Common use of Review Period and Revocation Clause in Contracts

Review Period and Revocation. Executive acknowledges that Executive was given a period of at least 21 calendar days to review this Agreement (“Review Period”) from the date Executive received it. Executive agrees that to the extent there are changes made to the terms of this Agreement, whether they are material or immaterial, the 21-day period for review of this Agreement is not recommenced. To accept this Agreement, Executive must sign both originals and return them to Xxxxx Xxxxxxxxx on or before the last day of the Review Period. Executive acknowledges that the Company and Released Parties have made no promises to Executive other than those contained in this Agreement. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT TO REVIEW THIS AGREEMENT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT. Executive is further advised that Executive has 7 days after Executive signs this Agreement to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Agreement as specified in the immediately preceding sentence, the Company shall deem this Agreement to be void in its entirety, in which case neither party shall be bound by its terms and no payment shall be made to the Executive hereunder. If Executive properly revokes this Agreement, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship”. Executive’s signature below indicates that Executive has carefully read, reviewed, and fully understands this Agreement. Executive acknowledges that Executive’s signature below constitutes a knowing and voluntary execution of this Agreement and Executive signs the same of Executive’s own free will and it is Executive’s intention to be bound thereby. Dated this day of , 2011. Xxxxx X. Xxxxx Western Union, LLC By: Title Dated this day of , 2011. Exhibit 10.1 EXHIBIT 1 TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant to The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September 30, 2011 Separation Date) Performance Period: January 1, 2011 – December 31, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31, 2011 The Participant acknowledges receipt of copies of the Incentive Award Agreement, The Western Union Company Clawback Policy (the “Clawback Policy”) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees to abide by all of the terms and conditions of the Incentive Award Agreement, the Clawback Policy and the Plan. In witness whereof, the parties have executed the Agreement as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions of The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (the “Participant”), has been identified as eligible to participate in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined to be eligible to receive an Incentive Award (the “Award”), upon and subject to the restrictions, terms and conditions set forth in the Incentive Award Acceptance Agreement, the Plan and below. Capitalized terms not defined herein shall have the meanings specified in the Plan.

Appears in 1 contract

Samples: Mutual Separation Agreement and Release (Western Union CO)

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Review Period and Revocation. Executive acknowledges that Executive was given a period of at least 21 calendar days to review this Separation Agreement (“Review Period”) from the date Executive received it. Executive agrees that to the extent there are changes made to the terms of this Separation Agreement, whether they are material or immaterial, the 21-day period for review of this Separation Agreement is not recommenced. To accept this Separation Agreement, Executive must sign both originals and return them to Xxxxx Xxxxxxxxx the Chief Human Resources Officer on or before the last day of the Review PeriodJanuary 16, 2014. Executive acknowledges that the Company Company, Western Union and the Released Parties have made no promises to Executive other than those contained in this Separation Agreement. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS SEPARATION AGREEMENT TO REVIEW THIS SEPARATION AGREEMENT WITH AN ATTORNEY BEFORE SIGNING THIS SEPARATION AGREEMENT. Executive is further advised that Executive has 7 days after Executive signs this Separation Agreement to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Separation Agreement as specified in the immediately preceding sentence, the Company and Western Union shall deem this Separation Agreement to be void in its entirety, in which case neither party none of the parties shall be bound by its terms and no payment shall be made to the Executive hereunder. If Executive properly revokes this Separation Agreement, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship”. Executive’s signature below indicates that Executive has carefully read, reviewed, and fully understands this Separation Agreement. Executive acknowledges that Executive’s signature below constitutes a knowing and voluntary execution of this Separation Agreement and Executive signs the same of Executive’s own free will and it is Executive’s intention to be bound thereby. Dated this 16th day of January, 20112014. /s/ Xxxxx X. Xxxxxxxxx Xxxxx X. Xxxxxxxxx Western Union, LLC /s/ Xxxxxx Xxxxxxxxx By: Title Dated this day of , 2011. Exhibit 10.1 EXHIBIT Xxxxxx Xxxxxxxxx Title: Assistant Secretary The Western Union Company /s/ Xxxxx X. Xxxxxxxx By: Xxxxx X. Xxxxxxxx Title: Assistant Secretary SCHEDULE 1 TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant FEBRUARY 28, 2014 RELEASE This Schedule 1 to the Separation Agreement and Release, including the attached Exhibit A (together, the "February 28, 2014 Release"), is hereby entered into between Xxxxx X. Xxxxxxxxx ("Executive"), Western Union, LLC ("Company"), and The Western Union Company Senior Executive Annual Incentive Plan ("Western Union"), with respect to Executive’s termination of employment with the Company effective February 28, 2014 (PlanTermination Date”). This February 28, Xxxxx X. Xxxxx 2014 Release shall be binding on the parties according to its terms and the terms of the Separation Agreement and Release (“the ParticipantSeparation Agreement”) has been identified as eligible to participate in upon its execution by Executive, whether or not executed by the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Company and/or Western Union CompanyUnion, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September 30, 2011 Separation Date) Performance Period: January 1, 2011 – December 31, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31, 2011 The Participant acknowledges receipt of copies of the Incentive Award Agreement, The Western Union Company Clawback Policy (the “Clawback Policy”) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees to abide by all of the terms and conditions of the Incentive Award Agreement, the Clawback Policy and the Plan. In witness whereof, the parties have executed the Agreement as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant subject to the provisions of The Western Union Company Senior Severance / Change in Control Policy (Executive Annual Incentive Plan Committee Level) (the PlanSeverance Policy”), Xxxxx X. Xxxxx (the “Participant”), has been identified as eligible to participate in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined to be eligible to receive an Incentive Award (the “Award”), upon and subject to the restrictions, terms and conditions set forth in the Incentive Award Acceptance Agreement, the Plan and below. Capitalized terms not defined herein shall have the meanings specified in the Plan.

