S1 Corporation 2005 Outside Directors Fee Arrangement

Contract Categories: Human Resources › Compensation Agreements
Summary

S1 Corporation outlines the compensation for its outside directors for the 2005 fiscal year. Outside directors receive a $5,000 quarterly retainer, $500 for each committee meeting attended as a member, and $1,000 for each committee meeting attended as chairman. They are also 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-10.16 2 g93830exv10w16.txt EX-10.16 DESCRIPTION OF ARRANGEMENT FOR DIRECTORS FEES EXHIBIT 10.16 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 2005:
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.