Document:

exv10w30

Exhibit 10.30

THE WESTERN UNION COMPANY 2006 LONG-TERM INCENTIVE PLAN,

NONQUALIFIED STOCK OPTION GRANT — TERMS AND CONDITIONS

SECTION 16 OFFICERS (NON-U.S.)

	1.	 	These Terms and Conditions form part of your Stock Option Agreement (the “Agreement”)
pursuant to which you have been granted a Nonqualified Stock Option (“Stock Option”) under The
Western Union Company 2006 Long-Term Incentive Plan (the “Plan”). A copy of the Plan is
enclosed for your convenience. The terms of the Plan are hereby incorporated in this
Agreement by reference and made a part hereof. Any capitalized terms used in this Agreement
that are not defined herein shall have the meaning set forth in the Plan.
	 
	2.	 	The number of common shares of The Western Union Company (the “Company”) subject to the Stock
Option, the grant date of the Stock Option and the option exercise price are all specified in
the attached Award Notice (which forms part of the Agreement).
	 
	3.	 	Subject to the other provisions of this Agreement and the terms of the Plan, you will “vest”
in, or have the right to exercise, this Stock Option as follows:

	 	(a)	 	On or after the first anniversary and until the tenth anniversary of the grant
date, you may exercise this Stock Option for up to one-fourth (25%) of the total number
of shares covered hereby;
	 
	 	(b)	 	On or after the second anniversary and until the tenth anniversary of the grant
date, you may exercise this Stock Option for up to one-half (50%) of
the total number of shares covered hereby;
	 
	 	(c)	 	On or after the third anniversary and until the tenth anniversary of the grant
date, you may exercise this Stock Option for up to three-fourths (75%) of the total
number of shares covered hereby;
	 
	 	(d)	 	On or after the fourth anniversary and until the tenth anniversary of the grant
date, you may exercise this Stock Option with respect to the total number of shares
covered hereby;
	 
	 	(e)	 	No part of this Stock Option may be exercised after the tenth anniversary of the
grant date listed in the Award Notice;
	 
	 	(f)	 	If you are an eligible participant in the Severance/Change in Control Policy
applicable to members of the Company’s Executive Committee at the time of a Change in
Control and your employment with the Company, a Subsidiary or an Affiliate terminates
for an eligible reason under such policy during the 24-month period commencing on the
effective date of the Change in Control, then this Stock Option shall immediately become
fully vested and exercisable effective on the date of your termination and may
thereafter be exercised by you (or your legal representative or similar person) until
the end of your severance period under such Policy or, if earlier, the expiration date
of the term of this Stock Option.

	 	 	This option may not be exercised for a fraction of a common share of the Company.
	 
	4.	 	This Stock Option may not be exercised, in whole or in part, unless the following conditions
are met:

	 	(a)	 	You have accepted these Terms and Conditions either through on-line electronic
acceptance (if permitted by the Company) or by signing and returning to the Company a
copy of these Terms and Conditions. Signed copies of these Terms and Conditions should
be sent to the attention of: Western Union Stock Plan Administration, 12500 E. Belford
Avenue, M21B2, Englewood, Colorado 80112.
	 
	 	(b)	 	Legal counsel for the Company must be satisfied at the time of exercise that the
issuance of shares upon exercise will comply with applicable U.S. federal, state, local
and foreign laws.
	 
	 	(c)	 	You pay the exercise price as follows: (i) by giving notice to the Company or its
designee of the number of whole shares of Common Stock to be purchased and by making
payment therefor in full (or arranging for such payment to the Company’s satisfaction)
either (A) in cash, (B) except as may be prohibited by applicable law, in cash by a
broker-dealer acceptable to the Company and to whom you have submitted an irrevocable
notice of exercise (i.e., also known as “cashless exercise”) or (C) by a combination of
(A) and (B), and (ii) by executing such documents as the Company may reasonably request.

Section 16 Officers (Non-U.S.) 

 

	 	(d)	 	You must, at all times during the period beginning with the grant date of this
Stock Option and ending on the date of such exercise, have been employed by the Company,
a Subsidiary or an Affiliate or have been engaged in a period of Related Employment,
with certain exceptions noted below. Service on the Board after receipt of a Stock
Option shall not be considered a termination of employment.
	 
	 	(e)	 	You have executed and returned to the Company or accepted electronically an
updated restrictive covenant agreement (and exhibits) if requested by the Company which
may contain certain noncompete, nonsolicitation and/or nondisclosure provisions. While
a court may sever any provision in the restrictive covenant agreement, you agree by
executing or electronically accepting the restrictive covenant agreement that you will
forfeit this Stock Option, whether vested or not, if you do not abide by the restrictive
covenant agreement as written.

