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EXHIBIT 10.29    
  

 
 

SECOND AMENDMENT TO THE EMPLOYMENT AGREEMENT    
  

The second Amendment to the Employment Agreement (the "Amendment") is made and entered into this 20th day of September 2002, by Ross Stores, Inc. (the "Company")
and Jim Peters (the "Executive"). The Executive and the Company previously entered into an Employment Agreement, effective August 14, 2000 (attached hereto), as amended by the First Amendment
to the Employment Agreement of November 1, 2001 (collectively, "the Employment Agreement") and it is now the intention of the Executive and the Company to amend the Agreement as set forth
below. Accordingly, the Executive and the Company now enter into this Amendment. 

	l.	 	The Executive and the Company hereby amend the Employment Agreement by deleting Paragraph 1 of the Agreement in its entirety and replacing it with the following new Paragraph
	
 	
 	

1.  The Term.  The employment of the Executive by the Company will commence as of the date hereof and end on July 31, 2006, unless extended or terminated in accordance with this Agreement.
During March 2005, and during March every other year thereafter (every two years) for so long as the Executive is employed by the Company, upon the written request of the Executive, the Board of Directors of the Company (the "Board") shall
consider extending the Executive's employment with the Company. Such request must be delivered to the Chairman of the Compensation Committee no later than the February 28th which precedes the March in which the requested extension
will be considered. The Board shall advise the Executive, in writing, on or before the April 1st following its consideration of the Executive's written request, whether it approves of such extension. The failure of the Board to
provide such written advice shall constitute approval of the Executive's request for extension. If the Executive's request for an extension is approved, this Agreement shall be extended two additional years.
	

II.	
 	

The Executive and the Company further amend the Employment Agreement by deleting the first sentence in Paragraph 4(a) in its entirety and replacing it with the following sentence:
	

 	
 	
4(a).  Salary.  During his employment, the Company shall pay the Executive a base salary of not less than Eight Hundred and Twenty Thousand Dollars ($820,000) per
annum.

Except
for the amendments, as set forth above, the Employment Agreement and all of its terms remain in force and in effect. 

In Witness Whereof, the parties have executed this Second Amendment to the Agreement as of this 20th day of September, 2002, effective through
July 31, 2006. 

	Ross Stores, Inc.	 	Executive
	

/s/  MICHAEL BALMUTH      
 Michael Balmuth	
 	

/s/  JIM PETERS      
 Jim Peters
	

September 20, 2002
 Date	
 	

September 20, 2002
 Date

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EXHIBIT 10.29

SECOND AMENDMENT TO THE EMPLOYMENT AGREEMENTQuickLinks
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Exhibit 4    
  

 
 

First Data Corporation
  Supplemental Incentive Savings Plan    
  

1.    PURPOSE OF THE PLAN.    The purpose of the First Data Corporation Supplemental Incentive Savings Plan (the "Plan") is to
further the growth and development of First Data Corporation (the "Company") by enhancing the Company's ability to attract and retain select employees by providing a select group of senior management
and highly compensated employees of the Company and its Affiliates the opportunity to defer a portion of their cash compensation. The Plan consolidates predecessor nonqualified deferred compensation
plans sponsored and maintained by the Company, and is intended to provide Participants with an opportunity to supplement their retirement income through deferral of current compensation. The Plan is
an unfunded plan. 

2.    DEFINITIONS.  

        "Affiliate" shall mean any entity which is treated as a single employer together with the Company pursuant to
section 414(b) or (c) of the Code, and any other entity or organization designated as an affiliate by the Committee. 

        "Base Salary" shall mean a Participant's annualized base salary, without taking into account (1) commissions, bonus amounts (of any
kind), reimbursements of expenses, income realized upon exercise of stock options or sales of stock, or (2) deferrals of income under this Plan or any other employee benefit plan of the Company
and without. 

        "Board" shall mean the Board of Directors of the Company. 

        "Bonus" The payout amount earned by a Participant under one of the Company's annual bonus or incentive compensation plans. 

        "Cause" shall mean (i) willful and continued failure to substantially perform the duties assigned by the Company or an Affiliate
(other than a failure resulting from the award recipient's Disability); (ii) engaging in conduct which is injurious to the Company or an Affiliate (monetarily or otherwise); (iii) any
act of dishonesty, violation of a policy of the Company or Affiliate, or violation of any agreement between the Employee and the Company or Affiliate; (iv) commission of a felony; or
(v) continued failure to meet performance standards, excessive absenteeism, or a significant violation of any statutory or common law duty of loyalty to the Company or an Affiliate. 

        "Change in Control" shall have the meaning ascribed to such term in the Company's 2002 Long Term Incentive Plan, as approved by the
Company's shareholders. 

