METAVANTE TECHNOLOGIES, INC. AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
Exhibit 10.2
METAVANTE TECHNOLOGIES, INC.
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
OF
MICHAEL D. HAYFORD
THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT is made as of the 1st day of November, 2008 by and between Metavante Technologies, Inc., a Wisconsin corporation (Metavante Technologies), and Michael D. Hayford (the Executive).
RECITALS
WHEREAS, Metavante Technologies and the Executive are parties to that certain Employment Agreement (the Employment Agreement) dated as of November 1, 2007; and
WHEREAS, the parties wish to amend the Employment Agreement to reflect a change in the Executives title;
NOW, THEREFORE, the parties hereby agree as follows:
1. Section 3(a) of the Employment Agreement is hereby amended to change the Executives title from Senior Executive Vice President and Chief Operating Officer to President and Chief Operating Officer.
2. Section 10(b)(ii)(C) is revised to read a material diminution of the Executives title from President and Chief Operating Officer.
3. Except as set forth above, no other changes are made to the Employment Agreement and the Employment Agreement remains in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above.
METAVANTE TECHNOLOGIES, INC. | ||
By: | /s/ Donald W. Layden, Jr. | |
Name: | Donald W. Layden, Jr. | |
Title: | Senior Executive Vice President, | |
General Counsel and Secretary | ||
/s/ Michael D. Hayford | ||
Michael D. Hayford |