Document:

Exhibit 10.2

Exhibit 10.2

FORM OF

SunGard Capital Corp. And SunGard Capital Corp. II

Management Non-Qualified Performance-Based Option Agreement

Amendment Dated June 25, 2010

This Amendment to the Management Non-Qualified Performance-Based Option Agreement (this
“Amendment”) is entered into by and between SunGard Capital Corp., a Delaware corporation
(the “Company”), SunGard Capital Corp. II, a Delaware corporation (together with the
Company, the “Companies”), and the “Optionee” named below, as of June 25, 2010.

WHEREAS, the Company maintains the SunGard 2005 Management Incentive Plan, as amended (the
“Plan”), for the benefit of its and its affiliates’ eligible employees, non-employee
directors, and consultants and advisors who perform services for the Company or its affiliates;

WHEREAS, the Companies and the Optionee entered into the Management Non-Qualified
Performance-Based Option Agreement under the Plan (the “Agreement”), pursuant to which the
Companies granted the Optionee a non-qualified stock option to purchase the number of Units (as
defined in the Agreement) stated therein, dated  _____, 200_____ 

(the “Option”);

WHEREAS, Section 9 of the Plan provides that the Administrator (as defined in the Plan) may at
any time amend the Option for any purpose which may at the time be permitted by law; provided,
that, the Administrator may not, without the Optionee’s consent, alter the terms of the Option so
as to affect adversely the Optionee’s rights under the Option;

WHEREAS, the Board has determined that this Amendment does not adversely affect the Optionee’s
rights under the Option;

WHEREAS, this Amendment applies to the portion of the Option that could be earned with respect
to performance for any calendar years after 2010 as follows:

If the Option was granted in 2007, this Amendment applies to calendar year 2011.

If the Option was granted in 2008, this Amendment applies to calendar years 2011 and 2012.

If the Option was granted in 2009, this Amendment applies to calendar years 2011, 2012 and
2013.

If the Option was granted in 2010, this Amendment applies to calendar years 2011, 2012, 2013
and 2014.

WHEREAS, this Amendment is not intended to modify the terms of any previous amendment;

 

 

 

NOW, THEREFORE, in consideration of the above recitals and the promises set forth in the Plan,
the Agreement and this Amendment, the parties agree as follows:

	1.	 	Schedule A to the Agreement is hereby amended by adding the following new paragraphs to the
end:

“Performance Goals for Years After 2010:

1. Notwithstanding the foregoing as amended from time to time, the foregoing Base Case
performance goals shall be amended with respect to each calendar year after 2010.
As amended, with respect to each of the calendar years after 2010, the Option
shall be earned to the extent that the Amended Base Case (as defined below) for each such
calendar year is achieved during such period as follows, and the portion of the Option
that is earned for such calendar year shall vest in accordance with the vesting schedule
set forth in paragraph (2) below:

(a) If Actual Internal EBITA for such calendar year is less than or equal to 95% of
the Amended Base Case for that year, the Option will not be earned for any Units at the
end of that year;

(b) If Actual Internal EBITA for such calendar year is between 95% and 100% of the
Amended Base Case for that year, the number of Units underlying the Option that will be
earned at the end of that year will be determined by interpolation at the linear rate of
1/56.25 of the Units per one percentage point of Actual Internal EBITA (rounded to the
nearest .0001 of a Unit); and

(c) If Actual Internal EBITA for such calendar year is greater than 100% of the
Amended Base Case for that year, the Option shall not be earned for any further Units than
provided above until Actual Internal EBITA for such calendar year is equal to or greater
than 100% of the Original Base Case (as defined below) for that year as such target
appears in the Original Agreement (as defined below), at which point the Option shall be
earned as follows:

(i) If Actual Internal EBITA for such calendar year is between 100% and 106.25% of
the Original Base Case for that year, the number of Units underlying the Option that will
be earned for the calendar year will be the sum of (x) the number of Units calculated in
accordance with paragraph (b) above and (y) an amount determined by interpolation at the
linear rate of 1/56.25 of the Units per one percentage point of Actual Internal EBITA
(rounded to the nearest .0001 of a Unit) between 100% and 106.25% of the Original Base
Case; and

(ii) If Actual Internal EBITA for such calendar year is equal to or greater than
106.25% of the Original Base Case for that year, the Option shall be earned for 1/5 of the
Units (rounded to the nearest .0001 of a Unit) at the end of that year.

 

 

 

2. All Options earned as described above for calendar years after 2010 shall vest
and be exercisable as of the end of the applicable calendar year, to the extent earned,
subject to the other terms of the Agreement.

3. For vesting in years after 2010, cumulative vesting, if applicable, will not be
available.

	 	•	 	For purposes of this Amendment, for calendar years after 2010:

“Amended Base Case” means the Actual Internal EBITA target for the Company
for each calendar year after 2010 as follows: the Company’s final consolidated
budgeted EBITA, as approved by the Board or Compensation Committee and as appears in the
Company’s operating budget for the applicable calendar year after 2010.

“Original Base Case” means the Base Case for applicable years after 2010 as
set forth in this Agreement before this Amendment.

“Original Agreement” means this Agreement as in effect before this Amendment,
including any prior amendments.”

	2.	 	This Amendment shall apply to the portion of the Option to be earned with respect to calendar
years in the Performance Period after 2010.
	 
	3.	 	In all respects not amended, the Agreement is hereby ratified and confirmed.

IN WITNESS WHEREOF, the Companies agree to the terms of the foregoing Amendment as of the date
first written above.

	 	 	 	 	 	 	 
	SunGard Capital Corp. and	 	SUNGARD CAPITAL CORP.	 	 
	SunGard Capital Corp. II	 	SUNGARD CAPITAL CORP. II	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	Optionee	 	Name of Optionee	 	 

 

 

 

FORM OF

SunGard Capital Corp. And SunGard Capital Corp. II

Management Performance-Based Restricted Stock Unit Agreement

Amendment Dated June 25, 2010

This Amendment to the Management Performance-Based Restricted Stock Unit Agreement (this
“Amendment”) is entered into by and between SunGard Capital Corp., a Delaware corporation
(the “Company”), SunGard Capital Corp. II, a Delaware corporation (together with the
Company, the “Companies”), and the “Grantee” named below, on June 25, 2010.

WHEREAS, the Company maintains the SunGard 2005 Management Incentive Plan, as amended (the
“Plan”), for the benefit of its and its affiliates’ eligible employees, non-employee
directors, and consultants and advisors who perform services for the Company or its affiliates;

WHEREAS, the Companies and the Grantee entered into the Management Performance-Based
Restricted Stock Unit Agreement under the Plan (the “Agreement”), pursuant to which the
Companies granted the Grantee Restricted Stock Units for the number of Units (as defined in the
Agreement) stated therein, dated
 _____, 200_____ 

(the “Stock Units”);

WHEREAS, Section 9 of the Plan provides that the Administrator (as defined in the Plan) may at
any time amend the Stock Units for any purpose which may at the time be permitted by law; provided,
that, the Administrator may not, without the Grantee’s consent, alter the terms of the Stock Units
so as to affect adversely the Grantee’s rights under the Stock Units;

WHEREAS, the Board has determined that this Amendment does not adversely affect the Grantee’s
rights under the Stock Units;

WHEREAS, this Amendment applies to the portion of the Stock Units that could be earned with
respect to performance for any calendar years after 2010 as follows:

If the Stock Units were granted in 2007, this Amendment applies to calendar year 2011.

If the Stock Units were granted in 2008, this Amendment applies to calendar years 2011 and
2012.

If the Stock Units were granted in 2009, this Amendment applies to calendar years 2011, 2012
and 2013.

If the Stock Units were granted in 2010, this Amendment applies to calendar years 2011,
2012, 2013 and 2014.

WHEREAS, this Amendment is not intended to modify the terms of any previous amendment;

 

 

 

NOW, THEREFORE, in consideration of the above recitals and the promises set forth in the Plan,
the Agreement and this Amendment, the parties agree as follows:

	4.	 	Schedule A to the Agreement is hereby amended by adding the following new paragraphs to the
end:

“Performance Goals for Years After 2010:

1. Notwithstanding the foregoing as amended from time to time, the foregoing Base Case
performance goals shall be amended with respect to each calendar year after 2010.
As amended, with respect to each of the calendar years after 2010, the Stock Units
shall be earned to the extent that the Amended Base Case (as defined below) for each such
calendar year is achieved during such period as follows, and the portion of the Stock
Units that is earned for such calendar year shall vest in accordance with the vesting
schedule set forth in paragraph (2) below:

(a) If Actual Internal EBITA for such calendar year is less than or equal to 95% of
the Amended Base Case for that year, no Stock Units will be earned at the end of that
year;

(b) If Actual Internal EBITA for such calendar year is between 95% and 100% of the
Amended Base Case for that year, the number of Stock Units that will be earned at the end
of that year will be determined by interpolation at the linear rate of 1/56.25 of the
Stock Units per one percentage point of Actual Internal EBITA (rounded to the nearest

..0001 of a Stock Unit); and

(c) If Actual Internal EBITA for such calendar year is greater than 100% of the
Amended Base Case for that year, then no further Stock Units shall be earned other than
provided above until Actual Internal EBITA for such calendar year is equal to or greater
than 100% of the Original Base Case (as defined below) for that year as such target
appears in the Original Agreement (as defined below), at which point the Stock Units shall
be earned as follows:

(i) If Actual Internal EBITA for such calendar year is between 100% and 106.25% of
the Original Base Case for that year, the number of Stock Units that will be earned for
the calendar year will be the sum of (x) the number of Stock Units calculated in
accordance with paragraph (b) above and (y) an amount determined by interpolation at the
linear rate of 1/56.25 of the Stock Units per one percentage point of Actual Internal
EBITA (rounded to the nearest .0001 of a Stock Unit) between 100% and 106.25% of the
Original Base Case; and

(ii) If Actual Internal EBITA for such calendar year is equal to or greater than
106.25% of the Original Base Case for that year, 1/5 of the Stock Units shall be earned
(rounded to the nearest .0001 of a Stock Unit) at the end of that year.

 

 

 

2. All Stock Units earned as described above for calendar years after 2010 shall
vest as of the end of the applicable calendar year, to the extent earned, and subject to
the other terms of the Agreement.

3. For vesting in years after 2010, cumulative vesting, if applicable, will not be
available.

	 	•	 	For purposes of this Amendment, for calendar years after 2010:

“Amended Base Case” means the Actual Internal EBITA target for the Company
for each calendar year after 2010 as follows: the Company’s final consolidated
budgeted EBITA, as approved by the Board or Compensation Committee and as appears in the
Company’s operating budget for the applicable calendar year after 2010.

“Original Base Case” means the Base Case for applicable years after 2010 as
set forth in this Agreement before this Amendment.

“Original Agreement” means this Agreement as in effect before this Amendment,
including any prior amendments.”

	5.	 	This Amendment shall apply to the portion of the Stock Units to be earned with respect to
calendar years in the Performance Period after 2010.
	 
	6.	 	In all respects not amended, the Agreement is hereby ratified and confirmed.

IN WITNESS WHEREOF, the Companies agree to the terms of the foregoing Amendment as of the date
first written above.

	 	 	 	 	 	 	 
	SunGard Capital Corp. and	 	SUNGARD CAPITAL CORP.	 	 
	SunGard Capital Corp. II	 	SUNGARD CAPITAL CORP. II	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	Grantee	 	Name of Grantee	 	 

 

 

 

FORM OF

SunGard Capital Corp. And SunGard Capital Corp. II

Management Non-Qualified Performance-Based Class A Option Agreement

Amendment Dated June 25, 2010

This Amendment to the Management Non-Qualified Performance-Based Class A Option Agreement
(this “Amendment”) is entered into by and between SunGard Capital Corp., a Delaware
corporation (the “Company”), SunGard Capital Corp. II, a Delaware corporation (together
with the Company, the “Companies”), and the “Optionee” named below, as of June 25,
2010.

WHEREAS, the Company maintains the SunGard 2005 Management Incentive Plan, as amended (the
“Plan”), for the benefit of its and its affiliates’ eligible employees, non-employee
directors, and consultants and advisors who perform services for the Company or its affiliates;

WHEREAS, the Companies and the Optionee entered into the Management Non-Qualified
Performance-Based Class A Option Agreement under the Plan (the “Agreement”), pursuant to
which the Companies granted the Optionee a non-qualified stock option to purchase the number of
Shares (as defined in the Agreement) stated therein, dated _____, 200_____ 

(the “Option”);

WHEREAS, Section 9 of the Plan provides that the Administrator (as defined in the Plan) may at
any time amend the Option for any purpose which may at the time be permitted by law; provided,
that, the Administrator may not, without the Optionee’s consent, alter the terms of the Option so
as to affect adversely the Optionee’s rights under the Option;

WHEREAS, the Board has determined that this Amendment does not adversely affect the Optionee’s
rights under the Option;

WHEREAS, this Amendment applies to the portion of the Option that could be earned with respect
to performance for any calendar years after 2010 as follows:

If the Option was granted in 2007, this Amendment applies to calendar year 2011.

If the Option was granted in 2008, this Amendment applies to calendar years 2011 and 2012.

If the Option was granted in 2009, this Amendment applies to calendar years 2011, 2012 and
2013.

If the Option was granted in 2010, this Amendment applies to calendar years 2011, 2012, 2013
and 2014.