Appears in 1 contract

Samples: Incentive Plan Incentive Award Agreement (Western Union CO)

Review Period and Revocation. Executive acknowledges that Executive was given a period of at least 21 calendar days to review this Agreement Release (“Review Period”) from the date Executive received it. Executive agrees that to the extent there are changes made to the terms of this AgreementRelease, whether they are material or immaterial, the 21-day period for review of this Agreement Release is not recommenced. Executive cannot sign the Release or the Release – ExhibitA prior to Executive’s Separation Date. To accept this AgreementRelease and the Release – Exhibit A, Executive must sign originals of both originals and return them to Xxxxx Xxxxxxxxx on or before no later than five business days following the last day of the Review PeriodSeparation Date. Executive acknowledges that the Company and Released Parties have made no promises to Executive other than those contained in this AgreementRelease. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT RELEASE TO REVIEW THIS AGREEMENT RELEASE WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENTRELEASE. Executive is further advised that Executive has 7 seven days after Executive signs this Agreement Release to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Agreement Release as specified in the immediately preceding sentence, the Company shall deem this Agreement Release and the Release – Exhibit A to be void in its entirety, in which case neither party shall be bound by its terms and no payment shall be made to the Executive hereunder. If Executive properly revokes this AgreementRelease, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship” and the Release – Exhibit A shall be declared null and void. CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION IN ACCORDANCE WITH THE SECURITIES ACT OF 1933, AS AMENDED, AND RULE 24B-2 PROMULGATED THEREUNDER. OMITTED INFORMATION HAS BEEN REPLACED WITH ASTERISKS Executive’s signature below indicates that Executive has carefully read, reviewed, and fully understands this Agreement. Release and the attached Release—Exhibit A. Executive acknowledges that Executive’s signature below constitutes a knowing and voluntary execution of this Agreement Release and Executive signs the same of Executive’s own free will and it is Executive’s intention to be bound thereby. Dated this day of , 2011. Xxxxx X. Xxxxx Western UnionWESTERN UNION, LLC By: Title Title: Dated this day of , 2011. Exhibit 10.1 CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION IN ACCORDANCE WITH THE SECURITIES ACT OF 1933, AS AMENDED, AND RULE 24B-2 PROMULGATED THEREUNDER. OMITTED INFORMATION HAS BEEN REPLACED WITH ASTERISKS EXHIBIT 1 A TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant to The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September SEPTEMBER 30, 2011 Separation Date) Performance Period: January 1RELEASE GLOBAL NON-DISCLOSURE, 2011 – December 31AND U.S. NON-SOLICITATION AND U.S. NON-COMPETITION AGREEMENT For purposes of this Exhibit A, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31“Company” refers to Western Union, 2011 The Participant acknowledges receipt of copies of the Incentive Award AgreementLLC, The Western Union Company Clawback Policy or its Affiliates (as defined in the Agreement) (hereinafter individually and collectively referred to as the “Clawback Policy”Company” for purposes of this Exhibit A). Executive agrees that the Company is engaged in a highly competitive business and has expended, and continues to expend, significant money, skill, and time to develop and maintain valuable customer relationships, trade secrets, and confidential and proprietary information. Executive agrees that Executive’s work for the Company has brought Executive into close contact with many of the Company’s customers, Trade Secrets, Confidential Information, and Third Party Information (as defined below) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees Company has provided Executive access to abide by all of the terms and conditions of the Incentive Award Agreementsuch information to perform Executive’s job duties, the Clawback Policy disclosure of which would cause the Company significant and irreparable harm. Executive recognizes that any unauthorized disclosure of Third Party Information could breach non-disclosure obligations or violate applicable laws or Company policy. Executive further agrees that the Plancovenants in this Agreement are reasonable and necessary to protect the Company’s legitimate business interests in its customer relationships, Trade Secrets, Confidential Information, and Third Party Information (as defined in Section I below). In witness whereof, the parties have executed the Agreement Company has provided Executive access to “trade secret” information as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed that term is used in Colorado Revised Statute § 8-2-113 and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions of The Western Union Company Senior Executive Annual Incentive Plan (the is Plan”), Xxxxx X. Xxxxx (the “Participant”), has been identified executive and management personnel” as eligible to participate that term is used in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined to be eligible to receive an Incentive Award (the “Award”), upon and subject to the restrictions, terms and conditions set forth in the Incentive Award Acceptance Agreement, the Plan and below. Capitalized terms not defined herein shall have the meanings specified in the PlanColorado Revised Statute § 8-2-113.