	5.	 	Absent a period of Related Employment or service on the Board subsequent to the grant date,
if you terminate employment or cease providing services to the Company, a Subsidiary or an
Affiliate while holding this Stock Option, your right to exercise the Stock Option and the
time during which you may exercise the Stock Option depends on the reason for your
termination.

	 	(a)	 	Disability. If your employment with or service to the Company, a
Subsidiary or an Affiliate terminates by reason of Disability, this Stock Option shall
become fully vested and exercisable and may thereafter be exercised by you (or your
legal representative or similar person) until the date which is one year after the
effective date of your termination of employment or service, or if earlier, the
expiration date of the term of this Stock Option.
	 
	 	(b)	 	Retirement. If your employment with or service to the Company, a
Subsidiary or an Affiliate terminates by reason of Retirement, this Stock Option, to the
extent not already vested, shall vest on a prorated basis on the effective date of your
termination of employment or service. Such prorated vesting shall be calculated by
multiplying the number of shares covered by the unvested portion of this Stock Option by
a fraction, the numerator of which is the number of days that have elapsed between the
grant date and the effective date of your termination of employment or service and the
denominator of which is the number of days between the grant date and the fourth
anniversary of the grant date. The unvested portion of this Stock Option that does not
become vested under such calculation shall be forfeited effective on your termination
date and shall be canceled by the Company. The vested portion of this Stock Option,
including any portion that had previously become vested and the prorated portion that
vests effective on your termination date in accordance with the above calculation may be
exercised by you (or your legal representative or similar person) until the date which
is two years after the effective date of your termination of employment or service, or
if earlier, the expiration date of the term of this Stock Option. In administering the
Plan, the Committee reserves the right to treat your termination of employment due to
Retirement the same as “Other Termination” (as defined in this Agreement) in the event
that application of the immediately preceding sentence would be deemed to be
impermissible age discrimination under local law, as determined in the sole discretion
of the Committee.
	 
	 	(c)	 	Death. If your employment with or service to the Company, a Subsidiary or
an Affiliate terminates by reason of death, this Stock Option shall become fully vested
and exercisable and may thereafter be exercised by your executor, administrator, legal
representative, beneficiary or similar person until the date which is one year after the
date of death, or if earlier, the expiration date of the term of this Stock Option.
	 
	 	(d)	 	Involuntary Termination Without Cause. Except to the extent paragraph
3(f) applies, if your employment with or service to the Company, a Subsidiary or an
Affiliate is terminated involuntarily and without Cause and you are an eligible
participant in the Severance/Change in Control Policy applicable to members of the
Company’s Executive Committee, subject to the terms of such policy, the unvested portion
of this Stock Option shall vest on a prorated basis effective on your termination date.
Such prorated vesting shall be calculated by multiplying the number of shares covered by
the unvested portion of this Stock Option by a fraction, the numerator of which is the
number of days that have elapsed between the grant date and the effective date of your
termination of employment or service and the denominator of which is the number of days
between the grant date and the fourth anniversary of the grant date. The unvested
portion of this Stock Option that does not become vested under such calculation shall be
forfeited effective on your termination date and shall be canceled by the Company. The
vested portion of this Stock Option, including any portion that had previously become
vested and the

Section 16 Officers (Non-U.S.) 

 

	 	 	 	prorated portion that vests effective on your termination date in
accordance with the above calculation may be exercised by you (or your legal
representative or similar person) until the end of your severance period under such
Policy or, if earlier, the expiration date of the term of this Stock Option. If your
employment with
or service to the Company, a Subsidiary or an Affiliate is terminated involuntarily
and without Cause and you are not an eligible participant in the Severance/Change in
Control Policy applicable to members of the Company’s Executive Committee on the date
of such termination, this Stock Option shall cease to vest, and to the extent already
vested, may thereafter be exercised by you (or your legal representative or similar
person) until the date which is three months after such involuntary termination, or if
earlier, the expiration date of the term of this Stock Option. Notwithstanding the
foregoing, if, at the time of your termination of employment, you have satisfied the
applicable age or age and service requirement for “Retirement” under the Plan, the
provisions of paragraph 5(b) above, rather than this paragraph 5(d), shall be
applicable to this Stock Option if at such time the provisions of paragraph 5(b) are
more advantageous to you.
	 