        "Code" shall mean the United States Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder. 

        "Committee" means the Company's Employee Benefits Administration and Investment Committee or its successor. 

        "Compensation" means, for all purposes of the Plan, "compensation" as defined in the First Data Corporation Incentive Savings Plan, as may
be amended, in which case such amendments shall automatically apply to the definition of Compensation under this Plan. 

        "Competitor" shall mean any business, foreign or domestic, which is engaged, at any time relevant to the provisions of this Plan, in the
manufacture, sale, or distribution of products, or in the providing of services, in competition with products manufactured, sold, or distributed, or services provided, by the Company or any
subsidiary, partnership, or joint venture of the Company. The determination of whether a business is a Competitor shall be made by the Company's General Counsel in his or her sole discretion. 

 

        "Deferred Account" or "Deferral Account" shall mean the record maintained by the Company for each Participant of the cumulative amount of
(a) account balances accumulated under other deferred compensation plans or programs of the Company which are merged into this Plan, as listed in Appendix A; (b) Salary or Bonus
amounts deferred pursuant to this Plan, and (c) imputed gains or losses on those amounts accrued as provided in Article Five of the Plan. 

        "Deferred Compensation Agreement" means, collectively, the written agreements between a Participant and the Company in substantially the
form set forth in Appendix B, whereby a Participant irrevocably agrees to defer a portion of his or her Salary and/or Bonus (a Deferral Election Agreement) and the Company agrees to make
benefit payments in accordance with the provisions of the Plan (a Distribution Election Agreement). 

        "Deferred Compensation and Benefits Trust" means the irrevocable trust (the "DCB Trust") established by the Company with an independent
trustee for the benefit of persons entitled to receive payments or benefits hereunder, the assets of which will be subject to claims of the Company's creditors in the event of bankruptcy or
insolvency. 

        "Designated Beneficiary" shall mean the person or persons designated by a Participant pursuant to rules prescribed by the Committee to
receive any benefits payable pursuant to the Plan upon his or her death. In the absence of a beneficiary designation, or if a Participant's Designated Beneficiary dies prior to the Participant's
death, the Participant's Designated Beneficiary shall be his or her surviving spouse, if any, and if none, his or her estate. 

        "Employee" means a full time employee on the United States Payroll of the Company. 

        "ERISA" means the Employee retirement Income Security Act of 1974, as amended. 

        "Excess Benefit Credits" means the amounts, if any, credited to a Participant's Plan Deferral Account pursuant to Section 4.7 of
this Plan. 

        "Investment Account" means any of the notional accounts as may be identified by the Company from time to time, described in
Exhibit A, to which Participants may allocate all or any portion of their Deferred Accounts for purposes of determining the gains or losses to be assigned to the Deferred Accounts. Such
accounts shall be notional, unfunded, and established solely for the purpose of determining imputed gains or losses in a Participant's Deferred Account. 

        "Participant" means a company Employee who has satisfied the Plan's eligibility criteria and who has entered into a written Deferred
Compensation Agreement with the Company in accordance with the provisions of the Plan. 

        "Incentive Savings Plan" or "ISP " means the First Data Corporation Incentive Savings Plan, as amended from time to time. 

        "Person" shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d)
thereof, except that such term shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the
Company or any of its subsidiaries, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly,
by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company. 

        "Potential Change in Control" means any of the following: if (a) the Company enters into an agreement, the consummation of which
would result in the occurrence of a Change in Control of the Company; (b) the Company or any Person publicly announces an intention to take or to consider taking actions which if consummated
would constitute a Change in Control of the Company; (c) any Person becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 

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9.5% or more of either the then outstanding shares of common stock of the Company or the combined voting power of the Company's then outstanding securities; unless that Person has filed a schedule
under Section 13 of the Securities Exchange Act of 1934 and the rules and regulations promulgated under Section 13, and that schedule (including any and all amendments) indicates that
the Person has no intention to (i) control or influence the management or policies of the Company, or (ii) take any action inconsistent with a lack of intention to control or influence
the management or policies of the Company; or (d) the Board adopts a resolution to the effect that a Potential Change in Control of the Company has occurred. 

        "Salary" means a Participant's Base Salary plus commissions and incentive compensation other than Bonus paid to the Participant for
personal services rendered by the Participant to the Company during a calendar year. 

        "Termination" means the Participant's ceasing to be employed by the Company or an Affiliate for any reason whatsoever, whether voluntarily
or involuntarily, including by reason of early retirement, normal retirement, death or disability. Transfers from the Company to an Affiliate, or vice versa, or among Affiliates shall not be deemed a
Termination for purposes of this Plan. 