Appears in 1 contract

Samples: Mutual Separation Agreement and Release (Western Union CO)

Review Period and Revocation. Executive acknowledges that Executive he was given a period of at least 21 calendar days to review this Agreement (“Review Period”) and the attached Exhibits A, B, and C from the date Executive time he received it. Executive agrees that to the extent there are changes made to the terms of this Agreement, whether they are material or immaterial, the 21-day period for review of this Agreement is not recommenced. To accept this Agreement, Executive must sign both originals and return them to Xxxxx Xxxxxxxxx on or before the last day of the Review Period. Executive acknowledges that the Company and Released Parties have has made no promises to Executive him other than those contained in this Agreement. COMPANY HEREBY ADVISES EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT TO REVIEW THIS AGREEMENT CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT. Executive is further advised that Executive he has 7 days after Executive he signs this Agreement to revoke it by notifying the Company of such revocation in writing. No payments under Paragraph 1 will be made until this revocation period has expired. In the event Executive revokes this Agreement as specified in the immediately preceding sentencethis paragraph, the Company shall will deem this Agreement to be void in its entirety, in which case neither party shall will be bound by its terms and no payment shall will be made or benefit provided to the Executive hereunder. If Executive properly revokes him or retained by him under this Agreement, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship”. Executive’s signature below indicates that Executive has carefully read, reviewed, and fully understands this Agreement. Executive acknowledges that Executive’s signature below constitutes a knowing and voluntary execution of this Agreement and Executive signs the same Agreement of Executive’s own free will and it is Executive’s intention to be bound therebyby its terms. Dated this 5th day of August 2014. /s/ Xxxxxxx X. Xxxxxxxx Xx. Xxxxxxx X. Xxxxxxxx Xx. FIRST DATA CORPORATION By: /s/ Xxxxx Xxxxxxxxx Its: CEO FIRST DATA HOLDINGS, 2011INC. By: /s/ Xxxxx Xxxxxxxxx Its: CEO EXHIBIT A RESIGNATION LETTER , 2014 Xx. Xxxxx X. Xxxxx Western UnionMoney Executive Vice President, LLC ByGeneral Counsel & Secretary First Data Corporation 0000 Xxxxxxx Xxxxxx, XX000 Xxxxx, XX 00000 Dear Xxxxx: Title Dated this day I hereby submit my resignation as a director, officer or any other elected/appointed position of , 2011. Exhibit 10.1 EXHIBIT 1 TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant to The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below First Data Holdings Inc. and has been determined to be eligible to receive the Incentive Award described below. Certain terms First Data Corporation and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September 30, 2011 Separation Date) Performance Period: January 1, 2011 – December 31, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31, 2011 The Participant acknowledges receipt of copies of the Incentive Award Agreement, The Western Union Company Clawback Policy (the “Clawback Policy”) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees to abide by all of the terms their direct and conditions of the Incentive Award Agreementindirect subsidiaries effective , the Clawback Policy and the Plan2014. In witness whereofI understand that by signing this letter it does not impact my employment with these entities. Sincerely, the parties have executed the Agreement as of , 2011Xxxxxxx X. Xxxxxxxx Xx. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions of The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (the “Participant”), has been identified as eligible to participate in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined to be eligible to receive an Incentive Award (the “Award”), upon and subject to the restrictions, terms and conditions set forth in the Incentive Award Acceptance Agreement, the Plan and below. Capitalized terms not defined herein shall have the meanings specified in the Plan.EXHIBIT B

Appears in 1 contract

Samples: Separation Agreement (First Data Corp)

