PERFORMANCE SHARE AGREEMENT (2017-2019)Restrictive Covenant Agreement • May 4th, 2017 • Total System Services Inc • Services-business services, nec • Georgia
Total System Services, Inc. (“Company”) confirms that on February 17, 2017, the Compensation Committee of the Board of Directors of the Company approved, effective February 17, 2017 (the “Grant Date”), an award of performance shares (“Performance Shares”) with an initial economic value equal to the product of (a) your base salary on the Grant Date multiplied by (b) 60% of your LTIP multiplier as determined by the Committee prior to the Grant Date (such initial economic value being the “2017-2019 Performance Opportunity”). The number of Performance Shares initially granted pursuant to this Agreement will be determined by dividing the 2017-2019 Performance Opportunity by the closing price of the Company’s Shares on the New York Stock Exchange on the Grant Date (your “Initial Performance Shares”). Your Initial Performance Shares will be adjusted upward or downward based on specified performance measures for the period 2017-2019 pursuant to the provisions of Section 1 below, with thirty pe
