Document:

Exhibit 10.4

ACI WORLDWIDE, INC.

Nonqualified
Stock Option Agreement - Employee

2005 Equity and Performance
Incentive Plan

(Amended
by the Stockholders July 24, 2007)

This Stock Option
Agreement (the “Option Agreement”) is made as of
                  ,
by and between ACI Worldwide, Inc., a Delaware corporation (the “Corporation”),
and [                     ],
an employee of the Corporation or its Subsidiaries (the “Optionee”).

WHEREAS, the Board
of Directors of the Corporation has duly adopted, and the stockholders of the
Corporation have approved, the 2005 Equity and Performance Plan, as amended
(the “Plan”), which Plan authorizes the Corporation to grant to eligible
individuals options for the purchase of shares of the Corporation’s Common
Stock (the “Stock”); and

WHEREAS, the Board
of Directors of the Corporation has determined that it is desirable and in the
best interests of the Corporation and its stockholders to grant the Optionee an
option to purchase a certain number of shares of Stock, in order to provide the
Optionee with an incentive to advance the interests of the Corporation, all
according to the terms and conditions set forth herein.

NOW, THEREFORE, in
consideration of the mutual promises and covenants contained herein, the
parties hereto do hereby agree as follows:

1.             GRANT OF NON-QUALIFIED STOCK OPTION

Subject to the terms of the Plan, the Corporation
hereby grants to the Optionee the right and option (the “Option”) to purchase
from the Corporation, on the terms and subject to the conditions set forth in
this Option Agreement, [__________]
shares of Stock (the “Option Shares”). 
The Date of Grant of this Option is ______________.  This Option shall not
constitute an incentive stock option within the meaning of Section 422 of the
Internal Revenue Code of 1986, as amended (the “Code”).

2.             TERMS OF PLAN

The Option granted
pursuant to this Option Agreement is granted subject to the terms and
conditions set forth in the Plan, a copy of which has been delivered to the
Optionee.  All terms and conditions of
the Plan, as may be amended from time to time, are hereby incorporated into
this Option Agreement by reference and shall be deemed to be a part of this
Option Agreement, without regard to whether such terms and conditions
(including, for example, provisions relating to certain changes in
capitalization of the Corporation) are otherwise set forth in this Option
Agreement.  In the event that there is
any inconsistency between the provisions of this Option Agreement and of the
Plan, the provisions of the Plan shall govern. 
Capitalized terms used herein that are not otherwise defined shall have
the meaning ascribed to them in the Plan.

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3.             EXERCISE PRICE

The exercise price for the shares of Stock subject to
the Option granted by this Option Agreement is
$           per share (the “Exercise
Price”).

4.             EXERCISE OF OPTION

Subject to the
provisions of the Plan and subject to the earlier expiration or termination of
this Option in accordance with its terms, the Option granted pursuant to this
Option Agreement shall be exercisable only as follows:

4.1          Time
of Exercise of Option

4.1.1                        The Option shall become exercisable with
respect to the Option Shares only as follows: 
One-quarter of the Option Shares
([                ]
Option Shares) shall become exercisable on each of the first four anniversaries
of the Date of Grant if the Optionee shall have remained in the continuous
employ of the Corporation or any of its Subsidiaries as of each such date.

4.1.2                        Notwithstanding
Section 4.1.1 above, in accordance with the provisions of the Plan, if the
Optionee ceases to be an employee of the Corporation or a Subsidiary of the
Corporation by reason of Disability (as defined in Section 4.3.2 below), the
unexercised portion of any Option held by such Optionee at that time will
become immediately vested and will be exercisable until terminated in
accordance with Section 4.3 below.

4.1.3                        Notwithstanding Section 4.1.1 above, in
accordance with the provisions of the Plan, if the Optionee dies while employed
by the Corporation or a Subsidiary of the Corporation (or dies within a period
of one month after ceasing to be an employee for any reason other than
Disability or within a period of one year after ceasing to be an employee by
reason of Disability), the unexercised portion of any Option held by such
Optionee at the time of death will become immediately vested and will be
exercisable until terminated in accordance with Section 4.3 below.

4.1.4                        Notwithstanding Section 4.1.1 above, in
accordance with the provisions of the Plan, the Option granted under this
Option Agreement shall become immediately exercisable upon the occurrence of a
Change in Control (as defined in Section 10 below) if the Optionee is an
employee of the Corporation or any Subsidiary on the date of the consummation
of such Change in Control.

4.2          Limitations

The portion of the
Option that has not become exercisable as of the date of the Optionee’s
termination of employment with the Corporation or any of its Subsidiaries for
any reason shall automatically terminate as of the date of the Optionee’s
termination of employment with the Corporation or its Subsidiaries and shall
not become exercisable after such termination. 
To the extent the Option is exercisable, it may be exercised, in whole
or in part; provided, that no single 

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exercise of the
Option shall be for less than 100 shares, unless at the time of the exercise,
the maximum number of shares available for purchase under this Option is less
than 100 shares.  In no event shall the
Option be exercised for a fractional share.

4.3          Termination
of Option

This Agreement and
the Option granted hereby shall terminate automatically and without further
notice on the earliest of the following dates:

4.3.1                        90
calendar days from the date of the Optionee’s termination of employment with
the Corporation or a Subsidiary for any reason other than death or Disability
(as defined below);

4.3.2                        one
year after the Optionee’s permanent and total disability as defined in Section
22(e)(3) of the Code (“Disability”);

4.3.3                        one
year after the Optionee’s death, if such death occurs (i) while the Optionee is
employed by the Corporation or a Subsidiary, (ii) within the 90-day period
following the Optionee’s termination of employment for any reason other than
Disability; or (iii) within the one-year period following the Optionee’s
termination of employment by reason of the Optionee’s Disability; or

4.3.4                        ten
years from the Date of Grant.