Review Period and Revocation. Executive Associate represents and acknowledges that Executive was Associate has been given a period of at least 21 calendar twenty-one (21) days to review consider this Separation Agreement (“Review Period”) from the date Executive received it. Executive agrees and that to the extent there are changes made to Associate has read this Separation Agreement, understands the terms of this Agreement, whether they are material or immaterial, the 21-day period for review of this Agreement is not recommenced. To accept this Agreement, Executive must sign both originals and return them to Xxxxx Xxxxxxxxx on or before the last day of the Review Period. Executive acknowledges that the Company and Released Parties have made no promises to Executive other than those contained in this Agreement. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT TO REVIEW THIS AGREEMENT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT. Executive is further advised that Executive has 7 days after Executive signs this Agreement to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Agreement as specified in the immediately preceding sentence, the Company shall deem this Agreement to be void in its entirety, in which case neither party shall be bound by its terms and no payment shall be made to the Executive hereunder. If Executive properly revokes this Agreement, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship”. Executive’s signature below indicates that Executive has carefully read, reviewed, and fully understands this Agreement. Executive acknowledges that Executive’s signature below constitutes a knowing and voluntary execution of this Agreement and Executive signs the same of Executive’s own free will and it is Executive’s intention to be bound thereby. Dated this day of , 2011. Xxxxx X. Xxxxx Western Union, LLC By: Title Dated this day of , 2011. Exhibit 10.1 EXHIBIT 1 TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant to The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September 30, 2011 Separation Date) Performance Period: January 1, 2011 – December 31, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31, 2011 The Participant acknowledges receipt of copies of the Incentive Award Agreement, The Western Union Company Clawback Policy (the “Clawback Policy”) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees to abide by all of the terms and conditions of the Incentive Award Agreement, the Clawback Policy and the Plan. In witness whereof, the parties have executed the Agreement as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions of The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (the “Participant”), has been identified as eligible to participate in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined given an opportunity to be eligible ask questions about it. Associate has been advised to receive consult with an Incentive Award (the “Award”)attorney prior to signing this Separation Agreement; whether Associate chooses to do so is his decision. Associate further represents that in signing this Separation Agreement Associate does not rely, upon and subject to the restrictionshas not relied, terms and conditions on any representation or statement not set forth in this Separation Agreement made by any representative of Employer or any other Releasee with regard to the Incentive Award Acceptance subject matter, basis or effect of this Separation Agreement or otherwise. This Separation Agreement is knowingly and voluntarily entered into by all parties hereto. For a period of seven (7) days after the date Associate signs this Separation Agreement, Associate has the Plan right to revoke this Separation Agreement by delivering a written notice of revocation to Xxxxx Xxxxxx, Vice President of Human Resources, at 0000 Xxxxxxx Xxxx, Xxxxxx, Xxxxxxxxxxxx 00000 by close of business (5:00 p.m. EST) on the seventh day after Associate signs this Separation Agreement. This Separation Agreement shall not be effective or enforceable and below. Capitalized terms Associate shall not defined herein shall have be entitled to receive any of the meanings specified in Separation Benefits until the Planeighth (8th) day after the date Associate signs this Separation Agreement and Associate has not revoked this Separation Agreement during such seven (7) day revocation period and provided that Associate has signed this Separation Agreement on or after the Separation Date and no more than twenty-one (21) days after Associate receives a copy of this Separation Agreement (the "Effective Date").

Appears in 1 contract

Samples: Separation Agreement and Release (Triton PCS Operating Co LLC)

Review Period and Revocation. Executive acknowledges that Executive was given a period of at least 21 calendar days to review this Agreement (“Review Period”) from the date Executive received it. Executive agrees that to the extent there are changes made to the terms of this Agreement, whether they are material or immaterial, the 21-day period for review of this Agreement is not recommenced. To accept this Agreement, Executive must sign both originals and return them to Xxxxx Xxxxxxxxx on or before the last day of the Review Period. Executive acknowledges that the Company and Released Parties have made no promises to Executive other than those contained in this Agreement. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT TO REVIEW THIS AGREEMENT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT. Executive is further advised that Executive has 7 days after Executive signs this Agreement to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Agreement as specified in the immediately preceding sentence, the Company shall deem this Agreement to be void in its entirety, in which case neither party shall be bound by its terms and no payment shall be made to the Executive hereunder. If Executive properly revokes this Agreement, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship”. Exhibit 10.1 Executive’s signature below indicates that Executive has carefully read, reviewed, and fully understands this Agreement. Executive acknowledges that Executive’s signature below constitutes a knowing and voluntary execution of this Agreement and Executive signs the same of Executive’s own free will and it is Executive’s intention to be bound thereby. Dated this day of , 2011. Xxxxx X. Xxxxx Western Union, LLC By: Title Dated this day of , 2011. Exhibit 10.1 EXHIBIT 1 TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant to The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September 30, 2011 Separation Date) Performance Period: January 1, 2011 – December 31, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31, 2011 The Participant acknowledges receipt of copies of the Incentive Award Agreement, The Western Union Company Clawback Policy (the “Clawback Policy”) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees to abide by all of the terms and conditions of the Incentive Award Agreement, the Clawback Policy and the Plan. In witness whereof, the parties have executed the Agreement as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions of The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (the “Participant”), has been identified as eligible to participate in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined to be eligible to receive an Incentive Award (the “Award”), upon and subject to the restrictions, terms and conditions set forth in the Incentive Award Acceptance Agreement, the Plan and below. Capitalized terms not defined herein shall have the meanings specified in the Plan.