        "Year of Service" means a Year of Service as accumulated under the Incentive Savings Plan. 

3.    ADMINISTRATION AND INTERPRETATION.  

        The Committee shall have final discretion, responsibility, and authority to administer and interpret the Plan. This includes the discretion and authority to
determine all questions of fact, eligibility, or benefits relating to the Plan. The Committee may also adopt any rules it deems necessary to administer the Plan. The Committee's responsibilities for
administration and interpretation of the Plan shall be exercised by Company employees who have been assigned those responsibilities by the Company's management. Any Company employee exercising
responsibilities relating to the Plan in accordance with this section shall be deemed to have been delegated the discretionary authority vested in the Committee with respect to those responsibilities,
unless limited in writing by the Committee. Any Participant may appeal any action or decision of these employees to the Committee. Claims for benefits under the Plan and appeals of claim denials shall
be in accordance with Sections 10 and 11. Any interpretation by the Committee shall be final and binding on the Participants. 

4.    PARTICIPANT DEFERRAL AND DISTRIBUTION ELECTIONS.  

        4.1  Eligibility. The Company shall identify those employees of the Company or any of its subsidiaries that are eligible to
participate in this Plan. Only Employees who are in salary grade 13 or above (IT Broadband 4), whose Base Salary is equal to or greater than $80,000 annually (which amount may be reviewed and adjusted
annually by the Committee in its discretion), and who are selected by the Committee as eligible to participate may enroll in the Plan. Eligibility to participate in the Plan is entirely at the
discretion of the Company and shall be limited to a select group of senior management or highly compensated employees. Eligibility to participate in this Plan for any calendar year shall not confer
the right to participate during any subsequent year. 

        4.2  Execution of Agreement. An Employee who wishes to participate in the Plan must execute a Deferred Compensation
Agreement(s) either (a) for newly hired Employee, within 30 days after his or her date of hire, or (b) for Employees satisfying the plan's eligibility criteria and who are
selected by the Committee, during the annual enrollment period determined from time to time by the Committee. The Deferred Compensation Agreement shall specify the Employee's election to participate
in the Plan to defer Salary and/or Bonus to be earned during the remainder of that calendar year (for new hires only) and subsequent calendar years. Participants shall make separate elections with
respect to deferrals of Salary and Bonus. 

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        4.3.  Deferral Election Within limits established by the Company, each Participant shall have the opportunity to elect the
amount of his or her Salary and/or Bonus to be earned in calendar years subsequent to the date of election, which will be deferred in accordance with this Plan. The Compensation otherwise paid to a
Participant during each calendar year beginning after the date of the deferral election shall be reduced by the amount elected to be deferred. Elections to defer Compensation are irrevocable except as
otherwise provided in this Plan. The amount of Salary and/or Bonus to be deferred will be specified in the Deferred Compensation Agreement and will be limited to a maximum of 80 percent of the
Participant's Compensation. 

        4.4  Change of Deferral Election. 

        (a)  A
Participant who wishes to change an election to defer Compensation may do so at any time by notifying the Committee in writing of such change in election. Such written
change must be submitted in all events prior to December 31 of the year immediately preceding the calendar year for which the change in election is to be effective. The Committee may, in its
sole discretion, establish earlier deadlines or annual enrollment periods for such election changes during which such elections must be made. 

        (b)  A
Participant who wishes to change an election to defer Compensation on or after January 1 of any calendar year for which the change in election is to be
effective must submit a written request to the Committee to revoke his or her existing deferral election. The request must state why the Participant believes he or she should be permitted to revoke
the prior election. Requests will be reviewed as soon as administratively feasible and, if a change is permitted by the Committee in its sole discretion, the change will be effective for all remaining
pay periods following the date of the determination. 

        4.5  Distribution Election. At the time a Participant initially elects to defer Compensation under Section 4.3, he or
she shall elect a distribution option for the Compensation so deferred, including gains or losses thereon, as specified in the Deferred Compensation Agreement. The distribution election shall apply to
all amounts attributable to the Participant's Deferred Account under this Plan, including amounts previously deferred under plans listed under Appendix A which have been merged into this Plan.
Elections regarding distribution of Deferred Accounts under this Plan are irrevocable except as otherwise provided in this Plan. 

        4.6  Change of Distribution Election. Participants who are actively employed by the Company or an Affiliate may request, in
writing, a change in their distribution election no more frequently than once in any five calendar year period. The changed distribution election must be one of the distribution options in the
original Deferred Compensation Agreement. The Committee must receive the request by the earlier of (a) December 31 of the calendar year immediately preceding the year benefits are first
scheduled to be paid, or (b) 30 days before the first date benefits are scheduled to be paid. The request shall be approved or denied at the Committee's sole discretion. No change will
be permitted that would allow a payment to be made earlier than originally elected in the Deferred Compensation Agreement. 