The Corporation
shall have the authority to determine the date an Optionee ceases to be an
employee by reason of Disability.  In the
case of death, the Option may be exercised by the executor or administrator of
the Optionee’s estate or by any person or persons who shall have acquired the
Option directly from the Optionee by bequest or inheritance.  The Optionee shall be deemed to be an
employee of the Corporation or any Subsidiary if on a leave of absence approved
by the Board of Directors of the Corporation and the continuous employment of
the Optionee with the Corporation or any of its Subsidiaries will not be deemed
to have been interrupted, and the Optionee shall not be deemed to have ceased
to be an employee of the Corporation or its Subsidiaries, by reason of the
transfer of the Optionee’s employment among the Corporation and its
Subsidiaries.

4.4          Limitations
on Exercise of Option

In no event may
the Option be exercised, in whole or in part, after the occurrence of an event
which results in termination of the Option, as set forth in Section 4.3
above.  The Option shall not be
exercisable if and to the extent the Corporation determines such exercise or
method of exercise would violate applicable securities laws, the rules and
regulations of any securities exchange or quotation system on which the Stock
is listed, or the Corporation’s policies and procedures.

4.5          Method
of Exercise of Option

4.5.1                        To the extent then exercisable, the Option
may be exercised in whole or in part by written notice to the Corporation
stating the number of shares for which the Option is being exercised and the
intended manner of payment.  The date of
such notice shall be the exercise date. 
Payment equal to the aggregate Exercise Price 

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of the shares shall be payable (i) in cash in the form of currency or
check or other cash equivalent acceptable to the Corporation, (ii) by actual or
constructive transfer to the Corporation of nonforfeitable, outstanding shares
of Stock that have been owned by the Optionee for at least six months prior to
the date of exercise,  (iii) by any
combination of the foregoing methods of payment or (iv) in accordance with such
other method or manner as set forth below.

(A)          Cash Exercise (to exercise and
retain the Option Shares):  Subject
to the terms and conditions of this Option Agreement and the Plan, the Option
may be exercised by delivering written notice of exercise to the Corporation,
at its principal office, addressed to the attention of Stock Plan
Administration, or to the agent/broker designated by the Corporation, which
notice shall specify the number of shares for which the Option is being
exercised, and shall be accompanied by payment in full of the Exercise Price of
the shares for which the Option is being exercised plus the full amount of all
applicable withholding taxes due on the Option exercise.  Payment of the Exercise Price for the shares
of Stock purchased pursuant to the exercise of the Option shall be made either
in cash or by certified check payable to the order of the Corporation.  If the person exercising the Option is not
the Optionee, such person shall also deliver with the notice of exercise
appropriate proof of his or her right to exercise the Option, as the
Corporation may require in its sole discretion. 
Promptly after exercise of the Option as provided for above, the
Corporation shall deliver to the person exercising the Option a certificate or
certificates for the shares of Stock being purchased.

(B)           Same-Day-Sale Exercise (to
exercise and immediately sell all the Option Shares):  Subject to the terms and conditions of this
Option Agreement and the Plan, the Option may be exercised by delivering
written notice of exercise to the agent/broker designated by the Corporation,
which notice shall specify the number of shares for which the Option is being
exercised and irrevocable instructions to promptly (1) sell all of the shares
of Stock to be issued upon exercise and (2) remit to the Corporation the
portion of the sale proceeds sufficient to pay the Exercise Price for the
shares of Stock purchased pursuant to the exercise of the Option and all
applicable taxes due on the Option exercise. 
The agent/broker shall request issuance of the shares and immediately
and concurrently sell the shares on the Optionee’s behalf.  Payment of the Exercise Price for the shares
of Stock purchased pursuant to the exercise of the Option, any brokerage fees,
transfer fees, and all applicable taxes due on the Option exercise, shall be
deducted from the proceeds of the sale of the shares.  If the person exercising the Option is not
the Optionee, such person shall also deliver with the notice of exercise
appropriate proof of his or her right to exercise the Option, as the
Corporation may require in its sole discretion. 
Promptly after exercise of the Option as provided for above, the
agent/broker shall deliver to the person exercising the Option the net proceeds
from the sale of the shares of Stock being exercised and sold.

(C)           Sell-to-Cover
Exercise (to exercise and immediately sell a portion of the Option Shares):  Subject to the terms and conditions of this
Option 

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Agreement and the Plan, the Option may be
exercised by delivering written notice of exercise to the agent/broker
designated by the Corporation, which notice shall specify the number of shares
for which the Option is being exercised and irrevocable instructions to
promptly (1) sell the portion (which must be a whole number) of the shares of
Stock to be issued upon exercise sufficient to generate proceeds to pay the
Exercise Price for the shares of Stock purchased pursuant to the exercise of
the Option, any brokerage or transfer fees, and all applicable taxes due on the
Option exercise (collectively the “Exercise Costs”) and (2) remit to the
Corporation a sufficient portion of the sale proceeds to pay the Exercise Price
for the shares of Stock purchased pursuant to the exercise of the Option and
all applicable taxes due on the Option exercise.  The agent/broker shall request issuance of
the shares and immediately and concurrently sell on the Optionee’s behalf only
such number of the Shares as is required to generate proceeds sufficient to pay
the Exercise Costs.  Promptly after
exercise of the Option as provided for above, the Corporation shall deliver to
the person exercising the Option a certificate for the shares of Stock issued
upon exercise which are not sold to pay the Exercise Costs.  Promptly after exercise of the Option as
provided for above, the agent/broker shall deliver to the person exercising the
Option any net proceeds from the sale of the Shares in excess of the Exercise
Costs.  If the person exercising the
Option is not the Optionee, such person shall also deliver with the notice of
exercise appropriate proof of his or her right to exercise the Option, as the
Corporation may require in its sole discretion.