	 	(e)	 	Termination for Cause. If your employment with or service to the
Company, a Subsidiary or an Affiliate is terminated for Cause, this Stock Option shall
cease to vest, and to the extent already vested, may thereafter be exercised by you (or
your legal representative or similar person) until the close of the New York Stock
Exchange (if open) on the date of your termination of employment or service. If the New
York Stock Exchange is closed at the time of your termination of employment, this Stock
Option shall be forfeited at the time your employment is terminated and shall be
canceled by the Company.
	 
	 	(f)	 	Other Termination. If your employment with or service to the Company, a
Subsidiary or an Affiliate terminates for any reason other than Disability, Retirement,
death, involuntary termination without Cause, or termination for Cause, this Stock
Option shall cease to vest, and to the extent already vested, may thereafter be
exercised by you (or your legal representative or similar person) until the close of the
New York Stock Exchange (if open) on the date which is the thirtieth (30th)
day following your termination of employment or service, or if earlier, the expiration
date of the term of this Stock Option. If the New York Stock Exchange is closed on the
thirtieth (30th) day following your termination of employment or service,
then your unexpired Stock Option may be exercised until the close of the New York Stock
Exchange on the next following day on which the New York Stock Exchange is open, after
which time this Stock Option shall be forfeited and canceled by the Company.
	 
	 	(g)	 	Death Following Termination of Employment or Service. If you die during
the applicable Post-Termination Exercise Period, this Stock Option will be exercisable
only to the extent that the Stock Option is exercisable on the date of your death and
may thereafter be exercised by your executor, administrator, legal representative,
beneficiary or similar person until the date which is one year after the date of your
death, or if earlier, the expiration date of the term of this Stock Option.

	6.	 	Subject to any restrictions imposed by local law, so long as you continue to be a member of
the Executive Committee of the Company, you may transfer this Stock Option to a Family Member
or Family Entity without consideration; provided, however, in the case of a transfer of this
Stock Option to a limited liability company or a partnership which is a Family Entity, such
transfer may be for consideration consisting solely of an entity interest in the limited
liability company or partnership to which the transfer is made. Any transfer of this Stock
Option shall be in a form acceptable to the Committee, shall be signed by you and shall be
effective only upon written acknowledgement by the Committee of its receipt and acceptance of
such notice. If this Stock Option is transferred to a Family Member or Family Entity, the
Stock Option may not thereafter be sold, assigned, transferred, pledged, hypothecated or
otherwise disposed of by such Family Member or Family Entity except by will or the laws of
descent and distribution. The Committee has delegated its responsibilities under this
paragraph 6 to the Company’s General Counsel.
	 
	7.	 	The Company shall have the right to require, as of the grant, vesting or exercise of an
option and the sale of any shares of stock received upon exercise of an option, that you (or
any person acting under Paragraph 5 above):

	 	(a)	 	Pay to the Company or its designee, upon its demand, such amount as may be
requested for the purpose of satisfying its obligation or the obligation of any of its
Subsidiaries or Affiliates or other person to withhold U.S. federal, state, local or
foreign income, employment or other taxes incurred by reason of the shares. You may
satisfy your obligation to pay such amounts by authorizing the Company to withhold from
your wages or other cash compensation, from proceeds from the sale of
shares or from the shares purchased by you pursuant to the exercise shares having a fair market value on
the date of exercise equal

Section 16 Officers (Non-U.S.) 

 

	 	 	 	to the withholding amount. If the amount requested for the
purpose of satisfying the withholding obligation is not paid, the Company may refuse to
allow you to exercise the option; and
	 
	 	(b)	 	Provide the Company with any forms, documents or other information reasonably
required by the Company in connection with the grant.
	 
	 	(c)	 	Regardless of any action the Company takes with respect to any or all income tax
(including federal, state and local taxes), social insurance, payroll tax, payment on
account or other tax-related withholding (“Tax Related Items”), you acknowledge that the
ultimate liability for all Tax Related Items legally due remains your responsibility and
that the Company (i) makes no representations or undertakings regarding the treatment of
any Tax Related Items in connection with any aspect of the Stock Options, including the
grant of the Stock Options, the exercise of the Stock Options, the receipt of an
equivalent cash payment, the subsequent sale of any Shares acquired at exercise and the
receipt of any dividends; and (ii) does not commit to structure the terms of the grant
or any aspect of the Stock Options to reduce or eliminate your liability for Tax Related
Items.
	 
