BISYS Group 2005 Annual Incentive Compensation Awards for Named Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

The BISYS Group, Inc. has set annual incentive compensation awards for its named executive officers for the fiscal year ending June 30, 2005. The agreement lists the specific cash awards for each executive, including the President and CEO, former CFO, and other executive vice presidents. The awards are based on their roles during the fiscal year, with notes indicating if an officer left the company before the end of the period. This document formalizes the company's commitment to pay these incentive amounts.

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EX-10.1 2 y12020exv10w1.htm EX-10.1: ANNUAL INCENTIVE AWARDS FOR NAMED EXECUTIVE OFFICERS EXHIBIT 10.1  

THE BISYS GROUP, INC.
AMENDMENT NO. 1 AND CONSENT NO. 2
Exhibit 10.1
BISYS 2005 Annual Incentive Compensation Awards
for Named Executive Officers
The table below reflects the annual incentive compensation awards in respect of the fiscal year ended June 30, 2005 for each of the executive officers of The BISYS Group, Inc. (the “Company”) that the Company has determined will be named in the summary compensation table in its 2005 Proxy Statement (the “Named Executive Officers”).
         
Name and Position   Incentive Compensation  
Russell P. Fradin, President and Chief Executive Officer
   $ 600,000  
James L. Fox (1), Former Chief Financial Officer
   $ 294,000  
J. Robert Jones, Executive Vice President- Business Development
   $ 234,300  
John M. Howard, Executive Vice President- Insurance Services
   $ 235,000  
William J. Tomko (2), Former Executive Vice President
   $ 195,000  
 
(1)   Mr. Fox ceased to be an executive officer of the Company effective August 15, 2005.
 
(2)   Mr. Tomko ceased to be an executive officer of the Company effective June 8, 2005.