4.5.2                        As soon as practicable upon the Corporation’s
receipt of the Optionee’s notice of exercise and payment, the Corporation shall
direct the due issuance of the shares so purchased.

4.5.3                        As a further condition precedent to the
exercise of this Option in whole or in part, the Optionee shall comply with all
regulations and the requirements of any regulatory authority having control of,
or supervision over, the issuance of the shares of Stock and in connection
therewith shall execute any documents which the Board shall in its sole
discretion deem necessary or advisable.

5.             TRANSFERABILITY OF OPTIONS

During the
lifetime of an Optionee, only such Optionee (or, in the event of legal
incapacity or incompetency, the Optionee’s guardian or legal representative)
may exercise the Option.  No Option shall
be assignable or transferable by the Optionee to whom it is granted, other than
by will or the laws of descent and distribution.

6.             COMPLIANCE WITH LAW

The Corporation
shall make reasonable efforts to comply with all applicable federal and state
securities laws; provided, however, that notwithstanding any
other provision of this Option Agreement, the Option shall not be exercisable
if the exercise thereof would result in a violation of any such law.

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7.             RIGHTS AS STOCKHOLDER

Neither the Optionee nor any executor, administrator,
distributee or legatee of the Optionee’s estate shall be, or have any of the
rights or privileges of, a stockholder of the Corporation in respect of any
shares of Stock issuable hereunder unless and until such shares have been fully
paid and certificates representing such shares have been endorsed, transferred
and delivered, and the name of the Optionee (or of such personal
representative, administrator, distributee or legatee of the Optionee’s estate)
has been entered as the stockholder of record on the books of the Corporation.

8.             WITHHOLDING OF TAXES

If the Corporation shall be required to withhold any
federal, state, local or foreign tax in connection with exercise of this
Option, it shall be a condition to such exercise that the Optionee pay or make
provision satisfactory to the Corporation for payment of all such taxes.  The Optionee may elect that all or any part
of such withholding requirement be satisfied by retention by the Corporation of
a portion of the shares purchased upon exercise of this Option.  If such election is made, the shares so
retained shall be credited against such withholding requirement at the fair
market value on the date of exercise.

9.             DISCLAIMER OF RIGHTS

No provision in this Option Agreement shall be
construed to confer upon the Optionee the right to be employed by the
Corporation or any Subsidiary, or to interfere in any way with the right and
authority of the Corporation or any Subsidiary either to increase or decrease
the compensation of the Optionee at any time, or to terminate any employment or
other relationship between the Optionee and the Corporation or any Subsidiary.

10.          CHANGE
IN CONTROL

For purposes of
this Option Agreement, “Change in Control” means

(a)          Any individual, entity
or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the
beneficial owner (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of 20% or more of either (i) the then-outstanding shares of
common stock of the Company (the “Outstanding Company Common Stock”) or (ii)
the combined voting power of the then-outstanding voting securities of the
Company entitled to vote generally in the election of directors (the “Outstanding
Company Voting Securities”); provided, however, that, for purposes of this
Section 1(d), the following acquisitions shall not constitute a Change in
Control:  (A) any acquisition directly
from the Company, (B) any acquisition by the Company, (C) any acquisition by
any employee benefit plan (or related trust) sponsored or maintained by the
Company or any Affiliated Company or (iv) any acquisition by any corporation
pursuant to a transaction that complies with Sections 10(c)(A), 10(c)(B) and
10(c)(C);

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(b)         Any time at which
individuals who, as of the date hereof, constitute the Board (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board;
provided, however, that any individual becoming a director subsequent to the
date hereof whose election, or nomination for election by the Company’s
stockholders, was approved by a vote of at least a majority of the directors
then comprising the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies
or consents by or on behalf of a Person other than the Board;

(c)          Consummation of a
reorganization, merger, statutory share exchange or consolidation or similar
transaction involving the Company or any of its subsidiaries, a sale or other
disposition of all or substantially all of the assets of the Company, or the
acquisition of assets or stock of another entity by the Company or any of its
subsidiaries (each, a “Business Combination”), in each case unless, following
such Business Combination, (A) all or substantially all of the individuals and
entities that were the beneficial owners of the Outstanding Company Common
Stock and the Outstanding Company Voting Securities immediately prior to such
Business Combination beneficially own, directly or indirectly, more than 50% of
the then-outstanding shares of common stock (or, for a non-corporate entity,
equivalent securities) and the combined voting power of the then-outstanding
voting securities entitled to vote generally in the election of directors (or,
for a non-corporate entity, equivalent governing body), as the case may be, of
the entity resulting from such Business Combination (including, without
limitation, an entity that, as a result of such transaction, owns the Company
or all or substantially all of the Company’s assets either directly or through
one or more subsidiaries) in substantially the same proportions as their
ownership immediately prior to such Business Combination of the Outstanding
Company Common Stock and the Outstanding Company Voting Securities, as the case
may be, (B) no Person (excluding any corporation resulting from such Business
Combination or any employee benefit plan (or related trust) of the Company or
such corporation resulting from such Business Combination) beneficially owns,
directly or indirectly, 20% or more of, respectively, the then-outstanding
shares of common stock of the corporation resulting from such Business Combination
or the combined voting power of the then-outstanding voting securities of such
corporation, except to the extent that such ownership existed prior to the
Business Combination, and (C) at least a majority of the members of the board
of directors (or, for a non-corporate entity, equivalent governing body) of the
entity resulting from such Business Combination were members of the Incumbent
Board at the time of the execution of the initial agreement or of the action of
the Board providing for such Business Combination; or

(d)         Approval by the
stockholders of the Company of a complete liquidation or dissolution of the Company.

