S1 Corporation 2006 Outside Directors' Fee Arrangement Description

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for outside directors of S1 Corporation for the 2006 fiscal year. Outside directors receive a quarterly retainer of $5,000, $500 for each committee meeting attended as a member, and $1,000 for each committee meeting attended as a chairman. Additionally, they are eligible for stock option grants under the company's 2003 Stock Option Plan, though there is no set method for granting these options.

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EX-10.17 2 g00219exv10w17.txt EX-10.17 DESCRIPTION FOR ARRANGEMENT OF DIRECTORS' FEES EXHIBIT 10.17 DESCRIPTION OF ARRANGEMENT FOR DIRECTORS FEES The following sets forth the amount of fees payable to outside directors of S1 Corporation for their services as Directors in fiscal year 2006:
EVENT FEE - ----- ------- Quarterly Retainer $ 5,000 Committee Meeting Attended (Member) $ 500 Committee Meeting Attended (Chairman) $ 1,000
Additionally, outside directors are eligible to receive stock option grants under our 2003 Stock Option Plan. There is no prescribed method for granting these options.