First Data 2013 Annual Report Download - page 166

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exercises its discretion to determine whether an Incentive Award shall be paid to each such individual Participant with respect to such Plan Year.
4. PAYMENT OF INCENTIVE AWARDS. Payment of Incentive Awards, shall be made only to otherwise eligible Participants who remain employed on
date the Incentive Award is paid following the applicable Plan Year. Payment of Incentive Awards, less withholding taxes and other applicable withholdings,
shall be made to Participants not later than March 15 following the applicable Plan Year, provided the Committee has determined the amount and approved the
payment of the Incentive Award to the Participants. Funding of Incentive Awards under this Plan shall be out of the general assets of the Company. Unless
otherwise determined by the Committee in its discretion, Incentive Awards shall be paid in cash.
5. ADMINISTRATION. The Plan shall be administered by the Committee, which shall have full power and authority to interpret, construe and administer
the Plan in accordance with the provisions set forth herein. The Committee’s interpretation and construction of the Plan, and actions hereunder, or the amount
or recipient of the payments to be made from the Plan, shall be binding and conclusive on all persons for all purposes. In this connection, the Committee may
delegate to any corporation, committee or individual, regardless of whether the individual is an employee of the Company, the duty to act for the Committee
hereunder. No officer or employee of the Company shall be liable to any person for any action taken or omitted in connection with the interpretation and
administration of the Plan unless attributable to his or her own willful misconduct or lack of good faith. The expenses of administering the Plan shall be paid
by the Company and shall not be charged against the Plan.
6. PARTICIPATION IN THE PLAN. Eligible executive officers of the Company may become Participants in accordance with the terms of the Plan at any
time during the Plan Year.
7. TERMINATION OF EMPLOYMENT. Unless otherwise determined by the Committee, a Participant whose employment in his current position with the
Company terminates for any reason prior to the end of a Plan Year shall not be entitled to receive an Incentive Award for such Plan Year.
8. DEFERRAL OF INCENTIVE AWARDS. A Participant may elect to defer receipt of all or any portion of any Incentive Award made under this Plan to a
future date as provided in and subject to the terms and conditions of any deferred compensation plan of the Company.
9. MISCELLANEOUS.
9.1 NONTRANSFERABILITY. No Incentive Award payable hereunder, nor any right to receive any future Incentive Award hereunder, may be assigned,
alienated, sold, transferred, anticipated, pledged, encumbered, or subjected to any charge or legal process, and if any such attempt is made, or a person
eligible for any Incentive Award hereunder becomes bankrupt, the Incentive Award under the Plan which would otherwise be payable with respect to such
person may be terminated by the Committee which, in its sole discretion, may cause the same to be held or applied for the benefit of one or more of the
dependents of such person or make any other disposition of such award that it deems appropriate.
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