Waiver of Release Requirement under Executive Retention Agreement between eFunds Corporation and Jerry K. Lester

Contract Categories: Business Finance › Waiver Agreements
Summary

eFunds Corporation notifies Jerry K. Lester that it is waiving the requirement for him to sign a release, as originally required by their Executive Retention Agreement dated June 17, 2002, in order to receive a lump-sum payment. The company anticipates making this payment soon. This letter serves as formal confirmation of the waiver of this specific condition.

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EX-10.38 7 p67601exv10w38.txt EX-10.38 Exhibit 10.38 November 6, 2002 Jerry K. Lester 6801 N. Capital of Texas Highway Building 1 Austin, Texas 78731 Dear Jerry Reference is made to that certain Executive Retention Agreement, dated as of June 17, 2002, by and between eFunds Corporation and you. I am writing to inform you that the Company is waiving the requirement set forth in Section 2(iv) of the Agreement that you execute the Release attached to the Agreement as Exhibit A as a condition to your receipt of the lump-sum payment described in Section 1(a). I would anticipate that this payment will be made shortly. Very truly yours, /s/ Colleen M. Adtedt - --------------------------------- Senior Vice President Human Resources and Administration eFunds Corporation