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11.          COMPLIANCE WITH SECTION 409A OF THE CODE.

To the extent applicable, it is intended that this Option Agreement and
the Plan comply with the provisions of Section 409A of the Code, so that the
income inclusion provisions of Section 409A(a)(1) do not apply to Optionee.  This Option Agreement and the Plan shall be
administered in a manner consistent with this intent, and any provision that
would cause the Option Agreement or the Plan to fail to satisfy Section 409A of
the Code shall have no force and effect until amended to comply with Section
409A of the Code (which amendment may be retroactive to the extent permitted by
Section 409A of the Code and may be made by the Corporation without the consent
of the Optionee).

12.          INTERPRETATION OF THIS OPTION AGREEMENT

All decisions and interpretations made by the Board or
the Compensation Committee thereof with regard to any question arising under
the Plan or this Option Agreement shall be binding and conclusive on the
Corporation and the Optionee and any other person entitled to exercise the
Option as provided for herein.

13.          GOVERNING LAW

This Option Agreement shall be governed by the laws of
the State of Delaware (but not including the choice of law rules thereof).

14.          BINDING EFFECT

Subject to all
restrictions provided for in this Option Agreement, the Plan, and by applicable
law relating to assignment and transfer of this Option Agreement and the Option
provided for herein, this Option Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective heirs, executors,
administrators, successors and assigns.

15.          NOTICE

Any notice hereunder by the Optionee to the
Corporation shall be in writing and shall be deemed duly given if mailed or
delivered to the Corporation at its principal office, addressed to the
attention of Stock Plan Administration or if so mailed or delivered to such
other address as the Corporation may hereafter designate by notice to the
Optionee.  Any notice hereunder by the
Corporation to the Optionee shall be in writing and shall be deemed duly given
if mailed or delivered to the Optionee at the address specified below by the
Optionee for such purpose, or if so mailed or delivered to such other address
as the Optionee may hereafter designate by written notice given to the
Corporation.

16.          SEVERABILITY

If one or more of
the provisions of this Option Agreement is invalidated for any reason by a
court of competent jurisdiction, any provision so invalidated shall be deemed
to be separable from the other provisions hereof, and the remaining provisions
hereof shall continue to be valid and fully enforceable.

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17.          ENTIRE AGREEMENT; ELIGIBILITY

This Option Agreement and the Plan together constitute
the entire agreement and supersedes all prior understandings and agreements,
written or oral, of the parties hereto with respect to the subject matter
hereof.  Except for amendments to the
Plan incorporated into this Option Agreement by reference pursuant to Section 2
above, neither this Option Agreement nor any term hereof may be amended,
waived, discharged or terminated except by a written instrument signed by the
Corporation and the Optionee; provided, however, that the
Corporation unilaterally may waive any provision hereof in writing to the
extent that such waiver does not adversely affect the interests of the Optionee
hereunder, but no such waiver shall operate as or be construed to be a
subsequent waiver of the same provision or a waiver of any other provision
hereof.  In the event that it is
determined that the Optionee was not eligible to receive this Option, the
Option and this Option Agreement shall be null and void and of no further
effect.

 

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SIGNATURE PAGE

IN WITNESS WHEREOF, the parties hereto have duly
executed this Option Agreement, or caused this Option Agreement to be duly
executed on their behalf, as of the day and year first above written.

	
  ACI Worldwide, Inc.:

  	
   

  	
  Optionee:

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  [____________________]

  	
   

  	
   

  	
   

  	
  [____________________]

  
	
  

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

 

	
  

  	
  ADDRESS FOR NOTICE TO OPTIONEE:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Number                Street                
  Apt.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  City                State
                  Zip
  Code

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SS#                                          Hire
  Date

  
	
   

  	
   

  	
   

  
	
   

  	
  DESIGNATED BENEFICIARY:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Please Print Last Name, First Name MI

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Beneficiary’s Street Address

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  City                      State
                        Zip
  Code

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Beneficiary’s Social Security Number

  

 

I understand that
in the event of my death, the above named beneficiary will have control of any
unexercised options remaining in my account at that time.  If no beneficiary is designated or if the
named beneficiary does not survive me, the options will become part of my
estate. This beneficiary designation does NOT apply to stock acquired by the
exercise of options prior to my death.

	
  

  	
   

  	
   

  
	
   

  	
   

  	
  SIGNATURE                                 DATE

  

 

	
   

  After completing this page,
  please make a copy for your records and return it to Stock Plan
  Administration, ACI Worldwide, Inc., 224 South 108 Avenue, Omaha, NE 68154

   

  

 

2005
Equity and Performance Plan, as amended - US Plan

__________ Options 
                      $_______/Share
Exercise Price                         ______________Exhibit
10.5

ACI
WORLDWIDE, INC.