Appears in 1 contract

Samples: Mutual Separation Agreement and Release

Review Period and Revocation. Executive acknowledges that Executive was given a period of at least 21 calendar days to review this Agreement February 28, 2014 Release (“Review Period”) from the date Executive received it. Executive agrees that to the extent there are changes made to the terms of this AgreementFebruary 28, 2014 Release, whether they are material or immaterial, the 21-day period for review of this Agreement February 28, 2014 Release is not recommenced. Executive cannot sign this February 28, 2014 Release prior to Executive’s Termination Date. To accept this AgreementFebruary 28, 2014 Release, Executive must sign both originals and return them to Xxxxx Xxxxxxxxx the Chief Human Resources Officer on or before no later than three business days following the last day of the Review PeriodTermination Date. Executive acknowledges that the Company Company, Western Union and the Released Parties have made no promises to Executive other than those contained in this AgreementFebruary 28, 2014 Release. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT FEBRUARY 28, 2014 RELEASE TO REVIEW THIS AGREEMENT FEBRUARY 28, 2014 RELEASE WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENTFEBRUARY 28, 2014 RELEASE. Executive is further advised that Executive has 7 seven days after Executive signs this Agreement February 28, 2014 Release to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Agreement February 28, 2014 Release as specified in the immediately preceding sentence, the Company and Western Union shall deem this Agreement February 28, 2014 Release to be void in its entirety, in which case neither party none of the parties shall be bound by its terms and no payment shall be made to the Executive hereunder. If Executive properly revokes this AgreementFebruary 28, 2014 Release, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship” and Exhibit A hereto shall be declared null and void. Executive’s signature below indicates that Executive has carefully read, reviewed, and fully understands this AgreementFebruary 28, 2014 Release. Executive acknowledges that Executive’s signature below constitutes a knowing and voluntary execution of this Agreement February 28, 2014 Release and Executive signs the same of Executive’s own free will and it is Executive’s intention to be bound thereby. Dated this day of , 20112014. Xxxxx X. Xxxxx Xxxxxxxxx Western Union, LLC By: Title Title: Dated this day of , 20112014. Exhibit 10.1 EXHIBIT 1 TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant to The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September 30, 2011 Separation Date) Performance Period: January 1, 2011 – December 31, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31, 2011 The Participant acknowledges receipt of copies of the Incentive Award Agreement, The Western Union Company Clawback Policy (the “Clawback Policy”) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees to abide by all of the terms and conditions of the Incentive Award Agreement, the Clawback Policy and the Plan. In witness whereof, the parties have executed the Agreement as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions Dated this day of The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (the “Participant”)2014. EXHIBIT A TO FEBRUARY 28, has been identified as eligible to participate in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined to be eligible to receive an Incentive Award (the “Award”), upon and subject to the restrictions, terms and conditions set forth in the Incentive Award Acceptance Agreement, the Plan and below. Capitalized terms not defined herein shall have the meanings specified in the Plan.2014 RELEASE

Appears in 1 contract

Samples: Incentive Plan Incentive Award Agreement (Western Union CO)

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Review Period and Revocation. Executive acknowledges that Executive he was given a period of at least 21 calendar days to review this Agreement (“Review Period”) and the attached Exhibit from the date Executive time he received it. Executive agrees that to the extent there are changes made to the terms of this Agreement, whether they are material or immaterial, the 21-day period for review of this Agreement is not recommenced. To accept this Agreement, Executive must sign both originals and return them to Xxxxx Xxxxxxxxx on or before the last day of the Review Periodthem. Executive acknowledges that the Company and Released Parties have has made no promises to Executive him other than those contained in this Agreement. COMPANY HEREBY ADVISES EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT TO REVIEW THIS AGREEMENT CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT. Executive is further advised that Executive he has 7 days after Executive he signs this Agreement to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Agreement as specified in the immediately preceding sentencethis paragraph, the Company shall will deem this Agreement to be void in its entirety, in which case neither party shall will be bound by its terms terms, and no payment shall will be made or benefit provided to the Executive hereunder. If Executive properly revokes him or retained by him under this Agreement, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship”. Executive’s signature below indicates that Executive he has carefully read, reviewed, and fully understands this Agreement. Executive acknowledges that Executive’s his signature below constitutes a knowing and voluntary execution of this Agreement and Executive signs the same Agreement of Executive’s his own free will and it is Executive’s his intention to be bound therebyby its terms. Dated this day of , 20112014. First Data Corporation By: Its: First Data Holdings, Inc. By: Its: Executive Xxxxxx X. Xxxxx III Exhibit 1 Resignation Letter , 2014 Xx. Xxxxx X. Money Executive Vice President, General Counsel & Secretary First Data Corporation 0000 Xxxxxxx Xxxxxx, XX000 Xxxxx, XX 00000 Dear Xxxxx: I hereby submit my resignation as a director, officer or any other elected/appointed position of First Data Holdings Inc. and First Data Corporation and all of their direct and indirect subsidiaries effective , 2014. I understand that by signing this letter it does not impact my employment with these entities. Sincerely, Xxxxxx X. Xxxxx Western UnionIII EXHIBIT 2 RESTRICTIVE COVENANT AGREEMENT For purposes of this Exhibit 2, LLC By: Title Dated “Company” refers to First Data Corporation or its Affiliates (as defined in the Agreement) for which Executive worked (for purposes of this day of , 2011. Exhibit 10.1 EXHIBIT 1 TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant 2 individually and collectively referred to The Western Union Company Senior Executive Annual Incentive Plan (as the “Plan”), Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”). Executive agrees that the Company is engaged in a highly competitive business and has expended, and continues to expend, significant money, skill, and time to develop and maintain valuable customer relationships, trade secrets, and confidential and proprietary information. Executive agrees that Executive’s work for the Participant as Company has brought Executive into close contact with many of the beginning of the Performance Period set forth Company’s customers, Trade Secrets, Confidential Information, and Third Party Information (as defined below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September 30, 2011 Separation Date) Performance Period: January 1, 2011 – December 31, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31, 2011 The Participant acknowledges receipt of copies of the Incentive Award Agreement, The Western Union Company Clawback Policy (the “Clawback Policy”) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees Company has provided Executive access to abide by all of the terms and conditions of the Incentive Award Agreementsuch information to perform Executive’s job duties, the Clawback Policy disclosure of which would cause the Company significant and irreparable harm. Executive recognizes that any unauthorized disclosure of Third Party Information could breach non-disclosure obligations or violate applicable laws or Company policy. Executive further agrees that the Plan. In witness whereofcovenants in this Agreement are reasonable and necessary to protect the Company’s legitimate business interests in its customer relationships, the parties have executed the Agreement Trade Secrets, Confidential Information, and Third Party Information (as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions of The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”defined in Section I below), Xxxxx X. Xxxxx (the “Participant”), has been identified as eligible to participate in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined to be eligible to receive an Incentive Award (the “Award”), upon and subject to the restrictions, terms and conditions set forth in the Incentive Award Acceptance Agreement, the Plan and below. Capitalized terms not defined herein shall have the meanings specified in the Plan.

