Resignation and Transition Agreement between John A. Blanchard III and eFunds Corporation

Contract Categories: Human Resources › Separation Agreements
Summary

John A. Blanchard III agrees to resign as Chairman of the Board and CEO of eFunds Corporation, effective September 16, 2002, and consents to Paul F. Walsh being appointed as his successor. He will remain employed as Transition Advisor until December 31, 2002, after which he will fully resign from the company. This agreement outlines the terms of his resignation and transition period.

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EX-10.3 6 p67183exv10w3.txt EX-10.3 Exhibit 10.3 I hereby consent to the appointment of Paul F. Walsh as my successor as Chairman of the Board of Directors and Chief Executive Officer of eFunds Corporation (the "Company") and resign from such offices, effective September 16, 2002. I agree to remain as an employee of the Company, serving as its Transition Advisor, until December 31, 2002, at which point this letter shall also serve as my letter of resignation from further employment. September 13, 2002 /s/ John A. Blanchard III ----------------------------------- John A. Blanchard III