LTIP
Performance Shares Agreement

(2005 Equity and Performance
Incentive Plan)

(Amended
by the Stockholders July 24, 2007)

This
LTIP Performance Shares Agreement (this “Agreement”) is made as of                   
between ACI Worldwide, Inc., a Delaware corporation (the “Corporation”) and                                          ,
an employee of the Corporation or its Subsidiaries (the “Grantee”).

WHEREAS,
the Board of Directors of the Corporation has duly adopted, and the
stockholders of the Corporation have approved, the 2005 Equity and Performance
Incentive Plan, as amended (the “Plan”), which authorizes the Corporation to
grant to eligible individuals performance shares, each such performance share
being equal in value to one share of the Corporation’s common stock, par value
of $0.005 per share (the “Common Shares”); and

WHEREAS,
the Board of Directors of the Corporation has determined that it is desirable
and in the best interests of the Corporation and its stockholders to approve a
long-term incentive plan in 2005 and, in connection therewith, to grant the
Grantee a certain number of performance shares, in order to provide the Grantee
with an incentive to advance the interests of the Corporation, all according to
the terms and conditions set forth herein and in the Plan.

NOW,
THEREFORE, in consideration of the mutual promises and covenants contained
herein, the parties hereto do hereby agree as follows:

1.                                       Grant of Performance Shares.

(a)                                  Subject to the terms
of the Plan, the Corporation hereby grants to the Grantee                             performance
shares (the “Performance Shares”), payment of which depends on the Corporation’s
performance as set forth in this Agreement and in the Statement of Performance
Goals (the “Statement of Performance Goals”) approved by the Compensation
Committee of the Corporation’s Board of Directors (the “Committee”).

(b)                                 The Grantee’s right to
receive all or any portion of the Performance Shares will be contingent upon
the achievement of certain management objectives (the “Management Objectives”),
as set forth in the Statement of Performance Goals.  The achievement of the Management Objectives
will be measured during the period from                                 
through                                         
(the “Performance Period”).

(c)                                  The Management
Objectives for the Performance Period will be based on Revenue (as defined in
the Statement of Performance Goals) (“Revenue”), Earnings per Share (as defined
in the Statement of Performance Goals (“EPS”) and Backlog (as defined in the
Statement of Performance Goals) (“Backlog”). 
Each of the Management Objectives will be weighted as follows:

(i)                                     forty
percent (40%) of the total number of Performance Shares will be based on
Revenue (the “Revenue Performance Shares”);

(ii)                                  forty
percent (40%) of the total number of Performance Shares will be based on EPS
(the “EPS Performance Shares”); and

(iii)                               twenty
percent (20%) of the total number of Performance Shares will be based on
Backlog (the “Backlog Performance Shares”).

2.                                       Earning of Performance Shares.

(a)                                  Initial Hurdle.  Notwithstanding anything to the contrary
contained in this Agreement or in the Statement of Performance Goals, in no
event shall any Performance Shares become earned if upon the conclusion of the
Performance Period actual performance relating to EPS is below threshold level
as set forth in the Performance Matrix contained in the Statement of
Performance Goals.

(b)                                 The Revenue
Performance Shares.

(i)                                     If,
upon the conclusion of the Performance Period, Revenue falls below the
threshold level, as set forth in the Performance Matrix contained in the
Statement of Performance Goals, none of the Revenue Performance Shares shall
become earned.

(ii)                                  If,
upon the conclusion of the Performance Period, Revenue equals or exceeds the
threshold level, but is less than the 100% target level, as set forth in the
Performance Matrix contained in the Statement of Performance Goals, a
proportionate number of the Revenue Performance Shares shall become earned, as
determined by mathematical interpolation and rounded up to the nearest whole
share.

(iii)                               If,
upon the conclusion of the Performance Period, Revenue equals or exceeds the
100% target level, but is less than the maximum level, as set forth in the
Performance Matrix contained in the Statement of Performance Goals, a
proportionate number of the Revenue Performance Shares shall become earned, as
determined by mathematical interpolation and rounded up to the nearest whole
share.

(iv)                              If,
upon the conclusion of the Performance Period, Revenue equals or exceeds the
maximum level, as set forth in the Performance Matrix contained in the
Statement of Performance Goals, 150% of the Revenue Performance Shares shall
become earned.

(c)                                  The EPS Performance
Shares.

(i)                                     If,
upon the conclusion of the Performance Period, EPS falls below the threshold
level, as set forth in the Performance Matrix contained in the Statement of
Performance Goals, none of the EPS Performance Shares shall become earned.

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(ii)                                  If,
upon the conclusion of the Performance Period, EPS equals or exceeds the
threshold level, but is less than the 100% target level, as set forth in the
Performance Matrix contained in the Statement of Performance Goals, a
proportionate number of the EPS Performance Shares shall become earned, as
determined by mathematical interpolation and rounded up to the nearest whole
share.

(iii)                               If,
upon the conclusion of the Performance Period, EPS equals or exceeds the 100%
target level, but is less than the maximum level, as set forth in the
Performance Matrix contained in the Statement of Performance Goals, a
proportionate number of the EPS Performance Shares shall become earned, as
determined by mathematical interpolation and rounded up to the nearest whole
share.

(iv)                              If,
upon the conclusion of the Performance Period, EPS equals or exceeds the
maximum level, as set forth in the Performance Matrix contained in the
Statement of Performance Goals, 150% of the EPS Performance Shares shall become
earned.

(d)                                 The Backlog Performance
Shares.