	 	(d)	 	Prior to the issuance of Shares upon exercise of the Stock Options, you shall
pay, or make adequate arrangements satisfactory to the Company (in its sole discretion)
to satisfy all withholding and payment on account obligations of the Company. In this
regard, you authorize the Company to withhold all applicable Tax Related Items legally
payable by you from your wages or other cash compensation payable to you by the Company
upon exercise of any Stock Options. Alternatively, or in addition, if permissible under
local law, the Company may, in its sole discretion, (i) sell or arrange for the sale of
Shares to be issued on the exercise of the Stock Options to satisfy the withholding or
payment on account obligation, and/or (ii) withhold in Shares, provided that the Company
shall withhold only the amount of Shares necessary to satisfy the minimum withholding
amount. You shall pay to the Company any amount of Tax Related Items that the Company
may be required to withhold as a result of your receipt of the Stock Options, or the
exercise of the Stock Options, that cannot be satisfied by the means previously
described. The Company may refuse to deliver Shares if you fail to comply with your
obligations in connection with the Tax Related Items as described herein.

	8.	 	The terms of this Agreement may be amended from time to time by the Committee in its sole
discretion in any manner that it deems appropriate; provided, however, that no such amendment
shall adversely affect in a material manner any right of yours under this Agreement without
your written consent.
	 
	9.	 	Any action taken or decision made by the Company, the Board, or the Committee or its
delegates arising out of or in connection with the construction, administration,
interpretation or effect of the Plan or this Agreement shall lie within its sole and absolute
discretion, as the case may be, and shall be final, conclusive and binding on you and all
persons claiming under or through you. By accepting this grant or other benefit under the
Plan, you and each person claiming under or through you shall be conclusively deemed to have
indicated acceptance and ratification of, and consent to, any action taken under the Plan by
the Company, the Board or the Committee or its delegates.
	 
	10.	 	The validity, construction, interpretation, administration and effect of the Plan, and of its
rules and regulations, and rights relating to the Plan and to this Agreement, shall be
governed by the substantive laws, but not the choice of law rules, of the State of Delaware.
If you have received this or any other document related to the Plan translated into a language
other than English and if the translated version is different than the English version, the
English version will control.
	 
	11.	 	In accepting the grant, you acknowledge that: (i) the Plan is discretionary in nature and it
may be modified, suspended or terminated by the Company or the Committee at any time; (ii) the
grant of the Stock Option is voluntary and occasional and does not create any contractual or
other right to receive future grants of Stock Options, or benefits in lieu of options, even if
options have been granted repeatedly in the past; (iii) all decisions with respect to any such
future grants will be at the sole discretion of the Committee; (iv) your participation in the
Plan shall not create a right to further employment with your Employer (“Employer”) and shall
not interfere with the ability of your Employer to terminate your employment relationship at
any time with or without cause; (v) your participation in the Plan is voluntary; (vi) the
value of the option is an extraordinary item of compensation which is outside the scope of
your employment contract, if any; (vii) the options are not part of normal or expected
compensation or salary for any purposes, including, but not limited to, calculating any
severance, resignation, redundancy, end of service payments, bonuses, long-service awards,
pension or retirement benefits or similar payments; (viii) in the event of involuntary

Section 16 Officers (Non-U.S.) 

 

	 	 	termination of your employment, your right to receive options under the Plan, if any, will
terminate effective as of the date that you are no longer actively employed regardless of any
reasonable notice period mandated under local law (including but not limited to statutory law,
regulatory law and/or common law) and the right to receive grants of options will not continue
during any required notice period; (ix) the options have not been granted to you in
consideration of your employment with your Employer, but is purely a gratuity extended by the
Company at its sole discretion, and the option grant can in no event be understood or
interpreted to mean that the Company is your employer or that you have an employment
relationship with the Company; (x) the future value of the underlying shares is unknown and
cannot be predicted with certainty; (xi) if the underlying shares do not increase in value,
the options will have no value; and (xii) no claim or entitlement to compensation or damages
arises from termination of the options or diminution in value of the options or shares
purchased through exercise of the options and you irrevocably release the Company and your
Employer from any such claim that may arise.
	 