        4.7  Excess Benefit Credits. Participation in this Plan is not intended to cause an employee to lose any portion of any
Company contribution that would otherwise have been made to the Participant ISP account. The Committee may implement such procedures and policies as are necessary or appropriate in the Committee's
discretion consistent with such intent. A Participant's Deferral Account under this Plan shall be credited with amounts that would have been contributed by the Company and credited to his or her
accounts as employer matching contributions, service-related contributions, and ISP Plus contributions in accordance with the terms of the ISP but for the limitations imposed by sections 401(a)(17) of
the Code, provided, however, that Excess Benefit Credits for employer matching contributions shall be made for any Plan Year only to the extent that a
Participant's Participation Election is in effect for such Plan Year. Such amounts shall be credited to the Participant's Deferral 

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Account as of the date such amounts would have been credited to the Participant's accounts under the ISP but for the application of such limitations. The Committee shall separately account for that
portion, if any, of a Participant's Deferral Account that is allocable to Excess Benefit Credits attributable to (i) employer matching contributions, (ii) service-related contributions,
and (iii) ISP Plus contributions. The Company matching contribution will be allocated to the Investment Account to which the Participant's deferrals of Base Salary are allocated. 

5.    DEFERRED ACCOUNT ALLOCATIONS AND ADJUSTMENTS  

        5.1  The
Committee shall identify one or more Investment Accounts, based upon which imputed gains or losses shall be credited to Participants' Deferred Accounts. The
Committee may add or eliminate Investment Accounts from time to time in its sole discretion, and may establish interest or earnings rates to be applied in any such Investment Accounts from time to
time as it determines in its sole discretion. No identification by the Committee of an Investment Account shall give, or be deemed for any purpose to give, a Participant an interest in any asset or
investment held by the Company for any purpose. 

        5.2  Participants
shall identify one or more Investment Account(s) with respect to which imputed gains or losses shall be attributed (credited or debited) to the
Participant's Deferred Account. 

        5.2  The
Committee shall maintain a record of each Participant's Deferred Account balance, allocations, thereto, and gains or losses credited thereto. Each Participant
(a) must allocate his or her current deferrals of Compensation to one of the Investment Accounts, and (b) may, from time to time, choose to change the allocation of his or her current
deferrals of Compensation to a different Investment Account. 

        5.2  Each
Participant's Deferred Account shall be adjusted on a daily basis to reflect the gains or losses attributable to the Investment Account(s) selected by the
Participant. Earnings or losses will be credited
to a Participant's account daily. Computation of the gains or losses of the Investment Accounts shall be at the Company's sole discretion. 

        5.3  Participants
who are active employees may change the allocation of future deferrals to or from any Investment Account on any business day, with any change effective as
of the first pay period beginning after the date of the change. 

        5.4  A
Participant's Deferred Account balance carried forward into this Plan from any plan listed on Appendix A shall initially be allocated to the Stable Value
Account. Thereafter, the Participant's Deferred Account shall be maintained according to the terms of this Plan. 

        5.5  Participants
who are active employees may, upon notice to the Plan's recordkeeper, shift the allocation of all or any portion of their Deferred Account balance among any
of the Investment Accounts, on any business day. Changes received by the Plan's recordkeeper prior to the close of trading on the New York Stock Exchange will be effective as of that day. Changes
received by the recordkeeper after such time on any day will be effective as of the end of the next trading day on the New York Stock Exchange. 

6.    DISTRIBUTIONS. 

        6.1  Distributions in General. The Company shall distribute Participants' Deferred Accounts as elected by each Participant in
the applicable Deferred Compensation Agreement, except as otherwise provided in this Section 6. 

        6.2  Benefits Upon Termination. 

        6.2.1    Upon
Termination, the Participant's entire Deferred Account shall be automatically allocated to the Fixed Income Fund Account pending distribution thereof,
notwithstanding any 

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elections or allocation decisions previously made by the Participant. That rate shall apply prospectively from the date of Termination to all undistributed amounts of the Participant's Deferred
Account. From and after the date of Termination, the Participant shall have no rights under this Plan to alter the Investment Account to which his or her Deferred Account is allocated, or to request
any change in previous distribution election(s). 

        6.2.2    Upon
Termination, a Participant shall be paid his or her Deferred Account in a lump sum or in quarterly or annual installments calculated to distribute his or her
Deferred Account over a period of not more than 10 years, as elected by the Participant in his or her Deferred Compensation Agreement. Payments shall commence on the date and shall be made in
the manner elected by the Participant in the Deferred Compensation Agreement. Unpaid balances under the installment election shall continue to be credited with imputed gains or losses based on the
Stable Value Fund Investment Account. 