(i)                                     If,
upon the conclusion of the Performance Period, Backlog falls below the
threshold level, as set forth in the Performance Matrix contained in the
Statement of Performance Goals, none of the Backlog Performance Shares shall
become earned.

(ii)                                  If,
upon the conclusion of the Performance Period, Backlog equals or exceeds the
threshold level, but is less than the 100% target level, as set forth in the
Performance Matrix contained in the Statement of Performance Goals, a
proportionate number of the Backlog Performance Shares shall become earned, as
determined by mathematical interpolation and rounded up to the nearest whole
share.

(iii)                               If,
upon the conclusion of the Performance Period, Backlog equals or exceeds the
100% target level, but is less than the maximum level, as set forth in the
Performance Matrix contained in the Statement of Performance Goals, a
proportionate number of the Backlog Performance Shares shall become earned, as
determined by mathematical interpolation and rounded up to the nearest whole
share.

(iv)                              If,
upon the conclusion of the Performance Period, Backlog equals or exceeds the
maximum level, as set forth in the Performance Matrix contained in the
Statement of Performance Goals, 150% of the Backlog Performance Shares shall
become earned.

(e)                                  Modification.  If the Committee determines that a change in
the business, operations, corporate structure or capital structure of the
Corporation, the manner in which it conducts business or other events or
circumstances render the Management Objectives to be unsuitable, the Committee
may modify such Management Objectives or the related levels of achievement, in
whole or in part, 

 3
 

as the Committee deems appropriate; provided, however,
that no such action may result in the loss of the otherwise available exemption
of the award under Section 162(m) of the Internal Revenue Code of 1986, as
amended (the “Code”).

(f)                                    Conditions;
Determination of Earned Award. 
Except as otherwise provided herein, the Grantee’s right to receive any
Performance Shares is contingent upon his or her remaining in the continuous
employ of the Corporation or a Subsidiary through the end of the Performance
Period.  For purposes of this Agreement,
the continuous employ of the Grantee shall not be considered interrupted or
terminated in the case of transfers between locations of the Corporation and
its Subsidiaries.  Following the
Performance Period, the Committee (or the independent members of the Board of
Directors) shall certify that the Management Objectives have been satisfied and
shall determine the number of Performance Shares that shall have become earned
hereunder.  In all circumstances, the
Committee (or the independent members of the Board of Directors) shall have the
ability and authority to reduce, but not increase, the amount of Performance
Shares that become earned hereunder.

3.                                       Change in Control.  If a Change in Control (as defined in Exhibit
A) occurs following completion of the first full fiscal quarter of the
Performance Period but before the payment of the Performance Shares as set
forth in Section 7 below, the Corporation shall pay to the Grantee, as soon as
practicable following the Change in Control, a number of Performance Shares
equal to (i) the number of Performance Shares to which the Grantee would have
been entitled under Section 2 above based on the performance of the Corporation
during the full fiscal quarters completed during the Performance Period until
the date of the Change in Control (and annualized based on the completed fiscal
quarters for any partial years during the Performance Period), multiplied by
(ii) a fraction, the numerator of which is the number of full fiscal quarters
completed during the Performance Period until the date of the Change in Control
and the denominator of which is 12.

4.                                       Retirement, Disability, Death or Termination without
Cause.  If the Grantee’s
employment with the Corporation or a Subsidiary terminates following completion
of the first full fiscal quarter of the Performance Period but before the
payment of the Performance Shares as set forth in Section 7 below due to (a)
the Grantee’s retirement approved by the Corporation, (b) Disability, (c) death
or (d) a termination by the Corporation without cause, the Corporation shall
pay to the Grantee or his or her executor or administrator, as the case may be,
as soon as practicable following such termination of employment, a number of
Performance Shares equal to (i) the number of Performance Shares to which the
Grantee would have been entitled under Section 2 above based on the performance
of the Corporation during the full fiscal quarters completed during the
Performance Period until the date of termination (and annualized based on the
completed fiscal quarters for any partial years during the Performance Period),
multiplied by (ii) a fraction, the numerator of which is the number of full
fiscal quarters the Grantee was employed during the Performance Period and the
denominator of which is 12.  For purposes
of this Agreement, “Disability” means the Grantee’s permanent and total
disability as defined in Section 22(e)(3) of the Code.

 4
 

5.                                       Other Termination.  If the Grantee’s employment with the
Corporation or a Subsidiary terminates before the payment of the Performance
Shares as provided in Section 7 hereof for any reason other than as set forth
in Section 4 above, the Performance Shares will be forfeited.

6.                                       Leaves of Absence.  If the Grantee was on short-term disability,
long-term disability or unpaid leave of absence approved by the Corporation for
more than 30 calendar days during any fiscal quarter during the Performance
Period, the number of Performance Shares earned by the Grantee will be reduced
such that the Grantee will only be entitled to (i) the number of Performance
Shares to which the Grantee would have been entitled under Section 2 above
based on the performance of the Corporation during the Performance Period,
multiplied by (ii) a fraction, the numerator of which is the number of fiscal
quarters the Grantee was employed during the Performance Period (excluding any
fiscal quarters during which the Grantee was on a leave of absence for more
than 30 calendar days) and the denominator of which is 12.

