Document:

exv10w43

 

Exhibit 10.43

FAIR ISAAC CORPORATION

1992 LONG-TERM INCENTIVE PLAN

Terms And Conditions of Stock Award Agreement

     These are the terms and conditions applicable to the Award granted by Fair Isaac Corporation,
a Delaware corporation (the “Company”), to you, the recipient listed on the Notice of Grant of
Award attached hereto as the cover page (the “Cover Page”), effective as of the date specified on
the Cover Page. The Cover Page together with these Terms and Conditions of Stock Award Agreement
constitute the Stock Award Agreement (this “Agreement”). This Award is granted pursuant to the
terms of the Company’s 1992 Long-term Incentive Plan, as amended (the “Plan”).

	 	 	 
	Uncertificated Shares

	 	The Restricted Shares covered by
your Award will be evidenced by a
book entry made in the records of
the Company’s transfer agent in your
name. Each book entry evidencing
any Restricted Shares may contain
such notations or legends and stock
transfer instructions or limitations
as may be determined or authorized
by the Company in its sole
discretion.
	 
	 	 
	Vesting

	 	Your Award vests in installments on the vesting dates as shown on
the Cover Page. In addition, your entire Award vests in full in
the event that:
	 
	 

	 	•      your service as an employee or director of the Company (or
any subsidiary) terminates because of your Disability or death, or

	 
	 

	 	•      any written employment agreement (other than a stock
option agreement) between you and the Company provides for
acceleration of this Award upon a change in control of the Company
or upon any other specified event or combination of events.

	 
	 	 
	 

	 	No additional Restricted Shares become vested after your
employment or service with the Company has terminated for any
reason; and all nonvested Restricted Shares hereunder are
forfeited by you to the Company as of the last day of your
employment or service, as provided below.

 

 

	 	 	 
	Leaves of Absence

	 	For purposes of this Award, your service does not
terminate when you go on a military leave, a sick leave
or another bona fide leave of absence, if the leave was
approved by the Company in writing. Unless you return
to active work upon termination of your approved leave,
your service will be treated as terminating on the later
of 90 days after you went on leave or the date that your
right to return to active work is guaranteed by law or
by a contract. The Company will determine which leaves
count for this purpose.
	 
	 	 
	Restrictions
on Issuance
of Shares

	 	The Company will not issue
Restricted Shares pursuant to this
Award if the issuance of shares
would violate any law or regulation.
If any consideration for receipt of
the Restricted Shares is required
under law or under the terms of your
Award, such consideration must be
received in cash or cash equivalents
prior to issuance of the Restricted
Shares.
	 
	 	 
	Forfeiture of
Nonvested Restricted Shares

	 	If your service as an employee,
director, consultant or advisor of
the Company or a subsidiary of the
Company terminates for any reason
while you are holding nonvested
Restricted Shares, all nonvested
Restricted Shares shall be
automatically forfeited by you to
the Company, and you shall
thereafter have no right, title or
interest whatever in such nonvested
Restricted Shares. Additionally and
upon the Company’s request, you will
deliver to the Company any documents
deemed necessary or desirable by the
Company in connection with the
forfeiture, including a stock power
duly executed in blank relating to
any and all certificates
representing Restricted Shares
forfeited to the Company in
accordance with the previous
sentence or, if such stock power has
previously been tendered to the
Company, the Company will be
authorized to deem such previously
tendered stock power delivered. The
Company will be authorized to cause
the book entry representing the
Restricted Shares to be adjusted to
reflect the number of Restricted
Shares forfeited. You will receive
a check for the price, if any, you
originally paid for the nonvested
Restricted Shares. Immediately upon
the automatic forfeiture described
above, you will no longer have any
rights with respect to the nonvested
Restricted Shares (including the
right to vote or transfer the
shares) and the nonvested Restricted
Shares will be deemed to have been
reacquired by the Company.

- 2 -

 

	 	 	 
	Withholding Taxes

	 	You must make arrangements satisfactory to the Company
to pay any withholding taxes that may be due as a result
of the receipt or vesting of Restricted Shares or the
making of an election under Section 83(b) of the
Internal Revenue Code of 1986, as amended.
	 
	 	 
	Restrictions
on Resale

	 	By signing this Agreement, you agree
not to sell any vested Restricted
Shares at a time when applicable
laws or the Company policies
prohibit a sale.
	 
