SEPARATION AND SETTLEMENT AGREEMENT
THIS AGREEMENT (the “Agreement”) is entered into as of the 3rd day of June, 2005 by and between GLOBAL
PAYMENTS INC. , a Georgia corporation with its headquarters in Atlanta, Georgia (“Company”) and Jeffery C. McWey
(hereinafter “McWey”). The “Effective Date” of this Agreement is defined in Paragraph 10.
In consideration of the payments, covenants and releases described below, and in consideration of other good and
valuable consideration, the receipt and sufficiency of all of which is hereby acknowledged, Company and McWey agree as
1. Termination of Employment Agreement and Employment .
Both parties agree that the employment agreement between McWey and Global Payments Inc. which is dated October 26,
2001 is hereby terminated as of the Termination Date of this Agreement. McWey’s employment with Company and all of its
parents, affiliates, and subsidiaries is terminated effective June 3, 2005 (the “Termination Date”), except for the provisions of
Section 13 of such employment agreement which survive termination of such agreement. McWey acknowledges and agrees that
Company has met all of its obligations to McWey and has paid him all salary, wages, overtime payments, commissions,
bonuses, accrued benefits and other amounts due to him through the date of this Agreement. This Agreement is intended to
settle any and all claims McWey may have or claim to have against Company and all of its parents, affiliates and subsidiaries.
McWey agrees that, except for payments specifically set forth in Paragraph 2A of this Agreement, neither Company nor any of
its parents, affiliates, or subsidiaries owes any additional amounts to McWey for any reason. McWey further acknowledges
and agrees that he has received proper notice of his option to continue his medical and dental insurance beyond the Normal
Severance Period pursuant to COBRA coverage continuation rules, of his obligation to make timely monthly premium payments