7.                                       Payment of Performance Shares.  Payment of any Performance Shares that become
earned as set forth herein will be made in the form of Common Shares.  Except as otherwise provided in Sections 3
and 4, payment will be made as soon as practicable after the receipt of audited
financial statements of the Corporation relating to the last fiscal year of the
Performance Period and the determination by the Committee (or the independent
members of the Board of Directors) of the level of attainment of the Management
Objectives, but in no event shall such payment occur after
                     .  Performance
Shares will be forfeited if they are not earned at the end of the Performance
Period and, except as otherwise provided in this Agreement, if the Grantee
ceases to be employed by the Corporation or a Subsidiary at any time prior to
such shares becoming earned.  To the extent
that the Corporation or any Subsidiary is required to withhold any federal,
state, local or foreign tax in connection with the payment of earned
Performance Shares pursuant to this Agreement, it shall be a condition to the
receipt of such Performance Shares that the Grantee make arrangements
satisfactory to the Corporation or such Subsidiary for payment of such taxes
required to be withheld.  This tax
withholding obligation shall be satisfied by the Corporation withholding
Performance Shares otherwise payable pursuant to this award.

8.                                       Cash Dividends.  Cash dividends on the Performance Shares
covered by this Agreement shall be sequestered by the Corporation from and
after the Date of Grant until such time as any of such Performance Shares
become earned in accordance with this Agreement, whereupon such dividends shall
be converted into a number of Common Shares (based on the Market Value per
Share on the date such Performance Shares become earned) to the extent such
dividends are attributable to Performance Shares that have become earned.  To the extent that Performance Shares covered
by this Agreement are forfeited, all of the dividends sequestered with respect
to such Performance Shares shall also be forfeited.  No interest shall be payable with respect to
any such dividends.

9.                                       Non-Assignability.  The Performance Shares and the Common Shares
subject to this grant of Performance Shares are personal to the Grantee and may
not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise
disposed of by the Grantee until they become earned as provided in this
Agreement; provided, however, that the Grantee’s rights with
respect to such Performance Shares and Common Shares may be transferred 

 5
 

by will or pursuant to the laws of descent and distribution.  Any purported transfer or encumbrance in
violation of the provisions of this Section 9, shall be void, and the other
party to any such purported transaction shall not obtain any rights to or
interest in such Performance Shares or Common Shares.

10.                                 Adjustments.  In the event of any change in the number of
Common Shares by reason of a merger, consolidation, reorganization,
recapitalization, or similar transaction, or in the event of a stock dividend,
stock split, or distribution to shareholders (other than normal cash
dividends), the Committee shall adjust the number and class of shares subject
to outstanding Performance Shares and other value determinations applicable to
outstanding Performance Shares.  No adjustment
provided for in this Section 10 shall require the Corporation to issue any
fractional share.

11.                                 Compliance with Section 409A of the Code.  To the extent applicable, it is intended that
this Agreement and the Plan comply with the provisions of Section 409A of the
Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code
do not apply to the Grantee.  This
Agreement and the Plan shall be administered in a manner consistent with this
intent, and any provision that would cause the Agreement or the Plan to fail to
satisfy Section 409A of the Code shall have no force and effect until amended
to comply with Section 409A of the Code (which amendment may be retroactive to
the extent permitted by Section 409A of the Code and may be made by the
Corporation without the consent of the Grantee).  In particular, to the extent the Grantee has
a right to receive payment pursuant to Sections 3 or 4 and the event triggering
the right to payment does not constitute a permitted distribution event under
Section 409A(a)(2) of the Code, then notwithstanding anything to the contrary
in Sections 3, 4 or 7 above, issuance of the Common Shares will be made, to the
extent necessary to comply with Section 409A of the Code, to the Grantee on the
earlier of (a) the Grantee’s “separation from service” with the Corporation
(determined in accordance with Section 409A); provided, however,
that if the Grantee is a “specified employee” (within the meaning of Section
409A), the Grantee’s date of issuance of the Common Shares shall be the date
that is six months after the date of the Grantee’s separation of service with
the Corporation; (b) the date the payment would otherwise occur under this
Agreement; or (c) the Grantee’s death. 
Reference to Section 409A of the Code will also include any proposed,
temporary or final regulations, or any other guidance, promulgated with respect
to such Section by the U.S. Department of the Treasury or the Internal Revenue
Service.

12.                                 Miscellaneous.

(a)                                  The contents of this
Agreement are subject in all respects to the terms and conditions of the Plan
as approved by the Board of Directors and the stockholders of the Corporation,
which are controlling.  The
interpretation and construction by the Board of Directors and/or the Committee
of any provision of the Plan or this Agreement shall be final and conclusive
upon the Grantee, the Grantee’s estate, executor, administrator, beneficiaries,
personal representative and guardian and the Corporation and its successors and
assigns.  Unless otherwise indicated, the
capitalized terms used in this Agreement shall have the same meanings as set
forth in the Plan.

 6
 

(b)                                 The grant of the
Performance Shares is discretionary and will not be considered to be an
employment contract or a part of the Grantee’s terms and conditions of
employment or of the Grantee’s salary or compensation.  The Grantee’s acceptance of this grant
constitutes the Grantee’s consent to the transfer of data and information from
non-U.S. entities related to the Corporation concerning or arising out of this
grant to the Corporation and to entities engaged by the Corporation to provide
services in connection with this grant for purposes of any applicable privacy,
information or data protection laws and regulations.

(c)                                  This Agreement, and
the terms and conditions of the Plan, shall bind, and inure to the benefit of
the Grantee, the Grantee’s estate, executor, administrator, beneficiaries,
personal representative and guardian and the Corporation and its successors and
assigns.

(d)                                 This Agreement shall
be governed by the laws of the State of Delaware (but not including the choice
of law rules thereof).

