Document:

EX 10.1 Jeffrey S. Sloan Second Amdendment to Employment Agreement

Exhibit 10.1

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN 
JEFFREY S. SLOAN 
AND GLOBAL PAYMENTS INC. 

Whereas, Global Payments Inc. (“Global”) and Jeffrey Sloan  (“Executive”) are parties to an Employment Agreement dated March 30, 2010, which was subsequently amended on October 1, 2013 (the “Agreement”); and 

Whereas, the parties now desire to further amend certain of the terms of the Agreement;

Now, Therefore, in consideration of the foregoing recitals and the mutual covenants and conditions contained herein, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto acknowledge that the Agreement is hereby amended as follows:

1.    Section 2 of the Employment Agreement is hereby deleted and replaced with the following:

“Executive is hereby employed as the Chief Executive Officer of the Company as of June 30, 2014.  In such capacity, Executive shall have the duties, responsibilities and authority commensurate with such positions as shall be assigned to him by the Board of Directors of the Company (the “Board”), which shall be consistent with the duties, responsibilities, and authority of persons holding such positions in a publicly traded company engaged in similar lines of business.  Executive shall report directly and exclusively to the Board.”  

Except as modified hereby, the terms and conditions of the Agreement shall remain in full force and effect; provided, however, that if any term or condition of the Agreement conflicts with or is inconsistent with any term or condition of this Amendment, such terms and conditions hereof shall prevail and be controlling.

IN WITNESS WHEREOF, the parties have caused this amendment to be executed by their respective officers duly authorized as of the 29th day of August, 2014.

	
				
	 
	EXECUTIVE:
	 
	GLOBAL PAYMENTS INC.

	 
	 
	 
	 

	 
	/s/ Jeffrey S. Sloan
	 
	By: /s/ David L. Green

	 
	Jeffrey S. Sloan
	 
	Name: David L. Green

	 
	Date: August 29, 2014
	 
	Title: Executive Vice President and General Counsel

	 
	 
	 
	Date: August 29, 2014EX10.2 David E. Mangum Amendment to Employment Agreement

Exhibit 10.2

AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN 
DAVID E. MANGUM
AND GLOBAL PAYMENTS INC. 

Whereas, Global Payments Inc. (“Global”) and David E. Mangum  (“Executive”) are parties to an Employment Agreement dated March 1, 2010 (the “Agreement”); and 

Whereas, the parties now desire to further amend certain of the terms of the Agreement;

Now, Therefore, in consideration of the foregoing recitals and the mutual covenants and conditions contained herein, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto acknowledge that the Agreement is hereby amended as follows:

1.    Section 2 of the Agreement is hereby deleted and replaced with the following:

“Executive is hereby employed as the President and Chief Operating Officer of the Company as of June 30, 2014.  In such capacity, Executive shall have the duties, responsibilities and authority commensurate with such position as shall be assigned to him by the Chief Executive Officer of the Company (the “Chief Executive Officer”), which shall be consistent with the duties, responsibilities, and authority of persons holding such positions in a publicly traded company engaged in similar lines of business.  Executive shall report directly and exclusively to the Chief Executive Officer.”  

2.    Section 5(a) of the Agreement is hereby deleted and replaced with the following:

“(a) Base Salary.  During the Employment Period, the Company will pay to Executive a base salary in the amount of U.S. $575,000 per year (“Base Salary”) less normal withholdings, payable in equal bi-weekly or other installments as provided under the Company’s standard payroll practices in effect for senior executives from time to time. Executive’s Base Salary will be reviewed at least annually and, subject to approval of the Committee, the Company may increase Executive’s Base Salary from time to time. The periodic review of Executive’s salary by the Committee will consider, among other things, Executive’s own performance and the Company’s performance. 

3.    Section 5(b)(i) of the Agreement is hereby deleted and replaced with the following:
     “(i) Annual Bonus. Executive will have an annual bonus opportunity for each fiscal year of the Company based on the achievement of financial and performance objectives set by the Committee (“Bonus Opportunity”). The annual Bonus Opportunity and specific performance and financial objectives will be set forth in Executive’s individual performance and incentive plan for each fiscal year. Executive’s annual Bonus Opportunity at target levels for any year shall not be less than 100% of his then current Base Salary for such year. Executive must be an active employee on the date the annual bonuses are paid on a Company wide basis in order to be eligible to receive any bonus payment (except as otherwise expressly provided in § 8) unless Executive’s employment terminates following a failure to extend his Employment Period in accordance with § 3, his employment terminates at or after the end of the applicable fiscal year and he satisfies all or substantially all of the performance requirements for a bonus for such fiscal year, in which event he shall be eligible for a bonus as determined by the Committee, and such bonus, if any, shall be paid no later than 2 1/2 months after the end of such fiscal year.”
3.    The reference in Clause 7(c)(i) of the Agreement to “Chief Financial Officer” shall be changed to “President and Chief Operating Officer.”