Appears in 1 contract

Samples: Advisory Agreement (First Data Corp)

Review Period and Revocation. Executive Associate represents and acknowledges that Executive was Associate has been given a period of at least 21 calendar twenty-one (21) days to review consider this Separation Agreement (“Review Period”) from the date Executive received it. Executive agrees and that to the extent there are changes made to Associate has read this Separation Agreement, understands the terms of this Agreement, whether they are material or immaterial, the 21-day period for review of this Agreement is not recommenced. To accept this Agreement, Executive must sign both originals and return them to Xxxxx Xxxxxxxxx on or before the last day of the Review Period. Executive acknowledges that the Company and Released Parties have made no promises to Executive other than those contained in this Agreement. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT TO REVIEW THIS AGREEMENT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT. Executive is further advised that Executive has 7 days after Executive signs this Agreement to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Agreement as specified in the immediately preceding sentence, the Company shall deem this Agreement to be void in its entirety, in which case neither party shall be bound by its terms and no payment shall be made to the Executive hereunder. If Executive properly revokes this Agreement, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship”. Executive’s signature below indicates that Executive has carefully read, reviewed, and fully understands this Agreement. Executive acknowledges that Executive’s signature below constitutes a knowing and voluntary execution of this Agreement and Executive signs the same of Executive’s own free will and it is Executive’s intention to be bound thereby. Dated this day of , 2011. Xxxxx X. Xxxxx Western Union, LLC By: Title Dated this day of , 2011. Exhibit 10.1 EXHIBIT 1 TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant to The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September 30, 2011 Separation Date) Performance Period: January 1, 2011 – December 31, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31, 2011 The Participant acknowledges receipt of copies of the Incentive Award Agreement, The Western Union Company Clawback Policy (the “Clawback Policy”) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees to abide by all of the terms and conditions of the Incentive Award Agreement, the Clawback Policy and the Plan. In witness whereof, the parties have executed the Agreement as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions of The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (the “Participant”), has been identified as eligible to participate in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined given an opportunity to be eligible ask questions about it. Associate has been advised to receive consult with an Incentive Award (the “Award”)attorney prior to signing this Separation Agreement; whether Associate chooses to do so is his decision. Associate further represents that in signing this Separation Agreement Associate does not rely, upon and subject to the restrictionshas not relied, terms and conditions on any representation or statement not set forth in this Separation Agreement made by any representative of Employer or any other Releasee with regard to the Incentive Award Acceptance subject matter, basis or effect of this Separation Agreement or otherwise. This Separation Agreement is knowingly and voluntarily entered into by all parties hereto. For a period of seven (7) days after the date Associate signs this Separation Agreement, Associate has the Plan right to revoke this Separation Agreement by delivering a written notice of revocation to Xxxxx Xxxxxx, Senior Vice President of Human Resources, at 0000 Xxxxxxx Xxxx, Xxxxxx, Xxxxxxxxxxxx 00000 by close of business (5:00 p.m. EST) on the seventh day after Associate signs this Separation Agreement. This Separation Agreement shall not be effective or enforceable and below. Capitalized terms Associate shall not defined herein shall have be entitled to receive any of the meanings specified in Separation Benefits until the Planeighth (8th) day after the date Associate signs this Separation Agreement and Associate has not revoked this Separation Agreement during such seven (7) day revocation period and provided that Associate has signed this Separation Agreement on or after the Separation Date and no more than twenty-one (21) days after Associate receives a copy of this Separation Agreement (the "Effective Date").