        6.3  Service with a Competitor/Violation of Nonsolicitation or Noncompete Agreement. If a Participant provides services for
remuneration to a Competitor following his or her Termination, or if a Participant is determined by the Company's General Counsel to have violated any non-solicitation or
non-compete agreement the Participant has signed with the Company, then notwithstanding anything in this Plan to the contrary such Participant's entire Deferred Account balance shall be
distributed in a single lump sum as soon as administratively feasible, less the value of all Excess Benefit Credits and earnings thereon previously credited to the Participant's Deferred Account under
Section 4.7. Determination of whether a Participant provides services to a Competitor shall be determined by the Company's General Counsel, in his or her sole discretion. 

        6.4  Hardship Distribution. If serious and unanticipated financial hardship occurs, a Participant may request termination of
participation in the Plan and a lump-sum distribution of all or a portion of his or her Deferred Account balance. The Participant shall document, to the Committee's satisfaction, that
distribution of his or her account is necessary to satisfy an unanticipated, immediate, and serious financial need, and that the Participant does not have access to other funds, including proceeds of
any loans, sufficient to satisfy the need. Upon receipt of a request under this Section, the Committee may, in its sole discretion, terminate the Participant's involvement in the Plan and distribute
all or a portion of the Participant's account balance in a lump sum, to the extent necessary to satisfy the financial need. The Participant shall sign all documentation requested by the Committee
relating to the distribution. Any Participant whose participation in the Plan terminates under this Section shall not be eligible to participate in any nonqualified deferred compensation plan
maintained by the Company during the remainder of the calendar year of distribution under this paragraph and the immediately following calendar year. 

        6.5  Premature Distribution With Penalty. Notwithstanding any provision in this Plan to the contrary, a Participant or
beneficiary may, at any time, request in writing a single lump-sum payment of the amount credited to his or her Deferred Account under the Plan. The amount of the payment shall be equal to
(a) the Participant's Deferred Account balance under the Plan as of the payment date, reduced by (b) an amount equal to 10% of the Deferred Account balance. This lump-sum
payment shall be subject to withholding of federal, state, and other taxes to the extent applicable. The Plan Administrator shall review all requests under this Section 6.5 and shall, in his or
her sole discretion, approve or deny the request. If approved, the payment shall be made within 30 days of the date on which the Committee received the request for the distribution. If a
Participant makes a request which is approved under this provision, he or she shall not be eligible to participate in any nonqualified deferred compensation plan maintained by the Company, including
this Plan, during the remainder of the calendar year of distribution under this paragraph and the immediately following calendar year. In addition, in such event, any deferred compensation agreement
under any nonqualified deferred compensation plan of the Company shall not be effective with respect to Compensation payable to the 

6

 

Participant during the remainder of the calendar year of distribution under this paragraph and the immediately following calendar year. 

        6.6  Distribution Upon Extraordinary Events. If any Participant terminates employment with the Company as a direct result of
the sale, closure, or divestiture of a facility, operating division, or reduction in force in connection with any reorganization of the Company's operations or staff, the Participant may request a
lump sum distribution of his or her entire Deferred Account balance without penalty. Upon receipt of a request for distribution under this section, the Committee may, in its sole discretion, elect
whether to approve or deny the request. If the Committee approves the request, distribution of the Participant's Deferred Account balance shall occur on or about January 1 of the year following
the year during which Termination occurred. 

        6.7  Small Account Distributions. On the date of Termination, if a Participant's Deferred Account balance is less than
$50,000, the Company shall promptly distribute the entire Deferred Account balance in a lump sum to the Participant, regardless of Participant's distribution election, and the Participant shall have
no further rights or benefits under this Plan. 

        6.8  Distributions Following Death; Designation of Beneficiary. The Company shall make all payments to the Participant, if
living. A Participant shall designate a beneficiary by filing a written notice of designation with the Committee in such form as the Committee may prescribe. If a Participant dies either before
benefit payments have commenced under this Plan or after his or her benefits have commenced but before his or her entire Deferred Account has been distributed, his or her designated beneficiary shall
receive any benefit payments in accordance with the Deferred Compensation Agreement. If no beneficiary designation is in effect at the time of a participant's death, the deemed beneficiary shall be
the spouse of the Participant, or if no spouse is then living, the Participant's entire Deferred Account shall be distributed in a single lump sum to the Participant's estate. 

7.    MISCELLANEOUS. 

        7.1  Assignability. A Participant's rights and interests under the Plan may not be assigned or transferred except, in the
event of the Participant's death, as described in Section 5.8. 

