SEC Contract Filing

Filing Date: 2024-03-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.27
<SEQUENCE>10
<FILENAME>exhibit1027directorcompens.htm
<DESCRIPTION>EX-10.27
<TEXT>
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<title>Document</title></head><body><div id="i092adfbf880c485eb2594ae8c20335db_1"></div><div style="min-height:66.96pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:18.840%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:0.5pt;padding-left:1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exhibit 10.27</font></div></td></tr></table></div></div><div style="margin-top:2.5pt"><font><br></font></div><div style="padding-left:143.35pt;padding-right:143.35pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NCR ATLEOS CORPORATION DIRECTOR COMPENSATION PROGRAM</font></div><div style="margin-top:10pt;padding-left:158.55pt;padding-right:158.55pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:217%">Effective October 18, 2023 PREAMBLE</font></div><div style="padding-left:5.95pt;padding-right:7.7pt;text-align:justify;text-indent:35.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">This NCR Atleos Corporation Director Compensation Program (&#8220;Program&#8221;) is adopted effective October 18, 2023. The Program is approved and adopted by the Committee, as designated by the Board of Directors of the Company (the &#8220;Board&#8221;), pursuant to its authority under Article II of the NCR Atleos Corporation Stock Incentive Plan (as may be amended from time to time, the &#8220;Stock Incentive Plan&#8221;) to grant stock and other stock-based awards to non-employee directors and to determine the terms and conditions of such awards.</font></div><div style="margin-top:10.05pt;padding-left:5.95pt;padding-right:7.8pt;text-align:justify;text-indent:35.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The Program is intended to provide competitive remuneration to individuals serving as non-employee members of the Board (each, a &#8220;Director&#8221;), and to align the interests of the Directors with the interests of the Company&#8217;s stockholders.</font></div><div style="margin-top:10pt;padding-left:143.45pt;padding-right:143.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ARTICLE I</font></div><div><font><br></font></div><div style="margin-top:0.05pt;padding-left:143.42pt;padding-right:143.42pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Definitions</font></div><div style="margin-top:9.95pt;padding-left:41.95pt;text-indent:-35.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.45pt;text-decoration:underline">Committee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> means the Committee on Directors and Governance of the Board.</font></div><div style="margin-top:10pt;padding-left:41.95pt;text-indent:-35.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.45pt;text-decoration:underline">Common Stock</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> means the common stock of the Company, par value $0.01 per share.</font></div><div style="margin-top:9.95pt;padding-left:41.95pt;text-indent:-35.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.45pt;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> means NCR Atleos Corporation, a Maryland corporation, or any successor entity, as applicable.</font></div><div style="margin-top:10pt;padding-left:42pt;padding-right:7.75pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt;text-decoration:underline">Deferred Stock Award</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> means the annual retainer and&#47;or meeting fees, if any, elected by a Participant to be deferred as set forth in ARTICLE III.</font></div><div style="margin-top:10pt;padding-left:42pt;padding-right:7.85pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23