Appears in 1 contract

Samples: Separation Agreement and Release (Triton PCS Holdings Inc)

Review Period and Revocation. Executive acknowledges that Executive was given a period of at least 21 calendar days to review this Agreement (“Review Period”) Supplemental Release from the date that Executive received itit on May 29, 2019. Executive cannot sign this Supplemental Release prior to Executive’s Termination Date. Executive agrees that to the extent changes were made to the terms of the Agreement or there are changes made to the terms of this AgreementSupplemental Release, whether they are material or immaterial, the 21-day period for review of this Agreement Supplemental Release is not recommenced. To accept this Agreementthe Supplemental Release, Executive must sign both originals the original and return them it to Xxxxx Xxxxxxxxx on or before Xxxxxxx Xxxxxxxx within five (5) days after the last day of the Review PeriodTermination Date. Executive acknowledges that the Company and Released Parties have made no promises to Executive other than those contained in this Supplemental Release and the Agreement. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT SUPPLEMENTAL RELEASE TO REVIEW THIS AGREEMENT SUPPLEMENTAL RELEASE WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENTSUPPLEMENTAL RELEASE. Executive is further advised that Executive has 7 calendar days after Executive signs this Agreement Supplemental Release to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Agreement Supplemental Release as specified in the immediately preceding sentence, the Company shall will deem this Agreement Supplemental Release to be void in its entirety, in which case neither party shall will be bound by its terms and no payment shall will be made to the Executive hereunder, beyond the $5,000 (gross) as specified in paragraphs 16 and 22 of the Agreement. If Executive properly revokes this Agreement, Executive shall nevertheless remain subject to any The Agreement and all other agreement agreements that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates (as referenced in the paragraph in the Agreement titled “Other Agreements, Survivability and Successorship”) will remain in full force and effect whether or not Executive signs or does not sign this Supplemental Release and whether or not Executive revokes or does not revoke this Supplemental Release after having signed it. Executive’s signature below indicates that Nothing in this Supplemental Release precludes Executive has carefully read, reviewed, and fully understands this Agreement. Executive acknowledges that Executive’s signature below constitutes from filing a knowing and voluntary execution lawsuit to challenge the validity of this Agreement and Executive signs under the same of Executive’s own free will and it is Executive’s intention to be bound therebyADEA. Dated this _______day of of_____________________, 20112019. Xxxxx X. Xxxxx Xxxxxx Xxxxxxx Western Union, LLC By: Title Dated Title: EXHIBIT B NON-SOLICITATION AND NON-DISCLOSURE AGREEMENT For purposes of this day of Exhibit B, 2011. Exhibit 10.1 EXHIBIT 1 TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant “Company” refers to The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”)Union, Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September 30, 2011 Separation Date) Performance Period: January 1, 2011 – December 31, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31, 2011 The Participant acknowledges receipt of copies of the Incentive Award AgreementLLC, The Western Union Company Clawback Policy and/or its subsidiaries or Affiliates (as defined in the Agreement) for which Executive works or may work in the future (hereinafter individually and collectively referred to as the “Clawback Policy”Company” for purposes of this Exhibit B). Executive agrees that the Company is engaged in a highly competitive business and has expended, and continues to expend, significant money, skill, and time to develop and maintain valuable customer relationships, trade secrets, and confidential and proprietary information. Executive agrees that Executive’s work for the Company has brought Executive into close contact with many of the Company’s customers, Trade Secrets, Confidential Information, and Third Party Information (as defined below) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees Company has provided Executive access to abide by all of the terms and conditions of the Incentive Award Agreementsuch information to perform Executive’s job duties, the Clawback Policy disclosure of which would cause the Company significant and irreparable harm. Executive recognizes that any unauthorized disclosure of Third Party Information could breach non-disclosure obligations or violate applicable laws or Company policy. Executive further agrees that the Plan. In witness whereofcovenants in this Agreement are reasonable and necessary to protect the Company’s legitimate business interests in its customer relationships, the parties have executed the Agreement Trade Secrets, Confidential Information, and Third Party Information (as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions of The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”defined in Section I below), Xxxxx X. Xxxxx (the “Participant”), has been identified as eligible to participate in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined to be eligible to receive an Incentive Award (the “Award”), upon and subject to the restrictions, terms and conditions set forth in the Incentive Award Acceptance Agreement, the Plan and below. Capitalized terms not defined herein shall have the meanings specified in the Plan.

Appears in 1 contract

Samples: Agreement (Western Union CO)