        7.2  Taxes. The Company shall deduct from all payments made under this Plan all applicable federal or state taxes required by
law to be withheld. 

        7.3  Construction. To the extent not preempted by federal law, the Plan shall be construed according to the laws of the state
of Colorado. 

        7.4  Form of Communication. Any election, application, claim, notice, or other communication required or permitted to be made
by a Participant to the Committee shall be made in writing and in such form as the Committee may prescribe. Such communication shall be effective upon receipt by the Company's Senior Vice President,
Compensation and Benefits at 12500 East Belford Avenue, Englewood, Colorado 80112. 

        7.5  Service Providers. The Company may, in its sole discretion, retain one or more independent entities to provide services
to the Company in connection with the operation and administration of the Plan. Except as may be specifically delegated or assigned to any such entity in writing, the Company shall retain all
discretionary authority under this Plan. No Participant or other person shall be a third party beneficiary with respect to, or have any rights or recourse under, any contractual arrangement between
the Company and any such service provider. 

        7.6  Amendment and Termination. The Committee may, at its sole discretion, amend or terminate the Plan at any time, provided
that the amendment or termination shall not adversely affect the vested or accrued rights or benefits of any Participant without the Participant's prior consent. 

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        7.7.  Unsecured General Creditor. Participants and their beneficiaries, heirs, successors, and assigns shall have no legal or
equitable rights, interest, or claims in any property or assets of the Company. The assets of the Company shall not be held under any trust for the benefit of Participants, their beneficiaries, heirs,
successors, or assigns, or held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all Company assets shall be, and remain, the general,
unpledged, unrestricted assets of the Company. The Company's obligation under the Plan shall be an unfunded and unsecured promise of the Company to pay money in the future. 

8.    DEFERRED COMPENSATION AND BENEFITS TRUST  

        Upon the occurrence of any Potential Change in Control or an actual Change in Control, the Company may in its discretion transfer to the DCB Trust an amount of
cash, marketable securities, or other property acceptable to the trustee equal in value up to 105% of the amount necessary, on an actuarial basis and calculated in accordance with the terms of the DCB
Trust, to pay the Company's obligations with respect to Deferred Accounts under this Plan (the "Funding Amount"). Any cash, marketable securities, and other property so transferred shall be held,
managed, and disbursed by the trustee subject to and in accordance with the terms of the DCB Trust. In addition, from time to time, the Company may make any and all additional transfers of cash,
marketable securities, or other property
acceptable to the trustee as may be necessary in order to maintain the Funding Amount with respect to this Plan. Any amounts transferred to the DCB Trust under this paragraph shall, at any time prior
to the occurrence of an actual Change in Control, be returned to the Company by the Trustee at the Company's request. 

        Upon
an actual Change in Control, all assets then held in the DCB Trust shall be used to pay benefits under this Plan, except to the extent the Company pays such benefits. The Company
and any successor shall continue to be liable for the ultimate payment of those benefits. 

9.    CLAIMS PROCEDURE.  

        Claims for benefits under the Plan shall be filed in writing, within 60 days after the event giving rise to a claim, with the Company's Senior Vice
President, Compensation and Benefits, who shall have absolute discretion to determine whether benefits are payable under the Plan, interpret and apply the Plan, evaluate the facts and circumstances,
and make a determination with respect to the claim in the name and on behalf of the Committee. The claim shall include a statement of all relevant facts and copies of all documents, materials, or
other evidence that the claimant believes relevant to the claim. The claimant shall be notified in writing of the disposition of a claim within 60 days after the claim is filed. The Senior Vice
President, Compensation and Benefits, in his or her sole discretion, may extend this 60-day period an additional 60 days by providing written notice of the extension to the claimant
before the original 60-day period expires. If the claim is denied, the specific reasons for the denial shall be set forth in writing, pertinent provisions of the Plan shall be cited, and,
where appropriate, an explanation as to how the claimant may perfect the claim or submit the claim for further review will be provided. 

10.  CLAIMS REVIEW PROCEDURE.  

        Any Participant, former Participant, or Beneficiary of either, who has been denied a benefit claim, shall be entitled, upon written request, to a review of the
denied claim by the Committee. The request, together with a written statement of the claimant's position, shall be filed no later than 60 days after receiving the written notice of denial
provided for in Section 10 with the Company's Senior Vice President, Compensation and Benefits, who shall promptly inform the Committee. The Committee shall notify the claimant of its decision,
in writing, within 60 days after receiving the request for review. The Committee, in its discretion, may extend this 60-day period an additional 60 days by providing written
notice of the extension to the claimant before the original 60-day period expires. The written decision 

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shall state the facts and Plan provisions upon which the decision is based and shall be final and binding on all parties. 

