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Employment Agreement

Employment Agreement

Employment Agreement | Document Parties: FIDELITY NATIONAL INFORMATION SERVICES, INC. | Metavante and Cars Holdings, LLC | Metavante Technologies, Inc You are currently viewing:
This Employment Agreement involves

FIDELITY NATIONAL INFORMATION SERVICES, INC. | Metavante and Cars Holdings, LLC | Metavante Technologies, Inc

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Title: Employment Agreement
Governing Law: Florida     Date: 5/4/2009
Industry: Consumer Financial Services     Sector: Financial

Employment Agreement, Parties: fidelity national information services  inc. , metavante and cars holdings  llc , metavante technologies  inc
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Exhibit 10.4

FIDELITY NATIONAL INFORMATION SERVICES, INC.

March 31, 2009

Michael D. Hayford
4900 West Brown Deer Road
Milwaukee, Wisconsin 53223

Dear Mr. Hayford:

          As you know, your Employment Agreement with Fidelity National Information Services, Inc. (the “ Company”) , dated as of March 31, 2009 (the “ Employment Agreement ”) will become effective upon the closing of the merger of Metavante Technologies, Inc. (“ Metavante ”) with Cars Holdings, LLC, a wholly owned subsidiary of the Company, pursuant to an Agreement and Plan of Merger, dated as of March 31, 2009, by and among the Company, Metavante and Cars Holdings, LLC (the “ Merger Agreement ”). In consideration of the new restrictive covenants that you have agreed to in the Employment Agreement and to incentivize you to continue to remain an integral part of the Company and its affiliates in your new position to be located in Jacksonville, Florida, the Company will provide you with a retention bonus of $3,000,000 (the “ Retention Bonus ”), subject to and in accordance with the terms and conditions described in this letter agreement (the “ Letter Agreement ”).

          The Retention Bonus will be paid to you on the first normal payroll date following the seven-month anniversary of the Closing Date (as defined in the Merger Agreement) (the “ Payment Date ”), subject to the following conditions:

 

 

You must purchase (or enter into an annual lease to rent) a residential property in, the Jacksonville, Florida metropolitan area and, prior to the Payment Date, certify in writing to the Company that you have made such a purchase (or entered into such a lease);

 

 

 

You must execute (and not revoke) a release, as described in Section 28(b) of the Employment Agreement (the “ Release ”); and

 

 

 

You mu


 
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