	12.	 	You hereby explicitly and unambiguously consent to the collection, use and transfer, in
electronic or other form, of your personal data as described in this document by and among, as
applicable, your Employer, the Company and the Company’s Subsidiaries and Affiliates for the
exclusive purpose of implementing, administering and managing your participation in the Plan.
You understand that your Employer and/or the Company hold certain personal information about
you, including, but not limited to, your name, home address and telephone number, date of
birth, social insurance number or other identification number, salary, nationality, job title,
any shares of stock or directorships held in the Company, details of all options or other
entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding
in your favor, for the purpose of implementing, administering and managing the Plan (“Data”).
You understand that Data may be transferred to any third parties assisting in the
implementation, administration and management of the Plan, that these recipients may be
located in your country, or elsewhere, and that the recipient’s country may have different
data privacy laws and protections than your country. You authorize the recipients to receive,
possess, use, retain and transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing your participation in the Plan, including any
requisite transfer of such Data as may be required to a broker or other third party with whom
you may elect to deposit any shares of stock acquired upon exercise of the option. You
understand that Data will be held only as long as is necessary to implement, administer and
manage your participation in the Plan. You understand that you may, at any time, view Data,
request additional information about the storage and processing of Data, require any necessary
amendments to Data or withdraw the consents herein by contacting in writing your local human
resources representative. You understand that withdrawal of consent may affect your ability
to exercise or realize benefits from the option.
	 
	13.	 	If any provision of this Agreement shall be invalid or unenforceable, such invalidity or
unenforceability shall not affect the validity and enforceability of the remaining provisions
of this Agreement.
	 
	14.	 	You should be aware that you may be entitled to revoke this Agreement and your acceptance of
the grant of the Stock Option pursuant to the Austrian Consumer Protection Act under the
following conditions: (a) if you sign this Agreement outside of the business premises of your
employer, you may be entitled to revoke the Agreement provided the revocation is made within
one week of your acceptance; or (b) if circumstances relevant to your decision to enter into
the Agreement, as presented by the Company, either do not materialize or materialize to a
significantly reduced extent, though no fault of your own, you may be entitled to revoke the
Agreement. This revocation must be made within one week of the time that it is foreseeable
that the circumstances mentioned above do not materialize or materialize at a significantly
reduced extent. If you revoke under sections (a) or (b) listed above, the revocation must be
in written form to be valid. It is sufficient if you return this Agreement to the Company or
the Company’s representative with language which can be understood as your refusal to conclude
or honor this Agreement.
	 
	15.	 	You acknowledge that you have read the Company’s Clawback Policy. In consideration of the
grant of this Stock Option, you agree to abide by the Company’s Clawback Policy as it may be
amended from time to time, and any determinations of the Board pursuant to the Clawback
Policy. Without limiting the foregoing, and notwithstanding any provision of this Agreement
to the contrary, if the Board determines that any Incentive Compensation (as defined in the
Company’s Clawback Policy) received by or paid to you resulted from any financial result or
performance metric that was impacted by your misconduct or fraud and that compensation should
be recovered from you (such amount being recovered, the “Clawbacked Compensation”), then upon
such determination, the Board may recover such Clawbacked Compensation by (a) cancelling all
or any portion of this Stock Option (the “Clawbacked Portion”) and, in such case, you shall
cease to be entitled to exercise the Clawbacked Portion of this Stock Option and the
Clawbacked Portion of this Stock Option shall automatically and

Section 16 Officers (Non-U.S.) 

 

	 	 	without further action of the
Company be cancelled, (b) requiring you to deliver to the Company shares of Common Stock
acquired upon the exercise of this Stock Option (to the extent held by you), (c) requiring you
to repay to the Company any profit resulting from the sale of shares of Common Stock acquired
upon the exercise of this Stock Option or (d) any combination of the remedies set forth in
clauses (a), (b) or (c). The foregoing remedies are in addition to and separate from any
other relief available to the Company due to your misconduct or fraud. Any determination by
the Board with respect to the foregoing shall be final, conclusive and binding upon you and
all persons claiming through you.

	 	 	 	 	 	 	 	 	 	 	 
	I hereby confirm that the foregoing
and the documents attached hereto are
hereby in all respects accepted and
agreed to by the undersigned as of
the date of this Agreement:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	 	 	 	 	Printed Name:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 

Section 16 Officers (Non-U.S.)exv10w39

Exhibit 10.39

THE WESTERN UNION COMPANY
PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD NOTICE

     Pursuant to The Western Union Company 2006 Long-Term Incentive Plan (the “Plan”),
________________ (“Executive”) has been granted the Performance-Based Restricted Stock Unit Award
described below (the “Award”). Certain terms and conditions of the Award are set forth immediately
below in this Award Notice. Other terms and conditions are set forth in the Performance-Based
Restricted Stock Unit Award Agreement which is appended to this Award Notice. The Award Notice and
the Performance-Based Restricted Stock Unit Award Agreement are together the “Agreement” which is
made and entered into between The Western Union Company, a Delaware corporation (“the Company”),
and Executive as of the Grant Date. Capitalized terms not otherwise defined in this Award Notice
are defined in the Plan or the Performance-Based Restricted Stock Unit Award Agreement.