11.  LAWSUITS, JURISDICTION, AND VENUE.  

        No lawsuit claiming entitlement to benefits under this Plan may be filed prior to exhausting the claims and claims review procedures described in Sections 10 and
11. Any such lawsuit must be initiated no later than (a) one year after the event(s) giving rise to the claim occurred, or (b) 60 days after a final written decision was provided
to the claimant under Section 11, whichever is sooner. Any legal action involving benefits claimed or legal obligations relating to or arising under this Plan may be filed only in Federal
District Court in the city of Denver, Colorado. Federal law shall be applied in the interpretation and application of this Plan and the resolution of any legal action. To the extent not preempted by
federal law, the laws of the state of Colorado shall apply. 

12.  EFFECTIVE DATE OF PLAN. This Plan shall become effective as of January 1, 2003. 

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EXHIBIT A
  INVESTMENT ACCOUNTS    
  

        1.    Fixed
Income Fund    First Data Fixed Interest Rate as determined by the Committee. 

        Additional
funds may be added at Committee discretion. 

 
 

APPENDIX A    
    
    List of Deferred Compensation Plans/Programs Merged into
  the Supplemental Incentive Savings Plan    
    

	•
	First
Data Corporation Supplemental Savings Plan 2000

	•
	First
Data Corporation Supplemental Savings Plan

	•
	First
Data Corporation 1992 Salary Deferral Plan*

	*
	indicates merger of plans only to extent of participant elections to transfer accrued liabilities to this
Plan.

NOTE: Plan merger is effective only with respect to active employees. All rights of participants and obligations of the Company under the above-listed
plans with respect to employees who have terminated employment with the Company or any subsidiary prior to January 1, 2003, shall be as described in those plans. Such former employees shall not
be Participants in, or have any rights under, this Plan.

 
 

APPENDIX B    
    
    First Data Corporation
  Supplemental Incentive Savings Plan Deferral Election Agreement    
  

        THIS AGREEMENT, dated                        , is between FIRST
DATA CORPORATION (the "Company") and                        (the "Employee"). The Company designates the Employee
as a Participant in the Company's Supplemental Incentive Savings Plan (the "Plan"), which is incorporated into this Agreement. The Company and the Employee agree as follows: 

Salary Deferral Election  

        1.    I,
the Employee, elect to defer a portion of my 2003 Salary [YES            ] [NO            ]
[Initial one]. If Yes, I irrevocably elect to defer receipt of            % (1% to 80%) of my Salary otherwise payable to me
commencing January 1, 2003. 

        Note: This election will apply to your Salary defined as Plan eligible compensation excluding annual bonus compensation, paid during 2003 and in successive years
provided that you remain eligible for participation in the Plan, unless you elect to change this deferral election as provided in the Plan. You will
have the opportunity each year to make a different deferral election for the following year.  

Bonus Deferral Elections  

        2.    I,
the Employee, elect to defer a portion of my 2002 Annual Bonus, payable in 2003, in addition to the deferral election stated above
[YES            ] [NO            ] [Initial one]. If Yes, I irrevocably
elect to defer receipt of            % (1% to 80%) of the Bonus otherwise payable in 2003. 

        3.    I,
the Employee, elect to defer a portion of my 2003 Annual Bonus in addition to the deferral election stated above
[YES            ][NO            ] [Initial one]. If Yes, I irrevocably
elect to defer receipt of            % (1% to 80%) of the Bonus, if any, earned based on 2003 performance and otherwise payable in 2004. 

        Note: Your election to defer 2003 Annual Bonus payable in 2004 will remain in effect for future annual bonus compensation provided that you remain eligible for
participation in the Plan, unless you elect to change this deferral election as provided in the Plan. You will have the opportunity each year to make a different bonus deferral election on bonus
amounts to be earned during the following year (and payable in the next following year).

        The
Company believes, but does not guarantee, that a deferral election made in accordance with the terms of the Plan is effective to defer the receipt of taxable income. 

        I, the Employee, understand and acknowledge that my account balance in the plan is unfunded, represents a contractual obligation of the Company, that no assets
are or will be set aside from the Company's general assets to pay benefits under the Plan, and that I am an unsecured general creditor of the Company with respect to my interest in and benefits under
the Plan.

        In
witness whereof, the parties have entered into this Agreement on the day first written above. 

	 First Data Corporation	 	Employee
	
 By	
 	

 	
 	

By	
 	

 
	 	 	
	 	 	 	

 
 

First Data Corporation    
    
    Supplemental Incentive Savings Plan Distribution Election Agreement and Beneficiary Designation    
  

        THIS AGREEMENT, dated                        , is between FIRST
DATA CORPORATION (the "Company") and                        (the "Employee"). The Company has designated the
Employee as a Participant in the Company's Supplemental Incentive Savings Plan (the "Plan"), which is incorporated into this Agreement. The Company and the Employee agree as follows: 

        Distribution Election.    This election will apply to ALL Employee's nonqualified plan deferred
compensation with the Company including amounts deferred under prior plans that have been merged into this Plan.

