Amendment No. 2 to Jack Henry & Associates, Inc. 2006 Employee Stock Purchase Plan

Summary

Jack Henry & Associates, Inc. is amending its 2006 Employee Stock Purchase Plan to change how the purchase price for company stock is determined. Effective January 1, 2008, the price employees pay for shares will be 85% of the fair market value on the exercise date, but not less than $0.01 per share. The Board retains the right to adjust this price as allowed by the plan. This amendment clarifies and updates the terms for employees buying company stock through the plan.

EX-10.34 2 exh10-34.htm AMENDMENT NO. 2 TO JACK HENRY & ASSOCIATES, INC. 2006 EMPLOYEE STOCK PURCHASE PLAN AMENDMENT NO. 2 TO 2006 EMPLOYEE STOCK PURCHASE PLAN

Exhibit 10.34

AMENDMENT NO. 2 TO
JACK HENRY & ASSOCIATES, INC.
2006 EMPLOYEE STOCK PURCHASE PLAN

WHEREAS, Jack Henry & Associates, Inc. (the "Company") previously adopted the Jack Henry & Associates, Inc. 2006 Employee Stock Purchase Plan (the "Plan"); and

WHEREAS, the Company desires to amend the Plan regarding the purchase price of a share of common stock of the Company;

NOW, THEREFORE, effective January 1, 2008, Section 2(p) of the Plan is deleted in its entirety and replaced with the following:

(p) "Purchase Price" shall mean 85% of the Fair Market Value of a share of Common Stock on the Exercise Date, provided, however, that in no event shall the Purchase Price be less than $0.01 per share, and provided further that the Purchase Price may be adjusted by the Board pursuant to Section 20.