EX-10.16 DESCRIPTION OF ARRANGEMENT FOR DIRECTORS FEES

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.