WHEREAS, this Amendment is not intended to modify the terms of any previous amendment;

 

 

 

NOW, THEREFORE, in consideration of the above recitals and the promises set forth in the Plan,
the Agreement and this Amendment, the parties agree as follows:

	7.	 	Schedule A to the Agreement is hereby amended by adding the following new paragraphs to the
end:

“Performance Goals for Years After 2010:

1. Notwithstanding the foregoing as amended from time to time, the foregoing Base Case
performance goals shall be amended with respect to each calendar year after 2010.
As amended, with respect to each of the calendar years after 2010, the Option
shall be earned to the extent that the Amended Base Case (as defined below) for each such
calendar year is achieved during such period as follows, and the portion of the Option
that is earned for such calendar year shall vest in accordance with the vesting schedule
set forth in paragraph (2) below:

(a) If Actual Internal EBITA for such calendar year is less than or equal to 95% of
the Amended Base Case for that year, the Option will not be earned for any Shares at the
end of that year;

(b) If Actual Internal EBITA for such calendar year is between 95% and 100% of the
Amended Base Case for that year, the number of Shares underlying the Option that will be
earned at the end of that year will be determined by interpolation at the linear rate of
1/56.25 of the Shares per one percentage point of Actual Internal EBITA (rounded to the
nearest .0001 of a Share); and

(c) If Actual Internal EBITA for such calendar year is greater than 100% of the
Amended Base Case for that year, the Option shall not be earned for any further Shares
than provided above until Actual Internal EBITA for such calendar year is equal to or
greater than 100% of the Original Base Case (as defined below) for that year as such
target appears in the Original Agreement (as defined below), at which point the Option
shall be earned as follows:

(i) If Actual Internal EBITA for such calendar year is between 100% and 106.25% of
the Original Base Case for that year, the number of Shares underlying the Option that will
be earned for the calendar year will be the sum of (x) the number of Shares calculated in
accordance with paragraph (b) above and (y) an amount determined by interpolation at the
linear rate of 1/56.25 of the Shares per one percentage point of Actual Internal EBITA
(rounded to the nearest .0001 of a Share) between 100% and 106.25% of the Original Base
Case; and

(ii) If Actual Internal EBITA for such calendar year is equal to or greater than
106.25% of the Original Base Case for that year, the Option shall be earned for 1/5 of the
Shares (rounded to the nearest .0001 of a Share) at the end of that year.

 

 

 

2. All Options earned as described above for calendar years after 2010 shall vest
and be exercisable as of the end of the applicable calendar year, to the extent earned,
subject to the other terms of the Agreement.

3. For vesting in years after 2010, cumulative vesting, if applicable, will not be
available.

	 	•	 	For purposes of this Amendment, for calendar years after 2010:

“Amended Base Case” means the Actual Internal EBITA target for the Company
for each calendar year after 2010 as follows: the Company’s final consolidated
budgeted EBITA, as approved by the Board or Compensation Committee and as appears in the
Company’s operating budget for the applicable calendar year after 2010.

“Original Base Case” means the Base Case for applicable years after 2010 as
set forth in this Agreement before this Amendment.

“Original Agreement” means this Agreement as in effect before this Amendment,
including any prior amendments.”

	8.	 	This Amendment shall apply to the portion of the Option to be earned with respect to calendar
years in the Performance Period after 2010.
	 
	9.	 	In all respects not amended, the Agreement is hereby ratified and confirmed.

IN WITNESS WHEREOF, the Companies agree to the terms of the foregoing Amendment as of the date
first written above.

	 	 	 	 	 	 	 
	SunGard Capital Corp. and	 	SUNGARD CAPITAL CORP.	 	 
	SunGard Capital Corp. II	 	SUNGARD CAPITAL CORP. II	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	Optionee	 	Name of OptioneeExhibit 10.3

Exhibit 10.3

	 	 	 
	 

	 	Name:
	 

	 	Number of Stock Units:
	 

	 	Date of Grant:

SunGard Capital Corp. and SunGard Capital Corp. II

Management Performance-Based Restricted Stock Unit Agreement

THIS AWARD AND ANY SECURITIES ISSUED UPON THE PAYMENT OF THIS RESTRICTED STOCK UNIT
AWARD ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND REQUIREMENTS OF SALE
AND OTHER PROVISIONS AS SET FORTH IN THE STOCKHOLDERS AGREEMENT AMONG SUNGARD CAPITAL
CORP., SUNGARD CAPITAL CORP. II, SUNGARD HOLDING CORP., SOLAR CAPITAL CORP. AND CERTAIN
STOCKHOLDERS OF SUNGARD CAPITAL CORP. AND SUNGARD CAPITAL CORP. II, DATED AS OF
AUGUST 10, 2005 (AS IN EFFECT FROM TIME TO TIME, THE
“STOCKHOLDERS AGREEMENT”).

SUNGARD CAPITAL CORP. AND SUNGARD CAPITAL CORP. II STRONGLY ENCOURAGE YOU TO SEEK THE ADVICE OF
YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO YOUR AWARD AND ITS TAX CONSEQUENCES.

This agreement (the “Agreement”) evidences Restricted Stock Units granted by SunGard
Capital Corp., a Delaware corporation (the “Company”), and SunGard Capital Corp. II, a
Delaware corporation (“Lowerco” and together with the Company, the “Companies”), to
the undersigned (the “Grantee”), pursuant to, and subject to the terms of, the SunGard 2005
Management Incentive Plan (as amended from time to time, the “Plan”) which is incorporated
herein by reference and of which the Grantee hereby acknowledges receipt.

1. Grant of Restricted Stock Units. The Company and Lowerco (as applicable) grant to
the Grantee, as of the above Date of Grant, Restricted Stock Units for the number of Stock Units
stated above (the “Stock Units”), on the terms provided herein and in the Plan. The Stock
Units represent a conditional right to receive Units (as defined below) consisting of Class A
Common shares, Class L Common shares and Lowerco Preferred shares (the “Shares”). The
Stock Units evidenced by this Agreement are granted to the Grantee in an Employment capacity as an
Employee.

2. Stock Unit Account. The Company shall establish and maintain a Stock Unit account
(the “Account”) as a bookkeeping account on its records for the Grantee and shall record in
the Account the number of Stock Units awarded to the Grantee. No Shares shall be issued to the
Grantee at the time the Award is made, and the Grantee shall not be, nor have any of the rights or
privileges of, a stockholder of the Companies with respect to any Stock Units recorded in the
Account or amounts credited to the Account pursuant to Section 8. The Grantee shall not have any
interest in any fund or specific assets of the Companies by reason of this Award or the Account
established for the Grantee.

May 2010 Form US

 

 

 

3. Meaning of Certain Terms. Except as otherwise defined herein, all capitalized
terms used in this Agreement shall have the same meaning as in the Plan. The terms “Change of
Control,” “Disability” and “Fair Market Value” shall have the same meaning as
set forth in the Stockholders Agreement and without regard to any subsequent amendment thereof.
The term “Performance Period” is defined in Schedule A. The following terms shall have the
following meanings:

	 	(a)	 	“Adjustment Event” means (i) a cash distribution with respect to Shares
paid to all or substantially all holders of Shares, other than cash dividends in
respect of Shares declared by the Board as part of a regular dividend payment practice
or stated cash dividend policy of the Company following an IPO, or (ii) a substantially
pro rata redemption or substantially pro rata repurchase (in each case, as applicable,
by the Company, Lowerco or any of their subsidiaries) of all or part of any class of
Shares;
	 
	 	(b)	 	“CEO” means the Chief Executive Officer of the Company.

	 	(c)	 	“Date of Termination” means the date that the termination of the
Grantee’s Employment with Employer is effective on account of the Grantee’s death, the
Grantee’s Disability, termination by Employer for Cause or without Cause, or by the
Grantee, as the case may be;

	 	(d)	 	“Employer” means the Company or, as the case may be, its Affiliate with
whom the Grantee has entered into an Employment relationship;

	 	(e)	 	“Investors” means investment funds advised by Silver Lake Partners,
Bain Capital, The Blackstone Group, Goldman, Sachs & Co., Kohlberg Kravis Roberts,
Providence Equity Partners and Texas Pacific Group that own capital stock of the
Company;

	 	(f)	 	“Restrictive Covenant” means any of the restrictive covenants set forth
in Exhibit A, which is incorporated herein by reference;
	 
	 	(g)	 	“Retirement” means termination of employment by Grantee after age 62;

	 	(h)	 	“Unit” means an undivided interest in 1.3 Class A shares, 0.1444 Class
L shares and 0.05 Lowerco Preferred shares, determined at the Date of Grant, as it may
be adjusted as provided herein;

	 	(i)	 	“Vest on a Pro Rata Basis” means that the vesting of the Grantee’s
Stock Units shall continue through the end of the Year of Termination (but not
thereafter), provided that only a portion of the Stock Units subject to this Restricted
Stock Unit Agreement that otherwise would have vested at the end of such year shall
vest, such portion being determined by multiplying (i) the number of Stock Units that
otherwise would have vested at the end of such year based upon attainment of
pre-determined performance goals, by (ii) (A) the number of days in which the Grantee
was employed by Employer during the Year of Termination divided by (B) 365 (rounded to
the nearest whole number of Stock Units);

 

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Notwithstanding the foregoing, with respect to the Grantee’s termination of
Employment described in Section 4(a) during the 2010 calendar year, “Vest on a Pro
Rata Basis” means that the Grantee’s Stock Units shall continue to be earned through
the end of the Year of Termination (but not thereafter), provided that only a
portion of the Stock Units subject to this Restricted Stock Unit Agreement that
otherwise would have been earned at the end of such year shall be earned as of the
end of the calendar year, such portion being determined by multiplying (i) the
number of Stock Units that otherwise would have been earned at the end of such
calendar year based upon attainment of pre-determined performance goals, by (ii) (A)
the number of days in which the Grantee was employed by Employer during the Year of
Termination divided by (B) 365 (rounded to the nearest whole number of Stock Units);
and the Stock Units that are earned for the Year of Termination as described in this
paragraph shall vest as of the last day of the Year of Termination pursuant to
Section 4(a); and

	 	(j)	 	“Year of Termination” means the fiscal year for the applicable
Performance Period during which the Grantee’s Date of Termination occurs.

As used herein with respect to the Stock Units, the Stock Units shall be earned based on
performance and shall vest based on Section 4 below, and the term “vest” means that the
restrictions on the right to receive payment pursuant to the Stock Units lapse in whole or in
specified part.

4. Vesting of Stock Units. The Stock Units shall be subject to forfeiture until the
Stock Units vest. The Stock Units shall vest, in accordance with Schedule A, based on the
Grantee’s continued Employment; provided, however, that:

	 	(a)	 	if the Grantee’s Employment terminates as a result of (i) termination of the
Grantee by Employer without Cause, (ii) the Grantee’s Disability or death, or (iii)
with respect to Stock Units earned for a calendar year after 2010, the Grantee’s
Retirement, then the Stock Units for the year of termination shall Vest on a Pro Rata
Basis, and any unvested portion of the Stock Units that was earned for the 2010
calendar year shall become fully vested as of the Date of Termination;

	 	(b)	 	with respect to the portion of the Stock Units that is earned for the 2010
calendar year, if the Grantee’s Employment terminates as a result of the Grantee’s
resignation or Retirement, then the Stock Units shall be deemed to have stopped vesting
as of the Date of Termination of such Grantee, and no portion of the Stock Units shall
be earned for the calendar year in which the Date of Termination occurs;

	 	(c)	 	with respect to the portion of the Stock Units that is earned for calendar
years after 2010, if the Grantee’s Employment terminates as a result of the Grantee’s
resignation, then the Stock Units shall be deemed to have stopped vesting as of the
beginning of the year containing the Date of Termination of such Grantee;

	 	(d)	 	if the Grantee’s Employment terminates as a result of termination by Employer
for Cause, then the Stock Units will be immediately forfeited by the Grantee and
terminate as of the Date of Termination; and

 

-3-

 

	 	(e)	 	upon a Change of Control during the Performance Period, the Compensation
Committee of the Board and the CEO will determine in mutual consultation the effect of
such Change of Control on the Stock Units, which shall be treated in a manner they
jointly consider equitable under the circumstances; provided that in the event of a
Change of Control after the 2010 calendar year, any portion of the Stock Units that
were earned with respect to the 2010 calendar year and that have not yet vested shall
vest in full upon the Change of Control.

5. Payment of Stock Units. The Grantee’s vested Stock Units shall be paid in Shares
upon the first to occur of (i) a Change of Control that meets the requirements of a “change in
control event” under Section 409A of the Code, (ii) the Grantee’s separation from service without
Cause, or (iii) the date that is five years after the Date of Grant. If a Change of Control occurs
before the Stock Units are fully vested, any Stock Units that subsequently vest shall be paid upon
the first to occur of (i) the Grantee’s separation from service without Cause or (ii) the date that
is five years after the Date of Grant. Notwithstanding the foregoing, a distribution of Shares
under this Agreement upon separation from service shall only be made upon the Grantee’s “separation
from service” within the meaning of Section 409A of the Code, and all distributions shall be made
at a time and in a manner consistent with Section 409A. When the vested Stock Units become
payable, the Companies will issue to the Grantee Shares representing the Units underlying the
vested Stock Units, subject to satisfaction of the Grantee’s tax withholding obligations as
described below, within 30 business days after the payment event.

6. Certain Calls and Puts. The Stock Units granted hereunder and the related Shares
are subject to the call and put rights contained in Section 6 of the Stockholders Agreement, except
that such put rights shall be granted only if and to the extent permitted by the Code (including
Section 409A thereof); provided, however, that the call rights contained in Section 6 of the
Stockholders Agreement shall not apply in the event of a termination resulting from Disability or
death.

7. Share Restrictions, etc. Except as expressly provided herein, the Grantee’s rights
hereunder and with respect to Shares received upon payment in accordance with Section 5 herein are
subject to the restrictions and other provisions contained in the Stockholders Agreement.

8. Distributions, Redemptions, etc.

	 	(a)	 	Upon the occurrence of an Adjustment Event, there shall be credited to the
Account an amount equal to the product of (i) the per-Share amount paid with respect to
Shares underlying the Stock Unit in connection with the Adjustment Event, multiplied by
(ii) the number of Shares of the class of stock affected by the Adjustment Event that
are included in each Unit immediately prior to the Adjustment Event, multiplied by
(iii) the number of Units underlying the Grantee’s Stock Units pursuant to this Award.

