SEC Contract Filing

Filing Date: 2018-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.16.17
<SEQUENCE>14
<FILENAME>wpex-101617psprolloverawar.htm
<DESCRIPTION>EXHIBIT 10.16.17
<TEXT>
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<div><a name="sa569fb5b978447b99f3e9682d92cc01a"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.16.17</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Dear Awardholder</font></div><div style="line-height:174%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">NOTICE OF ROLLOVER 2016 PSP AWARD</font></div><div style="line-height:174%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">I am writing further to the letter from Worldpay and Vantiv (with accompanying Appendix) dated 27 November 2017 (the "</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Letter"</font><font style="font-family:inherit;font-size:11pt;">). (Unless otherwise stated, words and expressions defined in the Letter (and accompanying Appendix) apply equally in this Notice).</font></div><div style="line-height:174%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">As you may be aware, the merger of Worldpay with Vantiv completed on [16 January] 2018 (</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Completion</font><font style="font-family:inherit;font-size:11pt;">) and in connection with the Merger, Vantiv, Inc. has changed its name to Worldpay, Inc. Accordingly, all references in this Notice to 'Vantiv Shares' means shares in Vantiv, Inc., renamed as Worldpay, Inc. and references to 'Worldpay Shares' means shares in Worldpay Group Plc. Additionally, any references to the Vantiv Compensation Committee shall mean any duly comprised compensation committee of Worldpay, Inc.</font></div><div style="line-height:174%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">I am pleased to confirm that your award granted in 2016 (the "</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">2016 PSP Award</font><font style="font-family:inherit;font-size:11pt;">") under the Worldpay Group plc Performance Share Plan (the "</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">PSP"</font><font style="font-family:inherit;font-size:11pt;">) has been exchanged for an award in respect of Vantiv Shares with effect from Completion (the</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#32;"Rollover 2016 PSP Award"</font><font style="font-family:inherit;font-size:11pt;">). </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">How was your Rollover 2016 PSP Award determined?</font></div></td></tr></table><div style="line-height:174%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Prior to Completion, the Worldpay Remuneration Committee determined that the performance conditions in respect of the 2016 PSP Awards were satisfied as to [&#8226;]% by reference to a reduced performance period ending on Completion. </font></div><div style="line-height:174%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">[&#8226;]% of your 2016 PSP Award (the "</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Performance Assessed 2016 PSP Award</font><font style="font-family:inherit;font-size:11pt;">") has therefore been exchanged for a Rollover 2016 PSP Award. </font></div><div style="line-height:174%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The remaining [&#8226;]% of your 2016 PSP Award has not been exchanged for an award in respect of Vantiv Shares and has lapsed.</font></div><div style="line-height:174%;padding-bottom:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Your Performance Assessed 2016 PSP Award over Worldpay Shares (including shares representing dividends between the date of grant and Completion) was exchanged for a Rollover 2016 PSP Award over Vantiv Shares, by reference to the following values:</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:85.7421875%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:25%;"></td><td style="width:26%;"></td><td style="width:26%;"></td><td style="width:23%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;