	1.	 	The Employee elects the following form of distribution of his or her Deferred Account balance (choose one):
	 	 	 	 	A.	 	Lump-sum payment.
	 	 	
	 	 	 	 
	 	 	 	 	B.	 	Quarterly installment payments over a period of            years (enter whole number not to exceed 10 years).
	 	 	
	 	 	 	 
	 	 	 	 	C.	 	Annual installment payments over a period of            years (enter whole number not to exceed 10 years).
	 	 	
	 	 	 	 
	

2.	
 	

The Employee elects the following payment start date (choose one):
	 	 	 	 	A.	 	Upon Termination of Employment.
	 	 	
	 	 	 	 
	 	 	 	 	B.	 	One Year Following Termination of Employment. ["First Anniversary"]
	 	 	
	 	 	 	 
	 	 	 	 	C.	 	Two Years Following Termination of Employment. ["Second Anniversary"]
	 	 	
	 	 	 	 
	 	 	 	 	D.	 	              Years (Maximum of 5) Following Termination of Employment
["              Anniversary"]
	 	 	
	 	 	 	 
	

3.	
 	

If at the time on termination of employment, the value of the Employee's Deferred Account balance is less than $50,000, the entire Deferred Account balance will be distributed as soon as administratively feasible to the employee as a single lump
sum.
	

4.	
 	

Beneficiary Designation:

	

Beneficiary	
 	

 	
 	

Social Security Number	
 	

 
	 	 	
	 	 	 	

	Contingent Beneficiary	 	 	 	Social Security Number	 	 
	 	 	
	 	 	 	

        If the Employee dies at any time with a valid beneficiary designation, the Employee's entire Deferred Account balance will be distributed as soon as
administratively feasible to the beneficiary as a single lump sum. If there is not valid beneficiary designation at the time of the participant's death, the Employee's entire Deferred Account balance
will be distributed as soon as administratively feasible to the Employee's estate in a single lump sum.

        IN
WITNESS WHEREOF, the parties have entered into this Agreement on the day first written above. 

	 First Data Corporation	 	Employee
	
 By	
 	

 	
 	

By	
 	

 
	 	 	
	 	 	 	

 
 

First Data Corporation    
    
    Deferred Compensation Consolidation Election    
  

        THIS ELECTION, dated                        , is made
by                        (the "Employee"). The Company has designated the Employee as a Participant in the Company's
Supplemental Incentive Savings Plan (the "Plan"), under which this Election is made. Under the terms of the Plan, the Employee may elect to transfer existing account balances (collectively, "Deferred
Compensation") under the Company's Supplemental Savings Plan, Supplemental Savings Plan 2000, or Salary Deferral Plan (collectively, the "Deferral Plans") to this Plan. 

Deferred Compensation Consolidation Election  

        I the Employee, hereby elect to transfer my Deferred Compensation to my Deferred Account under the Plan. I acknowledge that all rights with respect to the
Deferred Compensation under the terms of the Deferral Plan(s) will be null and void and that my rights with respect to the Deferred Compensation represented by those account balances will be governed
exclusively by the terms and conditions of the Plan, including but not limited to the distribution election I make or have made under the Plan. I understand and acknowledge that if I make no other
affirmative election, my account balance under the Plan, including all amounts transferred pursuant to this election, will be credited with earnings or losses based on the Plan's Stable Value
Investment Fund. I understand and acknowledge that my account balance in the plan is unfunded, represents a contractual obligation of the Company, that no assets are or will be set aside from the
Company's general assets to pay benefits under the Plan, and that I am an unsecured general creditor of the Company with respect to my interest in and benefits under the Plan. 

[YES            ]
[NO            ] [Initial one] 

        The
Employee has executed this Election on the day first written above. 

	Employee Signature	 	 	 	 	 	 
	 	 	
	 	 	 	 

QuickLinks

Exhibit 4

First Data Corporation Supplemental Incentive Savings Plan

EXHIBIT A INVESTMENT ACCOUNTS

APPENDIX A List of Deferred Compensation Plans/Programs Merged into the Supplemental Incentive Savings Plan

APPENDIX B First Data Corporation Supplemental Incentive Savings Plan Deferral Election Agreement

First Data Corporation Supplemental Incentive Savings Plan Distribution Election Agreement and Beneficiary Designation

First Data Corporation Deferred Compensation Consolidation Election

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