	 	(b)	 	If any other cash dividend or distribution is paid with respect to Shares
underlying the Stock Units, there shall be credited to the Account an amount equal to
the product of (i) the per-Share amount paid with respect to Shares underlying the
Stock Units, multiplied by (ii) the number of Shares of the applicable class of stock
that are included in each Unit, multiplied by (iii) the number of Units underlying the
Grantee’s Stock Units pursuant to this Award.

 

-4-

 

	 	(c)	 	The amount credited to the Account pursuant to this Section 8 with respect to
Stock Units is referred to as the “Bonus Value.” The Bonus Value shall vest on the
same terms as the Stock Units to which it relates, as set forth in this Agreement, and
the vested Bonus Value shall be paid to the Grantee at the same time as the vested
Stock Units are paid pursuant to Section 5 herein, consistent with Section 409A of the
Code.

	 	(d)	 	In the case of a redemption or repurchase of Shares, the number of Shares of
the class of stock redeemed or repurchased that are subject to outstanding Stock Units
will be automatically reduced by an amount proportionate to the percentage reduction in
outstanding Shares of the affected class resulting from the redemption or repurchase.
The Grantee shall be entitled to receive any information reasonably requested regarding
the composition of a Unit, as adjusted in accordance with this Section 8.

9. Forfeiture. Upon delivery of Shares pursuant to the Stock Units, the Grantee shall
certify on a form acceptable to the Committee that the Grantee is in compliance with the
Restrictive Covenants and all other agreements between the Grantee and the Company or any of its
Affiliates. If the Company determines that the Grantee is not in compliance with one or more of
the Restrictive Covenants or with the provisions of any agreement between the Grantee and the
Company or any of its Affiliates, and such non-compliance has not been authorized in advance in a
specific written waiver from the Company or the applicable party, the Committee may cancel any
unpaid Stock Units. The Company shall also have the following (and only the following) additional
remedies:

	 	(a)	 	During the six months after any delivery of Shares pursuant to the Stock Units,
such delivery may be rescinded at the Company’s option if the Grantee fails to comply
in any material respect with the terms of the Restrictive Covenants or of any other
agreement with the Company or any of its affiliates or if the Grantee breaches any duty
to the Company or any of its Affiliates. The Company shall notify the Grantee in
writing of any such rescission within one year after such delivery. Within ten days
after receiving such a notice from the Company, the Grantee shall remit or deliver to
the Company (i) the amount of any gain realized upon the sale of any Shares, (ii) any
consideration received upon the exchange of any Shares (or to the extent that such
consideration was not received in the form of cash, the cash equivalent thereof valued
at the time of the exchange), and (iii) the number of Shares received in connection
with the rescinded delivery.

	 	(b)	 	The Company shall have the right to offset, against any Shares and any cash
amounts due to the Grantee under or by reason of the Grantee’s holding the Stock
Units, any amounts to which the Company is entitled as a result of the Grantee’s
violation of the terms of the Restrictive Covenants or of any other agreement with
the Company or any of its affiliates or the Grantee’s breach of any duty to the
Company or any of its Affiliates; provided, however, that no offset shall accelerate
or defer the distribution date of amounts payable under this Agreement in violation
of Section 409A of the Code, and any offset in violation of Section 409A shall be
null and void. Accordingly, the Grantee acknowledges that (i) the Company may
withhold delivery of Shares, (ii) the Company may place the proceeds of any sale or
other disposition of Shares in an escrow account of the Company’s choosing pending
resolution of any dispute with the Company, and (iii) the Company has no liability
for any attendant market risk caused by any such withholding, or escrow, subject,
however, to compliance with the requirements of Section 409A of the Code.

 

-5-

 

The Grantee acknowledges and agrees that the calculation of damages from a breach of any of the
Restrictive Covenants or of any other agreement with the Company or any of its Affiliates or of any
duty to the Company or any of its Affiliates would be difficult to calculate accurately and that
the right to offset or other remedy provided for herein is reasonable and not a penalty. The
Grantee further agrees not to challenge the reasonableness of such provisions even where the
Company rescinds, delays, withholds or escrows Shares or proceeds or uses those Shares or proceeds
as a setoff.

10. Legends, etc. Shares issued upon the lapse of any restrictions on the Stock Units
shall bear such legends as may be required or provided for under the terms of the Stockholders
Agreement.

11. Transfer of Stock Units. The Stock Units may only be transferred by the laws of
descent and distribution, or to a legal representative in the event of the Grantee’s incapacity.

12. Withholding. The payment of the Shares and other amounts in accordance with this
Agreement will give rise to “wages” or other compensation income subject to withholding. The
Grantee expressly acknowledges and agrees that the Grantee’s rights hereunder, including the right
to be issued Shares in accordance with Section 5 herein and paid cash in accordance with Section 8
hereof, are subject to the Grantee promptly paying to the Companies in cash or by Share withholding
as described below (or by such other means as may be acceptable to the Administrator in its
discretion) all taxes required to be withheld. The Grantee also authorizes the Companies and their
subsidiaries to withhold such amount from any amounts otherwise owed to the Grantee. Unless the
Grantee elects otherwise in a time and manner specified by the Company, any tax withholding
obligation with respect to the payment of Shares shall be satisfied by having Shares withheld up to
an amount that does not exceed the minimum applicable withholding tax rate for federal (including
FICA), state, and local tax liabilities.

13. Grant Subject to Plan Provisions. This Award is made pursuant to the Plan, the
terms of which are incorporated herein by reference, and in all respects shall be interpreted in
accordance with the Plan. The Award and payment of the Stock Units are subject to interpretations,
regulations and determinations concerning the Plan established from time to time by the
Administrator in accordance with the provisions of the Plan, including, but not limited to,
provisions pertaining to (i) the registration, qualification or listing of the shares issued
under the Plan, (ii) changes in capitalization and (iii) other requirements of applicable law. The
Administrator shall have the authority to interpret and construe the Stock Units pursuant to the
terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder.

 

-6-

 

14. Effect on Employment. Neither the grant of the Stock Units, nor the issuance of
Shares or other payments in accordance with this Agreement, shall give the Grantee any right to be
retained in the employ of the Company, Lowerco or any of their Affiliates, affect the right of the
Company, Lowerco or any of their Affiliates to discharge or discipline the Grantee at any time, or
affect any right of the Grantee to terminate his or her Employment at any time.

15. Delay in Payments for Specified Employees. Notwithstanding anything in this
Agreement to the contrary, if the Grantee is a “specified employee” of a publicly traded
corporation under Section 409A of the Code at the time of separation from service and if payment of
any amount under this Agreement is required to be delayed for a period of six months after the
separation from service pursuant to Section 409A of the Code, payment of such amount shall be
delayed as required by Section 409A of the Code, and the accumulated postponed amount shall be paid
in a lump sum payment within 10 days after the end of the six-month period. If the Grantee dies
during the postponement period prior to the payment of postponed amount, the accumulated postponed
amount shall be paid to the personal representative of the Grantee’s estate within 60 days after
the date of the Grantee’s death.

16. Section 409A. It is intended that the Stock Units awarded hereunder shall comply
with the requirements of Section 409A of the Code (and any regulations and guidelines issued
thereunder), and this Agreement shall be interpreted on a basis consistent with such intent. Each
payment under this Agreement is considered a separate payment for purposes of Section 409A of the
Code. As provided under Section 409A, if calculation of the amount of a payment is not
administratively practicable due to events beyond the control of the Grantee, the payment will be
treated as made upon the date specified hereunder if the payment is made during the first calendar
year in which calculation of the amount of the payment is administratively practicable. This
Agreement may be amended without the consent of the Grantee in any respect deemed by the Committee
to be necessary in order to preserve compliance with Section 409A of the Code.

17. Governing Law. This Agreement and all claims arising out of or based upon this
Agreement or relating to the subject matter hereof shall be governed by and construed in accordance
with the domestic substantive laws of the State of Delaware without giving effect to any choice or
conflict of laws provision or rule that would cause the application of the domestic substantive
laws of any other jurisdiction.

18. Amendment. In addition to the authority to make adjustments pursuant to Section
7(b) of the Plan, the Administrator may modify the terms of the Award as the Administrator deems
appropriate, in good faith, to take account of a change in circumstances occasioned by a stock
dividend or other similar distribution (whether in the form of stock, other securities or other
property), stock split or combination of shares (including a reverse stock split),
recapitalization, conversion, reorganization, consolidation, split-up, spin-off, combination,
merger, exchange of stock, redemption or repurchase of all or part of the shares of any class of
stock or any change in
the capital structure of the Company or an Affiliate or other transaction or event, including
the power to adjust the performance goals that are affected by such a transaction.

[SIGNATURE PAGE FOLLOWS]

 

-7-

 

By acceptance of the Stock Units, the undersigned agrees hereby to become a party to, and be bound
by the terms of, the Stockholders Agreement as a “Manager” as defined therein.

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp. and	 	SUNGARD CAPITAL CORP.	 	 
	SunGard Capital Corp. II	 	SUNGARD CAPITAL CORP. II	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Grantee

I acknowledge that I have received a copy of this Agreement and certain related information,
and that I have read and understood these documents. I accept and agree to all of the provisions
of this Agreement.

	 	 	 	 	 
	 

	 	 

Grantee
	 	 

 

-8-

 

Schedule A

Vesting Schedule

	(1)	 	With respect to the 2010 calendar year, the Stock Units shall be earned to the extent
that the Base Case for such calendar year is achieved during such period as follows, and the
portion of the Stock Units that is earned for such calendar year shall vest in accordance with
the vesting schedule set forth in paragraph (2) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, none of the Stock Units will earned at the end of that year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Stock Units that will be earned for the calendar year
will be determined by interpolation at the linear rate of 1/78.32 of the Stock Units per
one percentage point of Actual Internal EBITA (rounded to the nearest .0001 of a Share);

	 	(c)	 	If Actual Internal EBITA for such calendar year is above 100% but not greater than
106.25% of the Base Case for that year, the Stock Units that will be earned for the
calendar year will be the sum of (i) the number of Stock Units calculated in accordance
with paragraph (b) above and (ii) the number of Stock Units determined by interpolation at
the linear rate of 1/249.51 of the Stock Units per one percentage point of Actual Internal
EBITA in excess of 100% (rounded to the nearest .0001 of a Stock Unit); and

	 	(d)	 	If Actual Internal EBITA for such calendar year is greater than 106.25% of the Base
Case for that year, no further Stock Units shall be earned other than provided above until
Actual Internal EBITA for such calendar year is equal to or greater than 100% of the
Original Base Case (as defined below), at which point the Stock Units shall be earned as
follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number Stock Units that will be
earned for the calendar year will be the sum of (x) the number of Stock Units
calculated in accordance with paragraph (c) above and (y) an amount determined by
interpolation at the linear rate of 1/56.25 of the Stock Units per one percentage
point of Actual Internal EBITA (rounded to the nearest .0001 of a Stock Units
between 100% and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, 1/5 of the Stock Units shall
be earned (rounded to the nearest .0001 of a Stock Unit) at the end of that year.

	(2)	 	With respect to the 2010 calendar year, the Stock Units shall vest and be exercisable
with respect to 25% of the total number of Stock Units earned under paragraph (1) above at the
end of such calendar year (“Initial Vesting Date”); and the remaining 75% of the total
number of Stock Units earned for such calendar year shall vest and be exercisable in equal
monthly installments over the 36 months following the Initial Vesting Date starting with the
first monthly anniversary of the Initial Vesting Date. All vesting shall be conditioned on
continued service with the Company through the applicable vesting date.

	(3)	 	With respect to each of the calendar years in the Performance Period after 2010, the
Stock Units shall be exercisable to the extent that the Base Case is achieved during such
period as follows, and the portion of the Stock Units that is earned for such calendar year
shall vest in accordance with the vesting schedule set forth in paragraph (4) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, none of the Stock Units will be earned at the end of that year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Stock Units that vest and become exercisable at the end
of that year will be determined by interpolation at the linear rate of 1/56.25 of the
Stock Units per one percentage point of Actual Internal EBITA (rounded to the nearest

..0001 of a Stock Unit); and

 

 

 

	 	(c)	 	If Actual Internal EBITA for such calendar year is greater than 100% of the Base Case
for that year, then no further Stock Units shall be earned other than provided above until
Actual
Internal EBITA for such calendar year is equal to or greater than 100% of the Original
Base Case (as defined below) for that year, at which point the Stock Units shall be
earned as follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number of Stock Units that will
be earned for the calendar year will be the sum of (x) the number of Stock Units
calculated in accordance with paragraph (b) above and (y) an amount determined by
interpolation at the linear rate of 1/56.25 of the Units per one percentage point of
Actual Internal EBITA (rounded to the nearest .0001 of a Stock Unit) between 100%
and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, 1/5 of the Stock Units shall
be earned (rounded to the nearest .0001 of a Stock Unit) at the end of that year.

	(4)	 	With respect to each of the calendar years in the Performance Period after 2010, the
Stock Units shall vest as of the end of the applicable calendar year, to the extent earned,
and subject to the other terms of the Agreement.

For purposes of this Vesting Schedule:

“Performance Period” means the five-year period beginning on January 1, 2010.

“Actual Internal EBITA” means the Company’s actual earnings before interest, taxes and
amortization for a year, determined based on the Company’s audited financials. Actual Internal
EBITA shall not be reduced by costs of the acquisition of the Company by the Investors or the
Company’s proposed spin-off of its availability services business or related items, management and
transaction fees payable to the Investors or their affiliates, extraordinary items (as determined
by the Compensation Committee in consultation with the CEO) or non-cash equity incentive expenses.
Actual Internal EBITA shall be calculated without giving effect to purchase accounting and shall be
adjusted in good faith by the Compensation Committee in consultation with the CEO to reflect the
consequences of acquisitions and dispositions. Unless otherwise determined by the Board or
Compensation Committee and agreed to by the CEO, the adjustment for acquisitions and dispositions
shall be based on a cost of funds used for acquisitions and released by dispositions at a rate of
11%, compounded at the rate of 7.5% per annum, provided that transactions with a purchase price in
excess of $50 million may merit an alternative adjustment, in which case the rate will be as
mutually agreed by the CEO and the Board or Compensation Committee. Actual Internal EBITA targets
shall be appropriately adjusted by the Compensation Committee in consultation with the CEO in case
of changes in GAAP promulgated by FASB or the SEC or changes in depreciation methodology.