	 	 
	Transfer of Award

	 	Prior to the vesting of the Restricted Shares, you
cannot transfer, assign, encumber or otherwise dispose
of the Shares. For instance, you may not sell the
Restricted Shares or use them as security for a loan.
If you attempt to do any of these things, such transfer
or assignment will be invalid. You may, however,
dispose of the Restricted Shares in your will or on a
written beneficiary designation. Such a designation
must be filed with the Company on the proper form and
will be recognized only if it is received at the
Company’s headquarters before your death.
	 
	 	 
	 

	 	Regardless of any marital property settlement agreement,
the Company is not obligated to recognize your former
spouse’s interest in your Award in any way.
	 
	 	 
	Retention Rights

	 	Neither this Award nor this Agreement gives you the right
to continue as an employee or director of the Company (or
any subsidiaries) in any capacity. The Company (and any
subsidiaries) reserves the right to terminate your
service at any time, with or without cause, subject to
the terms of any written employment agreement signed by
you and the Company.
	 
	 	 
	Stockholder Rights

	 	Provided that you execute the Cover
Page, you, or your estate or heirs,
have full rights as a stockholder of
the Company upon the date of grant
set forth on the Cover Page.
	 
	 	 
	Adjustments

	 	In the event of any adjustments to
the capital stock of Fair Isaac as
described in Article 10 of the Plan,
the number of Restricted Shares
covered by this Award will be
adjusted pursuant to the Plan.
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted
and enforced under the laws of the
State of Delaware (without regard to
its rules on choice of law).

- 3 -

 

	 	 	 
	The Plan and Other Agreements

	 	The text of the Plan is incorporated
in this Agreement by reference.
This Agreement and the Plan
constitute the entire understanding
between you and the Company
regarding this Award. Any prior
agreements, commitments or
negotiations concerning this Award
are superseded. This Agreement may
be amended only in writing.
	 
	 	 
	Definitions

	 	“Disability” means that you are
unable to engage in any substantial
gainful activity by reason of a
medically determinable, physical or
mental impairment which can be
expected to result in death or which
has lasted (or can be expected to
last) for a continuous period of not
less than 12 months.

By accepting this Award in the manner prescribed by the Company, you agree
to all of the terms and conditions described in this Agreement and in the Plan.

- 4 -exv10w47

 

Exhibit 10.47

Management Incentive Plan (MIP)

Fiscal Year 2007

The Management Incentive Plan (“MIP”) applies to designated Executive Officers of the Company
and is designed to link a portion of a Participant’s cash compensation to demonstrated performance.
A Participant has an opportunity to earn Incentive Awards based on Company Performance, Personal
Performance and assigned Business Unit Performance during the fiscal year. This document is the
sole document which governs the administration of MIP awards.

The MIP is administered by the Compensation Committee of the Board of Directors (the “Committee”).
The Committee has the authority to interpret and administer all provisions and to make any rules
and regulations or take any action it deems necessary including amendments or revocation. All
awards issued under the MIP are at the sole discretion of the Committee.

Incentive Awards made pursuant to the MIP are determined and distributed semi-annually following
completion of the Company’s fiscal second and fourth quarters. Incentive Awards will generally be
distributed to Participants within 60 calendar days following the end of each performance period.

Individual Incentive Awards under the MIP are determined based upon funding availability for the
Award Pool (tied to Company Performance), the Participant’s Personal Performance against
established performance goals and the performance of the Participant’s assigned Business Unit. In
general, annual cumulative Incentive Awards under the MIP to any Participant will not exceed that
Participant’s annual base salary received during the relevant Plan Year. Incentive Awards may be
prorated to account for partial Plan Year participation.

The Award Pool relevant to each semi-annual performance period is determined based upon the extent
to which Company goals have been achieved on both a performance period and fiscal year-to-date
basis. In general, the Award Pool will be funded only to the extent that doing so will allow the
Company to achieve its established net income goal.

All Incentive Awards under the MIP are in the form of cash payments, less applicable tax
withholding, as determined by the Committee.

Company Performance is defined as the extent to which the Company attains established year-to-date
goals tied to the achievement of financial targets including both revenue and net income targets as
established by the Committee. Business Unit Performance is defined as the extent to which a
Participant’s assigned business unit achieves targeted year-to-date results while adhering to
budgeted resources.

Financial results associated with business acquisitions, divestitures, share repurchase activity,
changes in the economy or markets served by the Company which substantially impact results attained
during the Plan Year may be excluded from the results used to calculate Incentive Awards. The
Committee will determine, in its sole discretion, whether such events have occurred and the extent
to which, if at all, goals should be adjusted.

Participation in the MIP is limited to designated Executive Officers (other than the Chief
Executive Officer) of the Company and any other senior leader the Committee specifically
designates. Any designation as a Participant must be done in writing and must state an effective
and termination date of participation.

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