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EXHIBIT
10.15
FISERV, INC. 2007 OMNIBUS
INCENTIVE PLAN
FORM OF
NON-QUALIFIED STOCK OPTION
AWARD MEMORANDUM
NON-EMPLOYEE DIRECTOR
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Non-Employee Director:
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See account data in Fidelity system. |
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Grant Date:
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See account data in Fidelity system. |
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Number of Shares Subject to
Option:
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See account data in Fidelity system. |
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Exercise Price Per Option
Share:
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See account data in Fidelity system. |
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Type of Option:
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Non-Qualified Stock Option |
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Vesting Schedule:
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The
Option will vest 100% on the earlier of (a) immediately prior to
first annual meeting of shareholders after the Grant Date or (b)
the first anniversary of the Grant Date. |
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Expiration Date:
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10
years after the Grant Date |
Additional terms and conditions of
your Award are included in the Non-Qualified Stock Option Agreement
(Non-Employee Director). As a condition to your ability to exercise
your Option, you must log on to Fidelity’s website at
www.netbenefits.com and accept the terms and conditions of
this Award.
FISERV, INC. 2007 OMNIBUS
INCENTIVE PLAN
NON-QUALIFIED STOCK OPTION
AGREEMENT
(NON-EMPLOYEE
DIRECTOR)
Pursuant to the Fiserv, Inc. 2007
Omnibus Incentive Plan (the “ Plan ”), Fiserv,
Inc., a Wisconsin corporation (the “ Company
”), has granted you an Option, the terms and conditions of
which are set out below and in the Award Memorandum and the Plan.
Any capitalized term used herein without definition has the meaning
set forth in the attached Award Memorandum, which forms a part of
this Non-Qualified Stock Option Agreement (Non-Employee Director)
(this “ Agreement ”), or, if no such
meaning is set forth in the Award Memorandum, the meaning set forth
in the Plan.
In the event of a conflict between the
terms of this Agreement or the Award Memorandum and the terms of
the Plan, the terms of the Plan shall govern. In the event of a
conflict between the terms of this Agreement and the Award
Memorandum, the terms of this Agreement shall govern.
| 1. |
Grant Date; Type of Option . The Option is
granted to you on the Grant Date set forth in the Award Memorandum.
As a “non-qualified stock option,” the Option will not
be treated by you or the Company as an incentive stock option as
defined in Section 422 of the Code. |
| 2. |
Termination of Option . Your right to exercise
the Option (and to purchase the Shares subject to the Option (the
“ Option Shares ”)) shall expire and terminate
in all events on the earlier of (a) the Expiration Date set
forth in the Award Memorandum or (b) the date upon which
exercise is no longer permitted pursuant to Section 6 of this
Agreement. |
| 3. |
Exercise Price . The purchase price to be paid
upon the exercise of the Option will be the Exercise Price Per
Option Share set forth in the Award Memorandum. |
| 4. |
Provisions Relating to Exercise . Once you become
entitled to exercise any part of the Option (and to purchase Option
Shares) pursuant to the vesting schedule set forth in the Award
Memorandum, that right will continue until the date on which the
Option expires and terminates. The right to purchase Option Shares
under the Option is cumulative, so that if the full number of
Option Shares is not purchased in a single transaction, the balance
may be purchased at any time or from time to time thereafter during
the term of the Option. The Administrator, in its sole discretion,
may at any time accelerate the time at which the Option becomes
exercisable by you with respect to any Option Shares. The Company
may cancel, rescind, suspend, withhold or otherwise limit or
restrict any unexpired, unpaid or deferred part of the Option at
any time if you are not in compliance with all applicable
provisions of this Agreement, the Award Memorandum and the
Plan. |
| 5. |
Exercise of Option . To exercise the Option, you
must complete the transaction through our administrative
agent’s website at www.netbenefits.fidelity.com or call its
toll free number at (800) 544-9354, s
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