“Base Case” means the Actual Internal EBITA targets for the Company during each calendar year
in the Performance Period, as follows: the Company’s final consolidated budgeted EBITA, as
approved by the Board or Compensation Committee and as appears in the Company’s operating budget
for each of the applicable calendar years in the Performance Period.

“Original Base Case” means the Actual Internal EBITA targets for the Company during each
calendar year in the Performance Period, as originally determined for the applicable calendar years
as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Original Base Case	 	2010	 	 	2011	 	 	2012	 	 	2013	 	 	2014	 
	 
	Actual Internal
EBITA (in millions)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

 

Exhibit A

Restrictive Covenants

1. The Grantee will not render services for any organization or engage directly or indirectly
in any business which, in the judgment and sole determination of the Chief Executive Officer of the
Company or another senior officer designated by the Committee, is or becomes competitive with the
Company, or which organization or business, or the rendering of services to such organization or
business, is or becomes otherwise prejudicial to or in conflict with the interests of the Company.
If the Grantee’s employment or other service with the Company has terminated, the judgment of the
Chief Executive Officer or other designated officer will be based on the Grantee’s position and
responsibilities while employed by the Company, the Grantee’s post-employment responsibilities and
position with the other organization or business, the extent of past, current and potential
competition or conflict between the Company and the other organization or business, the effect on
the Company’s customers, suppliers, employees and competitors of the Grantee’s assuming the
post-employment position and such other considerations as are deemed relevant given the applicable
facts and circumstances.

2. The Grantee will not disclose to anyone outside the Company, or use other than in the
Company’s business, any confidential or proprietary information or material relating to the
business of the Company, acquired by the Grantee either during or after employment with the
Company. The Grantee understands that the Company’s proprietary and confidential information
includes, by way of example: (a) the identity of customers and prospects, their specific
requirements, and the names, addresses and telephone numbers of individual contacts; (b) prices,
renewal dates and other detailed terms of customer and supplier contracts and proposals; (c)
pricing policies, information about costs, profits and sales, methods of delivering software and
services, marketing and sales strategies, and software and service development strategies; (d)
source code, object code, specifications, user manuals, technical manuals and other documentation
for software products; (e) screen designs, report designs and other designs, concepts and visual
expressions for software products; (f) employment and payroll records; (g) forecasts, budgets,
acquisition models and other non-public financial information; and (h) expansion plans, business or
development plans, management policies, information about possible acquisitions or divestitures,
potential new products, markets or market extensions, and other business and acquisition strategies
and policies.

3. The Grantee will promptly communicate to the Company, in writing, all marketing strategies,
product ideas, software designs and concepts, software enhancement and improvement ideas, and other
ideas and inventions (collectively, “works and ideas”) pertaining to the Company’s business,
whether or not patentable or copyrightable, that are made, written, developed, or conceived by the
Grantee, alone or with others, at any time (during or after business hours) while the Grantee is
employed by the Company or during the three months after the Grantee’s employment terminates. The
Grantee understands that all of those works and ideas will be the Company’s exclusive property, and
by accepting the Stock Units the Grantee assigns and agrees to assign all the Grantee’s right,
title and interest in those works and ideas to the Company. The Grantee will sign all documents
which the Company deems necessary to confirm its ownership of those works and ideas, and the
Grantee will cooperate fully with the Company to allow the Company to take full advantage of those
works and ideas, including the securing of patent and/or copyright protection and/or other similar
rights in the United States and in foreign countries.

4. The Grantee will not solicit or contact at any time, directly or through others, for the
purpose or with the effect of competing or interfering with or harming any part of the Company’s
business: (a) any customer or acquisition target under contract with the Company at any time
during the last two years of the Grantee’s employment with the Company; (b) any prospective
customer or acquisition target that received or requested a proposal, offer or letter of intent
from the Company at any time during the last two years of the Grantee’s employment with the
Company; (c) any affiliate of any such customer or prospect; (d) any of the individual contacts
established by the Company or the Grantee or others at the Company during the period of the
Grantee’s employment with the Company; or (e) any
individual who is an employee or independent contractor of the Company at the time of the
solicitation or contact or who has been an employee or independent contractor within three months
before such solicitation or contact.

 

 

 

	 	 	 
	 

	 	Name: Template
	 

	 	Number of Stock Units: Template
	 

	 	Date of Grant:

SunGard Capital Corp. and SunGard Capital Corp. II

Management Performance-Based Restricted Stock Unit Agreement

THIS AWARD AND ANY SECURITIES ISSUED UPON THE PAYMENT OF THIS RESTRICTED STOCK UNIT
AWARD ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND REQUIREMENTS OF SALE AND
OTHER PROVISIONS AS SET FORTH IN THE STOCKHOLDERS AGREEMENT AMONG SUNGARD CAPITAL CORP.,
SUNGARD CAPITAL CORP. II, SUNGARD HOLDING CORP., SOLAR CAPITAL CORP. AND CERTAIN
STOCKHOLDERS OF SUNGARD CAPITAL CORP. AND SUNGARD CAPITAL CORP. II, DATED AS OF
AUGUST 10, 2005 (AS IN EFFECT FROM TIME TO TIME, THE “STOCKHOLDERS AGREEMENT”).

SUNGARD CAPITAL CORP. AND SUNGARD CAPITAL CORP. II STRONGLY ENCOURAGE YOU TO SEEK THE ADVICE
OF YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO YOUR AWARD AND ITS TAX CONSEQUENCES.

This agreement (the “Agreement”) evidences Restricted Stock Units granted by SunGard
Capital Corp., a Delaware corporation (the “Company”), and SunGard Capital Corp. II, a
Delaware corporation (“Lowerco” and together with the Company, the “Companies”), to
the undersigned (the “Grantee”), pursuant to, and subject to the terms of, the SunGard 2005
Management Incentive Plan (as amended from time to time, the “Plan”) which is incorporated
herein by reference and of which the Grantee hereby acknowledges receipt.

1. Grant of Restricted Stock Units. The Company and Lowerco (as applicable) grant to
the Grantee, as of the above Date of Grant, Restricted Stock Units for the number of Stock Units
stated above (the “Stock Units”), on the terms provided herein and in the Plan. The Stock
Units represent a conditional right to receive Units (as defined below) consisting of Class A
Common shares, Class L Common shares and Lowerco Preferred shares (the “Shares”). The
Stock Units evidenced by this Agreement are granted to the Grantee in an Employment capacity as an
Employee.

2. Stock Unit Account. The Company shall establish and maintain a Stock Unit account
(the “Account”) as a bookkeeping account on its records for the Grantee and shall record in
the Account the number of Stock Units awarded to the Grantee. No Shares shall be issued to the
Grantee at the time the Award is made, and the Grantee shall not be, nor have any of the rights or
privileges of, a shareholder of the Companies with respect to any Stock Units recorded in the
Account or amounts credited to the Account pursuant to Section 8. The Grantee shall not have any
interest in any fund or specific assets of the Companies by reason of this Award or the Account
established for the Grantee.

May 2010 Form  International

 

 

 

3. Meaning of Certain Terms. Except as otherwise defined herein, all capitalized
terms used in this Agreement shall have the same meaning as in the Plan. The terms “Change of

Control,” “Disability” and “Fair Market Value” shall have the same
meaning as set forth in the Stockholders Agreement and without regard to any subsequent amendment
thereof. The term “Performance Period” is defined in Schedule A. The following terms
shall have the following meanings:

	 	(a)	 	“Adjustment Event” means (i) a cash distribution with respect to Shares
paid to all or substantially all holders of Shares, other than cash dividends in
respect of Shares declared by the Board as part of a regular dividend payment practice
or stated cash dividend policy of the Company following an IPO, or (ii) a substantially
pro rata redemption or substantially pro rata repurchase (in each case, as applicable,
by the Company, Lowerco or any of their subsidiaries) of all or part of any class of
Shares;
	 
	 	(b)	 	“CEO” means the Chief Executive Officer of the Company.

	 	(c)	 	“Date of Termination” means the date that the termination of the
Grantee’s Employment with Employer is effective on account of the Grantee’s death, the
Grantee’s Disability, termination by Employer for Cause or without Cause, or by the
Grantee, as the case may be;

	 	(d)	 	“Employer” means the Company or, as the case may be, its Affiliate with
whom the Grantee has entered into an Employment relationship;

	 	(e)	 	“Investors” means investment funds advised by Silver Lake Partners,
Bain Capital, The Blackstone Group, Goldman, Sachs & Co., Kohlberg Kravis Roberts,
Providence Equity Partners and Texas Pacific Group that own capital stock of the
Company;

	 	(f)	 	“Restrictive Covenant” means any of the restrictive covenants set forth
in Exhibit A, which is incorporated herein by reference;

	 	(g)	 	“Tax” or “Taxes” means any income tax, social insurance, payroll tax,
contributions, payment on account obligations or other payments;

	 	(h)	 	“Unit” means an undivided interest in 1.3 Class A shares, 0.1444 Class
L shares and 0.05 Lowerco Preferred shares, determined at the Date of Grant, as it may
be adjusted as provided herein;

	 	(i)	 	“Vest on a Pro Rata Basis” means that the vesting of the Grantee’s
Stock Units shall continue through the end of the Year of Termination (but not
thereafter), provided that only a portion of the Stock Units that otherwise would have
vested at the end of such year shall vest, such portion being determined by multiplying
(i) the number of Stock Units subject to this Restricted Stock Unit Agreement that
otherwise would have vested at the end of such year based upon attainment of
pre-determined performance goals, by (ii) (A) the number of days in which the Grantee
was employed by Employer during the Year of Termination divided by (B) 365 (rounded to
the nearest whole number of Stock Units);

 

-2-

 

Notwithstanding the foregoing, with respect to the Grantee’s termination of
Employment described in Section 4(a) during the 2009 or 2010 calendar year, “Vest on
a Pro Rata Basis” means that the Grantee’s Stock Units shall continue to be earned
through the end of the Year of Termination (but not thereafter), provided that only
a portion of the Stock Units subject to this Restricted Stock Unit Agreement that
otherwise would have been earned at the end of such year shall be earned as of the
end of the calendar year, such portion being determined by multiplying (i) the
number of Stock Units that otherwise would have been earned at the end of such
calendar year based upon attainment of pre-determined performance goals, by (ii) (A)
the number of days in which the Grantee was employed by Employer during the Year of
Termination divided by (B) 365 (rounded to the nearest whole number of Stock Units);
and the Stock Units that are earned for the Year of Termination as described in this
paragraph shall vest as of the last day of the Year of Termination pursuant to
Section 4(a); and

	 	(j)	 	“Year of Termination” means the fiscal year for the applicable
Performance Period during which the Grantee’s Date of Termination occurs.

As used herein with respect to the Stock Units, the Stock Units shall be earned based on
performance and shall vest based on Section 4 below, and the term “vest” means that the
restrictions on the right to receive payment pursuant to the Stock Units lapse in whole or in
specified part

4. Vesting of Stock Units. The Stock Units shall be subject to forfeiture until the
Stock Units vest. The Stock Units shall vest, in accordance with Schedule A, based on the
Grantee’s continued Employment; provided, however, that:

	 	(a)	 	if the Grantee’s Employment terminates as a result of (i) termination of the
Grantee by Employer without Cause or (ii) the Grantee’s Disability or death, then the
Stock Units shall Vest on a Pro Rata Basis, and any unvested Stock Units that were
earned for the 2009 or 2010 calendar year shall become fully vested as of the Date of
Termination;

	 	(b)	 	if the Grantee’s Employment terminates as a result of resignation by the
Grantee, then the Stock Units shall be deemed to have stopped vesting as of the
beginning of the year containing the Date of Termination of the Grantee’s Employment;
provided, however, Stock Units that were earned in 2009 or 2010 shall be deemed to have
stopped vesting as of the Date of Termination of the Grantee’s Employment and no Stock
Units shall be earned for the calendar year in which the Date of Termination occurs;

	 	(c)	 	if the Grantee’s Employment terminates as a result of termination by Employer
for Cause, then the Stock Units will be immediately forfeited by the Grantee and
terminate as of the Date of Termination; and

	 	(d)	 	upon a Change of Control during the Performance Period, the Compensation
Committee of the Board and the CEO will determine in mutual consultation the effect of
such Change of Control on the Stock Units, which shall be treated in a
manner they jointly consider equitable under the circumstances; provided that in the
event of a Change of Control after the 2009 or 2010 calendar year, any Stock Units
that were earned with respect to the 2009 or 2010 calendar year and that have not
yet vested shall vest in full upon the Change of Control.

 

-3-

 

5. Payment of Stock Units. The Grantee’s vested Stock Units shall be paid in Shares
upon the first to occur of (i) a Change of Control that meets the requirements of a “change in
control event” under Section 409A of the Code, (ii) the Grantee’s separation from service without
Cause, or (iii) the date that is five years after the Date of Grant. If a Change of Control occurs
before the Stock Units are fully vested, any Stock Units that subsequently vest shall be paid upon
the first to occur of (i) the Grantee’s separation from service without Cause or (ii) the date that
is five years after the Date of Grant. Notwithstanding the foregoing, all distributions of Shares
under this Agreement upon separation from service shall only be made upon the Grantee’s “separation
from service” within the meaning of Section 409A of the Code and a distribution shall be made at a
time and in a manner consistent with Section 409A. Subject to Section 20, when the vested Stock
Units become payable, the Company will issue to the Grantee Shares representing the Units
underlying the vested Stock Units, subject to satisfaction of the Grantee’s Tax withholding
obligations as described below, within 30 business days after the payment event.

6. Certain Calls and Puts. The Stock Units granted hereunder and the related Shares
are subject to the call and put rights contained in Section 6 of the Stockholders Agreement, except
that such put rights shall be granted only if and to the extent permitted by the Code (including
Section 409A thereof); provided, however, that the call rights contained in Section 6 of the
Stockholders Agreement shall not apply in the event of a termination resulting from Disability or
death.