(e)                                  Any amendment to the
Plan shall be deemed to be an amendment to this Agreement to the extent that
the amendment is applicable hereto.  The
terms and conditions of this Agreement may not be modified, amended or waived,
except by an instrument in writing signed by a duly authorized executive
officer at the Corporation. 
Notwithstanding the foregoing, no amendment shall adversely affect the
Grantee’s rights under this Agreement without the Grantee’s consent.

13.                                 Notices.  All notices under this Agreement to the
Corporation must be delivered personally or mailed to the Corporation at its
principal office, addressed to the attention of Stock Plan Administration.  The Corporation’s address may be changed at
any time by written notice of such change to the Grantee.  Also, all notices under this Agreement to the
Grantee will be delivered personally or mailed to the Grantee at his or her
address as shown from time to time in the Corporation’s records.

 7
 

SIGNATURE PAGE

IN WITNESS WHEREOF, the parties hereto have duly
executed this Performance Shares Agreement, or caused this Performance Shares
Agreement to be duly executed on their behalf, as of the day and year first
above written.

	
  ACI Worldwide, Inc.:

  	
   

  	
  Grantee:

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Philip G.
  Heasley, CEO and President

  	
   

  	
   

  	
   

  	
  <Name>

  
	
  

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

 

	
  

  	
  ADDRESS FOR NOTICE TO GRANTEE:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Number                Street                
  Apt.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  City                State
                  Zip
  Code

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SS#                                          Hire
  Date

  
	
   

  	
   

  	
   

  
	
   

  	
  DESIGNATED BENEFICIARY:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Please Print Last Name, First Name MI

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Beneficiary’s Street Address

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  City                      State
                        Zip
  Code

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Beneficiary’s Social Security Number

  

 

I understand that
in the event of my death, the above named beneficiary will receive Performance
Shares to which I am entitled upon my death, if any, as determined in
accordance with the terms of my Agreement. 
If the beneficiary herein-named does not survive me, these Performance
Shares will become the property of my estate. 
This beneficiary designation supersedes any prior and inconsistent
beneficiary designation and does NOT apply to
Performance Shares paid to me pursuant to the terms of my Performance Shares
Agreement prior to my death.

	
  

  	
   

  	
   

  
	
   

  	
   

  	
  SIGNATURE                                 DATE

  

 

	
   

  After completing this page,
  please make a copy for your records and return it to Stock Plan
  Administration, ACI Worldwide, Inc., 224 South 108th Avenue, Omaha, NE 68154

   

  

 

2005 Equity and
Performance Incentive Plan, as amended - US Performance Shares Agreement

<Number> Shares                                                                                                                                <Date>

 

 8

Exhibit A

For purposes of this
Agreement, “Change in Control” means:

(a)                                  Any
individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2)
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”)
becomes the beneficial owner (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of 20% or more of either (i) the
then-outstanding shares of common stock of the Company (the “Outstanding
Company Common Stock”) or (ii) the combined voting power of the then-outstanding
voting securities of the Company entitled to vote generally in the election of
directors (the “Outstanding Company Voting Securities”); provided, however,
that, for purposes of this Section 1(d), the following acquisitions shall not
constitute a Change in Control:  (A) any
acquisition directly from the Company, (B) any acquisition by the Company, (C)
any acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any Affiliated Company or (iv) any acquisition by
any corporation pursuant to a transaction that complies with the provisions
of  (c)(A), (c)(B) and (c)(C) set forth
below;

(b)                                 Any
time at which individuals who, as of the date hereof, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of
the Board; provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by the
Company’s stockholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as though
such individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies
or consents by or on behalf of a Person other than the Board;

(c)                                  Consummation
of a reorganization, merger, statutory share exchange or consolidation or
similar transaction involving the Company or any of its subsidiaries, a sale or
other disposition of all or substantially all of the assets of the Company, or
the acquisition of assets or stock of another entity by the Company or any of
its subsidiaries (each, a “Business Combination”), in each case unless,
following such Business Combination, (A) all or substantially all of the
individuals and entities that were the beneficial owners of the Outstanding Company
Common Stock and the Outstanding Company Voting Securities immediately prior to
such Business Combination beneficially own, directly or indirectly, more than
50% of the then-outstanding shares of common stock (or, for a non-corporate
entity, equivalent securities) and the combined voting power of the
then-outstanding voting securities entitled to vote generally in the election
of directors (or, for a non-corporate entity, equivalent governing body), as
the case may be, of the entity resulting from such Business Combination
(including, 

 A-1
 

without limitation, an entity that, as a result of
such transaction, owns the Company or all or substantially all of the Company’s
assets either directly or through one or more subsidiaries) in substantially
the same proportions as their ownership immediately prior to such Business Combination
of the Outstanding Company Common Stock and the Outstanding Company Voting Securities,
as the case may be, (B) no Person (excluding any corporation resulting from
such Business Combination or any employee benefit plan (or related trust) of
the Company or such corporation resulting from such Business Combination)
beneficially owns, directly or indirectly, 20% or more of, respectively, the
then-outstanding shares of common stock of the corporation resulting from such
Business Combination or the combined voting power of the then-outstanding
voting securities of such corporation, except to the extent that such ownership
existed prior to the Business Combination, and (C) at least a majority of the
members of the board of directors (or, for a non-corporate entity, equivalent
governing body) of the entity resulting from such Business Combination were
members of the Incumbent Board at the time of the execution of the initial
agreement or of the action of the Board providing for such Business Combination;
or

(d)                                 Approval
by the stockholders of the Company of a complete liquidation or dissolution of
the Company.

 

 A-2

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