Amendment to Option Agreement between eFunds Corporation and John B. Benton (March 2006)

Contract Categories: Business Finance › Modification Agreements
Summary

This amendment, dated March 2006, modifies a previous option agreement between eFunds Corporation and John B. (Jack) Benton. The changes update the definitions and terms related to "Qualifying Termination" and "Approved Retirement" within the agreement. Both parties have agreed to these modifications, which clarify when certain benefits or rights under the option agreement may be triggered.

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EX-10.5 6 p72284exv10w5.htm EX-10.5 exv10w5  

EXHIBIT 10.5
AMENDMENT
AMENDMENT, dated March ___, 2006, to that certain option agreement, dated February 16, 2006 (the “Agreement”), by and between eFunds Corporation, a Delaware corporation (the “Company”), and John B. (Jack) Benton. Capitalized terms used without definition herein shall have the meanings assigned to such terms in the Agreement.
  1.   Amendment. Section 1(b) of each of the Agreements is hereby amended to delete the reference to Approved Retirement in the definition of Qualifying Termination appearing therein and Section 3.3(ii) of each such Agreement is hereby amended to add the clause
“, Approved Retirement” after the words “Qualifying Termination.”
IN WITNESS WHEREOF, the parties have hereunto set their hands as of the date set forth above.
eFUNDS CORPORATION
             
By:
  /s/ Laura DeCespedes       /s/ John B. Benton
 
           
    Its: EVP Human Resources            John B. (Jack) Benton
Approved as to Form
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