7. Share Restrictions, etc. Except as expressly provided herein, the Grantee’s rights
hereunder and with respect to Shares received upon payment in accordance with Section 5 herein are
subject to the restrictions and other provisions contained in the Stockholders Agreement.

8. Distributions, Redemptions, etc.

	 	(a)	 	Upon the occurrence of an Adjustment Event, there shall be credited to the
Account an amount equal to the product of (i) the per-Share amount paid with respect to
Shares underlying the Stock Unit in connection with the Adjustment Event, multiplied by
(ii) the number of Shares of the class of stock affected by the Adjustment Event that
are included in each Unit immediately prior to the Adjustment Event, multiplied by
(iii) the number of Units underlying the Grantee’s Stock Units pursuant to this Award.

	 	(b)	 	If any other cash dividend or distribution is paid with respect to Shares
underlying the Stock Units, there shall be credited to the Account an amount equal to
the product of (i) the per-Share amount paid with respect to Shares underlying the
Stock Units, multiplied by (ii) the number of Shares of the applicable class of stock
that are included in each Unit, multiplied by (iii) the number of Units underlying the
Grantee’s Stock Units pursuant to this Award.

	 	(c)	 	The amount credited to the Account pursuant to this Section 8 with respect to
Stock Units is referred to as the “Bonus Value.” The Bonus Value shall vest on the
same terms as the Stock Units to which it relates, as set forth in this Agreement, and
the vested Bonus Value shall be paid to the Grantee at the same time as the vested
Stock Units are paid pursuant to Section 5 herein, consistent with Section 409A of the
Code.

 

-4-

 

	 	(d)	 	In the case of a redemption or repurchase of Shares, the number of Shares of
the class of stock redeemed or repurchased that are subject to outstanding Stock Units
will be automatically reduced by an amount proportionate to the percentage reduction in
outstanding Shares of the affected class resulting from the redemption or repurchase.
The Grantee shall be entitled to receive any information reasonably requested regarding
the composition of a Unit, as adjusted in accordance with this Section 8.

9. Forfeiture. Upon delivery of Shares pursuant to the Stock Units, the Grantee shall
certify on a form acceptable to the Committee that the Grantee is in compliance with the
Restrictive Covenants and all other agreements between the Grantee and the Company or any of its
Affiliates. If the Company determines that the Grantee is not in compliance with one or more of
the Restrictive Covenants or with the provisions of any agreement between the Grantee and the
Company or any of its Affiliates, and such non-compliance has not been authorized in advance in a
specific written waiver from the Company or the applicable party, the Committee may cancel any
unpaid Stock Units. The Company shall also have the following (and only the following) additional
remedies:

	 	(a)	 	During the six months after any delivery of Shares pursuant to the Stock Units,
such delivery may be rescinded at the Company’s option if the Grantee fails to comply
in any material respect with the terms of the Restrictive Covenants or of any other
agreement with the Company or any of its affiliates or if the Grantee breaches any duty
to the Company or any of its Affiliates. The Company shall notify the Grantee in
writing of any such rescission within one year after such delivery. Within ten days
after receiving such a notice from the Company, the Grantee shall remit or deliver to
the Company (i) the amount of any gain realized upon the sale of any Shares, (ii) any
consideration received upon the exchange of any Shares (or to the extent that such
consideration was not received in the form of cash, the cash equivalent thereof valued
at the time of the exchange), and (iii) the number of Shares received in connection
with the rescinded delivery.

	 	(b)	 	The Company shall have the right to offset, against any Shares and any cash
amounts due to the Grantee under or by reason of the Grantee’s holding the Stock Units,
any amounts to which the Company is entitled as a result of the Grantee’s violation of
the terms of the Restrictive Covenants or of any other agreement with the Company or
any of its affiliates or the Grantee’s breach of any duty to the Company or any of its
Affiliates; provided, however, that no offset shall accelerate or defer the
distribution date of amounts payable under this Agreement in violation of Section 409A
of the Code, and any offset in violation of Section 409A shall be null and void.
Accordingly, the Grantee acknowledges that (i) the Company may withhold delivery of
Shares, (ii) the Company may place the
proceeds of any sale or other disposition of Shares in an escrow account of the
Company’s choosing pending resolution of any dispute with the Company, and (iii) the
Company has no liability for any attendant market risk caused by any such
withholding, or escrow, subject, however, to compliance with the requirements of
Section 409A of the Code.

 

-5-

 

The Grantee acknowledges and agrees that the calculation of damages from a breach of any of the
Restrictive Covenants or of any other agreement with the Company or any of its Affiliates or of any
duty to the Company or any of its Affiliates would be difficult to calculate accurately and that
the right to offset or other remedy provided for herein is reasonable and not a penalty. The
Grantee further agrees not to challenge the reasonableness of such provisions even where the
Company rescinds, delays, withholds or escrows Shares or proceeds or uses those Shares or proceeds
as a setoff.

10. Legends, etc. Shares issued upon the lapse of any restrictions on the Stock Units
shall bear such legends as may be required or provided for under the terms of the Stockholders
Agreement.

11. Transfer of Stock Units. The Stock Units may only be transferred by the laws of
descent and distribution, or to a legal representative in the event of the Grantee’s incapacity.

12. Withholding. The payment of the Shares and other amounts in accordance with this
Agreement will give rise to compensation income which may be subject to withholding. The Grantee
expressly acknowledges and agrees that the Grantee’s rights hereunder, including the right to be
issued Shares in accordance with Section 5 herein and paid cash in accordance with Section 8
hereof, are subject to the Grantee promptly paying to the Companies in cash or by Share withholding
as described below (or by such other means as may be acceptable to the Administrator in its
discretion) all Taxes required to be withheld. The Grantee also authorizes the Companies and their
subsidiaries to withhold such amount from any amounts otherwise owed to the Grantee. Unless the
Grantee elects otherwise in a time and manner specified by the Company, any tax withholding
obligation with respect to the payment of Shares shall be satisfied by having Shares withheld up to
an amount that does not exceed the minimum applicable withholding Tax. In addition, the Companies
may require the Grantee to pay any taxes or other amounts required to be paid by the Companies or
any Affiliate with respect to the grant or vesting of the Stock Units or the payment of the Shares.
Any such taxes or amounts must be paid at such time and in such form as determined by the
Companies.

13. Grant Subject to Plan Provisions. This Award is made pursuant to the Plan, the
terms of which are incorporated herein by reference, and in all respects shall be interpreted in
accordance with the Plan. The Award and payment of the Stock Units are subject to interpretations,
regulations and determinations concerning the Plan established from time to time by the
Administrator in accordance with the provisions of the Plan, including, but not limited to,
provisions pertaining to (i) the registration, qualification or listing of the shares issued under
the Plan, (ii) changes in capitalization and (iii) other requirements of applicable law. The
Administrator shall have the authority to interpret and construe the Stock Units pursuant to the
terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder.

 

-6-

 

14. Effect on Employment. Neither the grant of the Stock Units, nor the issuance of
Shares or other payments in accordance with this Agreement, shall give the Grantee any right to be
retained in the employ of the Company, Lowerco or any of their Affiliates, affect the right of the
Company, Lowerco or any of their Affiliates to discharge or discipline the Grantee at any time, or
affect any right of the Grantee to terminate his or her Employment at any time, subject to
applicable local law and the terms of any employment agreement.

15. Delay in Payments for Specified Employees. Notwithstanding anything in this
Agreement to the contrary, if the Grantee is a “specified employee” of a publicly traded
corporation under Section 409A of the Code at the time of separation from service and if payment of
any amount under this Agreement is required to be delayed for a period of six months after the
separation from service pursuant to Section 409A of the Code, payment of such amount shall be
delayed as required by Section 409A of the Code, and the accumulated postponed amount shall be paid
in a lump sum payment within 10 days after the end of the six-month period. If the Grantee dies
during the postponement period prior to the payment of postponed amount, the accumulated postponed
amount shall be paid to the personal representative of the Grantee’s estate within 60 days after
the date of the Grantee’s death.

16. Section 409A. It is intended that the Stock Units awarded hereunder shall comply
with the requirements of Section 409A of the Code (and any regulations and guidelines issued
thereunder), and this Agreement shall be interpreted on a basis consistent with such intent. Each
payment under this Agreement is considered a separate payment for purposes of Section 409A of the
Code. As provided under Section 409A, if calculation of the amount of a payment is not
administratively practicable due to events beyond the control of the Grantee, the payment will be
treated as made upon the date specified hereunder if the payment is made during the first calendar
year in which calculation of the amount of the payment is administratively practicable. This
Agreement may be amended without the consent of the Grantee in any respect deemed by the Committee
to be necessary in order to preserve compliance with Section 409A of the Code.

17. Nature of Grant; No Entitlement; No Claim for Compensation. Grantee, in accepting
the Stock Units, represents and acknowledges that Grantee’s participation in the Plan is voluntary;
that participation in the Plan is discretionary and does not form any part of Grantee’s contract of
employment, if any, with the Company or any of its subsidiaries; and that Grantee has not been
induced to participate in the Plan by any expectation of employment or continued employment with
the Company or any of its subsidiaries. Grantee furthermore understands and acknowledges that the
grant of the Stock Units is discretionary and a one-time occurrence, does not constitute any
portion of Grantee’s regular remuneration and is not intended to be taken into account in
calculating service-related benefits, and bears no guarantee or implication that any additional
grant will be made in the future. In consideration of the grant of the Stock Units, no claim or
entitlement to compensation or damages shall arise from forfeiture of the Stock Units or diminution
in value of the Stock Units or any of the Shares issuable under the Stock Units from termination of
Grantee’s employment by the Company or his or her employer, as applicable (and for any reason
whatsoever and whether or not in breach of contract or local labor laws), and Grantee irrevocably
release his or her employer, the Company and its subsidiaries, as applicable, from any such claim
that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent
jurisdiction to have arisen, then, by signing this Agreement, Grantee shall be deemed to have
irrevocably waived Grantee’s entitlement to pursue such claim.

 

-7-

 

18. Personal Data. Grantee understands and acknowledges that in order to perform its
obligations under the Plan, the Company and its subsidiaries may process personal data and/or
sensitive personal data relating to Grantee. Such data includes but is not limited to the
information provided in this Agreement and any changes thereto, other personal and financial data
relating to Grantee (including, without limitation, Grantee’s address and telephone number, date of
birth, social insurance number or other identification number, salary, nationality, job title), and
information about Grantee’s participation in the Plan and the Shares acquired from time to time
pursuant to the Plan. Grantee, in accepting the Stock Units, gives his or her explicit and
voluntary consent to the Company and its subsidiaries to collect, use and process any such personal
data and/or sensitive personal data (in electronic or other form). Grantee also hereby gives his
or her explicit and voluntary consent to the Company and its subsidiaries to transfer any such
personal data and/or sensitive personal data (in electronic or other form) outside the country in
which Grantee works or is employed. The legal persons for whom Grantee’s personal data are
intended include the Company and any of its subsidiaries, any outside plan administrator or service
provider selected by the Company or any of its subsidiaries from time to time, and any other person
that the Administrator may find in its administration of the Plan to be appropriate; such
recipients may be located in countries that have different data privacy laws and protections than
Grantee’s country. Grantee hereby acknowledges that he or she has been informed of his or her
right of access and correction to his or her personal data by contacting his or her local human
resources representative. Grantee understands that the transfer of the information described
herein is important to the administration of the Plan and that failure to consent to the
transmission of such information may limit or prohibit his or her participation in the Plan.

19. Governing Law. This Agreement and all claims arising out of or based upon this
Agreement or relating to the subject matter hereof shall be governed by and construed in accordance
with the domestic substantive laws of the State of Delaware without giving effect to any choice or
conflict of laws provision or rule that would cause the application of the domestic substantive
laws of any other jurisdiction.

20. Compliance with Laws and Regulations. The issuance of Shares pursuant to the
vested Stock Units shall be subject to compliance by the Companies and the Grantee with all
applicable requirements of law relating thereto (including, without limitation, foreign securities
and exchange control requirements). The inability of the Companies to lawfully issue Shares or the
inability of the Companies and/or the Grantee to obtain approval from any regulatory body having
authority deemed by the Companies to be necessary to the lawful issuance of any Shares hereby shall
relieve the Companies of any liability with respect to the non-issuance of the Shares.

21. Amendment. In addition to the authority to make adjustments pursuant to Section
7(b) of the Plan, the Administrator may modify the terms of the Award as the Administrator deems
appropriate, in good faith, to take account of a change in circumstances occasioned by a stock
dividend or other similar distribution (whether in the form of stock, other securities or other
property), stock split or combination of shares (including a reverse stock split),
recapitalization, conversion, reorganization, consolidation, split-up, spin-off, combination,
merger, exchange of stock, redemption or repurchase of all or part of the shares of any class of
stock or any change in the capital structure of the Company or an Affiliate or other transaction or
event, including the power to adjust the performance goals that are affected by such a transaction.

[SIGNATURE PAGE FOLLOWS]

 

-8-

 

By acceptance of the Stock Units, the undersigned agrees hereby to become a party to, and be
bound by the terms of, the Stockholders Agreement as a “Manager” as defined therein.

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp. and	 	SUNGARD CAPITAL CORP.	 	 
	SunGard Capital Corp. II	 	SUNGARD CAPITAL CORP. II	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Grantee

I acknowledge that I have received a copy of this Agreement and certain related information,
and that I have read and understood these documents. I accept and agree to all of the provisions
of this Agreement.

