First Data 2009 Annual Report Download - page 282

Exhibit 10.24
Named Executive Officer Salary and Bonus Arrangements
On March 8, 2010, the Governance, Compensation and Nominations Committee (the “Committee”) of the Board of Directors of
First Data Corporation (the “Company”) approved the following 2010 base salaries and target bonuses under the Senior Executive
Incentive Plan for the Company’s named executive officers.
From time to time, the Company’s executive officers also may receive certain perquisites and personal benefits that may include
personal use of the Company’s aircraft, personal financial planning up to $20,000 per year, and reimbursement for relocation and
moving expenses.
Name and Titl
e
2010
Base Salar
y
2010
Bonus
Tar
g
et (1)
Michael D. Capellas
Chairman and Chie
f
Executive O
ff
icer
$1,200,000 $1,800,000
W. Patrick Shannon
E
xecutive Vice President & Chie
f
Financial O
ff
icer
$ 700,000 $ 875,000
Edward A. Labry III
E
xecutive Vice Presiden
t
$750,000 $937,500
Kevin J. Schultz
E
xecutive Vice Presiden
t
$ 600,000 $ 750,000
Grace C. Trent
E
xecutive Vice Presiden
t
$400,000 $400,000
(1) 2010 bonus funding will be determined at the discretion of the Committee at the end of the year after considering
accomplishments during 2010, which may include: (1) financial performance, as measured by EBITDA and revenue;
(2) operational performance, as measured by the attainment of business service level and other strategic operational objectives;
and (3) attainment of the Company’s and each executives individual performance objectives.