of the account immediately prior to the installment divided by the number of unpaid installments. 

Program Balance Statements 
 Each quarter, you will receive a statement of your Program account. Your statement will show the amount of your deferrals and the investment experience recorded to your account for the period. 

You will also have personalized access to a website, www.worldclassexec.com, where you can view your program
balance. 
 Choosing a Beneficiary 

We strongly suggest that you designate your beneficiary when you enroll in the Program. To change your beneficiary,
please contact [ADP Retirement Services] at (866) 266-188I or visit www.WorldClassExec.com. 
 Tax Issues

 Income tax at the time of deferral: 

 

	 	 •
	 	 Cash Payments that are deferred are intended to be exempt from federal income tax at the time of the deferral. However, some states do not exempt
deferred compensation programs from state income taxes. Notwithstanding anything to the contrary herein, the Corporation does not guarantee, and nothing in the Program is intended to provide a guarantee of, any particular tax treatment with respect
to payments made in accordance with the Program. Please consult with an accountant or tax advisor. 

 

 Income tax at the time payments begin: 

 

	 	 •
	 	 At the time of payment of a deferral award, you may be responsible for federal, state and/or local income tax on the full value of the payment
(deferrals plus investment earnings). Please consult with an accountant or tax advisor. 

 Code
Section 409A 
 The Program is intended to comply with the applicable requirements of
Section 409A and shall be limited, construed and interpreted in accordance with such intent. Any amounts deferred under the Program that are subject to Section 409A and you are or become a “specified employee” (within the meaning
of such term under Section 409A and determined using any identification methodology and procedure selected by the Corporation from time to time, or, if none, the default methodology and procedure specified under Section 409A) then at the
time of distribution, except in the event of death, will be delayed in accordance with the requirements of Section 409A until the day immediately following the six month anniversary of your “separation of service” within the meaning
of Section 409A (and the guidance issued thereunder). 
 If under the Program, an amount is to be paid in two or more
installments, for purposes of Section 409A, each installment shall be treated as a separate payment. 

Whenever a payment under the Program specifies a payment period with reference to a number of days (e.g.,
“payment shall be made within ninety days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Corporation. 

Program Termination 
 Broadridge reserves the right to amend, terminate or freeze the Program at any time, by action of its Board (or a duly authorized committee thereof), provided that no such action shall adversely affect a
participant’s 

 
rights under the Program with respect to Cash Payments that have been deferred before the date of such action. Upon termination of the Program, Broadridge may, in its sole discretion, pursuant to
Section 1.409A-3(j)(4)(ix) of the Treasury Regulations (regarding plan termination and liquidations), elect to distribute a participant’s account in its entirety within

 
the period of time prescribed by Section 1.409A-3(j)(4)(ix) of the Treasury Regulations or any other method permitted under Section 409A. Upon freezing of the Program, all Cash Payments
deferred under the Program prior to freezing shall continue to be held under the Program and shall be distributed in accordance with the section entitled Benefit Payments.

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