	 	 	 

	Grant Date:

	 	[Insert Date]
	 
	 	 
	Target Award:

	 	___ shares of Common Stock
	 
	 	 
	Maximum Award:

	 	___ shares of Common Stock
	 
	 	 
	Performance Period:

	 	January 1, 2011 – December 31, 2012
	 
	 	 
	Performance Measure:

	 	$1,000,000,000 Combined Consolidated Operating Income
	 
	 	 
	Vesting Date:

	 	Third anniversary of Grant Date

	 	 	 	 	 	 	 	 	 

	 	 	 	 	THE WESTERN UNION COMPANY,	 	 
	 	 	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

(Section 16 Officers)

 

 

THE WESTERN UNION COMPANY 2006 LONG-TERM INCENTIVE PLAN

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT —

TERMS AND CONDITIONS — SECTION 16 OFFICERS

	1.	 	Pursuant to The Western Union Company 2006 Long-Term Incentive Plan (the “Plan”), The Western
Union Company (the “Company”) hereby grants to you (“Executive”) an award of Restricted Stock
Units (the “Units”), in the amount specified in your Award Notice (which forms part of this
Agreement) as of the Grant Date specified in your Award Notice, related to shares of the
Company’s common stock (“Shares”), subject to the terms and conditions set forth in this
Agreement and the Plan. The terms of the Plan are hereby incorporated in this Agreement by
this reference and made a part hereof. Capitalized terms not defined herein shall have the
same definitions as set forth in the Plan.
	 
	2.	 	Each Unit shall provide for the issuance and transfer to Executive of one Share upon lapse of
the restrictions set forth in paragraph 3 below and subject to the satisfaction of the
Performance Measure during the Performance Period set forth in the Award Notice and the
Committee’s determination of the amount of the Award payable to Executive in accordance with
Exhibit A. Upon issuance and transfer of Shares to Executive following the Restricted Period
(as defined herein), Executive shall have all rights incident to ownership of such Shares,
including but not limited to voting rights and the right to receive dividends.
	 
	3.	 	Subject to other provisions of this Agreement and the terms of the Plan, on the third
anniversary of the Grant Date, subject to the satisfaction of the Performance Measure during
the Performance Period set forth in the Award Notice and the Committee’s determination of the
amount of the Award payable to Executive in accordance with Exhibit A, all restrictions on the
Units shall lapse and the number of Shares subject to the Units determined by the Committee to
be transferred to Executive in accordance with Exhibit A shall be issued and transferred to
Executive. Effective on and after such date, subject to applicable laws and Company policies,
Executive may hold, assign, pledge, sell, or transfer the Shares transferred to Executive in
Executive’s discretion. The three year period in which the Units may be forfeited by
Executive is defined as the “Restricted Period.”
	 
	 	 	Notwithstanding the foregoing provisions in this paragraph 3, you will forfeit all rights to
the Units unless you accept these Terms and Conditions either through on-line electronic
acceptance (if permitted by the Company) or by signing and returning to the Company a copy
of these Terms and Conditions prior to the third anniversary of the Grant Date. Signed
copies of these Terms and Conditions should be sent to the attention of: Western Union Stock
Plan Administration, 12500 E. Belford Avenue, M21B2, Englewood, Colorado 80112. In
addition, notwithstanding any other provision of the Plan or this Agreement, in order for
the restrictions on the Units to lapse, you must execute and return to the
Company or accept electronically an updated restrictive covenant agreement (and exhibits)

(Section 16 Officers)

 

 

	 	 	if
requested by the Company which may contain certain noncompete, nonsolicitation and/or
nondisclosure provisions. Failure to execute or electronically accept such an agreement
prior to the third anniversary of the Grant Date will cause the Units to be forfeited.
	 
	 	 	Prior to the issuance and transfer of Shares, the Units will represent only an unfunded and
unsecured obligation of the Company. Any Shares determined by the Committee to be
transferred to Executive in accordance with Exhibit A shall be issued and transferred to
Executive as soon as administratively practicable after the end of the Restricted Period,
and in no event later than March 15 of the calendar year immediately following the year in
which the Restricted Period ends. If at any time the Company determines, in its discretion,
that the listing, registration or qualification of the Shares upon any securities exchange
or under any state or federal law, or the consent or approval of any governmental authority
is necessary or desirable as a condition to the issuance and transfer of Shares to the
Executive (or his or her estate), such issuance and transfer will not occur unless and until
such listing, registration, qualification, consent or approval will have been effected or
obtained.
	 
