SunGard Data Systems Inc. Stock in Lieu of Director Cash Compensation Plan Summary
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Summary
SunGard Data Systems Inc. offers a plan allowing its outside directors to choose to receive company stock instead of cash for their board service. Directors must make this choice in writing; otherwise, they are paid in cash. If they opt for stock, shares are issued quarterly based on the stock's closing price at each board meeting. As of December 31, 2002, 46,385 shares were set aside for this purpose.
EX-10.33 7 dex1033.txt SUMMARY DESCRIPTION OF THE COMPANY'S STOCK IN LIEU OF DIRECTOR CASH COMPENSATION Exhibit 10.33 SunGard Data Systems Inc. Summary Description of the Company's Stock in Lieu of Director Cash Compensation Plan SunGard Data Systems Inc. has a plan that permits outside directors to elect to receive shares of SunGard common stock in lieu of cash compensation. Unless an outside director elects in writing to receive shares in lieu of cash compensation, all fees are paid in cash. If an outside director elects to receive shares in lieu of cash compensation, then the shares are issued on a quarterly basis based upon the closing price of SunGard's common stock on the date of each quarterly board meeting. As of December 31, 2002, there were 46,385 shares reserved for issuance under this plan.