	 	 	 	 	 
	 

	 	 

Template
	 	 

 

-9-

 

Schedule A

Vesting Schedule

	(1)	 	With respect to the 2010 calendar year, the Stock Units shall be earned to the extent
that the Base Case for such calendar year is achieved during such period as follows, and the
portion of the Stock Units that is earned for such calendar year shall vest in accordance with
the vesting schedule set forth in paragraph (2) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, none of the Stock Units will earned at the end of that year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Stock Units that will be earned for the calendar year
will be determined by interpolation at the linear rate of 1/78.32 of the Stock Units per
one percentage point of Actual Internal EBITA (rounded to the nearest .0001 of a Share);

	 	(c)	 	If Actual Internal EBITA for such calendar year is above 100% but not greater than
106.25% of the Base Case for that year, the Stock Units that will be earned for the
calendar year will be the sum of (i) the number of Stock Units calculated in accordance
with paragraph (b) above and (ii) the number of Stock Units determined by interpolation at
the linear rate of 1/249.51 of the Stock Units per one percentage point of Actual Internal
EBITA in excess of 100% (rounded to the nearest .0001 of a Stock Unit); and

	 	(d)	 	If Actual Internal EBITA for such calendar year is greater than 106.25% of the Base
Case for that year, no further Stock Units shall be earned other than provided above until
Actual Internal EBITA for such calendar year is equal to or greater than 100% of the
Original Base Case (as defined below), at which point the Stock Units shall be earned as
follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number Stock Units that will be
earned for the calendar year will be the sum of (x) the number of Stock Units
calculated in accordance with paragraph (c) above and (y) an amount determined by
interpolation at the linear rate of 1/56.25 of the Stock Units per one percentage
point of Actual Internal EBITA (rounded to the nearest .0001 of a Stock Units
between 100% and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, 1/5 of the Stock Units shall
be earned (rounded to the nearest .0001 of a Stock Unit) at the end of that year.

	(2)	 	With respect to the 2010 calendar year, the Stock Units shall vest and be exercisable
with respect to 25% of the total number of Stock Units earned under paragraph (1) above at the
end of such calendar year (“Initial Vesting Date”); and the remaining 75% of the total
number of Stock Units earned for such calendar year shall vest and be exercisable in equal
monthly installments over the 36 months following the Initial Vesting Date starting with the
first monthly anniversary of the Initial Vesting Date. All vesting shall be conditioned on
continued service with the Company through the applicable vesting date.

	(3)	 	With respect to each of the calendar years in the Performance Period after 2010, the
Stock Units shall be exercisable to the extent that the Base Case is achieved during such
period as follows, and the portion of the Stock Units that is earned for such calendar year
shall vest in accordance with the vesting schedule set forth in paragraph (4) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, none of the Stock Units will be earned at the end of that year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Stock Units that vest and become exercisable at the end
of that year will be determined by interpolation at the linear rate of 1/56.25 of the
Stock Units per one percentage point of Actual Internal EBITA (rounded to the nearest

..0001 of a Stock Unit); and

 

 

 

	 	(c)	 	If Actual Internal EBITA for such calendar year is greater than 100% of the Base Case
for that year, then no further Stock Units shall be earned other than provided above until
Actual Internal
EBITA for such calendar year is equal to or greater than 100% of the Original Base Case
(as defined below) for that year, at which point the Stock Units shall be earned as
follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number of Stock Units that will
be earned for the calendar year will be the sum of (x) the number of Stock Units
calculated in accordance with paragraph (b) above and (y) an amount determined by
interpolation at the linear rate of 1/56.25 of the Units per one percentage point of
Actual Internal EBITA (rounded to the nearest .0001 of a Stock Unit) between 100%
and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, 1/5 of the Stock Units shall
be earned (rounded to the nearest .0001 of a Stock Unit) at the end of that year.

	(4)	 	With respect to each of the calendar years in the Performance Period after 2010, the
Stock Units shall vest as of the end of the applicable calendar year, to the extent earned,
and subject to the other terms of the Agreement.

For purposes of this Vesting Schedule:

“Performance Period” means the five-year period beginning on January 1, 2010.

“Actual Internal EBITA” means the Company’s actual earnings before interest, taxes and
amortization for a year, determined based on the Company’s audited financials. Actual Internal
EBITA shall not be reduced by costs of the acquisition of the Company by the Investors or the
Company’s proposed spin-off of its availability services business or related items, management and
transaction fees payable to the Investors or their affiliates, extraordinary items (as determined
by the Compensation Committee in consultation with the CEO) or non-cash equity incentive expenses.
Actual Internal EBITA shall be calculated without giving effect to purchase accounting and shall be
adjusted in good faith by the Compensation Committee in consultation with the CEO to reflect the
consequences of acquisitions and dispositions. Unless otherwise determined by the Board or
Compensation Committee and agreed to by the CEO, the adjustment for acquisitions and dispositions
shall be based on a cost of funds used for acquisitions and released by dispositions at a rate of
11%, compounded at the rate of 7.5% per annum, provided that transactions with a purchase price in
excess of $50 million may merit an alternative adjustment, in which case the rate will be as
mutually agreed by the CEO and the Board or Compensation Committee. Actual Internal EBITA targets
shall be appropriately adjusted by the Compensation Committee in consultation with the CEO in case
of changes in GAAP promulgated by FASB or the SEC or changes in depreciation methodology.

“Base Case” means the Actual Internal EBITA targets for the Company during each calendar year
in the Performance Period, as follows: the Company’s final consolidated budgeted EBITA, as
approved by the Board or Compensation Committee and as appears in the Company’s operating budget
for each of the applicable calendar years in the Performance Period.

“Original Base Case” means the Actual Internal EBITA targets for the Company during each
calendar year in the Performance Period, as originally determined for the applicable calendar years
as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Original Base Case	 	2010	 	 	2011	 	 	2012	 	 	2013	 	 	2014	 
	 
	Actual Internal
EBITA (in millions)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

 

Exhibit A

Restrictive Covenants

1. The Grantee will not render services for any organization or engage directly or indirectly
in any business which, in the judgment and sole determination of the Chief Executive Officer of the
Company or another senior officer designated by the Committee, is or becomes competitive with the
Company, or which organization or business, or the rendering of services to such organization or
business, is or becomes otherwise prejudicial to or in conflict with the interests of the Company.
If the Grantee’s employment or other service with the Company has terminated, the judgment of the
Chief Executive Officer or other designated officer will be based on the Grantee’s position and
responsibilities while employed by the Company, the Grantee’s post-employment responsibilities and
position with the other organization or business, the extent of past, current and potential
competition or conflict between the Company and the other organization or business, the effect on
the Company’s customers, suppliers, employees and competitors of the Grantee’s assuming the
post-employment position and such other considerations as are deemed relevant given the applicable
facts and circumstances.

2. The Grantee will not disclose to anyone outside the Company, or use other than in the
Company’s business, any confidential or proprietary information or material relating to the
business of the Company, acquired by the Grantee either during or after employment with the
Company. The Grantee understands that the Company’s proprietary and confidential information
includes, by way of example: (a) the identity of customers and prospects, their specific
requirements, and the names, addresses and telephone numbers of individual contacts; (b) prices,
renewal dates and other detailed terms of customer and supplier contracts and proposals; (c)
pricing policies, information about costs, profits and sales, methods of delivering software and
services, marketing and sales strategies, and software and service development strategies; (d)
source code, object code, specifications, user manuals, technical manuals and other documentation
for software products; (e) screen designs, report designs and other designs, concepts and visual
expressions for software products; (f) employment and payroll records; (g) forecasts, budgets,
acquisition models and other non-public financial information; and (h) expansion plans, business or
development plans, management policies, information about possible acquisitions or divestitures,
potential new products, markets or market extensions, and other business and acquisition strategies
and policies.

3. The Grantee will promptly communicate to the Company, in writing, all marketing strategies,
product ideas, software designs and concepts, software enhancement and improvement ideas, and other
ideas and inventions (collectively, “works and ideas”) pertaining to the Company’s business,
whether or not patentable or copyrightable, that are made, written, developed, or conceived by the
Grantee, alone or with others, at any time (during or after business hours) while the Grantee is
employed by the Company or during the three months after the Grantee’s employment terminates. The
Grantee understands that all of those works and ideas will be the Company’s exclusive property, and
by accepting the Stock Units the Grantee assigns and agrees to assign all the Grantee’s right,
title and interest in those works and ideas to the Company. The Grantee will sign all documents
which the Company deems necessary to confirm its ownership of those works and ideas, and the
Grantee will cooperate fully with the Company to allow the Company to take full advantage of those
works and ideas, including the securing of patent and/or copyright protection and/or other similar
rights in the United States and in foreign countries.

4. The Grantee will not solicit or contact at any time, directly or through others, for the
purpose or with the effect of competing or interfering with or harming any part of the Company’s
business: (a) any customer or acquisition target under contract with the Company at any time
during the last two years of the Grantee’s employment with the Company; (b) any prospective
customer or acquisition target that received or requested a proposal, offer or letter of intent
from the Company at any time during the last two years of the Grantee’s employment with the
Company; (c) any affiliate of any such customer or prospect; (d) any of the individual contacts
established by the Company or the Grantee or others at the Company during the period of the
Grantee’s employment with the Company; or (e) any individual who is an employee or independent
contractor of the Company at the time of the solicitation or contact or who has been an employee or
independent contractor within three months before such solicitation or contact.

 

 

 

	 	 	 
	 

	 	Name:
	 

	 	Number of Stock Units:
	 

	 	Date of Grant:

SunGard Capital Corp. and SunGard Capital Corp. II

Management Performance-Based Restricted Stock Unit Agreement

THIS AWARD AND ANY SECURITIES ISSUED UPON THE PAYMENT OF THIS RESTRICTED STOCK UNIT AWARD ARE
SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND REQUIREMENTS OF SALE AND OTHER PROVISIONS AS SET
FORTH IN THE STOCKHOLDERS AGREEMENT AMONG SUNGARD CAPITAL CORP., SUNGARD CAPITAL CORP. II, SUNGARD
HOLDING CORP., SOLAR CAPITAL CORP. AND CERTAIN STOCKHOLDERS OF SUNGARD CAPITAL CORP. AND SUNGARD
CAPITAL CORP. II, DATED AS OF AUGUST 10, 2005 (AS IN EFFECT FROM TIME TO TIME, THE
“STOCKHOLDERS AGREEMENT”).

SUNGARD CAPITAL CORP. AND SUNGARD CAPITAL CORP. II STRONGLY ENCOURAGE YOU TO SEEK THE ADVICE OF
YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO YOUR AWARD AND ITS TAX CONSEQUENCES.

This agreement (the “Agreement”) evidences Restricted Stock Units granted by SunGard
Capital Corp., a Delaware corporation (the “Company”), and SunGard Capital Corp. II, a
Delaware corporation (“Lowerco” and together with the Company, the “Companies”), to
the undersigned (the “Grantee”), pursuant to, and subject to the terms of, the SunGard 2005
Management Incentive Plan (as amended from time to time, the “Plan”) which is incorporated
herein by reference and of which the Grantee hereby acknowledges receipt.

1. Grant of Restricted Stock Units. The Company and Lowerco (as applicable) grant to
the Grantee, as of the above Date of Grant, Restricted Stock Units for the number of Stock Units
stated above (the “Stock Units”), on the terms provided herein and in the Plan. The Stock
Units represent a conditional right to receive Units (as defined below) consisting of Class A
Common shares, Class L Common shares and Lowerco Preferred shares (the “Shares”). The
Stock Units evidenced by this Agreement are granted to the Grantee in an Employment capacity as an
Employee.

2. Stock Unit Account. The Company shall establish and maintain a Stock Unit account
(the “Account”) as a bookkeeping account on its records for the Grantee and shall record in
the Account the number of Stock Units awarded to the Grantee. No Shares shall be issued to the
Grantee at the time the Award is made, and the Grantee shall not be, nor have any of the rights or
privileges of, a stockholder of the Companies with respect to any Stock Units recorded in the
Account or amounts credited to the Account pursuant to Section 8. The Grantee shall not have any
interest in any fund or specific assets of the Companies by reason of this Award or the Account
established for the Grantee.

May 2010 Form US —  Tier II EO

 

 

 

3. Meaning of Certain Terms. Except as otherwise defined herein, all capitalized
terms used in this Agreement shall have the same meaning as in the Plan. The terms “Change of

Control,” “Disability” and “Fair Market Value” shall have the same
meaning as set forth in the Stockholders Agreement and without regard to any subsequent amendment
thereof. The term “Performance Period” is defined in Schedule A. The following terms
shall have the following meanings:

	 	(a)	 	“Adjustment Event” means (i) a cash distribution with respect to Shares
paid to all or substantially all holders of Shares, other than cash dividends in
respect of Shares declared by the Board as part of a regular dividend payment practice
or stated cash dividend policy of the Company following an IPO, or (ii) a substantially
pro rata redemption or substantially pro rata repurchase (in each case, as applicable,
by the Company, Lowerco or any of their subsidiaries) of all or part of any class of
Shares;
	 
	 	(b)	 	“CEO” means the Chief Executive Officer of the Company.