	4.	 	Executive may elect to satisfy his or her obligation to advance the amount of any required
income or other withholding taxes (the “Required Tax Payments”) incurred in connection with
the issuance and transfer of the Shares by any of the following means: (1) a cash payment to
the Company, (2) delivery (either actual delivery or by attestation procedures established by
the Company) to the Company of Common Stock having an aggregate Fair Market Value, determined
as of the Tax Date, equal to the amount necessary to satisfy any such obligation,
(3) authorizing the Company to withhold whole shares of Common Stock which would otherwise be
delivered to Executive having an aggregate Fair Market Value, determined as of the Tax Date,
or withhold an amount of cash which would otherwise be payable to Executive, equal to the
amount necessary to satisfy any such obligation, (4) a cash payment to the Company by a
broker-dealer acceptable to the Company to whom Executive has submitted an irrevocable notice
of sale, or (5) any combination of (1) and (2). Shares of Common Stock to be delivered or
withheld may not have an aggregate Fair Market Value in excess of the amount determined by
applying the minimum statutory withholding rate.
	 
	5.	 	The Units may not be sold, assigned, transferred, pledged, or otherwise disposed of, except
by will or the laws of descent and distribution, while subject to restrictions. If Executive
or anyone claiming under or through Executive attempts to make any such sale, transfer,
assignment, pledge or other disposition of Units in violation of this paragraph 5, such
attempted violation shall be null, void, and without effect.
	 
	6.	 	Executive shall forfeit Executive’s right to any unvested Units if Executive’s continuous
employment with the Company or a Subsidiary or Affiliate terminates for any reason during the
Restricted Period (except solely by reason of a period of Related Employment or as set forth
in
paragraphs 7 and 9).

(Section 16 Officers)

 

 

	7.	 	If Executive’s employment with the Company terminates for any reason, other than voluntary
termination by Executive, death, Disability, Retirement or for Cause, and paragraph 9 does not
apply, Executive shall be entitled to a prorated Award. Such prorated Award shall be equal to
the amount of the Award which is actually earned, based upon satisfaction of the Performance
Measure during the Performance Period (as certified by the Committee in writing) and the
Committee’s determination of the amount of the Award payable to Executive in accordance with
Exhibit A, multiplied by a fraction, the numerator of which shall equal the number of days
Executive was employed with the Company during the Restricted Period and the denominator of
which shall equal the number of days in the Restricted Period.
	 
	 	 	If Executive’s employment with the Company terminates by reason of death or Disability, the
Award shall be paid, to the extent earned, based upon satisfaction of the Performance
Measure during the applicable Performance Period (as certified by the Committee in writing)
and the Committee’s determination of the amount of the Award payable to Executive in
accordance with Exhibit A, to Executive or Executive’s executor, administrator, legal
representative, beneficiary or similar person (together, the “Beneficiary”), as the case may
be, as if Executive had remained employed with the Company through the end of the Restricted
Period.
	 
	 	 	If Executive’s employment with the Company terminates by reason of Retirement, Executive
shall be entitled to a prorated Award. Such prorated Award shall be equal to the amount of
the Award which is actually earned, based upon satisfaction of the Performance Measure
during the Performance Period (as certified by the Committee in writing) and the Committee’s
determination of the amount of the Award payable to Executive in accordance with Exhibit A,
multiplied by a fraction, the numerator of which shall equal the number of days Executive
was employed with the Company during the Restricted Period and the denominator of which
shall equal the number of days in the Restricted Period.
	 
	 	 	If Executive’s employment with the Company is terminated voluntarily by Executive (except
for an Eligible Termination Reason described in Section 5(b) of the Severance/Change in
Control Policy applicable to members of the Company’s Executive Committee at the time of a
Change in Control) or is terminated by the Company for Cause, Executive’s Award shall,
except to the extent vested as of the date of termination, be immediately forfeited.
	 
	8.	 	During the Restricted Period, Executive (and any person succeeding to Executive’s rights
pursuant to the Plan) will have no ownership interest or rights in Shares underlying the
Units, including no rights to receive dividends or other distributions made or paid with
respect to such Shares or to exercise voting or other shareholder rights with respect to such
Shares. Executive shall not be entitled to receive dividend equivalents in connection with
this Award.
	 
	9.	 	If Executive is eligible to participate in the Severance/Change in Control Policy applicable
to
members of the Company’s Executive Committee at the time of a Change in Control and
Executive’s employment with the Company, a Subsidiary or an Affiliate terminates for an
eligible reason under such policy during the 24-month period commencing on the effective
date

(Section 16 Officers)

 

 

		 	of the Change in Control, then, subject to the terms of such policy, any remaining
restrictions applicable to the Units shall lapse effective on the date of Executive’s
termination; provided, however, that the Award will vest and be payable only if the
Performance Measure is attained (as certified by the Committee in writing).
	 