4.    All references in the Agreement to “Executive Vice President and Chief Financial Officer” shall be changed to “President and Chief Operating Officer.”

Except as modified hereby, the terms and conditions of the Agreement shall remain in full force and effect; provided, however, that if any term or condition of the Agreement conflicts with or is inconsistent with any term or condition of this Amendment, such terms and conditions hereof shall prevail and be controlling.

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers duly authorized as of the 29th day of August, 2014.

	
				
	 
	EXECUTIVE:
	 
	GLOBAL PAYMENTS INC.

	 
	 
	 
	 

	 
	/s/ David E. Mangum
	 
	By: /s/ David L. Green

	 
	David E. Mangum
	 
	Name: David L. Green

	 
	Date: August 29, 2014
	 
	Title: Executive Vice President and General Counsel

	 
	 
	 
	Date: August 29, 2014EX10.3 Paul R. Garcia Second Amendment to Key Position Agreement

Exhibit 10.3

SECOND AMENDMENT TO KEY POSITION AGREEMENT

WHEREAS, Paul R. Garcia (“Executive”), a resident of the state of Georgia, and Global Payments Inc. (the “Company”), a Georgia corporation, are parties to a Key Position Agreement dated January 6, 2010, which was subsequently amended on October 1, 2013 (the “Agreement”); and 

WHEREAS, the parties now desire to further amend certain of the terms of the Agreement;

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and conditions contained herein, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto acknowledge that the Agreement is hereby amended as follows:

1. Section 3(d) of the Agreement is hereby deleted in its entirety and replaced with the following: 

“(d)  Performance-Based Incentive Awards.  As of the Key Position Retirement Date, any performance-based incentive awards held by Executive as of the Key Position Retirement Date shall vest at the target level and Company shall deliver to Executive fully vested Company common stock equal to the number of shares that would have been awarded assuming the performance goals had been reached at target levels, which shares shall be delivered to Executive within sixty (60) days after the Key Position Retirement Data.  Any shares of Company stock acquired upon the settlement of such performance awards shall be subject to Stock Retention Requirements.”

Except as modified hereby, the terms and conditions of the Agreement shall remain in full force and effect; provided, however, that if any term or condition of the Agreement conflicts with or is inconsistent with any term or condition of this Amendment, such terms and conditions hereof shall prevail and be controlling.

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers duly authorized as of the 6th day of June, 2014.

	
			
	GLOBAL PAYMENTS INC.
	 
	EXECUTIVE

	 
	 
	 

	By: /s/ David L. Green 
	 
	/s/ Paul R. Garcia

	Name: David L. Green
	 
	Paul R. Garcia

	Title: EVP and General CounselEX10.4 Amendment to Suellyn P. Tornay Transition and Separation Agreement

Exhibit 10.4

AMENDMENT TO TRANSITION AND SEPARATION AGREEMENT

WHEREAS, Suellyn P. Tornay and Global Payments Inc. are parties to a Transition and Separation Agreement dated December 12, 2013 (the “Agreement”); and 

WHEREAS, the parties now desire to amend certain of the terms of the Agreement;

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and conditions contained herein, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto acknowledge that the Agreement is hereby amended as follows:

1. Section 2(v) of the Agreement is hereby deleted in its entirety and replaced with the following: 

“(v)  For a period of twenty-four (24) months immediately following the Termination Date, the Company shall continue Employee’s Company-provided basic life insurance at least equal to that which would have been provided had Employee remained employed with Company in accordance with the Company’s group plans and the Company shall pay all premiums for such coverage for Employee, provided, however, that the obligation of the Company to provide the coverage referenced in this section (v) shall terminate upon Employee’s obtaining other employment to the extent that such life insurance coverage is provided by the new employer; and”

2.    A new Section 2(xii) shall be added to the Agreement as follows: 

“(xii)   In lieu of providing Employee with disability benefits or long-term disability insurance or other similar benefits, Company shall make a lump sum payment to Employee in the amount of $44,000, less normal withholdings, which amount shall be paid to Employee within 30 days of the Six-Month Pay Date.”

Except as modified hereby, the terms and conditions of the Agreement shall remain in full force and effect; provided, however, that if any term or condition of the Agreement conflicts with or is inconsistent with any term or condition of this Amendment, such terms and conditions hereof shall prevail and be controlling.

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers duly authorized as of the 31st day of July, 2014.

	
			
	GLOBAL PAYMENTS INC.
	 
	SUELLYN P. TORNAY

	 
	 
	 

	By: /s/ David L. Green 
	 
	/s/ Suellyn P. Tornay

	Name: David L. Green 
	 
	Suellyn P. Tornay

	Title: EVP and General Counsel

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