	 	(c)	 	“Date of Termination” means the date that the termination of the
Grantee’s Employment with Employer is effective on account of the Grantee’s death, the
Grantee’s Disability, termination by Employer for Cause or without Cause, or by the
Grantee, as the case may be;

	 	(d)	 	“Employer” means the Company or, as the case may be, its Affiliate with
whom the Grantee has entered into an Employment relationship;

	 	(e)	 	“Investors” means investment funds advised by Silver Lake Partners,
Bain Capital, The Blackstone Group, Goldman, Sachs & Co., Kohlberg Kravis Roberts,
Providence Equity Partners and Texas Pacific Group that own capital stock of the
Company;

	 	(f)	 	“Restrictive Covenant” means any of the restrictive covenants set forth
in Exhibit A, which is incorporated herein by reference;

(g) “Retirement” means termination of employment by Grantee after age 62;

	 	(h)	 	“Unit” means an undivided interest in 1.3 Class A shares, 0.1444 Class
L shares and 0.05 Lowerco Preferred shares, determined at the Date of Grant, as it may
be adjusted as provided herein;

	 	(i)	 	“Vest on a Pro Rata Basis” means that the vesting of the Grantee’s
Stock Units shall continue through the end of the Year of Termination (but not
thereafter), provided that only a portion of the Stock Units subject to this Restricted
Stock Unit Agreement that otherwise would have vested at the end of such year shall
vest, such portion being determined by multiplying (i) the number of Stock Units that
otherwise would have vested at the end of such year based upon attainment of
pre-determined performance goals, by (ii) (A) the number of days in which the Grantee
was employed by Employer during the Year of Termination divided by (B) 365 (rounded to
the nearest whole number of Stock Units);

May 2010 Form US —  Tier II EO

 

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Notwithstanding the foregoing, with respect to the Grantee’s termination of
Employment described in Section 4(a) during the 2010 calendar year, “Vest on a Pro
Rata Basis” means that the Grantee’s Stock Units shall continue to be earned
through the end of the Year of Termination (but not thereafter), provided that only
a portion of the Stock Units subject to this Restricted Stock Unit Agreement that
otherwise would have been earned at the end of such year shall be earned as of the
end of the calendar year, such portion being determined by multiplying (i) the
number of Stock Units that otherwise would have been earned at the end of such
calendar year based upon attainment of pre-determined performance goals, by (ii) (A)
the number of days in which the Grantee was employed by Employer during the Year of
Termination divided by (B) 365 (rounded to the nearest whole number of Stock Units);
and the Stock Units that are earned for the Year of Termination as described in this
paragraph shall vest as of the last day of the Year of Termination pursuant to
Section 4(a);

	 	(j)	 	Vest on a Return-on-Equity Basis” means that Grantee’s Stock Units
shall be subject to accelerated vesting at the time of a Change of Control as follows:

	 	(i)	 	If the Change of Control occurs on or before December 31, 2013
and results in the Investors receiving an amount constituting at least 300% of
the Investors’ initial equity investment in the Company and any subsequent
equity investments, Stock Units shall vest as follows: (A) if the Investor
internal rate of return (“IRR”) as of the Change of Control date is 16% or
higher, all remaining Stock Units shall become fully vested and exercisable on
the one-year anniversary of the Change of Control; (B) if the Investor IRR as
of the Change of Control date is between 14% and 16%, the number of Stock Units
determined by interpolation (e.g., 50% acceleration at 15% IRR) shall become
fully vested and exercisable on the one-year anniversary of the Change of
Control; and (C) if the Investor IRR as of the Change of Control date is less
than 14%, there will be no acceleration of vesting. Vesting on the one-year
anniversary of the Change of Control is contingent on continued employment
through the one-year anniversary date, except as otherwise provided in Section
4(a).

	 	(ii)	 	If a Change of Control occurs and the requirements of
subsection (i) are not met, there will be no acceleration of vesting.

	 	(iii)	 	In determining the amount that has been received by the
Investors, the gross value of all cash (including prior distributions the
Investors or their Affiliates have received with respect to the Shares) and/or
securities (with the fair value of such securities to be determined by the
Board, which shall be entitled to take into account any restrictions on
transferability, liquidity or saleability of such securities) received by the
Investors shall be taken into account, minus the amount of commissions, fees
and expenses payable by the Investors to the investment bankers and
professional advisors in connection with the Change of Control. Management and
transaction fees specified in the Management Agreement entered into as of
August 11, 2005 between the Company and certain affiliates of the Investors, as
amended from time to time, shall be excluded, provided that any increases in
such fees from the fees in effect as of August 11, 2005 must be customary (on a
percentage of equity basis or in the case of transaction fees as a percentage
of transaction size) compared to fees charged by private equity sponsors to
their portfolio companies. In evaluating the amount of the transaction
consideration, the Board may take into consideration amounts paid into escrow
and contingent payments in connection with any transaction.

May 2010 Form US —  Tier II EO

 

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	 	(k)	 	“Year of Termination” means the fiscal year for the applicable
Performance Period during which the Grantee’s Date of Termination occurs.

As used herein with respect to the Stock Units, the Stock Units shall be earned based on
performance and shall vest based on Section 4 below, and the term “vest” means that the
restrictions on the right to receive payment pursuant to the Stock Units lapse in whole or in
specified part.

4. Vesting of Stock Units. The Stock Units shall be subject to forfeiture until the
Stock Units vest. The Stock Units shall vest, in accordance with Schedule A, based on the
Grantee’s continued Employment; provided, however, that:

	 	(a)	 	if the Grantee’s Employment terminates as a result of (i) termination of the
Grantee by Employer without Cause, (ii) the Grantee’s Disability or death, or (iii)
with respect to Stock Units earned for a calendar year after 2010, the Grantee’s
Retirement, then (A) the Stock Units for the year of termination shall Vest on a Pro
Rata Basis, (B) any unvested portion of the Stock Units that was earned for the 2010
calendar year shall become fully vested as of the Date of Termination, and (C) if a
Change of Control has occurred, any amount that is scheduled to vest on the one-year
anniversary of the Change of Control pursuant to Section 3(j)(i) above shall become
fully vested as of the Date of Termination;;

	 	(b)	 	with respect to the portion of the Stock Units that is earned for the 2010
calendar year, if the Grantee’s Employment terminates as a result of the Grantee’s
resignation or Retirement, then the Stock Units shall be deemed to have stopped vesting
as of the Date of Termination of such Grantee, and no portion of the Stock Units shall
be earned for the calendar year in which the Date of Termination occurs;

	 	(c)	 	with respect to the portion of the Stock Units that is earned for calendar
years after 2010, if the Grantee’s Employment terminates as a result of the Grantee’s
resignation, then the Stock Units shall be deemed to have stopped vesting as of the
beginning of the year containing the Date of Termination of such Grantee;

	 	(d)	 	if the Grantee’s Employment terminates as a result of termination by Employer
for Cause, then the Stock Units will be immediately forfeited by the Grantee and
terminate as of the Date of Termination;

	 	(e)	 	upon a Change of Control through December 31, 2013, the Stock Units shall Vest
on a Return-on-Equity Basis; provided that, upon such a Change of Control following
which Stock continues to be held by any of the Investors, if the Change of Control
would not result in full acceleration of vesting pursuant to this Section 4(d) without
giving effect to this proviso, the Administrator shall, as it considers appropriate in
its sole discretion, either (i) cause the Stock Units to Vest on a Return-on-Equity
Basis treating the Fair Market Value of any retained Stock as an amount received by the
Investors in connection with the Change of Control, or (ii)
permit the Stock Units to Vest on a Return-on-Equity Basis in connection with any
disposition by the Investors of a material portion of their remaining Stock during
through December 31, 2013; and

May 2010 Form   US —  Tier II EO

 

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	 	(f)	 	notwithstanding the foregoing, in the event of a Change of Control after the
2010 calendar year, any portion of the Stock Units that was earned with respect to the
2010 calendar year based on Schedule A and that has not yet vested shall vest in full
upon the Change of Control.

5. Payment of Stock Units. The Grantee’s vested Stock Units shall be paid in Shares
upon the first to occur of (i) a Change of Control that meets the requirements of a “change in
control event” under Section 409A of the Code, (ii) the Grantee’s separation from service without
Cause, or (iii) December 31, 2014. If a Change of Control occurs before the Stock Units are fully
vested, any Stock Units that subsequently vest shall be paid upon the first to occur of (i) the
Grantee’s separation from service without Cause or (ii) December 31, 2014. Notwithstanding the
foregoing, all distributions of Shares under this Agreement upon separation from service shall only
be made upon the Grantee’s “separation from service” within the meaning of Section 409A of the Code
and a distribution shall be made at a time and in a manner consistent with Section 409A. When the
vested Stock Units become payable, the Companies will issue to the Grantee Shares representing the
Units underlying the vested Stock Units, subject to satisfaction of the Grantee’s tax withholding
obligations as described below, within 30 business days after the payment event.

6. Certain Calls and Puts. The Stock Units granted hereunder and the related Shares
are subject to the call and put rights contained in Section 6 of the Stockholders Agreement, except
that such put rights shall be granted only if and to the extent permitted by the Code (including
Section 409A thereof); provided, however, that the call rights contained in Section 6 of the
Stockholders Agreement shall not apply in the event of a termination resulting from Disability or
death.

7. Share Restrictions, etc. Except as expressly provided herein, the Grantee’s rights
hereunder and with respect to Shares received upon payment in accordance with Section 5 herein are
subject to the restrictions and other provisions contained in the Stockholders Agreement.

8. Distributions, Redemptions, etc.

	 	(a)	 	Upon the occurrence of an Adjustment Event, there shall be credited to the
Account an amount equal to the product of (i) the per-Share amount paid with respect to
Shares underlying the Stock Unit in connection with the Adjustment Event, multiplied by
(ii) the number of Shares of the class of stock affected by the Adjustment Event that
are included in each Unit immediately prior to the Adjustment Event, multiplied by
(iii) the number of Units underlying the Grantee’s Stock Units pursuant to this Award.

	 	(b)	 	If any other cash dividend or distribution is paid with respect to Shares
underlying the Stock Units, there shall be credited to the Account an amount equal to
the product of (i) the per-Share amount paid with respect to Shares underlying the
Stock Units, multiplied by (ii) the number of Shares of the applicable class of stock
that are included in each Unit, multiplied by (iii) the number of Units underlying the
Grantee’s Stock Units pursuant to this Award.

May 2010 Form US —  Tier II EO

 

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	 	(c)	 	The amount credited to the Account pursuant to this Section 8 with respect to
Stock Units is referred to as the “Bonus Value.” The Bonus Value shall vest on the
same terms as the Stock Units to which it relates, as set forth in this Agreement, and
the vested Bonus Value shall be paid to the Grantee at the same time as the vested
Stock Units are paid pursuant to Section 5 herein, consistent with Section 409A of the
Code.

	 	(d)	 	In the case of a redemption or repurchase of Shares, the number of Shares of
the class of stock redeemed or repurchased that are subject to outstanding Stock Units
will be automatically reduced by an amount proportionate to the percentage reduction in
outstanding Shares of the affected class resulting from the redemption or repurchase.
The Grantee shall be entitled to receive any information reasonably requested regarding
the composition of a Unit, as adjusted in accordance with this Section 8.

9. Forfeiture. Upon delivery of Shares pursuant to the Stock Units, the Grantee shall
certify on a form acceptable to the Committee that the Grantee is in compliance with the
Restrictive Covenants and all other agreements between the Grantee and the Company or any of its
Affiliates. If the Company determines that the Grantee is not in compliance with one or more of
the Restrictive Covenants or with the provisions of any agreement between the Grantee and the
Company or any of its Affiliates, and such non-compliance has not been authorized in advance in a
specific written waiver from the Company or the applicable party, the Committee may cancel any
unpaid Stock Units. The Company shall also have the following (and only the following) additional
remedies:

	 	(a)	 	During the six months after any delivery of Shares pursuant to the Stock Units,
such delivery may be rescinded at the Company’s option if the Grantee fails to comply
in any material respect with the terms of the Restrictive Covenants or of any other
agreement with the Company or any of its affiliates or if the Grantee breaches any duty
to the Company or any of its Affiliates. The Company shall notify the Grantee in
writing of any such rescission within one year after such delivery. Within ten days
after receiving such a notice from the Company, the Grantee shall remit or deliver to
the Company (i) the amount of any gain realized upon the sale of any Shares, (ii) any
consideration received upon the exchange of any Shares (or to the extent that such
consideration was not received in the form of cash, the cash equivalent thereof valued
at the time of the exchange), and (iii) the number of Shares received in connection
with the rescinded delivery.

	 	(b)	 	The Company shall have the right to offset, against any Shares and any cash
amounts due to the Grantee under or by reason of the Grantee’s holding the Stock Units,
any amounts to which the Company is entitled as a result of the Grantee’s violation of
the terms of the Restrictive Covenants or of any other agreement with the Company or
any of its affiliates or the Grantee’s breach of any duty to the Company or any of its
Affiliates; provided, however, that no offset shall accelerate or defer the
distribution date of amounts payable under this Agreement in violation of Section 409A
of the Code, and any offset in violation of Section 409A shall be null and void.
Accordingly, the Grantee acknowledges that (i) the Company may withhold delivery of
Shares, (ii) the Company may place the proceeds of any sale or other disposition of
Shares in an escrow account of the Company’s choosing
pending resolution of any dispute with the Company, and (iii) the Company has no
liability for any attendant market risk caused by any such withholding, or escrow,
subject, however, to compliance with the requirements of Section 409A of the Code.

May 2010 Form US —  Tier II EO

 

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The Grantee acknowledges and agrees that the calculation of damages from a breach of any of the
Restrictive Covenants or of any other agreement with the Company or any of its Affiliates or of any
duty to the Company or any of its Affiliates would be difficult to calculate accurately and that
the right to offset or other remedy provided for herein is reasonable and not a penalty. The
Grantee further agrees not to challenge the reasonableness of such provisions even where the
Company rescinds, delays, withholds or escrows Shares or proceeds or uses those Shares or proceeds
as a setoff.

10. Legends, etc. Shares issued upon the lapse of any restrictions on the Stock Units
shall bear such legends as may be required or provided for under the terms of the Stockholders
Agreement.

11. Transfer of Stock Units. The Stock Units may only be transferred by the laws of
descent and distribution, or to a legal representative in the event of the Grantee’s incapacity.

12. Withholding. The payment of the Shares and other amounts in accordance with this
Agreement will give rise to “wages” subject to withholding. The Grantee expressly acknowledges and
agrees that the Grantee’s rights hereunder, including the right to be issued Shares in accordance
with Section 5 herein and paid cash in accordance with Section 8 hereof, are subject to the Grantee
promptly paying to the Companies in cash or by Share withholding as described below (or by such
other means as may be acceptable to the Administrator in its discretion) all taxes required to be
withheld. The Grantee also authorizes the Companies and their subsidiaries to withhold such amount
from any amounts otherwise owed to the Grantee. Unless the Grantee elects otherwise in a time and
manner specified by the Company, any tax withholding obligation with respect to the payment of
Shares shall be satisfied by having Shares withheld up to an amount that does not exceed the
minimum applicable withholding tax rate for federal (including FICA), state, and local tax
liabilities.