	10.	 	The terms of this Agreement may be amended from time to time by the Committee in its sole
discretion in any manner that it deems appropriate; provided, however, that no such amendment
shall adversely affect in a material manner any right of Executive under this Agreement
without Executive’s written consent.
	 
	11.	 	Any action taken or decision made by the Company, the Board, or the Committee or its
delegates arising out of or in connection with the construction, administration,
interpretation or effect of the Plan or this Agreement shall lie within its sole and absolute
discretion, as the case may be, and shall be final, conclusive and binding on Executive and
all persons claiming under or through Executive. By accepting this grant of Units or other
benefit under the Plan, Executive and each person claiming under or through Executive shall be
conclusively deemed to have indicated acceptance and ratification of, and consent to, any
action taken under the Plan by the Company, the Board or the Committee or its delegates.
	 
	12.	 	This grant of Units is discretionary, non-binding for future years and there is no promise or
guarantee that such grants will be offered to Executive in future years.
	 
	13.	 	The validity, construction, interpretation, administration and effect of these Terms and
Conditions and the Plan and rights relating to the Plan and to this Agreement, shall be
governed by the substantive laws, but not the choice of law rules, of the State of Delaware.
	 
	14.	 	If one or more provisions of this Agreement shall be held invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of the remaining provisions shall
not in any way be affected or impaired thereby and the invalid, illegal or unenforceable
provisions shall be deemed null and void; however, to the extent permissible by law, any
provisions which could be deemed null and void shall first be construed, interpreted or
revised retroactively to permit this Agreement to be construed as to foster the intent of this
Agreement and the Plan.
	 
	15.	 	Executive acknowledges that Executive has read the Company’s Clawback Policy. In
consideration of the grant of the Units, Executive agrees to abide by the Company’s Clawback
Policy and any determinations of the Board pursuant to the Clawback Policy. Without limiting
the foregoing, and notwithstanding any provision of this Agreement to the contrary, if the
Board determines that any Incentive Compensation (as defined in the Company’s Clawback Policy)
received by or paid to Executive resulted from any financial result or performance metric that
was impacted by Executive’s misconduct or fraud and that compensation should be recovered
from Executive (such amount being recovered, the “Clawbacked Compensation”), then upon such
determination, the Board may recover such Clawbacked Compensation by (a) cancelling all or
any portion of the unvested Units (the “Clawbacked Portion”) and, in such case, the

(Section 16 Officers)

 

 

	 	 	Clawbacked Portion of the unvested Units shall automatically and without further action of
the Company be cancelled, (b) requiring Executive to deliver to the Company shares of Common
Stock acquired upon the vesting of the Units (to the extent held by Executive), (c)
requiring Executive to repay to the Company any net proceeds resulting from the sale of
shares of Common Stock acquired upon the vesting of the Units or (d) any combination of the
remedies set forth in clauses (a), (b) or (c). The foregoing remedies are in addition to
and separate from any other relief available to the Company due to Executive’s misconduct or
fraud. Any determination by the Board with respect to the foregoing shall be final,
conclusive and binding upon Executive and all persons claiming through Executive.
	 
	16.	 	To the extent any amounts under this Agreement are payable by reference to Executive’s
“termination of employment,” such term shall be deemed to refer to Executive’s “separation
from service,” within the meaning of Section 409A of the Code. Notwithstanding any other
provision in this Agreement, if Executive is a “specified employee,” as defined in Section
409A of the Code, as of the date of Executive’s separation from service, then to the extent
any amount payable under this Agreement (i) constitutes the payment of nonqualified deferred
compensation, within the meaning of Section 409A of the Code, (ii) is payable upon Executive’s
separation from service and (iii) under the terms of this Agreement would be payable prior to
the six-month anniversary of Executive’s separation from service, such payment shall be
delayed until the earlier to occur of (a) the six-month anniversary of the separation from
service or (b) the date of Executive’s death.

	 	 	 	 	 	 	 	 	 	 	 

	 	 	I hereby confirm that the foregoing
and the documents attached hereto are
hereby in all respects accepted and
agreed to by the undersigned as of
the date of this Agreement:	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Signature:
	 	 	 	Printed Name:	 	 	 	 
	 

	 	 	 	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Date:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

(Section 16 Officers)

 

 

EXHIBIT A

(Section 16 Officers)

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