Amendment to S1 Corporation Amended and Restated Directors Stock Option Plan

Summary

This amendment updates the Security First Network Bank Amended and Restated Directors Stock Option Plan by changing its name to the S1 Corporation Amended and Restated Directors Stock Option Plan and clarifying that all references to the Bank now refer to S1 Corporation. It also modifies certain provisions regarding the holding period for stock options and deletes a specific sentence from Section 10. All other terms of the plan remain unchanged. The amendment was approved by the S1 Corporation Board of Directors on December 16, 1999.

EX-10.1 2 w42729ex10-1.txt AMEND TO S1 NETWORK BANK DIRECTOR'S STOCK PLAN 1 Exhibit 10.1 S1 CORPORATION AMENDMENT TO SECURITY FIRST NETWORK BANK AMENDED AND RESTATED DIRECTORS' STOCK OPTION PLAN The Security First Network Bank Amended and Restated Directors Stock Option Plan, as amended (the "Plan") is hereby amended as set forth below: 1. The Name of the Plan is changed to the S1 Corporation Amended and Restated Directors Stock Option Plan, references in the Plan to Security First Network Bank shall be deemed to refer to S1 Corporation (the "Corporation") and references in the Plan to the Bank shall be deemed to refer to the Corporation. 2. The third sentence of Section 10 of the Plan is amended by adding the following after the word "Stock" in such sentence: that have been held by the Optionee for at least six months, which shares shall 3. The fourth sentence of Section 10 of the Plan is deleted. 4. The Plan shall otherwise be unchanged by this Amendment. * * * The foregoing Amendment to the Plan was duly adopted and approved by the Board of Directors of the Corporation by resolution at a meeting held on December 16, 1999. /s/ Nancy Kenley ----------------------------------- Secretary 30