Review Period and Revocation. Executive acknowledges that Executive was given a period of at least 21 calendar days to review this Agreement Release (“Review Period”) from the date Executive received it. Executive agrees that to the extent there are changes made to the terms of this AgreementRelease, whether they are material or immaterial, the 21-day period for review of this Agreement Release is not recommenced. Executive cannot sign the Release or the Release – ExhibitA prior to Executive’s Separation Date. To accept this AgreementRelease and the Release – Exhibit A, Executive must sign originals of both originals and return them to Xxxxx Xxxxxxxxx on or before no later than five business days following the last day of the Review PeriodSeparation Date. Executive acknowledges that the Company and Released Parties have made no promises to Executive other than those contained in this AgreementRelease. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE WAS ADVISED IN WRITING BY THIS AGREEMENT RELEASE TO REVIEW THIS AGREEMENT RELEASE WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENTRELEASE. Executive is further advised that Executive has 7 seven days after Executive signs this Agreement Release to revoke it by notifying the Company of such revocation in writing. In the event Executive revokes this Agreement Release as specified in the immediately preceding sentence, the Company shall deem this Agreement Release and the Release – Exhibit A to be void in its entirety, in which case neither party shall be bound by its terms and no payment shall be made to the Executive hereunder. If Executive properly revokes this AgreementRelease, Executive shall nevertheless remain subject to any other agreement that Executive signed while employed with the Company, Western Union, and/or their subsidiaries or Affiliates as referenced in the paragraph titled “Other Agreements, Survivability and Successorship” and the Release – Exhibit A shall be declared null and void. Exhibit 10.1 CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION IN ACCORDANCE WITH THE SECURITIES ACT OF 1933, AS AMENDED, AND RULE 24B-2 PROMULGATED THEREUNDER. OMITTED INFORMATION HAS BEEN REPLACED WITH ASTERISKS Executive’s signature below indicates that Executive has carefully read, reviewed, and fully understands this Agreement. Release and the attached Release—Exhibit A. Executive acknowledges that Executive’s signature below constitutes a knowing and voluntary execution of this Agreement Release and Executive signs the same of Executive’s own free will and it is Executive’s intention to be bound thereby. Dated this day of , 2011. Xxxxx X. Xxxxx Western UnionWESTERN UNION, LLC By: Title Title: Dated this day of , 2011. Exhibit 10.1 CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION IN ACCORDANCE WITH THE SECURITIES ACT OF 1933, AS AMENDED, AND RULE 24B-2 PROMULGATED THEREUNDER. OMITTED INFORMATION HAS BEEN REPLACED WITH ASTERISKS EXHIBIT 1 A TO MUTUAL SEPARATION AGREEMENT AND RELEASE THE WESTERN UNION COMPANY INCENTIVE AWARD ACCEPTANCE AGREEMENT Pursuant to The Western Union Company Senior Executive Annual Incentive Plan (the “Plan”), Xxxxx X. Xxxxx (“the Participant”) has been identified as eligible to participate in the Plan for the Performance Period set forth below and has been determined to be eligible to receive the Incentive Award described below. Certain terms and conditions of the Incentive Award are set forth immediately below in this Incentive Award Acceptance Agreement. Other terms and conditions are set forth in the Incentive Award Agreement which is appended to this Incentive Award Acceptance Agreement. The Incentive Award Acceptance Agreement and the Incentive Award Agreement are together the “Agreement” which is made and entered into between The Western Union Company, a Delaware corporation (“the Company”), and the Participant as of the beginning of the Performance Period set forth below. Capitalized terms not otherwise defined in this Incentive Award Acceptance Agreement are defined in the Plan or the Incentive Award Agreement. Maximum Award: 11.52% of the Incentive Pool Target Award: $495,317 (actual Award, if any, to reflect Participant’s September SEPTEMBER 30, 2011 Separation Date) Performance Period: January 1RELEASE GLOBAL NON-DISCLOSURE, 2011 – December 31AND U.S. NON-SOLICITATION AND U.S. NON-COMPETITION AGREEMENT For purposes of this Exhibit A, 2011 Incentive Pool: 3.0% of Operating Income for fiscal year 2011 Vesting Date: December 31“Company” refers to Western Union, 2011 The Participant acknowledges receipt of copies of the Incentive Award AgreementLLC, The Western Union Company Clawback Policy or its Affiliates (as defined in the Agreement) (hereinafter individually and collectively referred to as the “Clawback Policy”Company” for purposes of this Exhibit A). Executive agrees that the Company is engaged in a highly competitive business and has expended, and continues to expend, significant money, skill, and time to develop and maintain valuable customer relationships, trade secrets, and confidential and proprietary information. Executive agrees that Executive’s work for the Company has brought Executive into close contact with many of the Company’s customers, Trade Secrets, Confidential Information, and Third Party Information (as defined below) and the Plan (which are incorporated by reference and made a part hereof) and this Incentive Award Acceptance Agreement and agrees Company has provided Executive access to abide by all of the terms and conditions of the Incentive Award Agreementsuch information to perform Executive’s job duties, the Clawback Policy disclosure of which would cause the Company significant and irreparable harm. Executive recognizes that any unauthorized disclosure of Third Party Information could breach non-disclosure obligations or violate applicable laws or Company policy. Executive further agrees that the Plancovenants in this Agreement are reasonable and necessary to protect the Company’s legitimate business interests in its customer relationships, Trade Secrets, Confidential Information, and Third Party Information (as defined in Section I below). In witness whereof, the parties have executed the Agreement Company has provided Executive access to “trade secret” information as of , 2011. THE WESTERN UNION COMPANY, a Delaware corporation By: Name: Title: Agreed that term is used in Colorado Revised Statute § 8-2-113 and Accepted: Participant Exhibit 10.1 INCENTIVE AWARD AGREEMENT THE WESTERN UNION COMPANY SENIOR EXECUTIVE ANNUAL INCENTIVE PLAN Pursuant to the provisions of The Western Union Company Senior Executive Annual Incentive Plan (the is Plan”), Xxxxx X. Xxxxx (the “Participant”), has been identified executive and management personnel” as eligible to participate that term is used in the Plan for the Performance Period set forth in the Incentive Award Acceptance Agreement and has been determined to be eligible to receive an Incentive Award (the “Award”), upon and subject to the restrictions, terms and conditions set forth in the Incentive Award Acceptance Agreement, the Plan and below. Capitalized terms not defined herein shall have the meanings specified in the PlanColorado Revised Statute § 8-2-113.

Appears in 1 contract

Samples: Mutual Separation Agreement and Release

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