13. Grant Subject to Plan Provisions. This Award is made pursuant to the Plan, the
terms of which are incorporated herein by reference, and in all respects shall be interpreted in
accordance with the Plan. The Award and payment of the Stock Units are subject to interpretations,
regulations and determinations concerning the Plan established from time to time by the
Administrator in accordance with the provisions of the Plan, including, but not limited to,
provisions pertaining to (i) the registration, qualification or listing of the shares issued under
the Plan, (ii) changes in capitalization and (iii) other requirements of applicable law. The
Administrator shall have the authority to interpret and construe the Stock Units pursuant to the
terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder.

14. Effect on Employment. Neither the grant of the Stock Units, nor the issuance of
Shares or other payments in accordance with this Agreement, shall give the Grantee any right to be
retained in the employ of the Company, Lowerco or any of their Affiliates, affect the right of the
Company, Lowerco or any of their Affiliates to discharge or discipline the Grantee at any time, or
affect any right of the Grantee to terminate his or her Employment at any time.

May 2010 Form US —  Tier II EO

 

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15. Delay in Payments for Specified Employees. Notwithstanding anything in this
Agreement to the contrary, if the Grantee is a “specified employee” of a publicly traded
corporation under Section 409A of the Code at the time of separation from service and if payment of
any amount under this Agreement is required to be delayed for a period of six months after the
separation from service pursuant to Section 409A of the Code, payment of such amount shall be
delayed as required by Section 409A of the Code, and the accumulated postponed amount shall be paid
in a lump sum payment within 10 days after the end of the six-month period. If the Grantee dies
during the postponement period prior to the payment of postponed amount, the accumulated postponed
amount shall be paid to the personal representative of the Grantee’s estate within 60 days after
the date of the Grantee’s death.

16. Section 409A. It is intended that the Stock Units awarded hereunder shall comply
with the requirements of Section 409A of the Code (and any regulations and guidelines issued
thereunder), and this Agreement shall be interpreted on a basis consistent with such intent. Each
payment under this Agreement is considered a separate payment for purposes of Section 409A of the
Code. As provided under Section 409A, if calculation of the amount of a payment is not
administratively practicable due to events beyond the control of the Grantee, the payment will be
treated as made upon the date specified hereunder if the payment is made during the first calendar
year in which calculation of the amount of the payment is administratively practicable. This
Agreement may be amended without the consent of the Grantee in any respect deemed by the Committee
to be necessary in order to preserve compliance with Section 409A of the Code.

17. Governing Law. This Agreement and all claims arising out of or based upon this
Agreement or relating to the subject matter hereof shall be governed by and construed in accordance
with the domestic substantive laws of the State of Delaware without giving effect to any choice or
conflict of laws provision or rule that would cause the application of the domestic substantive
laws of any other jurisdiction.

18. Amendment. In addition to the authority to make adjustments pursuant to Section
7(b) of the Plan, the Administrator may modify the terms of the Award as the Administrator deems
appropriate, in good faith, to take account of a change in circumstances occasioned by a stock
dividend or other similar distribution (whether in the form of stock, other securities or other
property), stock split or combination of shares (including a reverse stock split),
recapitalization, conversion, reorganization, consolidation, split-up, spin-off, combination,
merger, exchange of stock, redemption or repurchase of all or part of the shares of any class of
stock or any change in the capital structure of the Company or an Affiliate or other transaction or
event, including the power to adjust the performance goals that are affected by such a transaction.

[SIGNATURE PAGE FOLLOWS]

May 2010 Form US —  Tier II EO

 

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By acceptance of the Stock Units, the undersigned agrees hereby to become a party to, and be bound
by the terms of, the Stockholders Agreement as a “Manager” as defined therein.

Executed as of the Date of Grant.

	 	 	 	 	 	 	 
	SunGard Capital Corp. and	 	SUNGARD CAPITAL CORP.	 	 
	SunGard Capital Corp. II	 	SUNGARD CAPITAL CORP. II	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 

Grantee

I acknowledge that I have received a copy of this Agreement and certain related information,
and that I have read and understood these documents. I accept and agree to all of the provisions
of this Agreement.

	 	 	 	 	 
	 

	 	 

Grantee
	 	 

May 2010 Form US —  Tier II EO

 

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Schedule A

Vesting Schedule

	(1)	 	With respect to the 2010 calendar year, the Stock Units shall be earned to the extent
that the Base Case for such calendar year is achieved during such period as follows, and the
portion of the Stock Units that is earned for such calendar year shall vest in accordance with
the vesting schedule set forth in paragraph (2) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, none of the Stock Units will earned at the end of that year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Stock Units that will be earned for the calendar year
will be determined by interpolation at the linear rate of 1/78.32 of the Stock Units per
one percentage point of Actual Internal EBITA (rounded to the nearest .0001 of a Share);

	 	(c)	 	If Actual Internal EBITA for such calendar year is above 100% but not greater than
106.25% of the Base Case for that year, the Stock Units that will be earned for the
calendar year will be the sum of (i) the number of Stock Units calculated in accordance
with paragraph (b) above and (ii) the number of Stock Units determined by interpolation at
the linear rate of 1/249.51 of the Stock Units per one percentage point of Actual Internal
EBITA in excess of 100% (rounded to the nearest .0001 of a Stock Unit); and

	 	(d)	 	If Actual Internal EBITA for such calendar year is greater than 106.25% of the Base
Case for that year, no further Stock Units shall be earned other than provided above until
Actual Internal EBITA for such calendar year is equal to or greater than 100% of the
Original Base Case (as defined below), at which point the Stock Units shall be earned as
follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number Stock Units that will be
earned for the calendar year will be the sum of (x) the number of Stock Units
calculated in accordance with paragraph (c) above and (y) an amount determined by
interpolation at the linear rate of 1/56.25 of the Stock Units per one percentage
point of Actual Internal EBITA (rounded to the nearest .0001 of a Stock Units
between 100% and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, 1/5 of the Stock Units shall
be earned (rounded to the nearest .0001 of a Stock Unit) at the end of that year.

	(2)	 	With respect to the 2010 calendar year, the Stock Units shall vest and be exercisable
with respect to 25% of the total number of Stock Units earned under paragraph (1) above at the
end of such calendar year (“Initial Vesting Date”); and the remaining 75% of the total
number of Stock Units earned for such calendar year shall vest and be exercisable in equal
monthly installments over the 36 months following the Initial Vesting Date starting with the
first monthly anniversary of the Initial Vesting Date. All vesting shall be conditioned on
continued service with the Company through the applicable vesting date.

	(3)	 	With respect to each of the calendar years in the Performance Period after 2010, the
Stock Units shall be exercisable to the extent that the Base Case is achieved during such
period as follows, and the portion of the Stock Units that is earned for such calendar year
shall vest in accordance with the vesting schedule set forth in paragraph (4) below:

	 	(a)	 	If Actual Internal EBITA for such calendar year is less than or equal to 95% of the
Base Case for that year, none of the Stock Units will be earned at the end of that year;

	 	(b)	 	If Actual Internal EBITA for such calendar year is between 95% and 100% of the Base
Case for that year, the number of Stock Units that vest and become exercisable at the end
of that year will be determined by interpolation at the linear rate of 1/56.25 of the
Stock Units per one percentage point of Actual Internal EBITA (rounded to the nearest

..0001 of a Stock Unit); and

 

 

 

	 	(c)	 	If Actual Internal EBITA for such calendar year is greater than 100% of the Base Case
for that year, then no further Stock Units shall be earned other than provided above until
Actual
Internal EBITA for such calendar year is equal to or greater than 100% of the Original
Base Case (as defined below) for that year, at which point the Stock Units shall be
earned as follows:

	 	(i)	 	if Actual Internal EBITA for such calendar year is between 100% and
106.25% of the Original Base Case for that year, the number of Stock Units that will
be earned for the calendar year will be the sum of (x) the number of Stock Units
calculated in accordance with paragraph (b) above and (y) an amount determined by
interpolation at the linear rate of 1/56.25 of the Units per one percentage point of
Actual Internal EBITA (rounded to the nearest .0001 of a Stock Unit) between 100%
and 106.25% of the Original Base Case; and

	 	(ii)	 	if Actual Internal EBITA for such calendar year is equal to or greater
than 106.25% of the Original Base Case for that year, 1/5 of the Stock Units shall
be earned (rounded to the nearest .0001 of a Stock Unit) at the end of that year.

	(4)	 	With respect to each of the calendar years in the Performance Period after 2010, the
Stock Units shall vest as of the end of the applicable calendar year, to the extent earned,
and subject to the other terms of the Agreement.

For purposes of this Vesting Schedule:

“Performance Period” means the five-year period beginning on January 1, 2010.

“Actual Internal EBITA” means the Company’s actual earnings before interest, taxes and
amortization for a year, determined based on the Company’s audited financials. Actual Internal
EBITA shall not be reduced by costs of the acquisition of the Company by the Investors or the
Company’s proposed spin-off of its availability services business or related items, management and
transaction fees payable to the Investors or their affiliates, extraordinary items (as determined
by the Compensation Committee in consultation with the CEO) or non-cash equity incentive expenses.
Actual Internal EBITA shall be calculated without giving effect to purchase accounting and shall be
adjusted in good faith by the Compensation Committee in consultation with the CEO to reflect the
consequences of acquisitions and dispositions. Unless otherwise determined by the Board or
Compensation Committee and agreed to by the CEO, the adjustment for acquisitions and dispositions
shall be based on a cost of funds used for acquisitions and released by dispositions at a rate of
11%, compounded at the rate of 7.5% per annum, provided that transactions with a purchase price in
excess of $50 million may merit an alternative adjustment, in which case the rate will be as
mutually agreed by the CEO and the Board or Compensation Committee. Actual Internal EBITA targets
shall be appropriately adjusted by the Compensation Committee in consultation with the CEO in case
of changes in GAAP promulgated by FASB or the SEC or changes in depreciation methodology.

“Base Case” means the Actual Internal EBITA targets for the Company during each calendar year
in the Performance Period, as follows: the Company’s final consolidated budgeted EBITA, as
approved by the Board or Compensation Committee and as appears in the Company’s operating budget
for each of the applicable calendar years in the Performance Period.

“Original Base Case” means the Actual Internal EBITA targets for the Company during each
calendar year in the Performance Period, as originally determined for the applicable calendar years
as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Original Base Case	 	2010	 	 	2011	 	 	2012	 	 	2013	 	 	2014	 
	 
	Actual Internal
EBITA (in millions)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

 

Exhibit A

Restrictive Covenants

1. The Grantee will not render services for any organization or engage directly or indirectly
in any business which, in the judgment and sole determination of the Chief Executive Officer of the
Company or another senior officer designated by the Committee, is or becomes competitive with the
Company, or which organization or business, or the rendering of services to such organization or
business, is or becomes otherwise prejudicial to or in conflict with the interests of the Company.
If the Grantee’s employment or other service with the Company has terminated, the judgment of the
Chief Executive Officer or other designated officer will be based on the Grantee’s position and
responsibilities while employed by the Company, the Grantee’s post-employment responsibilities and
position with the other organization or business, the extent of past, current and potential
competition or conflict between the Company and the other organization or business, the effect on
the Company’s customers, suppliers, employees and competitors of the Grantee’s assuming the
post-employment position and such other considerations as are deemed relevant given the applicable
facts and circumstances.

2. The Grantee will not disclose to anyone outside the Company, or use other than in the
Company’s business, any confidential or proprietary information or material relating to the
business of the Company, acquired by the Grantee either during or after employment with the
Company. The Grantee understands that the Company’s proprietary and confidential information
includes, by way of example: (a) the identity of customers and prospects, their specific
requirements, and the names, addresses and telephone numbers of individual contacts; (b) prices,
renewal dates and other detailed terms of customer and supplier contracts and proposals; (c)
pricing policies, information about costs, profits and sales, methods of delivering software and
services, marketing and sales strategies, and software and service development strategies; (d)
source code, object code, specifications, user manuals, technical manuals and other documentation
for software products; (e) screen designs, report designs and other designs, concepts and visual
expressions for software products; (f) employment and payroll records; (g) forecasts, budgets,
acquisition models and other non-public financial information; and (h) expansion plans, business or
development plans, management policies, information about possible acquisitions or divestitures,
potential new products, markets or market extensions, and other business and acquisition strategies
and policies.

3. The Grantee will promptly communicate to the Company, in writing, all marketing strategies,
product ideas, software designs and concepts, software enhancement and improvement ideas, and other
ideas and inventions (collectively, “works and ideas”) pertaining to the Company’s business,
whether or not patentable or copyrightable, that are made, written, developed, or conceived by the
Grantee, alone or with others, at any time (during or after business hours) while the Grantee is
employed by the Company or during the three months after the Grantee’s employment terminates. The
Grantee understands that all of those works and ideas will be the Company’s exclusive property, and
by accepting the Stock Units the Grantee assigns and agrees to assign all the Grantee’s right,
title and interest in those works and ideas to the Company. The Grantee will sign all documents
which the Company deems necessary to confirm its ownership of those works and ideas, and the
Grantee will cooperate fully with the Company to allow the Company to take full advantage of those
works and ideas, including the securing of patent and/or copyright protection and/or other similar
rights in the United States and in foreign countries.

4. The Grantee will not solicit or contact at any time, directly or through others, for the
purpose or with the effect of competing or interfering with or harming any part of the Company’s
business: (a) any customer or acquisition target under contract with the Company at any time
during the last two years of the Grantee’s employment with the Company; (b) any prospective
customer or acquisition target that received or requested a proposal, offer or letter of intent
from the Company at any time during the last two years of the Grantee’s employment with the
Company; (c) any affiliate of any such customer or prospect; (d) any of the individual contacts
established by the Company or the Grantee or others at the Company during the period of the
Grantee’s employment with the Company; or (e) any individual who is an employee or independent
contractor of the Company at the time of the solicitation or
contact or who has been an employee or independent contractor within three months before such
solicitation or contact.

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